{"id":6720,"date":"2019-01-14T17:17:40","date_gmt":"2019-01-14T08:17:40","guid":{"rendered":"http:\/\/www.bnwinv.com\/?p=6720"},"modified":"2019-01-14T17:17:40","modified_gmt":"2019-01-14T08:17:40","slug":"%ec%a3%bc%eb%aa%a9%eb%b0%9b%eb%8a%94-%eb%a3%a8%ed%82%a4pef-4-bnw%ec%9d%b8%eb%b2%a0%ec%8a%a4%ed%8a%b8%eb%a8%bc%ed%8a%b8","status":"publish","type":"post","link":"http:\/\/www.bnwinv.com\/?p=6720","title":{"rendered":"\uc8fc\ubaa9\ubc1b\ub294 \ub8e8\ud0a4PEF (4) BNW\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8"},"content":{"rendered":"<p>BNW\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\ub294 \uc0bc\uc131\uc804\uc790\uc5d0\uc11c \ubc18\ub3c4\uccb4\ucd1d\uad04 \uba54\ubaa8\ub9ac\uc81c\uc870\ub2f4\ub2f9 \uc0ac\uc7a5\uc744 \uc9c0\ub0b8 \uae40\uc7ac\uc6b1 \ub300\ud45c(\uc0ac\uc9c4)\uac00 2013\ub144 \uc138\uc6b4 \uc0ac\ubaa8\ud380\ub4dc(PEF) \uc6b4\uc6a9\uc0ac\ub2e4. \uae30\ud765\uacf5\uc7a5\uc7a5 \ucd9c\uc2e0\uc778 \uae40 \uc0ac\uc7a5\uc740 \ubc18\ub3c4\uccb4 \uc81c\uc870 \uacbd\ub825\ub9cc 40\ub144\uc5d0 \ub2ec\ud558\ub294 \ubc18\ub3c4\uccb4 \ubc0f \uc81c\uc870 \ubca0\ud14c\ub791\uc774\ub2e4.<br class=\"paragraph\" data-index=\"0\" \/><br \/>PEF\uac00 \ubb54\uc9c0\ub3c4 \ubaa8\ub974\ub358 \uae40 \ub300\ud45c\uac00 PEF \uc6b4\uc6a9\uc0ac\ub97c \ucc28\ub9b0 \uacc4\uae30\ub294 \uc911\uc18c\uae30\uc5c5 \uc0ac\uc7a5\ub4e4\uacfc\uc758 \uad50\ub958 \ub54c\ubb38\uc774\uc5c8\ub2e4. \uc0ac\uc7a5\uc744 \uadf8\ub9cc\ub450\uace0 3\ub144\uac04 \uc0bc\uc131\uc804\uc790 \uc0c1\ub2f4\uc5ed\uc73c\ub85c \uc9c0\ub0b8 \uc2dc\uc808 \uae40 \ub300\ud45c\ub294 \ub9ce\uc740 \uc911\uc18c\uae30\uc5c5 \uc0ac\uc7a5\uc744 \ub9cc\ub0ac\ub2e4. \uadf8\ub4e4\uc758 \uace0\ubbfc\uc740 \ud55c\uacb0\uac19\uc558\ub2e4. \ud68c\uc0ac\ub97c \ud55c \ub2e8\uacc4 \ub354 \ub3c4\uc57d\uc2dc\ud0ac \uc131\uc7a5\uc758 \uc2e4\ub9c8\ub9ac\ub97c \ucc3e\uc9c0 \ubabb\ud558\ub294 \uac83. \ud2b8\ub80c\ub4dc\ub97c \uc77d\uace0 \uc120\ud0dd\ud560 \uac83\uacfc \uc9d1\uc911\ud560 \uac83\uc744 \uac00\ub824\ub0b4\ub294 \ub370 \uc778\uc0dd\uc744 \ubc14\uce5c \uae40 \uc0ac\uc7a5\uc774 \uc790\uc2e0 \uc788\ub294 \ubd84\uc57c\uc600\ub2e4. PEF\uac00 \uae40 \uc0ac\uc7a5\uc774 \ud3c9\uc0dd \uc775\ud78c \ub178\ud558\uc6b0\ub97c \uc911\uc18c\uae30\uc5c5 \uc131\uc7a5\uc5d0 \uc3df\uc544\ubd80\uc744 \uc218 \uc788\ub294 \uc218\ub2e8\uc774\ub77c\uace0 \uc18c\uac1c\ud55c \uac74 \ud22c\uc790\uc5c5\uacc4 \uc9c0\uc778\ub4e4\uc774\uc5c8\ub2e4.<\/p><p>\uc77c\ubd84\uc77c\ucd08\uac00 \uc544\uae5d\ub2e4\uace0 \uc0dd\uac01\ud55c \uae40 \ub300\ud45c\ub294 \uc0c1\ub2f4\uc5ed \uc790\ub9ac\ub97c 1\ub144 \uba3c\uc800 \ubc18\ub0a9\ud588\ub2e4. \uadf8\ub9ac\uace0 36\ub144 \ub3d9\uc548 2\ucc28\uc804\uc9c0 \ubd84\uc57c\uc5d0\uc11c \uc794\ubf08\uac00 \uad75\uc740 \uc7a5\ub3d9\uc2dd \uc804 \uc0bc\uc131SDI \uc5f0\uad6c\uc18c\uc7a5(\ud604 BNW\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8 \ubd80\uc0ac\uc7a5)\uacfc \ud568\uaed8 BNW\ub97c \uc124\ub9bd\ud588\ub2e4. \ud604\uc7a5 \uc804\ubb38\uac00\ub4e4\uc758 PEF \uc124\ub9bd\uc740 \ud22c\uc790\uc5c5\uacc4\uc758 \ud070 \uad00\uc2ec\uc744 \ubc1b\uc558\ub2e4. \uc99d\uad8c\uc0ac, \ucee8\uc124\ud305\ud68c\uc0ac, \ud68c\uacc4\ubc95\uc778\uc5d0\uc11c \uc778\uc7ac\ub4e4\uc774 \uc18d\uc18d \ud569\ub958\ud588\ub2e4.<\/p><div class=\"wrap_img\"><div class=\"articleimage\"><img decoding=\"async\" src=\"http:\/\/img.hankyung.com\/photo\/201812\/AA.18511027.1.jpg\" alt=\"\" \/><\/div><\/div><p>\uae40 \ub300\ud45c\ub294 \u2018\uc0c8\ub85c\uc6b4 \uc138\uacc4\ub97c \ud3bc\uccd0 \ub098\uac00\uc790(Brave New World)\u2019\ub77c\ub294 \ub73b\uc73c\ub85c \ud68c\uc0ac \uc774\ub984\uc744 BNW\ub85c \uc9c0\uc5c8\ub2e4. \u2018\uacfc\uac70\uac00 \uc544\ub2c8\ub77c \ubbf8\ub798\ub97c \ubcf4\uc790\u2019 \u20185\ub144 \ub0b4 \uc911\uad6d\uc73c\ub85c \uc8fc\ub3c4\uad8c\uc774 \ub118\uc5b4\uac08 \uc0ac\uc5c5\uc740 \ud558\uc9c0 \uc54a\ub294\ub2e4\u2019 \u2018\uc720\ud589\uc744 \uc887\uc9c0 \uc54a\uace0 \uc798 \uc544\ub294 \uc0b0\uc5c5\ub9cc \ud55c\ub2e4\u2019 \ub4f1\uc744 \ud22c\uc790 \uc6d0\uce59\uc73c\ub85c \uc815\ud588\ub2e4.<\/p><p>\uae40 \ub300\ud45c\ub294 \u201c\uc7ac\ubb34 \uc804\ubb38\uac00\ub4e4\uc740 \uacfc\uac70 \uc2e4\uc801\uc744 \ud1a0\ub300\ub85c \ubbf8\ub798 \uae30\uc5c5\uac00\uce58\ub97c \uac00\ub2a0\ud558\ub2e4\ubcf4\ub2c8 \uac00\uc7a5 \uc911\uc694\ud55c \uc0b0\uc5c5 \ud2b8\ub80c\ub4dc\uc640 \uac00\uce58\uc0ac\uc2ac \ubcc0\ud654\ub97c \ub193\uce58\uae30 \uc27d\ub2e4\u201d\uace0 \ub9d0\ud588\ub2e4. \uadf8\ub294 \u201cBNW\ub294 \ud558\ub8e8\uac8c \ub2e4\ub974\uac8c \ubcc0\ud558\ub294 \ud2b8\ub80c\ub4dc\uc640 \uac00\uce58\uc0ac\uc2ac \ubcc0\ud654\ub97c \uc5f0\uad6c\uc18c, \ub300\ud559, \uc911\uc18c\uae30\uc5c5 \ub4f1 \uc5ec\ub7ec \ubd84\uc57c\uc5d0 \ud3ec\uc9c4\ud55c \u2018\uc0bc\uc131 \ub124\ud2b8\uc6cc\ud06c\u2019\ub85c \ud30c\uc545\ud560 \uc218 \uc788\ub2e4\u201d\uace0 \uac15\uc870\ud588\ub2e4.<br class=\"paragraph\" data-index=\"3\" \/><br \/>BNW\ub294 2013\ub144 \ubc18\ub3c4\uccb4 \uc7a5\ube44 \uc138\uc815 \uc5c5\uccb4 \ucf54\ubbf8\ucf54\uc5d0 \ud22c\uc790\ud574 \uc9c0\ub09c\ud574 22.7%\uc758 \ub0b4\ubd80\uc218\uc775\ub960(IRR)\uc744 \uc62c\ub9ac\uace0 \ud22c\uc790\uae08\uc744 \ud68c\uc218\ud588\ub2e4. \uae30\uc5c5\uacf5\uac1c(IPO)\ub97c \uc55e\ub454 2\ucc28\uc804\uc9c0 \uc18c\uc7ac\uc5c5\uccb4 \uc5d0\ucf54\ud504\ub85c\ube44\uc5e0(2017\ub144 \ud22c\uc790)\uc740 \uc0c1\uc7a5\uc774 \uc644\ub8cc\ub418\uba74 90% \uac00\uae4c\uc6b4 IRR\uc744 \uc62c\ub9b4 \uac83\uc73c\ub85c \uae30\ub300\ud558\uace0 \uc788\ub2e4. BNW\ub294 \uc124\ub9bd 5\ub144 \ub9cc\uc5d0 \ub204\uc801 \uc6b4\uc6a9\uc790\uc0b0(AUM)\uc774 2672\uc5b5\uc6d0\uc73c\ub85c \ubd88\uc5b4\ub0ac\ub2e4.<\/p><div class=\"ad_box\"><div id=\"div-gpt-ad-1494204547300-12\" data-google-query-id=\"CIGskarq7N8CFRMkYAodOowFng\"><div id=\"google_ads_iframe_\/3448900\/News_Box_0__container__\"><span style=\"color: #757575;\">\uae40 \ub300\ud45c\ub294 \u201c\ud22c\uc790\ud560 \uc911\uc18c\uae30\uc5c5\uc774 \uc5c6\ub2e4\uace0 \ub9d0\ud558\uc9c0\ub9cc \uc0c8\ub85c \ucc3d\ucd9c\ub418\ub294 \uc2dc\uc7a5\uc5d0\uc11c \uc131\uc7a5\ud560 \ub9cc\ud55c \uc911\uc18c\uae30\uc5c5\uc740 \uc5bc\ub9c8\ub4e0\uc9c0 \uc788\ub2e4\u201d\uace0 \ub9d0\ud588\ub2e4. \ub3c5\uc77c \uae30\uc5c5\ub4e4\uacfc\uc758 \uae30\uc220\ub825\uc744 \uc881\ud788\uace0 \uc788\ub294 \ubc18\ub3c4\uccb4 \ub3c4\uae09 \ubd84\uc57c\ub97c \uc608\ub85c \ub4e4\uc5c8\ub2e4. \uadf8\ub294 \u201c\ub9e4\ucd9c 100\uc5b5\uc6d0\uc9dc\ub9ac \uc911\uc18c\uae30\uc5c5\uc774 \uae00\ub85c\ubc8c \ubc18\ub3c4\uccb4 \uc5c5\uccb4\ub97c \uace0\uac1d\uc73c\ub85c \ub9de\uc73c\uba74 \ub2e8\ubc88\uc5d0 \uc911\uacac\uadf8\ub8f9\uc73c\ub85c \ub3c4\uc57d\ud560 \uc218 \uc788\ub2e4\u201d\uba70 \u201c\uadf8\ub7f0 \ud68c\uc0ac\ub97c \ubc1c\uad74\ud574 \ub300\uae30\uc5c5\uc5d0 \uc5f0\uacb0\ud558\ub294 \uc77c\uc774 PEF\uc758 \uc5ed\ud560\u201d\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4.<\/span><\/div><\/div><\/div><p>\uc815\uc601\ud6a8 \uae30\uc790 hugh@hankyung.com<\/p><p>http:\/\/news.hankyung.com\/article\/2018121758571<\/p>","protected":false},"excerpt":{"rendered":"<p>BNW\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\ub294 \uc0bc\uc131\uc804\uc790\uc5d0\uc11c \ubc18\ub3c4\uccb4\ucd1d\uad04 \uba54\ubaa8\ub9ac\uc81c\uc870\ub2f4\ub2f9 \uc0ac\uc7a5\uc744 \uc9c0\ub0b8 \uae40\uc7ac\uc6b1 \ub300\ud45c(\uc0ac\uc9c4)\uac00 2013\ub144 \uc138\uc6b4 \uc0ac\ubaa8\ud380\ub4dc(PEF) \uc6b4\uc6a9\uc0ac\ub2e4. \uae30\ud765\uacf5\uc7a5\uc7a5 \ucd9c\uc2e0\uc778 \uae40 \uc0ac\uc7a5\uc740 \ubc18\ub3c4\uccb4 \uc81c\uc870 \uacbd\ub825\ub9cc 40\ub144\uc5d0 \ub2ec\ud558\ub294 \ubc18\ub3c4\uccb4 \ubc0f \uc81c\uc870 \ubca0\ud14c\ub791\uc774\ub2e4.PEF\uac00 \ubb54\uc9c0\ub3c4 \ubaa8\ub974\ub358 \uae40 \ub300\ud45c\uac00 PEF \uc6b4\uc6a9\uc0ac\ub97c \ucc28\ub9b0 \uacc4\uae30\ub294 \uc911\uc18c\uae30\uc5c5 \uc0ac\uc7a5\ub4e4\uacfc\uc758 \uad50\ub958 \ub54c\ubb38\uc774\uc5c8\ub2e4. \uc0ac\uc7a5\uc744 \uadf8\ub9cc\ub450\uace0 3\ub144\uac04 \uc0bc\uc131\uc804\uc790 \uc0c1\ub2f4\uc5ed\uc73c\ub85c \uc9c0\ub0b8 \uc2dc\uc808 \uae40 \ub300\ud45c\ub294 \ub9ce\uc740 \uc911\uc18c\uae30\uc5c5 \uc0ac\uc7a5\uc744 \ub9cc\ub0ac\ub2e4. \uadf8\ub4e4\uc758 \uace0\ubbfc\uc740 \ud55c\uacb0\uac19\uc558\ub2e4. \ud68c\uc0ac\ub97c \ud55c [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=\/wp\/v2\/posts\/6720"}],"collection":[{"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6720"}],"version-history":[{"count":1,"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=\/wp\/v2\/posts\/6720\/revisions"}],"predecessor-version":[{"id":6721,"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=\/wp\/v2\/posts\/6720\/revisions\/6721"}],"wp:attachment":[{"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6720"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.bnwinv.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}