{"id":44171,"date":"2026-04-08T00:27:51","date_gmt":"2026-04-08T00:27:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/ing%ec%9d%98-%eb%aa%a8%eb%a6%ac%ec%8a%a4-%eb%b0%98-%ec%82%b0%ed%85%8c%eb%8a%94-%ec%a4%91%eb%8f%99-%eb%b6%84%ec%9f%81%ec%9c%bc%eb%a1%9c-%ec%9d%b8%ed%95%9c-%ec%9c%a0%ea%b0%80%c2%b7%ea%b0%80%ec%8a%a4\/"},"modified":"2026-04-08T00:27:51","modified_gmt":"2026-04-08T00:27:51","slug":"ing%ec%9d%98-%eb%aa%a8%eb%a6%ac%ec%8a%a4-%eb%b0%98-%ec%82%b0%ed%85%8c%eb%8a%94-%ec%a4%91%eb%8f%99-%eb%b6%84%ec%9f%81%ec%9c%bc%eb%a1%9c-%ec%9d%b8%ed%95%9c-%ec%9c%a0%ea%b0%80%c2%b7%ea%b0%80%ec%8a%a4","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/ing%ec%9d%98-%eb%aa%a8%eb%a6%ac%ec%8a%a4-%eb%b0%98-%ec%82%b0%ed%85%8c%eb%8a%94-%ec%a4%91%eb%8f%99-%eb%b6%84%ec%9f%81%ec%9c%bc%eb%a1%9c-%ec%9d%b8%ed%95%9c-%ec%9c%a0%ea%b0%80%c2%b7%ea%b0%80%ec%8a%a4\/","title":{"rendered":"ING\uc758 \ubaa8\ub9ac\uc2a4 \ubc18 \uc0b0\ud14c\ub294 \uc911\ub3d9 \ubd84\uc7c1\uc73c\ub85c \uc778\ud55c \uc720\uac00\u00b7\uac00\uc2a4 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc720\ub7fd \uac74\uc124\uc790\uc7ac \ube44\uc6a9\uc744 \ub04c\uc5b4\uc62c\ub9b4 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4"},"content":{"rendered":"

\uc911\ub3d9 \uc9c0\uc5ed\uc758 \uac08\ub4f1\uc73c\ub85c \uc6d0\uc720\uc640 \ucc9c\uc5f0\uac00\uc2a4 \uac00\uaca9\uc774 \uc0c1\uc2b9\ud588\ub2e4. \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9\uc740 \uc2dc\uba58\ud2b8, \ucf58\ud06c\ub9ac\ud2b8, \ubcbd\ub3cc \ub4f1 \uc720\ub7fd \uac74\uc124\uc790\uc7ac\uc758 \uc0dd\uc0b0\ube44\ub97c \ub04c\uc5b4\uc62c\ub9b4 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

\uc0dd\uc0b0\uc5c5\uccb4\uc758 \uc6d0\uc720\u00b7\ucc9c\uc5f0\uac00\uc2a4 \uc758\uc874\ub3c4\ub294 2022\ub144 \uc218\uc900\uacfc \ube44\uc2b7\ud55c \uac83\uc73c\ub85c \ud3c9\uac00\ub41c\ub2e4. \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uba74 \uc81c\uc870\uc5c5\uccb4\ub294 \ub298\uc5b4\ub09c \ube44\uc6a9\uc744 \uac74\uc124\uc0ac\uc5d0 \uc804\uac00\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.<\/p>\n

Energy Price Pass Through Risks<\/h3>\n

\uc774 \uac19\uc740 \ube44\uc6a9 \uc804\uac00(\uae30\uc5c5\uc774 \ub298\uc5b4\ub09c \ube44\uc6a9\uc744 \uc81c\ud488 \uac00\uaca9\uc5d0 \ubc18\uc601\ud558\ub294 \uac83)\ub294 \uac74\uc124\uc5c5\uccb4\uc758 \uc218\uc775\uc131(\uc774\uc775\ub960)\uc744 \ub0ae\ucd9c \uc218 \uc788\ub2e4. \uc804\uccb4 \uacf5\uc0ac\ube44\ub97c \uc62c\ub824 \uac74\uc124 \uacbd\uae30\ub97c \uc704\ucd95\uc2dc\ud0ac \uc218\ub3c4 \uc788\ub2e4.<\/p>\n

2010~2020\ub144 \uc0ac\uc774 \uc5c5\uacc4\ub294 \ub09c\ubc29\uc6a9 \uc11d\uc720 \uc0ac\uc6a9\uc744 \ud06c\uac8c \uc904\uc600\ub2e4. \ub2e4\ub9cc \ucd5c\uadfc 5\ub144 \ub3d9\uc548 \uc11d\uc720 \uc0ac\uc6a9\uc740 \ub354 \uc774\uc0c1 \uc904\uc9c0 \uc54a\uc558\ub2e4.<\/p>\n

2020~2025\ub144\uc5d0\ub294 \uae30\uc5c5\ub4e4\uc774 \uc8fc\ub85c \uc11d\ud0c4 \uc0ac\uc6a9\uc744 \uc904\uc600\ub2e4. \ucc9c\uc5f0\uac00\uc2a4 \uc0ac\uc6a9\ub7c9\uc740 \uc9c0\ub09c 15\ub144 \ub3d9\uc548 \uac70\uc758 \ubcc0\ud558\uc9c0 \uc54a\uc558\ub2e4.<\/p>\n

\uac74\ucd95 \uc778\ud5c8\uac00(\uac74\ubb3c\uc744 \uc9c0\uc744 \uc218 \uc788\ub3c4\ub85d \uc815\ubd80\uac00 \ud5c8\uac00\ud558\ub294 \uc808\ucc28)\ub294 \ucd5c\uadfc \uc99d\uac00\ud588\ub2e4. \ub2e4\ub9cc \ud68c\ubcf5\uc774 \uc9c0\uc18d\ub418\ub824\uba74 \uc5d0\ub108\uc9c0 \uc2dc\uc7a5 \uc548\uc815\uacfc \uc800\uc5d0\ub108\uc9c0 \uc0dd\uc0b0 \ubc29\uc2dd(\uc5d0\ub108\uc9c0 \uc0ac\uc6a9\ub7c9\uc744 \uc904\uc778 \uc81c\uc870 \uacf5\uc815)\uc774 \ud544\uc694\ud558\ub2e4\ub294 \ubd84\uc11d\uc774\ub2e4.<\/p>\n

Market Positioning And Hedging<\/h3>\n

\ucd5c\uadfc \uc911\ub3d9 \uae34\uc7a5\uc774 \uace0\uc870\ub418\uba70 \ube0c\ub80c\ud2b8\uc720\uac00 \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\uc5d0 \uac00\uae4c\uc6cc\uc9c0\uc790, \uc5d0\ub108\uc9c0 \ube44\uc6a9\uc5d0 \ubbfc\uac10\ud55c \uc5c5\uc885\uc774 \uc9c1\uc811\uc801\uc778 \ud0c0\uaca9\uc744 \ubc1b\uace0 \uc788\ub2e4. \uc774\ub294 2022\ub144\uacfc \uc720\uc0ac\ud55c \ud750\ub984\uc73c\ub85c, \ub2f9\uc2dc\uc5d0\ub3c4 \ub192\uc740 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ube60\ub974\uac8c \uc81c\ud488 \uac00\uaca9\uc5d0 \ubc18\uc601\ub410\ub2e4. \ucc9c\uc5f0\uac00\uc2a4\uc640 \uc11d\uc720 \ube44\uc911\uc774 \ud070 \uc720\ub7fd \uac74\uc124\uc790\uc7ac \uc5c5\uc885\uc740 \uc774\ubc88 \uac00\uaca9 \ucda9\uaca9\uc5d0 \ud2b9\ud788 \ucde8\uc57d\ud558\ub2e4.<\/p>\n

\uacfc\uac70\ub97c \ubcf4\uba74, 2020~2025\ub144 \ub3d9\uc548 \uac74\uc124\uc790\uc7ac \uae30\uc5c5\ub4e4\uc740 \uc11d\uc720\u00b7\uac00\uc2a4 \uc758\uc874\ub3c4\ub97c \ud06c\uac8c \ub0ae\ucd94\uc9c0 \ubabb\ud588\ub2e4. \uc11d\ud0c4\uc740 \ub2e8\uacc4\uc801\uc73c\ub85c \uc904\uc600\uc9c0\ub9cc, \uac00\uc2a4 \uc758\uc874\uc740 15\ub144 \ub118\uac8c \uc720\uc9c0\ub3fc \ucde8\uc57d\uc131\uc774 \ub0a8\uc544 \uc788\ub2e4. STOXX Europe 600 Construction & Materials \uc9c0\uc218\uc758 \ucd5c\uadfc \uc2e4\uc801\ub3c4 \uc774\ub97c \ubcf4\uc5ec\uc900\ub2e4. \uc774 \uc9c0\uc218\ub294 \uc9c0\ub09c \ubd84\uae30 \uc804\uccb4 \uc2dc\uc7a5 \ub300\ube44 \uc57d 5% \ubd80\uc9c4\ud588\ub294\ub370, \uc2dc\uc7a5\uc774 \uc774\ub7f0 \uc704\ud5d8\uc744 \uac00\uaca9\uc5d0 \ubc18\uc601\ud558\uace0 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4.<\/p>\n

\uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548\uc740 \ub9c8\uc9c4(\ub9e4\ucd9c\uc5d0\uc11c \ube44\uc6a9\uc744 \ube80 \ub0a8\ub294 \ud3ed)\uc774 \uc555\ubc15\ubc1b\ub294 \ub9cc\ud07c \uc5c5\uc885\uc758 \ucd94\uac00 \ud558\ub77d \uac00\ub2a5\uc131\uc744 \uc5fc\ub450\uc5d0 \ub458 \ud544\uc694\uac00 \uc788\ub2e4. \ud558\uc774\ub378\ubca0\ub974\ud06c \uba38\ud2f0\ub9ac\uc5bc\uc988(\uad6c HeidelbergCement)\ub098 \uc0dd\uace0\ubc45 \uac19\uc740 \uc8fc\uc694 \uae30\uc5c5\uc5d0 \ud48b\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac, \uc8fc\uac00 \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uc218\ub2e8)\uc744 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5\uc774 \uc2e4\uc801 \ub454\ud654\uc5d0 \ub530\ub77c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc9c1\uc811\uc801\uc778 \ubc29\ubc95\uc774 \ub420 \uc218 \uc788\ub2e4. \uc774\ub294 \uc720\ub85c\uc2a4\ud0c0\ud2b8\uac00 2026\ub144 2\uc6d4 \ubc1c\ud45c\ud55c \ucd5c\uc2e0 \uc790\ub8cc\uc5d0\uc11c \uac74\uc124\uc790\uc7ac \uc0dd\uc0b0\uc790\ubb3c\uac00(\uacf5\uc7a5 \ucd9c\uace0 \ub2e8\uacc4\uc758 \uac00\uaca9)\uac00 1.2% \uc0c1\uc2b9\ud574 \ube44\uc6a9 \uc778\ud50c\ub808\uc774\uc158(\ube44\uc6a9 \uc0c1\uc2b9)\uc774 \uc774\ubbf8 \uc9c4\ud589 \uc911\uc784\uc744 \uc2dc\uc0ac\ud55c \uc810\uacfc\ub3c4 \ub9de\ub2ff\uc544 \uc788\ub2e4.<\/p>\n

\ub3d9\uc2dc\uc5d0 \uc5d0\ub108\uc9c0 \uc5c5\uc885\uc744 \ub9e4\uc218\ud558\ub294 \ud398\uc5b4 \ud2b8\ub808\uc774\ub4dc(\uc11c\ub85c \ubc18\ub300 \uc131\uaca9\uc758 \uc790\uc0b0\uc744 \ub3d9\uc2dc\uc5d0 \uc0ac\uace0\ud30c\ub294 \uc804\ub7b5)\ub3c4 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \ub192\uc740 \uc720\uac00\u00b7\uac00\uc2a4 \uac00\uaca9\uc774 \uc81c\uc870\uc5c5\uccb4\ub97c \uc555\ubc15\ud558\ub294 \ubc18\uba74, \uc5d0\ub108\uc9c0 \uc0dd\uc0b0\uc5c5\uccb4\uc758 \ub9e4\ucd9c\uc5d0\ub294 \ud638\uc7ac\uac00 \ub420 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uc720\ub7fd \uc8fc\uc694 \uc5d0\ub108\uc9c0 \uae30\uc5c5\uc758 \ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac, \uc8fc\uac00 \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uc218\ub2e8)\uc774\ub098 \uc720\ub7fd \ucc9c\uc5f0\uac00\uc2a4 \uc120\ubb3c(\ubbf8\ub798 \ud2b9\uc815 \uc2dc\uc810\uc758 \uac00\uaca9\uc73c\ub85c \uac70\ub798\ud558\ub294 \uacc4\uc57d)\uc744 \ud65c\uc6a9\ud574 \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uace0\uacf5\ud589\uc9c4\uc5d0 \ub300\ube44(\ud5e4\uc9c0)\ud558\uac70\ub098 \uc218\uc775\uc744 \ucd94\uad6c\ud560 \uc218 \uc788\ub2e4.<\/p>\n

2025\ub144 \ub9d0 \ub098\ud0c0\ub0ac\ub358 \uac74\ucd95 \uc778\ud5c8\uac00 \uc99d\uac00 \ud750\ub984\uc740 \uc57d\ud574 \ubcf4\uc778\ub2e4. \ub3c5\uc77c\uacfc \ud504\ub791\uc2a4\uc5d0\uc11c \uc2e0\uaddc \uc778\ud5c8\uac00\uac00 \uba48\ucdc4\ub2e4\ub294 \ucd5c\uc2e0 \ubcf4\uace0\uac00 \ub098\uc624\uba74\uc11c, \uc55e\uc73c\ub85c\uc758 \uacf5\uc0ac\ube44 \uc0c1\uc2b9\uc774 \uc774\ubbf8 \uc218\uc694\ub97c \ub204\ub974\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc5c5\uc885 \uc804\ubc18\uc758 \ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c0\uba74 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300\uce58)\uc774 \uc0c1\uc2b9\ud560 \uc218 \uc788\uc5b4, \uc2a4\ud2b8\ub798\ub4e4(\ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud574 \uac00\uaca9 \ubcc0\ub3d9 \ud655\ub300\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5)\ucc98\ub7fc \uac00\uaca9 \ubcc0\ub3d9\uc73c\ub85c \uc774\uc775\uc744 \ub178\ub9ac\ub294 \uc635\uc158 \uc804\ub7b5\uc774 \uc720\ub9ac\ud574\uc9c8 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\uc911\ub3d9 \uae34\uc7a5\uc5d0 \uc720\uac00\u00b7\uac00\uc2a4 \uae09\ub4f1\u2026\uc720\ub7fd \uac74\uc124\uc790\uc7ac\ub294 \ube44\uc6a9 \uc804\uac00\ub85c \ub9c8\uc9c4 \uc555\ubc15\u00b7\uacf5\uc0ac\ube44 \uc0c1\uc2b9 \uacbd\uace0. \uac00\uc2a4 \uc758\uc874 \uc9c0\uc18d\ud574 2022\ub144 \uc545\ubabd \uc7ac\ud604 \uc6b0\ub824, \uc5c5\uc885 \uc57d\uc138\u00b7\uc635\uc158 \ud5e4\uc9c0 \ubd80\uc0c1.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-44171","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=44171"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44171\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}