한ᆞ중 증권감독의 비교연구 : 체계와 제도를 중심으로 Focusing on System and Institutions

구기보 ( Ki Bo Ku ) 현대중국학회 2003 現代中國硏究 Vol.5 No.2

한국의 대중국 무역수지 악화 요인에 관한 연구

구기보 ( Ki-bo Ku ),홍기석 ( Ki-suk Hong ) 한중사회과학학회 2023 한중사회과학연구 Vol.21 No.3

The deterioration of Korea's trade balance with China is a major cause of Korea's overall trade deficit. This paper aims to examine the causes of the deterioration of Korea's trade balance with China and derive countermeasures by analyzing the recent characteristic changes in Korea-China trade. The temporary factor in deteriorating Korea's trade balance with China is a problem that can be resolved in a relatively short period of time. It can be said that the improvement of South Korea's trade balance with China depends on how it responds to structural problems. First, it is necessary to continue to expand investments aimed at developing China's domestic market. In this process, exports of Korean intermediate goods to China will naturally increase. Second, it is important to find suitable investment items for the Chinese market, such as semiconductors. China is losing its competitiveness in labor-intensive manufacturing, but has improved its competitiveness in high-tech manufacturing such as displays, secondary batteries, and electric vehicles. Third, Korea needs to develop differentiated materials and parts, taking into consideration the fact that it has replaced a considerable portion of imported goods with Chinese products in the fields of materials and parts. Fourth, companies that previously pioneered the Chinese market with cost-effectiveness strategies will need to boldly compete with premium strategies and differentiation strategies. Lastly, if Korean companies are harmed by the political conflict between Korea and China, they will have to make more efforts to improve the quality of their products and services.

중국 진출 우리나라 금융기관의 녹색금융 진출에 관한 연구

구기보 ( Ki Bo Ku ),황원일 ( Won Il Hwang ) 한중사회과학학회 2011 한중사회과학연구 Vol.9 No.3

This paper intends to propose implications for Korean financial institutions by analyzing green finance of China. First, green finance of China has been growing rapidly since it began in 1997. Second, green finance of China is on the rapid growth, but it not so much compared with other works. Third, green finance of China began with many kinds of fields, including green loan, green insurance, and green securities, but it has been developing on a main basis of green loan. Fourth, green finance of China is developing by government-led and financial institutions` following model, not by financial institutions theirselves. Fifth, it is recognized that the green finance of Chinese banks make contributions to their benefit and society. Finally, green finance of China has great potentiality but it is uncertain when the market will be formed to a degree. It is necessary that Korean financial institutions in China should perform the following strategies in order to succeed in green finance of China. SO strategies are as follows: 1) Understanding the policy of the Chinese government toward green finance and analyzing the green industry, 2) Entry into the green finance market by merging local financial institutions, 3) Enlarging the portfolio of green finance, 4) Enhancing the system of green enterprises, etc. WT strategies are as follows: 1) Marketing in the niche market rather than in the main market in terms of areas, 2) Focusing on prominent fields rather than on overall fields, 3) Focusing on potential green enterprises rather than large-scale green enterprises, 4) Enhancing the level of service toward green enterprises, 5) Forming the image as ``Social Enterprises``, etc.

중국 상장기업의 비유통주 개혁에 따른 주식시장의 반응

구기보 ( Ki Bo Ku ) 현대중국학회 2011 現代中國硏究 Vol.13 No.1

본 논문은 비유통주 개혁이 지난 10년간 지속되어 오면서 중국의 주식시장과 중국경제에 어떤 변화를 가져다주고 있는지 분석하고자 한다. 중국 상장기업의 비유통주 개혁은 지난 10여 년간 중국 주식시장에 상당한 영향을 미쳐 왔다. 단계별로 보면 비유통주 개혁이 비유통주의 유통주 전환 → 보호예수기간 설정 → 보호예수기간 해제 → 보호예수 해제 후 매매 등 단계를 거쳐 진행되고 있다. 한편 비유통주 개혁이 법적으로 대부분 완료되었다고 하지만 현실적으로는 여전히 완결되지 않고 미진한 부분이 남아 있다. 국유기업의 비유통주가 유통주로 된 후에도 여전히 국가가 대주주로 남아있는 것이 대표적인 예이다. 비유통주 개혁이 완료된 후에도 여전히 해결해야 할 과제를 검토하면 주로 다음과 같다. 우선 비유통주 개혁으로 인해 국유기업의 신뢰가 제고되었다고 보기 어려운 면이 존재한다. 다음으로 비유통주 개혁이 법적으로 대부분 완결되었다 할지라도 실질적으로 비유통주 개혁의 후광은 여전히 남아 있다고 보는 것이 타당할 것이다. 마지막으로 비유통주 개혁은 단순히 과거의 일로 끝나는 것이 아니라 향후 상당 기간 지속적으로 주식시장에 영향을 미칠 전망이다. This paper focuses on analyzing the results that untradable stocks` reform has brought in stock market of China for the past 10 years. The untradable stocks` reform of listed companies has had a considerable effect on stock market in China for 10 years. The untradable stocks` reform has been performed stage by stage: 1) Untradable stocks are converted into tradable stocks. 2) The trade of untradable stocks is constraint temporarily. 3) Untradable stocks are released. 4) The trade is peformed after the release of temporary constraint. And then, untradable stocks` reform is completed by law, but the reform is not completed substantially. For example, the nation still remains major share-holder of state-owned companies even after untradable stocks are switched over tradable stocks. There still remains the following issues to review after the completion of untradable stocks` reform. First, it is difficult to say that untradable stocks` reform has enhanced the confidence of state-owned companies. And then, untradable stocks` reform still affects stock market in substance after the reform is completed legally. Finally, untradable stocks` reform will affect stock market in the future, not just in the past.

중국 정부의 과학기술재정 지원과 중국 기업의 과학기술금융에 대한 분석

구기보 ( Ki Bo Ku ),황원일 ( Won Il Huang ) 한중사회과학학회 2014 한중사회과학연구 Vol.12 No.4

This paper focuses on Chinese science and technology companies’ financing through the two channels including science and technology public finance of the government and science and technology finance of the private sector. Chinese science and technology companies are supplied with needed capital through science and technology public finance and science and technology finance. The ratio of Chinese science and technology public finance has not been much different, but the scale has been enlarged as public finance expenditure becomes bigger. Nevertheless, the distribution of science and technology public finance has structural problems and various companies cannot receive the money. In other words, science and technology public finance is mainly distributed to big and state-owned companies, but it is difficult for small and medium size companies get the public finance. The enterprises that get little favors of science and technology public finance have mainly been supplied with science and technology finance. Science and technology is classified as bank loans and capital market financing, as for China, banks that have absolute ratio of market shares are unwilling to give loans to science and technology enterprises. Even though banks give loans to science and technology enterprises, they are inclined to give loans to enterprises that develop technology and gain profits. As for capital, the ratio of traditional enterprises is high on the whole. The small and medium enterprise market and Chinext market is growing very fast in recent years. In order to facilitate money supply for science and technology enterprises, the Chinese government has built the system that assesses the value of science and technology enterprises and has induced financial companies to develop financial goods to reduce the risk of themselves. The government has induced financial companies including banks, insurance companies and securities companies to cooperate with various intermediary companies and produce financial goods.

중국 보험시장의 제도적 장벽과 우리나라의 대응방안 -기업 진출 사례를 중심으로-

구기보 ( Ki Bo Ku ) 한국외국어대학교 중국연구소 2013 中國硏究 Vol.58 No.-

It has been estimated that the insurance company of China is open relatively widely among financial markets, since China`s entry into the WTO. China has not only current big insurance market but also big potential market. Korean insurances should consider the following strategies when they intend to enter the insurance market in China. First, Korean life insurance companies should expand investment in establishing joint venture companies. And the company that has established a local subsidiary should expand its branches. Second, Korean property insurance companies have established their local subsidiaries, so they should focus on expanding their branches. Third, Korean property insurance companies should be ready to acquire shares among Chinese property insurance companies. It is necessary that Korean companies acquire shares in Chinese companies and create a synergy effect. Fourth, Korean insurance companies should make preparations for the additional opening of Chinese insurance market. Finally, Korean insurance companies should establish the long-term strategies to attract local customers. Therefore, they should fuel growth engines by building cooperation mechanism.

중국의 통화정책과 물가수준, 환율의 상호작용에 대한 연구

구기보 ( Ki Bo Ku ) 현대중국학회 2015 現代中國硏究 Vol.16 No.2

본 논문은 폴 크루그먼(P. Krugman)의 삼원(三元)의 딜레마(Triangle Dilemma)를 이용하여 중국 정부의 외환시장 개입에 따른 환율, 통화정책, 물가수준 등의 관계를 분석하였다. 외환의 유입은 위안화 환율 절상 압력으로 작용하며, 위안화 환율 절상을 완화하기 위해서는 외환당국이 외환시장에 개입하여 외환을 매입할 수밖에 없다. 그러나 불황인 상황에서 외환당국의 외환시장 개입을 통한 외환 매입은 경기회복에 긍정적으로 작용할 수 있다. 상대적인 저성장 상황에서 중국 외환당국의 외환시장 개입은 위안화 환율 안정과 물가상승을 통한 경기부양이라는 두 마리의 토끼를 잡는 효과를 거둘 수 있다. 따라서 중국 정부는 고성장으로 인한 인플레이션의 문제가 부각되기 전까지는 외환시장 개입을 통해 위안화 환율을 안정시키는 정책을 추진할 전망된다. 향후 상당기간 급격한 위안화 환율 절상을 기대하기 어려운 상황에서 우리나라 기업은 기술격차를 빠른 속도로 좁혀오는 중국의 기업과 경쟁을 해야 한다. 우리나라 기업은 가격경쟁력을 제고하기 위해 2014년 11월 실질 타결된 FTA를 적극 활용해야 할 것이다. 중국에 진출한 한국계 기업은 한국에서 원부자재나 반제품을 수입한 후 중국에서 완제품을 만드는 경우 생산비를 절감할 수 있다. 또한 우리나라에 소재한 기업은 중국에서 원부자재를 수입하여 미국이나 유럽에 수출함으로써 이중으로 관세혜택을 입을 수 있다. This paper focused on analyzing the relations of exchange rate, monetary policy, and price level that the Chinese government intervention into a foreign exchange market have brought about by using P. Krugman’s Triangle Dilemma theorem. The inflows of foreign exchange lead to the pressure of the exchange rate appreciation and the foreign exchange authorities cannot but intervene in foreign exchange market and buy foreign exchange to release the appreciation of the Chinese yuan exchange rate. But, it can be profitable to an economic recovery that the foreign exchange authorities intervene in foreign exchange market and buy foreign exchange in the depressed state. China has been in relatively low economic growth in recent years compared with that of the past. Therefore, the Chinese foreign exchange authorities’ intervention into foreign exchange market can enable two goals of Chinese yuan exchange rate stability and business recovery through rise in price. Accordingly, it is expected that the Chinese government will continue to intervene in foreign exchange market and stabilize the exchange rate of the Chinese yuan. It is difficult to expect the rapid exchange rate fluctuations of the Chinese yuan in the near future. Under the circumstance, Korean companies have to compete with Chinese companies that narrow a technological gap rapidly. Korean companies should make the best of Korea-China FTA to enhance the competition power. Korean capital companies that invest in China can reduce production cost in case they import subsidiary materials from Korea and make complete products in China. And the companies in Korea can get double customs benefit by importing materials from China and exporting to other countries like the U.S.A or EU.

사회과학 : 중국 부동산시장의 성장과 부동산금융의 수요실태

구기보 ( Ki Bo Ku ) 한국외국어대학교 외국학종합연구센타 중국연구소 2005 中國硏究 Vol.35 No.-

경제학 : 21세기 중국 자본시장의 구조변화와 적격 역외기관 투자가 제도

구기보 ( Ki Bo Ku ) 중국학연구회 2004 중국학연구 Vol.- No.28

중국 은행산업의 소매금융에 관한 연구

구기보 ( Ki Bo Ku ) 한중사회과학학회 2004 한중사회과학연구 Vol.4 No.-

隨着中央政府和地方政府的積極支持,中國的信用卞産業擺脫以四大國有商業銀行爲中心的壟斷局面,進入多種商業銀行參與的新階段。不過四大國有商業銀行仍占흔大的比重,從內容上看,還難以說完全擺脫壟斷局面。爲了構建充分競爭體制,需要提高四大國有商業銀行以外的商業銀行比重。除了信用잡産業以外,住房金融在中國銀行業的增長和國民經濟的增長起到흔大的作用。目前,商業銀行的貸款在個人住房金融中占絶對的優勢。以后,信用잡和住房金融的問題需要從整個國民經濟的觀点分析。