Passage of Amendment to the Gyoyukwon Gongjehoe Act... Establishing Legal Basis for S2B Project

Operational difficulties due to lack of legal basis
Contributing to market expansion for small and medium merchants through legal revision
"Education family does their best for necessary tasks"

The Korea Teachers' Credit Union announced on the 9th that "the partial amendment bill of the Korea Teachers' Credit Union Act has passed the National Assembly plenary session." The recently passed 'Partial Amendment Bill of the Korea Teachers' Credit Union Act' was proposed to strengthen the legal basis for the S2B project of the Educational Institution Electronic Procurement System.

S2B is a designated information processing device used by local governments and institutions subject to the Local Contract Act. Unlike other designated information processing devices, it faced operational difficulties due to the absence of legal authority. As a result, there was an urgent need for countermeasures because the loss of sales channels for small and medium-sized enterprises, small business owners, and socially considerate companies was anticipated.

Through this legal amendment, the Credit Union expects to contribute to the expansion of sales channels for small and medium-sized businesses and enable more active system investment, thereby improving convenience and transparency in procurement tasks performed by demand institutions such as educational institutions and local governments. Jeong Gap-yoon, Chairman of the Korea Teachers' Credit Union, stated, “With the passage of this amendment bill, we will promote the maintenance of S2B services and system improvements and efficiently provide continuous electronic procurement services to educational institutions.” He added, “We will continue to do our best in all matters necessary for the education community.”

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