{"id":3359,"date":"2021-03-17T12:27:18","date_gmt":"2021-03-17T03:27:18","guid":{"rendered":"https:\/\/whatevers.io\/?p=3359"},"modified":"2021-03-17T12:27:19","modified_gmt":"2021-03-17T03:27:19","slug":"%ec%a0%84%eb%ac%b8-%eb%a0%88%ec%9d%b4-%eb%8b%ac%eb%a6%ac%ec%98%a4-%ec%b1%84%ea%b6%8c%ec%9d%98-%eb%af%b8%eb%9e%98%eb%a5%bc-%ec%95%8c%eb%a0%a4%ec%a4%84%ea%b2%8c-part-1","status":"publish","type":"post","link":"https:\/\/whatevers.kr\/?p=3359","title":{"rendered":"[\uc804\ubb38] \ub808\uc774 \ub2ec\ub9ac\uc624 \u201c\ucc44\uad8c\uc758 \ubbf8\ub798\ub97c \uc54c\ub824\uc904\uac8c\u201d Part 1"},"content":{"rendered":"\n

\ub808\uc774 \ub2ec\ub9ac\uc624\ub294 \uc138\uacc4 \ucd5c\ub300 \ud5e4\uc9c0\ud380\ub4dc\uc778 \ube0c\ub9ac\uc9c0\uc6cc\ud130\ub97c \uc6b4\uc601\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790\uc758 \ub300\uac00\uc778 \ub9cc\ud07c \ubaa8\ub450\uac00 \uadf8\uc758 \ub9d0\uc5d0 \uc9d1\uc911\ud558\uace0 \uc788\ub294\ub370\uc694. \uc774\ubc88\uc8fc \ucd08, \ub808\uc774 \ub2ec\ub9ac\uc624\uac00 \uc790\uc2e0\uc758 \ub9c1\ud06c\ub4dc\uc778\uc5d0 \ucc44\uad8c\uc5d0 \uad00\ud55c \uae00\uc744 \uc791\uc131\ud588\uc2b5\ub2c8\ub2e4.(“Why in the World Would You Own Bonds When…”<\/a>) \uc7a5\uae30\ubd80\ucc44 \uc0ac\uc774\ud074 \ub4f1 \uc720\uc775\ud55c \uac1c\ub150\uc774 \ub9ce\uc774 \ub098\uc640 \ubc88\uc5ed\ud558\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4.[\ud3b8\uc9d1\uc790\uc8fc]<\/strong><\/p>\n\n\n\n

“\ucc44\uad8c \uc2dc\uc7a5\uc740 \uc6b0\uc2a4\uc6b8 \uc815\ub3c4\ub85c \ub0ae\uc740 \uc218\uc775\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.”<\/h3>\n\n\n\n

\ucc44\uad8c \uc2dc\uc7a5\uc740 \uc6b0\uc2a4\uc6b8 \uc815\ub3c4\ub85c \ub0ae\uc740 \uc218\uc775\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/strong> \uc900\ube44 \ud1b5\ud654\uc758 \uc678\ud654\ud45c\uc2dc \ucc44\uad8c\uc758 \uc2e4\uc9c8 \uc218\uc775\ub960\uc740 \ub9c8\uc774\ub108\uc2a4\uc774\uba70 \uc5ed\uc0ac\uc0c1 \uac00\uc7a5 \ub0ae\uc2b5\ub2c8\ub2e4. \ud604\uae08\uc758 \uc2e4\uc9c8 \uc218\uc775\ub960\uc740 \uadf8\ubcf4\ub2e4\ub3c4 \ub354 \uc548 \uc88b\uc8e0. 1930~1945\ub144\uacfc 1915~1920\ub144 \ub3d9\uc548\uc758 \ud1b5\ud654 \ud655\uc7a5 \uc2dc\uae30\ubcf4\ub2e4\ub294 \ub0ab\uc9c0\ub9cc \ub9d0\uc785\ub2c8\ub2e4. \uba85\ubaa9 \ucc44\uad8c \uc218\uc775\ub960 \ub610\ud55c \uc9c0\ub09c \uba87 \uc8fc \uc804 \uac00\uc7a5 \ub0ae\uc740 \uc218\uce58\ub97c \ub2ec\uc131\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc774\ud1a0\ub85d \uadf9\ub3c4\ub85c \ub0ae\uac70\ub098 \uc5c6\ub294 \uc218\uc775\ub960\uc740 \uc790\uc0b0 \ubcf4\uc720\uac00\ub4e4\uc774 \uc774\uc5d0 \ud22c\uc790\ud560 \ud544\uc694\ub97c \ucda9\uc871\uc2dc\ud0a4\uc9c0 \ubabb\ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc5f0\uae30\uae08, \ubcf4\ud5d8\uc0ac, \uad6d\ubd80 \ud380\ub4dc, \uc608\uae08\ub4e4\uc740 \uc774\ub7ec\ud55c \ud22c\uc790\ub85c\ub294 \uae08\uc735\uc801 \uc694\uad6c\ub97c \ucda9\uc871\uc2dc\ud0ac \uc218 \uc5c6\uae30\uc5d0 \ucc44\uad8c\uc5d0 \ub300\ud55c \ud22c\uc790\ub294 \uc774\ub4e4\uc774 \uc758\ubb34\ub97c \ub2e4\ud558\uc9c0 \ubabb\ud558\uac8c \ub9cc\ub4e4 \uac81\ub2c8\ub2e4.<\/p>\n\n\n\n

\ubb3c\ub860 \ucc44\uad8c \ud22c\uc790\ub97c \ud1b5\ud574 \ub3d9\uc2dc\uc5d0 \ubd84\uc0b0 \ud6a8\uacfc\ub85c \uc778\ud55c \uc774\uc775\uc744 \ubcfc \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub807\uc9c0\ub9cc \uae08\ub9ac\uac00 \ub0ae\uc544\uc9c0\ub294 \ub370\uc5d0\ub294 \uc81c\ud55c\uc774 \uc788\uae30\uc5d0 \ucc44\uad8c\uc740 \uac00\uaca9 \uba74\uc5d0\uc11c \uc0c1\ud55c\uc120\uc774 \uc815\ud574\uc838 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub85c \uc778\ud574 \uc0c1\ub300\uc801\uc73c\ub85c \ub0ae\uc740 \uc704\ud5d8 \ud22c\uc790\ub77c\uae30\uc5d4 \ubd80\uc871\ud568\uc774 \uc788\uc8e0.<\/p>\n\n\n\n

\uc544\ub798 \ucc28\ud2b8\ub4e4\uc740 \ubbf8\uad6d, \uc720\ub7fd, \uc77c\ubcf8\uc758 \ucc44\uad8c\ub4e4\uc5d0 \uad00\ud55c \ud45c\uc778\ub370\uc694. \uad6c\uccb4\uc801\uc73c\ub85c\ub294 1900\ub144\ubd80\ud130 \uc9c0\uae08\uae4c\uc9c0\uc758 \uc2e4\uc9c8 \uc218\uc775\ub960, \uba85\ubaa9 \uc218\uc775\ub960, \uba85\ubaa9\/\uc2e4\uc9c8 \uc911\uc559\uc740\ud589 \uae08\ub9ac\ub97c \ubcf4\uc5ec\uc90d\ub2c8\ub2e4.<\/p>\n\n\n\n

\"\"
\ubbf8\uad6d, \uc720\ub7fd, \uc77c\ubcf8 \ucc44\uad8c\ub4e4\uc758 \uc218\uc775\ub960\uc744 \ubcf4\uc5ec\uc8fc\ub294 \ud45c\uc785\ub2c8\ub2e4.<\/figcaption><\/figure><\/div>\n\n\n\n

“\ucc44\uad8c\uc5d0 \ud22c\uc790\ud558\ub294 \uac74 \uc774\uc81c \uc815\ub9d0 \uba4d\uccad\ud55c \uc9d3\uc774 \ub410\uc5b4\uc694.”<\/h3>\n\n\n\n

\ucc44\uad8c\uc5d0 \ud22c\uc790\ud558\ub294 \uac74 \uc774\uc81c \uc815\ub9d0 \uba4d\uccad\ud55c \uc9d3\uc774 \ub410\uc5b4\uc694.<\/strong> \uc0dd\uac01\ud574\ubd05\uc2dc\ub2e4. \ud22c\uc790\uc758 \ubaa9\uc801\uc740 \ud604\uc7ac\uc758 \ub3c8\uc744 \uac00\uc9c0\uace0 \ubbf8\ub798 \uad6c\ub9e4\ub825\uc73c\ub85c \ubc14\uafc0 \uc218 \uc788\ub294 \ubd80\ub85c \uc800\uc7a5\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub807\uae30\uc5d0 \ud22c\uc790\ub97c \ud55c\ub2e4\ub294 \uac70\ub294 \ubbf8\ub798\uc5d0 \uc9c0\ubd88\ud560 \uac83\uc744 \uc77c\uc2dc\uae08\uc73c\ub85c \uacb0\uc81c\ud55c\ub2e4\ub294 \uac83\uacfc \uac19\uc8e0.<\/p>\n\n\n\n

\uc774\uc81c \uadf8\ub7fc \uc774\ub7f0 \uac70\ub798\uac00 \uc9c0\uae08\uc740 \uc5b4\ub5a4 \ubaa8\uc2b5\uc778\uc9c0 \ubd05\uc2dc\ub2e4. \uc81c\uac00 \uc624\ub298 100\ub2ec\ub7ec\ub97c \ub0b8\ub2e4\uba74, \uc5b8\uc81c\ucbe4 \uc6d0\uae08\uc778 100\ub2ec\ub7ec\ub97c \ub3cc\ub824\ubc1b\uace0 \uac70\uae30\uc5d0 \ub300\ud55c \ubcf4\uc0c1\uae4c\uc9c0 \ubc1b\uae30 \uc2dc\uc791\ud560 \uc218 \uc788\uc744\uae4c\uc694? \ubbf8\uad6d, \uc720\ub7fd, \uc77c\ubcf8, \uc911\uad6d\uc758 \ucc44\uad8c\uc5d0 \ud22c\uc790\ud588\ub2e4\uba74 \ub300\ub7b5 \uac01\uac01 42\ub144, 450\ub144, 150\ub144, 25\ub144 \uc815\ub3c4\ub97c \uae30\ub2e4\ub824\uc57c \ud569\ub2c8\ub2e4.<\/p>\n\n\n\n

\uadf8\ub807\uc9c0\ub9cc \ud22c\uc790\ub97c \ud1b5\ud574 \uad6c\ub9e4\ub825\uc744 \uc800\uc7a5\ud558\uace0 \uc2f6\uc740 \uac83\uc774\uae30\uc5d0 \uc5ec\ub7ec\ubd84\uc740 \uc778\ud50c\ub808\uc774\uc158\ub3c4 \uace0\ub824 \uc0ac\ud56d\uc5d0 \ucd94\uac00\ud574\uc57c \ud569\ub2c8\ub2e4. \uadf8\ub807\uac8c \ub41c\ub2e4\uba74 \ubbf8\uad6d\uc5d0 \ud22c\uc790\ud55c \ubd84\ub4e4\uc740 500\ub144\uc744 \uae30\ub2e4\ub824\uc57c \ud558\uace0, \uc720\ub7fd\uc774\ub098 \uc77c\ubcf8\uc5d0 \ud22c\uc790\ud55c \ubd84\ub4e4\uc740 \uc601\uc601 \uad6c\ub9e4\ub825\uc744 \ud68c\ubcf5\ud560 \uc218 \uc5c6\uc744 \uac81\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc0ac\uc2e4 \uc9c0\uae08 \uc774\ub7f0 \uad6d\uac00\uc758 \ucc44\uad8c\uc744 \uc0b0\ub2e4\uba74 \uc5ec\ub7ec\ubd84\uc774 \ub354 \ub0ae\uc740 \uad6c\ub9e4\ub825\uc744 \uc5bb\uc744 \uac83\uc774\ub77c\uace0 \ubcf4\uc7a5\ud560 \uc218 \uc788\ub294 \uc0c1\ud669\uc774\uc8e0. \uc778\ud50c\ub808\uc774\uc158\ubcf4\ub2e4\ub3c4 \ubabb\ud55c \uc218\uc775\ub960\uc740 \uc5bb\ub290\ub2c8 \ucd5c\uc18c\ud55c \uc778\ud50c\ub808\uc774\uc158\uc774\ub791 \uac19\uac70\ub098 \ub354 \ub192\uc740 \uc218\uc775\ub960\uc744 \uc904 \uac83\uc5d0 \ud22c\uc790\ub97c \ud558\ub294 \uac8c \uc801\uc808\uce58 \uc54a\uc744\uae4c\uc694?<\/p>\n\n\n\n

\uc800\ud76c\ub294 \uc2e4\uc81c\ub85c \uc778\ud50c\ub808\uc774\uc158\ubcf4\ub2e4 \ub208\uc5d0 \ub744\uac8c \ub192\uc740 \uc218\uc775\ub960\uc744 \uac00\uc838\ub2e4\uc904 \ub9ce\uc740 \ud22c\uc790\ucc98\ub97c \ubc1c\uacac\ud588\uc2b5\ub2c8\ub2e4. \uc544\ub798 \ucc28\ud2b8\ub294 \ubbf8\uad6d\uc5d0\uc11c \ud604\uae08\uacfc \ucc44\uad8c\uc5d0 \ud22c\uc790\ud574 \ub3c8\uc744 \ub3cc\ub824\ubc1b\uc744 \uc218 \uc788\ub294 \uae30\uac04\uc744 \uba85\ubaa9\/\uc2e4\uc9c8\uc801 \uce21\uba74\uc5d0\uc11c \uc870\uba85\ud574\ubd24\uc2b5\ub2c8\ub2e4. \ubcf4\uc2dc\ub2e4\uc2dc\ud53c \ub9d0\ub3c4 \uc548 \ub418\uac8c \uae34 \uc2dc\uac04\uc774 \uac78\ub9ac\uace0 \uc774\ub294 \uc5ed\uc0ac\uc0c1 \ucd5c\ub300 \uc218\uce58\uc8e0.<\/p>\n\n\n\n

\"\"
\ud604\uae08\uacfc \ucc44\uad8c\uc5d0 \ud22c\uc790\ud558\ub294 \uac74 \ub3c8\uc744 \uc783\uaca0\ub2e4\ub294 \uc758\ubbf8\uc785\ub2c8\ub2e4.<\/figcaption><\/figure><\/div>\n\n\n\n

“\ubbf8\uad6d \ucc44\uad8c\uc5d0\uc11c \uc911\uad6d \ucc44\uad8c\uc73c\ub85c\uc758 \uc774\ub3d9\uc774 \uc77c\uc5b4\ub098\uace0 \uc788\uc2b5\ub2c8\ub2e4.”<\/h3>\n\n\n\n

\ud604\uc7ac a) \uc138\uc0c1\uc5d0\ub294 \uc5c4\uccad\ub09c \uc591\uc758 \ucc44\uad8c\uc774 \ub098\uc640 \uc788\uace0, \uc774\ub7f0 \uc640\uc911\uc5d0 b) \uac01\uad6d \uc815\ubd80\ub3c4 \uc5c4\uccad\ub09c \uc591\uc758 \ucd94\uac00\uc801\uc778 \ubd80\ucc44\uc640 \ucc44\uad8c\uc744 \uc0dd\uc0b0\ud574\ub0b4\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/strong><\/p>\n\n\n\n

\ud2b9\ud788 \uc774\ub7f0 \ud604\uc0c1\uc740 \ubbf8\uad6d \uad6d\ucc44\uc758 \uacbd\uc6b0\uc5d0 \ub354\uc6b1 \ub450\ub4dc\ub7ec\uc9d1\ub2c8\ub2e4. \ubbf8\uad6d \ucc44\uad8c\uc740 \ud604\uc7ac \uc911\uc559\uc740\ud589, \uad6d\ubd80\ud380\ub4dc, \uad6d\uc81c\ud22c\uc790\uc790 \ub4f1\uc774 \ub4e4\uace0 \uc788\ub294 \uae00\ub85c\ubc8c \ucc44\uad8c \uc911 \ud640\ub85c 30% \uc774\uc0c1\uc744 \ucc28\uc9c0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \ucc44\uad8c \ub2e4\uc74c\uc73c\ub85c \ud070 \ucc44\uad8c\uc774 \uc720\ub85c \ucc44\uad8c\uc778\ub370 \ubbf8\uad6d\uc758 60%\uc5d0 \ubd88\uacfc\ud558\uc8e0.<\/p>\n\n\n\n

\uc774\ub807\uac8c\ub098 \ubbf8\uad6d \ucc44\uad8c\uc758 \uc778\uae30\uac00 \ub192\uc558\ub358 \uc810\uc740 \ub300\uccb4\ub85c \ubbf8\uad6d \ub2ec\ub7ec\uac00 \uae30\ucd95 \ud1b5\ud654\uac00 \ub428\uc5d0 \ub530\ub77c \ubbf8\uad6d\uc774 \ub204\ub9ac\uace0 \uc788\ub294 “\uacfc\ub3c4\ud55c \ud2b9\uad8c”\uc774 \uc788\uc5c8\uae30\uc5d0 \uac00\ub2a5\ud588\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub85c \uc778\ud574 \ubbf8\uad6d\uc740 \uc218 \uc138\uae30 \ub3d9\uc548 \uacfc\ub3c4\ud558\uac8c \ub300\ucd9c\uc744 \ubc1b\uc744 \uc218 \uc788\uc5c8\uc8e0.<\/p>\n\n\n\n

\"\"
\ud2b8\ub7fc\ud504 \uc804 \ub300\ud1b5\ub839\uc740 \uacbd\uc81c\uac00 \uc88b\uc740 \uc0c1\ud669\uc5d0\uc11c\ub3c4 \ubc95\uc778\uc138\ub97c \uac10\uc138\ud558\uc5ec \ubd80\ucc44\uc758 \ubd80\ub2f4\uc744 \ub298\ub824\uc8fc\uc5c8\uc2b5\ub2c8\ub2e4.<\/figcaption><\/figure><\/div>\n\n\n\n

\uadf8\ub7f0\ub370 \ub9d0\uc774\uc8e0. \uae30\ucd95\ud1b5\ud654\uac00 \ub428\uc5d0 \ub530\ub77c \uacfc\ub3c4\ud558\uac8c \ub300\ucd9c\ubc1b\uc544 \uacb0\uad6d \ubd80\ucc44\uac00 \ub9ce\uc544\uc9c0\ub294 \uac83\uc774 \uae30\ucd95\ud1b5\ud654\ub85c\uc11c\uc758 \uc9c0\uc704\ub97c \uc704\ud611\ud558\ub294 \uc0c1\ud669\uc740 \uc804\ud615\uc801\uc778 \ud328\ud134\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc0ac\uc774\ud074 \uc0ac\uc774\uc5d0\uc11c \uc0c8\ub86d\uac8c \ub5a0\uc624\ub974\ub294 \uacbd\uc7c1 \uc81c\uad6d\uc758 \ud1b5\ud654\uc640 \uc790\ubcf8\uc2dc\uc7a5\uc774 \ub4f1\uc7a5\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc2e4\uc81c\ub85c \uc774 \uc0ac\uc774\ud074\ucc98\ub7fc \ubbf8\uad6d \ucc44\uad8c\uc5d0\uc11c \uc911\uad6d \ucc44\uad8c\uc73c\ub85c\uc758 \uc774\ub3d9\uc774 \uc77c\uc5b4\ub098\uace0 \uc788\ub294\ub370\uc694. \uc544\uc9c1\uae4c\uc9c4 \uc804\uccb4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc5d0\uc11c 6%\uac00\ub7c9\ub9cc \ucc28\uc9c0\ud558\uace0 \uc788\uc9c0\ub9cc, \ud604\uc7ac \uae00\ub85c\ubc8c \ud22c\uc790\uc790\ub4e4\uc774 \ubcf4\uc720\ud55c \uc911\uad6d \ucc44\uad8c\uc758 \ube44\uc911\uc774 \uae09\uaca9\ud558\uac8c \ub298\uc5b4\ub098\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc774\ub7ec\ud55c \uc774\ub3d9\uc740 4\uac00\uc9c0 \uc774\uc720\uc5d0\uc11c \uc77c\uc5b4\ub098\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

a) \uc2e4\uc9c8\uc801\uc778 \uacbd\uc81c \uaddc\ubaa8, \uc138\uacc4 \ubb34\uc5ed\ub7c9 \ube44\uc911, \uc790\ubcf8 \uc2dc\uc7a5\uc758 \uaddc\ubaa8 \ub4f1 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ube44\uc911 \uc120\uc815\uc5d0 \ud544\uc694\ud55c \ud3c9\uac00\ub97c \uc885\ud569\uc801\uc73c\ub85c \uace0\ub824\ud574\ubcf4\uc558\uc744 \ub54c, \uae00\ub85c\ubc8c \ud22c\uc790\uc790\ub4e4\uc740 \ud604\uc7ac \ubbf8\uad6d \ucc44\uad8c\uc5d0 \uacfc\ub3c4\ud558\uac8c \ud22c\uc790\ud558\uace0 \uc788\uace0, \ubc18\ub300\ub85c \uc911\uad6d \ucc44\uad8c\uc5d0\ub294 \ub35c \ud22c\uc790\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>

b) \uc911\uad6d\uc758 \ucc44\uad8c\uc744 \ube44\ub86f\ud55c \ub2e4\uc591\ud55c \ud22c\uc790\ucc98\uac00 \ube60\ub974\uac8c \uc131\uc7a5\ud558\uace0 \uc788\uc73c\uba70, \ud574\uc678 \ud22c\uc790\uc790\ub4e4\uc774 \ud22c\uc790\ud560 \uc218 \uc788\uac8c \uac1c\ubc29\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>

c) \uc911\uad6d\uc758 \uc591\ud638\ud55c \uad6d\uac00 \uc218\uc9c0 \uc0c1\ud669\uc73c\ub85c \uc778\ud558\uc5ec \uc911\uad6d \ucc44\uad8c\uc740 \ube44\uad50\uc801 \ub9e4\ub825\uc801\uc778 \ud658\uc728 \uc774\uc775\uacfc \ud568\uaed8 \ube44\uad50\uc801 \ub192\uc740 \uc774\uc775\ub960\uc744 \uc81c\uacf5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>

d) \uc911\uad6d\uc758 \ud1b5\ud654\ub294 \uae09\uaca9\ud788 \uad6d\uc81c\ud654\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p><\/blockquote>\n\n\n\n

\uc774\ub7ec\ud55c \uc0c1\ud669\ub4e4\uc744 \ubaa8\ub450 \uace0\ub824\ud574\ubcf8\ub2e4\uba74, 3\uac1c\uc758 \uc8fc\uc694 \uae30\ucd95\ud1b5\ud654\uc5d0\ub294 \uc545\uc7ac\uac00 \ub420 \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4. \ub2ec\ub7ec\ud654, \uc720\ub85c\ud654, \uadf8\ub9ac\uace0 \uc5d4\ud654\ub85c \ud45c\uc2dc\ub41c \ucc44\uad8c\uc740 \ubb3c\ub860 \ud604\uae08\uacfc \ud1b5\ud654\uc5d0 \ubaa8\ub450 \uc704\ud611\uc73c\ub85c \ub2e4\uac00\uc62c \uac81\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc2e4\uc81c\ub85c \uadf8\ub7f4 \uc77c\uc774 \ubc8c\uc5b4\uc9c8 \uc218\ub3c4 \uc788\uaca0\uc2b5\ub2c8\ub2e4\ub9cc, \ub9cc\uc57d \uae30\ucd95\ud1b5\ud654 \ud45c\uc2dc \ucc44\uad8c\uc5d0 \ub300\ud55c \uc218\uc694\uac00 \uacf5\uae09\ubcf4\ub2e4 \ub208\uc5d0 \ub744\uac8c \uac10\uc18c\ud55c\ub2e4\uba74 \ud06c\uac8c 2\uac00\uc9c0\uc758 \uc0ac\uac74\uc774 \uc77c\uc5b4\ub0a0 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

a) \uae08\ub9ac\ub294 \uc624\ub974\uace0 \ucc44\uad8c\uc758 \uac00\uaca9\uc740 \ub0b4\ub824\uac08 \uac83\uc785\ub2c8\ub2e4.<\/p>

b) \uac01\uad6d \uc911\uc559\uc740\ud589\uc740 \uc790\uc720\uc2dc\uc7a5\uc5d0\uc11c \ud314\ub9ac\uc9c0 \uc54a\ub294 \uc790\uc2e0\ub4e4\uc758 \ucc44\uad8c\uc744 \uc0ac\ub4e4\uc774\uae30 \uc704\ud574 \ub9c9\ub300\ud55c \uc591\uc758 \ub3c8\uc744 \ucc0d\uc5b4\ub0bc \uac83\uc785\ub2c8\ub2e4. \uc774\ub294 \ub9ac\ud50c\ub808\uc774\uc158\uc744 \uc720\ubc1c\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>

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

“\ucc44\uad8c\uc758 \ub300\ub7c9 \ub9e4\ub3c4\uac00 \ud55c\ubc88 \uc2dc\uc791\ub418\uba74 \uba48\ucd94\uae30 \ud798\ub4e4 \uac83\uc785\ub2c8\ub2e4.”<\/h3>\n\n\n\n

\ub9cc\uc57d \ucc44\uad8c\uc758 \uac00\uaca9\uc774 \uae09\uaca9\ud788 \ub0b4\ub824\uac04\ub2e4\uba74, \ucc44\uad8c \ubcf4\uc720\uc790\ub4e4\uc740 \uc2ec\uac01\ud55c \uc190\uc2e4\uc744 \ubcfc \uac81\ub2c8\ub2e4. \uc774\ub85c \uc778\ud574 \ub354\uc6b1\ub354 \ub9ce\uc740 \ucc44\uad8c\uc744 \ub9e4\ub3c4\ud558\uace0 \uc2f6\uc744 \uac81\ub2c8\ub2e4.<\/strong><\/p>\n\n\n\n

\ucc44\uad8c\uc740 \uc9c0\ub09c 40\ub144 \ub3d9\uc548 \uc0c1\uc2b9 \uc7a5\uc138\uc5d0 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud588\ub358 \uc774\ub4e4\uc744 \ubcf4\uc0c1\ud588\uace0, \ud558\ub77d\uc5d0 \ubca0\ud305\ud588\ub358 \uc774\ub4e4\uc744 \ubc8c\ud588\uc5c8\uc8e0. \uc624\ub79c \uc0c1\uc2b9 \uc7a5\uc138\ub85c \uc778\ud574 \uc774\uc81c\ub294 \uac00\uaca9 \ud558\ub77d\uc744 \uc2ec\uac01\ud558\uac8c \ubc1b\uc544\ub4e4\uc774\uc9c0 \uc54a\uace0 \ud3b8\uc548\ud558\uac8c \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ub9cc \ud558\ub294 \uc774\ub4e4\uc774 \ub9ce\uc544\uc84c\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc774\ub4e4\uc774 \ubc84\ube14\uc744 \ub9cc\ub4dc\ub294 \ub370\uc5d0 \uc77c\uc870\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\"\"
\ub808\uc774 \ub2ec\ub9ac\uc624 \ubcf8\uc778\uc740 \ud3b8\uc548\ud568\uc5d0 \uc548\uc8fc\ud558\uc9c0 \uc54a\uace0 \uacfc\uac10\ud788 \uc790\uc2e0\uc758 \ucc44\uad8c\uc744 \uc804\ub7c9\ub9e4\ub3c4\ud55c \uac83\uc73c\ub85c \uc720\uba85\ud569\ub2c8\ub2e4.<\/figcaption><\/figure><\/div>\n\n\n\n

\uadf8\ub7fc \uc774\uc81c \uc704\uc5d0 \uc5b8\uae09\ud55c \uc774\uc720\ub4e4 \uc77c\ubd80 \ud639\uc740 \uc804\uccb4\ub85c \uc778\ud574 \uc774\ub4e4\uc774 \uc790\uc2e0\uc774 \ubcf4\uc720\ud55c \ucc44\uad8c\uc744 \ud314\uace0 \uc2f6\uc5b4\uc9c0\uba74 \uc5b4\ub5a4 \uc77c\uc774 \ubc8c\uc5b4\uc9c8\uae4c\uc694?<\/strong> \ud604\uc7ac 75\uc870 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ubbf8\uad6d \ucc44\uad8c\uc774 \uac01\uae30 \ub2e4\ub978 \ub9cc\uae30\uc77c\uc744 \uac00\uc9c0\uace0 \uc2dc\uc7a5\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 \uc911\uc7a5\uae30 \ucc44\uad8c\uc774 \ub300\ub7b5 16\uc870 \ub2ec\ub7ec \uaddc\ubaa8\ub85c \uc788\uace0, \ub2e4\ub978 \ub9cc\uae30\uc77c\uc744 \uac00\uc9c4 \ubbf8\uad6d \uc7ac\ubb34\ubd80 \ucc44\uad8c\uc774 \ub300\ub7b5 5\uc870 \ub2ec\ub7ec \uc815\ub3c4 \ub429\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc774\ub7ec\ud55c \ucc44\uad8c\uc744 \uc18c\uc720\ud558\uace0 \uc788\ub294 \ubd84\ub4e4\uc740 \ub9cc\uae30\uc77c\uae4c\uc9c0 \uc774\uac78 \ub4e4\uba74\uc11c \ub054\ucc0d\ud55c \uc218\uc775\ub960\uc744 \ubc1b\uc544\ub4e4\uc774\uac70\ub098 \uc774\ub4e4\uc744 \ud30c\ub824\uace0 \ud558\uaca0\uc8e0. \ud22c\uc790\uc790 \ub300\ubd80\ubd84\uc740 \ucc44\uad8c\uc744 \ud314\uba74\uc11c \ud604\uae08\uc744 \ubc1b\uace0 \uc774\ub97c \ud1b5\ud574 \ubb3c\uac74\uacfc \uc11c\ube44\uc2a4\ub97c \uad6c\ub9e4\ud560 \uc218 \uc788\ub2e4\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \uc0ac\uc2e4 \uae08\uc735\uc0c1\ud488\uc744 \ubcf4\uc720\ud55c\ub2e4\ub294 \uac83 \uc790\uccb4\uac00 \uad6c\ub9e4\ub825\uc744 \ub192\uc774\ub824\ub294 \uc758\ub3c4\ub9cc\uc744 \uac00\uc9c0\uace0 \ud558\ub294 \uac83\uc774\uc8e0.<\/p>\n\n\n\n

\uadfc\ub370 \ubb38\uc81c\uac00 \uc788\uc2b5\ub2c8\ub2e4. \ud604\uc7ac \uac00\uce58 \ud3c9\uac00\ub85c \ubcf4\uba74 \ub108\ubb34\ub098\ub3c4 \ub9ce\uc740 \ub3c8\uc774 \ucc44\uad8c\uc5d0 \ud22c\uc790\ub418\uace0 \uc788\uc8e0. \uadf8\ub85c \uc778\ud574 \ucc44\uad8c\uc5d0 \ud22c\uc790\ub418\uc5c8\ub358 \ub3c8 \uc911\uc5d0\uc11c \uc2e4\uc81c\ub85c \uad6c\ub9e4\ub825\uc744 \ud589\uc0ac\ud560 \uc218 \uc788\ub294 \ub3c8\uc73c\ub85c \ubc14\ub00c\ub294 \ube44\uc728\uc774 \ub9e4\uc6b0 \ub192\uc744 \uac83\uc774\ub77c\uace0 \uc608\uc0c1\ud558\uae30\ub294 \uc27d\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ub9cc\uc57d \uc774\ub807\uac8c\ub098 \ub9ce\uc740 \ucc44\uad8c\uc744 \ud604\uae08\ud654\ud558\uaca0\ub2e4\uace0 \ud55c\ub2e4\uba74, “\ubc45\ud06c\ub7f0”\uacfc \uac19\uc740 \uc5ed\ud559\uc774 \ubc1c\uc0dd\ud560 \uac81\ub2c8\ub2e4. \uc800\ud76c\ub294 \uc774\ub97c “\ubc18\ub300\uc758 \ubb3c\uacb0”\ub85c \ubd80\ub974\ub294\ub370, \uc774\ub7f0 \ud604\uc0c1\uc740 \ud55c\ubc88 \ubc8c\uc5b4\uc9c0\uba74 \uba48\ucda4\uc774 \uc5c6\ub294 \uac83\uc774 \ud2b9\uc9d5\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc774\uac74 1930\ub144~1945\ub144 \uc2dc\uae30\uc640 1970~1980\ub144 \uc2dc\uae30\uc640 \uc720\uc0ac\ud55c\ub370\uc694. \ub3c8\uc744 \ub9ce\uc774 \ucc0d\uc5b4\ub0b4\uc5b4 \ud654\ud3d0\uc758 \uac00\uce58\uac00 \ud558\ub77d\ud558\uace0, \uc218\ub9ce\uc740 \ubd80\ucc44\uc640 \uc815\ubd80 \uc790\uae08\uc774 \uc7ac\uc870\uc815\ub418\ub294 \uacfc\uc815\uc744 \ud1b5\ud574\uc11c \uc218\uc6a9\ub418\uc5c8\ub358 \uc2dc\uae30\ub4e4\ucc98\ub7fc \ub9d0\uc774\uc8e0.<\/p>\n\n\n\n

\"\"
\ubbf8\uad6d\uc758 \ubd80\ucc44\ub294 \uc5ed\ub300 \ucd5c\uace0\uce58\ub97c \ub2ec\uc131\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/figcaption><\/figure><\/div>\n\n\n\n

“1930\ub144\ub300\ucc98\ub7fc \uc7a5\uae30\ubd80\ucc44 \uc0ac\uc774\ud074\uc758 \ub05d\uc790\ub77d\uc5d0 \uc704\uce58\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.”<\/h3>\n\n\n\n

\uacf5\uae09\uacfc \uc218\uc694\uc758 \ubd88\uade0\ud615\uc73c\ub85c \uc778\ud574 \uae08\ub9ac\uac00 \ubc14\ub78c\uc9c1\ud55c \uc218\uce58\ubcf4\ub2e4 \ub354 \ub192\uac8c \uc624\ub974\ub294 \uc0c1\ud669\uc744 \ub9de\ub2e5\ub728\ub9b0 \uc911\uc559\uc740\ud589\uc740 \ub3c8\uc744 \ucc0d\uc5b4\ub0c5\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \ucc44\uad8c\uc744 \uc0ac\uace0 \ucc44\uad8c \uc218\uc775\ub960\uc5d0 \uc0c1\ud55c\uc120\uc744 \ub450\uc5b4 “\uc218\uc775 \uace1\uc120 \ud1b5\uc81c”(Yield Curve Control, YCC)\ub97c \ud574\ub0b4\uc8e0. \uacb0\uad6d, \ud604\uae08\uc758 \uac00\uce58\ub294 \ub5a8\uc5b4\uc9c8 \uac83\uc785\ub2c8\ub2e4. \uc911\uc559\uc740\ud589\uc758 \uc774\ub7f0 \ud589\ub3d9\uc740 \uc5ed\uc0ac\uc801\uc73c\ub85c\ub3c4 \ubcf4\uc5ec\uc654\uace0, \ub17c\ub9ac\uc801\uc73c\ub85c\ub3c4 \ub9de\uc2b5\ub2c8\ub2e4.<\/strong><\/p>\n\n\n\n

\uc774\ub85c \uc778\ud574 \ud604\uae08\uc744 \ub4e4\uace0 \uc788\ub294 \uac83\uc740 \ub054\ucc0d\ud55c \uc77c\uc784\uacfc \ub3d9\uc2dc\uc5d0 \ube4c\ub9ac\ub294 \uac83\uc740 \ub9e4\uc6b0 \ud604\uba85\ud55c \uc77c\uc774 \ub418\uc5c8\uc8e0. \uc911\uc559\uc740\ud589\uc740 \uc790\uc2e0\uc774 \uac00\uc9c0\uace0 \uc788\ub294 \ud798\uc744 \ud1b5\ud574 \ucd5c\uc18c\ud55c \uc77c\uc2dc\uc801\uc73c\ub85c\ub77c\ub3c4 \uae08\ub9ac\uc5d0 \uc0c1\ud55c\uc120\uc744 \ub450\uc5b4 \uc7a5\uae30\uae08\ub9ac\uc5d0 \ube44\ud574 \ub2e8\uae30\uae08\ub9ac\uc758 \uc0c1\uc2b9\uc744 \uc81c\ud55c\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub9c9\ub300\ud558\uac8c \uc81c\uacf5\ub418\ub294 \ud604\uae08\uc73c\ub85c \ucc44\uad8c\uc744 \uc0ac\ub294 \uac83\uc774 \uc774\ub4dd\uc774 \ub418\uaca0\uc8e0.<\/p>\n\n\n\n

\uc608\ub97c \ub4e4\uc5b4\ubd05\uc2dc\ub2e4. 1930\ub144\uc5d0\uc11c 1945\ub144 \uc0ac\uc774 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed, \uc774\ud558 \uc5f0\uc900)\ub294 \ucc44\uad8c\uacfc \ud604\uae08\uc758 \uc218\uc775\ub960\uc744 \uac01\uac01 2.5%\uc640 1% \uc120\uc73c\ub85c \ub9de\ucdc4\uc2b5\ub2c8\ub2e4. \ud604\uae08\uc744 \ube4c\ub824 \ucc44\uad8c\uc5d0 \ud22c\uc790\ud558\ub294 \uac83\uc774 \uc720\uc775\ud55c \uc0c1\ud669\uc774\uc5c8\uc8e0.<\/p>\n\n\n\n

\ud558\uc9c0\ub9cc \uc774\ub7f0 \uc218\uc775\uc131\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc774\ub294 \uacb0\uad6d \uc911\uc559\uc740\ud589 \uae08\ub9ac\uc640 \ucc44\uad8c \uc774\uc790\uc728 \ubaa8\ub450\uc5d0 \uc88b\uc9c0 \uc54a\uc740 \uc0c1\ud669\uc785\ub2c8\ub2e4. \uc911\uc559\uc740\ud589 \uae08\ub9ac\uac00 \uc6cc\ub099 \ub0ae\ub2e4 \ubcf4\ub2c8 \uc0ac\ub78c\ub4e4\uc774 \ud604\uae08\uc744 \ube4c\ub824\uc11c \ucc44\uad8c\ubcf4\ub2e4 \ub354 \ub192\uc740 \uc218\uc775\ub960\uc744 \uc81c\uacf5\ud558\ub294 \uacf3\uc5d0 \ud22c\uc790\ud558\ub294 \uac83\uc740 \uc790\uc5f0\uc2a4\ub7ec\uc6b4 \ud604\uc0c1\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

\"\"
\ub8e8\uc2a4\ubca8\ud2b8 \ub300\ud1b5\ub839\uc758 \ub274\ub51c \uc815\ucc45\uc758 \uc77c\ubd80\uc600\ub358 \ud6c4\ubc84 \ub310 \uac74\uc124\uc785\ub2c8\ub2e4. \ub2f9\uc2dc \ubbf8\uad6d\uc740 \ud604\uc7ac \ubbf8\uad6d\ucc98\ub7fc \uc5c4\uccad\ub09c \uc591\uc758 \ubd80\ucc44\ub97c \uc548\uace0 \uc788\uc5c8\ub358 \uc0c1\ud669\uc774\uc5c8\uc2b5\ub2c8\ub2e4.<\/figcaption><\/figure><\/div>\n\n\n\n

1930\ub144~1945\ub144 \uae30\uac04\uc73c\ub85c \ub3cc\uc544\uc640 \ubcf4\uba74, \uc5f0\uc900\uc740 \uc218\uc775\ub960\uc744 2.5%\uc640 1% \uc120\uc73c\ub85c \uc720\uc9c0\ud558\ub294 \ub370\uc5d0 \uc131\uacf5\ud558\uc600\uc2b5\ub2c8\ub2e4. \uae08\uc758 \uae08\uc9c0\ud558\ub294 \ud55c\ud3b8 \uc790\ubcf8 \uc774\ub3d9\uc744 \ud1b5\uc81c\ud558\ub294 \ubc29\ubc95\uc744 \ud1b5\ud574\uc11c \ub9d0\uc774\uc8e0.<\/p>\n\n\n\n

\uc774\ub7f0 \uac83\uc744 \ubcf4\uba74 \ucc44\uad8c\uc5d0 \uc20f\ubca0\ud305\uc744 \ud558\uace0 \uc2f6\uc740 \ud55c\ud3b8, \uc800\ub294 \uc911\uc559\uc740\ud589\uc774 \ud604\uae08\uc740 \ub354\uc6b1\ub354 \ub054\ucc0d\ud558\uac8c \ub9cc\ub4e4 \uac83\uc744 \uc54c\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub610 \uc911\uc559\uc740\ud589\uc740 \ub2e4\ub978 \ud22c\uc790 \uc790\uc0b0\uc758 \uc6c0\uc9c1\uc784\uacfc \ub2e4\ub978 \uad6d\uac00\ub97c \ub9c9\uc544\uc57c\ub9cc \ud55c\ub2e4\ub294 \uc810\ub3c4 \uc54c\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc774\ub7ec\ud55c \uc6c0\uc9c1\uc784 \ubaa8\ub450 \uc7a5\uae30\ubd80\ucc44 \uc0ac\uc774\ud074\uc758 \uac00\uc7a5 \ub9c8\uc9c0\ub9c9\uc774\uc790 \uac00\uc7a5 \ud30c\uad34\uc801\uc778 \uc21c\uac04\uc5d0 \ub3c4\ub2ec\ud588\ub2e4\ub294 \uc2e0\ud638\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc790, \uc774\uc81c \uadf8\ub7fc \uc911\uc559\uc740\ud589\uc758 \ud589\ub3d9\uc744 \uc9c0\ucf1c\ubcf4\ub3c4\ub85d \ud569\uc2dc\ub2e4. \ud2b9\ud788 \uc7a5\uae30\uae08\ub9ac\uc758 \uc8fc\ub3c4\ub85c \uc778\ud55c \uae08\ub9ac \uc0c1\uc2b9 \uc2dc\uae30\uc640 \uc2dc\uc7a5\uacfc \uacbd\uc81c\uac00 \uac15\ud55c \uc2dc\uae30\uc5d0 \uadf8\ub4e4\uc774 \uc9c4\uc9dc \ub354 \ub9ce\uc740 \ucc44\uad8c\uc744 \ub9e4\uc218\ud558\ub294\uc9c0 \ubd10\uc57c \ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ud589\ub3d9\uc740 \uc911\uc559\uc740\ud589\uc774 \uacf5\uae09\uacfc \uc218\uc694\uc758 \ubd88\uade0\ud615 \ubb38\uc81c\uc5d0 \ubd09\ucc29\ud588\ub2e4\ub294 \uc2e0\ud638\uc774\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

\"\"
\ucf54\ub85c\ub098 \uc0c1\ud669\uc744 \ub9de\uc774\ud558\uc5ec \ud3ed\ubc1c\uc801\uc73c\ub85c \ub3c8\uc744 \ud480\uace0 \uc788\ub294 \ubc14\uc774\ub4e0 \ub300\ud1b5\ub839\uc758 \ubaa8\uc2b5\uc785\ub2c8\ub2e4. <\/figcaption><\/figure><\/div>\n\n\n\n

\ub610 \uacbd\uc81c\uc758 \ud65c\ub825\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\ub825\uacfc \ube44\uad50\ud588\uc744 \ub54c \uacbd\uc81c \ucd09\uc9c4\uc81c \ud22c\ud558\ud558\ub294 \uc591\uc758 \uc99d\uac10\ub960\uc744 \uc9c0\ucf1c\ubcf4\ub3c4\ub85d \ud569\uc2dc\ub2e4. \uc131\uc7a5 \ub2e8\uc704\ub2f9 \ub354 \ub9ce\uc740 \ubd80\uc591\ucc45\uc774 \uc3df\uc544\uc9c8\uc218\ub85d, \uc774\uc5d0 \ub300\ud55c \ud6a8\uacfc\ub294 \ub354\uc6b1 \uc801\uc5b4\uc9c8 \uac83\uc774\uba70 \uc0c1\ud669\uc740 \ub354\uc6b1 \uc545\ud654\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n

\uc774 \ubaa8\ub4e0 \uac83\ub4e4\uc774 \uc5ec\ub7ec\ubd84\uc5d0\uac8c \ubbf8\uce5c \uc18c\ub9ac\ucc98\ub7fc \ub4e4\ub9b4\uc9c0 \uc798 \uc555\ub2c8\ub2e4. \uc0ac\uc2e4 \uc800\ud55c\ud14c\ub3c4 \ubbf8\uce5c \uc18c\ub9ac\ucc98\ub7fc \ub4e4\ub9ac\ub2c8\uae4c\uc694.<\/p>\n\n\n\n

\ud558\uc9c0\ub9cc \uc800\ub294 \uc2dc\uc7a5\uacfc \uacbd\uc81c\uc758 \uc218\ubc31 \ub144 \uc5ed\uc0ac\ub97c \uacf5\ubd80\ud558\uba74\uc11c, \ub610 \uc81c\uac00 \uac1c\uc778\uc801\uc73c\ub85c 1970\ub144\ubd80\ud130 1980\ub144\uc744 \uacbd\ud5d8\ud574\ubd24\uc2b5\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \uc774\ub7ec\ud55c \ubd80\ub958\uc758 \uc5ed\ud559\uc744 \ubc1c\uc0dd\uc2dc\ud0a4\ub294 \uc77c\ub828\uc758 \uc0c1\ud669\ub4e4\uc758 \ud569\uc77c\uc744 \ub9ce\uc774 \ubd10\uc654\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

To Be Continued…<\/p>\n","protected":false},"excerpt":{"rendered":"

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