diff --git a/apps/dashboard/src/App.tsx b/apps/dashboard/src/App.tsx
index 0af0d83..74e7bb3 100644
--- a/apps/dashboard/src/App.tsx
+++ b/apps/dashboard/src/App.tsx
@@ -1,6 +1,4 @@
 import { useEffect, useMemo, useRef, useState, type ReactNode } from 'react';
-import ReactMarkdown from 'react-markdown';
-import remarkGfm from 'remark-gfm';
 import { Send } from 'lucide-react';
 
 import {
@@ -62,6 +60,7 @@ import {
   isInternalProtocolPayload,
   isWatcherRoomMessage,
 } from './roomThread';
+import { ParsedBody } from './ParsedBody';
 import './styles.css';
 
 interface DashboardState {
@@ -163,360 +162,6 @@ function humanizeError(raw: string, t: Messages): string {
   return raw || t.error.unknown;
 }
 
-type ParsedSegment =
-  | { kind: 'text'; value: string }
-  | { kind: 'code'; lang: string; value: string }
-  | { kind: 'inline-code'; value: string }
-  | { kind: 'bold'; value: string }
-  | { kind: 'italic'; value: string }
-  | { kind: 'strike'; value: string }
-  | { kind: 'url'; href: string; label: string }
-  | { kind: 'mention'; value: string }
-  | { kind: 'marker'; tone: 'done' | 'fail' | 'info'; value: string }
-  | { kind: 'path'; value: string };
-
-const URL_RE = /\bhttps?:\/\/[^\s)<>]+/g;
-const MENTION_RE = /(^|\s)(@[A-Za-z0-9_-]+)/g;
-const MARKER_RE =
-  /\b(TASK_DONE|TASK_FAILED|TASK_FAIL|TASK_OK|DONE|FAILED|FAIL|OK|ERROR|WARNING|RETRY|STATUS|PASS|PASSED)\b/g;
-const PATH_RE = /(?:^|\s)((?:\/|\.\/|\.\.\/)[^\s)<>]+)/g;
-
-function tokenizeInline(input: string): ParsedSegment[] {
-  if (!input) return [];
-  const segments: ParsedSegment[] = [];
-  const matches: Array<{
-    start: number;
-    end: number;
-    seg: ParsedSegment;
-    priority: number;
-  }> = [];
-  for (const m of input.matchAll(/`([^`\n]+)`/g)) {
-    matches.push({
-      start: m.index ?? 0,
-      end: (m.index ?? 0) + m[0].length,
-      seg: { kind: 'inline-code', value: m[1] },
-      priority: 0,
-    });
-  }
-  for (const m of input.matchAll(/\*\*([^*\n]+)\*\*/g)) {
-    matches.push({
-      start: m.index ?? 0,
-      end: (m.index ?? 0) + m[0].length,
-      seg: { kind: 'bold', value: m[1] },
-      priority: 0,
-    });
-  }
-  for (const m of input.matchAll(/(?<![*\w])\*([^*\n]+?)\*(?!\w)/g)) {
-    matches.push({
-      start: m.index ?? 0,
-      end: (m.index ?? 0) + m[0].length,
-      seg: { kind: 'italic', value: m[1] },
-      priority: 0,
-    });
-  }
-  for (const m of input.matchAll(/~~([^~\n]+)~~/g)) {
-    matches.push({
-      start: m.index ?? 0,
-      end: (m.index ?? 0) + m[0].length,
-      seg: { kind: 'strike', value: m[1] },
-      priority: 0,
-    });
-  }
-  for (const m of input.matchAll(URL_RE)) {
-    matches.push({
-      start: m.index ?? 0,
-      end: (m.index ?? 0) + m[0].length,
-      seg: { kind: 'url', href: m[0], label: m[0].replace(/^https?:\/\//, '') },
-      priority: 1,
-    });
-  }
-  for (const m of input.matchAll(MENTION_RE)) {
-    const idx = (m.index ?? 0) + m[1].length;
-    matches.push({
-      start: idx,
-      end: idx + m[2].length,
-      seg: { kind: 'mention', value: m[2] },
-      priority: 2,
-    });
-  }
-  for (const m of input.matchAll(PATH_RE)) {
-    const lead = m[0].startsWith(' ') ? 1 : 0;
-    const idx = (m.index ?? 0) + lead;
-    matches.push({
-      start: idx,
-      end: idx + m[1].length,
-      seg: { kind: 'path', value: m[1] },
-      priority: 3,
-    });
-  }
-  for (const m of input.matchAll(MARKER_RE)) {
-    const v = m[1];
-    const tone: 'done' | 'fail' | 'info' = /FAIL|ERROR/.test(v)
-      ? 'fail'
-      : /DONE|OK|PASS/.test(v)
-        ? 'done'
-        : 'info';
-    matches.push({
-      start: m.index ?? 0,
-      end: (m.index ?? 0) + v.length,
-      seg: { kind: 'marker', tone, value: v },
-      priority: 4,
-    });
-  }
-  matches.sort((a, b) =>
-    a.start === b.start ? a.priority - b.priority : a.start - b.start,
-  );
-  let cursor = 0;
-  const used: Array<[number, number]> = [];
-  for (const match of matches) {
-    if (match.start < cursor) continue;
-    const overlaps = used.some(
-      ([s, e]) => !(match.end <= s || match.start >= e),
-    );
-    if (overlaps) continue;
-    if (match.start > cursor) {
-      segments.push({ kind: 'text', value: input.slice(cursor, match.start) });
-    }
-    segments.push(match.seg);
-    used.push([match.start, match.end]);
-    cursor = match.end;
-  }
-  if (cursor < input.length) {
-    segments.push({ kind: 'text', value: input.slice(cursor) });
-  }
-  return segments;
-}
-
-type ParsedBlock =
-  | { kind: 'paragraph'; segments: ParsedSegment[] }
-  | { kind: 'code'; lang: string; value: string }
-  | { kind: 'heading'; level: 1 | 2 | 3 | 4; segments: ParsedSegment[] }
-  | { kind: 'list'; items: ParsedSegment[][] }
-  | { kind: 'olist'; items: ParsedSegment[][]; start: number }
-  | { kind: 'quote'; segments: ParsedSegment[] };
-
-function parseTextBlocks(raw: string): ParsedBlock[] {
-  const blocks: ParsedBlock[] = [];
-  const lines = raw.split(/\n/);
-  let i = 0;
-  while (i < lines.length) {
-    const line = lines[i];
-    const trimmed = line.trim();
-    if (!trimmed) {
-      i++;
-      continue;
-    }
-    const heading = trimmed.match(/^(#{1,4})\s+(.*)$/);
-    if (heading) {
-      const level = Math.min(heading[1].length, 4) as 1 | 2 | 3 | 4;
-      blocks.push({
-        kind: 'heading',
-        level,
-        segments: tokenizeInline(heading[2]),
-      });
-      i++;
-      continue;
-    }
-    if (/^>\s+/.test(trimmed)) {
-      const quoteLines: string[] = [];
-      while (i < lines.length && /^\s*>\s?/.test(lines[i])) {
-        quoteLines.push(lines[i].replace(/^\s*>\s?/, ''));
-        i++;
-      }
-      blocks.push({
-        kind: 'quote',
-        segments: tokenizeInline(quoteLines.join('\n')),
-      });
-      continue;
-    }
-    if (/^[-*]\s+/.test(trimmed)) {
-      const items: ParsedSegment[][] = [];
-      while (i < lines.length && /^\s*[-*]\s+/.test(lines[i])) {
-        const itemText = lines[i].replace(/^\s*[-*]\s+/, '');
-        items.push(tokenizeInline(itemText));
-        i++;
-      }
-      blocks.push({ kind: 'list', items });
-      continue;
-    }
-    const olistMatch = trimmed.match(/^(\d+)\.\s+/);
-    if (olistMatch) {
-      const items: ParsedSegment[][] = [];
-      const start = Number(olistMatch[1]);
-      while (i < lines.length && /^\s*\d+\.\s+/.test(lines[i])) {
-        const itemText = lines[i].replace(/^\s*\d+\.\s+/, '');
-        items.push(tokenizeInline(itemText));
-        i++;
-      }
-      blocks.push({ kind: 'olist', items, start });
-      continue;
-    }
-    // Plain paragraph: gather consecutive non-empty lines
-    const paraLines: string[] = [];
-    while (
-      i < lines.length &&
-      lines[i].trim() &&
-      !/^(#{1,4})\s+/.test(lines[i].trim()) &&
-      !/^[-*]\s+/.test(lines[i].trim()) &&
-      !/^\d+\.\s+/.test(lines[i].trim()) &&
-      !/^>\s+/.test(lines[i].trim())
-    ) {
-      paraLines.push(lines[i]);
-      i++;
-    }
-    if (paraLines.length > 0) {
-      blocks.push({
-        kind: 'paragraph',
-        segments: tokenizeInline(paraLines.join('\n')),
-      });
-    }
-  }
-  return blocks;
-}
-
-function parseMessageBody(raw: string | null | undefined): ParsedBlock[] {
-  if (!raw) return [];
-  const cleaned = raw
-    .replace(/<\/?internal[^>]*>/gi, '')
-    .replace(/<\/?intern\.{3}/gi, '')
-    .trim();
-  if (!cleaned) return [];
-  const blocks: ParsedBlock[] = [];
-  const fenceRe = /```([A-Za-z0-9_+-]*)\n?([\s\S]*?)```/g;
-  let cursor = 0;
-  let m: RegExpExecArray | null;
-  while ((m = fenceRe.exec(cleaned)) !== null) {
-    if (m.index > cursor) {
-      const pre = cleaned.slice(cursor, m.index).trim();
-      if (pre) blocks.push(...parseTextBlocks(pre));
-    }
-    blocks.push({ kind: 'code', lang: m[1] || '', value: m[2] });
-    cursor = m.index + m[0].length;
-  }
-  if (cursor < cleaned.length) {
-    const tail = cleaned.slice(cursor).trim();
-    if (tail) blocks.push(...parseTextBlocks(tail));
-  }
-  return blocks;
-}
-
-function renderInlineSegments(
-  segments: ParsedSegment[],
-  truncate: number | undefined,
-  usedRef: { used: number },
-): ReactNode[] {
-  const out: ReactNode[] = [];
-  segments.forEach((s, j) => {
-    if (truncate && usedRef.used >= truncate) return;
-    const remaining = truncate ? truncate - usedRef.used : Infinity;
-    if (s.kind === 'text') {
-      const v =
-        s.value.length > remaining
-          ? `${s.value.slice(0, remaining)}…`
-          : s.value;
-      usedRef.used += v.length;
-      out.push(<span key={j}>{v}</span>);
-      return;
-    }
-    if (s.kind === 'inline-code') {
-      usedRef.used += s.value.length;
-      out.push(
-        <code className="parsed-icode" key={j}>
-          {s.value}
-        </code>,
-      );
-      return;
-    }
-    if (s.kind === 'bold') {
-      usedRef.used += s.value.length;
-      out.push(<strong key={j}>{s.value}</strong>);
-      return;
-    }
-    if (s.kind === 'italic') {
-      usedRef.used += s.value.length;
-      out.push(<em key={j}>{s.value}</em>);
-      return;
-    }
-    if (s.kind === 'strike') {
-      usedRef.used += s.value.length;
-      out.push(<s key={j}>{s.value}</s>);
-      return;
-    }
-    if (s.kind === 'url') {
-      usedRef.used += s.label.length;
-      out.push(
-        <a
-          className="parsed-url"
-          href={s.href}
-          key={j}
-          rel="noreferrer noopener"
-          target="_blank"
-        >
-          {s.label}
-        </a>,
-      );
-      return;
-    }
-    if (s.kind === 'mention') {
-      usedRef.used += s.value.length;
-      out.push(
-        <span className="parsed-mention" key={j}>
-          {s.value}
-        </span>,
-      );
-      return;
-    }
-    if (s.kind === 'path') {
-      usedRef.used += s.value.length;
-      out.push(
-        <code className="parsed-path" key={j}>
-          {s.value}
-        </code>,
-      );
-      return;
-    }
-    if (s.kind === 'marker') {
-      usedRef.used += s.value.length;
-      out.push(
-        <span className={`parsed-marker parsed-marker-${s.tone}`} key={j}>
-          {s.value}
-        </span>,
-      );
-      return;
-    }
-  });
-  return out;
-}
-
-function ParsedBody({
-  text,
-  truncate,
-}: {
-  text: string | null | undefined;
-  truncate?: number;
-}): ReactNode {
-  const cleaned = useMemo(() => {
-    if (!text) return '';
-    let out = text
-      .replace(SECRET_ASSIGNMENT_RE, (_m, key) => `${key}=***`)
-      .replace(SECRET_VALUE_RE, '***');
-    if (truncate && out.length > truncate) {
-      out = out.slice(0, truncate) + '…';
-    }
-    return out;
-  }, [text, truncate]);
-
-  if (!cleaned.trim()) {
-    return <span className="parsed-empty">—</span>;
-  }
-
-  return (
-    <div className="parsed-body">
-      <ReactMarkdown remarkPlugins={[remarkGfm]}>{cleaned}</ReactMarkdown>
-    </div>
-  );
-}
-
 function senderRoleClass(value: string | null | undefined): string {
   const v = (value ?? '').toLowerCase();
   if (v.includes('오너') || v.includes('owner')) return 'role-owner';
diff --git a/apps/dashboard/src/ParsedBody.tsx b/apps/dashboard/src/ParsedBody.tsx
new file mode 100644
index 0000000..580ac35
--- /dev/null
+++ b/apps/dashboard/src/ParsedBody.tsx
@@ -0,0 +1,37 @@
+import { useMemo, type ReactNode } from 'react';
+import ReactMarkdown from 'react-markdown';
+import remarkGfm from 'remark-gfm';
+
+const SECRET_ASSIGNMENT_RE =
+  /\b([A-Z0-9_]*(?:TOKEN|SECRET|PASSWORD|API_KEY|AUTH|PRIVATE_KEY)[A-Z0-9_]*)\s*=\s*([^\s"'`]+)/gi;
+const SECRET_VALUE_RE =
+  /\b(?:sk-[A-Za-z0-9_-]{12,}|gh[pousr]_[A-Za-z0-9_]{12,}|xox[baprs]-[A-Za-z0-9-]{12,}|eyJ[A-Za-z0-9_-]{20,}\.[A-Za-z0-9_-]{20,}\.[A-Za-z0-9_-]{10,})\b/g;
+
+export function ParsedBody({
+  text,
+  truncate,
+}: {
+  text: string | null | undefined;
+  truncate?: number;
+}): ReactNode {
+  const cleaned = useMemo(() => {
+    if (!text) return '';
+    let out = text
+      .replace(SECRET_ASSIGNMENT_RE, (_m, key) => `${key}=***`)
+      .replace(SECRET_VALUE_RE, '***');
+    if (truncate && out.length > truncate) {
+      out = out.slice(0, truncate) + '…';
+    }
+    return out;
+  }, [text, truncate]);
+
+  if (!cleaned.trim()) {
+    return <span className="parsed-empty">—</span>;
+  }
+
+  return (
+    <div className="parsed-body">
+      <ReactMarkdown remarkPlugins={[remarkGfm]}>{cleaned}</ReactMarkdown>
+    </div>
+  );
+}