• 무역상무연구
• /
• 제69권
• /
• pp.427-451
• /
• 2016

With WTO system starting since 1995, the international trade business has been getting more competitive and fairer especially with the agreement on subsidies and countervailing measures. The export credit insurance, as the only institution of supporting export business under WTO system, is getting more significant in major economies as an indirect means to support export business. In China, SINOSURE has been monopolizing its export credit insurance market for a long time. Since January 2013, however, the Chinese government permitted several commercial insurers to compete in the market and they include PICC, PING AN, CPIC, China Re. This study is to discuss how to improve the Chinese export credit insurance after analyzing performance of privatization of short-term credit insurance and real cases of success and failures. With the 'Go Global' and 'One Belt, One Road' policy of Chinese government, the role of export credit insurance is expected to be more significant. Thanks to the Korea-China FTA since December 2015, international trade between the two countries will be greater especially in finance and insurance area. Because Korean insurance industry is very much interested in getting into Chinese export credit insurance market, they need to study carefully the performance of privatization of Chinese short-term export credit insurance. For their policy decision makings the Korean authorities need to get lessons from the privatization of Chinese short-term export credit insurance business.

• 한국철도학회논문집
• /
• 제9권2호
• /
• pp.212-221
• /
• 2006

This paper examines the outcomes and tasks of U rail privatization especially focusing on the rail safety. Earlier research which focused on the rail safety had little knowledge of the explanations for recent changes of safety scheme. Moreover, they had difficulty making a direct comparison of safety between national rail and the privatized rail. Therefore we are left without a good explanation which has a comprehensive perspective. I attempt to show the outcomes of safety in the rail privatization process and its tasks focusing on the recent fatal accident. This paper argues that the UK's rail safety has a framework which is too complicated with overlapping responsibilities that brought about inefficiency, increasing costs. Especially infrastructure enterprise did not come to play an appropriate role. However, after 2000, the government took charge of setting the strategy for railway safety, and the Office of Rail Regulation covered safety, performance and cost. I explain that these changes present a good opportunity to solve the problem of passing the buck for rail accident. Through the analysis, I find that outcomes of rail privatization in safety are improved comparing the national rail. However, safety performance, for example the collision of structures of cars and looseness of rail should be improved. In future, the problems of fatal accident and a bit of duplicate safe system should be addressed.

• 항공산업연구
• /
• 통권49호
• /
• pp.3-40
• /
• 1999

In this paper, the types of airport operation are categorized four groups in context of ownership and operational management; full government ownership and operation; government ownership with privatization of selected service; government ownership and private management; private ownership and operation. The term,"Privatization" has a different definition when it is used in different contexts and cultures. In this paper, the definition of"Privatization" in the context of airport, is that the movement of an entity from the government sector to the private sector. To keep pace with the remarkable growth in the air traffic volume of passengers and cargo, more and more mega-international airports have been built or are under construction. As the air transport demand is expected to increase at an even greater rate in the 21st century, the need for new conception airport is merging to solve the current problems such as airport congestions and flight delays which will be essential factors to decide whether the competitive airports or not. Presently, we researched the type of the operational management to strengthen the competitiveness for Korea's airports. Specifically, It is focused on the government ownership with privatization of selected services. It seems to be evaluated as government ownership and private management when it is actively utilized within Korea Airport Authority's law or Inchon International Airport's public corporation law. To make more competitive airport in 21st Century, however, it is desirable to seek for the method to gradually evaluate to private ownership and operation.

• Water Engineering Research
• /
• 제1권1호
• /
• pp.1-10
• /
• 2000

Water quality in becoming a serious issue in South Korea, so that modernization of drinking water and sewer plants is sought after. "Contracting out"to the private sector from the local government bureaucracy is the order of the day. This paper introduces the semi-privatized water resources management systems in the washington metropolitan area for South Korea's further privatization efforts.n efforts.

• 한국디지털정책학회:학술대회논문집
• /
• 한국디지털정책학회 2004년도 International Conference on Digital Policy & Management
• /
• pp.25-37
• /
• 2004

This paper compares long-run buy-and-hold returns of privatization initial public offerings to those of domestic stock markets of respective countries using a sample of 29 privatized telecom initial public offerings from 27 countries. The evidence indicates that the privatization IPOs significantly outperform their domestic stock markets if the returns are equally-weighted while they do not outperform the markets if value-weighted. In addition, this paper analyzes the cross-sectional determinants of long-run buy-and- hold returns of privatized telecom shares. The results indicate that the long-run performance of privatized telecom IPOs is moderately related to the proxies of policy uncertainty or systematic risk while the size of the firm and some market wide variables such as the accounting standard, origin of commercial law, and the corporate governance scheme significantly affect the stock performance of privatized telecom shares.

• 교육녹색환경연구
• /
• 제6권1호
• /
• pp.25-48
• /
• 2007

Korean government implemented the Build-Transfer-Lease (BTL) mechanism since 2005 as one of the privatization methods to procure the social infrastructure with private investment. The mechanism was originally prepared 10 provide such public properties as education facilities, child-care facilities, old generation recuperation facilities, medical welfare facilities, military personnel's apartments, environment facilities, and lease apartments. Since 2005, a total of 13.5 trillion won-valued private fund has been directed to the public educational facilities, which occupies 58% of the total private investment in the facilities of the seven categories. However, many officials in the local public entities have anticipated that the local entities need to be restructured or downsized because of the privatization in stead of providing the educational facilities by governmental finance. The main objective of this study is to identify the appropriate technocrat organization structures to manage the privatization procedures.

• 디지털융복합연구
• /
• 제9권6호
• /
• pp.39-55
• /
• 2011

1980년대 이후 전 세계적으로 확산된 탈규제정책이 통신 분야에 미친 영향을 규명하기 위한 많은 노력이 기울여져 왔음에도 불구하고 국가소유 통신사업자의 민영화가 보편적 서비스에 미친 영향에 대한 연구는 상대적으로 소홀했다. 이 같은 관점에서 본 논문은 연대기적 고찰을 통해 국가독점 기간통신 사업자였던 한국통신의 민영화가 한국의 보편적 서비스 정책 형성과정 및 보편적 서비스 제도에 가져온 변화 및 함의를 살펴보고자 했다. 본 연구는 사례연구라는 한계를 가지고는 있으나 국영 통신 사업자의 민영화가 보편적 서비스제도를 보다 경쟁 중립적이고 체계적인 시스템으로 발전시키는 계기가 될 수 있는 동시에 정부주도의 보편적 서비스 정책을 실현하는데 장애요소가 될 수도 있다는 점을 밝힘으로써 개별 국가의 정책 목표 우선순위에 따라 국영 통신사업자의 민영화 계획수립 및 전략이 달라져야 한다는 점을 밝히고 있다.

• 기술혁신학회지
• /
• 제19권3호
• /
• pp.439-464
• /
• 2016

우리나라의 ICT 기기의 기술기준 및 적합성평가절차는 주요 교역 상대국가의 요청, MRA 2단계 체결, 적합성평가서비스시장 확대의 필요성 및 제조업체의 요구에 따라 혁신해야 할 시점이다. 주요 선진국은 이미 민간화 방안을 활용하여 혁신을 진행하고 있었으며, 그 수준을 비교 분석한 결과, 일본이 가장 높은 수준으로 민간화되어 있었고 한국이 가장 낮은 수준으로 나타났다. 국내 민간기관의 시험 인증 능력을 조사한 결과, 우리나라는 현재보다 높은 수준의 민간화가 가능함이 나타났다. 아울러 설문 응답자는 '인증업무의 민간위탁', 'EMC의 민간임의표준으로 전환' 그리고 '적합성평가주체의 전환'에 대하여 긍정적으로 답변하였다. 나아가, '정책 수용성과 갈등 수준'의 관점에서는 '인증업무의 민간위탁'부터 시작하는 것이 바람직해 보이며, 민간화 이전에 인증심사원제도 마련 등 관련 제도를 사전에 개선해야 한다.

• 시큐리티연구
• /
• 제15호
• /
• pp.265-283
• /
• 2008

지금까지 경찰활동은 대체적으로 경찰관들만이 배타적으로 수행할 수 있는 절대적인 공공분야에 속하는 업무라고 여겨져 왔다. 하지만 공공의 안전에 대한 사회전반의 필요에 대하여 민간부문이 이미 상당부분을 감당하게 되었으며, 더욱이 최근 제17대 대통령직인수위원회에서는 주요경찰기능 중의 하나인 교통경찰기능 중 자동차 운전면허업무에 관한 제도 개선과 관련하여 현재 경찰청 감독 아래서 전국26개 면허시험장에서 실시하는 면허시험업무를 자동차면허시험 교습소로 이양하기로 확정하기에 이르렀다. 일부에서는 아직도 경찰서비스야말로 민영화하기에는 부적당한 업무라고 여기고 있긴 하지만, 최근 들어 경찰업무의 민영화에 대한 연구가 나타나고 있음은 물론 이제는 대부분의 사람들이 상당수의 경찰업무가 공공재가아니거나, 적어도 순수한 의미의 공공재는 아니라는 점에 수긍하고 있다. 최근에 있어서 공기업의 민영화와 더불어 경찰업무의 민영화에 있어서도 다소간의 진전이 엿보인다는 것은 국가경쟁력 차원에서도 민주주의제도에 대한 민간인의 참여의 확대라는 측면에서만 볼 때에도 대단히 고무적인 일이 아닐 수 없다. 이 연구는 교통경찰기능을 민영화함에 있어서 그 외연을 살펴보고 현재 잠정 결정된 운전면허시험단의 민영화 방침에 대한 문제점에도 주목하면서 전반적인 교통경찰기능의 민영화에 대한 제반 문제점과 구체적인 정책대안을 제시하고, 나아가 이러한 민영화의 경향에 대한 비판적인 문제점을 포함한 민영화에 대한 제 전망을 내놓고자 하였다.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권5호
• /
• pp.225-236
• /
• 2020

This paper examines empirically the net impact of residual state ownership on privatized firm efficiency in the transitional context of Vietnam. Vietnamese privatization has its own characteristics. Instead of mass and full privatization, Vietnam has chosen a partial and gradual path. Thus, it is important to assess the net impact of residual state ownership on privatized firms during the post-privatization period. This study employs stochastic frontier analysis to investigate the association between residual state ownership and the efficiency of privatized firms, using a sample of all privatized firms that are listed on the Vietnamese stock exchanges over the period from 2007 to 2017. Also, two-stage least squares regression is incorporated into the model to deal with potential endogeneity issues. Our study provides evidence that state ownership should not be considered as a pure source of agency problems. Indeed, the net impact of residual state ownership on privatized firm efficiency is non-monotonic, and the relationship between residual state ownership and privatized firm efficiency is under an inverted U-shape. A moderate level (less than 50%) of residual state ownership might be beneficial to privatized firm efficiency whereas too much state ownership is detrimental to the efficiency of privatized firms.