Busan Urban Corporation Receives Prime Minister's Award for Industrial Technology Promotion Contribution

The Only Local Public Enterprise Nationwide Operating Public Procurement Adequacy Review System, Expanding NEP and NET Purchases

Busan Metropolitan Corporation (BMC, President Shin Chang-ho) announced on the 19th that it received the '2024 Industrial Technology Promotion Merit Prime Minister's Institutional Commendation' at the New Technology Commercialization Promotion Conference held at The-K Hotel in Seoul on the 11th.

The New Technology Commercialization Promotion Conference is an awards ceremony hosted by the National Institute of Technology and Standards under the Ministry of Trade, Industry and Energy, recognizing companies and institutions that have contributed to the development and commercialization of new technologies.

Busan Urban Corporation is receiving the Prime Minister's Institutional Commendation for Industrial Technology Promotion. Photo by Busan Urban Corporation

BMC introduced its own public procurement appropriateness review system to support the commercialization of new technologies, encouraging the purchase of related certified products (NEP, NET). It also participated annually in new product (NEP) public procurement workshops and online and offline public procurement consultation meetings to support market access for excellent products.

Additionally, by designating dedicated personnel for public procurement and actively participating in nationwide events such as the Korea Public Procurement Expo, Win-Win Growth Fair, and Public Procurement Promotion Exchange Meetings, BMC supported companies with new technology certifications. This effort was recognized for doubling the number of certified product purchase items in 2023 compared to the previous year (274 million KRW, 23 items), earning the honor of the award.

Shin Chang-ho, President of Busan Metropolitan Corporation, said, “I am pleased that our consistent efforts to review public procurement internally and to fulfill mandatory and preferential purchases including certified products (NEP, NET) have been recognized. We will continue to strive to support market access for excellent small and medium enterprises and to revitalize the local economy.”

Busan Urban Corporation is taking a commemorative photo after receiving the Prime Minister's Institutional Commendation for Industrial Technology Promotion. Photo by Busan Urban Corporation

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