{"id":589647,"date":"2025-05-12T10:53:22","date_gmt":"2025-05-12T02:53:22","guid":{"rendered":"https:\/\/law.asia\/?p=589647"},"modified":"2025-06-05T16:22:47","modified_gmt":"2025-06-05T08:22:47","slug":"short-selling-securities-lending-taiwan-fini-regulations-market","status":"publish","type":"post","link":"https:\/\/law-asia.visibleone.dev\/ko\/short-selling-securities-lending-taiwan-fini-regulations-market\/","title":{"rendered":"\ub300\ub9cc\uc5d0\uc11c\uc758 \uacf5\ub9e4\ub3c4\uc640 \uc99d\uad8c \ub300\ucc28"},"content":{"rendered":"<table style=\"margin-top: 0px; width: 100%; overflow: hidden;\">\n<tbody>\n<tr style=\"display: flex; flex-wrap: wrap;\">\n<td style=\"width: 25%; border-right: 2px solid #ffffff; text-align: center; display: flex; align-items: center; justify-content: center; flex: 1; background: #e96526; border-top: 2px solid #fff; border-radius: 10px; box-shadow: 0px 4px 6px rgba(0, 0, 0, 0.1);\" valign=\"middle\">\n<p style=\"margin: 0; padding: 10px 0;\"><a href=\"https:\/\/law.asia\/ko\/legal-developments-banking-finance-india-malaysia-taiwan\/\"><span style=\"color: #67a3a3; font-size: clamp(.9rem, 2.5vw, 1.125rem);\"><span style=\"color: #294c5f;\"><b>\uba54\uc778<\/b><\/span><\/span><\/a><\/p>\n<\/td>\n<td style=\"width: 25%; border-right: 2px solid #ffffff; text-align: center; display: flex; align-items: center; justify-content: center; flex: 1; background: #e96526; border-top: 2px solid #fff; border-radius: 10px; box-shadow: 0px 4px 6px rgba(0, 0, 0, 0.1);\" valign=\"middle\">\n<p style=\"margin: 0; padding: 10px 0;\"><a href=\"https:\/\/law.asia\/ko\/india-financial-regulatory-reforms-banking-debt\/\"><span style=\"color: #67a3a3; font-size: clamp(.9rem, 2.5vw, 1.125rem);\"><span style=\"color: #ffffff;\"><b>\uc778\ub3c4<\/b><\/span><\/span><\/a><\/p>\n<\/td>\n<td style=\"width: 25%; border-right: 2px solid #ffffff; text-align: center; display: flex; align-items: center; justify-content: center; flex: 1; background: #e96526; border-top: 2px solid #fff; border-radius: 10px; box-shadow: 0px 4px 6px rgba(0, 0, 0, 0.1);\" valign=\"middle\">\n<p style=\"margin: 0; padding: 10px 0;\"><a href=\"https:\/\/law.asia\/ko\/esg-integration-malaysian-financial-sector\/\"><span style=\"color: #ffffff; font-size: clamp(.9rem, 2.5vw, 1.125rem);\"><b>\ub9d0\ub808\uc774\uc2dc\uc544<\/b><\/span><br \/>\n<\/a><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\ub300\ub9cc \uc99d\uc2dc\ub294 \uc720\ub3d9\uc131\uc774 \ub192\uace0 \uae30\uc220\uc8fc \ube44\uc911\uc774 \ud070 \uac83\uc774 \ud2b9\uc9d5\uc73c\ub85c, \uc624\ub7ab\ub3d9\uc548 \ud574\uc678 \uae30\uad00\ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec\uc744 \ubc1b\uc544\uc654\ub2e4. 2025\ub144 2\uc6d4 \ub9d0 \uae30\uc900 \uae08\uc735\uac10\ub3c5\uc704\uc6d0\ud68c \ud1b5\uacc4\uc5d0 \ub530\ub974\uba74, \ud574\uc678 \uae30\uad00\ud22c\uc790\uc790(FINI, \uc911\uad6d \ud22c\uc790\uc790 \uc81c\uc678)\uc640 \uc911\uad6d \uc801\uaca9 \uad6d\ub0b4 \uae30\uad00\ud22c\uc790\uc790\ub4e4\uc740 \ub300\ub9cc \uc8fc\uc2dd \uc57d 2870\uc5b5 \ub2ec\ub7ec\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ub300\ub9cc \uc804\uccb4 \uc8fc\uc2dd\uc2dc\uc7a5 \uc2dc\uac00\ucd1d\uc561\uc758 \uc57d 42%\uc5d0 \ud574\ub2f9\ud55c\ub2e4.<\/p>\n<figure id=\"attachment_585859\" aria-describedby=\"caption-attachment-585859\" style=\"width: 200px\" class=\"wp-caption alignright\"><img decoding=\"async\" class=\"wp-image-585859 size-full\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2025\/05\/Hsin-Lan-Hsu.png\" alt=\"Hsin Lan Hsu\" width=\"200\" height=\"250\" \/><figcaption id=\"caption-attachment-585859\" class=\"wp-caption-text\"><br \/><strong>Hsin-Lan HSU<\/strong><br \/>\ud30c\ud2b8\ub108 \ubcc0\ud638\uc0ac<br \/>Lee and Li<br \/>\ud0c0\uc774\ud398\uc774<br \/>\uc804\ud654: +886 2 2763 8000 (\ub0b4\uc120 2551)<br \/>\uc774\uba54\uc77c: <a href=\"mailto:hsinlanhsu@leeandli.com\">hsinlanhsu@leeandli.com<\/a><\/figcaption><\/figure>\n<p>\uacf5\ub9e4\ub3c4\ub294 \uae30\uad00\ud22c\uc790\uc790\uc5d0\uac8c \uc704\ud5d8 \uad00\ub9ac \ub610\ub294 \ud5e4\uc9c0, \uc218\uc775\ub960 \uc99d\uac00, \uc720\uc5f0\ud55c \ud22c\uc790 \uc804\ub7b5\uc744 \uac00\ub2a5\ud558\uac8c \ud558\ub294 \uc911\uc694\ud55c \uc218\ub2e8\uc774\ub2e4. \ub300\ub9cc\uc5d0\uc11c\ub294 \uc77c\ubc18\uc801\uc73c\ub85c \uc2e0\uc6a9\uac70\ub798 \ub610\ub294 \uc99d\uad8c\ub300\ucc28\ub97c \ud1b5\ud574 \uacf5\ub9e4\ub3c4\uac00 \uac00\ub2a5\ud558\uc9c0\ub9cc, FINI\ub294 \uc99d\uad8c\ub300\ucc28\ub97c \ud1b5\ud574\uc11c\ub9cc \uacf5\ub9e4\ub3c4\ub97c \ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uacf5\ub9e4\ub3c4\uc5d0 \ud544\uc694\ud55c \uc2e0\uc6a9\uac70\ub798\ub294 \u2018\uc99d\uad8c\ud68c\uc0ac \uc720\uac00\uc99d\uad8c \uc2e0\uc6a9\uac70\ub798 \ubc0f \uacf5\ub9e4\ub3c4 \uc5c5\ubb34 \ucc98\ub9ac\uaddc\uc815\u2019\uc5d0 \ub530\ub77c \uc6b4\uc601\ub418\uba70, \ub2e4\ub978 \uc99d\uad8c\ub300\ucc28 \uad00\ub828 \uaddc\uc815\uc774 \uc544\ub2cc \ubcc4\ub3c4\uc758 \uaddc\uc81c\ub97c \ubc1b\ub294\ub2e4. \uadf8\ub7ec\ub098 FINI\ub294 \uc774\ucc98\ub7fc \uc2e0\uc6a9\uac70\ub798\ub97c \ud1b5\ud574 \uacf5\ub9e4\ub3c4\ub97c \ud560 \uc218 \uc5c6\ub2e4.<\/p>\n<p>\ubcf8 \uae30\uace0\ubb38\uc5d0\uc11c\ub294 FINI\uc758 \ub300\ub9cc \ub0b4 \uacf5\ub9e4\ub3c4 \ucc38\uc5ec \ubc29\uc2dd\uacfc \uad00\ub828 \uc81c\ud55c \uc0ac\ud56d\uc744 \uc0b4\ud3b4\ubcf4\uace0, \ub300\ub9cc\uc758 \uc99d\uad8c\ub300\ucc28 \uc81c\ub3c4\uc5d0 \ub300\ud574\uc11c\ub3c4 \uac04\ub7b5\ud788 \uc124\uba85\ud560 \uc608\uc815\uc774\ub2e4.<\/p>\n<h2><strong><span style=\"color: #e96526;\">FINI\uc640 \uc2dc\uc7a5 \uc811\uadfc\uc131<\/span><\/strong><\/h2>\n<p>\ub300\ub9cc \uc99d\uad8c\uac70\ub798\uc18c(TWSE) \ub610\ub294 \ud0c0\uc774\ubca0\uc774 \uc99d\uad8c\uac70\ub798\uc18c(TPEx)\uc5d0 \uc0c1\uc7a5\ub41c \uae30\uc5c5\uc5d0 \ub300\ud55c \uc678\uad6d\uc778 \ud22c\uc790 \uad00\ub828\ud558\uc5ec \uc801\uc6a9\ub418\ub294 \u2018\ud574\uc678 \uc911\uad6d\uc778 \ubc0f \uc678\uad6d\uc778 \uc720\uac00\uc99d\uad8c \ud22c\uc790 \uaddc\uc815\u2019(\uc678\uad6d\uc778 \ud22c\uc790 \uaddc\uc815)\uc5d0 \ub530\ub974\uba74, FINI\ub294 \ub300\ub9cc \uc99d\uad8c\uc2dc\uc7a5\uc5d0 \ud22c\uc790\ud558\uae30 \uc704\ud574 TWSE\uc5d0 \ub4f1\ub85d\ud574\uc57c \ud55c\ub2e4. \ub610\ud55c, \ub2e4\uc74c\uc758 \uc5c5\ubb34\ub97c \uc218\ud589\ud560 \uc218 \uc788\ub294 \ub300\ub9cc \ub0b4 \uc801\uaca9 \ubcf4\uad00\uae30\uad00\uc744 \uc9c0\uc815\ud574\uc57c \ud55c\ub2e4:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"list-style-type: none;\">\n<li>(1) \uc99d\uad8c \ubc0f \ud604\uae08 \uc218\uc775\uc758 \ubcf4\uad00<\/li>\n<li>(2) \ubaa8\ub4e0 \uac70\ub798\uc758 \ud655\uc778 \ubc0f \uacb0\uc81c<\/li>\n<li>(3) \ubaa8\ub4e0 \uad00\ub828 \uc815\ubcf4\uc758 \ubcf4\uace0<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>\ubcf4\uad00\uae30\uad00\uc740 \uc77c\ubc18\uc801\uc73c\ub85c FINI\uc758 TWSE \ub4f1\ub85d \ubc0f FINI \uc790\uaca9 \ucde8\ub4dd\uc744 \uc9c0\uc6d0\ud55c\ub2e4. \ub610\ud55c, \ubcf4\uad00\uae30\uad00\uc740 FINI\uc758 \ud604\uc9c0 \ub300\ub9ac\uc778 \uc5ed\ud560\uc744 \ud558\uba70 \ub2e4\uc74c\uacfc \uac19\uc740 \uc5c5\ubb34\ub97c \uc218\ud589\ud55c\ub2e4:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"list-style-type: none;\">\n<li>(1) \ud604\uc9c0 \uc99d\uad8c\uc0ac\uc5d0\uc11c \uc99d\uad8c \uac70\ub798 \uacc4\uc88c \uac1c\uc124<\/li>\n<li>(2) \ud604\uc9c0 \uc740\ud589\uc5d0\uc11c \uc740\ud589 \uacc4\uc88c \uac1c\uc124<\/li>\n<li>(3) \ub300\ub9cc \uc138\uae08 \ub0a9\ubd80<\/li>\n<li>(4) \uc790\uae08 \uc1a1\uae08<\/li>\n<li>(5) \uc8fc\uc8fc\uad8c \ud589\uc0ac<\/li>\n<li>(6) FINI\uac00 \uc9c0\uc815\ud558\ub294 \uae30\ud0c0 \uc5c5\ubb34 \uc218\ud589<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>FINI\ub294 \ub610\ud55c \ub300\ub9cc\uc5d0\uc11c \uc801\uaca9 \ub300\ub9ac\uc778\uc744 \ubc18\ub4dc\uc2dc \uc9c0\uc815\ud558\uc5ec \uc138\uae08 \uc2e0\uace0\uc11c\ub97c \uc81c\ucd9c\ud558\uace0 \uc138\uae08\uc744 \ub0a9\ubd80\ud574\uc57c \ud55c\ub2e4.<\/p>\n<p>TWSE\uc758 \uc99d\uad8c\ub300\ucc28 \uc2dc\uc2a4\ud15c\uc744 \ud1b5\ud574 \uacf5\ub9e4\ub3c4\uc5d0 \ucc38\uc5ec\ud558\uae30 \uc704\ud574\uc11c\ub294, FINI\uac00 \uc99d\uad8c\uc0ac\uc640 TWSE\uac00 \uc815\ud55c \uc591\uc2dd\uc5d0 \ub530\ub77c \uc99d\uad8c\uc0ac\uc640 \uc99d\uad8c\ub300\ucc28 \uc704\uc784\uacc4\uc57d\uc744 \uccb4\uacb0\ud558\uace0, \ud574\ub2f9 \uc99d\uad8c\uc0ac\uc5d0 FINI\ub97c \ub300\uc2e0\ud558\uc5ec TWSE\uc5d0 \uc99d\uad8c\ub300\ucc28 \uacc4\uc88c \uac1c\uc124\uc744 \uc2e0\uccad\ud560 \uc218 \uc788\ub294 \uad8c\ud55c\uc744 \uc704\uc784\ud574\uc57c \ud55c\ub2e4.<\/p>\n<p>TWSE\uac00 \uacc4\uc88c \uac1c\uc124 \uc2e0\uccad\uc744 \uc2ec\uc0ac\ud558\uc5ec \uc2b9\uc778\ud55c \ud6c4\uc5d0\ub9cc, FINI\ub294 \uc99d\uad8c\uc0ac\uc5d0 \uc99d\uad8c\ub300\ucc28 \uac70\ub798\uc640 \uad00\ub828\ub41c \ud638\uac00 \uc81c\ucd9c\uc774\ub098 \uaddc\uc81c \ubcf4\uace0 \ub4f1 \uc5c5\ubb34\ub97c \uc704\uc784\ud558\uace0 \uc218\ud589\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc99d\uad8c\uc0ac\uc758 \uc99d\uad8c\ub300\ucc28 \uba54\ucee4\ub2c8\uc998\uc744 \ud1b5\ud55c \uacf5\ub9e4\ub3c4\uc758 \uacbd\uc6b0, FINI\ub294 \uc99d\uad8c \uac70\ub798 \uacc4\uc88c\ub97c \ubcf4\uc720\ud55c \ub3d9\uc77c\ud55c \uc99d\uad8c\uc0ac\uc5d0\uc11c \uc99d\uad8c\ub300\ucc28 \uacc4\uc88c\ub97c \uac1c\uc124\ud574\uc57c \ud55c\ub2e4.<\/p>\n<h2><strong><span style=\"color: #e96526;\">SBL \uba54\ucee4\ub2c8\uc998<\/span><\/strong><\/h2>\n<p><strong>TWSE \uc99d\uad8c\ub300\ucc28 \uc2dc\uc2a4\ud15c(SBL)<\/strong>. FINI\ub294 TWSE\uc758 \uc911\uc559 \uc9d1\uc911\uc2dd \uc99d\uad8c\ub300\ucc28 \uc2dc\uc2a4\ud15c\uc744 \ud1b5\ud574 \uc99d\uad8c \ub300\ucd9c \ubc0f \ucc28\uc785 \uac70\ub798\ub97c \ud560 \uc218 \uc788\ub2e4. TWSE \uc99d\uad8c\ub300\ucc28 \uaddc\uc815\uc5d0 \ub530\ub974\uba74, TWSE SBL\uc5d0\uc11c\ub294 \uc138 \uac00\uc9c0 \uac70\ub798 \uc720\ud615\uc774 \uc81c\uacf5\ub41c\ub2e4:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"list-style-type: none;\">\n<li>(1) \uace0\uc815\uac00 \uac70\ub798,<\/li>\n<li>(2) \uacbd\uc7c1\uc785\ucc30 \uac70\ub798,<\/li>\n<li>(3) \ud611\uc758 \uac70\ub798.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>\ub300\ubd80\ubd84\uc758 FINI\ub294 \ud611\uc758 \uac70\ub798\ub9cc \uc218\ud589\ud55c\ub2e4. \uace0\uc815\uac00 \uac70\ub798\uc640 \uacbd\uc7c1\uc785\ucc30 \uac70\ub798\uc758 \uc870\uac74 \ubc0f \uc808\ucc28\ub294 TWSE \uaddc\uc815\uc744 \ub530\ub77c\uc57c \ud55c\ub2e4. \uc99d\uad8c\uac70\ub798\uc18c\ub294 \ub300\ucd9c\uc790\uc640 \ucc28\uc785\uc790 \uac04 \uacc4\uc57d\uc758 \uc774\ud589\uc744 \ubcf4\uc99d\ud558\uba70, \uc774\uc5d0 \ub530\ub978 \ucc44\ubb34\ubd88\uc774\ud589 \ubc0f \uc774\ud589 \uc704\ud5d8\uc744 \ubd80\ub2f4\ud55c\ub2e4.<\/p>\n<p>\uc774\uc640 \ub300\uc870\uc801\uc73c\ub85c \ud611\uc758 \uac70\ub798\uc5d0\uc11c\ub294 \ucc28\uc785\uc790\uc640 \ub300\uc5ec\uc790\uac00 \uc885\ubaa9\uba85, \uc218\ub7c9, \ucc28\uc785 \uc218\uc218\ub8cc\uc728, \uae30\uac04, \ub2f4\ubcf4 \uc720\ud615 \ubc0f \uc870\uac74, \uad8c\ub9ac \ubc0f \uc774\uc775\uc5d0 \ub300\ud55c \ubcf4\uc0c1 \ub4f1 \uac70\ub798 \uc870\uac74\uc744 \ud611\uc758\ud558\uc5ec \uacb0\uc815\ud55c\ub2e4.<\/p>\n<p>\ub2e4\ub978 \uac70\ub798 \uc720\ud615\uacfc \ub2ec\ub9ac, \uac01 \ub2f9\uc0ac\uc790\ub294 \ucc44\ubb34\ubd88\uc774\ud589 \ubc0f \uc774\ud589 \uc704\ud5d8\uc744 \uc2a4\uc2a4\ub85c \ubd80\ub2f4\ud574\uc57c \ud55c\ub2e4. TWSE\uc758 \uc5ed\ud560\uc740 \ub300\ucc28 \uac70\ub798 \ubcf4\uace0\uc11c \uac04\uc758 \ub300\ucd9c \uc870\uac74 \uc77c\uce58 \uc5ec\ubd80\ub97c \ud655\uc778\ud55c \ud6c4, \uc99d\uad8c\uc758 \uc778\ub3c4, \ubc18\ud658 \ubc0f \uad8c\ub9ac \ubcf4\uc0c1\uc5d0 \ub300\ud574 \ub300\ub9cc\uc608\ud0c1\uacb0\uc81c\uc6d0\uc5d0 \uc7a5\ubd80\uc0c1 \uc774\uc804\uc744 \ud1b5\uc9c0\ud558\ub294 \uac83 \uc815\ub3c4\ub85c \uc81c\ud55c\ub41c\ub2e4.<\/p>\n<p><strong>\uc99d\uad8c\uc0ac SBL<\/strong>. \uc778\uac00 \ubc1b\uc740 \uc99d\uad8c\uc0ac\ub294 \ub300\uc5ec\uc790 \ub610\ub294 \ucc28\uc785\uc790\uc758 \uc790\uaca9\uc73c\ub85c, TWSE SBL\uacfc\ub294 \ub2ec\ub9ac \uac1c\uc778\uc744 \ud3ec\ud568\ud55c \uace0\uac1d\uacfc \uc9c1\uc811 \uc99d\uad8c\ub300\ucc28 \uac70\ub798\ub97c \uccb4\uacb0\ud560 \uc218 \uc788\ub2e4. \uc99d\uad8c\uc0ac SBL\uc740 \ud611\uc758 \uac70\ub798\ub9cc\uc744 \uc81c\uacf5\ud558\uba70, \ucd94\uac00 \ub2f4\ubcf4 \uc81c\uacf5 \uae30\ud55c\uc744 \uc81c\uc678\ud558\uba74 \uadf8 \uc808\ucc28\ub294 TWSE SBL\uc758 \ud611\uc758 \uac70\ub798\uc640 \uac70\uc758 \ub3d9\uc77c\ud558\ub2e4.<\/p>\n<p>2023\ub144 SBL \uc804\uccb4 \uc2dc\uc7a5 \uac70\ub798\uae08\uc561\uc740 7\uc870 5100\uc5b5 \uc2e0\ub300\ub9cc\ub2ec\ub7ec(\uc57d 308\uc5b5 \ub2ec\ub7ec)\uc5d0 \ub2ec\ud588\uc73c\uba70, \uc774 \uc911 76%(\uacbd\uc7c1\uc785\ucc30 3%, \ud611\uc758 73%)\uac00 TWSE SBL\uc744 \ud1b5\ud574, 24%\ub294 \uc99d\uad8c\uc0ac SBL\uc744 \ud1b5\ud574 \uc774\ub904\uc84c\ub2e4. \ub300\ucc28 \ubc0f \ub9e4\ub3c4 \uae30\uc900\uc73c\ub85c 2023\ub144 \uc804\uccb4 \uc2dc\uc7a5 \ub300\ucc28 \ubc0f \ub9e4\ub3c4 \uac70\ub798\uae08\uc561\uc740 2\uc870 3900\uc5b5 \uc2e0\ub300\ub9cc\ub2ec\ub7ec\uc600\ub2e4. FINI\ub294 SBL \uc804\uccb4 \uc2dc\uc7a5 \uac70\ub798\uae08\uc561\uc758 90% \uc774\uc0c1\uc744 \ucc28\uc9c0\ud588\ub2e4.<\/p>\n<h2><strong><span style=\"color: #e96526;\">SBL \uc801\uaca9 \uc99d\uad8c<\/span><\/strong><\/h2>\n<p>SBL \uc801\uaca9 \uc99d\uad8c(\ub2e8, TWSE\uc758 Taiwan Innovation Board\uc5d0 \uc0c1\uc7a5\ub41c \uc99d\uad8c\uc740 \uc81c\uc678)\uc740 \ud2b9\uc815 \uae30\uc900\uc744 \ucda9\uc871\ud558\uace0 \uc0c1\uc7a5\ub41c \uc99d\uad8c\uac70\ub798\uc18c\uc5d0\uc11c \uc778\uc815\ubc1b\uc544\uc57c \ud55c\ub2e4. SBL \uc801\uaca9 \uc99d\uad8c\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"list-style-type: none;\">\n<li>(1) \uacf5\ub9e4\ub3c4\ub97c \uc704\ud55c \ub9c8\uc9c4\uac70\ub798\uc5d0 \uc801\uaca9\ud55c \uc99d\uad8c:\n<ol style=\"list-style-type: none;\">\n<li>(a) \ud2b9\uc815 \uc694\uac74\uc744 \ucda9\uc871\ud558\ub294 TWSE \ubc0f TPEx \uc0c1\uc7a5 \ubcf4\ud1b5\uc8fc\uc640 \ud0c0\uc774\uc644 \uc608\ud0c1\uc99d\uc11c;<\/li>\n<li>(b) TWSE \ub610\ub294 TPEx\uc5d0 6\uac1c\uc6d4 \uc774\uc0c1 \uc0c1\uc7a5\ub41c \uc218\uc775\uc99d\uad8c(\ud380\ub4dc) (\ub2e8, \ud328\uc2dc\ube0c ETF, \uc561\ud2f0\ube0c ETF, \uc120\ubb3c\ud615 ETF, \uc5ed\uc678 ETF \ub4f1\uc740 \uc774 \uc694\uac74\uc5d0\uc11c \uba74\uc81c\ub41c\ub2e4).<\/li>\n<\/ol>\n<\/li>\n<li>(2) \ucf5c(\ud48b) \uc6cc\ub7f0\ud2b8\uc758 \uae30\ucd08\uc790\uc0b0\uc73c\ub85c \uc801\uaca9\ud55c \uc99d\uad8c;<\/li>\n<li>(3) ETF\uc758 \uad6d\ub0b4 \uad6c\uc131 \uc885\ubaa9 \uc99d\uad8c;<\/li>\n<li>(4) \ub2e4\uc74c \ud30c\uc0dd\uc0c1\ud488\uc774 \ubc1c\ud589\ub41c TWSE \ub610\ub294 TPEx \uc0c1\uc7a5 \uc99d\uad8c:\n<ol style=\"list-style-type: none;\">\n<li>(a) \uac1c\ubcc4\uc8fc\uc2dd\uc635\uc158 \ub610\ub294 \uac1c\ubcc4\uc8fc\uc2dd\uc120\ubb3c;<\/li>\n<li>(b) \uad6d\ub0b4\uc678 \uc804\ud658\uc0ac\ucc44 \ub610\ub294 \uad50\ud658\uc0ac\ucc44;<\/li>\n<li>(c) \uc5ed\uc678 \uc608\ud0c1\uc99d\uc11c.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>TWSE\ub294 \ub300\ucd9c \uac00\ub2a5\ud55c \uc99d\uad8c \ubaa9\ub85d\uc744 \uc790\uc0ac \uc6f9\uc0ac\uc774\ud2b8\uc5d0 \ub9e4\uc77c \uac8c\uc2dc\ud558\uace0 \uc5c5\ub370\uc774\ud2b8\ud558\uace0 \uc788\ub2e4.<\/p>\n<h2><strong><span style=\"color: #e96526;\">\ub9e4\ub3c4 \uc694\uac74 \ubc0f \ud55c\ub3c4<\/span><\/strong><\/h2>\n<p>\ub300\ub9cc\uc5d0\uc11c\ub294 \ubb34\ucc28\uc785 \uacf5\ub9e4\ub3c4\uac00 \uae08\uc9c0\ub418\uc5b4 \uc788\uc73c\uba70, \ucc28\uc785 \uacf5\ub9e4\ub3c4\ub9cc \ud5c8\uc6a9\ub41c\ub2e4. FINI \ub9e4\ub3c4\uc790\ub294 \uc8fc\uc2dd\uc744 \ub9e4\ub3c4\ud558\uae30 \uc804\uc5d0 \ubc18\ub4dc\uc2dc \uc8fc\uc2dd\uc744 \uba3c\uc800 \ucc28\uc785\ud558\uac70\ub098 \ucc28\uc785\uc774 \uac00\ub2a5\ud55c\uc9c0 \ud655\uc778\ud574\uc57c \ud55c\ub2e4. \ubaa8\ub4e0 \uacf5\ub9e4\ub3c4 \uc8fc\ubb38\uc740 \uc77c\ubc18\uc801\uc73c\ub85c \uc8fc\ubb38 \uc81c\ucd9c \uc2dc \ud45c\uc2dc\ub41c\ub2e4.<\/p>\n<p>\uc2dc\uc7a5 \ud63c\ub780\uc744 \ubc29\uc9c0\ud558\uae30 \uc704\ud574 \uae08\uc735\uac10\ub3c5\uc704\uc6d0\ud68c(FSC)\ub294 \uacf5\ub9e4\ub3c4\uc5d0 \ub300\ud574 \uac70\ub798\ub7c9 \uae30\ubc18 \ud55c\ub3c4\ub97c \ubd80\uacfc\ud558\uace0 \uc788\ub2e4:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol style=\"list-style-type: none;\">\n<li>(1) <strong>\ucd1d \uacf5\ub9e4\ub3c4 \uae08\uc561\uc758 \ucd5c\ub300 \ud55c\ub3c4<\/strong>. SBL \uac70\ub798 \ubc0f \ub9c8\uc9c4 \uacf5\ub9e4\ub3c4\ub97c \ud1b5\ud574 \ucc28\uc785 \ubc0f \ub9e4\ub3c4\ub41c \ud2b9\uc815 \uc801\uaca9 \uc99d\uad8c\uc758 \ucd1d \uae08\uc561\uc740 \ud574\ub2f9 \uc99d\uad8c\uc758 \uc0c1\uc7a5 \uc8fc\uc2dd \ubc0f \uc218\uc775\uc99d\uad8c\uc758 25%\ub97c \ucd08\uacfc\ud560 \uc218 \uc5c6\ub2e4. \uc774 \ud55c\ub3c4\uc5d0 \ub3c4\ub2ec\ud558\uba74, \ud574\ub2f9 \uc99d\uad8c\uc5d0 \ub300\ud55c \uc2e0\uaddc \uc9c1\uc811 \uacf5\ub9e4\ub3c4\ub294 \ube44\uc728\uc774 18% \ubbf8\ub9cc\uc73c\ub85c \ub5a8\uc5b4\uc9c8 \ub54c\uae4c\uc9c0 \uc911\ub2e8\ub41c\ub2e4.<\/li>\n<li>(2) <strong>SBL\uc744 \ud1b5\ud55c \ucd5c\ub300 \uacf5\ub9e4\ub3c4 \ud55c\ub3c4<\/strong>. SBL \uac70\ub798\ub97c \ud1b5\ud574 \ucc28\uc785 \ubc0f \ub9e4\ub3c4\ub41c \ud2b9\uc815 \uc801\uaca9 \uc99d\uad8c\uc758 \ucd1d \uae08\uc561\uc740 \ud574\ub2f9 \uc99d\uad8c\uc758 \uc0c1\uc7a5 \uc8fc\uc2dd \ubc0f \uc218\uc775\uc99d\uad8c\uc758 10%\ub97c \ucd08\uacfc\ud560 \uc218 \uc5c6\ub2e4.<\/li>\n<li>(3) <strong>\ucd1d \uacf5\ub9e4\ub3c4 \uae08\uc561\uc758 \uc77c\uc77c \ucd5c\ub300 \ud55c\ub3c4<\/strong>. \ucc28\uc785 \uc99d\uad8c\uc758 \uc77c\uc77c \ucd5c\ub300 \uacf5\ub9e4\ub3c4 \uae08\uc561\uc740 \uc9c1\uc804 30\uac70\ub798\uc77c\uac04 \ud3c9\uade0 \uc77c\uc77c \uac70\ub798\ub7c9\uc758 30%\ub97c \ucd08\uacfc\ud560 \uc218 \uc5c6\ub2e4(\ud5e4\uc9c0 \ub610\ub294 \uc2dc\uc7a5\uc870\uc131\uc744 \uc704\ud55c \uc99d\uad8c\uc0ac \ubc0f \uc120\ubb3c\uc5c5\uc790\uc5d0 \ub300\ud574\uc11c\ub294 \uc608\uc678\uac00 \uc788\ub2e4). 2025\ub144 4\uc6d4 2\uc77c, \uae00\ub85c\ubc8c \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc5d0 \ub300\uc751\ud558\uc5ec FSC\ub294 \uc774 \uc77c\uc77c \ud55c\ub3c4\ub97c \uc77c\uc2dc\uc801\uc73c\ub85c 3%\ub85c \ub0ae\ucdc4\uc73c\uba70, \ucd5c\ucd08 1\uc8fc\uc77c\uac04 \uc801\uc6a9 \ud6c4 4\uc6d4 18\uc77c\uae4c\uc9c0 1\uc8fc\uc77c \ub354 \uc5f0\uc7a5\ud55c \ubc14 \uc788\ub2e4.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>TWSE\ub294 \uacf5\ub9e4\ub3c4 \uac70\ub798\ub7c9\uc744 \uac1c\ubcc4 \ud22c\uc790\uc790\uac00 \uc544\ub2cc \uc2dc\uc7a5 \uc804\uccb4 \uae30\uc900\uc73c\ub85c \uc0b0\uc815\ud55c\ub2e4. \uc774\uc6a9 \uac00\ub2a5\ud55c \uacf5\ub9e4\ub3c4 \uac00\ub2a5 \ubb3c\ub7c9\uc740 \ub9e4\uc77c TWSE \uc6f9\uc0ac\uc774\ud2b8\uc758 \u2018\uc8fc\uc2dd\ub300\ucc28\u2019 \uc139\uc158\uc5d0 \uacf5\uc2dc\ub418\uba70, \uc2dc\uc7a5 \uc815\ubcf4 \uc2dc\uc2a4\ud15c\uc5d0\uc11c\ub294 \uc2e4\uc2dc\uac04\uc73c\ub85c \uacf5\ub9e4\ub3c4 \uac00\ub2a5 \ubb3c\ub7c9\uc774 \uc81c\uacf5\ub41c\ub2e4. FINI\ub294 \uc99d\uad8c\uc0ac\uc640 \uc5f0\uacb0\ub41c \ucef4\ud4e8\ud130\ub97c \ud1b5\ud574 \ud574\ub2f9 \uc815\ubcf4\ub97c \ud655\uc778\ud560 \uc218 \uc788\ub2e4. \ud55c\ub3c4\uc5d0 \ub3c4\ub2ec\ud558\uba74 \uacf5\ub9e4\ub3c4 \uc8fc\ubb38\uc740 \uc790\ub3d9\uc73c\ub85c \uac70\ubd80\ub41c\ub2e4.<\/p>\n<h2><strong><span style=\"color: #e96526;\">ID \uae30\ubc18 \uacc4\uc88c \ud1b5\ud569<\/span><\/strong><\/h2>\n<p>\ub300\ub9cc\uc5d0\ub294 \u2018\ud504\ub77c\uc784 \ube0c\ub85c\ucee4\u2019\ub098 \u2018\ub85c\ucf00\uc774\ud2b8\u2019(locate) \uac1c\ub150\uc774 \uc874\uc7ac\ud558\uc9c0 \uc54a\ub294\ub2e4. \ub300\ub9cc\uc5d0\uc11c FINI\uac00 \uc99d\uad8c\uc0ac SBL\uc744 \ud1b5\ud574 \uc99d\uad8c\uc0ac\ub85c\ubd80\ud130 \uacf5\ub9e4\ub3c4\uc6a9 \uc99d\uad8c\uc744 \ucc28\uc785\ud560 \ub54c, \ucc28\uc785 \uc99d\uad8c\uc758 \ucd9c\ucc98\uac00 \uc99d\uad8c\uc0ac\uc758 \uc790\uccb4 \ubcf4\uc720\ubd84\uc774\ub4e0, \uc99d\uad8c\uc0ac\uac00 \ub2e4\uc2dc \ucc28\uc785\ud55c \uac83\uc774\ub4e0 \uc0c1\uad00\uc5c6\ub2e4.<\/p>\n<p>\ub300\ub9cc\uc5d0\uc11c\ub294 \uc99d\uad8c \ud22c\uc790\uc790\uac00 \uace0\uc720\ud55c ID \ubc88\ud638\ub85c \uc2dd\ubcc4\ub41c\ub2e4. \uac01 FINI\uc5d0\uac8c\ub294 ID \ubc88\ud638\uac00 \ubd80\uc5ec\ub418\uba70, \uc774\ub97c \ud1b5\ud574 \uc5ec\ub7ec \uc99d\uad8c\uc0ac\uc5d0 \uac70\ub798 \uacc4\uc88c\ub97c \uac1c\uc124\ud560 \uc218 \uc788\ub2e4. \ub3d9\uc77c\ud55c ID\ub85c \uc774\ub8e8\uc5b4\uc9c4 \uac70\ub798\ub294 \ub9e4\ub3c4 \ud3ec\uc9c0\uc158\uc774\ub4e0 \ub9e4\uc218 \ud3ec\uc9c0\uc158\uc774\ub4e0 \ubaa8\ub450 \ud1b5\ud569\ub41c\ub2e4.<\/p>\n<p>\uc774\ub7ec\ud55c ID \uae30\ubc18 \uad6c\uc870\ub294 \uc5ec\ub7ec \uacc4\uc88c\uac00 \ub3d9\uc77c\ud55c ID\ub97c \uacf5\uc720\ud560 \uc218 \uc788\ub3c4\ub85d \ud558\uc5ec, \uac01\uae30 \ub2e4\ub978 \uc99d\uad8c\uc0ac \uac70\ub798 \uacc4\uc88c\ub098 \uc218\ud0c1\uc740\ud589\uc758 \ud558\uc704 \uacc4\uc88c\ub97c \ubcf4\uc720\ud558\ub354\ub77c\ub3c4 \uc790\uae30\ub9e4\ub9e4 \ubd80\uc11c\ub098 \uac70\ub798 \uc7a5\ubd80\ub97c \ud1b5\ud569\ud560 \uc218 \uc788\uac8c \ud55c\ub2e4. \uc774\uc640 \uac19\uc740 \ud1b5\ud569\uc744 \ud1b5\ud574 \ub3d9\uc77c\ud55c ID\uc5d0 \uc5f0\uacb0\ub41c \uacc4\uc88c \uc804\ubc18\uc758 \uc21c\ub9e4\uc218 \ub610\ub294 \uc21c\ub9e4\ub3c4 \ud3ec\uc9c0\uc158\uc744 \uc0b0\uc815\ud560 \uc218 \uc788\uc73c\uba70, \ubaa8\ub4e0 \uacc4\uc88c\uac00 \uad00\ub828 \ubc95\ub839\uc744 \uc900\uc218\ud558\uace0 \uc218\ud0c1\uc740\ud589\uc774 \uc774\ub97c \uc9c0\uc6d0\ud558\ub294 \uacbd\uc6b0\uc5d0 \ud55c\ud574 \uc801\uc6a9\ub41c\ub2e4.<\/p>\n<section class=\"format-info\">\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"size-medium wp-image-523741 aligncenter\" src=\"https:\/\/law.asia\/wp-content\/uploads\/2024\/10\/Logo-2-300x94.png\" alt=\"Lee and Li, Attorneys-at-Law\" width=\"300\" height=\"94\" srcset=\"https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2-300x94.png 300w, https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2-1024x319.png 1024w, https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2-768x240.png 768w, https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2-1536x479.png 1536w, https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2-696x217.png 696w, https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2-1068x333.png 1068w, https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2-1347x420.png 1347w, https:\/\/law-asia.visibleone.dev\/wp-content\/uploads\/2024\/10\/Logo-2.png 1789w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><strong>LEE AND LI, ATTORNEYS-AT-LAW<\/strong><br \/>\n8F, No.555, Sec. 4, Zhongxiao E. Rd.<br \/>\nTaipei 110055, Taiwan<br \/>\n\uc804\ud654: +886 2 2763 8000<br \/>\n<a href=\"https:\/\/www.leeandli.com\/EN\">https:\/\/www.leeandli.com\/EN<\/a><\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>\uba54\uc778 \uc778\ub3c4 \ub9d0\ub808\uc774\uc2dc\uc544 \ub300\ub9cc \uc99d\uc2dc\ub294 \uc720\ub3d9\uc131\uc774 \ub192\uace0 \uae30\uc220\uc8fc \ube44\uc911\uc774 \ud070 \uac83\uc774 \ud2b9\uc9d5\uc73c\ub85c, \uc624\ub7ab\ub3d9\uc548 \ud574\uc678 \uae30\uad00\ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec\uc744 \ubc1b\uc544\uc654\ub2e4. 2025\ub144 2\uc6d4 \ub9d0 \uae30\uc900 \uae08\uc735\uac10\ub3c5\uc704\uc6d0\ud68c \ud1b5\uacc4\uc5d0 \ub530\ub974\uba74, \ud574\uc678 \uae30\uad00\ud22c\uc790\uc790(FINI, \uc911\uad6d \ud22c\uc790\uc790 \uc81c\uc678)\uc640 \uc911\uad6d \uc801\uaca9 \uad6d\ub0b4 \uae30\uad00\ud22c\uc790\uc790\ub4e4\uc740 \ub300\ub9cc \uc8fc\uc2dd \uc57d 2870\uc5b5 \ub2ec\ub7ec\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \ub300\ub9cc \uc804\uccb4 \uc8fc\uc2dd\uc2dc\uc7a5 \uc2dc\uac00\ucd1d\uc561\uc758 \uc57d 42%\uc5d0 \ud574\ub2f9\ud55c\ub2e4. \uacf5\ub9e4\ub3c4\ub294 \uae30\uad00\ud22c\uc790\uc790\uc5d0\uac8c \uc704\ud5d8 \uad00\ub9ac \ub610\ub294 \ud5e4\uc9c0, \uc218\uc775\ub960<\/p>\n","protected":false},"author":13501,"featured_media":586034,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","meta-author":"Hsin-Lan Hsu, Lee and Li","footnotes":""},"categories":[8398],"tags":[167489,167492,58719,161424,167490,167488,167487,167491],"class_list":["post-589647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kr","tag-fini--","tag-hsin-lan-hsu-ko","tag-lee-and-li-ko","tag-twse","tag--sbl-","tag-167488","tag-167487","tag-167491"],"acf":[],"_links":{"self":[{"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/posts\/589647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/users\/13501"}],"replies":[{"embeddable":true,"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/comments?post=589647"}],"version-history":[{"count":3,"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/posts\/589647\/revisions"}],"predecessor-version":[{"id":590686,"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/posts\/589647\/revisions\/590686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/media\/586034"}],"wp:attachment":[{"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/media?parent=589647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/categories?post=589647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/law-asia.visibleone.dev\/ko\/wp-json\/wp\/v2\/tags?post=589647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}