{"id":277,"date":"2025-08-09T08:46:32","date_gmt":"2025-08-08T23:46:32","guid":{"rendered":"https:\/\/pmgineer.com\/?p=277"},"modified":"2025-08-14T22:00:14","modified_gmt":"2025-08-14T13:00:14","slug":"277","status":"publish","type":"post","link":"https:\/\/pmgineer.com\/?p=277","title":{"rendered":"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8"},"content":{"rendered":"\n

<\/p>\n\n\n\n

\uae00\ub85c\ubc8c \uacbd\uc81c \ud750\ub984\uacfc \uc8fc\uc694 \uc9c0\ud45c \ucd94\uc774 (2005~2025)<\/strong><\/p>\n\n\n\n

2000\ub144\ub300 \uc911\ubc18\uae4c\uc9c0 \uc138\uacc4\uacbd\uc81c\ub294 \ube44\uad50\uc801 \uc548\uc815\uc801\uc778 \uc131\uc7a5\uc138\ub97c \ubcf4\uc600\uc73c\ub098, 2008\ub144 \ubbf8\uad6d \uc11c\ube0c\ud504\ub77c\uc784 \ubaa8\uae30\uc9c0 \uc0ac\ud0dc\ub85c \ucd09\ubc1c\ub41c \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30\uac00 \uc138\uacc4\uacbd\uc81c\uc758 \ud070 \uc804\ud658\uc810\uc774 \ub418\uc5c8\uc2b5\ub2c8\ub2e4. 2008~09\ub144 \uae08\uc735\uc704\uae30\ub85c \uc138\uacc4 GDP \uc131\uc7a5\ub960\uc740 \uc804\ud6c4 \ucd5c\uc800 \uc218\uc900\uc73c\ub85c \ucd94\ub77d\ud588\uace0 2009\ub144\uc5d0\ub294 \uc804\uc138\uacc4 GDP\uac00 \ub9c8\uc774\ub108\uc2a4 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud558\ub294 \ub4f1 \ub300\uacf5\ud669 \uc774\ud6c4 \ucd5c\uc545\uc758 \uce68\uccb4\ub97c \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. \uae08\uc735\uc704\uae30\uc758 \ucda9\uaca9\uc73c\ub85c \uac01\uad6d \uacbd\uc81c\ub294 \uc7a0\uc7ac\uc131\uc7a5 \uacbd\ub85c \ub300\ube44 \uc601\uad6c\uc801\uc778 \uc0dd\uc0b0\uc190\uc2e4\uc744 \uc785\uc5c8\uace0, \uc774\ub294 \ud574\ub2f9 \uad6d\uac00\uac00 \uc740\ud589\uad8c \uc704\uae30\ub97c \uacaa\uc5c8\ub294\uc9c0 \uc5ec\ubd80\uc640 \ubb34\uad00\ud558\uac8c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \ud22c\uc790 \ubd80\uc9c4\uc774 \uc8fc\uc694 \uacbd\ub85c\uc600\uc73c\uba70, \uc790\ubcf8 \ucd95\uc801\uacfc \ucd1d\uc694\uc18c\uc0dd\uc0b0\uc131\ub3c4 \uc704\uae30 \uc774\uc804 \ucd94\uc138\uc5d0 \ube44\ud574 \ud06c\uac8c \ub0ae\uc544\uc9c0\ub294 \uc7a5\uae30 \ud6c4\uc720\uc99d\uc774 \ud655\uc778\ub429\ub2c8\ub2e4. \ub2e4\ub9cc \uc704\uae30 \uc9c1\ud6c4 \uac01\uad6d\uc774 \ucde8\ud55c \uc804\ub840 \uc5c6\ub294 \ub300\uaddc\ubaa8 \ud1b5\ud654\u00b7\uc7ac\uc815 \uc815\ucc45 \uc870\uce58\ub294 \uacbd\uae30 \ud68c\ubcf5\uc744 \ub4b7\ubc1b\uce68\ud558\uc5ec \uc774\ub7ec\ud55c \uc0dd\uc0b0\uc190\uc2e4\uc744 \uc77c\uc815 \ubd80\ubd84 \uc644\ud654\ud55c \uac83\uc73c\ub85c \ud3c9\uac00\ub429\ub2c8\ub2e4. \uc2e4\uc81c\ub85c \uc8fc\uc694 \uc911\uc559\uc740\ud589\ub4e4\uc740 \uc815\ucc45\uae08\ub9ac\ub97c \uc2e0\uc18d\ud788 \uc81c\ub85c \uc218\uc900\uc73c\ub85c \uc778\ud558\ud558\uace0 \ube44\uc804\ud1b5\uc801 \ud1b5\ud654\uc815\ucc45\uc778 \uc591\uc801\uc644\ud654(QE)\uc5d0 \ucc29\uc218\ud588\uc73c\uba70, \uc815\ubd80\ub4e4\ub3c4 \uacfc\uac10\ud55c \uc7ac\uc815 \ubd80\uc591\ucc45\uc744 \uc2dc\ud589\ud558\uc5ec \ub300\uacf5\ud669\u5f0f \uc7a5\uae30\uce68\uccb4\ub97c \ubc29\uc9c0\ud588\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc 2010\ub144\uc5d0\ub294 \uc138\uacc4 GDP\uac00 5% \uc774\uc0c1\uc758 \ub192\uc740 \ubc18\ub4f1\uc744 \ubcf4\uc774\uba70 \ube60\ub974\uac8c \ud68c\ubcf5\ub418\uc5c8\uc73c\ub098, \uc704\uae30 \uc774\uc804 \ucd94\uc138 \ub300\ube44 GDP \uaca9\ucc28\ub294 \uc5ec\uc804\ud788 \ud574\uc18c\ub418\uc9c0 \ubabb\ud55c \ucc44 \uc9c0\uc18d\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30 \uc774\ud6c4 2010\ub144\ub300 \uc911\ubc18\uae4c\uc9c0 \uc138\uacc4\uacbd\uc81c\ub294 \uc644\ub9cc\ud55c \uc131\uc7a5\uc138\ub97c \uc774\uc5b4\uac14\uc9c0\ub9cc \uc800\uc778\ud50c\ub808\uc774\uc158\uacfc \uc7a5\uae30 \uc800\uae08\ub9ac \uae30\uc870\uac00 \uad73\uc5b4\uc84c\uc2b5\ub2c8\ub2e4. \uc120\uc9c4\uad6d\ub4e4\uc740 \ucd08\uc800\uae08\ub9ac\ub97c \uc7a5\uae30\uac04 \uc720\uc9c0\ud588\uace0, \uc720\ub7fd\uacfc \uc77c\ubcf8\uc758 \uacbd\uc6b0 \ub9c8\uc774\ub108\uc2a4 \uae08\ub9ac\uae4c\uc9c0 \ub3c4\uc785\ud558\uba74\uc11c \uc2dc\uc911 \uc720\ub3d9\uc131\uc774 \ud48d\ubd80\ud574\uc84c\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \uc5f0\uc900(Fed)\uc740 2008\ub144\ubd80\ud130 2014\ub144\uae4c\uc9c0 \uc138 \ucc28\ub840\uc5d0 \uac78\uce5c QE\ub85c \uad6d\ucc44 \ubc0f MBS \ub4f1\uc744 \ub300\uaddc\ubaa8 \ub9e4\uc785\ud558\uc5ec \uc790\uc0b0\uaddc\ubaa8\ub97c \uc704\uae30 \uc804 8\ucc9c\uc5b5 \ub2ec\ub7ec \uc218\uc900\uc5d0\uc11c 4\uc870 \ub2ec\ub7ec \uc774\uc0c1\uc73c\ub85c \uae09\uc99d\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uacf5\uaca9\uc801\uc778 \ud1b5\ud654\uc644\ud654 \uc815\ucc45\uc740 \uacbd\uae30\ubd80\uc591\uacfc \uae08\uc735\uc2dc\uc7a5 \uc548\uc815\uc744 \ub3c4\uc654\uc9c0\ub9cc, \ud55c\ud3b8\uc73c\ub85c \ud48d\ubd80\ud55c \uc720\ub3d9\uc131\uc740 \uc790\uc0b0\uac00\uaca9\uc744 \ubc00\uc5b4\uc62c\ub9ac\uace0 \uae08\uc735 \ucde8\uc57d\uc131\uc744 \ud0a4\uc6b0\ub294 \ubd80\uc791\uc6a9\ub3c4 \uac00\uc838\uc654\uc2b5\ub2c8\ub2e4. 2010\ub144\ub300 \uc911\ubc18 \uc774\ud6c4 \ubbf8\uad6d \ub4f1 \uc77c\ubd80 \uc120\uc9c4\uad6d\uc740 \uc644\ub9cc\ud55c \uacbd\uae30\ud68c\ubcf5\uc744 \ubc14\ud0d5\uc73c\ub85c \uc591\uc801\uc644\ud654\ub97c \ucd95\uc18c\ud558\uace0 \uae08\ub9ac\uc815\uc0c1\ud654\uc5d0 \ub098\uc130\uc9c0\ub9cc, 2018\ub144 \ubbf8 \uc5f0\uc900\uc758 \uc591\uc801\uae34\ucd95(QT)\uacfc \uae08\ub9ac\uc778\uc0c1 \uc2dc\ub3c4\ub294 \uc8fc\uc2dd\uc2dc\uc7a5 \uc870\uc815 \ub4f1 \uae34\ucd95\ubc1c\uc791\uc744 \ubd88\ub7ec\uc77c\uc73c\ucf1c \uacb0\uad6d \uc870\uae30\uc5d0 \uc911\ub2e8\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc804\ubc18\uc801\uc73c\ub85c 2010\ub144\ub300 \uc138\uacc4\uacbd\uc81c \uc131\uc7a5\ub960\uc740 \uc7a0\uc7ac\uc131\uc7a5\ub960 \ud558\ub77d(\uc120\uc9c4\uad6d \uace0\ub839\ud654, \uc0dd\uc0b0\uc131 \uc815\uccb4 \ub4f1 \uad6c\uc870\uc694\uc778)\uacfc \uae00\ub85c\ubc8c \ubd88\uade0\ud615\uc73c\ub85c 2000\ub144\ub300\ubcf4\ub2e4 \ub0ae\uc544\uc9c4 3%\ub300\uc5d0 \uba38\ubb3c\ub800\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

2018~~2019\ub144\uc5d0\ub294 \ubbf8\u00b7\uc911 \ubb34\uc5ed\uc804\uc7c1\uc73c\ub85c \uc778\ud55c \uad00\uc138\uc778\uc0c1\uacfc \uc138\uacc4 \uad50\uc5ed\uc704\ucd95\uc774 \uacb9\uce58\uba70 \uae00\ub85c\ubc8c \uacbd\uae30\uac00 \ub3d9\ubc18 \ub454\ud654\ud588\uc2b5\ub2c8\ub2e4. IMF\uc5d0 \ub530\ub974\uba74 2019\ub144 \uc138\uacc4\uacbd\uc81c \uc131\uc7a5\ub960\uc740 3.0%\ub85c \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30 \uc9c1\ud6c4\uc778 2008~~09\ub144 \uc774\ub798 \ucd5c\uc800\uce58\ub97c \uae30\ub85d\ud588\uc73c\uba70, \ubbf8\u00b7\uc911 \uac04 \uad00\uc138\uc804\uc7c1\uc774 2020\ub144\uae4c\uc9c0 \uc138\uacc4 GDP\ub97c \ub204\uc801 0.8%\ud3ec\uc778\ud2b8 \uac10\uc18c\uc2dc\ud0ac \uac83\uc73c\ub85c \ucd94\uc815\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ubcf4\ud638\ubb34\uc5ed \uae30\uc870 \ud655\uc0b0\uacfc \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc740 \uae30\uc5c5\ub4e4\uc758 \ud22c\uc790\uc2ec\ub9ac\ub97c \uc704\ucd95\uc2dc\ucf1c \uc81c\uc870\uc5c5\uacfc \uad50\uc5ed\uc774 \uae09\uaca9\ud788 \ub454\ud654\ud588\uace0, \uc138\uacc4 \uad50\uc5ed\ub7c9 \uc99d\uac00\uc728\uc740 2019\ub144 \uc0c1\ubc18\uae30\uc5d0 1% \uc218\uc900\uae4c\uc9c0 \ub5a8\uc5b4\uc838 2012\ub144 \uc774\ud6c4 \ucd5c\uc800\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. \uc774\uc5d0 \ub300\uc751\ud558\uc5ec \uc8fc\uc694\uad6d \uc911\uc559\uc740\ud589\ub4e4\uc740 \uc120\uc81c\uc801 \ud1b5\ud654\uc644\ud654\ub85c \uc804\ud658\ud558\uc600\uace0, \ubb3c\uac00 \uc555\ub825\uc774 \ub0ae\uc740 \uac00\uc6b4\ub370 \uc815\ucc45\uc5ec\ub825\uc744 \ub3d9\uc6d0\ud574 \uae08\ub9ac\ub97c \uc778\ud558\ud568\uc73c\ub85c\uc368 \uc131\uc7a5\ud558\ubc29 \uc704\ud5d8\uc744 \ubc29\uc5b4\ud588\uc2b5\ub2c8\ub2e4. IMF \ubd84\uc11d\uc5d0 \ub530\ub974\uba74 \uc774\ub7ec\ud55c \ud1b5\ud654\uc644\ud654 \uc870\uce58\uac00 \uc5c6\uc5c8\ub2e4\uba74 2019~2020\ub144 \uc138\uacc4\uc131\uc7a5\ub960\uc774 \uc2e4\uc81c\ubcf4\ub2e4 \ub9e4\ub144 0.5%p \ub0ae\uc558\uc744 \uac83\uc774\ub77c\uace0 \ud3c9\uac00\ub429\ub2c8\ub2e4. \uc989, \ubb34\uc5ed\ubd84\uc7c1 \ub4f1\uc758 \ucda9\uaca9 \uc18d\uc5d0\uc11c\ub3c4 \uac01\uad6d \uc815\ucc45\ub300\uc751\uc73c\ub85c \uc5b4\ub290 \uc815\ub3c4 \uacbd\uae30 \ud558\ubc29\uc774 \uc644\ucda9\ub41c \uce21\uba74\uc774 \uc788\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ucf54\ub85c\ub09819 \ud32c\ub370\ubbf9 \ucda9\uaca9\uc740 2020\ub144\uc5d0 \ud604\ub300 \uacbd\uc81c\uc0ac\uc5d0\uc11c \uc720\ub840\uc5c6\ub294 \uae00\ub85c\ubc8c \uacbd\uae30\uc704\ucd95\uc744 \ucd08\ub798\ud588\uc2b5\ub2c8\ub2e4. \uc804 \uc138\uacc4\uc801 \ubd09\uc1c4\uc870\uce58\ub85c 2020\ub144 \uc138\uacc4 GDP \uc131\uc7a5\ub960\uc740 -3~-4%\ub97c \uae30\ub85d\ud558\uc5ec 1930\ub144\ub300 \ub300\uacf5\ud669 \uc774\ud6c4 \ucd5c\uc545\uc758 \uacbd\uae30\uce68\uccb4\ub85c \ud3c9\uac00\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc11c\ube44\uc2a4\uc5c5\uc744 \uc911\uc2ec\uc73c\ub85c \uc2e4\uc5c5\uacfc \uc0dd\uc0b0\uc704\ucd95\uc774 \ubc1c\uc0dd\ud558\uace0 \uad6d\uc81c\uad50\uc5ed\uacfc \uc5ec\ud589\uc774 \ub9c8\ube44\ub418\uba74\uc11c, \uc2e4\ubb3c\uacbd\uc81c\uc640 \uae08\uc735\uc2dc\uc7a5\uc774 \ub3d9\ubc18 \ubd95\uad34\ub420 \uc704\ud5d8\ud55c \uae30\ub85c\uc5d0 \ub193\uc600\uc2b5\ub2c8\ub2e4. \ub2e4\ud589\ud788\ub3c4 \uac01\uad6d \uc815\ubd80\uc640 \uc911\uc559\uc740\ud589\uc740 \uc0ac\uc0c1 \ucd5c\ub300 \uaddc\ubaa8\uc758 \ubd80\uc591\ucc45\uc73c\ub85c \ub300\uc751\ud558\uc600\ub294\ub370, IMF\uc5d0 \ub530\ub974\uba74 \uc804 \uc138\uacc4\uc801\uc73c\ub85c \uc57d 12\uc870 \ub2ec\ub7ec\uc5d0 \ub2ec\ud558\ub294 \uc7ac\uc815\uc9c0\uc6d0\uacfc \uc804\ub840 \uc5c6\ub294 \uc218\uc900\uc758 \uae08\ub9ac\uc778\ud558\u00b7\uc720\ub3d9\uc131 \uacf5\uae09\u00b7\uc790\uc0b0\ub9e4\uc785 \uc870\uce58\uac00 \ucde8\ud574\uc838 \ub300\uacf5\ud669\uc2dd \uc545\uc21c\ud658\uc744 \ucc28\ub2e8\ud558\ub294 \ub370 \uc131\uacf5\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc2e0\uc18d\ud558\uace0 \uacfc\uac10\ud55c \uc815\ucc45\ub300\uc751 \ub355\ubd84\uc5d0 2020\ub144 \uae08\uc735\uc2dc\uc7a5 \ubd88\uc548\uc740 \ube44\uad50\uc801 \ub2e8\uae30\uc5d0 \uc9c4\uc815\ub418\uc5c8\uace0, \uc138\uacc4 \ub300\uacf5\ud669\uc744 \uba74\ud560 \uc218 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \uac01\uad6d \uc815\ubd80 \ubd80\ucc44\ub294 \uacbd\uae30\ubd80\uc591\uacfc \uacbd\uae30\uc704\ucd95\uc758 \uc774\uc911 \uc601\ud5a5\uc73c\ub85c \ud3ed\ubc1c\uc801\uc73c\ub85c \uc99d\uac00\ud558\uc5ec 2020\ub144 \uc804 \uc138\uacc4 \uc815\ubd80\ubd80\ucc44\uac00 GDP \ub300\ube44 100%\ub85c \uc0ac\uc0c1 \ucd5c\uace0 \uc218\uc900\uc5d0 \ub3c4\ub2ec\ud588\uc9c0\ub9cc, \ucd08\uc800\uae08\ub9ac \ud658\uacbd \ub355\ubd84\uc5d0 \ub2f9\uc7a5\uc740 \ubd80\ucc44\ube44\uc728 \uae09\ub4f1\uc5d0 \ub530\ub978 \uae08\uc735\uc704\uae30\uac00 \ub098\ud0c0\ub098\uc9c0\ub294 \uc54a\uc558\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

2021\ub144\uc5d0\ub294 \uac01\uad6d\uc758 \ub300\uaddc\ubaa8 \ubd80\uc591\ucc45\uacfc \ubd09\uc1c4 \uc644\ud654\ub85c \uacbd\uc81c\ud65c\ub3d9\uc774 \uae09\ubc18\ub4f1\ud558\uba74\uc11c \uc138\uacc4 \uc131\uc7a5\ub960\uc774 5%\ub300\ub97c \uae30\ub85d\ud588\uace0, \uc2e4\ubb3c\uacbd\uc81c \ud68c\ubcf5\uacfc \ud568\uaed8 \uc8fc\uc2dd\u00b7\uc6d0\uc790\uc7ac \ub4f1 \uc790\uc0b0\uc2dc\uc7a5\ub3c4 \uacfc\uc5f4 \uc591\uc0c1\uc744 \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uacf5\uae09\ub9dd \ubcd1\ubaa9\uacfc \uc218\uc694\uae09\ub4f1\uc758 \ucda9\ub3cc\ub85c \uc778\ud50c\ub808\uc774\uc158\uc774 \uc608\uc0c1\ubcf4\ub2e4 \ud06c\uac8c \uc0c1\uc2b9\ud558\uae30 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc740 2021\ub144 \ucd08 1%\ub300\uc5d0\uc11c 2022\ub144 \uc911\ubc18 9%\ub97c \ub118\uc5b4 40\ub144 \ub9cc\uc758 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\uace0, \uc720\ub7fd \ub4f1\ub3c4 \uc5d0\ub108\uc9c0 \uac00\uaca9 \ud3ed\ub4f1\uc73c\ub85c \ubb3c\uac00\uac00 \uae09\ub4f1\ud558\uc600\uc2b5\ub2c8\ub2e4. \uc774\uc5d0 \ubbf8 \uc5f0\uc900\uc740 2022\ub144\ubd80\ud130 \uacf5\uaca9\uc801\uc778 \uae08\ub9ac\uc778\uc0c1 \uc0ac\uc774\ud074\uc744 \uc2dc\uc791\ud558\uc5ec \ubd88\uacfc 1\ub144 \ubc18 \ub9cc\uc5d0 \uc815\ucc45\uae08\ub9ac\ub97c 0% \ubd80\uadfc\uc5d0\uc11c 5% \uc774\uc0c1\uc73c\ub85c \uc778\uc0c1\ud558\uc600\uace0, QE\ub85c \ub298\uc5b4\ub09c \uc790\uc0b0\ub9e4\uc785 \uaddc\ubaa8\ub97c \ucd95\uc18c\ud558\ub294 \uc591\uc801\uae34\ucd95\uc5d0 \ub3cc\uc785\ud588\uc2b5\ub2c8\ub2e4. \ud55c\uad6d\uc740\ud589 \uc5ed\uc2dc \uae30\uc900\uae08\ub9ac\ub97c 2021\ub144 0.5%\uc5d0\uc11c 2022\ub144 \ub9d0 3.5%\uae4c\uc9c0 \ube60\ub974\uac8c \uc778\uc0c1\ud558\uc5ec \ud1b5\ud654\uc815\ucc45 \uae30\uc870\ub97c \uae34\ucd95\uc73c\ub85c \uc804\ud658\ud588\uc2b5\ub2c8\ub2e4. \uae09\uaca9\ud55c \uae08\ub9ac\uc0c1\uc2b9\uacfc \uac15\ub2ec\ub7ec\ub85c 2022\ub144 \ud558\ubc18\uae30 \uc774\ud6c4 \uc138\uacc4\uacbd\uc81c\ub294 \uc131\uc7a5 \ub454\ud654\uc138\ub85c \uc811\uc5b4\ub4e4\uc5c8\uace0, \uc790\uc0b0\uc2dc\uc7a5\uc740 \uc870\uc815\uc744 \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. 2023\ub144 \ub4e4\uc5b4 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \uc815\uc810 \ub300\ube44 \ub454\ud654\ub418\uba74\uc11c \uae08\ub9ac\uc778\uc0c1 \uc18d\ub3c4\ub294 \uc870\uc808\ub418\uc5c8\uc73c\ub098, \uc138\uacc4 \uc131\uc7a5\ub960\uc740 2%\ub300 \ud6c4\ubc18\uc73c\ub85c \uc704\uae30 \uc774\uc804\ubcf4\ub2e4 \ub0ae\uace0 \ubd88\uc548\uc815\ud55c \uad6d\uba74\uc744 \ubcf4\uc774\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc138\uacc4\uc740\ud589\uc740 2025\ub144 \uc138\uacc4\uacbd\uc81c \uc131\uc7a5\ub960\uc744 2.3%\ub85c \uc804\ub9dd\ud558\uba70, \uc774\ub294 \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30\ub098 \ud32c\ub370\ubbf9\uacfc \uac19\uc740 \uae00\ub85c\ubc8c \uce68\uccb4\uae30\ub97c \uc81c\uc678\ud558\uba74 2008\ub144 \uc774\ud6c4 \uac00\uc7a5 \ub0ae\uc740 \uc218\uc900\uc774\ub77c\uace0 \ud3c9\uac00\ud588\uc2b5\ub2c8\ub2e4. \uc694\ucee8\ub300 2005~2025\ub144 \uc0ac\uc774 \uc138\uacc4\uacbd\uc81c\ub294 \uae08\uc735\uc704\uae30\uc640 \ud32c\ub370\ubbf9 \ub4f1 \uc77c\ub828\uc758 \ucda9\uaca9\uc744 \uac70\uce58\uba70 \uc800\uc131\uc7a5\u00b7\uc800\uae08\ub9ac \ud658\uacbd\uc73c\ub85c \uad6c\uc870\uc804\ud658 \ud558\uc600\uace0, 2020\ub144\ub300 \uc911\ubc18 \uc774\ud6c4 \uc778\ud50c\ub808\uc774\uc158 \uc0c1\uc2b9\uacfc \ud1b5\ud654\uae34\ucd95\uc774\ub77c\ub294 \uc0c8\ub85c\uc6b4 \ub3c4\uc804\uc5d0 \uc9c1\uba74\ud55c \uc0c1\ud669\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

\ud55c\u00b7\ubbf8 \ud1b5\ud654\uc815\ucc45 \ubc0f \uc7ac\uc815\uc815\ucc45 \ubcc0\ud654\uc640 \uc0b0\uc5c5\uad6c\uc870\uac00 \uc790\uc0b0\uc2dc\uc7a5\uc5d0 \ubbf8\uce5c \uc601\ud5a5<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

\ubbf8\uad6d: \uc815\ucc45 \ub300\uc751\uacfc \uc0b0\uc5c5\uad6c\uc870 \ubcc0\ud654\uc758 \uc601\ud5a5<\/strong><\/p>\n\n\n\n

\ubbf8\uad6d\uc740 2008\ub144 \uae08\uc735\uc704\uae30 \uc774\ud6c4 \ucd08\uc644\ud654 \ud1b5\ud654\uc815\ucc45\uacfc \uc801\uadf9\uc801 \uc7ac\uc815\uc815\ucc45\uc744 \ud1b5\ud574 \uacbd\uae30\ub97c \ubd80\uc591\ud558\uace0 \uae08\uc735\uc2dc\uc2a4\ud15c \uc548\uc815\uc744 \ub3c4\ubaa8\ud588\uc2b5\ub2c8\ub2e4. \uc5f0\uc900(Fed)\uc740 2007\ub144 5.25%\uc5d0 \ub2ec\ud588\ub358 \uc815\ucc45\uae08\ub9ac\ub97c \uae08\uc735\uc704\uae30 \uc9c1\ud6c4 0~~0.25%\ub85c \uae09\uaca9\ud788 \uc778\ud558\ud558\uace0 \uc7a5\uae30\uac04 \uc81c\ub85c\uae08\ub9ac\ub97c \uc720\uc9c0\ud588\uc73c\uba70, 3\ucc28\ub840\uc5d0 \uac78\uce5c \uc591\uc801\uc644\ud654(QE)\ub85c \uad6d\ucc44 \ubc0f \uc8fc\ud0dd\uc800\ub2f9\uc99d\uad8c(MBS)\uc744 \ub300\ub7c9 \ub9e4\uc785\ud558\uc5ec \uc2dc\uc911 \uc720\ub3d9\uc131\uc744 \uc804\ub840 \uc5c6\uc774 \ud655\ub300\ud588\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc \uc5f0\uc900\uc758 \ucd1d\uc790\uc0b0\uc740 \uae08\uc735\uc704\uae30 \uc774\uc804 \uc57d 8\ucc9c\uc5b5 \ub2ec\ub7ec\uc5d0\uc11c 2014\ub144\uacbd 4.5\uc870 \ub2ec\ub7ec \uc218\uc900\uae4c\uc9c0 \uc99d\uac00\ud588\uace0, \uc7a5\uae30 \uad6d\ucc44\uae08\ub9ac\uac00 \ud558\ub77d\ud558\uc5ec \uae30\uc5c5\ucc28\uc785\uc5ec\uac74\uc774 \uac1c\uc120\ub418\uace0 \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c\uae08\ub9ac\uac00 \ub5a8\uc5b4\uc9c0\ub294 \ub4f1 \uc2e4\ubb3c\uacbd\uae30\uc640 \uc790\uc0b0\uc2dc\uc7a5\uc5d0 \uac15\ud55c \ubd80\uc591 \ud6a8\uacfc\ub97c \uac00\uc838\uc654\uc2b5\ub2c8\ub2e4. \uc7ac\uc815 \uce21\uba74\uc5d0\uc11c\ub3c4 \ubbf8\uad6d \uc815\ubd80\ub294 2008\ub144 \ubd80\uc2e4\uc790\uc0b0\uad6c\uc81c\ud504\ub85c\uadf8\ub7a8(TARP) \ub4f1 \uae08\uc735\ubd80\ubb38 \uad6c\uc81c\uc5d0 \uc218\ucc9c\uc5b5 \ub2ec\ub7ec\ub97c \ud22c\uc785\ud588\uace0 2009\ub144 8,000\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8 \uacbd\uae30\ubd80\uc591\ubc95(ARRA)\uc744 \uc2dc\ud589\ud558\ub294 \ub4f1 \uc801\uadf9 \ub300\uc751\ud588\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc \ubbf8\uad6d\uc758 \uc5f0\ubc29\uc815\ubd80 \ubd80\ucc44\ube44\uc728\uc740 \uc704\uae30 \uc804 GDP \ub300\ube44 60%\ub300\uc5d0\uc11c 2013\ub144\uacbd 100% \uc548\ud30e\uc73c\ub85c \uae09\uc99d\ud558\uc600\uc73c\ub098, \ub2f9\uc2dc \ub0ae\uc740 \uae08\ub9ac \ub355\ubd84\uc5d0 \ud070 \ubd80\uc791\uc6a9 \uc5c6\uc774 \uad6d\ucc44\ubc1c\ud589\uc744 \uc18c\ud654\ud560 \uc218 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \ud55c\ud3b8 2010\ub144\ub300 \uc911\ubc18 \uc774\ud6c4 \uacbd\uae30\uac00 \uc644\ub9cc\ud788 \uc815\uc0c1\ud654\ub418\uc790 \uc5f0\uc900\uc740 2015\ub144\ub9d0\ubd80\ud130 \uae08\ub9ac\uc778\uc0c1\uc5d0 \ucc29\uc218\ud558\uc5ec 2018\ub144\ub9d0 \uc815\ucc45\uae08\ub9ac\ub97c 2.5%\uae4c\uc9c0 \uc62c\ub9ac\uace0, \ubcf4\uc720\uc790\uc0b0 \ucd95\uc18c(QT)\ub3c4 \ubcd1\ud589\ud558\uba70 \ud1b5\ud654\uc815\ucc45 \uc815\uc0c1\ud654\ub97c \uc2dc\ub3c4\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 2018\ub144 \ub9d0~~2019\ub144 \ucd08 \uc8fc\uc2dd\uc2dc\uc7a5 \uae09\ub77d\uacfc \uc131\uc7a5\ub454\ud654 \uc870\uc9d0\uc774 \ub098\ud0c0\ub098\uba74\uc11c \uc5f0\uc900\uc740 \ub2e4\uc2dc \uae08\ub9ac\uc778\ud558\ub85c \uc120\ud68c\ud588\uace0, \ud1b5\ud654\uae34\ucd95 \uae30\uc870\ub97c \uc7a5\uae30\uac04 \uc720\uc9c0\ud558\uae30 \uc5b4\ub824\uc6b4 \ud604\uc2e4\uc744 \ub4dc\ub7ec\ub0c8\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ubbf8\uad6d \uacbd\uc81c\uc758 \uc0b0\uc5c5\uad6c\uc870 \ubcc0\ud654\ub3c4 \uc790\uc0b0\uc2dc\uc7a5\uc5d0 \ud070 \uc601\ud5a5\uc744 \ubbf8\ucce4\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 2010\ub144\ub300 \uae30\uc220\uae30\uc5c5\uc758 \uc57d\uc9c4\uc73c\ub85c S&P500 \uc9c0\uc218 \ub0b4 \uc2dc\uac00\ucd1d\uc561 \uc0c1\uc704\uc5d0 IT\u00b7\ud50c\ub7ab\ud3fc \uae30\uc5c5\ub4e4\uc774 \ud3ec\uc9c4\ud558\uac8c \ub418\uc5c8\uace0, \uc8fc\uc2dd\uc2dc\uc7a5 \ub3d9\ud5a5\uc774 \uc2e4\ubb3c\uacbd\uc81c\ubcf4\ub2e4 \uae30\ub300 \uc218\uc775\uc131\uc5d0 \ud06c\uac8c \uc88c\uc6b0\ub418\ub294 \uacbd\ud5a5\uc774 \uac15\ud654\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc800\uae08\ub9ac \ud658\uacbd\uc5d0\uc11c \ubbf8\ub798\uc218\uc775\uc744 \uc911\uc2dc\ud558\ub294 \uc131\uc7a5\uc8fc(\u7279\ud788 \uae30\uc220\uc8fc)\uc5d0 \uc790\uae08\uc774 \ubab0\ub9ac\uba74\uc11c \ub098\uc2a4\ub2e5 \uc9c0\uc218\uac00 \uae09\ub4f1\ud558\uace0 \uc8fc\uc2dd\uc2dc\uc7a5\uc774 \ud65c\ud669\uc744 \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc170\uc77c\ud601\uba85\uc73c\ub85c 2010\ub144\ub300 \ubbf8\uad6d\uc774 \uc138\uacc4\ucd5c\ub300 \uc0b0\uc720\uad6d\uc73c\ub85c \ubd80\uc0c1\ud55c \uc810\ub3c4 \ub300\uc678\uc218\uc9c0 \uac1c\uc120\uacfc \uc81c\uc870\uc5c5 \ube44\uc6a9\uacbd\uac10 \ub4f1\uc73c\ub85c \uacbd\uc81c\uc5d0 \uad6c\uc870\uc801 \ubcc0\ud654\ub97c \uac00\uc838\uc654\uc9c0\ub9cc, \uc804\ud1b5\uc5d0\ub108\uc9c0 \uc0b0\uc5c5\uc758 \ubd80\ud765\uc740 \uc8fc\uc2dd\uc2dc\uc7a5 \uc804\uccb4\ubcf4\ub2e4\ub294 \ud2b9\uc815 \uc139\ud130\uc5d0 \uad6d\ud55c\ub41c \uc601\ud5a5\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \ud32c\ub370\ubbf9 \uae30\uac04\uc5d0\ub294 \uc7ac\ud0dd\uadfc\ubb34\u00b7\uc804\uc790\uc0c1\uac70\ub798 \ud655\uc0b0\uc73c\ub85c \ube45\ud14c\ud06c \uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801\uc774 \ud638\uc870\ub97c \ubcf4\uc774\uba70 \uc8fc\uac00\uac00 \ud3ed\ub4f1\ud588\uace0, 2020~21\ub144\ub3d9\uc548 S&P500 \uc9c0\uc218\uac00 50% \ub118\uac8c \uc0c1\uc2b9\ud558\ub294 \ub4f1 \uc720\ub3d9\uc131 \uc7a5\uc138\uac00 \ud3bc\uccd0\uc84c\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc5f0\uc900\uc758 \ucd08\uc800\uae08\ub9ac\uc640 \ub300\uaddc\ubaa8 \uc790\uc0b0\ub9e4\uc785\uc774 \ubc11\ubc14\ud0d5\uc5d0 \uc788\uc5c8\uae30 \ub54c\ubb38\uc5d0 \uac00\ub2a5\ud588\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc 2022\ub144 \uc774\ud6c4 \uc778\ud50c\ub808\uc774\uc158 \uc5b5\uc81c\ub97c \uc704\ud55c \uae09\uaca9\ud55c \uae08\ub9ac\uc778\uc0c1\uacfc \ud1b5\ud654\uae34\ucd95\uc73c\ub85c \uae30\uc220\uc8fc \uc911\uc2ec\uc758 \uc131\uc7a5\uc8fc\ub4e4\uc774 \uc870\uc815\uc744 \ubc1b\uace0 \uc99d\uc2dc\uac00 \uc57d\uc138\ub85c \uc804\ud658\ub418\uba74\uc11c, \ud1b5\ud654\uc815\ucc45 \ubcc0\ud654\uc5d0 \ub530\ub978 \uc790\uc0b0\uc2dc\uc7a5\uc758 \ubbfc\uac10\ud55c \ubc18\uc751\uc744 \uc7ac\ud655\uc778\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. \uc989 \uc644\ud654\uae30\uc5d0\ub294 \uc790\uc0b0\uac00\uaca9 \ubc84\ube14 \uc704\ud5d8, \uae34\ucd95\uae30\uc5d0\ub294 \ubc38\ub958\uc5d0\uc774\uc158 \uc870\uc815\uc774 \uac01\uac01 \ub098\ud0c0\ub098\uba74\uc11c, \uc815\ucc45\ubcc0\ud654\uac00 \uace7\ubc14\ub85c \uae08\uc735\ud658\uacbd\uacfc \uc790\uc0b0\uac00\uaca9\uc5d0 \ubc18\uc601\ub418\ub294 \uc591\uc0c1\uc774 \uc9c0\uc18d\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\ud55c\uad6d: \uc815\ucc45 \ub300\uc751\uacfc \uc0b0\uc5c5\uad6c\uc870 \ubcc0\ud654\uc758 \uc601\ud5a5<\/strong><\/p>\n\n\n\n

\ud55c\uad6d \uacbd\uc81c\ub294 2008\ub144 \uae08\uc735\uc704\uae30 \ub2f9\uc2dc \uc218\ucd9c \uae09\uac10\uacfc \uc8fc\uac00 \ud3ed\ub77d \ub4f1 \ucda9\uaca9\uc744 \ubc1b\uc558\uc73c\ub098, 2009\ub144 G20 \uc911 \uc720\uc77c\ud55c \ud50c\ub7ec\uc2a4 \uc131\uc7a5\uc744 \uae30\ub85d\ud560 \uc815\ub3c4\ub85c \ube60\ub974\uac8c \ud68c\ubcf5\ud55c \ubc14 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc704\uae30 \uc804 \uac74\uc804\ud55c \uc7ac\uc815\uacfc \uc740\ud589\uad8c\uc758 \uc0c1\ub300\uc801 \uc591\ud638\ud568 \ub355\ubd84\uc774\uc5c8\uc73c\uba70, \uc815\ubd80\uc758 2009\ub144 \uc7ac\uc815\uc9c0\ucd9c \ud655\ub300\uc640 \ud55c\uad6d\uc740\ud589\uc758 \uc2e0\uc18d\ud55c \uae08\ub9ac\uc778\ud558(5.25%\u21922.0%) \ubc0f \uc720\ub3d9\uc131 \uacf5\uae09\uc774 \uc704\uae30 \ucda9\uaca9\uc744 \uc644\ud654\uc2dc\ucf30\uc2b5\ub2c8\ub2e4. \uae08\uc735\uc704\uae30 \uc774\ud6c4 \ud55c\uad6d\uc740\ud589 \uae30\uc900\uae08\ub9ac\ub294 2010~~11\ub144 \uacbd\uae30\uac00 \ubc18\ub4f1\ud558\uc790 3%\ub300\uae4c\uc9c0 \uc778\uc0c1\ub418\uc5c8\uc9c0\ub9cc, 2012\ub144 \uc720\ub85c\uc874 \uc704\uae30 \ub4f1\uc73c\ub85c \ub2e4\uc2dc \uacbd\uae30\ub454\ud654 \uc870\uc9d0\uc774 \ub098\ud0c0\ub098\uba74\uc11c 2010\ub144\ub300 \uc911\ubc18\uc5d0\ub294 1%\ub300 \ucd08\uc800\uae08\ub9ac\ub85c \ub0b4\ub824\uc549\uc558\uc2b5\ub2c8\ub2e4. 2016~~17\ub144 \ud55c\ub54c \ubd80\ub3d9\uc0b0\uac00\uaca9 \uae09\ub4f1\uacfc \uac00\uacc4\ubd80\ucc44 \uc99d\uac00\uc5d0 \ub300\uc751\ud558\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \uc18c\ud3ed \uc778\uc0c1(1.25%\u21921.75%)\ud588\uc73c\ub098, 2019\ub144 \uacbd\uae30\ub454\ud654\uc5d0 \ub2e4\uc2dc \uae08\ub9ac\ub97c \uc778\ud558\ud558\uc600\uace0 2020\ub144 \ud32c\ub370\ubbf9\uc774 \ud130\uc9c0\uc790 \uc0ac\uc0c1 \ucd5c\uc800\uc778 0.5%\uae4c\uc9c0 \uc778\ud558\ud558\uc600\uc2b5\ub2c8\ub2e4. \ud55c\uad6d\uc740\ud589\uc758 \ud1b5\ud654\uc815\ucc45\uc740 \uc804\ubc18\uc801\uc73c\ub85c \ubbf8\uad6d \uc5f0\uc900\uc758 \ubc29\ud5a5\uacfc \uada4\ub97c \uac19\uc774 \ud588\uc73c\ub098, \ubb3c\uac00\uc548\uc815\uacfc \uae08\uc735\uc548\uc815 \uc0ac\uc774\uc5d0\uc11c \ub298 \uace0\ubbfc\uc774 \uc788\uc5c8\uace0 \ubd80\ub3d9\uc0b0 \ub4f1 \uc790\uc0b0\uc2dc\uc7a5 \uacfc\uc5f4 \uc2dc\uc5d4 \uc120\uc81c\uc801 \uae34\ucd95 \uc758\uc9c0\ub3c4 \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uc7ac\uc815\uc815\ucc45 \uba74\uc5d0\uc11c \ud55c\uad6d \uc815\ubd80\ub294 \uc704\uae30 \ub54c\ub9c8\ub2e4 \ube44\uad50\uc801 \uc2e0\uc18d\ud55c \uc7ac\uc815\uc9c0\uc6d0\uc744 \uc2dc\ud589\ud588\ub294\ub370, 2009\ub144 \ucd94\uac00\uacbd\uc815\uc608\uc0b0 \ud3b8\uc131, 2020\ub144 \uc774\ud6c4 \ub124 \ucc28\ub840\uc5d0 \uac78\uce5c \uc7ac\ub09c\uc9c0\uc6d0\uae08 \uc9c0\uae09\uacfc \uc800\ub9ac\ub300\ucd9c \ub4f1 \uc801\uadf9\uc801 \uc870\uce58\ub97c \ud1b5\ud574 \uacbd\uae30 \ud558\uac15\uc744 \uc5b5\uc81c\ud588\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc \uad6d\uac00\ucc44\ubb34\ube44\uc728\uc774 2010\ub144\ub300 \uc911\ubc18 30% \ucd08\ubc18\uc5d0\uc11c 2022\ub144 50% \uac00\uae4c\uc774 \uc0c1\uc2b9\ud588\uc73c\ub098, \uc5ec\uc804\ud788 \uc120\uc9c4\uad6d \ub300\ube44 \uc591\ud638\ud55c \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc0b0\uc5c5\uad6c\uc870 \uce21\uba74\uc5d0\uc11c, \ud55c\uad6d\uc740 \uc218\ucd9c \uc81c\uc870\uc5c5 \uc911\uc2ec \uad6c\uc870\uac00 \uc9c0\uc18d\ub418\uba74\uc11c \uae00\ub85c\ubc8c \uacbd\uc81c \ubcc0\ub3d9\uacfc \uc815\ucc45\uc5d0 \ubbfc\uac10\ud55c \ubaa8\uc2b5\uc744 \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uc815\ubcf4\ud1b5\uc2e0\uae30\uc220(ICT) \ud601\uc2e0\uc73c\ub85c \ubc18\ub3c4\uccb4\uc640 \uc804\uc790\uc0b0\uc5c5\uc774 \ud55c\uad6d \uc218\ucd9c\uacfc \uae30\uc5c5\uc2e4\uc801\uc758 \ud575\uc2ec\uc774 \ub418\uc5c8\uace0, \uc0bc\uc131\uc804\uc790 \ub4f1\uc758 \ube44\uc911\uc774 \ucf54\uc2a4\ud53c \uc2dc\uac00\ucd1d\uc561\uc5d0\uc11c \uc0c1\ub2f9 \ubd80\ubd84\uc744 \ucc28\uc9c0\ud558\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\uc5d0 \ub530\ub77c \uae00\ub85c\ubc8c IT \uacbd\uae30\uc640 \ubc18\ub3c4\uccb4 \uc0ac\uc774\ud074\uc774 \ud55c\uad6d \uc8fc\uc2dd\uc2dc\uc7a5\uacfc \uc124\ube44\ud22c\uc790\uc5d0 \ud070 \uc601\ud5a5\uc744 \uc8fc\ub294 \uad6c\uc870\uc785\ub2c8\ub2e4. 2010\ub144\ub300 \uc911\uad6d\uc758 \ubd80\uc0c1\uc73c\ub85c \uc138\uacc4 \uad50\uc5ed\ud658\uacbd\uc774 \ubcc0\ud654\ud558\uba74\uc11c \ud55c\uad6d\uc740 \ub300\uc911 \ubb34\uc5ed\uc758\uc874\ub3c4\uac00 \ub192\uc544\uc84c\uace0, 2018\ub144 \uc774\ud6c4 \ubbf8\u00b7\uc911 \uac08\ub4f1 \uc18d\uc5d0\uc11c \uc218\ucd9c\uc2dc\uc7a5 \ub2e4\ubcc0\ud654\uc640 \uacf5\uae09\ub9dd \uc7ac\ud3b8\uc758 \uc555\ub825\uc5d0 \uc9c1\uba74\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ud55c\uad6d \uacbd\uc81c\uc758 \uc0b0\uc5c5\uc804\ub7b5 \uc804\ud658 \ud544\uc694\uc131\uc744 \uc81c\uae30\ud588\uace0, \uc815\ubd80\ub3c4 \uc2e0\ub0a8\ubc29\uc815\ucc45 \ub4f1\uc744 \ucd94\uc9c4\ud558\uba70 \ub300\uc751\ud558\uc600\uc73c\ub098, \ub300\uc678 \ud658\uacbd \ubcc0\ud654\ub294 \uc218\ucd9c \ubcc0\ub3d9\uc131\uacfc \uae30\uc5c5 \uc2e4\uc801\uc758 \ubd88\ud655\uc2e4\uc131\uc744 \ud0a4\uc6cc \uae08\uc735\uc2dc\uc7a5\uc5d0\ub3c4 \uc601\ud5a5\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ubd80\ub3d9\uc0b0 \ubd80\ubb38\uc5d0\uc11c\ub3c4 \uc0b0\uc5c5\u00b7\uc815\ucc45 \uc694\uc778\uc774 \uc790\uc0b0\uc2dc\uc7a5\uc5d0 \uc601\ud5a5\uc744 \uc8fc\uc5c8\uc2b5\ub2c8\ub2e4. \uc81c\uc870\uc5c5 \uc911\uc2dc\uc758 \ud55c\uad6d \uacbd\uc81c \uad6c\uc870\uc5d0\uc11c \ubd80\ub3d9\uc0b0\uc740 \uc804\ud1b5\uc801\uc73c\ub85c \ud22c\uc790\uc790\uc0b0 \ubc0f \ub2f4\ubcf4\uc790\uc0b0\uc73c\ub85c \uc911\uc694\ud588\uace0, \uc815\ubd80\ub294 \uc9c0\ub09c 20\ub144\uac04 \ud22c\uae30 \uc5b5\uc81c\uc640 \uc2e4\uc218\uc694 \ubcf4\ud638\ub97c \ubaa9\ud45c\ub85c \ub2f4\ubcf4\uc778\uc815\ube44\uc728(LTV)\uacfc \ucd1d\ubd80\ucc44\uc0c1\ud658\ube44\uc728(DTI) \uaddc\uc81c, \ub2e4\uc8fc\ud0dd\uc790 \uc138\uc728 \uc778\uc0c1 \ub4f1 \uac01\uc885 \uc815\ucc45\uc744 \ubc18\ubcf5 \uc2dc\ud589\ud574\uc654\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc0b0\uc5c5\ud654\uc640 \ub3c4\uc2dc\uc9d1\uc911\uc73c\ub85c \uc218\ub3c4\uad8c \ud2b9\ud788 \uc11c\uc6b8 \uc8fc\ud0dd\uc5d0 \ub300\ud55c \uc218\uc694\uac00 \uc9c0\uc18d \uc99d\uac00\ud558\uba74\uc11c, \uc815\ucc45\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ubd80\ub3d9\uc0b0 \uac00\uaca9\uc740 \uc7a5\uae30\uc6b0\uc0c1\ud5a5 \ucd94\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. 2014\ub144\uc5d0\ub294 \uc815\ubd80\uac00 \uacbd\uae30\ubd80\uc591\uc744 \uc704\ud574 \uc77c\uc2dc\uc801\uc73c\ub85c \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c \uaddc\uc81c\ub97c \uc644\ud654\ud558\uace0 \uc800\uae08\ub9ac \uae30\uc870\ub97c \uc720\uc9c0\ud558\uba74\uc11c \uc8fc\ud0dd\uacbd\uae30\uac00 \ubc18\ub4f1\ud588\uace0, 2016~17\ub144 \uc11c\uc6b8 \uc544\ud30c\ud2b8\uac12 \uae09\ub4f1\uc73c\ub85c \ub2e4\uc2dc \uaddc\uc81c\ub97c \uac15\ud654\ud558\ub294 \ub4f1 \uc815\ucc45\uc5d0 \ub530\ub978 \ubd80\uce68\uc774 \uc774\uc5b4\uc84c\uc2b5\ub2c8\ub2e4. \ud32c\ub370\ubbf9 \uae30\uac04\uc5d0\ub294 \uc720\ub3d9\uc131 \uacfc\uc789\uacfc \uc800\uae08\ub9ac\uc5d0 \ud798\uc785\uc5b4 \ubd80\ub3d9\uc0b0 \uac00\uaca9\uc774 \ud3ed\ub4f1\ud558\uc5ec 2020\ub144 5.4%, 2021\ub144 9.9%\uc758 \uc804\uad6d \uc8fc\ud0dd\uac00\uaca9 \uc0c1\uc2b9\ub960\uc744 \uae30\ub85d, \uc911\ubc18\uae30 \uc774\ud6c4 \ucd5c\uace0 \uc0c1\uc2b9\uc138\ub97c \ub098\ud0c0\ub0c8\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc0b0\uc5c5 \uce21\uba74\uc5d0\uc11c \uc7ac\ud0dd\uadfc\ubb34 \ud655\uc0b0 \ub4f1\uc73c\ub85c \uc591\uc9c8\uc758 \uc8fc\uac70\uacf5\uac04 \uc218\uc694\uac00 \ub298\uc5b4\ub09c \uc601\ud5a5\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ud558\uc9c0\ub9cc 2022\ub144\ubd80\ud130 \ud55c\uad6d\uc740\ud589\uc774 \uae30\uc900\uae08\ub9ac\ub97c \uac00\ud30c\ub974\uac8c \uc778\uc0c1\ud558\uace0 \ub300\ucd9c\uaddc\uc81c\ub97c \uc5c4\uaca9\ud788 \uc801\uc6a9\ud558\uba74\uc11c \ubd80\ub3d9\uc0b0\uc2dc\uc7a5\uc740 \uae09\uaca9\ud788 \ub0c9\uac01\ub418\uc5b4, 2022\ub144 \uc804\uad6d \uc8fc\ud0dd\uac00\uaca9\uc774 4.7% \ud558\ub77d\ud574 10\uc5ec\ub144 \ub9cc\uc5d0 \ud070 \uc870\uc815\uc744 \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. \uac00\uacc4\ubd80\ucc44\uac00 GDP \ub300\ube44 100%\ub97c \ub118\ub294 \ub192\uc740 \uc218\uc900\uc774\ub77c \uae08\ub9ac\uc0c1\uc2b9 \uc2dc \uc774\uc790\ubd80\ub2f4\uc774 \ud06c\uac8c \ub298\uc5b4\ub098\ub294 \uad6c\uc870\uc801 \ucde8\uc57d\uc131\uc774 \ub178\ucd9c\ub418\uc5c8\uace0, \uc774\uc5d0 \uc815\ubd80\ub294 \uae08\uc735\uad8c \ub300\ucd9c \ub9cc\uae30\uc5f0\uc7a5, \ucde8\uc57d\uacc4\uce35 \uc9c0\uc6d0 \ub4f1 \ubcf4\uc644\ub300\ucc45\uc744 \ubcd1\ud589\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc804\ubc18\uc801\uc73c\ub85c \ud55c\uad6d\uc758 \ud1b5\ud654\u00b7\uc7ac\uc815\uc815\ucc45\uc740 \ubbf8\uad6d \uae30\uc870\uc640 \uc5f0\ub3d9\ub418\uc5b4 \uc720\ub3d9\uc131 \ud658\uacbd\uc744 \uc88c\uc6b0\ud558\uba70 \uc790\uc0b0\uc2dc\uc7a5\uc5d0 \ud30c\uae09\ub418\uc5c8\uace0, \uc0b0\uc5c5\uad6c\uc870 \ubcc0\ud654(\uc608: \ubc18\ub3c4\uccb4 \ud638\ud669\/\ubd88\ud669, \uc218\ub3c4\uad8c \uc778\uad6c\uc9d1\uc911 \ub4f1)\ub294 \ud2b9\uc815 \uc790\uc0b0\ubd80\ubb38\uc758 \uc0ac\uc774\ud074\uc744 \uc99d\ud3ed\uc2dc\ud0a4\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\uc790\uc0b0\uc2dc\uc7a5\ubcc4 \uc0ac\uc774\ud074 \ubcc0\ud654\uc640 \uc704\ud5d8\u00b7\uae30\ud68c \uc694\uc778<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

2008\ub144 \uae08\uc735\uc704\uae30\uc640 2020\ub144 \ud32c\ub370\ubbf9 \ub4f1 \uac01 \uc704\uae30\ub9c8\ub2e4 \uc5f0\uc900\uc758 \uc790\uc0b0\uaddc\ubaa8\uac00 \uae09\uc99d\ud558\uba70 \uc2dc\uc7a5\uc744 \ubd80\uc591\ud588\uace0, \uc5f0\uc900\uc774 \uc790\uc0b0\ucd95\uc18c\ub97c \uc2dc\ub3c4\ud560 \ub54c\ub294(\uc608: 2018\ub144) \uc8fc\uc2dd\uc2dc\uc7a5\uc774 \ubbfc\uac10\ud558\uac8c \ubc18\uc751\ud558\uc5ec \uc870\uc815\uc744 \ubcf4\uc600\ub2e4. (\ucd9c\ucc98: \uc5f0\uc900 \ubc0f S&P \ub370\uc774\ud130, Britannica \uc7ac\uc778\uc6a9)<\/p>\n\n\n\n

<\/p>\n\n\n\n

\uc8fc\uc2dd(Stock) \uc2dc\uc7a5 \uc0ac\uc774\ud074<\/strong><\/p>\n\n\n\n

\uc138\uacc4 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 2009\ub144 \uc774\ud6c4 \uc7a5\uae30 \uc0c1\uc2b9\uc7a5\uc744 \uad6c\uac00\ud558\uba70 \uc5ec\ub7ec \ucc28\ub840\uc758 \uac15\uc138\uc7a5\uacfc \uc57d\uc138\uc7a5\uc744 \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. 2008\ub144 \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30\ub85c \ubbf8\uad6d S&P500 \uc9c0\uc218\uc640 \ud55c\uad6d \ucf54\uc2a4\ud53c \uc9c0\uc218\uac00 \ubaa8\ub450 \uace0\uc810 \ub300\ube44 \uc808\ubc18\uac00\ub7c9 \ud3ed\ub77d\ud588\uc73c\ub098, 2009\ub144 3\uc6d4\uc744 \uc800\uc810\uc73c\ub85c \uac01\uad6d \uc99d\uc2dc\ub294 \uacbd\uae30\ubd80\uc591\ucc45 \ud6a8\uacfc\uc5d0 \ud798\uc785\uc5b4 \ubc18\ub4f1\uc5d0 \uc131\uacf5\ud588\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d S&P500 \uc9c0\uc218\ub294 \uae08\uc735\uc704\uae30 \uc804 \uace0\uc810(\uc57d 1,500pt)\uc744 2013\ub144\uc5d0\uc57c \ud68c\ubcf5\ud588\uc9c0\ub9cc \uc774\ud6c4 \uac00\ud30c\ub978 \uc6b0\uc0c1\ud5a5\uc744 \ubcf4\uc774\uba70 2020\ub144 \ucd08 3,300pt\uae4c\uc9c0 \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. 2009~2020\ub144\uc758 \uac15\uc138\uc7a5\uc740 \uc0ac\uc0c1 \ucd5c\uc800 \uc218\uc900\uc758 \uae08\ub9ac\uc640 \ud48d\ubd80\ud55c \uc720\ub3d9\uc131, \uadf8\ub9ac\uace0 \ube45\ud14c\ud06c \uae30\uc5c5\ub4e4\uc758 \ub192\uc740 \uc774\uc775\uc131\uc7a5\uc774 \uc6d0\ub3d9\ub825\uc774\uc5c8\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ubbf8\uad6d \uc2dc\uc7a5\uc740 \uc560\ud50c, \ub9c8\uc774\ud06c\ub85c\uc18c\ud504\ud2b8, \uad6c\uae00, \uc544\ub9c8\uc874, \ud398\uc774\uc2a4\ubd81 \ub4f1 \uc774\ub978\ubc14 FAANG \uae30\uc5c5 \uc8fc\ub3c4\ub85c \uc7a5\uae30\uac04 \uc0c1\uc2b9\ud558\uc5ec, \uae30\uc220\uc8fc \uc911\uc2ec\uc758 \ub098\uc2a4\ub2e5 \uc9c0\uc218\ub294 2010\ub144\ub300\uc5d0\ub9cc 5\ubc30 \uc774\uc0c1 \ud3ed\ub4f1\ud588\uc2b5\ub2c8\ub2e4. \ud55c\uad6d \ucf54\uc2a4\ud53c \uc9c0\uc218\ub3c4 2017\ub144 \ubc15\uc2a4\uad8c(1,900\uc120)\uc744 \ub3cc\ud30c\ud558\uc5ec 2018\ub144 2,600pt\ub97c \ub118\uae30\ub3c4 \ud588\uc73c\ub098, \ubbf8\uc911 \ubb34\uc5ed\ubd84\uc7c1 \uc5ec\ud30c \ub4f1\uc73c\ub85c \ud6a1\ubcf4\ud558\ub2e4\uac00 2020\ub144 \ud32c\ub370\ubbf9 \ud6c4 \uae00\ub85c\ubc8c \uc720\ub3d9\uc131 \ub7a0\ub9ac\uc5d0 \ub3d9\ucc38\ud574 2021\ub144 \ucd08 \uc0ac\uc0c1 \ucc98\uc74c 3,200pt\ub97c \ub3cc\ud30c\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc8fc\uc2dd\uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131\uacfc \uc704\uae30\ub3c4 \uc8fc\uae30\uc801\uc73c\ub85c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. 2011\ub144\uc5d0\ub294 \ubbf8\uad6d\uc758 \uc2e0\uc6a9\ub4f1\uae09 \uac15\ub4f1\uacfc \uc720\ub85c\uc874 \uc704\uae30\ub85c \uae00\ub85c\ubc8c \uc99d\uc2dc\uac00 \uae09\ub77d\ud588\uace0, 2015\ub144\uc5d0\ub294 \uc911\uad6d \uacbd\uae30\ub454\ud654 \uc6b0\ub824\ub85c \uc2e0\ud765\uad6d \uc99d\uc2dc\uac00 \uc870\uc815\uc744 \ubc1b\uc558\uc2b5\ub2c8\ub2e4. 2018\ub144 \ub9d0\uc5d0\ub294 \uc5f0\uc900\uc758 \uae09\uaca9\ud55c \uae34\ucd95 \uc758\uc0ac\ud45c\uba85(QT \uac00\uc18d)\uc73c\ub85c S&P500 \uc9c0\uc218\uac00 3\uac1c\uc6d4 \ub9cc\uc5d0 \uc57d 20% \uae09\ub77d\ud558\ub294 \ubbf8\ub2c8 \uae09\ub77d\uc7a5\uc774 \uc5f0\ucd9c\ub418\uae30\ub3c4 \ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uac01 \uc2dc\uae30\ub9c8\ub2e4 \uc911\uc559\uc740\ud589\uc758 \ub300\uc751(\uc608: 2019\ub144 \uc5f0\uc900 \uae08\ub9ac\uc778\ud558 \ud53c\ubd07)\uacfc \uae30\uc5c5 \uc2e4\uc801 \ud68c\ubcf5\uc73c\ub85c \ube44\uad50\uc801 \ube60\ub974\uac8c \ubc18\ub4f1\ud558\uc5ec \uac15\uc138\uc7a5 \uae30\uc870\ub294 \uc720\uc9c0\ub418\uc5c8\uc2b5\ub2c8\ub2e4. 2020\ub144 3\uc6d4 \ud32c\ub370\ubbf9 \ubc1c\uc0dd \uc2dc\uc5d0\ub294 S&P500 \uc9c0\uc218\uac00 \ub2e8 \ud55c\ub2ec\ub9cc\uc5d0 -34% \ud3ed\ub77d\ud558\uace0, \ucf54\uc2a4\ud53c\ub3c4 1,400pt\uae4c\uc9c0 \ucd94\ub77d\ud558\ub294 \uc5ed\ub300\uae09 \uae09\ub77d\uc7a5\uc774 \uc788\uc5c8\uc9c0\ub9cc, \uace7\ubc14\ub85c \ubbf8 \uc5f0\uc900\uc758 \u2018\ubb34\uc81c\ud55c QE\u2019 \uc120\uc5b8\uacfc \ubbf8 \uc815\ubd80\uc758 \ub300\uaddc\ubaa8 \ud604\uae08\uc9c0\uc6d0\uc73c\ub85c \ud22c\uc790\uc2ec\ub9ac\uac00 \ub3cc\uc544\uc11c\uba74\uc11c \uc5ed\ub300 \ucd5c\ub2e8 \uae30\uac04\uc5d0 \uc57d\uc138\uc7a5\uc774 \uc885\ub8cc\ub418\uace0 4~~5\uc6d4 \uc911 \uc8fc\uac00\uac00 \uae09\ubc18\ub4f1\ud588\uc2b5\ub2c8\ub2e4. \uc774\ud6c4 2020~~2021\ub144 \ub3d9\uc548 \uc0ac\uc0c1 \uc720\ub840\uc5c6\ub294 \uc720\ub3d9\uc131 \ub7a0\ub9ac\ub85c S&P500 \uc9c0\uc218\ub294 2021\ub144 \ub9d0 4,800pt\uae4c\uc9c0 \uc0c1\uc2b9\ud558\uc5ec \uc5ed\ub300 \ucd5c\uace0\uce58\ub97c \uacbd\uc2e0\ud588\uace0, \ucf54\uc2a4\ud53c\ub3c4 \ub3d9\ud559\uac1c\ubbf8 \uc6b4\ub3d9\uc774\ub77c \ubd88\ub9b0 \uac1c\uc778\ud22c\uc790\uc790 \uc720\uc785\uc5d0 \ud798\uc785\uc5b4 3,300pt \uadfc\ucc98\uae4c\uc9c0 \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc 2022\ub144 \uc778\ud50c\ub808\uc774\uc158 \uae09\ub4f1\uacfc \uae08\ub9ac\uc778\uc0c1 \uc804\ud658\uc73c\ub85c \uae08\uc735\uc5ec\uac74\uc774 \ube60\ub974\uac8c \uae34\ucd95\ub418\uc790, \uadf8\ud574 S&P500 \uc9c0\uc218\ub294 -19% \ud558\ub77d\ud558\uba70 \uc57d\uc138\uc7a5(bear market)\uc5d0 \uc9c4\uc785\ud588\uace0 \ucf54\uc2a4\ud53c \uc9c0\uc218\ub3c4 \uace0\uc810 \ub300\ube44 -25% \uc774\uc0c1 \uae09\ub77d\ud558\uc600\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \uace0\ud3c9\uac00\ub41c \uae30\uc220\uc8fc \ubc0f \uc131\uc7a5\uc8fc\ub4e4\uc758 \uc870\uc815\uc774 \ub450\ub4dc\ub7ec\uc84c\uace0, \ubc38\ub958\uc5d0\uc774\uc158 \ubd80\ub2f4\uc774 \ucef8\ub358 \ubc08 \uc8fc\uc2dd, SPAC, \uc554\ud638\ud654\ud3d0 \uad00\ub828\uc8fc \ub4f1\uc774 \ud3ed\ub77d\ud558\uba74\uc11c \ud22c\uae30\uc5f4\ud48d\uc774 \uc9c4\uc815\ub418\ub294 \uc591\uc0c1\uc774\uc5c8\uc2b5\ub2c8\ub2e4. IMF\ub3c4 2021\ub144 \ub9d0 \uc774\ubbf8 \uc77c\ubd80 \uc2dc\uc7a5\ubd80\ubb38\uc758 \uc790\uc0b0 \ubc38\ub958\uc5d0\uc774\uc158\uc774 \uacfc\ub3c4\ud558\uac8c \ub192\uc544\uc84c\ub2e4\uace0 \uacbd\uace0\ud55c \ubc14 \uc788\ub294\ub370, 2022\ub144\uc758 \uc870\uc815\uad6d\uba74\uc740 \uadf8\uc5d0 \ub300\ud55c \uac00\uaca9 \uc815\uc0c1\ud654 \uacfc\uc815\uc73c\ub85c \ud574\uc11d\ub429\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc8fc\uc2dd\uc790\uc0b0\uc758 \uc704\ud5d8\uc694\uc778\uc73c\ub85c\ub294 \uc6b0\uc120 \ubc38\ub958\uc5d0\uc774\uc158 \ubd80\ub2f4\uacfc \uae08\ub9ac \uc0c1\uc2b9\uc744 \ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. 2021\ub144 \ub9d0 S&P500\uc758 \uc8fc\uac00\uc218\uc775\ube44\uc728(P\/E)\uc740 20\ubc30 \uc911\ud6c4\ubc18\uc73c\ub85c \uc5ed\uc0ac\uc801 \uace0\uc810\uc744 \uae30\ub85d\ud588\uace0, \uc800\uae08\ub9ac\uac00 \uadf8\ub7f0 \uace0\ud3c9\uac00\ub97c \uc815\ub2f9\ud654\ud574\uc8fc\uc5c8\uc73c\ub098 \uae08\ub9ac\uac00 \uc0c1\uc2b9\ud558\uc790 \uc774\ub97c \uc9c0\ud0f1\ud558\uae30 \uc5b4\ub824\uc6cc\uc84c\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ud5a5\ud6c4\uc5d0\ub3c4 \uc778\ud50c\ub808\uc774\uc158 \ubd88\uc548\uc73c\ub85c \uae08\ub9ac\uac00 \uc7ac\ucc28 \uc0c1\uc2b9\ud558\uba74 \uc8fc\uc2dd \ubc30\ub2f9\uc218\uc775\ub960 \ub300\ube44 \ucc44\uad8c\uc218\uc775\ub960 \ub9e4\ub825\uc774 \ub5a8\uc5b4\uc838 \uc8fc\uc2dd\uc2dc\uc7a5 \uc870\uc815\uc774 \uc62c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc9c0\uc815\ud559\uc801 \ub9ac\uc2a4\ud06c(\uc608: \ubbf8\u00b7\uc911 \uac08\ub4f1 \uaca9\ud654\ub098 \uc9c0\uc5ed\ubd84\uc7c1 \ud655\ub300), \uae00\ub85c\ubc8c \uacbd\uae30\uce68\uccb4 \uac00\ub2a5\uc131 \ub4f1\uc774 \uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc744 \ud0a4\uc6b8 \uc704\ud5d8\uc785\ub2c8\ub2e4. \ubc18\uba74 \uae30\ud68c\uc694\uc778\uc73c\ub85c\ub294 \uc5ec\uc804\ud788 \uae30\uc220\ud601\uc2e0\uc5d0 \ub530\ub978 \uc0dd\uc0b0\uc131 \ud5a5\uc0c1\uacfc \uc2e0\uc0b0\uc5c5 \uc131\uc7a5 \uae30\ub300\ub97c \uaf3d\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. AI(\uc778\uacf5\uc9c0\ub2a5), \uce5c\ud658\uacbd \uc5d0\ub108\uc9c0 \uc804\ud658 \ub4f1 \uc0c8\ub85c\uc6b4 \uc131\uc7a5\ub3d9\ub825\uc774 \uae30\uc5c5\ub4e4\uc758 \uc774\uc775 \uc131\uc7a5\uc744 \uacac\uc778\ud558\uba74 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uc7a5\uae30\uc801\uc73c\ub85c \uc6b0\uc0c1\ud5a5 \ucd94\uc138\ub97c \uc9c0\uc18d\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ubbf8\uad6d\uc740 \uae30\uc220\ud601\uc2e0\uc744 \uc8fc\ub3c4\ud558\ub294 \uae30\uc5c5\ub4e4\uc774 \ub9ce\uc544 \ud5a5\ud6c4 \ub099\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \ubbf8\uad6d \uc8fc\uc2dd\uc774 \uae00\ub85c\ubc8c \uc2dc\uc7a5\uc744 \uc120\ub3c4\ud558\ub294 \ud750\ub984\uc774 \uc774\uc5b4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc2e0\ud765\uad6d\uc758 \uc911\uc0b0\uce35 \ud655\ub300\uc640 \ub514\uc9c0\ud138\ud654\ub85c \uc2e0\ud765\uc2dc\uc7a5 \uc8fc\uc2dd\uc5d0 \ub300\ud55c \uc218\uc694\uac00 \uc99d\uac00\ud558\uace0, \ud55c\uad6d\ub3c4 ICT \uc81c\uc870 \uac15\uad6d\uc73c\ub85c\uc11c \uad00\ub828 \uae30\uc5c5\ub4e4\uc758 \uae00\ub85c\ubc8c \uacbd\uc7c1\ub825\uc774 \uc8fc\uac00\ub97c \ubd80\uc591\ud558\ub294 \uc694\uc778\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uacb0\uad6d \ud1b5\ud654\uc815\ucc45 \ubc29\ud5a5\uacfc \uae30\uc5c5\uc774\uc775 \ucd94\uc774\uac00 \uc8fc\uc2dd\uc2dc\uc7a5 \uc0ac\uc774\ud074\uc744 \uc88c\uc6b0\ud560 \uac83\uc73c\ub85c \ubcf4\uc774\uba70, \ub2e8\uae30\uc801 \uc870\uc815 \uc704\ud5d8\uc740 \uc0c1\uc874\ud558\uc9c0\ub9cc \uc7a5\uae30 \uc131\uc7a5\uc2a4\ud1a0\ub9ac\uac00 \uc720\ud6a8\ud55c \ud55c \uc8fc\uc2dd\uc740 \uc5ec\uc804\ud788 \ub9e4\ub825\uc801\uc778 \uc790\uc0b0\uad70\uc73c\ub85c \ud3c9\uac00\ub429\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\ubd80\ub3d9\uc0b0(Real Estate) \uc2dc\uc7a5 \uc0ac\uc774\ud074<\/strong><\/p>\n\n\n\n

\uc9c0\ub09c 20\ub144\uac04 \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uc740 \uc9c0\uc5ed\ubcc4\u00b7\uad6d\uac00\ubcc4\ub85c \ucc28\uc774\ub294 \uc788\uc9c0\ub9cc \uc804\ubc18\uc801\uc73c\ub85c \uc800\uae08\ub9ac \uc720\ub3d9\uc131 \ud658\uacbd \uc18d\uc5d0 \uc0c1\uc2b9 \ucd94\uc138\uc640 \uc870\uc815 \uad6d\uba74\uc744 \ubc18\ubcf5\ud574 \uc654\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \uc8fc\ud0dd\uc2dc\uc7a5\uc740 2000\ub144\ub300 \uc911\ubc18 \uc8fc\ud0dd\ubc84\ube14\uc774 \uc808\uc815\uc5d0 \ub2ec\ud574 2006\ub144 \uc8fc\ud0dd\uac00\uaca9\uc9c0\uc218\uac00 \uc815\uc810\uc774\uc5c8\uace0, 2008\ub144 \uae08\uc735\uc704\uae30\ub85c \ubc84\ube14\uc774 \ubd95\uad34\ud558\uba74\uc11c \uc804\uad6d \ud3c9\uade0 \uc8fc\ud0dd\uac00\uaca9\uc774 20~~30% \uae09\ub77d\ud588\uc2b5\ub2c8\ub2e4. \uc8fc\ud0dd\uac00\uaca9 \ud3ed\ub77d\uc73c\ub85c \uac00\uacc4\uc790\uc0b0\uc774 \ucd95\uc18c\ub418\uace0 \uac00\uacc4\ubd80\ucc44 \ubd80\uc2e4\uc774 \uae08\uc735\uc704\uae30\uc758 \ud575\uc2ec\uc774\uc5c8\ub358 \ub9cc\ud07c, \uc774\ud6c4 \uc5f0\uc900\uc758 \uc81c\ub85c\uae08\ub9ac\uc640 \uc591\uc801\uc644\ud654 \uc815\ucc45\uc740 \uc8fc\ud0dd\uc2dc\uc7a5 \ud68c\ubcf5\uc744 \uc8fc\uc694 \ubaa9\ud45c \uc911 \ud558\ub098\ub85c \uc0bc\uc558\uc2b5\ub2c8\ub2e4. 2012\ub144\uc744 \uc800\uc810\uc73c\ub85c \ubbf8\uad6d \uc8fc\ud0dd\uac00\uaca9\uc740 \uc11c\uc11c\ud788 \ubc18\ub4f1\ud574 2016\ub144\uacbd \ubc84\ube14 \ubd95\uad34 \uc774\uc804 \uc218\uc900\uc744 \ud68c\ubcf5\ud588\uace0, 2010\ub144\ub300 \ud6c4\ubc18\uc5d0\ub294 \uacbd\uc81c\ud68c\ubcf5\uacfc \uc800\uae08\ub9ac\ub97c \ubc30\uacbd\uc73c\ub85c \uc5f0 5% \ub0b4\uc678\uc758 \uc644\ub9cc\ud55c \uc0c1\uc2b9\uc138\uac00 \uc9c0\uc18d\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ud32c\ub370\ubbf9 \uae30\uac04\uc5d0\ub294 \ucd08\uc800\uae08\ub9ac\uc640 \uc7ac\ud0dd\uadfc\ubb34 \ud655\uc0b0\uc5d0 \ub530\ub978 \uc8fc\uac70\ud658\uacbd \uc7ac\ud3c9\uac00\ub85c \uc8fc\ud0dd \uc218\uc694\uac00 \ud3ed\uc99d\ud558\uc5ec, 2020~~2021\ub144 \ubbf8\uad6d \uc9d1\uac12\uc740 \uc5f0\ud3c9\uade0 10%\ub97c \uc0c1\ud68c\ud558\ub294 \uae09\ub4f1\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \ud55c\ub54c \ubbf8\uad6d 30\ub144 \uace0\uc815\ubaa8\uae30\uc9c0 \uae08\ub9ac\uac00 3% \uc544\ub798\uae4c\uc9c0 \ub5a8\uc5b4\uc9c0\uba70 \uc8fc\ud0dd \uad6c\uc785\uc5ec\uac74\uc774 \uc0ac\uc0c1 \ucd5c\uc0c1\uc774\uc5c8\uace0, \uc774\uc5d0 \ub530\ub77c 2021\ub144 \uc8fc\ud0dd \uac70\ub798\ub7c9\uc774 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud558\uace0 \uc7ac\uace0\uc8fc\ud0dd \ub9e4\ubb3c \ubd80\uc871 \ud604\uc0c1\uc774 \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 2022\ub144\ubd80\ud130 \uc5f0\uc900\uc758 \uac00\ud30c\ub978 \uae08\ub9ac\uc778\uc0c1\uc73c\ub85c \ubaa8\uae30\uc9c0\uae08\ub9ac\uac00 7%\ub300\ub85c \uc62c\ub77c\uac00\uba70 \uc8fc\ud0dd\uad6c\ub9e4\ub2a5\ub825\uc774 \uae09\uaca9\ud788 \uc545\ud654\ub418\uc790, \ubbf8 \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uc740 \ube60\ub974\uac8c \ub0c9\uac01\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc8fc\ud0dd \ud310\ub9e4 \uac74\uc218\uac00 \uac10\uc18c\ud558\uace0 \uc9c0\uc5ed\ubcc4\ub85c \uac00\uaca9 \uc870\uc815\uc774 \uc2dc\uc791\ub418\uc5b4, 2023\ub144 \ucd08\uae4c\uc9c0 \uc77c\ubd80 \uacfc\uc5f4\uc9c0\uc5ed\uc740 10~20% \uac00\uaca9\ud558\ub77d\uc744 \uacbd\ud5d8\ud558\uc600\uc73c\ub098 \uc804\uad6d\uc801\uc73c\ub85c\ub294 \uc544\uc9c1 \uc644\ub9cc\ud55c \ud558\ub77d \ub610\ub294 \ubcf4\ud569\uc5d0 \uadf8\uce58\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d\uc758 \uacbd\uc6b0 2008\ub144\uacfc \ub2ec\ub9ac \uc774\ubc88\uc5d0\ub294 \uc8fc\ud0dd\uacf5\uae09 \ubd80\uc871\uacfc \uac74\uc804\ud574\uc9c4 \ub300\ucd9c\uad00\ud589\uc73c\ub85c \uacfc\uc789\uacf5\uae09\uc774\ub098 \ubd80\uc2e4\ub300\ucd9c \ubb38\uc81c\uac00 \ud06c\uc9c0 \uc54a\uc544 \uae09\uaca9\ud55c \ubd95\uad34\ubcf4\ub2e4\ub294 \uac70\ub798\ub7c9 \uc704\ucd95\uacfc \uc548\uc815\ud654\uc5d0 \uac00\uae4c\uc6b4 \uc591\uc0c1\uc744 \ubcf4\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

\ud55c\uad6d \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uc740 \uc9c0\uc5ed\ubcc4 \uc591\uadf9\ud654\uc640 \uc815\ucc45 \uac1c\uc785\uc73c\ub85c \ubbf8\uad6d\uacfc\ub294 \ub2e4\uc18c \ub2e4\ub978 \uc0ac\uc774\ud074\uc744 \uac70\ucce4\uc2b5\ub2c8\ub2e4. \uc55e\uc11c \uc5b8\uae09\ud588\ub4ef \uc11c\uc6b8 \ub4f1 \uc218\ub3c4\uad8c \uc8fc\ud0dd\uac00\uaca9\uc740 2000\ub144\ub300 \uc911\ubc18 \ud070 \ud3ed\uc73c\ub85c \uc62c\ub77c 2006\ub144 \uc804\uad6d \uc8fc\ud0dd\uac00\uaca9\uc9c0\uc218\uac00 11.5% \uc0c1\uc2b9(\uc2e4\uc9c8 9.2%)\ud558\ub294 \ub4f1 \ud22c\uae30\uc801 \uacfc\uc5f4\uc744 \ubcf4\uc600\uace0, \uc815\ubd80\ub294 \uac15\ub825\ud55c \ub300\ucd9c\uaddc\uc81c\uc640 \uc138\uc81c\uc870\uce58\ub85c \ub300\uc751\ud588\uc2b5\ub2c8\ub2e4. 2008\ub144 \uae08\uc735\uc704\uae30 \uc774\ud6c4\uc5d0\ub3c4 \ud55c\uad6d \uc9d1\uac12\uc740 \uba85\ubaa9\uc0c1 \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc73c\ub098(2008\ub144 +5.9%), \ubb3c\uac00\ub97c \uace0\ub824\ud558\uba74 \uc0ac\uc2e4\uc0c1 \uc815\uccb4 \ub610\ub294 \ud558\ub77d\uc774\uc5c8\uc2b5\ub2c8\ub2e4. 2010\ub144\ub300 \ucd08\ubc18\uae4c\uc9c0 \uc218\ub3c4\uad8c \uc8fc\ud0dd\uc2dc\uc7a5\uc740 \uacf5\uae09\uc99d\uac00\uc640 \uc218\uc694\uc704\ucd95\uc73c\ub85c \uc7a5\uae30 \uce68\uccb4\ub97c \uacaa\uc5b4 2012\ub144 \uc804\uad6d \uc9d1\uac12\uc774 \uc2e4\uc9c8 -2.8% \ud558\ub77d\ud558\uae30\ub3c4 \ud588\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ubd80\uc9c4\uc744 \ud0c0\uac1c\ud558\uace0\uc790 2014\ub144 \uc774\ud6c4 \uc815\ubd80\ub294 \uae08\ub9ac\uc778\ud558\uc640 \ud568\uaed8 LTV\u00b7DTI \uaddc\uc81c \uc644\ud654 \ub4f1 \ubd80\ub3d9\uc0b0 \uacbd\uae30\ubd80\uc591\ucc45\uc744 \uc2dc\ud589\ud588\uace0, \uc774\uc5d0 \ub530\ub77c 2014\ub144\uc744 \uae30\uc810\uc73c\ub85c \uc8fc\ud0dd\uc2dc\uc7a5\uc774 \uc0b4\uc544\ub098\uae30 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4. 2014~~2017\ub144 \uc804\uad6d \uc8fc\ud0dd\uac00\uaca9\uc740 \uc5f0 1~~3%\ub300\uc758 \uc644\ub9cc\ud55c \uc0c1\uc2b9\uc744 \ubcf4\uc600\uc73c\ub098, \uc800\uae08\ub9ac\ub85c \uc778\ud55c \uc720\ub3d9\uc790\uae08\uc774 \ubd80\ub3d9\uc0b0\uc73c\ub85c \ubab0\ub9ac\uba74\uc11c 2018\ub144\ubd80\ud130 \ub2e4\uc2dc \uacfc\uc5f4 \uc870\uc9d0\uc774 \ub098\ud0c0\ub098 \uc815\ubd80\ub294 \ub300\ucd9c\uaddc\uc81c \uac15\ud654\ub97c \uc7ac\ub3c4\uc785\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 2019\ub144\uae4c\uc9c0 \uc218\ub3c4\uad8c \uc9d1\uac12\uc774 \uac15\uc138\ub97c \ubcf4\uc774\uc790, 2020\ub144\ubd80\ud130 \ubb38\uc7ac\uc778 \uc815\ubd80\ub294 \uc787\ub2ec\uc544 20\uc5ec \ucc28\ub840\uc5d0 \uac78\uce5c \ubd80\ub3d9\uc0b0 \uc5b5\uc81c\uc815\ucc45(\uc885\ubd80\uc138 \uc778\uc0c1, \uc784\ub300\ucc28\ubc95 \ub4f1)\uc744 \ub0b4\ub193\uc558\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 2020~2021\ub144 \ucd08\uc800\uae08\ub9ac \uc18d \uc720\ub3d9\uc131 \ud64d\uc218\ub77c\ub294 \uac70\uc2dc\ud658\uacbd\uc774 \uc6cc\ub099 \uac15\ub825\ud574 \uc815\ucc45 \ud6a8\uacfc\ub97c \uc0c1\uc1c4\ud588\uace0, \uc804\uad6d \uc8fc\ud0dd\uac00\uaca9\uc774 2020\ub144 5.4%, 2021\ub144 9.9% \uae09\ub4f1\ud558\uc5ec 2006\ub144 \uc774\ud6c4 \ucd5c\uace0 \uc0c1\uc2b9\ub960\uc744 \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \uc11c\uc6b8 \uc544\ud30c\ud2b8\uc758 \uacbd\uc6b0 2020~21\ub144 \ub204\uc801\uc73c\ub85c 20% \uc774\uc0c1 \uc0c1\uc2b9\ud558\uba70 \uc911\uc704 \uac00\uaca9\uc774 12\uc5b5\uc6d0\uc744 \ub118\uc5b4\uc11c, \uc80a\uc740 \uce35\uc744 \uc911\uc2ec\uc73c\ub85c \uc774\ub978\ubc14 \u2018\uc601\ub04c\u2019(\uc601\ud63c\uae4c\uc9c0 \ub04c\uc5b4\ubaa8\uc544 \ub300\ucd9c) \ub9e4\uc218 \uc5f4\ud48d\uae4c\uc9c0 \uc77c\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ud558\uc9c0\ub9cc 2022\ub144\ubd80\ud130 \ubd88\uacfc 1\ub144 \uc0ac\uc774 \uc0c1\ud669\uc774 \ubc18\uc804\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ud55c\uad6d\uc740\ud589\uc774 \uae30\uc900\uae08\ub9ac\ub97c 0.5%\uc5d0\uc11c 3.5%\ub85c \uc62c\ub9ac\uace0 \ucd1d\ubd80\ucc44\uc6d0\ub9ac\uae08\uc0c1\ud658\ube44\uc728(DSR) \uaddc\uc81c\uac00 \uac15\ud654\ub418\uba74\uc11c, \ub300\ucd9c\uc5d0 \uae30\ubc18\ud55c \uc8fc\ud0dd\uc218\uc694\uac00 \uae09\uac10\ud588\uc2b5\ub2c8\ub2e4. 2022\ub144 \uc804\uad6d \uc8fc\ud0dd\uac00\uaca9\uc740 4.7% \ud558\ub77d\ud588\uace0 \uc2e4\uc9c8\ub85c\ub294 9% \uc774\uc0c1 \ub5a8\uc5b4\uc9c0\uba70, \uc218\ub3c4\uad8c \uc678 \uc9c0\uc5ed\uc740 3\ub144 \uc5f0\uc18d \uac00\uaca9 \ud558\ub77d\uc744 \uacbd\ud5d8\ud588\uc2b5\ub2c8\ub2e4. \ubd80\ub3d9\uc0b0 \uac70\ub798\ub7c9\ub3c4 2020\ub144 \ub300\ube44 \uc808\ubc18 \uc774\ud558\ub85c \uae09\uac10\ud558\uc5ec \uadf9\uc2ec\ud55c \uac70\ub798\uc808\ubcbd \ud604\uc0c1\uc774 \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. 2023\ub144 \ub4e4\uc5b4 \uae08\ub9ac\uc778\uc0c1 \uc18d\ub3c4\uac00 \uc870\uc808\ub418\uace0 \uc77c\ubd80 \uaddc\uc81c\uac00 \uc644\ud654\ub418\uc790 \ud558\ub77d\uc138\ub294 \uc7a6\uc544\ub4e4\uace0 \uc218\ub3c4\uad8c\ubd80\ud130 \uac70\ub798\uac00 \uc99d\uac00\ud558\uba70 \ubc14\ub2e5 \uc9d5\ud6c4\uac00 \uac10\uc9c0\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ud55c\uad6d \ubd80\ub3d9\uc0b0\uc758 \uad6c\uc870\uc801 \ud2b9\uc9d5\uc740 \uc778\uad6c \uace0\ub839\ud654\ub85c \uc7a5\uae30 \uc218\uc694\ub294 \uc815\uccb4\ub420 \uc804\ub9dd\uc774\ub098, \uc11c\uc6b8 \ub4f1 \ub300\ub3c4\uc2dc\ub85c\uc758 \uc778\uad6c\uc3e0\ub9bc\uacfc \uacf5\uae09\uc81c\uc57d\uc73c\ub85c \ud574\ub2f9 \uc9c0\uc5ed\uc758 \uc8fc\ud0dd \ud76c\uc18c\uc131\uc740 \uacc4\uc18d \ub192\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4. OECD\uc5d0 \ub530\ub974\uba74 \ud55c\uad6d\uc740 \ub300\ub3c4\uc2dc\uc640 \uc911\uc18c\ub3c4\uc2dc \uac04 \uc8fc\ud0dd\uac00\uaca9 \uaca9\ucc28\uac00 \uac00\uc7a5 \ud070 \ub098\ub77c\ub85c, \uc218\ub3c4\uad8c \uc8fc\ud0dd\uc5d0 \ub300\ud55c \ucd08\uacfc\uc218\uc694\uac00 \uad6c\uc870\uc801\uc73c\ub85c \uc874\uc7ac\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uad6c\uc870\uc801 \uc694\uc778\uc740 \uc815\ucc45 \ubc0f \uae08\ub9ac \ubcc0\ud654\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc911\uc7a5\uae30\uc801\uc73c\ub85c \uc218\ub3c4\uad8c \uc8fc\ud0dd\uac00\uaca9\uc744 \uc9c0\uc9c0\ud558\ub294 \ud798\uc73c\ub85c \uc791\uc6a9\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uc758 \uc704\ud5d8\uc694\uc778\uc73c\ub85c\ub294 \uae08\ub9ac\uc218\uc900\uacfc \ubd80\ucc44\ubd80\ub2f4\uc744 \ucd5c\uc6b0\uc120\uc73c\ub85c \uaf3d\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubd80\ub3d9\uc0b0\uc740 \ub808\ubc84\ub9ac\uc9c0\ub97c \ud65c\uc6a9\ud55c \ud22c\uc790\uac00 \uc77c\ubc18\uc801\uc778 \ub9cc\ud07c, \uae08\ub9ac \uc0c1\uc2b9 \uc2dc \ucc28\uc8fc\uc758 \uc6d0\ub9ac\uae08 \uc0c1\ud658\ubd80\ub2f4\uc774 \ucee4\uc838 \uc218\uc694\uc704\ucd95\uacfc \ub9e4\ubb3c \uc99d\uac00\ub97c \ucd08\ub798\ud560 \uc704\ud5d8\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ud55c\uad6d\ucc98\ub7fc \uac00\uacc4\ubd80\ucc44 \ube44\uc728\uc774 \ub192\uc740 \uacbd\uc6b0 \uae08\ub9ac\ucda9\uaca9\uc5d0 \ub530\ub978 \ubd80\uc2e4\uc704\ud5d8 \uc804\uc774\uc5d0 \uc720\uc758\ud574\uc57c \ud569\ub2c8\ub2e4. \ub610\ud55c \uac70\uc2dc\uacbd\uc81c \uce68\uccb4\ub85c \uc18c\ub4dd\uc774 \uac10\uc18c\ud558\uba74 \uc8fc\ud0dd\uad6c\ub9e4\ub825\uc774 \uc57d\ud654\ub418\uc5b4 \ubd80\ub3d9\uc0b0 \uac00\uaca9\uc774 \ud558\ubc29\uc555\ub825\uc744 \ubc1b\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\uba74 \uae30\ud68c\uc694\uc778\uc73c\ub85c\ub294 \uc778\ud50c\ub808\uc774\uc158 \ud5e4\uc9c0 \ubc0f \uc2e4\ubb3c\uc790\uc0b0 \uc120\ud638\ub97c \ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubb3c\uac00 \uc0c1\uc2b9\uae30\uc5d0\ub294 \uc2e4\ubb3c\uc790\uc0b0\uc778 \ubd80\ub3d9\uc0b0\uc774 \uba85\ubaa9\uac00\uaca9 \ubc29\uc5b4\uc5d0 \uc720\ub9ac\ud558\uace0 \uc784\ub300\ub8cc\ub97c \ud1b5\ud55c \ud604\uae08\ud750\ub984\uc744 \uc81c\uacf5\ud558\ubbc0\ub85c \ud22c\uc790\uc218\uc694\uac00 \uc720\uc9c0\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uac01\uad6d \uc815\ubd80\uc758 \ub3c4\uc2dc\uc815\ube44, \uc778\ud504\ub77c \ud22c\uc790, \uc2e0\ub3c4\uc2dc \uac1c\ubc1c \ub4f1 \uc815\ucc45\uc801 \uc9c0\uc6d0\uc774 \ubd80\ub3d9\uc0b0 \uc218\uc694\ub97c \uacac\uc778\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 \ud55c\uad6d \uc815\ubd80\ub294 2023\ub144 \uc218\ub3c4\uad8c 3\uae30 \uc2e0\ub3c4\uc2dc \uac74\uc124 \ubc0f \uc11c\uc6b8 \uc7ac\uac74\ucd95 \uaddc\uc81c\uc644\ud654 \ub4f1\uc744 \ud1b5\ud574 \uc911\uc7a5\uae30 \uc8fc\ud0dd\uacf5\uae09\uc744 \ud655\ub300\ud558\ub824 \ud558\ub098, \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uac1c\ubc1c \uae30\ub300\uac10\uc774 \uc8fc\ubcc0 \ubd80\ub3d9\uc0b0 \uac00\uaca9\uc744 \uc790\uadf9\ud558\ub294 \ud6a8\uacfc\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uc0c1\uc5c5\uc6a9 \ubd80\ub3d9\uc0b0\uc758 \uacbd\uc6b0, \ud32c\ub370\ubbf9 \uc774\ud6c4 \uc624\ud53c\uc2a4 \uc218\uc694 \uac10\uc18c\uc640 \uc774\ucee4\uba38\uc2a4 \ud655\ub300\ub85c \ub9ac\ud14c\uc77c \ubd80\ub3d9\uc0b0\uc774 \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uc788\uc73c\ub098 \ubb3c\ub958\uc13c\ud130, \ub370\uc774\ud130\uc13c\ud130 \ub4f1 \uc77c\ubd80 \ubd80\ubb38\uc740 \uc131\uc7a5\uae30\ud68c\ub85c \ubd80\uc0c1\ud588\uc2b5\ub2c8\ub2e4. \uc694\uc57d\ud558\uba74 \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uc740 \uae08\ub9ac\uc640 \uc815\ucc45\uc5d0 \ubbfc\uac10\ud558\ub098 \uc778\uad6c\uad6c\uc870\uc640 \ub3c4\uc2dc\ud654 \ub4f1 \uad6c\uc870\uc801 \uc218\uae09 \uc694\uc778\uc5d0 \uc7a5\uae30\uc801\uc73c\ub85c \uc601\ud5a5\ubc1b\uc73c\uba70, \uc774\ub7ec\ud55c \ud798\uc758 \uade0\ud615\uc5d0 \ub530\ub77c \uc0ac\uc774\ud074\uc774 \ud615\uc131\ub420 \uc804\ub9dd\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\uae08(Gold) \uc2dc\uc7a5 \uc0ac\uc774\ud074<\/strong><\/p>\n\n\n\n

\uae08 \uac00\uaca9\uc740 \uc804\ud1b5\uc801\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158 \ud5e4\uc9c0 \ubc0f \uc548\uc804\uc790\uc0b0 \uc120\ud638\ub85c \uc6c0\uc9c1\uc774\ub294 \uacbd\ud5a5\uc774 \uac15\ud558\uba70, 2005~2025\ub144 \uae30\uac04\uc5d0\ub3c4 \uc8fc\uc694 \uacbd\uc81c\uc704\uae30\uc640 \uc815\ucc45 \ubcc0\ud654\uc5d0 \uc5f0\ub3d9\ub418\uc5b4 \ud070 \uc0ac\uc774\ud074\uc744 \uadf8\ub838\uc2b5\ub2c8\ub2e4. 2000\ub144\ub300 \ucd08\ubc18\ubd80\ud130 \uc2dc\uc791\ub41c \uae08 \uac00\uaca9 \uc0c1\uc2b9\uc138\ub294 2008\ub144 \uae08\uc735\uc704\uae30 \uc774\ud6c4 \uac00\uc18d\ud654\ub418\uc5b4, \uc628\uc2a4\ub2f9 2001\ub144 \uc57d 275\ub2ec\ub7ec \uc218\uc900\uc5d0\uc11c 2011\ub144 9\uc6d4 \uc0ac\uc0c1 \ucd5c\uace0\uce58\uc600\ub358 1,900\ub2ec\ub7ec\uae4c\uc9c0 \uc57d 10\ub144\uac04 7\ubc30 \uae09\ub4f1\ud588\uc2b5\ub2c8\ub2e4. \uc774 \uae30\uac04 \ub2ec\ub7ec \uc57d\uc138\uc640 \uae08\uc735\ubd88\uc548, \uac01\uad6d\uc758 \ubd80\ucc44\uc99d\uac00\uc5d0 \ub300\ud55c \uc6b0\ub824\ub85c \uae08\uc5d0 \ub300\ud55c \ud22c\uc790\uc218\uc694\uac00 \ud3ed\ubc1c\uc801\uc73c\ub85c \ub298\uc5c8\uace0, \uae08\uc740 \ub2e4\uc2dc \ud55c\ubc88 \ucd5c\uace0\uc758 \uc548\uc804\uc790\uc0b0\uc73c\ub85c\uc11c \uc704\uce58\ub97c \ud655\uc778\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 2011\ub144 \uc774\ud6c4 \uae00\ub85c\ubc8c \uacbd\uc81c\uac00 \uc11c\uc11c\ud788 \uc548\uc815\ub418\uace0 \ubbf8 \uc5f0\uc900\uc774 \uc591\uc801\uc644\ud654\ub97c \ucd95\uc18c\ud560 \uae30\ubbf8\ub97c \ubcf4\uc774\uc790 \uae08 \uac00\uaca9\uc740 \uc7a5\uae30 \uc870\uc815\uc5d0 \ub4e4\uc5b4\uac14\uc2b5\ub2c8\ub2e4. 2013\ub144 \ubbf8 \uc5f0\uc900\uc758 \ud14c\uc774\ud37c\ub9c1(\uc790\uc0b0\ub9e4\uc785 \ucd95\uc18c) \uc2e0\ud638\ub85c \ud55c \ud574\uc5d0\ub9cc \uae08\uac12\uc774 28% \uae09\ub77d\ud558\ub294 \ub4f1, 2015\ub144 \ub9d0\uc5d0\ub294 \uc628\uc2a4\ub2f9 1,050\ub2ec\ub7ec \uc120\uae4c\uc9c0 \ub0b4\ub824\uc624\uba70 \uace0\uc810 \ub300\ube44 \uc57d -45% \uc870\uc815\ubc1b\uc558\uc2b5\ub2c8\ub2e4. \uc774 2011~2015\ub144\uc758 \uc57d\uc138\uc7a5\uc740 \uc778\ud50c\ub808\uc774\uc158\uc774 \ub0ae\uace0 \ub2ec\ub7ec\uac00 \uac15\uc138\uc600\uc73c\uba70, \ud22c\uc790\uc790\ub4e4\uc774 \uc8fc\uc2dd \ub4f1 \uc704\ud5d8\uc790\uc0b0\uc73c\ub85c \ubcf5\uadc0\ud55c \ub370 \ub530\ub978 \uacb0\uacfc\uc600\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

2016\ub144 \uc774\ud6c4 \uae08 \uac00\uaca9\uc740 \ub2e4\uc2dc \uc0c1\uc2b9\uc138\ub85c \ub3cc\uc544\uc130\uc2b5\ub2c8\ub2e4. \ubbf8 \uc5f0\uc900\uc758 \uae08\ub9ac\uc778\uc0c1\uc774 \ub354\ub514\uac8c \uc9c4\ud589\ub418\ub294 \uac00\uc6b4\ub370, \uc9c0\uc815\ud559\uc801 \ub9ac\uc2a4\ud06c(\ubd81\ud55c \ub9ac\uc2a4\ud06c, \uc911\ub3d9 \ubd88\uc548 \ub4f1)\uc640 \ubbf8\uad6d \uc815\uce58 \ubd88\ud655\uc2e4\uc131\uc73c\ub85c \uc548\uc804\uc790\uc0b0 \uc218\uc694\uac00 \uc0b4\uc544\ub0ac\uace0, \ud2b9\ud788 2018~2019\ub144\uc5d0\ub294 \uae00\ub85c\ubc8c \uc81c\uc870\uc5c5 \uce68\uccb4\uc640 \ubbf8\u00b7\uc911 \uac08\ub4f1 \uc18d\uc5d0 \uae08\uac12\uc774 \uc628\uc2a4\ub2f9 1,500\ub2ec\ub7ec \uc548\ud30e\uc73c\ub85c \uc0c1\uc2b9\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub9ac\uace0 2020\ub144 \ud32c\ub370\ubbf9\uc774 \ubc1c\uc0dd\ud558\uc790 \uae08 \uac00\uaca9\uc740 \ud3ed\ubc1c\uc801\uc778 \ub7a0\ub9ac\ub97c \ubcf4\uc774\uba70 2020\ub144 8\uc6d4\uc5d0\ub294 \uc0ac\uc0c1 \ucc98\uc74c\uc73c\ub85c \uc628\uc2a4\ub2f9 2,070\ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud574 \uc0c8\ub85c\uc6b4 \ucd5c\uace0\uac00\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc804 \uc138\uacc4\uc801\uc778 \ud1b5\ud654\uc644\ud654\ub85c \uc778\ud55c \ud1b5\ud654\uac00\uce58 \ud558\ub77d(\uc77c\ubd80\uc5d0\uc11c \uc6b0\ub824\ud55c \ud1b5\ud654\uac00\uce58 \uc808\ud558 \ubc0f Fiat \uba38\ub2c8\uc5d0 \ub300\ud55c \uc2e0\ub8b0 \uc800\ud558)\uc5d0 \ub300\ud55c \uc120\uc81c\uc801 \ud5e4\uc9c0 \uc218\uc694\uac00 \ucef8\ub358 \uac83\uc73c\ub85c \ubd84\uc11d\ub429\ub2c8\ub2e4. \ub610\ud55c \uac01\uad6d \uc815\ubd80\ubd80\ucc44\uac00 \uae09\uc99d\ud558\uace0 \uc2e4\uc9c8\uae08\ub9ac\uac00 \ub9c8\uc774\ub108\uc2a4\ub85c \ub5a8\uc5b4\uc9c0\uc790, \uae08 \ubcf4\uc720\uc758 \uae30\ud68c\ube44\uc6a9\uc774 \ub0ae\uc544\uc838 \uae30\uad00\ud22c\uc790\uc790\ub4e4\ub3c4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc5d0 \uae08\uc744 \ud3b8\uc785\ud558\ub294 \uacbd\ud5a5\uc774 \uc99d\uac00\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

2022\ub144\uc5d0\ub294 \uae00\ub85c\ubc8c \uc778\ud50c\ub808\uc774\uc158\uc774 \ud604\uc2e4\ud654\ub418\uace0 \ubbf8 \uc5f0\uc900\uc774 \uae09\uaca9\ud55c \uae08\ub9ac\uc778\uc0c1\uc5d0 \ub098\uc11c\uc790, \uae08 \uac00\uaca9\uc740 \ub2ec\ub7ec \uac15\uc138 \uc601\ud5a5\uc73c\ub85c \ucd5c\uace0\uce58 \ub300\ube44 \ub2e4\uc18c \ud558\ub77d\ud558\uc5ec 1,800~~1,900\ub2ec\ub7ec \uc120\uc5d0\uc11c \ub4f1\ub77d\uc744 \uac70\ub4ed\ud588\uc2b5\ub2c8\ub2e4. \ube44\ub85d \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 \ub192\uc558\uc9c0\ub9cc \ub3d9\uc2dc\uc5d0 \ubbf8 \uad6d\ucc44\uae08\ub9ac\ub3c4 \uae09\ub4f1\ud558\uc5ec \uae08\uc758 \ubb34\uc774\uc790 \uc790\uc0b0\uc774\ub77c\ub294 \uc57d\uc810\uc774 \ubd80\uac01\ub418\uba74\uc11c \ud070 \ud3ed\uc758 \ucd94\uac00 \uc0c1\uc2b9\uc740 \uc81c\ud55c\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \uae08 \uac00\uaca9\uc774 \uacfc\uac70\ucc98\ub7fc \ud06c\uac8c \ub5a8\uc5b4\uc9c0\uc9c0\ub3c4 \uc54a\uc740 \uac83\uc740, \ubd88\ud655\uc2e4\ud55c \uacbd\uc81c\uc0c1\ud669\uc5d0\uc11c \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubd84\uc0b0 \ucc28\uc6d0\uc758 \uc218\uc694\uac00 \uacac\uc870\ud588\uace0 \uac01\uad6d \uc911\uc559\uc740\ud589(\ud2b9\ud788 \uc2e0\ud765\uad6d \uc911\uc559\uc740\ud589\ub4e4\uc758 \uae08 \ube44\ucd95 \ud655\ub300)\uc774 \uae08 \uc218\uc694\ub97c \ub4b7\ubc1b\uce68\ud588\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc2e4\uc81c\ub85c 2022\ub144 \uc804 \uc138\uacc4 \uc911\uc559\uc740\ud589\ub4e4\uc758 \uae08 \ub9e4\uc785\ub7c9\uc740 \uc218\uc2ed \ub144 \ub9cc\uc5d0 \ucd5c\uace0\uce58\ub97c \uacbd\uc2e0\ud558\uba70 \uae08\uac12\uc744 \ubc29\uc5b4\ud558\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud588\uc2b5\ub2c8\ub2e4. 2023~~2025\ub144 \ub4e4\uc5b4\uc11c\ub294 \ubbf8 \ud1b5\ud654\uae34\ucd95 \uc0ac\uc774\ud074 \uc885\ub8cc \uae30\ub300\uc640 \ub2ec\ub7ec\ud654 \uc57d\uc138 \uc804\ud658 \uac00\ub2a5\uc131 \ub4f1\uc73c\ub85c \uae08 \uac00\uaca9\uc774 \uc7ac\ucc28 \uc0c1\uc2b9 \uc555\ub825\uc744 \ubc1b\uc544, 2023\ub144 5\uc6d4\uc5d0\ub294 \uae30\uc874 \ucd5c\uace0\uce58\ub97c \ub118\uc5b4 2,100\ub2ec\ub7ec\ub300\uae4c\uc9c0 \uc624\ub974\ub294 \ub4f1 \uc0ac\uc0c1 \ucd5c\uace0\uac00 \uacbd\uc2e0 \ud589\uc9c4\uc774 \uc774\uc5b4\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uae08 \uc2dc\uc7a5\uc758 \uc704\ud5d8\uc694\uc778\uc73c\ub85c\ub294 \uc2e4\uc9c8\uae08\ub9ac \uc0c1\uc2b9\uacfc \ub2ec\ub7ec \uac15\uc138\ub97c \ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uae08\uc740 \uc774\uc790\ub098 \ubc30\ub2f9\uc744 \uc9c0\uae09\ud558\uc9c0 \uc54a\uc73c\ubbc0\ub85c, \ubbf8 \uad6d\ucc44 \ub4f1\uc758 \uc2e4\uc9c8\uae08\ub9ac\uac00 \ub192\uc544\uc9c0\uba74 \ube44\uad50\uc5f4\uc704\uc5d0 \ub193\uc5ec \ud22c\uc790\uc218\uc694\uac00 \uc904\uc5b4\ub4dc\ub294 \uacbd\ud5a5\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uae08 \uac00\uaca9\uc740 \ub2ec\ub7ec\ud654\ub85c \ud45c\uc2dc\ub418\ubbc0\ub85c \ub2ec\ub7ec\uac00 \uac15\uc138\uba74 \uae08 \uc218\uc694\uad6d\uc758 \uad6c\ub9e4\ube44\uc6a9\uc774 \uc99d\uac00\ud558\uc5ec \uc218\uc694\ub97c \uc704\ucd95\uc2dc\ud0ac \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud55c\ud3b8 \uae30\ud68c\uc694\uc778\uc73c\ub85c\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc9c0\uc18d \ubc0f \uc9c0\uc815\ud559\uc801 \uc704\ud5d8\uc744 \ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub9cc\uc57d \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158\uc774 \uad6c\uc870\uc801\uc73c\ub85c \uc774\uc5b4\uc9c0\uac70\ub098 \ud1b5\ud654\uac00\uce58\uc5d0 \ub300\ud55c \uc2e0\ub8b0\uac00 \uc57d\ud654\ub418\uba74, \uae08\uc740 \uad81\uadf9\uc801 \uac00\uce58\uc800\uc7a5 \uc218\ub2e8\uc73c\ub85c \uac01\uad11\ubc1b\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uad6d\uc81c\uc815\uc138\uac00 \ubd88\uc548\ud558\uac70\ub098 \uae08\uc735\uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \ub54c \ud22c\uc790\uc790\ub4e4\uc774 \ub9ac\uc2a4\ud06c \ud68c\ud53c \ucc28\uc6d0\uc5d0\uc11c \uae08\uc744 \ub9e4\uc785\ud558\uae30 \ub54c\ubb38\uc5d0, \uae08 \uac00\uaca9\uc774 \uac15\uc138\ub97c \ubcf4\uc77c \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 \ub7ec\uc2dc\uc544-\uc6b0\ud06c\ub77c\uc774\ub098 \uc804\uc7c1, \ubbf8\u00b7\uc911 \uac08\ub4f1 \uaca9\ud654 \ub4f1\uc758 \uc2dc\uae30\uc5d0 \uae08\uac12\uc774 \uc0c1\uc2b9 \ud0c4\ub825\uc744 \ubc1b\ub294 \ubaa8\uc2b5\uc774 \uad00\ucc30\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uadf8\ub9ac\uace0 \uc911\uc559\uc740\ud589\ub4e4\uc758 \uae08 \ube44\ucd95 \uc804\ub7b5\ub3c4 \ud5a5\ud6c4 \uae08 \uc218\uc694\uc758 \uc911\uc694\ud55c \uc694\uc18c\uc785\ub2c8\ub2e4. \ub2ec\ub7ec \uc911\uc2ec\uc758 \uad6d\uc81c\ud1b5\ud654\uccb4\uc81c \ub2e4\ubcc0\ud654 \uc6c0\uc9c1\uc784 \uc18d\uc5d0\uc11c \uc911\uad6d, \ub7ec\uc2dc\uc544 \ub4f1 \uc2e0\ud765\uad6d \uc911\uc559\uc740\ud589\ub4e4\uc774 \uc678\ud658\ubcf4\uc720\uc561 \uc911 \uae08 \ube44\uc911\uc744 \ub298\ub9ac\uace0 \uc788\uc5b4 \uae08 \uc2dc\uc7a5\uc758 \uacf5\uae09\ubcf4\ub2e4 \uc218\uc694\uac00 \uad6c\uc870\uc801\uc73c\ub85c \uc6b0\uc704\ub97c \ubcf4\uc77c \uac83\uc774\ub77c\ub294 \uc804\ub9dd\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uc694\ucee8\ub300 \uae08 \uac00\uaca9\uc740 \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uae08\ub9ac\uc640 \ub2ec\ub7ec\uc5d0 \ubbfc\uac10\ud558\uaca0\uc9c0\ub9cc, \uc7a5\uae30\uc801\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158 \ubc29\uc5b4\uc640 \uc548\uc804\uc790\uc0b0 \uc218\uc694\ub77c\ub294 \ud22c\uc790\ub17c\ub9ac\uac00 \uc720\uc9c0\ub418\ub294 \ud55c \uc77c\uc815 \uc218\uc900 \uc774\uc0c1\uc744 \uc720\uc9c0\ud558\uba70 \uc0c1\uc2b9 \ucd94\uc138\ub97c \uc774\uc5b4\uac08 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\uc554\ud638\ud654\ud3d0(Cryptocurrency) \uc2dc\uc7a5 \uc0ac\uc774\ud074<\/strong><\/p>\n\n\n\n

\uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 2009\ub144 \ube44\ud2b8\ucf54\uc778(BTC)\uc758 \ub4f1\uc7a5 \uc774\ud6c4 10\uc5ec\ub144\uac04 \uae09\uc131\uc7a5\ud558\uc5ec \uc0c8\ub85c\uc6b4 \uc790\uc0b0\uad70\uc73c\ub85c \ubd80\uc0c1\ud588\uc9c0\ub9cc, \ubcc0\ub3d9\uc131\uacfc \ud22c\uae30\uc131\uc774 \uadf9\ub2e8\uc801\uc73c\ub85c \ub192\uc558\uc2b5\ub2c8\ub2e4. \ucd08\ucc3d\uae30\uc778 2010\ub144\ub300 \uc911\ubc18\uae4c\uc9c0\ub9cc \ud574\ub3c4 \uc554\ud638\ud654\ud3d0\ub294 \uc18c\uc218 \uae30\uc220 \ub9e4\ub2c8\uc544\ub4e4\uc758 \uc601\uc5ed\uc774\uc5c8\uc73c\ub098, 2017\ub144 \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc774 \uac1c\ub2f9 1\ub9cc9\ucc9c \ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud558\uba70 \ub300\uc911\uc758 \uad00\uc2ec\uc744 \ub04c\uc5c8\uc2b5\ub2c8\ub2e4. 2017\ub144\uc758 \u201c\ud06c\ub9bd\ud1a0 \ubd90\u201d\uc740 ICO(Initial Coin Offering) \uad11\ud48d\uacfc \ud568\uaed8 \uc218\ubc31 \uc885\uc758 \uc54c\ud2b8\ucf54\uc778\uc774 \uc0dd\uaca8\ub098\ub294 \ub4f1 \ud22c\uae30\uc801 \uc5f4\uae30\uac00 \ub728\uac70\uc6e0\uc73c\ub098, \uc774\ub0b4 \uaddc\uc81c \ubd88\ud655\uc2e4\uc131\uacfc \uac70\ud488 \ub17c\ub780\uc73c\ub85c 2018\ub144 \uc554\ud638\uc790\uc0b0 \uc2dc\ucd1d\uc774 80% \uc774\uc0c1 \uc99d\ubc1c\ud558\ub294 \ud3ed\ub77d\uc744 \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ud6c4 \uba87 \ub144\uac04 \uc7a0\uc7a0\ud558\ub358 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 2020\ub144 \ub9d0\ubd80\ud130 \ub2e4\uc2dc \ud3ed\ubc1c\uc801 \uc0c1\uc2b9\uad6d\uba74\uc5d0 \uc9c4\uc785\ud588\ub294\ub370, \uc774\ub294 \ud32c\ub370\ubbf9 \uc774\ud6c4 \uc720\ub3d9\uc131 \uacfc\uc789\uacfc \uc80a\uc740 \uce35\uc758 \uc801\uadf9\uc801 \ud22c\uc790 \ucc38\uc5ec, \uae30\uad00\ud22c\uc790\uac00\ub4e4\uc758 \ubd80\ubd84\uc801 \uc2dc\uc7a5 \uc9c4\uc785 \ub4f1\uc774 \ub9de\ubb3c\ub9b0 \uacb0\uacfc\uc600\uc2b5\ub2c8\ub2e4. \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc740 2020\ub144 \uc57d 7\ucc9c \ub2ec\ub7ec \uc218\uc900\uc5d0\uc11c 2021\ub144 11\uc6d4 \uc5ed\uc0ac\uc0c1 \ucd5c\uace0\uce58\uc778 6\ub9cc9\ucc9c \ub2ec\ub7ec\uae4c\uc9c0 \uc0c1\uc2b9\ud588\uace0, \uc774\ub354\ub9ac\uc6c0 \ub4f1 \uc8fc\uc694 \ucf54\uc778\ub4e4\ub3c4 \uc0ac\uc0c1 \ucd5c\uace0\uac00\ub97c \uae30\ub85d\ud558\uba74\uc11c 2021\ub144 \ub9d0 \uc804 \uc138\uacc4 \uc554\ud638\ud654\ud3d0 \uc2dc\uac00\ucd1d\uc561\uc774 2\uc8705\ucc9c\uc5b5 \ub2ec\ub7ec\uc5d0 \uc721\ubc15\ud588\uc2b5\ub2c8\ub2e4. IMF\ub3c4 \u201c\uc554\ud638\uc790\uc0b0\uc774 \uad6d\uc81c\uae08\uc735 \uc2dc\uc2a4\ud15c\uc744 \uadfc\ubcf8\uc801\uc73c\ub85c \ubc14\uafb8\uace0 \uc788\uc73c\uba70, 2021\ub144 \ud55c \ud574\uc5d0\ub9cc \uc2dc\uac00\ucd1d\uc561\uc774 3.5\ubc30\ub85c \uae09\uc99d\ud588\ub2e4\u201d\uace0 \ubd84\uc11d\ud588\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc IMF\ub294 \uc774\ub7ec\ud55c \uc2dc\ucd1d \uae09\uc99d\uc774 \ud601\uc2e0\uc801 \uae30\uc220\uc758 \uacbd\uc81c\uc801 \uac00\uce58\ub97c \ubc18\uc601\ud560 \uc218\ub3c4 \uc788\uc9c0\ub9cc, \ub3d9\uc2dc\uc5d0 \uacfc\ub3c4\ud55c \ubc38\ub958\uc5d0\uc774\uc158 \uac70\ud488\uc744 \uc2dc\uc0ac\ud560 \uc218 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4. \uc2e4\uc81c\ub85c 2022\ub144 \ub4e4\uc5b4 \uae00\ub85c\ubc8c \ud1b5\ud654\uae34\ucd95\uacfc \ud568\uaed8 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 \uae09\uaca9\ud55c \uc218\ucd95\uc744 \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. Terra\/Luna \uc2a4\ud14c\uc774\ube14\ucf54\uc778 \uc0ac\ud0dc, \ub300\ud615 \uac70\ub798\uc18c FTX \ud30c\uc0b0 \ub4f1 \uc2dc\uc2a4\ud15c \ub0b4 \ucde8\uc57d\uc131\uc774 \ub4dc\ub7ec\ub098\uba70 \uc2e0\ub8b0\uac00 \ud6fc\uc190\ub418\uc5c8\uace0, \ube44\ud2b8\ucf54\uc778\uc740 2022\ub144 \ub9d0 \ud55c\ub54c 1\ub9cc6\ucc9c \ub2ec\ub7ec \uc120\uae4c\uc9c0 \ud3ed\ub77d\ud558\uc5ec \uc815\uc810 \ub300\ube44 -75% \ud3ed\ub77d\ud558\uc600\uc2b5\ub2c8\ub2e4. \uc804\uccb4 \uc554\ud638\ud654\ud3d0 \uc2dc\ucd1d\ub3c4 1\uc870 \ub2ec\ub7ec \uc774\ud558\ub85c \ucabc\uadf8\ub77c\ub4e4\uc5c8\uace0, \ub9ce\uc740 \uc54c\ud2b8\ucf54\uc778\ub4e4\uc774 \ud734\uc9c0\uc870\uac01\uc774 \ub418\ub294 \ub4f1 \uac00\uc0c1\uc790\uc0b0 \uaca8\uc6b8\uc774 \ucc3e\uc544\uc654\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc554\ud638\ud654\ud3d0 \uc790\uc0b0\uc758 \uc704\ud5d8\uc694\uc778\uc740 \uc6b0\uc120 \uadf9\ub3c4\uc758 \ubcc0\ub3d9\uc131\uacfc \ud22c\uae30\uc131\uc785\ub2c8\ub2e4. \uc554\ud638\ud654\ud3d0\ub294 \ub0b4\uc7ac\uac00\uce58 \uc0b0\uc815\uc774 \uc5b4\ub835\uace0 \uac00\uaca9\ud615\uc131\uc774 \uc21c\uc804\ud788 \uc218\uc694-\uacf5\uae09\uc5d0 \uc88c\uc6b0\ub418\uae30 \ub54c\ubb38\uc5d0, \ud22c\uc790\uc2ec\ub9ac \ubcc0\ud654\uc5d0 \ub530\ub77c \uba70\uce60 \ub9cc\uc5d0 \uac00\uce58\uac00 \uc218\uc2ed \ud37c\uc13c\ud2b8\uc529 \ub4f1\ub77d\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uaddc\uc81c\ud658\uacbd\uc758 \ubcc0\ud654\uac00 \ucd5c\ub300 \ub9ac\uc2a4\ud06c \uc911 \ud558\ub098\ub85c \uaf3d\ud788\ub294\ub370, \uac01\uad6d \uc815\ubd80\uc640 \uad6d\uc81c\uae30\uad6c\ub4e4\uc740 \uc554\ud638\ud654\ud3d0\uac00 \uc790\uae08\uc138\ud0c1, \ud0c8\uc138, \ud22c\uc790\uc790\ubcf4\ud638 \ubb38\uc81c \ub4f1\uc744 \uc57c\uae30\ud55c\ub2e4\uace0 \ubcf4\uace0 \uaddc\uc81c\ud2c0 \ub9c8\ub828\uc744 \uc11c\ub450\ub974\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uaddc\uc81c\uac00 \uac15\ud574\uc9c8 \uacbd\uc6b0 \uc554\ud638\ud654\ud3d0 \uac70\ub798\uac00 \uc704\ucd95\ub418\uace0 \uc2dc\uc7a5\uc774 \ucd95\uc18c\ub420 \uc704\ud5d8\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 \uc911\uad6d\uc740 2021\ub144 \uc554\ud638\ud654\ud3d0 \uac70\ub798\uc640 \ucc44\uad74\uc744 \uc804\uba74 \uae08\uc9c0\ud588\uace0, \ubbf8\uad6d \uc99d\uad8c\uac70\ub798\uc704\uc6d0\ud68c(SEC)\ub294 2023\ub144 \ub4e4\uc5b4 \uc77c\ubd80 \ucf54\uc778\ub4e4\uc744 \ubbf8\ub4f1\ub85d \uc99d\uad8c\uc73c\ub85c \uaddc\uc815\ud558\uba70 \uc81c\uc7ac\ub97c \uac00\ud558\ub294 \ub4f1 \uaddc\uc81c \ub9ac\uc2a4\ud06c\uac00 \ud604\uc2e4\ud654\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \uc0ac\uc774\ubc84 \ud574\ud0b9\uacfc \uc0ac\uae30 \ub4f1\uc758 \uae30\uc220\uc801\u00b7\uc6b4\uc601\uc801 \uc704\ud5d8\ub3c4 \ud07d\ub2c8\ub2e4. \uc2a4\ub9c8\ud2b8\uacc4\uc57d \uacb0\ud568\uc774\ub098 \uac70\ub798\uc18c \ud574\ud0b9\uc73c\ub85c \ub2e8\uae30\uac04\uc5d0 \ud070 \uc190\uc2e4\uc774 \ubc1c\uc0dd\ud55c \uc0ac\ub840\uac00 \ub2e4\uc218 \uc788\uace0, \ud22c\uc790\uc790 \ubcf4\ud638\uc7a5\uce58\uac00 \ubbf8\ube44\ud558\uc5ec \uc774\ub7ec\ud55c \uc0ac\uac74\uc774 \uc2dc\uc7a5\uc2e0\ub8b0\ub97c \ub5a8\uc5b4\ub728\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. IMF\ub294 2021\ub144 \ubcf4\uace0\uc11c\uc5d0\uc11c \u201c\uc554\ud638\uc790\uc0b0 \uc2dc\uc7a5\uc758 \ub9ce\uc740 \ud65c\ub3d9\uc774 \uaddc\uc81c\ub97c \ubc1b\uc9c0 \uc54a\uc544 \uc704\ud5d8\uc744 \ucd94\uc801\ud558\uae30 \uc5b4\ub824\uc6b0\uba70, \uc77c\ubd80 \uc2e0\ud765\uad6d\uc5d0\uc11c\ub294 \uc554\ud638\uc790\uc0b0\uc774 \ub2ec\ub7ec\ud654 \ub300\uccb4\uc218\ub2e8\uc73c\ub85c \uc0ac\uc6a9\ub418\uc5b4 \ud1b5\ud654\uc815\ucc45\uc5d0 \uc81c\uc57d\uc744 \uc904 \uc218 \uc788\ub2e4\u201d\uace0 \uacbd\uace0\ud588\uc2b5\ub2c8\ub2e4. \ub098\uc544\uac00 IMF\ub294 \uba87\uba87 \uad6d\uac00\uc5d0\uc11c\ub294 \uc554\ud638\ud654\ud3d0 \uad00\ub828 \uae08\uc735\uc548\uc815 \ub9ac\uc2a4\ud06c\uac00 \uba38\uc9c0\uc54a\uc544 \uc2dc\uc2a4\ud15c\uc801\uc73c\ub85c \uc911\uc694\ud574\uc9c8 \uc218 \uc788\ub2e4\uace0 \uc6b0\ub824\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uacbd\uace0\ub294 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc774 \uc804\ud1b5 \uae08\uc735\ubd80\ubb38\uacfc \uc5f0\uacb0\uace0\ub9ac\uac00 \ucee4\uc9c8\uc218\ub85d \ud604\uc2e4\ud654\ub420 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ubc18\uba74 \uae30\ud68c\uc694\uc778\uc73c\ub85c\uc11c \uc554\ud638\ud654\ud3d0 \ubc0f \uae30\ubc18\uae30\uc220\uc778 \ube14\ub85d\uccb4\uc778\uc774 \uac00\uc9c0\ub294 \ud601\uc2e0\uc131\uc744 \ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ube14\ub85d\uccb4\uc778 \uae30\uc220\uc740 \ud0c8\uc911\uc559\ud654 \uae08\uc735(DeFi), \uc2a4\ub9c8\ud2b8 \uacc4\uc57d, \ud1a0\ud070\ud654 \uc99d\uad8c \ub4f1 \uae08\uc735\uc758 \ud615\ud0dc\ub97c \ub2e4\uc591\ud654\ud558\uace0 \ud6a8\uc728\uc131\uc744 \ub192\uc77c \uc7a0\uc7ac\ub825\uc744 \uc9c0\ub2c8\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc554\ud638\ud654\ud3d0\uac00 \ub2e8\uc21c\ud55c \ud22c\uae30\uc790\uc0b0\uc744 \ub118\uc5b4 \ub514\uc9c0\ud138 \uacbd\uc81c\uc758 \ud575\uc2ec \uc778\ud504\ub77c\ub85c \ud65c\uc6a9\ub420 \uacbd\uc6b0, \uad00\ub828 \uc790\uc0b0\uc758 \uac00\uce58\uac00 \uc7ac\ud3c9\uac00\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc774\ub354\ub9ac\uc6c0 \ud50c\ub7ab\ud3fc\uc744 \uae30\ubc18\uc73c\ub85c \ud55c DeFi\ub098 NFT(\ub300\uccb4\ubd88\uac00\ub2a5\ud1a0\ud070) \uc2dc\uc7a5\uc758 \uc131\uc7a5 \uac00\ub2a5\uc131, \uc911\uc559\uc740\ud589\ub4e4\uc774 \ub3c4\uc785\uc744 \uac80\ud1a0 \uc911\uc778 CBDC(\ub514\uc9c0\ud138\ubc95\uc815\ud654\ud3d0)\uc640 \uc554\ud638\ud654\ud3d0\uc758 \uacf5\uc874 \ub4f1\uc740 \ud5a5\ud6c4 \uc774 \uc601\uc5ed\uc758 \uc81c\ub3c4\uad8c \ud3b8\uc785\uacfc \ubc1c\uc804\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4. \uc77c\ubd80 \uad6d\uac00\uc5d0\uc11c\ub294 \uc554\ud638\ud654\ud3d0\ub97c \ubc95\uc815\ud1b5\ud654\ub85c \ucc44\ud0dd(\uc5d8\uc0b4\ubc14\ub3c4\ub974)\ud558\uac70\ub098, \uc554\ud638\uc0b0\uc5c5\uc744 \uc801\uadf9 \uc721\uc131\ud558\ub824\ub294 \uc6c0\uc9c1\uc784\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790 \uce21\uba74\uc5d0\uc11c\ub294 \uc554\ud638\ud654\ud3d0\uac00 \u201c\ub514\uc9c0\ud138 \uae08\u201d\uc73c\ub85c \ubd88\ub9ac\uba70 \uc81c\ud55c\ub41c \uacf5\uae09\ub7c9\uacfc \ud0c8\uc815\ubd80 \ud2b9\uc131\uc73c\ub85c \uc778\ud50c\ub808\uc774\uc158 \ud5e4\uc9c0 \ub610\ub294 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubd84\uc0b0\uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4\ub294 \uacac\ud574\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ubc00\ub808\ub2c8\uc5bc \uc138\ub300 \ub4f1 \uc80a\uc740 \ud22c\uc790\uc790\uce35\uc5d0\uac90 \uce5c\uc219\ud55c \uc790\uc0b0\uc774\uc5b4\uc11c, \uc138\ub300\uad50\uccb4\uc640 \ud568\uaed8 \ud22c\uc790 \uc218\uc694\uac00 \ub2e4\uc2dc \uc99d\uac00\ud560 \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uacb0\uad6d \uc554\ud638\ud654\ud3d0 \uc790\uc0b0\uad70\uc740 \ud5a5\ud6c4 \uc218\ub144\uac04 \uaddc\uc81c\uc758 \uc815\ub9bd \uc5ec\ubd80, \uae30\uc220 \ud601\uc2e0\uc758 \uc2e4\uc6a9\ud654, \uadf8\ub9ac\uace0 \ud22c\uc790\uc790 \uc2e0\ub8b0 \ud68c\ubcf5\uc5d0 \ub530\ub77c \uadf8 \uc6b4\uba85\uc774 \uc88c\uc6b0\ub420 \uac83\uc785\ub2c8\ub2e4. \uace0\uc704\ud5d8\u00b7\uace0\ubcc0\ub3d9\uc131\uc774\ub77c\ub294 \ud2b9\uc131\uc740 \ub2f9\ubd84\uac04 \uc720\uc9c0\ub418\uaca0\uc9c0\ub9cc, \uc81c\ub3c4\uad8c \uc9c4\uc785\uc5d0 \uc131\uacf5\ud558\uc5ec \uae08\uc735\uc2dc\uc7a5\uc5d0 \uc548\ucc29\ud55c\ub2e4\uba74 \uc0c8\ub85c\uc6b4 \ud22c\uc790 \uae30\ud68c\ub85c\uc11c \uc5ed\ud560\uc744 \ud560 \uc218\ub3c4 \uc788\uc744 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

2025\ub144 \uc774\ud6c4 \uc804\ub9dd: \uc815\ucc45 \uac00\uc815 \uc2dc\ub098\ub9ac\uc624\ubcc4 2030\ub144 \uacbd\uc81c \ubc0f \uc790\uc0b0\uc2dc\uc7a5<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

\ud5a5\ud6c4 5\ub144\uc740 \uc9c0\ub09c 20\ub144\uacfc\ub294 \ub610 \ub2e4\ub978 \ub3c4\uc804\uacfc \uae30\ud68c\uc758 \uc2dc\uae30\uac00 \ub420 \uc804\ub9dd\uc785\ub2c8\ub2e4. \uc778\ud50c\ub808\uc774\uc158\uc758 \ud5a5\ubc29, \ud1b5\ud654\uc815\ucc45 \uae30\uc870, \uc9c0\uc815\ud559\uc801 \ud658\uacbd \ub4f1\uc774 \ubcf5\ud569\uc801\uc73c\ub85c \uc791\uc6a9\ud558\uc5ec \uc138\uacc4\uacbd\uc81c\uc640 \uc790\uc0b0\uc2dc\uc7a5 \uc804\ub9dd\uc5d0 \ubd88\ud655\uc2e4\uc131\uc774 \ub192\uc740 \uc0c1\ud669\uc785\ub2c8\ub2e4. \uc774\uc5d0 \ubcf8 \ubcf4\uace0\uc11c\ub294 2025\ub144 \uc774\ud6c4\ub97c \uae30\uc900 \uc2dc\ub098\ub9ac\uc624, \ub099\uad00 \uc2dc\ub098\ub9ac\uc624, \ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc758 \uc138 \uac00\uc9c0\ub85c \uad6c\ubd84\ud558\uc5ec 2030\ub144\uae4c\uc9c0\uc758 \uacbd\uc81c\uc804\ub9dd\uacfc \uc790\uc0b0\uc2dc\uc7a5 \ubc29\ud5a5\uc744 \ubd84\uc11d\ud569\ub2c8\ub2e4. \uc774 \uc2dc\ub098\ub9ac\uc624\ub4e4\uc740 \uac01\uac01 \uc0c1\uc774\ud55c \uc815\ucc45 \uac00\uc815\uacfc \uae00\ub85c\ubc8c \ud658\uacbd\uc744 \uc804\uc81c\ub85c \ud558\uba70, \ud22c\uc790 \ubc0f \uc815\ucc45 \uc218\ub9bd\uc5d0 \uc788\uc5b4 \uc7a0\uc7ac \uacbd\ub85c\ub4e4\uc744 \ubaa8\uc0c9\ud574\ubcf4\uae30 \uc704\ud55c \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

1. \uae30\uc900 \uc2dc\ub098\ub9ac\uc624 (Base case scenario: \u201c\uc548\uc815\uc801 \uc870\uc815 \uad6d\uba74\u201d)<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc815\ucc45 \ubc0f \uac70\uc2dc\ud658\uacbd \uac00\uc815: <\/strong><\/p>\n\n\n\n

\uae30\uc900 \uc2dc\ub098\ub9ac\uc624\ub294 \ud604\uc7ac\uc758 \uc815\ucc45\uae30\uc870\uac00 \ud070 \ubb34\ub9ac \uc5c6\uc774 \uc774\uc5b4\uc9c0\uace0, \uae09\uaca9\ud55c \ucd94\uac00 \ucda9\uaca9 \uc5c6\uc774 \uc644\ub9cc\ud55c \uc548\uc815\ud654 \uacbd\ub85c\ub97c \ubc1f\ub294 \uc0c1\ud669\uc744 \uc804\uc81c\ud569\ub2c8\ub2e4. \uc989 \uae00\ub85c\ubc8c \uc778\ud50c\ub808\uc774\uc158\uc740 2023~~2024\ub144 \uc911 \uc810\ucc28 \uc911\uc559\uc740\ud589 \ubaa9\ud45c\uce58 \uadfc\ubc29\uc73c\ub85c \ub0ae\uc544\uc838 2025\ub144 \uc774\ud6c4 \uc120\uc9c4\uad6d 2% \ub0b4\uc678, \uc2e0\ud765\uad6d 4~5% \uc218\uc900\uc73c\ub85c \uc548\ucc29\ud569\ub2c8\ub2e4. \ubbf8\uad6d \uc5f0\uc900\uacfc \ud55c\uad6d\uc740\ud589 \ub4f1\uc740 2024\ub144 \ub9d0~~2025\ub144 \ucd08\ub97c \uae30\uc810\uc73c\ub85c \uae08\ub9ac\uc778\uc0c1 \uc0ac\uc774\ud074\uc744 \uc885\ub8cc\ud558\uace0, \uc774\ud6c4 \ubb3c\uac00 \uc548\uc815\uc744 \ud655\uc778\ud558\uba74\uc11c 2025~~2026\ub144\uc5d0\ub294 \uc644\ub9cc\ud55c \uae08\ub9ac\uc778\ud558\ub85c \uc804\ud658\ud558\uc5ec \uc815\ucc45\uae08\ub9ac\uac00 \uc911\ub9bd\uae08\ub9ac \uc218\uc900(\ubbf8\uad6d 2~~3%, \ud55c\uad6d 2%\ub300 \uc911\ubc18 \ucd94\uc815)\uc73c\ub85c \ubcf5\uadc0\ud569\ub2c8\ub2e4. \uc7ac\uc815\uc815\ucc45\uc740 \ud32c\ub370\ubbf9 \uc2dc\uae30\uc758 \ucd08\uc644\ud654\uc5d0\uc11c \uc810\ucc28 \uc815\uc0c1\ud654 \uae30\uc870\ub85c \uc804\ud658\ub418\uc5b4, \ubbf8\uad6d \ub4f1\uc740 GDP \ub300\ube44 \uc7ac\uc815\uc801\uc790 \uaddc\ubaa8\ub97c \uc11c\uc11c\ud788 \ucd95\uc18c\ud558\uace0 \uad6d\uac00\ubd80\ucc44 \uc99d\uac00\uc728\uc744 \uc5b5\uc81c\ud569\ub2c8\ub2e4. \ubbf8\u00b7\uc911 \uac08\ub4f1\uacfc \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc740 \uc644\uc804\ud788 \ud574\uc18c\ub418\uc9c4 \uc54a\uc9c0\ub9cc \ub354 \uc545\ud654\ub418\uc9c0 \uc54a\uace0 \ud604\uc0c1 \uc720\uc9c0 \uc218\uc900\uc5d0\uc11c \uad00\ub9ac\ub429\ub2c8\ub2e4. \uc911\uad6d \uacbd\uc81c\ub294 \ubd80\ub3d9\uc0b0\ubd80\ubb38 \uad6c\uc870\uc870\uc815\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc815\ubd80 \ubd80\uc591\ucc45\uc5d0 \ud798\uc785\uc5b4 \uc5f0 4~~5%\uc758 \uc548\uc815\uc801 \uc131\uc7a5\ub960\uc744 \uc720\uc9c0\ud558\uba70, \uc720\ub7fd \uc5ed\uc2dc \uc5d0\ub108\uc9c0 \ucda9\uaca9\uc744 \uadf9\ubcf5\ud558\uace0 1~~2%\ub300 \uc7a0\uc7ac\uc131\uc7a5\ub960 \uc218\uc900\uc758 \uc131\uc7a5\uc138\ub97c \uc9c0\uc18d\ud569\ub2c8\ub2e4. \uc694\ucee8\ub300 \uae00\ub85c\ubc8c \uacbd\uc81c\uac00 2020\ub144\ub300 \ud6c4\ubc18\uc5d0\ub294 \ud32c\ub370\ubbf9 \uc774\uc804\uacfc \uc720\uc0ac\ud55c \uc548\uc815\uc801 \uc131\uc7a5\uada4\ub3c4\ub85c \ubcf5\uadc0\ud558\ub294 \uac83\uc774 \ubcf8 \uc2dc\ub098\ub9ac\uc624\uc758 \ud575\uc2ec \uac00\uc815\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uac70\uc2dc \uc804\ub9dd: <\/strong><\/p>\n\n\n\n

\uc704 \uac00\uc815 \ud558\uc5d0\uc11c \uc138\uacc4 \uacbd\uc81c\uc131\uc7a5\ub960\uc740 2025\ub144 2%\ub300 \ud6c4\ubc18\uc744 \uc800\uc810\uc73c\ub85c \ud55c\uce35 \ud68c\ubcf5\ub418\uc5b4 2026~2030\ub144\uc5d0\ub294 \uc5f0\ud3c9\uade0 3% \ub0b4\uc678\uc758 \uc644\ub9cc\ud55c \uc131\uc7a5\uc138\ub97c \ubcf4\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \uc774\ub294 \uc778\uad6c \uace0\ub839\ud654\uc640 \uc0dd\uc0b0\uc131 \ub454\ud654\ub85c \uc774\uc804 \uc218\uc2ed\ub144\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc900\uc774\uc9c0\ub9cc, \uce68\uccb4 \uc5c6\uc774 \uc644\ub9cc\ud55c \ud655\uc7a5\uad6d\uba74\uc774 \uc9c0\uc18d\ub41c\ub2e4\ub294 \uc810\uc5d0\uc11c \uae0d\uc815\uc801\uc73c\ub85c \ud3c9\uac00\ub429\ub2c8\ub2e4. \ubbf8\uad6d\uc740 \uae30\uc220\ud22c\uc790 \ud655\ub300\uc640 \ub178\ub3d9\uc2dc\uc7a5 \ud68c\ubcf5\uc73c\ub85c \uc7a0\uc7ac\uc131\uc7a5\ub960(\uc57d 2%) \uc218\uc900\uc758 \uc131\uc7a5\ub960\uc744 \uc774\uc5b4\uac00\uace0, \ud55c\uad6d\uc740 \uc778\uad6c\uad6c\uc870 \uc545\ud654\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc2e0\uc131\uc7a5\uc0b0\uc5c5 \uc721\uc131 \ubc0f \uad6c\uc870\uac1c\ud601 \ub178\ub825\uc5d0 \ud798\uc785\uc5b4 \uc5f0 2%\ub300 \ucd08\uc911\ubc18\uc758 \uc131\uc7a5\uc138\ub97c \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4. \ubb3c\uac00\ub294 \uc5d0\ub108\uc9c0 \ubc0f \uacf5\uae09\ub9dd \uc5ec\uac74 \uac1c\uc120\uc73c\ub85c \uc120\uc9c4\uad6d \uae30\uc900 2% \uc218\uc900\uc73c\ub85c \uc548\uc815\ub418\uace0, \uc2e4\uc5c5\ub960\ub3c4 \uacbd\uae30\ud68c\ubcf5\uacfc \ud568\uaed8 \uc644\ub9cc\ud788 \ud558\ud5a5 \uc548\uc815\ud654\ub420 \uc804\ub9dd\uc785\ub2c8\ub2e4. \ub2e4\ub9cc \ubd80\ucc44 \uc218\uc900\uc774 \ub192\uc544\uc9c4 \uc0c1\ud0dc\uc5d0\uc11c \uae08\ub9ac\uac00 \uc911\ub9bd\uc218\uc900\uc73c\ub85c\ub9cc \ub0b4\ub824\uc624\ubbc0\ub85c, \ubbfc\uac04\u00b7\uc815\ubd80 \ubaa8\ub450 \ubd80\ucc44\ube44\uc728 \uad00\ub9ac\uc5d0 \uc911\uc810\uc744 \ub450\uc5b4 \uc7ac\uc815\uae34\ucd95\uacfc \ubbfc\uac04\uc758 \ub514\ub808\ubc84\ub9ac\uc9d5\uc774 \uc131\uc7a5\uc5d0 \uc0c1\ubc29\uc81c\uc57d\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc804\ubc18\uc801\uc73c\ub85c \u201c\uc800\uc131\uc7a5-\uc548\uc815 \ubb3c\uac00\u201d\uc758 \ub274\ub178\uba40 \ud658\uacbd \uc18d\uc5d0, 2030\ub144\uae4c\uc9c0 \uc138\uacc4\uacbd\uc81c\ub294 \ud070 \ubd95\uad34\ub098 \ubc84\ube14 \uc5c6\uc774 \uc810\uc9c4\uc801 \uc870\uc815 \uacfc\uc815\uc744 \uac70\uce60 \uac83\uc73c\ub85c \ubcf4\ub294 \uc2dc\ub098\ub9ac\uc624\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc790\uc0b0\uc2dc\uc7a5 \uc804\ub9dd: <\/strong><\/p>\n\n\n\n

\uae30\uc900 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uc804\ubc18\uc801\uc778 \uac70\uc2dc\uc548\uc815 \uc18d\uc5d0 \uc790\uc0b0\uc2dc\uc7a5\ub3c4 \ube44\uad50\uc801 \uc548\uc815\uc801\uc778 \ud750\ub984\uc744 \uc608\uc0c1\ud569\ub2c8\ub2e4. \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uace0\uae08\ub9ac\ub85c \uc778\ud55c \ubc38\ub958\uc5d0\uc774\uc158 \uc870\uc815\uc774 2023~~2024\ub144\uc5d0 \ub9c8\ubb34\ub9ac\ub418\uace0, 2025\ub144 \uc774\ud6c4 \uae30\uc5c5\uc774\uc775 \uc131\uc7a5\ub960\ub9cc\ud07c\uc758 \uc810\uc9c4\uc801 \uc8fc\uac00 \uc0c1\uc2b9\uc774 \uc774\ub8e8\uc5b4\uc9c0\ub294 \u201c\uc774\uc775 \uc8fc\ub3c4\ud615 \uc644\ub9cc\ud55c \uac15\uc138\uc7a5\u201d\uc744 \uc804\ub9dd\ud569\ub2c8\ub2e4. \uc8fc\uc694\uad6d \uc911\uc559\uc740\ud589\ub4e4\uc774 \uae09\uaca9\ud55c \uae34\ucd95\uc5d0\uc11c \uc911\ub9bd\uae30\uc870\ub85c \uc644\ud654\ud568\uc5d0 \ub530\ub77c \uae08\uc735\uc5ec\uac74\uc774 \uac1c\uc120\ub418\uace0, \uc774\ub294 \uc8fc\uac00\uc5d0 \uc6b0\ud638\uc801\uc73c\ub85c \uc791\uc6a9\ud560 \uac83\uc785\ub2c8\ub2e4. \ub2e4\ub9cc \ud32c\ub370\ubbf9 \uc2dc\uae30\uc758 \uacfc\ub3c4\ud55c \ubc38\ub958\uc5d0\uc774\uc158\uc73c\ub85c \ubcf5\uadc0\ud558\uc9c0\ub294 \uc54a\uace0 \uc5ed\uc0ac\uc801 \ud3c9\uade0\uc5d0 \ubd80\ud569\ud558\ub294 \uc8fc\uac00\uc218\uc775\ube44\uc728 \ubc94\uc704\uc5d0\uc11c \uc6c0\uc9c1\uc77c \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4. \ucc44\uad8c\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc778\ud50c\ub808\uc774\uc158 \uc548\uc815\uc73c\ub85c \uc7a5\uae30\uae08\ub9ac\uac00 \uc644\ub9cc\ud788 \ud558\ub77d\ud558\uc5ec, 2020\ub144\ub300 \ud6c4\ubc18 \ubbf8 10\ub144\ubb3c \uad6d\ucc44\uae08\ub9ac\uac00 3%\ub300 \uc911\ubc18\uc73c\ub85c \ub0b4\ub824\uc624\uace0 \uac01\uad6d \uad6d\ucc44\uae08\ub9ac\ub3c4 \uc774\uc5d0 \uc5f0\ub3d9\ub420 \uc804\ub9dd\uc785\ub2c8\ub2e4. \uc774\ub294 \ucc44\uad8c\uac00\uaca9\uc5d0 \uae0d\uc815\uc801\uc774\uc5b4\uc11c, 2022\ub144 \ud3ed\ub77d\uc7a5\uc744 \uacaa\uc5c8\ub358 \uae00\ub85c\ubc8c \ucc44\uad8c\uc774 \uc548\uc815\uc801 \ud22c\uc790\ucc98\ub85c\uc11c \ub9e4\ub825\uc744 \ud68c\ubcf5\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubd80\ub3d9\uc0b0\uc2dc\uc7a5\uc740 \uae08\ub9ac\uc0c1\uc2b9\uae30\uc5d0\ub294 \uc870\uc815\ubc1b\uc558\uc73c\ub098 \uae30\uc900 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \uae08\ub9ac\uac00 \uc911\ub9bd \uc218\uc900\uc73c\ub85c \uc548\uc815\ub428\uc5d0 \ub530\ub77c 2025~~2030\ub144 \uc0ac\uc774 \uc644\ub9cc\ud55c \ud68c\ubcf5\uc138\ub97c \ubcf4\uc77c \uc804\ub9dd\uc785\ub2c8\ub2e4. \ubbf8\uad6d\uacfc \ud55c\uad6d\uc758 \uc8fc\ud0dd\uac00\uaca9\uc740 2022~~23\ub144\uc758 \ud558\ub77d\ubd84\uc744 \uc11c\uc11c\ud788 \ub9cc\ud68c\ud558\uba74\uc11c \uc5f0\uac04 1~~3% \ub0b4\uc678\uc758 \uc548\uc815\uc801 \uc0c1\uc2b9\ub960\uc744 \ubcf4\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \ud2b9\ud788 \uc2e4\uc218\uc694\uac00 \ud0c4\ud0c4\ud55c \uc11c\uc6b8, \ub274\uc695 \ub4f1\uc758 \ub3c4\uc2ec \uc8fc\ud0dd\uc740 \uacac\uc870\ud55c \ud68c\ubcf5\uc138\ub97c \ub098\ud0c0\ub0bc \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4. \ub2e4\ub9cc \uc0c1\uc5c5\uc6a9 \ubd80\ub3d9\uc0b0 \uc911 \uc624\ud53c\uc2a4 \ubd80\ubb38 \ub4f1\uc740 \uad6c\uc870\uc801 \uc218\uc694\uac10\uc18c\ub85c \ubd80\uc9c4\uc774 \uc9c0\uc18d\ub420 \uc218 \uc788\uc5b4 \ucc28\ubcc4\ud654\uac00 \uc608\uc0c1\ub429\ub2c8\ub2e4. \uae08 \uac00\uaca9\uc740 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc7a1\ud788\uace0 \uc2e4\uc9c8\uae08\ub9ac\uac00 \ud50c\ub7ec\uc2a4\ub85c \uc720\uc9c0\ub418\ub294 \ud658\uacbd\uc5d0\uc11c 2020\ub144\ub300 \ucd08\ubc18\uc758 \uae09\ub4f1\uc138\ub294 \uc8fc\ucda4\ud560 \uc804\ub9dd\uc785\ub2c8\ub2e4. \uc628\uc2a4\ub2f9 2,000\ub2ec\ub7ec \uc548\ud30e\uc758 \ubc15\uc2a4\uad8c\uc5d0\uc11c \ud070 \ud3ed\uc758 \uc0c1\uc2b9\uc774\ub098 \ud558\ub77d \uc5c6\uc774 \ud6a1\ubcf4\ud558\uba70, \ud22c\uc790\uc790\ub4e4\ub3c4 \uae08 \ube44\uc911\uc744 \ub2e4\uc18c \uc904\uc774\uace0 \uc8fc\uc2dd\u00b7\ucc44\uad8c \ub4f1\uc73c\ub85c \ub9ac\ubc38\ub7f0\uc2f1\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc554\ud638\ud654\ud3d0\uc2dc\uc7a5\uc740 \uae30\uc900 \uc2dc\ub098\ub9ac\uc624 \ud558\uc5d0\uc11c \uc800\ubcc0\uc740 \ud655\ub300\ub418\ub098 \ud22c\uae30\uc801 \uad11\ud48d\uc740 \uc7ac\ud604\ub418\uc9c0 \uc54a\ub294 \uc815\ub3c4\ub85c \uac00\uc815\ub429\ub2c8\ub2e4. \uac01\uad6d \uaddc\uc81c\uac00 \uc11c\uc11c\ud788 \uc815\ube44\ub418\uc5b4 \uc2dc\uc7a5 \ud22c\uba85\uc131\uc774 \uac1c\uc120\ub418\uace0, \ube44\ud2b8\ucf54\uc778 ETF \uc2b9\uc778 \ub4f1 \uc81c\ub3c4\uad8c \ud3b8\uc785\uc774 \uc77c\ubd80 \uc9c4\ud589\ub418\uc5b4 \uc2dc\uc7a5 \uc2e0\ub8b0\uac00 \uc11c\uc11c\ud788 \ud68c\ubcf5\ub429\ub2c8\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc2dc\uac00\ucd1d\uc561 1\uc704\uc778 \ube44\ud2b8\ucf54\uc778\uc740 2025\ub144 \uc774\ud6c4 \ud22c\uc790\uc790 \uc800\ubcc0\uc774 \ud655\ub300\ub418\uba70 2021\ub144 \uc804\uace0\uc810 \uc218\uc900\uc5d0 \uadfc\uc811\ud558\uac70\ub098 \uc18c\ud3ed \uc0c1\ud68c\ud560 \uc218 \uc788\uc9c0\ub9cc, 2020~21\ub144\uacfc \uac19\uc740 \ud3ed\ubc1c\uc801 \uc0c1\uc2b9\uc7a5\uc740 \uc81c\ud55c\ub420 \uac83\uc785\ub2c8\ub2e4. \uc54c\ud2b8\ucf54\uc778 \uc911\uc5d0\uc11c\ub294 \uc2e4\uc6a9\uc131\uc774 \uc785\uc99d\ub41c \uc18c\uc218\ub9cc \uc0dd\uc874\ud558\uc5ec \uc2dc\uc7a5\uc744 \uc774\ub04c\uace0, \ub2e4\uc218\uc758 \uc720\uba85\ubb34\uc2e4 \ucf54\uc778\ub4e4\uc740 \uc815\ub9ac\ub418\uc5b4 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc758 \uc131\uc219\ud654 \uacfc\uc815\uc774 \uc9c4\ud589\ub420 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc815\ucc45 \uc2dc\uc0ac\uc810: <\/strong><\/p>\n\n\n\n

\uae30\uc900 \uc2dc\ub098\ub9ac\uc624\uac00 \uc2e4\ud604\ub41c\ub2e4\uba74 \uc815\ucc45\ub2f9\uad6d\uc73c\ub85c\uc11c\ub294 \ube44\uad50\uc801 \uc548\uc815\uc801 \ud658\uacbd\uc5d0\uc11c \uad6c\uc870\uac1c\ud601\uc744 \ucd94\uc9c4\ud560 \uc5ec\ub825\uc774 \uc0dd\uae38 \uac83\uc785\ub2c8\ub2e4. \uc911\uc559\uc740\ud589\ub4e4\uc740 \uae08\ub9ac\uc815\uc0c1\ud654 \ud6c4 \uc911\ub9bd \uc218\uc900\uc744 \uc720\uc9c0\ud558\uba70 \ubb3c\uac00\uc548\uc815\uc5d0 \uc8fc\ub825\ud558\uace0, \uac70\uc2dc\uac74\uc804\uc131 \uc815\ucc45\uc73c\ub85c \ub204\uc801\ub41c \ubd80\ucc44 \ub9ac\uc2a4\ud06c\ub97c \uad00\ub9ac\ud574\uc57c \ud569\ub2c8\ub2e4. \uc7ac\uc815\ub2f9\uad6d\uc740 \ud32c\ub370\ubbf9 \uc2dc\uae30 \ud655\ub300\ub41c \uc9c0\ucd9c\uc744 \uad6c\uc870\uc870\uc815\ud558\uc5ec \uc7ac\uc815\uac74\uc804\ud654\ub97c \ub3c4\ubaa8\ud558\ub294 \ud55c\ud3b8, \uc131\uc7a5\uc7a0\uc7ac\ub825 \uc81c\uace0\ub97c \uc704\ud55c \ud575\uc2ec \ubd84\uc57c(\uad50\uc721, \uae30\uc220\uac1c\ubc1c, \uc778\ud504\ub77c \ub4f1)\uc5d0 \uc120\ud0dd\uacfc \uc9d1\uc911\uc744 \ud560 \uc218 \uc788\uc744 \uac83\uc785\ub2c8\ub2e4. \uc790\uc0b0\uc2dc\uc7a5 \uce21\uba74\uc5d0\uc11c\ub294 \ubc84\ube14 \uc6b0\ub824\uac00 \ud06c\uac8c \uc644\ud654\ub41c \ub9cc\ud07c, \uae08\uc735\uaddc\uc81c\ub294 \uc9c0\ub098\uce5c \uc5b5\uc81c\ubcf4\ub2e4\ub294 \uc2dc\uc7a5 \uae30\ub2a5 \ubcf5\uc6d0\uacfc \ud22c\uc790\ud65c\uc131\ud654\uc5d0 \ucd08\uc810\uc744 \ub458 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uae30\uc900 \uc2dc\ub098\ub9ac\uc624\ub294 \uc0c1\ub300\uc801\uc73c\ub85c \ub099\uad00\uc801\uc778 \uacbd\ub85c\uc778 \ub9cc\ud07c, \uc815\ucc45\ub2f9\uad6d\uc740 \ud639\uc2dc \ubaa8\ub97c \ucda9\uaca9(\uc608: \ubcc0\uc774 \ubc14\uc774\ub7ec\uc2a4 \uc7ac\uc720\ud589, \uc9c0\uc815\ud559 \ubd84\uc7c1)\uc5d0 \ub300\ube44\ud55c \uc704\uae30 \ub300\uc751 \uc2dc\ub098\ub9ac\uc624\ub3c4 \ud568\uaed8 \uc900\ube44\ud574\uc57c \ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

2. \ub099\uad00 \uc2dc\ub098\ub9ac\uc624 (Optimistic scenario: \u201c\uc2e0\uae30\uc220\uc5d0 \uc758\ud55c \uc2e0\ud669\uae08\uae30\u201d)<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc815\ucc45 \ubc0f \ud658\uacbd \uac00\uc815: <\/strong><\/p>\n\n\n\n

\uc774 \uc2dc\ub098\ub9ac\uc624\ub294 \uae30\uc900\ubcf4\ub2e4 \ud638\uc758\uc801\uc778 \ud658\uacbd, \uc989 \uae0d\uc815\uc801 \ucda9\uaca9\uc774 \uac00\uc138\ud558\uc5ec \uc138\uacc4\uacbd\uc81c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc740 \uc131\uc7a5\uacfc \uc548\uc815\uc131\uc744 \ub204\ub9ac\ub294 \uacbd\uc6b0\uc785\ub2c8\ub2e4. \ud575\uc2ec \uac00\uc815\uc740 \uc778\ud50c\ub808\uc774\uc158\uc774 \ube60\ub974\uac8c \uc548\uc815\ub418\uc5b4 \uc8fc\uc694 \uc911\uc559\uc740\ud589\ub4e4\uc774 2024\ub144 \uc911\ubc18\ubd80\ud130 \uae08\ub9ac\ub97c \uc778\ud558\ud558\uae30 \uc2dc\uc791\ud558\uace0, 2025\ub144\uc5d0\ub294 \uae00\ub85c\ubc8c \uc815\ucc45\uae08\ub9ac\uac00 \uc704\uae30 \uc774\uc804 \uc218\uc900(\ubbf8\uad6d 1~2%)\uae4c\uc9c0 \ub0ae\uc544\uc838 \ub2e4\uc2dc \uc800\uae08\ub9ac \ud658\uacbd\uc774 \uc870\uc131\ub418\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\ub294 \uacf5\uae09 \uce21 \uc694\uc778 \uac1c\uc120(\uc608: \uc5d0\ub108\uc9c0 \uac00\uaca9 \ud558\ub77d, \uacf5\uae09\ub9dd \ud601\uc2e0)\uacfc \uae30\uc220\uc9c4\ubcf4\ub85c \uc0dd\uc0b0\ube44\uc6a9\uc774 \uc5b5\uc81c\ub418\uace0 \ubb3c\uac00\uac00 \uc7a1\ud788\ub294 \ub355\ubd84\uc785\ub2c8\ub2e4. \ub3d9\uc2dc\uc5d0 \ucca8\ub2e8 \uae30\uc220\ud601\uc2e0\uc758 \uac00\uc18d\ud654\ub85c \uc0dd\uc0b0\uc131 \ud5a5\uc0c1\ub960\uc774 \ud06c\uac8c \uc62c\ub77c \uc138\uacc4\uacbd\uc81c\uc758 \uc7a0\uc7ac\uc131\uc7a5\ub960\uc774 \uc0c1\ud5a5 \uc870\uc815\ub429\ub2c8\ub2e4. \uac00\ub839 AI\uc640 \uc790\ub3d9\ud654 \uae30\uc220\uc758 \ud655\uc0b0\uc774 \uc0b0\uc5c5 \uc804\ubc18\uc758 \ud6a8\uc728\uc131\uc744 \ub192\uc774\uace0, \uc2e0\uc7ac\uc0dd\uc5d0\ub108\uc9c0 \uae30\uc220 \ub3cc\ud30c\ub85c \uc5d0\ub108\uc9c0 \uc804\ud658 \ube44\uc6a9\uc774 \uc608\uc0c1\ubcf4\ub2e4 \ub0ae\uc544\uc9c0\ub294 \ub4f1\uc758 \uae0d\uc815\uc801 \uacf5\uae09\ucda9\uaca9\uc774 \ubc1c\uc0dd\ud55c\ub2e4\uace0 \uac00\uc815\ud569\ub2c8\ub2e4. \ub610\ud55c \uad6d\uc81c\ud611\ub825\uc774 \ud68c\ubcf5\ub418\uc5b4 \ubbf8\u00b7\uc911 \ubb34\uc5ed\uac08\ub4f1\uc774 \uc644\ud654\ub418\uace0, \uc720\ub7fd-\ub7ec\uc2dc\uc544 \uac04 \uc9c0\uc815\ud559 \uac08\ub4f1\ub3c4 \ud734\uc804\uc774\ub098 \ud611\uc0c1\uc73c\ub85c \uae34\uc7a5\uc774 \uc904\uc5b4\ub4ed\ub2c8\ub2e4. \uac01\uad6d\uc740 \ud32c\ub370\ubbf9 \uc774\ud6c4 \ud6fc\uc190\ub418\uc5c8\ub358 \ub2e4\uc790\ubb34\uc5ed\uccb4\uc81c \ubcf5\uc6d0\uc5d0 \ud569\uc758\ud558\uace0, \uad00\uc138\uc7a5\ubcbd\uc744 \uc77c\ubd80 \ucca0\ud68c\ud558\uc5ec \uad50\uc5ed \ud658\uacbd\uc774 \uac1c\uc120\ub429\ub2c8\ub2e4. \uc7ac\uc815\uc815\ucc45 \uba74\uc5d0\uc11c\ub3c4 \uacbd\uae30\ud638\uc870\ub85c \uc138\uc785\uc774 \ub298\uc5b4\ub098\uba74\uc11c \uc7ac\uc815\uc5ec\ub825\uc774 \ud655\ubcf4\ub418\uace0, \ucd94\uac00\uc801\uc778 \ud655\uc7a5\ucc45 \uc5c6\uc774\ub3c4 \ubbfc\uac04 \ud65c\ub825\uc774 \ub192\uc544 \uc131\uc7a5\ub960\uc774 \uc0c1\uc2b9\ud569\ub2c8\ub2e4. \uc885\ud569\ud558\uba74, \uc815\ucc45 \ubc0f \uae30\uc220 \uce21\uba74\uc758 \uc21c\ud48d \uc18d\uc5d0 \uc138\uacc4\uacbd\uc81c\uac00 \u201c\uace8\ub514\ub77d\uc2a4\u201d\uc5d0 \uac00\uae4c\uc6b4 \ud638\uc870\uac74\uc744 \ub204\ub9ac\ub294 \uc0c1\ud669\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uac70\uc2dc \uc804\ub9dd: <\/strong><\/p>\n\n\n\n

\ub099\uad00 \uc2dc\ub098\ub9ac\uc624 \ud558\uc5d0\uc11c \uc138\uacc4\uacbd\uc81c \uc131\uc7a5\ub960\uc740 2025\ub144 \uc774\ud6c4 \uafb8\uc900\ud788 \uc0c1\uc2b9\ud574 2030\ub144\uacbd\uc5d0\ub294 \uc5f0 3.5~~4%\ub300\uae4c\uc9c0 \uc62c\ub77c\uac08 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 IMF \ub4f1\uc758 \ud604\ud589 \uc804\ub9dd\uce58\ub97c \uc0c1\ub2f9\ud3ed \uc0c1\ud68c\ud558\ub294 \uc218\uce58\ub85c, \uc2e0\uae30\uc220 \uc8fc\ub3c4 \uc0dd\uc0b0\uc131 \ubd90\uacfc \uad50\uc5ed \ud68c\ubcf5\uc774 \uae30\uc5ec\ud560 \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4. \ud2b9\ud788 \ubbf8\uad6d \uacbd\uc81c\ub294 AI, \ubc14\uc774\uc624, \uadf8\ub9b0\uc5d0\ub108\uc9c0 \ubd84\uc57c\uc5d0\uc11c \uae00\ub85c\ubc8c \ub9ac\ub354\uc2ed\uc744 \uc720\uc9c0\ud558\uba70 2% \uc911\ud6c4\ubc18\uc758 \uacac\uc870\ud55c \uc131\uc7a5\uc138\ub97c \uc774\uc5b4\uac08 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc77c\ubd80 \uc804\ubb38\uac00\ub294 \ubbf8\uad6d\uc774 2030\ub144\uae4c\uc9c0 \uc5f0 4%\ub300 \uc131\uc7a5\ub3c4 \uac00\ub2a5\ud558\ub2e4\ub294 \uc804\ub9dd\uc744 \ub0b4\ub193\ub294\ub370, \uc774\ub294 \ub2e4\uc18c \uc774\ub840\uc801\uc774\ub098 \ud601\uc2e0 \ud6a8\uacfc\ub97c \uac10\uc548\ud55c \ub099\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \ubc30\uc81c\ud560 \uc218 \uc5c6\uc2b5\ub2c8\ub2e4. \uc911\uad6d\ub3c4 \ubbf8\u00b7\uc911 \uae34\uc7a5 \uc644\ud654\uc640 \ub0b4\uc218\uc804\ud658 \uc131\uacf5\uc73c\ub85c \uc131\uc7a5\ub960\uc774 \ub2e4\uc2dc 5%\ub300\uc5d0 \uadfc\uc811\ud558\uace0, \uc778\ub3c4 \ub4f1 \uc2e0\ud765\uc544\uc2dc\uc544\ub294 7% \ub0b4\uc678\uc758 \ub192\uc740 \uc131\uc7a5\uc138\ub85c \uc138\uacc4 \uc131\uc7a5\uc5d4\uc9c4 \uc5ed\ud560\uc744 \ud560 \uac83\uc785\ub2c8\ub2e4. \ubb3c\uac00\ub294 \uc0dd\uc0b0\uc131 \ud5a5\uc0c1\uacfc \uae00\ub85c\ubc8c \uacbd\uc7c1 \uc2ec\ud654\ub85c \uc548\uc815\uc138\ub97c \ubcf4\uc774\uace0, \uc624\ud788\ub824 \uc77c\ubd80 \uc120\uc9c4\uad6d\uc5d0\uc11c\ub294 1~~2% \uc544\ub798\ub85c \ub5a8\uc5b4\uc9c0\ub294 \ucd08\uc800\ubb3c\uac00\uac00 \uc7ac\ud604\ub420 \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uc2e4\uc5c5\ub960\uc740 \uc8fc\uc694\uad6d \ubaa8\ub450 \uc644\uc804\uace0\uc6a9\uc5d0 \uac00\uae4c\uc6b4 \ub0ae\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uace0, \uc784\uae08 \uc0c1\uc2b9\ub3c4 \uc0dd\uc0b0\uc131 \uc0c1\uc2b9 \ud3ed \ub0b4\uc5d0\uc11c \ud761\uc218\ub418\uc5b4 \ube44\uc6a9 \uc0c1\uc2b9 \uc555\ub825 \uc5c6\uc774 \uad6c\ub9e4\ub825 \uc99d\ub300\ub85c \uc774\uc5b4\uc9c0\ub294 \uc774\uc0c1\uc801\uc778 \uc0c1\ud669\uc774 \uc804\uac1c\ub429\ub2c8\ub2e4. \uc694\ucee8\ub300 \uc138\uacc4\uacbd\uc81c\uac00 \uace0\uc131\uc7a5-\uc800\ubb3c\uac00\uc758 \ud76c\uc18c\ud55c \uc870\ud569\uc744 \uc774\ub8e8\uba70, 4\ucc28 \uc0b0\uc5c5\ud601\uba85\uc5d0 \ud798\uc785\uc5b4 \uc0c8\ub85c\uc6b4 \ud669\uae08\uae30\ub97c \uad6c\uac00\ud558\ub294 \ubaa8\uc2b5\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc790\uc0b0\uc2dc\uc7a5 \uc804\ub9dd: <\/strong><\/p>\n\n\n\n

\ub099\uad00\uc801 \uac70\uc2dc\ud658\uacbd\uc740 \uc790\uc0b0\uc2dc\uc7a5\uc5d0\ub3c4 \uad11\ubc94\uc704\ud55c \uac15\uc138\uc7a5\uc744 \uac00\uc838\uc62c \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4. \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uc800\uae08\ub9ac\uc640 \ub192\uc740 \uc774\uc775\uc131\uc7a5\uc758 \ub9cc\ub0a8\uc73c\ub85c 2020\ub144\ub300 \ud6c4\ubc18 \uc0c8\ub85c\uc6b4 \ubd88\ub9c8\ucf13(bull market)\uc5d0 \uc9c4\uc785\ud569\ub2c8\ub2e4. \uae30\uc220\ud601\uc2e0 \ubd84\uc57c \uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801\uc774 \ud3ed\ubc1c\uc801\uc73c\ub85c \uc99d\uac00\ud558\uace0, \ubbf8\ub798 \uc131\uc7a5\uc2a4\ud1a0\ub9ac\uc5d0 \ub300\ud55c \uae30\ub300\uac10\uc73c\ub85c \uc8fc\uac00\uc218\uc775\ube44\uc728\uc774 \ub192\uc740 \uc218\uc900\uc744 \uc815\ub2f9\ud654\ubc1b\uc73c\uba70 \uc99d\uc2dc \uc804\uccb4\uac00 \uc0c1\uc2b9\uc138\ub97c \ud0d1\ub2c8\ub2e4. \ud2b9\ud788 \ubbf8\uad6d \uc99d\uc2dc\ub294 \ub099\uad00 \uc2dc\ub098\ub9ac\uc624\uc758 \ucd5c\ub300 \uc218\ud61c\uc790\ub85c, \ub2e4\uc6b0\uc9c0\uc218 50,000\ud3ec\uc778\ud2b8 \ub3cc\ud30c, S&P500 \uc2dc\ucd1d 60\uc870 \ub2ec\ub7ec \ub3c4\ub2ec \ub4f1 \uc5ed\uc0ac\uc801 \uc2e0\uae30\ub85d \uacbd\uc2e0\uc774 \uac00\ub2a5\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud55c\uad6d\uc744 \ube44\ub86f\ud55c \uc2e0\ud765\uad6d \uc99d\uc2dc\ub3c4 \uae00\ub85c\ubc8c \uacbd\uae30 \ud6c8\ud48d\uacfc \uad50\uc5ed \uc99d\uac00\ub85c \uae30\uc5c5\uc774\uc775\uc774 \ub298\uace0 \uc678\uad6d\uc778 \ud22c\uc790\uc790\uae08\uc774 \uc720\uc785\ub418\uba70 \ub3d9\ubc18 \uac15\uc138\ub97c \ubcf4\uc77c \uac83\uc785\ub2c8\ub2e4. \ucc44\uad8c\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc800\uae08\ub9ac \ubcf5\uadc0\ub85c \uae30\uc874 \ucc44\uad8c\uc758 \ud3c9\uac00\uc774\uc775\uc774 \ubc1c\uc0dd\ud558\uace0, \uad6d\uac00 \uc7ac\uc815\uc5ec\uac74 \uac1c\uc120\uc73c\ub85c \uc2e0\uc6a9\ub9ac\uc2a4\ud06c\ub3c4 \ub0ae\uc544\uc838 \uc548\uc815\uc801\uc778 \uc218\uc775\uc744 \uc62c\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uc8fc\uc2dd \ub300\ube44 \uc218\uc775\ub9e4\ub825\uc774 \ub0ae\uc544 \ud22c\uc790\uc790\uc0b0\uc73c\ub85c\uc11c \ube44\uc911\uc740 \uc904\uc5b4\ub4e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubd80\ub3d9\uc0b0\uc2dc\uc7a5\uc740 \uacbd\uc81c\uc131\uc7a5\uacfc \uc778\uad6c\uc720\uc785\uc774 \ud65c\ubc1c\ud55c \uc9c0\uc5ed\uc744 \uc911\uc2ec\uc73c\ub85c \uc0c8\ub85c\uc6b4 \ud65c\ud669\uc744 \ub9de\uc744 \uc804\ub9dd\uc785\ub2c8\ub2e4. \uc800\uae08\ub9ac\ub85c \ub300\ucd9c\uc5ec\uac74\uc774 \uac1c\uc120\ub418\uace0 \uac00\uacc4\uc18c\ub4dd \uc99d\uac00\ub85c \uc8fc\ud0dd\uad6c\ub9e4\ub825\uc774 \ub192\uc544\uc838, \ubbf8\uad6d\uc758 Sunbelt \uc9c0\uc5ed\uc774\ub098 \ud55c\uad6d\uc758 \uc218\ub3c4\uad8c \ub4f1\uc5d0\uc11c\ub294 \uc5f0 5% \uc774\uc0c1 \uac00\uce58\uc0c1\uc2b9\uc774 \ub098\ud0c0\ub0a0 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc0c1\uc5c5\uc6a9 \ubd80\ub3d9\uc0b0\ub3c4 \uacbd\uc81c\ud65c\ub3d9 \ud655\ub300\uc5d0 \ub530\ub77c \uacf5\uc2e4\ub960\uc774 \ub0ae\uc544\uc9c0\uace0 \uc784\ub300\ub8cc\uac00 \uc0c1\uc2b9\ud558\uba74\uc11c \ud22c\uc790\uc218\uc775\ub960\uc774 \uac1c\uc120\ub420 \uac83\uc785\ub2c8\ub2e4. \uae08 \uac00\uaca9\uc740 \uc774 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \uc0c1\ub300\uc801\uc73c\ub85c \ub35c \ub9e4\ub825\uc801\uc778 \uc790\uc0b0\uc774 \ub429\ub2c8\ub2e4. \uc548\uc815\uc801 \uc800\ubb3c\uac00 \ud658\uacbd\uc5d0\uc11c\ub294 \uc778\ud50c\ub808\uc774\uc158 \ud5e4\uc9c0 \uc218\uc694\uac00 \ud06c\uc9c0 \uc54a\uace0, \ud22c\uc790\uc790\ub4e4\uc740 \uae08 \ub300\uc2e0 \uc131\uc7a5\uc790\uc0b0\uc73c\ub85c \ub208\uc744 \ub3cc\ub9b4 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4. \ub530\ub77c\uc11c \uae08\uac12\uc740 \uc628\uc2a4\ub2f9 1,500~~1,800\ub2ec\ub7ec \uc218\uc900\uc73c\ub85c \ud558\ub77d \uc555\ub825\uc744 \ubc1b\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc554\ud638\ud654\ud3d0\uc2dc\uc7a5\uc740 \ub099\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \ud765\ubbf8\ub85c\uc6b4 \uc591\uc0c1\uc744 \ub768 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uae30\uc220\uc5d0 \uce5c\ud654\uc801\uc778 \ud22c\uc790\uc2ec\ub9ac\uc640 \uaddc\uc81c\uc758 \uc870\ud654\ub85c\uc6b4 \uc815\ub9bd\uc73c\ub85c \uc554\ud638\ud654\ud3d0\uc640 \uc804\ud1b5\uae08\uc735\uc758 \uacbd\uacc4\uac00 \ud5c8\ubb3c\uc5b4\uc9c0\uace0, \uc8fc\uc694 \ucf54\uc778\uc774 \uc81c\ub3c4\uad8c\uc5d0\uc11c \ud3ed\ub113\uac8c \uc218\uc6a9\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 \ubbf8\uad6d\uc5d0\uc11c BTC \ud604\ubb3c ETF\ub098 \ub300\ud615 \uacb0\uc81c\ud68c\uc0ac\uc758 \uac00\uc0c1\uc790\uc0b0 \uc11c\ube44\uc2a4\uac00 \uc2b9\uc778\ub418\uace0, \ud55c\uad6d \ub4f1\ub3c4 \uac00\uc0c1\uc790\uc0b0 \uad00\ub828 \ubc95\uc81c \uc815\ube44\ub85c \ud22c\uc790\uc790 \ubcf4\ud638\ub97c \uac15\ud654\ud558\uba74\uc11c \uc2dc\uc7a5\uc744 \uc721\uc131\ud558\ub294 \ubc29\ud5a5\uc73c\ub85c \uac08 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8 \uacb0\uacfc 2025\ub144 \uc774\ud6c4 \uc554\ud638\ud654\ud3d0 \uc2dc\ucd1d\uc774 \ub2e4\uc2dc \uc0c1\uc2b9\uada4\ub3c4\uc5d0 \uc62c\ub77c 2021\ub144 \ucd5c\uace0\uce58\ub97c \ub118\uc5b4\uc11c\uace0, 2030\ub144\uacbd\uc5d0\ub294 5\uc870 \ub2ec\ub7ec \uc774\uc0c1\uc758 \uaddc\ubaa8\ub85c \uc131\uc7a5\ud560 \uac00\ub2a5\uc131\ub3c4 \ubc30\uc81c\ud560 \uc218 \uc5c6\uc2b5\ub2c8\ub2e4. \ube44\ud2b8\ucf54\uc778\uc740 \u201c\ub514\uc9c0\ud138 \uae08\u201d\uc73c\ub85c\uc11c \uae08\ub9ac\ud558\ub77d\uae30 \uc790\uc0b0\uc73c\ub85c \uac01\uad11\ubc1b\uc544 10\ub9cc \ub2ec\ub7ec\ub97c \ub118\ubcfc \uc218 \uc788\uace0, \uc774\ub354\ub9ac\uc6c0 \ub4f1 \uc2e4\uc6a9\uc131\uc774 \uc785\uc99d\ub41c \ud50c\ub7ab\ud3fc \ucf54\uc778\ub4e4\ub3c4 \uad11\ubc94\uc704\ud55c \ud65c\uc6a9\uc73c\ub85c \uac00\uce58\uc0c1\uc2b9\uc774 \uc608\uc0c1\ub429\ub2c8\ub2e4. \ub2e4\ub9cc 2020~~21\ub144\uacfc \uac19\uc740 \ud22c\uae30\uc801 \uac70\ud488\uc774 \uc7ac\ubc1c\ud558\uc9c0 \uc54a\ub3c4\ub85d \ub2f9\uad6d\uc774 \uc801\uc808\ud788 \uad00\ub9ac\ud560 \uac83\uc774\ubbc0\ub85c, \uc0c1\uc2b9\uc138\ub294 \ubcf4\ub2e4 \uac74\uc804\ud558\uace0 \uc810\uc9c4\uc801\uc77c \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc815\ucc45 \uc2dc\uc0ac\uc810: <\/strong><\/p>\n\n\n\n

\ub099\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \ud638\ud669\uae30\uc5d0 \ub098\ud0c0\ub0a0 \uc218 \uc788\ub294 \uacbd\uc81c \uacfc\uc5f4\uacfc \uae08\uc735\ubd88\uade0\ud615\uc744 \uacbd\uacc4\ud558\ub294 \uac83\uc774 \uc815\ucc45\uacfc\uc81c\uac00 \ub429\ub2c8\ub2e4. \ubb3c\uac00\uac00 \ub0ae\ub2e4\uace0 \ud558\uc5ec \uc7a5\uae30\uac04 \ucd08\uc800\uae08\ub9ac\ub97c \uc9c0\uc18d\ud558\uba74 \uc790\uc0b0\ubc84\ube14\uc774 \ud615\uc131\ub420 \uc218 \uc788\uc73c\ubbc0\ub85c, \uc911\uc559\uc740\ud589\uc740 \uc120\uc81c\uc801\uc73c\ub85c \uac70\uc2dc\uac74\uc804\uc131 \uc870\uce58\ub97c \ud65c\uc6a9\ud574 \uc2e0\uc6a9\ud33d\ucc3d\uc744 \uc5b5\uc81c\ud560 \ud544\uc694\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc7ac\uc815 \uce21\uba74\uc5d0\uc11c\ub294 \uc138\uc785 \uc99d\uac00\ubd84\uc744 \ubd80\ucc44 \uc0c1\ud658 \ub4f1\uc5d0 \ud65c\uc6a9\ud558\uc5ec \ub2e4\uc74c \uc704\uae30\uc5d0 \ub300\ube44\ud55c \uc7ac\uc815\uc644\ucda9\ub2a5\ub825\uc744 \ud655\ubcf4\ud574\uc57c \ud569\ub2c8\ub2e4. \ub610\ud55c \uc774\ubc88 \ud638\ud669\uc758 \uc6d0\ub3d9\ub825\uc778 \uae30\uc220\ud601\uc2e0\uc758 \uacfc\uc2e4\uc774 \ubd88\ud3c9\ub4f1 \uc2ec\ud654\ub85c \uc774\uc5b4\uc9c0\uc9c0 \uc54a\ub3c4\ub85d, \uc9c1\uc5c5\ud6c8\ub828\u00b7\uad50\uc721 \ud22c\uc790\ub97c \ub298\ub9ac\uace0 \uc0ac\ud68c\uc548\uc804\ub9dd\uc744 \ubcf4\uc644\ud558\uc5ec \ud3ec\uc6a9\uc801 \uc131\uc7a5\uc744 \ub3c4\ubaa8\ud574\uc57c \ud569\ub2c8\ub2e4. \uad6d\uc81c \uacf5\uc870\uac00 \ud68c\ubcf5\ub41c \ub9cc\ud07c, \uae30\ud6c4\ubcc0\ud654 \ub300\uc751\uc774\ub098 \ub514\uc9c0\ud138\uc138 \ub3c4\uc785 \ub4f1 \uae00\ub85c\ubc8c \uc5b4\uc820\ub2e4\uc5d0\uc11c\ub3c4 \ud611\ub825\uc744 \ud655\ub300\ud558\uc5ec \uc9c0\uc18d\uac00\ub2a5\ud55c \ubc1c\uc804\uc744 \ub3c4\ubaa8\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc989 \ub099\uad00 \uc2dc\ub098\ub9ac\uc624\ub294 \uc815\ucc45\uc5ec\ub825\uc774 \ucda9\ubd84\ud55c \uc2dc\uae30\uc774\ubbc0\ub85c, \uad6c\uc870\uac1c\ud601\uacfc \uc7a5\uae30\uacfc\uc81c \ud574\uacb0\uc5d0 \uc9d1\uc911\ud568\uc73c\ub85c\uc368 \ud669\uae08\uae30\uc758 \ud61c\ud0dd\uc744 \uc7a5\uae30\uac04 \uc720\uc9c0\ud560 \uc218 \uc788\ub294 \uae30\ubc18\uc744 \ub2e4\uc838\uc57c \ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

3. \ube44\uad00 \uc2dc\ub098\ub9ac\uc624 (Pessimistic scenario: \u201c\ubcf5\ud569\uc704\uae30\uc758 \uadf8\ub9bc\uc790\u201d)<\/strong><\/p>\n\n\n\n

\uc815\ucc45 \ubc0f \ud658\uacbd \uac00\uc815: \ube44\uad00 \uc2dc\ub098\ub9ac\uc624\ub294 \uac00\uc7a5 \ubd88\ub9ac\ud55c \uc0c1\ud669\ub4e4\uc744 \uc870\ud569\ud55c \ubcf5\ud569\ucda9\uaca9 \ubc1c\uc0dd\uc744 \uac00\uc815\ud569\ub2c8\ub2e4. \uba3c\uc800 \uc778\ud50c\ub808\uc774\uc158\uc774 \uad6c\uc870\uc801\uc73c\ub85c \ub192\uac8c \uc720\uc9c0\ub418\uace0, 2024~~2025\ub144 \uc77c\uc2dc \ub454\ud654\ub418\ub358 \ubb3c\uac00\uac00 2026\ub144 \uc774\ud6c4 \ub2e4\uc2dc \uc0c1\uc2b9\ud558\ub294 stagflation \uad6d\uba74\uc744 \uc804\uc81c\ud569\ub2c8\ub2e4. \uc774\ub294 \uc5d0\ub108\uc9c0 \uacf5\uae09 \uc81c\uc57d(\uae30\ud6c4\ubcc0\ud654\ub098 \uc9c0\uc815\ud559\uc801 \uc694\uc778\uc73c\ub85c \uc720\uac00 \uae09\ub4f1), \ubbf8\u00b7\uc911 \ud0c8\ub3d9\uc870\ud654\ub85c \uc778\ud55c \ube44\uc6a9 \uc0c1\uc2b9, \uc784\uae08-\ubb3c\uac00 \uc0c1\uc2b9\ub960\uac04 \uc784\ubca0\ub4dc\ub41c \uae30\ub300\uc778\ud50c\ub808\uc774\uc158 \ub4f1\uc774 \uc6d0\uc778\uc785\ub2c8\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c \uc8fc\uc694 \uc911\uc559\uc740\ud589\ub4e4\uc740 2025\ub144 \uc774\ud6c4\uc5d0\ub3c4 \ubb3c\uac00\ubaa9\ud45c\ub97c \ub2ec\uc131\ud558\uc9c0 \ubabb\ud558\uace0 \uc9c0\uc18d\uc801\uc73c\ub85c \ub192\uc740 \uae08\ub9ac\ub97c \uc720\uc9c0\ud558\uac70\ub098 \uc7ac\uc778\uc0c1\uc5d0 \ub098\uc12d\ub2c8\ub2e4. \ubbf8\uad6d \uc5f0\uc900 \uae08\ub9ac\uac00 2024\ub144 5% \ubd80\uadfc\uc5d0\uc11c \ub5a8\uc5b4\uc9c0\uc9c0 \uc54a\uace0 2026\ub144 \ub2e4\uc2dc 6~~7%\uae4c\uc9c0 \uc62c\ub77c\uac00\ub294 \uc0c1\ud669\uc744 \uc0c1\uc815\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub192\uc740 \uc774\uc790\ube44\uc6a9\uacfc \ubb3c\uac00\ub85c \uc778\ud574 \ubbfc\uac04\uc218\uc694 \uae09\ub7ad\uacfc \uc815\ubd80\ubd80\ucc44 \ubd80\ub2f4 \uac00\uc911\uc774 \ub098\ud0c0\ub098\uba74\uc11c, 2026~2027\ub144\uacbd \uae00\ub85c\ubc8c \uacbd\uae30\uce68\uccb4\uac00 \ud604\uc2e4\ud654\ub429\ub2c8\ub2e4. \ud2b9\ud788 \ubd80\ucc44 \uc218\uc900\uc774 \ub192\uc740 \uc2e0\ud765\uad6d\uc774\ub098 \ucde8\uc57d \uae30\uc5c5\ub4e4\ubd80\ud130 \ubd80\ub3c4\uc640 \uc704\uae30\uac00 \ubc1c\uc0dd\ud558\uc5ec \uc704\uae30\uc758 \ud30c\uae09\ud6a8\uacfc\uac00 \ubc88\uc9d1\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc77c\ubd80 \uc2e0\ud765\uad6d(\ub77c\ud2f4\uc544\uba54\ub9ac\uce74, \uc544\ud504\ub9ac\uce74)\uc758 \uad6d\uac00\ubd80\ucc44 \uc704\uae30, \uc774\ud0c8\ub9ac\uc544 \ub4f1 \uace0\ubd80\ucc44\uad6d\uc758 \uc7ac\uc815\uc704\uae30 \ub4f1\uc774 \uc804\uc138\uacc4 \uae08\uc735\uc2dc\uc7a5\uc5d0 \ucda9\uaca9\uc744 \uc904 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc9c0\uc815\ud559\uc801 \uc704\ud5d8\ub3c4 \uc545\ud654\ub418\uc5b4, \ubbf8\u00b7\uc911 \uac08\ub4f1\uc774 \ud0c0\ud611\uc5d0 \uc2e4\ud328\ud558\uace0 \uc0c1\ud638 \uae30\uc220\u00b7\ubb34\uc5ed \uc81c\uc7ac\uac00 \uc2ec\ud654\ub418\uba70, \ub300\ub9cc \ud574\ud611 \ub4f1\uc5d0\uc11c \uad70\uc0ac\uc801 \uae34\uc7a5\uc774 \uace0\uc870\ub418\ub294 \uc0c1\ud669\uc744 \uace0\ub824\ud569\ub2c8\ub2e4. \ub610\ud55c \uc720\ub7fd\uc5d0\uc11c\ub294 \uc6b0\ud06c\ub77c\uc774\ub098 \uc804\uc7c1\uc774 \uc7a5\uae30\ud654\ud558\uac70\ub098 \uc911\ub3d9\uc5d0\uc11c \uc0c8\ub85c\uc6b4 \ubd84\uc7c1\uc774 \ubc1c\ubc1c\ud560 \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uae30\ud6c4 \ubcc0\ud654\ub85c \uc778\ud55c \uacbd\uc81c\ucda9\uaca9\ub3c4 \uac00\uc2dc\ud654\ub418\uc5b4, 2020\ub144\ub300 \ud6c4\ubc18 \ub300\ud615 \uc790\uc5f0\uc7ac\ud574(\uc2dd\ub7c9 \uc0dd\uc0b0 \ud0c0\uaca9, \ubb3c\ub958\ub9dd \uad50\ub780)\uac00 \ubc1c\uc0dd\ud574 \uc131\uc7a5\ub960\uc744 \uac09\uc544\uba39\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ubd80\uc815\uc801 \uc694\uc778\ub4e4\uc774 \ub3d9\uc2dc\ub2e4\ubc1c\uc801\uc73c\ub85c \ud130\uc838\ub098\uc624\uba70, \uc138\uacc4\uacbd\uc81c\ub294 \u201c\uc800\uc131\uc7a5-\uace0\ubb3c\uac00-\uace0\uc704\ud5d8\u201d\uc758 \uc0bc\uc911\uace0\uc5d0 \uc9c1\uba74\ud558\ub294 \uc5b4\ub450\uc6b4 \uc2dc\ub098\ub9ac\uc624\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uac70\uc2dc \uc804\ub9dd: <\/strong><\/p>\n\n\n\n

\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uc138\uacc4\uacbd\uc81c \uc131\uc7a5\ub960\uc774 2025\ub144 \uc774\ud6c4 \uae09\uaca9\ud788 \ub0ae\uc544\uc838 2030\ub144\uae4c\uc9c0 \ud3c9\uade0 1~~2%\ub300\uc758 \uce68\uccb4\uc5d0 \uac00\uae4c\uc6b4 \uc218\uc900\uc5d0 \uba38\ubb3c \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4. 2026~~27\ub144\uacbd \uc120\uc9c4\uad6d\uacfc \uc2e0\ud765\uad6d \ubaa8\ub450 \ub3d9\ubc18 \ub9c8\uc774\ub108\uc2a4 \uc131\uc7a5\uc5d0 \ube60\uc9c0\ub294 \uae00\ub85c\ubc8c \ub9ac\uc138\uc158(global recession) \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d\uc740 \uace0\uae08\ub9ac \ucda9\uaca9\uc73c\ub85c \ub0b4\uc218\uac00 \uc704\ucd95\ub418\uace0 \ud22c\uc790\uc640 \uc18c\ube44\uac00 \ub3d9\ubc18 \uac10\uc18c\ud558\uc5ec, 2~~3\ub144\uac04 \ud3c9\uade0 0~~1%\uc758 \uc800\uc870\ud55c \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud55c\uad6d\ub3c4 \uc8fc\uc694 \uad50\uc5ed\uc0c1\ub300\uad6d \uacbd\uc0c9\uacfc \uad6d\ub0b4 \ubd80\ucc44\ub514\ud50c\ub808\uc774\uc158 \uc704\ud5d8\uc73c\ub85c 0%\ub300 \uc815\uccb4\uc5d0 \uc9c1\uba74\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc2e4\uc5c5\ub960\uc740 \uacbd\uae30\uce68\uccb4\uc640 \uae30\uc5c5\ub3c4\uc0b0 \uc99d\uac00\ub85c \uae09\ub4f1\ud558\uc5ec, \ubbf8\uad6d \uc2e4\uc5c5\ub960\uc774 3%\ub300\uc5d0\uc11c 7~~8%\uae4c\uc9c0, \ud55c\uad6d\ub3c4 4%\ub300 \ud6c4\ubc18 \uc774\uc0c1\uc73c\ub85c \uc624\ub97c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubb3c\uac00\ub294 \uc560\uc11d\ud558\uac8c\ub3c4 \uacbd\uae30\uce68\uccb4\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc644\uc804\ud788 \uc7a1\ud788\uc9c0 \uc54a\ub294 \uc545\uc131 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158 \uc591\uc0c1\uc744 \ub771\ub2c8\ub2e4. \uc720\uac00 \uae09\ub4f1 \ub4f1 \uacf5\uae09\ucda9\uaca9 \uc601\ud5a5\uc73c\ub85c \uc120\uc9c4\uad6d \ubb3c\uac00\uac00 4~~5%\uc5d0 \uba38\ubb34\ub974\uace0, \uc784\uae08\uc0c1\uc2b9\ub960\ub3c4 \ub192\uc544 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uac00 \uace0\ucc29\ub429\ub2c8\ub2e4. \uc911\uc559\uc740\ud589\ub4e4\uc740 \uc9c4\ud1f4\uc591\ub09c\uc5d0 \ube60\uc9d1\ub2c8\ub2e4. \uacbd\uae30\uce68\uccb4\ub97c \uc644\ud654\ud558\ub824 \uae08\ub9ac\ub97c \ub0b4\ub9ac\uba74 \ubb3c\uac00\uac00 \uc7a1\ud788\uc9c0 \uc54a\uace0, \ubb3c\uac00\ub97c \uc7a1\uc73c\ub824 \uae08\ub9ac\ub97c \ub192\uc774\uba74 \uacbd\uae30\uac00 \ub354 \ub098\ube60\uc9c0\ub294 \ub51c\ub808\ub9c8 \uc0c1\ud669\uc785\ub2c8\ub2e4. \ub2e4\uc218 \uad6d\uac00\uc5d0\uc11c \uc815\ubd80\ubd80\ucc44\uac00 GDP \ub300\ube44 100~130%\ub300\ub85c \uce58\uc19f\uace0, \uc2e0\ud765\uad6d \uc678\ud658\uc704\uae30\uc124\uc774 \ud30c\ub2e4\ud574\uc838 \uad6d\uc81c\uae08\uc735\uae30\uad6c(IMF \ub4f1)\uc5d0 \uad6c\uc81c\uae08\uc735\uc744 \uc694\uccad\ud558\ub294 \uc0ac\ub840\uac00 \uc18d\ucd9c\ud569\ub2c8\ub2e4. 2030\ub144 \ubb34\ub835 \uc138\uacc4\uacbd\uc81c\ub294 \uac04\uc2e0\ud788 \uce68\uccb4\uc5d0\uc11c \ubc97\uc5b4\ub098\ub354\ub77c\ub3c4 \uc131\uc7a5\uc7a0\uc7ac\ub825\uc774 \ud06c\uac8c \ud6fc\uc190\ub418\uc5b4 \uc7a5\uae30 \uc800\uc131\uc7a5 \uad6d\uba74\uc5d0 \uac07\ud788\ub294 \uc554\uc6b8\ud55c \uc804\ub9dd\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc790\uc0b0\uc2dc\uc7a5 \uc804\ub9dd: <\/strong><\/p>\n\n\n\n

\uc774\ub7ec\ud55c \uacbd\uc81c\uc0c1\ud669\uc5d0\uc11c\ub294 \ub300\ubd80\ubd84\uc758 \uc790\uc0b0\uac00\uaca9\uc774 \ud558\ubc29 \uc555\ub825\uc744 \ubc1b\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uace0\uae08\ub9ac\uc640 \uacbd\uae30\uce68\uccb4\uac00 \uacb9\uce58\uba70 \uc7a5\uae30 \uc57d\uc138\uc7a5\uc744 \uacaa\uc744 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4. \uae30\uc5c5\uc774\uc775\uc774 \uac10\uc18c\ud558\uace0 \ub514\ud3f4\ud2b8 \uc704\ud5d8\uc774 \ub192\uc544\uc9c0\uba74\uc11c \uc8fc\uac00\uc9c0\uc218\ub294 2025\ub144 \uc774\ud6c4 \uc9c0\uc18d\uc801\uc73c\ub85c \ud558\ub77d\ud558\uac70\ub098, \ubc18\ub4f1\ud558\ub354\ub77c\ub3c4 \ud558\ub77d \ucd94\uc138\ub97c \ubc97\uc5b4\ub098\uc9c0 \ubabb\ud569\ub2c8\ub2e4. \ubbf8\uad6d \uc99d\uc2dc\ub294 2022\ub144 \ud558\ub77d \uc800\uc810(\uc608: S&P500 \uc57d 3,600pt)\uc744 \ud558\ud5a5 \uc774\ud0c8\ud558\uc5ec 3,000pt\ub300\uae4c\uc9c0 \ub5a8\uc5b4\uc9c8 \uc218 \uc788\uc73c\uba70, \uc8fc\uac00\uc218\uc775\ube44\uc728(P\/E)\uc740 \uc5ed\uc0ac\uc801 \ud3c9\uade0\uc744 \ubc11\ub3cc \uc815\ub3c4\ub85c \ud22c\uc790\uc2ec\ub9ac\uac00 \ub0c9\uac01\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud55c\uad6d \uc99d\uc2dc\ub3c4 \ucf54\uc2a4\ud53c 2,000pt \ub0b4\uc678\uc758 \uc800\ud3c9\uac00 \uad6d\uba74\uc5d0 \uc624\ub798 \uba38\ubb3c\uba70 \ubc15\uc2a4\uad8c\uc744 \ud6a1\ubcf4\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ubd80\ub3d9\uc0b0\uc2dc\uc7a5\uc740 \uae08\ub9ac\uc0c1\uc2b9\uacfc \uc2e4\ubb3c\uacbd\uae30 \ubd80\uc9c4\uc758 \uc774\uc911\uace0\ub85c \uc0c1\ub2f9 \uae30\uac04 \uce68\uccb4\uac00 \ubd88\uac00\ud53c\ud569\ub2c8\ub2e4. \ubbf8\uad6d \uc8fc\ud0dd\uac00\uaca9\uc740 \uc9c0\uc5ed\uc5d0 \ub530\ub77c \ucd94\uac00 \ud558\ub77d\ud558\uc5ec \uc804\uad6d\uc801\uc73c\ub85c 2020\ub144 \uc218\uc900\uc73c\ub85c \ud68c\uadc0\ud558\uac70\ub098 \uc77c\ubd80 \uacfc\uc5f4\uc2dc\uc7a5\uc740 \uadf8 \uc774\ud558\ub85c \ub5a8\uc5b4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud55c\uad6d \ubd80\ub3d9\uc0b0\ub3c4 2022~23\ub144\uc758 \uc870\uc815\uc774 \ub05d\ub098\uc9c0 \uc54a\uace0, 2025\ub144 \uc774\ud6c4 \uc804\uad6d \uc9d1\uac12\uc774 \ucd94\uac00 10% \uc774\uc0c1 \ud558\ub77d\ud558\ub294 \ub4f1 \uc2e4\uc9c8\uac00\uaca9 \uc870\uc815\uc774 \uc2ec\ud654\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uc2e4\uc5c5\uc774 \ub298\uace0 \uc18c\ub4dd\uc774 \uac10\uc18c\ud558\uc5ec \ubd80\ub3d9\uc0b0 \uad6c\ub9e4\ub2a5\ub825\uc774 \ud06c\uac8c \uc800\ud558\ub418\ubbc0\ub85c, \uc8fc\ud0dd\uc2dc\uc7a5\uc774 \uc218\uae09 \ubd88\uade0\ud615 \uc18d \uc7a5\uae30 \uce68\uccb4 \uad6d\uba74\uc5d0 \uc811\uc5b4\ub4e4 \uc704\ud5d8\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc0c1\uc5c5\uc6a9 \ubd80\ub3d9\uc0b0 \uc5ed\uc2dc \uae30\uc5c5\ub3c4\uc0b0 \uc99d\uac00\ub85c \uacf5\uc2e4\ub960\uc774 \ub192\uc544\uc9c0\uace0, \uc624\ud53c\uc2a4\/\uc0c1\uac00 \uac00\uaca9\uc758 \uae09\ub77d\uacfc \ubd80\ub3d9\uc0b0 \ud504\ub85c\uc81d\ud2b8\ud30c\uc774\ub0b8\uc2f1(PF) \ubd80\uc2e4\ud654\uac00 \uae08\uc735\uad8c\uc73c\ub85c \uc804\uc774\ub418\ub294 \ubb38\uc81c\uac00 \ub300\ub450\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ucc44\uad8c\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc815\ubd80 \uc7ac\uc815\uc704\uae30 \uc6b0\ub824\ub85c \uc77c\ubd80 \ucde8\uc57d\uad6d \uad6d\ucc44\uae08\ub9ac\uac00 \ud3ed\ub4f1\ud558\uac70\ub098, \ud68c\uc0ac\ucc44 \ubd80\ub3c4 \uc704\ud5d8\uc774 \ud604\uc2e4\ud654\ub418\uc5b4 \ud06c\ub808\ub527 \uc2a4\ud504\ub808\ub4dc\uac00 \ud06c\uac8c \ubc8c\uc5b4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc0c1\ub300\uc801\uc73c\ub85c \ubbf8\uad6d \uad6d\ucc44 \ub4f1 \uc548\uc804\uc790\uc0b0\uc740 \uacbd\uae30\uce68\uccb4 \uad6d\uba74\uc5d0\uc11c \uc120\ud638\ub418\uc5b4 \uae08\ub9ac\uac00 \ud558\ub77d(\ucc44\uad8c\uac00\uaca9 \uc0c1\uc2b9)\ud560 \uc5ec\uc9c0\uac00 \uc788\uc2b5\ub2c8\ub2e4. \ub9cc\uc57d \uc5f0\uc900\uc774 \uacbd\uae30\ubd80\uc591\uc744 \uc704\ud574 \ub2a6\uac8c\ub77c\ub3c4 \uae08\ub9ac\uc778\ud558\uc5d0 \ub098\uc120\ub2e4\uba74, \ubbf8\uad6d \uc7a5\uae30\uad6d\ucc44\ub294 \ud22c\uc790 \ud53c\ub09c\ucc98\ub85c \uac01\uad11\ubc1b\uc744 \uac83\uc785\ub2c8\ub2e4. \uae08 \uac00\uaca9\uc740 \ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \uac00\uc7a5 \uc720\ub9dd\ud55c \uc790\uc0b0 \uc911 \ud558\ub098\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. stagflation\uacfc \uae08\uc735\ubd88\uc548\uc774 \ub3d9\uc2dc\uc5d0 \ubc1c\uc0dd\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c \ud22c\uc790\uc790\ub4e4\uc740 \uae08\uacfc \uac19\uc740 \uc2e4\ubb3c \uc548\uc804\uc790\uc0b0\uc744 \uc120\ud638\ud558\uae30 \ub54c\ubb38\uc5d0, \uae08\uac12\uc740 \uc628\uc2a4\ub2f9 2,500\ub2ec\ub7ec\ub97c \ub118\uc5b4 \uc5ed\uc0ac\uc801 \ucd5c\uace0\uce58\ub97c \uacbd\uc2e0\ud560 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ub2ec\ub7ec\ud654\uc5d0 \ub300\ud55c \uc2e0\ub8b0\uac00 \uc57d\ud574\uc9c0\uac70\ub098 \uc2e4\uc9c8\uae08\ub9ac\uac00 \ub0ae\uc544\uc9c0\ub294 \ud658\uacbd\uc774\ub77c\uba74 \uae08 \uc218\uc694\uac00 \ud3ed\uc99d\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc554\ud638\ud654\ud3d0\uc2dc\uc7a5\uc740 \uc774 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \ud070 \ud0c0\uaca9\uc744 \ubc1b\uc744 \uc804\ub9dd\uc785\ub2c8\ub2e4. \uace0\uc704\ud5d8 \ud22c\uae30\uc790\uc0b0\uc5d0 \ub300\ud55c \ud22c\uc2ec\uc774 \uac70\uc758 \uc0ac\ub77c\uc9c0\uace0, \uaddc\uc81c\ub2f9\uad6d\ub3c4 \uae08\uc735\uc548\uc815\uc744 \uc704\ud574 \uc554\ud638\uc790\uc0b0 \uaddc\uc81c\ub97c \ub300\ud3ed \uac15\ud654\ud560 \uac83\uc785\ub2c8\ub2e4. \uc8fc\uc694\uad6d \uc911\uc559\uc740\ud589\ub4e4\uc774 \uacbd\uc81c\uc704\uae30\uc5d0 \ub300\uc751\ud574 \uc790\uccb4 CBDC(\uc911\uc559\uc740\ud589 \ub514\uc9c0\ud138\ud654\ud3d0)\ub97c \ubc1c\ud589\ud558\uace0 \ubbfc\uac04 \uc554\ud638\ud654\ud3d0\ub97c \uacac\uc81c\ud560 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ube44\ud2b8\ucf54\uc778 \ub4f1 \uc77c\ubd80\ub97c \uc81c\uc678\ud55c \ub300\ubd80\ubd84\uc758 \uc554\ud638\ud654\ud3d0 \uac00\uaca9\uc740 \uce68\uccb4\ub41c \uac70\ub798 \uc18d\uc5d0 \ucd94\uac00 \ud3ed\ub77d\ud558\uac70\ub098 \uc544\uc608 \uc0ac\ub77c\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uc2dc\uc7a5\uc758 \ucd1d \uc2dc\uac00\ucd1d\uc561\uc740 \ud55c\ub54c 2\uc870 \ub2ec\ub7ec\ub97c \ub118\uc5c8\ub358 \uac83\uc774 \uc218\ucc9c\uc5b5 \ub2ec\ub7ec\ub300\ub85c \ucabc\uadf8\ub77c\ub4e4\uace0, \uc554\ud638\ud654\ud3d0\ub294 \uc8fc\ub958 \uae08\uc735\uc2dc\uc2a4\ud15c\uc5d0\uc11c \ubcc0\ubc29\uc73c\ub85c \ubc00\ub824\ub098 \ubc84\ube14 \ubd95\uad34\uc758 \uc0ac\ub840\ub85c \ub0a8\uc744 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uc815\ucc45 \uc2dc\uc0ac\uc810: <\/strong><\/p>\n\n\n\n

\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uc815\ucc45\ub2f9\uad6d\uc774 \ub3d9\uc2dc\ub2e4\ubc1c\uc801 \uc704\uae30 \ub300\uc751\uc5d0 \uc9c1\uba74\ud558\uac8c \ub429\ub2c8\ub2e4. \uc6b0\uc120 \ubb3c\uac00\uc640 \uacbd\uae30 \ub450 \ub9c8\ub9ac \ud1a0\ub07c\ub97c \uc7a1\uae30 \uc5b4\ub824\uc6b4 \uc0c1\ud669\uc5d0\uc11c, \uc815\ucc45 \uc6b0\uc120\uc21c\uc704\uc758 \uc120\ud0dd\uc774 \uc694\uad6c\ub429\ub2c8\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uae08\uc735\u00b7\uc7ac\uc815 \uc704\uae30 \ubc29\uc9c0\ub97c \ucd5c\uc6b0\uc120\uc5d0 \ub450\uace0 \uc911\uc559\uc740\ud589\uc774 \ucd5c\uc885\ub300\ubd80\uc790 \uc5ed\ud560\uc744 \ucda9\ubd84\ud788 \uc218\ud589\ud574\uc57c \ud569\ub2c8\ub2e4. \uc5f0\uc900\uc744 \ube44\ub86f\ud55c \uc8fc\uc694 \uc911\uc559\uc740\ud589\uc740 \ud544\uc694\uc2dc \ud1b5\ud654\uc2a4\uc640\ud504 \ub77c\uc778 \uac1c\uc124 \ub4f1\uc73c\ub85c \uae00\ub85c\ubc8c \ub2ec\ub7ec \uc720\ub3d9\uc131\uc744 \uacf5\uae09\ud558\uace0, \uac01\uad6d \uc815\ubd80\ub294 IMF \ubc0f \ub2e4\uc790\uae30\uad6c\ub97c \ud1b5\ud55c \uc2e0\uc18d\ud55c \uc9c0\uc6d0\uc73c\ub85c \uc5f0\uc1c4 \ub3c4\ubbf8\ub178 \ubd80\ub3c4\ub97c \ub9c9\uc544\uc57c \ud569\ub2c8\ub2e4. \ubb3c\uac00\uc548\uc815 \ubaa9\ud45c\ub294 \ub2e8\uae30\uc801\uc73c\ub85c \ub2e4\uc18c \uc720\uc5f0\ud558\uac8c \uc6b4\uc601\ud558\ub418, \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uac00 \uc644\uc804\ud788 \uace0\ucc29\ub418\uc9c0 \uc54a\ub3c4\ub85d \uc758\uc0ac\uc18c\ud1b5\uc744 \uac15\ud654\ud558\ub294 \uc804\ub7b5\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \uc7ac\uc815\uc815\ucc45\uc740 \ud55c\ud3b8\uc73c\ub85c \uacbd\uae30\uce68\uccb4 \ub300\uc751\uc744 \uc704\ud55c \ud655\ub300\uac00 \uc694\uad6c\ub418\uc9c0\ub9cc, \uc774\ubbf8 \ubd80\ucc44\uac00 \ub192\uc740 \uc0c1\ud669\uc774\ub77c \uc9c0\ucd9c\uc758 \uc5c4\uc120\uacfc \ud6a8\uc728\ud654\uac00 \ud544\uc218\uc801\uc785\ub2c8\ub2e4. \uac00\ub839 \uc5d0\ub108\uc9c0\u00b7\uc2dd\ub7c9 \ubcf4\uc870\ub098 \ucde8\uc57d\uacc4\uce35 \uc9c0\uc6d0 \ub4f1 \uaf2d \ud544\uc694\ud55c \ubd84\uc57c\uc5d0 \uc9d1\uc911\ud558\uace0, \ubd88\ud544\uc694\ud55c \uc9c0\ucd9c\uc740 \uc5b5\uc81c\ud558\uc5ec \uc2dc\uc7a5\uc5d0 \uc911\uae30 \uc7ac\uc815\uac74\uc804\uc131 \uc758\uc9c0\ub97c \ubcf4\uc5ec\uc57c \ud560 \uac83\uc785\ub2c8\ub2e4. \ub610 \ub2e4\ub978 \uc911\uc694\ud55c \uacfc\uc81c\ub294 \uad6d\uc81c \uacf5\uc870\uc785\ub2c8\ub2e4. \uc138\uacc4 \uac01\uad6d\uc774 \uac01\uc790\ub3c4\uc0dd\uc2dd \ubcf4\ud638\ubb34\uc5ed\uc73c\ub85c \uce58\ub2eb\ub294\ub2e4\uba74 \uc0c1\ud669\uc774 \ub354 \uc545\ud654\ub418\ubbc0\ub85c, G20\u00b7IMF \ub4f1\uc744 \ud1b5\ud55c \ud611\ub825\uc774 \uadf8 \uc5b4\ub290 \ub54c\ubcf4\ub2e4 \uc911\uc694\ud569\ub2c8\ub2e4. \uacf5\ub3d9 \ud1b5\ud654\uc2a4\uc640\ud504\ub098 \ubd80\ucc44\uc870\uc815(framework for debt resolution), \uc2dd\ub7c9\uc548\ubcf4 \ud611\ub825 \ub4f1\uc774 \ucd94\uc9c4\ub418\uc5b4\uc57c \ud569\ub2c8\ub2e4. \ub9c8\uc9c0\ub9c9\uc73c\ub85c, \uc774\ub7f0 \ubcf5\ud569\uc704\uae30\uc758 \ub2aa\uc5d0\uc11c \ubc97\uc5b4\ub098\ub824\uba74 \uc911\uc7a5\uae30\uc801 \uc0dd\uc0b0\uc131 \ud5a5\uc0c1\uc774 \ud544\uc694\ud558\ubbc0\ub85c, \uc815\ubd80\ub294 \uc5b4\ub824\uc6b4 \uc7ac\uc815\uc5ec\uac74 \uc18d\uc5d0\uc11c\ub3c4 \ubbf8\ub798 \ud22c\uc790(\uad50\uc721, \ud601\uc2e0\uae30\uc220, \uc778\ud504\ub77c)\ub97c \uc644\uc804\ud788 \ub193\uc544\ubc84\ub9ac\uc9c0 \ub9d0\uc544\uc57c \ud569\ub2c8\ub2e4. \uc624\ud788\ub824 \uc704\uae30\ub97c \uae30\ud68c\uc0bc\uc544 \ub178\ub3d9\u00b7\uaddc\uc81c\u00b7\uad50\uc721 \uac1c\ud601 \ub4f1\uc744 \ud1b5\ud574 \uacbd\uc81c \uccb4\uc9c8\uc744 \uac1c\uc120\ud55c\ub2e4\uba74, \uc704\uae30 \uc774\ud6c4 \ud55c \ub2e8\uacc4 \ub3c4\uc57d\uc758 \ubc1c\ud310\uc744 \ub9c8\ub828\ud560 \uc218 \uc788\uc744 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

\u3147 \uacb0\ub860 \ubc0f \uc694\uc57d<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

2005\ub144\ubd80\ud130 2025\ub144\uae4c\uc9c0\uc758 \uc138\uacc4\uacbd\uc81c \ud750\ub984\uacfc \uc790\uc0b0\uc2dc\uc7a5 \ubcc0\ud654\ub97c \ub3cc\uc774\ucf1c\ubcf4\uba74, \uc6b0\ub9ac\ub294 \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30, \ub300\uaddc\ubaa8 \ud1b5\ud654\uc644\ud654 \uc2dc\ub300, \ubbf8\u00b7\uc911 \uac08\ub4f1, \ud32c\ub370\ubbf9\uc73c\ub85c \uc778\ud55c \uc0ac\uc0c1\ucd08\uc720\uc758 \uacbd\uae30\ubcc0\ub3d9\uc744 \uacbd\ud5d8\ud588\uc2b5\ub2c8\ub2e4. \uc774 \uae30\uac04 \uc8fc\uc694 \uacbd\uc81c\uc9c0\ud45c\ub4e4\uc740 \uadf9\uc2ec\ud55c \ubcc0\ub3d9\uc744 \uacaa\uc5c8\ub294\ub370, \uc138\uacc4 GDP \uc131\uc7a5\ub960\uc740 2009\ub144 -0.1% (IMF \uae30\uc900)\ub85c \ucd94\ub77d\ud588\ub2e4\uac00 2010\ub144 +5.4% \ubc18\ub4f1\ud558\ub294 V\uc790 \ud328\ud134\uc744 \ubcf4\uc600\uace0, 2020\ub144\uc5d0\ub294 \ub2e4\uc2dc -3.1%\ub85c \uae09\ub77d \ud6c4 2021\ub144 +6.0% \uae09\ubc18\ub4f1\ud558\ub294 \ub4f1 \uc774\ub840\uc801 \ub4f1\ub77d\uc744 \ubc18\ubcf5\ud588\uc2b5\ub2c8\ub2e4. \ud1b5\ud654\ub7c9(M2)\uc740 \uc120\uc9c4\uad6d \uc911\uc2ec\uc758 \uc591\uc801\uc644\ud654\ub85c \ud3ed\ubc1c\uc801\uc73c\ub85c \uc99d\uac00\ud558\uc5ec, \ubbf8\uad6d M2\uc758 \uacbd\uc6b0 2005\ub144 6\uc870 \ub2ec\ub7ec\uc5d0\uc11c 2020\ub144 15\uc870 \ub2ec\ub7ec, 2025\ub144\uc5d0\ub294 22\uc870 \ub2ec\ub7ec\ub97c \ub118\uacbc\uc2b5\ub2c8\ub2e4. \uc774\uc5d0 \ub530\ub77c 2010\ub144\ub300 \ub0b4\ub0b4 \ucd08\uc800\uae08\ub9ac\uac00 \uc9c0\uc18d\ub418\uace0 \uc720\ub3d9\uc131\uc774 \ub118\uccd0 \uc790\uc0b0\uac00\uaca9\uc774 \uc0c1\uc2b9 \uc555\ub825\uc744 \ubc1b\uc558\uc9c0\ub9cc, \ub3d9\uc2dc\uc5d0 2020\ub144\ub300 \ucd08\uc5d0\ub294 \uadf8 \ud6c4\uc720\uc99d\uc73c\ub85c \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158\uacfc \uae34\ucd95\uc804\ud658\uc744 \ucd08\ub798\ud588\uc2b5\ub2c8\ub2e4. \ud55c\uad6d\uacfc \ubbf8\uad6d \uc591\uad6d \ubaa8\ub450 \ud1b5\ud654\u00b7\uc7ac\uc815 \uc815\ucc45\uc744 \ud1b5\ud574 \uc704\uae30\uc5d0 \ub300\uc751\ud588\uc73c\uba70, 2020\ub144 \ud32c\ub370\ubbf9 \uc2dc \uc2dc\ud589\ub41c \ub300\uaddc\ubaa8 \ubd80\uc591\ucc45\uc740 \uacbd\uae30\ubd95\uad34\ub97c \ub9c9\ub294 \ub370 \uacb0\uc815\uc801\uc73c\ub85c \uae30\uc5ec\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uadf8 \ubd80\uc791\uc6a9\uc73c\ub85c \uc815\ubd80\ubd80\ucc44\uc640 \uc2dc\uc911\uc720\ub3d9\uc131\uc774 \uc0ac\uc0c1\ucd5c\ub300 \uc218\uc900\uc73c\ub85c \ub298\uc5b4\ub0ac\uace0, \uc790\uc0b0\uc2dc\uc7a5\uc758 \uae09\ub4f1\ub77d\uacfc \uc778\ud50c\ub808\uc774\uc158 \ud30c\uace0\ub77c\ub294 \ub3c4\uc804\uc744 \ub0a8\uacbc\uc2b5\ub2c8\ub2e4. \uc790\uc0b0\uc2dc\uc7a5\ubcc4 \uc0ac\uc774\ud074\uc744 \ub3cc\uc544\ubcf4\uba74, \uc8fc\uc2dd\uc740 \uc720\ub3d9\uc131 \ub355\uc5d0 \ub450 \ucc28\ub840\uc758 \uac15\uc138\uc7a5\uc744 \ub204\ub838\uc73c\ub098 \ubc84\ube14 \ub17c\ub780\uacfc \ud568\uaed8 \uae09\ub77d\uc744 \uacbd\ud5d8\ud588\uace0, \ubd80\ub3d9\uc0b0\uc740 \uc800\uae08\ub9ac\uc640 \uc815\ucc45 \ubd80\uc591 \uc18d\uc5d0 \uafb8\uc900\ud788 \uc62c\ub790\ub2e4\uac00 \ucd5c\uadfc \uae08\ub9ac\uc0c1\uc2b9\uc73c\ub85c \uc870\uc815\ubc1b\uc558\uc2b5\ub2c8\ub2e4. \uae08\uc740 \uc704\uae30 \ub54c\ub9c8\ub2e4 \uc548\uc804\uc790\uc0b0\uc73c\ub85c \uac01\uad11\ubc1b\uc544 2011\ub144\uacfc 2020\ub144 \ub450 \ucc28\ub840 \uc5ed\uc0ac\uc801 \uace0\uc810\uc744 \uacbd\uc2e0\ud588\uace0, \uc554\ud638\ud654\ud3d0\ub294 2017\ub144\uacfc 2021\ub144 \ud22c\uae30\uc801 \uad11\ud48d\uc73c\ub85c \ud3ed\ub4f1\ud588\ub2e4\uac00 \uac01\uad6d \uaddc\uc81c\uc640 \uc2e0\ub8b0\uc704\uae30\ub85c \uac70\ud488 \ubd95\uad34\ub97c \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc790\uc0b0\uac00\uaca9 \ubcc0\ub3d9\uc758 \ubc30\uacbd\uc5d0\ub294 \ud1b5\ud654\uc815\ucc45 \ubcc0\ud654\uc640 \ud22c\uc790\uc2ec\ub9ac\uac00 \ud575\uc2ec\uc801\uc73c\ub85c \uc790\ub9ac\ud558\uba70, \uc774\ub294 \uc815\ucc45\ud658\uacbd\uacfc \ubc00\uc811\ud788 \uc5f0\uacb0\ub418\uc5b4 \uc788\uc74c\uc744 \uc54c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ud5a5\ud6c4 2025\ub144 \uc774\ud6c4 2030\ub144\uae4c\uc9c0\uc758 \uc804\ub9dd\uc740 \uc5ec\uc804\ud788 \ubd88\ud655\uc2e4\uc131\uc774 \ub192\uc9c0\ub9cc, \ubcf8 \ubcf4\uace0\uc11c\uc5d0\uc11c\ub294 \uc815\ucc45 \uac00\uc815\uc5d0 \ub530\ub978 \uc2dc\ub098\ub9ac\uc624\ubcc4 \uc804\ub9dd\uc744 \ud1b5\ud574 \uac00\ub2a5 \uacbd\ub85c\ub97c \uc81c\uc2dc\ud588\uc2b5\ub2c8\ub2e4. \uae30\uc900 \uc2dc\ub098\ub9ac\uc624\ub294 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc548\uc815\ub418\uace0 \uc644\ub9cc\ud55c \uc131\uc7a5\uc73c\ub85c \ubcf5\uadc0\ud558\ub294 \uacbd\ub85c\ub85c\uc11c, \uc138\uacc4\uacbd\uc81c\ub294 \uc5f0 3% \ub0b4\uc678 \uc131\uc7a5\ub960\ub85c \uc0c8\ub85c\uc6b4 \uade0\ud615\uc744 \ucc3e\uace0 \uc790\uc0b0\uc2dc\uc7a5\ub3c4 \uc548\uc815\uc801\uc778 \ud750\ub984\uc744 \ubcf4\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ud588\uc2b5\ub2c8\ub2e4. \ub099\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uae30\uc220\ud601\uc2e0\uacfc \ud611\ub825\uc801 \uc815\ucc45\ud658\uacbd \uc18d\uc5d0 \uc138\uacc4\uacbd\uc81c\uac00 4%\ub300\uae4c\uc9c0 \uace0\uc131\uc7a5\uc744 \ud68c\ubcf5\ud558\uace0, \uc800\ubb3c\uac00-\uace0\uc131\uc7a5\uc758 \uc774\uc0c1\uc801 \uc870\ud569\uc774 \uc774\ub8e8\uc5b4\uc838 \uc790\uc0b0\uc2dc\uc7a5\uc774 \uad11\ubc94\uc704\ud55c \uac15\uc138\ub97c \ub098\ud0c0\ub0bc \uac83\uc73c\ub85c \uc804\ub9dd\ud588\uc2b5\ub2c8\ub2e4. \ubc18\uba74 \ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c\ub294 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158\uacfc \uc9c0\uc815\ud559 \ucda9\ub3cc\ub85c \ubcf5\ud569 \uc704\uae30\uac00 \ud604\uc2e4\ud654\ub418\uc5b4 \uc7a5\uae30 \uc800\uc131\uc7a5\uacfc \uae08\uc735\ubd88\uc548\uc774 \uc774\uc5b4\uc9c0\uace0, \uc790\uc0b0\uc2dc\uc7a5\uc740 \uc804\ubc18\uc801\uc778 \uc57d\uc138\uc640 \ubcc0\ub3d9\uc131 \ud655\ub300 \uad6d\uba74\uc5d0 \ub193\uc77c \uac83\uc73c\ub85c \ubcf4\uc558\uc2b5\ub2c8\ub2e4. \uc774\ucc98\ub7fc \uc0c1\uc774\ud55c \uc2dc\ub098\ub9ac\uc624\ub4e4\uc740 \ud5a5\ud6c4 \uc815\ucc45 \ub300\uc751\uacfc \uae00\ub85c\ubc8c \ud658\uacbd\uc5d0 \ub530\ub77c \ud604\uc2e4\ud654 \uac00\ub2a5\uc131\uc774 \ub2ec\ub77c\uc9c8 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

\uad81\uadf9\uc801\uc73c\ub85c 2030\ub144\uae4c\uc9c0\uc758 \uacbd\uc81c\uc804\ub9dd\uc740 \uc815\ucc45\ub2f9\uad6d\uc758 \uc5ed\ud560\uc5d0 \ud06c\uac8c \ub2ec\ub824 \uc788\uc2b5\ub2c8\ub2e4. \uc138\uacc4\uacbd\uc81c\uac00 \uacfc\uac70 20\ub144\uac04\uc758 \ubd80\uce68\uc744 \uad50\ud6c8\uc0bc\uc544 \ubcf4\ub2e4 \uc9c0\uc18d\uac00\ub2a5\ud558\uace0 \ud3ec\uc6a9\uc801\uc778 \uc131\uc7a5 \uacbd\ub85c\ub97c \uad6c\ucd95\ud560 \uc218 \uc788\uc744\uc9c0, \uc544\ub2c8\uba74 \uc0c8\ub85c\uc6b4 \uc704\ud5d8\uc5d0 \ud718\ub9d0\ub9b4\uc9c0\ub294 \uc9c0\uae08\uc758 \uc120\ud0dd\uc5d0 \uc88c\uc6b0\ub420 \uac83\uc785\ub2c8\ub2e4. \uc774\ub97c \uc704\ud574 \uac01\uad6d\uc740 \uac70\uc2dc\uacbd\uc81c \uc548\uc815\ud654\uc640 \ub354\ubd88\uc5b4 \uad6c\uc870\uac1c\ud601, \uad6d\uc81c\uacf5\uc870 \ub4f1 \uc7a5\uae30\uc801 \uc548\ubaa9\uc758 \uc815\ucc45\uc744 \ubcd1\ud589\ud574\uc57c \ud569\ub2c8\ub2e4. \ud55c\uad6d\uacfc \ubbf8\uad6d \uc5ed\uc2dc \ud1b5\ud654\u00b7\uc7ac\uc815\uc815\ucc45 \uac04 \uc870\ud654\ub97c \uc774\ub8e8\uace0 \uae08\uc735\uc2dc\uc2a4\ud15c \uac74\uc804\uc131\uc744 \uac15\ud654\ud558\uba74\uc11c, \ub3d9\uc2dc\uc5d0 \ubbf8\ub798 \uc0b0\uc5c5 \uacbd\uc7c1\ub825 \ud655\ubcf4\uc640 \uc0ac\ud68c\uc548\uc804\ub9dd \ud655\ucda9\uc5d0 \ud798\uc368\uc57c \ud560 \uac83\uc785\ub2c8\ub2e4. 2025~2030\ub144\uc740 \ub514\uc9c0\ud138 \uc804\ud658\uacfc \ub179\uc0c9\uc804\ud658\uc774 \ubcf8\uaca9\ud654\ub418\uace0 \ubbf8\u00b7\uc911 \ud328\uad8c \uacbd\uc7c1\uc774 \ud5a5\ubc30\ub97c \uacb0\uc815\uc9d3\ub294 \uc911\uc694\ud55c \uc2dc\uae30\uc778 \ubc14, \ubd88\ud655\uc2e4\uc131 \uc18d\uc5d0\uc11c \uae30\ubbfc\ud55c \uc815\ucc45\ub300\uc751\uacfc \ub9ac\uc2a4\ud06c \uad00\ub9ac\uac00 \uadf8 \uc5b4\ub290 \ub54c\ubcf4\ub2e4 \uc694\uad6c\ub429\ub2c8\ub2e4. \uc774\ubc88 \ubcf4\uace0\uc11c\uac00 \uc81c\uc2dc\ud55c \ubd84\uc11d\uacfc \uc2dc\ub098\ub9ac\uc624\ub4e4\uc774 \ud5a5\ud6c4 \uacbd\uc81c\uc804\ub9dd\uc744 \uc900\ube44\ud558\uace0 \uc815\ucc45 \ubc29\ud5a5\uc744 \uc124\uc815\ud558\ub294 \ub370 \uc720\uc6a9\ud55c \uc778\uc0ac\uc774\ud2b8\ub97c \uc81c\uacf5\ud558\uae30\ub97c \uae30\ub300\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

# \uc8fc\uc694 \ucc38\uace0\uc790\ub8cc:<\/p>\n\n\n\n

IMF, World Economic Outlook, \uc5ec\ub7ec \ud638 \u2013 \uae00\ub85c\ubc8c \uc131\uc7a5\ub960 \ubc0f \uc778\ud50c\ub808\uc774\uc158 \ucd94\uc774 \ub4f1.<\/p>\n\n\n\n

IMF, Global Financial Stability Report, Oct 2021 \u2013 \uc790\uc0b0 \ubc38\ub958\uc5d0\uc774\uc158 \ubc0f \uae08\uc735 \ucde8\uc57d\uc131 \ud3c9\uac00 \ub4f1.<\/p>\n\n\n\n

\uc138\uacc4\uc740\ud589, Global Economic Prospects, June 2025 \u2013 \uc911\uae30 \uc138\uacc4\uacbd\uc81c \uc804\ub9dd \ubc0f \uc2dc\ub098\ub9ac\uc624 \ubd84\uc11d.<\/p>\n\n\n\n

\uad6d\uc81c\uae08\uc735\uc13c\ud130, \uc8fc\uc694\uad6d \ud1b5\ud654\uc815\ucc45 \ub3d9\ud5a5 \ubcf4\uace0\uc11c \u2013 \ubbf8 \uc5f0\uc900 \ubc0f \ud55c\uc740\uc758 \uae08\ub9ac \uc0ac\uc774\ud074 \uc815\ub9ac.<\/p>\n\n\n\n

\ud55c\uad6d\uc740\ud589, \ud1b5\ud654\uc2e0\uc6a9\uc815\ucc45\ubcf4\uace0\uc11c \ubc0f \uacbd\uc81c\ud1b5\uacc4\uc2dc\uc2a4\ud15c(ECOS) \u2013 \ud55c\uad6d \uac70\uc2dc\uc9c0\ud45c \ubc0f \uc790\uc0b0\uc2dc\uc7a5 \ud1b5\uacc4.<\/p>\n\n\n\n

Global Property Guide, \u201cSouth Korea Property Market Analysis 2025\u201d \u2013 \ud55c\uad6d \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5 \uc5ed\uc0ac\uc640 \ucd5c\uadfc \ub3d9\ud5a5 \ub4f1.<\/p>\n\n\n\n

Britannica, \u201cFed Balance Sheet: What It Is & Why It Matters\u201d \u2013 \uc5f0\uc900 \uc790\uc0b0\uc99d\uac00\uc640 \uc2dc\uc7a5 \uc601\ud5a5 \ub4f1.<\/p>\n\n\n\n

Thomson Reuters, \u201cCryptos on the rise 2022\u201d \u2013 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5 \uc131\uc7a5\uacfc \uaddc\uc81c \uc774\uc288.<\/p>\n\n\n\n

\ud559\uc220\ub17c\ubb38: Bolt & van Zanden (2024), \u201cMaddison Project Database 2023\u201d \u2013 \uc5ed\uc0ac\uc801 \uc138\uacc4\uacbd\uc81c \uc131\uc7a5 \ub370\uc774\ud130.<\/p>\n\n\n\n

\ud559\uc220\ub17c\ubb38: Eichengreen (2015), \u201cSecular Stagnation: The Long View\u201d \u2013 \uc120\uc9c4\uad6d \uc7a5\uae30\uc800\uc131\uc7a5 \uc694\uc778 \ubd84\uc11d.<\/p>\n\n\n\n

\uac01\uc8fc: \uc704 \uc790\ub8cc \uc678\uc5d0\ub3c4 OECD \uacbd\uc81c\uc804\ub9dd, IMF Article IV \ucee8\uc124\ud14c\uc774\uc158 \ubcf4\uace0\uc11c(\ubbf8\uad6d, \ud55c\uad6d), BIS \ud1b5\uacc4 \ub4f1\uc758 \uacf5\uc2dd \uc790\ub8cc\uc640 \ub2e4\uc591\ud55c \uacbd\uc81c\uc5f0\uad6c\uc18c \ubcf4\uace0\uc11c\ub97c \ucc38\uc870\ud558\uc5ec \ubcf8 \ubcf4\uace0\uc11c\ub97c \uc791\uc131\ud558\uc600\uc2b5\ub2c8\ub2e4. <\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

\uae00\ub85c\ubc8c \uacbd\uc81c \ud750\ub984\uacfc \uc8fc\uc694 \uc9c0\ud45c \ucd94\uc774 (2005~2025) 2000\ub144\ub300 \uc911\ubc18\uae4c\uc9c0 \uc138\uacc4\uacbd\uc81c\ub294 \ube44\uad50\uc801 \uc548\uc815\uc801\uc778 \uc131\uc7a5\uc138\ub97c \ubcf4\uc600\uc73c\ub098, 2008\ub144 \ubbf8\uad6d \uc11c\ube0c\ud504\ub77c\uc784 \ubaa8\uae30\uc9c0 \uc0ac\ud0dc\ub85c \ucd09\ubc1c\ub41c \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30\uac00 \uc138\uacc4\uacbd\uc81c\uc758 \ud070 \uc804\ud658\uc810\uc774 \ub418\uc5c8\uc2b5\ub2c8\ub2e4. 2008~09\ub144 \uae08\uc735\uc704\uae30\ub85c \uc138\uacc4 GDP \uc131\uc7a5\ub960\uc740 \uc804\ud6c4 \ucd5c\uc800 \uc218\uc900\uc73c\ub85c \ucd94\ub77d\ud588\uace0 2009\ub144\uc5d0\ub294 \uc804\uc138\uacc4 GDP\uac00 \ub9c8\uc774\ub108\uc2a4 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud558\ub294 \ub4f1 \ub300\uacf5\ud669 \uc774\ud6c4 \ucd5c\uc545\uc758 \uce68\uccb4\ub97c \uacaa\uc5c8\uc2b5\ub2c8\ub2e4. \uae08\uc735\uc704\uae30\uc758 \ucda9\uaca9\uc73c\ub85c \uac01\uad6d \uacbd\uc81c\ub294 \uc7a0\uc7ac\uc131\uc7a5 \uacbd\ub85c \ub300\ube44 \uc601\uad6c\uc801\uc778 […]<\/p>\n","protected":false},"author":1,"featured_media":285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kadence_starter_templates_imported_post":false,"footnotes":""},"categories":[97],"tags":[364,363,374,367,370,377,371,376,372,380,379,362,375,369,365,373,366,378,368],"class_list":["post-277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-97","tag-364","tag-363","tag-374","tag-367","tag-370","tag-377","tag-371","tag-376","tag-372","tag-380","tag-379","tag-362","tag-375","tag-369","tag-365","tag-373","tag-366","tag-378","tag-368"],"blocksy_meta":[],"yoast_head":"\n\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8 - Text Revier<\/title>\n<meta name=\"description\" content=\"2005~2025 \uc138\uacc4\uacbd\uc81c\ub97c \uae08\uc735\uc704\uae30\u00b7\ud32c\ub370\ubbf9\u00b7\uae34\ucd95 \uc0ac\uc774\ud074\ub85c \uc7ac\uad6c\uc131\ud558\uace0, \ud55c\u00b7\ubbf8 \uc815\ucc45 \uac00\uc815\uc5d0 \ub530\ub978 2030 \uae30\uc900\u00b7\ub099\uad00\u00b7\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc640 \uc8fc\uc2dd\u00b7\ubd80\ub3d9\uc0b0\u00b7\uae08\u00b7\uc554\ud638\ud654\ud3d0 \uc804\ub7b5\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pmgineer.com\/?p=277\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8 - Text Revier\" \/>\n<meta property=\"og:description\" content=\"2005~2025 \uc138\uacc4\uacbd\uc81c\ub97c \uae08\uc735\uc704\uae30\u00b7\ud32c\ub370\ubbf9\u00b7\uae34\ucd95 \uc0ac\uc774\ud074\ub85c \uc7ac\uad6c\uc131\ud558\uace0, \ud55c\u00b7\ubbf8 \uc815\ucc45 \uac00\uc815\uc5d0 \ub530\ub978 2030 \uae30\uc900\u00b7\ub099\uad00\u00b7\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc640 \uc8fc\uc2dd\u00b7\ubd80\ub3d9\uc0b0\u00b7\uae08\u00b7\uc554\ud638\ud654\ud3d0 \uc804\ub7b5\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pmgineer.com\/?p=277\" \/>\n<meta property=\"og:site_name\" content=\"Text Revier\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-08T23:46:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-14T13:00:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Treview\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\uae00\uc4f4\uc774\" \/>\n\t<meta name=\"twitter:data1\" content=\"Treview\" \/>\n\t<meta name=\"twitter:label2\" content=\"\uc608\uc0c1 \ub418\ub294 \ud310\ub3c5 \uc2dc\uac04\" \/>\n\t<meta name=\"twitter:data2\" content=\"36\ubd84\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277\"},\"author\":{\"name\":\"Treview\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#\\\/schema\\\/person\\\/336edc77783772dd9465f8a4a9eea1fb\"},\"headline\":\"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8\",\"datePublished\":\"2025-08-08T23:46:32+00:00\",\"dateModified\":\"2025-08-14T13:00:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277\"},\"wordCount\":232,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pmgineer.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png\",\"keywords\":[\"2030\uc804\ub9dd\",\"\uacbd\uc81c\ubd84\uc11d\",\"\uae08\",\"\uae08\ub9ac\",\"\uae34\ucd95\",\"\ub9ac\uc2a4\ud06c\uad00\ub9ac\",\"\ubb34\uc5ed\uc804\uc7c1\",\"\ubbf8\uad6d\uacbd\uc81c\",\"\ubbf8\uc911\uad00\uacc4\",\"\ubd80\ub3d9\uc0b0\uc2dc\uc7a5\",\"\ube44\ud2b8\ucf54\uc778\",\"\uc138\uacc4\uacbd\uc81c\",\"\uc554\ud638\ud654\ud3d0\",\"\uc591\uc801\uc644\ud654\",\"\uc778\ud50c\ub808\uc774\uc158\",\"\uc8fc\uc2dd\uc2dc\uc7a5\",\"\ud1b5\ud654\uc815\ucc45\",\"\ud22c\uc790\uc804\ub7b5\",\"\ud55c\uad6d\uacbd\uc81c\"],\"articleSection\":[\"\uae30\uc220\ub9ac\ubdf0\"],\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/pmgineer.com\\\/?p=277#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277\",\"url\":\"https:\\\/\\\/pmgineer.com\\\/?p=277\",\"name\":\"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8 - Text Revier\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pmgineer.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png\",\"datePublished\":\"2025-08-08T23:46:32+00:00\",\"dateModified\":\"2025-08-14T13:00:14+00:00\",\"description\":\"2005~2025 \uc138\uacc4\uacbd\uc81c\ub97c \uae08\uc735\uc704\uae30\u00b7\ud32c\ub370\ubbf9\u00b7\uae34\ucd95 \uc0ac\uc774\ud074\ub85c \uc7ac\uad6c\uc131\ud558\uace0, \ud55c\u00b7\ubbf8 \uc815\ucc45 \uac00\uc815\uc5d0 \ub530\ub978 2030 \uae30\uc900\u00b7\ub099\uad00\u00b7\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc640 \uc8fc\uc2dd\u00b7\ubd80\ub3d9\uc0b0\u00b7\uae08\u00b7\uc554\ud638\ud654\ud3d0 \uc804\ub7b5\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277#breadcrumb\"},\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/pmgineer.com\\\/?p=277\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277#primaryimage\",\"url\":\"https:\\\/\\\/pmgineer.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png\",\"contentUrl\":\"https:\\\/\\\/pmgineer.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png\",\"width\":640,\"height\":640},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/?p=277#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\ud648\",\"item\":\"https:\\\/\\\/pmgineer.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#website\",\"url\":\"https:\\\/\\\/pmgineer.com\\\/\",\"name\":\"Text Revier\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/pmgineer.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ko-KR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#organization\",\"name\":\"Text Revier\",\"url\":\"https:\\\/\\\/pmgineer.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/pmgineer.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/11_44_31.png\",\"contentUrl\":\"https:\\\/\\\/pmgineer.com\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/11_44_31.png\",\"width\":640,\"height\":640,\"caption\":\"Text Revier\"},\"image\":{\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/pmgineer.com\\\/#\\\/schema\\\/person\\\/336edc77783772dd9465f8a4a9eea1fb\",\"name\":\"Treview\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/db68074534644338032170e9fd191088c98908b4c37b5f1f39b82673e4b56f17?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/db68074534644338032170e9fd191088c98908b4c37b5f1f39b82673e4b56f17?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/db68074534644338032170e9fd191088c98908b4c37b5f1f39b82673e4b56f17?s=96&d=mm&r=g\",\"caption\":\"Treview\"},\"description\":\"\ud14d\uc2a4\ud2b8 \ub9ac\ubdf0\uc5b4\ud14d\uc2a4\ud2b8 \ub9ac\ubdf0\uc5b4\",\"sameAs\":[\"https:\\\/\\\/pmgineer.com\"],\"url\":\"https:\\\/\\\/pmgineer.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8 - Text Revier","description":"2005~2025 \uc138\uacc4\uacbd\uc81c\ub97c \uae08\uc735\uc704\uae30\u00b7\ud32c\ub370\ubbf9\u00b7\uae34\ucd95 \uc0ac\uc774\ud074\ub85c \uc7ac\uad6c\uc131\ud558\uace0, \ud55c\u00b7\ubbf8 \uc815\ucc45 \uac00\uc815\uc5d0 \ub530\ub978 2030 \uae30\uc900\u00b7\ub099\uad00\u00b7\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc640 \uc8fc\uc2dd\u00b7\ubd80\ub3d9\uc0b0\u00b7\uae08\u00b7\uc554\ud638\ud654\ud3d0 \uc804\ub7b5\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pmgineer.com\/?p=277","og_locale":"ko_KR","og_type":"article","og_title":"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8 - Text Revier","og_description":"2005~2025 \uc138\uacc4\uacbd\uc81c\ub97c \uae08\uc735\uc704\uae30\u00b7\ud32c\ub370\ubbf9\u00b7\uae34\ucd95 \uc0ac\uc774\ud074\ub85c \uc7ac\uad6c\uc131\ud558\uace0, \ud55c\u00b7\ubbf8 \uc815\ucc45 \uac00\uc815\uc5d0 \ub530\ub978 2030 \uae30\uc900\u00b7\ub099\uad00\u00b7\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc640 \uc8fc\uc2dd\u00b7\ubd80\ub3d9\uc0b0\u00b7\uae08\u00b7\uc554\ud638\ud654\ud3d0 \uc804\ub7b5\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.","og_url":"https:\/\/pmgineer.com\/?p=277","og_site_name":"Text Revier","article_published_time":"2025-08-08T23:46:32+00:00","article_modified_time":"2025-08-14T13:00:14+00:00","og_image":[{"width":640,"height":640,"url":"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png","type":"image\/png"}],"author":"Treview","twitter_card":"summary_large_image","twitter_misc":{"\uae00\uc4f4\uc774":"Treview","\uc608\uc0c1 \ub418\ub294 \ud310\ub3c5 \uc2dc\uac04":"36\ubd84"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pmgineer.com\/?p=277#article","isPartOf":{"@id":"https:\/\/pmgineer.com\/?p=277"},"author":{"name":"Treview","@id":"https:\/\/pmgineer.com\/#\/schema\/person\/336edc77783772dd9465f8a4a9eea1fb"},"headline":"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8","datePublished":"2025-08-08T23:46:32+00:00","dateModified":"2025-08-14T13:00:14+00:00","mainEntityOfPage":{"@id":"https:\/\/pmgineer.com\/?p=277"},"wordCount":232,"commentCount":0,"publisher":{"@id":"https:\/\/pmgineer.com\/#organization"},"image":{"@id":"https:\/\/pmgineer.com\/?p=277#primaryimage"},"thumbnailUrl":"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png","keywords":["2030\uc804\ub9dd","\uacbd\uc81c\ubd84\uc11d","\uae08","\uae08\ub9ac","\uae34\ucd95","\ub9ac\uc2a4\ud06c\uad00\ub9ac","\ubb34\uc5ed\uc804\uc7c1","\ubbf8\uad6d\uacbd\uc81c","\ubbf8\uc911\uad00\uacc4","\ubd80\ub3d9\uc0b0\uc2dc\uc7a5","\ube44\ud2b8\ucf54\uc778","\uc138\uacc4\uacbd\uc81c","\uc554\ud638\ud654\ud3d0","\uc591\uc801\uc644\ud654","\uc778\ud50c\ub808\uc774\uc158","\uc8fc\uc2dd\uc2dc\uc7a5","\ud1b5\ud654\uc815\ucc45","\ud22c\uc790\uc804\ub7b5","\ud55c\uad6d\uacbd\uc81c"],"articleSection":["\uae30\uc220\ub9ac\ubdf0"],"inLanguage":"ko-KR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pmgineer.com\/?p=277#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pmgineer.com\/?p=277","url":"https:\/\/pmgineer.com\/?p=277","name":"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8 - Text Revier","isPartOf":{"@id":"https:\/\/pmgineer.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pmgineer.com\/?p=277#primaryimage"},"image":{"@id":"https:\/\/pmgineer.com\/?p=277#primaryimage"},"thumbnailUrl":"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png","datePublished":"2025-08-08T23:46:32+00:00","dateModified":"2025-08-14T13:00:14+00:00","description":"2005~2025 \uc138\uacc4\uacbd\uc81c\ub97c \uae08\uc735\uc704\uae30\u00b7\ud32c\ub370\ubbf9\u00b7\uae34\ucd95 \uc0ac\uc774\ud074\ub85c \uc7ac\uad6c\uc131\ud558\uace0, \ud55c\u00b7\ubbf8 \uc815\ucc45 \uac00\uc815\uc5d0 \ub530\ub978 2030 \uae30\uc900\u00b7\ub099\uad00\u00b7\ube44\uad00 \uc2dc\ub098\ub9ac\uc624\uc640 \uc8fc\uc2dd\u00b7\ubd80\ub3d9\uc0b0\u00b7\uae08\u00b7\uc554\ud638\ud654\ud3d0 \uc804\ub7b5\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.","breadcrumb":{"@id":"https:\/\/pmgineer.com\/?p=277#breadcrumb"},"inLanguage":"ko-KR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pmgineer.com\/?p=277"]}]},{"@type":"ImageObject","inLanguage":"ko-KR","@id":"https:\/\/pmgineer.com\/?p=277#primaryimage","url":"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png","contentUrl":"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/ChatGPT-Image-2025\ub144-8\uc6d4-9\uc77c-\uc624\uc804-08_22_31-e1754695481775.png","width":640,"height":640},{"@type":"BreadcrumbList","@id":"https:\/\/pmgineer.com\/?p=277#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\ud648","item":"https:\/\/pmgineer.com\/"},{"@type":"ListItem","position":2,"name":"\uae00\ub85c\ubc8c \uacbd\uc81c \uc0ac\uc774\ud074 : 2005~2025 \ubd84\uc11d\uacfc 2030\ub144 \ud22c\uc790 \uccb4\ud06c\ub9ac\uc2a4\ud2b8"}]},{"@type":"WebSite","@id":"https:\/\/pmgineer.com\/#website","url":"https:\/\/pmgineer.com\/","name":"Text Revier","description":"","publisher":{"@id":"https:\/\/pmgineer.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pmgineer.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ko-KR"},{"@type":"Organization","@id":"https:\/\/pmgineer.com\/#organization","name":"Text Revier","url":"https:\/\/pmgineer.com\/","logo":{"@type":"ImageObject","inLanguage":"ko-KR","@id":"https:\/\/pmgineer.com\/#\/schema\/logo\/image\/","url":"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/11_44_31.png","contentUrl":"https:\/\/pmgineer.com\/wp-content\/uploads\/2025\/08\/11_44_31.png","width":640,"height":640,"caption":"Text Revier"},"image":{"@id":"https:\/\/pmgineer.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/pmgineer.com\/#\/schema\/person\/336edc77783772dd9465f8a4a9eea1fb","name":"Treview","image":{"@type":"ImageObject","inLanguage":"ko-KR","@id":"https:\/\/secure.gravatar.com\/avatar\/db68074534644338032170e9fd191088c98908b4c37b5f1f39b82673e4b56f17?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/db68074534644338032170e9fd191088c98908b4c37b5f1f39b82673e4b56f17?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/db68074534644338032170e9fd191088c98908b4c37b5f1f39b82673e4b56f17?s=96&d=mm&r=g","caption":"Treview"},"description":"\ud14d\uc2a4\ud2b8 \ub9ac\ubdf0\uc5b4\ud14d\uc2a4\ud2b8 \ub9ac\ubdf0\uc5b4","sameAs":["https:\/\/pmgineer.com"],"url":"https:\/\/pmgineer.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/pmgineer.com\/index.php?rest_route=\/wp\/v2\/posts\/277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pmgineer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pmgineer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pmgineer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pmgineer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=277"}],"version-history":[{"count":4,"href":"https:\/\/pmgineer.com\/index.php?rest_route=\/wp\/v2\/posts\/277\/revisions"}],"predecessor-version":[{"id":339,"href":"https:\/\/pmgineer.com\/index.php?rest_route=\/wp\/v2\/posts\/277\/revisions\/339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pmgineer.com\/index.php?rest_route=\/wp\/v2\/media\/285"}],"wp:attachment":[{"href":"https:\/\/pmgineer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pmgineer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pmgineer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}