Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

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Summary Of Major Commitments With Local Financial Institutions

As at December 31, 2018, major commitments with local financial institutions are as follows:

(In millions of Korean won and

thousands of foreign currencies)

Financial institution

Currency

Limit

Used amount

Bank overdraft

Kookmin Bank and others

KRW

1,697,000

—

Commercial papers

NH Investment & Securities
Co., Ltd.

KRW

300,000

Inter-Korean Cooperation Fund

Export-Import Bank of Korea

KRW

37,700

3,948

Collateralized loan on electronic accounts receivable-trade

Shinhan Bank and others

KRW

495,560

70,759

Plus electronic notes payable

Industrial Bank of Korea

KRW

50,000

960

Loans for working capital

Korea Development Bank
and others

KRW

254,300

158,000

Facility loans

Shinhan Bank and others

KRW

10,123

8,406

Kookmin Bank and others

USD

212,000

127,024

Facility loans on ships

Shinhan Bank

USD

9,000

Export L/C

Shinhan Bank

USD

—

1,156

Derivatives transaction limit

Korea Development Bank

KRW

100,000

64,622

FX forward trading commitment

Shinhan Bank

USD

11,500

—

Total

KRW

2,944,683

606,695

USD

232,500

137,180

Summary of Guarantees Received from Financial Institutions

As at December 31, 2018, 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			299,689
			USD			1,200
Guarantee for import letters of credit	Industrial Bank of Korea and others		USD			5,980
Guarantee for payment in Korean currency	Shinhan Bank and others		KRW			5
Guarantee for payment in foreign currency	KEB Hana and others		USD			51,766
			PLN	¹		23,000
Comprehensive credit line	KEB Hana Bank and others		KRW			40,000
Comprehensive credit line	KEB Hana Bank		USD			10,000
Bid guarantee	KEB Hana Bank		USD			400
Bid guarantee			KRW			58,992
Performance guarantee /Warranty Guarantee	Korea Software Financial Cooperative and others		KRW			376,420
Guarantee for advances received/others			KRW			124,901
Bid guarantee			KRW			350
Warranty guarantee			KRW			1,037
Guarantees for licensing			KRW			4,070
Performance guarantee/Warranty Guarantee	Seoul Guarantee Insurance		KRW			996
Guarantee for public sale			KRW			120
Guarantee for deposits			KRW			3,525

Total			KRW			910,105
			USD			69,346
			PLN	¹		23,000

1	Polish Zloty.

Summary Of Guarantees Provided By The Group For Third Parties

As at December 31, 2018, guarantees provided by the Group to a third party, are as follows:

(In millions of Korean won
and thousands of foreign
currencies)

Subject to payment
guarantees

Creditor

Currency

Limit

Used
amount

Period

KT Estate Inc.

Busan Gaya Centreville Buyers

Shinhan Bank

KRW

4,854

2,503

Nov 10, 2017

~Oct. 31, 2020

KT Estate Inc.

Daegu Beomeo-Crossroads SeohanIDaum Buyers

Shinhan Bank

KRW

8,172

4,271

Oct 29, 2017

~Nov. 30, 2020

KT Hitel Co., Ltd.

Shinhan Bank

Cash payers

KRW

538

—

Apr 19, 2018

~Apr 19, 2019

KT Hitel Co., Ltd.

Korea Software Financial Cooperative

Yonsei
University and
others

KRW

34,715

1,616

Oct 22, 2018

~Oct 22, 2021

BC Card Co., Ltd

PT BCcard Asia Pacific

Shinhan Bank,
Indonesia

IDR

8,000,000

Sep 18, 2018

~Sep 17, 2019