8.	Inventories

Inventories as of December 31, 2016 and 2017, are as follows:


	2016							2017
(In millions of Korean won)	Acquisition cost		Valuation allowance			Book amount		Acquisition cost		Valuation allowance			Book amount
Merchandise	￦	403,938	￦	(46,634	)	￦	357,304	￦	504,321	￦	(58,293	)	￦	446,028
Others		97,778		(494	)		97,284		195,999		—			195,999

Total	￦	501,716	￦	(47,128	)	￦	454,588	￦	700,320	￦	(58,293	)	￦	642,027

Cost of inventories recognized as expenses for year ended December 31, 2017, amounts to ￦3,855,089 million (2015: ￦3,760,892 million, 2016: ￦3,589,809 million) and valuation loss on inventory on inventory recognized amounts to ￦11,165 million for year ended December 31, 2017 (2015: valuation loss on inventory amounts to ￦4,116 million, 2016: reversal of valuation allowance of ￦20,223 million).