South Korea Building Tenders

The South Korean construction market is a significant contributor to the country's economy, valued at over USD 211.7 billion in 2022. The market is driven by a combination of factors, including infrastructure development, urbanization, and rising disposable incomes. Government initiatives, such as the New Deal policy, have also played a role in stimulating market growth.

South Korea building government procurement
The South Korean government is a major procurer of building products and services, with an annual procurement budget of over KRW 50 trillion (USD 40 billion). The government's procurement process is governed by the Public Procurement Service (PPS) and is designed to ensure transparency, fairness, and value for money.

The South Korean government procures a variety of building products and services, including construction work, architectural and engineering services, quantity surveying services, project management services, and facilities management services. These services are essential for the construction and maintenance of public infrastructure, such as roads, bridges, and buildings.

The top authorities for South Korean building procurement are:
Ministry of Land, Infrastructure and Transport (MOLIT)
Public Procurement Service (PPS)
Korea Land and Housing Corporation (K-Land)
Korea Infrastructure Asset Management Corporation (KIAMC)

The top winners of South Korean building procurement are:
Samsung C&T Corporation
Hyundai Engineering & Construction Co., Ltd.
SK Ecoplant
GS Engineering & Construction Corporation
Daelim Industrial Co., Ltd.

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