./.RESTRICTEDWORLD TRADE
ORGANIZATIONGPA/W/81
11 February 1999
(99-0536)
Committee on Government Procurement Original:  English
THE THRESHOLDS IN APPENDIX I OF THE AGREEMENT AS EXPRESSED
IN NATIONAL CURRENCIES FOR 1999/2000
KOREA
In pursuance of the agreed procedures (GPA/1 , Annex 3), delegations have been invited to
notify their respective national thresholds for the period 1999-2000.
The information notified by Korea is reproduced below.  Other submissions will be compiled
in addenda to this document.
_______________
THRESHOLD FIGURE IN NATIONAL CURRENCY (WON)
1. Result of classification
Classification Threshold Value
(SDR)Threshold Value in
National Currency
(WON)
Entities in Annex 1 Supplies and services 130,000 200,000,000
Construction services 5,000,000 7,800,000,000
Entities in Annex 2 Supplies and services 200,000 310,000,000
Construction services 15,000,000 23,400,000,000
Entities in Annex 3 Supplies 450,000 700,000,000
Construction services 15,000,000 23,400,000,000
2. Method of calculation
It is the average of the monthly rate of the national currency in terms of the SDR over the
two-year period from November 1996 to October 1998.  The conversion rates published by the IMF in
its monthly "International Fiscal Statistics" were used for this calculation.  An example of thiscalculation is to be found below.GPA/W/81
Page 2
3. Example of calculation
Time Exchange rate
(Unit:  WON/SDR)Time Exchange rate
(Unit:  WON/SDR)
November 1996 1,197.16 November 1997 1,584.91
December 1996 1,213.93 December 1997 2,286.98
January 1997 1,201.22 January 1998 2,051.67
February 1997 1,196.45 February 1998 2,204.93
March 1997 1,244.18 March 1998 1,847.54
April 1997 1,218.19 April 1998 1,799.14
May 1997 1,241.20 May 1998 1,878.85
June 1997 1,232.81 June 1998 1,828.20
July 1997 1,211.89 July 1998 1,635.27
August 1997 1,229.95 August 1998 1,812.00
September 1997 1,248.89 September 1998 1,883.65
October 1997 1,335.33 October 1998 1,857.61
- The exchange rates are quoted from the IFS.  It is the rate at the end of each month.
- Example of calculation:
- The average exchange rate of won in terms of SDR
37,441.95 won/24 months = 1,560.08 won130,000 (SDR) * 1,560.08 won = 202,810,400 won
- The final conversion rate:  200,000,000 won
(*The figures under one million won are deleted for simplicity of implementation.)
__________