YONHAP reported the Korea Procurement Service said on the 28th it will extend procurement stabilization measures for goods affected by prolonged high oil prices, originally due to expire at month-end, through the end of the year. The measures target oil-sensitive asphalt concrete and volume-based municipal trash bags; they suspend second-stage competitive bidding among multiple suppliers to accelerate supply and relax price-adjustment rules so vendors can pass through raw-material cost increases

2026-09-28

YONHAP reported the Korea Procurement Service said on the 28th it will extend procurement stabilization measures for goods affected by prolonged high oil prices, originally due to expire at month-end, through the end of the year. The measures target oil-sensitive asphalt concrete and volume-based municipal trash bags; they suspend second-stage competitive bidding among multiple suppliers to accelerate supply and relax price-adjustment rules so vendors can pass through raw-material cost increases. The measures were first introduced in March in response to sustained high oil prices caused by the Middle East war.

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