금융위원회	보도자료

보도시점	배포즉시	배포	2023. 10. 11(수)

PPS Explores Sales Channels for Korean SMEs and Startups in the U.S. Federal Procurement Market

Joining the 21st World Korean Business Convention held from Oct. 11th to Oct. 14th, 2023 and showcasing the companies’ inventive products

The Public Procurement Service (PPS) will participate in the 21st World Korean Business Convention held at the Anaheim Convention Center, California, USA from October 11th to 14th. This gathering will take place to commemorate the 70th anniversary of the Korea-US alliance and 120 years of Korean immigration to the Americas.

The event includes various activities such as corporate exhibitions, a venture capital forum, and a startup business competition. This provides an opportunity for the outstanding SMEs and startups to showcase their technological and competitive capabilities to overseas buyers, serving as a gateway for entering the U.S. procurement market.

PPS and KISED (Korea Institute of Startup & Enterpreneurship Development) will jointly set up a pavilion featuring products and technologies of ten Korean SMEs, which produce LED lighting devices, tire monitoring and analysis devices, etc. They will promote their technologically-proven products and engage in business consultations.

In particular, PPS will hold a high-level meeting with the US General Services Administration (GSA) to further enhance mutual exchanges and cooperation in the public procurement sector of both countries.

Kim Eung Keol, Director General of Planning and Coordination, PPS, stated, “The US federal procurement market is massive with a value of $600 billion. We will continue to support domestic companies with proven technologies to expand into various international procurement markets, including the U.S. market."