South Korea Banking and Finance Tenders

South Korea boasts a highly developed and sophisticated banking and finance market, ranking as the world's fourth-largest by total assets. The sector is characterized by a strong presence of domestic banks, with the largest five accounting for over 70% of total assets. Foreign banks also play a significant role, with over 40 foreign bank branches operating in the country.

The South Korean government is a major procurer of banking and finance products and services, spending over KRW 10 trillion (USD 7.5 billion) annually. The government procures a wide range of products and services, including financial advisory services, investment banking services, and asset management services.

The main banking and finance products and services procured by the South Korean government include:
Financial advisory services
Investment banking services
Asset management services
Custodial services
Payment processing services

The top authorities for South Korea banking and finance procurement are:
Public Procurement Service (PPS)
Ministry of Finance (MOF)
Financial Supervisory Service (FSS)

The top winners of South Korea banking and finance procurement include:
Korea Investment Corporation (KIC)
National Pension Service of Korea (NPS)
Korea Securities Depository & Clearing Corporation (KSDCC)
Shinhan Financial Group
KB Financial Group

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