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Hybrid Bonds
 12 Months Ended
Dec. 31, 2021
Hybrid Bonds [Abstract]  
Hybrid Bonds
 
33.
Hybrid Bonds
Hybrid bonds classified as equity (non-controlling interest) as of December 31, 2020 and 2021 are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Issuer
  
Hybrid bond
  
Issued date
    
Maturity
    
Yield (%)
          
2020
     
2021
  
                                          
   
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, th
e
 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.
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.