Busan to Boost Use of Local Products... First in Korea to Introduce Real-Time Public Contract Monitoring System

Park Hyungjoon: "We Will Raise the Local Product Purchase Rate to 70 Percent"

Busan City is accelerating its efforts to expand the purchase of local products by introducing a management system that oversees the entire public contract process.

On the morning of the 26th at 9:00 a.m., Busan City (Mayor Park Hyungjoon) held a "Comprehensive Report Meeting on Expanding Local Product Purchases" at City Hall and announced that it had shared the current progress of policies to increase the success rate of local companies in winning contracts, as well as future plans.

Within just two months of implementing the policy, the city recorded a 63% purchase rate of local products. Building on this, the city set a goal of achieving a 70% rate by expanding the participation of local companies across all public and private sectors.

The city will introduce a real-time monitoring system that analyzes the causes of contracts awarded to companies outside the region based on contract data and establishes improvement measures. This systematic management of the entire public contract process is the first such attempt in the country.

Public Contract Monitoring System Data Flow Diagram.

This system will have functions to analyze the participation status of local companies across construction, services, and goods contracts, and to proactively identify factors that may exclude local firms. Through this, the city aims to move beyond simple recommendations and actually expand the number of contracts secured by local companies.

The city will also pursue institutional improvements to further expand subcontracting opportunities and prioritize the use of local companies. By broadening the scope to include private construction projects, the city aims to maximize the ripple effects on the local economy.

Mayor Park Hyungjoon stated, "Our goal is to raise the contract success rate to a level that local companies can truly feel," adding, "The public sector will serve as a catalyst to create a virtuous cycle for the local economy."

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