24.

Share-based Payments

Details of share-based payments as of December 31, 2017, are as follows:


		11th
Grant date		July 27, 2017
Grantee		CEO, inside directors, outside directors, executives
Vesting conditions		Service condition: 1 year Non-market performance condition: achievement of performance
Fair value per option (in Korean won)		￦34,400
Total compensation costs (in Korean won)		￦6,483 million
Estimated exercise date (exercise date)		After July 27, 2018
Valuation method		Fair value method

Changes in the number of stock options and the weighted-average exercise price as of December 31, 2016 and 2017, are as follows:


	2016
	Beginning		Granted		Expired		Forfeited		Exercised¹		Ending		Number of shares exercisable
9th grant	￦	263,123	￦	54,913	￦	181,685	￦	—	￦	136,351	￦	—	￦	—
10th grant		—		318,506		—		—		—		318,506		—

Total	￦	263,123	￦	373,419	￦	181,685	￦	—	￦	136,351	￦	318,506	￦	—


	2017
	Beginning		Granted		Expired		Forfeited		Exercised¹		Ending		Number of shares exercisable
10th grant	￦	318,506	￦	—	￦	193,094	￦	—	￦	125,412	￦	—	￦	—
11th grant		—		316,949		—		—		—		316,949		—

Total	￦	318,506	￦	316,949	￦	193,094	￦	—	￦	125,412	￦	316,949	￦	—

The weighted average price of ordinary shares at the time of exercise during 2017 was ￦31,797 (2016: ￦31,750).