• Procurement Products

Procurement Products

Korea's only procurement-registered product — a clear solution to recurring rooftop waterproofing.

Innovative Product

What is an Innovative Product?

A system that designates products as Innovative Products after deliberation on public value and innovativeness, to improve public services and drive technological innovation.

Under national contract legislation, Innovative Products are procured by end-user institutions through negotiated contracts.

Go to Innovative Product >

Innovative Product Certificate

A roofing material with enhanced durability, solidity, and appearance through the RoofGuard steel waterproofing system

ID No. :
24821405
Specifications Negotiated Contract Manual
!Significance of Designation
Public Value
  • Social benefit: a resource-recycling steel waterproofing material that does not corrode even when exposed outdoors
  • Economic benefit: long-lasting performance cuts maintenance, repair, and management costs
Innovativeness
  • Differentiated durability compared with conventional waterproofing products
  • Thermal insulation and an elegant rooftop design realized together with rooftop waterproofing

Purchase Guide for Innovative Products

  • Log in to the Innovation Marketplace
  • Search for OWELLSTEEL
  • Select a product
  • Request purchase
  • Conclude contract
See detailed purchase instructions >
! Notes for Purchasing Officers
Public institution's own budget
(negotiated contract)
  • Government Procurement Act, Article 27, and Article 33 of its Enforcement Decree
  • Enforcement Decree of the Act on Contracts to Which the State Is a Party, Article 26 (1) 5 (g)
  • Enforcement Decree of the Act on Contracts to Which a Local Government Is a Party, Article 25 (1) 8 (c) and Article 25 (1) 8 (i)
Statutory basis exempting public-institution purchasing officers from liability
  • Government Procurement Act, Article 27 (4)
    A purchasing officer of an end-user institution that buys an Innovative Product shall not be liable for losses arising from the purchase unless intent or gross negligence is proven
Reflected in institutional evaluations
  • Institutions allocate a set share of total goods purchases to Innovative Products, and actual purchase records are reflected in institutional evaluations
    • As of 2023: central ministries, local governments, and local public enterprises 1%; public institutions 2%
    • Recognized innovation purchases: Innovative Product purchases + innovation-oriented public procurement
      (R&D outcomes and demonstration expenses; lease purchases of Innovative Products among solution-contest products)
    • Government Innovation Evaluation (central ministries), Joint Evaluation of Local Governments, Management Evaluation of Public and Quasi-Governmental Institutions, Management Evaluation of Local Public Enterprises
  • For evaluation items, indicators, and measurement criteria, see each institution's evaluation plan
Award for officers of top purchasing institutions (once a year)
  • Officers of top-performing institutions among Innovative Product buyers are selected and rewarded
So your building becomes one that lasts for generations, we build with sincerity and nothing less than the highest construction quality.