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국내은행의 성장성과 국제화 방향(Sustainable growth and global expansion of Korean banks)

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Frame of Image 산업의 성장성, 규제체계 등 외부환경뿐만 아니라 국내은행의 자본력 및 시장안정성 등 대내적 요건도 충분 히 고려하여 이루어져야 소기의 성과를 거둘 수 있을 것이다. 이 보고서는 1990년대부터 2000년대까지 이루어진 글로벌 은행산업의 국제화 유인을 진출지역의 특성뿐만 아니라 진출기관의 특성을 동시에 고려한 실증적 분석에 의거하여 국제화의 시점과 방향에 대한 전략과 아울러 정책적 시사점을 제공하고 있다. 또한 국내은행의 성장성과 관련된 이슈를 점검함으로써 국제화 에 의한 성장기회의 확보라는 측면에서 국제화의 대내적 여건을 경영전략 및 시장 구조적 관점에서 평가하고 있다. 특히 국내은행의 적극적인 국제화 경향과 관련 하여 정책적 측면의 고려사항을 제시함으로써 정책수립에도 활용될 수 있을 것
으로 보인다. 아무쪼록 이 연구가 국내은행의 국제화에 따른 기대성과를 창출하 고 글로벌 경영에 따라 수반될 수도 있는 잠재위험을 완화하는 데 활용될 수 있 기를 기대한다. 보고서 작성을 담당한 한국금융연구원의 구본성 박사와 자료수집 및 처리를 도와준 황진훈 연구원, 이유진 연구비서의 노고에 감사한다. 그리고 주례세미나 에서 좋은 논평을 준 연구위원들과 심사과정에서 좋은 심사평과 제안을 해준 익 명의 심사자들에게도 고마움을 표시하고 싶다. 끝으로 본 보고서의 내용은 집필 자 개인의 의견이며 연구원의 공식견해가 아님을 밝혀 둔다.
2008년 8월
한국금융연구원 원장 이 동 걸
Ⅰ. 논의의 배경 ·······························1 ······························ ······························ Ⅱ. 국내 은행산업의 현황과 성장성 ····················5 ··················· ··················· 1. 경영요인 ·······························5 ······························ ······························ 2. 비경영요인 ·····························13 ···························· ···························· 3. 국제화 측면의 경영과제 ····················· 18 ····················· ····················· Ⅲ. 해외 은행산업의 국제화 유인 분석 ················· 21 ················· ················· 1. 국제화의 의미와 유형 ·······················21 ······················ ······················ 2. 기존 연구와 평가 ························· 23 ························· ························ 3. 국제화 유인에 대한 실증분석 ·················· 28 ·····

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Title 국내은행의 성장성과 국제화 방향(Sustainable growth and global expansion of Korean banks)
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Material Type Reports



서울 : 한국금융연구원

Date 2008-08
Series Title; No 금융조사보고서 / 2008-03
ISBN 89-503-0378-7 93320
Pages 81
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Financial Policy
Holding 한국금융연구원; KDI 국제정책대학원


The Korean banking industry is seeking to be "global". The globalization, or internationalization, of the Korean banking industry is one of the crucial strategic options needed in order to sustain growth and diversify earnings in response to market pressures. First, excessive asset growth in recent years driven by mortgages and SME loans in the domestic market will be more or less limited in the future unless there are significant improvements in the macroecnomic environment in Korea. Second, undiminished competition may further squeeze interest margins and fee incomes. Third, new expansion in Asian economies, including China, South Asia and even central Asia, will provide some fresh opportunities for external growth. Especially, M&As of banking services on a global scale will facilitate such movement of Korean banks.
In this regard, Korean banks need to pursue preemptive actions in preparation for overseas expansions in several ways. Above all, Korean banks require stabilized domestic operations in terms of profitability, capital cushions, and asset soundness. That is to say, Korean banks should keep asset quality more sound than ever, which may unexpectedly weaken if macroeconomic and global financial markets remain volatile and vulnerable. Also, it is crucial to maintain comparable strengths in capital bases such as BASEL requirements and Tier Ⅰ ratios. Finally, Korean banks must adapt and transform their internal management systems into global operating ones, since the process of globalization will increase the need for global expertise, risk controls, and strategic outsourcing.
Also the logit estimations using 18 countries' data for 13 years between 1993 and 2005 confirm that the leading global banks consider various factors such as macroeconomic conditions, banking industry structure, and business competitiveness when selecting target markets overseas. In selecting target markets, banks consider the profitability and macro -economic growth potentials. It is found that a stable market structure in the target market facilitates globalization of the banking industry. In 2000s the acquisition incentives in the Asian market, where there have been quite strong activities, are found to be related with profitability and dividend ratios.
Finally, the market conditions in the Korean banking industry and empirical results in the global banking industry imply that both the macro and micro environment may reduce strategic risks from the globalization of Korean banks, and that Korean banks should consider more active approaches in diversifying regional bases by considering macroeconomic linkages, high-growth countries, and adjacent markets as well. From the policy perspective, the government may help accelerate the globalization of the Korean banking industry through setting globalization policy initiatives or by allowing public funds to participate in overseas joint ventures or acquisitions with Korean banks.