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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
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Summary Of Major Commitments With Local Financial Institutions
As at December 31, 2019, 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    1,637,000    —   
Inter-Korean
Cooperation Fund
  Export-Import Bank of
Korea		   KRW    37,700    3,454 
Collateralized loan on electronic accounts receivable-trade
  Shinhan Bank and others   KRW    467,560    29,102 
Plus electronic notes payable
  Industrial Bank of Korea   KRW    50,000    3,138 
Loans for working capital
  Korea Development Bank
and others		   KRW    254,193    154,693 
Facility loans
  Shinhan Bank and others   KRW    102,122    79 
  Kookmin Bank and others   USD    212,000    87,940 
Facility loans on ships
  Shinhan Bank   USD    3,000    3,000 
Derivatives transaction limit
  Korea Development Bank   KRW    100,000    18,458 
      
 
 
   
 
 
 
Total
     KRW    2,648,575    208,924 
     USD    215,000    90,940 
      
 
 
   
 
 
 
Summary of Guarantees Received from Financial Institutions
As at December 31, 2019, 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   166,315 
     USD   1,200 
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   59,304 
     PLN
1
 		  13,751 
Comprehensive credit line
  KEB Hana Bank and others   KRW   40,000 
  KEB Hana Bank   USD   10,000 
Bid guarantee
  KEB Hana Bank   USD   400 
Bid guarantee
     KRW   42,581 
Performance guarantee /Warranty Guarantee
  
Korea Software Financial Cooperative and others
   KRW   460,871 
Guarantee for advances received/others
     KRW   218,267 
Warranty guarantee
     KRW   562 
Guarantees for licensing
     KRW   6,578 
Guarantee for deposits
  Seoul Guarantee Insurance   KRW   3,586 
Merchant business guarantee insurance
     KRW   169 
     
 
 
 
Total
     KRW   938,929 
     USD   76,884 
     PLN
1
 		  13,751 
     
 
 
 
 
 1
Polish Zloty.
Summary Of Guarantees Provided By The Group For Third Parties
As at December 31, 2019, 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   4,829   4,137   
Nov 10, 2017
~Oct. 31, 2020
 
 
KT Estate Inc.
 
Daegu Beomeo-Crossroads SeohanIDaum Buyers
 Shinhan Bank  KRW   8,028   6,985   
Oct 29, 2017
~Nov. 30, 2020
 
 
KT Hitel Co., Ltd.
 
Shinhan Bank
 Cash payers  KRW   683   —     
Apr 19, 2019
~Apr 17, 2020