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중국 보험시장의 제도적 장벽과 우리나라의 대응방안 - 기업 진출 사례를 중심으로 -The Institutional Barriers of Chinese Insurance Market and Korean Countermeasures

Other Titles
The Institutional Barriers of Chinese Insurance Market and Korean Countermeasures
Authors
구기보
Issue Date
Jul-2013
Publisher
한국외국어대학교 중국연구소
Keywords
Insurance; Insurance of China; Entry Barrier
Citation
중국연구, v.58, pp.65 - 87
Journal Title
중국연구
Volume
58
Start Page
65
End Page
87
URI
http://scholarworks.bwise.kr/ssu/handle/2018.sw.ssu/11836
DOI
10.18077/chss.2013.58..004
ISSN
1225-8695
Abstract
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.
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