Box1. Logistics Company certification in the Republic of KoreaSince 2006, logistics service providers can apply to receive the status of certified comprehensive logistics service provider. A separate global certificate has been issued since 2012.Companies are evaluated on transport, facilities and services, with transport and facilities as core businesses. To highlight the range of services, the proportion of sales generated from logistics and 3PL services are assessed. Companies are award points on their diversity in term of geographical locations and number of clients as well. Assers, sales and investment overseas are looked at to assess growth poterntial. Thes certificare also considers the availability of in-house experts and company training systems.The Korea Transport Institute has been assigned as the organization in charge of the certification systm, with operational funds from the govermment. Companies are evaluated based on the documentation provided and a site visit. Certification is renewed every two years.The incentives for companies to apply for for this certification include priority entrance to public logistics facilities and reputational benefit. Priority access to financial assistance measure is currently being considered.Source: Interview with the Korea Transport Institute.
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