• Venture DIGEST
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• s.51
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• pp.20-21
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• 2004

중국 정부는 지난 2001년 WTO에 가입한 이후 2년동안 외자관련 법률을 끊임없이 개선하여 시장개방을 활발하게 하였다.그로 인해 외자기업의 투자속도가 늘어나고 투자분야도 확대되고 있는 추세다. 이번호에서는 중국투자를 구상하고 있는 기업이 알아야 할 중국 정부의 외자도입제도와 심사비준에 대해 알아보고 외자기업의 투자형태에 대해 알아보자.

• The Journal of the Korea Contents Association
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• v.22 no.2
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• pp.514-528
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• 2022

This study attempted to understand the characteristics of foreign direct investment by Chinese companies from the perspective of Dunning's OLI paradigm. This development of OFDI by Chinese companies was influenced by the Chinese government's policy, internal factors of the Chinese economy, and the economic and institutional environment of the investment target country. The characteristic of Chinese companies' OFDI is that investment in developed countries is gradually increasing amid regional concentration in Asia. And the proportion of tertiary industries is high, In the meantime, the structure of the secondary industry is changing. In addition, Chinese companies are gradually expanding and showing characteristics by considering the economic and political factors of the investment target country in the selection of overseas investment areas, and then selecting areas with little cultural difference from China's system. This characteristic of OFDI by Chinese companies is basically evaluated to be in line with the OLI paradigm of Dunning. However, the difference is that Chinese companies' OFDI not only advances in overseas investment using the strengths of companies, but also advances in investment to compensate for their shortcomings.

• International Commerce and Information Review
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• v.10 no.2
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• pp.373-390
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• 2008

본 논문은 국내세법, 한 중 조세협약, 중국세법을 근거하여 특수목적회사(SPC), 사모펀드(PEF) 등의 간접투자 방식과 직접투자 방식에 대한 투자시뮬레이션을 활용하여 최상의 투자형태 협상전략을 제시하였다. 분석결과 중국내 고정사업장이 없는 경우 홍콩과 같은 조세회피지역에 특수목적회사를 설립하여 중국에 투자하는 형태가 직접투자 혹은 국내에 PEF 설립을 통한 투자보다 더 합리적이었다. 더욱이 특수목적회사는 국내의 여러 가지 규제에서 벗어나 자유로운 펀드운용과 새로운 투자추진시 국내과실 송금 처리절차를 거치지 않고 재투자가 가능하다는 점을 포함하여 다양한 장점을 가지고 있었다. 중국 등의 해외투자 고려시 조세회피지역에 특수목적회사를 설립하고 이를 통해 투자를 실행하는 것이 가장 효율적인 방안임을 고려하여 투자방식과 JV협상을 진행하여야 할 것이다.

• Strategy21
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• s.43
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• pp.249-271
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• 2018

최근 카자흐스탄이 러시아나 서구제국들이 아닌 중국과의 에너지 외교에 큰 진전을 보이고 있듯이, 중국은 미국이나 러시아를 자극하지 않은 채로 중앙아시아제국들과의 경제협력을 확대하고 이를 통한 성공적인 에너지안보체제를 구축하고자 한다. 그러나 역사적으로 일정지역에 중국인들의 진출이 늘어나거나 중국인들의 경제적 영향력이 제고되면, 중국정부의 대상지역에 대한 영향력도 제고되었다는 사실로 미루어, 중국의 해외투자 또는 해외이주와 연관된 중국정부의 연계전략에 대한 주의가 요구된다. 중국정부는 해외투자 또는 해외이주지원이라는 명목으로 제주도의 해군기지 주변 강정마을에 대한 부동산 구매를 시도하고 있으며, 그 밖의 한국 내 미군기지 주변에도 중국인타운을 형성하는데 보이지 않는 정부차원의 지원을 확대하고 있다. 이와 같은 현상은 일본 내 미군기지, 특히 오키나와 미군기지 주변과 사스마섬의 일본 자위대 기지 주변에서도 동일하게 전개되고 있다. 이런 중국정부의 의도는 한국과 일본에 주둔하고 있는 미군기지에 대한 견제장치인 동시에 해당지역 주민들에 대한 중국의 영향력 제고를 목적적 결과물로 노정하고 있는 것이다. 중국자본과 중국인들의 한국과 일본 현지진출은 경제적 이해를 넘어서는 외교적, 군사적 문제까지도 야기할 수 있고 이로 인한 국가간 갈등요인이 제고될 수 있는 만큼, 중국의 해외투자 연계전략에 대한 보다 철저한 관리 감독이 필요하다.

• The Journal of the Korea Contents Association
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• v.22 no.9
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• pp.283-297
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• 2022

This study analyzed to strategy and structure of outward foreign direct investment(OFDI) by Chinese Enterprises in 'one belt, one load' countries along the line from the perspective of Dunning's OLI paradigm. Chinese enterprises' investment in 'one belt, one road' countries was largely promoted for two strategic purposes. One is an investment to secure energy resources due to the nature of resource holdings in 'one belt, one road' countries, and the other is a transfer investment to solve the problem of surplus facilities, a problem in China's domestic economy. Chinese enterprises' investments in these 'one belt, one road' countries is evaluated to have been made with Dunning's investment decision conditions in the OLI paradigm, namely, Ownership specific advantages, Location specific advantages, and Internalization specific advantages. only if there is a difference, investment country, investment method, and investment industry are different due to the structure of international relations, religious conflict and cultural heterogeneity, institutional investment environment of the region, and awareness of Chinese enterprises.

• International Area Studies Review
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• v.13 no.3
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• pp.759-780
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• 2009

The purpose of this paper is to analyse the effect of Korean FDI(1990-2008) in China by industries on exports and imports between two countries. We use time series regression, Vector Error Correction Model and Impulse Response Function as methodologies. Our findings through empirical tests are as follows. First Korean FDI in China increases Korean exports with China but shows a tendency to decrease due to the local content of China. Second Korean FDI in China increases Korean imports in SITC 8 with China. Finally Korean trade surplus caused by Korean FDI in China shrinks due to the decreasing of exports and increasing of imports in Korea. Korean FDI in China should be oriented host country's market oriented rather than production efficiency oriented because of unfriendly foreign investment environments in China.

• International Area Studies Review
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• v.18 no.3
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• pp.47-66
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• 2014

A noticeable aspect of Korean firms' outward sequential FDIs to China is that they occur sequentially, which means that they implement the outward FDIs to China with a long-term perspective. To analyze the strategic advantages of sequential investment, we introduce Cournot type quantity competition model. According to the model, three important implications are derived. First, sequential FDIs enhances the Korean parents' production capabilities. Second, the parents are more likely to establish new Chinese subsidiaries as they stay longer in China. Third, the production effect of sequential investments incurs more sequential investments. Some regression models are tested for verifying the predictions. According to empirical results, three important results are found. First, initial entry mode affects the size expansion of the Korean parents. Second, the longer the duration of intial subsidiary in China, the more the sequential investment will be. Third, sequential investments are positively associated with the productivity of the Korean parents.

• The Optical Journal
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• v.15 no.1 s.83
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• pp.35-38
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• 2003

우리나라의 중국투자는 중소기업이 주류를 이루며 현재 중국총투자중 건수로는 68.8%, 금액으로는 53.9%를 차지하는 것으로 나타났다. 신규이전을 계획하고 있는 기업들은 이전 시기에 대해 3년 이후 추진 76.3%, 2~3년내 추진 18.1%, 1년내 추진 0.6%로 응답해 앞으로 2~3년후에 기업들의 해외이전이 본격화될 것으로 전망된다.

• International Area Studies Review
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• v.13 no.3
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• pp.163-190
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• 2009

This study tries to analyze the investment determinants of Chinese firms in local Korea, where the Chinese investing ones have been operating since in the middle of 1990s. The main purpose can be mentioned to test empirically some relations between the investment determinants of Chinese firms and the investment types. In detail speaking, the dependent variables of investment types are classified with sole venture and joint venture, while the independent ones are sorted based on the previous studies with the 2 following factors like the competitive advantages of Chinese firms, and the location advantages of local Korea. This study is conducted as the following: the survey of Chinese firms engaging in investment activities in there is implemented by collecting questionnaires. And for testing the hypothesis, the path analysis of structural equation modeling is activated with SPSS. 12.0 and AMOS 11.0 for windows.

• The Journal of the Korea Contents Association
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• v.22 no.8
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• pp.318-328
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• 2022

The purpose of this study is to analyze the impact of ownership concentration and R&D investment on earnings growth of listed companies in China. For this purpose, this study utilized 14,196 samples from 2,366 Chinese listed companies using the WIND database and conducted empirical analysis by Python. The results of the analysis are as follows. First, the data shows that ownership concentration has a positive (+) impact on revenue growth of Chinese listed firms. Second, ownership concentration has a postive(+) impact on R&D investment of Chinese listed firms. Third, the survey shows that R&D investment has a positive (+) impact on revenue growth of Chinese listed firms. Fourth, the impact of R&D investment on earnings growth of Chinese listed firms has time lag effect. Fifth, R&D investment has a partial mediating effect in ownership concentration and earnings growth of Chinese listed firms. Based on these analytical results, this study proposes measures to promote firms' earnings increase by optimizing ownership concentration and increasing R&D investment in Chinese listed firms.