지방공기업 재무건전성 검토

Local public enterprises are a business that requires the harmony with regionality as well as with publicness and profitability, and play an important role in providing local residents with essential services continuously. Nevertheless, much concern has been raised over the financial solvency of local governments and local public enterprises. Under this recognition, this study attempts to understand the basic and structural trends and relations on their financial solvency by applying the financial statement analyses of Busan Transportation Corporation and Busan Metropolitan Development Corporation. Based on those analysis results, it suggests that local public enterprises’ continuous efforts to attain the rationalization of management, especially systematic measures proper for the situations of each organization, are required in order to enhance their financial solvency. Besides, it also points out that such unreasonable operation activities as the shifting of businesses and their business costs of local governments should be eradicated immediately, and restructuring of insolvent and similar public enterprises, enhancement of reviewing the validity of newly established local public enterprises, and issuance and systematic management of local bonds and debentures of the Ministry of Government Administration and Home Affairs are required.