Government Procurement  
     
 

KSFTA has lowered its threshold for government procurement opportunities which will allow more companies to benefit from this area. Companies in Singapore will be treated on equal terms as Korea companies in supplying such goods and services and vice-versa.

Singapore companies can find more information on procurement opportunities via three sources:

i) The Korean e-Procurement System:  G2B (http://www.g2b.go.kr)
ii) Daily Press
iii) Internet Home Page of respective entities

Table of Thresholds:

  Central Government Entities (SDR) Sub-Central Government Entities (SDR)
Goods 100,000 200,000
Services 100,000 200,000
Construction Services 5,000,000 (no change from GPA) 15,000,000 (no change from GPA)