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Finance Expenses (Tables)
12 Months Ended
Dec. 31, 2018
Finance Expenses [Abstract]  
Finance Expenses

Finance expenses for the years ended December 31, 2016, 2017 and 2018 are as follows:

 

           2016      2017      2018  
           In millions of won  

Interest expense

           1,752,868        1,789,552        1,868,458  

Losses on sale of financial assets

       9        2,343        1  

Losses on valuation of financial assets at fair value through profit or loss

       —          —          6,616  

Impairment of available-for-sale financial assets

       86,703        2,713        —    

Losses on valuation of derivatives

       5,762        890,832        46,740  

Losses on transaction of derivatives

       101,987        198,218        32,448  

Losses on foreign currency translation

       406,849        207,944        393,859  

Losses on foreign currency transaction

       57,889        35,175        121,763  

Losses on repayment of financial liabilities

       23,000        5        —    

Other

       2,020        1,170        858  
    

 

 

    

 

 

    

 

 

 
           2,437,087        3,127,952        2,470,743  
    

 

 

    

 

 

    

 

 

 

 

Interest Expenses

Interest expense included in finance expenses for the years ended December 31, 2016, 2017 and 2018 are as follows:

 

           2016      2017      2018  
           In millions of won  

Trade and other payables

           68,375        57,160        42,830  

Short-term borrowings

       6,969        35,891        32,545  

Long-term borrowings

       91,584        87,011        92,243  

Debt securities

       1,922,900        1,698,232        1,771,544  

Other financial liabilities

       482,428        491,665        505,112  
    

 

 

    

 

 

    

 

 

 
       2,572,256        2,369,959        2,444,274  
    

 

 

    

 

 

    

 

 

 

Less: Capitalized borrowing costs

       (819,388      (580,407      (575,816
    

 

 

    

 

 

    

 

 

 
           1,752,868        1,789,552        1,868,458  
    

 

 

    

 

 

    

 

 

 

Capitalization rates for the years ended December 31, 2016, 2017 and 2018 are 2.29%~4.16%, 2.30%~3.60% and 2.17%~3.86%, respectively.