{"id":35302,"date":"2025-07-24T22:29:45","date_gmt":"2025-07-24T13:29:45","guid":{"rendered":"https:\/\/www.sanctionlab.com\/?p=35302"},"modified":"2025-07-25T22:38:02","modified_gmt":"2025-07-25T13:38:02","slug":"%ec%96%b8%ec%95%84%ec%9b%83-%ea%b3%84%ec%95%bd-%eb%af%b8%ea%b3%b5%ea%b0%9c-%ec%9e%90%eb%b3%b8%ec%8b%9c%ec%9e%a5%eb%b2%95-%ec%9c%84%eb%b0%98-vs-%ec%a4%80%ec%88%98","status":"publish","type":"post","link":"https:\/\/www.sanctionlab.com\/?p=35302","title":{"rendered":"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 ‘\uc704\ubc18 vs \uc900\uc218’"},"content":{"rendered":"

| \u2461IPO \uc2dc \uc0ac\ubaa8\ud380\ub4dc \uc774\uc775\ubc30\ubd84 \ubbf8\uacf5\uac1c \uc124\uc655\uc124\ub798\u2026\ub300\ud615\ub85c\ud38c ‘\ubb38\uc81c \uc5c6\uc5b4’ \uc790\ubb38 \ub4a4 \uacb0\uc815<\/h3>\n

\ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4.<\/p>\n

\ubc29 \uc758\uc7a5\uacfc \ud558\uc774\ube0c \uce21\uc774 \ub300\ud615 \ub85c\ud38c\uc73c\ub85c\ubd80\ud130 ‘\uae30\uc7ac\ud558\uc9c0 \uc54a\uc544\ub3c4 \ub41c\ub2e4’\ub294 \uc790\ubb38\uc744 \uad6c\ud55c \ub4a4 \uc774\ub904\uc9c4 \uc77c\uc774\ub2e4. \ubc95\ub9ac\uc801\uc778 \ubb38\uc81c\ub97c \uc774\ubbf8 \ucda9\ubd84\ud788 \ub530\uc838 \ubb3b\uace0 \uc2e4\ud604\ud55c \uc0ac\uc548\uc774\ub780 \uc774\uc57c\uae30\ub2e4. \ub2e4\ub9cc \uc774\uc5d0 \ub300\ud55c \ubc95\ub9ac\uc801 \uc7c1\uc810\uc744 ‘\uc880 \ub354 \ub530\uc838\ubd10\uc57c \ud55c\ub2e4’\ub294 \uc77c\ubd80 \uc758\uacac\ub3c4 \uc788\ub2e4.<\/p>\n

\ud575\uc2ec\uc740 \ud574\ub2f9 \uacc4\uc57d\uc774 \uc77c\ubc18 \ud22c\uc790\uc790\uc758 \ud22c\uc790\ud310\ub2e8\uc5d0 \ud070 \uc601\ud5a5\uc744 \ubbf8\uce58\ub294 ‘\uc911\uc694\uc0ac\ud56d’\uc5d0 \ud574\ub2f9\ud558\ub294\uc9c0 \uc5ec\ubd80\ub2e4.<\/p>\n

\u25c7PEF\uc640 ‘\uc5b8\uc544\uc6c3\u00b7\ud48b\uc635\uc158’ \uacc4\uc57d \ub3d9\uc2dc \uccb4\uacb0<\/strong><\/p>\n

\uae08\uc735\ub2f9\uad6d\uc740 \ubc29 \uc758\uc7a5\uc774 SPC \ubcf4\uc720 \uc8fc\uc2dd\uc758 \ub9e4\uac01\ucc28\uc775 30%\ub97c \ubcf8\uc778\uc774 \ucde8\ub4dd\ud558\ub294 \uacc4\uc57d\uc744 \uccb4\uacb0\ud558\uace0\ub3c4 \uc0c1\uc7a5 \uacfc\uc815\uc5d0\uc11c \ud574\ub2f9 \uacc4\uc57d\uacfc \uc784\uc6d0\ub4e4\uc758 \uc0ac\ubaa8\ud380\ub4dc \uc5f0\uacc4 \uc0ac\uc2e4\uc744 ‘\uc740\ud3d0’ \ud588\ub2e4\uace0 \ubb38\uc81c \uc0bc\uace0 \uc788\ub2e4. \uc790\ubcf8\uc2dc\uc7a5\ubc95 \uc81c178\uc870 \uc81c1\ud56d \uc81c1\ud638 ‘\ubd80\uc815\ud55c \uc218\ub2e8, \uacc4\ud68d \ub610\ub294 \uae30\uad50\ub97c \uc0ac\uc6a9\ud558\ub294 \ud589\uc704’\uc5d0 \ud574\ub2f9\ud55c\ub2e4\ub294 \uc785\uc7a5\uc774\ub2e4.<\/p>\n

\uadf8\ub7f0\ub370 \ud575\uc2ec \uc7c1\uc810\uc774 \ub41c ‘\uc5b8\uc544\uc6c3’\uc740 \ubc29 \uc758\uc7a5 \uce21\uc758 \uc77c\ubc29\uc801 \uc694\uccad\uc73c\ub85c \uccb4\uacb0\ub41c \uac83\uc774 \uc544\ub2c8\ub2e4. \ucd08\uae30 \ud22c\uc790\uc790\ub85c\ubd80\ud130 \uc9c0\ubd84\uc744 \uc0ac\ub4e4\uc778 PE \ucabd \uc81c\uc548\uc73c\ub85c \uc774\ub904\uc84c\ub2e4.<\/p>\n

\ubc29 \uc758\uc7a5\uacfc \uac00\uc7a5 \uba3c\uc800 \uc5b8\uc544\uc6c3 \uacc4\uc57d\uc744 \ub9fa\uc740 \ud22c\uc790\uc790\ub294 \uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\ub2e4. \uc5c5\uacc4\uc5d0 \ub530\ub974\uba74 \uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\ub294 2018\ub144 10\uc6d4 \ud558\uc774\ube0c \uad6c\uc8fc\ub97c \ub9e4\uc785\ud558\ub294 \uacfc\uc815\uc5d0\uc11c \ubc29 \uc758\uc7a5\uc5d0\uac8c \uba3c\uc800 \ud48b\uc635\uc158 \uacc4\uc57d\uc744 \uc81c\uc548\ud588\ub2e4.<\/p>\n

\uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\ub294 \ud558\uc774\ube0c\uac00 2023\ub144 \ub9d0\uae4c\uc9c0 \uae30\uc5c5\uacf5\uac1c(IPO)\uc5d0 \uc2e4\ud328\ud560 \uacbd\uc6b0 \ubc29 \uc758\uc7a5\uc744 \uc0c1\ub300\ub85c 2000\uc5b5\uc6d0 \uaddc\ubaa8\uc758 \ud48b\uc635\uc158\uc744 \ud589\uc0ac\ud558\ub294 \uc870\uac74\uc744 \uac78\uc5c8\ub2e4. IPO\ub294 \ubcc0\uc218\uac00 \ub9ce\uc740 \uc791\uc5c5\uc778 \ub9cc\ud07c \ubc29 \uc758\uc7a5 \uc785\uc7a5\uc5d0\uc11c\ub3c4 \ud48b\uc635\uc158\uc744 \ubb34\uc791\uc815 \ubc1b\uae30\ub294 \ub9ac\uc2a4\ud06c\uac00 \uc0c1\ub2f9\ud588\ub2e4.<\/p>\n

\uc774\ub97c \uc0c1\uc1c4\ud560 \uc218 \uc788\uc5c8\ub358 \uc870\uac74\uc774 \ubc14\ub85c \uc5b8\uc544\uc6c3\uc774\uc5c8\ub2e4. \uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\ub294 \ud48b\uc635\uc158\uc5d0 \ub300\ud55c \ubc18\ub300\uae09\ubd80\ub85c IPO\uc5d0 \uc131\uacf5\ud560 \uacbd\uc6b0 \ubc1c\uc0dd\ud560 \uc218 \uc788\ub294 \ucc28\uc775\uc758 30%\ub97c \ubc29 \uc758\uc7a5\uc5d0\uac8c \uc81c\uacf5\ud558\ub294 \uc5b8\uc544\uc6c3 \uacc4\uc57d\uc744 \uc81c\uc548\ud588\ub2e4.<\/p>\n

\uc5c5\uacc4 \uad00\uacc4\uc790\ub294 “\uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\uac00 \ud558\uc774\ube0c\uc5d0 \ud22c\uc790\ud560 \ub2f9\uc2dc\ub9cc \ud574\ub3c4 \ubd88\ud655\uc2e4\uc131\uc774 \ucef8\ub358 \uc0c1\ud669”\uc774\ub77c\uba70 “\ub9ac\uc2a4\ud06c \ud5f7\uc9c0\ub97c \uc704\ud574 \ud48b\uc635\uc158\uc744 \uc694\uad6c\ud558\uba74\uc11c \uc5b8\uc544\uc6c3\uc774\ub098 \ucf5c\uc635\uc158 \uad8c\ub9ac\ub97c \ubd80\uc5ec\ud574\uc8fc\ub294 \uac74 PE\uc5c5\uacc4\uc758 \ubcf4\ud3b8\uc801\uc778 \uac70\ub798 \ubc29\uc2dd”\uc774\ub77c\uace0 \uc124\uba85\ud588\ub2e4.<\/p>\n

\uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\uac00 \uc81c\uc548\ud574 \ub9fa\uac8c \ub41c \uc5b8\uc544\uc6c3\uc740 \uc774\ud6c4 \uac70\ub798 \ub2f9\uc0ac\uc790\ub4e4\uc5d0\uac8c\ub3c4 \uc77c\uc885\uc758 \ubc14\ub85c\ubbf8\ud130\uac00 \ub410\ub2e4. 2019\ub144 \ub9d0 \ud558\uc774\ube0c \uc9c0\ubd84\uc744 \ub9e4\uc785\ud55c \uc774\uc2a4\ud1a4PE\uc640 \ub274\uba54\uc778\uc5d0\ucffc\ud2f0 \uc5ed\uc2dc \uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\uc640 \uac19\uc740 \uc870\uac74\uc758 \uc8fc\uc8fc \uac04 \uacc4\uc57d\uc744 \uccb4\uacb0\ud588\ub2e4. \uc0c1\uc7a5\uc774 \ubd88\ubc1c\ub410\ub2e4\uba74 \ubc29 \uc758\uc7a5\uc774 \ub5a0\uc548\uc558\uc5b4\uc57c \ud560 \uc704\ud5d8 \ubd80\ub2f4\uc740 \uadf8\ub9cc\ud07c \ucef8\ub2e4.<\/p>\n

\u25c7\uc0c1\uc7a5\uc8fc\uad00\uc0ac\u00b7\ub85c\ud38c \uac80\ud1a0 \ub05d\uc5d0 \ubbf8\uae30\uc7ac \uacb0\uc815<\/strong><\/p>\n

\uc5b4\uca0c\ub4e0 \ubb38\uc81c\uc758 \uc18c\uc9c0\uac00 \ub41c \uac74 \ud558\uc774\ube0c\uac00 \uc0c1\uc7a5 \ub2f9\uc2dc \uc81c\ucd9c\ud55c \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub294 \ubc29 \uc758\uc7a5\uc774 \uc5b8\uc544\uc6c3 \uacc4\uc57d \uad00\ub828 \ub0b4\uc6a9\uc744 \uae30\uc7ac\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc774\ub2e4. \ud558\uc774\ube0c\uc640 \uc0c1\uc7a5\uc8fc\uad00\uc0ac\ub4e4\uc774 \uc8fc\uc8fc \uac04 \uacc4\uc57d\uc744 IPO \uacfc\uc815\uc5d0\uc11c \uacf5\uac1c\ud558\uc9c0 \uc54a\uc740 \uac8c \ubb38\uc81c\ub77c\ub294 \uc9c0\uc801\uc774\ub2e4.<\/p>\n

\uc138\ubd80\uc801\uc73c\ub85c \ubcf4\uba74 \ubc29 \uc758\uc7a5\uacfc \ud558\uc774\ube0c \uce21\uc740 \uc0c1\uc7a5 \ucd94\uc9c4 \uacfc\uc815\uc5d0 \uc0c1\uc7a5\uc8fc\uad00\uc0ac\uc778 NH\ud22c\uc790\uc99d\uad8c \ub4f1\uc5d0\ub294 \uc2a4\ud2f1\uc778\ubca0\uc2a4\ud2b8\uba3c\ud2b8\uc640 \uba54\uc778\uc2a4\ud1a4\uacfc\uc758 \uc8fc\uc8fc \uac04 \uacc4\uc57d\uc744 \ub204\ub77d\uc5c6\uc774 \uc81c\ucd9c\ud55c \uac83\uc73c\ub85c \ud655\uc778\ub410\ub2e4. \ub2e4\ub9cc \uc0c1\uc7a5\uc8fc\uad00\uc0ac\uc640 \ub300\ud615 \ub85c\ud38c\ub4e4\uc740 \uad6d\ub0b4\uc678 \ubc95\ub839\uc744 \ubaa8\ub450 \uac80\ud1a0\ud55c \uacb0\uacfc \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0 \ud574\ub2f9 \uacc4\uc57d\uc744 \uae30\uc7ac\ud558\uc9c0 \uc54a\uc544\ub3c4 \ub41c\ub2e4\uace0 \ud310\ub2e8\ud55c \uac83\uc73c\ub85c \uc804\ud574\uc9c4\ub2e4.<\/p>\n

\uc774\uc640 \uad00\ub828 \uac70\ub798\uc18c\ub3c4 \ub2f9\uc2dc \ubb38\uc81c\ub97c \uc0bc\uc9c0\ub294 \uc54a\uc558\ub2e4. \uac70\ub798\uc18c\ub294 \uc0c1\uc7a5 \uc2ec\uc0ac \uacfc\uc815\uc5d0\uc11c \uc911\uc694\uc0ac\ud56d\uc5d0 \ud574\ub2f9\ud560 \uc218 \uc788\ub294 \ubaa8\ub4e0 \ub0b4\uc6a9\uc744 \uc81c\ucd9c\ud558\ub3c4\ub85d \uc694\uad6c\ud558\ub294\ub370 \ud22c\uc790\uc790 \ubcf4\ud638\uc5d0 \ubb38\uc81c \uc18c\uc9c0\uac00 \uc788\ub294 \uc870\ud56d \ub4f1\uc744 \uaf3c\uaf3c\ud788 \ud655\uc778\ud55c\ub2e4.<\/p>\n

IPO\uc5d0 \uc815\ud1b5\ud55c \uc5c5\uacc4 \uad00\uacc4\uc790\ub294 “\uc218\ucc28\ub840 \uac80\ud1a0\ub97c \ud1b5\ud574 \ud574\ub2f9 \uacc4\uc57d\uc774 \ud2b9\uc815 \uc8fc\uc8fc \uac04 \uacc4\uc57d\uc73c\ub85c\uc368 \ub2e4\ub978 \uc8fc\uc8fc\ub098 \ud22c\uc790\uc790\uc5d0\uac8c \uc7ac\uc0b0\uc0c1 \uc190\ud574\ub97c \uc785\ud788\uc9c0 \uc54a\ub294\ub2e4\ub294 \ud310\ub2e8\uc744 \ub0b4\ub9b0 \uac83\uc73c\ub85c \uc548\ub2e4”\uba70 “\ud22c\uc790\uc790 \ubcf4\ud638\ub97c \uc704\ud55c \uc870\uce58\uac00 \uac15\ud654\ub418\uae30 \uc2dc\uc791\ud55c \uac74 \ube44\uad50\uc801 \ucd5c\uadfc\uc73c\ub85c \ub2f9\uc2dc \uac70\ub798\uc18c\uc758 \uc2ec\uc0ac \ubd84\uc704\uae30\ub97c \uac10\uc548\ud558\uba74 \uc774\ud574\ub418\uc9c0 \uc54a\ub294 \ud310\ub2e8\uc740 \uc544\ub2c8\ub2e4”\uace0 \ub9d0\ud588\ub2e4.<\/p>\n

\uc774\uc640 \uad00\ub828 \uc8fc\uc8fc \uac04 \uacc4\uc57d\uc744 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0 \uae30\uc7ac\ud55c \uc0ac\ub840\uac00 \uc5c6\uc9c0\ub294 \uc54a\ub2e4. \ub2e4\uc74c \ub2ec \uc720\uac00\uc99d\uad8c\uc2dc\uc7a5 \uc0c1\uc7a5\uc744 \ubaa9\ud45c\ub85c IPO\ub97c \uc9c4\ud589 \uc911\uc778 \ub300\ud55c\uc870\uc120\uc740 \uc99d\uad8c\uc2e0\uace0\uc11c \uc0c1 \ud575\uc2ec\ud22c\uc790\uc704\ud5d8\uc73c\ub85c \uc8fc\uc8fc\uac04\uacc4\uc57d \uad00\ub828 \uc704\ud5d8\uc744 \uba85\uc2dc\ud588\ub2e4.<\/p>\n

\uc9c0\ub09c\ud574 10\uc6d4 \uc0bc\uc131\uc99d\uad8c\uc740 \ub300\ud55c\uc870\uc120\uc758 \ucd5c\ub300\uc8fc\uc8fc\uc778 KHI\ub85c\ubd80\ud130 \uad50\ud658\uc0ac\ucc44 1250\uc5b5\uc6d0\uc744 \uc778\uc218\ud588\ub294\ub370 \uc5ec\uae30\uc5d0 \ub3d9\ubc18\ub9e4\uac01\ucc38\uc5ec\uad8c\uacfc \uc5b8\uc544\uc6c3 \uc870\ud56d, \uc8fc\uc2dd\ub9e4\ub3c4\uccad\uad6c\uad8c \uc870\ud56d\uc774 \ud3ec\ud568\ub418\uc5b4 \uc788\ub2e4\ub294 \ub0b4\uc6a9\uc774 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0 \ud3ec\ud568\ub410\ub2e4.<\/p>\n

\ub300\ud55c\uc870\uc120 \uce21\uc740 “\uc778\uc218\uacc4\uc57d\uc11c \ubc0f \ud22c\uc790\ud569\uc758\uc11c\ub294 \ub2f9\uc0ac\uc758 \ucd5c\ub300\uc8fc\uc8fc\uc778\uc640 \uc778\uc218\uc778 \uac04\uc5d0 \uccb4\uacb0\ub41c \uacc4\uc57d\uc73c\ub85c \ubcf8 \uacf5\ubaa8\ub97c \ud1b5\ud574 \ub2f9\uc0ac\uc758 \uc2e0\uaddc \uc8fc\uc8fc\uac00 \ub418\ub294 \ud22c\uc790\uc790\uc5d0\uac8c \ubbf8\uce58\ub294 \uc601\ud5a5\uc740 \uc81c\ud55c\uc801\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub098 \ud22c\uba85\ud55c \uae30\uc5c5\uacf5\uc2dc \ubc0f \uacfc\uac70 \ub0b4\uc5ed\uc5d0 \ub300\ud55c \uc815\ubcf4 \uacf5\uac1c\uc758 \ucde8\uc9c0\uc5d0\uc11c \uc704\uc640 \uac19\uc740 \ub0b4\uc6a9\uc744 \uae30\uc7ac\ud588\ub2e4”\uace0 \ubc1d\ud614\ub2e4.<\/p>\n

\ub2e4\ub9cc \uc774\ub294 \ucd5c\uadfc \uae30\ub958\uc77c\ubfd0 \ud558\uc774\ube0c\uac00 \uc0c1\uc7a5\ud560 \ub2f9\uc2dc\uae4c\uc9c0\ub9cc \ud574\ub3c4 \ubcf4\ud3b8\uc801\uc778 \uad00\ud589\uc740 \uc544\ub2c8\uc5c8\ub2e4. \ud558\uc774\ube0c \uc0c1\uc7a5\uc774 \uc774\ub904\uc9c4 \uac74 5\ub144 \uc804\uc778 2020\ub144 10\uc6d4\ub85c \uc774\ud6c4 \ub300\ud55c\uc870\uc120 \uc0ac\ub840 \uc804\uae4c\uc9c0\ub294 \uc5b8\uc544\uc6c3 \uc870\ud56d\uc774 \ud3ec\ud568\ub41c \uae30\uc5c5\uc758 \uc99d\uad8c\uc2e0\uace0\uc11c\ub97c \ucc3e\uc544\ubcf4\uae30\ub294 \uc5b4\ub835\ub2e4.<\/p>\n

\u25c7\uc2e0\uace0\uc11c \uc758\ubb34\uae30\uc7ac \uc0ac\ud56d \uc544\ub2c8\uc9c0\ub9cc ‘\ud22c\uc790\uc790 \ud53c\ud574\ubd24\uc73c\uba74 \ubb38\uc81c \uc18c\uc9c0’<\/strong><\/p>\n

\uadf8\ub7fc\uc5d0\ub3c4 \ubb38\uc81c\uac00 \ub420 \uc218 \uc788\uc744\ub9cc\ud55c \ubd80\ubd84\uc740 \uc788\ub2e4. \uad00\uac74\uc740 \uc5b8\uc544\uc6c3 \uc870\ud56d\uc744 \uc228\uae34 \uac83\uc774 \ud22c\uc790\uc790\ub4e4\uc758 \ud53c\ud574\ub85c \uc774\uc5b4\uc84c\ub294\uc9c0 \uc5ec\ubd80\ub2e4.<\/p>\n

\uc790\ubcf8\uc2dc\uc7a5\ubc95 \uc81c117\uc870\uc75812\ub294 ‘\uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0 \uc911\uc694\uc0ac\ud56d\uc774 \ud45c\uc2dc\ub418\uc9c0 \uc54a\uc74c\uc73c\ub85c\uc368 \uc628\ub77c\uc778\uc18c\uc561\ud22c\uc790\uc911\uac1c\ub97c \ud1b5\ud558\uc5ec \uc99d\uad8c\uc744 \ucde8\ub4dd\ud55c \uc790\uac00 \uc190\ud574\ub97c \uc785\uc740 \uacbd\uc6b0\uc5d0\ub294 \ubc1c\ud589\uc778 \ub4f1\uc774 \uadf8 \uc190\ud574\uc5d0 \uad00\ud558\uc5ec \ubc30\uc0c1\ucc45\uc784\uc744 \uc9c4\ub2e4’\uace0 \uba85\uc2dc\ud558\uace0 \uc788\ub2e4. \ud574\ub2f9 \uacc4\uc57d\uc774 \uc911\uc694\uc0ac\ud56d\uc5d0 \ud574\ub2f9\ud55c\ub2e4\uba74 \ud558\uc774\ube0c \uce21\uc774 \uc190\ud574\ubc30\uc0c1 \ucc45\uc784\uc744 \uc9c8 \uc218\ub3c4 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4.<\/p>\n

\uc774\ub97c \ub458\ub7ec\uc2fc \ubc95\uc870\uacc4\uc758 \uc758\uacac\uc740 \ub2e4\uc18c \uc5c7\uac08\ub9b0\ub2e4. \ud55c \ubc95\uc870\uacc4 \uad00\uacc4\uc790\ub294 “\ubc29 \uc758\uc7a5\uc758 \uc8fc\uc8fc \uac04 \uacc4\uc57d\uc740 \uc784\uc6d0 \uc120\uc784, \ucf5c\uc635\uc158 \ub4f1 \uacbd\uc601\uc774\ub098 \uc9c0\ubc30\uc8fc\uc8fc\uc758 \uc8fc\uc2dd \uad6c\uc131\uc774 \ub2ec\ub77c\uc838\uc11c \ud68c\uc0ac \uc790\uccb4\uc758 \uacbd\uc601\uc5d0 \uc5c4\uccad\ub098\uac8c \uc911\uc694\ud55c \uc601\ud5a5\uc744 \ubbf8\uce58\ub294 \uacc4\uc57d\uc774 \uc544\ub2cc \ub2e8\uc21c\ud55c \uc774\uc775 \ubc30\ubd84 \uacc4\uc57d\uc73c\ub85c \ud22c\uc790\uc790\ub4e4\uacfc\ub294 \uad00\uacc4\uac00 \uc5c6\ub2e4\uace0 \ubcf4\ub294 \uac8c \ud0c0\ub2f9\ud558\ub2e4”\uace0 \ub9d0\ud588\ub2e4.<\/p>\n

\uc774\uc5b4 “\ud638\uc8fc \ub4f1 \ud574\uc678\uc5d0\uc11c\ub3c4 \uc8fc\uc2dd\uc758 \uc18c\uc720\uc790\uc758 \ub2e8\uc21c\ud55c \uc218\uc775 \ubd84\ubc30 \uacc4\uc57d\uc740 \uacf5\uc2dc \ub300\uc0c1\uc774 \uc544\ub2c8\ub77c\uace0 \ud55c \ud310\uacb0\uc774 \uc788\ub2e4”\uba70 “\uae08\uac10\uc6d0 \uc5ed\uc2dc \uc774\uac8c \ud615\uc0ac\ucc98\ubc8c \ub300\uc0c1\uc774 \ub41c\ub2e4\uace0 \ud310\ub2e8\ud588\ub2e4\uba74 \uc99d\uad8c\uc2e0\uace0\uc11c \ud5c8\uc704\uae30\uc7ac\ub97c \ub3c5\ub9bd\ub41c \ubc94\uc8c4 \uc0ac\uc2e4\ub85c \ucd94\uac00\ud588\uc744 \uac83”\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4.<\/p>\n

\ub2e4\ub978 \ubc95\uc870\uacc4 \uad00\uacc4\uc790\ub294 “\ud22c\uc790\uc790 \ubcf4\ud638\uc640 \uc2dc\uc7a5 \ud22c\uba85\uc131 \ucc28\uc6d0\uc5d0\uc11c \uc8fc\uc8fc \uac04 \uacc4\uc57d\uc744 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0 \ub123\uc5c8\uc5b4\uc57c \ud55c\ub2e4\ub294 \ub17c\ub780\uc774 \uc77c\uace0 \uc788\ub294 \uac74 \uc0ac\uc2e4”\uc774\ub77c\uba70 “\ubc95\uc6d0\uc758 \ud310\ub2e8\uc744 \uae30\ub2e4\ub824\uc57c\uaca0\uc9c0\ub9cc \uacb0\uad6d \ud574\ub2f9 \uacc4\uc57d\uc774 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc54c\ub9b4 \ub9cc\ud07c \ud22c\uc790 \ud310\ub2e8\uc5d0 \uc911\uc694\ud55c \uc694\uc18c\uc600\ub290\ub0d0 \uc544\ub2c8\ub0d0\uac00 \ud310\ub2e8\uc758 \uadfc\uac70\uac00 \ub420 \uac83”\uc774\ub77c\uace0 \ub9d0\ud588\ub2e4.<\/p>\n

\/ \uc11c\uc9c0\ubbfc \ub354\ubca8 \uae30\uc790<\/p>\n

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

| \u2461IPO \uc2dc \uc0ac\ubaa8\ud380\ub4dc \uc774\uc775\ubc30\ubd84 \ubbf8\uacf5\uac1c \uc124\uc655\uc124\ub798\u2026\ub300\ud615\ub85c\ud38c ‘\ubb38\uc81c \uc5c6\uc5b4’ \uc790\ubb38 \ub4a4 \uacb0\uc815 \ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4. \ubc29 \uc758\uc7a5\uacfc \ud558\uc774\ube0c \uce21\uc774 \ub300\ud615 \ub85c\ud38c\uc73c\ub85c\ubd80\ud130 ‘\uae30\uc7ac\ud558\uc9c0 \uc54a\uc544\ub3c4 \ub41c\ub2e4’\ub294 \uc790\ubb38\uc744 \uad6c\ud55c \ub4a4 \uc774\ub904\uc9c4 \uc77c\uc774\ub2e4. […]<\/p>\n","protected":false},"author":44,"featured_media":35303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[922,611],"tags":[2913,6467,2912],"class_list":{"0":"post-35302","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-thebell","8":"category-korea","9":"tag-2913","10":"tag-6467","11":"tag-2912"},"yoast_head":"\n\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 '\uc704\ubc18 vs \uc900\uc218' SanctionLab<\/title>\n<meta name=\"description\" content=\"\ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sanctionlab.com\/?p=35302\" \/>\n<meta property=\"og:locale\" content=\"ko_KR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 '\uc704\ubc18 vs \uc900\uc218' SanctionLab\" \/>\n<meta property=\"og:description\" content=\"\ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sanctionlab.com\/?p=35302\" \/>\n<meta property=\"og:site_name\" content=\"SanctionLab\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-24T13:29:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-25T13:38:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"214\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"the bell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\uae00\uc4f4\uc774\" \/>\n\t<meta name=\"twitter:data1\" content=\"the bell\" \/>\n\t<meta name=\"twitter:label2\" content=\"\uc608\uc0c1 \ub418\ub294 \ud310\ub3c5 \uc2dc\uac04\" \/>\n\t<meta name=\"twitter:data2\" content=\"5\ubd84\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302\"},\"author\":{\"name\":\"the bell\",\"@id\":\"https:\/\/www.sanctionlab.com\/#\/schema\/person\/17d7f03620d8d417748dab41644ff547\"},\"headline\":\"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 ‘\uc704\ubc18 vs \uc900\uc218’\",\"datePublished\":\"2025-07-24T13:29:45+00:00\",\"dateModified\":\"2025-07-25T13:38:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302\"},\"wordCount\":17,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.sanctionlab.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png\",\"keywords\":[\"\ubc29\uc2dc\ud601\",\"\ubc29\ud0c4\uc18c\ub144\ub2e8\",\"\ud558\uc774\ube0c\"],\"articleSection\":[\"\ub354\ubca8\",\"\ud55c\uad6d\"],\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.sanctionlab.com\/?p=35302#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302\",\"url\":\"https:\/\/www.sanctionlab.com\/?p=35302\",\"name\":\"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 '\uc704\ubc18 vs \uc900\uc218' SanctionLab\",\"isPartOf\":{\"@id\":\"https:\/\/www.sanctionlab.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png\",\"datePublished\":\"2025-07-24T13:29:45+00:00\",\"dateModified\":\"2025-07-25T13:38:02+00:00\",\"description\":\"\ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302#breadcrumb\"},\"inLanguage\":\"ko-KR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.sanctionlab.com\/?p=35302\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage\",\"url\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png\",\"contentUrl\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png\",\"width\":800,\"height\":214},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.sanctionlab.com\/?p=35302#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\ud648\",\"item\":\"https:\/\/www.sanctionlab.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 ‘\uc704\ubc18 vs \uc900\uc218’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.sanctionlab.com\/#website\",\"url\":\"https:\/\/www.sanctionlab.com\/\",\"name\":\"SanctionLab\",\"description\":\"\uc0dd\ud06c\uc158\ub7a9\uc740 '\uacbd\uc81c \uc548\ubcf4' \uc815\ubcf4 \uc81c\uacf5 \uc2a4\ud0c0\ud2b8\uc5c5\uc785\ub2c8\ub2e4.\",\"publisher\":{\"@id\":\"https:\/\/www.sanctionlab.com\/#organization\"},\"alternateName\":\"\uc0dd\ud06c\uc158\ub7a9, \uc0dd\uc158\ub7a9, \uc81c\uc7ac\uc5f0\uad6c\uc18c\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.sanctionlab.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ko-KR\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.sanctionlab.com\/#organization\",\"name\":\"SanctionLab\",\"alternateName\":\"\uc0dd\ud06c\uc158\ub7a9\",\"url\":\"https:\/\/www.sanctionlab.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"https:\/\/www.sanctionlab.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/05\/cropped-san-fav.png\",\"contentUrl\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/05\/cropped-san-fav.png\",\"width\":512,\"height\":512,\"caption\":\"SanctionLab\"},\"image\":{\"@id\":\"https:\/\/www.sanctionlab.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.sanctionlab.com\/#\/schema\/person\/17d7f03620d8d417748dab41644ff547\",\"name\":\"the bell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ko-KR\",\"@id\":\"https:\/\/www.sanctionlab.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/12\/675a8e6a8ed88.png\",\"contentUrl\":\"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/12\/675a8e6a8ed88.png\",\"caption\":\"the bell\"},\"url\":\"https:\/\/www.sanctionlab.com\/?author=44\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 '\uc704\ubc18 vs \uc900\uc218' SanctionLab","description":"\ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.sanctionlab.com\/?p=35302","og_locale":"ko_KR","og_type":"article","og_title":"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 '\uc704\ubc18 vs \uc900\uc218' SanctionLab","og_description":"\ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4.","og_url":"https:\/\/www.sanctionlab.com\/?p=35302","og_site_name":"SanctionLab","article_published_time":"2025-07-24T13:29:45+00:00","article_modified_time":"2025-07-25T13:38:02+00:00","og_image":[{"width":800,"height":214,"url":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png","type":"image\/png"}],"author":"the bell","twitter_card":"summary_large_image","twitter_misc":{"\uae00\uc4f4\uc774":"the bell","\uc608\uc0c1 \ub418\ub294 \ud310\ub3c5 \uc2dc\uac04":"5\ubd84"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.sanctionlab.com\/?p=35302#article","isPartOf":{"@id":"https:\/\/www.sanctionlab.com\/?p=35302"},"author":{"name":"the bell","@id":"https:\/\/www.sanctionlab.com\/#\/schema\/person\/17d7f03620d8d417748dab41644ff547"},"headline":"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 ‘\uc704\ubc18 vs \uc900\uc218’","datePublished":"2025-07-24T13:29:45+00:00","dateModified":"2025-07-25T13:38:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.sanctionlab.com\/?p=35302"},"wordCount":17,"commentCount":0,"publisher":{"@id":"https:\/\/www.sanctionlab.com\/#organization"},"image":{"@id":"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage"},"thumbnailUrl":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png","keywords":["\ubc29\uc2dc\ud601","\ubc29\ud0c4\uc18c\ub144\ub2e8","\ud558\uc774\ube0c"],"articleSection":["\ub354\ubca8","\ud55c\uad6d"],"inLanguage":"ko-KR","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.sanctionlab.com\/?p=35302#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.sanctionlab.com\/?p=35302","url":"https:\/\/www.sanctionlab.com\/?p=35302","name":"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 '\uc704\ubc18 vs \uc900\uc218' SanctionLab","isPartOf":{"@id":"https:\/\/www.sanctionlab.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage"},"image":{"@id":"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage"},"thumbnailUrl":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png","datePublished":"2025-07-24T13:29:45+00:00","dateModified":"2025-07-25T13:38:02+00:00","description":"\ubc29\uc2dc\ud601 \ud558\uc774\ube0c \uc758\uc7a5\uc744 \ub458\ub7ec\uc2fc \ubd80\uc815\uac70\ub798 \uc758\ud639\uc740 \uc0c1\uc7a5 \uc804 \uc0ac\ubaa8\ud380\ub4dc\uc640 \uccb4\uacb0\ud55c \uc5b8\uc544\uc6c3(Earn-out) \uacc4\uc57d\uc744 \uacf5\uac1c\ud558\uc9c0 \uc54a\uc558\ub2e4\ub294 \uc810\uc5d0\uc11c \ube44\ub86f\ub410\ub2e4. \ud55c\uad6d\uac70\ub798\uc18c \uc0c1\uc7a5 \uc2ec\uc0ac \ubd80\uc11c\uc5d0 \uc774\ub97c \uc54c\ub9ac\uc9c0 \uc54a\uc558\uace0 \uae08\uc735\uac10\ub3c5\uc6d0 \uc99d\uad8c\uc2e0\uace0\uc11c\uc5d0\ub3c4 \uad00\ub828 \ub0b4\uc6a9\uc744 \ub2f4\uc9c0 \uc54a\uc558\ub2e4.","breadcrumb":{"@id":"https:\/\/www.sanctionlab.com\/?p=35302#breadcrumb"},"inLanguage":"ko-KR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.sanctionlab.com\/?p=35302"]}]},{"@type":"ImageObject","inLanguage":"ko-KR","@id":"https:\/\/www.sanctionlab.com\/?p=35302#primaryimage","url":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png","contentUrl":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2025\/07\/Hybe_Corporation_logo.svg_.png","width":800,"height":214},{"@type":"BreadcrumbList","@id":"https:\/\/www.sanctionlab.com\/?p=35302#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\ud648","item":"https:\/\/www.sanctionlab.com\/"},{"@type":"ListItem","position":2,"name":"\uc5b8\uc544\uc6c3 \uacc4\uc57d \ubbf8\uacf5\uac1c, \uc790\ubcf8\uc2dc\uc7a5\ubc95 ‘\uc704\ubc18 vs \uc900\uc218’"}]},{"@type":"WebSite","@id":"https:\/\/www.sanctionlab.com\/#website","url":"https:\/\/www.sanctionlab.com\/","name":"SanctionLab","description":"\uc0dd\ud06c\uc158\ub7a9\uc740 '\uacbd\uc81c \uc548\ubcf4' \uc815\ubcf4 \uc81c\uacf5 \uc2a4\ud0c0\ud2b8\uc5c5\uc785\ub2c8\ub2e4.","publisher":{"@id":"https:\/\/www.sanctionlab.com\/#organization"},"alternateName":"\uc0dd\ud06c\uc158\ub7a9, \uc0dd\uc158\ub7a9, \uc81c\uc7ac\uc5f0\uad6c\uc18c","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.sanctionlab.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ko-KR"},{"@type":"Organization","@id":"https:\/\/www.sanctionlab.com\/#organization","name":"SanctionLab","alternateName":"\uc0dd\ud06c\uc158\ub7a9","url":"https:\/\/www.sanctionlab.com\/","logo":{"@type":"ImageObject","inLanguage":"ko-KR","@id":"https:\/\/www.sanctionlab.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/05\/cropped-san-fav.png","contentUrl":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/05\/cropped-san-fav.png","width":512,"height":512,"caption":"SanctionLab"},"image":{"@id":"https:\/\/www.sanctionlab.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.sanctionlab.com\/#\/schema\/person\/17d7f03620d8d417748dab41644ff547","name":"the bell","image":{"@type":"ImageObject","inLanguage":"ko-KR","@id":"https:\/\/www.sanctionlab.com\/#\/schema\/person\/image\/","url":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/12\/675a8e6a8ed88.png","contentUrl":"https:\/\/www.sanctionlab.com\/wp-content\/uploads\/2024\/12\/675a8e6a8ed88.png","caption":"the bell"},"url":"https:\/\/www.sanctionlab.com\/?author=44"}]}},"_links":{"self":[{"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=\/wp\/v2\/posts\/35302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35302"}],"version-history":[{"count":1,"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=\/wp\/v2\/posts\/35302\/revisions"}],"predecessor-version":[{"id":35304,"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=\/wp\/v2\/posts\/35302\/revisions\/35304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=\/wp\/v2\/media\/35303"}],"wp:attachment":[{"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sanctionlab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}