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Related Party Transactions (Tables)

12 Months Ended

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
(in 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 Amounts include acquisition of property and equipment, and others.

				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 Amounts 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
(in millions of Korean won)				Operating Revenue				Purchases1
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 transactions1								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.

		2021
		Borrowing transactions1								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 transactions 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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