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Korea - Government procurement thresholds

Korea's current monetary thresholds for government procurement covered by the Korea-Australia Free Trade Agreement, valid from 1 January 2020 until 31 December 2021, are listed below. Further details on government procurement commitments can be found in Chapter 12 and Annex 12A of KAFTA.

Section A (Central Government Entities)

 

 Procurement

WON

1. Goods and services  

200,000,000

2. Construction Services

7,800,000,000

Section B (Sub-Central Government Entities)

 

 Procurement

WON

1. Goods and services

310,000,000

2. Construction Services

23,500,000,000

Section C (Other Covered Entities)

 

  Procurement

WON

1. Goods

700,000,000

2. Construction Services

23,500,000,000

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