South Korea Industry Tenders

South Korea's industry sector is a significant driver of the country's economy, accounting for approximately 36% of GDP. The sector is undergoing a transformation, driven by government initiatives to promote innovation and technological advancement. Key industries include electronics, semiconductors, automobiles, shipbuilding, and chemicals. The industry sector plays a crucial role in South Korea's export-oriented economy.

South Korea Industry Government Procurement
The South Korean government is a major purchaser of industrial products and services. In 2022, the government spent over $90 billion on industrial procurement. The government is committed to supporting the growth of the domestic industry and is increasingly sourcing products and services from South Korean companies.

The South Korean government procures a wide range of industrial products and services, including:
Industrial powerhouse focused on capital goods (machinery, equipment), raw materials, construction materials, and services.

The top authorities for South Korea industry procurement are:
The Ministry of Trade, Industry and Energy (MOTIE)
The Public Procurement Service (PPS)
The Defense Acquisition Program Administration (DAPA)

Top winners of South Korea industry procurement include:
Samsung Electronics
SK Hynix
Hyundai Motor Company
Daewoo Shipbuilding & Marine Engineering (DSME)
LG Chem.

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