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v3.23.1

Related Party Transactions (Tables) | 12 Months Ended
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Dec. 31, 2022
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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, 2021 and 2022, are as follows:
|  | December 31, 2021 |
|  |  |  | Receivables |  |  | Payables |
(in millions of Korean won) |  | Trade receivables |  |  | Other receivables |  |  | Trade payables |  |  | Other payables |  |  | Lease liabilities |
Associates and joint ventures |  | K Bank, Inc. |  | ￦ | 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 |  |  | ￦ | — |
|  | December 31, 2022 |
|  |  |  | Receivables |  |  | Payables |
(in millions of Korean won) |  | Trade receivables |  |  | Other receivables |  |  | Trade payables |  |  | Other payables |  |  | Lease liabilities |
Associates and joint ventures |  | K Bank, Inc. |  | ￦ | 682 |  |  | ￦ | 258,999 |  |  | ￦ | — |  |  | ￦ | 299 |  |  | ￦ | — |
|  | Little Big Pictures |  |  | 1,454 |  |  |  | 7,645 |  |  |  | — |  |  |  | 9 |  |  |  | — |
|  | K-Realty 11th Real Estate Investment Trust Company |  |  | 151 |  |  |  | 1,283 |  |  |  | — |  |  |  | — |  |  |  | 8,824 |
|  | Others |  |  | 2,285 |  |  |  | 2 |  |  |  | 3,235 |  |  |  | 2,932 |  |  |  | — |
Total |  |  |  | ￦ | 4,572 |  |  | ￦ | 267,929 |  |  | ￦ | 3,235 |  |  | ￦ | 3,240 |  |  | ￦ | 8,824 |
Summary of Significant Transactions With Related Parties |
|  |  |  | 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, Inc. |  |  | 15,658 |  |  |  | 8,227 |
|  | Others |  |  | 809 |  |  |  | 10,272 |
Total |  |  |  | ￦ | 18,765 |  |  | ￦ | 18,499 |
|  | 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 |
| 1 | A mounts include acquisition of property and equipment , and other s.
|  |  |  | 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, Inc. |  |  | 24,247 |  |  |  | 15,164 |
|  | Others 2 ,3 |  |  | 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, Inc. |  |  | — |  |  |  | — |  |  |  | — |
|  | Others 2 ,3 |  |  | — |  |  |  | — |  |  |  | 8,637 |
Total |  |  |  | ￦ | 223 |  |  | ￦ | 205 |  |  | ￦ | 48,779 |
| 1 | A mounts include acquisition of property and equipment , and others.
| 2 | Transaction amount before OSKENT Co., Ltd., Mission Culture Industry Limited, Sweet and Sour Culture Industry Limited, Alma Mater Culture Industry Limited, and KT Philippines are excluded from associates and joint ventures .
| 3 | Includes transactions of Oscar Ent. before it was excluded as associates and joint ventures of the Group.
|  |  |  | 2022 |
( i n millions of Korean won) |  | Operating Revenue |  |  | Purchases 1 |
Associates and joint ventures |  | K- Realty CR-REITs No.1 2 |  | ￦ | — |  |  | ￦ | — |
| K Bank, Inc. |  |  | 29,536 |  |  |  | 11,007 |
| Hyundai Robotics Co., Ltd. 1 |  |  | 94 |  |  |  | 3,799 |
| K-Realty 11th Real Estate Investment Trust Company |  |  | 330 |  |  |  | 1,674 |
|  | Others 3 |  |  | 11,964 |  |  |  | 37,742 |
Others |  | Digital Pharm Co., Ltd. |  |  | 1 |  |  |  | — |
Total |  |  |  |  | 41,925 |  |  |  | 54,222 |
|  |  |  | 2022 |
(in millions of Korean won ) |  | Acquisition of right-of- use assets |  |  | Interest income |  |  | Interest expense |  |  | Dividend income |
Associates and joint ventures |  | K- Realty CR-REITs No.1 2 |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 45,549 |
| K Bank, Inc. |  |  | — |  |  |  | 3,052 |  |  |  | — |  |  |  | — |
| Hyundai Robotics Co., Ltd. 1 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
| K-Realty 11th Real Estate Investment Trust Company |  |  | 1,966 |  |  |  | — |  |  |  | 260 |  |  |  | 162 |
|  | Others 3 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,158 |
Total |  |  |  | ￦ | 1,966 |  |  | ￦ | 3,052 |  |  | ￦ | 260 |  |  | ￦ | 54,869 |
| 1 | Amounts include acquisition of property and equipment , and others.
| 2 | Includes transactions of the entity before it was excluded as an associate and joint venture of the Group.
| 3 | Includes transactions of StorySoop Inc. before it was excluded as associates and joint ventures of the Group.
Summary of Key Management Compensation | Key management compensation for the years ended December 31, 2020, 2021 and 2022, consists of:
(in millions of Korean won) |  | 2020 |  |  | 2021 |  |  | 2022 |
Salaries and other short-term benefits |  | ￦ | 2,086 |  |  | ￦ | 2,189 |  |  | ￦ | 1,855 |
Post-employment benefits |  |  | 390 |  |  |  | 412 |  |  |  | 294 |
Share-based compensation |  |  | 625 |  |  |  | 669 |  |  |  | 976 |
Total |  | ￦ | 3,101 |  |  | ￦ | 3,270 |  |  | ￦ | 3,125 |
Summary of Fund Transactions With Related Parties | Fund transactions with related parties for the years ended December 31, 2020, 2021 and 2022, are as follows:
|  | 2020 |
|  | Borrowing transactions 1 |  |  | Equity contributions in cash |
(in millions of Korean won) |  | Borrowings |  |  | Repayments |
Associates and joint ventures |  |  |  |  |  |  |  |  |  |  |  |
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.
|  | 202 1 |
|  | Borrowing transactions 1 |  |  | Equity contributions in cash |
(in millions of Korean won ) |  | Borrowings |  |  | Repayments |
Associates and joint ventures |  |  |  |  |  |  |  |  |
K- REALTY CR REIT 1 |  | ￦ | — |  |  | ￦ | 15,964 |  |  | ￦ | — |
K Bank, Inc. |  |  | — |  |  |  | — |  |  |  | 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 2 |  |  | — |  |  |  | — |  |  |  | 18,176 |
Total |  | ￦ | — |  |  | ￦ | 15,964 |  |  | ￦ | 462,888 |
| 1 | Borrowing transaction s include lease transactions.
| 2 | Others include transactions before exclusion as associates and joint ventures of the Group.
|  | 2022 |
|  | Borrowing transactions 1 |  |  | Equity contributions in cash |
(in millions of Korean won) |  | Borrowings |  |  | Repayments |
Associates and joint ventures |  |  |  |  |  |  |  |  |  |  |  |
Megazone Cloud Corporation |  | ￦ | 30,000 |  |  | ￦ | — |  |  | ￦ | 130,001 |
IBK-KT Emerging Digital Industry Investment Fund |  |  | — |  |  |  | — |  |  |  | 10,800 |
Mastern KT Multi-Family Real Estate Private Equity Investment Fund I |  |  | — |  |  |  | — |  |  |  | 18,859 |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | — |  |  |  | — |  |  |  | 25,000 |
K-Realty 11th Real Estate Investment Trust Company |  |  | 1,916 |  |  |  | 771 |  |  |  | — |
Others |  |  | — |  |  |  | — |  |  |  | 93,478 |
Total |  | ￦ | 31,916 |  |  | ￦ | 771 |  |  | ￦ | 278,138 |
| 1 | Borrowing transactions include lease transactions.

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