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Financial Risk Management (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]  
Schedule of Company's Debt to Equity Ratio The debt ratios as of December 31, 2023 and 2022 are as follows:
20232022
(In millions of Korean won)
Total liabilities114,453 113,914 
Total equity463,728 330,180 
Debt ratio25 %35 %
Schedule of Financial Assets and Liabilities Exposed in Foreign Currency Risk The Group’s financial assets and liabilities are exposed to foreign currency risk as of December 31, 2023 and 2022 are as follows:
December 31, 2023
Assets in foreign currencyLiabilities in foreign currencyAssets in Korean WonLiabilities in Korean Won
(Individual amounts in each foreign currency)(In millions of Korean won)
USD86,681,440 28,203,218 111,616 36,344 
JPY343,984,702 160,779,008 3,139 1,467 
EUR36,780 30,472 52 43 
IDR12,955,000 3,103,944 — 
THB28,510 7,379 — 
VND9,270,000 3,243,600 — — 
HKD144,997 — 24 — 
Total114,833 37,854 
December 31, 2022
Assets in foreign currencyLiabilities in foreign currencyAssets in Korean WonLiabilities in Korean Won
(Individual amounts in each foreign currency)(In millions of Korean won)
USD50,865,141 8,528,692 64,351 10,832 
JPY517,431,793 55,296,530 4,932 527 
EUR25,839 37,607 35 51 
IDR12,955,000 703,608,946 57 
THB28,510 7,379 — 
VND9,270,000 3,243,600 — — 
Total69,320 11,467 
Summary of Impact of Fluctuation in Foreign Currency Exchange Rates on Group's Profit Before Income Tax The impact of a
10% fluctuation in foreign currency exchange rates on the Group’s profit before income tax for the years ended December 31, 2023 and 2022 are as follows:
December 31, 2023December 31, 2022
Increased by 10%Decreased by 10%Increased by 10%Decreased by 10%
(In millions of Korean won)
USD7,527 (7,527)5,352 (5,352)
JPY167 (167)440 (440)
Others(4)(7)
Total7,698 (7,698)5,785 (5,785)
Summary of Maximum Exposure to Credit Risk
The carrying amount of a financial asset represents the maximum exposure to credit risk. The maximum exposure to credit risk of the Group as of December 31, 2023 and 2022 are as follows.
December 31,
2023
December 31,
2022
(In millions of Korean won)
Cash and cash equivalents184,082 169,877 
Short-term financial instruments277,215 167,000 
Accounts receivable, net71,213 77,257 
Other receivables, net12 
Other current financial assets4,439 3,370 
Other non-current financial assets1,824 2,176 
Total538,780 419,692 
Summary of Financial Liabilities by Maturity The following table summarizes the financial liabilities of the Group by maturity according to the remaining period from the end of the reporting period to the contractual maturity date.
December 31, 2023
Carrying
value
Less than
3 months
3 months ~
1 year
1~2 years2~3 years3~5 yearsTotal
(In millions of Korean won)
Accounts payable58,292 57,430 185 677 — — 58,292 
Accrued expense395 395 — — — — 395 
Other liabilities (*)6,562 1,081 3,259 1,902 476 — 6,718 
Total65,249 58,906 3,444 2,579 476 — 65,405 
(*)Other liabilities as of December 31, 2023 consist of lease liabilities.
December 31, 2022
Carrying
value
Less than
3 months
3 months ~
1 year
1~2 years2~3 years3~5 yearsTotal
(In millions of Korean won)
Accounts payable70,544 69,803 367 374 — — 70,544 
Accrued expense429 429 — — — — 429 
Other liabilities (*)5,963 1,016 2,023 2,476 617 — 6,132 
Total76,936 71,248 2,390 2,850 617 — 77,105 
(*)Other liabilities as of December 31, 2022 consist of lease liabilities.