2026 1Q 기준평가 2026. 08. 19.근거 공시 새 창에서 열기
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규제 · 자본집약도 · 생산설비 보유
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寃곕줎: ?뚯옱쨌?⑦궎吏?湲곗닠? 留ㅻ젰?곸씠吏留? ?묒궛 ?뺣?? 怨좉컼 寃利앹씠 ???꾩슂?섎떎
肄붿뒪?띿떆?ㅻ뒗 諛섎룄泥??⑦궎吏???댁쓣 愿由ы븯??KCMC(Kostec Copper-Molybdenum Composite) ?뚯옱? ?대? ?댁슜???⑦궎吏쨌諛⑹뿴 遺?덉쓣 媛쒕컻쨌?쒖“?쒕떎. 援щ━???댁쟾?꾩꽦怨?紐곕━釉뚮뜶????? ?댄뙺李??뱀꽦??寃고빀??諛섎룄泥댁? ?⑦궎吏 ?ъ씠???댁쓳??臾몄젣瑜?以꾩씠??寃껋씠 ?듭떖?대떎. 2026??1遺꾧린 留ㅼ텧? RF ?⑦궎吏 39.46?듭썝, ?꾨젰諛섎룄泥댁슜 ?ㅽ럹?댁꽌 15.02?듭썝?쇰줈 援ъ꽦?먭퀬, 珥앸ℓ異?54.48?듭썝 以??섏텧??36.65?듭썝?댁뿀??
1. ?곸슜泥섍? 怨좎꽦??諛섎룄泥?履쎌쑝濡??볥떎
| 2026??1遺꾧린 二쇱슂 ?덈ぉ | 留ㅼ텧 | ?ъ뾽???섎? |
|---|---|---|
| RF ?⑦궎吏 | 39.46?듭썝 | 4G쨌5G쨌6G ?듭떊, ?꾩꽦쨌?덉씠?붋룸갑?곗슜 怨좎＜???⑦궎吏 |
| ?꾨젰諛섎룄泥??ㅽ럹?댁꽌 | 15.02?듭썝 | SiC쨌GaN ?꾨젰諛섎룄泥댁쓽 ?닿?由ъ? ?⑦궎吏 ?좊ː?? |
| ?⑷퀎 | 54.48?듭썝 | ?섏텧 36.65?듭썝, ?댁닔 17.83?듭썝 |
怨듭떆???뚯궗??RF ?⑦궎吏肉??꾨땲???덉씠?쨌愿묓넻???⑦궎吏, SiC쨌GaN???ㅽ럹?댁꽌, 踰좎씠?ㅽ뵆?덉씠?몄? 留덉씠?щ줈梨꾨꼸, 釉붾줉 蹂몃뵫 ?깆쑝濡??쒗뭹援곗쓣 ?뺤옣?섍퀬 ?덈떎. AI쨌HPC??諛섎룄泥닿? 怨좎쭛?겶룰퀬諛쒖뿴 諛⑺뼢?쇰줈 媛덉닔濡??닿?由?遺?덉쓽 以묒슂?꾧? 而ㅼ???寃껋? 遺꾨챸??湲고쉶??
?ㅻ쭔 ?곸슜泥섍? ?ㅼ뼇?섎떎???ㅻ챸怨??ㅼ젣 留ㅼ텧 誘뱀뒪??援щ텇?댁빞 ?쒕떎. ?꾩옱 遺꾧린 留ㅼ텧????72%媛 RF ?⑦궎吏??吏묒쨷???덇퀬, AI쨌HPC쨌?꾨젰諛섎룄泥댁슜 ?좉퇋 ?쒗뭹???대뒓 ?뺣룄 ?묒궛 留ㅼ텧怨?留덉쭊??留뚮뱾怨??덈뒗吏??怨듭떆留뚯쑝濡??뺤씤?섍린 ?대졄?? 湲곗닠 濡쒕뱶留듭씠 ?ㅼ젣 怨좉컼 梨꾪깮?쇰줈 ?꾪솚?섎뒗 ?띾룄媛 ?듭떖 蹂?섎떎.
2. ?뚯옱 議곗꽦蹂대떎 怨좉컼 ?몄쬆怨?怨듭젙 ?ы쁽?깆씠 吏꾩엯?λ꼍?대떎
KCMC???⑥닚 湲덉냽 媛怨듯뭹蹂대떎 ?댄뙺李쎄퀎?섏? ?댁쟾?꾨룄, ?묓빀 ?좊ː?? ?⑦궎吏 ?뺤긽 ?뺣??꾨? ?④퍡 留욎떠???섎뒗 遺?덉씠?? 怨좉컼???⑦궎吏 ?ㅺ퀎??留욎텣 湲곗닠媛쒕컻怨??κ린 ?묐젰???꾩슂?섍퀬, RF쨌諛⑹궛쨌?꾩꽦泥섎읆 怨좎옣 鍮꾩슜????遺꾩빞?먯꽌??怨듦툒?먮? 諛붽씀湲??꾩뿉 ?좊ː???됯?? ?ъ씤利앹씠 諛쒖깮?쒕떎. ?뚯궗媛 NXP 愿??GaN RF ?⑦궎吏 媛쒕컻 ??怨쇨굅 媛쒕컻 ?ㅼ쟻???쒖떆?섎뒗 寃껊룄 湲곗닠 寃利앹쓽 洹쇨굅??
洹몃윭??媛쒕퀎 怨좉컼???대쫫쨌?섏＜ 洹쒕え쨌怨꾩빟湲곌컙쨌諛깅줈洹몃뒗 怨듦컻?섏? ?딆븯?? 吏곸젒 ?먮ℓ瑜??섎㈃??怨좉컼蹂??ъ뼇??留욎떠 媛쒕컻?쒕떎怨??대룄, 洹?愿怨꾧? ?낆젏 怨듦툒?몄? 蹂듭닔 怨듦툒 以??섎굹?몄? ?????녿떎. ?곕씪??吏꾩엯?λ꼍? ?뚯옱? 怨듭젙??湲곗닠?깆뿉 ?먯닔瑜?二쇰릺, 怨좉컼 寃利앹쓽 踰붿쐞媛 ?뺤씤?섏? ?딅뒗 留뚰겮 ?곹븳???쒗븳?덈떎.
3. ?ㅼ쟻? 媛쒖꽑?먯?留?TTM 留덉쭊? ?꾩쭅 以묎컙 ?섏??대떎
2025??留ㅼ텧? 152.20?듭썝, ?곸뾽?댁씡? 1.84?듭썝??洹몄낀?? 2025??1遺꾧린 留ㅼ텧 33.12?듭썝쨌?곸뾽?먯떎 3.86?듭썝怨?2026??1遺꾧린瑜?諛섏쁺??TTM 留ㅼ텧? ??173.57?듭썝, ?곸뾽?댁씡? ??17.01?듭썝, ?곸뾽?댁씡瑜좎? ??9.80%??
| 援щ텇 | 2025??1遺꾧린 | 2026??1遺꾧린 | 蹂?? |
|---|---|---|---|
| 留ㅼ텧 | 33.12?듭썝 | 54.48?듭썝 | +64.5% |
| ?곸뾽?댁씡 | -3.86?듭썝 | 11.31?듭썝 | ?묒옄?꾪솚 |
| ?곸뾽?댁씡瑜? | -11.64% | 20.76% | +32.40%p |
遺꾧린 ?レ옄留?蹂대㈃ ?앹궛쨌?먮ℓ ?덈쾭由ъ?媛 ?ш쾶 ?섑??ъ?留? ??遺꾧린 ?ㅼ쟻留뚯쑝濡?援ъ“??留덉쭊???뺤젙?섍린???대졄?? RF ?섏슂???쇱떆???뚮났, ?쒗뭹 誘뱀뒪, ?뱀젙 怨좉컼??異쒗븯 ?쒖젏???곹뼢??以ъ쓣 ???덈떎. ?ㅼ쓬 遺꾧린?먮룄 15% ?덊뙉???곸뾽?댁씡瑜좉낵 ?좉퇋 ?곸슜泥?留ㅼ텧???좎??섎뒗吏媛 湲곗닠?μ쓽 寃쎌젣??媛移섏뿉 ???媛??以묒슂??寃利앹씠??
?먯닔 洹쇨굅
| ??ぉ | ?먯닔 | ?먮떒 |
|---|---|---|
| 吏꾩엯?λ꼍 | 66 | ?는룹냼??룻뙣?ㅼ? 怨듭젙怨?怨좉컼 ?좊ː???됯?媛 ?꾩슂?? |
| ?꾪솚鍮꾩슜 | 59 | 怨좉컼 ?ㅺ퀎? ?몄쬆??留욎텣 媛쒕컻 ?대젰? 援먯껜 遺?댁쓣 留뚮벀 |
| 釉뚮옖??IP | 62 | KCMC? ?⑦궎吏?湲곗닠? 李⑤퀎??媛?μ꽦???덉쑝???낆젏?깆? 異붽? ?뺤씤 ?꾩슂 |
| ?ㅽ듃?뚰겕?④낵 | 8 | 怨좉컼 利앷?媛 ?ㅻⅨ 怨좉컼???쒗뭹 媛移섎? 吏곸젒 ?믪씠吏???딆쓬 |
| 媛寃⑷껐?뺣젰 | 48 | 怨좎떊猶?遺?덉씠吏留?諛섎룄泥?怨좉컼???먭?쨌蹂듭닔怨듦툒 ?뺣젰??議댁옱 |
| 留덉쭊異붿꽭 | 52 | 理쒓렐 ?묒옄?꾪솚? 媛뺥븯吏留?TTM 留덉쭊? ?꾩쭅 10% 誘몃쭔 |
理쒖쥌 57?먯? ?뚯옱쨌?⑦궎吏뺤쓽 湲곗닠??吏꾩엯?λ꼍怨?理쒓렐 ?ㅼ쟻 媛쒖꽑??諛섏쁺???먯닔?? 60???댁긽?쇰줈 ?щ씪媛?ㅻ㈃ RF ???쒗뭹???묒궛 留ㅼ텧, 諛섎났?섎뒗 怨좊쭏吏? 怨좉컼蹂?怨듦툒 吏?꾧? ?뺤씤?섏뼱???쒕떎.
비판적으로 봐야 할 것
?듭떖 由ъ뒪?? 醫뗭? ?뚯옱媛 怨㏓컮濡?諛섎났 留ㅼ텧怨??믪? ?묒긽?μ쑝濡??댁뼱吏吏???딅뒗??
- 1.怨좉컼 諛??쒗뭹 吏묒쨷: 2026??1遺꾧린 留ㅼ텧??以묒떖??RF ?⑦궎吏?? ?듭떊쨌諛⑹궛 怨좉컼??諛쒖＜ ?쇱젙?대굹 ?뱀젙 ?꾨줈?앺듃媛 諛붾뚮㈃ 遺꾧린 蹂?숈꽦??而ㅼ쭏 ???덈떎.
- 2.諛깅줈洹?遺덊닾紐낆꽦: 怨좉컼蹂??섏＜ 洹쒕え? ?붿뿬 怨꾩빟??怨듦컻?섏? ?딆븘, 理쒓렐 留ㅼ텧 利앷?媛 諛섎났 二쇰Ц?몄? ?쇳쉶??異쒗븯?몄? ?먮떒?섍린 ?대졄??
- 3.*?묒궛 ?꾪솚 由ъ뒪??: AI쨌HPC, SiC쨌GaN, 愿묓넻?좎슜 ?쒗뭹? ?깆옣?깆씠 ?덉?留?媛쒕컻쨌?됯?쨌?묒궛源뚯? ?쒓컙??湲멸퀬 怨좉컼 ?몄쬆 ?ㅽ뙣 媛?μ꽦???덈떎.
- 4.*諛섎룄泥??ъ씠??: 怨좎꽦?Β룸갑???섏슂媛 ?덉뼱???꾩껜?곸쑝濡쒕뒗 怨좉컼???ㅻ퉬?ъ옄? ?ш퀬 議곗젙, ?⑦궎吏 ?낇솴???곹뼢??諛쏅뒗??
- 5.*?섏텧쨌怨듦툒留?: ?섏텧 鍮꾩쨷???믪븘 ?섏쑉怨?臾쇰쪟, ?댁쇅 怨좉컼??吏?뺥븰?겶룰퇋??蹂?붿뿉 ?몄텧?쒕떎.
?ㅼ쓬 ?됯??먯꽌???쒗뭹蹂?留ㅼ텧珥앹씠?듦낵 ?섏＜?붽퀬, ?곸쐞 怨좉컼 留ㅼ텧 鍮꾩쨷, RF ???쒗뭹???묒궛 留ㅼ텧, 怨좉컼 ?몄쬆 ?꾨즺 ??怨듦툒湲곌컙???뺤씤?댁빞 ?쒕떎.
총평
珥앺룊: 57????湲곗닠 ?댁옄??蹂댁씠吏留? ?꾩쭅 ?섍?利?以묒씤 ?깆옣??遺?덉궗?숈뿉 媛源앸떎
肄붿뒪?띿떆?ㅼ쓽 媛뺤젏? ?⑥닚 湲덉냽 遺?덉씠 ?꾨땲???댄뙺李쎄낵 ?댁쟾???뱀꽦???④퍡 ?쒖뼱?댁빞 ?섎뒗 諛섎룄泥??⑦궎吏 ?뚯옱쨌遺?덉쓣 ?ㅻ，?ㅻ뒗 ?먯씠?? 2026??1遺꾧린 留ㅼ텧? 64% ?댁긽 ?깆옣?덇퀬 ?곸뾽?묒옄濡??꾪솚?덉쑝硫? RF쨌?꾨젰諛섎룄泥는룰킅?듭떊쨌諛⑹궛?쇰줈 ?뺤옣???쒗뭹 ?쇰━???덈떎. 怨좉컼 ?ъ뼇??留욎텣 媛쒕컻怨??좊ː??寃利앹? ?좉퇋 怨듦툒?먯쓽 吏꾩엯???대졄寃?留뚮뱺??
諛섎㈃ ?ㅼ젣 留ㅼ텧? RF ?⑦궎吏??吏묒쨷?섏뼱 ?덇퀬 怨좉컼蹂?怨꾩빟怨?諛깅줈洹멸? 怨듦컻?섏? ?딆븯?? TTM ?곸뾽?댁씡瑜좊룄 ??9.8%濡? 湲곗닠 ?ㅻ챸留뚯쑝濡??믪? 媛寃⑷껐?뺣젰???몄젙?섍린?먮뒗 ?대Ⅴ?? ?대쾲 遺꾧린 留덉쭊???ㅼ쓬 遺꾧린?먮룄 ?좎??섍퀬, ?꾨젰諛섎룄泥는텮I/HPC 愿???쒗뭹??蹂꾨룄??諛섎났 留ㅼ텧濡??먮━ ?〓뒗吏媛 ?듭떖?대떎.
?먯닔媛 ?щ씪媛?議곌굔
- RF ??SiC쨌GaN쨌AI/HPC쨌愿묓넻???쒗뭹???묒궛 留ㅼ텧???뺤씤??寃?- 二쇱슂 怨좉컼???κ린 怨듦툒 ?먮뒗 諛섎났 諛쒖＜媛 怨듭떆쨌?ㅼ쟻?쇰줈 ?뺤씤??寃?- 理쒓렐 遺꾧린 ?섏???留덉쭊???щ윭 遺꾧린 ?좎???寃?- ?섏＜?붽퀬? ?앹궛?λ젰??留ㅼ텧 ?깆옣 ?띾룄瑜??룸컺移⑦븷 寃?
?먯닔媛 ?대젮媛?議곌굔
- 理쒓렐 留ㅼ텧 利앷?媛 ?뱀젙 ?꾨줈?앺듃???쇳쉶??異쒗븯濡??앸궇 寃?- 怨좉컼 ?몄쬆 吏?곗씠??諛섎룄泥??낇솴 ?뷀솕濡?媛?숇쪧???ㅼ떆 ?섎씫??寃?- RF 怨좉컼 ?섏〈怨??섏텧 蹂?숈꽦??而ㅼ쭏 寃?- ?좉퇋 ?쒗뭹??媛쒕컻 ?④퀎??癒몃Ъ怨?湲곗〈 ?쒗뭹??媛寃?寃쎌웳???ы빐吏?寃?
?꾩옱 ?됯???湲곗닠?깃낵 ?ㅼ쟻 諛섎벑???몄젙?섎릺, 怨좉컼 吏?꾩? 諛섎났?깆뿉 ?좎씤?⑥쓣 ?곸슜??57?먯씠??