Investment Properties

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about investment property [abstract]

19.	Investment Properties

(1)	Investment properties as of December 31, 2023 and 2024 are as follows:


		2023
		Acquisition cost		Government grants			Accumulated depreciation			Book value

		In millions of won
Land	￦		172,594		—			—			172,594
Buildings			20,043		(22	)		(7,088	)		12,933

	￦		192,637		(22	)		(7,088	)		185,527


		2024
		Acquisition cost		Government grants			Accumulated depreciation			Book value

		In millions of won
Land	￦		210,509		—			—			210,509
Buildings			32,517		(22	)		(14,020	)		18,475

	￦		243,026		(22	)		(14,020	)		228,984

(2)	Changes in investment properties for the years ended December 31, 2023 and 2024 are as follows:


		2023
		Beginning balance			Disposal		Depreciation			Others			Ending balance

		In millions of won
Land	￦		194,417			—		—			(21,823	)		172,594
Buildings			13,890			—		(494	)		(441	)		12,955
(Government grants)			(21	)		—		1			(2	)		(22	)

	￦		208,286			—		(493	)		(22,266	)		185,527


		2024
		Beginning balance			Disposal		Depreciation			Others			Ending balance

		In millions of won
Land	￦		172,594			—		—			37,915			210,509
Buildings			12,955			—		(683	)		6,225			18,497
(Government grants)			(22	)		—		1			(1	)		(22	)

	￦		185,527			—		(682	)		44,139			228,984

(3)	Income and expenses related to investment properties for the years ended December 31, 2023 and 2024 are as follows:


		2023			2024

		In millions of won
Rental income	￦		10,519			11,594
Operating and maintenance expenses related to rental income			(507	)		(716	)

	￦		10,012			10,878

(4)	Fair value of investment properties as of December 31, 2023 and 2024 are as follows:


		2023				2024

		Book value		Fair value		Book value		Fair value
		In millions of won
Land	￦		172,594		258,478		210,509		337,379
Buildings			12,933		13,437		18,475		19,094

	￦		185,527		271,915		228,984		356,473

The Company determined the fair value of investment property on the transition date based on valuations conducted by an independent valuation firm that is independent of the Company. The valuation firm has appropriate qualifications and experience in the valuation of real estate in the Republic of Korea, and the valuation was conducted using a comparison method, which is a method of obtaining economic value based on the marketability of the property. The fair values of the investment properties as of the reporting date were determined in consideration of the fluctuation on the publicly announced individual land price after the IFRS transition date (January 1, 2010).

(5)	All of the Company’s investment properties are held under freehold interests.