Guides · South Korea
Bidding on tenders in South Korea.
How public procurement works in South Korea — registration, eligibility, bid security and submission — checked against the official rules.
Bidding
How to bid for government contracts in South Korea
How South Korean government procurement works in 2026: the Public Procurement Service and the next-generation KONEPS (Nara Marketplace), international-bidding thresholds for 2025–2026, competitive bidding, qualification review and comprehensive evaluation, foreign-supplier registration, bonds, objections, five-day payment, and what Indian companies can expect.
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How to register on KONEPS and bid for Korean government tenders as a foreign company
How an overseas company registers on KONEPS (나라장터) as a 국외소재업체 in 2026, and bids in the Public Procurement Service's foreign-procurement (외자) tenders: the one registration document, Korean translation and notarisation, the deadline before each bid, the smartphone identity check on next-generation KONEPS and the postal or agent fallback, Korean agents and the bidder–supplier structure, 40-day notices, Incoterms, 5% bid and 10% performance bonds, payment by letter of credit, and what's closed to foreign firms.
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Korean government procurement glossary: 공공조달 terms explained in English
Plain-English definitions of the Korean terms you meet in government tenders in 2026: 공공조달, 조달청 (PPS), 나라장터 (KONEPS), 국가계약법, 일반경쟁입찰, 제한경쟁, 지명경쟁, 수의계약, 적격심사, 종합심사낙찰제, 협상에 의한 계약, 다수공급자계약 (MAS), 국외소재업체, 입찰보증금, 계약보증금, 공동수급, 지역의무공동도급, 이의신청, 물가변동 and more.
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