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Strategic renovation of long-term export credit management system in Korea

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Frame of Image inistration 1999
Professor Seung-Joo Lee
2
ABSTRACT
STRATEGIC RENOVATION OF LONG-TERM EXPORT CREDIT MANAGEMENT SYSTEM IN KOREA
By Gilsang Woo
Competition among Export Credit Agencies (ECAs) in industrialized countries is becoming more severe as trade war, credit competition and the global integration of the capital markets are accelerating. At the same time, most ECAs are confronted with a rapidly increasing demand for financing from developing countries that driving forward to economic development by external financing. Certainly, developing countries could induce foreign direct loan, however, their weakening credibility and heavy external debt burden deterred them from getting new capital. In this sense, long-term export credit gives merits not only to the capital goods exporting countries but also to capital goods importing countries. There is a recent tendency that the volume and price of one unit of capital goods such as industrial plants, ships, power generators, communication systems and airplanes are growing larger. Also, because obtainability of long-term export credit and it’s terms and conditions are critical to winning an international bid, most countries are, as a matter of course, willing to promote their export of capital goods for their continuous economic development. While the country risk of importers are greater than ever before due to the financial crisis, ECAs’ business environment has become more harsh. ECAs should manage their risks abroad more effecti


Full Text
Title Strategic renovation of long-term export credit management system in Korea
Similar Titles
Material Type Articles
Author(English)

Woo, Gilsang

Publisher

[Seoul]:KDI School of Public Policy and Global Management

Date 1999
Pages 59
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI School of Public Policy and Management

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Thesis(Master)