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Finance Expenses

12 Months Ended

Dec. 31, 2023

Finance Expenses [Abstract]

Finance Expenses

40.	Finance Expenses

(1)	Finance expenses for the years ended December 31, 2021, 2022 and 2023 are as follows:


						2021				2022				2023

						In millions of won
Interest expense		￦					1,914,457				2,818,546				4,451,659
Losses on sale of financial assets							1,045				1,841				1
Losses on valuation of financial assets at fair value through profit or loss							5,480				44,329				24,015
Losses on valuation of derivatives							37,017				371,038				148,412
Losses on transaction of derivatives							40,818				205,162				178,959
Losses on foreign currency translation							1,159,334				934,005				491,782
Losses on foreign currency transaction							83,558				346,711				49,677
Losses on repayment of financial liabilities							10				15				—
Others							4,058				25,144				2,513

		￦					3,245,777				4,746,791				5,347,018

(2)	Details of interest expense included in finance expenses for the years ended December 31, 2021, 2022 and 2023 are as follows:


						2021				2022				2023
						In millions of won
Trade and other payables		￦					213,765				204,078				200,440
Short-term borrowings							42,371				145,201				376,066
Long-term borrowings							115,141				204,037				407,915
Debt securities							1,728,588				2,388,517				3,634,680
Other financial liabilities							384,423				472,248				614,332

							2,484,288				3,414,081				5,233,433
Less: Capitalized borrowing costs							(569,831	)			(595,535	)			(781,774	)

		￦					1,914,457				2,818,546				4,451,659

Capitalization rates for the years ended December 31, 2021, 2022 and 2023 are 2.02%~4.33%, 2.25%~3.86% and 2.34%~4.28%, respectively.