1. ڸ ְ
ֱ ü ڸ ְ 3700~3800 ؿ ŷǰ ִ.
2002 ְ 4500~5000̾. ú ְ 40% Ѵٸ, · 60% ְ ̴. ڸ ߿ , Ҿֿ å ϴ ȸ ˷ ִ. ұμ ڱ 귣带 忡 ɽġ ʰ ǰ Ѵ. , ڸ ְ ڽ ġ ٹ濡 ɵ ִ. ü ̷ Ȳ ?
1) 2 ȭ
ڸ ְ϶ ū ȭ̴. ڸ 2003 53.4£ 17.4% 44.1̰, 48.7£ 15.8% 41.0̴. 6.4% , ȯ ä꼺 ȭǸ鼭 ͷ ̴. ڸ ȭ Ǵ ̱ ߵǾ ֱ ȭ ġ϶ ū ̴. ȯ öٴ ó ϱ ʱ , ȭ ġ ϶ ä꼺 ȭ .
2) ŷ - 2003 Ǽ Ȥ
2003 ڸп ־ ´ ̱ , å 鿡 Ǽ ط Ƶ ̴. ƴ ̾ ǰ, ȭ ξ ū 谨 ڻ 峻 Ű ʹ ݴǴ 濵 Ǵ 鼭 ֵ ڸ ġ ҳ ƴ ǽϰ ƴ.
ϳ, μ
ڸ 2003 7 ı⸦ ü μ Ѵٴ ִ. Ȩ Ͽ μϰ, оߴ ڸ ϰ μѴٴ ̾. μ ǻ μ ٰ Ǵܵ ߴ 5% ຸ ϸ鼭 ᱹ ĵǾ. ڸ 忡 ν ְ, μ ġ ʾҴ ־ 翬 䱸 ߴ ̾. ι μ ڸ ȹ ̷ﳾ ߴ ڵ鿡 μд ſ Ǹ .
,
2003 9 3 忡 ڸ ڼ Ҵ. ڸ ڸ ϰ ִٴ Ȯش ȸø 䱸 Ȯ . 亯 ߴ.
Ѵ 10 1 ڸ ʱ ߴٰ . ڸ 2002 927% ϰ 빰 ŷȰȭ ڸ ߴٰ . ڸ ֽļ þ ŷ ټ Ȱ (02 227) , ں(29) Ը ϴٰ Ǵߴٸ ߰ ⸻ ָ ϰ ִ ŭ ڸ ǽ ٰ ߴ. ̾ 簡ġ ̴µ ȸ ϰڴٴ Ͱ ڸ ִٴ ǻ縦 .
̶ ְ ߴ. ȸð Դ 5300̾ Ͱ ְ 4170 21% . ֱ ְ 3785 ȸ 29% ְ ̴. ڿ 밡 Ǵ ŭ Ǹ Ǵ ̴. ȸÿ䱸 ް ڸ ǽ ʴ´ٰ ٷ ø ʰ Ѵ ̴ ǥ ڸ ϰ ֽ ڵ Ӹ ƴ϶ ֵ鿡Ե Ǹ Ȱ.
, ڻ ó
ڸ 2003 8 19~20 Ʋ 峻 ڻ 40ָ ſ ܱ óߴٰ . ڸ ְ ڻ 42 鿴. ڸ ڻָ ó ݾ 18 Աݾ(26) ϸ 8 ս . ڸ ֽ ø ս ϰ ڻָ óߴٰ . ȸ ְ ڻ ŷ ް ҽŰ ֽ ȭ ְ ؿԴٰ ó .
ȭǰ ִ Ȳ ڻ ŵ ڵ鿡 ȣ ɸ . ȸ簡 ֽ δٰ ǴܵǸ ڻָ ؼ ڵ ȣϴ ٶԿ ұϰ ڸ ս 鼭 ڱ ֽ ŵ ϱ ̾. ȸ簡 ظ 鼭 ڱ ֽ 忡 ĴĴ ظ ߴ.
, ް Ҿ
2003 꿡 Ҿֵ ߰ 105 200 Ҵ. ִ 2002 350 42%(150) ̴. 15% Ϳ ϸ 谨̾. 150 130 13.3% Ϳ ϸ ̻ Ǵ ̴.
ڸ ߰ Ҿ ߽ å ģٴ ̹ ߴ. Ҿֵ ټ ϴ ϴ 밡 ߴ. ڸ 200 ½ Ѵ ڻ ϰ ־, ݼ ڻ길 ص 130 Ѿ 븦 Ҹ ߴ.
谨ǰ, 缺 2001 26.4%, 2002 24.8%, 2003 21.5% . ȸ翡 þ, 缺 پ ̴. ڻ Ű ݼ ڻ þ Ȳ̾ 谨 ڸ ϰ ߴ ֵ鿡 Ȥ Ȱ־.
2. ֽμ ڸи 귣带 .
ڸ 귣 ƴ ȸ̴. 귣 Ѱ ̹ ְ, Һڷ Ͽ 귣尡 ǰ ŷϰ . Һڵ 귣 ǰ ȿ ִٴ ˱ ൿ Ѵ. 귣 Һ ϰ ν ش. 귣 Һڿ , Ϸ ħ ʴ Ư¡ ִ. 忡 귣 漺 Ȯϰ ־ ڻ 귣尡 ǰ̳ ݿ ִٴ ִ. , ϴ 귣 ŷڿ ȸϱⰡ ſ Ư¡ ִ.
ڸ ݱ ֽĽ忡 ִ 귣 ӿ ұ, , ߰, ȸ簡 ֵ鿡 ܳ ̴.
2003 ڸ å ֿ ϳ ϰ ϴٴ ۿ . ڽ ġ ְ ڸп ν ش. ȭ ظ 鼭 ڱֽ 忡 Ȱ, ֺ ū Ҿ پ, 缺 ذ , μ ͼ 븦 ߴ ̾ װ͵ Ǿٴ ð ̴. ٸ ڸ ŷڸ ȹ ִ ϱ?
ϳ, ġ Ȯ ƴϴ.
ֽĽ忡 ϴ ߿ 빰 ؼ ְ ö ʴ´ٴ ̾߱Ⱑ ִ. ǵ 빰 ߴ ñ ְ ϰ 찡 . Ư 췮 ְ Ͻ ȭ ҿܷ ٴ ظ 鼭 ȷ ŷ ʴ δ.
ŷ ֽ ʴ´ٰ ϴ ȥϱⰡ ȥ ϱⰡ ٰ ̾߱ϴ Ͱ Ȱ. ̰, Ҹ ġ ְ, δٰ ǴܵǸ ֽ Ѵ. ڵ ޱ ŷ ֽ ϴ 찡 . ڵ ְ ŷ þ Ŀ ڴʰ ֽ .
ڸ ڱ ֽ 峻 Ű ڸ ֽļ 424,517(ֽ 7.32%) þ. ڸ ֱ 4 ŷ 13,000 ؿ Ұϰ ְ 3785̴. ڸ ǵߴ ֽ빰 Ȯ븦 ְ ֽĸŰ 8 ְ ŷ ߴٰ ִ.
ڸ 빰 ؼ Ѱ ߾ ִ. 2002 3 ְ ֽ 29 1600ָ ִ 17500 óߴ. 鰡 1000̾ 鰡 500 ȯѴٸ 58 3200ָ ִ 8750 ̴. ְ ȸ Ǹ , ŷ þ ʴ ǵߴ . ķε ְ , 뷮 ֽ ŵ ΰΰ ȸ ũ ִ.
빰 Ȯ븦 ְ κ ؿ Ե ̴. ְ ö ִ ñ ִ ġ ½Ű ̴. ڸ ֽ Ȱ, ݿ ڻָ 忡 ݿ Ⱦƹν ִ ġ ״.
߿ Ǵ ִ , з þ ̴. ڸа ϴ 鿡 ־ Ҿַ 빰 ٷ з ū ȴ. Ѿ Ȱٰ ־ ϴ ֽ þ ִ 翬 ġ̴.
, ڻָ ԼҰϰ ÷.
Z, KT&G 췮 ڻ Ұ ִ Ͱ ROE ø, з ٿ Դ. Zڴ ֱ 2 ϴ Ը ڻ ԼҰ ȹ ǥ߰, KT&G 2008 25% ֽ Ұϰڴٴ ǥ ǥ ִ. ڻָ 20% ̻ Ұϸ鼭 2300 뿡 3900 ְ ߴ.
ڸ ֽ ְ 3785 20%(116) 缭 ҰѴٸ ִ 707 883 25% ϴ ȿ ִ. ִڻ 5430 5840 7.6% ϴ ȿ ִ. ִڻ꺸 ݿ ڻָ ԼҰϱ ִ ڻ ö Ǵ ̴.
2003 ROE鿡 ڻ Ұ ROE 14.1%, Ұ ROE 16.5% ö ȴ. ݼ ڻ 44 پ پ ڼ Ұ 2 ̰, 1.5 ۿ ʴ´. ϸ ڸ Ը ϰ ִ ݼ ڻ κ ͼ ǿ ̴.
ڸ ڻ а ڻ ڻ, ä ü Ը Ұ 170 ̴. ⼭ 44.1 ڻ ͷ 25.9%. ̿ 180 ݼ ڻ꿡 6.7 ͷ 3.7% ̴. ڻ ͷ 12.5%ε, ڻ Ұ ڻ ü ߸ ڻ ͷ ö 25.9% ϰ ȴ.
ڸа ΰġ ڻ ƴ 귣, Ŀ ڻ꿡 ȸ ̰ ȴ. ϰ ϴİ ͼ ¿ϴ ߿ 濵ɷ̴. ڸ űԷ Ը ڰȹ ʱ ڻ Ұ Ե ʿ䰡 ִ.
, ڸи å Ȯ϶.
ڸ ٸ ȸ ȭǴ å ߴ. ڸ å ٸ ȸ ȭǴ κ . 2003 ڽ չ缺 38.16%̴. ̿ ڸ 缺 21.5% Ұϴ. 缺 2/3 ġ ̴. ڽڿ 80 (22.3%) äϰ ֱ , ü 忡 ϱ ʴ. ڸ 2003 ⺸ 40% ߴ.
ڸ å ū Ұϴٴ ̴. 絵 ̳ ʰ, 缺 پ ִ. پ ͺ 簨Ҿ ξ ū ֽĿ Ƚϰ ڸ ִ ¯ ڴ ʴ.
ڸ å ġũ μ̿Ƽ ִ. μ̿Ƽ 2002 Ȯ 30% ֵ鿡 ϰ ִ. ִ ֿ Ҿְ Ѿ 3 7 ϴ ǽ̴. ̷ ȸ簡 Ȯϰ å ڵ Ϳġ ڸ ִ. ̷ ϸ Ҿֵ鿡 ƿ ֽ Ҹ پ.
ڸ ̿ 缺 å Ȯν ڵ ҽŰ ظ ʿ䰡 ִ. Ȳ Ǵ å ڵ鿡Դ ҷ νĵȴ. ڱ ̰, Ը ڰȹ ŭ ڸе ڽ 35~40% 缺 ϴ ٶ ̴. б ǽ ְ, ְ ̰ ϴ å̴.
б⺰ ǥ ֿ ڸ ȸ Ȳ ǥ ǥϴ IR Ѵٵ, ǰ Ѵٵ ϴ ͵ ڸ Ÿ ұ ȭŰ ̴.
3. ο Ȯ ȣ
ڸ 忡 60% ̻ ϸ ϰ ְ, Ư ̱ 귣 ˷ ִ. ڸ ü , Ҵ ȯ϶ ȭ ǸŴܰ Ǵ. 20% Ѵ ͷ ڸ ͼ ִ ̴.
2004 ߱ ݰ ϶ϰ, δ. ȭ ̰ ִ ȭ űԷ ϰ Ǿ ȭ ġ ϶ ȭǰ ִ ͼ ִ ȿ ̴.
ڸ 97 ̱ , ִ Ҹ Ʈ ϵ Ȩ ο ŷ Ʈ鼭 귣 Ű Դ. 2005ʹ ̱ ü , Ȩ ڸ ȹ̶ ִ. ι Ϻ Ÿ Ȯ 20% س ־ ִ.
ڸ ڻ κп 淯 ڸС 귣 ȰϿ ڿ Ȯ ̴. 簡 3 ̻ غؿ Ʈμ ڸ ȹ ÷ ִ ûٰȭ ϴ. ߱ , ű , , ̱ ȸ ڸ Ǵܵȴ.
ֽ ġ ǹϴ ִ ö, ִ ö ܼ 빰 ְ ϱ . þ ִ þ, ְ Ǹ ڿ ְ ö, ŷ þ ̴. ڻ Ұ ںȿ ̰, ִ Ͱ ROE ̴ ˸ ̴. CI ۾ Բ å ָ ϴ ϰִ ĢƷ ȴٸ ֽμ ڸ 귣 ֽ 忡 ̴.
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ڸ 濵 ߲ϰڽϴ.
ϸ Դϴ.
Ź ¥ Ȱ ֽԴϴ.
ֽ ٴ ڽϱ?
ڸ 濵 ϱ ٶϴ.
̹ Ȥ ˾Ұ.
ʾٰ ϴ.
ֵ γ Ѱ ġݰ ε ƽñ⸦...
ȸ ڵ ̱ а ߲߳??