Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Summary Of Major Commitments With Local Financial Institutions

As at December 31, 2020, 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

1,502,000

—

Inter-Korean Cooperation Fund

Export-Import Bank of Korea

KRW

37,700

2,714

Insurance for Economic Cooperation project

Export-Import Bank of Korea

KRW

3,240

1,732

Collateralized loan on electronic accounts receivable-trade

Kookmin Bank and others

KRW

522,849

23,475

Plus electronic notes payable

Industrial Bank of Korea

KRW

50,000

331

Loans for working capital

Korea Development Bank and others

KRW

243,593

152,243

Facility loans

Shinhan Bank and others

KRW

100,123

Kookmin Bank and others

USD

212,000

48,855

Derivatives transaction limit

Korea Development Bank

KRW

100,000

22,027

Woori Bank and others

USD

69,054

44,616

Total

KRW

2,559,505

202,577

USD

281,054

93,471

Summary of Guarantees Received from Financial Institutions

As at December 31, 2020, 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		208,386
Performance guarantee	Korea Development Bank and others		USD		8,569
Guarantee for import letters of credit	Industrial Bank of Korea and others		USD		5,000
Guarantee for payment in won currency	Shinhan Bank and others		KRW		70,962
Refund guarantee for advances received	Korea Development Bank		USD		8,536
Guarantee for payment in foreign currency	KEB Hana Bank and others		USD		40,840
Comprehensive credit line	KEB Hana Bank and others		KRW		41,100
Comprehensive credit line	KEB Hana Bank and others		USD		8,700
Bid guarantee	KEB Hana Bank		USD		400
Bid guarantee	Korea Software Financial Cooperative and others		KRW		80,246
Performance guarantee /warranty guarantee			KRW		393,019
Guarantee for advance payments/others			KRW		388,656
Warranty guarantee	Seoul Guarantee Insurance		KRW		1,305
Performance guarantee			KRW		9,690
Guarantees for licensing			KRW		7,748
Guarantees for depositions			KRW		3,792
Merchant business guarantee insurance			KRW		237

Total			KRW		1,205,141
			USD		72,045

Summary Of Guarantees Provided By The Group For Third Parties

As at December 31, 2020, guarantees provided by the Group to a third party, are as follows:

(In millions of Korean won)

Subject to payment
guarantees

Creditor

Limit

Used
amount

Period

KT Engineering Co., Ltd.

(KT ENGCORE Co., Ltd.)

Gasan Solar Power Plant Inc.

Shinhan Bank

4,700

1,371

Jan. 08, 2025

KT Engineering Co., Ltd.

(KT ENGCORE Co., Ltd.)

SPP Inc.

Suhyup Bank

3,250

932

Feb. 16, 2024

KT Engineering Co., Ltd.

(KT ENGCORE Co., Ltd.)

Korea Cell Inc.

Suhyup Bank

3,250

880

Feb. 16, 2024

KT Engineering Co., Ltd.

(KT ENGCORE Co., Ltd.)

San-Ya

Agricultural

Association Corporation

Suhyup Bank

3,250

888

Feb. 16, 2024

KT Engineering Co., Ltd.

(KT ENGCORE Co., Ltd.)

Ciocanesti Korea Co., Ltd.

NH Investment &
Securities Co.,Ltd.

7,600

Jun. 8, 2017

KT Hitel Co., Ltd.

Shinhan Bank

Cash payers

700

—

Apr. 17, 2020

~ Apr. 16, 2021

Nasmedia Co., Ltd.

Stockholders Association Members

Korea Securities
Finance Corp

5,654

2,735

—

According to the above payment guarantee, KT Engineering Co., Ltd. (KT ENGCORE Co., Ltd.), a subsidiary of the Group, will have an obligation of repayment if the principal borrower does not repay the borrowing.