본문 바로가기 주메뉴 바로가기
kiep logo

Contents

Citation

Citation
No Title

Abstract

When transnational enterprises set subsidiary companies in certain area, their major aim is to invest indirectly through the holding companies which hold invested share. Especially, because of the geographical neighborhood and economic integration, investing by holding companies is common in Europe. In Europe, taking full advantage of holding company is out of the following two reasons. Firstly, the efficiency and flexibility of the manage strategy of a group could be elevated by making full use of the holding company. Secondly, the transnational enterprises have the possibility of flexible management at the tax strategy level. Recently, the Korean companies are making the best use of holding companies when they are Marching into the EU. In the year 1996, group K purchased 8 enterprises of a certain industry section of B, a German company, setting holding companies in Germany. The analysis result of the case shows that the manage efficiency could be risen and the taxation could be reduced by way of making use of holding companies. As to the Korean investment efficiency of overseas indirect investment in EU, this thesis brought forward a blueprint about integrating the local companies.

JEL classification: F23, F52

Keywords

Holding Company, European Union, International Business

Language

Korean

References

  1. Lee, S. 1997. "Regional Cases of Foreign Investment: Focused on EU.” In Wang, Y. et al. Korea's Overseas Direct Investment: Its Performance and Problems. Policy Analyses 97-02, pp. 169-229. Seoul: Korea Institute for International Economic Policy. (in Korean)
  2. Lee, Y. 1996. International Tax Affairs. Seoul: SEKYUNG. (in Korean)
  3. Champaud, C. 1962. Le pouvoir de concentration de la societe par actions. Paris: Librairie Sirey.
  4. Keller, T. 1990. Unternehmensfuhrung mit Holdingkonzepten, Koln: Bachem.
  5. Kessler, W. 1996. Die Euro-Holding, Munchen: C.H. Beck.
  6. MMIS. 1996. "From Despair to Elation, From Crisis to Order - The Story behind the Kohap Acquisition of BASF Magnetics," Magnetic Media International Newsletter, vol. 15, no. 5, pp. 21-30.
  7. Kim, G. -S. 1996. “A Review of Regulatory Measures and Supervision on Special-Purpose Company.” In Kwon, H. S. (ed). A Study on the Relaxation of Monopoly Regulation and Fair Trade Act. Seoul: Bobmunsa, pp. 211-235. (in Korean)
  8. Lee, S. 1997. “International Tax Strategies for Korean Companies in the EU,” Korean Journal of EU Studies, vol. 2, no. 1, pp. 135-170. (in Korean)
  9. Lee, S. 1997. “Thin Capitalization Tax System in Germany (Ⅰ),” Taxation (Monthly), vol. 106, February, 1997, pp. 38-45, Seoul: YoungHwa Josetongram co., Ltd. (in Korean)
  10. Lee, S. 1997. “Thin Capitalization Tax System in Germany (Ⅱ),” Taxation (Monthly), vol. 107, March, 1997, pp. 22-28, Seoul: YoungHwa Josetongram co., Ltd. (in Korean)