Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Summary Of Major Commitments With Local Financial Institutions

(1)

As of December 31, 2023, 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		374,000		—
Inter-Korean Cooperation Fund	Export-Import Bank of Korea		37,700		1,480
Economic Cooperation Business Insurance	Export-Import Bank of Korea		3,240		1,732
Collateralized loan on electronic accounts receivable-trade	Kookmin Bank and others		545,350		42,822
Plus electronic notes payable	Industrial Bank of Korea		50,000		885
Working capital loan	Korea Development Bank and others		1,562,800		142,700
	Shinhan Bank		USD 76,509		USD 76,509
	Woori Bank		EUR 7,700		EUR 7,700
Facility loans	Shinhan Bank and others		924,000		429,924
Derivatives transaction limit	Korea Development Bank and others		USD 1,970,000		USD 1,970,000
Citi Bank			JPY 400,000		JPY 400,000
Total	KRW		3,497,090		619,543
	USD		2,046,509		2,046,509
	EUR		7,700		7,700
	JPY		400,000		400,000

Summary of Guarantees Received from Financial Institutions

(2)

As of December 31, 2023, 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 59
	Comprehensive credit line and others		USD 10,300
Kookmin Bank	Guarantee for payment in foreign currency		USD 3,186
Shinhan Bank	Guarantee for payment in Korean currency and others		USD 94,517
	Guarantee for payment in foreign currency and others		VND 211,262
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 6,811
HSBC	Guarantees for depositions		USD 816
Seoul Guarantee Insurance Company	Performance guarantee and others		366,395
Korea Software Financial Cooperative	Performance guarantee and others		1,556,979
Korea Specialty Contractor Financial Cooperative	Performance guarantee and others		135
Korea Housing Finance Corporation	Performance guarantee and others		44,000


(in millions of Korean won and foreign currencies in thousands)	Financial institution	Limit
Korea Housing & Urban Guarantee Corporation 1	Performance guarantee and others		691,530
Information & Communication Financial Cooperative	Performance guarantee and others		78,183

Total	KRW		2,749,522
	USD		122,689
	VND		211,262

Inventory assets(

￦

278,031

million) and investment properties(

￦

283,688

million) are provided as collateral with commitment respectively, as of December 31, 2023.

Summary Of Guarantees Provided By The Group For Third Party

(3)

As of December 31, 2023, 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 Estate Inc

Wonju Bando U-bora Mark Bridge Buyer

Hana Bank

103,000

55,314

Aug. 5, 2022
~ Feb. 28, 2025

KT Engineering Co., Ltd.

Gasan Solar Power Plant Inc.

Shinhan Bank

4,700

364

Jan. 7, 2010
~ Jan. 8, 2025

KT Engineering Co., Ltd.

Korea Cell Inc.

Suhyup Bank

3,250

Feb. 17, 2014
~ Feb. 16, 2024

KT Engineering Co., Ltd.

San-Ya Agricultural

Association Corporation

Suhyup Bank

3,250

Feb. 17, 2014
~ Feb. 16, 2024

KT Alpha Co., Ltd.

Cash payers

T-commerce

cash payers

821

—

Apr. 14, 2023
~ Apr. 12, 2024

Nasmedia Co., Ltd.

Stockholders Association Members

Korea
Securities
Finance Corp

1,104

610

—

KT Engineering Co., Ltd., a subsidiary of the Group, is subject to payment, depending on the reimbursement of principal debtor.