{"id":268,"date":"2026-09-26T05:32:00","date_gmt":"2026-09-25T20:32:00","guid":{"rendered":"https:\/\/fosstree.com\/?p=268"},"modified":"2026-09-24T14:32:58","modified_gmt":"2026-09-24T05:32:58","slug":"wiseplanet-company-company-analysis","status":"publish","type":"post","link":"https:\/\/fosstree.com\/wiseplanet-company-company-analysis\/","title":{"rendered":"\uc640\uc774\uc988\ud50c\ub798\ub2db\ucef4\ud37c\ub2c8 \uc644\ubcbd \ubd84\uc11d: \uc0ac\uc5c5 \ubaa8\ub378\ubd80\ud130 \ub9ac\uc2a4\ud06c, \uc804\ub9dd\uae4c\uc9c0"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\ud544\ud130 \uc0e4\uc6cc\uae30 \u2018\ub2e5\ud130\ud53c\uc5d8(Dr.Piel)\u2019<\/strong>, \uafc0\uc7a0 \ud1a0\ud37c\ub85c \uc798 \uc54c\ub824\uc9c4 \u2018\ub204\uc7a0(Noojam)\u2019<\/strong>, \uadf8\ub9ac\uace0 \ub2e4\ud06c\uc11c\ud074 \ucf00\uc5b4\ub85c \uc785\uc18c\ubb38\uc744 \ud0c4 \u2018\uc544\uc774\ub808\ub180(Eyelenol)\u2019<\/strong>.<\/p>\n\n\n\n

\uc77c\uc0c1\uc5d0\uc11c \ud55c \ubc88\ucbe4 \uc811\ud574\ubcf8 \uba54\uac00 \ud788\ud2b8 D2C \ube0c\ub79c\ub4dc\ub4e4\uc758 \ubcf8\uccb4\uc778 (\uc8fc)\uc640\uc774\uc988\ud50c\ub798\ub2db\ucef4\ud37c\ub2c8<\/strong>\uac00 \ucf54\uc2a4\ub2e5 \uc0c1\uc7a5\uc744 \ub9c8\ubb34\ub9ac \uc9c0\uc5c8\uc2b5\ub2c8\ub2e4<\/sup>.<\/p>\n\n\n\n

\uae30\uad00 \uc218\uc694\uc608\uce21\ubd80\ud130 \uc77c\ubc18 \uccad\uc57d\uae4c\uc9c0 \uc218\uc870 \uc6d0\uc758 \uc99d\uac70\uae08\uc744 \ub04c\uc5b4\ubaa8\uc73c\uba70 \ud654\uc81c\ub97c \ubaa8\uc740 \uc640\uc774\uc988\ud50c\ub798\ub2db\ucef4\ud37c\ub2c8, \uacfc\uc5f0 \uc5b4\ub5a4 \uc0ac\uc5c5 \uad6c\uc870\uc640 \uc2e4\uc801\uc744 \uac00\uc9c0\uace0 \uc788\uc73c\uba70 \uc55e\uc73c\ub85c\uc758 \uc131\uc7a5\uc131\uacfc \uc8fc\uc758\ud574\uc57c \ud560 \ub9ac\uc2a4\ud06c\ub294 \ubb34\uc5c7\uc778\uc9c0 \uacf5\uc2dc \ubcf4\uace0\uc11c(\uac10\uc0ac\ubcf4\uace0\uc11c, \uc99d\uad8c\uc2e0\uace0\uc11c, \ud22c\uc790\uc124\uba85\uc11c, \ubc1c\ud589\uc2e4\uc801\ubcf4\uace0\uc11c)\ub97c \ubc14\ud0d5\uc73c\ub85c \uc2ec\uce35 \ubd84\uc11d\ud574 \ubcf4\uaca0\uc2b5\ub2c8\ub2e4<\/sup>.<\/p>\n\n\n\n

1. \uc0ac\uc5c5 \ubaa8\ub378(Business Model): “\ub370\uc774\ud130 \uae30\ubc18 D2C \ubbf8\ub514\uc5b4\ucee4\uba38\uc2a4 & \uc561\uc140\ub7ec\ub808\uc774\ud305”<\/h2>\n\n\n\n

\uc640\uc774\uc988\ud50c\ub798\ub2db\ucef4\ud37c\ub2c8\ub294 2013\ub144 \uad11\uace0\ub300\ud589\uc5c5\uc73c\ub85c \ucd9c\ubc1c\ud574, \ub514\uc9c0\ud138 \ud37c\ud3ec\uba3c\uc2a4 \ub9c8\ucf00\ud305 \uc5ed\ub7c9\uc744 \ubc14\ud0d5\uc73c\ub85c \uc790\uccb4 \ube0c\ub79c\ub4dc\ub97c \uc9c1\uc811 \uae30\ud68d\u00b7\uc81c\uc870(\uc678\uc8fc)\u00b7\uc720\ud1b5\ud558\ub294 \ub370\uc774\ud130 \uae30\ubc18 D2C(Direct-to-Consumer) \ubbf8\ub514\uc5b4\ucee4\uba38\uc2a4 \uae30\uc5c5<\/strong>\uc73c\ub85c \uc9c4\ud654\ud588\uc2b5\ub2c8\ub2e4<\/sup>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u2460 \ube0c\ub79c\ub4dc \ucee4\uba38\uc2a4 \ubd80\ubb38 (\ub9e4\ucd9c \ube44\uc911 96.4%)<\/h3>\n\n\n\n
\"\"<\/figure>\n\n\n\n

\uc18c\ube44\uc790\uc758 \uc2e4\uc0dd\ud65c \uc18d \ubd88\ud3b8\uc744 \ud574\uacb0\ud558\ub294 \ub77c\uc774\ud504\uc2a4\ud0c0\uc77c \ube0c\ub79c\ub4dc\ub97c \uc120\ubcf4\uc774\uba70, \uc678\ud615 \uc131\uc7a5\uc758 \ub300\ubd80\ubd84\uc744 \uc774\ub04c\uace0 \uc788\uc2b5\ub2c8\ub2e4<\/sup>.<\/p>\n\n\n\n

    \n
  • \ub9ac\ube59\u00b7\uc704\uc0dd \ud5ec\uc2a4\ucf00\uc5b4<\/strong>: \ub300\ud45c \uce90\uc2dc\uce74\uc6b0\uc778 \u2018\ub2e5\ud130\ud53c\uc5d8\u2019\uc744 \uc911\uc2ec\uc73c\ub85c \ud544\ud130 \uc0e4\uc6cc\uae30, \uc138\uba74\ub300\/\uc8fc\ubc29 \ud544\ud130 \ub4f1 \uc9c0\uc18d\uc801\uc778 \ud544\ud130 \uad50\uccb4 \uc218\uc694(\ubc18\ubcf5 \uad6c\ub9e4)\ub97c \ucc3d\ucd9c\ud569\ub2c8\ub2e4.<\/li>\n\n\n\n
  • \uc2ac\ub9bd\ucf00\uc5b4\u00b7\ud648\ucf00\uc5b4<\/strong>: \uace0\ubc00\ub3c4 \ud3fc \ud1a0\ud37c \ubc0f \ub9e4\ud2b8\ub9ac\uc2a4 \ube0c\ub79c\ub4dc \u2018\ub204\uc7a0\u2019\uc744 \ud1b5\ud574 \uac00\uad6c\u00b7\uce68\uad6c\ub958 \uc2dc\uc7a5\uc744 \uacf5\ub7b5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n
  • \ubdf0\ud2f0\u00b7\ud37c\uc2a4\ub110\ucf00\uc5b4<\/strong>: \u2018\uc544\uc774\ub808\ub180\u2019\uc744 \ud544\ub450\ub85c \uae30\ub2a5\uc131 \uc2a4\ud0a8\ucf00\uc5b4 \uc601\uc5ed\uc73c\ub85c \ub77c\uc778\uc5c5\uc744 \ud655\uc7a5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n
  • \uc0ac\uc5c5 \uad6c\uc870 \uc77c\uc6d0\ud654<\/strong>: 2025\ub144 \uc911 \uc885\uc18d\ud68c\uc0ac\uc600\ub358 (\uc8fc)\uc640\uc774\uc988\ubbf8\ub514\uc5b4\ucee4\uba38\uc2a4 \uc9c0\ubd84 100%\ub97c \ucde8\ub4dd\ud574 \ud761\uc218\ud569\ubcd1<\/strong>\uc744 \uc644\ub8cc\ud558\uba74\uc11c, \ubd84\uc0b0\ub418\uc5b4 \uc788\ub358 \ucee4\uba38\uc2a4 \uc0ac\uc5c5 \ubc38\ub958\uccb4\uc778\uc744 \uc644\uc804\ud788 \ud1b5\ud569\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n

    \u2461 \uad11\uace0\ub300\ud589 \ubc0f \uc561\uc140\ub7ec\ub808\uc774\ud305 \ubd80\ubb38 (\ub9e4\ucd9c \ube44\uc911 3.6%)<\/h3>\n\n\n\n
      \n
    • ROAS(\uad11\uace0\ube44 \ub300\ube44 \ub9e4\ucd9c\uc561) \ucd5c\uc801\ud654 \ub178\ud558\uc6b0\ub97c \ubc14\ud0d5\uc73c\ub85c \uc678\ubd80 \ud074\ub77c\uc774\uc5b8\ud2b8\uc5d0\uac8c \ud37c\ud3ec\uba3c\uc2a4 \ub9c8\ucf00\ud305 \uc6a9\uc5ed\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/li>\n\n\n\n
    • \ub2e8\uc21c \ub300\ud589\uc5d0 \uadf8\uce58\uc9c0 \uc54a\uace0 \uc720\ub9dd \ube0c\ub79c\ub4dc\ub97c \ubc1c\uad74\ud574 \uc9c0\ubd84 \ud22c\uc790 \ubc0f \uacf5\ub3d9 \ub9c8\ucf00\ud305\uc744 \uc9c4\ud589\ud569\ub2c8\ub2e4. <\/li>\n\n\n\n
    • \ubc18\uba74, \uc218\uc775\uc131\uc774 \ub5a8\uc5b4\uc9c0\ub358 \ubc18\ub824\ub3d9\ubb3c \uc6a9\ud488 \uc790\ud68c\uc0ac (\uc8fc)\ubc00\ub9ac\uc639\uc740 2025\ub144 \uc911 \uc9c0\ubd84\uc744 \uc81c3\uc790\uc5d0 \uc804\ub7c9 \ub9e4\uac01\ud558\uc5ec \ud55c\uacc4 \uc0ac\uc5c5\uc744 \uacfc\uac10\ud788 \ud138\uc5b4\ub0c8\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n

      2. \uc7ac\ubb34 \ubc0f \uc2e4\uc801 \ubd84\uc11d: “\ubd80\ucc44\ube44\uc728 14%, \ubb34\ucc28\uc785 \ud604\uae08 \ubd80\uc790”<\/h2>\n\n\n\n

      \ubbf8\ub514\uc5b4\ucee4\uba38\uc2a4 \uae30\uc5c5\ub4e4\uc740 \ud2b8\ub80c\ub4dc \ubcc0\ud654\uc5d0 \ub530\ub978 \uc2e4\uc801 \ubcc0\ub3d9\uc131\uc774 \ud06c\ub2e4\ub294 \uc6b0\ub824\uac00 \uc788\uc9c0\ub9cc, \uc640\uc774\uc988\ud50c\ub798\ub2db\ucef4\ud37c\ub2c8\uc758 \uc7ac\ubb34\uc81c\ud45c\ub294 \ub9e4\uc6b0 \uacac\uace0\ud55c \uae30\ucd08\uccb4\ub825\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4<\/sup>.<\/p>\n\n\n\n

      \ud83d\udcca \uc5f0\uacb0 \uc7ac\ubb34\uc81c\ud45c \uc694\uc57d (2024\ub144 vs 2025\ub144)<\/h3>\n\n\n\n

      (\ub2e8\uc704: \uc5b5 \uc6d0, \uc5f0\uacb0 K-IFRS \uae30\uc900)<\/em><\/p>\n\n\n\n

      \uad6c\ubd84<\/strong><\/td>2024\ub144 (\uc81c12\uae30)<\/strong><\/td>2025\ub144 (\uc81c13\uae30)<\/strong><\/td>\uc99d\uac10\ub960 \/ \ud2b9\uc9d5<\/strong><\/td><\/tr><\/thead>
      \uc601\uc5c5\uc218\uc775(\ub9e4\ucd9c\uc561)<\/strong><\/td>693.8\uc5b5 \uc6d0<\/sup><\/td>648.5\uc5b5 \uc6d0<\/strong><\/sup><\/td>-6.5% (\ube44\ud6a8\uc728 \ube0c\ub79c\ub4dc \uc815\ub9ac \uc601\ud5a5)<\/sup><\/td><\/tr>
      – \ucee4\uba38\uc2a4 \ubd80\ubb38<\/td>662.3\uc5b5 \uc6d0<\/sup><\/td>625.2\uc5b5 \uc6d0<\/strong><\/sup><\/td>\uc804\uccb4 \ub9e4\ucd9c\uc758 96.4% \ucc28\uc9c0<\/sup><\/td><\/tr>
      – \uad11\uace0\ub300\ud589 \ubd80\ubb38<\/td>31.5\uc5b5 \uc6d0<\/sup><\/td>23.3\uc5b5 \uc6d0<\/strong><\/sup><\/td>\uc804\uccb4 \ub9e4\ucd9c\uc758 3.6% \ucc28\uc9c0<\/sup><\/td><\/tr>
      \uc601\uc5c5\uc774\uc775<\/strong><\/td>62.7\uc5b5 \uc6d0<\/sup><\/td>63.4\uc5b5 \uc6d0<\/strong><\/sup><\/td>+1.1% \uc99d\uac00<\/sup><\/td><\/tr>
      \uc601\uc5c5\uc774\uc775\ub960(OPM)<\/strong><\/td>9.04%<\/sup><\/td>9.77%<\/strong><\/sup><\/td>+0.73%p \uc218\uc775\uc131 \uac1c\uc120<\/strong><\/sup><\/td><\/tr>
      \ub2f9\uae30\uc21c\uc774\uc775<\/strong><\/td>76.1\uc5b5 \uc6d0<\/sup><\/td>93.7\uc5b5 \uc6d0<\/strong><\/sup><\/td>\uae08\uc735\uc790\uc0b0 \ud3c9\uac00\/\ucc98\ubd84\uc774\uc775 \ubc18\uc601<\/sup><\/td><\/tr>
      \ud604\uae08\ubc0f\ud604\uae08\uc131\uc790\uc0b0<\/strong><\/td>131.2\uc5b5 \uc6d0<\/sup><\/td>289.1\uc5b5 \uc6d0<\/strong><\/sup><\/td>1\ub144 \uc0c8 +157.8\uc5b5 \uc6d0 \uae09\uc99d<\/strong><\/sup><\/td><\/tr>
      \ub2e8\uae30\ucc28\uc785\uae08<\/strong><\/td>8.2\uc5b5 \uc6d0<\/sup><\/td>0\uc6d0 (\ubb34\ucc28\uc785)<\/strong><\/sup><\/td>\uc740\ud589 \ub300\ucd9c \uc804\uc561 \uc0c1\ud658 \uc644\ub8cc<\/sup><\/td><\/tr>
      \ubd80\ucc44\ube44\uc728<\/strong><\/td>21.56%<\/sup><\/td>14.70%<\/strong><\/sup><\/td>\uadf9\ub3c4\ub85c \uc548\uc815\uc801\uc778 \uc7ac\ubb34 \uad6c\uc870<\/strong><\/sup><\/td><\/tr>
      \uc601\uc5c5\ud65c\ub3d9 \ud604\uae08\ud750\ub984<\/strong><\/td>+57.0\uc5b5 \uc6d0<\/sup><\/td>+46.4\uc5b5 \uc6d0<\/strong><\/sup><\/td>\uc7a5\ubd80\uc0c1 \uc774\uc775\uc774 \ud604\uae08\uc73c\ub85c \uc9c1\uacb0<\/sup><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \n
      • \ubb34\ucc28\uc785 \uacbd\uc601 \uccb4\uc81c<\/strong>: 2024\ub144 \ub9d0 \ub0a8\uc544\uc788\ub358 8.2\uc5b5 \uc6d0 \uaddc\ubaa8\uc758 \ub2e8\uae30\ucc28\uc785\uae08\uc744 2025\ub144 \uc911 \uc804\uc561 \uc0c1\ud658\ud558\uc5ec, \ub9ac\uc2a4\ubd80\ucc44(\uc57d 3,450\ub9cc \uc6d0) \uc678\uc5d0\ub294 \ucc28\uc785\uae08\uc774 \uc804\ud600 \uc5c6\ub294 \ubb34\ucc28\uc785 \uad6c\uc870\ub97c \uad6c\ucd95\ud588\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n
      • \ud48d\ubd80\ud55c \ud604\uae08 \uc720\ub3d9\uc131<\/strong>: 2025\ub144 \ub9d0 \uae30\uc900 \ud604\uae08\uc131 \uc790\uc0b0\ub9cc 289.1\uc5b5 \uc6d0<\/strong>\uc5d0 \ub2ec\ud558\uba70, \uc5f0\uac04 40~50\uc5b5 \uc6d0 \uc774\uc0c1\uc758 \uc601\uc5c5 \ud604\uae08\uc744 \uc9c0\uc18d\uc801\uc73c\ub85c \ucc3d\ucd9c\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n

        3. IPO \uacf5\ubaa8 \uacb0\uacfc \ubc0f \uc218\uae09 \ubd84\uc11d (\uc624\ubc84\ud589 \uc810\uac80)<\/h2>\n\n\n\n

        \ud83c\udfaf \uccad\uc57d \ud765\ud589 \uc9c0\ud45c<\/h3>\n\n\n\n
          \n
        • \ud655\uc815 \uacf5\ubaa8\uac00<\/strong>: 12,000\uc6d0<\/strong> (\ud76c\ub9dd\ubc34\ub4dc 10,000\uc6d0 ~ 12,000\uc6d0\uc758 \uc0c1\ub2e8 \ud655\uc815)<\/li>\n\n\n\n
        • \ucd1d \uacf5\ubaa8\uae08\uc561<\/strong>: 192\uc5b5 \uc6d0 (\uc2e0\uc8fc\ubaa8\uc9d1 134\ub9cc \uc8fc + \uad6c\uc8fc\ub9e4\ucd9c 26\ub9cc \uc8fc)<\/li>\n\n\n\n
        • \ub300\ud45c\uc8fc\uad00\uc0ac<\/strong>: \ub300\uc2e0\uc99d\uad8c<\/li>\n\n\n\n
        • \uae30\uad00 \uc218\uc694\uc608\uce21<\/strong>: 1,248.47 : 1<\/strong> (\uad6d\ub0b4\uc678 2,323\uac1c \uae30\uad00 \ucc38\uc5ec, 99.75%\uac00 \uc0c1\ub2e8 \uc774\uc0c1 \uac00\uaca9 \uc81c\uc2dc)<\/li>\n\n\n\n
        • \uc77c\ubc18\ud22c\uc790\uc790 \uccad\uc57d<\/strong>: \ube44\ub840 2,953.64 : 1<\/strong> (\ub2e8\uc21c \ud1b5\ud569 1,477.65 : 1), \uc99d\uac70\uae08 \uc57d 3\uc870 5,464\uc5b5 \uc6d0<\/strong> \uc811\uc218<\/li>\n\n\n\n
        • \uae30\uad00 \uc758\ubb34\ubcf4\uc720\ud655\uc57d \ube44\uc728<\/strong>: \ubc30\uc815 \ubb3c\ub7c9 120\ub9cc \uc8fc \uc911 55.61%(667,294\uc8fc)\uac00 \ub77d\uc5c5\uc744 \ud655\uc57d\ud588\uc2b5\ub2c8\ub2e4. (15\uc77c \ud655\uc57d 45.28%, 6\uac1c\uc6d4 \ud655\uc57d 8.69% \ub4f1)<\/li>\n<\/ul>\n\n\n\n

          \ud83d\udd12 \uc0c1\uc7a5 \ud6c4 \uc720\ud1b5\ubb3c\ub7c9 \uad6c\uc870 (\ucd1d \uc0c1\uc7a5\uc8fc\uc2dd\uc218: 10,020,030\uc8fc)<\/h3>\n\n\n\n

          <\/p>\n\n\n\n

          [\uc0c1\uc7a5 \ud6c4 \uc720\ud1b5\uac00\ub2a5 vs \ub77d\uc5c5 \ubb3c\ub7c9 \ube44\uc911]\n\u25a0 \uc0c1\uc7a5 \ub2f9\uc77c \uc720\ud1b5\uac00\ub2a5 (21.08%)\n\u25a0 3\uac1c\uc6d4 \ubcf4\ud638\uc608\uc218 (2.33%)\n\u25a0 6\uac1c\uc6d4 \ubcf4\ud638\uc608\uc218 (15.30%)\n\u25a0 30\uac1c\uc6d4(2\ub144 \ubc18) \ubcf4\ud638\uc608\uc218 (61.29% - \uc8fc\uacbd\ubbfc \ub300\ud45c)\n<\/code><\/pre>\n\n\n\n
          \uc2dc\uc810<\/strong><\/td>\uc720\ud1b5 \uac00\ub2a5 \uc8fc\uc2dd\uc218<\/strong><\/td>\ub204\uc801 \uc720\ud1b5 \ube44\uc728<\/strong><\/td>\uc8fc\uc694 \ud574\uc81c \ubb3c\ub7c9 \ubc0f \ud2b9\uc9d5<\/strong><\/td><\/tr><\/thead>
          \uc0c1\uc7a5 \ub2f9\uc77c<\/strong><\/sup><\/td>2,112,650\uc8fc<\/strong><\/sup><\/td>21.08%<\/strong><\/sup><\/td>\uacf5\ubaa8\uc8fc\uc8fc(15.97%), \uc18c\uc561\uc8fc\uc8fc(4.19%), \ud22c\uc790\uc870\ud569(0.92%)<\/sup><\/td><\/tr>
          3\uac1c\uc6d4 \ud6c4<\/strong><\/sup><\/td>2,345,800\uc8fc<\/sup><\/td>23.41%<\/sup><\/td>\ub300\uc2e0\uc99d\uad8c \uae30\uc874 \uad6c\uc8fc(18.5\ub9cc \uc8fc) + \uc8fc\uad00\uc0ac \uc758\ubb34\uc778\uc218(4.8\ub9cc \uc8fc)<\/sup><\/td><\/tr>
          6\uac1c\uc6d4 \ud6c4<\/strong><\/sup><\/td>3,878,430\uc8fc<\/sup><\/td>38.71%<\/sup><\/td>\uc784\uc6d0 \ubcf4\uc720\ubd84, \uc790\uc0ac\uc8fc(9.97\ub9cc \uc8fc), \uc8fc\uad00\uc0ac \ucd94\uac00\ucde8\ub4dd\ubd84(1.6\ub9cc \uc8fc)<\/sup><\/td><\/tr>
          30\uac1c\uc6d4 \ud6c4<\/strong><\/sup><\/td>10,020,030\uc8fc<\/sup><\/td>100.00%<\/sup><\/td>\ucd5c\ub300\uc8fc\uc8fc \uc8fc\uacbd\ubbfc \ub300\ud45c \uc9c0\ubd84(6,141,600\uc8fc, 61.29%) \uc804\ub7c9 \ud574\uc81c<\/sup><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
            \n
          • \ub0ae\uc740 \ucd08\uae30 \uc720\ud1b5 \ube44\uc728(21.08%)<\/strong>: \uc2e0\uaddc \uc0c1\uc7a5 \uc885\ubaa9 \uc911\uc5d0\uc11c\ub3c4 \uc720\ud1b5\uc81c\ud55c \ube44\uc728(78.92%)\uc774 \ub9e4\uc6b0 \ub192\uc544 \ucd08\uae30 \uc624\ubc84\ud589 \ubd80\ub2f4\uc774 \uc801\uc740 ‘\ud488\uc808\uc8fc’ \ud615\ud0dc\ub97c \ub771\ub2c8\ub2e4. \uac8c\ub2e4\uac00 \uae30\uad00 \ud655\uc57d\ubd84(\ubc30\uc815\ub7c9\uc758 55.61%)\uc744 \uac10\uc548\ud558\uba74 \uc0c1\uc7a5 \uc9c1\ud6c4 \uc2e4\uc9c8 \uc720\ud1b5 \ubb3c\ub7c9\uc740 15% \uc548\ud30e\uae4c\uc9c0 \ub0ae\uc544\uc9d1\ub2c8\ub2e4.<\/li>\n\n\n\n
          • \ucd5c\ub300\uc8fc\uc8fc\uc758 30\uac1c\uc6d4 \uc790\ubc1c\uc801 \ub77d\uc5c5<\/strong>: \uc8fc\uacbd\ubbfc \ub300\ud45c\ub294 \ubc95\uc815 \uc758\ubb34\ubcf4\uc720 \uae30\uac04(6\uac1c\uc6d4)\uc5d0 \uc790\ubc1c\uc801\uc73c\ub85c 2\ub144\uc744 \ub354\ud574 \ucd1d 2\ub144 6\uac1c\uc6d4\uac04 \ubcf4\uc720 \uc9c0\ubd84(61.29%) \uc804\ub7c9\uc744 \ubcf4\ud638\uc608\uc218<\/strong>\ud558\uba70 \uacbd\uc601 \uc548\uc815\uc131\uc5d0 \ub300\ud55c \ud655\uace0\ud55c \uc2e0\ub8b0\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n
            4. \ud575\uc2ec \ub9ac\uc2a4\ud06c \uc694\uc778<\/h2>\n\n\n\n
            \ud22c\uc790 \ud310\ub2e8 \uc2dc \ubc18\ub4dc\uc2dc \uc9da\uace0 \ub118\uc5b4\uac00\uc57c \ud560 \uc57d\uc810\uacfc \ub9ac\uc2a4\ud06c\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n
              \n
            1. \ud310\uad00\ube44 \ub0b4 \ub192\uc740 \uad11\uace0\uc120\uc804\ube44 \uc9c0\ucd9c<\/strong>\n
                \n
              • \ubbf8\ub514\uc5b4\ucee4\uba38\uc2a4 \ud2b9\uc131\uc0c1 \ub9e4\ucd9c \ud655\ub300\ub97c \uc704\ud574 \uc9c0\uc18d\uc801\uc778 \ub9c8\ucf00\ud305 \uc9d1\ud589\uc774 \ud544\uc218\uc801\uc785\ub2c8\ub2e4. 2025\ub144 \uae30\uc900 \uad11\uace0\uc120\uc804\ube44\ub85c\ub9cc \uc57d 220\uc5b5 \uc6d0<\/strong>\uc744 \uc9c0\ucd9c\ud588\uc2b5\ub2c8\ub2e4 (\uc601\uc5c5\ube44\uc6a9\uc758 \uc57d 37.6%). \ub514\uc9c0\ud138 \uad11\uace0 \ub2e8\uac00 \uc0c1\uc2b9\uc774\ub098 \uc804\ud658\uc728 \uc800\ud558\uac00 \ubc1c\uc0dd\ud560 \uacbd\uc6b0 \uc218\uc775\uc131\uc5d0 \uc9c1\uc811\uc801\uc778 \ud0c0\uaca9\uc744 \uc904 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
              • \ucee4\uba38\uc2a4 \ubd80\ubb38 \ubc0f \ud2b9\uc815 \uce74\ud14c\uace0\ub9ac \uc758\uc874\ub3c4<\/strong>\n
                  \n
                • \ub9e4\ucd9c\uc758 96% \uc774\uc0c1\uc774 \ucee4\uba38\uc2a4 \ubd80\ubb38\uc5d0\uc11c \ubc1c\uc0dd\ud569\ub2c8\ub2e4. \ud2b9\ud788 \uc8fc\ub825\uc778 \ud544\ud130 \uc0e4\uc6cc\uae30(\ub2e5\ud130\ud53c\uc5d8) \ub4f1\uc758 \uc704\uc0dd\u00b7\uc0dd\ud65c\uc6a9\ud488 \uc2dc\uc7a5\uc740 \uc9c4\uc785 \uc7a5\ubcbd\uc774 \ub0ae\uc544 \ubbf8\ud22c(Me-too) \uc0c1\ud488 \ucd9c\uc2dc \ubc0f \uac00\uaca9 \uacbd\uc7c1\uc774 \uce58\uc5f4\ud574\uc9c8 \uc704\ud5d8\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                • \uc0c1\uc7a5 3\uac1c\uc6d4 \ucc28 \uc624\ubc84\ud589(\ub300\uc2e0\uc99d\uad8c \ubcf4\uc720 \uc9c0\ubd84)<\/strong>\n
                    \n
                  • \uc0c1\uc7a5\uc8fc\uc120\uc778\uc778 \ub300\uc2e0\uc99d\uad8c\uc740 \uc0c1\uc7a5 \uc804 \ucde8\ub4dd\ud55c \ubcf4\ud1b5\uc8fc 185,150\uc8fc(\ucde8\ub4dd\uac00 5,400\uc6d0 \uc218\uc900, \uc9c0\ubd84\uc728 1.85%)\uc640 \uc0c1\uc7a5\uaddc\uc815\uc5d0 \ub530\ub978 \uc758\ubb34\uc778\uc218\ubd84 48,000\uc8fc\ub97c \ubcf4\uc720\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4[cite: 1]. \uacf5\ubaa8\uac00(12,000\uc6d0) \ub300\ube44 \ud3c9\uac00 \ucc28\uc775\uc774 \ud06c\uae30 \ub54c\ubb38\uc5d0, 3\uac1c\uc6d4 \uc758\ubb34\ubcf4\uc720 \uae30\uac04\uc774 \uc885\ub8cc\ub41c \ud6c4 \ucc28\uc775 \uc2e4\ud604 \ubb3c\ub7c9\uc774 \ucd9c\ud68c\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4[cite: 1].<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n
                    5. \ud5a5\ud6c4 \uc804\ub9dd \ubc0f \uc131\uc7a5 \uc804\ub7b5<\/h2>\n\n\n\n
                    \uc640\uc774\uc988\ud50c\ub798\ub2db\ucef4\ud37c\ub2c8\ub294 \uc774\ubc88 IPO\ub97c \ud1b5\ud574 \uc720\uc785\ub41c \uc21c\uacf5\ubaa8\uc790\uae08\uc744 \ubc14\ud0d5\uc73c\ub85c \uc131\uc7a5 \uac00\uc18d\ud654\uc5d0 \ub098\uc12d\ub2c8\ub2e4<\/sup>.<\/p>\n\n\n\n
                      \n
                    • \uacf5\ubaa8\uc790\uae08 192\uc5b5 \uc6d0\uc758 \uad6c\uccb4\uc801 \ubc30\ubd84<\/strong>:\n
                        \n
                      • \uc2dc\uc124\uc790\uae08 (45\uc5b5 \uc6d0)<\/strong>: \uc790\uccb4 \ubb3c\ub958\uc13c\ud130 \ud655\ucda9 \ubc0f \uc0dd\uc0b0\u00b7\ud3ec\uc7a5 \uc790\ub3d9\ud654 \uc778\ud504\ub77c \uad6c\ucd95<\/li>\n\n\n\n
                      • \uc6b4\uc601\uc790\uae08 (75.9\uc5b5 \uc6d0)<\/strong>: \uc2e0\uaddc \uce74\ud14c\uace0\ub9ac(\ubdf0\ud2f0\/\uc2ac\ub9bd\ucf00\uc5b4) R&D \ubc0f \uae00\ub85c\ubc8c \ube0c\ub79c\ub4dc \ub9c8\ucf00\ud305<\/li>\n\n\n\n
                      • \ud0c0\ubc95\uc778 \uc99d\uad8c \ucde8\ub4dd\uc790\uae08 (30\uc5b5 \uc6d0)<\/strong>: \uc2dc\ub108\uc9c0\ub97c \ub0bc \uc218 \uc788\ub294 \uc720\ub9dd D2C \ube0c\ub79c\ub4dc \ubc0f \uc81c\uc870\uc0ac M&A<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                      • \uae00\ub85c\ubc8c D2C \uc2dc\uc7a5 \uc9c4\ucd9c \ubcf8\uaca9\ud654<\/strong>:\n
                          \n
                        • \uc774\ubbf8 \ubbf8\uad6d, \uc77c\ubcf8, \ub300\ub9cc, \uc2f1\uac00\ud3ec\ub974 \ub4f1\uc5d0\uc11c \ud604\uc9c0 \ud1b5\ud654 \uae30\ubc18 \ub9e4\ucd9c\uc774 \ubc1c\uc0dd\ud558\uae30 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4. K-\ubdf0\ud2f0 \ubc0f \uc704\uc0dd\uc6a9\ud488 \uc218\uc694\uac00 \ub192\uc740 \uc77c\ubcf8\uacfc \ubd81\ubbf8\ub97c \uc911\uc2ec\uc73c\ub85c \ud574\uc678 \uc790\uc0ac\ubab0 \uad6c\ucd95\uacfc \uc624\ud508\ub9c8\ucf13 \ud655\uc7a5\uc744 \uc9c4\ud589\ud560 \uacc4\ud68d\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
                        • \u2018\ube0c\ub79c\ub4dc \ube4c\ub354\u2019\ub85c\uc758 \ud3ec\uc9c0\uc154\ub2dd \uac15\ud654<\/strong>:\n
                            \n
                          • \ub2e8\uc21c \uc720\ud1b5\uc744 \ub118\uc5b4 \uc790\uccb4 \ud604\uae08(289\uc5b5 \uc6d0)\uacfc \uacf5\ubaa8\uc790\uae08\uc744 \ud569\uccd0 300\uc5b5 \uc6d0 \uc774\uc0c1\uc758 \uc2e4\ud0c4\uc744 \ud655\ubcf4\ud55c \ub9cc\ud07c, \uc2e0\uaddc \ube0c\ub79c\ub4dc \uc778\uc218 \ubc0f \uc778\ud050\ubca0\uc774\ud305\uc744 \ud1b5\ud574 \u2018\ube0c\ub79c\ub4dc \uc560\uadf8\ub9ac\uac8c\uc774\ud130\u2019 \ubaa8\ub378\uc744 \uacf5\uace0\ud788 \ud560 \uac83\uc73c\ub85c \uae30\ub300\ub429\ub2c8\ub2e4.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
                            \ud83d\udca1 \ucd5c\uc885 \uc694\uc57d & \ud55c \uc904 \ud3c9<\/h2>\n\n\n\n
                              \n
                            • \uc7a5\uc810<\/strong>: \uc5f0 600\uc5b5 \uc6d0\ub300 \ub9e4\ucd9c\uc5d0 9% \ud6c4\ubc18\ub300 \uc601\uc5c5\uc774\uc775\ub960, \ucc28\uc785\uae08 0\uc6d0 & \ud604\uae08 289\uc5b5 \uc6d0<\/strong>, \uc0c1\uc7a5 \ub2f9\uc77c \uc720\ud1b5\ubb3c\ub7c9 21.08% \ubc0f \ub300\ud45c\uc774\uc0ac 30\uac1c\uc6d4 \ub77d\uc5c5<\/strong>[cite: 1].<\/li>\n\n\n\n
                            • \uc8fc\uc758\uc810<\/strong>: \ub192\uc740 \uad11\uace0\ube44 \uc9d1\ud589\ub960, \uc0dd\ud65c\uc6a9\ud488 \ud2b8\ub80c\ub4dc \ubcc0\ud654 \ubbfc\uac10\ub3c4, 3\uac1c\uc6d4 \ub4a4 \uc8fc\uad00\uc0ac \ubcf4\uc720 \uc9c0\ubd84 \uc624\ubc84\ud589[cite: 1].<\/li>\n<\/ul>\n\n\n\n
                              \n
                              \ud55c \uc904 \ud3c9<\/strong>:<\/p>\n\n\n\n
                              \ud0c4\ud0c4\ud55c \ubb34\ucc28\uc785 \uc7ac\ubb34 \uad6c\uc870\uc640 \uc555\ub3c4\uc801\uc778 D2C \ub9c8\ucf00\ud305 \uc5ed\ub7c9\uc744 \uac16\ucd98 \uc2e4\uc801\uc8fc. \ub2e8\uae30 \uc218\uae09\uc5d0 \ub530\ub978 \ubcc0\ub3d9\uc131\uc744 \uacbd\uacc4\ud558\ub418, \uc2e0\uaddc \uce74\ud14c\uace0\ub9ac \uc548\ucc29\uacfc \uae00\ub85c\ubc8c \ud655\uc7a5\uc774 \uac00\uc2dc\ud654\ub418\ub294\uc9c0 \uc911\uc7a5\uae30 \uad00\uc810\uc5d0\uc11c \ucd94\uc801\ud560 \ub9cc\ud55c \uae30\uc5c5\uc785\ub2c8\ub2e4.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"
                              \ud544\ud130 \uc0e4\uc6cc\uae30 \u2018\ub2e5\ud130\ud53c\uc5d8(Dr.Piel)\u2019, \uafc0\uc7a0 \ud1a0\ud37c\ub85c \uc798 \uc54c\ub824\uc9c4 \u2018\ub204\uc7a0(Noojam)\u2019, \uadf8\ub9ac\uace0 \ub2e4\ud06c\uc11c\ud074 \ucf00\uc5b4\ub85c \uc785\uc18c\ubb38\uc744 \ud0c4 \u2018\uc544\uc774\ub808\ub180(Eyelenol)\u2019. \uc77c\uc0c1\uc5d0\uc11c \ud55c \ubc88\ucbe4 \uc811\ud574\ubcf8 \uba54\uac00 \ud788\ud2b8 […]<\/p>\n","protected":false},"author":1,"featured_media":272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5"],"_links":{"self":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts\/268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/comments?post=268"}],"version-history":[{"count":1,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts\/268\/revisions"}],"predecessor-version":[{"id":274,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/posts\/268\/revisions\/274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/media\/272"}],"wp:attachment":[{"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/media?parent=268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/categories?post=268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fosstree.com\/wp-json\/wp\/v2\/tags?post=268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}