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Hybrid Bonds | 12 Months Ended
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Dec. 31, 2020
Hybrid Bonds [Abstract] |
Hybrid Bonds |
33. | Hybrid Bonds
Hybrid bonds classified as equity (non-controlling interest) as of December 31, 2019 and 2020 are as follows:
Issuer |  | Hybrid bond |  | Issued date |  |  | Maturity |  |  | Yield (%) |  |  |  |  |  | 2019 |  |  | 2020 |
|  | In millions of won |
Korea South-East Power Co., Ltd. |  | 1st hybrid bond |  |  | 2012.12.07 |  |  |  | 2042.12.06 |  |  |  | 4.38 |  |  | ￦ |  |  |  |  | 170,000 |  |  |  | 170,000 |
Korea South-East Power Co., Ltd. |  | 2nd hybrid bond |  |  | 2012.12.07 |  |  |  | 2042.12.06 |  |  |  | 4.44 |  |  |  |  |  |  |  | 230,000 |  |  |  | 230,000 |
Expense of issuance |  |  |  |  |  |  |  | (1,090 | ) |  |  | (1,090 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ￦ |  |  |  |  | 398,910 |  |  |  | 398,910 |
Although these instruments have contractual maturity dates, the contractual agreements allow these subsidiaries to indefinitely extend the maturity dates and defer the payment of interest without modification to the other terms of the instruments. When the Company decides not to pay dividends on ordinary shares, they are not required to pay interest on the hybrid bonds. Substantially, as these instruments have no contractual obligation to pay principal and interest, these instruments have been classified as equity (non-controlling interest) in the Company’s consolidated financial statements.

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