研究者所属(当時) | 資格 | 氏名 | |
---|---|---|---|
(代表者) | 商学学術院 商学部 | 講師 | 任 素英 |
- 研究成果概要
International trade is a major factor in development of a nation’s economy, particularly in countries such as Japan and South Korea which lack in natural resources. Furthermore, growth in international trade enhances the production and employment of domestic companies. Crossing over national borders, international trade goes with political, economic, social, legal, cultural, and currency differences implying various risks. Therefore, risk management is so crucial in promoting international trade that much development should be followed on it with technological or social development. Trade insurance is a representative risk management technique along with ocean marine insurance and letter of credit(L/C). Most of countries has been operating trade insurance by export credit agency(ECAs), which is established and operated with government support. Trade insurance covers both credit risk(insolvency of buyer, bankruptcy, defaults, etc.) and country risk(war, terrorism, riots, revolution, etc.) during international trade transactions. Trade insurance is a special system to improve export competitiveness of domestic companies and induce domestic economic growth, to support for high-risk export transactions and to support external transactions in emerging markets with high country risk. In Japan and South Korea, government-affiliated organizations NEXI and K-Sure operate trade insurance. Especially, trade insurance system in Japan and South Korea shows similarities regarding system structure. NEXI and South Korea operates trade insurance in two parts ; short-term trade insurance / mid and long-term trade insurance. In case of NEXI, insurance coverage rate is different based on the type of risk(credit / country). However, in case of K-Sure, insurance coverage rate is different based on the size of the companies. NEXI has been actively operating reinsurance and overseas fronting business with foreign ECA, Japanese non-life insurers and European and U.S. private insurers. On the other hand, the percentage of reinsurance of K-Sure is less that 0.1% and insurance business of K-Sure is too much focuses on short-term insurance(99.1%). In terms of digitalization, K-Sure launched fintech business department in 2020 and hired Robotic Process Automation(RPA) robot employees for simple repetitive automation work. Also, K-Sure introduced non-contract trade insurance platform and mobile direct guarantee and insurance product since 2021. The stage of digitalization of K-sure seems to be fast and active than NEXI.