{"id":44076,"date":"2026-02-14T22:32:18","date_gmt":"2026-02-14T22:32:18","guid":{"rendered":"https:\/\/www.globalresearch.co.kr\/insight\/capital-market-exchange-ecosystem-mordor\/"},"modified":"2026-09-25T11:50:48","modified_gmt":"2026-09-25T02:50:48","slug":"capital-market-exchange-ecosystem-mordor","status":"publish","type":"post","link":"https:\/\/www.globalresearch.co.kr\/insight\/capital-market-exchange-ecosystem-mordor\/","title":{"rendered":"\uc138\uacc4\uc758 \uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5 \uaddc\ubaa8 \ubc0f \uc810\uc720\uc728 \ubd84\uc11d &#8211; \uc131\uc7a5 \ub3d9\ud5a5 \ubc0f \uc804\ub9dd (2026-2031)"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.globalresearch.co.kr\/insight\/wp-content\/uploads\/2026\/02\/global-capital-market_1668013233022_jp6.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.globalresearch.co.kr\/insight\/wp-content\/uploads\/2026\/02\/capital-market-exchange-ecosystem-size-image-1767014807085.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-0\">1. \uc11c\ub860<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-1\">2. \uc5f0\uad6c \ubc29\ubc95\ub860<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-2\">3. \uc694\uc57d<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-3\">4. \uc2dc\uc7a5 \ud658\uacbd<\/p>\n<ul>\n<li class=\"toc-level-2\">4.1 \uc2dc\uc7a5 \uac1c\uc694<\/li>\n<li class=\"toc-level-2\">4.2 \uc2dc\uc7a5 \ub3d9\uc778\n<ul>\n<li class=\"toc-level-3\">4.2.1 \ub514\uc9c0\ud138 \uc911\uac1c \ud50c\ub7ab\ud3fc\uc744 \ud1b5\ud55c \uac1c\uc778 \ud22c\uc790\uc790 \ucc38\uc5ec \uc99d\uac00<\/li>\n<li class=\"toc-level-3\">4.2.2 \uc9c0\uc218 \uae30\ubc18 \uc218\ub3d9 \ud22c\uc790 \uc218\ub2e8(ETF)\uc758 \uc131\uc7a5<\/li>\n<li class=\"toc-level-3\">4.2.3 \uad6d\uacbd \uac04 \uc0c1\uc7a5 \ubc0f \uc790\ubcf8 \ud750\ub984 \uc99d\uac00<\/li>\n<li class=\"toc-level-3\">4.2.4 \uc804\uc790 \ubc0f \uc54c\uace0\ub9ac\uc998 \uac70\ub798 \uc778\ud504\ub77c \ud655\uc7a5<\/li>\n<li class=\"toc-level-3\">4.2.5 \uc2e4\ubb3c \uc790\uc0b0\uc758 \ud1a0\ud070\ud654\ub85c \uc778\ud55c \ubd84\ud560 \uac70\ub798 \uac00\ub2a5<\/li>\n<li class=\"toc-level-3\">4.2.6 ESG \ub370\uc774\ud130 \ubd84\uc11d \ud1b5\ud569\uc744 \ud1b5\ud55c \uac70\ub798\uc18c \uc0c1\ud488 \ucc28\ubcc4\ud654 \uac15\ud654<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">4.3 \uc2dc\uc7a5 \uc81c\uc57d \uc694\uc778\n<ul>\n<li class=\"toc-level-3\">4.3.1 \uad00\ud560\uad8c\ubcc4 \uaddc\uc81c \ubd84\uc5f4<\/li>\n<li class=\"toc-level-3\">4.3.2 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \ubc0f \uc2dc\uc2a4\ud15c \uc704\ud5d8 \uc6b0\ub824<\/li>\n<li class=\"toc-level-3\">4.3.3 \uc0ac\uc774\ubc84 \ubcf4\uc548 \uc704\ud611\uc73c\ub85c \uc778\ud55c \uac70\ub798\uc18c \uc6b4\uc601 \ube44\uc6a9 \uc99d\uac00<\/li>\n<li class=\"toc-level-3\">4.3.4 \uc9c0\uc5f0\ub41c \uacb0\uc81c \ud604\ub300\ud654\ub85c \uc778\ud55c \uc7a5\uc911 \uc720\ub3d9\uc131 \ud65c\uc6a9 \uc81c\ud55c<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">4.4 \uac00\uce58 \/ \uacf5\uae09\ub9dd \ubd84\uc11d<\/li>\n<li class=\"toc-level-2\">4.5 \uaddc\uc81c \ud658\uacbd<\/li>\n<li class=\"toc-level-2\">4.6 \uae30\uc220 \uc804\ub9dd<\/li>\n<li class=\"toc-level-2\">4.7 \ud3ec\ud130\uc758 5\uac00\uc9c0 \uacbd\uc7c1 \uc694\uc778\n<ul>\n<li class=\"toc-level-3\">4.7.1 \uc2e0\uaddc \uc9c4\uc785\uc790\uc758 \uc704\ud611<\/li>\n<li class=\"toc-level-3\">4.7.2 \uacf5\uae09\uc790\uc758 \uad50\uc12d\ub825<\/li>\n<li class=\"toc-level-3\">4.7.3 \uad6c\ub9e4\uc790\uc758 \uad50\uc12d\ub825<\/li>\n<li class=\"toc-level-3\">4.7.4 \ub300\uccb4\uc7ac\uc758 \uc704\ud611<\/li>\n<li class=\"toc-level-3\">4.7.5 \uacbd\uc7c1 \uac15\ub3c4<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-4\">5. \uc2dc\uc7a5 \uaddc\ubaa8 \ubc0f \uc131\uc7a5 \uc608\uce21<\/p>\n<ul>\n<li class=\"toc-level-2\">5.1 \uc2dc\uc7a5 \uad6c\uc131\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.1.1 \ubc1c\ud589 \uc2dc\uc7a5<\/li>\n<li class=\"toc-level-3\">5.1.2 \uc720\ud1b5 \uc2dc\uc7a5<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">5.2 \uc790\ubcf8 \uc2dc\uc7a5\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.2.1 \uc8fc\uc2dd<\/li>\n<li class=\"toc-level-3\">5.2.2 \ucc44\uad8c<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">5.3 \uc8fc\uc2dd \uc720\ud615\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.3.1 \ubcf4\ud1b5\uc8fc &amp; \uc6b0\uc120\uc8fc<\/li>\n<li class=\"toc-level-3\">5.3.2 \uc131\uc7a5\uc8fc<\/li>\n<li class=\"toc-level-3\">5.3.3 \uac00\uce58\uc8fc<\/li>\n<li class=\"toc-level-3\">5.3.4 \ubc29\uc5b4\uc8fc<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">5.4 \ucc44\uad8c \uc720\ud615\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.4.1 \uad6d\ucc44<\/li>\n<li class=\"toc-level-3\">5.4.2 \ud68c\uc0ac\ucc44<\/li>\n<li class=\"toc-level-3\">5.4.3 \uc9c0\ubc29\ucc44<\/li>\n<li class=\"toc-level-3\">5.4.4 \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c<\/li>\n<li class=\"toc-level-3\">5.4.5 \uae30\ud0c0 \ucc44\uad8c \uc720\ud615<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">5.5 \uc9c0\uc5ed\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.5.1 \ubd81\ubbf8<\/li>\n<li class=\"toc-level-4\">5.5.1.1 \uce90\ub098\ub2e4<\/li>\n<li class=\"toc-level-4\">5.5.1.2 \ubbf8\uad6d<\/li>\n<li class=\"toc-level-4\">5.5.1.3 \uba55\uc2dc\ucf54<\/li>\n<li class=\"toc-level-3\">5.5.2 \ub0a8\ubbf8<\/li>\n<li class=\"toc-level-4\">5.5.2.1 \ube0c\ub77c\uc9c8<\/li>\n<li class=\"toc-level-4\">5.5.2.2 \ud398\ub8e8<\/li>\n<li class=\"toc-level-4\">5.5.2.3 \uce60\ub808<\/li>\n<li class=\"toc-level-4\">5.5.2.4 \uc544\ub974\ud5e8\ud2f0\ub098<\/li>\n<li class=\"toc-level-4\">5.5.2.5 \ub0a8\ubbf8 \uae30\ud0c0 \uc9c0\uc5ed<\/li>\n<li class=\"toc-level-3\">5.5.3 \uc720\ub7fd<\/li>\n<li class=\"toc-level-4\">5.5.3.1 \uc601\uad6d<\/li>\n<li class=\"toc-level-4\">5.5.3.2 \ub3c5\uc77c<\/li>\n<li class=\"toc-level-4\">5.5.3.3 \ud504\ub791\uc2a4<\/li>\n<li class=\"toc-level-4\">5.5.3.4 \uc2a4\ud398\uc778<\/li>\n<li class=\"toc-level-4\">5.5.3.5 \uc774\ud0c8\ub9ac\uc544<\/li>\n<li class=\"toc-level-4\">5.5.3.6 \ubca0\ub124\ub8e9\uc2a4 (\ubca8\uae30\uc5d0, \ub124\ub35c\ub780\ub4dc, \ub8e9\uc148\ubd80\ub974\ud06c)<\/li>\n<li class=\"toc-level-4\">5.5.3.7 \ubd81\uc720\ub7fd (\ub374\ub9c8\ud06c, \ud540\ub780\ub4dc, \uc544\uc774\uc2ac\ub780\ub4dc, \ub178\ub974\uc6e8\uc774, \uc2a4\uc6e8\ub374)<\/li>\n<li class=\"toc-level-4\">5.5.3.8 \uc720\ub7fd \uae30\ud0c0 \uc9c0\uc5ed<\/li>\n<li class=\"toc-level-3\">5.5.4 \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591<\/li>\n<li class=\"toc-level-4\">5.5.4.1 \uc778\ub3c4<\/li>\n<li class=\"toc-level-4\">5.5.4.2 \uc911\uad6d<\/li>\n<li class=\"toc-level-4\">5.5.4.3 \uc77c\ubcf8<\/li>\n<li class=\"toc-level-4\">5.5.4.4 \ud638\uc8fc<\/li>\n<li class=\"toc-level-4\">5.5.4.5 \ub300\ud55c\ubbfc\uad6d<\/li>\n<li class=\"toc-level-4\">5.5.4.6 \ub3d9\ub0a8\uc544\uc2dc\uc544 (\uc2f1\uac00\ud3ec\ub974, \ub9d0\ub808\uc774\uc2dc\uc544, \ud0dc\uad6d, \uc778\ub3c4\ub124\uc2dc\uc544, \ubca0\ud2b8\ub0a8, \ud544\ub9ac\ud540)<\/li>\n<li class=\"toc-level-4\">5.5.4.7 \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591 \uae30\ud0c0 \uc9c0\uc5ed<\/li>\n<li class=\"toc-level-3\">5.5.5 \uc911\ub3d9 &amp; \uc544\ud504\ub9ac\uce74<\/li>\n<li class=\"toc-level-4\">5.5.5.1 \uc544\ub78d\uc5d0\ubbf8\ub9ac\ud2b8<\/li>\n<li class=\"toc-level-4\">5.5.5.2 \uc0ac\uc6b0\ub514\uc544\ub77c\ube44\uc544<\/li>\n<li class=\"toc-level-4\">5.5.5.3 \ub0a8\uc544\ud504\ub9ac\uce74<\/li>\n<li class=\"toc-level-4\">5.5.5.4 \ub098\uc774\uc9c0\ub9ac\uc544<\/li>\n<li class=\"toc-level-4\">5.5.5.5 \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74 \uae30\ud0c0 \uc9c0\uc5ed<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-5\">6. \uacbd\uc7c1 \ud658\uacbd<\/p>\n<ul>\n<li class=\"toc-level-2\">6.1 \uc2dc\uc7a5 \uc9d1\uc911\ub3c4<\/li>\n<li class=\"toc-level-2\">6.2 \uc804\ub7b5\uc801 \uc6c0\uc9c1\uc784<\/li>\n<li class=\"toc-level-2\">6.3 \uc2dc\uc7a5 \uc810\uc720\uc728 \ubd84\uc11d<\/li>\n<li class=\"toc-level-2\">6.4 \uae30\uc5c5 \ud504\ub85c\ud544 (\uae00\ub85c\ubc8c \uac1c\uc694, \uc2dc\uc7a5 \uac1c\uc694, \ud575\uc2ec \ubd80\ubb38, \uc7ac\ubb34 \uc815\ubcf4(\uc0ac\uc6a9 \uac00\ub2a5\ud55c \uacbd\uc6b0), \uc804\ub7b5 \uc815\ubcf4, \uc8fc\uc694 \uae30\uc5c5\uc758 \uc2dc\uc7a5 \uc21c\uc704\/\uc810\uc720\uc728, \uc81c\ud488 \ubc0f \uc11c\ube44\uc2a4, \ucd5c\uadfc \uac1c\ubc1c \ud3ec\ud568)\n<ul>\n<li class=\"toc-level-3\">6.4.1 CME \uadf8\ub8f9 Inc.<\/li>\n<li class=\"toc-level-3\">6.4.2 \uc778\ud130\ucf58\ud2f0\ub128\ud0c8 \uc775\uc2a4\uccb4\uc778\uc9c0 Inc.<\/li>\n<li class=\"toc-level-3\">6.4.3 \ub098\uc2a4\ub2e5 Inc.<\/li>\n<li class=\"toc-level-3\">6.4.4 \ub7f0\ub358 \uc99d\uad8c \uac70\ub798\uc18c \uadf8\ub8f9 plc<\/li>\n<li class=\"toc-level-3\">6.4.5 \ud64d\ucf69 \uc99d\uad8c \uac70\ub798\uc18c \ubc0f \uccad\uc0b0\uc18c Ltd.<\/li>\n<li class=\"toc-level-3\">6.4.6 \ub3c4\uc774\uccb4 \ubd48\ub974\uc81c AG<\/li>\n<li class=\"toc-level-3\">6.4.7 \uc77c\ubcf8 \uac70\ub798\uc18c \uadf8\ub8f9 Inc.<\/li>\n<li class=\"toc-level-3\">6.4.8 \uc720\ub85c\ub125\uc2a4\ud2b8 N.V.<\/li>\n<li class=\"toc-level-3\">6.4.9 \uc0c1\ud558\uc774 \uc99d\uad8c \uac70\ub798\uc18c<\/li>\n<li class=\"toc-level-3\">6.4.10 \uc120\uc804 \uc99d\uad8c \uac70\ub798\uc18c<\/li>\n<li class=\"toc-level-3\">6.4.11 B3 S.A. \u2013 \ube0c\ub77c\uc9c8 \ubcfc\uc0ac \ubc1c\uce89<\/li>\n<li class=\"toc-level-3\">6.4.12 TMX \uadf8\ub8f9 Ltd.<\/li>\n<li class=\"toc-level-3\">6.4.13 \uc2f1\uac00\ud3ec\ub974 \uac70\ub798\uc18c Ltd.<\/li>\n<li class=\"toc-level-3\">6.4.14 \ud638\uc8fc \uc99d\uad8c \uac70\ub798\uc18c Ltd.<\/li>\n<li class=\"toc-level-3\">6.4.15 SIX \uadf8\ub8f9 AG (SIX \uc2a4\uc704\uc2a4 \uac70\ub798\uc18c)<\/li>\n<li class=\"toc-level-3\">6.4.16 \ud55c\uad6d\uac70\ub798\uc18c<\/li>\n<li class=\"toc-level-3\">6.4.17 \uc778\ub3c4 \uad6d\ub9bd \uc99d\uad8c \uac70\ub798\uc18c Ltd.<\/li>\n<li class=\"toc-level-3\">6.4.18 \ubcfc\uc0ac \uba55\uc2dc\uce74\ub098 \ub370 \ubc1c\ub85c\ub808\uc2a4<\/li>\n<li class=\"toc-level-3\">6.4.19 \uc694\ud558\ub124\uc2a4\ubc84\uadf8 \uc99d\uad8c \uac70\ub798\uc18c<\/li>\n<li class=\"toc-level-3\">6.4.20 \uc0ac\uc6b0\ub514 \ud0c0\ub2e4\uc6b8 \uadf8\ub8f9<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-6\">7. \uc2dc\uc7a5 \uae30\ud68c \ubc0f \ubbf8\ub798 \uc804\ub9dd<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5 \uac1c\uc694: \uc131\uc7a5 \ub3d9\ud5a5 \ubc0f \uc804\ub9dd (2026-2031)<\/p>\n<p>\ubcf8 \ubcf4\uace0\uc11c\ub294 \uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5\uc758 \uaddc\ubaa8, \uc810\uc720\uc728, \uc131\uc7a5 \ub3d9\ud5a5 \ubc0f 2031\ub144\uae4c\uc9c0\uc758 \uc804\ub9dd\uc744 \uc0c1\uc138\ud788 \ubd84\uc11d\ud569\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \uc2dc\uc7a5 \uad6c\uc131(1\ucc28 \uc2dc\uc7a5, 2\ucc28 \uc2dc\uc7a5), \uc790\ubcf8 \uc2dc\uc7a5(\uc8fc\uc2dd, \ucc44\uad8c), \uc8fc\uc2dd \uc720\ud615(\ubcf4\ud1b5\uc8fc \ubc0f \uc6b0\uc120\uc8fc, \uc131\uc7a5\uc8fc \ub4f1), \ucc44\uad8c \uc720\ud615(\uad6d\ucc44, \ud68c\uc0ac\ucc44, \uc9c0\ubc29\ucc44 \ub4f1) \ubc0f \uc9c0\uc5ed(\ubd81\ubbf8, \ub0a8\ubbf8, \uc720\ub7fd, \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591, \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74)\ubcc4\ub85c \uc138\ubd84\ud654\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \uc2dc\uc7a5 \uc608\uce21\uc740 \uac00\uce58(USD)\ub97c \uae30\uc900\uc73c\ub85c \uc81c\uacf5\ub429\ub2c8\ub2e4.<\/p>\n<p>1. \uc2dc\uc7a5 \uaddc\ubaa8 \ubc0f \uc131\uc7a5\ub960<\/p>\n<p>\uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5\uc740 2025\ub144 1\uc870 1,200\uc5b5 \ub2ec\ub7ec\ub85c \ud3c9\uac00\ub418\uc5c8\uc73c\uba70, 2026\ub144 1\uc870 1,842\uc5b5 9\ucc9c\ub9cc \ub2ec\ub7ec\uc5d0\uc11c 2031\ub144\uc5d0\ub294 1\uc870 5,653\uc5b5 2\ucc9c\ub9cc \ub2ec\ub7ec\uc5d0 \uc774\ub97c \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \uc608\uce21 \uae30\uac04(2026-2031\ub144) \ub3d9\uc548 \uc5f0\ud3c9\uade0 \uc131\uc7a5\ub960(CAGR)\uc740 5.74%\ub97c \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4. \uc774\ub294 \uae00\ub85c\ubc8c \uac00\uaca9 \ubc1c\uacac \uc778\ud504\ub77c\uc758 \uad6c\uc870\uc801 \uc7ac\ud3b8\uc744 \uc758\ubbf8\ud558\uba70, \uc2dc\uc7a5 \ub370\uc774\ud130 \ud53c\ub4dc, \uaddc\uc81c \uc900\uc218 \ud50c\ub7ab\ud3fc, \uad6d\uacbd \uac04 \uacb0\uc81c \uc11c\ube44\uc2a4 \ub4f1 \uae30\uc220 \uae30\ubc18 \uc218\uc775\uc6d0\uc774 \uc804\ud1b5\uc801\uc778 \ub9e4\uce6d \uc8fc\ubb38 \uc218\uc218\ub8cc\ub97c \ub2a5\uac00\ud558\uba70 \uac00\uce58 \ucc3d\ucd9c \ubc29\uc2dd\uc744 \ubcc0\ud654\uc2dc\ud0a4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uae30\uad00 \ud22c\uc790\uc790\ub4e4\uc774 \ub300\ub7c9 \uac70\ub798\ub97c \uc8fc\ub3c4\ud558\ub294 \ud55c\ud3b8, \ubaa8\ubc14\uc77c \uc778\ud130\ud398\uc774\uc2a4\ub97c \ud1b5\ud55c \uac1c\uc778 \ud22c\uc790\uc790 \uc720\uc785\uc740 \uc2dc\uc7a5\uc758 \uc21c\ud658\uc131\uc744 \uc904\uc774\ub294 \ub2e4\uc911 \uc218\uc775\uc6d0 \ucc3d\ucd9c\uc5d0 \uae30\uc5ec\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc804\uc790 \ucc44\uad8c \uac70\ub798, \ud655\uc7a5 \uac00\ub2a5\ud55c ETF \uc0dd\ud0dc\uacc4, ESG \uc911\uc2ec \uc0c1\uc7a5 \ud504\ub808\uc784\uc6cc\ud06c\uc758 \uc131\uc7a5\uc740 \ubc29\uc5b4\uc801\uc778 \ud655\uc7a5 \ub3d9\ub825\uc744 \ud655\ubcf4\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uc18c\uaddc\ubaa8 \uac70\ub798\uc18c\uc758 \ubcf5\uc7a1\uc131\uc744 \uc99d\uac00\uc2dc\ud0a4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc0ac\uc774\ubc84 \ubcf4\uc548 \ube44\uc6a9 \uc99d\uac00\uc640 \ube44\ub3d9\uae30\uc801\uc778 \uaddc\uc81c \uc694\uad6c \uc0ac\ud56d\uc740 \ub9c8\uc9c4 \ud655\ub300\ub97c \uc800\ud574\ud558\uc9c0\ub9cc, \uc790\ubcf8 \ud615\uc131 \ubc0f \uc720\ub3d9\uc131 \ucd5c\uc801\ud654\uc5d0 \ub300\ud55c \uc804 \uc138\uacc4\uc801\uc778 \uc218\uc694\uac00 \uc2dc\uc7a5 \uc131\uc7a5\uc744 \ub4b7\ubc1b\uce68\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uacbd\uc7c1 \uac15\ub3c4\ub294 \ub2e8\uc21c\ud55c \uac70\ub798\ub7c9 \uaddc\ubaa8\uc5d0\uc11c \ub9c8\uc774\ud06c\ub85c\ucd08 \ub2e8\uc704\uc758 \uc2e4\ud589, \ud1b5\ud569 \ubd84\uc11d, \ubaa8\ub4c8\ud615 \uaddc\uc81c \uc900\uc218 \ud234\ud0b7\uc744 \uc81c\uacf5\ud558\ub294 \ucc28\ubcc4\ud654\ub41c \ud074\ub77c\uc6b0\ub4dc \ub124\uc774\ud2f0\ube0c \ud50c\ub7ab\ud3fc\uc73c\ub85c \uc774\ub3d9\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc9c0\uc18d\uc801\uc778 R&#038;D \ud22c\uc790\ub97c \uac10\ub2f9\ud560 \uc218 \uc788\ub294 \uc6b4\uc601\uc790\uc5d0\uac8c \uc7a5\uae30\uc801\uc778 \ud68c\ubcf5\ub825\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/p>\n<p>2. \ud575\uc2ec \ubcf4\uace0\uc11c \uc694\uc57d<\/p>\n<p>*   \uc2dc\uc7a5 \uad6c\uc131\ubcc4: 2025\ub144 2\ucc28 \uc2dc\uc7a5\uc774 \uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5 \uc810\uc720\uc728\uc758 71.92%\ub97c \ucc28\uc9c0\ud588\uc73c\uba70, 1\ucc28 \uc2dc\uc7a5\uc740 2031\ub144\uae4c\uc9c0 \uc5f0\ud3c9\uade0 11.21% \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<br \/>\n*   \uc790\ubcf8 \uc2dc\uc7a5\ubcc4: 2025\ub144 \uc8fc\uc2dd \ubd80\ubb38\uc774 \uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5 \uaddc\ubaa8\uc758 66.79%\ub97c \ucc28\uc9c0\ud588\uc73c\uba70, \ucc44\uad8c \ubd80\ubb38\uc740 2026\ub144\ubd80\ud130 2031\ub144\uae4c\uc9c0 \uc5f0\ud3c9\uade0 7.95% \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4.<br \/>\n*   \uc9c0\uc5ed\ubcc4: 2025\ub144 \ubd81\ubbf8\uac00 \uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5 \uaddc\ubaa8\uc758 37.57%\ub97c \ucc28\uc9c0\ud558\uba70 \uc2dc\uc7a5\uc744 \uc120\ub3c4\ud588\uc73c\uba70, \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591 \uc9c0\uc5ed\uc740 2031\ub144\uae4c\uc9c0 \uc5f0\ud3c9\uade0 9.45%\ub85c \uac00\uc7a5 \ube60\ub978 \uc131\uc7a5\uc744 \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<\/p>\n<p>3. \uae00\ub85c\ubc8c \uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5 \ub3d9\ud5a5 \ubc0f \ud1b5\ucc30<\/p>\n<p>3.1. \uc131\uc7a5 \ub3d9\ub825 (Drivers)<\/p>\n<p>*   \ub514\uc9c0\ud138 \uc911\uac1c \ud50c\ub7ab\ud3fc\uc744 \ud1b5\ud55c \uac1c\uc778 \ud22c\uc790\uc790 \ucc38\uc5ec \uc99d\uac00: \uc81c\ub85c \uc218\uc218\ub8cc \uc571\uc744 \ud1b5\ud55c \uac1c\uc778 \ud22c\uc790\uc790 \uc720\uc785\uc740 \uac70\ub798\uc18c\uc758 \uc218\uc775 \ubaa8\ub378\uc744 \uae30\uc874\uc758 \uc88c\uc11d \uae30\ubc18 \uc694\uae08\uc5d0\uc11c \uace0\ube48\ub3c4, \uc18c\uc561 \uac70\ub798\ub85c \uc804\ud658\uc2dc\ud0a4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ub370\uc774\ud130 \uc0ac\uc6a9\ub7c9 \uc99d\uac00\uc640 \ud568\uaed8 MiFID III\uc640 \uac19\uc740 \uaddc\uc81c \ud558\uc5d0 \uc694\uad6c\ub418\ub294 \uc2e4\uc2dc\uac04 \ucd5c\uc801 \uc2e4\ud589 \uac10\uc0ac\ub97c \uc704\ud55c \ud504\ub9ac\ubbf8\uc5c4 \ubd84\uc11d \ud53c\ub4dc \uc218\uc694\ub97c \uc99d\ub300\uc2dc\ud0b5\ub2c8\ub2e4. \uc778\ub3c4, \uc778\ub3c4\ub124\uc2dc\uc544, \ubca0\ud2b8\ub0a8 \ub4f1\uc5d0\uc11c\uc758 \uc2a4\ub9c8\ud2b8\ud3f0 \ubcf4\uae09\ub960 \uc99d\uac00\ub294 \ucd5c\ucd08\uc758 \uc790\ubcf8 \uc2dc\uc7a5 \uc811\uadfc\uc744 \uac00\ub2a5\ud558\uac8c \ud558\uc5ec, \uac70\ub798\uc18c\uac00 \uc9c0\uc810 \ub124\ud2b8\uc6cc\ud06c \ube44\uc6a9 \uc5c6\uc774 \uaddc\ubaa8\ub97c \uc218\uc775\ud654\ud560 \uc218 \uc788\ub3c4\ub85d \ud569\ub2c8\ub2e4. \ubd80\ubd84 \uc8fc\uc2dd \uac70\ub798 \uae30\ub2a5\uc740 \uc811\uadfc\uc131 \uc7a5\ubcbd\uc744 \uc81c\uac70\ud558\uc5ec \ub300\uc0c1 \uace0\uac1d\uce35\uc744 \ud655\ub300\ud558\uace0 \uac70\ub798\ub7c9\uc744 \uc99d\uac00\uc2dc\ucf1c \ud575\uc2ec \ub9e4\uce6d \uc5d4\uc9c4\uc758 \uc0ac\uc774\ud074\ub9c1 \uc694\uad6c \uc0ac\ud56d\uc744 \ub192\uc785\ub2c8\ub2e4. \uac1c\uc778 \ud22c\uc790\uc790\ub4e4\uc740 \ub610\ud55c \ub2e8\uae30 \uc635\uc158 \ubc0f \ub808\ubc84\ub9ac\uc9c0 ETF\uc5d0 \ub300\ud55c \uac15\ud55c \uc120\ud638\ub97c \ubcf4\uc5ec \ud30c\uc0dd \uc0c1\ud488 \uc218\uc775 \ubc14\uad6c\ub2c8\ub97c \ud655\uc7a5\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ud604\uc0c1\uc740 \uae30\uad00 \ud22c\uc790\uc790\uc758 \ubd88\uaddc\uce59\ud55c \ube14\ub85d \uac70\ub798 \uc8fc\uae30\ub97c \uc0c1\uc1c4\ud558\ub294 \uc9c0\uc18d \uac00\ub2a5\ud55c \uac70\ub798\ub7c9 \uc5f0\ub3d9 \uc218\uc775\uc744 \ucc3d\ucd9c\ud569\ub2c8\ub2e4.<br \/>\n*   \uc9c0\uc218 \uae30\ubc18 \ud328\uc2dc\ube0c \ud22c\uc790 \uc0c1\ud488(ETF) \uc131\uc7a5: \ud328\uc2dc\ube0c \uc804\ub7b5\uc740 \uae4a\uc740 2\ucc28 \uc2dc\uc7a5 \uc720\ub3d9\uc131\uc744 \uc694\uad6c\ud558\ub294 \uc0c1\ud488\uc73c\ub85c \uc790\ubcf8 \ud750\ub984\uc744 \uc720\ub3c4\ud558\uba70, \uac70\ub798\uc18c\ub294 \uac15\ub825\ud55c \uc2dc\uc7a5 \uc870\uc131 \uc778\uc13c\ud2f0\ube0c \uad6c\uc870\uc640 \uc77c\uc911 \uc0dd\uc131-\ud658\ub9e4 \uc2dc\uc2a4\ud15c\uc5d0 \ud22c\uc790\ud558\ub3c4\ub85d \uac15\uc81c\ub429\ub2c8\ub2e4. \ub098\uc2a4\ub2e5\uc758 \uacbd\ud5d8\uc740 ETF \uac70\ub798\uc758 \ub2e8\uc704 \uacbd\uc81c\uc131\uc774 \uc77c\ubc18 \uc8fc\uc2dd \uac70\ub798\ub97c 40% \ucd08\uacfc\ud568\uc744 \ubcf4\uc5ec\uc8fc\uba70, \uc774\ub294 \uc0c1\ud488\ubcc4 \uc778\ud504\ub77c \ud22c\uc790\uc640 \ub3c5\uc810 \uc9c0\uc218 \ub77c\uc774\uc120\uc2f1\uc758 \uc815\ub2f9\uc131\uc744 \uc785\uc99d\ud569\ub2c8\ub2e4. \uc720\ub7fd \uc5f0\ud569\uc758 UCITS \ud504\ub808\uc784\uc6cc\ud06c\ub294 \ub2e4\uc911 \uc0c1\uc7a5\uc744 \ucd09\uc9c4\ud558\uc5ec \uac70\ub798\uc18c\uac00 \ubc18\ubcf5\uc801\uc778 \uc0c1\uc7a5 \ubc0f \uc720\uc9c0 \ubcf4\uc218 \uc218\uc218\ub8cc\ub97c \ud655\ubcf4\ud558\uace0 \uad6d\uacbd \uac04 \ud22c\uc790\uc790\uc5d0\uac8c \ub3c4\ub2ec\ud560 \uc218 \uc788\ub3c4\ub85d \ud569\ub2c8\ub2e4. \uace0\uc815 \uc218\uc785 ETF\uc758 \ud655\uc0b0\uc740 \ud22c\uba85\ud55c \ucc44\uad8c \uac00\uaca9 \ucc45\uc815\uc5d0 \ub300\ud55c \uc218\uc694\ub97c \uc99d\uac00\uc2dc\ud0a4\uba70, \uac70\ub798\uc18c\uac00 \ubd84\uc0b0\ub41c \ub51c\ub7ec \uacac\uc801\uc744 \ud45c\uc900\ud654\ub41c \ud2f1\uc73c\ub85c \ud1b5\ud569\ud558\ub294 \ubcf5\ud569 \ubca4\uce58\ub9c8\ud06c\ub97c \ud1b5\ud569\ud558\ub3c4\ub85d \uc720\ub3c4\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc5c5\uadf8\ub808\uc774\ub4dc\ub294 \uc790\uc0b0 \uad00\ub9ac \uaddc\ubaa8\uc5d0 \uc218\uc218\ub8cc\ub97c \ubd80\uacfc\ud568\uc73c\ub85c\uc368 \uc77c\uc2dc\uc801\uc778 \uac70\ub798\ub7c9 \uae09\uc99d\uc73c\ub85c \uc778\ud55c \uc218\uc775 \ubcc0\ub3d9\uc131\uc744 \uc644\ud654\ud569\ub2c8\ub2e4.<br \/>\n*   \uad6d\uacbd \uac04 \uc0c1\uc7a5 \ubc0f \uc790\ubcf8 \ud750\ub984 \uc99d\uac00: \ubc1c\ud589\uc0ac\uc758 \uc0c1\uc7a5 \uc120\ud0dd\uc740 \uc0c1\uc7a5 \ud6c4 \uc11c\ube44\uc2a4, \uccad\uc0b0 \uc8fc\uae30 \uac00\uc18d\ud654, \uad6d\uc81c \ud22c\uc790\uc790 \uc811\uc810\uc758 \uae4a\uc774\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd98 \uacbd\uc7c1\uc73c\ub85c \ubcc0\ubaa8\ud588\uc2b5\ub2c8\ub2e4. \ud64d\ucf69\uc740 2024\ub144 \ubcf8\ud1a0 \uc774\uc911 \uc0c1\uc7a5\uc744 \ud1b5\ud574 28\uc5b5 \ub2ec\ub7ec\uc758 \ucd94\uac00 \uc218\uc775\uc744 \ucc3d\ucd9c\ud558\uba70, \uc0c1\uc7a5 \uc218\uc218\ub8cc \uc774\uc0c1\uc758 \ubd80\uac00\uac00\uce58\ub97c \uc785\uc99d\ud588\uc2b5\ub2c8\ub2e4. \ub7f0\ub358\uc758 \uac04\uc18c\ud654\ub41c \uacf5\uc2dc \ud15c\ud50c\ub9bf\uacfc \uc2f1\uac00\ud3ec\ub974\uc758 SPAC \uc0c1\uc7a5\uc740 \uaddc\uc81c \uacf5\ud559\uc774 \uc131\uc219\ud55c \uc2dc\uc7a5\uc744 \uc2e0\ud765 \uc2dc\uc7a5 \uc790\ubcf8 \ud615\uc131\uc758 \ud5c8\ube0c\ub85c \uc7ac\ud3b8\ud560 \uc218 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4. \ub2e4\uc911 \ud1b5\ud654 \uacb0\uc81c\ub97c \ub3d9\uae30\ud654\ud558\uace0 \uc774\uc911 \uc5b8\uc5b4 \uacf5\uc2dc \ud3ec\ud138\uc744 \uc81c\uacf5\ud560 \uc218 \uc788\ub294 \uac70\ub798\uc18c\ub294 \ub2e4\uc591\ud55c \uc8fc\uc8fc \uae30\ubc18\uc744 \ubaa9\ud45c\ub85c \ud558\ub294 CFO\ub85c\ubd80\ud130 \uc704\uc784 \uacb0\uc815\uc744 \uc5bb\uc2b5\ub2c8\ub2e4. ESG \uc9c0\ud5a5 \uc678\uad6d \ubc1c\ud589\uc0ac \uaddc\uc815\uc740 \uc138\ubd84\ud654\ub41c \uc9c0\uc18d \uac00\ub2a5\uc131 \ubcf4\uace0 \ubd84\ub958 \uccb4\uacc4\ub97c \uc81c\uacf5\ud558\ub294 \uac70\ub798\uc18c\ub85c \uc790\ubcf8 \ud750\ub984\uc744 \ub354\uc6b1 \uc720\ub3c4\ud569\ub2c8\ub2e4.<br \/>\n*   \uc804\uc790 \ubc0f \uc54c\uace0\ub9ac\uc998 \uac70\ub798 \uc778\ud504\ub77c \ud655\uc7a5: \uc804\uc790 \uc2dc\uc7a5\uc5d0\uc11c \uc9c0\uc5f0 \uc2dc\uac04\uc740 \uace7 \uacbd\uc7c1\ub825\uc774\uba70, TMX Quantum XA\uc640 \uac19\uc740 \ud50c\ub7ab\ud3fc\uc774 \uc81c\uacf5\ud558\ub294 100\ub9c8\uc774\ud06c\ub85c\ucd08 \ubbf8\ub9cc\uc758 \uc784\uacc4\uac12\uc740 \ub354 \ub192\uc740 \ucf54\ub85c\ucf00\uc774\uc158 \uc784\ub300\ub8cc\uc640 \uc54c\uace0\ub9ac\uc998 \ucc38\uc5ec\uc790\ub4e4 \uc0ac\uc774\uc758 \uc9c0\uc18d\uc801\uc778 \uc8fc\ubb38\uc7a5 \uace0\ucc29\uc73c\ub85c \uc9c1\uc811 \uc5f0\uacb0\ub429\ub2c8\ub2e4. \ud074\ub77c\uc6b0\ub4dc \ub124\uc774\ud2f0\ube0c \uc544\ud0a4\ud14d\ucc98\ub294 \ud0c4\ub825\uc801\uc778 \ucc98\ub9ac\ub7c9\uc744 \uc81c\uacf5\ud558\uc5ec \uace0\uc815 \ube44\uc6a9 \ubd80\ub2f4\uc744 25% \uc808\uac10\ud558\uace0 \ubb3c\ub9ac\uc801 \ud558\ub4dc\uc6e8\uc5b4 \uc7ac\uad6c\ucd95 \uc5c6\uc774 \uc6a9\ub7c9\uc744 3\ubc30\ub85c \ub298\ub9b4 \uc218 \uc788\ub3c4\ub85d \ud569\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc0ac\uc804 \uac70\ub798 \uc704\ud5d8 \uc810\uc218\ud654\ub97c \uc704\ud55c \uba38\uc2e0\ub7ec\ub2dd \uc5d4\uc9c4\uc744 \ub0b4\uc7a5\ud558\uc5ec \uaddc\uc81c \uc900\uc218 \ub3c4\uad6c\ub97c \uad6c\ub3c5 \uae30\ubc18 \uc218\uc775\uc73c\ub85c \uc804\ud658\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc2dc\uc7a5 \ubbf8\uc138 \uad6c\uc870\uc758 \ubbf8\ubb18\ud55c \ucc28\uc774\uc5d0 \ub9de\ucdb0 \uc870\uc815\ub41c \uc790\ub3d9 \uc11c\ud0b7 \ube0c\ub808\uc774\ucee4\ub294 \uc720\ub3d9\uc131\uc744 \ubcf4\ud638\ud558\uace0 \ube0c\ub79c\ub4dc \uc2e0\ub8b0\ub3c4\ub97c \uac15\ud654\ud558\uba70 \ubcc0\ub3d9\uc131\uc73c\ub85c \uc778\ud55c \uac70\ub798\ub7c9 \uac10\uc18c\ub97c \uc904\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uae30\ub2a5\uc744 \uc704\ud55c \uc790\ubcf8\uc774 \ubd80\uc871\ud55c \uc18c\uaddc\ubaa8 \uac70\ub798\uc18c\ub294 \uc720\ub3d9\uc131 \uacf5\uae09\uc790\ub4e4\uc774 \ub354 \uae4a\uace0 \uae30\uc220\uc801\uc73c\ub85c \uc6b0\uc218\ud55c \ud480\ub85c \uc774\ub3d9\ud560 \uc704\ud5d8\uc5d0 \uc9c1\uba74\ud569\ub2c8\ub2e4.<\/p>\n<p>3.2. \uc81c\uc57d \uc694\uc778 (Restraints)<\/p>\n<p>*   \uad00\ud560\uad8c \uac04 \uaddc\uc81c \ubd84\uc5f4: \uc0c1\uc774\ud55c \uacf5\uc2dc \uaddc\uce59\uacfc \ub370\uc774\ud130 \ud604\uc9c0\ud654 \ubc95\uaddc\ub294 \uac70\ub798\uc18c\ub85c \ud558\uc5ec\uae08 \uc911\ubcf5 \uc2dc\uc2a4\ud15c\uacfc \ubc95\ub960 \uc6cc\ud06c\ud50c\ub85c\uc6b0\ub97c \uc6b4\uc601\ud558\uac8c \ud558\uc5ec \uad6d\uacbd \uac04 \uc6b4\uc601 \ube44\uc6a9\uc744 15-20% \uc99d\uac00\uc2dc\ud0b5\ub2c8\ub2e4. MiFID III\uc640 \ube0c\ub809\uc2dc\ud2b8 \uc774\ud6c4 \uc601\uad6d \ud504\ub808\uc784\uc6cc\ud06c\ub294 \uc774\ubbf8 \uac70\ub798 \ubcf4\uace0 \uc138\ubd84\ud654\uc5d0\uc11c \ucc28\uc774\ub97c \ubcf4\uc5ec \ubcd1\ub82c \uaddc\uc81c \uc900\uc218 \ucf54\ub4dc \uae30\ubc18\uc744 \uac15\uc81c\ud569\ub2c8\ub2e4. \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591 \uc9c0\uc5ed\uc758 T+1 \uc804\ud658\uc740 \ucd94\uac00\uc801\uc778 \ubcf5\uc7a1\uc131\uc744 \ub354\ud558\uc5ec \uc77c\uc911 \ub2f4\ubcf4 \uc774\ub3d9\uc131\uc744 \ub2e8\ud3b8\ud654\ud558\uace0 \uacb0\uc81c \uc21c\uc561\ud654 \ud6a8\uc728\uc131\uc744 \uc57d\ud654\uc2dc\ud0b5\ub2c8\ub2e4. \uc0c1\ud638 \uc778\uc815 \ud611\uc815\uc774 \uc5c6\ub294 \uacbd\uc6b0, \ubc1c\ud589\uc0ac\ub294 \ud22c\uc790 \uc124\uba85\uc11c \uac80\ud1a0\ub97c \uc911\ubcf5\ud574\uc57c \ud558\uc5ec \uc2dc\uc7a5 \ucd9c\uc2dc \uc2dc\uac04\uc744 \ub298\ub9ac\uace0 \uac70\ub798\uc18c\uc758 \uacbd\uc7c1\ub825\uc744 \uc57d\ud654\uc2dc\ud0b5\ub2c8\ub2e4. \ub370\uc774\ud130 \uacf5\uc720 \uc81c\ud55c\uc740 \ud1b5\ud569 \ubd84\uc11d \uc11c\ube44\uc2a4 \uc81c\uacf5\uc744 \ubc29\ud574\ud558\uc5ec \uad50\ucc28 \uac70\ub798\uc18c \uc8fc\ubb38 \ud750\ub984 \ud1b5\ucc30\ub825\uc758 \uc218\uc775\ud654\ub97c \uc81c\ud55c\ud569\ub2c8\ub2e4.<br \/>\n*   \uc0ac\uc774\ubc84 \ubcf4\uc548 \uc704\ud611\uc73c\ub85c \uc778\ud55c \uc6b4\uc601 \ube44\uc6a9 \uc99d\uac00: 2024\ub144 2\ucc28 \uc2dc\uc7a5\uc5d0 \ub300\ud55c \ub3d9\uc2dc\ub2e4\ubc1c\uc801 \uc11c\ube44\uc2a4 \uac70\ubd80 \uacf5\uaca9\uc740 12\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc758 \uc0b0\uc5c5 \uc804\ubc18\uc801\uc778 \ubcf5\uc6d0\ub825 \uc5c5\uadf8\ub808\uc774\ub4dc\ub97c \uac15\uc81c\ud588\uc73c\uba70, \uc774\ub294 \uc0ac\uc774\ubc84 \uc704\uc0dd\uc774 \uc774\uc81c \uc0dd\uc874\uc758 \ubb38\uc81c\uc784\uc744 \uac15\uc870\ud569\ub2c8\ub2e4. \uc120\ub3c4\uc801\uc778 \uc6b4\uc601\uc790\ub4e4\uc740 IT \uc608\uc0b0\uc758 20-25%\ub97c \ub2e4\uce35 \uc704\ud611 \uc778\ud154\ub9ac\uc804\uc2a4 \uc2a4\ud0dd\uc5d0 \ud22c\uc785\ud558\uc9c0\ub9cc, \uc774\ub7ec\ud55c \uc9c0\ucd9c\uc740 \uc9c1\uc811\uc801\uc778 \ub9e4\ucd9c \uc99d\ub300\ub85c \uc774\uc5b4\uc9c0\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uaddc\uc81c \ub2f9\uad6d\uc740 \uc0ac\uace0 \ubcf4\uace0 \ubc0f \ubcf5\uad6c \uc2dc\uac04 \ubaa9\ud45c \uc758\ubb34\ub97c \uac15\ud654\ud558\uc5ec \ucd94\uac00\uc801\uc778 \uc778\ub825 \ubc0f \ub3c4\uad6c \ube44\uc6a9\uc744 \ubc1c\uc0dd\uc2dc\ud0a4\uba70, \uc774\ub294 \uc911\uacac \uac70\ub798\uc18c\uc5d0 \ubd88\uade0\ud615\uc801\uc73c\ub85c \ubd80\ub2f4\uc744 \uc90d\ub2c8\ub2e4. \ud37c\ube14\ub9ad \ud074\ub77c\uc6b0\ub4dc \uc778\uc2a4\ud134\uc2a4\ub85c\uc758 \ub9c8\uc774\uadf8\ub808\uc774\uc158\uc740 \ud0c4\ub825\uc801\uc778 \ubcf4\ud638\ub97c \uc81c\uacf5\ud558\uc9c0\ub9cc \uacf5\uaca9 \ud45c\uba74\uc744 \ud655\uc7a5\ud558\uc5ec \uc804\ubb38\uc801\uc778 \uac10\ub3c5\uacfc \uc9c0\uc18d\uc801\uc778 \uce68\ud22c \ud14c\uc2a4\ud2b8\ub97c \uc694\uad6c\ud569\ub2c8\ub2e4. \uc0ac\uc774\ubc84 \ubcf4\ud5d8\ub8cc \ub610\ud55c \uae09\uc99d\ud558\uc5ec \uace0\uc815 \ube44\uc6a9 \uc555\ubc15\uc744 \uac00\uc911\uc2dc\ud0b5\ub2c8\ub2e4.<\/p>\n<p>4. \ubd80\ubb38\ubcc4 \ubd84\uc11d<\/p>\n<p>4.1. \uc2dc\uc7a5 \uad6c\uc131: 2\ucc28 \uc2dc\uc7a5 \uc9c0\ubc30 \uc18d 1\ucc28 \uc2dc\uc7a5 \uac00\uc18d\ud654<\/p>\n<p>1\ucc28 \uc2dc\uc7a5 \uc0c1\uc7a5\uc740 \uc5f0\ud3c9\uade0 11.21% \uc131\uc7a5\ud558\uba70, \uc790\ubb38, ESG \uacf5\uc2dc, \ud22c\uc790\uc790 \uad00\uacc4 \ubaa8\ub4c8\uc744 \ud558\ub098\uc758 \uac70\ub798\uc18c \uc9c0\ubd95 \uc544\ub798 \ubb36\ub294 \uc790\ubcf8 \uc870\ub2ec \uacbd\ub85c\uc5d0 \ub300\ud55c \ubc1c\ud589\uc0ac\uc758 \uc218\uc694\ub97c \ubcf4\uc5ec\uc90d\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 IPO\ub2f9 2\ucc28 \uac70\ub798\ubcf4\ub2e4 3-4\ubc30 \ub354 \ub9ce\uc740 \uc218\uc775\uc744 \ucc3d\ucd9c\ud558\ub294\ub370, \uc774\ub294 \uc5d4\ub4dc\ud22c\uc5d4\ub4dc \uc11c\ube44\uc2a4\uac00 \ud22c\uc790 \uc124\uba85\uc11c \uc2ec\uc0ac, \uc0c1\uc7a5 \ud6c4 \ubd84\uc11d, \uc9c0\uc18d\uc801\uc778 \uac70\ubc84\ub10c\uc2a4 \uc900\uc218\ub97c \ud3ec\uad04\ud558\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc9c1\uc811 \uc0c1\uc7a5 \ubc0f SPAC \uad6c\uc870\ub294 \uae30\uc874 \uc778\uc218 \uacfc\uc815\uc744 \uc6b0\ud68c\ud558\uba74\uc11c\ub3c4 \uac70\ub798\uc18c \ub0b4 \uc720\ub3d9\uc131 \uac1c\ubc1c\uc744 \uc911\uc559 \uc9d1\uc911\ud654\ud558\uc5ec \uc218\uc218\ub8cc \ud480\uc744 \ub354\uc6b1 \ud655\ub300\ud569\ub2c8\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 2\ucc28 \uc2dc\uc7a5\uc740 2025\ub144 \uac70\ub798 \uac00\uce58\uc758 71.92%\ub97c \ucc28\uc9c0\ud558\uba70, \uc548\uc815\uc801\uc778 \uc720\ub3d9\uc131\uc774 \uc218\uc775 \uc608\uce21 \uac00\ub2a5\uc131\uc758 \uae30\ubc18\uc784\uc744 \ud655\uc778\uc2dc\ucf1c \uc90d\ub2c8\ub2e4. \uc54c\uace0\ub9ac\uc998 \ub77c\uc6b0\ud305, ETF \ubc14\uc2a4\ucf13 \uc870\uc815, \uad50\ucc28 \uc0c1\uc7a5 \ucc28\uc775 \uac70\ub798\ub294 \uc0c1\uc7a5 \ud30c\uc774\ud504\ub77c\uc778\uc774 \uc77c\uc2dc \uc911\ub2e8\ub420 \ub54c\ub3c4 \ub192\uc740 \ucc98\ub9ac\ub7c9\uc744 \uc720\uc9c0\ud569\ub2c8\ub2e4.<\/p>\n<p>\uc720\ub3d9\uc131\uc774 \ud48d\ubd80\ud55c 2\ucc28 \uc2dc\uc7a5\uc740 \uacbd\uc7c1\uc801\uc778 \ub2e4\ud06c \ud480\uacfc \uc81c\ub85c \uc218\uc218\ub8cc \uc18c\ub9e4 \uc911\uac1c\uc5c5\uc790\uac00 \uc2a4\ud504\ub808\ub4dc\ub97c \uce68\uc2dd\ud568\uc5d0 \ub530\ub77c \uc218\uc218\ub8cc \uc555\ubc15\uc5d0 \uc9c1\uba74\ud558\uc9c0\ub9cc, \uc2e4\uc2dc\uac04 \ubd84\uc11d \ubc0f \uc2a4\ub9c8\ud2b8 \uc8fc\ubb38 \ub77c\uc6b0\ud130 \ub77c\uc774\uc120\uc2f1\uacfc \uac19\uc740 \uae30\uc220 \uae30\ubc18\uc758 \ubd80\uac00\uac00\uce58 \uc11c\ube44\uc2a4\ub294 \uc218\uc775\ud654 \uc5ec\uc9c0\ub97c \ubcf4\ud638\ud569\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc774\uc81c \uac10\uc2dc API \ubc0f \uac70\ub798 \ube44\uc6a9 \ubd84\uc11d\uc744 \uad50\ucc28 \ud310\ub9e4\ud558\uc5ec \ub9e4\uc218 \uce21 \uc6cc\ud06c\ud50c\ub85c\uc6b0\uc5d0 \uae4a\uc774 \ud1b5\ud569\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. ESG \uad00\ub828 \ub9ac\ubc38\ub7f0\uc2f1 \uc774\ubca4\ud2b8\uc640 \uae30\uc5c5 \ud65c\ub3d9 \uc790\ub3d9\ud654\ub294 \uafb8\uc900\ud55c \uc8fc\ubb38 \ud750\ub984\uc744 \uc81c\uacf5\ud558\uc5ec \uacc4\uc808\uc801 \uac70\ub798\ub7c9 \uac10\uc18c\ub97c \uc644\ud654\ud569\ub2c8\ub2e4. \uc7a5\uc678 \uccad\uc0b0 \uc2dc\uc2a4\ud15c\uacfc\uc758 \uc0c1\ud638 \uc6b4\uc6a9\uc131\uc740 \uc811\uadfc \uac00\ub2a5\ud55c \uc2dc\uc7a5\uc744 \ud655\uc7a5\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uac70\ub798 \uc0c1\ub300\ubc29 \uc704\ud5d8\uc744 \ub0ae\ucda5\ub2c8\ub2e4.<\/p>\n<p>4.2. \uc790\ubcf8 \uc2dc\uc7a5: \ucc44\uad8c, \uc8fc\uc2dd\uacfc\uc758 \uc131\uc7a5 \uaca9\ucc28 \ucd95\uc18c<\/p>\n<p>\uc8fc\uc2dd\uc740 2025\ub144 \uc790\ubcf8 \uad50\ud658 \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5 \uc810\uc720\uc728\uc758 66.79%\ub97c \ucc28\uc9c0\ud558\uba70, \ud655\uace0\ud55c \uac1c\uc778 \ud22c\uc790\uc790 \uce5c\uc219\ub3c4\uc640 \uc131\uc219\ud55c \uae30\uad00 \ud30c\uc774\ud504\ub77c\uc778\uc744 \ubc18\uc601\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc804\uc790 \ucc44\uad8c \uac70\ub798 \uc218\uc775\uc740 \ub51c\ub7ec-\uace0\uac1d \ud504\ub85c\ud1a0\ucf5c\uc744 \ud1b5\ud574 \uac00\uaca9 \ubc1c\uacac \ud22c\uba85\uc131 \uaca9\ucc28\uac00 \uc881\uc544\uc9c0\uba74\uc11c \uc5f0\ud3c9\uade0 7.95% \uc131\uc7a5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud074\ub77c\uc6b0\ub4dc \uae30\ubc18 \uc8fc\ubb38 \uad00\ub9ac \ub3c4\uad6c\uc640 \uc790\ub3d9 \uacac\uc801 \uc5d4\uc9c4\uc740 \ucc38\uc5ec \uc7a5\ubcbd\uc744 \ub0ae\ucdb0 \uc18c\uaddc\ubaa8 \uc790\uc0b0 \uad00\ub9ac\uc790\ub4e4\uc774 \uc774\uc804\uc5d0 \uc74c\uc131 \uae30\ubc18\uc774\uc5c8\ub358 \uc6cc\ud06c\ud50c\ub85c\uc6b0\ub97c \ub0b4\uc7ac\ud654\ud560 \uc218 \uc788\ub3c4\ub85d \ud569\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \ud504\ub9ac\ubbf8\uc5c4 \uc5f0\uacb0 \ubc88\ub4e4 \ubc0f \ubcf5\ud569 \ubca4\uce58\ub9c8\ud06c \ub77c\uc774\uc120\uc2f1\uc744 \ud1b5\ud574 \uc774\ub7ec\ud55c \ubcc0\ud654\ub97c \uc218\uc775\ud654\ud569\ub2c8\ub2e4. \ub610\ud55c, ETF \ubc14\uc2a4\ucf13 \uac70\ub798 \ub370\uc774\ud130\ub294 \ucc44\uad8c \uac00\uce58 \ud3c9\uac00 \ubaa8\ub378\ub85c \ud53c\ub4dc\ubc31\ub418\uc5b4 \uc120\uc21c\ud658\uc801\uc778 \ubd84\uc11d \uc0ac\uc774\ud074\uc744 \uac15\ud654\ud569\ub2c8\ub2e4.<\/p>\n<p>\uae30\uc5c5 \ucc44\uad8c\uc758 \uc804\uc790\ud654\ub294 \uc758\ubb34\uc801\uc778 \ucd5c\uc801 \uc2e4\ud589 \uac10\uc0ac \ubc0f \uc720\ub3d9\uc131 \uc9d1\uacc4 \uc54c\uace0\ub9ac\uc998\uacfc \uc5f0\uacc4\ub41c \uc5f0\ud3c9\uade0 9.92%\uc758 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud558\uba70 \uad6d\ucc44 \ubd80\ubb38\ubcf4\ub2e4 \ube60\ub974\uac8c \uc9c4\ud589\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc815\ubd80 \ubd80\ucc44 \uacbd\ub9e4\ub294 \uac70\ub798\ub7c9\uc774 \ub9ce\uc9c0\ub9cc \ub9c8\uc9c4\uc774 \ub0ae\uc544, \uac70\ub798\uc18c\ub294 \ub2f4\ubcf4 \uc801\uaca9\uc131 \uc810\uc218\ud654 \ubc0f \uc790\ub3d9 \ud658\ub9e4 \ub9e4\uce6d\uacfc \uac19\uc740 \ubd80\uac00\uac00\uce58 \uc11c\ube44\uc2a4\ub97c \ucd94\uac00\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc804\ud658\uc0ac\ucc44\uc640 \uac19\uc740 \ud558\uc774\ube0c\ub9ac\ub4dc \uc8fc\uc2dd-\ucc44\uad8c \uc0c1\ud488\uc740 \uc790\uc0b0 \ud074\ub798\uc2a4 \uacbd\uacc4\ub97c \ud5c8\ubb3c\uace0 \ub2e4\uc911 \uc790\uc0b0 \uccad\uc0b0 \uc194\ub8e8\uc158\uc5d0 \ub300\ud55c \uad50\ucc28 \ud310\ub9e4 \uae30\ud68c\ub97c \ucc3d\ucd9c\ud569\ub2c8\ub2e4.<\/p>\n<p>4.3. \uc8fc\uc2dd \uc720\ud615: \uc131\uc7a5\uc8fc \uc0c1\uc7a5\uc774 \uc778\ud504\ub77c \uc5ed\ub7c9 \ucd09\uc9c4<\/p>\n<p>\uae30\uc220 \ubc0f \ubc14\uc774\uc624\ud14c\ud06c \ubc1c\ud589\uc0ac\uac00 \uacf5\ubaa8 \uc2dc\uc7a5\uc5d0 \uc870\uae30 \uc9c4\ucd9c\ud558\uba74\uc11c \uc131\uc7a5\uc8fc\ub294 \uc5f0\ud3c9\uade0 9.55% \uc131\uc7a5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uac70\ub798\ub7c9\uacfc \ub370\uc774\ud130 \ud53c\ub4dc \uc218\uc775\uc744 \uc99d\uac00\uc2dc\ud0a4\ub294 \ub192\uc740 \ubcc0\ub3d9\uc131\uc744 \uac00\uc838\uc635\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \ubcc0\ub3d9\uc131\uc5d0 \ucd5c\uc801\ud654\ub41c \ud2f1 \uc0ac\uc774\uc988 \uccb4\uc81c\uc640 \ub3d9\uc801 \uc11c\ud0b7 \ube0c\ub808\uc774\ucee4\uc5d0 \ud22c\uc790\ud558\uc5ec \uc9c8\uc11c \uc788\ub294 \uac00\uaca9 \ud615\uc131\uc744 \ubcf4\uc7a5\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uc5d4\uc9c4 \ud65c\uc6a9\ub3c4\ub97c \uadf9\ub300\ud654\ud569\ub2c8\ub2e4. \uc6b0\uc120\uc8fc\uc640 \ubcf4\ud1b5\uc8fc\ub294 \ubc30\ub2f9 \uc9c0\ud5a5 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc640 \uc9c0\uc218 \ucd94\uc801\uae30 \ud560\ub2f9\uc5d0 \ud798\uc785\uc5b4\uafb8\uc900\ud55c \uac70\ub798\ub7c9\uc744 \uc720\uc9c0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc774\ub7ec\ud55c \uc804\ud1b5\uc801\uc778 \uc8fc\uc2dd \uc720\ud615\uc5d0 \ub300\ud574 \ud6a8\uc728\uc801\uc778 \ub9e4\uce6d \uc5d4\uc9c4\uacfc \ub0ae\uc740 \uc9c0\uc5f0 \uc2dc\uac04\uc758 \ub370\uc774\ud130 \ud53c\ub4dc\ub97c \uc81c\uacf5\ud558\uc5ec \uc2dc\uc7a5 \ucc38\uc5ec\ub97c \uc7a5\ub824\ud569\ub2c8\ub2e4.<\/p>\n<p>4.4. \ud30c\uc0dd\uc0c1\ud488 \uc720\ud615: \ubcf5\uc7a1\uc131 \uc99d\uac00\ub85c \uc778\ud55c \uccad\uc0b0 \ubc0f \uacb0\uc81c \ud601\uc2e0<\/p>\n<p>\uc120\ubb3c \ubc0f \uc635\uc158 \uc2dc\uc7a5\uc740 \ud5e4\uc9d5 \ubc0f \ud22c\uae30 \uc218\uc694\uc5d0 \ud798\uc785\uc5b4 \uc5f0\ud3c9\uade0 11.2% \uc131\uc7a5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ubcf5\uc7a1\ud55c \ub2e4\ub9ac \uc804\ub7b5(multi-leg strategies)\uacfc \uc774\uad6d\uc801\uc778 \uc635\uc158(exotic options)\uc758 \uc99d\uac00\ub294 \uac70\ub798\uc18c\uc5d0 \uace0\uae09 \ub9ac\uc2a4\ud06c \uad00\ub9ac \ubc0f \ub9c8\uc9c4 \uacc4\uc0b0 \uc2dc\uc2a4\ud15c\uc744 \uc694\uad6c\ud569\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc2e4\uc2dc\uac04 \ub9c8\uc9c4 \uacc4\uc0b0, \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub9c8\uc9c4, \uadf8\ub9ac\uace0 \uc911\uc559 \uccad\uc0b0\uc18c(CCP)\ub97c \ud1b5\ud55c \uacb0\uc81c \ubcf4\uc99d\uc744 \uc81c\uacf5\ud558\uc5ec \uc2dc\uc7a5 \ubb34\uacb0\uc131\uc744 \uc720\uc9c0\ud569\ub2c8\ub2e4. \uc2a4\uc651 \ubc0f \uc120\ub3c4 \uacc4\uc57d\uc740 \uc7a5\uc678(OTC) \uc2dc\uc7a5\uc5d0\uc11c \uc8fc\ub85c \uac70\ub798\ub418\uc9c0\ub9cc, \uaddc\uc81c \uc555\ub825\uc73c\ub85c \uc778\ud574 \uc810\ucc28 \uccad\uc0b0\uc18c\ub85c \uc774\ub3d9\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uac70\ub798\uc18c\uc5d0 \uc0c8\ub85c\uc6b4 \uccad\uc0b0 \uc11c\ube44\uc2a4\ub97c \uac1c\ubc1c\ud560 \uae30\ud68c\ub97c \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/p>\n<p>4.5. \uc0c1\ud488 \uc720\ud615: \uc2e4\ubb3c \uc778\ub3c4\uc5d0\uc11c \uae08\uc735\ud654\ub85c\uc758 \uc804\ud658<\/p>\n<p>\uc5d0\ub108\uc9c0, \uae08\uc18d, \ub18d\uc0b0\ubb3c\uacfc \uac19\uc740 \uc0c1\ud488 \uc2dc\uc7a5\uc740 \uc9c0\uc815\ud559\uc801 \uc0ac\uac74\uacfc \uacf5\uae09\ub9dd \uc911\ub2e8\uc5d0 \ub300\ud55c \ubbfc\uac10\uc131\uc73c\ub85c \uc778\ud574 \ub192\uc740 \ubcc0\ub3d9\uc131\uc744 \ubcf4\uc774\uba70 \uc5f0\ud3c9\uade0 8.7% \uc131\uc7a5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc804\ud1b5\uc801\uc73c\ub85c \uc2e4\ubb3c \uc778\ub3c4\uac00 \uc8fc\ub97c \uc774\ub8e8\uc5c8\uc73c\ub098, \uc774\uc81c\ub294 \ud604\uae08 \uacb0\uc81c \uc120\ubb3c \uacc4\uc57d\uacfc \uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc(ETF)\ub97c \ud1b5\ud55c \uae08\uc735\ud654\uac00 \uac00\uc18d\ud654\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uac70\ub798\uc18c\uc5d0 \uc2e4\ubb3c \uc778\ud504\ub77c \uad00\ub9ac \ubd80\ub2f4\uc744 \uc904\uc5ec\uc8fc\ub294 \ub3d9\uc2dc\uc5d0, \uac00\uaca9 \ubc1c\uacac \ubc0f \uc720\ub3d9\uc131 \uc81c\uacf5\uc5d0 \uc9d1\uc911\ud560 \uc218 \uc788\uac8c \ud569\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc0c1\ud488 \uc2dc\uc7a5\uc758 \ud22c\uba85\uc131\uc744 \ub192\uc774\uae30 \uc704\ud574 \uc2e4\uc2dc\uac04 \uc2dc\uc7a5 \ub370\uc774\ud130\uc640 \ubd84\uc11d \ub3c4\uad6c\ub97c \uc81c\uacf5\ud558\uba70, \uc5d0\ub108\uc9c0 \uc804\ud658 \ubc0f \uc9c0\uc18d \uac00\ub2a5\ud55c \ub18d\uc5c5\uacfc \uad00\ub828\ub41c \uc0c8\ub85c\uc6b4 \uc0c1\ud488 \uc9c0\uc218\ub97c \uac1c\ubc1c\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>4.6. \uc678\ud658 \uc720\ud615: \ubd84\uc0b0\uc6d0\uc7a5\uae30\uc220(DLT)\uc744 \ud1b5\ud55c \ud6a8\uc728\uc131 \uc99d\ub300<\/p>\n<p>\uc678\ud658 \uc2dc\uc7a5\uc740 \uc138\uacc4\uc5d0\uc11c \uac00\uc7a5 \ud06c\uace0 \uc720\ub3d9\uc131\uc774 \ub192\uc740 \uc2dc\uc7a5\uc73c\ub85c, \uc5f0\ud3c9\uade0 7.8% \uc131\uc7a5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc804\ud1b5\uc801\uc73c\ub85c \uc740\ud589 \uac04 \uc2dc\uc7a5(interbank market)\uc774 \uc9c0\ubc30\uc801\uc774\uc5c8\uc73c\ub098, \uc804\uc790 \uac70\ub798 \ud50c\ub7ab\ud3fc\uacfc \ubd84\uc0b0\uc6d0\uc7a5\uae30\uc220(DLT)\uc758 \ubc1c\uc804\uc73c\ub85c \ud6a8\uc728\uc131\uc774 \uc99d\ub300\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. DLT\ub294 \uc2e4\uc2dc\uac04 \uacb0\uc81c, \uac70\ub798 \ube44\uc6a9 \uc808\uac10, \uadf8\ub9ac\uace0 \ud22c\uba85\uc131 \ud5a5\uc0c1\uc744 \uc57d\uc18d\ud558\uba70, \uac70\ub798\uc18c\ub294 \uc774\ub7ec\ud55c \uae30\uc220\uc744 \ud65c\uc6a9\ud558\uc5ec \uc0c8\ub85c\uc6b4 \uc678\ud658 \uac70\ub798 \ubc0f \uacb0\uc81c \uc194\ub8e8\uc158\uc744 \ubaa8\uc0c9\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \uad6d\uacbd \uac04 \uacb0\uc81c(cross-border payments)\uc758 \ube44\ud6a8\uc728\uc131\uc744 \ud574\uacb0\ud558\uae30 \uc704\ud55c DLT \uae30\ubc18 \uc194\ub8e8\uc158\uc5d0 \ub300\ud55c \uad00\uc2ec\uc774 \ub192\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc8fc\uc694 \ud1b5\ud654 \uc30d\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc2e0\ud765 \uc2dc\uc7a5 \ud1b5\ud654\uc5d0 \ub300\ud55c \uc720\ub3d9\uc131\uc744 \uc81c\uacf5\ud558\uace0, \ud658\uc728 \ubcc0\ub3d9\uc131 \ud5e4\uc9d5\uc744 \uc704\ud55c \ud30c\uc0dd\uc0c1\ud488\uc744 \uc0c1\uc7a5\ud558\uc5ec \uc2dc\uc7a5 \ucc38\uc5ec\ub97c \ucd09\uc9c4\ud569\ub2c8\ub2e4.<\/p>\n<p>4.7. \uc554\ud638\ud654\ud3d0 \uc720\ud615: \uaddc\uc81c \uba85\ud655\uc131 \uc18d\uc5d0\uc11c \uc8fc\ub958\ud654 \ubaa8\uc0c9<\/p>\n<p>\uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 \ub192\uc740 \ubcc0\ub3d9\uc131\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uae30\uad00 \ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec \uc99d\uac00\uc640 \uaddc\uc81c \uba85\ud655\uc131 \ubaa8\uc0c9\uc5d0 \ud798\uc785\uc5b4 \uc5f0\ud3c9\uade0 15.1%\uc758 \uac00\uc7a5 \ube60\ub978 \uc131\uc7a5\ub960\uc744 \ubcf4\uc774\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ube44\ud2b8\ucf54\uc778, \uc774\ub354\ub9ac\uc6c0\uacfc \uac19\uc740 \uc8fc\uc694 \uc554\ud638\ud654\ud3d0\ub294 \ubb3c\ub860, \ub2e4\uc591\ud55c \uc54c\ud2b8\ucf54\uc778\uacfc \uc2a4\ud14c\uc774\ube14\ucf54\uc778\uc5d0 \ub300\ud55c \uac70\ub798 \uc218\uc694\uac00 \uc99d\uac00\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc554\ud638\ud654\ud3d0 \ud604\ubb3c \uac70\ub798\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc120\ubb3c \ubc0f \uc635\uc158\uacfc \uac19\uc740 \ud30c\uc0dd\uc0c1\ud488\uc744 \uc81c\uacf5\ud558\uc5ec \ud5e4\uc9d5 \ubc0f \ud22c\uae30 \uae30\ud68c\ub97c \ucc3d\ucd9c\ud569\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 \uc5ec\uc804\ud788 \uaddc\uc81c \ubd88\ud655\uc2e4\uc131, \ubcf4\uc548 \ubb38\uc81c, \uadf8\ub9ac\uace0 \uc2dc\uc7a5 \uc870\uc791 \uc704\ud5d8\uc5d0 \uc9c1\uba74\ud574 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc774\ub7ec\ud55c \ubb38\uc81c\ub97c \ud574\uacb0\ud558\uae30 \uc704\ud574 \uac15\ub825\ud55c \uc0ac\uc774\ubc84 \ubcf4\uc548 \uc870\uce58, \uc2dc\uc7a5 \uac10\uc2dc \uc2dc\uc2a4\ud15c, \uadf8\ub9ac\uace0 \uc790\uae08\uc138\ud0c1\ubc29\uc9c0(AML) \ubc0f \ud14c\ub7ec\uc790\uae08\uc870\ub2ec\ubc29\uc9c0(CFT) \uaddc\uc815 \uc900\uc218\uc5d0 \ud22c\uc790\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c, \uaddc\uc81c \ub2f9\uad6d\uacfc\uc758 \ud611\ub825\uc744 \ud1b5\ud574 \uc554\ud638\ud654\ud3d0 \uc790\uc0b0\uc758 \ubd84\ub958 \ubc0f \uac70\ub798 \uaddc\uce59\uc5d0 \ub300\ud55c \uba85\ud655\uc131\uc744 \ud655\ubcf4\ud558\ub824 \ub178\ub825\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>5. \uae30\uc220 \ub3d9\ud5a5: \uc2dc\uc7a5 \uc778\ud504\ub77c\uc758 \ubbf8\ub798\ub97c \ud615\uc131\ud558\ub294 \ud601\uc2e0<\/p>\n<p>\uc790\ubcf8 \uc2dc\uc7a5 \uc778\ud504\ub77c\ub294 \ub04a\uc784\uc5c6\uc774 \uc9c4\ud654\ud558\ub294 \uae30\uc220 \ud658\uacbd\uc5d0 \uc801\uc751\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc778\uacf5\uc9c0\ub2a5(AI), \uba38\uc2e0\ub7ec\ub2dd(ML), \ud074\ub77c\uc6b0\ub4dc \ucef4\ud4e8\ud305, \ubd84\uc0b0\uc6d0\uc7a5\uae30\uc220(DLT)\uc740 \uac70\ub798\uc18c \uc6b4\uc601 \ubc29\uc2dd\uacfc \uc81c\uacf5\ud558\ub294 \uc11c\ube44\uc2a4\uc5d0 \ud601\uba85\uc801\uc778 \ubcc0\ud654\ub97c \uac00\uc838\uc624\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>5.1. \uc778\uacf5\uc9c0\ub2a5(AI) \ubc0f \uba38\uc2e0\ub7ec\ub2dd(ML): \ud6a8\uc728\uc131 \ubc0f \ud1b5\ucc30\ub825 \ud5a5\uc0c1<\/p>\n<p>AI\uc640 ML\uc740 \uc2dc\uc7a5 \uac10\uc2dc, \uc0ac\uae30 \ud0d0\uc9c0, \ub9ac\uc2a4\ud06c \uad00\ub9ac, \uadf8\ub9ac\uace0 \uac70\ub798 \uc804\ub7b5 \ucd5c\uc801\ud654\uc5d0 \uad11\ubc94\uc704\ud558\uac8c \uc801\uc6a9\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 AI \uae30\ubc18 \uc54c\uace0\ub9ac\uc998\uc744 \uc0ac\uc6a9\ud558\uc5ec \ube44\uc815\uc0c1\uc801\uc778 \uac70\ub798 \ud328\ud134\uc744 \uc2dd\ubcc4\ud558\uace0, \uc2dc\uc7a5 \uc870\uc791\uc744 \uac10\uc9c0\ud558\uba70, \uaddc\uc81c \uc900\uc218\ub97c \uac15\ud654\ud569\ub2c8\ub2e4. ML \ubaa8\ub378\uc740 \uc2e4\uc2dc\uac04\uc73c\ub85c \uc2dc\uc7a5 \ub370\uc774\ud130\ub97c \ubd84\uc11d\ud558\uc5ec \uac00\uaca9 \uc608\uce21\uc744 \uac1c\uc120\ud558\uace0, \uc720\ub3d9\uc131 \uacf5\uae09\uc744 \ucd5c\uc801\ud654\ud558\uba70, \uac70\ub798 \uc2e4\ud589 \ud6a8\uc728\uc131\uc744 \ub192\uc785\ub2c8\ub2e4. \ub610\ud55c, AI \ucc57\ubd07\uacfc \uac00\uc0c1 \ube44\uc11c\ub294 \uace0\uac1d \uc11c\ube44\uc2a4 \ubc0f \uc9c0\uc6d0\uc744 \uc790\ub3d9\ud654\ud558\uc5ec \uc6b4\uc601 \ube44\uc6a9\uc744 \uc808\uac10\ud558\uace0 \uc0ac\uc6a9\uc790 \uacbd\ud5d8\uc744 \ud5a5\uc0c1\uc2dc\ud0b5\ub2c8\ub2e4.<\/p>\n<p>5.2. \ud074\ub77c\uc6b0\ub4dc \ucef4\ud4e8\ud305: \ud655\uc7a5\uc131, \uc720\uc5f0\uc131 \ubc0f \ube44\uc6a9 \ud6a8\uc728\uc131<\/p>\n<p>\ud074\ub77c\uc6b0\ub4dc \ucef4\ud4e8\ud305\uc740 \uac70\ub798\uc18c\uc5d0 \uc804\ub840 \uc5c6\ub294 \ud655\uc7a5\uc131, \uc720\uc5f0\uc131 \ubc0f \ube44\uc6a9 \ud6a8\uc728\uc131\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \uc628\ud504\ub808\ubbf8\uc2a4(on-premise) \uc778\ud504\ub77c\ub97c \uc720\uc9c0\ud558\ub294 \ub300\uc2e0, \uac70\ub798\uc18c\ub294 \ud074\ub77c\uc6b0\ub4dc \uae30\ubc18 \uc194\ub8e8\uc158\uc744 \ud65c\uc6a9\ud558\uc5ec \uae09\uc99d\ud558\ub294 \ub370\uc774\ud130 \ucc98\ub9ac \uc694\uad6c \uc0ac\ud56d\uc744 \ucda9\uc871\ud558\uace0, \uc0c8\ub85c\uc6b4 \uc11c\ube44\uc2a4\ub97c \uc2e0\uc18d\ud558\uac8c \ubc30\ud3ec\ud558\uba70, \uae00\ub85c\ubc8c \uc2dc\uc7a5\uc5d0 \ub300\ud55c \uc811\uadfc\uc131\uc744 \ud655\uc7a5\ud569\ub2c8\ub2e4. \uc774\ub294 \ud2b9\ud788 \ud53c\ud06c \uc2dc\uac04 \ub3d9\uc548\uc758 \uac70\ub798\ub7c9 \uae09\uc99d\uc5d0 \ud6a8\uacfc\uc801\uc73c\ub85c \ub300\uc751\ud558\uace0, \uc7ac\ud574 \ubcf5\uad6c \ubc0f \ube44\uc988\ub2c8\uc2a4 \uc5f0\uc18d\uc131\uc744 \ubcf4\uc7a5\ud558\ub294 \ub370 \uc911\uc694\ud569\ub2c8\ub2e4. \ud074\ub77c\uc6b0\ub4dc \uae30\ubc18 \ub370\uc774\ud130 \ubd84\uc11d \ud50c\ub7ab\ud3fc\uc740 \ubc29\ub300\ud55c \uc2dc\uc7a5 \ub370\uc774\ud130\ub97c \ucc98\ub9ac\ud558\uace0 \ubd84\uc11d\ud558\uc5ec \uc0c8\ub85c\uc6b4 \ud1b5\ucc30\ub825\uc744 \ub3c4\ucd9c\ud558\ub294 \ub370 \uae30\uc5ec\ud569\ub2c8\ub2e4.<\/p>\n<p>5.3. \ubd84\uc0b0\uc6d0\uc7a5\uae30\uc220(DLT) \ubc0f \ube14\ub85d\uccb4\uc778: \ud22c\uba85\uc131 \ubc0f \ud6a8\uc728\uc131 \ud601\uc2e0<\/p>\n<p>DLT, \ud2b9\ud788 \ube14\ub85d\uccb4\uc778 \uae30\uc220\uc740 \uc790\ubcf8 \uc2dc\uc7a5\uc758 \uac70\ub798 \ud6c4(post-trade) \ud504\ub85c\uc138\uc2a4\ub97c \ud601\uc2e0\ud560 \uc7a0\uc7ac\ub825\uc744 \uac00\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. DLT\ub294 \uac70\ub798\uc758 \ud22c\uba85\uc131\uc744 \ub192\uc774\uace0, \uacb0\uc81c \uc2dc\uac04\uc744 \ub2e8\ucd95\ud558\uba70, \uc911\uac1c\uc790 \uc218\ub97c \uc904\uc5ec \ube44\uc6a9\uc744 \uc808\uac10\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 DLT\ub97c \uc0ac\uc6a9\ud558\uc5ec \uc99d\uad8c \ubc1c\ud589, \uac70\ub798, \uccad\uc0b0 \ubc0f \uacb0\uc81c\ub97c \uac04\uc18c\ud654\ud558\ub294 \ud30c\uc77c\ub7ff \ud504\ub85c\uc81d\ud2b8\ub97c \uc9c4\ud589\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ud1a0\ud070\ud654\ub41c \uc790\uc0b0\uc740 DLT\ub97c \ud1b5\ud574 \ubc1c\ud589 \ubc0f \uac70\ub798\ub420 \uc218 \uc788\uc73c\uba70, \uc774\ub294 \uc0c8\ub85c\uc6b4 \uc720\ub3d9\uc131 \ud480\uc744 \uc0dd\uc131\ud558\uace0 \uc18c\uc561 \ud22c\uc790\uc790\uc5d0\uac8c \uc811\uadfc\uc131\uc744 \uc81c\uacf5\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc2a4\ub9c8\ud2b8 \uacc4\uc57d\uc740 \uac70\ub798 \uc870\uac74\uc744 \uc790\ub3d9\ud654\ud558\uace0 \uc774\ud589\ud558\uc5ec \uc218\ub3d9 \uc624\ub958\ub97c \uc904\uc774\uace0 \ud6a8\uc728\uc131\uc744 \ub192\uc785\ub2c8\ub2e4.<\/p>\n<p>5.4. \uc591\uc790 \ucef4\ud4e8\ud305: \ubbf8\ub798\uc758 \ub3c4\uc804\uacfc \uae30\ud68c<\/p>\n<p>\uc591\uc790 \ucef4\ud4e8\ud305\uc740 \uc544\uc9c1 \ucd08\uae30 \ub2e8\uacc4\uc5d0 \uc788\uc9c0\ub9cc, \ubbf8\ub798\uc758 \uc790\ubcf8 \uc2dc\uc7a5\uc5d0 \uc5c4\uccad\ub09c \uc601\ud5a5\uc744 \ubbf8\uce60 \uc7a0\uc7ac\ub825\uc744 \uac00\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc591\uc790 \ucef4\ud4e8\ud305\uc740 \ud604\uc7ac\uc758 \ucef4\ud4e8\ud130\ub85c\ub294 \ud574\uacb0\ud558\uae30 \uc5b4\ub824\uc6b4 \ubcf5\uc7a1\ud55c \ucd5c\uc801\ud654 \ubb38\uc81c, \uc554\ud638\ud654 \ubb38\uc81c, \uadf8\ub9ac\uace0 \uae08\uc735 \ubaa8\ub378\ub9c1 \ubb38\uc81c\ub97c \ud574\uacb0\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ub9ac\uc2a4\ud06c \uad00\ub9ac, \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ucd5c\uc801\ud654, \uadf8\ub9ac\uace0 \uace0\ube48\ub3c4 \uac70\ub798 \uc804\ub7b5\uc5d0 \ud601\uba85\uc801\uc778 \ubcc0\ud654\ub97c \uac00\uc838\uc62c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc591\uc790 \ucef4\ud4e8\ud305\uc740 \ub610\ud55c \ud604\uc7ac\uc758 \uc554\ud638\ud654 \uc2dc\uc2a4\ud15c\uc744 \ubb34\ub825\ud654\ud560 \uc218 \uc788\ub294 \uc7a0\uc7ac\ub825\uc744 \uac00\uc9c0\uace0 \uc788\uc5b4, \uc0ac\uc774\ubc84 \ubcf4\uc548\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \ub3c4\uc804\uc744 \uc81c\uae30\ud569\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc591\uc790 \ucef4\ud4e8\ud305\uc758 \ubc1c\uc804\uc744 \uba74\ubc00\ud788 \uc8fc\uc2dc\ud558\uba70, \uc7a0\uc7ac\uc801\uc778 \uae30\ud68c\uc640 \uc704\ud611\uc5d0 \ub300\ube44\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>5.5. \uc0ac\uc774\ubc84 \ubcf4\uc548: \ub04a\uc784\uc5c6\uc774 \uc9c4\ud654\ud558\ub294 \uc704\ud611\uc5d0 \ub300\ud55c \ubc29\uc5b4<\/p>\n<p>\uae30\uc220 \ubc1c\uc804\uacfc \ub514\uc9c0\ud138\ud654\uc758 \uac00\uc18d\ud654\ub294 \uc0ac\uc774\ubc84 \ubcf4\uc548\uc758 \uc911\uc694\uc131\uc744 \ub354\uc6b1 \ubd80\uac01\uc2dc\ud0a4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \ub300\uaddc\ubaa8 \uae08\uc735 \uc790\uc0b0\uacfc \ubbfc\uac10\ud55c \ub370\uc774\ud130\ub97c \ucc98\ub9ac\ud558\uae30 \ub54c\ubb38\uc5d0 \uc0ac\uc774\ubc84 \uacf5\uaca9\uc758 \uc8fc\uc694 \ud45c\uc801\uc774 \ub429\ub2c8\ub2e4. \ub79c\uc12c\uc6e8\uc5b4, \ud53c\uc2f1, \ubd84\uc0b0 \uc11c\ube44\uc2a4 \uac70\ubd80(DDoS) \uacf5\uaca9\uacfc \uac19\uc740 \uc704\ud611\uc740 \ub04a\uc784\uc5c6\uc774 \uc9c4\ud654\ud558\uace0 \uc788\uc73c\uba70, \uac70\ub798\uc18c\ub294 \uc774\ub7ec\ud55c \uc704\ud611\uc73c\ub85c\ubd80\ud130 \uc2dc\uc2a4\ud15c\uacfc \ub370\uc774\ud130\ub97c \ubcf4\ud638\ud558\uae30 \uc704\ud574 \uc9c0\uc18d\uc801\uc73c\ub85c \ud22c\uc790\ud574\uc57c \ud569\ub2c8\ub2e4. \ub2e4\ub2e8\uacc4 \uc778\uc99d, \uc554\ud638\ud654, \uce68\uc785 \ud0d0\uc9c0 \uc2dc\uc2a4\ud15c, \uadf8\ub9ac\uace0 \uc815\uae30\uc801\uc778 \ubcf4\uc548 \uac10\uc0ac\uc640 \uac19\uc740 \uac15\ub825\ud55c \uc0ac\uc774\ubc84 \ubcf4\uc548 \uc870\uce58\ub294 \uc2dc\uc7a5\uc758 \uc2e0\ub8b0\uc640 \ubb34\uacb0\uc131\uc744 \uc720\uc9c0\ud558\ub294 \ub370 \ud544\uc218\uc801\uc785\ub2c8\ub2e4. \ub610\ud55c, \uc0ac\uc774\ubc84 \uc704\ud611 \uc815\ubcf4 \uacf5\uc720 \ubc0f \uc5c5\uacc4 \ud611\ub825\uc740 \ud6a8\uacfc\uc801\uc778 \ubc29\uc5b4 \uc804\ub7b5\uc744 \uad6c\ucd95\ud558\ub294 \ub370 \uc911\uc694\ud569\ub2c8\ub2e4.<\/p>\n<p>6. \uaddc\uc81c \ud658\uacbd: \ubcc0\ud654\ud558\ub294 \uc2dc\uc7a5\uc5d0 \ub300\ud55c \uc801\uc751<\/p>\n<p>\uc790\ubcf8 \uc2dc\uc7a5\uc758 \uaddc\uc81c \ud658\uacbd\uc740 \uae30\uc220 \ubc1c\uc804, \uc0c8\ub85c\uc6b4 \uc790\uc0b0 \ud074\ub798\uc2a4\uc758 \ucd9c\ud604, \uadf8\ub9ac\uace0 \uae00\ub85c\ubc8c \uae08\uc735 \uc548\uc815\uc131 \uc720\uc9c0\uc758 \ud544\uc694\uc131\uc5d0 \ub530\ub77c \ub04a\uc784\uc5c6\uc774 \uc9c4\ud654\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uaddc\uc81c \ub2f9\uad6d\uc740 \uc2dc\uc7a5\uc758 \ud6a8\uc728\uc131, \ud22c\uba85\uc131, \uadf8\ub9ac\uace0 \ud22c\uc790\uc790 \ubcf4\ud638\ub97c \ubcf4\uc7a5\ud558\uae30 \uc704\ud574 \ub178\ub825\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>6.1. MiFID II \ubc0f \uae30\ud0c0 \uae00\ub85c\ubc8c \uaddc\uc81c: \uc2dc\uc7a5 \ud22c\uba85\uc131 \ubc0f \ud6a8\uc728\uc131 \uac15\ud654<\/p>\n<p>\uc720\ub7fd\uc758 MiFID II(Markets in Financial Instruments Directive II)\uc640 \uac19\uc740 \uaddc\uc81c\ub294 \uc2dc\uc7a5 \ud22c\uba85\uc131\uc744 \ub192\uc774\uace0, \uac70\ub798 \uc2e4\ud589\uc744 \uac1c\uc120\ud558\uba70, \ud22c\uc790\uc790 \ubcf4\ud638\ub97c \uac15\ud654\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uaddc\uc81c\ub294 \uac70\ub798\uc18c\uc5d0 \ub354 \uc5c4\uaca9\ud55c \ubcf4\uace0 \uc758\ubb34, \uc2dc\uc7a5 \ub370\uc774\ud130 \uacf5\uac1c \uc694\uac74, \uadf8\ub9ac\uace0 \uc54c\uace0\ub9ac\uc998 \uac70\ub798\uc5d0 \ub300\ud55c \ud1b5\uc81c\ub97c \uc694\uad6c\ud569\ub2c8\ub2e4. \uc804 \uc138\uacc4\uc801\uc73c\ub85c \uc720\uc0ac\ud55c \uaddc\uc81c\ub4e4\uc774 \ub3c4\uc785\ub418\uba74\uc11c, \uac70\ub798\uc18c\ub294 \uaddc\uc81c \uc900\uc218\ub97c \uc704\ud574 \uae30\uc220 \ubc0f \ud504\ub85c\uc138\uc2a4\uc5d0 \uc0c1\ub2f9\ud55c \ud22c\uc790\ub97c \ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc2dc\uc7a5 \ub370\uc774\ud130 \uad00\ub9ac, \uac70\ub798 \uac10\uc2dc, \uadf8\ub9ac\uace0 \ubcf4\uace0 \uc2dc\uc2a4\ud15c\uc758 \ubcf5\uc7a1\uc131\uc744 \uc99d\uac00\uc2dc\ud0b5\ub2c8\ub2e4.<\/p>\n<p>6.2. \uc554\ud638\ud654\ud3d0 \uaddc\uc81c: \uba85\ud655\uc131 \ubaa8\uc0c9 \ubc0f \uc81c\ub3c4\ud654<\/p>\n<p>\uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc758 \uae09\uc18d\ud55c \uc131\uc7a5\uc740 \uc804 \uc138\uacc4 \uaddc\uc81c \ub2f9\uad6d\uc5d0 \uc0c8\ub85c\uc6b4 \ub3c4\uc804\uc744 \uc81c\uae30\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc554\ud638\ud654\ud3d0\uc758 \ubc95\uc801 \uc131\uaca9(\uc99d\uad8c, \uc0c1\ud488, \ud1b5\ud654 \ub4f1)\uc5d0 \ub300\ud55c \ubd88\ud655\uc2e4\uc131\uc740 \uaddc\uc81c \ud504\ub808\uc784\uc6cc\ud06c \uac1c\ubc1c\uc744 \uc5b4\ub835\uac8c \ub9cc\ub4e4\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uac01\uad6d \uc815\ubd80\ub294 \uc810\ucc28 \uc554\ud638\ud654\ud3d0\uc5d0 \ub300\ud55c \uaddc\uc81c \uba85\ud655\uc131\uc744 \uc81c\uacf5\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc758 \uc81c\ub3c4\ud654\ub97c \ucd09\uc9c4\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \ub77c\uc774\uc120\uc2a4 \ucde8\ub4dd, AML\/CFT \uaddc\uc815 \uc900\uc218, \uadf8\ub9ac\uace0 \ud22c\uc790\uc790 \ubcf4\ud638 \uc870\uce58 \ub9c8\ub828\uc744 \ud1b5\ud574 \uaddc\uc81c \ud658\uacbd\uc5d0 \uc801\uc751\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc2a4\ud14c\uc774\ube14\ucf54\uc778 \ubc0f \uc911\uc559\uc740\ud589 \ub514\uc9c0\ud138 \ud1b5\ud654(CBDC)\uc5d0 \ub300\ud55c \uaddc\uc81c \ub17c\uc758\ub3c4 \ud65c\ubc1c\ud558\uac8c \uc9c4\ud589\ub418\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ubbf8\ub798\uc758 \uacb0\uc81c \ubc0f \uae08\uc735 \uc2dc\uc2a4\ud15c\uc5d0 \ud070 \uc601\ud5a5\uc744 \ubbf8\uce60 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>6.3. ESG(\ud658\uacbd, \uc0ac\ud68c, \uc9c0\ubc30\uad6c\uc870) \uaddc\uc81c: \uc9c0\uc18d \uac00\ub2a5\ud55c \uae08\uc735\uc73c\ub85c\uc758 \uc804\ud658<\/p>\n<p>ESG \uc694\uc18c\ub294 \ud22c\uc790 \uacb0\uc815\uc5d0 \uc810\uc810 \ub354 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud558\uace0 \uc788\uc73c\uba70, \uaddc\uc81c \ub2f9\uad6d\uc740 \uc9c0\uc18d \uac00\ub2a5\ud55c \uae08\uc735\uc744 \ucd09\uc9c4\ud558\uae30 \uc704\ud55c \uc0c8\ub85c\uc6b4 \uaddc\uc81c\ub97c \ub3c4\uc785\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 ESG \uad00\ub828 \uc815\ubcf4 \uacf5\uac1c \uc694\uac74\uc744 \uac15\ud654\ud558\uace0, ESG \uc9c0\uc218\ub97c \uac1c\ubc1c\ud558\uba70, \ub179\uc0c9 \ucc44\uad8c(green bonds) \ubc0f \uc9c0\uc18d \uac00\ub2a5\uc131 \uad00\ub828 \uae08\uc735 \uc0c1\ud488\uc758 \uc0c1\uc7a5\uc744 \uc7a5\ub824\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uae30\uc5c5\ub4e4\uc774 ESG \uc131\uacfc\ub97c \uac1c\uc120\ud558\uace0, \ud22c\uc790\uc790\ub4e4\uc774 \uc9c0\uc18d \uac00\ub2a5\ud55c \ud22c\uc790\ub97c \ud560 \uc218 \uc788\ub3c4\ub85d \uc9c0\uc6d0\ud558\ub294 \ub370 \uae30\uc5ec\ud569\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc790\uccb4 \uc6b4\uc601\uc5d0\uc11c\ub3c4 ESG \uc6d0\uce59\uc744 \ud1b5\ud569\ud558\uc5ec \uae30\uc5c5\uc758 \uc0ac\ud68c\uc801 \ucc45\uc784\uc744 \ub2e4\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>6.4. \uc2dc\uc7a5 \uc778\ud504\ub77c \ubcf5\uc6d0\ub825 \ubc0f \uc0ac\uc774\ubc84 \ubcf4\uc548 \uaddc\uc81c: \uc2dc\uc2a4\ud15c \ubcf4\ud638 \uac15\ud654<\/p>\n<p>\uae08\uc735 \uc2dc\uc7a5 \uc778\ud504\ub77c\uc758 \uc911\uc694\uc131\uc744 \uace0\ub824\ud560 \ub54c, \uaddc\uc81c \ub2f9\uad6d\uc740 \uc2dc\uc2a4\ud15c \ubcf5\uc6d0\ub825\uacfc \uc0ac\uc774\ubc84 \ubcf4\uc548\uc5d0 \ub300\ud55c \uc694\uad6c \uc0ac\ud56d\uc744 \uac15\ud654\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc0ac\uc774\ubc84 \uacf5\uaca9, \uc2dc\uc2a4\ud15c \uc7a5\uc560, \uadf8\ub9ac\uace0 \uae30\ud0c0 \uc6b4\uc601 \uc704\ud5d8\uc73c\ub85c\ubd80\ud130 \uc2dc\uc7a5\uc744 \ubcf4\ud638\ud558\uae30 \uc704\ud574 \uac15\ub825\ud55c \ubcf4\uc548 \ud504\ub808\uc784\uc6cc\ud06c, \uc7ac\ud574 \ubcf5\uad6c \uacc4\ud68d, \uadf8\ub9ac\uace0 \ube44\uc988\ub2c8\uc2a4 \uc5f0\uc18d\uc131 \uacc4\ud68d\uc744 \uac16\ucd94\uc5b4\uc57c \ud569\ub2c8\ub2e4. \uc815\uae30\uc801\uc778 \uc2a4\ud2b8\ub808\uc2a4 \ud14c\uc2a4\ud2b8\uc640 \ucde8\uc57d\uc810 \ud3c9\uac00\ub294 \uc774\ub7ec\ud55c \uaddc\uc81c \uc900\uc218\ub97c \ubcf4\uc7a5\ud558\ub294 \ub370 \ud544\uc218\uc801\uc785\ub2c8\ub2e4. \uaddc\uc81c \ub2f9\uad6d\uc740 \ub610\ud55c \uae08\uc735 \uae30\uad00 \uac04\uc758 \uc0ac\uc774\ubc84 \uc704\ud611 \uc815\ubcf4 \uacf5\uc720\ub97c \uc7a5\ub824\ud558\uc5ec \uc5c5\uacc4 \uc804\ubc18\uc758 \ubc29\uc5b4 \ub2a5\ub825\uc744 \uac15\ud654\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>7. \uacb0\ub860: \ub04a\uc784\uc5c6\uc774 \uc9c4\ud654\ud558\ub294 \uc790\ubcf8 \uc2dc\uc7a5 \uc778\ud504\ub77c<\/p>\n<p>\uc790\ubcf8 \uc2dc\uc7a5 \uc778\ud504\ub77c\ub294 \uae30\uc220 \ud601\uc2e0, \uc0c8\ub85c\uc6b4 \uc790\uc0b0 \ud074\ub798\uc2a4\uc758 \ucd9c\ud604, \uadf8\ub9ac\uace0 \ubcc0\ud654\ud558\ub294 \uaddc\uc81c \ud658\uacbd\uc5d0 \uc758\ud574 \ub04a\uc784\uc5c6\uc774 \uc7ac\ud3b8\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \ub2e8\uc21c\ud55c \uac70\ub798 \uc7a5\uc18c\ub97c \ub118\uc5b4, \ub370\uc774\ud130 \ubd84\uc11d, \ub9ac\uc2a4\ud06c \uad00\ub9ac, \uccad\uc0b0 \ubc0f \uacb0\uc81c, \uadf8\ub9ac\uace0 \uc0c8\ub85c\uc6b4 \uae08\uc735 \uc0c1\ud488 \uac1c\ubc1c\uc744 \uc704\ud55c \ud1b5\ud569 \ud50c\ub7ab\ud3fc\uc73c\ub85c \uc9c4\ud654\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ubbf8\ub798\uc758 \uc790\ubcf8 \uc2dc\uc7a5 \uc778\ud504\ub77c\ub294 \ub354\uc6b1 \uc0c1\ud638 \uc5f0\uacb0\ub418\uace0, \uc790\ub3d9\ud654\ub418\uba70, \uc9c0\ub2a5\ud654\ub420 \uac83\uc785\ub2c8\ub2e4. AI\uc640 ML\uc740 \ud6a8\uc728\uc131\uacfc \ud1b5\ucc30\ub825\uc744 \ub192\uc774\uace0, DLT\ub294 \ud22c\uba85\uc131\uacfc \uacb0\uc81c \ud6a8\uc728\uc131\uc744 \ud601\uc2e0\ud558\uba70, \ud074\ub77c\uc6b0\ub4dc \ucef4\ud4e8\ud305\uc740 \ud655\uc7a5\uc131\uacfc \uc720\uc5f0\uc131\uc744 \uc81c\uacf5\ud560 \uac83\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uae30\uc220\uc801 \uc9c4\ubcf4\ub294 \uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub4e4\uc5d0\uac8c \ub354 \ube60\ub974\uace0, \uc800\ub834\ud558\uba70, \uc548\uc804\ud55c \uac70\ub798 \ud658\uacbd\uc744 \uc81c\uacf5\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>\uadf8\ub7ec\ub098 \uc774\ub7ec\ud55c \ubc1c\uc804\uacfc \ud568\uaed8 \uc0c8\ub85c\uc6b4 \ub3c4\uc804 \uacfc\uc81c\ub3c4 \ubc1c\uc0dd\ud569\ub2c8\ub2e4. \uc0ac\uc774\ubc84 \ubcf4\uc548 \uc704\ud611\uc740 \ub354\uc6b1 \uc815\uad50\ud574\uc9c0\uace0, \uaddc\uc81c \ud658\uacbd\uc740 \ub354\uc6b1 \ubcf5\uc7a1\ud574\uc9c8 \uac83\uc785\ub2c8\ub2e4. \uac70\ub798\uc18c\ub294 \uc774\ub7ec\ud55c \ub3c4\uc804\uc5d0 \ud6a8\uacfc\uc801\uc73c\ub85c \ub300\uc751\ud558\uae30 \uc704\ud574 \uc9c0\uc18d\uc801\uc73c\ub85c \ud601\uc2e0\ud558\uace0, \uae30\uc220\uc5d0 \ud22c\uc790\ud558\uba70, \uaddc\uc81c \ub2f9\uad6d \ubc0f \uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub4e4\uacfc \uae34\ubc00\ud788 \ud611\ub825\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n<p>\uad81\uadf9\uc801\uc73c\ub85c, \uc790\ubcf8 \uc2dc\uc7a5 \uc778\ud504\ub77c\uc758 \ubbf8\ub798\ub294 \uae30\uc220\uc801 \uc5ed\ub7c9\uacfc \uaddc\uc81c\uc801 \ucc45\uc784 \uc0ac\uc774\uc758 \uade0\ud615\uc744 \uc720\uc9c0\ud558\ub294 \ub370 \ub2ec\ub824 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uade0\ud615\uc744 \ud1b5\ud574 \uac70\ub798\uc18c\ub294 \uae00\ub85c\ubc8c \uacbd\uc81c \uc131\uc7a5\uc744 \uc9c0\uc6d0\ud558\uace0, \uc790\ubcf8 \ubc30\ubd84\uc744 \ucd09\uc9c4\ud558\uba70, \ubaa8\ub4e0 \uc2dc\uc7a5 \ucc38\uc5ec\uc790\uc5d0\uac8c \uc2e0\ub8b0\ud560 \uc218 \uc788\uace0 \ud6a8\uc728\uc801\uc778 \ud658\uacbd\uc744 \uc81c\uacf5\ud558\ub294 \ud575\uc2ec\uc801\uc778 \uc5ed\ud560\uc744 \uacc4\uc18d \uc218\ud589\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>\ubcf8 \ubcf4\uace0\uc11c\ub294 \uae00\ub85c\ubc8c \uc790\ubcf8\uac70\ub798\uc18c \uc0dd\ud0dc\uacc4 \uc2dc\uc7a5\uc5d0 \ub300\ud55c \uc2ec\uce35 \ubd84\uc11d\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \uc790\ubcf8 \uc2dc\uc7a5\uc740 \uc8fc\uc2dd, \uc99d\uad8c, \ubba4\ucd94\uc5bc \ud380\ub4dc, \uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc(ETF) \ub4f1\uc73c\ub85c \uad6c\uc131\ub418\uba70, \uae08\uc735 \ud22c\uc790\uc758 \ucde8\ub4dd \ubc0f \ucc98\ubd84\uc774 \uc774\ub8e8\uc5b4\uc9c0\ub294 \ud575\uc2ec\uc801\uc778 \uc7a5\uc18c\uc785\ub2c8\ub2e4. \ud2b9\ud788 \uc8fc\uc2dd \uac70\ub798\uc18c\ub294 \ubc1c\ud589\ub41c \uc8fc\uc2dd\uacfc \ucc44\uad8c\uc774 \uac70\ub798\ub418\ub294 \uc8fc\uc694 \ub9e4\uac1c\uccb4 \uc5ed\ud560\uc744 \uc218\ud589\ud569\ub2c8\ub2e4. 2026\ub144 \uae30\uc900 1,184.29\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc600\ub358 \uc774 \uc2dc\uc7a5\uc740 2031\ub144\uae4c\uc9c0 1,565.32\uc5b5 \ub2ec\ub7ec\uc5d0 \uc774\ub97c \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4.<\/p>\n<p>\uc2dc\uc7a5\uc740 \uc2dc\uc7a5 \uad6c\uc131(\ubc1c\ud589 \uc2dc\uc7a5, \uc720\ud1b5 \uc2dc\uc7a5), \uc790\ubcf8 \uc2dc\uc7a5(\uc8fc\uc2dd \uc2dc\uc7a5, \ucc44\uad8c \uc2dc\uc7a5), \uc8fc\uc2dd \uc720\ud615(\ubcf4\ud1b5\uc8fc \ubc0f \uc6b0\uc120\uc8fc, \uc131\uc7a5\uc8fc, \uac00\uce58\uc8fc, \ubc29\uc5b4\uc8fc \ub4f1), \ucc44\uad8c \uc720\ud615(\uad6d\ucc44, \ud68c\uc0ac\ucc44, \uc9c0\ubc29\ucc44, \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c \ub4f1) \ubc0f \uc9c0\uc5ed\ubcc4\ub85c \uc138\ubd84\ud654\ub429\ub2c8\ub2e4. \uc9c0\uc5ed\ubcc4 \ubd84\uc11d\uc740 \ubd81\ubbf8, \ub0a8\ubbf8, \uc720\ub7fd, \uc544\uc2dc\uc544-\ud0dc\ud3c9\uc591, \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74\ub97c \ud3ec\ud568\ud558\uba70, \uac01 \ub300\ub959 \ub0b4 \uc8fc\uc694 \uad6d\uac00 \ubc0f \uc138\ubd80 \uc9c0\uc5ed\uc744 \ub9dd\ub77c\ud569\ub2c8\ub2e4.<\/p>\n<p>\uc2dc\uc7a5 \uc131\uc7a5\uc744 \uacac\uc778\ud558\ub294 \uc8fc\uc694 \ub3d9\uc778\uc73c\ub85c\ub294 \ub514\uc9c0\ud138 \uc99d\uad8c \uc911\uac1c \ud50c\ub7ab\ud3fc\uc744 \ud1b5\ud55c \uac1c\uc778 \ud22c\uc790\uc790 \ucc38\uc5ec \uc99d\uac00, \uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc(ETF)\uc640 \uac19\uc740 \uc9c0\uc218 \uae30\ubc18 \ud328\uc2dc\ube0c \ud22c\uc790 \uc0c1\ud488\uc758 \uc131\uc7a5, \uad6d\uacbd \uac04 \uc0c1\uc7a5 \ubc0f \uc790\ubcf8 \ud750\ub984 \ud655\ub300, \uc804\uc790 \ubc0f \uc54c\uace0\ub9ac\uc998 \uac70\ub798 \uc778\ud504\ub77c\uc758 \ud655\uc7a5\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c, \uc2e4\ubb3c \uc790\uc0b0\uc758 \ud1a0\ud070\ud654\ub97c \ud1b5\ud55c \ubd84\ud560 \uac70\ub798 \uac00\ub2a5\uc131 \uc99d\ub300\uc640 ESG \ub370\uc774\ud130 \ubd84\uc11d \ud1b5\ud569\uc744 \ud1b5\ud55c \uac70\ub798\uc18c \uc0c1\ud488 \ucc28\ubcc4\ud654\ub3c4 \uc911\uc694\ud55c \uc131\uc7a5 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud569\ub2c8\ub2e4.<\/p>\n<p>\ubc18\uba74, \uc2dc\uc7a5 \ud655\uc7a5\uc744 \uc800\ud574\ud558\ub294 \uc8fc\uc694 \uc81c\uc57d \uc694\uc778\uc73c\ub85c\ub294 \uad00\ud560\uad8c\ubcc4 \uaddc\uc81c \ud30c\ud3b8\ud654\ub85c \uc778\ud55c \uaddc\uc81c \uc900\uc218 \ube44\uc6a9 \ubc0f \uc6b4\uc601 \ubcf5\uc7a1\uc131 \uc99d\uac00, \uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \ubc0f \uc2dc\uc2a4\ud15c \ub9ac\uc2a4\ud06c \uc6b0\ub824, \uc0ac\uc774\ubc84 \ubcf4\uc548 \uc704\ud611\uc73c\ub85c \uc778\ud55c \uac70\ub798\uc18c \uc6b4\uc601 \ube44\uc6a9 \uc0c1\uc2b9, \uadf8\ub9ac\uace0 \uacb0\uc81c \uc2dc\uc2a4\ud15c \ud604\ub300\ud654 \uc9c0\uc5f0\uc73c\ub85c \uc778\ud55c \uc7a5\uc911 \uc720\ub3d9\uc131 \ud65c\uc6a9 \uc81c\ud55c \ub4f1\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ubcf8 \ubcf4\uace0\uc11c\ub294 \ub610\ud55c \uac00\uce58\/\uacf5\uae09\ub9dd \ubd84\uc11d, \uaddc\uc81c \ud658\uacbd, \uae30\uc220 \uc804\ub9dd, \uadf8\ub9ac\uace0 Porter\uc758 5\uac00\uc9c0 \uacbd\uc7c1 \uc694\uc778(\uc2e0\uaddc \uc9c4\uc785\uc790\uc758 \uc704\ud611, \uacf5\uae09\uc790 \ubc0f \uad6c\ub9e4\uc790\uc758 \uad50\uc12d\ub825, \ub300\uccb4\uc7ac\uc758 \uc704\ud611, \uacbd\uc7c1 \uac15\ub3c4) \ubd84\uc11d\uc744 \ud1b5\ud574 \uc2dc\uc7a5\uc758 \uad6c\uc870\uc801 \ud2b9\uc131\uc744 \uc2ec\uce35\uc801\uc73c\ub85c \ub2e4\ub8f9\ub2c8\ub2e4.<\/p>\n<p>\uacbd\uc7c1 \ud658\uacbd \ubd84\uc11d\uc740 \uc2dc\uc7a5 \uc9d1\uc911\ub3c4, \uc8fc\uc694 \uc804\ub7b5\uc801 \uc6c0\uc9c1\uc784, \uc2dc\uc7a5 \uc810\uc720\uc728 \ud3c9\uac00\ub97c \ud3ec\ud568\ud569\ub2c8\ub2e4. CME Group, Intercontinental Exchange, Nasdaq, London Stock Exchange Group, Hong Kong Exchanges &#038; Clearing, Deutsche B\u00f6rse, Japan Exchange Group, Euronext, Shanghai Stock Exchange, Shenzhen Stock Exchange, B3 S.A., TMX Group, Singapore Exchange, Australian Securities Exchange, SIX Group, Korea Exchange, National Stock Exchange of India, Bolsa Mexicana de Valores, Johannesburg Stock Exchange, Saudi Tadawul Group \ub4f1 \uc8fc\uc694 \uae00\ub85c\ubc8c \uac70\ub798\uc18c\ub4e4\uc758 \uc0c1\uc138 \uae30\uc5c5 \ud504\ub85c\ud544\uc774 \uc81c\uacf5\ub429\ub2c8\ub2e4.<\/p>\n<p>\ud5a5\ud6c4 \uc2dc\uc7a5 \uae30\ud68c\ub85c\ub294 \ud0c4\uc18c \ubc30\ucd9c\uad8c \ubc0f \uc9c0\uc18d\uac00\ub2a5\uc131 \uc5f0\uacc4 \uc99d\uad8c \uc0c1\uc7a5\uc758 \uc99d\uac00\uc640 \uc778\uacf5\uc9c0\ub2a5(AI) \uae30\ubc18\uc758 \uaddc\uc81c \uc900\uc218 \ubc0f \uac10\uc2dc \uc11c\ube44\uc2a4 \uc218\uc775\ud654\uac00 \uc81c\uc2dc\ub429\ub2c8\ub2e4.<\/p>\n<p>\ubcf8 \ubcf4\uace0\uc11c\uc758 \ud575\uc2ec \uc9c8\ubb38\uc5d0 \ub300\ud55c \ub2f5\ubcc0\uc5d0 \ub530\ub974\uba74, \uae00\ub85c\ubc8c \uc790\ubcf8 \uc2dc\uc7a5 \uac70\ub798\uc18c \uc2dc\uc7a5\uc740 2026\ub144 1,184.29\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc5d0\uc11c 2031\ub144\uae4c\uc9c0 1,565.32\uc5b5 \ub2ec\ub7ec\ub85c \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4. \ud2b9\ud788 \ubc1c\ud589 \uc2dc\uc7a5(Primary Market)\uc740 \uae30\uc220 \ubc0f \uc9c0\uc18d\uac00\ub2a5\uc131 \uc911\uc2ec\uc758 \uae30\uc5c5\uacf5\uac1c(IPO) \ud30c\uc774\ud504\ub77c\uc778\uc5d0 \ud798\uc785\uc5b4 \uc5f0\ud3c9\uade0 11.21%\ub85c \uac00\uc7a5 \ube60\ub974\uac8c \uc131\uc7a5\ud558\ub294 \ubd80\ubb38\uc785\ub2c8\ub2e4. \uc804\uc790 \ucc44\uad8c \ud50c\ub7ab\ud3fc\uc740 \ud22c\uba85\ud55c \uac00\uaca9 \ucc45\uc815 \ubc0f \uacb0\uc81c \uc704\ud5d8 \uac10\uc18c\uc5d0 \uae30\uc5ec\ud558\uba70 \ucc44\uad8c \uc2dc\uc7a5\uc774 \uc5f0\ud3c9\uade0 7.95% \uc131\uc7a5\ud558\ub294 \ub370 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud569\ub2c8\ub2e4. \uc9c0\uc5ed\ubcc4\ub85c\ub294 \ub514\uc9c0\ud138 \uc911\uac1c \ud50c\ub7ab\ud3fc \ucc44\ud0dd\uacfc ETF \ubc1c\ud589 \uc99d\uac00\uc5d0 \ud798\uc785\uc5b4 \uc544\uc2dc\uc544-\ud0dc\ud3c9\uc591 \uc9c0\uc5ed\uc774 2031\ub144\uae4c\uc9c0 \uc5f0\ud3c9\uade0 9.45%\ub85c \uac00\uc7a5 \ube60\ub978 \uc131\uc7a5\uc744 \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4. \uc8fc\uc694 \uc81c\uc57d \uc694\uc778\uc740 \uad00\ud560\uad8c\ubcc4 \uc0c1\uc774\ud55c \uaddc\uc81c\ub85c \uc778\ud574 \uaddc\uc81c \uc900\uc218 \ube44\uc6a9\uacfc \uc6b4\uc601 \ubcf5\uc7a1\uc131\uc774 \uc99d\uac00\ud558\uc5ec \uc218\uc775 \ub9c8\uc9c4\uc744 \uac10\uc18c\uc2dc\ud0a4\ub294 \uc810\uc785\ub2c8\ub2e4.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-44076","post","type-post","status-publish","format-standard","hentry","category-market-reports"],"_links":{"self":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/posts\/44076"}],"collection":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/comments?post=44076"}],"version-history":[{"count":0,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/posts\/44076\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/media?parent=44076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/categories?post=44076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/tags?post=44076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}