1

2

3

()

34

5

6

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

GDP (%)

2.02 1.90 1.81 1.72 1.68 1.67 1.61 1.48 1.60 1.72 1.66 1.81 1.77

30.50 28.74 30.27 31.28 31.76 31.31 31.33 31.22 29.04 28.76 31.23 30.26 28.97

24.62 23.23 24.93 26.19 26.81 26.58 26.46 26.38 24.82 23.64 26.10 25.50 24.28

67.49 69.36 67.92 67.00 66.57 67.02 67.06 67.30 69.36 69.52 67.12 67.93 69.26

GDP(%)2000-2007

2008-2012

GDP 5.80 -1.65 5.26 3.67 6.19 4.70 5.44 5.98 0.73 -1.81 10.76 4.19 1.48 4.4 3.0

0.03 -0.12 0.18 -0.03 -0.10 -0.07 0.21 -0.04 0.00 -0.04 0.03 0.09 -0.02 0.0 0.0

1.54 -2.12 2.72 2.15 2.77 2.08 2.40 2.83 0.08 -1.33 7.23 2.13 0.59 1.8 1.7

1.79 -1.55 2.49 2.27 2.47 1.96 2.31 2.60 0.27 -1.18 6.82 2.07 0.56 1.8 1.7

4.22 0.58 2.37 1.55 3.51 2.70 2.83 3.20 0.65 -0.44 3.50 1.97 0.91 2.6 1.3

*GDP(%)GDPGDPGDP=++

69%29%(78%72%68%59%)

%

1990

2008PC

GDP %

17.99

58.37

14.03 9.61

0.00

10.00

20.00

30.00

40.00

50.00

60.00

70.00

29.0529.58

31.43

9.94

0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

(1/3)

100

(2/3)

(JUMP)adidas20

ZARA15

OEMODM

(3/3)

B2C

10B2C21.5%6.5%B2C

B2B

Interbrand, 2013

2013Interbrand10

2008 2009 2010 2011 2012 2010-2012EPS range() 3.98 1.31 7.41 16.23 8.13 7-16

() 8.3 6.71 7.17 8.04 8.02 7-8() 3.42 3.42 4.75 5.51 5.4 4-8

() -8.25 11.4 5.18 8.09 10.31 5-10

() 0.88 4.52 2.49 4.38 3.60 2-4

() 3.56 2.75 4.06 3.48 3.79 3-4() 3.38 2.5 5.05 4.06 2.52 2-5

5.5 5.5

19.07 6.47 6-19

(1/3)

2009 2010 2011 2012 22.76 21.21 20.27 20.31

14.84 14.35 13.32 14.57 50.95 49.76 49.56 50.23 79.64 77.81 77.48 78.53 20.80 17.53 16.98 19.09 33.72 33.97 34.17 36.40 22.84 21.32 24.50 27.02 28.97 26.75 26.60 26.87 19.42 20.79 19.45 19.24 34.09 33.19 33.97 35.50 16.08 13.23 10.33 8.73 13.52 15.49 13.65 10.93 22.70 20.98 20.97 22.66 31.31 30.72 28.79 28.66 31.22 26.58 24.86 30.39 20.98 19.40 19.56 20.96 25.16 24.21 23.62 24.96 12.96 13.05 11.50 10.52 29.00 26.48 25.90 25.81 26.00 23.35 22.62 24.99 34.92 34.51 35.42 31.96 24.42 24.66 22.93 24.50 25.28 20.72 20.47 22.88 24.33 22.18 21.90 21.89 26.51 24.43 24.50 23.84 23.12 21.40 19.64 21.94 32.82 28.40 28.01 26.83

(%)

:

(2/3)

OECD

(3/3)

2010(%)

31.934.5

40.437

29.9

43.6

21.3

37.6

32.2

25.121.2 22.8 20 21.6

16.05

24.2

17.2

22.2325.6

23.0620.6

15.7

27 26.5

14.7

30.4

19

2522.5

23.3

0

5

10

15

20

25

30

35

40

45

50

:1.54(LG)()22.5%20.6%22.4%%1/4(5.05)

2.()()()54.8%(21.9%14.4%18.6%)

1950 1960 1970 1980 1990 2000 2010 2020

-14-

15

16

WiMAX

4.0

17

18

19

20

20148,80071%

(RFA)2015

European Bioplastics2018670

: RFA (2013), 2013 Ethanol Industry outlook.

RFS2

40

160

10

150

European Bioplastics(2014)

: 162

(2013)

: 673

(2018)

%

%

103.4

116/ 26.2 ()45.4/

0.53 40.2

(E3) () () ()

() ()

1,544 154,400 1.08 0.37 1.45 5,931 444,825 3.11 1.06 4.17 8,306 830,600 5.81 1.99 9.23 15,781 1,429,825 10.01 3.42 13.42

3

(2014)(2014)(2012)

(37.1

/L)

23()65

+

2

28.8~33.1/L

37.1/L

202095E3(10)

2030E3

(30)

1.5

30.5/(2015)

201542020520MW2025

1.52GW20304GW

0~5036

725100W~3kW1kW

94%(40%)(34%)

7,589 5,331

4,497

5,553

5,301

7

()

2010 2011 2012 2013 67.4% 35.2% 67.1% 34.5% - - - 2.9% - - - 2.5% 14.6% 16.9% 12.7% 5.3% 18.0% 47.9% 20.2% 54.8%

712kW2015 7MW

() () ()

Bloom Energy

() 3C(

)

()

kW

( ) 2015.9

(2011~2030)

/

1018

2012

/

()

()

()

()

18

80.62%2011

2009 14.98 6.10 21.09 71.07% 28.93% -

80.62%2010 28.18 26.91 55.09 51.15% 48.85% 161.25%2011 75.83 15.28 91.12 64.79% 35.21% 65.41%2012 100.44 23.80 124.24 66.16% 33.84% 36.36%

14.98

28.18

59.03

82.20

6.10 26.91

32.08 42.04 21.09

55.09

91.12

124.24

0.00

20.00

40.00

60.00

80.00

100.00

120.00

140.00

2009 2010 2011 2012

:

30

/

OECD(2009), The Bioeconomy to 2030

/

32

/

33

/

/

/

/

34

330

201722.68

2012650

20177520.9%

7~83~410~125~7

1997~20001,820~1.3

FAO2007 1.3 2.1

0.8(RIKEN)

:FAOKalorama InformationMarketsandMarketsBattellePimentel et al.(2005)

35

36

35

37

38

20112015SDR

SDR

SDR

ECFA ECFA 19802009

MOU

39

2.5

40

42

63%

29%

*

$8

21

:2011202088000

43

GDP3000

GDP3000-5000

GDP5000

44

GDP3000

.. .

45

GDP3000-5000

: ...

3C

46

GDP5000

47

-- 45%70%

48

49

1980

1994

http://www.tier.org.tw