The purpose of this paper is to improve a national welfare by studying and searching for a new decision making system to attract the foreign investment and by learning how to evaluate the efficient expenses via an analysis of economic reasonability an...
The purpose of this paper is to improve a national welfare by studying and searching for a new decision making system to attract the foreign investment and by learning how to evaluate the efficient expenses via an analysis of economic reasonability an insurance of investment a government support in constructing the New Ulsan Harbour.
Ulsan is an economical metropolis of Korea and produces 127 percent of Korean GNP Ulsan city Has been growing to be a main port in northeastern Asia All of Ulsan citizen eagerly hope the city to constructing the New Harbour of Ulsan Polt Constructing the new harbor is an essential task in developing Ulsan city as a global city.
Now I regret that constructing the New Harbour of Ulsan Port is not included in one of the Government’s New Harbour Construction Projects. Instead Ulsan Port would be a Chemical Hub-Port rather than a container terminal port.
I have studied the means and methods of attracting foreign investments by analyzing the New Harbour Plan of Ulsan port, national regulations and investment situation.
The study provides the method to attract the foreign investment through the analysis of first expected profit.
Especially we can make positive earnings by attracting the investment based on the general investor by following the government.
① Total 6 piers (wharf length : 1,260mtr)
② Total expenses : KR\195,700,000,000(won)
③ Free of charge for investor for 50years.
④ The rate of fixed profit : 8.90%
⑤ Supporting the investors by KR\34,000,000,000(won) under the condition of port charge KR\79,000/TEU
Also the government should insure the management profit 90%(1∼5years), 85%(6∼10years), 80%(11∼15years) etc for investor and the management company should take the responsibility of 50% income.
In conclusion the government should also be changed from the role of supervisor to the role of manager and make a decision based on the analysis of expected expenses utility expected profit etc.