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Investments in Associates and Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2023
Text block [abstract] |
Summary of Details of Associates | (1) Details of associates as of December 31, 2022 and 2023, are as follows:
|  | Percentage of ownership (%) |  |  | Location |  |  | Closing month |
| December 31, 2022 |  |  | December 31, 2023 |  |  |  |  |  |  |
KIF Investment Fund |  |  | 33.3 | % |  |  | 33.3 | % |  |  | Korea |  |  |  | December |
K Bank Inc. |  |  | 33.7 | % |  |  | 33.7 | % |  |  | Korea |  |  |  | December |
HD Hyundai Robotics Co., Ltd. (formerly Hyundai Robotics Co., Ltd.) 1 |  |  | 10.0 | % |  |  | 10.0 | % |  |  | Korea |  |  |  | December |
Megazone Cloud Corporation 1 |  |  | 6.8 | % |  |  | 6.8 | % |  |  | Korea |  |  |  | December |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 44.6 | % |  |  | 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 LLCNo 395 |  |  | 35.3 | % |  |  | 35.3 | % |  |  | Korea |  |  |  | December |
LS Marine Solution Co., Ltd (formerly KT Submarine Co., Ltd.). 1, 2 |  |  | 32.9 | % |  |  | 7.3 | % |  |  | Korea |  |  |  | December |
| 1 | As of December 31, 2023, 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 | (2) Changes in investments in associates and joint ventures for the years ended December 31, 2022 and 2023, are as follows:
|  | 2022 |
(in millions of Korean won) |  | Beginning |  |  | Acquisition (Disposal) |  |  | Share of net profit (loss) from associates and joint ventures |  |  | Others |  |  | Ending |
KIF Investment Fund |  | ￦ | 178,935 |  |  | ￦ | — |  |  | ￦ | 2,502 |  |  | ￦ | (10,458 | ) |  | ￦ | 170,979 |
K Bank Inc. |  |  | 831,737 |  |  |  | — |  |  |  | 29,010 |  |  |  | (7,991 | ) |  |  | 852,756 |
HD Hyundai Robotics Co., Ltd. (formerly 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 |  |  | 189,810 |  |  |  | 100,040 |  |  |  | (24,688 | ) |  |  | (56,078 | ) |  |  | 209,084 |
|  | ￦ | 1,288,429 |  |  | ￦ | 255,041 |  |  | ￦ | (16,821 | ) |  | ￦ | (45,927 | ) |  | ￦ | 1,480,722 |
|  | 2023 |
(in millions of Korean won) |  | Beginning |  |  | Acquisition (Disposal) |  |  | Share of net profit (loss) from associates and joint ventures 1 |  |  | Others |  |  | Ending |
KIF Investment Fund |  | ￦ | 170,979 |  |  | ￦ | — |  |  | ￦ | 5,443 |  |  | ￦ | 632 |  |  | ￦ | 177,054 |
K Bank Inc. |  |  | 852,756 |  |  |  | — |  |  |  | 1,089 |  |  |  | 19,036 |  |  |  | 872,881 |
HD Hyundai Robotics Co., Ltd. (formerly Hyundai Robotics Co., Ltd.) |  |  | 49,372 |  |  |  | — |  |  |  | (1,637 | ) |  |  | (1 | ) |  |  | 47,734 |
Megazone Cloud Corporation |  |  | 136,199 |  |  |  | — |  |  |  | (4,583 | ) |  |  | 78 |  |  |  | 131,694 |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 23,589 |  |  |  | — |  |  |  | (105 | ) |  |  | — |  |  |  | 23,484 |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 22,123 |  |  |  | (500 | ) |  |  | 3,494 |  |  |  | — |  |  |  | 25,117 |
IGIS Professional Investors Private Investment Real Estate Investment LLC No 395 |  |  | 16,620 |  |  |  | — |  |  |  | (4,678 | ) |  |  | — |  |  |  | 11,942 |
LS Marine Solution Co., Ltd (formerly KT Submarine Co., Ltd.) |  |  | — |  |  |  | — |  |  |  | 255 |  |  |  | 23,237 | 1 |  |  | 23,492 |
Others |  |  | 209,084 |  |  |  | 101,887 |  |  |  | (34,912 | ) |  |  | (32,568 | ) |  |  | 243,491 |
|  | ￦ | 1,480,722 |  |  | ￦ | 101,387 |  |  | ￦ | (35,634 | ) |  | ￦ | 10,414 |  |  | ￦ | 1,556,889 |
1 | The amount represents the fair value of investment at the time the Company lost control (Refer to note above).
Summary of Financial Information of Associates and Joint Ventures | (3) Summarized financial information of associates and joint ventures as at and for the years ended December 31, 2022 and 2023, is as follows:
(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 |
HD Hyundai Robotics Co., Ltd. (formerly 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 |  |  |  | — |
(in millions of Korean won) |  | December 31, 2023 |
|  | Current assets |  |  | Non-current assets |  |  | Current liabilities |  |  | Non-current liabilities |
KIF Investment Fund |  | ￦ | 128,344 |  |  | ￦ | 402,819 |  |  | ￦ | — |  |  | ￦ | — |
K Bank Inc. |  |  | 21,320,790 |  |  |  | 89,812 |  |  |  | 19,541,076 |  |  |  | 4,516 |
HD Hyundai Robotics Co., Ltd. (formerly Hyundai Robotics Co., Ltd.) |  |  | 251,868 |  |  |  | 134,424 |  |  |  | 106,557 |  |  |  | 9,775 |
Megazone Cloud Corporation |  |  | 874,778 |  |  |  | 267,605 |  |  |  | 341,679 |  |  |  | 205,087 |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 2,985 |  |  |  | 49,631 |  |  |  | 11 |  |  |  | — |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 482 |  |  |  | 87,528 |  |  |  | 101 |  |  |  | — |
IGIS Professional Investors Private Investment Real Estate Investment LLC No 395 |  |  | 5,690 |  |  |  | 145,769 |  |  |  | 107,553 |  |  |  | — |
LS Marine Solution Co., Ltd. (formerly KT Submarine Co., Ltd.) |  |  | 66,767 |  |  |  | 80,307 |  |  |  | 23,906 |  |  |  | 207 |
(in 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 |  |  |  | — |
HD Hyundai Robotics Co., Ltd. (formerly 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 | ) |  |  | — |
(in millions of Korean won) |  | 2023 |
|  | Operating revenue |  |  | Profit (loss) for the year |  |  | Other comprehensive income (loss) |  |  | Total comprehensive income (loss) |  |  | Dividends received from associates |
KIF Investment Fund |  | ￦ | 33,017 |  |  | ￦ | 16,330 |  |  | ￦ | — |  |  | ￦ | 16,330 |  |  | ￦ | 1,139 |
K Bank Inc. |  |  | 946,559 |  |  |  | 10,560 |  |  |  | 56,609 |  |  |  | 67,169 |  |  |  | — |
HD Hyundai Robotics Co., Ltd. (formerly Hyundai Robotics Co., Ltd.). |  |  | 167,949 |  |  |  | (17,513 | ) |  |  | (1,093 | ) |  |  | (18,606 | ) |  |  | — |
Megazone Cloud Corporation |  |  | 1,410,078 |  |  |  | (34,760 | ) |  |  | (3,021 | ) |  |  | (37,781 | ) |  |  | — |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 6 |  |  |  | (234 | ) |  |  | — |  |  |  | (234 | ) |  |  | — |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 19,849 |  |  |  | 12,227 |  |  |  | — |  |  |  | 12,227 |  |  |  | — |
IGIS Professional Investors Private Investment Real Estate Investment LLC No 395 |  |  | — |  |  |  | (406 | ) |  |  | — |  |  |  | (406 | ) |  |  | — |
LS Marine Solution Co., Ltd (formerly KT Submarine Co., Ltd.) |  |  | 70,779 |  |  |  | 11,618 |  |  |  | (289 | ) |  |  | 11,329 |  |  |  | — |
Summary of Reconciliation of Carrying Amount of Interests in the Associates and Joint Ventures | (4) Details of a reconciliation of the summarized financial information to the carrying amount of interests in the associates and joint ventures as at and for the years ended December 31, 2022 and 2023, are as follows:
(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 |
HD Hyundai Robotics Co., Ltd. (formerly 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 |
(in millions of Korean won) |  | 2023 |
|  | 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 |  | ￦ | 531,164 |  |  |  | 33.33 | % |  | ￦ | 177,054 |  |  | ￦ | — |  |  | ￦ | 177,054 |
K Bank Inc. |  |  | 1,865,010 |  |  |  | 33.72 | % |  |  | 628,910 |  |  |  | 243,971 |  |  |  | 872,881 |
HD Hyundai Robotics Co., Ltd. (formerly Hyundai Robotics Co., Ltd.) |  |  | 269,960 |  |  |  | 10.00 | % |  |  | 26,996 |  |  |  | 20,738 |  |  |  | 47,734 |
Megazone Cloud Corporation |  |  | 547,786 |  |  |  | 6.83 | % |  |  | 37,404 |  |  |  | 94,290 |  |  |  | 131,694 |
IGIS No. 468-1 General Private Real Estate Investment Company |  |  | 52,605 |  |  |  | 44.64 | % |  |  | 23,484 |  |  |  | — |  |  |  | 23,484 |
KT-DSC Creative Economy Youth Start-up Investment Fund |  |  | 87,908 |  |  |  | 28.57 | % |  |  | 25,117 |  |  |  | — |  |  |  | 25,117 |
IGIS Professional Investors Private Investment Real Estate Investment LLC No 395 |  |  | 43,905 |  |  |  | 35.29 | % |  |  | 15,496 |  |  |  | (3,554 | ) |  |  | 11,942 |
LS Marine Solution Co., Ltd (formerly KT Submarine Co., Ltd.) |  |  | 122,961 |  |  |  | 7.30 | % |  |  | 8,972 |  |  |  | 14,520 |  |  |  | 23,492 |

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