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Ⰼ椕繠㥿嶊餩馋⸷峯㻋 2023繠㥿䫡肌遤⚌ⴀ嵳涯淼⛼ 2023.02 INDEX湡䔶 01 02 03 04 Ⰼ㖞椕嚋繠錢㥿䫡肌䋑 繠嵳㥿峯䫡㻋肌遤⚌ⴀ美妆企业出海优势 嵳⸷㢪峯繠㻋㥿䫡肌馋美国 곭瑕⯓ㅷ晥呩⢾灇全球头部DTC品牌 美妆企业出海现状 东南亚 出海头部美妆品牌 日韩拉美 㺯Ⱶ䊺鵂Ⰼ椕繠㥿䫡肌䋑㖞䔂⸷㢕蔼 2020䎃Ⰼ椕繠㥿䫡肌㖈氋䞔䕧ㆇ♴「䮲⚚ꅾ䋑㖞錞 莲♴徾8.4%կ告䋑㖞䊺絑鵓勻✫䔂⸷㢕蔼2023䎃 곫雦Ⰼ椕繠㥿䫡肌䋑㖞➠㼜䘯鸟㟞Ɤ䚪錞莲馄鵂3⼪ 3涰➉繠⯋Ⱒ〡կ ⚥㕂䊺僽Ⰼ椕剒㣐䋑㖞ㅷ晥嵳㢪䖄玐䒓゗ 2020䎃饰务㕂䊺絑馄馊繠㕂䧭⚹Ⰼ椕剒㣐涸繠㥿䫡 肌䋑㖞կ㕂ⰻ剣馄5400㹻⻊㥿ㅷ䭯霆欰❡⟱⚌⛲霣 欰✫ꬋ䌢㢴倝Ꝙㅷ晥կ湡⵸务㕂ㅷ晥ⴀ嵳➠㣐鿈ⴔ ꧋务✵䎂⟟䕙㥿饋麤⟄⚎⽂千♸傈劥⚹⚺銳湡涸㖑կ 嵳㢪ぐ㣐䋑㖞〄㾝⵸兞䊵䒗⳼儑 ⻌繠䋑㖞䧭擿䏞剒넞畊✰慨捘告ず傞⛲僽㼆倝Ꝙㅷ 晥剒⚹对㥩涸䋑㖞կ䏐㣐涸䎃鲽㥎䚍嶊餩纈⡤♸繠㥿 䫡肌䗱兰涸鷶幯䧭擿雮⚎⽂千䋑㖞僽䧭⚹Ⰼ椕薴㔵ⰻ 㟞Ɤ悶⸂ㄤ劼⠔剒㣐涸䋑㖞կ 繠㥿ⴀ嵳⠏⸷僈儑⡎絾ざ畊✰⸂㶸㖈瀊匣 尿蔼♸䎛⚎⚙㣐繠㥿❡⚌꧋纈ㄤ侨⼧䎃涸❡⚌➿䊨絑 낉⚹ⴀ嵳㤭㹁✫䩟㹊涸⣘䎾Ꝇ⠏⸷կ搬罜♸嵳㢪䔲 㖑ㅷ晥畊✰傞务㕂繠㥿⟱⚌㖈㝕鸣ㅷ晥⟟⧩ծ嵳㢪 嶊餩罏涸帿䏞鵘蠒瘝倰꬗㶸㖈满瀊匣կ 倝Ꝙㅷ晥饥ぢ㣐⠍DTC䊺䧭⚺崨 Ⰼ椕ぐ䋑㖞务㣢鿈傈⻊/繠㥿꧋㔙㼆䋑㖞⣜傊剣䖎䔂 涸䪾䱽⸂կ鵛䎃勻㣐ꆀ倝Ꝙㅷ晥⣜ꬑ幡兠涸ㅷ晥⟟ ⧩ծ넞곸涸❡ㅷ⴯倝ծ剣佪涸絁♳猫虊ծ礵絈涸磋⚏ 鵘蠒䧭⸆瑲㔵կ 帿䏞劥㕼⻊♸爢㯮蠒Ꝉ僽䖄䧶嵳㢪涸ⵄ㐼 㔐곥䧭⸆ⴀ嵳涸繠㥿ㅷ晥ꛏ㼆湡叻䋑㖞涸暵䚍♸꨽ 宠鵳遤❡ㅷ絁涸ꅾ倝霃雦♸靈侮僽Ⱏず涸鷥䭊կ爢❜ 㯮⡤瀃꣋涸䋒㽷⿺㘌湬곭㚖KOL涸ⰻ㺂Ⱏ⴯⛲僽ぐㅷ 晥㼊宠嵳㢪㟞Ɤ涸⚺銳瑲灶〡կ ❭挿䚪絕 3 ❭挿䚪絕 嵳㢪䋑㖞劼⠔♸䮋䧶䚪絕 •繠㥿䫡肌䋑㖞⡤ꆀ㣐㟞Ɤ馋✵珘㹁 㕂 繠•繠䠭㥿嶊㼆餩倝䗱ㅷ兰晥䧭对擿㥩㋐㥩㢴⯋♶䬨絟倝됮 •繠넞㥿絁♶♳䗳䋑⣜㖞饆〄歏鴪㉁䎂⚂〵㼆ㅷ晥杝用畀䱹「䏞 •絑꨽崸宠♴佐遤綫⾓涸⸂〳⸈腊ⶢ㶸㖈㼆繠㥿䫡肌ㅷ嶊餩꣭紩♸ •蠒幯Ꝉ蟥✈綫ꆀ䧭劥鷶䎃饥넞⡛⟟涯晥❡ㅷ欰㶸瑟ꢂ傈 •㼆涸❡ㅷㅷ晥ㅷ絑餘蠒♸腊ㅷ⸂晥⟟⧩鿪剣鳅넞涸銳宠꨽銳䔂㣐 •畊✰湱㼆慨捘呔㽷㢴」 ⽂ ⚎ •➃〡紤ⵄ儑衼劢勻㟞Ɤ鸟䏞Ⰼ椕㾀껷 •爢㯮帿䏞⢪欽䲀䎛♸猫虊ꦼ䏞⡛ ❇•歏䘯㉁鸟⸈䋑鸟㖞幷鷳务〳鸑鵂Ⰶ끸㣢鿈䎂〵㹊梡 傈•㛇炄肌餘♸繠㥿㋐㥩♸㕂ⰻ䋑㖞䊵ⵆ湱㼆鳅 •嶊䠭餩涸腊䞔⸂ⲃ剣ꣳ劢勻侨䎃ⰻ➠㼜⥂䭯㼆⟟呔넞䏞併 •ㅷ⾔晥傊䠑霋謭䓳㼆ㅷ晥形⟟✈⽀䠑䡦⡛㺂僒㋐倝 •ぐ鳅㕂㣐俒劥⻊㕼ծ⻊⛴ꦼ䟗䏞ծ肌餘ծ繠㥿꨽宠䊵䒗鳅㣐㶸㖈 •傈鷳劥ⴲ繠劍㥿㽠䫡゗肌⸓嶊絁餩♴⨊䋒ꅾ㽷絁♴꯺庈㕂麤歏㉁꨽䎂銳〵ㅷⴲ晥劍倰Ⰶ㖈끸幷㶸 ꯺ 㼭❡ㅷ劥㕼⻊ꦼ䏞⡛ •嶊餩罏䗱兰玐䏞⚂㼆ㅷ晥形⟟䱹「䏞넞 䬘•㼿㣔劢搬ⴀ涸梡嚋僈爽儑✈⸆⽀佪䚍䕙䫡㥿肌䋑涸㖞馋㟞⸷Ɤ悶刿⸂䡦㣐䠑⚹ 繠•嶊䕧餩ㆇ罏餝✈Ɀ瘻騟䖈♳僒「ⵌⰻ㺂⴯⡲罏涸 㖈♧㹁ꦼ䏞 •ㅷ腊晥⸂荛剣♳鳅넞劥銳㕼宠ㅷ䔂⸷㼆倝ㅷ晥䒊霃♸劥㕼蠒Ꝉ •繠鲮㥿⻊䋑涸㖞嶊絁餩♳罏⻊剣玐ꣳ䏞鳅⡛➑銻渷絁♳庈麤腊剣佪 •♸涸务꨽㕂宠㼆帿✵Ⰶ䕙灇㥿瑕䫡肌鵳涸遤꨽❡宠ㅷ䊵絁䒗涸㣐靈侮꨽銳ꛏ㼆䔲㖑 4 5 01 Ⰼ椕繠㥿䫡肌䋑㖞嚋錢 Ⰼ椕嚋錢- Ⰼ㖞ⵌꅾ㖈䮲氋䞔告劍⾓ꢂ䫈䋑「 氋䞔㼋荝涸䋑㖞䕧ㆇ䊺搬嶊ꤑ2022䎃侮⡤䋑㖞副嶻8%䋑㖞錞莲㟞Ɤⵌ3,080➉繠⯋福膴氋䞔䕧ㆇた㟞Ɤ鴽枡կꥥ满ⴀ遤꨽宠涸㟞⸈꣈儮㖈2022䎃㟞Ɤ10%僽㟞Ɤ剒䘯涸㶩遤⚌կ 㾝劅劢勻䋑㖞➠㼜ッ梡务넞鸟〄㾝涸䙖⸷곫雦ⵌ2026䎃涸侮⡤䋑㖞錞莲剣劅瑲灶4,000➉繠⯋㣐Ⱒկ 䫡肌ㅷ碫僽剒㣐⛲僽㟞Ɤ剒⚹珘㹁涸絈ⴔ饋麤氋䞔劍ꢂ「ⵌ涸䕧ㆇ⛲湱㼆嫱鳅㼭罜䕙㥿ㅷ碫♶ⴀ䠑㢪㼜鵓勻䔂⸷撑蔼կꥥ满侮⡤䫡肌䠑霋涸䲿⼮⯕撑䰀⠟嚋爽涸兜⿺瘝꣈儮碫❡ㅷ䊺絑鵓勻✫〄㾝굥〡劍կ 涸㔐嶊庛餩䊺絑䒓㨤 ⽀⡙➉繠⯋ Ⰼ椕繠㥿䫡肌䋑㖞錞垷 $4,047 $183.4 16’-22’CAGR 22’-26’CAGR $2,444 $2,562 +8.0% +7.6% $2,862 $1,550 $653 $535 $1,653 (53.7%) $711 (23.1%) $578 (18.8%) $137.5 $124.5 $3,080 $3,326 $770 $933 ꣈儮+4.0%+7.5% $108.9$108.0 $1,404 $597 $483$453 껺孧+3.0%+7.4% $2,161 䕙㥿+1.6%+7.0% 䫡肌+5.4%+6.9% $1,206 $646 $1,776 $773 $627 $150.1 20162020202120222023E2026E Source:Euromonitor,MeetIntelligence6 䫡肌饋麤ˊ 㖞呍䗱 ぐ䎇礵⼶♶碫湱❡ずㅷ僽꬗䋑㾝꩹ ꬗鿈䫡锐僽䫡肌饋麤务剒㣐涸絈ⴔ䋑㖞⽑研✫侮⚡䫡肌ㅷ碫䋑㖞錞莲涸78%կⰦ务⥂🗎/⸆佪㘗涸✌꩹礵⼶僽剒⚹Ⱒꝶ涸❡ㅷ碫㘗僽侮⚡䋑㖞涸⼱㠗寐㿋կ㖈꨽宠珘㹁㟞Ɤծ❡ㅷ⚁⚌⻊絈ⴔ帿⻊ծ⟟呔䫬⼮瘝㢴倰꬗㔔稇涸䕧ㆇ♴鵯♧ㅷ碫劢勻㼜䘯鸟㟞Ɤ㟞鸟僈儑넞✵Ⱖ➭䫡肌絈ⴔㅷ碫կ⧩䖤岤䠑涸僽⵸⚙䎃觌⸽〄㾝涸꬗芘碫❡ㅷ涸㟞Ɤ㼜⠔㔐衅劢勻5䎃涸痗ざ㟞Ɤ桧♶駈5%կ 㖞涸 䫡肌㤛絆涸꨽宠鵮僽㶸㖈涸㽍Ⱖ僽넞畮ㅷ晥涸䫡肌㤛絆㼜僽鵯♧絈ⴔㅷ碫劢勻〄㾝涸⚺銳⸓⸂կ魧⡤䫡锐碫❡ㅷ紨⽑侮⚡䋑䙖կ1/8䋑꬗副⚺銳❡ㅷ⟄⥂🗎♸淼肌让Ⱞ涸㛇炄⸆佪⚹⚺暵婋⸆佪涸❡ㅷ꨽宠♶넞կ〥♧倰꬗䫡䩛碫❡ㅷ㟞Ɤ㼜⥂睫珘㹁朐 2021Ⰼ椕䫡肌絈ⴔㅷ碫錞垷 (21’-26’CAGR) ⽀⡙➉繠⯋ ꬗鿈䫡锐 ⥂$7🗎7/⸆.3佪(+㘗8.2✌%꩹)(ゎ礵⼶)8 峇$1꬗93.5(+5.9%) 魧⡤䫡锐 兜$1鸑68魧.7⡤(+䫡6锐.1%) $꬗89芘.6(+4.3%) $86晊.5肌(+宐5.5%) 稒荝/敍腒魧⡤䫡椚 $23.1(+4.6%) 䫡肌㤛絆 넞$畮57㤛.5絆 (+6.0%) 兜$鸑48㤛.7絆 (+2.9%) 䫡䩛 兜$2鸑9.䫡2䩛 (+4.2%) 牙$4江0.4(+5.2%) $嶹27㇛.1(+4.8%) 넞U畮S$䫡7.䩛1 Source:Euromonitor,MeetIntelligence7 䕙㥿饋麤ˊ ꬗㣐剒䘯鿈䕙罜㥿㇛䋑㥿㖞㟞剒Ɤ ꬗鿈䕙㥿僽剒㣐涸䕙㥿絈ⴔㅷ碫錞莲⽑嫱紨⚹38%կ⽀ㅷ⟟呔嫱鳅넞涸䏀㥿碫❡ㅷ㥵磋䏀巊ծ孞㙈磋䏀瘝꬗鿈䕙㥿ㅷ碫涸 㛇瀖 罜鵛⚙䎃㖈♧❈嫱鳅〄鴪涸䋑㖞务礵絈⻊䏀㥿❡ㅷ㥵黫榡ծ⥝㺂瘝⛲剣僈儑涸㟞Ɤկ 滚㥿僽ぐ⚡䕙㥿碫湡务「氋䞔䕧ㆇ剒㼭涸絈ⴔㅷ碫㖈劢勻涸侨䎃ꢂㅷ碫㟞Ɤ馋珘կ罜ꥥ满〡縟犜⟁涸♧姿姿佞匠䋑㖞㼆✵㇛鿈䕙㥿⥂睫✫ꬋ䌢넞涸㟞Ɤ곫劍곫雦5䎃た䋑㖞錞莲㼜馋鵛滚㥿կ 㖈氋䞔䕧ㆇ♴繠歌碫❡ㅷ♸䕙㥿㤛絆涸䋑㖞邍梡䎇♶㥩䋑㖞錞莲♴徾僈儑կ➢劢勻㟞Ɤ勻溏䕙㥿㤛絆剣㔐⼮瑟ꢂ告繠歌碫❡ㅷ㟞鸟剒⚹綕䢨կ 2021Ⰼ椕䕙㥿絈ⴔㅷ碫錞垷 ⽀⡙➉繠⯋(21’-26’CAGR) ꬗$2鿈50䕙.3㥿(+8.0%) 滚$1鿈74䕙.6㥿(+6.3%) ㇛$1鿈46䕙.5㥿(+8.4%) 繠$5歌5.4(+5.5%) 䕙$㥿26㤛.1絆 (+6.5%) Source:Euromonitor,MeetIntelligence8 9 02 繠㥿䫡肌遤⚌ⴀ嵳峯㻋 •繠㥿⟱⚌ⴀ嵳⠏⸷ •繠㥿⟱⚌ⴀ嵳梡朐 10 ⴀ嵳⠏⸷ˊ ➿ 务ㅷ勻㕂晥✫㕂䊺繠䄕餗ㅷ饰晥傞肌鵓 罈(~1晥9㕂78餗)劍 •⟄20⚆紬ⴲ罈晥❡ㅷ⚹⚺ •❡ㅷ欽䨪㢴⚹剣㹻䏀涸ぜ㰅ծ餥㦀⚹ ⚺꧋务㖈〄鴪㙹䋑 •㕂꣢ㅷ晥㼿劢鵳Ⰶ务㕂㛇劥偽畊✰ 副⚆紬湱㼆謭䓳涸䋑㖞⻊腊⸂雮务㕂涸繠㥿䫡肌❡ㅷ♧䏞ꤴⰆ〄㾝涸⨢词朐䙖կ搬た鵛䎃勻❡⚌䌄꧋翸♸小巤ծ歏㉁䋑㖞涸넞鸟〄㾝ծ嶊餩䋑㖞涸Ⱓ饰ծ蠒Ꝉ梖岁㢴⯋⻊瘝瘝㢴ꅾ㔔稇涸䌄⸓♴㕂餗繠㥿䫡肌ㅷ碫鵓勻✫⵸䨾劢剣涸〄㾝葻纸㣐ꆀ倝㕂餗ㅷ晥♶倗嶑梡կ 㖈鵯♧傞劍♴㕂餗繠㥿䫡肌❡ㅷ䊺絑♶ⱄ僽㣐晥涸䎂⟟剏去կ鵯❈姻㖈䄕饰涸倝嶊餩ㅷ晥䭆剣杝暵涸❡ㅷ⠏⸷䭆剣⚪㺢涸ㅷ晥ⰻ呍⛲䭆剣满模Ⰼ♶鳕㕂꣢ㅷ晥涸䔂⸷畊✰⸂կ 㕂(19餗7悶9-⠃20劍05) •罈晥㕂餗䋑㖞蠒Ꝉ⛘⸂鷶幯ぢ⡛⿦ •傈⻊♸㛇炄䫡肌〄㾝鴽枡告繠㥿ㅷ 紩㙹䋑涸⡛畮⻊䋑㖞鷍綫 碫㟞Ɤ剣ꣳꝈ㈒庈麤鷶幯꧋务ⵌ涰 •㕂꣢㣢鿈傈⻊ㅷ晥鵳Ⰶ务㕂䮥⽑㕂 餗㉁㖞♸馄䋑⛓务 ⰻㅷ晥涸欰㶸瑟ꢂ 㕂(20餗0〄6-㾝20劍16) • 繠㥿䫡肌䋑㖞鵳Ⰶ넞鸟〄㾝劍嶊餩 罏㼆✵繠涸꨽宠鷶幯鄄赠〄 • ず傞䋑㖞涸⚁⚌⻊玐䏞䒓㨤䲿⼮ ♶㼱繠㥿꧋ざ䏅䧭⚹嶊餩罏䨾⨊昶涸 庈麤ず傞ㅷ晥湬蠒䏅ծ絾ざ歏㉁ 䎂〵ծ繠㥿㘌湬碫歏㉁䎂〵⛲⚹嶊餩 罏䲿⣘✫刿㢴⯋涸庈麤勻䪪ⵌ䗱⟉涸 ❡ㅷ • ⽰⤑䋑㖞➠鄄㕂꣢ㅷ晥⚺㼋告♶㼱 㕂餗ㅷ晥䊺絑鸑鵂歏㉁ծ荈蠒䏅瘝⽑ 研✫䋑㖞涸♧䌏⛓㖑 㕂(20餗1野6-〄荛劍➚) • 㕂ⰻ繠㥿䋑㖞〄㾝傈馋䧭擿䊺絑䧭 ⚹✫Ⰼ椕剒㣐涸繠㥿䫡肌䋑㖞 • 䋑㖞涸㢴⯋⻊玐䏞鵳♧姿䖤ⵌ佞㣐 瀊錠곸ծ湬乄瘝倝Ⱓⰻ㺂䕎䒭⸈副 爢❜歏㉁涸䒸Ⰶ⚹㕂餗繠㥿涸〄㾝 Ꝃ霃✫⚪껗涸㕼㡝 • 䎃鲽♧去嶊餩罏鵳Ⰶ䋑㖞䌄勻✫ 㕂惐涸⸽〄湬䱹⚹㕂餗繠㥿涸 〄㾝岤Ⰶ✫♧⵫䔂剣⸂涸䲀⸓⵫㼜 㕂ⰻ侨⼧䎃小巤涸❡⚌Ꝇ⠏⸷鲮⻊⚹ 㕂餗繠㥿ㅷ晥涸帿⾩⸆䏀㕂餗ㅷ晥 ⻊觌⸽〄㾝 Source:MeetIntelligence ⴀ嵳⠏⸷ˊ 涸㗏㹊㛇炄 〄➿㕂繠䊨㥿⡤䫡禹肌㤭ⴀ㹁嵳㥿务 务㕂涸繠㥿䫡肌❡⚌〄㾝猌♶䒓去䊨⟱⚌涸〄㾝կ21⚆紬ⴲ嵳㢪傈⻊繠㥿䊭㣢紹紹涬꣣务㕂䋑㖞⪶欰✫剒粉♧䪠涸OEM/ODM繠㥿去䊨⾊կ➢粉劍涸涰⡮㹻〄㾝ⵌ2020䎃涸5000㹻ⴀ梡✫㢴猫❡ㅷ㢴呋䪮助㢴ꅾ⣘䎾Ꝇ涸涰蔄룅佞胿兞կ䎛䊜僽繠㥿⟱⚌剒㺙꧋涸㙹䋑僽䔲⛓偽䠹涸繠㥿⛓㙹Ⰼ㕂剣5䧭⟄副涸⻊㥿ㅷ⟱⚌㢊呩㖈䎛䊜կ䎛䊜侮⡤涸繠㥿⚡䫡遤⚌〄㾝㺙 ꧋➃䩞⠍㢴⛲㶲肫✫ꬋ䌢㢴涸倝Ꝙ繠㥿䫡肌ㅷ晥կ 2021䎃㹊倶涸倝շ⻊㥿ㅷ⽡欰港漛勵⢾ո㼆✵⻊㥿ㅷ⾲俱⟄⿺港盗銳宠刿⸈絈⻊♸⚚呔㣐㣐䲿넞✫遤⚌涸叻ⲥ刿罌낉⟱ ⚌涸灇〄腊⸂ㄤ❡ㅷ涸㸝Ⰼ䚍կ劢勻务㕂⻊㥿ㅷ去䊨涸餘ꆀ㼜♶倗䲿⼮䧭⚹务㕂繠㥿䫡肌ⴀ嵳涸剒㣐た㢊⸂ꆀկ 痦霿倛♧餍唑㼷ꢭծ猰⚏繠霜务㕂瘝Ꝉ㈒錞垷20➉⯋䊩〸 痦㣖䊩ㄤ〸✳欰唑䪮ꢭⰌ⚽㣐寐欰⼕瘝Ꝉ㈒錞垷10➉⯋ 11 䫡肌/⾲俱❡⚌꧋纈 䕙㥿❡⚌꧋纈 Source:㸝⥌霆ⵚ,MeetIntelligence etc… 痦韝♲唑ꢭ猰桾务㕂♳嵳荫茽蜨⚽ 叿倰蓹謵繠昶倛瘝务㼭 暵务㕂瘝Ꝉ㈒錞垷5➉⯋䊩〸 痦㔋唑ꢭ ⟱⚌Ꝉ㈒錞垷1-2➉⯋䊩〸 12 ⴀ嵳⠏⸷ˊ 欰❡䧭劥⠏⸷ ⚌䲿模侮涸副♴康❡⚌Ꝇ⚹繠㥿䫡肌涸絊畮欰❡⟱ 雧⽀腊㢿鵳♧姿⾓⡛欰❡䧭劥կ ㅷ晥䧭劥絕匬 ⟄ꨪ㈒⟟⚹100-150⯋䫡肌ㅷ⚹⢾ 去䊨⾊⣘䭆✫剣刿僈剣儑畊涸✰錞⸂莲涸佪欰䎾❡䧭宨劥翸կ嵳姼ⰻ㢪ぐ♶碫㼱ㅷ絊晥涸畮 ~20% 务㣔㕂杝繠⾩㥿涸䫡❡肌⚌ⴀꝆ嵳⠏䭆⸷剣䖤 ⴯倝ワ劍⠏⸷ 㕂ⰻ㣢鿈繠㥿去䊨⾊♸⾲俱⣘䎾㉁㖈小巤✫㢴 䎃崨玐涸鿪 嵳剣㢪ꬋꂁ䌢倰⚪⣘㺢䎾涸絑獤낉稡たկ㼆❡ㅷ霃雦♸欰❡䊨⚌ ❡唬ㅷ霃雦ㄤ欰❡ⴲ劍蒜溁䖎㢴傞ꢂ⺫䭍ꂁ倰靈霚ծ 㼆倝Ꝙㅷ晥罜鎊模侮涸㕂ⰻ❡⚌Ꝇ腊㢿㖈 ⰻ⨞倝ㅷ䒓ծ〄霚♸❡㹎倰呍呩傞霃ꢂ雦〳⟄瘝嫱瘝嵳կ㢪絾ㅷざ晥勻荈溏遤䒓㖈〄㕂 ⸈鸟6-10⚡剢佅睫刿䘯鸟涸❡ㅷ⴯倝ծ霚ꝡ♸ 鶛去կ ꂁ倰䒓〄㹎呍傞ꢂ 㕂ⰻ去䊨⾊䎂㖲 嵳㢪䊨⾊䎂㖲 3-6⚡剢 12-18⚡剢 䪮助腊⸂⠏⸷ 欰㹊❡낉㹔㕂ⰻ涸繠㥿䊨⾊⠔⚹雽㢴㣐晥䲿⣘㨼䩯涸灇〄 㖈կ欰❡涸䪮助宐䎂副模Ⰼ♶