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Government Grants (Tables)
 12 Months Ended
Dec. 31, 2024
Government grants [Abstract]  
Summary of Government Grants
(1)
Government grants as of December 31, 2023 and 2024 are as follows:
 
          
2023
     
2024
  
                     
          
In millions of won
  
Land
      ￦       27,404        27,403  
Buildings
        46,227        41,718  
Structures
        157,881        149,737  
Machinery
        119,824        105,546  
Vehicles
        2,837        2,745  
Equipment
        5,932        3,915  
Tools
        62        1,306  
Construction-in-progress
        173,474        223,566  
Investment properties
        22        22  
Software
        413        844  
Development expenditures
        2,121        939  
Intangible assets under development
        2,458        3,473  
Other intangible assets
        322        229  
    
 
 
     
 
 
  
     ￦       538,977        561,443  
    
 
 
     
 
 
  
Summary of Changes in Government Grants
(2)
Changes in government grants for the years ended December 31, 2023 and 2024 are as follows:
 
          
2023
  
          
Beginning

balance
    
Receipt
    
Acquisition
    
Offset the

items of

depreciation

expense and

others
    
Disposal
    
Revenue
    
Others
    
Ending

balance
  
          
In millions of won
  
Cash
    ￦       —        57,207       —        —        —        239       (57,446 )      —   
Land
        27,405       —        —        —        (1 )      —        —        27,404  
Buildings
        50,437       —        —        (5,070 )      —        —        860       46,227  
Structures
        165,608       —        —        (9,562 )      (1,611 )      —        3,446       157,881  
Machinery
        127,126       —        —        (17,413 )      (1,230 )      —        11,341       119,824  
Vehicles
        2,045       —        —        (960 )      —        —        1,752       2,837  
Equipment
        6,608       —        —        (2,011 )      —        —        1,335       5,932  
Tools
        99       —        —        (38 )      —        —        1       62  
Construction-in-progress
        135,926       —        (5,544 )      —        —        —        43,092       173,474  
Investment properties
        21       —        —        (1 )      —        —        2       22  
Software
        174       —        —        (85 )      —        —        324       413  
Development expenditures
        3,477       —        —        (1,356 )      —        —        —        2,121  
Intangible assets under development
        2,108       —        —        —        —        —        350       2,458  
Other intangible assets
        67       —        —        (93 )      —        —        348       322  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
   ￦       521,101       57,207       (5,544 )      (36,589 )      (2,842 )      239       5,405       538,977  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
          
2024
  
          
Beginning

balance
    
Receipt
    
Acquisition
    
Offset the

items of

depreciation

expense and

others
    
Disposal
    
Revenue
    
Others
    
Ending

balance
  
          
In millions of won
  
Cash
    ￦       —        59,503       —        —        —        4,789       (64,292 )      —   
Land
        27,404       —        —        —        (1 )      —        —        27,403  
Buildings
        46,227       —        —        (4,508 )      —        —        (1 )      41,718  
Structures
        157,881       —        —        (9,458 )      (1,330 )      —        2,644       149,737  
Machinery
        119,824       —        —        (16,076 )      (522 )      —        2,320       105,546  
Vehicles
        2,837       —        —        (1,233 )      (8 )      —        1,149       2,745  
Equipment
        5,932       —        —        (2,118 )      —        —        101       3,915  
Tools
        62       —        —        (341 )      —        —        1,585       1,306  
Construction-in-progress
        173,474       —        (6,806 )      —        (75 )      —        56,973       223,566  
Investment properties
        22       —        —        (1 )      —        —        1       22  
Software
        413       —        —        (229 )      —        —        660       844  
Development expenditures
        2,121       —        —        (1,364 )      —        —        182       939  
Intangible assets under development
        2,458       —        —        —        —        —        1,015       3,473  
Other intangible assets
        322       —        —        (93 )      —        —        —        229  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
   ￦       538,977       59,503       (6,806 )      (35,421 )      (1,936 )      4,789       2,337       561,443  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Summary of Changes in Government Grants for Specific Business Projects
 
(3)
Changes in government grants for specific business projects for the years ended December 31, 2023 and 2024 are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
2023
 
Department
 
Business
Name
 
Description
 
Period
 
Budget
 
 
Beginning

Balance
 
 
Received
 
 
Interest
 
 
Used
 
 
Return
 
 
Others
 
 
Ending

Balance
 
 
 
 
 
 
 
 
 
In millions of won
 
Ministry of Trade, Industry and Energy
 
Temporary electricity bill support for small business owners
 
Temporary electricity bill support for small business owners
 
 2021.04.01
~
2022.06.30
 
 
211,235
 
 
 
1,120
 
 
 
— 
 
 
 
— 
 
 
 
(51
) 
 
 
— 
 
 
 
— 
 
 
 
1,069
 
Ministry of Trade, Industry and Energy
 
Construction of the Integrated Control System for Renewable Energy in Transmission Area
 
Construction of the Integrated Control System for Renewable Energy in Transmission Area
 
2022.01.01
~
2023.09.30
 
 
940
 
 
 
— 
 
 
 
798
 
 
 
— 
 
 
 
(798
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Electricity supply business in rural areas (New Electricity Supply Construction Fees)
 
Electricity supply business in rural areas (New Electricity Supply Construction Fees)
 
2023.01.01
~
2024.01.31
 
 
2
 
 
 
— 
 
 
 
35
 
 
 
— 
 
 
 
(35
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Electricity supply business in rural areas (Reservation of Financial Loans)
 
Electricity supply business in rural areas (Reservation of Financial Loans)
 
2023.01.01
~
2024.01.31
 
 
166
 
 
 
— 
 
 
 
166
 
 
 
— 
 
 
 
(166
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Electricity supply business in rural areas (Support for operational deficits of electricity providers)
 
Electricity supply business in rural areas (Support for operational deficits of electricity providers)
 
2023.01.01
~
2024.01.31
 
 
158,275
 
 
 
— 
 
 
 
149,259
 
 
 
— 
 
 
 
(149,259
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Electricity supply business in rural areas (Technical support for local governments and residents)
 
Electricity supply business in rural areas (Technical support for local governments and residents)
 
2023.01.01
~
2024.01.31
 
 
1,176
 
 
 
— 
 
 
 
1,862
 
 
 
— 
 
 
 
(1,862
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Electricity supply business in rural areas (Support for Losses in Local Government Operations)
 
Electricity supply business in rural areas (Support for Losses in Local Government Operations)
 
2023.01.01
~
2024.01.31
 
 
12,036
 
 
 
— 
 
 
 
8,619
 
 
 
— 
 
 
 
(8,619
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Establishment of
eco-friendly
microgrid in island areas
 
Establishment of
eco-friendly
microgrid in island areas
 
 2023.01.01
~
2024.01.31
 
 
3,871
 
 
 
— 
 
 
 
26,091
 
 
 
— 
 
 
 
(26,091
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Operating expenses for regional projects around the power plant
 
Operating expenses for regional projects around the power plant
 
 2023.01.01
~
2023.12.31
 
 
361
 
 
 
— 
 
 
 
51
 
 
 
— 
 
 
 
(51
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
2023 Renewable Energy Generation Difference Support
 
Renewable Energy Generation Difference Support
 
 2023.01.01
~
2023.12.31
 
 
78,311
 
 
 
— 
 
 
 
69,599
 
 
 
— 
 
 
 
(69,599
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
Energy Cashback
 
Energy Cashback
 
 2023.01.01
~
2023.12.31
 
 
2,560
 
 
 
— 
 
 
 
2,560
 
 
 
— 
 
 
 
(2,560
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
Safety inspection of general electrical equipment
 
Safety inspection of general electrical equipment
 
2023.01.01
~
2023.04.18
 
 
495
 
 
 
— 
 
 
 
635
 
 
 
— 
 
 
 
(635
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
Establishment of Integrated Control System for Renewable Energy in the power distribution sector
 
Establishment of Integrated Control System for Renewable Energy in the Power Distribution Sector
 
2023.01.01
~
2023.12.31
 
 
2,510
 
 
 
— 
 
 
 
680
 
 
 
2
 
 
 
(680
) 
 
 
(1,832
) 
 
 
1,832
 
 
 
2
 
Ministry of Employment and Labor
 
Support for the installation of workplace daycare centers
 
Support for the installation of workplace daycare centers
 
2023.01.01
~
2023.12.31
 
 
1,491
 
 
 
— 
 
 
 
270
 
 
 
— 
 
 
 
(270
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2024
 
Department
 
Business Name
 
Description
 
Period
 
Budget
 
 
Beginning
Balance
 
 
Received
 
 
Interest
 
 
Used
 
 
Return
 
 
Others
 
 
Ending
Balance
 
 
 
 
 
 
 
 
 
In millions of won
 
Ministry of Trade, Industry and Energy
 
Temporary electricity bill support for small business owners
 
Temporary electricity bill support for small business owners
 
 2021.04.01
~
2022.06.30
 
 
211,235
 
 
 
1,069
 
 
 
— 
 
 
 
— 
 
 
 
(791
) 
 
 
(278
) 
 
 
— 
 
 
 
— 
 
Ministry of Employment and Labor
 
Support for the installation of workplace daycare centers
 
Support for the installation of workplace daycare centers
 
2023.01.01
~
2023.12.31
 
 
1,491
 
 
 
— 
 
 
 
— 
 
 
 
1
 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
1
 
Ministry of Trade, Industry and Energy
 
Support for underground power line installation
 
Daebul Industrial Complex Underground Power Line Project (Phase 1) (Subsidy)
 
2023.12.01
~
2025.12.31
 
 
3,492
 
 
 
— 
 
 
 
3,492
 
 
 
— 
 
 
 
(3,492
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
Construction of the Integrated Control System for Renewable Energy in Transmission Area
 
Construction of the Integrated Control System for Renewable Energy in Transmission Area
 
2023.01.01
~
2023.12.31
 
 
490
 
 
 
— 
 
 
 
213
 
 
 
— 
 
 
 
(213
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
Construction of the Integrated Control System for Renewable Energy in Power Distribution Sector
 
Construction of the Integrated Control System for Renewable Energy in Power Distribution Sector
 
2023.01.01
~
2023.12.31
 
 
2,510
 
 
 
2
 
 
 
203
 
 
 
— 
 
 
 
(205
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of SMEs and Startup
 
Temporary electricity bill support for small business owners
 
Temporary electricity bill support for small business owners (2024)
 
2024.02.15
~
2024.12.31
 
 
178,753
 
 
 
— 
 
 
 
156,058
 
 
 
— 
 
 
 
(127,984
) 
 
 
— 
 
 
 
— 
 
 
 
28,074
 
Ministry of Trade, Industry and Energy
 
Electricity supply business in rural areas
 
Electricity supply business in rural areas (Support for Losses in Local Government Operations)
 
2024.01.01
~
2024.12.31
 
 
161,429
 
 
 
— 
 
 
 
170,276
 
 
 
— 
 
 
 
(170,276
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
Renewable Energy Generation Difference Support
 
Renewable Energy Generation Difference Support (2024)
 
2024.01.01
~
2024.12.31
 
 
52,170
 
 
 
— 
 
 
 
51,413
 
 
 
— 
 
 
 
(51,413
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
Ministry of Trade, Industry and Energy
 
Operating expenses for regional projects around the power plant
 
Operating expenses for regional projects around the power plant (2024)
 
2024.01.02
~
2024.12.31
 
 
428
 
 
 
— 
 
 
 
61
 
 
 
— 
 
 
 
(61
) 
 
 
— 
 
 
 
— 
 
 
 
—