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Other Financial Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Summary of Other Financial Assets and Liabilities | Details of other financial assets and liabilities as at December 31, 2017 and 2018, are as follows:
(In millions of Korean won) |  | December 31, 2017 |  |  | December 31, 2018 |
Other financial assets |  |  |  |  |  |  |  |
Financial assets at amortized cost1,2 |  | ￦ | 1,333,368 |  |  | ￦ | 484,271 |
Financial assets at fair value through profit or loss1,2,3 |  |  | 5,913 |  |  |  | 777,685 |
Financial assets at fair value through other comprehensive income2 |  |  | — |  |  |  | 326,157 |
Available-for-sale financial assets |  |  | 380,953 |  |  |  | — |
Derivative used for hedging |  |  | 7,389 |  |  |  | 29,843 |
Less: Non-current |  |  | (754,992 | ) |  |  | (623,176 | )
Current |  | ￦ | 972,631 |  |  | ￦ | 994,780 |
Other financial liabilities |  |  |  |  |  |  |  |
Financial liabilities at amortized cost |  | ￦ | 87,669 |  |  | ￦ | 99,330 |
Financial liabilities at fair value through profit or loss |  |  | 5,051 |  |  |  | 7,758 |
Derivatives used for hedging |  |  | 93,771 |  |  |  | 57,308 |
Less: Non-current |  |  | (149,267 | ) |  |  | (163,454 | )
Current |  | ￦ | 37,224 |  |  | ￦ | 942 |
1 | As at December 31, 2018, the Group’s financial assets amounting to ￦60,978 million (2017: ￦59,660 million), which consist of checking account deposits, deposits for Win-win Growth Cooperative loans and payment guarantee, are subject to withdrawal restrictions.
2 | In the prior year, a portion of the equity instruments was classified as available-for-sale financial assets and held-to-maturity financial assets
3 | As at December 31, 2018, MMW(Money Market Wrap) and MMT(Money Market Trust) amounting to ￦610,862 million is included in other financial assets.
Summary of Financial Assets at Fair Value Through Profit or Loss | Details of financial assets at fair value through profit or loss as at December 31, 2018 are as follows:
(In millions of Korean won) |  | December 31, 2018 |
Equity Instruments (Listed) |  |  | 121 |
Equity Instruments (Unlisted) |  |  | 62,911 |
Debt securities |  |  | 714,653 |
Total |  |  | 777,685 |
Less: non-current |  |  | (269,148 | )
Current |  | ￦ | 508,537 |
Summary of Financial Assets at Fair Value Through Other Comprehensive Income | Details of financial asset at fair value through other comprehensive income as at December 31, 2018 are as follows:
(In millions of Korean won) |  | December 31, 2018 |
Equity Instruments (Listed) |  | ￦ | 8,861 |
Equity Instruments (Unlisted) |  |  | 310,387 |
Debt securities |  |  | 6,909 |
Total |  |  | 326,157 |
Less: non-current |  |  | (326,157 | )
Current |  | ￦ | — |
Summary of Derivative Financial Assets and Liabilities | Derivatives used for hedge as at December 31, 2017 and 2018, are as follows:
|  | December 31, 2017 |  |  | December 31, 2018 |
(In millions of Korean won) |  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Interest rate swap1 |  | ￦ | — |  |  | ￦ | 2,633 |  |  | ￦ | — |  |  | ￦ | 599 |
Currency swap2 |  |  | 7,389 |  |  |  | 81,300 |  |  |  | 29,843 |  |  |  | 54,074 |
Currency forwards3 |  |  | — |  |  |  | 9,838 |  |  |  | — |  |  |  | 2,635 |
Total |  |  | 7,389 |  |  |  | 93,771 |  |  |  | 29,843 |  |  |  | 57,308 |
Less: non-current |  |  | (4,675 | ) |  |  | (56,547 | ) |  |  | (4,732 | ) |  |  | (56,366 | )
Current |  | ￦ | 2,714 |  |  | ￦ | 37,224 |  |  | ￦ | 25,111 |  |  | ￦ | 942 |
1 | The interest rate swap contract is to hedge the risk of variability in future fair value of the bond.
2 | The currency swap contract is to hedge the risk of variability in cash flow from the bond. In applying the cash flow hedge accounting, the Group hedges its exposures to cash flow fluctuation until September 7, 2034.
3 | The currency forward contract is to hedge the risk of variability in cash flow from transactions in foreign currencies due to changes in foreign exchange rate.
Summary of Valuation Gains and Losses on Derivatives Contracts | The valuation gains and losses on the derivatives contracts for the years ended December 31, 2016, 2017 and 2018, are as follows:
(In millions of Korean won) |  | 2016 |  |  | 2017 |  |  | 2018 |
Type of Transaction |  | Valuation gain |  |  | Valuation loss |  |  | Other comprehensive income1 |  |  | Valuation gain |  |  | Valuation loss |  |  | Other comprehensive income1 |  |  | Valuation gain |  |  | Valuation loss |  |  | Other comprehensive income1 |
Interest rate swap |  | ￦ | — |  |  | ￦ | 148 |  |  | ￦ | (142) |  |  | ￦ | 38 |  |  | ￦ | — |  |  | ￦ | 637 |  |  | ￦ | 192 |  |  | ￦ | — |  |  | ￦ | (488) |
Currency swap |  |  | 97,158 |  |  |  | (10 | ) |  |  | 85,479 |  |  |  | 19 |  |  |  | 187,468 |  |  |  | (146,752 | ) |  |  | 58,912 |  |  |  | 2,045 |  |  |  | 22,139 |
Currency forwards |  |  | 12,278 |  |  |  | — |  |  |  | 146 |  |  |  | — |  |  |  | 22,114 |  |  |  | (393 | ) |  |  | 7,201 |  |  |  | — |  |  |  | — |
Total |  | ￦ | 109,436 |  |  | ￦ | 138 |  |  | ￦ | 85,483 |  |  | ￦ | 57 |  |  | ￦ | 209,582 |  |  | ￦ | (146,508) |  |  | ￦ | 66,305 |  |  | ￦ | 2,045 |  |  | ￦ | 21,651 |
1 | The amounts before adjustments of deferred income tax directly reflected in equity and allocation to the non-controlling interest.
Summary of Financial Liabilities at Fair Value Through Profit or Loss | Details of financial liabilities at fair value through profit or loss as at December 31, 2017 and 2018, are as follows:
(In millions of Korean won) |  | December 31, 2017 |  |  | December 31, 2018 |
Financial liabilities at fair value through profit or loss |  |  |  |  |  |  |  |
Derivative liabilities held for trading |  | ￦ | 5,051 |  |  | ￦ | 7,758 |
Summary of Valuation Gain and Loss on Financial Liabilities at Fair Value Through Profit or Loss | The valuation gain and loss on financial liabilities at fair value through profit or loss for the years ended December 31, 2017 and 2018, are as follows:
(In millions of Korean won) |  | 2017 |  |  | 2018 |
|  | Valuation gain |  |  | Valuation loss |  |  | Valuation gain |  |  | Valuation loss |
Derivative liabilities held for trading |  | ￦ | — |  |  | ￦ | 3,078 |  |  | ￦ | — |  |  | ￦ | 2,707 |

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