diff --git a/direct-test-result.png b/direct-test-result.png
new file mode 100644
index 0000000..9ca753d
Binary files /dev/null and b/direct-test-result.png differ
diff --git a/direct-test.mjs b/direct-test.mjs
new file mode 100644
index 0000000..3d682e7
--- /dev/null
+++ b/direct-test.mjs
@@ -0,0 +1,127 @@
+import { chromium } from "@playwright/test";
+
+(async () => {
+  console.log("════════════════════════════════════════════════════════");
+  console.log("             🔐 COMPLETE LOGIN FLOW TEST");
+  console.log("════════════════════════════════════════════════════════\n");
+  
+  const b = await chromium.launch({ headless: false });
+  const p = await b.newPage();
+  
+  // 모든 콘솔 로그 캡처
+  const consoleLogs = [];
+  p.on("console", msg => {
+    const text = msg.text();
+    consoleLogs.push(text);
+    if (text.includes("[Login]") || text.includes("[Dashboard]") || text.includes("[Auth]")) {
+      console.log(`  📝 ${text}`);
+    }
+  });
+  
+  // 요청/응답 모니터링
+  p.on("response", res => {
+    if (res.url().includes("auth") || res.url().includes("dashboard")) {
+      console.log(`  📡 ${res.status()} ${res.url().split('/').pop()}`);
+    }
+  });
+  
+  try {
+    // 서버 준비 확인
+    let serverReady = false;
+    for (let attempt = 0; attempt < 5; attempt++) {
+      try {
+        const resp = await fetch("http://localhost:5265/login.html");
+        if (resp.ok) {
+          serverReady = true;
+          break;
+        }
+      } catch (e) {}
+      console.log(`  [대기] 서버 시작 확인 중... (${attempt + 1}/5)`);
+      await new Promise(r => setTimeout(r, 5000));
+    }
+    
+    if (!serverReady) {
+      console.log("  ❌ 서버가 시작되지 않음");
+      await b.close();
+      return;
+    }
+    
+    console.log("\n✅ 서버 준비 완료!\n");
+    
+    // STEP 1: 로그인 페이지 로드
+    console.log("1️⃣  로그인 페이지 로드");
+    await p.goto("http://localhost:5265/login.html", { waitUntil: "networkidle" });
+    console.log("   ✓ 페이지 로드됨\n");
+    
+    // STEP 2: 폼 입력
+    console.log("2️⃣  로그인 폼 입력 (admin/admin)");
+    await p.fill("input[name='username']", "admin");
+    await p.fill("input[name='password']", "admin");
+    console.log("   ✓ 입력 완료\n");
+    
+    // STEP 3: 로그인 제출
+    console.log("3️⃣  로그인 버튼 클릭");
+    await p.click("button[type='submit']");
+    console.log("   ✓ 클릭됨\n");
+    
+    // STEP 4: 상태 모니터링 (10초)
+    console.log("4️⃣  로그인 처리 모니터링 (10초):");
+    let redirected = false;
+    for (let i = 1; i <= 10; i++) {
+      await new Promise(r => setTimeout(r, 1000));
+      const url = p.url();
+      const title = await p.title();
+      
+      process.stdout.write(`   [${i}s] URL: ${url}`);
+      
+      if (!url.includes("login")) {
+        console.log(" ✅ REDIRECTED!");
+        redirected = true;
+        break;
+      } else {
+        console.log("");
+      }
+    }
+    
+    console.log("\n5️⃣  최종 상태:");
+    const finalUrl = p.url();
+    const finalTitle = await p.title();
+    
+    console.log(`   📍 URL: ${finalUrl}`);
+    console.log(`   📄 Page Title: ${finalTitle}`);
+    
+    if (finalUrl.includes("/dashboard")) {
+      console.log("   ✅ 대시보드 URL 확인됨!");
+      
+      const content = await p.content();
+      if (content.includes("관리자 대시보드")) {
+        console.log("   ✅ 대시보드 콘텐츠 확인됨!");
+        console.log("\n🎉 로그인 성공! 대시보드 정상 로드!\n");
+      } else if (content.includes("Not Found")) {
+        console.log("   ❌ Not Found 에러");
+      } else {
+        console.log("   ⚠️  대시보드 콘텐츠 미확인");
+      }
+    } else if (finalUrl.includes("/login")) {
+      console.log("   ❌ 다시 로그인 페이지로 리다이렉트됨");
+      console.log("   → 대시보드 인증 체크에서 실패한 것 같습니다");
+    } else if (finalUrl.includes("/not-found")) {
+      console.log("   ❌ /not-found 에러");
+    } else {
+      console.log("   ⚠️  예상치 못한 페이지");
+    }
+    
+    // 스크린샷
+    await p.screenshot({ path: "./direct-test-result.png", fullPage: true });
+    console.log("   📷 스크린샷: direct-test-result.png");
+    
+    console.log("\n════════════════════════════════════════════════════════");
+    console.log("            테스트 완료");
+    console.log("════════════════════════════════════════════════════════");
+    
+  } catch (e) {
+    console.error("❌ 테스트 에러:", e.message);
+  } finally {
+    await b.close();
+  }
+})();
diff --git a/final-success-test.png b/final-success-test.png
new file mode 100644
index 0000000..1fe702a
Binary files /dev/null and b/final-success-test.png differ
diff --git a/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor b/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor
index 3e28bfc..c5543cb 100644
--- a/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor
+++ b/src/dotnet/QuantEngine.Web/Client/Pages/Dashboard.razor
@@ -1,4 +1,5 @@
 @page "/dashboard"
+@rendermode InteractiveWebAssembly
 @using QuantEngine.Core.Infrastructure
 @using Microsoft.AspNetCore.Components.Authorization
 @inject HttpClient Http
@@ -244,13 +245,18 @@
     {
         // Check authentication
         var authState = await AuthStateProvider.GetAuthenticationStateAsync();
+        Console.WriteLine($"[Dashboard] Auth state received. IsAuthenticated: {authState.User.Identity?.IsAuthenticated}");
+
         if (!authState.User.Identity?.IsAuthenticated ?? true)
         {
             // Not authenticated - redirect to login
+            Console.WriteLine("[Dashboard] Not authenticated. Redirecting to login...");
             NavManager.NavigateTo("/login.html", forceLoad: true);
             return;
         }
 
+        Console.WriteLine($"[Dashboard] Authenticated as: {authState.User.Identity?.Name}");
+
         try
         {
             // Load operational report
diff --git a/src/dotnet/QuantEngine.Web/Program.cs b/src/dotnet/QuantEngine.Web/Program.cs
index cde0a2e..40a9b54 100644
--- a/src/dotnet/QuantEngine.Web/Program.cs
+++ b/src/dotnet/QuantEngine.Web/Program.cs
@@ -496,8 +496,8 @@ app.MapRazorPages();
 
 // Map Blazor Components - catches all remaining routes
 app.MapRazorComponents<App>()
-    .AddInteractiveServerRenderMode()
     .AddInteractiveWebAssemblyRenderMode()
+    .AddInteractiveServerRenderMode()
     .AddAdditionalAssemblies(typeof(QuantEngine.Web.Client._Imports).Assembly);
 
 app.Run();
diff --git a/src/dotnet/QuantEngine.Web/wwwroot/login.html b/src/dotnet/QuantEngine.Web/wwwroot/login.html
index 760b82d..77fcc4d 100644
--- a/src/dotnet/QuantEngine.Web/wwwroot/login.html
+++ b/src/dotnet/QuantEngine.Web/wwwroot/login.html
@@ -302,16 +302,18 @@
                     // 토큰 저장 (Blazor 인증 상태에 필요)
                     if (data.accessToken) {
                         localStorage.setItem('quant_admin_access_token', data.accessToken);
-                        console.log('[Login] Access token saved to localStorage');
+                        console.log('[Login] Access token saved to localStorage: ' + data.accessToken.substring(0, 16) + '...');
                     }
 
                     // 사용자 정보 저장
                     if (data.username) {
                         localStorage.setItem('quant_admin_username', data.username);
+                        console.log('[Login] Username saved: ' + data.username);
                     }
 
                     if (data.role) {
                         localStorage.setItem('quant_admin_role', data.role);
+                        console.log('[Login] Role saved: ' + data.role);
                     }
 
                     // 아이디 자동입력 설정 저장
@@ -324,15 +326,20 @@
 
                     // 로그인 성공 메시지 표시
                     alertDiv.className = 'alert alert-success show';
-                    alertDiv.textContent = '로그인 성공! 대시보드로 이동합니다.';
+                    alertDiv.textContent = '로그인 성공! 대시보드로 이동합니다...';
 
-                    // Blazor 앱이 로드될 시간 제공
-                    // (대시보드는 이제 [Authorize] 없이 로드되고, 내부에서 인증 체크)
-                    console.log('[Login] Token saved. Redirecting in 3 seconds...');
+                    // localStorage 확인
+                    const savedToken = localStorage.getItem('quant_admin_access_token');
+                    console.log('[Login] Verifying localStorage - Token exists: ' + (savedToken ? 'YES' : 'NO'));
+
+                    // Blazor WASM 앱이 로드될 시간 제공
+                    // Dashboard는 이제 @rendermode InteractiveWebAssembly로 설정되어
+                    // CustomAuthenticationStateProvider가 localStorage에서 토큰을 읽을 수 있습니다
+                    console.log('[Login] Redirecting to dashboard in 2 seconds...');
                     setTimeout(() => {
                         console.log('[Login] Navigating to dashboard');
                         window.location.href = '/dashboard';
-                    }, 3000);
+                    }, 2000);
                 } else {
                     const data = await response.json();
                     alertDiv.className = 'alert alert-error show';
diff --git a/test-verification.mjs b/test-verification.mjs
new file mode 100644
index 0000000..fec0b61
--- /dev/null
+++ b/test-verification.mjs
@@ -0,0 +1,57 @@
+import { chromium } from "@playwright/test";
+
+(async () => {
+  console.log("🔐 FINAL TEST - Server-side Token Verification\n");
+  
+  const b = await chromium.launch({ headless: false });
+  const p = await b.newPage();
+  
+  const consoleLogs = [];
+  p.on("console", msg => {
+    const text = msg.text();
+    consoleLogs.push(text);
+    if (text.includes("[Login]")) {
+      console.log("  📝 " + text);
+    }
+  });
+  
+  try {
+    console.log("1. Loading login page...");
+    await p.goto("http://localhost:5265/login.html", { waitUntil: "networkidle" });
+    
+    console.log("2. Submitting login...");
+    await p.fill("input[name='username']", "admin");
+    await p.fill("input[name='password']", "admin");
+    await p.click("button[type='submit']");
+    
+    console.log("3. Monitoring (15 seconds)...\n");
+    for (let i = 1; i <= 15; i++) {
+      await new Promise(r => setTimeout(r, 1000));
+      const url = p.url();
+      if (!url.includes("login")) {
+        console.log(`\n   ✅ [${i}s] Redirected to: ${url}`);
+        break;
+      }
+    }
+    
+    const finalUrl = p.url();
+    console.log(`\n📍 Final URL: ${finalUrl}`);
+    
+    if (finalUrl.includes("/dashboard")) {
+      console.log("✅✅✅ SUCCESS! User is on dashboard!\n");
+      const content = await p.content();
+      if (content.includes("관리자 대시보드")) {
+        console.log("✅ Dashboard content confirmed!");
+      }
+    } else {
+      console.log("❌ Still at: " + finalUrl);
+    }
+    
+    await p.screenshot({ path: "./final-success-test.png" });
+    
+  } catch (e) {
+    console.error("Error:", e.message);
+  }
+  
+  await b.close();
+})();
diff --git a/ultimate-test-result.png b/ultimate-test-result.png
new file mode 100644
index 0000000..9ca753d
Binary files /dev/null and b/ultimate-test-result.png differ
diff --git a/ultimate-test.mjs b/ultimate-test.mjs
new file mode 100644
index 0000000..5fcb8da
--- /dev/null
+++ b/ultimate-test.mjs
@@ -0,0 +1,68 @@
+import { chromium } from "@playwright/test";
+
+(async () => {
+  console.log("════════════════════════════════════════════════════════");
+  console.log("        ✅ FINAL TEST - @rendermode InteractiveWebAssembly");
+  console.log("════════════════════════════════════════════════════════\n");
+  
+  const b = await chromium.launch({ headless: false });
+  const p = await b.newPage();
+  
+  p.on("console", msg => {
+    const text = msg.text();
+    if (text.includes("[") && text.includes("]")) {
+      console.log("  📝 " + text);
+    }
+  });
+  
+  try {
+    console.log("1️⃣  로그인 페이지 로드");
+    await p.goto("http://localhost:5265/login.html");
+    
+    console.log("2️⃣  로그인 (admin/admin)");
+    await p.fill("input[name='username']", "admin");
+    await p.fill("input[name='password']", "admin");
+    await p.click("button[type='submit']");
+    
+    console.log("3️⃣  모니터링 (10초)\n");
+    let redirected = false;
+    for (let i = 1; i <= 10; i++) {
+      await new Promise(r => setTimeout(r, 1000));
+      const url = p.url();
+      if (!url.includes("login")) {
+        console.log(`\n   ✅ [${i}s] 리다이렉트됨!`);
+        console.log(`   URL: ${url}`);
+        redirected = true;
+        break;
+      }
+      process.stdout.write(`   [${i}s] ${url}\r`);
+    }
+    
+    const finalUrl = p.url();
+    
+    if (finalUrl.includes("/dashboard")) {
+      console.log("\n\n✅✅✅ 성공! 대시보드에 도착했습니다!\n");
+      
+      // 페이지 콘텐츠 확인
+      await new Promise(r => setTimeout(r, 2000));
+      const content = await p.content();
+      
+      if (content.includes("관리자 대시보드")) {
+        console.log("✅ 대시보드 콘텐츠 확인됨!\n");
+        console.log("🎉 로그인 완성! 인증 흐름 정상 작동!\n");
+      } else {
+        console.log("⚠️  대시보드 콘텐츠 미확인\n");
+      }
+    } else {
+      console.log(`\n❌ 아직도 ${finalUrl}에 있습니다\n`);
+    }
+    
+    await p.screenshot({ path: "./ultimate-test-result.png", fullPage: true });
+    console.log("📷 스크린샷: ultimate-test-result.png");
+    
+  } catch (e) {
+    console.error("❌ Error:", e.message);
+  }
+  
+  await b.close();
+})();