콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Financial Policy
Economy Trade

Print

A thought on Korea-China financial cooperation

Related Document
Frame of Image
  • A thought on Korea-China financial cooperation
  • An, Yuhua
  • Korea Capital Market Institute


link
Title A thought on Korea-China financial cooperation
Similar Titles
Material Type Reports
Author(English)

An, Yuhua

Publisher

[Seoul]:Korea Capital Market Institute

Date 2013-10
Series Title; No Capital Market Opinion
Pages 10
Subject Country China(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Economy < Trade
Holding KCMI

Abstract

Cooperation in the real economy, e.g., bilateral trade and investments, between Korea and China has thus far progressed substantially. But financial cooperation has been unsatisfactory as the two often turned to other developed nations, such as the US and European countries. As a result, a serious imbalance exists between economic and financial integration between the two nations. Currently, Korea and China are negotiating the free trade agreement (FTA), and they should capitalize on the FTA as an opportunity to advance the financial industry to a higher level, meaning a greater degree of liberalization and international compatibility, rather than opening the financial market for limited services. For this, the two sides should think outside the box and devise clear objectives, areas, and action plans. More specifically, the goal of financial cooperation should go beyond jointly responding to financial crises. (The rest omitted)