Ulsan Port Authority. We will do our best to provide most efficient port services.

Ulsan Port Authority.We will do our best to provide most efficient port services.

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  • Assessment Criteria

Assessment Criteria

Evaluation Method

Apply evaluation standard of Ulsan Port Type 1 Port Hinterland Management Guidelines

The evaluation is based on the standard for 4 components (business competence, business and operation plan, social value realization, and investment and capital raise plan) with a total score of 100 points (maximum 10 additional points)
⇒ Of the companies that have earned more than 60 points, priority companies and runner-up companies are selected based on their scores received.

Data for Evaluation Method
Category Standard Assessment Items Scoring Sub-total
Total 100
Business Competence (10) Appropriateness of the composition of business 5 10
Financial validity (full score if it exceeds the industrial average ratio of the corresponding business)
  • Return on equity, debt ratio, liquidity ratio, interest coverage ratio
  • Foreign companies are subject to industrial average of Korea
 5
Business and Operation Plan (50) Total Project Plan (20) Business vision and objectives
  • Clarity and feasibility of vision and objectives
 3 20
Business expertise
  • Assessment of ownership of state-of-art logistics, certification, etc.
 3
Organization and management plan 2
Construction plan
  • Size and arrangement of facilities and construction plan that are suitable for the cargo inducement plan (early-stage construction plan, business operation timeline)
 3
Value-add creation plan (1 point (D), 2 points (C), 3 points (B), 4 points (A), 5 points (S) given according to the level of value-add created in Attachment 2) 5
Projected financial statements 2
Plan for development and operation of logistics or manufacturing systems 2
Cargo Inducement (Creation) Plan (30) Cargo size (practicality of the cargo inducement plan)
However, only cargoes with proof document may be listed, assessment based on proof document only (volume must be stated on the proof document)
* For manufacturing businesses, the plan is to bring in raw materials and take out products (including by-products) using Ulsan Port		 15 30
Business model for cargo inducement and validity (Assessment of feasibility, etc.), marketing (sales) plan
* For manufacturing businesses, appropriateness and feasibility of the plan to bring in raw materials and take out products using Ulsan Port		 10
Ratio of foreign cargo
* 1 point for more than 20%, 2 points for more than 40%, 3 points for more than 60%, 4 points for more than 80%, 5 points for 100%		 5
Social Value Realization (20) Employment (12) Job creation plan 12 12
  • Direct employment plan (qualitative assessment including concreteness and practicality of the employment plan compared to other similar businesses) and ratio of full-time employees, socially vulnerable individuals (disabled, retired individuals over 65 in age, etc.), and local hires
 7
  • Relevant industry employment ripple effect
 5
Environment (5) Plan to utilize eco-friendly energy or waste energy (energy recycling) 3 5
Eco-friendly business plan (use of eco-friendly self-power generation facilities, application of eco-friendly equipment, etc.) and energy reduction plan
* Eco-friendly equipment: Hybrid-type (petroleum + electricity), LNG fuel equipment and DPF (exhaust control device) installed load/unload and transport equipment		 2
Safety (3) Site safety management plan 3 3
  • Facility safety inspection and employee safety training plan
 2
  • Development of an emergency organizational operation plan, safety manual, and emergency contact, etc.
 1
Investment and Capital Raise Plan (20) Facility size and adequacy of investment amount
  • Facility floor area to total lease area and adequacy of total floor area
  • Adequacy of facility investment amount (logistics facilities, equipment investment, etc.) compared to facility size
 5 20
Capital raise plan (size and credibility)
  • Equity procurement adequacy (2 points for over 20%, 4 points for over 25%, 6 points for over 30%, 9 points for over 35%) (9 points)
  • Investment amount and ratio of foreign equity (3 points)
  • Certainty of external financing (3 points) (proof documents including letter of commitment)
 15
Data for Additional Points of Evaluation Method
Category Standard Assessment Items Scoring
Additional Points
(Double-counting scores for additional items can be maximum 10 points)		 Foreign investment company (including corporations to be established)
* 투Additional points per investment shares: more than 30% - less than 55% (+1), more than 50% - less than 80% (+2), more than 80% (+3)		 (+)3
Cargo generating domestic manufacturing companies (companies whose net trade volume to total sales ratio exceeds 30/100 for a year in the past 3 years from the date selected as a leasee company)
* Additional points per net trade volume: more than 30% - less than 55% (+1), more than 50% - less than 80% (+2), more than 80% (+3)		 (+)3
Companies that have signed an MOU for Ulsan Port Hinterland project with central administrative organizations, local governments or Ulsan Port Authority in the 3 years previous to the date of call for bids (+)3
Logistics or manufacturing companies (whose sales in 5 specialized industries of Ulsan to total sales ratio exceeds 10/100 for a year in the past 3 years from the date of call for bids) related to 5 specialized industries (maritime power generation plant, shipbuilding, petroleum, petrochemical (including tank terminal), and cars) of Ulsan
* Additional points per size of sales: more than 10% - less than 20% (+1), more than 20% - less than 30% (+2), more than 30% - less than 40% (+3), more than 40% - less than 50% (+4) more than 80% (+5)		 (+)5
Logistics or manufacturing companies seeking to transfer or newly establish their primary logistics center or manufacturing plant at the scale of headquarters to the Ulsan New Port Hinterland (+)5
Companies seeking to manage eco-friendly energy (LNG, bio-diesel, etc.) distribution, relevant refrigeration distribution business, and eco-friendly waste management business (+)5
Companies that seeking to manage Northeast Energy Hub support projects (petro product wholesale, oil trading, vessel fuel supply, tank maintenance and repair, etc.) (+)2
Companies that have received certification as outstanding logistics company in accordance with Article 38-1 and 38-2 of the Framework Act on Logistics Policies (+)2
Companies approved by the Director General of the Occupational Safety & Health Research Institute as an outstanding business based on risk evaluation (+)2
Businesses certified as an excellent shipping company under Article 47-2 of the Marine Transportation Act (+)2
Companies that received AEO* certification from the Commissioner of Korea Customs Service
* Authorized Economic Operator: Certified companies on trade safety management		 (+)2