{"id":1276,"date":"2020-03-04T12:17:34","date_gmt":"2020-03-04T03:17:34","guid":{"rendered":"https:\/\/bcgblog.kr\/?p=1276"},"modified":"2020-06-09T17:05:30","modified_gmt":"2020-06-09T08:05:30","slug":"next-leadership-agenda-for-private-equity","status":"publish","type":"post","link":"https:\/\/bcgblog.kr\/next-leadership-agenda-for-private-equity\/","title":{"rendered":"\uc0ac\ubaa8\ud380\ub4dc \uacbd\uc601\uc9c4\uc758 \ud5a5\ud6c4 10\ub144 \uc758\uc81c"},"content":{"rendered":"

\uc0ac\ubaa8\ud380\ub4dc(Private Equity, PE)\ub294 \uc9c0\ub09c \uc218\uc2ed\ub144 \ub3d9\uc548 \u2018\ubbf8\ub2e4\uc2a4\uc758 \uc190\u2019\uc774\uc5c8\ub2e4. \uc0ac\ubaa8\ud380\ub4dc\uac00 \uc190 \ub304 \uac70\uc758 \ubaa8\ub4e0 \uac83\uc740 \ud669\uae08\uc774 \ub410\ub2e4. \uc6b4\uc6a9 \uc790\uc0b0(AuM)\uacfc \ucd9c\uc790\uc57d\uc815\uc561 \uc218\uc900\uc740 \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d \uc911\uc774\uba70, \uacbd\uae30 \ub454\ud654\uc5d0 \ub300\ud55c \uc6b0\ub824\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc5c5\uacc4 \ud3c9\uade0 \ub0b4\ubd80 \uc218\uc775\ub960\uc740 S&P500\uc744 \ud06c\uac8c \ub2a5\uac00\ud560 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\n

\uc55e\uc73c\ub85c \uc218\ub144\uac04\uc740 PE\uc758 \uc131\uc7a5\uac00\ub3c4\uc5d0\ub294 \uae08\ube5b\uc774 \ub354\ud574\uc9c8 \uac83\uc774\ub2e4. \uc5b4\uca0c\ub4e0, \uc9c0\ub09c \uc2dc\uac04 \uc5c5\uacc4\uc758 \uc131\uacf5\uc5d0 \uae30\uc5ec\ud55c \ud798\uc740 \ub354\uc6b1 \uac15\ud574\uc84c\ub2e4. \uacbd\uc81c \uaddc\ubaa8\uac00 \uc791\uc740 \uad6d\uac00\uc758 \uad6d\ub0b4 \ucd1d\uc0dd\uc0b0\uc744 \ub118\uc5b4\uc11c\ub294 \uaddc\ubaa8\ub85c \uc131\uc7a5\ud55c \ud380\ub4dc, \uc6b0\ub7c9\ud55c \uc2dc\uc7a5 \uc218\uc775, \uc790\ubcf8\uc758 \ucd95\uc801\uc740 \uc131\uc7a5\uc758 \ucd09\ub9e4\uc81c\ub85c\uc11c PE\ub97c \ub180\ub77c\uc6b4 \uc131\uc7a5 \uada4\ub3c4\uc5d0 \uc62c\ub824\ub1a8\ub2e4. PE\uac00 \uc5ec\ub7ec \uae08\uc735 \ubc0f \uc0c1\uc5c5 \uc0dd\ud0dc\uacc4\uc758 \uc911\uc2ec\uc5d0\uc11c \uc6b4\uc601\ub418\uace0, \ud3ed\uacfc \uae4a\uc774\uc5d0\uc11c \ub2e4\ub978 \ub77c\uc774\ubc8c \uc0c1\uc7a5 \uae30\uc5c5\uacfc \uaca8\ub8f0 \uc218 \uc788\uc744 \uac83\uc774\ub77c \uc5ec\uaca8\uc9c4\uc9c0\ub294 \uc544\uc9c1 \ucc44 10\ub144\ub3c4 \ub418\uc9c0 \uc54a\uc558\ub2e4.<\/p>\n

\uc774\ub7ec\ud55c \uad00\uce21\uc740 PE\uc758 \uac15\ub825\ud568\uc5d0 \uc9c1\uc811 \uc601\ud5a5\uc744 \ubc1b\uc740 \ud2b8\ub80c\ub4dc\uc5d0 \ub300\ud55c \uac83\uc774 \uc544\ub2c8\ub77c\uba74 \uacfc\uc7a5\ub41c \uac83\ucc98\ub7fc \ubcf4\uc77c \uc218 \uc788\ub2e4. \uc5ec\uae30\uc5d0\ub294 \ub300\ub2f4\ud55c \ubca0\ud305\uc744 \ud558\uace0\uc790 \ud558\ub294 \uc0ac\ub78c\ub4e4\uc774 \uc6b0\uc704\ub97c \uc810\ud558\ub294 \ube44\uc988\ub2c8\uc2a4 \ud658\uacbd \ub0b4\uc5d0\uc11c\uc758 \ubcc0\ud654, \ud544\uc694\ud55c \ud22c\uc790\ub97c \uc720\uce58\ud558\uace0 \uc720\uc9c0\ud560 \uc218 \uc788\ub294 \uc0ac\ub78c\ub4e4\uc5d0\uac8c \uc720\ub9ac\ud55c \ub514\uc9c0\ud138\ud654\uc640 \uac19\uc740 \uac00\uce58 \ucc3d\ucd9c \ub808\ubc84\ub9ac\uc9c0, \uc778\uc811\ud55c \uc5ec\ub7ec \uc0ac\uc5c5 \ubd84\uc57c, \uc9c0\uc5ed, \uacb0\uc815 \uc0ac\ud56d\uc5d0\uc11c \ud1b5\ud558\ub294 \ud1b5\ucc30\ub825\uc744 \uac00\uc838\uc62c \uc218 \uc788\ub294 \ud655\uc7a5 \ud6a8\uacfc \ub4f1\uc774 \ud3ec\ud568\ub41c\ub2e4. PE\ub294 \uc774\ub7ec\ud55c \ub9ce\uc740 \ud798\uc758 \uad50\ucc28\uc810\uc5d0 \uc788\ub2e4. PE\ub294 \uc0b0\uc5c5 \uc804\ubc18\uc758 \uc8fc\uc694 \ud22c\uc790\uc790\uc774\uc790 \ubcf4\ub2e4 \uae34 \ud22c\uc790 \uae30\uac04\uc744 \uacc4\ud68d\ud558\uace0 \uc870\uc5b8\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uc744 \ubcf4\uc720\ud55c \uae30\uc5c5\uc774\ub2e4. \ubcc0\ud654\uc758 \uc694\uc778\uc774\uc790 \uc7a5\uae30\uc801 \ubc1c\uc804\uc758 \uc6d0\ub3d9\ub825\uc774 \ub420 \uc218 \uc788\ub294 \uc790\uc6d0\uacfc \uc601\ud5a5\ub825\uc744 \ud65c\uc6a9\ud560 \uc218 \uc788\ub294 \uae30\ud68c\ub97c \uc81c\uacf5\ud55c\ub2e4.<\/p>\n

\uadf8\ub7ec\ub098 PE\uac00 \ud5a5\ud6c4 \uba87 \ub144\uac04\uc758 \uc131\uc7a5 \uc7a0\uc7ac\ub825\uc744 \uce90\ub0b4\ub824\uba74 \uae30\uc874 \ube44\uc988\ub2c8\uc2a4 \ubc0f \uc6b4\uc601 \ubaa8\ub378\uc758 \ud575\uc2ec\uc744 \uc804\ud658\ud558\ub294 \ubc29\uc2dd\uc73c\ub85c \ubcc0\ud654\ud574\uc57c \ud55c\ub2e4. \uacfc\uac70\uc758 \uc131\uacf5 \ubc29\uc815\uc2dd\uc740 \ubbf8\ub798\uc758 \ubb38\uc81c\ub97c \ud480 \uc218 \uc5c6\ub2e4. \uc55e\uc73c\ub85c \ub098\uc544\uac00 \uae08\uc744 \uce90\uac70\ub098, \uc8fc\uc800\uc549\uc544\uc11c \ud3d0\ud488\uc774\ub098 \uc90d\uac70\ub098\ub2e4. \ub2e4\uac00\uc624\ub294 10\ub144, \uc2b9\ub9ac\uc790\ub85c\uc11c \uc0b4\uc544\uac00\ub824\uba74 \uc804\ud1b5\uc801\uc778 \uc804\ub7b5 \uc218\ub9bd, \uac70\ub798 \uacb0\uc815, \uad00\ub9ac \uc811\uadfc \ubc29\uc2dd\uc744 \uc7ac\uace0\ud574 \uc0c8\ub85c\uc6b4 \ub9ac\ub354\uc2ed \uc758\uc81c\ub97c \ub9cc\ub4e4\uc5b4\uc57c \ud55c\ub2e4.<\/p>\n

\ubcc0\uace1\uc810\uc5d0<\/strong> \uc120<\/strong> \uc0ac\ubaa8\ud380\ub4dc<\/strong><\/h3>\n

\ud604\ub300 PE \uc0b0\uc5c5\uc740 \uc815\ud06c \ubcf8\ub4dc\uc640 \ub808\ubc84\ub9ac\uc9c0 \ubc14\uc774\uc544\uc6c3(LBO)\uc774\ub77c\ub294 \uc61b \uc2dc\uc808 \ubaa8\ub378\uacfc\ub294 \uac70\ub9ac\uac00 \uba40\ub2e4. 1980 \ub144\uc5d0\ub294 \uc18c\uc218 \ud68c\uc0ac\ub9cc \uc874\uc7ac\ud588\uace0, \uadf8 \uc5b4\ub5a4 PE\ub3c4 \uadf8\ub9ac \uc720\uba85\ud558\uc9c0 \uc54a\uc558\uc73c\uba70, PE\uc758 \uc601\uc5c5 \ubc29\uc2dd\uc744 \uc774\ud574\ud558\ub294 \uc0ac\ub78c\uc740 \uac70\uc758 \uc5c6\uc5c8\ub2e4. \uc9c0\uae08\uc740 \ub2e4\ub974\ub2e4. 40\ub144\ucbe4 \uc9c0\ub09c \ud604\uc7ac, \uae08\uc735 \uc5c5\uacc4\uc758 \uc560\ub9e4\ud55c \uad6c\uc11d\uc790\ub9ac\uc5d0 \uc788\ub358 PE\ub294 4\uc870 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uae00\ub85c\ubc8c \ubd80\ubb38\uc774\uc790 \uc790\ubcf8 \ud615\uc131\uc758 \uc8fc\uc694 \uc6d0\ucc9c\uc774 \ub410\ub2e4. \uc804\ud1b5\uc801\uc778 \ubc14\uc774\uc544\uc6c3\ubd80\ud130 \ub300\uccb4 \uc790\uc0b0 \uad00\ub9ac\uc5d0 \uc774\ub974\uae30\uae4c\uc9c0 \ub2e4\uc591\ud55c \uc0c1\ud488\uc744 \uc81c\uacf5\ud55c\ub2e4. (\uadf8\ub9bc \ucc38\uc870)<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\ucd95\ud558\ud560 \ub9cc\ud55c \uc131\uacf5\uc774\ub2e4. \uadf8\ub7ec\ub098 \uc9c0\uae08 \uc5c5\uacc4\uac00 \uac70\ub454 \uc131\uacf5\uc740 \ud5a5\ud6c4 10\ub144\uac04 \uc190\uc5d0 \ub123\uc744 \uc131\uacf5\uc5d0 \ube44\ud558\uba74, \ud574\uc218\uc695\uc7a5\uc758 \ubaa8\ub798 \ud55c \uc90c \uc218\uc900\uc774\ub2e4. PE\ub294 \ud604\uc7ac \uc804 \uc138\uacc4 \ucd1d \uc6b4\uc6a9\uc790\uc0b0\uc758 5 % \ubbf8\ub9cc, \ucd1d \ud22c\uc790 \uac00\ub2a5\ud55c \uc790\ubcf8\uc758 2 % \ubbf8\ub9cc\uc744 \ucc28\uc9c0\ud55c\ub2e4. \uc131\uc7a5\ud560 \uc5ec\uc9c0\uac00 \ucda9\ubd84\ud55c\ub370\ub2e4, \uc5ec\ub7ec \uc694\uc18c\uc758 \uc870\ud569\uc740 \uc8fc\uc694 PE\uc5d0\uac8c \ud070 \uc131\uc7a5 \uae30\ud68c\ub97c \uc81c\uacf5\ud55c\ub2e4.<\/p>\n

\uccab\uc9f8, PE\uc5c5\uacc4\ub294 \uc804\ub840 \uc5c6\ub294 \uc18d\ub3c4\ub85c \uc790\ubcf8\uc744 \ucd95\uc801\ud558\uace0 \uc788\ub2e4. PE\ub294 \uc9c0\ub09c 3 \ub144 \ub3d9\uc548 1\uc870 \ub2ec\ub7ec \uc774\uc0c1\uc744 \ubaa8\uc558\uc73c\uba70, \uc6b4\uc6a9 \uc790\uc0b0\uc740 \ub2e4\ub978 \uc0ac\uc801 \uc790\ubcf8 \uc2dc\uc7a5\uc758 \ub450 \ubc30 \uaddc\ubaa8\ub85c \uc131\uc7a5 \uc911\uc774\ub2e4. \uc720\ub3d9\uc131\uc774 \ud06c\uace0 \ub300\ubd80\ubd84\uc758 \ub2e4\ub978 \uc790\uc0b0 \ud22c\uc790\ubcf4\ub2e4 \uc2e4\uc801\uc774 \uc6b0\uc218\ud558\uae30\uc5d0, PE\ub294 \uc120\ubb3c \uac00\uaca9 \uc218\uc775 \ubd84\uc11d\uc5d0 \ub530\ub77c \uc804\ud1b5\uc801\uc778 \uc790\uc0b0 \uad00\ub9ac\uc0ac\uc5d0 \ube44\ud574 \ub354 \ub192\uc740 \uac00\uce58\ub97c \uc778\uc815\ubc1b\ub294\ub2e4.<\/p>\n

\ub458\uc9f8, \uc790\uae08 \uaddc\ubaa8\uac00 \ucee4\uc9d0\uc5d0 \ub530\ub77c PE\ub294 \uacbd\uc81c\uc758 \uc8fc\uc694 \ubd80\ubb38\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uace0 \uc788\ub2e4. \uac01\uac01 \uc6b4\uc6a9\uc790\uc0b0\uc774 100 \uc5b5 \ub2ec\ub7ec\uac00 \ub118\ub294 \u201c\uba54\uac00\ud380\ub4dc(Megafund)\u201d\ub294 2010 \ub144 \uc774\ud6c4 50\uac1c \ub118\uac8c \uc0dd\uae30\uba74\uc11c PE \uc2dc\uc7a5\uc758 \uc0c1\uc218\uac00 \ub410\ub2e4. \ucd5c\uadfc \uba87 \ub144 \ub3d9\uc548 \uc774 \uc790\uae08\uc740 \ud6e8\uc52c \ub354 \uaddc\ubaa8\uac00 \ucee4\uc84c\ub2e4. 2017 \ub144 \uc544\ud3f4\ub85c(Apollo)\ub294 \ucd1d 246\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ubc14\uc774\uc544\uc6c3\uae30\uad6c\ub97c \ucd9c\uc2dc\ud574 \ud22c\uc790\uc790 \uc138\uacc4\ub97c \ub180\ub77c\uac8c \ud588\ub2e4. \ube14\ub799\uc2a4\ud1a4(Blackstone)\uc740 2019\ub144 9\uc6d4 \ud50c\ub798\uadf8\uc2ed \ubc14\uc774\uc544\uc6c3 \ud380\ub4dc\ub85c 260\uc5b5 \ub2ec\ub7ec\ub97c \ubaa8\uae08\ud588\ub2e4\uace0 \ubc1c\ud45c\ud574 \uc5c5\uacc4\ub97c \ud604\uae30\uc99d \ub098\uac8c \ub9cc\ub4e4\uc5c8\ub2e4.<\/p>\n

\uc14b\uc9f8, \ub2e8\uae30 \uc774\uc775 \uc555\ubc15\uacfc \uc8fc\uac00 \ubcc0\ub3d9\uc131\uc73c\ub85c \uc778\ud574 \uacf5\ubaa8 \uc2dc\uc7a5\uc758 \uc77c\ubd80 \uae30\uc5c5\uacfc \uc790\ubcf8\uac00\ub4e4\uc740 PE\uc5d0 \uc720\ub9ac\ud55c \ubc29\ud5a5\uc73c\ub85c \uc0ac\uc5c5 \ubc0f \ud22c\uc790 \uc2ec\ub9ac\ub97c \ubc14\uafb8\uace0 \uc788\ub2e4. IPO \uc8fc\uc2dd\uc758 \uce68\uccb4 \ubc0f \uc704\uc6cc\ud06c(WeWork),\u00a0 \uc5d4\ub370\ubc84(Endeavour)\ub97c \ud3ec\ud568\ud55c \uc5ec\ub7ec \uc720\uba85 \uae30\uc5c5\uc758 IPO \uc5f0\uae30\ub85c \uacf5\uac1c \uc2dc\uc7a5\uc5d0\uc11c \ud504\ub77c\uc774\ube57 \uc2dc\uc7a5\uc73c\ub85c\uc758 \uc804\ud658 \ubaa8\uba58\ud140\uc774 \ud798\uc744 \uc5bb\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

\ub9c8\uc9c0\ub9c9\uc73c\ub85c, \ubc1d\uc9c0 \uc54a\uc740 \ub2e8\uae30 \uacbd\uc81c \uc804\ub9dd\uc740 \uc77c\ubd80 \uae30\uc5c5\uc5d0\uac8c\ub294 \uc88b\uc9c0 \uc54a\uc740 \uc18c\uc2dd\uc774\uaca0\uc9c0\ub9cc, PE\uc5d0\uac8c\ub294 \uc720\ub9ac\ud558\uac8c \uc791\uc6a9\ud560 \uc218 \uc788\ub2e4. \uc2e4\uc801\uc774 \uc800\uc870\ud55c \ud68c\uc0ac\uac00 \ub300\ucc28\ub300\uc870\ud45c\ub97c \ub9de\ucd94\uae30 \uc704\ud574 \uc8fc\uc758\ub97c \uae30\uc6b8\uc774\uace0 \uc790\uc6d0\uc744 \uc9d1\uc911\ud574\uc57c \ud558\ubbc0\ub85c, \uc88b\uc740 \uc704\uce58\uc5d0 \uc788\ub294 PE \uc640 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud68c\uc0ac\ub294 \uc774 \ud2c8\uc744 \uc774\uc6a9\ud574 \ub9c8\ucf13 \ud3ec\uc9c0\uc158\uc744 \u200b\u200b\uac1c\uc120\ud558\uace0 \uc0c8\ub85c\uc6b4 \ud22c\uc790\ub97c \ubc1b\uc544 \ube44\uc988\ub2c8\uc2a4 \ubc0f \uc6b4\uc601 \ubaa8\ub378 \uac1c\uc120\uc744 \uac00\uc18d\ud654\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\ud070<\/strong> \uc218\uc775\uc5d0\ub294<\/strong> \ub2f4\ub300\ud55c<\/strong> \ubcc0\ud654\uac00<\/strong> \ud544\uc694\ud558\ub2e4<\/strong><\/h3>\n

PE\ub294 2030\ub144\uae4c\uc9c0 \ube44\uc988\ub2c8\uc2a4 \ubc0f \uae08\uc735 \uc2dc\uc7a5\uc5d0\uc11c \uae30\uc874 \uae30\uc5c5\uacfc \uad6c\ubcc4\ub418\ub294 \ub3d9\uc2dc\uc5d0 \uadf8\ubcf4\ub2e4 \ub354 \uac15\ub825\ud55c \uc704\uce58\uc5d0 \uc790\ub9ac\ud560 \uac83\uc774\ub77c\ub294 \ud3c9\uc744 \ub4e3\ub294\ub2e4. PE\ub4e4\uc740 \uadf8 \uc131\uc7a5 \uae30\ud68c\ub97c \ud3ec\ucc29\ud558\ub824\uba74 \uc774\uc804\ubcf4\ub2e4 \ud6e8\uc52c \ub354 \uc5f4\uc2ec\ud788 \ub178\ub825\ud574\uc57c \ud560 \uac83\uc774\ub2e4. \ub610\ud55c \ub354 \ub113\uc740 \ube44\uc988\ub2c8\uc2a4 \ud658\uacbd\uc744 \uc9c0\ubc30\ud558\ub294 \ud798\uc740 \uc2b9\ub9ac\ud558\ub294 \ub370 \ud544\uc694\ud55c \uc694\uc18c\ub97c \ubcc0\ud654\uc2dc\ud0ac \uac83\uc774\ub2e4. PE \uacbd\uc601\uc9c4\uc740 \uc9c0\uae08\uc758 \ube44\uc988\ub2c8\uc2a4 \uad00\ud589\uacfc \uc6b4\uc601 \uad6c\uc870\ub97c \uc0ac\uc6a9\ud574 \uc131\uacf5\uc744 \ud76c\ub9dd\ud574\uc120 \uc548 \ub41c\ub2e4.<\/p>\n

10 \ub144 \ub3d9\uc548 \uc6b4\uc6a9\uc790\uc0b0 \uaddc\ubaa8\uac00 5\ubc30 \ub298\uc5b4\ub09c\ub2e4\uba74, \uae30\uc874 PE \ubaa8\ub378\uc740 \uc5c4\uccad\ub09c \uc555\ub825\uc744 \ubc1b\uac8c \ub41c\ub2e4. \uc790\ubcf8\uc774 \ub118\uccd0\ud750\ub974\uae30 \ub54c\ubb38\uc5d0, PE\ub4e4\uc740 \ud22c\uc790\uc790\ub4e4\uc774 \uae30\ub300\ud558\ub294 \uac15\ub825\ud55c \uc218\uc775\uacfc \uc131\uacfc\ub97c \uc81c\uacf5\ud558\ub824\uba74 \ub2e4\ub978 \ubc29\uc2dd\uc73c\ub85c \ub178\ub825\ud574\uc57c \ud55c\ub2e4. \uc9c0\uc18d\uc801\uc778 \uacbd\uc81c, \uc9c0\uc815\ud559\uc801, \uc2dc\uc7a5 \ubd88\ud655\uc2e4\uc131 \uc18d\uc5d0\uc11c \uc218\uc775\ub960\uc744 \ub192\uc774\ub824\uba74 \uacbd\uc601\uc9c4\uc740 \uc0c8\ub85c\uc6b4 \ubc29\uc2dd\uc73c\ub85c \uc0dd\uac01\ud558\uace0 \uacc4\ud68d\ud558\uace0 \ud22c\uc790\ud574\uc57c \ud55c\ub2e4. \uac00\uce58\uc5d0 \uc911\uc2ec\uc744 \ub450\uace0, \ub514\uc9c0\ud138\ud654\ub97c \ucd94\uc9c4\ud558\uace0, PE \uc790\uccb4\uc640 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uae30\uc5c5\uc758 \uc6b4\uc601\uad6c\uc870\ub97c \ubc1c\uc804\uc2dc\ud0a4\uae30 \uc704\ud574 \ub178\ub825\uc744 \uc3df\ub294 \ubc29\ud5a5\uc73c\ub85c \ub9d0\uc774\ub2e4.<\/p>\n

\u201cPE\ub294 2030\ub144\uae4c\uc9c0\ube44\uc988\ub2c8\uc2a4\ubc0f\uae08\uc735\uc2dc\uc7a5\uc5d0\uc11c\uae30\uc874\uae30\uc5c5\uacfc\uad6c\ubcc4\ub418\ub294\ub3d9\uc2dc\uc5d0\uadf8\ubcf4\ub2e4\ub354\uac15\ub825\ud55c\uc704\uce58\uc5d0\uc790\ub9ac\ud560\uc7a0\uc7ac\ub825\uc744\uac00\uc9c0\uace0\uc788\ub2e4.\u201d<\/span><\/p><\/blockquote>\n

\ubb3c\uc774 \ub4e4\uc5b4\uc640\ub3c4 \ub178\ub97c \uc813\uc9c0 \uc54a\ub294 \ubc30\ub294 \ub098\uc544\uac00\uc9c0 \ubabb\ud55c\ub2e4. PE \uc5c5\uacc4\ub294 \ub354 \ud48d\ubd80\ud574\uc9c4 \uc790\uae08\uacfc \ud2c8\uc0c8 \ubd84\uc57c \uc804\ubb38\uac00\ub4e4 \uc0ac\uc774\uc5d0\uc11c \ud070 \ubd84\uae30\uc810\uc744 \ub9de\uc774\ud558\uac8c \ub420 \uac83\uc774\ub2e4. 2000\ub144\ub300 \uc774\ud6c4 \ucd5c\uace0 \uc218\uc900\uc758 PE \ud68c\uc0ac\uc758 \ub0b4\ubd80\uc218\uc775\ub960(IRR)\uc740 \uc2dc\uc7a5 \uc911\uc704 \ud50c\ub808\uc774\uc5b4\ubcf4\ub2e4 7.5\ud3ec\uc778\ud2b8 \ub192\uac70\ub098 60 % \ub354 \ub192\uc558\ub2e4. \uc774 \uc2a4\ud504\ub808\ub4dc\ub294 \uacc4\uc18d \uc99d\uac00\ud560 \uac83\uc774\ub2e4. \ub610\ud55c, \ub300\ubd80\ubd84\uc758 \uae30\uc5c5 \uc6b4\uc601 \ubaa8\ub378\uc740 \ud55c\ud3b8\uc73c\ub85c\ub294 \uaddc\ubaa8\ub97c \ub2ec\uc131\ud560 \ud544\uc694\uc131\uc744 \uc694\uad6c\ud558\ub294 \ub3d9\uc2dc\uc5d0, \ub2e4\ub978 \ud55c\ud3b8\uc73c\ub85c\ub294 \ub2e4\uac01\ud654\ub97c \uc694\uad6c\ud560 \uac83\uc774\ub2e4. \ubcc0\ud654\uc758 \uc18d\ub3c4\ub97c \uac10\uc548\ud560 \ub54c, \ub354 \uc774\uc0c1 \ud2b9\uc815 \uae30\ub2a5\uc758 \ud5a5\uc0c1\uc774\ub098 \uac1c\uc120\uc740 \ucda9\ubd84\ud558\uc9c0 \uc54a\uc740 \uc218\uc900\uc774 \ub410\ub2e4. PE\ub294 \uc790\uccb4 \uc870\uc9c1\uacfc \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud68c\uc0ac \u200b\u200b\uc804\uccb4\uc5d0\uc11c \uc911\uc694\ud55c \uae30\ub2a5\uc744 \uad6c\ucd95\ud558\uae30 \uc704\ud574 \ub300\uaddc\ubaa8 \uc5c5\uc2a4\ud0ac\ub9c1\uacfc \ub9ac\uc2a4\ud0ac\ub9c1\uc744 \ubcd1\ub82c\ub85c \ub808\ubc84\ub9ac\uc9c0 \ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uc744 \uac1c\ubc1c\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\uae30\uc220\uc740 \uacc4\uc18d \ubc1c\uc804\ud558\uace0 \uc788\ub2e4. \uc2dc\uac04\uc740 \ub3c8\uc774\ub2e4. \ub3c8\uc744 \ubc8c\ub824\uba74 PE \uc790\uc2e0\uacfc \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud68c\uc0ac\uac00 \ub514\uc9c0\ud138 \ubd84\uc57c \ub9ac\ub354\ub97c \ub530\ub77c\uc7a1\uc544 \uc815\ubcf4\ub97c \ud65c\uc6a9\ud560 \uc218 \uc788\ub294 \ub3c4\uad6c\uc640 \uae30\ub2a5\uc744 \ud655\ubcf4\ud574\uc57c \ud55c\ub2e4. PE\ub294 \uc790\uc2e0\uc774 \ubb34\uc5c7\uc774 \ub418\uace0 \uc790\ud558\ub294\uc9c0\ub97c \ud30c\uc545\ud55c \ud6c4, \ud544\uc694\ud55c \uae30\uc220\uc744 \uc720\uce58\ud558\uace0 \uad00\ub9ac\ud558\ub294 \ubc29\ubc95\uc5d0 \ub300\ud574 \ub354 \uae4a\uc774, \ucc3d\uc758\uc801\uc73c\ub85c \uc0dd\uac01\ud574\uc57c \ud55c\ub2e4. “\uc9c0\ub8e8\ud55c \uc790\uc0b0 \uad00\ub9ac\uc0ac”\uac00 \ub41c \uac83\uc5d0 \ub9cc\uc871\ud558\uace0 \uc788\ub294\uac00? \uc544\ub2c8\uba74, \ucd08\uae30 \uc131\uacf5\uc744 \uac00\uc838\uc628 \ub611\ub611\ud558\uace0 \uacbd\uc7c1\uc801\uc778 \uc5d0\ub108\uc9c0\ub97c \uc7a1\uc544\ub0b4\uace0 \ud655\uc7a5\ud560 \uac83\uc778\uac00? \ud658\uacbd, \uc0ac\ud68c \ubc0f \uac70\ubc84\ub10c\uc2a4(ESG) \uae30\ub300 \uc218\uc900 \uc0c1\uc2b9\uc5d0 \ub9de\ub294 \ubc29\uc2dd\uc73c\ub85c \uc774\ub97c \uc2e4\ud604\ud560 \uc218 \uc788\ub294\uac00?<\/p>\n

2020\ub144\ub300\ub294 \ub9c9 \uc2dc\uc791\ub410\ub2e4. \uac00\uc7a5 \ub9e4\ub825\uc801\uc778 \uae30\ud68c\ub294 \ub208\uc744 \ud06c\uac8c \ub728\uace0 \uc55e\uc73c\ub85c \uc2ed\ub144\uc744 \uc2dc\uc791\ud558\ub294 \ud50c\ub808\uc774\uc5b4\uc5d0\uac8c \uac08 \uac83\uc785\ub2c8\ub2e4. BCG\ub294 \uc131\uacf5\uc774 \ub2e4\uc74c 5\uac00\uc9c0 \ud589\ub3d9\uc744 \ucde8\ud558\ub294 \ub370 \ub2ec\ub824 \uc788\ub2e4\uace0 \uc0dd\uac01\ud55c\ub2e4.<\/p>\n

1. <\/strong>\ucc28\ubcc4\ud654\ub41c<\/strong> \uc2dc\uc7a5<\/strong> \uc811\uadfc<\/strong> \uc804\ub7b5<\/strong> \uc218\ub9bd<\/strong><\/h4>\n

\uc55e\uc73c\ub85c 10 \ub144\uac04 \ub51c\uc744 \ub530\uae30 \uc704\ud55c \uacbd\uc7c1\uc740 \uc2ec\ud654\ub420 \uac83\uc774\ub2e4. \uacfc\uac70\uc758 \uacbd\ud5d8\uc744 \ub530\ub978\ub2e4\uba74, \ub9ce\uc740 \uae30\uc5c5\ub4e4\uc774 \ub192\uc740 \uac70\ub798 \ubc30\uc218\uc640 \ub808\ubc84\ub9ac\uc9c0\ub97c \ud1b5\ud574 \uc218\uc775\uc744 \uc99d\ub300\uc2dc\ucf1c\uc57c \ud55c\ub2e4\ub294 \uc555\ubc15\uc5d0 \uc9c1\uba74\ud558\uac8c \ub420 \uac83\uc774\ub2e4. \uc18c\ud504\ud2b8\ubc45\ud06c(SoftBank)\uc640 \uac19\uc740 \uba54\uac00 \ud380\ub4dc, \ub300\uaddc\ubaa8 \uad6d\ubd80 \ubc0f \uc5f0\uae08 \uae30\uae08, \uadf8\ub9ac\uace0 \uce7c\ub77c\uc77c(Carlyle) \ubc0f \ube14\ub799\uc2a4\ud1a4(Blackstone)\uacfc \uac19\uc740 \uc77c\ubd80 PE \ud380\ub4dc\uac00 \uc2dc\uc7a5\uc758 \uc9c0\ud3c9\uc744 \ubc14\uafb8\ub294 \uaddc\ubaa8\uc758 \uc790\ubcf8\uc744 \uc870\ub2ec\ud568\uc5d0 \ub530\ub77c \uc804\ub7b5\uc801 \uacc4\uce35\ud654\ub294 \ub354 \ud06c\uac8c \ubc8c\uc5b4\uc9c8 \uac83\uc774\ub2e4. \ub300\ud615 PE\ub294 \uc810\uc810 \ucee4\uc9c8 \uac83\uc774\uace0, \ub2e4\ub978 PE\uc640\uc758 \uaca9\ucc28\ub294 \ub354\uc6b1 \ucee4\uc9c8 \uac83\uc774\ub2e4. \uc18c\uaddc\ubaa8 PE\ub294 \uc5b4\uca54 \uc218 \uc5c6\uc774 \uc804\ubb38\ud654\ub3fc\uc57c \ud55c\ub2e4.<\/p>\n

\uc131\uc7a5\uc138\ub97c \uc9c0\ucf1c\ub0b4\ub824\uba74, PE \uacbd\uc601\uc9c4\uc740 \ub9c8\ucf13 \ud3ec\uc9c0\uc158\uacfc \uc804\ub9dd\uc744 \uc815\uc9c1\ud558\uac8c \ud3c9\uac00\ud558\uace0, \uba85\ud655\ud558\uace0 \ucc28\ubcc4\ud654\ub41c \uc2dc\uc7a5 \uc811\uadfc \uc804\ub7b5\uc744 \uac1c\ubc1c\ud574\uc57c \ud55c\ub2e4. \ub300\ud615 \ud380\ub4dc\uc758 \uacbd\uc6b0, \uc804\ub7b5\uc740 \uc0b0\uc5c5 \ubd84\uc57c\ub9cc \uc544\ub2c8\ub77c \uc9c0\uc5ed \ubc0f \uc790\uc0b0 \ub4f1\uae09\uc5d0 \ub300\ud55c \uc2ec\ub3c4 \uae4a\uc740 \ub2e4\uac01\ud654\ub97c \ud3ec\ud568\ud574\uc57c \ud55c\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ube14\ub799\uc2a4\ud1a4(Blackstone)\uc740 \uc9c0\ub09c 5\ub144 \ub3d9\uc548 \uc0c8\ub85c\uc6b4 \ubd80\ub3d9\uc0b0 \ubc0f \ub300\ucd9c \ud380\ub4dc\ub97c \ucd94\uac00\ud558\uace0 \uc0c8\ub85c\uc6b4 \uc9c0\uc5ed\uc5d0 \uc9c4\uc785\ud588\ub2e4. \ub354 \ub113\uc740 \uc601\uc5ed\uc5d0 \uc9c4\ucd9c\ud568\uc5d0 \ub530\ub77c \ube14\ub799\uc2a4\ud1a4\uc740 \uc790\uc0b0\ud300 \uc804\uccb4\uc5d0 \ub300\ud55c \ud1b5\ucc30\ub825\uacfc \uc804\ubb38 \uc9c0\uc2dd\uc744 \ubc14\uc774\uc544\uc6c3 \ud300\uc758 \uc7a5\uc810\uc73c\ub85c \ud65c\uc6a9\ud560 \uc218 \uc788\uc5c8\ub2e4.<\/p>\n

\u201c\ub300\ud615 PE\ub294 \uc810\uc810 \ucee4\uc9c0\uace0, \ub2e4\ub978 PE\uc640\uc758 \uaca9\ucc28\ub294 \ub354\uc6b1 \ucee4\uc9c8 \uac83\uc774\ub2e4. \uc18c\uaddc\ubaa8 PE\ub294 \uc5b4\uca54 \uc218 \uc5c6\uc774 \uc804\ubb38\ud654\ub3fc\uc57c \ud55c\ub2e4.\u201d<\/span><\/p><\/blockquote>\n

\uc911\uc18c \uaddc\ubaa8\uc758 \ud380\ub4dc \uc911 \uaddc\ubaa8\ub97c \ud0a4\uc6b0\uace0 \uc790\uc6d0\uc744 \ubaa8\uc544 \ub300\ud615 \ud380\ub4dc\uc640 \uc720\ud6a8\ud55c \uc218\uc900\uc73c\ub85c \uacbd\uc7c1\ud560 \uc218 \uc788\ub294 \uacf3\uc740 \uac70\uc758 \uc5c6\ub2e4. \uc2e4\uc81c\ub85c \uadf8\ub7f4 \ud544\uc694\ub3c4 \uc5c6\ub2e4. \uc804\uccb4 \uac00\uce58 \uc0ac\uc2ac\uc5d0 \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub824\ub294 \ud5db\ub41c \ub178\ub825\uc5d0 \ub178\ub825\uc744 \uae30\uc6b8\uc774\uc9c0 \uc54a\uace0, \uace0\uc131\uc7a5 \ud2c8\uc0c8 \uc2dc\uc7a5\uc744 \uc7a5\uc545\ud558\uace0 \ud2b9\uc815 \uc9c0\uc5ed, \uc0b0\uc5c5 \ub610\ub294 \uc790\uc0b0\uad70\uc758 \uc804\ubb38\uac00\uac00 \ub418\uae30 \uc704\ud55c \ubc29\ud5a5\uc73c\ub85c \uc804\ub7b5\uc744 \uc870\uc815\ud574\uc57c \ud55c\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ube44\uc2a4\ud0c0(Vista)\ub294 \ubbf8\uad6d \uae30\uc5c5\uc6a9 \uc18c\ud504\ud2b8\uc6e8\uc5b4 \ud68c\uc0ac\uc5d0 \uac70\uc758 \uc804\uc801\uc73c\ub85c \ucd08\uc810\uc744 \ub9de\ucd94\uace0 \uc788\uc73c\uba70, \uc9c0\ub09c 10\ub144\uac04\ub0b4\ubd80\uc218\uc775\ub960(IRR) 22%\ub97c \uae30\ub85d\ud588\ub2e4.\u00a0 \ub178\ub974\ub515 \uce90\ud53c\ud0c8 (Nordic Capital)\uacfc \uac19\uc740 \ud68c\uc0ac\ub294 \uac74\uac15 \uad00\ub9ac \ubc0f \uae08\uc735 \uc11c\ube44\uc2a4\uc640 \uac19\uc740 \ud2b9\uc815 \ubd84\uc57c\uc758 \uae30\uc220\uc5d0 \uc131\uacf5\uc801\uc73c\ub85c \uc9d1\uc911\ud588\uace0, \ub098\ube44\uc2a4(Navis)\uc640 \uc5b4\ud53c\ub2c8\ud2f0(Affinity)\ub294 \ub3d9\ub0a8\uc544\uc2dc\uc544\uc758 \uac00\uc871 \uc18c\uc720 \uc0ac\uc5c5\uc5d0 \uc9d1\uc911\ud588\ub2e4.<\/p>\n

2. PE<\/strong>\uc758<\/strong> \ubbf8\ub798\ub97c<\/strong> \ub514\uc790\uc778\ud558\ub77c<\/strong><\/h4>\n

\ud5a5\ud6c4 10\ub144 \ub3d9\uc548\uc758 \uc131\uc7a5 \uae30\ud68c\ub97c \ud3ec\ucc29\ud558\uace0 \uad00\ub9ac\ud558\ub824\uba74 \uc870\uc9c1\uc758 \uad00\ud589\uacfc \uad6c\uc870\ub97c \ubcf4\ub2e4 \uc218\ud3c9\uc801\uc774\uace0, \ud611\ub825\uc801\uc774\uace0, \ubbfc\ucca9\ud558\uac8c \uc9c4\ud654\uc2dc\ucf1c\uc57c \ud55c\ub2e4. \uc790\uae08 \uaddc\ubaa8\uac00 \ucee4\uc9c0\uace0 \ud22c\uc790 \ubd84\uc57c\uac00 \ub2e4\uc591\ud574\uc9d0\uc5d0 \ub530\ub77c PE\ub294 \uc5ec\ub7ec \uc601\uc5ed\uc758 \uc804\ubb38 \uc9c0\uc2dd\uc744 \ud544\uc694\ub85c \ud55c\ub2e4. \ubcf4\uc644\uc801\uc778 \ud2b9\uc131\uc744 \uac00\uc9c4 \uc790\uc0b0(\uc608 : \uae30\uc220 \ubc0f \ubd80\ub3d9\uc0b0\uc758 \uc131\uc7a5\uc744 \ub808\ubc84\ub9ac\uc9c0 \ubc14\uc774\uc544\uc6c3\ud300\uacfc \uacb0\ud569)\uc744 \uc911\uc2ec\uc73c\ub85c \ud55c \uad50\ucc28 \uac70\ub798 \ud300 \ud1b5\ud569\uc774 \uc911\uc694\ud558\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ucc28\ubcc4\ud654\ub41c \uae30\uc220\uacfc \ubd80\ub3d9\uc0b0\uc744 \ubcf4\uc720\ud55c \uc9c0\uc8fc\uc0ac\ub294 \uae30\uc220\uacfc \uc790\uc0b0 \ubaa8\ub450\uc5d0 \uc5f0\uad00\ub41c \uac00\uce58\uc640 \ub9ac\uc2a4\ud06c\ub97c \ud3c9\uac00\ud560 \uc218 \uc788\ub294 \ub51c \ud300\uc774 \ud544\uc694\ud560 \uac83\uc774\ub2e4. \ube44\ub300\uce6d \ub2e4\uc6b4\uc0ac\uc774\ub4dc\uc5d0 \ub178\ucd9c\ub41c \ub51c\uc744 \ub2e4\ub8e8\ub294 \uacbd\uc6b0 \ubd80\ucc44 \ubd84\uc57c \uc804\ubb38\uc9c0\uc2dd\uacfc \uc804\ud1b5\uc801\uc778 \uc8fc\uc2dd \ubd84\uc57c \uadfc\uc721\uc744 \uac00\uc9c4 \ub51c \ud300\uc774 \ud544\uc694\ud55c \uac83\ucc98\ub7fc \ub9d0\uc774\ub2e4.<\/p>\n

\uacbd\uc601\uc9c4\uc740 \ub51c \uc18c\uc2f1\uacfc \ubaa8\ub378 \uac1c\ubc1c\uc744 \uac1c\uc120\ud558\uae30 \uc704\ud55c \ud504\ub85c\uc138\uc2a4\ub97c \uc124\uacc4\ud558\uace0, \ud300 \uac04\uc758 \ud611\uc5c5 \uac15\ud654\ub97c \uc704\ud55c \uc778\uc13c\ud2f0\ube0c\uc640 \uad00\ud589\uc744 \ud655\ub9bd\ud574\uc57c \ud55c\ub2e4. \ub610\ud55c \uc7a5\uae30 \ubcf4\uc720\uc640 \ub2e8\uae30 \uac00\uce58 \ucc3d\ucd9c \uc0ac\uc774\uc758 \uae34\uc7a5\uc744 \uad00\ub9ac\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\u201c\ud5a5\ud6c4 10\ub144\u00a0\ub3d9\uc548\uc758 \uc131\uc7a5 \uae30\ud68c\ub97c \ud3ec\ucc29\ud558\uace0 \uad00\ub9ac\ud558\ub824\uba74 \uc870\uc9c1\uc758 \uad00\ud589\uacfc \uad6c\uc870\ub97c \ubcf4\ub2e4 \uc218\ud3c9\uc801\uc774\uace0, \ud611\ub825\uc801\uc774\uace0, \ubbfc\ucca9\ud558\uac8c \uc9c4\ud654\uc2dc\ucf1c\uc57c \ud55c\ub2e4.\u201d<\/span><\/p><\/blockquote>\n

\uc774 \uade0\ud615\uc744 \uc7a1\uc73c\ub824\uba74, \ud68c\uc0ac \ub0b4\uc5d0\uc11c \uadf8\ub9ac\uace0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud68c\uc0ac \uc804\uccb4\uc5d0\uc11c \ud601\uc2e0 \ub2a5\ub825\uc744 \uacc4\uc18d \ub4b7\ubc1b\uce68\ud558\uba74\uc11c \ube60\ub974\uac8c \uc2e4\ud328\ud558\uace0 \uc7ac\ube68\ub9ac \ubc30\uc6b0\ub294(fail-fast-and-learn-quickly) \ubb38\ud654\ub97c \uac00\ub2a5\ucf00\ud558\ub294 \ud504\ub85c\uc138\uc2a4\ub97c \uad6c\ucd95\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\uc5ec\ub7ec PE \uc0ac\uc774\ub97c \ucc28\ubcc4\ud654\ud558\ub294 \ud2b9\uc131\uc73c\ub85c \uc815\ubcf4 \ud6a8\uc728\uc131\uc774 \ub300\ub450\ud568\uc5d0 \ub530\ub77c, PE\ub294 \uc790\ubcf8\uc774 \ubab0\ub824\ub4dc\ub294 \uc9c0\uae08\uc758 \uc2dc\uae30\ub97c \uc774\uc6a9\ud574 \uac15\ub825\ud55c \uc9c0\uc2dd \uacf5\uc720 \ud504\ub85c\uc138\uc2a4\ub97c \uc124\uacc4\ud574\uc57c \ud55c\ub2e4. \uc5ec\uae30\uc5d0\ub294 \ubaa8\ubc94 \uc0ac\ub840\ub97c \uccb4\uacc4\ud654\ud558\uace0 \uaddc\ubaa8\uc5d0 \ub9de\uac8c \uc561\uc138\uc2a4\ud558\uace0 \uc801\uc6a9\ud558\uae30 \uc27d\ub3c4\ub85d \ub9cc\ub4e4\uc5b4 PE\uac00 \uc911\uc694\ud55c \ud1b5\ucc30\ub825\uc744 \ud65c\uc6a9\ud558\uace0 \uacbd\uc7c1 PE\ubcf4\ub2e4 \uba3c\uc800 \ud589\ub3d9\ud560 \uc218 \uc788\ub3c4\ub85d \ud558\ub294 \uac83\uc774 \ud3ec\ud568\ub41c\ub2e4.<\/p>\n

3. <\/strong>\ub514\uc9c0\ud138<\/strong> \uc804\ud658\uc744<\/strong> \ub300\uaddc\ubaa8\ub85c<\/strong> \ub2ec\uc131\ud558\ub77c<\/strong><\/h4>\n

\ub514\uc9c0\ud138 \ubd84\uc57c \uc5ed\ub7c9\uc740 \uac00\uce58 \ucc3d\ucd9c\uc5d0\uc11c \ud6e8\uc52c \ub354 \ud070 \uc5ed\ud560\uc744 \ud55c\ub2e4. \ub300\uc0c1 \uae30\uc5c5\uc774 \uc2e0\uc81c\ud488\uacfc \uc11c\ube44\uc2a4\ub97c \ub9cc\ub4e4\uc5b4 \ub0b4\uace0 \uacbd\uc7c1\ub825 \uc788\ub294 \ube44\uc6a9 \uad6c\uc870\ub97c \ub2ec\uc131\ud558\uba70 \ud310\ub9e4 \uc804\ub7b5\uc744 \uc138\ubc00\ud558\uac8c \uc870\uc815\ud558\ub824\uba74 PE\uac00 \uc774\ub7ec\ud55c \uae30\ub2a5\uc744 \uc801\uadf9\uc801\uc73c\ub85c \uad6c\ud604\ud574\uc57c \ud55c\ub2e4. PE \uacbd\uc601\uc9c4\uc740 \ubd80\uac00\uac00\uce58 \ub192\uc740 \uae30\ud68c\ub97c \uc815\ud655\ud558\uac8c \ucc3e\uc544 \ub0b4\ub294\ub370 \ud0c1\uc6d4\ud55c \uc7ac\ub2a5\uc774 \uc788\ub2e4. \uadf8\ub4e4\uc774 \uc9c0\uae08\ud574\uc57c \ud560 \uc77c\uc740 \ub300\uc0c1 \uae30\uc5c5\uc5d0 \ub300\ud55c \uc774\ub4e4\uc758 \uc778\uc0ac\uc774\ud2b8\ub97c \ub300\uaddc\ubaa8\ub85c \ud0a4\uc6b0\ub294 \uac83\uc774\ub2e4. \uba38\uc2e0 \ub7ec\ub2dd, \uc790\uc5f0\uc5b4 \ucc98\ub9ac, \ud504\ub85c\uc138\uc2a4 \uc790\ub3d9\ud654\uc640 \uac19\uc740 \uae30\uc220 \uc9c4\ubcf4\ub97c \ud1b5\ud574 \ub3c4\ub2ec \ubc94\uc704\uc640 \uae30\uc220\uc744 \ud0a4\uc6b8 \uc218 \uc788\ub2e4.<\/p>\n

\ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud68c\uc0ac\uc758 \ub514\uc9c0\ud138 \uc131\uc219\ub3c4\ub294 \ub2e4\uc591\ud558\ub2e4. \ud601\uc2e0\uc744 \ucd94\uc9c4\ud558\ub294 \ub370 \uac78\ub9ac\ub294 \uc2dc\uac04\uacfc \uc18d\ub3c4\ub294 \ud574\ub2f9 \uc0b0\uc5c5, \uacbd\uc7c1 \uc6b0\uc704, \uc601\uc5c5 \uc2e4\uc801\uc5d0 \ub530\ub77c \ub2e4\ub974\ub2e4. \uadf8\ub7ec\ub098 \ubaa8\ub4e0 PE\ub294 \ud604\uc7ac \uadf8\ub4e4\uc758 \uae30\uc220 \uc218\uc900\uacfc \ubb34\uad00\ud558\uac8c, \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud68c\uc0ac\uac00 \ub514\uc9c0\ud138\ud654\ud560 \uc81c\ud488\uacfc \uc11c\ube44\uc2a4, \ubc1c\uc804\uc2dc\ucf1c\uc57c \ud560 \ub370\uc774\ud130 \ubc0f \uc560\ub110\ub9ac\ud2f1\uc2a4 \uae30\uc220 \uc0ac\uc6a9 \uc0ac\ub840, \uad6c\ucd95\ud558\uac70\ub098 \ud68d\ub4dd\ud574\uc57c \ud560 \uae30\uc220 \uc778\ud504\ub77c \ub4f1\uc744 \ud3ec\ud568\ud55c \uba85\ud655\ud55c \ub514\uc9c0\ud138 \uc804\ub7b5\uc744 \ud655\ub9bd\ud558\ub3c4\ub85d \ub3c4\uc640\uc57c \ud55c\ub2e4.<\/p>\n

\uacb0\uacfc\ub294 \ub2ec\ub77c\uc9c8 \uc218 \uc788\ub2e4. \ud55c PE\ub294 \uc790\uccb4 \uc81c\uc791\ud55c \ub514\uc9c0\ud138 \ud22c\uc790\ub97c \ud65c\uc6a9\ud574 \uc804\ud1b5 \uc81c\uc870\uc5c5\uccb4\ub97c \uc0c8\ub85c\uc6b4 \ube45 \ub370\uc774\ud130 \ube44\uc988\ub2c8\uc2a4\ub85c \uc804\ud658\uc2dc\ud0a4\ub294\ub370 \uc131\uacf5\ud588\ub2e4. 2\ubc30\uc9dc\ub9ac \uac70\ub798\ub294 9\ubc30 \uac70\ub798\ub85c \ubc14\ub00c\uc5c8\ub2e4. \ub9c8\ucc2c\uac00\uc9c0\ub85c, \ucee4\ud53c \uc0b0\uc5c5\uc5d0 \uc911\uc810\uc744 \ub454 \ud68c\uc0ac\ub294 \uc218\ubc31\ub9cc \uace0\uac1d\uc5d0\uac8c \ub9de\ucda4\ud615 \uc81c\uc548\uc744 \uc81c\uacf5\ud558\uace0 \uace0\uac1d\uc758 \ucc38\uc5ec\ub97c \uac15\ud654\ud574 \ucd08\uac1c\uc778\ud654 \ud50c\ub7ab\ud3fc\uc744 \ub9cc\ub4e4\uc5c8\ub2e4. \uace0\uac1d \ub2f9 \uc21c\uc218\uc775\uc744 3\ubc30 \ub298\ub9ac\uace0 1\uc5b5 2000\ub9cc \ub2ec\ub7ec\uc758 \ub9e4\ucd9c \ud5a5\uc0c1\uc744 \uac00\uc838\uc654\ub2e4.<\/p>\n

\uc774\ub7ec\ud55c \uc804\ud658\uc774 \uc77c\ud68c\uc131 \uc774\ubca4\ud2b8\ub85c \uadf8\uce58\uc9c0 \uc54a\ub3c4\ub85d \ud558\uae30 \uc704\ud574 PE\ub294 \ubcf5\uc7a1\ud55c \uc804\ud658\uc744 \uad00\ub9ac\ud560 \uc218 \uc788\ub294 \uae30\ub2a5\uacfc \ub3c4\uad6c\ub97c \uad6c\ucd95\ud574\uc57c \ud55c\ub2e4. \uc55e\uc73c\ub85c \uc218\ub144\uac04, \ub514\uc9c0\ud138 \uc804\ud658 \uad00\ub9ac \ub2a5\ub825\uc740 \uc5c5\uacc4 \uc2e4\uc801\uc774 \uac00\uc7a5 \uc6b0\uc218\ud55c PE\uc758 \ud2b9\uc9d5 \uc911 \ud558\ub098\uac00 \ub420 \uac83\uc774\ub2e4.<\/p>\n

4. <\/strong>\ub2e4\uc591\uc131\uc744<\/strong> \uae30\uc5c5<\/strong> \ube44\uc804\uc5d0<\/strong> \uc774\uc2dd\ud558\ub77c<\/strong><\/h4>\n

\uc55e\uc73c\ub85c 10\ub144\uac04 \ub300\ud615 PE\ub294 \ub354\uc6b1 \ub300\ud615\ud654\ud558\uace0 \uc18c\ud615 PE\ub294 \ub2e4\uc591\ud654\ud558\uba74\uc11c \uc5b4\ub9c8\uc5b4\ub9c8\ud55c \uc778\uc7ac \uc7c1\ud0c8\uc804\uc774 \ubc8c\uc5b4\uc9c8 \uac83\uc774\ub2e4. \ud14c\ud06c\ub180\ub85c\uc9c0\uc640 \ub514\uc9c0\ud138 \uc5ed\ub7c9\uc740 \ud2b9\ubcc4\ud55c \ud504\ub9ac\ubbf8\uc5c4\uc774 \ub420 \uac83\uc774\ub2e4. \uc774\uc81c \uc720\ub2a5\ud55c \uad6c\uc9c1\uc790\uac00 \uc9c1\uc7a5\uc744 \uc120\ud0dd\ud558\ub294 \uc0c1\ud669\uc774\ub2e4. PE, \ud22c\uc790 \uc740\ud589, \uacbd\uc601 \ucee8\uc124\ud305\uc0ac\ub294 \ud55c\ub54c \uac00\uc7a5 \uc6b0\uc218\ud558\uace0 \uac00\uc7a5 \ub6f0\uc5b4\ub09c \uc774\ub4e4\uc774 \ub9ce\uc774 \ucc3e\ub294 \uc9c1\uc7a5\uc774\uc5c8\ub2e4. \uc9c0\uae08\uc740 \uae30\uc220 \ubd84\uc57c \ub300\uae30\uc5c5\uacfc \uc720\uba85 \uc2a4\ud0c0\ud2b8\uc5c5\uc774 \ub9ce\uc740 \uc720\ub9dd\uc8fc\ub4e4\uc758 \ud76c\ub9dd \ucee4\ub9ac\uc5b4 \uacbd\ub85c\ub2e4.<\/p>\n

\ube60\ub978 \uc131\uc7a5, \uce58\uc5f4\ud55c \uacbd\uc7c1, \uad6c\uc9c1\uc790\uc5d0\uac8c \uc720\ub9ac\ud55c \uad6c\uc9c1 \ud658\uacbd\uc758 \uc870\ud569\uc740 PE \uc5c5\uacc4\uac00 \uc9c1\uba74\ud55c \ub3c4\uc804 \uacfc\uc81c\ub2e4. \uacbd\uc601\uc9c4\uc740 \ub9ce\uc740 \uc7ac\ub2a5 \uc788\ub294 \uc80a\uc740\uc774\ub4e4\uc744 \uc774 \uc0b0\uc5c5\uc5d0 \ub04c\uc5b4\ub4e4\uc774\ub294 \ubb38\ud654\uc801 \u201cMOJO\u201d\ub97c \uc783\uc9c0 \uc54a\uc73c\uba74\uc11c \uc774\ub4e4\uc758 \uc131\uc7a5\uc744 \uad00\ub9ac\ud560 \uc218 \uc788\ub3c4\ub85d \ud574\uc57c \ud55c\ub2e4. \ub610\ud55c \uc774\ub4e4\uc774 \ub514\uc9c0\ud138 \uc5ed\ub7c9\uc744 \ud68d\ub4dd\ud558\uace0 \ucc3d\uc758\ub825\uc744 \ubc1c\ud718\ud574 \ud68c\uc0ac\uac00 \ud544\uc694\ub85c \ud558\ub294 \ud601\uc2e0\uc744 \uc81c\uacf5\ud560 \uc218 \uc788\ub3c4\ub85d \ud558\ub294 \ud658\uacbd\uacfc \ucee4\ub9ac\uc5b4 \uacbd\ub85c\ub97c \uac1c\ubc1c\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\u201c\uc55e\uc73c\ub85c 10\ub144\uac04\ub300\ud615 PE\ub294\ub354\uc6b1\ub300\ud615\ud654\ud558\uace0\uc18c\ud615PE\ub294\ub2e4\uc591\ud654\ud558\uba74\uc11c\uc5b4\ub9c8\uc5b4\ub9c8\ud55c\uc778\uc7ac\uc7c1\ud0c8\uc804\uc774\ubc8c\uc5b4\uc9c8\uac83\uc774\ub2e4.\u201d<\/span><\/p><\/blockquote>\n

PE\ub294 \ub3c4\uc804\uc801\uc774\uace0 \uc57c\uc2ec \ucc2c \ubb38\ud654\ub85c \uc9c0\ub09c 20 \ub144 \ub3d9\uc548 \uac00\uc7a5 \uba85\uc11d\ud55c \ub450\ub1cc\ub4e4\uc744 \uc0ac\ub85c\uc7a1\uc544 \uc654\ub2e4. \uc774\ub7ec\ud55c \ubb38\ud654\ub97c \uc0c8\ub85c\uc6b4 \uc138\ub300\uc5d0 \ub9de\uac8c \uc80a\uac8c \ub9cc\ub4e4\uace0 \ub2e4\uc2dc \uc815\uc758\ud560 \uc218 \uc5c6\ub2e4\uba74, PE \uae30\uc5c5 \ubb38\ud654\uc758 \uc7a5\uc810\uc740 \ud1f4\uc0c9\ud574 \ubc84\ub9b4 \uac83\uc774\ub2e4.\u00a0 PE\ub294 \uc2a4\uc2a4\ub85c\uc758 \uc131\uacf5\uc5d0 \uc758\ud55c \ud76c\uc0dd\uc790\uac00 \ub418\uc9c0 \uc54a\ub3c4\ub85d \ubbf8\ub798\uc758 \uc77c\ud558\ub294 \ubc29\uc2dd\uc5d0 \ub300\ud574 \uc801\uadf9\uc801\uc73c\ub85c \uc0dd\uac01\ud574\uc57c \ud55c\ub2e4. \ubc30\uacbd \ubc0f \uc804\ubb38\uc131 \uce21\uba74\uc5d0\uc11c \ub354 \ub2e4\uc591\ud55c \uae30\ub2a5\uc744 \uac16\ucd98 \ud300\uc744 \uad6c\uc131\ud558\ub294 \uac83\ub3c4 \uc911\uc694\ud558\ub2e4.<\/p>\n

\uadf8\ub807\uac8c \ud558\ub824\uba74 \ud6a8\uacfc\uc801\uc73c\ub85c \ub2e4\uc591\ud55c \uad00\uc810\uc5d0 \uc561\uc138\uc2a4 \ud560 \uc218 \uc788\uc5b4\uc57c \ud55c\ub2e4. PE\ub294 \ub2e4\ub978 \uae08\uc735 \uc11c\ube44\uc2a4 \uc0b0\uc5c5\uacfc \ub9c8\ucc2c\uac00\uc9c0\ub85c \ub2e4\uc591\uc131 \ubd80\uc871\uc73c\ub85c \uc5b4\ub824\uc6c0\uc744 \uacaa\uace0 \uc788\ub2e4. PE\ub294 \ub354 \ub9ce\uc740 \uc778\uc9c0 \ubc0f \uc0ac\ud68c\uc801 \ub2e4\uc591\uc131\uc744 \ucc3d\ucd9c\ud558\uace0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ud68c\uc0ac \u200b\u200b\ub0b4\uc5d0 \ub2e4\uc591\uc131 \ubc0f \ud3ec\uc6a9\uc131\uc5d0 \ub300\ud55c \ud45c\uc900\uc744 \uc124\uc815\ud558\uae30 \uc704\ud574 \ucc44\uc6a9 \ud37c\ub110\uc744 \ub113\ud600\uc57c \ud55c\ub2e4. \uc5f0\uad6c\uc5d0 \ub530\ub974\uba74, \ub2e4\uc591\uc131\uc744 \uac00\uc9c4 \uacbd\uc601\uc9c4\uc744 \ubcf4\uc720\ud55c \uc870\uc9c1\uc740 <\/a>\ud3c9\uade0 \uc774\ud558\uc758 \ub2e4\uc591\uc131\uc744 \uac00\uc9c4 \uc870\uc9c1\ubcf4\ub2e4 \uac70\uc758 10%\ud3ec\uc778\ud2b8 \ub192\uc740 EBITDA \ub9c8\uc9c4\uc744 \uac00\uc9c0\uace0 \uc788\ub2e4. \ub2e4\uc591\uc131 \uc774\ub2c8\uc154\ud2f0\ube0c\ub97c \uc8fc\ub3c4\ud558\ub294 \uae30\uc5c5\uc740 \ub6f0\uc5b4\ub09c \uc778\uc7ac\ub97c \uc720\uce58\ud558\uace0 \ud601\uc2e0\uc744 \ud0a4\uc6cc\ub0b4\uace0 \uc9c0\uc18d\uc801\uc778 \uc131\uc7a5\uc744 \uc704\ud55c \uae30\ubc18\uc744 \ub9c8\ub828\ud558\ub294 \uc120\uc21c\ud658\uc744 \ub9cc\ub4e4 \uc218 \uc788\ub2e4.<\/p>\n

5. <\/strong>\uc0ac\ud68c\uc801, <\/strong>\uc0ac\uc5c5\uc801<\/strong> \uac00\uce58<\/strong> \ubaa8\ub450\ub97c<\/strong> \ucd5c\uc801\ud654\ud558\ub77c<\/strong><\/h4>\n

PE\uac00 \uc0ac\uc5c5 \uc131\uacfc\ub97c \ud615\uc131\ud558\ub294 \ub370 \uc810\uc810 \ub354 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \uc218\ud589\ud568\uc5d0 \ub530\ub77c PE\uac00 \uc5b4\ub5bb\uac8c \uadf8\ub9ac\uace0 \ub204\uad6c\ub97c \uc704\ud574 \uac00\uce58\ub97c \ucc3d\ucd9c\ud558\ub294\uc9c0\uc5d0 \ub300\ud55c \uc870\uc0ac\uac00 \uc99d\uac00\ud560 \uac83\uc774\ub2e4. PE \uc5c5\uacc4\uac00 \uc77c\uc790\ub9ac \ucc3d\ucd9c, \uc870\uc9c1 \uc131\uc7a5, \ubd80\uc815\uc801\uc778 \ud658\uacbd \uc601\ud5a5\uc744 \uac10\uc218\ud558\uba74\uc11c \uc7ac\ubb34 \uc218\uc775\uc744 \uc6b0\uc120 \uc21c\uc704\ub85c \ub454\ub2e4\ub294 \uc778\uc2dd\uc740 \ub110\ub9ac \ud37c\uc838 \uc788\ub2e4. \uc804 \uc138\uacc4 \uc218\ubc31\ub9cc \uadfc\ub85c\uc790\uc758 \uc9c1\uac04\uc811 \uace0\uc6a9\uc8fc\ub85c\uc11c PE\ub294 \uc804\ubc18\uc801\uc778 \uac00\uce58 \ucc3d\ucd9c\uc790\uc774\uc790 \uc5c5\uacc4 \uad00\uacc4\uc790\ub85c\uc11c\uc758 \uc5ed\ud560\uc744 \ud574\uc57c \ud55c\ub2e4.<\/p>\n

\ub6f0\uc5b4\ub09c \uc2a4\ud29c\uc5b4\ub4dc\uc2ed\uc740 \ud544\uc218\ub2e4. PE\ub294 \ud658\uacbd, \uc0ac\ud68c, \uac70\ubc84\ub10c\uc2a4(ESG) \ud504\ub808\uc784\uc6cc\ud06c\uac00 \ub2e8\uc21c\ud55c \uac89\ud3ec\uc7a5 \uc774\uc0c1\uc784\uc744 \uc785\uc99d\ud574\uc57c \ud55c\ub2e4. \ud22c\uc790 \ud6a8\uacfc\ub97c \uacfc\ub300 \ud3c9\uac00\ud558\ub294 \uadf8\ub9b0 \uc6cc\uc2f1\uc740 \uc9c0\uc18d\uc801\uc778 \ud22c\uc790\uc790\uc758 \uad00\uc2ec\uc0ac\ub85c \ub0a8\uc544 \uc788\ub2e4. \uc2e0\ub8b0\uc131\uc744 \uc785\uc99d\ud558\uae30 \uc704\ud574 \uacbd\uc601\uc9c4\uc740 ESG \ub9e4\ud2b8\ub9ad\uc2a4\ub97c \ud22c\uc790 \ubc29\ubc95\ub860\uc5d0 \ud1b5\ud569\ud558\uace0, \uc774 \uc811\uadfc \ubc29\uc2dd\uc5d0\uc11c \ubc1c\uc0dd\ud558\ub294 \uc7ac\ubb34\uc801 \uac00\uce58\ub97c \uc785\uc99d\ud558\uae30 \uc704\ud574 \ubcf4\ub2e4 \ud569\ub9ac\uc801\uc73c\ub85c \ucd94\uc9c4\ud574\uc57c \ud55c\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ud37c\ubbf8\ub77c(Permira)\uc5d0\uc11c ESG \uace0\ub824\ub294 \uc120\ubcc4 \ubc0f \uc2e4\uc0ac \uacfc\uc815\uc758 \uc77c\ubd80\uc774\uba70 \uc778\uc218 \ud6c4 \uc811\uadfc \ubc29\uc2dd\uc5d0\ub3c4 \uc601\ud5a5\uc744 \ubbf8\uce5c\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ub2e5\ud130\ub9c8\ud2f4(Dr. Martens)\uc744 \uc778\uc218\ud55c \ud37c\ubbf8\ub77c\ub294 \ud53c\uc778\uc218 \ud68c\uc0ac\uc640 \ud611\ub825\ud574 \ubcf4\ub2e4 \uc9c0\uc18d \uac00\ub2a5\ud55c \uacf5\uae09\ub9dd\uc744 \ubc1c\uad74\ud558\uace0 \uc788\ub2e4.<\/p>\n

\uc120\ub450\uad8c PE\ub294 \uc774\ub7ec\ud55c \ub2e8\uacc4\ub97c \uae30\ubc18\uc73c\ub85c \ud22c\uc790 \uc218\uba85\uc8fc\uae30 \uc804\uccb4\uc5d0 ESG \uc9c0\ud45c\ub97c \ud3ec\ud568\uc2dc\ud0a4\uace0 \uc790\uae08\uacfc \uc804\ubb38 \uc9c0\uc2dd\uc744 \uc0ac\uc6a9\ud574 \uc0ac\ud68c\uc5d0 \ud070 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\ub294 \ud0c0\uac9f \uc784\ud329\ud2b8 \ud380\ub4dc\ub97c \uc2dc\uc791\ud588\ub2e4. ESG \uae30\ud68c\ub97c \ucd5c\ub300\ud55c \ud65c\uc6a9\ud558\ub824\uba74 \ucc44\ud0dd\ud560 \uba54\ud2b8\ub9ad\uc2a4\uc640 \ud504\ub808\uc784\uc6cc\ud06c, \ubaa9\ud45c\ub85c \ud560 \ubd84\uc57c\uc640 \uc81c\uc678\ud560 \ubd84\uc57c, \uac00\uc7a5 \uc801\ud569\ud55c \ubcf4\uace0 \uad6c\uc870\uc640 \ubcf4\uace0 \ud69f\uc218\ub97c \uace0\ub824\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\n

 <\/p>\n

PE\ub294 \ubaa8\ub4e0 \uc8fc\uc2dd\uc758 5.5%\ub97c \ucc28\uc9c0\ud558\ub294 4\uc870 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc0b0\uc5c5\uc73c\ub85c, \uae08\uc735\uacc4\uc758 \uac70\ub300 \ub9e4\uba38\ub4dc\uac00 \ub410\ub2e4. PE \uc5c5\uacc4\uac00 \uc9c0\ub09c 10\ub144 \ub3d9\uc548 \ubcf4\uc5ec\uc900 \ub6f0\uc5b4\ub09c \uc131\uacfc\ub294 \uc904\uc5b4\ub4e4 \uae30\uc0c9\uc774 \uc5c6\ub2e4. \uadf8\ub7ec\ub098 \ubbf8\ub798\uc5d0 \uc2b9\ub9ac\uc790\uac00 \ub418\ub824\uba74, \uc9c0\uae08 \uc900\ube44\ud574\uc57c \ud55c\ub2e4. \uc774 \ubcf4\uace0\uc11c\uc5d0 \uc694\uc57d\ub41c \ub2e4\uc12f \uac00\uc9c0 \uac15\ub839\uc744 \ubc1b\uc544\ub4e4\uc778\ub2e4\uba74, PE\ub294 \uc0ac\uc2e4\uc0c1 \uc81c\uc57d \uc5c6\ub294 \uc131\uc7a5\uc744 \ub9de\uc774\ud560 \ud798\uc744 \uac16\ucd9c \uc218 \uc788\ub2e4.<\/p>\n

\uc6d0\ubb38(\uc601\uc5b4) \ubcf4\ub7ec\uac00\uae30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\uae30\uc5c5\ub4e4\uc740 \ubbf8\ub798\uc758 \uc77c\ud130\ub97c \uc900\ube44\ud558\uba74\uc11c \uc2ec\uac01\ud55c \ubd88\ud655\uc2e4\uc131\uc5d0 \uc9c1\uba74\ud558\uace0 \uc788\ub2e4. \uc9c0\ub09c 20\ub144 \uac04, \uc804 \uc138\uacc4 \uae30\uc5c5\ub4e4\uc740 \uc804\ub840\ub97c \ucc3e\uc544\ubcfc \uc218 \uc5c6\uc744 \uc815\ub3c4\ub85c \ube60\ub974\uace0 \ub300\ub300\uc801\uc778 \ubcc0\ud654\ub97c \uacbd\ud5d8\ud588\ub2e4. \ud601\uc2e0, \uc138\uacc4\ud654, \uc544\uc6c3\uc18c\uc2f1, \ube44\uc815\uaddc\uc9c1 \ubc0f \uae31(gig) \ub178\ub3d9\uc758 \uc131\uc7a5\uc740 \uacb0\uad6d \uc778\ub825 \uad6c\uc870\uc758 \ubcc0\ud654, \uc0c8\ub85c\uc6b4 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc758 \ub4f1\uc7a5, \uc0c8\ub85c\uc6b4 \uacbd\uc7c1\ub825\uc5d0 \ub300\ud55c \ud3ed\ubc1c\uc801\uc778 \uc218\uc694, \uae30\uc874 \uc5c5\ubb34\uc5d0 \ub300\ud55c \uc7ac\uc815\uc758\ub85c \uc774\uc5b4\uc84c\ub2e4. \uadfc\ub85c\uc790\uc640 \ube44\uc988\ub2c8\uc2a4 \ub9ac\ub354\ub4e4\uc740 \ubaa8\ub450 \uc77c\uc758 \ubbf8\ub798\uc5d0 \ub300\ud574 \ud070 \ub450\ub824\uc6c0\uc744 \uac16\uace0 \uc788\ub2e4.<\/p>\n","protected":false},"author":1,"featured_media":1280,"comment_status":"closed","ping_status":"closed","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,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[33,32],"tags":[],"class_list":{"0":"post-1276","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fi-ins-pipe","8":"category-industry"},"_links":{"self":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/1276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/comments?post=1276"}],"version-history":[{"count":0,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/1276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media\/1280"}],"wp:attachment":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media?parent=1276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/categories?post=1276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/tags?post=1276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}