{"id":11510,"date":"2026-02-18T19:59:44","date_gmt":"2026-02-18T22:59:44","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=11510"},"modified":"2026-02-18T19:59:46","modified_gmt":"2026-02-18T22:59:46","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c02%ec%9b%94-18%ec%9d%bc-2","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=11510","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(02\uc6d4 18\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \ub2ec\ub7ec\uc758 \uac08\ub9bc\uae38: \ud658\uc728 \ud558\ub77d\uacfc \uc218\ud655 \ubc0f \ubbfc\uac04 \ucc44\uad8c \ubc1c\ud589\uc73c\ub85c \uc778\ud55c \uc678\ud654 \uc720\uc785 \uc99d\uac00 \uc0ac\uc774
    \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uc2e4\uc9c8 \ud658\uc728\uc740 \ucd5c\uadfc 7\uac1c\uc6d4 \uc911 \uac00\uc7a5 \ub0ae\uc740 \uc218\uc900\uc744 \uae30\ub85d\ud558\uba74\uc11c, \uc774\uac83\uc774 \uc0dd\uc0b0\uc131 \uac1c\uc120 \ub54c\ubb38\uc778\uc9c0 \uc544\ub2c8\uba74 \uc5b4\ub5a4 \ub300\uac00\ub97c \uce58\ub974\ub354\ub77c\ub3c4 \uc548\uc815\uc131\uc744 \uac15\uc81c\ud558\ub824\ub294 \uacf5\uc2dd \uc804\ub7b5\uc758 \uacb0\uacfc\uc778\uc9c0\uc5d0 \ub300\ud55c \ub17c\uc7c1\uc774 \uc2ec\ud654\ub418\uace0 \uc788\ub2e4.
    2\uc6d4 \ud55c \ub2ec \ub3d9\uc548 \ub204\uc801 47.50\ud398\uc18c \ud558\ub77d\ud558\uba74\uc11c, \ub3c4\ub9e4 \ub2ec\ub7ec \ud658\uc728\uc740 11\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c 1,400\ud398\uc18c \uc120\uc744 \ud558\ud68c\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc911\uc559\uc740\ud589\uc758 \ub300\uc678\ubb34\uc5ed \uad50\ud658\uc9c0\ud45c \uae30\uc900\uc73c\ub85c \ubcfc \ub54c, \uad6d\ub0b4 \ud1b5\ud654\uc758 \uacbd\uc7c1\ub825\uc740 \uc9c0\ub09c\ud574 7\uc6d4 \uc774\ud6c4 \ucd5c\uc800 \uc218\uc900\uc73c\ub85c \ub5a8\uc5b4\uc84c\ub2e4.
    \uc774\ub7ec\ud55c \uae08\uc735\uc2dc\uc7a5\uc758 \uc548\uc815\uc740 \ub2e8\uc21c\ud55c \uc9c1\uc811 \uac1c\uc785 \ub54c\ubb38\ub9cc\uc774 \uc544\ub2c8\ub77c \uc5ec\ub7ec \uc694\uc778\uc774 \ub3d9\uc2dc\uc5d0 \uc791\uc6a9\ud55c \uacb0\uacfc\uc774\ub2e4.
    \uc8fc\uc694 \uc694\uc778\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4.
    \uacf5\uc2dd \uc2dc\uc7a5\uc5d0\uc11c \ud611\uc0c1\uac00\ub2a5\ucc44\uad8c\uc758 \uae30\ub85d\uc801\uc778 \uc0c1\ud658.
    \uace1\ubb3c \uc218\ud655\uae30\uc5d0\uc11c \ubc1c\uc0dd\ud55c \uacac\uc870\ud55c \uc678\ud654 \uc720\uc785.
    \uc2e0\ud765\uc2dc\uc7a5\uc5d0 \uc6b0\ud638\uc801\uc778 \uad6d\uc81c \ud658\uacbd.
    \uc5ec\uae30\uc5d0 \uc5f0 40% \uc218\uc900\uc758 \ud398\uc18c \uae08\ub9ac\uac00 \uce90\ub9ac \ud2b8\ub808\uc774\ub4dc\ub97c \uc790\uadf9\ud558\uba70 \ud658\uc728 \uc548\uc815\uc5d0 \uae30\uc5ec\ud558\uace0 \uc788\ub2e4.
    \ub300\ub450\uc640 \uc625\uc218\uc218 \ubcf8\uaca9 \uc218\ud655\uc774 \uc784\ubc15\ud558\uba74\uc11c \ub2e8\uae30\uc801\uc73c\ub85c \uc774\ub7ec\ud55c \u201c\ud658\uc728 \uc548\uc815 \uad6d\uba74\u201d\uc774 \uc774\uc5b4\uc9c8 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.
    \uadf8\ub7ec\ub098 \uc911\uae30\uc801\uc73c\ub85c\ub294 \ub2e4\uc74c\uacfc \uac19\uc740 \uacbd\uace0 \uc2e0\ud638 \ub54c\ubb38\uc5d0 \ud604\uc7ac \ubaa8\ub378\uc758 \uc9c0\uc18d \uac00\ub2a5\uc131\uc5d0 \uc758\ubb38\uc774 \uc81c\uae30\ub418\uace0 \uc788\ub2e4.
    \uacbd\uc81c\ud65c\ub3d9 \ud68c\ubcf5 \uc9c0\uc5f0.
    \uace0\uc6a9\uc758 \uc9c0\uc18d\uc801 \uac10\uc18c.
    \ud22c\uc790 \ud65c\ub3d9\uc774 \uc77c\ubd80 \ubd84\uc57c\uc5d0\ub9cc \uc9d1\uc911\ub418\uc5b4 \uc788\uc74c.<\/li>\n\n\n\n
  2. \uacf5\uacf5\uc694\uae08 \uc778\uc0c1\uc774 2\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc5d0 \uc601\ud5a5\uc744 \uc904 \uc804\ub9dd
    \uacf5\uacf5\uc694\uae08 \uc870\uc815\uc774 \ubc18\uc601\ub418\uba74\uc11c Wise Capital \ud22c\uc790\ud68c\uc0ac\ub294 2\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc774 2.4%\uc5d0\uc11c 2.6% \uc0ac\uc774\uac00 \ub420 \uac83\uc73c\ub85c \ucd94\uc815\ud558\uace0 \uc788\ub2e4.
    \ud658\uc728 \uce21\uba74\uc5d0\uc11c\ub294 \uace1\ubb3c \uc218\ud655\uc774 \uc911\uc559\uc740\ud589 \uc678\ud658\ubcf4\uc720\uc561 \uc99d\uac00\uc5d0 \ub3c4\uc6c0\uc744 \uc8fc\uace0 \uc788\ub2e4.
    1\uc6d4 \uc678\ud654 \ub9e4\uac01\uc561\uc740 18\uc5b55\ucc9c\ub9cc \ub2ec\ub7ec\uc5d0 \ub2ec\ud574, 2025\ub144 12\uc6d4 \ub300\ube44 82% \uc99d\uac00\ud588\ub2e4.
    \uc774\ub85c \uc778\ud574 \uc815\ubd80\ub294 \ud611\uc0c1\uac00\ub2a5\ucc44\uad8c \ubc1c\ud589\uacfc \ud568\uaed8 20\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ub298\ub9b4 \uc218 \uc788\uc5c8\ub2e4.
    \uc774 \uc790\uae08\uc740 \uc8fc\ub85c \ubc00, \ubcf4\ub9ac, \ub300\ub450 \uad00\ub828 \uc81c\ud488\uc758 \uc120\uc801\uc5d0\uc11c \ubc1c\uc0dd\ud588\ub2e4.<\/li>\n\n\n\n
  3. \uc6d4\uac00 ADR \ud558\ub77d, \ucc44\uad8c \ud68c\ubcf5\uc138 \uc720\uc9c0
    \uad6d\ub0b4 \uc2dc\uc7a5 \uac70\ub798\uac00 \ud55c\uc0b0\ud588\ub358 \ud558\ub8e8 \ub3d9\uc548, \ud574\uc678\uc5d0 \uc0c1\uc7a5\ub41c \uc544\ub974\ud5e8\ud2f0\ub098 \uae30\uc5c5 \uc8fc\uc2dd(ADR)\uc740 \ub274\uc695 \uc2dc\uc7a5\uc758 \ub9e4\ub3c4\uc138 \uc601\ud5a5\uc744 \ubc1b\uc544 \ud558\ub77d\ud588\ub2e4.
    \ubbf8\uad6d \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub2e4\uc74c\uacfc \uac19\uc740 \uacb0\uacfc\uac00 \ub098\uc654\ub2e4.
    \ub098\uc2a4\ub2e5: 0.14% \uc0c1\uc2b9
    S&P500: 0.1% \uc0c1\uc2b9
    \ub2e4\uc6b0\uc874\uc2a4: 0.07% \uc0c1\uc2b9
    \uae30\uc220\uc8fc\ub294 0.49% \ubc18\ub4f1\ud588\uc73c\ub098, \uc774\ub7ec\ud55c \ud68c\ubcf5\uc774 \uc9c0\uc18d\ub420\uc9c0\ub294 \uc544\uc9c1 \ubd88\ud655\uc2e4\ud558\ub2e4.
    \uc544\ub974\ud5e8\ud2f0\ub098 ADR\uc740 \ud3c9\uade0 1% \ud558\ub77d\ud588\uc73c\uba70, \ud2b9\ud788 \ub2e4\uc74c \uae30\uc5c5\uc758 \ud558\ub77d\ud3ed\uc774 \ucef8\ub2e4.
    Cresud
    Edenor
    Central Puerto
    Transportadora Gas del Sur
    \ubc18\uba74 \ub2ec\ub7ec\ud45c\uc2dc \ucc44\uad8c\uc740 \uc0c1\uc2b9\uc138\ub97c \ubcf4\uc600\ub2e4.
    GD30 \ucc44\uad8c\uc740 \ucd5c\ub300 0.56% \uc0c1\uc2b9\ud558\uba70, \uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \uc18d\uc5d0\uc11c\ub3c4 \uc0c1\ub300\uc801\uc73c\ub85c \uacac\uc870\ud55c \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4.<\/li>\n\n\n\n
  4. \uc911\uc559\uc740\ud589, \uc2dc\uc7a5 \ub9e4\uc785 \ud655\ub300\ub85c \uc8fc\uac04 \uae30\uc900 \ud070 \ud751\uc790
    \uc911\uc559\uc740\ud589\uc740 \uc9c0\ub09c\uc8fc \uc790\uc720\uc678\ud658\uc2dc\uc7a5(MLC)\uc5d0\uc11c 4,200\ub9cc \ub2ec\ub7ec\ub97c \ub9e4\uc785\ud588\ub2e4.
    \uadf8 \uacb0\uacfc \uc8fc\uac04 \uae30\uc900 \ucd1d 6\uc5b51,500\ub9cc \ub2ec\ub7ec\uc758 \uc21c\ub9e4\uc785\uc744 \uae30\ub85d\ud574, \ucd5c\uadfc \ucd5c\ub300 \uaddc\ubaa8\uc758 \uc8fc\uac04 \ud751\uc790\ub97c \ub2ec\uc131\ud588\ub2e4.
    \uc774\ub85c\uc368 \uc911\uc559\uc740\ud589\uc740 \ud604\ubb3c \uc2dc\uc7a5\uc5d0\uc11c 30\uac70\ub798\uc77c \uc5f0\uc18d \uc21c\ub9e4\uc218\ub97c \uc774\uc5b4\uac14\ub2e4.
    \ud574\ub2f9 \uae30\uac04 \ub3c4\ub9e4 \ud658\uc728\uc740 \uc57d 1,400\ud398\uc18c \uc218\uc900\uc5d0\uc11c \ub9c8\uac10\ud588\ub2e4.
    \uc678\ud654 \ub9e4\uc785 \uc99d\uac00\uc758 \ubc30\uacbd\uc5d0\ub294 \uad6d\ub0b4 \uae08\uc735\uc2dc\uc2a4\ud15c \ub0b4 \ub2ec\ub7ec \uc790\uae08 \ud750\ub984\uc758 \ud68c\ubcf5\uc774 \uc788\ub294 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
    \ub2e4\ub9cc \ud604\uc7ac\ub85c\uc11c\ub294 \uac70\ub798\uc6a9 \ud1b5\ud654 \uc218\uc694 \uc99d\uac00\ub098 \uacbd\uc81c \uc7ac\ud1b5\ud654 \ud604\uc0c1\uc774 \ub098\ud0c0\ub098\ub294 \uc0c1\ud669\uc740 \uc544\ub2c8\ub2e4.
    \uc774\ub7ec\ud55c \ud604\uc0c1\uc740 \ubcf4\ud1b5 \uacc4\uc808\uc801 \uc694\uc778\uc5d0 \uc758\ud574 \ud2b9\uc815 \uc2dc\uae30\uc5d0 \ub098\ud0c0\ub09c\ub2e4.<\/li>\n\n\n\n
  5. \ub2ec\ub7ec \uc5f0\ub3d9 \ucc44\uad8c \uc815\ub9ac \uc704\ud55c \uc2e0\uaddc \ucc44\uad8c \uad50\ud658
    \uc815\ubd80\ub294 \uacf5\uc2dd \ud658\uc728 \ubcc0\ub3d9\uc5d0 \uc5f0\ub3d9\ub41c \ucc44\uad8c\uc5d0 \ub300\ud574 \uc0c8\ub85c\uc6b4 \ubd80\ucc44 \uad50\ud658\uc744 \uc2e4\uc2dc\ud560 \uc608\uc815\uc774\ub2e4.
    \ubaa9\uc801\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4.
    \ub9cc\uae30 \uad6c\uc870 \uac1c\uc120.
    \ub864\uc624\ubc84 \ube44\uc728 \ud5a5\uc0c1.
    \ud658\uc728 \uc2dc\uc7a5\uc758 \uc65c\uace1\uacfc \uc555\ub825 \uc644\ud654.
    \uc774\ubc88 \uad50\ud658\uc740 2\uc6d4 27\uc77c \ub9cc\uae30 Lelink \ucc44\uad8c\uc744 4\uc6d4 30\uc77c \ub9cc\uae30\ub85c \uad50\ud658\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4.
    \uc774\ub294 \uc62c\ud574 \ub4e4\uc5b4 \uc138 \ubc88\uc9f8 \uc720\uc0ac \uc870\uce58\ub85c, \uc120\uac70 \uc774\uc804 \uae30\uac04 \ub3d9\uc548 \ub2ec\ub7ec \uc218\uc694 \uc5b5\uc81c\ub97c \uc704\ud574 \ubc1c\ud589\ub41c \ub2ec\ub7ec\uc5f0\ub3d9 \ucc44\uad8c\uacfc \uad00\ub828\uc774 \uc788\ub2e4.<\/li>\n\n\n\n
  6. GDP \uc5f0\ub3d9 \ucc44\uad8c \uc18c\uc1a1 \uc9c4\ud589 \uc0c1\ud669
    \uc601\uad6d \ubc95\uc6d0\uc5d0\uc11c \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\ub97c \uc0c1\ub300\ub85c \uc2b9\uc18c\ud55c \ud22c\uc790\uc790\ub4e4\uc774 \ud310\uacb0 \uc9d1\ud589 \uc808\ucc28\ub97c \uc9c4\ud589 \uc911\uc774\ub2e4.
    \ud310\uacb0 \uae08\uc561\uc740 \uc57d 13\uc5b53\ucc9c\ub9cc \uc720\ub85c(\uc57d 14\uc5b54,300\ub9cc \ub2ec\ub7ec)\uc774\ub2e4.
    \uccab \ub2e8\uacc4\ub85c \ud22c\uc790\uc790\ub4e4\uc740 \uc815\ubd80\uac00 \ud56d\uc18c\ub97c \uc704\ud574 \uc608\uce58\ud588\ub358 3\uc5b51,300\ub9cc \uc720\ub85c\uc758 \ubcf4\uc99d\uae08\uc744 \ud655\ubcf4\ud588\ub2e4.
    \ud56d\uc18c\ub294 \ucd5c\uc885\uc801\uc73c\ub85c \uae30\uac01\ub418\uc5c8\ub2e4.
    \uc601\uad6d \ubc95\uc6d0\uc740 \uc790\uc0b0 \uc555\ub958 \uac00\ub2a5\uc131\uc744 \uac80\ud1a0\ud558\uae30 \uc704\ud574 \uc544\ub974\ud5e8\ud2f0\ub098 \uc815\ubd80\uc5d0 \ucd94\uac00 \uc815\ubcf4 \uc81c\ucd9c\uc744 \uba85\ub839\ud588\ub2e4.
    \uc774 \ubd84\uc7c1\uc758 \uae30\uc6d0\uc740 2013\ub144 \ud06c\ub9ac\uc2a4\ud2f0\ub098 \ud0a4\ub974\uce58\ub124\ub974 \uc815\ubd80 \ub2f9\uc2dc GDP \uc0b0\uc815 \ubc29\uc2dd \ubcc0\uacbd\uc73c\ub85c \uac70\uc2ac\ub7ec \uc62c\ub77c\uac04\ub2e4.
    \uc601\uad6d \ubc95\uc6d0\uc740 \uc774 \uc870\uce58\uac00 \ucc44\uad8c\uc790\ub4e4\uc758 \uc218\uc775\uc744 \uc904\uc5ec \uc190\ud574\ub97c \uc785\ud614\ub2e4\uace0 \ud310\ub2e8\ud588\ub2e4.
    2024\ub144 \uc6d0\uace0 \uc2b9\uc18c \uc774\ud6c4\uc5d0\ub3c4 \uc544\ub974\ud5e8\ud2f0\ub098\ub294 \uc57d 10\uc5b5 \uc720\ub85c \uaddc\ubaa8\uc758 \uc9c0\uae09 \uc758\ubb34\uac00 \ub0a8\uc544 \uc788\ub2e4.
    \uc815\ubd80\uc758 \ubc95\ubb34\ubd80\ub294 \uc774 \uc0ac\uac74\uc744 \uad6d\uac00\ub97c \uc0c1\ub300\ub85c \ud55c \ub2e4\uc12f \ubc88\uc9f8\ub85c \uc911\uc694\ud55c \uc18c\uc1a1 \uc911 \ud558\ub098\ub85c \ud3c9\uac00\ud558\uace0 \uc788\ub2e4.
    GDP \uc5f0\ub3d9 \ucc44\uad8c\uc740 2005\ub144 \ubd80\ucc44 \uc7ac\uc870\uc815 \ub2f9\uc2dc \ucc44\uad8c \ucc38\uc5ec\ub97c \uc720\ub3c4\ud558\uae30 \uc704\ud574 \ub9cc\ub4e4\uc5b4\uc84c\ub2e4.
    \ud574\ub2f9 \ucfe0\ud3f0\uc740 \uacbd\uc81c\uc131\uc7a5\ub960\uc774 \uc5f0 3%\ub97c \ucd08\uacfc\ud558\uba74 \ucd94\uac00 \uc9c0\uae09\uc744 \ud558\ub294 \uad6c\uc870\uc600\uc73c\uba70 2035\ub144\uae4c\uc9c0 \uc801\uc6a9\ub41c\ub2e4.
    \uadf8\ub7ec\ub098 2011\ub144 \uc774\ud6c4 \uacf5\uc2dd \ud1b5\uacc4\uc0c1 \uc131\uc7a5\ub960\uc774 \uc774 \uae30\uc900\uc744 \ub118\uc9c0 \ubabb\ud558\uba74\uc11c \uc9c0\uae09\uc774 \uc911\ub2e8\ub418\uc5c8\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":11511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-11510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11510"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11510\/revisions"}],"predecessor-version":[{"id":11512,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/11510\/revisions\/11512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/11511"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}