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Financial Income and Costs | 12 Months Ended
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Dec. 31, 2020
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Financial Income and Costs |
28. | Financial Income and Costs
Details of financial income for the years ended December 31, 2018, 2019 and 2020, are as follows:
(In millions of Korean won) |  | 2018 |  |  | 2019 |  |  | 2020 |
Interest income |  | ￦ | 244,796 |  |  | ￦ | 282,704 |  |  | ￦ | 270,571 |
Gain on foreign currency transactions |  |  | 17,175 |  |  |  | 24,596 |  |  |  | 17,493 |
Gain on foreign currency translation |  |  | 3,691 |  |  |  | 17,979 |  |  |  | 164,351 |
Gain on settlement of derivatives |  |  | 27,950 |  |  |  | 9,016 |  |  |  | 9,397 |
Gain on valuation of derivatives |  |  | 66,305 |  |  |  | 77,353 |  |  |  | 172 |
Others |  |  | 14,326 |  |  |  | 12,747 |  |  |  | 36,630 |
Total |  | ￦ | 374,243 |  |  | ￦ | 424,395 |  |  | ￦ | 498,614 |
Details of financial costs for the years ended December 31, 2018, 2019 and 2020, are as follows:
(In millions of Korean won) |  | 2018 |  |  | 2019 |  |  | 2020 |
Interest expenses |  | ￦ | 296,874 |  |  | ￦ | 278,427 |  |  | ￦ | 263,579 |
Loss on foreign currency transactions |  |  | 49,156 |  |  |  | 30,267 |  |  |  | 27,805 |
Loss on foreign currency translation |  |  | 72,642 |  |  |  | 93,977 |  |  |  | 26,340 |
Loss on settlement of derivatives |  |  | — |  |  |  | 20 |  |  |  | 1,406 |
Loss on valuation of derivatives |  |  | 2,045 |  |  |  | 15,867 |  |  |  | 163,763 |
Loss on disposal of trade receivables |  |  | 13,818 |  |  |  | 11,298 |  |  |  | 8,152 |
Others |  |  | 1,124 |  |  |  | 2,277 |  |  |  | 16,338 |
Total |  | ￦ | 435,659 |  |  | ￦ | 432,133 |  |  | ￦ | 507,383 |

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- Definition The disclosure of finance income (cost). [Refer: Finance income (cost)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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- Definition Text block [abstract] + References No definition available. + Details
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