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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2022
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Summary Of Major Commitments With Local Financial Institutions
As at December 31, 2022, major commitments with local financial institutions are as follows:
 
(in millions of Korean won and
foreign currencies in thousands)
  
Financial institution
  
Limit
    
Used amount
  
Bank overdraft
   Kookmin Bank and others     372,000       —    
Inter-Korean Cooperation Fund
   Export-Import Bank of Korea     37,700       1,974  
Economic Cooperation Business Insurance
   Export-Import Bank of Korea     3,240       1,732  
Collateralized loan on electronic accounts receivable-trade
   Kookmin Bank and others     567,150       28,298  
Plus electronic notes payable
   Industrial Bank of Korea     50,000       1,663  
Working capital loan
   Korea Development Bank and others     1,415,600       165,100  
   
Shinhan Bank
   USD  72,507     USD  72,507  
   
Woori Bank
   EUR 7,700     EUR 7,700  
Facility loans
   Shinhan Bank and others     824,000       309,680  
Derivatives transaction limit
   Shinhan Bank     8,000       8,000  
   
Korea Development Bank and others
   USD  2,510,510     USD 1,970,000  
   
DBS Bank
   SGD 284,000     SGD 284,000  
   
Citi Bank
   USD 400,000     JPY 400,000  
                USD  100,000  
       
 
 
    
 
 
  
Total
   KRW     3,277,690       516,447  
   
USD
     2,983,017       2,142,507  
    EUR     7,700       7,700  
    SGD     284,000       284,000  
    JPY     —         400,000  
       
 
 
    
 
 
  
Summary of Guarantees Received from Financial Institutions
As at December 31, 2022, guarantees received from financial institutions are as follows:
 
(in millions of Korean won and
foreign currencies in thousands)
   
Financial institution
        
Limit
  
Hana Bank
    Guarantee for payment in Korean currency             4,000  
     Comprehensive credit line and others             3,100  
     Guarantee for payment in foreign currency     USD       273  
     Comprehensive credit line and others     USD       10,300  
Kookmin Bank
    Guarantee for payment in foreign currency     USD       6,484  
Shinhan Bank
    Guarantee for payment in Korean currency and others             36,298  
     Guarantee for payment in foreign currency and others     USD       77,837  
Woori Bank
    Guarantee for payment in Korean currency             5,200  
     Guarantee for payment in foreign currency     USD       7,000  
Korea Development Bank
    Refund guarantee for advances received     USD       6,880  
HSBC
    Guarantees for depositions     USD       871  
Seoul Guarantee Insurance Company
    Performance guarantee and others             783,247  
Korea Software Financial Cooperative
    Performance guarantee and others             1,445,072  
Korea Specialty Contractor Financial Cooperative
    Performance guarantee and others             531  
Korea Housing Finance Corporation
    Performance guarantee and others             14,464  
Information & Communication Financial Cooperative
    Performance guarantee and others             28,027  
                
 
 
  
Total
          KRW       2,319,939  
           USD       109,645  
                
 
 
  
Summary Of Guarantees Provided By The Group For Third Party
As at December 31, 2022, 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.
1
  
Gasan Solar Power Plant Inc.
    Shinhan Bank     4,700       672       Jan. 7, 2010
~ 
Jan. 8, 2025
 
KT Engineering Co., Ltd.
1
  
SPP Inc.
    Suhyup Bank     3,250       345       Feb. 17, 2014
~ 
Feb. 16, 2024
 
KT Engineering Co., Ltd.
1
  
Korea Cell Inc.
    Suhyup Bank     3,250       338       Feb. 17, 2014
~ 
Feb. 16, 2024
 
KT Engineering Co., Ltd.
 1
  
San-Ya Agricultural
Association Corporation
    Suhyup Bank     3,250       345       Feb. 17, 2014
~ 
Feb. 16, 2024
  
 
KT Alpha Co., Ltd.
(KT Hitel Co., Ltd.)
  
Cash payers
    T-commerce
cash payers		     860       —         Apr. 14, 2022
~ Apr. 14, 2023		  
 
Nasmedia Co., Ltd.
  
Stockholders Association
Members
    Korea Securities
Finance Corp		     5,654       986       —    
 
 
1
According to the above payment guarantee, KT Engineering, a subsidiary of the Group, will have an obligation for repayment if the principal borrower does not repay the borrowing.
Summary of the issuance of real estate collateral trust and beneficiary certificates of the Group
As at December 31, 2022, the details of the issuance of real estate collateral trust and beneficiary certificates of the Group are as follows:
 
(in millions of Korean won)
         
Commitment
(limit) amount
     
Amount provided as
collateral for
beneficiary rights
  
Collateral assets
   
Placing
    
Trust collateral beneficiary
Real Estate Collateral Trust
 1
      1st place     NongHyup Bank   
￦
 100,000     
￦
 120,000  
             Kyobo Life Insurance      180,000        216,000  
             Standard Chartered
Bank Korea Limited		      120,000        144,000  
             Samsung Life Insurance      100,000        120,000  
       2nd place     Industrial Bank of Korea      40,000        48,000  
             Korea Investment Capital      40,000        48,000  
             BNK Capital      30,000        36,000  
             Standard Chartered
Bank Korea Limited		      20,000        24,000  
             NH Capital      20,000        24,000  
       3rd place
 2
     LOTTE Engineering &
Construction		      —          736,921  
 
  1
The Group provides a certificate of beneficiary rights for land classified as investment properties and inventory assets as collateral in connection with the above real estate collateral trust.
  2
The Group provides LOTTE Engineering & Construction with a certificate of third-priority beneficiary rights as collateral in relation to the construction contract amount of
￦
614,101 million.