투자와 가치 평가 자문 서비스 분야

• Business Valuation (M&A, financial reporting, fairness opinions)
• Real Estate Appraisal (commercial, hospitality, industrial)
• Intangible Asset Valuation (IP, trademarks, goodwill)
• Cross-Border Advisory (joint ventures, DI structures)
• Compliance Reporting (IFRS 13, IVS, USPAP)

(• 기업가치평가(M&A, 재무보고, 공정성 평가)
• 부동산 평가 (상업용, 공장부지 입지, 산업용 자산)
• 무형자산 평가 (지식재산권, 상표권, 영업권)
• 한미 투자자문 (합작투자, 직접투자 구조)
• 회계기준 준수 평가(IFRS 13, IVS, USPAP))

Business / Enterprise Valuation (IVS + SSVS-1) 

 Real-Estate & Industrial Asset Appraisal (USPAP + IVS) 

 Intangible / IP Valuation 

 Fairness & Reasonableness Opinions 

 Cost Segregation & Depreciation Studies 

 Merger & Acquisition Advisory & Due Diligence

• Screening Stage: Identify project sector, structure (loan/equity/guarantee), and government counterpart.
   
• Cash-Flow Modeling: Build a 10–15 year projection in Excel or DCF.
   
• Discounting & Risk Adjustment: Apply sector-specific discount rate (7–11 %).
   
• IRR + Payback Computation: Evaluate financial viability.
   
• Default-Loss Overlay: Adjust IRR for expected credit losses (EL).
   
• Scenario Testing: Model FX and macro shifts.
   
• Sovereign Return Scoring: Add non-financial benefits (jobs, trade access, tariff reductions).
   
• Final Decision Matrix 

                  NPV > 0, IRR > threshold → Approve

                  NPV < 0 but strategic benefit high → Flag for policy review

1.  Strategic Purpose of Profit-Sharing 

It expects:

• Financial returns (dividends, interest, royalties, equity appreciation)
• Strategic returns (tariff reduction, market access, technology transfer, geopolitical leverage

Thus, “profit sharing” in a bilateral sense combines:

              Cash returns — measurable financial profits;

              Reciprocal concessions — trade, tariff, or regulatory advantages.

The goal is reciprocal benefit parity: both sides gain either monetarily or strategically.

2.  Financial Profit-Sharing Mechanisms 

 A. Joint-Venture (JV) Equity Model 

 B. Profit Participation Loan (PPL) 

 C. Royalty / Revenue-Share Model 

 D. Hybrid Instrument (Debt + Equity + Warrant) 

 E. Sovereign Fund Matching Model 

 F. Tariff Offset Accounting 

 G. Deferred Repatriation / Credit System 

 3. Valuation & Profit Distribution Mechanics 

 Within each mechanism, valuation and distribution use clear quantitative methods:

1. Establish Project Entity (SPV) – e.g., K-US Shipyard LLC
2. Define Ownership Shares – Korea 40 %, U.S. 60 %
3. Determine Baseline Return Hurdle (Hurdle Rate) – e.g., 8 % IRR minimum
4. Apply Waterfall Distribution