These regulations are prescribed pursuant to paragraph 2 of Article 93.1 of the Government Procurement Act (hereinafter referred to as the “Act”).

The terms used in these regulations are defined as follows:
1. government procurement card: the credit card, debit card or stored-value card that is issued to an entity by a credit card business institution for use in payment of government procurement prices and fees.
2. electronic instrument: a proof that is provided with an electronic signature and that attests to receiving of electronic tender documentation, acquiring of tender documentation, receiving of electronic tenders, electronic bid bond certificate and electronic guarantee bond certificate, opening of tenders, awarding of tender, placing of orders, and making of payment.
3. electronic bid bond certificate: an electronic document that has been electronically signed or certified by the issuing bank to serve the purpose of a bid bond.
4. electronic guarantee bond certificate: an electronic document that has been electronically signed or certified by the issuing bank to serve the purpose of a guarantee bond

Where entities and suppliers engage in procurement by using electronic means (hereinafter referred to as “electronic procurement”), the signature or seal required by the tender documentation shall be met by using an electronic signature.

Entities and suppliers engage in electronic procurement shall file an application for a certificate with the certification authority designated by the responsible entity.

Entities and suppliers engage in electronic procurement shall use the information system designated by the responsible entity and register necessary information thereon.