new 0) 1++2-%&(#3-45) · 2019. 3. 4. · ,ppljudqw :runhu"2zqhg &rrshudwlyhv ! $...
TRANSCRIPT
!
!
!""#$%&'()*+%,-%)./'-0)!""#$%&'()*+%,-%)./'-0)!""#$%&'()*+%,-%)./'-0)1++2-%&(#3-451++2-%&(#3-451++2-%&(#3-45)))
)))!!
!!!!!!
!!!!!!
!!!!!!!!!
!!!
!
!
!!
!!
!!
!!
!!
!!! !! !! !! !!
!!
!!
!!
!!
!!
!!
!!
!
!
!
!
" !!
!
!!
"
"
!
!
" !!
"
!!
!
!! ! !
!
!
!
!"#$%$!&%$!#'()%$)*!+,!-+%.$%!+-($)!/++0*!1(!23$%1/&4!&()!+,,1/1&5!*'00+%6!,+%!6#$*$!$,,+%6*!1*!7%+-1(789!
!:+%.$%*!1(!/++0*!#&;$!&!;+6$!&()!&!;+1/$!1(!)$6$%31(<1(7!6#$!.1()!+,!-+%.!6#$=!-155!)+4!&()!6#$!1(/+3$!6#$=!$&%(!,+%!168!
!>3317%&(6*!-#+!&%$!1(!/++0$%&61;$*!#&;$!6-1/$!6#$!&(<('&5!1(/+3$!&*!13<317%&(6*!-+%.1(7!,+%!+6#$%!0$+05$8!
!"#$%$!1*!,1(&(/1&5!&**1*6&(/$!&()!+6#<$%!#$50!&;&15&?5$!6+!#$50!0$+05$!,+%3!/++0$%&61;$*8!
!
61;$*!/+3$!6+7$6#$%!&%+'()!/+%$!0%1(/1<05$*!3$&(6!6+!13<0%+;$!6#$!!#$&56#!+,!6#$1%!!5+/&5!/+33'<(161$*8!
!
!!
!!
""
!!
"
"
! !
!
!
!!
" " " "
"
!!
!
!
!!
"
!
"
! "
!
!
@++0*!&%$!+0$(!6+!&55!0$%*+(*!-1551(7!6+!&/</$06!6#$!%$*0+(*1?15161$*!+,!3$3?$%*#104!-16#<+'6!7$()$%4!*+/1&54!%&</1&54!0+5161/&5!+%!%$51<71+'*!)1*/%131(&61+(8!
@++0*!&%$!*$5,<#$50!+%<7&(1A&61+(*4!)$3+/%&61</&55=!/+(6%+55$)!?=!3$3?$%*8!
B$3?$%*!/+(6%1?'6$!6+!6#$!/&016&5!+,!6#$1%!/+<+04!&()!)$/1)$!#+-!6+!'*$!6#&6!/&016&5!6+!*'0<0+%6!6#$!/++08!
@++0*!0%+;1)$!$)'/&<61+(!&()!6%&1(1(7!,+%!3$3?$%*4!*+!6#$=!/&(!/+(6%1?'6$!6+!6#$!6#$1%!
!
@++0*!*6%$(76#$(!6#$1%!3+;$3$(6!?=!/+55&?+<%&61(7!5+/&55=4!(&61+(&5<5=4!&()!75+?&55=8!
@++0*!-+%.!6+-&%)*!*'*6&1(&?5$!)$;$5+0<3$(6!+,!6#$1%!/+33'(1<61$*!&()!*'00+%6!6#$!#$&56#!+,!+6#$%!/+33'<(16=!3$3?$%*8C!
!"#$%&'()*'%+*,-.%*/.01.(234-* 5.0"6('&46*/.01.(*7"%&("#*
/.01.(2*86"%"046*9'(&464-'&4"%* :$&"%"0)*'%+*;%+.-.%+.%6.*
8+$6'&4"%<*=('4%4%><*;%?"(0'&4"%* 7""-.('&4"%*'0"%>*7""-.('&[email protected]*
7"%6.(%*?"(*7"00$%4&)* !
!
!
"
!!
" "
"
!!"#$%&'()*%
!
!
"
!"
! !
"
! !
!
!
" !!
"
""
"
" " !!
!
! "
!
"
!
"
!
! "
"
!
!
""
" "
!!
"
""
!!
"
" "
"!
!
"" !
!
!
!
!
!"#$%&'("")%*+!,-.%/'+*%'+$'-0)"*,+$,'/,*+,%12',"'-0)*".%'3"4'56+7-,28'9%7)',*+$/-,-"$+7'#"*:%*/'+$&'7-0-,%&!;$17-/9!)*"<-(-%$,'/)%+:!%*/',"'%$,%*',9%'#"*:<"*(%8'+$&'9%7)'46-7&'("006$-!
'!23$%1/&(!:+%.$%!
@++0$%&61;$DD!
'
#"*:%*/'-$')+*,-(67+*8'%$,%*)*-/%')*"0",-"$'(+$'4%'+')+*,-(67+*72')*"&6(!,-.%'+(,-.-,2='>"*'"$%8',9%'7%1-/7+,-"$'+$&'*%167+,-"$'+*"6$&'"#$%*/9-)'"<'%$!,%*)*-/%/'-/'/-1$-<-(+$,72'&-<<%*%$,',9+$'+*"6$&',9%'&"(60%$,+,-"$'*%56-*%&'<"*',9%'%0)7"20%$,'*%7+!,-"$/9-)='?%("$&728'-,'1-.%/'-00-1*+$,/'+')"/-!,-"$'"<'("$,*"7'".%*',9%-*'"#$'#"*:)7+(%'("$&-!,-"$/8'+$&'0+:%/',9%0'7%//'.67$%*+47%',"'%0)7"2!
@A"*:%*'B"")/'+7/"'+&"),C'*%/)"$/-47%'46/-!$%//')*+(,-(%/',9+,')*".-&%'<+-*'#+1%/'+$&'4%$%<-,/'<"*'-,/'#"*:%*/'#9-7%',6*$-$1'
''@$(6$%!,+%!E'*61/$4!
"+5$%&(/$!&()!@+33'<(16=DF'
!
!
!
,")'$"#'"#$/'*"61972'9+7<'
(+)-,+7 0"*%'#%+7,9',9+$',9%'%$,-*%'4",,"0'9+7<'"<'/"(-%,2',+:%$',"1%,9%*='D9-/'-/'7-,%*+772'+'0%&-%.+7')+,,%*$'"<'"#$%*/9-)='''
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
'''' 'G+*'E7)%*".-,H8'E0%*-(+'I%2"$&'B+)-,+7!-/0JK'
!
!!
"
!
!"#$!%&'()'*+,-)'./!!
01!23443&-5!
"#$!%&'()'!&,-)6!
78.3-)..)./!009:::!
! !
!
""
"
!
!
"
"
!
!
!!
""
" !"
"! "
!
!" !!
!
!
!"#$%&$'()*#+,()-.
/+0'123(!+&0.40+%1(5"6611(5""7(
!L-$:''M-(:%$/"$'<-*/,'1+-$%&'+')+//-"$'<"*'"*!1+$-('<""&/'#9%$'#"*:-$1'+,',9%'N%#';$17+$&'>""&'B"!D9%*%'9%'0%,'O-(9+%7'L"H2$%'+$&'P"$+,9+$'L"/%$,9+78'#-,9'#9"0'9%'("!<"6$&%&';56+7';Q!
''
+$'6$)*%(%&%$,%&8')*"1*%/!/-.%'"*1+$-H+,-"$',9+,'4+7!+$(%&',9%'-$,%*%/,/'"<'<+*0!%*/8'(6/,"0%*/8'/9+*%9"7&!%*/'+$&'#"*:%*/='D9%2'9+&'$"'0"&%7/',"'<"77"#8'46,'&-&'&%(-&%',"'<"*%1"',9%')*-.-7%1%/',9+,'$"*0+772'+((*6%',"'%$,*%)*%$%6*/='R$/,%+&',9%2'/,*6(,6*%&';56+7';Q(9+$1%'+/'+'#"*:%*!"#$%&'("")8'#9%*%'%.%*2'%0)7"2%%'#"67&'+7/"'4%'+$'%56+7'"#$%*8'%+(9'#-,9'"$%'.",%'+$&'%+(9'%7-1-47%',"'/%*.%'"$',9%'
'''>*"0';Q%(6,-.%'I-"/8'
###=%56+7%Q(9+$1%=("")'
! "
!"!
!
!"#$%&'()*&++,-,'$&.$,/)0,#01,)./)234%)./)$%,&-)-,/0,4$&5,).$$&$3*,/)$#)$%,)4&-432/$.'4,/)&')6%&4%)$%,7)1&5,8)9%#/,)6%#)#0$)$#)2.:,)%&/$#-7).'*)4%.'(,)$%,)4#3-/,)#+),5,'$/)$%,2/,15,/)%.5,).').*5.'$.(,)#5,-)$%#/,)6%#)*,4&*,)$#)6.&$)0.//&5,17)
!)
);#/<)=8)>-&?2,'*&.--&,$.@)
=#'*-.(#')A##0,-.$&5,!")
!
!
!
!
!
!!
""
""
!!
!!
"
!
!
!
"
!
!
!
!
"
"
!!
" "
"
"
!!
"
" "
"!
!
!
!
!
" "
" !!
""
" !!
!!
!!
!!
" !!
!
!
!
!
!
"
" !!
!!
!
!
!
!!
!
!
!!
!"
!!!! !!!
!!
!!
!!!
!!!
!!
"!!!!! !
!!" ! !
!!!! !
!!!
! !!!
!
!
!!
!"#$%&'()*%
!
!
"
""
""
""
"
"
!
!
!!
"!
!
!!
""
!!
"
"
2&11&#'.&-,/)B7)2.:&'()0-#*34$/).'*)'#$)41,.'&'(C))
.'7$%&'(8)9%&/)&/)>2,-&4.8!))
)>-&./@)D#-:,-)E6',-)#+)
A##0,-.$&5,)F"GHIJ)
!
!
!!
!!
"
!
!
"
!
""
!
!
!K)6./).B1,)$#)(-#6)27)
1&:,)$#)(#)$#)/4%##18L)"#6@)K)$%&':)#+)$%&'(/)1&:,)$%.$8!))
)9,-,/.@)D#-:,-)E6',-)#+))
A##0,-.$&5,)F"GHIM)
!
!
"
!!
!
!
""
!
!
!
!!
!
!
!
"
!
!
"
"
!!
""
!!
!!
""
!!
!"#$%&'()*%
!
!
!!
"" !
!
"
"
""
!"
""
"
!
!
!!
"
!!
!!
! "!
!!
!!! " !!! !
!!
!
!
!
""
"!
!
"!
!!
"!
" " !!
! !!
"!
"
"
!
!
""
!
!" "
!!
!!
!"#$%&'()*%
!
!
"
!!
"
"
" "
" " !
!
!
" "
!
! ""
!
!
!!
!!
!
"! "
" !
!!
!
" "
""
!
!
!
!
!!
"" !
!
"
"
" !!"
!!
"
"
"
!
!
" ""
"!
!" " "
"
!
!"
"
!!
"
!
! !
""
!" !
!"#$%&'()*%
!
!
!
!
"
!!
""
" !!
!!
" "
!
!
!
""
!!
" "
!!
" "
!!
!
!
!
"!
!
""
" !
!
!
!
!!
"
"
!!
"
"
!!
!!
!"#$%&'()*%
!
!
"
"
!!
"
""
!!
"
!
!
!
D9%'*%+772'-0)"*,+$,',9-$1'<"*'0%'-/'(7+*-<2-$1'
A9%$'R'7"":'+,';56+7';Q(9+$1%',"&+28'/"'06(9'"<'#9+,',9%2'9+.%8'#9%,9!
,9%'%Q(9+$1%',-0%',9%2'&"8',9%'#"*:%*'(6**-(67608'/%$&-$1'#"*:%*/',"'.-/-,'<+*0%*/'@#%*%'4+/%&'"$',9%'<"6$&%*/'-&%+/C='A%'9+&'/6(9'+$'-0)*-$,'"$',9%'
'!B1/#&$5!G+A=($4!!
!!!!!@+<H+'()$%4!IJ'&5!IK/#&(7$!
!
,9+,'#+/'("0)7%,%72'<"6$&%*'&"0-$+,%&'===D9%'
'%Q,*%0%72'/,-067+,-$18'(9+77%$1-$1='R,'#+/'7".%72',"'*%+772'1"',9*"619'/6(9'+'&-<<-(67,',-0%'+$&'/9+*%'-,',9*%%'#+2/8'+$&'-$'+'("77%(,-.%'"*'("!")%*+,-.%'0+$+1%0%$,'0"/,'"<',9%'
''E+(&6#+(!G+*$(6#+54!@+<H+'()$%4!IJ'&5!IK/#&(7$LM'
! !
!!
!!
!!
"
!
!
"
""
"
!!
" !!
" !!!
!!
!
!
"
" !!
"
!!
!"
!!
!!
!!
!"
! ! "
!
!
!!
!!
""
!
"
"
!
!
!
!!
"
"
" ! "
"!
"
" !
"" " !
" ! !"
!
! "
!
!
!!
!!
"
!!
!!
!
!
!
N+!3&66$%!-#&6!3$3<?$%*#10!*6%'/6'%$!1*!/#+<*$(4!-+%.$%!/++0$%&<61;$*!7$($%&55=!&)#$%$!6+!6#$!0%1(/105$*!+,!)$3+/%&61/!7+;$%(&(/$4!-#$%$?=!&(=!-+%.$%!3$3?$%!+,!6#$!/++0!#&*!&(!$J'&5!;+6$8!!
"#+'7#!OO@!%'5$*!&5<
6+!?$!/+33$(*'%&6$!6+!6#$1%!1(;$*63$(6!5$;$5!1(!&!/+30&(=4!&()!&5<5+-!+'6*1)$!1(;$*6+%*!6+!;+6$4!6#$!0%1(/105$*!+,!/++0$%&61;$!3&(&7$<3$(6!%$0')1&6$!6#$*$!+061+(*8!!!H+%3&55=!1(</+%0+%&61(7!&*!&!-+%.<
6#$!5&-!*%56-*%/'6#$!
0%1(/105$4!?'6!-+%.$%*!&)+061(7!6#$!1(,+%3&5!3+)$5!+%!6#$!OO@!3+)$5!+*%'<*%%',"'+&"),'6#1*!*&3$!0%1(/105$8!
!
!!
!"#$%&'&($))
'*%$$+$&,)+'-)'.."/)"&.-)/"%0$%1),")#",$2)"%)('&)'.1")'.."/)3&#$1,"%1)"%)3&(45',3&*)&"&67%"83,1),")#",$9)))::;)%4.$1)("4.<)'.."/)#",$1)3&)7%"7"%,3"&),")3&#$1,+$&,).$#$.9)
=>");'&)?$)@$+5$%1A))6+$+5$%1)"8)
,>$)::;)('&)3&(.4<$)'&-6"&$)/>")3&#$1,1)3&),>$)::;2)3&(.4<3&*)/"%0$%12)&"&6/"%0$%)3&#$1,"%12)"%),>$)3&(45',3&*)&"&67%"83,)
!
!
)
)
)
)
!!
!
!
>(*'%$!/++0!&/61;161$*!&%$!&517($)!-16#!31*<*1+(!+,!/++08!
I*6&?51*#!H1(&(/$!P!Q+;$%(&(/$!R+51/1$*8!
S'0$%;1*1+(4!#1%1(74!,1%1(7!+,!/++0!$305+=<$$*8!
S6%&6$71/!05&((1(74!,'()%&1*1(74!RG8!
!
!
!
!
T$/+3$!1(;+5;$)!1(!!)&=<6+<)&=!U0$%&61+(*8!
!!V1%$!+%!*'0$%;1*$!*6&,,4!+6#$%!6#&(!IK$/'<61;$!S6&,,8!
!!B1/%+<3&(&7$!/++0!2/61;161$*8!
!!
!
!"
" !!
" " "
!
!
!
"
! !
!
!
!!
"
!!
" !!
!
!
!
!
!
5""710+3&812(9"(:"3(;+81(<+$+'102(+$%(
(
!
H&/6W!! <+0*!$(51*6!;&%1+'*!.1()*!+,!$K0$%61*$!-#15$!&5*+!$(/+'%&71(7!-+%.$%<+-($%*!6+!)$;$5+0!6#$1%!*.155*!6+!&);&(/$!1(!6#$!/+30&(=8!I,,$/61;$!-+%.$%!/+<+0*!$305+=!&(!&%%&=!+,!0%+,$**1+(<&5*4!1(/5')1(7!$K0$%1<$(/$)!3&(&7$%*4!&/</+'(6&(6*4!$(71($$%*4!&66+%($=*4!3&%.$6$%*4!&()!*+!,+%6#4!&5+(7!-16#!-+%.$%*!-#+!&%$!/5+*$!6+!6#$!?&*1/!0%+)'/6*!+%!*$%;1/$*8!!!:+%.$%<+-($%*!#&;$!+00+%6'(1<61$*!,+%!&);&(/$3$(6!&()!5$&)$%*#104!&()!6#$=!&5*+!?$($,16!,%+3!
!
H%+3W!!E13!2()$%*$(!&()!Q$+%7$!@#$($=4!O2,9/'E4"6,'A"*:%*'B"!
ST'
!"
"!
!"
"
!
!
!
!
!
!
"
!
!
" !
"
!!
" "
"!
!"
"
!!
" "!
!!
!"
!!
!
!
!!
"
!!
!
!!
!!
"
!!
"""" !
"""!
"""" !
!
"""!
""""!
!
!
!
""
"
"
!!
!!
!!
!
!
!!
!!
!
!
!
"
!!
!
"
!!!
!
!
!
!!
""
" " "
" !!
!!
"
!!
!!
" "
!!
!
!
" "
!!
!
!
!
!
! ""
!!
!
!
!
!!
!
"
"
!!
!"
"
"
" "!
!!
""
!
!
!!
!"
!!
""
!
!
!
"
!
!
""
!
!
!
"
""
"
!
!
!
!"
!
!
"#$!;&&<.!3-!!=::>/!!!?@:!
"#$!A&&<.!3-!0BB>/!!!00:!
!"
" "
!
" "
!
!
"#$!FXDF!EUTS!2/6!&5<5+-*!/+30&(1$*!6+!%&1*$!'0!6+!YD!31551+(!&!=$&%!,%+3!1()1;1)'&5!1(;$*<6+%*8!"#$!5&-!0%+6$/6*!*3&55!1(;$*6+%*!?=!51316<1(7!#+-!3'/#!6#$=!/&(!1(;$*68!H+%!$K&305$4!0$+05$!-#+!#&;$!&(!&(('&5!1(/+3$!'()$%!YDXX4XXX!/&(!1(;$*6!(+!3+%$!6#&(!YF4XXX!1(!&!/%+-),'()$)!/+30&(=8!
Z()$%!6#$!5&-4!1(;$*<6+%*!&()!/+30&(1$*!3'*6!/+(($/6!6#%+'7#!&!31))5$3&(4!$16#$%!&!?%+.$%!+%!&!-$?*16$8!"#$!?%+.$%*!&()!-$?*16$*!#&;$!6+!%$71*6$%!-16#!6#$!SI@4!6#+'7#!?'*1($**$*!*$$.1(7!,'()1(7!)+!(+68!!@+30&(1$*!*$$.1(7!,'()1(7!3'*6!0%+;1)$!,1(&(/1&5!%$/+%)*!&()!?'*1($**!05&(*!6+!#$50!0+6$(61&5!1(;$*6+%*!)$</1)$!-#$6#$%!6#$=!-&(6!6+!1(;$*68!
(50"=%(!#$%&$'(((+$%(3>1(/+=(
!
!
7("A+?$%+4%>B**C("0*7"%6.-&4"%*&"*8D.6$&4"%*
!
!
" "!
!" "
!!
" "
" " "
!!
!
!
!!
!
!! !
"
!
"
""!
!
!
!
!
!
!
!!!!!!!!!
" "
"!
"
" ""
" !
"
""
!
"
" "
!
"
" "
!
!
!
!
!
!
!"
" "
"
!!
"
""
!!
"!
!
!
!
!
6-%"&'-'()1&2#(&7)899+:'(5))
;<)
!'0#3#0:&7)=&%'#'$4)877+9&(#+'5)
>;<)
6-%"&'-'()1&2#(&7)899+:'(5)))?@<)
!'0#3#0:&7)=&%'#'$4)877+9&(#+'5)
A@<)
!
!
"
!!
!
!"
!!
"
!
"
!
!
!
!!
"
!
!!
"
!
!
!
!
!
"
!!
!
!!
!!
!
!
! "
!
!
!!!!!!!
"
! "!
"
!
!
!!!!!!!
E$4#+4%>*7'-4&'#*:66"$%&2*?"(*F"$(*7""-.('&4@.*42*7(4&46'#G**
!
!
!
!!!!!!!
*
"
"
" !!
" ""
"! !
!" !
"
""
"!
!
"!
!"#$%&'()*%
!
!
!!!!!!!
" !!
!
""
"
"
"
!
"
!
!
!
! "
!
!
!!
" " !
!
!
!
!
!
!
!
"
!
"!
" !
!
!
" "" " " !
!
" "" !
""
!
!
!
"" " " "
"" !
!
!
"" " " " !
! !
!
"
!
!
!
" " " " " " "!
!
!
!
!
!
!" " " !
" !
"" " !
!
!
" " !
"" !
!
!
!
!
" " " " " " !
!
!
" " " " " " "" !
!
!
" " " " "!
!
"" " " " " " " " " !
!
!
" " "!
!
!
!
" " "
"!
" " "!
" "" " " " " " " " " " "
!
"
!
!
!
!
!
!
!
!
!
!
"
" "!
!
!
"!#$$%&'()*+&!,'*-.*%/&0!!
!
#$-.&'-!1$'!#$223-*)4!!
!
!!
!!
!!
" " !!
!
!!
!
!