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Related Party Transactions | 12 Months Ended
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Dec. 31, 2018
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Related Party Transactions | 35. Related Party Transactions The list of related party of the Group as at December 31, 2018, is as follows:
Relationship |  | Name of Entry
Associates and joint ventures |  | Korea Information & Technology Investment Fund, K- Realty CR-REITs No.1, KT-SB Venture Investment Fund, Boston Global Film & Contents Fund L.P., QTT Global (Group) Company Limited, CU Industrial Development Co., Ltd., PHI Healthcare. (HooH Healthcare Inc.), KD Living, Inc., Oscar Ent. Co., Ltd., KT-CKP New Media Investment Fund, LoginD Co., Ltd., K-REALTY CR-REIT 6, K Bank, Inc., ISU-kthContents Investment Fund, Daiwon Broadcasting Co., Ltd., KT-DSC creative economy youth start-up investment fund, Gyeonggi-KT Green Growth Fund, Korea electronic Vehicle charging service, PT. Mitra Transaksi Indonesia, K-REALTY RENTAL HOUSING REIT 2, AI RESEARCH INSTITUTE, KT-IBKC Future Investment Fund 1, Gyeonggi-KT Yoojin Superman Fund, FUNDA Co., Ltd., FUNDA Co., Ltd., CHAMP IT Co., Ltd., GE Premier 1st Corporate Restructuring Real Estate Investment Trust Company, Alliance Internet Corp., JB Emerging Market Specialty Investment Private Equity Trust No.1, Little big pictures.
Outstanding balances of receivables and payables in relations to transactions with related parties as at December 31, 2017 and 2018, are as follows:
|  |  |  | December 31, 2017 |
|  |  |  | Receivables |  |  | Payables |
(In millions of Korean won) |  | Trade receivables |  |  | Loans |  |  | Other receivables |  |  | Other payables |
Associates and joint ventures |  | K-REALTY CR REITs No.1 |  | ￦ | 778 |  |  | ￦ | — |  |  | ￦ | 33,800 |  |  | ￦ | — |
| MOS GS Co., Ltd. |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 392 |
| MOS Daegu Co., Ltd. |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1,388 |
| MOS Chungcheong Co., Ltd. |  |  | 1 |  |  |  | — |  |  |  | 290 |  |  |  | 1,827 |
| MOS Gangnam Co., Ltd. |  |  | 6 |  |  |  | — |  |  |  | 1 |  |  |  | 287 |
| MOS GB Co., Ltd. |  |  | 17 |  |  |  | — |  |  |  | 1 |  |  |  | 778 |
| MOS BS Co., Ltd. |  |  | 34 |  |  |  | — |  |  |  | 1 |  |  |  | 46 |
| MOS Honam Co., Ltd. |  |  | 2 |  |  |  | — |  |  |  | 1 |  |  |  | 384 |
| K Bank, Inc. |  |  | 1,338 |  |  |  | — |  |  |  | 7,994 |  |  |  | 296 |
| NgeneBio |  |  | 1 |  |  |  | 2,510 |  |  |  | — |  |  |  | 3 |
| Others |  |  | 54 |  |  |  | — |  |  |  | 1,281 |  |  |  | 2,135 |
|  | Total |  | ￦ | 2,249 |  |  | ￦ | 2,510 |  |  | ￦ | 43,369 |  |  | ￦ | 7,536 |
|  | December 31, 2018 |
|  |  |  | Receivables |  |  | Payables |
(In millions of Korean won) |  | Trade receivables |  |  | Other receivables |  |  | Trade payables |  |  | Other payables |
Associates and joint ventures |  | K-REALTY CR REITs No.1 |  | ￦ | 674 |  |  | ￦ | 30,910 |  |  | ￦ | — |  |  | ￦ | — |
| K Bank, Inc. |  |  | 627 |  |  |  | 12,435 |  |  |  | — |  |  |  | 296 |
| Others |  |  | 777 |  |  |  | 1,225 |  |  |  | 4 |  |  |  | 1,116 |
|  | Total |  | ￦ | 2,078 |  |  | ￦ | 44,570 |  |  | ￦ | 4 |  |  | ￦ | 1,412 |
Significant transactions with related parties for the years ended December 31, 2016, 2017 and 2018, are as follows:
|  |  |  | 2016 |
(In millions of Korean won) |  | Sales |  |  | Purchases2 |
Associates and joint ventures |  | KT Wibro Infra Co., Ltd. |  | ￦ | 11 |  |  | ￦ | 391 |
| Smart Channel Co., Ltd.1 |  |  | 766 |  |  |  | — |
| K- Realty CR-REITs No.1 |  |  | 1,989 |  |  |  | 37,469 |
| MOS GS Co., Ltd. |  |  | 663 |  |  |  | 17,361 |
| MOS Daegu Co., Ltd. |  |  | 291 |  |  |  | 12,220 |
| MOS Chungcheong Co., Ltd. |  |  | 408 |  |  |  | 13,469 |
| MOS Gangnam Co., Ltd. |  |  | 412 |  |  |  | 15,797 |
| MOS GB Co., Ltd. |  |  | 891 |  |  |  | 21,802 |
| MOS BS Co., Ltd. |  |  | 441 |  |  |  | 15,346 |
| MOS Honam Co., Ltd. |  |  | 418 |  |  |  | 14,389 |
| Others |  |  | 1,719 |  |  |  | 29,422 |
|  | Total |  | ￦ | 8,009 |  |  | ￦ | 177,666 |
| 1 | The transactions for the year ended December 31, 2016, before Smart Channel Co., Ltd. was included in the consolidation scope.
| 2 | Amounts include acquisition of primarily property and equipment.
|  |  |  | 2017 |
(In millions of Korean won) |  | Sales |  |  | Purchases1 |
Associates and joint ventures |  | K- Realty CR-REITs No.1 |  | ￦ | 2,233 |  |  | ￦ | 35,532 |
| MOS GS Co., Ltd. |  |  | 704 |  |  |  | 16,946 |
| MOS Daegu Co., Ltd. |  |  | 335 |  |  |  | 8,514 |
| MOS Chungcheong Co., Ltd. |  |  | 455 |  |  |  | 15,542 |
| MOS Gangnam Co., Ltd. |  |  | 484 |  |  |  | 16,380 |
| MOS GB Co., Ltd. |  |  | 987 |  |  |  | 21,651 |
| MOS BS Co., Ltd. |  |  | 460 |  |  |  | 15,957 |
| MOS Honam Co., Ltd. |  |  | 493 |  |  |  | 14,294 |
| K Bank, Inc. |  |  | 29,939 |  |  |  | 59 |
| NgeneBio2 |  |  | 43 |  |  |  | — |
| Others |  |  | 1,149 |  |  |  | 11,384 |
|  | Total |  | ￦ | 37,282 |  |  | ￦ | 156,259 |
| 1 | The amount includes acquisition of primarily property and equipment.
| 2 | It is the amount after excluded from consolidation during the year.
|  |  |  | 2018 |
(In millions of Korean won) |  | Sales |  |  | Purchases1 |
Associates and joint ventures |  | K- Realty CR-REITs No.1 |  | ￦ | 2,088 |  |  | ￦ | 31,984 |
| MOS GS Co., Ltd.2 |  |  | 493 |  |  |  | 12,023 |
| MOS Daegu Co., Ltd.2 |  |  | 229 |  |  |  | 8,775 |
| MOS Chungcheong Co., Ltd.2 |  |  | 540 |  |  |  | 9,159 |
| MOS Gangnam Co., Ltd.2 |  |  | 333 |  |  |  | 11,549 |
| MOS GB Co., Ltd.2 |  |  | 1,378 |  |  |  | 16,519 |
| MOS BS Co., Ltd.2 |  |  | 324 |  |  |  | 11,193 |
| MOS Honam Co., Ltd.2 |  |  | 331 |  |  |  | 10,499 |
| K Bank, Inc. |  |  | 15,705 |  |  |  | 7,004 |
| NgeneBio3 |  |  | 3 |  |  |  | — |
| Others |  |  | 2,888 |  |  |  | 9,547 |
|  | Total |  | ￦ | 24,312 |  |  | ￦ | 128,252 |
| 1 | Amounts include acquisition of primarily property and equipment.
| 2 | It is the amount before excluded from consolidation during the year.
| 3 | It is the amount before excluded from associates during the year
Key management compensation for the years ended December 31, 2016, 2017 and 2018, consists of:
(In millions of Korean won) |  | 2016 |  |  | 2017 |  |  | 2018 |
Salaries and other short-term benefits |  | ￦ | 2,629 |  |  | ￦ | 2,879 |  |  | ￦ | 2,762 |
Post-employment benefits |  |  | 381 |  |  |  | 311 |  |  |  | 751 |
Stock-based compensation |  |  | 1,237 |  |  |  | 1,331 |  |  |  | 878 |
Total |  | ￦ | 4,247 |  |  | ￦ | 4,521 |  |  | ￦ | 4,391 |
Fund transactions with related parties for the years ended December 31, 2017 and 2018, are as follows:
(In millions of Korean won) |  | 2017 |
| Equity contributions in cash |  |  | Dividend income |
Associates and joint ventures |  |  |  |  |  |  |  |
PT. Mitra Transaksi Indonesia |  | ￦ | 5,194 |  |  | ￦ | — |
KT-IBKC future investment fund 1 |  |  | 7,500 |  |  |  | — |
CHAMP IT Co., Ltd. |  |  | 750 |  |  |  | — |
Korea Electronic Vehicle Charging Service |  |  | 864 |  |  |  | — |
Gyeonggi-KT Yoojin Superman Fund |  |  | 1,000 |  |  |  | — |
K-REALTY CR REIT 1 |  |  | — |  |  |  | 5,392 |
K Bank, Inc. |  |  | 26,543 |  |  |  | — |
Korea Information & Technology Investment Fund |  |  | — |  |  |  | 739 |
MOS GS Co., Ltd. |  |  | — |  |  |  | 12 |
MOS Daegu Co., Ltd. |  |  | — |  |  |  | 12 |
MOS Chungcheong Co., Ltd. |  |  | — |  |  |  | 12 |
MOS Gangnam Co., Ltd. |  |  | — |  |  |  | 10 |
MOS GB Co., Ltd. |  |  | — |  |  |  | 15 |
MOS BS Co., Ltd. |  |  | — |  |  |  | 10 |
MOS Honam Co., Ltd. |  |  | — |  |  |  | 10 |
Total |  | ￦ | 41,851 |  |  | ￦ | 6,212 |
(In millions of Korean won) |  | 2018 |
| Equity contributions in cash and others |  |  | Dividend income |
Associates and joint ventures |  |  |  |  |  |  |  |
PHI Healthcare Inc. (HooH Healthcare Inc.) |  | ￦ | 1,000 |  |  | ￦ | — |
KT-CKP New Media Investment Fund |  |  | (1,229 | ) |  |  | — |
PT. Mitra Transaksi Indonesia1 |  |  | 1,567 |  |  |  | — |
Gyeonggi-KT Yoojin Superman Fund |  |  | 1,000 |  |  |  | — |
KT-DSC creative economy youth start-up investment fund |  |  | (1,800 | ) |  |  | — |
KT-IBKC future investment fund 1 |  |  | (1,050 | ) |  |  | — |
Korea Electronic Vehicle Charging Service |  |  | 168 |  |  |  | — |
K Bank, Inc. |  |  | 26,725 |  |  |  | — |
GE Premier 1st Corporate Restructuring Real Estate Investment Trust Company |  |  | (3,423 | ) |  |  | — |
JB Emerging Market Specialty Investment Private Equity Trust No.1 |  |  | 3,960 |  |  |  | 202 |
K-REALTY CR REIT 1 |  |  | — |  |  |  | 8,932 |
Korea Information & Technology Investment Fund |  |  | — |  |  |  | 1,842 |
MOS GS Co., Ltd.2 |  |  | (147 | ) |  |  | 8 |
MOS Daegu Co., Ltd.2 |  |  | (147 | ) |  |  | 8 |
MOS Chungcheong Co., Ltd.2 |  |  | (153 | ) |  |  | 8 |
MOS Gangnam Co., Ltd.2 |  |  | (180 | ) |  |  | 10 |
MOS GB Co., Ltd.2 |  |  | (203 | ) |  |  | 12 |
MOS BS Co., Ltd.2 |  |  | (183 | ) |  |  | 10 |
MOS Honam Co., Ltd.2 |  |  | (206 | ) |  |  | 10 |
Daiwon Broadcasting Co., Ltd. |  |  | — |  |  |  | 85 |
Boston Global Film & Contents Fund L.P. |  |  | (986 | ) |  |  | — |
Gyeonggi-KT Green Growth Fund |  |  | — |  |  |  | 19 |
Total |  | ￦ | 24,713 |  |  | ￦ | 11,146 |
1 | It is the amount before reclassification to assets held for sale.
2 | It is the amount before included in consolidation during the year.

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