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In order to increase exports considering the current economic circumstances of Korea, there could be a number of ways to do so, such as diversifying export products, removing insecure factors of exchange rate, expanding export markets, and establishing trade infrastructure. However, a substantial way of export growths requires export insurance because it will eliminate risk elements derived from collection of loans and security of imported raw materials as national enterprises embark to the markets abroad. Several constructive devises for this are suggested as follows: 1. Fund for export insurance needs to be expanded. The export to the countries where a high risk is always dormant will have a high chance to seek insurance. Therefore, raising export insurance fund for export enterprises though contributions of central government along with the help of local government is cried for. Furthermore, private management needs to be taken into account. 2. Finances need to be stable by means of a good export insurance management. The burden of exporters’ insurance needs to be relieved by strengthening the function of risk management and reducing the number of damage occurrence. 3. Constant development of new insurances is needed. Developing new insurances which fit for export enterprisers’ tastes will contribute to a risk reduction and a security of profits. 4. Prevention of unethical act is needed through an export insurance system. When an incidence occurs, the insurance is paid through public taxes. Therefore, a measure should be taken not to transfer the expenses responsible for the enterprises to the public. 5. Support system for mid-and-small businesses needs to be strengthened. Since mid-and-small businesses have a lower level of credit and are less competitive in products than conglomerates, security of export markets and lower insurance rate for mid-and-small businesses are called for. 6. Attempt to support export enterprises in connection with financial institutes needs to be made. Since financial institutes impose the risk for security on export insurance, a political measure needs to be taken.
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