Event: International Procurement Workshop Republic of Korea’s Procurement Policy and System 25 September 2024 Author / Speaker Kyunghoon Ahn View File Under the central procurement system, the first and foremost aim of domestic procurement is to ensure that the government's needs are met in a cost effective manner, and to help government agencies perform well and manage efficiently by supplying quality products in a timely manner. The magnitude of the government's outlay on procurement, which annually runs into billions of dollars, creates opportunities for implementing selected national policies. PPS has endeavored to improve the quality of procured goods and achieve socio-economic objectives in its procurement procedures. Disclaimer The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. Download Topics Governance and Public Sector Management