diff --git a/frontend/src/components/PaperTradingPage.tsx b/frontend/src/components/PaperTradingPage.tsx
index 871e9b3..f21db25 100644
--- a/frontend/src/components/PaperTradingPage.tsx
+++ b/frontend/src/components/PaperTradingPage.tsx
@@ -237,11 +237,11 @@ const PaperTradingPage: React.FC<Props> = ({
   return (
     <BuilderPageShell
       theme={theme}
-      title="모의투자"
-      subtitle="Paper Trading"
+      title="투자관리"
+      subtitle="Investment Management"
       pageClassName="bps-page--vtd bps-page--ptd"
       loading={initialLoading}
-      loadingText="모의투자 대시보드 로딩…"
+      loadingText="투자관리 대시보드 로딩…"
       collapsiblePanels
       leftStorageKey="ptd-left-width"
       leftDefaultWidth={380}
diff --git a/frontend/src/components/TopMenuBar.tsx b/frontend/src/components/TopMenuBar.tsx
index 6c4a53a..0541b57 100644
--- a/frontend/src/components/TopMenuBar.tsx
+++ b/frontend/src/components/TopMenuBar.tsx
@@ -166,7 +166,7 @@ const IcVerificationBoard = () => (
 const MENU_ITEMS: { page: MenuPage; label: string; icon: React.ReactNode }[] = [
   { page: 'dashboard', label: '대시보드',   icon: <IcDashboard /> },
   { page: 'chart',     label: '실시간차트', icon: <IcChart />     },
-  { page: 'paper',     label: '모의투자',   icon: <IcPaper />     },
+  { page: 'paper',     label: '투자관리',   icon: <IcPaper />     },
   { page: 'virtual',   label: '가상매매',   icon: <IcVirtual />   },
   { page: 'trend-search', label: '추세검색', icon: <IcTrendSearch /> },
   { page: 'strategy-editor', label: '전략편집기', icon: <IcStrategyEditor /> },
diff --git a/frontend/src/utils/appNavigationPaths.ts b/frontend/src/utils/appNavigationPaths.ts
index 84fd047..6c50a1b 100644
--- a/frontend/src/utils/appNavigationPaths.ts
+++ b/frontend/src/utils/appNavigationPaths.ts
@@ -20,8 +20,8 @@ export const APP_NAVIGATION_PATHS: AppNavigationPathEntry[] = [
   // ── 상단 메뉴 ──
   P('메뉴-대시보드', 'dashboard', '홈'),
   P('메뉴-실시간 차트', 'chart', '실시간차트', '캔들', '차트'),
-  P('메뉴-모의투자', 'paper', '모의투자', '투자금', '페이퍼'),
-  P('메뉴-모의투자-투자금 관리', 'paper', 'allocation', '한도', 'KPI'),
+  P('메뉴-투자관리', 'paper', '투자관리', '투자금', '페이퍼'),
+  P('메뉴-투자관리-투자금 관리', 'paper', 'allocation', '한도', 'KPI'),
   P('메뉴-가상매매', 'virtual', '가상', '가상매매'),
   P('메뉴-추세검색', 'trend', '추세', '검색'),
   P('메뉴-검증게시판', 'verification', 'QA', '이슈', '검증'),
diff --git a/frontend/src/utils/permissions.ts b/frontend/src/utils/permissions.ts
index 6e87d69..453dbd3 100644
--- a/frontend/src/utils/permissions.ts
+++ b/frontend/src/utils/permissions.ts
@@ -30,7 +30,7 @@ export type MenuPermissionId = typeof ALL_MENU_IDS[number];
 export const MENU_LABELS: Record<string, string> = {
   dashboard: '대시보드',
   chart: '실시간차트',
-  paper: '모의투자',
+  paper: '투자관리',
   virtual: '가상매매',
   'trend-search': '추세검색',
   'verification-board': '검증게시판',