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Financial Instruments by Category | 12 Months Ended
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Dec. 31, 2023
Text block [abstract] |
Financial Instruments by Category |
4. | Financial Instruments by Category
(1) Financial instruments by category as o f December 31, 2022 and 2023, are as follows:
(in millions of Korean won) |  | December 31, 2022 |
Financial assets |  | Financial assets at amortized cost |  |  | Financial assets at fair value through profit or loss |  |  | Financial assets at fair value through other comprehensive income |  |  | Derivatives used for hedging |  |  | Total |
Cash and cash equivalents |  | ￦ | 2,449,062 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 2,449,062 |
Trade and other receivables |  |  | 7,459,994 |  |  |  | — |  |  |  | 129,124 |  |  |  | — |  |  |  | 7,589,118 |
Other financial assets |  |  | 1,060,058 |  |  |  | 1,064,856 |  |  |  | 1,508,192 |  |  |  | 190,830 |  |  |  | 3,823,936 |
(in millions of Korean won) |  | December 31, 2022 |
Financial liabilities |  | Financial liabilities at amortized cost |  |  | Financial liabilities at fair value through profit and loss |  |  | Derivatives used for hedging |  |  | Others |  |  | Total |
Trade and other payables 1 |  | ￦ | 8,397,264 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 8,397,264 |
Borrowings |  |  | 10,006,685 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,006,685 |
Other financial liabilities |  |  | 246,606 |  |  |  | 141,280 |  |  |  | 33,555 |  |  |  | — |  |  |  | 421,441 |
Lease liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,172,038 |  |  |  | 1,172,038 |
1 | Amounts related to employee benefit plans are included in Trade and other payables.
(in millions of Korean won) |  | December 31, 2023 |
Financial assets |  | Financial assets at amortized cost |  |  | Financial assets at fair value through profit or loss |  |  | Financial assets at fair value through other comprehensive income |  |  | Derivatives used for hedging |  |  | Total |
Cash and cash equivalents |  | ￦ | 2,879,554 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 2,879,554 |
Trade and other receivables |  |  | 8,458,259 |  |  |  | — |  |  |  | 116,198 |  |  |  | — |  |  |  | 8,574,457 |
Other financial assets |  |  | 1,385,921 |  |  |  | 939,661 |  |  |  | 1,680,168 |  |  |  | 159,211 |  |  |  | 4,164,961 |
(in millions of Korean won) |  | December 31, 2023 |
Financial liabilities |  | Financial liabilities at amortized cost |  |  | Financial liabilities at fair value through profit and loss |  |  | Derivatives used for hedging |  |  | Others |  |  | Total |
Trade and other payables |  | ￦ | 8,317,822 |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | — |  |  | ￦ | 8,317,822 |
Borrowings |  |  | 10,218,165 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,218,165 |
Other financial liabilities |  |  | 915,185 |  |  |  | 136,106 |  |  |  | 24,547 |  |  |  | — |  |  |  | 1,075,838 |
Lease liabilities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,179,909 |  |  |  | 1,179,909 |
(2) Gains or l o sses arising from financial instruments by category for the years ended December 31, 2021, 2022 and 2023, are as follows:
(in millions of Korean won) |  | 2021 |  |  | 2022 |  |  | 2023 |
Financial assets at amortized cost |  |  |  |  |  |  |  |  |  |  |  |
Interest income 1 |  | ￦ | 74,937 |  |  | ￦ | 144,505 |  |  | ￦ | 360,134 |
Gain on foreign currency transactions 4 |  |  | 12,826 |  |  |  | 23,824 |  |  |  | 22,782 |
Gain (loss) on foreign currency translation |  |  | 2,911 |  |  |  | (2,151 | ) |  |  | 5,741 |
Gain (loss) on disposal |  |  | 35 |  |  |  | (81 | ) |  |  | (3,409 | )
Loss on valuation |  |  | (110,286 | ) |  |  | (132,102 | ) |  |  | (172,966 | )
Financial assets at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Interest income 1 |  |  | 3,673 |  |  |  | 6,008 |  |  |  | 13,480 |
Dividend income 5 |  |  | 21,499 |  |  |  | 4,600 |  |  |  | 6,918 |
Gain (loss) on valuation 6 |  |  | 64,659 |  |  |  | (29,282 | ) |  |  | (31,965 | )
Gain on disposal |  |  | 29,974 |  |  |  | 2,347 |  |  |  | 14,237 |
Gain on foreign currency transactions 4 |  |  | — |  |  |  | 1,100 |  |  |  | — |
Gain on foreign currency translation |  |  | 17,794 |  |  |  | 13,711 |  |  |  | 3,396 |
Financial assets at fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |
Interest income 1 |  |  | 222,290 |  |  |  | 190,281 |  |  |  | 18,966 |
Dividend income 5 |  |  | 1,365 |  |  |  | 9,522 |  |  |  | 52,813 |
Loss on valuation |  |  | — |  |  |  | (61 | ) |  |  | — |
Loss on disposal |  |  | (22,712 | ) |  |  | (62,183 | ) |  |  | (11,193 | )
Other comprehensive income (loss) for the year 2 |  |  | 129,780 |  |  |  | (158,574 | ) |  |  | 121,805 |
Derivatives used for hedging |  |  |  |  |  |  |  |  |  |  |  |
Gain on transactions |  |  | — |  |  |  | 27,628 |  |  |  | 10,192 |
Gain on valuation 7 |  |  | 203,961 |  |  |  | 150,699 |  |  |  | 34,092 |
Other comprehensive income for the year 2 |  |  | 144,967 |  |  |  | 88,048 |  |  |  | 7,772 |
(in millions of Korean won) |  | 2021 |  |  | 2022 |  |  | 2023 |
Reclassified to profit or loss from other comprehensive gain (loss) for the year 2,3 |  |  | (143,305 | ) |  |  | (110,616 | ) |  |  | (29,178 | )
Financial liabilities at amortized cost |  |  |  |  |  |  |  |  |  |  |  |
Interest expense 1 |  |  | (232,197 | ) |  |  | (275,302 | ) |  |  | (358,486 | )
Gain on valuation 8 |  |  | — |  |  |  | — |  |  |  | 3,411 |
Loss on foreign currency transactions 4 |  |  | (3,580 | ) |  |  | (34,574 | ) |  |  | (24,054 | )
Loss on foreign currency translation |  |  | (201,623 | ) |  |  | (168,577 | ) |  |  | (93,004 | )
Financial liabilities at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on valuation |  |  | 42,447 |  |  |  | 30,031 |  |  |  | (7,394 | )
Gain on disposal Interest expense 1 |  |  | 2,136 — |  |  |  | — (4,046 | ) |  |  | 4,788 (44 | )
Gain (loss) on foreign currency transactions 4 |  |  | (2 | ) |  |  | 24 |  |  |  | (5 | )
Derivatives used for hedging |  |  |  |  |  |  |  |  |  |  |  |
Loss on transactions |  |  | (6,208 | ) |  |  | (1,291 | ) |  |  | — |
Gain (loss) on valuation |  |  | (7,206 | ) |  |  | (17,237 | ) |  |  | 11,503 |
Other comprehensive income (loss) for the year 2 |  |  | (3,112 | ) |  |  | (23,957 | ) |  |  | 7,557 |
Reclassified to profit or loss from other comprehensive income for the year 2,3 |  |  | 6,722 |  |  |  | 15,195 |  |  |  | (8,764 | )
Lease liabilities |  |  |  |  |  |  |  |  |  |  |  |
Interest expense 1 |  |  | (36,650 | ) |  |  | (41,469 | ) |  |  | (52,035 | )
Total |  | ￦ | 215,095 |  |  | ￦ | (353,980 | ) |  | ￦ | (92,910 | )
1 | BC Card Co., Ltd., etc., subsidiaries of the Group, recognized interest income and expenses as operating revenue and expenses, respectively. Related interest income recognized as operating revenue is ￦ 112,973 million (2021: ￦ 27,440 million, 2022: ￦ 68,869 million) and related interest expense recognized as operating expense is ￦ 55,677 million (2021: ￦ 5,458 million, 2022: ￦ 27,060 million) for the year ended December 31, 2023.
2 | The amounts directly reflected in equity after adjustments of deferred income tax.
3 | During the years ended December 31, 2022 and 2023, certain derivatives of the Group were settled and the related gain or loss on valuation of cash flow hedge in other comprehensive income was reclassified to profit or loss for the year.
4 | BC Card Co., Ltd., a subsidiary of the Group, recognized foreign currency transaction gain and loss and as operating revenue and expense. In relation to this, foreign currency transaction gain and loss recognized as operating revenue and expense amount to foreign exchange gain ￦ 5,597 million (2021 foreign exchange gain and loss: ￦ 2,373, 2022 foreign exchange gain and loss: ￦ 3,569 million), respectively, for the year ended December 31, 2023.
5 | BC Card Co., Ltd., a subsidiary of the Group, recognized dividend income as operating revenue. Related dividend income recognized as operating revenue is ￦ 1,759 million (2021: ￦ 1,340 million, 2022: ￦ 2,299 million) for the year ended December 31, 2023.
6 | KT Investment Co., Ltd., etc., subsidiaries of the Group, recognized gain and loss on valuation of financial instruments measured at fair value through profit or loss as operating income and expenses. In relation to this, valuation gain and loss recognized as operating revenue and expense amount to valuation loss ￦ 11,112 million (2021 valuation loss: ￦ 15,459 million, 2022 valuation loss: ￦ 7,860 million), for the year ended December 31, 2023.
7 | BC Card Co., Ltd., a subsidiary of the Group, recognized gain and loss on valuation of derivatives as operating income and expenses. Related valuation gain recognized as operating revenue and expense is ￦ 48 million (2022 valuation loss: ￦ 418 million), for the year ended December 31, 2023.
8 | KT Cloud Co., Ltd., a subsidiary of the Group, recognized gain on valuation as convertible preferred stock of ￦ 311,312 million for the year ended December 31, 2023.

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