Public Procurement Service Supports Excellent Procurement and Startup Companies' Entry into the US Procurement Market

The Public Procurement Service (PPS) will assist outstanding domestic procurement and startup companies in entering the local procurement market in the United States.

The PPS announced on the 11th that from the 11th to the 14th, it will form a joint pavilion with 10 domestic small and medium-sized enterprises (SMEs) at the 21st World Korean Business Convention (hereinafter referred to as the Hansang Convention) held at the Anaheim Convention Center in California, USA, to promote the companies' products and technologies to local buyers and conduct purchase consultations.

The Hansang Convention is an event organized to commemorate the 70th anniversary of the Korea-US alliance and the 120th anniversary of Korean immigration to the Americas this year.

On-site, side events such as corporate exhibitions, venture capital (VC) forums, and startup competitions will be held, serving as a gateway for domestic companies to enter the local procurement market.

In particular, during the event, the PPS plans to hold a high-level cooperation meeting with the U.S. General Services Administration (GSA) to strengthen exchange and cooperation in the public procurement sector between the two countries.

Kim Eung-geol, Director of Planning and Coordination at the PPS, said, “The U.S. federal procurement market is considered a large-scale market worth $600 billion. The PPS will continue to provide support so that excellent procurement and startup companies, whose technological capabilities have been verified domestically, can steadily enter overseas procurement markets including the United States.”

This content was produced with the assistance of AI translation services.