{"id":2002,"date":"2020-05-20T16:56:51","date_gmt":"2020-05-20T07:56:51","guid":{"rendered":"https:\/\/bcgblog.kr\/?p=2002"},"modified":"2020-05-20T16:57:04","modified_gmt":"2020-05-20T07:57:04","slug":"powering-up-pmi-in-the-utilities-sector","status":"publish","type":"post","link":"https:\/\/bcgblog.kr\/powering-up-pmi-in-the-utilities-sector\/","title":{"rendered":"\uc720\ud2f8\ub9ac\ud2f0 \ubd80\ubb38\uc758 PMI \uac15\ud654"},"content":{"rendered":"

\uae00\ub85c\ubc8c \uc720\ud2f8\ub9ac\ud2f0 \uc0b0\uc5c5\uc740 M&A\uac00 \ud55c\ucc3d \uc9c4\ud589 \uc911\uc774\ub2e4. 2018\ub144 \ud55c \ud574 \ub3d9\uc548 \ud574\ub2f9 \uc5c5\uacc4\uc5d0\uc11c 1,200\uac74 \uc774\uc0c1\uc758 M&A\uac00 2,150\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \uaddc\ubaa8\ub85c \uc9c4\ud589\ub418\uc5c8\uc73c\uba70, \ub300\ubd80\ubd84\uc740 \uc720\ub7fd\uacfc \ubd81\ubbf8\uc5d0\uc11c \uc774\ub8e8\uc5b4\uc84c\ub2e4. M&A \uac74\uc218\ub294 \ub192\uc9c0\ub9cc, \uc774\ub4e4 \ub51c\uc774 \uc131\uacf5\uc801\uc778 \uacb0\uacfc\ub97c \ub0b3\uace0 \uc788\uc9c0\ub294 \uc54a\ub2e4.<\/p>\n

\ucd5c\uadfc M&A \uac70\ub798\ub97c \uc644\ub8cc\ud55c \uae30\uc5c5\ub4e4\uc758 \ucd1d\uc8fc\uc8fc \uc218\uc775\ub960\uc774 \uc804\uccb4 \uc5c5\uacc4\ud3c9\uade0\ubcf4\ub2e4 \ud6e8\uc52c \ub4a4\ub5a8\uc5b4\uc9c4 \uac83\uc73c\ub85c \ub098\ud0c0\ub09c\ub2e4. \uc720\ud2f8\ub9ac\ud2f0 \ud68c\uc0ac\uac00 \ud53c\uc778\uc218 \uae30\uc5c5\uc5d0 \ub300\ud574 \ub108\ubb34 \ub192\uc740 \uac00\uaca9\uc744 \uc9c0\ubd88\ud55c \uacbd\uc6b0\ub3c4 \uc788\uc5c8\uc9c0\ub9cc, BCG\uac00 \uace0\uac1d\uc0ac\ub4e4\uacfc \uacbd\ud5d8\ud574 \ubcf8 \ubc14\uc5d0 \ub530\ub974\uba74 \uc778\uc218 \ud6c4 \ud1b5\ud569(post-merger integration, PMI)\uc774 \uc81c\ub300\ub85c \uc774\ub8e8\uc5b4\uc9c0\uc9c0 \uc54a\uc558\uae30 \ub54c\ubb38\uc5d0 \uc131\uacfc\uac00 \ubd80\uc9c4\ud55c \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.<\/p>\n

\uc131\uacfc\uac1c\uc120\uc744 \uc704\ud558\uc5ec \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\ub4e4\uc740 \ub51c \ucd08\ubc18\ubd80\ud130 \ud1b5\ud569 \ud504\ub85c\uc138\uc2a4 \uc2e4\ud589 \ubc0f \uad00\ub9ac, \uc608\uc0c1 \uc2dc\ub108\uc9c0 \ud3ec\ucc29 \uc804\ub7b5\uad6c\ucd95 \ubc0f \ud1b5\ud569\ub41c \uc870\uc9c1\uad6c\uc870\uc758 \uc2e0\uc911\ud55c \uc124\uacc4 \ubc29\ubc95\uc5d0 \ub300\ud574 \uacc4\ud68d\ud574\uc57c \ud55c\ub2e4. \ub610\ud55c \uacc4\ud68d \uc218\ub9bd\uc2dc \uadf8\ub4e4\ub9cc\uc758 \ud2b9\uc218\ud55c \uaddc\uc81c \ubc0f \uc774\ud574\ub2f9\uc0ac\uc790 \ud658\uacbd\uc744 \uace0\ub824\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\uae00\ub85c\ubc8c \uacbd\uc81c\ub97c \uc704\ud611\ud558\uace0 \uc788\ub294 \ucf54\ub85c\ub09819\uac00 M&A \uc99d\uac00\ub85c \uc774\uc5b4\uc9c0\ub294 \uacbd\uc6b0, \uc774\ub4e4 \ud65c\ub3d9\uc744 \uc81c\ub300\ub85c \uc218\ud589\ud558\ub294 \uac83\uc774 \ub354 \uc911\uc694\ud574 \uc9c8 \uac83\uc774\ub2e4. BCG \uc5f0\uad6c\uc5d0 \ub530\ub974\uba74 \uacbd\uae30 \uce68\uccb4\uae30\uc5d0 \uc218\ud589\ub41c M&A \uac70\ub798\ub4e4\uc774 \uc77c\ubc18\uc801\uc73c\ub85c \ub354 \ub192\uc740 \uc8fc\uc8fc \uc218\uc775\ub960\uc744 \uc2e4\ud604\ud55c\ub2e4. \uadf8\ub807\ub2e4 \ud558\ub354\ub77c\ub3c4, M&A \ub51c\uc758 \ud6a8\uacfc\ub97c \ucd5c\ub300\ud55c \ud65c\uc6a9\ud558\uace0\uc790 \ud558\ub294 \uae30\uc5c5\uc774\ub77c\uba74 PMI\ub97c \uac04\uacfc\ud560 \uc218 \uc5c6\ub2e4.<\/p>\n

\uc774\ud558\uc5d0\uc11c\ub294 \uc720\ud2f8\ub9ac\ud2f0 \ubd80\ubb38\uc758 \ud604\uc7ac M&A \ud65c\ub3d9\uc758 \ud604\ud669\uc744 \ubd84\uc11d\ud558\uace0 \uc720\ud2f8\ub9ac\ud2f0 \ubd80\ubb38\uc774 \ud53c\uc778\uc218 \uae30\uc5c5\uc744 \ud1b5\ud569\ud558\ub294 \ub370 \uc5b4\ub824\uc6c0\uc744 \uacaa\ub294 \uc774\uc720\ub97c \uc0b4\ud3b4\ubcf4\uba70, M&A\ub97c \ud1b5\ud55c \uc131\uc7a5 \ub178\ub825\uc744 \uac15\ud654\ud558\ub294 \ubc29\uc548\uc744 \uc81c\uc548\ud558\uace0\uc790 \ud55c\ub2e4.<\/p>\n

M&A\uc758 \ud544\uc694\uc131<\/strong><\/h3>\n

\uc804\uc138\uacc4 \uc720\ud2f8\ub9ac\ud2f0 \uace0\uac1d\ub4e4\uc774 \ud6a8\uc728\uc131\uc744 \ub192\uc774\uace0 \ub300\uccb4 \uc5d0\ub108\uc9c0\uc6d0\uc73c\ub85c \uc804\ud658\ud568\uc5d0 \ub530\ub77c \ud2b9\ud788 \ubbf8\uad6d\uacfc \uc720\ub7fd\uc5d0\uc11c\uc758 \uc5d0\ub108\uc9c0 \ud310\ub9e4\uac00 \uc815\uccb4\ub418\uace0 \uc788\ub2e4. \uc774\ub294 \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\uc5d0\uac8c \uc788\uc5b4 \ub9c8\uc9c4\uacfc \uc218\uc775\uc131 \ud558\ub77d\uc744 \uc758\ubbf8\ud55c\ub2e4.<\/p>\n

\uacbd\uc81c \uc804\ubc18\uc758 \uc5d0\ub108\uc9c0 \ud6a8\uc728 \uc218\uc900\uc744 \ub098\ud0c0\ub0b4\ub294 \uc5d0\ub108\uc9c0 \uc9d1\uc57d\ub3c4(energy intensity)\ub294 \uc9c0\ub09c 10\ub144 \ub3d9\uc548 \ubaa8\ub4e0 G20 \ud68c\uc6d0\uad6d\uc5d0\uc11c \uac10\uc18c\ud574 \uc654\uc73c\uba70(\uc5d0\ub108\uc9c0 \uc9d1\uc57d\ub3c4\uac00 \ub0ae\uc744\uc218\ub85d \ud6a8\uc728\uc774 \ub192\uc74c), \ud558\ub77d\uc138\uac00 \uc9c0\uc18d\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. EU\uc758 2012\ub144 \uc5d0\ub108\uc9c0 \ud6a8\uc728 \uc9c0\uce68(Energy Efficiency Directive)\uacfc \uac19\uc740 \uc9c0\uc5ed\ubcc4 \ubc95\ub960 \uc81c\uc815\uc73c\ub85c \uc774\ub7ec\ud55c \ucd94\uc138\uac00 \uac00\uc18d\ud654\ud558\uace0 \uc788\ub2e4. \uc720\ub85c\uc874\uc758 \uc5d0\ub108\uc9c0 \uc9d1\uc57d\ub3c4\ub294 1990\ub144\uacfc 2017\ub144 \uc0ac\uc774\uc5d0 37 % \uac10\uc18c\ud588\ub2e4. \uc804\uc138\uacc4 \uc5d0\ub108\uc9c0 \uc218\uc694\uc758 5\ubd84\uc758 1 \uc774\uc0c1\uc744 \ucc28\uc9c0\ud558\ub294 \uc911\uad6d\ub3c4 \uc5d0\ub108\uc9c0 \ud6a8\uc728\uc744 \ud68d\uae30\uc801\uc73c\ub85c \uac1c\uc120\ud558\uc5ec \uae00\ub85c\ubc8c \uc218\uc694\uac00 \ub354\uc6b1 \uc57d\ud654\ub418\uace0 \uc788\ub2e4.<\/p>\n

\uc694\uc57d\ud558\uc790\uba74, \uc790\uccb4\uc801\uc73c\ub85c \ucd1d\ub9e4\ucd9c\uc744 \uc131\uc7a5\uc2dc\ud0a4\ub824\ub294 \uc720\ud2f8\ub9ac\ud2f0 \ud68c\uc0ac\uc758 \ub178\ub825\uc740 \ub2f9\ubd84\uac04\uc740 \uc0c1\ub2f9\ud55c \uc5b4\ub824\uc6c0\uc5d0 \uc9c1\uba74\ud560 \uac83\uc774\ub2e4. \uc5d0\ub108\uc9c0 \uad00\ub828 CO2 \ubc30\ucd9c\ub7c9\uc744 \uc904\uc784\uc73c\ub85c\uc368 \uc9c0\uad6c \uc628\ub3c4\uac00 2\u00b0C \uc774\uc0c1 \uc0c1\uc2b9\ud558\uc9c0 \uc54a\ub3c4\ub85d \ud558\ub294 \ud30c\ub9ac\ud611\uc815\uc758 \ubaa9\ud45c\ub97c \ub2ec\uc131\ud558\ub824\uba74, \uc7ac\uc0dd \uc5d0\ub108\uc9c0\uc5d0 \ub300\ud55c \uc758\uc874\ub3c4\uac00 \ub354\uc6b1 \ub192\uc544\uc9c0\uace0 \ud5a5\ud6c4 \uba87 \ub144 \ub3d9\uc548 \uc0b0\uc5c5 \uc804\ubc18\uc758 \uc6b4\uc601\uc774 \ud06c\uac8c \ubc14\ub014 \uc218 \uc788\ub2e4. \uc5d0\ub108\uc9c0 \uc804\ud658\uc5d0\ub294 \uc0ac\uc5c5\ubaa8\ub378 \ud601\uc2e0 \ubc0f \uae30\uc5c5\uc774 \uc790\uccb4\uc801\uc73c\ub85c \ubcf4\uc720\ud558\uc9c0 \uc54a\uc740 \uacbd\uc6b0\uac00 \ub9ce\uc740 \uae30\uc220 \ubc0f \uc804\ubb38\uc9c0\uc2dd\uc774 \ud544\uc694\ud558\ubbc0\ub85c, \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\ub4e4\uc774 \ud544\uc694\ud55c \uc5ed\ub7c9\uc744 \ub2e4\ub978 \uacf3\uc5d0\uc11c \ucc3e\uc544\uc57c \ud558\ub294 \uc555\ubc15\uc774 \ub192\uc544\uc9c4\ub2e4.<\/p>\n

\uc885\ud569\ud574 \ubcfc \ub54c \uc774\ub7ec\ud55c \uc694\uc18c\ub4e4\uc740 \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\ub4e4\uc774 \uc131\uc7a5\uc744 \uc704\ud574 M&A\ub97c \ud0dd\ud558\ub294 \uac83 \ub9d0\uace0\ub294 \uc120\ud0dd\uc758 \uc5ec\uc9c0\uac00 \uc5c6\ub3c4\ub85d \ub9cc\ub4e4\uc5c8\ub2e4. 2018\ub144 \ud574\ub2f9 \uc5c5\uacc4\uc5d0\uc11c 1,200\uac74 \uc774\uc0c1\uc758 M&A \uac70\ub798\uac00 \uc77c\uc5b4\ub0ac\uc73c\uba70 \uac70\ub798 \uac00\uce58\uac00 2,150 \uc5b5 \ub2ec\ub7ec\ub85c, \uc804 \uc138\uacc4 M&A \uaddc\ubaa8\uc778 \ucd1d 3\uc870 \ub2ec\ub7ec\uc758 \uc57d 7%\ub97c \ucc28\uc9c0\ud588\ub2e4. \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\ub4e4\uc758 M&A \ub51c \uc911 80 % \uc774\uc0c1\uc774 \ubd81\ubbf8 \ubc0f \uc720\ub7fd\uae30\uc5c5\uc744 \uc778\uc218 \ub300\uc0c1\uc73c\ub85c \ud588\ub2e4. \ub3c4\ud45c 1\uc5d0 \ub530\ub974\uba74, \uc720\ub7fd \ud53c\uc778\uc218 \uae30\uc5c5 \ube44\uc911\uc774 2016\ub144 \ucd1d M&A \uac70\ub798\uc758 16%\uc5d0\uc11c 2018\ub144 26%\ub85c \ud2b9\ud788 \ube60\ub974\uac8c \uc99d\uac00\ud558\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc5b4\ub290 \uc815\ub3c4\ub294 \uc911\uad6d \ud22c\uc790\uc790\ub4e4\uc758 \uad00\uc2ec \uc99d\uac00\ub85c \uc778\ud55c \uac83\uc774\ub2e4. \uc7ac\uc0dd\uac00\ub2a5 \uc5d0\ub108\uc9c0\uc5d0 \ub300\ud55c \ud22c\uc790 \uc218\uc694\ub3c4 \uc99d\uac00\ud558\uace0 \uc788\ub2e4.<\/p>\n

\"\"<\/a><\/p>\n

\ud604\uc7ac\uae4c\uc9c0 \uc8fc\uc694 \uc5c5\uccb4\ub4e4\uc740 \uc0c8\ub85c\uc6b4 \ud22c\uc790 \ubc0f M&A \uac70\ub798\ub97c \uc704\ud574 \ucd5c\uc18c 3,000\uc5b5 \ub2ec\ub7ec\ub97c \ucd94\uac00\ub85c \ud560\ub2f9\ud558\uaca0\ub2e4\ub294 \uacc4\ud68d\uc744 \ubc1c\ud45c\ud588\ub2e4(\uc720\ub7fd 1,800\uc5b5 \ub2ec\ub7ec, \ubd81\ubbf8 1,000\uc5b5 \ub2ec\ub7ec, \uc544\ud0dc\uc9c0\uc5ed\uc5d0\uc11c \ucd5c\uc18c 200\uc5b5 \ub2ec\ub7ec). \uae30\uc5c5\ub4e4\uc740 \uc774\ubbf8 \ud5a5\ud6c4 4\ub144\uac04\uc758 \uc790\ubcf8\uc9c0\ucd9c \uacc4\ud68d\uc5d0 100\uac74 \uc774\uc0c1\uc758 M&A \uac70\ub798\ub97c \ud3ec\ud568 \uc2dc\ucf30\uc73c\uba70, \uadf8 \ub300\ubd80\ubd84\uc740 \uc778\uc218 \ub610\ub294 \uae30\ud0c0 \ud22c\uc790 \ud615\ud0dc\uac00 \ub420 \uac83\uc774\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ubbf8\uad6d\uc5d0\uc11c Dominion Virginia Power\u793e\ub294 \uc8fc\ub85c \uc7ac\uc0dd \uc5d0\ub108\uc9c0\ub97c \ub300\uc0c1\uc73c\ub85c \ud558\ub294 \uc57d 40\uc5b5 \ub2ec\ub7ec \ud22c\uc790\uc5d0 \ub300\ud574 \ubc1c\ud45c\ud588\ub2e4.<\/p>\n

3,000\uc5b5 \ub2ec\ub7ec\ub294 \uc608\uc0c1\ub418\ub294 \ucd5c\uc18c \uaddc\ubaa8\uc774\ub2e4. \uc911\uad6d \uae30\uc5c5\ub4e4\uc740 \ud22c\uc790\uc5d0 \ub300\ud55c \uc815\ud655\ud55c \uc218\uce58\ub97c \uacf5\uac1c\ud558\uc9c0 \uc54a\uc9c0\ub9cc China Three Gorges Corporation\u793e\ub294 \uc720\ub7fd\uacfc \uc911\ub0a8\ubbf8\uc5d0\uc11c\uc758 \ucd94\uac00 \ud22c\uc790 \uacc4\ud68d\uc744 \ubc1c\ud45c\ud588\ub2e4. \uc774\ub294 \ucd94\uc815\uc5d0 \ud3ec\ud568\ub418\uc9c0 \uc54a\uc740 \ub2e4\ub978 \ubc1c\uc0dd\uac00\ub2a5 \ub51c\uacfc \ud568\uaed8 \ud5a5\ud6c4 \uc2e4\uc81c \uc790\ubcf8\uc9c0\ucd9c\uc774 \ud6e8\uc52c \ub354 \ub192\uc744 \uac83\uc784\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uadf8\ub9ac\uace0 \ucd5c\uadfc\uc758 \uacbd\ud5d8\uc5d0 \ube44\ucd94\uc5b4\ubcfc \ub54c, \uc774\ub7ec\ud55c \uac70\ub798\ub4e4\uc740 \uc55e\uc73c\ub85c \uc774\ub8e8\uc5b4\uc9c8 M&A \uac70\ub798\uc758 \uadf9\ud788 \uc77c\ubd80\uc77c \ubfd0\uc774\ub2e4. \ub9ce\uc740 \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\ub4e4\uc740 \uac70\ub798\uc5d0 \ud544\uc694\ud55c \ud604\uae08\uc744 \ubcf4\uc720\ud558\uace0 \uc788\uc73c\uba70, \ucd5c\ub300 \uaddc\ubaa8 \uac70\ub798 \uc911 \uc77c\ubd80\ub294 \ubbf8\ub9ac \ubc1c\ud45c\ud558\uc9c0 \uc54a\ub294 \uacbd\uc6b0\ub3c4 \uc788\ub2e4.<\/p>\n

\uac8c\ub2e4\uac00 \ucf54\ub85c\ub09819 \ub300\uc720\ud589\uc758 \uc7a5\uae30\uc801\uc778 \uacbd\uc81c\uc801 \uc601\ud5a5\uc740 \uc5ec\uc804\ud788 \ubd88\ud655\uc2e4\ud558\uc9c0\ub9cc \uc720\ud2f8\ub9ac\ud2f0 \uc0b0\uc5c5\uc5d0\ub294 \uc774\ubbf8 \ubd80\uc815\uc801\uc778 \uc601\ud5a5\uc744 \ubbf8\ucce4\ub2e4. \uc11d\uc720 \ubc0f \uac00\uc2a4\uc758 \ud604\ubb3c\uac00\uaca9\uc774 \uae09\ub77d\ud558\uba70 \uc804\ub825 \ud604\ubb3c\uc2dc\uc7a5\ub3c4 \ud558\ub77d\ud588\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c \ub9ce\uc740 \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\ub4e4, \ud2b9\ud788 \ubc1c\uc804\uc5d0 \uc911\uc810\uc744 \ub454 \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\uc774 \uc5b4\ub824\uc6c0\uc744 \uacaa\uc744 \uac83\uc774\ub2e4. \uc601\ud5a5\uc774 \uc5bc\ub9c8\ub098 \uc624\ub798 \uc9c0\uc18d\ub420\uc9c0 \uc54c \uc218\ub294 \uc5c6\uc9c0\ub9cc, \uc7ac\uc815\uc801 \uace4\uacbd\uc5d0 \ube60\uc9c4 \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\uc774 \uc7ac\uc815\uc0c1\ud0dc\uac00 \uc591\ud638\ud55c \uae30\uc5c5\ub4e4\uc758 \uc778\uc218 \ub300\uc0c1\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uc804\ub7b5\uc801 \uadfc\uac70<\/strong><\/h3>\n

\uac00\uc7a5 \ucd5c\uadfc\uc758 M&A \uac70\ub798\ub4e4\uc740 \ub2e4\ub978 \uc2dc\uc7a5\uc5d0\uc11c \uacbd\uc7c1\uc0ac \ubc0f \uc5ec\ud0c0 \uae30\uc5c5\uc744 \uc778\uc218\ud558\ub824\ub294 \uc804\ub7b5\uc801 \uad6c\ub9e4\uc790\uac00 \uc218\ud589\ud588\ub2e4. \ucd5c\uadfc \uba87 \ub144 \ub3d9\uc548 \uae08\uc735 \ud22c\uc790\uc790\uc758 \uc218\ub3c4 \uc99d\uac00\ud558\uace0 \uc788\ub2e4\ub294 \ucd94\uc138\ub294 \uc8fc\ubaa9\ud560 \ub9cc \ud558\ub2e4. 2018\ub144\uc5d0\ub294 \uae08\uc735 \ud22c\uc790\uc790\uc758 M&A \uac70\ub798\uac00 27%\ub97c \ucc28\uc9c0\ud588\uc73c\uba70 \ube44\uc911\uc774 2\ub144 \uc804 \ub300\ube44 19 % \uc0c1\uc2b9\ud588\ub2e4. \uc720\ud2f8\ub9ac\ud2f0 \uae30\uc5c5\uc758 \uc0c1\ub2f9\uc218\uac00 \uaddc\uc81c\ub300\uc0c1 \uc0ac\uc5c5\uc73c\ub85c\uc368 \uc77c\uad00\ub418\uace0 \uc548\uc815\uc801\uc778 \uc218\uc775\uc744 \uc81c\uacf5\ud568\uc5d0 \ub530\ub77c \ud2b9\ud788 \uc0ac\ubaa8 \ud380\ub4dc \ubc0f \uc5f0\uae08 \ud380\ub4dc\uc5d0\uac8c \ub9e4\ub825\uc801\uc778 \ud22c\uc790\ub300\uc0c1\uc73c\ub85c \ube44\ucd94\uc5b4\uc9c4\ub2e4.<\/p>\n

\uc77c\ubc18\uc801\uc73c\ub85c \uc804\ub7b5\uc801 M&A \ud65c\ub3d9\uc740 \uc131\uc7a5 \uc678\uc5d0\ub3c4 \uc774\ud558\uc758 3\uac00\uc9c0 \ubaa9\ud45c\uc5d0 \uc9d1\uc911\ud55c\ub2e4.<\/p>\n