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v3.25.1

Other Financial Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Text block Explanatory [Abstract] |
Summary of Other Financial Assets and Liabilities |
| (1) | Details of other financial assets and liabilities as of December 31, 2023 and 2024, are as follows:
(In millions of Korean won) |  | December 31, 2023 |  |  | December 31, 2024 |
Other financial assets |  |  |  |  |  |  |  |
Financial assets at amortized cost 1 |  | ￦ | 1,385,921 |  |  |  | 962,653 |
Financial assets at fair value through profits of loss 1,2 |  |  | 939,661 |  |  |  | 1,029,926 |
Financial assets at fair value through other comprehensive income |  |  | 1,680,168 |  |  |  | 1,665,368 |
Derivatives used for hedging |  |  | 159,211 |  |  |  | 445,471 |
Less: Non-current |  |  | (2,724,761 | ) |  |  | (2,759,170 | )
Current |  | ￦ | 1,440,200 |  |  |  | 1,344,248 |
Other financial liabilities |  |  |  |  |  |  |  |
Financial liabilities at amortized cost 3,4 |  | ￦ | 915,185 |  |  |  | 942,135 |
Financial liabilities at fair value through profits or loss |  |  | 136,106 |  |  |  | 132,011 |
Derivatives used for hedging |  |  | 24,547 |  |  |  | 3 |
Less: Non-current |  |  | (753,739 | ) |  |  | (722,517 | )
Current |  | ￦ | 322,099 |  |  |  | 351,632 |
1 | As of December 31, 2024, the Group’s financial instruments amount to ￦ 97,913 million (December 31, 2023: ￦ 98,309 million) and consist of checking account deposits, time deposits, and others which are subject to withdrawal restrictions.
2 | As of December 31, 2024, the Group provided investments in Korea Software Financial Cooperative and others amounting to ￦ 10,511 million (December 31, 2023: ￦ 9,016 million) as a collateral in exchange for the payment guarantee provided by the Korea Software Financial Cooperative and others.
3 | The amount includes liabilities related to the obligation to acquire additional shares in Epsilon Global Communications Pte. Ltd. and kt Cloud Co., Ltd. (Note 19).
4 | The amount includes liabilities convertible preferred Stock issued by kt Cloud Co., Ltd. (Note 19).
Summary of Financial Assets at Fair Value Through Profit or Loss |
| 1) | Details of financial assets at fair value through profit or loss as of December 31, 2023 and 2024, are as follows:
(In millions of Korean won) |  | December 31, 2023 |  |  | December 31, 2024 |
Equity instruments (Listed) |  | ￦ | 13,911 |  |  |  | 5,620 |
Equity instruments (Unlisted) |  |  | 42,185 |  |  |  | 47,227 |
Debt instruments |  |  | 880,549 |  |  |  | 971,805 |
Derivatives held for trading |  |  | 3,016 |  |  |  | 5,274 |
Total |  |  | 939,661 |  |  |  | 1,029,926 |
Less: Non-current |  |  | (782,143 | ) |  |  | (826,708 | )
Current |  | ￦ | 157,518 |  |  |  | 203,218 |
Summary of Financial Assets at Fair Value Through Other Comprehensive Income | 1) Details of financial assets at fair value through other comprehensive income as of December 31, 2023 and 2024, are as follows:
(In millions of Korean won) |  | December 31, 2023 |  |  | December 31, 2024 |
Equity instruments (Listed) |  | ￦ | 1,231,188 |  |  |  | 1,317,458 |
Equity instruments (Unlisted) |  |  | 443,067 |  |  |  | 341,753 |
Debt instruments |  |  | 5,913 |  |  |  | 6,157 |
Total |  |  | 1,680,168 |  |  |  | 1,665,368 |
Less: Non-current |  |  | (1,680,168 | ) |  |  | (1,665,368 | )
Current |  | ￦ | — |  |  |  | — |
Summary of Derivative Financial Assets and Liabilities | 1) Details of valuation of derivatives used for hedging as of December 31, 2023 and 2024, are as follows:
|  | December 31, 2023 |  |  | December 31, 2024 |
(In millions of Korean won) |  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
Interest rate swap |  | ￦ | 1,530 |  |  |  | 191 |  |  |  | 352 |  |  |  | 3 |
Currency swap 1 |  |  | 157,681 |  |  |  | 24,356 |  |  |  | 445,119 |  |  |  | — |
Total |  |  | 159,211 |  |  |  | 24,547 |  |  |  | 445,471 |  |  |  | 3 |
Less: Non-current |  |  | (107,802 | ) |  |  | (23,696 | ) |  |  | (261,719 | ) |  |  | — |
Current |  | ￦ | 51,409 |  |  |  | 851 |  |  |  | 183,752 |  |  |  | 3 |
1 | The currency swap contract is to hedge the risk of variability in cash flow from the borrowings due to changes in interest rate and foreign exchange rate and the expected maximum period for the Group to be exposed to risks of cash flow fluctuation by hedged items is until September 7, 2034.
Summary of Valuation Gains and Losses on Derivatives Contracts | 2) Details of valuation gains and losses on the derivative instruments for the years ended December 31, 2022, 2023 and 2024, are as follows:
(in millions of Korean won) |  | 2022 |  |  | 2023 |  |  | 2024 |
Type of Transaction |  | Valuation gain |  |  | Valuation loss |  |  | Other comprehensive income1 |  |  | Valuation gain |  |  | Valuation loss |  |  | Other comprehensive income1 |  |  | Valuation gain |  |  | Valuation Loss |  |  | Other comprehensive income1 |
Interest rate swap |  | ￦ | 63 |  |  | ￦ | 490 |  |  | ￦ | 4,666 |  |  | ￦ | 48 |  |  | ￦ | — |  |  | ￦ | (2,945 | ) |  | ￦ | 76 |  |  | ￦ | — |  |  | ￦ | (1,044 | )
Currency swap |  |  | 154,611 |  |  |  | 20,723 |  |  |  | 79,781 |  |  |  | 45,709 |  |  |  | 162 |  |  |  | (27,273 | ) |  |  | 374,898 |  |  |  | 3,793 |  |  |  | (16,773 | )
Currency forwards |  |  | — |  |  |  | — |  |  |  | 754 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | ￦ | 154,674 |  |  | ￦ | 21,213 |  |  | ￦ | 85,201 |  |  | ￦ | 45,757 |  |  | ￦ | 162 |  |  | ￦ | (30,218 | ) |  | ￦ | 374,974 |  |  | ￦ | 3,793 |  |  | ￦ | (17,817 | )
1 | The amounts are before adjustments for deferred income tax and allocations to non-controlling interests and have been directly reflected in equity.
Summary of Hedging instruments | (i) Hedging instruments
(in millions of Korean won and thousands of foreign currencies) |  | 2023 |
|  |  |  |  |  |  | Book value of hedging instruments |  |  | Changes in fair value to calculate the ineffective portion of hedges |
Currency |  | Foreign currency |  |  | Contract amount |  |  | Assets |  |  | Liabilities |
USD |  |  | 2,011,509 |  |  | ￦ | 2,417,473 |  |  |  | 157,681 |  |  |  | 23,465 |  |  |  | 44,413 |
JPY |  |  | 400,000 |  |  |  | 4,357 |  |  |  | — |  |  |  | 660 |  |  |  | (162 | )
EUR |  |  | 7,700 |  |  |  | 10,283 |  |  |  | — |  |  |  | 231 |  |  |  | 381 |
KRW |  |  | — |  |  |  | 240,000 |  |  |  | 1,530 |  |  |  | 191 |  |  |  | 707 |
Total |  |  |  |  |  | ￦ | 2,672,113 |  |  |  | 159,211 |  |  |  | 24,547 |  |  |  | 45,339 |
(in millions of Korean won and thousands of foreign currencies) |  | 2024 |
|  |  |  | Book value of hedging instruments |  |  | Changes in fair value to calculate the ineffective portion of hedges |
Currency |  | Foreign currency |  |  | Contract amount |  |  | Assets |  |  | Liabilities |
USD |  |  | 2,150,937 |  |  | ￦ | 2,658,775 |  |  |  | 444,786 |  |  |  | — |  |  |  | 362,588 |
EUR |  |  | 6,900 |  |  |  | 10,166 |  |  |  | 333 |  |  |  | — |  |  |  | 548 |
KRW |  |  | — |  |  |  | 120,000 |  |  |  | 352 |  |  |  | 3 |  |  |  | 842 |
Total |  |  |  |  |  | ￦ | 2,788,941 |  |  |  | 445,471 |  |  |  | 3 |  |  |  | 363,978 |
Summary of Hedged items | (ii) Hedged item
(in millions of Korean won) |  | 2023 |  |  | 2024 |
Currency |  | Book value of hedged items |  |  | Changes in fair value to calculate the ineffective portion of hedges |  |  | Cash flow hedge reserves 1 |  |  | Book value of hedged items |  |  | Changes in fair value to calculate the ineffective portion of hedges |  |  | Cash flow hedge reserves 1 |
USD |  | ￦ | 2,593,707 |  |  |  | (44,365 | ) |  |  | (30,415 | ) |  |  | 3,160,554 |  |  |  | (358,087 | ) |  |  | (42,425 | )
JPY |  |  | 3,651 |  |  |  | 162 |  |  |  | 49 |  |  |  | — |  |  |  | — |  |  |  | — |
EUR |  |  | 10,985 |  |  |  | (581 | ) |  |  | 158 |  |  |  | 10,548 |  |  |  | (437 | ) |  |  | (228 | )
KRW |  |  | 239,944 |  |  |  | (596 | ) |  |  | 1,315 |  |  |  | 189,967 |  |  |  | (674 | ) |  |  | 513 |
Total |  | ￦ | 2,848,287 |  |  |  | (45,380 | ) |  |  | (28,893 | ) |  |  | 3,361,069 |  |  |  | (359,198 | ) |  |  | (42,140 | )
1 | The amount is after the deferred tax directly added or subtracted to the capital is reflected.
Summary of Financial Liabilities at Fair Value Through Profit or Loss | 1) Details of financial liabilities at fair value through profit or loss as of December 31, 2023 and 2024, are as follows:
(in millions of Korean won) |  | December 31, 2023 |  |  | December 31, 2024 |
Derivatives held for trading 1 , 2 |  | ￦ | 136,106 |  |  |  | 132,011 |
1 | In relation to the additional acquisition of shares of the equity method investee K Bank Inc in 2021, the Group has entered into a shareholder agreement with the shareholders of K Bank Inc. According to the shareholder agreement, if K Bank Inc fails to be listed on the terms agreed in the shareholder agreement, the shareholders of K Bank Inc may exercise their Drag-Along right to the Group and require the Group to sell all the shares owned by such shareholders in K Bank to third parties based on the guaranteed return agreed in the shareholder agreement. The shareholder agreement also includes a call option where, if the shareholders exercise their Drag-Along rights, the Group has an option to purchase the shares held by those shareholders. As of December 31, 2024, the derivative financial liability in accordance with IFRS 9 associated with the rights prescribed in the shareholders agreement was ￦ 131,630 million ( ￦ 133,293 million as of December 31 2023).
2 | The amount includes derivatives separated from convertible bonds issued by the Group (Note 15).
Summary of Valuation Gain and Loss on Financial Liabilities at Fair Value Through Profit or Loss | 2) The valuation gain and loss on financial liabilities at fair value through profit or loss for the years ended December 31, 2022, 2023 and 2024, are as follows:
(in millions of Korean won) |  | 2022 |  |  | 2023 |  |  | 2024 |
|  | Valuation gain |  |  | Valuation loss |  |  | Valuation gain |  |  | Valuation loss |  |  | Valuation gain |  |  | Valuation loss |
Derivatives liabilities held for trading |  |  | 24,683 |  |  |  | 1,800 |  |  |  | 3,316 |  |  |  | 10,710 |  |  |  | 2,550 |  |  |  | 5,772 |

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