International Office

The State of Arkansas, through the Arkansas Economic Development Commission (AEDC), is seeking a contractor to establish and manage an International Office in Korea with the objective of attracting more Korean businesses to Arkansas. The contract requires the successful contractor to maintain an office in Seoul, provide monthly and quarterly reports, and plan and support high-level trade missions. Key qualifications include at least 5 years of experience providing similar services to another U.S. state in Korea, fluency in English and Korean, and knowledge of corporate site selection and foreign direct investment. The initial contract term is 4 years, with options to renew for up to 3 additional 1-year terms. Proposals will be evaluated based on technical factors and cost, with the possibility of discussions with the highest-ranked offeror(s) prior to award.

The contract is subject to state laws regarding the use of minority and women-owned businesses, as well as restrictions on doing business with companies that boycott Israel, employ illegal immigrants, or have ties to certain industries. The funding sources may include state general revenue, special revenue, federal funds, or other public funds, but the exact budget range is not specified. The state may order more or less than the estimated quantities, and the pricing must be proposed in U.S. dollars. The current incumbent, if any, is not mentioned in the provided documents.