초록 열기/닫기 버튼
In OECD countries, private insurers provide 95% of short-term export insurance. Korea opened its short-term export insurance market to private insurers in 2013. However, the opening was a highly controversial issue in Korea. Some welcomed the change, while others expressed concerns. This study proposes the following policies designed to minimize the negative impact of the opening, and ensure the reasonable operations of short-term export insurance. Firstly, Korea should ensure that its short-term export insurance operations do not violate the WTO Agreement on Subsidies and Countervailing Measures. Secondly, a cooperative relationship between K-sure and private insurers needs to be established in the short-term export insurance market. Excessive competition between K-sure and private insurers will only lead to a loss of a national scale. Thirdly, the government needs to develop a supervision and monitoring system to ensure such cooperation between K-sure and private insurers in the short-term export insurance market. Fourthly, co-insurance is the ideal format for calculation of insurance rates by private insurers. Fifthly, the government needs to provide full support to private insurers so that they can carry out their businesses on secure footing.
