{"id":54083,"date":"2026-02-27T09:59:51","date_gmt":"2026-02-27T00:59:51","guid":{"rendered":"https:\/\/www.sanctionlab.com\/?p=54083"},"modified":"2026-03-03T09:58:15","modified_gmt":"2026-03-03T00:58:15","slug":"%ec%9e%90%ec%82%ac%ec%a3%bc-%ec%86%8c%ea%b0%81-3%ec%b0%a8-%ec%83%81%eb%b2%95-%ea%b0%9c%ec%a0%95%ec%95%88-%ed%86%b5%ea%b3%bc%eb%b3%b5%ec%9e%a1%ed%95%b4%ec%a7%84-%ea%b8%b0%ec%97%85","status":"publish","type":"post","link":"https:\/\/www.sanctionlab.com\/?p=54083","title":{"rendered":"‘\uc790\uc0ac\uc8fc \uc18c\uac01’ 3\ucc28 \uc0c1\ubc95 \uac1c\uc815\uc548 \ud1b5\uacfc\u2026\ubcf5\uc7a1\ud574\uc9c4 \uae30\uc5c5 \uc148\ubc95"},"content":{"rendered":"

|\uc774\ub974\uba74 3\uc6d4 \uc911 \ubc95 \uc2dc\ud589\u2026\uc815\ucc45 \ub4dc\ub77c\uc774\ube0c \uc774\uc5b4\uc9c8 \ub4ef<\/h3>\n

\uc790\uae30\uc8fc\uc2dd\uc744 \uc0ac\ub4e4\uc778 \ub4a4 \uc18c\uac01 \ub300\uc2e0 \ubcf4\uc720\ub098 \uc804\ud658\uc744 \ud0dd\ud574 \uc628 \uad6d\ub0b4 \uae30\uc5c5\ub4e4\uc758 \uc790\uae30\uc790\ubcf8 \uc815\ucc45\uc774 \ud070 \uc804\ud658\uc810\uc744 \ub9de\uac8c \ub410\ub2e4. \uc790\uc0ac\uc8fc\ub97c \uc6d0\uce59\uc801\uc73c\ub85c \uc18c\uac01\ud558\ub3c4\ub85d \ud55c 3\ucc28 \uc0c1\ubc95 \uac1c\uc815\uc548\uc774 25\uc77c \uad6d\ud68c \ubcf8\ud68c\uc758\ub97c \ud1b5\uacfc\ud558\uba74\uc11c\ub2e4. \ub2e8\uc21c\ud788 \uc2e0\uaddc \ucde8\ub4dd\ubd84\uc758 \uc18c\uac01 \uc758\ubb34\uac00 \uc0dd\uae34 \ub370 \uadf8\uce58\uc9c0 \uc54a\uace0, \uc774\ubbf8 \uc313\uc544\ub454 \uae30\uc874 \uc790\uc0ac\uc8fc\uc5d0\ub3c4 \ub3d9\uc77c \uc6d0\uce59\uc774 \uc801\uc6a9\ub418\uba74\uc11c \uc0c1\uc7a5\uc0ac \uc785\uc7a5\uc5d0\uc120 \uc6b0\ud638\uc9c0\ubd84 \uad00\ub9ac \uc804\ub7b5 \uc804\ubc18\uc744 \uc190\ubd10\uc57c \ud558\ub294 \uad6d\uba74\uc774 \uc5f4\ub838\ub2e4\ub294 \ud3c9\uac00\uac00 \ub098\uc628\ub2e4.<\/p>\n

\uc9c0\ub09c\ud574\ubd80\ud130 \uc138 \ubc88\uc758 \uc0c1\ubc95 \uac1c\uc815\uc744 \ub9e4\ub4ed\uc9c0\uc740 \ub354\ubd88\uc5b4\ubbfc\uc8fc\ub2f9 \ub0b4\ubd80\uc5d0\uc120 “\uc804\ub840 \uc5c6\ub294 \uc8fc\uc8fc \ud658\uc6d0\uc758 \uc0c8 \uae38\uc774 \uc5f4\ub838\ub2e4”\ub294 \ubc18\uc751\uc774 \ub098\uc654\ub2e4. \uc774\uc5d0 \uadf8\uce58\uc9c0 \uc54a\uace0 \uc800PBR(\uc8fc\uac00\uc21c\uc790\uc0b0\ube44\uc728) \uac1c\uc120\uc744 \uc704\ud55c \uc0c1\uc18d\uc138\ubc95 \uac1c\uc815\uc548 \ub4f1 \uacc4\ub958 \uc758\uc548\uc744 \uc787\ub2ec\uc544 \ucd94\uc9c4\ud560 \ubc29\uce68\uc778 \ud130\ub77c \uc7ac\uacc4\uac00 \uccb4\uac10\ud558\ub294 \uc555\ubc15\uac10\uc740 \ud55c\uce35 \uac70\uc138\uc9c8 \uc804\ub9dd\uc774\ub2e4.<\/p>\n

27\uc77c \uc815\uce58\uad8c\uacfc \uae08\uc735\ud22c\uc790\uc5c5\uacc4\uc5d0 \ub530\ub974\uba74 \uad6d\ud68c\ub294 25\uc77c \uc624\ud6c4 \ubcf8\ud68c\uc758\uc5d0\uc11c \uc0c1\ubc95 \uc77c\ubd80\uac1c\uc815\ubc95\ub960\uc548 \ub300\uc548\uc744 \uc7ac\uc11d 176\uba85 \uc911 \ucc2c\uc131 175\uba85, \uae30\uad8c 1\uba85\uc73c\ub85c \uac00\uacb0\ud588\ub2e4. \ubc95\uc548 \uc0c1\uc815 \uc9c1\ud6c4 \uad6d\ubbfc\uc758\ud798\uc774 \ud544\ub9ac\ubc84\uc2a4\ud130(\ubb34\uc81c\ud55c \uc758\uc0ac\uc9c4\ud589)\uc5d0 \ub098\uc11c\uba70 \uc9c4\ud1b5\uc744 \uacaa\uc5c8\uc9c0\ub9cc, 24\uc2dc\uac04\uc774 \uacbd\uacfc\ud55c \ub4a4 \ud45c\uacb0\uc774 \uc774\ub904\uc9c0\uba70 \ubcf8\ud68c\uc758 \ubb38\ud131\uc744 \ub118\uc5c8\ub2e4.<\/p>\n

\ub300\uc8fc\uc8fc \uc9c0\ubc30\ub825 \uc57d\ud654\ub77c\ub294 \uc7ac\uacc4 \uc6b0\ub824\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \ubbfc\uc8fc\ub2f9\uc740 \uc62c\ud574 \uc815\ucc45\uc704\uc6d0\ud68c \ub4f1 \uc2e4\ubb34 \ub77c\uc778\uc744 \uc911\uc2ec\uc73c\ub85c \ud6c4\uc18d \uc815\ucc45\uc744 \ucd94\uc9c4\ud560 \ubc29\uce68\uc774\ub2e4. \ud55c \uc790\ubcf8\uc2dc\uc7a5\ud2b9\uc704 \uc18c\uc18d \uc758\uc6d0\uc740 \uc774\ub0a0 \ub354\ubca8\uacfc\uc758 \ud1b5\ud654\uc5d0\uc11c “3\ucc28 \uc0c1\ubc95\uc740 EPS(\uc8fc\ub2f9\uc21c\uc774\uc775)\uc5d0 \ucd08\uc810\uc744 \ub9de\ucdc4\ub2e4\uba74 \ub2e4\uc74c \ud0c0\uae43\uc740 PBR\ub85c \uac00\uc57c \ud558\uc9c0 \uc54a\uaca0\ub290\ub0d0”\uba70 “\uc9c0\ub09c\ud574 \uc774\uc18c\uc601 \uc758\uc6d0\uc774 \ubc1c\uc758\ud55c \uac1c\uc815\uc548\uc774 \uc9c1\ud6c4 \ud604\uc548\uc73c\ub85c \ubd80\uc0c1\ud560 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4”\uace0 \uadc0\ub738\ud588\ub2e4. \ub2e4\uc218 \uc758\uc11d\uc744 \ubcf4\uc720\ud55c \ubbfc\uc8fc\ub2f9\uc740 \uad6d\ub0b4 \uc99d\uc2dc \uad00\ub828 \uc815\ucc45\uc744 \ud3ec\ud568\ud574 \uac00\uc0c1\uc790\uc0b0, \uad6d\ubbfc\uc5f0\uae08 \ub4f1 \uae08\uc735\uc5c5 \uc804\ubc18\uc5d0 \ub300\ud55c \uc601\ud5a5\ub825 \ud589\uc0ac\ub97c \uc608\uace0\ud558\uace0 \uc788\ub2e4.<\/p>\n

3\ucc28 \uc0c1\ubc95 \uac1c\uc815\uc548\uc758 \ud575\uc2ec\uc740 \ud68c\uc0ac\uac00 \uc790\uae30\uc8fc\uc2dd\uc744 \ucde8\ub4dd\ud55c \uacbd\uc6b0 \ucde8\ub4dd\uc77c\ub85c\ubd80\ud130 1\ub144 \uc774\ub0b4 \uc18c\uac01\ud558\ub3c4\ub85d \uc758\ubb34\ub97c \ubd80\uacfc\ud55c \ub370 \uc788\ub2e4. \uc790\uc0ac\uc8fc\ub97c \ub354\uc774\uc0c1 \uc7ac\ub7c9\uaecf \ud65c\uc6a9\ud560 \uc218 \uc788\uac8c \ub450\uc9c0 \uc54a\uaca0\ub2e4\ub294 \uac8c \ubcf8\ub798 \ucde8\uc9c0\ub2e4. \ubcf8\ud68c\uc758 \uc9c1\uc804 \uad6d\ud68c \ubc95\uc81c\uc0ac\ubc95\uc704\uc6d0\ud68c\uc5d0 \uc0c1\uc815\ub41c \uc548\uc740 \uae30\uc874 \ubc1c\uc758\uc548 14\uac74\uc744 \ud1b5\ud569\ud55c \ub300\uc548\uc774\uc5c8\uc9c0\ub9cc, \uc9c0\ub09c\ud574 \ub9d0 K-\uc790\ubcf8\uc2dc\uc7a5\ud2b9\ubcc4\uc704\uc6d0\ud68c\uac00 \ub0b4\ub193\uc740 \ub2e8\uc77c\uc548\uacfc \ubcc4\ub2e4\ub978 \ucc28\uc774\ub294 \uc5c6\uc5c8\ub2e4.<\/p>\n

\uc6b0\uc120 \uc790\uae30\uc8fc\uc2dd\uc5d0\ub294 \uc758\uacb0\uad8c, \uc2e0\uc8fc\uc778\uc218\uad8c, \ubc30\ub2f9\uc744 \ubc1b\uc744 \uad8c\ub9ac \ub4f1 \uc8fc\uc8fc\ub85c\uc11c\uc758 \uad8c\ub9ac\uac00 \uc5c6\ub2e4\ub294 \uc810\uc744 \uba85\uc2dc\ud588\ub2e4. \uc790\uae30\uc8fc\uc2dd\uc744 \uad50\ud658(EB) \ub610\ub294 \uc0c1\ud658(CB) \ub300\uc0c1\uc73c\ub85c \ud55c \uc0ac\ucc44 \ubc1c\ud589\ub3c4 \uae08\uc9c0\ud588\ub2e4. \uc9c8\uad8c \uc124\uc815\ub3c4 \ub9c9\uc558\ub2e4. \uadf8\uac04 \uc2dc\uc7a5\uc5d0\uc11c \ubb38\uc81c\ub85c \uc9c0\uc801\ub3fc\uc628 \uc790\uc0ac\uc8fc\uc758 \uc6b0\ud68c\uc801 \ud65c\uc6a9 \uac00\ub2a5\uc131\uc744 \uc6d0\ucc9c \ucc28\ub2e8\ud55c \uac83\uc774\ub2e4. 3\ucc28 \uc0c1\ubc95\uc774 \uac00\uc2dc\ud654\ub41c \uc9c0\ub09c\ud574 \ud558\ubc18\uae30 \uc774\ud6c4 \uc774\ub97c \uc6b0\ub824\ud55c \ucf54\uc2a4\ub2e5 \uc0c1\uc7a5\uc0ac\ub97c \uc911\uc2ec\uc73c\ub85c EB \ubc0f CB \ubc1c\ud589\uc774 \uae09\uc99d\ud558\uae30\ub3c4 \ud588\ub2e4.<\/p>\n

\uc790\uc0ac\uc8fc \ubcf4\uc720\ub97c \uac00\ub2a5\ucf00 \ud558\ub294 \uc608\uc678\ub294 \uc77c\ubd80 \ub480\uc9c0\ub9cc \uc2e4\ud604 \uac00\ub2a5\uc131\uc740 \uc0c1\ub2f9\ud788 \ub0ae\ub2e4\ub294 \ubd84\uc11d\uc774\ub2e4. \uc784\uc9c1\uc6d0 \ubcf4\uc0c1, \uc6b0\ub9ac\uc0ac\uc8fc\uc81c\ub3c4 \uc2e4\uc2dc, \uc8fc\uc8fc \ube44\ub840 \ucc98\ubd84, \ubc95\ub839\uc0c1 \ud65c\uc6a9, \uacbd\uc601\uc0c1 \ud544\uc694\uc5d0 \ub530\ub978 \uc815\uad00 \uaddc\uc815 \ub4f1\uc758 \uacbd\uc6b0\uc5d0\ub294 \uc790\uae30\uc8fc\uc2dd \ubcf4\uc720\u00b7\ucc98\ubd84\uc774 \uac00\ub2a5\ud558\ub2e4\ub294 \uc870\ud56d\uc744 \uc0bd\uc785\ud588\ub2e4. \ub2e4\ub9cc \uc774\ub54c\ub3c4 \ud68c\uc0ac\uac00 \uc790\uc0ac\uc8fc \ubcf4\uc720\u00b7\ucc98\ubd84 \uacc4\ud68d\uc744 \uc791\uc131\ud558\uace0 \uc774\ub97c \ub9e4\ub144 \uc8fc\uc8fc\ucd1d\ud68c\uc5d0\uc11c \uc2b9\uc778\ubc1b\uc544\uc57c \ud55c\ub2e4\ub294 \uc81c\uc57d\uc774 \uc788\ub2e4.<\/p>\n

\uc544\uc6b8\ub7ec \uacc4\ud68d\uc11c\uc5d0\ub294 \ubcf4\uc720\u00b7\ucc98\ubd84 \ubaa9\uc801, \ub300\uc0c1 \uc8fc\uc2dd\uc758 \uc885\ub958\uc640 \uc218, \ucde8\ub4dd \ubc29\ubc95, \ubc1c\ud589\uc8fc\uc2dd \ucd1d\uc218 \ub300\ube44 \uc790\uae30\uc8fc\uc2dd \ube44\uc728 \ubcc0\ud654, \ubcf4\uc720 \uae30\uac04\uacfc \ucc98\ubd84 \uc2dc\uae30\uae4c\uc9c0 \ub2f4\uc544\uc57c \ud558\uba70 \uc774\uc0ac \uc804\uc6d0\uc758 \uc11c\uba85\uc744 \ubc1b\uc544\uc57c \ud55c\ub2e4. \uc790\uc0ac\uc8fc\ub97c \ubcf4\uc720\ud558\ub824\uba74 \uc0ac\uc2e4\uc0c1 \ub9e4\ub144 \uc8fc\uc8fc \uc124\ub4dd \uc808\ucc28\ub97c \uac70\uccd0\uc57c \ud558\ub294 \uc148\uc774\ub2e4. \uc9c0\ubd84 \uad6c\uc870\uac00 \ubcf5\uc7a1\ud55c \uae30\uc5c5\uc77c \uacbd\uc6b0 \uc0c1\ub2f9\ud788 \uc9c0\ub09c\ud55c \uacfc\uc815\uc744 \uac70\uccd0\uc57c \ud55c\ub2e4\ub294 \ud3c9\uac00\ub2e4.<\/p>\n

\ub0a8\uc740 \ud5cc\ubc95 \uc808\ucc28\uc0c1 \uad6d\ud68c\uc5d0\uc11c \uc758\uacb0\ub41c \ubc95\ub960\uc548\uc740 \uc815\ubd80\ub85c \uc774\uc1a1\ub41c \ub4a4 15\uc77c \uc774\ub0b4 \uacf5\ud3ec\ub418\uac70\ub098, \uc774\uc758\uac00 \uc788\uc744 \uacbd\uc6b0 \uc7ac\uc758\uc694\uad6c(\uac70\ubd80\uad8c) \uc808\ucc28\ub97c \ubc1f\uac8c \ub41c\ub2e4. \ubc95\uc548 \uc2dc\ud589\uc740 \uc815\ubd80 \uacf5\ud3ec\uc640 \ub3d9\uc2dc\uc5d0 \uc2dc\uc791\ub418\ub294 \ub9cc\ud07c, \uc774\ub974\uba74 3\uc6d4 \uc911 \uc2dc\ud589\ub420 \uc608\uc815\uc774\ub2e4.<\/p>\n

\uae30\uc5c5 \uc785\uc7a5\uc5d0\uc11c \uac00\uc7a5 \ubd80\ub2f4\uac10\uc744 \ub290\ub07c\ub294 \uac83\uc740 ‘\uacbd\uacfc \uc870\uce58’ \uaddc\uc815\uc774\ub2e4. \ubc95\uc2dc\ud589 \uc804\uc5d0 \uc774\ubbf8 \ucde8\ub4dd\ud55c \uc790\uc0ac\uc8fc\uc5d0\ub3c4 \ub3d9\uc77c\ud55c \uc18c\uac01 \uc6d0\uce59\uc774 \uc801\uc6a9\ub418\uae30 \ub54c\ubb38\uc774\ub2e4. \ud2b9\ud788 \uae30\uc5c5\uc774 \uc9c1\uc811 \ucde8\ub4dd\ud574 \ub4e4\uace0 \uc788\ub358 \uae30\uc874 \uc790\uc0ac\uc8fc\ub294 \ubc95 \uc2dc\ud589\uc77c\ub85c\ubd80\ud130 6\uac1c\uc6d4\uc774 \uc9c0\ub09c \ub0a0\uc744 \uae30\uc900\uc73c\ub85c \ub2e4\uc2dc 1\ub144 \uc548\uc5d0 \uc18c\uac01\ud574\uc57c \ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \uae30\uc874 \uc9c1\uc811\ucde8\ub4dd \uc790\uc0ac\uc8fc\ub294 \uacf5\ud3ec \uc2dc\uc810\ubd80\ud130 1\ub144 6\uac1c\uc6d4 \uc548\uc5d0 \uc815\ub9ac\ud574\uc57c \ud55c\ub2e4.<\/p>\n

\uc608\ucee8\ub300 \ub0b4\ub2ec \ub9d0 \ubc95\uc548\uc774 \ucd5c\uc885 \uc2dc\ud589\ub41c\ub2e4\uba74 \uc624\ub294 2027\ub144 10\uc6d4\ubd80\ud130 \uae30\uc5c5\uc740 \uae30\uc874 \uc790\uc0ac\uc8fc\ub97c \uc5c6\uc560\uc57c \ud558\ub294 \uac83\uc774\ub2e4. \uc0c1\uc7a5\uc0ac\ub4e4\uc774 \ub2f9\uc7a5 \uc62c\ud574 \uc8fc\ucd1d \uc2dc\uc98c\ubd80\ud130 \uc790\uc0ac\uc8fc \ud65c\uc6a9 \uacc4\ud68d\uc744 \uc190\uc9c8\ud560 \uac83\uc774\ub77c\ub294 \uc758\uacac\uc774 \ub098\uc624\ub294 \ubc30\uacbd\uc774\ub2e4. \ucf54\uc2a4\ub2e5 \uc0c1\uc7a5\uc0ac\uc640\ub294 \ub2ec\ub9ac \uc77c\ubd80 \ub300\uae30\uc5c5 \uc0ac\uc774\uc5d0\uc120 \uc815\ubd80 \uc785\uae40\uc744 \uc758\uc2dd\ud55c \ub4ef \uc9c0\ub09c\ud574 \ud558\ubc18\uae30 \ub4e4\uc5b4 \uae30\uc874 \uc790\uc0ac\uc8fc \uc18c\uac01 \ud589\ub82c\uc774 \uc774\uc5b4\uc9c0\uae30\ub3c4 \ud588\ub2e4.<\/p>\n

\uc2e0\ud0c1\uc744 \ud1b5\ud55c \uac04\uc811 \ucde8\ub4dd \uc790\uc0ac\uc8fc\ub3c4 \uc608\uc678\ub294 \uc544\ub2c8\ub2e4. \uac1c\uc815\uc548\uc740 \uc0c1\uc7a5\ud68c\uc0ac\uac00 \uc2e0\ud0c1\uacc4\uc57d \ubc29\uc2dd\uc73c\ub85c \uc790\uc0ac\uc8fc\ub97c \ucde8\ub4dd\ud558\uac8c \ud55c \uacbd\uc6b0, \uc2e0\ud0c1\uc5c5\uc790\uac00 \uacc4\uc57d \uc874\uc18d \uae30\uac04 \uc911 \uc774\ub97c \ucc98\ubd84\ud560 \uc218 \uc5c6\ub3c4\ub85d \ud588\uace0 \uc885\ub8cc \ub610\ub294 \ud574\uc9c0 \ub4a4\uc5d0\ub294 \uc9c0\uccb4 \uc5c6\uc774 \ud68c\uc0ac\uc5d0 \ubc18\ud658\ud558\ub3c4\ub85d \ud588\ub2e4. \ub610 1\ub144 \ub0b4 \uc18c\uac01 \uaddc\uc815\uc744 \uc801\uc6a9\ud560 \ub54c\ub294 \uc2e0\ud0c1\uc5c5\uc790\uac00 \uc790\uae30\uc8fc\uc2dd\uc744 \ucde8\ub4dd\ud55c \ub0a0\uc744 \uc0c1\uc7a5\ud68c\uc0ac\uac00 \ucde8\ub4dd\ud55c \ub0a0\ub85c \ubcf8\ub2e4\uace0 \uaddc\uc815\ud588\ub2e4. \uadf8\ub3d9\uc548 \uc790\uc0ac\uc8fc \uc2e0\ud0c1\uacc4\uc57d\uc774 \uc18c\uac01 \uc720\uc608 \uc218\ub2e8\ucc98\ub7fc \ud65c\uc6a9\ub410\ub2e4\ub294 \ube44\ud310\uc5d0 \uc81c\ub3d9\uc744 \uac74 \uac83\uc73c\ub85c\ub3c4 \ud480\uc774\ub41c\ub2e4.<\/p>\n

\"\"<\/p>\n

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|\uc774\ub974\uba74 3\uc6d4 \uc911 \ubc95 \uc2dc\ud589\u2026\uc815\ucc45 \ub4dc\ub77c\uc774\ube0c \uc774\uc5b4\uc9c8 \ub4ef \uc790\uae30\uc8fc\uc2dd\uc744 \uc0ac\ub4e4\uc778 \ub4a4 \uc18c\uac01 \ub300\uc2e0 \ubcf4\uc720\ub098 \uc804\ud658\uc744 \ud0dd\ud574 \uc628 \uad6d\ub0b4 \uae30\uc5c5\ub4e4\uc758 \uc790\uae30\uc790\ubcf8 \uc815\ucc45\uc774 \ud070 \uc804\ud658\uc810\uc744 \ub9de\uac8c \ub410\ub2e4. \uc790\uc0ac\uc8fc\ub97c \uc6d0\uce59\uc801\uc73c\ub85c \uc18c\uac01\ud558\ub3c4\ub85d \ud55c 3\ucc28 \uc0c1\ubc95 \uac1c\uc815\uc548\uc774 25\uc77c \uad6d\ud68c \ubcf8\ud68c\uc758\ub97c \ud1b5\uacfc\ud558\uba74\uc11c\ub2e4. \ub2e8\uc21c\ud788 \uc2e0\uaddc \ucde8\ub4dd\ubd84\uc758 \uc18c\uac01 \uc758\ubb34\uac00 \uc0dd\uae34 \ub370 \uadf8\uce58\uc9c0 \uc54a\uace0, \uc774\ubbf8 \uc313\uc544\ub454 \uae30\uc874 \uc790\uc0ac\uc8fc\uc5d0\ub3c4 \ub3d9\uc77c \uc6d0\uce59\uc774 \uc801\uc6a9\ub418\uba74\uc11c \uc0c1\uc7a5\uc0ac \uc785\uc7a5\uc5d0\uc120 \uc6b0\ud638\uc9c0\ubd84 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