서울중앙지방법원 | 2012-07-27 | 2010가합12420
법원 판례 기준으로 판결요지와 원문 출처를 내부에서 확인하세요.
원문이 아닌 정리본이며, 저장된 요약의 끝부분이 잘려 있을 수 있습니다.
기업 인수합병 계약상 진술 및 보증 위반 손해배상 청구 사건
판결 결과
근로자의 손해배상 청구 기각
사건 개요
근로자들이 회사 인수 시 제공받은 재무정보에 오류가 있었다며, 회사가 14가지 사항을 숨기거나 과대평가하여 손해를 입었다고 주장한 사건입니다.
핵심 쟁점과 판단
1. 진술 및 보증의 법적 성격
기업 인수합병 계약의 진술·보증 조항은 약정 담보책임의 일종으로, 민법상 하자담보책임과 달리 범위가 넓고 구매자의 선의·무과실을 요구하지 않습니다. 다만 구매자가 위반 사실을 알고도 고의로 반영하지 않았다면 인과관계가 없어 배상이 인정되지 않습니다.
2. 주요 항목별 판단
- D 선수금 누락: 계약 종료가 임박했으므로 부채로 인식할 필요 없음 → 위반 아님
- D 계약금액 감액 미공개: 이미 종료된 계약으로 공개 대상 아님 → 위반 아님
- 영화예매권 선수금: 회계법인의 감사에서 문제 없었고, 일반 회계기준에 부합함 → 위반 아님
실무 시사점
- 기업 인수 시 회계기준의 합리적 적용 범위가 넓게 인정됨
- 감사법인의 검증이 있었다면 강력한 방어 사유가 됨
- 구매자의 고의적 무시는 별도의 입증이 필요함
확보한 수집 내용입니다. 전문 여부와 앞뒤 누락, 문단·표·공백의 원형 보존은 확인되지 않았습니다.
공식 원문 미확인
서울중앙지방법원 제22민사부 판결
사건: 2010가합12420 손해배상 원고: 1. 주식회사 제이콘텐트리 2. 웨스트엔드기업구조조정조합 원고2의승계참가인: 주식회사 중앙일보 피고: A 변론종결: 2012. 6. 8. 판결선고: 2012. 7. 27.
1. 원고들 및 원고 웨스트엔드기업구조조정조합의 승계참가인 주식회사 중앙일보의 청구를 모두 기각한다. 2. 소송비용은 원고들 및 원고 웨스트엔드기업구조조정조합의 승계참가인 주식회사 중앙일보가 부담한다.
1. 사건의 개요 및 분쟁의 전제가 되는 사실 가. 사건의 개요 이 사건은 주식회사 B(이하 'B'라 한다)의 대주주인 피고로부터 주식을 양수받은 원고들 및 원고 승계참가인 주식회사 중앙일보(이하 '원고 승계참가인'이라 한다)<comment_bc id="1" />가, 피고가 선수금 채무 누락 등 14가지 사항에 관하여 이 사건 투자계약에서 정한 진술 및 보증을 위반하였다고 주장하면서 대상 기업인 B의 가치를 과대평가한 데 따른 원고들의 손해배상을 구하는 사안이다. 이 사건에서는 그 핵심 쟁점으로서 기업인수합병 계약에서 다루어지는 '진술 및 보증'의 성격과 내용 및 그 위반 여부를 검토하게 된다. 나. 분쟁의 전제가 되는
{"source_kind": "bigcase_html", "member_only": false, "extraction_method": "next_data", "ai_summary": "# \uae30\uc5c5 \uc778\uc218\ud569\ubcd1 \uacc4\uc57d\uc0c1 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \uc778\ud55c \uc190\ud574\ubc30\uc0c1 \uccad\uad6c \uc0ac\uac74\n## \uacb0\uacfc \uc694\uc57d\n- \uc6d0\uace0\ub4e4\uc758 \ud53c\uace0\uc5d0 \ub300\ud55c \uc190\ud574\ubc30\uc0c1 \uccad\uad6c\ub97c \ubaa8\ub450 \uae30\uac01\ud568.\n## \uc0ac\uc2e4\uad00\uacc4\n- \uc6d0\uace0\ub4e4\uc740 B \uc8fc\uc2dd\uc758 \uc591\uc218\uc778\uc73c\ub85c\uc11c, \ud53c\uace0(B\uc758 \ub300\uc8fc\uc8fc)\uac00 \uc774 \uc0ac\uac74 \ud22c\uc790\uacc4\uc57d\uc0c1 \uc9c4\uc220 \ubc0f \ubcf4\uc99d\uc744 \uc704\ubc18\ud558\uc5ec B\uc758 \uac00\uce58\ub97c \uacfc\ub300\ud3c9\uac00\ud558\uac8c \ud558\uc600\uc73c\ubbc0\ub85c, \uc774\ub85c \uc778\ud55c \uc190\ud574\ubc30\uc0c1\uc744 \uccad\uad6c\ud568.\n- \uc6d0\uace0\ub4e4\uc740 D \uc120\uc218\uae08 \ub204\ub77d, D \uacc4\uc57d\uae08\uc561 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\uc77c\ubc18\uc801\u00b7\ucd94\uc0c1\uc801 \uac1c\ub150\uc73c\ub85c, \uad6c\uccb4\uc801 \uc0ac\uc548\uc5d0 \ub530\ub77c \ud574\uc11d \ubc0f \uc801\uc6a9\uc5d0 \ucc28\uc774\uac00 \uc788\uc744 \uc218 \uc788\uc74c. \ud68c\uacc4\ubc95\uc778\uc758 \uac10\uc0ac \ubc0f \uc2e4\uc0ac\uc5d0\uc11c \ubb38\uc81c \uc81c\uae30\uac00 \uc5c6\uc5c8\uace0, \uc77c\ubc18\uc801\uc73c\ub85c \uc778\uc815\ub41c \ud68c\uacc4\ucc98\ub9ac\uae30\uc900\uacfc \uad00\uc2b5\uc5d0 \ubc18\ud55c\ub2e4\uace0 \ubcf4\uae30 \uc5b4\ub824\uc6b4 \uacbd\uc6b0 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \ubcf4\uae30 \uc5b4\ub824\uc6c0.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: B\uc758 \uc601\ud654\uc608\ub9e4\uad8c \uc0ac\uc5c5\uad6c\uc870\uc0c1 \uc7a5\ub798 \ucc44\ubb34\uc640 \uc218\uc785 \ud655\uc815\uc774 \uace4\ub780\ud558\uace0, \ud68c\uacc4\ubc95\uc778\ub4e4\uc774 \uc601\ud654\uc608\ub9e4\uad8c \ud310\ub9e4\ub300\uae08\uc744 \ub9e4\ucd9c\ub85c \uc778\uc2dd\ud558\uace0 \ucda9\ub2f9\ubd80\ucc44\ub97c \uc124\uc815\ud558\ub294 \ud68c\uacc4\ucc98\ub9ac\uc5d0 \ub300\ud574 \ubb38\uc81c \uc81c\uae30\ub97c \ud558\uc9c0 \uc54a\uc558\uc73c\ubbc0\ub85c, \uc774\ub7ec\ud55c \ud68c\uacc4\ubc29\ubc95\uc774 \uc77c\ubc18\uc801\uc73c\ub85c \uc778\uc815\ub41c \ud68c\uacc4\ucc98\ub9ac\uae30\uc900\uacfc \uad00\uc2b5\uc5d0 \ubc18\ud55c\ub2e4\uace0 \ubcf4\uae30 \uc5b4\ub835\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \ud1f4\uc9c1\uae09\uc5ec\ucda9\ub2f9\ubd80\ucc44 \uacf5\uac1c \ub204\ub77d \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \ud68c\uacc4\uc0c1 \ubd80\ucc44\ub294 \uacbd\uc81c\uc801 \ud6a8\uc775 \uc720\ucd9c \uac00\ub2a5\uc131\uc774 \ub9e4\uc6b0 \ub192\uace0 \uae08\uc561\uc744 \uc2e0\ub8b0\uc131 \uc788\uac8c \uce21\uc815\ud560 \uc218 \uc788\ub294 \ud604\uc7ac\uc758 \uc758\ubb34\ub97c \ub73b\ud568. \uc7ac\uc9c1 \uc911\uc778 \uc9c1\uc6d0\uc5d0 \ub300\ud55c \ud1f4\uc9c1\uae08 \uc9c0\uae09 \uc758\ubb34\ub294 \ud604\uc7ac\uc758 \uc758\ubb34\ub85c \ubcf4\uae30 \uc5b4\ub835\uace0, \ubc95\uc801\uc73c\ub85c\ub3c4 \ud1f4\uc9c1 \uc2dc \ubc1c\uc0dd\ud558\ub294 \ucc44\ubb34\uc784.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \uc7ac\uc9c1 \uc911\uc778 \uc9c1\uc6d0\uc5d0 \ub300\ud55c \ud1f4\uc9c1\uae08 \uc9c0\uae09 \uc758\ubb34\ub294 \ud604\uc7ac\uc758 \uc758\ubb34\ub85c \ubcf4\uae30 \uc5b4\ub835\uace0, B\uac00 \uc77c\ubc18\uc801\uc73c\ub85c \uc778\uc815\ub41c \ud68c\uacc4\ucc98\ub9ac\uae30\uc900\uc5d0 \ub530\ub77c \ud1f4\uc9c1\uae09\uc5ec\ucda9\ub2f9\ubd80\ucc44\ub97c \uc124\uc815\ud574\uc654\uc73c\uba70 \uac10\uc0ac\ubcf4\uace0\uc11c \ubc0f \uc2e4\uc0ac\ubcf4\uace0\uc11c\uc5d0 \uba85\uc2dc\ub418\uc5b4 \uc788\uc73c\ubbc0\ub85c, \ud1f4\uc9c1\uae09\uc5ec\ucda9\ub2f9\ubd80\ucc44\ub97c \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uae30\uc7ac\ud558\uc9c0 \uc54a\uc740 \uac83\uc774 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc5d0 \ud574\ub2f9\ud558\uc9c0 \uc54a\ub294\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \ub77c\uc774\uc13c\uc2a4 \uc5c6\ub294 \uc18c\ud504\ud2b8\uc6e8\uc5b4 \uc0ac\uc6a9\uc0ac\uc2e4 \uacf5\uac1c \ub204\ub77d \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \uc18c\ud504\ud2b8\uc6e8\uc5b4 \ubd88\ubc95 \uc0ac\uc6a9\uc73c\ub85c \uc778\ud55c \uc18c\uc1a1, \ubd84\uc7c1, \ubc8c\uae08 \ubd80\uacfc \ub4f1 \ubc95\ub960\uc801\u00b7\uacbd\uc81c\uc801 \uc704\ud5d8\uc774 \ubc1c\uc0dd\ud558\uc9c0 \uc54a\uc558\uace0, \ubbf8\ubcf4\uc720 \uc18c\ud504\ud2b8\uc6e8\uc5b4\uc758 \uc874\uc7ac\ub97c \uc778\uc815\ud560 \ub9cc\ud55c \uc99d\uac70\uac00 \ubd80\uc871\ud55c \uacbd\uc6b0 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \uc778\ud55c \uc190\ud574\ub97c \uc778\uc815\ud558\uae30 \uc5b4\ub824\uc6c0.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: B\uac00 \uc774 \uc0ac\uac74 \ud22c\uc790\uacc4\uc57d \uc774\ud6c4 \ud604\uc7ac\uae4c\uc9c0 \uc18c\ud504\ud2b8\uc6e8\uc5b4 \uac1c\ubc1c\ud68c\uc0ac\ub85c\ubd80\ud130 \uc18c\uc1a1\uc744 \uc81c\uae30\ub2f9\ud55c \uc801\uc774 \uc5c6\uace0, \ubc8c\uae08 \ubd80\uacfc \ub4f1 \uc6b0\ubc1c\ucc44\ubb34\uac00 \ubc1c\uc0dd\ud558\uc9c0 \uc54a\uc558\uc73c\uba70, \ucd94\uac00 \uad6c\ub9e4 \uc0ac\uc2e4\ub3c4 \uc5c6\uc73c\ubbc0\ub85c \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18 \ubc0f \uc190\ud574 \ubc1c\uc0dd\uc744 \uc778\uc815\ud560 \uc218 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud568.\n### E \ubbf8\uc9c0\uae09\uae08 \ub204\ub77d \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \ud2b9\uc218\uad00\uacc4 \ud68c\uc0ac\uc640\uc758 \ucc44\uad8c\u00b7\ucc44\ubb34 \uad00\uacc4\ub97c \ubcc4\ub3c4\uc758 \uc57d\uc815\uc73c\ub85c \uc815\uc0b0\ud558\uae30\ub85c \ud569\uc758\ud55c \uacbd\uc6b0, \ud574\ub2f9 \ubc95\ub960\uad00\uacc4\ub294 \uc9c4\uc220 \ubc0f \ubcf4\uc99d\uc758 \ub300\uc0c1\uc5d0\uc11c \uc81c\uc678\ud558\uae30\ub85c \ud569\uc758\ud55c \uac83\uc73c\ub85c \ubcfc \uc218 \uc788\uc74c.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: E\ub294 B\uc640 \ud2b9\uc218\uad00\uacc4\uc5d0 \uc788\ub294 \ud68c\uc0ac\uc774\uace0, \uc6d0\uace0\ub4e4\uacfc \ud53c\uace0\ub294 \uc774 \uc0ac\uac74 \ucd94\uac00\uc57d\uc815\uc744 \ud1b5\ud574 E\uc640\uc758 \ucc44\uad8c\u00b7\ucc44\ubb34 \uad00\uacc4\ub97c \ubcc4\ub3c4\ub85c \uc815\uc0b0\ud558\uae30\ub85c \ud569\uc758\ud55c \uac83\uc73c\ub85c \ubcf4\uc774\ubbc0\ub85c, E\uc5d0 \ub300\ud55c \ubc95\ub960\uad00\uacc4\ub294 \uc9c4\uc220 \ubc0f \ubcf4\uc99d\uc758 \ub300\uc0c1\uc5d0\uc11c \uc81c\uc678\ud558\uae30\ub85c \ud569\uc758\ud588\ub2e4\uace0 \ubd04\uc774 \ud0c0\ub2f9\ud558\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \uc5d0\uc774\uc5d0\uc2a4\ud53c\uc5d4\uc5d0 \ub300\ud55c \ubbf8\uc9c0\uae09\uae08 \ub204\ub77d \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \uacf5\uac1c\ubaa9\ub85d\uc758 \ub0b4\uc6a9\uc774 \ubc29\ub300\ud558\ub354\ub77c\ub3c4, \ub9e4\uc218\uc778\uc774 \uacf5\uac1c\ubaa9\ub85d \uc804\uccb4\ub97c \ud1b5\ud574 \ud2b9\uc815 \ucc44\ubb34\uc758 \uc874\uc7ac \ubc0f \ub2e4\ud23c \uc5ec\ubd80\ub97c \ucda9\ubd84\ud788 \uc778\uc2dd\ud560 \uc218 \uc788\uc5c8\ub2e4\uba74 \ub204\ub77d\uc73c\ub85c \ubcfc \uc218 \uc5c6\uc74c. \ub610\ud55c, \ucc44\ubb34 \uc9c0\uae09\uc744 \uac70\ubd80\ud558\uba74\uc11c \uc0c1\uc751\ud558\ub294 \uc790\uc0b0 \ud56d\ubaa9\uc744 \uacc4\uc0c1\ud558\uc9c0 \uc54a\uc558\uace0, \uc2e4\uc81c \uc9c0\uae09\ud588\ub2e4\ub294 \uc99d\uac70\uac00 \uc5c6\ub2e4\uba74 \uc190\ud574 \ubc1c\uc0dd\uc744 \uc778\uc815\ud558\uae30 \uc5b4\ub824\uc6c0.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \ud53c\uace0\uac00 \uc5d0\uc774\uc5d0\uc2a4\ud53c\uc5d4\uc5d0 \ub300\ud55c \ucc44\ubb34 \uc911 \ub2e4\ud23c\uc774 \uc5c6\ub294 \ubd80\ubd84\uacfc \ub2e4\ud23c\uc774 \uc788\ub294 \ubd80\ubd84\uc744 \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uba85\uc2dc\ud558\uc5ec \uc6d0\uace0\ub4e4\uc774 \ucda9\ubd84\ud788 \uc778\uc2dd\ud560 \uc218 \uc788\uc5c8\uc73c\ubbc0\ub85c \ub204\ub77d\uc73c\ub85c \ubcfc \uc218 \uc5c6\uc73c\uba70, B\uac00 \ud574\ub2f9 \uae08\uc561\uc744 \uc2e4\uc81c\ub85c \uc9c0\uae09\ud588\ub2e4\ub294 \uc99d\uac70\ub3c4 \uc5c6\uc73c\ubbc0\ub85c \uc190\ud574 \ubc1c\uc0dd\uc744 \uc778\uc815\ud560 \uc218 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud568.\n### **\ud55c\uc601\ud68c\uacc4\ubc95\uc778\uc5d0 \ub300\ud55c \ubbf8\uc9c0\uae09 \ucc44\ubb34 \ub204\ub77d \uc8fc\uc7a5**\n- **\ubc95\ub9ac**: \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc870\ud56d\uc5d0 \ub530\ub77c \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uae30\uc7ac\ub41c \ucc44\ubb34 \uc678\uc5d0 \ub2e4\ub978 \ucc44\ubb34\uac00 \uc874\uc7ac\ud558\uac70\ub098 \uacf5\uac1c \ub0b4\uc5ed\uc774 \ubd80\uc815\ud655\ud558\ub2e4\uba74 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc784. \uc6a9\uc5ed \uc5c5\ubb34\uac00 \uc885\ub8cc\ub418\uc9c0 \uc54a\uc558\ub354\ub77c\ub3c4 \uacc4\uc57d\uc5d0 \ub530\ub77c \uc9c0\uae09 \uae30\uc77c\uc774 \uc815\ud574\uc9c4 \ucc44\ubb34\ub294 \ubc1c\uc0dd\ud55c \uac83\uc73c\ub85c \ubcfc \uc218 \uc788\uc74c.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: B\uc640 \ud55c\uc601\ud68c\uacc4\ubc95\uc778 \uac04 \uc6a9\uc5ed\uacc4\uc57d\uc5d0 \ub530\ub77c \uc794\uae08 \uc9c0\uae09 \uae30\uc77c\uc774 \uc815\ud574\uc838 \uc788\uc5c8\uc73c\ubbc0\ub85c, \uc6a9\uc5ed \uc5c5\ubb34 \uc885\ub8cc \uc5ec\ubd80\uc640 \ubb34\uad00\ud558\uac8c \ucc44\ubb34\ub294 \ubc1c\uc0dd\ud55c \uac83\uc73c\ub85c \ubcf4\uc544\uc57c \ud568. \ud53c\uace0\uac00 \uc794\uae08 \ucc44\ubb34\ub97c \uacf5\uac1c\ubaa9\ub85d\uc5d0 \ub204\ub77d\ud55c \uac83\uc740 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc5d0 \ud574\ub2f9\ud558\uba70, \uc774\ub85c \uc778\ud574 B\uc758 \uac00\uce58\uac00 5,280,000\uc6d0\ub9cc\ud07c \uac10\uc18c\ud588\ub2e4\uace0 \ud310\ub2e8\ud568.\n### **\uae30\uc900\uc77c \uc774\uc804 \uae30\uac04 \uadc0\uc18d\ube44\uc6a9 \uad00\ub828 \ucc44\ubb34 \uacf5\uac1c \ub204\ub77d \uc8fc\uc7a5**\n- **\ubc95\ub9ac**: \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc870\ud56d\uc5d0 \ub530\ub77c \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uae30\uc7ac\ub41c \ucc44\ubb34 \uc678\uc5d0 \ub2e4\ub978 \ucc44\ubb34\uac00 \uc874\uc7ac\ud558\uac70\ub098 \uacf5\uac1c \ub0b4\uc5ed\uc774 \ubd80\uc815\ud655\ud558\ub2e4\uba74 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc784. \uae30\uc900\uc77c \uc774\uc804\uc5d0 \ubc1c\uc0dd\ud55c \ube44\uc6a9\uc73c\ub85c\uc11c B\uac00 \ubd80\ub2f4\ud558\uac8c \ub41c \ucc44\ubb34\ub294 \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uae30\uc7ac\ud560 \uc758\ubb34\uac00 \uc788\uc74c. \ud68c\uacc4\uad00\ud589\uc774 \uc77c\ubc18\uc801\uc73c\ub85c \uc778\uc815\ub41c \ud68c\uacc4\ucc98\ub9ac\uae30\uc900\uc774\ub098 \uad00\uc2b5\uc774\ub77c\uace0 \ubcfc \uc99d\uac70\uac00 \uc5c6\uace0, \ube44\uc6a9 \ucd94\uc0b0\uc774 \ubd88\uac00\ub2a5\ud558\ub2e4\uace0 \ubcf4\uc774\uc9c0 \uc54a\uc73c\uba70, \uacf5\uac1c\ubaa9\ub85d\uc5d0 \ud574\ub2f9\ud558\uc9c0 \uc54a\ub294 \uc11c\ub958 \uad50\ubd80\ub9cc\uc73c\ub85c\ub294 \uacf5\uac1c\ub418\uc5c8\ub2e4\uace0 \ubcfc \uc218 \uc5c6\uc74c.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \uae30\uc900\uc77c \uc774\uc804\uc5d0 B\uc758 \uc6b4\uc601\uc73c\ub85c \ubc1c\uc0dd\ud55c \ubbf8\uc9c0\uae09\ube44\uc6a9 203,875,307\uc6d0\uc740 \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uae30\uc7ac\ud560 \uc758\ubb34\uac00 \uc788\uc5c8\uc74c\uc5d0\ub3c4 \ub204\ub77d\ub418\uc5c8\uc73c\ubbc0\ub85c, \ud53c\uace0\ub294 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc5d0 \ud574\ub2f9\ud558\uba70, \uc774\ub85c \uc778\ud574 B\uc758 \uac00\uce58\uac00 \ud574\ub2f9 \uae08\uc561\ub9cc\ud07c \uac10\uc18c\ud588\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \uae30\uc900\uc77c \uc774\uc804 \uae30\uac04 \ubbf8\uc9c0\uae09\uc774\uc790 \uacf5\uac1c \ub204\ub77d \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \ub300\ucd9c\uc6d0\uae08, \uc774\uc790\uc728, \uc794\uc874 \ub300\ucd9c\uae08 \ub4f1\uc744 \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uae30\uc7ac\ud558\uace0 \ub9e4\uc218\uc778\uc774 \uc2e4\uc0ac\ub97c \ud1b5\ud574 \ud574\ub2f9 \uae30\uac04 \ub3d9\uc548 \uc774\uc790\ube44\uc6a9 \uc9c0\ucd9c\uc744 \uc27d\uac8c \uc54c \uc218 \uc788\uc5c8\ub2e4\uba74, \ubbf8\uc9c0\uae09\uc774\uc790\ub97c \ubcc4\ub3c4\ub85c \uae30\uc7ac\ud558\uc9c0 \uc54a\uc558\ub354\ub77c\ub3c4 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \ubcf4\uae30 \uc5b4\ub824\uc6c0.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \ud53c\uace0\uac00 \ub300\ucd9c\uc6d0\uae08, \uc774\uc790\uc728, \uc794\uc874 \ub300\ucd9c\uae08 \ub4f1\uc744 \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uae30\uc7ac\ud558\uc600\uace0, \uc6d0\uace0\ub4e4\uc774 \uc2e4\uc0ac\ub97c \ud1b5\ud574 \uc774\uc790\ube44\uc6a9 \uc9c0\ucd9c\uc744 \uc54c \uc218 \uc788\uc5c8\uc73c\ubbc0\ub85c, \ubbf8\uc9c0\uae09\uc774\uc790\ub97c \ubcc4\ub3c4\ub85c \uae30\uc7ac\ud558\uc9c0 \uc54a\uc740 \uac83\uc774 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc5d0 \ud574\ub2f9\ud558\uc9c0 \uc54a\ub294\ub2e4\uace0 \ud310\ub2e8\ud568.\n### **\uc548\uc9c4\ud68c\uacc4\ubc95\uc778\uc5d0 \ub300\ud55c \ubd80\ucc44 \uacf5\uac1c \ub204\ub77d \uc8fc\uc7a5**\n- **\ubc95\ub9ac**: \uc870\uc138\ubd88\ubcf5 \uc2ec\ud310\uc758 \uc131\uacf5\ubcf4\uc218\uc5d0 \uad00\ud55c \uc57d\uc815\uc774 \ud2f0\ucf13\uc0ac\uc5c5 \uc218\ud589\uacfc \uad00\ub828\ub41c \uacc4\uc57d\uc73c\ub85c\uc11c \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc870\ud56d\uc5d0 \uc758\ud574 \uacf5\uac1c \uc758\ubb34\uac00 \uc788\ub2e4\uba74, \uc774\ub97c \uacf5\uac1c\ud558\uc9c0 \uc54a\uc740 \uac83\uc740 \uc704\ubc18\uc784. \uc911\ub300\uc131 \uc81c\ud55c\uc774 \uc801\uc6a9\ub418\uc9c0 \uc54a\ub294 \uacbd\uc6b0 \uc190\ud574\uc561\uc774 \ud2b9\uc815 \uae08\uc561\uc744 \ub118\ub294\uc9c0 \uc5ec\ubd80\ub294 \ud310\ub2e8\ud560 \ud544\uc694\uac00 \uc5c6\uc74c. \uc870\uc138\ubd88\ubcf5 \uc2ec\ud310 \uc2b9\uc18c\ub85c \uc778\ud55c \uc774\uc775\uc774 \uc2e4\uc81c\ub85c \ubc1c\uc0dd\ud558\uc9c0 \uc54a\uc558\ub2e4\uba74 \uc190\ud574\uac00 \uc5c6\ub2e4\uace0 \ubcfc \uc218 \uc5c6\uc74c.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \uc870\uc138\ubd88\ubcf5 \uc2ec\ud310\uc758 \uc131\uacf5\ubcf4\uc218 \uc57d\uc815\uc740 \ud2f0\ucf13\uc0ac\uc5c5 \uc218\ud589\uacfc \uad00\ub828\ub41c \uacc4\uc57d\uc73c\ub85c\uc11c \uacf5\uac1c \uc758\ubb34\uac00 \uc788\uc5c8\uc74c\uc5d0\ub3c4 \ud53c\uace0\uac00 \uc774\ub97c \uacf5\uac1c\ud558\uc9c0 \uc54a\uc740 \uac83\uc740 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc5d0 \ud574\ub2f9\ud558\uba70, \uc774\ub85c \uc778\ud574 B\uc758 \uac00\uce58\uac00 54,956,000\uc6d0\ub9cc\ud07c \uac10\uc18c\ud588\ub2e4\uace0 \ud310\ub2e8\ud568. \ud53c\uace0\uc758 \uc8fc\uc7a5\uacfc \ub2ec\ub9ac \uc870\uc138\ubd88\ubcf5 \uc2ec\ud310 \uc2b9\uc18c\ub85c B\uc5d0 \uc2e4\uc81c\ub85c \uc774\uc775\uc774 \ubc1c\uc0dd\ud588\ub2e4\uace0 \ubcfc \uc218 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \uc2e0\uc6a9\uce74\ub4dc \ubbf8\uc218\uae08 \uad00\ub828 \uc218\uc218\ub8cc\ubbf8\uc9c0\uae09\ube44\uc6a9 \uacf5\uac1c \ub204\ub77d \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \uacf5\uac1c\ubaa9\ub85d\uc758 \uae30\uc7ac\ub9cc\uc73c\ub85c \ube44\uc6a9\uc744 \uc0b0\uc815\ud560 \uc218 \uc5c6\ub2e4\uba74 \ube44\uc6a9 \uacf5\uac1c\ub97c \ub204\ub77d\ud55c \uac83\uc73c\ub85c \ubcfc \uc218 \uc788\uc74c. \uadf8\ub7ec\ub098 \ud574\ub2f9 \ube44\uc6a9\uc5d0 \uc0c1\uc751\ud558\ub294 \ub9e4\ucd9c\uc774 \ubc1c\uc0dd\ud558\uace0, \ub9e4\ucd9c\uc561\uc774 \ube44\uc6a9\ubcf4\ub2e4 \ucee4\uc11c \uc601\uc5c5\uc774\uc775\uc774 \uc624\ud788\ub824 \uc99d\uac00\ud588\ub2e4\uba74 \uc190\ud574 \ubc1c\uc0dd\uc744 \uc778\uc815\ud558\uae30 \uc5b4\ub824\uc6c0.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \uacf5\uac1c\ubaa9\ub85d \uae30\uc7ac\ub9cc\uc73c\ub85c\ub294 \uc2e0\uc6a9\uce74\ub4dc \uc218\uc218\ub8cc\ube44\uc6a9\uc744 \uc0b0\uc815\ud560 \uc218 \uc5c6\uc5b4 \ube44\uc6a9 \uacf5\uac1c\ub97c \ub204\ub77d\ud55c \uac83\uc73c\ub85c \ubcf4\uc774\ub098, \uc2e0\uc6a9\uce74\ub4dc \uc218\uc218\ub8cc\ube44\uc6a9\uc5d0 \uc0c1\uc751\ud558\ub294 \ud310\ub9e4\ub300\ud589\uc218\uc218\ub8cc \ub9e4\ucd9c\uc774 \ubc1c\uc0dd\ud558\uace0 \uadf8 \uae08\uc561\uc774 \uc218\uc218\ub8cc\ube44\uc6a9\ubcf4\ub2e4 \ud06c\ubbc0\ub85c, \uc6d0\uace0\ub4e4\uc774 \uc190\ud574\ub97c \uc785\uc5c8\ub2e4\uace0 \ubcfc \uc218 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \uc120\uae09\uae08 \ud68c\uc218\ubcf4\uc99d\uae08\uc561 \uc911 \ubbf8\ud68c\uc218\uae08\uc561 \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \uc120\uae09\uae08\uc774 \uc7ac\ubb34\uc81c\ud45c\ub098 \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uacfc\ub300\uacc4\uc0c1\ub418\uac70\ub098 \uc798\ubabb \uae30\uc7ac\ub418\uc5c8\ub2e4\ub294 \uc8fc\uc7a5 \ubc0f \uc785\uc99d\uc774 \uc5c6\ub2e4\uba74 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \ubcf4\uae30 \uc5b4\ub824\uc6c0. \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc870\ud56d\uc5d0 \ub530\ub77c \uc190\ud574\ubc30\uc0c1 \ucc45\uc784 \uc81c\ud55c\uc774 \uba85\uc2dc\ub418\uc5b4 \uc788\uace0, \uace0\uc758 \ub610\ub294 \uc911\uacfc\uc2e4\uc774 \uc785\uc99d\ub418\uc9c0 \uc54a\ub294\ub2e4\uba74 \ud574\ub2f9 \uc81c\ud55c\uc774 \uc801\uc6a9\ub428.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \uc120\uae09\uae08\uc774 \uc7ac\ubb34\uc81c\ud45c\ub098 \uacf5\uac1c\ubaa9\ub85d\uc5d0 \uacfc\ub300\uacc4\uc0c1\ub418\uac70\ub098 \uc798\ubabb \uae30\uc7ac\ub418\uc5c8\ub2e4\ub294 \uc99d\uac70\uac00 \uc5c6\uc73c\ubbc0\ub85c \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc5d0 \ud574\ub2f9\ud558\uc9c0 \uc54a\uc73c\uba70, \ud53c\uace0\uc758 \uace0\uc758 \ub610\ub294 \uc911\uacfc\uc2e4\uc744 \uc778\uc815\ud560 \uc99d\uac70\uac00 \ubd80\uc871\ud558\ubbc0\ub85c \uc190\ud574\ubc30\uc0c1 \ucc45\uc784 \uc81c\ud55c \uaddc\uc815\uc774 \uc801\uc6a9\ub418\uc5b4 \ud53c\uace0\ub294 \ucc45\uc784\uc774 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \ud478\ub974\ub374\uc15c\uc0dd\uba85\ubcf4\ud5d8 \ubcf4\ud5d8\uc0c1\ud488 \uacfc\ub300\ud3c9\uac00 \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \ub9e4\uc218\uc778\uc774 \ud22c\uc790\uacc4\uc57d \ub2f9\uc2dc \ud2b9\uc815 \ubcf4\ud5d8\uacc4\uc57d\uc758 \ud574\uc57d\ud658\uae09\uae08\uc5d0 \ub300\ud55c \uad8c\ub9ac \ubc0f \uc190\ud574 \ubc1c\uc0dd \uac00\ub2a5\uc131\uc744 \uc778\uc9c0\ud558\uace0 \uc774\ub97c \uc591\ud574\ud558\uc600\uc73c\uba70, \ud22c\uc790\uacc4\uc57d\uc11c\uc5d0 \ud574\ub2f9 \ubcf4\ud5d8\uacc4\uc57d\uc5d0 \ub300\ud55c \uad8c\ub9ac\u00b7\uc758\ubb34\ub97c \uba85\uc2dc\ud558\uc600\ub2e4\uba74, \ud574\ub2f9 \ubcf4\ud5d8\uacc4\uc57d\uc740 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \ud56d\ubaa9\uc5d0 \ud3ec\ud568\ub418\uc9c0 \uc54a\ub294 \uac83\uc73c\ub85c \ubcfc \uc218 \uc788\uc74c.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \uc6d0\uace0\ub4e4\uc774 \uc774 \uc0ac\uac74 \ud22c\uc790\uacc4\uc57d \ub2f9\uc2dc \ubcf4\ud5d8\uacc4\uc57d\uc758 \ud574\uc57d\ud658\uae09\uae08\uc5d0 \ub300\ud55c \uad8c\ub9ac\ub97c \uc778\uc9c0\ud558\uace0 \uc591\ud574\ud558\uc600\uc73c\uba70, \ud22c\uc790\uacc4\uc57d\uc11c\uc5d0 \ubcf4\ud5d8\uc218\uc775\uc790\uac00 \ud68c\uc0ac\uc784\uc744 \ud655\uc778\ud558\ub294 \uaddc\uc815\uc744 \ub450\uc5c8\uc73c\ubbc0\ub85c, \ud574\ub2f9 \ubcf4\ud5d8\uacc4\uc57d\uc5d0 \uad00\ud55c \ubc95\ub960\uad00\uacc4\ub294 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \ud56d\ubaa9\uc5d0 \ud3ec\ud568\ub418\uc9c0 \uc54a\ub294 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4\uace0 \ud310\ub2e8\ud568.\n### **\uac15\ub0a8\uc138\ubb34\uc11c \ubbf8\uc218\uae08 \uacfc\ub300\uacc4\uc0c1 \uc8fc\uc7a5**\n- **\ubc95\ub9ac**: \uc7ac\ubb34\uc81c\ud45c \ubc0f \ud68c\uacc4\uc7a5\ubd80\uc758 \uc815\ud655\uc131\uc744 \ubcf4\uc99d\ud558\uc600\uc74c\uc5d0\ub3c4 \uc2e4\uc81c \ud68c\uc218 \uac00\ub2a5\ud55c \ubbf8\uc218\uae08\ubcf4\ub2e4 \uacfc\ub300\uacc4\uc0c1\ub41c \uacbd\uc6b0 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc784. \"\uc911\ub300\ud55c\"\uacfc \"\uc911\uc694\uc131\uc758 \uad00\uc810\"\uc740 \ub2e4\ub978 \uc758\ubbf8\ub85c \ud574\uc11d\ud574\uc57c \ud558\uba70, \"\uc911\uc694\uc131\uc758 \uad00\uc810\"\uc774\ub77c\ub294 \ud45c\ud604\uc774 \uc0ac\uc6a9\ub418\uc5c8\ub2e4\uace0 \ud558\uc5ec \uc911\ub300\uc131 \uc81c\ud55c\uc774 \uc801\uc6a9\ub41c\ub2e4\uace0 \ubcfc \uc218 \uc5c6\uc74c.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: B\uc758 \uac70\ub798\ucc98\uc6d0\uc7a5\uc5d0 \uae30\uc7ac\ub41c \uac15\ub0a8\uc138\ubb34\uc11c \ubbf8\uc218\uae08 83,105,416\uc6d0 \uc911 \uc2e4\uc81c \ud68c\uc218\ub41c \uae08\uc561\uc740 5,087,200\uc6d0\uc5d0 \ubd88\uacfc\ud558\ubbc0\ub85c, \ub098\uba38\uc9c0 78,018,216\uc6d0\uc774 \uc874\uc7ac\ud558\uc9c0 \uc544\ub2c8\ud568\uc73c\ub85c \uc778\ud574 \uc6d0\uace0\ub4e4\uc774 \uc785\uc740 \uc190\ud574\ub97c \ubc30\uc0c1\ud560 \uc758\ubb34\uac00 \uc788\ub2e4\uace0 \ud310\ub2e8\ud568. \"\uc911\uc694\uc131\uc758 \uad00\uc810\"\uc774\ub77c\ub294 \ud45c\ud604\uc774 \uc0ac\uc6a9\ub41c \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc81c8\ud56d\uc5d0\ub294 \uc911\ub300\uc131 \uc81c\ud55c\uc774 \uc801\uc6a9\ub418\uc9c0 \uc54a\ub294\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \uc2e0\uc6a9\uce74\ub4dc \ubbf8\uc218\uae08 \uacfc\ub300\uacc4\uc0c1 \uc8fc\uc7a5\n- **\ubc95\ub9ac**: \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \uc778\ud55c \uc190\ud574\uc561\uc740 \uc6d0\uace0\ub4e4\uc774 \uc785\uc99d\ud574\uc57c \ud568. \uc2e0\uc6a9\uce74\ub4dc \ubbf8\uc218\uae08\uacfc \uc608\uc218\uae08\uc758 \uad00\uacc4\uc5d0\uc11c \uc608\uc218\uae08\uc758 \uc874\ubd80 \ubc0f \uc2e4\uc81c \uc9c0\uae09\uc561\uc5d0 \ub300\ud55c \uc785\uc99d\uc774 \ubd80\uc871\ud558\uace0, \ub9e4\uc785 \ub204\ub77d\uc73c\ub85c \uc778\ud55c \uc190\uc2e4\uc561\uc774 \ud06c\uc9c0 \uc54a\uc73c\uba70, \ud68c\uacc4\uac10\uc0ac \ubc0f \uc2e4\uc0ac\uc5d0\uc11c \ud2b9\ubcc4\ud55c \ubb38\uc81c \uc81c\uae30\uac00 \uc5c6\uc5c8\ub2e4\uba74 \uc190\ud574 \ubc1c\uc0dd\uc744 \uc778\uc815\ud558\uae30 \uc5b4\ub824\uc6c0.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \ud53c\uace0\uac00 \uc2e0\uc6a9\uce74\ub4dc \ubbf8\uc218\uae08\uc744 \uacfc\ub300\uacc4\uc0c1\ud55c \uac83\uc740 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \ubcf4\uc774\ub098, \uc6d0\uace0\ub4e4\uc774 \uc608\uc218\uae08\uc758 \uc874\ubd80 \ubc0f \uc2e4\uc81c \uc9c0\uae09\uc561\uc5d0 \ub300\ud55c \uc785\uc99d\uc744 \ud558\uc9c0 \ubabb\ud588\uace0, \ub9e4\uc785 \ub204\ub77d\uc73c\ub85c \uc778\ud55c \uc190\uc2e4\uc561\uc774 \ud06c\uc9c0 \uc54a\uc73c\uba70, \ud68c\uacc4\uac10\uc0ac \ubc0f \uc2e4\uc0ac\uc5d0\uc11c \ud2b9\ubcc4\ud55c \ubb38\uc81c \uc81c\uae30\uac00 \uc5c6\uc5c8\uc73c\ubbc0\ub85c, \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \uc778\ud574 \uc6d0\uace0\ub4e4\uc774 \uc785\uc740 \uc190\ud574\uc561\uc744 \uc54c \uc218 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud568.\n### \ucd1d \uc190\ud574\ubc30\uc0c1\uae08\uc561 \uc81c\ud55c \uc801\uc6a9 \uc5ec\ubd80\n- **\ubc95\ub9ac**: \uc774 \uc0ac\uac74 \ud22c\uc790\uacc4\uc57d\uc5d0 \ub530\ub77c \ucd1d \uc190\ud574\uc561 \uc81c\ud55c\uc774 \uba85\uc2dc\ub418\uc5b4 \uc788\uace0, \ud53c\uace0\uc758 \uace0\uc758 \ub610\ub294 \uc911\uacfc\uc2e4\uc774 \uc785\uc99d\ub418\uc9c0 \uc54a\ub294\ub2e4\uba74 \ud574\ub2f9 \uc81c\ud55c\uc774 \uc801\uc6a9\ub428.\n- **\ubc95\uc6d0\uc758 \ud310\ub2e8**: \uc6d0\uace0\ub4e4\uc774 \uc8fc\uc7a5\ud558\ub294 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18\uc73c\ub85c \uc778\ud55c \ucd1d \uc190\ud574\uc561\uc774 \uc774 \uc0ac\uac74 \ud22c\uc790\uacc4\uc57d\uc5d0 \uc815\ud55c \ucd1d \uc190\ud574\uc561 \uc81c\ud55c\uc561 7\uc5b5 5\ucc9c\ub9cc \uc6d0\uc744 \ucd08\uacfc\ud558\uc9c0 \uc54a\uc73c\uba70, \ud53c\uace0\uc5d0\uac8c \uace0\uc758 \ub610\ub294 \uc911\uacfc\uc2e4\uc774 \uc788\uc5c8\uc74c\uc744 \uc778\uc815\ud560 \uc99d\uac70\uac00 \ubd80\uc871\ud558\ubbc0\ub85c, \ucd1d \uc190\ud574\ubc30\uc0c1\uae08\uc561 \uc81c\ud55c\uc774 \uc801\uc6a9\ub418\uc5b4 \uc6d0\uace0\ub4e4\uc740 \ud53c\uace0\uc5d0\uac8c \uc190\ud574\uc561\uc758 \uc9c0\uae09\uc744 \uad6c\ud560 \uc218 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud568.\n## \ucc38\uace0\uc0ac\uc2e4\n- \uc774 \uc0ac\uac74 \ud22c\uc790\uacc4\uc57d \uc81c8\uc870 \uc81c2\ud56d \ud6c4\ubb38\uc5d0\uc11c\ub294 \ud53c\uace0\uac00 \ubc30\uc0c1\ud574\uc57c \ud560 \uc190\ud574\uc561\uc5d0 \ub300\ud558\uc5ec \"\ubcf8\uac74 \ud22c\uc790\uc790\uc758 \ud68c\uc0ac\uc5d0 \ub300\ud55c \uc9c0\ubd84\ube44\uc728(\ubcf8\ud56d\uc758 \uacbd\uc6b0 \uccad\uad6c\uc2dc\uc810\uc758 \uc9c0\ubd84\ube44\uc728\uc744 \uc758\ubbf8)\uc744 \uacf1\ud55c \uae08\uc561\"\uc774\ub77c\uace0 \uba85\uc2dc\ud558\uace0 \uc788\uc74c. \uc6d0\uace0\ub4e4\uc740 \uc190\ud574\ubc30\uc0c1 \uccad\uad6c\uc2dc\uc810\uc778 2009. 7. 10. \ub2f9\uc2dc \ud569\uacc4 86.9%\uc758 \uc9c0\ubd84\ube44\uc728\uc744 \ubcf4\uc720\ud558\uace0 \uc788\uc5c8\uc74c.\n- \uc774 \uc0ac\uac74 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uac00.\ud56d\uc5d0\uc11c\ub294 \"\uc911\ub300\ud55c\"\uc774\ub77c\uace0 \ud568\uc740, \uac01 \uac1c\ubcc4\uc801 \uc0ac\uac74\uc744 \uae30\uc900\uc73c\ub85c 5,000\ub9cc \uc6d0 \uc774\uc0c1\uc744 \uc758\ubbf8\ud55c\ub2e4\uace0 \uc815\ud558\uace0 \uc788\uc74c.\n## \uac80\ud1a0\n- \ubcf8 \ud310\uacb0\uc740 \uae30\uc5c5 \uc778\uc218\ud569\ubcd1(M&A) \uacc4\uc57d\uc5d0\uc11c \uc911\uc694\ud55c '\uc9c4\uc220 \ubc0f \ubcf4\uc99d(Representation and Warranties)' \uc870\ud56d\uc758 \ubc95\uc801 \uc131\uaca9\uacfc \uadf8 \uc704\ubc18 \uc2dc \ucc45\uc784 \ubc94\uc704\uc5d0 \ub300\ud55c \uad6c\uccb4\uc801\uc778 \ud310\ub2e8 \uae30\uc900\uc744 \uc81c\uc2dc\ud568.\n- \ud2b9\ud788, \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc870\ud56d\uc774 \ubbfc\ubc95\uc0c1 \ud558\uc790\ub2f4\ubcf4\ucc45\uc784\uacfc \uc720\uc0ac\ud558\ub098 \uadf8 \uc694\uac74\uacfc \ud6a8\uacfc\uc5d0\uc11c \ucc28\uc774\ub97c \uc9c0\ub2c8\ub294 **\uc57d\uc815 \ub2f4\ubcf4\ucc45\uc784\uc758 \uc77c\uc885**\uc784\uc744 \uba85\ud655\ud788 \ud568\uc73c\ub85c\uc368, M&A \uacc4\uc57d\uc758 \ud2b9\uc218\uc131\uc744 \uace0\ub824\ud55c \ud574\uc11d\uc744 \uc2dc\ub3c4\ud568.\n- **\ub9e4\uc218\uc778\uc758 \uc545\uc758 \ub610\ub294 \uc911\uacfc\uc2e4\uc774 \ucc45\uc784\uc81c\ud55c \uc0ac\uc720\uac00 \ub420 \uc218 \uc788\ub294\uc9c0 \uc5ec\ubd80**\uc5d0 \ub300\ud574, \uacc4\uc57d\uc0c1 \uba85\uc2dc\uc801 \uaddc\uc815\uc774 \uc5c6\ub294 \ud55c \ucc45\uc784\uc81c\ud55c \uc0ac\uc720\ub85c \ubcfc \uc218 \uc5c6\ub2e4\uace0 \ud310\ub2e8\ud558\uc5ec \uacc4\uc57d \ubb38\uc5b8\uc758 \uc911\uc694\uc131\uc744 \uac15\uc870\ud568. \ub2e4\ub9cc, \ub9e4\uc218\uc778\uc774 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18 \uc0ac\uc2e4\uc744 \uc54c\uace0\ub3c4 \uace0\uc758\ub85c \ub9e4\ub9e4\ub300\uae08 \uc870\uc815\uc5d0 \ubc18\uc601\ud558\uc9c0 \uc54a\uc558\ub2e4\uba74 \uc778\uacfc\uad00\uacc4\uac00 \uc5c6\uc5b4 \uc190\ud574\ubc30\uc0c1\uc774 \uc778\uc815\ub418\uc9c0 \uc54a\uc744 \uc218 \uc788\ub2e4\ub294 \uc810\uc744 \uba85\uc2dc\ud558\uc5ec \uc2e0\uc758\uce59\uc801 \uc694\uc18c\ub97c \uace0\ub824\ud560 \uc5ec\uc9c0\ub97c \ub0a8\uae40.\n- \uac1c\ubcc4 \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc704\ubc18 \ud56d\ubaa9\uc5d0 \ub300\ud55c \ud310\ub2e8\uc5d0\uc11c\ub294 **\uacf5\uac1c\ubaa9\ub85d\uc758 \ub0b4\uc6a9, \ud68c\uacc4\ucc98\ub9ac \uae30\uc900\uc758 \uc801\uc815\uc131, \uc190\ud574 \ubc1c\uc0dd\uc758 \uc778\uacfc\uad00\uacc4 \ubc0f \uc785\uc99d \ucc45\uc784** \ub4f1\uc744 \uba74\ubc00\ud788 \uac80\ud1a0\ud558\uc5ec, \ub2e8\uc21c\ud788 \uc9c4\uc220\ub41c \ub0b4\uc6a9\uacfc \uc2e4\uc81c \uc0ac\uc2e4\uc774 \ub2e4\ub974\ub2e4\ub294 \uac83\ub9cc\uc73c\ub85c \uc190\ud574\ubc30\uc0c1 \ucc45\uc784\uc744 \uc778\uc815\ud558\uc9c0 \uc54a\uace0, \ub9e4\uc218\uc778\uc774 \ud574\ub2f9 \uc0ac\uc2e4\uc744 \uc778\uc9c0\ud560 \uc218 \uc788\uc5c8\ub294\uc9c0, \uc2e4\uc81c \uc190\ud574\uac00 \ubc1c\uc0dd\ud588\ub294\uc9c0, \uadf8\ub9ac\uace0 \uadf8 \uc190\ud574\uc561\uc774 \uad6c\uccb4\uc801\uc73c\ub85c \uc785\uc99d\ub418\uc5c8\ub294\uc9c0 \ub4f1\uc744 \uc885\ud569\uc801\uc73c\ub85c \uace0\ub824\ud568.\n- \ud2b9\ud788, **\ucd1d \uc190\ud574\ubc30\uc0c1\uae08\uc561 \uc81c\ud55c \uc870\ud56d**\uc758 \uc801\uc6a9 \uc5ec\ubd80\uc5d0 \ub300\ud55c \ud310\ub2e8\uc5d0\uc11c, \ud53c\uace0\uc758 \uace0\uc758 \ub610\ub294 \uc911\uacfc\uc2e4\uc774 \uc785\uc99d\ub418\uc9c0 \uc54a\ub294 \ud55c \uacc4\uc57d\uc0c1 \uc81c\ud55c\uc774 \uc720\ud6a8\ud568\uc744 \ud655\uc778\ud558\uc5ec, M&A \uacc4\uc57d\uc5d0\uc11c \ub2f9\uc0ac\uc790 \uac04 \ud569\uc758\ub41c \ucc45\uc784 \uc81c\ud55c \uc870\ud56d\uc758 \ud6a8\ub825\uc744 \uc874\uc911\ud558\ub294 \ud0dc\ub3c4\ub97c \ubcf4\uc784.\n- \ubcf8 \ud310\uacb0\uc740 M&A \uac70\ub798\uc5d0\uc11c \uc9c4\uc220 \ubc0f \ubcf4\uc99d \uc870\ud56d\uc744 \uc791\uc131\ud558\uace0 \ud574\uc11d\ud568\uc5d0 \uc788\uc5b4 **\uacc4\uc57d \ubb38\uc5b8\uc758 \uba85\ud655\uc131, \uc2e4\uc0ac \uacfc\uc815\uc758 \uc911\uc694\uc131, \uadf8\ub9ac\uace0 \uc190\ud574 \ubc1c\uc0dd \ubc0f \uc778\uacfc\uad00\uacc4\uc5d0 \ub300\ud55c \uad6c\uccb4\uc801\uc778 \uc785\uc99d**\uc758 \ud544\uc694\uc131\uc744 \uac15\uc870\ud558\ub294 \uc911\uc694\ud55c \uc120\ub840\uac00 \ub420 \uac83\uc73c\ub85c \uc0ac\ub8cc\ub428."}