South Korea Security Services Tenders

The South Korean security services market is valued at approximately US$1.9 billion and is expected to grow at a CAGR of 12.75% from 2022 to 2028. This growth is being driven by several factors, including the increasing sophistication of cyberattacks, the growing adoption of cloud computing, and the increasing demand for physical security services.

The South Korean government is a major purchaser of security services, spending an estimated US$500 million annually. The government procures a wide range of security services, including physical security, cyber security, and investigation services.

The main security services products and services procured by the South Korean government include:
Physical security services: These services include guarding, access control, and video surveillance.
Cyber security services: These services include vulnerability assessment and penetration testing, incident response, and security awareness training.
Investigation services: These services include background checks, fraud investigations, and cyber crime investigations.

The top authorities for South Korean security services procurement are:
The Ministry of Public Administration and Security
The Ministry of Defense
The National Police Agency
The Korea Communications Standards Commission

The top winners of South Korean security services procurement are:
SK Infosec
AhnLab
LG CNS
Samsung SDS
IBM

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