{"id":45520,"date":"2026-04-25T05:25:08","date_gmt":"2026-04-25T05:25:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/dbs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ec%83%88%eb%ae%a4%ec%96%bc-%ec%b2%b4-%ec%9c%84%ec%95%88%ed%99%94-%ea%b8%88%eb%a6%ac%ea%b3%a1%ec%84%a0-%ec%8a%a4%ed%8b%b0%ed%94%84\/"},"modified":"2026-04-25T05:25:08","modified_gmt":"2026-04-25T05:25:08","slug":"dbs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ec%83%88%eb%ae%a4%ec%96%bc-%ec%b2%b4-%ec%9c%84%ec%95%88%ed%99%94-%ea%b8%88%eb%a6%ac%ea%b3%a1%ec%84%a0-%ec%8a%a4%ed%8b%b0%ed%94%84","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/dbs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ec%83%88%eb%ae%a4%ec%96%bc-%ec%b2%b4-%ec%9c%84%ec%95%88%ed%99%94-%ea%b8%88%eb%a6%ac%ea%b3%a1%ec%84%a0-%ec%8a%a4%ed%8b%b0%ed%94%84\/","title":{"rendered":"DBS \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8 \uc0c8\ubba4\uc5bc \uccb4 \u201c\uc704\uc548\ud654 \uae08\ub9ac\uace1\uc120 \uc2a4\ud2f0\ud504\ub2dd, \ubbf8\u00b7\uc774\ub780 \ud734\uc804\uacfc \uc911\uad6d 1\ubd84\uae30 \uacac\uc870\ud55c \uc131\uc7a5 \uc601\ud5a5\u201d"},"content":{"rendered":"

\uc9c0\ub09c\uc8fc \uc911\uad6d \uc704\uc548\ud654(CNY) \uae08\ub9ac \uace1\uc120(\ub2e8\uae30\uc640 \uc7a5\uae30 \uae08\ub9ac\uc758 \uad00\uacc4\ub97c \ub098\ud0c0\ub0b8 \uc120)\uc774 \ub354 \uac00\ud314\ub77c\uc84c\ub2e4. \uc774\ub294 \ubbf8\uad6d\uacfc \uc774\ub780 \uac04 \ud734\uc804, \uadf8\ub9ac\uace0 \uc5f0\ucd08 \uac70\uc2dc\uc9c0\ud45c(\uacbd\uc81c \uc804\ubc18\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c) \uac1c\uc120\uacfc \ub9de\ubb3c\ub9b0 \uacb0\uacfc\ub2e4. \uc911\uad6d \uacbd\uc81c\ub294 1\ubd84\uae30(Q1) \uc804\ub144 \ub300\ube44 5% \uc131\uc7a5\ud588\uc73c\uba70, \ub300\uc678 \uc218\uc694(\uc218\ucd9c \ub4f1 \ud574\uc678\uc5d0\uc11c \uc624\ub294 \uc218\uc694)\uc640 \uc0b0\uc5c5 \uc0dd\uc0b0 \ud68c\ubcf5\uc774 \uc131\uc7a5\uc744 \ub4b7\ubc1b\uce68\ud588\ub2e4.<\/p>\n

\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218(PMI\u00b7\uae30\uc5c5 \uad6c\ub9e4 \ub2f4\ub2f9\uc790 \uc124\ubb38\uc73c\ub85c \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \uac00\ub2a0\ud558\ub294 \uc9c0\ud45c)\ub294 4\uc6d4 50.3\uc774 \uc608\uc0c1\ub418\uba70, \ub2e8\uae30 \uc9c0\ud45c(\uc8fc\uac04\u00b7\uc77c\uac04\ucc98\ub7fc \ube60\ub974\uac8c \ud655\uc778 \uac00\ub2a5\ud55c \uc9c0\ud45c)\ub3c4 \uac1c\uc120 \ud750\ub984\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4. \uc2dc\uba58\ud2b8 \ud074\ub9c1\ucee4(\uc2dc\uba58\ud2b8 \uc6d0\ub8cc \uc911\uac04\uc7ac)\uc640 \uc804\uae30\ub85c(\uc804\uae30\ub97c \uc774\uc6a9\ud574 \ucca0\uc744 \ub179\uc774\ub294 \uc81c\uac15 \uc124\ube44) \uac00\ub3d9\ub960\uc740 \uac01\uac01 2.4%\ud3ec\uc778\ud2b8(ppt)\uc640 1.0%\ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud588\uace0, \uc8fc\uc694 \uc81c\ucca0\uc18c\uc758 \uac00\ub3d9\ub960\ub3c4 \ub192\uc544\uc84c\ub2e4.<\/p>\n

\uc5d0\ub108\uc9c0 \ucda9\uaca9, \uc77c\ubd80 \uc5c5\uc885\uc5d0 \uc9d1\uc911<\/h3>\n

\uc720\uac00 \ucda9\uaca9 \uc601\ud5a5\uc740 \ud604\uc7ac\uae4c\uc9c0 \uc5d0\ub108\uc9c0 \uad00\ub828 \uc5c5\uc885\uc5d0 \uc8fc\ub85c \uad6d\ud55c\ub3fc \uc788\ub2e4. \uc11d\uc720 \uc544\uc2a4\ud314\ud2b8 \uacf5\uc7a5 \uac00\ub3d9\ub960\uc740 \ud558\ub77d\ud588\uace0, PTA(\uc815\uc81c \ud14c\ub808\ud504\ud0c8\uc0b0\u00b7\ud3f4\ub9ac\uc5d0\uc2a4\ud130 \uc6d0\ub8cc) \uac00\ub3d9\ub960\uc740 3\uc6d4 89.4%\uc5d0\uc11c 4\uc6d4 \uc6d4\uc911 \uae30\uc900 75.7%\ub85c \ub5a8\uc5b4\uc84c\ub2e4.<\/p>\n

\uc5ed\ub0b4(\uc628\uc1fc\uc5b4\u00b7\uc911\uad6d \ubcf8\ud1a0 \uc2dc\uc7a5) \ucc44\uad8c \uc218\uc694\ub294 \uacac\uc870\ud588\ub2e4. \ubd81\ud5a5(\ubcf8\ud1a0\ub85c \ub4e4\uc5b4\uc624\ub294) \ubcf8\ub4dc\ucee4\ub125\ud2b8(Bond Connect\u00b7\ud64d\ucf69\uc744 \ud1b5\ud574 \ud574\uc678 \ud22c\uc790\uc790\uac00 \uc911\uad6d \ucc44\uad8c\uc744 \uac70\ub798\ud558\ub294 \uc81c\ub3c4) \uac70\ub798\ub300\uae08\uc740 3\uc6d4 1\uc8702200\uc5b5 \uc704\uc548\uc73c\ub85c \uc0ac\uc0c1 \ucd5c\uace0\ub97c \uae30\ub85d\ud588\uace0, \uc77c\ud3c9\uade0 \uac70\ub798\ub7c9\ub3c4 556\uc5b5 \uc704\uc548\uc73c\ub85c \ub192\uc740 \uc218\uc900\uc744 \ubcf4\uc600\ub2e4.<\/p>\n

\uc5ed\uc678(\uc624\ud504\uc1fc\uc5b4\u00b7\uc911\uad6d \ubc16) \uc790\uae08 \uc720\uc785\ub3c4 \uc774\uc5b4\uc84c\ub2e4. EPFR(\uae00\ub85c\ubc8c \ud380\ub4dc \uc790\uae08 \ud750\ub984\uc744 \uc9d1\uacc4\ud558\ub294 \ub370\uc774\ud130) \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 4\uc6d4 \uccab\uc9f8 \uc8fc \uc911\uad6d \ucc44\uad8c\ud615 \ud380\ub4dc\ub85c 16\uc5b5\ub2ec\ub7ec\uac00 \uc720\uc785\ub410\ub2e4.<\/p>\n

\uc804\ubc18\uc801\uc778 \uc131\uc7a5 \ubaa8\uba58\ud140(\uc131\uc7a5\uc138\uc758 \ud798)\uc740 \u2018\uc548\uc815\uc801\uc774\ub098 \ubd88\uade0\ub4f1\u2019\ud55c \uac83\uc73c\ub85c \ud3c9\uac00\ub418\uba70, \uc774\ub294 \uc810\uc9c4\uc801 \uc815\ucc45 \uc6b4\uc6a9\uc744 \uc9c0\uc9c0\ud55c\ub2e4. \uc778\ubbfc\uc740\ud589(PBoC)\uc740 \uc720\ub3d9\uc131 \uacf5\uae09(\uc2dc\uc911 \uc790\uae08\uc774 \ubd80\uc871\ud558\uc9c0 \uc54a\uac8c \uacf5\uae09\ud558\ub294 \uc870\uce58) \uc911\uc2ec\uc73c\ub85c \uc644\ud654\uc801 \uc131\ud5a5\uc744 \uc720\uc9c0\ud558\ub418, \ud070 \ud3ed\uc758 \uae08\ub9ac \uc778\ud558\ub294 \uc5c6\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

\uc815\ucc45 \uae30\uc870\uc640 \uc2dc\uc7a5 \ud3ec\uc9c0\uc154\ub2dd<\/h3>\n

\uacfc\uac70\ub97c \ubcf4\uba74 2025\ub144 \uc774\ub9d8\ub54c 1\ubd84\uae30 5% \uc131\uc7a5\uc5d0 \ud798\uc785\uc5b4 \uc704\uc548\ud654 \uae08\ub9ac \uace1\uc120\uc774 \uac00\ud314\ub77c\uc9c4 \ubc14 \uc788\ub2e4. \ub2f9\uc2dc\uc5d0\ub294 \uc0b0\uc5c5 \ud65c\ub3d9\uc774 \uacac\uc870\ud588\uace0, \uc9c0\uc815\ud559\uc801 \uae34\uc7a5 \uc644\ud654\ub85c \uc778\uc2dd\ub418\uba70 \uacbd\uae30 \uccb4\ub825\uc5d0 \ub300\ud55c \uc2e0\ud638\uac00 \ub69c\ub837\ud588\ub2e4.<\/p>\n

\ud604\uc7ac\ub294 \uc0c1\ud669\uc774 \ub354 \ubcf5\ud569\uc801\uc774\ub2e4. 2026\ub144 1\ubd84\uae30 \uc131\uc7a5\ub960\uc740 4.8%\ub85c \uacf5\uc2dd \ubaa9\ud45c\uce58\ub97c \uc18c\ud3ed \ud558\ud68c\ud588\ub2e4. \ub2e4\ub9cc 4\uc6d4 \uacf5\uc2dd \uc81c\uc870\uc5c5 PMI\ub294 \ud655\uc7a5 \uad6d\uba74\uc744 \uc758\ubbf8\ud558\ub294 50.4\ub97c \uc720\uc9c0\ud558\uace0 \uc788\uc5b4(50 \uc774\uc0c1\uc774\uba74 \ud655\uc7a5\uc73c\ub85c \ud574\uc11d), \uc0b0\uc5c5 \uc911\uc2ec\ubd80\ub294 \uc548\uc815\uc801\uc784\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc9c0\ub09c\ud574 \uace0\uc810 \ub300\ube44 \uc131\uc7a5 \uc18d\ub3c4\ub294 \ub454\ud654\ud588\uc9c0\ub9cc, \uacbd\uae30\uc758 \ubc84\ud300\ubaa9\uc740 \uc5ec\uc804\ud788 \ub0a8\uc544 \uc788\ub2e4\ub294 \ub73b\uc774\ub2e4.<\/p>\n

\uc778\ubbfc\uc740\ud589\uc740 2025\ub144\uacfc \ub9c8\ucc2c\uac00\uc9c0\ub85c \u2018\uc2e0\uc911\ud55c \uc815\ucc45 \uae30\uc870\u2019 \uae30\ub300\ub97c \uac15\ud654\ud558\uace0 \uc788\ub2e4. \uc774\ub2ec \ud575\uc2ec \ub300\ucd9c\uae08\ub9ac(\ub300\ud45c \uc815\ucc45\uae08\ub9ac \uc131\uaca9\uc758 \ub300\ucd9c \uae30\uc900\uae08\ub9ac)\ub97c \ub3d9\uacb0\ud558\ub294 \ud55c\ud3b8, \uacf5\uac1c\uc2dc\uc7a5\uc870\uc791(\ucc44\uad8c \ub9e4\ub9e4 \ub4f1\uc73c\ub85c \uc2dc\uc911 \uc720\ub3d9\uc131\uc744 \uc870\uc808\ud558\ub294 \uc870\uce58)\uc744 \ud1b5\ud574 \uc720\ub3d9\uc131\uc744 \ucda9\ubd84\ud788 \uacf5\uae09\ud588\ub2e4. \uc774\ub294 \uae08\ub9ac \uace1\uc120\uc758 \uc55e\ub2e8(\ub2e8\uae30 \uae08\ub9ac \uad6c\uac04)\uc744 \uc548\uc815\uc2dc\ud0a4\uace0, \uc790\uae08 \uacbd\uc0c9(\ub2e8\uae30 \uc790\uae08\uc774 \uae09\uaca9\ud788 \ubd80\uc871\ud574 \uae08\ub9ac\uac00 \ub6f0\ub294 \uc0c1\ud669) \uac00\ub2a5\uc131\uc744 \ub0ae\ucd98\ub2e4.<\/p>\n

\uc628\uc1fc\uc5b4 \ucc44\uad8c \uc218\uc694\ub294 \uacac\uc870\ud558\uc9c0\ub9cc, 2025\ub144 3\uc6d4\ucc98\ub7fc \uae30\ub85d\uc801\uc778 \uc5ed\uc678 \uc790\uae08 \uc720\uc785\uc740 \ub098\ud0c0\ub098\uc9c0 \uc54a\uace0 \uc788\ub2e4. 2026\ub144 1\ubd84\uae30 \ub370\uc774\ud130\uc5d0 \ub530\ub974\uba74 \uc678\uad6d\uc778 \uc790\uae08 \uc720\uc785\uc740 \ub354 \uc644\ub9cc\ud588\uc73c\uba70, 3\uc6d4 \ub9d0 \uae30\uc900 \ud574\uc678 \ud22c\uc790\uc790\uc758 \uc628\uc1fc\uc5b4 \ucc44\uad8c \ubcf4\uc720\uc561\uc740 3\uc8709000\uc5b5 \uc704\uc548\uc774\ub2e4. \uc774\ub294 \uae00\ub85c\ubc8c \ud22c\uc790\uc790\ub4e4\uc774 \ub354 \uc120\ubcc4\uc801\uc73c\ub85c \uc811\uadfc\ud558\uace0 \uc788\uc74c\uc744 \uc758\ubbf8\ud558\uba70, \uc7a5\uae30 \uae08\ub9ac(\uc7a5\uae30 \uad6d\ucc44 \uc218\uc775\ub960) \ud558\ub77d \uc555\ub825\uc744 \uc81c\ud55c\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\uc911\uc559\uc740\ud589\uc774 \uc548\uc815\uc131\uc744 \uc6b0\uc120\ud558\ub294 \ub9cc\ud07c, \uc704\uc548\ud654\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc608\uc0c1 \ubcc0\ub3d9\uc131)\uc740 3\uac1c\uc6d4 \uc635\uc158 \uae30\uc900 \ud604\uc7ac \ub0ae\uc740 \uc218\uc900\uc778 3.8% \uadfc\ucc98\uc5d0\uc11c \ub20c\ub824 \uc788\uc744 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \uc774 \ud658\uacbd\uc5d0\uc11c\ub294 \ub2e8\uae30 USD\/CNY \uc2a4\ud2b8\ub798\ub4e4\u00b7\uc2a4\ud2b8\ub7ad\uae00(\uac19\uc740 \ub9cc\uae30\uc758 \ucf5c\u00b7\ud48b \uc635\uc158\uc744 \uc870\ud569\ud574 \ubcc0\ub3d9\uc131\uc5d0 \ubca0\ud305\ud558\ub294 \uc804\ub7b5) \ub9e4\ub3c4(\ud504\ub9ac\ubbf8\uc5c4 \uc218\ucde8 \ubaa9\uc801) \uc804\ub7b5\uc774 \ub9e4\ub825\uc801\uc77c \uc218 \uc788\ub2e4. \ud1b5\ud654\uac00 \uad00\ub9ac\ub418\ub294 \uc131\uaca9\uc774 \uac15\ud574(\ub2f9\uad6d\uc774 \uae09\uaca9\ud55c \uc6c0\uc9c1\uc784\uc744 \uc5b5\uc81c), \uc608\uc0c1 \ubc16\uc758 \ud070 \ubcc0\ub3d9 \uc704\ud5d8\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \uc81c\ud55c\ub41c\ub2e4\ub294 \ub17c\ub9ac\ub2e4.<\/p>\n

\uacac\uc870\ud55c \uc778\ubbfc\uc740\ud589\uacfc \uc644\ub9cc\ud574\uc9c0\ub294 \uc7a5\uae30 \uc131\uc7a5\uc758 \uc870\ud569\uc740 \u2018\uc644\ub9cc\ud55c \uace1\uc120 \uc2a4\ud2f0\ud504\ub2dd(\uc7a5\uae30 \uae08\ub9ac\uac00 \ub2e8\uae30 \uae08\ub9ac\ubcf4\ub2e4 \ub354 \uc624\ub974\uba70 \uace1\uc120\uc774 \uac00\ud314\ub77c\uc9c0\ub294 \ud604\uc0c1)\u2019\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 \uc7a5\uae30 \ub9cc\uae30 CNY \uae08\ub9ac\uc2a4\uc651(\uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488)\uc5d0\uc11c \ud398\uc774\uc5b4(\uace0\uc815\uae08\ub9ac \uc9c0\uae09, \ubcc0\ub3d9\uae08\ub9ac \uc218\ucde8) \ud3ec\uc9c0\uc158\uc744 \ucde8\ud558\uace0, \ub2e8\uae30 \ub9cc\uae30\uc5d0\uc11c\ub294 \ub9ac\uc2dc\ubc84(\uace0\uc815\uae08\ub9ac \uc218\ucde8) \ud3ec\uc9c0\uc158\uc744 \ucde8\ud558\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc774 \ud3ec\uc9c0\uc158\uc740 \uc7a5\uae30 \uae08\ub9ac\uac00 \ub2e8\uae30 \uae08\ub9ac \ub300\ube44 \uc0c1\ub300\uc801\uc73c\ub85c \uc624\ub97c \ub54c(\ubd88\uade0\ub4f1\ud55c \uacbd\uae30 \ud750\ub984\uc774 \ubc18\uc601\ub420 \ub54c) \uc720\ub9ac\ud558\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\uc704\uc548\ud654 \uae08\ub9ac\uace1\uc120 \ub354 \uac00\ud314\ub77c\uc9c4\ub2e4?\u201d \uc911\uad6d \uc131\uc7a5\u00b7\uc9c0\ud45c \uac1c\uc120\uc5d0\ub3c4 \uc5c5\uc885\ubcc4 \uc628\ub3c4\ucc28 \ub69c\ub837. PBoC\ub294 \uc720\ub3d9\uc131 \uacf5\uae09 \uc911\uc2ec \u2018\uc2e0\uc911 \uc644\ud654\u2019\ub85c \ub2e8\uae30 \uc548\uc815, \uc7a5\uae30 \uc0c1\uc2b9\uc555\ub825 \uc81c\ud55c\uc801 \uc2a4\ud2f0\ud504\ub2dd \uc804\ub9dd.<\/p>\n","protected":false},"author":87,"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-45520","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\/45520","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"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=45520"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}