A method for executing an application program based on license information and a method for managing license information are disclosed. The license information-based application execution method performed on the computing device includes the steps of recognizing the connection between the license storage device and the computing device, the application is executed on the computing device, and when the application requires license information, the license storage device requesting the license information of the application program, and when receiving the license information from the license storage device in response to the request, checking whether the use of the application program is possible based on the license information.
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