방산수출 국제대금결제와 방산수출금융에 관한 고찰

This study explore and survey issues of military export payment methods and military export financing(hereinafter “MEF”). Military export can be characterized by that most of buyers are government entities, that special care should be required to choose optimal middle position regarding construction and delivery between parties, and that exporting government generally needs to facilitate government official or concessional financing for importing government. In a typical MEF arena, official credit by exporting government with or without concessional lending, is a frequent feature, and U.S. centers on giving grants by FMF(“Foreign Military Financing”) program, whilest majority countries on commercial ECA financing. U.S. Eximbank gives financing support for exports of defense-related products: counter-narcotics efforts and non-lethal military articles. History shows that all export financing programs have not been always successful. U.S. Defense Export Loan Guarantee(“DELG”) has been used only onceand has not generated enough revenue in fees and the scope and nature of continued DELG operations was not readily meet by DoD. This study suggest some implication on our countries future policy and desirable financing sytem on DEF. It is not about mere encouragement led by government for commercial banks to initiatiate MEF merely on commercial bases, but is special arrangement by both government and official export financing agencies, such as Ex-im bank, KDB and K-sure. Even where there has not been clear and apparent profit could not be materialized within visible short time, relevant government entities in Korea and appropriate official financing arms should co-build Korea Military Export Financing programs in order to develop MEF as new growth power industry.