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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Summary Of Major Commitments With Local Financial Institutions

As of December 31, 2017, major commitments with local financial institutions are as follows:

 

(In millions of Korean won and

foreign currencies in thousands)

    Financial institution    Currency      Limit      Used amount  

Bank overdraft

    Kookmin Bank and others      KRW        1,730,000        72  

Commercial papers

    NH Investment & Securities
Co., Ltd.		      KRW        370,000        300,000  

Collateralized loan on accounts receivable-trade

    NongHyup Bank and others      KRW        35,560        —    

Collateralized loan on electronic accounts receivable-trade

    Shinhan Bank and others      KRW        343,000        42,350  

Plus electronic notes payable

    Industrial Bank of Korea      KRW        50,000        140  

Loans for working capital

    Korea Development Bank
and others		      KRW        306,500        207,300  

Green energy factoring

    Shinhan Bank      KRW        16        16  

FX forward trading commitment

    Shinhan Bank      USD        11,500        —    

Facility loans

    Kookmin Bank and others      KRW        8,456        8,456  
        USD        212,000        166,108  

Facility loans on ships

    Shinhan Bank      USD        30,000        15,000  

Inter-Korean Cooperation Fund

    Export-Import Bank of Korea      KRW        37,700        4,688  

Total

         KRW        2,881,232        563,022  
        USD        253,500        181,108  
Summary of Guarantees Received from Financial Institutions

As of December 31, 2017, guarantees received from financial institutions are as follows:

 

(In millions of Korean won and

thousands of foreign currencies)

    Financial institution    Currency     Limit  

Performance guarantee

    Seoul Guarantee Insurance and others      KRW       116,787  
        USD       1,275  

Guarantee for import letters of credit

    Industrial Bank of Korea and others      USD       5,980  

Guarantee for payment in foreign currency

    KEB Hana and others      USD       54,072  
        PLN 1      23,000  

Guarantee for advances received

    Export-Import Bank of Korea      USD       7,414  

Comprehensive credit line

    KEB Hana Bank and others      KRW       55,000  

Bid guarantee

    KEB Hana Bank      USD       400  

Bid guarantee

    Korea Software Financial Cooperative      KRW       96,911  

Performance guarantee /Warranty Guarantee

         KRW       302,062  

Guarantee for advances received/others

    Korea Software Financial Cooperative
and others		      KRW       99,228  

Warranty guarantee

    Seoul Guarantee Insurance      KRW       2,962  

Guarantees for licensing

         KRW       4,077  

Guarantees for public sale

         KRW       50  

Guarantees for deposits

    Seoul Guarantee Insurance and others      KRW       4,203  

Total

         KRW       681,280  
        USD       69,141  
        PLN 1      23,000  

 

1 Polish Zloty.
Summary Of Guarantees Provided By The Group For Third Parties

As of December 31, 2017, guarantees provided by the Group to a third party, are as follows:

 

(in millions of Korean won)    Subject to payment guarantees    Creditor    Limit      Used amount      Period  

KT Estate Inc.

   

Busan Gaya Centreville Buyers

    Shinhan
Bank		      ￦48,536        ￦8,309       

 Nov 10, 2017

~Oct. 31, 2020

  

 

KT Estate Inc.

   

Daegu Beomeo -Crossroads SeohanIDaum Buyers

    Shinhan
Bank		      81,722        14,237       

 Oct 29, 2017

~Nov. 30, 2020

  

 

KT Hitel Co., Ltd.

    KEB Hana Bank    Cash
payers		      384        —         

 Apr 19, 2017

~ Apr 19, 2018