Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2019shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | SK TELECOM CO LTD |
Entity Central Index Key | 0001015650 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Entity Common Stock, Shares Outstanding | 73,136,448 |
Entity File Number | 1-14418 |
Entity Voluntary Filers | No |
Entity Interactive Data Current | Yes |
Entity Address, Country | KR |
Entity Address, Address Line One | 65, Eulji-ro, Jung-gu, Seoul |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
ADS [Member] | |
Document Information [Line Items] | |
Trading Symbol | SKM |
Title of 12(b) Security | American Depositary Shares |
Security Exchange Name | NYSE |
Common Stock [Member] | |
Document Information [Line Items] | |
Trading Symbol | SKM |
Title of 12(b) Security | Common Stock |
Security Exchange Name | NYSE |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Current Assets: | ||
Cash and cash equivalents | ₩ 1,270,824 | ₩ 1,506,699 |
Short-term financial instruments | 830,647 | 1,045,676 |
Short-term investment securities | 166,666 | 195,080 |
Accounts receivable - trade, net | 2,230,979 | 2,008,640 |
Short-term loans, net | 66,123 | 59,094 |
Accounts receivable - other, net | 905,436 | 937,837 |
Prepaid expenses | 2,030,550 | 1,768,343 |
Contract assets | 127,499 | 90,072 |
Inventories, net | 162,882 | 288,053 |
Derivative financial assets | 26,253 | 13 |
Prepaid income taxes | 63,748 | 1,216 |
Advanced payments and others | 220,687 | 58,116 |
Total Current Assets | 8,102,294 | 7,958,839 |
Non-Current Assets: | ||
Long-term financial instruments | 990 | 1,221 |
Long-term investment securities | 857,215 | 664,726 |
Investments in associates and joint ventures | 13,385,264 | 12,811,771 |
Property and equipment, net | 12,334,280 | 10,718,354 |
Goodwill | 2,949,530 | 2,938,563 |
Intangible assets, net | 4,866,092 | 5,513,510 |
Long-term contract assets | 64,359 | 43,821 |
Long-term loans, net | 33,760 | 29,034 |
Long-term accounts receivable - other | 344,662 | 274,053 |
Long-term prepaid expenses | 1,241,429 | 895,272 |
Guarantee deposits | 164,734 | 313,140 |
Long-term derivative financial assets | 124,707 | 55,444 |
Defined benefit assets | 1,125 | 31,926 |
Deferred tax assets | 109,057 | 92,465 |
Other non-current assets | 32,122 | 26,972 |
Total Non-Current Assets | 36,509,326 | 34,410,272 |
Total Assets | 44,611,620 | 42,369,111 |
Current Liabilities: | ||
Short-term borrowings | 20,603 | 80,000 |
Current portion of long-term debt, net | 1,017,327 | 984,272 |
Current portion of long-term payables - other | 423,839 | 424,243 |
Lease liabilities | 304,247 | |
Accounts payable - trade | 438,297 | 381,302 |
Accounts payable - other | 2,521,474 | 1,913,813 |
Withholdings | 1,350,244 | 1,353,663 |
Accrued expenses | 1,425,251 | 1,299,217 |
Income tax payable | 5,450 | 182,343 |
Provisions | 89,446 | 87,993 |
Contract liabilities | 191,225 | 140,711 |
Other current liabilities | 319 | |
Total Current Liabilities | 7,787,722 | 6,847,557 |
Non-Current Liabilities: | ||
Debentures, excluding current portion, net | 7,253,894 | 6,572,211 |
Long-term borrowings, excluding current portion, net | 1,972,149 | 2,015,365 |
Long-term payables — other | 1,550,167 | 1,968,784 |
Long-term lease liabilities | 408,493 | |
Long-term contract liabilities | 32,231 | 43,102 |
Defined benefit liabilities | 172,258 | 141,529 |
Long-term derivative financial liabilities | 1,043 | 4,184 |
Long-term provisions | 53,783 | 99,215 |
Deferred tax liabilities | 2,466,295 | 2,269,792 |
Other non-current liabilities | 90,049 | 58,122 |
Total Non-Current Liabilities | 14,000,362 | 13,172,304 |
Total Liabilities | 21,788,084 | 20,019,861 |
Shareholders' Equity | ||
Share capital | 44,639 | 44,639 |
Capital surplus and others | 607,722 | 256,325 |
Hybrid bonds | 398,759 | 398,759 |
Retained earnings | 22,235,285 | 22,144,541 |
Reserves | (329,576) | (373,442) |
Equity attributable to owners of the Parent Company | 22,956,829 | 22,470,822 |
Non-controlling interests | (133,293) | (121,572) |
Total Shareholders' Equity | 22,823,536 | 22,349,250 |
Total Liabilities and Shareholders' Equity | ₩ 44,611,620 | ₩ 42,369,111 |
Consolidated Statements of Inco
Consolidated Statements of Income - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Operating revenue and other income: | |||
Revenue | ₩ 17,743,702 | ₩ 16,873,960 | ₩ 17,520,013 |
Other income | 103,230 | 71,950 | 31,997 |
Operating revenue and other income | 17,846,932 | 16,945,910 | 17,552,010 |
Operating expenses: | |||
Labor | 2,822,673 | 2,288,655 | 1,966,156 |
Commissions | 5,002,174 | 5,002,598 | 5,486,263 |
Depreciation and amortization | 3,771,486 | 3,126,118 | 3,097,466 |
Network interconnection | 752,334 | 808,403 | 875,045 |
Leased lines | 272,616 | 309,773 | 342,240 |
Advertising | 434,561 | 468,509 | 522,753 |
Rent | 231,934 | 529,453 | 520,244 |
Cost of goods sold | 1,833,362 | 1,796,146 | 1,886,524 |
Others | 1,724,899 | 1,782,404 | 1,630,747 |
Operating expenses | 16,846,039 | 16,112,059 | 16,327,438 |
Operating profit | 1,000,893 | 833,851 | 1,224,572 |
Finance income | 141,977 | 256,435 | 366,561 |
Finance costs | (429,758) | (385,232) | (433,616) |
Gain relating to investments in subsidiaries, associates and joint ventures, net | 449,543 | 3,270,912 | 2,245,732 |
Profit before income tax | 1,162,655 | 3,975,966 | 3,403,249 |
Income tax expense | 300,713 | 843,978 | 745,654 |
Profit for the year | 861,942 | 3,131,988 | 2,657,595 |
Attributable to : | |||
Owners of the Parent Company | 889,907 | 3,127,887 | 2,599,829 |
Non-controlling interests | ₩ (27,965) | ₩ 4,101 | ₩ 57,766 |
Earnings per share | |||
Basic and diluted earnings per share (in won) | ₩ 12,144 | ₩ 44,066 | ₩ 36,582 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Statement of comprehensive income [abstract] | |||
Profit for the year | ₩ 861,942 | ₩ 3,131,988 | ₩ 2,657,595 |
Items that will never be reclassified to profit or loss, net of taxes: | |||
Remeasurement of defined benefit liabilities | (72,605) | (41,490) | 5,921 |
Net change in other comprehensive income (loss) of investments in associates and joint ventures | (19,269) | (16,330) | 504 |
Valuation loss on financial assets at fair value through other comprehensive income | (17,943) | (130,035) | |
Items that are or may be reclassified subsequently to profit or loss, net of taxes: | |||
Net change in unrealized fair value of available-for-sale financial assets | 158,440 | ||
Net change in other comprehensive income (loss) of investments in associates and joint ventures | 75,763 | 1,753 | (141,512) |
Net change in unrealized fair value of derivatives | 40,681 | 32,227 | 22,586 |
Foreign currency translation differences for foreign operations | (5,618) | 12,291 | (46,952) |
Other comprehensive income(loss) for the year, net of taxes | 1,009 | (141,584) | (1,013) |
Total comprehensive income | 862,951 | 2,990,404 | 2,656,582 |
Total comprehensive income (loss) attributable to: | |||
Owners of the Parent Company | 892,260 | 3,000,503 | 2,597,160 |
Non-controlling interests | ₩ (29,309) | ₩ (10,099) | ₩ 59,422 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - KRW (₩) ₩ in Millions | Total | Share capital [member] | Capital surplus (deficit) and others [member] | Hybrid bonds [member] | Retained earnings [member] | Reserves [member] | Attributable to owners [member] | Non-controlling interests [member] |
Balance at Dec. 31, 2016 | ₩ 16,116,430 | ₩ 44,639 | ₩ (198,739) | ₩ 398,518 | ₩ 15,953,164 | ₩ (226,183) | ₩ 15,971,399 | ₩ 145,031 |
Total comprehensive income: | ||||||||
Profit for the year | 2,657,595 | 2,599,829 | 2,599,829 | 57,766 | ||||
Other comprehensive income (loss) (note 13,20,21,27,30) | (1,013) | 5,875 | (8,544) | (2,669) | 1,656 | |||
Total comprehensive income | 2,656,582 | 2,605,704 | (8,544) | 2,597,160 | 59,422 | |||
Transactions with owners: | ||||||||
Annual dividends (note 33) | (635,763) | (635,482) | (635,482) | (281) | ||||
Interim dividends (note 33) | (70,609) | (70,609) | (70,609) | |||||
Share option (note 25) | 414 | 414 | 414 | |||||
Interest on hybrid bonds | (16,840) | (16,840) | (16,840) | |||||
Changes in ownership in subsidiaries | (21,019) | (3,912) | 9 | (3,903) | (17,116) | |||
Transactions with owners | (743,817) | (3,498) | (722,922) | (726,420) | (17,397) | |||
Balance (Previously stated [member]) at Dec. 31, 2017 | 18,029,195 | 44,639 | (202,237) | 398,518 | 17,835,946 | (234,727) | 17,842,139 | 187,056 |
Balance (Increase (decrease) due to application of IFRS 9 [member]) at Dec. 31, 2017 | (8,778) | 60,026 | (68,804) | (8,778) | ||||
Balance (Increase (decrease) due to application of IFRS 15 [member]) at Dec. 31, 2017 | 1,900,049 | 1,900,049 | 1,900,049 | |||||
Balance (Restated balance [member]) at Dec. 31, 2017 | 19,920,466 | 44,639 | (202,237) | 398,518 | 19,796,021 | (303,531) | 19,733,410 | 187,056 |
Total comprehensive income: | ||||||||
Profit for the year | 3,131,988 | 3,127,887 | 3,127,887 | 4,101 | ||||
Other comprehensive income (loss) (note 13,20,21,27,30) | (141,584) | (57,473) | (69,911) | (127,384) | (14,200) | |||
Total comprehensive income | 2,990,404 | 3,070,414 | (69,911) | 3,000,503 | (10,099) | |||
Transactions with owners: | ||||||||
Annual dividends (note 33) | (635,482) | (635,482) | (635,482) | |||||
Interim dividends (note 33) | (70,609) | (70,609) | (70,609) | |||||
Share option (note 25) | 789 | 593 | 593 | 196 | ||||
Interest on hybrid bonds | (15,803) | (15,803) | (15,803) | |||||
Repayments of hybrid bonds (note 24) | (400,000) | (1,482) | (398,518) | (400,000) | ||||
Proceeds from issuance of hybrid bonds (note 24) | 398,759 | 398,759 | 398,759 | |||||
Comprehensive stock exchange (note 12) | 129,595 | 129,595 | 129,595 | |||||
Changes in ownership in subsidiaries | 31,131 | 329,856 | 329,856 | (298,725) | ||||
Transactions with owners | (561,620) | 458,562 | 241 | (721,894) | (263,091) | (298,529) | ||
Balance (Previously stated [member]) at Dec. 31, 2018 | 22,349,250 | 44,639 | 256,325 | 398,759 | 22,144,541 | (373,442) | 22,470,822 | (121,572) |
Balance (Increase (decrease) due to application of IFRS 16 [member]) at Dec. 31, 2018 | (24,689) | (24,186) | (24,186) | (503) | ||||
Balance (Restated balance [member]) at Dec. 31, 2018 | 22,324,561 | 44,639 | 256,325 | 398,759 | 22,120,355 | (373,442) | 22,446,636 | (122,075) |
Balance at Dec. 31, 2018 | 22,349,250 | |||||||
Total comprehensive income: | ||||||||
Profit for the year | 861,942 | 889,907 | 889,907 | (27,965) | ||||
Other comprehensive income (loss) (note 13,20,21,27,30) | 1,009 | (41,513) | 43,866 | 2,353 | (1,344) | |||
Total comprehensive income | 862,951 | 848,394 | 43,866 | 892,260 | (29,309) | |||
Transactions with owners: | ||||||||
Annual dividends (note 33) | (667,978) | (646,828) | (646,828) | (21,150) | ||||
Interim dividends (note 33) | (80,520) | (71,870) | (71,870) | (8,650) | ||||
Share option (note 25) | 1,059 | 295 | 295 | 764 | ||||
Interest on hybrid bonds | (14,766) | (14,766) | (14,766) | |||||
Disposal of treasury shares (note 23) | 300,000 | 300,000 | 300,000 | |||||
Changes in ownership in subsidiaries | 98,229 | 51,102 | 51,102 | 47,127 | ||||
Transactions with owners | (363,976) | 351,397 | (733,464) | (382,067) | 18,091 | |||
Balance at Dec. 31, 2019 | ₩ 22,823,536 | ₩ 44,639 | ₩ 607,722 | ₩ 398,759 | ₩ 22,235,285 | ₩ (329,576) | ₩ 22,956,829 | ₩ (133,293) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Cash generated from operating activities | |||
Profit for the year | ₩ 861,942 | ₩ 3,131,988 | ₩ 2,657,595 |
Adjustments for income and expenses (note 38) | 4,351,037 | 1,568,919 | 2,096,764 |
Changes in assets and liabilities related to operating activities (note 38) | (836,335) | 25,949 | (261,468) |
Sub-total | 4,376,644 | 4,726,856 | 4,492,891 |
Interest received | 56,392 | 59,065 | 66,713 |
Dividends received | 241,117 | 195,671 | 106,674 |
Interest paid | (346,343) | (255,189) | (234,127) |
Income tax paid | (341,728) | (393,823) | (576,331) |
Net cash provided by operating activities | 3,986,082 | 4,332,580 | 3,855,820 |
Cash inflows from investing activities: | |||
Decrease in short-term financial instruments, net | 253,971 | ||
Decrease in short-term investment securities, net | 29,503 | ||
Collection of short-term loans | 113,345 | 117,610 | 216,700 |
Decrease in long-term financial instruments | 231 | 5 | 27 |
Proceeds from disposals of long-term investment securities | 234,683 | 371,816 | 129,726 |
Proceeds from disposals of investments in associates and joint ventures | 220 | 74,880 | 5,925 |
Proceeds from disposals of property and equipment | 18,478 | 58,256 | 29,368 |
Proceeds from disposals of intangible assets | 7,327 | 5,851 | 8,848 |
Collection of long-term loans | 4,435 | 10,075 | 6,205 |
Decrease in deposits | 9,180 | 7,490 | 24,550 |
Proceeds from settlement of derivatives | 601 | ||
Collection of lease receivables | 26,773 | ||
Proceeds from disposals of other non-current assets | 1,186 | 1,185 | |
Proceeds from disposals of subsidiaries | 4,802 | 30,132 | |
Cash inflow from business combination | 5,016 | 38,925 | 4,112 |
Cash inflow from transfers of business | 45,658 | ||
Sub-total | 754,223 | 686,094 | 456,778 |
Cash outflows for investing activities: | |||
Increase in short-term financial instruments, net | (373,450) | (156,012) | |
Increase in short-term investment securities, net | (49,791) | (28,975) | |
Increase in short-term loans | (116,320) | (112,319) | (205,878) |
Increase in long-term loans | (11,541) | (6,057) | (5,869) |
Increase in long-term financial instruments | (2) | (2,034) | |
Acquisitions of long-term investment securities | (383,976) | (19,114) | (19,328) |
Acquisitions of investments in associates and joint ventures | (264,015) | (206,340) | (193,100) |
Acquisitions of property and equipment | (3,375,883) | (2,792,390) | (2,715,859) |
Acquisitions of intangible assets | (141,010) | (503,229) | (145,740) |
Increase in deposits | (6,164) | (8,591) | (26,377) |
Increase in other non-current assets | (5,927) | (47) | |
Cash outflow for business combinations | (36,910) | (654,685) | (26,566) |
Cash outflow for disposal and liquidation of subsidiaries | (927) | (1,924) | (1,600) |
Sub-total | (4,336,746) | (4,733,819) | (3,527,385) |
Net cash used in investing activities | (3,582,523) | (4,047,725) | (3,070,607) |
Cash inflows from financing activities: | |||
Proceeds from short-term borrowings, net | 127,386 | ||
Proceeds from issuance of debentures | 1,633,444 | 1,809,641 | 973,291 |
Proceeds from long-term borrowings | 1,920,114 | 120,000 | |
Proceeds from issuance of hybrid bonds | 398,759 | ||
Cash inflows from settlement of derivatives | 12,426 | 23,247 | 188 |
Proceeds from disposals of treasury shares | 300,000 | ||
Transactions with non-controlling shareholders | 101,398 | 499,926 | 40,938 |
Sub-total | 2,047,268 | 4,651,687 | 1,261,803 |
Cash outflows for financing activities: | |||
Repayments of short-term borrowings, net | (59,860) | (87,701) | |
Repayments of long-term payables – other | (428,153) | (305,644) | (305,476) |
Repayments of debentures | (940,000) | (1,487,970) | (842,733) |
Repayments of long-term borrowings | (89,882) | (1,780,708) | (32,701) |
Repayments of hybrid bonds | (400,000) | ||
Cash outflows from settlement of derivatives | (29,278) | (105,269) | |
Payments of dividends | (718,698) | (706,091) | (706,091) |
Payments of interest on hybrid bonds | (14,766) | (15,803) | (16,840) |
Repayments of lease liabilities | (393,398) | ||
Transactions with non-controlling shareholders | (39,345) | (76,805) | (79,311) |
Sub-total | (2,684,102) | (4,890,000) | (2,088,421) |
Net cash used in financing activities | (636,834) | (238,313) | (826,618) |
Net increase (decrease) in cash and cash equivalents | (233,275) | 46,542 | (41,405) |
Cash and cash equivalents at beginning of the year | 1,506,699 | 1,457,735 | 1,505,242 |
Effects of exchange rate changes on cash and cash equivalents | (2,600) | 2,422 | (6,102) |
Cash and cash equivalents at end of the year | ₩ 1,270,824 | ₩ 1,506,699 | ₩ 1,457,735 |
Reporting Entity
Reporting Entity | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Reporting Entity | 1. Reporting Entity (1) General SK Telecom Co., Ltd. (“the Parent Company”) was incorporated in March 1984 under the laws of the Republic of Korea (“Korea”) to provide cellular telephone communication services in Korea. The Parent Company mainly provides wireless telecommunications services in Korea. The head office of the Parent Company is located at 65, Eulji-ro, Jung-gu, The Parent Company’s common shares and depositary receipts (DRs) are listed on the Stock Market of Korea Exchange, the New York Stock Exchange and the London Stock Exchange. As of December 31, 2019, the Parent Company’s total issued shares are held by the following shareholders: Number of shares Percentage of SK Holdings Co., Ltd. 21,624,120 26.78 National Pension Service 8,982,136 11.12 Institutional investors and other shareholders 41,263,572 51.11 Kakao Co., Ltd. 1,266,620 1.57 Treasury shares 7,609,263 9.42 80,745,711 100.00 These consolidated financial statements comprise the Parent Company and its subsidiaries (together referred to as the “Group” and individually as “Group entity”). SK Holdings Co., Ltd. is the ultimate controlling entity of the Parent Company. (2) List of subsidiaries The list of subsidiaries as of December 31, 2019 and 2018 is as follows: Ownership (%)(*1) Subsidiary Location Primary business Dec. 31, Dec. 31, Subsidiaries owned by the Parent Company SK Telink Co., Ltd. Korea Telecommunication and Mobile Virtual Network Operator service 100.0 100.0 SK Communications Co., Ltd. Korea Internet website services 100.0 100.0 SK Broadband Co., Ltd. Korea Telecommunication services 100.0 100.0 PS&Marketing Corporation Korea Communications device retail business 100.0 100.0 SERVICE ACE Co., Ltd. Korea Call center management service 100.0 100.0 SERVICE TOP Co., Ltd. Korea Call center management service 100.0 100.0 SK O&S Co., Ltd. (Formerly, Network O&S Co., Ltd.) Korea Base station maintenance service 100.0 100.0 SK Telecom China Holdings Co., Ltd. China Investment (holdings company) 100.0 100.0 SK Global Healthcare Business Group, Ltd. Hong Kong Investment 100.0 100.0 YTK Investment Ltd. Cayman Islands Investment association 100.0 100.0 Atlas Investment Cayman Islands Investment association 100.0 100.0 SKT Americas, Inc. USA Information gathering and consulting 100.0 100.0 One Store Co., Ltd.(*2) Korea Telecommunication services 52.7 65.5 SK Planet Co., Ltd. Korea Telecommunication services, system software development and supply services 98.7 98.7 Eleven Street Co., Ltd.(*3) Korea E-commerce 80.3 81.8 DREAMUS COMPANY (Formerly, IRIVER LIMITED)(*4) Korea Manufacturing digital audio players and other portable media devices 51.4 52.6 SK Infosec Co., Ltd. Korea Information security service 100.0 100.0 Life & Security Holdings Co., Ltd. Korea Investment(holdings company) 55.0 55.0 Quantum Innovation Fund I Korea Investment 59.9 59.9 SK Telecom Japan Inc. Japan Information gathering and consulting 100.0 100.0 Subsidiaries owned by the Parent Company id Quantique SA(*5) Switzerland Quantum information and communications service 66.8 65.6 SK Telecom TMT Investment Corp.(*6) USA Investment 100.0 — FSK L&S Co., Ltd.(*6) Korea Freight and logistics consulting business 60.0 — Incross Co., Ltd.(*6) Korea Media representative business 34.6 — Happy Hanool Co., Ltd.(*6) Korea Service 100.0 — Subsidiaries owned by SK Planet Co., Ltd. SK m&service Co., Ltd. Korea Data base and internet website service 100.0 100.0 SK Planet Global Holdings Pte. Ltd. Singapore Investment (holdings company) 100.0 100.0 SKP America LLC. USA Digital contents sourcing service 100.0 100.0 shopkick Management Company, Inc.(*6) USA Investment — 100.0 shopkick, Inc.(*6) USA Reward points-based in-store — 100.0 K-net Korea Capital investing in startups 59.0 59.0 Subsidiaries owned by DREAMUS COMPANY (Formerly, IRIVER LIMITED) iriver Enterprise Ltd. Hong Kong Management of Chinese subsidiaries 100.0 100.0 iriver Inc.(*6) USA Marketing and sales in North America — 100.0 iriver China Co., Ltd. China Sales of and manufacturing MP3 and 4 100.0 100.0 Dongguan iriver Electronics Co., Ltd. China Sales of and manufacturing e-book 100.0 100.0 groovers Japan Co., Ltd.(*6) Japan Digital music contents sourcing and distribution service — 100.0 LIFE DESIGN COMPANY Inc. Japan Sales of goods in Japan 100.0 100.0 groovers Inc.(*6) Korea Sales of contents and Mastering Quality Sound album — 100.0 Subsidiary owned by SK Infosec Co., Ltd. SKinfosec Information Technology (Wuxi) Co., Ltd.(*6) China System software development and supply services 100.0 — Subsidiaries owned by Life & Security Holdings Co., Ltd. ADT CAPS Co., Ltd. Korea Unmanned security 100.0 100.0 CAPSTEC Co., Ltd. Korea Manned security 100.0 100.0 ADT SECURITY Co., Ltd. Korea Sales and trade of anti-theft devices and surveillance devices 100.0 100.0 Subsidiary owned by SK Telink Co., Ltd. SK TELINK VIETNAM Co., Ltd. Vietnam Communications device retail business 100.0 100.0 Subsidiaries owned by SK Broadband Co., Ltd. Home & Service Co., Ltd. Korea Operation of information and communications facility 100.0 100.0 SK stoa Co., Ltd. Korea Other telecommunication retail business 100.0 100.0 Subsidiary owned by SK Telecom Japan Inc. SK Planet Japan, K. K. Japan Digital Contents sourcing service 79.8 79.8 Subsidiary owned by id Quantique SA Id Quantique LLC Korea Quantum information and communications service 100.0 100.0 Subsidiaries owned by FSK L&S Co., Ltd. FSK L&S (Shanghai) Co., Ltd.(*6) China Logistics business 66.0 — FSK L&S (Hungary) Co., Ltd.(*6) Hungary Logistics business 100.0 — Subsidiaries owned by Incross Co., Ltd. Infra Communications Co., Ltd.(*6) Korea Service operation 100.0 — Mindknock Co., Ltd.(*6) Korea Software development 100.0 — Others(*7) SK Telecom Innovation Fund, L.P. USA Investment 100.0 100.0 SK Telecom China Fund I L.P. Cayman Islands Investment 100.0 100.0 (*1) The ownership interest represents direct ownership interest in subsidiaries either by the Parent Company or subsidiaries of the Parent Company. (*2) The ownership interest has changed due to a non-proportional paid-in (*3) 80.3% of the shares issued by Eleven Street Co., Ltd. are owned by the Parent Company and 18.2% of redeemable convertible preferred shares with voting rights by non-controlling (*4) The ownership has changed due to the conversion of the convertible bonds issued by DREAMUS COMPANY (Formerly, IRIVER LIMITED) during the year ended December 31, 2019. (*5) The ownership has changed due to a non-proportional paid-in (*6) Details of changes in the consolidation scope during the year ended December 31, 2019 are presented and explained separately in note 1 (4). (*7) Others are owned by Atlas Investment and another subsidiary of the Parent Company. (3) Condensed financial information of subsidiaries Condensed financial information of significant subsidiaries as of and for the year ended December 31, 2019 is as follows: (In millions of won) As of December 31, 2019 2019 Subsidiary Total assets Total Total Revenue Profit SK Telink Co., Ltd.(*1) ₩ 265,725 77,378 188,347 363,627 3,010 Eleven Street Co., Ltd. 923,424 446,432 476,992 530,489 (5,077 ) SK m&service Co., Ltd. 109,699 58,605 51,094 218,848 2,448 SK Communications Co., Ltd. 67,327 30,361 36,966 39,944 (13,301 ) SK Broadband Co., Ltd. 4,447,549 2,811,417 1,636,132 3,178,805 48,583 K-net 151,493 21,163 130,330 — (294 ) PS&Marketing Corporation 439,947 225,942 214,005 1,684,576 96 SERVICE ACE Co., Ltd. 80,844 55,133 25,711 206,080 3,906 SERVICE TOP Co., Ltd. 66,932 50,060 16,872 193,377 2,230 SK O&S Co., Ltd. 96,446 62,086 34,360 281,634 1,724 SK Planet Co., Ltd. 595,838 278,438 317,400 275,544 1,214 DREAMUS COMPANY 171,586 53,669 117,917 196,961 (48,006 ) SKP America LLC. 48,344 126 48,218 — (351,470 ) Life & Security Holdings Co., Ltd.(*3) 2,639,781 2,330,920 308,861 913,301 12,703 SK Infosec Co., Ltd.(*4) 158,424 61,644 96,780 270,423 18,520 One Store Co., Ltd. 236,329 93,625 142,704 135,116 (5,415 ) Home & Service Co., Ltd. 113,176 76,192 36,984 351,154 (267 ) SK stoa Co., Ltd. 70,754 59,207 11,547 196,063 875 FSK L&S Co., Ltd.(*5) 47,550 19,651 27,899 130,872 306 Incross Co., Ltd.(*6) 144,263 78,519 65,744 19,787 5,756 (*1) The condensed financial information of SK Telink Co., Ltd. is consolidated financial information including SK TELINK VIETNAM Co., Ltd. (*2) The condensed financial information of DREAMUS COMPANY(Formerly, IRIVER LIMITED) is consolidated financial information including iriver Enterprise Ltd. and three other subsidiaries of DREAMUS COMPANY(Formerly, IRIVER LIMITED). (*3) The condensed financial information of Life & Security Holdings Co., Ltd. is consolidated financial information including ADT CAPS Co., Ltd. and two other subsidiaries of Life & Security Holdings Co., Ltd. (*4) The condensed financial information of SK Infosec Co., Ltd. is consolidated financial information including SKinfosec Information Technology (Wuxi) Co., Ltd. (*5) The condensed financial information of FSK L&S Co., Ltd. is consolidated financial information including FSK L&S (Shanghai) Co., Ltd. and another subsidiary. (*6) The condensed financial information of Incross Co., Ltd. is consolidated financial information including Infra Communications Co., Ltd. and another subsidiary from the date of acquisition to December 31, 2019. Condensed financial information of significant subsidiaries as of and for the year ended December 31, 2018 is as follows: (In millions of won) As of December 31, 2018 2018 Subsidiary Total Total Total Revenue Profit SK Telink Co., Ltd.(*1) ₩ 493,972 107,565 386,407 373,019 39,962 Eleven Street Co., Ltd.(*2) 1,045,946 495,907 550,039 228,000 (9,507 ) SK m&service Co., Ltd. 97,924 48,182 49,742 208,936 (119 ) SK Communications Co., Ltd. 79,646 28,458 51,188 41,604 (10,323 ) SK Broadband Co., Ltd. 4,266,458 2,682,236 1,584,222 3,158,877 154,999 K-net 147,691 20,873 126,818 — 58,584 PS&Marketing Corporation 432,699 216,624 216,075 1,587,203 76 SERVICE ACE Co., Ltd. 76,770 45,229 31,541 198,164 4,217 SERVICE TOP Co., Ltd. 74,452 49,400 25,052 205,574 5,276 SK O&S Co., Ltd. 81,773 42,257 39,516 265,183 1,089 SK Planet Co., Ltd. 753,630 436,501 317,129 672,648 (436,106 ) DREAMUS COMPANY 204,479 44,620 159,859 137,849 (21,314 ) SKP America LLC. 383,697 — 383,697 — (370 ) Life & Security Holdings Co., Ltd.(*4) 2,611,838 2,261,456 350,382 197,487 6,038 SK Infosec Co., Ltd.(*5) 183,896 54,301 129,595 — — One Store Co., Ltd. 116,716 65,890 50,826 110,284 (13,903 ) Home & Service Co., Ltd. 87,159 45,341 41,818 325,177 (1,264 ) SK stoa Co., Ltd. 41,305 37,560 3,745 116,459 (16,987 ) (*1) The condensed financial information of SK Telink Co., Ltd. is consolidated financial information including SK TELINK VIETNAM Co., Ltd. (*2) The condensed financial information of Eleven Street Co., Ltd. includes four months of revenue and profit and loss since the spin-off (*3) The condensed financial information of DREAMUS COMPANY (Formerly, IRIVER LIMITED) is consolidated financial information including iriver Enterprise Ltd. and six other subsidiaries of DREAMUS COMPANY (Formerly, IRIVER LIMITED). (*4) The condensed financial information of Life & Security Holdings Co., Ltd. is consolidated financial information including ADT CAPS Co., Ltd. and two other subsidiaries, including 3 months of revenue and profit and loss since Life & Security Holdings Co., Ltd. was acquired by the Parent Company on October 1, 2018. (*5) SK Infosec Co., Ltd. was acquired by the Parent Company and newly included in consolidation as of December 27, 2018. Condensed financial information of the significant subsidiaries as of and for the year ended December 31, 2017 is as follows: (In millions of won) As of December 31, 2017 2017 Subsidiary Total Total Total Revenue Profit SK Telink Co., Ltd. ₩ 455,685 104,727 350,958 389,944 32,728 SK m&service Co., Ltd. 113,515 62,795 50,720 193,256 1,249 SK Communications Co., Ltd. 90,923 28,410 62,513 47,546 (35,454 ) SK Broadband Co., Ltd. 3,802,349 2,616,317 1,186,032 3,050,083 32,030 K-net 250,747 35,900 214,847 — 196,250 PS&Marketing Corporation 506,883 288,881 218,002 1,766,142 391 SERVICE ACE Co., Ltd. 77,681 45,501 32,180 197,408 2,599 SERVICE TOP Co., Ltd. 65,406 41,860 23,546 186,117 3,309 SK O&S Co., Ltd. 87,000 45,248 41,752 255,841 6,283 SK Planet Co., Ltd. 1,534,866 920,677 614,189 1,082,685 (513,667 ) DREAMUS COMPANY 130,878 17,204 113,674 69,452 (14,092 ) SKP America LLC. 412,251 — 412,251 — (57 ) SK techx Co., Ltd. 237,700 41,561 196,139 195,948 26,827 One Store Co., Ltd. 104,891 39,874 65,017 115,596 (27,254 ) Home & Service Co., Ltd. 83,698 38,350 45,348 141,739 11 (*) The condensed financial information of DREAMUS COMPANY (Formerly, IRIVER LIMITED) is consolidated financial information including iriver Enterprise Ltd. and six other subsidiaries of DREAMUS COMPANY (Formerly, IRIVER LIMITED). Information for the other subsidiaries in the above summary is based on their separate financial statements. (4) Changes in subsidiaries The list of subsidiaries that were newly included in consolidation during the year ended December 31, 2019 is as follows: Subsidiary Reason SK Telecom TMT Investment Corp. Established by the Parent Company FSK L&S Co., Ltd. Acquired by the Parent Company FSK L&S (Shanghai) Co., Ltd. Subsidiary of FSK L&S Co., Ltd. Incross Co., Ltd. Acquired by the Parent Company Infra Communications Co., Ltd. Subsidiary of Incross Co., Ltd. Mindknock Co., Ltd. Acquired by Incross Co., Ltd. Happy Hanool Co., Ltd. Established by the Parent Company SKinfosec Information Technology (Wuxi) Co., Ltd. Established by SK Infosec Co., Ltd. FSK L&S (Hungary) Co., Ltd. Established by FSK L&S Co., Ltd. The list of subsidiaries that were excluded from consolidation during the year ended December 31, 2019 is as follows: Subsidiary Reason groovers Inc. Merged into DREAMUS COMPANY (Formerly, IRIVER LIMITED) shopkick Management Company, Inc. Disposed shopkick, Inc. Disposed iriver Inc. Disposed groovers Japan Co., Ltd. Merged into LIFE DESIGN COMPANY Inc. (5) The financial information of significant non-controlling (In millions of won) DREAMUS COMPANY One Store Eleven Street Life & Security Incross Co., Ltd. Ownership of non-controlling interests (%) 48.6 47.3 18.2 45.0 65.4 As of December 31, 2019 Current assets ₩ 136,269 208,527 779,568 126,437 133,741 Non-current 35,317 27,802 143,856 2,513,344 10,522 Current liabilities (49,776 ) (88,842 ) (420,022 ) (279,403 ) (77,530 ) Non-current (3,893 ) (4,783 ) (26,410 ) (2,051,517 ) (989 ) Net assets 117,917 142,704 476,992 308,861 65,744 Fair value adjustment and others — — (18,805 ) (1,219,701 ) — Net assets on the consolidated financial statements 117,917 142,704 458,187 (910,840 ) 65,744 Carrying amount of non-controlling interests 57,175 67,742 84,673 (409,878 ) 41,074 2019 Revenue ₩ 196,961 135,116 530,489 913,301 19,787 Profit (Loss) for the year (48,006 ) (5,415 ) (5,077 ) 12,703 5,756 Depreciation of the fair value adjustment and others — — (614 ) (14,913 ) — Profit (Loss) for the year on the consolidated financial statements (48,006 ) (5,415 ) (5,691 ) (2,210 ) 5,756 Total comprehensive income (loss) (47,971 ) (5,856 ) (13,590 ) (5,413 ) 5,396 Profit (Loss) attributable to non-controlling (23,281 ) (2,256 ) (1,064 ) (978 ) 3,630 Net cash provided by (used in) operating activities ₩ (1,387 ) 14,426 7,980 238,378 (9,331 ) Net cash provided by (used in) investing activities (2,596 ) (87,275 ) 102,366 (194,472 ) 5,053 Net cash provided by (used in) financing activities (2,965 ) 96,189 (72,686 ) (51,129 ) (4,644 ) Effects on exchange rate changes on cash and cash equivalents 197 2 35 — — Net increase (decrease) in cash and cash equivalents (6,751 ) 23,342 37,695 (7,223 ) 8,478 Dividend paid to non-controlling interests during the year ended December 31, 2019 ₩ — — 17,500 28,786 — (In millions of won) K-net Culture DREAMUS One Store Eleven Street Life & Security Ownership of non-controlling interests (%) 41.0 47.4 34.5 18.2 45.0 As of December 31, 2018 Current assets ₩ 118 150,199 92,844 923,153 124,091 Non-current 147,573 54,465 23,872 122,793 2,487,747 Current liabilities (20,873 ) (42,142 ) (63,440 ) (486,391 ) (243,064 ) Non-current — (2,663 ) (2,450 ) (9,516 ) (2,018,392 ) Net assets 126,818 159,859 50,826 550,039 350,382 Fair value adjustment and others — — — (23,191 ) (1,216,347 ) Net assets on the consolidated financial statements 126,818 159,859 50,826 526,848 (865,965 ) Carrying amount of non-controlling interests 51,995 76,204 17,711 95,811 (389,684 ) 2018 Revenue ₩ — 137,849 110,284 228,000 197,487 Profit (Loss) for the year 58,584 (21,314 ) (13,903 ) (9,507 ) 6,038 Depreciation of the fair value adjustment and others — — — (161 ) (2,954 ) Profit (Loss) for the year on the consolidated financial statements 58,584 (21,314 ) (13,903 ) (9,668 ) 3,084 Total comprehensive income (loss) 27,773 (21,125 ) (14,386 ) (8,897 ) (991 ) Profit (Loss) attributable to non-controlling 24,019 (10,094 ) (4,791 ) (1,758 ) 1,387 Net cash provided by (used in) operating activities ₩ 115,566 13,635 7,181 (69,347 ) (23,451 ) Net cash provided by (used in) investing activities 600 (10,169 ) (11,482 ) (470,211 ) (139,430 ) Net cash provided by (used in) financing activities (116,150 ) 69,267 5 494,923 124,076 Net increase (decrease) in cash and cash equivalents 16 72,733 (4,296 ) (44,635 ) (38,805 ) Dividend paid to non-controlling interests during the year ended December 31, 2018 ₩ 36,178 — — — — (*) The financial information of Life & Security Holdings Co., Ltd. is related to the period subsequent to the acquisition by the Parent Company on October 1, 2018 and includes fair value adjustments from the business combination. (In millions of won) K-net Culture and DREAMUS One Store Co., Ltd. Ownership of non-controlling 41.0 54.1 34.5 As of December 31, 2017 Current assets ₩ 625 74,873 76,810 Non-current 250,122 56,005 28,081 Current liabilities (35,900 ) (9,563 ) (38,547 ) Non-current — (7,641 ) (1,327 ) Net assets 214,847 113,674 65,017 Carrying amount of non-controlling 88,087 63,382 22,405 2017 Revenue ₩ — 69,452 115,596 Profit (Loss) for the year 196,250 (14,092 ) (27,254 ) Total comprehensive profit (loss) 201,693 (14,278 ) (27,452 ) Profit (Loss) attributable to non-controlling 80,463 (7,438 ) (9,392 ) Net cash provided by (used in) operating activities ₩ (7 ) (7,553 ) 13,912 Net cash used in investing activities (600 ) (45,002 ) (2,000 ) Net cash provided by (used in) financing activities — 64,571 (7 ) Net increase (decrease) in cash and cash equivalents (607 ) 12,016 11,905 |
Basis of Preparation
Basis of Preparation | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Basis of Preparation | 2. Basis of Preparation (1) Statement of compliance These consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements were authorized for issuance by the Board of Directors on February 6, 2020. (2) Basis of measurement The consolidated financial statements have been prepared on the historical cost basis, except for the following material items in the consolidated statement of financial position: • derivative financial instruments measured at fair value; • financial instruments measured at fair value through profit or loss (“FVTPL”); • financial instruments measured at fair value through other comprehensive income (“FVOCI”); • liabilities (assets) for defined benefit plans recognized at the total present value of defined benefit obligations less the net of the fair value of plan assets (3) Functional and presentation currency Financial statements of Group entities within the Group are prepared in functional currency of each group entity, which is the currency of the primary economic environment in which each entity operates. Consolidated financial statements of the Group are presented in Korean won, which is the Parent Company’s functional and presentation currency. (4) Use of estimates and judgments The preparation of the consolidated financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period prospectively. 1) Critical judgments Information about critical judgments in applying accounting policies that have the most significant effects on the amounts recognized in the consolidated financial statements is included in notes for the following areas: consolidation (whether the Group has de facto control over an investee), determination of stand-alone selling prices. 2) Assumptions and estimation uncertainties Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are included in the following notes: loss allowance (notes 7 and 35), estimated useful lives of costs to obtain a contract (notes 8), property and equipment and intangible assets (notes 4 (8), (10), 14 and 16), impairment of goodwill (notes 4 (12) and 15), recognition of provision (notes 4 (18) and 19), measurement of defined benefit liabilities (notes 4 (17) and 20), and recognition of deferred tax assets (liabilities) (notes 4 (26) and 31). A number of the Group’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial The Group regularly reviews significant unobservable inputs and valuation adjustments. If third party information, such as broker quotes or pricing services, is used to measure fair values, then the Group assesses the evidence obtained from the third parties to support the conclusion that such valuations meet the requirements of IFRS, including the level in the fair value hierarchy in which such valuations should be classified. When measuring the fair value of an asset or a liability, the Group uses market observable data as far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows. • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and • Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs). If the inputs used to measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. The Group recognizes transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred. Information about assumptions used for fair value measurements are included in note 35. |
Recently Adopted Accounting Sta
Recently Adopted Accounting Standards | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Recently Adopted Accounting Standards | 3. Recently Adopted Accounting Standards The Group has initially applied IFRS 16, Leases IFRS 16, Leases IFRS 16, Leases on-balance right-of-use The Group has applied IFRS 16, Leases Leases (1) Definition of a lease Previously, the Group determined at contract inception whether an arrangement was or contained a lease under IFRIC 4 , Determining Whether an Arrangement Contains a Lease Leases (2) As a lessee The Group leases a number of assets including buildings and vehicles. The terms of leases are negotiated individually and include various conditions. Each lease contract is entered into with a term of 1~50 years. As a lessee, the Group previously classified leases as operating or finance leases based on its assessment of whether the lease transferred substantially all of the risks and rewards of ownership. Under IFRS 16, Leases right-of-use However, the Group has elected not to recognize right-of-use low-value non-lease 1) Significant accounting policies The Group recognizes a right-of-use right-of-use right-of-use right-of-use right-of-use The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate. The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payment made. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. The Group has applied judgment to determine the lease term for some lease contracts in which it is a lessee that include extension options. The assessment of whether the Group is reasonably certain to exercise such options impacts the lease term, which significantly affects the amount of lease liabilities and right-of-use 2) Transition requirements At transition, lease liabilities were measured at the present value of the remaining lease payments, discounted at the Group’s incremental borrowing rate as of January 1, 2019. Right-of-use • their carrying amount as if IFRS 16, Leases • the amount equal to the lease liabilities, adjusted by the amount of any prepaid or accrued lease payments. The Group used the following practical expedients when applying IFRS 16, Leases Leases • Excluded initial direct costs from measuring the right-of-use • Used hindsight when determining the lease term if the contract contains options to extend or terminate the lease. (3) As a lessor The accounting policies applicable to the Group as a lessor are not different from those under IAS 17, Leases sub-leases right-of-use (4) Impact on financial statements 1) Impact on transition On transition to IFRS 16, the Group recognized right-of-use (In millions of won) January 1, Impact on assets: Right-of-use ₩ 654,449 Increase in accounts receivable — other (lease receivables) 31,355 Adjustments in property and equipment and intangible assets (3,387 ) Decrease in advanced payments and others (52,638 ) 629,779 Impact on liabilities: Increase in lease liabilities 663,827 Decrease in deferred tax liabilities (9,359 ) 654,468 Decrease in retained earnings (24,186 ) Decrease in non-controlling ₩ (503 ) When measuring lease liabilities for leases that were classified as operating leases, the Group discounted lease payments using its incremental borrowing rate at January 1, 2019. The weighted average incremental borrowing rate applied is 2.11%. (In millions of won) January 1, Operating lease commitments at December 31, 2018 ₩ 766,978 Discounted using the incremental borrowing rate at January 1, 2019 735,051 — Recognition exemption for leases with less than 12 months of lease term at the lease commencement date (66,548 ) — Recognition exemption for leases of low-value (4,676 ) Lease liabilities recognized at January 1, 2019 ₩ 663,827 2) Impact subsequent to transition (i) As a lessee As a result of initially applying IFRS 16, in relation to the leases that were previously classified as operating leases, the Group recognized ₩709,396 million of right-of-use Also, in relation to those leases under IFRS 16, the Group has recognized depreciation and interest costs, instead of operating lease expense. For the year ended December 31, 2019, the Group recognized ₩360,606 million of depreciation charges and ₩15,471 million of interest costs from those leases. Expenses related to short-term leases and leases of low-value The payments of lease liabilities presented in the cash flows from financing activities would have been included in the cash flows from operating activities if the previous accounting standards were applied. (ii) As a lessor ① Finance lease The following table sets out a maturity analysis of lease receivables, presenting the undiscounted lease payments to be received subsequent to December 31, 2019. Under IAS 17, the Group did not hold any finance lease as a lessor. (In millions of won) Amount Less than 1 year ₩ 24,286 1 ~ 2 years 12,690 2 ~ 3 years 6,348 3 ~ 4 years 3,683 4 ~ 5 years 1,589 More than 5 years 1 Undiscounted lease payments ₩ 48,597 Unrealized finance income 1,822 Net investment in the lease 46,775 ② Operating lease The Group recognized lease income of ₩163,355 million for the year ended December 31, 2019, of which income relating to variable lease payments is ₩20,101 million. The following table sets out a maturity analysis of lease payments, presenting the undiscounted lease payments to be received subsequent to December 31, 2019. (In millions of won) Amount Less than 1 year ₩ 129,310 1 ~ 2 years 76,669 2 ~ 3 years 25,047 3 ~ 4 years 1,243 4 ~ 5 years 1,218 More than 5 year 3 ₩233,490 (5) Determining the lease term and assessing the length of the enforceable period of a lease In December 2019, International Financial Reporting Interpretations Committee(‘IFRIC’) issued its final agenda decision that the concept of penalty that should be considered in determining the enforceable period under IFRS 16, Leases As of December 31, 2019, the Group assesses the lease term based on the assumption that the right to extend or terminate the lease is no longer enforceable if a lease contract requires the counterparty’s consent to be extended. Applying the above mentioned IFRIC interpretation may change the judgment on enforceable period for certain of the Group’s lease contracts. However, considering the type and number of lease contracts entered into as of and from January 1, 2019, the Group does not believe it had sufficient time to complete the analysis on its lease portfolios to reflect the impact of the above IFRIC agenda decision, if any, in its 2019 consolidated financial statements. The Group plans to analyze and apply the impact of IFRIC’s interpretation in 2020, if any, as changes in accounting policies. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Significant Accounting Policies | 4. Significant Accounting Policies The significant accounting policies applied by the Group in the preparation of its consolidated financial statements in accordance with IFRS are included below. The significant accounting policies applied by the Group in these consolidated financial statements have been consistently applied for all periods presented, except for the changes described in note 3 and below. (1) Operating segments An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. The Group’s operating segments have been determined to be each business unit, for which the Group generates separately identifiable financial information that is regularly reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance. The Group has five reportable segments as described in note 5. Segment results that are reported to the chief operating decision maker include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. (2) Basis of consolidation 1) Business combination A business combination is accounted for by applying the acquisition method, unless it is a combination involving entities or businesses under common control. Consideration transferred is generally measured at fair value, identical to the measurement of identifiable net assets acquired at fair value. The difference between the acquired company’s fair value and the consideration transferred is accounted for goodwill. Any goodwill that arises is tested annually for impairment. Any gain on a bargain purchase is recognized in profit or loss immediately. Acquisition-related costs are expensed in the periods in which the costs are incurred and the services are received excluding costs to issue debt or equity securities recognized based on IAS 32 and IFRS 9. Consideration transferred does not include the amount settled in relation to the pre-existing pre-existing Contingent consideration is measured at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. If contingent consideration is not classified as equity, the Group subsequently recognizes changes in fair value of contingent consideration through profit or loss. 2) Non-controlling Non-controlling Changes in a Controlling Company’s ownership interest in a subsidiary that do not result in the Controlling Company losing control of the subsidiary are accounted for as equity transactions. 3) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Consolidation of an investee begins from the date the Group obtains control of the investee and cease when the Group loses control of the investee. 4) Loss of control If the Group loses control of a subsidiary, the Group derecognizes the assets and liabilities of the former subsidiary from the consolidated statement of financial position and recognizes gain or loss associated with the loss of control attributable to the former controlling interest. Any investment retained in the former subsidiary is recognized at its fair value when control is lost. 5) Interest in investees accounted for using the equity method Interest in investees accounted for using the equity method composed of interest in associates and joint ventures. An associate is an entity in which the Group has significant influence, but not control, over the entity’s financial and operating policies. A joint venture is a joint arrangement whereby the Group that has joint control of the arrangement has rights to the net assets of the arrangement. The investment in an associate and a joint venture is initially recognized at cost including transaction costs and the carrying amount is increased or decreased to recognize the Group’s share of the profit or loss and changes in equity of the associate or the joint venture after the date of acquisition. The investment in an associate and a joint venture is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of that asset that can be estimated reliably. • significant financial difficulty of the associate or joint venture; • a breach of contract, such as a default or delinquency in payments by the associate or joint venture; • the entity, for economic or legal reasons relating to its associate’s or joint venture’s financial difficulty, granting to the associate or joint venture a concession that the entity would not otherwise consider; • it becoming probable that the associate or joint venture will enter bankruptcy or other financial reorganization; or • the disappearance of an active market for the net investment because of financial difficulties of the associate or joint venture. 6) Intra-group transactions Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. The Group’s share of unrealized gain incurred from transactions with investees accounted for using the equity method are eliminated and unrealized loss are eliminated using the same basis if there are no evidence of asset impairments. 7) Business combinations under common control SK Holdings Co., Ltd. is the ultimate controlling entity of the Group. The assets and liabilities acquired under business combination under common control are recognized at the carrying amounts in the ultimate controlling shareholder’s consolidated financial statements. The difference between consideration and carrying amount of net assets acquired is added to or subtracted from capital surplus and others. (3) Cash and cash equivalents Cash and cash equivalents comprise cash balances, call deposits and investment securities with maturities of three months or less from the acquisition date that are easily convertible to cash and subject to an insignificant risk of changes in their fair value. (4) Inventories Inventories are initially recognized at the acquisition cost and subsequently measured using the weighted average method. During the period, a perpetual inventory system is used to track inventory quantities, which is adjusted based on the physical inventory counts performed at the period end. When the net realizable value of inventories is less than cost, the carrying amount is reduced to the net realizable value, and any difference is charged to current period as operating expenses. (5) Non-derivative 1) Recognition and initial measurement Accounts receivable — trade and debt investments issued are initially recognized when they are originated. All other financial assets and financial liabilities are initially recognized when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless an accounts receivable — trade without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition or issue. An accounts receivable — trade without a significant financing component is initially measured at the transaction price. 2) Classification and subsequent measurement On initial recognition, a financial asset is classified as measured at: • FVTPL • FVOCI — equity investment • FVOCI — debt investment • Financial assets at amortized cost A financial asset is classified based on the business model in which a financial asset is managed and its contractual cash flow characteristics. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: • it is held within a business model whose objective is to hold assets to collect contractual cash flows; and • its contractual terms give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding on specified dates. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: • it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and • its contractual terms give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding on specified dates. On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in other comprehensive income (“OCI”). This election is made on an investment-by-investment All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. The following accounting policies are applied to the subsequent measurement of financial assets. Financial assets at FVTPL These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognized in profit or loss. Financial assets at amortized cost These assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. Debt investments at FVOCI These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. Equity investments at FVOCI These assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the dividend clearly represents a recovery of the cost of the investment. Other net gains and losses are recognized in OCI and are never reclassified to profit or loss. 3) Impairment The Group estimates the expected credit losses (ECL) for the debt instruments measured at amortized cost and FVOCI based on the Group’s historical experience and informed credit assessment that includes forward-looking information. The impairment approach is decided based on the assessment of whether the credit risk of a financial asset has increased significantly since initial recognition. The Group measures loss allowances at an amount equal to lifetime ECL, except for the following, which are measured at 12-month • debt securities that are determined to have low credit risk at the reporting date; and • other dept securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. Loss allowances for accounts receivable — trade and lease receivables are always measured at an amount equal to lifetime ECL. ECL is a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive). At each reporting date, the Group assesses whether financial assets measured at amortized cost and debt investments at FVOCI are credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Loss allowance on financial assets measured at amortized cost is deducted from the carrying amount of the respective assets, while loss allowance on debt instruments at FVOCI is recognized in OCI, instead of reducing the carrying amount of the assets. 4) Derecognition Financial assets are derecognized if the Group’s contractual rights to the cash flows from the financial assets expire or if the Group transfers the financial asset to another party without retaining control or transfers substantially all the risks and rewards of the asset. The transferred assets are not derecognized when the Group enters into transactions whereby it transfers assets recognized in its statement of financial position but retains substantially all of the risks and rewards of the transferred assets. 5) Offsetting Financial assets and financial liabilities are offset and the net amount is presented in the statement of financial position when the Group currently has a legally enforceable right to offset the recognized amounts and intends either to settle on a net basis or to settle the liability and realize the asset simultaneously. A financial asset and a financial liability is offset only when the right to set off the amount is not contingent on future event and legally enforceable even on the event of default, insolvency or bankruptcy. (6) Financial assets — Policies applied before January 1, 2018 The Group recognizes and measures non-derivative held-to-maturity available-for-sale Upon initial recognition, non-derivative 1) Financial assets at fair value through profit or loss A financial asset is classified as financial asset at fair value through profit or loss if it is held for trading or is designated as such upon initial recognition. Upon initial recognition, transaction costs are recognized in profit or loss when incurred. Financial assets at fair value through profit or loss are measured at fair value, and changes therein are recognized in profit or loss. 2) Held-to-maturity A non-derivative held-to-maturity held-to-maturity 3) Loans and receivables Loans and receivables are financial assets with fixed or determinable payments that are not quoted in an active market. Subsequent to initial recognition, loans and receivables are measured at amortized cost using the effective interest method except for loans and receivables of which the effect of discounting is immaterial. 4) Available-for-sale Available-for-sale non-derivative available-for-sale held-to-maturity 5) Impairment of financial assets A financial asset not carried at fair value through profit or loss is assessed at each reporting date to determine whether there is objective evidence that it is impaired. A financial asset is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of the asset that can be reliably estimated. However, losses expected as a result of future events, regardless of likelihood, are not recognized. Objective evidence that a financial asset is impaired includes following loss events: • significant financial difficulty of the issuer or obligor; • a breach of contract, such as default or delinquency in interest or principal payments; • the lender, for economic or legal reasons relating to the borrower’s financial difficulty, granting to the borrower a concession that the lender would not otherwise consider; • it becoming probable that the borrower will enter bankruptcy or other financial reorganization; • the disappearance of an active market for that financial asset because of financial difficulties; or • observable data indicating that there is a measurable decrease in the estimated future cash flows from a group of financial assets since the initial recognition of those assets, although the decrease cannot yet be identified with the individual financial assets in the group. In addition, for an investment in an equity security classified as available-for-sale If financial assets have objective evidence that they are impaired, impairment losses are measured and recognized. (i) Financial assets measured at amortized cost An impairment loss in respect of a financial asset measured at amortized cost is calculated as the difference between its carrying amount and the present value of its estimated future cash flows discounted at the asset’s original effective interest rate. The Group can recognize impairment losses directly or by establishing an allowance account. If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be objectively related to an event occurring after the impairment was recognized (such as an improvement in the debtor’s credit rating), the previously recognized impairment loss is reversed either directly or by adjusting an allowance account. (ii) Financial assets carried at cost If there is objective evidence that an impairment loss has occurred on an unquoted equity instrument that is not carried at fair value because its fair value cannot be reliably measured, or on a derivative asset that is linked to and must be settled by delivery of such an unquoted equity instrument, the amount of the impairment loss is measured as the difference between the carrying amount of the financial asset and the present value of estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment losses are not reversed. (iii) Available-for-sale When a decline in the fair value of an available-for-sale available-for-sale available-for-sale 6) De-recognition The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire or the Group transfers the rights to receive the cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Group is recognized as a separate asset or liability. If the Group retains substantially all the risks and rewards of ownership of the transferred financial assets, the Group continues to recognize the transferred financial assets and recognizes financial liabilities for the consideration received. 7) Offsetting between financial assets and financial liabilities Financial assets and liabilities are offset and presented in net in the statement of financial position when, and only when, the Group currently has a legally enforceable right to offset the recognized amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. (7) Derivative financial instruments and hedge accounting Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value at the end of each reporting period, and changes therein are accounted for as described below. 1) Hedge accounting The Group holds forward exchange contracts, interest rate swaps, currency swaps and other derivative contracts to manage interest rate risk and foreign exchange risk. The Group designates derivatives as hedging instruments to hedge the foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction, together with the methods that will be used to assess the effectiveness of the hedging relationship. Cash flow hedge When a derivative is designated to hedge the variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income, net of tax, and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated, exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. 2) Other derivative financial instruments Other derivative financial instrument not designated as a hedging instrument are measured at fair value, and the changes in fair value of the derivative financial instrument is recognized immediately in profit or loss. (8) Property and equipment Property and equipment are initially measured at cost. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Property and equipment, subsequently, are carried at cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are recognized in the carrying amount of property and equipment at cost or, if appropriate, as a separate item if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be reliably measured. The carrying amount of the replaced part is derecognized. The costs of the day-to-day Property and equipment, except for land, are depreciated on a straight-line basis over estimated useful lives that appropriately reflect the pattern in which the asset’s future economic benefits are expected to be consumed. A component that is significant compared to the total cost of property and equipment is depreciated over its separate useful life. Gains and losses on disposal of an item of property and equipment are determined by comparing the proceeds from disposal with the carrying amount of property and equipment and are recognized as other operating income (loss). The estimated useful lives of the Group’s property and equipment are as follows: Useful lives (years) Buildings and structures 15 ~ 40 Machinery 3 ~ 15 Other property and equipment 2 ~ 10 Right-of-use 1 ~ 50 Depreciation methods, useful lives, and residual values are reviewed at the end of each reporting date and adjusted, if appropriate. The change is accounted for as a change in an accounting estimate. (9) Borrowing costs The Group capitalizes borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset as part of the cost of that asset. Other borrowing costs are recognized in expense as incurred. A qualifying asset is an asset that requires a substantial period of time to get ready for its intended use or sale. Financial assets are not qualifying assets, and assets that are ready for their intended use or sale when acquired are not qualifying assets either. To the extent that the Group borrows funds specifically for the purpose of obtaining a qualifying asset, the Group determines the amount of borrowing costs eligible for capitalization as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings. To the extent that the Group borrows funds generally and uses them for the purpose of obtaining a qualifying asset, the Group determines the amount of borrowing costs eligible for capitalization by applying a capitalization rate to the expenditures on that asset. The capitalization rate is the weighted average of the borrowing costs applicable to the borrowings of the Group that are outstanding during the period other than borrowings made specifically for the purpose of obtaining a qualifying asset. The amount of borrowing costs that the Group capitalizes during a period do not exceed the amount of borrowing costs incurred during the period. (10) Intangible assets Intangible assets are measured initially at cost and, subsequently, are carried at cost less accumulated amortization and accumulated impairment losses. Intangible assets, except for goodwill, are amortized on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use. The residual value of intangible assets is zero. However, club memberships and brand are expected to be available for use as there are no foreseeable limits to the periods. These intangible assets are determined as having indefinite useful lives and, therefore, not amortized. The estimated useful lives of the Group’s intangible assets are as follows: Useful lives (years) Frequency usage rights 5 ~ 10 Land usage rights 5 Industrial rights 5, 10 Development costs 3 ~ 5 Facility usage rights 10, 20 Customer relations 3 ~ 20 Other 3 ~ 20 Amortization periods and the amortization methods for intangible assets with finite useful lives are reviewed at the end of each reporting period. The useful lives of intangible assets that are not being amortized are reviewed at the end of each reporting period to determine whether events and circumstances continue to support indefinite useful life assessments for those assets. Changes, if appropriate, are accounted for as changes in accounting estimates. Expenditures on research activities are recognized in profit or loss as incurred. Development expenditures are capitalized only if development costs can be reliably measured, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditures are recognized in profit or loss as incurred. Subsequent expenditures are capitalized only when they increase the future economic benefits embodied in the specific asset to which it relates. All other expenditures, including expenditures on internally generated goodwill and brands, are recognized in profit or loss as incurred. (11) Government grants Government grants are not recognized unless there is reasonable assurance that the Group will comply with the grant’s conditions and that the grant will be received. 1) Grants related to assets Government grants whose primary condition is that the Group purchases, constructs, or otherwise acquires a long-term asset are deducted in calculating the carrying amount of the asset. The grant is recognized in profit or loss over the life of a depreciable asset as a reduction to depreciation expense. 2) Grants related to income Government grants which are intended to compensate the Group for expenses incurred are deducted from the related expenses. (12) Impairment of non-financial The carrying amounts of the Group’s non-financial non-current The Group estimates the recoverable amount of an individual asset, and if it is impossible to measure the individual recoverable amount of an asset, the Group estimates the recoverable amount of cash-generating unit (“CGU”). A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. The value in use is estimated by applying a pre-tax An impairment loss is recognized in profit or loss to the extent the carrying amount of the asset exceeds its recoverable amount. Goodwill acquired in a business combination is allocated to each CGU that is expected to benefit from the synergy arising from the business acquired. Any impairment identified at the CGU level will first reduce the carrying amount of goodwill and then be used to reduce the carrying amount of the other assets in the CGU on a pro rata basis. Except for impairment losses in respect of goodwill which are never reversed, an impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. (13) Leases - Policies applicable from January 1, 2019 The Group has applied IFRS 16, Leases, The Group determined at contract inception whether an arrangement was or contained a lease. A contract is, or contains, a lease if the contract transfers the right to control the identified asset for a period of time in exchange for consideration. To assess whether a contract transfers the right to control the identified asset, the Group uses the definition of a lease in IFRS 16, Leases. 1) As a lessee The Group recognizes a right-of-use right-of-use right-of-use right-of-use right-of-use The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate. The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. The Group has applied judgment to determine the lease term for some lease contracts in which it is a lessee that include extension options. The assessment of whether the Group is reasonably certain to exercise such options impacts the lease term, which significantly affects the amount of lease liabilities and right-of-use The Group has elected not to recognize right-of-use low-value non-lease 2) As a lessor The Group determines whether each lease is a finance lease or an operating lease at inception of a contract. A lease is classified as a finance lease when the lease transfers substantially all of the risks and rewards of ownership of the underlying asset. If not, then it is classified as an operating lease. When the Group is an intermediate lessor, the Group accounts for the head lease and the sublease separately. The sub-leases right-of-use (14) Leases — Policies applied before January 1, 2019 The Group classifies and accounts for leases as either a finance or operating lease, depending on the terms. Leases under which the Group assumes substantially all of the risks and rewards of ownership are classified as finance leases. All other leases are classified as operating leases. 1) Finance leases — lessee At the commencement of the lease term, the Group recognizes as finance assets and finance liabilities in its consolidated statement of financial position, the lower amount of the fair value of the leased property and the present value of the minimum lease payments, each determined at the inception of the lease. Any initial direct costs are added to the amount recognized as an asset. Minimum lease payments are apportioned between the finance cost and the reduction of the outstanding liability. The finance cost is allo |
Operating Segments
Operating Segments | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Operating Segments | 5. Operating Segments The Group’s operating segments have been identified to be each business unit, by which the Group provides independent services and merchandise. The Group’s reportable segments are cellular services, which include cellular voice service, wireless data service and wireless internet services; fixed-line telecommunications services, which include telephone services, internet services and leased line services; security services, which include unmanned security services, manned security services and system software development; commerce services, the open marketplace platform; and all other businesses, which include the Group’s internet portal services and other immaterial operations, each of which does not meet the quantitative threshold to be considered as a reportable segment and are presented collectively as others. (1) Segment information for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 Cellular Services Fixed-line telecommu- Services(*1) Security Commerce Services(*1) Others(*1) Sub-total Adjustments (*2) Total Total revenue ₩ 13,781,882 3,952,373 1,183,724 726,552 1,069,685 20,714,216 (2,970,514 ) 17,743,702 Inter-segment revenue 1,609,467 1,004,193 74,247 15,899 266,708 2,970,514 (2,970,514 ) — External revenue 12,172,415 2,948,180 1,109,477 710,653 802,977 17,743,702 — 17,743,702 Depreciation and amortization 2,694,786 752,234 224,537 35,788 64,141 3,771,486 — 3,771,486 Operating profit (loss) 914,118 139,172 133,573 1,938 (78,821 ) 1,109,980 (109,087 ) 1,000,893 Gain relating to investments in subsidiaries, associates and joint ventures, net 449,543 Finance income 141,977 Finance costs (429,758 ) Profit before income tax 1,162,655 (In millions of won) 2018 Cellular Services Fixed-line telecommu- Services(*1) Security Commerce Services(*1) Others(*1) Sub-total Adjustments (*2) Total Total revenue ₩ 13,961,762 3,857,074 286,089 790,818 912,776 19,808,519 (2,934,559 ) 16,873,960 Inter-segment revenue 1,582,865 1,034,769 1,801 62,446 252,678 2,934,559 (2,934,559 ) — External revenue 12,378,897 2,822,305 284,288 728,372 660,098 16,873,960 — 16,873,960 Depreciation and amortization 2,341,862 641,336 60,723 19,051 63,146 3,126,118 — 3,126,118 Operating profit (loss) 1,299,869 245,509 (11,284 ) (85,041 ) (247,293 ) 1,201,760 (367,909 ) 833,851 Gain relating to investments in subsidiaries, associates and joint ventures, net 3,270,912 Finance income 256,435 Finance costs (385,232 ) Profit before income tax 3,975,966 (In millions of won) 2017 Cellular Services Fixed-line telecommu- Services(*1) Security Commerce Services(*1) Others(*1) Sub-total Adjustments (*2) Total Total revenue ₩ 14,873,543 3,581,766 93,372 689,883 1,102,605 20,341,169 (2,821,156 ) 17,520,013 Inter-segment revenue 1,611,408 862,333 1,398 38,065 307,952 2,821,156 (2,821,156 ) — External revenue 13,262,135 2,719,433 91,974 651,818 794,653 17,520,013 — 17,520,013 Depreciation and amortization 2,390,016 592,681 16,768 15,417 82,584 3,097,466 — 3,097,466 Operating profit (loss) 1,714,078 168,470 (16,651 ) (154,901 ) (174,370 ) 1,536,626 (312,054 ) 1,224,572 Gain relating to investments in subsidiaries, associates and joint ventures, net 2,245,732 Finance income 366,561 Finance costs (433,616 ) Profit before income tax 3,403,249 (*1) During the year ended December 31, 2019, due to the change in the categorization of information reviewed by the chief operating decision maker in 2019, the Group reclassified SK stoa Co., Ltd. from Fixed-line telecommunication Service segment to Commerce Services segment. In addition, operating segment for Life & Security Holdings Co., Ltd. and SK Infosec Co., Ltd. was separately presented as a reportable segment (Security Services) and no longer included in Others segment. Segment information for the years ended December 31, 2018 and 2017 was restated to conform to the 2019 reclassifications. (*2) Adjustments for operating profit (loss) are the amount differences from operating profit (loss) included in CODM report which is based on Korean IFRS to operating profit (loss) under IFRS. The reconciliation of these amounts is included in note 5-(2). (2) Reconciliation of total segment operating profit to consolidated operating profit from continuing operations for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Total segment operating profit ₩ 1,109,980 1,201,760 1,536,626 Other operating income: Gain on disposal of property and equipment and intangible assets 8,942 38,933 13,991 Others(*1) 94,288 33,017 18,006 103,230 71,950 31,997 Other operating expenses: Impairment loss on property and equipment and intangible assets (65,935 ) (255,839 ) (54,946 ) Loss on disposal of property and equipment and intangible assets (56,248 ) (87,257 ) (60,086 ) Donations (17,557 ) (59,012 ) (112,634 ) Bad debt for accounts receivable — other (5,802 ) (7,718 ) (5,793 ) Others(*2) (66,775 ) (30,033 ) (110,592 ) (212,317 ) (439,859 ) (344,051 ) Consolidated operating profit from continuing operations ₩ 1,000,893 833,851 1,224,572 (*1) Others for the years ended December 31, 2019 includes ₩70 billion of gain on business transfer and others for the years ended December 31, 2018 includes ₩11 billion of penalty refund, respectively, various other income with inconsequential amounts. (*2) Others for the years ended December 31, 2019, 2018 and 2017 include ₩42.4 billion, ₩0.4 billion and ₩21.4 billion of penalties, respectively, and various other expenses with inconsequential amounts. Since there are no intersegment sales of inventory or depreciable assets, there is no unrealized intersegment profit to be eliminated on consolidation. Domestic revenue for the years ended December 31, 2019, 2018 and 2017 amounts to ₩17,680 billion, ₩16,656 billion and ₩17,374 billion, respectively. Domestic non-current non-current No single customer contributed 10% or more to the Group’s total sales for the years ended December 31, 2019, 2018 and 2017. The Group principally operates its businesses in Korea and the revenue amounts earned outside of Korea are immaterial. Therefore, no entity-wide geographical information is presented. (3) Disaggregation of operating revenues considering the economic factors that affect the amounts, timing and uncertainty of the Group’s revenue and future cash flows is as follows: (In millions of won) 2019 2018 2017 Goods and services transferred at a point in time: Cellular revenue Goods(*1) ₩ 1,142,868 1,124,143 1,119,662 Fixed-line telecommunication revenue Goods 145,314 125,959 73,362 Security services revenue Goods 44,764 12,332 404 Commerce services revenue Goods 56,699 45,837 94,085 Commerce 151,690 77,539 1,512 Other revenue Goods 86,793 81,311 81,139 Products 44,336 51,214 25,068 Others(*7) 442,869 275,431 196,110 2,115,333 1,793,766 1,591,342 Goods and services transferred over time: Cellular revenue Wireless service(*2) 9,532,377 9,770,423 10,638,982 Cellular interconnection 494,267 532,156 592,755 Other(*3) 1,002,903 952,175 910,736 Fixed-line telecommunication revenue Fixed-line service 224,453 371,224 401,037 Cellular interconnection 92,396 95,865 116,070 Internet Protocol Television(*4) 1,285,831 1,171,104 1,023,997 International calls 137,902 152,918 166,901 Internet service and miscellaneous(*5) 1,062,284 905,235 938,066 Security services revenue Service(*6) 1,064,713 271,956 91,570 Commerce services revenue Commerce service 502,264 604,996 556,221 Other revenue Miscellaneous(*7) 228,979 252,142 492,336 15,628,369 15,080,194 15,928,671 ₩ 17,743,702 16,873,960 17,520,013 (*1) Cellular revenue includes revenue from sale of handsets and other electronic accessories. (*2) Wireless service includes revenue from wireless voice and data transmission services principally derived from usage charges to wireless subscribers. (*3) Other revenue includes revenue from billing and collection services as well as other miscellaneous services. (*4) IPTV service revenue includes revenue from IPTV services principally derived from usage charges to IPTV subscribers. (*5) Internet service includes revenue from the high speed broadband internet service principally derived from usage charges to subscribers as well as other miscellaneous services. (*6) Service includes revenue from rendering security services. (*7) Miscellaneous other revenue includes revenue from considerations received for the development and maintenance of system software, and digital contents platform services. |
Restricted Deposits
Restricted Deposits | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Restricted Deposits | 6. Restricted Deposits Deposits which are restricted in use as of December 31, 2019 and 2018 are summarized as follows: (In millions of won) December 31, 2019 December 31, 2018 Short-term financial instruments(*) ₩ 95,034 79,511 Long-term financial instruments(*) 988 1,218 ₩ 96,022 80,729 (*) Financial instruments include charitable trust fund established by the Group where profits from the fund are donated to charitable institutions. As of December 31, 2019, the funds cannot be withdrawn before maturity. |
Trade and Other Receivables
Trade and Other Receivables | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Trade and Other Receivables | 7. Trade and Other Receivables (1) Details of trade and other receivables as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Gross amount Loss Carrying amount Current assets: Accounts receivable — trade ₩ 2,480,419 (249,440 ) 2,230,979 Short-term loans 66,706 (583 ) 66,123 Accounts receivable — other(*) 953,815 (48,379 ) 905,436 Accrued income 3,977 (166 ) 3,811 Guarantee deposits (Other current assets) 145,041 — 145,041 3,649,958 (298,568 ) 3,351,390 Non-current Long-term loans 81,231 (47,471 ) 33,760 Long-term accounts receivable — other(*) 344,662 — 344,662 Guarantee deposits 165,033 (299 ) 164,734 Long-term accounts receivable — trade (Other non-current 16,977 (61 ) 16,916 607,903 (47,831 ) 560,072 ₩ 4,257,861 (346,399 ) 3,911,462 (*) Gross and carrying amounts of accounts receivable — other as of December 31, 2019 include ₩ 532,225 million of financial instruments classified as FVTPL. (In millions of won) December 31, 2018 Gross amount Loss allowance Carrying amount Current assets: Accounts receivable — trade ₩ 2,268,680 (260,040 ) 2,008,640 Short-term loans 59,643 (549 ) 59,094 Accounts receivable — other(*) 1,006,183 (68,346 ) 937,837 Accrued income 6,232 (166 ) 6,066 Guarantee deposits (Other current assets) 2,714 — 2,714 3,343,452 (329,101 ) 3,014,351 Non-current Long-term loans 75,860 (46,826 ) 29,034 Long-term accounts receivable — other(*) 274,053 — 274,053 Guarantee deposits 313,140 — 313,140 Long-term accounts receivable — trade (Other non-current 11,410 (117 ) 11,293 674,463 (46,943 ) 627,520 ₩ 4,017,915 (376,044 ) 3,641,871 (*) Gross and carrying amounts of accounts receivable — other as of December 31, 2018 include ₩ 489,617 million of financial instruments classified as FVTPL. (2) Changes in the loss allowance on accounts receivable — trade measured at amortized costs during the years ended December 31, 2019 and 2018 are as follows: (In millions of won) Beginning Impact of IFRS 9 Impairment Write-offs(*) Collection of written-off Business Ending Balance 2019 ₩ 260,157 — 28,841 (55,756 ) 14,772 1,487 249,501 2018 239,448 12,950 38,211 (46,616 ) 13,455 2,709 260,157 (*) The Group writes off the trade and other receivables when contractual payments are more than 5 years past due, or for reasons such as termination of operations or liquidation. (3) The Group applies the practical expedient that allows the Group to estimate the loss allowance for accounts receivable — trade at an amount equal to the lifetime expected credit losses. The expected credit losses include the forward-looking information. To make the assessment, the Group uses its historical credit loss experience over the past three years and classified the accounts receivable — trade by their credit risk characteristics and days overdue. Details of loss allowance on accounts receivable — trade as of December 31, 2019 are as follows: (In millions of won) Less than 6 months ~ 1 year 1 ~ 3 years More than Telecommunications service revenue Expected credit loss rate 1.34 % 63.33 % 85.89 % 97.49 % Gross amount ₩ 1,180,733 44,972 110,038 28,300 Loss allowance 15,822 28,481 94,509 27,589 Other revenue Expected credit loss rate 3.49 % 56.01 % 45.99 % 61.72 % Gross amount ₩ 1,052,530 5,162 20,252 55,409 Loss allowance 36,696 2,891 9,313 34,200 As the Group is a wireless and fixed-line telecommunications service provider, the Group’s financial assets measured at amortized cost primarily consist of receivables from numerous individual customers, and, therefore, no significant credit concentration risk arises. Receivables related to other revenue mainly consist of receivables from corporate customers. The Group transacts only with corporate customers with credit ratings that are considered to be low at credit risk. In addition, the Group is not exposed to significant credit concentration risk as the Group regularly assesses their credit risk by monitoring their credit rating. While the contract assets are under the impairment requirements, no significant credit risk has been identified. |
Prepaid expenses
Prepaid expenses | 12 Months Ended |
Dec. 31, 2019 | |
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Prepaid expenses | 8. Prepaid expenses The Group pays commissions to its retail stores and authorized dealers for wireless and fixed-line telecommunications services. The Group capitalized certain costs associated with commissions paid to retail stores and authorized dealers to obtain new and retained customer contracts as prepaid expenses. These prepaid expenses are amortized on a straight-line basis over the periods that the Group expects to maintain its customers. (1) Details of prepaid expenses as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Current assets: Incremental costs of obtaining contracts ₩ 1,897,233 1,577,992 Others 133,317 190,351 2,030,550 1,768,343 Non-current Incremental costs of obtaining contracts 1,152,748 799,607 Others 88,681 95,665 ₩ 1,241,429 895,272 (2) Incremental costs of obtaining contracts The amortization and impairment losses in connection with incremental costs of obtaining contracts recognized during the years ended December 31, 2019 and 2018 are as follows: (In millions of won) December 31, December 31, Amortization and impairment losses recognized ₩ 2,193,333 2,002,460 |
Contract assets and liabilities
Contract assets and liabilities | 12 Months Ended |
Dec. 31, 2019 | |
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Contract assets and liabilities | 9. Contract assets and liabilities In case of providing both wireless telecommunication services and sales of handsets, the Group allocated the consideration based on relative stand-alone selling prices and recognized unbilled receivables from handset sales as contract assets. The Group recognized receipts in advance for prepaid telecommunications services and unearned revenue for customer loyalty programs as contract liabilities. (1) Details of contract assets and liabilities as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Contract assets: Allocation of consideration between performance obligations ₩ 191,858 133,893 Contract liabilities: Wireless service contracts 20,393 18,425 Customer loyalty programs 21,945 17,113 Fixed-line service contracts 65,315 57,327 Security services 32,026 38,109 Others 83,777 52,839 ₩ 223,456 183,813 (2) The amount of revenue recognized during the year ended December 31, 2019 related to the contract liabilities carried forward from the prior period is ₩117,409 million. Details of revenue expected to be recognized from contract liabilities as of December 31, 2019 are as follows: (In millions of won) Less than 1 year 1 ~ 2 years More than 2 years Total Wireless service contracts ₩ 20,393 — — 20,393 Customer loyalty programs 17,285 3,253 1,407 21,945 Fixed-line service contracts 52,237 13,078 — 65,315 Security services 24,215 5,676 2,135 32,026 Others 77,095 1,578 5,104 83,777 ₩ 191,225 23,585 8,646 223,456 The Group has a right to consideration from a customer in an amount that corresponds directly with the value to the subscriber of the Group’s performance completed, thus, as a practical expedient, the Group recognizes revenue in the amount to which the Group has a right to invoice. |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2019 | |
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Inventories | 10. Inventories (1) Details of inventories as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Acquisition Write- Carrying Acquisition Write- Carrying Merchandise ₩ 162,485 (14,557 ) 147,928 268,366 (8,842 ) 259,524 Finished goods 4,264 (2,265 ) 1,999 1,260 (251 ) 1,009 Work in process 2,674 (539 ) 2,135 3,985 (338 ) 3,647 Raw materials 12,369 (7,967 ) 4,402 11,729 (2,706 ) 9,023 Supplies 7,112 (694 ) 6,418 14,850 — 14,850 ₩ 188,904 (26,022 ) 162,882 300,190 (12,137 ) 288,053 (2) The amount of the inventory write-downs and write-off (In millions of won) 2019 2018 2017 Charged to cost of products that have been resold ₩ 15,019 2,509 6,079 Write-off (1,101 ) (2,396 ) (2,820 ) There are no significant reversals of inventory write-downs for the periods presented. (3) Inventories recognized as operating expenses during the years ended December 31, 2019, 2018 and 2017 are ₩1,498,249 million, ₩1,411,986 million and ₩1,498,087 million respectively, which are included in the cost of goods sold. |
Investment Securities
Investment Securities | 12 Months Ended |
Dec. 31, 2019 | |
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Investment Securities | 11. Investment Securities (1) Details of short-term investment securities as of December 31, 2019 and 2018 are as follows: (In millions of won) Category December 31, 2019 December 31, 2018 Beneficiary certificates FVTPL ₩ 166,666 195,080 (2) Details of long-term investment securities as of December 31, 2019 and 2018 are as follows: (In millions of won) Category December 31, 2019 December 31, 2018 Equity instruments FVOCI(*) ₩ 710,272 542,496 FVTPL 1,011 — 711,283 542,496 Debt instruments FVOCI 4,627 2,147 FVTPL 141,305 120,083 145,932 122,230 ₩ 857,215 664,726 (*) The Group designated ₩710,272 million of investments in equity instruments that are not held for trading as financial assets at FVOCI. During the year ended December 31, 2019, the Group disposed of 6,109,000 common shares issued by Hana Financial Group Inc. in exchange for ₩221,146 million in cash. The valuation gain on financial assets at FVOCI of ₩30,073 million was reclassified from reserves to retained earnings. Also, the Group acquired 2,177,401 newly issued shares of Kakao Co., Ltd. (“Kakao”) in exchange for ₩302,321 million in cash and designated the investments as financial assets at FVOCI. In relation to this transaction, Kakao acquired 1,266,620 treasury shares of the Parent Company in exchange for ₩300,000 million in cash (See Note 23). Upon entering into the agreement, the Group recognized derivative at the fair value of the forward transaction. Upon completion of the share exchange, the Group recognized ₩28,787 million of gain from settlement of the derivatives, which is the difference between the fair value of the Parent Company’s and Kakao’s shares at the date when such share exchange was completed. The acquired shares were deposited at the Korea Securities Depository for a lock-up |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2019 | |
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Business Combinations | 12. Business Combinations (1) 2019 1) Acquisition of Incross Co., Ltd. by the Parent Company The Parent Company acquired 2,786,455 shares (or 34.6%) of Incross Co., Ltd. at ₩53,722 million in cash during the year ended December 31, 2019 in order to expand digital advertising business through the integration of the Group’s technological capabilities. Although the Parent Company owns less than 50% of the investee, the management has determined that the Parent Company controls Incross Co., Ltd. considering the level of dispersion of remaining voting rights and voting patterns at previous shareholders’ meetings, and the fact that the Parent Company has a right to appoint the majority of the members of board of directors by the virtue of an agreement with the investee’s other shareholders. Incross Co., Ltd. reported ₩19,787 million of revenue and ₩5,756 million of profit since the Group obtained control. (i) Summary of the acquiree Information of Acquiree Corporate name Incross Co., Ltd. Location 5 th Nambusunhwan-ro, Gwanak-gu, CEO Lee, Jae-won Industry Media representative business (ii) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Cash and cash equivalents ₩ 53,722 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 17,400 Short-term financial instruments 24,941 Trade and other receivables 67,259 Property and equipment 2,411 Intangible assets 2,709 Other assets 9,254 Trade and other payables (57,309 ) Other liabilities (1,984 ) 64,681 III. Non-controlling 40,592 IV. Goodwill(I - II+III) ₩ 29,633 (2) 2018 1) Acquisition of id Quantique SA by the Parent Company As of April 30, 2018, the Parent Company acquired additional 41,157,506 shares in exchange of ₩55,249 million in cash, which resulted in the Parent Company’s obtaining control over id Quantique SA with 44,157,506 shares and 58.1% ownership of the outstanding shares, in aggregate. Taking control of id Quantique SA will enable the Parent Company to increase its corporate value as the leading mobile telecommunication operator in Korea and to generate profit in overseas markets by utilizing quantum cryptographic technologies. In addition, the Parent Company acquired additional 16,666,666 shares in exchange for assets amounting to ₩5,672 million resulting in the increase of the ownership to 65.6%. id Quantique SA has recognized ₩9,935 million in revenue and ₩5,220 million in net losses since the Group obtained control. Meanwhile, the existing shares were reclassified into the investment in a subsidiary from the FVOCI equity instrument with the valuation gain on FVOCI equity instrument of ₩1,636 million reclassified into the retained earnings . (i) Summary of the acquiree Information of Acquiree Corporate name id Quantique SA Location 3, CHEMIN DE LA MARBRERIE, 1227 CAROUGE, SWITZERLAND CEO Gregoire Ribordy Industry Quantum information and communications industry (ii) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Cash and cash equivalents ₩ 55,249 Existing shares(financial assets at FVOCI) at fair value 3,965 59,214 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 1,538 Trade and other receivables 13,609 Inventories 2,003 Property and equipment 415 Intangible assets 7,566 Other assets 447 Trade and other payables (1,569 ) Other liabilities (2,880 ) 21,129 III. Non-controlling 9,290 IV. Goodwill(I - II+III) ₩ 47,375 2) Acquisition of Life & Security Holdings Co., Ltd. by the Parent Company As of October 1, 2018, the Parent Company obtained control by acquiring 55% ownership of Life & Security Holdings Co., Ltd which owns 100% ownership of ADT CAPS Co., Ltd. in order to strengthen the security business and expand residential customer base. The consideration for the business combination was ₩696,665 million in cash, and the difference between the fair value of net assets acquired and the consideration paid amounting to ₩1,155,037 million was recognized as goodwill. Subsequent to the acquisition, Life & Security Holdings Co., Ltd. recognized revenue of ₩197,487 million, and net profit of ₩6,038 million. In addition, assuming that the business combination occurred at the beginning of the reporting period, the Group would have additionally recognized revenue of ₩763,375 million , (i) Summary of the acquiree Information of Acquiree Corporate name Life & Security Holdings Co., Ltd. Location 323, Incheon tower-daero, Yeonsu-gu, CEO Choi, Jin-hwan Industry Holding company of subsidiaries in security business (ii) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Cash and cash equivalents ₩ 696,665 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 101,896 Trade and other receivables 40,241 Inventories 2,440 Property and equipment 427,752 Intangible assets 1,019,503 Other assets 3,956 Trade and other payables (296,660 ) Borrowings (1,744,839 ) Deferred tax liabilities (229,207 ) Other liabilities (158,042 ) (832,960 ) III. Non-controlling (374,588 ) IV. Goodwill(I—II+III) ₩ 1,155,037 3) Business combination under common control: Acquisition of SK Infosec Co., Ltd. The Group acquired 100% ownership of SK Infosec Co., Ltd. from SK Holdings Co., Ltd., the ultimate controlling entity of the Parent Company, in order to create synergy in the security business and increase corporate value. As this transaction is a business combination under common control, the acquired assets and liabilities were recognized at the carrying amounts in the ultimate controlling entity’s consolidated financial statements. Considerations transferred and assets and liabilities recognized at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Treasury shares of the Parent Company(*) ₩ 281,151 II. Assets and liabilities acquired: Cash and cash equivalents 30,762 Trade and other receivables 62,448 Inventories 1,293 Property and equipment 8,047 Intangible assets 5,528 Other assets 79,951 Trade and other payables (38,431 ) Other liabilities (20,003 ) 129,595 III. Deduction of capital surplus and others (I — II) ₩ 151,556 (*) The Parent Company provided 1,260,668 shares of its treasury shares as considerations, and the fair value of the considerations was ₩335,338 million at the transfer date. In addition, assuming that the business combination occurred at the beginning of the reporting period, the Group would have additionally recognized revenue of ₩172,905 million and net profit of ₩19,512 million. 4) Business combination under common control: Acquisition of Device business unit by SK Telink Co., Ltd. During the year ended December 31, 2018, SK Telink Co., Ltd., the subsidiary owned by the Parent Company, acquired a device business in exchange of ₩4,450 million in cash from SK Holdings Co., Ltd., the ultimate controlling entity of the Parent Company. As this transaction is a business combination under common control, the difference between the consideration and carrying amount of net assets amounting to ₩1,018 million was deducted from capital surplus and others. (3) 2017 1) Acquisition of S.M. LIFE DESIGN COMPANY JAPAN INC. by DREAMUS COMPANY (formerly, IRIVER LIMITED) On September 1, 2017, DREAMUS COMPANY (formerly, IRIVER LIMITED), a subsidiary of the Parent Company, acquired all of the S.M. LIFE DESIGN COMPANY JAPAN INC.’s shares from S.M. ENTERTAINMENT JAPAN, Inc. in order to enter overseas business and enhance its competitiveness. The consideration was ₩30,000 million in cash, and the difference between the fair value of net assets acquired and the consideration paid amounting to ₩21,748 million was recognized as goodwill. Subsequent to the acquisition, S.M. LIFE DESIGN COMPANY JAPAN INC. recognized revenue of ₩6,365 million, which resulted in the net profit of ₩1,244 million in 2017. 2) Merger of SM mobile communications Co., Ltd. by DREAMUS COMPANY (formerly, IRIVER LIMITED) On October 1, 2017, DREAMUS COMPANY (formerly, IRIVER LIMITED) merged SM mobile communications Co., Ltd. in order to enter contents business and enhance competitiveness of its device business. As a result of merger, DREAMUS COMPANY (formerly, IRIVER LIMITED) obtained control over S.M. Mobile Communications JAPAN Inc. which was wholly owned by SM mobile communications Co., Ltd. The consideration transferred was measured at the fair value of the shares transferred based on the merger ratio set on October 1, 2017. The Group recognized the difference between the fair value of net assets acquired and the consideration paid amounting to ₩13,473 million as goodwill. Subsequent to the consummation of the merger, S.M. Mobile Communications JAPAN Inc. recognized no revenue with ₩103 million of net loss in 2017. 3) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) S.M. LIFE DESIGN S.M. Mobile Communications JAPAN Inc. I. Considerations transferred: Cash and cash equivalents ₩ 30,000 — Shares of DREAMUS COMPANY — 24,650 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents ₩ 3,434 4,112 Trade and other receivables 1,471 237 Inventories 1,879 — Property and equipment 4 311 Intangible assets 6,677 7,445 Other assets — 41 Trade and other payables (2,563 ) (815 ) Deferred tax liabilities (2,324 ) — Other liabilities (326 ) (154 ) ₩ 8,252 11,177 |
Investments in Associates and J
Investments in Associates and Joint Ventures | 12 Months Ended |
Dec. 31, 2019 | |
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Investments in Associates and Joint Ventures | 13. Investments in Associates and Joint Ventures (1) Investments in associates and joint ventures accounted for using the equity method as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 (In millions of won) Country Ownership (%) Carrying Ownership Carrying Investments in associates: SK China Company Ltd. China 27.3 ₩ 568,459 27.3 ₩ 551,548 Korea IT Fund(*1) Korea 63.3 311,552 63.3 281,684 KEB HanaCard Co., Ltd.(*2) Korea 15.0 294,756 15.0 288,457 SK Telecom CS T1 Co., Ltd.(*1,3) Korea 54.9 60,305 — — NanoEnTek, Inc. Korea 28.6 42,127 28.9 40,974 UniSK China 49.0 14,342 49.0 13,486 SK Technology Innovation Company Cayman 49.0 43,997 49.0 42,469 SK MENA Investment B.V. Netherlands 32.1 14,904 32.1 14,420 SK hynix Inc. Korea 20.1 11,425,325 20.1 11,208,315 SK Latin America Investment S.A. Spain 32.1 13,698 32.1 13,313 Grab Geo Holdings PTE. LTD.(*4) Singapore 30.0 31,269 — — SK South East Asia Investment Pte. Ltd.(Formerly, SE ASIA INVESTMENT PTE. LTD.)(*5) Singapore 20.0 250,034 20.0 111,000 Pacific Telecom Inc.(*2) USA 15.0 40,016 15.0 37,075 S.M. Culture & Contents Co., Ltd. Korea 23.4 63,469 23.4 63,801 Content Wavve Co., Ltd.(*6) Korea 30.0 83,640 — — Hello Nature., Ltd. Korea 49.9 13,620 49.9 28,549 Health Connect Co., Ltd. and others — — 65,343 — 96,522 13,336,856 12,791,613 Investments in joint ventures: Dogus Planet, Inc.(*7) Turkey 50.0 15,921 50.0 12,487 Finnq Co., Ltd.(*7,8) Korea 49.0 22,880 49.0 7,671 NEXTGEN BROADCAST SERVICES CO, LLC(*7,9) USA 50.0 7,961 — — NEXTGEN ORCHESTRATION, LLC(*7,10) USA 50.0 1,646 — — Celcom Planet(*11) Malaysia — — 44.7 — 48,408 20,158 ₩ 13,385,264 ₩ 12,811,771 (*1) Investments in Korea IT Fund and SK Telecom CS T1 Co., Ltd. were classified as investment in associates as the Group does not have control over the investee under the contractual agreement with other shareholders. (*2) These investments were classified as investments in associates as the Group can exercise significant influence through its right to appoint the members of board of directors even though the Group has less than 20% of equity interests. (*3) SK Telecom CS T1 Co., Ltd. was newly established during the year ended December 31, 2019. The Group contributed its e-sports (*4) The Group jointly established Grab Geo Holdings PTE. LTD. by investing ₩11,201 million in cash and by contributing ₩19,039 million in kind during the year ended December 31, 2019. (*5) The Group contributed ₩113,470 million in cash during the year ended December 31, 2019. (*6) The Group newly invested ₩90,858 million in cash during the year ended December 31, 2019. (*7) These investments were classified as investment in joint ventures as the Group has a joint control pursuant to the agreement with the other shareholders. (*8) The Group contributed ₩24,500 million in cash during the year ended December 31, 2019. (*9) The Group newly invested ₩8,160 million in cash during the year ended December 31, 2019. (*10) The Group newly invested ₩1,748 million in cash during the year ended December 31, 2019. (*11) Investment in Celcom Planet was disposed during the year ended December 31, 2019. (2) The market value of investments in listed associates as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 (In millions of won, except for share data) Market price (in won) Number of Market value Market price (in won) Number of Market value NanoEnTek, Inc. ₩ 5,620 7,600,649 42,716 4,235 7,600,649 32,189 SK hynix Inc. 94,100 146,100,000 13,748,010 60,500 146,100,000 8,839,050 S.M. Culture & Contents Co., Ltd. 1,530 22,033,898 33,712 2,020 22,033,898 44,508 (3) The condensed financial information of significant associates as of and for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) SK hynix KEB HanaCard Korea IT SK China As of December 31, 2019 Current assets ₩ 14,457,602 7,974,407 113,233 615,028 Non-current 50,331,892 207,284 378,691 1,442,748 Current liabilities 7,874,033 1,015,657 — 59,395 Non-current 8,972,266 5,537,850 — 215,354 2019 Revenue 26,990,733 1,236,678 70,565 116,269 Profit for the year 2,016,391 56,281 53,867 23,474 Other comprehensive income (loss) 94,023 (4,458 ) 6,132 (15,093 ) Total comprehensive income 2,110,414 51,823 59,999 8,381 (*) The financial information of SK hynix Inc., KEB HanaCard Co., Ltd., and SK China Company Ltd. are consolidated financial information. (In millions of won) SK hynix Inc.(*) KEB HanaCard Korea IT Fund SK China Company As of December 31, 2018 Current assets ₩ 19,894,146 7,781,888 118,024 677,686 Non-current 43,764,189 202,251 326,740 1,221,736 Current liabilities 13,031,852 1,122,538 — 71,396 Non-current 3,774,152 5,286,179 — 117,094 2018 Revenue 40,445,066 1,642,133 57,430 117,132 Profit for the year 15,539,984 106,675 45,110 30,274 Other comprehensive loss (67,219 ) (4,344 ) (13,422 ) (16,149 ) Total comprehensive income 15,472,765 102,331 31,688 14,125 (*) The financial information of SK hynix Inc., KEB HanaCard Co., Ltd., and SK China Company Ltd. are consolidated financial information. (In millions of won) SK hynix Inc.(*) KEB HanaCard Korea IT Fund SK China Company As of December 31, 2017 Current assets ₩ 17,310,444 7,339,492 144,874 729,872 Non-current 28,108,020 220,258 260,920 1,031,647 Current liabilities 8,116,133 1,181,746 — 81,161 Non-current 3,481,412 4,861,842 — 64,717 2017 Revenue 30,109,434 1,519,607 11,743 69,420 Profit for the year 10,642,219 106,352 1,916 11,492 Other comprehensive income (loss) (422,042 ) (984 ) 4,108 27,190 Total comprehensive income 10,220,177 105,368 6,024 38,682 (*) The financial information of SK hynix Inc., KEB HanaCard Co., Ltd., and SK China Company Ltd. are consolidated financial information. (4) The condensed financial information of joint ventures as of and for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) Dogus Planet, Inc. Finnq Co., Ltd. As of December 31, 2019 Current assets ₩ 59,632 42,995 Cash and cash equivalents 13,422 40,619 Non-current 25,247 11,389 Current liabilities 52,238 6,756 Accounts payable, other payables and provisions 35,459 5,062 Non-current 800 1,099 2019 Revenue 136,777 1,968 Depreciation and amortization (5,487 ) (4,769 ) Interest income 1,455 12 Interest expense (92 ) (198 ) Profit (Loss) for the year 9,294 (17,079 ) Total comprehensive income (loss) 9,294 (17,361 ) (In millions of won) Dogus Planet, Inc. Finnq Co., Ltd. As of December 31, 2018 Current assets ₩ 43,127 11,985 Cash and cash equivalents 42,416 10,434 Non-current 20,239 15,435 Current liabilities 37,105 5,070 Accounts payable, other payables and provisions 28,432 87 Non-current 1,287 7,579 2018 Revenue 99,770 232 Depreciation and amortization (5,427 ) (3,490 ) Interest income 1,635 5 Interest expense — (301 ) Profit (Loss) for the year 642 (17,995 ) Total comprehensive income (loss) 642 (18,166 ) (In millions of won) Dogus Planet, Inc. Finnq Co., Ltd. As of December 31, 2017 Current assets ₩ 39,656 32,232 Cash and cash equivalents 25,818 4,590 Non-current 21,159 15,610 Current liabilities 32,622 5,685 Accounts payable, other payables and provisions 2,743 2,290 Non-current 212 13,862 (In millions of won) 2017 Revenue 82,791 — Depreciation and amortization (6,152 ) (1,077 ) Interest income 781 532 Interest expense (4 ) (276 ) Loss for the year (4,535 ) (15,699 ) Total comprehensive loss (4,535 ) (15,699 ) (5) Reconciliations of financial information of significant associates to carrying amounts of investments in associates in the consolidated financial statements as of December 31, 2019 and 2018 are as follows: December 31, 2019 (In millions of won) Net assets Ownership Net assets Cost-book Carrying SK hynix Inc.(*1,2) ₩ 47,928,415 20.1 10,237,314 1,188,011 11,425,325 KEB HanaCard Co., Ltd. 1,628,184 15.0 244,228 50,528 294,756 Korea IT Fund 491,924 63.3 311,552 — 311,552 SK China Company Ltd.(*1) 1,772,419 27.3 483,360 85,099 568,459 (In millions of won) December 31, 2018 Net assets Ownership Net assets Cost-book Carrying SK hynix Inc.(*1,2) ₩ 46,843,742 20.1 10,005,624 1,202,691 11,208,315 KEB HanaCard Co., Ltd. 1,575,422 15.0 236,313 52,144 288,457 Korea IT Fund 444,764 63.3 281,684 — 281,684 SK China Company Ltd.(*1) 1,708,612 27.3 465,959 85,589 551,548 (*1) Net assets of these entities represent net assets excluding those attributable to their non-controlling (*2) The ownership interest is based on the number of shares owned by the Parent Company divided by the total shares issued by the investee company. The Group applied the equity method using the effective ownership interest which is based on the number of shares owned by the Parent Company and the investee’s total shares outstanding. The effective ownership interest applied for the equity method is 21.36% for 2019 and 2018. (6) Details of the changes in investments in associates and joint ventures accounted for using the equity method for the years ended December 31, 2019 and 2018 are as follows: 2019 (In millions of won) Beginning Acquisition Share of Other Other Ending Investments in associates: SK China Company Ltd. ₩ 551,548 — 4,916 11,995 — 568,459 Korea IT Fund(*1) 281,684 — 34,116 3,884 (8,132 ) 311,552 KEB HanaCard Co., Ltd. 288,457 — 6,827 (528 ) — 294,756 SK Telecom CS T1 Co., Ltd. — 60,305 — — — 60,305 NanoEnTek, Inc. 40,974 (43 ) 1,220 (24 ) — 42,127 UniSK(*1) 13,486 — 728 347 (219 ) 14,342 SK Technology Innovation Company 42,469 — 89 1,439 — 43,997 SK MENA Investment B.V. 14,420 — 4 480 — 14,904 SK hynix Inc.(*1) 11,208,315 — 416,168 20,008 (219,166 ) 11,425,325 SK Latin America Investment S.A. 13,313 — 74 311 — 13,698 Grab Geo Holdings PTE. LTD. — 30,518 (17 ) 768 — 31,269 SK South East Asia Investment Pte. Ltd. (Formerly, SE ASIA INVESTMENT PTE. LTD.) 111,000 113,470 6,062 19,502 — 250,034 Pacific Telecom Inc. 37,075 — 2,689 252 — 40,016 S.M. Culture & Contents Co., Ltd. 63,801 — 464 (796 ) — 63,469 Content Wavve Co., Ltd. — 90,858 (7,218 ) — — 83,640 Hello Nature Ltd.(*2) 28,549 — (6,580 ) (16 ) (8,333 ) 13,620 Health Connect Co., Ltd. and 96,522 7,444 (17,142 ) 3,101 (24,582 ) 65,343 12,791,613 302,552 442,400 60,723 (260,432 ) 13,336,856 Investments in joint ventures: Dogus Planet, Inc. 12,487 (81 ) 4,628 (1,113 ) — 15,921 Finnq Co., Ltd. 7,671 24,500 (8,441 ) (850 ) — 22,880 NEXTGEN BROADCAST SERVICES CO, LLC — 8,160 (144 ) — (55 ) 7,961 NEXTGEN ORCHESTRATION, LLC — 1,748 (91 ) — (11 ) 1,646 Celcom Planet(*4) — 6,141 (6,141 ) — — — 20,158 40,468 (10,189 ) (1,963 ) (66 ) 48,408 ₩ 12,811,771 343,020 432,211 58,760 (260,498 ) 13,385,264 (*1) Dividends received from the associates are deducted from the carrying amount during the year ended December 31, 2019. (*2) The Group recognized ₩8,333 million of impairment loss for the investments in Hello Nature Ltd. during the year ended December 31, 2019. (*3) The acquisition for the year ended December 31, 2019 includes ₩6,800 million of cash investments in Carrot Co., Ltd. Other increase (decrease) includes the changes in book value due to the reclassification of FSK L&S Co., Ltd. as investments in subsidiary from investments in associates. (*4) Investments in Celcom Planet was disposed during the 2018 (In millions of won) Beginning Acquisition Share of Other Other Ending Investments in associates: SK China Company Ltd. ₩ 526,099 — 7,618 17,831 — 551,548 Korea IT Fund(*) 257,003 — 38,099 (9,919 ) (3,499 ) 281,684 KEB HanaCard Co., Ltd. 280,988 — 14,581 (7,112 ) — 288,457 NanoEnTek, Inc. 38,718 3,180 (116 ) (808 ) — 40,974 SK Technology Innovation Company 42,511 — (1,880 ) 1,838 — 42,469 HappyNarae Co., Ltd. 21,873 (29,325 ) 7,479 (27 ) — — SK hynix Inc.(*) 8,130,000 — 3,238,054 (13,639 ) (146,100 ) 11,208,315 SK MENA Investment B.V. 13,853 — (24 ) 591 — 14,420 S.M. Culture & Contents Co., Ltd. 64,966 — (909 ) (256 ) — 63,801 Xian Tianlong Science and Technology Co., Ltd. 25,891 (25,553 ) (338 ) — — — Hello Nature Ltd. — — (959 ) — 29,508 28,549 12CM Japan, Inc. — 7,697 (43 ) 80 — 7,734 MAKEUS Corp. — 9,773 (574 ) — (6 ) 9,193 SK South East Asia Investment Pte. Ltd. (Formerly, SE ASIA INVESTMENT PTE. LTD.) — 111,000 — — — 111,000 Pacific Telecom Inc. — 36,487 473 115 — 37,075 Health Connect Co., Ltd. and others(*) 96,479 22,902 (6,474 ) 197 (6,710 ) 106,394 9,498,381 136,161 3,294,987 (11,109 ) (126,807 ) 12,791,613 Investments in joint ventures: Dogus Planet, Inc. 13,991 1,537 563 (3,604 ) — 12,487 Finnq Co., Ltd. 16,474 — (8,728 ) (75 ) — 7,671 12CM GLOBAL PTE. LTD. 9,592 (9,631 ) 42 (3 ) — — Celcom Planet — 12,932 (12,932 ) — — — 40,057 4,838 (21,055 ) (3,682 ) — 20,158 ₩ 9,538,438 140,999 3,273,932 (14,791 ) (126,807 ) 12,811,771 (*) Dividends received from the associates are deducted from the carrying amount during the year ended December 31, 2018. (7) The Group discontinued the application of equity method to the following investees due to their carrying amounts being reduced to zero. The details of cumulative unrecognized equity method losses as of December 31, 2019 are as follows: Unrecognized loss Unrecognized change in equity (In millions of won) 2019 Cumulative loss 2019 Cumulative loss Wave City Development Co., Ltd. ₩ (2,164 ) 4,370 — — Daehan Kanggun BcN Co., Ltd. and others (4,758 ) 10,652 (503 ) (138 ) ₩ (6,922 ) 15,022 (503 ) (138 ) |
Property and Equipment
Property and Equipment | 12 Months Ended |
Dec. 31, 2019 | |
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Property and Equipment | 14. Property and Equipment (1) Property and equipment as of December 31, 2019 and 2018 are as follows: December 31, 2019 (In millions of won) Acquisition cost Accumulated Accumulated Carrying amount Land ₩ 981,389 — — 981,389 Buildings 1,715,619 (847,761 ) (450 ) 867,408 Structures 910,049 (561,379 ) (1,601 ) 347,069 Machinery 34,173,584 (26,198,631 ) (33,742 ) 7,941,211 Other 2,084,463 (1,349,039 ) (3,125 ) 732,299 Right-of-use 1,000,491 (291,095 ) — 709,396 Construction in progress 755,508 — — 755,508 ₩ 41,621,103 (29,247,905 ) (38,918 ) 12,334,280 (In millions of won) December 31, 2018 Acquisition cost Accumulated Accumulated Carrying amount Land ₩ 938,344 — — 938,344 Buildings 1,670,486 (807,192 ) — 863,294 Structures 883,032 (525,537 ) (1,456 ) 356,039 Machinery 32,096,543 (24,922,091 ) (27,728 ) 7,146,724 Other 2,182,960 (1,331,971 ) (2,393 ) 848,596 Construction in progress 565,357 — — 565,357 ₩ 38,336,722 (27,586,791 ) (31,577 ) 10,718,354 (2) Changes in property and equipment for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 Beginning Impact of IFRS 16 Acquisition Disposal Transfer Depreciation Impairment(*1) Business Disposal of Ending Land ₩ 938,344 — 3,297 (275 ) 39,454 — — 569 — 981,389 Buildings 863,294 — 8,117 (2,886 ) 52,775 (54,100 ) (450 ) 658 — 867,408 Structures 356,039 — 18,246 (48 ) 10,582 (36,149 ) (1,601 ) — — 347,069 Machinery 7,146,724 — 821,576 (25,791 ) 2,351,614 (2,319,634 ) (33,278 ) — — 7,941,211 Other 848,596 (1,113 ) 1,443,327 (5,816 ) (1,353,999 ) (199,106 ) (147 ) 557 — 732,299 Right-of-use assets — 654,449 618,811 (204,241 ) — (360,606 ) — 1,080 (97 ) 709,396 Construction in progress 565,357 — 1,515,617 (22,338 ) (1,303,128 ) — — — — 755,508 ₩ 10,718,354 653,336 4,428,991 (261,395 ) (202,702 ) (2,969,595 ) (35,476 ) 2,864 (97 ) 12,334,280 (*1) The Group recognized impairment losses for obsolete assets during the year ended December 31, 2019. (*2) Includes assets from the Parent Company’s acquisitions of FSK L&S Co., Ltd. and Incross Co., Ltd. (In millions of won) 2018 Beginning Acquisition Disposal Transfer Depreciation Impairment(*1) Business Disposal of Ending Land ₩ 862,861 4,734 (7,151 ) 15,062 — — 62,838 — 938,344 Buildings 882,650 5,858 (4,313 ) 25,249 (52,153 ) — 6,003 — 863,294 Structures 378,575 9,188 (36 ) 5,859 (36,091 ) (1,456 ) — — 356,039 Machinery 7,079,798 806,520 (74,465 ) 1,347,320 (2,214,957 ) (27,264 ) 229,772 — 7,146,724 Other 531,057 892,103 (7,408 ) (539,068 ) (148,223 ) — 123,214 (3,079 ) 848,596 Construction in progress 409,941 1,223,410 (3,906 ) (1,078,539 ) — — 14,451 — 565,357 ₩ 10,144,882 2,941,813 (97,279 ) (224,117 ) (2,451,424 ) (28,720 ) 436,278 (3,079 ) 10,718,354 (*1) The Group recognized impairment losses for obsolete assets during the year ended December 31, 2018. (*2) Includes assets from the Parent Company’s acquisitions of id Quantique SA, Life & Security Holdings Co., Ltd. and SK Infosec Co., Ltd. (3) Details of the right-of-use (In millions of won) December 31, January 1, Buildings, Land and Structures ₩ 584,523 512,698 Other 124,873 141,751 ₩ 709,396 654,449 |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2019 | |
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Goodwill | 15. Goodwill (1) Goodwill as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, December 31, Goodwill related to merger of Shinsegi Telecom, Inc. ₩ 1,306,236 1,306,236 Goodwill related to acquisition of SK Broadband Co., Ltd. 358,443 358,443 Goodwill related to acquisition of Life & Security Holdings Co., Ltd. 1,155,037 1,155,037 Other goodwill 129,814 118,847 ₩ 2,949,530 2,938,563 (2) Details of the impairment testing of Goodwill as of December 31, 2019 is as follows: Goodwill is allocated to the following CGUs for the purpose of impairment testing. • goodwill related to Shinsegi Telecom, Inc.(*1): Cellular services; • goodwill related to SK Broadband Co., Ltd.(*2): Fixed-line telecommunications services; • goodwill related to Life & Security Holdings Co., Ltd.(*3): Security services; and • other goodwill: Commerce, Information security services, and other. (*1) Goodwill related to acquisition of Shinsegi Telecom, Inc. The recoverable amount of the CGU is based on its value in use calculated by applying the annual discount rate of 4.9% to the estimated future cash flows based on financial budgets for the next five years. An annual growth rate of (-)0.6% was applied for the cash flows expected to be incurred after five years and is not expected to exceed the long-term wireless telecommunication industry growth rate. Management of the Group does not expect the total carrying amount of the CGU will exceed the total recoverable amount due to reasonably possible changes from the major assumptions used to estimate the recoverable amount. (*2) Goodwill related to acquisition of SK Broadband Co., Ltd. The recoverable amount of the CGU is based on its value in use calculated by applying the annual discount rate of 5.0% to the estimated future cash flows based on financial budgets for the next five years. An annual growth rate of 1.0% was applied for the cash flows expected to be incurred after five years and is not expected to exceed the long-term fixed-line telecommunication industry growth rate. Management of the Group does not expect the total carrying amount of the CGU will exceed the total recoverable amount due to reasonably possible changes from the major assumptions used to estimate the recoverable amount. (*3) Goodwill related to acquisition of Life & Security Holdings Co., Ltd. The recoverable amount of the CGU is based on its value in use, which is developed based using key assumptions including estimated revenue growth rates, labor costs, annual growth rate applied for the cash flows expected to be incurred after five years (“perpetual growth rate”), and discount rate. The discount rate applied for future cash flows based on financial budgets for the next five years is 7.29%. The estimated revenue growth rates and labor costs are based on past performance, business plans and its expectation of future market changes. In addition, an annual growth rate of 1.0% was applied for the cash flows expected to be incurred after five years and does not exceed the long-term growth rate in the security service industry. The recoverable amount of the CGU exceeds the carrying amount by ₩11,276 million. Management has identified that reasonably possible changes in two significant assumptions could cause the carrying amount to exceed the recoverable amount. The following table shows the amount by which these two assumptions would need to be changed to individually for the estimated recoverable amount of the CGU to be equal to the carrying amount. 2019 Annual discount rate 7.31 % Annual growth rate applied for the cash flows expected to be incurred after five years 0.97 % (3) Details of the changes in goodwill for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 2018 Beginning balance ₩ 2,938,563 1,915,017 Acquisition 30,962 1,206,702 Disposal — (807 ) Impairment loss(*1,2) (21,065 ) (166,838 ) Other 1,070 (15,511 ) Ending balance ₩ 2,949,530 2,938,563 (*1) Goodwill related to LIFE DESIGN COMPANY Inc. of DREAMUS COMPANY (formerly, IRIVER LIMITED). The recoverable amount of the CGU is based on its value in use calculated by applying the annual discount rate of 10.1% to the estimated future cash flows based on financial budgets for the next five years. The cash flows expected to occur in the period exceeding five years were assumed to increase by 0.0% which is expected to be less than the long-term growth rate of Celebrity MD industry. As a result of the impairment test, the carrying amount of the CGU exceeded the recoverable amount, thus the Group recognized ₩20,594 million of impairment loss. (*2) Goodwill related to Syrup Ad of Incross Co., Ltd. The recoverable amount of the CGU is based on its value in use calculated by applying the annual discount rate of 13.6% to the estimated future cash flows based on financial budgets for the next five years. An annual growth rate of 0.0% was applied for the cash flows expected to be incurred after five years and is not expected to exceed the long-term advertising industry growth rate. As a result of the impairment test, the carrying amount of the CGU exceeded the recoverable amount, thus the Group recognized ₩471 million of impairment loss. As of December 31, 2019, 2018 and 2017, accumulated impairment losses are ₩85,245 million, ₩217,548 million and ₩50,710 million, respectively. |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2019 | |
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Intangible Assets | 16. Intangible Assets (1) Intangible assets as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Acquisition cost Accumulated Accumulated Carrying Frequency usage rights ₩ 6,210,882 (3,563,381 ) — 2,647,501 Land usage rights 53,265 (45,916 ) — 7,349 Industrial rights 110,380 (43,522 ) (34 ) 66,824 Development costs 63,840 (50,127 ) (2,567 ) 11,146 Facility usage rights 157,664 (131,832 ) — 25,832 Customer relations 607,435 (16,064 ) — 591,371 Club memberships(*1) 112,571 — (32,161 ) 80,410 Brands(*1) 374,096 — — 374,096 Other(*2) 4,397,319 (3,313,263 ) (22,493 ) 1,061,563 ₩ 12,087,452 (7,164,105 ) (57,255 ) 4,866,092 (In millions of won) December 31, 2018 Acquisition cost Accumulated Accumulated Carrying Frequency usage rights ₩ 6,210,882 (3,070,904 ) — 3,139,978 Land usage rights 65,974 (55,463 ) — 10,511 Industrial rights 163,983 (50,640 ) (29,716 ) 83,627 Development costs 54,941 (44,304 ) (1,647 ) 8,990 Facility usage rights 155,470 (124,443 ) — 31,027 Customer relations 643,421 (18,330 ) — 625,091 Club memberships(*1) 114,650 — (34,175 ) 80,475 Brands(*1) 374,096 — — 374,096 Other(*2) 4,256,377 (3,058,022 ) (38,640 ) 1,159,715 ₩ 12,039,794 (6,422,106 ) (104,178 ) 5,513,510 (*1) Club memberships and Brands are classified as intangible assets with indefinite useful life and are not amortized. (*2) Other intangible assets primarily consist of computer software and others. (2) Details of the changes in intangible assets for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 Beginning Impact of adopting IFRS 16 Acquisition Disposal Transfer Amortization Impairment(*1) Business Disposal of Ending Frequency usage rights ₩ 3,139,978 — — — — (492,477 ) — — — 2,647,501 Land usage rights 10,511 — 2,017 (442 ) — (4,737 ) — — — 7,349 Industrial rights 83,627 — 1,409 (1,540 ) 2,491 (4,696 ) — 158 (14,625 ) 66,824 Development costs 8,990 — 2,218 — 1,468 (5,359 ) (961 ) 4,790 — 11,146 Facility usage rights 31,027 — 2,093 (25 ) 236 (7,499 ) — — — 25,832 Customer relations 625,091 — 250 (367 ) 304 (33,907 ) — — — 591,371 Club memberships 80,475 — 2,437 (1,574 ) (1,200 ) — (916 ) 1,188 — 80,410 Brands(*3) 374,096 — — — — — — — — 374,096 Other 1,159,715 (2,274 ) 134,911 (5,154 ) 209,322 (417,571 ) (7,517 ) 1,100 (10,969 ) 1,061,563 ₩ 5,513,510 (2,274 ) 145,335 (9,102 ) 212,621 (966,246 ) (9,394 ) 7,236 (25,594 ) 4,866,092 (*1) The Group recognized the difference between recoverable amount and the carrying amount of intangible assets amounting to ₩9,394 million as impairment loss for the year ended December 31, 2019. (*2) Includes assets from the Parent Company’s acquisitions of FSK L&S Co., Ltd. and Incross Co., Ltd. (*3) Brands are recognized in connection with the acquisition of Life & Security Holdings Co., Ltd. and are tested for impairment by comparing the recoverable amounts of CGU to the carrying amounts. (See note 15) (In millions of won) 2018 Beginning Acquisition Disposal Transfer Amortization Impairment(*1) Business Ending Frequency usage rights ₩ 2,176,940 1,366,926 — — (403,888 ) — — 3,139,978 Land usage rights 15,750 2,918 (1,142 ) 406 (7,421 ) — — 10,511 Industrial rights 111,347 6,694 (1,598 ) 5,254 (7,418 ) (30,748 ) 96 83,627 Development costs 4,103 4,250 — (6 ) (1,866 ) (118 ) 2,627 8,990 Facility usage rights 36,451 2,223 (39 ) 101 (7,709 ) — — 31,027 Customer relations 4,035 213 — 149 (9,541 ) — 630,235 625,091 Club memberships 73,614 6,719 (2,950 ) (7 ) — (173 ) 3,272 80,475 Brands(*3) — — — — — — 374,096 374,096 Other 1,164,725 126,164 (9,181 ) 277,504 (395,072 ) (29,242 ) 24,817 1,159,715 ₩ 3,586,965 1,516,107 (14,910 ) 283,401 (832,915 ) (60,281 ) 1,035,143 5,513,510 (*1) The Group recognized the difference between recoverable amount and the carrying amount of intangible assets amounting to ₩60,281 million as impairment loss for the year ended December 31, 2018. (*2) Includes assets from the Parent Company’s acquisitions of id Quantique SA, Life & Security Holdings Co., Ltd. and SK Infosec Co., Ltd. (*3) Brands are recognized in connection with the acquisition of Life & Security Holdings Co., Ltd. (3) Research and development expenditures recognized as expense for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Research and development costs expensed as incurred ₩ 391,327 387,675 395,276 (4) Details of frequency usage rights as of December 31, 2019 are as follows: (In millions of won) Amount Description Commencement Completion of 800MHz license ₩ 60,816 CDMA and LTE service Jul. 2011 Jun. 2021 1.8GHz license 251,240 LTE service Sept. 2013 Dec. 2021 2.6GHz license 849,930 LTE service Sept. 2016 Dec. 2026 2.1GHz license 208,918 W-CDMA Dec. 2016 Dec. 2021 3.5GHz license(*) 1,073,914 5G service Apr. 2019 Nov. 2028 28GHz license(*) 202,683 5G service — Nov. 2023 ₩ 2,647,501 (*) The Group participated in the frequency license allocation auction hosted by Ministry of Science and Information and Communication Technology(ICT) and was assigned the 3.5GHz and 28GHz bands of frequency licenses during the year ended December 31, 2018. The considerations payable for the bands of frequency are ₩1,218,500 million and ₩207,300 million, respectively. These bands of frequency were assigned in December 2018 and the annual payments in installment of the remaining balances will be made for the next ten and five years, respectively. The Group recognized these frequency licenses as intangible assets at the date of initial lump sum payment and began amortization for 3.5GHz license in April 2019. The amortization for 28GHz license will begin when it is in the condition necessary for it to be capable of operating in the manner intended by management. |
Borrowings and Debentures
Borrowings and Debentures | 12 Months Ended |
Dec. 31, 2019 | |
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Borrowings and Debentures | 17. Borrowings and Debentures (1) Short-term borrowings as of December 31, 2019 and 2018 are as follows: (In millions of won, thousands of foreign currency) Lender Annual interest December 31, 2019 December 31, 2018 Short-term borrowings Shinhan Bank 3.19 ₩ — 30,000 Shinhan Bank 2.27 — 30,000 Shinhan Bank(*1) 6M Financial I 15,000 15,000 KEB Hana Bank(*2) 3M CD + 1.75 5,000 5,000 Woori Bank 7.50 603 (VND12,068,234) — ₩ 20,603 80,000 (*1) As of December 31, 2019, 6M Financial I (bank) rate is 1.52%. (*2) As of December 31, 2019, 3M CD rate is 1.53%. (2) Long-term borrowings as of December 31, 2019 and 2018 are as follows: (In millions of won and thousands of U.S. dollars) Lender Annual interest Maturity December 31, 2019 December 31, 2018 KEB Hana Bank(*1) 3.51 Feb. 28, 2020 — 40,000 Korea Development Bank(*2) 3M CD + 0.60 Jul. 30, 2019 — 9,750 Korea Development Bank(*2) 3M CD + 0.60 Jul. 30, 2019 — 2,500 Korea Development Bank(*2,3) 3M CD + 0.61 Dec. 20, 2021 24,500 36,750 Korea Development Bank(*2,4) 3M CD + 0.71 Dec. 21, 2022 37,500 50,000 Credit Agricole CIB(*2,5) 3M CD + 0.82 Dec. 14, 2023 50,000 50,000 Shinhan Bank and others 4.21 Sept. 30, 2023 1,750,000 1,750,000 KDB Capital and others 7.20 Sept. 30, 2023 150,000 150,000 Export Kreditnamnden(*6) 1.70 Apr. 29, 2022 33,266 45,007 2,045,266 2,134,007 Less present value discount (22,729 ) (29,011 ) 2,022,537 2,104,996 Less current installments (50,388 ) (89,631 ) ₩ 1,972,149 2,015,365 (*1) The long-term borrowings were repaid before maturity during the year ended December 31, 2019. (*2) As of December 31, 2019, 3M CD rate is 1.53%. (*3) The long-term borrowings are to be repaid by installments on an annual basis from 2017 to 2021. (*4) The long-term borrowings are to be repaid by installments on an annual basis from 2018 to 2022. (*5) The long-term borrowings are to be repaid by installments on an annual basis from 2020 to 2023. (*6) The long-term borrowings are to be repaid by installments on an annual basis from 2014 to 2022. (3) Debentures as of December 31, 2019 and 2018 are as follows: (In millions of won and thousands of U.S. dollars) Purpose Maturity Annual interest December 31, 2019 December 31, Unsecured corporate bonds Operating fund 2021 4.22 ₩ 190,000 190,000 Unsecured corporate bonds Operating and 2019 3.24 — 170,000 Unsecured corporate bonds 2022 3.30 140,000 140,000 Unsecured corporate bonds 2032 3.45 90,000 90,000 Unsecured corporate bonds Operating fund 2023 3.03 230,000 230,000 Unsecured corporate bonds 2033 3.22 130,000 130,000 Unsecured corporate bonds 2019 3.30 — 50,000 Unsecured corporate bonds 2024 3.64 150,000 150,000 Unsecured corporate bonds(*1) 2029 4.72 — 61,813 Unsecured corporate bonds Refinancing fund 2019 2.53 — 160,000 Unsecured corporate bonds 2021 2.66 150,000 150,000 Unsecured corporate bonds 2024 2.82 190,000 190,000 Unsecured corporate bonds Operating and refinancing fund 2022 2.40 100,000 100,000 Unsecured corporate bonds 2025 2.49 150,000 150,000 Unsecured corporate bonds 2030 2.61 50,000 50,000 Unsecured corporate bonds Operating fund 2025 2.66 70,000 70,000 Unsecured corporate bonds 2030 2.82 90,000 90,000 Unsecured corporate bonds Operating and 2025 2.55 100,000 100,000 Unsecured corporate bonds 2035 2.75 70,000 70,000 Unsecured corporate bonds Operating fund 2019 1.65 — 70,000 Unsecured corporate bonds 2021 1.80 100,000 100,000 Unsecured corporate bonds 2026 2.08 90,000 90,000 Unsecured corporate bonds 2036 2.24 80,000 80,000 Unsecured corporate bonds 2019 1.62 — 50,000 Unsecured corporate bonds 2021 1.71 50,000 50,000 Unsecured corporate bonds 2026 1.97 120,000 120,000 Unsecured corporate bonds 2031 2.17 50,000 50,000 Unsecured corporate bonds Refinancing fund 2020 1.93 60,000 60,000 Unsecured corporate bonds 2022 2.17 120,000 120,000 Unsecured corporate bonds 2027 2.55 100,000 100,000 Unsecured corporate bonds Operating and refinancing fund 2032 2.65 90,000 90,000 Unsecured corporate bonds Refinancing fund 2020 2.39 100,000 100,000 Unsecured corporate bonds Operating and refinancing fund 2022 2.63 80,000 80,000 Unsecured corporate bonds Refinancing fund 2027 2.84 100,000 100,000 Unsecured corporate bonds 2021 2.57 110,000 110,000 Unsecured corporate bonds 2023 2.81 100,000 100,000 Unsecured corporate bonds 2028 3.00 200,000 200,000 Unsecured corporate bonds 2038 3.02 90,000 90,000 Unsecured corporate bonds Operating and refinancing fund 2021 2.10 100,000 100,000 Unsecured corporate bonds 2023 2.33 150,000 150,000 Unsecured corporate bonds 2038 2.44 50,000 50,000 Unsecured corporate bonds Operating fund 2022 2.03 180,000 — Unsecured corporate bonds 2024 2.09 120,000 — Unsecured corporate bonds 2029 2.19 50,000 — Unsecured corporate bonds Operating fund 2039 2.23 50,000 — Unsecured corporate bonds Operating and refinancing fund 2022 1.40 120,000 — Unsecured corporate bonds 2024 1.49 60,000 — Unsecured corporate bonds 2029 1.50 120,000 — Unsecured corporate bonds 2039 1.52 50,000 — Unsecured corporate bonds 2049 1.56 50,000 — Unsecured corporate bonds Operating fund 2022 1.69 230,000 — Unsecured corporate bonds 2024 1.76 70,000 — Unsecured corporate bonds 2029 1.79 40,000 — Unsecured corporate bonds 2039 1.81 60,000 — Unsecured corporate bonds(*2) Operating fund 2019 3.49 — 210,000 Unsecured corporate bonds(*2) 2019 2.76 — 130,000 Unsecured corporate bonds(*2) 2020 2.49 160,000 160,000 Unsecured corporate bonds(*2) 2020 2.43 140,000 140,000 Unsecured corporate bonds(*2) 2020 2.18 130,000 130,000 Unsecured corporate bonds(*2) 2019 1.58 — 50,000 Unsecured corporate bonds(*2) Operating and refinancing fund 2021 1.77 120,000 120,000 Unsecured corporate bonds(*2) Operating fund 2022 2.26 150,000 150,000 Unsecured corporate bonds(*2) Refinancing fund 2020 2.34 30,000 30,000 Unsecured corporate bonds(*2) Operating and refinancing fund 2022 2.70 140,000 140,000 Unsecured corporate bonds(*2) 2021 2.59 70,000 70,000 Unsecured corporate bonds(*2) 2023 2.93 80,000 80,000 Unsecured corporate bonds(*2) Refinancing fund 2022 2.00 50,000 — Unsecured corporate bonds(*2) 2024 2.09 160,000 — Unsecured corporate bonds(*2) Operating and refinancing fund 2022 1.71 80,000 — Unsecured corporate bonds(*2) 2024 1.71 100,000 — Unsecured corporate bonds(*2) 2026 1.86 50,000 — Convertible bonds(*3) Operating fund 2019 1.00 — 5,479 Private placement corporate bonds Operating fund 2023 — 6,292 — Private placement corporate bonds Operating fund 2023 — 6,222 — Unsecured global bonds Operating fund 2027 6.63 463,120 (USD400,000 ) 447,240 (USD400,000 ) Unsecured global bonds 2023 3.75 578,900 (USD500,000 ) 559,050 (USD500,000 ) Unsecured global bonds(*2) Refinancing fund 2023 3.88 347,340 (USD300,000 ) 335,430 (USD300,000 ) Floating rate notes(*4) Operating fund 2020 3M LIBOR + 0.88 347,340 (USD300,000 ) 335,430 (USD300,000 ) 8,249,214 7,494,442 Less discounts on bonds (28,381 ) (27,590 ) 8,220,833 7,466,852 Less current installments of bonds (966,939 ) (894,641 ) ₩ 7,253,894 6,572,211 (*1) The debenture was repaid before maturity during the year ended December 31, 2019. (*2) Unsecured corporate bonds were issued by SK Broadband Co., Ltd. (*3) Convertible bonds were issued by DREAMUS COMPANY (formerly, IRIVER LIMITED). (*4) As of December 31, 2019, 3M LIBOR rate is 1.91%. |
Long-term Payables - other
Long-term Payables - other | 12 Months Ended |
Dec. 31, 2019 | |
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Long-term Payables - other | 18. Long-term Payables — other (1) Long-term payables — other as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Payables related to acquisition of frequency usage rights ₩ 1,544,699 1,939,082 Other 5,468 29,702 ₩ 1,550,167 1,968,784 (2) As of December 31, 2019 and 2018, details of long-term payables — other which consist of payables related to the acquisition of frequency usage rights are as follows (See Note 16): (In millions of won) December 31, 2019 December 31, 2018 Long-term payables — other ₩ 2,051,389 2,476,738 Present value discount on long-term payables — other (82,851 ) (113,772 ) Current installments of long-term payables — other (423,839 ) (423,884 ) Carrying amount at December 31 ₩ 1,544,699 1,939,082 (3) The principal amount of the long-term payables — other repaid during the year ended December 31, 2019 is ₩425,349 million. The repayment schedule of the principal amount of long-term payables — other related to acquisition of frequency usage rights as of December 31, 2019 is as follows: (In millions of won) Amount Less than 1 year ₩ 425,349 1~3 years 647,589 3~5 years 413,385 More than 5 years 565,066 ₩ 2,051,389 |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2019 | |
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Provisions | 19. Provisions Changes in provisions for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 As of December 31, Beginning Increase Utilization Reversal Other Business Combination Ending Current Non-current Provision for restoration(*1) ₩ 77,741 7,811 (3,409 ) (1,711 ) 115 40 80,587 51,517 29,070 Emission allowance(*2) 2,238 5,037 (1,086 ) (932 ) — — 5,257 5,257 — Other provisions(*3) 107,229 7,609 (45,260 ) (163 ) (12,030 ) — 57,385 32,672 24,713 ₩ 187,208 20,457 (49,755 ) (2,806 ) (11,915 ) 40 143,229 89,446 53,783 (In millions of won) 2018 As of December 31, Beginning Impact of IFRS 15 Increase Utilization Reversal Other Business Combination Ending Current Non-current Provision for installment of handset subsidy ₩ 3,874 — — (1,075 ) (2,799 ) — — — — — Provision for restoration(*1) 73,267 — 6,684 (1,788 ) (765 ) 2 341 77,741 47,293 30,448 Emission allowance(*2) 4,650 — 2,228 (1,334 ) (3,306 ) — — 2,238 2,238 — Other provisions(*4) 2,935 (215 ) 110,628 (15,176 ) (272 ) — 9,329 107,229 38,462 68,767 ₩ 84,726 (215 ) 119,540 (19,373 ) (7,142 ) 2 9,670 187,208 87,993 99,215 (*1) In the course of the Group’s activities, base station and other assets are installed on leased premises which are expected to have costs associated with restoring the premises to their original conditions where these assets are situated upon ceasing their use on those premises. The associated cash outflows, which are long-term in nature, are generally expected to occur at the dates of the termination of lease contracts to which the assets relate. These restoration costs are calculated on the basis of the identified costs for the current financial year, extrapolated into the future based on management’s best estimates of future trends in prices, inflation, and other factors, and are discounted to present value at a risk-adjusted rate specifically applicable to the liability. Forecasts of estimated future cash outflows are revised in light of future changes in business conditions or technological requirements. The Group records these restoration costs as property and equipment and subsequently expenses them using the straight-line method over the asset’s useful life, and records the accretion of the liability as a charge to finance costs. (*2) The Group recognizes estimated future payment for the number of emission certificates required to settle the Group’s obligation exceeding the actual number of certificates on hand as emission allowances according to the Act on Allocation and Trading of Greenhouse Gas Emission Permits. (*3) ₩32,104 million of current provisions and ₩18,018 million of non-current (*4) ₩36,844 million of current provisions and ₩57,310 million of non-current |
Defined Benefit Liabilities (As
Defined Benefit Liabilities (Assets) | 12 Months Ended |
Dec. 31, 2019 | |
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Defined Benefit Liabilities (Assets) | 20. Defined Benefit Liabilities (Assets) (1) Details of defined benefit liabilities (assets) as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Present value of defined benefit obligations ₩ 1,136,787 926,302 Fair value of plan assets (965,654 ) (816,699 ) Defined benefit assets(*) (1,125 ) (31,926 ) Defined benefit liabilities 172,258 141,529 (*) Since the Group entities neither have legally enforceable right nor intention to settle the defined benefit obligations of Group entities with defined benefit assets of other Group entities, defined benefit assets of Group entities have been separately presented from defined benefit liabilities. (2) Principal actuarial assumptions as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 Discount rate for defined benefit obligations 1.77~3.04% 2.24~3.07% Expected rate of salary increase 1.53~6.00% 3.42~5.61% Discount rate for defined benefit obligation is determined based on market yields of high-quality corporate bonds with similar maturities for estimated payment term of defined benefit obligation. Expected rate of salary increase is determined based on the Group’s historical promotion index, inflation rate and salary increase ratio. (3) Changes in defined benefit obligations for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) For the year ended December 31 2019 2018 Beginning balance ₩ 926,302 679,625 Current service cost 171,197 143,725 Interest cost 23,685 23,131 Remeasurement - Demographic assumption 19,344 (1,929 ) - Financial assumption 56,265 30,519 - Adjustment based on experience 14,363 16,085 Benefit paid (84,098 ) (63,957 ) Business combinations 3,653 104,251 Others(*) 6,076 (5,148 ) Ending balance ₩ 1,136,787 926,302 (*) Others include changes of liabilities due to employee’s transfers among affiliates for the years ended December 31, 2019 and 2018. (4) Changes in plan assets for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) For the year ended December 31 2019 2018 Beginning balance ₩ 816,699 663,617 Interest income 19,717 19,134 Remeasurement (5,366 ) (7,659 ) Contributions 204,186 166,624 Benefit paid (73,396 ) (43,549 ) Business combinations 3,207 21,417 Others 607 (2,885 ) Ending balance ₩ 965,654 816,699 The Group expects to contribute ₩180,461 million to the defined benefit plans in 2020. (5) Total cost of benefit plan, which is recognized in profit and loss (included in labor in the statement of income) and capitalized into construction-in-progress, (In millions of won) For the year ended December 31, 2019 2018 2017 Current service cost ₩ 171,197 143,725 125,526 Net interest cost 3,968 3,997 2,170 ₩ 175,165 147,722 127,696 Costs related to the defined benefit except for the amounts transferred to construction in progress are included labor expenses and Research and development expenses. (6) Details of plan assets as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Equity instruments ₩ 29,489 60,828 Debt instruments 207,504 144,272 Short-term financial instruments, etc. 728,661 611,599 ₩ 965,654 816,699 (7) As of December 31, 2019, effects on defined benefit obligations if each of significant actuarial assumptions changes within expectable and reasonable range are as follows: (In millions of won) 0.5% Increase 0.5% Decrease Discount rate ₩ (47,013 ) 54,248 Expected salary increase rate 53,864 (47,325 ) The sensitivity analysis does not consider dispersion of all cash flows that are expected from the plan and provides approximate values of sensitivity for the assumptions used. A weighted average duration of defined benefit obligations as of December 31, 2019 is 9.52 years. |
Derivative Instruments
Derivative Instruments | 12 Months Ended |
Dec. 31, 2019 | |
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Derivative Instruments | 21. Derivative Instruments (1) Currency and interest rate swap contracts under cash flow hedge accounting as of December 31, 2019 are as follows: (In millions of won and thousands of U.S. dollars) Borrowing Hedging Instrument (Hedged item) Hedged risk Financial Duration of Jul. 20, 2007 Fixed-to-fixed face value of USD 400,000) Foreign currency risk Morgan Stanley and four other banks Jul. 20, 2007 ~ Mar. 7, 2013 Floating-to-fixed (U.S. dollar denominated bonds face value of USD 300,000) Foreign currency risk and interest rate risk DBS bank Mar. 7, 2013 ~ Mar. 7, 2020 Dec. 16, 2013 Fixed-to-fixed (U.S. dollar borrowing amounting to USD 28,732) Foreign currency risk Deutsche bank Dec. 16, 2013 ~ Apr. 29, 2022 Apr. 16, 2018 Fixed-to-fixed (U.S. dollar denominated bonds face value of USD 500,000) Foreign currency risk The Export-Import Bank of Korea and three other banks Apr. 16, 2018 ~ Apr. 16, 2023 Aug. 13, 2018 Fixed-to-fixed (U.S. dollar denominated bonds face value of USD 300,000) Foreign currency risk Citibank Aug. 13, 2018 ~ Aug. 13, 2023 Dec. 20, 2016 Floating-to-fixed (Korean won borrowing amounting to KRW 24,500) Interest rate risk Korea Development Bank Dec. 20, 2016 ~ Dec. 20, 2021 Dec. 21, 2017 Floating-to-fixed (Korean won borrowing amounting to KRW 37,500) Interest rate risk Korea Development Bank Dec. 21, 2017 ~ Dec. 21, 2022 Dec. 19, 2018 Floating-to-fixed (Korean won borrowing amounting to KRW 50,000) Interest rate risk Credit Agricole CIB Mar. 19, 2019 ~ Dec. 14, 2023 (2) SK Broadband Co., Ltd., a subsidiary of the Parent Company, entered into a leasing contract with GL Gasan Metro Co., Ltd., which develops and leases real estate, for the building and operations of Internet Data Center during the year ended December 31, 2017. With respect to financing the development of the property, GL Gasan Metro Co., Ltd. has issued subordinated bonds to IGIS Professional Investment Type Private Real Estate Investment Trust No. 156, which financed the purchase of bonds by issuing beneficiary certificates to Sbsen Co., Ltd. and Msgadi Co., Ltd. In connection with these arrangements, SK Broadband Co., Ltd., Sbsen Co., Ltd. and Msgadi Co., Ltd. entered into a Total Return Swap (TRS) contract amounting to ₩70,000 million with beneficiary certificates as underlying assets during the year ended December 31, 2017 and an additional ₩200,000 million Total Return Swap (TRS) contract with Sgasan Co., Ltd. during the year ended December 31, 2018. These two contracts expire in November 2022. SK Broadband Co., Ltd. has an obligation to guarantee fixed rate of returns to Sbsen Co., Ltd., Msgadi Co., Ltd. and Sgasan Co., Ltd. Also in 2019, SK Broadband Co., Ltd. entered into leasing contract with Hana Professional Alternative Investment Type Private Real Estate Investment Trust No. 62 which develops and leases real estate, for developing the Internet Data Center. With respect to financing the development of the property, Hana Professional Alternative Investment Type Private Real Estate Investment Trust No. 62 financed the purchase of bonds by issuing beneficiary certificates to Sgumi Co., Ltd. and Sori Co., Ltd. In connection with these arrangements, SK Broadband Co., Ltd., Sgasan Co., Ltd., Sgumi Co., Ltd. and Sori Co., Ltd. entered into a Total Return Swap (TRS) contract amount to ₩64,000 million with beneficiary certificates as underlying assets during the year ended December 31, 2019. These two contracts expire in September 2024. SK Broadband Co., Ltd. has an obligation to guarantee fixed rate of returns to Sgumi Co., Ltd. and Sori Co., Ltd. (3) As of December 31, 2019, details of fair values of the above derivatives recorded in current assets (Derivative financial assets), non-current non-current (In millions of won and thousands of U.S. dollars) Hedging instrument (Hedged item) Cash flow hedge Held for trading Fair value Current assets: Floating-to-fixed ₩ 26,253 — 26,253 Non-current Fixed-to-fixed ₩ 43,851 — 43,851 Fixed-to-fixed 55,350 — 55,350 Fixed-to-fixed 797 — 797 Fixed-to-fixed 18,635 — 18,635 Settlement contract: Others ₩ — 6,074 6,074 ₩ 150,960 Non-current Floating-to-fixed ₩ (85 ) — (85 ) Floating-to-fixed (424 ) — (424 ) Floating-to-fixed (534 ) — (534 ) ₩ (1,043 ) |
Share Capital and Capital Surpl
Share Capital and Capital Surplus and Others | 12 Months Ended |
Dec. 31, 2019 | |
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Share Capital and Capital Surplus and Others | 22. Share Capital and Capital Surplus and Others The Parent Company’s outstanding share capital consists entirely of common shares with a par value of ₩500. The number of authorized, issued and outstanding common shares and the details of capital surplus and others as of December 31, 2019 and 2018 are as follows: (In millions of won, except for share data) December 31, 2019 December 31, 2018 Number of authorized shares 220,000,000 220,000,000 Number of issued shares(*1) 80,745,711 80,745,711 Share capital: Common share ₩ 44,639 44,639 Capital surplus and others: Paid-in 2,915,887 2,915,887 Treasury shares(note 23) (1,696,997 ) (1,979,475 ) Share option(note 25) 1,302 1,007 Others(*2) (612,470 ) (681,094 ) ₩ 607,722 256,325 (*1) In 2002 and 2003, the Parent Company retired treasury shares with reduction of retained earnings before appropriation. As a result, the Parent Company’s outstanding shares have decreased without change in share capital. (*2) Others primarily consist of the excess of the consideration paid by the Group over the carrying amount of net assets acquired from entities under common control. There were no changes in share capital during the years ended December 31, 2019 and 2018 and details of shares outstanding as of December 31, 2019 and 2018 are as follows: (In shares) 2019 2018 Issued Treasury Outstanding Issued Treasury Outstanding Shares outstanding 80,745,711 7,609,263 73,136,448 80,745,711 8,875,883 71,869,828 |
Treasury Shares
Treasury Shares | 12 Months Ended |
Dec. 31, 2019 | |
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Treasury Shares | 23. Treasury Shares Treasury shares as of December 31, 2019 and 2018 are as follows: (In millions of won, except for share data) December 31, 2019 December 31, 2018 Number of shares(*) 7,609,263 8,875,883 Acquisition cost ₩ 1,696,997 1,979,475 (*) The Parent Company disposed 1,266,620 of its treasury shares to Kakao Co., Ltd. in exchange for ₩300,000 million in cash and acquired 2,177,401 shares of Kakao Co., Ltd. for ₩302,321 million during the year ended December 31, 2019 in order to solidify the future ICT business cooperation (See note 11). The number of treasury shares have decreased by 1,260,668 due to the comprehensive stock exchange transaction with SK Holdings Co., Ltd. in 2018. |
Hybrid Bonds
Hybrid Bonds | 12 Months Ended |
Dec. 31, 2019 | |
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Hybrid Bonds | 24. Hybrid Bonds Hybrid bonds classified as equity as of December 31, 2019 and 2018 are as follows: (In millions of won) Type Issuance date Maturity(*1) Annual interest December 31, December 31, Series 2-1 Unsecured subordinated bearer bond June 7, 2018 June 7, 2078 3.70 ₩ 300,000 300,000 Series 2-2 Unsecured subordinated bearer bond June 7, 2018 June 7, 2078 3.65 100,000 100,000 Issuance costs (1,241 ) (1,241 ) ₩ 398,759 398,759 As there is no contractual obligation to deliver financial assets to the holders of hybrid bonds, the Group classified the hybrid bonds as equity. These are subordinated bonds which rank before common shares in the event of a liquidation or reorganization of the Parent Company. (*1) The Parent Company has a right to extend the maturity without any notice or announcement. (*2) Annual interest rate is determined as yield rate of 5 year national bond plus premium. According to the step-up |
Share option
Share option | 12 Months Ended |
Dec. 31, 2019 | |
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Share option | 25. Share option (1) The terms and conditions related to the grants of the share options under the share option program are as follows: Parent Company Series 1-1 1-2 1-3 2 3(*) 4 Grant date March 24, 2017 February 20, 2018 February 22, 2019 March 26, 2019 Types of shares to be issued Registered common shares Grant method Reissue of treasury shares Reissue of treasury shares, cash settlement Number of shares (in shares) 22,168 22,168 22,168 1,358 4,177 1,734 Exercise price (in won) 246,750 266,490 287,810 254,120 265,260 254,310 Exercise period Mar. 25, 2019 ~ Mar. 24, 2022 Mar. 25, 2020 ~ Mar. 24, 2023 Mar. 25, 2021 ~ Mar. 24, 2024 Feb. 21, 2020 ~ Feb. 20, 2023 Feb. 23, 2021 ~ Feb. 22, 2024 Mar. 27, 2021 ~ Mar. 26, 2024 Vesting conditions 2 years’ service 3 years’ service 4 years’ service 2 years’ service 2 years’ service 2 years’ service (*) Parts of the grant that have not met the vesting conditions have been forfeited during the year ended December 31, 2019. One Store Co., Ltd. DREAMUS COMPANY (Formerly, IRIVER LIMITED) 1-1 1-2 1-3 Grant date April 27, 2018 March 28, 2019 March 28, 2019 March 28, 2019 Types of shares to be issued Common shares of One Common shares of DREAMUS COMPANY (Formerly, IRIVER LIMITED) Grant method Issuance of new shares Issuance of new shares, reissue of treasury shares, cash settlement Number of shares (in shares)(*) 970,050 400,014 400,005 399,981 Exercise price (in won) 5,390 9,160 9,160 9,160 Exercise period Apr. 28, 2020 ~ Apr. 27, 2024 Mar. 29, 2021 ~ Mar. 28, 2024 Mar. 29, 2022 ~ Mar. 28, 2025 Mar. 29, 2023 ~ Mar. 28, 2026 Vesting conditions 2 years’ service from (a) 2 years’ (b) Average (a) 3 years’ (b) Average (a) 4 years’ (b) Average Incross Co., Ltd. 3 4 5 6 7 Grant date March 30, 2016 March 7, 2017 March 7, 2018 March 7, 2019 October 15, 2019 Types of shares to be issued Common shares of Incross Co., Ltd. Grant method Issuance of new shares, reissue of treasury shares Number of shares (in shares) 19,750 29,625 9,900 6,600 59,225 Exercise price (in won) 10,571 17,485 25,861 16,895 22,073 Exercise period Mar. 31, 2019 ~ Mar. 30, 2022 Mar. 7, 2020 ~ Mar. 6, 2023 Mar. 7, 2021 ~ Mar. 6, 2024 Mar. 7, 2022 ~ Mar. 6, 2025 Oct. 15, 2022 ~ Oct. 14, 2025 Vesting conditions 3 years’ service 3 years’ 3 years’ 3 years’ 3 years’ service Life & Security Holdings Co., Ltd. FSK L&S Co., 1-1 1-2 1-3 1-4 Grant date August 22, 2019 May 31, 2019 Types of shares to be issued Common shares of Life & Security Holdings Co., Ltd. Common Grant method cash settlement Issuance of Number of shares (in shares) 3,506 3,163 6,260 6,245 43,955 Exercise price (in won) 949,940 949,940 1,025,935 1,108,010 10,000 Exercise period 1 st June. 1, 2022 ~ May. 31, 2025 2 nd 3 rd Vesting conditions Service Service Service Service 3 years’ (*) Parts of the grant of One Store Co., Ltd. and DREAMUS COMPANY(Formerly, IRIVER LIMITED) that have not met the vesting conditions have been forfeited during the years ended December 31, 2019 and 2018. (2) Share compensation expense recognized during the year ended December 31, 2019 and the remaining share compensation to be recognized in subsequent periods are as follows: (In millions of won) Share As of December 31, 2018 ₩ 1,203 During the year ended December 31, 2019 2,073 In subsequent periods 4,498 ₩ 7,774 (3) The Group used binomial option pricing model or Monte-Carlo simulation in the measurement of the fair value of the share options at grant date and the inputs used in the model are as follows: (In won) Parent Company Series 1-1 1-2 1-3 2 3 4 Risk-free interest rate 1.86 % 1.95 % 2.07 % 2.63 % 1.91 % 1.78 % Estimated option’s life 5 years 6 years 7 years 5 years 5 years 5 years Share price (Closing price on the preceding day) 262,500 262,500 262,500 243,500 259,000 253,000 Expected volatility 13.38 % 13.38 % 13.38 % 16.45 % 8.30 % 7.70 % Expected dividends 3.80 % 3.80 % 3.80 % 3.70 % 3.80 % 3.90 % Exercise price 246,750 266,490 287,810 254,120 265,260 254,310 Per share fair value of the option 27,015 20,240 15,480 23,988 8,600 8,111 (In won) One Store Co., DREAMUS COMPANY (Formerly, IRIVER LIMITED) 1-1 1-2 1-3 Risk-free interest rate 2.58 % 1.73 % 1.77 % 1.82 % Estimated option’s life 6 years — — — Share price (Closing price on the preceding day) 4,925 8,950 8,950 8,950 Expected volatility 9.25 % 32.34 % 32.34 % 32.34 % Expected dividends 0.00 % 0.00 % 0.00 % 0.00 % Exercise price 5,390 9,160 9,160 9,160 Per share fair value of the option 566 1,976 2,189 2,356 (In won) Incross Co., Ltd. FSK L&S 3 4 5 6 7 Risk-free interest rate 2.09 % 1.35 % 1.50 % 1.76 % 1.41 % 1.64 % Estimated option’s life 6 years 6 years 6 years 6 years 6 years — Share price (Closing price on the preceding day) 17,993 43,843 27,300 17,000 22,050 10,455 Expected volatility 20.67 % 18.67 % 21.28 % 25.58 % 42.37 % 16.20 % Expected dividends 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Exercise price 10,571 17,485 25,861 16,895 22,073 10,000 Per share fair value of the option 1,965 9,423 7,277 4,887 9,209 1,420 (In won) Life & Security Holdings Co., Ltd. 1-1 1-2 1 st 2 nd 3 rd Risk-free interest rate 1.47 % 1.47 % 1.47 % Estimated option’s life 4 years 4.5 years 5 years Share price 964,084 964,084 964,084 Expected volatility 25.84 % 26.76 % 26.79 % Expected dividends 0.00 % 0.00 % 0.00 % Exercise price 949,940 949,940 949,940 Per share fair value of the option 144,513 145,878 162,219 (In won) Life & Security Holdings Co., Ltd. 1-3 1 st 2 nd 3 rd Risk-free interest rate 1.47 % 1.47 % 1.47 % Estimated option’s life 4 years 4.5 years 5 years Share price 964,084 964,084 964,084 Expected volatility 25.84 % 26.76 % 26.79 % Expected dividends 0.00 % 0.00 % 0.00 % Exercise price 1,025,935 1,025,935 1,025,935 Per share fair value of the option 123,004 125,792 141,861 (In won) Life & Security Holdings Co., Ltd. 1-4 1 st 2 nd 3 rd Risk-free interest rate 1.47 % 1.47 % 1.47 % Estimated option’s life 4 years 4.5 years 5 years Share price 964,084 964,084 964,084 Expected volatility 25.84 % 26.76 % 26.79 % Expected dividends 0.00 % 0.00 % 0.00 % Exercise price 1,108,010 1,108,010 1,108,010 Per share fair value of the option 101,207 105,797 120,924 As One Store Co., Ltd., FSK L&S Co., Ltd. and Life & Security Holdings Co., Ltd., the subsidiaries of the Parent Company, are unlisted, the share price is calculated using the discounted cash flow model. |
Retained Earnings
Retained Earnings | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Retained Earnings | 26. Retained Earnings (1) Retained earnings as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Appropriated: Legal reserve ₩ 22,320 22,320 Reserve for business expansion 11,531,138 10,531,138 Reserve for technology development 4,265,300 3,321,300 15,818,758 13,874,758 Unappropriated 6,416,527 8,269,783 ₩ 22,235,285 22,144,541 (2) Legal reserve The Korean Commercial Act requires the Parent Company to appropriate as a legal reserve at least 10% of cash dividends paid for each accounting period until the reserve equals 50% of outstanding share capital. The legal reserve may not be utilized for cash dividends, but may only be used to offset a future deficit, if any, or may be transferred to share capital. |
Reserves
Reserves | 12 Months Ended |
Dec. 31, 2019 | |
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Reserves | 27. Reserves (1) Details of reserves, net of taxes, as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Valuation loss on FVOCI ₩ (47,086 ) (124 ) Other comprehensive loss of investments in associates and joint ventures (278,142 ) (334,637 ) Valuation loss on derivatives (920 ) (41,601 ) Foreign currency translation differences for foreign operations (3,428 ) 2,920 ₩ (329,576 ) (373,442 ) (2) Changes in reserves for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) Valuation gain Valuation gain available-for-sale Other compre- Valuation gain Foreign currency Total Balance at December 31, 2017 ₩ — 168,211 (320,060 ) (73,828 ) (9,050 ) (234,727 ) Impact of adopting IFRS 9 99,407 (168,211 ) — — — (68,804 ) Balance at January 1, 2018 ₩ 99,407 — (320,060 ) (73,828 ) (9,050 ) (303,531 ) Changes, net of taxes ₩ (99,531 ) — (14,577 ) 32,227 11,970 (69,911 ) Balance at December 31, 2018 (124 ) — (334,637 ) (41,601 ) 2,920 (373,442 ) Changes, net of taxes (46,962 ) — 56,495 40,681 (6,348 ) 43,866 Balance at December 31, 2019 ₩ (47,086 ) — (278,142 ) (920 ) (3,428 ) (329,576 ) (3) Changes in valuation gain (loss) on financial assets at FVOCI for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 2018 Balance at January 1 ₩ (124 ) 99,407 Amount recognized as other comprehensive loss during the year, net of taxes (18,472 ) (117,514 ) Amount reclassified to retained earnings, net of taxes (28,490 ) 17,983 Balance at December 31 ₩ (47,086 ) (124 ) (4) Changes in valuation gain (loss) on derivatives for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 2018 Balance at January 1 ₩ (41,601 ) (73,828 ) Amount recognized as other comprehensive income (loss) during the year, net of taxes 34,209 (11,301 ) Amount reclassified to profit or loss, net of taxes 6,472 43,528 Balance at December 31 ₩ (920 ) (41,601 ) |
Redeemable Convertible Preferre
Redeemable Convertible Preferred Stocks | 12 Months Ended |
Dec. 31, 2019 | |
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Redeemable Convertible Preferred Stocks | 28. Redeemable Convertible Preferred Stocks Eleven street Co., Ltd., a subsidiary of the Parent Company, issued redeemable convertible preferred stocks on September 7, 2018 according to the board of directors’ resolution. The details of the issuance are as follows: Information of redeemable convertible preferred stocks Issuer Eleven Street Co., Ltd. Number of shares issued 1,863,093 Issue price ₩268,371 per share Voting rights 1 voting right per 1 share Dividend rate(*) 6% of the issue price per annum (cumulative, non-participating) The obligatory dividend rate of the Parent Company is 1% of the issue price per annum Conversion period From 6 months after the date of issue to 1 business day before the expiration date of the redemption period Conversion ratio [Issue price ÷ Conversion price at the date of conversion] per share Conversion price ₩268,371 per share Refixing clauses • In the case when spin-off, • In the case when this preferred share is split or merged, the conversion prices is subject to refixing to correspond with the split or merge ratio. Redemption period Two months from September 30, 2023 to December 31, 2047 at the choice of the issuer. Redemption party Eleven Street Co., Ltd. Redemption price Amounts realizing the internal rate of return to be 3.5% at the date of actual redemption Liquidation preference Preferential to the common shares (*) The present value of obligatory dividends amounting to ₩18,805 million payable to non-controlling |
Other Operating Income and Expe
Other Operating Income and Expenses | 12 Months Ended |
Dec. 31, 2019 | |
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Other Operating Income and Expenses | 29. Other Operating Income and Expenses Details of other operating income and (In millions of won) 2019 2018 2017 Other Operating Income: Gain on disposal of property and equipment and intangible assets ₩ 8,942 38,933 13,991 Others(*) 94,288 33,017 18,006 ₩ 103,230 71,950 31,997 Other Operating Expenses: Communication ₩ 43,606 35,507 27,973 Utilities 320,474 297,049 299,825 Taxes and dues 44,761 37,290 27,819 Repair 358,758 353,321 333,101 Research and development 391,327 387,675 395,276 Training 35,004 35,574 32,853 Bad debt for accounts receivable — trade 28,841 38,211 34,584 Travel 30,746 27,910 24,095 Supplies and other 259,155 130,008 111,170 Loss on disposal of property and equipment and intangible assets 56,248 87,257 60,086 Impairment loss on other investment securities 1,670 3,157 9,003 Impairment loss on property and equipment and intangible assets 65,935 255,839 54,946 Donations 17,557 59,012 112,634 Bad debt for accounts receivable — other 5,802 7,718 5,793 Others(*) 65,015 26,876 101,589 ₩ 1,724,899 1,782,404 1,630,747 (*) See note 5 (2). |
Finance Income and Costs
Finance Income and Costs | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Finance Income and Costs | 30. Finance Income and Costs (1) Details of finance income and costs for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Finance Income: Interest income ₩ 63,401 69,936 76,045 Gain on sale of accounts receivable — other 15,855 20,023 18,548 Dividends 10,011 35,143 12,416 Gain on foreign currency transactions 11,798 17,990 13,676 Gain on foreign currency translations 4,576 2,776 7,110 Gain on disposal of long-term investment securities — — 4,890 Gain on valuation of derivatives 2,499 6,532 223,943 Gain on settlement of derivatives 29,277 20,399 — Gain relating to financial assets at FVTPL (*) 4,504 83,636 33 Gain relating to financial liabilities at FVTPL 56 — — Reversal of impairment loss on available-for- — — 9,900 ₩ 141,977 256,435 366,561 Finance Costs: Interest expense ₩ 397,890 307,319 299,100 Loss on sale of accounts receivable — other 5,823 — 9,682 Loss on foreign currency transactions 12,660 38,920 19,263 Loss on foreign currency translations 4,948 2,397 8,419 Loss on disposal of long-term investment securities — — 36,024 Loss on settlement of derivatives 641 12,554 10,031 Loss relating to financial liabilities at FVTPL 43 1,535 678 Loss relating to financial assets at FVTPL 7,753 22,507 — Impairment loss on long-term investment securities — — 14,519 Other finance costs — — 35,900 ₩ 429,758 385,232 433,616 (*) Gain relating to financial assets at FVTPL for the year ended December 31, 2018 includes gains on disposal of 200,000 shares of convertible redeemable bonds issued by KRAFTON Co., Ltd. (formerly, Bluehole Inc.) amounting to ₩58,000 million. (2) Details of interest income included in finance income for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Interest income on cash equivalents and short-term financial instruments ₩ 29,854 33,808 28,130 Interest income on loans and others 33,547 36,128 47,915 ₩ 63,401 69,936 76,045 (3) Details of interest expenses included in finance costs for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Interest expense on borrowings ₩ 104,991 10,796 11,774 Interest expense on debentures 224,765 222,195 228,568 Others 68,134 74,328 58,758 ₩ 397,890 307,319 299,100 (4) Finance income and costs by category of financial instruments for the years ended December 31, 2019, 2018 and 2017 are as follows. Bad debt expense (reversal of loss allowance) for accounts receivable – trade, loans and receivables are presented and explained separately in notes 7 and 35. 1) Finance income and costs (In millions of won) 2019 Finance income Finance costs Financial Assets: Financial assets at FVTPL ₩ 56,953 13,577 Financial assets at FVOCI 9,924 — Financial assets at amortized cost 74,941 17,488 141,818 31,065 Financial Liabilities: Financial liabilities at FVTPL 56 43 Financial liabilities at amortized cost 103 398,009 Derivatives designated as hedging instrument — 641 159 398,693 ₩ 141,977 429,758 (In millions of won) 2018 Finance income Finance costs Financial Assets: Financial assets at FVTPL ₩ 134,841 22,507 Financial assets at FVOCI 35,143 — Financial assets at amortized cost 86,032 20,018 256,016 42,525 Financial Liabilities: Financial liabilities at FVTPL — 1,535 Financial liabilities at amortized cost 419 328,618 Derivatives designated as hedging instrument — 12,554 419 342,707 ₩ 256,435 385,232 (In millions of won) 2017 Finance income Finance costs Financial Assets: Financial assets at fair value through profit or loss ₩ 223,976 — Available-for-sale 30,598 86,445 Loans and receivables 111,677 37,040 366,251 123,485 Financial Liabilities: Financial liabilities at fair value through profit or loss — 678 Financial liabilities at amortized cost 310 299,422 Derivatives designated as hedging instrument — 10,031 310 310,131 ₩ 366,561 433,616 2) Other comprehensive income (loss) (In millions of won) 2019 2018 2017 Financial Assets: Financial assets at FVOCI ₩ (17,943 ) (130,035 ) — Available-for-sale — — 158,440 Derivatives designated as hedging instrument 41,305 17,180 1,554 23,362 (112,855 ) 159,994 Financial Liabilities: Derivatives designated as hedging instrument (624 ) 15,047 21,032 ₩ 22,738 (97,808 ) 181,026 (5) Details of impairment losses for financial assets for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Available-for-sale ₩ — — 14,519 Accounts receivable — trade 28,841 38,211 34,584 Other receivables 5,802 7,718 5,793 ₩ 34,643 45,929 54,896 (*) This is included in other finance costs. (See note 30 (1)) |
Income Tax Expense
Income Tax Expense | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Income Tax Expense | 31. Income Tax Expense (1) Income tax expenses for the years ended December 31, 2019, 2018 and 2017 consist of the following: (In millions of won) 2019 2018 2017 Current tax expense: Current year ₩ 105,859 362,265 424,773 Current tax of prior years(*) (6,963 ) (22,575 ) (105,158 ) 98,896 339,690 319,615 Deferred tax expense: Changes in net deferred tax assets 201,817 504,288 426,039 Income tax expense ₩ 300,713 843,978 745,654 (*) Current tax of prior years are mainly composed of the income tax refund due to a change in the interpretation of the tax authority in relation to the income tax previously recognized by the Group. (2) The difference between income taxes computed using the statutory corporate income tax rates and the recorded income taxes for the years ended December 31, 2019, 2018 and 2017 is attributable to the following: (In millions of won) 2019 2018 2017 Income taxes at statutory income tax rate ₩ 309,368 1,083,029 823,124 Non-taxable (92,666 ) (19,450 ) (40,080 ) Non-deductible 14,630 26,724 31,285 Tax credit and tax reduction (32,877 ) (17,580 ) (34,300 ) Changes in unrecognized deferred taxes 83,940 (177,902 ) 31,857 Changes in tax rate 4,040 (3,983 ) 43,977 Income tax refund and other 14,278 (46,860 ) (110,209 ) Income tax expense ₩ 300,713 843,978 745,654 (3) Deferred taxes directly charged to (credited from) equity for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Valuation gain on financial assets measured at fair value ₩ 2,983 41,461 — Valuation loss on available-for-sale — — (55,883 ) Share of other comprehensive income (loss) of associates 2,279 278 (260 ) Valuation loss on derivatives (16,083 ) (9,223 ) (3,019 ) Remeasurement of defined benefit liabilities 22,733 10,843 1,618 ₩ 11,912 43,359 (57,544 ) (4) Details of the changes in deferred tax assets (liabilities) for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 Beginning Changes in Accounting Policies Deferred tax Directly charged Business Ending Deferred tax assets (liabilities) related to temporary differences: Loss allowance ₩ 102,276 — (13,698 ) — 335 88,913 Accrued interest income (2,713 ) — 691 — (17 ) (2,039 ) Financial assets measured at fair value 79,757 — 15,099 2,983 262 98,101 Investments in subsidiaries, associates and joint ventures (1,580,087 ) — (35,222 ) 2,279 (18 ) (1,613,048 ) Property and equipment and intangible assets (420,061 ) — 44,051 — (3 ) (376,013 ) Provisions 2,494 — 49 — — 2,543 Retirement benefit obligation 84,034 — (6,643 ) 22,733 70 100,194 Valuation gain on derivatives 31,415 — 2,175 (16,083 ) — 17,507 Gain or loss on foreign currency translation 21,948 — 57 — — 22,005 Incremental costs to acquire a contract (640,840 ) — (188,215 ) — — (829,055 ) Contract assets and liabilities (26,458 ) — (1,572 ) — — (28,030 ) Right-of-use — (165,762 ) (8,755 ) — — (174,517 ) Lease liabilities — 168,423 10,930 — — 179,353 Others 32,551 6,698 17,077 — 6 56,332 (2,315,684 ) 9,359 (163,976 ) 11,912 635 (2,457,754 ) Deferred tax assets related to unused tax loss carryforwards and tax credit carryforwards: Tax loss carryforwards 122,899 — (31,763 ) — — 91,136 Tax credit 15,458 — (6,078 ) — — 9,380 138,357 — (37,841 ) — — 100,516 ₩ (2,177,327) 9,359 (201,817 ) 11,912 635 (2,357,238 ) (In millions of won) 2018 Beginning Changes in Accounting Policies Deferred tax Directly charged Business Ending Deferred tax assets (liabilities) related to temporary differences: Loss allowance ₩ 67,002 3,501 26,547 — 5,226 102,276 Accrued interest income (2,467 ) — (218 ) — (28 ) (2,713 ) Financial assets measured at fair value 53,781 (282 ) (15,203 ) 41,461 — 79,757 Investments in subsidiaries, associates and joint ventures (937,629 ) — (642,736 ) 278 — (1,580,087 ) Property and equipment and intangible assets (235,343 ) — 71,912 — (256,630 ) (420,061 ) Provisions 2,312 — (6 ) — 188 2,494 Retirement benefit obligation 38,360 — 12,888 10,843 21,943 84,034 Valuation gain on derivatives 25,956 — 14,682 (9,223 ) — 31,415 Gain or loss on foreign currency translation 21,931 — 17 — — 21,948 Reserve for research and manpower development (2,387 ) — 2,387 — — — Incremental costs to acquire a contract — (566,633 ) (74,207 ) — — (640,840 ) Contract assets and liabilities — (37,540 ) 11,082 — — (26,458 ) Others 5,506 — 22,627 — 4,418 32,551 (962,978 ) (600,954 ) (570,228 ) 43,359 (224,883 ) (2,315,684 ) Deferred tax assets related to unused tax loss carryforwards and tax credit carryforwards: Tax loss carryforwards 72,417 — 50,482 — — 122,899 Tax credit — — 15,458 — — 15,458 72,417 — 65,940 — — 138,357 ₩ (890,561) (600,954) (504,288 ) 43,359 (224,883 ) (2,177,327 ) (5) Details of temporary differences, unused tax loss carryforwards and unused tax credits carryforwards which are not recognized as deferred tax assets (liabilities), in the consolidated statements of financial position as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Loss allowance ₩ 96,006 98,205 Investments in subsidiaries, associates and joint ventures (128,339 ) (233,234 ) Other temporary differences 145,692 189,604 Unused tax loss carryforwards 1,023,907 849,850 Unused tax credit carryforwards 1,192 3,705 (6) The amount of unused tax loss carryforwards and unused tax credit carryforwards which are not recognized as deferred tax assets as of December 31, 2019 are expiring within the following periods: (In millions of won) Unused tax loss carryforwards Unused tax credit carryforwards Less than 1 year ₩ 108,703 258 1 ~ 2 years 152,361 316 2 ~ 3 years 80,363 388 More than 3 years 682,480 230 ₩ 1,023,907 1,192 |
Earnings per Share
Earnings per Share | 12 Months Ended |
Dec. 31, 2019 | |
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Earnings per Share | 32. Earnings per Share (1) Basic earnings per share 1) Basic earnings per share for the years ended December 31, 2019, 2018 and 2017 are calculated as follows: (In millions of won, except for share data) 2019 2018 2017 Basic earnings per share attributable to owners of the Parent Company: Profit attributable to owners of the Parent Company ₩ 889,907 3,127,887 2,599,829 Interest on hybrid bonds (14,766 ) (15,803 ) (16,840 ) Profit attributable to owners of the Parent Company on common shares 875,141 3,112,084 2,582,989 Weighted average number of common shares outstanding 72,064,159 70,622,976 70,609,160 Basic earnings per share (in won) ₩ 12,144 44,066 36,582 2) The weighted average number of common shares outstanding for the years ended December 31, 2019, 2018 and 2017 are calculated as follows: (In shares) 2019 Issued shares Treasury shares Number of common Weights Weighted average Issued shares at January 1 80,745,711 (8,875,883 ) 71,869,828 365/365 71,869,828 Disposal of treasury shares — 1,266,620 1,266,620 56/365 194,331 72,064,159 (In shares) 2018 Issued shares Treasury shares Number of common Weights Weighted average Issued shares at January 1 80,745,711 (10,136,551 ) 70,609,160 365/365 70,609,160 Disposal of treasury shares — 1,260,668 1,260,668 4/365 13,816 70,622,976 (In shares) 2017 Number of common Issued shares at January 1 80,745,711 Treasury shares at January 1 (10,136,551 ) 70,609,160 (2) Diluted earnings per share For the years ended December 31, 2019, 2018 and 2017, diluted earnings per share are the same as basic earnings per share as there are no dilutive potential common shares. |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Dividends | 33. Dividends (1) Details of dividends declared Details of dividend declared for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won, except for face value and share data) Year Dividend type Number of Face value Dividend Dividends 2019 Cash dividends (Interim) 71,869,828 500 200 % ₩ 71,870 Cash dividends (Year-end) 73,136,448 500 1,800 % 658,228 ₩ 730,098 2018 Cash dividends (Interim) 70,609,160 500 200 % ₩ 70,609 Cash dividends (Year-end) 71,869,828 500 1,800 % 646,828 ₩ 717,437 2017 Cash dividends (Interim) 70,609,160 500 200 % ₩ 70,609 Cash dividends (Year-end) 70,609,160 500 1,800 % 635,482 ₩ 706,091 (2) Dividends yield ratio Dividends yield ratios for the years ended December 31, 2019, 2018 and 2017 are as follows: (In won) Year Dividend type Dividend per share Closing price at year-end Dividend yield ratio 2019 Cash dividends 10,000 238,000 4.20% 2018 Cash dividends 10,000 269,500 3.71% 2017 Cash dividends 10,000 267,000 3.75% |
Categories of Financial Instrum
Categories of Financial Instruments | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Categories of Financial Instruments | 34. Categories of Financial Instruments (1) Financial assets by category as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Financial FVTPL Equity Debt Financial assets Derivatives Total Cash and cash equivalents ₩ — — — 1,270,824 — 1,270,824 Financial instruments — — — 831,637 — 831,637 Short-term investment securities 166,666 — — — — 166,666 Long-term investment securities(*) 142,316 710,272 4,627 — — 857,215 Accounts receivable — trade — — — 2,247,895 — 2,247,895 Loans and other receivables 532,225 — — 1,131,342 — 1,663,567 Derivative financial assets 6,074 — — — 144,886 150,960 ₩ 847,281 710,272 4,627 5,481,698 144,886 7,188,764 (*) The Group designated ₩710,272 million of equity instruments that are not held for trading as financial assets at FVOCI. (In millions of won) December 31, 2018 Financial FVTPL Equity Debt Financial assets Derivatives Total Cash and cash equivalents ₩ — — — 1,506,699 — 1,506,699 Financial instruments — — — 1,046,897 — 1,046,897 Short-term investment securities 195,080 — — — — 195,080 Long-term investment securities(*) 120,083 542,496 2,147 — — 664,726 Accounts receivable — trade — — — 2,019,933 — 2,019,933 Loans and other receivables 489,617 — — 1,132,321 — 1,621,938 Derivative financial assets 15,586 — — — 39,871 55,457 ₩ 820,366 542,496 2,147 5,705,850 39,871 7,110,730 (*) The Group designated ₩542,496 million of equity instruments that are not held for trading as financial assets at FVOCI. (2) Financial liabilities by category as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Financial Derivatives Total Accounts payable — trade ₩ 438,297 — 438,297 Derivative financial liabilities — 1,043 1,043 Borrowings 2,043,140 — 2,043,140 Debentures 8,220,833 — 8,220,833 Lease liabilities 712,740 — 712,740 Accounts payable — other and others 6,563,030 — 6,563,030 ₩ 17,978,040 1,043 17,979,083 (In millions of won) December 31, 2018 Financial Financial Derivatives Total Accounts payable — trade ₩ — 381,302 — 381,302 Derivative financial liabilities — — 4,184 4,184 Borrowings — 2,184,996 — 2,184,996 Debentures(*) 61,813 7,405,039 — 7,466,852 Accounts payable — other and others — 6,762,782 — 6,762,782 ₩ 61,813 16,734,119 4,184 16,800,116 (*) Debentures classified as financial liabilities at FVTPL as of December 31, 2018 are structured bonds and they were designated as financial liabilities at FVTPL in order to eliminate a measurement inconsistency with the related derivatives. The debenture has been repaid during the year ended December 31, 2019 before its maturity. |
Financial Risk Management
Financial Risk Management | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Financial Risk Management | 35. Financial Risk Management (1) Financial risk management The Group is exposed to credit risk, liquidity risk and market risk. Market risk is the risk related to the changes in market prices, such as foreign exchange rates and interest rates. The Group implements a risk management system to monitor and manage these specific risks. The Group’s financial assets consist of cash and cash equivalents, financial instruments, investment securities, accounts receivable — trade and others, etc. Financial liabilities consist of accounts payable – other, borrowings, debentures, lease liabilities and others. 1) Market risk (i) Currency risk The Group incurs exchange position due to revenue and expenses from its global operations. Major foreign currencies where the currency risk occur are USD, JPY and EUR. The Group determines the currency risk management policy after considering the nature of business and the presence of methods that mitigate the currency risk for each Group entities. Currency risk occurs on forecasted transactions and recognized assets and liabilities which are denominated in a currency other than the functional currency of each Group entity. The Group manages currency risk arising from business transactions by using currency forwards, etc. Monetary assets and liabilities denominated in foreign currencies as of December 31, 2019 are as follows: (In millions of won, thousands of foreign currencies) Assets Liabilities Foreign currencies Won equivalent Foreign currencies Won USD 124,137 ₩ 143,726 1,588,591 ₩ 1,839,271 EUR 414 537 110 142 JPY 800,440 8,512 261,255 2,778 Others — 5,299 — 1,669 ₩ 158,074 ₩ 1,843,860 In addition, the Group has entered into cross currency swaps to hedge against currency risk related to foreign currency borrowings and debentures. (See note 21) As of December 31, 2019, a hypothetical change in exchange rates by 10% would have increased (reduced) the Group’s income before income tax as follows: (In millions of won) If increased by 10% If decreased by 10% USD ₩ 6,228 (6,228 ) EUR 40 (40 ) JPY 573 (573 ) Others 363 (363 ) ₩ 7,204 (7,204 ) (ii) Interest rate risk The interest rate risk of the Group arises from borrowings, debenture and long-term payables – other. Since the Group’s interest bearing assets are mostly fixed-interest bearing assets, the Group’s revenue and operating cash flows from the interest-bearing assets are not influenced by the changes in market interest rates. The Group performs various analysis to reduce interest rate risk and to optimize its financing. To minimize risks arising from changes in interest rates, the Group takes various measures such as refinancing, renewal, alternative financing and hedging. As of December 31, 2019, the floating-rate borrowings and bonds of the Group are ₩132,000 million and ₩347,340 million, respectively, and the Group has entered into interest rate swap agreements, as described in note 21, for the most of floating-rate borrowings and debentures to hedge interest rate risk. If the interest rate increases (decreases) 1% with all other variables held constant, income before income taxes would change by ₩200 million in relation to interest expenses on floating-rate borrowings that are exposed to interest rate risk, which would also change the year-end As of December 31, 2019, the floating-rate long-term payables – other are ₩2,051,389 million. If the interest rate increases (decreases) 1% with all other variables held constant, income before income taxes for the year ended December 31, 2019 would change by ₩ 20,514 million in relation to floating-rate long-term payables – other that are exposed to interest rate risk. 2) Credit risk The maximum credit exposure as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Cash and cash equivalents ₩ 1,270,572 1,506,432 Financial instruments 831,637 1,046,897 Investment securities 13,548 11,672 Accounts receivable — trade 2,247,895 2,019,933 Loans and other receivables 1,663,567 1,621,938 Derivative financial assets 150,960 55,457 ₩ 6,178,179 6,262,329 Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations. To manage credit risk, the Group evaluates the credit worthiness of each customer or counterparty considering the party’s financial information, its own trading records and other factors. Based on such information, the Group establishes credit limits for each customer or counterparty. (i) Accounts receivable — trade and contract assets The Group establishes a loss allowance in respect of accounts receivable – trade and contract assets. The main components of this allowance are a specific loss component that relates to individually significant exposures and a collective loss component established for groups of similar assets in respect of losses that are expected to occur. The collective loss allowance is determined based on historical data of collection statistics for similar financial assets. Details of changes in loss allowance during the year ended December 31, 2019 are included in note 7. (ii) Debt investments The credit risk arises from debt investments included in ₩831,637 million of financial instruments, ₩13,548 million of investment securities and ₩1,663,567 million of loans and other receivables. To limit the exposure to this risk, the Group transacts only with financial institutions with credit ratings that are considered to be low credit risk. Most of the Group’s debt investments are considered to have a low risk of default and the borrower has a strong capacity to meet its contractual cash flow obligations in the near term. Thus, the Group measured the loss allowance for the debt investments at an amount equal to 12-month Meanwhile, the Group monitors changes in credit risk at each reporting date. The Group recognized the loss allowance at an amount equal to lifetime expected credit losses when the credit risk on the debt investments is assumed to have increased significantly if it is more than 30 days past due. The Group’s maximum exposure to credit risk is equal to each financial asset’s carrying amount. The gross carrying amounts of each financial asset except for the accounts receivable – trade and derivative financial assets as of December 31, 2019 are as follows. (In millions of won) Financial assets at Financial At amortized cost 12-month ECL Lifetime ECL — not Lifetime ECL — Gross amount ₩ 541,146 4,627 1,887,321 49,360 123,196 Loss allowance — — (4,241 ) (8,704 ) (83,953 ) Carrying amount ₩ 541,146 4,627 1,883,080 40,656 39,243 Changes in the loss allowance for the debt investments during the year ended December 31, 2019 are as follows: (In millions of won) 12-month ECL Lifetime ECL — not Lifetime ECL — credit Total January 1, 2019 ₩ 3,305 10,760 101,823 115,888 Remeasurement of loss allowance, net 1,316 1,334 3,942 6,592 Transfer to lifetime ECL — not credit impaired (380 ) 380 — — Transfer to lifetime ECL — credit impaired — (2,790 ) 2,790 — Amounts written off — (1,515 ) (32,165 ) (33,680 ) Recovery of amounts written off — — 7,563 7,563 Business combinations — 535 — 535 December 31, 2019 ₩ 4,241 8,704 83,953 96,898 (iii) Cash and cash equivalents The Group has ₩1,270,572 million of cash and cash equivalents with banks and financial institutions above specific credit ratings as of December 31, 2019. (₩1,506,432 million as of December 31, 2018). Impairment on cash and cash equivalents has been measured on a 12-month 3) Liquidity risk The Group’s approach to managing liquidity is to ensure that it will always maintain sufficient cash and cash equivalents balances and have enough liquidity through various committed credit lines. The Group maintains enough liquidity within credit lines through active operating activities. Contractual maturities of financial liabilities as of December 31, 2019 are as follows: (In millions of won) Carrying Contractual Less than 1 - 5 years More than Accounts payable — trade ₩ 438,297 438,297 438,297 — — Borrowings(*) 2,043,140 2,412,647 159,416 2,253,231 — Debentures(*) 8,220,833 9,493,178 1,184,309 5,237,357 3,071,512 Lease liabilities 712,740 757,871 315,793 335,727 106,351 Accounts payable — other and others(*) 6,563,030 6,704,379 5,005,857 1,124,389 574,133 ₩ 17,978,040 19,806,372 7,103,672 8,950,704 3,751,996 (*) Includes interest payables. The Group does not expect that the cash flows included in the maturity analysis could occur significantly earlier or at different amounts. As of December 31, 2019, periods in which cash flows from cash flow hedge derivatives are expected to occur are as follows: (In millions of won) Carrying Contractual Less than 1 - 5 years More than Assets ₩ 144,886 147,386 44,872 103,142 (628 ) Liabilities (1,043 ) (1,043 ) — (1,043 ) — ₩ 143,843 146,343 44,872 102,099 (628 ) (2) Capital management The Group manages its capital to ensure that it will be able to continue as a business while maximizing the return to shareholders through the optimization of its debt and equity structure. The overall strategy of the Group is the same as that of the Group as of and for the year ended December 31, 2018. The Group monitors its debt-equity ratio as a capital management indicator. This ratio is calculated as total liabilities divided by total equity; both are from the financial statements. Debt-equity ratio as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, December 31, Total liabilities ₩ 21,788,084 20,019,861 Total equity 22,823,536 22,349,250 Debt-equity ratios 95.46 % 89.58 % (3) Fair value 1) Fair value and carrying amount of financial assets and liabilities including fair value hierarchy as of December 31, 2019 are as follows: (In millions of won) December 31, 2019 Carrying Level 1 Level 2 Level 3 Total Financial assets that are measured at fair value: FVTPL ₩ 847,281 — 668,891 178,390 847,281 Derivatives hedging instruments 144,886 — 144,886 — 144,886 FVOCI 714,899 407,651 — 307,248 714,899 ₩ 1,707,066 407,651 813,777 485,638 1,707,066 Financial liabilities that are measured at fair value: Derivatives hedging instruments ₩ 1,043 — 1,043 — 1,043 Financial liabilities that are not measured at fair value: Borrowings ₩ 2,043,140 — 2,191,037 — 2,191,037 Debentures 8,220,833 — 8,714,408 — 8,714,408 Long-term payables — other 1,974,006 — 2,008,493 — 2,008,493 ₩ 12,237,979 — 12,913,938 — 12,913,938 2) Fair value and carrying amount of financial assets and liabilities including fair value hierarchy as of December 31, 2018 are as follows: (In millions of won) December 31, 2018 Carrying Level 1 Level 2 Level 3 Total Financial assets that are measured at fair value: FVTPL ₩ 820,366 — 695,992 124,374 820,366 Derivatives hedging instruments 39,871 — 39,871 — 39,871 FVOCI 544,643 293,925 — 250,718 544,643 ₩ 1,404,880 293,925 735,863 375,092 1,404,880 Financial liabilities that are measured at fair value: FVTPL ₩ 61,813 — 61,813 — 61,813 Derivatives hedging instruments 4,184 — 4,184 — 4,184 ₩ 65,997 — 65,997 — 65,997 Financial liabilities that are not measured at fair value: Borrowings ₩ 2,184,996 — 2,378,843 — 2,378,843 Debentures 7,405,039 — 7,868,472 — 7,868,472 Long-term payables — other 2,393,027 — 2,469,653 — 2,469,653 ₩ 11,983,062 — 12,716,968 — 12,716,968 The above information does not include fair values of financial assets and liabilities of which fair values have not been measured as carrying amounts are reasonable approximation of fair values. Fair value of the financial instruments that are traded in an active market (financial assets at FVOCI) is measured based on the bid price at the end of the reporting date. The Group uses various valuation methods for determination of fair value of financial instruments that are not traded in an active market. Derivative financial contracts and long-term liabilities are measured using the discounted present value methods. Other financial assets are determined using the methods such as discounted cash flow and market approach. Inputs used to such valuation methods include swap rate, interest rate, and risk premium, and the Group performs valuation using the inputs which are consistent with natures of assets and liabilities measured. Interest rates used by the Group for the fair value measurement as of December 31, 2019 are as follows: Interest rate Derivative instruments 1.68% ~ 1.89% Borrowings and debentures 1.65% ~ 2.41% Long-term payables — other 1.59% ~ 1.90% 3) There have been no transfers between Level 2 and Level 1 for year ended December 31, 2019. The changes of financial assets classified as Level 3 for the year ended December 31, 2019 are as follows: (In millions of won) Balance at January 1, Loss for the OCI Acquisition Disposal Transfer Balance at December 31, FVTPL ₩ 124,374 (5,417 ) 2,345 58,361 (9,264 ) 7,991 178,390 FVOCI 250,718 — (7,716 ) 92,445 (6,306 ) (21,893 ) 307,248 ₩ 375,092 (5,417 ) (5,371 ) 150,806 (15,570 ) (13,902 ) 485,638 (4) Enforceable master netting agreement or similar agreement Carrying amount of financial instruments recognized of which offset agreements are applicable as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Gross Amount Net financial Relevant financial Net Financial assets: Accounts receivable — trade and others ₩ 102,241 (100,895 ) 1,346 — 1,346 Financial liabilities: Accounts payable — other and others ₩ 100,895 (100,895 ) — — — (In millions of won) December 31, 2018 Gross Amount Net financial Relevant financial Net Financial assets: Derivatives(*) ₩ 1,867 — 1,867 (1,107 ) 760 Accounts receivable — trade and others 95,990 (95,920 ) 70 — 70 ₩ 97,857 (95,920 ) 1,937 (1,107 ) 830 Financial liabilities: Derivatives(*) ₩ 1,107 — 1,107 (1,107 ) — Accounts payable — other and others 95,920 (95,920 ) — — — ₩ 97,027 (95,920 ) 1,107 (1,107 ) — (*) The balance represents the net amount under the standard terms and conditions of International Swap and Derivatives Association. |
Transactions with Related Parti
Transactions with Related Parties | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Transactions with Related Parties | 36. Transactions with Related Parties (1) List of related parties Relationship Company Ultimate Controlling Entity SK Holdings Co., Ltd. Joint ventures Dogus Planet, Inc. and 3 others Associates SK hynix Inc. and 44 others Others The Ultimate Controlling Entity’s subsidiaries and associates, etc. For the periods presented, the Group belongs to SK Group, a conglomerate as defined in the Monopoly Regulation and Fair Trade Act of the Republic of Korea (2) Compensation for the key management The Parent Company considers registered directors (3 executive and 5 non-executive (In millions of won) 2019 2018 2017 Salaries ₩ 5,969 4,488 2,169 Defined benefits plan expenses 1,237 920 258 Share option 325 548 414 ₩ 7,531 5,956 2,841 Compensation for the key management includes salaries, non-monetary (3) Transactions with related parties for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 Scope Company Operating Operating Acquisition of Ultimate Controlling Entity SK Holdings Co., Ltd.(*2) ₩ 53,507 612,248 95,426 Associates F&U Credit information Co., Ltd. 2,293 55,179 — SK hynix Inc.(*3) 273,047 481 — KEB HanaCard Co., Ltd. 832 1,901 — SK Wyverns Co., Ltd. 1,399 21,528 — Others(*4) 17,286 13,864 457 294,857 92,953 457 Others SK Engineering & Construction Co., Ltd. 13,339 1,601 7,400 SK Innovation Co., Ltd. 26,697 2,777 — SK Networks Co., Ltd.(*5) 29,321 1,088,443 449 SK Networks Services Co., Ltd. 1,056 76,671 4,979 SK Telesys Co., Ltd. 474 9,686 59,392 SK TNS Co., Ltd. 240 35,824 607,546 SK Energy Co., Ltd. 16,294 516 — SK hynix Semiconductor (China) Ltd. 73,542 — — SK Global Chemical InternationalTrading (Shanghai) Co., Ltd. 14,535 131 — Others 90,307 105,569 109,189 265,805 1,321,218 788,955 ₩ 614,169 2,026,419 884,838 (*1) Operating expense and others include lease payments by the Group. (*2) Operating expense and others include ₩216,241 million of dividends paid by the Parent Company. (*3) Operating revenue and others include ₩219,150 million of dividends received from SK hynix Inc. which was deducted from the investments in associates. (*4) Operating revenue and others include ₩11,955 million of dividends declared by Korea IT Fund, UniSK and KIF-Stonebridge (*5) Operating expenses and others include costs for handset purchases amounting to ₩1,043,902 million. (In millions of won) 2018 Scope Company Operating Operating Acquisition of Collection Ultimate Controlling Entity SK Holdings Co., Ltd.(*1) ₩ 20,050 601,176 151,502 — Associates F&U Credit information Co., Ltd. 2,777 54,857 — — HappyNarae Co., Ltd.(*2) 1,002 20,286 88,327 — SK hynix Inc.(*3) 179,708 313 — — KEB HanaCard Co., Ltd. 15,046 15,387 — — Others(*4) 5,924 35,296 1,202 204 204,457 126,139 89,529 204 Others SK Engineering & Construction Co., Ltd. 4,662 1,122 8,700 — SK Innovation Co., Ltd.(*5) 44,010 996 — — SK Networks Co., Ltd.(*6) 23,078 1,189,404 460 — SK Networks Services Co., Ltd. 774 90,723 5,478 — SK Telesys Co., Ltd. 362 10,945 127,840 — SK TNS Co., Ltd. 140 31,220 493,793 — SK Energy Co., Ltd.(*5) 15,134 897 — — SK Gas Co., Ltd. 7,653 2 — — SKC Infra Service Co., Ltd. 57 50,829 24,761 — Others(*5) 55,224 19,323 — — 151,094 1,395,461 661,032 — ₩ 375,601 2,122,776 902,063 204 (*1) Operating expense and others include ₩203,635 million of dividends paid by the Parent Company. (*2) Transactions with HappyNarae Co., Ltd. occurred before disposal. (*3) Operating revenue and others include ₩146,100 million of dividends received from SK hynix Inc. which was deducted from the investments in associates. (*4) Operating revenue and others include ₩4,587 million of dividends received from Korea IT Fund, KIF-Stonebridge (*5) Operating revenue and others include ₩68,500 million received from disposal of the real estate investment fund to SK Innovation Co., Ltd., SK Energy Co., Ltd., SK Lubricants Co., Ltd., SK Trading International Co., Ltd. and SK Global Chemical Co., Ltd. (*6) Operating expenses and others include costs for handset purchases amounting to ₩1,100,370 million. (In millions of won) 2017 Scope Company Operating Operating Acquisition of Collection Ultimate Controlling Entity SK Holdings Co., Ltd.(*1) ₩ 25,049 600,600 283,556 — Associates F&U Credit information Co., Ltd. 3,431 52,150 153 — HappyNarae Co., Ltd. 3,025 29,276 68,472 — SK hynix Inc.(*2) 123,873 251 — — KEB HanaCard Co., Ltd. 17,873 15,045 — — Others(*3) 10,720 33,389 940 204 158,922 130,111 69,565 204 Others SK Engineering & Construction Co., Ltd. 5,865 1,077 — — SK Networks Co., Ltd. 21,694 1,220,251 671 — SK Networks Services Co., Ltd. 510 96,949 6,346 — SK Telesys Co., Ltd. 417 51,394 152,659 — SK TNS Co., Ltd. 137 37,051 494,621 — SK Energy Co., Ltd. 8,505 779 — — SK Gas Co., Ltd. 2,727 4 — — SK Innovation Co., Ltd. 7,639 950 — — SK Shipping Co., Ltd. 3,183 35 — — Ko-one 5,164 44 — — SK Infosec Co., Ltd. 1,185 52,634 15,648 — SKC Infra Service Co., Ltd. 19 46,900 47,163 — Others 18,233 28,209 17 — 75,278 1,536,277 717,125 — ₩ 259,249 2,266,988 1,070,246 204 (*1) Operating expense and others include ₩203,635 million of dividends paid by the Parent Company. (*2) Operating revenue and others include ₩87,660 million of dividends declared by SK hynix Inc. which was deducted from the investments in associates. (*3) Operating revenue and others include ₩6,597 million of dividends received from the Korea IT Fund and others. (4) Account balances with related parties as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Receivables Payables Scope Company Loans Accounts Accounts Ultimate Controlling Entity SK Holdings Co., Ltd. ₩ — 7,941 87,519 Associates F&U Credit information Co., Ltd. — 2 4,869 SK hynix Inc. — 21,510 48 Wave City Development Co., Ltd. — 31,523 — Daehan Kanggun BcN Co., Ltd.(*) 22,147 5,359 — KEB HanaCard Co., Ltd. — 1,025 9,474 Others 204 2,490 2,262 22,351 61,909 16,653 Others SK Engineering & Construction Co., Ltd. — 4,422 97 SK Innovation Co., Ltd. — 7,496 22,673 SK Networks. Co., Ltd. — 3,469 85,421 SK Networks Services Co., Ltd. — — 10,820 SK Telesys Co., Ltd. — 30 16,319 SK TNS Co., Ltd. — 14 200,703 SK Energy Co., Ltd. — 2,757 1,886 SK hystec Co., Ltd. — 848 687 SK hynix Semiconductor (China) Ltd. — 8,556 — Others — 22,529 40,073 — 50,121 378,679 ₩ 22,351 119,971 482,851 (*) As of December 31, 2019, the Parent Company recognized full allowance for the balance of loans to Daehan Kanggun BcN Co., Ltd. (In millions of won) December 31, 2018 Receivables Payables Scope Company Loans Accounts Accounts Ultimate Controlling Entity SK Holdings Co., Ltd. ₩ — 5,987 139,260 Associates F&U Credit information Co., Ltd. — 98 5,801 SK hynix Inc. — 14,766 89 Wave City Development Co., Ltd. — 37,263 — Daehan Kanggun BcN Co., Ltd.(*) 22,147 — — KEB HanaCard Co., Ltd. — 541 11,311 Others 407 130 1,764 22,554 52,798 18,965 Others SK Engineering & Construction Co., Ltd. — 1,561 760 SK Networks. Co., Ltd. — 2,647 167,433 SK Networks Services Co., Ltd. — 54 8,946 SK Telesys Co., Ltd. — 154 39,188 SK TNS Co., Ltd. — — 89,017 SK Innovation Co., Ltd. — 4,696 1,019 SK Energy Co., Ltd. — 5,511 887 SK Gas Co., Ltd. — 2,225 60 SK hystec Co., Ltd. — 2,661 75 Others — 8,958 8,066 — 28,467 315,451 ₩ 22,554 87,252 473,676 (*) As of December 31, 2018, the Parent Company recognized the entire balance of loans to Daehan Kanggun BcN Co., Ltd. as loss allowances. (5) SK Infosec Co., Ltd., a subsidiary of the Parent Company, provided a blank note to SK Holdings Co., Ltd. with regards to performance guarantee. (6) SK Telink Co., Ltd., a subsidiary of the Parent Company is holding a blank note provided by SK Holdings Co., Ltd. with regards to a performance guarantee. (7) The details of additional investments and disposal of associates and joint ventures for the year ended December 31, 2019 as presented in note 13. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Commitments and Contingencies | 37. Commitments and Contingencies (1) Collateral assets and commitments SK Broadband Co., Ltd., a subsidiary of the Parent Company, has pledged its properties as collateral for leases on buildings in the amount of ₩4,013 million as of December 31, 2019. In addition, Life & Security Holdings Co., Ltd., a subsidiary of the Parent Company, has pledged its shares of ADT CAPS Co., Ltd., CAPSTEC Co., Ltd. and ADT SECURITY Co., Ltd. for the long-term borrowings with a face value of ₩1,900,000 million as of December 31, 2019. (2) Legal claims and litigations As of December 31, 2019 the Group is involved in various legal claims and litigation. Provision recognized in relation to these claims and litigation is immaterial. In connection with those legal claims and litigation for which no provision was recognized, management does not believe the Group has a present obligation, nor is it expected any of these claims or litigation will have a significant impact on the Group’s financial position or operating results in the event an outflow of resources is ultimately necessary. Meanwhile, the pending litigation over the validity of partnership contract that SK Planet Co., Ltd., a subsidiary of the Parent Company, was involved as the defendant (Plaintiff: Nonghyup Bank) was settled by the agreement between the parties during the year ended December 31, 2018. As a result of the settlement, the credit card business partnership between the SK Planet Co., Ltd. and Nonghyup Bank will be maintained until April 2021, and the SK Planet Co., Ltd. is obligated to pay the commission fees based on the customers’ credit card usage until September 2021, the expiration date of the credit cards. The Group determined that the contract and the subsidiary agreements meet the definition of an onerous contract according to IAS 37, for which the Group recognized provisions with the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. In this regard, ₩32,104 million and ₩18,018 million are recognized as current provisions and non-current (3) Accounts receivable from sale of handsets The sales agents of the Parent Company sell handsets to the Parent Company’s subscribers on an installment basis. The Parent Company entered into comprehensive agreements to purchase accounts receivable from handset sales with retail stores and authorized dealers and to transfer the accounts receivable from handset sales to special purpose companies which were established with the purpose of liquidating receivables, respectively. The accounts receivable from sale of handsets amounting to ₩646,837 million as of December 31, 2019 which the Parent Company purchased according to the relevant comprehensive agreement are recognized as accounts receivable — other and long-term accounts receivable — other. (4) On April 26, 2019, the board of directors of SK Broadband Co., Ltd., a subsidiary of the Parent Company resolved to approve SK Broadband Co., Ltd.’s merger with Tbroad Co., Ltd., Tbroad Dongdaemun Broadcasting Co., Ltd. and Korea Digital Cable Media Center Co., Ltd. in order to strengthen the competitiveness and enhance the synergy as a comprehensive media company. SK Broadband Co., Ltd. will merge Tbroad Co., Ltd., Tbroad Dongdaemun Broadcasting Co., Ltd. and Korea Digital Cable Media Center Co., Ltd. which are planned to be merged and dissolved on the date of merger expected to be April 30, 2020. The Group obtained a conditional approval from regulatory authorities on January 21, 2020. |
Statements of Cash Flows
Statements of Cash Flows | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Statements of Cash Flows | 38. Statements of Cash Flows (1) Adjustments for income and expenses from operating activities for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Interest income ₩ (63,401 ) (69,936 ) (76,045 ) Dividends (10,011 ) (35,143 ) (12,416 ) Gain on foreign currency translations (4,576 ) (2,776 ) (7,110 ) Gain on disposal of long-term investment securities — — (4,890 ) Gain on valuation of derivatives (2,499 ) (6,532 ) (223,943 ) Gain on settlement of derivatives (29,277 ) (20,399 ) — Gain relating to investments in subsidiaries, associates and joint ventures, net (449,543 ) (3,270,912 ) (2,245,732 ) Gain on sale of accounts receivable — other (15,855 ) (20,023 ) (18,548 ) Gain on disposal of property and equipment and intangible assets (8,942 ) (38,933 ) (13,991 ) Gain on business transfer (69,522 ) — — Gain relating to financial assets at FVTPL (4,504 ) (83,636 ) (33 ) Gain relating to financial liabilities at FVTPL (56 ) — — Reversal of impairment loss on available-for-sale — — (9,900 ) Other income (1,890 ) (952 ) (1,129 ) Interest expense 397,890 307,319 299,100 Loss on foreign currency translations 4,948 2,397 8,419 Loss on disposal of long-term investment securities — — 36,024 Other finance costs — — 14,519 Loss on sale of accounts receivable — other 5,823 — 9,682 Loss on settlement of derivatives 641 12,554 10,031 Income tax expense 300,713 843,978 745,654 Expense related to defined benefit plan 175,165 147,722 127,696 Share option 2,073 789 414 Depreciation and amortization 3,935,841 3,284,339 3,247,519 Bad debt expense 28,841 38,211 34,584 Loss on disposal of property and equipment and intangible assets 56,248 87,257 60,086 Impairment loss on property and equipment and intangible assets 65,935 255,839 54,946 Loss relating to financial liabilities at FVTPL 43 1,535 678 Loss relating to financial assets at FVTPL 7,753 22,507 — Bad debt for accounts receivable — other 5,802 7,718 5,793 Loss on impairment of investment assets 1,670 3,157 9,003 Other expenses 21,727 102,839 46,353 ₩ 4,351,037 1,568,919 2,096,764 (2) Changes in assets and liabilities from operating activities for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Accounts receivable — trade ₩ (211,712 ) 175,841 46,144 Accounts receivable — other 48,399 319,913 (159,960 ) Accrued income 151 — 14 Advanced payments (12,204 ) 13,393 (1,269 ) Prepaid expenses (660,891 ) (3,597 ) (28,362 ) Inventories 115,893 (13,429 ) (17,958 ) Long-term accounts receivable — other (56,216 ) 11,064 (137,979 ) Guarantee deposits 6,392 (258 ) 14,696 Contract assets (68,805 ) 9,161 — Accounts payable — trade (23,607 ) (58,487 ) (26,151 ) Accounts payable — other 167,595 (271,128 ) 134,542 Advanced receipts — — (13,470 ) Contract liabilities 33,574 11,328 — Withholdings (31,545 ) 129,492 (13,041 ) Deposits received (3,112 ) (333 ) (4,916 ) Accrued expenses 117,367 (102,246 ) 116,065 Unearned revenue — — (339 ) Provisions (37,134 ) (4,298 ) (20,488 ) Long-term provisions (1,699 ) 1,193 (2,449 ) Plan assets (130,790 ) (123,075 ) (95,828 ) Retirement benefit payment (84,098 ) (63,957 ) (60,883 ) Others (3,893 ) (4,628 ) 10,164 ₩ (836,335 ) 25,949 (261,468 ) (3) Significant non-cash (In millions of won) 2019 2018 2017 Increase in accounts payable — other relating to acquisition of property and equipment and intangible assets ₩ 438,622 1,162,301 44,214 Increase of right-of-use 618,811 — — Investment in subsidiary from comprehensive stock exchange — 129,595 — Contribution in kind for investments 78,900 — — (4) Reconciliation of liabilities arising from financing activities for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 December 31, Impact January 1, Cash Non-cash Exchange Fair Business combinations Other December 31, Total liabilities from financing activities: Short-term borrowings ₩ 80,000 — 80,000 (59,860 ) (2 ) — 465 — 20,603 Long-term borrowings 2,104,996 — 2,104,996 (89,882 ) 1,129 — — 6,294 2,022,537 Debentures 7,466,852 — 7,466,852 693,444 59,157 223 — 1,157 8,220,833 Lease liabilities — 663,827 663,827 (393,398 ) — — 955 441,356 712,740 Long-term payables — other 2,393,027 — 2,393,027 (428,153 ) (84 ) — — 6,819 1,971,609 Derivative financial liabilities 4,184 — 4,184 626 83 (3,850 ) — — 1,043 Derivative financial assets (55,457 ) — (55,457 ) 11,800 — (98,958 ) — (2,271 ) (144,886 ) ₩ 11,993,602 663,827 12,657,429 (265,423 ) 60,283 (102,585 ) 1,420 453,355 12,804,479 Other cash flows from financing activities: Payments of cash dividends ₩ (718,698 ) Payments of interest on hybrid bonds (14,766 ) Disposal of treasury shares 300,000 Cash inflow from transactions with the non-controlling 101,398 Cash outflow from transactions with the non-controlling (39,345 ) (371,411 ) ₩ (636,834 ) (In millions of won) 2018 January 1, Cash Non-cash Exchange Fair value Business combinations Other December 31, Total liabilities from financing activities: Short-term borrowings ₩ 130,000 (87,701 ) — — 36,201 1,500 80,000 Long-term borrowings 252,817 139,406 2,281 — 1,708,638 1,854 2,104,996 Debentures 7,086,187 321,671 55,523 1,911 — 1,560 7,466,852 Long-term payables – other 1,641,081 (305,644 ) — — — 1,057,590 2,393,027 Derivative financial liabilities 39,470 (4,031 ) 13,595 (7,163 ) — (37,687 ) 4,184 Derivative financial assets (253,213 ) (2,000 ) 2,000 (19,849 ) — 217,605 (55,457 ) ₩ 8,896,342 61,701 73,399 (25,101 ) 1,744,839 1,242,422 11,993,602 Other cash flows from financing activities: Payments of cash dividends ₩ (706,091 ) Issuance of hybrid bonds 398,759 Repayment of hybrid bonds (400,000 ) Payments of interest on hybrid bonds (15,803 ) Capital increase by subsidiaries and others 499,926 Transactions with the non-controlling (76,805 ) (300,014 ) ₩ (238,313 ) |
Cash Dividends paid to the Pare
Cash Dividends paid to the Parent Company | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Cash Dividends paid to the Parent Company | 39. Cash Dividends paid to the Parent Company Cash dividends paid to the Parent Company for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Cash dividends received from consolidated subsidiaries ₩ 287,549 61,985 — Cash dividends received from associates 2 2 149,815 89,063 ₩ 515,049 211,800 89,063 |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Statement [LineItems] | |
Operating segments | (1) Operating segments An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. The Group’s operating segments have been determined to be each business unit, for which the Group generates separately identifiable financial information that is regularly reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance. The Group has five reportable segments as described in note 5. Segment results that are reported to the chief operating decision maker include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. |
Basis of consolidation | (2) Basis of consolidation 1) Business combination A business combination is accounted for by applying the acquisition method, unless it is a combination involving entities or businesses under common control. Consideration transferred is generally measured at fair value, identical to the measurement of identifiable net assets acquired at fair value. The difference between the acquired company’s fair value and the consideration transferred is accounted for goodwill. Any goodwill that arises is tested annually for impairment. Any gain on a bargain purchase is recognized in profit or loss immediately. Acquisition-related costs are expensed in the periods in which the costs are incurred and the services are received excluding costs to issue debt or equity securities recognized based on IAS 32 and IFRS 9. Consideration transferred does not include the amount settled in relation to the pre-existing pre-existing Contingent consideration is measured at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. If contingent consideration is not classified as equity, the Group subsequently recognizes changes in fair value of contingent consideration through profit or loss. 2) Non-controlling Non-controlling Changes in a Controlling Company’s ownership interest in a subsidiary that do not result in the Controlling Company losing control of the subsidiary are accounted for as equity transactions. 3) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Consolidation of an investee begins from the date the Group obtains control of the investee and cease when the Group loses control of the investee. 4) Loss of control If the Group loses control of a subsidiary, the Group derecognizes the assets and liabilities of the former subsidiary from the consolidated statement of financial position and recognizes gain or loss associated with the loss of control attributable to the former controlling interest. Any investment retained in the former subsidiary is recognized at its fair value when control is lost. 5) Interest in investees accounted for using the equity method Interest in investees accounted for using the equity method composed of interest in associates and joint ventures. An associate is an entity in which the Group has significant influence, but not control, over the entity’s financial and operating policies. A joint venture is a joint arrangement whereby the Group that has joint control of the arrangement has rights to the net assets of the arrangement. The investment in an associate and a joint venture is initially recognized at cost including transaction costs and the carrying amount is increased or decreased to recognize the Group’s share of the profit or loss and changes in equity of the associate or the joint venture after the date of acquisition. The investment in an associate and a joint venture is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of that asset that can be estimated reliably. • significant financial difficulty of the associate or joint venture; • a breach of contract, such as a default or delinquency in payments by the associate or joint venture; • the entity, for economic or legal reasons relating to its associate’s or joint venture’s financial difficulty, granting to the associate or joint venture a concession that the entity would not otherwise consider; • it becoming probable that the associate or joint venture will enter bankruptcy or other financial reorganization; or • the disappearance of an active market for the net investment because of financial difficulties of the associate or joint venture. 6) Intra-group transactions Intra-group balances and transactions, and any unrealized income and expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. The Group’s share of unrealized gain incurred from transactions with investees accounted for using the equity method are eliminated and unrealized loss are eliminated using the same basis if there are no evidence of asset impairments. 7) Business combinations under common control SK Holdings Co., Ltd. is the ultimate controlling entity of the Group. The assets and liabilities acquired under business combination under common control are recognized at the carrying amounts in the ultimate controlling shareholder’s consolidated financial statements. The difference between consideration and carrying amount of net assets acquired is added to or subtracted from capital surplus and others. |
Cash and cash equivalents | (3) Cash and cash equivalents Cash and cash equivalents comprise cash balances, call deposits and investment securities with maturities of three months or less from the acquisition date that are easily convertible to cash and subject to an insignificant risk of changes in their fair value. |
Inventories | (4) Inventories Inventories are initially recognized at the acquisition cost and subsequently measured using the weighted average method. During the period, a perpetual inventory system is used to track inventory quantities, which is adjusted based on the physical inventory counts performed at the period end. When the net realizable value of inventories is less than cost, the carrying amount is reduced to the net realizable value, and any difference is charged to current period as operating expenses. |
Financial assets - Policies applicable from January 1, 2018 | (6) Financial assets — Policies applied before January 1, 2018 The Group recognizes and measures non-derivative held-to-maturity available-for-sale Upon initial recognition, non-derivative 1) Financial assets at fair value through profit or loss A financial asset is classified as financial asset at fair value through profit or loss if it is held for trading or is designated as such upon initial recognition. Upon initial recognition, transaction costs are recognized in profit or loss when incurred. Financial assets at fair value through profit or loss are measured at fair value, and changes therein are recognized in profit or loss. 2) Held-to-maturity A non-derivative held-to-maturity held-to-maturity 3) Loans and receivables Loans and receivables are financial assets with fixed or determinable payments that are not quoted in an active market. Subsequent to initial recognition, loans and receivables are measured at amortized cost using the effective interest method except for loans and receivables of which the effect of discounting is immaterial. 4) Available-for-sale Available-for-sale non-derivative available-for-sale held-to-maturity 5) Impairment of financial assets A financial asset not carried at fair value through profit or loss is assessed at each reporting date to determine whether there is objective evidence that it is impaired. A financial asset is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event had a negative effect on the estimated future cash flows of the asset that can be reliably estimated. However, losses expected as a result of future events, regardless of likelihood, are not recognized. Objective evidence that a financial asset is impaired includes following loss events: • significant financial difficulty of the issuer or obligor; • a breach of contract, such as default or delinquency in interest or principal payments; • the lender, for economic or legal reasons relating to the borrower’s financial difficulty, granting to the borrower a concession that the lender would not otherwise consider; • it becoming probable that the borrower will enter bankruptcy or other financial reorganization; • the disappearance of an active market for that financial asset because of financial difficulties; or • observable data indicating that there is a measurable decrease in the estimated future cash flows from a group of financial assets since the initial recognition of those assets, although the decrease cannot yet be identified with the individual financial assets in the group. In addition, for an investment in an equity security classified as available-for-sale If financial assets have objective evidence that they are impaired, impairment losses are measured and recognized. (i) Financial assets measured at amortized cost An impairment loss in respect of a financial asset measured at amortized cost is calculated as the difference between its carrying amount and the present value of its estimated future cash flows discounted at the asset’s original effective interest rate. The Group can recognize impairment losses directly or by establishing an allowance account. If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be objectively related to an event occurring after the impairment was recognized (such as an improvement in the debtor’s credit rating), the previously recognized impairment loss is reversed either directly or by adjusting an allowance account. (ii) Financial assets carried at cost If there is objective evidence that an impairment loss has occurred on an unquoted equity instrument that is not carried at fair value because its fair value cannot be reliably measured, or on a derivative asset that is linked to and must be settled by delivery of such an unquoted equity instrument, the amount of the impairment loss is measured as the difference between the carrying amount of the financial asset and the present value of estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment losses are not reversed. (iii) Available-for-sale When a decline in the fair value of an available-for-sale available-for-sale available-for-sale 6) De-recognition The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire or the Group transfers the rights to receive the cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Group is recognized as a separate asset or liability. If the Group retains substantially all the risks and rewards of ownership of the transferred financial assets, the Group continues to recognize the transferred financial assets and recognizes financial liabilities for the consideration received. 7) Offsetting between financial assets and financial liabilities Financial assets and liabilities are offset and presented in net in the statement of financial position when, and only when, the Group currently has a legally enforceable right to offset the recognized amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. |
Derivative financial instruments, including hedge accounting | (7) Derivative financial instruments and hedge accounting Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value at the end of each reporting period, and changes therein are accounted for as described below. 1) Hedge accounting The Group holds forward exchange contracts, interest rate swaps, currency swaps and other derivative contracts to manage interest rate risk and foreign exchange risk. The Group designates derivatives as hedging instruments to hedge the foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group formally documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction, together with the methods that will be used to assess the effectiveness of the hedging relationship. Cash flow hedge When a derivative is designated to hedge the variability in cash flows attributable to a particular risk associated with a recognized asset or liability or a highly probable forecasted transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income, net of tax, and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognized immediately in profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated, exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. 2) Other derivative financial instruments Other derivative financial instrument not designated as a hedging instrument are measured at fair value, and the changes in fair value of the derivative financial instrument is recognized immediately in profit or loss. |
Property and equipment | (8) Property and equipment Property and equipment are initially measured at cost. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Property and equipment, subsequently, are carried at cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are recognized in the carrying amount of property and equipment at cost or, if appropriate, as a separate item if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be reliably measured. The carrying amount of the replaced part is derecognized. The costs of the day-to-day Property and equipment, except for land, are depreciated on a straight-line basis over estimated useful lives that appropriately reflect the pattern in which the asset’s future economic benefits are expected to be consumed. A component that is significant compared to the total cost of property and equipment is depreciated over its separate useful life. Gains and losses on disposal of an item of property and equipment are determined by comparing the proceeds from disposal with the carrying amount of property and equipment and are recognized as other operating income (loss). The estimated useful lives of the Group’s property and equipment are as follows: Useful lives (years) Buildings and structures 15 ~ 40 Machinery 3 ~ 15 Other property and equipment 2 ~ 10 Right-of-use 1 ~ 50 Depreciation methods, useful lives, and residual values are reviewed at the end of each reporting date and adjusted, if appropriate. The change is accounted for as a change in an accounting estimate. |
Borrowing costs | (9) Borrowing costs The Group capitalizes borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset as part of the cost of that asset. Other borrowing costs are recognized in expense as incurred. A qualifying asset is an asset that requires a substantial period of time to get ready for its intended use or sale. Financial assets are not qualifying assets, and assets that are ready for their intended use or sale when acquired are not qualifying assets either. To the extent that the Group borrows funds specifically for the purpose of obtaining a qualifying asset, the Group determines the amount of borrowing costs eligible for capitalization as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings. To the extent that the Group borrows funds generally and uses them for the purpose of obtaining a qualifying asset, the Group determines the amount of borrowing costs eligible for capitalization by applying a capitalization rate to the expenditures on that asset. The capitalization rate is the weighted average of the borrowing costs applicable to the borrowings of the Group that are outstanding during the period other than borrowings made specifically for the purpose of obtaining a qualifying asset. The amount of borrowing costs that the Group capitalizes during a period do not exceed the amount of borrowing costs incurred during the period. |
Intangible assets | (10) Intangible assets Intangible assets are measured initially at cost and, subsequently, are carried at cost less accumulated amortization and accumulated impairment losses. Intangible assets, except for goodwill, are amortized on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use. The residual value of intangible assets is zero. However, club memberships and brand are expected to be available for use as there are no foreseeable limits to the periods. These intangible assets are determined as having indefinite useful lives and, therefore, not amortized. The estimated useful lives of the Group’s intangible assets are as follows: Useful lives (years) Frequency usage rights 5 ~ 10 Land usage rights 5 Industrial rights 5, 10 Development costs 3 ~ 5 Facility usage rights 10, 20 Customer relations 3 ~ 20 Other 3 ~ 20 Amortization periods and the amortization methods for intangible assets with finite useful lives are reviewed at the end of each reporting period. The useful lives of intangible assets that are not being amortized are reviewed at the end of each reporting period to determine whether events and circumstances continue to support indefinite useful life assessments for those assets. Changes, if appropriate, are accounted for as changes in accounting estimates. Expenditures on research activities are recognized in profit or loss as incurred. Development expenditures are capitalized only if development costs can be reliably measured, the product or process is technically and commercially feasible, future economic benefits are probable, and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditures are recognized in profit or loss as incurred. Subsequent expenditures are capitalized only when they increase the future economic benefits embodied in the specific asset to which it relates. All other expenditures, including expenditures on internally generated goodwill and brands, are recognized in profit or loss as incurred. |
Government grants | (11) Government grants Government grants are not recognized unless there is reasonable assurance that the Group will comply with the grant’s conditions and that the grant will be received. 1) Grants related to assets Government grants whose primary condition is that the Group purchases, constructs, or otherwise acquires a long-term asset are deducted in calculating the carrying amount of the asset. The grant is recognized in profit or loss over the life of a depreciable asset as a reduction to depreciation expense. 2) Grants related to income Government grants which are intended to compensate the Group for expenses incurred are deducted from the related expenses. |
Impairment of non-financial assets | (12) Impairment of non-financial The carrying amounts of the Group’s non-financial non-current The Group estimates the recoverable amount of an individual asset, and if it is impossible to measure the individual recoverable amount of an asset, the Group estimates the recoverable amount of cash-generating unit (“CGU”). A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. The value in use is estimated by applying a pre-tax An impairment loss is recognized in profit or loss to the extent the carrying amount of the asset exceeds its recoverable amount. Goodwill acquired in a business combination is allocated to each CGU that is expected to benefit from the synergy arising from the business acquired. Any impairment identified at the CGU level will first reduce the carrying amount of goodwill and then be used to reduce the carrying amount of the other assets in the CGU on a pro rata basis. Except for impairment losses in respect of goodwill which are never reversed, an impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. |
Leases - Policies applicable from January 1, 2019 | (13) Leases - Policies applicable from January 1, 2019 The Group has applied IFRS 16, Leases, The Group determined at contract inception whether an arrangement was or contained a lease. A contract is, or contains, a lease if the contract transfers the right to control the identified asset for a period of time in exchange for consideration. To assess whether a contract transfers the right to control the identified asset, the Group uses the definition of a lease in IFRS 16, Leases. 1) As a lessee The Group recognizes a right-of-use right-of-use right-of-use right-of-use right-of-use The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate. The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. The Group has applied judgment to determine the lease term for some lease contracts in which it is a lessee that include extension options. The assessment of whether the Group is reasonably certain to exercise such options impacts the lease term, which significantly affects the amount of lease liabilities and right-of-use The Group has elected not to recognize right-of-use low-value non-lease 2) As a lessor The Group determines whether each lease is a finance lease or an operating lease at inception of a contract. A lease is classified as a finance lease when the lease transfers substantially all of the risks and rewards of ownership of the underlying asset. If not, then it is classified as an operating lease. When the Group is an intermediate lessor, the Group accounts for the head lease and the sublease separately. The sub-leases right-of-use |
Non-current assets held for sale | (15) Non-current Non-current non-current Impairment of Assets A non-current |
Non-derivative financial liabilities | (16) Non-derivative The Group classifies non-derivative 1) Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading or designated as such upon initial recognition. Subsequent to initial recognition, these liabilities are measured at fair value. The amount of change in fair value of a financial liability that is attributable to changes in the credit risk of that liability shall be presented in other comprehensive income, and the remaining amount of change in the fair value of the liability shall be presented in profit or loss. Upon initial recognition, transaction costs that are directly attributable to the issue of the financial liability are recognized in profit or loss as incurred. 2) Other financial liabilities Non-derivative 3) Derecognition of financial liability The Group extinguishes a financial liability only when the contractual obligation is fulfilled, canceled or expires. The Group recognizes new financial liabilities at fair value based on new contracts and eliminates existing liabilities when the contractual terms of the financial liabilities change and the cash flows change substantially. When a financial liability is derecognized, the difference between the carrying amount and the consideration paid (including any transferred non-cash |
Employee benefits | (17) Employee benefits 1) Short-term employee benefits Short-term employee benefits are employee benefits that are due to be settled within 12 months after the end of the period in which the employees render related services. When an employee has rendered a service to the Group during an accounting period, the Group recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for that service. 2) Other long-term employee benefits Other long-term employee benefits include employee benefits that are settled beyond 12 months after the end of the period in which the employees render related services. The Group’s net obligation in respect of long-term employee benefits is the amount of future benefit that employees have earned in return for their service in the current and prior periods. That benefit is discounted to determine its present value. Remeasurements are recognized in profit or loss in the period in which they arise. 3) Retirement benefits: defined contribution plans When an employee has rendered a service to the Group during a period, the Group recognizes the contribution payable to a defined contribution plan in exchange for that service as a liability (accrued expense), after deducting any contribution already paid. If the contribution already paid exceeds the contribution due for service before the end of the reporting period, the Group recognizes that excess as an asset (prepaid expense) to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 4) Retirement benefits: defined benefit plans At the end of reporting period, defined benefit liabilities relating to defined benefit plans are recognized at present value of defined benefit obligations net of fair value of plan assets. The calculation is performed annually by an independent actuary using the projected unit credit method. When the fair value of plan assets exceeds the present value of the defined benefit obligation, the Group recognizes an asset, to the extent of the present value of any economic benefits available in the form of refunds from the plan or reduction in the future contributions to the plan. Remeasurements of the net defined benefit liability (asset), which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognized immediately in other comprehensive income. The Group determines net interests on net defined benefit liability (asset) by multiplying discount rate determined at the beginning of the annual reporting period and considers changes in net defined benefit liability (asset) from contributions and benefit payments. Net interest costs and other costs relating to the defined benefit plan are recognized through profit or loss. When the plan amendment or curtailment occurs, gains or losses on amendment or curtailment in benefits for the past service provided are recognized through profit or loss. The Group recognizes a gain or loss on a settlement when the settlement of defined benefit plan occurs. 5) Termination benefits The Group recognizes a liability and expense for termination benefits at the earlier of the period when the Group can no longer withdraw the offer of those benefits and the period when the Group recognizes costs for a restructuring that involves the payment of termination benefits. If benefits are payable more than 12 months after the reporting period, they are discounted to their present value. |
Provisions | (18) Provisions Provisions are recognized when the Group has a present legal or constructive obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The risks and uncertainties that inevitably surround many events and circumstances are taken into account in reaching the best estimate of a provision. If the effect of the time value of money is material, provisions are determined at the present value of the expected future cash flows. If some or all of the expenditures required to settle a provision are expected to be reimbursed by another party, the reimbursement is recognized when, and only when, it is virtually certain that reimbursement will be received if the entity settles the obligation. The reimbursement is treated as a separate asset. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimates. If it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provision is reversed. A provision is used only for expenditures for which the provision was originally recognized. |
Transactions in foreign currencies | (19) Transactions in foreign currencies 1) Foreign currency transactions Transactions in foreign currencies are translated to the functional currency of the Group at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency using the exchange rate at the reporting date. Non-monetary Foreign currency differences arising on retranslation are recognized in profit or loss, except for the differences arising on the retranslation of available-for-sale 2) Foreign operations If the presentation currency of the Group is different from a foreign operation’s functional currency, the financial statements of the foreign operation are translated into the presentation currency using the following methods: The assets and liabilities of foreign operations, whose functional currency is not the currency of a hyperinflationary economy, are translated to presentation currency at exchange rates at the reporting date. The income and expenses of foreign operations are translated to functional currency at exchange rates at the dates of the transactions. Foreign currency differences are recognized in other comprehensive income. Any goodwill arising on the acquisition of a foreign operation and any fair value adjustments to the carrying amounts of assets and liabilities arising on the acquisition of that foreign operation is treated as assets and liabilities of the foreign operation. Thus, they are expressed in the functional currency of the foreign operation and translated at the closing rate at the reporting date. When a foreign operation is disposed, the relevant amount in the translation is transferred to profit or loss as part of the profit or loss on disposal. On the partial disposal of a subsidiary that includes a foreign operation, the relevant proportion of such cumulative amount is reattributed to non-controlling |
Share capital | (20) Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of ordinary shares and share options are recognized as a deduction from equity, net of any tax effects. When the Parent Company repurchases its own shares, the amount of the consideration paid is recognized as a deduction from equity and classified as treasury shares. The gains or losses from the purchase, disposal, reissue, or retirement of treasury shares are directly recognized in equity being as transaction with owners. |
Hybrid bond | (21) Hybrid bond The Group recognizes a financial instrument issued by the Group as an equity instrument if it does not include contractual obligation to deliver financial assets including cash to the counter party. |
Share-based Payment | (22) Share-based Payment For equity-settled share-based payment transaction, if the fair value of the goods or services received cannot be reliably estimated, the Group measures the value indirectly by reference to the fair value of the equity instruments granted. The related expense with a corresponding increase in capital surplus and others is recognized over the vesting period of the awards. The amount recognized as an expense is adjusted to reflect the number of awards for which the related service and non-market non-market For cash-settled share-based payment transaction, the Group measures and recognizes the amount payable to employees at fair value as an expense with a corresponding increase in liabilities, over the period during which the employees become unconditionally entitled to payment. The liability is remeasured at each reporting date and at settlement date based on the fair value of the share-based payment. Any changes in the liability are recognized in profit or loss. |
Revenue — Policies applicable from January 1, 2018 | (23) Revenue — Policies applicable from January 1, 2018 The Group adopted IFRS 15, Revenue from Contracts with Customers, on January 1, 2018, using the modified retrospective method. IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognized. It also amends previous guidance for the recognition of costs to obtain contracts with customers such that incremental costs of obtaining contracts with customers are deferred and amortized consistent with the transfer of the related good or service. 1) Identification of performance obligations in contracts with customers The Group identifies the distinct services or goods as performance obligations in contracts with customers such as (1) providing wireless telecommunications services, (2) sale of handsets and (3) providing other goods and services. In the case of providing both wireless telecommunications service and selling a handset together to one customer, the Group allocates considerations from the customer between the separate performance obligations for handset sale and wireless telecommunications service. The handset sale revenue is recognized when handset is delivered, and the wireless telecommunications service revenue is recognized over the period of the contract term as stated in the subscription contract. 2) Allocation of the transaction price to each performance obligation The Group allocates the transaction price of a contract to each performance obligation identified on a relative stand-alone selling price basis. The Group uses “adjusted market assessment approach” for estimating the stand-alone selling price of a good or service. As an exception, the Group uses “expected cost plus a margin approach” for insignificant transactions. 3) Incremental costs of obtaining a contract The Group pays commissions to its retail stores and authorized dealers in connection with acquiring service contracts. The commissions paid to these parties constituted a significant portion of the Group’s operating expenses. These commissions would not have been paid if there have been no binding contracts with subscribers and, therefore, the Group capitalizes certain costs associated with commissions paid to obtain new customer contracts and amortize them over the expected contract periods. 4) Customer loyalty programs The Group provides customer loyalty points to customers based on the usage of the service to which the Group allocates a portion of consideration received as a performance obligation distinct from wireless telecommunications services. The amount to be allocated to the loyalty program is measured according to the relative stand-alone selling price of the customer loyalty points. The amount allocated to the loyalty program is deferred as a contract liability and is recognized as revenue when loyalty points are redeemed. 5) Consideration payable to a customer Based on the subscription contract, a customer who uses the Group’s wireless telecommunications services may receive a discount for purchasing goods or services from a designated third party. The Group pays a portion of the price discounts that the customer receives to the third party, which is the consideration payable to a customer. The Group accounts for the amounts payable to the third party as a reduction of the wireless telecommunications service revenue. |
Finance income and finance costs | (25) Finance income and finance costs Finance income comprises interest income on funds invested (including financial assets measured at fair value), dividend income, gains on disposal of financial assets at FVTPL, changes in fair value of financial instruments at FVTPL, and gains on hedging instruments that are recognized in profit or loss. Interest income is recognized as it accrues in profit or loss, using the effective interest rate method. Dividend income is recognized in profit or loss when the right to receive the dividend is established. Finance costs comprise interest expense on borrowings, changes in fair value of financial instruments at FVTPL, and losses on hedging instruments that are recognized in profit or loss. Interest expense on borrowings and debentures is recognized as it accrues in profit or loss using the effective interest rate method. |
Income taxes | (26) Income taxes Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in OCI. The Group pays income tax in accordance with the tax-consolidation 1) Current tax Current tax is the expected tax payable or receivable on the taxable profit or loss for the year, using tax rates enacted or substantively enacted at the end of the reporting period, and includes interests and fines related to income taxes paid or payable. The taxable profit is different from the accounting profit for the period since the taxable profit is calculated excluding the temporary differences, which will be taxable or deductible in determining taxable profit (tax loss) of future periods, and non-taxable non-deductible 2) Deferred tax Deferred tax is recognized by using the asset-liability method in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. The Group recognizes a deferred tax liability for all taxable temporary differences, except for the difference associated with investments in subsidiaries and associates that the Group is able to control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. The Group recognizes a deferred tax asset for all deductible temporary differences to the extent that it is probable that the temporary difference will reverse in the foreseeable future and taxable profit will be available against which the temporary difference can be utilized. A deferred tax asset is recognized for the carryforward of unused tax losses and unused tax credits to the extent that it is probable that future taxable profit will be available against which the unused tax losses and unused tax credits can be utilized. Future taxable profit is dependent on the reversal of taxable temporary differences. If there are insufficient taxable temporary differences to recognize the deferred tax asset, the business plan of the Group and the reversal of existing temporary differences are considered in determining the future taxable profit. The Group reviews the carrying amount of a deferred tax asset at the end of each reporting period and reduces the carrying amount to the extent that it is no longer probable that sufficient taxable profit will be available to allow the benefit of part or all of that deferred tax asset to be utilized. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized, or the liability is settled based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and deferred tax assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset only if the Group has a legally enforceable right to offset the amount recognized and intends to settle the current tax liabilities and assets on a net basis. Income tax expense in relation to dividend payments is recognized when liabilities relating to the dividend payments are recognized. 3) Uncertainty over income tax treatments The Group assesses the uncertainty over income tax treatments pursuant to IAS 12 from January 1, 2019. If the Group concludes it is not probable that the taxation authority will accept an uncertain tax treatment, the Group reflects the effect of uncertainty for each uncertain tax treatment by using either of the following methods, depending on which method the entity expects to better predict the resolution of the uncertainty: • The most likely amount: the single most likely amount in a range of possible outcomes. • The expected value: the sum of the probability-weighted |
Earnings per share | (27) Earnings per share The Group presents basic and diluted earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Parent Company by the weighted average number of ordinary shares outstanding during the period, adjusted for own shares held. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding, adjusted for own shares held, for the effects of all dilutive potential ordinary shares, which comprise share options granted to employees, if any. |
Standards issued but not yet effective | (28) Standards issued but not yet effective The following amended standards are effective for annual periods beginning after January 1, 2019 and earlier application is permitted. However, the Group has not adopted the following amended standards early in preparing the accompanying consolidated financial statements. The following amended standards are not expected to have a significant impact on the Group’s consolidated financial statements. • Amendments to References to Conceptual Framework in IFRS Standards. • Definition of a Business (Amendments to IFRS 3) • Definition of Material (Amendments to IAS 1 and IAS 8) |
Previously stated [member] | |
Statement [LineItems] | |
Financial assets - Policies applicable from January 1, 2018 | (5) Non-derivative 1) Recognition and initial measurement Accounts receivable — trade and debt investments issued are initially recognized when they are originated. All other financial assets and financial liabilities are initially recognized when the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless an accounts receivable — trade without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition or issue. An accounts receivable — trade without a significant financing component is initially measured at the transaction price. 2) Classification and subsequent measurement On initial recognition, a financial asset is classified as measured at: • FVTPL • FVOCI — equity investment • FVOCI — debt investment • Financial assets at amortized cost A financial asset is classified based on the business model in which a financial asset is managed and its contractual cash flow characteristics. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated as at FVTPL: • it is held within a business model whose objective is to hold assets to collect contractual cash flows; and • its contractual terms give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding on specified dates. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: • it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and • its contractual terms give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding on specified dates. On initial recognition of an equity investment that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in other comprehensive income (“OCI”). This election is made on an investment-by-investment All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. On initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. The following accounting policies are applied to the subsequent measurement of financial assets. Financial assets at FVTPL These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognized in profit or loss. Financial assets at amortized cost These assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. Debt investments at FVOCI These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. Equity investments at FVOCI These assets are subsequently measured at fair value. Dividends are recognized as income in profit or loss unless the dividend clearly represents a recovery of the cost of the investment. Other net gains and losses are recognized in OCI and are never reclassified to profit or loss. 3) Impairment The Group estimates the expected credit losses (ECL) for the debt instruments measured at amortized cost and FVOCI based on the Group’s historical experience and informed credit assessment that includes forward-looking information. The impairment approach is decided based on the assessment of whether the credit risk of a financial asset has increased significantly since initial recognition. The Group measures loss allowances at an amount equal to lifetime ECL, except for the following, which are measured at 12-month • debt securities that are determined to have low credit risk at the reporting date; and • other dept securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. Loss allowances for accounts receivable — trade and lease receivables are always measured at an amount equal to lifetime ECL. ECL is a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive). At each reporting date, the Group assesses whether financial assets measured at amortized cost and debt investments at FVOCI are credit-impaired. A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Loss allowance on financial assets measured at amortized cost is deducted from the carrying amount of the respective assets, while loss allowance on debt instruments at FVOCI is recognized in OCI, instead of reducing the carrying amount of the assets. 4) Derecognition Financial assets are derecognized if the Group’s contractual rights to the cash flows from the financial assets expire or if the Group transfers the financial asset to another party without retaining control or transfers substantially all the risks and rewards of the asset. The transferred assets are not derecognized when the Group enters into transactions whereby it transfers assets recognized in its statement of financial position but retains substantially all of the risks and rewards of the transferred assets. 5) Offsetting Financial assets and financial liabilities are offset and the net amount is presented in the statement of financial position when the Group currently has a legally enforceable right to offset the recognized amounts and intends either to settle on a net basis or to settle the liability and realize the asset simultaneously. A financial asset and a financial liability is offset only when the right to set off the amount is not contingent on future event and legally enforceable even on the event of default, insolvency or bankruptcy. |
Leases - Policies applicable from January 1, 2019 | (14) Leases — Policies applied before January 1, 2019 The Group classifies and accounts for leases as either a finance or operating lease, depending on the terms. Leases under which the Group assumes substantially all of the risks and rewards of ownership are classified as finance leases. All other leases are classified as operating leases. 1) Finance leases — lessee At the commencement of the lease term, the Group recognizes as finance assets and finance liabilities in its consolidated statement of financial position, the lower amount of the fair value of the leased property and the present value of the minimum lease payments, each determined at the inception of the lease. Any initial direct costs are added to the amount recognized as an asset. Minimum lease payments are apportioned between the finance cost and the reduction of the outstanding liability. The finance cost is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. Contingent rents are charged as expenses in the periods in which they are incurred. The depreciable amount of a leased asset is allocated to each accounting period during the period of expected use on a systematic basis consistent with the depreciation policy the Group adopts for depreciable assets that are owned. If there is no reasonable certainty that the Group will obtain ownership by the end of the lease term, the asset is fully depreciated over the shorter of the lease term and its useful life. The Group reviews to determine whether the leased assets are impaired at the reporting date. 2) Operating leases Leases where the lessor retains a significant portion of the risks and rewards of ownership are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) are recognized in profit or loss on a straight-line basis over the lease term. 3) Determining whether an arrangement contains a lease Determining whether an arrangement is, or contains, a lease is based on the substance of the arrangement and requires an assessment of whether fulfillment of the arrangement is dependent on the use of a specific asset and the arrangement conveys a right to use the asset. At inception or reassessment of the arrangement, the Group separates payments and other consideration required by such an arrangement into those for the lease and those for other elements on the basis of their relative fair values. If the Group concludes for a financial lease that it is impracticable to separate the payments reliably, the Group recognizes an asset and a liability at an amount equal to the fair value of the underlying asset that was identified as the subject of the lease. Subsequently, the liability is reduced as payments are made and an imputed finance charge on the liability is recognized using the Group’s incremental borrowing rate of interest. |
Revenue — Policies applicable from January 1, 2018 | (24) Revenue — Policies applied before January 1, 2018 Revenue from the sale of goods, rendering of services or use of assets is measured at the fair value of the consideration received or receivable. Returns, trade discounts and volume rebates are recognized as a reduction of revenue. When two or more revenue generating activities or deliverables are sold under a single arrangement, each deliverable that is considered to be a separate unit of account is accounted for separately. The allocation of consideration from a revenue arrangement to its separate units of account is based on the relative fair values of each unit. 1) Services rendered Revenue from cellular services consists of revenue from basic charges, voice charges, data charges, data-roaming services and interconnection charges. Such revenues are recognized as services are performed. Revenue from fixed-line services includes domestic and long-distance call charges, international phone connection charges, installation service and broadband internet services. Such revenues are recognized as the related services are performed. Revenue from other services rendered is recognized in profit or loss in proportion to the stage of completion of the transaction at the reporting date. The stage of completion is assessed by reference to surveys of work performed. 2) Goods sold Revenue is recognized when persuasive evidence exists, usually in the form of an executed sales agreement, that the significant risks and rewards of ownership have been transferred to the buyer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably. 3) Commission revenue In connection with the commission revenue from commerce services, the Group has determined that it is acting as an agent due to the followings: • The Group does not bear inventory risk or have responsibility for the delivery goods; • All of the credit risks are borne by suppliers of goods though the Group collects the proceeds from end customers on behalf of the suppliers; and • The Group has no latitude in establishing prices regarding goods sold in commerce. 4) Customer loyalty programs For customer loyalty programs, the fair value of the consideration received or receivable in respect of the initial sale is allocated between the award credits and the other components of the sale. The amount allocated to the award credits is estimated by reference to the fair value of the services to be provided with respect to the redeemable award credits. The fair value of the services to be provided with respect to the redeemable portion of the award credits granted to the customers in accordance with customer loyalty programs is estimated taking into account the expected redemption rate and timing of the expected redemption. Considerations allocated to the award credits are deferred and revenue is recognized when the award credits are recovered and the Group performs its obligation to provide the service. The amount of revenue recognized is based on the relative size of the total award credits that are expected to be redeemed and the redeemed award credits in exchange for services. |
Reporting Entity (Tables)
Reporting Entity (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Total issued shares held by shareholders | The Parent Company’s common shares and depositary receipts (DRs) are listed on the Stock Market of Korea Exchange, the New York Stock Exchange and the London Stock Exchange. As of December 31, 2019, the Parent Company’s total issued shares are held by the following shareholders: Number of shares Percentage of SK Holdings Co., Ltd. 21,624,120 26.78 National Pension Service 8,982,136 11.12 Institutional investors and other shareholders 41,263,572 51.11 Kakao Co., Ltd. 1,266,620 1.57 Treasury shares 7,609,263 9.42 80,745,711 100.00 |
List of subsidiaries | The list of subsidiaries as of December 31, 2019 and 2018 is as follows: Ownership (%)(*1) Subsidiary Location Primary business Dec. 31, Dec. 31, Subsidiaries owned by the Parent Company SK Telink Co., Ltd. Korea Telecommunication and Mobile Virtual Network Operator service 100.0 100.0 SK Communications Co., Ltd. Korea Internet website services 100.0 100.0 SK Broadband Co., Ltd. Korea Telecommunication services 100.0 100.0 PS&Marketing Corporation Korea Communications device retail business 100.0 100.0 SERVICE ACE Co., Ltd. Korea Call center management service 100.0 100.0 SERVICE TOP Co., Ltd. Korea Call center management service 100.0 100.0 SK O&S Co., Ltd. (Formerly, Network O&S Co., Ltd.) Korea Base station maintenance service 100.0 100.0 SK Telecom China Holdings Co., Ltd. China Investment (holdings company) 100.0 100.0 SK Global Healthcare Business Group, Ltd. Hong Kong Investment 100.0 100.0 YTK Investment Ltd. Cayman Islands Investment association 100.0 100.0 Atlas Investment Cayman Islands Investment association 100.0 100.0 SKT Americas, Inc. USA Information gathering and consulting 100.0 100.0 One Store Co., Ltd.(*2) Korea Telecommunication services 52.7 65.5 SK Planet Co., Ltd. Korea Telecommunication services, system software development and supply services 98.7 98.7 Eleven Street Co., Ltd.(*3) Korea E-commerce 80.3 81.8 DREAMUS COMPANY (Formerly, IRIVER LIMITED)(*4) Korea Manufacturing digital audio players and other portable media devices 51.4 52.6 SK Infosec Co., Ltd. Korea Information security service 100.0 100.0 Life & Security Holdings Co., Ltd. Korea Investment(holdings company) 55.0 55.0 Quantum Innovation Fund I Korea Investment 59.9 59.9 SK Telecom Japan Inc. Japan Information gathering and consulting 100.0 100.0 Subsidiaries owned by the Parent Company id Quantique SA(*5) Switzerland Quantum information and communications service 66.8 65.6 SK Telecom TMT Investment Corp.(*6) USA Investment 100.0 — FSK L&S Co., Ltd.(*6) Korea Freight and logistics consulting business 60.0 — Incross Co., Ltd.(*6) Korea Media representative business 34.6 — Happy Hanool Co., Ltd.(*6) Korea Service 100.0 — Subsidiaries owned by SK Planet Co., Ltd. SK m&service Co., Ltd. Korea Data base and internet website service 100.0 100.0 SK Planet Global Holdings Pte. Ltd. Singapore Investment (holdings company) 100.0 100.0 SKP America LLC. USA Digital contents sourcing service 100.0 100.0 shopkick Management Company, Inc.(*6) USA Investment — 100.0 shopkick, Inc.(*6) USA Reward points-based in-store — 100.0 K-net Korea Capital investing in startups 59.0 59.0 Subsidiaries owned by DREAMUS COMPANY (Formerly, IRIVER LIMITED) iriver Enterprise Ltd. Hong Kong Management of Chinese subsidiaries 100.0 100.0 iriver Inc.(*6) USA Marketing and sales in North America — 100.0 iriver China Co., Ltd. China Sales of and manufacturing MP3 and 4 100.0 100.0 Dongguan iriver Electronics Co., Ltd. China Sales of and manufacturing e-book 100.0 100.0 groovers Japan Co., Ltd.(*6) Japan Digital music contents sourcing and distribution service — 100.0 LIFE DESIGN COMPANY Inc. Japan Sales of goods in Japan 100.0 100.0 groovers Inc.(*6) Korea Sales of contents and Mastering Quality Sound album — 100.0 Subsidiary owned by SK Infosec Co., Ltd. SKinfosec Information Technology (Wuxi) Co., Ltd.(*6) China System software development and supply services 100.0 — Subsidiaries owned by Life & Security Holdings Co., Ltd. ADT CAPS Co., Ltd. Korea Unmanned security 100.0 100.0 CAPSTEC Co., Ltd. Korea Manned security 100.0 100.0 ADT SECURITY Co., Ltd. Korea Sales and trade of anti-theft devices and surveillance devices 100.0 100.0 Subsidiary owned by SK Telink Co., Ltd. SK TELINK VIETNAM Co., Ltd. Vietnam Communications device retail business 100.0 100.0 Subsidiaries owned by SK Broadband Co., Ltd. Home & Service Co., Ltd. Korea Operation of information and communications facility 100.0 100.0 SK stoa Co., Ltd. Korea Other telecommunication retail business 100.0 100.0 Subsidiary owned by SK Telecom Japan Inc. SK Planet Japan, K. K. Japan Digital Contents sourcing service 79.8 79.8 Subsidiary owned by id Quantique SA Id Quantique LLC Korea Quantum information and communications service 100.0 100.0 Subsidiaries owned by FSK L&S Co., Ltd. FSK L&S (Shanghai) Co., Ltd.(*6) China Logistics business 66.0 — FSK L&S (Hungary) Co., Ltd.(*6) Hungary Logistics business 100.0 — Subsidiaries owned by Incross Co., Ltd. Infra Communications Co., Ltd.(*6) Korea Service operation 100.0 — Mindknock Co., Ltd.(*6) Korea Software development 100.0 — Others(*7) SK Telecom Innovation Fund, L.P. USA Investment 100.0 100.0 SK Telecom China Fund I L.P. Cayman Islands Investment 100.0 100.0 (*1) The ownership interest represents direct ownership interest in subsidiaries either by the Parent Company or subsidiaries of the Parent Company. (*2) The ownership interest has changed due to a non-proportional paid-in (*3) 80.3% of the shares issued by Eleven Street Co., Ltd. are owned by the Parent Company and 18.2% of redeemable convertible preferred shares with voting rights by non-controlling (*4) The ownership has changed due to the conversion of the convertible bonds issued by DREAMUS COMPANY (Formerly, IRIVER LIMITED) during the year ended December 31, 2019. (*5) The ownership has changed due to a non-proportional paid-in (*6) Details of changes in the consolidation scope during the year ended December 31, 2019 are presented and explained separately in note 1 (4). (*7) Others are owned by Atlas Investment and another subsidiary of the Parent Company. |
Condensed financial information of the significant subsidiaries | Condensed financial information of significant subsidiaries as of and for the year ended December 31, 2019 is as follows: (In millions of won) As of December 31, 2019 2019 Subsidiary Total assets Total Total Revenue Profit SK Telink Co., Ltd.(*1) ₩ 265,725 77,378 188,347 363,627 3,010 Eleven Street Co., Ltd. 923,424 446,432 476,992 530,489 (5,077 ) SK m&service Co., Ltd. 109,699 58,605 51,094 218,848 2,448 SK Communications Co., Ltd. 67,327 30,361 36,966 39,944 (13,301 ) SK Broadband Co., Ltd. 4,447,549 2,811,417 1,636,132 3,178,805 48,583 K-net 151,493 21,163 130,330 — (294 ) PS&Marketing Corporation 439,947 225,942 214,005 1,684,576 96 SERVICE ACE Co., Ltd. 80,844 55,133 25,711 206,080 3,906 SERVICE TOP Co., Ltd. 66,932 50,060 16,872 193,377 2,230 SK O&S Co., Ltd. 96,446 62,086 34,360 281,634 1,724 SK Planet Co., Ltd. 595,838 278,438 317,400 275,544 1,214 DREAMUS COMPANY 171,586 53,669 117,917 196,961 (48,006 ) SKP America LLC. 48,344 126 48,218 — (351,470 ) Life & Security Holdings Co., Ltd.(*3) 2,639,781 2,330,920 308,861 913,301 12,703 SK Infosec Co., Ltd.(*4) 158,424 61,644 96,780 270,423 18,520 One Store Co., Ltd. 236,329 93,625 142,704 135,116 (5,415 ) Home & Service Co., Ltd. 113,176 76,192 36,984 351,154 (267 ) SK stoa Co., Ltd. 70,754 59,207 11,547 196,063 875 FSK L&S Co., Ltd.(*5) 47,550 19,651 27,899 130,872 306 Incross Co., Ltd.(*6) 144,263 78,519 65,744 19,787 5,756 (*1) The condensed financial information of SK Telink Co., Ltd. is consolidated financial information including SK TELINK VIETNAM Co., Ltd. (*2) The condensed financial information of DREAMUS COMPANY(Formerly, IRIVER LIMITED) is consolidated financial information including iriver Enterprise Ltd. and three other subsidiaries of DREAMUS COMPANY(Formerly, IRIVER LIMITED). (*3) The condensed financial information of Life & Security Holdings Co., Ltd. is consolidated financial information including ADT CAPS Co., Ltd. and two other subsidiaries of Life & Security Holdings Co., Ltd. (*4) The condensed financial information of SK Infosec Co., Ltd. is consolidated financial information including SKinfosec Information Technology (Wuxi) Co., Ltd. (*5) The condensed financial information of FSK L&S Co., Ltd. is consolidated financial information including FSK L&S (Shanghai) Co., Ltd. and another subsidiary. (*6) The condensed financial information of Incross Co., Ltd. is consolidated financial information including Infra Communications Co., Ltd. and another subsidiary from the date of acquisition to December 31, 2019. Condensed financial information of significant subsidiaries as of and for the year ended December 31, 2018 is as follows: (In millions of won) As of December 31, 2018 2018 Subsidiary Total Total Total Revenue Profit SK Telink Co., Ltd.(*1) ₩ 493,972 107,565 386,407 373,019 39,962 Eleven Street Co., Ltd.(*2) 1,045,946 495,907 550,039 228,000 (9,507 ) SK m&service Co., Ltd. 97,924 48,182 49,742 208,936 (119 ) SK Communications Co., Ltd. 79,646 28,458 51,188 41,604 (10,323 ) SK Broadband Co., Ltd. 4,266,458 2,682,236 1,584,222 3,158,877 154,999 K-net 147,691 20,873 126,818 — 58,584 PS&Marketing Corporation 432,699 216,624 216,075 1,587,203 76 SERVICE ACE Co., Ltd. 76,770 45,229 31,541 198,164 4,217 SERVICE TOP Co., Ltd. 74,452 49,400 25,052 205,574 5,276 SK O&S Co., Ltd. 81,773 42,257 39,516 265,183 1,089 SK Planet Co., Ltd. 753,630 436,501 317,129 672,648 (436,106 ) DREAMUS COMPANY 204,479 44,620 159,859 137,849 (21,314 ) SKP America LLC. 383,697 — 383,697 — (370 ) Life & Security Holdings Co., Ltd.(*4) 2,611,838 2,261,456 350,382 197,487 6,038 SK Infosec Co., Ltd.(*5) 183,896 54,301 129,595 — — One Store Co., Ltd. 116,716 65,890 50,826 110,284 (13,903 ) Home & Service Co., Ltd. 87,159 45,341 41,818 325,177 (1,264 ) SK stoa Co., Ltd. 41,305 37,560 3,745 116,459 (16,987 ) (*1) The condensed financial information of SK Telink Co., Ltd. is consolidated financial information including SK TELINK VIETNAM Co., Ltd. (*2) The condensed financial information of Eleven Street Co., Ltd. includes four months of revenue and profit and loss since the spin-off (*3) The condensed financial information of DREAMUS COMPANY (Formerly, IRIVER LIMITED) is consolidated financial information including iriver Enterprise Ltd. and six other subsidiaries of DREAMUS COMPANY (Formerly, IRIVER LIMITED). (*4) The condensed financial information of Life & Security Holdings Co., Ltd. is consolidated financial information including ADT CAPS Co., Ltd. and two other subsidiaries, including 3 months of revenue and profit and loss since Life & Security Holdings Co., Ltd. was acquired by the Parent Company on October 1, 2018. (*5) SK Infosec Co., Ltd. was acquired by the Parent Company and newly included in consolidation as of December 27, 2018. Condensed financial information of the significant subsidiaries as of and for the year ended December 31, 2017 is as follows: (In millions of won) As of December 31, 2017 2017 Subsidiary Total Total Total Revenue Profit SK Telink Co., Ltd. ₩ 455,685 104,727 350,958 389,944 32,728 SK m&service Co., Ltd. 113,515 62,795 50,720 193,256 1,249 SK Communications Co., Ltd. 90,923 28,410 62,513 47,546 (35,454 ) SK Broadband Co., Ltd. 3,802,349 2,616,317 1,186,032 3,050,083 32,030 K-net 250,747 35,900 214,847 — 196,250 PS&Marketing Corporation 506,883 288,881 218,002 1,766,142 391 SERVICE ACE Co., Ltd. 77,681 45,501 32,180 197,408 2,599 SERVICE TOP Co., Ltd. 65,406 41,860 23,546 186,117 3,309 SK O&S Co., Ltd. 87,000 45,248 41,752 255,841 6,283 SK Planet Co., Ltd. 1,534,866 920,677 614,189 1,082,685 (513,667 ) DREAMUS COMPANY 130,878 17,204 113,674 69,452 (14,092 ) SKP America LLC. 412,251 — 412,251 — (57 ) SK techx Co., Ltd. 237,700 41,561 196,139 195,948 26,827 One Store Co., Ltd. 104,891 39,874 65,017 115,596 (27,254 ) Home & Service Co., Ltd. 83,698 38,350 45,348 141,739 11 (*) The condensed financial information of DREAMUS COMPANY (Formerly, IRIVER LIMITED) is consolidated financial information including iriver Enterprise Ltd. and six other subsidiaries of DREAMUS COMPANY (Formerly, IRIVER LIMITED). Information for the other subsidiaries in the above summary is based on their separate financial statements. (4) Changes in subsidiaries The list of subsidiaries that were newly included in consolidation during the year ended December 31, 2019 is as follows: Subsidiary Reason SK Telecom TMT Investment Corp. Established by the Parent Company FSK L&S Co., Ltd. Acquired by the Parent Company FSK L&S (Shanghai) Co., Ltd. Subsidiary of FSK L&S Co., Ltd. Incross Co., Ltd. Acquired by the Parent Company Infra Communications Co., Ltd. Subsidiary of Incross Co., Ltd. Mindknock Co., Ltd. Acquired by Incross Co., Ltd. Happy Hanool Co., Ltd. Established by the Parent Company SKinfosec Information Technology (Wuxi) Co., Ltd. Established by SK Infosec Co., Ltd. FSK L&S (Hungary) Co., Ltd. Established by FSK L&S Co., Ltd. The list of subsidiaries that were excluded from consolidation during the year ended December 31, 2019 is as follows: Subsidiary Reason groovers Inc. Merged into DREAMUS COMPANY (Formerly, IRIVER LIMITED) shopkick Management Company, Inc. Disposed shopkick, Inc. Disposed iriver Inc. Disposed groovers Japan Co., Ltd. Merged into LIFE DESIGN COMPANY Inc. |
Information of significant non-controlling interests of the group | (5) The financial information of significant non-controlling (In millions of won) DREAMUS COMPANY One Store Eleven Street Life & Security Incross Co., Ltd. Ownership of non-controlling interests (%) 48.6 47.3 18.2 45.0 65.4 As of December 31, 2019 Current assets ₩ 136,269 208,527 779,568 126,437 133,741 Non-current 35,317 27,802 143,856 2,513,344 10,522 Current liabilities (49,776 ) (88,842 ) (420,022 ) (279,403 ) (77,530 ) Non-current (3,893 ) (4,783 ) (26,410 ) (2,051,517 ) (989 ) Net assets 117,917 142,704 476,992 308,861 65,744 Fair value adjustment and others — — (18,805 ) (1,219,701 ) — Net assets on the consolidated financial statements 117,917 142,704 458,187 (910,840 ) 65,744 Carrying amount of non-controlling interests 57,175 67,742 84,673 (409,878 ) 41,074 2019 Revenue ₩ 196,961 135,116 530,489 913,301 19,787 Profit (Loss) for the year (48,006 ) (5,415 ) (5,077 ) 12,703 5,756 Depreciation of the fair value adjustment and others — — (614 ) (14,913 ) — Profit (Loss) for the year on the consolidated financial statements (48,006 ) (5,415 ) (5,691 ) (2,210 ) 5,756 Total comprehensive income (loss) (47,971 ) (5,856 ) (13,590 ) (5,413 ) 5,396 Profit (Loss) attributable to non-controlling (23,281 ) (2,256 ) (1,064 ) (978 ) 3,630 Net cash provided by (used in) operating activities ₩ (1,387 ) 14,426 7,980 238,378 (9,331 ) Net cash provided by (used in) investing activities (2,596 ) (87,275 ) 102,366 (194,472 ) 5,053 Net cash provided by (used in) financing activities (2,965 ) 96,189 (72,686 ) (51,129 ) (4,644 ) Effects on exchange rate changes on cash and cash equivalents 197 2 35 — — Net increase (decrease) in cash and cash equivalents (6,751 ) 23,342 37,695 (7,223 ) 8,478 Dividend paid to non-controlling interests during the year ended December 31, 2019 ₩ — — 17,500 28,786 — (In millions of won) K-net Culture DREAMUS One Store Eleven Street Life & Security Ownership of non-controlling interests (%) 41.0 47.4 34.5 18.2 45.0 As of December 31, 2018 Current assets ₩ 118 150,199 92,844 923,153 124,091 Non-current 147,573 54,465 23,872 122,793 2,487,747 Current liabilities (20,873 ) (42,142 ) (63,440 ) (486,391 ) (243,064 ) Non-current — (2,663 ) (2,450 ) (9,516 ) (2,018,392 ) Net assets 126,818 159,859 50,826 550,039 350,382 Fair value adjustment and others — — — (23,191 ) (1,216,347 ) Net assets on the consolidated financial statements 126,818 159,859 50,826 526,848 (865,965 ) Carrying amount of non-controlling interests 51,995 76,204 17,711 95,811 (389,684 ) 2018 Revenue ₩ — 137,849 110,284 228,000 197,487 Profit (Loss) for the year 58,584 (21,314 ) (13,903 ) (9,507 ) 6,038 Depreciation of the fair value adjustment and others — — — (161 ) (2,954 ) Profit (Loss) for the year on the consolidated financial statements 58,584 (21,314 ) (13,903 ) (9,668 ) 3,084 Total comprehensive income (loss) 27,773 (21,125 ) (14,386 ) (8,897 ) (991 ) Profit (Loss) attributable to non-controlling 24,019 (10,094 ) (4,791 ) (1,758 ) 1,387 Net cash provided by (used in) operating activities ₩ 115,566 13,635 7,181 (69,347 ) (23,451 ) Net cash provided by (used in) investing activities 600 (10,169 ) (11,482 ) (470,211 ) (139,430 ) Net cash provided by (used in) financing activities (116,150 ) 69,267 5 494,923 124,076 Net increase (decrease) in cash and cash equivalents 16 72,733 (4,296 ) (44,635 ) (38,805 ) Dividend paid to non-controlling interests during the year ended December 31, 2018 ₩ 36,178 — — — — (*) The financial information of Life & Security Holdings Co., Ltd. is related to the period subsequent to the acquisition by the Parent Company on October 1, 2018 and includes fair value adjustments from the business combination. (In millions of won) K-net Culture and DREAMUS One Store Co., Ltd. Ownership of non-controlling 41.0 54.1 34.5 As of December 31, 2017 Current assets ₩ 625 74,873 76,810 Non-current 250,122 56,005 28,081 Current liabilities (35,900 ) (9,563 ) (38,547 ) Non-current — (7,641 ) (1,327 ) Net assets 214,847 113,674 65,017 Carrying amount of non-controlling 88,087 63,382 22,405 2017 Revenue ₩ — 69,452 115,596 Profit (Loss) for the year 196,250 (14,092 ) (27,254 ) Total comprehensive profit (loss) 201,693 (14,278 ) (27,452 ) Profit (Loss) attributable to non-controlling 80,463 (7,438 ) (9,392 ) Net cash provided by (used in) operating activities ₩ (7 ) (7,553 ) 13,912 Net cash used in investing activities (600 ) (45,002 ) (2,000 ) Net cash provided by (used in) financing activities — 64,571 (7 ) Net increase (decrease) in cash and cash equivalents (607 ) 12,016 11,905 |
Recently Adopted Accounting S_2
Recently Adopted Accounting Standards (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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Schedule Of Detailed Information About Impacts On Adoption Of IFRS16 | On transition to IFRS 16, the Group recognized right-of-use (In millions of won) January 1, Impact on assets: Right-of-use ₩ 654,449 Increase in accounts receivable — other (lease receivables) 31,355 Adjustments in property and equipment and intangible assets (3,387 ) Decrease in advanced payments and others (52,638 ) 629,779 Impact on liabilities: Increase in lease liabilities 663,827 Decrease in deferred tax liabilities (9,359 ) 654,468 Decrease in retained earnings (24,186 ) Decrease in non-controlling ₩ (503 ) |
Summary of Detailed Information About Measurement Of Lease Liabilities | When measuring lease liabilities for leases that were classified as operating leases, the Group discounted lease payments using its incremental borrowing rate at January 1, 2019. The weighted average incremental borrowing rate applied is 2.11%. (In millions of won) January 1, Operating lease commitments at December 31, 2018 ₩ 766,978 Discounted using the incremental borrowing rate at January 1, 2019 735,051 — Recognition exemption for leases with less than 12 months of lease term at the lease commencement date (66,548 ) — Recognition exemption for leases of low-value (4,676 ) Lease liabilities recognized at January 1, 2019 ₩ 663,827 |
Summary of maturity analysis of finance lease receivables | The following table sets out a maturity analysis of lease receivables, presenting the undiscounted lease payments to be received subsequent to December 31, 2019. Under IAS 17, the Group did not hold any finance lease as a lessor. (In millions of won) Amount Less than 1 year ₩ 24,286 1 ~ 2 years 12,690 2 ~ 3 years 6,348 3 ~ 4 years 3,683 4 ~ 5 years 1,589 More than 5 years 1 Undiscounted lease payments ₩ 48,597 Unrealized finance income 1,822 Net investment in the lease 46,775 |
Summary of maturity analysis of operating lease receivables | The following table sets out a maturity analysis of lease payments, presenting the undiscounted lease payments to be received subsequent to December 31, 2019. (In millions of won) Amount Less than 1 year ₩ 129,310 1 ~ 2 years 76,669 2 ~ 3 years 25,047 3 ~ 4 years 1,243 4 ~ 5 years 1,218 More than 5 year 3 ₩233,490 |
Significant Accounting Polici_3
Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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Estimated useful lives of the Group's property and equipment | The estimated useful lives of the Group’s property and equipment are as follows: Useful lives (years) Buildings and structures 15 ~ 40 Machinery 3 ~ 15 Other property and equipment 2 ~ 10 Right-of-use 1 ~ 50 |
Estimated useful lives of the Group's intangible assets | The estimated useful lives of the Group’s intangible assets are as follows: Useful lives (years) Frequency usage rights 5 ~ 10 Land usage rights 5 Industrial rights 5, 10 Development costs 3 ~ 5 Facility usage rights 10, 20 Customer relations 3 ~ 20 Other 3 ~ 20 |
Operating Segments (Tables)
Operating Segments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Segment information | (1) Segment information for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 Cellular Services Fixed-line telecommu- Services(*1) Security Commerce Services(*1) Others(*1) Sub-total Adjustments (*2) Total Total revenue ₩ 13,781,882 3,952,373 1,183,724 726,552 1,069,685 20,714,216 (2,970,514 ) 17,743,702 Inter-segment revenue 1,609,467 1,004,193 74,247 15,899 266,708 2,970,514 (2,970,514 ) — External revenue 12,172,415 2,948,180 1,109,477 710,653 802,977 17,743,702 — 17,743,702 Depreciation and amortization 2,694,786 752,234 224,537 35,788 64,141 3,771,486 — 3,771,486 Operating profit (loss) 914,118 139,172 133,573 1,938 (78,821 ) 1,109,980 (109,087 ) 1,000,893 Gain relating to investments in subsidiaries, associates and joint ventures, net 449,543 Finance income 141,977 Finance costs (429,758 ) Profit before income tax 1,162,655 (In millions of won) 2018 Cellular Services Fixed-line telecommu- Services(*1) Security Commerce Services(*1) Others(*1) Sub-total Adjustments (*2) Total Total revenue ₩ 13,961,762 3,857,074 286,089 790,818 912,776 19,808,519 (2,934,559 ) 16,873,960 Inter-segment revenue 1,582,865 1,034,769 1,801 62,446 252,678 2,934,559 (2,934,559 ) — External revenue 12,378,897 2,822,305 284,288 728,372 660,098 16,873,960 — 16,873,960 Depreciation and amortization 2,341,862 641,336 60,723 19,051 63,146 3,126,118 — 3,126,118 Operating profit (loss) 1,299,869 245,509 (11,284 ) (85,041 ) (247,293 ) 1,201,760 (367,909 ) 833,851 Gain relating to investments in subsidiaries, associates and joint ventures, net 3,270,912 Finance income 256,435 Finance costs (385,232 ) Profit before income tax 3,975,966 (In millions of won) 2017 Cellular Services Fixed-line telecommu- Services(*1) Security Commerce Services(*1) Others(*1) Sub-total Adjustments (*2) Total Total revenue ₩ 14,873,543 3,581,766 93,372 689,883 1,102,605 20,341,169 (2,821,156 ) 17,520,013 Inter-segment revenue 1,611,408 862,333 1,398 38,065 307,952 2,821,156 (2,821,156 ) — External revenue 13,262,135 2,719,433 91,974 651,818 794,653 17,520,013 — 17,520,013 Depreciation and amortization 2,390,016 592,681 16,768 15,417 82,584 3,097,466 — 3,097,466 Operating profit (loss) 1,714,078 168,470 (16,651 ) (154,901 ) (174,370 ) 1,536,626 (312,054 ) 1,224,572 Gain relating to investments in subsidiaries, associates and joint ventures, net 2,245,732 Finance income 366,561 Finance costs (433,616 ) Profit before income tax 3,403,249 (*1) During the year ended December 31, 2019, due to the change in the categorization of information reviewed by the chief operating decision maker in 2019, the Group reclassified SK stoa Co., Ltd. from Fixed-line telecommunication Service segment to Commerce Services segment. In addition, operating segment for Life & Security Holdings Co., Ltd. and SK Infosec Co., Ltd. was separately presented as a reportable segment (Security Services) and no longer included in Others segment. Segment information for the years ended December 31, 2018 and 2017 was restated to conform to the 2019 reclassifications. (*2) Adjustments for operating profit (loss) are the amount differences from operating profit (loss) included in CODM report which is based on Korean IFRS to operating profit (loss) under IFRS. The reconciliation of these amounts is included in note 5-(2). |
Reconciliation of total segment operating income to consolidated operating profit from continuing operations | (2) Reconciliation of total segment operating profit to consolidated operating profit from continuing operations for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Total segment operating profit ₩ 1,109,980 1,201,760 1,536,626 Other operating income: Gain on disposal of property and equipment and intangible assets 8,942 38,933 13,991 Others(*1) 94,288 33,017 18,006 103,230 71,950 31,997 Other operating expenses: Impairment loss on property and equipment and intangible assets (65,935 ) (255,839 ) (54,946 ) Loss on disposal of property and equipment and intangible assets (56,248 ) (87,257 ) (60,086 ) Donations (17,557 ) (59,012 ) (112,634 ) Bad debt for accounts receivable — other (5,802 ) (7,718 ) (5,793 ) Others(*2) (66,775 ) (30,033 ) (110,592 ) (212,317 ) (439,859 ) (344,051 ) Consolidated operating profit from continuing operations ₩ 1,000,893 833,851 1,224,572 (*1) Others for the years ended December 31, 2019 includes ₩70 billion of gain on business transfer and others for the years ended December 31, 2018 includes ₩11 billion of penalty refund, respectively, various other income with inconsequential amounts. (*2) Others for the years ended December 31, 2019, 2018 and 2017 include ₩42.4 billion, ₩0.4 billion and ₩21.4 billion of penalties, respectively, and various other expenses with inconsequential amounts. |
Summary of Disaggregation of Operating Revenue | (3) Disaggregation of operating revenues considering the economic factors that affect the amounts, timing and uncertainty of the Group’s revenue and future cash flows is as follows: (In millions of won) 2019 2018 2017 Goods and services transferred at a point in time: Cellular revenue Goods(*1) ₩ 1,142,868 1,124,143 1,119,662 Fixed-line telecommunication revenue Goods 145,314 125,959 73,362 Security services revenue Goods 44,764 12,332 404 Commerce services revenue Goods 56,699 45,837 94,085 Commerce 151,690 77,539 1,512 Other revenue Goods 86,793 81,311 81,139 Products 44,336 51,214 25,068 Others(*7) 442,869 275,431 196,110 2,115,333 1,793,766 1,591,342 Goods and services transferred over time: Cellular revenue Wireless service(*2) 9,532,377 9,770,423 10,638,982 Cellular interconnection 494,267 532,156 592,755 Other(*3) 1,002,903 952,175 910,736 Fixed-line telecommunication revenue Fixed-line service 224,453 371,224 401,037 Cellular interconnection 92,396 95,865 116,070 Internet Protocol Television(*4) 1,285,831 1,171,104 1,023,997 International calls 137,902 152,918 166,901 Internet service and miscellaneous(*5) 1,062,284 905,235 938,066 Security services revenue Service(*6) 1,064,713 271,956 91,570 Commerce services revenue Commerce service 502,264 604,996 556,221 Other revenue Miscellaneous(*7) 228,979 252,142 492,336 15,628,369 15,080,194 15,928,671 ₩ 17,743,702 16,873,960 17,520,013 (*1) Cellular revenue includes revenue from sale of handsets and other electronic accessories. (*2) Wireless service includes revenue from wireless voice and data transmission services principally derived from usage charges to wireless subscribers. (*3) Other revenue includes revenue from billing and collection services as well as other miscellaneous services. (*4) IPTV service revenue includes revenue from IPTV services principally derived from usage charges to IPTV subscribers. (*5) Internet service includes revenue from the high speed broadband internet service principally derived from usage charges to subscribers as well as other miscellaneous services. (*6) Service includes revenue from rendering security services. (*7) Miscellaneous other revenue includes revenue from considerations received for the development and maintenance of system software, and digital contents platform services. |
Restricted Deposits (Tables)
Restricted Deposits (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Deposits which are restricted in use | Deposits which are restricted in use as of December 31, 2019 and 2018 are summarized as follows: (In millions of won) December 31, 2019 December 31, 2018 Short-term financial instruments(*) ₩ 95,034 79,511 Long-term financial instruments(*) 988 1,218 ₩ 96,022 80,729 (*) Financial instruments include charitable trust fund established by the Group where profits from the fund are donated to charitable institutions. As of December 31, 2019, the funds cannot be withdrawn before maturity. |
Trade and Other Receivables (Ta
Trade and Other Receivables (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Disclosure of Detailed Information About Trade and Other Receivables Explanatory | (1) Details of trade and other receivables as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Gross amount Loss Carrying amount Current assets: Accounts receivable — trade ₩ 2,480,419 (249,440 ) 2,230,979 Short-term loans 66,706 (583 ) 66,123 Accounts receivable — other(*) 953,815 (48,379 ) 905,436 Accrued income 3,977 (166 ) 3,811 Guarantee deposits (Other current assets) 145,041 — 145,041 3,649,958 (298,568 ) 3,351,390 Non-current Long-term loans 81,231 (47,471 ) 33,760 Long-term accounts receivable — other(*) 344,662 — 344,662 Guarantee deposits 165,033 (299 ) 164,734 Long-term accounts receivable — trade (Other non-current 16,977 (61 ) 16,916 607,903 (47,831 ) 560,072 ₩ 4,257,861 (346,399 ) 3,911,462 (*) Gross and carrying amounts of accounts receivable — other as of December 31, 2019 include ₩ 532,225 million of financial instruments classified as FVTPL. (In millions of won) December 31, 2018 Gross amount Loss allowance Carrying amount Current assets: Accounts receivable — trade ₩ 2,268,680 (260,040 ) 2,008,640 Short-term loans 59,643 (549 ) 59,094 Accounts receivable — other(*) 1,006,183 (68,346 ) 937,837 Accrued income 6,232 (166 ) 6,066 Guarantee deposits (Other current assets) 2,714 — 2,714 3,343,452 (329,101 ) 3,014,351 Non-current Long-term loans 75,860 (46,826 ) 29,034 Long-term accounts receivable — other(*) 274,053 — 274,053 Guarantee deposits 313,140 — 313,140 Long-term accounts receivable — trade (Other non-current 11,410 (117 ) 11,293 674,463 (46,943 ) 627,520 ₩ 4,017,915 (376,044 ) 3,641,871 (*) Gross and carrying amounts of accounts receivable — other as of December 31, 2018 include ₩ 489,617 million of financial instruments classified as FVTPL. |
Changes in Loss Allowance on Accounts Receivable - Trade Measured at Amortized Costs | (2) Changes in the loss allowance on accounts receivable — trade measured at amortized costs during the years ended December 31, 2019 and 2018 are as follows: (In millions of won) Beginning Impact of IFRS 9 Impairment Write-offs(*) Collection of written-off Business Ending Balance 2019 ₩ 260,157 — 28,841 (55,756 ) 14,772 1,487 249,501 2018 239,448 12,950 38,211 (46,616 ) 13,455 2,709 260,157 (*) The Group writes off the trade and other receivables when contractual payments are more than 5 years past due, or for reasons such as termination of operations or liquidation. |
Summary of Loss Allowance on Accounts Receivable - Trade | (3) The Group applies the practical expedient that allows the Group to estimate the loss allowance for accounts receivable — trade at an amount equal to the lifetime expected credit losses. The expected credit losses include the forward-looking information. To make the assessment, the Group uses its historical credit loss experience over the past three years and classified the accounts receivable — trade by their credit risk characteristics and days overdue. Details of loss allowance on accounts receivable — trade as of December 31, 2019 are as follows: (In millions of won) Less than 6 months ~ 1 year 1 ~ 3 years More than Telecommunications service revenue Expected credit loss rate 1.34 % 63.33 % 85.89 % 97.49 % Gross amount ₩ 1,180,733 44,972 110,038 28,300 Loss allowance 15,822 28,481 94,509 27,589 Other revenue Expected credit loss rate 3.49 % 56.01 % 45.99 % 61.72 % Gross amount ₩ 1,052,530 5,162 20,252 55,409 Loss allowance 36,696 2,891 9,313 34,200 |
Prepaid expenses (Tables)
Prepaid expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Prepaid Expenses | (1) Details of prepaid expenses as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Current assets: Incremental costs of obtaining contracts ₩ 1,897,233 1,577,992 Others 133,317 190,351 2,030,550 1,768,343 Non-current Incremental costs of obtaining contracts 1,152,748 799,607 Others 88,681 95,665 ₩ 1,241,429 895,272 |
Summary of Incremental Costs of Obtaining Contracts That Capitalized as Assets and Related Amortization Recognized as Commissions | (2) Incremental costs of obtaining contracts The amortization and impairment losses in connection with incremental costs of obtaining contracts recognized during the years ended December 31, 2019 and 2018 are as follows: (In millions of won) December 31, December 31, Amortization and impairment losses recognized ₩ 2,193,333 2,002,460 |
Contract assets and liabiliti_2
Contract assets and liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Schedule of Contract Assets and Liabilities | (1) Details of contract assets and liabilities as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Contract assets: Allocation of consideration between performance obligations ₩ 191,858 133,893 Contract liabilities: Wireless service contracts 20,393 18,425 Customer loyalty programs 21,945 17,113 Fixed-line service contracts 65,315 57,327 Security services 32,026 38,109 Others 83,777 52,839 ₩ 223,456 183,813 |
Schedule of Performance Obligations | (2) The amount of revenue recognized during the year ended December 31, 2019 related to the contract liabilities carried forward from the prior period is ₩117,409 million. Details of revenue expected to be recognized from contract liabilities as of December 31, 2019 are as follows: (In millions of won) Less than 1 year 1 ~ 2 years More than 2 years Total Wireless service contracts ₩ 20,393 — — 20,393 Customer loyalty programs 17,285 3,253 1,407 21,945 Fixed-line service contracts 52,237 13,078 — 65,315 Security services 24,215 5,676 2,135 32,026 Others 77,095 1,578 5,104 83,777 ₩ 191,225 23,585 8,646 223,456 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Details of inventories | (1) Details of inventories as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Acquisition Write- Carrying Acquisition Write- Carrying Merchandise ₩ 162,485 (14,557 ) 147,928 268,366 (8,842 ) 259,524 Finished goods 4,264 (2,265 ) 1,999 1,260 (251 ) 1,009 Work in process 2,674 (539 ) 2,135 3,985 (338 ) 3,647 Raw materials 12,369 (7,967 ) 4,402 11,729 (2,706 ) 9,023 Supplies 7,112 (694 ) 6,418 14,850 — 14,850 ₩ 188,904 (26,022 ) 162,882 300,190 (12,137 ) 288,053 |
Amount of the inventory write-downs charged to the consolidated statement of income and write-off of inventories | (2) The amount of the inventory write-downs and write-off (In millions of won) 2019 2018 2017 Charged to cost of products that have been resold ₩ 15,019 2,509 6,079 Write-off (1,101 ) (2,396 ) (2,820 ) |
Investment Securities (Tables)
Investment Securities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Less than 1 year [member] | |
Statement [LineItems] | |
Details of investment securities | (1) Details of short-term investment securities as of December 31, 2019 and 2018 are as follows: (In millions of won) Category December 31, 2019 December 31, 2018 Beneficiary certificates FVTPL ₩ 166,666 195,080 |
Later than one year [Member] | |
Statement [LineItems] | |
Details of investment securities | (2) Details of long-term investment securities as of December 31, 2019 and 2018 are as follows: (In millions of won) Category December 31, 2019 December 31, 2018 Equity instruments FVOCI(*) ₩ 710,272 542,496 FVTPL 1,011 — 711,283 542,496 Debt instruments FVOCI 4,627 2,147 FVTPL 141,305 120,083 145,932 122,230 ₩ 857,215 664,726 (*) The Group designated ₩710,272 million of investments in equity instruments that are not held for trading as financial assets at FVOCI. During the year ended December 31, 2019, the Group disposed of 6,109,000 common shares issued by Hana Financial Group Inc. in exchange for ₩221,146 million in cash. The valuation gain on financial assets at FVOCI of ₩30,073 million was reclassified from reserves to retained earnings. Also, the Group acquired 2,177,401 newly issued shares of Kakao Co., Ltd. (“Kakao”) in exchange for ₩302,321 million in cash and designated the investments as financial assets at FVOCI. In relation to this transaction, Kakao acquired 1,266,620 treasury shares of the Parent Company in exchange for ₩300,000 million in cash (See Note 23). Upon entering into the agreement, the Group recognized derivative at the fair value of the forward transaction. Upon completion of the share exchange, the Group recognized ₩28,787 million of gain from settlement of the derivatives, which is the difference between the fair value of the Parent Company’s and Kakao’s shares at the date when such share exchange was completed. The acquired shares were deposited at the Korea Securities Depository for a lock-up |
Business Combinations (Tables)
Business Combinations (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Statement [LineItems] | |
Considerations Transferred Identifiable Assets Acquired and Liabilities Assumed at Acquisition Date | 3) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) S.M. LIFE DESIGN S.M. Mobile Communications JAPAN Inc. I. Considerations transferred: Cash and cash equivalents ₩ 30,000 — Shares of DREAMUS COMPANY — 24,650 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents ₩ 3,434 4,112 Trade and other receivables 1,471 237 Inventories 1,879 — Property and equipment 4 311 Intangible assets 6,677 7,445 Other assets — 41 Trade and other payables (2,563 ) (815 ) Deferred tax liabilities (2,324 ) — Other liabilities (326 ) (154 ) ₩ 8,252 11,177 |
Incross Co Ltd [Member] | |
Statement [LineItems] | |
Summary of Acquiree | (i) Summary of the acquiree Information of Acquiree Corporate name Incross Co., Ltd. Location 5 th Nambusunhwan-ro, Gwanak-gu, CEO Lee, Jae-won Industry Media representative business |
Considerations Transferred Identifiable Assets Acquired and Liabilities Assumed at Acquisition Date | (ii) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Cash and cash equivalents ₩ 53,722 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 17,400 Short-term financial instruments 24,941 Trade and other receivables 67,259 Property and equipment 2,411 Intangible assets 2,709 Other assets 9,254 Trade and other payables (57,309 ) Other liabilities (1,984 ) 64,681 III. Non-controlling 40,592 IV. Goodwill(I - II+III) ₩ 29,633 |
Id Quantique SA [member] | |
Statement [LineItems] | |
Summary of Acquiree | (i) Summary of the acquiree Information of Acquiree Corporate name id Quantique SA Location 3, CHEMIN DE LA MARBRERIE, 1227 CAROUGE, SWITZERLAND CEO Gregoire Ribordy Industry Quantum information and communications industry |
Considerations Transferred Identifiable Assets Acquired and Liabilities Assumed at Acquisition Date | (ii) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Cash and cash equivalents ₩ 55,249 Existing shares(financial assets at FVOCI) at fair value 3,965 59,214 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 1,538 Trade and other receivables 13,609 Inventories 2,003 Property and equipment 415 Intangible assets 7,566 Other assets 447 Trade and other payables (1,569 ) Other liabilities (2,880 ) 21,129 III. Non-controlling 9,290 IV. Goodwill(I - II+III) ₩ 47,375 |
Life and Security Holdings Co., Ltd. [member] | |
Statement [LineItems] | |
Summary of Acquiree | (i) Summary of the acquiree Information of Acquiree Corporate name Life & Security Holdings Co., Ltd. Location 323, Incheon tower-daero, Yeonsu-gu, CEO Choi, Jin-hwan Industry Holding company of subsidiaries in security business |
Considerations Transferred Identifiable Assets Acquired and Liabilities Assumed at Acquisition Date | (ii) Considerations transferred, identifiable assets acquired and liabilities assumed at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Cash and cash equivalents ₩ 696,665 II. Fair value of identifiable assets acquired and liabilities assumed: Cash and cash equivalents 101,896 Trade and other receivables 40,241 Inventories 2,440 Property and equipment 427,752 Intangible assets 1,019,503 Other assets 3,956 Trade and other payables (296,660 ) Borrowings (1,744,839 ) Deferred tax liabilities (229,207 ) Other liabilities (158,042 ) (832,960 ) III. Non-controlling (374,588 ) IV. Goodwill(I—II+III) ₩ 1,155,037 |
SK Infosec Co., Ltd. [member] | |
Statement [LineItems] | |
Considerations Transferred Identifiable Assets Acquired and Liabilities Assumed at Acquisition Date | Considerations paid and assets and liabilities recognized at the acquisition date are as follows: (In millions of won) Amount I. Considerations transferred: Treasury shares of the Parent Company(*) ₩ 281,151 II. Assets and liabilities acquired: Cash and cash equivalents 30,762 Trade and other receivables 62,448 Inventories 1,293 Property and equipment 8,047 Intangible assets 5,528 Other assets 79,951 Trade and other payables (38,431 ) Other liabilities (20,003 ) 129,595 III. Deduction of capital surplus and others (I — II) ₩ 151,556 (*) The Parent Company provided 1,260,668 shares of its treasury shares as considerations, and the fair value of the considerations was ₩335,338 million at the transfer date. |
Investments in Associates and_2
Investments in Associates and Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Investments in associates and joint ventures accounted for using the equity method | (1) Investments in associates and joint ventures accounted for using the equity method as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 (In millions of won) Country Ownership (%) Carrying Ownership Carrying Investments in associates: SK China Company Ltd. China 27.3 ₩ 568,459 27.3 ₩ 551,548 Korea IT Fund(*1) Korea 63.3 311,552 63.3 281,684 KEB HanaCard Co., Ltd.(*2) Korea 15.0 294,756 15.0 288,457 SK Telecom CS T1 Co., Ltd.(*1,3) Korea 54.9 60,305 — — NanoEnTek, Inc. Korea 28.6 42,127 28.9 40,974 UniSK China 49.0 14,342 49.0 13,486 SK Technology Innovation Company Cayman 49.0 43,997 49.0 42,469 SK MENA Investment B.V. Netherlands 32.1 14,904 32.1 14,420 SK hynix Inc. Korea 20.1 11,425,325 20.1 11,208,315 SK Latin America Investment S.A. Spain 32.1 13,698 32.1 13,313 Grab Geo Holdings PTE. LTD.(*4) Singapore 30.0 31,269 — — SK South East Asia Investment Pte. Ltd.(Formerly, SE ASIA INVESTMENT PTE. LTD.)(*5) Singapore 20.0 250,034 20.0 111,000 Pacific Telecom Inc.(*2) USA 15.0 40,016 15.0 37,075 S.M. Culture & Contents Co., Ltd. Korea 23.4 63,469 23.4 63,801 Content Wavve Co., Ltd.(*6) Korea 30.0 83,640 — — Hello Nature., Ltd. Korea 49.9 13,620 49.9 28,549 Health Connect Co., Ltd. and others — — 65,343 — 96,522 13,336,856 12,791,613 Investments in joint ventures: Dogus Planet, Inc.(*7) Turkey 50.0 15,921 50.0 12,487 Finnq Co., Ltd.(*7,8) Korea 49.0 22,880 49.0 7,671 NEXTGEN BROADCAST SERVICES CO, LLC(*7,9) USA 50.0 7,961 — — NEXTGEN ORCHESTRATION, LLC(*7,10) USA 50.0 1,646 — — Celcom Planet(*11) Malaysia — — 44.7 — 48,408 20,158 ₩ 13,385,264 ₩ 12,811,771 (*1) Investments in Korea IT Fund and SK Telecom CS T1 Co., Ltd. were classified as investment in associates as the Group does not have control over the investee under the contractual agreement with other shareholders. (*2) These investments were classified as investments in associates as the Group can exercise significant influence through its right to appoint the members of board of directors even though the Group has less than 20% of equity interests. (*3) SK Telecom CS T1 Co., Ltd. was newly established during the year ended December 31, 2019. The Group contributed its e-sports (*4) The Group jointly established Grab Geo Holdings PTE. LTD. by investing ₩11,201 million in cash and by contributing ₩19,039 million in kind during the year ended December 31, 2019. (*5) The Group contributed ₩113,470 million in cash during the year ended December 31, 2019. (*6) The Group newly invested ₩90,858 million in cash during the year ended December 31, 2019. (*7) These investments were classified as investment in joint ventures as the Group has a joint control pursuant to the agreement with the other shareholders. (*8) The Group contributed ₩24,500 million in cash during the year ended December 31, 2019. (*9) The Group newly invested ₩8,160 million in cash during the year ended December 31, 2019. (*10) The Group newly invested ₩1,748 million in cash during the year ended December 31, 2019. (*11) Investment in Celcom Planet was disposed during the year ended December 31, 2019. |
Market price of investments in listed associates | (2) The market value of investments in listed associates as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 (In millions of won, except for share data) Market price (in won) Number of Market value Market price (in won) Number of Market value NanoEnTek, Inc. ₩ 5,620 7,600,649 42,716 4,235 7,600,649 32,189 SK hynix Inc. 94,100 146,100,000 13,748,010 60,500 146,100,000 8,839,050 S.M. Culture & Contents Co., Ltd. 1,530 22,033,898 33,712 2,020 22,033,898 44,508 |
Financial information of significant associates | (3) The condensed financial information of significant associates as of and for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) SK hynix KEB HanaCard Korea IT SK China As of December 31, 2019 Current assets ₩ 14,457,602 7,974,407 113,233 615,028 Non-current 50,331,892 207,284 378,691 1,442,748 Current liabilities 7,874,033 1,015,657 — 59,395 Non-current 8,972,266 5,537,850 — 215,354 2019 Revenue 26,990,733 1,236,678 70,565 116,269 Profit for the year 2,016,391 56,281 53,867 23,474 Other comprehensive income (loss) 94,023 (4,458 ) 6,132 (15,093 ) Total comprehensive income 2,110,414 51,823 59,999 8,381 (*) The financial information of SK hynix Inc., KEB HanaCard Co., Ltd., and SK China Company Ltd. are consolidated financial information. (In millions of won) SK hynix Inc.(*) KEB HanaCard Korea IT Fund SK China Company As of December 31, 2018 Current assets ₩ 19,894,146 7,781,888 118,024 677,686 Non-current 43,764,189 202,251 326,740 1,221,736 Current liabilities 13,031,852 1,122,538 — 71,396 Non-current 3,774,152 5,286,179 — 117,094 2018 Revenue 40,445,066 1,642,133 57,430 117,132 Profit for the year 15,539,984 106,675 45,110 30,274 Other comprehensive loss (67,219 ) (4,344 ) (13,422 ) (16,149 ) Total comprehensive income 15,472,765 102,331 31,688 14,125 (*) The financial information of SK hynix Inc., KEB HanaCard Co., Ltd., and SK China Company Ltd. are consolidated financial information. (In millions of won) SK hynix Inc.(*) KEB HanaCard Korea IT Fund SK China Company As of December 31, 2017 Current assets ₩ 17,310,444 7,339,492 144,874 729,872 Non-current 28,108,020 220,258 260,920 1,031,647 Current liabilities 8,116,133 1,181,746 — 81,161 Non-current 3,481,412 4,861,842 — 64,717 2017 Revenue 30,109,434 1,519,607 11,743 69,420 Profit for the year 10,642,219 106,352 1,916 11,492 Other comprehensive income (loss) (422,042 ) (984 ) 4,108 27,190 Total comprehensive income 10,220,177 105,368 6,024 38,682 (*) The financial information of SK hynix Inc., KEB HanaCard Co., Ltd., and SK China Company Ltd. are consolidated financial information. |
Condensed financial information of joint ventures | (4) The condensed financial information of joint ventures as of and for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) Dogus Planet, Inc. Finnq Co., Ltd. As of December 31, 2019 Current assets ₩ 59,632 42,995 Cash and cash equivalents 13,422 40,619 Non-current 25,247 11,389 Current liabilities 52,238 6,756 Accounts payable, other payables and provisions 35,459 5,062 Non-current 800 1,099 2019 Revenue 136,777 1,968 Depreciation and amortization (5,487 ) (4,769 ) Interest income 1,455 12 Interest expense (92 ) (198 ) Profit (Loss) for the year 9,294 (17,079 ) Total comprehensive income (loss) 9,294 (17,361 ) (In millions of won) Dogus Planet, Inc. Finnq Co., Ltd. As of December 31, 2018 Current assets ₩ 43,127 11,985 Cash and cash equivalents 42,416 10,434 Non-current 20,239 15,435 Current liabilities 37,105 5,070 Accounts payable, other payables and provisions 28,432 87 Non-current 1,287 7,579 2018 Revenue 99,770 232 Depreciation and amortization (5,427 ) (3,490 ) Interest income 1,635 5 Interest expense — (301 ) Profit (Loss) for the year 642 (17,995 ) Total comprehensive income (loss) 642 (18,166 ) (In millions of won) Dogus Planet, Inc. Finnq Co., Ltd. As of December 31, 2017 Current assets ₩ 39,656 32,232 Cash and cash equivalents 25,818 4,590 Non-current 21,159 15,610 Current liabilities 32,622 5,685 Accounts payable, other payables and provisions 2,743 2,290 Non-current 212 13,862 (In millions of won) 2017 Revenue 82,791 — Depreciation and amortization (6,152 ) (1,077 ) Interest income 781 532 Interest expense (4 ) (276 ) Loss for the year (4,535 ) (15,699 ) Total comprehensive loss (4,535 ) (15,699 ) |
Reconciliations of financial information of significant associates to carrying amounts of investments in associates in the consolidated financial statements | (5) Reconciliations of financial information of significant associates to carrying amounts of investments in associates in the consolidated financial statements as of December 31, 2019 and 2018 are as follows: December 31, 2019 (In millions of won) Net assets Ownership Net assets Cost-book Carrying SK hynix Inc.(*1,2) ₩ 47,928,415 20.1 10,237,314 1,188,011 11,425,325 KEB HanaCard Co., Ltd. 1,628,184 15.0 244,228 50,528 294,756 Korea IT Fund 491,924 63.3 311,552 — 311,552 SK China Company Ltd.(*1) 1,772,419 27.3 483,360 85,099 568,459 (In millions of won) December 31, 2018 Net assets Ownership Net assets Cost-book Carrying SK hynix Inc.(*1,2) ₩ 46,843,742 20.1 10,005,624 1,202,691 11,208,315 KEB HanaCard Co., Ltd. 1,575,422 15.0 236,313 52,144 288,457 Korea IT Fund 444,764 63.3 281,684 — 281,684 SK China Company Ltd.(*1) 1,708,612 27.3 465,959 85,589 551,548 (*1) Net assets of these entities represent net assets excluding those attributable to their non-controlling (*2) The ownership interest is based on the number of shares owned by the Parent Company divided by the total shares issued by the investee company. The Group applied the equity method using the effective ownership interest which is based on the number of shares owned by the Parent Company and the investee’s total shares outstanding. The effective ownership interest applied for the equity method is 21.36% for 2019 and 2018. |
Details of the changes in investments in associates and joint ventures accounted for using the equity method | (6) Details of the changes in investments in associates and joint ventures accounted for using the equity method for the years ended December 31, 2019 and 2018 are as follows: 2019 (In millions of won) Beginning Acquisition Share of Other Other Ending Investments in associates: SK China Company Ltd. ₩ 551,548 — 4,916 11,995 — 568,459 Korea IT Fund(*1) 281,684 — 34,116 3,884 (8,132 ) 311,552 KEB HanaCard Co., Ltd. 288,457 — 6,827 (528 ) — 294,756 SK Telecom CS T1 Co., Ltd. — 60,305 — — — 60,305 NanoEnTek, Inc. 40,974 (43 ) 1,220 (24 ) — 42,127 UniSK(*1) 13,486 — 728 347 (219 ) 14,342 SK Technology Innovation Company 42,469 — 89 1,439 — 43,997 SK MENA Investment B.V. 14,420 — 4 480 — 14,904 SK hynix Inc.(*1) 11,208,315 — 416,168 20,008 (219,166 ) 11,425,325 SK Latin America Investment S.A. 13,313 — 74 311 — 13,698 Grab Geo Holdings PTE. LTD. — 30,518 (17 ) 768 — 31,269 SK South East Asia Investment Pte. Ltd. (Formerly, SE ASIA INVESTMENT PTE. LTD.) 111,000 113,470 6,062 19,502 — 250,034 Pacific Telecom Inc. 37,075 — 2,689 252 — 40,016 S.M. Culture & Contents Co., Ltd. 63,801 — 464 (796 ) — 63,469 Content Wavve Co., Ltd. — 90,858 (7,218 ) — — 83,640 Hello Nature Ltd.(*2) 28,549 — (6,580 ) (16 ) (8,333 ) 13,620 Health Connect Co., Ltd. and 96,522 7,444 (17,142 ) 3,101 (24,582 ) 65,343 12,791,613 302,552 442,400 60,723 (260,432 ) 13,336,856 Investments in joint ventures: Dogus Planet, Inc. 12,487 (81 ) 4,628 (1,113 ) — 15,921 Finnq Co., Ltd. 7,671 24,500 (8,441 ) (850 ) — 22,880 NEXTGEN BROADCAST SERVICES CO, LLC — 8,160 (144 ) — (55 ) 7,961 NEXTGEN ORCHESTRATION, LLC — 1,748 (91 ) — (11 ) 1,646 Celcom Planet(*4) — 6,141 (6,141 ) — — — 20,158 40,468 (10,189 ) (1,963 ) (66 ) 48,408 ₩ 12,811,771 343,020 432,211 58,760 (260,498 ) 13,385,264 (*1) Dividends received from the associates are deducted from the carrying amount during the year ended December 31, 2019. (*2) The Group recognized ₩8,333 million of impairment loss for the investments in Hello Nature Ltd. during the year ended December 31, 2019. (*3) The acquisition for the year ended December 31, 2019 includes ₩6,800 million of cash investments in Carrot Co., Ltd. Other increase (decrease) includes the changes in book value due to the reclassification of FSK L&S Co., Ltd. as investments in subsidiary from investments in associates. (*4) Investments in Celcom Planet was disposed during the 2018 (In millions of won) Beginning Acquisition Share of Other Other Ending Investments in associates: SK China Company Ltd. ₩ 526,099 — 7,618 17,831 — 551,548 Korea IT Fund(*) 257,003 — 38,099 (9,919 ) (3,499 ) 281,684 KEB HanaCard Co., Ltd. 280,988 — 14,581 (7,112 ) — 288,457 NanoEnTek, Inc. 38,718 3,180 (116 ) (808 ) — 40,974 SK Technology Innovation Company 42,511 — (1,880 ) 1,838 — 42,469 HappyNarae Co., Ltd. 21,873 (29,325 ) 7,479 (27 ) — — SK hynix Inc.(*) 8,130,000 — 3,238,054 (13,639 ) (146,100 ) 11,208,315 SK MENA Investment B.V. 13,853 — (24 ) 591 — 14,420 S.M. Culture & Contents Co., Ltd. 64,966 — (909 ) (256 ) — 63,801 Xian Tianlong Science and Technology Co., Ltd. 25,891 (25,553 ) (338 ) — — — Hello Nature Ltd. — — (959 ) — 29,508 28,549 12CM Japan, Inc. — 7,697 (43 ) 80 — 7,734 MAKEUS Corp. — 9,773 (574 ) — (6 ) 9,193 SK South East Asia Investment Pte. Ltd. (Formerly, SE ASIA INVESTMENT PTE. LTD.) — 111,000 — — — 111,000 Pacific Telecom Inc. — 36,487 473 115 — 37,075 Health Connect Co., Ltd. and others(*) 96,479 22,902 (6,474 ) 197 (6,710 ) 106,394 9,498,381 136,161 3,294,987 (11,109 ) (126,807 ) 12,791,613 Investments in joint ventures: Dogus Planet, Inc. 13,991 1,537 563 (3,604 ) — 12,487 Finnq Co., Ltd. 16,474 — (8,728 ) (75 ) — 7,671 12CM GLOBAL PTE. LTD. 9,592 (9,631 ) 42 (3 ) — — Celcom Planet — 12,932 (12,932 ) — — — 40,057 4,838 (21,055 ) (3,682 ) — 20,158 ₩ 9,538,438 140,999 3,273,932 (14,791 ) (126,807 ) 12,811,771 (*) Dividends received from the associates are deducted from the carrying amount during the year ended December 31, 2018. |
Details of cumulative unrecognized equity method losses | (7) The Group discontinued the application of equity method to the following investees due to their carrying amounts being reduced to zero. The details of cumulative unrecognized equity method losses as of December 31, 2019 are as follows: Unrecognized loss Unrecognized change in equity (In millions of won) 2019 Cumulative loss 2019 Cumulative loss Wave City Development Co., Ltd. ₩ (2,164 ) 4,370 — — Daehan Kanggun BcN Co., Ltd. and others (4,758 ) 10,652 (503 ) (138 ) ₩ (6,922 ) 15,022 (503 ) (138 ) |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of property and equipment | (1) Property and equipment as of December 31, 2019 and 2018 are as follows: December 31, 2019 (In millions of won) Acquisition cost Accumulated Accumulated Carrying amount Land ₩ 981,389 — — 981,389 Buildings 1,715,619 (847,761 ) (450 ) 867,408 Structures 910,049 (561,379 ) (1,601 ) 347,069 Machinery 34,173,584 (26,198,631 ) (33,742 ) 7,941,211 Other 2,084,463 (1,349,039 ) (3,125 ) 732,299 Right-of-use 1,000,491 (291,095 ) — 709,396 Construction in progress 755,508 — — 755,508 ₩ 41,621,103 (29,247,905 ) (38,918 ) 12,334,280 (In millions of won) December 31, 2018 Acquisition cost Accumulated Accumulated Carrying amount Land ₩ 938,344 — — 938,344 Buildings 1,670,486 (807,192 ) — 863,294 Structures 883,032 (525,537 ) (1,456 ) 356,039 Machinery 32,096,543 (24,922,091 ) (27,728 ) 7,146,724 Other 2,182,960 (1,331,971 ) (2,393 ) 848,596 Construction in progress 565,357 — — 565,357 ₩ 38,336,722 (27,586,791 ) (31,577 ) 10,718,354 |
Changes in property and equipment | (2) Changes in property and equipment for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 Beginning Impact of IFRS 16 Acquisition Disposal Transfer Depreciation Impairment(*1) Business Disposal of Ending Land ₩ 938,344 — 3,297 (275 ) 39,454 — — 569 — 981,389 Buildings 863,294 — 8,117 (2,886 ) 52,775 (54,100 ) (450 ) 658 — 867,408 Structures 356,039 — 18,246 (48 ) 10,582 (36,149 ) (1,601 ) — — 347,069 Machinery 7,146,724 — 821,576 (25,791 ) 2,351,614 (2,319,634 ) (33,278 ) — — 7,941,211 Other 848,596 (1,113 ) 1,443,327 (5,816 ) (1,353,999 ) (199,106 ) (147 ) 557 — 732,299 Right-of-use assets — 654,449 618,811 (204,241 ) — (360,606 ) — 1,080 (97 ) 709,396 Construction in progress 565,357 — 1,515,617 (22,338 ) (1,303,128 ) — — — — 755,508 ₩ 10,718,354 653,336 4,428,991 (261,395 ) (202,702 ) (2,969,595 ) (35,476 ) 2,864 (97 ) 12,334,280 (*1) The Group recognized impairment losses for obsolete assets during the year ended December 31, 2019. (*2) Includes assets from the Parent Company’s acquisitions of FSK L&S Co., Ltd. and Incross Co., Ltd. (In millions of won) 2018 Beginning Acquisition Disposal Transfer Depreciation Impairment(*1) Business Disposal of Ending Land ₩ 862,861 4,734 (7,151 ) 15,062 — — 62,838 — 938,344 Buildings 882,650 5,858 (4,313 ) 25,249 (52,153 ) — 6,003 — 863,294 Structures 378,575 9,188 (36 ) 5,859 (36,091 ) (1,456 ) — — 356,039 Machinery 7,079,798 806,520 (74,465 ) 1,347,320 (2,214,957 ) (27,264 ) 229,772 — 7,146,724 Other 531,057 892,103 (7,408 ) (539,068 ) (148,223 ) — 123,214 (3,079 ) 848,596 Construction in progress 409,941 1,223,410 (3,906 ) (1,078,539 ) — — 14,451 — 565,357 ₩ 10,144,882 2,941,813 (97,279 ) (224,117 ) (2,451,424 ) (28,720 ) 436,278 (3,079 ) 10,718,354 (*1) The Group recognized impairment losses for obsolete assets during the year ended December 31, 2018. (*2) Includes assets from the Parent Company’s acquisitions of id Quantique SA, Life & Security Holdings Co., Ltd. and SK Infosec Co., Ltd. |
Summary of right-of-use assets | (3) Details of the right-of-use (In millions of won) December 31, January 1, Buildings, Land and Structures ₩ 584,523 512,698 Other 124,873 141,751 ₩ 709,396 654,449 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of goodwill | (1) Goodwill as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, December 31, Goodwill related to merger of Shinsegi Telecom, Inc. ₩ 1,306,236 1,306,236 Goodwill related to acquisition of SK Broadband Co., Ltd. 358,443 358,443 Goodwill related to acquisition of Life & Security Holdings Co., Ltd. 1,155,037 1,155,037 Other goodwill 129,814 118,847 ₩ 2,949,530 2,938,563 |
Details of the changes in goodwill | (3) Details of the changes in goodwill for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 2018 Beginning balance ₩ 2,938,563 1,915,017 Acquisition 30,962 1,206,702 Disposal — (807 ) Impairment loss(*1,2) (21,065 ) (166,838 ) Other 1,070 (15,511 ) Ending balance ₩ 2,949,530 2,938,563 (*1) Goodwill related to LIFE DESIGN COMPANY Inc. of DREAMUS COMPANY (formerly, IRIVER LIMITED). |
Summary of estimated recoverable amount of the CGU | The following table shows the amount by which these two assumptions would need to be changed to individually for the estimated recoverable amount of the CGU to be equal to the carrying amount. 2019 Annual discount rate 7.31 % Annual growth rate applied for the cash flows expected to be incurred after five years 0.97 % |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Statement [LineItems] | |
Summary of intangible assets | (1) Intangible assets as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Acquisition cost Accumulated Accumulated Carrying Frequency usage rights ₩ 6,210,882 (3,563,381 ) — 2,647,501 Land usage rights 53,265 (45,916 ) — 7,349 Industrial rights 110,380 (43,522 ) (34 ) 66,824 Development costs 63,840 (50,127 ) (2,567 ) 11,146 Facility usage rights 157,664 (131,832 ) — 25,832 Customer relations 607,435 (16,064 ) — 591,371 Club memberships(*1) 112,571 — (32,161 ) 80,410 Brands(*1) 374,096 — — 374,096 Other(*2) 4,397,319 (3,313,263 ) (22,493 ) 1,061,563 ₩ 12,087,452 (7,164,105 ) (57,255 ) 4,866,092 (In millions of won) December 31, 2018 Acquisition cost Accumulated Accumulated Carrying Frequency usage rights ₩ 6,210,882 (3,070,904 ) — 3,139,978 Land usage rights 65,974 (55,463 ) — 10,511 Industrial rights 163,983 (50,640 ) (29,716 ) 83,627 Development costs 54,941 (44,304 ) (1,647 ) 8,990 Facility usage rights 155,470 (124,443 ) — 31,027 Customer relations 643,421 (18,330 ) — 625,091 Club memberships(*1) 114,650 — (34,175 ) 80,475 Brands(*1) 374,096 — — 374,096 Other(*2) 4,256,377 (3,058,022 ) (38,640 ) 1,159,715 ₩ 12,039,794 (6,422,106 ) (104,178 ) 5,513,510 (*1) Club memberships and Brands are classified as intangible assets with indefinite useful life and are not amortized. (*2) Other intangible assets primarily consist of computer software and others. |
Details of the changes in intangible assets | (3) Research and development expenditures recognized as expense for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Research and development costs expensed as incurred ₩ 391,327 387,675 395,276 |
Intangible assets other than goodwill [Member] | |
Statement [LineItems] | |
Details of the changes in intangible assets | (2) Details of the changes in intangible assets for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 Beginning Impact of adopting IFRS 16 Acquisition Disposal Transfer Amortization Impairment(*1) Business Disposal of Ending Frequency usage rights ₩ 3,139,978 — — — — (492,477 ) — — — 2,647,501 Land usage rights 10,511 — 2,017 (442 ) — (4,737 ) — — — 7,349 Industrial rights 83,627 — 1,409 (1,540 ) 2,491 (4,696 ) — 158 (14,625 ) 66,824 Development costs 8,990 — 2,218 — 1,468 (5,359 ) (961 ) 4,790 — 11,146 Facility usage rights 31,027 — 2,093 (25 ) 236 (7,499 ) — — — 25,832 Customer relations 625,091 — 250 (367 ) 304 (33,907 ) — — — 591,371 Club memberships 80,475 — 2,437 (1,574 ) (1,200 ) — (916 ) 1,188 — 80,410 Brands(*3) 374,096 — — — — — — — — 374,096 Other 1,159,715 (2,274 ) 134,911 (5,154 ) 209,322 (417,571 ) (7,517 ) 1,100 (10,969 ) 1,061,563 ₩ 5,513,510 (2,274 ) 145,335 (9,102 ) 212,621 (966,246 ) (9,394 ) 7,236 (25,594 ) 4,866,092 (*1) The Group recognized the difference between recoverable amount and the carrying amount of intangible assets amounting to ₩9,394 million as impairment loss for the year ended December 31, 2019. (*2) Includes assets from the Parent Company’s acquisitions of FSK L&S Co., Ltd. and Incross Co., Ltd. (*3) Brands are recognized in connection with the acquisition of Life & Security Holdings Co., Ltd. and are tested for impairment by comparing the recoverable amounts of CGU to the carrying amounts. (See note 15) (In millions of won) 2018 Beginning Acquisition Disposal Transfer Amortization Impairment(*1) Business Ending Frequency usage rights ₩ 2,176,940 1,366,926 — — (403,888 ) — — 3,139,978 Land usage rights 15,750 2,918 (1,142 ) 406 (7,421 ) — — 10,511 Industrial rights 111,347 6,694 (1,598 ) 5,254 (7,418 ) (30,748 ) 96 83,627 Development costs 4,103 4,250 — (6 ) (1,866 ) (118 ) 2,627 8,990 Facility usage rights 36,451 2,223 (39 ) 101 (7,709 ) — — 31,027 Customer relations 4,035 213 — 149 (9,541 ) — 630,235 625,091 Club memberships 73,614 6,719 (2,950 ) (7 ) — (173 ) 3,272 80,475 Brands(*3) — — — — — — 374,096 374,096 Other 1,164,725 126,164 (9,181 ) 277,504 (395,072 ) (29,242 ) 24,817 1,159,715 ₩ 3,586,965 1,516,107 (14,910 ) 283,401 (832,915 ) (60,281 ) 1,035,143 5,513,510 (*1) The Group recognized the difference between recoverable amount and the carrying amount of intangible assets amounting to ₩60,281 million as impairment loss for the year ended December 31, 2018. (*2) Includes assets from the Parent Company’s acquisitions of id Quantique SA, Life & Security Holdings Co., Ltd. and SK Infosec Co., Ltd. (*3) Brands are recognized in connection with the acquisition of Life & Security Holdings Co., Ltd. |
Frequency usage rights [member] | |
Statement [LineItems] | |
Summary of intangible assets | (4) Details of frequency usage rights as of December 31, 2019 are as follows: (In millions of won) Amount Description Commencement Completion of 800MHz license ₩ 60,816 CDMA and LTE service Jul. 2011 Jun. 2021 1.8GHz license 251,240 LTE service Sept. 2013 Dec. 2021 2.6GHz license 849,930 LTE service Sept. 2016 Dec. 2026 2.1GHz license 208,918 W-CDMA Dec. 2016 Dec. 2021 3.5GHz license(*) 1,073,914 5G service Apr. 2019 Nov. 2028 28GHz license(*) 202,683 5G service — Nov. 2023 ₩ 2,647,501 (*) The Group participated in the frequency license allocation auction hosted by Ministry of Science and Information and Communication Technology(ICT) and was assigned the 3.5GHz and 28GHz bands of frequency licenses during the year ended December 31, 2018. The considerations payable for the bands of frequency are ₩1,218,500 million and ₩207,300 million, respectively. These bands of frequency were assigned in December 2018 and the annual payments in installment of the remaining balances will be made for the next ten and five years, respectively. The Group recognized these frequency licenses as intangible assets at the date of initial lump sum payment and began amortization for 3.5GHz license in April 2019. The amortization for 28GHz license will begin when it is in the condition necessary for it to be capable of operating in the manner intended by management. |
Borrowings and Debentures (Tabl
Borrowings and Debentures (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Short-term borrowings | (1) Short-term borrowings as of December 31, 2019 and 2018 are as follows: (In millions of won, thousands of foreign currency) Lender Annual interest December 31, 2019 December 31, 2018 Short-term borrowings Shinhan Bank 3.19 ₩ — 30,000 Shinhan Bank 2.27 — 30,000 Shinhan Bank(*1) 6M Financial I 15,000 15,000 KEB Hana Bank(*2) 3M CD + 1.75 5,000 5,000 Woori Bank 7.50 603 (VND12,068,234) — ₩ 20,603 80,000 (*1) As of December 31, 2019, 6M Financial I (bank) rate is 1.52%. (*2) As of December 31, 2019, 3M CD rate is 1.53%. |
Long-term borrowings | (2) Long-term borrowings as of December 31, 2019 and 2018 are as follows: (In millions of won and thousands of U.S. dollars) Lender Annual interest Maturity December 31, 2019 December 31, 2018 KEB Hana Bank(*1) 3.51 Feb. 28, 2020 — 40,000 Korea Development Bank(*2) 3M CD + 0.60 Jul. 30, 2019 — 9,750 Korea Development Bank(*2) 3M CD + 0.60 Jul. 30, 2019 — 2,500 Korea Development Bank(*2,3) 3M CD + 0.61 Dec. 20, 2021 24,500 36,750 Korea Development Bank(*2,4) 3M CD + 0.71 Dec. 21, 2022 37,500 50,000 Credit Agricole CIB(*2,5) 3M CD + 0.82 Dec. 14, 2023 50,000 50,000 Shinhan Bank and others 4.21 Sept. 30, 2023 1,750,000 1,750,000 KDB Capital and others 7.20 Sept. 30, 2023 150,000 150,000 Export Kreditnamnden(*6) 1.70 Apr. 29, 2022 33,266 45,007 2,045,266 2,134,007 Less present value discount (22,729 ) (29,011 ) 2,022,537 2,104,996 Less current installments (50,388 ) (89,631 ) ₩ 1,972,149 2,015,365 (*1) The long-term borrowings were repaid before maturity during the year ended December 31, 2019. (*2) As of December 31, 2019, 3M CD rate is 1.53%. (*3) The long-term borrowings are to be repaid by installments on an annual basis from 2017 to 2021. (*4) The long-term borrowings are to be repaid by installments on an annual basis from 2018 to 2022. (*5) The long-term borrowings are to be repaid by installments on an annual basis from 2020 to 2023. (*6) The long-term borrowings are to be repaid by installments on an annual basis from 2014 to 2022. |
Debentures | (3) Debentures as of December 31, 2019 and 2018 are as follows: (In millions of won and thousands of U.S. dollars) Purpose Maturity Annual interest December 31, 2019 December 31, Unsecured corporate bonds Operating fund 2021 4.22 ₩ 190,000 190,000 Unsecured corporate bonds Operating and 2019 3.24 — 170,000 Unsecured corporate bonds 2022 3.30 140,000 140,000 Unsecured corporate bonds 2032 3.45 90,000 90,000 Unsecured corporate bonds Operating fund 2023 3.03 230,000 230,000 Unsecured corporate bonds 2033 3.22 130,000 130,000 Unsecured corporate bonds 2019 3.30 — 50,000 Unsecured corporate bonds 2024 3.64 150,000 150,000 Unsecured corporate bonds(*1) 2029 4.72 — 61,813 Unsecured corporate bonds Refinancing fund 2019 2.53 — 160,000 Unsecured corporate bonds 2021 2.66 150,000 150,000 Unsecured corporate bonds 2024 2.82 190,000 190,000 Unsecured corporate bonds Operating and refinancing fund 2022 2.40 100,000 100,000 Unsecured corporate bonds 2025 2.49 150,000 150,000 Unsecured corporate bonds 2030 2.61 50,000 50,000 Unsecured corporate bonds Operating fund 2025 2.66 70,000 70,000 Unsecured corporate bonds 2030 2.82 90,000 90,000 Unsecured corporate bonds Operating and 2025 2.55 100,000 100,000 Unsecured corporate bonds 2035 2.75 70,000 70,000 Unsecured corporate bonds Operating fund 2019 1.65 — 70,000 Unsecured corporate bonds 2021 1.80 100,000 100,000 Unsecured corporate bonds 2026 2.08 90,000 90,000 Unsecured corporate bonds 2036 2.24 80,000 80,000 Unsecured corporate bonds 2019 1.62 — 50,000 Unsecured corporate bonds 2021 1.71 50,000 50,000 Unsecured corporate bonds 2026 1.97 120,000 120,000 Unsecured corporate bonds 2031 2.17 50,000 50,000 Unsecured corporate bonds Refinancing fund 2020 1.93 60,000 60,000 Unsecured corporate bonds 2022 2.17 120,000 120,000 Unsecured corporate bonds 2027 2.55 100,000 100,000 Unsecured corporate bonds Operating and refinancing fund 2032 2.65 90,000 90,000 Unsecured corporate bonds Refinancing fund 2020 2.39 100,000 100,000 Unsecured corporate bonds Operating and refinancing fund 2022 2.63 80,000 80,000 Unsecured corporate bonds Refinancing fund 2027 2.84 100,000 100,000 Unsecured corporate bonds 2021 2.57 110,000 110,000 Unsecured corporate bonds 2023 2.81 100,000 100,000 Unsecured corporate bonds 2028 3.00 200,000 200,000 Unsecured corporate bonds 2038 3.02 90,000 90,000 Unsecured corporate bonds Operating and refinancing fund 2021 2.10 100,000 100,000 Unsecured corporate bonds 2023 2.33 150,000 150,000 Unsecured corporate bonds 2038 2.44 50,000 50,000 Unsecured corporate bonds Operating fund 2022 2.03 180,000 — Unsecured corporate bonds 2024 2.09 120,000 — Unsecured corporate bonds 2029 2.19 50,000 — Unsecured corporate bonds Operating fund 2039 2.23 50,000 — Unsecured corporate bonds Operating and refinancing fund 2022 1.40 120,000 — Unsecured corporate bonds 2024 1.49 60,000 — Unsecured corporate bonds 2029 1.50 120,000 — Unsecured corporate bonds 2039 1.52 50,000 — Unsecured corporate bonds 2049 1.56 50,000 — Unsecured corporate bonds Operating fund 2022 1.69 230,000 — Unsecured corporate bonds 2024 1.76 70,000 — Unsecured corporate bonds 2029 1.79 40,000 — Unsecured corporate bonds 2039 1.81 60,000 — Unsecured corporate bonds(*2) Operating fund 2019 3.49 — 210,000 Unsecured corporate bonds(*2) 2019 2.76 — 130,000 Unsecured corporate bonds(*2) 2020 2.49 160,000 160,000 Unsecured corporate bonds(*2) 2020 2.43 140,000 140,000 Unsecured corporate bonds(*2) 2020 2.18 130,000 130,000 Unsecured corporate bonds(*2) 2019 1.58 — 50,000 Unsecured corporate bonds(*2) Operating and refinancing fund 2021 1.77 120,000 120,000 Unsecured corporate bonds(*2) Operating fund 2022 2.26 150,000 150,000 Unsecured corporate bonds(*2) Refinancing fund 2020 2.34 30,000 30,000 Unsecured corporate bonds(*2) Operating and refinancing fund 2022 2.70 140,000 140,000 Unsecured corporate bonds(*2) 2021 2.59 70,000 70,000 Unsecured corporate bonds(*2) 2023 2.93 80,000 80,000 Unsecured corporate bonds(*2) Refinancing fund 2022 2.00 50,000 — Unsecured corporate bonds(*2) 2024 2.09 160,000 — Unsecured corporate bonds(*2) Operating and refinancing fund 2022 1.71 80,000 — Unsecured corporate bonds(*2) 2024 1.71 100,000 — Unsecured corporate bonds(*2) 2026 1.86 50,000 — Convertible bonds(*3) Operating fund 2019 1.00 — 5,479 Private placement corporate bonds Operating fund 2023 — 6,292 — Private placement corporate bonds Operating fund 2023 — 6,222 — Unsecured global bonds Operating fund 2027 6.63 463,120 (USD400,000 ) 447,240 (USD400,000 ) Unsecured global bonds 2023 3.75 578,900 (USD500,000 ) 559,050 (USD500,000 ) Unsecured global bonds(*2) Refinancing fund 2023 3.88 347,340 (USD300,000 ) 335,430 (USD300,000 ) Floating rate notes(*4) Operating fund 2020 3M LIBOR + 0.88 347,340 (USD300,000 ) 335,430 (USD300,000 ) 8,249,214 7,494,442 Less discounts on bonds (28,381 ) (27,590 ) 8,220,833 7,466,852 Less current installments of bonds (966,939 ) (894,641 ) ₩ 7,253,894 6,572,211 (*1) The debenture was repaid before maturity during the year ended December 31, 2019. (*2) Unsecured corporate bonds were issued by SK Broadband Co., Ltd. (*3) Convertible bonds were issued by DREAMUS COMPANY (formerly, IRIVER LIMITED). (*4) As of December 31, 2019, 3M LIBOR rate is 1.91%. |
Long-term Payables - other (Tab
Long-term Payables - other (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Long-term payables - other | (1) Long-term payables — other as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Payables related to acquisition of frequency usage rights ₩ 1,544,699 1,939,082 Other 5,468 29,702 ₩ 1,550,167 1,968,784 |
Summary of Long-term payables - other | (2) As of December 31, 2019 and 2018, details of long-term payables — other which consist of payables related to the acquisition of frequency usage rights are as follows (See Note 16): (In millions of won) December 31, 2019 December 31, 2018 Long-term payables — other ₩ 2,051,389 2,476,738 Present value discount on long-term payables — other (82,851 ) (113,772 ) Current installments of long-term payables — other (423,839 ) (423,884 ) Carrying amount at December 31 ₩ 1,544,699 1,939,082 |
Repayment schedule of the principal amount of long-term payables - other related to acquisition of frequency usage rights | (3) The principal amount of the long-term payables — other repaid during the year ended December 31, 2019 is ₩425,349 million. The repayment schedule of the principal amount of long-term payables — other related to acquisition of frequency usage rights as of December 31, 2019 is as follows: (In millions of won) Amount Less than 1 year ₩ 425,349 1~3 years 647,589 3~5 years 413,385 More than 5 years 565,066 ₩ 2,051,389 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Changes in provisions | Changes in provisions for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 As of December 31, Beginning Increase Utilization Reversal Other Business Combination Ending Current Non-current Provision for restoration(*1) ₩ 77,741 7,811 (3,409 ) (1,711 ) 115 40 80,587 51,517 29,070 Emission allowance(*2) 2,238 5,037 (1,086 ) (932 ) — — 5,257 5,257 — Other provisions(*3) 107,229 7,609 (45,260 ) (163 ) (12,030 ) — 57,385 32,672 24,713 ₩ 187,208 20,457 (49,755 ) (2,806 ) (11,915 ) 40 143,229 89,446 53,783 (In millions of won) 2018 As of December 31, Beginning Impact of IFRS 15 Increase Utilization Reversal Other Business Combination Ending Current Non-current Provision for installment of handset subsidy ₩ 3,874 — — (1,075 ) (2,799 ) — — — — — Provision for restoration(*1) 73,267 — 6,684 (1,788 ) (765 ) 2 341 77,741 47,293 30,448 Emission allowance(*2) 4,650 — 2,228 (1,334 ) (3,306 ) — — 2,238 2,238 — Other provisions(*4) 2,935 (215 ) 110,628 (15,176 ) (272 ) — 9,329 107,229 38,462 68,767 ₩ 84,726 (215 ) 119,540 (19,373 ) (7,142 ) 2 9,670 187,208 87,993 99,215 (*1) In the course of the Group’s activities, base station and other assets are installed on leased premises which are expected to have costs associated with restoring the premises to their original conditions where these assets are situated upon ceasing their use on those premises. The associated cash outflows, which are long-term in nature, are generally expected to occur at the dates of the termination of lease contracts to which the assets relate. These restoration costs are calculated on the basis of the identified costs for the current financial year, extrapolated into the future based on management’s best estimates of future trends in prices, inflation, and other factors, and are discounted to present value at a risk-adjusted rate specifically applicable to the liability. Forecasts of estimated future cash outflows are revised in light of future changes in business conditions or technological requirements. The Group records these restoration costs as property and equipment and subsequently expenses them using the straight-line method over the asset’s useful life, and records the accretion of the liability as a charge to finance costs. (*2) The Group recognizes estimated future payment for the number of emission certificates required to settle the Group’s obligation exceeding the actual number of certificates on hand as emission allowances according to the Act on Allocation and Trading of Greenhouse Gas Emission Permits. (*3) ₩32,104 million of current provisions and ₩18,018 million of non-current (*4) ₩36,844 million of current provisions and ₩57,310 million of non-current |
Defined Benefit Liabilities (_2
Defined Benefit Liabilities (Assets) (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Statement [LineItems] | |
Details of defined benefit liabilities (assets) | (1) Details of defined benefit liabilities (assets) as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Present value of defined benefit obligations ₩ 1,136,787 926,302 Fair value of plan assets (965,654 ) (816,699 ) Defined benefit assets(*) (1,125 ) (31,926 ) Defined benefit liabilities 172,258 141,529 (*) Since the Group entities neither have legally enforceable right nor intention to settle the defined benefit obligations of Group entities with defined benefit assets of other Group entities, defined benefit assets of Group entities have been separately presented from defined benefit liabilities. |
Principal actuarial assumptions | (2) Principal actuarial assumptions as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 Discount rate for defined benefit obligations 1.77~3.04% 2.24~3.07% Expected rate of salary increase 1.53~6.00% 3.42~5.61% Discount rate for defined benefit obligation is determined based on market yields of high-quality corporate bonds with similar maturities for estimated payment term of defined benefit obligation. Expected rate of salary increase is determined based on the Group’s historical promotion index, inflation rate and salary increase ratio. |
Cost of benefit plan recognized in profit and loss | (5) Total cost of benefit plan, which is recognized in profit and loss (included in labor in the statement of income) and capitalized into construction-in-progress, (In millions of won) For the year ended December 31, 2019 2018 2017 Current service cost ₩ 171,197 143,725 125,526 Net interest cost 3,968 3,997 2,170 ₩ 175,165 147,722 127,696 |
Details of plan assets | (6) Details of plan assets as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Equity instruments ₩ 29,489 60,828 Debt instruments 207,504 144,272 Short-term financial instruments, etc. 728,661 611,599 ₩ 965,654 816,699 |
Effects on defined benefit obligations if each of significant actuarial assumptions changes within expectable and reasonable range | (7) As of December 31, 2019, effects on defined benefit obligations if each of significant actuarial assumptions changes within expectable and reasonable range are as follows: (In millions of won) 0.5% Increase 0.5% Decrease Discount rate ₩ (47,013 ) 54,248 Expected salary increase rate 53,864 (47,325 ) |
Retirement benefit obligation [Member] | |
Statement [LineItems] | |
Changes in defined benefit liabilities (assets) | (3) Changes in defined benefit obligations for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) For the year ended December 31 2019 2018 Beginning balance ₩ 926,302 679,625 Current service cost 171,197 143,725 Interest cost 23,685 23,131 Remeasurement - Demographic assumption 19,344 (1,929 ) - Financial assumption 56,265 30,519 - Adjustment based on experience 14,363 16,085 Benefit paid (84,098 ) (63,957 ) Business combinations 3,653 104,251 Others(*) 6,076 (5,148 ) Ending balance ₩ 1,136,787 926,302 (*) Others include changes of liabilities due to employee’s transfers among affiliates for the years ended December 31, 2019 and 2018. |
Plan assets [member] | |
Statement [LineItems] | |
Changes in defined benefit liabilities (assets) | (4) Changes in plan assets for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) For the year ended December 31 2019 2018 Beginning balance ₩ 816,699 663,617 Interest income 19,717 19,134 Remeasurement (5,366 ) (7,659 ) Contributions 204,186 166,624 Benefit paid (73,396 ) (43,549 ) Business combinations 3,207 21,417 Others 607 (2,885 ) Ending balance ₩ 965,654 816,699 |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Currency and interest rate swap contracts under cash flow hedge accounting | (1) Currency and interest rate swap contracts under cash flow hedge accounting as of December 31, 2019 are as follows: (In millions of won and thousands of U.S. dollars) Borrowing Hedging Instrument (Hedged item) Hedged risk Financial Duration of Jul. 20, 2007 Fixed-to-fixed face value of USD 400,000) Foreign currency risk Morgan Stanley and four other banks Jul. 20, 2007 ~ Mar. 7, 2013 Floating-to-fixed (U.S. dollar denominated bonds face value of USD 300,000) Foreign currency risk and interest rate risk DBS bank Mar. 7, 2013 ~ Mar. 7, 2020 Dec. 16, 2013 Fixed-to-fixed (U.S. dollar borrowing amounting to USD 28,732) Foreign currency risk Deutsche bank Dec. 16, 2013 ~ Apr. 29, 2022 Apr. 16, 2018 Fixed-to-fixed (U.S. dollar denominated bonds face value of USD 500,000) Foreign currency risk The Export-Import Bank of Korea and three other banks Apr. 16, 2018 ~ Apr. 16, 2023 Aug. 13, 2018 Fixed-to-fixed (U.S. dollar denominated bonds face value of USD 300,000) Foreign currency risk Citibank Aug. 13, 2018 ~ Aug. 13, 2023 Dec. 20, 2016 Floating-to-fixed (Korean won borrowing amounting to KRW 24,500) Interest rate risk Korea Development Bank Dec. 20, 2016 ~ Dec. 20, 2021 Dec. 21, 2017 Floating-to-fixed (Korean won borrowing amounting to KRW 37,500) Interest rate risk Korea Development Bank Dec. 21, 2017 ~ Dec. 21, 2022 Dec. 19, 2018 Floating-to-fixed (Korean won borrowing amounting to KRW 50,000) Interest rate risk Credit Agricole CIB Mar. 19, 2019 ~ Dec. 14, 2023 |
Details of fair values of the above derivatives recorded in assets or liabilities | (3) As of December 31, 2019, details of fair values of the above derivatives recorded in current assets (Derivative financial assets), non-current non-current (In millions of won and thousands of U.S. dollars) Hedging instrument (Hedged item) Cash flow hedge Held for trading Fair value Current assets: Floating-to-fixed ₩ 26,253 — 26,253 Non-current Fixed-to-fixed ₩ 43,851 — 43,851 Fixed-to-fixed 55,350 — 55,350 Fixed-to-fixed 797 — 797 Fixed-to-fixed 18,635 — 18,635 Settlement contract: Others ₩ — 6,074 6,074 ₩ 150,960 Non-current Floating-to-fixed ₩ (85 ) — (85 ) Floating-to-fixed (424 ) — (424 ) Floating-to-fixed (534 ) — (534 ) ₩ (1,043 ) |
Share Capital and Capital Sur_2
Share Capital and Capital Surplus and Others (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Number of authorized, issued and outstanding common shares and the details of capital surplus and others | The Parent Company’s outstanding share capital consists entirely of common shares with a par value of ₩500. The number of authorized, issued and outstanding common shares and the details of capital surplus and others as of December 31, 2019 and 2018 are as follows: (In millions of won, except for share data) December 31, 2019 December 31, 2018 Number of authorized shares 220,000,000 220,000,000 Number of issued shares(*1) 80,745,711 80,745,711 Share capital: Common share ₩ 44,639 44,639 Capital surplus and others: Paid-in 2,915,887 2,915,887 Treasury shares(note 23) (1,696,997 ) (1,979,475 ) Share option(note 25) 1,302 1,007 Others(*2) (612,470 ) (681,094 ) ₩ 607,722 256,325 (*1) In 2002 and 2003, the Parent Company retired treasury shares with reduction of retained earnings before appropriation. As a result, the Parent Company’s outstanding shares have decreased without change in share capital. (*2) Others primarily consist of the excess of the consideration paid by the Group over the carrying amount of net assets acquired from entities under common control. |
Details of shares outstanding | There were no changes in share capital during the years ended December 31, 2019 and 2018 and details of shares outstanding as of December 31, 2019 and 2018 are as follows: (In shares) 2019 2018 Issued Treasury Outstanding Issued Treasury Outstanding Shares outstanding 80,745,711 7,609,263 73,136,448 80,745,711 8,875,883 71,869,828 |
Treasury Shares (Tables)
Treasury Shares (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of treasury share | Treasury shares as of December 31, 2019 and 2018 are as follows: (In millions of won, except for share data) December 31, 2019 December 31, 2018 Number of shares(*) 7,609,263 8,875,883 Acquisition cost ₩ 1,696,997 1,979,475 (*) The Parent Company disposed 1,266,620 of its treasury shares to Kakao Co., Ltd. in exchange for ₩300,000 million in cash and acquired 2,177,401 shares of Kakao Co., Ltd. for ₩302,321 million during the year ended December 31, 2019 in order to solidify the future ICT business cooperation (See note 11). The number of treasury shares have decreased by 1,260,668 due to the comprehensive stock exchange transaction with SK Holdings Co., Ltd. in 2018. |
Hybrid Bonds (Tables)
Hybrid Bonds (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of hybrid bonds | Hybrid bonds classified as equity as of December 31, 2019 and 2018 are as follows: (In millions of won) Type Issuance date Maturity(*1) Annual interest December 31, December 31, Series 2-1 Unsecured subordinated bearer bond June 7, 2018 June 7, 2078 3.70 ₩ 300,000 300,000 Series 2-2 Unsecured subordinated bearer bond June 7, 2018 June 7, 2078 3.65 100,000 100,000 Issuance costs (1,241 ) (1,241 ) ₩ 398,759 398,759 As there is no contractual obligation to deliver financial assets to the holders of hybrid bonds, the Group classified the hybrid bonds as equity. These are subordinated bonds which rank before common shares in the event of a liquidation or reorganization of the Parent Company. (*1) The Parent Company has a right to extend the maturity without any notice or announcement. (*2) Annual interest rate is determined as yield rate of 5 year national bond plus premium. According to the step-up |
Share option (Tables)
Share option (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Terms and Conditions Related to Grants of Share Options under Share Option Program | (1) The terms and conditions related to the grants of the share options under the share option program are as follows: Parent Company Series 1-1 1-2 1-3 2 3(*) 4 Grant date March 24, 2017 February 20, 2018 February 22, 2019 March 26, 2019 Types of shares to be issued Registered common shares Grant method Reissue of treasury shares Reissue of treasury shares, cash settlement Number of shares (in shares) 22,168 22,168 22,168 1,358 4,177 1,734 Exercise price (in won) 246,750 266,490 287,810 254,120 265,260 254,310 Exercise period Mar. 25, 2019 ~ Mar. 24, 2022 Mar. 25, 2020 ~ Mar. 24, 2023 Mar. 25, 2021 ~ Mar. 24, 2024 Feb. 21, 2020 ~ Feb. 20, 2023 Feb. 23, 2021 ~ Feb. 22, 2024 Mar. 27, 2021 ~ Mar. 26, 2024 Vesting conditions 2 years’ service 3 years’ service 4 years’ service 2 years’ service 2 years’ service 2 years’ service (*) Parts of the grant that have not met the vesting conditions have been forfeited during the year ended December 31, 2019. One Store Co., Ltd. DREAMUS COMPANY (Formerly, IRIVER LIMITED) 1-1 1-2 1-3 Grant date April 27, 2018 March 28, 2019 March 28, 2019 March 28, 2019 Types of shares to be issued Common shares of One Common shares of DREAMUS COMPANY (Formerly, IRIVER LIMITED) Grant method Issuance of new shares Issuance of new shares, reissue of treasury shares, cash settlement Number of shares (in shares)(*) 970,050 400,014 400,005 399,981 Exercise price (in won) 5,390 9,160 9,160 9,160 Exercise period Apr. 28, 2020 ~ Apr. 27, 2024 Mar. 29, 2021 ~ Mar. 28, 2024 Mar. 29, 2022 ~ Mar. 28, 2025 Mar. 29, 2023 ~ Mar. 28, 2026 Vesting conditions 2 years’ service from (a) 2 years’ (b) Average (a) 3 years’ (b) Average (a) 4 years’ (b) Average Incross Co., Ltd. 3 4 5 6 7 Grant date March 30, 2016 March 7, 2017 March 7, 2018 March 7, 2019 October 15, 2019 Types of shares to be issued Common shares of Incross Co., Ltd. Grant method Issuance of new shares, reissue of treasury shares Number of shares (in shares) 19,750 29,625 9,900 6,600 59,225 Exercise price (in won) 10,571 17,485 25,861 16,895 22,073 Exercise period Mar. 31, 2019 ~ Mar. 30, 2022 Mar. 7, 2020 ~ Mar. 6, 2023 Mar. 7, 2021 ~ Mar. 6, 2024 Mar. 7, 2022 ~ Mar. 6, 2025 Oct. 15, 2022 ~ Oct. 14, 2025 Vesting conditions 3 years’ service 3 years’ 3 years’ 3 years’ 3 years’ service Life & Security Holdings Co., Ltd. FSK L&S Co., 1-1 1-2 1-3 1-4 Grant date August 22, 2019 May 31, 2019 Types of shares to be issued Common shares of Life & Security Holdings Co., Ltd. Common Grant method cash settlement Issuance of Number of shares (in shares) 3,506 3,163 6,260 6,245 43,955 Exercise price (in won) 949,940 949,940 1,025,935 1,108,010 10,000 Exercise period 1 st June. 1, 2022 ~ May. 31, 2025 2 nd 3 rd Vesting conditions Service Service Service Service 3 years’ (*) Parts of the grant of One Store Co., Ltd. and DREAMUS COMPANY(Formerly, IRIVER LIMITED) that have not met the vesting conditions have been forfeited during the years ended December 31, 2019 and 2018. |
Summary of Share Compensation Expense Recognized | (2) Share compensation expense recognized during the year ended December 31, 2019 and the remaining share compensation to be recognized in subsequent periods are as follows: (In millions of won) Share As of December 31, 2018 ₩ 1,203 During the year ended December 31, 2019 2,073 In subsequent periods 4,498 ₩ 7,774 |
Summary of Inputs Used in Binomial Option Pricing Model | (3) The Group used binomial option pricing model or Monte-Carlo simulation in the measurement of the fair value of the share options at grant date and the inputs used in the model are as follows: (In won) Parent Company Series 1-1 1-2 1-3 2 3 4 Risk-free interest rate 1.86 % 1.95 % 2.07 % 2.63 % 1.91 % 1.78 % Estimated option’s life 5 years 6 years 7 years 5 years 5 years 5 years Share price (Closing price on the preceding day) 262,500 262,500 262,500 243,500 259,000 253,000 Expected volatility 13.38 % 13.38 % 13.38 % 16.45 % 8.30 % 7.70 % Expected dividends 3.80 % 3.80 % 3.80 % 3.70 % 3.80 % 3.90 % Exercise price 246,750 266,490 287,810 254,120 265,260 254,310 Per share fair value of the option 27,015 20,240 15,480 23,988 8,600 8,111 (In won) One Store Co., DREAMUS COMPANY (Formerly, IRIVER LIMITED) 1-1 1-2 1-3 Risk-free interest rate 2.58 % 1.73 % 1.77 % 1.82 % Estimated option’s life 6 years — — — Share price (Closing price on the preceding day) 4,925 8,950 8,950 8,950 Expected volatility 9.25 % 32.34 % 32.34 % 32.34 % Expected dividends 0.00 % 0.00 % 0.00 % 0.00 % Exercise price 5,390 9,160 9,160 9,160 Per share fair value of the option 566 1,976 2,189 2,356 (In won) Incross Co., Ltd. FSK L&S 3 4 5 6 7 Risk-free interest rate 2.09 % 1.35 % 1.50 % 1.76 % 1.41 % 1.64 % Estimated option’s life 6 years 6 years 6 years 6 years 6 years — Share price (Closing price on the preceding day) 17,993 43,843 27,300 17,000 22,050 10,455 Expected volatility 20.67 % 18.67 % 21.28 % 25.58 % 42.37 % 16.20 % Expected dividends 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Exercise price 10,571 17,485 25,861 16,895 22,073 10,000 Per share fair value of the option 1,965 9,423 7,277 4,887 9,209 1,420 (In won) Life & Security Holdings Co., Ltd. 1-1 1-2 1 st 2 nd 3 rd Risk-free interest rate 1.47 % 1.47 % 1.47 % Estimated option’s life 4 years 4.5 years 5 years Share price 964,084 964,084 964,084 Expected volatility 25.84 % 26.76 % 26.79 % Expected dividends 0.00 % 0.00 % 0.00 % Exercise price 949,940 949,940 949,940 Per share fair value of the option 144,513 145,878 162,219 (In won) Life & Security Holdings Co., Ltd. 1-3 1 st 2 nd 3 rd Risk-free interest rate 1.47 % 1.47 % 1.47 % Estimated option’s life 4 years 4.5 years 5 years Share price 964,084 964,084 964,084 Expected volatility 25.84 % 26.76 % 26.79 % Expected dividends 0.00 % 0.00 % 0.00 % Exercise price 1,025,935 1,025,935 1,025,935 Per share fair value of the option 123,004 125,792 141,861 (In won) Life & Security Holdings Co., Ltd. 1-4 1 st 2 nd 3 rd Risk-free interest rate 1.47 % 1.47 % 1.47 % Estimated option’s life 4 years 4.5 years 5 years Share price 964,084 964,084 964,084 Expected volatility 25.84 % 26.76 % 26.79 % Expected dividends 0.00 % 0.00 % 0.00 % Exercise price 1,108,010 1,108,010 1,108,010 Per share fair value of the option 101,207 105,797 120,924 |
Retained Earnings (Tables)
Retained Earnings (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of retained earnings | (1) Retained earnings as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Appropriated: Legal reserve ₩ 22,320 22,320 Reserve for business expansion 11,531,138 10,531,138 Reserve for technology development 4,265,300 3,321,300 15,818,758 13,874,758 Unappropriated 6,416,527 8,269,783 ₩ 22,235,285 22,144,541 |
Reserves (Tables)
Reserves (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Statement [LineItems] | |
Details of reserves, net of taxes | (1) Details of reserves, net of taxes, as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Valuation loss on FVOCI ₩ (47,086 ) (124 ) Other comprehensive loss of investments in associates and joint ventures (278,142 ) (334,637 ) Valuation loss on derivatives (920 ) (41,601 ) Foreign currency translation differences for foreign operations (3,428 ) 2,920 ₩ (329,576 ) (373,442 ) |
Changes in reserves | (2) Changes in reserves for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) Valuation gain Valuation gain available-for-sale Other compre- Valuation gain Foreign currency Total Balance at December 31, 2017 ₩ — 168,211 (320,060 ) (73,828 ) (9,050 ) (234,727 ) Impact of adopting IFRS 9 99,407 (168,211 ) — — — (68,804 ) Balance at January 1, 2018 ₩ 99,407 — (320,060 ) (73,828 ) (9,050 ) (303,531 ) Changes, net of taxes ₩ (99,531 ) — (14,577 ) 32,227 11,970 (69,911 ) Balance at December 31, 2018 (124 ) — (334,637 ) (41,601 ) 2,920 (373,442 ) Changes, net of taxes (46,962 ) — 56,495 40,681 (6,348 ) 43,866 Balance at December 31, 2019 ₩ (47,086 ) — (278,142 ) (920 ) (3,428 ) (329,576 ) |
Valuation gain (loss) on available-for-sale financial assets [Member] | |
Statement [LineItems] | |
Changes in reserves | (3) Changes in valuation gain (loss) on financial assets at FVOCI for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 2018 Balance at January 1 ₩ (124 ) 99,407 Amount recognized as other comprehensive loss during the year, net of taxes (18,472 ) (117,514 ) Amount reclassified to retained earnings, net of taxes (28,490 ) 17,983 Balance at December 31 ₩ (47,086 ) (124 ) |
Valuation gain (loss) on derivatives [Member] | |
Statement [LineItems] | |
Changes in reserves | (4) Changes in valuation gain (loss) on derivatives for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 2018 Balance at January 1 ₩ (41,601 ) (73,828 ) Amount recognized as other comprehensive income (loss) during the year, net of taxes 34,209 (11,301 ) Amount reclassified to profit or loss, net of taxes 6,472 43,528 Balance at December 31 ₩ (920 ) (41,601 ) |
Redeemable Convertible Prefer_2
Redeemable Convertible Preferred Stocks (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of redeemable convertible preferred stocks | Eleven street Co., Ltd., a subsidiary of the Parent Company, issued redeemable convertible preferred stocks on September 7, 2018 according to the board of directors’ resolution. The details of the issuance are as follows: Information of redeemable convertible preferred stocks Issuer Eleven Street Co., Ltd. Number of shares issued 1,863,093 Issue price ₩268,371 per share Voting rights 1 voting right per 1 share Dividend rate(*) 6% of the issue price per annum (cumulative, non-participating) The obligatory dividend rate of the Parent Company is 1% of the issue price per annum Conversion period From 6 months after the date of issue to 1 business day before the expiration date of the redemption period Conversion ratio [Issue price ÷ Conversion price at the date of conversion] per share Conversion price ₩268,371 per share Refixing clauses • In the case when spin-off, • In the case when this preferred share is split or merged, the conversion prices is subject to refixing to correspond with the split or merge ratio. Redemption period Two months from September 30, 2023 to December 31, 2047 at the choice of the issuer. Redemption party Eleven Street Co., Ltd. Redemption price Amounts realizing the internal rate of return to be 3.5% at the date of actual redemption Liquidation preference Preferential to the common shares (*) The present value of obligatory dividends amounting to ₩18,805 million payable to non-controlling |
Other Operating Income and Ex_2
Other Operating Income and Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Details of other operating income and expenses | Details of other operating income and (In millions of won) 2019 2018 2017 Other Operating Income: Gain on disposal of property and equipment and intangible assets ₩ 8,942 38,933 13,991 Others(*) 94,288 33,017 18,006 ₩ 103,230 71,950 31,997 Other Operating Expenses: Communication ₩ 43,606 35,507 27,973 Utilities 320,474 297,049 299,825 Taxes and dues 44,761 37,290 27,819 Repair 358,758 353,321 333,101 Research and development 391,327 387,675 395,276 Training 35,004 35,574 32,853 Bad debt for accounts receivable — trade 28,841 38,211 34,584 Travel 30,746 27,910 24,095 Supplies and other 259,155 130,008 111,170 Loss on disposal of property and equipment and intangible assets 56,248 87,257 60,086 Impairment loss on other investment securities 1,670 3,157 9,003 Impairment loss on property and equipment and intangible assets 65,935 255,839 54,946 Donations 17,557 59,012 112,634 Bad debt for accounts receivable — other 5,802 7,718 5,793 Others(*) 65,015 26,876 101,589 ₩ 1,724,899 1,782,404 1,630,747 (*) See note 5 (2). |
Finance Income and Costs (Table
Finance Income and Costs (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Details of finance income and costs | (1) Details of finance income and costs for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Finance Income: Interest income ₩ 63,401 69,936 76,045 Gain on sale of accounts receivable — other 15,855 20,023 18,548 Dividends 10,011 35,143 12,416 Gain on foreign currency transactions 11,798 17,990 13,676 Gain on foreign currency translations 4,576 2,776 7,110 Gain on disposal of long-term investment securities — — 4,890 Gain on valuation of derivatives 2,499 6,532 223,943 Gain on settlement of derivatives 29,277 20,399 — Gain relating to financial assets at FVTPL (*) 4,504 83,636 33 Gain relating to financial liabilities at FVTPL 56 — — Reversal of impairment loss on available-for- — — 9,900 ₩ 141,977 256,435 366,561 Finance Costs: Interest expense ₩ 397,890 307,319 299,100 Loss on sale of accounts receivable — other 5,823 — 9,682 Loss on foreign currency transactions 12,660 38,920 19,263 Loss on foreign currency translations 4,948 2,397 8,419 Loss on disposal of long-term investment securities — — 36,024 Loss on settlement of derivatives 641 12,554 10,031 Loss relating to financial liabilities at FVTPL 43 1,535 678 Loss relating to financial assets at FVTPL 7,753 22,507 — Impairment loss on long-term investment securities — — 14,519 Other finance costs — — 35,900 ₩ 429,758 385,232 433,616 (*) Gain relating to financial assets at FVTPL for the year ended December 31, 2018 includes gains on disposal of 200,000 shares of convertible redeemable bonds issued by KRAFTON Co., Ltd. (formerly, Bluehole Inc.) amounting to ₩58,000 million. |
Details of interest income included in finance income | (2) Details of interest income included in finance income for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Interest income on cash equivalents and short-term financial instruments ₩ 29,854 33,808 28,130 Interest income on loans and others 33,547 36,128 47,915 ₩ 63,401 69,936 76,045 |
Details of interest expenses included in finance costs | (3) Details of interest expenses included in finance costs for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Interest expense on borrowings ₩ 104,991 10,796 11,774 Interest expense on debentures 224,765 222,195 228,568 Others 68,134 74,328 58,758 ₩ 397,890 307,319 299,100 |
Finance income and costs by category of financial instruments | (4) Finance income and costs by category of financial instruments for the years ended December 31, 2019, 2018 and 2017 are as follows. Bad debt expense (reversal of loss allowance) for accounts receivable – trade, loans and receivables are presented and explained separately in notes 7 and 35. 1) Finance income and costs (In millions of won) 2019 Finance income Finance costs Financial Assets: Financial assets at FVTPL ₩ 56,953 13,577 Financial assets at FVOCI 9,924 — Financial assets at amortized cost 74,941 17,488 141,818 31,065 Financial Liabilities: Financial liabilities at FVTPL 56 43 Financial liabilities at amortized cost 103 398,009 Derivatives designated as hedging instrument — 641 159 398,693 ₩ 141,977 429,758 (In millions of won) 2018 Finance income Finance costs Financial Assets: Financial assets at FVTPL ₩ 134,841 22,507 Financial assets at FVOCI 35,143 — Financial assets at amortized cost 86,032 20,018 256,016 42,525 Financial Liabilities: Financial liabilities at FVTPL — 1,535 Financial liabilities at amortized cost 419 328,618 Derivatives designated as hedging instrument — 12,554 419 342,707 ₩ 256,435 385,232 (In millions of won) 2017 Finance income Finance costs Financial Assets: Financial assets at fair value through profit or loss ₩ 223,976 — Available-for-sale 30,598 86,445 Loans and receivables 111,677 37,040 366,251 123,485 Financial Liabilities: Financial liabilities at fair value through profit or loss — 678 Financial liabilities at amortized cost 310 299,422 Derivatives designated as hedging instrument — 10,031 310 310,131 ₩ 366,561 433,616 2) Other comprehensive income (loss) (In millions of won) 2019 2018 2017 Financial Assets: Financial assets at FVOCI ₩ (17,943 ) (130,035 ) — Available-for-sale — — 158,440 Derivatives designated as hedging instrument 41,305 17,180 1,554 23,362 (112,855 ) 159,994 Financial Liabilities: Derivatives designated as hedging instrument (624 ) 15,047 21,032 ₩ 22,738 (97,808 ) 181,026 |
Details of impairment losses for financial assets | (5) Details of impairment losses for financial assets for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Available-for-sale ₩ — — 14,519 Accounts receivable — trade 28,841 38,211 34,584 Other receivables 5,802 7,718 5,793 ₩ 34,643 45,929 54,896 (*) This is included in other finance costs. (See note 30 (1)) |
Income Tax Expense (Tables)
Income Tax Expense (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of income tax expenses | (1) Income tax expenses for the years ended December 31, 2019, 2018 and 2017 consist of the following: (In millions of won) 2019 2018 2017 Current tax expense: Current year ₩ 105,859 362,265 424,773 Current tax of prior years(*) (6,963 ) (22,575 ) (105,158 ) 98,896 339,690 319,615 Deferred tax expense: Changes in net deferred tax assets 201,817 504,288 426,039 Income tax expense ₩ 300,713 843,978 745,654 (*) Current tax of prior years are mainly composed of the income tax refund due to a change in the interpretation of the tax authority in relation to the income tax previously recognized by the Group. |
Difference between income taxes computed using the statutory corporate income tax rates and the recorded income taxes | (2) The difference between income taxes computed using the statutory corporate income tax rates and the recorded income taxes for the years ended December 31, 2019, 2018 and 2017 is attributable to the following: (In millions of won) 2019 2018 2017 Income taxes at statutory income tax rate ₩ 309,368 1,083,029 823,124 Non-taxable (92,666 ) (19,450 ) (40,080 ) Non-deductible 14,630 26,724 31,285 Tax credit and tax reduction (32,877 ) (17,580 ) (34,300 ) Changes in unrecognized deferred taxes 83,940 (177,902 ) 31,857 Changes in tax rate 4,040 (3,983 ) 43,977 Income tax refund and other 14,278 (46,860 ) (110,209 ) Income tax expense ₩ 300,713 843,978 745,654 |
Deferred taxes directly charged to (credited from) equity | (3) Deferred taxes directly charged to (credited from) equity for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Valuation gain on financial assets measured at fair value ₩ 2,983 41,461 — Valuation loss on available-for-sale — — (55,883 ) Share of other comprehensive income (loss) of associates 2,279 278 (260 ) Valuation loss on derivatives (16,083 ) (9,223 ) (3,019 ) Remeasurement of defined benefit liabilities 22,733 10,843 1,618 ₩ 11,912 43,359 (57,544 ) |
Details of the changes in deferred tax assets (liabilities) | (4) Details of the changes in deferred tax assets (liabilities) for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 Beginning Changes in Accounting Policies Deferred tax Directly charged Business Ending Deferred tax assets (liabilities) related to temporary differences: Loss allowance ₩ 102,276 — (13,698 ) — 335 88,913 Accrued interest income (2,713 ) — 691 — (17 ) (2,039 ) Financial assets measured at fair value 79,757 — 15,099 2,983 262 98,101 Investments in subsidiaries, associates and joint ventures (1,580,087 ) — (35,222 ) 2,279 (18 ) (1,613,048 ) Property and equipment and intangible assets (420,061 ) — 44,051 — (3 ) (376,013 ) Provisions 2,494 — 49 — — 2,543 Retirement benefit obligation 84,034 — (6,643 ) 22,733 70 100,194 Valuation gain on derivatives 31,415 — 2,175 (16,083 ) — 17,507 Gain or loss on foreign currency translation 21,948 — 57 — — 22,005 Incremental costs to acquire a contract (640,840 ) — (188,215 ) — — (829,055 ) Contract assets and liabilities (26,458 ) — (1,572 ) — — (28,030 ) Right-of-use — (165,762 ) (8,755 ) — — (174,517 ) Lease liabilities — 168,423 10,930 — — 179,353 Others 32,551 6,698 17,077 — 6 56,332 (2,315,684 ) 9,359 (163,976 ) 11,912 635 (2,457,754 ) Deferred tax assets related to unused tax loss carryforwards and tax credit carryforwards: Tax loss carryforwards 122,899 — (31,763 ) — — 91,136 Tax credit 15,458 — (6,078 ) — — 9,380 138,357 — (37,841 ) — — 100,516 ₩ (2,177,327) 9,359 (201,817 ) 11,912 635 (2,357,238 ) (In millions of won) 2018 Beginning Changes in Accounting Policies Deferred tax Directly charged Business Ending Deferred tax assets (liabilities) related to temporary differences: Loss allowance ₩ 67,002 3,501 26,547 — 5,226 102,276 Accrued interest income (2,467 ) — (218 ) — (28 ) (2,713 ) Financial assets measured at fair value 53,781 (282 ) (15,203 ) 41,461 — 79,757 Investments in subsidiaries, associates and joint ventures (937,629 ) — (642,736 ) 278 — (1,580,087 ) Property and equipment and intangible assets (235,343 ) — 71,912 — (256,630 ) (420,061 ) Provisions 2,312 — (6 ) — 188 2,494 Retirement benefit obligation 38,360 — 12,888 10,843 21,943 84,034 Valuation gain on derivatives 25,956 — 14,682 (9,223 ) — 31,415 Gain or loss on foreign currency translation 21,931 — 17 — — 21,948 Reserve for research and manpower development (2,387 ) — 2,387 — — — Incremental costs to acquire a contract — (566,633 ) (74,207 ) — — (640,840 ) Contract assets and liabilities — (37,540 ) 11,082 — — (26,458 ) Others 5,506 — 22,627 — 4,418 32,551 (962,978 ) (600,954 ) (570,228 ) 43,359 (224,883 ) (2,315,684 ) Deferred tax assets related to unused tax loss carryforwards and tax credit carryforwards: Tax loss carryforwards 72,417 — 50,482 — — 122,899 Tax credit — — 15,458 — — 15,458 72,417 — 65,940 — — 138,357 ₩ (890,561) (600,954) (504,288 ) 43,359 (224,883 ) (2,177,327 ) |
Details of temporary differences, unused tax loss carryforwards and unused tax credits carryforwards which are not recognized as deferred tax assets | (5) Details of temporary differences, unused tax loss carryforwards and unused tax credits carryforwards which are not recognized as deferred tax assets (liabilities), in the consolidated statements of financial position as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Loss allowance ₩ 96,006 98,205 Investments in subsidiaries, associates and joint ventures (128,339 ) (233,234 ) Other temporary differences 145,692 189,604 Unused tax loss carryforwards 1,023,907 849,850 Unused tax credit carryforwards 1,192 3,705 |
Unused tax loss carryforwards and unused tax credit carryforwards which are not recognized as deferred tax assets | (6) The amount of unused tax loss carryforwards and unused tax credit carryforwards which are not recognized as deferred tax assets as of December 31, 2019 are expiring within the following periods: (In millions of won) Unused tax loss carryforwards Unused tax credit carryforwards Less than 1 year ₩ 108,703 258 1 ~ 2 years 152,361 316 2 ~ 3 years 80,363 388 More than 3 years 682,480 230 ₩ 1,023,907 1,192 |
Earnings per Share (Tables)
Earnings per Share (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of basic earnings per share | 1) Basic earnings per share for the years ended December 31, 2019, 2018 and 2017 are calculated as follows: (In millions of won, except for share data) 2019 2018 2017 Basic earnings per share attributable to owners of the Parent Company: Profit attributable to owners of the Parent Company ₩ 889,907 3,127,887 2,599,829 Interest on hybrid bonds (14,766 ) (15,803 ) (16,840 ) Profit attributable to owners of the Parent Company on common shares 875,141 3,112,084 2,582,989 Weighted average number of common shares outstanding 72,064,159 70,622,976 70,609,160 Basic earnings per share (in won) ₩ 12,144 44,066 36,582 |
Weighted average number of common shares outstanding | 2) The weighted average number of common shares outstanding for the years ended December 31, 2019, 2018 and 2017 are calculated as follows: (In shares) 2019 Issued shares Treasury shares Number of common Weights Weighted average Issued shares at January 1 80,745,711 (8,875,883 ) 71,869,828 365/365 71,869,828 Disposal of treasury shares — 1,266,620 1,266,620 56/365 194,331 72,064,159 (In shares) 2018 Issued shares Treasury shares Number of common Weights Weighted average Issued shares at January 1 80,745,711 (10,136,551 ) 70,609,160 365/365 70,609,160 Disposal of treasury shares — 1,260,668 1,260,668 4/365 13,816 70,622,976 (In shares) 2017 Number of common Issued shares at January 1 80,745,711 Treasury shares at January 1 (10,136,551 ) 70,609,160 |
Dividends (Tables)
Dividends (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Details of dividend declared | (1) Details of dividends declared Details of dividend declared for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won, except for face value and share data) Year Dividend type Number of Face value Dividend Dividends 2019 Cash dividends (Interim) 71,869,828 500 200 % ₩ 71,870 Cash dividends (Year-end) 73,136,448 500 1,800 % 658,228 ₩ 730,098 2018 Cash dividends (Interim) 70,609,160 500 200 % ₩ 70,609 Cash dividends (Year-end) 71,869,828 500 1,800 % 646,828 ₩ 717,437 2017 Cash dividends (Interim) 70,609,160 500 200 % ₩ 70,609 Cash dividends (Year-end) 70,609,160 500 1,800 % 635,482 ₩ 706,091 |
Dividends yield ratios | (2) Dividends yield ratio Dividends yield ratios for the years ended December 31, 2019, 2018 and 2017 are as follows: (In won) Year Dividend type Dividend per share Closing price at year-end Dividend yield ratio 2019 Cash dividends 10,000 238,000 4.20% 2018 Cash dividends 10,000 269,500 3.71% 2017 Cash dividends 10,000 267,000 3.75% |
Categories of Financial Instr_2
Categories of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Statement [LineItems] | |
Summary of financial assets | (1) Financial assets by category as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Financial FVTPL Equity Debt Financial assets Derivatives Total Cash and cash equivalents ₩ — — — 1,270,824 — 1,270,824 Financial instruments — — — 831,637 — 831,637 Short-term investment securities 166,666 — — — — 166,666 Long-term investment securities(*) 142,316 710,272 4,627 — — 857,215 Accounts receivable — trade — — — 2,247,895 — 2,247,895 Loans and other receivables 532,225 — — 1,131,342 — 1,663,567 Derivative financial assets 6,074 — — — 144,886 150,960 ₩ 847,281 710,272 4,627 5,481,698 144,886 7,188,764 (*) The Group designated ₩710,272 million of equity instruments that are not held for trading as financial assets at FVOCI. (In millions of won) December 31, 2018 Financial FVTPL Equity Debt Financial assets Derivatives Total Cash and cash equivalents ₩ — — — 1,506,699 — 1,506,699 Financial instruments — — — 1,046,897 — 1,046,897 Short-term investment securities 195,080 — — — — 195,080 Long-term investment securities(*) 120,083 542,496 2,147 — — 664,726 Accounts receivable — trade — — — 2,019,933 — 2,019,933 Loans and other receivables 489,617 — — 1,132,321 — 1,621,938 Derivative financial assets 15,586 — — — 39,871 55,457 ₩ 820,366 542,496 2,147 5,705,850 39,871 7,110,730 (*) The Group designated ₩542,496 million of equity instruments that are not held for trading as financial assets at FVOCI. |
Summary of financial liabilities | (2) Financial liabilities by category as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Financial Derivatives Total Accounts payable — trade ₩ 438,297 — 438,297 Derivative financial liabilities — 1,043 1,043 Borrowings 2,043,140 — 2,043,140 Debentures 8,220,833 — 8,220,833 Lease liabilities 712,740 — 712,740 Accounts payable — other and others 6,563,030 — 6,563,030 ₩ 17,978,040 1,043 17,979,083 (In millions of won) December 31, 2018 Financial Financial Derivatives Total Accounts payable — trade ₩ — 381,302 — 381,302 Derivative financial liabilities — — 4,184 4,184 Borrowings — 2,184,996 — 2,184,996 Debentures(*) 61,813 7,405,039 — 7,466,852 Accounts payable — other and others — 6,762,782 — 6,762,782 ₩ 61,813 16,734,119 4,184 16,800,116 (*) Debentures classified as financial liabilities at FVTPL as of December 31, 2018 are structured bonds and they were designated as financial liabilities at FVTPL in order to eliminate a measurement inconsistency with the related derivatives. The debenture has been repaid during the year ended December 31, 2019 before its maturity. |
Financial Risk Management (Tabl
Financial Risk Management (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Statement [LineItems] | |
Maximum credit exposure | The maximum credit exposure as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 December 31, 2018 Cash and cash equivalents ₩ 1,270,572 1,506,432 Financial instruments 831,637 1,046,897 Investment securities 13,548 11,672 Accounts receivable — trade 2,247,895 2,019,933 Loans and other receivables 1,663,567 1,621,938 Derivative financial assets 150,960 55,457 ₩ 6,178,179 6,262,329 |
Summary of gross carrying amounts of each financial asset except for accounts receivable trade and derivative financial asset | The gross carrying amounts of each financial asset except for the accounts receivable – trade and derivative financial assets as of December 31, 2019 are as follows. (In millions of won) Financial assets at Financial At amortized cost 12-month ECL Lifetime ECL — not Lifetime ECL — Gross amount ₩ 541,146 4,627 1,887,321 49,360 123,196 Loss allowance — — (4,241 ) (8,704 ) (83,953 ) Carrying amount ₩ 541,146 4,627 1,883,080 40,656 39,243 |
Summary of changes in loss allowance for debt investments | Changes in the loss allowance for the debt investments during the year ended December 31, 2019 are as follows: (In millions of won) 12-month ECL Lifetime ECL — not Lifetime ECL — credit Total January 1, 2019 ₩ 3,305 10,760 101,823 115,888 Remeasurement of loss allowance, net 1,316 1,334 3,942 6,592 Transfer to lifetime ECL — not credit impaired (380 ) 380 — — Transfer to lifetime ECL — credit impaired — (2,790 ) 2,790 — Amounts written off — (1,515 ) (32,165 ) (33,680 ) Recovery of amounts written off — — 7,563 7,563 Business combinations — 535 — 535 December 31, 2019 ₩ 4,241 8,704 83,953 96,898 |
Contractual maturities of financial liabilities | Contractual maturities of financial liabilities as of December 31, 2019 are as follows: (In millions of won) Carrying Contractual Less than 1 - 5 years More than Accounts payable — trade ₩ 438,297 438,297 438,297 — — Borrowings(*) 2,043,140 2,412,647 159,416 2,253,231 — Debentures(*) 8,220,833 9,493,178 1,184,309 5,237,357 3,071,512 Lease liabilities 712,740 757,871 315,793 335,727 106,351 Accounts payable — other and others(*) 6,563,030 6,704,379 5,005,857 1,124,389 574,133 ₩ 17,978,040 19,806,372 7,103,672 8,950,704 3,751,996 (*) Includes interest payables. |
Periods in which cash flows from cash flow hedge derivatives are expected to occur | As of December 31, 2019, periods in which cash flows from cash flow hedge derivatives are expected to occur are as follows: (In millions of won) Carrying Contractual Less than 1 - 5 years More than Assets ₩ 144,886 147,386 44,872 103,142 (628 ) Liabilities (1,043 ) (1,043 ) — (1,043 ) — ₩ 143,843 146,343 44,872 102,099 (628 ) |
Debt-equity ratio | Debt-equity ratio as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, December 31, Total liabilities ₩ 21,788,084 20,019,861 Total equity 22,823,536 22,349,250 Debt-equity ratios 95.46 % 89.58 % |
Fair value and carrying amount of financial assets and liabilities including fair value hierarchy | 1) Fair value and carrying amount of financial assets and liabilities including fair value hierarchy as of December 31, 2019 are as follows: (In millions of won) December 31, 2019 Carrying Level 1 Level 2 Level 3 Total Financial assets that are measured at fair value: FVTPL ₩ 847,281 — 668,891 178,390 847,281 Derivatives hedging instruments 144,886 — 144,886 — 144,886 FVOCI 714,899 407,651 — 307,248 714,899 ₩ 1,707,066 407,651 813,777 485,638 1,707,066 Financial liabilities that are measured at fair value: Derivatives hedging instruments ₩ 1,043 — 1,043 — 1,043 Financial liabilities that are not measured at fair value: Borrowings ₩ 2,043,140 — 2,191,037 — 2,191,037 Debentures 8,220,833 — 8,714,408 — 8,714,408 Long-term payables — other 1,974,006 — 2,008,493 — 2,008,493 ₩ 12,237,979 — 12,913,938 — 12,913,938 |
Interest rates used by the group for the fair value measurement | Interest rates used by the Group for the fair value measurement as of December 31, 2019 are as follows: Interest rate Derivative instruments 1.68% ~ 1.89% Borrowings and debentures 1.65% ~ 2.41% Long-term payables — other 1.59% ~ 1.90% |
Carrying amount of financial instruments recognized of which offset agreements are applicable | (4) Enforceable master netting agreement or similar agreement Carrying amount of financial instruments recognized of which offset agreements are applicable as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Gross Amount Net financial Relevant financial Net Financial assets: Accounts receivable — trade and others ₩ 102,241 (100,895 ) 1,346 — 1,346 Financial liabilities: Accounts payable — other and others ₩ 100,895 (100,895 ) — — — (In millions of won) December 31, 2018 Gross Amount Net financial Relevant financial Net Financial assets: Derivatives(*) ₩ 1,867 — 1,867 (1,107 ) 760 Accounts receivable — trade and others 95,990 (95,920 ) 70 — 70 ₩ 97,857 (95,920 ) 1,937 (1,107 ) 830 Financial liabilities: Derivatives(*) ₩ 1,107 — 1,107 (1,107 ) — Accounts payable — other and others 95,920 (95,920 ) — — — ₩ 97,027 (95,920 ) 1,107 (1,107 ) — (*) The balance represents the net amount under the standard terms and conditions of International Swap and Derivatives Association. |
Currency risk [member] | |
Statement [LineItems] | |
Monetary assets and liabilities denominated in foreign currencies | Monetary assets and liabilities denominated in foreign currencies as of December 31, 2019 are as follows: (In millions of won, thousands of foreign currencies) Assets Liabilities Foreign currencies Won equivalent Foreign currencies Won USD 124,137 ₩ 143,726 1,588,591 ₩ 1,839,271 EUR 414 537 110 142 JPY 800,440 8,512 261,255 2,778 Others — 5,299 — 1,669 ₩ 158,074 ₩ 1,843,860 |
Impact on income before income tax of a hypothetical change in exchange rates | As of December 31, 2019, a hypothetical change in exchange rates by 10% would have increased (reduced) the Group’s income before income tax as follows: (In millions of won) If increased by 10% If decreased by 10% USD ₩ 6,228 (6,228 ) EUR 40 (40 ) JPY 573 (573 ) Others 363 (363 ) ₩ 7,204 (7,204 ) |
Available- for-sale financial assets [Member] | Level 3 [member] | |
Statement [LineItems] | |
Fair value of assets | 3) There have been no transfers between Level 2 and Level 1 for year ended December 31, 2019. The changes of financial assets classified as Level 3 for the year ended December 31, 2019 are as follows: (In millions of won) Balance at January 1, Loss for the OCI Acquisition Disposal Transfer Balance at December 31, FVTPL ₩ 124,374 (5,417 ) 2,345 58,361 (9,264 ) 7,991 178,390 FVOCI 250,718 — (7,716 ) 92,445 (6,306 ) (21,893 ) 307,248 ₩ 375,092 (5,417 ) (5,371 ) 150,806 (15,570 ) (13,902 ) 485,638 |
Transactions with Related Par_2
Transactions with Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Compensation for the key management | The compensation given to such key management for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Salaries ₩ 5,969 4,488 2,169 Defined benefits plan expenses 1,237 920 258 Share option 325 548 414 ₩ 7,531 5,956 2,841 |
Transactions with related parties | (3) Transactions with related parties for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 Scope Company Operating Operating Acquisition of Ultimate Controlling Entity SK Holdings Co., Ltd.(*2) ₩ 53,507 612,248 95,426 Associates F&U Credit information Co., Ltd. 2,293 55,179 — SK hynix Inc.(*3) 273,047 481 — KEB HanaCard Co., Ltd. 832 1,901 — SK Wyverns Co., Ltd. 1,399 21,528 — Others(*4) 17,286 13,864 457 294,857 92,953 457 Others SK Engineering & Construction Co., Ltd. 13,339 1,601 7,400 SK Innovation Co., Ltd. 26,697 2,777 — SK Networks Co., Ltd.(*5) 29,321 1,088,443 449 SK Networks Services Co., Ltd. 1,056 76,671 4,979 SK Telesys Co., Ltd. 474 9,686 59,392 SK TNS Co., Ltd. 240 35,824 607,546 SK Energy Co., Ltd. 16,294 516 — SK hynix Semiconductor (China) Ltd. 73,542 — — SK Global Chemical InternationalTrading (Shanghai) Co., Ltd. 14,535 131 — Others 90,307 105,569 109,189 265,805 1,321,218 788,955 ₩ 614,169 2,026,419 884,838 (*1) Operating expense and others include lease payments by the Group. (*2) Operating expense and others include ₩216,241 million of dividends paid by the Parent Company. (*3) Operating revenue and others include ₩219,150 million of dividends received from SK hynix Inc. which was deducted from the investments in associates. (*4) Operating revenue and others include ₩11,955 million of dividends declared by Korea IT Fund, UniSK and KIF-Stonebridge (*5) Operating expenses and others include costs for handset purchases amounting to ₩1,043,902 million. (In millions of won) 2018 Scope Company Operating Operating Acquisition of Collection Ultimate Controlling Entity SK Holdings Co., Ltd.(*1) ₩ 20,050 601,176 151,502 — Associates F&U Credit information Co., Ltd. 2,777 54,857 — — HappyNarae Co., Ltd.(*2) 1,002 20,286 88,327 — SK hynix Inc.(*3) 179,708 313 — — KEB HanaCard Co., Ltd. 15,046 15,387 — — Others(*4) 5,924 35,296 1,202 204 204,457 126,139 89,529 204 Others SK Engineering & Construction Co., Ltd. 4,662 1,122 8,700 — SK Innovation Co., Ltd.(*5) 44,010 996 — — SK Networks Co., Ltd.(*6) 23,078 1,189,404 460 — SK Networks Services Co., Ltd. 774 90,723 5,478 — SK Telesys Co., Ltd. 362 10,945 127,840 — SK TNS Co., Ltd. 140 31,220 493,793 — SK Energy Co., Ltd.(*5) 15,134 897 — — SK Gas Co., Ltd. 7,653 2 — — SKC Infra Service Co., Ltd. 57 50,829 24,761 — Others(*5) 55,224 19,323 — — 151,094 1,395,461 661,032 — ₩ 375,601 2,122,776 902,063 204 (*1) Operating expense and others include ₩203,635 million of dividends paid by the Parent Company. (*2) Transactions with HappyNarae Co., Ltd. occurred before disposal. (*3) Operating revenue and others include ₩146,100 million of dividends received from SK hynix Inc. which was deducted from the investments in associates. (*4) Operating revenue and others include ₩4,587 million of dividends received from Korea IT Fund, KIF-Stonebridge (*5) Operating revenue and others include ₩68,500 million received from disposal of the real estate investment fund to SK Innovation Co., Ltd., SK Energy Co., Ltd., SK Lubricants Co., Ltd., SK Trading International Co., Ltd. and SK Global Chemical Co., Ltd. (*6) Operating expenses and others include costs for handset purchases amounting to ₩1,100,370 million. (In millions of won) 2017 Scope Company Operating Operating Acquisition of Collection Ultimate Controlling Entity SK Holdings Co., Ltd.(*1) ₩ 25,049 600,600 283,556 — Associates F&U Credit information Co., Ltd. 3,431 52,150 153 — HappyNarae Co., Ltd. 3,025 29,276 68,472 — SK hynix Inc.(*2) 123,873 251 — — KEB HanaCard Co., Ltd. 17,873 15,045 — — Others(*3) 10,720 33,389 940 204 158,922 130,111 69,565 204 Others SK Engineering & Construction Co., Ltd. 5,865 1,077 — — SK Networks Co., Ltd. 21,694 1,220,251 671 — SK Networks Services Co., Ltd. 510 96,949 6,346 — SK Telesys Co., Ltd. 417 51,394 152,659 — SK TNS Co., Ltd. 137 37,051 494,621 — SK Energy Co., Ltd. 8,505 779 — — SK Gas Co., Ltd. 2,727 4 — — SK Innovation Co., Ltd. 7,639 950 — — SK Shipping Co., Ltd. 3,183 35 — — Ko-one 5,164 44 — — SK Infosec Co., Ltd. 1,185 52,634 15,648 — SKC Infra Service Co., Ltd. 19 46,900 47,163 — Others 18,233 28,209 17 — 75,278 1,536,277 717,125 — ₩ 259,249 2,266,988 1,070,246 204 (*1) Operating expense and others include ₩203,635 million of dividends paid by the Parent Company. (*2) Operating revenue and others include ₩87,660 million of dividends declared by SK hynix Inc. which was deducted from the investments in associates. (*3) Operating revenue and others include ₩6,597 million of dividends received from the Korea IT Fund and others. |
Account balances with related parties | (4) Account balances with related parties as of December 31, 2019 and 2018 are as follows: (In millions of won) December 31, 2019 Receivables Payables Scope Company Loans Accounts Accounts Ultimate Controlling Entity SK Holdings Co., Ltd. ₩ — 7,941 87,519 Associates F&U Credit information Co., Ltd. — 2 4,869 SK hynix Inc. — 21,510 48 Wave City Development Co., Ltd. — 31,523 — Daehan Kanggun BcN Co., Ltd.(*) 22,147 5,359 — KEB HanaCard Co., Ltd. — 1,025 9,474 Others 204 2,490 2,262 22,351 61,909 16,653 Others SK Engineering & Construction Co., Ltd. — 4,422 97 SK Innovation Co., Ltd. — 7,496 22,673 SK Networks. Co., Ltd. — 3,469 85,421 SK Networks Services Co., Ltd. — — 10,820 SK Telesys Co., Ltd. — 30 16,319 SK TNS Co., Ltd. — 14 200,703 SK Energy Co., Ltd. — 2,757 1,886 SK hystec Co., Ltd. — 848 687 SK hynix Semiconductor (China) Ltd. — 8,556 — Others — 22,529 40,073 — 50,121 378,679 ₩ 22,351 119,971 482,851 (*) As of December 31, 2019, the Parent Company recognized full allowance for the balance of loans to Daehan Kanggun BcN Co., Ltd. (In millions of won) December 31, 2018 Receivables Payables Scope Company Loans Accounts Accounts Ultimate Controlling Entity SK Holdings Co., Ltd. ₩ — 5,987 139,260 Associates F&U Credit information Co., Ltd. — 98 5,801 SK hynix Inc. — 14,766 89 Wave City Development Co., Ltd. — 37,263 — Daehan Kanggun BcN Co., Ltd.(*) 22,147 — — KEB HanaCard Co., Ltd. — 541 11,311 Others 407 130 1,764 22,554 52,798 18,965 Others SK Engineering & Construction Co., Ltd. — 1,561 760 SK Networks. Co., Ltd. — 2,647 167,433 SK Networks Services Co., Ltd. — 54 8,946 SK Telesys Co., Ltd. — 154 39,188 SK TNS Co., Ltd. — — 89,017 SK Innovation Co., Ltd. — 4,696 1,019 SK Energy Co., Ltd. — 5,511 887 SK Gas Co., Ltd. — 2,225 60 SK hystec Co., Ltd. — 2,661 75 Others — 8,958 8,066 — 28,467 315,451 ₩ 22,554 87,252 473,676 (*) As of December 31, 2018, the Parent Company recognized the entire balance of loans to Daehan Kanggun BcN Co., Ltd. as loss allowances. (5) SK Infosec Co., Ltd., a subsidiary of the Parent Company, provided a blank note to SK Holdings Co., Ltd. with regards to performance guarantee. (6) SK Telink Co., Ltd., a subsidiary of the Parent Company is holding a blank note provided by SK Holdings Co., Ltd. with regards to a performance guarantee. (7) The details of additional investments and disposal of associates and joint ventures for the year ended December 31, 2019 as presented in note 13. |
Statements of Cash Flows (Table
Statements of Cash Flows (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Adjustments for income and expenses from operating activities | (1) Adjustments for income and expenses from operating activities for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Interest income ₩ (63,401 ) (69,936 ) (76,045 ) Dividends (10,011 ) (35,143 ) (12,416 ) Gain on foreign currency translations (4,576 ) (2,776 ) (7,110 ) Gain on disposal of long-term investment securities — — (4,890 ) Gain on valuation of derivatives (2,499 ) (6,532 ) (223,943 ) Gain on settlement of derivatives (29,277 ) (20,399 ) — Gain relating to investments in subsidiaries, associates and joint ventures, net (449,543 ) (3,270,912 ) (2,245,732 ) Gain on sale of accounts receivable — other (15,855 ) (20,023 ) (18,548 ) Gain on disposal of property and equipment and intangible assets (8,942 ) (38,933 ) (13,991 ) Gain on business transfer (69,522 ) — — Gain relating to financial assets at FVTPL (4,504 ) (83,636 ) (33 ) Gain relating to financial liabilities at FVTPL (56 ) — — Reversal of impairment loss on available-for-sale — — (9,900 ) Other income (1,890 ) (952 ) (1,129 ) Interest expense 397,890 307,319 299,100 Loss on foreign currency translations 4,948 2,397 8,419 Loss on disposal of long-term investment securities — — 36,024 Other finance costs — — 14,519 Loss on sale of accounts receivable — other 5,823 — 9,682 Loss on settlement of derivatives 641 12,554 10,031 Income tax expense 300,713 843,978 745,654 Expense related to defined benefit plan 175,165 147,722 127,696 Share option 2,073 789 414 Depreciation and amortization 3,935,841 3,284,339 3,247,519 Bad debt expense 28,841 38,211 34,584 Loss on disposal of property and equipment and intangible assets 56,248 87,257 60,086 Impairment loss on property and equipment and intangible assets 65,935 255,839 54,946 Loss relating to financial liabilities at FVTPL 43 1,535 678 Loss relating to financial assets at FVTPL 7,753 22,507 — Bad debt for accounts receivable — other 5,802 7,718 5,793 Loss on impairment of investment assets 1,670 3,157 9,003 Other expenses 21,727 102,839 46,353 ₩ 4,351,037 1,568,919 2,096,764 |
Changes in assets and liabilities from operating activities | (2) Changes in assets and liabilities from operating activities for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Accounts receivable — trade ₩ (211,712 ) 175,841 46,144 Accounts receivable — other 48,399 319,913 (159,960 ) Accrued income 151 — 14 Advanced payments (12,204 ) 13,393 (1,269 ) Prepaid expenses (660,891 ) (3,597 ) (28,362 ) Inventories 115,893 (13,429 ) (17,958 ) Long-term accounts receivable — other (56,216 ) 11,064 (137,979 ) Guarantee deposits 6,392 (258 ) 14,696 Contract assets (68,805 ) 9,161 — Accounts payable — trade (23,607 ) (58,487 ) (26,151 ) Accounts payable — other 167,595 (271,128 ) 134,542 Advanced receipts — — (13,470 ) Contract liabilities 33,574 11,328 — Withholdings (31,545 ) 129,492 (13,041 ) Deposits received (3,112 ) (333 ) (4,916 ) Accrued expenses 117,367 (102,246 ) 116,065 Unearned revenue — — (339 ) Provisions (37,134 ) (4,298 ) (20,488 ) Long-term provisions (1,699 ) 1,193 (2,449 ) Plan assets (130,790 ) (123,075 ) (95,828 ) Retirement benefit payment (84,098 ) (63,957 ) (60,883 ) Others (3,893 ) (4,628 ) 10,164 ₩ (836,335 ) 25,949 (261,468 ) |
Significant non-cash transactions | (3) Significant non-cash (In millions of won) 2019 2018 2017 Increase in accounts payable — other relating to acquisition of property and equipment and intangible assets ₩ 438,622 1,162,301 44,214 Increase of right-of-use 618,811 — — Investment in subsidiary from comprehensive stock exchange — 129,595 — Contribution in kind for investments 78,900 — — |
Reconciliation of Lliabilities Arising from Financing Activities | (4) Reconciliation of liabilities arising from financing activities for the years ended December 31, 2019 and 2018 are as follows: (In millions of won) 2019 December 31, Impact January 1, Cash Non-cash Exchange Fair Business combinations Other December 31, Total liabilities from financing activities: Short-term borrowings ₩ 80,000 — 80,000 (59,860 ) (2 ) — 465 — 20,603 Long-term borrowings 2,104,996 — 2,104,996 (89,882 ) 1,129 — — 6,294 2,022,537 Debentures 7,466,852 — 7,466,852 693,444 59,157 223 — 1,157 8,220,833 Lease liabilities — 663,827 663,827 (393,398 ) — — 955 441,356 712,740 Long-term payables — other 2,393,027 — 2,393,027 (428,153 ) (84 ) — — 6,819 1,971,609 Derivative financial liabilities 4,184 — 4,184 626 83 (3,850 ) — — 1,043 Derivative financial assets (55,457 ) — (55,457 ) 11,800 — (98,958 ) — (2,271 ) (144,886 ) ₩ 11,993,602 663,827 12,657,429 (265,423 ) 60,283 (102,585 ) 1,420 453,355 12,804,479 Other cash flows from financing activities: Payments of cash dividends ₩ (718,698 ) Payments of interest on hybrid bonds (14,766 ) Disposal of treasury shares 300,000 Cash inflow from transactions with the non-controlling 101,398 Cash outflow from transactions with the non-controlling (39,345 ) (371,411 ) ₩ (636,834 ) (In millions of won) 2018 January 1, Cash Non-cash Exchange Fair value Business combinations Other December 31, Total liabilities from financing activities: Short-term borrowings ₩ 130,000 (87,701 ) — — 36,201 1,500 80,000 Long-term borrowings 252,817 139,406 2,281 — 1,708,638 1,854 2,104,996 Debentures 7,086,187 321,671 55,523 1,911 — 1,560 7,466,852 Long-term payables – other 1,641,081 (305,644 ) — — — 1,057,590 2,393,027 Derivative financial liabilities 39,470 (4,031 ) 13,595 (7,163 ) — (37,687 ) 4,184 Derivative financial assets (253,213 ) (2,000 ) 2,000 (19,849 ) — 217,605 (55,457 ) ₩ 8,896,342 61,701 73,399 (25,101 ) 1,744,839 1,242,422 11,993,602 Other cash flows from financing activities: Payments of cash dividends ₩ (706,091 ) Issuance of hybrid bonds 398,759 Repayment of hybrid bonds (400,000 ) Payments of interest on hybrid bonds (15,803 ) Capital increase by subsidiaries and others 499,926 Transactions with the non-controlling (76,805 ) (300,014 ) ₩ (238,313 ) |
Cash Dividends paid to the Pa_2
Cash Dividends paid to the Parent Company (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Cash Dividends Received from Consolidated Subsidiaries and Associates | Cash dividends paid to the Parent Company for the years ended December 31, 2019, 2018 and 2017 are as follows: (In millions of won) 2019 2018 2017 Cash dividends received from consolidated subsidiaries ₩ 287,549 61,985 — Cash dividends received from associates 2 2 149,815 89,063 ₩ 515,049 211,800 89,063 |
Reporting Entity - Total Issued
Reporting Entity - Total Issued Shares Held by Shareholders (Detail) | Dec. 31, 2019shares |
Disclosure of classes of share capital [line items] | |
Number of shares | 80,745,711 |
Percentage of total shares issued (%) | 100.00% |
SK Holdings Co., Ltd. [member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 21,624,120 |
Percentage of total shares issued (%) | 26.78% |
National pension service [member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 8,982,136 |
Percentage of total shares issued (%) | 11.12% |
Institutional investors and other minority shareholders [member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 41,263,572 |
Percentage of total shares issued (%) | 51.11% |
Kakao Co Ltd [member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 1,266,620 |
Percentage of total shares issued (%) | 1.57% |
Treasury shares [member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 7,609,263 |
Percentage of total shares issued (%) | 9.42% |
Reporting Entity - List of Subs
Reporting Entity - List of Subsidiaries (Detail) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
SK Telink Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Telink Co., Ltd. | |
Location | Korea | |
Primary business | Telecommunication and Mobile Virtual Network Operator service | |
Ownership | 100.00% | 100.00% |
SK Communications Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Communications Co., Ltd. | |
Location | Korea | |
Primary business | Internet website services | |
Ownership | 100.00% | 100.00% |
SK Broadband Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Broadband Co., Ltd. | |
Location | Korea | |
Primary business | Telecommunication services | |
Ownership | 100.00% | 100.00% |
PS&Marketing Corporation [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | PS&Marketing Corporation | |
Location | Korea | |
Primary business | Communications device retail business | |
Ownership | 100.00% | 100.00% |
SERVICE ACE Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SERVICE ACE Co., Ltd. | |
Location | Korea | |
Primary business | Call center management service | |
Ownership | 100.00% | 100.00% |
SERVICE TOP Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SERVICE TOP Co., Ltd. | |
Location | Korea | |
Primary business | Call center management service | |
Ownership | 100.00% | 100.00% |
SK O&S Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK O&S Co., Ltd. (Formerly, Network O&S Co., Ltd.) | |
Location | Korea | |
Primary business | Base station maintenance service | |
Ownership | 100.00% | 100.00% |
SK Telecom China Holdings Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Telecom China Holdings Co., Ltd. | |
Location | China | |
Primary business | Investment (holdings company) | |
Ownership | 100.00% | 100.00% |
SK Global Healthcare Business Group, Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Global Healthcare Business Group, Ltd. | |
Location | Hong Kong | |
Primary business | Investment | |
Ownership | 100.00% | 100.00% |
YTK Investment Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | YTK Investment Ltd. | |
Location | Cayman Islands | |
Primary business | Investment association | |
Ownership | 100.00% | 100.00% |
Atlas investment [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Atlas Investment | |
Location | Cayman Islands | |
Primary business | Investment association | |
Ownership | 100.00% | 100.00% |
SKT Americas, Inc. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SKT Americas, Inc. | |
Location | USA | |
Primary business | Information gathering and consulting | |
Ownership | 100.00% | 100.00% |
One Store Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | One Store Co., Ltd. | |
Location | Korea | |
Primary business | Telecommunication services | |
Ownership | 52.70% | 65.50% |
SK Planet Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Planet Co., Ltd. | |
Location | Korea | |
Primary business | Telecommunication services, system software development and supply services | |
Ownership | 98.70% | 98.70% |
Eleven Street Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Eleven Street Co., Ltd. | |
Location | Korea | |
Primary business | E-commerce | |
Ownership | 80.30% | 81.80% |
DREAMUS COMPANY [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | DREAMUS COMPANY (Formerly, IRIVER LIMITED) | |
Location | Korea | |
Primary business | Manufacturing digital audio players and other portable media devices | |
Ownership | 51.40% | 52.60% |
SK Infosec Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Infosec Co., Ltd. | |
Location | Korea | |
Primary business | Information security service | |
Ownership | 100.00% | 100.00% |
Life and Security Holdings Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Life & Security Holdings Co., Ltd. | |
Location | Korea | |
Primary business | Investment(holdings company) | |
Ownership | 55.00% | 55.00% |
Quantum Innovation Fund I [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Quantum Innovation Fund I | |
Location | Korea | |
Primary business | Investment | |
Ownership | 59.90% | 59.90% |
SK Telecom Japan Inc. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Telecom Japan Inc. | |
Location | Japan | |
Primary business | Information gathering and consulting | |
Ownership | 100.00% | 100.00% |
Id Quantique SA [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | id Quantique SA | |
Location | Switzerland | |
Primary business | Quantum information and communications service | |
Ownership | 66.80% | 65.60% |
SK Telecom TMT Investment Corp. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Telecom TMT Investment Corp. | |
Location | USA | |
Primary business | Investment | |
Ownership | 100.00% | |
FSK L&S CO., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | FSK L&S Co., Ltd. | |
Location | Korea | |
Primary business | Freight and logistics consulting business | |
Ownership | 60.00% | |
Incross Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Incross Co., Ltd. | |
Location | Korea | |
Primary business | Media representative business | |
Ownership | 34.60% | |
Happy Hanool Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Happy Hanool Co., Ltd. | |
Location | Korea | |
Primary business | Service | |
Ownership | 100.00% | |
SK m&service Co., Ltd [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK m&service Co., Ltd. | |
Location | Korea | |
Primary business | Data base and internet website service | |
Ownership | 100.00% | 100.00% |
SK Planet Global Holdings Pte. Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SKP GLOBAL HOLDINGS PTE. LTD. | |
Location | Singapore | |
Primary business | Investment (holdings company) | |
Ownership | 100.00% | 100.00% |
SKP America LLC. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SKP America LLC. | |
Location | USA | |
Primary business | Digital contents sourcing service | |
Ownership | 100.00% | 100.00% |
shopkick Management Company, Inc. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | shopkick Management Company, Inc. | |
Location | USA | |
Primary business | Investment | |
Ownership | 100.00% | |
shopkick, Inc. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | shopkick, Inc. | |
Location | USA | |
Primary business | Reward points-based in-store shopping application development | |
Ownership | 100.00% | |
K-net culture and contents venture fund [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | K-net Culture and Contents Venture Fund | |
Location | Korea | |
Primary business | Capital investing in startups | |
Ownership | 59.00% | 59.00% |
iriver Enterprise Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | iriver Enterprise Ltd. | |
Location | Hong Kong | |
Primary business | Management of Chinese subsidiaries | |
Ownership | 100.00% | 100.00% |
iriver Inc. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | iriver Inc. | |
Location | USA | |
Primary business | Marketing and sales in North America | |
Ownership | 100.00% | |
iriver China Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | iriver China Co., Ltd. | |
Location | China | |
Primary business | Sales of and manufacturing MP3 and 4 | |
Ownership | 100.00% | 100.00% |
Dongguan iriver Electronics Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Dongguan iriver Electronics Co., Ltd. | |
Location | China | |
Primary business | Sales of and manufacturing e-book | |
Ownership | 100.00% | 100.00% |
groovers Japan Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | groovers Japan Co., Ltd. | |
Location | Japan | |
Primary business | Digital music contents sourcing and distribution service | |
Ownership | 100.00% | |
LIFE DESIGN COMPANY Inc. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | LIFE DESIGN COMPANY Inc. | |
Location | Japan | |
Primary business | Sales of goods in Japan | |
Ownership | 100.00% | 100.00% |
Groovers Inc. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | groovers Inc. | |
Location | Korea | |
Primary business | Sales of contents and Mastering Quality Sound album | |
Ownership | 100.00% | |
Kinfosec Information Technology (Wuxi) Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SKinfosec Information Technology (Wuxi) Co., Ltd. | |
Location | China | |
Primary business | System software development and supply services | |
Ownership | 100.00% | |
ADT CAPS Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | ADT CAPS Co., Ltd. | |
Location | Korea | |
Primary business | Unmanned security | |
Ownership | 100.00% | 100.00% |
CAPSTEC Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | CAPSTEC Co., Ltd. | |
Location | Korea | |
Primary business | Manned security | |
Ownership | 100.00% | 100.00% |
ADT SECURITY Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | ADT SECURITY Co., Ltd. | |
Location | Korea | |
Primary business | Sales and trade of anti-theft devices and surveillance devices | |
Ownership | 100.00% | 100.00% |
SK TELINK VIETNAM Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK TELINK VIETNAM Co., Ltd. | |
Location | Vietnam | |
Primary business | Communications device retail business | |
Ownership | 100.00% | 100.00% |
Home and Service Co., Ltd [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Home & Service Co., Ltd. | |
Location | Korea | |
Primary business | Operation of information and communications facility | |
Ownership | 100.00% | 100.00% |
SK stoa Co., Ltd [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK stoa Co., Ltd. | |
Location | Korea | |
Primary business | Other telecommunication retail business | |
Ownership | 100.00% | 100.00% |
SK Planet Japan, K. K. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Planet Japan K. K. | |
Location | Japan | |
Primary business | Digital Contents sourcing service | |
Ownership | 79.80% | 79.80% |
Id Quantique LLC [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Id Quantique LLC | |
Location | Korea | |
Primary business | Quantum information and communication service | |
Ownership | 100.00% | 100.00% |
FSK L&S (Shanghai) Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | FSK L&S (Shanghai) Co., Ltd. | |
Location | China | |
Primary business | Logistics business | |
Ownership | 66.00% | |
FSK L&S (Hungary) Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | FSK L&S (Hungary) Co., Ltd. | |
Location | Hungary | |
Primary business | Logistics business | |
Ownership | 100.00% | |
Infra Communications Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Infra Communications Co., Ltd. | |
Location | Korea | |
Primary business | Service operation | |
Ownership | 100.00% | |
Mindknock Co., Ltd. [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | Mindknock Co., Ltd. | |
Location | Korea | |
Primary business | Software development | |
Ownership | 100.00% | |
SK Telecom Innovation Fund, L.P. (formerly, Technology Innovation Partners, L.P.) [member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Telecom Innovation Fund, L.P. | |
Location | USA | |
Primary business | Investment | |
Ownership | 100.00% | 100.00% |
SK Telecom China Fund I L.P. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary | SK Telecom China Fund I L.P. | |
Location | Cayman Islands | |
Primary business | Investment | |
Ownership | 100.00% | 100.00% |
Reporting Entity - List of Su_2
Reporting Entity - List of Subsidiaries (Parenthetical) (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2019KRW (₩) | |
Disclosure of subsidiaries [line items] | |
Percentage of shares held | 100.00% |
Dividends payable recognized as Financial liabilities | ₩ 18,805 |
SK Planet Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Percentage of shares owned | 1.50% |
Eleven Street Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Percentage of shares held | 80.30% |
Percentage of shares owned | 18.20% |
Bottom of range [member] | |
Disclosure of subsidiaries [line items] | |
Annual dividend rate | 1.00% |
Reporting Entity - Condensed Fi
Reporting Entity - Condensed Financial Information of the Significant Subsidiaries (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of subsidiaries [line items] | ||||
Total Assets | ₩ 44,611,620 | ₩ 42,369,111 | ||
Total Liabilities | 21,788,084 | 20,019,861 | ||
Total equity | 22,823,536 | 22,349,250 | ₩ 16,116,430 | |
Revenue | 17,846,932 | 16,945,910 | ₩ 17,552,010 | |
Profit (loss) | 861,942 | 3,131,988 | 2,657,595 | |
SK Telink Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 265,725 | 493,972 | 455,685 | |
Total Liabilities | 77,378 | 107,565 | 104,727 | |
Total equity | 188,347 | 386,407 | 350,958 | |
Revenue | 363,627 | 373,019 | 389,944 | |
Profit (loss) | 3,010 | 39,962 | 32,728 | |
Eleven Street Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 923,424 | 1,045,946 | ||
Total Liabilities | 446,432 | 495,907 | ||
Total equity | 476,992 | 550,039 | ||
Revenue | 530,489 | 228,000 | ||
Profit (loss) | (5,077) | (9,507) | ||
SK m&service Co., Ltd [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 109,699 | 97,924 | 113,515 | |
Total Liabilities | 58,605 | 48,182 | 62,795 | |
Total equity | 51,094 | 49,742 | 50,720 | |
Revenue | 218,848 | 208,936 | 193,256 | |
Profit (loss) | 2,448 | (119) | 1,249 | |
SK Communications Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 67,327 | 79,646 | 90,923 | |
Total Liabilities | 30,361 | 28,458 | 28,410 | |
Total equity | 36,966 | 51,188 | 62,513 | |
Revenue | 39,944 | 41,604 | 47,546 | |
Profit (loss) | (13,301) | (10,323) | (35,454) | |
SK Broadband Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 4,447,549 | 4,266,458 | 3,802,349 | |
Total Liabilities | 2,811,417 | 2,682,236 | 2,616,317 | |
Total equity | 1,636,132 | 1,584,222 | 1,186,032 | |
Revenue | 3,178,805 | 3,158,877 | 3,050,083 | |
Profit (loss) | 48,583 | 154,999 | 32,030 | |
K-net culture and contents venture fund [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 151,493 | 147,691 | 250,747 | |
Total Liabilities | 21,163 | 20,873 | 35,900 | |
Total equity | 130,330 | 126,818 | 214,847 | |
Profit (loss) | (294) | 58,584 | 196,250 | |
PS&Marketing Corporation [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 439,947 | 432,699 | 506,883 | |
Total Liabilities | 225,942 | 216,624 | 288,881 | |
Total equity | 214,005 | 216,075 | 218,002 | |
Revenue | 1,684,576 | 1,587,203 | 1,766,142 | |
Profit (loss) | 96 | 76 | 391 | |
SERVICE ACE Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 80,844 | 76,770 | 77,681 | |
Total Liabilities | 55,133 | 45,229 | 45,501 | |
Total equity | 25,711 | 31,541 | 32,180 | |
Revenue | 206,080 | 198,164 | 197,408 | |
Profit (loss) | 3,906 | 4,217 | 2,599 | |
SERVICE TOP Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 66,932 | 74,452 | 65,406 | |
Total Liabilities | 50,060 | 49,400 | 41,860 | |
Total equity | 16,872 | 25,052 | 23,546 | |
Revenue | 193,377 | 205,574 | 186,117 | |
Profit (loss) | 2,230 | 5,276 | 3,309 | |
SK O&S Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 96,446 | 81,773 | 87,000 | |
Total Liabilities | 62,086 | 42,257 | 45,248 | |
Total equity | 34,360 | 39,516 | 41,752 | |
Revenue | 281,634 | 265,183 | 255,841 | |
Profit (loss) | 1,724 | 1,089 | 6,283 | |
SK Planet Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 595,838 | 753,630 | 1,534,866 | |
Total Liabilities | 278,438 | 436,501 | 920,677 | |
Total equity | 317,400 | 317,129 | 614,189 | |
Revenue | 275,544 | 672,648 | 1,082,685 | |
Profit (loss) | 1,214 | (436,106) | (513,667) | |
DREAMUS COMPANY [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 171,586 | 204,479 | 130,878 | |
Total Liabilities | 53,669 | 44,620 | 17,204 | |
Total equity | 117,917 | 159,859 | 113,674 | |
Revenue | 196,961 | 137,849 | 69,452 | |
Profit (loss) | (48,006) | (21,314) | (14,092) | |
SKP America LLC. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 48,344 | 383,697 | 412,251 | |
Total Liabilities | 126 | |||
Total equity | 48,218 | 383,697 | 412,251 | |
Profit (loss) | (351,470) | (370) | (57) | |
Life and Security Holdings Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 2,639,781 | 2,611,838 | ||
Total Liabilities | 2,330,920 | 2,261,456 | ||
Total equity | 308,861 | 350,382 | ||
Revenue | 913,301 | 197,487 | ||
Profit (loss) | 12,703 | 6,038 | ||
SK Infosec Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 158,424 | 183,896 | ||
Total Liabilities | 61,644 | 54,301 | ||
Total equity | 96,780 | 129,595 | ||
Revenue | 270,423 | |||
Profit (loss) | 18,520 | |||
One Store Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 236,329 | 116,716 | 104,891 | |
Total Liabilities | 93,625 | 65,890 | 39,874 | |
Total equity | 142,704 | 50,826 | 65,017 | |
Revenue | 135,116 | 110,284 | 115,596 | |
Profit (loss) | (5,415) | (13,903) | (27,254) | |
Home and Service Co., Ltd [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 113,176 | 87,159 | 83,698 | |
Total Liabilities | 76,192 | 45,341 | 38,350 | |
Total equity | 36,984 | 41,818 | 45,348 | |
Revenue | 351,154 | 325,177 | 141,739 | |
Profit (loss) | (267) | (1,264) | 11 | |
SK stoa Co., Ltd [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 70,754 | 41,305 | ||
Total Liabilities | 59,207 | 37,560 | ||
Total equity | 11,547 | 3,745 | ||
Revenue | 196,063 | 116,459 | ||
Profit (loss) | 875 | ₩ (16,987) | ||
SK techx Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 237,700 | |||
Total Liabilities | 41,561 | |||
Total equity | 196,139 | |||
Revenue | 195,948 | |||
Profit (loss) | ₩ 26,827 | |||
FSK L&S CO., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 47,550 | |||
Total Liabilities | 19,651 | |||
Total equity | 27,899 | |||
Revenue | 130,872 | |||
Profit (loss) | 306 | |||
Incross Co., Ltd. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Total Assets | 144,263 | |||
Total Liabilities | 78,519 | |||
Total equity | 65,744 | |||
Revenue | 19,787 | |||
Profit (loss) | ₩ 5,756 |
Reporting Entity - Information
Reporting Entity - Information of Significant Non-controlling Interests of the Group (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of subsidiaries [line items] | |||
Current assets | ₩ 8,102,294 | ₩ 7,958,839 | |
Non-current assets | 36,509,326 | 34,410,272 | |
Current liabilities | (7,787,722) | (6,847,557) | |
Non-current liabilities | (14,000,362) | (13,172,304) | |
Carrying amount of non-controlling interests | (133,293) | (121,572) | |
Revenue | 17,846,932 | 16,945,910 | ₩ 17,552,010 |
Profit (Loss) for the year | 861,942 | 3,131,988 | 2,657,595 |
Total comprehensive income (loss) | 862,951 | 2,990,404 | 2,656,582 |
Profit (Loss) attributable to non-controlling interests | (27,965) | 4,101 | 57,766 |
Net cash provided by (used in) operating activities | 3,986,082 | 4,332,580 | 3,855,820 |
Net cash provided by (used in) investing activities | (3,582,523) | (4,047,725) | (3,070,607) |
Net cash provided by (used in) financing activities | (636,834) | (238,313) | (826,618) |
Effects on exchange rate changes on cash and cash equivalents | (2,600) | ₩ 2,422 | ₩ (6,102) |
K-net culture and contents venture fund [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership of non-controlling interests (%) | 41.00% | 41.00% | |
Current assets | ₩ 118 | ₩ 625 | |
Non-current assets | 147,573 | 250,122 | |
Current liabilities | (20,873) | (35,900) | |
Net assets | 126,818 | 214,847 | |
Net assets on the consolidated financial statements | 126,818 | ||
Carrying amount of non-controlling interests | 51,995 | 88,087 | |
Profit (Loss) for the year | ₩ (294) | 58,584 | 196,250 |
Profit (Loss) for the year on the consolidated financial statements | 58,584 | ||
Total comprehensive income (loss) | 27,773 | 201,693 | |
Profit (Loss) attributable to non-controlling interests | 24,019 | 80,463 | |
Net cash provided by (used in) operating activities | 115,566 | (7) | |
Net cash provided by (used in) investing activities | 600 | (600) | |
Net cash provided by (used in) financing activities | (116,150) | ||
Net increase(decrease) in cash and cash equivalents | 16 | ₩ (607) | |
Dividend paid to non-controlling interests during the year ended December 31, 2018 | ₩ 36,178 | ||
DREAMUS COMPANY [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership of non-controlling interests (%) | 48.60% | 47.40% | 54.10% |
Current assets | ₩ 136,269 | ₩ 150,199 | ₩ 74,873 |
Non-current assets | 35,317 | 54,465 | 56,005 |
Current liabilities | (49,776) | (42,142) | (9,563) |
Non-current liabilities | (3,893) | (2,663) | (7,641) |
Net assets | 117,917 | 159,859 | 113,674 |
Net assets on the consolidated financial statements | 117,917 | 159,859 | |
Carrying amount of non-controlling interests | 57,175 | 76,204 | 63,382 |
Revenue | 196,961 | 137,849 | 69,452 |
Profit (Loss) for the year | (48,006) | (21,314) | (14,092) |
Profit (Loss) for the year on the consolidated financial statements | (48,006) | (21,314) | |
Total comprehensive income (loss) | (47,971) | (21,125) | (14,278) |
Profit (Loss) attributable to non-controlling interests | (23,281) | (10,094) | (7,438) |
Net cash provided by (used in) operating activities | (1,387) | 13,635 | (7,553) |
Net cash provided by (used in) investing activities | (2,596) | (10,169) | (45,002) |
Net cash provided by (used in) financing activities | (2,965) | 69,267 | 64,571 |
Effects on exchange rate changes on cash and cash equivalents | 197 | ||
Net increase(decrease) in cash and cash equivalents | ₩ (6,751) | ₩ 72,733 | ₩ 12,016 |
One Store Co., Ltd. [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership of non-controlling interests (%) | 47.30% | 34.50% | 34.50% |
Current assets | ₩ 208,527 | ₩ 92,844 | ₩ 76,810 |
Non-current assets | 27,802 | 23,872 | 28,081 |
Current liabilities | (88,842) | (63,440) | (38,547) |
Non-current liabilities | (4,783) | (2,450) | (1,327) |
Net assets | 142,704 | 50,826 | 65,017 |
Net assets on the consolidated financial statements | 142,704 | 50,826 | |
Carrying amount of non-controlling interests | 67,742 | 17,711 | 22,405 |
Revenue | 135,116 | 110,284 | 115,596 |
Profit (Loss) for the year | (5,415) | (13,903) | (27,254) |
Profit (Loss) for the year on the consolidated financial statements | (5,415) | (13,903) | |
Total comprehensive income (loss) | (5,856) | (14,386) | (27,452) |
Profit (Loss) attributable to non-controlling interests | (2,256) | (4,791) | (9,392) |
Net cash provided by (used in) operating activities | 14,426 | 7,181 | 13,912 |
Net cash provided by (used in) investing activities | (87,275) | (11,482) | (2,000) |
Net cash provided by (used in) financing activities | 96,189 | 5 | (7) |
Effects on exchange rate changes on cash and cash equivalents | 2 | ||
Net increase(decrease) in cash and cash equivalents | ₩ 23,342 | ₩ (4,296) | ₩ 11,905 |
Eleven Street Co., Ltd. [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership of non-controlling interests (%) | 18.20% | 18.20% | |
Current assets | ₩ 779,568 | ₩ 923,153 | |
Non-current assets | 143,856 | 122,793 | |
Current liabilities | (420,022) | (486,391) | |
Non-current liabilities | (26,410) | (9,516) | |
Net assets | 476,992 | 550,039 | |
Fair value adjustment and others | (18,805) | (23,191) | |
Net assets on the consolidated financial statements | 458,187 | 526,848 | |
Carrying amount of non-controlling interests | 84,673 | 95,811 | |
Revenue | 530,489 | 228,000 | |
Profit (Loss) for the year | (5,077) | (9,507) | |
Depreciation of the fair value adjustment and others | (614) | (161) | |
Profit (Loss) for the year on the consolidated financial statements | (5,691) | (9,668) | |
Total comprehensive income (loss) | (13,590) | (8,897) | |
Profit (Loss) attributable to non-controlling interests | (1,064) | (1,758) | |
Net cash provided by (used in) operating activities | 7,980 | (69,347) | |
Net cash provided by (used in) investing activities | 102,366 | (470,211) | |
Net cash provided by (used in) financing activities | (72,686) | 494,923 | |
Effects on exchange rate changes on cash and cash equivalents | 35 | ||
Net increase(decrease) in cash and cash equivalents | 37,695 | ₩ (44,635) | |
Dividend paid to non-controlling interests during the year ended December 31, 2018 | ₩ 17,500 | ||
Life and Security Holdings Co., Ltd. [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership of non-controlling interests (%) | 45.00% | 45.00% | |
Current assets | ₩ 126,437 | ₩ 124,091 | |
Non-current assets | 2,513,344 | 2,487,747 | |
Current liabilities | (279,403) | (243,064) | |
Non-current liabilities | (2,051,517) | (2,018,392) | |
Net assets | 308,861 | 350,382 | |
Fair value adjustment and others | (1,219,701) | (1,216,347) | |
Net assets on the consolidated financial statements | (910,840) | (865,965) | |
Carrying amount of non-controlling interests | (409,878) | (389,684) | |
Revenue | 913,301 | 197,487 | |
Profit (Loss) for the year | 12,703 | 6,038 | |
Depreciation of the fair value adjustment and others | (14,913) | (2,954) | |
Profit (Loss) for the year on the consolidated financial statements | (2,210) | 3,084 | |
Total comprehensive income (loss) | (5,413) | (991) | |
Profit (Loss) attributable to non-controlling interests | (978) | 1,387 | |
Net cash provided by (used in) operating activities | 238,378 | (23,451) | |
Net cash provided by (used in) investing activities | (194,472) | (139,430) | |
Net cash provided by (used in) financing activities | (51,129) | 124,076 | |
Net increase(decrease) in cash and cash equivalents | (7,223) | ₩ (38,805) | |
Dividend paid to non-controlling interests during the year ended December 31, 2018 | ₩ 28,786 | ||
Incross Co., Ltd. [member] | |||
Disclosure of subsidiaries [line items] | |||
Ownership of non-controlling interests (%) | 65.40% | ||
Current assets | ₩ 133,741 | ||
Non-current assets | 10,522 | ||
Current liabilities | (77,530) | ||
Non-current liabilities | (989) | ||
Net assets | 65,744 | ||
Net assets on the consolidated financial statements | 65,744 | ||
Carrying amount of non-controlling interests | 41,074 | ||
Revenue | 19,787 | ||
Profit (Loss) for the year | 5,756 | ||
Profit (Loss) for the year on the consolidated financial statements | 5,756 | ||
Total comprehensive income (loss) | 5,396 | ||
Profit (Loss) attributable to non-controlling interests | 3,630 | ||
Net cash provided by (used in) operating activities | (9,331) | ||
Net cash provided by (used in) investing activities | 5,053 | ||
Net cash provided by (used in) financing activities | (4,644) | ||
Net increase(decrease) in cash and cash equivalents | ₩ 8,478 |
Recently Adopted Accounting S_3
Recently Adopted Accounting Standards - Summary Of Detailed Information About Impacts On Adoption Of IFRS16 (Detail) - IFRS16 [Member] ₩ in Millions | Jan. 01, 2019KRW (₩) |
Impact on assets: | |
Right-of-use assets presented in property and equipment | ₩ 654,449 |
Increase in accounts receivable – other (lease receivables) | 31,355 |
Adjustments in property and equipment and intangible assets | (3,387) |
Decrease in advanced payments and others | (52,638) |
Impacts on assets | 629,779 |
Impact on liabilities: | |
Increase in lease liabilities | 663,827 |
Decrease in deferred tax liabilities | (9,359) |
Impacts on liabilities | 654,468 |
Decrease in retained earnings | (24,186) |
Decrease in non-controlling interests | ₩ (503) |
Recently Adopted Accounting S_4
Recently Adopted Accounting Standards- Additional Information (Detail) - KRW (₩) ₩ in Millions | Jan. 01, 2019 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |||
Right-of-use assets | ₩ 709,396 | ₩ 654,449 | |
Lease liabilities | ₩ 663,827 | 712,740 | |
Expenses related to short-term leases | 66,548 | ||
Expenses related to low-value assets | ₩ 4,676 | ||
Weighted average incremental borrowing rate | 2.11% | ||
IFRS16 [Member] | |||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |||
Right-of-use assets | 709,396 | ||
Lease liabilities | 712,740 | ||
Depreciation, right-of-use assets | 360,606 | ||
Interest costs on leases | 15,471 | ||
Expenses related to short-term leases | 140,991 | ||
Expenses related to low-value assets | 3,267 | ||
Operating lease income | 163,355 | ||
Income relating to variable lease payments | ₩ 20,101 |
Recently Adopted Accounting S_5
Recently Adopted Accounting Standards - Summary of Detailed Information About Measurement Of Lease Liabilities (Detail) - KRW (₩) ₩ in Millions | Jan. 01, 2019 | Dec. 31, 2019 |
Lease liabilities [abstract] | ||
Operating lease commitments at December 31, 2018 | ₩ 766,978 | |
Discounted using the incremental borrowing rate at January 1, 2019 | 735,051 | |
- Recognition exemption for leases with less than 12 months of lease term at the lease commencement date | (66,548) | |
- Recognition exemption for leases of low-value assets | (4,676) | |
Lease liabilities recognized at January 1, 2019 | ₩ 663,827 | ₩ 712,740 |
Recently Adopted Accounting S_6
Recently Adopted Accounting Standards - Summary of Maturity Analysis of Lease Receivables (Detail) ₩ in Millions | Dec. 31, 2019KRW (₩) |
Disclosure of maturity analysis of finance lease payments receivable [line items] | |
Undiscounted lease payments | ₩ 48,597 |
Unrealized finance income | 1,822 |
Net investment in the lease | 46,775 |
Less than 1 year [member] | |
Disclosure of maturity analysis of finance lease payments receivable [line items] | |
Undiscounted lease payments | 24,286 |
1 ~ 2 years [Member] | |
Disclosure of maturity analysis of finance lease payments receivable [line items] | |
Undiscounted lease payments | 12,690 |
2 ~ 3 years [Member] | |
Disclosure of maturity analysis of finance lease payments receivable [line items] | |
Undiscounted lease payments | 6,348 |
3 ~ 4 years [Member] | |
Disclosure of maturity analysis of finance lease payments receivable [line items] | |
Undiscounted lease payments | 3,683 |
4 ~ 5 years [Member] | |
Disclosure of maturity analysis of finance lease payments receivable [line items] | |
Undiscounted lease payments | 1,589 |
More than 5 years [member] | |
Disclosure of maturity analysis of finance lease payments receivable [line items] | |
Undiscounted lease payments | ₩ 1 |
Recently Adopted Accounting S_7
Recently Adopted Accounting Standards - Summary of Maturity Analysis of Lease Payments (Detail) ₩ in Millions | Dec. 31, 2019KRW (₩) |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted Lease Payments | ₩ 233,490 |
Less than 1 year [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted Lease Payments | 129,310 |
1 ~ 2 years [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted Lease Payments | 76,669 |
2 ~ 3 years [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted Lease Payments | 25,047 |
3 ~ 4 years [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted Lease Payments | 1,243 |
4 ~ 5 years [Member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted Lease Payments | 1,218 |
More than 5 years [member] | |
Disclosure of maturity analysis of operating lease payments [line items] | |
Undiscounted Lease Payments | ₩ 3 |
Significant Accounting Polici_4
Significant Accounting Policies - Estimated Useful Lives of the Group's Property and Equipment (Detail) | 12 Months Ended |
Dec. 31, 2019 | |
Bottom of range [member] | Buildings and structures [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 15 years |
Bottom of range [member] | Machinery [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 3 years |
Bottom of range [member] | Other property and equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 2 years |
Bottom of range [member] | Right-of-use assets [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 1 year |
Top of range [member] | Buildings and structures [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 40 years |
Top of range [member] | Machinery [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 15 years |
Top of range [member] | Other property and equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 10 years |
Top of range [member] | Right-of-use assets [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful lives (years) | 50 years |
Significant Accounting Polici_5
Significant Accounting Policies - Estimated Useful Lives of the Group's Intangible Assets (Detail) | 12 Months Ended |
Dec. 31, 2019 | |
Frequency usage rights [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 5 years |
Frequency usage rights [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 10 years |
Land usage rights [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 5 years |
Industrial rights [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 5 years |
Industrial rights [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 10 years |
Development costs [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 3 years |
Development costs [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 5 years |
Facility usage rights [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 10 years |
Facility usage rights [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 20 years |
Customer relations [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 3 years |
Customer relations [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 20 years |
Other [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 3 years |
Other [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful lives (years) | 20 years |
Operating Segments - Segment In
Operating Segments - Segment Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Revenue | ₩ 17,743,702 | ₩ 16,873,960 | ₩ 17,520,013 |
Depreciation and amortization | 3,771,486 | 3,126,118 | 3,097,466 |
Operating profit (loss) | 1,000,893 | 833,851 | 1,224,572 |
Finance income and costs, net | 449,543 | 3,270,912 | 2,245,732 |
Finance income | 141,977 | 256,435 | 366,561 |
Other non-operating income and expense, net | (429,758) | (385,232) | (433,616) |
Profit before income tax | 1,162,655 | 3,975,966 | 3,403,249 |
External revenue [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 17,743,702 | 16,873,960 | 17,520,013 |
Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 20,714,216 | 19,808,519 | 20,341,169 |
Depreciation and amortization | 3,771,486 | 3,126,118 | 3,097,466 |
Operating profit (loss) | 1,109,980 | 1,201,760 | 1,536,626 |
Operating segments [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 2,970,514 | 2,934,559 | 2,821,156 |
Operating segments [member] | External revenue [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 17,743,702 | 16,873,960 | 17,520,013 |
Operating segments [member] | Cellular services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 13,781,882 | 13,961,762 | 14,873,543 |
Depreciation and amortization | 2,694,786 | 2,341,862 | 2,390,016 |
Operating profit (loss) | 914,118 | 1,299,869 | 1,714,078 |
Operating segments [member] | Cellular services [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,609,467 | 1,582,865 | 1,611,408 |
Operating segments [member] | Cellular services [member] | External revenue [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 12,172,415 | 12,378,897 | 13,262,135 |
Operating segments [member] | Fixed-line telecommunication services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 3,952,373 | 3,857,074 | 3,581,766 |
Depreciation and amortization | 752,234 | 641,336 | 592,681 |
Operating profit (loss) | 139,172 | 245,509 | 168,470 |
Operating segments [member] | Fixed-line telecommunication services [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,004,193 | 1,034,769 | 862,333 |
Operating segments [member] | Fixed-line telecommunication services [member] | External revenue [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 2,948,180 | 2,822,305 | 2,719,433 |
Operating segments [member] | Security services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,183,724 | 286,089 | 93,372 |
Depreciation and amortization | 224,537 | 60,723 | 16,768 |
Operating profit (loss) | 133,573 | (11,284) | (16,651) |
Operating segments [member] | Security services [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 74,247 | 1,801 | 1,398 |
Operating segments [member] | Security services [member] | External revenue [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,109,477 | 284,288 | 91,974 |
Operating segments [member] | Commerce services [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 726,552 | 790,818 | 689,883 |
Depreciation and amortization | 35,788 | 19,051 | 15,417 |
Operating profit (loss) | 1,938 | (85,041) | (154,901) |
Operating segments [member] | Commerce services [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 15,899 | 62,446 | 38,065 |
Operating segments [member] | Commerce services [member] | External revenue [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 710,653 | 728,372 | 651,818 |
Operating segments [member] | Others [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 1,069,685 | 912,776 | 1,102,605 |
Depreciation and amortization | 64,141 | 63,146 | 82,584 |
Operating profit (loss) | (78,821) | (247,293) | (174,370) |
Operating segments [member] | Others [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 266,708 | 252,678 | 307,952 |
Operating segments [member] | Others [member] | External revenue [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 802,977 | 660,098 | 794,653 |
Adjustments [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | (2,970,514) | (2,934,559) | (2,821,156) |
Operating profit (loss) | (109,087) | ||
Adjustments [member] | Intersegment [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | ₩ (2,970,514) | (2,934,559) | (2,821,156) |
Operating profit (loss) | ₩ (367,909) | ₩ (312,054) |
Operating Segments - Reconcilia
Operating Segments - Reconciliation of Total Segment Operating Income to Consolidated Operating Profit from Continuing Operations (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Total segment operating profit | ₩ 1,000,893 | ₩ 833,851 | ₩ 1,224,572 |
Gain on disposal of property and equipment and intangible assets | 8,942 | 38,933 | 13,991 |
Others | 94,288 | 33,017 | 18,006 |
Other operating income | 103,230 | 71,950 | 31,997 |
Impairment loss on property and equipment and intangible assets | (65,935) | (255,839) | (54,946) |
Loss on disposal of property and equipment and intangible assets | (56,248) | (87,257) | (60,086) |
Donations | (17,557) | (59,012) | (112,634) |
Bad debt for accounts receivable - other | (5,802) | (7,718) | (5,793) |
Others | (65,015) | (26,876) | (101,589) |
Other operating expenses | (1,724,899) | (1,782,404) | (1,630,747) |
Operating segments [member] | |||
Disclosure of operating segments [line items] | |||
Total segment operating profit | 1,109,980 | 1,201,760 | 1,536,626 |
Adjustments [member] | |||
Disclosure of operating segments [line items] | |||
Total segment operating profit | (109,087) | ||
Gain on disposal of property and equipment and intangible assets | 8,942 | 38,933 | 13,991 |
Others | 94,288 | 33,017 | 18,006 |
Other operating income | 103,230 | 71,950 | 31,997 |
Impairment loss on property and equipment and intangible assets | (65,935) | (255,839) | (54,946) |
Loss on disposal of property and equipment and intangible assets | (56,248) | (87,257) | (60,086) |
Donations | (17,557) | (59,012) | (112,634) |
Bad debt for accounts receivable - other | (5,802) | (7,718) | (5,793) |
Others | (66,775) | (30,033) | (110,592) |
Other operating expenses | ₩ (212,317) | ₩ (439,859) | ₩ (344,051) |
Operating Segments - Reconcil_2
Operating Segments - Reconciliation of Total Segment Operating Income to Consolidated Operating Profit from Continuing Operations (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Penalty refund | ₩ 11,000 | ||
Penalties expenses | 42.4 | ₩ 0.4 | |
Other expense | ₩ 21.4 | ₩ 21.4 | |
Other [member] | |||
Disclosure of operating segments [line items] | |||
Gain loss on sale of business | ₩ 70,000 |
Operating Segments - Additional
Operating Segments - Additional Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Revenue | ₩ 17,743,702 | ₩ 16,873,960 | ₩ 17,520,013 |
Domestic [member] | |||
Disclosure of operating segments [line items] | |||
Revenue | 17,680,000 | 16,656,000 | 17,374,000 |
Non-current assets | 20,678,000 | 20,040,000 | 15,554,000 |
Outside of Korea [member] | |||
Disclosure of operating segments [line items] | |||
Non-current assets | ₩ 63,000 | ₩ 72,000 | ₩ 257,000 |
Operating Segments - Summary of
Operating Segments - Summary of Disaggregation of Operating Revenue (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | ₩ 17,743,702 | ₩ 16,873,960 | ₩ 17,520,013 |
Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 2,115,333 | 1,793,766 | 1,591,342 |
Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 15,628,369 | 15,080,194 | 15,928,671 |
Commerce service [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 502,264 | 604,996 | 556,221 |
Cellular revenue [member] | Goods [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,142,868 | 1,124,143 | 1,119,662 |
Cellular revenue [member] | Wireless service [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 9,532,377 | 9,770,423 | 10,638,982 |
Cellular revenue [member] | Cellular interconnection [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 494,267 | 532,156 | 592,755 |
Cellular revenue [member] | Other [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,002,903 | 952,175 | 910,736 |
Fixed-line telecommunication services [member] | Goods [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 145,314 | 125,959 | 73,362 |
Fixed-line telecommunication revenue [member] | Cellular interconnection [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 92,396 | 95,865 | 116,070 |
Fixed-line telecommunication revenue [member] | International calls [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 137,902 | 152,918 | 166,901 |
Fixed-line telecommunication revenue [member] | Internet service and miscellaneous [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,062,284 | 905,235 | 938,066 |
Fixed-line telecommunication revenue [member] | Fixedline Service [Member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 224,453 | 371,224 | 401,037 |
Fixed-line telecommunication revenue [member] | Service [Member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,064,713 | 271,956 | 91,570 |
Fixed-line telecommunication revenue [member] | Television [Member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 1,285,831 | 1,171,104 | 1,023,997 |
Security services revenue [member] | Goods [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 44,764 | 12,332 | 404 |
Commerce services revenue [member] | Goods [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 56,699 | 45,837 | 94,085 |
Commerce services revenue [member] | Commerce service [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 151,690 | 77,539 | 1,512 |
Other revenue [member] | Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 228,979 | 252,142 | 492,336 |
Other revenue [member] | Goods [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 86,793 | 81,311 | 81,139 |
Other revenue [member] | Products and service [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | 44,336 | 51,214 | 25,068 |
Other revenue [member] | Other [member] | Goods or services transferred at point in time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue | ₩ 442,869 | ₩ 275,431 | ₩ 196,110 |
Restricted Deposits - Deposits
Restricted Deposits - Deposits Which are Restricted in Use (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | ||
Short-term financial instruments | ₩ 830,647 | ₩ 1,045,676 |
Long-term financial instruments | 990 | 1,221 |
Financial instruments | 831,637 | 1,046,897 |
Restricted deposits [member] | ||
Disclosure of financial assets [line items] | ||
Short-term financial instruments | 95,034 | 79,511 |
Long-term financial instruments | 988 | 1,218 |
Financial instruments | ₩ 96,022 | ₩ 80,729 |
Trade and Other Receivables - D
Trade and Other Receivables - Details of Trade and Other Receivables (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | ||
Accounts receivable - trade | ₩ 2,230,979 | ₩ 2,008,640 |
Short-term loans | 66,123 | 59,094 |
Accounts receivable - other | 905,436 | 937,837 |
Accrued income | 3,811 | 6,066 |
Guarantee deposits (Other current assets) | 145,041 | 2,714 |
Trade and other receivables, current | 3,351,390 | 3,014,351 |
Long-term loans | 33,760 | 29,034 |
Long-term accounts receivable - other | 344,662 | 274,053 |
Guarantee deposits | 164,734 | 313,140 |
Long-term accounts receivable - trade (Other non-current assets) | 16,916 | 11,293 |
Trade and other receivables, noncurrent | 560,072 | 627,520 |
Trade and other receivables | 3,911,462 | 3,641,871 |
Gross amount [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable - trade | 2,480,419 | 2,268,680 |
Short-term loans | 66,706 | 59,643 |
Accounts receivable - other | 953,815 | 1,006,183 |
Accrued income | 3,977 | 6,232 |
Guarantee deposits (Other current assets) | 145,041 | 2,714 |
Trade and other receivables, current | 3,649,958 | 3,343,452 |
Long-term loans | 81,231 | 75,860 |
Long-term accounts receivable - other | 344,662 | 274,053 |
Guarantee deposits | 165,033 | 313,140 |
Long-term accounts receivable - trade (Other non-current assets) | 16,977 | 11,410 |
Trade and other receivables, noncurrent | 607,903 | 674,463 |
Trade and other receivables | 4,257,861 | 4,017,915 |
Loss allowance [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable - trade | (249,440) | (260,040) |
Short-term loans | (583) | (549) |
Accounts receivable - other | (48,379) | (68,346) |
Accrued income | (166) | (166) |
Trade and other receivables, current | (298,568) | (329,101) |
Long-term loans | (47,471) | (46,826) |
Guarantee deposits | (299) | |
Long-term accounts receivable - trade (Other non-current assets) | (61) | (117) |
Trade and other receivables, noncurrent | (47,831) | (46,943) |
Trade and other receivables | ₩ (346,399) | ₩ (376,044) |
Trade and Other Receivables -_2
Trade and Other Receivables - Details of Trade and Other Receivables (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Gross and carrying amounts of accounts receivable other [member] | ||
Disclosure of financial assets [line items] | ||
Financial instruments classified as FVTPL | ₩ 532,225 | ₩ 489,617 |
Trade and Other Receivables - C
Trade and Other Receivables - Changes in Loss Allowance on Accounts Receivable - Trade Measured at Amortized Costs (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Impairment | ₩ (34,643) | ₩ (45,929) | ₩ (54,896) |
Trade and other receivables write off description | The Group writes off the trade and other receivables when contractual payments are more than 5 years past due, or for reasons such as termination of operations or liquidation. | ||
Trade and other receivables [member] | |||
Disclosure of financial assets [line items] | |||
Beginning balance | ₩ 260,157 | 239,448 | |
Impact of adopting IFRS 9 | 12,950 | ||
Impairment | 28,841 | 38,211 | |
Write-offs | (55,756) | (46,616) | |
Collection of receivables previously written-off | 14,772 | 13,455 | |
Business combination and others | 1,487 | 2,709 | |
Ending Balance | ₩ 249,501 | ₩ 260,157 | ₩ 239,448 |
Trade and Other Receivables - S
Trade and Other Receivables - Summary of Loss Allowance on Accounts Receivable - Trade (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | |||
Gross amount | ₩ 2,247,895 | ₩ 2,019,933 | |
Trade and other receivables [member] | |||
Disclosure of financial assets [line items] | |||
Loss allowance | ₩ 249,501 | ₩ 260,157 | ₩ 239,448 |
Not Later Than Six Months [member] | Trade and other receivables [member] | Telecommunications service revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 1.34% | ||
Gross amount | ₩ 1,180,733 | ||
Loss allowance | ₩ 15,822 | ||
Not Later Than Six Months [member] | Trade and other receivables [member] | Other revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 3.49% | ||
Gross amount | ₩ 1,052,530 | ||
Loss allowance | ₩ 36,696 | ||
More Than 6 Months [Member] | Trade and other receivables [member] | Telecommunications service revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 63.33% | ||
Gross amount | ₩ 44,972 | ||
Loss allowance | ₩ 28,481 | ||
More Than 6 Months [Member] | Trade and other receivables [member] | Other revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 56.01% | ||
Gross amount | ₩ 5,162 | ||
Loss allowance | ₩ 2,891 | ||
1 - 3 years [Member] | Trade and other receivables [member] | Telecommunications service revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 85.89% | ||
Gross amount | ₩ 110,038 | ||
Loss allowance | ₩ 94,509 | ||
1 - 3 years [Member] | Trade and other receivables [member] | Other revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 45.99% | ||
Gross amount | ₩ 20,252 | ||
Loss allowance | ₩ 9,313 | ||
More than 3 years [Member] | Trade and other receivables [member] | Telecommunications service revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 97.49% | ||
Gross amount | ₩ 28,300 | ||
Loss allowance | ₩ 27,589 | ||
More than 3 years [Member] | Trade and other receivables [member] | Other revenue [member] | |||
Disclosure of financial assets [line items] | |||
Expected credit loss rate | 61.72% | ||
Gross amount | ₩ 55,409 | ||
Loss allowance | ₩ 34,200 |
Prepaid Expenses - Summary of P
Prepaid Expenses - Summary of Prepaid Expenses (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of prepaid expenses [abstract] | ||
Incremental costs of obtaining contracts | ₩ 1,897,233 | ₩ 1,577,992 |
Others | 133,317 | 190,351 |
Current prepaid expenses | 2,030,550 | 1,768,343 |
Incremental costs of obtaining contracts | 1,152,748 | 799,607 |
Others | 88,681 | 95,665 |
Noncurrent prepayments | ₩ 1,241,429 | ₩ 895,272 |
Prepaid Expenses - Summary of I
Prepaid Expenses - Summary of Incremental Costs of Obtaining Contracts That Capitalized as Assets and Related Amortization Recognized as impairment losses (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of assets recognised from costs to obtain or fulfil contracts with customers [abstract] | ||
Amortization and impairment losses recognized | ₩ 2,193,333 | ₩ 2,002,460 |
Contract Assets and Liabiliti_3
Contract Assets and Liabilities - Summary of Contract Assets and Liabilities (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of revenue from contracts with customers [line items] | ||
Contract liabilities | ₩ 223,456 | ₩ 183,813 |
Revenue from performance obligations, contract liabilities carried forward from the prior period | 117,409 | |
Allocation of consideration between performance obligations [member] | ||
Disclosure of revenue from contracts with customers [line items] | ||
Contract assets | 191,858 | 133,893 |
Wireless service contracts [member] | ||
Disclosure of revenue from contracts with customers [line items] | ||
Contract liabilities | 20,393 | 18,425 |
Customer loyalty programs [member] | ||
Disclosure of revenue from contracts with customers [line items] | ||
Contract liabilities | 21,945 | 17,113 |
Fixed-line service contracts [member] | ||
Disclosure of revenue from contracts with customers [line items] | ||
Contract liabilities | 65,315 | 57,327 |
Security services [member] | ||
Disclosure of revenue from contracts with customers [line items] | ||
Contract liabilities | 32,026 | 38,109 |
Other contract liabilities [member] | ||
Disclosure of revenue from contracts with customers [line items] | ||
Contract liabilities | ₩ 83,777 | ₩ 52,839 |
Contract Assets and Liabiliti_4
Contract Assets and Liabilities - Schedule of Performance Obligations (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of performance obligations [line items] | ||
Contract liabilities | ₩ 223,456 | ₩ 183,813 |
Wireless service contracts [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 20,393 | 18,425 |
Customer loyalty programs [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 21,945 | 17,113 |
Fixed-line service contracts [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 65,315 | 57,327 |
Security services [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 32,026 | 38,109 |
Other contract liabilities [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 83,777 | ₩ 52,839 |
Less than 1 year [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 191,225 | |
Less than 1 year [member] | Wireless service contracts [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 20,393 | |
Less than 1 year [member] | Customer loyalty programs [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 17,285 | |
Less than 1 year [member] | Fixed-line service contracts [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 52,237 | |
Less than 1 year [member] | Security services [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 24,215 | |
Less than 1 year [member] | Other contract liabilities [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 77,095 | |
1 - 2 years [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 23,585 | |
1 - 2 years [member] | Customer loyalty programs [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 3,253 | |
1 - 2 years [member] | Fixed-line service contracts [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 13,078 | |
1 - 2 years [member] | Security services [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 5,676 | |
1 - 2 years [member] | Other contract liabilities [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 1,578 | |
More than 2 years [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 8,646 | |
More than 2 years [member] | Customer loyalty programs [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 1,407 | |
More than 2 years [member] | Security services [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | 2,135 | |
More than 2 years [member] | Other contract liabilities [member] | ||
Disclosure of performance obligations [line items] | ||
Contract liabilities | ₩ 5,104 |
Inventories - Details of Invent
Inventories - Details of Inventories (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of inventories [Line Items] | ||
Merchandise | ₩ 147,928 | ₩ 259,524 |
Finished goods | 1,999 | 1,009 |
Work in process | 2,135 | 3,647 |
Raw materials | 4,402 | 9,023 |
Supplies | 6,418 | 14,850 |
Inventories | 162,882 | 288,053 |
Gross amount [member] | ||
Disclosure of inventories [Line Items] | ||
Merchandise | 162,485 | 268,366 |
Finished goods | 4,264 | 1,260 |
Work in process | 2,674 | 3,985 |
Raw materials | 12,369 | 11,729 |
Supplies | 7,112 | 14,850 |
Inventories | 188,904 | 300,190 |
Accumulated impairment [member] | ||
Disclosure of inventories [Line Items] | ||
Merchandise | (14,557) | (8,842) |
Finished goods | (2,265) | (251) |
Work in process | (539) | (338) |
Raw materials | (7,967) | (2,706) |
Supplies | (694) | |
Inventories | ₩ (26,022) | ₩ (12,137) |
Inventories - Amount of the Inv
Inventories - Amount of the Inventory Write-downs Charged to the Consolidated Statement of Income and Write-off of Inventories (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Classes of current inventories [abstract] | |||
Charged to cost of products that have been resold | ₩ 15,019 | ₩ 2,509 | ₩ 6,079 |
Write-off upon sale | ₩ (1,101) | ₩ (2,396) | ₩ (2,820) |
Inventories - Additional Inform
Inventories - Additional Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Inventories [line items] | |||
Reversals of inventory write-downs | ₩ 0 | ₩ 0 | ₩ 0 |
Inventories recognized as operating expenses | 15,019 | 2,509 | 6,079 |
Cost of goods sold [member] | |||
Inventories [line items] | |||
Inventories recognized as operating expenses | ₩ 1,498,249 | ₩ 1,411,986 | ₩ 1,498,087 |
Investment Securities - Details
Investment Securities - Details of Short-term Investment Securities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Beneficiary certificates [member] | ||
Disclosure of financial assets [line items] | ||
FVTPL | ₩ 166,666 | ₩ 195,080 |
Investment Securities - Detai_2
Investment Securities - Details of Long-term Investment Securities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | ||
Available-for-sale financial assets | ₩ 857,215 | ₩ 664,726 |
Equity securities [member] | ||
Disclosure of financial assets [line items] | ||
Available-for-sale financial assets | 710,272 | 542,496 |
FVOCI | 1,011 | 0 |
Non current Assets | 711,283 | 542,496 |
Investment bonds [member] | ||
Disclosure of financial assets [line items] | ||
FVOCI | 4,627 | 2,147 |
FVTPL | 141,305 | 120,083 |
Non current Assets | ₩ 145,932 | ₩ 122,230 |
Investment Securities - Detai_3
Investment Securities - Details of Long-term Investment Securities (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Apr. 30, 2018 | |
Disclosure of financial assets [line items] | ||||
Investments in equity instruments that are not held for trading as financial assets at FVOCI | ₩ 710,272 | |||
Sale of shares, amount of cash | ₩ 234,683 | ₩ 371,816 | ₩ 129,726 | |
Number of shares | 41,157,506 | |||
Number of treasury stock issued | 80,745,711 | 80,745,711 | 80,745,711 | |
Proceeds from issue of treasury stock | ₩ 300,000 | |||
Gain on settlement of derivatives | ₩ 28,787 | |||
Kakao Co Ltd [member] | ||||
Disclosure of financial assets [line items] | ||||
Number of shares | 2,177,401 | |||
Consideration Paid | ₩ 302,321 | |||
Number of treasury stock issued | 1,266,620 | |||
Proceeds from issue of treasury stock | ₩ 300,000 | |||
Reserve of gains and losses on remeasuring available-for-sale financial assets [member] | ||||
Disclosure of financial assets [line items] | ||||
Valuation gain on financial assets | ₩ 30,073 | |||
Hana Financial Group Inc [member] | ||||
Disclosure of financial assets [line items] | ||||
Sale of shares, number of shares sold | 6,109,000 | |||
Sale of shares, amount of cash | ₩ 221,146 |
Business Combination - Addition
Business Combination - Additional information (Detail) - KRW (₩) ₩ in Millions | Oct. 01, 2018 | Jan. 01, 2018 | Apr. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2019 | Dec. 31, 2018 | Oct. 01, 2017 | Sep. 01, 2017 |
Disclosure of detailed information about business combination [line items] | |||||||||
Number of shares | 41,157,506 | ||||||||
Goodwill | ₩ 1,915,017 | ₩ 1,915,017 | ₩ 2,949,530 | ₩ 2,938,563 | |||||
Incross Co Ltd [Member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Number of shares | 2,786,455 | ||||||||
Ownership percentage | 34.60% | ||||||||
Revenue of acquiree since acquisition date | ₩ 19,787 | ||||||||
Profit (loss) of acquiree since acquisition date | 5,756 | ||||||||
Consideration transferred in cash | ₩ 53,722 | ||||||||
Incross Co Ltd [Member] | Top of range [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Ownership percentage | 50.00% | ||||||||
SM LIFE DESIGN COMPANY JAPAN INC [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Consideration transferred in cash | ₩ 30,000 | ||||||||
SM LIFE DESIGN COMPANY JAPAN INC [member] | Iriver Limted [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Revenue of acquiree since acquisition date | 6,365 | ||||||||
Profit (loss) of acquiree since acquisition date | ₩ 1,244 | ||||||||
Consideration transferred in cash | 30,000 | ||||||||
Goodwill | ₩ 21,748 | ||||||||
S.M. Mobile Communications JAPAN Inc [member] | Iriver Limted [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Revenue of acquiree since acquisition date | 0 | ||||||||
Profit (loss) of acquiree since acquisition date | ₩ 103 | ||||||||
Goodwill | ₩ 13,473 | ||||||||
Life and Security Holdings Co., Ltd. [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Ownership percentage | 55.00% | ||||||||
Consideration transferred in cash | ₩ 696,665 | ||||||||
Goodwill | ₩ 1,155,037 | ₩ 1,155,037 | 1,155,037 | ||||||
Life and Security Holdings Co., Ltd. [member] | ADT CAPS Co., Ltd. [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Ownership percentage | 100.00% | ||||||||
Revenue of acquiree since acquisition date | ₩ 197,487 | ₩ 763,375 | |||||||
Profit (loss) of acquiree since acquisition date | 6,038 | ₩ 19,548 | |||||||
Id Quantique SA [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Number of shares | 44,157,506 | ||||||||
Ownership percentage | 58.10% | ||||||||
Additional shares acquired in exchange for assets | 16,666,666 | ||||||||
Business acquisition exchange of asset value | ₩ 5,672 | ||||||||
Increase in percentage of ownership | 65.60% | ||||||||
Revenue of acquiree since acquisition date | ₩ 9,935 | ||||||||
Profit (loss) of acquiree since acquisition date | 5,220 | ||||||||
Consideration transferred in cash | 55,249 | ||||||||
Valuation gain on financial assets | ₩ 1,636 | ||||||||
SK Infosec Co., Ltd. [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Revenue of acquiree since acquisition date | 172,905 | ||||||||
Profit (loss) of acquiree since acquisition date | ₩ 19,512 | ||||||||
SK Infosec Co., Ltd. [member] | SK Holdings Co., Ltd. [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Ownership percentage | 100.00% | ||||||||
SK Holdings Co., Ltd. [member] | SK Telink Co., Ltd. [member] | |||||||||
Disclosure of detailed information about business combination [line items] | |||||||||
Consideration transferred in cash | 4,450 | ||||||||
Deduction from Capital surplus and others recognized as of acquisition date | ₩ 1,018 |
Business Combinations - Summary
Business Combinations - Summary of Acquiree (Detail) | Oct. 01, 2018 | Apr. 30, 2018 | Dec. 31, 2019 |
Incross Co Ltd [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Corporate name | Incross Co., Ltd. | ||
Location | 5th floor, 1925, Nambusunhwan-ro, Gwanak-gu, Seoul, Korea | ||
CEO | Lee, Jae-won | ||
Industry | Media representative business | ||
Id Quantique SA [member] | |||
Disclosure of detailed information about business combination [line items] | |||
Corporate name | id Quantique SA | ||
Location | 3, CHEMIN DE LA MARBRERIE, 1227 CAROUGE, SWITZERLAND | ||
CEO | Gregoire Ribordy | ||
Industry | Quantum information and communications industry | ||
Life and Security Holdings Co., Ltd. [member] | |||
Disclosure of detailed information about business combination [line items] | |||
Corporate name | Life & Security Holdings Co., Ltd. | ||
Location | 323, Incheon tower-daero, Yeonsu-gu, Incheon, Korea | ||
CEO | Choi, Jin-hwan | ||
Industry | Holding company of subsidiaries in security business |
Business Combinations - Conside
Business Combinations - Considerations Transferred Identifiable Assets Acquired and Liabilities Assumed at Acquisition Date (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Oct. 01, 2018 | Apr. 30, 2018 |
Incross Co Ltd [Member] | |||
Considerations paid: | |||
Cash and cash equivalents | ₩ 53,722 | ||
Assets and liabilities acquired: | |||
Cash and cash equivalents | 17,400 | ||
Trade and other receivables | 67,259 | ||
Property and equipment | 2,411 | ||
Intangible assets | 2,709 | ||
Other assets | 9,254 | ||
Trade and other payables | (57,309) | ||
Other liabilities | (1,984) | ||
Assets and liabilities acquired | 64,681 | ||
Financial assets recognised as of acquisition date | 24,941 | ||
Non-controlling interests | 40,592 | ||
Goodwill(I—II+III) | ₩ 29,633 | ||
Id Quantique SA [member] | |||
Considerations paid: | |||
Cash and cash equivalents | ₩ 55,249 | ||
Existing shares (financial assets at FVOCI) at fair value | 3,965 | ||
Considerations transferred | 59,214 | ||
Assets and liabilities acquired: | |||
Cash and cash equivalents | 1,538 | ||
Trade and other receivables | 13,609 | ||
Inventories | 2,003 | ||
Property and equipment | 415 | ||
Intangible assets | 7,566 | ||
Other assets | 447 | ||
Trade and other payables | (1,569) | ||
Other liabilities | (2,880) | ||
Assets and liabilities acquired | 21,129 | ||
Non-controlling interests | 9,290 | ||
Goodwill(I—II+III) | ₩ 47,375 | ||
Life and Security Holdings Co., Ltd. [member] | |||
Considerations paid: | |||
Cash and cash equivalents | ₩ 696,665 | ||
Assets and liabilities acquired: | |||
Cash and cash equivalents | 101,896 | ||
Trade and other receivables | 40,241 | ||
Inventories | 2,440 | ||
Property and equipment | 427,752 | ||
Intangible assets | 1,019,503 | ||
Other assets | 3,956 | ||
Trade and other payables | (296,660) | ||
Borrowings | (1,744,839) | ||
Deferred tax liabilities | (229,207) | ||
Other liabilities | (158,042) | ||
Assets and liabilities acquired | (832,960) | ||
Non-controlling interests | (374,588) | ||
Goodwill(I—II+III) | 1,155,037 | ||
SK Infosec Co., Ltd. [member] | |||
Considerations paid: | |||
Treasury shares of the Parent Company | 281,151 | ||
Considerations transferred | 335,338 | ||
Assets and liabilities acquired: | |||
Cash and cash equivalents | 30,762 | ||
Trade and other receivables | 62,448 | ||
Inventories | 1,293 | ||
Property and equipment | 8,047 | ||
Intangible assets | 5,528 | ||
Other assets | 79,951 | ||
Trade and other payables | (38,431) | ||
Other liabilities | (20,003) | ||
Assets and liabilities acquired | 129,595 | ||
Deduction of capital surplus and others (I — II) | ₩ 151,556 |
Business Combination - Additi_2
Business Combination - Additional information (Parenthetical) (Detail) - SK Infosec Co., Ltd. [member] ₩ in Millions | Oct. 01, 2018KRW (₩)shares |
Disclosure of detailed information about business combination [line items] | |
Number of treasury shares transferred as consideration | shares | 1,260,668 |
Fair value of total consideration transferred | ₩ | ₩ 335,338 |
Business Combination - Consider
Business Combination - Considerations Transferred Identifiable Assets Acquired and Liabilities Assumed at Acquisition Date (Detail) - KRW (₩) ₩ in Millions | Oct. 01, 2017 | Sep. 01, 2017 |
SM LIFE DESIGN COMPANY JAPAN INC [member] | ||
Considerations paid: | ||
Cash and cash equivalents | ₩ 30,000 | |
Assets and liabilities acquired: | ||
Cash and cash equivalents | 3,434 | |
Trade and other receivables | 1,471 | |
Inventories | 1,879 | |
Property and equipment | 4 | |
Intangible assets | 6,677 | |
Trade and other payables | (2,563) | |
Deferred tax liabilities | (2,324) | |
Other liabilities | (326) | |
Net assets | ₩ 8,252 | |
S.M. Mobile Communications JAPAN Inc [member] | ||
Considerations paid: | ||
Shares of IRIVER LIMITED | ₩ 24,650 | |
Assets and liabilities acquired: | ||
Cash and cash equivalents | 4,112 | |
Trade and other receivables | 237 | |
Property and equipment | 311 | |
Intangible assets | 7,445 | |
Other assets | 41 | |
Trade and other payables | (815) | |
Other liabilities | (154) | |
Net assets | ₩ 11,177 |
Investments in Associates and_3
Investments in Associates and Joint Ventures - Investments in Associates and Joint Ventures Accounted for using the Equity Method (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of investments in associates and joint ventures [Line Items] | |||
Investments in associates, carrying amount | ₩ 13,336,856 | ₩ 12,791,613 | |
Investments in joint ventures, carrying amount | 48,408 | 20,158 | |
Investments in associates and joint ventures | ₩ 13,385,264 | ₩ 12,811,771 | ₩ 9,538,438 |
Dogus Planet, Inc. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Joint ventures, Country | Turkey | ||
Joint ventures, Ownership (%) | 50.00% | 50.00% | |
Investments in joint ventures, carrying amount | ₩ 15,921 | ₩ 12,487 | |
Investments in associates and joint ventures | ₩ 15,921 | ₩ 12,487 | 13,991 |
Finnq Co. Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Joint ventures, Country | Korea | ||
Joint ventures, Ownership (%) | 49.00% | 49.00% | |
Investments in joint ventures, carrying amount | ₩ 22,880 | ₩ 7,671 | |
Investments in associates and joint ventures | ₩ 22,880 | ₩ 7,671 | 16,474 |
Nextgen Broadcast Services Co LLC [Member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Joint ventures, Country | USA | ||
Joint ventures, Ownership (%) | 50.00% | ||
Investments in joint ventures, carrying amount | ₩ 7,961 | ||
Investments in associates and joint ventures | ₩ 7,961 | ||
Nextgen Orchestration LLC [Member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Joint ventures, Country | USA | ||
Joint ventures, Ownership (%) | 50.00% | ||
Investments in joint ventures, carrying amount | ₩ 1,646 | ||
Investments in associates and joint ventures | ₩ 1,646 | ||
Celcom planet [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Joint ventures, Country | Malaysia | ||
Joint ventures, Ownership (%) | 44.70% | ||
Investments in associates and joint ventures | ₩ 0 | ||
SK China Company Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | China | ||
Associates, Ownership (%) | 27.30% | 27.30% | |
Investments in associates, carrying amount | ₩ 568,459 | ₩ 551,548 | |
Investments in associates and joint ventures | ₩ 568,459 | ₩ 551,548 | 526,099 |
Korea IT fund [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 63.30% | 63.30% | |
Investments in associates, carrying amount | ₩ 311,552 | ₩ 281,684 | |
Investments in associates and joint ventures | ₩ 311,552 | ₩ 281,684 | 257,003 |
KEB HanaCard Co., Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 15.00% | 15.00% | |
Investments in associates, carrying amount | ₩ 294,756 | ₩ 288,457 | |
Investments in associates and joint ventures | ₩ 294,756 | ₩ 288,457 | 280,988 |
SK Telecom CS T1 Co Ltd [Member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 54.90% | ||
Investments in associates, carrying amount | ₩ 60,305 | ||
Investments in associates and joint ventures | ₩ 60,305 | ||
NanoEnTek, Inc. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 28.60% | 28.90% | |
Investments in associates, carrying amount | ₩ 42,127 | ₩ 40,974 | |
Investments in associates and joint ventures | ₩ 42,127 | ₩ 40,974 | 38,718 |
UniSK [Member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | China | ||
Associates, Ownership (%) | 49.00% | 49.00% | |
Investments in associates, carrying amount | ₩ 14,342 | ₩ 13,486 | |
Investments in associates and joint ventures | ₩ 14,342 | ₩ 13,486 | |
SK Technology Innovation Company [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Cayman Islands | ||
Associates, Ownership (%) | 49.00% | 49.00% | |
Investments in associates, carrying amount | ₩ 43,997 | ₩ 42,469 | |
Investments in associates and joint ventures | ₩ 43,997 | ₩ 42,469 | 42,511 |
SK hynix Inc. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 20.10% | 20.10% | |
Investments in associates, carrying amount | ₩ 11,425,325 | ₩ 11,208,315 | |
Investments in associates and joint ventures | ₩ 11,425,325 | ₩ 11,208,315 | 8,130,000 |
SK MENA Investment B.V. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Netherlands | ||
Associates, Ownership (%) | 32.10% | 32.10% | |
Investments in associates, carrying amount | ₩ 14,904 | ₩ 14,420 | |
Investments in associates and joint ventures | ₩ 14,904 | ₩ 14,420 | 13,853 |
SK Latin America Investment SA [Member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Spain | ||
Associates, Ownership (%) | 32.10% | 32.10% | |
Investments in associates, carrying amount | ₩ 13,698 | ₩ 13,313 | |
Investments in associates and joint ventures | ₩ 13,698 | ₩ 13,313 | |
Grab Geo Holdings PTE LTD [Member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Singapore | ||
Associates, Ownership (%) | 30.00% | ||
Investments in associates, carrying amount | ₩ 31,269 | ||
Investments in associates and joint ventures | ₩ 31,269 | ||
SK South East Asia Investment Pte. Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Singapore | ||
Associates, Ownership (%) | 20.00% | 20.00% | |
Investments in associates, carrying amount | ₩ 250,034 | ₩ 111,000 | |
Pacific Telecom Inc [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | USA | ||
Associates, Ownership (%) | 15.00% | 15.00% | |
Investments in associates, carrying amount | ₩ 40,016 | ₩ 37,075 | |
Investments in associates and joint ventures | ₩ 40,016 | ₩ 37,075 | |
S.M. Culture & Contents Co., Ltd [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 23.40% | 23.40% | |
Investments in associates, carrying amount | ₩ 63,469 | ₩ 63,801 | |
Investments in associates and joint ventures | ₩ 63,469 | ₩ 63,801 | 64,966 |
Content Wavve Co., Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 30.00% | ||
Investments in associates, carrying amount | ₩ 83,640 | ||
Investments in associates and joint ventures | ₩ 83,640 | ||
Hello Nature Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Associates, Country | Korea | ||
Associates, Ownership (%) | 49.90% | 49.90% | |
Investments in associates, carrying amount | ₩ 13,620 | ₩ 28,549 | |
Investments in associates and joint ventures | 13,620 | 28,549 | |
Health Connect Co., Ltd. and others [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Investments in associates, carrying amount | 65,343 | 96,522 | |
Investments in associates and joint ventures | ₩ 65,343 | ₩ 106,394 | ₩ 96,479 |
Investments in Associates and_4
Investments in Associates and Joint Ventures - Investments in Associates and Joint Ventures Accounted for using the Equity Method (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | ₩ 264,015 | ₩ 206,340 | ₩ 193,100 |
Percentage of decrease in equity interests | 20.00% | ||
Grab Geo Holdings PTE. LTD. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | ₩ 11,201 | ||
Purchase of investments in kind | 19,039 | ||
SK South East Asia Investment Pte. Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | 113,470 | ||
Content Wavve Co., Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | 90,858 | ||
NEXTGEN BROADCAST SERVICES CO, LLC [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | 8,160 | ||
NEXTGEN ORCHESTRATION, LLC [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | 1,748 | ||
Finnq Co. Ltd. [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | ₩ 24,500 |
Investments in Associates and_5
Investments in Associates and Joint Ventures - Market Price of Investments in Listed Associates (Detail) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
NanoEnTek, Inc. [member] | ||
Disclosure of associates [Line Items] | ||
Market price per share | ₩ 5,620 | ₩ 4,235 |
Number of shares | 7,600,649 | 7,600,649 |
Market value | ₩ 42,716 | ₩ 32,189 |
SK hynix Inc. [member] | ||
Disclosure of associates [Line Items] | ||
Market price per share | ₩ 94,100 | ₩ 60,500 |
Number of shares | 146,100,000 | 146,100,000 |
Market value | ₩ 13,748,010 | ₩ 8,839,050 |
S.M. Culture & Contents Co., Ltd [member] | ||
Disclosure of associates [Line Items] | ||
Market price per share | ₩ 1,530 | ₩ 2,020 |
Number of shares | 22,033,898 | 22,033,898 |
Market value | ₩ 33,712 | ₩ 44,508 |
Investments in Associates and_6
Investments in Associates and Joint Ventures - Financial Information of Significant Associates (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of associates [Line Items] | |||
Current assets | ₩ 8,102,294 | ₩ 7,958,839 | |
Non-current assets | 36,509,326 | 34,410,272 | |
Current liabilities | 7,787,722 | 6,847,557 | |
Non-current liabilities | 14,000,362 | 13,172,304 | |
Revenue | 17,846,932 | 16,945,910 | ₩ 17,552,010 |
Profit for the year | 861,942 | 3,131,988 | 2,657,595 |
Other comprehensive income (loss) | 1,009 | (141,584) | (1,013) |
Total comprehensive income | 862,951 | 2,990,404 | 2,656,582 |
SK hynix Inc. [member] | |||
Disclosure of associates [Line Items] | |||
Current assets | 14,457,602 | 19,894,146 | 17,310,444 |
Non-current assets | 50,331,892 | 43,764,189 | 28,108,020 |
Current liabilities | 7,874,033 | 13,031,852 | 8,116,133 |
Non-current liabilities | 8,972,266 | 3,774,152 | 3,481,412 |
Revenue | 26,990,733 | 40,445,066 | 30,109,434 |
Profit for the year | 2,016,391 | 15,539,984 | 10,642,219 |
Other comprehensive income (loss) | 94,023 | (67,219) | (422,042) |
Total comprehensive income | 2,110,414 | 15,472,765 | 10,220,177 |
KEB HanaCard Co., Ltd. [member] | |||
Disclosure of associates [Line Items] | |||
Current assets | 7,974,407 | 7,781,888 | 7,339,492 |
Non-current assets | 207,284 | 202,251 | 220,258 |
Current liabilities | 1,015,657 | 1,122,538 | 1,181,746 |
Non-current liabilities | 5,537,850 | 5,286,179 | 4,861,842 |
Revenue | 1,236,678 | 1,642,133 | 1,519,607 |
Profit for the year | 56,281 | 106,675 | 106,352 |
Other comprehensive income (loss) | (4,458) | (4,344) | (984) |
Total comprehensive income | 51,823 | 102,331 | 105,368 |
Korea IT fund [member] | |||
Disclosure of associates [Line Items] | |||
Current assets | 113,233 | 118,024 | 144,874 |
Non-current assets | 378,691 | 326,740 | 260,920 |
Revenue | 70,565 | 57,430 | 11,743 |
Profit for the year | 53,867 | 45,110 | 1,916 |
Other comprehensive income (loss) | 6,132 | (13,422) | 4,108 |
Total comprehensive income | 59,999 | 31,688 | 6,024 |
SK China Company Ltd. [member] | |||
Disclosure of associates [Line Items] | |||
Current assets | 615,028 | 677,686 | 729,872 |
Non-current assets | 1,442,748 | 1,221,736 | 1,031,647 |
Current liabilities | 59,395 | 71,396 | 81,161 |
Non-current liabilities | 215,354 | 117,094 | 64,717 |
Revenue | 116,269 | 117,132 | 69,420 |
Profit for the year | 23,474 | 30,274 | 11,492 |
Other comprehensive income (loss) | (15,093) | (16,149) | 27,190 |
Total comprehensive income | ₩ 8,381 | ₩ 14,125 | ₩ 38,682 |
Investments in Associates and_7
Investments in Associates and Joint Ventures - Condensed Financial Information of Joint Ventures (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of joint ventures [line items] | ||||
Current assets | ₩ 8,102,294 | ₩ 7,958,839 | ||
Cash and cash equivalents | 1,270,824 | 1,506,699 | ₩ 1,457,735 | ₩ 1,505,242 |
Non-current assets | 36,509,326 | 34,410,272 | ||
Current liabilities | 7,787,722 | 6,847,557 | ||
Non-current liabilities | 14,000,362 | 13,172,304 | ||
Revenue | 17,846,932 | 16,945,910 | 17,552,010 | |
Depreciation and amortization | (3,771,486) | (3,126,118) | (3,097,466) | |
Interest income | 141,977 | 256,435 | 366,561 | |
Interest expense | (397,890) | (307,319) | (299,100) | |
Profit (loss) for the year | 861,942 | 3,131,988 | 2,657,595 | |
Total comprehensive income (loss) | 862,951 | 2,990,404 | 2,656,582 | |
Dogus Planet, Inc. [member] | ||||
Disclosure of joint ventures [line items] | ||||
Current assets | 59,632 | 43,127 | 39,656 | |
Cash and cash equivalents | 13,422 | 42,416 | 25,818 | |
Non-current assets | 25,247 | 20,239 | 21,159 | |
Current liabilities | 52,238 | 37,105 | 32,622 | |
Accounts payable, other payables and provisions | 35,459 | 28,432 | 2,743 | |
Non-current liabilities | 800 | 1,287 | 212 | |
Revenue | 136,777 | 99,770 | 82,791 | |
Depreciation and amortization | (5,487) | (5,427) | (6,152) | |
Interest income | 1,455 | 1,635 | 781 | |
Interest expense | (92) | (4) | ||
Profit (loss) for the year | 9,294 | 642 | (4,535) | |
Total comprehensive income (loss) | 9,294 | 642 | (4,535) | |
Finnq Co. Ltd. [member] | ||||
Disclosure of joint ventures [line items] | ||||
Current assets | 42,995 | 11,985 | 32,232 | |
Cash and cash equivalents | 40,619 | 10,434 | 4,590 | |
Non-current assets | 11,389 | 15,435 | 15,610 | |
Current liabilities | 6,756 | 5,070 | 5,685 | |
Accounts payable, other payables and provisions | 5,062 | 87 | 2,290 | |
Non-current liabilities | 1,099 | 7,579 | 13,862 | |
Revenue | 1,968 | 232 | ||
Depreciation and amortization | (4,769) | (3,490) | (1,077) | |
Interest income | 12 | 5 | 532 | |
Interest expense | (198) | (301) | (276) | |
Profit (loss) for the year | (17,079) | (17,995) | (15,699) | |
Total comprehensive income (loss) | ₩ (17,361) | ₩ (18,166) | ₩ (15,699) |
Investments in Associates and_8
Investments in Associates and Joint Ventures - Reconciliations of Financial Information of Significant Associates to Carrying Amounts of Investments in Associates in the Consolidated Financial Statements (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of associates [Line Items] | ||
Carrying amount | ₩ 13,336,856 | ₩ 12,791,613 |
SK hynix Inc. [member] | ||
Disclosure of associates [Line Items] | ||
Net assets | ₩ 47,928,415 | ₩ 46,843,742 |
Ownership interests (%) | 20.10% | 20.10% |
Net assets attributable to ownership interests | ₩ 10,237,314 | ₩ 10,005,624 |
Cost-book value differentials | 1,188,011 | 1,202,691 |
Carrying amount | 11,425,325 | 11,208,315 |
KEB HanaCard Co., Ltd. [member] | ||
Disclosure of associates [Line Items] | ||
Net assets | ₩ 1,628,184 | ₩ 1,575,422 |
Ownership interests (%) | 15.00% | 15.00% |
Net assets attributable to ownership interests | ₩ 244,228 | ₩ 236,313 |
Cost-book value differentials | 50,528 | 52,144 |
Carrying amount | 294,756 | 288,457 |
Korea IT fund [member] | ||
Disclosure of associates [Line Items] | ||
Net assets | ₩ 491,924 | ₩ 444,764 |
Ownership interests (%) | 63.30% | 63.30% |
Net assets attributable to ownership interests | ₩ 311,552 | ₩ 281,684 |
Cost-book value differentials | 0 | |
Carrying amount | 311,552 | 281,684 |
SK China Company Ltd. [member] | ||
Disclosure of associates [Line Items] | ||
Net assets | ₩ 1,772,419 | ₩ 1,708,612 |
Ownership interests (%) | 27.30% | 27.30% |
Net assets attributable to ownership interests | ₩ 483,360 | ₩ 465,959 |
Cost-book value differentials | 85,099 | 85,589 |
Carrying amount | ₩ 568,459 | ₩ 551,548 |
Investments in Associates and_9
Investments in Associates and Joint Ventures - Reconciliations of Financial Information of Significant Associates to Carrying Amounts of Investments in Associates in the Consolidated Financial Statements (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2019 | |
SK hynix Inc. [member] | |
Disclosure of associates [Line Items] | |
Equity method effective ownership interest | 21.36% |
Investments in Associates an_10
Investments in Associates and Joint Ventures - Details of the Changes in Investments in Associates and Joint Ventures Accounted for using the Equity Method (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | ₩ 12,811,771 | ₩ 9,538,438 |
Acquisition and disposition | 343,020 | 140,999 |
Share of profit (loss) | 432,211 | 3,273,932 |
Other comprehensive income (loss) | 58,760 | (14,791) |
Other increase (decrease) | (260,498) | (126,807) |
Ending balance | 13,385,264 | 12,811,771 |
SK China Company Ltd. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 551,548 | 526,099 |
Share of profit (loss) | 4,916 | 7,618 |
Other comprehensive income (loss) | 11,995 | 17,831 |
Ending balance | 568,459 | 551,548 |
Korea IT fund [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 281,684 | 257,003 |
Share of profit (loss) | 34,116 | 38,099 |
Other comprehensive income (loss) | 3,884 | (9,919) |
Other increase (decrease) | (8,132) | (3,499) |
Ending balance | 311,552 | 281,684 |
KEB HanaCard Co., Ltd. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 288,457 | 280,988 |
Share of profit (loss) | 6,827 | 14,581 |
Other comprehensive income (loss) | (528) | (7,112) |
Ending balance | 294,756 | 288,457 |
SK Telecom CS T1 Co Ltd [Member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Acquisition and disposition | 60,305 | |
Ending balance | 60,305 | |
NanoEnTek, Inc. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 40,974 | 38,718 |
Acquisition and disposition | (43) | 3,180 |
Share of profit (loss) | 1,220 | (116) |
Other comprehensive income (loss) | (24) | (808) |
Ending balance | 42,127 | 40,974 |
UniSK [Member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 13,486 | |
Share of profit (loss) | 728 | |
Other comprehensive income (loss) | 347 | |
Other increase (decrease) | (219) | |
Ending balance | 14,342 | 13,486 |
SK Technology Innovation Company [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 42,469 | 42,511 |
Share of profit (loss) | 89 | (1,880) |
Other comprehensive income (loss) | 1,439 | 1,838 |
Ending balance | 43,997 | 42,469 |
SK MENA Investment B.V. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 14,420 | 13,853 |
Share of profit (loss) | 4 | (24) |
Other comprehensive income (loss) | 480 | 591 |
Ending balance | 14,904 | 14,420 |
HappyNarae Co., Ltd. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 21,873 | |
Acquisition and disposition | (29,325) | |
Share of profit (loss) | 7,479 | |
Other comprehensive income (loss) | (27) | |
SK hynix Inc. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 11,208,315 | 8,130,000 |
Share of profit (loss) | 416,168 | 3,238,054 |
Other comprehensive income (loss) | 20,008 | (13,639) |
Other increase (decrease) | (219,166) | (146,100) |
Ending balance | 11,425,325 | 11,208,315 |
SK Latin America Investment SA [Member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 13,313 | |
Share of profit (loss) | 74 | |
Other comprehensive income (loss) | 311 | |
Ending balance | 13,698 | 13,313 |
Grab Geo Holdings PTE LTD [Member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Acquisition and disposition | 30,518 | |
Share of profit (loss) | (17) | |
Other comprehensive income (loss) | 768 | |
Ending balance | 31,269 | |
Associates [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 12,791,613 | 9,498,381 |
Acquisition and disposition | 302,552 | 136,161 |
Share of profit (loss) | 442,400 | 3,294,987 |
Other comprehensive income (loss) | 60,723 | (11,109) |
Other increase (decrease) | (260,432) | (126,807) |
Ending balance | 13,336,856 | 12,791,613 |
Xian Tianlong Science and Technology Co., Ltd. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 25,891 | |
Acquisition and disposition | (25,553) | |
Share of profit (loss) | (338) | |
Makeus Corp.[member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 9,193 | |
Acquisition and disposition | 9,773 | |
Share of profit (loss) | (574) | |
Other increase (decrease) | (6) | |
Ending balance | 9,193 | |
SK South East Asia Investment Pte Ltd [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 111,000 | |
Acquisition and disposition | 113,470 | 111,000 |
Share of profit (loss) | 6,062 | |
Other comprehensive income (loss) | 19,502 | |
Ending balance | 250,034 | 111,000 |
S.M. Culture & Contents Co., Ltd [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 63,801 | 64,966 |
Share of profit (loss) | 464 | (909) |
Other comprehensive income (loss) | (796) | (256) |
Ending balance | 63,469 | 63,801 |
Pacific Telecom Inc [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 37,075 | |
Acquisition and disposition | 36,487 | |
Share of profit (loss) | 2,689 | 473 |
Other comprehensive income (loss) | 252 | 115 |
Ending balance | 40,016 | 37,075 |
Twelve CM Japan Inc [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 7,734 | |
Acquisition and disposition | 7,697 | |
Share of profit (loss) | (43) | |
Other comprehensive income (loss) | 80 | |
Ending balance | 7,734 | |
Content Wavve Co Ltd [Member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Acquisition and disposition | 90,858 | |
Share of profit (loss) | (7,218) | |
Ending balance | 83,640 | |
Hello Nature Ltd. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 28,549 | |
Share of profit (loss) | (6,580) | (959) |
Other comprehensive income (loss) | (16) | |
Other increase (decrease) | (8,333) | 29,508 |
Ending balance | 13,620 | 28,549 |
Health Connect Co., Ltd. and others [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 106,394 | 96,479 |
Acquisition and disposition | 7,444 | 22,902 |
Share of profit (loss) | (17,142) | (6,474) |
Other comprehensive income (loss) | 3,101 | 197 |
Other increase (decrease) | (24,582) | (6,710) |
Ending balance | 65,343 | 106,394 |
Dogus Planet, Inc. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 12,487 | 13,991 |
Acquisition and disposition | (81) | 1,537 |
Share of profit (loss) | 4,628 | 563 |
Other comprehensive income (loss) | (1,113) | (3,604) |
Ending balance | 15,921 | 12,487 |
Celcom planet [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 0 | |
Acquisition and disposition | 6,141 | |
Share of profit (loss) | (6,141) | (12,932) |
Ending balance | 0 | |
Finnq Co. Ltd. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 7,671 | 16,474 |
Acquisition and disposition | 24,500 | |
Share of profit (loss) | (8,441) | (8,728) |
Other comprehensive income (loss) | (850) | (75) |
Ending balance | 22,880 | 7,671 |
12CM GLOBAL PTE. LTD. [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 9,592 | |
Acquisition and disposition | (9,631) | |
Share of profit (loss) | 42 | |
Other comprehensive income (loss) | (3) | |
Joint ventures [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Beginning balance | 20,158 | 40,057 |
Acquisition and disposition | 40,468 | 4,838 |
Share of profit (loss) | (10,189) | (21,055) |
Other comprehensive income (loss) | (1,963) | (3,682) |
Other increase (decrease) | (66) | |
Ending balance | 48,408 | 20,158 |
Celcom Planet and others [member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Acquisition and disposition | ₩ 12,932 | |
Nextgen Broadcast Services Co LLC [Member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Acquisition and disposition | 8,160 | |
Share of profit (loss) | (144) | |
Other increase (decrease) | (55) | |
Ending balance | 7,961 | |
Nextgen Orchestration LLC [Member] | ||
Disclosure of investments in associates and joint ventures [Line Items] | ||
Acquisition and disposition | 1,748 | |
Share of profit (loss) | (91) | |
Other increase (decrease) | (11) | |
Ending balance | ₩ 1,646 |
Investments in Associates an_11
Investments in Associates and Joint Ventures - Details of the Changes in Investments in Associates and Joint Ventures Accounted for using the Equity Method (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of investments in associates and joint ventures [Line Items] | |||
Impairment losses for financial assets | ₩ 34,643 | ₩ 45,929 | ₩ 54,896 |
Purchase of investments in cash | 264,015 | ₩ 206,340 | ₩ 193,100 |
Hello Nature Ltd [member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Impairment losses for financial assets | 8,333 | ||
Carrot Co Ltd [Member] | |||
Disclosure of investments in associates and joint ventures [Line Items] | |||
Purchase of investments in cash | ₩ 6,800 |
Investments in Associates an_12
Investments in Associates and Joint Ventures - Details of Cumulative Unrecognized Equity Method Losses (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2019KRW (₩) | |
Disclosure of associates [Line Items] | |
Unrecognized loss (profit) | ₩ (6,922) |
Unrecognized loss (profit), cumulative loss | 15,022 |
Unrecognized change in equity | (503) |
Unrecognized change in equity, cumulative loss | (138) |
Wave City Development Co., Ltd. [member] | |
Disclosure of associates [Line Items] | |
Unrecognized loss (profit) | (2,164) |
Unrecognized loss (profit), cumulative loss | 4,370 |
Daehan Kanggun BcN Co., Ltd. and others [member] | |
Disclosure of associates [Line Items] | |
Unrecognized loss (profit) | (4,758) |
Unrecognized loss (profit), cumulative loss | 10,652 |
Unrecognized change in equity | (503) |
Unrecognized change in equity, cumulative loss | ₩ (138) |
Property and Equipment - Summar
Property and Equipment - Summary of Property and Equipment (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | ₩ 12,334,280 | ₩ 10,718,354 | ₩ 10,144,882 |
Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 41,621,103 | 38,336,722 | |
Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (29,247,905) | (27,586,791) | |
Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (38,918) | (31,577) | |
Land [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 981,389 | 938,344 | 862,861 |
Land [member] | Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 981,389 | 938,344 | |
Land [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 0 | ||
Land [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 0 | ||
Buildings and structures [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 867,408 | 863,294 | 882,650 |
Buildings and structures [member] | Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 1,715,619 | 1,670,486 | |
Buildings and structures [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (847,761) | (807,192) | |
Buildings and structures [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (450) | ||
Structures [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 347,069 | 356,039 | 378,575 |
Structures [member] | Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 910,049 | 883,032 | |
Structures [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (561,379) | (525,537) | |
Structures [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (1,601) | (1,456) | |
Machinery [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 7,941,211 | 7,146,724 | 7,079,798 |
Machinery [member] | Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 34,173,584 | 32,096,543 | |
Machinery [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (26,198,631) | (24,922,091) | |
Machinery [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (33,742) | (27,728) | |
Other property and equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 732,299 | 848,596 | 531,057 |
Other property and equipment [member] | Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 2,084,463 | 2,182,960 | |
Other property and equipment [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (1,349,039) | (1,331,971) | |
Other property and equipment [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (3,125) | (2,393) | |
Rights-of-use assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 709,396 | ||
Rights-of-use assets [member] | Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 1,000,491 | ||
Rights-of-use assets [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | (291,095) | ||
Construction in progress [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 755,508 | 565,357 | ₩ 409,941 |
Construction in progress [member] | Gross amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 755,508 | ₩ 565,357 | |
Construction in progress [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | 0 | ||
Construction in progress [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Property and equipment | ₩ 0 |
Property and Equipment - Change
Property and Equipment - Changes in Property and Equipment (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | ₩ 10,718,354 | ₩ 10,144,882 |
Impact of adopting K-IFRS No. 1109 | 653,336 | |
Acquisition | 4,428,991 | 2,941,813 |
Disposal | (261,395) | (97,279) |
Transfer | (202,702) | (224,117) |
Depreciation | (2,969,595) | (2,451,424) |
Impairment | (35,476) | (28,720) |
Business Combination | 2,864 | 436,278 |
Disposal of subsidiaries | (97) | (3,079) |
Ending balance | 12,334,280 | 10,718,354 |
Land [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 938,344 | 862,861 |
Acquisition | 3,297 | 4,734 |
Disposal | (275) | (7,151) |
Transfer | 39,454 | 15,062 |
Business Combination | 569 | 62,838 |
Ending balance | 981,389 | 938,344 |
Buildings and structures [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 863,294 | 882,650 |
Acquisition | 8,117 | 5,858 |
Disposal | (2,886) | (4,313) |
Transfer | 52,775 | 25,249 |
Depreciation | (54,100) | (52,153) |
Impairment | (450) | |
Business Combination | 658 | 6,003 |
Ending balance | 867,408 | 863,294 |
Structures [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 356,039 | 378,575 |
Acquisition | 18,246 | 9,188 |
Disposal | (48) | (36) |
Transfer | 10,582 | 5,859 |
Depreciation | (36,149) | (36,091) |
Impairment | (1,601) | (1,456) |
Ending balance | 347,069 | 356,039 |
Machinery [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 7,146,724 | 7,079,798 |
Acquisition | 821,576 | 806,520 |
Disposal | (25,791) | (74,465) |
Transfer | 2,351,614 | 1,347,320 |
Depreciation | (2,319,634) | (2,214,957) |
Impairment | (33,278) | (27,264) |
Business Combination | 229,772 | |
Ending balance | 7,941,211 | 7,146,724 |
Other property and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 848,596 | 531,057 |
Impact of adopting K-IFRS No. 1109 | (1,113) | |
Acquisition | 1,443,327 | 892,103 |
Disposal | (5,816) | (7,408) |
Transfer | (1,353,999) | (539,068) |
Depreciation | (199,106) | (148,223) |
Impairment | (147) | |
Business Combination | 557 | 123,214 |
Disposal of subsidiaries | (3,079) | |
Ending balance | 732,299 | 848,596 |
Right-of-use assets [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Impact of adopting K-IFRS No. 1109 | 654,449 | |
Acquisition | 618,811 | |
Disposal | (204,241) | |
Depreciation | (360,606) | |
Business Combination | 1,080 | |
Disposal of subsidiaries | (97) | |
Ending balance | 709,396 | |
Construction in progress [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 565,357 | 409,941 |
Acquisition | 1,515,617 | 1,223,410 |
Disposal | (22,338) | (3,906) |
Transfer | (1,303,128) | (1,078,539) |
Business Combination | 14,451 | |
Ending balance | ₩ 755,508 | ₩ 565,357 |
Property and Equipment - Summ_2
Property and Equipment - Summary of right-of-use assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | ₩ 709,396 | ₩ 654,449 |
Buildings Land and Structures [Member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | 584,523 | 512,698 |
Other assets [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Right-of-use assets | ₩ 124,873 | ₩ 141,751 |
Goodwill - Summary of Goodwill
Goodwill - Summary of Goodwill (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Oct. 01, 2018 | Dec. 31, 2017 |
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Goodwill | ₩ 2,949,530 | ₩ 2,938,563 | ₩ 1,915,017 | |
Shinsegi Telecom, Inc. [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Goodwill | 1,306,236 | 1,306,236 | ||
SK Broadband Co., Ltd. [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Goodwill | 358,443 | 358,443 | ||
Life and Security Holdings Co., Ltd. [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Goodwill | 1,155,037 | 1,155,037 | ₩ 1,155,037 | |
Other acquisitions [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Goodwill | ₩ 129,814 | ₩ 118,847 |
Goodwill - Additional Informati
Goodwill - Additional Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Accumulated impairment [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Impairment loss | ₩ 85,245 | ₩ 217,548 | ₩ 50,710 |
Shinsegi Telecom, Inc. [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Annual discount rate | 4.90% | ||
Annual growth rate | 0.60% | ||
SK Broadband Co., Ltd. [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Annual discount rate | 5.00% | ||
Annual growth rate | 1.00% | ||
Life and Security Holdings Co., Ltd. [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Annual discount rate | 7.31% | ||
Annual growth rate | 0.97% | ||
Recoverable amount exceeds its carrying amount | ₩ 11,276 | ||
Life and Security Holdings Co., Ltd. [member] | Forecast [Member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Annual discount rate | 7.29% | ||
Annual growth rate | 1.00% | ||
LIFE DESIGN COMPANY Inc. [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Annual discount rate | 10.10% | ||
Annual growth rate | 0.00% | ||
Impairment loss | ₩ 20,594 | ||
Incross Co Ltd [Member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Annual discount rate | 13.60% | ||
Annual growth rate | 0.00% | ||
Impairment loss | ₩ 471 |
Goodwill - Details of the Chang
Goodwill - Details of the Changes in Goodwill (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of reconciliation of changes in goodwill [abstract] | ||
Beginning balance | ₩ 2,938,563 | ₩ 1,915,017 |
Acquisition | 30,962 | 1,206,702 |
Disposal | 0 | (807) |
Impairment loss | (21,065) | (166,838) |
Other | 1,070 | (15,511) |
Ending balance | ₩ 2,949,530 | ₩ 2,938,563 |
Goodwill - Summary of estimated
Goodwill - Summary of estimated recoverable amount of the CGU (Detail) - Life and Security Holdings Co., Ltd. [member] | Dec. 31, 2019 |
Disclosure of information for cash-generating units [line items] | |
Annual discount rate | 7.31% |
Annual growth rate applied for the cash flows expected to be incurred after five years | 0.97% |
Intangible Assets - Summary of
Intangible Assets - Summary of Intangible Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | ₩ 4,866,092 | ₩ 5,513,510 | ₩ 3,586,965 |
Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 12,087,452 | 12,039,794 | |
Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (7,164,105) | (6,422,106) | |
Accumulated impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (57,255) | (104,178) | |
Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 2,647,501 | 3,139,978 | 2,176,940 |
Frequency usage rights [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 6,210,882 | 6,210,882 | |
Frequency usage rights [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (3,563,381) | (3,070,904) | |
Land usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 7,349 | 10,511 | 15,750 |
Land usage rights [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 53,265 | 65,974 | |
Land usage rights [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (45,916) | (55,463) | |
Industrial rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 66,824 | 83,627 | 111,347 |
Industrial rights [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 110,380 | 163,983 | |
Industrial rights [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (43,522) | (50,640) | |
Industrial rights [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (34) | (29,716) | |
Development costs [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 11,146 | 8,990 | 4,103 |
Development costs [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 63,840 | 54,941 | |
Development costs [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (50,127) | (44,304) | |
Development costs [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (2,567) | (1,647) | |
Facility usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 25,832 | 31,027 | 36,451 |
Facility usage rights [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 157,664 | 155,470 | |
Facility usage rights [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (131,832) | (124,443) | |
Customer relations [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 591,371 | 625,091 | 4,035 |
Customer relations [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 607,435 | 643,421 | |
Customer relations [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (16,064) | (18,330) | |
Club memberships [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 80,410 | 80,475 | 73,614 |
Club memberships [Member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 112,571 | 114,650 | |
Club memberships [Member] | Accumulated impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (32,161) | (34,175) | |
Brands [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 374,096 | 374,096 | 374,096 |
Brands [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 374,096 | 374,096 | |
Other [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 1,061,563 | 1,159,715 | ₩ 1,164,725 |
Other [member] | Gross amount [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | 4,397,319 | 4,256,377 | |
Other [member] | Accumulated depreciation and amortization [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | (3,313,263) | (3,058,022) | |
Other [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets | ₩ (22,493) | ₩ (38,640) |
Intangible Assets - Details of
Intangible Assets - Details of the Changes in Intangible Assets (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | ₩ 5,513,510 | ₩ 3,586,965 |
Impact of adopting K-IFRS No. 1116 | (2,274) | |
Acquisition | 145,335 | 1,516,107 |
Disposal | (9,102) | (14,910) |
Transfer | 212,621 | 283,401 |
Amortization | (966,246) | (832,915) |
Impairment | (9,394) | (60,281) |
Business combination | 7,236 | 1,035,143 |
Disposal of subsidiaries | (25,594) | |
Ending balance | 4,866,092 | 5,513,510 |
Frequency usage rights [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 3,139,978 | 2,176,940 |
Acquisition | 1,366,926 | |
Amortization | (492,477) | (403,888) |
Impairment | 0 | |
Ending balance | 2,647,501 | 3,139,978 |
Land usage rights [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 10,511 | 15,750 |
Acquisition | 2,017 | 2,918 |
Disposal | (442) | (1,142) |
Transfer | 406 | |
Amortization | (4,737) | (7,421) |
Ending balance | 7,349 | 10,511 |
Industrial rights [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 83,627 | 111,347 |
Acquisition | 1,409 | 6,694 |
Disposal | (1,540) | (1,598) |
Transfer | 2,491 | 5,254 |
Amortization | (4,696) | (7,418) |
Impairment | (30,748) | |
Business combination | 158 | 96 |
Disposal of subsidiaries | (14,625) | |
Ending balance | 66,824 | 83,627 |
Development costs [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 8,990 | 4,103 |
Acquisition | 2,218 | 4,250 |
Disposal | 0 | |
Transfer | 1,468 | (6) |
Amortization | (5,359) | (1,866) |
Impairment | (961) | (118) |
Business combination | 4,790 | 2,627 |
Ending balance | 11,146 | 8,990 |
Facility usage rights [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 31,027 | 36,451 |
Acquisition | 2,093 | 2,223 |
Disposal | (25) | (39) |
Transfer | 236 | 101 |
Amortization | (7,499) | (7,709) |
Ending balance | 25,832 | 31,027 |
Customer relations [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 625,091 | 4,035 |
Acquisition | 250 | 213 |
Disposal | (367) | |
Transfer | 304 | 149 |
Amortization | (33,907) | (9,541) |
Business combination | 630,235 | |
Ending balance | 591,371 | 625,091 |
Club memberships [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 80,475 | 73,614 |
Acquisition | 2,437 | 6,719 |
Disposal | (1,574) | (2,950) |
Transfer | (1,200) | (7) |
Impairment | (916) | (173) |
Business combination | 1,188 | 3,272 |
Ending balance | 80,410 | 80,475 |
Brands [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 374,096 | 374,096 |
Business combination | 374,096 | |
Ending balance | 374,096 | 374,096 |
Other [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 1,159,715 | 1,164,725 |
Impact of adopting K-IFRS No. 1116 | (2,274) | |
Acquisition | 134,911 | 126,164 |
Disposal | (5,154) | (9,181) |
Transfer | 209,322 | 277,504 |
Amortization | (417,571) | (395,072) |
Impairment | (7,517) | (29,242) |
Business combination | 1,100 | 24,817 |
Disposal of subsidiaries | (10,969) | |
Ending balance | ₩ 1,061,563 | ₩ 1,159,715 |
Intangible Assets - Details o_2
Intangible Assets - Details of the Changes in Intangible Assets (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about intangible assets [line items] | ||
Impairment loss | ₩ 9,394 | ₩ 60,281 |
Intangible Assets - Research an
Intangible Assets - Research and Development Expenditures Recognized as Expense (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about intangible assets [abstract] | |||
Research and development costs expensed as incurred | ₩ 391,327 | ₩ 387,675 | ₩ 395,276 |
Intangible Assets - Carrying Am
Intangible Assets - Carrying Amount and Residual Useful Lives of Frequency Usage Rights (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 4,866,092 | ₩ 5,513,510 | ₩ 3,586,965 |
Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 2,647,501 | ||
800MHz license [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Commencement of amortization | 2011-07 | ||
Completion of amortization | 2021-06 | ||
800MHz license [Member] | Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 60,816 | ||
Description | CDMA and LTE service | ||
1.8GHz license [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Commencement of amortization | 2013-09 | ||
Completion of amortization | 2021-12 | ||
1.8GHz license [Member] | Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 251,240 | ||
Description | LTE service | ||
2.6GHz license [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Commencement of amortization | 2016-09 | ||
Completion of amortization | 2026-12 | ||
2.6GHz license [Member] | Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 849,930 | ||
Description | LTE service | ||
2.1GHz license [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Commencement of amortization | 2016-12 | ||
Completion of amortization | 2021-12 | ||
2.1GHz license [Member] | Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 208,918 | ||
Description | W-CDMA and LTE service | ||
3.5GHz license [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Commencement of amortization | 2019-04 | ||
Completion of amortization | 2028-11 | ||
3.5GHz license [Member] | Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 1,073,914 | ||
Description | 5G service | ||
28GHz license [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Completion of amortization | 2023-11 | ||
28GHz license [Member] | Frequency usage rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Amount | ₩ 202,683 | ||
Description | 5G service |
Intangible Assets - Carrying _2
Intangible Assets - Carrying Amount and Residual Useful Lives of Frequency Usage Rights (Parenthetical) (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2018KRW (₩) | |
Frequency usage rights for 3 point 5GHz band [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Considerations payable for the bands of frequency | ₩ 1,218,500 |
Frequency usage rights for28 MHz band [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Considerations payable for the bands of frequency | ₩ 207,300 |
Borrowings and Debentures - Sho
Borrowings and Debentures - Short-term Borrowings (Detail) ₫ in Thousands, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019KRW (₩) | Dec. 31, 2019VND (₫) | Dec. 31, 2018KRW (₩) | |
Disclosure of detailed information about borrowings [line items] | |||
Short-term borrowings | ₩ 20,603 | ₩ 80,000 | |
3.19% short term borrowings from Shinhan Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Annual interest rate | 3.19% | 3.19% | |
Short-term borrowings | 30,000 | ||
2.27% short term borrowings from Shinhan Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Annual interest rate | 2.27% | 2.27% | |
Short-term borrowings | 30,000 | ||
1.60% short term borrowings from Shinhan Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Annual interest rate | 1.52% | 1.52% | |
Short-term borrowings | ₩ 15,000 | 15,000 | |
Borrowings, interest rate basis | 6M Financial I (bank) + 1.60 | ||
Borrowings, adjustment to interest rate basis | 1.60% | 1.60% | |
1.75% short term borrowings from KEB Hana Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Annual interest rate | 1.53% | 1.53% | |
Short-term borrowings | ₩ 5,000 | ₩ 5,000 | |
Borrowings, interest rate basis | 3M CD + 1.75 | ||
Borrowings, adjustment to interest rate basis | 1.75% | 1.75% | |
7.50% short term borrowings from Woori Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Annual interest rate | 7.50% | 7.50% | |
Short-term borrowings | ₩ 603 | ₫ 12,068,234 |
Borrowings and Debentures - S_2
Borrowings and Debentures - Short-term Borrowings (Parenthetical) (Detail) | Dec. 31, 2019 |
Short term Borrowings From Shinhan Bank [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Borrowings, interest rate | 1.52% |
Short term borrowings from KEB Hana Bank [member] | |
Disclosure of detailed information about borrowings [line items] | |
Borrowings, interest rate | 1.53% |
Borrowings and Debentures - Lon
Borrowings and Debentures - Long-term Borrowings (Detail) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2019KRW (₩) | Dec. 31, 2019USD ($) | Dec. 31, 2018KRW (₩) | Dec. 31, 2018USD ($) | |
Disclosure of detailed information about borrowings [line items] | ||||
Long-term borrowings | ₩ 2,022,537 | ₩ 2,104,996 | ||
Less current installments | (50,388) | (89,631) | ||
Long-term borrowings, excluding current installments | 1,972,149 | 2,015,365 | ||
Gross amount [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Long-term borrowings | ₩ 2,045,266 | 2,134,007 | ||
Gross amount [member] | KEB Hana bank longterm borrowings with3.51 percent interest due February 28 2019 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Annual interest rate (%) | 3.51% | 3.51% | ||
Maturity | Feb. 28, 2020 | |||
Long-term borrowings | 40,000 | |||
Gross amount [member] | Korea Development Bank longterm borrowings with 2.2 % interest due Jul. 30, 2019 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | Jul. 30, 2019 | |||
Long-term borrowings | 9,750 | |||
Borrowings, interest rate basis | 3M CD + 0.60 | |||
Borrowings, adjustment to interest rate basis | 0.60% | 0.60% | ||
Gross amount [member] | Korea Development Bank long term borrowings with 2.2 % interest due Jul. 30, 2019 two [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | Jul. 30, 2019 | |||
Long-term borrowings | 2,500 | |||
Borrowings, interest rate basis | 3M CD + 0.60 | |||
Borrowings, adjustment to interest rate basis | 0.60% | 0.60% | ||
Gross amount [member] | Korea Development Bank long-term borrowings with 2.32% interest due December 20, 2021 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | Dec. 20, 2021 | |||
Long-term borrowings | ₩ 24,500 | 36,750 | ||
Borrowings, interest rate basis | 3M CD + 0.61 | |||
Borrowings, adjustment to interest rate basis | 0.61% | 0.61% | ||
Gross amount [member] | Korea Development Bank long term borrowings with 2.78 % interest due Dec. 21, 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | Dec. 21, 2022 | |||
Long-term borrowings | ₩ 37,500 | 50,000 | ||
Borrowings, interest rate basis | 3M CD + 0.71 | |||
Borrowings, adjustment to interest rate basis | 0.71% | 0.71% | ||
Gross amount [member] | Credit Agricole CIB [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | Dec. 14, 2023 | |||
Long-term borrowings | ₩ 50,000 | 50,000 | ||
Borrowings, interest rate basis | 3M CD + 0.82 | |||
Borrowings, adjustment to interest rate basis | 0.82% | 0.82% | ||
Gross amount [member] | Shinhan Bank and others long term borrowings with 4.21% due September 30 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Annual interest rate (%) | 4.21% | 4.21% | ||
Maturity | Sept. 30, 2023 | |||
Long-term borrowings | ₩ 1,750,000 | 1,750,000 | ||
Gross amount [member] | Shinhan bank and others longterm borrowings with 7.20% due September 30 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Annual interest rate (%) | 7.20% | 7.20% | ||
Maturity | Sept. 30, 2023 | |||
Long-term borrowings | ₩ 150,000 | 150,000 | ||
Gross amount [member] | Export Kreditnamnden long-term borrowings with 1.70% interest due April 29, 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Annual interest rate (%) | 1.70% | 1.70% | ||
Maturity | Apr. 29, 2022 | |||
Long-term borrowings | ₩ 33,266 | $ 28,732 | 45,007 | $ 40,253 |
Present value discount [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Long-term borrowings | ₩ (22,729) | ₩ (29,011) |
Borrowings and Debentures - L_2
Borrowings and Debentures - Long-term Borrowings (Parenthetical) (Detail) | Dec. 31, 2019 |
Long term borrowings from KEB Hana Bank [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Borrowings, interest rate | 1.53% |
Borrowings and Debentures - Deb
Borrowings and Debentures - Debentures (Detail) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2019KRW (₩) | Dec. 31, 2019USD ($) | Dec. 31, 2018KRW (₩) | Dec. 31, 2018USD ($) | |
Disclosure of detailed information about borrowings [line items] | ||||
Debentures | ₩ 8,220,833 | ₩ 7,466,852 | ||
Less current installments of bonds | (966,939) | (894,641) | ||
Debentures, excluding current installments, net | 7,253,894 | 6,572,211 | ||
Gross amount [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Debentures | ₩ 8,249,214 | $ 300,000 | 7,494,442 | |
Gross amount [member] | Unsecured private bonds with 4.22% interest due 2021 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 4.22% | 4.22% | ||
Debentures | ₩ 190,000 | 190,000 | ||
Gross amount [member] | Unsecured private bonds with 3.24% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 3.24% | 3.24% | ||
Debentures | 170,000 | |||
Gross amount [member] | Unsecured private bonds with 3.30% interest due 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 3.30% | 3.30% | ||
Debentures | ₩ 140,000 | 140,000 | ||
Gross amount [member] | Unsecured private bonds with 3.45% interest due 2032 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2032 | |||
Annual interest rate (%) | 3.45% | 3.45% | ||
Debentures | ₩ 90,000 | 90,000 | ||
Gross amount [member] | Unsecured private bonds with 3.03% interest due 2023 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Annual interest rate (%) | 3.03% | 3.03% | ||
Debentures | ₩ 230,000 | 230,000 | ||
Gross amount [member] | Unsecured private bonds with 3.22% interest due 2033 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2033 | |||
Annual interest rate (%) | 3.22% | 3.22% | ||
Debentures | ₩ 130,000 | 130,000 | ||
Gross amount [member] | Unsecured private bonds with 3.30% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 3.30% | 3.30% | ||
Debentures | 50,000 | |||
Gross amount [member] | Unsecured private bonds with 3.64% interest due 2024 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2024 | |||
Annual interest rate (%) | 3.64% | 3.64% | ||
Debentures | ₩ 150,000 | 150,000 | ||
Gross amount [member] | Unsecured private bonds with 4.72% interest due 2029 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2029 | |||
Annual interest rate (%) | 4.72% | 4.72% | ||
Debentures | 61,813 | |||
Gross amount [member] | Unsecured private bonds with 2.53% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 2.53% | 2.53% | ||
Debentures | 160,000 | |||
Gross amount [member] | Unsecured private bonds with 2.66% interest due 2021 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 2.66% | 2.66% | ||
Debentures | ₩ 150,000 | 150,000 | ||
Gross amount [member] | Unsecured private bonds with 2.82% interest due 2024 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2024 | |||
Annual interest rate (%) | 2.82% | 2.82% | ||
Debentures | ₩ 190,000 | 190,000 | ||
Gross amount [member] | Unsecured private bonds with 2.40% interest due 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 2.40% | 2.40% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured private bonds with 2.49% interest due 2025 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2025 | |||
Annual interest rate (%) | 2.49% | 2.49% | ||
Debentures | ₩ 150,000 | 150,000 | ||
Gross amount [member] | Unsecured private bonds with 2.61% interest due 2030 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2030 | |||
Annual interest rate (%) | 2.61% | 2.61% | ||
Debentures | ₩ 50,000 | 50,000 | ||
Gross amount [member] | Unsecured private bonds with 2.66% interest due 2025 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2025 | |||
Annual interest rate (%) | 2.66% | 2.66% | ||
Debentures | ₩ 70,000 | 70,000 | ||
Gross amount [member] | Unsecured private bonds with 2.82% interest due 2030 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2030 | |||
Annual interest rate (%) | 2.82% | 2.82% | ||
Debentures | ₩ 90,000 | 90,000 | ||
Gross amount [member] | Unsecured private bonds with 2.55% interest due 2025 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2025 | |||
Annual interest rate (%) | 2.55% | 2.55% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured private bonds with 2.75% interest due 2035 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2035 | |||
Annual interest rate (%) | 2.75% | 2.75% | ||
Debentures | ₩ 70,000 | 70,000 | ||
Gross amount [member] | Unsecured private bonds with 1.65% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 1.65% | 1.65% | ||
Debentures | 70,000 | |||
Gross amount [member] | Unsecured private bonds with 1.80% interest due 2021 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 1.80% | 1.80% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured private bonds with 2.08% interest due 2026 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2026 | |||
Annual interest rate (%) | 2.08% | 2.08% | ||
Debentures | ₩ 90,000 | 90,000 | ||
Gross amount [member] | Unsecured private bonds with 2.24% interest due 2036 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2036 | |||
Annual interest rate (%) | 2.24% | 2.24% | ||
Debentures | ₩ 80,000 | 80,000 | ||
Gross amount [member] | Unsecured private bonds with 1.62% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 1.62% | 1.62% | ||
Debentures | 50,000 | |||
Gross amount [member] | Unsecured private bonds with 1.71% interest due 2021 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 1.71% | 1.71% | ||
Debentures | ₩ 50,000 | 50,000 | ||
Gross amount [member] | Unsecured private bonds with 1.97% interest due 2026 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2026 | |||
Annual interest rate (%) | 1.97% | 1.97% | ||
Debentures | ₩ 120,000 | 120,000 | ||
Gross amount [member] | Unsecured private bonds with 2.17% interest due 2031 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2031 | |||
Annual interest rate (%) | 2.17% | 2.17% | ||
Debentures | ₩ 50,000 | 50,000 | ||
Gross amount [member] | Unsecured corporate bonds with 1.93% interest due 2020 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2020 | |||
Annual interest rate (%) | 1.93% | 1.93% | ||
Debentures | ₩ 60,000 | 60,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.17% interest due 2022.[member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 2.17% | 2.17% | ||
Debentures | ₩ 120,000 | 120,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.55% interest due 2027 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2027 | |||
Annual interest rate (%) | 2.55% | 2.55% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.65% interest due 2032 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2032 | |||
Annual interest rate (%) | 2.65% | 2.65% | ||
Debentures | ₩ 90,000 | 90,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.39% interest due 2020 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2020 | |||
Annual interest rate (%) | 2.39% | 2.39% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.63% interest due 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 2.63% | 2.63% | ||
Debentures | ₩ 80,000 | 80,000 | ||
Gross amount [member] | Unsecured private bonds with 2.84% interest due 2027 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2027 | |||
Annual interest rate (%) | 2.84% | 2.84% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.57% interest due 2021 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 2.57% | 2.57% | ||
Debentures | ₩ 110,000 | 110,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.81% interest due 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Annual interest rate (%) | 2.81% | 2.81% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured corporate bonds with 3 % interest due 2028 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2028 | |||
Annual interest rate (%) | 3.00% | 3.00% | ||
Debentures | ₩ 200,000 | 200,000 | ||
Gross amount [member] | Unsecured corporate bonds with 3.2% interest due 2038 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2038 | |||
Annual interest rate (%) | 3.02% | 3.02% | ||
Debentures | ₩ 90,000 | 90,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.1% interest due 2021 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 2.10% | 2.10% | ||
Debentures | ₩ 100,000 | 100,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.33% interest due 2023 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Annual interest rate (%) | 2.33% | 2.33% | ||
Debentures | ₩ 150,000 | 150,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.44% interest due 2038 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2038 | |||
Annual interest rate (%) | 2.44% | 2.44% | ||
Debentures | ₩ 50,000 | 50,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.03% interest due 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 2.03% | 2.03% | ||
Debentures | ₩ 180,000 | |||
Gross amount [member] | Unsecured corporate bonds with 2.09% interest due 2024 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2024 | |||
Annual interest rate (%) | 2.09% | 2.09% | ||
Debentures | ₩ 120,000 | |||
Gross amount [member] | Unsecured corporate bonds with 2.19% interest due 2029 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2029 | |||
Annual interest rate (%) | 2.19% | 2.19% | ||
Debentures | ₩ 50,000 | |||
Gross amount [member] | Unsecured corporate bonds with 2.23% interest due 2039 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2039 | |||
Annual interest rate (%) | 2.23% | 2.23% | ||
Debentures | ₩ 50,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.40% interest due 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 1.40% | 1.40% | ||
Debentures | ₩ 120,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.49% interest due 2024 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2024 | |||
Annual interest rate (%) | 1.49% | 1.49% | ||
Debentures | ₩ 60,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.50% interest due 2029 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2029 | |||
Annual interest rate (%) | 1.50% | 1.50% | ||
Debentures | ₩ 120,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.52% interest due 2039 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2039 | |||
Annual interest rate (%) | 1.52% | 1.52% | ||
Debentures | ₩ 50,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.56% interest due 2049 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2049 | |||
Annual interest rate (%) | 1.56% | 1.56% | ||
Debentures | ₩ 50,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.69% interest due 2022 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 1.69% | 1.69% | ||
Debentures | ₩ 230,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.76% interest due 2024 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2024 | |||
Annual interest rate (%) | 1.76% | 1.76% | ||
Debentures | ₩ 70,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.79% interest due 2029 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2029 | |||
Annual interest rate (%) | 1.79% | 1.79% | ||
Debentures | ₩ 40,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.81% interest due 2039 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2039 | |||
Annual interest rate (%) | 1.81% | 1.81% | ||
Debentures | ₩ 60,000 | |||
Gross amount [member] | Unsecured corporate bonds with 3.49% interest due 2019 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 3.49% | 3.49% | ||
Debentures | 210,000 | |||
Gross amount [member] | Unsecured corporate bonds with 2.76% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 2.76% | 2.76% | ||
Debentures | 130,000 | |||
Gross amount [member] | Unsecured corporate bonds with 2.49% interest due 2020 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2020 | |||
Annual interest rate (%) | 2.49% | 2.49% | ||
Debentures | ₩ 160,000 | 160,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.43% interest due 2020 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2020 | |||
Annual interest rate (%) | 2.43% | 2.43% | ||
Debentures | ₩ 140,000 | 140,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.18% interest due 2020 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2020 | |||
Annual interest rate (%) | 2.18% | 2.18% | ||
Debentures | ₩ 130,000 | 130,000 | ||
Gross amount [member] | Unsecured corporate bonds with 1.58% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 1.58% | 1.58% | ||
Debentures | 50,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.77% interest due 2021 | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 1.77% | 1.77% | ||
Debentures | ₩ 120,000 | 120,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.26% interest due 2022 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 2.26% | 2.26% | ||
Debentures | ₩ 150,000 | 150,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.34% interest due 2020 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2020 | |||
Annual interest rate (%) | 2.34% | 2.34% | ||
Debentures | ₩ 30,000 | 30,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.70% interest due 2022 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 2.70% | 2.70% | ||
Debentures | ₩ 140,000 | 140,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.59% interest due 2021 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2021 | |||
Annual interest rate (%) | 2.59% | 2.59% | ||
Debentures | ₩ 70,000 | 70,000 | ||
Gross amount [member] | Unsecured corporate bonds with two point nine three percent interest due 2023 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Annual interest rate (%) | 2.93% | 2.93% | ||
Debentures | ₩ 80,000 | 80,000 | ||
Gross amount [member] | Unsecured corporate bonds with 2.00% interest due 2022 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 2.00% | 2.00% | ||
Debentures | ₩ 50,000 | |||
Gross amount [member] | Unsecured corporate bonds with 2.9% interest due 2024 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2024 | |||
Annual interest rate (%) | 2.09% | 2.09% | ||
Debentures | ₩ 160,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.71% interest due 2022 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2022 | |||
Annual interest rate (%) | 1.71% | 1.71% | ||
Debentures | ₩ 80,000 | |||
Gross amount [member] | Unsecured corporate bonds with one point seven one percent interest due 2024 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2024 | |||
Annual interest rate (%) | 1.71% | 1.71% | ||
Debentures | ₩ 100,000 | |||
Gross amount [member] | Unsecured corporate bonds with 1.86% interest due 2026 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2026 | |||
Annual interest rate (%) | 1.86% | 1.86% | ||
Debentures | ₩ 50,000 | |||
Gross amount [member] | Convertible bonds with 1.00% interest due 2019 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2019 | |||
Annual interest rate (%) | 1.00% | 1.00% | ||
Debentures | 5,479 | |||
Gross amount [member] | Private placement corporate bonds 2023 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Debentures | ₩ 6,292 | |||
Gross amount [member] | Private placement corporate bonds 2023 two | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Debentures | ₩ 6,222 | |||
Gross amount [member] | Unsecured global bonds with 6.63% interest due 2027 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2027 | |||
Annual interest rate (%) | 6.63% | 6.63% | ||
Debentures | ₩ 463,120 | $ 400,000 | 447,240 | $ 400,000 |
Gross amount [member] | Unsecured global bonds with 3.75% interest due 2023 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Annual interest rate (%) | 3.75% | 3.75% | ||
Debentures | ₩ 578,900 | $ 500,000 | 559,050 | 500,000 |
Gross amount [member] | Unsecured global bonds with 3.88% interest due 2023 [Member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2023 | |||
Annual interest rate (%) | 3.88% | 3.88% | ||
Debentures | ₩ 347,340 | $ 300,000 | 335,430 | 300,000 |
Gross amount [member] | Floating rate notes with LIBOR rate 3M + 0.88% interest due 2020 [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Maturity | 2020 | |||
Annual interest rate (%) | 0.88% | 0.88% | ||
Annual interest rate description | LIBOR rate 3M | |||
Debentures | ₩ 347,340 | 335,430 | $ 300,000 | |
Discounts on bonds [member] | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Debentures | ₩ (28,381) | ₩ (27,590) |
Borrowings and Debentures - D_2
Borrowings and Debentures - Debentures (Parenthetical) (Detail) | Dec. 31, 2019 |
3M LIBOR [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Annual interest rate (%) | 1.91% |
Long-term Payables Other - Summ
Long-term Payables Other - Summary of Long-term Payables - Other (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Trade and other non-current payables [abstract] | ||
Payables related to acquisition of frequency usage rights | ₩ 1,544,699 | ₩ 1,939,082 |
Other | 5,468 | 29,702 |
Other non current payables | ₩ 1,550,167 | ₩ 1,968,784 |
Long-term Payables Other - Deta
Long-term Payables Other - Details of Long-term Payables - Other, Which Consist of Payables Related to the Acquisition of Frequency Usage Rights (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | ||
Current installments of long-term payables - other | ₩ (423,839) | ₩ (423,884) |
Carrying amount at December 31 | 1,544,699 | 1,939,082 |
Gross amount [member] | ||
Disclosure of financial liabilities [line items] | ||
Long-term payables-other | 2,051,389 | 2,476,738 |
Present value discount [Member] | ||
Disclosure of financial liabilities [line items] | ||
Long-term payables-other | ₩ (82,851) | ₩ (113,772) |
Long-term Payables Other - Addi
Long-term Payables Other - Additional Information (Detail) - Gross amount [member] - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | ||
Payables related to acquisition of frequency usage rights | ₩ 2,051,389 | ₩ 2,476,738 |
Less than 1 year [member] | ||
Disclosure of financial liabilities [line items] | ||
Payables related to acquisition of frequency usage rights | ₩ 425,349 |
Long-term Payables Other - Repa
Long-term Payables Other - Repayment Schedule of the Principal Amount of Long-term Payables - Other Related to Acquisition of Frequency Usage Rights (Detail) - Gross amount [member] - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | ||
Payables related to acquisition of frequency usage rights | ₩ 2,051,389 | ₩ 2,476,738 |
Less than 1 year [member] | ||
Disclosure of financial liabilities [line items] | ||
Payables related to acquisition of frequency usage rights | 425,349 | |
1 - 3 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Payables related to acquisition of frequency usage rights | 647,589 | |
3 - 5 years [Member] | ||
Disclosure of financial liabilities [line items] | ||
Payables related to acquisition of frequency usage rights | 413,385 | |
More than 5 years [member] | ||
Disclosure of financial liabilities [line items] | ||
Payables related to acquisition of frequency usage rights | ₩ 565,066 |
Provisions - Changes in Provisi
Provisions - Changes in Provisions (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of other provisions [line items] | ||
Beginning balance | ₩ 187,208 | ₩ 84,726 |
Increase | 20,457 | 119,540 |
Utilization | (49,755) | (19,373) |
Reversal | (2,806) | (7,142) |
Other | (11,915) | 2 |
Business Combination | 40 | 9,670 |
Ending balance | 143,229 | 187,208 |
Current | 89,446 | 87,993 |
Non-current | 53,783 | 99,215 |
Increase (decrease) due to application of IFRS 15 [member] | ||
Disclosure of other provisions [line items] | ||
Impact of adopting IFRS 15 | (215) | |
Provision for installment of handset subsidy [Member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 3,874 | |
Increase | 7,811 | |
Utilization | (1,075) | |
Reversal | (2,799) | |
Provision for restoration [Member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 77,741 | 73,267 |
Increase | 6,684 | |
Utilization | (3,409) | (1,788) |
Reversal | (1,711) | (765) |
Other | 115 | 2 |
Business Combination | 40 | 341 |
Ending balance | 80,587 | 77,741 |
Current | 51,517 | 47,293 |
Non-current | 29,070 | 30,448 |
Emission allowance [Member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 2,238 | 4,650 |
Increase | 5,037 | 2,228 |
Utilization | (1,086) | (1,334) |
Reversal | (932) | (3,306) |
Ending balance | 5,257 | 2,238 |
Current | 5,257 | 2,238 |
Other provisions [Member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 107,229 | 2,935 |
Increase | 7,609 | 110,628 |
Utilization | (45,260) | (15,176) |
Reversal | (163) | (272) |
Other | (12,030) | |
Business Combination | 9,329 | |
Ending balance | 57,385 | 107,229 |
Current | 32,672 | 38,462 |
Non-current | ₩ 24,713 | 68,767 |
Other provisions [Member] | Increase (decrease) due to application of IFRS 15 [member] | ||
Disclosure of other provisions [line items] | ||
Impact of adopting IFRS 15 | ₩ (215) |
Provisions - Changes in Provi_2
Provisions - Changes in Provisions (Parenthetical) (Detail) - Legal proceedings provision [member] - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of other provisions [line items] | ||
Current provisions | ₩ 32,104 | ₩ 36,844 |
Non-current provisions | ₩ 18,018 | ₩ 57,310 |
Defined Benefit Liabilities (_3
Defined Benefit Liabilities (Assets) - Details of Defined Benefit Liabilities (Assets) (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of defined benefit plans [abstract] | ||
Present value of defined benefit obligations | ₩ 1,136,787 | ₩ 926,302 |
Fair value of plan assets | (965,654) | (816,699) |
Defined benefit assets | (1,125) | (31,926) |
Defined benefit liabilities | ₩ 172,258 | ₩ 141,529 |
Defined Benefit Liabilities (_4
Defined Benefit Liabilities (Assets) - Principal Actuarial Assumptions (Detail) | Dec. 31, 2019 | Dec. 31, 2018 |
Bottom of range [member] | ||
Disclosure of defined benefit plans [line items] | ||
Discount rate for defined benefit obligations | 1.77% | 2.24% |
Expected rate of salary increase | 1.53% | 3.42% |
Top of range [member] | ||
Disclosure of defined benefit plans [line items] | ||
Discount rate for defined benefit obligations | 3.04% | 3.07% |
Expected rate of salary increase | 6.00% | 5.61% |
Defined Benefit Liabilities (_5
Defined Benefit Liabilities (Assets) - Changes in Defined Benefit Obligations (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of defined benefit plans [line items] | |||
Current service cost | ₩ 171,197 | ₩ 143,725 | ₩ 125,526 |
Interest cost | 3,968 | 3,997 | 2,170 |
Retirement benefit obligation [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Beginning balance | 926,302 | 679,625 | |
Current service cost | 171,197 | 143,725 | |
Interest cost | 23,685 | 23,131 | |
Remeasurement | |||
- Demographic assumption | 19,344 | (1,929) | |
- Financial assumption | 56,265 | 30,519 | |
- Adjustment based on experience | 14,363 | 16,085 | |
Benefit paid | (84,098) | (63,957) | |
Business combinations | 3,653 | 104,251 | |
Others | 6,076 | (5,148) | |
Ending balance | ₩ 1,136,787 | ₩ 926,302 | ₩ 679,625 |
Defined Benefit Liabilities (_6
Defined Benefit Liabilities (Assets) - Changes in Plan Assets (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of fair value of plan assets [line items] | |||
Interest income | ₩ (3,968) | ₩ (3,997) | ₩ (2,170) |
Plan assets [member] | |||
Disclosure of fair value of plan assets [line items] | |||
Beginning balance | 816,699 | 663,617 | |
Interest income | 19,717 | 19,134 | |
Remeasurement | (5,366) | (7,659) | |
Contributions | 204,186 | 166,624 | |
Benefit paid | (73,396) | (43,549) | |
Business combinations | 3,207 | 21,417 | |
Others | 607 | (2,885) | |
Ending balance | ₩ 965,654 | ₩ 816,699 | ₩ 663,617 |
Defined Benefit Liabilities (_7
Defined Benefit Liabilities (Assets) - Additional Information (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2019KRW (₩) | |
Disclosure of defined benefit plans [abstract] | |
Expected contributions in 2020 | ₩ 180,461 |
Weighted average durations of defined benefit obligations | 9 years 6 months 7 days |
Defined Benefit Liabilities (_8
Defined Benefit Liabilities (Assets) - Total Amount of Expenses Recognized in Profit and Loss (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of defined benefit plans [abstract] | |||
Current service cost | ₩ 171,197 | ₩ 143,725 | ₩ 125,526 |
Net interest cost | 3,968 | 3,997 | 2,170 |
Total amount of expenses recognized in profit and loss | ₩ 175,165 | ₩ 147,722 | ₩ 127,696 |
Defined Benefit Liabilities (_9
Defined Benefit Liabilities (Assets) - Details of Plan Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of defined benefit plans [abstract] | ||
Equity instruments | ₩ 29,489 | ₩ 60,828 |
Debt instruments | 207,504 | 144,272 |
Short-term financial instruments, etc. | 728,661 | 611,599 |
Fair value of plan assets | ₩ 965,654 | ₩ 816,699 |
Defined Benefit Liabilities _10
Defined Benefit Liabilities (Assets) - Effects on Defined Benefit Obligations if Each of Significant Actuarial Assumptions Changes Within Expectable and Reasonable Range (Detail) ₩ in Millions | Dec. 31, 2019KRW (₩) |
Discount rate [Member] | |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |
Increase in defined benefit obligations | ₩ (47,013) |
Increase in assumption | 0.50% |
Decrease in defined benefit obligations | ₩ 54,248 |
Decrease in assumption | 0.50% |
Expected salary increase rate [Member] | |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |
Increase in defined benefit obligations | ₩ 53,864 |
Increase in assumption | 0.50% |
Decrease in defined benefit obligations | ₩ (47,325) |
Decrease in assumption | 0.50% |
Derivative Instruments - Curren
Derivative Instruments - Currency and Interest Rate Swap Contracts under Cash Flow Hedge Accounting (Detail) | 12 Months Ended |
Dec. 31, 2019 | |
Fixed-to-fixed cross currency swap, Jul. 20, 2007 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Jul. 20, 2007 |
Hedging Instrument(Hedged item) | Fixed-to-fixed cross currency swap (U.S. dollar denominated bonds face value of USD 400,000) |
Hedged risk | Foreign currency risk |
Financial institution | Morgan Stanley and four other banks |
Duration of contract | Jul. 20, 2007 ~ Jul. 20, 2027 |
Floating-to-fixed cross currency interest rate swap, Mar. 7, 2013 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Mar. 7, 2013 |
Hedging Instrument(Hedged item) | Floating-to-fixed cross currency interest rate swap (U.S. dollar denominated bonds face value of USD 300,000) |
Hedged risk | Foreign currency risk and interest rate risk |
Financial institution | DBS bank |
Duration of contract | Mar. 7, 2013 ~ Mar. 7, 2020 |
Fixed-to-fixed cross currency swap, Dec.16, 2013 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Dec. 16, 2013 |
Hedging Instrument(Hedged item) | Fixed-to-fixed cross currency swap (U.S. dollar borrowing amounting to USD 28,732 |
Hedged risk | Foreign currency risk |
Financial institution | Deutsche bank |
Duration of contract | Dec. 16, 2013 ~ Apr. 29, 2022 |
Fixed-to-fixed cross currency swap, Apr. 16, 2018 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Apr. 16, 2018 |
Hedging Instrument(Hedged item) | Fixed-to-fixed cross currency swap (U.S. dollar denominated bonds face value of USD 500,000) |
Hedged risk | Foreign currency risk |
Financial institution | The Export-Import Bank of Korea and three other banks |
Duration of contract | Apr. 16, 2018 ~ Apr. 16, 2023 |
Fixed-to-fixed cross currency swap, Aug. 13, 2018 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Aug. 13, 2018 |
Hedging Instrument(Hedged item) | Fixed-to-fixed cross currency swap (U.S. dollar denominated bonds face value of USD 300,000) |
Hedged risk | Foreign currency risk |
Financial institution | Citibank |
Duration of contract | Aug. 13, 2018 ~ Aug. 13, 2023 |
Floating-to-fixed interest rate swap, Dec. 20, 2016 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Dec. 20, 2016 |
Hedging Instrument(Hedged item) | Floating-to-fixed interest rate swap (Korean won borrowing amounting to KRW 24,500) |
Hedged risk | Interest rate risk |
Financial institution | Korea Development Bank |
Duration of contract | Dec. 20, 2016 ~ Dec. 20, 2021 |
Floating-to-fixed interest rate swap, Dec. 21, 2017 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Dec. 21, 2017 |
Hedging Instrument(Hedged item) | Floating-to-fixed interest rate swap (Korean won borrowing amounting to KRW 37,500) |
Hedged risk | Interest rate risk |
Financial institution | Korea Development Bank |
Duration of contract | Dec. 21, 2017~ Dec. 21, 2022 |
Floating-to-fixed interest rate swap, Dec. 19, 2018 [member] | |
Disclosure of detailed information about hedging instruments [line items] | |
Borrowing date | Dec. 19, 2018 |
Hedging Instrument(Hedged item) | Floating-to-fixed interest rate swap (Korean won borrowing amounting to KRW 50,000) |
Hedged risk | Interest rate risk |
Financial institution | Credit Agricole CIB |
Duration of contract | Mar. 19, 2019~ Dec. 14, 2023 |
Derivative Instruments - Curr_2
Derivative Instruments - Currency and Interest Rate Swap Contracts under Cash Flow Hedge Accounting (Parenthetical) (Detail) $ in Thousands, ₩ in Millions | Dec. 31, 2019KRW (₩) | Dec. 31, 2019USD ($) | Dec. 31, 2018KRW (₩) | Dec. 31, 2017KRW (₩) |
Total return swaps [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Lease contract amount | ₩ | ₩ 200,000 | ₩ 70,000 | ||
Fixed-to-fixed cross currency swap, Jul. 20, 2007 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | $ | $ 400,000 | |||
Floating-to-fixed cross currency interest rate swap, Mar. 7, 2013 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | ₩ 24,500 | 300,000 | ||
Fixed-to-fixed cross currency swap, Dec.16, 2013 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | 37,500 | 28,732 | ||
Fixed-to-fixed cross currency swap, Apr. 16, 2018 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | $ | 500,000 | |||
Fixed-to-fixed cross currency swap, Aug. 13, 2018 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | $ | 300,000 | |||
Floating-to-fixed interest rate swap, Dec. 20, 2016 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | 24,500 | $ 500,000 | ||
Floating-to-fixed interest rate swap, Dec. 21, 2017 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | ₩ | 37,500 | |||
Floating-to-fixed interest rate swap, Dec. 19, 2018 [member] | ||||
Disclosure of detailed information about hedging instruments [line items] | ||||
Bonds face value | ₩ | ₩ 50,000 |
Derivative Instruments - Detail
Derivative Instruments - Details of Fair Values of the Above Derivatives Recorded in Assets or Liabilities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about hedged items [line items] | ||
Short-term derivative financial assets | ₩ 26,253 | ₩ 13 |
Long-term derivative financial assets | 124,707 | 55,444 |
Long-term derivative financial liabilities | (1,043) | (4,184) |
Derivative financial liabilities | (1,043) | ₩ (4,184) |
Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Others | 6,074 | |
Derivative financial liabilities | (1,043) | |
Fixed-to-fixed cross currency swap, Jul. 20, 2007 [member] | Cash flow hedge [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial assets | 43,851 | |
Fixed-to-fixed cross currency swap, Jul. 20, 2007 [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial assets | 43,851 | |
Floating-to-fixed interest rate swap [member] | Cash flow hedge [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial liabilities | (85) | |
Floating-to-fixed interest rate swap [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial liabilities | (85) | |
Floating-to-fixed interest rate swap [member] | Cash flow hedge [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial liabilities | (424) | |
Floating-to-fixed interest rate swap [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial liabilities | (424) | |
Floating-to-fixed interest rate swap [member] | Cash flow hedge [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial liabilities | (534) | |
Floating-to-fixed interest rate swap [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial liabilities | (534) | |
Fixed-to-fixed cross currency swap, Jul. 20, 2007 [member] | Cash flow hedge [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial assets | 55,350 | |
Fixed-to-fixed cross currency swap, Jul. 20, 2007 [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial assets | 55,350 | |
Fixed to fixed long term borrowings [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial liabilities | 150,960 | |
Fixed-to-fixed cross currency swap, Aug. 13, 2018 [member] | Cash flow hedge [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial assets | 18,635 | |
Fixed-to-fixed cross currency swap, Aug. 13, 2018 [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Long-term derivative financial assets | 18,635 | |
Fixed-to-fixed cross currency swap, Apr. 16, 2018 [member] | Cash flow hedge [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Short-term derivative financial assets | 797 | |
Fixed-to-fixed cross currency swap, Apr. 16, 2018 [member] | Fair value [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Short-term derivative financial assets | 797 | |
Held for trading [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Others | ₩ 6,074 |
Derivative Instruments - Deta_2
Derivative Instruments - Details of Fair Values of the Above Derivatives Recorded in Assets or Liabilities (Parenthetical) (Detail) - Dec. 31, 2019 $ in Thousands, ₩ in Millions | KRW (₩) | USD ($) |
Structured bonds [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Bonds face value | $ 300,000 | |
Fixed-to-fixed cross currency swap, Jul. 20, 2007 [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Bonds face value | 400,000 | |
Floating-to-fixed interest rate swap, Dec. 20, 2016 [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Bonds face value | ₩ 24,500 | 500,000 |
Fixed-to-fixed cross currency swap, Dec. 16, 2013 [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Bonds face value | 300,000 | |
Floating-to-fixed cross currency interest rate swap, Mar. 7, 2013 [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Bonds face value | 24,500 | 300,000 |
Fixed-to-fixed cross currency swap, Dec.16, 2013 [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Bonds face value | 37,500 | $ 28,732 |
Floating-to-fixed interest rate swap, Jan. 30, 2017 [member] | ||
Disclosure of detailed information about hedged items [line items] | ||
Bonds face value | ₩ | ₩ 50,000 |
Share Capital and Capital Sur_3
Share Capital and Capital Surplus and Others - Additional Information (Detail) | Dec. 31, 2019₩ / shares |
Disclosure of classes of share capital [abstract] | |
Common shares, par value | ₩ 500 |
Share Capital and Capital Sur_4
Share Capital and Capital Surplus and Others - Number of Authorized, Issued and Outstanding Common Shares and the Details of Capital Surplus (Deficit) and Others (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of classes of share capital [abstract] | |||
Number of authorized shares | 220,000,000 | 220,000,000 | |
Number of issued shares | 80,745,711 | 80,745,711 | 80,745,711 |
Share capital: | |||
Common share | ₩ 44,639 | ₩ 44,639 | |
Capital surplus and others: | |||
Paid-in surplus | 2,915,887 | 2,915,887 | |
Treasury shares (note 23) | (1,696,997) | (1,979,475) | |
Share option (note 25) | 1,302 | 1,007 | |
Others | (612,470) | (681,094) | |
Capital Surplus | ₩ 607,722 | ₩ 256,325 |
Share Capital and Capital Sur_5
Share Capital and Capital Surplus and Others - Details of Shares Outstanding (Detail) - shares | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Reconciliation of number of shares outstanding [abstract] | |||
Issued shares | 80,745,711 | 80,745,711 | 80,745,711 |
Treasury shares | 7,609,263 | 8,875,883 | |
Outstanding shares | 73,136,448 | 71,869,828 |
Treasury Shares - Summary of Tr
Treasury Shares - Summary of Treasury Shares (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of classes of share capital [abstract] | ||
Number of shares | 7,609,263 | 8,875,883 |
Acquisition cost | ₩ 1,696,997 | ₩ 1,979,475 |
Treasury Shares - Summary of _2
Treasury Shares - Summary of Treasury Shares (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Apr. 30, 2018 | Dec. 31, 2017 | |
Treasury shares transaction [line items] | ||||
Number of issued shares | 80,745,711 | 80,745,711 | 80,745,711 | |
Proceeds from issue of treasury stock | ₩ 300,000 | |||
Number of shares acquired | 41,157,506 | |||
Treasury shares | 7,609,263 | 8,875,883 | ||
Kakao Co Ltd [Member] | ||||
Treasury shares transaction [line items] | ||||
Number of issued shares | 1,266,620 | |||
Proceeds from issue of treasury stock | ₩ 300,000 | |||
Number of shares acquired | 2,177,401 | |||
Consideration Paid | ₩ 302,321 | |||
Disposals Of Treasury Shares [member] | ||||
Treasury shares transaction [line items] | ||||
Treasury shares | 1,266,620 | 1,260,668 | ||
Treasury shares [member] | Kakao Co Ltd [Member] | ||||
Treasury shares transaction [line items] | ||||
Number of issued shares | 1,266,620 |
Hybrid Bonds - Summary of Hybri
Hybrid Bonds - Summary of Hybrid Bonds (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Series hybrid bonds | ₩ 398,759 | ₩ 398,759 |
Series 2-1 hybrid bonds [member] | ||
Type | Unsecured subordinated bearer bond | |
Issuance date | Jun. 7, 2018 | |
Maturity | June 7, 2078 | |
Annual interest rate(%) | 3.70% | |
Series hybrid bonds | ₩ 300,000 | 300,000 |
Series 2-2 hybrid bonds [member] | ||
Type | Unsecured subordinated bearer bond | |
Issuance date | Jun. 7, 2018 | |
Maturity | June 7, 2078 | |
Annual interest rate(%) | 3.65% | |
Series hybrid bonds | ₩ 100,000 | 100,000 |
Issuance costs [Member] | ||
Series hybrid bonds | ₩ (1,241) | ₩ (1,241) |
Hybrid Bonds - Summary of Hyb_2
Hybrid Bonds - Summary of Hybrid Bonds (Parenthetical) (Detail) - Private hybrid bonds [Member] | 12 Months Ended |
Dec. 31, 2019 | |
After 10 years [Member] | |
Annual interest rate, additional premium | 0.25% |
Annual interest rate, additional premium period | 10 years |
After 25 years [Member] | |
Annual interest rate, additional premium | 0.75% |
Annual interest rate, additional premium period | 25 years |
Share Option - Summary of Terms
Share Option - Summary of Terms and Conditions Related to Grants of Share Options under Share Option Program (Detail) | 12 Months Ended |
Dec. 31, 2019shares₩ / shares | |
One Store Co., Ltd. [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | April 27, 2018 |
Types of shares to be issued | Common shares of One Store Co., Ltd. |
Grant method | Issuance of new shares |
Number of shares | shares | 970,050 |
Exercise price | ₩ / shares | ₩ 5,390 |
Exercise period | Apr. 28, 2020 ~ Apr. 27, 2024 |
Vesting conditions | 2 years’ service from the grant date |
FSK LS Co Ltd [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | May 31, 2019 |
Types of shares to be issued | Common shares of FSK L&S Co., Ltd. |
Grant method | Issuance of new shares |
Number of shares | shares | 43,955 |
Exercise price | ₩ / shares | ₩ 10,000 |
Exercise period | June. 1, 2022 ~ May. 31, 2025 |
Vesting conditions | 3 years’ service from the grant date |
Series 1-1 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Number of shares | shares | 22,168 |
Exercise price | ₩ / shares | ₩ 246,750 |
Exercise period | Mar. 25, 2019 ~ Mar. 24, 2022 |
Vesting conditions | 2 years’ service from the grant date |
Series 1-1 [member] | DREAMUS COMPANY [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 28, 2019 |
Number of shares | shares | 400,014 |
Exercise price | ₩ / shares | ₩ 9,160 |
Exercise period | Mar. 29, 2021 ~ Mar. 28, 2024 |
Vesting conditions | (a) 2 years’ service from the grant date (b) Average stock price for the exercise period is more than 150% of the exercise price |
Series 1-1 [member] | Life and Security Holdings Co., Ltd. [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Number of shares | shares | 3,506 |
Exercise price | ₩ / shares | ₩ 949,940 |
Vesting conditions | Service provided until December 31, 2019 |
Series 1-2 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 24, 2017 |
Types of shares to be issued | Registered common shares |
Grant method | Reissue of treasury shares |
Number of shares | shares | 22,168 |
Exercise price | ₩ / shares | ₩ 266,490 |
Exercise period | Mar. 25, 2020 ~ Mar. 24, 2023 |
Vesting conditions | 3 years’ service from the grant date |
Series 1-2 [member] | DREAMUS COMPANY [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 28, 2019 |
Types of shares to be issued | Common shares of DREAMUS COMPANY (Formerly, IRIVER LIMITED) |
Grant method | Issuance of new shares, reissue of treasury shares, cash settlement |
Number of shares | shares | 400,005 |
Exercise price | ₩ / shares | ₩ 9,160 |
Exercise period | Mar. 29, 2022 ~ Mar. 28, 2025 |
Vesting conditions | (a) 3 years’ service from the grant date (b) Average stock price for the exercise period is more than 150% of the exercise price |
Series 1-2 [member] | Life and Security Holdings Co., Ltd. [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | August 22, 2019 |
Types of shares to be issued | Common shares of Life & Security Holdings Co., Ltd. |
Grant method | cash settlement |
Number of shares | shares | 3,163 |
Exercise price | ₩ / shares | ₩ 949,940 |
Exercise period | 1st excercise: Applied to 50% of the granted shares and exercisible 6 months after the listing (June. 30, 2023) of Life & Security Holdings Co., Ltd. 2nd excercise: Applied to 25% of the granted shares and exercisible 12 months after the listing (June. 30, 2023) of Life & Security Holdings Co., Ltd. 3rd excercise: Applied to 25% of the granted shares and exercisible 18 months after the listing (June. 30, 2023) of Life & Security Holdings Co., Ltd. |
Vesting conditions | Service provideduntil December 31, 2020 |
Series 1-3 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Number of shares | shares | 22,168 |
Exercise price | ₩ / shares | ₩ 287,810 |
Exercise period | Mar. 25, 2021 ~ Mar. 24, 2024 |
Vesting conditions | 4 years’ service from the grant date |
Series 1-3 [member] | DREAMUS COMPANY [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 28, 2019 |
Number of shares | shares | 399,981 |
Exercise price | ₩ / shares | ₩ 9,160 |
Exercise period | Mar. 29, 2023 ~ Mar. 28, 2026 |
Vesting conditions | (a) 4 years’ service from the grant date (b) Average stock price for the exercise period is more than 150% of the exercise price |
Series 1-3 [member] | Life and Security Holdings Co., Ltd. [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Number of shares | shares | 6,260 |
Exercise price | ₩ / shares | ₩ 1,025,935 |
Vesting conditions | Service provided until December 31, 2021 |
Series 1-4 [member] | Life and Security Holdings Co., Ltd. [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Number of shares | shares | 6,245 |
Exercise price | ₩ / shares | ₩ 1,108,010 |
Vesting conditions | Service provided until December 31, 2022 |
Series 2 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | February 20, 2018 |
Number of shares | shares | 1,358 |
Exercise price | ₩ / shares | ₩ 254,120 |
Exercise period | Feb. 21, 2020 ~ Feb. 20, 2023 |
Vesting conditions | 2 years’ service from the grant date |
Series 3 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | February 22, 2019 |
Grant method | Reissue of treasury shares, cash settlement |
Number of shares | shares | 4,177 |
Exercise price | ₩ / shares | ₩ 265,260 |
Exercise period | Feb. 23, 2021 ~ Feb. 22, 2024 |
Vesting conditions | 2 years’ service from the grant date |
Series 3 [member] | Incross Co Ltd [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 30, 2016 |
Number of shares | shares | 19,750 |
Exercise price | ₩ / shares | ₩ 10,571 |
Exercise period | Mar. 31, 2019 ~ Mar. 30, 2022 |
Vesting conditions | 3 years’ service from the grant date |
Series 4 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 26, 2019 |
Number of shares | shares | 1,734 |
Exercise price | ₩ / shares | ₩ 254,310 |
Exercise period | Mar. 27, 2021 ~ Mar. 26, 2024 |
Vesting conditions | 2 years’ service from the grant date |
Series 4 [member] | Incross Co Ltd [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 7, 2017 |
Number of shares | shares | 29,625 |
Exercise price | ₩ / shares | ₩ 17,485 |
Exercise period | Mar. 7, 2020 ~ Mar. 6, 2023 |
Vesting conditions | 3 years’ service from the grant date |
Series 5 [member] | Incross Co Ltd [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 7, 2018 |
Types of shares to be issued | Common shares of Incross Co., Ltd. |
Grant method | Issuance of new shares, reissue of treasury shares |
Number of shares | shares | 9,900 |
Exercise price | ₩ / shares | ₩ 25,861 |
Exercise period | Mar. 7, 2021 ~ Mar. 6, 2024 |
Vesting conditions | 3 years’ service from the grant date |
Series 6 [member] | Incross Co Ltd [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | March 7, 2019 |
Number of shares | shares | 6,600 |
Exercise price | ₩ / shares | ₩ 16,895 |
Exercise period | Mar. 7, 2022 ~ Mar. 6, 2025 |
Vesting conditions | 3 years’ service from the grant date |
Series 7 [member] | Incross Co Ltd [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Grant date | October 15, 2019 |
Number of shares | shares | 59,225 |
Exercise price | ₩ / shares | ₩ 22,073 |
Exercise period | Oct. 15, 2022 ~ Oct. 14, 2025 |
Vesting conditions | 3 years’ service from the grant date |
Share Option - Summary of Share
Share Option - Summary of Share Compensation Expense Recognized (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Share Based Compensation Expense [line items] | ||
Share compensation expense | ₩ 7,774 | ₩ 1,203 |
Major Share Options Transactions [member] | ||
Disclosure Of Share Based Compensation Expense [line items] | ||
Share compensation expense | 2,073 | |
Events including and after reporting period [member] | ||
Disclosure Of Share Based Compensation Expense [line items] | ||
Share compensation expense | ₩ 4,498 |
Share Option - Summary of Input
Share Option - Summary of Inputs Used in Binomial Option Pricing Model (Detail) | 12 Months Ended |
Dec. 31, 2019KRW (₩)yr₩ / shares | |
Series 1-1 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.86% |
Estimated option's life | yr | 5 |
Share price (Closing price on the preceding day) | ₩ 262,500 |
Expected volatility | 13.38% |
Expected dividends | 3.80% |
Exercise price | ₩ 246,750 |
Per share fair value of the option | ₩ | ₩ 27,015 |
Series 1-2 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.95% |
Estimated option's life | yr | 6 |
Share price (Closing price on the preceding day) | ₩ 262,500 |
Expected volatility | 13.38% |
Expected dividends | 3.80% |
Exercise price | ₩ 266,490 |
Per share fair value of the option | ₩ | ₩ 20,240 |
Series 1-3 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 2.07% |
Estimated option's life | yr | 7 |
Share price (Closing price on the preceding day) | ₩ 262,500 |
Expected volatility | 13.38% |
Expected dividends | 3.80% |
Exercise price | ₩ 287,810 |
Per share fair value of the option | ₩ | ₩ 15,480 |
Series 2 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 2.63% |
Estimated option's life | yr | 5 |
Share price (Closing price on the preceding day) | ₩ 243,500 |
Expected volatility | 16.45% |
Expected dividends | 3.70% |
Exercise price | ₩ 254,120 |
Per share fair value of the option | ₩ | ₩ 23,988 |
Series 3 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.91% |
Estimated option's life | yr | 5 |
Share price (Closing price on the preceding day) | ₩ 259,000 |
Expected volatility | 8.30% |
Expected dividends | 3.80% |
Exercise price | ₩ 265,260 |
Per share fair value of the option | ₩ | ₩ 8,600 |
Series 4 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.78% |
Estimated option's life | yr | 5 |
Share price (Closing price on the preceding day) | ₩ 253,000 |
Expected volatility | 7.70% |
Expected dividends | 3.90% |
Exercise price | ₩ 254,310 |
Per share fair value of the option | ₩ | ₩ 8,111 |
One Store Co., Ltd. [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 2.58% |
Estimated option's life | yr | 6 |
Share price (Closing price on the preceding day) | ₩ 4,925 |
Expected volatility | 9.25% |
Expected dividends | 0.00% |
Exercise price | ₩ 5,390 |
Per share fair value of the option | ₩ | ₩ 566 |
DREAMUS COMPANY [member] | Series 1-1 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.73% |
Share price (Closing price on the preceding day) | ₩ 8,950 |
Expected volatility | 32.34% |
Expected dividends | 0.00% |
Exercise price | ₩ 9,160 |
Per share fair value of the option | ₩ | ₩ 1,976 |
DREAMUS COMPANY [member] | Series 1-2 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.77% |
Share price (Closing price on the preceding day) | ₩ 8,950 |
Expected volatility | 32.34% |
Expected dividends | 0.00% |
Exercise price | ₩ 9,160 |
Per share fair value of the option | ₩ | ₩ 2,189 |
DREAMUS COMPANY [member] | Series 1-3 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.82% |
Share price (Closing price on the preceding day) | ₩ 8,950 |
Expected volatility | 32.34% |
Expected dividends | 0.00% |
Exercise price | ₩ 9,160 |
Per share fair value of the option | ₩ | ₩ 2,356 |
Incross Co Ltd [Member] | Series 3 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 2.09% |
Estimated option's life | yr | 6 |
Share price (Closing price on the preceding day) | ₩ 17,993 |
Expected volatility | 20.67% |
Expected dividends | 0.00% |
Exercise price | ₩ 10,571 |
Per share fair value of the option | ₩ | ₩ 1,965 |
Incross Co Ltd [Member] | Series 4 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.35% |
Estimated option's life | yr | 6 |
Share price (Closing price on the preceding day) | ₩ 43,843 |
Expected volatility | 18.67% |
Expected dividends | 0.00% |
Exercise price | ₩ 17,485 |
Per share fair value of the option | ₩ | ₩ 9,423 |
Incross Co Ltd [Member] | Series 5 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.50% |
Estimated option's life | yr | 6 |
Share price (Closing price on the preceding day) | ₩ 27,300 |
Expected volatility | 21.28% |
Expected dividends | 0.00% |
Exercise price | ₩ 25,861 |
Per share fair value of the option | ₩ | ₩ 7,277 |
Incross Co Ltd [Member] | Series 6 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.76% |
Estimated option's life | yr | 6 |
Share price (Closing price on the preceding day) | ₩ 17,000 |
Expected volatility | 25.58% |
Expected dividends | 0.00% |
Exercise price | ₩ 16,895 |
Per share fair value of the option | ₩ | ₩ 4,887 |
Incross Co Ltd [Member] | Series 7 [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.41% |
Estimated option's life | yr | 6 |
Share price (Closing price on the preceding day) | ₩ 22,050 |
Expected volatility | 42.37% |
Expected dividends | 0.00% |
Exercise price | ₩ 22,073 |
Per share fair value of the option | ₩ | ₩ 9,209 |
FSK LS Co Ltd [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.64% |
Share price (Closing price on the preceding day) | ₩ 10,455 |
Expected volatility | 16.20% |
Expected dividends | 0.00% |
Exercise price | ₩ 10,000 |
Per share fair value of the option | ₩ | ₩ 1,420 |
Life and Security Holdings Co., Ltd. [member] | Series 1-1 [member] | 1st exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 4 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 25.84% |
Expected dividends | 0.00% |
Exercise price | ₩ 949,940 |
Per share fair value of the option | ₩ | ₩ 144,513 |
Life and Security Holdings Co., Ltd. [member] | Series 1-1 [member] | 2nd exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 4.5 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 26.76% |
Expected dividends | 0.00% |
Exercise price | ₩ 949,940 |
Per share fair value of the option | ₩ | ₩ 145,878 |
Life and Security Holdings Co., Ltd. [member] | Series 1-1 [member] | 3rd exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 5 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 26.79% |
Expected dividends | 0.00% |
Exercise price | ₩ 949,940 |
Per share fair value of the option | ₩ | ₩ 162,219 |
Life and Security Holdings Co., Ltd. [member] | Series 1-3 [member] | 1st exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 4 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 25.84% |
Expected dividends | 0.00% |
Exercise price | ₩ 1,025,935 |
Per share fair value of the option | ₩ | ₩ 123,004 |
Life and Security Holdings Co., Ltd. [member] | Series 1-3 [member] | 2nd exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 4.5 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 26.76% |
Expected dividends | 0.00% |
Exercise price | ₩ 1,025,935 |
Per share fair value of the option | ₩ | ₩ 125,792 |
Life and Security Holdings Co., Ltd. [member] | Series 1-3 [member] | 3rd exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 5 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 26.79% |
Expected dividends | 0.00% |
Exercise price | ₩ 1,025,935 |
Per share fair value of the option | ₩ | ₩ 141,861 |
Life and Security Holdings Co., Ltd. [member] | Series 1-4 [member] | 1st exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 4 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 25.84% |
Expected dividends | 0.00% |
Exercise price | ₩ 1,108,010 |
Per share fair value of the option | ₩ | ₩ 101,207 |
Life and Security Holdings Co., Ltd. [member] | Series 1-4 [member] | 2nd exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 4.5 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 26.76% |
Expected dividends | 0.00% |
Exercise price | ₩ 1,108,010 |
Per share fair value of the option | ₩ | ₩ 105,797 |
Life and Security Holdings Co., Ltd. [member] | Series 1-4 [member] | 3rd exercise [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Risk-free interest rate | 1.47% |
Estimated option's life | yr | 5 |
Share price (Closing price on the preceding day) | ₩ 964,084 |
Expected volatility | 26.79% |
Expected dividends | 0.00% |
Exercise price | ₩ 1,108,010 |
Per share fair value of the option | ₩ | ₩ 120,924 |
Retained Earnings - Summary of
Retained Earnings - Summary of Retained Earnings (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of reserves within equity [abstract] | ||
Legal reserve | ₩ 22,320 | ₩ 22,320 |
Reserve for business expansion | 11,531,138 | 10,531,138 |
Reserve for technology development | 4,265,300 | 3,321,300 |
Appropriated retained earnings | 15,818,758 | 13,874,758 |
Unappropriated retained earnings | 6,416,527 | 8,269,783 |
Retained earnings | ₩ 22,235,285 | ₩ 22,144,541 |
Retained Earnings - Additional
Retained Earnings - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of reserves within equity [abstract] | |
Legal reserve as a percentage of cash dividends paid | 10.00% |
Legal reserve as a percentage of outstanding share capital | 50.00% |
Reserves - Details of Reserves,
Reserves - Details of Reserves, Net of Taxes (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of reserves within equity [abstract] | |||
Valuation loss on FVOCI | ₩ (47,086) | ₩ (124) | |
Other comprehensive loss of investments in associates and joint ventures | (278,142) | (334,637) | |
Valuation loss on derivatives | (920) | (41,601) | |
Foreign currency translation differences for foreign operations | (3,428) | 2,920 | |
Total reserves, net of taxes | ₩ (329,576) | ₩ (373,442) | ₩ (234,727) |
Reserves - Changes in Reserves
Reserves - Changes in Reserves (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | ₩ (373,442) | ₩ (234,727) |
Changes, net of taxes | 43,866 | (69,911) |
Balance at December 31 | (329,576) | (373,442) |
Increase (decrease) due to application of IFRS 15 [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (68,804) | |
Restated balance [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (303,531) | |
Valuation gain (loss) on financial assets at FVOCI [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (124) | 99,407 |
Changes, net of taxes | (46,962) | (99,531) |
Balance at December 31 | (47,086) | (124) |
Valuation gain (loss) on financial assets at FVOCI [member] | Increase (decrease) due to application of IFRS 15 [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | 99,407 | |
Valuation gain (loss) on financial assets at FVOCI [member] | Restated balance [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | 99,407 | |
Valuation gain (loss) on available-for-sale financial assets [Member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | 168,211 | |
Valuation gain (loss) on available-for-sale financial assets [Member] | Increase (decrease) due to application of IFRS 15 [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (168,211) | |
Other comprehensive loss of investments in associates [Member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (334,637) | (320,060) |
Changes, net of taxes | 56,495 | (14,577) |
Balance at December 31 | (278,142) | (334,637) |
Other comprehensive loss of investments in associates [Member] | Restated balance [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (320,060) | |
Valuation gain (loss) on derivatives [Member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (41,601) | (73,828) |
Changes, net of taxes | 40,681 | 32,227 |
Balance at December 31 | (920) | (41,601) |
Valuation gain (loss) on derivatives [Member] | Restated balance [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (73,828) | |
Foreign currency translation differences for foreign operations [Member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | 2,920 | (9,050) |
Changes, net of taxes | (6,348) | 11,970 |
Balance at December 31 | ₩ (3,428) | 2,920 |
Foreign currency translation differences for foreign operations [Member] | Restated balance [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | ₩ (9,050) |
Reserves - Changes In Valuation
Reserves - Changes In Valuation Gain (Loss) On Financial Assets At FVOCI (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | ₩ (373,442) | ₩ (234,727) |
Balance at December 31 | (329,576) | (373,442) |
Valuation gain (loss) on financial assets at FVOCI [member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (124) | 99,407 |
Amount recognized as other comprehensive loss during the year, net of taxes | (18,472) | (117,514) |
Amount reclassified to retained earnings, net of taxes | (28,490) | 17,983 |
Balance at December 31 | ₩ (47,086) | ₩ (124) |
Reserves - Changes in Valuati_2
Reserves - Changes in Valuation Gain (Loss) on Derivatives (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | ₩ (373,442) | ₩ (234,727) |
Balance at December 31 | (329,576) | (373,442) |
Valuation gain (loss) on derivatives [Member] | ||
Disclosure of reserves within equity [Line Items] | ||
Balance at January 1 | (41,601) | (73,828) |
Amount recognized as other comprehensive income (loss) during the year, net of taxes | 34,209 | (11,301) |
Amount reclassified to profit or loss, net of taxes | 6,472 | 43,528 |
Balance at December 31 | ₩ (920) | ₩ (41,601) |
Redeemable Convertible Prefer_3
Redeemable Convertible Preferred Stocks - Summary of Redeemable Convertible Preferred Stocks (Detail) | 12 Months Ended |
Dec. 31, 2019₩ / sharesshares | |
Redeemable Convertible Preferred Stocks [abstract] | |
Issuer | Eleven Street Co., Ltd. |
Number of shares issued | shares | 1,863,093 |
Issue price | ₩ 268,371 |
Voting rights | 1 voting right per 1 share |
Dividend rate | 6% of the issue price per annum (cumulative, non-participating) The obligatory dividend rate of the Parent Company is 1% of the issue price per annum |
Conversion period | From 6 months after the date of issue to 1 business day before the expiration date of the redemption period |
Conversion ratio | [Issue price ÷ Conversion price at the date of conversion] per share |
Conversion price | ₩ 268,371 |
Refixing clauses | • In the case when spin-off, merger, split merger of the company, comprehensive stock exchange or transfer and decrease in capital, ("merger and others"), conversion price is subject to refixing to guarantee the value that the holder could earn the day right before the circumstances arise. • In the case when this preferred share is split or merged, the conversion prices is subject to refixing to correspond with the split or merge ratio. |
Redemption period | Two months from September 30, 2023 to December 31, 2047 at the choice of the issuer. |
Redemption party | Eleven Street Co., Ltd. |
Redemption price | Amounts realizing the internal rate of return to be 3.5% at the date of actual redemption |
Liquidation preference | Preferential to the common shares |
Redeemable Convertible Prefer_4
Redeemable Convertible Preferred Stocks - Summary of Redeemable Convertible Preferred Stocks (Parenthetical) (Detail) ₩ in Millions | Dec. 31, 2019KRW (₩) |
Redeemable Convertible Preferred Stocks [line items] | |
Dividend payable | ₩ 18,805 |
Non-controlling interests [member] | |
Redeemable Convertible Preferred Stocks [line items] | |
Dividend payable | ₩ 18,805 |
Other Operating Income and Ex_3
Other Operating Income and Expenses - Details of Other Operating Income and Expenses (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Other Operating Income: | |||
Gain on disposal of property and equipment and intangible assets | ₩ 8,942 | ₩ 38,933 | ₩ 13,991 |
Others | 94,288 | 33,017 | 18,006 |
Other operating income | 103,230 | 71,950 | 31,997 |
Other Operating Expenses: | |||
Communication | 43,606 | 35,507 | 27,973 |
Utilities | 320,474 | 297,049 | 299,825 |
Taxes and dues | 44,761 | 37,290 | 27,819 |
Repair | 358,758 | 353,321 | 333,101 |
Research and development | 391,327 | 387,675 | 395,276 |
Training | 35,004 | 35,574 | 32,853 |
Bad debt for accounts receivable - trade | 28,841 | 38,211 | 34,584 |
Travel | 30,746 | 27,910 | 24,095 |
Supplies and other | 259,155 | 130,008 | 111,170 |
Loss on disposal of property and equipment and intangible assets | 56,248 | 87,257 | 60,086 |
Impairment loss on other investment securities | 1,670 | 3,157 | 9,003 |
Impairment loss on property and equipment and intangible assets | 65,935 | 255,839 | 54,946 |
Donations | 17,557 | 59,012 | 112,634 |
Bad debt for accounts receivable - other | 5,802 | 7,718 | 5,793 |
Others | 65,015 | 26,876 | 101,589 |
Other operating expenses | ₩ 1,724,899 | ₩ 1,782,404 | ₩ 1,630,747 |
Finance Income and Costs - Deta
Finance Income and Costs - Details of Finance Income and Costs (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Finance Income: | |||
Interest income | ₩ 63,401 | ₩ 69,936 | ₩ 76,045 |
Gain on sale of accounts receivable - other | 15,855 | 20,023 | 18,548 |
Dividends | 10,011 | 35,143 | 12,416 |
Gain on foreign currency transactions | 11,798 | 17,990 | 13,676 |
Gain on foreign currency translations | 4,576 | 2,776 | 7,110 |
Gain on disposal of long-term investment securities | 4,890 | ||
Gain on valuation of derivatives | 2,499 | 6,532 | 223,943 |
Gain on settlement of derivatives | 29,277 | 20,399 | |
Gain relating to financial assets at FVTPL | 4,504 | 83,636 | 33 |
Gain relating to financial liabilities at FVTPL | 56 | ||
Reversal of impairment loss on available-for-sale financial assets | 9,900 | ||
Finance income | 141,977 | 256,435 | 366,561 |
Finance Costs: | |||
Interest expense | 397,890 | 307,319 | 299,100 |
Loss on sale of accounts receivable - other | 5,823 | 9,682 | |
Loss on foreign currency transactions | 12,660 | 38,920 | 19,263 |
Loss on foreign currency translations | 4,948 | 2,397 | 8,419 |
Loss on disposal of long-term investment securities | 36,024 | ||
Loss on settlement of derivatives | 641 | 12,554 | 10,031 |
Loss relating to financial liabilities at FVTPL | 43 | 1,535 | 678 |
Loss relating to financial assets at FVTPL | 7,753 | 22,507 | |
Impairment loss on long-term investment securities | 14,519 | ||
Other finance costs | 35,900 | ||
Finance costs | ₩ 429,758 | ₩ 385,232 | ₩ 433,616 |
Finance Income and Costs - De_2
Finance Income and Costs - Details of Finance Income and Costs (Parenthetical) (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2018KRW (₩)shares | |
Analysis of income and expense [abstract] | |
Gain on disposal of shares of convertible redeemable bonds | ₩ | ₩ 58,000 |
Disposal of shares of convertible redeemable bonds | shares | 200,000 |
Finance Income and Costs - De_3
Finance Income and Costs - Details of Interest Income Included in Finance Income (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Analysis of income and expense [abstract] | |||
Interest income on cash equivalents and short-term financial instruments | ₩ 29,854 | ₩ 33,808 | ₩ 28,130 |
Interest income on loans and others | 33,547 | 36,128 | 47,915 |
Interest income | ₩ 63,401 | ₩ 69,936 | ₩ 76,045 |
Finance Income and Costs - De_4
Finance Income and Costs - Details of Interest Expenses Included in Finance Income (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Analysis of income and expense [abstract] | |||
Interest expense on borrowings | ₩ 104,991 | ₩ 10,796 | ₩ 11,774 |
Interest expense on debentures | 224,765 | 222,195 | 228,568 |
Others | 68,134 | 74,328 | 58,758 |
Interest expense | ₩ 397,890 | ₩ 307,319 | ₩ 299,100 |
Finance Income and Costs - Fina
Finance Income and Costs - Finance Income and Costs by Category of Financial Instruments (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | ₩ 141,977 | ₩ 256,435 | ₩ 366,561 |
Finance costs | 429,758 | 385,232 | 433,616 |
Available-for-sale financial assets | 158,440 | ||
Derivatives designated as hedging instrument | 40,681 | 32,227 | 22,586 |
Other comprehensive income(loss) for the year, net of taxes | 1,009 | (141,584) | (1,013) |
Financial assets, class [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 141,818 | 256,016 | 366,251 |
Finance costs | 31,065 | 42,525 | 123,485 |
Financial assets at FVOCI | (17,943) | (130,035) | |
Available-for-sale financial assets | 158,440 | ||
Derivatives designated as hedging instrument | 41,305 | 17,180 | 1,554 |
Other comprehensive income(loss) for the year, net of taxes | 23,362 | (112,855) | 159,994 |
Financial liabilities, class [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 159 | 419 | 310 |
Finance costs | 398,693 | 342,707 | 310,131 |
Derivatives designated as hedging instrument | (624) | 15,047 | 21,032 |
Financial instruments [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Other comprehensive income(loss) for the year, net of taxes | 22,738 | (97,808) | 181,026 |
Financial assets at fair value through profit or loss [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 56,953 | 134,841 | 223,976 |
Finance costs | 13,577 | 22,507 | |
Available- for-sale financial assets [Member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 30,598 | ||
Finance costs | 86,445 | ||
Loans and receivables [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 111,677 | ||
Finance costs | 37,040 | ||
Financial liabilities at fair value through profit or loss [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 56 | ||
Finance costs | 43 | 1,535 | 678 |
Financial liabilities at amortised cost [Member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 103 | 419 | 310 |
Finance costs | 398,009 | 328,618 | 299,422 |
Derivatives hedging instrument [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance costs | 641 | 12,554 | ₩ 10,031 |
Financial assets at FVOCI [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 9,924 | 35,143 | |
Financial assets at amortised cost, class [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Finance income | 74,941 | 86,032 | |
Finance costs | ₩ 17,488 | ₩ 20,018 |
Finance Income and Costs - De_5
Finance Income and Costs - Details of Impairment Losses for Financial Assets (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about financial instruments [Line items] | |||
Impairment losses for financial assets | ₩ 34,643 | ₩ 45,929 | ₩ 54,896 |
Available- for-sale financial assets [Member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Impairment losses for financial assets | 14,519 | ||
Accounts receivable - trade [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Impairment losses for financial assets | 28,841 | 38,211 | 34,584 |
Other receivables [member] | |||
Disclosure of detailed information about financial instruments [Line items] | |||
Impairment losses for financial assets | ₩ 5,802 | ₩ 7,718 | ₩ 5,793 |
Income Tax Expense - Summary of
Income Tax Expense - Summary of Income Tax Expenses (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Current tax expense | |||
Current year | ₩ 105,859 | ₩ 362,265 | ₩ 424,773 |
Current tax of prior years | (6,963) | (22,575) | (105,158) |
Current tax expense | 98,896 | 339,690 | 319,615 |
Deferred tax expense | |||
Changes in net deferred tax assets | 201,817 | 504,288 | 426,039 |
Income tax expense | ₩ 300,713 | ₩ 843,978 | ₩ 745,654 |
Income Tax Expense - Difference
Income Tax Expense - Difference Between Income Taxes Computed using the Statutory Corporate Income Tax Rates and the Recorded Income Taxes (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Reconciliation of average effective tax rate and applicable tax rate [abstract] | |||
Income taxes at statutory income tax rate | ₩ 309,368 | ₩ 1,083,029 | ₩ 823,124 |
Non-taxable income | (92,666) | (19,450) | (40,080) |
Non-deductible expenses | 14,630 | 26,724 | 31,285 |
Tax credit and tax reduction | (32,877) | (17,580) | (34,300) |
Changes in unrecognized deferred taxes | 83,940 | (177,902) | 31,857 |
Changes in tax rate | 4,040 | (3,983) | 43,977 |
Income tax refund and other | 14,278 | (46,860) | (110,209) |
Income tax expense | ₩ 300,713 | ₩ 843,978 | ₩ 745,654 |
Income Tax Expense - Deferred T
Income Tax Expense - Deferred Taxes Directly Charged to (Credited from) Equity (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Deferred taxes directly charged to (credited from) equity | ₩ 11,912 | ₩ 43,359 | ₩ (57,544) |
Valuation gain on financial assets at FVOCI [member] | |||
Deferred taxes directly charged to (credited from) equity | 2,983 | 41,461 | |
Valuation loss on available-for-sale financial assets [Member] | |||
Deferred taxes directly charged to (credited from) equity | (55,883) | ||
Share of other comprehensive income (loss) of associates [Member] | |||
Deferred taxes directly charged to (credited from) equity | 2,279 | 278 | (260) |
Valuation loss on derivatives [Member] | |||
Deferred taxes directly charged to (credited from) equity | (16,083) | (9,223) | (3,019) |
Reserve of remeasurements of defined benefit plans [Member] | |||
Deferred taxes directly charged to (credited from) equity | ₩ 22,733 | ₩ 10,843 | ₩ 1,618 |
Income Tax Expense - Details of
Income Tax Expense - Details of the Changes in Deferred Tax Assets (Liabilities) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | ₩ (2,177,327) | ₩ (890,561) | |
Changes in Accounting Policies | 9,359 | (600,954) | |
Deferred tax expense (income) | (201,817) | (504,288) | |
Directly charged to (credited from) equity | 11,912 | 43,359 | ₩ (57,544) |
Business combinations | 635 | (224,883) | |
Ending | (2,357,238) | (2,177,327) | (890,561) |
Loss allowance [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 102,276 | 67,002 | |
Changes in Accounting Policies | 3,501 | ||
Deferred tax expense (income) | (13,698) | 26,547 | |
Business combinations | 335 | 5,226 | |
Ending | 88,913 | 102,276 | 67,002 |
Accrued interest income [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | (2,713) | (2,467) | |
Deferred tax expense (income) | 691 | (218) | |
Business combinations | (17) | (28) | |
Ending | (2,039) | (2,713) | (2,467) |
Financial assets measured at fair value [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 79,757 | 53,781 | |
Changes in Accounting Policies | (282) | ||
Deferred tax expense (income) | 15,099 | (15,203) | |
Directly charged to (credited from) equity | 2,983 | 41,461 | |
Business combinations | 262 | ||
Ending | 98,101 | 79,757 | 53,781 |
Investments in subsidiaries, associates and joint ventures [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | (1,580,087) | (937,629) | |
Deferred tax expense (income) | (35,222) | (642,736) | |
Directly charged to (credited from) equity | 2,279 | 278 | |
Business combinations | (18) | ||
Ending | (1,613,048) | (1,580,087) | (937,629) |
Property equipment and intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | (420,061) | (235,343) | |
Deferred tax expense (income) | 44,051 | 71,912 | |
Business combinations | (3) | (256,630) | |
Ending | (376,013) | (420,061) | (235,343) |
Provisions [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 2,494 | 2,312 | |
Deferred tax expense (income) | 49 | (6) | |
Business combinations | 188 | ||
Ending | 2,543 | 2,494 | 2,312 |
Retirement benefit obligation [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 84,034 | 38,360 | |
Deferred tax expense (income) | (6,643) | 12,888 | |
Directly charged to (credited from) equity | 22,733 | 10,843 | |
Business combinations | 70 | 21,943 | |
Ending | 100,194 | 84,034 | 38,360 |
Valuation gain (loss) on derivatives [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 31,415 | 25,956 | |
Deferred tax expense (income) | 2,175 | 14,682 | |
Directly charged to (credited from) equity | (16,083) | (9,223) | |
Ending | 17,507 | 31,415 | 25,956 |
Foreign currency translation differences for foreign operations [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 21,948 | 21,931 | |
Deferred tax expense (income) | 57 | 17 | |
Ending | 22,005 | 21,948 | 21,931 |
Reserve for research and manpower development [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | (2,387) | ||
Deferred tax expense (income) | 2,387 | ||
Ending | (2,387) | ||
Incremental costs to acquire contract [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | (640,840) | ||
Changes in Accounting Policies | (566,633) | ||
Deferred tax expense (income) | (188,215) | (74,207) | |
Ending | (829,055) | (640,840) | |
Contract assets and liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | (26,458) | ||
Changes in Accounting Policies | (37,540) | ||
Deferred tax expense (income) | (1,572) | 11,082 | |
Ending | (28,030) | (26,458) | |
Right-of-use assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Changes in Accounting Policies | (165,762) | ||
Deferred tax expense (income) | (8,755) | ||
Ending | (174,517) | ||
Lease liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Changes in Accounting Policies | 168,423 | ||
Deferred tax expense (income) | 10,930 | ||
Ending | 179,353 | ||
Others [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 32,551 | 5,506 | |
Changes in Accounting Policies | 6,698 | ||
Deferred tax expense (income) | 17,077 | 22,627 | |
Business combinations | 6 | 4,418 | |
Ending | 56,332 | 32,551 | 5,506 |
Temporary differences [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | (2,315,684) | (962,978) | |
Changes in Accounting Policies | 9,359 | (600,954) | |
Deferred tax expense (income) | (163,976) | (570,228) | |
Directly charged to (credited from) equity | 11,912 | 43,359 | |
Business combinations | 635 | (224,883) | |
Ending | (2,457,754) | (2,315,684) | (962,978) |
Deferred tax assets related to unused tax loss carryforwards and tax credit carryforwards [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 138,357 | 72,417 | |
Deferred tax expense (income) | (37,841) | 65,940 | |
Ending | 100,516 | 138,357 | 72,417 |
Tax loss carryforwards [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 122,899 | 72,417 | |
Deferred tax expense (income) | (31,763) | 50,482 | |
Ending | 91,136 | 122,899 | ₩ 72,417 |
Unused tax credits [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning | 15,458 | ||
Deferred tax expense (income) | (6,078) | 15,458 | |
Ending | ₩ 9,380 | ₩ 15,458 |
Income Tax Expense - Details _2
Income Tax Expense - Details of Temporary Differences, Unused Tax Loss Carryforwards and Unused Tax Credits Carryforwards Which are Not Recognized as Deferred Tax Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Unused tax loss carryforwards | ₩ 1,023,907 | ₩ 849,850 |
Unused tax credit carryforwards | 1,192 | 3,705 |
Loss allowance [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Temporary differences | 96,006 | 98,205 |
Investments in subsidiaries, associates and joint ventures [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Temporary differences | (128,339) | (233,234) |
Others [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Temporary differences | ₩ 145,692 | ₩ 189,604 |
Income Tax Expense - Unused Tax
Income Tax Expense - Unused Tax Loss Carryforwards and Unused Tax Credit Carryforwards Which are Not Recognized as Deferred Tax Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Unused tax loss carryforwards | ₩ 1,023,907 | ₩ 849,850 |
Unused tax credit carryforwards | 1,192 | ₩ 3,705 |
Less than 1 year [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Unused tax loss carryforwards | 108,703 | |
Unused tax credit carryforwards | 258 | |
1 ~ 2 years [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Unused tax loss carryforwards | 152,361 | |
Unused tax credit carryforwards | 316 | |
2 ~ 3 years [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Unused tax loss carryforwards | 80,363 | |
Unused tax credit carryforwards | 388 | |
More than 3 years [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Unused tax loss carryforwards | 682,480 | |
Unused tax credit carryforwards | ₩ 230 |
Earnings per Share - Summary of
Earnings per Share - Summary of Basic Earnings Per Share (Detail) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Basic earnings per share attributable to owners of the Parent Company: | |||
Profit attributable to owners of the Parent Company | ₩ 889,907 | ₩ 3,127,887 | ₩ 2,599,829 |
Interest on hybrid bonds | (14,766) | (15,803) | (16,840) |
Profit attributable to owners of the Parent Company on common shares | ₩ 875,141 | ₩ 3,112,084 | ₩ 2,582,989 |
Weighted average number of common shares outstanding | 72,064,159 | 70,622,976 | 70,609,160 |
Basic earnings per share (in won) | ₩ 12,144 | ₩ 44,066 | ₩ 36,582 |
Earnings per Share - Weighted A
Earnings per Share - Weighted Average Number of Common Shares Outstanding (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Earnings per Share [Line Items] | |||
Issued shares | 80,745,711 | 80,745,711 | 80,745,711 |
Treasury shares | 7,609,263 | 8,875,883 | |
Number of common shares outstanding | 73,136,448 | 71,869,828 | |
Weighted average number of common shares | 72,064,159 | 70,622,976 | 70,609,160 |
Issued Shares [Member] | |||
Earnings per Share [Line Items] | |||
Issued shares | 80,745,711 | 80,745,711 | |
Treasury shares | (8,875,883) | (10,136,551) | |
Treasury shares at January 1 | (10,136,551) | ||
Number of common shares outstanding | 71,869,828 | 70,609,160 | |
Weights | 365/365 | 365/365 | |
Weighted average number of common shares | 71,869,828 | 70,609,160 | |
Disposals Of Treasury Shares [member] | |||
Earnings per Share [Line Items] | |||
Treasury shares | 1,266,620 | 1,260,668 | |
Number of common shares outstanding | 1,266,620 | 1,260,668 | |
Weights | 56/365 | 4/365 | |
Weighted average number of common shares | 194,331 | 13,816 |
Earnings per Share - Additional
Earnings per Share - Additional Information (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Earnings per share [abstract] | |||
Potentially dilutive shares | 0 | 0 | 0 |
Dividends - Details of Dividend
Dividends - Details of Dividend Declared (Detail) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of dividends [Line Items] | |||
Dividend type | Cash dividends | Cash dividends | Cash dividends |
Number of shares outstanding | 73,136,448 | 71,869,828 | |
Face value (in won) | ₩ 500 | ||
Dividends | ₩ 730,098 | ₩ 717,437 | ₩ 706,091 |
Interim [Member] | |||
Disclosure of dividends [Line Items] | |||
Dividend type | Cash dividends (Interim) | Cash dividends (Interim) | Cash dividends (Interim) |
Number of shares outstanding | 71,869,828 | 70,609,160 | 70,609,160 |
Face value (in won) | ₩ 500 | ₩ 500 | ₩ 500 |
Dividend ratio | 200.00% | 200.00% | 200.00% |
Dividends | ₩ 71,870 | ₩ 70,609 | ₩ 70,609 |
Year-end [Member] | |||
Disclosure of dividends [Line Items] | |||
Dividend type | Cash dividends (Year-end) | Cash dividends (Year-end) | Cash dividends (Year-end) |
Number of shares outstanding | 73,136,448 | 71,869,828 | 70,609,160 |
Face value (in won) | ₩ 500 | ||
Dividend ratio | 1800.00% | 1800.00% | 1800.00% |
Dividends | ₩ 658,228 | ₩ 646,828 | ₩ 635,482 |
Dividends - Dividends Yield Rat
Dividends - Dividends Yield Ratios (Detail) - ₩ / shares | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of Dividends [abstract] | |||
Dividend type | Cash dividends | Cash dividends | Cash dividends |
Dividend per share | ₩ 10,000 | ₩ 10,000 | ₩ 10,000 |
Closing price at year-end | ₩ 238,000 | ₩ 269,500 | ₩ 267,000 |
Dividend yield ratio | 4.20% | 3.71% | 3.75% |
Categories of Financial Instr_3
Categories of Financial Instruments - Financial Assets by Category (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of financial assets [line items] | ||||
Cash and cash equivalents | ₩ 1,270,824 | ₩ 1,506,699 | ₩ 1,457,735 | ₩ 1,505,242 |
Financial instruments | 831,637 | 1,046,897 | ||
Short-term investment securities | 166,666 | 195,080 | ||
Long-term investment securities | 857,215 | 664,726 | ||
Accounts receivable - trade | 2,247,895 | 2,019,933 | ||
Loans and other receivables | 1,663,567 | 1,621,938 | ||
Derivative financial assets | 150,960 | 55,457 | ||
Assets | 7,188,764 | 7,110,730 | ||
Financial assets at fair value through profit or loss [member] | ||||
Disclosure of financial assets [line items] | ||||
Short-term investment securities | 166,666 | 195,080 | ||
Long-term investment securities | 142,316 | 120,083 | ||
Loans and other receivables | 532,225 | 489,617 | ||
Derivative financial assets | 6,074 | 15,586 | ||
Assets | 847,281 | 820,366 | ||
Derivatives hedging instrument [member] | ||||
Disclosure of financial assets [line items] | ||||
Derivative financial assets | 144,886 | 39,871 | ||
Assets | 144,886 | 39,871 | ||
Equity instruments at FVOCI [member] | ||||
Disclosure of financial assets [line items] | ||||
Long-term investment securities | 710,272 | 542,496 | ||
Assets | 710,272 | 542,496 | ||
Debt instruments at FVOCI [member] | ||||
Disclosure of financial assets [line items] | ||||
Long-term investment securities | 4,627 | 2,147 | ||
Assets | 4,627 | 2,147 | ||
Financial assets at amortised cost [member] | ||||
Disclosure of financial assets [line items] | ||||
Cash and cash equivalents | 1,270,824 | 1,506,699 | ||
Financial instruments | 831,637 | 1,046,897 | ||
Accounts receivable - trade | 2,247,895 | 2,019,933 | ||
Loans and other receivables | 1,131,342 | 1,132,321 | ||
Assets | ₩ 5,481,698 | ₩ 5,705,850 |
Categories of Financial Instr_4
Categories of Financial Instruments - Financial Assets by Category (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | ||
Long-term investment securities | ₩ 857,215 | ₩ 664,726 |
Equity instruments at FVOCI [member] | ||
Disclosure of financial assets [line items] | ||
Long-term investment securities | ₩ 710,272 | ₩ 542,496 |
Categories of Financial Instr_5
Categories of Financial Instruments - Financial Liabilities by Category (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | |||
Accounts payable - trade | ₩ 438,297 | ₩ 381,302 | |
Derivative financial liabilities | 1,043 | 4,184 | |
Borrowings | 2,043,140 | 2,184,996 | |
Debentures | 8,220,833 | 7,466,852 | |
Lease liabilities | 712,740 | ₩ 663,827 | |
Accounts payable - other and others | 6,563,030 | 6,762,782 | |
Financial liabilities | 17,979,083 | 16,800,116 | |
Financial liabilities at fair value through profit or loss [member] | |||
Disclosure of financial liabilities [line items] | |||
Debentures | 61,813 | ||
Financial liabilities | 61,813 | ||
Financial liabilities measured at amortized cost [Member] | |||
Disclosure of financial liabilities [line items] | |||
Accounts payable - trade | 438,297 | 381,302 | |
Borrowings | 2,043,140 | 2,184,996 | |
Debentures | 8,220,833 | 7,405,039 | |
Lease liabilities | 712,740 | ||
Accounts payable - other and others | 6,563,030 | 6,762,782 | |
Financial liabilities | 17,978,040 | 16,734,119 | |
Derivatives hedging instrument [member] | |||
Disclosure of financial liabilities [line items] | |||
Derivative financial liabilities | 1,043 | 4,184 | |
Financial liabilities | ₩ 1,043 | ₩ 4,184 |
Financial Risk Management - Mon
Financial Risk Management - Monetary Assets and Liabilities Denominated in Foreign Currencies (Detail) € in Thousands, ¥ in Thousands, $ in Thousands, ₩ in Millions | Dec. 31, 2019KRW (₩) | Dec. 31, 2019USD ($) | Dec. 31, 2019EUR (€) | Dec. 31, 2019JPY (¥) | Dec. 31, 2018KRW (₩) |
Disclosure of detailed information about financial instruments [Line items] | |||||
Monetary assets denominated in foreign currencies | ₩ 7,188,764 | ₩ 7,110,730 | |||
Monetary liabilities denominated in foreign currencies | 17,979,083 | ₩ 16,800,116 | |||
Currency risk [member] | |||||
Disclosure of detailed information about financial instruments [Line items] | |||||
Monetary assets denominated in foreign currencies | 158,074 | $ 124,137 | € 414 | ¥ 800,440 | |
Monetary liabilities denominated in foreign currencies | 1,843,860 | $ 1,588,591 | € 110 | ¥ 261,255 | |
Currency risk [member] | US Dollar [member] | |||||
Disclosure of detailed information about financial instruments [Line items] | |||||
Monetary assets denominated in foreign currencies | 143,726 | ||||
Monetary liabilities denominated in foreign currencies | 1,839,271 | ||||
Currency risk [member] | Euro [member] | |||||
Disclosure of detailed information about financial instruments [Line items] | |||||
Monetary assets denominated in foreign currencies | 537 | ||||
Monetary liabilities denominated in foreign currencies | 142 | ||||
Currency risk [member] | Yen [member] | |||||
Disclosure of detailed information about financial instruments [Line items] | |||||
Monetary assets denominated in foreign currencies | 8,512 | ||||
Monetary liabilities denominated in foreign currencies | 2,778 | ||||
Currency risk [member] | Other currencies [member] | |||||
Disclosure of detailed information about financial instruments [Line items] | |||||
Monetary assets denominated in foreign currencies | 5,299 | ||||
Monetary liabilities denominated in foreign currencies | ₩ 1,669 |
Financial Risk Management - Imp
Financial Risk Management - Impact on Income Before Income Tax of a Hypothetical Change in Exchange Rates (Detail) - Currency risk [member] ₩ in Millions | Dec. 31, 2019KRW (₩) |
If increased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | ₩ 7,204 |
If decreased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | (7,204) |
US Dollar [member] | If increased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | 6,228 |
US Dollar [member] | If decreased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | (6,228) |
Euro [member] | If increased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | 40 |
Euro [member] | If decreased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | (40) |
Yen [member] | If increased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | 573 |
Yen [member] | If decreased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | (573) |
Other currencies [member] | If increased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | 363 |
Other currencies [member] | If decreased by 10% [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Hypothetical increase (reduce) the Group's income before income tax | ₩ (363) |
Financial Risk Management - Add
Financial Risk Management - Additional Information (Detail) - KRW (₩) | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [Line items] | ||
Long-term borrowings | ₩ 2,022,537,000,000 | ₩ 2,104,996,000,000 |
Bonds | 8,220,833,000,000 | 7,466,852,000,000 |
Long-term payables — other | 1,550,167,000,000 | 1,968,784,000,000 |
Maximum credit exposure | 6,178,179,000,000 | 6,262,329,000,000 |
Floating-rate [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Long-term borrowings | 132,000,000,000 | |
Bonds | 347,340,000,000 | |
Long-term payables — other | 2,051,389,000,000 | |
Floating-rate [member] | One Percentage Increase Decrease In Interest Rates [member] | Forecast [Member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Hypothetical increase (decrease) in interest rate, effect on income before income taxes | 200,000,000 | |
Interest rate risk [member] | Long-term payables - other [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Hypothetical increase (decrease) in interest rate, effect on income before income taxes | ₩ 20,514,000,000 | |
Hypothetical increase (decrease) in interest rate | 1.00% | |
Financial instruments [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Maximum credit exposure | ₩ 831,637,000,000 | 1,046,897,000,000 |
Available- for-sale financial assets [Member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Maximum credit exposure | 13,548,000,000 | 11,672,000,000 |
Loans and receivables [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Maximum credit exposure | 1,663,567,000,000 | 1,621,938,000,000 |
Cash and cash equivalents [Member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Maximum credit exposure | ₩ 1,270,572,000,000 | ₩ 1,506,432,000,000 |
Financial Risk Management - Max
Financial Risk Management - Maximum Credit Exposure (Detail) - KRW (₩) | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of credit risk exposure [line items] | ||
Maximum credit exposure | ₩ 6,178,179,000,000 | ₩ 6,262,329,000,000 |
Cash and cash equivalents [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum credit exposure | 1,270,572,000,000 | 1,506,432,000,000 |
Financial instruments [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum credit exposure | 831,637,000,000 | 1,046,897,000,000 |
Available- for-sale financial assets [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum credit exposure | 13,548,000,000 | 11,672,000,000 |
Accounts receivable - trade [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum credit exposure | 2,247,895,000,000 | 2,019,933,000,000 |
Loans and receivables [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum credit exposure | 1,663,567,000,000 | 1,621,938,000,000 |
Derivatives hedging instrument [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum credit exposure | ₩ 150,960,000,000 | ₩ 55,457,000,000 |
Financial Risk Management - Sum
Financial Risk Management - Summary of Gross Carrying Amounts of Each Financial Asset Except for Accounts Receivable Trade and Derivative Financial Asset (Detail) ₩ in Millions | Dec. 31, 2019KRW (₩) |
Financial assets at fair value through profit or loss [member] | |
Disclosure of credit risk exposure [line items] | |
Gross amount | ₩ 541,146 |
Carrying amount | 541,146 |
Financial assets at FVOCI [member] | |
Disclosure of credit risk exposure [line items] | |
Gross amount | 4,627 |
Carrying amount | 4,627 |
Financial assets at amortised cost [member] | 12-month expected credit losses [member] | |
Disclosure of credit risk exposure [line items] | |
Gross amount | 1,887,321 |
Loss allowance | (4,241) |
Carrying amount | 1,883,080 |
Financial assets at amortised cost [member] | Lifetime expected credit losses [member] | Financial instruments not credit-impaired [member] | |
Disclosure of credit risk exposure [line items] | |
Gross amount | 49,360 |
Loss allowance | (8,704) |
Carrying amount | 40,656 |
Financial assets at amortised cost [member] | Lifetime expected credit losses [member] | Financial instruments credit-impaired [member] | |
Disclosure of credit risk exposure [line items] | |
Gross amount | 123,196 |
Loss allowance | (83,953) |
Carrying amount | ₩ 39,243 |
Financial Risk Management - S_2
Financial Risk Management - Summary of Changes in Loss Allowance for Debt Investments (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2019KRW (₩) | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | ₩ 7,110,730 |
Ending balance | 7,188,764 |
Debt Investments [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 115,888 |
Remeasurement of loss allowance, net | 6,592 |
Amounts written off | (33,680) |
Recovery of amounts written off | 7,563 |
Business combinations | 535 |
Ending balance | 96,898 |
Debt Investments [member] | 12-month expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 3,305 |
Remeasurement of loss allowance, net | 1,316 |
Transfer to lifetime ECL - not credit impaired | (380) |
Ending balance | 4,241 |
Debt Investments [member] | Financial instruments not credit-impaired [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 10,760 |
Remeasurement of loss allowance, net | 1,334 |
Transfer to lifetime ECL - not credit impaired | 380 |
Transfer to lifetime ECL - credit impaired | (2,790) |
Amounts written off | (1,515) |
Business combinations | 535 |
Ending balance | 8,704 |
Debt Investments [member] | Financial instruments credit-impaired [member] | Lifetime expected credit losses [member] | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Beginning balance | 101,823 |
Remeasurement of loss allowance, net | 3,942 |
Transfer to lifetime ECL - credit impaired | 2,790 |
Amounts written off | (32,165) |
Recovery of amounts written off | 7,563 |
Ending balance | ₩ 83,953 |
Financial Risk Management - Con
Financial Risk Management - Contractual Maturities of Financial Liabilities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Accounts payable - trade, carrying amount | ₩ 438,297 | ₩ 381,302 | |
Borrowings, carrying amount | 2,043,140 | 2,184,996 | |
Debentures, carrying amount | 8,220,833 | 7,466,852 | |
Accounts payable - other and others, carrying amount | 6,563,030 | ₩ 6,762,782 | |
Non-derivative financial liabilities, carrying amount | 17,978,040 | ||
Accounts payable - trade, contractual cash flows | 438,297 | ||
Borrowings, contractual cash flows | 2,412,647 | ||
Debentures, contractual cash flows | 9,493,178 | ||
Lease liabilities-Carrying amount | 712,740 | ₩ 663,827 | |
Lease liabilities-Contractual cash flows | 757,871 | ||
Accounts payable - other and others, contractual cash flows | 6,704,379 | ||
Non-derivative financial liabilities, contractual cash flows | 19,806,372 | ||
Less than 1 year [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Accounts payable - trade, contractual cash flows | 438,297 | ||
Borrowings, contractual cash flows | 159,416 | ||
Debentures, contractual cash flows | 1,184,309 | ||
Lease liabilities-Contractual cash flows | 315,793 | ||
Accounts payable - other and others, contractual cash flows | 5,005,857 | ||
Non-derivative financial liabilities, contractual cash flows | 7,103,672 | ||
1-5 years [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Borrowings, contractual cash flows | 2,253,231 | ||
Debentures, contractual cash flows | 5,237,357 | ||
Lease liabilities-Contractual cash flows | 335,727 | ||
Accounts payable - other and others, contractual cash flows | 1,124,389 | ||
Non-derivative financial liabilities, contractual cash flows | 8,950,704 | ||
More than 5 years [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Debentures, contractual cash flows | 3,071,512 | ||
Lease liabilities-Contractual cash flows | 106,351 | ||
Accounts payable - other and others, contractual cash flows | 574,133 | ||
Non-derivative financial liabilities, contractual cash flows | ₩ 3,751,996 |
Financial Risk Management - Per
Financial Risk Management - Periods in Which Cash Flows from Cash Flow Hedge Derivatives are Expected to Occur (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Assets, carrying amount | ₩ 150,960 | ₩ 55,457 |
Liabilities, carrying amount | (1,043) | (4,184) |
Derivatives hedging instrument [member] | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Assets, carrying amount | 144,886 | ₩ 39,871 |
Liabilities, carrying amount | (1,043) | |
Net assets, carrying amount | 143,843 | |
Assets, contractual cash flows | 147,386 | |
Liabilities, contractual cash flows | (1,043) | |
Net assets, contractual cash flows | 146,343 | |
Less than 1 year [member] | Derivatives hedging instrument [member] | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Assets, contractual cash flows | 44,872 | |
Net assets, contractual cash flows | 44,872 | |
1-5 years [member] | Derivatives hedging instrument [member] | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Assets, contractual cash flows | 103,142 | |
Liabilities, contractual cash flows | (1,043) | |
Net assets, contractual cash flows | 102,099 | |
More than 5 years [member] | Derivatives hedging instrument [member] | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Assets, contractual cash flows | (628) | |
Net assets, contractual cash flows | ₩ (628) |
Financial Risk Management - Deb
Financial Risk Management - Debt-equity Ratio (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2016 | |
Disclosure of detailed information about financial instruments [abstract] | |||
Total Liabilities | ₩ 21,788,084 | ₩ 20,019,861 | |
Total equity | ₩ 22,823,536 | ₩ 22,349,250 | ₩ 16,116,430 |
Debt-equity ratios | 95.46% | 89.58% |
Financial Risk - Fair Value and
Financial Risk - Fair Value and Carrying Amount of Financial Assets and Liabilities Including Fair Value Hierarchy (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [Line items] | ||
Borrowings | ₩ 2,043,140 | ₩ 2,184,996 |
Debentures | 8,220,833 | 7,466,852 |
Assets | 7,188,764 | 7,110,730 |
Financial liabilities | 17,979,083 | 16,800,116 |
Measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
FVTPL | 847,281 | 820,366 |
Derivatives hedging instruments | 144,886 | 39,871 |
FVOCI | 714,899 | 544,643 |
Assets | 1,707,066 | 1,404,880 |
FVTPL | 61,813 | |
Derivatives hedging instruments | 1,043 | 4,184 |
Financial liabilities | 65,997 | |
Not measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Borrowings | 2,191,037 | 2,378,843 |
Debentures | 8,714,408 | 7,868,472 |
Long-term payables - other | 2,008,493 | 2,469,653 |
Financial liabilities | 12,913,938 | 12,716,968 |
Carrying amount [member] | Measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
FVTPL | 847,281 | 820,366 |
Derivatives hedging instruments | 144,886 | 39,871 |
FVOCI | 714,899 | 544,643 |
Assets | 1,707,066 | 1,404,880 |
FVTPL | 61,813 | |
Derivatives hedging instruments | 1,043 | 4,184 |
Financial liabilities | 65,997 | |
Carrying amount [member] | Not measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Borrowings | 2,043,140 | 2,184,996 |
Debentures | 8,220,833 | 7,405,039 |
Long-term payables - other | 1,974,006 | 2,393,027 |
Financial liabilities | 12,237,979 | 11,983,062 |
Level 1 [member] | Measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
FVOCI | 407,651 | 293,925 |
Assets | 407,651 | 293,925 |
Level 2 [member] | Measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
FVTPL | 668,891 | 695,992 |
Derivatives hedging instruments | 144,886 | 39,871 |
Assets | 813,777 | 735,863 |
FVTPL | 61,813 | |
Derivatives hedging instruments | 1,043 | 4,184 |
Financial liabilities | 65,997 | |
Level 2 [member] | Not measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Borrowings | 2,191,037 | 2,378,843 |
Debentures | 8,714,408 | 7,868,472 |
Long-term payables - other | 2,008,493 | 2,469,653 |
Financial liabilities | 12,913,938 | 12,716,968 |
Level 3 [member] | Measured at fair value [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
FVTPL | 178,390 | 124,374 |
FVOCI | 307,248 | 250,718 |
Assets | ₩ 485,638 | ₩ 375,092 |
Financial Risk Management - Int
Financial Risk Management - Interest Rates Used by the Group for the Fair Value Measurement (Detail) | 12 Months Ended |
Dec. 31, 2019 | |
Derivatives hedging instrument [member] | Bottom of range [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Interest rate | 1.68% |
Derivatives hedging instrument [member] | Top of range [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Interest rate | 1.89% |
Borrowings and debentures [member] | Bottom of range [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Interest rate | 1.65% |
Borrowings and debentures [member] | Top of range [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Interest rate | 2.41% |
Long-term payables - other [member] | Bottom of range [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Interest rate | 1.59% |
Long-term payables - other [member] | Top of range [member] | |
Disclosure of detailed information about financial instruments [Line items] | |
Interest rate | 1.90% |
Financial Risk Management - Cha
Financial Risk Management - Changes of Financial Assets Classified as Level 3 (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2019KRW (₩) | |
Disclosure of fair value measurement of assets [line items] | |
Balance at beginning | ₩ 42,369,111 |
Balance at ending | 44,611,620 |
Level 3 [member] | |
Disclosure of fair value measurement of assets [line items] | |
Balance at beginning | 375,092 |
Loss for the period | (5,417) |
OCI | (5,371) |
Acquisition | 150,806 |
Disposal | (15,570) |
Transfer | (13,902) |
Balance at ending | 485,638 |
FVTPL [member] | Level 3 [member] | |
Disclosure of fair value measurement of assets [line items] | |
Balance at beginning | 124,374 |
Loss for the period | (5,417) |
OCI | 2,345 |
Acquisition | 58,361 |
Disposal | (9,264) |
Transfer | 7,991 |
Balance at ending | 178,390 |
Financial assets at FVOCI [member] | Level 3 [member] | |
Disclosure of fair value measurement of assets [line items] | |
Balance at beginning | 250,718 |
OCI | (7,716) |
Acquisition | 92,445 |
Disposal | (6,306) |
Transfer | (21,893) |
Balance at ending | ₩ 307,248 |
Financial Risk Management - Car
Financial Risk Management - Carrying Amount of Financial Instruments Recognized of Which Offset Agreements are Applicable (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [Line items] | ||
Financial assets, Gross financial instruments recognized | ₩ 97,857 | |
Financial assets, Amount offset | (95,920) | |
Financial assets, Net financial instruments presented on the statements of financial position | 1,937 | |
Financial assets, Relevant financial instruments not offset | (1,107) | |
Financial assets, Net amount | 830 | |
Financial liabilities, Gross financial instruments recognized | 97,027 | |
Financial liabilities, Amount offset | (95,920) | |
Financial liabilities, Net financial instruments presented on the statements of financial position | 1,107 | |
Financial liabilities, Relevant financial instruments not offset | (1,107) | |
Financial liabilities, Net amount | 0 | |
Derivatives hedging instrument [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Financial assets, Gross financial instruments recognized | 1,867 | |
Financial assets, Amount offset | 0 | |
Financial assets, Net financial instruments presented on the statements of financial position | 1,867 | |
Financial assets, Relevant financial instruments not offset | (1,107) | |
Financial assets, Net amount | 760 | |
Financial liabilities, Gross financial instruments recognized | 1,107 | |
Financial liabilities, Amount offset | 0 | |
Financial liabilities, Net financial instruments presented on the statements of financial position | 1,107 | |
Financial liabilities, Relevant financial instruments not offset | (1,107) | |
Financial liabilities, Net amount | 0 | |
Accounts payable - other and others [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Financial liabilities, Gross financial instruments recognized | ₩ 100,895 | 95,920 |
Financial liabilities, Amount offset | (100,895) | (95,920) |
Financial liabilities, Net amount | 0 | |
Accounts receivable - trade and others [member] | ||
Disclosure of detailed information about financial instruments [Line items] | ||
Financial assets, Gross financial instruments recognized | 102,241 | 95,990 |
Financial assets, Amount offset | (100,895) | (95,920) |
Financial assets, Net financial instruments presented on the statements of financial position | 1,346 | 70 |
Financial assets, Net amount | ₩ 1,346 | ₩ 70 |
Transactions with Related Par_3
Transactions with Related Parties - Compensation for the Key Management (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [abstract] | |||
Salaries | ₩ 5,969 | ₩ 4,488 | ₩ 2,169 |
Defined benefits plan expenses | 1,237 | 920 | 258 |
Share option | 325 | 548 | 414 |
Compensation for the key management | ₩ 7,531 | ₩ 5,956 | ₩ 2,841 |
Transactions with Related Par_4
Transactions with Related Parties - Transactions with Related Parties (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | ₩ 614,169 | ₩ 375,601 | ₩ 259,249 |
Operating expense and others | 2,026,419 | 2,122,776 | 2,266,988 |
Acquisition of property and equipment | 884,838 | 902,063 | 1,070,246 |
Collection of loans | 204 | 204 | |
SK hynix Inc. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 273,047 | 179,708 | 123,873 |
Operating expense and others | 481 | 313 | 251 |
Acquisition of property and equipment | 0 | ||
Other associates [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 17,286 | 5,924 | 10,720 |
Operating expense and others | 13,864 | 35,296 | 33,389 |
Acquisition of property and equipment | 457 | 1,202 | 940 |
Collection of loans | 204 | 204 | |
SK Holdings Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 53,507 | 20,050 | 25,049 |
Operating expense and others | 612,248 | 601,176 | 600,600 |
Acquisition of property and equipment | 95,426 | 151,502 | 283,556 |
F&U Credit information Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 2,293 | 2,777 | 3,431 |
Operating expense and others | 55,179 | 54,857 | 52,150 |
Acquisition of property and equipment | 0 | 153 | |
HappyNarae Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 1,002 | 3,025 | |
Operating expense and others | 20,286 | 29,276 | |
Acquisition of property and equipment | 88,327 | 68,472 | |
KEB HanaCard Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 832 | 15,046 | 17,873 |
Operating expense and others | 1,901 | 15,387 | 15,045 |
Acquisition of property and equipment | 0 | ||
SK Wyverns Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 1,399 | ||
Operating expense and others | 21,528 | ||
Acquisition of property and equipment | 0 | ||
Associates [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 294,857 | 204,457 | 158,922 |
Operating expense and others | 92,953 | 126,139 | 130,111 |
Acquisition of property and equipment | 457 | 89,529 | 69,565 |
Collection of loans | 204 | 204 | |
SK Engineering & Construction Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 13,339 | 4,662 | 5,865 |
Operating expense and others | 1,601 | 1,122 | 1,077 |
Acquisition of property and equipment | 7,400 | 8,700 | |
SK Innovation Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 26,697 | 44,010 | 7,639 |
Operating expense and others | 2,777 | 996 | 950 |
Acquisition of property and equipment | 0 | ||
SK Networks Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 29,321 | 23,078 | 21,694 |
Operating expense and others | 1,088,443 | 1,189,404 | 1,220,251 |
Acquisition of property and equipment | 449 | 460 | 671 |
SK Networks Services Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 1,056 | 774 | 510 |
Operating expense and others | 76,671 | 90,723 | 96,949 |
Acquisition of property and equipment | 4,979 | 5,478 | 6,346 |
SK Telesys Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 474 | 362 | 417 |
Operating expense and others | 9,686 | 10,945 | 51,394 |
Acquisition of property and equipment | 59,392 | 127,840 | 152,659 |
SK TNS Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 240 | 140 | 137 |
Operating expense and others | 35,824 | 31,220 | 37,051 |
Acquisition of property and equipment | 607,546 | 493,793 | 494,621 |
SK Energy Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 16,294 | 15,134 | 8,505 |
Operating expense and others | 516 | 897 | 779 |
Acquisition of property and equipment | 0 | ||
SK hynix Semiconductor (China) Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 73,542 | ||
Operating expense and others | 0 | ||
Acquisition of property and equipment | 0 | ||
SK Global Chemical International Trading (Shanghai) Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 14,535 | ||
Operating expense and others | 131 | ||
Acquisition of property and equipment | 0 | ||
SK Gas Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 7,653 | 2,727 | |
Operating expense and others | 2 | 4 | |
Collection of loans | 0 | ||
SKC INFRA SERVICE Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 57 | 19 | |
Operating expense and others | 50,829 | 46,900 | |
Acquisition of property and equipment | 24,761 | 47,163 | |
Miscellaneous other related parties [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 90,307 | 55,224 | 18,233 |
Operating expense and others | 105,569 | 19,323 | 28,209 |
Acquisition of property and equipment | 109,189 | 17 | |
Others [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 265,805 | 151,094 | 75,278 |
Operating expense and others | 1,321,218 | 1,395,461 | 1,536,277 |
Acquisition of property and equipment | ₩ 788,955 | ₩ 661,032 | 717,125 |
SK Shipping Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 3,183 | ||
Operating expense and others | 35 | ||
Ko-one energy service Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 5,164 | ||
Operating expense and others | 44 | ||
SK Infosec Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Operating revenue and others | 1,185 | ||
Operating expense and others | 52,634 | ||
Acquisition of property and equipment | ₩ 15,648 |
Transactions with Related Par_5
Transactions with Related Parties - Transactions with Related Parties (Parenthetical) (Detail) ₩ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | Dec. 31, 2017KRW (₩) | Dec. 31, 2017USD ($) | |
Disclosure of transactions between related parties [Line Items] | ||||
Dividends paid | ₩ 216,241 | |||
Dividends received | 10,011 | ₩ 35,143 | ₩ 12,416 | |
Korea IT Fund and Others [member] | ||||
Disclosure of transactions between related parties [Line Items] | ||||
Dividends received | 4,587 | |||
SK Innovation Co Ltd SK Energy Co Ltd SK Lubricants Co Ltd SK Trading International Co Ltd and SK Global Chemical Co Ltd [member] | ||||
Disclosure of transactions between related parties [Line Items] | ||||
Dividends received | 68,500 | |||
SK hynix Inc. [member] | ||||
Disclosure of transactions between related parties [Line Items] | ||||
Dividends received | 219,150 | 146,100 | ||
Dividend declared | 87,660 | |||
Other associates [Member] | ||||
Disclosure of transactions between related parties [Line Items] | ||||
Dividend declared | 11,955 | |||
Other associates [Member] | Korea IT fund [member] | ||||
Disclosure of transactions between related parties [Line Items] | ||||
Dividends received | ₩ 6,597 | |||
SK Holdings Co., Ltd. [member] | ||||
Disclosure of transactions between related parties [Line Items] | ||||
Dividends paid | 203,635 | $ 203,635 | ||
Handset purchases [member] | ||||
Disclosure of transactions between related parties [Line Items] | ||||
Dividends paid | ₩ 1,043,902 | ₩ 1,100,370 |
Transactions with Related Par_6
Transactions with Related Parties - Account Balances with Related Parties (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Loans [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | ₩ 22,351 | ₩ 22,554 |
Loans [member] | SK Holdings Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | F&U Credit information Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK hynix Inc. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | Wave City Development Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | Daehan Kanggun BcN Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 22,147 | 22,147 |
Loans [member] | KEB HanaCard Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | Other associates [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 204 | 407 |
Loans [member] | Associates [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 22,351 | 22,554 |
Loans [member] | SK Engineering & Construction Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK Networks Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK Networks Services Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK Telesys Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK TNS Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK Innovation Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK Energy Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK Hystec Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | SK hynix Semiconductor (China) Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | Miscellaneous other related parties [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Loans [member] | Others [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | |
Accounts receivable - trade and others [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 119,971 | 87,252 |
Accounts receivable - trade and others [member] | SK Holdings Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 7,941 | 5,987 |
Accounts receivable - trade and others [member] | F&U Credit information Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 2 | 98 |
Accounts receivable - trade and others [member] | SK hynix Inc. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 21,510 | 14,766 |
Accounts receivable - trade and others [member] | Wave City Development Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 31,523 | 37,263 |
Accounts receivable - trade and others [member] | Daehan Kanggun BcN Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 5,359 | |
Accounts receivable - trade and others [member] | KEB HanaCard Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 1,025 | 541 |
Accounts receivable - trade and others [member] | Other associates [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 2,490 | 130 |
Accounts receivable - trade and others [member] | Associates [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 61,909 | 52,798 |
Accounts receivable - trade and others [member] | SK Engineering & Construction Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 4,422 | 1,561 |
Accounts receivable - trade and others [member] | SK Networks Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 3,469 | 2,647 |
Accounts receivable - trade and others [member] | SK Networks Services Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 0 | 54 |
Accounts receivable - trade and others [member] | SK Telesys Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 30 | 154 |
Accounts receivable - trade and others [member] | SK TNS Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 14 | |
Accounts receivable - trade and others [member] | SK Innovation Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 7,496 | 4,696 |
Accounts receivable - trade and others [member] | SK Energy Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 2,757 | 5,511 |
Accounts receivable - trade and others [member] | SK Gas Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 2,225 | |
Accounts receivable - trade and others [member] | SK Hystec Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 848 | 2,661 |
Accounts receivable - trade and others [member] | SK hynix Semiconductor (China) Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 8,556 | |
Accounts receivable - trade and others [member] | Miscellaneous other related parties [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 22,529 | 8,958 |
Accounts receivable - trade and others [member] | Others [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts receivable | 50,121 | 28,467 |
Accounts payable - other and others [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 482,851 | 473,676 |
Accounts payable - other and others [member] | SK Holdings Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 87,519 | 139,260 |
Accounts payable - other and others [member] | F&U Credit information Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 4,869 | 5,801 |
Accounts payable - other and others [member] | SK hynix Inc. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 48 | 89 |
Accounts payable - other and others [member] | Wave City Development Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 0 | |
Accounts payable - other and others [member] | Daehan Kanggun BcN Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 0 | |
Accounts payable - other and others [member] | KEB HanaCard Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 9,474 | 11,311 |
Accounts payable - other and others [member] | Other associates [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 2,262 | 1,764 |
Accounts payable - other and others [member] | Associates [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 16,653 | 18,965 |
Accounts payable - other and others [member] | SK Engineering & Construction Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 97 | 760 |
Accounts payable - other and others [member] | SK Networks Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 85,421 | 167,433 |
Accounts payable - other and others [member] | SK Networks Services Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 10,820 | 8,946 |
Accounts payable - other and others [member] | SK Telesys Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 16,319 | 39,188 |
Accounts payable - other and others [member] | SK TNS Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 200,703 | 89,017 |
Accounts payable - other and others [member] | SK Innovation Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 22,673 | 1,019 |
Accounts payable - other and others [member] | SK Energy Co., Ltd. [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 1,886 | 887 |
Accounts payable - other and others [member] | SK Gas Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 60 | |
Accounts payable - other and others [member] | SK Hystec Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 687 | 75 |
Accounts payable - other and others [member] | SK hynix Semiconductor (China) Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 0 | |
Accounts payable - other and others [member] | Miscellaneous other related parties [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | 40,073 | 8,066 |
Accounts payable - other and others [member] | Others [Member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Accounts payable | ₩ 378,679 | ₩ 315,451 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) ₩ in Millions | Dec. 31, 2019KRW (₩)Number | Dec. 31, 2018KRW (₩) |
Commitments and contingencies [Line Items] | ||
Properties pledged as collateral for leases on buildings | ₩ 4,013 | |
Number Of Legal Provisions | Number | 0 | |
Sales of handsets [member] | ||
Commitments and contingencies [Line Items] | ||
Accounts receivables - other | ₩ 646,837 | |
Legal proceedings provision [member] | ||
Commitments and contingencies [Line Items] | ||
Current provisions for legal claims and litigation | 32,104 | ₩ 36,844 |
Non-current provisions for legal claims and litigation | 18,018 | ₩ 57,310 |
Life and Security Holdings Co., Ltd. [member] | ||
Commitments and contingencies [Line Items] | ||
Shares pledged for long-term borrowings | ₩ 1,900,000 |
Statements of Cash Flows - Adju
Statements of Cash Flows - Adjustments for Income and Expenses from Operating Activities (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Adjustments to reconcile profit (loss) [abstract] | |||
Interest income | ₩ (63,401) | ₩ (69,936) | ₩ (76,045) |
Dividends | (10,011) | (35,143) | (12,416) |
Gain on foreign currency translations | (4,576) | (2,776) | (7,110) |
Gain on disposal of long-term investment securities | (4,890) | ||
Gain on valuation of derivatives | (2,499) | (6,532) | (223,943) |
Gain on settlement of derivatives | (29,277) | (20,399) | |
Gain relating to investments in subsidiaries, associates and joint ventures, net | (449,543) | (3,270,912) | (2,245,732) |
Gain on sale of accounts receivable - other | (15,855) | (20,023) | (18,548) |
Gain on disposal of property and equipment and intangible assets | (8,942) | (38,933) | (13,991) |
Gain on business transfer | (69,522) | ||
Gain relating to financial assets at FVTPL | (4,504) | (83,636) | (33) |
Gain relating to financial liabilities at FVTPL | (56) | ||
Reversal of impairment loss on available-for-sale financial assets | (9,900) | ||
Other income | (1,890) | (952) | (1,129) |
Interest expense | 397,890 | 307,319 | 299,100 |
Loss on foreign currency translations | 4,948 | 2,397 | 8,419 |
Loss on disposal of long-term investment securities | 36,024 | ||
Other finance costs | 14,519 | ||
Loss on sale of accounts receivable - other | 5,823 | 9,682 | |
Loss on settlement of derivatives | 641 | 12,554 | 10,031 |
Income tax expense | 300,713 | 843,978 | 745,654 |
Expense related to defined benefit plan | 175,165 | 147,722 | 127,696 |
Share option | 2,073 | 789 | 414 |
Depreciation and amortization | 3,935,841 | 3,284,339 | 3,247,519 |
Bad debt expense | 28,841 | 38,211 | 34,584 |
Loss on disposal of property and equipment and intangible assets | 56,248 | 87,257 | 60,086 |
Impairment loss on property and equipment and intangible assets | 65,935 | 255,839 | 54,946 |
Loss relating to financial liabilities at FVTPL | 43 | 1,535 | 678 |
Loss relating to financial assets at FVTPL | 7,753 | 22,507 | |
Bad debt for accounts receivable - other | 5,802 | 7,718 | 5,793 |
Loss on impairment of investment assets | 1,670 | 3,157 | 9,003 |
Other expenses | 21,727 | 102,839 | 46,353 |
Adjustments for income and expenses from operating activities | ₩ 4,351,037 | ₩ 1,568,919 | ₩ 2,096,764 |
Statements of Cash Flows - Chan
Statements of Cash Flows - Changes in Assets and Liabilities from Operating Activities (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Adjustments to reconcile profit (loss) [abstract] | |||
Accounts receivable - trade | ₩ (211,712) | ₩ 175,841 | ₩ 46,144 |
Accounts receivable - other | 48,399 | 319,913 | (159,960) |
Accrued income | 151 | 14 | |
Advanced payments | (12,204) | 13,393 | (1,269) |
Prepaid expenses | (660,891) | (3,597) | (28,362) |
Inventories | 115,893 | (13,429) | (17,958) |
Long-term accounts receivable - other | (56,216) | 11,064 | (137,979) |
Guarantee deposits | 6,392 | (258) | 14,696 |
Contract assets | (68,805) | 9,161 | |
Accounts payable - trade | (23,607) | (58,487) | (26,151) |
Accounts payable - other | 167,595 | (271,128) | 134,542 |
Advanced receipts | (13,470) | ||
Contract liabilities | 33,574 | 11,328 | |
Withholdings | (31,545) | 129,492 | (13,041) |
Deposits received | (3,112) | (333) | (4,916) |
Accrued expenses | 117,367 | (102,246) | 116,065 |
Unearned revenue | (339) | ||
Provisions | (37,134) | (4,298) | (20,488) |
Long-term provisions | (1,699) | 1,193 | (2,449) |
Plan assets | (130,790) | (123,075) | (95,828) |
Retirement benefit payment | (84,098) | (63,957) | (60,883) |
Others | (3,893) | (4,628) | 10,164 |
Changes in assets and liabilities from operating activities | ₩ (836,335) | ₩ 25,949 | ₩ (261,468) |
Statements of Cash Flows - Sign
Statements of Cash Flows - Significant Non-cash Transactions (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Significant Non-cash Investing and Financing Transactions [abstract] | |||
Increase in accounts payable - other relating to acquisition of property and equipment and intangible assets | ₩ 438,622 | ₩ 1,162,301 | ₩ 44,214 |
Increase of right-of-use assets | 618,811 | ||
Investment in subsidiary from comprehensive stock exchange | ₩ 129,595 | ||
Contribution in kind for investments | ₩ 78,900 |
Statements of Cash Flows - Reco
Statements of Cash Flows - Reconciliation of Liabilities Arising from Financing Activities (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Jan. 01, 2019 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Lease liabilities | ₩ 712,740 | ₩ 663,827 | |
Beginning balance | 11,993,602 | ₩ 8,896,342 | |
Cash flows | (265,423) | 61,701 | |
Exchange rate changes | 60,283 | 73,399 | |
Fair value changes | (102,585) | (25,101) | |
Business Combinations | 1,420 | 1,744,839 | |
Other changes | 453,355 | 1,242,422 | |
Ending balance | 12,804,479 | 11,993,602 | |
Previously stated [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 11,993,602 | ||
Ending balance | 11,993,602 | ||
Impact of adopting K-IFRS No.1116 | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Lease liabilities | 663,827 | ||
Short-term borrowings [Member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 80,000 | 130,000 | |
Cash flows | (59,860) | (87,701) | |
Exchange rate changes | (2) | ||
Business Combinations | 465 | 36,201 | |
Other changes | 1,500 | ||
Ending balance | 20,603 | 80,000 | |
Short-term borrowings [Member] | Previously stated [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 80,000 | ||
Ending balance | 80,000 | ||
Long-term borrowings [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 2,104,996 | 252,817 | |
Cash flows | (89,882) | 139,406 | |
Exchange rate changes | 1,129 | 2,281 | |
Business Combinations | 1,708,638 | ||
Other changes | 6,294 | 1,854 | |
Ending balance | 2,022,537 | 2,104,996 | |
Long-term borrowings [member] | Previously stated [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 2,104,996 | ||
Ending balance | 2,104,996 | ||
Debentures [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 7,466,852 | 7,086,187 | |
Cash flows | 693,444 | 321,671 | |
Exchange rate changes | 59,157 | 55,523 | |
Fair value changes | 223 | 1,911 | |
Other changes | 1,157 | 1,560 | |
Ending balance | 8,220,833 | 7,466,852 | |
Debentures [member] | Previously stated [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 7,466,852 | ||
Ending balance | 7,466,852 | ||
Lease liabilities [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 0 | ||
Cash flows | (393,398) | ||
Business Combinations | 955 | ||
Other changes | 441,356 | ||
Ending balance | 712,740 | 0 | |
Lease liabilities [member] | Impact of adopting K-IFRS No.1116 | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Lease liabilities | ₩ 663,827 | ||
Long-term payables - other [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 2,393,027 | 1,641,081 | |
Cash flows | (428,153) | (305,644) | |
Exchange rate changes | (84) | ||
Other changes | 6,819 | 1,057,590 | |
Ending balance | 1,971,609 | 2,393,027 | |
Long-term payables - other [member] | Previously stated [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 2,393,027 | ||
Ending balance | 2,393,027 | ||
Derivative financial liabilities [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 4,184 | 39,470 | |
Cash flows | 626 | (4,031) | |
Exchange rate changes | 83 | 13,595 | |
Fair value changes | (3,850) | (7,163) | |
Other changes | (37,687) | ||
Ending balance | 1,043 | 4,184 | |
Derivative financial liabilities [member] | Previously stated [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | 4,184 | ||
Ending balance | 4,184 | ||
Derivative financial assets [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | (55,457) | (253,213) | |
Cash flows | 11,800 | (2,000) | |
Exchange rate changes | 2,000 | ||
Fair value changes | (98,958) | (19,849) | |
Other changes | (2,271) | 217,605 | |
Ending balance | (144,886) | (55,457) | |
Derivative financial assets [member] | Previously stated [member] | |||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||
Beginning balance | ₩ (55,457) | ||
Ending balance | ₩ (55,457) |
Reconciliation of Liabilities A
Reconciliation of Liabilities Arising from Financing Activities (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Statement of cash flows [abstract] | |||
Payments of cash dividends | ₩ (718,698) | ₩ (706,091) | ₩ (706,091) |
Issuance of hybrid bonds | 398,759 | ||
Repayments of hybrid bonds | (400,000) | ||
Payments of interest on hybrid bond | (14,766) | (15,803) | (16,840) |
Disposal of treasury shares | 300,000 | ||
Cash inflow from transactions with the non-controlling shareholders | 101,398 | ||
Cash outflow from transactions with the non-controlling shareholders | (39,345) | ||
Capital increase by subsidiaries and others | 499,926 | ||
Transactions with non-controlling shareholders | (76,805) | ||
Cash flow from other financing activities | (371,411) | (300,014) | |
Total | ₩ (636,834) | ₩ (238,313) | ₩ (826,618) |
Cash Dividends paid to the Pa_3
Cash Dividends paid to the Parent Company - Summary of Cash Dividends Received from Consolidated Subsidiaries and Associates (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of dividends [Line Items] | |||
Cash dividends received | ₩ 10,011 | ₩ 35,143 | ₩ 12,416 |
Subsidiaries [member] | |||
Disclosure of dividends [Line Items] | |||
Cash dividends received | 287,549 | 61,985 | |
Associates [member] | |||
Disclosure of dividends [Line Items] | |||
Cash dividends received | 227,500 | 149,815 | 89,063 |
Parent [member] | |||
Disclosure of dividends [Line Items] | |||
Cash dividends received | ₩ 515,049 | ₩ 211,800 | ₩ 89,063 |