September 23 Public Procurement Market Report: 80 Companies with One Contract Each
The government procurement market showed a structure in which 80 companies each entered with exactly one contract.
An analysis of public procurement data reveals that a total of 80 records are spread across 80 different companies, with no concentration pattern where a single company secures multiple contracts. This indicates a market not dominated by specific large corporations, but rather one underpinned by numerous small, medium-sized, and specialized firms.
Sector Composition of the Procurement Market
Examining the companies in the data by industry reveals a remarkably broad spectrum. They include environmental firms such as Daehun Environment and Neulpoom E&C Co., Ltd., as well as forestry-related companies like Daekyung Forest Development and Forest Resource Development Ltd. — a significant number of operators handling natural environment infrastructure. The construction and design sector also stands out, with representative examples including Hanin Architects & Engineers Co., Ltd., Hanbit Engineering Architects Co., Ltd., and Eastone Engineering Co., Ltd.
Also on the list are companies handling facility maintenance, such as Samjeong Elevator Co., Ltd., and surveying and geospatial information specialists like Geumgang Geographic Information Co., Ltd. Safety and technology service providers, including Hyuksin Safety Technology Co., Ltd. and Jinwoo ATS Co., Ltd., were included as well. In the distribution and services arena, confirmed names include My Shop On Shop Co., Ltd., Wible Co., Ltd., Namdo Tourism LLC, and Kyobo Life Planet Life Insurance Co., Ltd.
In sum, the distribution spans virtually every area of public services — environment, forestry, architecture, engineering, safety, facility management, tourism, insurance, and distribution. It serves as evidence that procurement demand is not concentrated in a particular industry but dispersed across the breadth of public administration.
What the One-Company-One-Contract Structure Signifies
The most notable pattern is that the concentration level is close to zero. The fact that 80 contracts correspond precisely to 80 companies, one each, suggests that market participation was likely driven by new entrants or small-scale participants. It can be described as a structure where water keeps flowing rather than stagnating.
This dispersed structure allows for two interpretations. First, it is a positive signal that barriers to entry in the procurement market remain relatively low even for small and medium-sized enterprises. As electronic procurement systems such as Nara Market have taken root, the channels through which small specialized firms can access public demand appear to have widened. On the other hand, it also means that the sustainability of individual companies' contracts has not been verified. Whether a single participation translates into stable partnerships must be judged with follow-up data.
Market Impact and Outlook
The notable share of environment- and forestry-related companies in the sector composition does not appear unrelated to the government's green transition policies. Amid the carbon neutrality agenda, public demand is growing in forest restoration, environmental cleanup, and resource circulation, which is interpreted as having expanded procurement participation by operators in these fields.
The strong presence of architecture and engineering firms likewise reflects the steady issuance of public facility maintenance and regional infrastructure projects. The inclusion of technology service providers such as surveying and geospatial firms and safety inspectors suggests that procurement demand is shifting from the sheer volume of civil engineering and construction toward aftercare and precision services.
Going forward, the market is expected to see a continued pattern of a growing number of participating companies while individual contract sizes remain small. Whether the one-company-one-contract structure persists, or whether some firms accumulate market share through consecutive contracts, will be a key indicator to watch in future procurement data. It remains to be seen which way the market tilts — toward dispersion or concentration.
