XML 73 R61.htm IDEA: XBRL DOCUMENT
v3.23.1

Investments in Associates and Joint Ventures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Text block [abstract] |
Summary of Details of Associates | Details of associates that are material to the Group as at December 31, 2021 and 2022, are as follows:
|  | Percentage of ownership (%) |  |  | Location |  |  | Closing month |
| December 31, 2021 |  |  | December 31, 2022 |  |  |  |  |  |  |
KIF Investment Fund |  |  | 33.3 | % |  |  | 33.3 | % |  |  | Korea |  |  |  | December |
K Bank Inc. |  |  | 33.7 | % |  |  | 33.7 | % |  |  | Korea |  |  |  | December |
Hyundai Robotics Co., Ltd. 1 |  |  | 10.0 | % |  |  | 10.0 | % |  |  | Korea |  |  |  | December |
Megazone Cloud Corporation 1 |  |  | — |  |  |  | 6.8 | % |  |  | Korea |  |  |  | December |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | — |  |  |  | 44.6 | % |  |  | Korea |  |  |  | December |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 28.6 | % |  |  | 28.6 | % |  |  | Korea |  |  |  | December |
IGIS Professional Investors Private Investment Real Estate Investment LLC No. 395 |  |  | 35.3 | % |  |  | 35.3 | % |  |  | Korea |  |  |  | December |
| 1 | As at December 31, 2022, although the Group has less than 20% ownership in ordinary share, this entity is included in investments in associates as the Group has significant influence in determining the operational and financial policies.
Summary of Changes in Investments in Associates and Joint Ventures | Changes in investments in associates and joint ventures for the years ended December 31, 2021 and 2022, are as follows:
|  | 2021 |
( i n millions of Korean won) |  | Beginning |  |  | Acquisition (Disposal) |  |  | Share of net profit (loss) from associates and joint ventures 1 |  |  | Others |  |  | Ending |
KIF Investment Fund |  | ￦ | 170,155 |  |  | ￦ | — |  |  | ￦ | 16,702 |  |  | ￦ | (7,922 | ) |  | ￦ | 178,935 |
KT-IBKC Future Investment Fund 1 |  |  | 16,190 |  |  |  | (5,700 | ) |  |  | 1,591 |  |  |  | — |  |  |  | 12,081 |
K Bank Inc. 2 |  |  | 208,272 |  |  |  | 424,957 |  |  |  | 5,809 |  |  |  | 192,699 |  |  |  | 831,737 |
Hyundai Robotics Co., Ltd. |  |  | 50,936 |  |  |  | — |  |  |  | (2,373 | ) |  |  | 162 |  |  |  | 48,725 |
K-REALTY CR REITs No.1 |  |  | 31,088 |  |  |  | — |  |  |  | 75,676 |  |  |  | (39,106 | ) |  |  | 67,658 |
Others 1 |  |  | 81,240 |  |  |  | 57,691 |  |  |  | 18,769 |  |  |  | (8,407 | ) |  |  | 149,293 |
|  | ￦ | 557,881 |  |  | ￦ | 476,948 |  |  | ￦ | 116,174 |  |  | ￦ | 137,426 |  |  | ￦ | 1,288,429 |
|  | 2022 |
( i n millions of Korean won) |  | Beginning |  |  | Acquisition (Disposal) |  |  | Share of net profit (loss) from associates and joint ventures 1 |  |  | Others |  |  | Ending |
KIF Investment Fund |  | ￦ | 178,935 |  |  | ￦ | — |  |  | ￦ | 2,502 |  |  | ￦ | (10,458 | ) |  | ￦ | 170,979 |
K Bank Inc. |  |  | 831,737 |  |  |  | — |  |  |  | 29,010 |  |  |  | (7,991 | ) |  |  | 852,756 |
Hyundai Robotics Co., Ltd. |  |  | 48,725 |  |  |  | — |  |  |  | 798 |  |  |  | (151 | ) |  |  | 49,372 |
Megazone Cloud Corporation |  |  | — |  |  |  | 130,001 |  |  |  | (22,555 | ) |  |  | 28,753 |  |  |  | 136,199 |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | — |  |  |  | 25,000 |  |  |  | (1,411 | ) |  |  | — |  |  |  | 23,589 |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 22,138 |  |  |  | — |  |  |  | (13 | ) |  |  | (2 | ) |  |  | 22,123 |
IGIS Professional Investors Private Investment Real Estate Investment LLC No . 395 |  |  | 17,084 |  |  |  | — |  |  |  | (464 | ) |  |  | — |  |  |  | 16,620 |
Others 1 |  |  | 189,810 |  |  |  | 100,040 |  |  |  | (24,688 | ) |  |  | (56,078 | ) |  |  | 209,084 |
|  | ￦ | 1,288,429 |  |  | ￦ | 255,041 |  |  | ￦ | (16,821 | ) |  | ￦ | (45,927) |  |  | ￦ | 1,480,722 |
1 | KT investment Co., Ltd., a subsidiary of the Group, recognized its share in net profit from associates and joint ventures as operating revenue and expense. These include its share in net gain from associates and joint ventures of ￦ 464 million (2020: net gain of ￦ 279 million, 2021: net gain of ￦ 113 million) recognized as operating revenue during the period.
2 | During the year ended December 31, 2021, the amount increased due to the settlement of derivative liabilities, resulting from a shareholder agreement among financial investors participating in the paid-in capital increase of K-Bank Inc.
Summary of Financial Information of Associates and Joint Ventures | Summarized financial information of associates and joint ventures as at and for the years ended December 31, 2021 and 2022, is as follows:
( i n millions of Korean won) |  | December 31, 2021 |
|  | Current assets |  |  | Non-current assets |  |  | Current liabilities |  |  | Non-current liabilities |
KIF Investment Fund |  | ￦ | 117,172 |  |  | ￦ | 419,632 |  |  | ￦ | — |  |  | ￦ | — |
KT-IBKC Future Investment Fund 1 |  |  | 24,163 |  |  |  | — |  |  |  | — |  |  |  | — |
K Bank Inc. |  |  | 13,263,658 |  |  |  | 70,362 |  |  |  | 11,594,316 |  |  |  | 2,467 |
Hyundai Robotics Co., Ltd. |  |  | 308,776 |  |  |  | 120,221 |  |  |  | 91,637 |  |  |  | 57,899 |
K-REALTY CR REITs No.1 |  |  | 208,825 |  |  |  | — |  |  |  | — |  |  |  | — |
(in millions of Korean won) |  | December 31, 2022 |
|  | Current assets |  |  | Non-current assets |  |  | Current liabilities |  |  | Non-current liabilities |
KIF Investment Fund |  | ￦ | 98,132 |  |  | ￦ | 414,804 |  |  | ￦ | — |  |  | ￦ | — |
K Bank Inc. |  |  | 16,562,742 |  |  |  | 71,265 |  |  |  | 14,830,983 |  |  |  | 2,168 |
Hyundai Robotics Co., Ltd. |  |  | 278,413 |  |  |  | 135,380 |  |  |  | 63,009 |  |  |  | 64,335 |
Megazone Cloud Corporation |  |  | 857,089 |  |  |  | 202,767 |  |  |  | 330,619 |  |  |  | 94,202 |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 52,851 |  |  |  | — |  |  |  | 12 |  |  |  | — |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 908 |  |  |  | 76,884 |  |  |  | 362 |  |  |  | — |
IGIS Professional Investors Private Investment Real Estate Investment LLC No. 395 |  |  | 9,344 |  |  |  | 127,321 |  |  |  | 90,545 |  |  |  | — |
( i n millions of Korean won) |  | 2021 |
|  | Operating revenue |  |  | Profit (loss) for the year |  |  | Other comprehensive income (loss) |  |  | Total comprehensive income (loss) |  |  | Dividends received from associates |
KIF Investment Fund |  | ￦ | 58,791 |  |  | ￦ | 50,107 |  |  | ￦ | (6,847 | ) |  | ￦ | 43,260 |  |  | ￦ | 5,640 |
KT-IBKC Future Investment Fund 1 |  |  | 5,912 |  |  |  | 3,184 |  |  |  | — |  |  |  | 3,184 |  |  |  | — |
K Bank Inc. |  |  | 287,775 |  |  |  | 21,728 |  |  |  | (28,211 | ) |  |  | (6,483 | ) |  |  | — |
Hyundai Robotics Co., Ltd. |  |  | 189,255 |  |  |  | (23,730 | ) |  |  | 1,977 |  |  |  | (21,753 | ) |  |  | — |
K-REALTY CR REITs No.1 |  |  | 425,363 |  |  |  | 180,437 |  |  |  | — |  |  |  | 180,437 |  |  |  | 40,142 |
( i n millions of Korean won) |  | 2022 |
|  | Operating revenue |  |  | Profit (loss) for the year |  |  | Other comprehensive income (loss) |  |  | Total comprehensive income (loss) |  |  | Dividends received from associates |
KIF Investment Fund |  | ￦ | 19,916 |  |  | ￦ | 7,505 |  |  | ￦ | (11,779 | ) |  | ￦ | (4,274 | ) |  | ￦ | 6,531 |
K Bank Inc. |  |  | 558,872 |  |  |  | 86,498 |  |  |  | (24,888 | ) |  |  | 61,610 |  |  |  | — |
Hyundai Robotics Co., Ltd. |  |  | 181,944 |  |  |  | 9,332 |  |  |  | (49 | ) |  |  | 9,283 |  |  |  | — |
Megazone Cloud Corporation |  |  | 1,261,228 |  |  |  | (293,186 | ) |  |  | (6,609 | ) |  |  | (299,795 | ) |  |  | — |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 9 |  |  |  | (3,161 | ) |  |  | — |  |  |  | (3,161 | ) |  |  | — |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 19,931 |  |  |  | (53 | ) |  |  | — |  |  |  | (53 | ) |  |  | — |
IGIS Professional Investors Private Investment Real Estate Investment LLC No . 395 |  |  | — |  |  |  | (474 | ) |  |  | — |  |  |  | (474 | ) |  |  | — |
Summary of Reconciliation of Carrying Amount of Interests in the Associates and Joint Ventures | Details of a reconciliation of the summarized financial information to the carrying amount of interests in the associates and joint ventures that are material to the Group as at and for the years end December 31, 2021 and 2022, are as follows:
( i n millions of Korean won) |  | 2021 |
|  | Net assets (a) |  |  | Percentage of ownership (b) |  |  | Share in net assets (c)=(a)x(b) |  |  | Intercompany transaction and others (d) |  |  | Book amount (c)+(d) |
KIF Investment Fund |  | ￦ | 536,804 |  |  |  | 33.33 | % |  | ￦ | 178,935 |  |  | ￦ | — |  |  | ￦ | 178,935 |
KT-IBKC Future Investment Fund 1 |  |  | 24,163 |  |  |  | 50.00 | % |  |  | 12,081 |  |  |  | — |  |  |  | 12,081 |
K Bank Inc. |  |  | 1,737,237 |  |  |  | 33.72 | % |  |  | 585,837 |  |  |  | 245,900 |  |  |  | 831,737 |
Hyundai Robotics Co., Ltd. |  |  | 279,461 |  |  |  | 10.00 | % |  |  | 27,946 |  |  |  | 20,779 |  |  |  | 48,725 |
K-REALTY CR REITs No.1 |  |  | 208,825 |  |  |  | 30.05 | % |  |  | 62,752 |  |  |  | 4,906 |  |  |  | 67,658 |
(in millions of Korean won) |  | 2022 |
|  | Net assets (a) |  |  | Percentage of ownership (b) |  |  | Share in net assets (c)=(a)x(b) |  |  | Intercompany transaction and others (d) |  |  | Book amount (c)+(d) |
KIF Investment Fund |  | ￦ | 512,936 |  |  |  | 33.33 | % |  | ￦ | 170,979 |  |  | ￦ | — |  |  | ￦ | 170,979 |
K Bank Inc. |  |  | 1,800,856 |  |  |  | 33.72 | % |  |  | 607,276 |  |  |  | 245,480 |  |  |  | 852,756 |
Hyundai Robotics Co., Ltd. |  |  | 286,449 |  |  |  | 10.00 | % |  |  | 28,645 |  |  |  | 20,727 |  |  |  | 49,372 |
Megazone Cloud Corporation |  |  | 635,035 |  |  |  | 6.83 | % |  |  | 43,360 |  |  |  | 92,839 |  |  |  | 136,199 |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 52,839 |  |  |  | 44.64 | % |  |  | 23,589 |  |  |  | — |  |  |  | 23,589 |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 77,430 |  |  |  | 28.57 | % |  |  | 22,123 |  |  |  | — |  |  |  | 22,123 |
IGIS Professional Investors Private Investment Real Estate Investment LLC No . 395 |  |  | 46,120 |  |  |  | 35.29 | % |  |  | 16,278 |  |  |  | 342 |  |  |  | 16,620 |

X
- Definition The disclosure of the reconciliation between the investment derecognised and the assets and liabilities recognised on the transition from the equity method to accounting for assets and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 11 -IssueDate 2022-03-24 -Paragraph C10 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=11&code=ifrs-tx-2022-en-r&anchor=para_C10&doctype=Appendix&subtype=C -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfReconciliationBetweenInvestmentDerecognisedAndAssetsAndLiabilitiesRecognisedTransitionFromEquityMethodToAccountingForAssetsAndLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of associates. [Refer: Associates [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2022-03-24 -Paragraph 17 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2022-en-r&anchor=para_17_b&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2022-03-24 -Paragraph 16 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2022-en-r&anchor=para_16_b&doctype=Standard -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B4 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B4_d&doctype=Appendix&subtype=B -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of change in investments in associates and joint ventures. + References No definition available. + Details
Name: | kt_DisclosureOfChangeInInvestmentsInAssociatesAndJointVenturesExplanatory
Namespace Prefix: | kt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial information about associates and joint ventures. + References No definition available. + Details
Name: | kt_DisclosureOfFinancialInformationAboutAssociatesAndJointVenturesExplanatory
Namespace Prefix: | kt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | kt_TextBlockAbstract
Namespace Prefix: | kt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration