{"id":649,"date":"2018-07-26T17:26:40","date_gmt":"2018-07-26T08:26:40","guid":{"rendered":"https:\/\/bcgblog.kr\/?p=649"},"modified":"2020-04-29T14:35:45","modified_gmt":"2020-04-29T05:35:45","slug":"global-asset-management-2018-digital-metamorphosis","status":"publish","type":"post","link":"https:\/\/bcgblog.kr\/global-asset-management-2018-digital-metamorphosis\/","title":{"rendered":"\ub514\uc9c0\ud138 \ubcc0\uc2e0"},"content":{"rendered":"<p>\uc790\uc0b0\uc6b4\uc6a9\uc5c5\uc740 \uc0c8\ub85c\uc6b4 \ubaa8\uc2b5\uc73c\ub85c \ud0c8\ubc14\uafc8\ud558\uace0 \uc788\uc73c\uba70, \uc790\uc0b0\uc6b4\uc6a9\uc0ac \uc5ed\uc2dc \ub9c8\ucc2c\uac00\uc9c0\uc774\ub2e4. \uc774 \ubcf4\uace0\uc11c\ub294 \uc790\uc0b0\uc6b4\uc6a9 \uc0b0\uc5c5\uc758 \ud604\ud669\uacfc \ubb34\ud55c\ud55c \uc7a0\uc7ac\ub825\uc5d0 \ub300\ud574 \ubd84\uc11d\ud55c \ubcf4\uc2a4\ud1a4\ucee8\uc124\ud305 \uadf8\ub8f9\uc758 16\ubc88\uc9f8 \uc5f0\ub840 \ubcf4\uace0\uc11c\ub85c, \uc5c5\uacc4\uc758 \ubcc0\ud654\uc640 \uc7ac\uad6c\uc131\uc5d0 \ub300\ud55c \ub2e4\uc591\ud55c \ucd5c\uc2e0 \ub370\uc774\ud130 \ubc0f \uadf8 \ubd84\uc11d\ub0b4\uc6a9\uc744 \ub2e4\ub8e8\uace0 \uc788\ub2e4.<\/p>\n<p>\uae00\ub85c\ubc8c \uc790\uc0b0\uc6b4\uc6a9\uc740 2017\ub144 \uac15\ub825\ud55c \uc131\uc7a5\uc744 \uae30\ub85d\ud588\ub2e4. \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \ud638\ud669\uc5d0 \ud798\uc785\uc5b4, \uc790\uc0b0\uc6b4\uc6a9\uc5c5\uc740 \uc21c\uc720\uc785\uc561\uacfc \uc218\uc775\uc131 \ubd80\ubb38\uc5d0\uc11c \uc138\uacc4 \uae30\ub85d\uc744 \uacbd\uc2e0\ud588\ub2e4. \uc6b4\uc6a9\uc790\uc0b0\uaddc\ubaa8(AuM: assets under management)\ub294 \uc2ed \ub144 \ub9cc\uc5d0 \uac00\uc7a5 \ud070 \uc131\uc7a5\uc138\ub97c \ubcf4\uc600\ub2e4. 2017\ub144\uc758 \uac15\ub825\ud55c \uc2e4\uc801\uc740 \uadf8 \uc804\ub144\ub3c4\uc758 \uc9c0\uc9c0\ubd80\uc9c4\ud55c \uc2e4\uc801\uacfc \ube44\uad50\ud574 \ubcfc \ub54c \ud2b9\ud788 \uc8fc\ubaa9\ud560\ub9cc\ud558\ub2e4. 2016\ub144, \uae00\ub85c\ubc8c \ub9e4\ucd9c\uacfc \uc218\uc775 \ubaa8\ub450 2008\ub144 \uae08\uc735\uc704\uae30 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \ud558\ub77d\ud588\uace0 \ub9c8\uc9c4 \uc5ed\uc2dc \ucd95\uc18c\ub410\ub2e4. \ud558\uc9c0\ub9cc, 2017\ub144 \ubc18\ub4f1\uc131\uc7a5\uc758 \ub300\ubd80\ubd84\uc740 \uad6c\uc870\uc801\uc778 \uac83\uc774\ub77c\uae30\ubcf4\ub2e4\ub294 \uc2dc\uc7a5\uc8fc\ub3c4\uc801\uc778 \uac83\uc774\uc5c8\ub2e4. \uadf8 \uc774\uba74\uc5d0\uc11c, \ub9c8\uc9c4\uc5d0 \ub300\ud55c \uc555\ubc15(\uacc4\uc18d\ub418\ub294 \uc218\uc218\ub8cc \ucd95\uc18c\uc640 \ube44\uc6a9\uc555\ubc15\uc73c\ub85c \uc778\ud574)\uc740 \uacc4\uc18d\ub418\uace0 \uc788\uace0, \uacb0\uad6d\uc5d0 \uadf8\ub807\uac8c \ub420 \uc218\ubc16\uc5d0 \uc5c6\ub4ef, \uc5b8\uc820\uac00 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \uac15\uc138\uac00 \ub454\ud654\ub418\uac70\ub098 \uc57d\uc138\ub85c \ub3cc\uc544\uc120\ub2e4\uba74, \uadf8 \uc555\ubc15\uc740 \ub354\uc6b1 \uac70\uc138\uc9c8 \uac83\uc774\ub2e4.<\/p>\n<p>\uac00\uc7a5 \uc131\uacf5\uc801\uc778 \uae30\uc5c5\uc740 \uae30\uc5c5\uc758 \uc18c\uc720\uc790\uac00 \uacbd\uc601\ud560 \ubc95\ud55c \ubc29\uc2dd\uc73c\ub85c \uc0ac\uc5c5\uc744 \uacbd\uc601\ud558\ub294 \uae30\uc5c5\uc77c \uac83\uc774\ub2e4. \ube44\uc6a9\uc744 \uc5c4\uaca9\ud558\uac8c \uad00\ub9ac\ud558\uace0 \uadf8 \uc808\uac10\ubd84\uacfc2017\ub144 \uc77c\uc2dc\uc801\uc73c\ub85c \ubc8c\uc5b4\ub4e4\uc778 \uc218\uc775\uc740 \uc7ac\ud22c\uc790\ud560 \uac83\uc774\ub2e4. \uc774\ub807\uac8c \ud568\uc73c\ub85c\uc368, \ubbf8\ub798\uc5d0 \uc5b4\ub824\uc6b4 \uc0c1\ud669\uc774 \ub2e5\ucce4\uc744 \ub54c \uae30\uc5c5\uc744 \ubcf4\ud638\ud558\uace0, \ub2e4\uc74c \uc131\uc7a5\uc758 \ud30c\ub3c4\uc5d0 \ud544\uc694\ud55c \ubc1c\ud310\uc744 \ub2e4\uc2dc \ud55c\ubc88 \uc900\ube44\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p>\ub610 \ub2e4\ub978 \ubcc0\ud654\uc758 \uc2e0\ud638\uac00 \uc788\ub2e4. \ud22c\uc790\uc790\uc758 \uc0c1\ud488 \uc120\ud638\ub3c4\uac00 \uc804\ud1b5\uc801\uc778 \uc561\ud2f0\ube0c(active) \uc0c1\ud488\uc5d0\uc11c \ud328\uc2dc\ube0c(passive)\uc0c1\ud488, \uc194\ub8e8\uc158(solution), \uc2e4\ubb3c \uc790\uc0b0\uc73c\ub85c \ubcc0\ud654\ud568\uc5d0 \ub530\ub77c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\ub3c4 \uc774\ub7f0 \ud750\ub984\uc744 \ub530\ub974\uace0 \uc788\ub2e4. \uba87\uba87 \uae30\uc5c5\uc5d0\uc11c \u2018\uc2a4\ub9c8\ud2b8 \ubca0\ud0c0(smart beta)\u2019-\uc561\ud2f0\ube0c \uc694\uc18c\uac00 \uc788\ub294 \ud328\uc2dc\ube0c \uc0c1\ud488- \ub97c \uc810\uc810 \ub354 \uac15\ub825\ud558\uac8c \ucd94\uc9c4\ud558\ub294 \uac83\uc740 \uad11\ubc94\uc704\ud55c \ud328\uc2dc\ube0c \ud22c\uc790 \uacbd\ud5a5\ubcf4\ub2e4 \uc561\ud2f0\ube0c \ud22c\uc790\uc5d0 \ub354 \ud070 \uc704\ud611\uc774 \ub420 \uc218 \uc788\ub2e4. \ud558\uc9c0\ub9cc, \uacbd\uc7c1\ub825\uc744 \ud655\ubcf4\ud558\uae30 \uc704\ud574\uc11c\ub294, \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0 \ud22c\uc790\ud2b8\ub80c\ub4dc\uc5d0 \ud3b8\uc2b9\ud558\ub294 \uae30\uc5c5\ub4e4\ub3c4 \uc77c\uc815 \uaddc\ubaa8\ub97c \ub2ec\uc131\ud574\uc57c \ud558\uba70 \uc0c1\uc5c5\ud654\ub41c \uc811\uadfc\ubc95\uc744 \ucde8\ud574\uc57c \ud55c\ub2e4. \ubcc0\ud654\ud558\ub294 \uc0c1\ud488 \ud2b8\ub80c\ub4dc \uc18d\uc5d0\uc11c \ubc1c\uc804\uc744 \ub3c4\ubaa8\ud558\ub294 \uae30\uc5c5\ub4e4\uc5d0\uac8c \uc9c0\uae08 \uc0c1\ud488 \ub2e4\uac01\ud654\ub294 \uadf8 \uc5b4\ub290 \ub54c\ubcf4\ub2e4 \uc911\uc694\ud55c \ubb38\uc81c\uc774\ub2e4.<\/p>\n<p>\uc9c0\ub9ac\uc801\uc778 \ub2e4\uc591\uc131 \uc5ed\uc2dc \uc911\uc694\ud558\ub2e4. \uc138\uacc4\uc801\uc73c\ub85c \uc9c0\uc5ed \uc2dc\uc7a5\uc758 \ubcc0\ud654\uac00 \ub354\uc6b1 \uc228\uac00\uc058\uac8c \uc9c4\ud589\ub418\uace0 \uc788\ub2e4. 2017\ub144, \uc911\uad6d\uc2dc\uc7a5\uc774 \uc6b4\uc6a9\uc790\uc0b0 \uaddc\ubaa8\uc5d0\uc11c \uc138\uacc4 4\uc704\ub85c \ub6f0\uc5b4\uc624\ub974\uba70 \uc911\uad6d\uc758 \uc131\uc7a5\uacfc \uc7a0\uc7ac\ub825\uc740 \ub2e4\uc2dc \ud55c\ubc88 \uc8fc\ubaa9\uc744 \ubc1b\uc558\ub2e4. \uc911\uad6d \uc2dc\uc7a5\uc758 \ubd80\ubd84\uc801 \uac1c\ubc29\uacfc \uae09\uc18d\ud55c \uc131\uc7a5\uc73c\ub85c \uc778\ud574, \uc678\uad6d \uae30\uc5c5\ub4e4\uc758 \uace8\ub4dc\ub7ec\uc2dc(gold rush)\uac00\ub2a5\uc131\uc774 \ub354\uc6b1 \ucee4\uc9c0\uace0 \uc788\ub2e4. \ud558\uc9c0\ub9cc, \uc774 \uae30\uc5c5\ub4e4\uc758 \uc911\uad6d\uc2dc\uc7a5 \uc811\uadfc\uc5d0\ub294 \uc5ec\uc804\ud788 \uc81c\ud55c\uc774 \uc788\uc744 \uac83\uc774\uace0 \uadf8 \uc5ed\ud560\uc740 \ubc1c\uc804 \ucd08\uae30\ub2e8\uacc4\uc5d0 \uba38\ubb3c \uac83\uc774\ub2e4. \ud55c\ud3b8, \uad6d\ub0b4 \uc5c5\uccb4\ub4e4\uc740 \ube60\ub974\uac8c \ud601\uc2e0\ud558\uba74\uc11c-\uc885\uc885 \ud540\ud14c\ud06c \uae30\uc5c5\uacfc\uc758 \ud569\uc791\uc744 \ud1b5\ud574- \ud3ed\ubc1c\uc801\uc778 \uc131\uc7a5\uc744 \uac70\ub4ed\ud558\uace0 \uc788\ub2e4. \uc774\ub7f0 \uc131\uacfc\ub4e4\uc740 \uc5c5\uacc4 \uc9c4\uc785\uc5d0 \uc131\uacf5\ud55c \uae30\uc5c5\ub4e4\uc5d0\uac8c \ub3c4\uc804\uacfc\uc81c\uc778 \ub3d9\uc2dc\uc5d0 \uc0c8\ub85c\uc6b4 \uae30\ud68c\uac00 \ub41c\ub2e4.<\/p>\n<p>\ud558\uc9c0\ub9cc, \uc7ac\uad6c\uc131\uc758 \uac00\uc7a5 \ubcf8\uaca9\uc801\uc778 \ubd80\ubd84, \uc989 \ub514\uc9c0\ud138\uacfc \ubd84\uc11d\uae30\uc220 \ud601\uc2e0\uc758 \uc131\uc7a5\uc7a0\uc7ac\ub825\uc744 \uc644\uc804\ud55c \uc218\uc6a9\uc740 \uc544\uc9c1 \uc77c\uc5b4\ub098\uc9c0 \uc54a\uace0 \uc788\ub2e4. 79\uc870 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ud48d\ubd80\ud55c \uc790\uc6d0\uc774 \uc788\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc790\uc0b0\uc6b4\uc6a9\uc5c5\uc740 \ubc1c\ube60\ub974\uac8c \uc774 \ud601\uc2e0\uc758 \uc120\ubc1c\uc8fc\uc790\uac00 \ub418\uc9c0\ub294 \uc54a\uc558\ub2e4. \uc790\uc0b0\uc6b4\uc6a9\uc5c5\uacc4\uc5d0\uc11c \uac00\uc7a5 \uc120\ub450\uc8fc\uc790\uc778 \uc5c5\uccb4\uc758 \ub514\uc9c0\ud138 \uc790\uc0b0\ub3c4 \uc138\uacc4\uc801\uc778 \uc218\uc900\uc758 \ub514\uc9c0\ud138 \uae30\uc5c5\ub4e4-\uc544\ub9c8\uc874(Amazon), \uc54c\ub9ac\ubc14\ubc14(Alibaba), \uc560\ud50c(Apple)\uc5d0\uc11c \ubc14\uc774\ub450(Baidu), \ud398\uc774\uc2a4\ubd81(Facebook), \uad6c\uae00(Google)\uc5d0 \uc774\ub974\uae30\uae4c\uc9c0-\uc758 \uc6b4\uc601 \ud50c\ub7ab\ud3fc\uc774\ub098 \uace0\uac1d \ud50c\ub7ab\ud3fc\uc5d0 \ube44\ud558\uba74 \ud55c\ucc38 \ub4a4\uccd0\uc9c0\ub294 \uc218\uc900\uc774\ub2e4.\u00a0<sub>1<\/sub> \ud558\uc9c0\ub9cc \ub514\uc9c0\ud138\uacfc \ubd84\uc11d\uae30\uc220\uc740 \uacb0\uad6d \uc8fc\ub958\uac00 \ub420 \uac83\uc774\uace0, \uae30\uc5c5\ub4e4\uc740 \uae30\uc220\uc804\ubb38\uac00\ub97c \uace0\uc6a9\ud574 \uc0c8\ub85c\uc6b4 \ubd84\uc11d\uae30\uc220\uacfc \ub300\uccb4 \ub370\uc774\ud130\ub97c \uc2e4\ud5d8\ud558\uace0 \uc788\ub2e4. \ud604\uc7ac BCG\uc640 \uc77c\ud558\ub294 \ubaa8\ub4e0 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220\ub97c \uc544\uc820\ub2e4\uc5d0 \ud3ec\ud568\uc2dc\ud0a4\uace0 \uc788\ub2e4.<\/p>\n<p>\uc6b0\ub9ac\ub294 2018\ub144\uc774 \uc774\ub7f0 \ubcc0\ud601\uc5d0 \uc788\uc5b4\uc11c \ud558\ub098\uc758 \ubcc0\uace1\uc810\uc774 \ub418\uc5b4, \uc55e\uc73c\ub85c \ub354\uc6b1 \ub9ce\uc740 \ubcc0\ud654\uac00 \uc77c\uc5b4\ub0a0 \uac83\uc73c\ub85c \uc804\ub9dd\ud55c\ub2e4. \uc55e\uc73c\ub85c 5\ub144 \ud6c4\uba74, \ubd80\ubd84\uc801\uc73c\ub85c\ub294 \ub514\uc9c0\ud138 \ud601\uc2e0 \ub54c\ubb38\uc5d0, \ub610 \ubd80\ubd84\uc801\uc73c\ub85c\ub294 \uc2dc\uc7a5\uc758 \uad6c\uc870\uc801\uc778 \ubcc0\ud654\ub85c \uc778\ud574, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ud604\uc7ac\uc640\ub294 \uc644\uc804\ud788 \ub2e4\ub978 \ubaa8\uc2b5\uc77c \uac83\uc774\ub2e4.<\/p>\n<p>\uc774\ub7f0 \uc911\ub300\ud55c \ubcc0\ud654\uac00 \ubaa8\ub4e0 \ubd80\ubb38\uc5d0\uc11c \uc2e4\ud604\ub418\uae30 \uc704\ud574\uc11c\ub294, \ub300\ubd80\ubd84\uc758 \uae30\uc5c5\ub4e4\uc774 \uc560\uc790\uc77c(agile) \uc5c5\ubb34\ubc29\uc2dd-\uc18c\ud504\ud2b8\uc6e8\uc5b4 \uac1c\ubc1c\uc5c5\uccb4\ub4e4\uc774 \uc0c1\ud488\uac1c\ubc1c\uc744 \uc2e0\uc18d\ud558\uac8c \ud558\uae30 \uc704\ud574 \uace0\uc548\ud55c \ubc29\ubc95-\uc744 \ub3c4\uc785\ud574\uc57c \ud560 \uac83\uc774\ub2e4. \ub300\ubd80\ubd84\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc0ac\uc77c\ub85c(silo) \uc870\uc9c1\uc774\uc9c0\ub9cc, \uc560\uc790\uc77c \ubc29\uc2dd\uc744 \uae30\ubcf8\uc73c\ub85c \ud558\ub294 \ud611\uc5c5\uacfc \ubb38\uc81c\ud574\uacb0\ud504\ub85c\uc138\uc2a4\ub97c \ud1b5\ud574 \uc804\ud1b5\uc801\uc778 \uc0ac\uc77c\ub85c\ub97c \ubb34\ub108\ub728\ub9ac\uace0 \ubcc0\ud654\ub97c \uc778\uc2dd\ud558\uace0, \uc2dc\ud5d8\ud558\uace0, \uc2e4\ud589\ud558\ub294 \ud504\ub85c\uc138\uc2a4\ub97c \ub354\uc6b1 \ube68\ub9ac \uc9c4\ud589\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \uc774\ub294 \uacb0\uad6d \uaddc\ubaa8\uc5d0\uc11c\ub294 \uc791\uc9c0\ub9cc, \uc778\uc7ac\ub294 \ud48d\ubd80\ud55c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc758 \ud6a8\uc728\uc131\uc744 \ub192\uc774\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub420 \uac83\uc774\ub2e4.<\/p>\n<p>\ub9c8\uc9c0\ub9c9\uc73c\ub85c, \ub514\uc9c0\ud138\uacfc \ubd84\uc11d\uae30\uc220\uc758 \ubc1c\uc804\uc774 \uc2dc\uc7a5\uc744 \uc7ac\ud3b8\ud558\uace0 \uc788\ub294\ub370, \uc774\ub294 \ud601\uc2e0\uc758 \uc120\ub450\uc8fc\uc790\ub4e4\uc5d0\uac8c \ub3c4\uc57d\ud560 \uc218 \uc788\ub294 \uae30\ud68c\ub97c \ub9cc\ub4e4\uc5b4 \uc8fc\ub294 \ub3d9\uc2dc\uc5d0 \ub4a4\uccd0\uc9c0\ub294 \uc774\ub4e4\uc5d0\uac8c\ub294 \uadf9\ubcf5\ud574\uc57c \ud558\ub294 \ub3c4\uc804\uacfc\uc81c\uac00 \ub41c\ub2e4. \uae30\uc5c5\ub4e4\uc740 \uc804\uc790\uac00 \ub418\uae30 \uc704\ud574 \ub2f9\uc7a5 \ud589\ub3d9\ud558\uace0 \ud6c4\uc790\uc5d0 \uc18d\ud574 \ub4a4\uccd0\uc9c0\ub294 \uc77c\uc774 \uc0dd\uae30\uc9c0 \uc54a\ub3c4\ub85d \ud574\uc57c \ud55c\ub2e4.<\/p>\n<p>\uc8fc\uc2dd\uc2dc\uc7a5\uc758 \uc131\uc7a5\uc138\uac00 2018\ub144 \ucd08\ubd80\ud130 \uc2dc\uc791\ud574 \uc11c\uc11c\ud788 \ub454\ud654\ub418\uba74\uc11c, \uc131\uc7a5\uc138\ub294 \ub354 \ub0ae\uc544\uc9c8 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc790\uc0b0 \uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ucd08\uac15\uc138\uc600\ub358 \uc804\ub144\ub3c4 \uc2e4\uc801\uc744 \ucd5c\ub300\ud55c \uc774\uc6a9\ud574, \uc790\ubcf8\uacfc \uc778\uc7ac\ub97c \ud65c\uc6a9, \ubbf8\ub798\uc758 \uc131\uc7a5\uc5d0 \uc7ac\ud22c\uc790\ud574\uc57c \ud560 \uac83\uc774\ub2e4. \uc18c\uc720\uc790\uc758 \uc785\uc7a5\uc5d0\uc11c \uc7a5\uae30\uc801\uc73c\ub85c \uc0dd\uac01\ud558\ub294 \ub2a5\ub825\uc740 \uc5c5\uacc4\uc758 \ub099\uc624\uc790\uc640 \uc2b9\uc790\ub97c \uac00\ub9ac\ub294 \ucc28\ubcc4\ud654 \uc694\uc18c\uac00 \ub420 \uac83\uc774\ub2e4.<\/p>\n<p>\uae08\ub144\ub3c4 \ubcf4\uace0\uc11c\uc758 \uae30\ucd08\uc790\ub8cc\uac00 \ub41c \ubca4\uce58\ub9c8\ud0b9 \uc11c\ubca0\uc774\ub294 \uae00\ub85c\ubc8c \uc6b4\uc6a9\uc790\uc0b0\uc758 65%\uc774\uc0c1\uc744 \ub2f4\ub2f9\ud558\ub294 \ucd1d 48\uc870\ub2ec\ub7ec \uaddc\ubaa8\uc758 165\uac1c\uc758 \uc120\ub3c4 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc744 \ub300\uc0c1\uc73c\ub85c \uc774\ub8e8\uc5b4\uc84c\uc73c\uba70 \uc5c5\uccb4 \ubcc4\ub85c 3000 \ub370\uc774\ud130 \ud3ec\uc778\ud2b8 \uc774\uc0c1\uc744 \ud3ec\ud568\ud588\ub2e4. \uc5ed\uc678\uc790\uc0b0\uc744 \ud3ec\ud568 \uc804\uc138\uacc4 44\uac1c \uc2dc\uc7a5\uc758 \uc790\uc0b0\uc744 \ud3c9\uac00\ud588\ub2e4. \uc5f0\ub840 \uc870\uc0ac\uc758 \ubaa9\uc801\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc758 \ud604\ud669\uacfc \uc218\uc775\uc131 \uc6d0\ucc9c\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \uc778\uc0ac\uc774\ud2b8\ub97c \uc81c\uacf5\ud574 \uc6b4\uc6a9\uc0ac\ub4e4\uc774 \ub354 \ud48d\uc694\ub85c\uc6b4 \ubbf8\ub798\ub85c \ub098\uc544\uac08 \uc218 \uc788\ub3c4\ub85d \ub3d5\ub294 \uac83\uc774\ub2e4.<\/p>\n<p><strong>\ucc38\uc870<\/strong><br \/>\n1. \uc0ac\uc2e4\uc0c1, \uc790\uc0b0\uc6b4\uc6a9\uc5c5\uc740 \ub370\uc774\ud130, \ubd84\uc11d\uae30\uc220, \uc790\uccb4 \ub514\uc9c0\ud138\ud654\uc5d0 \uc788\uc5b4 \ud22c\uc790 \ub370\uc774\ud130\uac00 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uacfc \uace0\uac1d \uc0c1\ud488\uc81c\uc548\uc758 \uc6d0\ucc9c\uc784\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0.\ub2e4\ub978 \ub300\ubd80\ubd84\uc758 \uc0b0\uc5c5\ub4e4\uc5d0 \ube44\ud574 \ub4a4\uccd0\uc838 \uc788\ub2e4. \uc790\uc0b0\uc6b4\uc6a9\uc5c5\uc740, BCG\uc640 Morgan Stanley \ubcf4\uace0\uc11c\uc5d0 \ub530\ub974\uba74, \ub514\uc9c0\ud138\ud654 \uce21\uba74\uc5d0\uc11c 34\uac1c \uc0b0\uc5c5 \uc911 24\uc704\uc774\ub2e4. (2017\ub144 5\uc6d4 BCG \uae30\uc0ac \u2018Data Analytics for Financial Institutions: The Journey from Insight to Value\u2019 \ucc38\uc870.)<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>\uc5c5\uacc4 \ud604\ud669<\/strong><\/h3>\n<p>\uc790\uc0b0\uc6b4\uc6a9\uc5c5\uc758 \uc131\uc7a5\uc740 2017\ub144 \uac00\uc18d\ud654\ub418\uc5b4 \uc21c\uc720\uc785\uc561\uacfc \uc218\uc775\uc131 \uba74\uc5d0\uc11c \uc138\uacc4 \uae30\ub85d\uc744 \ub2ec\uc131\ud588\ub2e4. 1 \uc791\ub144 \ud55c \ud574 \ub3d9\uc548, \uc6b4\uc6a9\uc790\uc0b0(AuM: assets under management)\uc740 \uc2ed \ub144 \ub9cc\uc5d0 \uac00\uc7a5 \ud070 \uc131\uc7a5\uc138\ub97c \uae30\ub85d\ud588\ub2e4.<\/p>\n<p>2017\ub144 \uae30\ub85d\uc801\uc778 \uc218\uc775\uc131\uacfc \ub9c8\uc9c4\uac1c\uc120\uc740 \ub300\ubd80\ubd84 \uae08\uc735\uc2dc\uc7a5\ud22c\uc790 \ubc0f \uad00\ub828 \uc21c\uc720\uc785\uc561\uc758 \uac15\uc138\ub85c \uc778\ud55c \uac83\uc73c\ub85c, \ub300\ub2e4\uc218\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 \uc5ec\uc804\ud788 \uc2dc\uc7a5\ubcc0\ud654\uc5d0 \uc88c\uc6b0\ub418\uace0 \uc788\ub2e4\ub294 \uc99d\uac70\uc774\ub2e4. \uacb0\uad6d \ubaa8\ub4e0 \uc2dc\uc7a5\uc774 \uadf8\ub7f4 \uc218 \ubc16\uc5d0 \uc5c6\ub4ef\uc774 \ud65c\ud669\uc774 \ub05d\ub0ac\uc744 \ub54c, \uacb0\uad6d \uc0b4\uc544\ub0a8\uc744 \uc218 \uc788\ub294 \uac83\uc740 \uc18c\uc720\uc790\uc758 \ub9c8\uc74c\uac00\uc9d0\uc73c\ub85c \ube44\uc6a9\uad00\ub9ac, \ub9c8\uc9c4\ubcf4\ud638, \ubbf8\ub798\uc131\uc7a5\uc5d0 \ud22c\uc790\ud558\uba74\uc11c, \ube44\uc988\ub2c8\uc2a4\ub97c \uc774\ub04c\uc5b4\uc628 \uae30\uc5c5\ub4e4\uc77c \uac83\uc774\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\uc804\uc138\uacc4 \uc6b4\uc6a9\uc790\uc0b0 79.2\uc870 \ub2ec\ub7ec\ub85c \uc131\uc7a5\ud558\ub2e4<\/strong><\/span><\/h3>\n<p>\uc804\uc138\uacc4 \uc6b4\uc6a9\uc790\uc0b0\uc758 \uac00\uce58\ub2942016\ub144 71\uc870 \ub2ec\ub7ec\uc600\ub358 \uac83\uc774, 2017\ub144\uc5d0 12% \uc131\uc7a5\ud574 79.2\uc870\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4. (\ubcf4\uae30 1 \ucc38\uc870.) \uc774\ub294 2009\ub144, \uc790\uc0b0\uac00\uce58\uac00 \uadf8 \uc804\ub144\ub3c4 \uc804\uc138\uacc4 \uae08\uc735\uc704\uae30\uc5d0\uc11c \ubc18\ub4f1\ud588\ub358 \uc774\ud6c4 \uac00\uc7a5 \ud070 \uc131\uc7a5\uc138\uc600\ub2e4.\u00a0<sub>2<\/sub><\/p>\n<p>2017\ub144 \uc6b4\uc6a9\uc790\uc0b0 \uc99d\uac00\ub294 \ubd80\ubd84\uc801\uc73c\ub85c, \uae08\uc735\uc2dc\uc7a5 \ud638\ud669\uc73c\ub85c \uc778\ud55c \ud22c\uc790\uc561 \uc0c1\uc2b9\uc744 \ubc18\uc601\ud588\ub2e4. \ud558\uc9c0\ub9cc, \ub354\uc6b1 \uc8fc\ubaa9\ud560\ub9cc\ud55c \uac83\uc740 \uad00\ub828 \uc21c\uc790\uc0b0\uc720\uc785\uc774 \ud3ed\ub4f1\ud55c \uac83\uc774\uc5c8\ub2e4. \uc21c\uc720\uc785\uc561\uc740 2017\ub144 \ucd08 \uc804\uccb4 \uc6b4\uc6a9\uc790\uc0b0\uc758 3.1%\uc5d0 \ud574\ub2f9\ud588\uc73c\uba70, \uc774\ub294 \uc804\ub144\ub3c4 \uc5f0\uac04\uc720\uc785\uc561\uc774 1.5%\uc778 \uac83\uacfc \ube44\uad50\ub41c\ub2e4. 2017\ub144 \uc21c\uc720\uc785\uc561\uc740 \uae08\uc735\uc704\uae30 \uc774\ud6c4 \uac00\uc7a5 \ub192\uc558\uc73c\uba70 \uac70\uc758 \uae08\uc735\uc704\uae30 \uc774\uc804 \uc218\uc900\uc5d0 \ub3c4\ub2ec\ud588\ub2e4.<\/p>\n<p>\uc6b4\uc6a9\uc790\uc0b0\uc740 \ub9ac\ud14c\uc77c(retail)\ubc0f \uae30\uad00\ud22c\uc790 \ubd80\ubb38 \ubaa8\ub450\uc5d0\uc11c \uae09\ub4f1\ud588\uc9c0\ub9cc, \ud2b9\ud788 \ub9ac\ud14c\uc77c \ubd80\ubb38\uc758 \uc131\uc7a5\uc774 \uac15\ub825\ud588\ub2e4. \uc804\uccb4 \uc6b4\uc6a9\uc790\uc0b0\uc5d0\uc11c \uc774 \ubd80\ubb38\uc758 \ube44\uc911\uc740 2016\ub144 37.5%\uc5d0\uc11c 2017\ub144 39%\ub85c \uc131\uc7a5\ud588\ub2e4. 2017\ub144 \ub9ac\ud14c\uc77c \uc21c\uc720\uc785\uc740 2015\ub144 3%, 2016\ub144 2%\uc5d0 \ube44\ud574 \uac70\uc758 3\ubc30 \uc131\uc7a5\ud574 5.3%\uc5d0 \ub2ec\ud588\ub2e4. \uae30\uad00 \ud22c\uc790\ub294 \ud655\uc815\uae30\uc5ec\ud615 \uc5f0\uae08\uc5d0\uc11c \uac00\uc7a5 \ud070 \uc131\uc7a5\uc138\ub97c \ubcf4\uc600\uc73c\uba70, \uc804\uc138\uacc4 \uc6b4\uc6a9\uc790\uc0b0\ub300\ube44 \uae30\uad00\ubd80\ubb38\uc758 \ube44\uc911\uc774 \uc804\ub144\ub3c4 \ub300\ube44 14.2%\uc5d0\uc11c 14.5%\ub85c \uc99d\uac00\ud55c \uc720\uc77c\ud55c \ubd80\ubd84\uc774\uc5c8\ub2e4.<\/p>\n<p><strong>\ubcf4\uae30 1.<\/strong> \uae00\ub85c\ubc8c \uc6b4\uc6a9\uc790\uc0b0\uaddc\ubaa8\ub294 2017\ub144 \uae30\ub85d\uc801\uc778 \uc21c\uc720\uc785\uc561\uc5d0 \ud798\uc785\uc5b4 79.2 \uc870 \ub2ec\ub7ec\ub85c \uc0c1\uc2b9\ud588\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-658 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e01-2.png\" alt=\"\" width=\"942\" height=\"539\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e01-2.png 942w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e01-2-300x172.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e01-2-768x439.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e01-2-696x398.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e01-2-734x420.png 734w\" sizes=\"auto, (max-width: 942px) 100vw, 942px\" \/><\/p>\n<p>\uae30\uad00\ubd80\ubb38\uc758 \uc2e4\uc801\uc774 \uac00\uc7a5 \uc800\uc870\ud55c \ubd80\ubb38\uc740 \ubcf4\ud5d8 \ubd80\ubb38\uc73c\ub85c \uc6b4\uc6a9\uc790\uc0b0\uc774 \uaca8\uc6b0 5%\uc758 \uc131\uc7a5\uc744 \uae30\ub85d\ud588\uace0 \uae00\ub85c\ubc8c \uc6b4\uc6a9\uc790\uc0b0 \ube44\uc911\uc740 1% \uc904\uc5b4\ub4e4\uc5c8\ub2e4. \uc774\ub7f0 \uacb0\uacfc\ub294 \ucea1\ud2f0\ube0c(captive)\ubcf4\ud5d8\uc774\ub098 \uc678\ubd80 \ubcf4\ud5d8 \ubaa8\ub450\uc5d0 \uc788\uc5b4\uc11c, \ubcf4\ud5d8\uc0ac\uc640 \uadf8 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 \uc9c1\uba74\ud55c \uad6c\uc870\uc801\uc778 \ubb38\uc81c\uc810\uc744 \ubd80\uac01\uc2dc\ud0a8\ub2e4. (\u2018\ubcf4\ud5d8\uc0ac\uc640 \uc790\uc0b0\uc6b4\uc6a9\uc0ac, \uc0c1\ud638\uc131\uc7a5\uc758 \uc0c8\ub85c\uc6b4 \uc804\ub7b5\uc744 \ud568\uaed8 \uad6c\uc0c1\ud558\ub2e4\u2019 \ucc38\uc870)<\/p>\n<p>\uc804\uc138\uacc4\uc801\uc73c\ub85c \ubcf4\uba74, 2017\ub144 \uae30\ub85d\uc801\uc778 \uc21c\uc720\uc785\uc561\uc740 \ub9ac\ud14c\uc77c \ud22c\uc790\uc790\ub4e4\uc774 \ub354 \ub9ce\uc740 \uc790\uae08\uc744 \ud22c\uc790\uc5d0 \ubc30\ubd84\ud558\uac8c \ud55c \uc2dc\uc7a5\ud638\ud669, \uc911\uad6d\uc73c\ub85c \ub300\ud45c\ub418\ub294 \uac1c\ubc1c\ub3c4\uc0c1\uad6d\uc5d0\uc11c\uc758 \ubd80\uc758 \uc131\uc7a5, \ud1f4\uc9c1\ub300\ube44\ub97c \uc704\ud55c \uc5f0\uae08\uc0c1\ud488\ud22c\uc790 \uc9c0\uc18d, \ub4f1 \uc138 \uac00\uc9c0 \ud2b8\ub80c\ub4dc\ub85c \uc778\ud574 \uc790\uc0b0\uad00\ub9ac \uc0c1\ud488\uc758 \ubcf4\uae09\uc774 \uc99d\uac00\ud588\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.<\/p>\n<p>\uc8fc\uc2dd\uc2dc\uc7a5\uc758 \uc131\uc7a5\uc774 \ub454\ud654\ub418\uba74, \uc21c\uc790\uc0b0\ud750\ub984\uc740 \ub354 \ub0ae\uc740 \uc218\uc900\uc73c\ub85c \ub3cc\uc544\uac08 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4. 2018\ub144 1\uc0ac\ubd84\uae30\uc5d0 \uc774\ubbf8 \ub454\ud654\uc758 \uc870\uc9d0\uc774 \uc788\uc5c8\ub2e4. \ub871 \uc628\ub9ac(long-only)\uc804\ub7b5\uc744 \ucd94\uc9c4\ud55c \uae30\uad00 \uc790\uc0b0 \uc6b4\uc6a9\uc0ac\ub4e4\uc740 2017\ub144 4\ubd84\uae30 \uc5f0\uc18d \ud751\uc790\ub97c \uae30\ub85d\ud588\uc5c8\uc9c0\ub9cc, 2018\ub144 1\uc0ac\ubd84\uae30\uc5d0 \uc21c\uc720\ucd9c\uc561\uc744 \uae30\ub85d\ud588\ub2e4. \ubba4\ucd94\uc5bc \ud380\ub4dc \uc720\uc785\uc561\uc740 2018\ub144 4\uc6d4 \ub9d0\uae4c\uc9c0 \ub300\ubd80\ubd84\uc758 \uc2dc\uc7a5\uc5d0\uc11c \uc5ec\uc804\ud788 \uac15\uc138\ub97c \uc720\uc9c0\ud558\uba74\uc11c 2017\ub144 \ub9d0 \uc6b4\uc6a9\uc790\uc0b0\uc758 1.3%\ub97c \ucc28\uc9c0\ud588\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\ubcf4\ud5d8\uc0ac\uc640 \uc790\uc0b0\uc6b4\uc6a9\uc0ac, \uc0c1\ud638\uc131\uc7a5\uc758 \uc0c8\ub85c\uc6b4 \uc804\ub7b5\uc744 \ud568\uaed8 \uad6c\uc0c1\ud558\ub2e4<\/strong><\/span><\/h3>\n<p>\uae00\ub85c\ubc8c \ubcf4\ud5d8\uc0b0\uc5c5\uc758 \uc9c0\uc9c0\ubd80\uc9c4\ud55c \uc790\uc0b0\uc131\uc7a5\uc740 \ubcf4\ud5d8\uc0ac\uc640 \uadf8 \ubcf4\ud5d8\uc0ac\uc5d0\uac8c \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub294 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \uc9c1\uba74\ud55c \uc5ec\ub7ec \uacfc\uc81c\ub4e4 \uc911 \ud558\ub098\uc5d0 \ubd88\uacfc\ud558\ub2e4. \uaddc\uc81c\uc555\ub825, \uc2dc\uc7a5 \ubcc0\ub3d9\uc131, \uc9c0\uc18d\uc801\uc778 \uc800\uc218\uc775\uae30\uc870 \uc5ed\uc2dc \ubcf4\ud5d8\uc0ac\uc758 \uc804\ud1b5\uc801\uc778 \ud22c\uc790\ubaa8\ub378\uc774 \ucc3d\ucd9c\ud558\ub294 \uc218\uc775\uc744 \uc81c\ud55c\ud558\uace0 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \uc2e4\ud604\ud558\ub294 \uac00\uce58\ub97c \uc81c\ud55c\ud558\ub294 \ub370 \ud55c\ubaab\uc744 \ud588\ub2e4.<\/p>\n<p>\uc774 \uacfc\uc81c\ub4e4\uc744 \ud574\uacb0\ud558\uae30 \uc704\ud574, \uc77c\ubd80 \ubcf4\ud5d8\uc0ac\uc640 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4-\ucea1\ud2f0\ube0c \ubc0f \uc678\ubd80 \ubcf4\ud5d8 \ubaa8\ub450- \uc11c\ub85c\uc758 \uc774\uc775\uc744 \uc704\ud574 \ud30c\ud2b8\ub108\uc2ed\uc744 \ub9fa\ub294\ub370 \uc788\uc5b4 \uc0c8\ub86d\uace0 \uacfc\uac10\ud55c \ubc29\uc2dd\uc744 \uc2dc\ub3c4\ud558\uace0 \uc788\ub2e4. \ud611\uc5c5\uc744 \ud1b5\ud574 \uc30d\ubc29 \ubaa8\ub450\uc758 \uc131\uc7a5\uacfc \ub9e4\ucd9c\ud750\ub984\uc744 \ucd09\uc9c4\ud558\ub294 \uc0c8\ub85c\uc6b4 \uc0c1\ud488, \uc11c\ube44\uc2a4, \uc5ed\ub7c9\uc744 \ucc3e\uc544\ub0b4\uace0 \ubc1c\uc804\uc2dc\ucf1c \ub098\uac00\ub294 \uac83\uc774\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\ud611\uc5c5\uc758 \uc138 \uac00\uc9c0 \ubaa9\uc801<\/strong><\/span><\/h3>\n<p>\uc0dd\uba85\ubcf4\ud5d8\uc0ac\ub4e4\uc740 \uc774 \ud611\ub825\uc744 \ud1b5\ud574 \uc138 \uac00\uc9c0 \ubaa9\uc801\uc744 \ucd94\uad6c\ud55c\ub2e4. \uc0c8\ub85c\uc6b4 \uc218\uc775\uc6d0\ucc9c\uc5d0 \uc811\uadfc\ud560 \uc218 \uc788\ub294 \ud2b9\uad8c \ud655\ubcf4, \ub808\uac70\uc2dc \uc7a5\ubd80(legacy book)\uc5d0\uc11c \uc790\ubcf8 \ud574\uc18c, \ub9ac\ud14c\uc77c \uc800\ucd95 \ubc0f \uc7ac\ubb34\uad00\ub9ac, \ud655\uc815\uae30\uc5ec\ud615 \uc5f0\uae08, \ubcf4\uc7a5\uc131 \uc0c1\ud488 \ub4f1, \uc694\uad6c\uc790\ubcf8\uc774 \uc801\uc740(capital-light) \ud65c\ub3d9\uc744 \uc911\uc2ec\uc73c\ub85c \ud558\ub294 \uc0c8\ub85c\uc6b4 \ube44\uc988\ub2c8\uc2a4 \ubc1c\uad74\uc774 \uadf8\uac83\uc774\ub2e4.<\/p>\n<p>\uc790\uc0b0 \uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc774\ub7f0 \ud611\ub825\uc744 \ud1b5\ud574 \uacfc\uac70\uc5d0 \ubcf4\ud5d8\uc0ac\ub4e4\uc744 \uc0c1\ub300\ub85c \uac1c\ubc1c\ud588\ub358 \ub300\ubd80\ubd84\uc758 \uace0\uc815\uc218\uc775\uae30\ubc18 \uc0c1\ud488\uc5d0\uc11c \ub354 \ub098\uc544\uac00 \ub9e4\ucd9c\uc6d0\uc744 \ud655\ub300 \ubc0f \ub2e4\uac01\ud654\ud558\uace0\uc790 \ud55c\ub2e4. \uc774\ub7f0 \ubcc0\ud654\ub97c \uc704\ud574\uc11c\ub294 \ub9e4\ub825\uc801\uc778 \uc790\uc0b0\uc5d0 \ub300\ud55c \uc0c8\ub85c\uc6b4 \ud22c\uc790 \uc804\ubb38\uc131\uc744 \uac1c\ubc1c\ud558\ub294 \ub3d9\uc2dc\uc5d0, \uc774\ub7f0 \uc81c\uc548\uc774 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc758 \uc0c8\ub85c\uc6b4 \uc790\uae08\uc720\uc785\uc758 \uc8fc \uc6d0\ucc9c\uc778 \uc368\ub4dc\ud30c\ud2f0(third party) \ud22c\uc790\uc790\ub4e4\uc758 \uc8fc\uc758\ub97c \ub04c \ub9cc\ud55c \uaddc\ubaa8\uc5d0 \uc2e0\uc18d\ud788 \ub3c4\ub2ec\ud560 \uc218 \uc788\ub3c4\ub85d \ud574\uc57c \ud55c\ub2e4.<\/p>\n<p>\ud558\uc9c0\ub9cc, \uc11c\ub85c\uc5d0\uac8c \uc774\ub4dd\uc774 \ub420 \uc218 \uc788\ub3c4\ub85d \ud611\ub825\ud574 \ub098\uac00\ub294 \uac83\uc740 \ubcf4\ud5d8\uc0ac\uc640 \uadf8 \ubcf4\ud5d8\uc0ac\uc640 \uc81c\ud734\ud55c \uc790\uc0b0\uc6b4\uc6a9\uc0ac \uac04\uc758 \uc804\ud1b5\uc801\uc778 \ucea1\ud2f0\ube0c \uad00\uacc4\uc640 \uc774\ub4e4\uc774 \ubcf4\ud1b5\uc740 \uace0\uc2ec\ud574\uc11c \uc11c\ub85c \ub2e4\ub978 \uc6b0\uc120\uc21c\uc704\ub97c \uc815\ub9ac\ud574\uc57c \ud558\ub294 \ud544\uc694\uc131\uc744 \uc0dd\uac01\ud574\ubcf4\uba74, \uc808\ub300 \uac04\ub2e8\ud55c \uc77c\uc774 \uc544\ub2c8\ub2e4. \ubcf4\ud5d8\uc0ac\ub4e4\uc740 \uadf8\ub4e4\uc758 \ud22c\uc790 \uc6b0\uc120\uc0ac\ud56d\uacfc \ucd5c\uc885\uace0\uac1d\ub4e4\uc758 \uc6b0\uc120\uc21c\uc704\uc5d0 \ub9de\ub294 \ucd5c\uc800\uac00\uc758 \uc194\ub8e8\uc158\uc744 \uac1c\ubc1c\ud558\uace0 \uc2f6\uc5b4\ud55c\ub2e4. \ub610\ud55c \uc790\uc0b0 \uc6b4\uc6a9\uc0ac\uc758 \ucd5c\ub300 \uace0\uac1d\uc73c\ub85c\uc11c\uc758 \uc9c0\uc704\uc5d0 \uac78\ub9de\uac8c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 \uc774\uc5d0 \ub300\ud55c \uc9c0\uc6d0\uc744 \uc544\ub07c\uc9c0 \uc54a\uae30\ub97c \uc6d0\ud55c\ub2e4. \ubc18\uba74, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ubcf4\ud5d8\uc0ac \uc678\uc5d0\ub3c4 \uc790\uae08 \uc720\uc785\uc758 \uc6d0\ucc9c\uc744 \ub2e4\uc591\ud558\uac8c \ud574\uc57c \ud558\uba70, \ubcf4\ud5d8\uc0ac\uac00 \uc774\ub97c \uc9c0\uc9c0\ud574\uc8fc\uae30\ub97c \ubc14\ub780\ub2e4.<\/p>\n<p>\uc720\ud1b5\uc5c5\uccb4\uc640 \uaddc\uc81c\ub2f9\uad6d \ub4f1\uc758 \uc2dc\uc7a5 \uc694\uc18c\ub4e4 \uc5ed\uc2dc \uacf5\ub3d9\uc758 \uace0\uac1d\uc5d0 \ub300\ud574 \ubcf4\ud5d8\uc0ac\uc640 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \uc11c\ub85c \ubc18\ub300\uc758 \uc785\uc7a5\uc5d0 \uc11c\uac8c \ud558\ub294 \ub370 \uc77c\uc870\ud55c\ub2e4. \ub9ac\ud14c\uc77c \uc800\ucd95\uc2dc\uc7a5\uc5d0\uc11c, \ubcc4\ub3c4\ub85c \uac1c\ubc1c\ub418\uace0 \uc720\ud1b5\ub418\ub294 \uc0c1\ud488\uc81c\uc548\uc73c\ub85c \uc778\ud574 \ud55c \uace0\uac1d\uc790\uc0b0\uc744 \ub450\uace0 \ubcf4\ud5d8\uc0ac\uc640 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 \uc9c1\uc811\uc801\uc778 \uacbd\uc7c1\uc744 \ud558\uae30\ub3c4 \ud55c\ub2e4. \uc9c1\uc7a5\uc5f0\uae08 \uc601\uc5ed\uc5d0\uc11c\ub3c4, \uc2dc\uc7a5\uacfc \uad00\ub828 \uaddc\uc81c\ub294 \ubaa8\ub450 \uac00\ub2a5\ud55c \uc801\uc740 \ube44\uc6a9\uc73c\ub85c \ub192\uc740 \uc2e4\uc801\uc744 \ub0bc \uc218 \uc788\ub294 \uc790\uc0b0\uad00\ub9ac\uc194\ub8e8\uc158\uc744 \ub3c4\ucd9c\ud560 \uac83\uc744 \uc694\uad6c\ud55c\ub2e4. \uc774\ub85c \uc778\ud574 \ubcf4\ud5d8\uc0ac\ub294 \uc810\uc810 \ub354 \ucea1\ud2f0\ube0c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 \uc81c\uc548\ubcf4\ub2e4 \uc678\ubd80 \uc0c1\ud488\uc5d0 \uc758\uc874\ud558\uac8c \ub420 \uc218 \uc788\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\uc138 \uac00\uc9c0 \uac1c\ubc1c \ubaa8\ub378<\/strong><\/span><\/h3>\n<p>\ubcf4\ud5d8\uc0ac\uc640 \uadf8 \ubcf4\ud5d8\uc0ac\uac00 \uc81c\ud734\ud55c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc5b4\ub5bb\uac8c \ub354\uc6b1 \ud6a8\uacfc\uc801\uc73c\ub85c \ud611\uc5c5\ud574 \uc2e0\uc131\uc7a5\uae30\ud68c\ub97c \ucc3e\uc544\ub0bc \uc218 \uc788\uc744\uae4c? \uc5ec\uae30 \uacb0\ud569\ud560 \uc218\ub3c4 \uc788\uace0, \ub3c5\ub9bd\uc801\uc73c\ub85c \uc0ac\uc6a9\ud560 \uc218\ub3c4 \uc788\ub294, \uace0\uac1d \uacbd\ud5d8\uc5d0\uc11c \ub3c4\ucd9c\ud55c \uc138 \uac00\uc9c0 \uac1c\ubc1c \ubaa8\ub378\uc774 \uc788\ub2e4.<\/p>\n<p>\uccab \ubc88\uc9f8 \uac1c\ubc1c\ubaa8\ub378\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc640 \ubcf4\ud5d8\uc0ac\ub4e4\uc774 \ud798\uc744 \ubaa8\uc544 \ubcf4\ud5d8\uc0ac\ub4e4\uc774 \uc7a5\uae30 \uc800\ucd95\uc194\ub8e8\uc158\uc5d0 \ud3ec\ud568\ub420 \uc218 \uc788\ub294 \uc0c8\ub85c\uc6b4 \ub9ac\ud14c\uc77c \ud22c\uc790\uc0c1\ud488\uc744 \uace0\uc548\ud558\ub294 \uac83\uc774\ub2e4. \uc885\uc885, \uacf5\ub3d9\uc73c\ub85c \ucd94\uad6c\ud558\uace0\uc790 \ud558\ub294 \ubc14\ub294 \ucc28\ubcc4\ud654\ub418\uace0 \uc694\uad6c\uc790\ubcf8\uc774 \uc801\uc740 \uc0c1\ud488\uac1c\ubc1c\uc774\uba70, \uc774\ub294 \ub9ac\uc2a4\ud06c \uc120\ud638\ub3c4\uc5d0\uc11c \ub85c\uceec \uaddc\uc81c, \ub098\uc544\uac00 \uc0ac\ud68c\uc801 \ucc45\uc784\ud22c\uc790 \uae30\uc900\uc758 \ub3c4\uc785\uc5d0 \uc774\ub974\uae30\uae4c\uc9c0 \ub2e4\uc591\ud55c \ucc28\uc6d0\uc5d0\uc11c \uc0dd\uba85\ubcf4\ud5d8\uc0ac\uc758 \uc720\ud1b5\uc5c5\uccb4 \ubc0f \ucd5c\uc885\uace0\uac1d\uc758 \ub2c8\uc988\uc640 \ubc00\uc811\ud558\uac8c \uc5f0\uacb0\ub418\uc5b4 \uc788\uc5b4\uc57c \ud55c\ub2e4.<\/p>\n<p>\uc774\ub7f0 \uad6c\uc131\uc694\uc18c\ub4e4\uc5d0\ub294 \ud22c\uc790\ud380\ub4dc\ubfd0 \uc544\ub2c8\ub77c \uc77c\uc784\ud615 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad00\ub9ac \ub4f1 \uc790\uc0b0 \ubd84\ubc30\uc11c\ube44\uc2a4\ub3c4 \ud3ec\ud568\ub41c\ub2e4. \uac00\uce58 \uc0ac\uc2ac\uc5d0\uc11c \ub354 \ub098\uc544\uac00\uba74, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub294 \ud22c\uc790 \ubc0f \uae08\uc735\uc2dc\uc7a5 \uc804\ubb38\uc9c0\uc2dd\uc744 \ubcf4\ud5d8\uc0ac\uc758 \ub9c8\ucf00\ud305 \ubc0f \uc601\uc5c5\ucc44\ub110\uad50\uc721, \ub514\uc9c0\ud138 \ud234, \uc2dc\uc7a5 \ud604\ud669\ud30c\uc545\uc5d0 \uc81c\uacf5\ud558\ub294 \ub4f1 \ubcf4\ud5d8\uc0ac\uc758 \uc2dc\uc7a5\uc9c4\ucd9c\uacfc \ud310\ub9e4\uc774\ud6c4 \uad00\ub9ac\uc640 \uad00\ub828\ud55c \ud544\uc218\uc801\uc778 \uc9c0\uc6d0\uc744 \ud55c\ub2e4.<\/p>\n<p>\ub450 \ubc88\uc9f8 \uac1c\ubc1c \ubaa8\ub378\uc740 \uc18c\uaddc\ubaa8 \uae30\uad00 \ud22c\uc790\uace0\uac1d\ub4e4\uc5d0\uac8c \uc368\ub4dc\ud30c\ud2f0 \uc790\uc0b0 \ubc30\ubd84 \uc194\ub8e8\uc158\uc744 \ub9cc\ub4e4\uc5b4 \uc8fc\ub294 \uac83\uc774\ub2e4. \uc5ec\uae30\uc5d0\ub294 \uc790\uc0b0 \uc6b4\uc6a9\uc0ac\uac00 \ubcf4\ud5d8\uc0ac \uc790\uc0b0\uad00\ub9ac\ub97c \uc704\ud574 \u2013\uc885\uc885 \ubcf4\ud5d8\uc0ac\uc758 \uc9c0\uc6d0\uc744 \ubc1b\uc544- \uac1c\ubc1c\ud55c \uc5ed\ub7c9\uc744 \uc644\uc804\ud788 \uc0b0\uc5c5\ud654\ud558\uace0 \uacf5\uaca9\uc801\uc73c\ub85c \uc0c1\uc5c5\ud654\ud558\ub294 \uac83\ub3c4 \ud3ec\ud568\ub41c\ub2e4.<\/p>\n<p>\uc624\ub298\ub0a0\uacfc \uac19\uc740 \ubcf5\uc7a1\ud55c \uaddc\uc81c \ud658\uacbd\uc5d0\uc11c, \uc801\uc808\ud55c \ud234\uc744 \uc774\uc6a9\ud558\ub294 \uc5ed\ub7c9 \uc788\ub294 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub77c\uba74 \uaddc\uc815\uc744 \uc900\uc218\ud558\uba74\uc11c, \uc81c\uc57d\uc870\uac74\uae30\ubc18(constraint-based) \ud22c\uc790 \ubc30\ubd84 \uc194\ub8e8\uc158\uc744 \uc124\uacc4\ud558\uace0 \ub9cc\ub4dc\ub294 \uc2e0\ub8b0\ud560 \ub9cc\ud55c \ub300\ud615\uc5c5\uccb4\ub97c \ucc3e\uace0 \uc788\ub294 \uc18c\uaddc\ubaa8 \uae30\uad00\ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \ub9e4\ub825\uc801\uc778 \uc81c\uc548\uc744 \uace0\uc548\ud574 \ub0bc \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p>\uc138 \ubc88\uc9f8 \ubaa8\ub378\uc740 \uc0dd\uba85\ubcf4\ud5d8\uc0ac\uc758 \uc7ac\ubb34\uc7ac\ud45c\uc0c1 \uc790\uc0b0\uc73c\ub85c \uc778\ud55c \uacbd\uc7c1\uc6b0\uc704\ub97c \ucd5c\ub300\ud55c \ud65c\uc6a9\ud558\ub294 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 \uc0c8\ub86d\uace0 \ucc28\ubcc4\ud654\ub41c \ud22c\uc790 \uc5ed\ub7c9\uc774 \ub098\ub0a0\uc774 \ucee4\uc9c0\uace0 \uc788\ub294 \uac83\uacfc \uad00\ub828\uc774 \uc788\ub2e4. \uc774 \ubaa8\ub378\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc640 \ubcf4\ud5d8\uc0ac\uc758 \uadfc\uc811\uc131\uc744 \uc774\uc6a9\ud574, \ubcf4\ud5d8\uc0ac \ud22c\uc790\uc804\ub7b5\uacfc \ub2c8\uc988\uc5d0 \ub300\ud55c \uc7a5\uae30\uc801\uc778 \uad00\uc810\uc744 \uacf5\uc720\ud560 \uc218 \uc788\ub2e4\ub294 \uc810\uc744 \ud65c\uc6a9\ud55c \uac83\uc774\ub2e4. \uc774\ub294 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 \uc0c8\ub85c\uc6b4 \uc5ed\ub7c9\uc744 \uac1c\ubc1c\ud574 \ubcf4\ud5d8\uc0ac\uc758 \ub2c8\uc988\ub97c \ucda9\uc871\uc2dc\ud0a4\uae30 \uc704\ud574 \ud544\uc694\ud55c \uc7a5\uae30\ud22c\uc790\ub97c \ud558\ub294 \ub370 \uc788\uc5b4 \ub9e4\uc6b0 \uc911\uc694\ud558\ub2e4. \uc774\ub7f0 \uc5ed\ub7c9\uc744 \ud1b5\ud574 \uc0c8\ub85c\uc6b4 \uc790\uc0b0(\uc2e4\ubb3c\uc790\uc0b0 \uc804\ubb38\uc0c1\ud488 \ub4f1), \uc0c8\ub85c\uc6b4 \uc9c0\uc5ed, \uc81c\uc57d\uc870\uac74 \uae30\ubc18 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad6c\uc131 \ub4f1\uc744 \ub2e4\ub8f0 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub294 \ubcf4\ud5d8\uc0ac\uc5d0\uc11c \uc0c1\ub2f9\ud55c \uaddc\ubaa8\uc758 \ucd08\uae30\ud22c\uc790\ub97c \ubc1b\uace0 \uc2e0\ub8b0\ub3c4\ub97c \ubcf4\uc7a5\ubc1b\uc73c\uba70, \uc720\ub9ac\ud55c \uc785\uc7a5\uc5d0\uc11c \ucd9c\ubc1c\ud558\uba74\uc11c, \uc368\ub4dc\ud30c\ud2f0 \ud22c\uc790\uc790\uc5d0\uac8c \uc0c8\ub85c\uc6b4 \uc0c1\ud488\uc81c\uc548\uc744 \ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\ubcc0\ud654\ub97c \ub9cc\ub4e4\uc5b4\ub0b4\ub294 \uac83<\/strong><\/span><\/h3>\n<p>\uae30\uc874 \uc694\uc18c\ub4e4 \ubc0f \uc774\ubbf8 \ud655\ub9bd\ub41c \ube44\uc988\ub2c8\uc2a4 \uad00\ud589\uacfc \uad00\uacc4\ub85c\ubd80\ud130 \ud6a8\uacfc\uc801\uc778 \uc0c8 \ubaa8\ub378\uc744 \ub9cc\ub4e4\uc5b4 \ub0b4\ub294 \uac83\uc740 \uc26c\uc6b4 \uc77c\uc774 \uc544\ub2c8\ub2e4. \ud558\uc9c0\ub9cc BCG\uc758 \ucd5c\uadfc \uacbd\ud5d8\uc744 \ubcf4\uba74 \ubcc0\ud601\uc744 \uc704\ud574 \ud544\uc694\ud55c \uae30\uc5c5 \uc870\uc9c1, \uc778\ud504\ub77c, \uc9c0\ubc30\uad6c\uc870, \uc5ed\ub7c9\uc5d0\uc758 \ubcc0\ud654\ub97c \uc2e0\uc911\ud558\uac8c \uc124\uacc4\ud558\uace0 \uc2e4\ud589\ud558\ub294 \uac83\uc740 \uac00\ub2a5\ud560 \ubfd0 \uc544\ub2c8\ub77c \uc7ac\uc815\uc801\uc73c\ub85c\ub3c4 \ubcf4\ub2f5\uc774 \uc788\uc74c\uc744 \uc54c \uc218 \uc788\ub2e4.<\/p>\n<p>BCG \uc758 \uacac\ud574\ub85c\ub294 \ubcf4\ud5d8\uc0ac\uc640 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac04\uc758 \uc804\ud1b5\uc801\uc778, \ubd84\ub9ac\ub41c \uad00\uacc4\ub97c \uacc4\uc18d \uc720\uc9c0\ud558\ub294 \uac83\uc740 \ubbf8\ub798\uc5d0 \uacbd\uc7c1\ub825\uc744 \uc720\uc9c0\ud560 \uc218 \uc788\ub294 \ubc29\uc548\uc774 \uc544\ub2c8\ub2e4. \uc790\ubcf8\uc694\uad6c\ub3c4\uac00 \ub0ae\uc740 \uc800\ucd95\uacfc \ud1f4\uc9c1 \uc5f0\uae08 \ubd80\ubb38\uc5d0\uc11c \ud65c\ub3d9\ud558\ub294 \ubcf4\ud5d8\uc0ac\ub4e4\uc740 \ud611\ub3d9\ubaa8\ub378\uc774 \uacc4\uc18d \uc720\uc9c0\ub418\uace0 \uc55e\uc73c\ub85c \ub354\uc6b1 \uac01\uad11\ubc1b\uc744 \uac83\uc784\uc744 \uc778\uc2dd\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n<p>\ud558\uc9c0\ub9cc, \uace0\ub3c4\ub85c \uc131\uc219\ud55c \uae00\ub85c\ubc8c \uc2dc\uc7a5\uc778 \ubbf8\uad6d\uc5d0\uc11c\ub294, \ud604\uc7ac\uae4c\uc9c0\uc758 \uc21c \uc720\uc785\uc740 \ub454\ud654\ub3fc \uadf8 \ube44\uc911\uc774 \uaca8\uc6b0 \uc6b4\uc6a9\uc790\uc0b0\uc758 0.3%\uc774\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\uc911\uad6d \ubcf8\ud1a0\uc640 \ubbf8\uad6d\uc774 \uc9c0\uc5ed \uc131\uc7a5\uc744 \uc8fc\ub3c4\ud55c\ub2e4<\/strong><\/span><\/h3>\n<p>\uc6b4\uc6a9\uc790\uc0b0\uc740 2017\ub144 \uc138\uacc4\uc758 \uc9c0\uc5ed\ubcc4 \uc2dc\uc7a5\uc5d0\uc11c, \ud2b9\ud788 \uc911\uad6d\uacfc \ubd81\ubbf8\uc9c0\uc5ed\uc5d0\uc11c, \uae09\uaca9\ud558\uac8c \uc131\uc7a5\ud588\uc73c\uba70. \uc720\ub7fd\uc5d0\uc11c\ub294 \uc0c1\ub300\uc801\uc73c\ub85c \ub35c \uae09\uaca9\ud55c \uc131\uc7a5\uc744 \ubcf4\uc600\ub2e4. (\ubcf4\uae30 2 \ucc38\uc870.)<\/p>\n<p><strong>\ubcf4\uae30 2.<\/strong> \uc6b4\uc6a9\uc790\uc0b0\uaddc\ubaa8\ub294 2017\ub144 \ubaa8\ub4e0 \uc9c0\uc5ed\uc5d0\uc11c \uc99d\uac00\ud588\uc73c\uba70, \ud2b9\ud788 \uc911\uad6d\uacfc \ubbf8\uad6d\uc758 \uc131\uc7a5\uc774 \ub450\ub4dc\ub7ec\uc9c4\ub2e4<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-657 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e02-2.png\" alt=\"\" width=\"689\" height=\"574\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e02-2.png 689w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e02-2-300x250.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e02-2-504x420.png 504w\" sizes=\"auto, (max-width: 689px) 100vw, 689px\" \/>\uc911\uad6d\uc5d0\uac8c\ub294 \ub610 \ud55c\ubc88\uc758 \uae09\uc131\uc7a5\uc744 \uae30\ub85d\ud55c \ud55c \ud574\uc600\ub2e4. 2017\ub144 \uc6b4\uc6a9\uc790\uc0b0 \uc131\uc7a5\ub960 22%\ub97c \uae30\ub85d\ud588\uace0, \uc9c0\uae08\uc740 \uc6b4\uc6a9\uc790\uc0b0 4.2\uc870\ub2ec\ub7ec\ub85c \uc138\uacc4 4\ub300(\ubbf8\uad6d, \uc601\uad6d, \uc77c\ubcf8\uc758 \ub4a4\ub97c \uc774\uc5b4) \uc790\uc0b0\uc6b4\uc6a9\uc2dc\uc7a5\uc774\ub2e4. 5\ub144 \uc804\ub9cc \ud558\ub354\ub77c\ub3c4, 2012\ub144 \ub9d0 \uc911\uad6d\uc740 \uc6b4\uc6a9\uc790\uc0b0 1.5\uc870\ub2ec\ub7ec\ub85c 8\uc704\uc600\ub2e4. \uc911\uad6d\uc758 \uc6b4\uc6a9\uc790\uc0b0\uc740 2025\ub144\uc774\uba74 3\ubc30\ub85c \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub418\uba70, \uc2e4\uc81c\ub85c \uc774\ub300\ub85c \uc131\uc7a5\ud55c\ub2e4\uba74, \uc911\uad6d\uc740 \ubbf8\uad6d\uc744 \uc774\uc5b4 \uc138\uacc4 2\ub300 \uc2dc\uc7a5\uc774 \ub420 \uac83\uc774\ub2e4.<\/p>\n<p>\uc911\uad6d\uc740 \ub9ac\ud14c\uc77c \ubc0f \uae30\uad00 \ud22c\uc790 \ubd80\ubb38 \ubaa8\ub450\uc5d0\uc11c, \ub192\uc740 \uac00\uacc4 \uc800\ucd95\ub960\uacfc \uc5f0\uae30\uae08 \ubc0f \ubcf4\ud5d8\uc0ac\ub4e4\uc774 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub97c \uc774\uc6a9\ud558\ub3c4\ub85d \ud558\ub294 \uaddc\uc81c\uac1c\ud601 \ub355\ubd84\uc5d0 \uac15\ub825\ud55c \uc131\uc7a5\uc744 \ubcf4\uc600\ub2e4. \ud2b9\ud788, \ud22c\uba85\uc131\uac1c\uc120\uacfc \uadf8\ub9bc\uc790\uae08\uc735(shadow banking)\ucd95\uc18c\ub97c \uc704\ud574 \uc2e4\uc2dc\ub41c \ucd5c\uadfc\uc758 \uaddc\uc81c\ub294 \uc804\ud1b5\uc801\uc778 \uc790\uc0b0\uc6b4\uc6a9\uc0c1\ud488\uc744 \ub354\uc6b1 \ub9ce\uc774 \uc774\uc6a9\ud558\uac8c \ud588\uace0 \ud22c\uc790\uc790\ub4e4\uc744 \ube44\ud45c\uc900\uc2e0\uc6a9\uc790\uc0b0\uc5d0 \ud22c\uc790\ud558\ub294 \uc218\uc775\ubcf4\uc7a5\uc0c1\ud488\uc5d0\uc11c \ub3cc\uc544\uc11c\uac8c \ub9cc\ub4e4\uc5c8\ub2e4.<\/p>\n<p>\uc911\uad6d\uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc2e0\uc0c1\ud488, \ub514\uc9c0\ud138 \uc720\ud1b5, \uae30\uc220\uc8fc\ub3c4\ud601\uc2e0\uc758 \ube60\ub978 \uc131\uc7a5\uc744 \ud1b5\ud574 \uace0\uac1d\uacbd\ud5d8\uc774 \ud5a5\uc0c1\ub418\uace0 \uc788\ub2e4. \uc774\ub7f0 \ubc1c\uc804\uc740 \uc2dc\uc7a5\uc9c4\uc785\uc744 \uc704\ud574 \ub178\ub825\ud558\ub294 \uc5c5\uccb4\ub4e4\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc911\uad6d\uc5d0\uc11c \ube44\uc988\ub2c8\uc2a4\ub97c \ud655\uc7a5\ud558\uae30 \uc704\ud574 \ub178\ub825\ud558\ub294 \uc804\ud1b5 \uc5c5\uccb4\ub4e4\uc5d0\uac8c \uacbd\uc7c1\uc7a5\ubcbd\uc744 \ub354\uc6b1 \ub192\uc77c \uac83\uc774\uace0, \ub3d9\uc2dc\uc5d0 \uc0c8\ub85c\uc6b4 \uae30\ud68c\ub97c \ucc3d\ucd9c\ud560 \uac83\uc774\ub2e4.<\/p>\n<p>\uc911\uad6d \uc2dc\uc7a5\uc774 \ubc1c\uc804\ud568\uc5d0 \ub530\ub77c, \uadf8 \ubaa8\uc2b5\uc740 \ubbf8\uad6d \uc2dc\uc7a5\ubcf4\ub2e4\ub294 \uc720\ub7fd \uc2dc\uc7a5\uacfc \ub354 \uc720\uc0ac\ud55c \uad6c\uc870\ub97c \uac16\ucd94\uac8c \ub420 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc81c\ud734 \ud30c\ud2b8\ub108\uc2ed\uc774 \uc9c0\ubc30\ud558\ub294 \ubcf5\uc7a1\ud55c \ub85c\uceec \uc720\ud1b5\ubc29\uc2dd\uc73c\ub85c \ub3c5\ub9bd \uc5c5\uccb4\ub4e4\uc5d0\uac8c\ub294 \uacbd\uc7c1\uc758 \uc5ec\uc9c0\uac00 \uc81c\ud55c\ub418\uace0 \uace0\uac1d\ub4e4\uc740 \ud655\uc2e4\ud55c \uc218\uc775\uc744 \uc120\ud638\ud558\ub294 \ud615\ud0dc\uc774\ub2e4. \uc989, \ub514\uc9c0\ud138\ud654\uac00 \uc911\uad6d\uc2dc\uc7a5\uc744 \uadf8 \uc5b4\ub290 \uc9c0\uc5ed\ub3c4 \uc0c1\ub300\ud560 \uc218 \uc5c6\ub294 \uc218\uc900\uc73c\ub85c \ub9cc\ub4e4\uace0 \uc788\ub2e4.<\/p>\n<p>\ubd81\ubbf8\uc2dc\uc7a5\uc740 2017\ub144 2\ubc88\uc9f8\ub85c \ub6f0\uc5b4\ub09c \uae00\ub85c\ubc8c \uc131\uc801\uc744 \ubcf4\uc600\ub2e4. \ubbf8\uad6d\uc5d0\uc11c \uc6b4\uc6a9\uc790\uc0b0\uc774 14% \uc131\uc7a5\ud55c \uac83\uc5d0 \ud798\uc785\uc5b4, \ubd81\ubbf8\uc9c0\uc5ed\uc740 \uc804\uccb4\uc801\uc73c\ub85c 13%\uc758 \uc131\uc7a5\uc138\ub97c \uae30\ub85d\ud588\uace0, \uc774\ub294 \uc131\uc219\uc2dc\uc7a5 \uc911 \uac00\uc7a5 \ub192\uc740 \uc218\uce58\uc600\ub2e4. \uc774\ub7f0 \ud1b5\uacc4\uce58\ub294 \uae08\uc735\uc2dc\uc7a5\uc774 \uae30\uc874 \uc6b4\uc6a9\uc790\uc0b0\uc758 \uc99d\uac00\uc138\uc5d0 \ubbf8\uce5c \uc601\ud5a5\uc744 \ubc18\uc601\ud55c\ub2e4. 2016\ub144\uc5d0\ub294 \ub450 \ubd80\ubb38 \ubaa8\ub450 \uc21c\uc720\ucd9c\uc774\uc5c8\ub358 \uac83\uc5d0 \ube44\ud574, 2017\ub144\uc5d0\ub294 \ub9ac\ud14c\uc77c \ud22c\uc790 3.8%, \uae30\uad00 \ud22c\uc790 1.4%\uc758 \ud2bc\ud2bc\ud55c \uc790\uc0b0 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \ubbf8\uad6d\uc5d0\uc11c \uc6b4\uc6a9\uc790\uc0b0\uc740 \uc131\uc219\uc2dc\uc7a5 \uc911 \uac00\uc7a5 \ud070 \uc0c1\uc2b9\ud3ed\uc744 \ubcf4\uc774\uba70- \uc608\uae08, \uc989 \uc800\ucd95\uacc4\uc88c\uac00 \uc904\uc5b4\ub4dc\ub294 \ub300\uc2e0- \ucd1d\uc790\uc0b0 \ub300\ube44 1.5% \uc99d\uac00\ud588\ub2e4.<\/p>\n<p>\uc720\ub7fd\uc758 \uc6b4\uc6a9\uc790\uc0b0\uc740 \uae30\ucd08 \uc6b4\uc6a9\uc790\uc0b0\uc758 \uc57d 3%\uc5d0 \ub2ec\ud558\ub294 \uac15\ud55c \uc21c\uc790\uc0b0\uc720\uc785\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uaca8\uc6b0 7%\uc5d0 \ubd88\uacfc\ud55c \ub35c \ud0c4\ud0c4\ud55c \uc131\uc7a5\uc138\ub97c \ubcf4\uc600\ub2e4. \uc774\ub294, \ubd80\ubd84\uc801\uc73c\ub85c\ub294, 2017\ub144 \uc720\ub85c\ud654\uac00 \ub300\ubd80\ubd84\uc758 \ud654\ud3d0\ub300\ube44 \uac15\uc138\ub97c \ubcf4\uc600\uae30 \ub54c\ubb38\uc5d0, \uc678\uad6d\uc5d0 \ud22c\uc790\ud55c \uc720\ub7fd\uc790\uc0b0\uc758 \uc2e4\uc801\uc774 \ubcf8\uad6d\uc5d0\uc11c \uc720\ub85c\ub85c \ud658\uc0b0\ud588\uc744 \ub54c \uc904\uc5b4\ub4e4\uc5c8\uae30 \ub54c\ubb38\uc774\uae30\ub3c4 \ud558\ub2e4.<\/p>\n<p>\uc911\uad6d \uc774\uc678\uc758 \uc2e0\ud765\uad6d\uc758 \uc131\uc7a5\uc740 \ub2e4\uc591\ud558\uac8c \ub098\ud0c0\ub098, \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74 \uc9c0\uc5ed\uc5d0\uc11c\ub294 7%, \uc544\uc2dc\uc544(\uc77c\ubcf8\uacfc \uc911\uad6d \uc81c\uc678)\uc5d0\uc11c\ub294 13%, \uc911\ub0a8\ubbf8 \uc9c0\uc5ed\uc5d0\uc11c\ub294 17%\ub97c \uae30\ub85d\ud588\ub2e4. 2017\ub144 20% \uc774\uc0c1\uc758 \uc131\uc7a5\ub960\uc744 \uad6c\uac00\ud558\uba70 \ub6f0\uc5b4\ub09c \uc131\uc801\uc744 \ubcf4\uc778 \uad6d\uac00\ub294 \uc18c\uc218\uc5d0 \ubd88\uacfc\ud588\ub2e4. \uc774 \uc911 \uac00\uc7a5 \uc8fc\ubaa9\ud560 \ub9cc\ud55c \uad6d\uac00\ub294 \uc6b4\uc6a9\uc790\uc0b0 5000\uc5b5 \ub2ec\ub7ec\uc640 22%\uc758 \uc131\uc7a5\ub960\uc744 \ubcf4\uc778 \uc778\ub3c4\uc600\ub2e4. \uac01 1000\uc5b5 \ub2ec\ub7ec \ubbf8\ub9cc\uc758 \uc6b4\uc6a9\uc790\uc0b0\uc744 \uae30\ub85d\ud55c \uc791\uc740 \uace0\uc131\uc7a5 \uc2dc\uc7a5\uc5d0\ub294 \uc778\ub3c4\ub124\uc2dc\uc544, \ud130\ud0a4, \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \uc788\ub2e4.<\/p>\n<p>\uc804\ubc18\uc801\uc73c\ub85c, \uc2e0\ud765\uad6d\ub4e4(\uc911\uad6d \uc81c\uc678)\uc740- \uc911\uad6d\uc774\ub098 \uc2ec\uc9c0\uc5b4 \ubd81\ubbf8\uc640 \ube44\uad50\ud574\ub3c4 \uc57d\uc138\uc774\uae30\ub294 \ud558\uc9c0\ub9cc- 2012\ub144\ubd80\ud130 2017\ub144\uae4c\uc9c0 \uae30\uac04\ub3d9\uc54813%\uc758 \uc5f0\uac04\uc131\uc7a5\ub960\uc744 \uafb8\uc900\ud788 \ubcf4\uc600\ub2e4. \uc774\ub294 \uac1c\ub3c4\uad6d\uc5d0\uc11c \uc790\uc0b0\uc6b4\uc6a9\ud65c\ub3d9\uc758 \ubcf4\uae09\uc728-\ubcf4\ud1b5 \ubd80\uc758 \uc218\uc900\uacfc \uc0c1\uad00\uad00\uacc4\uac00 \uc788\ub294-\uc774 \uc544\uc9c1\uae4c\uc9c0\ub294 \uc77c\ubd80 \uc804\ubb38\uac00\ub4e4\uc774 \uc608\uc0c1\ud588\ub358 \uc218\uc900\uc73c\ub85c \uc0c1\uc2b9\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uac83\uc744 \uc758\ubbf8\ud55c\ub2e4. (\ubcf4\uae30 3 \ucc38\uc870.) \uc774 \uc2dc\uc7a5\uc5d0\uc11c \uc790\uc0b0\uc6b4\uc6a9\ud65c\ub3d9\uc774 \uc9c4\uc804\uc744 \ubcf4\uc774\uac8c \ub418\uba74, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc7a5\uae30 \uc218\uc775\uc744 \ubcf4\uc7a5\ud558\uae30 \uc704\ud574 \uc9c0\uc5ed \uc815\ubd80 \ubc0f \uaddc\uc81c\ub2f9\uad6d\uc5d0 \ub300\ud574 \ub354 \uac15\ub825\ud55c \uc9c0\uc9c0\ub97c \uc694\uad6c\ud560 \uac83\uc774\ub2e4.<\/p>\n<p>\ud558\uc9c0\ub9cc, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc758 \uc131\uc7a5\uae30\ud68c\uac00 \uc2e0\ud765\uad6d\uc5d0 \uc81c\ud55c\ub41c \uac83\ub9cc\uc740 \uc544\ub2c8\ub2e4. \uc77c\ubd80 \uc120\uc9c4\uad6d- \ud2b9\ud788 \uc77c\ubcf8\uacfc \ub3c5\uc77c-\ub4e4\ub3c4 \ubd80\uc758 \uc218\uc900\uc5d0 \ube44\ud574 \uc0c1\ub300\uc801\uc73c\ub85c \ub0ae\uc740 \ubcf4\uae09\uc728\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4.<\/p>\n<p><strong>\ubcf4\uae30 3.<\/strong> \uc138\uacc4\uc801\uc73c\ub85c \uc6b4\uc6a9\uc790\uc0b0\uc758 \ubcf4\uae09\ub960\uc740 \uc9c0\uc5ed \ubc0f \uacbd\uc81c\uc131\uc7a5\uc218\uc900\uc5d0 \ub530\ub77c \ud070 \ucc28\uc774\ub97c \ubcf4\uc778\ub2e4<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-660 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e03.png\" alt=\"\" width=\"947\" height=\"615\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e03.png 947w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e03-300x195.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e03-768x499.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e03-696x452.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e03-647x420.png 647w\" sizes=\"auto, (max-width: 947px) 100vw, 947px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\"><strong>\ud328\uc2dc\ube0c \uc0c1\ud488 \uae30\ub85d\uc801 \uc131\uc7a5<\/strong><\/span><\/p>\n<p>\uc790\uc0b0\uc6b4\uc6a9\uc0c1\ud488 \uc911, \ud328\uc2dc\ube0c\ub294 \uc6b4\uc6a9\uc790\uc0b0 25%\ub77c\ub294 \uae30\ub85d\uc801\uc778 \uc0c1\uc2b9\uc728\uc744 \ubcf4\uc774\uba70 2017\ub144 \ub2e8\uc5f0 \uac00\uc7a5 \ube60\ub978 \uc131\uc7a5\uc744 \ubcf4\uc778 \uce74\ud14c\uace0\ub9ac\uc774\ub2e4. (\ubcf4\uae30 4 \ucc38\uc870.) \uc804\ud1b5\uc801\uc778 \uc561\ud2f0\ube0c \uc0c1\ud488\uc740 \uc194\ub8e8\uc158\uacfc \uc804\ubb38\uc0c1\ud488\uc5d0 \ube44\ud574 \uadf8 \ube44\uc911\uc774 \uacc4\uc18d \uc904\uc5b4\ub4e4\uace0 \uc788\ub2e4. \ud604\uc7ac \uc561\ud2f0\ube0c \ud380\ub4dc\ub294, \uc561\ud2f0\ube0c \ucc44\uad8c\uc774 \uc561\ud2f0\ube0c \uc8fc\uc2dd\uc758 \uc720\ucd9c\uc744 \uc0c1\uc1c4\ud55c \uac83 \uc774\uc0c1\uc73c\ub85c \uac15\ub825\ud558\uac8c \uc720\uc785\ub418\uc5c8\ub2e4\uace0\ub294 \ud574\ub3c4, \uc6b4\uc6a9\uc790\uc0b0\uc758 \uaca8\uc6b0 3\ubd84\uc758 1\ub9cc\uc744 \ucc28\uc9c0\ud558\uace0 \uc788\ub294\ub370 \uc774\ub294 2003\ub144 57%\uc640 \ube44\uad50\ub418\ub294 \uac83\uc774\ub2e4. \uc194\ub8e8\uc158, \uc804\ubb38\uc0c1\ud488, \ub300\uccb4\uc0c1\ud488\uc740 2003\ub144\ub3c4 3\ubd84\uc758 1\uc774\uc5c8\ub358 \uac83\uc5d0 \ube44\ud574 \ud604\uc7ac \uc2dc\uc7a5\uc758 \uc808\ubc18\uc744 \ucc28\uc9c0\ud558\uace0 \uc788\ub2e4.<\/p>\n<p>\uc62c\ud574 \ud328\uc2dc\ube0c \ud380\ub4dc\uc758 \uc131\uc7a5\uc740 \uc0c1\ub2f9\ubd80\ubd84 \ud328\uc2dc\ube0c \uc0c1\ud488\uc774 \ub300\ubd80\ubd84\uc758 \ud328\uc2dc\ube0c \ud380\ub4dc\uac00 \ud22c\uc790\ub418\ub294 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \ud638\ud669\uc5d0 \ud798\uc785\uc5b4 \uae30\ub85d\uc801\uc778 \uc2e0\uaddc \uc21c \uc720\uc785\uc561\uc744 \ub2ec\uc131\ud55c \ub355\ubd84\uc774\ub2e4. \uc774 \uacb0\uacfc\ub294 \ub9ac\ud14c\uc77c \ubd80\ubb38(\ud22c\uba85\uc131 \uc81c\uace0\uc640 \ud2b9\ud788 \uc720\ud1b5 \uc218\uc218\ub8cc \uae08\uc9c0 \ub355\ubd84\uc5d0)\uacfc \uae30\uad00 \ubd80\ubb38 \ubaa8\ub450\uc5d0\uc11c, \ud22c\uc790\uc790\uac00 \ud328\uc2dc\ube0c \uc804\ub7b5\uc73c\ub85c \uacc4\uc18d\ud574\uc11c \ubcc0\ud654\ud558\uba74\uc11c \ub354\uc6b1 \uacf5\uace0\ud574\uc84c\ub2e4.<br \/>\n\ubd88\ud589\ud788\ub3c4, \ud328\uc2dc\ube0c \uc6b4\uc6a9\uc790\uc0b0\uc758 \uc131\uc7a5\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 \ub9e4\ucd9c\ucd95\uc18c\ub85c \uc774\uc5b4\uc9c4\ub2e4. 2017\ub144 16\uc870\ub2ec\ub7ec\ub85c \uc6b4\uc6a9\uc790\uc0b0\uc758 20%\ub97c \ucc28\uc9c0\ud588\ub358 \ud328\uc2dc\ube0c \uc790\uc0b0\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0b0\uc5c5 \ucd1d \ub9e4\ucd9c\uc758 \uaca8\uc6b0 6%\ub9cc\uc744 \ucc28\uc9c0\ud558\uba70 170\uc5b5\ub2ec\ub7ec\uc758 \ub9e4\ucd9c\uc744 \uc62c\ub9ac\ub294\ub370 \uadf8\ucce4\ub2e4. \ud328\uc2dc\ube0c \uc0c1\ud488\uc774 \uc810\uc810 \ub354 \uc778\uae30\ub97c \uc5bb\uace0 \uc788\uae34 \ud558\uc9c0\ub9cc, \ub9c8\uc9c4\uc740 \ub192\uc9c0 \uc54a\ub2e4. \ub530\ub77c\uc11c, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uace0\uc218\uc218\ub8cc \uc131\uc7a5 \uae30\ud68c\ub97c \ubaa8\uc0c9\ud574\uc57c \ud55c\ub2e4.<\/p>\n<h3><span style=\"font-size: 12pt;\"><strong>\uc2a4\ub9c8\ud2b8 \ubca0\ud0c0 \ud22c\uc790, \uc228\uc740 \uc704\ud611<\/strong><\/span><\/h3>\n<p>\ud328\uc2dc\ube0c \ud22c\uc790\ub97c \ud558\ub294 \uc5c5\uccb4\ub4e4\uc5d0\uac8c \uc635\uc158 \uc911 \ud558\ub098\ub294, \ud328\uc2dc\ube0c\ud558\uac8c \uc9c0\uc218\ub97c \ub530\ub974\uc9c0\ub9cc \uc561\ud2f0\ube0c\ud55c \ub8f0 \uae30\ubc18 \uc694\uc18c\ub97c \ud3ec\ud568\ud558\uace0 \uc788\ub294 \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0 \uc0c1\ud488\uc774\ub2e4. \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0\ub294 \uc6b4\uc6a9\uc790\uc0b0 4300\uc5b5 \ub2ec\ub7ec\ub85c, \uc804\uc138\uacc4 \ucd1d\uc561\uc758 0.5%\ub9cc\uc744 \ucc28\uc9c0\ud574 \uc544\uc9c1\uc740 \uaddc\ubaa8\uac00 \uc791\uc740 \uce74\ud14c\uace0\ub9ac\uc774\uc9c0\ub9cc, 2012\ub144 \uc774\ud6c4 \uc5f0\uac04 30% \uc131\uc7a5\ud588\ub2e4. \uc55e\uc73c\ub85c, \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0\ub294 \uc804\ud1b5\uc801\uc778 \uc561\ud2f0\ube0c \ud50c\ub808\uc774\uc5b4\uc5d0\uac8c \ubb34\uc2dc\ud560 \uc218 \uc5c6\ub294 \uc704\ud611\uc774 \ub420 \uac83\uc774\ub2e4. \ud328\uc2dc\ube0c \uc0c1\ud488\uc73c\ub85c\uc758 \uc804\ubc18\uc801\uc778 \uc804\ud658\ubcf4\ub2e4 \uc7a0\uc7ac\uc801\uc73c\ub85c \ub354 \ud070 \uc704\ud611\uc77c \uc218 \uc788\ub2e4. \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0\ub294 \ub354 \ub0ae\uc740 \ube44\uc6a9\uc73c\ub85c \ub611\uac19\uc774 \uc561\ud2f0\ube0c\ud55c \uc6b4\uc6a9\uacb0\uacfc\ub97c \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc81c\uacf5\ud558\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud558\uae30 \ub54c\ubb38\uc774\ub2e4. \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0 \uc8fc\uc2dd\ud380\ub4dc\uc758 \uc218\uc218\ub8cc \uc218\uc900\uc740 \ud3c9\uade0 35 bp\uc774\uba70, \uc774\ub294 \uc561\ud2f0\ube0c \uc8fc\uc2dd\ud380\ub4dc\uc758 50bp\ubcf4\ub2e4 \ud6e8\uc52c \ub0ae\uc740 \uc218\uc900\uc774\ub2e4.<\/p>\n<p>\uc2a4\ub9c8\ud2b8\ubca0\ud0c0\uc758 \uc131\uc7a5\uc740 \ud5a5\ud6c4 \uc790\uc0b0\uc6b4\uc6a9\uc0b0\uc5c5 \uc720\uae30\uc801 \ud1b5\ud569\uc758 \uacac\uc778\ucc28 \uc5ed\ud560\uc744 \ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0\ubd80\ubb38\uc758 \uc2b9\uc790\uac00 \ub418\uae30 \uc704\ud574\uc11c\ub294 \ud6c4\ubc1c\uc8fc\uc790\ub4e4\ubcf4\ub2e4 \ub0ae\uc740 \uc218\uc218\ub8cc\ub97c \uc720\uc9c0\ud558\uae30 \uc704\ud574, \uad00\ub828 \ub370\uc774\ud130 \uc778\ud504\ub77c\uc5d0 \ub300\ud55c \ucd08\uae30\ud22c\uc790\uc640 \ud568\uaed8 \uaddc\ubaa8\ub97c \ucd5c\ub300\ud55c \ud65c\uc6a9\ud560 \uc218 \uc788\uc5b4\uc57c \ud55c\ub2e4.<\/p>\n<p>\uc9c0\uae08\uae4c\uc9c0\ub294 \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0 \ud22c\uc790\ub294 \uc8fc\ub85c \ub300\ud615 \ud328\uc2dc\ube0c \uc5c5\uccb4\ub4e4\uc5d0 \uc758\ud574 \uc774\ub8e8\uc5b4\uc84c\uc9c0\ub9cc, \ud328\uc2dc\ube0c \uc0c1\ud488\uc73c\ub85c\uc758 \uc120\ub3c4\uc5c5\uccb4\uac00 \ub418\uc9c0 \ubabb\ud55c \uba87\uba87 \ub300\ud615 \uc561\ud2f0\ube0c \uc5c5\uccb4\ub4e4\uc774 \uc2a4\ub9c8\ud2b8 \ubca0\ud0c0 \uacbd\uc7c1\uc5d0 \ub6f0\uc5b4\ub4e4\uc5b4 \uc0c8\ub85c\uc6b4 \uae30\ud68c\uc5d0 \ub3d9\ucc38\ud558\ub824\uace0 \ud558\uace0 \uc788\ub2e4. \uc774 \uc131\uc7a5\uc138\ub97c \uc774\uc6a9\ud558\uace0\uc790 \ud558\ub294 \uc804\ud1b5\uc801\uc778 \uc561\ud2f0\ube0c \uc5c5\uccb4\ub4e4\uc740 \uc218\uc775\ucc3d\ucd9c\uc744 \uc704\ud574 \uaddc\ubaa8\uc758 \uc7a5\uc810\uacfc \uc0b0\uc5c5\ud654\ub41c \uc811\uadfc\ubc95\uc744 \ucd5c\ub300\ud55c \ud65c\uc6a9\ud574\uc57c \ud560 \uac83\uc774\ub2e4.<\/p>\n<p><strong>\ubcf4\uae30 4.<\/strong> \uc194\ub8e8\uc158, \uc804\ubb38\uc0c1\ud488, \ub300\uccb4\uc0c1\ud488\uc774 \uc2dc\uc7a5\uc810\uc720\uc728 50%\ub85c \ud655\ub300\ub418\uba74\uc11c, \ud328\uc2dc\ube0c \uc6b4\uc6a9\uc790\uc0b0\uc74025% \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-661 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e04.png\" alt=\"\" width=\"570\" height=\"809\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e04.png 570w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e04-211x300.png 211w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e04-296x420.png 296w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/p>\n<h3><\/h3>\n<h3><span style=\"font-size: 18pt;\"><strong>\uc194\ub8e8\uc158\uacfc \ub300\uccb4\uc0c1\ud488 \ube44\uc911\uc758 \uc9c0\uc18d\uc801\uc778 \ud655\ub300<\/strong><\/span><\/h3>\n<p>\ud2b9\ud788 \uc194\ub8e8\uc158 \uc0c1\ud488\uc774 \uae09\uc131\uc7a5\ud558\uace0 \uc788\ub2e4. \uc194\ub8e8\uc158 \uce74\ud14c\uace0\ub9ac\ub294 \uad11\ubc94\uc704\ud574 \ubd80\ucc44\uc5f0\uacc4\ud22c\uc790(LDI) \ud639\uc740 \uc218\ud0c1 \uc11c\ube44\uc2a4(\ubbf8\uad6d\uc5d0\uc11c\ub294 \uc18c\uc704 \u2018CIO \uc544\uc6c3\uc18c\uc2f1\u2019\uc774\ub77c\uace0 \ud558\ub294) \ub4f1 \uae30\uad00\uc911\uc2ec \uc194\ub8e8\uc158\uacfc TDF\ud639\uc740 DC \ubc0f \ub3c4\ub9e4 \ucc44\ub110\uc5d0 \uc8fc\ub825\ud558\ub294 \uc790\uc0b0\ubc30\ubd84\ud380\ub4dc\ub97c \ubaa8\ub450 \ub9dd\ub77c\ud55c\ub2e4.<\/p>\n<p>\uce74\ud14c\uace0\ub9ac \ucc28\uc6d0\uc5d0\uc11c, 2017\ub144 \uae30\uc900\uc73c\ub85c\ub3c4 2008\ub144\ubd80\ud130 2017\ub144\uc758 \uae30\uac04\uc744 \uae30\uc900\uc73c\ub85c\ub3c4, \uc194\ub8e8\uc158\uc740 \uc6b4\uc6a9\uc790\uc0b0 \ubc0f \ub9e4\ucd9c\uc5d0 \uc788\uc5b4 \ud328\uc2dc\ube0c\uc758 \ub4a4\ub97c \uc774\uc5b4 \ub450 \ubc88\uc9f8\ub85c \ube60\ub978 \uc131\uc7a5\uc744 \ubcf4\uc600\ub2e4. \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc194\ub8e8\uc158 \uc0c1\ud488\uc5d0 \ub300\ud574 \uacc4\uc18d\ud574\uc11c \uc8fc\ub825\ud558\uace0 \uc788\uc73c\uba70 \uad00\ub828\uc5ed\ub7c9\uac1c\ubc1c\uc744 \uc704\ud55c \ud22c\uc790\ub97c \uc99d\uac00\uc2dc\ud0a4\uace0 \uc788\ub2e4. \uc194\ub8e8\uc158\uc774 \ucd5c\uadfc \uba87 \ub144\uac04 \uc218\uc218\ub8cc\uac00 \uc0ad\uac10\ub418\uc9c0 \uc54a\uc740 \uba87 \uc548 \ub418\ub294 \uc0c1\ud488 \uc911 \ud558\ub098\uc778 \uac83\ub3c4 \uc194\ub8e8\uc158\uc744 \ub354\uc6b1 \ub9e4\ub825\uc801\uc73c\ub85c \ub9cc\ub4dc\ub294 \uc694\uc778\uc774\ub2e4. \uc2e4\uc81c\ub85c, \uc194\ub8e8\uc158 \uc218\uc218\ub8cc\ub294 \ub2e4\ub978 \uc0c1\ud488\ub4e4\uc758 \uc218\uc218\ub8cc\uc5d0 \ube44\ud574 \ub354\uc6b1 \uc548\uc815\uc801\uc778 \uc218\uc900\uc744 \uc720\uc9c0\ud574\uc654\ub2e4.<\/p>\n<p>\uc194\ub8e8\uc158\uc5d0 \ub300\ud55c \uacbd\uc7c1\uc774 \uce58\uc5f4\ud574\uc9d0\uc5d0 \ub530\ub77c, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ub354 \uac15\ub825\ud558\uace0, \ud655\uc2e4\ud558\uace0, \ucc28\ubcc4\ud654\ub41c \uc2dc\uc7a5\uc9c0\uc704\ub97c \ud655\ub9bd\ud558\uae30 \uc704\ud574 \ubcf4\ud1b5 \uc0c8\ub85c\uc6b4 \ud300\uc5d0 \ud22c\uc790\ud558\uac70\ub098 \uae30\uc874 \ub0b4\ubd80\ud300\uc744 \uc7ac\ubc30\uce58\ud55c\ub2e4. \uc774\ub97c \uc704\ud574, \uc5c5\uccb4\ub4e4\uc740 \uc9c0\uc18d\uc801\uc778 \ud22c\uc790\ub97c \uc704\ud574 \uace0\uac1d\uacfc \uc911\uac1c\uc790\uc758 \ubcc0\ud654\ud558\ub294 \ub2c8\uc988\uc640 \ubd88\ub9cc\uc0ac\ud56d\uc744 \uc774\ud574\ud574\uc57c \ud55c\ub2e4.<\/p>\n<p>\ub300\uccb4\uc0c1\ud488\uc740 2017\ub144 \ub2e8\uc9c0 8% \uc131\uc7a5\ud588\ub294\ub370 \uc774\ub294 \uae08\uc735\uc704\uae30 \uc774\uc804 \uc5f0\ud3c9\uade0 \uc131\uc7a5\ub960\uc758 \uc808\ubc18\uc5d0 \ubd88\uacfc\ud55c \uac83\uc774\ub2e4. \uadf8\ub7fc\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc6b4\uc6a9\uc790\uc0b0\uacfc \ub9e4\ucd9c\uc5d0\uc11c \ucc28\uc9c0\ud558\ub294 \ube44\uc911\uc740 \uc99d\uac00\ud558\uace0 \uc788\uc73c\uba70, \uc774 \uce74\ud14c\uace0\ub9ac\ub294 \uc0c1\ub300\uc801\uc73c\ub85c \uc548\uc815\uc138\ub97c \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\n<p>\uc2e4\ubb3c\uc790\uc0b0 \uce74\ud14c\uace0\ub9ac\ub294 \uc778\ud504\ub77c\uc758 17% \uc131\uc7a5\uc5d0 \ud798\uc785\uc5b4 \uae09\uc131\uc7a5\ud588\uc73c\uba70 \uc774\ud6c4 \ubd80\ub3d9\uc0b0 \ubc0f \uc0ac\ubaa8\ub300\ucd9c\ud380\ub4dc\uc758 \uac15\uc138\uac00 \uc774\uc5b4\uc84c\ub2e4. \ubc18\uba74, \uc0ac\ubaa8\uc8fc\uc2dd\ud380\ub4dc\uc640 \ud5e4\uc9c0\ud380\ub4dc\ub294 \uac01\uac01 5%, 6% \uc131\uc7a5\uc744 \uae30\ub85d\ud558\uba70 \uc800\uc131\uc7a5 \uce74\ud14c\uace0\ub9ac\ub85c \ub0a8\uc544 \uc788\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\uc8fc\uc2dd\uc2dc\uc7a5 \ud638\ud669\uc73c\ub85c \uc778\ud55c \uae30\ub85d\uc801 \uc218\uc775<\/strong><\/span><\/h3>\n<p>\uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 2017\ub144 \uae30\ub85d\uc801\uc778 \uc218\uc775\uc744 \uc62c\ub838\ub2e4. \uc774\uc775\ub9c8\uc9c4\uc740 \uc2dc\uc7a5\uc8fc\ub3c4\uc790\uc0b0\uc131\uc7a5 \ub355\ubd84\uc5d0 1.4% \ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud574 \uc21c\ub9e4\ucd9c\uc758 37%\ub97c \uae30\ub85d\ud588\uc73c\uba70 \uc808\ub300 \uae08\uc561\uc73c\ub85c\ub294 13% \uc0c1\uc2b9\ud588\ub2e4. (\ubcf4\uae30 5 \ucc38\uc870.) \uc774\ub294 \uacb0\uad6d \ube44\uc6a9\uc774 17.3 bp\uc5d0\uc11c 16.8bp\ub85c \uc0c1\ub300\uc801\uc73c\ub85c \ud558\ub77d\ud558\ub294 \uacb0\uacfc\ub85c \uc774\uc5b4\uc84c\ub2e4. (\ubcf4\uae30 6 \ucc38\uc870.) \ub9e4\ucd9c\uc740 \uc548\uc815\uc138\ub97c \uc720\uc9c0\ud574, 26.7 bp\uc5d0\uc11c 26.5 bp \ub85c \ub2e8\uc9c0 0.2bp\ub9cc \uac10\uc18c\ud588\ub2e4.<\/p>\n<p>\uc0c1\ub300\ub9e4\ucd9c\uc758 0.2bp \ucd95\uc18c\ub294 \uc88b\uc740 \uc18c\uc2dd\uc774 \uc544\ub2d0 \uc218\ub3c4 \uc788\uc9c0\ub9cc, \uc218\uc218\ub8cc\uac00 \ub0ae\uc740 \ud328\uc2dc\ube0c \uc0c1\ud488\uc73c\ub85c\uc758 \uc9c0\uc18d\uc801\uc778 \uc804\ud658\uacfc \ub300\ubd80\ubd84\uc758 \uc0c1\ud488 \uce74\ud14c\uace0\ub9ac\uc5d0\uc11c\uc758 \uc9c0\uc18d\uc801\uc778 \uac10\uc18c\ucd94\uc138\ub97c \uace0\ub824\ud560 \ub54c \uc804\ubc18\uc801\uc73c\ub85c \ubb34\ub09c\ud55c \uc131\uc801\uc774\ub2e4. \uc2e4\uc81c\ub85c, \ucd5c\uadfc \uba87 \ub144\uac04 \uadf8\ub7ac\ub4ef\uc774, \uc804\uccb4 \uc0c1\ud488\uad70\uc5d0\uc11c \uc218\uc218\ub8cc\ub294 \uacc4\uc18d\ud574\uc11c \ud558\ub77d\uc138\uc774\ub2e4. \uc218\uc218\ub8cc \ucd95\uc18c\ub294 \uc561\ud2f0\ube0c \uc8fc\uc2dd, \uc561\ud2f0\ube0c \ucc44\uad8c, \ud328\uc2dc\ube0c \uc8fc\uc2dd \ubc0f \ud5e4\uc9c0 \ud380\ub4dc, \uc0ac\ubaa8\ud380\ub4dc, \ubd80\ub3d9\uc0b0 \ub4f1 \ub300\uccb4\uc0c1\ud488\uc5d0 \ud2b9\ud788 \uac15\ub825\ud55c \uc601\ud5a5\uc744 \ubbf8\uce58\uace0 \uc788\ub2e4. \ud328\uc2dc\ube0c \ucc44\uad8c, MMF, \uba40\ud2f0\uc5d0\uc14b, \uc77c\ubd80 \ubd80\ub3d9\uc0b0 \uce74\ud14c\uace0\ub9ac \ub4f1 \ub2e8\uc9c0 \uba87 \uac1c\uc758 \uce74\ud14c\uace0\ub9ac\ub9cc\uc774 \uac74\uc7ac\ud558\ub2e4.<\/p>\n<p>\uacc4\uc18d\ub418\ub294 \uc218\uc218\ub8cc \uc555\ubc15\uacfc \uc800\ub9c8\uc9c4 \ud328\uc2dc\ube0c\uc0c1\ud488\uc73c\ub85c\uc758 \uc9c0\uc18d\uc801\uc778 \uc804\ud658\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 \uc218\uc775\uc131\uc774 \uac1c\uc120\ub41c \uac83\uc740 \ubd80\ubd84\uc801\uc73c\ub85c\ub294 \uc0c1\ud488\uad6c\uc131\uc758 \ubcc0\ud654 \ub54c\ubb38\uc774\uc5c8\ub2e4. \ub9ac\ud14c\uc77c \ubd80\ubb38\uc758 \ube44\uc911\uc740 2016\ub144 \uc804\uccb4 \uc6b4\uc6a9\uc790\uc0b0\uc758 37.5%\uc5d0\uc11c 2017\ub144 39%\ub85c \ud655\ub300\ub410\ub2e4.<\/p>\n<p>\ube44\uc6a9\uc774 0.5bp \ud558\ub77d\ud588\uc9c0\ub9cc, \uc774 \uc218\uce58\ub294 \ube44\uc6a9\uc808\uac10\uc744 \ubc18\uc601\ud560 \ubfd0 \ube44\uc6a9\uad00\ub9ac\ub97c \uc758\ubbf8\ud558\ub294 \uac83\uc740 \uc544\ub2c8\ub2e4. \uc2e4\uc81c \ube44\uc6a9\uc740 \ud3c9\uade0 \uc6b4\uc6a9\uc790\uc0b0 \uc131\uc7a5\uc758 69%\ub9cc\ud07c \uc99d\uac00\ud588\ub294\ub370 \uc774\ub294 \uad00\ub828\ub41c \uace0\uc815\ube44\uc758 \uc591\uc744 \uc0dd\uac01\ud558\uba74 \uc0c1\ub2f9\ud55c \uc0c1\uc2b9\uc774\ub2e4. \uae0d\uc815\uc801\uc73c\ub85c \uc0dd\uac01\ud55c\ub2e4\uba74, \uae30\uc5c5\ub4e4\uc740 \ud6a8\uc728\uc131\uc744 \uc99d\ub300\ud560 \uc218 \uc788\ub294 \uc0c1\ub2f9\ud55c \uae30\ud68c\uac00 \uc788\ub2e4\uace0 \ud574\uc11d\ud560 \uc218 \uc788\ub2e4. \ub9ce\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \uc544\uc9c1 \ube44\uc6a9\uad00\ub9ac\uc758 \uc911\uc694\uc131\uc744 \uae68\ub2eb\uc9c0 \ubabb\ud588\ub2e4. \uc608\ub97c \ub4e4\uc5b4, 5\ub144 \uc804 \uc218\uc775\uc2e4\uc801\uc774 \ucd5c\ud558\uc704 \uc0ac\ubd84\uc704\uc600\ub358 \uc5c5\uccb4 \ub4e4 \uc911 80%\uac00 \uadf8 \uc774\ud6c4\ub85c\ub3c4 \uafb8\uc900\ud788 \ubd80\uc2e4\ud55c \uc2e4\uc801\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4.<\/p>\n<p><strong>\ubcf4\uae30 5.<\/strong> \uc6b4\uc6a9\uc790\uc0b0 \uc131\uc7a5\uc73c\ub85c \uc778\ud574 \ub9e4\ucd9c\uc774 \ube44\uc6a9\ubcf4\ub2e4 \ub354 \ud06c\uac8c \uc0c1\uc2b9\ud558\uba74\uc11c, 2017\ub144 \uae00\ub85c\ubc8c \uc774\uc775\ub960\uc740 \uae30\ub85d\uc801\uc778 \uc218\uc900\uc73c\ub85c \uce58\uc19f\uc558\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-663 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e05.png\" alt=\"\" width=\"565\" height=\"800\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e05.png 565w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e05-212x300.png 212w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e05-297x420.png 297w\" sizes=\"auto, (max-width: 565px) 100vw, 565px\" \/><\/p>\n<p><strong>\ubcf4\uae30 6.<\/strong> \uc6b4\uc6a9\uc790\uc0b0 \uad00\ub828 \uc21c\ub9e4\ucd9c\uc740 \ud558\ub77d\ud588\uc9c0\ub9cc \uc218\uc775\uc131\uc740 \uc99d\uac00\ud588\ub2e4.<\/p>\n<h3><\/h3>\n<h3><span style=\"font-size: 18pt;\"><strong>\uce68\ucc29\ud568\uc744 \uc720\uc9c0\ud558\uba74\uc11c, \uc77c\uc2dc\uc801\uc778 \ud604\uc0c1\uc784\uc744 \uae30\uc5b5\ud560 \uac83<\/strong><\/span><\/h3>\n<p>\uac04\ub2e8\ud788 \ub9d0\ud574\uc11c, 2017\ub144 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \ub204\ub9b0 \uc218\uc775\uacfc \uc720\uc785\uc561\uc758 \uace0\uc131\uc7a5\uc740 \ud2b8\ub80c\ub4dc\ub77c\uae30\ubcf4\ub2e4\ub294 \uc77c\uc2dc\uc801\uc778 \ud604\uc0c1\uc77c \uc218 \uc788\ub2e4. \uc774\ub7f0 \ud604\uc0c1\uc740 \uc624\ub798 \uc9c0\uc18d\ub418\uc9c0\ub294 \uc54a\uc744 \uac83\uc774\ub2e4. \uc624\ud788\ub824, \uc218\uc218\ub8cc \uc555\ub825\uc740 \uc9c0\uc18d\ub418\uace0 \uc2dc\uc7a5\uc740 \ubcc0\ub3d9\uc744 \uac70\ub4ed\ud560 \uac83\uc774\ub2e4. \uba87 \ub144 \ub0b4\ub85c \uc2dc\uc7a5\uc774 \uce68\uccb4\ub420 \uac00\ub2a5\uc131\uc774 \uc788\uc73c\uba70, \uadf8\ub807\uac8c \ub41c\ub2e4\uba74, \uc218\uc775\uc740 \ud604\uc7ac \ub9c8\uc9c4\ubcf4\ub2e4 5\uc5d0\uc11c 10% \ud3ec\uc778\ud2b8 \ub0ae\uc740 \uc218\uce58\uc778 \uc21c\ub9e4\ucd9c\uc758 27%\uc5d0\uc11c 32% \uc815\ub3c4\ub85c \ucd95\uc18c\ub420 \uc218\ub3c4 \uc788\ub2e4. (2018\ub144 5\uc6d4 BCG \ud3ec\ucee4\uc2a4, \u2018The Hidden Pressures on Asset Managers\u2019 \ucc38\uc870.)<\/p>\n<p>\uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc804\ub144\ub3c4\uc758 \uac15\ub825\ud55c \uc2e4\uc801\uc744 \ucd5c\ub300\ud55c \uc774\uc6a9\ud574 \ubcf4\uc720 \uc790\ubcf8\uacfc \uc778\uc7ac\ub97c \ud65c\uc6a9\ud558\uace0 \ubbf8\ub798\uc131\uc7a5\uc5d0 \uc7ac\ud22c\uc790\ud574\uc57c \ud560 \uac83\uc774\ub2e4. \uc18c\uc720\uc790\uc758 \uad00\uc810\uc5d0\uc11c \uc7a5\uae30\uc801\uc73c\ub85c \uc0dd\uac01\ud560 \uc218 \uc788\ub2e4\uba74, \uacbd\uc7c1 \uc5c5\uccb4\ub4e4\uacfc\ub294 \ub2e4\ub978 \ucc28\ubcc4\uc131\uc744 \ubb34\uae30\ub85c \uc790\uc0b0\uc6b4\uc6a9\uc0b0\uc5c5\uc758 \uc2b9\uc790\uac00 \ub420 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p><strong>\ucc38\uc870<\/strong><br \/>\n1. \ubcf8 \ubcf4\uace0\uc11c\uc758 \uacbd\uc81c \ub370\uc774\ud130 \ubc0f \uc790\uc0b0\ud750\ub984 \ub370\uc774\ud130\ub2942018\ub144 5\uc6d4 BCG \ud3ec\ucee4\uc2a4, \u2018The Hidden Pressures on Asset Managers\u2019 \uc758 \uae30\ucd08 \ub370\uc774\ud130\uc640 \uacc4\uc0b0\ub0b4\uc6a9\uc744 \uc218\uc815 \ubc0f \ud655\ub300\ud55c \uac83\uc774\ub2e4. \uc55e\uc11c \ubd84\uc11d\ud55c \uc218\uce58\ub294 30\ub300 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub97c \ud1b5\ud574 \uc678\ubd80\uc5d0\uc11c \uc81c\uacf5\ubc1b\uc740 \ub370\uc774\ud130\uc758 \ub300\ub7b5\uc801\uc778 \ucd08\uae30 \ubd84\uc11d\uc744 \uae30\uc900\uc73c\ub85c \ud588\ub2e4. \ubc18\uba74, \uc774 \ubcf4\uace0\uc11c\uc758 \ub370\uc774\ud130\ub294 \uc804\uc138\uacc4 \uc6b4\uc6a9\uc790\uc0b0\uc758 65% \uc774\uc0c1\uc744 \ucc28\uc9c0\ud558\uace0 \uae08\uc561\uc73c\ub85c\ub294 48\uc870\ub2ec\ub7ec\uc5d0 \ud574\ub2f9\ud558\ub294 165\uac1c \uc120\ub450 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub97c \ub9dd\ub77c\ud558\ub294 \uc790\uccb4 \uc0c1\ud5a5\uc2dd \ubca4\uce58\ub9c8\ud0b9 \ud3c9\uac00\uae30\uc900\uc744 \ud1b5\ud574 \ub3c4\ucd9c\ud55c \uac83\uc774\ub2e4.<\/p>\n<p>2. BCG \uc5f0\uad6c\uc870\uc0ac\ub294 \uc6b4\uc6a9\uc790\uc0b0\uc744, \uc218\uc218\ub8cc\ub97c \uc9c0\uae09\ubc1b\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc8fc\uccb4\uc5d0 \uc704\uc784\ub41c \uc5f0\uae30\uae08\uacfc \ubcf4\ud5d8\uadf8\ub8f9\uc758 \ucea1\ud2f0\ube0c \uc790\uc0b0 \ub4f1 \uc6b4\uc6a9\uc218\uc218\ub8cc\ub97c \ubc1b\uace0 \uc804\ubb38\uc801\uc73c\ub85c \uc6b4\uc6a9\ub418\ub294 \uc790\uc0b0\uc73c\ub85c \uc815\uc758\ud55c\ub2e4. \uc774 \uc5f0\uad6c\uc870\uc0ac\ub294 \uc138\uacc4\uc801\uc73c\ub85c 44\uac1c \uc2dc\uc7a5\uc744 \ub2e4\ub8ec\ub2e4. \ubbf8\uad6d \ub2ec\ub7ec\ud654 \uc678\uc758 \ud654\ud3d0\ub97c \uc0ac\uc6a9\ud558\ub294 \ubaa8\ub4e0 \uad6d\uac00\ub4e4\uc5d0 \ub300\ud574\uc11c\ub294, \uacfc\uac70 \ub370\uc774\ud130\ub97c \uac19\uc740 \uae30\uc900\uc73c\ub85c \ube44\uad50\ud558\uae30 \uc704\ud574, 2017\ub144 \uc5f0\ub9d0\uae30\uc900 \ud658\uc728\uc744 \uacfc\uac70 \ubaa8\ub4e0 \uc5f0\ub3c4\uc5d0 \uc77c\uad04 \uc801\uc6a9\ud588\ub2e4. \uc62c\ud574 \ubcf4\uace0\uc11c\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc774 \uacfc\uac70 \ub144\ub3c4 \ubcf4\uace0\uc11c\uc5d0 \ube44\ud574 \ucc28\uc774\uc810\uc740 \ud658\uc728\ubcc0\ud654, \uc77c\ubd80 \uc2dc\uc7a5\uc5d0 \ub300\ud574 \ubc29\ubc95\ub860 \ubcc0\ud654, \uc8fc\uc694 \ucd9c\ucc98\uc758 \ub370\uc774\ud130 \ubcc0\ud654\ub85c \uc778\ud55c \uac83\uc774\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\uac00\uce58\ucc3d\ucd9c\uc744 \uc704\ud574, \uc18c\uc720\uc790\ucc98\ub7fc \uc0dd\uac01\ud558\ub77c<\/strong><\/span><\/h3>\n<p>\ucd5c\uadfc \uba87 \ub144\uac04 \uc790\uc0b0\uc6b4\uc6a9 \uc2e4\uc801\uc774 \uac1c\uc120\ub428\uc5d0 \ub530\ub77c \uc6b4\uc6a9\uc790\uc0b0, \ub9c8\uc9c4, \uc218\uc775\uc131 \ub4f1 \ube44\uc988\ub2c8\uc2a4\uc758 \uae30\ucd08\uc694\uc18c \uc678\uc5d0\ub3c4 \uadf8 \uc601\ud5a5\uc774 \ud655\ub300\ub418\uace0 \uc788\ub2e4. \uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc790\uc0b0\uc18c\uc720\uc790\ub4e4\uc5d0\uac8c \ud6cc\ub96d\ud55c \ud22c\uc790\uc218\uc775, \uc989 \uae30\uc5c5\uc758 \uc18c\uc720\uc790\ub4e4\uc774 \ubc1b\uac8c \ub418\ub294 \uc774\uc775\uc758 \uae30\uc900\uc9c0\ud45c\uc778 \ucd1d\uc8fc\uc8fc\uc218\uc775\ub960(TSR)\ub85c \uadf8 \ubcf4\ub2f5\uc744 \ud588\ub2e4.<\/p>\n<p>\uc9c0\ub09c 5\ub144\uac04, \uc0c1\uc7a5 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 TSR\uc740 \ud3c9\uade0 12.2%\ub85c, MSCI \uc9c0\uc218(MSCI World Index) 9.5% \ub97c \ud3ec\ud568\ud574 \uae00\ub85c\ubc8c \uc8fc\uc2dd\uc2dc\uc7a5\uc774 \ubcf4\uc5ec\uc900 \uac15\ub825\ud55c \uc2e4\uc801\uc744 \ub6f0\uc5b4\ub118\uc5c8\ub2e4. \uc774\ub294, \uc5b4\ub290 \uc815\ub3c4\ub294 \uae08\uc735\uc704\uae30 \uc774\ud6c4\uc758 \ubc18\ub4f1\uc778 \uac83\uacfc \uae00\ub85c\ubc8c \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \ud638\ud669\ub355\ubd84\uc5d0 \uc6b4\uc6a9\uc790\uc0b0\uc774 \uc131\uc7a5\ud55c \uc810\uc774 \uc788\ub2e4\uace0\ub294 \ud574\ub3c4, \ub300\ub2e8\ud55c \uc5c5\uc801\uc774\ub2e4. \ub354\uc6b1 \uc778\uc0c1\uc801\uc778 \uac83\uc740, \ud558\uc704 3\uac1c \uc0ac\ubd84\uc704 \uc5c5\uccb4\ub4e4\uc774 9.1%\uc5d0 \ube44\ud574, \ucd5c\uc0c1\uc704 \uc0ac\ubd84\uc704 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 20%\uc758 \uc5f0\uac04 TSR\uc744 \ubcf4\uc778 \uc810\uc774\ub2e4. (\ubcf4\uae30 7 \ucc38\uc870.)<\/p>\n<p><strong>\ubcf4\uae30 7.<\/strong> \ucd5c\uc0c1\uc704 \uc0ac\ubd84\uc704\uc5d0 \uc18d\ud55c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 TSR\uc740 \uc9c0\ub09c 5\ub144\uac04, \ud638\ud669\uc778 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \uc2e4\uc801\uacfc \ub098\uba38\uc9c0 \uc0ac\ubd84\uc704\ub4e4\uc758 \uc2e4\uc801\uc744 \ub2a5\uac00\ud55c\ub2e4.<\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-664 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17.png\" alt=\"\" width=\"1440\" height=\"1100\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17.png 1440w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17-300x229.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17-1024x782.png 1024w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17-768x587.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17-696x532.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17-1068x816.png 1068w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17-550x420.png 550w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ud654\ud559\uc0b0\uc5c5-\ubc18\ub4f1-\uc778\ub3c4\ubd80\uc0c17-80x60.png 80w\" sizes=\"auto, (max-width: 1440px) 100vw, 1440px\" \/><\/h3>\n<h3><\/h3>\n<h3><span style=\"font-size: 18pt;\"><strong>\uc2b9\uc790\ub4e4\uc740 \ubb34\uc5c7\uc774 \ub2ec\ub790\ub294\uac00<\/strong><\/span><\/h3>\n<p>\uc774 \uac19\uc740 \uc2e4\uc801\uaca9\ucc28\ub294 \uc720\uc6a9\ud55c \uc790\ub8cc\uac00 \ub41c\ub2e4. TSR \ub370\uc774\ud130\ub97c \uc138\ubd84\ud654\ud558\uba74, \uc7a5\uae30 \uac00\uce58\ub97c \ucc3d\ucd9c\ud558\uace0 \uc9c0\uc18d\uc801\uc778 \uc131\uc7a5\uc744 \uc774\ub04c\uc5b4\ub0b8 \uae30\uc5c5\ub4e4\uc744 \uad6c\ubcc4\ud560 \uc218 \uc788\uace0, \uc774 \uae30\uc5c5\ub4e4\uc774 \ub2e4\ub978 \uae30\uc5c5\ub4e4\uacfc \uc5b4\ub5a4 \ucc28\uc774\uc810\uc774 \uc788\uc5c8\ub294\uc9c0\ub97c \ud655\uc778\ud560 \uc218 \uc788\ub2e4. \ubb3c\ub860, TSR\uc740 \uc8fc\uc2dd\uac00\uce58 \ud3c9\uac00\uc561\uacfc \uc8fc\uc8fc\ub4e4\uc5d0\uac8c \uc9c0\uae09\ub418\ub294 \ubc30\ub2f9\uae08\uc758 \ud569\uc774\uae30 \ub54c\ubb38\uc5d0, \uc774\ub294 \uc0c1\uc7a5\uae30\uc5c5\uc5d0 \ub300\ud574\uc11c\ub9cc \uce21\uc815\ud560 \uc218 \uc788\ub2e4. \ud558\uc9c0\ub9cc, \uc131\uacf5\uc758 \uc6d0\ub3d9\ub825\uc774 \uc0ac\uae30\uc5c5\uc774\ub098 \ub300\ud615 \uae08\uc735\uadf8\ub8f9\uc758 \uc790\ud68c\uc0ac\uc640 \ub300\ub2e8\ud788 \ub2e4\ub97c \uac83\uc774\ub77c\uace0 \uc0dd\uac01\ud560 \uc774\uc720\ub294 \uc5c6\ub2e4.<\/p>\n<p>\ub2e4\uad6d\uc801 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc758 \ud45c\ubcf8\uc744 \ubd84\uc11d\ud55c \uacb0\uacfc \ucd5c\uc0c1\uc704 \uc0ac\ubd84\uc704\uc5d0 \uc18d\ud55c \uae30\uc5c5\ub4e4\uc740 \uc218\uc775\uc744 \ub0b4\uba74\uc11c, \uc131\uc7a5\ud558\ub294 \ubc95\uc744 \ucc3e\uc740 \uae30\uc5c5\ub4e4\uc774\uc5c8\ub2e4. TSR \uc2e4\uc801 \ucd5c\uc0c1\uc704 \uc0ac\ubd84\uc704\uc5d0 \uc18d\ud558\uae30 \uc704\ud55c \ud655\uc2e4\ud55c \ube44\uacb0\uc740 \uc2dc\uc7a5\uc5d0 \ub4a4\uccd0\uc9c0\uc9c0 \uc54a\uac8c \uc131\uc7a5\uc744 \uc9c0\uc18d\ud558\ub294 \ub3d9\uc2dc\uc5d0, \uac00\uaca9\uc744 \uc720\uc9c0\ud558\uace0 \ub9c8\uc9c4\uc744 \ud655\ub300\ud558\ub294 \uac83\uc774\uc5c8\ub2e4.<\/p>\n<p>\ucd5c\uc0c1\uc704 \uc0ac\ubd84\uc704 \uae30\uc5c5\ub4e4\uc758 \uc6b4\uc6a9\uc790\uc0b0 \uc131\uc7a5\uc740 \ub3d9\uc885\uc5c5\uacc4 \uae30\uc5c5\ub4e4\uacfc \uc720\uc0ac\ud55c \ubc18\uba74, \uc6b4\uc6a9\uc790\uc0b0\ubcc4 \ub9e4\ucd9c\uc740 \ub2e4\uc18c \uc791\uac8c \ub098\ud0c0\ub0ac\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c, \uc218\uc775 \uce21\uba74\uc5d0\uc11c \ub3d9\uc885\uae30\uc5c5\ub4e4\uc774 \ub9c8\uc9c4\ucd95\uc18c\ub97c \uacbd\ud5d8\ud55c \ubc18\uba74, \uc774\ub4e4\uc740 EBITDA \ub9c8\uc9c4\uc744 \ud655\ub300\ud588\ub2e4. \uc0c1\ud488 \uc804\ub7b5\uc5d0 \uc788\uc5b4\uc11c\ub294, \ucd5c\uc0c1\uc704 \uc0ac\ubd84\uc704 \uc790\uc0b0 \uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ub192\uc740 \ub9c8\uc9c4\uc744 \ubcf4\ud638\ud558\uace0 \uc720\uc9c0\ud560 \uc218 \uc788\ub294 \uc791\uc740 \uaddc\ubaa8\uc758 \ud2c8\uc0c8\uc2dc\uc7a5\uacf5\ub7b5 \uae30\uc5c5\ub4e4(\uc608\ub97c \ub4e4\uc5b4, \ub300\uccb4\uc0c1\ud488\uc774\ub098 \uc804\ubb38\uc0c1\ud488\uc744 \ucde8\uae09\ud558\ub294)\uc774\uac70\ub098 \uc8fc\ub85c \ud328\uc2dc\ube0c \uc0c1\ud488\uc5d0\uc11c \uac15\ub825\ud55c \uc131\uc7a5\uc744 \ubcf4\uc778 \ub300\ud615 \uae30\uc5c5\ub4e4\uc774\uc5c8\ub2e4.<\/p>\n<p>\ud2c8\uc0c8\uc2dc\uc7a5\uc758 \uc804\ubb38\uc0c1\ud488 \uc5c5\uccb4\uc640 \ub300\ud615 \uc5c5\uccb4 \uc0ac\uc774\uc5d0 \uc788\ub294 \uc911\uac04 \uaddc\ubaa8\uc758 \uc804\ud1b5\uc801\uc778 \ud575\uc2ec \uc790\uc0b0 \uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ub4a4\uccd0\uc9c4 \uc131\uc801\uc744 \ubcf4\uc600\ub2e4. \uc774\ub7f0 \uc2e4\uc801\uc744 \uc9c0\uc18d\ud55c\ub2e4\uba74, \uc2dc\uc7a5\uc810\uc720\uc728\uc774 \uc904\uc5b4\ub4e4\uace0 \uc218\uc218\ub8cc \uc555\ubc15\uc774 \uac70\uc138\uc9c8 \uac83\uc774\uace0 \uacb0\uad6d \ubbf8\ub798 \uc131\uc7a5\uc744 \uc704\ud574 \ud544\uc694\ud55c \ucd5c\uace0 \uc778\uc7ac\uc640 \ud601\uc2e0\uae30\uc220\uc744 \uc704\ud55c \ud22c\uc790\uc5d0 \uc5b4\ub824\uc6c0\uc774 \ucee4\uc9c8 \uc218 \ubc16\uc5d0 \uc5c6\uc744 \uac83\uc774\ub2e4.<\/p>\n<h3><span style=\"font-size: 14pt;\"><strong>\uc2b9\uc790\ub4e4\uc740 \uc8fc\uac00\ubc30\uc218(multiple)\uac00 \ub192\ub2e4<\/strong><\/span><\/h3>\n<p>\ucd5c\uace0\uc0ac\ubd84\uc704 \uae30\uc5c5\ub4e4\uc740 \uae30\ubcf8\uc801\uc73c\ub85c \ub354 \uac15\ub825\ud55c \uc2e4\uc801\uc744 \ubcf4\uc77c \ubfd0 \uc544\ub2c8\ub77c, \uc8fc\uac00\ubc30\uc218, \uc989 TSR \ub300\ube44 \uc218\uc775\uc728, \uc5d0\uc11c\ub3c4 \ub354 \ube60\ub978 \uc131\uc7a5\uc138\ub97c \ubcf4\uc600\ub2e4. \ub530\ub77c\uc11c, \uc774 \uae30\uc5c5\ub4e4\uc740 \uc774\ubbf8 \ub192\uc740 EBITDA \uc131\uc7a5\uc5d0 \uc774\uc5b4 \ub192\uc740 \uc8fc\uac00\ubc30\uc218\ub97c \ub2ec\uc131\ud558\uba74\uc11c \ub450 \ubc30\ub85c \uc120\ud638\ub410\ub2e4. (\ubcf4\uae30 8 \ucc38\uc870.)<\/p>\n<p><strong>\ubcf4\uae30 8.<\/strong> TSR \ucd08\uacfc\ub2ec\uc131\uae30\uc5c5\ub4e4\uc740 \uacbd\uc7c1\uc5c5\uccb4\ub4e4\uc5d0 \ube44\ud574 \uae08\uc735\uc2e4\uc801\uc774 \ub354 \uac15\ub825\ud558\uace0 EBITDA \ubc30\uc218\uac00 \ub354 \ud06c\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-666 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-8.png\" alt=\"\" width=\"803\" height=\"438\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-8.png 803w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-8-300x164.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-8-768x419.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-8-696x380.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-8-770x420.png 770w\" sizes=\"auto, (max-width: 803px) 100vw, 803px\" \/><\/p>\n<p>BCG \ud68c\uadc0\ubd84\uc11d\uc744 \ud1b5\ud574 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 \uc8fc\uac00\ubc30\uc218 \ubcc0\ub3d9\uc744 \uac70\uc758 90% \uc88c\uc6b0\ud558\ub294 \ub124 \uac00\uc9c0 \ud575\uc2ec \uc694\uc18c\ub97c \uc815\ub9ac\ud588\ub2e4. EBITDA \ub9c8\uc9c4-\ud639\uc740 \ucd1d\ub9e4\ucd9c \ub300\ube44 EBITDA \ube44\uc728-\uc740 \uc774 \uc911 \uac00\uc7a5 \uc911\uc694\ud55c \uc694\uc18c\uc774\uba70, \ub9e4\ucd9c\uc131\uc7a5, \uaddc\ubaa8, \ubc30\ub2f9\uae08 \uc9c0\uae09\uc774 \uadf8 \ub4a4\ub97c \uc787\ub294\ub2e4. EBITDA \uac00 1% \uc99d\uac00\ud560 \ub54c, \uc774\uac83\uc774 \ub9e4\ucd9c\uc131\uc7a5\ubcf4\ub2e4\ub294 \ub9c8\uc9c4 \uac1c\uc120\uc5d0\uc11c \ube44\ub86f\ub41c \uac83\uc774\uba74, TSR\uc740 50% \uc774\uc0c1 \uc99d\uac00\ud55c\ub2e4.<\/p>\n<p>\ud22c\uc790\uc790\ub4e4\uc774 \uc624\ub7ab\ub3d9\uc548 \uc218\uc775\uc744 \ub204\ub824\uc628 \uac83\uc744 \uc0dd\uac01\ud560 \ub54c, \uc5b4\ub290 \uc2dc\uc810\uc774 \ub418\uba74, \uc2ec\uac01\ud55c \uc2dc\uc7a5 \uc5ed\uc804\uc774 \ubc1c\uc0dd\ud560 \uc218 \uac83\uc774\ub2e4. 2018\ub144 \uc0c1\ubc18\uae30\uc5d0 TSR\uc774 \uae09\ub77d\ud55c \uac83\uc744 \ubcf4\uba74 \uc54c \uc218 \uc788\ub4ef\uc774, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc774\ub7f0 \ud558\ub77d\uc5d0 \ucde8\uc57d\ud560 \uc218 \ubc16\uc5d0 \uc5c6\ub2e4. \ud558\uc9c0\ub9cc, \uc18c\uc720\uc790\uc758 \uc785\uc7a5\uc5d0\uc11c \uc0dd\uac01\ud558\uace0 \ub9c8\uc9c4\uac1c\uc120\uc744 \uc704\ud55c \uc870\uce58\ub97c \ucde8\ud55c\ub2e4\uba74 \uc720\ub9ac\ud55c \uc785\uc7a5\uc5d0\uc11c \ube44\uc988\ub2c8\uc2a4\ub97c \uc6b4\uc601\ud558\uba74\uc11c \uadf8 \ud53c\ud574\ub97c \ucd5c\uc18c\ud654\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \uc989, \ub354 \ub192\uc740 \ub9c8\uc9c4\uc744 \ucd94\uad6c\ud558\ub294 \ube44\uc988\ub2c8\uc2a4\ub85c \ubc1c\uc804\ud574\uac00\uba74\uc11c \u2013\uc0c8\ub85c\uc6b4 \uc0c1\ud488, \uc9c0\uc5ed, \uace0\uac1d\uce35\uc744 \ud1b5\ud574- \ube44\uc6a9\uc744 \uc808\uac10\ud558\ub294 \uac83\uc774\ub2e4. (\u2018\ube44\uc6a9\uc808\uac10\uc744 \ud1b5\ud55c \uc131\uc7a5: \uc9c0\uc18d\uc801\uc778 \ub9e4\ucd9c\uc99d\ub300 \uc218\ub2e8\u2019 \ucc38\uc870.)<\/p>\n<h3><span style=\"font-size: 18pt;\"><strong>\ube44\uc6a9\uc808\uac10\uc744 \ud1b5\ud55c \uc131\uc7a5<\/strong><\/span><\/h3>\n<p><span style=\"font-size: 14pt;\"><strong>\uc9c0\uc18d\uc801\uc778 \ub9e4\ucd9c\uc99d\ub300 \uc218\ub2e8<\/strong><\/span><\/p>\n<p>\uae30\ub85d\uc801\uc778 \uc774\uc775\uc744 \ub2ec\uc131\ud55c \ub2e4\uc74c \ud574\uc5d0, \ube44\uc6a9\uc808\uac10\uc744 \uc704\ud55c \uad00\uc2ec\uacfc \ub178\ub825\uc744 \uc9d1\uc911\ud558\ub294 \uac83\uc740 \ub9ce\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc5d0\uac8c \uc788\uc5b4 \uc9c1\uad00\uc5d0 \ubc18\ud558\ub294 \uc870\uce58\uc77c \uac83\uc774\ub2e4. \ud558\uc9c0\ub9cc \uc9c0\uae08\uc774\uc57c\ub9d0\ub85c \ud589\ub3d9\ud560 \ub54c\uc774\ub2e4.<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\uc5b8\uc81c, \uc5b4\ub514\uc11c \ube44\uc6a9\uc744 \uc808\uac10\ud560 \uac83\uc778\uac00<\/strong><\/span><\/p>\n<p>\ub9c8\uc9c4\uacfc \uc218\uc775\uc744 \uafb8\uc900\ud788 \ucca0\uc800\ud558\uac8c \uad00\ub9ac\ud558\ub294 \uac83\uc740-\uc2e4\uc81c\ub85c, \uc18c\uc720\uc790\uc758 \ub9c8\uc74c\uc73c\ub85c \uad00\ub9ac\ud558\ub294 \uac83\uc740- \ube44\uc988\ub2c8\uc2a4\uc640 \ub9e4\ucd9c \ubaa8\ub450\uc758 \uc7a5\uae30\uc131\uc7a5\uc5d0 \uae30\ubcf8\uc774 \ub428\uc744 BCG\uc758 TSR \ubd84\uc11d\uc744 \ud1b5\ud574\uc11c\ub3c4 \uc54c \uc218 \uc788\ub2e4. 2018\ub144 \ucd08 \ubd80\uc2e4\ud55c \uc218\uc775\uc740 \uc2dc\uc7a5 \uc0c1\ud669\uc774 \ud56d\uc0c1 2017\ub144\ub9cc\ud07c \uc88b\uc744 \uc218\ub294 \uc5c6\ub2e4\ub294 \uac83\uc744 \uc0c1\uae30\uc2dc\ucf1c\uc8fc\ub294 \uac83\uc774\uc5c8\uace0, \uc790\uc0b0 \uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ud604\uc7ac\uc758 \uc720\ub9ac\ud55c \uc785\uc7a5\uc744 \uc774\uc6a9\ud574 \uadf8\ub4e4\uc758 \uc0ac\uc5c5\uc6b4\uc601\uacfc \uc870\uc9c1\uc804\ubc18\uc5d0 \uac78\uccd0 \uad6c\uc870\uc801\uc73c\ub85c \ube44\uc6a9\uc744 \uc808\uac10\ud558\uae30 \uc704\ud574 \ud544\uc694\ud55c \uc791\uc5c5\uc744 \uc2dc\uc791\ud574\uc57c \ud55c\ub2e4. \uc774\ub7f0 \uc811\uadfc\uc744 \ud1b5\ud574 \ub2e4\uc74c \ubc88 \uacbd\uae30 \ud558\ub77d\uc2dc\uc5d0 \ub9c8\uc9c4\uc744 \ubcf4\ud638\ud558\ub294 \uac83\uc740 \ubb3c\ub860\uc774\uace0, \ud604\uae08\ud750\ub984\uc744 \uc6d0\ud65c\ud558\uac8c \ud574 \uc131\uc7a5\ucd09\uc9c4\uc5d0 \ud544\uc694\ud55c \ud22c\uc790\ub97c \ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p>\ub300\ubd80\ubd84\uc758 \uae30\uc5c5\ub4e4\uc5d0\uac8c \ube44\uc6a9\uc744 \uc808\uac10\ud558\uace0 \uadf8\uc5d0 \ub530\ub978 \uc0c1\ub2f9\ud55c \ubcf4\uc0c1\uc744 \uc5bb\uc744 \uc218 \uc788\ub294 \uae30\ud68c\uac00 \ubb34\uad81\ubb34\uc9c4\ud558\ub2e4. \uadf8 \uc99d\uac70\ub294 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4 \uac04\uc758 \uc6b4\uc601\ud6a8\uc728\uc131\uc5d0 \ud070 \uaca9\ucc28-\ucd5c\uc0c1\uc704 \uc0ac\ubd84\uc704 \uc5c5\uccb4\ub4e4\uacfc \uc77c\ubc18\uc801\uc778 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4 \uac04\uc758 \ud070 \uaca9\ucc28-\uac00 \uc788\uc74c\uc744 \ubcf4\uba74 \uc54c \uc218 \uc788\ub2e4. \uc774 \uaca9\ucc28\ub97c \ubc18\uc73c\ub85c \uc904\uc778\ub2e4\uba74 \uc6b4\uc6a9\uc790\uc0b0 3000\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc5d0\uac8c \uc57d 15%, \uae08\uc561\uc73c\ub85c\ub294 7000\ub9cc \ub2ec\ub7ec\uc758 \ube44\uc6a9\uc808\uac10 \ud6a8\uacfc\uac00 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p>\ud6a8\uc728\uc131\uc758 \uaca9\ucc28\uac00 \ud070 \uac83\uc740 \uae30\uc5c5\ub4e4\uc774 \ube44\uc6a9\uc808\uac10\uc744 \ud1b5\ud574 \uc5bb\uc744 \uc218 \uc788\ub294 \uc6b0\uc704\uac00 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-667 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e09.png\" alt=\"\" width=\"879\" height=\"576\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e09.png 879w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e09-300x197.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e09-768x503.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e09-696x456.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e09-641x420.png 641w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e09-741x486.png 741w\" sizes=\"auto, (max-width: 879px) 100vw, 879px\" \/><\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\uc5b4\ub5bb\uac8c \ube44\uc6a9\uc744 \ud6a8\uacfc\uc801\uc73c\ub85c \uc808\uac10\ud560 \uac83\uc778\uac00<\/strong><\/span><\/p>\n<p>BCG \uacbd\ud5d8\uc0c1, \uc815\uad50\ud558\uac8c \uacc4\uc0b0\ub41c \uccb4\uacc4\uc801\uc778 \uc811\uadfc\ubc95\uc73c\ub85c \ube44\uc6a9\uc808\uac10\uc744 \ud558\ub294 \uc6b4\uc6a9\uc0ac\ub4e4\uc774 \ube44\uc6a9\uc744 \uc808\uac10\ud558\uace0 \ub9c8\uc9c4\uc744 \uac1c\uc120\uc2dc\ud0ac\uc218 \uc788\uc73c\uba70 \uc774 \ubcc0\ud654\ub97c \uafb8\uc900\ud788 \uc9c0\uc18d\ud560 \uc218 \uc788\ub2e4. \uc5ec\uae30\uc5d0\ub294 \ud68c\uc0ac\uc758 \uc6b4\uc601\ubaa8\ub378\uacfc \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc744 \ubaa8\ub450 \ubcc0\ud654\uc2dc\ud0a4\ub294 \uac83\ub3c4 \ud3ec\ud568\ub41c\ub2e4.<\/p>\n<p>\ud544\uc694\ud55c \uc870\uce58\ub294 \ud06c\uac8c \ub450 \ub2e8\uacc4\ub85c \uc774\ub8e8\uc5b4\uc9c4\ub2e4.<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>\u2022 \uc6b4\uc601\ubaa8\ub378 \ucd5c\uc801\ud654.<\/strong> <\/span>\uc774 \uc791\uc5c5\uc744 \ud1b5\ud574 \ubcf4\ud1b5 10%\uc5d0\uc11c 20%\uc758 \ucd1d \ube44\uc6a9\uc808\uac10\uc774 \uac00\ub2a5\ud558\ub2e4. \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uc758 \uc870\uc9c1(\uc608\ub97c \ub4e4\uc5b4, \uad00\ub9ac \ub2e8\uacc4\ub97c \uc904\uc774\uace0 \uacf5\uc720\uc11c\ube44\uc2a4\ub97c \ucc3d\ucd9c\ud558\ub294 \ub4f1), \ud504\ub85c\uc138\uc2a4(\uc790\ub3d9\ud654 \ubc0f \uc544\uc6c3\uc18c\uc2f1 \ub4f1), \uae30\uc220(\uc608\ub97c \ub4e4\uc5b4, IT \uc5b4\ud50c\ub9ac\ucf00\uc774\uc158 \uac1c\uc120 \ud639\uc740 \ud074\ub77c\uc6b0\ub4dc \ub9c8\uc774\uadf8\ub808\uc774\uc158) \uad00\ub828 \ubb38\uc81c\ub97c \ucde8\uae09\ud55c\ub2e4.<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\u2022 <span style=\"font-size: 12pt;\">\ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378 \uc7ac\uc9d1\uc911.<\/span><\/strong> <\/span>\uc774 \ub2e8\uacc4\uc5d0\uc11c\ub294 \ube44\uc6a9\uc808\uac10\uacfc \ub9c8\uc9c4 \uac1c\uc120\uc744 \ub354\uc6b1 \uac15\ub825\ud788 \ucd94\uc9c4\ud574 \ub9e4\ucd9c\uc744 10% \uc774\uc0c1 \uac1c\uc120\uc2dc\ud0ac \uc218 \uc788\ub2e4. \uc8fc\ub85c \uae30\uc5c5\uc758 \ud575\uc2ec \ud22c\uc790 \uc0ac\uc5c5\uc744 \uc911\uc2ec\uc73c\ub85c \ud558\uba70, \ud22c\uc790\ub370\uc2a4\ud06c\uc640 \ud2b8\ub808\uc774\ub529 \ud50c\ub7ab\ud3fc\uc744 \ud1b5\ud569\ud558\uace0, \uc5f0\uad6c\uc870\uc0ac\ub97c \uacf5\ub3d9\uc73c\ub85c \ucd94\uc9c4\ud558\uace0, \uc2e4\uc801\uc774 \uc800\uc870\ud55c \uc0c1\ud488\uc744 \uc815\ub9ac\ud558\ub294 \ub4f1\uc758 \uc870\uce58\ub97c \uc2e4\uc2dc\ud55c\ub2e4. \ub610\ud55c, \uc601\uc5c5\uc744 \ud1b5\ud569\ud558\uace0 \uc9c0\uc5ed \ud5c8\ube0c\uc5d0\uc11c \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\uac70\ub098 \ube44\uc988\ub2c8\uc2a4 \uc6b0\uc120\uc218\uc704\uc5d0 \ub530\ub77c \uace0\uac1d\uad00\ub9ac\ub97c \uc870\uc815\ud558\ub294 \ub4f1\uc758 \uc720\ud1b5\ube44\uc6a9\uc808\uac10\ub178\ub825\ub3c4 \ud3ec\ud568\ub41c\ub2e4.<\/p>\n<p>\ud6a8\uacfc\uc801\uc73c\ub85c \ub9de\ucda4\ud654\ub41c\ub2e4\uba74, \uc774\ub7f0 \ub450 \uac00\uc9c0 \uc811\uadfc\uc744 \ud1b5\ud574 \uc5b4\ub5a4 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub77c\ub3c4 \ud544\uc694\ud55c \ube44\uc6a9\uc808\uac10 \ub300\ucc45\uc744 \uccb4\uacc4\uc801\uc73c\ub85c \ud30c\uc545\ud560 \uc218 \uc788\ub2e4. \ud558\uc9c0\ub9cc, \ub300\ucc45\uc744 \uc54c\uc544\ub0b4\ub294 \uac83\uc774 \ubc18\ub4dc\uc2dc \uc131\uacf5\uc744 \ubcf4\uc7a5\ud558\ub294 \uac83\uc740 \uc544\ub2c8\ub2e4. \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc77c\ubc18\uc801\uc73c\ub85c \ub192\uc740 \ub9c8\uc9c4\uc744 \ub204\ub9ac\uace0 \uc9c0\ucd9c\uc758 \uc0c1\ub2f9\ubd80\ubd84\uc774 \uc7ac\ub7c9\uc5d0 \uc758\ud55c \uac83\uc774\uae30 \ub54c\ubb38\uc5d0-\uc2e4\uc801\uc774 \uc88b\uc9c0 \uc54a\uc740 \ud574\uc5d0\ub294 \uc0c1\uc5ec\uae08\uc744 \uc0ad\uac10\ud558\ub294 \ubc29\uc2dd\uc73c\ub85c- \ube44\uc6a9\uc808\uac10\uc744 \uc6b0\uc120\uc801\uc73c\ub85c \ucde8\uae09\ud558\ub294 \uac83\uc740 \ub9e4\uc6b0 \ub4dc\ubb38 \uc77c\uc774\uc5c8\ub2e4. \uc2e4\uc81c\ub85c, \uace0\uc704 \uacbd\uc601\uc9c4\ub4e4\uc740 \uc774\ub7f0 \ud504\ub85c\uadf8\ub7a8\uc774 \ud68c\uc0ac\uc758 \uc131\uc7a5\uc5d0 \ubc29\ud574\uac00 \ub420 \uac83\uc774\ub77c\uace0 \uc6b0\ub824\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\ub2e4.<\/p>\n<p>\uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uccb4\uacc4\uc801\uc778 \ube44\uc6a9\uc808\uac10\ub178\ub825\uc744 \ud1b5\ud574 \uc6b4\uc601 \ubc0f \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc744 \uac1c\uc120\uc2dc\ud0ac \uc218 \uc788\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-668 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e0-0.png\" alt=\"\" width=\"877\" height=\"544\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e0-0.png 877w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e0-0-300x186.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e0-0-768x476.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e0-0-696x432.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e0-0-677x420.png 677w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138\ubcc0\uc2e0-0-356x220.png 356w\" sizes=\"auto, (max-width: 877px) 100vw, 877px\" \/><\/p>\n<p>\uc774\ub7f0 \uc6b0\ub824\ub97c \uadf9\ubcf5\ud558\uace0 \uc131\uacf5\uc744 \ubcf4\uc7a5\ud558\uae30 \uc704\ud574\uc11c\ub294, \ud6a8\uc728\uc131 \ud504\ub85c\uadf8\ub7a8\uc774 \uc138 \uac00\uc9c0 \uc6d0\uce59\uc744 \ucda9\uc871\ud574\uc57c \ud55c\ub2e4. \uccab\uc9f8, \ud504\ub85c\uadf8\ub7a8\uc758 \ubaa9\uc801\uc774 \ud655\uc2e4\ud574\uc57c \ud55c\ub2e4. \ube44\uc6a9\uc808\uac10 \ub178\ub825\uc740 \ubbf8\ub798\uc131\uc7a5\uc758 \ub3d9\ub825 \ub9c8\ub828 \ud639\uc740 \ud504\ub79c\ucc28\uc774\uc988 \ubcf4\ud638 \ub4f1 \ud655\uc2e4\ud558\uac8c \uc815\uc758\ub41c \ubaa9\uc801\uc744 \uac16\uace0 \uc9c4\ud589\ub418\uc5b4\uc57c \ud55c\ub2e4. \ud68c\uc0ac\uc758 \ub9ac\ub354\uc2ed \ud300\uc740 \ubc18\ub4dc\uc2dc \uc774 \ubaa9\uc801\uc744 \uc870\uc9c1 \uc804\uccb4\uc640 \uacf5\uc720\ud574 \ubaa8\ub4e0 \uad00\uacc4\uc790\ub4e4\uc774 \uc774\ud574\ud560 \uc218 \uc788\ub3c4\ub85d \ud574\uc57c \ud55c\ub2e4.<\/p>\n<p>\ub458\uc9f8, \uc774 \ud504\ub85c\uadf8\ub7a8\uc740 \uc2e0\uc18d\ud558\uace0 \ucca0\uc800\ud558\uac8c \uc2e4\ud589\ub418\uc5b4\uc57c \ud55c\ub2e4. \uc5f4\uc815\uacfc \uc758\uc9c0\ub294 \ube60\ub974\uace0 \uac00\uc2dc\uc801\uc778 \uc9c4\ud589\uc5d0 \ub2ec\ub824 \uc788\ub2e4. \ud504\ub85c\uadf8\ub7a8\uc758 \ucd08\uae30 \uc601\ud5a5\uc740 6\uac1c\uc6d4 \ub0b4\ub85c \ud655\uc2e4\ud788 \ub4dc\ub7ec\ub098\uc57c \ud558\uace0 \uc804\uccb4 \ud504\ub85c\uadf8\ub7a8\uc740 12\uac1c\uc6d4\uc5d0\uc11c 18\uac1c\uc6d4 \ub0b4\ub85c \uc2e4\ud604\ub418\uc5b4\uc57c \ud55c\ub2e4.<\/p>\n<p>\uc14b\uc9f8, \uc774 \ud504\ub85c\uadf8\ub7a8\uc740 \ube44\ud45c\uc900\ud654\ub97c \uc6d0\uce59\uc73c\ub85c \ud574\uc57c \ud55c\ub2e4. \uc989, \uac00\uc7a5 \ud544\uc694\ud55c \uacf3\uc5d0\ub294 \uc601\ud5a5\uc744 \ubbf8\uccd0 \ud61c\ud0dd\uc744 \uc774\ub04c\uc5b4\ub0b4\uc9c0\ub9cc, \ud575\uc2ec\uc801\uc774\uba70, \ud6cc\ub96d\ud55c \uc2e4\uc801\uc744 \ub0b4\uace0 \uc788\ub294 \ud65c\ub3d9\uc5d0 \ub300\ud574\uc11c\ub294 \ube44\uc6a9\uc808\uac10\uacfc \ub9ac\uc2a4\ud06c\ub97c \ucd5c\uc18c\ud654\ud560 \uc218 \uc788\ub3c4\ub85d \ubbf8\uc138\uc870\uc815\ub418\uc5b4\uc57c \ud55c\ub2e4. \uc774\ub294 \ud2b9\ud788 \ube44\uc6a9\uc808\uac10\ud65c\ub3d9\uc774 \uc131\uc7a5\uc744 \uc800\ud574\ud560\uc9c0\ub3c4 \ubaa8\ub978\ub2e4\ub294 \uc6b0\ub824\ub97c \ubd88\uc2dd\uc2dc\ud0a4\uae30 \uc704\ud574 \ud544\uc218\uc801\uc774\ub2e4. \ube44\ud45c\uc900\ud654 \uc811\uadfc\ubc95\uc740 \ubcf4\ud1b5 \ub2e4\uc74c \uc694\uc18c\ub4e4\uc744 \ud3ec\ud568\ud55c\ub2e4.<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>\u2022 \ud575\uc2ec\ud65c\ub3d9 \uc678\uc5d0\ub294 \uac15\ub825\ud558\uac8c \ucd94\uc9c4\ud558\ub77c.<\/strong> <\/span>\ubc31\uc624\ud53c\uc2a4 \ubc0f \uad00\ub9ac\ud300(\uc778\uc0ac \ubc0f \uc7ac\ubb34 \ub4f1)\uacfc \ube44\ud575\uc2ec\uae30\uc220(\uc778\ud504\ub77c \ubc0f \ube44\ud22c\uc790 \uc5b4\ud50c\ub9ac\ucf00\uc774\uc158 \ub4f1)\uc740 \uae30\uc220\ubc1c\uc804\uacfc \uc544\uc6c3\uc18c\uc2f1 \uc81c\uacf5\uc5c5\uccb4\ub4e4\uc758 \ubc1c\uc804\uc73c\ub85c \uc778\ud57450% \uc774\uc0c1\uc758 \ube44\uc6a9\uc808\uac10\uc774 \uac00\ub2a5\ud558\ub2e4. \uc2e4\uc801\uc774 \ubd80\uc2e4\ud558\uac70\ub098 \ucc28\ubcc4\uc131\uc774 \uc5c6\ub294 \ud380\ub4dc\ub4e4\uc740 \ud575\uc2ec \ube44\uc988\ub2c8\uc2a4\uc758 \uc800\ud574\uc694\uc778\uc774\ub2e4. \uc774\ub97c \uc81c\uac70\ud558\uba74 \uc774 \uc0c1\ud488\uacfc \uad00\ub828\ud55c \ud504\ub860\ud2b8\uc624\ud53c\uc2a4 \ube44\uc6a9\uacfc \uc9c0\uc6d0\ube44\uc6a9\uc744 \uc0ad\uac10\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>\u2022 \uc131\uc219 \ube44\uc988\ub2c8\uc2a4\uc758 \ucde8\uae09\ub7c9\uc744 \uc99d\ub300\ud558\ub77c.<\/strong> <\/span>\uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uac00\uc7a5 \uc131\uc219\ud55c \uace0\uac1d\ube44\uc988\ub2c8\uc2a4\uc640 \uc9c0\uc5ed\uc5d0 \ub300\ud574 \ub9e4\ucd9c\uc131\uc7a5\uc744 \ubc29\ud574\ud558\uc9c0 \uc54a\ub294 \ud55c\ub3c4 \ub0b4\uc5d0\uc11c, \uace0\uac1d\ub85c\ub4dc(load)\ub97c \ub298\ub9ac\uace0, \uc5f0\uad6c\uc870\uc0ac\ub97c \ud1b5\ud569\ud558\uace0 \uc11c\ube44\uc2a4\uc640 \ub9c8\ucf00\ud305 \uac04\uc811\ube44\ub97c \uc904\uc5ec\uc57c \ud55c\ub2e4.<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>\u2022 \uc131\uc7a5\ub3d9\ub825\uc5d0 \ud22c\uc790\ud558\ub77c.<\/strong> <\/span>\uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ube44\uc6a9\ucd95\uc18c\ub97c \ud1b5\ud574 \uc808\uac10\ud55c \uc790\uae08\uc744 \uc774\uc804\uc5d0 \ud22c\uc790\uac00 \ubbf8\ud761\ud588\ub358 \uc2e0\uc131\uc7a5\ubd84\uc57c\ub098 \ud655\uc7a5\uac00\ub2a5\uc131\uc774 \uc788\ub294 \uc0c1\ud488\uc5d0 \uc7ac\ubd84\ubc30\ud574\uc57c \ud55c\ub2e4. \uc7ac\ubd84\ubc30\uc5d0\ub294 \uc0c8\ub85c\uc6b4 \uc0c1\ud488, \uc9c0\uc5ed \ubc0f \uc138\uadf8\uba3c\ud2b8\ub97c \uac1c\ubc1c\ud558\ub294 \uac83\ubfd0\ub9cc \uc544\ub2c8\ub77c, \ub370\uc774\ud130 \ubc0f \ubd84\uc11d \ud234, \uae30\uc220 \ubc0f \uc778\uc7ac\uc5d0 \ud22c\uc790\ud574 \ud22c\uc790\uacb0\uacfc\ubb3c\uacfc \uc601\uc5c5\uc2e4\uc801\uc744 \uac1c\uc120\ud558\ub294 \uac83\ub3c4 \ud3ec\ud568\ub41c\ub2e4.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\"><strong>\ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220 \uaca9\ucc28\ub97c \ud574\uc18c\ud574 \uc8fc\ub294 \uc560\uc790\uc77c \ubc29\uc2dd<\/strong><\/span><\/p>\n<p>\ub2e4\ub978 \ubaa8\ub4e0 \uae00\ub85c\ubc8c \uc0b0\uc5c5\uacfc \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uc790\uc0b0\uc6b4\uc6a9\uc5c5\uc740 \uae09\uc18d\ud558\uac8c \ubc1c\uc804\ud558\ub294 \ub514\uc9c0\ud138\uacfc \ubd84\uc11d\uae30\uc220\uc758 \ud64d\uc218 \uc5d0 \ud729\uc2f8\uc5ec \uc788\ub2e4. \ud558\uc9c0\ub9cc, \ub2e4\ub978 \uc0b0\uc5c5\uacfc\ub294 \ub2e4\ub974\uac8c \uc644\uc804\ud55c \ub514\uc9c0\ud138 \uc804\ud658\uc744 \uac70\ubd80\ud558\uba74\uc11c, \ubd80\ubd84\uc801\uc73c\ub85c \uae30\uc874\uc758 \uad00\ud589\uc744 \uc5ec\uc804\ud788 \uace0\uc218\ud558\uace0 \uc788\ub2e4. \uc9c0\uae08\uae4c\uc9c0 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc0c8\ub85c\uc6b4 \ub514\uc9c0\ud138 \ud234, \ud504\ub85c\uc138\uc2a4 \ubc0f \uacbd\uc7c1\uc5c5\uccb4\ub4e4\uc758 \uc911\ub300\ud55c \ud601\uc2e0\uc801 \ud30c\uad34\ub97c \ud53c\ud574\uc654\ub2e4.<\/p>\n<p>\ud558\uc9c0\ub9cc, \uc9c0\uae08\uae4c\uc9c0\uc758 \ub514\uc9c0\ud138\uc5d0 \ub300\ud55c \uc800\ud56d\uc740 \uae30\uc5c5\ub4e4\uc774 \ub514\uc9c0\ud138\uacfc \ubd84\uc11d\uae30\uc220\uc774 \uc5c5\uacc4\ub97c \ubcc0\ud654\uc2dc\ud0a4\uace0 \uc2b9\uc790\uc640 \ud328\uc790\ub97c \uacb0\uc815\uc9d3\ub294 \ud798\uc744 \uac16\uace0 \uc788\uc74c\uc744 \uc778\uc2dd\ud558\uba74\uc11c \uae09\uaca9\ud558\uac8c \uc0ac\ub77c\uc9c0\uace0 \uc788\ub2e4. \ub9e8\uadf8\ub8f9(Man Group)\uc758 \ucd5c\uace0\uacbd\uc601\uc790(CEO) \ub8e8\ud06c \uc5d8\ub9ac\uc2a4(Luke Ellis) \ub294 \u2018\ub370\uc774\ud130\ub97c \uc9c4\uc9c0\ud558\uac8c \ucde8\uae09\ud558\ub294 \ubc29\ubc95\uc744 \uc774\ud574\ud558\uc9c0 \ubabb\ud55c\ub2e4\uba74, \uc0b0 \ucc44\ub85c \uc7a1\uc544 \uba39\ud790 \uac83\uc774\ub2e4.\u2019 \ub77c\uace0 \ub9d0\ud588\ub2e4.<\/p>\n<p>\ub514\uc9c0\ud138\uc774 \ub9c8\uce68\ub0b4 \uc790\uc0b0\uc6b4\uc6a9\uc0b0\uc5c5\uc5d0\uc11c \uc8fc\ub958\uac00 \ub418\uace0 \uc788\ub2e4. \uc62c\ud574 BCG\uac00 \uc778\ud130\ubdf0\ud55c \ubaa8\ub4e0 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ub514\uc9c0\ud138 \ub7a9\uc744 \ud1b5\ud574 \uc2e4\ud5d8\uc744 \uc9c4\ud589\ud558\uace0, \ub370\uc774\ud130 \uacfc\ud559\uc790\ub97c \uace0\uc6a9\ud558\uac70\ub098, \ub300\uccb4\ub370\uc774\ud130\uc758 \uc0ac\uc6a9\uc744 \uc2dc\ud5d8\ud558\ub294 \ub4f1, \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220 \uc5b4\uc820\ub2e4\ub97c \ucd94\uc9c4\ud558\uace0 \uc788\ub2e4.<\/p>\n<p>\ud558\uc9c0\ub9cc, \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220\uc744 \uaddc\ubaa8 \uc788\ub294 \uc218\uc900\uc73c\ub85c \uc644\uc804\ud788 \uc219\ub828\ud55c \uae30\uc5c5\uc740 \uac70\uc758 \uc5c6\ub2e4. \uc774 \ubaa9\ud45c\ub97c \ub2ec\uc131\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc2e4\ud5d8\uc744 \ud1b5\ud574 \uc2b5\ub4dd\ud55c \ub0b4\uc6a9\uc744 \uc6b4\uc601\uc5d0 \ud65c\uc6a9\ud558\uace0 \uc774\ub97c \uc804\uc0ac\uc5d0 \uac78\uccd0 \ud655\uc7a5\ud574 \uc2e4\ud589\ud574\uc57c \ud55c\ub2e4. \uc774\ub7f0 \uc5ed\ub7c9\uc744 \ud655\ubcf4\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc911\ub300\ud558\uace0, \ub9ce\uc740 \ub178\ub825\uc744 \ud1b5\ud55c, \ubcf5\uc7a1\ud55c \uc870\uc9c1\ubcc0\ud654\uac00 \ud544\uc218\uc801\uc774\ub2e4.<\/p>\n<p>\uc774\ub7f0 \ub178\ub825\uc744 \uc131\uacf5\uc801\uc73c\ub85c \ud574\ub0b4\ub294 \ub300\ubd80\ubd84\uc758 \uae30\uc5c5\ub4e4\uc740 \ud601\uc2e0\uc801\uc778 \uc18c\ud504\ud2b8\uc6e8\uc5b4\uae30\uc5c5\uc5d0\uc11c \ucc28\uc6a9\ud55c \uc560\uc790\uc77c \uc5c5\ubb34\ubc29\uc2dd\uc744 \uc774\uc6a9\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uc560\uc790\uc77c\uc744 \uc774\uc6a9\ud55c, \uc2dc\ud5d8\uc744 \ud1b5\ud55c \ud559\uc2b5(test-and-learn) \uc811\uadfc\ubc95\uc740 \uc804\ud1b5\uc801\uc778 \uc0ac\uc77c\ub85c \uc5c5\ubb34\uad00\ud589\ubcf4\ub2e4 \uc2e0\uc18d\ud558\uace0 \ud6a8\uc728\uc801\uc774\uba70 \ub354 \ud070 \uac00\uce58\ub97c \ucc3d\ucd9c\ud560 \ubfd0 \uc544\ub2c8\ub77c \uc9c1\uc6d0 \ucc38\uc5ec\ub3c4\ub97c \uac15\ud654\uc2dc\ud0a8\ub2e4. \uc560\uc790\uc77c\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220 \uaca9\ucc28\ub97c \ud574\uc18c\ud560 \uc218 \uc788\ub294 \uae38\uc744 \ucc3e\uc744 \uc218 \uc788\ub3c4\ub85d \ud574 \uc904 \uac83\uc774\ub2e4.<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\ubbf8\ub798\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc0ac<\/strong><\/span><\/p>\n<p>\uc9c0\uae08\uc73c\ub85c\ubd80\ud130 5\ub144 \ud6c4\uc5d0\ub294, \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \ud604\uc7ac\uc640\ub294 \ub9e4\uc6b0 \ub2e4\ub974\uac8c \ubcf4\uc77c \uac83\uc774\uace0, \uc0ac\uace0\ud560 \uac83\uc774\uace0, \ud589\ub3d9\ud560 \uac83\uc774\ub2e4. \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ud575\uc2ec \uc561\ud2f0\ube0c \uc0c1\ud488\uc5d0\uc11c \ubc97\uc5b4\ub098, \uc194\ub8e8\uc158, \uc804\ubb38\uc0c1\ud488, \ub300\uccb4\uc0c1\ud488 \ub4f1 \ucc28\ubcc4\ud654\ub41c \uac00\uce58\uc81c\uc548\uc744 \ub3c4\ucd9c\ud574\uc57c \ud560 \uac83\uc774\ub2e4. \uace0\uac1d\uacfc \uc911\uac1c\uc790\ub4e4\uc5d0\uac8c \ud22c\uc790\uc2e4\uc801\uc774\uc0c1\uc758 \ubd80\uac00\uac00\uce58\ucc3d\ucd9c \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud574\uc57c \ud55c\ub2e4. \uc131\uacf5\uc744 \uadf9\ub300\ud654\ud558\uae30 \uc704\ud574, \uc804\ub7b5, \uc6b4\uc601, \uae30\uc220, \ud22c\uc790\uad00\ub9ac, \uc0c1\ud488\uad6c\uc131, \uc778\uc7ac \uad00\ub9ac \ub4f1 \ube44\uc988\ub2c8\uc2a4\uc758 \ubaa8\ub4e0 \uba74\uc5d0\uc11c \ub514\uc9c0\ud138\uacfc \ubd84\uc11d\uae30\uc220\uc758 \ubc1c\uc804\uac00\ub2a5\uc131\uc744 \uadf9\ub300\ud654\ud574\uc57c \ud560 \uac83\uc774\ub2e4. (\ubcf4\uae30 9 \ucc38\uc870.)<\/p>\n<p><strong>\ubcf4\uae30 9. <\/strong>\ubbf8\ub798\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ud604\uc7ac\uc640\ub294 \ub9e4\uc6b0 \ub2e4\ub978 \ubaa8\uc2b5\uc77c \uac83\uc774\ub2e4.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-669 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e010.png\" alt=\"\" width=\"941\" height=\"712\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e010.png 941w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e010-300x227.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e010-768x581.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e010-696x527.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e010-555x420.png 555w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e010-80x60.png 80w\" sizes=\"auto, (max-width: 941px) 100vw, 941px\" \/><\/p>\n<p>\uc774 \uc2e0\uae30\uc220\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc758 \uc8fc\uc694\uc5ed\ud560\uacfc \uae30\ub2a5\uc744 \uc0c8\ub86d\uac8c \ubcc0\ud654\uc2dc\ud0ac \uac83\uc774\uba70, \uc5b4\ub5a4 \uacbd\uc6b0\uc5d0\ub294 \uc0c1\ub2f9\ud788 \uadf9\uc801\uc778 \ubcc0\ud654\uac00 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p><strong>\ud22c\uc790\uad00\ub9ac.<\/strong> \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220\uc740 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad00\ub9ac\uc790\ub4e4\uc5d0\uac8c \uc7a0\uc7ac\uc801 \uac00\ub2a5\uc131\uc774 \ubb34\ud55c\ud55c \ud601\uc2e0 \uae30\ud68c\ub97c \uc81c\uc2dc\ud55c\ub2e4. \uac70\ub798\ub370\uc774\ud130, \uc704\uc131\uc815\ubcf4 \ubc0f \uc6f9 \ud1b5\ud569 \ud234 \ub4f1 \uc0c8\ub85c\uc6b4 \ub370\uc774\ud130 \uc18c\uc2a4\ub4e4\uc774 \uba38\uc2e0 \ub7ec\ub2dd \ubc0f \uace0\uae09 \ud68c\uadc0\ubd84\uc11d \ub4f1 \uace0\uae09 \ubd84\uc11d\uae30\uc220 \ud234 \ubc0f \uae30\ubc95\uacfc \uacb0\ud569\ud574 \ud22c\uc790 \uacb0\uc815\uc5d0 \uc720\uc6a9\ud55c \uc815\ubcf4\ub97c \uc81c\uacf5\ud560 \uac83\uc774\ub2e4.<\/p>\n<p>\ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad00\ub9ac\uc790\ub4e4\uc740 \ud22c\uc790\uacb0\uc815\uc5d0 \uc788\uc5b4 \uc5ec\uc804\ud788 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud560 \uac83\uc774\ub2e4. \uc6b0\ub9ac\ub294 \uae30\uacc4\uac00 \uc778\uac04\uc758 \ud310\ub2e8\uacfc \uc758\uc0ac\uacb0\uc815\uc744 \ub2f9\uc7a5 \ub300\uccb4\ud560 \uac83\uc774\ub77c\uace0\ub294 \uc0dd\uac01\ud558\uc9c0 \uc54a\ub294\ub2e4. \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad00\ub9ac\ub294 \ubcf5\uc7a1\ud55c \ud65c\ub3d9\uc774\uace0 \ud604\uc7ac\uc758 \ubc1c\uc804 \uc218\uc900\uc5d0\uc11c, \ub300\ubd80\ubd84\uc758 \uace0\uae09 \uae30\uc220\uacfc \ubd84\uc11d\uae30\uc220\uc740 \uc544\uc8fc \ud611\uc18c\ud55c \ubc94\uc704\uc758 \ubb38\uc81c\ub4e4\ub9cc \ud574\uacb0\ud560 \uc218 \uc788\ub2e4. \ud558\uc9c0\ub9cc, \ud604\uc7ac \ub9e4\uc6b0 \uc131\uacf5\uc801\uc73c\ub85c \uc6b4\uc601\ub418\uace0 \uc788\ub294 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\ub3c4 \ubbf8\ub798\uc5d0\ub294 \ub2e4\ub978 \ubc29\uc2dd\uc73c\ub85c \ud22c\uc790\ud560 \ud544\uc694\uac00 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p><strong>\uc601\uc5c5 \ubc0f \ub9c8\ucf00\ud305.<\/strong> \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220\uc758 \ubc1c\uc804\uc73c\ub85c \uc778\ud574 \ub300\uccb4\ub85c \ud478\uc2dc \uc911\uc2ec\uc801\uc778 \uad00\ud589\uc5d0\uc11c \uc801\uadf9\uc801\uc774\uace0 \uac1c\uc778\ub9de\ucda4\ud654\ub41c \uc811\uadfc\uc774 \uac15\uc870\ub41c \ub9c8\ucf00\ud305 \uc8fc\ub3c4\uc801\uc778 \ubaa8\ub378\ub85c \uc601\uc5c5\ud65c\ub3d9\uc774 \ubcc0\ud654\ub420 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \ud2b9\ud788, \uc7ac\ubb34\uc0c1\ub2f4 \uad00\ub828 \uac1c\uc778\ub9de\ucda4\ud654\uac00 \ud65c\ubc1c\ud788 \ucd94\uc9c4\ub420 \uc218 \uc788\ub294 \ub3c4\ub9e4 \ubd80\ubb38\uc5d0\uc11c \ubcc0\ud654\uac00 \ub354\uc6b1 \uac15\ub825\ud558\uac8c \uc77c\uc5b4\ub0a0 \uac83\uc774\ub2e4. \uae30\uc5c5\ub4e4\uc740 \uad00\ub828 \uc815\ubcf4\ub97c \uc801\uc808\ud55c \uc0ac\ub78c\ub4e4\uc5d0\uac8c \uadf8\ub4e4\uc774 \uadf8 \uc815\ubcf4\ub97c \uc18c\ud654\ud560 \uc218 \uc788\ub294 \uc801\uc808\ud55c \uc2dc\uae30\uc5d0 \uc804\ub2ec\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. (2017\ub144 7\uc6d4 BCG \ubcf4\uace0\uc11c, \u2018Global Asset Management 2017: The Innovator\u2019s Advantage\u2019 \uc758 \u2018The Digital Leap to Next-Generation Wholesaling\u2019 \ucc38\uc870.)<\/p>\n<p><strong>\uc6b4\uc601.<\/strong> \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d\uae30\uc220\uc758 \ubc1c\uc804\uc740 \uc6b4\uc601\uc744 \uadf9\uc801\uc73c\ub85c \ubcc0\ud654\uc2dc\ud0ac \uac83\uc774\ub2e4. \ub85c\ubd07\uacf5\ud559 \ud504\ub85c\uc138\uc2a4 \uc790\ub3d9\ud654\uc640 \uc778\uacf5\uc9c0\ub2a5\uc758 \ub3c4\uc785 \ubc0f \ud65c\uc6a9\uacfc, \ubc31\uc624\ud53c\uc2a4\uc758 \uc624\ub958 \ubc0f \ubd88\ub9cc\uc0ac\ud56d\uc744 \uc608\uc0c1\ud560 \uc218 \uc788\ub294 \uc608\uce21\uae30\ubc95\uc744 \ud65c\uc6a9\ud574, \ud6a8\uc728\uc131\uc740 50% \uc774\uc0c1 \uc99d\ub300\ub420 \uc218 \uc788\ub2e4. \uc6b4\uc601\uc740 \ud504\ub860\ud2b8\uc624\ud53c\uc2a4\ub97c \uc9c0\uc6d0\ud558\ub294 \uace0\ud488\uc9c8 \ub370\uc774\ud130\uc758 \uad00\ub9ac\uc790\uc774\uc790 \ubcf4\uc720\uc790\uac00 \ub420 \uac83\uc774\ub2e4. \uace0\uac1d\uad00\uc810\uc5d0\uc11c \ud504\ub860\ud2b8\uc5d0\uc11c \ubc31\uc624\ud53c\uc2a4\uae4c\uc9c0\uc758 \ud504\ub85c\uc138\uc2a4\ub97c \uc7ac\uad6c\uc131\ud560 \uc218 \uc788\ub3c4\ub85d \uc9c0\uc6d0\ud558\uba74\uc11c, \uace0\uac1d\uacbd\ud5d8\uacfc \uace0\uac1d\ub9cc\uc871\ub3c4 \uac1c\uc120\uc758 \uc6d0\ub3d9\ub825 \uc5ed\ud560\uc744 \ud560 \uac83\uc774\ub2e4.<\/p>\n<p><strong>\uc560\uc790\uc77c\uc758 \uc911\uc694\uc131<\/strong><br \/>\n\uc5c4\uccad\ub09c \ubcc0\ud654\ub97c \uac10\ub2f9\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uae09\uc18d\ud788 \ubc1c\uc804\ud558\ub294 \uae30\uc220\uc744 \ucd5c\ub300\ud55c \ud65c\uc6a9\ud558\ub294 \uac83\uc740 \ub9ce\uc740 \ub178\ub825\uc744 \uc694\ud558\ub294 \uc77c\uc774\ub2e4. \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uc774\ub7f0 \ubcc0\ud654\uc5d0 \uc694\uad6c\ub418\ub294 \uc0c8\ub85c\uc6b4 \uc778\uc7ac\ub97c \uc601\uc785\ud558\ub294 \uac83 \uc5ed\uc2dc \ub9cc\ub9cc\uce58 \uc54a\uc740 \uc77c\ub85c \uce58\uc5f4\ud55c \uacbd\uc7c1\uc774 \ub420 \uac83\uc774\ub2e4. \uc560\uc790\uc77c \ubc29\uc2dd\uc744 \ud1b5\ud574 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740\ubcf4\ub2e4 \uc2e0\uc18d\ud558\uac8c \ub0af\uc120 \uc2e0\uae30\uc220\ub4e4\uc744 \ud3c9\uac00\ud558\uace0 \ud65c\uc6a9\ud560 \uc218 \uc787\ub294 \ud50c\ub7ab\ud3fc\uc744 \uac16\ucd94\ub294 \uc148\uc774\ub2e4. \ubcc0\ud654\ub97c \uc8fc\ub3c4\ud558\ub294 \ub370 \ud544\uc694\ud55c \uc790\uc728\uc131\uacfc \ucc38\uc5ec\uc758 \ubb38\ud654\ub97c \uc0dd\uc131\ud558\uace0 \uc804\ud30c\ud558\ub294\ub370 \ub3c4\uc6c0\uc774 \ub418\uba70, \ub514\uc9c0\ud138 \uc778\uc7ac\uac00 \uc655\uc131\ud558\uac8c \ud65c\ub3d9\ud560 \uc218 \uc788\ub294 \ud658\uacbd\uc744 \uc870\uc131\ud574\uc900\ub2e4.<\/p>\n<p>\uc560\uc790\uc77c \ubc29\uc2dd\uc740 \uac04\ub2e8\uba85\ub8cc\ud55c \uba85\uc81c\uc5d0 \uae30\ucd08\ud55c\ub2e4. \uc5b4\ub824\uc6b4 \ub3c4\uc804\uacfc\uc81c\uc5d0 \ub9de\uc11c\uae30 \uc704\ud574, \uc774\ub97c \ud574\uacb0\ud560 \uc218 \uc788\ub294 \uc0ac\ub78c\ub4e4\uc744 \ubaa8\ub450 \ubaa8\uc544\ub77c. \uc870\uc9c1\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc744 \ub2e4\uae30\ub2a5 \uc5c5\ubb34\ud300, \uc2a4\ucffc\ub4dc(squad)\uc5d0 \ud560\ub2f9\ud558\ub77c. \uc9c0\uc18d\uc801\uc73c\ub85c \ud300\uc758 \uc5c5\ubb34 \ubc29\uc2dd\uacfc \uc0c1\ud488\uc774\ub098 \uae30\ud0c0 \uacb0\uacfc\ubb3c\uc744 \uace0\uac1d\uc5d0\uac8c \uc81c\uacf5\ud558\ub294 \ubc29\uc2dd\uc744 \uac1c\uc120\ud558\uba74\uc11c, \ubc18\ubcf5\uc801\uc778 \uc5c5\ubb34\uc8fc\uae30\ub97c \ud1b5\ud574 \uacfc\uc81c\ub97c \ud558\ub098\uc529 \ud574\uacb0\ud558\ub77c. \ub300\uba74\ud68c\uc758, \uc9c1\uc811 \ud1b5\ud569, \ube0c\ub808\uc778\uc2a4\ud1a0\ubc0d\uc744 \ud1b5\ud574 \uc0ac\uc77c\ub85c\ub97c \ubb34\ub108\ub728\ub824 \uae30\ubcf8\uc801\uc778 \uac83\uc5d0\uc11c\ubd80\ud130 \ud574\uacb0\ucc45\uc744 \ub3c4\ucd9c\ud558\ub77c. \ud06c\uac8c \uc0dd\uac01\ud558\ub418 \uc791\uac8c \uc2dc\uc791\ud574, \ub2e8\uae30\uac04\uc5d0 \uafb8\uc900\ud55c \uc218\uc775\uc744 \uc62c\ub9b4 \uc218 \uc788\ub3c4\ub85d \uc2e0\uc18d\ud788 \uc77c\ud558\ub77c. (\u2018\uc2a4\ucffc\ub4dc, \ud2b8\ub77c\uc774\ube0c, \uc2a4\ud06c\ub7fc: \uc560\uc790\uc77c \uad00\ub828 \uc6a9\uc5b4\u2019 \ucc38\uc870.)<\/p>\n<p><span style=\"font-size: 14pt;\"><strong>\uc2a4\ucffc\ub4dc(squad), \ud2b8\ub77c\uc774\ube0c(tribe), \uc2a4\ud06c\ub7fc(scrum)<\/strong><\/span><\/p>\n<p><span style=\"font-size: 12pt;\"><strong>\uc560\uc790\uc77c \uad00\ub828 \uc6a9\uc5b4<\/strong><\/span><\/p>\n<p>\uc560\uc790\uc77c \uad00\ub828 \uc6a9\uc5b4\ub97c \uac04\ub2e8\ud788 \uc815\ub9ac\ud574 \ub0af\uc120 \ubb38\uad6c, \uc5ed\ud560, \uac1c\ub150\uc758 \uc774\ud574\ub97c \ub3d5\uace0\uc790 \ud55c\ub2e4.<\/p>\n<p><strong>\ucc55\ud130(chapter).<\/strong> \ub2e4\ub978 \ud2b8\ub77c\uc774\ube0c\uc5d0\uc11c \uc628, \ub9c8\ucf00\ud305 \ub4f1 \uc720\uc0ac \uc9c1\ubb34 \ub2f4\ub2f9\uc790\ub4e4\uc758 \uc9d1\ud569. \ucc55\ud130\ub294 \ubaa8\uc5ec\uc11c \uc804\uccb4 \ud2b8\ub77c\uc774\ube0c\uc5d0\uc11c \ub3d9\uc77c\ud55c \uc5c5\ubb34\uac00 \uc9c4\ud589\ub418\ub3c4\ub85d \ud55c\ub2e4.<\/p>\n<p><strong>\ucc55\ud130 \ub9ac\ub354(chapter leader).<\/strong> \ud55c \ucc55\ud130 \uad6c\uc131\uc6d0\ub4e4\uc758 \uc9c1\ubb34 \ubc0f \uacbd\ub825\uac1c\ubc1c \ub2f4\ub2f9\uc790\ub85c, \uac1c\ubcc4 \uc2a4\ucffc\ub4dc \uad6c\uc131\uc6d0\ub4e4\uacfc \uc870\uc9c1\uc758 \uc804\uccb4 \uacc4\uce35\uad6c\uc870 \uac04\uc758 \uc5f0\uacb0\uace0\ub9ac \uc5ed\ud560\uc744 \ud55c\ub2e4.<\/p>\n<p><strong>\ub77c\uc774\ud2b8\ud558\uc6b0\uc2a4(lighthouse).<\/strong> \ub300\ud45c\uc801\uc778 \ud30c\uc77c\ub7ff \ud504\ub85c\uc81d\ud2b8 \uc138\ud2b8\ub85c \uac19\uc740 \uc8fc\uc81c\uc758 \ud6c4\uc18d\uc870\uce58\uc5d0 \ub300\ud574 \ud559\uc2b5\uc758 \ubcf8\ubcf4\uae30\uac00 \ub41c\ub2e4.<\/p>\n<p><strong>\ucd5c\uc18c\uae30\ub2a5\uc81c\ud488(minimum viable product).<\/strong> \ucd5c\uc885 \uc18c\ube44\uc790\ub97c \uc704\ud55c \uac00\uc7a5 \ucd08\uae30\ubc84\uc804\uc758 \uc0c1\ud488. \uc774 \ucd08\uae30\ubc84\uc804\uc744 \ub2f4\ub2f9\ud55c \uc560\uc790\uc77c \uc2a4\ucffc\ub4dc\ub294 \uc774\ud6c4 \uc0ac\uc6a9\uc790 \ud53c\ub4dc\ubc31\uc5d0 \ub530\ub77c \uc774\ub97c \uac1c\uc120\ud55c\ub2e4.<\/p>\n<p><strong>\uc0c1\ud488 \ub2f4\ub2f9\uc790(product owner).<\/strong> \ud55c \uc2a4\ucffc\ub4dc\uac00 \uc9c4\ud589\uc911\uc778 \uc5c5\ubb34\uc758 \ucc45\uc784\uc790\ub85c, \uacf5\uc2dd\uc801\uc73c\ub85c \uc2a4\ucffc\ub4dc \uad6c\uc131\uc6d0\ub4e4\uc758 \uc0c1\uc0ac\ub294 \uc544\ub2c8\ub2e4.<\/p>\n<p><strong>\uc2a4\ud06c\ub7fc(scrum).<\/strong> \ud504\ub85c\uc81d\ud2b8 \uad00\ub9ac\ub97c \uc704\ud55c \uc560\uc790\uc77c\ud55c \uc811\uadfc\ubc29\ubc95\uc774\ub098 \uad6c\uc870\ub85c \uc18c\ud504\ud2b8\uc6e8\uc5b4 \uac1c\ubc1c\uc5d0\uc11c \uc5ec\uc804\ud788 \uc774\uc6a9\uc911\uc774\ub2e4. \uc2a4\ud06c\ub7fc\uc740 \ud504\ub85c\uc138\uc2a4\uac00 \uac04\ub2e8\ud558\uba70, \ubc18\ubcf5\uc801\uc774\uace0 \uc810\uc99d\uc801\uc778 \ubc29\uc2dd\uc744 \ucde8\ud55c\ub2e4.<\/p>\n<p><strong>\uc2a4\ud504\ub9b0\ud2b8(sprint).<\/strong> \ubcf4\ud1b5 1\uc8fc\uc5d0\uc11c 4\uc8fc \uc815\ub3c4\uc758 \uad6c\uccb4\uc801\uc778 \uae30\ud55c\uc774 \uc788\uc73c\uba70, \uc810\uc99d\uc801\uc774\uace0 \ubc18\ubcf5\uc801\uc778 \uc5c5\ubb34 \ud504\ub85c\uc81d\ud2b8\ub85c \uc2a4\ud06c\ub7fc\uc758 \uae30\ubcf8 \ub2e8\uc704\uc774\ub2e4.<\/p>\n<p><strong>\uc2a4\ucffc\ub4dc(squad).<\/strong> \ud2b9\uc815 \ubaa9\uc801\uc5d0 \ub300\ud574 \ucc98\uc74c\ubd80\ud130 \ub05d\uae4c\uc9c0 \ucc45\uc784\uc744 \uc9c0\ub294 6\uc5d0\uc11c 12\uba85\uc73c\ub85c \uad6c\uc131\ub41c \ub2e4\uae30\ub2a5 \ud300\uc73c\ub85c \uc560\uc790\uc77c \uc5c5\ubb34\ud750\ub984\uc5d0\uc11c \uc5c5\ubb34\uc758 \ub300\ubd80\ubd84\uc740 \uc2a4\ucffc\ub4dc \uc218\uc900\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc9c4\ub2e4.<\/p>\n<p><strong>\ud2b8\ub77c\uc774\ube0c(tribe).<\/strong> \uc0c1\ud638\uc5f0\uacb0\ub41c \uc2a4\ucffc\ub4dc\uc758 \uc9d1\ud569\uc73c\ub85c \ucd5c\ub300 \ucd1d 150\uba85\uc73c\ub85c \uad6c\uc131\ub41c\ub2e4.<\/p>\n<p>\uc18c\ud504\ud2b8\uc6e8\uc5b4 \uac1c\ubc1c\uc790\ub4e4\uc740 \uc560\uc790\uc77c \ubc29\uc2dd\uc744 \uc0c1\ud488\uac1c\ubc1c\uc744 \uc2e0\uc18d\ud558\uac8c \ucd94\uc9c4\ud560 \uc218 \uc788\ub294 \ubc29\uc548\uc73c\ub85c \uace0\uc548\ud574\ub0c8\ub2e4. \uc560\uc790\uc77c \ud504\ub85c\uc138\uc2a4\uc5d0 \ub530\ub974\uba74, \uc77c \ub2e8\uc704, \uc8fc \ub2e8\uc704\uc758 \uc5c5\ubb34\uc8fc\uae30\ub85c \ub3cc\uc544\uac00\ub294 \ub2e4\uc591\ud55c \uae30\ub2a5\uc758 \ud300\ub4e4\uc774 \uc911\uc2ec\uc774 \ub418\uc5b4 \uace0\uac1d\uc758 \ud53c\ub4dc\ubc31\uc5d0 \ub530\ub77c \uc2e0\uc18d\ud558\uac8c \uc218\uc815\ud558\uace0 \uac1c\uc120\ud560 \uc218 \uc788\ub294 \ucd5c\uc18c\uae30\ub2a5\uc81c\ud488\uc744 \uc0dd\uc0b0\ud55c\ub2e4. (2017\ub144 7\uc6d4, BCG \uae30\uace0\ubb38 \u2018Taking Digital Way Beyond Software\u2019 \ucc38\uc870. ) \uc560\uc790\uc77c \ubc29\ubc95\ub860\uc744 \ub3c4\uc785\ud568\uc5d0 \uc788\uc5b4 \ub300\ubd80\ubd84\uc758 \uae30\uc5c5\ub4e4\uc740 \ub77c\uc774\ud2b8\ud558\uc6b0\uc2a4- \ud6c4\uc18d \uc870\uce58\ub97c \uc704\ud574 \ud544\uc694\ud55c \ud559\uc2b5\uc758 \uae38\uc7a1\uc774\uac00 \ub418\ub294 \ub300\ud45c\uc801\uc778 \ud30c\uc77c\ub7ff \ud504\ub85c\uc81d\ud2b8 \uc138\ud2b8-\ub97c \ub9cc\ub4dc\ub294 \uac83\ubd80\ud130 \uc2dc\uc791\ud55c\ub2e4. \uc5ed\ub7c9\uc774 \uc313\uc774\uace0 \ud655\uc2e0\uc774 \uc0dd\uae30\uba74, \uc560\uc790\uc77c \ud300\uc758 \ubaa9\ub85d\uc744 \uc870\ud569\ud55c\ub2e4.<\/p>\n<p>\uc774\ubbf8 \uc218\ub9ce\uc740 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 \uae30\uc220 \uc774\ub2c8\uc154\ud2f0\ube0c\ub97c \ub300\uc0c1\uc73c\ub85c \uc77c\uc815\ud55c \ud615\ud0dc\uc758 \uc560\uc790\uc77c \ud504\ub85c\uc138\uc2a4\ub97c \ub3c4\uc785\ud588\ub2e4. \uba87\uba87 \uc120\ub3c4 \uae30\uc5c5\ub4e4\uc740 \uc560\uc790\uc77c \uc811\uadfc\ubc95\uc758 \uc0ac\uc6a9\uc744 \uae30\uc220\uc911\uc2ec \ud504\ub85c\uc81d\ud2b8 \uc678\uc5d0\ub3c4 \uc801\uc6a9\ud588\ub2e4. \ud55c \ub450 \uac1c\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uc560\uc790\uc77c \uc5c5\ubb34\ubc29\uc2dd\uc744 \uc804\uccb4 \uae30\uc5c5\uc758 \ub300\ubd80\ubd84\uc758 \ud65c\ub3d9\uacfc \uc774\ub2c8\uc154\ud2f0\ube0c\ub85c \ud655\ub300\ud558\uae30\ub3c4 \ud588\ub2e4. (\ubcf4\uae30 10 \ucc38\uc870.)<\/p>\n<p><strong>\ubcf4\uae30 10.<\/strong> \ud604\uc7ac \uad11\ubc94\uc704\ud55c \uae30\uc220 \uc774\ub2c8\uc154\ud2f0\ube0c\uc5d0 \uc560\uc790\uc77c \ubc29\ubc95\ub860\uc744 \uc0ac\uc6a9\ud558\ub294 \uac83\uc740 \ub2e8\uc9c0 \uba87 \uac1c\uc758 \uc120\ub3c4 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4 \ubfd0\uc774\ub2e4<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-670 aligncenter\" src=\"http:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-11.png\" alt=\"\" width=\"945\" height=\"538\" title=\"\" srcset=\"https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-11.png 945w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-11-300x171.png 300w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-11-768x437.png 768w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-11-696x396.png 696w, https:\/\/bcgblog.kr\/wp-content\/uploads\/2018\/07\/\ub514\uc9c0\ud138-\ubcc0\uc2e0-11-738x420.png 738w\" sizes=\"auto, (max-width: 945px) 100vw, 945px\" \/><\/p>\n<p>\uc560\uc790\uc77c\uc740 \ud55c \uc870\uc9c1 \uc9c1\uc6d0\ub4e4\uc758 50%\uc5d0\uc11c 70%, \uc5b4\ub5a4 \uacbd\uc6b0\uc5d0\ub294 \uadf8 \uc774\uc0c1\uc758 \uc9c1\uc6d0\ub4e4\uc5d0\uac8c \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\ub2e4. \uae30\uc220, \uc0c1\ud488\uac1c\ubc1c, \ubcf8\uc0ac \uc601\uc5c5 \ubc0f \ub9c8\ucf00\ud305, \uc77c\ubd80 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad00\ub9ac\uae30\ub2a5 \ub4f1 \ube44\uc988\ub2c8\uc2a4\uc758 \ubcc0\ud654\uc640 \uad00\ub828\ub41c \ubd84\uc57c\uc5d0\uc11c \ud2b9\ud788 \uadf8 \ud6a8\uacfc\uac00 \ud06c\ub2e4.<\/p>\n<p>\ud22c\uc790, \uac70\ub798, \uc601\uc5c5, \ud504\ub85c\uc138\uc2f1 \ub4f1 \uace0\ub3c4\ub85c \uccb4\uacc4\uc801\uc774\uac70\ub098 \uc77c\uc0c1\ud654\ub41c \ud65c\ub3d9\uc5d0 \ub300\ud574\uc11c\ub294, \uc804\uba74\uc801\uc778 \uc560\uc790\uc77c \ud65c\uc6a9\uc774 \uc544\ub9c8\ub3c4 \ubd88\ud544\uc694\ud560 \uac83\uc774\ub2e4. \uadf8\ub807\uc9c0\ub9cc, \uc774\ub7f0 \ud65c\ub3d9\ub4e4\uc5d0\ub3c4 \ub2e4\uae30\ub2a5 \ud300\uc758 \uac00\uce58, \ud300 \uc790\uc728\uc131, \uac04\ub2e8\ud55c \ud504\ub85c\uc138\uc2a4\ub97c \uc801\uc6a9\ud558\ub294 \uc5c5\ubb34\ud750\ub984 \ub4f1 \ub9ce\uc740 \uc560\uc790\uc77c \uc6d0\uce59, \ud504\ub85c\uc138\uc2a4, \ud234\uc774 \uc801\uc6a9\ub420 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<h3><span style=\"font-size: 12pt;\"><strong>\uc560\uc790\uc77c\ud55c \uc790\uc0b0\uc6b4\uc6a9\uc0ac<\/strong><\/span><\/h3>\n<p>\uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \uadf8\ub4e4\ub9cc\uc758 \uc218\uc9c1 \uad6c\uc131\ub41c \uc601\uc5ed\uc5d0 \uc9d1\uc911\ud574 \ubcf4\uc0c1\uc744 \ubc1b\ub294 \ub9ac\ub354\ub4e4\uc774 \uc774\ub044\ub294 \ucca0\uc800\ud55c \ud300 \ubcc4 \uc0ac\uc77c\ub85c\ub97c \ucd94\uad6c\ud558\ub294 \uac83\uc774 \ubcf4\ud1b5\uc774\ub2e4. \ube44\uc988\ub2c8\uc2a4\ub97c \ubcc0\ud654\uc2dc\ud0a4\ub294 \uc77c\uc740 \uc77c\ubc18\uc801\uc73c\ub85c \ub2e4\uc591\ud55c \uc0ac\uc77c\ub85c\uc5d0 \uac70\uccd0 \ud574\ub2f9\ub418\ub294 \uc77c\uc774\uae30 \ub54c\ubb38\uc5d0 \ub2e4\ub978 \uc601\uc5ed\ub4e4 \uac04\uc758 \uad50\ub958\uac00 \ud544\uc694\ud558\ub2e4. \ucd5c\uc885\uc0c1\ud488\uc740 \ucca0\uc800\ud55c \ud14c\uc2a4\ud2b8\uc640 \uac00\uce58 \uc0ac\uc2ac\uc5d0\uc11c\uc758 \uc870\uc815\uc744 \uac70\uce5c \ud6c4\uc5d0\ub9cc \ucd5c\uc885\uc18c\ube44\uc790\uc5d0\uac8c \ub3c4\ub2ec\ud55c\ub2e4.<\/p>\n<p>\ubc1c\uc804\ud558\ub294 \ub514\uc9c0\ud138 \uae30\uc220\uc5d0 \ub300\uc751\ud574, \ub9ce\uc740 \ub300\ud615 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \uae30\uc874 \uc0ac\uc77c\ub85c\uc5d0 \ub514\uc9c0\ud138 \ub7a9\uacfc \uae30\ud0c0 \uc804\ubb38 \uc13c\ud130\ub97c \ucd94\uac00\ud588\ub2e4. \uac1c\ubcc4 \ubd80\uc11c\uac00 \uc804\ubb38\uc778\ub825\uc744 \uad6c\ud558\ub294 \uac83\ubcf4\ub2e4\ub294 \ud68c\uc0ac\uac00 \uc804\ubb38\uac00\ub4e4\ub85c \uad6c\uc131\ub41c \uc13c\ud130\ub97c \uc124\ub9bd\ud558\uace0 \uc774\ub97c \uc804\uc0ac\uc801\uc73c\ub85c \uacf5\uc720\ud574\uc57c\uaca0\ub2e4\uace0 \ud310\ub2e8\ud55c \uac83\uc774\ub2e4. \ud558\uc9c0\ub9cc \uacf5\uc720\ub41c \uc790\uc6d0\uc740 \uc885\uc885 \uc544\ubb34\ub3c4 \ucc45\uc784\uc744 \uc9c0\uc9c0 \uc54a\ub294 \uc790\uc6d0\uc774 \ub418\uace4 \ud55c\ub2e4.<\/p>\n<p>\uc774\uc640\ub294 \ub300\uc870\uc801\uc73c\ub85c, \uc560\uc790\uc77c\ud55c \uc870\uc9c1\uc740 \uc870\uc9c1\uc758 \uc7a5\ubcbd\uc744 \ubb34\ub108\ub728\ub9ac\uace0, \ubaa9\ud45c \ubc0f KPI\ub97c \uacf5\uc720\ud558\ub294 \ud480\ud0c0\uc784 \uc9c1\uc6d0\uc73c\ub85c \uad6c\uc131\ub41c \ub2e4\uae30\ub2a5 \ud300(\ud639\uc740 \uc2a4\ucffc\ub4dc)\ub97c \ub9cc\ub4e0\ub2e4. \uc774 \uc2a4\ucffc\ub4dc\ub294 \ubc18\ubcf5\uc801\uc73c\ub85c, \uc644\uc804\ud788 \uc790\uc728\uc801\uc73c\ub85c, \uc77c\ud558\uba74\uc11c \uc0c1\ud488\uc758 \ucd08\uae30\ubc84\uc804-\ud754\ud788 \ucd5c\uc18c\uae30\ub2a5\uc81c\ud488\uc774\ub77c\uace0 \ud558\ub294-\uc744 \ucd5c\uc885\uace0\uac1d\uc5d0\uac8c \uc81c\uacf5\ud55c\ub2e4. \ub0b4\ubd80\uc0c1\ud488\uc758 \uacbd\uc6b0\uc5d0, \ucd5c\uc885 \uace0\uac1d\uc740 \ud300\uc5d0 \uc5c6\uc5b4\uc11c\ub294 \uc548 \ub418\ub294 \ubd80\ubd84\uc774\ub2e4. \uc678\ubd80 \uace0\uac1d\uc774 \ud544\uc694\ud55c \uacbd\uc6b0\uc5d0\ub294, \ud504\ub85c\uc138\uc2a4 \uc0c1 \uc885\uc885 \ub0b4\ubd80\uc758 \ub300\ub9ac \uace0\uac1d\uc744 \uc774\uc6a9\ud55c\ub2e4.<\/p>\n<p>\ub2e4\uc74c \uba87 \uac00\uc9c0 \uc0ac\ub840\ub294 \uc560\uc790\uc77c\ud55c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\uac00 \ud2b9\uc815 \uc790\uc0b0\uc6b4\uc601 \uae30\ub2a5 \ubcc4\ub85c \ud544\uc694\ud55c \uc120\uc9c4 \ub514\uc9c0\ud138 \ubc0f \ubd84\uc11d \uc791\uc5c5\uc744 \uc5b4\ub5bb\uac8c \uc2e4\ud589\ud560 \uc218 \uc788\ub294\uc9c0 \ubcf4\uc5ec\uc900\ub2e4.<\/p>\n<p><strong>\u2022 \ud22c\uc790\uad00\ub9ac.<\/strong> \ub300\ubd80\ubd84\uc758 \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc740 \ud504\ub860\ud2b8\uc624\ud53c\uc2a4 \uc870\uc9c1\uc744 \ub370\uc2a4\ud06c \ub2e8\uc704\ub85c \ub098\ub208\ub2e4. \ud558\uc9c0\ub9cc \ub2e8\uc77c \ub370\uc2a4\ud06c\ub294 \ud55c \ud300\uc758 \ub370\uc774\ud130 \uacfc\ud559\uc790\ub098 \uae30\uc220\uc790\ub97c \uc9c0\uc6d0\ud560 \uc218 \uc5c6\uc744 \ubfd0 \uc544\ub2c8\ub77c \ud68c\uc0ac\uc758 \uc870\uc0ac\uc790\ub8cc \ubc0f \ub370\uc774\ud130\uc5d0 \uc804\ubc18\uc801\uc73c\ub85c \uc811\uadfc\ud560 \uc218 \uc5c6\ub2e4. \ub530\ub77c\uc11c, \ucc28\uc138\ub300 \ud22c\uc790\uad00\ub9ac \ud234\uc744 \uac1c\ubc1c\ud558\uace0 \ud65c\uc6a9\ud558\ub294 \uac83\uc740 \uc5b4\ub824\uc6b8 \uc218 \ubc16\uc5d0 \uc5c6\ub2e4. \uc560\uc790\uc77c\ud55c \uc811\uadfc\uc740 \ud22c\uc790\uc778\ub825, \ub370\uc774\ud130 \uacfc\ud559\uc790, \uae30\uc220\uc804\ubb38\uac00, \uc5f0\uad6c\uc790\ub97c \ubaa8\ub450 \ubaa8\uc740 \ub2e4\uae30\ub2a5 \uc2a4\ucffc\ub4dc\ub97c \uc774\uc6a9\ud574 \ud22c\uc790 \uad00\ub9ac\ub97c \uc9c0\uc6d0\ud55c\ub2e4. \uc2a4\ucffc\ub4dc\uc758 \ubaa9\uc801\uc740 \uc2e0\uaddc \ud22c\uc790 \uc544\uc774\ub514\uc5b4\ub098 \ub3c4\uad6c\ub97c \uac1c\ubc1c\ud558\ub294 \ub4f1\uc758 \uacf5\ub3d9\ubaa9\ud45c\uc640 \uacf5\ub3d9\uc758 KPI\ub97c \ub2ec\uc131\ud558\ub294 \uac83\uc774\ub2e4. \ubcf4\ud1b5 CIO\ub098 \uc790\uc0b0\ubcf8\ubd80\uc758 \uc7a5\uc774 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub9e4\ub2c8\uc800, \uc5f0\uad6c\uc790\ub8cc \ubd84\uc11d\uac00, \ud2b8\ub808\uc774\ub354\ub4e4\uc758 \uc804\ud1b5\uc801\uc778 \ud300\uc744 \uc6b4\uc601\ud558\ub294 \ub3d9\uc2dc\uc5d0, \ud2b8\ub77c\uc774\ube0c-\uacf5\ub3d9\uc758 \ubaa9\uc801\uc774\ub098 \uc8fc\uc81c\ub97c \uac16\uace0 \ud611\ub3d9\ud558\ub294 \uc2a4\ucffc\ub4dc \uadf8\ub8f9-\uc758 \ub9ac\ub354\uac00 \ub41c\ub2e4.<\/p>\n<p><strong>\u2022 \uc0c1\ud488 \uad00\ub9ac.<\/strong> \ud604\uc7ac, \ub300\ubd80\ubd84\uc758 \uc2e0\uaddc\uc0c1\ud488\uc804\ub7b5\uacfc \ucd9c\uc2dc\ub97c \uc704\ud574\uc11c\ub294 \uc5ec\ub7ec \uac1c\uc758 \uc2e4\ubb34\uadf8\ub8f9\uacfc, \uba87 \uac1c\uc758 \uac1c\ubc1c\ub2e8\uacc4 \uadf8\ub9ac\uace0 \uba87 \uc8fc\uac04\uc758 \uc791\uc5c5\uc774 \ud544\uc694\ud558\ub2e4. \uc560\uc790\uc77c\ud55c \ub300\uc548\uc740, \uace0\uac1d \uc194\ub8e8\uc158\uc774\ub098 \uc2e0\uc0c1\ud488 \uc5ed\ub7c9 \uac1c\ubc1c \ub4f1\uc758 \uacf5\ub3d9 \ubaa9\ud45c\uc640 KPI\ub97c \uac16\uace0 \uc788\ub294 \ub2e4\uae30\ub2a5 \ud300-\ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub9e4\ub2c8\uc800, \uc900\ubc95\uac10\uc2dc\uc778, \uac70\ub798, \uc601\uc5c5, \ub9c8\ucf00\ud305 \ubc0f \uc6b4\uc601\uc758 \ub2f4\ub2f9\uc790\ub4e4-\uc774 \ud3ec\ud568\ub41c \uc0c1\ud488 \uc2a4\ucffc\ub4dc\ub97c \uc774\uc6a9\ud558\ub294 \uac83\uc774\ub2e4. \uc774 \ud504\ub85c\uc138\uc2a4 \uc804\ubc18\uc5d0 \uac78\uccd0 \uace0\uac1d, \uc2dc\uc7a5, \ub9ac\uc2a4\ud06c \uad00\ub9ac \ubc0f \uaddc\uc81c\uc5d0 \ub300\ud574 \ud14c\uc2a4\ud2b8\uac00 \ucda9\ubd84\ud788 \uc9c4\ud589\ub41c\ub2e4. \uadf8 \uacb0\uacfc, \ubcf4\ub2e4 \ub2e4\uc591\ud55c \uc0c1\ud669\uc5d0 \uc801\uc6a9\ud560 \uc218 \uc788\ub294 \ud574\uacb0\ucc45\uc774 \ub3c4\ucd9c\ub418\uace0 \uc81c\ud488\ucd9c\uc2dc\uae30\uac04\ub3c4 \uc55e\ub2f9\uae38 \uc218 \uc788\ub2e4.<\/p>\n<p><strong>\u2022 \uc720\ud1b5. <\/strong>\ubbf8\uad6d\uc5d0\uc11c \ub3c4\ub9e4\uc5c5\uccb4\uc5d0\uac8c \uc9c0\uc6d0\uacfc \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub294 \uac83\uc740 \ubcf4\ud1b5 \uc601\uc5c5\uacfc \ub9c8\ucf00\ud305 \uac19\uc740 \uc77c\ubd80 \uae30\ub2a5\uc744 \uc801\ub2f9\ud55c \ud504\ub85c\uc81d\ud2b8\uc5d0 \ubc30\ubd84\ud558\ub294 \uac83\uc744 \ub9d0\ud55c\ub2e4. \uc560\uc790\uc77c \uc811\uadfc\uc5d0\uc11c\ub294, \uacf5\ub3d9\uc758 \ubaa9\ud45c \ubc0f KPI\uac00 \ub2e4\uc591\ud55c \uae30\ub2a5\uc744 \ub300\ud45c\ud558\ub294 \ub2f4\ub2f9\uc790\ub4e4\ub85c \uad6c\uc131\ub41c \ub2e4\uae30\ub2a5 \uc2a4\ucffc\ub4dc\ub97c \ud558\ub098\ub85c \ubb36\ub294\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ud2b9\uc815 \uc640\uc774\uc5b4\ud558\uc6b0\uc2a4\uc758 \uc0ac\uc6a9\ub960\uc744 \ub192\uc774\ub294 \uac83\uc774\ub098 \ub3c4\ub9e4\uc5c5\uccb4\uc5d0 \uc0c8\ub85c\uc6b4 \uc608\uce21 \ud234\uc744 \uac1c\ubc1c\ud574 \uc8fc\ub294 \uac83\uc774 \ubaa9\ud45c\uac00 \ub420 \uc218 \uc788\uace0, \uc0c1\ud488\uc744 \ud14c\uc2a4\ud2b8\ud558\uac70\ub098 \ud234\uc744 \uc0ac\uc6a9\ud558\ub294 \uc7ac\ubb34 \uc0c1\ub2f4\uc0ac\uc758 \uc218\uac00 KPI\ub85c \uc124\uc815\ub420 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \uc720\ud1b5\ubcf8\ubd80\uc758 \uc7a5\uc740 \uc804\ud1b5\uc801\uc778 \ud604\uc7a5 \uc601\uc5c5\uc870\uc9c1\uc744 \uc6b4\uc601\ud558\ub294 \ub3d9\uc2dc\uc5d0, \ubcf8\uc0ac \uc720\ud1b5\ucd09\uc9c4 \uc2a4\ucffc\ub4dc\uc758 \ub9ac\ub354\uac00 \ub420 \uc218 \uc788\ub2e4.<\/p>\n<p><strong>\u2022 \uc6b4\uc601.<\/strong> \uc624\ub298\ub0a0 \ud575\uc2ec \ud504\ub85c\uc138\uc2f1\uc740 \uadf8 \uae30\ub2a5\uc774 \ucd95\uc18c\ub418\uc5b4 \uc9c1\uc6d0\ub4e4\uc774 \uc0ac\uc77c\ub85c \ub0b4\uc5d0\uc11c \uc2e4\ud589\ud560 \uc218 \uc788\ub294 \uc77c\uc0c1\uc801\uc778 \uc5c5\ubb34\ub85c \ucde8\uae09\ubc1b\uac8c \ub418\uc5c8\uc9c0\ub9cc, \ub9ce\uc740 \uc6b4\uc601\uc5c5\ubb34-\uc608\ub97c \ub4e4\uc5b4 \ud2b9\uc815 \ud504\ub85c\uc138\uc2a4\ub97c \uc7ac\uc124\uacc4\ud558\uace0 \uc790\ub3d9\ud654\ud558\ub294 \ub4f1-\uac00 \uc11c\ub85c \ub2e4\ub978 \uc0ac\uc77c\ub85c\uac04\uc758 \ud611\uc5c5\uc744 \ud544\uc694\ub85c \ud55c\ub2e4. \uc560\uc790\uc77c\ud55c \uc6b4\uc601 \uc2a4\ucffc\ub4dc\ub77c\uba74 \ub370\uc774\ud130 \uace0\ud559\uc790, \uc790\ub3d9\ud654 \uc804\ubb38\uac00, \uc900\ubc95 \uac10\uc2dc\uc778, \uc6b4\uc601\uc790, \uae30\uc220 \uc804\ubb38\uac00 \ub4f1\uc774 \ud3ec\ud568\ub41c \ub2e4\uae30\ub2a5 \ud300\uc744 \ubc30\uce58\ud574 \uacf5\ub3d9\uc758 \ubaa9\ud45c\uc640 \ubb38\uc81c\ud574\uacb0\uc18d\ub3c4 \ub4f1\uc758 KPI \ub2ec\uc131\uc744 \uc704\ud574 \ud611\uc5c5\ud558\uba74\uc11c \uc774 \uc5c5\ubb34\ub97c \uc644\uc218\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. COO\uac00 \uc544\ub9c8 \uc77c\uc0c1\uc801\uc778 \uc6b4\uc601\uc5c5\ubb34\ub97c \ub2f4\ub2f9\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uc774 \uc6b4\uc601 \uc2a4\ucffc\ub4dc\uc758 \ub9ac\ub354\uac00 \ub420 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n<p>\uc6b0\ub9ac\ub294 \uc560\uc790\uc77c \ubc29\ubc95\ub860\uc774 \uae0d\uc815\uc801\uc778 \uacb0\uacfc\ub97c \uc774\ub04c\uc5b4 \ub0bc \uac83\uc774\ub77c\uace0 \ubbff\ub294\ub2e4. \uc9c0\uae08\uae4c\uc9c0 \uc560\uc790\uc77c\uc744 \ud1b5\ud574 \uc9c1\uc6d0\ucc38\uc5ec\ub3c4\uac00 \uc0c1\uc2b9\ud558\uace0(90% \uc774\uc0c1\uc73c\ub85c), \ube44\uc988\ub2c8\uc2a4 \ubc0f \uace0\uac1d \uad00\ub828 \uacb0\uacfc\uac00 \uac1c\uc120\ub418\uace0(\uace0\uac1c \ub9cc\uc871\ub3c4\uac00 \ub450 \ubc30, \uc138 \ubc30, \ub124 \ubc30\uae4c\uc9c0 \uc0c1\uc2b9), \uc2e4\ud589\uc2dc\uac04\uc774 \ub2e8\ucd95\ub418\uba70(\uacb0\uacfc\ubb3c\uc744 2\ubc30\uc5d0\uc11c 4\ubc30\uae4c\uc9c0 \uc99d\uac00), \uc7ac\ubb34 \uc2e4\uc801\uc744 \uac15\ud654\uc2dc\ud0a4\ub294(\uac00\ucc98\ubd84 \uc9c0\ucd9c\uc5d0\uc11c \ube44\uc6a9\uc744 15%\uc5d0\uc11c 25%\ub9cc\ud07c \uac10\uc18c)\uac83\uc744 \ud655\uc778\ud588\uae30 \ub54c\ubb38\uc774\ub2e4.<\/p>\n<p>\uc560\uc790\uc77c\uc740 \uc778\uc7ac\ub294 \ud48d\ubd80\ud558\uc9c0\ub9cc \uaddc\ubaa8\ub294 \uc791\uc740 \uc0b0\uc5c5\uc5d0\uc11c \ud2b9\ud788 \uc801\uc6a9\ud558\uae30 \uc88b\uc740 \ud504\ub85c\uc138\uc2a4\uc774\ub2e4. \uc560\uc790\uc77c\uc744 \uae30\ubc18\uc73c\ub85c \ud55c \uc5c5\ubb34\ubc29\uc2dd\uc740 \uc790\uc6d0\ubc30\ubd84\uacfc \uc804\ub7b5\uc774 \uc870\ud654\ub97c \uc774\ub8e8\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub420 \ubfd0 \uc544\ub2c8\ub77c, \uc790\uc728\uc131\uacfc \uc720\uc5f0\uc131\uc744 \uc99d\ub300\uc2dc\ucf1c, \ub514\uc9c0\ud138\uacfc \ubd84\uc11d\uae30\uc220\ub85c \uc778\ud574 \ub9c9\ub300\ud55c \ubcc0\ud654\ub97c \ubaa9\uc804\uc5d0 \ub454 \uc774 \uc0b0\uc5c5\uc5d0\uc11c \uc790\uc0b0\uc6b4\uc6a9\uc0ac\ub4e4\uc774 \uc131\uacf5\ud560 \uc218 \uc788\ub3c4\ub85d \ud574 \uc904 \uac83\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uac00\uc7a5 \uc131\uacf5\uc801\uc778 \uae30\uc5c5\uc740 \uae30\uc5c5\uc758 \uc18c\uc720\uc790\uac00 \uacbd\uc601\ud560 \ubc95\ud55c \ubc29\uc2dd\uc73c\ub85c \uc0ac\uc5c5\uc744 \uacbd\uc601\ud558\ub294 \uae30\uc5c5\uc77c \uac83\uc774\ub2e4. \ube44\uc6a9\uc744 \uc5c4\uaca9\ud558\uac8c \uad00\ub9ac\ud558\uace0 \uadf8 \uc808\uac10\ubd84\uacfc2017\ub144 \uc77c\uc2dc\uc801\uc73c\ub85c \ubc8c\uc5b4\ub4e4\uc778 \uc218\uc775\uc740 \uc7ac\ud22c\uc790\ud560 \uac83\uc774\ub2e4. \uc774\ub807\uac8c \ud568\uc73c\ub85c\uc368, \ubbf8\ub798\uc5d0 \uc5b4\ub824\uc6b4 \uc0c1\ud669\uc774 \ub2e5\ucce4\uc744 \ub54c \uae30\uc5c5\uc744 \ubcf4\ud638\ud558\uace0, \ub2e4\uc74c \uc131\uc7a5\uc758 \ud30c\ub3c4\uc5d0 \ud544\uc694\ud55c \ubc1c\ud310\uc744 \ub2e4\uc2dc \ud55c\ubc88 \uc900\ube44\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4.<\/p>\n","protected":false},"author":1,"featured_media":651,"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":[24],"tags":[],"class_list":{"0":"post-649","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bcgx_digital_ai"},"_links":{"self":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/649","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=649"}],"version-history":[{"count":0,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media\/651"}],"wp:attachment":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media?parent=649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/categories?post=649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/tags?post=649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}