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Other Financial Assets

12 Months Ended

Dec. 31, 2021

Other Financial Assets [Abstract]

Other Financial Assets

13.	Other Financial Assets

(1)	Other financial assets as of December 31, 2020 and 2021 are as follows:


						2020								2021
						Current				Non-current				Current				Non-current
						In millions of won
Loans		￦					78,806				762,555				88,406				903,397
Less: Allowance for doubtful accounts							(1	)			(20,266	)			(10	)			(52,667	)
Less: Present value discount							(842	)			(30,090	)			(807	)			(29,248	)

							77,963				712,199				87,589				821,482

Long-term / short-term financial instruments							1,483,482				578,621				1,278,014				450,494

			￦				1,561,445				1,290,820				1,365,603				1,271,976

(2)	Loans as of December 31, 2020 and 2021 are as follows:


						2020
						Face value				Allowance for doubtful accounts				Present value discount				Carrying value
						In millions of won
Short-term loans
Loans for tuition		￦					33,864				—				(842	)			33,022
Loans for housing							21,988				—				—				21,988
Fisheries loan							3,816				—				—				3,816
Other loans							19,138				(1	)			—				19,137

							78,806				(1	)			(842	)			77,963

Long-term loans
Loans for tuition							420,274				(9,091	)			(30,090	)			381,093
Loans for housing							237,100				—				—				237,100
Loans for related parties							50,682				(1,047	)			—				49,635
Other loans							54,499				(10,128	)			—				44,371

							762,555				(20,266	)			(30,090	)			712,199

		￦					841,361				(20,267	)			(30,932	)			790,162


						2021
						Face value				Allowance for doubtful accounts				Present value discount				Carrying value
						In millions of won
Short-term loans
Loans for tuition		￦					28,975				—				(807	)			28,168
Loans for housing							25,750				—				—				25,750
Other loans							33,681				(10	)			—				33,671

							88,406				(10	)			(807	)			87,589

Long-term loans
Loans for tuition							431,002				(37,783	)			(29,248	)			363,971
Loans for housing							282,833				—				—				282,833
Loans for related parties							150,541				(14,861	)			—				135,680
Fisheries loan							203				—				—				203
Other loans							38,818				(23	)			—				38,795

							903,397				(52,667	)			(29,248	)			821,482

		￦					991,803				(52,677	)			(30,055	)			909,071

(3)	Changes in the allowance for doubtful accounts of loans for the years ended December 31, 2019, 2020 and 2021 are as follows:


						2019				2020				2021
						In millions of won
Beginning balance		￦					4,952				15,094				20,267
Bad debt expense							10,142				5,173				30,942
Other							—				—				1,468

Ending balance		￦					15,094				20,267				52,677

(4)	Long-term and short-term financial instruments as of December 31, 2020 and 2021 are as follows:


						2020								2021
						Current				Non-current				Current				Non-current
						In millions of won
Time deposits		￦					996,265				160,433				976,899				103,607
CD							50,000				—				—				—
RP							203,008				—				—				—
Others							234,209				418,188				301,115				346,887

		￦					1,483,482				578,621				1,278,014				450,494