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Investments in Associates and Joint Ventures (Tables)

12 Months Ended

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 Corporation1			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 ventures1				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

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.

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