{"id":628,"date":"2018-11-28T17:19:13","date_gmt":"2018-11-28T08:19:13","guid":{"rendered":"https:\/\/bcgblog.kr\/?p=628"},"modified":"2020-04-29T14:34:23","modified_gmt":"2020-04-29T05:34:23","slug":"value-creation-chemicals-industry-rebounds-india-surges","status":"publish","type":"post","link":"https:\/\/bcgblog.kr\/value-creation-chemicals-industry-rebounds-india-surges\/","title":{"rendered":"\ud654\ud559\uc0b0\uc5c5\uc758 \ubc18\ub4f1\uacfc \uc778\ub3c4\uc758 \ubd80\uc0c1"},"content":{"rendered":"

 <\/p>\n

\ud654\ud559\uc0b0\uc5c5\uc774 \ud3c9\uade0 \uc774\uc0c1\uc758 \ucd1d\uc8fc\uc8fc\uc218\uc775\ub960\uc744 \uae30\ub85d\ud558\uace0 \uc788\ub2e4. \uc774\ub294 \ub2e4\ub978 \uc0b0\uc5c5\ub4e4\uc758 \uc218\uc775\ub960\uc774 \ud558\ub77d\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c \ud2b9\ud788 \uc8fc\ubaa9\ud560 \ub9cc\ud55c \uc131\uacfc\uc774\ub2e4. \uc9c0\ub09c \uba87 \ub144 \ub3d9\uc548 \uc911\uad6d, \uc77c\ubcf8, \uc778\ub3c4\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 \ud2b9\ud788 \ud6cc\ub96d\ud55c \uc2e4\uc801\uc744 \uae30\ub85d\ud588\ub2e4. \ubd81\ubbf8\uc5d0\uc11c\ub294, \uc77c\ubd80 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0(multispecialty) \uae30\uc5c5\ub4e4\uc758 \uacfc\uac10\ud55c \uc6c0\uc9c1\uc784\uc73c\ub85c \uc624\ub7ab\ub3d9\uc548 \uc2e4\uc801\uc774 \ubd80\uc9c4\ud588\ub358 \uc774 \ud558\uc704\ubd80\ubb38(subsector)\uc758 \uc2e4\uc801\uc774 \uac1c\uc120\ub418\uae30\ub3c4 \ud588\ub2e4. \ud55c\ud3b8, \uc720\ub7fd\uc758 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801\uc740 \uc5ec\uc804\ud788 \ubbf8\ubbf8\ud55c \uc218\uc900\uc73c\ub85c, \uc720\ub7fd \ud654\ud559 \uae30\uc5c5\ub4e4\uc758 \uc21c\uc704\ub294 \uc804\uccb4\uc801\uc73c\ub85c \ucd5c\ud558\uc704\ub85c \ud558\ub77d\ud588\ub2e4.<\/p>\n

 <\/p>\n

\uc2a4\ud398\uc15c\ud2f0\uc758 \uc9c8\uc8fc\ub294 \uacc4\uc18d\ub41c\ub2e4<\/strong><\/span><\/h3>\n

\ub2e4\ub978 \ud558\uc704\ubd80\ubb38\ub4e4\uc758 \uc21c\uc704\uac00 \uc0c1\uc2b9\ud558\uace0\ub294 \uc788\uc9c0\ub9cc, \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc740 \uc218\uc775\uc744 \ub354\uc6b1 \ud655\ub300\ud588\ub2e4. \ub9ce\uc740 \uae30\uc5c5\ub4e4\uc774 \ud398\uc778\ud2b8, \uc811\ucc29\uc81c \ubc0f \uac74\uc124\uc790\uc7ac \ub4f1 \uc2e0\ud765\uc2dc\uc7a5\uc5d0\uc11c \ub9e4\uc6b0 \ub192\uc740 \uc218\uc694\ub97c \uc790\ub791\ud558\ub294 \uc81c\ud488\uc744 \uc0dd\uc0b0\ud558\uace0 \uc788\ub2e4.<\/p>\n

\uc778\ub3c4\uc758 \ubd80\uc0c1<\/strong><\/span><\/h3>\n

\uc778\ub3c4\ub294 \uc774\ubbf8 \uc804 \uc138\uacc4\uc5d0\uc11c \uac00\uc7a5 \ube68\ub9ac \uc131\uc7a5\ud558\ub294 \ud654\ud559\uc2dc\uc7a5 \uc911 \ud558\ub098\uc600\uc9c0\ub9cc, \uc774\uc81c\ub294 \ud654\ud559\uc81c\ud488 \uc18c\ube44\uc758 \uc0c8\ub85c\uc6b4 \uc7a5\uc744 \uc5f4\uace0 \uc788\ub2e4. \uac00\uacc4\uc18c\ub4dd \uc99d\uac00\ub85c \uc778\ud574 \uc2a4\ud398\uc15c\ud2f0 \ud654\ud559\uc81c\ud488\uc758 \uc0ac\uc6a9\uc774 \ub354\uc6b1 \uc99d\uac00\ud558\uace0 \uc788\ub294 \uac83\uc774\ub2e4. \uc778\ub3c4\uc758 \uad6d\ub0b4 \uae30\uc5c5\ub4e4\uc740 \uace0\ubd80\uac00\uac00\uce58 \uc0c1\ud488 \uc0dd\uc0b0\uc5d0 \uc8fc\ub825\ud558\uace0, \ud574\uc678\uc5d0 \ubcf8\uc0ac\ub97c \ub454 \ub2e4\uad6d\uc801\uae30\uc5c5\ub4e4\uc740 \ud68c\uc0ac\uc124\ub9bd, \uc81c\ud734, \uc778\uc218 \ub4f1\uc758 \ubc29\ubc95\uc73c\ub85c \uc778\ub3c4\uc5d0\uc11c \uacbd\uc7c1\ub825 \uc788\ub294 \uc9c0\uc704\ub97c \ud655\ubcf4\ud558\uae30 \uc704\ud574 \ub178\ub825 \uc911\uc774\ub2e4.<\/p>\n

\uba87\uba87 \uc9c0\uc5ed \ubc0f \ud558\uc704 \ubd80\ubb38\uc758 \uc2e4\uc801\uac1c\uc120 \ub355\ubd84\uc5d0, \uc804\uccb4 \ud654\ud559\uc0b0\uc5c5\uc740 \uc8fc\uc8fc\uc218\uc775\ub960 \uce21\uba74\uc5d0\uc11c \ub2e4\ub978 \uc0b0\uc5c5\ub4e4\uc744 \ub2a5\uac00\ud558\ub294 \uc131\uc801\uc744 \uc62c\ub838\ub2e4. (\ubcf4\uae30 1 \ucc38\uc870.) \ud558\uc9c0\ub9cc \uae30\uc5c5\ubcc4\ub85c\ub294 \uc2e4\uc801\uc5d0 \ud070 \uaca9\ucc28\uac00 \uc788\uc73c\uba70, \uc774\ub294 \uae30\uc5c5\ub4e4\uc774 \uc804\ub7b5 \ubc0f \ucd5c\uc885 \uc2dc\uc7a5\uc744 \ucd94\uad6c\ud568\uc5d0 \uc788\uc5b4 \uc218\uc775\uc131 \uc788\ub294 \uc131\uc7a5\uc744 \uc5fc\ub450\uc5d0 \ub450\uc5b4\uc57c \ud558\ub294 \ud544\uc694\uc131\uc744 \ub2e4\uc2dc \ud55c \ubc88 \uac15\uc870\ud574 \uc900\ub2e4.<\/p>\n

\ud3c9\uade0 \ub300\ud615 \ud654\ud559\uae30\uc5c5\uc758 \ucd1d \uc8fc\uc8fc\uc218\uc775\ub960\uc740 2013\ub144\ubd80\ud130 2017\ub144\uc758 5\uac1c\ub144 \uae30\uac04 \ub3d9\uc548 \uadf8 \uc804 \uae30\uac04\uc5d0 \ube44\ud574 2% \ud3ec\uc778\ud2b8 \uc0c1\uc2b9\ud574 16%\ub97c \uae30\ub85d\ud588\ub2e4. 1 \ubcf4\uc2a4\ud134\ucee8\uc124\ud305\uadf8\ub8f9(Boston Consulting Group) \uc774 \uc791\ub144\ubd80\ud130 \ubcc4\ub3c4\ub85c \ud3c9\uac00\ud558\uae30 \uc2dc\uc791\ud55c \ubbf8\ub4dc\ucea1 \ud654\ud559 \uae30\uc5c5\uc758 TSR \uc740 \ubcc0\ud568\uc5c6\uc774 17%\uc600\ub2e4. \ud604\uc7ac \ub77c\uc9c0\ucea1\uacfc \ubbf8\ub4dc\ucea1 \ud654\ud559\uae30\uc5c5\uc758 TSR\uc740 TSR\uc774 \ud558\ub77d\ud55c \ub2e4\ub978 \uc0b0\uc5c5\ub4e4\uc758 TSR\uc744 \ucd08\uacfc\ud55c\ub2e4. \uc0c1\ub300\uc801\uc778 \uae30\uc900\uc5d0\uc11c \ubcfc \ub54c, \ub77c\uc9c0\ucea1 \ud654\ud559\uae30\uc5c5\ub4e4(\uc2dc\uc7a5\uac00\uce58\uac00 75\uc5b5 \ub2ec\ub7ec \uc774\uc0c1\uc778 \uae30\uc5c5\ub4e4)\uc740 2017\ub144 28\uc704\uc5d0\uc11c \uc62c\ud574 17\uc704\ub85c \uc21c\uc704\uac00 11\uacc4\ub2e8\uc774\ub098 \uc0c1\uc2b9\ud558\uba74\uc11c \ud2b9\ud788 \uad04\ubaa9\ud560 \ub9cc\ud55c \uc131\uacfc\ub97c \uae30\ub85d\ud588\ub2e4. \uc774\ub294 BCG\uac00 \ucd94\uc801\uc870\uc0ac\ud55c 34\uac1c \uc0b0\uc5c5 \uc911 \ub450 \ubc88\uc9f8\ub85c \ud070 \uc21c\uc704\uc0c1\uc2b9\uc774\uc5c8\ub2e4.<\/p>\n

\n

\ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 (focused-specialty) \ubd80\ubb38\uc740 <\/strong><\/span>
\n4\uac1c \uae30\uac04 \uc5f0\uc18d \ud654\ud559\uc0b0\uc5c5\uc5d0\uc11c <\/strong><\/span>
\n\uac00\uc7a5 \ub192\uc740 5\uac1c\ub144 TSR\uc744 \uae30\ub85d\ud588\ub2e4.<\/strong><\/span><\/p>\n

\ud2b9\ud788 \ud6cc\ub96d\ud55c \uc131\uc801\uc744 \ubcf4\uc778 \uac83\uc740 \uc2dc\uac00\ucd1d\uc561 50\uc5b5\uc5d0\uc11c 200\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\ub85c, \uc774\ub4e4\uc758 5\uac1c\ub144 TSR \uc911\uac04\uac12\uc740 18.7%\uc600\ub2e4. \uc774 \uac19\uc740 \ud6cc\ub96d\ud55c \uc131\uc801\uc740 \ub300\ubd80\ubd84 \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 (focused-specialty) \ubd80\ubb38\uc5d0\uc11c \ubc1c\uc0dd\ud588\uc73c\uba70, 4\uac1c \uae30\uac04 \uc5f0\uc18d \ud654\ud559\uc0b0\uc5c5\uc5d0\uc11c \uac00\uc7a5 \ub192\uc740 5\uac1c\ub144 TSR\uc744 \uae30\ub85d\ud588\ub2e4. \uc774 \uaddc\ubaa8\uc758 \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5 \uc911 3\ubd84\uc758 2\ub294 TSR\uc774 20% \uc774\uc0c1\uc774\uc5c8\ub2e4. \ubb3c\ub860 \uac19\uc740 \uaddc\ubaa8\uc758 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4 \uc911 \uc0c1\ub2f9\uc218\ub3c4 \uc778\uc0c1\uc801\uc778 \uc2e4\uc801\uc744 \uae30\ub85d\ud588\uc73c\uba70, \uc774\ub294 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\uc774 \uc804\uccb4\uc801\uc73c\ub85c \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uacfc \uacac\uc904 \ub9cc\ud55c \uc131\uc801\uc744 \uc62c\ub9b4 \uc218 \uc788\uc5c8\ub358 \uc774\uc720 \uc911 \ud558\ub098\uc774\ub2e4. 50\uc5b5\uc5d0\uc11c 200\uc5b5 \ub2ec\ub7ec\uc758 \uc2dc\uac00\ucd1d\uc561\uc744 \ubcf4\uc720\ud55c \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5 \uc911 \uc57d \uc808\ubc18\uc774 20%\uac00 \ub118\ub294 5\uac1c\ub144 TSR\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n

\uc774\ubc88 \ubd84\uc11d\ub300\uc0c1 \uc911 \uac00\uc7a5 \uaddc\ubaa8\uac00 \uc791\uc740 \uae30\uc5c5\ub4e4 \uc5ed\uc2dc \uc774\uc640 \uc720\uc0ac\ud558\uac8c \uc88b\uc740 \uc131\uc801\uc744 \ubcf4\uc600\ub294\ub370, \uc774 \uadf8\ub8f9\uc740 \ubcc0\ub3d9\uc131\uc774 \ud070 \ud3b8\uc774\uba70, 10\uc5b5\uc5d0\uc11c 50\uc5b5 \ub2ec\ub7ec\uc758 \uc2dc\uac00\ucd1d\uc561\uc744 \ubcf4\uc720\ud558\uace0 \uc788\ub2e4. \uc6b0\ub9ac\uac00 \uac80\ud1a0\ud55c \uc2e0\ud765\uc2dc\uc7a5 \ud654\ud559\uae30\uc5c5\ub4e4\uc758 \ub300\ubd80\ubd84\uc774 \uc774 \uadf8\ub8f9\uc5d0 \uc18d\ud55c\ub2e4. (\u2018TSR \uc0b0\uc815 \ubc0f \ubcf4\uace0 \ubc29\uc2dd\u2018 \ucc38\uc870.)<\/p>\n

\ubcf4\uae30 1.<\/strong> \ud654\ud559\uae30\uc5c5\uc758 TSR\uc740 \ub2e4\ub978 \uc0b0\uc5c5\uc5d0 \ube44\ud574 \ub192\uc740 \uc0c1\uc2b9\ub960\uc744 \uae30\ub85d\ud568<\/p>\n

\"\"<\/p>\n

 <\/p>\n

\ub3d9\ubd81\uc544\uc2dc\uc544\uac00 \uc804\uccb4\uc801\uc73c\ub85c \ucd5c\uace0 \uc131\uc801\uc744 \uae30\ub85d<\/strong><\/span><\/h3>\n

3\ubc88\uc758 5\uac1c\ub144 \uae30\uac04 \ub3d9\uc548 \ubd81\ubbf8\uc9c0\uc5ed\uc758 \ud654\ud559\uae30\uc5c5\uc774 \uc2e4\uc801 \uce21\uba74\uc5d0\uc11c \ucd5c\uc0c1\uc704 \ud639\uc740 \uac70\uc758 \ucd5c\uc0c1\uc704 \uae30\ub85d\uc744 \ubcf4\uc778\ub370 \uc774\uc5b4, \uc774\uc81c \uc5c5\uacc4 \ucd5c\uace0 \uc218\uc775\uc740 \ub2e4\uc2dc \uc544\uc2dc\uc544 \uae30\uc5c5\uc5d0\uc11c \ubc1c\uc0dd\ud558\uace0 \uc788\ub2e4. (\ubcf4\uae30 2 \ucc38\uc870.) \ub3d9\ubd81\uc544\uc2dc\uc544\ub294 \uac00\uc7a5 \ub192\uc740 5\uac1c\ub144 TSR\uc744 \uae30\ub85d\ud558\uace0 \uc788\uc73c\uba70, \uc774 \uac15\ub825\ud55c \uc2e4\uc801\uc740 \uac70\uc758 \ub300\ubd80\ubd84 \uc77c\ubcf8\uc5d0\uc11c \ubc1c\uc0dd\ud588\ub2e4. \ud3c9\uade0 \uc77c\ubcf8 \ud654\ud559\uae30\uc5c5\uc758 \uac00\uc7a5 \ucd5c\uadfc 5\uac1c\ub144 TSR \uc740 24%\uc600\uc73c\uba70, \uc774\ub294 2012\ub144\uc5d0\uc11c 2016\ub144 \uc758 \uae30\uac04\uc5d0 \uc774\ubbf8 19%\ub77c\ub294 \ud6cc\ub96d\ud55c \uc131\uc801\uc744 \uae30\ub85d\ud55c \ub370 \ub4a4\uc774\uc740 \uc131\uacfc\uc600\ub2e4. (\uadf8 \uc804 \ub450 \ubc88\uc758 5\uac1c\ub144 \uae30\uac04 \ub3d9\uc548, \uc77c\ubcf8\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 \uac01\uac01 13%\uc640, 11%\uc758 TSR\uc911\uac04\uac12\uc744 \uae30\ub85d\ud588\ub2e4.)<\/p>\n

\uc77c\ubcf8\ud654\ud559\uae30\uc5c5 TSR \uc0c1\uc2b9\uc758 \uc0c1\ub2f9\ubd80\ubd84\uc740 \uc18c\uc704 \u2018\ud604\uae08\ud750\ub984 \ud6a8\uacfc\u2018, \uc989 \uc7ac\uc815\uc815\ucc45\uc758 \ubcc0\ud654\uc5d0 \uae30\uc778\ud55c \uac83\uc774\ub2e4. \uc608\ub97c \ub4e4\uc5b4, 2013-2017\ub144 \uae30\uac04 \ub3d9\uc548 \uc77c\ubcf8 \ud654\ud559\uae30\uc5c5 \uc911 \ucd5c\uace0\uc131\uc801\uc744 \uae30\ub85d\ud55c Tosoh TSR \uc758 \uc57d 3\ubd84\uc758 2\ub294 \ub514\ub808\ubc84\ub9ac\uc9d5(deleveraging) \ub355\ubd84\uc774\uc5c8\ub2e4. \ub9c8\ucc2c\uac00\uc9c0\ub85c \uc77c\ubcf8\uc5d0\uc11c \uc0c1\uc704 6\uc704 \ud654\ud559\uae30\uc5c5\uc778 Tokuyama TSR\uc758 3\ubd84\uc758 2\ub294 \ubd80\ucc44\uac10\uc18c\ub85c \uc778\ud55c \uac83\uc774\uc5c8\ub2e4.<\/p>\n

\uc77c\ubcf8 \uae30\uc5c5\ub4e4\uc740 \uacf5\uae09\uc6d0\ub8cc \uc6b0\uc704\uac00 \uc5c6\ub294 \uc120\uc9c4\uad6d\uc5d0\uc11c\ub294 \ucd94\uc9c4\ud558\uae30 \uc5b4\ub824\uc6cc\uc9c4 \uae30\ucd08 \ud654\ud559\ubb3c \ubc0f \ud50c\ub77c\uc2a4\ud2f1 \ubd80\ubb38\uc5d0\uc11c \ub300\ubd80\ubd84 \ubc97\uc5b4\ub0ac\ub2e4. \uc120\uc9c4\uad6d\uc5d0\uc11c\ub294 \uc2e4\uc801\uc774 \ubd80\uc9c4\ud55c \uae30\ucd08\ud654\ud559\ubb3c \uae30\uc5c5\ub4e4(TSR\uc774 \ud654\ud559\uc0b0\uc5c5 \ud3c9\uade0\uc744 \ubc11\ub3c4\ub294)\uc758 \uc218\uac00 \uc2e4\uc801\uc774 \uc6b0\uc218\ud55c \uae30\uc5c5\ub4e4\uc758 2\ubc30\uac00 \ub118\ub294\ub2e4. \uc774\uc81c \uae30\ucd08 \ud654\ud559\ubb3c \uae30\uc5c5\ub4e4\uc740 \uc120\uc9c4\uad6d \uc2dc\uc7a5\uc5d0\uc11c \ub9e4\ub825\uc774 \uac70\uc758 \uc5c6\ub294 \uac83\uc73c\ub85c \ubcf4\uc774\ub294\ub370, \ub2e4\ub978 \ud558\uc704\ubd80\ubb38\uc5d0 \ube44\ud574 \uac00\uce58\ud3c9\uac00 \uc2b9\uc218\uac00 \uc0c1\ub300\uc801\uc73c\ub85c \ub354\ub514\uac8c \uc99d\uac00\ud558\ub294 \uac83\ub9cc \ubd10\ub3c4 \uc54c \uc218 \uc788\ub2e4.<\/p>\n

\n

TSR \uc0b0\ucd9c \ubc0f \ubcf4\uace0 \ubc29\ubc95<\/strong><\/span><\/h3>\n

\uc77c\uc815 \uae30\uac04 \ub3d9\uc548 \uc8fc\uac00 \ubcc0\ub3d9 \ubc0f \uc8fc\uc8fc\uc758 \uc21c\uc790\uc0b0\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\ub294 \uc5ec\ub7ec \uc694\uc18c\uac00 \ubc18\uc601\ub41c \ucd1d\uc8fc\uc8fc\uc218\uc775\ub960(TSR)\uc740 \uc5ec\ub7ec \uc694\uc18c\ub4e4\uc774 \uacb0\ud569\ub418\uc5b4 \ub098\ud0c0\ub09c \uacb0\uacfc\ubb3c\uc774\ub2e4. BCG\uc758 \uac00\uce58 \ucc3d\ucd9c \uae30\uc5c5 \ubcf4\uace0\uc11c\uc758 \ub3c5\uc790\ub77c\uba74 TSR\uc744 \uad6c\uc131\ud558\ub294 \uc694\uc18c\uac00 TSR\uc5d0 \uae30\uc5ec\ud558\ub294 \uc815\ub3c4\ub97c \uc815\ub7c9\ud654\ud558\uae30 \uc704\ud574 \uc0ac\uc6a9\ud558\ub294 \ubc29\ubc95\uc744 \uc798 \uc54c\uace0 \uc788\uc744 \uac83\uc774\ub2e4(\uc544\ub798 \ucc38\uc870). TSR \uc694\uc18c \ubcc4 \uae30\uc5ec\ub3c4 \ud3c9\uac00 \ubaa8\ub378\uc740 \ud574\ub2f9 \uae30\uc5c5\uc758 \uadfc\uc6d0\uc801 \uac00\uce58\uc758 \uac1c\uc120\uc744 \ud30c\uc545\ud558\uae30 \uc704\ud574 \ub9e4\ucd9c \uc99d\uac00\uc728\uacfc \ub9c8\uc9c4 \ubcc0\ub3d9\ub960\uc744 \ud568\uaed8 \ubc18\uc601\ud55c\ub2e4. \uadf8 \ub2e4\uc74c\uc5d0\ub294 \ud22c\uc790\uc790\ub4e4\uc758 \uae30\ub300\uac00 TSR\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \ud30c\uc545\ud558\uae30 \uc704\ud574 \uae30\uc5c5\uc758 \uac00\uce58\ud3c9\uac00 \uc2b9\uc218 \uc99d\uac10\uc744 \ud3c9\uac00\ud55c\ub2e4. \uc774 \ub450 \uac00\uc9c0 \uc694\uc778\uc744 \ud1b5\ud574 \ud574\ub2f9 \uae30\uc5c5\uc758 \uc2dc\uac00\ucd1d\uc561\uc744 \uc54c \uc218 \uc788\ub2e4. \ub9c8\uc9c0\ub9c9\uc73c\ub85c \uc789\uc5ec\ud604\uae08\ud750\ub984 \uc9c0\uae09\uc774 \uae30\uc5c5\uc758 TSR\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \ud30c\uc545\ud558\uae30 \uc704\ud574 \ubc30\ub2f9\uae08, \uc790\uc0ac\uc8fc\ub9e4\uc785, \ubd80\ucc44 \uc0c1\ud658\uc758 \ud615\ud0dc\ub85c \ud22c\uc790\uc790\ub4e4\uacfc \ucc44\uad8c\uc790\ub4e4\uc5d0\uac8c \ub3cc\uc544\uac00\ub294 \uc789\uc5ec \ud604\uae08 \ud750\ub984\uc744 \ubd84\uc11d\ud55c\ub2e4.<\/p>\n

\uc704\uc758 \ubaa8\ub4e0 \uc694\uc18c\ub294 \uc0c1\ud638 \uc791\uc6a9\uc744 \ud558\ub294\ub370 \uc608\uce21\ud560 \uc218 \uc5c6\ub294 \ubc29\uc2dd\uc73c\ub85c \uc0c1\ud638 \uc791\uc6a9\ud558\uae30\ub3c4 \ud55c\ub2e4. \uae30\uc5c5\uc740 \uc778\uc218\ub97c \ud1b5\ud574 \uc8fc\ub2f9\uc21c\uc774\uc775\uc744 \uc62c\ub9b4 \uc218 \uc788\uc9c0\ub9cc \uadf8 \uc778\uc218\ub85c \uc778\ud574 \uae30\uc5c5\uc758 \ucd1d \ub9c8\uc9c4\uc774 \uc7a0\uc2dd\ub418\uba74 TSR\uc744 \ucc3d\ucd9c\ud558\uc9c0 \ubabb\ud560 \uc218\ub3c4 \uc788\ub2e4. \ub610\ud55c, \ud2b9\uc815 \uc720\ud615\uc758 \ud604\uae08 \uae30\uc5ec(\uc608: \ubc30\ub2f9\uae08)\uc774 \ub2e4\ub978 \uc720\ud615(\uc608: \uc790\uc0ac\uc8fc\ub9e4\uc785) \uc5d0 \ube44\ud574 \uae30\uc5c5\uc758 \uac00\uce58\ud3c9\uac00 \uc2b9\uc218\uc5d0 \ub2e4\ub978 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\ub2e4.<\/p>\n

\uc774\ubc88 \ubcf4\uace0\uc11c\uc5d0\uc11c \uadf8\ub8f9\uc5d0 \uc801\uc6a9\ub418\uace0 \ube44\uad50 \ubaa9\uc801\uc73c\ub85c \uc0ac\uc6a9\ub41c TSR\uc740 \ubaa8\ub450 \uc911\uac04\uac12\uc774\ub2e4. \uac1c\ubcc4 \uae30\uc5c5\uc758 TSR\uc740 \ud574\ub2f9 \uae30\uc5c5\uc758 \uc790\ubcf8 \uc99d\uac00\uc640 \ud604\uae08\ud750\ub984\uc744 \uae30\ubc18\uc73c\ub85c \ub2e8\uc21c \uacc4\uc0b0\ud558\uc5ec \uc77c \ub2e8\uc704 \ub610\ub294 \uc18c\uc218\uc810 \ud55c \uc790\ub9ac\uae4c\uc9c0 \ubc18\uc62c\ub9bc\ud558\uc600\ub2e4.<\/p>\n

TSR\uc740 \uc5ec\ub7ec \uc694\uc18c\ub4e4\uc774 \uacb0\ud569\ub418\uc5b4 \ub098\ud0c0\ub09c \uacb0\uacfc\ubb3c\uc784<\/p>\n

\"\"<\/p>\n

 <\/p>\n

\n

\ud55c\uad6d\uc758 \ud654\ud559\uae30\uc5c5\ub4e4- \uc6b0\ub9ac\uac00 \ubd84\uc11d\ud55c \ub3d9\ubd81\uc544\uc2dc\uc544\uc758 \ub098\uba38\uc9c0 \ud55c \uadf8\ub8f9-\uc740 \uc2a4\uc2a4\ub85c \ubd88\ub9ac\ud558\uac8c\ub3c4, \uc5ec\uc804\ud788 \uae30\ucd08 \ud654\ud559\ubb3c \ucabd\uc5d0 \ub9ce\uc774 \uce58\uc911\ud574 \uc788\ub2e4. \uc774\uac83\uc774 \uc8fc\uc8fc\uc218\uc775\ub960\uc758 \ubc1c\ubaa9\uc744 \uc7a1\ub294 \uc694\uc778\uc774 \ub418\uc5b4, \ud55c\uad6d \ud654\ud559\uae30\uc5c5\ub4e4\uc758 5\uac1c\ub144 TSR \uc911\uac04\uac12\uc740 \uaca8\uc6b0 8%\uc5d0 \ubd88\uacfc\ud588\ub2e4. \ub2e8\uc9c0 \uc18c\uaddc\ubaa8 \uae30\ucd08 \ud654\ud559\ubb3c \uae30\uc5c5 2\uac1c\uc0ac (\ub300\ud55c\uc720\ud654\uc8fc\uc2dd\ud68c\uc0ac(Korea Petrochemical Industrial Company)\uc640 \ud3ec\uc2a4\ucf54\ucf10\ud14d(Posco Chemtech)\ub9cc\uc774 \ud654\ud559\uc0b0\uc5c5\ud3c9\uade0\uc744 \uc6c3\ub3c4\ub294 TSR\uc744 \uae30\ub85d\ud588\uc73c\uba70, \ub098\uba38\uc9c0 \uae30\uc5c5\ub4e4\uc740 \ubaa8\ub450 \ud3c9\uade0 \uc774\ud558\uc758 TSR\uc744 \ubcf4\uc600\ub2e4. \ud55c\uad6d\uc758 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4 \uc5ed\uc2dc \uace0\uc804\uc744 \uba74\uce58 \ubabb\ud558\uba74\uc11c \uac00\uc7a5 \ucd5c\uadfc \uae30\uac04\uc5d0 \uac04\uc2e0\ud788 3%\uc758 TSR\uc911\uac04\uac12\uc744 \uae30\ub85d\ud558\ub294\ub370 \uadf8\ucce4\ub2e4. \uc6b0\ub9ac\uac00 \uc870\uc0ac\ud55c \ud55c\uad6d \uae30\uc5c5 \uc218\ub294 \uc77c\ubcf8 \uae30\uc5c5 \uc218\uc758 3\ubd84\uc758 1\uc774\uc5c8\uae30 \ub54c\ubb38\uc5d0, \uc0c1\ub300\uc801\uc73c\ub85c \ubd80\uc2e4\ud55c \ud55c\uad6d\ud654\ud559\uae30\uc5c5\ub4e4\uc758 \uc2e4\uc801\uc774 \uc774 \uc9c0\uc5ed \ud654\ud559\uae30\uc5c5 TSR\uc5d0 \uc808\ub300\uc801\uc778 \ud0c0\uaca9\uc744 \ubbf8\uce58\uc9c0\ub294 \ubabb\ud588\ub2e4. \ud558\uc9c0\ub9cc, \ud55c\uad6d\uae30\uc5c5\uc758 \uc2e4\uc801\uc740 \ub3d9\ubd81\uc544\uc2dc\uc544 TSR\uc5d0 \uc5b4\ub290 \uc815\ub3c4\uc758 \ud558\ub77d\ud6a8\uacfc\uac00 \uc788\uc5c8\uace0, \uc774 \uc9c0\uc5ed\uc758 TSR \uc911\uac04\uac12\uc740 21%\ub97c \uae30\ub85d\ud588\ub2e4.<\/p>\n

\ubcf4\uae30 2.<\/strong> \ub3d9\ubd81 \uc544\uc2dc\uc544 \ud654\ud559\uae30\uc5c5\ub4e4\uc774 \uac00\uc7a5 \ub192\uc740 TSR\uc744 \uae30\ub85d\ud568<\/p>\n

\"\"<\/p>\n

<\/h3>\n

\uc778\ub3c4\uac00 \uc2e0\ud765\uc2dc\uc7a5\uc744 \uc8fc\ub3c4<\/strong><\/span><\/h3>\n

\ub3d9\ubd81\uc544\uc2dc\uc544\uc758 \ub4a4\ub97c \uc774\uc5b4, \uc2e0\ud765\uc2dc\uc7a5\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 18%\uc758 5\uac1c\ub144 TSR\ub85c \ucd5c\uace0\uc758 \uc2e4\uc801\uc744 \uad6c\uac00\ud588\ub2e4. \uc774\uc81c, \ub610 \uc544\uc2dc\uc544, \uad6c\uccb4\uc801\uc73c\ub85c\ub294 \uc778\ub3c4\uc5d0 \ub300\ud574 \uc774\uc57c\uae30\ud574\ubcf4\uc790. \uc6b0\ub9ac\uac00 \ubd84\uc11d\ud55c \ubaa8\ub4e0 \uc778\ub3c4\uae30\uc5c5\ub4e4-\uc62c\ud574 \ucc98\uc74c 10\uc5b5\ub2ec\ub7ec\ub77c\ub294 \uc2dc\uac00\ucd1d\uc561 \uae30\uc900\uc744 \ub118\uc740 6\uac1c \uae30\uc5c5\uc744 \ud3ec\ud568\ud574-\uc740 \ud654\ud559\uc0b0\uc5c5 \ud3c9\uade0\uc744 \ub118\ub294 5\uac1c\ub144 TSR \uc911\uac04\uac12\uc744 \uae30\ub85d\ud588\ub2e4. \uc778\ub3c4\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\uc5d0\uc11c\ub294 \uc778\ub3c4\uc758 \ube60\ub978 \uacbd\uc81c\uc131\uc7a5\uc18d\ub3c4, \ud654\ud559\ubb3c\uc5d0 \ub300\ud55c \uc218\uc694\uc99d\uac00, 2013\ub144\uc5d0\uc11c 2017\ub144 \uc0ac\uc774 70% \uc774\uc0c1 \uc131\uc7a5\ud55c \uc778\ub3c4\uc758 \uc8fc\uc2dd\uc2dc\uc7a5 \ub4f1TSR \uad00\uc810\uc5d0\uc11c \uc5ec\ub7ec \uac00\uc9c0 \ubcc0\ud654\uac00 \uc77c\uc5b4\ub098\uace0 \uc788\ub2e4. (\uc778\ub3c4\uc758 \ud654\ud559\uc0b0\uc5c5\uc5d0 \ub300\ud55c \ubcf4\ub2e4 \uc790\uc138\ud55c \ub17c\uc758\uc5d0 \ub300\ud574\uc11c\ub294 \uc774\ud558 \ucc38\uc870.)<\/p>\n

\uc778\ub3c4\uac00 \ud6cc\ub96d\ud55c TSR \uc2e4\uc801\uc744 \ubcf4\uc774\uace0 \uc788\ub294 \uc720\uc77c\ud55c \uc2e0\ud765\uad6d\uc740 \uc544\ub2c8\ub2e4. \uc2e0\ud765\uc2dc\uc7a5 \uadf8\ub8f9(\ub2e4\ub978 \uc5b4\ub5a4 \uc9c0\uc5ed\uc758 \uae30\uc5c5\ub4e4\ubcf4\ub2e4\ub3c4 TSR\uc0c1\uc2b9\uc774 \ub192\uc740)\uc758 \uc0c1\uc2b9\uc138\ub294 \uc77c\ubd80\ubd84 \ud130\ud0a4\uc5d0 \ubcf8\uc0ac\ub97c \ub454 \ud654\ud559\uae30\uc5c5 Petkim Petrokimya\uc640 Soda Sanayii (5\uac1c\ub144 TSR \uac01\uac01 40.4%\uc640 38.2%) \ub355\ubd84\uc774\uc5c8\ub2e4. \ud544\ub9ac\ud540\uc758 \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\uc778 D&L Industries\ub294 40%, \ud30c\ud0a4\uc2a4\ud0c4\uc758 \ube44\ub8cc\ud68c\uc0ac\uc778 Engro\ub294 31.1% \uc758 TSR\uc744 \uae30\ub85d\ud588\ub2e4. \uc2e0\ud765\uc2dc\uc7a5 \ud654\ud559\uae30\uc5c5 \uadf8\ub8f9\ub4e4\uc740 \ub610\ud55c \uc6b0\ub9ac \uc870\uc0ac\ub300\uc0c1 \uc911 TSR\uc758 \uaca9\ucc28\uac00 \uac00\uc7a5 \ud06c\uac8c \ub098\ud0c0\ub09c \uadf8\ub8f9\uc73c\ub85c \ud2b9\ud788 \uc0ac\uc6b0\ub514 \uc544\ub77c\ube44\uc544 \uae30\uc5c5\ub4e4\uc740 \uac70\uc758 \ud3c9\uade0\ubcf4\ub2e4 \ud6e8\uc52c \ubabb\ud55c \uc131\uc801\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n

\uc911\ud654\uad8c(Greater China)\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 \uacc4\uc18d\ud574\uc11c \uac00\ud30c\ub978 \uc131\uc7a5\uc744 \ubcf4\uc774\uba70 \uc804\uccb4 \uc9c0\uc5ed\uadf8\ub8f9 \uc911 3\ubc88\uc9f8\ub85c \ub192\uc740 TSR \uc911\uac04\uac12 17% \ub97c \uae30\ub85d\ud588\ub2e4. \uc774\ub97c \uac00\ub2a5\ud558\uac8c \ud55c \uc77c\ub4f1\uacf5\uc2e0\uc740 \ub2e4\ub984\uc544\ub2cc \ub9e4\ucd9c\uc131\uc7a5\ub960\ub85c, \uae30\uc5c5 \ub2f9 11%\uc758 \uc911\uac04\uac12\uc744 \uae30\ub85d\ud588\ub294\ub370, \uc774\ub294 \uc57d 7%\uc744 \uae30\ub85d\ud55c \uc911\uad6d\uc758 GDP \uc131\uc7a5\ubcf4\ub2e4\ub3c4 \ub192\uc740 \uac83\uc774\ub2e4. \uc911\uad6d\uc758 \ud654\ud559\uc0b0\uc5c5\uc774 \uad6d\uac00 GDP \ubcf4\ub2e4\ub3c4 \uae09\uc131\uc7a5\ud560 \uc218 \uc788\uc5c8\ub358 \uac83\uc740 \u201a\u2018\ub300\uccb4\u2018-\ubabb\uc744 \ud654\ud559\uc811\ucc29\uc81c\ub85c \ub300\uccb4\ud558\ub294 \ub4f1-\uc640 \uc0b0\uc5c5\uac00\uce58\uc0ac\uc2ac \uac70\uc758 \ubaa8\ub4e0 \ubd80\ubd84\uc5d0\uc11c \ud654\ud559\ubb3c\uc774 \uc0ac\uc6a9\ub41c \uac83\uc758 \uacb0\uacfc\uc600\ub2e4. \uc608\uc804\uc5d0\ub294 \uc218\uc785\uc5d0 \uc758\uc874\ud588\ub358 \ud654\ud559\ubb3c\uc744 \uc911\uad6d\uae30\uc5c5\ub4e4\uc774 \uc0dd\uc0b0\ud558\uae30 \uc2dc\uc791\ud55c \uac83\ub3c4 \uc131\uc7a5\uc758 \ub610 \ub2e4\ub978 \uc694\uc778\uc774\uc5c8\ub2e4.<\/p>\n

\n

\uac70\uc758 \ubaa8\ub4e0 \ud558\uc704\ud074\ub7ec\uc2a4\ud130\uc758 \ud654\ud559\ubb3c\ub4e4-<\/strong><\/span>
\nPVC\uc5d0\uc11c \uc911\uac04\uccb4(intermediate), \uc81c\uc57d \uc6d0\ub8cc\uc5d0 \uc774\ub974\uae30\uae4c\uc9c0-<\/strong><\/span>
\n\uc774 \ub450 \uc790\ub9bf\uc218\uc758 \ub9e4\ucd9c\uc131\uc7a5\uc744 \ub204\ub9ac\uace0 \uc788\ub2e4.<\/strong><\/span><\/p>\n

\uc911\ud654\uad8c \ud654\ud559\uc0b0\uc5c5\uc758 \ube60\ub978 \uc131\uc7a5\uc740 \uc5b4\ub290 \ud2b9\uc815 \uc0dd\uc0b0\ubd84\uc57c\uc5d0 \uad6d\ud55c\ub418\uc5b4 \uc788\uc9c0 \uc54a\ub2e4. \uac70\uc758 \ubaa8\ub4e0 \ud558\uc704\ud074\ub7ec\uc2a4\ud130\uc758 \ud654\ud559\ubb3c\ub4e4-PVC\uc5d0\uc11c \uc911\uac04\uccb4(intermediate), \uc81c\uc57d \uc6d0\ub8cc\uc5d0 \uc774\ub974\uae30\uae4c\uc9c0-\uc774 \ub450 \uc790\ub9bf\uc218\uc758 \ub9e4\ucd9c\uc131\uc7a5\uc744 \ub204\ub9ac\uace0 \uc788\ub2e4.<\/p>\n

\uc9c0\ub09c \uba87 \ub144\uac04, \uc911\ud654\uad8c\uc5d0\uc11c \uc131\uacf5\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc8fc\ub85c \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0\uc5d0 \uc9d1\uc911\ud574\uc57c \ud588\ub2e4. \uc911\uad6d\uc5d0\uc11c 1\uc704 TSR \uc2e4\uc801\uc744 \uae30\ub85d\ud55c Shanghai Kinlita Chemical (5\uac1c\ub144TSR 51.9%)\uc744 \ud3ec\ud568\ud574, TSR \uc0c1\uc704 10\uc704\uad8c \uae30\uc5c5\ub4e4 \uc911 7\uac1c\uac00 \uc774 \ud558\uc704\ubd80\ubb38\uc5d0 \uc18d\ud574 \uc788\ub2e4. Kinlita (\uae08\ub144\ub3c4 \uc870\uc0ac\uc5d0 \uc0c8\ub86d\uac8c \ucd94\uac00\ub428) \ub294 \uad50\ud1b5 \ubc0f \uc790\ub3d9\ucc28 \uc0b0\uc5c5\uc5d0 \ud398\uc778\ud2b8\uc640 \ucf54\ud305\uc744 \uc81c\uacf5\ud558\ub294 \uae30\uc5c5\uc774\ub2e4. \uc911\uad6d\uc758 2\uc704 \uae30\uc5c5\uc740 Shandong Sinocera Functional Material \ub85c \ub2e4\uc591\ud55c \uc804\uc790\uc81c\ud488\uc5d0 \uc0ac\uc6a9\ub418\ub294 \uc138\ub77c\ubbf9 \ud30c\uc6b0\ub354\ub97c \uc0dd\uc0b0\ud55c\ub2e4. Sinocera(5\uac1c\ub144 TSR 36.7%)\ub294 \ucca8\uac00\uc81c\uc640 \uae30\ub2a5\uc131 \ud654\ud559\ubb3c\uc744 \uc804\ubb38\uc801\uc73c\ub85c \ucde8\uae09\ud558\uba70 \ud3c9\uade0\uc774\uc0c1\uc758 TSR\uc744 \uc790\ub791\ud558\ub294 4\uac1c \uc911\uad6d\uae30\uc5c5 \uc911 \ud558\ub098\uc774\ub2e4.<\/p>\n

\uc7a5\uae30\uc801\uc778 \uad00\uc810\uc5d0\uc11c, \uc6b0\ub9ac\ub294 \uc911\uad6d\uc815\ubd80\uc758 \ud658\uacbd\ubcf4\ud638\uc5d0 \ub300\ud55c \uad00\uc2ec\uc774 \ucee4\uc9c0\uba74\uc11c, \uc911\uad6d \ud654\ud559\uc0b0\uc5c5\uc5d0 \uc0c1\ub2f9\ud55c \uc601\ud5a5\uc774 \uc788\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4. \ud658\uacbd\uad00\ub828 \uaddc\uc81c(\ub300\uae30\uc9c8, \uc218\uc9c8, \uace0\uccb4 \ud3d0\uae30\ubb3c \ub4f1\uc5d0 \uad00\ud55c)\ub294 \ub300\ubd80\ubd84 \uae30\ucd08 \ud654\ud559\ubb3c \uae30\uc5c5\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce60 \uac83\uc774\ub2e4. \uc774 \uae30\uc5c5\ub4e4\uc740 \uc790\uc0b0\uc9d1\uc57d\uc801\uc774\uace0, \ub300\ubd80\ubd84 \uc624\uc5fc\uc218\uc900\uc774 \uc0c1\ub2f9\ud788 \ub192\uc740 \ubd80\ubb38\uc5d0\uc11c \uc6b4\uc601\ub418\uace0 \uc788\ub2e4. \uacf5\uc7a5\ub4e4\uc774 \ubb38\uc744 \ub2eb\uace0 \uc790\uc0b0 \uae30\ubc18\uc774 \ud1b5\ud569\ub418\uba74, \uc911\uad6d\uc758 \uae30\ucd08\ud654\ud559\ubb3c \ubd80\ubb38\uc744 \uad34\ub86d\ud600 \uc654\ub358 \uc0dd\uc0b0\uacfc\uc789\ubb38\uc81c\uac00 \ud574\uc18c\ub420 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \uae30\ucd08\ud654\ud559\ubb3c \ubd80\ubb38\uc740 \uac74\uc804\uc131\uc744 \ud68c\ubcf5\ud558\uace0 \uc218\uc775\ub3c4 \uc0c1\uc2b9\ud560 \uac83\uc774\ub2e4. \uc774\ub294 \uad6d\uc601\uae30\uc5c5\uacfc \ub2e4\uad6d\uc801 \uae30\uc5c5\ub4e4 \ub4f1 \uc0c8\ub85c\uc6b4 \ud658\uacbd\uc694\uac74\uc744 \uc900\uc218\ud560 \uc218 \uc788\ub294 \uc7ac\uc6d0\uc744 \uac16\ucd94\uace0 \uc788\ub294 \ub300\ud615 \uae30\uc5c5\ub4e4\uc5d0\uac8c \ud61c\ud0dd\uc774 \ub420 \uac83\uc774\ub2e4.<\/p>\n

 <\/p>\n

\ubd81\ubbf8\uc640 \uc720\ub7fd\uc758 \uc2e4\uc801 \uaca9\ucc28<\/strong><\/span><\/h3>\n

\uc5bc\ub9c8 \uc804\uae4c\uc9c0\ub9cc \ud574\ub3c4 \uc774 \uc9c0\uc5ed\uc5d0\uc11c \ucd5c\uc800\uc2e4\uc801\uc744 \uae30\ub85d\ud588\uc5c8\ub358 \ubd81\ubbf8\uc758 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc774 \uc6b0\uc218\ud55c \uc2e4\uc801\uc744 \uc62c\ub838\ub2e4. (\ubcf4\uae30 3 \ucc38\uc870.) \uc774 \uae30\uc5c5\ub4e4\uc758 TSR \uc911\uac04\uac12(18.8%)\uc740 \ud604\uc7ac \uc774 \uc9c0\uc5ed \ud654\ud559\uae30\uc5c5 \uc804\uccb4\uc758 TSR(15%)\uc744 \ucd08\uacfc\ud558\ub294\ub370, \uc774\ub294 BCG\uac00 \ud654\ud559\uc0b0\uc5c5\uc744 \ud3c9\uac00\ud55c 6\ub144\ub3d9\uc548 \ucc98\uc74c \uc788\ub294 \uc77c\uc774\ub2e4. \uc6b0\ub9ac\uac00 \ubd84\uc11d\ud55c 6\uac1c\uc758 \ubd81\ubbf8 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4(\ubaa8\ub450 \ubbf8\uad6d\uc5d0 \uc788\uc74c) \uc911 5\uac1c\uac00 \uc5c5\uacc4 \ud3c9\uade0 \uc774\uc0c1\uc758 TSR\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n

\ubcf4\uae30 3.<\/strong> \ubcf5\ud569\uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\uc740 \ub3d9\ubd81\uc544\uc2dc\uc544\uc640 \ubbf8\uad6d\uc5d0\uc11c\ub294 \uc131\uacf5\uc801\uc774\uc9c0\ub9cc \uc720\ub7fd\uc5d0\uc11c\ub294 \uadf8\ub807\uc9c0 \ubabb\ud568<\/p>\n

\"\"<\/p>\n

DowDuPont\uc740 \ubd81\ubbf8\uc9c0\uc5ed \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uc911 \uac70\uc758 \ucd5c\uc0c1\uc704 \uae30\uc5c5\uc73c\ub85c 5\uac1c\ub144 TSR\uc740 20.6%\uc774\ub2e4.2<\/sub> DowDuPont\uc740 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc7ac\uad6c\uc131\uc744 \ud1b5\ud574 \uc5bc\ub9c8\ub098 \ub9ce\uc740 \uac83\uc744 \uc774\ub8f0 \uc218 \uc788\ub294\uc9c0\ub97c \ubcf4\uc5ec\uc92c\ub2e4. 2017\ub144 \uac00\uc744 \uc774\ud6c4 \ub2e8\uc77c \uae30\uc5c5\uc774\uc5c8\ub358 DowDuPont\uc740 2019\ub144 \uc911\ubc18\uae4c\uc9c0 \ubcf4\ub2e4 \uc9d1\uc911\ub41c 3\uac1c \uc0ac\uc5c5\uccb4\ub85c \ubd84\uc0ac\ud560 \uacc4\ud68d\uc774\ub2e4. \uadf8 \uae30\uc5c5\ub4e4\uc758 \uaddc\ubaa8\uac00 \uc5ec\uc804\ud788 \ud06c\uace0 \ubcf5\uc7a1\ud558\uaca0\uc9c0\ub9cc, \ud22c\uc790\uc790\ub4e4\uc740 DowDuPont\uc758 \uacbd\uc601\uc9c4\ub4e4\uc774 \uc131\uacf5\uc801\uc73c\ub85c \uad00\ub9ac\ud560 \uc218 \uc788\ub294 \uae30\uc5c5\uc758 \uc218\uc5d0\ub294 \uc81c\ud55c\uc774 \uc788\uc74c\uc744 \uc778\uc815\ud55c \uc810\uc744 \ub192\uc774 \uc0ac\uace0 \uc788\ub2e4.<\/p>\n

BCG\uac00 \ud654\ud559\uc0b0\uc5c5\uc744 \ud3c9\uac00\ud55c \uc774\ub798 \ucc98\uc74c\uc73c\ub85c, \uc720\ub7fd\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 \uc2e4\uc801 \uba74\uc5d0\uc11c \ucd5c\ud558\uc704\ub97c \uae30\ub85d\ud588\ub2e4. \uc774 \uc9c0\uc5ed\uc758 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc740 \uacc4\uc18d\ud574\uc11c \ubd80\uc2e4\ud55c \uc218\uc775\uc744 \ubcf4\uc774\uace0 \uc788\ub2e4. \ubd81\ubbf8\uc9c0\uc5ed \ud654\ud559\uae30\uc5c5\ub4e4\uacfc\ub294 \ub2ec\ub9ac, \uc774\ub4e4 \ub300\ubd80\ubd84\uc740 \uc218\uc775\uc131\uc758 \ub300\ub300\uc801\uc778 \uac1c\uc120\uc73c\ub85c \uc774\uc5b4\uc9c0\ub294 \ube44\uc988\ub2c8\uc2a4 \uad6c\uc870\uc870\uc815\uc5d0 \uc2e4\ud328\ud588\ub2e4. \uc720\ub7fd \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc740 \uc218\uc775\ub9c8\uc9c4\uc744 \uaca8\uc6b0 2.2% \ud5a5\uc0c1\uc2dc\ucf30\ub294\ub370 \uc774\ub294 \ubd81\ubbf8\uc9c0\uc5ed \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0\uc758 5.9%\uc5d0 \ube44\ud574 \ud6e8\uc52c \uc801\uc740 \uc218\uce58\uc600\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c, \uc720\ub7fd\uc758 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \ubd80\ubb38\uc740 TSR \uac1c\uc120 \uce21\uba74\uc5d0\uc11c \uc0c8\ub86d\uac8c \ubd80\ud65c\ud55c \ubd81\ubbf8\uc9c0\uc5ed\uc5d0 \ud6e8\uc52c \ubabb \ubbf8\uce58\ub294 \uc131\uc801\uc744 \uc62c\ub838\ub2e4. \uc774\ub7f0 \uaca9\ucc28\uac00 \uacc4\uc18d\ub41c\ub2e4\uba74, \uc218\uc775\uac1c\uc120\uc5d0 \ub300\ud55c \uc555\ubc15\uc774 \uac15\ud574\uc9d0\uc5d0 \ub530\ub77c, \ub354 \ub9ce\uc740 \uc720\ub7fd\uc758 \ud654\ud559\uc7ac\ubc8c\uae30\uc5c5\ub4e4\uc774 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uad6c\uc870\uc870\uc815\uc744 \uac10\ud589\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

 <\/p>\n

\uc218\uc775\uc774 \ucc3d\ucd9c\ub418\ub294 \uacf3<\/strong><\/span><\/h3>\n

\ubd81\ubbf8 \ubc0f \ub3d9\ubd81\uc544\uc2dc\uc544\uc758 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 TSR\uc774 \ud68c\ubcf5\uc138\ub77c\uace0\ub294 \ud574\ub3c4, \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc740 \uacc4\uc18d\ud574\uc11c \ub77c\uc9c0\ucea1 \ud654\ud559\uae30\uc5c5\ub4e4-\uc2dc\uac00\ucd1d\uc561 75\uc5b5\ub2ec\ub7ec \uc774\uc0c1\uc778 \uae30\uc5c5\ub4e4\ub85c \uad6c\uc131\ub41c \ucd08\uacbd\uc7c1 \ubd80\ubb38- \uc911 \ucd5c\uace0\uc758 \uc218\uc775\uc744 \uac70\ub46c\ub4e4\uc774\uace0 \uc788\ub2e4. \uc2e4\uc81c\ub85c \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc77410\ub300 \ub77c\uc9c0\ucea1 \uae30\uc5c5 \uc911 7\uc790\ub9ac\ub97c \ucc28\uc9c0\ud558\uba70, BCG\uc758 \ucd5c\uace0 \ub77c\uc9c0\ucea1 \uae30\uc5c5 \ubaa9\ub85d\uc744 \uc7a5\uc545\ud558\uace0 \uc788\ub2e4. (\ubcf4\uae30 4 \ucc38\uc870.)<\/p>\n

\ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \ubd80\ubb38\uc774 TSR \uc5d0\uc11c \uc55e\uc11c\ub098\uac00\uae30 \uc2dc\uc791\ud55c 2012\ub144 \uc774\ud6c4, \uc774 \uae30\uc5c5\ub4e4\uc740 \ucd5c\uace0\uc758 \uc790\ub9ac\ub97c \ub531 \ud55c \ubc88 \ub193\ucce4\ub2e4. \uadf8\ub9ac\uace0, \uc120\ub450\ub97c \uc9c0\ud0a4\uc9c0 \ubabb\ud55c \uae30\uac04\uc5d0\ub3c4, \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0\uc758 \uc218\uc775\uc740 \uc804\uccb4 \ud654\ud559\uae30\uc5c5\ub4e4\uc758 \ud3c9\uade0 \uc218\uc775 \uc218\uc900\uc774\uc5c8\uace0 \ucd5c\uace0 \ud558\uc704\ubd80\ubb38\uacfc\uc758 \ucc28\uc774\ub294 2% \ud3ec\uc778\ud2b8 \ubbf8\ub9cc\uc5d0 \ubd88\uacfc\ud588\ub2e4.<\/p>\n

\ubcf4\uae30 4.<\/strong> \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0\uc640 \uc778\ub3c4 \uae30\uc5c5\ub4e4\uc774 5\uac1c\ub144 TSR \uc21c\uc704\ub97c \uc7a5\uc545\ud568<\/p>\n

\"\"<\/p>\n

\ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uc81c\ud488 \uce74\ud14c\uace0\ub9ac \uc911\uc5d0\uc11c\ub294, \uc81c\uc57d \ubc0f \uc2dd\ud488 \uc6d0\ub8cc\uac00 \uc9c0\ub09c \uba87 \ub144 \uac04 \uac00\uc7a5 \ub192\uc740 TSR\uc744 \uae30\ub85d\ud588\ub2e4. (\ubcf4\uae30 5 \ucc38\uc870.) \uc9c0\uc18d\uc801\uc778 \ud601\uc2e0\uc758 \ud61c\ud0dd\uc744 \ubc1b\uc740 \ubd80\ubb38\uc73c\ub85c \uae30\ubcf8\uc801\uc73c\ub85c \uac15\ub825\ud55c \uc218\uc694\uac00 \ub4b7\ubc1b\uce68 \ub418\ub294 \uc81c\ud488\ub4e4\uc77c \ubfd0 \uc544\ub2c8\ub77c, \ubcf4\ud1b5\uc740 \uc804\ud658\ube44\uc6a9\uc774 \ub192\ub2e4. \ubbf8\uad6d\uc5d0\uc11c \uc0c8\ub85c\uc6b4 \uc81c\uc57d \uacf5\uae09\uc5c5\uccb4\ub294 \ubbf8\uad6d \uc2dd\ud488\uc758\uc57d\uad6d (Food and Drug Administration)\uc758 \uac80\ud1a0\ub97c \uac70\uccd0 \uc7ac\uc2b9\uc778\uc744 \ubc1b\uc544\uc57c \ud560 \uc218 \uc788\ub2e4. \uacbd\uc81c\uc131\ub3c4 \ub9e4\uc6b0 \ub192\uc740 \uce74\ud14c\uace0\ub9ac\uc778\ub370, \ud654\ud559\uc6d0\ub8cc\ub294 \ubcf4\ud1b5 \ucd5c\uc885\uc0c1\ud488 \ube44\uc6a9\uc5d0 \ub9ce\uc740 \ubd80\ubd84\uc744 \ucc28\uc9c0\ud558\uc9c0 \uc54a\uace0\ub3c4 \uc131\ub2a5\uc5d0 \ud070 \ucc28\uc774\ub97c \ub9cc\ub4e4 \uc218 \uc788\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\ucc98\ub7fc \uace0\ubd80\uac00\uac00\uce58\uc640 \uc800\ube44\uc6a9\uc758 \uc870\ud569\uc73c\ub85c \ub2e4\ub978 \ud654\ud559\uc81c\ud488 \uce74\ud14c\uace0\ub9ac\uc5d0 \ube44\ud574 \uac00\uaca9\uc778\uc0c1\uc744 \ub2e8\ud589\ud558\ub294 \uac83\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \uc5b4\ub835\uc9c0 \uc54a\ub2e4.<\/p>\n

\ud398\uc778\ud2b8\uc640 \ucf54\ud305- \uc6b0\uc218\ud55c \uc2e4\uc801\uc744 \ubcf4\uc778 \ub610 \ub2e4\ub978 \ud074\ub7ec\uc2a4\ud130-\uc740 \uc790\ub3d9\ucc28 \ub4f1 \uc911\uc694\uc0b0\uc5c5\uc5d0\uc11c \uc0ac\uc6a9\uc774 \ud655\ub300\ub428\uc5d0 \ub530\ub77c \ud61c\ud0dd\uc744 \ubc1b\uace0 \uc788\ub2e4. \ub610\ud55c, \uc774 \uc0c1\ud488\ub4e4\uc774 \uac74\uc124\uc5d0\uc11c \ud558\ub294 \uc5ed\ud560 \ub54c\ubb38\uc5d0, \ud398\uc778\ud2b8\uc640 \ucf54\ud305 \uc81c\uc870\uc5c5\uccb4\ub4e4\uc740 \uc2e0\ud765\uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \ubc88\ucc3d\ud558\uace0 \uc788\ub2e4. \uc774 \uc81c\ud488 \uce74\ud14c\uace0\ub9ac \uc5ed\uc2dc \uc9c0\uc18d\uc801\uc778 \ud601\uc2e0\uc744 \ud1b5\ud574 \uc774\ub8e8\uc5b4\uc9c4 \uc2e4\uc801\uac1c\uc120, \ud3b8\ub9ac\ud55c \uc801\uc6a9, \ud3d0\uae30\ubb3c \uac10\uc18c, \ud658\uacbd\uc601\ud5a5 \ucd95\uc18c \ub4f1\uc758 \uc218\ud61c\uc790\ub77c\uace0 \ud560 \uc218 \uc788\ub2e4. \uc774\ub7f0 \uc694\uc778\ub4e4\ub85c \uc778\ud574 \ud398\uc778\ud2b8\uc640 \ucf54\ud305\uc740 \ucd5c\uadfc \uae30\uac04 \ub3d9\uc548 \ucd5c\uace0\uc758 TSR \uc2e4\uc801\uc744 \uae30\ub85d\ud558\uba74\uc11c, 2011\ub144 \uc774\ud6c4 \uacc4\uc18d \ud50c\ub7ec\uc2a4 TSR\uc744 \uae30\ub85d\ud558\uace0 \uc788\ub2e4.<\/p>\n

\ubcf4\uae30 5.<\/strong> \uc81c\ud488 \uce74\ud14c\uace0\ub9ac\ubcc45\uac1c\ub144 TSR<\/p>\n

\"\"<\/p>\n

\ub2f9\uc5f0\ud788, \uc81c\uc57d \ubc0f \uc2dd\ud488 \uce74\ud14c\uace0\ub9ac\uc640 \ud398\uc778\ud2b8 \ubc0f \ucf54\ud305 \uce74\ud14c\uace0\ub9ac\uc5d0 \uc18d\ud55c \uae30\uc5c5\ub4e4\uc740 \uc774 \ubd84\uc11d\uc758 \ucd5c\uace0\uc2e4\uc801 \uae30\uc5c5 \uc911\uc5d0\uc11c\ub3c4 \ub208\uc5d0 \ub744\ub294 \uc131\uacfc\ub97c \uae30\ub85d\ud588\ub2e4. \uc2a4\uc704\uc2a4 \uae30\uc5c5\uc778 Lonza(5\uac1c\ub144 TSR 45.1%\ub85c \ub77c\uc9c0\ucea1 \uae30\uc5c5\ub4e4 \uc911 1\uc704)\ub294 \uae00\ub85c\ubc8c \uc81c\uc57d \uc2dc\uc7a5\uc5d0\uc11c \ud65c\uc131 \uba74\uc5ed\uce58\ub8cc\uc81c \ubc0f \uc57d\ubb3c \ud22c\uc5ec \uae30\uc220 \ub4f1 \ub2e4\uc591\ud55c \uc194\ub8e8\uc158\uc744 \uacf5\uae09\ud558\uace0 \uc788\ub2e4. \ub374\ub9c8\ud06c\uc758 Chr. Hansen(\ub77c\uc9c0\ucea1 \uc911 6\uc704) \uc640 \uc774\uc2a4\ub77c\uc5d8\uc758 Frutarom (\ubbf8\ub4dc\ucea1 \uc911 \ub3d9\uc21c\uc704)\uc740 \uad6d\uc81c \uc2dd\ud488\ud68c\uc0ac\ub4e4\uacfc \ud568\uaed8 \uc77c\ud558\ub294 \uc2dd\ud488 \uc6d0\ub8cc\uc5c5\uccb4\ub4e4\uc774\ub2e4. \ud398\uc778\ud2b8\uc640 \ucf54\ud305 \uce74\ud14c\uace0\ub9ac\uc5d0\ub294 \uc77c\ubcf8\uc758 Nippon Paint \uac00 \ub300\ud45c\uc8fc\uc790\ub85c, \ub77c\uc9c0\ucea1 \uadf8\ub8f9 \uc911 2\uc704\uc778 \uc774 \ud68c\uc0ac\ub294 5\uac1c\ub144 TSR 38.8%\ub97c \uae30\ub85d\ud588\ub2e4.<\/p>\n

\uac00\uc7a5 \ucd5c\uadfc 5\uac1c\ub144 \uae30\uac04\uc5d0\uc11c, \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ub4e4\uc740 5%\uc758 \ub9e4\ucd9c \uc131\uc7a5-\uc0b0\uc5c5\uc6a9 \uac00\uc2a4 \ubd80\ubb38\uc744 \uc81c\uc678\ud558\uace0 \ud558\uc704 \ubd80\ubb38 \uc911 \ucd5c\uace0\uc758 \uc131\uc7a5\ub960-\uacfc \ucd5c\uace0\uc758 ROCE(\ud22c\ud558\uc790\ubcf8\uc218\uc775\ub960)\uc744 \uae30\ub85d\ud588\ub2e4. \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0\uc758 ROCE \uc911\uac04\uac12\uc740 12.6%\uc774\uc5c8\uace0, \uc774\uc5d0 \ube44\ud574 \ub18d\ud654\ud559 \ubc0f \ube44\ub8cc\uc5c5\uccb4\ub294 11%, \uc0b0\uc5c5\uc6a9 \uac00\uc2a4\ub294 9.6%, \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0\ub2948.9%, \uae30\ucd08 \ud654\ud559\ubb3c \ubc0f \ud50c\ub77c\uc2a4\ud2f1\uc740 7.5%\ub97c \uae30\ub85d\ud588\ub2e4. \uc7a5\uae30\uc801\uc778 \uad00\uc810\uc5d0\uc11c\ub294, \ub18d\ud654\ud559 \ubc0f \ube44\ub8cc\uc5c5\uccb4\ub4e4\uc774, \uc544\ub9c8 \ud654\ud559\uae30\uc5c5\uc758 \uc790\ubcf8\uad00\ub9ac\ub97c \ud3c9\uac00\ud558\ub294 \uac00\uc7a5 \uc88b\uc740 \ubc29\ubc95\uc778 \uc774 \uc9c0\ud45c\uc5d0\uc11c, \uc81c\uc77c \uc88b\uc740 \uc131\uc801\uc744 \uae30\ub85d\ud588\ub2e4. \ub18d\ud654\ud559\uae30\uc5c5\uc758 10\ub144 ROCE(\ub18d\ud654\ud559 \ubd80\ubb38\uc774 2010\ub144\ub300 \ucd08\ubc18\uc5d0 \uc6b0\uc218\ud55c \uc2e4\uc801\uc744 \uac70\ub454 \uac83\uc5d0 \ud798\uc785\uc5b4)\ub294 13.9%\ub85c, \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0\uc758 13.2%\ub97c \uc55e\uc9c8\ub800\ub2e4.<\/p>\n

\ubb3c\ub860, \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0 \uc678\uc5d0\ub3c4 \ud6cc\ub96d\ud55c \uc2e4\uc801\uc744 \ubcf4\uc778 \ud558\uc704\ubd80\ubb38\uc758 \uae30\uc5c5\ub4e4\uc774 \uc788\ub2e4. Aarti Industries \uc640 Rain Industries \ub294 \ub458 \ub2e4 \uc804\uccb4\uc801\uc73c\ub85c\ub294 \uc800\uc870\ud55c \uc2e4\uc801\uc744 \ubcf4\uc778 \uae30\ucd08 \ud654\ud559\ubb3c \ubd80\ubb38\uc5d0 \uc18d\ud588\uc9c0\ub9cc \ub9e4\uc6b0 \uc6b0\uc218\ud55c \uc2e4\uc801\uc744 \ubcf4\uc778 \uae30\uc5c5\ub4e4\uc774\ub2e4. \ud558\uc9c0\ub9cc, \uc774 \ub450 \uae30\uc5c5\uc758 \uacbd\uc6b0\uc5d0\ub3c4, \uc778\ub3c4\uacbd\uc81c\uc758 \ud638\ud669 \ub355\ubd84\uc5d0 \uc88b\uc740 \uc2e4\uc801\uc744 \ubcf4\uc600\ub2e4\uace0 \ud574\uc11d\ud558\ub294 \ud3b8\uc774 \ub9de\uc744 \uac83\uc774\ub2e4.<\/p>\n

\n

\ud654\ud559\uc0b0\uc5c5\uc758 \uc804\ub9dd\uc5d0 \ub300\ud55c <\/strong><\/span>
\n\uc778\ud130\ub799\ud2f0\ube0c \uc9c0\ub3c4\uac00 \uc788\ub2e4\uba74, <\/strong><\/span>
\n\uc778\ub3c4\uc5d0\ub294 \uc544\ub9c8 <\/strong><\/span>
\n\ubc1d\uc740 \ub179\uc0c9 \ubd88\uc774 \uae5c\ube61\uc774\uace0 \uc788\uc744 \uac83\uc774\ub2e4.<\/strong><\/span><\/p>\n

\uc778\ub3c4\uc758 \uae09\ubd80\uc0c1 \uc774\ud574\ud558\uae30<\/strong><\/span><\/h3>\n

\ud654\ud559\uc0b0\uc5c5\uc758 \uc804\ub9dd\uc5d0 \ub300\ud55c \uc778\ud130\ub799\ud2f0\ube0c \uc9c0\ub3c4\uac00 \uc788\ub2e4\uba74, \uc778\ub3c4\uc5d0\ub294 \uc544\ub9c8 \ubc1d\uc740 \ub179\uc0c9 \ubd88\uc774 \uae5c\ube61\uc774\uace0 \uc788\uc744 \uac83\uc774\ub2e4. \uc9c0\ub09c \uba87 \ub144 \uac04 \uc778\ub3c4 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \uc0c1\uc2b9\uc73c\ub85c \uc778\ud574 \ub9ce\uc740 \uc778\ub3c4\ud654\ud559\uae30\uc5c5\ub4e4-5\uac1c\ub144 TSR \uc911\uac04\uac12 44%-\uc774 \uc6b0\uc218\ud55c \uc2e4\uc801\uc744 \uc62c\ub838\uace0, BCG\uc758 10\ubbf8\ub4dc\ucea1 \uc21c\uc704\uc5d0 6 \uc790\ub9ac\ub97c \ucc28\uc9c0\ud560 \uc218 \uc788\uc5c8\ub2e4. \ubcf4\uae30 4\ub97c \ubcf4\uba74 \uc54c \uc218 \uc788\ub4ef\uc774, 1, 2, 3, 4\uc704\uc758 \ubbf8\ub4dc\ucea1 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 \ubaa8\ub450 \uc778\ub3c4 \uae30\uc5c5\uc774\ub2e4.<\/p>\n

\uba87\uba87 \uc5c5\uacc4 \uc804\ubb38\uac00\ub4e4\uc740 \uc778\ub3c4 \ud654\ud559\uae30\uc5c5\ub4e4\uc758 TSR\uc744 \ub0ae\ucdb0\uc11c \uc0dd\uac01\ud558\uace0 \uc2f6\uc744 \uc218\ub3c4 \uc788\ub2e4. \uc774 \uae30\uc5c5\ub4e4\uc774 \uc778\ub3c4 \uc8fc\uc2dd\uc2dc\uc7a5\uc774 \uae09\ubd80\uc0c1(\uc778\ub3c4\uc758 BSE Sensex\uc9c0\uc218\ub294 2017\ub144 \ud55c \ud574\uc5d0\ub9cc 25% \uc774\uc0c1 \uc0c1\uc2b9\ud588\uc74c)\ud55c \uacb0\uacfc \uadf8 \uc5ec\ud30c\ub97c \ub204\ub9b0 \uac83\uc774\uace0, \uc774 \uae30\uc5c5\ub4e4\uc758 \uaddc\ubaa8\ub3c4 \ub9e4\uc6b0 \uc791\uae30 \ub54c\ubb38\uc774\ub2e4. (\uc774 \ubd84\uc11d\uc5d0 \ud3ec\ud568\ub41c 13\uac1c\uc758 \uc778\ub3c4 \uae30\uc5c5\ub4e4 \uc911 8\uac1c \uc0ac\uc758 \ub9e4\ucd9c \uaddc\ubaa8\uac00 10\uc5b5\ub2ec\ub7ec\uc5d0 \ubbf8\uce58\uc9c0 \ubabb\ud588\ub2e4.) \uaddc\ubaa8\uac00 \ud074 \ub54c\ubcf4\ub2e4\ub294 \uc791\uc744 \ub54c\uc5d0 \uc131\uc7a5\uc138\uac00 \uadf9\uc801\uc73c\ub85c \ud45c\ud604\ub418\uae30 \uc27d\uace0, \uc774 \uc815\ub3c4\uc758 \uc0c1\uc2b9\uc138\ub97c \uc720\uc9c0\ud558\ub294 \uac83\ubcf4\ub2e4\ub294 \uae09\uc131\uc7a5\ud558\ub294 \uc2dc\uc7a5\uc5d0 \ub6f0\uc5b4\ub4e4\uc5b4 \uc120\ub450\ub97c \ucc28\uc9c0\ud558\ub294 \uac83\uc774 \ub354 \uc27d\uae30 \ub54c\ubb38\uc774\ub2e4.<\/p>\n

\ud558\uc9c0\ub9cc \uac1c\ubcc4\uc801\uc778 \ud654\ud559\uae30\uc5c5\uc5d0\uc11c \uc77c\uc5b4\ub098\ub294 \uc77c\uacfc\ub294 \uc0c1\uad00\uc5c6\uc774, \uc778\ub3c4 \ud654\ud559\uc0b0\uc5c5\uc758 \uc804\uccb4\uc801\uc778 \uc7a0\uc7ac\ub825\uc5d0\ub294 \uc758\uc2ec\uc758 \uc5ec\uc9c0\uac00 \uc5c6\ub2e4.<\/p>\n

\uc18c\ub4dd \uc99d\ub300.<\/strong> <\/span>\uacbd\uc81c \ud380\ub354\uba58\ud138(fundamental)\uc774 \ub9ce\uc740 \uad00\ub828\uc774 \uc788\ub2e4. \uaddc\ubaa8\uac00 \ud070 \uac1c\ub3c4\uad6d \uc911, \uc778\ub3c4\ub294 \uac00\uc7a5 \ube60\ub978 \uc131\uc7a5\uc744 \ubcf4\uc774\ub294 \uad6d\uac00 \uc911 \ud558\ub098\ub85c, GDP \uc131\uc7a5\ub960\uc740 \uc9c0\ub09c 4\ub144 \uac04 \uac70\uc758 7%\uc5d0 \uc721\ubc15\ud558\uac70\ub098 \ucd08\uacfc\ud588\ub2e4. \uc18c\ub4dd 7700\ub2ec\ub7ec(BCG\uac00 \uc815\uc758\ud55c \uc778\ub3c4\uc758 \uc77c\uba85\u2019\uc5b4\uc2a4\ud30c\uc774\uc5b4\ub7ec(aspirer)\u2018 \ub4f1\uae09\uc758 \uae30\uc900\uc810)\uc774\uc0c1\uc778 \uac00\uad6c\uc758 \ube44\uc728\uc774 2016\ub144 23%\uc600\ub294\ub370, \uc774\ub294 2005\ub144 13%\uc5d0\uc11c \uc0c1\uc2b9\ud55c \uac83\uc774\ub2e4. 2025\ub144\uae4c\uc9c0\ub294, \uc778\ub3c4 \uac00\uad6c\uc758 36%\uac00 \uc774 \ub4f1\uae09\uc774\ub098 BCG\uc758 \uace0\uac1d\ubd84\uc11d\uc13c\ud130(Center for Customer Insight)\uc758 \uae30\uc900\uc5d0 \ub530\ub978 \ub354 \ub192\uc740 2\uac1c \ub4f1\uae09\uc778 \uc5b4\ud50c\ub8e8\uc5b8\ud2b8(affluent)\uc640 \uc5d8\ub9ac\ud2b8(elite)\uc5d0 \ud574\ub2f9\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.<\/p>\n

\ubd80\uc758 \uc131\uc7a5\uc740 \uace7 \ub354 \ub9ce\uc740 \ud654\ud559\uc81c\ud488\uc758 \uc0ac\uc6a9\uc73c\ub85c \uc774\uc5b4\uc9c8 \uc218 \ubc16\uc5d0 \uc5c6\ub2e4. \ud604\uc7ac \uc778\ub3c4\uc758 1\uc778\ub2f9 \ud3f4\ub9ac\uba38(polymer) \uc18c\ube44\ub7c9\uc740 \uc57d 24\ud30c\uc6b4\ub4dc\ub85c \uc911\uad6d\uc758 \ud3c9\uade0 1\uc778\ub2f9 \uc18c\ube44\ub7c9\uc778 84\ud30c\uc6b4\ub4dc\uc640 \uc720\ub7fd\uc758 143\ud30c\uc6b4\ub4dc\uc5d0 \ud6e8\uc52c \ubabb \ubbf8\uce58\ub294 \uc218\uc900\uc774\ub2e4. \uc989, \uc774 \ubd80\ubd84\uc744 \ube44\ub86f\ud574 \ud654\ud559\uc0b0\uc5c5\uc758 \ub2e4\uc591\ud55c \uc601\uc5ed\uc5d0\uc11c \uc131\uc7a5\uc758 \uc5ec\uc9c0\uac00 \uc0c1\ub2f9\ud568\uc744 \uc758\ubbf8\ud55c\ub2e4.<\/p>\n

\uadf8 \uc131\uc7a5\uc758 \uc870\uc9d0\uc774 \uc774\ubbf8 \uc2dc\uc791\ub418\uace0 \uc788\ub2e4. \uc778\ub3c4 \uc815\ubd80 \uc0b0\ud558\uae30\uad00\uc778 Chemexcil \uc740 \uc778\ub3c4\uc758 \ud654\ud559\uc0b0\uc5c5 \uad00\ub828 \ub9e4\ucd9c\uc774 \ud604\uc7ac\uc758 1470\uc5b5 \ub2ec\ub7ec\uc5d0\uc11c 2025\ub144 3000\uc5b5 \ub2ec\ub7ec\ub85c \uc131\uc7a5\ud560 \uac83\uc774\ub77c\uace0 \uc804\ub9dd\ud55c\ub2e4.<\/p>\n

\uc2a4\ud398\uc15c\ud2f0 \ud654\ud559 \ubc0f \ub18d\ud654\ud559 \uc81c\ud488 \uc0ac\uc6a9 \uc99d\ub300.<\/strong> <\/span>\uc131\uc7a5\uc758 \uc0c1\ub2f9 \ubd80\ubd84\uc740 \uace0\uae09 \ud654\ud559 \uc81c\ud488\uc774 \uc8fc\ub3c4\ud560 \uac83\uc774\ub2e4. \ud55c \uc608\ub85c, \uc778\ub3c4\uc758 \ub9ce\uc740 \uac74\uc124 \ud504\ub85c\uc81d\ud2b8\uc5d0\uc11c \uc5ec\uc804\ud788 \uc77c\ubc18\uc801\uc778 \ucc3d\uc720\ub9ac\uc640 \ucf58\ud06c\ub9ac\ud2b8\uac00 \uc0ac\uc6a9\ub418\uae30\ub294 \ud558\uc9c0\ub9cc, \uc810\uc810 \ub354 \ub9ce\uc740 \uac74\ubb3c\uc5d0\uc11c, \ud2b9\ud788 \ub300\ub3c4\uc2dc\uc5d0\uc11c\ub294, \uc544\ud06c\ub9b4 \ucc3d\uacfc \uae09\uc18d\uc751\uacb0 \ucf58\ud06c\ub9ac\ud2b8 \ub4f1 \ud2b9\uc218 \ucf58\ud06c\ub9ac\ud2b8\uac00 \uc0ac\uc6a9\ub418\uace0 \uc788\ub2e4. \uc774\ub7f0 \uc0c1\ud488\ub4e4\uc740 \ud3f4\ub9ac\uba38, \uc2e4\ub780\ud2b8, \ud3fc, \ucf58\ud06c\ub9ac\ud2b8 \ud63c\ud569\uc81c \ub4f1\uc744 \ud544\uc694\ub85c \ud560 \uac83\uc774\uace0 \uc774\ub294 \ubaa8\ub450 \uc2a4\ud398\uc15c\ud2f0 \ud654\ud559\uc81c\ud488\uc758 \uc218\uc694 \uc99d\ub300\ub85c \uc774\uc5b4\uc838 \uc778\ub3c4 \ud654\ud559\uc0b0\uc5c5\uc740 \ubcf4\ub2e4 \uace0\ub9c8\uc9c4 \uc0c1\ud488\uc5d0 \uc8fc\ub825\ud558\uac8c \ub420 \uac83\uc774\ub2e4.<\/p>\n

\uc18c\ube44\uc790 \uce21\uba74\uc5d0\uc11c\ub3c4 \uc774\uc640 \uc720\uc0ac\ud55c \ubcc0\ud654\uac00 \uc77c\uc5b4\ub098\uace0 \uc788\ub2e4. \uc2a4\ud398\uc15c\ud2f0 \ud654\ud559\ubb3c\uc744 \uc0ac\uc6a9\ud558\ub294 \uc0c1\ud488-\ucd5c\uadfc \uc778\ub3c4\uc5d0\uc11c \uad6c\ub9e4\uac00 \ub298\uc5b4\ub098\uae30 \uc2dc\uc791\ud558\uace0 \uc788\ub294-\ub4e4\uc5d0\ub294 \uc138\uc548\uc81c, \ud654\uc7a5\ud488, \uc0f4\ud478 \ub4f1\uc774 \uc788\ub2e4. \uac74\uc124\uc5c5\ubfd0 \uc544\ub2c8\ub77c \uc18c\ube44\uc790 \uc131\ud5a5\uc758 \ubcc0\ud654\ub85c \uc778\ud574, \uc560\ucd08\uc5d0 \ubc94\uc6a9\uc81c\ud488\uc5d0\uc11c \uc2dc\uc791\ub410\ub358 \uc778\ub3c4\uc758 \ud654\ud559\uc0b0\uc5c5\uc740 \ubcf4\ub2e4 \ud2b9\uc218\ud55c \ud654\ud559\uc81c\ud488\uc5d0 \ub354\uc6b1 \uad00\uc2ec\uc744 \uac16\uac8c \ub420 \uac83\uc774\ub2e4.<\/p>\n

\n

\uc138\uacc4\uc801\uc73c\ub85c \ub18d\ud654\ud559\uae30\uc5c5\ub4e4\uc774 <\/strong><\/span>
\n\uc218\uc775\ucc3d\ucd9c\uc5d0\uc11c \uace0\uc804\uc744 \uba74\uce58 \ubabb\ud558\uace0 \uc788\ub294 \uc640\uc911\uc5d0 <\/strong><\/span>
\n\uc778\ub3c4\uc758 \ub18d\ud654\ud559\ubd80\ubb38\uc740 \ud638\ud669\uc744 \ub204\ub9ac\uace0 \uc788\ub2e4.<\/strong><\/span><\/p>\n

\uc778\ub3c4\uc758 \ubc94\uc6a9\uc81c\ud488 \ud654\ud559\uae30\uc5c5\uc774 \uc798\ubabb\ud558\uace0 \uc788\ub2e4\ub294 \uac83\uc740 \uc544\ub2c8\ub2e4. \uc6b0\ub9ac\uac00 \uc870\uc0ac\ud55c \uc778\ub3c4\uc758 6\uac1c \uae30\ucd08 \ud654\ud559\uae30\uc5c5\ub4e4\uc758 5\uac1c\ub144 TSR \uc911\uac04\uac12\uc740 51%\ub77c\ub294 \ubbff\uae30 \uc5b4\ub824\uc6b8 \uc815\ub3c4\ub85c \ub192\uc740 \uc2e4\uc801\uc744 \uae30\ub85d\ud588\ub2e4. \ub610\ud55c, \uc138\uacc4\uc801\uc73c\ub85c \ub18d\ud654\ud559\uae30\uc5c5\ub4e4\uc774 \uc218\uc775\ucc3d\ucd9c\uc5d0\uc11c \uace0\uc804\uc744 \uba74\uce58 \ubabb\ud558\uace0 \uc788\ub294 \uc640\uc911\uc5d0 \uc778\ub3c4\uc758 \ub18d\ud654\ud559\ubd80\ubb38\uc740 \ud638\ud669\uc744 \ub204\ub9ac\uace0 \uc788\ub2e4. \uacbd\uc791\uc9c0\uac00 \uc904\uc5b4\ub4e4\uace0, \ub18d\uc791\ubb3c \uc218\ud655\ub7c9\uc774 \uc800\uc870\ud558\uba70, \uace1\ubb3c \ubc0f \uac00\ucd95 \uc0ac\ub8cc\uc5d0 \ub300\ud55c \uc218\uc694\uac00 \uc99d\ub300\ud558\uace0 \uc788\ub294 \uad6d\uac00\ub85c\uc11c, \uc778\ub3c4\ub294 \ub18d\ud654\ud559\ubb3c\uc758 \ub300\uaddc\ubaa8 \uc18c\ube44\uad6d\uc774 \ub418\uc5c8\ub2e4. \uc774\ub294 \ubb44\ubc14\uc774\uc5d0 \ubcf8\uc0ac\ub97c \ub454 \uc0b4\ucda9\uc81c, \uc81c\ucd08\uc81c, \uc0b4\uade0\uc81c, \uc885\uc790 \uc81c\uc870\uc5c5\uccb4UPL(5\uac1c\ub144 TSR 44%)\uacfc, \ud601\uc2e0 \uc81c\ud488 \ubc0f \ubc00\uc811\ud55c \uace0\uac1d\uad00\ub9ac\uac00 \uac15\uc810\uc778 \ub18d\ud654\ud559\uae30\uc5c5, PI Industries (TSR 55.4%) \uc5d0\uac8c \ud070 \ub3c4\uc6c0\uc774 \ub410\ub2e4.<\/p>\n

\ub3c4\uc2dc \ubc0f \ucd0c\ub77d\uc758 \uc131\uc7a5.<\/strong> <\/span>\uc778\ub3c4\uc758 \ud654\ud559\uc0b0\uc5c5\uc774 \uc5b4\ub5bb\uac8c \ub3c4\uc57d\ud558\uace0 \uc788\ub294\uc9c0\ub97c \uc815\ud655\ud788 \ubcf4\uc5ec\uc8fc\ub294 \uba87\uba87 \uc9c0\uc5ed\uc774 \uc788\ub2e4. \ud55c \uc608\ub85c, Maharashtra\uc640 Gujarat\ub4f1\uc774 \uc788\ub294 \uc778\ub3c4\uc758 \uc11c\ucabd \uc9c0\uc5ed\uc5d0\uc11c\ub294, \uac70\ub300 \uc81c\uc870\uacf5\uc7a5\uc774 \uc0b0\uc5c5\uc9c0\ub300\uc640 \ud2b9\uc218\uacbd\uc81c\uad6c\uc5ed\uc5d0 \uc6b0\ub69d \uc11c \uc788\ub2e4. \uc2ec\uc9c0\uc5b4 \uc774 \uc9c0\uc5ed\uc5d0\uc11c \uc778\uad6c\ubc00\ub3c4\uac00 \uc801\uc740 \ub3c4\uc2dc\uc640 \uc2dc\ub0b4\uc5d0\uc11c\ub3c4, \uc18c\uaddc\ubaa8 \uacf5\uc7a5, \ucf58\ud06c\ub9ac\ud2b8 \ud63c\ud569\uae30, \uc99d\ub958\ud0d1\ub4e4\uc774 \uae38\uac70\ub9ac\uc5d0 \uc990\ube44\ud558\ub2e4. \ubcf4\ud1b5\uc740 \uaddc\ubaa8\uac00 \uc791\uc740 \uae30\uc5c5\ub4e4\ub85c \uac00\uc871\uacbd\uc601\uae30\uc5c5\uc774 \ub9ce\uc73c\uba70 \ud604\uc9c0\uc758 \ub2c8\uc988\uc5d0 \uc801\ud569\ud55c \ud654\ud559\uae30\ubc18 \uc0c1\ud488\uc744 \uc0dd\uc0b0\ud55c\ub2e4. \uc885\uc885, \uc774 \uc9c0\uc5ed\uc758 \ucca0\ubb3c\uc810\uc5d0\uc11c\ub294 \uc774 \ud68c\uc0ac\ub4e4\uc758 \uce90\ub2c8\uc2a4\ud130\uc640 \ucee8\ud14c\uc774\ub108\ub97c \uc27d\uac8c \ucc3e\uc544 \ubcfc \uc218 \uc788\ub2e4.<\/p>\n

\ub610\ud55c, \uc778\ub3c4\uc815\ubd80\ub294 \uc9c0\ub09c \uc2ed \ub144\uc758 \ub300\ubd80\ubd84\uc744 PCPIRs (Petroleum, Chemical and Petrochemical Investment Region) \ub97c \uad6c\uc131\ud574 \ud654\ud559\uc0b0\uc5c5\ubc1c\uc804\uc744 \uac00\uc18d\ud654\ud558\uae30 \uc704\ud574 \ub178\ub825\ud574 \uc654\ub2e4. \uac01\uac01\uc758 PCPIR\uc774 \ud575\uc2ec \uc11d\uc720\ud654\ud559\uae30\uc5c5\uc744 \uac16\ucd94\uace0, \uc774 \uae30\uc5c5\uc774 \ub2e4\uc2dc \ud2b9\uc218\ud55c \uc2ed \uc5ec \uac1c\uc758 \ud654\ud559\uae30\uc5c5\uc5d0 \uc6d0\ub8cc\ub97c \uacf5\uae09\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4.<\/p>\n

PCPIR \uacc4\ud68d \uc678\uc5d0\ub3c4 \ud22c\uc790\uac00 \uc774\ub8e8\uc5b4\uc9c0\uace0 \uc788\ub2e4. \uc62c\ud574 \ucd08, \uc138\uacc4 \ucd5c\ub300 \uc11d\uc720\uacf5\uae09\uc5c5\uccb4\uc778 Saudi Aramco\uc640 Abu Dhabi National Oil\ub294 \uc778\ub3c4\uae30\uc5c5\ub4e4\ub85c \uad6c\uc131\ub41c \ucee8\uc18c\uc2dc\uc5c4\uc744 \ud1b5\ud574 \uc778\ub3c4 \uc11c\ubd80\ud574\uc548\uc9c0\uc5ed\uc5d0 \ub300\ud615 \uc815\uc720\uacf5\uc7a5 \ubc0f \uc11d\uc720\ud654\ud559\uacf5\uc7a5 \ud504\ub85c\uc81d\ud2b8\ub97c \ucd94\uc9c4 \uc911\uc774\ub2e4. \uc6b0\ub9ac\uac00 \uc11c\uad6c\uc758 \uae30\uc220\uc5c5\uccb4\ub4e4\uacfc \ub17c\uc758\ud55c \ubc14\uc5d0 \ub530\ub974\uba74, \uc774\ub7f0 \uc885\ub958\uc758 \uac1c\ubc1c\uc740 \uc55e\uc73c\ub85c\ub3c4 \uacc4\uc18d\ub420 \uc804\ub9dd\uc774\ub2e4. \uc2e4\uc81c\ub85c, \uba87\uba87 \uae30\uc220\uae30\uc5c5\ub4e4\uc774 \uc11d\uc720\ud654\ud559\ud22c\uc790 \ud30c\ud2b8\ub108\ub97c \ubb3c\uc0c9\uc911\uc778 \uc778\ub3c4\uae30\uc5c5\uc758 \uc5f0\ub77d\uc744 \ubc1b\uc740 \uc801\uc774 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4.<\/p>\n

\uc131\uacf5\uc744 \uc704\ud574 \ud544\uc694\ud55c \uac83.<\/strong> <\/span>\uc804\ubc18\uc801\uc73c\ub85c, \uc778\ub3c4\uc758 \ub300\ud615 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 \uc9c0\ub09c 5\ub144\uac04 \uc778\uc0c1\uc801\uc778 \ub9e4\ucd9c\uc131\uc7a5\uacfc \ub192\uc740 \uc218\uc775\ub960\uc744 \uae30\ub85d\ud588\ub2e4. (\ubcf4\uae30 6 \ucc38\uc870.) \uc77c\ubd80\ub294 \uc774\ubbf8 \uc0c1\ub2f9\ud55c \uc218\ucd9c\uc2e4\uc801\uc744 \uc62c\ub9b0 \uae30\uc5c5\ub4e4\ub3c4 \uc788\ub2e4. \uadf8 \uc608\ub85c UPL \ub9e4\ucd9c\uc758 \uc57d 80%\uac00 \ud574\uc678\uc5d0\uc11c \ubc1c\uc0dd\ud55c \uac83\uc774\ub2e4(\uc774 \uc911 4\ubd84\uc758 1 \uc774\uc0c1\uc774 \uc911\ub0a8\ubbf8 \uc9c0\uc5ed\uc5d0\uc11c \ubc1c\uc0dd\ud568). \uc778\ub3c4 \uc678\uc758 \uc9c0\uc5ed\uc5d0 \uacf5\uc7a5\uc744 \uc124\ub9bd\ud558\uace0 \ubbf8\uad6d\uacfc \uc720\ub7fd \uacbd\uc7c1\uc5c5\uccb4\uc5d0 \ube44\ud574 \uadf8\ub4e4\uc774 \uac16\uace0 \uc788\ub294 \ube44\uc6a9\uc6b0\uc704\ub97c \ucd5c\ub300\ud55c \ud65c\uc6a9\ud558\uba74\uc11c, \uc778\ub3c4 \uae30\uc5c5\ub4e4\uc758 \uc218\ucd9c\ube44\uc911\uc740 \ub354\uc6b1 \uc99d\uac00\ud560 \uac83\uc774\ub2e4.<\/p>\n

\ub300\ubd80\ubd84\uc758 \uae30\uc5c5\ub4e4\uc774 \ub358\uc838\uc57c \ud560 \uc9c8\ubb38\uc740 \uc778\ub3c4\uc5d0 \uae30\ud68c\uac00 \uc788\ub290\ub0d0\uac00 \uc544\ub2c8\ub77c \uc5b4\ub5a4 \uae30\ud68c\ub97c \uc887\uc544\uc57c \ud558\ub294\uac00\uac00 \ub420 \uac83\uc774\ub2e4. \uad6d\ub0b4 \uae30\uc5c5\ub4e4\uc740 \ud655\uc2e4\ud788 \uc2a4\ud398\uc15c\ud2f0 \ud654\ud559\ubb3c\uc744 \uc131\uc7a5\uc758 \ub3d9\ub825\uc73c\ub85c \uac04\uc8fc\ud574\uc57c \ud55c\ub2e4. \ud558\uc9c0\ub9cc, \uc77c\ub2e8 \u201a\u2018\ub9cc\ub4e4\uae30\ub9cc \ud558\uba74, \uace0\uac1d\uc774 \uc54c\uc544\uc11c \ucc3e\uc544\uc62c \uac83(build-it-and-thery-will-come)\u2018\uc774\ub77c\ub294 \uc774\uc57c\uae30\ub294 \uc544\ub2c8\ub2e4. \uae30\ucd08\ubd80\ud130 \uc2dc\uc791\ud558\ub294 \ub9c8\ucf00\ud305 \ub178\ub825\uc774 \ud544\uc694\ud558\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc778\ub3c4\uc758 \uc11d\uacf5, \uac74\uc124\uc5c5\uc790, \uac74\ucd95\uac00\ub4e4\uc740 \uc0c8\ub85c\uc6b4 \ucf58\ud06c\ub9ac\ud2b8 \ud63c\ud569\uc81c \ubc0f \uc2a4\ud398\uc15c\ud2f0 \ud654\ud559\ubb3c\uc744 \uc0ac\uc6a9\ud558\ub294 \uc5ec\ub7ec \uac74\ucd95\uc790\uc7ac\ub4e4\uc744 \uc81c\ub300\ub85c \ud65c\uc6a9\ud560 \uc218 \uc788\ub3c4\ub85d \uad50\uc721 \ubc1b\uc544\uc57c \ud55c\ub2e4. \ub2e4\ud589\ud788\ub3c4, \uc778\ub3c4\uc5d0\uc11c \uc2a4\ub9c8\ud2b8\ud3f0\uacfc 4G \uc778\ud130\ub137 \uc11c\ube44\uc2a4\uc758 \ubcf4\uae09\uc774 \ud655\ub300\ub428\uc5d0 \ub530\ub77c \uc774\ub7f0 \ub9c8\ucf00\ud305 \uc791\uc5c5\uc744 \uc218\uc6d4\ud558\uac8c \ud558\uace0 \uc788\ub2e4. \uc774 \uc0c1\ud488\uc758 \ud0c0\ucf13\uce35\uc740 \uac1c\uc778\uc801\uc778 \uad50\uc721\ubcf4\ub2e4\ub294 \uc628\ub77c\uc778\uc5d0\uc11c \uc815\ubcf4\ub97c \ucc3e\uc744 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \ubb3c\ub860, \uc778\ub3c4\uae30\uc5c5\ub4e4\uc740 \ud655\uc2e4\ud788 \uc0c8\ub85c\uc6b4 \ub514\uc9c0\ud138 \uc5ed\ub7c9\uc744 \uac1c\ubc1c\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n

\ubcf4\uae30 6.<\/strong> \uc778\ub3c4\uc758 \ub300\ud615 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 TSR\uc758 \ubaa8\ub4e0 \uc694\uc18c\uc5d0\uc11c \ub2e4\ub978 \uc2e0\ud765\uc2dc\uc7a5 \uae30\uc5c5\ub4e4\uc744 \uc55e\uc9c0\ub974\uace0 \uc788\uc74c<\/p>\n

\"\"\uc778\ub3c4\uc758 \uad6d\ub0b4 \uae30\uc5c5\ub4e4\uc5d0\uac8c \ub610 \ub2e4\ub978 \uae30\ud68c\ub294 \uc218\ucd9c\uc744 \uc99d\ub300\ud558\ub294 \uac83\uc774\ub2e4. \uc6b0\ub9ac\ub294 \uc774\ubbf8 \uc778\ub3c4\uc758 \uba87\uba87 \ub18d\ud654\ud559\uae30\uc5c5\ub4e4\uc758 \uc218\ucd9c\uc5d0 \ub300\ud574 \uc5b8\uae09\ud55c \ubc14 \uc788\ub2e4. \uc720\uc0ac\ud55c \uae30\ud68c\uac00 \uc911\uac04\uccb4 \uc0dd\uc0b0\uc5c5\uccb4\ub4e4\uc5d0\uac8c\ub3c4 \uc874\uc7ac\ud55c\ub2e4. \uc11c\uad6c \uad6d\uac00\ub4e4\uc774 \uacf5\uae09\ud558\ub294 \uac83\uc5d0 \ube44\ud574 \ub354 \uc800\ub834\ud55c \uac00\uaca9\uacfc (\uba87\uba87 \uacbd\uc6b0\uc5d0\ub294) \uc911\uad6d\uc0b0\ubcf4\ub2e4 \uc88b\uc740 \ud488\uc9c8\uc744 \ubb34\uae30\ub85c \uc778\ub3c4\uc0b0 \uc911\uac04\uccb4\ub4e4\uc740 \uc774\ubbf8 \uc720\ub7fd\uacfc \ubbf8\uad6d\uc758 \ud654\ud559\uc2dc\uc7a5\uc5d0\uc11c \uc57d\uc9c4\uc758 \ubc1c\ud310\uc744 \ub9c8\ub828\ud558\uace0 \uc788\ub2e4. \uac74\uac15\uae30\ub2a5\uc131\uc81c\ud488\uc740 \uadf8 \uc911\uc5d0\uc11c\ub3c4 \ucd08\uae30\uc758 \uc131\uacf5\uc744 \ub9db\ubcf4\uae30 \uc2dc\uc791\ud558\ub294 \uc601\uc5ed\uc774\ub2e4.<\/p>\n

\uc778\ub3c4\uae30\uc5c5\uc774 \uc544\ub2cc \uc678\uad6d \ub2e4\uad6d\uc801 \uae30\uc5c5\ub4e4\uc758 \uacbd\uc6b0\uc5d0\ub294, \ud575\uc2ec \uac1c\ubc1c \ub2c8\uc988- \uae68\ub057\ud55c \uacf5\uae30, \uc218\uc9c8, \uccad\uacb0 \ubc0f \uac1c\uc778 \uc704\uc0dd-\uc5d0\uc11c\ubd80\ud130 \ubcf4\ub2e4 \ubc1c\uc804\ub41c \uc2a4\ud398\uc15c\ud2f0 \uc0c1\ud488\uc5d0 \uc774\ub974\uae30\uae4c\uc9c0 \ub2e4\uc591\ud55c \ucd5c\uc885\uc2dc\uc7a5\uc5d0\uc11c \uae30\ud68c\uac00 \uc788\ub2e4. \ud558\uc9c0\ub9cc \uc774 \uae30\uc5c5\ub4e4\uc740 \uc601\uc5c5 \ubc0f \ub9c8\ucf00\ud305\uc5d0 \uc788\uc5b4 \uadf8\ub4e4\uc774 \ud604\uc9c0\uc5d0 \uc785\uc9c0\ub97c \ud655\uace0\ud788 \ud558\ub294 \uc815\ub3c4\uc5d0 \ub530\ub77c \uc131\uacf5\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \ub2e4\uad6d\uc801 \uae30\uc5c5\ub4e4\uc740 \ub610\ud55c \uadf8\ub4e4\uc758 \uae30\uc874 \uc81c\ud488\uc774 \uc778\ub3c4\uc5d0 \uc801\ud569\ud55c\uc9c0, \uc544\ub2c8\uba74 \uc778\ub3c4\uc758 \ubc1c\uc804\uc815\ub3c4\ub97c \uace0\ub824\ud574 \uc0c8\ub85c\uc6b4 \uc0c1\ud488-\uc544\ub9c8\ub3c4 \ub2e4\ub978 \uac00\uaca9 \ubc0f \uc131\ub2a5\uc73c\ub85c-\uc774 \ud544\uc694\ud560 \uc9c0\uc5d0 \ub300\ud574 \uc2ec\uc0ac \uc219\uace0\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\uc544\uc9c1 \uc778\ub3c4\uc5d0 \uc9c4\ucd9c\ud558\uc9c0 \uc54a\uc740 \uc678\uad6d\uae30\uc5c5\ub4e4\uc5d0\uac8c\ub294, \uc5b4\ub5bb\uac8c \uc2dc\uc791\ud574\uc57c \ud560 \uc9c0\uac00 \uace0\ubbfc\uc774\ub2e4. \ud30c\ud2b8\ub108\uc2ed\uc744 \uccb4\uacb0\ud558\uac70\ub098 M&A\ub97c \uc774\uc6a9\ud558\ub294 \uac83\uc740 \ubaa8\ub450 \uc2dc\uc7a5\uc5d0 \uc9c4\ucd9c\ud558\uace0 \uc0dd\uc0b0\uc5ed\ub7c9\uc744 \ud655\ucda9\ud558\ub294 \uc88b\uc740 \ubc29\ubc95\uc774\ub2e4. \uc778\ub3c4 \uc815\ubd80\ub294 \ud574\uc678 \ubc95\uc778\uc774 \uc778\ub3c4 \ud654\ud559\uae30\uc5c5\uc744 \uc644\uc804\ud788 \uc18c\uc720\ud560 \uc218 \uc788\ub3c4\ub85d \ud558\uace0 \uc788\uace0 \uc774\ub294 \ub2e4\uad6d\uc801 \uae30\uc5c5\ub4e4\uc774 \uace0\ub824\ud574\uc57c \ud558\ub294 \ubd80\ubd84\uc774\ub2e4. \uc544\uc9c1 \uc0dd\uc0b0\uc5c5\uccb4\ub4e4\uc774 \uc0b0\ubc1c\uc801\uc73c\ub85c \ud769\uc5b4\uc838 \uc788\ub294 \uc0c1\ud669\uc5d0\uc11c, \ud6a8\uc728\uc131\uc744 \ud5a5\uc0c1\uc2dc\ud0a4\uace0 \uaddc\ubaa8\uc758 \uacbd\uc81c\ub97c \ub2ec\uc131\ud568\uc73c\ub85c\uc368 \uc8fc\uc8fc \uac00\uce58\ub97c \ucc3d\ucd9c\ud560 \uc218 \uc788\ub294 \uae30\ud68c\uac00 \uc788\ub2e4. \ub610\ud55c, \uc678\uad6d\uae30\uc5c5\ub4e4\uc774 \uc778\ub3c4\uc758 \uace0\uc720\ud55c \ud654\ud559\ubb3c \uc2dc\uc7a5\uc5d0\uc11c \uc131\uacf5\ud558\uae30 \uc704\ud574 \ud544\uc694\ud55c \uc811\uadfc\uad8c, \uc778\uc801 \ub124\ud2b8\uc6cc\ud06c, \uc774\ud574\ub825\uc744 \uc9c0\ub2cc \ud604\uc9c0\uc758 \ub9e4\ub2c8\uc800\ub4e4\uc744 \ud65c\uc6a9\ud55c\ub2e4\uba74 \uc131\uacf5\uac00\ub2a5\uc131\uc774 \ub354\uc6b1 \ub192\uc544\uc9c8 \uac83\uc5d0\ub294 \uc758\uc2ec\uc758 \uc5ec\uc9c0\uac00 \uc5c6\ub2e4.<\/p>\n

\ud654\ud559 TSR\uc5d0 \ubbf8\uce58\ub294 \ub514\uc9c0\ud138\uc758 \uc601\ud5a5<\/strong><\/span><\/h3>\n
\n

\ud654\ud559\uc0b0\uc5c5\uc740 \ub514\uc9c0\ud138 \uae30\uc220\uc744 <\/strong><\/span>
\n\ud6a8\uacfc\uc801\uc73c\ub85c \ud65c\uc6a9\ud558\ub294 \ub370 \uc788\uc5b4 <\/strong><\/span>
\n\ub2e4\uc18c \ub354\ub518 \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4.<\/strong><\/span><\/p>\n

BCG\uc758 \ubd84\uc11d\uc5d0 \ub530\ub974\uba74 \ud654\ud559\uc0b0\uc5c5\uc740 \ub514\uc9c0\ud138 \uae30\uc220\uc744 \ud6a8\uacfc\uc801\uc73c\ub85c \ud65c\uc6a9\ud558\ub294 \ub370 \uc788\uc5b4 \ub2e4\uc18c \ub354\ub518 \ubaa8\uc2b5\uc744 \ubcf4\uc600\ub2e4. \uc804\uc138\uacc4 \ud654\ud559\uae30\uc5c5\uc758 17%\ub9cc\uc774 \uc6b0\ub9ac\uac00 \uc815\uc758\ud55c \u201a\u2018\ub514\uc9c0\ud138 \ucc54\ud53c\uc5b8(digital champion)\u2018\uc5d0 \uc18d\ud558\ub294\ub370 \uc774\ub294 \uc804\uccb4 \uc0b0\uc5c5 \uae30\uc900 23%\uc5d0 \ube44\uad50\ub418\ub294 \ube44\uc728\uc774\ub2e4. \ub514\uc9c0\ud138 \ucc54\ud53c\uc5b8\uc740 \uae30\uc220\uc744 \uc774\uc6a9\ud574 \uc6b4\uc601\uc774\ub098 \uace0\uac1d \uc778\ud130\ud398\uc774\uc2a4 \ub4f1\uc758 \ud575\uc2ec \ud504\ub85c\uc138\uc2a4\ub97c \uac1c\uc120\ud558\ub294 \uae30\uc5c5\uc744 \uc77c\uceeb\ub294\ub2e4. \ub610\ud55c \ub514\uc9c0\ud138\uc744 \ud65c\uc6a9\ud574 \ub370\uc774\ud130\ub97c \ub354\uc6b1 \uc798 \uc0ac\uc6a9\ud558\uace0 \uc0c8\ub86d\uace0 \ud601\uc2e0\uc801\uc778 \ube44\uc988\ub2c8\uc2a4 \ubaa8\ub378\uc744 \ub3c4\ucd9c\ud574 \ub0b8\ub2e4. (2018\ub144 BCG \uae30\uace0\ubb38, \u2018Digital Maturity Is Paying off\u2018 \ucc38\uc870.)<\/p>\n

2019\ub144\uc774 \ub418\uae30 \uc804\uc5d0\ub294, \uc911\uc694\ud55c \ub514\uc9c0\ud138 \ubc1c\uc804\uc744 \uc774\ub8e8\uc9c0 \uc54a\uc740 \ud654\ud559\uae30\uc5c5\uc740 \uac70\uc758 \uc5c6\uc744 \uac83\uc774\ub2e4. \ud654\ud559\uc0b0\uc5c5\uc758 \ubaa8\ub4e0 \ud558\uc704\ubd80\ubb38\uc5d0\uc11c, \ub514\uc9c0\ud138 \uae30\uc220\uc740 \uc6b4\uc601\uac1c\uc120\uc5d0 \uae30\uc5ec\ud558\uba70, \ud2b9\ud788 \uc0dd\uc0b0\ud6a8\uc728\uc131\uacfc \uacf5\uae09 \uc0ac\uc2ac \ud22c\uba85\uc131 \ubd84\uc57c\uc5d0 \ub3c4\uc6c0\uc744 \uc8fc\uace0 \uc788\ub2e4. \uc678\ubd80\uc5d0\uc11c\ub294, \uac1c\ubcc4 \uae30\uc5c5\uc758 \ub514\uc9c0\ud138 \ucd94\uc9c4 \ub178\ub825\uc774 \uadf8 \uae30\uc5c5\uc758 TSR\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \uc815\ub7c9\ud654\ud560 \ubc29\ubc95\uc774 \uc5c6\ub2e4. \ud558\uc9c0\ub9cc \uad00\ub828 \ud22c\uc790\uc758 \uc2b9\uc778- \ud654\ud559\uc0b0\uc5c5\uc5d0\uc11c \ub300\ubd80\ubd84\uc758 \ub514\uc9c0\ud138 \ud504\ub85c\uc81d\ud2b8\ub294 \ud22c\uc790\uc790\ubcf8\uc218\uc775\ub960 \uae30\uc900\uc744 \ud1b5\uacfc\ud574\uc57c \ud55c\ub2e4- \uc744 \uc5bb\uc5c8\ub2e4\ub294 \uc810\uacfc BCG\uac00 \uad00\ub828\ud300\uacfc \ub17c\uc758\ud55c \ubc14\uc5d0 \ube44\ucd94\uc5b4 \ubcfc \ub54c \uc6b0\ub9ac\ub294 \uc774\ub7f0 \ud504\ub85c\uc81d\ud2b8\ub4e4\uc774 \uc774\uc775 \ub9c8\uc9c4\uc744 \ud2c0\ub9bc\uc5c6\uc774 \uac1c\uc120\uc2dc\ud0ac \uac83\uc774\ub77c\uace0 \ud310\ub2e8\ud55c\ub2e4.<\/p>\n

\uadfc\ubcf8\uc801\uc73c\ub85c \ud558\uc704\ubd80\ubb38\uc758 \uacbd\uc7c1\uad6c\ub3c4\uc640 \uacbd\uc81c\uc131\uc744 \ubcc0\ud654\uc2dc\ud0a4\ub294-\ub2e8\uc21c\ud788 \uc810\uce35\uc801\uc778 \uc218\uc900\uc774 \uc544\ub2c8\ub77c \uadf9\uc801\uc73c\ub85c \uac1c\ubcc4\ud68c\uc0ac\uc758 TSR\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\ub294- \ub514\uc9c0\ud138 \ud22c\uc790\ub098 \ud504\ub85c\uc81d\ud2b8\uc758 \uc0ac\ub840\ub97c \ucc3e\ub294 \uac83\uc740 \ud654\ud559\uc0b0\uc5c5\uc5d0\uc11c\ub294 \ud2b9\ud788 \ub354 \uc5b4\ub824\uc6b4 \uc77c\uc774\ub2e4. \ud558\uc9c0\ub9cc, \uadf8\ub7f0 \uc0ac\ub840\uac00 \ubc1c\uc0dd\ud558\uace0 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ub514\uc9c0\ud138\uc758 \ud575\uc2ec\uc740 \uac00\uaca9\ubcf4\ub2e4\ub294 \uacb0\uacfc\ubb3c\uc758 \ubcf4\uc7a5\uacfc \uac19\uc740 \ud1b5\ud569 \uc194\ub8e8\uc158\uacfc \uad00\ub828\ub41c \uac00\uce58\uc81c\uc548\uc774 \ub420 \uc218 \uc788\ub2e4. \ucf54\ud305 \ud68c\uc0ac\ub77c\uba74, \uc1a1\uc7a5\uacfc \ud568\uaed8 100 \ud1b5\uc758 \ucf54\ud305\uc744 \ub2e8\uc21c\ud788 \ubc30\ub2ec\ud558\ub294 \uac83\uc774 \uc544\ub2c8\ub77c, \ub9e4\uc77c \uc790\ub3d9\ucc28OEM\uc5d0 \uc77c\uc815\ud55c \uc218\uc758 \ucf54\ud305\ub41c \uc790\ub3d9\ucc28\ub97c \u2018\ud310\ub9e4\ud558\ub294\u2018 \uac83\uc774 \ub41c\ub2e4. \uc0b0\uc5c5\uc6a9 \ubd84\ubb34\uae30 \uc81c\uc870\uc5c5\uccb4\uc640 \ud568\uaed8 \uac1c\ubc1c\ud55c \ub514\uc9c0\ud138 \uae30\uc220\uc744 \uc774\uc6a9\ud574 \uc790\ub3d9\uc73c\ub85c \ucf54\ud305\uc744 \ubbf8\uc138\uc870\uc815\ud558\uace0, \ubb38\uc81c\uc810\uc744 \ubc1c\uacac\ud558\uace0, \ud488\uc9c8\uc744 \ubcf4\uc7a5\ud558\uace0 \uc644\uc131\ub41c \u2018\ucf54\ud305\u2018\uc758 \uc218\ub97c \uac10\uc218\ud560 \uc218 \uc788\uc744 \uac83\uc774\ub2e4. \ub9c8\ucc2c\uac00\uc9c0\ub85c, \ub18d\ud654\ud559 \uae30\uc5c5\uc774 \uc81c\ucd08\uc81c\ub97c \ub9ac\ud130 \ub2e8\uc704\ub85c \ud30c\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \ub18d\ubd80\ub4e4\uc5d0\uac8c \ud574\ucda9 \uc5c6\ub294 \ub17c\ubc2d, \ud639\uc740 \uc77c\uc815\ud55c \uc218\uc785\uc744 \uc57d\uc18d\ud558\ub294 \ubc29\uc2dd\uc73c\ub85c \uc81c\ucd08\uc81c\ub97c \ud314 \uc218\ub3c4 \uc788\ub2e4. \uc774\ub7f0 \ubc29\uc2dd\uc758 \uacc4\uc57d\uc740 \uc544\uc9c1\uc740 \uc2dc\uc791\ub2e8\uacc4\uc5d0 \ubd88\uacfc\ud558\uc9c0\ub9cc \uaddc\uc81c\uac00 \ub9ce\uace0 \uace0\uac1d\uc758 \uc694\uad6c\uc0ac\ud56d\uc774 \ub9e4\uc6b0 \uad6c\uccb4\uc801\uc778 \uc9c0\uc5ed\uc5d0 \uc788\ub294 \ub18d\uc7a5\uc5d0 \uc0c1\ub2f9\ud55c \ud61c\ud0dd\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n

\uc804\ubc18\uc801\uc73c\ub85c, \uc774 \uac19\uc740 \ub514\uc9c0\ud138 \uae30\uc220\uc740 \uae30\ucd08 \ud654\ud559\ubb3c \uae30\uc5c5\ubcf4\ub2e4\ub294 \ub2e8\uc77c \uc2a4\ud398\uc15c\ud2f0\uc640 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\ucc98\ub7fc \uc131\ub2a5\uc758 \ucc28\uc774\uac00 \ub354\uc6b1 \uc2e4\uc9c8\uc801\uc774\uace0 \uc911\uc694\ud55c \uae30\uc5c5\uc5d0\uc11c \uc0ac\uc6a9\ub420 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4. \ubb3c\ub860, \uae30\ucd08 \ud654\ud559\ubb3c\uc5d0\uc11c\ub3c4, \ub514\uc9c0\ud138\uc744 \uc774\uc6a9\ud574 \ud1b5\ud569 \uac00\uc0c1 \uc0dd\uc0b0- \ub9ce\uc740 \ud654\ud559\uacf5\uc7a5\uc758 \uace8\uce6b\uac70\ub9ac\uc778 \ubcc0\ub355\uc2a4\ub7ec\uc6b4 \ud638\ubd88\ud669 \uc21c\ud658\uc758 \uc601\ud5a5\uc744 \uc57d\ud654\uc2dc\ud0ac \uc218 \uc788\ub294 \uc77c\uc885\uc758 \uc790\uc0b0 \uacf5\uc720\ubc29\ubc95- \uc744 \uc2e4\ud589\ud560 \uc218\ub3c4 \uc788\ub2e4.<\/p>\n

\n

\uc2e4\uc81c\ub85c \ucd94\uc9c4\ub41c \ub514\uc9c0\ud138 \ud601\uc2e0\uc774 \uc5c6\uc74c\uc740 <\/strong><\/span>
\n\ud654\ud559\uc0b0\uc5c5\uc758 \ubcf4\uc218\uc801 \uc131\ud5a5\uc744 <\/strong><\/span>
\n\ubc18\uc601\ud558\ub294 \uac83\uc77c \uac83\uc774\ub2e4.<\/strong><\/span><\/p>\n

\uc774 \uc911 \uc2e4\uc81c\ub85c \ucd94\uc9c4\ub41c \ud601\uc2e0\uc774 \ud558\ub098\ub3c4 \uc5c6\ub2e4\ub294 \uac83\uc740 \ud654\ud559\uc0b0\uc5c5\uc758 \ubcf4\uc218\uc801 \uc131\ud5a5\uc744 \ubc18\uc601\ud558\ub294 \uac83\uc77c \uac83\uc774\ub2e4. \uac00\uc7a5 \uc804\ud1b5\uc801\uc778 \uc790\uc7ac \uc0b0\uc5c5 \uc911 \ud558\ub098\uc778 \ud654\ud559\uc0b0\uc5c5\uc5d0\uc11c, \ud30c\uad34\uc801 \ud601\uc2e0\uc774 \uc8fc\ub294 \ubd88\ud655\uc2e4\uc131\uc740, \uc801\uc5b4\ub3c4 \ub2e8\uae30\uc801\uc73c\ub85c\ub294, \uc8fc\uc8fc\uac00\uce58\uc5d0 \uc704\ud611\uc774 \ub418\ub294 \uc911\ub300\ud55c \ubcc0\ud654\uc5d0 \ubc18\ud558\ub294 \ud3b8\uacac\uc744 \ub9cc\ub4e4\uc5b4 \ub0bc \uc218 \uc788\ub2e4.<\/p>\n

 <\/p>\n

2019\ub144\uc744 \uace0\ub824\ud55c \uc9c4\ub2e8\uacb0\uacfc<\/strong><\/span><\/h3>\n

\ubaa8\ub4e0 \ud654\ud559\uae30\uc5c5\uc774 \ub530\ub77c\uc57c \ud558\ub294 \ud558\ub098\uc758 \uc804\ub7b5 \ud639\uc740 \uc804\ub7b5 \ubaa9\ub85d\uc740 \uc5c6\ub2e4. \uadf8\ub7ec\uae30\uc5d0\ub294 \ud654\ud559\uc0b0\uc5c5\uc774 \ub108\ubb34 \ubcf5\uc7a1\ud558\ub2e4. \ud558\uc9c0\ub9cc \ubaa8\ub4e0 \ud654\ud559\uae30\uc5c5\ub4e4\uc774 \ubb3c\uc5b4\uc57c \ud558\ub294 \uc9c8\ubb38\ub4e4\uc740 \uc788\ub2e4. 2019\ub144\uc744 \uace0\ub824\ud574, \uac00\uc7a5 \uc911\uc694\ud55c 5\uac1c\uc758 \uc9c8\ubb38\ub4e4\uc740 \ub2e4\uc74c\uacfc \uac19\ub2e4.<\/p>\n

\u2022 \uac01\uac01\uc758 \ube44\uc988\ub2c8\uc2a4\uac00 \uc790\uc728\uc131\uc774 \uc788\ub294\uac00?<\/strong> \uc774 \uc9c8\ubb38\uc740 \ubcf5\ud569 \uc2a4\ud398\uc15c\ud2f0 \uae30\uc5c5\uc758 \uacbd\uc601\uc9c4\uc5d0\uac8c \uac00\uc7a5 \uc801\uc808\ud55c \uc9c8\ubb38\uc774\ub2e4. \uc9c1\uc811\uc801\uc73c\ub85c \ub9d0\ud574\uc11c, \uc0c1\uba85\ud558\ubcf5\uc2dd\uc758 \uc911\uc559\ud654\ub41c \uc758\uc0ac\uacb0\uc815 \ubc29\uc2dd\uc740 \ub354 \uc774\uc0c1 \ud1b5\ud558\uc9c0 \uc54a\ub294\ub2e4. \uac01\uac01\uc758 \ube44\uc988\ub2c8\uc2a4\uac00 \uc801\uc808\ud55c \uc6b4\uc601\ubaa8\ub378\uacfc \uac00\uce58\uc81c\uc548\uc744 \ucd94\uad6c\ud574 \uac01\uc790\uc758 \uc601\uc5ed\uc5d0\uc11c \uacbd\uc7c1\ud560 \uc218 \uc788\ub3c4\ub85d \ud574\uc57c \ud55c\ub2e4. R&D, \uad6c\ub9e4, \uc0dd\uc0b0 \ubc0f \uacf5\uae09\uc0ac\uc2ac\uc5d0 \ub300\ud55c \uc911\uc559\ud654\ub41c \uc811\uadfc \uc5ed\uc2dc \ucca0\uc800\ud788 \uac80\uc99d\ub418\uc5b4\uc57c \ud55c\ub2e4. \uc774 \uacf5\uc720\uae30\ub2a5\uc744 \uc815\ub2f9\ud654\ud558\ub294 \uc2dc\ub108\uc9c0 \ud6a8\uacfc\ub294 \uc885\uc885 \uacfc\ub300\ud3c9\uac00\ub418\ub294 \uacbd\ud5a5\uc774 \uc788\ub2e4.<\/p>\n

\u2022 \uc9c0\uc18d\uac00\ub2a5\uc131\uc744 \uace0\ub824\ud574 \ud601\uc2e0\ud558\uace0 \uc788\ub294\uac00?<\/strong> \u2018\uc9c0\uc18d\uac00\ub2a5\uc131\u2018\uc774\ub77c\ub294 \ub2e8\uc5b4\ub294 \uaddc\uc81c\uac00 \uc2ec\ud55c \ubd80\ubd84\uc5d0\uc11c\ub294 \ubd80\uc815\uc801\uc778 \uc778\uc0c1\uc744 \uc904 \uc218\ub3c4 \uc788\ub2e4. \ud558\uc9c0\ub9cc \uc9c0\uc18d\uac00\ub2a5\uc131\uc740 \uc0c1\uc5c5\uc801\uc73c\ub85c \uae0d\uc815\uc801\uc778 \ubd80\ubd84\ub3c4 \ubd84\uba85\ud788 \uc788\ub2e4. \uace0\uac1d\ub4e4\uc740 \ucd5c\uadfc \ub300\ub450\ub418\ub294 \ub2e4\uc591\ud55c \uac74\uac15 \ud639\uc740 \ud658\uacbd \uc694\uac74\uc744 \ucda9\uc871\uc2dc\ud0a4\uace0 \uc2f6\uc5b4\ud558\uace0 \ub610 \uadf8\ub798\uc57c\ub9cc \ud558\uae30 \ub54c\ubb38\uc5d0 \u2013\ub610\ud55c, \uc0ac\uc5c5\uc7a5 \ub0b4\uc5d0\uc11c\ub3c4 \uc9c0\uc18d\uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uc694\uac74\uc774 \uc99d\uac00\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0- \uc774\ub7f0 \uc758\ubb34\uc0ac\ud56d\uc744 \uc9c0\ud0ac \uc218 \uc788\ub294 \uc0c8\ub85c\uc6b4 \ubc29\ubc95\uc744 \ucc3e\uc544\uc57c \ud558\uace0 \uc9c0\uc18d\uac00\ub2a5\uc131\uc5d0 \ub354 \ub9ce\uc740 \ud601\uc2e0\uc801\uc778 \ud22c\uc790\ub97c \ud574\uc57c \ud560 \uac83\uc774\ub2e4.<\/p>\n

\u2022 \uc2dc\uc7a5 \uac1c\ubc1c\uc744 \uc704\ud574 \uc801\ud569\ud55c \uacc4\ud68d\uc744 \uc218\ub9bd\ud588\ub294\uac00?<\/strong> \ub300\uae30\uc5c5\ub4e4\uc740 \uc885\uc885 \uc774\ubbf8 \uc785\uc9c0\ub97c \uad73\ud78c \uc9c0\uc5ed\uc5d0\uc11c \uc131\uacf5\ud588\ub358 \uc0c1\ud488\uc73c\ub85c \uc0c8\ub85c\uc6b4 \uc2dc\uc7a5\uc5d0 \uc9c4\ucd9c\ud558\uace4 \ud55c\ub2e4. \uc774\ub294 \ube44\uc6a9\uc808\uc57d\uc774\ub77c\ub294 \uce21\uba74\uc5d0\uc11c \uc774\ud574\ub418\ub294 \uc804\uc220\uc774\uc9c0\ub9cc, \ubcf4\ud1b5\uc740 \uc81c\ub300\ub85c \ud6a8\uacfc\ub97c \ubcf4\uc9c0 \ubabb\ud55c\ub2e4. \uc0c8\ub85c\uc6b4 \ud654\ud559\uc2dc\uc7a5-\uc778\ub3c4\uac00 \uadf8 \uc88b\uc740 \uc608\uc774\ub2e4-\uc5d0\uc11c\uc758 \uc6b0\ub9ac\uc758 \uacbd\ud5d8\uc5d0 \ube44\ucdb0 \ubcfc \ub54c, \uc0c1\ud488\uacfc \uc194\ub8e8\uc158\uc740 \ud604\uc9c0\uc758 \ub2c8\uc988\uc5d0 \ub530\ub77c \ub9de\ucda4 \uc870\uc815\ub420 \ud544\uc694\uac00 \uc788\ub2e4. \ub610\ud55c \uc911\uc694\ud55c \uac83\uc740 \ud604\uc9c0\uc5d0 \uc790\uc0b0\uc744 \ubcf4\uc720\ud558\uace0 \ud604\uc9c0\uc5d0 \uc804\uc6a9 \uc778\ud504\ub77c\ub97c \uac16\ucd94\ub294 \uac83\uc774\ub2e4.<\/p>\n

\u2022 \uc804\ub7b5\uc801\uc778 \ucc28\ubcc4\ud654\ub97c \uc704\ud574 \ub514\uc9c0\ud138\uc744 \ud65c\uc6a9\ud558\uace0 \uc788\ub294\uac00?<\/strong> \uc801\uc808\ud55c \ub514\uc9c0\ud138 \uc804\ub7b5\uc744 \uc218\ub9bd\ud558\ub294 \uac83\uc740 \uc5b4\ub290 \uc815\ub3c4 \uc0c1\uc0c1\ub825\uc744 \ud544\uc694\ub85c \ud558\ub294 \uc77c\uc774\ub2e4. \uc2dc\ub098\ub9ac\uc624\ub97c \uc0c1\uc0c1\ud574 \uc2e0\uaddc \uae30\uc5c5\uc774 \ub4f1\uc7a5\ud574 \ub2f9\uc2e0\uc758 \uace0\uac1d\uc744 \uac00\ub85c\ucc44\uae30 \uc704\ud574 \ubb34\uc5c7\uc744 \ud560 \uc9c0 \uc0dd\uac01\ud574\uc57c \ud55c\ub2e4. \uadf8\ub9ac\uace0, \ub2e8\uc21c\ud788 \uc778\ud48b \uae30\ubc18\uc758 \ud654\ud559\uc81c\ud488\uc774 \uc544\ub2cc \uc544\uc6c3\ud48b\uacfc \ud61c\ud0dd\uc744 \ubcf4\uc7a5\ud558\ub294 \ubc29\uc2dd\uc744 \uc81c\uc548\ud558\ub294 \ub4f1 \ub514\uc9c0\ud138\uc744 \uc774\uc6a9\ud574 \uc5b4\ub5bb\uac8c \uac00\uce58\uc81c\uc548\uc744 \ud655\uc7a5\ud560 \uc218 \uc788\uc744\uc9c0 \uace0\ubbfc\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n

\u2022 \ubb34\uc5ed \ubc0f \uad00\uc138 \uc81c\ub3c4\uc758 \ubcc0\ud654\uc5d0 \uc900\ube44\ub3fc \uc788\ub294\uac00?<\/strong> \uc138\uacc4 \ubb34\uc5ed\uc758 \ud750\ub984\uc5d0\uc11c \ud68c\uc0ac\uac00 \ud655\ubcf4\ud55c \uc9c0\uc704\uc5d0 \ub530\ub77c \ub2e4\ub974\uaca0\uc9c0\ub9cc, \ube44\uc6a9 \uc0c1\uc2b9 \ubc0f \ub9e4\ucd9c \ud558\ub77d\uc5d0 \uc2e4\uc9c8\uc801\uc778 \ub9ac\uc2a4\ud06c\uac00 \uc788\ub2e4. \ubb34\uc5ed\uacfc \uad00\ub828\ud55c \ubd88\ud655\uc2e4\uc131 \uc5ed\uc2dc \ud654\ud559\uc0b0\uc5c5 \uc804\ubc18\uc5d0 \uac78\uccd0 \uc7ac\uace0\uc218\uc900\uc744 \uc0c1\uc2b9\uc2dc\ud0ac \uc218 \uc788\uace0, \uc774\ub294 ROCE\uc640 TSR\uc744 \ucd95\uc18c\uc2dc\ud0ac \uac83\uc774\ub2e4. \uc9c0\uae08\uc73c\ub85c\uc11c\ub294, \ud655\uc2e4\ud55c \uac83\ubcf4\ub2e4\ub294 \ubd88\ud655\uc2e4\uc131\uc774 \ud06c\ub2e4. \ub530\ub77c\uc11c \uacbd\uc601\uc9c4\ub4e4\uc740 \ubc18\ub4dc\uc2dc \uc790\uc2e0\ub4e4\uc758 \uc0c1\ud488\uacfc \uc138\uadf8\uba3c\ud2b8 \uc911 \uc5b4\ub5a4 \uac83\uc774 \uae0d\uc815\uc801 \ud639\uc740 \ubd80\uc815\uc801\uc778 \uc601\ud5a5\uc744 \ubc1b\uc744\uc9c0\uc5d0 \ub300\ud574 \uad6c\uccb4\uc801\uc73c\ub85c \ud30c\uc545\ud558\uace0, \uace0\uac1d\uacfc \ud611\ub825\uc5c5\uccb4\uc5d0 \ubbf8\uce60\u2018\uc774\ucc28 \uc601\ud5a5\u2018\uc744 \uace0\uc2ec\ud558\uba70, \ub300\uc548 \uacf5\uae09\uc0ac\uc2ac \uc2dc\ub098\ub9ac\uc624\ub97c \uc218\ub9bd\ud574, \uc5b4\ub5a0\ud55c \uc9c0\uc815\ud559\uc801 \ubcc0\ud654\uac00 \ub2e5\uce5c\ub2e4\uace0 \ud574\ub3c4 \ud68c\uc0ac\uac00 \ubc88\ucc3d\ud560 \uc218 \uc788\ub3c4\ub85d \ud574\uc57c \ud560 \uac83\uc774\ub2e4.<\/p>\n

\ucc38\uc870<\/strong>
\n1. \ubcf8 \ubcf4\uace0\uc11c\uc5d0\uc11c \uace0\ub824\ud55c 5\uac1c\ub144 \uae30\uac04\uc740 2013\ub144 1\uc6d4 1\uc77c\ubd80\ud130 2017\ub144 12\uc6d4 31\uc77c\uae4c\uc9c0\uc758 \uae30\uac04\uc774\ub2e4. \uadf8 \uc804 5\uac1c\ub144 \uae30\uac04\uc740 2012\ub144 1\uc6d4 1\uc77c\ubd80\ud130 2016\ub144 12\uc6d4 31\uc77c\uae4c\uc9c0\uc758 \uae30\uac04\uc744 \ub9d0\ud55c\ub2e4.
\n2. DowDuPont\uc758 5\uac1c\ub144 TSR\uc740 Dow \uc640 Dupont\uc758 \ud569\ubcd1 \uc804\uae4c\uc9c0\ub294 \uac01\uac01\uc758 TSR\uc744 \uae30\uc900\uc73c\ub85c \ud558\uba70, \uadf8 \uc678 \uc7ac\uc815\uc801\uc778 \uacc4\uc0b0\ub4e4\ub3c4 \uc77c\ubd80 \ucc38\uace0\ud558\uace0 \uc788\ub2e4.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\ud654\ud559\uc0b0\uc5c5\uc774 \ud3c9\uade0 \uc774\uc0c1\uc758 \ucd1d\uc8fc\uc8fc\uc218\uc775\ub960\uc744 \uae30\ub85d\ud558\uace0 \uc788\ub2e4. \uc774\ub294 \ub2e4\ub978 \uc0b0\uc5c5\ub4e4\uc758 \uc218\uc775\ub960\uc774 \ud558\ub77d\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c \ud2b9\ud788 \uc8fc\ubaa9\ud560 \ub9cc\ud55c \uc131\uacfc\uc774\ub2e4. \uc9c0\ub09c \uba87 \ub144 \ub3d9\uc548 \uc911\uad6d, \uc77c\ubcf8, \uc778\ub3c4\uc758 \ud654\ud559\uae30\uc5c5\ub4e4\uc740 \ud2b9\ud788 \ud6cc\ub96d\ud55c \uc2e4\uc801\uc744 \uae30\ub85d\ud588\ub2e4. \uc778\ub3c4\ub294 \uc774\ubbf8 \uc804 \uc138\uacc4\uc5d0\uc11c \uac00\uc7a5 \ube68\ub9ac \uc131\uc7a5\ud558\ub294 \ud654\ud559\uc2dc\uc7a5 \uc911 \ud558\ub098\uc600\uc9c0\ub9cc, \uc774\uc81c\ub294 \ud654\ud559\uc81c\ud488 \uc18c\ube44\uc758 \uc0c8\ub85c\uc6b4 \uc7a5\uc744 \uc5f4\uace0 \uc788\ub2e4.<\/p>\n","protected":false},"author":1,"featured_media":629,"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":[32],"tags":[],"class_list":{"0":"post-628","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry"},"_links":{"self":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/628","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=628"}],"version-history":[{"count":0,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/posts\/628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media\/629"}],"wp:attachment":[{"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/media?parent=628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/categories?post=628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcgblog.kr\/wp-json\/wp\/v2\/tags?post=628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}