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v3.19.1

Related Parties | 12 Months Ended
--- | ---
Dec. 31, 2018
Related Parties [Abstract] |
Related Parties |
50. | Related Parties
(1) | Related parties of the Company as of December 31, 2018 are as follows:
Type |  | Related party
Parent |  | Republic of Korea government
Subsidiaries (106 subsidiaries) |  | Korea Hydro & Nuclear Power Co., Ltd., Korea South-East Power Co., Ltd., Korea Midland Power Co., Ltd., Korea Western Power Co., Ltd., Korea Southern Power Co., Ltd., Korea East-West Power Co., Ltd., KEPCO Engineering & Construction Company, Inc., KEPCO Plant Service & Engineering Co., Ltd., KEPCO Nuclear Fuel Co., Ltd., KEPCO KDN Co., Ltd., Garolim Tidal Power Plant Co., Ltd., Gyeonggi Green Energy Co., Ltd., Korea Offshore Wind Power Co., Ltd., KOSEP Material Co., Ltd., KEPCO International HongKong Ltd., KEPCO International Philippines Inc., KEPCO Philippines Corporation, KEPCO Ilijan Corporation, KEPCO Gansu International Ltd., KEPCO Philippines Holdings Inc., KEPCO Lebanon SARL, KEPCO Neimenggu International Ltd., KEPCO Australia Pty., Ltd., KEPCO Shanxi International Ltd., KOMIPO Global Pte Ltd., KOSEP Australia Pty., Ltd., KOMIPO Australia Pty., Ltd., KOWEPO Australia Pty., Ltd.,KOSPO Australia Pty., Ltd., KEPCO Netherlands B.V., KOREA Imouraren Uranium Investment Corp., KEPCO Middle East Holding Company, Qatrana Electric Power Company, Korea Electric Power Nigeria Ltd., KOWEPO International Corporation, KOSPO Jordan LLC, Korea Waterbury Uranium Limited Partnership, PT. Cirebon Power Service, EWP America Inc., KHNP Canada Energy, Ltd., KEPCO Bylong Australia Pty., Ltd., KNF Canada Energy Limited, KEPCO Holdings de Mexico, KST Electric Power Company, KEPCO Energy Service Company, KEPCO Netherlands S3 B.V., PT. KOMIPO Pembangkitan Jawa Bali, EWP (Barbados) 1 SRL, PT. Tanggamus Electric Power, KOMIPO America Inc, KOSEP USA, INC., PT. EWP Indonesia, KEPCO Netherlands J3 B.V., Global One Pioneer B.V., Global Energy Pioneer B.V., Mira Power Limited, EWP Philippines Corporation, KEPCO Singapore Holdings Pte., Ltd., KEPCO KPS Philippines Corp., KOSPO Chile SpA, PT. KOWEPO Sumsel Operation And Maintenance Services, Commerce and Industry Energy Co., Ltd., Gyeongju Wind Power Co., Ltd., California Power Holdings, LLC, DG Fairhaven Power, LLC, DG Whitefield, LLC, EWP Renewable Corporation, EWPRC Biomass Holdings, LLC, Springfield Power, LLC, HeeMang Sunlight Power Co., Ltd., Fujeij Wind Power Company, KOSPO Youngnam Power Co., Ltd., HI Carbon Professional Private Special Asset Investment Trust 1, Chitose Solar Power Plant LLC., Solar School Plant Co., Ltd., KEPCO Energy Solution Co. Ltd., KOSPO Power Services Limitada, KOEN Bylong Pty., Ltd., KOWEPO Bylong Pty., Ltd., KOSPO Bylong Pty., Ltd., EWP Bylong Pty., Ltd., KOWEPO Lao International, KOMIPO Bylong Pty Ltd., Energy New Industry Specialized Investment Private Investment Trust., KEPCO US Inc., KEPCO Alamosa LLC, KEPCO Solar of Alamosa, LLC (formerly, Cogentrix of Alamosa, LLC), KEPCO-LG CNS Mangilao Holdings LLC, Mangilao Investment LLC, KEPCO-LG CNS Mangilao Solar, LLC Jeju Hanlim Offshore Wind Co., Ltd., PT, Siborpa Eco Power, e-New Industry LB Fund 1, Songhyun e-New Industry Fund, BSK
|  | E-New Industry Fund VII, PT. Korea Energy Indonesia, KOLAT SpA, KEPCO California, LLC, KEPCO Mojave Holdings, LLC, Incheon Fuel Cell Co., Ltd., KOEN Service Co., Ltd., KOMIPO Service Co., Ltd., KOWEPO Service Co., Ltd., KOSPO Service Co., Ltd., EWP Service Co., Ltd., PT. KOMIPO Energy Indonesia
Associates (58 associates) |  | Dongducheon Dream Power Co., Ltd., Korea Gas Corporation, SE Green Energy Co., Ltd., Daegu Photovoltaic Co., Ltd., Jeongam Wind Power Co., Ltd., Korea Power Engineering Service Co., Ltd., Heang Bok Do Si Photovoltaic Power Co., Ltd., Korea Electric Power Industrial Development Co., Ltd., Goseong Green Energy Co., Ltd., Gangneung Eco Power Co., Ltd., Shin Pyeongtaek Power Co., Ltd., Naepo Green Energy Co., Ltd., Noeul Green Energy Co., Ltd., YTN Co., Ltd., Cheongna Energy Co., Ltd., Samcheok Eco Materials Co., Ltd., Gangwon Wind Power Co., Ltd., Gwangyang Green Energy Co., Ltd., Hyundai Green Power Co., Ltd., Korea Power Exchange, AMEC Partners Korea Ltd., Hyundai Energy Co., Ltd., Ecollite Co., Ltd., Taebaek Wind Power Co., Ltd., Taeback Guinemi Wind Power Co., Ltd., Pyeongchang Wind Power Co., Ltd., Daeryun Power Co., Ltd., Changjuk Wind Power Co., Ltd., KNH Solar Co., Ltd., S-Power Co., Ltd., Hadong Mineral Fiber Co., Ltd., Green Biomass Co., Ltd., SPC Power Corporation, Gemeng International Energy Co., Ltd., PT. Cirebon Electric Power, KNOC Nigerian East Oil Co., Ltd., KNOC Nigerian West Oil Co., Ltd., PT Wampu Electric Power, PT. Bayan Resources TBK, Nepal Water & Energy Development Company Private Limited, Pioneer Gas Power Limited, Eurasia Energy Holdings, Xe-Pian Xe-Namnoy Power Co., Ltd., PT. Mutiara Jawa, Jinbhuvish Power Generation Pvt. Ltd., Busan Green Energy Co., Ltd., Gunsan Bio Energy Co., Ltd., Korea Electric Vehicle Charging Service, Ulleungdo Natural Energy Co., Ltd., Korea Nuclear Partners Co., Ltd., Tamra Offshore Wind Power Co., Ltd., Korea Electric Power Corporation Fund, Energy Infra Asset Management Co., Ltd., Daegu clean Energy Co., Ltd., YaksuESS Co., Ltd, PND solar., Ltd, Hyundai Eco Energy Co., Ltd., YeongGwang Yaksu Wind Electric. Co., Ltd
Joint ventures (55 joint ventures) |  | Daegu Green Power Co., Ltd., KEPCO SPC Power Corporation, Daejung Offshore Wind Power Co., Ltd., KAPES, Inc., Dangjin Eco Power Co., Ltd., Honam Wind Power Co., Ltd., Seokmun Energy Co., Ltd., Incheon New Power Co., Ltd., Chun-cheon Energy Co., Ltd., Yeonggwangbaeksu Wind Power Co., Ltd., KW Nuclear Components Co., Ltd., KEPCO-Uhde Inc., GS Donghae Electric Power Co., Ltd., Busan Shinho Solar Power Co., Ltd., Global Trade Of Power System Co., Ltd., Expressway Solar-light Power Generation Co., Ltd., Gansu Datang Yumen Wind Power Co., Ltd., Datang Chifeng Renewable Power Co., Ltd., Rabigh Electricity Company, Eco Biomass Energy Sdn. Bhd., Rabigh Operation & Maintenance Company Limited, Datang KEPCO Chaoyang Renewable Power Co., Ltd., Shuweihat Asia Power Investment B.V., Shuweihat Asia Operation & Maintenance Company, Waterbury Lake Uranium L.P., ASM-BG Investicii AD, RES Technology AD, Jamaica Public Service Company Limited, KV Holdings, Inc., Amman Asia Electric Power Company, Kelar S.A, PT. Tanjung Power Indonesia, Nghi Son 2 Power LLC, Daehan Wind Power PSC, MOMENTUM, Barakah One Company, Nawah Energy Company,
|  | Yeonggwang Wind Power Co., Ltd., Chester Solar IV SpA, Chester Solar V SpA, Diego de Almagro Solar SpA, South Jamaica Power Company Limited, Daesan Green Energy Co.,Ltd., RE Holiday Holdings LLC, RE Pioneer Holdings LLC, RE Barren Ridge 1 Holdings LLC, RE Astoria 2 LandCo LLC, RE Barren Ridge LandCo LLC, Laurel SpA, KIAMCO KOWEPO Bannerton Hold Co Pty Ltd, Chile Solar JV SpA, Taebaek Gadeoksan Wind Power Co., Ltd., Cheong-Song Noraesan Wind Power Co., Ltd., Chester Solar I SpA, Solar Philippines Calatagan Corporation
Others (2 others) |  | Korea Development Bank, KOWEPO India Private Limited
(2) | Transactions between the Company and its subsidiaries are eliminated during the consolidation and are not disclosed in notes.
(3) | Related party transactions for the years ended December 31, 2016, 2017 and 2018 are as follows:
<Sales and Others>
|  |  |  |  |  |  |  | Sales and others |
Company name |  | Transaction type |  |  |  |  |  | 2016 |  |  | 2017 |  |  | 2018 |
|  |  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |
Dongducheon Dream Power Co., Ltd. |  |  | Electricity sales |  |  | ￦ |  |  |  |  | 15,221 |  |  |  | 17,041 |  |  |  | 6,093 |
Korea Gas Corporation |  |  | Electricity sales |  |  |  |  |  |  |  | 89,030 |  |  |  | 88,011 |  |  |  | 99,933 |
Daegu Photovoltaic Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 349 |  |  |  | 128 |
Jeongam Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 6 |  |  |  | 30 |  |  |  | 724 |
Korea Power Engineering Service Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 1,455 |  |  |  | 1,317 |  |  |  | 840 |
KS Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 20 |  |  |  | 5 |  |  |  | — |
Heang Bok Do Si Photovoltaic Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  |  | 2 |
Korea Electric Power Industrial Development Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 10,723 |  |  |  | 14,044 |  |  |  | 10,422 |
Goseong Green Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 9,195 |  |  |  | 24,069 |  |  |  | 10,024 |
Gangneung Eco Power Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 5,223 |  |  |  | 2,391 |  |  |  | 4,928 |
Shin Pyeongtaek Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 3,579 |  |  |  | 9,025 |  |  |  | 8,468 |
Naepo Green Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 104 |  |  |  | 185 |  |  |  | 160 |
Noeul Green Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 177 |  |  |  | 32 |  |  |  | 30 |
Samcheok Eco Materials Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 64 |  |  |  | 237 |  |  |  | 605 |
YTN Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1,785 |  |  |  | 1,987 |  |  |  | 2,043 |
Busan Green Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 133 |  |  |  | 120 |  |  |  | 19 |
Gunsan Bio Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 6 |  |  |  | — |  |  |  | 3,611 |
Korea Electric Vehicle Charging Service |  |  | Electricity sales |  |  |  |  |  |  |  | 89 |  |  |  | 700 |  |  |  | 578 |
Ulleungdo Natural Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 691 |  |  |  | 1,013 |  |  |  | 292 |
Tamra Offshore Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 12 |  |  |  | 55 |  |  |  | 58 |
Daegu clean Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | 421 |  |  |  | 126 |
Cheongna Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 6,831 |  |  |  | 7,980 |  |  |  | 11,688 |
Gangwon Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1,273 |  |  |  | 994 |  |  |  | 2,402 |
Gwangyang Green Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 874 |
Hyundai Green Power Co., Ltd. |  |  | Design service |  |  |  |  |  |  |  | 14,835 |  |  |  | 14,280 |  |  |  | 14,031 |
Korea Power Exchange |  |  | Service |  |  |  |  |  |  |  | 7,141 |  |  |  | 8,446 |  |  |  | 6,854 |
Hyundai Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 24,719 |  |  |  | 15,627 |  |  |  | 1,718 |
Taebaek Wind Power Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 796 |  |  |  | 813 |  |  |  | 614 |
Pyeongchang Wind Power Co., Ltd. |  |  | Design service |  |  |  |  |  |  |  | 497 |  |  |  | 1,176 |  |  |  | 1,166 |
Daeryun Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1,516 |  |  |  | 1,796 |  |  |  | 1,731 |
Changjuk Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 863 |  |  |  | 788 |  |  |  | 758 |
KNH Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 17 |  |  |  | 17 |  |  |  | 17 |
S-Power Co., Ltd. |  |  | Service |  |  |  |  |  |  | ￦ | 5,994 |  |  |  | 12,852 |  |  |  | 9,118 |
PND solar., Ltd |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 12 |
Busan Solar Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 8 |  |  |  | — |  |  |  | — |
Green Biomass Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 2 |  |  |  | — |  |  |  | — |
SPC Power Corporation |  |  | Dividend income |  |  |  |  |  |  |  | 8,346 |  |  |  | 5,562 |  |  |  | 9,549 |
Gemeng International Energy Co., Ltd. |  |  | Dividend income |  |  |  |  |  |  |  | 16,476 |  |  |  | 13,365 |  |  |  | 11,246 |
PT. Cirebon Electric Power |  |  | Dividend income |  |  |  |  |  |  |  | — |  |  |  | 550 |  |  |  | 4,432 |
Dolphin Property Limited |  |  | Dividend income |  |  |  |  |  |  |  | 35 |  |  |  | — |  |  |  | — |
PT. Bayan Resources TBK |  |  | Service |  |  |  |  |  |  |  | 160 |  |  |  | 717 |  |  |  | 33,817 |
Nepal Water & Energy Development Company Private Limited |  |  | Service |  |  |  |  |  |  |  | 375 |  |  |  | 900 |  |  |  | 536 |
Pioneer Gas Power Limited |  |  | Rental income and others |  |  |  |  |  |  |  | 164 |  |  |  | 62 |  |  |  | 26 |
Xe-Pian Xe-Namnoy Power Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 773 |  |  |  | 661 |  |  |  | 672 |
PT. Mutiara Jawa |  |  | Rental income and others |  |  |  |  |  |  |  | — |  |  |  | 47 |  |  |  | 40 |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |
Daegu Green Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 768 |  |  |  | 1,131 |  |  |  | 1,022 |
KEPCO SPC Power Corporation |  |  | Service |  |  |  |  |  |  |  | 10,344 |  |  |  | 45,005 |  |  |  | 43,141 |
Daejung Offshore Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
KAPES, Inc. |  |  | Commission |  |  |  |  |  |  |  | 1,176 |  |  |  | 1,420 |  |  |  | 648 |
Dangjin Eco Power Co., Ltd. |  |  | Technical fee |  |  |  |  |  |  |  | 1,787 |  |  |  | 670 |  |  |  | 3,424 |
Honam Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 169 |  |  |  | 552 |  |  |  | 415 |
Seokmun Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 1,627 |  |  |  | 1,765 |  |  |  | 1,897 |
Incheon New Power Co., Ltd. |  |  | Construction revenue |  |  |  |  |  |  |  | 524 |  |  |  | 539 |  |  |  | 568 |
Chun-cheon Energy Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 3,079 |  |  |  | 4,855 |  |  |  | 2,471 |
Yeonggwangbaeksu Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 1,591 |  |  |  | 1,654 |  |  |  | 1,540 |
Yeonggwang Wind Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 46 |
KW Nuclear Components Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 3,327 |  |  |  | 644 |  |  |  | 839 |
KEPCO-Uhde Inc. |  |  | Service |  |  |  |  |  |  |  | 6 |  |  |  | 34 |  |  |  | 17 |
GS Donghae Electric Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 12,994 |  |  |  | 11,204 |  |  |  | 7,238 |
Busan Shinho Solar Power Co., Ltd. |  |  | Electricity sales |  |  |  |  |  |  |  | 210 |  |  |  | 87 |  |  |  | 362 |
Datang Chifeng Renewable Power Co., Ltd. |  |  | Interest income |  |  |  |  |  |  |  | 8,216 |  |  |  | 500 |  |  |  | 19,013 |
Rabigh Electricity Company |  |  | Service |  |  |  |  |  |  |  | 699 |  |  |  | 19,179 |  |  |  | 29,167 |
Rabigh Operation & Maintenance Company Limited |  |  | Service |  |  |  |  |  |  |  | 2,395 |  |  |  | 2,784 |  |  |  | 1,707 |
Datang Chaoyang Renewable Power Co., Ltd. |  |  | Dividend income |  |  |  |  |  |  |  | — |  |  |  | 839 |  |  |  | — |
Shuweihat Asia Power Investment B.V. |  |  | Dividend income |  |  |  |  |  |  |  | 2,957 |  |  |  | 1,707 |  |  |  | 499 |
Shuweihat Asia Operation & Maintenance Company |  |  | Service |  |  |  |  |  |  |  | 1,179 |  |  |  | 1,319 |  |  |  | 1,046 |
ASM-BG Investicii AD |  |  | Service |  |  |  |  |  |  |  | 322 |  |  |  | 1,062 |  |  |  | 1,153 |
Jamaica Public Service Company Limited |  |  | Service |  |  |  |  |  |  |  | 1,905 |  |  |  | — |  |  |  | 5,160 |
KV Holdings, Inc. |  |  | Dividend income |  |  |  |  |  |  |  | 302 |  |  |  | — |  |  |  | 735 |
Datang KEPCO Chaoyang Renewable Co., Ltd. |  |  | Dividend income |  |  |  |  |  |  |  | 440 |  |  |  | — |  |  |  | — |
Amman Asia Electric Power Company |  |  | Service |  |  |  |  |  |  |  | 21,915 |  |  |  | 14,205 |  |  |  | 16,569 |
Kelar S.A |  |  | Service |  |  |  |  |  |  |  | 1,702 |  |  |  | 570 |  |  |  | — |
Nghi Son 2 Power LLC |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | 2,693 |  |  |  | 25,880 |
Barakah One Company |  |  | Service |  |  |  |  |  |  |  | 25,244 |  |  |  | 7,059 |  |  |  | 7,777 |
Nawah Energy Company |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | 34,421 |  |  |  | 51,144 |
South Jamaica Power Company Limited |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 152 |
RE Holiday Holdings LLC |  |  | Dividend income |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 112 |
RE Pioneer Holdings LLC |  |  | Dividend income |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 979 |
RE Barren Ridge 1 Holdings LLC |  |  | Dividend income |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,114 |
RE Astoria 2 LandCo LLC |  |  | Dividend income |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 504 |
RE Barren Ridge LandCo LLC |  |  | Dividend income |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 202 |
<Others> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yeongwol Energy Station Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 858 |  |  |  | 830 |  |  |  | 373 |
DS POWER Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 35,133 |  |  |  | 5,819 |  |  |  | 565 |
Korea Development Bank |  |  | Electricity sales |  |  |  |  |  |  |  | 3,102 |  |  |  | 3,239 |  |  |  | 3,524 |
|  |  | Interest income |  |  |  |  |  |  |  | 3,164 |  |  |  | 1,685 |  |  |  | 4,438 |
<Purchase and Others>
|  |  |  |  |  |  |  | Purchase and others |
Company name |  | Transaction type |  |  |  |  |  | 2016 |  |  | 2017 |  |  | 2018 |
|  |  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |
Dongducheon Dream Power Co., Ltd. |  |  | Electricity purchase |  |  | ￦ |  |  |  |  | 946,463 |  |  |  | 813,440 |  |  |  | 828,547 |
Korea Gas Corporation |  |  | Purchase of power generation fuel |  |  |  |  |  |  |  | 3,633,198 |  |  |  | 3,245,519 |  |  |  | 5,191,243 |
Daegu Photovoltaic Co., Ltd. |  |  | REC purchase |  |  |  |  |  |  |  | 3,243 |  |  |  | 3,646 |  |  |  | 3,745 |
Korea Power Engineering Service Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 723 |  |  |  | 1,292 |  |  |  | 1,765 |
KS Solar Co., Ltd. |  |  | REC purchase |  |  |  |  |  |  |  | 4,080 |  |  |  | 900 |  |  |  | — |
Heang Bok Do Si Photovoltaic Power Co., Ltd. |  |  | Rental fee and others |  |  |  |  |  |  |  | 410 |  |  |  | 570 |  |  |  | 455 |
Korea Electric Power Industrial Development Co., Ltd. |  |  | Electricity metering service fee |  |  |  |  |  |  |  | 250,057 |  |  |  | 289,293 |  |  |  | 261,668 |
Gangneung Eco Power Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 19 |
Noeul Green Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | 15,862 |  |  |  | 18,282 |
Samcheok Eco Materials Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | — |  |  |  | 14 |  |  |  | 3,819 |
YTN Co., Ltd. |  |  | Advertisement fee |  |  |  |  |  |  |  | 554 |  |  |  | 731 |  |  |  | 322 |
Busan Green Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | 12,189 |  |  |  | 25,123 |
Korea Electric Vehicle Charging Service |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | 1,093 |  |  |  | 605 |
Ulleungdo Natural Energy Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 60 |  |  |  | 119 |  |  |  | 63 |
Tamra Offshore Wind Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | — |  |  |  | 2,105 |  |  |  | 8,371 |
Cheongna Energy Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 73 |  |  |  | 59 |  |  |  | 58 |
Gangwon Wind Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 22,780 |  |  |  | 25,968 |  |  |  | 25,407 |
Hyundai Green Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 469,547 |  |  |  | 458,378 |  |  |  | 480,815 |
Korea Power Exchange |  |  | Trading Fees |  |  |  |  |  |  |  | 91,433 |  |  |  | 207,855 |  |  |  | 137,489 |
Hyundai Energy Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 1,313 |  |  |  | 87,607 |  |  |  | 3,445 |
Taebaek Wind Power Co., Ltd. |  |  | REC purchase |  |  |  |  |  |  |  | 5,741 |  |  |  | 6,534 |  |  |  | 8,582 |
Pyeongchang Wind Power Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 1,594 |  |  |  | 4,033 |  |  |  | 6,994 |
Daeryun Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 244,023 |  |  |  | 146,189 |  |  |  | 184,063 |
Changjuk Wind Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 5,786 |  |  |  | 6,981 |  |  |  | 7,929 |
KNH Solar Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 4,006 |  |  |  | 3,947 |  |  |  | 3,586 |
S-Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 437,206 |  |  |  | 457,329 |  |  |  | 507,875 |
Busan Solar Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 1,079 |  |  |  | — |  |  |  | — |
Hadong Mineral Fiber Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 60 |
Green Biomass Co., Ltd. |  |  | Woodchip purchase |  |  |  |  |  |  |  | 2,232 |  |  |  | 1,345 |  |  |  | 440 |
YeongGwang Yaksu Wind Electric. Co., Ltd |  |  | Electricity purchase |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,437 |
Nepal Water & Energy Development Company Private Limited |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | 72 |  |  |  | 31 |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Daegu Green Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 263,797 |  |  |  | 252,024 |  |  |  | 287,008 |
KAPES, Inc. |  |  | Service |  |  |  |  |  |  |  | 140,555 |  |  |  | 164,165 |  |  |  | 77,758 |
Honam Wind Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 6,776 |  |  |  | 5,962 |  |  |  | 7,700 |
Seokmun Energy Co., Ltd. |  |  | REC purchase |  |  |  |  |  |  |  | — |  |  |  | 21,674 |  |  |  | 31,759 |
Chun-cheon Energy Co., Ltd. |  |  | REC purchase |  |  |  |  |  |  |  | — |  |  |  | 194,136 |  |  |  | 320,954 |
Yeonggwangbaeksu Wind Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 11,208 |  |  |  | 11,124 |  |  |  | 11,366 |
GS Donghae Electric Power Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 903 |  |  |  | 351,367 |  |  |  | 780,233 |
Busan Shinho Solar Power Co., Ltd. |  |  | REC purchase |  |  |  |  |  |  |  | 6,770 |  |  |  | 7,984 |  |  |  | 7,901 |
Global Trade Of Power System Co., Ltd. |  |  | Service |  |  |  |  |  |  |  | 882 |  |  |  | 414 |  |  |  | 565 |
Expressway Solar-light Power Generation Co., Ltd. |  |  | Electricity purchase |  |  |  |  |  |  |  | 2,942 |  |  |  | 2,941 |  |  |  | 3,513 |
ASM-BG Investicii AD |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1 |
Jamaica Public Service Company Limited |  |  | Service |  |  |  |  |  |  |  | 127 |  |  |  | 154 |  |  |  | 83 |
Barakah One Company |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | 2,631 |  |  |  | 1,145 |
South Jamaica Power Company Limited |  |  | Service |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 67 |
<Others> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yeongwol Energy Station Co., Ltd. |  |  | REC purchase |  |  |  |  |  |  |  | 14,875 |  |  |  | 14,256 |  |  |  | 4,019 |
Korea Development Bank |  |  | Interest expense |  |  |  |  |  |  |  | 8,231 |  |  |  | 4,573 |  |  |  | 5,043 |
|  |  | Dividend paid |  |  |  |  |  |  |  | 654,829 |  |  |  | 418,407 |  |  |  | 166,876 |
(4) | Receivables and payables arising from related party transactions as of December 31, 2017 and 2018 are as follows:
|  |  |  |  |  |  |  | Receivables |  |  | Payables |
Company name |  | Type |  |  |  |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |
|  |  |  |  |  |  |  | In millions of won |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dongducheon Dream Power Co., Ltd. |  |  | Trade receivables |  |  | ￦ |  |  |  |  | 2,230 |  |  |  | 332 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 655 |  |  |  | 298 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 77,817 |  |  |  | 74,651 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10 |
Korea Gas Corporation |  |  | Trade receivables |  |  |  |  |  |  |  | 9,833 |  |  |  | 9,439 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 339 |  |  |  | 498 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 524,881 |  |  |  | 601,092 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 569 |  |  |  | 314 |
Daegu Photovoltaic Co., Ltd. |  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 71 |  |  |  | 83 |
Jeongam Wind Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | — |  |  |  | 151 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 2 |
Korea Electric Power Industrial Development Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 333 |  |  |  | 278 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 42 |  |  |  | 51 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 18,006 |  |  |  | 13,102 |
Goseong Green Energy Co., Ltd. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 7,140 |  |  |  | 43,020 |
Gangneung Eco Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 4,747 |  |  |  | 99 |  |  |  | — |  |  |  | — |
Shin Pyeongtaek Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | — |  |  |  | 123 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 210 |  |  |  | 242 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 52 |  |  |  | 82 |
Naepo Green Energy Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 17 |  |  |  | 17 |  |  |  | — |  |  |  | — |
Noeul Green Energy Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 3 |  |  |  | 3 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 2,041 |  |  |  | 8,774 |
Samcheok Eco Materials Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 20 |  |  |  | 61 |  |  |  | — |  |  |  | — |
YTN Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 98 |  |  |  | 98 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 209 |  |  |  | 11 |
Busan Green Energy Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 7 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 1,691 |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,882 |
Gunsan Bio Energy Co., Ltd. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | — |  |  |  | 3,458 |  |  |  | — |  |  |  | — |
Korea Electric Vehicle Charging Service |  |  | Trade receivables |  |  |  |  |  |  |  | 23 |  |  |  | 69 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | — |  |  |  | 354 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 45 |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 56 |
Daegu Clean Energy Co., Ltd. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | — |  |  |  | 17 |  |  |  | — |  |  |  | — |
Cheongna Energy Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 182 |  |  |  | 183 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |
Gangwon Wind Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 6 |  |  |  | 10 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3,033 |  |  |  | 2,547 |
Hyundai Green Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 946 |  |  |  | 390 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 32,589 |  |  |  | 38,072 |
Korea Power Exchange |  |  | Trade receivables |  |  |  |  |  |  |  | 463 |  |  |  | 847 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 128 |  |  |  | 229 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,142 |  |  |  | 1,214 |
Hyundai Energy Co., Ltd. |  |  | Trade receivables |  |  | ￦ |  |  |  |  | 49 |  |  |  | 57 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 6,598 |  |  |  | 9,664 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 223 |  |  |  | 259 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 13,796 |  |  |  | 8,021 |
<Associates> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ecollite Co., Ltd. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 210 |  |  |  | 210 |  |  |  | — |  |  |  | — |
Taebaek Wind Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 116 |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 533 |  |  |  | 453 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 121 |  |  |  | 291 |
Pyeongchang Wind Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 3 |  |  |  | 4 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 163 |  |  |  | 25 |
Daeryun Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 162 |  |  |  | 178 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 15,706 |  |  |  | 15,845 |
Changjuk Wind Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 101 |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 515 |  |  |  | 455 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 546 |  |  |  | 273 |
KNH Solar Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 193 |  |  |  | — |
S-Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 117 |  |  |  | 922 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 5,183 |  |  |  | 34 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 25,061 |  |  |  | 56,897 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 16 |
Green Biomass Co., Ltd. |  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 85 |  |  |  | — |
PND solar., Ltd |  |  | Trade receivables |  |  |  |  |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |
YeongGwang Yaksu Wind Electric. Co., Ltd |  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,679 |
SPC Power Corporation |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 76 |  |  |  | 73 |  |  |  | — |  |  |  | — |
Nepal Water & Energy Development Company Private Limited |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 227 |  |  |  | 311 |  |  |  | — |  |  |  | — |
Xe-Pian Xe-Namnoy Power Co., Ltd. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 53 |  |  |  | 61 |  |  |  | — |  |  |  | — |
PT. Mutiara Jawa |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | — |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Daegu Green Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 98 |  |  |  | 110 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 10 |  |  |  | 12 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 25,257 |  |  |  | 32,609 |
KAPES, Inc. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | — |  |  |  | 253 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 55 |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 338 |
Dangjin Eco Power Co., Ltd. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 1,211 |  |  |  | 18 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 41 |  |  |  | — |
Honam Wind Power Co., Ltd. |  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 381 |  |  |  | 432 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3,013 |  |  |  | 3,573 |
Seokmun Energy Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 93 |  |  |  | 39 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 276 |  |  |  | 303 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 3,052 |  |  |  | 5,043 |
Incheon New Power Co., Ltd. |  |  | Trade receivables |  |  | ￦ |  |  |  |  | 128 |  |  |  | 128 |  |  |  | — |  |  |  | — |
Chun-cheon Energy Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 129 |  |  |  | 20 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 252 |  |  |  | 308 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 29,676 |  |  |  | 33,796 |
<Joint ventures> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yeonggwangbaeksu Wind Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 7 |  |  |  | 7 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 144 |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 619 |  |  |  | 736 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 1,300 |  |  |  | 789 |
Yeonggwang Wind Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | — |
KW Nuclear Components Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 4 |  |  |  | 4 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | — |  |  |  | 31 |  |  |  | — |  |  |  | — |
KEPCO-Uhde Inc. |  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 4 |
GS Donghae Electric Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 450 |  |  |  | 245 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 1,892 |  |  |  | 2,537 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 73,570 |  |  |  | 69,820 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 59 |
Busan Shinho Solar Power Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 2 |  |  |  | 2 |  |  |  | — |  |  |  | — |
|  |  | Trade payables |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 159 |  |  |  | 175 |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 811 |  |  |  | 717 |
Datang Chifeng Renewable Power Co., Ltd. |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 82 |  |  |  | — |  |  |  | — |  |  |  | — |
Rabigh Operation & Maintenance Company Limited |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 869 |  |  |  | 449 |  |  |  | — |  |  |  | — |
ASM-BG Investicii AD |  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 37 |  |  |  | 38 |  |  |  | — |  |  |  | — |
Jamaica Public Service Company Limited |  |  | Trade receivables |  |  |  |  |  |  |  | — |  |  |  | 594 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 24 |
Amman Asia Electric Power Company |  |  | Trade receivables |  |  |  |  |  |  |  | 2,675 |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18,351 |
Nawah Energy Company |  |  | Trade receivables |  |  |  |  |  |  |  | 10,419 |  |  |  | 29,614 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | — |  |  |  | 253 |  |  |  | — |  |  |  | — |
<Others> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Yeongwol Energy Station Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 7,068 |  |  |  | — |  |  |  | — |  |  |  | — |
DS POWER Co., Ltd. |  |  | Trade receivables |  |  |  |  |  |  |  | 340 |  |  |  | — |  |  |  | — |  |  |  | — |
Korea Development Bank |  |  | Accrued interest income |  |  |  |  |  |  |  | 204 |  |  |  | 1,147 |  |  |  | — |  |  |  | — |
|  |  | Non-trade receivables and others |  |  |  |  |  |  |  | 501,029 |  |  |  | 12,125 |  |  |  | — |  |  |  | — |
|  |  | Non-trade payables and others |  |  |  |  |  |  |  | — |  |  |  | — |  |  |  | 200 |  |  |  | 218 |
|  |  | Derivatives |  |  |  |  |  |  |  | 569 |  |  |  | 27,306 |  |  |  | 22,398 |  |  |  | 18,095 |
(5) | Loans and others arising from related party transactions as of December 31, 2017 and 2018 are as follows:
Type |  | Company name |  |  |  |  | Beginning balance |  |  | Loans |  |  | Collection |  |  | Others |  |  | Ending balance |
|  | In millions of won |
Associates |  | KNOC Nigerian East Oil Co., Ltd., KNOC Nigerian West Oil Co., Ltd. |  | ￦ |  |  |  |  | 26,341 |  |  |  | 229 |  |  |  | — |  |  |  | 1,064 |  |  |  | 27,634 |
|  | (Allowance for doubtful accounts) |  |  |  |  |  |  | (16,551 | ) |  |  | — |  |  |  | 4,072 |  |  |  | 6,414 |  |  |  | (6,065 | )
Associates |  | PT. Cirebon Electric Power |  |  |  |  |  |  | 15,436 |  |  |  | 1,283 |  |  |  | (8,522 | ) |  |  | 499 |  |  |  | 8,696 |
Associates |  | Xe-Pian Xe-Namnoy Power Co., Ltd. |  |  |  |  |  |  | 1,413 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,413 |
Associates |  | PT Wampu Electric Power |  |  |  |  |  |  | 13,288 |  |  |  | 970 |  |  |  | — |  |  |  | 622 |  |  |  | 14,880 |
Associates |  | Gunsan Bio Energy Co., Ltd. |  |  |  |  |  |  | 9,396 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,396 |
Associates |  | Hyundai Energy Co., Ltd. |  |  |  |  |  |  | 2,465 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,465 |
|  | (Allowance for doubtful accounts) |  |  |  |  |  |  | (2,465 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,465 | )
Joint ventures |  | KEPCO SPC Power Corporation |  |  |  |  |  |  | 17,249 |  |  |  | — |  |  |  | (17,715 | ) |  |  | 466 |  |  |  | — |
Joint ventures |  | Datang Chifeng Renewable Power Co., Ltd. |  |  |  |  |  |  | 7,245 |  |  |  | — |  |  |  | (7,440 | ) |  |  | 195 |  |  |  | — |
Joint ventures |  | Nghi Son 2 Power LLC |  |  |  |  |  |  | — |  |  |  | 4,566 |  |  |  | (4,566 | ) |  |  | — |  |  |  | — |
Joint ventures |  | KODE NOVUS II LLC (*) |  |  |  |  |  |  | 4,018 |  |  |  | — |  |  |  | — |  |  |  | (4,018 | ) |  |  | — |
|  | (Allowance for doubtful accounts) (*) |  |  |  |  |  |  | (4,018 | ) |  |  | — |  |  |  | — |  |  |  | 4,018 |  |  |  | — |
Joint ventures |  | Kelar S.A |  |  |  |  |  |  | 46,620 |  |  |  | — |  |  |  | — |  |  |  | 2,074 |  |  |  | 48,694 |
Joint ventures |  | Daehan Wind Power PSC |  |  |  |  |  |  | 1,211 |  |  |  | — |  |  |  | (606 | ) |  |  | (605 | ) |  |  | — |
Joint ventures |  | Chester Solar IV SpA |  |  |  |  |  |  | 4,607 |  |  |  | — |  |  |  | (4,607 | ) |  |  | — |  |  |  | — |
Joint ventures |  | Chun-cheon Energy Co., Ltd. |  |  |  |  |  |  | — |  |  |  | 616 |  |  |  | — |  |  |  | — |  |  |  | 616 |
|  |  |  | ￦ |  |  |  |  | 126,255 |  |  |  | 7,664 |  |  |  | (39,384 | ) |  |  | 10,729 |  |  |  | 105,264 |
(*) | The loans of KODE NOVUS II LLC is eliminated because the Company sold all of its shares of KODE NOVUS II LLC during the year ended December 31, 2018 as described in note 20.
(6) | Borrowings arising from related party transactions as of December 31, 2017 and 2018 are as follows:
Related parties |  | Type |  |  |  |  | Beginning balance |  |  | Borrowings |  |  | Repayment |  |  | Others |  |  | Ending balance |
|  |  |  |  |  |  | In millions of won |
Korea Development Bank |  | Facility |  | ￦ |  |  |  |  | 93,883 |  |  |  | 1,200 |  |  |  | (28,290 | ) |  |  | — |  |  |  | 66,793 |
|  | Others |  |  |  |  |  |  | 4,909 |  |  |  | — |  |  |  | (755 | ) |  |  | — |  |  |  | 4,154 |
|  | Operating funds |  |  |  |  |  |  | 61,000 |  |  |  | 32,000 |  |  |  | (12,000 | ) |  |  | — |  |  |  | 81,000 |
|  | Syndicated Loan |  |  |  |  |  |  | 16,301 |  |  |  | — |  |  |  | (125 | ) |  |  | 1,100 |  |  |  | 17,276 |
(7) | Guarantees provided to associates or joint ventures as of December 31, 2018 are as follows:
Primary guarantor |  | Principal obligor |  | Type of guarantees |  | Credit limit |  |  | Guarantee
In millions of won and thousands of foreign currencies
Korea Electric Power Corporation |  | Shuweihat Asia Operation & Maintenance Company |  | Performance guarantees |  |  | USD 11,000 |  |  | SAPCO
Korea Electric Power Corporation |  | Rabigh Operation & Maintenance Company Limited |  | Performance guarantees and others |  |  | USD 1,387 |  |  | RABEC
Korea Electric Power Corporation |  | Barakah One Company |  | Debt guarantees |  |  | USD 900,000 |  |  | Export-Import Bank of Korea and others
|  |  |  | Performance guarantees and others |  |  | USD 3,404,275 |  |  | Export-Import Bank of Korea and others
Korea Electric Power Corporation |  | RE Holiday Holdings LLC |  | Performance guarantees |  |  | USD 223,000 |  |  | EPS Renewables Holdings, LLC, Santander Bank and others
Korea Electric Power Corporation |  | RE Pioneer Holdings LLC |  | Performance guarantees |  |  | USD 170,000 |  |  | EPS Renewables Holdings, LLC, Santander Bank and others
Korea Electric Power Corporation |  | RE Barren Ridge 1 Holdings LLC |  | Performance guarantees |  |  | USD 149,000 |  |  | Firstar Development, LLC, Santander Bank and others
Korea Electric Power Corporation |  | Nghi Son 2 Power LLC |  | Performance guarantees |  |  | USD 28,000 |  |  | SMBC Ho Chi Minh
Korea Western Power Co., Ltd. |  | Cheongna Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,465 |  |  | KEB Hana Bank and others
|  |  |  | Guarantees for supplemental funding and others(*1) |  |  | — |  |  | KEB Hana Bank and others
Korea Western Power Co., Ltd. |  | Xe-Pian Xe-Namnoy Power Co., Ltd. |  | Payment guarantees for business reserve |  |  | USD 2,500 |  |  | Krung Thai Bank
|  |  |  | Collateralized money invested |  |  | KRW 77,165 |  |  | Krung Thai Bank
|  |  |  | Impounding bonus guarantees |  |  | USD 5,000 |  |  | SK E&C
Korea Western Power Co., Ltd. |  | Rabigh Operation & Maintenance Company Limited |  | Performance guarantees and others |  |  | SAR 5,600 |  |  | Saudi Arabia British Bank
Korea Western Power Co., Ltd. |  | Daegu Photovoltaic Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,002 |  |  | Korea Development Bank
Korea Western Power Co., Ltd. |  | Dongducheon Dream Power Co., Ltd. |  | Collateralized money invested(*7) |  |  | KRW 41,389 |  |  | Kookmin Bank and others
|  |  |  | Debt guarantees |  |  | KRW 20,300 |  |  | BNK Securities and others
Korea Western Power Co., Ltd. |  | PT. Mutiara Jawa |  | Collateralized money invested |  |  | KRW 365 |  |  | Woori Bank
Korea Western Power Co., Ltd. |  | Heang Bok Do Si Photovoltaic Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 202 |  |  | Nonghyup Bank
Korea Western Power Co., Ltd. |  | Shin Pyeongtaek Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 67,600 |  |  | Kookmin Bank
|  |  |  | Guarantees for supplemental funding(*1) |  |  | — |  |  | Kookmin Bank
Korea East-West Power Co., Ltd. |  | Busan Shinho Solar Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 4,761 |  |  | Korea Development Bank and others
Korea East-West Power Co., Ltd. |  | Seokmun Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 16,751 |  |  | Kookmin Bank and others
Korea East-West Power Co., Ltd. |  | Chun-cheon Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 42,505 |  |  | Kookmin Bank and others
|  |  |  | Guarantees for supplemental funding(*1) |  |  | KRW 20,000 |  |  | Kookmin Bank and others
Korea East-West Power Co., Ltd. |  | Honam Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 4,860 |  |  | Shinhan Bank and others
Korea East-West Power Co., Ltd. |  | GS Donghae Electric Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 240,591 |  |  | Korea Development Bank and others
Korea East-West Power Co., Ltd. |  | Yeonggwangbaeksu Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,843 |  |  | Kookmin Bank and others
Korea East-West Power Co., Ltd. |  | Yeonggwang Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 15,304 |  |  | KDB Capital Corporation and others
Korea East-West Power Co., Ltd. |  | Daesan Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 17,433 |  |  | IBK
Korea East-West Power Co., Ltd. |  | Taebaek Gadeoksan Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 8,508 |  |  | Samsung Fire & Marine Insurance Co., Ltd. and others
Korea East-West Power Co., Ltd. |  | PT. Tanjung Power Indonesia |  | Debt guarantees |  |  | USD 46,983 |  |  | MUFG Bank, Ltd.(MUFG) (formerly, the Bank of Tokyo Mitsubishi UFJ, Ltd.(BTMU)) and others
|  |  |  | Other guarantees |  |  | USD 3,150 |  |  | PT Adaro Indonesia
Korea East-West Power Co., Ltd. |  | South Jamaica Power Company Limited |  | Performance guarantees |  |  | USD 14,400 |  |  | Societe Generale
EWP Barbados 1 SRL |  | South Jamaica Power Company Limited |  | Guarantees for supplemental funding(*1, 3) |  |  | USD 18,350 |  |  | JCSD Trustee Services Limited and others
Korea Southern Power Co., Ltd. |  | KNH Solar Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,337 |  |  | Shinhan Bank and Kyobo
|  |  |  | Performance guarantees and guarantees for supplemental funding(*1) |  |  | — |  |  | Life Insurance Co., Ltd.
Korea Southern Power Co., Ltd. |  | Daeryun Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 26,099 |  |  | Korea Development Bank and others
|  |  |  | Guarantees for supplemental funding and others(*1) |  |  | — |  |  | Korea Development Bank and others
Korea Southern Power Co., Ltd. |  | Changjuk Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 8,086 |  |  | Shinhan Bank
|  |  |  | Guarantees for supplemental funding(*1) |  |  | — |  |  | Shinhan Bank
Korea Southern Power Co., Ltd. |  | Daegu Green Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 41,110 |  |  | Shinhan Bank and others
Korea Southern Power Co., Ltd. |  | Kelar S.A |  | Performance guarantees |  |  | USD 63,707 |  |  | KEB Hana Bank, SMBC, Mizuho Bank, MUFG, Natixis
Korea Southern Power Co., Ltd. |  | Daehan Wind Power PSC |  | Debt guarantees |  |  | USD 18,200 |  |  | Shinhan Bank
|  |  |  | Performance guarantees |  |  | USD 3,000 |  |  | Shinhan Bank
|  |  |  | Guarantees for supplemental funding(*1) |  |  | — |  |  | Shinhan Bank
Korea Southern Power Co., Ltd. |  | Pyeongchang Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 5,419 |  |  | Woori Bank and Shinhan Bank and others
|  |  |  | Performance guarantees |  |  | — |  |  | Woori Bank and Shinhan Bank and others
Korea Southern Power Co., Ltd. |  | Taebaek Wind Power Co., Ltd. |  | Guarantees for supplemental funding(*1) |  |  | — |  |  | Shinhan Bank and others
Korea Southern Power Co., Ltd. |  | Jeongam Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 4,589 |  |  | IBK, SK Securities Co., Ltd. and others
|  |  |  | Performance guarantees |  |  | — |  |  | IBK, SK Securities Co., Ltd. and others
Korea Southern Power Co., Ltd. |  | Samcheok Eco Materials Co., Ltd. |  | Payment guarantees(*4) |  |  | — |  |  | SEM Investment Co., Ltd.
Korea Midland Power Co., Ltd. |  | Hyundai Green Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 127,160 |  |  | Korea Development Bank and others
Korea Midland Power Co., Ltd. |  | PT. Cirebon Electric Power |  | Debt guarantees |  |  | USD 11,825 |  |  | Mizuho Bank
Korea Midland Power Co., Ltd. |  | PT Wampu Electric Power |  | Debt guarantees |  |  | USD 4,854 |  |  | SMBC
Korea Midland Power Co., Ltd. |  | YaksuESS Co., Ltd |  | Collateralized money invested |  |  | KRW 460 |  |  | Hanwha Life Insurance Co., Ltd.
|  |  |  | Guarantees for supplemental funding(*1) |  |  | — |  |  | Hanwha Life Insurance Co., Ltd.
Korea Midland Power Co., Ltd. |  | YeongGwang Yaksu Wind Electric. Co., Ltd |  | Collateralized money invested |  |  | KRW 533 |  |  | Hanwha Life Insurance Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | Hyundai Energy Co., Ltd. |  | Collateralized money invested(*5) |  |  | — |  |  | Korea Development Bank and others
|  |  |  | Guarantees for supplemental funding and others(*1,6) |  |  | KRW 78,600 |  |  | Korea Development Bank and others
Korea South-East Power Co., Ltd. |  | RES Technology AD |  | Collateralized money invested |  |  | KRW 15,209 |  |  | UniCredit Bulbank and others
Korea South-East Power Co., Ltd. |  | ASM-BG Investicii AD |  | Collateralized money invested |  |  | KRW 21,379 |  |  | UniCredit Bulbank and others
Korea South-East Power Co., Ltd. |  | Expressway Solar-light Power Generation Co., Ltd. |  | Guarantees for supplemental funding(*1, 2) |  |  | KRW 2,500 |  |  | Woori Bank
Korea South-East Power Co., Ltd. |  | S-Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 114,566 |  |  | Korea Development Bank and others
Korea South-East Power Co., Ltd. |  | Goseong Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,459 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | Gangneung Eco Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 2,495 |  |  | Kyobo Life Insurance Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | PND solar., Ltd. |  | Collateralized money invested |  |  | KRW 1,020 |  |  | IBK and others
Korea South-East Power Co., Ltd. |  | Tamra Offshore Wind Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 10,401 |  |  | Nonghyup Life Insurance Co., Ltd. and others
Korea South-East Power Co., Ltd. |  | Hyundai Eco Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 3,388 |  |  | Samsung Life Insurance and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Noeul Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 8,016 |  |  | KEB Hana Bank and others
Korea Hydro & Nuclear Power Co., Ltd. |  | Busan Green Energy Co., Ltd. |  | Collateralized money invested |  |  | KRW 12,537 |  |  | Shinhan Bank and others
KEPCO Plant Service & Engineering Co., Ltd. |  | Incheon New Power Co., Ltd. |  | Collateralized money invested |  |  | KRW 579 |  |  | Shinhan Bank
|  |  |  | Guarantees for supplemental funding and others(*1) |  |  | — |  |  | Shinhan Bank
(*1) | The Company guarantees to provide supplemental funding for business with respect to excessive business expenses or insufficient repayment of borrowings.
(*2) | The Company has granted the right to Hana Financial Investment Co., Ltd., as an agent for the creditors to Expressway Solar-light Power Generation Co., Ltd. (“ESPG”), to the effect that in the event of acceleration of ESPG’s payment obligations under certain borrowings to such creditors, Hana Financial may demand the Company to dispose of shares in ESPG held by the Company and apply the resulting proceeds to repayment of ESPG’s obligations.
(*3) | This includes a guarantee for the shareholder’s capital payment in connection with the business of 190MW gas complex thermal power plant in Jamaica. EWP Barbados 1 SRL’s capital contribution amount is USD 14,730 thousand and the total amount of guarantees is USD 8,257.5 thousand which consists of USD 3,670 thousand of EWP (Barbados) 1 SRL’s contribution obligation and USD 4,587.5 thousand of South Jamaica Energy Holding Limited’s portion (50%) of contribution obligation.
(*4) | The Company has the obligation to purchase the stocks should preferred stockholders elect to sell their stocks on the expected sell date (3 years from preferred stock payment date) and is required to guarantee the promised yield when preferred stockholders sell their stocks. In relation to this guarantee, the Company has recognized ￦2,155 million of derivative liabilities as of December 31, 2018.
(*5) | The Company recognized impairment loss on all of the equity securities of Hyundai Energy Co., Ltd. in prior years, and the acquisition cost of the securities provided as collateral is ￦47,067 million.
(*6) | Pursuant to the guarantee agreement, the Company recognized other provisions of ￦40,898 million as the possibility of economic outflow to fulfill the obligation was probable and the amount could be reasonably estimated.
(*7) | The common stocks of Dongducheon Dream Power Co., Ltd. held by the Company were pledged as collateral.
(8) | As of December 31, 2018, there is no financial guarantee contract provided by related parties.
(9) | Derivatives transactions with related parties as of December 31, 2018 are as follows:
| (i) | Currency Swap
Counterparty |  | Contract year |  |  |  |  |  | Contract Amount |  |  | Contract interest rate per annum |  |  |  |  |  | Contract exchange rate |
|  |  |  | Pay |  |  | Receive |  |  | Pay (%) |  |  | Receive (%) |  |  |  |
|  | In millions of won and thousands of foreign currencies |
Korea Development Bank |  |  | 2016~2019 |  |  | ￦ |  |  |  |  | 105,260 |  |  |  | USD 100,000 |  |  |  | 2.48 | % |  |  | 2.38 | % |  | ￦ |  |  |  |  | 1,052.60 |
|  |  | 2015~2025 |  |  |  |  |  |  |  | 111,190 |  |  |  | USD 100,000 |  |  |  | 2.62 | % |  |  | 3.25 | % |  |  |  |  |  |  | 1,111.90 |
|  |  | 2017~2027 |  |  |  |  |  |  |  | 111,610 |  |  |  | USD 100,000 |  |  |  | 2.31 | % |  |  | 3.13 | % |  |  |  |  |  |  | 1,116.10 |
|  |  | 2018~2028 |  |  |  |  |  |  |  | 108,600 |  |  |  | HKD 800,000 |  |  |  | 2.69 | % |  |  | 3.35 | % |  |  |  |  |  |  | 135.75 |
|  |  | 2018~2023 |  |  |  |  |  |  |  | 170,280 |  |  |  | USD 150,000 |  |  |  | 2.15 | % |  |  | 3.75 | % |  |  |  |  |  |  | 1,135.20 |
|  |  | 2017~2020 |  |  |  |  |  |  |  | 114,580 |  |  |  | USD 100,000 |  |  |  | 1.75 | % |  |  | 2.38 | % |  |  |  |  |  |  | 1,145.80 |
|  |  | 2016~2021 |  |  |  |  |  |  |  | 121,000 |  |  |  | USD 100,000 |  |  |  | 2.15 | % |  |  | 2.50 | % |  |  |  |  |  |  | 1,210.00 |
|  |  | 2018~2023 |  |  |  |  |  |  |  | 320,880 |  |  |  | USD 300,000 |  |  |  | 2.03 | % |  |  | 3.75 | % |  |  |  |  |  |  | 1,069.60 |
|  |  | 2018~2021 |  |  |  |  |  |  |  | 212,960 |  |  |  | USD 200,000 |  |  |  | 2.10 | % |  |  | 3.00 | % |  |  |  |  |  |  | 1,064.80 |
|  |  | 2017~2022 |  |  |  |  |  |  |  | 113,300 |  |  |  | USD 100,000 |  |  |  | 1.94 | % |  |  | 2.63 | % |  |  |  |  |  |  | 1,133.00 |
|  |  | 2018~2023 |  |  |  |  |  |  |  | 169,335 |  |  |  | USD 150,000 |  |  |  | 2.26 | % |  |  | 3.88 | % |  |  |  |  |  |  | 1,128.90 |
| (ii) | Currency forward
Counterparty |  | Contract date |  |  | Maturity date |  |  |  |  |  | Contract amounts |  |  |  |  |  | Contract exchange rate |
|  |  |  | Pay |  |  | Receive |  |  |  |
|  | In millions of won and thousands of foreign currencies |
Korea Development Bank |  |  | 2017.12.27 |  |  |  | 2021.07.12 |  |  | ￦ |  |  |  |  | 104,849 |  |  |  | USD 100,000 |  |  | ￦ |  |  |  |  | 1,048.49 |
|  |  | 2018.12.18 |  |  |  | 2019.01.22 |  |  |  |  |  |  |  | 11,279 |  |  |  | USD 10,000 |  |  |  |  |  |  |  | 1,127.85 |
|  |  | 2018.12.13 |  |  |  | 2019.01.10 |  |  |  |  |  |  |  | 4,490 |  |  |  | USD 4,000 |  |  |  |  |  |  |  | 1,122.60 |
|  |  | 2018.12.24 |  |  |  | 2019.01.10 |  |  |  |  |  |  |  | 13,497 |  |  |  | USD 12,000 |  |  |  |  |  |  |  | 1,124.74 |
|  |  | 2018.12.21 |  |  |  | 2019.01.15 |  |  |  |  |  |  |  | 10,103 |  |  |  | USD 9,000 |  |  |  |  |  |  |  | 1,122.50 |
|  |  | 2018.12.27 |  |  |  | 2019.01.23 |  |  |  |  |  |  |  | 11,207 |  |  |  | USD 10,000 |  |  |  |  |  |  |  | 1,120.68 |
|  |  | 2018.12.28 |  |  |  | 2019.01.23 |  |  |  |  |  |  |  | 13,412 |  |  |  | USD 12,000 |  |  |  |  |  |  |  | 1,117.64 |
(10) | Salaries and other compensations to the key members of management of the Company for the years ended December 31, 2016, 2017 and 2018 are as follows:
Type |  |  |  |  | 2016 |  |  | 2017 |  |  | 2018 |
|  |  |  |  | In millions of won |
Salaries |  | ￦ |  |  |  |  | 1,463 |  |  |  | 1,271 |  |  |  | 1,106 |
Employee benefits |  |  |  |  |  |  | 33 |  |  |  | 54 |  |  |  | 24 |
|  | ￦ |  |  |  |  | 1,496 |  |  |  | 1,325 |  |  |  | 1,130 |

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