$BF|4ZAE@G>rLs$N35MW(B 
 
$B2~@5$5$l$?4Z9q$HF|K\$N4V$G$NAE@G>rLs$O(B1999$BG/(B11$B7n(B22$BF|H/8z$5$l!"86B'E*$K(B2000$BG/(B1$B7n(B1$BF|0J8e3+;O$5$l$k2]@GG/EY$N=jF@(B($B8;@tD'<}BP>]=jF@$O(B2000$BG/(B1$B7n(B1$BF|0J8e;Y5k$5$l$k=jF@(B)$B$+$iE,MQ$9$k$3$H$H$J$C$F$$$^$9!#$$$o$f$k(BOECD MODEL$B$r:NMQ$7!"=>Mh$NAm3[rLs$O0lHLE*$K=jF@$N9q$N9qFbK!$KM%@h$5$l$kF|4ZAE@G>rLs$N
 
 
1$B!#@)8B@GN((B
 
$BMx;R!&G[Ev!&;HMQNA=jF@$KBP$9$k8;@tD'<}$N@GN($O4Z9q$HF|K\$N9qFbK!$K$b$*$N$*$NDj$a$,$"$j$^$9$,rLs>e$N@)8B@GN($h$j9b$$@GN($G8;@tD'<}$9$k$3$H$O$G$-$^$;$s!#(B

 
1) $BMx;R=jF@(B : 10 %
2) $BG[Ev=jF@(B : $BBg3te$N3t(B : 15%
3) $B;HMQNA=jF@(B : 10%
 
 
2$B!#915WE*;\@_(B($B8GDj;v6H>l(B)
 
$B915WE*;\@_(B($B8GDj;v6H>l(B)$B$H$O;v6H$,9T$o$l$k0lDj$N>l=j$G!"F|4ZAE@G>rLs$NeB8B3$9$k7z@_8=>l$J$I$b915WE*;\@_(B($B8GDj;v6H>l(B)$B$H8+$J$5$l$^$9!#(B $B$b$7AE@G>rLs$N>rLs$H9qFbK!5,Dj$,6%9g$9$k>l9g$K$O>rLs$,M%@hE*$KE,MQ$5$l$^$9!#4Z9q$G$O=jF@@G$HK!?M@G$K!V9qFb;v6H>l!W$H$$$&L>$G>rLs$H$[$\F1$8FbMF$,5,Dj$5$l$F$$$^$9!#(B
 
1) $B4IM}$N>l=j(B
2) $B;YE9(B
3) $B;vL3=j(B
4) $B9)>l(B
5) $B:n6H>l(B
6).$B9[;3!&L}ED!&%,%90f!&:N@P>l(B $BKt$O(B $B$=$NB>(B $BE7A3;q8;$N(B $B:Nl=j(B
 
 
3$B!#C;4|BZN1
 
$Br7o$r=
 
1) ($B4Z9q$G$N(B)$BBZ:_4|4V$,$=$NG/$rDL$8$F9g7W(B183$BF|$rD6$($J$$$3$H(B
2) $B5kM?$N;YJ'
3) $B5kM?$N;YJ'l9g!"Ev3:5kM?$,;YE9$J$I$NIiC4$H$5$l$J$$$3$H(B
 
 
 
 
$B#4!%5o=;
 
$B#1!K5o=;
 
$B0lHL86B'$GAE@G>rLs$ON>DyLs9q$N9qFbK!$h$jM%@h$5$l$^$9$,4ZF|(B($BF|4Z(B)$BAE@G>rLs>e(B($BBh(B4$B>r(B)$B!"5o=;9q$N9qFbK!$rB:=E$9$k$3$H$K$J$C$F$$$^$9!#$?$@$7!"$"$kl9g(B($BFs=E5o=;r9`$K$h$k$H(B
 
$B-!915WE*=;5o$NM-L5(B
$B-"=EMW$JMx324X78$NCf?4$N>l=j(B
$B-#>oMQ$N=;5o$NM-L5(B
$B-$G<@G
 
$B$$$:$l$+$N5o=;
$BFs=E5o=;9q6&$KK\E9EP5-@)EY$r;}$C$F$$$k4Z9q$HF|K\$N4V$GK!?M$NFs=E5o=;
 
 
$B#2!KF|K\$N9qFbK!(B
 
$BF|K\$N=jF@@G>e!"5o=;e5o=j$rM-$9$k8D?M$r8@$$$^$9!#5o=;e$N3$306PL3$rL?$<$i$l$?F|K\?MeGI8/$5$l$?309q?M
$B$?$@$7!"H=Dj$NFCNc$K$h$C$F8xL30w$O0lG/0J>e3$306PL3$7$F$b!"F|K\$K=;=j$rM-$9$k$b$N$H$5$l!"5o=;
 
 
$B#3!K4Z9q$N9qFbK!(B
$B4Z9q$N=jF@@G$G$b!"5o=;e5o=j$rCV$$$?8D?M$H$J$C$F$$$^$9!#F|K\$N5,Dj$H$[$\F1$8$G$9!#(B $B$G$bH=Dj$NFCNc(B($BBgE}NNNaBh(B3$B>r(B)$B$G$O8xL30w$@$1$G$J$/4Z9q4k6H$N915WE*;\@_(B($B9q30;v6H>l(B)$B$J$I$KGI8/$5$l$?Lr0w$d?&0w$OGI8/4|4V$,0lG/0J>e$G$"$C$F$b5o=;CO$,$"$j$^$9!#(B $B4Z9q$G$O1J=;
 
 
$B!ZJd=<(B $B![309qG
 
$B0l!#35MW(B
 
$B309q(B($BGl9g(B $BF|K\$N@G3[$r7W;;$9$k;~!"4Z9q$GG
 
 
$BFs!#309q@G3[95=|$N
 
$B#1!#D>@\309q@G3[95=|(B
 
$BD>@\309q@G3[95=|$H$O!"3$30$+$i@\GrLs$G$O!"N>9q$N9qFbK!$K$h$C$F7W;;$5$l$?E,@Z$J8BEY3[0JFb$GD>@\309q@G3[95=|$rA43[G'$a$F$$$^$9!#(B
 
 
$B#2!#4V@\309q@G3[95=|(B
 
$B4k6H$,3$30$K?J=P$9$k7ABV$K$O3$30$K;YE9$r@_$1$kJ}K!$H;R2qDj$9$l$PK\E9$H?F2qr7o$rK~$7$?B92qJN,$7$^$9!#(B $BF|4ZAE@G>rLs$G$O!"F|K\$N?F2qeJ]M-$9$k>l9g$d4Z9q$N?F2qeJ]M-$9$k>l9g$K8B$C$F4V@\309q@G3[95=|$r5vMF$9$k$3$H$H$7$F$$$^$9!#(B
 
3$B!#8+$J$7309q@G3[95=|(B (Tax Sparing Credit)
 
$B4Z9q$N@GK!$K$O309q4k6H$NM6CW$N$?$a!"309q4k6H$NFCDj$N=jF@$KBP$9$kMM!9$JAE@G$N8:LH5,Dj$,8+$i$l$^$9!#$H$3$m$,!"$3$N$h$&$J8:LHA
$B$3$l$rJd$&$?$a$K4ZF|AE@G>rLs$G$O4Z9q$K?J=P$7$?F|K\$N4k6H$,F|K\$G$N309q@G3[95=|$NE,MQ$K:]$7$F2>$K4Z9q$NAE@G$N8:LHA@\@G3[95=|$N$_$J$i$:4V@\@G3[95=|$bBP>]$K$J$j$^$9!#(B
 
 
$B;0!#95=|$N;EAH$_(B
 
$BF|K\$G$OFb9qK!?M(B($B5o=;e$N309q@G3[95=|$r>\$7$/@bL@$9$kI,MW$,$"$j$^$9!#(B
 
1$B!#F|K\$N@GK!(B
1) $B95=|$NJ}K!(B ($BBr0l(B)
 
$BF|K\$NFb9qK!?M$N@G3[$r7W;;$9$k$KEv$?$C$F95=|BP>]$K$J$k309qK!?M@G$,$"$k>l9g$K$O95=|8BEY3[$r8BEY$H$7(B,$B3F;v6HG/EY$N=jF@$KBP$9$kK!?M@G3[$+$i95=|$9$k$3$H$,$G$-$^$9$,(B($BF|K\K!K!Bh(B69$B>r(B)$B!"K!?M$NA*Br$K$h$j!"309q@G3[$r2]@G=jF@$N7W;;>eB;6b(B($B8D?M$N>l9g$K$OI,MW7PHq(B)$B;;F~$bG'$a$i$l$^$9!#(B $B95=|BP>]$K$J$k309q@G3[$OD>@\309q@G3[!"4V@\309q@G3[!"8+$J$7309q@G3[$r$R$H$^$H$a$K$7$?6b3[$G$9!#$3$N0l3g$7$?309q@G3[$H95=|8BEY3[$H$,Hf$Y$i$l$k$o$1$G$9!#(B
 
 
2) $B309q@G3[95=|$N8BEY3[(B($BF|K\K!NaBh(B142$B>rBh(B1$B9`(B)
$B309q@G3[95=|$N8BEY$O

$B@G3[95=|8BEY3[(B
=
$BEv4|$NK!?M@G3[(B($B-5(B)
$B!_(B
$B9q30=jF@6b3[(B($B-7(B)
$BEv4|$N(B($BA4@$3&(B)$B=jF@6b3[(B($B-6(B)
 

$B$3$3$G(B($B-5(B)$B$NEv4|$NA4@$3&=jF@$K4pK\@GN($N$_$r>h$8$F;;Dj$7$?6b3[$G@G3[95=|$r9T$&A0$N6b3[$G$"$j$^$9!#(B($BF|K\K!Na(B142$B-!(B)
($B-6(B)$B$NEv4|$N=jF@6b3[$O4pK\E*$K$OEv4|$NK!?M@G$N2]@GI8=`$G$"$kEv4|$N=jF@6b3[$G$"$j$^$9$,!"0[$k$N$O!"7+1[7gB;$r95=|$7$J$$$G;;Dj$9$k$3$H$G$"$j$^$9!#(B ($B-7(B)$B$N9q30=jF@6b3[$O9q308;@t=jF@$K$D$$$FF|K\$NK!?M@G$r2]$9$b$N$H$7$?>l9g$K2]@GI8=`$H$J$k$Y$-Ev4|$N=jF@6b3[$G$"$j$^$9!#(B($BF|K\K!K!(B69$B-!!"K!Na(B142$B-#(B) $B4Z9q$G?=9p$7$?2]@GI8=`$H$O>l9g$K$h$C$F$OA4$/0[$k$b$N$G$"$j$^$9!#$?$@$7!"9q30=jF@6b3[$N$&$A$K8=CO9q$G309qK!?M@G$,2]$5$l$J$$=jF@$,4^$^$l$F$$$k>l9g$O!"Hs2]@G=jF@$K78$k=jF@6b3[$N(B3$BJ,$N(B2$B$O=|30:~$k$3$H!"$^$?!">e8B5,@)(B($BEv4|$N=jF@6b3[$N(B90%$BKt$O9q30;HMQ?M3d9g$r>h$8$?6b3[$N$$$:$l$+Bg$-$$6b3[$r;}$C$FEv4|$N9q30=jF@6b3[$N>e8B$H$9$k(B)$B$,$"$j$^$9!#(B $B4v$D$+$N9q$+$i9q30=jF@6b3[$,H/@8$9$k>l9g$K$O0l3g7W;;$7$F9q30=jF@6b3[$r5a$a$k$3$H$J$N$G7gB;$rDL;;$9$k7k2L$K$J$j$^$9!#(B $B$J$*!"COJ}@G$K$D$$$F$b0lDj$N95=|8BEY3[$NHO0OFb$G$N309q@G3[95=|$,9T$o$l$^$9!#(B

3) $B309q@G3[95=|$NE,MQ;~4|(B
$B309q@G3[95=|$O!"K!?M$,309qK!?M@G$rGl9g$r9M$($F8+$^$7$g$&!#$3$3$G4Z9q$G$O;HMQNA$r(BA$Bl9g(B10$BK|1_$N8;@tD'<}@G3[$r95=|$7$F(B90$BK|1_$,(BA$B
$B$3$N>l9g$K$O;HMQNA$rl9g$K$O;YE9$N;v6HG/EY$HK\E9$N;v6HG/EY$,0lCW$7$J$$$+$bCN$l$^$;$s$7!"F1$8(B12$B7n(B31$BF|$K;v6HG/EY$,=*$k4k6H$G$"$C$F$bF|K\$NK!?M@G?=9p4|8B$O(B2$B7nKv$G(B($B=jF@@G$O(B3$B7n(B15$BF|(B)$B$G!"4Z9q$NK!?M@G?=9p4|8B$O(B3$B7nKv(B($B=jF@@G$O(B5$B7n(B31$BF|(B)$B$G$9$+$iI,$:$7$b4|4VE*$KBP1~$9$k$H$O8@$($^$;$s!#(B
 
 
4) $B7+1[95=|(B
 
$B>e$G@bL@$7$?$h$&$KGe2s$k$3$H$H$J$j$+$M$^$;$s!#$b$A$m$s$=$NH?BP$b2DG=$G$9!#$3$N$h$&$J309q@G3[$NGM53[$NMb4|0J9_(B3$BG/4V$N7+1[$r9T$&@)EY$G$9!#(B
 
 
2$B!#4Z9q$N@GK!(B
 
 
1) $B95=|$NJ}K!(B ($BBr0l(B)
 
$B-!(B $B8BEY3[$NHO0OFb$G@G3[$+$i:90z$/J}K!(B
$B-"(B $B=jF@$N7W;;>eB;6b;;F~$9$kJ}K!(B
 
2) $B309q@G3[95=|$N8BEY3[(B
 
$B309q@G3[8BEY3[(B = $B;;=P@G3[(B $B!_(B ($B9q308;@t=jF@!?Ev3:;v6HG/EY$N2]@GI8=`(B)
 
$B9q308;@t=jF@$,(B2$B%v9q0J>e$N9q2H$GH/@8$9$k>l9g$K$O9q2HJL$K6hJ,$7$F7W;;$9$kJ}K!(B($B9qJL8BEY@)(B)$B$H9q2HJL$K6hJ,$7$J$$$G$R$H$^$H$a$K$7$F7W;;$9$kJ}K!(B($B0l3g8BEY@)(B)$B$+$iA*Br$9$k$3$H$,$G$-$^$9!#(B
 
3) $B309q@G3[95=|$NE,MQ;~4|(B
 
$BEv3:9q308;@t=jF@$,2]@GI8=`$K;;F~$5$l$F$$$k;v6HG/EY$N@G3[$+$i95=|$7$^$9!#(B
4) $B7+1[95=|(B
 
$B309qGe2s$k>l9g!"$=$ND62a6b3[$OMb4|0J9_(B5$BG/4V95=|$9$k$3$H$,$G$-$^$9!#(B

 
$B!ZJd=<(B $B![M-2A>Z7t>yEO=jF@(B
 
1$B!#2]@GBP>](B
 
$B7kO@$+$i8@$C$F4Z9q$NFb9qK!?M$NH/8z:Q$_3t<0?t$N(B25%$B0J>e$rJ]M-$7$F$$$k(B$BF|K\$NEj;q2H$,$=$NH/8z:Q$_3t<0?t$N(B5%$B0J>e$rF1$82]@GG/EY$N$&$A(B$BGd$j=P$7$?>l9g$K$O4Z9q$G2]@G$5$l$^$9!#(B $B$?$@$7!"yEO$O;}$A3tN($r(B$BLd$o$:4Z9q$G2]@G$G$-$^$9!#(B($BF|4ZAE@G>rLs(B $BBh(B13$B>r(B) $BrLs$G(B$BDj5A$5$l$F$$$J$$$N$G4Z9q$N9qFbK!$N5,Dj$rE,MQ$7$^$9$,;q;:Am3[$G(B$BITF0;:$N3d9g$,(B50%$B0J>e$NK!?M$N3t<0$J$I$r;X$7$^$9!#(B($B=jF@@GK!Bh(B94$B>rBh(B1$B9`(B) 25%$B$N;}$AJ,N($O2]@G4|4VCf$:$C$HJ]M-$9$kI,MW$O$J$/!"(B$BF1$82]@GG/EYCf0l2s$G$b(B25%$B$rD6$($?$3$H$,$"$l$P2]@GBP>]$K$J$j$^$9!#(B$B$b$A$m$sFC
 
2$B!#2]@GJ}K!(B
 
1) $B915WE*;\@_(B($B9qFb;v6H>l(B)$B$N$"$k>l9g(B
 
$BEv3:M-2A>Z7t>yEO=jF@$,9qFb;v6H>l$K5"B0$9$k>l9g$K$O$[$+$N=jF@$H9g;;$7$F(B$B?=9pGl$Hl9g$K$O(B$B8;@tD'<}$5$l$k$3$H$GG<@G5AL3$,=*7k$5$l$^$9(B. $B$3$N;~2<$G@bL@$9$k(B$B8;@tD'<}@G3[AjEv3[$N?=9pG
 
2) $B915WE*;\@_(B($B9qFb;v6H>l(B)$B$N$J$$>l9g(B
 
$B8;@tD'<}$GG<@G5AL3$,=*$j$^$9(B.
$B$?$@$7F1$8Fb9qK!?M$N3t<0$J$I$rF10l;v6HG/EY$K(B2$B2s0J>e>yEO$9$k$3$H$K$h$C$F(B$BAE@G>rLs$GDj$a$?2]@G5,=`$r=yEOEv;~8;@tD'<}$5$l$J$+$C$?(B$B=jF@$KBP$9$k8;@tD'<}@G3[AjEv3[$r>yEOF|$NB0$9$k2]@GG/EY$N=*N;F|$+$i(B3$B%v7n0JFb$K?=9pG$B8;@tD'<}$5$l$k@G3[$O<}F~6b3[$N(B10%$B$H(B($B<}F~6b3[!<yEOHqMQ(B)$B!_(B25%$B$N(B$B$&$A>/$J$$$b$N$H$7$^$9!#(B
$B@G3[$r7W;;$9$k;~!"yEOHqMQ$ONN<}=q$J$I$K$h$C$F3NG'$5$l$?6b3[$G(B$B7h$^$j$^$9$,l9g$NCMCJ$O0\F0J?6QK!$rE,MQ$7$F;;Dj$7$^$9!#(B$B<}F~6b3[$r;;Dj$9$k$H$-!"o2A3J!W$r2<2s$k>l9g$d(B$BFCl9g$K$O@5>o2A3J$rEv3:<}F~6b3[$H$7$^$9!#(B $B@5>o2A3[$H$O0\E>2A3J2]@G$N:];H$o$l$k35G0$G!"$$$/$D$+$N7W;;J}K!$,(B$B$"$j$^$9$,4pK\E*$J9M$(J}$O!VFCN)4k6H2A3J(B(Arm's length price)$B!W$N$3$H$G(B$BFC$B6qBNE*$J;;DjJ}K!$O!V9q:]AE@GD4@0$K4X$9$kK!N'!W$G@bL@$7$F$$$^$9!#(B$BFC$B$@$HM}2r$7$F$$$?$@$-$?$$$H;W$$$^$9!#(B $B>yEO:9B;$H>yEO:91W$ODL;;$7$J$$$G>yEO:91W$N$_$KBP$7$F2]@G$9$k$3$H$H$J$C$F$$$^$9!#(B

 
3$B!#>Z7t
 
$B>Z7trLs$NBP>]@GL\$G$J$$$N$G4Z9q$NFb9qK!$K$h$C$F5o=;$BHs5o=;Z7t$Bl9g$r=|$/(B)$B$r>yEOF|$NB0$9$k7n$NMb7n(B10$BF|$^$G(B$B?=9pG
 
1999 @ Mr. Shin Tax And Accounting Services All rights reserved, Tel 82-2-2676-7450, shk@kankoku.co.kr