A Study on Competitive Reinforcement Strategies of Korean Banks&#039; Entry into the Chinese Financial Market (국내은행의 중국진출을 위한 경쟁력 강화방안)

Lee, Nae Joon (이내준); CHOI JUNG SEOK (최정석); Wang, Bo (왕보)

A Study on Competitive Reinforcement Strategies of Korean Banks' Entry into the Chinese Financial Market

Crisisonomy
Abbr : KRCEM
2015, 11(12), pp.157-180
Publisher : Crisis and Emergency Management: Theory and Praxis
Research Area : Social Science > Public Policy > Public Policy in general

Lee, Nae Joon ¹, CHOI JUNG SEOK ¹, Wang, Bo ²

¹선문대학교
²충북대학교

Accredited

ABSTRACT

This study focuses on suggesting a competitive reinforcement strategy for Korean banks to enter the Chinese financial market, and it introduces a generic competitive advantage, implementation strategy, risk managements, and supervision of management. In this research, SWOT analysis is adopted to review and investigate the competitiveness of Korean banks’ entry into the Chinese financial market. First, the Korean banks should increase market shares through localization and differentiation. Second, the Korean banks should enhance domestic and international competitiveness. Third, Korean banks need to secure risk managements and keep managerial oversights enacted by China's laws. Korean banks should try to enter the Chinese financial market with the localization strategy based on the empowering of local subsidiaries and the differentiation strategy to utilize the geographical closeness of Korea-China economic relationship.

KEYWORDS

Korean Bank, competitiveness reinforcement, SWOT analysis, Chinese financial market

Citation status

* References for papers published after 2023 are currently being built.

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Crisisonomy 2023 KCI Impact Factor : 0.64

A Study on Competitive Reinforcement Strategies of Korean Banks' Entry into the Chinese Financial Market

ABSTRACT

KEYWORDS

Citation status

* References for papers published after 2023 are currently being built.

Crisisonomy 2023 KCI Impact Factor : 0.64

A Study on Competitive Reinforcement Strategies of Korean Banks' Entry into the Chinese Financial Market

ABSTRACT

KEYWORDS

Statistics

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Issue List

Citation status

KCI Citation Counts (2)

REFERENCES (35) * References for papers published after 2023 are currently being built.

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* References for papers published after 2023 are currently being built.