중국과 한국의 개인 신용정보제도 비교와 중국 신용카드 시장에 대한 시사점

In recent days, as financial market, especially credit card market is growing fast in China, the concerns for financial institutions' risk management are increasing. Since Korea experienced a rapid increase of personal credit card delinquencies and serious economic recession in 2003, we pay a high attention to China's credit card issue. This paper investigates Korean credit card problems in 2003,focusing on the consumer credit reporting system. It also compares the personal credit information systems in China with those in Korea. And finally, it attempts to draw out the implications of credit card problems in China as follows:First, even if the credit card market has growing very fast in China, its growth rate is only about half of Korea's in 2003. Second,in Korea, more than half of total credit card payments is cash advance, which is used very restrictively in China. Third, Korean credit reporting system didn't include the case advance-related information, while Chinese credit reporting system can control the cash advance issue. Fourth, Chinese credit card overdue is only 0.01% of total loans and 0.1% of the household loans, but it is necessary for China to improve its risk management system now for further growth of financial market in the future.