선박금융의 리스크요인과 부실채권 처리방안에 관한 연구

Abstract

This study systematically summarized the theoretical risk factors related with shipping finances as well as working-level risk factors that can take place during shipping business and operation of the ships.

First, as respects the theoretical risk factors, overall risks of shipping finances were examined by reviewing related literatures. As respects the working-level risk factors in the shipping business and operation of the ships that persons in charge of shipping finance can not know easily for it is a professional field with shipping operation, were added by consultations with the specialists from multiple backgrounds.

If shipping finance can be revitalized with the in-depth understanding of the shipping finances, it will help Korea shipping industry to overcome current crisis and also to make progress continuously.

Second, the theoretical background was examined by reviewing the concept and type of insolvent obligation recovery, recovery procedure, and the impact on financial institutes and real economy in order to provide the theoretical basis for the insolvent obligation recovery of shipping finance. As a case study, restructuring shipping companies established by “S” financial company were analyzed for their recovery method of insolvent obligations. This analysis provides the case study on shipping finances, especially helpful due lack of numerical data present in shipping finance research.

This study intended to contribute to strengthen the cooperative relationships between shipping, shipbuilding, and financial industry in the future by suggesting a way to minimize the scale of loss even when the insolvent obligations are made in the shipping finance, the high volatile investment subject. The “S” financial company directly established a restructuring shipping company and controlled the disposal timing of the ships while directly managing and operating the ships to minimize the loss of insolvent obligations, it suggested an alternative way to recover efficiently the insolvent obligations of the shipping company unlike the conventional disposal of the insolvent obligations.