전략물자 수출통제 제도의 리스크 관리를 위한 수출보험 활용방안

장동한(Dong Han Chang),도광호(Kwang Ho Dho),서유경(Yu Kyoung Seo) 건국대학교 경제경영연구소 2007 商經硏究 Vol.32 No.1

The export control of strategic items(ECSI) is the international export control system for businesses involved in trading items of possible use for military purpose and they are required to abide by its regulation for global peace and security. The significance of ECSI is so great to South Korea who is in special relationship with North Korea, one of the notorious terrorist regimes in the world. The purpose of this study is to review the ECSI with respect to its history, current condition, and its problems and to propose to use export insurance as risk management for ECSI. Problems of current ECSI include limitations in credit survey of foreign importers, extra expenses incurred to domestic business, possibly severe penalty imposed on accused business, delay in claim settlements and so on. These problems and costs can be efficiently managed by export insurance that can provide good information and utilize total risk management for exporters.

대한민국 경제의 지속가능성장을 위한 통합리스크관리의 역할

장동한(Dong Han Chang),Dennis S. Cervantes 건국대학교 경제경영연구소 2012 商經硏究 Vol.37 No.1

위험 요소를 구체적으로 파악하고 손실 발생 가능성과 예상손실을 면밀히 분석하여 그 상황에 최적인 사전 예방 및 사후 관리 수단을 모색하여 실행하고 점검하고 개선하는 일련의 의사결정 과정을 리스크관리라 한다. 우리 사회 성장에 불가피하게 수반되는 여러 리스크들을 사전 사후에 체계적으로 관리하고 발생 손실을 최소화함으로써 안정 속의 성장을 도모하는 시스템이다. 우리는 성장해야 한다. 개인도 가정도 성장해야 하고 우리가 속해 있는 조직도 성장해야 한다. 우리 조국 대한민국도 성장해야 하는데 그것도 지속적으로 성장해야 한다. 경제적 성과를 기반으로 환경도 보전하며 장기적으로 다 같이 잘 먹고 잘 살아야 한다. 이런 지속가능성장이 우리 사회의 비전이라고 할 수 있는데 비전을 구현하기 위해서는 구체적이고 현실적인 전략이 필요하다. 지속성장 비전을 위한 핵심 전략의 하나가 바로 리스크관리인데 안정적인 성장을 위해 서는 필수 전략이다. 급속한 고령화와 노후 불안, 구제역 사태, 환경 파괴와 자연재해, 테러리즘, 글로벌 금융위기, 연평도 사태와 북핵 위협 등 인적 리스크, 재물 리스크, 배상책임 리스크, 재무 리스크, 신용 리스크, 정치적 리스크가 우리 사회가 직면하고 있는 리스크들의 대표적인 유형인데 이들은 또 이래 저래 서로 얽혀 있다. 이런 상황에서 각 리스크를 개별적으로 관리하는 기존의 리스크관리 시스템은 한계가 있을 수밖에없고 효율적이지 못하다. 그래서 오늘날의 리스크관리는 통합적이고도 체계적인 리스크관리가 되어야 마땅한데 우리는 이의 중요성을 잘 이해하여야 하고 리스크관리 인프라 투자에 힘써야 한다. 우선, 적극적인 홍보를 통하여 리스크관리의 중요성에 대한 우리 사회 전반의 인식을 높여야 하겠다. 리스크관리 전문인력 양성을 위한 교육투자에도 비상한 관심을 가져야 할 것이며, 통합 리스크관리 서비스를 제공해 줄 수 있는 관련 비즈니스 발전에도 적극 힘써야 할 것이다. Individuals, businesses, and nations are growing. As our society grows we have more uncertainties as well. Natural and man-made catastrophes, terrorism and war, a widening gap between the haves and have-nots, immoralities and family breakdown, severe competition and unemployment, GMO threats, critically terrible viruses and so on. We are having more and more to worry about as we have more to use and more to eat. Out of many possible reasons, it is mainly due to a lack of risk management infrastructure in our society. It includes shaky systems of social security, financial regulation, crisis management and others. Risk management is the series of decision-making processes of planning, organizing, implementing, and controlling activities and resources of an organization to minimize the adverse effects of fortuitous events at a minimum cost to individuals, families, and private or public entities. We have to grow. Individuals, businesses, and organizations we belong to must develop also. Korea is seeking sustainable growth and, beyond economic growth, we have to preserve the environment and grow together in the longer term. In order to achieve sustainable growth, which is the vision of the Korean economy, we need to set up specific and realistic strategies. A core strategy of sustainable growth is risk management and it is a must for growth with stability. An accelerated aging society, potential foot and mouth disease disasters, environmental destruction and natural catastrophes, the global economic crisis, terrorism and the Jasmine Revolution, and the threat of North Korean nuclear arms development, personal and property risks, liability risks, financial risks, credit risks, political risks are major types of risks we are facing today. And they are closely interrelated so that managing these risks individually is not good at all and this is why the current risk management system including insurance is improper and not very efficient. Today’s risk management has to be an integrated one and we need to invest for building up risk management infrastructure in an integrated way. First, reinforcement and cultivation of risk management professionals are absolutely required. Since integrated risk management addresses financial risks and credit risks, besides insurance, securing risk management professionals is definitely important. Also, since constructing an integrated risk management system is absolutely required, we have to promote relevant industries which can provide well-managed risk management services in an integrated way.

논문 : 산재보험 업종분류체계 개선방안에 관한 연구

장동한 ( Dong Han Chang ) 한국보험학회 2006 保險學會誌 Vol.74 No.-

무역보험 비즈니스의 지속가능경영에 관한 연구 : 신용리스크 관리를 중심으로

장동한(Dong-Han Chang),박종현(Jong-Hyun Park) 한국무역연구원 2017 무역연구 Vol.13 No.5

This study focuses on credit risk management related to trade finance with various trade risks in accordance with the rapid change of global trade business environment. In this paper, we propose the conduct of a stress test analyzing the crisis situation, and trade insurance credit risk management in addition to the sustainability business strategy of Korea Trade Corporation, which is responsible for trade insurance and trade finance in Korea. First, financial institution and K-Sure should expand trade finance information sharing. Second, credit risk management model using stress tests should be developed. Third, the trade insurance fund should be strengthened. Fourth, the total amount of trade insurance risk should be changed to a capital adequacy discipline system. Finally, export banks and K-Sure should seek to unify their policies. Therefore, stress test model should be established to strengthen credit risk management in trade insurance.

농작물재해보험 제도의 개선방안에 관한 연구

장동한(Dong Han Chang),유광현(Kwang Hyun Yu) 건국대학교 경제경영연구소 2004 商經硏究 Vol.29 No.1

The Korean Crop Insurance, despite its good contribution to the security of Korean farm businesses since its introduction in 2001, faces the real difficulty of financial sustainability out of huge typhoon losses during the past couple of years in Korea without a good backup of reinsurance. This study pointed out several problems of the current system such as poor reinsurance performance, no government reinsurance, moral hazard and adverse selection in crop insurance. It also suggests many reform actions including government reinsurance, proper rate increase, introduction of experience rating and liability cap, and expansion of covered agricultural products.

중소수출기업의 전사적 리스크관리를 위한 수출보험의 역할에 관한 연구

장동한(Chang, Dong Han),유광현(Yu, Kwang Hyun) 한국무역상무학회 2011 貿易商務硏究 Vol.49 No.-

With the fast growing of international trade and ever-changing trade environment Korea is facing more risks in international trade and they are getting more diverse and happen more frequent with high severity. Big firms of international trade are ready and treat the risks quite well, but small and medium size firms have hard time to manage the risks due to their poor understanding, not much capital to spend, and weak skills of risk management. Holding significant size of international trade of Korea, the small and medium size firms need systematic and integrated risk management and the K-sure(former Korea Export Insurance) can make a significant contribution to help them manage risks in international trade business. This study is proposing the adoption of ERM(Enterprise Risk Management) for international trade business of Korea. Especially for small and medium size firms of international trade, the K-sure may set up integrated risk management system to help them and promote the exportgrowth, which is a great mission of K-sure.

보증옵션(Guarantee Option)의 활용을 통한 변액연금시장의 발전방안

장동한(Dong Han Chang),서유경(Yu Kyoung Seo) 건국대학교 경제경영연구소 2009 商經硏究 Vol.34 No.1

Korea is facing the serious problem of aging population. Korea’s rapid growth and industrialization increase the need for financial planning and retirement and pension plans have been acknowledged as critical for financial planning. This study analyzes solutions for potential problems of Korean national pension and occupational pension plan. Annuity market is growing rapidly and insurers have developed products that meet retiree’s demands more effectively. One of the most popular products is Variable Annuity(VA), a unit-linked product commonly sold with a guarantee. Out of VA products, a guaranteed minimum death benefit(GMDB) was introduced first. Since the late 1990s, US insurers have enhanced VA products by offering guaranteed living benefit(GLB). Main types of GLB include Guaranteed Minimum Accumulation Benefit(GMAB), Guaranteed Minimum Income Benefit(GMIB), Guaranteed Minimum Withdrawal Benefit(GMWB), and Guaranteed Lifetime Withdrawal Benefit(GLWB). For Guaranteed Minimum Withdrawal Benefit(GMWB), specified amount is guaranteed for withdrawals during the contract period as long as both withdrawal amount and the total amount that is withdrawn over the policy period stay within certain limits. VA’s guarantee options, especially GMWB, have proven popular. VAs have been one of the fastest growing retirement products in the US and its sales in Japan have increased dramatically. Similar products are being launched in Korea and GMWB would be good for insurers and retiring insureds. More competitive product development and improvements of market practice are necessary for successful GMWB market in Korea.

우리나라 보험비즈니스의 지속가능경영을 위한 통합리스크관리

장동한(CHANG Dong Han) 건국대학교 경제경영연구소 2011 商經硏究 Vol.36 No.2

침체와 도약의 기로에 서 있는 한국 보험업계는 사회적 책임과 윤리경영을 강조하는 지속가능경영에 힘써야 할 것이다. 지속가능성장이라고 하는 큰 vision을 구현하기 위하여 보험비즈니스는 경제적 수익성, 환경친화성, 사회적 책임성을 균형 있게 조화하여 장기적인 성장을 추구하여야 할 것인데 여기서 지속가능경영의 세부 전략 중 하나인 리스크관리의 중요성이 매우 크다. 오늘날 리스크관리는 그 중요성이 날로 더해 가고 있다. 정보 통신혁명 등 과학 기술의 발달, 금융시장의 변화, 재해사고의 빈발, 경영활동의 세계화 등 기업을 둘러 싼 리스크가 날이 갈수록 복잡 다양화 되어가고 있다. 급변하는 경영리스크 환경에 처하여 기업들에게는 체계적인 리스크관리가 절실하게 요구되는바 향후의 리스크관리는 과거와 같은 보험 위주의 리스크관리에서 벗어나 통합리스크관리(Integrated Risk Management)의 추세가 될 것으로 예상된다. 부보리스크, 재무리스크, 신용리스크, 비상리스크 등을 포괄적으로 통합 관리하는 노력이 필요한 것이다. 이제 기업에게 있어 리스크관리는 과거의 소극적이었던 손실 예방 및 손실 감소 차원의 기능에서 한 단계발전하여 중장기적인 이익 창출의 적극적인 기능으로서 인식되고 있다. 신 성장 동력을 모색하고 있는 한국 보험업계는 발전의 지향점을 지속가능 성장에 두고 리스크관리 역량을 공고히 하고 통합리스크관리 서비스 제공에 힘써야 하겠다. The environments surrounding the insurance business have been volatile. The public s negative outlook on the insurance business has mainly emanated from AIG’s troubles during the global financial crisis, will not be easy to get over. The significance of risk management is getting higher in the turmoil of financial markets due to global financial crisis. Ever rising interests in risk management such as ERM(Enterprise Risk Management) and the risk based financial supervision system can be an invaluable opportunity for the insurance industry, whose main function is risk management basically, for its future market as well as its survival strategy. The Korean insurance business which is at the turning point of growth and setback has to strive for sustainable management emphasizing social responsibility and business ethics. To achieve the vision of sustainable growth the Korean insurance business needs to seek for longer term growth with balanced strategies of economic profitability, environmental soundness, social responsibility and the role of risk management may be the most significant.

산재보험 사업종류의 분리,통합기준에 관한 연구

장동한 ( Dong Han Chang ) 한국보험학회 2010 保險學會誌 Vol.85 No.-

신바젤협약의 경기순응성과 우리나라 예금보험제도의 대응방안

장동한 ( Dong Han Chang ),최필선 ( Pil Sun Choi ) 韓國保險學會 2008 保險學會誌 Vol.80 No.-