{"id":4414,"date":"2021-10-08T13:35:12","date_gmt":"2021-10-08T04:35:12","guid":{"rendered":"https:\/\/bcgblog.kr\/?p=4414"},"modified":"2021-11-02T16:55:58","modified_gmt":"2021-11-02T07:55:58","slug":"global-capital-post-pandemic","status":"publish","type":"post","link":"https:\/\/bcgblog.kr\/global-capital-post-pandemic\/","title":{"rendered":"\uc704\ub4dc \ucf54\ub85c\ub098 \uc2dc\ub300, \uae00\ub85c\ubc8c \ud22c\uc790 \uc790\ubcf8\uc758 \ud750\ub984\uc744 \uc77d\uc5b4\ub77c"},"content":{"rendered":"

\uc720\ub3d9\uc131\uc758 \ubc14\ub2e4\ub97c \uc720\uc601\ud558\ub294 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c, \uae00\ub85c\ubc8c \ud22c\uc790 \ud750\ub984\uc758 \uc5ed\ud559\uad6c\uc870\ub97c \uc774\ud574\ud558\ub294 \uac83\uc740 \uc790\ubcf8\uc744 \ud604\uba85\ud558\uac8c \ud22c\uc790\ud558\ub294 \ub370 \uc788\uc5b4 \ub9e4\uc6b0 \uc911\uc694\ud558\ub2e4. \uc774\ub97c \ub3d5\uae30 \uc704\ud574 BCG\ub294 \ucf54\ub85c\ub098 \ud32c\ub370\ubbf9 \uc774\uc804 \uba87 \ub144\uac04 PE \ud22c\uc790, \uae30\uc5c5 M&A, \uadf8\ub9b0\ud544\ub4dc(greenfield) FDI(Foreign Direct Investment)\ub97c \uc8fc\ub3c4\ud588\ub358 \ud2b8\ub80c\ub4dc\ub97c \uc0b4\ud3b4\ubd24\ub2e4. \ub610\ud55c \uc0c8\ub86d\uac8c \ud615\uc131\ub418\uace0 \uc788\ub294 \ud3ec\uc2a4\ud2b8 \ucf54\ub85c\ub098 \uc2dc\ub300\uc758 \ud2b8\ub80c\ub4dc \uc5ed\uc2dc \ubd84\uc11d\ud588\ub2e4.<\/p>\n

\uae00\ub85c\ubc8c \uc790\ubcf8 \ud750\ub984\uc5d0 \uc788\uc5b4 \uc0c8\ub86d\uac8c \ubd80\uc0c1\ud558\ub294 \uc9c0\uc815\ud559\uc801, \uacbd\uc81c\ud559\uc801, \uae30\uc220\uc801 \ub9e5\ub77d\uc740 \ucf54\ub85c\ub098 \uc704\uae30 \uc774\uc804\uc758 \ud750\ub984\uacfc\ub294 \ub9e4\uc6b0 \ub2e4\ub974\uba74\uc11c\ub3c4 \ube44\uc2b7\ud55c \uc810\uc774 \uc788\ub2e4. \ud32c\ub370\ubbf9\uc740 PE \ud22c\uc790\uc758 \uc911\uc694\uc131 \uc0c1\uc2b9, \ud22c\uc790\uc758 \uc9c0\uc5ed\ud654, \uae30\uc220\uc5d0 \ub300\ud55c \uc9d1\uc911 \ub4f1 \uc774\ubbf8 \uc9c4\ud589 \uc911\uc774\ub358 \ud2b8\ub80c\ub4dc\ub97c \ub354\uc6b1 \uac15\ud654\uc2dc\ucf30\ub2e4.<\/p>\n

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\ud32c\ub370\ubbf9 \uc774\uc804\uc758 \ub454\ud654\uc138<\/strong><\/h3>\n

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\ud32c\ub370\ubbf9 \uc774\uc804\uc5d0\ub3c4, \uae00\ub85c\ubc8c \ud22c\uc790 \uc131\uc7a5\uc138\ub294 \uc774\ubbf8 \ub454\ud654\uad6d\uba74\uc5d0 \uc811\uc5b4\ub4e4\uace0 \uc788\uc5c8\ub2e4. 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 \uadf8\ub9b0\ud544\ub4dc FDI\ubfd0 \uc544\ub2c8\ub77c PE\uc640 M&A \ud22c\uc790\ub294 \uc5f0\uac04 \uaca8\uc6b0 2% \uc131\uc7a5<\/strong>\ud588\ub2e4. \uc131\uc7a5 \ub454\ud654\uc138\uc758 \uc77c\ubd80 \uc774\uc720\ub294 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uacfc \uad6d\uac00 \ubc0f \uc9c0\uc5ed \uacbd\uc81c\uc758 \ucd08\uae30 \ud0c8\ub3d9\uc870\ud654(decoupling) \ud604\uc0c1 \ub54c\ubb38\uc774\ub2e4. \uc774 \uc694\uc778\ub4e4\uc740 \ud2b9\ud788 2019\ub144 \uae00\ub85c\ubc8c \ud22c\uc790 \ud750\ub984\uc5d0\uc11c \uac00\uc7a5 \ud070 \ube44\uc911(64%)\uc744 \ucc28\uc9c0\ud588\ub358 \uae30\uc5c5 M&A\uc640 \uadf8\ub9b0\ud544\ub4dc FDI\uc5d0 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.<\/p>\n

\uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uacfc \uad6d\uac00 \ubc0f \uc9c0\uc5ed \uacbd\uc81c\uc758 \ucd08\uae30 \ud0c8\ub3d9\uc870\ud654 \ud604\uc0c1\uc774 \ud32c\ub370\ubbf9 \uc774\uc804\uc758 \uc131\uc7a5\uc138\uc5d0 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4.<\/strong><\/p><\/blockquote>\n

\uc608\ub97c \ub4e4\uc5b4, \uc9c0\uc5ed \ub0b4 \ud22c\uc790 \ud750\ub984\uc740 \uc5f0\uac04 5% \uc99d\uac00\ud588\uc9c0\ub9cc \uc9c0\uc5ed\uac04 \ud750\ub984\uc740 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 \uc5f0\uac04 4% \ud558\ub77d\ud588\ub2e4. \ub300\ubbf8 \uc678\uad6d\uc778\ud22c\uc790\uc704\uc6d0\ud68c(Committee on Foreign Investment)\uc758 \uc2ec\uc758 \uac15\ud654\ub85c \uc778\ud574 \ubbf8\u00b7\uc911 \uac04\uc758 \uac70\ub798 \ud611\uc0c1 \ubd84\uc704\uae30\uac00 \ub0c9\uac01\ub410\uc73c\uba70 \ub610\ud55c \uc815\ubd80\uac00 \ud2b9\ud788 \uae30\uc220 \uc778\uc218\uc5d0 \ub300\ud55c \uac10\ub3c5\uc744 \uac15\ud654\ud558\uba74\uc11c \uc720\ub7fd\uc5d0\uc11c \uc911\uad6d\uc758 M&A\uac00 \uac10\uc18c\ud588\ub2e4. \ud55c\ud3b8, \ubbf8\uad6d\uacfc \uc720\ub7fd\uc758 \ubc94\ub300\uc11c\uc591 \ubb34\uc5ed \ud22c\uc790 \ud611\uc815(Transatlantic Trade and Investment Partnership)\ud68c\ub2f4\uc774 \uacb0\ub82c\ub41c \uc774\ud6c4 \ubcf4\ubcf5\uad00\uc138\uac00 \uc774\uc5b4\uc84c\ub2e4.<\/p>\n

\uadf8\ub7ec\ub358 \uc911 \ucf54\ub85c\ub098 \ud32c\ub370\ubbf9\uc73c\ub85c \uc778\ud574 \ud22c\uc790 \ud750\ub984\uc774 \uac11\uc791\uc2a4\ub7fd\uac8c \uc911\ub2e8\ub410\ub2e4. PE \ud22c\uc790 \ubc0f \uae30\uc5c5 M&A\uc758 \uac00\uce58\ub294 2020\ub144 \uc0c1\ubc18\uae30\uc758 \uc800\uc810\uc5d0\uc11c \uc0c1\ub2f9\ud788 \ud68c\ubcf5\ub410\uc9c0\ub9cc, \uadf8\ub9b0\ud544\ub4dc FDI\ub294 \uc5ec\uc804\ud788 \ub9e4\uc6b0 \uc800\uc870\ud55c \uc0c1\ud669\uc774\uba70 \ub9ce\uc740 \ud22c\uc790\uc790\ub4e4\uc774 \uc544\uc9c1 \ubbf8\ub798\ub97c \uace0\ubbfc\ud558\uace0 \uc788\ub2e4. \ubcf4\ub2e4 \uc815\ud655\ud55c \uc774\ud574\ub97c \uc704\ud574, \uc6b0\ub9ac\ub294 \uc138 \uac00\uc9c0 \uc790\ubcf8 \ucd9c\ucc98\uc5d0 \ub300\ud574 \uc2ec\uce35 \ubd84\uc11d\uc744 \uc2e4\uc2dc\ud588\ub2e4.<\/p>\n

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\uac15\ub825\ud558\uace0 \ud68c\ubcf5\ub825 \uc788\ub294 PE \ud22c\uc790<\/strong><\/h3>\n

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\ucf54\ub85c\ub098 \ud32c\ub370\ubbf9 \uc774\uc804 \uba87 \ub144 \ub3d9\uc548, \ubd80\uc720\ud55c \ud22c\uc790\uc790\ub4e4\uc740 \uacf5\uac1c \uc2dc\uc7a5\uc744 \ub6f0\uc5b4\ub118\ub294 \uc6b0\uc218\ud55c \uc2e4\uc801\uc5d0 \uc774\ub04c\ub824 PE \ud380\ub4dc\ub85c \ubab0\ub824\ub4e4\uc5c8\ub2e4. PE \uae30\uc5c5\ub4e4\uc740 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 \uc6b4\uc6a9\uc790\uc0b0\uc5d0 \ub300\ud574 \uc5f0\ud3c9\uade0\uc131\uc7a5\ub960 17%\ub97c \ub2ec\uc131\ud588\uc73c\uba70 \ub4dc\ub77c\uc774 \ud30c\uc6b0\ub354(dry powder) \uae08\uc561\uc740 2020\ub144 \uc0ac\uc0c1 \ucd5c\uace0\uce58\uc778 1\uc8705000\uc5b5 \ub2ec\ub7ec\uc5d0 \ub2ec\ud588\ub2e4. \ud504\ub9ac\ud0a8(Preqin)\uc5d0 \ub530\ub974\uba74, 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 \uc544\uc2dc\uc544 \ubc0f \uae30\ud0c0 \uc9c0\uc5ed\uc758 \ud22c\uc790\uc790\ub4e4\uc774 PE \ud380\ub4dc\uc5d0 \ud22c\uc785\ud55c \uc790\ubcf8\uc758 \ube44\uc728\uc740 \uc0c1\uc2b9<\/strong>\ud588\uc73c\uba70 \ubd81\ubbf8 \ud22c\uc790\uc790\ub4e4\uc774 \ud22c\uc790\ud55c \ube44\uc728\uc740 \uc57d\uac04 \ud558\ub77d<\/strong>\ud588\ub2e4. \ud22c\uc790 \ube44\uc728\uc774 \ud558\ub77d\ud558\uae30\ub294 \ud588\uc9c0\ub9cc, \ubd81\ubbf8\uc640 \uc720\ub7fd \ud22c\uc790\uc790\ub4e4\uc740 (\uac01\uac01 50%\uc640 32%\ub85c) \uc5ec\uc804\ud788 2019\ub144 PE \ud380\ub4dc \ud22c\uc790\uc790\ubcf8\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc744 \ucc28\uc9c0<\/strong>\ud588\ub2e4.<\/p>\n

PE \uae30\uc5c5\ub4e4\uc774 \ubc88\ucc3d\ud558\uba74\uc11c, \uc774\ub4e4\uc774 \uc138\uacc4\uc801\uc73c\ub85c \ubbf8\uce58\ub294 \uc601\ud5a5\ub825\uc740 \ub354\uc6b1 \uac15\ub825\ud574\uc9c0\uae30 \uc2dc\uc791\ud588\ub2e4. \ud53c\uce58\ubd81 \ub370\uc774\ud130(Pitchbook Data)\uc758 \ub370\uc774\ud130\ub97c \ubd84\uc11d\ud574 \ubcf4\uba74, 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 PE \uae30\uc5c5\ub4e4\uc740 \uc5f0\ud3c9\uade0 \uc57d 18%\uc758 \uc131\uc7a5\ub960\ub85c \uc790\ubcf8\uc744 \ud22c\uc790\ud588\ub294\ub370, 2018\ub144 \uae00\ub85c\ubc8c \uac70\ub798\uc561\uc740 5950\uc5b5 \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\uc73c\uba70, 2019\ub144\uc5d0\ub3c4 5860\uc5b5 \ub2ec\ub7ec\ub85c \ub9ce\uc774 \ub4a4\ucc98\uc9c0\uc9c0 \uc54a\uc558\ub2e4. 3\uc5b5 \ub2ec\ub7ec\ub97c \ucd08\uacfc\ud558\ub294 \uac70\ub798\uc561\uc740 2019\ub144 \ucd1d 5290\uc5b5 \ub2ec\ub7ec\uc600\uace0, PE \uae30\uc5c5\uc758 \uad00\uc2ec\uc744 \ub3c5\ucc28\uc9c0\ud55c \ub2e8\uc77c \uc0b0\uc5c5\uc740 \uc5c6\uc5c8\uc9c0\ub9cc \uae08\uc735\uc5c5, \ud5ec\uc2a4\ucf00\uc5b4, IT\ub294 \uac19\uc740 \uae30\uac04 \ub3d9\uc548 \ub2e4\ub978 \uc0b0\uc5c5\ub4e4\ubcf4\ub2e4 \ub354 \ub9ce\uc740 PE \ud22c\uc790\ub97c \uc720\uce58\ud588\ub2e4.<\/p>\n

\uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 \uc5ed\ub0b4\uc678 PE \ud22c\uc790\ub294 \uc131\uc7a5\uc138\uc5d0 \uc788\uc5c8\ub2e4. (\ubcf4\uae30 1 \ucc38\uc870) \ud558\uc9c0\ub9cc, \ud32c\ub370\ubbf9\uc73c\ub85c \uc778\ud574 2020\ub144 \uc0c1\ubc18\uae30 PE \ud65c\ub3d9\uc740 \uac11\uc791\uc2a4\ub7fd\uac8c \uc911\ub2e8\ub410\uace0, 2\ubd84\uae30\uc5d0 PE \ud22c\uc790\uc790\ub85c \uc778\ud55c \uac70\ub798 \ucd1d\uc561\uc740 1\ub144 \uc804 \ucd1d\uc561\uc5d0 \ube44\ud574 \uc57d 50% \ud558\ub77d\ud588\ub2e4. \ud558\uc9c0\ub9cc, \uc5c5\uacc4\ub294 \ud558\ubc18\uae30\uc5d0 \ubb34\uc11c\uc6b4 \uae30\uc138\ub85c \uc131\uc7a5\uc138\ub97c \ud68c\ubcf5\ud588\uc73c\uba70 4\ubd84\uae30 \uac70\ub798\uc561\uc740 \ub3d9\uae30\uac04 2019\ub144 \uc218\uc900\uc744 \ub2a5\uac00\ud588\ub2e4. PE \uae30\uc5c5\ub4e4\uc740 \uc790\ubcf8\uc744 \ud65c\uc6a9\ud558\ub294 \ub192\uc740 \uc720\uc5f0\uc131\uc73c\ub85c \uc778\ud574 \ud22c\uc790\ub97c \ube60\ub974\uac8c \uc911\ub2e8\ud558\uace0 \uae30\ud68c\uac00 \ub3cc\uc544\uc654\uc744 \ub54c \ub2e4\uc2dc \ube60\ub974\uac8c \ub6f0\uc5b4\ub4e4 \uc218 \uc788\uc5c8\ub2e4.<\/strong><\/p>\n

\"\"<\/p>\n

\ucf54\ub85c\ub098 \ud32c\ub370\ubbf9\uc73c\ub85c \uc778\ud574 \uc774\ub3d9\ud1b5\uc2e0 \ubc0f \ub124\ud2b8\uc6cc\ud0b9, IT\uc11c\ube44\uc2a4, \uc81c\uc57d\uc5c5 \ud22c\uc790 \ub4f1 \uc774\ubbf8 \uc9c4\ud589 \uc911\uc774\uc5c8\ub358 \uba87 \uac00\uc9c0 PE \ud2b8\ub80c\ub4dc\ub294 \ub354\uc6b1 \uac00\uc18d\ud654\ub410\ub2e4.<\/strong> \ud558\uc9c0\ub9cc, \ub2e4\ub978 \uc0b0\uc5c5\ub4e4\uc740 PE \ud22c\uc790 \uc720\uce58\uc5d0 \uc5b4\ub824\uc6c0\uc744 \uacaa\uc5c8\ub2e4. \uadf8 \uc608\ub85c \uc5d0\ub108\uc9c0 \ubd80\ubb38\uc5d0\uc11c\ub294 PE \ud22c\uc790\uc790\uc5d0 \uc758\ud55c \ucd1d \uac70\ub798\uc561\uc774 47% \uac10\uc18c<\/strong>\ud588\ub2e4. PE \uae30\uc5c5\ub4e4\uc774 \ubcf4\uc720\ud55c \ub4dc\ub77c\uc774 \ud30c\uc6b0\ub354\uc758 \uc591\uacfc \ub9e4\uac01 \uc790\uc0b0 \ub4f1 \ub9e4\ub825\uc801\uc778 \uac00\uaca9\uc758 \uc790\uc0b0\uc744 \ube60\ub974\uac8c \uc778\uc218\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uc744 \uace0\ub824\ud560 \ub54c \uc774 \uc131\uc7a5\ucd94\uc138\ub294 \uc9c0\uc18d\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

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\ud558\ub77d \uc774\ud6c4 \ubc18\ub4f1\uc744 \ub178\ub9ac\ub294 \uae30\uc5c5 M&A<\/strong><\/h3>\n

 <\/p>\n

BCG\uac00 \ub808\ud53c\ub2c8\ud2f0\ube0c(Refinitiv)\ub370\uc774\ud130\ub97c \ubd84\uc11d\ud55c \ubc14\uc5d0 \ub530\ub974\uba74, \uae30\uc5c5 M&A \uc131\uc7a5\ub960(PE M&A \uc81c\uc678)\uc740 \uc9c0\ub09c 10\ub144\uac04 \ud558\ub77d\ud574 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 \uc5f0\ud3c9\uade0 \uc131\uc7a5\ub960 \uc57d -1%\ub85c \uc815\uccb4 \uc0c1\ud0dc\uc5d0 \uc788\uc73c\uba70 2019\ub144 \ucd1d\uc561\uc740 \uc57d 2\uc8704000\uc5b5 \ub2ec\ub7ec\uc600\ub2e4. \uc55e\uc11c \uc124\uba85\ud55c \ubc14\uc640 \uac19\uc774, \uadf8 \uc774\uc720 \uc911 \ud558\ub098\ub294 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uacfc \uc5b4\ub290 \uc815\ub3c4\uc758 \uacbd\uc81c\uc801 \ud0c8\ub3d9\uc870\ud654 \ub54c\ubb38\uc774\uc5c8\ub2e4. \uae30\uc5c5 M&A \uac70\ub798\ub294 \uc810\uc810 \ub354 \uc5ed\ub0b4\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc9c0\uace0 \uc788\ub294\ub370 \ubd81\ubbf8, \uc720\ub7fd, \uc911\uad6d\uc744 \uc81c\uc678\ud55c \uae30\ud0c0 \uc544\uc2dc\uc544\uc9c0\uc5ed, \uc911\ub3d9\uc5d0\uc11c \uc5ed\ub0b4 \uac70\ub798\uac00 \uc99d\uac00\ud558\uace0 \uc788\ub2e4. (\ubcf4\uae30 2 \ucc38\uc870) \ud558\uc9c0\ub9cc, \uc774\ub7f0 \uc694\uc778\ub4e4\uc774 M&A \uc815\uccb4\uc758 \uc720\uc77c\ud55c \uc774\uc720\ub294 \uc544\ub2c8\ub2e4. PE \ud380\ub4dc\uc640\uc758 \uacbd\uc7c1\uc774 \ub354 \uce58\uc5f4\ud574\uc84c\uace0, \ub300\uccb4 \uc720\ud615\uc758 \uac70\ub798\ub4e4(\ud569\uc791 \ud22c\uc790, \uc804\ub7b5\uc801 \uc81c\ud734, \uae30\uc5c5 \ubca4\ucc98\ub9c1 \ub4f1)\uc758 \uc778\uae30\uac00 \ub354 \ucee4\uc9c4 \uac83\ub3c4 M&A \ud65c\ub3d9 \uac10\uc18c\uc5d0 \uae30\uc5ec\ud588\ub2e4.<\/p>\n

\"\"<\/p>\n

PE \ud22c\uc790\uc640 \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uae30\uc5c5\ub4e4\uc774 \ub51c\uc744 \uc804\uba74\uc801\uc73c\ub85c \uc5f0\uae30\ud558\uac70\ub098 \ucde8\uc18c\ud588\uae30 \ub54c\ubb38\uc5d0 2020\ub144 \uc0c1\ubc18\uae30 \uae30\uc5c5 M&A \ud65c\ub3d9\uc740 \uc911\ub2e8 \uc0c1\ud0dc\uc600\ub2e4. \uc774\ub294 \uae08\uc735\uc704\uae30\uac00 \uadf9\uc2ec\ud558\ub358 \ub54c\uc640 \ubc84\uae08\uac00\ub294 \ud558\ub77d\uc774\uc5c8\ub2e4. \ud558\uc9c0\ub9cc, \uadf8 \ud6c4 \uc5ed\uc2dc PE \ud22c\uc790\uc640 \ub9c8\ucc2c\uac00\uc9c0\ub85c \ud558\ubc18\uae30 M&A \ud65c\ub3d9\uc740 \uae09\uc99d\ud588\ub2e4. BCG\uac00 \ub808\ud53c\ub2c8\ud2f0\ube0c \ub370\uc774\ud130\ub97c \ubd84\uc11d\ud55c \ubc14\uc5d0 \ub530\ub974\uba74, 2020\ub144 3, 4\ubd84\uae30 \ucd1d\uac70\ub798\uc561\uc740 2019\ub144 \ud558\ubc18\uae30 \ucd1d\uac70\ub798\uc561\uc744 \ub2a5\uac00\ud588\uc73c\uba70, \uc774\ub3d9\ud1b5\uc2e0, \ucca8\ub2e8\uae30\uc220, \uc18c\ube44\uc7ac \ubd80\ubb38\uc5d0\uc11c \uac00\uc7a5 \ud65c\ubc1c\ud55c \ub51c\uc774 \uc774\ub8e8\uc5b4\uc84c\ub2e4. 2020\ub144 \ucd1d \uac70\ub798\uc561\uc740 2019\ub144 \ucd1d \uac70\ub798\uc561\uc5d0 \ube44\ud574 \uc57d 10% \ud558\ub77d\ud558\uae30\ub294 \ud588\uc9c0\ub9cc, \uc720\ub7fd(\ub300\ubd80\ubd84 \ubd81\ubbf8 \ud22c\uc790\uc5d0\uc11c \uae30\uc778\ud55c)\uacfc \uc911\uad6d\uc5d0\uc11c\uc758 \ud22c\uc790\ub294 \uc0c1\uc2b9\ud588\ub2e4.<\/p>\n

\ud558\ubc18\uae30\uc758 \uae09\uc99d\uc5d0\ub294 \uc9c0\uc5f0\ub410\ub358 \uac70\ub798\uc758 \uc2e4\ud589, \ubd80\uc2e4\uae30\uc5c5 \ub9e4\uac01 \uc99d\uac00, \ub0ae\uc740 \ud3c9\uac00 \uac00\uce58\ub85c \uc778\ud55c \uad00\uc2ec \uc0c1\uc2b9 \ub4f1\uc758 \uc694\uc778\uc774 \uc791\uc6a9\ud588\ub2e4.<\/p>\n

 <\/p>\n

 <\/p>\n

\uadf8\ub9b0\ud544\ub4dc FDI, \uc7a5\uae30 \uc0c1\uc2b9\uc138 \ub3cc\uc785<\/strong><\/h3>\n

 <\/p>\n

\uc5d0\ud504\ub514\uc544\uc774 \ub9c8\ucf13(FDI Markets)\uc758 \ub370\uc774\ud130\ub97c BCG\uac00 \ubd84\uc11d\ud55c \ubc14\uc5d0 \ub530\ub974\uba74, \uadf8\ub9b0\ud544\ub4dc FDI(M&A \uc81c\uc678)\uc758 \uc131\uc7a5\uc740 \ucf54\ub85c\ub098 \ud32c\ub370\ubbf9 \uc774\uc804\uc5d0 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 2%\ub85c \uc5ed\ub300 \ucd5c\uc800 \uc218\uc900\uc774\uc5c8\uc73c\uba70 2019\ub144 FDI \ucd1d\uc561\uc740 8110\uc5b5 \ub2ec\ub7ec\uc600\ub2e4. \uae30\uc5c5 M&A\uc640 \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uacfc \uacbd\uc81c \ud0c8\ub3d9\uc870\ud654\ub294 \ud655\uc2e4\ud788 FDI\uc5d0 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4. \uc2e4\uc81c\ub85c, \uc911\uad6d\uacfc \ubd81\ubbf8(\uc5ed\uc0ac\uc801\uc73c\ub85c \uac00\uc7a5 \ub9ce\uc740 \uadf8\ub9b0\ud544\ub4dc FDI\uac00 \uc2dc\uc791\ub41c \uc9c0\uc5ed\ub4e4)\ub294 \ub9c8\uc774\ub108\uc2a4 \uc131\uc7a5\uc744 \uae30\ub85d\ud588\ub2e4. (\ubcf4\uae30 3 \ucc38\uc870) \uadf8\ub098\ub9c8 \uc131\uc7a5\uc138\ub97c \ubcf4\uc778 \uc9c0\uc5ed\uc740 \uc8fc\ub85c \uc720\ub7fd \ub0b4 \ud22c\uc790\uc640 \ub3d9\uc720\ub7fd \uad6d\uac00\uc758 \ud22c\uc790\uc600\ub2e4. \uc720\ub7fd \uad6d\uac00\uac00 \ub2e4\ub978 \uc9c0\uc5ed\uc5d0 \ud22c\uc790\ub97c \uc99d\uac00\ud55c \uac83\ub3c4 \uc131\uc7a5\uc5d0 \uc77c\ubd80 \uae30\uc5ec\ud588\ub2e4.<\/p>\n

\ub514\uc9c0\ud138\ud654\uc640 \uc81c\uc870\uc5c5\uc5d0\uc11c \uc11c\ube44\uc2a4\uc5c5\uc73c\ub85c\uc758 \uc804\ud658, \uacbd\uc7c1\uc6b0\uc704\uc758 \uc0c8\ub85c\uc6b4 \uc694\uc778(\uc219\ub828\ub41c \ub178\ub3d9\ub825\uacfc \uc2dc\uc7a5 \uadfc\uc811\uc131 \ub4f1)\ub4e4\uc740 2015\ub144\ubd80\ud130 \uadf8\ub9b0\ud544\ub4dc FDI\ub97c \ud615\uc131\ud574 \uc654\ub2e4. \ub610\ud55c, \ud658\uacbd, \uc0ac\ud68c, \uae30\uc5c5 \uc9c0\ubc30\uad6c\uc870\uc694\uc778\uc740 \uc810\uc810 \ub354 \ud22c\uc790\ub97c \uacb0\uc815\uc9d3\ub294 \uc911\uc694\ud55c \uc9c0\uce68\uc774 \ub418\uae30 \uc2dc\uc791\ud588\ub2e4. \uc77c\ub840\ub85c, 2016\ub144\ubd80\ud130 2019\ub144\uae4c\uc9c0 FDI\uc758 \uac00\uc7a5 \ud070 \ube44\uc911\uc744 \ucc28\uc9c0\ud558\ub294 \ubd80\ubb38\uc740 \uc5ec\uc804\ud788 \uc11d\ud0c4, \uc815\uc720, \ubd80\ub3d9\uc0b0, \uc7ac\uc0dd\uc5d0\ub108\uc9c0\uc600\uc9c0\ub9cc, \uac19\uc740 \uae30\uac04 \uc7ac\uc0dd\uc5d0\ub108\uc9c0\ub9cc \uc131\uc7a5\uc138\ub97c \ubcf4\uc600\ub2e4. \ucf54\ub85c\ub098 \ud32c\ub370\ubbf9\uc740 \uc774 \ud2b8\ub80c\ub4dc\ub97c \uac00\uc18d\ud588\uc73c\uba70 \ud32c\ub370\ubbf9\uc774 \uc18c\ube44\uc790 \uc2b5\uad00\uacfc \uc218\uc694\ub97c \ubcc0\ud654\uc2dc\ud0a8 \uc815\ub3c4\ub97c \uace0\ub824\ud558\uba74, FDI \ud750\ub984\uc740 \ub354\uc6b1 \uc7ac\ud3b8\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

\"\"<\/p>\n

\ud32c\ub370\ubbf9 \uc774\uc804\uc758 \uc6c0\uc9c1\uc784\uc774 \ud32c\ub370\ubbf9 \uc704\uae30 \ub3d9\uc548\uc758 \ubcc0\ud654\uc640 \uacb0\ud569\ud574 FDI \ud750\ub984\uc740 \ub354\uc6b1 \uc7ac\ud3b8\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/strong><\/p><\/blockquote>\n

\uc790\ubcf8 \ud750\ub984\uc758 \uc138 \uac00\uc9c0 \uc720\ud615 \uc911, \uadf8\ub9b0\ud544\ub4dc FDI\ub294 2020\ub144 \ud32c\ub370\ubbf9\uc758 \uacb0\uacfc\ub85c \uac00\uc7a5 \uae09\uaca9\ud55c \ud558\ub77d\uc138\ub97c \ubcf4\uc774\uba70 \uc57d 35% \uac10\uc18c\ud588\ub2e4. \uadf8 \uc601\ud5a5\uc740 \uc9c0\uc5ed\ubcc4\ub85c \ub2e4\ub974\uac8c \ub098\ud0c0\ub0ac\ub2e4. \uc544\ud504\ub9ac\uce74\uc640 \uc911\ub0a8\ubbf8 \uc9c0\uc5ed\uc740 \uc219\ubc15\uacfc \uad00\uad11\uc5c5 \ub4f1 \ud32c\ub370\ubbf9\uc73c\ub85c \uc778\ud574 \ud070 \ud0c0\uaca9\uc744 \uc785\uc740 \uc77c\ubd80 \uc0b0\uc5c5\uc5d0\uc758 \uc758\uc874\uc131\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \ub354 \ud06c\uae30 \ub54c\ubb38\uc5d0 \ud2b9\ud788 \ud53c\ud574\uac00 \uc2ec\uac01\ud588\ub2e4. \ud55c\ud3b8, \ucee4\ubba4\ub2c8\ucf00\uc774\uc158, \ubc18\ub3c4\uccb4, \ubc14\uc774\uc624\ud14c\ud06c \uc0b0\uc5c5\uc758 FDI\ub294 2020\ub144 \ud50c\ub7ec\uc2a4 \uc131\uc7a5\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n

\ud22c\uc790\uc790\ub4e4\uc758 \uc2e0\ub8b0 \ud68c\ubcf5\uc740 \uc2dc\uac04\uc774 \uc624\ub798 \uac78\ub9ac\uae30 \ub54c\ubb38\uc5d0, \uc5ed\uc0ac\uc801\uc73c\ub85c \uadf8\ub9b0\ud544\ub4dc FDI\ub294 GDP\uc640 \ubb34\uc5ed\ubcf4\ub2e4 \ubc18\ub4f1\uc5d0 \ub354 \uc624\ub79c \uc2dc\uac04\uc774 \uac78\ub838\uc73c\uba70, \uc774\ubc88\uc5d0\ub3c4 FDI\ub294 \uc11c\uc11c\ud788 \ud68c\ubcf5\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4. \ud68c\ubcf5\uc758 \uc18d\ub3c4\ub294 \ub610\ud55c \uc678\uad6d \uae30\uc5c5\uc5d0 \ub300\ud574 \ub3d9\ub4f1\uc131\uc744 \ubcf4\uc7a5\ud558\uace0, \ub2e4\ub978 \uad6d\uac00\uc5d0\uc11c \uacf5\uae09\ub9dd \ubd95\uad34\uc5d0 \uc9c1\uba74\ud55c \uae30\uc5c5\ub4e4\uc744 \uc720\uce58\ud558\uace0, \uacbd\uc81c \uc131\uc7a5\uc744 \ucd09\uc9c4\ud558\ub294 \ubd84\uc57c\uc5d0 \uc9d1\uc911\ud558\uace0, \uc678\uad6d\uc778\ud22c\uc790\ub97c \uc720\uce58\ud558\ub294 \ub2a5\ub825\uc744 \ud655\ub300\ud558\uace0, \ubb34\uc5ed \ubc0f \ud22c\uc790 \uc815\ucc45\uc744 \uc644\ud654\ud558\ub294 \ub4f1 \uc815\ubd80\uac00 FDI\uc5d0 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\ub294 \ub300\ucc45\uc744 \uc5bc\ub9c8\ub098 \uc2e0\uc18d\ud788 \ucd94\uc9c4\ud558\ub290\ub0d0\uc5d0 \ub530\ub77c \uc88c\uc6b0\ub420 \uac83\uc774\ub2e4.<\/p>\n

 <\/p>\n

\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014<\/p>\n

 <\/p>\n

\ucf54\ub85c\ub09819 \uc774\ud6c4 \uc138\uacc4\uc758 \uc724\uacfd\uc774 \uc11c\uc11c\ud788 \ub4dc\ub7ec\ub098\uace0 \uc788\ub2e4. PE \ud22c\uc790 \uc601\ud5a5\ub825\uc758 \uc99d\uac00, \ud22c\uc790\uc758 \uc9c0\uc5ed\ud654, \uae30\uc220\uc5d0 \ub300\ud55c \uc9d1\uc911 \ub4f1 \ucf54\ub85c\ub098 \ud32c\ub370\ubbf9 \uc774\uc804\ubd80\ud130 \uc788\uc5c8\ub358 \uc77c\ubd80 \ud2b8\ub80c\ub4dc\ub4e4\uc774 \uc790\uc5f0\uc2a4\ub7fd\uac8c \uc9c0\uc18d\ub418\uace0 \uc2ec\uc9c0\uc5b4 \uac00\uc18d\ud654\ub420 \uac83\uc774\ub2e4. \ud558\uc9c0\ub9cc \uc774 \ud32c\ub370\ubbf9\uc73c\ub85c \uc778\ud574 \uc18c\ube44\uc790 \ud589\ub3d9\uacfc \uae30\ud0c0 \ubd84\uc57c\uc5d0\uc11c \uae09\uaca9\ud55c \ubcc0\ud654\uac00 \ucd08\ub798\ub418\uace0 \uc788\uc73c\uba70 \uc774\ub294 \uc804 \uc138\uacc4 \ub2e4\uc591\ud55c \uc0b0\uc5c5\uc5d0 \uc720\uc785\ub418\ub294 \uae00\ub85c\ubc8c \uc790\ubcf8 \ud750\ub984\uc758 \uc591\uc0c1\uc5d0 \uc0c1\ub2f9\ud55c \uc601\ud5a5\uc744 \ubbf8\uce60 \uac83\uc774\ub2e4.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

\uc6d0\ubb38(\uc601\uc5b4) \ubcf4\ub7ec\uac00\uae30<\/a><\/p>\n

\"\ub274\uc2a4\ub808\ud130<\/a><\/p>\n

 <\/p>\n

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

\uae00\ub85c\ubc8c \ud22c\uc790 \uc790\ubcf8 \ud750\ub984\uc5d0 \uc788\uc5b4 \uc0c8\ub86d\uac8c \ubd80\uc0c1\ud558\ub294 \uc9c0\uc815\ud559\uc801, \uacbd\uc81c\ud559\uc801, \uae30\uc220\uc801 \ub9e5\ub77d\uc740 \ucf54\ub85c\ub098 \uc704\uae30 \uc774\uc804\uc758 \ud750\ub984\uacfc\ub294 \ub9e4\uc6b0 \ub2e4\ub974\uba74\uc11c\ub3c4 \ube44\uc2b7\ud55c \uc810\uc774 \uc788\ub2e4. \ud32c\ub370\ubbf9\uc740 PE \ud22c\uc790\uc758 \uc911\uc694\uc131 \uc0c1\uc2b9, \ud22c\uc790\uc758 \uc9c0\uc5ed\ud654, \uae30\uc220\uc5d0 \ub300\ud55c \uc9d1\uc911 \ub4f1 \uc774\ubbf8 \uc9c4\ud589 \uc911\uc774\ub358 \ud2b8\ub80c\ub4dc\ub97c \ub354\uc6b1 \uac15\ud654\uc2dc\ucf30\ub2e4.<\/p>\n","protected":false},"author":1,"featured_media":4418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[33,172],"tags":[164,165,120,166],"class_list":{"0":"post-4414","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fi-ins-pipe","8":"category-capability","9":"tag-pe","10":"tag-165","11":"tag-120","12":"tag-166"},"_links":{"self":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/4414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/comments?post=4414"}],"version-history":[{"count":2,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/4414\/revisions"}],"predecessor-version":[{"id":4451,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/4414\/revisions\/4451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media\/4418"}],"wp:attachment":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media?parent=4414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/categories?post=4414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/tags?post=4414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}