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South Korean e-procurement system booming worldwide

Koneps, or Korea Online E-procurement System, is drawing more attention from abroad than ever, the South Korean Public Procurement Service (PPS) said. The Korean e-procurement system provides a convenient one-stop service, enabling users to process all necessary operations for procurement-registration, bidding, contract and payment. South Korea has signed multiple memorandums of understanding with 19 countries worldwide on e-procurement. PPS Administrator Kang Ho-in said exporting Koneps is an effective way for Korean companies to make inroads in the global procurement market, especially when the free trade agreements with other countries are expanding our platform to the global market.