"Reducing Corporate Burden and Increasing Exports" Revision of G-PASS Company Designation and Management Regulations

The Public Procurement Service announced on the 27th that it will revise the regulations for designating and managing promising companies entering the overseas procurement market (hereinafter referred to as G-PASS companies) and implement them starting from the 1st of next month.

The revised regulations focus on reducing the burden on companies in the G-PASS designation process and strengthening export capabilities.

To reduce the burden on companies, the existing on-site inspections that checked production facilities and willingness to enter the overseas procurement market for G-PASS applicant companies will be minimized, and the grading evaluation process will be improved.

Going forward, the on-site inspections, which were conducted for all G-PASS applicant companies, will be changed to exempt companies with existing export performance from the inspection.

Additionally, the G-PASS company grading evaluations, which were previously conducted twice a year (in the first and second half), will be reduced to once a year.

Previously, if a company failed to apply within the G-PASS re-designation application period, re-designation was not possible. However, the regulations have been revised so that re-designation is possible if the application is made within three years after the expiration of the designation period.

The previous grading evaluation classified G-PASS companies into three grades: A, B, and C, providing differentiated benefits according to each grade.

To strengthen companies' export capabilities, the Public Procurement Service decided to grant up to 3 bonus points (preferential treatment) when companies that have completed overseas procurement market-related training apply for G-PASS designation evaluation. Based on the number of training sessions completed in the past year, 1 point is given for 3 to 5 sessions, 2 points for 6 to 9 sessions, and 3 points for 10 or more sessions.

Detailed information on the revised regulations can be found on the websites of the Public Procurement Service or the Overseas Procurement Information Center.

Lim Gi-geun, Administrator of the Public Procurement Service, stated, “The revision of the regulations is the result of the Public Procurement Service’s efforts to reduce the inconveniences experienced by companies using the G-PASS designation system and to enhance capabilities related to overseas procurement. The Public Procurement Service will continue to boldly improve on-site regulations to help procurement companies with excellent technology expand into the global market.”

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