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 |