{"id":7980,"date":"2025-12-16T09:22:43","date_gmt":"2025-12-16T01:22:43","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=7980"},"modified":"2025-12-16T09:22:48","modified_gmt":"2025-12-16T01:22:48","slug":"%e5%9c%a8%e9%9d%9e%e5%ae%8c%e5%85%a8%e6%9c%89%e6%95%88%e5%b8%82%e5%9c%ba%e4%b8%ad%ef%bc%8c%e9%9b%b6%e5%94%ae%e4%ba%a4%e6%98%93%e8%80%85%e7%9a%84%e7%90%86%e6%80%a7%e5%ae%9a%e4%bd%8d","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/7980","title":{"rendered":"\ubd88\uc644\uc804\ud558\uac8c \ud6a8\uc728\uc801\uc778 \uc2dc\uc7a5\uc5d0\uc11c \uc18c\ub9e4\uc5c5\uc790\uc758 \ud569\ub9ac\uc801\uc778 \ud3ec\uc9c0\uc154\ub2dd"},"content":{"rendered":"<p class=\"translation-block\">\ud604\ub300 \uae08\uc735 \uc774\ub860\uc740 \uc885\uc885 \"\ud6a8\uc728\uc801\uc778 \uc2dc\uc7a5 \uac00\uc124\"(EMH)\uc744 \ucd9c\ubc1c\uc810\uc73c\ub85c \uc0bc\uc544 \uc790\uc0b0 \uac00\uaca9\uc774 \uc774\uc6a9 \uac00\ub2a5\ud55c \ubaa8\ub4e0 \uc815\ubcf4\ub97c \uc644\uc804\ud788 \ubc18\uc601\ud588\uae30 \ub54c\ubb38\uc5d0 \uc9c0\uc18d\uc801\uc73c\ub85c \uc2dc\uc7a5\uc744 \uc774\uae30\ub294 \uac83\uc774 \ubd88\uac00\ub2a5\ud558\ub2e4\uace0 \ubbff\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc2e4\uc81c \uc2dc\uc7a5\uc740 \uc644\uc804\ud788 \ud6a8\uc728\uc801\uc774\uac70\ub098 \uc644\uc804\ud788 \ube44\ud6a8\uc728\uc801\uc774\uc9c0 \uc54a\uace0 <strong>\ub2e4\ub2e8\uacc4, \ube44\ub300\uce6d \uc815\ubcf4 \uc601\uc5ed<\/strong>\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ud658\uacbd\uc5d0\uc11c \uc18c\ub9e4 \uac70\ub798\uc790\uac00 \uc790\uc2e0\uc758 \uc815\ubcf4 \uc704\uce58\uc640 \ud589\ub3d9 \uc81c\ud55c\uc5d0 \ub300\ud55c \uba85\ud655\ud55c \uc774\ud574\uac00 \ubd80\uc871\ud558\uba74 \"\ubd80\uc9c0\ub7f0\ud558\uc9c0\ub9cc \ube44\ud6a8\uc728\uc801\uc778\" \uac70\ub798 \ud568\uc815\uc5d0 \uc27d\uac8c \ube60\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubcf8 \ub17c\ubb38\uc740 \uc774\ub7ec\ud55c \uad6c\uc870\uc801 \ud604\uc2e4\uc744 3\ucc28\uc6d0\uc5d0\uc11c \ubd84\uc11d\ud55c\ub2e4.<\/p>\n<p>1. \uc138 \uac00\uc9c0 \ud615\ud0dc\uc758 \ud6a8\uc728\uc801 \uc2dc\uc7a5\uc740 \ud604\uc2e4\uacfc \ub2e4\ub974\ub2e4<\/p>\n<p>Fama(1970)\ub294 \uc2dc\uc7a5 \ud6a8\uc728\uc131\uc744 \uc138 \uac00\uc9c0 \ubc94\uc8fc\ub85c \ub098\ub204\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\"><strong>\uc57d\ud615 \uc720\ud6a8<\/strong>: \uac00\uaca9\uc5d0 \ubaa8\ub4e0 \uacfc\uac70 \uac70\ub798 \ub370\uc774\ud130\uac00 \ubc18\uc601\ub418\uc5c8\uc73c\uba70 \uae30\uc220\uc801 \ubd84\uc11d\uc774 \uc720\ud6a8\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. <strong>\uc900\uac15\ud615 \uc720\ud6a8<\/strong>: \uac00\uaca9\uc740 \ubaa8\ub4e0 \uacf5\uac1c \uc815\ubcf4\ub97c \ubc18\uc601\ud588\uc73c\uba70 \uadfc\ubcf8\uc801\uc778 \ubd84\uc11d\uc740 \uc9c0\uc18d\uc801\uc778 \uc218\uc775\uc744 \ucc3d\ucd9c\ud558\uae30 \uc5b4\ub835\uc2b5\ub2c8\ub2e4. <strong>\uac15\ub825\ud55c \ud615\uc2dd\uc758 \uc720\ud6a8<\/strong>: \uac00\uaca9\uc5d0 \ubaa8\ub4e0 \uc815\ubcf4(\ub0b4\ubd80\uc790 \uc815\ubcf4 \ud3ec\ud568)\uac00 \ud3ec\ud568\ub418\uc5b4 \uc788\uc73c\uba70 \ubaa8\ub4e0 \ubd84\uc11d\uc774 \uc720\ud6a8\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\">\uc2e4\uc81c\ub85c \uc8fc\ub958 \uae08\uc735 \uc2dc\uc7a5\uc740 <strong>\uc57d\ud55c \ud615\ud0dc\uc5d0\uc11c \uc900\uac15\ud55c \ud615\ud0dc<\/strong>\uc5d0 \uac00\uae5d\uc2b5\ub2c8\ub2e4. \uace0\uc8fc\ud30c \uc54c\uace0\ub9ac\uc998\uc740 \uacf5\uacf5 \ub370\uc774\ud130\ub97c \uc2e0\uc18d\ud558\uac8c \uc18c\ud654\ud560 \uc218 \uc788\uc9c0\ub9cc \uc815\ucc45 \uae30\ub300, \uc9c0\uc815\ud559\uc801 \uc704\ud5d8 \ub4f1 \ud37c\uc9c0 \uc815\ubcf4\uc5d0 \ub300\ud55c \ud574\uc11d\uc5d0\ub294 \uc5ec\uc804\ud788 \uaca9\ucc28\uac00 \uc788\uc5b4 \ub2e8\uae30\uc801\uc778 \uac00\uaca9 \ud3b8\ucc28\uac00 \ubc1c\uc0dd\ud569\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc774\ub7ec\ud55c \ud3b8\ucc28 \ucc3d\uc740 \ub9e4\uc6b0 \uc9e7\uc73c\uba70(\uc885\uc885 \ubc00\ub9ac\ucd08 \ub2e8\uc704\ub85c \uce21\uc815\ub428) \ucea1\ucc98\ud558\ub824\uba74 \uac15\ub825\ud55c \ucef4\ud4e8\ud305 \uc131\ub2a5\uacfc \uc9c0\uc5f0 \uc2dc\uac04\uc774 \uc9e7\uc740 \ucc44\ub110\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \uc774\uac83\uc774 \uae30\uad00\uacfc \uc18c\ub9e4\uc5c5\uccb4 \uac04\uc758 <strong>\uccab \ubc88\uc9f8 \uaca9\ucc28<\/strong>\uc785\ub2c8\ub2e4.<\/p>\n<p>2. \uc815\ubcf4\uc218\uc900: \ub204\uac00 \uac00\uaca9\uc744 \uc815\ud558\uace0 \ub204\uac00 \ub530\ub974\ub294\uac00?<\/p>\n<p class=\"translation-block\">\uae08\uc735 \uc2dc\uc7a5\uc5d0\ub294 \uba85\ud655\ud55c <strong>\uc815\ubcf4 \uc804\uc1a1 \uccb4\uc778<\/strong>\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\"><strong>\uc6d0\ubcf8 \uc815\ubcf4 \ucd9c\ucc98<\/strong>: \uc911\uc559\uc740\ud589, \ud1b5\uacc4\uccad, \uae30\uc5c5 \uc7ac\ubb34 \ubcf4\uace0\uc11c(\uacf5\uac1c \uc9c1\ud6c4 \uae30\uad00 \ud56b\ub77c\uc778\uc5d0\uc11c \ucea1\ucc98) <strong>1\ucc28 \ud574\uc11d \uacc4\uce35<\/strong>: \ud22c\uc790 \uc740\ud589 \uc5f0\uad6c \ubd80\uc11c, \ub9e4\ud06c\ub85c \ud5e4\uc9c0 \ud380\ub4dc\ub97c \ubaa8\ub378\uacfc \uacb0\ud569\ud558\uc5ec \uac70\ub798 \uc2e0\ud638\ub97c \uc2e0\uc18d\ud558\uac8c \uc0dd\uc131\ud569\ub2c8\ub2e4. <strong>\uc720\ub3d9\uc131 \uc81c\uacf5 \ub808\uc774\uc5b4<\/strong>: \uc2dc\uc7a5 \uc870\uc131\uc790\ub294 \uc8fc\ubb38 \ud750\ub984 \ubc0f \uc704\ud5d8 \ub178\ucd9c\uc5d0 \ub530\ub77c \uacac\uc801\uc744 \ub3d9\uc801\uc73c\ub85c \uc870\uc815\ud569\ub2c8\ub2e4. <strong>\uc18c\ub9e4 \ud6c4\uc18d \ub808\uc774\uc5b4<\/strong>: \uba87 \ucd08\uc5d0\uc11c \uba87 \ubd84\uc758 \uc9c0\uc5f0\uc73c\ub85c \ub274\uc2a4, \uc18c\uc15c \ubbf8\ub514\uc5b4 \ub610\ub294 \uac70\ub798 \ud50c\ub7ab\ud3fc\uc744 \ud1b5\ud574 \uc815\ubcf4\ub97c \uc218\uc2e0\ud569\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\">\uc18c\ub9e4 \uc0c1\uc778\uc740 \uc77c\ubc18\uc801\uc73c\ub85c \uccb4\uc778\uc758 \ub05d\uc5d0 \uc788\uc73c\uba70 \uadf8\ub4e4\uc774 \ubcf4\ub294 \"\uac00\uaca9\"\uc740 \uc774\ubbf8 \uc774\uc804 \uac8c\uc784 \uacc4\uce35\uc758 \uacb0\uacfc\uc785\ub2c8\ub2e4. \uc774\ub54c \uc2dc\uc7a5\uc5d0 \uc9c4\uc785\ud558\ub294 \uac83\uc740 \uc0ac\uc2e4\uc0c1 \uc815\ubcf4 \uac10\uc1e0 \uad6c\uac04\uc5d0\uc11c <strong>\ud14c\uc77c \ubcc0\ub3d9 \uc704\ud5d8\uc744 \uac10\uc218<\/strong>\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \ub354 \uc911\uc694\ud55c \uac83\uc740 \ub3d9\uc77c\ud55c \ub274\uc2a4(\uc608: \"\ube44\ub18d\uc5c5 \ub871 \uace8\ub4dc\")\ub85c \uc778\ud574 \ub2e4\uc218\uc758 \uc18c\ub9e4 \uc790\uae08\uc774 \ud568\uaed8 \ud589\ub3d9\ud560 \ub54c \ub300\uc2e0 \uae30\uad00\uc774 \ubc18\ub300 \ubc29\ud5a5\uc73c\ub85c \uc218\ud655\ud560 \uc218 \uc788\ub294 \uc720\ub3d9\uc131 \uacf5\uae09\uc6d0\uc774 \ub41c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1266\" height=\"844\" class=\"wp-image-7982\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4.jpeg\" alt=\"\u5e26\u6709\u91d1\u6761\u7684\u65e5\u5143\u949e\u7968\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4.jpeg 1266w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4-300x200.jpeg 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4-1024x683.jpeg 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4-768x512.jpeg 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4-18x12.jpeg 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4-900x600.jpeg 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/12\/yuan-4-600x400.jpeg 600w\" sizes=\"(max-width: 1266px) 100vw, 1266px\" \/><\/p>\n<p>3. \ud589\ub3d9 \ud3b8\ud5a5: \uc778\uc9c0\uc801 \ud55c\uacc4\uac00 \uc5b4\ub5bb\uac8c \uad6c\uc870\uc801 \ub2e8\uc810\uc744 \uc99d\ud3ed\uc2dc\ud0a4\ub294\uac00<\/p>\n<p>\uc815\ubcf4\uc758 \ub2e8\uc810\uc744 \ubb34\uc2dc\ud558\ub354\ub77c\ub3c4 \uc778\uac04\uc758 \uace0\uc720\ud55c \uc778\uc9c0 \ud3b8\ud5a5\uc740 \uccb4\uacc4\uc801\uc73c\ub85c \uc758\uc0ac \uacb0\uc815 \ud488\uc9c8\uc744 \uc190\uc0c1\uc2dc\ud0b5\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\"><strong>\ud655\uc99d \ud3b8\ud5a5<\/strong>(\ud655\uc99d \ud3b8\ud5a5): \uc790\uc2e0\uc758 \uacac\ud574\ub97c \ub4b7\ubc1b\uce68\ud558\ub294 \uc815\ubcf4\uc5d0\ub9cc \uc9d1\uc911\ud558\uace0 \ubd80\uc815\uc801\uc778 \uc99d\uac70\ub294 \ubb34\uc2dc\ud569\ub2c8\ub2e4. <strong>\uacfc\uc2e0<\/strong> (\uacfc\uc2e0): \uc790\uc2e0\uc758 \ubd84\uc11d \ub2a5\ub825\uc744 \uacfc\ub300\ud3c9\uac00\ud558\uace0 \uc2dc\uc7a5\uc758 \ubb34\uc791\uc704\uc131\uc744 \uacfc\uc18c\ud3c9\uac00\ud569\ub2c8\ub2e4. <strong>\uc190\uc2e4 \ud68c\ud53c<\/strong>(\uc190\uc2e4 \ud68c\ud53c): \uc190\uc2e4\uc5d0 \ub300\ud55c \ub450\ub824\uc6c0 \ub54c\ubb38\uc5d0 \ub108\ubb34 \uc77c\ucc0d \uc774\uc775\uc744 \uc911\ub2e8\ud558\uace0 \uc8fc\ubb38\uc744 \ub108\ubb34 \uc624\ub7ab\ub3d9\uc548 \uc720\uc9c0\ud558\uc5ec \uc804\ub7b5\uc758 \uc77c\uad00\uc131\uc744 \ud30c\uad34\ud569\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\">Barber &amp; Odean(2000)\uc740 \uc218\ub9cc \uac1c\uc758 \uc18c\ub9e4 \uacc4\uc815\uc744 \uc5f0\uad6c\ud55c \uacb0\uacfc <strong>\uac70\ub798 \ube48\ub3c4\uac00 \ub192\uc744\uc218\ub85d \uc21c\uc774\uc775\uc740 \ub0ae\uc544\uc9c4\ub2e4<\/strong>\ub294 \uc0ac\uc2e4\uc744 \ubc1c\uacac\ud588\uc2b5\ub2c8\ub2e4. \uac00\uc7a5 \ud070 \uc774\uc720\ub294 \uc704\uc5d0\uc11c \uc5b8\uae09\ud55c \ud3b8\ucc28\uc640 \uac70\ub798 \ube44\uc6a9 \ub54c\ubb38\uc785\ub2c8\ub2e4. \ub808\ubc84\ub9ac\uc9c0 \ud658\uacbd\uc5d0\uc11c\ub294 \uc774 \ud6a8\uacfc\uac00 \ub354\uc6b1 \uc99d\ud3ed\ub429\ub2c8\ub2e4. \uc791\uc740 \uc778\uc9c0 \uc624\ub958\ub85c \uc778\ud574 \ubd88\uade0\ud615\uc801\uc778 \uc790\ubcf8 \uc190\uc2e4\uc774 \ubc1c\uc0dd\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>4. \ud569\ub9ac\uc801 \ucc38\uc5ec\uc758 \uc804\uc81c\uc870\uac74: \u201c\uc81c\ud55c\ub41c \ud569\ub9ac\uc131\u201d\uc758 \uc785\uc7a5 \uc218\uc6a9<\/p>\n<p class=\"translation-block\">\uc704\uc758 \uad6c\uc870\uc801 \ud604\uc2e4\uc5d0 \uc9c1\uba74\ud558\uc5ec \uc18c\ub9e4 \uac70\ub798\uc790\ub294 \"<strong>\uc81c\ud55c\ub41c \ud569\ub9ac\uc131 \ucc38\uc5ec\uc790<\/strong>\"\uc5d0 \ub300\ud55c \uc790\uae30 \uc778\uc2dd\uc744 \ud655\ub9bd\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\">\ub2e8\uae30 \uac00\uaca9\uc744 \uc77c\uad00\ub418\uac8c \uc608\uce21\ud560 \uc218 \uc5c6\ub2e4\ub294 \uc810\uc744 \uc778\uc815\ud558\uace0 \ub300\uc2e0 <strong>\uc704\ud5d8 \ud1b5\uc81c \ubc0f \ud589\ub3d9 \uaddc\uc728<\/strong>\uc5d0 \uc9d1\uc911\ud558\uc138\uc694. \uc2dc\uc7a5\uc740 \ub300\ubd80\ubd84\uc758 \uacbd\uc6b0 '\ub300\ub7b5 \ud6a8\uc728\uc801\uc778' \uc0c1\ud0dc\uc5d0 \uc788\uc73c\uba70 <strong>\ube44\uc815\uc0c1\uc801\uc778 \uae30\ud68c\ub294 \ub4dc\ubb3c\uace0 \ub2e8\uba85\ud569\ub2c8\ub2e4<\/strong>. \uac70\ub798\ub97c \uacb0\uc815\ub860\uc801 \ucc28\uc775\uac70\ub798\uac00 \uc544\ub2cc <strong>\ud655\ub960 \uac8c\uc784<\/strong>\uc73c\ub85c \ucde8\uae09\ud558\uace0, \ub2e8 \ud55c \ubc88\uc758 \uc2b9\ud328\ubcf4\ub2e4\ub294 \uc7a5\uae30\uc801\uc778 \uae30\ub300 \uac00\uce58\uc5d0 \ucd08\uc810\uc744 \ub9de\ucda5\ub2c8\ub2e4.<\/p>\n<p class=\"translation-block\">\uc18c\ub85c\uc2a4\uac00 \ub9d0\ud588\ub4ef\uc774: \"\uc2dc\uc7a5\uc740 \ud56d\uc0c1 \ud2c0\ub824\uc694. \uadf8\ub7ec\ub098 \uc5b8\uc81c\uae4c\uc9c0 \ud2c0\ub9b4\uc9c0 \uc54c \uc218 \uc5c6\uc2b5\ub2c8\ub2e4.\" \uc18c\ub9e4 \uc0ac\uc6a9\uc790\uc758 \uacbd\uc6b0 \uc9c4\uc815\ud55c \uc774\uc810\uc740 \"\uc62c\ubc14\ub978 \ubc29\ud5a5\uc744 \ubc14\ub77c\ubcf4\ub294 \uac83\"\uc774 \u200b\u200b\uc544\ub2c8\ub77c \ubd88\ud655\uc2e4\uc131 \uc18d\uc5d0\uc11c \uc0dd\uc874 \uac00\ub2a5\uc131\uc744 \uc720\uc9c0\ud558\uace0 \ub192\uc740 \ud655\ub960\uc758 \uae30\ud68c\ub97c \uae30\ub2e4\ub9ac\ub294 \ub370 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\uacb0\ub860: \uc778\uc9c0 \uacbd\uacc4\ub294 \uc704\ud5d8 \ud1b5\uc81c \uacbd\uacc4\uc774\ub2e4<\/p>\n<p class=\"translation-block\">\uae08\uc735\uc2dc\uc7a5\uc740 \uacf5\uc815\ud55c \uacbd\uc7c1\uc758 \uc7a5\uc774 \uc544\ub2c8\ub77c \uc815\ubcf4\uc640 \uae30\uc220, \uc2ec\ub9ac\uac00 \ub4a4\uc11e\uc778 \ubcf5\uc7a1\ud55c \uac8c\uc784 \uc2dc\uc2a4\ud15c\uc774\ub2e4. Wmax\ub294 <strong>\uae09\ud558\uac8c \ucc38\uc5ec\ud558\ub294 \uac83\ubcf4\ub2e4 \uc2dc\uc7a5\uc774 \uc5b4\ub5bb\uac8c \ub3cc\uc544\uac00\ub294\uc9c0 \uc774\ud574\ud558\ub294 \uac83\uc774 \ub354 \uc911\uc694\ud558\ub2e4<\/strong>\ub294 \uc810\uc744 \ud56d\uc0c1 \uac15\uc870\ud569\ub2c8\ub2e4. \uc815\ubcf4 \uc0ac\uc2ac\uc5d0\uc11c \uc790\uc2e0\uc758 \uc704\uce58\ub97c \u200b\u200b\uc778\uc2dd\ud558\uace0, \ud589\ub3d9 \ud3b8\ucc28\uc758 \uac04\uc12d\uc744 \uc2dd\ubcc4\ud558\uace0, \uc218\uc775\uc758 \ud55c\uacc4\ub97c \uc218\uc6a9\ud568\uc73c\ub85c\uc368\ub9cc \uc18c\ub9e4 \uac70\ub798\uc790\ub294 \ubcf5\uc7a1\ud55c \ud658\uacbd\uc5d0\uc11c \uc2dc\uc7a5\uc744 \ud328\ubc30\uc2dc\ud0a4\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \uc2dc\uc7a5\uacfc \uacf5\uc874\ud558\ub294 \uc9c4\uc815\uc73c\ub85c \uc9c0\uc18d \uac00\ub2a5\ud55c \ucc38\uc5ec\ub97c \ub2ec\uc131\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"<p>\uae08\uc735\uc2dc\uc7a5\uc740 \uacf5\ud3c9\ud55c \uacbd\uc7c1\uc758 \uc7a5\uc774 \uc544\ub2d9\ub2c8\ub2e4. \ubcf8 \ub17c\ubb38\uc5d0\uc11c\ub294 \ud6a8\uc728\uc801 \uc2dc\uc7a5 \uac00\uc124, \uc815\ubcf4 \uacc4\uce35\uc801 \uc804\ub2ec \uccb4\uc778 \ubc0f \ud589\ub3d9 \ud3b8\ud5a5\uc774 \uc18c\ub9e4 \uac70\ub798\uc790\uc5d0\uac8c \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \ubd84\uc11d\ud569\ub2c8\ub2e4. \uad6c\uc870\uc801 \ub2e8\uc810\uc744 \uc778\uc2dd\ud558\uace0 \"\uc81c\ud55c\ub41c \ud569\ub9ac\uc131\"\uc744 \ud655\ub9bd\ud574\uc57c\ub9cc \uc9c0\uc18d \uac00\ub2a5\ud55c \ucc38\uc5ec\uc640 \uc704\ud5d8 \ud1b5\uc81c\uac00 \ub2ec\uc131\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":7981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[122],"tags":[320,321,319],"class_list":["post-7980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorial","tag-320","tag-321","tag-319"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/7980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/comments?post=7980"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/7980\/revisions"}],"predecessor-version":[{"id":7983,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/7980\/revisions\/7983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media\/7981"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media?parent=7980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/categories?post=7980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/tags?post=7980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}