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Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2020

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Summary of Related Parties Outstanding Balances of Receivables and Payables

Outstanding balances of receivables and payables in relations to transactions with related parties as at December 31, 2019 and 2020, are as follows:

				December 31, 2019
				Receivables								Payables
(In millions of Korean won)				Trade receivables				Other receivables				Other payables				Lease liabilities
Associates and joint ventures		K- Realty CR-REITs No.1		￦	608			￦	23,100			￦	—			￦	57,907
		K Bank, Inc.			583				13,664				557				—
		Others			434				1,177				711				—
Total				￦	1,625			￦	37,941			￦	1,268			￦	57,907

				December 31, 2020
				Receivables								Payables
(In millions of Korean won)				Trade receivables				Other receivables				Other payables				Lease liabilities
Associates and joint ventures		K- Realty CR-REITs No.1		￦	457			￦	16,200			￦	—			￦	20,857
		K Bank, Inc.			775				32,964				891				—
		Others			72				1,147				858				—
Total				￦	1,304			￦	50,311			￦	1,749			￦	20,857

Summary of Significant Transactions With Related Parties

Significant transactions with related parties for the years ended December 31, 2018, 2019 and 2020, are as follows:

				2018
(In millions of Korean won)				Sales		Purchases1		Dividend income
Associates and joint ventures		K- Realty CR-REITs No.1		￦2,088		￦31,984		￦8,932
		MOS GS Co., Ltd. 2		493		12,023		8
		MOS Daegu Co., Ltd. 2		229		8,775		8
		MOS Chungcheong Co., Ltd. 2		540		9,159		8
		MOS Gangnam Co., Ltd. 2		333		11,549		10
		MOS GB Co., Ltd. 2		1,378		16,519		12
		MOS BS Co., Ltd. 2		324		11,193		10
		MOS Honam Co., Ltd. 2		331		10,499		10
		K Bank, Inc.		15,705		7,004		—
		NgeneBio 3		3		—		—
		Others		2,888		9,547		2,148
Total				￦24,312		￦128,252		￦11,146

1 The 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

				2019
(In millions of Korean won)				Sales				Purchases1
Associates and joint ventures		K- Realty CR-REITs No.1		￦	1,302			￦	—
		K Bank, Inc.			17,815				8,524
		Others			1,498				10,531
Others		K-REALTY CR-REIT 10 1			2,801				—
		Total		￦	23,416			￦	19,055

1 The amounts include acquisition of property and equipment and others.

				December 31, 2019
(In millions of Korean won)				Acquisition of lease receivables				Acquisition of right-of-use assets				Interest expense				Dividend income
Associates and joint ventures		K- Realty CR-REITs No.1		￦	—			￦	776			￦	2,225			￦	10,928
		Korea Information & Technology Investment Fund (KIF Investment Fund)			—				—				—				4,280
		Others			—				—				—				146
		Total		￦	—			￦	776			￦	2,225			￦	15,354

				2020
(In millions of Korean won)				Sales				Purchases1
Associates and joint ventures		K- Realty CR-REITs No.1		￦	2,298			￦	—
		Korea Information & Technology Investment Fund (KIF Investment Fund)			—				—
		K Bank, Inc.			15,658				8,227
		Others			809				10,272
		Total		￦	18,765			￦	18,499

1 The amounts include acquisition of primarily property and equipment.

				December 31, 2020
(In millions of Korean won)				Interest income				Interest expense				Dividend income
Associates and joint ventures		K- Realty CR-REITs No.1			￦—				￦917				￦8,061
		Korea Information & Technology Investment Fund (KIF Investment Fund)			—				—				9,241
		K Bank, Inc.			14				—				—
		Others			—				—				43
		Total		￦	14			￦	917			￦	17,345

Summary of Key Management Compensation

Key management compensation for the years ended December 31, 2018, 2019 and 2020, consists of:

(In millions of Korean won)		2018				2019				2020
Salaries and other short-term benefits		￦	2,762			￦	2,955			￦	2,086
Post-employment benefits			751				321				390
Stock-based compensation			878				891				5,613
Total		￦	4,391			￦	4,167			￦	8,089

Summary of Fund Transactions With Related Parties

Fund transactions with related parties for the years ended December 31, 2018, 2019 and 2020, are as follows:

		2018
(In millions of Korean won)		Equity contributions in cash and others
Associates and joint ventures
PHI Healthcare Inc. (HooH Healthcare Inc.)		￦	1,000
KT-CKP New Media Investment Fund			(1,229	)
PT. Mitra Transaksi Indonesia 1			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
K-REALTY CR REIT 1			—
Korea Information & Technology Investment Fund			—
MOS GS Co., Ltd. 2			(147	)
MOS Daegu Co., Ltd. 2			(147	)
MOS Chungcheong Co., Ltd. 2			(153	)
MOS Gangnam Co., Ltd. 2			(180	)
MOS GB Co., Ltd. 2			(203	)
MOS BS Co., Ltd. 2			(183	)
MOS Honam Co., Ltd. 2			(206	)
Daiwon Broadcasting Co., Ltd.			—
Boston Global Film & Contents Fund L.P.			(986	)
Gyeonggi-KT Green Growth Fund			—
Total		￦	24,713

1 It is the amount before reclassification to assets held for sale.

2 It is the amount before included in consolidation during the year.

		December 31, 2019
		Borrowing transaction1								Equity contributions in cash
(In millions of Korean won)		Borrowing 2				Repayment
KT-IBKC Future Investment Fund1		￦	—			￦	—			￦	3,750
KT Philippines co. Ltd.			—				—				99
Virtua Realm Sendirian Berhad			—				—				550
K-REALTY CR REIT 1			—				30,385				—
K Bank, Inc			—				—				21,782
KIF Investment Fund			—				—				—
Daiwon Broadcasting Co.,Ltd.			—				—				—
JB Emerging Market Specialty Investment Private Equity Trust No.1			—				—				—
Gyeonggi-KT Yoojin Superman Fund			—				—				1,000
KT-CKP New Media Investment Fund			—				—				(174	)
KT-DSC creative economy youth start-up investment fund			—				—				(1,800	)
KT-Smart Factory Investment Fund			—				—				2,800
KT-SB Venture Investment Fund			—				—				(2,404	)
Total		￦	—			￦	30,385			￦	25,603

1 Borrowing transactions include lease transactions.

2 Conversion effect from the adoption of IFRS 16 Lease on January 1, 2019 has been excluded.

		December 31, 2020
		Borrowing transaction1								Equity contributions in cash
(In millions of Korean won)		Borrowing				Repayment
K- Realty CR-REITs No.1		￦	—			￦	20,304			￦	—
Studio Discovery Co. Ltd.			—				—				3,000
KT Young Entrepreneurs DNA Investment Fund			—				—				3,600
KT-Smart Factory Investment Fund			—				—				2,800
KT-CKP New Media Investment Fund			—				—				(109	)
K Bank Inc.			—				—				195,011
Gyeonggi-KT Yoojin Superman Fund			—				—				1,000
Hyundai Robotics Co. Ltd.			—				—				50,000
Total		￦	—			￦	20,304			￦	255,302

1 Borrowing transactions include lease transactions.

As at December 31, 2020, there is no collateral or payment guarantee provided to or from related parties.

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The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

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