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<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 11pt">cj오쇼핑(035760)기업분석</SPAN></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"></SPAN></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: #444444; FONT-SIZE: 11pt">서울 서초구 과천대로 870-13 </SPAN></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"></SPAN></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: #444444; FONT-SIZE: 11pt">종합유선방송사업,광고영화프로그램 제작,공급,홈쇼핑</SPAN></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"></SPAN></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"></SPAN></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: #444444; FONT-SIZE: 11pt">최대주주:cj(40%) 국민연금(8%) </SPAN></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"></SPAN></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"><SPAN style="COLOR: #444444; FONT-SIZE: 11pt">대표이사:변동식 운봉</SPAN><SPAN style="COLOR: #444444; FONT-SIZE: 11pt">고등학교 인하대 졸업</SPAN></SPAN></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"></SPAN></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT size=2 face="맑은 고딕"><SPAN style="COLOR: red; FONT-SIZE: 16pt"></SPAN></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><SPAN style="COLOR: red"><FONT size=2><SPAN style="FONT-SIZE: 11pt">*</SPAN></FONT></SPAN><SPAN style="COLOR: red"><FONT size=2><SPAN style="FONT-SIZE: 11pt">요약재무제표</SPAN></FONT></SPAN></FONT></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT>
<TABLE style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; LETTER-SPACING: normal; BORDER-COLLAPSE: collapse; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" class=MsoTableLightListAccent5 border=1 cellSpacing=0 cellPadding=0>
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<TD style="BORDER-BOTTOM: rgb(75,172,198) 1pt solid; BORDER-LEFT: rgb(75,172,198) 1pt solid; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 1.6; PADDING-LEFT: 5.4pt; WIDTH: 461.2pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: gulim; BACKGROUND: rgb(75,172,198); COLOR: rgb(68,68,68); FONT-SIZE: 9pt; BORDER-TOP: rgb(75,172,198) 1pt solid; BORDER-RIGHT: rgb(75,172,198) 1pt solid; PADDING-TOP: 0cm" vAlign=top width=615><FONT color=#000000 size=3 face=굴림></FONT>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000><SPAN style="FONT-SIZE: 11pt"> 매출액과 영업이익에는 큰 차이가 없으나 영업이익율은 감소중.</SPAN></FONT></SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000></FONT></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; COLOR: #000000; FONT-SIZE: 11pt">적립금 충당률( 60%→90%) 변경으로 영업이익률 하락</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000><SPAN style="FONT-SIZE: 11pt">그럼에도 불구하고 cj오쇼핑 주가가 그동안 큰 상승을 기록하였다.</SPAN></FONT></SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000><SPAN style="FONT-SIZE: 11pt">지금 하락은 그 거품이 빠지는 과정으로 판단된다.</SPAN></FONT></SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000><SPAN style="FONT-SIZE: 11pt">부채비율은 150%가 넘는 수준이나 뛰어난 수익으로 이자비용 이상의 수익가능</SPAN></FONT></SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000></FONT></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000><SPAN style="FONT-SIZE: 11pt">자산가치는 13만원 정도를 형성하고 있어 지금도 저평가 영역은 아니다.</SPAN></FONT></SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-FAMILY: 돋움; FONT-SIZE: 11pt"><FONT color=#000000></FONT></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P></TD></TR></TBODY></TABLE></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 11pt"> </SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN><A style="BORDER-BOTTOM: rgb(132,0,0) 1px dashed; COLOR: rgb(68,68,68); TEXT-DECORATION: none" href="http://cafe.daum.net/_c21_/bbs_list?grpid=5HIJ&fldid=Lcnu" target=_blank><U><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN style="FONT-SIZE: 11pt">시장을 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN style="FONT-SIZE: 11pt">뒤흔들 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN style="FONT-SIZE: 11pt">테마주 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN style="FONT-SIZE: 11pt">미리보기☞</SPAN></SPAN></B></U></A></SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><B><SPAN style="COLOR: red; FONT-SIZE: 12pt"></SPAN></B></FONT><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><B><SPAN style="COLOR: red; FONT-SIZE: 11pt">@</SPAN></B><B><SPAN style="COLOR: red; FONT-SIZE: 12pt"><SPAN style="FONT-SIZE: 11pt">요약</SPAN><SPAN style="FONT-SIZE: 11pt">—낙폭과대 국면에 진입</SPAN></SPAN></B></FONT></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="COLOR: black; FONT-SIZE: 10.5pt"><FONT face="맑은 고딕"><SPAN style="FONT-SIZE: 11pt"> </SPAN></FONT></SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT>
<TABLE style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; LETTER-SPACING: normal; BORDER-COLLAPSE: collapse; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" class=MsoTableMediumGrid3Accent5 border=1 cellSpacing=0 cellPadding=0>
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<TR>
<TD style="BORDER-BOTTOM: white 3pt solid; BORDER-LEFT: white 1pt solid; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 1.6; PADDING-LEFT: 5.4pt; WIDTH: 461.2pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: gulim; BACKGROUND: rgb(214,227,188); COLOR: rgb(68,68,68); FONT-SIZE: 9pt; BORDER-TOP: white 1pt solid; BORDER-RIGHT: white 1pt solid; PADDING-TOP: 0cm" vAlign=top width=615><FONT color=#000000 size=3 face=굴림></FONT>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN><FONT color=#000000 size=2 face="맑은 고딕"><SPAN style="FONT-SIZE: 11pt"> </SPAN></FONT></SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">주가급락의 이유는?</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt"></SPAN></B> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">1)납품비리 파문으로 소비자들의 신뢰 추락</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">이것은 시간이 지나면 해결될 문제라 판단된다.</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt"></SPAN></B> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">2)해외직구 인기가 문제</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">해외직구 급증으로 인해 홈쇼핑 판매량 및 수익성 감소위험.</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">이것은 추세이므로 쉽게 되돌리기 어렵다.</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt"></SPAN></B> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">3)제7 홈쇼핑 등장</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><SPAN style="FONT-SIZE: 11pt">중소기업 제품 전용 홈쇼핑을 표방한 제 7 홈쇼핑업체를 내년 6월에 개국할 계획이다.</SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><SPAN style="FONT-SIZE: 11pt"></SPAN> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt"></SPAN></B> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">국내 유통시장은 경제성장률에 못 미치는 저성장 국면에 진입</SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN style="FONT-SIZE: 11pt">홈쇼핑의 성장율도 지속적으로 감소하고 있다. </SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px"><img src="https://t1.daumcdn.net/cfile/cafe/2608BD365464677533" class="txc-image" width="651" height="111" style="WIDTH: 651px; FLOAT: none; HEIGHT: 111px; CLEAR: none" actualwidth="843" data-filename="1.jpg" exif="{}" border="0" hspace="1" vspace="1" id="A_2608BD365464677533139B"/></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><B><SPAN></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P><FONT color=#000000 size=3 face=굴림><SPAN style="FONT-SIZE: 11pt">*유통시장에서 홈쇼핑이 차지하는 비율</SPAN></FONT></P>
<P> </P>
<P style="TEXT-ALIGN: left"><img src="https://t1.daumcdn.net/cfile/cafe/21341737546467BB25" class="txc-image" width="571" style="WIDTH: 571px; FLOAT: none; CLEAR: none" actualwidth="753" data-filename="2.jpg" exif="{}" border="0" hspace="1" vspace="1" height="258" id="A_21341737546467BB252E0A"/></P>
<P> </P>
<P> </P>
<P> </P>
<P><SPAN style="FONT-SIZE: 11pt"><STRONG>모바일 채널의 고성장세 지속과 다양한 사업을 영위하는 그룹사와의 시너지 효과 등 매출 신장 전망</STRONG></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><STRONG></STRONG></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG>정부가 중소기업 제품과 농수산물 판로 확대를 위해 공용 TV홈쇼핑 채널 신설을 결정해 경쟁이 불가피한 상황이다.</STRONG></SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG></STRONG></SPAN></FONT></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG>@반등 가능성은?</STRONG></SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG></STRONG></SPAN></FONT></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><SPAN style="COLOR: #000000"><STRONG>겨울철은 내부활동이 많아 홈쇼핑의 성수기로 분류되는데 단기적 반등은 가능하다 판단된다.</STRONG></SPAN></SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG></STRONG></SPAN></FONT></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG><SPAN><SPAN style="COLOR: #000000">모바일 홈쇼핑에 집중했지만 </SPAN><SPAN style="COLOR: #000000">모바일판매수수료는 TV 수수료(35%)의 절반에도 못 미치는 10% 정도로 알려졌다. TV 부문 매출을 모바일 부문이 가져갈수록 전체 수익은 더 줄어들수밖에 없다.</SPAN></SPAN><BR></STRONG></SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #000000; FONT-SIZE: 11pt">중국시장 개화 및 세계로 진출로 인해 국내시장 위축을 어느정도 커버할 수 있을 것으로 보인다.</SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"></SPAN></FONT></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #000000; FONT-SIZE: 11pt">영업이익 감소중이나 주가가 50%씩 하락하는 것은 과매도로 판단된다</SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"></SPAN></FONT></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG><SPAN style="FONT-SIZE: 12pt">@장기적인 파동의 저점에 위치해 반등가능하다</SPAN></STRONG></SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"></SPAN></FONT></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"></SPAN></FONT></SPAN> </P>
<P style="TEXT-ALIGN: left"><img src="https://t1.daumcdn.net/cfile/cafe/2552FD3754646CB41D" class="txc-image" width="641" height="243" style="WIDTH: 641px; FLOAT: none; HEIGHT: 243px; CLEAR: none" actualwidth="1024" data-filename="1.jpg" exif="{}" border="0" hspace="1" vspace="1" id="A_2552FD3754646CB41D6677"/></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"></SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"></SPAN></FONT></SPAN> </P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG><SPAN style="FONT-SIZE: 18pt">@ 기술적 반등은 27만원 전후까지 가능하다</SPAN></STRONG></SPAN></FONT></SPAN></P>
<P><SPAN style="FONT-SIZE: 11pt"><FONT size=2><SPAN style="COLOR: #ff0000"><STRONG></STRONG></SPAN></FONT></SPAN> </P></TD></TR></TBODY></TABLE></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="COLOR: black; FONT-SIZE: 10.5pt"><FONT face="맑은 고딕"><SPAN style="FONT-SIZE: 11pt"> </SPAN></FONT></SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><B><SPAN style="COLOR: red; FONT-SIZE: 11pt">@</SPAN></B><B><SPAN style="COLOR: red; FONT-SIZE: 11pt">사업내용</SPAN></B></FONT></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 11pt"> </SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><B><SPAN style="COLOR: black; FONT-SIZE: 12pt"><FONT face="맑은 고딕"><SPAN style="FONT-SIZE: 11pt"> </SPAN></FONT></SPAN></B></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><B><SPAN style="COLOR: black; FONT-SIZE: 12pt"><FONT face="맑은 고딕"></FONT></SPAN></B><SPAN style="FONT-SIZE: 11pt"> </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><B><SPAN style="COLOR: black; FONT-SIZE: 12pt"><FONT face="맑은 고딕">
<TABLE border=1 width=658>
<THEAD>
<TR>
<TH height=20 width=106 align=center><SPAN style="FONT-SIZE: 11pt">구 분</SPAN></TH>
<TH height=20 width=453 align=center><SPAN style="FONT-SIZE: 11pt">주요 사업</SPAN></TH>
<TH height=20 width=99 align=center><SPAN style="FONT-SIZE: 11pt">주요 고객</SPAN></TH></TR></THEAD>
<TBODY>
<TR>
<TD height=20 width=106><SPAN style="FONT-SIZE: 11pt">신유통</SPAN></TD>
<TD height=20 vAlign=top width=453><SPAN style="FONT-SIZE: 11pt">홈쇼핑 방송을 통한 상품 등의 매출</SPAN></TD>
<TD height=110 rowSpan=4 width=99><SPAN style="FONT-SIZE: 11pt">개인 및 법인</SPAN></TD></TR>
<TR>
<TD height=20 width=106><SPAN style="FONT-SIZE: 11pt">유선방송업</SPAN></TD>
<TD height=20 vAlign=top width=453><SPAN style="FONT-SIZE: 11pt">케이블TV, 초고속인터넷, 광고 및 기타부가서비스 등의 매출</SPAN></TD></TR>
<TR>
<TD height=20 width=106><SPAN style="FONT-SIZE: 11pt">엔터테인먼트</SPAN></TD>
<TD height=20 vAlign=top width=453><SPAN style="FONT-SIZE: 11pt">자동차 경주 주최, 후원, 운영 및 프로모션업 등</SPAN></TD></TR>
<TR>
<TD height=20 width=106><SPAN style="FONT-SIZE: 11pt">기타</SPAN></TD>
<TD height=20 vAlign=top width=453><SPAN style="FONT-SIZE: 11pt">컨택센터 구축 및 대행사업, 소프트웨어 자문,개발 및 공급사업 등</SPAN></TD></TR></TBODY></TABLE></P>
<P><BR></P></FONT></SPAN></B>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><B><SPAN style="COLOR: black; FONT-SIZE: 12pt"><FONT face="맑은 고딕"></FONT></SPAN></B> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left>시장 점유율 추이
<TABLE border=1 width=622>
<COLGROUP>
<COL width=108></COL>
<COL width=89></COL>
<COL width=85></COL>
<COL width=89></COL>
<COL width=82></COL>
<COL width=89></COL>
<COL width=80></COL></COLGROUP>
<THEAD>
<TR>
<TH height=20 width=622 colSpan=7 align=right>(단위 : 백만원)</TH></TR>
<TR>
<TH height=20 width=108 align=center>구 분</TH>
<TH height=20 width=174 colSpan=2 align=center>2013년</TH>
<TH height=20 width=171 colSpan=2 align=center>2012년</TH>
<TH height=20 width=169 colSpan=2 align=center>2011년</TH></TR></THEAD>
<TBODY>
<TR>
<TD height=20 width=108><SPAN style="COLOR: #000000"><STRONG><SPAN style="COLOR: #ff0000; FONT-SIZE: 11pt">CJ오쇼핑</SPAN></STRONG></SPAN></TD>
<TD height=20 vAlign=top width=89 align=right><SPAN style="COLOR: #000000">1,260,652</SPAN></TD>
<TD height=20 vAlign=top width=85 align=right><SPAN style="COLOR: #000000"><SPAN style="COLOR: #ff0000">27.64</SPAN>%</SPAN></TD>
<TD height=20 vAlign=top width=89 align=right><SPAN style="COLOR: #000000">1,077,330</SPAN></TD>
<TD height=20 vAlign=top width=82 align=right><SPAN style="COLOR: #000000">26.64%</SPAN></TD>
<TD height=20 vAlign=top width=89 align=right><SPAN style="COLOR: #000000">894,724</SPAN></TD>
<TD height=20 vAlign=top width=80 align=right><SPAN style="COLOR: #000000">25.97%</SPAN></TD></TR>
<TR>
<TD height=20 width=108>GS홈쇼핑</TD>
<TD height=20 vAlign=top width=89 align=right>1,041,741</TD>
<TD height=20 vAlign=top width=85 align=right>22.84%</TD>
<TD height=20 vAlign=top width=89 align=right>1,019,568</TD>
<TD height=20 vAlign=top width=82 align=right>25.21%</TD>
<TD height=20 vAlign=top width=89 align=right>906,111</TD>
<TD height=20 vAlign=top width=80 align=right>26.30%</TD></TR>
<TR>
<TD height=20 width=108>현대홈쇼핑</TD>
<TD height=20 vAlign=top width=89 align=right>799,862</TD>
<TD height=20 vAlign=top width=85 align=right>17.54%</TD>
<TD height=20 vAlign=top width=89 align=right>760,489</TD>
<TD height=20 vAlign=top width=82 align=right>18.81%</TD>
<TD height=20 vAlign=top width=89 align=right>711,601</TD>
<TD height=20 vAlign=top width=80 align=right>20.65%</TD></TR>
<TR>
<TD height=20 width=108>롯데홈쇼핑</TD>
<TD height=20 vAlign=top width=89 align=right>773,218</TD>
<TD height=20 vAlign=top width=85 align=right>16.95%</TD>
<TD height=20 vAlign=top width=89 align=right>670,127</TD>
<TD height=20 vAlign=top width=82 align=right>16.57%</TD>
<TD height=20 vAlign=top width=89 align=right>636,015</TD>
<TD height=20 vAlign=top width=80 align=right>18.46%</TD></TR>
<TR>
<TD height=20 width=108>농수산홈쇼핑</TD>
<TD height=20 vAlign=top width=89 align=right>347,135</TD>
<TD height=20 vAlign=top width=85 align=right>7.61%</TD>
<TD height=20 vAlign=top width=89 align=right>308,826</TD>
<TD height=20 vAlign=top width=82 align=right>7.64%</TD>
<TD height=20 vAlign=top width=89 align=right>292,733</TD>
<TD height=20 vAlign=top width=80 align=right>8.50%</TD></TR>
<TR>
<TD height=20 width=108>홈앤쇼핑</TD>
<TD height=20 vAlign=top width=89 align=right>338,239</TD>
<TD height=20 vAlign=top width=85 align=right>7.42%</TD>
<TD height=20 vAlign=top width=89 align=right>207,554</TD>
<TD height=20 vAlign=top width=82 align=right>5.13%</TD>
<TD height=20 vAlign=top width=89 align=right>4,128</TD>
<TD height=20 vAlign=top width=80 align=right>0.12%</TD></TR></TBODY></TABLE></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="COLOR: #ff0000; FONT-SIZE: 12pt">*계열사로 cj헬로비젼을 보유하고 있으며 사업비중은 20% 차지하고 있다. </SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left> </P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN></SPAN> 주요 서비스 실적
<TABLE border=1 width=610>
<COLGROUP>
<COL width=146></COL>
<COL width=93></COL>
<COL width=93></COL>
<COL width=93></COL>
<COL width=93></COL>
<COL width=92></COL></COLGROUP>
<THEAD>
<TR>
<TH height=20 width=610 colSpan=6>(2014.06.30 현재) (단위: 백만원)</TH></TR>
<TR>
<TH height=20 width=146 align=center>채널별</TH>
<TH height=20 width=93 align=center>매출액</TH>
<TH height=20 width=93 align=center>비율</TH>
<TH height=20 width=93 align=center>매출총이익</TH>
<TH height=20 width=93 align=center>비율</TH>
<TH height=20 width=92 align=center>비 고</TH></TR></THEAD>
<TBODY>
<TR>
<TD height=20 width=146>방송판매사업부</TD>
<TD height=20 vAlign=top width=93 align=right>419,585</TD>
<TD height=20 vAlign=top width=93 align=right>63.46%</TD>
<TD height=20 vAlign=top width=93 align=right>339,085</TD>
<TD height=20 vAlign=top width=93 align=right>70.26%</TD>
<TD height=20 vAlign=top width=92 align=right>-</TD></TR>
<TR>
<TD height=20 width=146>카달로그판매사업부</TD>
<TD height=20 vAlign=top width=93 align=right>14,536</TD>
<TD height=20 vAlign=top width=93 align=right>2.20%</TD>
<TD height=20 vAlign=top width=93 align=right>13,819</TD>
<TD height=20 vAlign=top width=93 align=right>2.86%</TD>
<TD height=20 vAlign=top width=92 align=right>-</TD></TR>
<TR>
<TD height=20 width=146>인터넷판매사업부</TD>
<TD height=20 vAlign=top width=93 align=right>133,810</TD>
<TD height=20 vAlign=top width=93 align=right>20.24%</TD>
<TD height=20 vAlign=top width=93 align=right>54,026</TD>
<TD height=20 vAlign=top width=93 align=right>11.19%</TD>
<TD height=20 vAlign=top width=92 align=right>-</TD></TR>
<TR>
<TD height=20 width=146>기타</TD>
<TD height=20 vAlign=top width=93 align=right>93,207</TD>
<TD height=20 vAlign=top width=93 align=right>14.10%</TD>
<TD height=20 vAlign=top width=93 align=right>75,681</TD>
<TD height=20 vAlign=top width=93 align=right>15.68%</TD>
<TD height=20 vAlign=top width=92 align=right>-</TD></TR>
<TR>
<TD height=20 width=146>합계</TD>
<TD height=20 vAlign=top width=93 align=right>661,137</TD>
<TD height=20 vAlign=top width=93 align=right>100.00%</TD>
<TD height=20 vAlign=top width=93 align=right>482,611</TD>
<TD height=20 vAlign=top width=93 align=right>100.00%</TD>
<TD height=20 vAlign=top width=92 align=right>-</TD></TR></TBODY></TABLE></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN></SPAN> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN></SPAN> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN><A style="BORDER-BOTTOM: rgb(132,0,0) 1px dashed; COLOR: rgb(68,68,68); TEXT-DECORATION: none" href="http://cafe.daum.net/_c21_/bbs_list?grpid=5HIJ&fldid=OJMs" target=_blank><U><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>특전사클럽 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>실시간 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>무료리딩 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>보기</SPAN></SPAN></B></U></A></SPAN><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt">☞</SPAN></B></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 9pt"> </SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><B><SPAN style="COLOR: red; FONT-SIZE: 12pt">@</SPAN></B><B><SPAN style="COLOR: red; FONT-SIZE: 12pt">신규사업 분야</SPAN></B></FONT></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 9pt"> </SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT><FONT style="LINE-HEIGHT: 19px; TEXT-TRANSFORM: none; FONT-VARIANT: normal; FONT-STYLE: normal; TEXT-INDENT: 0px; LETTER-SPACING: normal; WHITE-SPACE: normal; FONT-SIZE: 12px; FONT-WEIGHT: normal; WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" color=#000000 face=굴림></FONT>
<TABLE style="TEXT-TRANSFORM: none; TEXT-INDENT: 0px; LETTER-SPACING: normal; BORDER-COLLAPSE: collapse; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; -webkit-text-stroke-width: 0px" class=MsoTableMediumGrid3Accent3 border=1 cellSpacing=0 cellPadding=0>
<TBODY>
<TR>
<TD style="BORDER-BOTTOM: white 3pt solid; BORDER-LEFT: white 1pt solid; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 1.6; PADDING-LEFT: 5.4pt; WIDTH: 461.2pt; PADDING-RIGHT: 5.4pt; FONT-FAMILY: gulim; BACKGROUND: rgb(155,187,89); COLOR: rgb(68,68,68); FONT-SIZE: 9pt; BORDER-TOP: white 1pt solid; BORDER-RIGHT: white 1pt solid; PADDING-TOP: 0cm" vAlign=top width=615><FONT color=#000000 size=3 face=굴림></FONT>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 9pt"><STRONG> <FONT face=굴림><SPAN style="COLOR: #000000; FONT-SIZE: 11pt">중국 상해의 동방CJ를 시작으로 2011년까지 인도 및 베트남 등 4개국 6개 사이트에 진출중이다.</SPAN></FONT></STRONG></SPAN></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 9pt"><STRONG><FONT face=굴림><SPAN style="COLOR: #000000; FONT-SIZE: 11pt"></SPAN></FONT></STRONG></SPAN> </P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 9pt"><STRONG><FONT face=굴림><SPAN style="COLOR: #000000; FONT-SIZE: 11pt">터키, 태국,필리핀에도 진출하고 인도에도 진출 시도중.</SPAN></FONT></STRONG></SPAN></P><FONT color=#000000 size=3></FONT></TD></TR></TBODY></TABLE></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN style="FONT-FAMILY: 돋움; COLOR: black; FONT-SIZE: 9pt"> </SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><B><SPAN style="COLOR: red; FONT-SIZE: 12pt">@</SPAN></B><B><SPAN style="COLOR: red; FONT-SIZE: 12pt">관계사 현황</SPAN></B></FONT></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><B><SPAN style="COLOR: black; FONT-SIZE: 12pt"><FONT face="맑은 고딕"> </FONT></SPAN></B></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><B><SPAN style="COLOR: black; FONT-SIZE: 12pt"><FONT face="맑은 고딕"> </FONT></SPAN></B></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><B><SPAN style="COLOR: red; FONT-SIZE: 12pt">@</SPAN></B><B><SPAN style="COLOR: red; FONT-SIZE: 12pt">투자참고사항</SPAN></B></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><FONT face="맑은 고딕"><B><SPAN style="COLOR: red; FONT-SIZE: 12pt"></SPAN></B></FONT> </P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="TEXT-ALIGN: left; PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px" align=left><SPAN><A style="BORDER-BOTTOM: rgb(132,0,0) 1px dashed; COLOR: rgb(68,68,68); TEXT-DECORATION: none" href="http://cafe.daum.net/_c21_/bbs_list?grpid=5HIJ&fldid=OOmd" target=_blank><U><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>상위 1%</SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>만 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>아는 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>미노출 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>기업자료 </SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>보기(</SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>단독입수)</SPAN></SPAN></B><B><SPAN style="FONT-FAMILY: 굴림; COLOR: rgb(9,0,255); FONT-SIZE: 14.5pt; TEXT-DECORATION: none"><SPAN>☞</SPAN></SPAN></B></U></A></SPAN></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0px; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><FONT color=#000000 size=3 face=굴림></FONT></P>
<P style="PADDING-BOTTOM: 0px; TEXT-TRANSFORM: none; TEXT-INDENT: 0px; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0px; LETTER-SPACING: normal; PADDING-RIGHT: 0px; FONT: 12px/19px gulim; WHITE-SPACE: normal; COLOR: rgb(68,68,68); WORD-SPACING: 0px; PADDING-TOP: 0px; -webkit-text-stroke-width: 0px"><SPAN><FONT color=#000000 size=2 face="맑은 고딕"> </FONT></SPAN></P>
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CJ오쇼핑--바닥은 어디인가? 걱정되시는 분 필독~!
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14.11.13 17:34
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다음검색
첫댓글 분석 감사합니다 ^^
감사합니다 홈쇼핑 이 을에게서 챙기는 수익이 65%라는 말이 있습니다 넘 과도하죠
감사합니다
감사합니다
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감사합니다.
감사합니다.
감사합니다
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감사 합니다
감사합니다
안그래도 홈쇼핑관련 글을 예전에 매경에서 읽은거 같은데~~
좋은 내용 감사합니다.
감사합니다
감사합니다
감사합니다
감사합니다.