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v3.22.1

Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2021
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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, 2020 and 2021, are as follows:
|  | December 31, 2020 |
|  |  |  | Receivables |  |  | Payables |
( I n millions of Korean won) |  | Trade receivables |  |  | Other receivables |  |  | Lease receivables |  |  | Trade payables |  |  | Other payables |  |  | Lease liabilities |
Associates and joint ventures |  | K-REALTY CR REIT 1 |  | ￦ | 457 |  |  | ￦ | 16,200 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 20,857 |
| K Bank |  |  | 775 |  |  |  | 32,964 |  |  |  | — |  |  |  | — |  |  |  | 891 |  |  |  | — |
| Others |  |  | 72 |  |  |  | 1,147 |  |  |  | — |  |  |  | — |  |  |  | 858 |  |  |  | — |
Total |  |  |  | ￦ | 1,304 |  |  | ￦ | 50,311 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 1,749 |  |  | ￦ | 20,857 |
|  | December 31, 2021 |
|  |  |  | Receivables |  |  | Payables |
( I n millions of Korean won) |  | Trade receivables |  |  | Other receivables |  |  | Lease receivables |  |  | Trade payables |  |  | Other payables |  |  | Lease liabilities |
Associates and joint ventures |  | K Bank |  | ￦ | 821 |  |  | ￦ | 51,422 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 513 |  |  | ￦ | — |
| IGIS Professional Investors Private Investment Real Estate Investment LLC No.395 |  |  | 4,614 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| Others |  |  | 565 |  |  |  | 1,853 |  |  |  | — |  |  |  | 343 |  |  |  | 4,829 |  |  |  | — |
Total |  |  |  | ￦ | 6,000 |  |  | ￦ | 53,275 |  |  | ￦ | — |  |  | ￦ | 343 |  |  | ￦ | 5,342 |  |  | ￦ | — |
Summary of Significant Transactions With Related Parties | Significant transactions with related parties for the years ended December 31, 2019, 2020 and 2021, are as follows:
|  |  |  | 2019 |
(In millions of Korean won) |  | Sales |  |  | Purchases 1 |
Associates and joint ventures |  | K- Realty CR-REITs No.1 |  | ￦ | 1,302 |  |  | ￦ | — |
| K Bank |  |  | 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.
|  | 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 |
( I n millions of Korean won) |  | Sales |  |  | Purchases 1 |
Associates and joint ventures |  | K- Realty CR-REITs No.1 |  | ￦ | 2,298 |  |  | ￦ | — |
| Korea Information & Technology Investment Fund (KIF Investment Fund) |  |  | — |  |  |  | — |
| K Bank |  |  | 15,658 |  |  |  | 8,227 |
|  | Others |  |  | 809 |  |  |  | 10,272 |
Total |  |  |  | ￦ | 18,765 |  |  | ￦ | 18,499 |
| 1 | The amounts include acquisition of primarily property and equipment.
|  | 2020 |
( I n 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 |  |  | 14 |  |  |  | — |  |  |  | — |
|  | Others |  |  | — |  |  |  | — |  |  |  | 43 |
Total |  |  |  | ￦ | 14 |  |  | ￦ | 917 |  |  | ￦ | 17,345 |
|  |  |  | 2021 |
(In millions of Korean won) |  | Sales |  |  | Purchases 1 |
Associates and joint ventures |  | K- Realty CR-REITs No.1 |  | ￦ | 238,847 |  |  | ￦ | 1,308 |
| IGIS Professional Investors Private Investment Real Estate Investment LLC No. 395 |  |  | 5,000 |  |  |  | — |
| K Bank |  |  | 24,247 |  |  |  | 15,164 |
|  | Others |  |  | 28,092 |  |  |  | 21,302 |
Total |  |  |  |  | 296,186 |  |  |  | 37,774 |
|  | 2021 |
(In millions of Korean won) |  | Interest income |  |  | Interest expense |  |  | Dividend income |
Associates and joint ventures |  | K- Realty CR-REITs No.1 |  |  | ￦ — |  |  |  | ￦ 205 |  |  |  | ￦ 40,142 |
| Korea Information & Technology Investment Fund (KIF Investment Fund) |  |  | 223 |  |  |  | — |  |  |  | — |
|  | K Bank |  |  | — |  |  |  | — |  |  |  | — |
|  | Others 2 |  |  | — |  |  |  | — |  |  |  | 8,637 |
Total |  |  |  | ￦ | 223 |  |  | ￦ | 205 |  |  | ￦ | 48,779 |
| 1 | The amounts include acquisition of primarily property and equipment.
| 2 | Transaction amount before OSKENT Co., Ltd., Mission Culture Industry Limited, Sweet and Sour Culture
Summary of Key Management Compensation | Key management compensation for the years ended December 31, 2019, 2020 and 2021, consists of:
(In millions of Korean won) |  | 2019 |  |  | 2020 |  |  | 2021 |
Salaries and other short-term benefits |  | ￦ | 2,955 |  |  | ￦ | 2,086 |  |  | ￦ | 2,189 |
Post-employment benefits |  |  | 321 |  |  |  | 390 |  |  |  | 412 |
Stock-based compensation |  |  | 891 |  |  |  | 625 |  |  |  | 669 |
Total |  | ￦ | 4,167 |  |  | ￦ | 3,101 |  |  | ￦ | 3,270 |
Summary of Fund Transactions With Related Parties | Fund transactions with related parties for the years ended December 31, 2019, 2020 and 2021, are as follows:
|  | December 31, 2019 |
|  | Borrowing transaction 1 |  |  | Equity contributions in cash |
(In millions of Korean won) |  | Borrowing 2 |  |  | Repayment |
KT-IBKC Future Investment Fund1 |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 3,750 |
KT Philippines C o. Ltd. |  |  | — |  |  |  | — |  |  |  | 99 |
Virtua Realm Sendirian Berhad |  |  | — |  |  |  | — |  |  |  | 550 |
K-REALTY CR REIT 1 |  |  | — |  |  |  | 30,385 |  |  |  | — |
K Bank |  |  | — |  |  |  | — |  |  |  | 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 transaction 1 |  |  | 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 |  |  | — |  |  |  | — |  |  |  | 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.
|  | December 31, 2021 |
|  | Borrowing transaction 1 |  |  | Equity contributions in cash |
(In millions of Korean won) |  | Borrowing |  |  | Repayment |
K- REALTY CR REIT 1 |  | ￦ | — |  |  | ￦ | 15,964 |  |  | ￦ | — |
K Bank |  |  | — |  |  |  | — |  |  |  | 424,957 |
Pacific Professional Investors Private Investment Real Estate Investment LLC No. 55 |  |  | — |  |  |  | — |  |  |  | 11,000 |
KT Young Entrepreneurs DNA Investment Fund |  |  | — |  |  |  | — |  |  |  | 8,400 |
Mastern KT Multi-Family Real Estate Private Equity Investment Fund 1 |  |  | — |  |  |  | — |  |  |  | 6,055 |
KT-IBKC Future Investment Fund 1 |  |  | — |  |  |  | — |  |  |  | (5,700 | )
Others |  |  | — |  |  |  | — |  |  |  | 18,176 |
Total |  | ￦ | — |  |  | ￦ | 15,964 |  |  | ￦ | 462,888 |
| 1 | Borrowing transaction include lease transactions.

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