[증권사 금리 압박]⑦ 한투증권, 조달 구조 속 금리 민감도 확대

Korea Investment & Securities' heavy reliance on issued bills for short-term funding significantly amplifies its vulnerability to interest rate fluctuations, making margin spread management a critical determinant of profitability. This situation highlights a broader industry trend where financial institutions must overhaul their risk management frameworks as persistent macro-uncertainty delays anticipated global rate cuts.