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Finance Expenses (Tables)
12 Months Ended
Dec. 31, 2022
Finance Expenses [Abstract]  
Summary of Finance Expenses
(1)
Finance expenses for the years ended December 31, 2020, 2021 and 2022 are as follows:
 
 
          
2020
    
2021
    
2022
 
                            
          
In millions of won
 
Interest expense
           1,995,425        1,914,457        2,818,546  
Losses on sale of financial assets
             648        1,045        1,841  
Losses on valuation of financial assets at fair value through profit or loss
             7,396        5,480        44,329  
Losses on valuation of derivatives
             513,278        37,017        371,038  
Losses on transaction of derivatives
             81,055        40,818        205,162  
Losses on foreign currency translation
             215,047        1,159,334        934,005  
Losses on foreign currency transaction
             79,103        83,558        346,711  
Losses on repayment of financial liabilities
             35        10        15  
Others
             4,456        4,058        25,144  
            
 
 
    
 
 
    
 
 
 
             2,896,443        3,245,777        4,746,791  
            
 
 
    
 
 
    
 
 
 
Summary of Interest Expenses
(2)
Details of interest expense included in finance expenses for the years ended December 31, 2020, 2021 and 2022 are as follows:
 
          
2020
    
2021
    
2022
 
                            
          
In millions of won
 
Trade and other payables
           88,757        213,765        204,078  
Short-term borrowings
             29,358        42,371        145,201  
Long-term borrowings
             118,678        115,141        204,037  
Debt securities
             1,805,253        1,728,588        2,388,517  
Other financial liabilities
             540,867        384,423        472,248  
            
 
 
    
 
 
    
 
 
 
               2,582,913        2,484,288        3,414,081  
Less: Capitalized borrowing costs
             (587,488      (569,831      (595,535
            
 
 
    
 
 
    
 
 
 
             1,995,425        1,914,457        2,818,546