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Other Financial Assets

12 Months Ended

Dec. 31, 2022

Other Financial Assets [Abstract]

Other Financial Assets

13.	Other Financial Assets

(1)	Other financial assets as of December 31, 2021 and 2022 are as follows:


						2021								2022
						Current				Non-current				Current				Non-current
						In millions of won
Loans		￦					88,406				903,397				132,890				968,468
Less: Allowance for doubtful accounts							(10	)			(52,667	)			(13	)			(54,824	)
Less: Present value discount							(807	)			(29,248	)			(816	)			(32,334	)

							87,589				821,482				132,061				881,310

Long-term / short-term financial instruments							1,278,014				450,494				666,758				686,322

			￦				1,365,603				1,271,976				798,819				1,567,632

(2)	Loans as of December 31, 2021 and 2022 are as follows:


						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


						2022
						Face value				Allowance for doubtful accounts				Present value discount				Carrying value
						In millions of won
Short-term loans
Loans for tuition		￦					30,261				—				(816	)			29,445
Loans for housing							29,630				—				—				29,630
Other loans							72,999				(13	)			—				72,986

							132,890				(13	)			(816	)			132,061

Long-term loans
Loans for tuition							436,131				(37,783	)			(32,334	)			366,014
Loans for housing							309,446				—				—				309,446
Loans for related parties							187,728				(17,041	)			—				170,687
Other loans							35,163				—				—				35,163

							968,468				(54,824	)			(32,334	)			881,310

		￦					1,101,358				(54,837	)			(33,150	)			1,013,371

(3)	Changes in the allowance for doubtful accounts of loans for the years ended December 31, 2020, 2021 and 2022 are as follows:


						2020				2021				2022
						In millions of won
Beginning balance		￦					15,094				20,267				52,677
Bad debt expense							5,173				30,942				2,180
Other							—				1,468				(20	)

Ending balance		￦					20,267				52,677				54,837

(4)	Long-term and short-term financial instruments as of December 31, 2021 and 2022 are as follows:


						2021								2022
						Current				Non-current				Current				Non-current
						In millions of won
Time deposits		￦					976,899				103,607				428,813				130,570
CD							—				—				30,000				—
Others							301,115				346,887				207,945				555,752

		￦					1,278,014				450,494				666,758				686,322