Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2020shares | |
Document and Entity Information [Abstract] | |
Document Type | 20-F |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2020 |
Document Fiscal Year Focus | 2020 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | KB Financial Group Inc. |
Entity Central Index Key | 0001445930 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock Shares Outstanding | 389,634,335 |
Entity Well Known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Voluntary Filers | No |
Entity Interactive Data Current | Yes |
Icfr Auditor Attestation Flag | true |
Entity Address Country | KR |
Consolidated Statement Of Finan
Consolidated Statement Of Financial Position $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | |||
ASSETS | ||||||
Cash and due from financial institutions | ₩ 25,608,842 | $ 23,578,497 | ₩ 20,837,878 | |||
Financial assets at fair value through profit or loss | 61,035,455 | 56,196,385 | 53,549,086 | |||
Derivative financial assets | 5,545,385 | 5,105,730 | 3,190,673 | |||
Loans measured at amortized cost | 377,166,984 | 347,264,074 | 339,684,059 | |||
Financial investments | 98,695,426 | 90,870,562 | 71,782,606 | |||
Investments in associates and joint ventures | 771,435 | [1] | 710,274 | 598,240 | [1] | |
Property and equipment | 5,433,554 | 5,002,766 | 5,067,377 | |||
Investment property | 2,533,539 | 2,332,673 | 2,827,988 | |||
Intangible assets | 3,351,133 | 3,085,445 | 2,737,813 | |||
Net defined benefit assets | 2,845 | 2,620 | 946 | |||
Current income tax assets | 109,772 | 101,069 | 19,095 | |||
Deferred income tax assets | 65,058 | 59,900 | 3,597 | |||
Assets held for sale | 197,727 | 182,051 | 23,151 | |||
Other assets | 30,155,037 | 27,764,256 | 18,215,608 | |||
Total assets | 610,672,192 | [2] | 562,256,302 | 518,538,117 | [2] | |
LIABILITIES | ||||||
Financial liabilities at fair value through profit or loss | 11,810,058 | 10,873,722 | 15,368,153 | |||
Derivative financial liabilities | 5,222,897 | 4,808,810 | 3,007,341 | |||
Deposits | 338,580,220 | 311,736,583 | 305,592,771 | |||
Borrowings | 49,827,156 | 45,876,712 | 37,818,860 | |||
Debentures | 62,760,687 | 57,784,835 | 50,935,583 | |||
Provisions | 714,903 | 658,223 | 527,929 | |||
Net defined benefit liabilities | 248,226 | 228,546 | 253,989 | |||
Current income tax liabilities | 764,981 | 704,331 | 432,431 | |||
Deferred income tax liabilities | 1,162,286 | 1,070,137 | 777,793 | |||
Insurance liabilities | 54,415,296 | 50,101,091 | 34,966,683 | |||
Other liabilities | 41,804,023 | 38,489,677 | 29,737,259 | |||
Total liabilities | 567,310,733 | [2] | 522,332,667 | 479,418,792 | [2] | |
TOTAL EQUITY | ||||||
Share capital | 2,090,558 | 1,924,812 | 2,090,558 | |||
Hybrid securities | 1,695,988 | 1,561,525 | 399,205 | |||
Capital surplus | 16,723,589 | 15,397,693 | 17,122,777 | |||
Accumulated other comprehensive income | 612,337 | 563,789 | 348,021 | |||
Retained earnings | 22,517,392 | [3] | 20,732,148 | 19,709,545 | ||
Treasury shares | (1,136,188) | (1,046,108) | (1,136,188) | |||
Equity attributable to shareholders of the parent company | 42,503,676 | 39,133,859 | 38,533,918 | |||
Non-controlling interests | 857,783 | 789,776 | 585,407 | |||
Total equity | [4] | 43,361,459 | 39,923,635 | 39,119,325 | ||
Total liabilities and equity | ₩ 610,672,192 | $ 562,256,302 | ₩ 518,538,117 | |||
[1] | Gains on disposal of investments in associates and joint ventures amount to KRW 1,423 million KRW 24,768 million for the years ended December 31, 2019 and 2020, respectively. | |||||
[2] | Assets and liabilities of the reporting segments are amounts before intersegment transactions. | |||||
[3] | Retained earnings restricted for dividend at subsidiaries level pursuant to law and regulations amounts to KRW 3,587,439 million as of December 31, 2020. | |||||
[4] | The consolidated statements of changes in equity for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Consolidated Statements Of Comp
Consolidated Statements Of Comprehensive Income $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩)₩ / shares | Dec. 31, 2020USD ($)$ / shares | Dec. 31, 2019KRW (₩)₩ / shares | Dec. 31, 2018KRW (₩)₩ / shares | ||
Statement Of Comprehensive Income Abstract [Abstract] | |||||
Interest income | [1] | ₩ 14,485,747 | $ 13,337,275 | ₩ 14,639,187 | ₩ 13,734,569 |
Interest income from financial instruments at fair value through other comprehensive income and amortized cost | [1] | 13,826,382 | 12,730,186 | 13,935,124 | 12,986,209 |
Interest income from financial instruments at fair value through profit or loss | [1] | 659,365 | 607,089 | 704,063 | 748,360 |
Interest expense | [1] | (4,763,473) | (4,385,812) | (5,442,400) | (4,829,641) |
Net interest income | [1] | 9,722,274 | 8,951,463 | 9,196,787 | 8,904,928 |
Fee and commission income | [1] | 4,527,024 | 4,168,109 | 3,879,247 | 3,717,720 |
Fee and commission expense | [1] | (1,568,085) | (1,443,763) | (1,524,243) | (1,474,344) |
Net fee and commission income | [1] | 2,958,939 | 2,724,346 | 2,355,004 | 2,243,376 |
Insurance income | [1] | 14,386,640 | 13,246,025 | 12,317,182 | 11,975,070 |
Insurance expense | [1] | (14,086,647) | (12,969,816) | (12,017,670) | (11,484,954) |
Net insurance income | [1] | 299,993 | 276,209 | 299,512 | 490,116 |
Net gains on financial instruments at fair value through profit or loss before applying overlay approach | [1] | 1,221,610 | 1,124,757 | 912,187 | 350,490 |
Net gains (losses) on overlay adjustment | [1] | (210,244) | (193,575) | (268,315) | 813 |
Net gains on financial instruments at fair value through profit or loss | [1] | 1,011,366 | 931,182 | 643,872 | 351,303 |
Net other operating expenses | [1] | (1,499,930) | (1,381,011) | (1,063,324) | (1,130,036) |
General and administrative expenses | [1] | (6,833,152) | (6,291,399) | (6,271,017) | (5,918,512) |
Operating profit before provision for credit losses | [1] | 5,659,490 | 5,210,790 | 5,160,834 | 4,941,175 |
Provision for credit losses | [1],[2] | (1,043,498) | (960,767) | (670,185) | (673,694) |
Net operating income | [1] | 4,615,992 | 4,250,023 | 4,490,649 | 4,267,481 |
Share of profit (losses) of investments in associates and joint ventures | [1],[2] | (43,750) | (40,281) | 16,451 | 24,260 |
Net other non-operating income | [1] | 189,390 | 174,374 | 26,886 | 9,791 |
Net non-operating income | [1] | 145,640 | 134,093 | 43,337 | 34,051 |
Profit before income tax expense | [1] | 4,761,632 | 4,384,116 | 4,533,986 | 4,301,532 |
Income tax expense | [1] | (1,259,351) | (1,159,506) | (1,220,787) | (1,239,586) |
Profit for the year | [1],[2],[3] | 3,502,281 | 3,224,610 | 3,313,199 | 3,061,946 |
Items that will not be reclassified to profit or loss | |||||
Remeasurements of net defined benefit liabilities | [1],[3] | (10,385) | (9,561) | (55,827) | (138,016) |
Share of other comprehensive loss of associates and joint ventures | [1] | (1) | (1) | (105) | (74) |
Net gains (losses) on equity instruments at fair value through other comprehensive income | [1] | 822,140 | 756,958 | (17,329) | (31,169) |
Fair value changes on financial liabilities designated at fair value due to own credit risk | [1],[3] | 8,819 | 8,120 | (11,372) | 1,484 |
Items that will not be reclassified to profit or loss (Sub Total) | [1] | 820,573 | 755,516 | (84,633) | (167,775) |
Items that may be reclassified subsequently to profit or loss | |||||
Exchange differences on translating foreign operations | [1],[3] | (187,283) | (172,435) | 37,861 | 48,820 |
Net gains (losses) on debt instruments at fair value through other comprehensive income | [1] | (356,572) | (328,302) | 35,490 | 119,182 |
Shares of other comprehensive income (loss) of associates and joint ventures | [1] | (6,846) | (6,303) | 7,800 | (3,659) |
Losses on cash flow hedging instruments | [1],[3] | (1,264) | (1,164) | (33,182) | (9,038) |
Gains (losses) on hedging instruments of net investments in foreign operations | [1],[3] | 64,269 | 59,174 | (8,900) | (27,134) |
Other comprehensive income (loss) arising from separate account | [1] | (9,683) | (8,915) | 3,364 | 28,709 |
Net gains on overlay approach adjustment | [1],[3] | 152,125 | 140,064 | 194,223 | 413 |
Items that may be reclassified subsequently to profit or loss(Sub Total) | [1] | (345,254) | (317,881) | 236,656 | 157,293 |
Other comprehensive income(loss) for the year, net of tax | [1] | 475,319 | 437,635 | 152,023 | (10,482) |
Total comprehensive income for the year | [1] | 3,977,600 | 3,662,245 | 3,465,222 | 3,051,464 |
Profit attributable to: | |||||
Shareholders of the parent company | [1] | 3,455,151 | 3,181,217 | 3,311,828 | 3,061,191 |
Non-controlling interests | [1] | 47,130 | 43,393 | 1,371 | 755 |
Profit attributable (Sub Total) | [1],[2],[3] | 3,502,281 | 3,224,610 | 3,313,199 | 3,061,946 |
Comprehensive Income Attributable To Abstract [Abstract] | |||||
Shareholders of the parent company | [1] | 3,956,113 | 3,642,462 | 3,463,567 | 3,050,805 |
Non-controlling interests | [1] | 21,487 | 19,783 | 1,655 | 659 |
Total comprehensive income for the year | [1] | ₩ 3,977,600 | $ 3,662,245 | ₩ 3,465,222 | ₩ 3,051,464 |
Earnings Per Share | |||||
Basic earnings per share | (per share) | [1] | ₩ 8,809 | $ 8.11 | ₩ 8,451 | ₩ 7,721 |
Diluted earnings per share | (per share) | [1] | ₩ 8,697 | $ 8.01 | ₩ 8,389 | ₩ 7,676 |
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[2] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[3] | The consolidated statements of changes in equity for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Consolidated Statements Of Chan
Consolidated Statements Of Changes In Equity $ in Thousands, ₩ in Millions | KRW (₩) | USD ($) | Share capitalKRW (₩) | Share capitalUSD ($) | Hybrid InstrumentKRW (₩) | Hybrid InstrumentUSD ($) | Capital surplusKRW (₩) | Capital surplusUSD ($) | Accumulated other comprehensive incomeKRW (₩) | Accumulated other comprehensive incomeUSD ($) | Retained earningsKRW (₩) | Retained earningsUSD ($) | Treasury sharesKRW (₩) | Treasury sharesUSD ($) | Non-controlling interestsKRW (₩) | Non-controlling interestsUSD ($) | ||||||||||
Balance at beginning at Dec. 31, 2017 | [1] | ₩ 34,044,829 | ₩ 2,090,558 | ₩ 17,122,228 | ₩ 537,668 | ₩ 15,044,204 | ₩ (755,973) | ₩ 6,144 | ||||||||||||||||||
Comprehensive income | ||||||||||||||||||||||||||
Profit for the year | [1] | 3,061,946 | [2],[3] | 0 | 0 | 0 | 3,061,191 | 0 | 755 | |||||||||||||||||
Remeasurements of net defined benefit liabilities | [1] | (138,016) | [3] | 0 | 0 | (138,016) | 0 | 0 | 0 | |||||||||||||||||
Exchange differences on translating foreign operations | [1] | 48,820 | [3] | 0 | 0 | 48,916 | 0 | 0 | (96) | |||||||||||||||||
Valuation gains on financial investments | [1] | 0 | ||||||||||||||||||||||||
Net gains (losses) on financial instruments at fair value through other comprehensive income | [1] | 103,511 | 0 | 0 | 88,013 | 15,498 | 0 | 0 | ||||||||||||||||||
Share of other comprehensive income (losses) of associates and joint ventures | [1] | (3,733) | 0 | 0 | (3,733) | 0 | 0 | 0 | ||||||||||||||||||
Losses on cash flow hedging instruments | [1] | (9,038) | [3] | 0 | 0 | (9,038) | 0 | 0 | 0 | |||||||||||||||||
Gains (losses) on hedging instruments of net investments in foreign operations | [1] | (27,134) | [3] | 0 | 0 | (27,134) | 0 | 0 | 0 | |||||||||||||||||
Other comprehensive income arising from separate account | [1] | 28,709 | 0 | 0 | 28,709 | 0 | 0 | 0 | ||||||||||||||||||
Fair value changes on financial liabilities designated at fair value due to own credit risk | [1] | 1,484 | [3] | 0 | 0 | 1,484 | 0 | 0 | 0 | |||||||||||||||||
Net gains on overlay approach adjustment | [1] | 413 | [3] | 0 | 0 | 413 | 0 | 0 | 0 | |||||||||||||||||
Total comprehensive income(loss) | [1] | 3,066,962 | 0 | 0 | (10,386) | 3,076,689 | 0 | 659 | ||||||||||||||||||
Transactions with shareholders | ||||||||||||||||||||||||||
Annual dividends paid to shareholders of the parent company | [1] | (766,728) | 0 | 0 | 0 | (766,728) | 0 | 0 | ||||||||||||||||||
Acquisition and retirement of treasury shares | [1] | (212,576) | 0 | 0 | 0 | 0 | (212,576) | 0 | ||||||||||||||||||
Non-controlling interests changes in business combination | [1] | 2,238 | 0 | 0 | 0 | 0 | 0 | 2,238 | ||||||||||||||||||
Others | [1] | (498) | 0 | (568) | 0 | 0 | 0 | 70 | ||||||||||||||||||
Total transactions with shareholders | [1] | (977,564) | 0 | (568) | 0 | (766,728) | (212,576) | 2,308 | ||||||||||||||||||
Balance at ending at Dec. 31, 2018 | [1] | 35,713,027 | 2,090,558 | ₩ 0 | 17,121,660 | 177,806 | 17,282,441 | (968,549) | 9,111 | |||||||||||||||||
The effect of changing of accounting policy | [1] | (421,200) | 0 | 0 | (349,476) | (71,724) | 0 | 0 | ||||||||||||||||||
Balance after reflecting the effect of accounting policy | [1] | 33,623,629 | 2,090,558 | 17,122,228 | 188,192 | 14,972,480 | (755,973) | 6,144 | ||||||||||||||||||
Comprehensive income | ||||||||||||||||||||||||||
Profit for the year | 3,313,199 | [1],[2],[3] | 0 | [1] | 0 | [1] | 0 | 0 | [1] | 3,311,828 | [1] | 0 | [1] | 1,371 | [1] | |||||||||||
Remeasurements of net defined benefit liabilities | [1] | (55,827) | [3] | 0 | 0 | 0 | (55,827) | 0 | 0 | 0 | ||||||||||||||||
Exchange differences on translating foreign operations | [1] | 37,861 | [3] | 0 | 0 | 0 | 37,577 | 0 | 0 | 284 | ||||||||||||||||
Net gains (losses) on financial instruments at fair value through other comprehensive income | [1] | 18,162 | 0 | 0 | 0 | 36,637 | (18,475) | 0 | 0 | |||||||||||||||||
Share of other comprehensive income (losses) of associates and joint ventures | [1] | 7,695 | 0 | 0 | 0 | 7,695 | 0 | 0 | 0 | |||||||||||||||||
Losses on cash flow hedging instruments | [1] | (33,182) | [3] | 0 | 0 | 0 | (33,182) | 0 | 0 | 0 | ||||||||||||||||
Gains (losses) on hedging instruments of net investments in foreign operations | [1] | (8,900) | [3] | 0 | 0 | 0 | (8,900) | 0 | 0 | 0 | ||||||||||||||||
Other comprehensive income arising from separate account | [1] | 3,364 | 0 | 0 | 0 | 3,364 | 0 | 0 | 0 | |||||||||||||||||
Fair value changes on financial liabilities designated at fair value due to own credit risk | [1] | (11,372) | [3] | 0 | 0 | 0 | (11,372) | 0 | 0 | 0 | ||||||||||||||||
Net gains on overlay approach adjustment | [1] | 194,223 | [3] | 0 | 0 | 0 | 194,223 | 0 | 0 | 0 | ||||||||||||||||
Total comprehensive income(loss) | [1] | 3,465,223 | 0 | 0 | 0 | 170,215 | 3,293,353 | 0 | 1,655 | |||||||||||||||||
Transactions with shareholders | ||||||||||||||||||||||||||
Annual dividends paid to shareholders of the parent company | [1] | (759,736) | 0 | 0 | 0 | 0 | (759,736) | 0 | 0 | |||||||||||||||||
Issuance of hybrid securities | [1] | 973,785 | 0 | 399,205 | 0 | 0 | 0 | 0 | 574,580 | |||||||||||||||||
Dividends on hybrid securities | [1] | (6,513) | 0 | 0 | 0 | 0 | (6,513) | 0 | 0 | |||||||||||||||||
Acquisition and retirement of treasury shares | [1] | (267,639) | 0 | 0 | 0 | 0 | (100,000) | (167,639) | 0 | |||||||||||||||||
Others | [1] | 1,178 | 0 | 0 | 1,117 | 0 | 0 | 0 | 61 | |||||||||||||||||
Total transactions with shareholders | [1] | (58,925) | 0 | 399,205 | 1,117 | 0 | (866,249) | (167,639) | 574,641 | |||||||||||||||||
Balance at ending at Dec. 31, 2019 | 39,119,325 | [1] | $ 36,017,830 | 2,090,558 | [1] | $ 1,924,812 | 399,205 | [1] | $ 367,555 | 17,122,777 | [1] | $ 15,765,233 | 348,021 | [1] | $ 320,429 | 19,709,545 | [1] | $ 18,146,914 | (1,136,188) | [1] | $ (1,046,108) | 585,407 | [1] | $ 538,995 | ||
Comprehensive income | ||||||||||||||||||||||||||
Profit for the year | [1] | 3,502,281 | [2],[3] | 3,224,610 | [2],[3] | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,455,151 | 3,181,217 | 0 | 0 | 47,130 | 43,393 | |||||||
Remeasurements of net defined benefit liabilities | [1] | (10,385) | [3] | (9,561) | [3] | 0 | 0 | 0 | 0 | 0 | 0 | (10,096) | (9,296) | 0 | 0 | 0 | 0 | (289) | (265) | |||||||
Exchange differences on translating foreign operations | [1] | (187,283) | [3] | (172,435) | [3] | 0 | 0 | 0 | 0 | 0 | 0 | (162,906) | (149,991) | 0 | 0 | 0 | 0 | (24,377) | (22,444) | |||||||
Net gains (losses) on financial instruments at fair value through other comprehensive income | [1] | 465,568 | 428,657 | 0 | 0 | 0 | 0 | 0 | 0 | 229,899 | 211,672 | 236,648 | 217,886 | 0 | 0 | (979) | (901) | |||||||||
Share of other comprehensive income (losses) of associates and joint ventures | [1] | (6,847) | (6,304) | 0 | 0 | 0 | 0 | 0 | 0 | (6,847) | (6,304) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Losses on cash flow hedging instruments | [1] | (1,264) | [3] | (1,164) | [3] | 0 | 0 | 0 | 0 | 0 | 0 | (1,264) | (1,164) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Gains (losses) on hedging instruments of net investments in foreign operations | [1] | 64,269 | [3] | 59,174 | [3] | 0 | 0 | 0 | 0 | 0 | 0 | 64,269 | 59,174 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Other comprehensive income arising from separate account | [1] | (9,683) | (8,915) | 0 | 0 | 0 | 0 | 0 | 0 | (9,683) | (8,915) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Fair value changes on financial liabilities designated at fair value due to own credit risk | [1] | 8,819 | [3] | 8,120 | [3] | 0 | 0 | 0 | 0 | 0 | 0 | 8,819 | 8,120 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Net gains on overlay approach adjustment | [1] | 152,125 | [3] | 140,064 | [3] | 0 | 0 | 0 | 0 | 0 | 0 | 152,125 | 140,064 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Total comprehensive income(loss) | [1] | 3,977,600 | 3,662,246 | 0 | 0 | 0 | 0 | 0 | 0 | 264,316 | 243,360 | 3,691,799 | 3,399,102 | 0 | 0 | 21,485 | 19,784 | |||||||||
Transactions with shareholders | ||||||||||||||||||||||||||
Annual dividends paid to shareholders of the parent company | [1] | (861,092) | (792,822) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (861,092) | (792,822) | 0 | 0 | 0 | 0 | |||||||||
Issuance of hybrid securities | [1] | 1,296,783 | 1,193,970 | 0 | 0 | 1,296,783 | 1,193,970 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Dividends on hybrid securities | [1] | (48,518) | (44,671) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (22,860) | (21,047) | 0 | 0 | (25,658) | (23,624) | |||||||||
Non-controlling interests changes in business combination | [1] | 247,008 | 227,424 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 247,008 | 227,424 | |||||||||
Others | [1] | (369,647) | (340,342) | 0 | 0 | 0 | 0 | (399,188) | (367,540) | 0 | 0 | 0 | 0 | 0 | 0 | 29,541 | 27,198 | |||||||||
Total transactions with shareholders | [1] | 264,534 | 243,559 | 0 | 0 | 1,296,783 | 1,193,970 | (399,188) | (367,540) | 0 | 0 | (883,952) | (813,869) | 0 | 0 | 250,891 | 230,998 | |||||||||
Balance at ending at Dec. 31, 2020 | [1] | ₩ 43,361,459 | $ 39,923,635 | ₩ 2,090,558 | $ 1,924,812 | ₩ 1,695,988 | $ 1,561,525 | ₩ 16,723,589 | $ 15,397,693 | ₩ 612,337 | $ 563,789 | ₩ 22,517,392 | $ 20,732,148 | ₩ (1,136,188) | $ (1,046,108) | ₩ 857,783 | $ 789,776 | |||||||||
[1] | The consolidated statements of changes in equity for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||||||||||||||||||||||||
[2] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||||||||||||||||||||||||
[3] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Cash Flows
Cash Flows $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Cash flows from operating activities | |||||
Profit for the year | [1],[2],[3] | ₩ 3,502,281 | $ 3,224,610 | ₩ 3,313,199 | ₩ 3,061,946 |
Adjustment for non-cash items | |||||
Net gains on financial assets/liabilities at fair value through profit or loss | [1] | (566,447) | (521,538) | (438,567) | (104,755) |
Net losses(gains) on derivative financial instruments for hedging purposes | [1] | (52,696) | (48,519) | (3,835) | 186,029 |
Adjustment of fair value of derivative financial instruments | [1] | (3,198) | (2,945) | 282 | 410 |
Provision for credit loss | [1],[3] | 1,043,498 | 960,767 | 670,185 | 673,694 |
Net losses(gains) on financial investments | [1] | (278,805) | (256,702) | (206,192) | (99,253) |
Share of profit of associates and joint ventures | [1],[3] | 43,750 | 40,281 | (16,451) | (24,260) |
Depreciation and amortization expense | [1] | 874,911 | 805,545 | 784,431 | 409,481 |
Depreciation and amortization expense on VOBA | [1] | 173,866 | 160,082 | 192,459 | 214,153 |
Other net losses (gains) on property and equipment/intangible assets | [1] | (124,218) | (114,369) | (33,238) | (138,553) |
Share-based payments | [1] | 49,364 | 45,450 | 49,418 | 10,930 |
Policy reserve appropriation | [1] | 2,709,818 | 2,494,976 | 1,546,271 | 1,608,175 |
Post-employment benefits | [1] | 235,231 | 216,581 | 231,913 | 220,215 |
Net interest expense | [1] | 458,210 | 421,883 | 313,550 | 277,152 |
Net losses (gains) on foreign currency translation | [1] | (116,786) | (107,526) | (74,488) | (142,586) |
Gains on bargain purchase | [1] | (145,067) | (133,566) | 0 | 0 |
Net other expense | [1] | 524,742 | 483,141 | 390,074 | 207,025 |
Adjustment for non-cash items (Sub-total) | [1] | 4,826,173 | 4,443,541 | 3,405,812 | 3,297,857 |
Changes in operating assets and liabilities | |||||
Financial asset at fair value through profit or loss | [1] | (7,139,647) | (6,573,595) | (916,415) | (8,446,927) |
Derivative financial instruments | [1] | (38,376) | (35,333) | (644,342) | 151,297 |
Loans at fair value through other comprehensive income | [1] | 81,803 | 75,318 | 15,536 | (40,413) |
Loans at amortized cost | [1] | (31,126,636) | (28,658,825) | (21,681,258) | (31,334,606) |
Current income tax assets | [1] | (54,539) | (50,215) | (9,091) | (3,668) |
Deferred income tax assets | [1] | (15,108) | (13,910) | 803 | (557) |
Other assets | [1] | (9,126,046) | (8,402,507) | (3,668,385) | (2,292,160) |
Financial liabilities at fair value through profit or loss | [1] | (3,247,108) | (2,989,668) | (77,231) | 3,690,005 |
Deposits | [1] | 27,381,662 | 25,210,763 | 28,480,993 | 20,679,844 |
Current income tax liabilities | [1] | 323,313 | 297,679 | (266,204) | 264,765 |
Deferred income tax liabilities | [1] | (125,066) | (115,150) | 235,209 | 115,208 |
Other liabilities | [1] | 3,216,600 | 2,961,577 | 1,212,080 | 1,899,791 |
Changes in operating assets and liabilities (Sub-total) | [1] | (19,869,148) | (18,293,866) | 2,681,695 | (15,317,421) |
Net cash inflow (outflow) from operating activities | [1] | (11,540,694) | (10,625,715) | 9,400,706 | (8,957,618) |
Cash flows from investing activities | |||||
Net cash flows from derivative financial instruments for hedging purposes | [1] | (64,177) | (59,089) | (206,680) | 42,305 |
Disposal of financial asset at fair value through profit or loss | [1] | 14,169,758 | 13,046,338 | 11,364,615 | 9,582,940 |
Acquisition of financial asset at fair value through profit or loss | [1] | (13,923,371) | (12,819,485) | (12,359,886) | (8,707,420) |
Disposal of financial investments | [1] | 83,143,443 | 76,551,586 | 69,489,132 | 60,773,660 |
Acquisition of financial investments | [1] | (92,206,817) | (84,896,389) | (79,083,472) | (64,729,380) |
Disposal of investments in associates and joint ventures | [1] | 210,266 | 193,595 | 26,185 | 34,717 |
Acquisition of investments in associates and joint ventures | [1] | (515,342) | (474,484) | (92,200) | (187,077) |
Disposal of property and equipment | [1] | 6,465 | 5,952 | 12,786 | 2,272 |
Acquisition of property and equipment | [1] | (424,862) | (391,178) | (608,736) | (452,270) |
Disposal of investment property | [1] | 646,263 | 595,025 | 94,207 | 140,969 |
Acquisition of investment property | [1] | (53,196) | (48,978) | (806,088) | (1,288,125) |
Disposal of intangible assets | [1] | 14,303 | 13,169 | 14,694 | 10,706 |
Acquisition of intangible assets | [1] | (182,859) | (168,361) | (333,557) | (126,163) |
Net cash flows from the change in subsidiaries | [1] | (1,951,245) | (1,796,545) | ||
Net cash flows from the change in subsidiaries | [1] | 91,592 | 188,140 | ||
Others | [1] | 142,961 | 131,627 | 62,984 | 234,440 |
Net cash outflow from investing activities | [1] | (10,988,410) | (10,117,217) | (12,334,424) | (4,480,286) |
Cash flows from financing activities | |||||
Net cash flows from derivative financial instruments for hedging purposes | [1] | (16,202) | (14,918) | (28,631) | 15,044 |
Net increase in borrowings | [1] | 10,683,659 | 9,836,627 | 5,027,313 | 4,216,014 |
Increase in debentures | [1] | 119,705,016 | 110,214,450 | 93,655,747 | 143,603,589 |
Decrease in debentures | [1] | (107,760,800) | (99,217,206) | (96,145,669) | (135,180,630) |
Increase (decrease) in other payables from trust accounts | [1] | 2,326,495 | 2,142,043 | (68,648) | 267,077 |
Dividends paid to shareholders of the parent company | [1] | (861,092) | (792,822) | (759,736) | (766,728) |
Dividends paid on hybrid securities | [1] | (22,860) | (21,047) | (6,513) | 0 |
Acquisition of treasury shares | [1] | 0 | 0 | (274,317) | (224,700) |
Decrease (increase) in non-controlling interests | [1] | (25,658) | (23,624) | 574,580 | 0 |
Issuance of hybrid securities | [1] | 1,296,783 | 1,193,970 | 399,205 | 0 |
Redemption of principal elements of lease payments | [1] | (235,498) | (216,827) | (229,750) | 0 |
Others | [1] | 172,433 | 158,762 | 134,027 | (185,894) |
Net cash inflow from financing activities | [1] | 25,262,276 | 23,259,408 | 2,277,608 | 11,743,772 |
Effect of exchange rate changes on cash and cash equivalents | [1] | (171,805) | (158,184) | 137,019 | (67,950) |
Net increase (decrease) in cash and cash equivalents | [1] | 2,561,367 | 2,358,292 | (519,091) | (1,762,082) |
Cash and cash equivalents at the beginning of the year | [1] | 6,123,725 | 5,638,218 | 6,642,816 | 8,404,898 |
Cash and cash equivalents at the end of the year | [1] | ₩ 8,685,092 | $ 7,996,510 | ₩ 6,123,725 | ₩ 6,642,816 |
[1] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[2] | The consolidated statements of changes in equity for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[3] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
The Parent Company
The Parent Company | 12 Months Ended |
Dec. 31, 2020 | |
Entity Information Abstract [Abstract] | |
Disclosure Of Notes And Other Explanatory Information Explanatory | 1. The Parent Company KB Financial Group Inc. (the “Parent Company”) was incorporated on September 29, 2008, under the Financial Holding Companies Act of Korea. KB Financial Group Inc. and its subsidiaries (the “Group”) derive substantially all of their revenue and income from providing a broad range of banking and related financial services to consumers and corporations primarily in Korea and in selected international markets. The Parent Company’s principal business includes ownership and management of subsidiaries and associated companies that are engaged in financial services or activities. In 2011, Kookmin Bank spun off its credit card business segment and established a new separate credit card company, KB Kookmin Card Co., Ltd. and KB Investment & Securities Co., Ltd. merged with KB Futures Co., Ltd. The Group established KB Savings Bank Co., Ltd. in January 2012, acquired Yehansoul Savings Bank Co., Ltd. in September 2013, and KB Savings Bank Co., Ltd. merged with Yehansoul Savings Bank Co., Ltd. in January 2014. In March 2014, the Group acquired Woori Financial Co., Ltd. and changed the name to KB Capital Co., Ltd. Meanwhile, the Group included LIG Insurance Co., Ltd. as an associate and changed the name to KB Insurance Co., Ltd. in June 2015, and KB Insurance Co., Ltd. became one of the subsidiaries through a tender offer in May 2017. Also, the Group included Hyundai Securities Co., Ltd. as an associate in June 2016 and included as a subsidiary in October 2016 by comprehensive exchange of shares. Hyundai Securities Co., Ltd. merged with KB Investment & Securities Co., Ltd. in December 2016 and changed its name to KB Securities Co., Ltd. in January 2017. In August 2020, the Group acquired Prudential Life Insurance Company of Korea Ltd., which was classified as a subsidiary. The Parent Company’s share capital as of December 31, 2020, is ₩ 2,090,558 million. The Parent Company has been listed on the Korea Exchange (“KRX”) since October 10, 2008, and on the New York Stock Exchange (“NYSE”) for its American Depositary Shares (“ADS”) since September 29, 2008. Number of shares authorized in its Articles of Incorporation is 1,000 million. |
Basis of Preparation
Basis of Preparation | 12 Months Ended |
Dec. 31, 2020 | |
Basis Of Preparation Of Financial Statements Abstract [Abstract] | |
Disclosure Of Basis Of Preparation Of Financial Statements Explanatory | 2. Basis of Preparation 2.1 Application of IFRS The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS are the standards, subsequent amendments and related interpretations (“IFRICs”) issued by the International Accounting Standards Board (“IASB”). The preparation of the consolidated financial statements requires the use of certain critical accounting estimates. Management also needs to exercise judgment in applying the Group’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 2.4. 2.1.1 The Group has applied the following amended standards for the first time for its annual reporting period commencing January 1, 2020. • Amendments to IAS No.1 Presentation of Financial Statements Accounting policies, changes in accounting estimates and errors – Definition of Material The amendments clarify the definition of material. Information is material if omitting, misstating or obscuring it could reasonably be expected to influence the decisions that the primary users of general-purpose financial statements make on the basis of those financial statements. These amendments do not have a significant impact on the consolidated financial statements. • Amendments to IFRS No.3 Business Combination – Definition of a Business The amended definition of a business requires an acquisition to include an input and a substantive process that together significantly contribute to the ability to create outputs and the definition of output excludes the returns in the form of lower costs and other economic benefits. If substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, an entity may elect to apply an optional concentration test that permits a simplified assessment of whether an acquired set of activities and assets is not a business. These amendments do not have a significant impact on the consolidated financial statements. However, these amendments may have impact on the consolidated financial statements if business combination occurs in the future. 2.1.2 The Group has early adopted the following amended standards. • Amendments to IFRS No.7 Financial Instruments: Disclosure Financial Instruments – Interest Rate Benchmark Reform These amendments provide exceptions applying hedge accounting even though interest rate benchmark reform gives rise to uncertainties. In the hedging relationship, an entity shall assume that the interest rate benchmark on which the hedge cash flows are based is not altered as a result of interest rate benchmark reform when determining whether a forecast transaction is highly probable and prospectively assessing hedging effectiveness. For a hedge of a non-contractually The significant benchmark interest rate indicators for the hedge relationship are LIBOR and CD, and those affected by these amendments should be referred to Note 9. 2.1.3 The following new and amended standards have been published that are not mandatory for December 31, 2020 reporting periods and have not been early adopted by the Group. • Amendments to IFRS No.16 Leases – Practical expedient for COVID-19-Related As a practical expedient, a lessee may elect not to assess whether a rent concession occurring as a direct consequence of the COVID-19 • Amendments to IFRS No.9 Financial Instruments Financial Instruments: Recognition and Measurement Financial Instruments: Disclosure Insurance Contracts Lease – Interest Rate Benchmark Reform In relation to interest rate benchmark reform, the amendments provide a practical expedient allowing entities to change the effective interest rate instead of changing the carrying amount and apply hedge accounting without discontinuance although the interest rate benchmark is replaced in hedging relationship. The amendments should be applied for annual periods beginning on or after January 1, 2021, and earlier application is permitted. The Group does not expect that these amendments have a significant impact on the consolidated financial statements. • Amendments to IFRS No.3 Business Combination – Reference to the Conceptual Framework The amendments update a reference of definition of assets and liabilities to qualify for recognition in revised Conceptual Framework for Financial Reporting. However, the amendments add an exception for the recognition of liabilities and contingent liabilities within the scope of IAS No.37 Provisions, Contingent Liabilities and Contingent Assets Levies • Amendments to IAS No.16 Property, Plant and Equipment – Proceeds before intended use The amendments prohibit an entity from deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while the entity is preparing the asset for its intended use. Instead, the entity will recognize the proceeds from selling such items, and the costs of producing those items, as profit or loss. The amendments should be applied for annual periods beginning on or after January 1, 2022, and earlier application is permitted. The Group does not expect that these amendments have a significant impact on the consolidated financial statements. • Amendments to IAS No.37 Provisions, Contingent Liabilities and Contingent Assets – Onerous Contracts: Cost of Fulfilling a Contract The amendments clarify that the direct costs of fulfilling a contract include both the incremental costs of fulfilling the contract and an allocation of other costs directly related to fulfilling contracts when assessing whether the contract is onerous. The amendments should be applied for annual periods beginning on or after January 1, 2022, and earlier application is permitted. The Group does not expect that these amendments have a significant impact on the consolidated financial statements. • Annual improvements to IFRS 2018-2020 Annual improvements of IFRS 2018-2020 Cycle should be applied for annual periods beginning on or after January 1, 2022, and earlier application is permitted. The Group does not expect that these amendments have a significant impact on the consolidated financial statements. • IFRS No.1 First time Adoption of International Financial Reporting Standards • IFRS No.9 Financial Instruments • IFRS No.16 Leases • IAS No.41 Agricultur • Amendments to IAS No.1 Presentation of Financial Statements – Classification of Liabilities as Current or Non-current The amendments clarify that liabilities are classified as either current or non-current, • IFRS No.17 Insurance Contracts IFRS No.17 Insurance Contracts 2.2 Measurement Basis The consolidated financial statements have been prepared based on the historical cost accounting model unless otherwise specified. 2.3 Functional and Presentation Currency Items included in the financial statements of each entity of the Group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The consolidated financial statements are presented in Korean won, which is the Parent Company’s functional and presentation currency. 2.4 Critical Accounting Estimates The preparation of the consolidated financial statements requires the application of accounting policies, certain critical accounting estimates and assumptions that may have a significant impact on the assets (liabilities) and incomes (expenses). Management’s estimates of outcomes may differ from actual outcomes if management’s estimates and assumptions based on management’s best judgment at the reporting date are different from the actual environment. Estimates and underlying assumptions are continually evaluated, and changes in accounting estimates are recognized in the period in which the estimates are changed and in any future periods affected. Uncertainties in estimates and assumptions with significant risks that may result in material adjustments to the consolidated financial statements are as follows: 2.4.1 Income taxes The Group is operating in numerous countries and the income generated from these operations is subject to income taxes based on tax laws and interpretations of tax authorities in numerous jurisdictions. There are many transactions and calculations for which the ultimate tax determination is uncertain. If certain portion of the taxable income is not used for investments, wages, etc. in accordance with the Korean regulation called ‘Special Taxation for Facilitation of Investment and Mutually-beneficial Cooperation’, the Group is liable to pay additional income tax calculated based on the tax laws. Therefore, the effect of recirculation of corporate income should be reflected in current and deferred income tax. As the Group’s income tax is dependent on the actual investments, wages, etc. per each year, there are uncertainties with regard to measuring the final tax effects during the period when the tax law is applied. 2.4.2 Fair value of financial instruments The fair value of financial instruments where no active market exists or where quoted prices are not otherwise available is determined by using valuation techniques. Financial instruments, which are not actively traded in the market and those with less transparent market prices, will have less objective fair values and require broad judgment on liquidity, concentration, uncertainty in market factors and assumptions in fair value determination and other risks. As described in the significant accounting policies in Note 3.3, ‘Recognition and Measurement of Financial Instruments’, diverse valuation techniques are used to determine the fair value of financial instruments, from generally accepted market valuation models to internally developed valuation models that incorporate various types of assumptions and variables. 2.4.3 Allowances and provisions for credit losses The Group recognizes and measures allowances for credit losses of debt instruments measured at amortized cost, debt instruments measured at fair value through other comprehensive income, and lease receivables. Also, the Group recognizes and measures provisions for credit losses of acceptances and guarantees, and unused loan commitments. Accuracy of allowances and provisions for credit losses is dependent upon estimation of expected cash flows of the borrower for individually assessed loans, and upon assumptions and methodology used for collectively assessed groups of loans, acceptances and guarantees and unused loan commitments. 2.4.4 Net defined benefit liability The present value of the net defined benefit liability is affected by changes in the various factors determined by the actuarial method. 2.4.5 Impairment of goodwill The recoverable amounts of cash-generating units are determined based on value-in-use 2.4.6 Estimated claims for Incurred But Not Reported (“IBNR”) An amount of IBNR is the total sum of estimated insurance claims that shall be paid for accidents that occurred but have not been reported to the Group and the estimated amount of insurance proceeds that shall be additionally paid upon resumption of payment claims. The Group calculates IBNR by applying statistical methods in risk units designated in Detailed Regulations on Supervision of Insurance Business, and records IBNR in reserve for outstanding claims of insurance liability. IBNR based on statistical methods requires significant accounting estimates in determining appropriate model applied by accident year (PLDM, ILDM, BFM, and others) and development parameters. 2.4.7 Assessment of expected credit losses of financial instruments related to COVID-19 The proliferation of COVID-19 COVID-19 COVID-19, (non-impaired) COVID-19 |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies Abstract [Abstract] | |
Disclosure Of Summary Of Significant Accounting Policies Explanatory | 3. Significant Accounting Policies The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. For the comparative purpose, certain information in the notes for the year ended December 31, 2019 have been reclassified to conform to the presentation for the year ended December 31, 2020. 3.1 Consolidation 3.1.1 Subsidiaries Subsidiaries are companies that are 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. Also, the existence and effects of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls the investee. Subsidiaries are fully consolidated from the date when control is transferred to the Group and de-consolidated If a subsidiary uses accounting policies other than those adopted in the consolidated financial statements for like transactions and events in similar circumstances, appropriate adjustments are made to that subsidiary’s financial statements in preparing the consolidated financial statements to ensure conformity with the Group’s accounting policies. Profit or loss and each component of other comprehensive income are attributed to the owners of the Parent Company and to the non-controlling non-controlling non-controlling Transactions with non-controlling non-controlling When the Group loses control, any investment retained in the former subsidiary is recognized at its fair value at the date when control is lost, with the resulting difference recognized in profit or loss. This fair value will be the fair value on initial recognition of a financial asset in accordance with IFRS No.9 or, when appropriate, the cost on initial recognition of an investment in an associate or joint venture. In addition, all amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted on the same basis as would be required if the Group had directly disposed of the related assets or liabilities. Therefore, amounts previously recognized in other comprehensive income are reclassified to profit or loss. The Group accounts for each business combination by applying the acquisition method. The consideration transferred is measured at fair value, and identifiable assets acquired, and liabilities and contingent liabilities assumed in a business combination are initially measured at acquisition-date fair values. For each business combination, the Group measures non-controlling In a business combination achieved in stages, the Group shall remeasure its previously held equity interest in the acquiree at its acquisition-date fair value and recognize the resulting gain or loss, if any, in profit or loss or other comprehensive income, as appropriate. In prior reporting periods, the Group may have recognized changes in the value of its equity interest in the acquiree in other comprehensive income. If so, the amount that was recognized in other comprehensive income shall be reclassified as profit or loss, or retained earnings, on the same basis as would be required if the Group had disposed directly of the previously held equity interest. The Group applies the book amount method to account for business combinations of entities under a common control. Identifiable assets acquired and liabilities assumed in a business combination are measured at their book amounts on the consolidated financial statements of the Group. In addition, the difference between (a) the sum of consolidated net book amounts of the assets and liabilities transferred and accumulated other comprehensive income and (b) the consideration paid is recognized as capital surplus. 3.1.2 Associates and joint ventures Associates are entities over which the Group has significant influence over the financial and operating policy decisions. Generally, if the Group holds 20% or more of the voting power of the investee, it is presumed that the Group has significant influence. Joint ventures are investments in which the Group jointly controls over economic activities pursuant to contractual arrangement. Decisions about financial and operating policies require unanimous consent of the parties sharing control. Investments in associates and joint ventures are initially recognized at cost and equity method is applied after initial recognition. The carrying amount is increased or decreased to recognize the Group’s share of the profit or loss of the investee and changes in the investee’s equity after the date of acquisition. Distributions received from an investee reduce the carrying amount of the investment. Unrealized gains and losses resulting from transactions between the Group and associates are eliminated to the extent of the Group’s share in associates. If unrealized losses are indication of an impairment loss that which should be recognized in the consolidated financial statements, those losses are recognized for the period. If associates and joint ventures use accounting policies other than those of the Group for like transactions and events in similar circumstances, if necessary, adjustments shall be made to make the associates’ accounting policies conform to those of the Group when the associates’ financial statements are used by the Group in applying the equity method. If the Group’s share of losses of associates and joint ventures equals or exceeds its interest in the associates (including long-term interests that, in substance, form part of the Group’s net investment in the associate), the Group discontinues recognizing its share of further losses. After the Group’s interest is reduced to zero, additional losses are provided for, and a liability is recognized, only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associates. The Group determines at each reporting period whether there is any objective evidence that the investments in the associates are impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associates and its carrying value and recognizes the amount as non-operating 3.1.3 Structured entity A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. When the Group decides whether it has power over the structured entities in which the Group has interests, it considers factors such as the purpose, the form, the substantive ability to direct the relevant activities of a structured entity, the nature of its relationship with a structured entity and the amount of exposure to variable returns. 3.1.4 Funds management The Group manages and operates trust assets, collective investment and other funds on behalf of investors. These trusts and funds are not consolidated, except for trusts and funds over which the Group has control. 3.1.5 Intragroup transactions Intragroup balances, income, expenses and any unrealized gains and losses resulting from intragroup transactions are eliminated in full, in preparing the consolidated financial statements. If unrealized losses are indication of an impairment loss which should be recognized in the consolidated financial statements, those losses are recognized for the period. 3.2 Foreign Currency 3.2.1 Foreign currency transactions A foreign currency transaction is recorded, at initial recognition in the functional currency, by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated using the closing rate which is the spot exchange rate at the end of the reporting period. Non-monetary non-monetary Except for the exchange difference for the net investment in a foreign operation and the financial liability designated as a hedging instrument of net investment, exchange differences arising on the settlement of monetary items or on translating monetary items is recognized in profit or loss. When gain or loss on a non-monetary non-monetary 3.2.2 Foreign operations The results and financial position of a foreign operation, whose functional currency differs from the Group’s presentation currency, are translated into the Group’s presentation currency based on the following procedures. If the functional currency of a foreign operation is not the currency of a hyperinflationary economy, assets and liabilities for each statement of financial position presented (including comparatives) are translated at the closing rate at the end of the reporting period, income and expenses for each statement of comprehensive income presented (including comparatives) are translated using the average exchange rates for the period. All resulting exchange 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 are treated as assets and liabilities of the foreign operation. Thus, they are expressed in the functional currency of the foreign operation and are translated into the presentation currency at the closing rate. On the disposal of a foreign operation, the cumulative amount of the exchange differences relating to that foreign operation, recognized in other comprehensive income and accumulated in the separate component of equity, is reclassified from equity to profit or loss (as a reclassification adjustment) when the gain or loss on disposal is recognized. On the partial disposal of a subsidiary that includes a foreign operation, the Group re-attributes non-controlling 3.2.3 Translation of the net investment in a foreign operation A monetary item that is receivable from or payable to a foreign operation, for which settlement is neither planned nor likely to occur in the foreseeable future is, in substance, a part of the Group’s net investment in that foreign operation, then foreign currency difference arising from that monetary item is recognized in the other comprehensive income and shall be reclassified to profit or loss on disposal of the net investment. 3.3 Recognition and Measurement of Financial Instruments 3.3.1 Initial recognition The Group recognizes a financial asset or a financial liability in its consolidated statement of financial position when the Group becomes party to the contractual provisions of the instrument. A regular way purchase or sale of financial assets (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned) is recognized and derecognized using trade date accounting. For financial reporting purpose, the Group classifies (a) financial assets as financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, or financial assets at amortized cost and (b) financial liabilities as financial liabilities at fair value through profit or loss, or other financial liabilities. These classifications are based on business model for managing financial instruments and the contractual cash flow characteristics of the financial instrument at initial recognition. At initial recognition, a financial asset or financial liability is measured at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. The fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The fair value of a financial instrument on initial recognition is normally the transaction price (that is, the fair value of the consideration given or received) in an arm’s length transaction. 3.3.2 Subsequent measurement After initial recognition, financial instruments are measured at amortized cost or fair value based on classification at initial recognition. 3.3.2.1 Amortized cost The amortized cost of a financial asset or financial liability is the amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. 3.3.2.2 Fair value The Group uses quoted price in active market which is based on listed market price or dealer price quotations of financial instruments traded in active market as best estimate of fair value. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. If there is no active market for a financial instrument, fair value is determined either by using a valuation technique or independent third-party valuation service. Valuation techniques include using recent arm’s length market transactions between knowledgeable and willing parties, if available, referencing to the current fair value of another instrument that is substantially the same, discounted cash flow analysis and option pricing models. The Group uses valuation models that are commonly used by market participants and customized for the Group to determine fair values of common over-the-counter In addition, the fair value information recognized in the consolidated statement of financial position is classified into the following fair value hierarchy, reflecting the significance of the input variables used in the fair value measurement. Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Group can access at the measurement date Level 2 : Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly Level 3 : Unobservable inputs for the asset or liability 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. For this purpose, the significance of an input is assessed against the fair value measurement in its entirety. If a fair value measurement uses observable inputs that require significant adjustment using unobservable inputs, that measurement is a Level 3 measurement. If the valuation technique does not reflect all factors which market participants would consider in pricing the asset or liability, the fair value is adjusted to reflect those factors. Those factors include counterparty credit risk, bid-ask The Group uses valuation technique which maximizes the use of market inputs and minimizes the use of entity-specific inputs. It incorporates all factors that market participants would consider in pricing the asset or liability and is consistent with economic methodologies applied for pricing financial instruments. Periodically, the Group calibrates the valuation technique and tests its validity using prices of observable current market transactions of the same instrument or based on other relevant observable market data. 3.3.3 Derecognition Derecognition is the removal of a previously recognized financial asset or financial liability from the consolidated statement of financial position. The derecognition criteria for financial assets and financial liabilities are as follows: 3.3.3.1 Derecognition of financial assets A financial asset is derecognized when the contractual rights to the cash flows from the financial assets expire or the Group transfers substantially all the risks and rewards of ownership of the financial asset, or the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset and the Group has not retained control. Therefore, if the Group does not transfer substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the financial asset to the extent of its continuing involvement in the financial asset. If the Group transfers the contractual rights to receive the cash flows of the financial asset but retains substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the transferred asset in its entirety and recognize a financial liability for the consideration received. The Group writes off a financial asset when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. In general, the Group considers write-off write-off write-off, written-off written-off 3.3.3.2 Derecognition of financial liabilities A financial liability is derecognized from the consolidated statement of financial position when it is extinguished (i.e. the obligation specified in the contract is discharged, canceled or expires). 3.3.4 Offsetting A financial asset and a financial liability is offset and the net amount is presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the recognized amounts and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on a future event and must be legally enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Group and all of the counterparties. 3.4 Cash and Due from Financial Institutions Cash and due from financial institutions include cash on hand, foreign currency, and short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and due from financial institutions. Cash and due from financial institutions are measured at amortized cost. 3.5 Non-derivative 3.5.1 Financial assets at fair value through profit or loss Financial assets are classified as financial assets at fair value through profit or loss unless they are classified as financial assets at amortized cost or at fair value through other comprehensive income. The Group may designate certain financial assets upon initial recognition as at fair value through profit or loss when the designation eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as ‘an accounting mismatch’) that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. After initial recognition, a financial asset at fair value through profit or loss is measured at fair value and gains or losses arising from a change in fair value are recognized in profit or loss. Interest income using the effective interest method and dividend income from financial asset at fair value through profit or loss are also recognized in profit or loss. 3.5.2 Financial assets at fair value through other comprehensive income The Group classifies below financial assets as financial assets at fair value through other comprehensive income; • Debt instruments that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding and; • Equity instruments that are not held for short-term trading but held for strategic investment, and designated as financial assets at fair value through other comprehensive income After initial recognition, a financial asset at fair value through other comprehensive income is measured at fair value. Gains or losses arising from a change in fair value, other than dividend income, interest income calculated using the effective interest method and exchange differences arising on monetary items which are recognized directly in profit or loss, are recognized as other comprehensive income in equity. When the financial assets at fair value through other comprehensive income is disposed, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. However, cumulative gain or loss of equity instrument designated as fair value through other comprehensive income is reclassified to retained earnings not to profit or loss at disposal. A financial asset at fair value through other comprehensive income denominated in foreign currency is translated at the closing rate. Exchange difference resulting from change in amortized cost is recognized in profit or loss, and other changes are recognized in equity. 3.5.3 Financial assets at amortized cost A financial asset, which is held within the business model whose objective is achieved by collecting contractual cash flows, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding, is classified as a financial asset at amortized cost. After initial recognition, a financial asset at amortized cost is measured at amortized cost using the effective interest method and interest income is calculated using the effective interest method. 3.6 Expected Credit Loss of Financial Assets (Debt Instruments) The Group recognizes a loss allowance for expected credit losses at the end of the reporting period for financial assets at amortized cost and fair value through other comprehensive income except for financial asset at fair value through profit or loss. Expected credit losses are estimated at present value of probability-weighted amount that is determined by evaluating a range of possible outcomes. The Group measures expected credit losses by reflecting all reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions and forecasts of future economic conditions. The approaches of measuring expected credit losses in accordance with IFRS are as follows: • General approach: for financial assets and unused loan commitments not subject to the below 2 approaches • Simplified approach: for trade receivables, contract assets and lease receivables • Credit-impaired approach: for financial assets that are credit-impaired at the time of acquisition Application of general approach is differentiated depending on whether credit risk has increased significantly after initial recognition. If the credit risk on a financial instrument has not increased significantly since initial recognition, the Group measures the loss allowance for that financial instrument at an amount equal to 12-month The Group assesses whether the credit risk has increased significantly using the following information, and if one or more of the following conditions are met, it is deemed as significant increase in credit risk. Information of more than 30 days overdue is applied to all subsidiaries, and other information is applied selectively considering specific indicators of each subsidiary or additionally considering specific indicators of each subsidiary. If the contractual cash flows on a financial asset have been renegotiated or modified, the Group assesses whether the credit risk has increased significantly using the same following information. • More than 30 days past due • Decline in credit rating at period end by more than certain notches as compared to that at initial recognition • Subsequent managing ratings below certain level in the early warning system • Debt restructuring (except for impaired financial assets) and • Credit delinquency information of Korea Federation of Banks, etc. Under simplified approach, the Group always measures the loss allowance at an amount equal to lifetime expected credit losses. Under credit-impaired approach, the Group only recognizes the cumulative changes in lifetime expected credit losses since initial recognition as a loss allowance for purchased or originated credit-impaired financial assets. In assessing credit impairment, the Group uses definition of default as in the new Basel Accord which rules calculation of Capital Adequacy Ratio. The Group generally considers the loan to be credit-impaired if one or more of the following conditions are met: • 90 days or more past due • Legal proceedings related to collection • A borrower registered on the credit management list of Korea Federation of Banks • A corporate borrower with the credit rating C or D • Refinancing • Debt restructuring, etc. 3.6.1 Forward-looking information The Group uses forward-looking information, when it assesses whether the credit risk has increased significantly and measures the expected credit losses. The Group assumes the risk components have a certain correlation with the economic cycle and uses statistical methodologies to estimate the relation between key macroeconomic variables and risk components for the expected credit losses. The correlation between the major macroeconomic variables and the credit risk are as follows: Key macroeconomic variables Correlation between the major macroeconomic Domestic GDP growth rate (-) Composite stock index (-) Construction investment change rate (-) Rate of change in housing transaction price index (-) Interest rate spread (+) Private consumption growth rate (-) Change of call rate compared to the last year (%p) (+) Household loan change rate (-) Forward-looking information used in calculation of expected credit losses is based on the macroeconomic forecasts utilized by the management of the Group for its business plan considering reliable external agency’s forecasts and others. The forward-looking information is generated by KB Research with comprehensive approach to capture the possibility of various economic forecast scenarios that are derived from the internal and external viewpoints of the macroeconomic situation. The Group determines the macroeconomic variables to be used in forecasting future condition of the economy, considering the direction of the forecast scenario and the significant relationship between macroeconomic variables and time series data. And there are some changes compared to the macroeconomic variables used in the previous year. In order to reflect additional credit risk for financial assets whose industries are highly affected by COVID-19, 3.6.2 Measuring expected credit losses on financial assets at amortized cost The expected credit losses of financial assets at amortized cost are measured as present value of the difference between the contractual cash flows that are due to the Group under the contract and the cash flows that the Group expects to receive. The Group estimates expected future cash flows for financial assets that are individually significant. The Group selects the individually significant financial assets by comprehensively considering quantitative and qualitative factors (such as debt restructuring or negative net assets, etc.) among financial assets with the credit risk has increased significantly or credit-impaired(individual assessment of impairment). For financial assets that are not individually significant, the Group collectively estimates expected credit loss by grouping loans with homogeneous credit risk profile (collective assessment of impairment). 3.6.2.1 Individual assessment of impairment Individual assessment of impairment losses is calculated using management’s best estimate on present value of expected future cash flows. The Group uses all the available information including financial condition of the borrower such as operating cash flow and net realizable value of any collateral held. 3.6.2.2 Collective assessment of impairment Collective assessment of impairment losses is performed by using a methodology based on historical loss experience and reflecting forward-looking information. Such process incorporates factors such as type of collateral, product and borrowers, credit rating, size of portfolio and recovery period and applies Probability of Default (“PD”) on a group of assets and Loss Given Default (“LGD”) by type of recovery method. Also, the expected credit loss model involves certain assumptions to determine input based on loss experience and forward-looking information. These models and assumptions are periodically reviewed to reduce gap between loss estimate and actual loss experience. The lifetime expected credit loss is measured by applying the PD to the carrying amount calculated by deducting the expected principal repayment amount from the carrying amount as of the reporting date and the LGD adjusted to reflect changes in the carrying amount. 3.6.3 Measuring expected credit losses on financial assets at fair value through other comprehensive income The Group measures expected credit losses on financial assets at fair value through other comprehensive income in a manner that is consistent with the requirements that are applicable to financial assets measured at amortized cost. However, the loss allowance is recognized in other comprehensive income. Upon disposal or repayment of financial assets at fair value through other comprehensive income, the amount of the loss allowance is reclassified from other comprehensive income to profit or loss. 3.7 Derivative Financial Instruments The Group enters into numerous derivative financial instrument contracts such as currency forwards, interest rate swaps, currency swaps and others for trading purposes or to manage its exposures to fluctuations in interest rates and currency exchange, amongst others. The Group’s derivative operations focus on addressing the needs of the Group’s corporate clients to hedge their risk exposure and to hedge the Group’s risk exposure that results from such client contracts. These derivative financial instruments are presented as derivative financial instruments in the consolidated financial statements irrespective of transaction purpose and subsequent measurement requirement. The Group designates certain derivatives as hedging instruments to hedge the risk of changes in fair value of a recognized asset or liability or of an unrecognized firm commitment (fair value hedge) and the risk of changes in cash flow (cash flow hedge). The Group designates certain derivatives and non-derivatives At the inception of the hedging relationship, there is formal designation and documentation of the hedging relationship and the Group’s risk management objective and strategy for undertaking the hedge. This documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged, the inception date of hedging relationship and how the Group will assess the hedging instrument’s effectiveness in offsetting the exposure to changes in the hedged item’s fair value or cash flows attributable to the hedged risk. Derivatives are initially recognized at fair value. After initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. 3.7.1 Derivative financial instruments held for trading All derivative financial instruments, except for derivatives that are designated and qualify for hedge accounting, are measured at fair value. Gains or losses arising from changes in fair value are recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss. 3.7.2 Derivative financial instruments for fair value hedges If derivatives are designated and qualify for a fair value hedge, changes in fair value of the hedging instrument and changes in fair value of the hedged item attributable to the hedged risk are recognized in profit or loss as part of other operating income and expenses. If the hedged items are equity instruments for which the Group has elected to present changes in fair value in other comprehensive income, changes in fair value of the hedging instrument and changes in fair value of the hedged item attributable to the hedged risk are recognized in other comprehen |
Financial Risk Management
Financial Risk Management | 12 Months Ended |
Dec. 31, 2020 | |
Finacial Risk Management Abstract [Abstract] | |
Disclosure Of Financial Risk Management Explanatory | 4. Financial Risk Management 4.1 Summary 4.1.1 Overview of financial risk management policy The financial risks that the Group is exposed to are credit risk, market risk, liquidity risk, operational risk and others. This note regarding financial risk management provides information about the risks that the Group is exposed to and about its objectives, policies, risk assessment and management procedures, and capital management. Additional quantitative information is disclosed throughout the consolidated financial statements. The Group’s risk management system focuses on efficiently supporting long-term strategy and management decisions through increased risk transparency, spread of risk management culture and preemptive response to rapidly changing financial environments. Credit risk, market risk, liquidity risk, and operational risk are recognized as the Group’s significant risks and measured and managed by quantifying them in the form of Internal Capital or Value at Risk (“VaR”) using statistical methods. 4.1.2 Risk management organization 4.1.2.1 Risk Management Committee The Risk Management Committee, as the ultimate decision-making body, deals with risk-related issues, such as establishing risk management strategies in accordance with the strategic direction determined by the Board of Directors, determining the affordable level of risk appetite, reviewing the level of risk and the status of risk management activities, approving the application of risk management systems, methodologies, and major improvements, and establishing and approving risk management policies and procedures to timely recognize, measure, monitor, and control risks arising from various transactions by the Group. 4.1.2.2 Risk Management Council The Risk Management Council is responsible for consulting on matters delegated by the Risk Management Committee and requests for review by the Management Executive Committee, consulting on details of each subsidiary’s risk management policies and procedures, monitoring the Group’s risk management status, and establishing and implementing necessary measures. 4.1.2.3 Risk Management Department The Risk Management Department manages risk management policies, procedures, and business processes. 4.2 Credit Risk 4.2.1 Overview of credit risk Credit risk is the risk of loss from the portfolio of assets held due to the counterparty’s default, breach of contract and deterioration of credit quality. For risk management reporting purposes, the Group considers all factors of credit risk exposure, such as default risk of individual borrowers, country risk and risk of specific sectors. The Group defines default as the definition applied to the calculation of Capital Adequacy Ratio under the new Basel Accord (Basel III). 4.2.2 Credit risk management The Group measures the expected loss and economic capital for the assets subject to credit risk management, including on-balance off-balance In addition, to prevent excessive concentration of exposures by borrower and industry, the total exposure limit at the Group level is introduced, applied, and managed to control the credit concentration risk. All of the Kookmin Bank’s loan customers (individuals and corporates) are assigned with credit rating and managed by a comprehensive internal credit evaluation system. For individuals, the credit rating takes into account the personal information, income and job information, asset information, and bank transaction information. For corporates, the credit rating is evaluated by analyzing and utilizing financial and non-financial The credit rating, once assigned, serves as the fundamental instrument in Kookmin Bank’s credit risk management, and is applied in a wide range of credit risk management processes, including credit approval, credit limit management, loan pricing and computation of allowance for credit loss. For corporates, Kookmin Bank conducts a regular credit evaluation at least once a year, and the review and supervision departments regularly validate the adequacy of credit ratings to manage credit risks. KB Kookmin Card Co., Ltd.’s credit scoring system is divided into Application Scoring System (“ASS”) and Behavior Scoring System (“BSS”). For applications that meet the eligibility criteria for card issuance, the card will be issued only if the ASS credit rating is above the standard. KB Kookmin Card Co., Ltd.’s internal information, a credit bureau company’s external information and personal information on the application are used to calculate the ASS credit rating. The BSS, which is recalculated on a weekly basis, predicts the delinquency probability of cardholders, and utilizes it to monitor cardholders and portfolio risk. In order to establish a credit risk management system, the Group manages credit risk by forming a separate risk management organization. In particular, independent of the Sales Group, the Credit Analysis Group of Kookmin Bank, a subsidiary, is in charge of loan policy, loan system, credit rating, credit analysis, follow-up 4.2.3 Maximum exposure to credit risk The Group’s maximum exposures of financial instruments other than equity securities, to credit risk without consideration of collateral values as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Financial assets Due from financial institutions measured at amortized cost * ₩ 18,142,960 ₩ 22,720,091 Financial assets at fair value through profit or loss Due from financial institutions measured at fair value through profit or loss 216,367 100,094 Securities measured at fair value through profit or loss 50,721,526 58,415,100 Loans measured at fair value through profit or loss 427,545 337,983 Financial instruments indexed to the price of gold 79,805 89,965 Derivatives 3,190,673 5,545,385 Loans measured at amortized cost * 339,684,059 377,166,984 Financial investments Securities measured at fair value through other comprehensive income 43,556,848 58,456,889 Securities measured at amortized cost * 25,346,555 36,870,229 Loans measured at fair value through other comprehensive income 375,098 293,409 Other financial assets * 9,147,059 14,167,689 490,888,495 574,163,818 Off-balance Acceptances and guarantees contracts 8,327,494 8,548,928 Financial guarantee contracts 3,847,390 4,964,468 Commitments 151,797,615 159,133,983 163,972,499 172,647,379 ₩ 654,860,994 ₩ 746,811,197 * After netting of allowance. 4.2.4 Credit risk of loans The Group maintains an allowance for loan losses associated with credit risk of loans to manage its credit risk. The Group assesses expected credit losses and recognizes loss allowances of financial assets at amortized cost and financial assets at fair value through other comprehensive income. Financial assets at fair value through profit or loss are excluded. Expected credit losses are a probability-weighted estimate of possible credit losses occurred in a certain range by reflecting reasonable and supportable information that is reasonably available at the reporting date without undue cost or effort, including information about past events, current conditions and forecasts of future economic conditions. The Group measures the expected credit losses of loans classified as financial assets measured at amortized cost, by deducting allowances for credit losses. The expected credit losses of loans classified as financial assets at fair value through other comprehensive income are presented in other comprehensive income in the consolidated financial statements. 4.2.4.1 Credit risk exposure Credit qualities of loans as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 83,839,707 ₩ 2,621,898 ₩ 1,000 ₩ — ₩ 86,462,605 Grade 2 58,057,809 4,683,445 7,052 — 62,748,306 Grade 3 2,650,199 2,187,662 4,194 — 4,842,055 Grade 4 518,108 900,386 4,605 — 1,423,099 Grade 5 16,648 355,893 805,938 — 1,178,479 145,082,471 10,749,284 822,789 — 156,654,544 Retail Grade 1 146,265,744 3,611,001 8,155 — 149,884,900 Grade 2 7,081,846 4,433,832 29,304 — 11,544,982 Grade 3 2,080,690 1,541,647 11,366 — 3,633,703 Grade 4 185,081 387,811 9,722 — 582,614 Grade 5 10,180 587,448 545,295 — 1,142,923 155,623,541 10,561,739 603,842 — 166,789,122 Credit card Grade 1 8,390,177 96,052 — — 8,486,229 Grade 2 5,695,069 719,065 — — 6,414,134 Grade 3 1,558,999 1,161,396 — — 2,720,395 Grade 4 26,404 390,941 — — 417,345 Grade 5 350 135,630 474,327 — 610,307 15,670,999 2,503,084 474,327 — 18,648,410 316,377,011 23,814,107 1,900,958 — 342,092,076 Loans measured at fair value through other comprehensive income Corporate Grade 1 241,524 — — — 241,524 Grade 2 133,574 — — — 133,574 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 375,098 — — — 375,098 375,098 — — — 375,098 ₩ 316,752,109 ₩ 23,814,107 ₩ 1,900,958 ₩ — ₩ 342,467,174 December 31, 2020 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 93,033,311 ₩ 4,646,801 ₩ 7,042 ₩ — ₩ 97,687,154 Grade 2 61,701,031 7,060,916 7,817 — 68,769,764 Grade 3 2,702,369 2,507,455 3,055 — 5,212,879 Grade 4 611,743 1,085,704 8,562 — 1,706,009 Grade 5 18,792 394,935 2,162,732 — 2,576,459 158,067,246 15,695,811 2,189,208 — 175,952,265 Retail Grade 1 163,261,012 3,536,290 6,789 — 166,804,091 Grade 2 8,828,445 4,197,409 34,896 — 13,060,750 Grade 3 2,519,004 1,322,878 9,012 — 3,850,894 Grade 4 225,262 402,881 8,352 — 636,495 Grade 5 39,466 636,361 672,397 — 1,348,224 174,873,189 10,095,819 731,446 — 185,700,454 Credit card Grade 1 8,210,540 412,555 — — 8,623,095 Grade 2 5,831,625 708,405 — — 6,540,030 Grade 3 1,526,382 1,216,434 — — 2,742,816 Grade 4 16,978 247,241 — — 264,219 Grade 5 2,101 118,907 506,462 — 627,470 15,587,626 2,703,542 506,462 — 18,797,630 348,528,061 28,495,172 3,427,116 — 380,450,349 Loans measured at fair value through other comprehensive income Corporate Grade 1 235,469 — — — 235,469 Grade 2 57,940 — — — 57,940 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 293,409 — — — 293,409 293,409 — — — 293,409 ₩ 348,821,470 ₩ 28,495,172 ₩ 3,427,116 ₩ — ₩ 380,743,758 * Before netting of allowance Credit qualities of loans graded according to internal credit ratings as of December 31, 2019 and 2020, are as follows: Range of Probability Retail Corporate Grade 1 0.0 ~ 1.0 1 ~ 5 grade AAA ~ BBB+ Grade 2 1.0 ~ 5.0 6 ~ 8 grade BBB ~ BB Grade 3 5.0 ~ 15.0 9 ~ 10 grade BB- Grade 4 15.0 ~ 30.0 11 grade B- Grade 5 30.0 ~ 12 grade or under CC or under 4.2.4.2 Quantification of the extent to which collateral and other credit enhancements mitigate credit risk of loans as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 70,183,658 ₩ 3,839,736 ₩ 179,825 ₩ 74,203,219 Deposits and savings 4,478,032 118,221 8,034 4,604,287 Property and equipment 10,014,552 582,109 55,410 10,652,071 Real estate 155,769,901 10,839,595 417,815 167,027,311 ₩ 240,446,143 ₩ 15,379,661 ₩ 661,084 ₩ 256,486,888 December 31, 2020 12-month Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 79,088,720 ₩ 5,732,814 ₩ 187,512 ₩ 85,009,046 Deposits and savings 5,210,681 149,745 67,047 5,427,473 Property and equipment 11,607,675 808,476 120,471 12,536,622 Real estate 170,171,707 12,836,286 1,836,865 184,844,858 ₩ 266,078,783 ₩ 19,527,321 ₩ 2,211,895 ₩ 287,817,999 4.2.5 Credit risk of securities Credit qualities of securities other than equity securities that are exposed to credit risk as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 25,147,636 ₩ — ₩ — ₩ — ₩ 25,147,636 Grade 2 157,881 — — — 157,881 Grade 3 42,710 — — — 42,710 Grade 4 — — — — — Grade 5 — — — — — 25,348,227 — — — 25,348,227 Securities measured at fair value through other comprehensive income Grade 1 40,206,856 — — — 40,206,856 Grade 2 3,337,327 — — — 3,337,327 Grade 3 12,665 — — — 12,665 Grade 4 — — — — — Grade 5 — — — — — 43,556,848 — — — 43,556,848 ₩ 68,905,075 ₩ — ₩ — ₩ — ₩ 68,905,075 December 31, 2020 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 36,467,719 ₩ — ₩ — ₩ — ₩ 36,467,719 Grade 2 359,551 — — — 359,551 Grade 3 38,847 7,061 — — 45,908 Grade 4 — — — — — Grade 5 — — — — — 36,866,117 7,061 — — 36,873,178 Securities measured at fair value through other comprehensive income Grade 1 54,576,777 — — — 54,576,777 Grade 2 3,746,200 — — — 3,746,200 Grade 3 126,391 — — — 126,391 Grade 4 7,521 — — — 7,521 Grade 5 — — — — — 58,456,889 — — — 58,456,889 ₩ 95,323,006 ₩ 7,061 ₩ — ₩ — ₩ 95,330,067 * Before netting of allowance Credit qualities of securities other than equity securities, according to the credit ratings by external rating agencies as of December 31, 2019 and 2020, are as follows: Domestic Foreign Credit quality KIS NICE P&I KAP FnPricing Inc. S&P Fitch-IBCA Moody’s Grade 1 AA0 to AAA AA0 to AAA AA0 to AAA AA0 to AAA A- A- A3 to Aaa Grade 2 A- A- A- A- BBB- to BBB+ BBB- to BBB+ Baa3 to Baa1 Grade 3 BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BB to BB+ BB to BB+ Ba2 to Ba1 Grade 4 BB0 to BBB- BB0 to BBB- BB0 to BBB- BB0 to BBB- B+ to BB- B+ to BB- B1 to Ba3 Grade 5 BB- BB- or under BB- or under BB- or under B or under B or under B2 or under Credit qualities of debt securities denominated in Korean won are based on the lowest credit rating by the domestic agencies above, and those denominated in foreign currencies are based on the lowest credit rating by the foreign agencies above. 4.2.6 Credit risk of due from financial institutions Credit qualities of due from financial institutions as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month expected Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 17,292,966 ₩ — ₩ — ₩ — ₩ 17,292,966 Grade 2 149,927 — — — 149,927 Grade 3 677,249 — — — 677,249 Grade 4 — — — — — Grade 5 13,991 13,179 360 — 27,530 ₩ 18,134,133 ₩ 13,179 ₩ 360 ₩ — ₩ 18,147,672 December 31, 2020 12-month expected Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 21,437,207 ₩ — ₩ — ₩ — ₩ 21,437,207 Grade 2 334,371 — — — 334,371 Grade 3 445,732 13,099 — — 458,831 Grade 4 479,142 — — — 479,142 Grade 5 13,520 — 283 — 13,803 ₩ 22,709,972 ₩ 13,099 ₩ 283 ₩ — ₩ 22,723,354 * Before netting of allowance The classification criteria of the credit qualities of due from financial institutions as of December 31, 2019 and 2020, is the same as the criteria for securities other than equity securities. 4.2.7 Credit risk mitigation of derivative financial instruments The quantification of the extent to which collateral mitigates credit risk of derivative financial instruments as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Deposits, savings, securities, etc. ₩ 802,170 ₩ 1,651,322 4.2.8 Credit risk concentration analysis 4.2.8.1 Details of loans by country as of December 31, 2019 and 2020, are as follows: December 31, 2019* Retail Corporate Credit card Total % Allowances Carrying (In millions of Korean won) Korea ₩ 166,310,457 ₩ 149,149,657 ₩ 18,642,111 ₩ 334,102,225 97.44 ₩ (2,363,332 ) ₩ 331,738,893 Europe — 1,118,429 — 1,118,429 0.33 (4,181 ) 1,114,248 China — 3,135,501 358 3,135,859 0.91 (20,654 ) 3,115,205 Japan 101 647,956 81 648,138 0.19 (576 ) 647,562 United States — 2,333,269 — 2,333,269 0.68 (9,205 ) 2,324,064 Others 478,564 1,072,375 5,860 1,556,799 0.45 (10,069 ) 1,546,730 ₩ 166,789,122 ₩ 157,457,187 ₩ 18,648,410 ₩ 342,894,719 100.00 ₩ (2,408,017 ) ₩ 340,486,702 December 31, 2020* Retail Corporate Credit card Total % Allowances Carrying (In millions of Korean won) Korea ₩ 182,344,832 ₩ 160,385,598 ₩ 18,734,570 ₩ 361,465,000 94.85 ₩ (2,433,702 ) ₩ 359,031,298 Europe — 2,042,979 — 2,042,979 0.54 (11,141 ) 2,031,838 China — 4,518,737 654 4,519,391 1.19 (20,489 ) 4,498,902 Japan 94 923,354 10 923,458 0.24 (1,249 ) 922,209 United States — 1,962,377 — 1,962,377 0.51 (21,489 ) 1,940,888 Cambodia 1,444,906 2,280,180 — 3,725,086 0.98 (89,652 ) 3,635,434 Indonesia 1,483,345 3,637,351 60,959 5,181,655 1.36 (699,947 ) 4,481,708 Others 427,276 833,080 1,437 1,261,793 0.33 (5,694 ) 1,256,099 ₩ 185,700,453 ₩ 176,583,656 ₩ 18,797,630 ₩ 381,081,739 100.00 ₩ (3,283,363 ) ₩ 377,798,376 * Amount includes loans measured at fair value through profit or loss, other comprehensive income and amortized cost. 4.2.8.2 Details of corporate loans by industry as of December 31, 2019 and 2020, are as follows: December 31, 2019 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 16,405,404 10.42 ₩ (14,819 ) ₩ 16,390,585 Manufacturing 43,265,607 27.48 (394,428 ) 42,871,179 Service 65,277,701 41.46 (195,205 ) 65,082,496 Wholesale & Retail 18,593,540 11.81 (99,051 ) 18,494,489 Construction 3,679,798 2.34 (194,737 ) 3,485,061 Public sector 1,250,909 0.79 (2,084 ) 1,248,825 Others 8,984,228 5.70 (56,662 ) 8,927,566 ₩ 157,457,187 100.00 ₩ (956,986 ) ₩ 156,500,201 December 31, 2020 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 16,044,243 9.09 ₩ (20,987 ) ₩ 16,023,256 Manufacturing 45,884,606 25.98 (473,360 ) 45,411,246 Service 76,001,877 43.04 (385,093 ) 75,616,784 Wholesale & Retail 23,129,457 13.10 (241,021 ) 22,888,436 Construction 4,397,814 2.49 (190,819 ) 4,206,995 Public sector 1,660,370 0.94 (74,839 ) 1,585,531 Others 9,465,289 5.36 (285,660 ) 9,179,629 ₩ 176,583,656 100.00 ₩ (1,671,779 ) ₩ 174,911,877 4.2.8.3 Details of retail loans and credit card receivables as of December 31, 2019 and 2020, are as follows: December 31, 2019 Loans % Allowances Carrying amount (In millions of Korean won) Housing ₩ 78,102,637 42.12 ₩ (34,395 ) ₩ 78,068,242 General 88,686,485 47.83 (676,927 ) 88,009,558 Credit card 18,648,410 10.05 (739,709 ) 17,908,701 ₩ 185,437,532 100.00 ₩ (1,451,031 ) ₩ 183,986,501 December 31, 2020 Loans % Allowances Carrying amount (In millions of Korean won) Housing ₩ 87,312,052 42.70 ₩ (61,155 ) ₩ 87,250,897 General 98,388,401 48.11 (848,933 ) 97,539,468 Credit card 18,797,630 9.19 (701,496 ) 18,096,134 ₩ 204,498,083 100.00 ₩ (1,611,584 ) ₩ 202,886,499 4.2.8.4 Details of credit risk of due from financial institutions, securities other than equity securities and derivative financial assets by industry as of December 31, 2019 and 2020, are as follows: December 31, 2019 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 18,147,672 100.00 ₩ (4,712 ) ₩ 18,142,960 18,147,672 100.00 (4,712 ) 18,142,960 Due from financial institutions measured at fair value through profit or loss Finance and insurance 216,367 100.00 — 216,367 216,367 100.00 — 216,367 Securities measured at fair value through profit or loss Government and government funded institutions 11,937,703 23.53 — 11,937,703 Finance and insurance 32,475,354 64.03 — 32,475,354 Others 6,308,469 12.44 — 6,308,469 50,721,526 100.00 — 50,721,526 Derivative financial assets Government and government funded institutions 7,330 0.23 — 7,330 Finance and insurance 3,003,371 94.13 — 3,003,371 Others 179,972 5.64 — 179,972 3,190,673 100.00 — 3,190,673 Securities measured at fair value through other comprehensive income Government and government funded institutions 16,744,232 38.44 — 16,744,232 Finance and insurance 21,439,272 49.22 — 21,439,272 Others 5,373,344 12.34 — 5,373,344 43,556,848 100.00 — 43,556,848 Securities measured at amortized cost Government and government funded institutions 11,115,435 43.86 (37 ) 11,115,398 Finance and insurance 12,279,883 48.44 (1,349 ) 12,278,534 Others 1,952,909 7.70 (286 ) 1,952,623 25,348,227 100.00 (1,672 ) 25,346,555 ₩ 141,181,313 ₩ (6,384 ) ₩ 141,174,929 December 31, 2020 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 22,723,354 100.00 ₩ (3,263 ) ₩ 22,720,091 22,723,354 100.00 (3,263 ) 22,720,091 Due from financial institutions measured at fair value through profit or loss Finance and insurance 100,094 100.00 — 100,094 100,094 100.00 — 100,094 Securities measured at fair value through profit or loss Government and government funded institutions 16,902,284 28.94 — 16,902,284 Finance and insurance 34,244,398 58.62 — 34,244,398 Others 7,268,418 12.44 — 7,268,418 58,415,100 100.00 — 58,415,100 Derivative financial assets Government and government funded institutions 44,670 0.81 — 44,670 Finance and insurance 4,925,535 88.82 — 4,925,535 Others 575,180 10.37 — 575,180 5,545,385 100.00 — 5,545,385 Securities measured at fair value through other comprehensive income Government and government funded institutions 26,205,864 44.83 — 26,205,864 Finance and insurance 24,847,602 42.51 — 24,847,602 Others 7,403,423 12.66 — 7,403,423 58,456,889 100.00 — 58,456,889 Securities measured at amortized cost Government and government funded institutions 24,018,884 65.14 (30 ) 24,018,854 Finance and insurance 11,019,911 29.89 (2,475 ) 11,017,436 Others 1,834,383 4.97 (445 ) 1,833,938 36,873,178 100.00 (2,950 ) 36,870,228 ₩ 182,114,000 ₩ (6,213 ) ₩ 182,107,787 4.2.8.5 Details of credit risk of due from financial institutions, securities other than equity securities and derivative financial assets by country as of December 31, 2019 and 2020, are as follows: December 31, 2019 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 13,864,687 76.40 ₩ (555 ) ₩ 13,864,132 United States 1,318,582 7.27 (1 ) 1,318,581 Others 2,964,403 16.33 (4,156 ) 2,960,247 18,147,672 100.00 (4,712 ) 18,142,960 Due from financial institutions measured at fair value through profit or loss Korea 216,367 100.00 — 216,367 216,367 100.00 — 216,367 Securities measured at fair value through profit or loss Korea 46,413,061 91.51 — 46,413,061 United States 1,939,330 3.82 — 1,939,330 Others 2,369,135 4.67 — 2,369,135 50,721,526 100.00 — 50,721,526 Derivative financial assets Korea 1,440,349 45.14 — 1,440,349 United States 529,956 16.61 — 529,956 France 358,951 11.25 — 358,951 Others 861,417 27.00 — 861,417 3,190,673 100.00 — 3,190,673 Securities measured at fair value through other comprehensive income Korea 40,948,853 94.01 — 40,948,853 United States 687,243 1.58 — 687,243 Others 1,920,752 4.41 — 1,920,752 43,556,848 100.00 — 43,556,848 Securities measured at amortized cost Korea 22,591,541 89.12 (1,034 ) 22,590,507 United States 1,312,941 5.18 (217 ) 1,312,724 Others 1,443,745 5.70 (421 ) 1,443,324 25,348,227 100.00 (1,672 ) 25,346,555 ₩ 141,181,313 ₩ (6,384 ) ₩ 141,174,929 December 31, 2020 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 16,535,849 72.78 ₩ (607) ₩ 16,535,242 United States 2,030,614 8.94 (283 ) 2,030,331 Others 4,156,891 18.28 (2,373 ) 4,154,518 22,723,354 100.00 (3,263 ) 22,720,091 Due from financial institutions measured at fair value through profit or loss Korea 100,094 100.00 — 100,094 100,094 100.00 — 100,094 Securities measured at fair value through profit or loss Korea 53,991,978 92.43 — 53,991,978 United States 2,370,538 4.06 — 2,370,538 Others 2,052,584 3.51 — 2,052,584 58,415,100 100.00 — 58,415,100 Derivative financial assets Korea 2,885,214 52.03 — 2,885,214 United States 706,866 12.75 — 706,866 Others 1,953,305 35.22 — 1,953,305 5,545,385 100.00 — 5,545,385 Securities measured at fair value through other comprehensive income Korea 54,786,461 93.72 — 54,786,461 United States 942,151 1.61 — 942,151 Others 2,728,277 4.67 — 2,728,277 58,456,889 100.00 — 58,456,889 Securities measured at amortized cost Korea 34,545,872 93.69 (2,283 ) 34,543,589 United States 1,049,387 2.85 (241 ) 1,049,146 Others 1,277,919 3.46 (426 ) 1,277,493 36,873,178 100.00 (2,950 ) 36,870,228 ₩ 182,114,000 ₩ (6,213 ) ₩ 182,107,787 Due from financial institutions and financial instruments at fair value through profit or loss that are linked to gold price and derivatives are mostly related to finance and insurance industry with high credit ratings. 4.3 Liquidity Risk 4.3.1 Overview of liquidity risk Liquidity risk is a risk that the Group becomes insolvent due to the mismatch between the inflow and outflow of funds, unexpected cash outflows, or a risk of loss due to financing funds at a high interest rate or disposing of securities at an unfavorable price due to lack of available funds. The Group manages its liquidity risk through analysis of the contractual maturity of interest-bearing assets and liabilities, assets and liabilities related to the other inflows and outflows of funds, and off-balance 4.3.2 Liquidity risk management and indicator The liquidity risk is managed by risk management policies and liquidity risk management guidelines set forth in these policies applied to all risk management policies and procedures that may arise throughout the overall business of the Group. The Group calculates and manages cumulative liquidity gaps and liquidity ratio for all transactions and off-balance 4.3.3 Analysis of remaining contractual maturity of financial assets and liabilities The cash flows disclosed in the maturity analysis are undiscounted contractual amounts including principal and future interest receivables and payments; as such, the table below do not match with the amounts in the consolidated statements of financial position which are based on discounted cash flows. The future interest receipts and payments for floating-rate assets and liabilities are calculated on the assumption that the current interest rate is the same until maturity. 4.3.3.1 Remaining contractual maturity of financial assets and liabilities other than derivatives held for cash flow hedge as of December 31, 2019 and 2020, are as follows: December 31, 2019 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 5,323,332 ₩ 1,038,805 ₩ 286,091 ₩ 822,123 ₩ 18,628 ₩ — ₩ 7,488,979 Financial assets at fair value through profit or loss 52,488,545 446,069 273,144 187,821 236,130 1,011,289 54,642,998 Derivatives held for trading 2 3,008,598 — — — — — 3,008,598 Derivatives held for hedging 3 — 4,892 20,216 37,441 41,401 66,176 170,126 Loans measured at amortized cost 2,908,095 33,042,040 32,668,128 125,125,270 94,802,566 96,757,198 385,303,297 Financial investments 4 Financial assets at fair value through other comprehensive income 2,101,605 526,465 1,403,884 6,761,533 33,604,010 4,506,581 48,904,078 Securities measured at amortized cost — 1,002,164 2,080,834 5,700,500 7,366,945 15,888,344 32,038,787 Other financial assets 71,528 6,578,005 179,790 1,373,850 40,243 35,927 8,279,343 ₩ 65,901,703 ₩ 42,638,440 ₩ 36,912,087 ₩ 140,008,538 ₩ 136,109,923 ₩ 118,265,515 ₩ 539,836,206 December 31, 2019 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 2 ₩ 2,663,327 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,663,327 Financial liabilities designated at fair value through profit or loss 2 12,704,826 — — — — — 12,704,826 Derivatives held for trading 2 2,842,950 — — — — — 2,842,950 Derivatives held for hedging 3 — 14,764 15,588 1,652 20,044 129 52,177 Deposits 5 141,821,986 17,180,492 27,300,542 110,410,809 10,804,440 2,354,504 309,872,773 Borrowings 7,074,508 12,341,516 3,057,980 8,994,817 4,950,294 1,763,234 38,182,349 Debentures 22,285 2,652,730 3,812,476 11,062,873 32,477,672 3,515,716 53,543,752 Lease liabilities 256 19,304 35,730 137,419 318,781 66,032 577,522 Other financial liabilities 114,320 17,663,385 187,976 212,059 693,921 119,637 18,991,298 ₩ 167,244,458 ₩ 49,872,191 ₩ 34,410,292 ₩ 130,819,629 ₩ 49,265,152 ₩ 7,819,252 ₩ 439,430,974 Off-balance Commitments 6 ₩ 151,797,615 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 151,797,615 Financial guarantee contracts 7 3,847,390 — — — — — 3,847,390 ₩ 155,645,005 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 155,645,005 December 31, 2020 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 7,186,004 ₩ 1,449,949 ₩ 469,858 ₩ 1,217,217 ₩ 35,056 ₩ — ₩ 10,358,084 Financial assets at fair value through profit or loss 60,520,103 242,664 83,408 25,658 142,547 561,959 61,576,339 Derivatives held for trading 2 5,210,512 — — — — — 5,210,512 Derivatives held for hedging 3 — 9,371 32,816 74,364 70,863 88,462 275,876 Loans measured at amortized cost 3,126,366 29,240,531 35,862,097 135,526,320 116,211,931 103,685,410 423,652,655 Financial investments 4 Financial assets at fair value through other comprehensive income 2,532,279 896,523 1,556,600 10,523,465 35,347,644 16,949,942 67,806,453 Securities measured at amortized cost — 1,003,104 2,724,223 2,567,726 9,658,717 29,923,188 45,876,958 Other financial assets 89,855 11,514,303 206,227 1,273,876 73,735 48,019 13,206,015 ₩ 78,665,119 ₩ 44,356,445 ₩ 40,935,229 ₩ 151,208,626 ₩ 161,540,493 ₩ 151,256,980 ₩ 627,962,892 December 31, 2020 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 2 ₩ 2,025,952 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,025,952 Financial liabilities designated at fair value through profit or loss 2 9,784,107 — — — — — 9,784,107 Derivatives held for trading 2 5,014,072 — — — — — 5,014,072 Derivatives held for hedging 3 — 3,123 4,120 62,147 35,198 109 104,697 Deposits 5 182,111,594 17,207,360 28,485,765 99,879,946 12,133,364 1,664,509 341,482,538 Borrowings 9,333,894 17,730,230 4,923,897 9,617,100 7,616,809 938,374 50,160,304 Debentures 18,105 2,806,105 6,769,859 14,330,686 35,512,544 6,241,226 65,678,525 Lease liabilities 205 22,372 40,376 152,084 332,033 44,882 591,952 Other financial liabilities 217,866 24,153,880 208,745 329,291 748,593 215,447 25,873,822 ₩ 208,505,795 ₩ 61,923,070 ₩ 40,432,762 ₩ 124,371,254 ₩ 56,378,541 ₩ 9,104,547 ₩ 500,715,969 Off-balance Commitments 6 ₩ 159,133,983 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 159,133,983 Acceptances and guarantees contracts 8,548,928 — — — — — 8,548,928 Financial guarantee contracts 7 4,964,468 — — — — — 4,964,468 ₩ 172,647,379 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 172,647,379 1 Restricted due from financial instruments amounting to ₩ 13,394,627 million and ₩ 15,331,515 million are excluded as of December 31, 2019 and 2020, respectively. 2 Financial liabilities measured or designated at fair value through profit or loss and derivatives held for trading are not managed by contractual maturity because they are expected to be traded or redeemed before maturity. Therefore, the carrying amounts of those financial instruments are included in the ‘On demand’ category. 3 Cash flows of derivative instruments held for hedging are shown at net amounts of cash inflows and outflows by remaining contractual maturity. 4 Equity securities designated as financial assets at fair value through other comprehensive income are included in the ‘On demand’ category because most are available for sale at any time. However, equity securities restricted from sale, are included in the category corresponding to the date on which the restriction is lifted. 5 Deposits that are contractually repayable on demand or on short notice are included in the ‘On demand’ category. 6 Commitments are included in the ‘On demand’ category because payments can be requested at any time. 7 Cash flows under financial guarantee contracts are classified based on the earliest period that the contract can be executed. 4.3.3.2 Contractual cash flows of derivatives held for cash flow hedge as of December 31, 2019 and 2020, are as follows: December 31, 2019 Up to 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow to be received (paid) of net-settled ₩ (639 ) ₩ (1,831 ) ₩ (5,021 ) ₩ (10,602 ) ₩ 1,084 ₩ (17,009 ) Cash flow to be received of gross-settled derivatives 14,119 200,170 657,909 1,888,772 — 2,760,970 Cash flow to be paid of gross-settled derivatives (18,171 ) (199,141 ) (671,375 ) (1,955,650 ) — (2,844,337 ) December 31, 2020 Up to 1 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow t |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Operating Segments Abstract [Abstract] | |
Disclosure Of Entitys Reportable Segments Explanatory | 5. Segment Information 5.1 Overall Segment Information and Business Segments The Group classifies reporting segments based on the nature of the products and services provided, the type of customer, and the Group’s management organization. Banking business Corporate banking Loans, deposit products and other related financial services to large, small and medium-sized Retail banking Loans, deposit products and other related financial services to individuals and households Other banking services Trading activities in securities and derivatives, funding and other supporting activities Securities business Investment banking, brokerage services and other supporting activities Non-life Non-life Credit card business Credit sale, cash service, card loan and other supporting activities Life insurance business Life insurance and other supporting activities Financial information by business segment for the years ended December 31, 2019 and 2020, are as follows: 2019 Banking business Corporate Retail Other banking Sub-total Securities Non-life Credit card Life Others Consolidation Total (In millions of Korean won) Operating revenues from external customers ₩ 2,375,800 ₩ 2,979,503 ₩ 1,591,323 ₩ 6,946,626 ₩ 1,113,200 ₩ 1,185,600 ₩ 1,470,910 ₩ 107,404 ₩ 608,111 ₩ — ₩ 11,431,851 Intersegment operating revenues (expenses) 204,476 — 167,966 372,442 (18,795 ) (54,160 ) (209,874 ) (22,742 ) 124,857 (191,728 ) — 2,580,276 2,979,503 1,759,289 7,319,068 1,094,405 1,131,440 1,261,036 84,662 732,968 (191,728) 11,431,851 Net interest income 2,844,880 3,148,061 370,846 6,363,787 529,888 616,378 1,230,288 159,248 296,512 686 9,196,787 Interest income 4,642,555 4,872,937 1,264,456 10,779,948 852,153 617,617 1,581,178 159,463 687,823 (38,995 ) 14,639,187 Interest expense (1,797,675 ) (1,724,876 ) (893,610 ) (4,416,161 ) (322,265 ) (1,239 ) (350,890 ) (215 ) (391,311 ) 39,681 (5,442,400 ) Net fee and commission income (expenses) 349,393 471,869 312,034 1,133,296 580,435 (152,597 ) 261,829 (16,792 ) 541,343 7,490 2,355,004 Fee and commission income 459,879 577,845 445,638 1,483,362 683,600 11,095 1,406,273 239 617,622 (322,944 ) 3,879,247 Fee and commission expense (110,486 ) (105,976 ) (133,604 ) (350,066 ) (103,165 ) (163,692 ) (1,144,444 ) (17,031 ) (76,279 ) 330,434 (1,524,243 ) Net insurance income (expenses) — — — — — 415,112 15,748 (122,295 ) — (9,053 ) 299,512 Insurance income — — — — — 11,375,543 28,874 942,662 — (29,897 ) 12,317,182 Insurance expenses — — — — — (10,960,431 ) (13,126 ) (1,064,957 ) — 20,844 (12,017,670 ) Net gains (losses) on financial instruments at fair value through profit or loss (2,526 ) — 425,150 422,624 (103,815 ) 265,187 371 66,773 137,680 (144,948 ) 643,872 Net other operating income (expenses) (611,471 ) (640,427 ) 651,259 (600,639 ) 87,897 (12,640 ) (247,200 ) (2,272 ) (242,567 ) (45,903 ) (1,063,324 ) General and administrative expenses ₩ (1,241,721 ) ₩ (1,982,375 ) ₩ (663,323 ) ₩ (3,887,419 ) ₩ (757,276 ) ₩ (843,800 ) ₩ (441,921 ) ₩ (66,514 ) ₩ (373,919 ) ₩ 99,832 ₩ (6,271,017 ) Operating profit before provision for credit losses 1,338,555 997,128 1,095,966 3,431,649 337,129 287,640 819,115 18,148 359,049 (91,896 ) 5,160,834 Reversal (provision) for credit losses 125,919 (235,995 ) 6,546 (103,530 ) (14,366 ) 12,959 (439,765 ) 3,084 (128,331 ) (236 ) (670,185 ) Net operating income 1,464,474 761,133 1,102,512 3,328,119 322,763 300,599 379,350 21,232 230,718 (92,132 ) 4,490,649 Share of profit (loss) of associates and joint ventures — — 29,240 29,240 (103 ) (21 ) 1,106 — 7,201 (20,972 ) 16,451 Net other non-operating (262 ) — (38,625 ) (38,887 ) 30,518 26,490 3,362 (30 ) 34,644 (29,211 ) 26,886 Segment profit before income tax 1,464,212 761,133 1,093,127 3,318,472 353,178 327,068 383,818 21,202 272,563 (142,315 ) 4,533,986 Income tax expense (404,426 ) (209,311 ) (265,656 ) (879,393 ) (95,271 ) (92,381 ) (67,262 ) (5,238 ) (90,366 ) 9,124 (1,220,787 ) Profit for the year ₩ 1,059,786 ₩ 551,822 ₩ 827,471 ₩ 2,439,079 ₩ 257,907 ₩ 234,687 ₩ 316,556 ₩ 15,964 ₩ 182,197 ₩ (133,191 ) ₩ 3,313,199 Profit attributable to shareholders of the Parent Company 1,059,786 551,822 827,471 2,439,079 257,893 234,326 316,545 15,964 179,783 (131,762 ) 3,311,828 Profit attributable to non-controlling — — — — 14 361 11 — 2,414 (1,429 ) 1,371 Total assets* 139,496,393 147,468,173 100,460,472 387,425,038 47,816,512 36,552,368 22,990,115 9,801,904 42,140,936 (28,188,756 ) 518,538,117 Total liabilities* 142,063,122 161,834,984 54,522,699 358,420,805 43,131,858 32,689,460 18,925,195 9,186,567 18,675,585 (1,610,678 ) 479,418,792 2020 Banking business Securities Non-life Credit card Life Others Consolidation Total Corporate Retail Other Sub-total (In millions of Korean won) Operating revenues from external customers ₩ 2,833,601 ₩ 2,918,826 ₩ 1,797,921 ₩ 7,550,348 ₩ 1,448,409 ₩ 1,027,269 ₩ 1,538,230 ₩ 237,416 ₩ 690,970 ₩ — ₩ 12,492,642 Intersegment operating revenues (expenses) 178,199 — 108,118 286,317 (6,366 ) 5,976 (183,480 ) (9,655 ) 324,910 (417,702 ) — 3,011,800 2,918,826 1,906,039 7,836,665 1,442,043 1,033,245 1,354,750 227,761 1,015,880 (417,702 ) 12,492,642 Net interest income 3,238,002 3,178,280 338,484 6,754,766 510,566 615,951 1,265,703 260,925 314,832 (469 ) 9,722,274 Interest income 4,899,943 4,519,579 1,036,643 10,456,165 820,100 616,852 1,631,520 261,056 726,668 (26,614 ) 14,485,747 Interest expense (1,661,941 ) (1,341,299 ) (698,159 ) (3,701,399 ) (309,534 ) (901 ) (365,817 ) (131 ) (411,836 ) 26,145 (4,763,473 ) Net fee and commission income (expenses) 363,459 406,603 297,860 1,067,922 916,758 (171,220 ) 400,485 (18,059 ) 776,282 (13,229 ) 2,958,939 Fee and commission income 480,190 529,178 440,319 1,449,687 1,037,545 8,571 1,485,718 98 871,499 (326,094 ) 4,527,024 Fee and commission expense (116,731 ) (122,575 ) (142,459 ) (381,765 ) (120,787 ) (179,791 ) (1,085,233 ) (18,157 ) (95,217 ) 312,865 (1,568,085 ) Net insurance income (expenses) — — — — — 376,827 13,283 (91,410 ) — 1,293 299,993 Insurance income — — — — — 12,367,894 23,989 2,026,052 — (31,295 ) 14,386,640 Insurance expenses — — — — — (11,991,067 ) (10,706 ) (2,117,462 ) — 32,588 (14,086,647 ) Net gains (losses) on financial instruments at fair value through profit or loss (52,493 ) — 296,676 244,183 117,792 259,274 5,904 71,350 396,626 (83,763 ) 1,011,366 Net other operating income (expenses) (537,168 ) (666,057 ) 973,019 (230,206 ) (103,073 ) (47,587 ) (330,625 ) 4,955 (471,860 ) (321,534 ) (1,499,930 ) General and administrative expenses ₩ (1,555,089) ₩ (2,072,515) ₩ (573,742) ₩ (4,201,346) ₩ (844,503) ₩ (829,263) ₩ (514,845) ₩ (152,271) ₩ (405,530) ₩ 114,606 ₩ (6,833,152) Operating profit before provision for credit losses 1,456,711 846,311 1,332,297 3,635,319 597,540 203,982 839,905 75,490 610,350 (303,096 ) 5,659,490 Reversal (provision) for credit losses (204,302 ) (264,943 ) (14,937 ) (484,182 ) (23,827 ) 7,569 (396,376 ) 472 (148,127 ) 973 (1,043,498 ) Net operating income 1,252,409 581,368 1,317,360 3,151,137 573,713 211,551 443,529 75,962 462,223 (302,123 ) 4,615,992 Share of profit (loss) of associates and joint ventures — — (48,158 ) (48,158 ) 3,598 (42 ) 1,127 1 553 (829 ) (43,750 ) Net other non-operating 5,490 — 23,354 28,844 4,472 16,142 (6,636 ) (16,270 ) 40,927 121,911 189,390 Segment profit before income tax 1,257,899 581,368 1,292,556 3,131,823 581,783 227,651 438,020 59,693 503,703 (181,041 ) 4,761,632 Income tax expense (339,728 ) (159,876 ) (312,700 ) (812,304 ) (156,135 ) (63,778 ) (114,027 ) (27,167 ) (97,268 ) 11,328 (1,259,351 ) Profit for the year ₩ 918,171 ₩ 421,492 ₩ 979,856 ₩ 2,319,519 ₩ 425,648 ₩ 163,873 ₩ 323,993 ₩ 32,526 ₩ 406,435 ₩ (169,713) ₩ 3,502,281 Profit attributable to shareholders of the Parent Company 917,956 421,492 958,747 2,298,195 425,622 163,884 324,662 32,526 404,381 (194,119 ) 3,455,151 Profit (loss) attributable to non-controlling 215 — 21,109 21,324 26 (11 ) (669 ) — 2,054 24,406 47,130 Total assets * 164,323,181 161,330,053 112,790,880 438,444,114 57,570,654 39,078,117 24,071,645 35,546,572 47,408,052 (31,446,962 ) 610,672,192 Total liabilities * 167,236,387 176,571,944 64,227,709 408,036,040 52,516,488 35,086,458 19,789,959 32,524,518 21,598,232 (2,240,962 ) 567,310,733 * Assets and liabilities of the reporting segments are amounts before intersegment transactions. 5.2 Services and Geographical Segments 5.2.1 Services information Operating revenues from external customers by services for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Banking service ₩ 6,579,169 ₩ 6,946,626 ₩ 7,550,348 Securities service 997,898 1,113,200 1,448,409 Non-life 1,183,394 1,185,600 1,027,269 Credit card service 1,524,695 1,470,910 1,538,230 Life insurance service 113,238 107,404 237,416 Other service 461,293 608,111 690,970 ₩ 10,859,687 ₩ 11,431,851 ₩ 12,492,642 5.2.2 Geographical information Geographical operating revenues from external customers for the years ended December 31, 2018, 2019 and 2020, and major non-current Revenues from external customers Major non-current 2018 2019 2020 December 31, 2019 December 31, 2020 (In millions of Korean won) Domestic ₩ 10,666,586 ₩ 11,142,264 ₩ 11,891,540 ₩ 9,515,220 ₩ 10,603,254 United States 46,391 72,945 114,044 386,724 45,353 New Zealand 6,213 6,946 3,554 3,516 2,385 China 94,996 109,574 84,821 15,119 13,971 Cambodia 11,062 19,534 250,426 7,162 32,354 United Kingdom 8,119 10,037 28,681 85,634 81,879 Others 26,320 70,551 119,576 551,039 51,288 Consolidation — — — 68,764 487,742 ₩ 10,859,687 ₩ 11,431,851 ₩ 12,492,642 ₩ 10,633,178 ₩ 11,318,226 |
Financial Assets and Financial
Financial Assets and Financial Liabilities | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Financial Instruments Abstract [Abstract] | |
Disclosure Of Financial Instruments Explanatory | 6. Financial Assets and Financial Liabilities 6.1 Classification and Fair Value of Financial Instruments 6.1.1 Carrying amount and fair value of financial assets and liabilities by category as of December 31, 2019 and 2020, are as follows: December 31, 2019 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 20,837,878 ₩ 20,835,235 Financial assets at fair value through profit or loss 53,549,086 53,549,086 Due from financial institutions 216,367 216,367 Debt securities 50,721,526 50,721,526 Equity securities 2,103,843 2,103,843 Loans 427,545 427,545 Others 79,805 79,805 Derivatives held for trading 3,008,598 3,008,598 Derivatives held for hedging 182,075 182,075 Loans measured at amortized cost 339,684,059 340,836,884 Securities measured at amortized cost 25,346,555 26,570,494 Financial assets at fair value through other comprehensive income 46,436,051 46,436,051 Debt securities 43,556,848 43,556,848 Equity securities 2,504,105 2,504,105 Loans 375,098 375,098 Other financial assets 9,147,059 9,147,059 ₩ 498,191,361 ₩ 500,565,482 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,663,327 ₩ 2,663,327 Financial liabilities designated at fair value through profit or loss 12,704,826 12,704,826 Derivatives held for trading 2,842,950 2,842,950 Derivatives held for hedging 164,391 164,391 Deposits 305,592,771 306,048,291 Borrowings 37,818,860 37,808,944 Debentures 50,935,583 51,558,748 Other financial liabilities 22,629,587 22,629,587 ₩ 435,352,295 ₩ 436,421,064 December 31, 2020 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 25,608,842 ₩ 25,612,273 Financial assets at fair value through profit or loss 61,035,455 61,035,455 Due from financial institutions 100,094 100,094 Debt securities 58,415,100 58,415,100 Equity securities 2,092,313 2,092,313 Loans 337,983 337,983 Others 89,965 89,965 Derivatives held for trading 5,210,512 5,210,512 Derivatives held for hedging 334,873 334,873 Loans measured at amortized cost 377,166,984 378,791,808 Securities measured at amortized cost 36,870,229 38,026,073 Financial assets at fair value through other comprehensive income 61,825,197 61,825,197 Debt securities 58,456,889 58,456,889 Equity securities 3,074,899 3,074,899 Loans 293,409 293,409 Other financial assets 14,167,689 14,167,689 ₩ 582,219,781 ₩ 585,003,881 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,025,951 ₩ 2,025,951 Financial liabilities designated at fair value through profit or loss 9,784,107 9,784,107 Derivatives held for trading 5,014,072 5,014,072 Derivatives held for hedging 208,825 208,825 Deposits 338,580,220 338,833,784 Borrowings 49,827,156 50,081,900 Debentures 62,760,687 63,189,132 Other financial liabilities 28,612,287 28,612,287 ₩ 496,813,305 ₩ 497,750,058 Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The Group discloses the fair value of each class of assets and liabilities in a way that permits it to be compared with its carrying amount at the end of each reporting period. The best evidence of fair value of financial instruments is a quoted price in an active market. Methods of determining fair value of financial instruments are as follows: Cash and due from financial institutions Carrying amounts of cash and demand due from financial institutions and payment due from financial institutions are reasonable approximation of fair values. These financial instruments do not have a fixed maturity and are receivable on demand. Fair value of ordinary due from financial institutions is measured using Discounted Cash Flow (“DCF”) Model. Securities Fair value of financial instruments that are quoted in active markets is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institution. The institutions use one or more of the following valuation techniques including DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method, deemed suitable considering the characteristics of the financial instruments. Loans measured at amortized cost DCF model is used to determine the fair value of loans. Fair value is determined by discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Derivatives and financial instruments at fair value through profit or loss For exchange traded derivatives, quoted price in an active market is used to determine fair value and for OTC derivatives, fair value is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair values of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including the Finite Difference Method (“FDM”), the MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form and Tree Model or valuation results from independent external professional valuation institution. Deposits Carrying amount of demand deposits is regarded as representative of fair value because they do not have a fixed maturity and are payable on demand. Fair value of time deposits is determined using a DCF model. Fair value is determined by discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Borrowings Carrying amount of overdraft in foreign currency is regarded as representative of fair value because they do not have a fixed maturity and are payable on demand. Fair value of other borrowings is determined using a DCF model discounting contractual future cash flows at an appropriate discount rate. Debentures Fair value is determined by using the valuation results of external professional valuation institution, which are calculated using market inputs. Other financial assets and liabilities Carrying amounts are reasonable approximation of fair values. These financial instruments are temporary accounts used for other various transactions and their maturities are relatively short or not defined. 6.1.2 Fair value hierarchy The Group believes that valuation methods used for measuring the fair values of financial instruments are reasonable and that the fair values recognized in the consolidated statement of financial position are appropriate. However, the fair values of the financial instruments recognized in the consolidated statement of financial position may be different if other valuation methods or assumptions are used. Additionally, as there is a variety of valuation techniques and assumptions used in measuring fair value, it may be difficult to reasonably compare the fair value with that of other financial institutions. The Group classifies and discloses fair value of the financial instruments into the three-level hierarchy as follows: Level 1: The fair values are based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. Level 2: The fair values are based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: The fair values are based on unobservable inputs for the asset or liability. 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. If an observable input requires an adjustment using an unobservable input and that adjustment results in a significantly higher or lower fair value measurement, the resulting measurement would be categorized within Level 3 of the fair value hierarchy. 6.1.2.1 Fair value hierarchy of financial assets and liabilities at fair value in the consolidated statements of financial position Fair value hierarchy of financial assets and liabilities at fair value in the consolidated statements of financial position as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 11,177,716 ₩ 31,476,070 ₩ 10,895,300 ₩ 53,549,086 Due from financial institutions — 165,242 51,125 216,367 Debt securities 9,853,733 30,735,027 10,132,766 50,721,526 Equity securities 1,244,178 336,389 523,276 2,103,843 Loans — 239,412 188,133 427,545 Others 79,805 — — 79,805 Derivatives held for trading 72,983 2,398,831 536,784 3,008,598 Derivatives held for hedging — 182,075 — 182,075 Financial assets at fair value through other comprehensive income 15,188,993 29,764,660 1,482,398 46,436,051 Debt securities 14,236,566 29,320,282 — 43,556,848 Equity securities 952,427 69,280 1,482,398 2,504,105 Loans — 375,098 — 375,098 ₩ 26,439,692 ₩ 63,821,636 ₩ 12,914,482 ₩ 103,175,810 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,663,327 ₩ — ₩ — ₩ 2,663,327 Financial liabilities designated at fair value through profit or loss 492 1,482,302 11,222,032 12,704,826 Derivatives held for trading 157,634 2,458,498 226,818 2,842,950 Derivatives held for hedging — 164,391 — 164,391 ₩ 2,821,453 ₩ 4,105,191 ₩ 11,448,850 ₩ 18,375,494 December 31, 2020 Fair value hierarchy Total Level 1 Level 2 Level 3* (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 14,508,028 ₩ 35,298,665 ₩ 11,228,762 ₩ 61,035,455 Due from financial institutions — 10,011 90,083 100,094 Debt securities 13,316,819 34,580,168 10,518,113 58,415,100 Equity securities 1,101,244 409,259 581,810 2,092,313 Loans — 299,227 38,756 337,983 Others 89,965 — — 89,965 Derivatives held for trading 90,459 4,678,185 441,868 5,210,512 Derivatives held for hedging — 334,873 — 334,873 Financial assets at fair value through other comprehensive income 18,731,801 40,645,505 2,447,891 61,825,197 Debt securities 18,147,167 40,309,722 — 58,456,889 Equity securities 584,634 70,357 2,419,908 3,074,899 Loans — 265,426 27,983 293,409 ₩33,330,288 ₩80,957,228 ₩14,118,521 ₩128,406,037 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,025,951 ₩ — ₩ — ₩ 2,025,951 Financial liabilities designated at fair value through profit or loss 1,040 581,636 9,201,431 9,784,107 Derivatives held for trading 204,470 4,668,155 141,447 5,014,072 Derivatives held for hedging — 208,825 — 208,825 ₩2,231,461 ₩5,458,616 ₩9,342,878 ₩17,032,955 * Included KB Securities Co., Ltd.’s OTC derivatives consist of ₩ 635,920 million of financial assets at fair value through profit or loss (debt instruments), ₩ 9,201,431 million of financial liabilities designated at fair value through profit or loss, ₩ 441,775 million of derivative financial assets and ₩ 134,934 million of derivative financial liabilities. Valuation techniques and inputs of financial assets and liabilities classified as Level 2 and measured at fair value in the consolidated statements of financial position as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 31,476,070 Due from financial institutions 165,242 DCF Model, One factor Hull-White Model Discount rate, Volatility and others Debt securities 30,735,027 DCF Model, Closed Form, Option Model, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Net Asset Value Method and others Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient and others Equity securities 336,389 DCF Model Interest rate, Discount rate and others Loans 239,412 DCF Model Interest rate, Discount rate and others Derivatives held for trading 2,398,831 DCF Model, Closed Form, FDM, Option Model, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model and others Discount rate, Underlying asset Index, Volatility, Correlation coefficient, Interest rate, Stock price, Foreign exchange rate, Dividend yield, Probability of default (PD), Credit spread and others Derivatives held for hedging 182,075 DCF Model, Closed Form, FDM and others Discount rate, Volatility, Foreign exchange rate and others Financial assets at fair value through other comprehensive income 29,764,660 Debt securities 29,320,282 DCF Model, Option Model, Market value approach Discount rate, Underlying asset Index, Volatility and others Equity securities 69,280 DCF Model, Black-Scholes Model Discount rate, Underlying asset Index, Volatility and others Loans 375,098 DCF Model Discount rate, Underlying asset Index, Volatility and others ₩ 63,821,636 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 1,482,302 Derivatives held for trading 2,458,498 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Option Model, FDM and others Discount rate, Underlying asset Index, Volatility, Correlation coefficient, Interest rate, Stock price, Foreign exchange rate, Dividend yield, Probability of default (PD), Credit spread and others Derivatives held for hedging 164,391 DCF Model, Closed Form, FDM and others Discount rate, Volatility, Foreign exchange rate and others ₩ 4,105,191 December 31, 2020 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 35,298,665 Due from financial institutions 10,011 DCF Model Projected cash flow, Discount rate Debt securities 34,580,168 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Net Asset Value Method and others Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient and others Equity securities 409,259 DCF Model Interest rate, Discount rate and others Loans 299,227 DCF Model Interest rate, Discount rate and others Derivatives held for trading 4,678,185 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Discount rate, Underlying asset Index, Volatility, Interest rate, Stock price, Foreign exchange rate, Dividend yield and others Derivatives held for hedging 334,873 DCF Model, Closed Form, FDM and others Discount rate, Volatility, Foreign exchange rate and others Financial assets at fair value through other comprehensive income 40,645,505 Debt securities 40,309,722 DCF Model, Market value approach Discount rate, Volatility and others Equity securities 70,357 DCF Model Interest rate, Discount rate and others Loans 265,426 DCF Model Discount rate, Volatility and others ₩ 80,957,228 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 581,636 Derivatives held for trading 4,668,155 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model and others Discount rate, Price of underlying asset, Volatility, Interest rate, Stock price, Foreign exchange rate, Dividend yield and others Derivatives held for hedging 208,825 DCF Model, Closed Form, FDM and others Discount rate, Foreign exchange rate and others ₩ 5,458,616 6.1.2.2 Fair value hierarchy of financial assets and liabilities whose fair value is disclosed Fair value hierarchy of financial assets and liabilities whose fair value is disclosed as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 3,015,104 ₩ 13,812,640 ₩ 4,007,491 ₩ 20,835,235 Loans measured at amortized cost — 372,988 340,463,896 340,836,884 Securities measured at amortized cost 9,587,770 16,979,656 3,068 26,570,494 Other financial assets 2 — — 9,147,059 9,147,059 ₩ 12,602,874 ₩ 31,165,284 ₩ 353,621,514 ₩ 397,389,672 Financial liabilities Deposits 1 ₩ — ₩ 142,021,800 ₩ 164,026,491 ₩ 306,048,291 Borrowings 3 — 1,469,263 36,339,681 37,808,944 Debentures — 46,969,992 4,588,756 51,558,748 Other financial liabilities 2 — — 22,629,587 22,629,587 ₩ — ₩ 190,461,055 ₩ 227,584,515 ₩ 418,045,570 December 31, 2020 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 3,362,096 ₩ 19,573,075 ₩ 2,677,102 ₩ 25,612,273 Loans measured at amortized cost — 271,241 378,520,567 378,791,808 Securities measured at amortized cost 19,438,941 18,584,264 2,868 38,026,073 Other financial assets 2 — — 14,167,689 14,167,689 ₩ 22,801,037 ₩ 38,428,580 ₩ 395,368,226 ₩ 456,597,843 Financial liabilities Deposits 1 ₩ — ₩ 181,472,846 ₩ 157,360,938 ₩ 338,833,784 Borrowings 3 — 1,149,734 48,932,166 50,081,900 Debentures — 57,916,235 5,272,897 63,189,132 Other financial liabilities 2 — — 28,612,287 28,612,287 ₩ — ₩ 240,538,815 ₩ 240,178,288 ₩ 480,717,103 1 The amounts included in Level 2 are the carrying amounts which are reasonable approximations of the fair value. 2 Other financial assets and other financial liabilities included in Level 3 are the carrying amounts which are reasonable approximation of fair value. 3 Borrowings of ₩ 4,685 million and ₩ 292 million included in Level 2 is the carrying amounts which are reasonable approximation of fair value as of December 31, 2019 and 2020, respectively. For financial assets and liabilities whose carrying amount is a reasonable approximation of fair value, valuation techniques and inputs are not disclosed. Valuation techniques and inputs of financial assets and liabilities classified as Level 2, and whose fair value is disclosed as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 372,988 DCF Model Discount rate Securities measured at amortized cost 16,979,656 DCF Model, MonteCarlo Simulation Discount rate, ₩ 17,352,644 Financial liabilities Borrowings ₩ 1,464,578 DCF Model Discount rate Debentures 46,969,992 DCF Model Discount rate ₩ 48,435,570 December 31, 2020 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 271,241 DCF Model Discount rate Securities measured at amortized cost 18,584,264 DCF Model, MonteCarlo Simulation Discount rate, ₩ 18,855,505 Financial liabilities Borrowings ₩ 1,149,442 DCF Model Discount rate Debentures 57,916,235 DCF Model Discount rate ₩ 59,065,677 Valuation techniques and inputs of financial assets and liabilities classified as Level 3 and, whose fair value is disclosed and as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation Inputs (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 4,007,491 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 340,463,896 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate Securities measured at amortized cost 3,068 DCF Model Interest rate ₩ 344,474,455 Financial liabilities Deposits ₩ 164,026,491 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 36,339,681 DCF Model Other spread, Interest rate Debentures 4,588,756 DCF Model Other spread, Interest rate ₩ 204,954,928 December 31, 2020 Fair value Valuation Inputs ( In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 2,677,102 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 378,520,567 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate Securities measured at amortized cost 2,868 DCF Model Interest rate ₩ 381,200,537 Financial liabilities Deposits ₩ 157,360,938 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 48,932,166 DCF Model Other spread, Interest rate Debentures 5,272,897 DCF Model Other spread, Interest rate ₩ 211,566,001 6.2 Disclosure of Fair Value Hierarchy Level 3 6.2.1 Valuation policy and process of Level 3 fair value The Group uses external, independent and qualified valuation service in addition to internal valuation models to determine the fair value of the Group’s assets at the end of every reporting period. Where a reclassification between the levels of the fair value hierarchy occurs for a financial asset or liability, the Group’s policy is to recognize such transfers as having occurred at the beginning of the reporting period. 6.2.2 Changes in fair value (Level 3) measured using valuation technique based on unobservable inputs in the market 6.2.2.1 Changes in financial instruments classified as Level 3 of the fair value hierarchy for the years ended December 31, 2019 and 2020, are as follows: 2019 Financial assets at fair Financial Financial liabilities at Net derivatives Due from financial Securities Loans measured at Financial assets Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 48,743 ₩ 7,464,860 ₩ 213,203 ₩ 1,332,718 ₩ (10,873,383 ) ₩ (300,131 ) Total gains or losses Profit or loss 1,207 (66,208 ) 10,412 — (1,285,157 ) 851,453 Other comprehensive income (loss) 1,175 111,826 — 55,993 (25,538 ) — Purchases — 4,544,254 154,005 95,359 — — Sales — (2,139,174 ) (189,487 ) (1,672 ) — (163,856 ) Issues — — — — (12,416,402 ) (59,202 ) Settlements — — — — 13,378,448 (1,316 ) Transfers into Level 3* — 851,457 — — — (16,982 ) Transfers out of Level 3* — (110,973 ) — — — — Ending ₩ 51,125 ₩ 10,656,042 ₩ 188,133 ₩ 1,482,398 ₩ (11,222,032 ) ₩ 309,966 2020 Financial assets at fair Financial Financial liabilities at Net derivatives Due from financial Securities Loans measured at Equity securities Loans measured Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 51,125 ₩ 10,656,042 ₩ 188,133 ₩ 1,482,398 ₩ — ₩ (11,222,032 ) ₩ 309,966 Total gains or losses Profit or loss (2,021 ) 22,069 627 (206 ) — (406,788 ) 400,241 Other comprehensive income (loss) (7,693 ) 144,963 — 815,244 (217 ) (27,876 ) — Purchases 135,227 3,519,573 — 122,827 40,000 — (24,165 ) Sales (86,555 ) (3,263,111 ) (150,004 ) (355 ) (11,800 ) — (328,348 ) Issues — — — — — (9,333,419 ) (42,732 ) Settlements — — — — — 11,788,684 90 Transfers into Level 3* — 129,580 — — — — (1,044 ) Transfers out of Level 3* — (109,193 ) — — — — (13,587 ) Ending ₩ 90,083 ₩ 11,099,923 ₩ 38,756 ₩ 2,419,908 ₩ 27,983 ₩ (9,201,431 ) ₩ 300,421 * Changes in levels for the financial instruments occurred due to the change in the availability of observable market data. 6.2.2.2 In relation to changes in Level 3 of the fair value hierarchy, total gains or losses recognized in profit or loss for the year, and total gains or losses recognized in profit or loss from financial instruments held at the end of the reporting period for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 Net gains (losses) Other operating Net interest Net losses on Other operating Net interest (In millions of Korean won) Total gains (losses) recognized in profit or loss for the year ₩ (36,466) ₩ (405) ₩ 617 ₩ (489,703) ₩ 1,388 ₩ 22 Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting year 144,674 (289 ) 43 (37,668 ) 1,331 — 2020 Net gains on financial Other operating Net interest income (In millions of Korean won) Total gains (losses) recognized in profit or loss for the year ₩ 70,251 ₩ (56,329 ) ₩ — Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting year 129,824 (60,884 ) — 6.2.3 Sensitivity analysis of changes in unobservable inputs 6.2.3.1 Information about fair value measurements using unobservable inputs as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial assets Financial assets at fair value through profit or loss Due from financial institutions ₩ 51,125 Option Model Volatility of the underlying asset 11.43~34.39 The higher the volatility of the underlying asset, the higher the fair value fluctuation Correlation coefficient -4.84 The higher the correlation coefficient, the higher the fair value fluctuation Debt securities 10,132,766 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value, Income approach, Market approach and others Growth rate -1.00~1.00 The higher the growth rate, the higher the fair value Volatility 1.00~48.00 The higher the volatility, the higher the fair value fluctuation Discount rate 0.75~17.37 The lower the discount rate, the higher the fair value Recovery rate 40.00 The higher the recovery rate, the higher the fair value Correlation coefficient between underlying assets 3.11~95.67 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value 0.00 The higher the liquidation value, the higher the fair value Volatility of real estate price -1.00~1.00 The higher the price of real estate, the higher the fair value Equity securities 523,276 Income approach, Market value approach, Asset value approach, DCF Model, Comparable Company Analysis, Risk adjusted discount rate method, Dividend Discount Model, Usage of past transactions, Binomial Model and others Growth rate 0.00~2.20 The higher the growth rate, the higher the fair value Discount rate 2.00~22.00 The lower the discount rate, the higher the fair value Liquidation value -1.00~1.00 The higher the liquidation value, the higher the fair value Volatility 11.90 The higher the volatility, the higher the fair value fluctuation Loans 188,133 Binomial Model, DCF Model Volatility of the stock price 12.91~48.28 The higher the volatility, the higher the fair value fluctuation Discount rate 10.81 The lower the discount rate, the higher the fair value Derivatives held for trading Stock and index ₩ 416,486 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Volatility of the underlying asset 9.75~52.00 The higher the volatility, the higher the fair value fluctuation Model, Black-Scholes Model, Binomial Model Correlation coefficient between underlying assets 4.00~77.00 The higher the correlation coefficient, the higher the fair value fluctuation Currency and interest rate 120,298 DCF Model, Hull-White Model Volatility 2.00~58.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -49.00~90.00 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income Equity securities 1,482,398 Risk adjusted discount rate method, IMV Model, DCF Model, Comparable Company Analysis, Dividend discount model, Option Model, Net Asset value method, Market approach, One Factor Hull-White Model and others Growth rate 0.00~2.20 The higher the growth rate, the higher the fair value Discount rate 3.04~16.37 The lower the discount rate, the higher the fair value Volatility 20.97~34.87 The higher the volatility, the higher the fair value fluctuation ₩12,914,482 Financial liabilities Financial liabilities designated at fair value through profit or loss Derivative-linked securities ₩ 11,222,032 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model Volatility of the underlying asset 1.00~58.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -49.00~90.00 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation Derivatives held for trading Stock and index 54,341 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Binomial Model Volatility 12.00~52.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets 9.00~77.00 The higher the correlation coefficient, the higher the fair value fluctuation Others 172,477 MonteCarlo Simulation, Hull and White Model, DCF Model, Closed Form Volatility 2.00~58.00 The higher the volatility, the higher the fair value fluctuation Volatility of the stock price 16.28 The higher the volatility, the higher the fair value fluctuation Volatility of the interest rate 0.52 The higher the volatility, the higher the fair value fluctuation Discount rate 1.94~2.00 The higher the discount rate, the lower the fair value Correlation coefficient between underlying assets 19.00~90.00 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation ₩ 11,448,850 December 31, 2020 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to fair value (In millions of Financial assets Financial assets at fair value through profit or loss Due from financial institutions ₩ 90,083 MonteCarlo Simulation Volatility of the underlying asset 19.40 ~ 36.76 The higher the volatility of the underlying asset, the higher the fair value fluctuation Correlation coefficient 12.27 The higher the correlation coefficient, the higher the fair value fluctuation Debt securities 10,518,113 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Income approach, Market approach and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Volatility 8.00 ~ 179.75 The higher the volatility, the higher the fair value fluctuation Discount rate 0.00 ~ 21.37 The lower the discount rate, the higher the fair value Recovery rate 40 The higher the recovery rate, the higher the fair value Correlation coefficient between underlying assets -61.12 ~ 100.00 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value 0.00 The higher the liquidation value, the higher the fair value Volatility of real estate price 0.00 The higher the price of real estate, the higher the fair value Equity securities ₩ 581,810 Income approach, Market approach, Asset value approach, DCF Model, Comparable Company Analysis, Risk adjusted discount rate method, Dividend Discount Model, Usage of past transactions, Binomial Model and others Growth rate 0.00 ~ 1.10 The higher the growth rate, the higher the fair value Discount rate 0.60 ~ 18.67 The lower the discount rate, the higher the fair value Liquidation value 0.00 The higher the liquidation value, the higher the fair value Loans 38,756 Binomial Model, DCF Model Volatility of the stock price 0.00 The higher the volatility, the higher the fair value fluctuation Discount rate 7.86 The lower the discount rate, the higher the fair value Derivatives held for trading Stock and index ₩ 382,337 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Volatility of the underlying asset 20.00 ~ 72.00 The higher the volatility, the higher the fair value fluctuation Model, Black-Scholes Model, Binomial Model Correlation coefficient between underlying assets -61.12 ~ 89.01 The higher the correlation coefficient, the higher the fair value fluctuation Others 59,531 DCF Model, Hull-White Model Volatility 0.00 ~ 68.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -50.48 ~ 90.95 The higher the correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income Equity securities 2,419,908 Risk adjusted discount rate method, IMV Model, DCF Model, Comparable Company Analysis, Dividend discount model, Option Model, Net Asset Value Method, Market approach, One Factor Hull-White Model and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 7.60 ~ 19.67 The lower the discount rate, the higher the fair value Volatility 22.11 ~ 24.16 The higher the volatility, the higher the fair value fluctuation Loans 27,983 DCF Model Discount rate 2.21 ~ 4.21 The lower the discount rate, the higher the fair value ₩ 14,118,521 Financial liabilities Financial liabilities desig |
Due from Financial Institutions
Due from Financial Institutions Measured at Amortized Cost | 12 Months Ended |
Dec. 31, 2020 | |
Due From Financial Institution Abstract [Abstract] | |
Disclosure Of Cash And Bank Balances At Central Banks Explanatory | 7. Due from Financial Institutions Measured at Amortized Cost 7.1 Details of due from financial institutions as of December 31, 2019 and 2020, are as follows: Financial institutions Interest rate December 31, 2019 December 31, 2020 (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea 0.00 ₩ 8,117,840 ₩ 11,242,803 Due from banking institutions Hana Bank and others 0.00 ~ 1.90 4,641,714 3,692,044 Due from others NH Investment & Securities Co., Ltd. and others 0.00 ~ 1.63 654,981 753,581 13,414,535 15,688,428 Due from financial institutions in foreign currencies Due from banking institutions in foreign currencies Wells Fargo Bank N.A. and others 0.00 ~ 3.50 2,351,929 4,215,918 Time deposits in foreign currencies Bank of Shanghai, Beijing Branch and others 0.00 ~ 7.05 1,053,776 739,637 Due from others Societe Generale (Paris) and others 0.00 ~7.70 1,327,432 2,079,371 4,733,137 7,034,926 ₩ 18,147,672 ₩ 22,723,354 * Before netting of allowance 7.2 Details of restricted due from financial institutions as of December 31, 2019 and 2020, are as follows: Financial institutions December 31, 2019 December 31, Reasons of restriction (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea ₩ 8,117,840 ₩ 11,242,803 Bank of Korea Act Due from banking institutions Shinhan Bank and others 3,027,963 772,986 Net settlement and others Due from others NH Investment & Securities Co., Ltd. and others 555,294 545,457 Derivatives margin account and others 11,701,097 12,561,246 Due from financial institutions in foreign currencies Due from banking institutions in foreign currencies People’s Bank of China and others 490,071 1,097,729 Cambodian law and others Time deposits in foreign currencies Bank of Communications Co., Ltd. New York Branch 31,443 46,428 Bank Act of the State of New York and others Due from others Societe Generale (Paris) and others 1,150,355 1,597,960 Derivatives margin account and others 1,671,869 2,742,117 ₩ 13,372,966 ₩15,303,363 * Before netting of allowance 7.3 Changes in allowances for credit losses of due from financial institutions for the years ended December 31, 2019 and 2020, are as follows: 2019 12-month Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 2,019 ₩ — ₩ — Transfer between stages Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Disposal — — — Provision for credit losses 1,116 1,210 360 Others 29 (22 ) — Ending ₩ 3,164 ₩ 1,188 ₩ 360 2020 12-month Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 3,164 ₩ 1,188 ₩ 360 Transfer between stages Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Disposal — — — Reversal of credit losses (416 ) (1,128 ) — Business combination 154 — — Others 45 (26 ) (78 ) Ending ₩ 2,947 ₩ 34 ₩ 282 |
Assets pledged as collateral
Assets pledged as collateral | 12 Months Ended |
Dec. 31, 2020 | |
Pledged Assets Abstract [Abstract] | |
Disclosure Of Collateral Explanatory | 8. Assets Pledged as Collateral 8.1 Details of assets pledged as collateral as of December 31, 2019 and 2020, are as follows: December 31, 2019 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions Korea Federation of Savings Banks and others ₩ 3,752,497 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 7,561,287 Repurchase agreements The Korea Securities Depository and others 7,745,154 Securities borrowing transactions Samsung Futures Inc. and others 1,090,495 Derivatives transactions 16,396,936 Financial assets at fair value through other comprehensive income The Korea Securities Depository and others 1,139,852 Repurchase agreements The Korea Securities Depository and others 1,168,515 Securities borrowing transactions The Bank of Korea 1,212,021 Borrowings from the Bank of Korea The Bank of Korea 653,825 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 167,600 Derivatives transactions 4,341,813 Securities measured at amortized cost The Korea Securities Depository and others 581,268 Repurchase agreements The Bank of Korea 1,767,559 Borrowings from the Bank of Korea The Bank of Korea 3,077,151 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 247,301 Derivatives transactions Others 494,785 Others 6,168,064 Mortgage loans Others 6,487,022 Covered bond Real estate NATIXIS REAL ESTATE CAPITAL LLC and others 1,665,368 Borrowings from bank and others ₩ 38,811,700 December 31, 2020 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions Korea Federation of Savings Banks and others ₩ 1,293,930 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 10,733,047 Repurchase agreements The Korea Securities Depository and others 7,009,580 Securities borrowing transactions Samsung Futures Inc. and others 730,774 Derivatives transactions 18,473,401 Financial assets at fair value through other comprehensive income The Korea Securities Depository and others 2,216,165 Repurchase agreements The Korea Securities Depository and others 1,322,998 Securities borrowing transactions The Bank of Korea 2,837,452 Borrowings from the Bank of Korea The Bank of Korea 1,610,691 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 270,089 Derivatives transactions 8,257,395 Securities measured at amortized cost The Korea Securities Depository and others 664,438 Repurchase agreements The Bank of Korea 4,295,149 Borrowings from the Bank of Korea The Bank of Korea 3,677,922 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 103,748 Derivatives transactions Others 598,187 Others 9,339,444 Mortgage loans Others 10,699,721 Covered bond Real estate LGIM COMMERCIAL LENDING Ltd and others 1,480,942 Borrowings from bank and others ₩ 49,544,833 In addition, the Group provided ₩ 7,320,220 million and ₩ 4,680,816 million of its borrowed securities and assets held as collateral to Korea Securities Finance Corporation and others as collateral as of December 31, 2019 and 2020, respectively. 8.2 Fair value of collateral available to sell or repledge, and collateral sold or repledged, regardless of debtor’s default as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 6,726,632 ₩ — ₩ 6,726,632 December 31, 2020 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 3,732,013 ₩ — ₩ 3,732,013 |
Derivative Financial Instrument
Derivative Financial Instruments and Hedge Accounting | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Hedge Accounting Abstract [Abstract] | |
Disclosure Of Hedge Accounting Explanatory | 9. Derivative Financial Instruments and Hedge Accounting The Group’s derivative operations focus on addressing the needs of the Group’s corporate clients to hedge their risk exposure and hedging the Group’s risk exposure that results from such client contracts. The Group also engages in derivative trading activities to hedge the interest rate and foreign currency risk exposures that arise from the Group’s own assets and liabilities. In addition, the Group engages in proprietary trading of derivatives within the Group’s regulated open position limits. The Group provides and trades a range of derivatives products, including: • Interest rate swaps, relating to interest rate risks in Korean won • Cross-currency swaps, forwards and options relating to foreign exchange rate risks, • Stock price index options linked with the KOSPI index In particular, the Group applies fair value hedge accounting using interest rate swaps, currency forwards and others to hedge the risk of changes in fair values due to the changes in interest rate and foreign exchange rates of structured debentures in Korean won, debentures in foreign currencies, and structured deposits in foreign currencies. The Group applies cash flow hedge accounting using interest rate swaps, currency swaps and others to hedge the risk of changes in cash flows of floating rate debt securities in Korean won and borrowings in foreign currencies. In addition, the Group applies net investment in foreign operations hedge accounting by designating debentures in foreign currencies and cross currency forwards as hedging instruments to hedge foreign exchange risks on net investments in foreign operations. 9.1 Details of derivative financial instruments held for trading as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Notional amount Assets Liabilities Notional amount Assets Liabilities (In millions of Korean won) Interest rate Forwards ₩ 570,000 ₩ 206 ₩ 84,126 ₩ 1,824,000 ₩ 50,580 ₩ 107,218 Futures* 2,951,770 698 235 4,540,235 43 1,834 Swaps 270,091,778 512,145 557,511 300,105,350 631,917 682,401 Options 17,521,156 267,697 379,262 14,779,000 248,437 302,134 291,134,704 780,746 1,021,134 321,248,585 930,977 1,093,587 Currency Forwards 87,373,417 942,632 750,380 78,255,991 1,712,560 1,986,239 Futures* 107,793 — 349 376,281 158 695 Swaps 46,501,399 606,464 610,275 49,756,478 1,897,636 1,349,919 Options 2,789,562 5,438 14,346 2,377,775 33,421 28,012 136,772,171 1,554,534 1,375,350 130,766,525 3,643,775 3,364,865 Stock and index Futures* 1,646,785 22,451 20,704 1,027,347 20,061 2,246 Swaps 6,773,467 448,803 86,100 5,434,057 423,297 123,242 Options 5,559,865 99,013 176,141 6,482,510 135,805 275,282 13,980,117 570,267 282,945 12,943,914 579,163 400,770 Credit Swaps 4,433,960 19,178 13,659 3,015,782 19,395 9,700 4,433,960 19,178 13,659 3,015,782 19,395 9,700 Commodity Futures* 3,281 68 3 11,609 151 81 Swaps 105,658 2,948 474 13,923 268 991 108,939 3,016 477 25,532 419 1,072 Other 3,160,013 80,857 149,385 1,476,310 36,783 144,076 ₩ 449,589,904 ₩ 3,008,598 ₩ 2,842,950 ₩ 469,476,648 ₩ 5,210,512 ₩ 5,014,070 * Gains or losses arising from daily mark-to-market 9.2 Average price condition of future nominal cash flows by type of hedge accounting as of December 31, 2019 and 2020, are as follows: December 31, 2019 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 2,649,272 ₩ 1,807,950 ₩ 897,562 ₩ 309,882 ₩ 466,053 ₩ 1,414,570 ₩ 7,545,289 Average price condition (%) 2.29 2.70 2.29 3.16 2.50 3.92 2.91 Average price condition (USD/KRW) 1,149.90 1,138.82 1,094.35 — — — 1,146.84 Average price condition (EUR/KRW) 1,319.66 1,346.38 — — — — 1,327.68 Average price condition (AUD/KRW) 803.71 — — — — — 803.71 Cash flow hedge Nominal amount of the hedging instrument ₩ 2,450,918 ₩ 1,199,124 ₩ 1,764,991 ₩ 529,202 ₩ 120,000 ₩ 150,000 ₩ 6,214,235 Average price condition (%) 2.64 2.56 2.66 2.79 2.00 1.67 2.59 Average price condition (USD/KRW) 1,129.58 1,111.66 1,153.15 1,095.73 — — 1,132.99 Average price condition (EUR/KRW) 1,305.22 1,306.76 1,312.75 — — — 1,306.91 Average price condition (AUD/KRW) — 837.00 — — — — 837.00 Average price condition (SGD/KRW) 815.80 831.49 — — — — 823.54 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 248,233 ₩ — ₩ 27,336 ₩ — ₩ — ₩ — ₩ 275,569 Average price condition (USD/KRW) 1,151.49 — — — — — 1,151.49 Average price condition (GBP/KRW) — — 1,465.26 — — — 1,465.26 December 31, 2020 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 5,266,994 ₩ 1,083,877 ₩ 512,608 ₩ 620,788 ₩ 1,462,964 ₩ 2,442,692 ₩ 11,389,923 Average price condition (%) 0.76 0.81 1.00 1.07 1.21 1.14 0.97 Average price condition (USD/KRW) 1,160.33 1,115.45 1,151.50 — — — 1,157.28 Average price condition (EUR/KRW) 1,353.28 — 1,366.30 — — — 1,353.36 Average price condition (AUD/KRW) 835.43 — — — — — 835.43 Average price condition (GBP/KRW) 1,546.54 — — — — — 1,546.54 Cash flow hedge Nominal amount of the hedging instrument ₩ 2,568,922 ₩ 1,767,357 ₩ 1,277,053 ₩ 166,643 ₩ 509,940 ₩ 100,000 ₩ 6,389,915 Average price condition (%) 0.83 1.66 2.48 2.00 1.63 1.67 1.36 Average price condition (USD/KRW) 1,113.33 1,160.46 1,181.36 1,128.30 1,142.05 — 1,152.37 Average price condition (EUR/KRW) 1,306.76 1,312.75 1,321.00 — 1,340.64 — 1,312.93 Average price condition (AUD/KRW) 837.00 — — — — — 837.00 Average price condition (SGD/KRW) 831.49 — 866.14 — — — 858.33 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 217,274 ₩ 26,683 ₩ — ₩ — ₩ — ₩ — ₩ 243,957 Average price condition (USD/KRW) 1,111.45 — — — — — 1,111.45 Average price condition (GBP/KRW) — 1,465.26 — — — — 1,465.26 9.3 Fair Value Hedge 9.3.1 Details of fair value hedged items as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 549,526 ₩ — ₩ 5,485 ₩ — ₩ 5,502 Debt securities in foreign currencies 1,670,838 — 19,243 — 25,540 Deposits in foreign currencies — 780,491 — (18,391 ) (62,439 ) Debentures in Korean won — 351,070 — 21,070 (1,818 ) Debentures in foreign currencies — 2,067,556 — 41,406 (65,480 ) 2,220,364 3,199,117 24,728 44,085 (98,695 ) Currency Debt securities in foreign currencies 2,339,239 — 24,181 — 61,133 2,339,239 — 24,181 — 61,133 ₩ 4,559,603 ₩ 3,199,117 ₩ 48,909 ₩ 44,085 ₩ (37,562 ) December 31, 2020 2020 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 1,001,957 ₩ — ₩ 5,888 ₩ — ₩ 402 Debt securities in foreign currencies 2,712,980 — 62,922 — 42,382 Deposits in foreign currencies — 121,768 — 2,088 (4,491 ) Debentures in Korean won — 3,623,161 — (6,839 ) 27,909 Debentures in foreign currencies — 1,985,333 — 81,333 (37,438 ) 3,714,937 5,730,262 68,810 76,582 28,764 Currency Debt securities in foreign currencies 2,669,410 — 310,745 — (40,710 ) 2,669,410 — 310,745 — (40,710 ) ₩ 6,384,347 ₩ 5,730,262 ₩ 379,555 ₩ 76,582 ₩ (11,946 ) 9.3.2 Details of derivative instruments designated as fair value hedge as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 5,326,500 ₩ 129,085 ₩ 29,676 ₩ 101,448 Currency Forwards 2,218,789 22,503 27,862 (74,372) ₩ 7,545,289 ₩ 151,588 ₩ 57,538 ₩ 27,076 December 31, 2020 2020 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 9,217,731 ₩ 158,914 ₩ 51,842 ₩ (23,022 ) Currency Forwards 2,172,192 128,038 2,616 97,394 ₩ 11,389,923 ₩ 286,952 ₩ 54,458 ₩ 74,372 9.3.3 Details of hedge ineffectiveness recognized in profit or loss from derivatives for the years ended December 31, 2018, 2019 and 2020, are as follows: Hedge ineffectiveness recognized in profit or loss (In millions of Korean won) 2018 2019 2020 Hedge accounting Interest rate ₩ 1,186 ₩ 2,753 ₩ 5,742 Currency (20,694 ) (13,239 ) 56,684 ₩ (19,508 ) ₩ (10,486 ) ₩ 62,426 9.3.4 Gains or losses from fair value hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains (losses) on hedging instruments ₩ (160,416 ) ₩ 34,070 ₩ 89,179 Gains (losses) on the hedged items attributable to the hedged risk 135,556 (44,655 ) (26,899 ) ₩ (24,860 ) ₩ (10,585 ) ₩ 62,280 9.4 Cash Flow Hedge 9.4.1 Details of cash flow hedged items as of and for the years ended December 31, 2019 and 2020, are as follows: Cash flow hedge reserve Changes in fair value December 31, 2019 December 31, 2020 2019 2020 (In millions of Korean won) Hedge accounting Interest rate risk ₩ (15,670 ) ₩ (22,439 ) ₩ 25,671 ₩ 12,172 Foreign currency change risk (11,663 ) (6,158 ) 42,357 1,065 ₩ (27,333 ) ₩ (28,597 ) ₩ 68,028 ₩ 13,237 9.4.2 Details of derivative instruments designated as cash flow hedge as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 3,600,334 ₩ 3,698 ₩ 28,484 ₩ (25,997 ) Currency Swaps 2,613,901 23,382 73,067 (38,534 ) ₩ 6,214,235 ₩ 27,080 ₩ 101,551 ₩ (64,531 ) December 31, 2020 2020 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 3,532,480 ₩ 1,286 ₩ 37,120 ₩ (11,940 ) Currency Swaps 2,857,435 40,835 116,124 (43,300 ) ₩ 6,389,915 ₩ 42,121 ₩ 153,244 ₩ (55,240 ) 9.4.3 Gains or losses from cash flow hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Losses on hedging instruments ₩ (23,022) ₩ (64,531) ₩ (55,240) Effective portion of losses on cash flow hedging instruments (amount recognized in other comprehensive income) (24,672 ) (65,323 ) (48,034 ) Ineffective portion of losses on cash flow hedging instruments (amount recognized in profit or loss) 1,650 792 (7,206 ) 9.4.4 Amounts recognized in other comprehensive income (loss) and reclassified from equity to profit or loss for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Other comprehensive loss ₩ (24,672 ) ₩ (65,323 ) ₩ (48,034 ) Reclassification to profit or loss 15,234 21,604 39,190 Income tax effect 400 10,537 7,580 ₩ (9,038 ) ₩ (33,182 ) ₩ (1,264 ) 9.5 Hedge of Net Investments in Foreign Operations 9.5.1 Details of net investments in foreign operations hedged items as of and for the years ended December 31, 2019 and 2020, are as follows: Foreign currency translation reserve Changes in fair value December 31, 2019 December 31, 2020 2019 2020 (In millions of Korean won) Hedge accounting Currency (foreign currency exchange risk) ₩ (41,992 ) ₩ 22,278 ₩ 13,410 ₩ (88,769 ) 9.5.2 Details of financial instruments designated as hedge of net investments in foreign operations as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Notional Amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 275,569 ₩ 3,407 ₩ 5,302 ₩ (10,330 ) Debentures in foreign currencies 97,255 — 97,255 (3,080 ) ₩ 372,824 ₩ 3,407 ₩ 102,557 ₩ (13,410 ) December 31, 2020 2020 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 243,957 ₩ 5,800 ₩ 1,125 ₩ 14,406 Debentures in foreign currencies 842,112 — 842,112 74,363 ₩ 1,086,069 ₩ 5,800 ₩ 843,237 ₩ 88,769 9.5.3 Fair value of non-derivative December 31, 2019 December 31, 2020 (In millions of Korean won) Debentures in foreign currencies ₩ 97,737 ₩ 852,570 9.5.4 Gains or losses from hedging instruments in hedge of net investments in foreign operations and hedged items attributable to the hedged risk for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains (losses) on hedging instruments ₩ (25,096 ) ₩ (13,410 ) ₩ 88,769 Effective portion of gains (losses) on hedge of net investments in foreign operations (amount recognized in other comprehensive income) (25,096 ) (13,410 ) 88,769 Ineffective portion of gains (losses) on hedge of net investments in foreign operations (amount recognized in profit or loss) — — — 9.5.5 Effective portion of gains or losses on hedging instruments recognized in other comprehensive income for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Other comprehensive income (loss) ₩ (25,096 ) ₩ (13,410 ) ₩ 88,769 Reclassification to profit or loss (12,330 ) 1,316 — Income tax effect 10,292 3,194 (24,500 ) Other comprehensive income (loss) after tax ₩ (27,134 ) ₩ (8,900 ) ₩ 64,269 9.6 Interest Rate Benchmark Reform The Group’s exposure to hedging relationships related to the interest rate benchmark reform as of December 31, 2020, is as follows. The USD LIBOR interest rate will be replaced by the Secured Overnight Financing Rate (“SOFR”) based on actual transactions starting in 2022 and the KRW CD rate is currently under consideration for improving the calculation methodology. In this hedging relationship, the Group assumed that the spread to be changed on a SOFR basis in 2022 would be similar to that included in the interest rate swap used as a hedging instrument, and no other changes were assumed. December 31, 2020 Interest rate benchmark Currency Carrying amount of non-derivative assets Carrying amount of non-derivative liabilities Notional amount of (In millions of Korean won and millions of US dollars) CD#3M KRW 1,807,701 3,623,161 5,430,000 USD#LIBOR#3M USD 78,083 3,276 82,907 USD#LIBOR#6M USD 213 10 206 |
Loans Measured at Amortized Cos
Loans Measured at Amortized Cost | 12 Months Ended |
Dec. 31, 2020 | |
Trade And Other Receivables Abstract [Abstract] | |
Disclosure Of Trade And Other Receivables Explanatory | 10. Loans Measured at Amortized Cost 10.1 Details of loans as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Loans measured at amortized cost ₩ 341,363,805 ₩ 379,734,020 Deferred loan origination fees and costs 728,270 716,327 Less: Allowances for credit losses (2,408,016 ) (3,283,363 ) Carrying amount ₩ 339,684,059 ₩ 377,166,984 10.2 Details of loans to banks as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Loans measured at amortized cost ₩ 4,011,246 ₩ 5,577,728 Less: Allowances for credit losses (432 ) (682 ) Carrying amount ₩ 4,010,814 ₩ 5,577,046 10.3 Details of loan types and customer types of loans to customers other than banks as of December 31, 2019 and 2020, are as follows: December 31, 2019 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 159,232,495 ₩ 130,383,260 ₩ — ₩ 289,615,755 Loans in foreign currencies 433,399 8,125,029 — 8,558,428 Domestic import usance bills — 2,617,862 — 2,617,862 Off-shore — 1,387,798 — 1,387,798 Call loans — 610,001 — 610,001 Bills bought in Korean won — 2,843 — 2,843 Bills bought in foreign currencies — 2,158,877 — 2,158,877 Guarantee payments under acceptances and guarantees 36 3,312 — 3,348 Credit card receivables in Korean won — — 18,642,111 18,642,111 Credit card receivables in foreign currencies — — 6,299 6,299 Bonds purchased under repurchase agreements — 6,149,458 — 6,149,458 Privately placed bonds — 971,414 — 971,414 Factored receivables 117 167 — 284 Lease receivables 1,385,617 194,576 — 1,580,193 Loans for installment credit 5,737,458 38,700 — 5,776,158 166,789,122 152,643,297 18,648,410 338,080,829 Proportion (%) 49.33 45.15 5.52 100.00 Less: Allowances for credit losses (711,322 ) (956,554 ) (739,708 ) (2,407,584 ) ₩ 166,077,800 ₩ 151,686,743 ₩ 17,908,702 ₩ 335,673,245 December 31, 2020 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 175,062,187 ₩ 142,812,751 ₩ — ₩ 317,874,938 Loans in foreign currencies 3,092,630 16,159,722 — 19,252,352 Domestic import usance bills — 2,152,059 — 2,152,059 Off-shore — 1,203,737 — 1,203,737 Call loans — 1,582,251 — 1,582,251 Bills bought in Korean won — 1,620 — 1,620 Bills bought in foreign currencies — 1,739,262 — 1,739,262 Guarantee payments under acceptances and guarantees 10 8,011 — 8,021 Credit card receivables in Korean won — — 18,734,560 18,734,560 Credit card receivables in foreign currencies — — 63,071 63,071 Bonds purchased under repurchase agreements — 3,175,080 — 3,175,080 Privately placed bonds — 1,154,162 — 1,154,162 Factored receivables 104 3 — 107 Lease receivables 1,105,001 335,582 — 1,440,583 Loans for installment credit 6,440,521 50,295 — 6,490,816 185,700,453 170,374,535 18,797,631 374,872,619 Proportion (%) 49.54 45.45 5.01 100.00 Less: Allowances for credit losses (910,088 ) (1,671,098 ) (701,495 ) (3,282,681 ) ₩ 184,790,365 ₩ 168,703,437 ₩ 18,096,136 ₩ 371,589,938 10.4 Changes in deferred loan origination fees and costs for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Increase Decrease Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 664,237 ₩ 387,420 ₩ (406,352 ) ₩ — ₩ 645,305 Others 119,780 56,030 (79,432 ) — 96,378 784,017 443,450 (485,784 ) — 741,683 Deferred loan origination fees Loans in Korean won 9,055 7,238 (7,693 ) — 8,600 Others 21,836 3,415 (20,439 ) 1 4,813 30,891 10,653 (28,132 ) 1 13,413 ₩ 753,126 ₩ 432,797 ₩ (457,652 ) ₩ (1 ) ₩ 728,270 2020 Beginning Increase Decrease Business combination Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 645,305 ₩ 502,044 ₩ (473,392 ) ₩ — ₩ — ₩ 673,957 Others 1 96,378 53,345 (63,509 ) 9,376 — 95,590 741,683 555,389 (536,901 ) 9,376 — 769,547 Deferred loan origination fees Loans in Korean won 8,600 6,681 (6,133 ) — — 9,148 Others 2 4,813 21,636 (26,396 ) 48,117 (4,098 ) 44,072 13,413 28,317 (32,529 ) 48,117 (4,098 ) 53,220 ₩ 728,270 ₩ 527,072 ₩ (504,372 ) ₩ (38,741 ) ₩ 4,098 ₩ 716,327 1 Includes deferred loan origination costs to credit card receivables, loans for installment credit and financial lease receivables. 2 Includes deferred loan origination fees to loans in foreign currencies from PT Bank Bukopin TBK and PRASAC Microfinance Institution Limited. |
Allowances for Credit Losses
Allowances for Credit Losses | 12 Months Ended |
Dec. 31, 2020 | |
Reconciliation Of Changes In Allowance Account For Credit Losses Of Financial Assets Abstract [Abstract] | |
Disclosure Of Allowance For Credit Losses Explanatory | 11. Allowances for Credit Losses 11.1 Changes in allowances for credit losses of loans measured at amortized cost for the years ended December 31, 2019 and 2020, are as follows: 2019 Retail Corporate Credit card 12-month Lifetime expected credit 12-month Lifetime expected credit 12-month Lifetime expected credit Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 237,440 ₩ 215,743 ₩ 189,714 ₩ 214,312 ₩ 318,656 ₩ 722,875 ₩ 180,467 ₩ 290,025 ₩ 240,449 Transfer between stages Transfer to 12-month 168,460 (167,957 ) (503 ) 59,848 (46,312 ) (13,536 ) 51,542 (50,627 ) (915 ) Transfer to lifetime expected credit losses (144,590 ) 160,509 (15,919 ) (53,696 ) 141,398 (87,702 ) (23,537 ) 24,529 (992 ) Impairment (1,619 ) (54,736 ) 56,355 (2,250 ) (36,656 ) 38,906 (2,388 ) (14,377 ) 16,765 Write-offs (2 ) 24 (443,034 ) — 2 (239,319 ) — — (506,255 ) Sales (486 ) (70 ) (782 ) — — (8,909 ) — — — Provision (reversal) for credit losses 1,2 19,152 71,231 424,758 (3,540 ) (89,234 ) 80,216 3,567 16,633 524,652 Others (exchange differences, etc.) 25 161 (2,552 ) 395 2,456 (40,924 ) — — (9,830 ) Ending ₩ 278,380 ₩ 224,905 ₩ 208,037 ₩ 215,069 ₩ 290,310 ₩ 451,607 ₩ 209,651 ₩ 266,183 ₩ 263,874 2020 Retail Corporate Credit card 12-month Lifetime expected credit losses 12-month Lifetime expected credit losses 12-month Lifetime expected credit losses Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 278,380 ₩ 224,905 ₩ 208,037 ₩ 215,069 ₩ 290,310 ₩ 451,607 ₩ 209,651 ₩ 266,183 ₩ 263,874 Transfer between stages Transfer to 12-month 123,666 (121,970 ) (1,696 ) 119,723 (111,708 ) (8,015 ) 48,959 (47,611 ) (1,348 ) Transfer to lifetime expected credit losses (91,410 ) 182,076 (90,666 ) (56,655 ) 146,690 (90,035 ) (25,227 ) 26,379 (1,152 ) Impairment (3,301 ) (131,852 ) 135,153 (3,365 ) (48,773 ) 52,138 (2,273 ) (13,657 ) 15,930 Write-offs — (5 ) (460,734 ) — (1 ) (321,583 ) — — (502,275 ) Sales (1,561 ) (99 ) (1,131 ) (8 ) — (21,069 ) — — — Provision (reversal) for credit losses 1,2,3 49,459 78,413 428,220 (2,059 ) 113,335 180,162 (26,042 ) 2,925 496,162 Business combination 50,664 9,545 53,532 99,824 24,303 668,426 89 — 4,409 Others (exchange differences, etc.) (2,092 ) (435 ) (5,010 ) (3,747 ) (3,219 ) (19,570 ) — — (13,481 ) Ending ₩ 403,805 ₩ 240,578 ₩ 265,705 ₩ 368,782 ₩ 410,937 ₩ 892,061 ₩ 205,157 ₩ 234,219 ₩ 262,119 1 Provision for credit losses in the consolidated statements of comprehensive income also include provision (reversal) for credit losses of due from financial institutions (Note 7.3), and provision (reversal) for credit losses of financial investments (Note 12.5), provision for credit losses of unused commitments and guarantees (Note 24.2), provision (reversal) for credit losses of financial guarantees contracts (Note 24.3), and provision (reversal) for credit losses of other financial assets (Note 19.2). 2 Includes ₩ 390,041 million and ₩ 379,179 million of collections from written-off 3 Includes additional provision of ₩ 43,777 million for industries and borrowers which are highly affected by COVID-19, (non-impaired) The Group manages the written-off 11.2 Changes in gross carrying amount of loans for the years ended December 31, 2019 and 2020, are as follows: 2019 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 293,296,370 ₩ 26,417,165 ₩ 2,097,749 Transfer between stages Transfer to 12-month 54,530,173 (54,412,664 ) (117,509 ) Transfer to lifetime expected credit losses (non-impaired) (57,514,696 ) 58,078,679 (563,983 ) Transfer to lifetime expected credit losses (impaired) (564,375 ) (1,792,641 ) 2,357,016 Write-offs (2 ) 26 (1,188,608 ) Sales (889,880 ) (18,163 ) (188,080 ) Net increase (decrease) (execution, repayment and others) 27,519,419 (4,458,294 ) (495,627 ) Ending ₩ 316,377,009 ₩ 23,814,108 ₩ 1,900,958 2020 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 316,377,009 ₩ 23,814,108 ₩ 1,900,958 Transfer between stages Transfer to 12-month 26,751,021 (26,629,210 ) (121,811 ) Transfer to lifetime expected credit losses (non-impaired) (33,475,491 ) 34,603,648 (1,128,157 ) Transfer to lifetime expected credit losses (impaired) (596,861 ) (2,287,196 ) 2,884,057 Write-offs — (6 ) (1,284,592 ) Sales (4,324,146 ) (20,907 ) (200,182 ) Business combination 7,029,580 570,710 1,711,823 Net increase (decrease) (execution, repayment and others) 36,757,668 (1,546,945 ) (334,731 ) Ending ₩ 348,518,780 ₩ 28,504,202 ₩ 3,427,365 |
Financial Assets at Fair Value
Financial Assets at Fair Value through Profit or Loss and Financial Investments | 12 Months Ended |
Dec. 31, 2020 | |
Financial assets at fair value through profit or loss [Abstract] | |
Disclosure Of Financial Assets At Fair Value Through Profit Or Loss Explanatory | 12. Financial Assets at Fair Value through Profit or Loss and Financial Investments 12.1 Details of financial assets at fair value through profit or loss and financial investments as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Financial assets at fair value through profit or loss Debt securities: Government and public bonds ₩ 6,569,472 ₩ 9,315,317 Financial bonds 16,360,495 17,897,348 Corporate bonds 3,218,480 3,997,753 Asset-backed securities 124,898 236,130 Beneficiary certificates 12,375,326 14,200,802 Derivatives linked securities 3,623,648 2,218,502 Other debt securities 8,449,207 10,549,248 Equity securities: Stocks 1,716,149 1,632,619 Other equity securities 387,694 459,694 Loans: Privately placed bonds 265,499 212,021 Other loans 162,046 125,962 Due from financial institutions: Other due from financial institutions 216,367 100,094 Others 79,805 89,965 ₩ 53,549,086 ₩ 61,035,455 Financial Investments Financial assets at fair value through other comprehensive income Debt securities: Government and public bonds ₩ 9,501,642 ₩ 14,735,340 Financial bonds 20,913,361 23,194,387 Corporate bonds 12,289,820 18,721,327 Asset-backed securities 832,160 1,795,840 Other debt securities 19,865 9,995 Equity securities: Stocks 2,377,994 2,852,158 Equity investments 41,042 37,602 Other equity securities 85,069 185,139 Loans: Privately placed bonds 375,098 265,426 Other loans — 27,983 46,436,051 61,825,197 Financial assets at amortized cost Debt securities: Government and public bonds 5,395,720 17,193,289 Financial bonds 8,157,428 5,678,949 Corporate bonds 7,536,805 8,181,961 Asset-backed securities 4,258,274 5,788,587 Other debt securities — 30,392 Allowances for credit losses (1,672 ) (2,949 ) 25,346,555 36,870,229 ₩ 71,782,606 ₩ 98,695,426 12.2 Dividend income from equity securities designated at fair value through other comprehensive income for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 From the financial assets From the remaining financial assets From the financial assets From the (In millions of Korean won) Equity securities measured at fair value through other comprehensive income Stocks Listed ₩ — ₩ 26,121 ₩ 7,000 ₩ 11,843 Unlisted — 25,599 — 22,241 Equity investments — 95 — 285 Other equity securities — 2,953 — 3,755 ₩ — ₩ 54,768 ₩ 7,000 ₩ 38,124 12.3 Derecognized equity securities measured at fair value through other comprehensive income for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 Disposal price Accumulated disposal date Disposal price Accumulated disposal date (In millions of Korean won) Equity securities measured at fair value through other comprehensive income Stocks Listed ₩ 18,342 ₩ (25,652 ) ₩ 516,883 ₩ 326,394 Unlisted 1,671 169 13 13 Equity investments — — 3 3 ₩ 20,013 ₩ (25,483 ) ₩ 516,899 ₩ 326,410 12.4 Provision (reversal) for credit losses of financial investments for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 860 ₩ (873 ) ₩ (13 ) Loans measured at fair value through other comprehensive income 963 (826 ) 137 Securities measured at amortized cost 296 (282 ) 14 ₩ 2,119 ₩ (1,981 ) ₩ 138 2019 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 1,537 ₩ (1,144 ) ₩ 393 Loans measured at fair value through other comprehensive income 170 (982 ) (812 ) Securities measured at amortized cost 216 (280 ) (64 ) ₩ 1,923 ₩ (2,406 ) ₩ (483 ) 2020 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 4,297 ₩ (229 ) ₩ 4,068 Loans measured at fair value through other comprehensive income 202 (316 ) (114 ) Securities measured at amortized cost 1,916 (636 ) 1,280 ₩ 6,415 ₩ (1,181 ) ₩ 5,234 12.5 Changes in allowances for credit losses of financial investments for the years ended December 31, 2019 and 2020, are as follows: 2019 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 5,657 ₩ 192 ₩ 322 Transfer between stages Transfer to 12-month 437 (188 ) (249 ) Transfer to lifetime expected credit losses (669 ) 669 — Sales (329 ) — — Provision (reversal) for credit losses 219 (702 ) — Others 55 29 (73 ) Ending ₩ 5,370 ₩ — ₩ — 2020 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 5,370 ₩ — ₩ — Transfer between stages Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Sales (589 ) — — Provision for credit losses 5,195 39 — Others (68 ) — 73 Ending ₩ 9,908 ₩ 39 ₩ 73 |
Investments in Associates and J
Investments in Associates and Joint Ventures | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Significant Investments In Associates Abstract [Abstract] | |
Disclosure Of Significant Investments In Associates Explanatory | 13. Investments in Associates and Joint Ventures 13.1 Investments in associates and joint ventures as of December 31, 2019 and 2020, are as follows: December 31, 2019 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 1 15.19 ₩ 1,137 ₩ 1,705 ₩ 1,705 Investment finance Korea KB GwS Private Securities Investment Trust 26.74 113,880 138,013 136,168 Investment finance Korea KB-KDBC Pre-IPO 2 66.66 20,000 18,988 18,988 Investment finance Korea KB Star Office Private Real Estate Investment Trust No.1 21.05 20,000 19,839 19,839 Investment finance Korea PT Bank Bukopin TBK 22.00 116,422 115,321 121,381 Banking and foreign exchange transaction Indonesia Balhae Infrastructure Company 1 12.61 105,214 101,391 101,391 Investment finance Korea Aju Good Technology Venture Fund 38.46 19,998 23,016 23,016 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 17,736 12,725 Installment loan Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (14,746 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 29.33 440 10 125 Research, consulting and big data Korea Paycoms Co., Ltd. 3 11.70 800 17 45 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 398 1,000 Farm product distribution industry Korea KBSP Private Equity Fund No.4 1 14.95 6,100 5,904 5,904 Investment finance Korea KB Private Equity Fund No.3 1 15.69 8,000 7,754 7,754 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 5,991 5,991 Credit information Korea KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 25.00 12,970 13,616 13,616 Investment finance Korea Keystone-Hyundai Securities No.1 Private Equity Fund 1 4.49 1,908 1,625 1,625 Investment finance Korea KB Social Impact Investment Fund 30.00 1,500 1,465 1,465 Investment finance Korea KB-Solidus 43.33 42,697 45,021 45,718 Investment finance Korea POSCO-KB 31.25 7,500 6,847 6,847 Investment finance Korea KB-TS 2 56.00 19,824 19,731 19,731 Investment finance Korea KB-Brain Scale-up 2 42.55 21,250 20,504 19,752 Investment finance Korea KB-SJ 1 18.52 3,000 2,761 2,761 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 961 961 Investment Korea KB-Stonebridge 1 14.56 5,215 4,944 4,944 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 37.69 1,667 1,295 1,295 Investment finance Korea KB-UTC 44.29 450 417 417 Investment finance Korea APRO Co., Ltd. 1 15.19 1,500 2,565 2,790 Manufacture of electric power storage system Korea GH Real Estate I LP 42.00 17,678 19,042 19,042 Asset management Guernsey Others 2,505 2,243 1,244 ₩ 577,113 ₩ 584,374 ₩ 598,240 December 31, 2020 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 1 15.19 ₩ 551 ₩ 1,279 ₩ 1,279 Investment finance Korea KB GwS Private Securities Investment Trust 26.74 113,880 142,799 141,359 Investment finance Korea KB-KDBC Pre-IPO 2 66.66 13,601 16,042 16,042 Investment finance Korea KB Star Office Private Real Estate Investment Trust No.1 21.05 20,000 20,413 20,066 Investment finance Korea Balhae Infrastructure Company 1 12.61 106,107 106,624 106,624 Investment finance Korea Aju Good Technology Venture Fund 38.46 17,113 21,351 21,348 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 18,713 16,144 Installment loan Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (18,100 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 25.14 440 (5 ) — Research, consulting and big data Korea Paycoms Co., Ltd. 3 11.70 800 72 198 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 632 1,281 Farm product distribution industry Korea KBSP Private Equity Fund No.4 1 14.95 6,100 5,950 5,950 Investment finance Korea KB Private Equity Fund No.3 1 15.69 — 94 94 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 7,153 7,153 Credit information Korea KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 25.00 9,739 9,845 9,845 Investment finance Korea Keystone-Hyundai Securities No.1 Private Equity Fund 1 4.49 1,908 1,556 1,556 Investment finance Korea KB Social Impact Investment Fund 30.00 3,000 2,874 2,874 Investment finance Korea KB-Solidus 43.33 48,677 45,516 46,213 Investment finance Korea POSCO-KB 31.25 10,375 12,895 12,895 Investment finance Korea KB-TS 2 56.00 16,576 17,630 17,630 Investment finance Korea KB-Brain Scale-up 2 42.55 26,050 27,513 26,763 Investment finance Korea KB-SJ 1 18.52 4,500 4,133 4,133 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 960 960 Investment Korea KB-Stonebridge 1 14.56 14,308 16,636 16,636 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 37.69 5,795 5,049 5,049 Investment finance Korea KB-UTC 44.29 17,416 16,999 16,999 Investment finance Korea WJ Private Equity Fund No.1 26.95 10,000 9,711 9,711 Investment finance Korea All Together Korea Fund No.2 99.99 10,000 10,023 10,023 Asset management Korea KB-NAU 1 12.00 5,700 5,611 5,611 Asset management Korea JR GLOBAL REIT 26.07 215,854 215,854 215,854 Real estate management Korea Project Vanilla Co., Ltd. 49.00 2,450 2,151 2,151 System software publishing Korea December & Company Inc. 1 17.63 24,849 24,402 24,402 System software publishing Korea 2020 KB Fintech Renaissance Fund 1 5.05 550 547 547 Investment finance Korea KB Material and Parts No.1 PEF 1 14.47 3,400 3,371 3,371 Investment finance Korea FineKB Private Equity Fund No.1 25.00 — — — Investment finance Korea Others 2,475 1,004 674 ₩ 737,672 ₩ 757,297 ₩ 771,435 1 As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. 2 In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative 3 The ownership of Paycoms Co., Ltd. would be 22.96% and 22.96% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. 4 The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. In accordance with IAS No.28 Investments in Associates and Joint Ventures Although the Group holds more than 20% of ownership, the entities that the Group has a limited influence on due to the trust agreement on related activities, bankruptcy and rehabilitation procedures have been excluded from the investment in associates by limited influence 13.2 Condensed financial information, adjustments to the carrying amount and dividend from major investments in associates and joint ventures as of December 31, 2019 and 2020, and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019* Total assets Total Paid-in Equity Share of net Unrealized Consoli- (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 11,237 ₩ 20 ₩ 8,690 ₩ 11,217 ₩ 1,705 ₩ — ₩ 1,705 KB GwS Private Securities Investment Trust 522,865 741 425,814 522,124 138,013 (1,845 ) 136,168 KB-KDBC Pre-IPO 29,086 603 30,000 28,483 18,988 — 18,988 KB Star Office Private Real Estate Investment Trust No.1 218,611 122,465 95,000 96,146 19,839 — 19,839 PT Bank Bukopin TBK 8,148,013 7,623,829 106,536 524,184 115,321 6,060 121,381 Balhae Infrastructure Company 806,218 1,854 834,695 804,364 101,391 — 101,391 Aju Good Technology Venture Fund 60,675 828 52,000 59,847 23,016 — 23,016 SY Auto Capital Co., Ltd. 88,611 52,415 20,000 36,196 17,736 (5,011 ) 12,725 Incheon Bridge Co., Ltd. 609,194 707,563 61,096 (98,369 ) (14,746 ) 14,746 — Big Dipper Co., Ltd. 370 336 1,500 34 10 115 125 APRO Co., Ltd. 47,164 30,281 2,468 16,883 2,565 225 2,790 Paycoms Co., Ltd. 1,763 1,620 855 143 17 28 45 Food Factory Co., Ltd. 5,587 3,797 450 1,790 398 602 1,000 KBSP Private Equity Fund No.4 39,492 2 40,800 39,490 5,904 — 5,904 KB Private Equity Fund No.3 49,437 4 51,000 49,433 7,754 — 7,754 Korea Credit Bureau Co., Ltd. 96,855 30,289 10,000 66,566 5,991 — 5,991 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 55,524 1,063 51,880 54,461 13,616 — 13,616 Keystone-Hyundai Securities No.1 Private Equity Fund 187,156 153,842 42,837 33,314 1,625 — 1,625 KB Social Impact Investment Fund 4,885 3 5,000 4,882 1,465 — 1,465 KB-Solidus 103,896 5 61,800 103,891 45,021 697 45,718 POSCO-KB 21,916 4 24,000 21,912 6,847 — 6,847 GH Real Estate I LP 45,340 61 42,093 45,279 19,042 — 19,042 KB-TS 36,445 1,212 35,400 35,233 19,731 — 19,731 KB-Brain Scale-up 48,369 185 51,700 48,184 20,504 (752 ) 19,752 KB-SJ 14,914 4 16,200 14,910 2,761 — 2,761 UNION Media Commerce Fund 3,318 4 3,450 3,314 961 — 961 KB-Stonebridge 34,450 507 35,805 33,943 4,944 — 4,944 KB SPROTT Renewable Private Equity Fund No.1 3,686 249 9,640 3,437 1,295 — 1,295 KB-UTC 1,016 75 1,016 941 417 — 417 2019* Operating Net profit Other Total Dividends (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 3,225 ₩ 2,452 ₩ — ₩ 2,452 ₩ — KB GwS Private Securities Investment Trust 42,503 41,524 — 41,524 9,297 KB-KDBC Pre-IPO 371 (638 ) — (638 ) — KB Star Office Private Real Estate Investment Trust No.1 14,455 6,004 — 6,004 — PT Bank Bukopin TBK 721,169 (5,612 ) 45,780 40,168 — Balhae Infrastructure Company 62,113 (3,153 ) — (3,153 ) 6,855 Aju Good Technology Venture Fund 9,288 7,734 — 7,734 — SY Auto Capital Co., Ltd. 20,394 5,292 (215 ) 5,077 — Incheon Bridge Co., Ltd. 107,178 9,127 — 9,127 — Big Dipper Co., Ltd. 598 (532 ) — (532 ) — APRO Co., Ltd. 47,725 7,702 — 7,702 — Paycoms Co., Ltd. 262 (343 ) — (343 ) — Food Factory Co., Ltd. 6,807 664 — 664 — KBSP Private Equity Fund No.4 39 (1,304 ) — (1,304 ) — KB Private Equity Fund No.3 — (485 ) — (485 ) — Korea Credit Bureau Co., Ltd. 91,200 1,480 — 1,480 135 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 4,077 (3,911 ) — (3,911 ) — Keystone-Hyundai Securities No.1 Private Equity Fund 18,342 (572 ) — (572 ) — KB Social Impact Investment Fund 8 (118 ) — (118 ) — KB-Solidus 13,085 8,708 — 8,708 — POSCO-KB 1,000 (371 ) — (371 ) — GH Real Estate I LP 5,043 3,698 565 4,263 — KB-TS 1,643 632 — 632 — KB-Brain Scale-up 138 (3,355 ) — (3,355 ) — KB-SJ — (673 ) — (673 ) — UNION Media Commerce Fund — (3 ) — (3 ) — KB-Stonebridge 346 (1,856 ) — (1,856 ) — KB SPROTT Renewable Private Equity Fund No.1 1 (986 ) — (986 ) — KB-UTC — (75 ) — (75 ) — December 31, 2020* Total assets Total Paid-in Equity Share Unrealized Consolidated (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 8,423 ₩ 3 ₩ 5,940 ₩ 8,420 ₩ ₩ — ₩ 1,279 KB GwS Private Securities Investment Trust 534,764 741 425,814 534,023 142,799 (1,440 ) 141,359 KB-KDBC Pre-IPO 24,655 592 20,400 24,063 16,042 — 16,042 KB Star Office Private Real Estate Investment Trust No.1 231,018 122,298 95,000 108,720 20,413 (347 ) 20,066 Balhae Infrastructure Company 847,758 1,870 841,784 845,888 106,624 — 106,624 Aju Good Technology Venture Fund 57,776 2,265 44,500 55,511 21,351 (3 ) 21,348 SY Auto Capital Co., Ltd. 89,462 51,272 20,000 38,190 18,713 (2,569 ) 16,144 Incheon Bridge Co., Ltd. 579,386 700,133 61,096 (120,747 ) (18,100 ) 18,100 — Big Dipper Co., Ltd. 285 306 1,750 (21 ) (5 ) 5 — Paycoms Co., Ltd. 2,690 2,073 855 617 72 126 198 Food Factory Co., Ltd. 7,613 4,767 450 2,846 632 649 1,281 KBSP Private Equity Fund No.4 39,795 — 40,800 39,795 5,950 — 5,950 KB Private Equity Fund No.3 1,132 533 — 599 94 — 94 Korea Credit Bureau Co., Ltd. 117,077 37,599 10,000 79,478 7,153 — 7,153 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 42,585 3,205 38,960 39,380 9,845 — 9,845 Keystone-Hyundai Securities No.1 Private Equity Fund 178,848 132,123 42,837 46,725 1,556 — 1,556 KB Social Impact Investment Fund 9,585 4 10,000 9,581 2,874 — 2,874 KB-Solidus 106,215 1,179 75,600 105,036 45,516 697 46,213 POSCO-KB 41,807 541 33,200 41,266 12,895 — 12,895 KB-TS 34,972 3,490 29,600 31,482 17,630 — 17,630 KB-Brain Scale-up 64,968 313 62,980 64,655 27,513 (750 ) 26,763 KB-SJ 22,327 6 24,300 22,321 4,133 — 4,133 UNION Media Commerce Fund 3,318 7 3,450 3,311 960 — 960 KB-Stonebridge 114,712 496 98,235 114,216 16,636 — 16,636 KB SPROTT Renewable Private Equity Fund No.1 13,896 497 15,376 13,399 5,049 — 5,049 KB-UTC 38,585 207 39,319 38,378 16,999 — 16,999 WJ Private Equity Fund No.1 36,197 170 37,100 36,027 9,711 — 9,711 All Together Korea Fund No.2 10,025 1 10,001 10,024 10,023 — 10,023 KB-NAU 47,607 850 47,500 46,757 5,611 — 5,611 JR GLOBAL REIT 1,859,214 1,043,068 165,600 816,146 215,854 — 215,854 Project Vanilla Co., Ltd. 4,445 132 5,000 4,313 2,151 — 2,151 December & Company Inc. 68,173 3,305 35,441 64,868 24,402 — 24,402 2020 KB Fintech Renaissance Fund 10,841 5 10,900 10,836 547 — 547 KB Material and Parts No.1 PEF 23,296 — 23,500 23,296 3,371 — 3,371 FineKB Private Equity Fund No.1 — 77 — (77 ) — — — 2020* Operating Net profit Other Total Dividends (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,942 ₩ 1,053 ₩ — ₩ 1,053 ₩ — KB GwS Private Securities Investment Trust 48,501 47,520 — 47,520 9,525 KB-KDBC Pre-IPO 5,151 4,421 — 4,421 — KB Star Office Private Real Estate Investment Trust No.1 2,392 1,076 — 1,076 — Balhae Infrastructure Company 63,781 89,757 — 89,757 6,973 Aju Good Technology Venture Fund 8,685 2,815 — 2,815 — SY Auto Capital Co., Ltd. 17,404 2,057 (49 ) 2,008 — Incheon Bridge Co., Ltd. 70,345 (23,200 ) — (23,200 ) — Big Dipper Co., Ltd. 942 (305 ) — (305 ) — Paycoms Co., Ltd. 1,391 505 — 505 — Food Factory Co., Ltd. 9,282 407 — 407 — KBSP Private Equity Fund No.4 2 306 — 306 — KB Private Equity Fund No.3 — 15,442 — 15,442 2,082 Korea Credit Bureau Co., Ltd. 107,810 13,391 — 13,391 89 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 1,629 626 — 626 — Keystone-Hyundai Securities No.1 Private Equity Fund 16,586 (1,536 ) — (1,536 ) — KB Social Impact Investment Fund 8 (301 ) — (301 ) — KB-Solidus 6,435 (12,655 ) — (12,655 ) — POSCO-KB 12,842 10,154 — 10,154 — KB-TS 5,342 4,051 — 4,051 — KB-Brain Scale-up 5,257 3,013 — 3,013 — KB-SJ — (689 ) — (689 ) — UNION Media Commerce Fund — (3 ) — (3 ) — KB-Stonebridge 20,068 17,842 — 17,842 — KB SPROTT Renewable Private Equity Fund No.1 1 (991 ) — (991 ) — KB-UTC — (866 ) — (866 ) — WJ Private Equity Fund No.1 2 (1,073 ) — (1,073 ) — All Together Korea Fund No.2 187 150 — 150 — KB-NAU 2,901 (743 ) — (743 ) — JR GLOBAL REIT — — — — — Project Vanilla Co., Ltd. — (611 ) — (611 ) — December & Company Inc. 756 (2,469 ) — (2,469 ) — 2020 KB Fintech Renaissance Fund 1 (64 ) — (64 ) — KB Material and Parts No.1 PEF — (204 ) — (204 ) — FineKB Private Equity Fund No.1 — (77 ) — (77 ) — * The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. 13.3 Changes in carrying amount of investments in associates and joint ventures for the years ended December 31, 2019 and 2020, are as follows: 2019 1 Beginning Acquisition Disposal Dividends Gains Other hensive income Impairment Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,649 ₩ — ₩ (317 ) ₩ — ₩ 373 ₩ — ₩ — ₩ 1,705 KB GwS Private Securities Investment Trust 134,362 — — (9,297 ) 11,103 — — 136,168 KB-KDBC Pre-IPO 14,594 5,000 — — (606 ) — — 18,988 KB Star Office Private Real Estate Investment Trust No.1 19,839 — — — — — — 19,839 PT Bank Bukopin 2 113,932 — — — (1,236 ) 10,408 (1,723 ) 121,381 Balhae Infrastructure Company 108,050 592 — (6,855 ) (396 ) — — 101,391 Aju Good Technology Venture Fund 18,134 1,960 — — 2,922 — — 23,016 SY Auto Capital Co., Ltd. 10,672 — — — 2,158 (105 ) — 12,725 Big Dipper Co., Ltd. 280 — — — (155 ) — — 125 APRO Co., Ltd. 1,403 — — — 1,386 1 — 2,790 Paycoms Co., Ltd. 103 — — — (58 ) — — 45 Food Factory Co., Ltd. 928 — — — 72 — — 1,000 KBSP Private Equity Fund No.4 — 6,100 — — (196 ) — — 5,904 KB Private Equity Fund No.3 7,830 — — — (76 ) — — 7,754 Korea Credit Bureau Co., Ltd. 5,941 — — (135 ) 185 — — 5,991 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 14,601 — — — (985 ) — — 13,616 Keystone-Hyundai Securities No.1 Private Equity Fund 1,581 66 — — (26 ) 4 — 1,625 KB Social Impact Investment Fund — 1,500 — — (35 ) — — 1,465 KB-Solidus — 42,697 — — 3,021 — — 45,718 POSCO-KB 4,463 2,500 — — (116 ) — — 6,847 GH Real Estate I LP 17,252 — — — 1,553 237 — 19,042 KB-TS 13,777 7,440 (1,840 ) — 269 85 — 19,731 KB-Brain Scale-up 7,930 13,250 — — (1,428 ) — — 19,752 KB-SJ 1,386 1,500 — — (125 ) — — 2,761 UNION Media Commerce Fund 962 — — — (1 ) — — 961 KB-Stonebridge — 7,070 (1,855 ) — (271 ) — — 4,944 KB SPROTT Renewable Private Equity Fund No.1 — 1,667 — — (372 ) — — 1,295 KB-UTC — 450 — — (33 ) — — 417 Others 5,263 408 (4,463 ) — 667 212 (843 ) 1,244 ₩ 504,932 ₩ 92,200 ₩ (8,475 ) ₩ (16,287 ) ₩ 17,594 ₩ 10,842 ₩ (2,566 ) ₩ 598,240 2020 1 Beginning Acquisition Disposal Dividends Gains Other hensive income Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,705 ₩ — ₩ (586 ) ₩ — ₩ 160 ₩ — ₩ 1,279 KB GwS Private Securities Investment Trust 136,168 — — (9,525 ) 14,716 — 141,359 KB-KDBC Pre-IPO 18,988 — (6,399 ) — 3,453 — 16,042 KB Star Office Private Real Estate Investment Trust No.1 19,839 — — — 227 — 20,066 PT Bank Bukopin TBK 2 121,381 43,909 (54,069 ) — (107,258 ) (3,963 ) — Balhae Infrastructure Company 101,391 893 — (6,973 ) 11,313 — 106,624 Aju Good Technology Venture Fund 23,016 — (2,885 ) — 1,217 — 21,348 SY Auto Capital Co., Ltd. 12,725 — — — 3,422 (3 ) 16,144 Incheon Bridge Co., Ltd. — — — — — — — Big Dipper Co., Ltd. 125 — — — (125 ) — — Paycoms Co., Ltd. 45 — — — 153 — 198 Food Factory Co., Ltd. 1,000 — — — 247 34 1,281 KBSP Private Equity Fund No.4 5,904 — — — 46 — 5,950 KB Private Equity Fund No.3 7,754 — (8,000 ) (2,082 ) 2,422 — 94 Korea Credit Bureau Co., Ltd. 5,991 — — (89 ) 1,251 — 7,153 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 13,616 — (3,231 ) — (540 ) — 9,845 Keystone-Hyundai Securities No.1 Private Equity Fund 1,625 — — — (69 ) — 1,556 KB Social Impact Investment Fund 1,465 1,500 — — (91 ) — 2,874 KB-Solidus 45,718 10,920 (4,940 ) — (5,485 ) — 46,213 POSCO-KB 6,847 5,000 (2,125 ) — 3,173 — 12,895 KB-TS 19,731 2,240 (5,488 ) — 1,232 (85 ) 17,630 KB-Brain Scale-up 19,752 8,000 (3,200 ) — 2,211 — 26,763 KB-SJ 2,761 1,500 — — (128 ) — 4,133 UNION Media Commerce Fund 961 — — — (1 ) — 960 KB-Stonebridge 4,944 9,093 — — 2,599 — 16,636 KB SPROTT Renewable Private Equity Fund No.1 1,295 4,128 — — (374 ) — 5,049 KB-UTC 417 16,966 — — (384 ) — 16,999 WJ Private Equity Fund No.1 — 10,000 — — (289 ) — 9,711 All Together Korea Fund No.2 — 100,000 (90,000 ) — 150 (127 ) 10,023 KB-NAU — 5,700 — — (89 ) — 5,611 JR GLOBAL REIT — 219,493 (3,639 ) — — — 215,854 Project Vanilla Co., Ltd. — 2,450 — — (299 ) — 2,151 December & Company Inc. — 30,000 (5,151 ) — (447 ) — 24,402 2020 KB Fintech Renaissance Fund — 550 — — (3 ) — 547 KB Material and Parts No.1 PEF — 3,400 — — (29 ) — 3,371 FineKB Private Equity Fund No.1 — — — — — — — Others 23,076 40,000 (61,862 ) — (899 ) 359 674 ₩ 598,240 ₩ 515,742 ₩ (251,575 ) ₩ (18,669 ) ₩ (68,518 ) ₩ (3,785 ) ₩ 771,435 1 Gains on disposal of investments in associates and joint ventures amount to ₩ 1,423 million ₩ 24,768 million for the years ended December 31, 2019 and 2020, respectively. 2 The investment was reclassified to subsidiaries from associates for the year ended December 31, 2020 due to additional share purchase. 13.4 Unrecognized share of losses in investments in associates and joint ventures due to discontinuation of applying the equity method for the years ended December 31, 2019 and 2020 and accumulated amount as of December 31, 2019 and 2020, are as follows: Unrecognized losses (gains) Accumulated unrecognized losses 2019 2020 December 31, 2019 December 31, 2020 (In millions of Korean won) Doosung Metal Co., Ltd. ₩ 46 ₩ — ₩ 65 ₩ 65 Incheon Bridge Co., Ltd. (1,944 ) 3,354 14,746 18,100 Jungdong Steel Co., Ltd. — — 489 489 DPAPS Co., Ltd. 14 19 339 358 Shinla Construction Co., Ltd. — — 183 183 Jaeyang Industry Co., Ltd. — — 30 30 Terra Corporation — — 14 14 Jungdo Co., Ltd. — 151 161 312 Jinseung Tech Co., Ltd. 18 — 21 21 Korea NM Tech Co., Ltd. — — 28 28 Chongil Machine & Tools Co., Ltd. 19 — 19 19 SKYDIGITAL INC. 106 — 106 106 Imt Technology Co., Ltd. — 3 — 3 Jo Yang Industrial Co., Ltd. — 96 — 96 IDTECK Co., Ltd. — 216 — 216 ₩ (1,741 ) ₩ 3,839 ₩ 16,201 ₩ 20,040 |
Property and Equipment, and Inv
Property and Equipment, and Investment Properties | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Property Plant And Equipment And Investment Property Abstract [Abstract] | |
Disclosure Of Property Plant And Equipment And Investment Property Explanatory | 14. Property and Equipment, and Investment Properties 14.1 Property and Equipment 14.1.1 Details of property and equipment as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,431,812 ₩ — ₩ (1,018 ) ₩ 2,430,794 Buildings 2,265,929 (757,147 ) (5,859 ) 1,502,923 Leasehold improvements 865,531 (749,407 ) — 116,124 Equipment and vehicles 1,867,739 (1,487,386 ) — 380,353 Construction in-progress 86,303 — — 86,303 Right-of-use 854,327 (302,269 ) (1,178 ) 550,880 ₩ 8,371,641 ₩ (3,296,209 ) ₩ (8,055 ) ₩ 5,067,377 December 31, 2020 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,611,604 ₩ — ₩ (1,018 ) ₩ 2,610,586 Buildings 2,607,957 (830,516 ) (5,859 ) 1,771,582 Leasehold improvements 929,120 (833,293 ) — 95,827 Equipment and vehicles 2,040,100 (1,699,442 ) — 340,658 Construction in-progress 44,190 — — 44,190 Right-of-use 1,094,876 (524,165 ) — 570,711 ₩ 9,327,847 ₩ (3,887,416 ) ₩ (6,877 ) ₩ 5,433,554 14.1.2 Changes in property and equipment for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition Transfer 1 Disposal Depreciation 2 Business Combination Others Ending (In millions of Korean won) Land ₩ 2,432,041 ₩ 7,334 ₩ (3,957 ) ₩ (4,907 ) ₩ — ₩ — ₩ 283 ₩ 2,430,794 Buildings 1,330,211 10,908 220,535 (9,964 ) (55,669 ) — 6,902 1,502,923 Leasehold improvements 122,309 13,398 58,645 (338 ) (77,948 ) — 58 116,124 Equipment and vehicles 280,624 283,896 (4 ) (526 ) (183,900 ) — 263 380,353 Construction in-progress 88,618 293,204 (288,136 ) — — — (7,383 ) 86,303 Right-of-use 589,188 379,934 19 (153,034 ) (281,404 ) — 16,177 550,880 ₩ 4,842,991 ₩ 988,674 ₩ (12,898 ) ₩ (168,769 ) ₩ (598,921 ) ₩ — ₩ 16,300 ₩ 5,067,377 2020 Beginning Acquisition Transfer 1 Disposal Depreciation2 Business Combination Others Ending (In millions of Korean won) Land ₩ 2,430,794 ₩ 6,475 ₩ (116,264 ) ₩ (2,578 ) ₩ — ₩ 295,421 ₩ (3,262 ) ₩ 2,610,586 Buildings 1,502,923 43,592 190,917 (4,442 ) (61,339 ) 100,984 (1,053 ) 1,771,582 Leasehold improvements 116,124 13,348 34,596 (574 ) (73,394 ) 5,087 640 95,827 Equipment and vehicles 380,353 161,515 3,705 (1,990 ) (221,697 ) 19,873 (1,101 ) 340,658 Construction in-progress 86,303 229,927 (291,336 ) — — 20,022 (726 ) 44,190 Right-of-use 550,880 426,405 53 (203,376 ) (272,686 ) 55,656 13,779 570,711 ₩ 5,067,377 ₩ 881,262 ₩ (178,329 ) ₩ (212,960 ) ₩ (629,116 ) ₩ 497,043 ₩ 8,277 ₩ 5,433,554 1 Includes transfers with investment properties and assets held for sale. 2 Includes depreciation expenses amounting to ₩ 111 million and ₩ 123 million recorded as other operating expenses for the years ended December 31, 2019 and 2020, respectively. 14.1.3 Changes in accumulated impairment losses of property and equipment for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (6,877 ) ₩ — ₩ — ₩ — ₩ (6,877 ) Accumulated impairment losses of right-of-use — (1,178 ) — — (1,178 ) ₩ (6,877 ) ₩ (1,178 ) ₩ — ₩ — ₩ (8,055 ) 2020 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (6,877 ) ₩ (12 ) ₩ — ₩ 12 ₩ (6,877 ) Accumulated impairment losses of right-of-use (1,178 ) — — 1,178 — ₩ (8,055 ) ₩ (12 ) ₩ — ₩ 1,190 ₩ (6,877 ) 14.2 Investment Properties 14.2.1 Details of investment properties as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,537,240 ₩ — ₩ — ₩ 1,537,240 Buildings 1,463,736 (172,988 ) — 1,290,748 ₩ 3,000,976 ₩ (172,988 ) ₩ — ₩ 2,827,988 December 31, 2020 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,568,508 ₩ — ₩ (410 ) ₩ 1,568,098 Buildings 1,092,737 (122,833 ) (4,463 ) 965,441 ₩ 2,661,245 ₩ (122,833 ) ₩ (4,873 ) ₩ 2,533,539 14.2.2 Valuation techniques and inputs that are used to measure the fair value of investment properties as of December 31, 2020, are as follows: December 31, 2020 Fair value Valuation techniques Inputs (In millions of Land and buildings ₩ 92,128 Cost approach method - Price per square meter - Replacement cost 1,141,121 Market comparison method - Price per square meter 1,248,604 Cash flow approach - Prospective rental market growth rate - Period of vacancy - Rental rate - Discount rate and others 230,800 Income approach - Discount rate - Capitalization rate - Vacancy rate Fair value of the investment properties amounts to ₩ 3,032,726 million and ₩ 2,712,653 million as of December 31, 2019 and 2020, respectively. The investment properties were measured by qualified independent appraisers with experience in valuing similar properties in the same area. In addition, per fair value hierarchy in Note 6.1.2, fair value hierarchy of all investment properties has been classified as Level 3. Rental income from the above investment properties for the years ended December 31, 2019 and 2020, amounts to ₩ 129,944 million and ₩ 157,652 million, respectively. 14.2.3 Changes in investment properties for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition Transfer Disposal Depreciation Others Ending (In millions of Korean won) Land ₩ 972,562 ₩ 580,255 ₩ (3,374 ) ₩ (13,318 ) ₩ — ₩ 1,115 ₩ 1,537,240 Buildings 1,147,249 225,833 (8,861 ) (50,780 ) (36,877 ) 14,184 1,290,748 ₩ 2,119,811 ₩ 806,088 ₩ (12,235 ) ₩ (64,098 ) ₩ (36,877 ) ₩ 15,299 ₩ 2,827,988 2020 Beginning Acquisition Transfer Disposal Depreciation Business combination Others Ending (In millions of Korean won) Land ₩ 1,537,240 ₩ 34,529 ₩ 61,383 ₩ (167,015 ) ₩ — ₩ 106,944 ₩ (4,983 ) ₩ 1,568,098 Buildings 1,290,748 18,667 37,694 (378,332 ) (38,717 ) 42,169 (6,788 ) 965,441 ₩ 2,827,988 ₩ 53,196 ₩ 99,077 ₩ (545,347 ) ₩ (38,717 ) ₩ 149,113 ₩ (11,771 ) ₩ 2,533,539 |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Intangible Assets Abstract [Abstract] | |
Disclosure Of Intangible Assets Explanatory | 15. Intangible Assets 15.1 Details of intangible assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 346,314 ₩ — ₩ (70,517 ) ₩ (56 ) ₩ 275,741 Other intangible assets 4,420,371 (1,926,647 ) (31,652 ) — 2,462,072 ₩ 4,766,685 ₩ (1,926,647 ) ₩ (102,169 ) ₩ (56 ) ₩ 2,737,813 December 31, 2020 Acquisition Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 887,259 ₩ — ₩ (70,517 ) ₩ (53,160 ) ₩ 763,582 Other intangible assets 4,928,003 (2,304,188 ) (36,264 ) — 2,587,551 ₩ 5,815,262 ₩ (2,304,188 ) ₩ (106,781 ) ₩ (53,160 ) ₩ 3,351,133 15.2 Details of goodwill as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Acquisition Carrying Acquisition Carrying (In millions of Korean won) Housing & Commercial Bank ₩ 65,288 ₩ 65,288 ₩ 65,288 ₩ 65,288 KB Cambodia Bank 1,202 — 1,202 — KB Securities Co., Ltd. 70,265 58,889 70,265 58,889 KB Capital Co., Ltd. 79,609 79,609 79,609 79,609 KB Savings Bank Co., Ltd. 115,343 57,404 115,343 57,404 KB Securities Vietnam Joint Stock Company 13,092 12,987 13,092 12,234 KB Daehan Specialized Bank Plc. 1,515 1,564 1,515 1,470 PRASAC Microfinance Institution Plc. — — 396,942 356,570 PT Sunindo Kookmin Best Finance — — 2,963 2,963 PT Bank Bukopin TBK — — 89,220 80,002 PT. KB Finansia Multi Finance — — 51,820 49,153 ₩ 346,314 ₩ 275,741 ₩ 887,259 ₩ 763,582 * Includes the effect of exchange differences etc. 15.3 Changes in accumulated impairment losses of goodwill for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) 2020 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) 15.4 Details of goodwill allocation to cash-generating units and related information for impairment testing as of December 31, 2020 are as follows: December 31, 2020 Carrying Recoverable amount Discount rate Permanent (In millions of Korean won) Housing & Commercial Bank Retail banking ₩ 49,315 ₩ 1,595,304 17.46 1.00 Corporate banking 15,973 955,540 17.63 1.00 KB Securities Co., Ltd. 58,889 11,340 21.46 1.00 KB Capital Co., Ltd. 79,609 424,933 17.39 1.00 KB Savings Bank Co., Ltd. and Yehansoul Savings Bank Co., Ltd. 57,404 443,778 13.80 1.00 KB Securities Vietnam Joint Stock Company 12,234 10,262 23.61 1.00 KB Daehan Specialized Bank Plc. 1,470 9,299 25.77 1.00 PRASAC Microfinance Institution Plc. 356,570 111,425 24.50 3.00 PT Sunindo Kookmin Best Finance 2,963 1,909 15.47 0.00 PT. KB Finansia Multi Finance 49,153 28,990 16.19 3.00 ₩ 683,580 ₩ 3,592,780 For impairment testing, goodwill is allocated to cash-generating units that are expected to benefit from the synergies of the business combination, and cash-generating units consist of an operating segment or units which are not larger than an operating segment. The Group recognized goodwill amounting to ₩ 65,288 million from the merger of Housing & Commercial Bank, the amounts of ₩ 49,315 million and ₩ 15,973 million were allocated to the retail banking and corporate banking, respectively. And the goodwill of ₩ 356,570 million arising from the acquisition of PRASAC Microfinance Institution Plc. was allocated to microfinance unit. Cash-generating units to which goodwill has been allocated is tested for impairment annually and whenever there is an indication that the unit may be impaired, by comparing the carrying amount of the unit, including the goodwill, with the recoverable amount of the unit. The recoverable amount of a cash-generating unit is measured at the higher of its fair value less costs to sell and its value in use. The fair value less costs to sell is the amount obtainable from the sale in an arm’s length transaction between knowledgeable, willing parties, less the costs of disposal. If it is difficult to measure the amount obtainable from the sale of the cash-generating unit, the Group measures the fair value less costs to sell by reflecting the characteristics of the measured cash-generating unit. If it is not possible to obtain reliable information to measure the fair value less costs to sell, the Group uses the asset’s value in use as its recoverable amount. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit. The projections of the future cash flows are based on the most recent financial budget approved by management and generally cover a period of five years. The future cash flows of retail banking and corporate banking after projection period are estimated on the assumption that the future cash flows will increase by 1.0% per year. The key assumptions used for the estimation of the future cash flows are estimated based on the market size and the Group’s market share. The future cash flows PRASAC Microfinance Institution Plc. after five years are estimated on the assumption that the future cash flows will increase by 3.0% per year. The key assumptions used for the estimation of the future cash flows are the GDP growth rate of Cambodia, the market size and the recent growth rate of PRASAC Microfinance Institution Plc. The discount rate is a pre-tax The Group acquired a 67% stake in PT Bank Bukopin TBK with the acquisition date of September 2, 2020, and the goodwill recognized due to the business combination is ₩ 80,002 million as of December 31, 2020. The Group conducts an impairment test annually and whenever there is an indication of impairment, and no indication of impairment has been observed as of December 31, 2020. 15.5 Details of intangible assets other than goodwill as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 5,802 ₩ (2,930 ) ₩ (19 ) ₩ 2,853 Software 1,428,655 (1,055,136 ) — 373,519 Other intangible assets 555,424 (257,274 ) (31,633 ) 266,517 Value of Business Acquired (VOBA) 2,395,290 (585,805 ) — 1,809,485 Right-of-use 35,200 (25,502 ) — 9,698 ₩ 4,420,371 ₩ (1,926,647 ) ₩ (31,652 ) ₩ 2,462,072 December 31, 2020 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 6,222 ₩ (2,936 ) ₩ (940 ) ₩ 2,346 Software 1,800,686 (1,225,173 ) (2,326 ) 573,187 Other intangible assets 690,665 (285,893 ) (32,998 ) 371,774 Value of Business Acquired (VOBA) 2,395,291 (759,672 ) — 1,635,619 Right-of-use 35,139 (30,514 ) — 4,625 ₩ 4,928,003 ₩ (2,304,188 ) ₩ (36,264 ) ₩ 2,587,551 15.6 Changes in intangible assets other than goodwill for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition & Disposal Amortization 1 Others Ending (In millions of Korean won) Industrial property rights ₩ 4,497 ₩ 174 ₩ (1,160 ) ₩ (658 ) ₩ — ₩ 2,853 Software 204,505 274,583 — (105,228 ) (341 ) 373,519 Other intangible assets 2 248,611 59,776 (13,534 ) (33,590 ) 5,254 266,517 Value of Business Acquired (VOBA) 2,001,945 — — (192,460 ) — 1,809,485 Right-of-use 21,063 1,010 — (9,893 ) (2,482 ) 9,698 ₩ 2,480,621 ₩ 335,543 ₩ (14,694 ) ₩ (341,829 ) ₩ 2,431 ₩ 2,462,072 2020 Beginning Acquisition & Disposal Amortization 1 Business combination Others Ending (In millions of Korean won) Industrial property rights ₩ 2,853 ₩ 116 ₩ (147 ) ₩ (476 ) ₩ — ₩ — ₩ 2,346 Software 373,519 340,045 (4,444 ) (153,876 ) 18,252 (309 ) 573,187 Other intangible assets 2 266,517 63,743 (9,527 ) (47,948 ) 106,445 (7,456 ) 371,774 Value of Business Acquired (VOBA) 1,809,485 — — (173,866 ) — — 1,635,619 Right-of-use 9,698 — — (5,026 ) — (47 ) 4,625 ₩ 2,462,072 ₩ 403,904 ₩ (14,118 ) ₩ (381,192 ) ₩ 124,697 ₩ (7,812 ) ₩ 2,587,551 1 Includes ₩ 193,085 million and ₩ 173,992 million recorded as insurance expenses and other operating expenses for the years ended December 31, 2019 and 2020, respectively. 2 Impairment losses for membership right of other intangible asset with indefinite useful life was recognized when its recoverable amount is lower than its carrying amount, and reversal of impairment losses was recognized when its recoverable amount is higher than its carrying amount. 15.7 Changes in accumulated impairment losses of other intangible assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (45,017 ) ₩ (1,578 ) ₩ 6,859 ₩ 8,084 ₩ (31,652 ) 2020 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (31,652 ) ₩ (9,312 ) ₩ 3,669 ₩ 1,031 ₩ (36,264 ) |
Lease
Lease | 12 Months Ended |
Dec. 31, 2020 | |
Presentation of leases for lessee [Abstract] | |
Disclosure Of Leases Explanatory | 16. Lease 16.1 The Group as a Lessee 16.1.1 Amounts recognized in the consolidated statements of financial position related to lease as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Right-of-use Real estate ₩ 518,795 ₩ 537,392 Vehicles 13,542 16,218 Others 18,543 17,101 550,880 570,711 Right-of-use 9,698 4,626 ₩ 560,578 ₩ 575,337 Lease liabilities* ₩ 544,439 ₩ 559,113 * Included in property and equipment, intangible assets and other liabilities. 16.1.2 Amounts recognized in the consolidated statements of comprehensive income related to lease for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Korean won) Depreciation and amortization of right-of-use Real estate ₩ 251,465 ₩ 246,058 Vehicles 19,594 15,286 Others 10,345 11,342 Intangible assets 9,893 5,026 ₩ 291,297 ₩ 277,712 Interest expenses on the lease liabilities ₩ 12,720 ₩ 13,492 Expense relating to short-term lease 2,209 6,169 Expense relating to leases of low-value 5,416 7,130 Expense relating to variable lease payments not included in lease liabilities (included in administrative expenses) 15 438 Total cash outflow for lease for the years ended December 31, 2019 and 2020 was ₩ 228,312 million and ₩ 245,151 million, respectively. 16.2 The Group as a Lessor 16.2.1 The Group as a finance lessor 16.2.1.1 Total lease investment and the present value of minimum lease payments as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Total lease investment Present value Total lease investment Present (In millions of Korean won) Up to 1 year ₩ 654,104 ₩ 367,937 ₩ 579,968 ₩ 354,588 1-5 1,085,208 569,939 958,125 551,777 Over 5 years 773 748 — — ₩ 1,740,085 ₩ 938,624 ₩ 1,538,093 ₩ 906,365 16.2.1.2 Unearned interest income on finance lease as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Total lease investment ₩ 1,740,085 ₩ 1,538,093 Net lease investment Present value of minimum lease payments 938,624 906,365 Present value of non-guaranteed 639,075 496,969 1,577,699 1,403,334 Unearned interest income ₩ 162,386 ₩ 134,759 16.2.2 The Group as an operating lessor Future minimum lease receipts arising from the non-cancellable December 31, 2019 December 31, 2020 (In millions of Korean won) Minimum lease receipts Up to 1 year ₩ 577,490 ₩ 792,935 1-5 1,432,354 1,727,498 Over 5 years 682,165 84,733 ₩ 2,692,009 ₩ 2,605,166 16.3 The Group as an operating lessee for the year ended December 31, 2018 The lease payment reflected in profit or loss for the year ended December 31, 2018, is as follows: 2018 (In millions Minimum lease payment ₩ 221,305 Sublease payment (1,804 ) Total ₩ 219,501 |
Deferred Income Tax Assets and
Deferred Income Tax Assets and Liabilities | 12 Months Ended |
Dec. 31, 2020 | |
Net Deferred Tax Assets And Liabilities Abstract [Abstract] | |
Disclosure Of Deferred Taxes Explanatory | 17. Deferred Income Tax Assets and Liabilities 17.1 Details of deferred income tax assets and liabilities as of December 31, 2019 and 2020, are as follows: December 31, 2019 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 115,500 ₩ — ₩ 115,500 Allowances for credit losses 451 (3,266 ) (2,815 ) Impairment losses of property and equipment 4,396 (1,952 ) 2,444 Share-based payments 18,002 — 18,002 Provisions for acceptances and guarantees 20,959 — 20,959 Gains or losses on valuation of derivatives 51,160 (158,604 ) (107,444 ) Present value discount 8,244 (4,201 ) 4,043 Gains or losses on fair value hedge 12,123 — 12,123 Accrued interest — (110,359 ) (110,359 ) Deferred loan origination fees and costs 531 (199,000 ) (198,469 ) Advanced depreciation provision — (1,703 ) (1,703 ) Gains or losses on revaluation 549 (329,331 ) (328,782 ) Investments in subsidiaries and others 35,306 (105,470 ) (70,164 ) Gains or losses on valuation of security investment 39,949 (265,934 ) (225,985 ) Defined benefit liabilities 557,423 — 557,423 Accrued expenses 249,999 — 249,999 Retirement insurance expense — (489,602 ) (489,602 ) Adjustments to the prepaid contributions — (22,897 ) (22,897 ) Derivative-linked securities 131,259 (34,635 ) 96,624 Others 469,540 (762,633 ) (293,093 ) 1,715,391 (2,489,587 ) (774,196 ) Offsetting of deferred income tax assets and liabilities (1,711,794 ) 1,711,794 — ₩ 3,597 ₩ (777,793 ) ₩ (774,196 ) December 31, 2020 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 149,259 ₩ — ₩ 149,259 Allowances for credit losses 26,496 (3,356 ) 23,140 Impairment losses of property and equipment 3,992 (1,889 ) 2,103 Share-based payments 17,718 — 17,718 Provisions for acceptances and guarantees 17,046 — 17,046 Gains or losses on valuation of derivatives 20,645 (223,482 ) (202,837 ) Present value discount 17,058 (3,041 ) 14,017 Gains or losses on fair value hedge 21,060 — 21,060 Accrued interest — (125,835 ) (125,835 ) Deferred loan origination fees and costs 7,224 (226,821 ) (219,597 ) Advanced depreciation provision — (1,703 ) (1,703 ) Gains or losses on revaluation 338 (319,698 ) (319,360 ) Investments in subsidiaries and others 38,164 (111,589 ) (73,425 ) Gains or losses on valuation of security investment 73,857 (1,232,689 ) (1,158,832 ) Defined benefit liabilities 606,146 — 606,146 Accrued expenses 334,900 — 334,900 Retirement insurance expense — (541,317 ) (541,317 ) Adjustments to the prepaid contributions — (28,261 ) (28,261 ) Derivative-linked securities 78,202 (30,881 ) 47,321 Others* 1,081,691 (740,462 ) 341,229 2,493,796 (3,591,024 ) (1,097,228 ) Offsetting of deferred income tax assets and liabilities (2,428,738 ) 2,428,738 — ₩ 65,058 ₩ (1,162,286 ) ₩ (1,097,228 ) * Includes PPA amount from acquisition of Prudential Life Insurance Company of Korea Ltd. and KB Insurance Co., Ltd., and others. 17.2 Unrecognized Deferred Income Tax Assets 17.2.1 No deferred income tax assets have been recognized for the deductible temporary difference of ₩ 242,875 million associated with investments in subsidiaries and associates as of December 31, 2020, because it is not probable that the temporary differences will be reversed in the foreseeable future. 17.2.2 No deferred income tax assets have been recognized for deductible temporary differences of ₩ 75,831 million associated with others, as of December 31, 2020, due to the uncertainty that these will be realized in the future. 17.3 Unrecognized Deferred Income Tax Liabilities 17.3.1 No deferred income tax liabilities have been recognized for the taxable temporary difference of ₩ 260,739 million associated with investment in subsidiaries and associates as of December 31, 2020, due to the following reasons: • The Group is able to control the timing of the reversal of the temporary difference. • It is probable that the temporary difference will not be reversed in the foreseeable future. 17.3.2 No deferred income tax liabilities have been recognized as of December 31, 2020, for the taxable temporary difference of ₩ 65,288 million arising from the initial recognition of goodwill from the merger of Housing and Commercial Bank in 2001. 17.4 Changes in cumulative temporary differences for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Gains or losses on fair value hedge ₩ — ₩ — ₩ 44,085 ₩ 44,085 Other provisions 411,903 411,747 424,227 424,383 Allowances for credit losses 12,481 16,160 5,697 2,018 Impairment losses on property and equipment 21,927 21,402 15,460 15,985 Deferred loan origination fees and costs 1,841 1,841 1,930 1,930 Share-based payments 60,071 52,475 55,496 63,092 Provisions for acceptance and guarantees 73,809 73,809 76,214 76,214 Gains or losses on valuation of derivatives 503,277 503,277 186,035 186,035 Present value discount 24,593 24,347 29,732 29,978 Investments in subsidiaries and others 184,870 47,217 47,727 185,380 Gains or losses on valuation of security investment 269,731 264,318 130,823 136,236 Defined benefit liabilities 1,977,430 200,827 384,616 2,161,219 Accrued expenses 993,906 994,326 912,019 911,599 Derivative-linked securities 13,679 13,679 477,307 477,307 Others 1,290,065 600,750 979,710 1,669,025 5,839,583 3,226,175 3,771,078 6,384,486 Unrecognized deferred income tax assets: Other provisions 3,416 4,788 Investments in subsidiaries and others 73,764 67,645 Others 120,704 125,158 5,641,699 6,186,895 Tax rate (%) 27.5 27.5 Total deferred income tax assets ₩ 1,562,537 ₩ 1,715,391 Taxable temporary differences Gains or losses on fair value hedge ₩ (94,085 ) ₩ (94,085 ) ₩ — ₩ — Accrued interest (411,487 ) (362,627 ) (352,477 ) (401,337 ) Allowances for credit losses (238 ) (238 ) (11,877 ) (11,877 ) Impairment losses on property and equipment (4,457 ) (212 ) 82 (4,163 ) Deferred loan origination fees and costs (727,528 ) (727,528 ) (752,178 ) (752,178 ) Advanced depreciation provision (6,192 ) — — (6,192 ) Gains or losses on valuation of derivatives (49,036 ) (49,036 ) (576,743 ) (576,743 ) Present value discount (8,656 ) (8,656 ) (15,278 ) (15,278 ) Goodwill from merger (65,288 ) — — (65,288 ) Gains or losses on revaluation (1,201,992 ) (52,470 ) (48,044 ) (1,197,566 ) Investments in subsidiaries and others (316,346 ) (19,421 ) (122,130 ) (419,055 ) Gains or losses on valuation of security investment (601,496 ) (594,206 ) (899,500 ) (906,790 ) Retirement insurance expense (1,611,475 ) (153,528 ) (317,793 ) (1,775,740 ) Adjustments to the prepaid contributions (69,212 ) (69,212 ) (83,262 ) (83,262 ) Derivative-linked securities (271,873 ) (271,873 ) (125,947 ) (125,947 ) Others (2,098,159 ) (2,917,318 ) (3,613,007 ) (2,793,848 ) (7,537,520 ) (5,320,410 ) (6,918,154 ) (9,135,264 ) Unrecognized deferred income tax liabilities: — Goodwill from merger (65,288 ) (65,288 ) Investments in subsidiaries and others (62,367 ) (68,836 ) Others (588 ) (1,247 ) (7,409,277 ) (8,999,893 ) Tax rate (%) 27.5 27.5 Total deferred income tax liabilities ₩ (2,050,913 ) ₩ (2,489,587 ) 2020 Beginning Business combination Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Gains or losses on fair value hedge ₩ 44,085 ₩ — ₩ 44,085 ₩ 76,583 ₩ 76,583 Other provisions 424,383 6,383 426,457 540,396 544,705 Allowances for credit losses 2,018 105,505 96,885 83,111 93,749 Impairment losses of property and equipment 15,985 — 9,658 8,189 14,516 Deferred loan origination fees and costs 1,930 35,863 15,098 3,574 26,269 Share-based payments 63,092 5 55,601 54,589 62,085 Provisions for acceptance and guarantees 76,214 — 76,214 61,984 61,984 Gains or losses on valuation of derivatives 186,035 5,201 191,236 76,238 76,238 Present value discount 29,978 — 29,732 61,783 62,029 Investments in subsidiaries and others 185,380 — 47,034 232,655 371,001 Gains or losses on valuation of security investment 136,236 — 136,070 251,524 251,690 Defined benefit liabilities 2,161,219 94,105 227,010 327,255 2,355,569 Accrued expenses 911,599 75,498 911,599 1,144,785 1,220,283 Derivative-linked securities 477,307 — 477,307 284,370 284,370 Others* 1,669,025 2,068,207 1,170,462 1,081,994 3,648,764 6,384,486 2,390,767 3,914,448 4,289,030 9,149,835 Unrecognized deferred income tax assets: Other provisions 4,788 3,054 Investments in subsidiaries and others 67,645 242,875 Others 125,158 75,831 6,186,895 8,828,075 Tax rate (%) 27.5 27.5 Total deferred income tax assets ₩ 1,715,391 ₩ 2,493,796 Taxable temporary differences Accrued interest ₩ (401,337 ) ₩ (168,859 ) ₩ (394,255 ) ₩ (281,685 ) ₩ (457,626 ) Allowances for credit losses (11,877 ) — (11,877 ) (12,203 ) (12,203 ) Impairment losses of property and equipment (4,163 ) — (111 ) 117 (3,935 ) Deferred loan origination fees and costs (752,178 ) — (752,178 ) (820,223 ) (820,223 ) Advanced depreciation provision (6,192 ) — — — (6,192 ) Gains or losses on valuation of derivatives (576,743 ) — (576,743 ) (812,662 ) (812,662 ) Present value discount (15,278 ) — (15,278 ) (10,916 ) (10,916 ) Goodwill from merger (65,288 ) — — — (65,288 ) Gains or losses on revaluation (1,197,566 ) — (80,036 ) (45,008 ) (1,162,538 ) Investments in subsidiaries and others (419,055 ) — (70,188 ) (297,809 ) (646,676 ) Gains or losses on valuation of security investment (906,790 ) (3,060,750 ) (899,660 ) (1,358,042 ) (4,425,922 ) Retirement insurance expense (1,775,740 ) (61,789 ) (162,764 ) (288,296 ) (1,963,061 ) Adjustments to the prepaid contributions (83,262 ) — (83,262 ) (102,768 ) (102,768 ) Derivative-linked securities (125,947 ) — (125,947 ) (112,293 ) (112,293 ) Others* (2,793,848 ) (1,613 ) (1,644,815 ) (1,555,740 ) (2,706,386 ) (9,135,264 ) (3,293,011 ) (4,817,114 ) (5,697,528 ) (13,308,689 ) Unrecognized deferred income tax liabilities: — Goodwill from merger (65,288 ) (65,288 ) Investments in subsidiaries and others (68,836 ) (260,739 ) Others (1,247 ) (1,042 ) (8,999,893 ) (12,981,620 ) Tax rate (%) 27.5 27.5 Total deferred income tax liabilities ₩ (2,489,587 ) ₩ (3,591,024 ) * Includes PPA amount from acquisition of Prudential Life Insurance Company of Korea Ltd. and KB Insurance Co., Ltd., and others. |
Assets Held for Sale
Assets Held for Sale | 12 Months Ended |
Dec. 31, 2020 | |
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners Abstract [Abstract] | |
Disclosure Of Noncurrent Assets Or Disposal Groups Classified As Held For Sale Explanatory | 18. Assets Held for Sale 18.1 Details of assets held for sale as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 14,542 ₩ (1,530 ) ₩ 13,012 ₩ 14,374 Buildings held for sale 11,391 (1,252 ) 10,139 12,396 ₩ 25,933 ₩ (2,782 ) ₩ 23,151 ₩ 26,770 December 31, 2020 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 80,740 ₩ (16,169 ) ₩ 64,571 ₩ 68,321 Buildings held for sale 152,426 (24,887 ) 127,539 134,247 Other assets held for sale 10,676 (5,059 ) 5,617 5,801 ₩ 243,842 ₩ (46,115 ) ₩ 197,727 ₩ 208,369 * Acquisition cost of buildings held for sale is net of accumulated depreciation before classified as assets held for sale. 18.2 Valuation techniques and inputs that are used to measure the fair value of assets held for sale as of December 31, 2020 are as follows: December 31, 2020 Fair value Valuation 1 Unobservable 2 Estimated range of Effect of (In millions of Korean won) Land and buildings ₩ 208,369 Market comparison Adjustment index 0.68 ~ 1.95 Fair value increases 1 The appraisal value is adjusted by the adjustment ratio in the event the public sale is unsuccessful. 2 Adjustment index is calculated using the time factor correction or local factors or individual factors. Among assets held for sale, real estate was measured by independent appraisers with recent experience in evaluating similar properties in the area of the property to be assessed with professional qualifications. All of assets held for sale are classified as level 3 in accordance with fair value hierarchy in Note 6.1.2. 18.3 Changes in accumulated impairment losses of assets held for sale for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Provision Reversal Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (8,150 ) ₩ (333 ) ₩ — ₩ 5,701 ₩ (2,782 ) 2020 Beginning Provision Reversal Business Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (2,782 ) ₩ (11,593 ) ₩ — ₩ (45,433 ) ₩ 13,693 ₩ (46,115 ) 18.4 As of December 31, 2020, assets held for sale consist of 4 real estates of closed offices and 1,087 foreclosure assets on loans of PT Bank Bukopin TBK, which were determined to sell by the management, but not yet sold as of December 31, 2020. Negotiation with buyers is in process for the one closed office and the remaining 1,090 assets are also being actively marketed. |
Other Assets
Other Assets | 12 Months Ended |
Dec. 31, 2020 | |
Miscellaneous Assets Abstract [Abstract] | |
Disclosure Of Other Assets Explanatory | 19. Other Assets 19.1 Details of other assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Other financial assets Other receivables ₩ 5,792,814 ₩ 10,628,272 Accrued income 1,659,182 1,726,651 Guarantee deposits 1,146,000 1,099,618 Domestic exchange settlement debits 531,356 722,616 Others 129,039 117,330 Allowances for credit losses (104,629 ) (119,762 ) Present value discount (6,703 ) (7,036 ) 9,147,059 14,167,689 Other non-financial Other receivables 1,294 1,091 Prepaid expenses 198,893 254,152 Guarantee deposits 4,084 3,906 Insurance assets 1,662,016 2,376,679 Separate account assets 5,052,804 10,210,047 Others 2,173,693 3,158,993 Allowances for credit losses (24,235 ) (17,520 ) 9,068,549 15,987,348 ₩ 18,215,608 ₩ 30,155,037 19.2 Changes in allowances for credit losses of other assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 106,275 ₩ 24,780 ₩ 131,055 Write-offs (5,883 ) (152 ) (6,035 ) Provision (reversal) 9,885 (393 ) 9,492 Others (5,648 ) — (5,648 ) Ending ₩ 104,629 ₩ 24,235 ₩ 128,864 2020 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 104,629 ₩ 24,235 ₩ 128,864 Write-offs (6,517 ) (8,503 ) (15,020 ) Provision 22,153 1,726 23,879 Business combination 7,946 59 8,005 Others (8,449 ) 3 (8,446 ) Ending ₩ 119,762 ₩ 17,520 ₩ 137,282 |
Financial Liabilities at Fair V
Financial Liabilities at Fair Value through Profit or Loss | 12 Months Ended |
Dec. 31, 2020 | |
Financial Liabilities At Fair Value Through Profit Or Loss Abstract [Abstract] | |
Disclosure Of Financial Liabilities At Fair Value Through Profit Or Loss Explanatory | 20. Financial Liabilities at Fair Value through Profit or Loss 20.1 Details of financial liabilities at fair value through profit or loss, and financial liabilities designated at fair value through profit or loss as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Financial liabilities at fair value through profit or loss Borrowed securities sold ₩ 2,583,092 ₩ 1,934,735 Other 80,235 91,216 2,663,327 2,025,951 Financial liabilities designated at fair value through profit or loss Derivative-linked securities 12,704,826 9,784,107 12,704,826 9,784,107 ₩ 15,368,153 ₩ 11,810,058 20.2 Difference between the carrying amount and contractual cash flow amount of financial liabilities designated at fair value through profit or loss as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Contractual cash flow amount ₩ 12,515,734 ₩ 9,583,186 Carrying amount 12,704,826 9,784,107 Difference ₩ (189,092 ) ₩ (200,921 ) |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2020 | |
Deposits From Customers Abstract [Abstract] | |
Disclosure Of Deposits From Customers Explanatory | 21. Deposits Details of deposits as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Demand deposits Demand deposits in Korean won ₩ 127,790,349 ₩ 162,155,728 Demand deposits in foreign currencies 8,550,068 14,473,832 136,340,417 176,629,560 Time deposits Time deposits in Korean won 157,653,603 149,435,968 157,653,603 149,435,968 Time deposits in foreign currencies 7,377,173 10,043,679 Fair value adjustments on fair value hedged time deposits in foreign currencies (18,391 ) 2,089 7,358,782 10,045,768 165,012,385 159,481,736 Certificates of deposits 4,239,969 2,468,924 ₩ 305,592,771 ₩ 338,580,220 |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Detailed Information About Borrowings Abstract [Abstract] | |
Disclosure Of Detailed Information About Borrowings Explanatory | 22. Borrowings 22.1 Details of borrowings as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) General borrowings ₩ 24,370,567 ₩ 32,312,859 Bonds sold under repurchase agreements and others 13,015,506 16,334,365 Call money 432,787 1,179,932 ₩ 37,818,860 ₩ 49,827,156 22.2 Details of general borrowings as of December 31, 2019 and 2020, are as follows: Lenders Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Borrowings in Korean won Borrowings from the Bank of Korea The Bank of Korea 0.25 ₩ 2,649,851 ₩ 6,463,267 Borrowings from the government SEMAS and others 0.00 ~ 2.70 1,658,810 2,675,568 Borrowings from banks Shinhan Bank and others 1.55 ~ 3.01 116,160 137,952 Borrowings from non-banking Korea Securities Finance Corporation and others 0.20 ~ 4.74 1,982,242 2,203,702 Other borrowings The Korea Development Bank and others 0.00 ~ 5.20 8,022,921 9,717,382 14,429,984 21,197,871 Borrowings in foreign currencies Due to banks Commonwealth Bank of Australia and others — 4,682 292 Borrowings from banks Central Bank of Uzbekistan and others 0.00 ~ 8.84 8,089,368 9,839,110 Borrowings from other financial institutions The Export-Import Bank of Korea and others 0.70 ~ 1.47 7,081 23,827 Other borrowings Bank of New York Mellon and others 0.00 ~ 2.80 1,839,452 1,251,759 9,940,583 11,114,988 ₩ 24,370,567 ₩ 32,312,859 22.3 Details of bonds sold under repurchase agreements and others as of December 31, 2019 and 2020, are as follows: Lenders Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Bonds sold under repurchase agreements Individuals, groups and corporations 0.25~3.00 ₩ 13,011,121 ₩ 16,329,799 Bills sold Counter sale 0.10~0.35 4,385 4,566 ₩ 13,015,506 ₩ 16,334,365 22.4 Details of call money as of December 31, 2019 and 2020, are as follows: Lenders Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Call money in Korean won The Export-Import Bank of Korea and others 0.48~0.85 ₩ 165,000 ₩ 510,000 Call money in foreign currencies Central Bank of Uzbekistan and others 0.00~0.34 267,787 669,932 ₩ 432,787 ₩ 1,179,932 |
Debentures
Debentures | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Detailed Information About Debentures Abstract [Abstract] | |
Disclosure Of Detailed Information About Debentures Explanatory | 23. Debentures 23.1 Details of debentures as of December 31, 2019 and 2020, are as follows: Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Debentures in Korean won Structured debentures 5.65 ~ 5.86 ₩ 33,310 ₩ 1,960 Exchangeable bonds* 0.00 — 240,000 Subordinated fixed rate debentures 2.02 ~ 4.35 3,386,590 4,834,407 Fixed rate debentures 0.00 ~ 3.50 40,596,755 47,229,619 Floating rate debentures 0.58 ~ 1.55 1,580,000 3,190,000 45,596,655 55,495,986 Fair value adjustments of fair value hedged debentures in Korean won 21,070 (6,839 ) Less: Discount on debentures in Korean won (30,029 ) (32,028 ) Less: Adjustment for exchangeable rights in Korean won — (14,957 ) 45,587,696 55,442,162 Debentures in foreign currencies Floating rate debentures 0.58 ~ 1.51 2,227,607 2,232,938 Fixed rate debentures 0.05 ~ 13.50 3,094,196 5,030,580 5,321,803 7,263,518 Fair value adjustments of fair value hedged debentures in foreign currencies 41,406 81,333 Less: Discount on debentures in foreign currencies (15,322 ) (26,326 ) 5,347,887 7,318,525 ₩ 50,935,583 ₩ 62,760,687 * Fair value of the liability component of exchangeable bonds is calculated by using market interest rates of bonds under the same conditions without the exchangeable rights. The residual amount after deducting the liability component from the issuance amount, represents the value of the exchangeable rights and is recorded in equity. Shares to be exchanged are 5 million treasury shares of KB Financial Group Inc. with the exchange price of ₩ 48,000. Exercise period for exchangeable rights is from the 60th day from the issuance date to 10 days before the maturity date. 23.2 Changes in debentures based on face value for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Issue Repayment Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 34,320 ₩ — ₩ (1,010 ) ₩ — ₩ 33,310 Subordinated fixed rate debentures 3,437,729 — (51,139 ) — 3,386,590 Fixed rate debentures 43,466,085 91,960,041 (94,829,371 ) — 40,596,755 Floating rate debentures 1,650,000 570,000 (640,000 ) — 1,580,000 48,588,134 92,530,041 (95,521,520 ) — 45,596,655 Debentures in foreign currencies Floating rate debentures 1,791,868 532,380 (33,199 ) (63,442 ) 2,227,607 Fixed rate debentures 2,951,251 595,490 (590,950 ) 138,405 3,094,196 4,743,119 1,127,870 (624,149 ) 74,963 5,321,803 ₩ 53,331,253 ₩ 93,657,911 ₩ (96,145,669 ) ₩ 74,963 ₩ 50,918,458 2020 Beginning Issue Repayment Business Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 33,310 ₩ — ₩ (1,350 ) ₩ — ₩ (30,000 ) ₩ 1,960 Exchangeable bonds — 240,000 — — — 240,000 Subordinated fixed rate debentures 3,386,590 2,150,000 (702,183 ) — — 4,834,407 Fixed rate debentures 40,596,755 111,677,084 (105,044,220 ) — — 47,229,619 Floating rate debentures 1,580,000 2,010,000 (400,000 ) — — 3,190,000 45,596,655 116,077,084 (106,147,753 ) — (30,000 ) 55,495,986 Debentures in foreign currencies Floating rate debentures 2,227,607 823,478 (675,075 ) — (143,072 ) 2,232,938 Fixed rate debentures 3,094,196 2,909,967 (937,972 ) 277,087 (312,698 ) 5,030,580 5,321,803 3,733,445 (1,613,047 ) 277,087 (455,770 ) 7,263,518 ₩ 50,918,458 ₩ 119,810,529 ₩ (107,760,800 ) ₩ 277,087 ₩ (485,770 ) ₩ 62,759,504 |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2020 | |
Additional Provisions Other Provisions Abstract [Abstract] | |
Disclosure Of Provisions Explanatory | 24. Provisions 24.1 Details of provisions as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Provisions for credit losses of unused loan commitments ₩ 208,148 ₩ 298,753 Provisions for credit losses of acceptances and guarantees 77,759 62,254 Provisions for credit losses of financial guarantee contracts 6,063 6,348 Provisions for restoration costs 120,340 151,696 Others 115,619 195,852 ₩ 527,929 ₩ 714,903 24.2 Changes in provisions for credit losses of unused loan commitments, acceptances and guarantees for the years ended December 31, 2019 and 2020, are as follows: 2019 Provisions for credit losses of unused Provisions for credit losses of 12-month Lifetime expected 12-month Lifetime expected Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 132,876 ₩ 68,920 ₩ 8,881 ₩ 27,084 ₩ 30,109 ₩ 17,982 Transfer between stages Transfer to 12-month 32,622 (31,408 ) (1,214 ) 365 (365 ) — Transfer to lifetime expected credit losses (16,932 ) 17,195 (263 ) (975 ) 1,705 (729 ) Impairment (422 ) (1,516 ) 1,938 (24 ) (280 ) 304 Provision (reversal) for credit losses (21,171 ) 18,036 45 (1,763 ) 4,584 (893 ) Others (exchange differences, etc.) 324 237 — 274 259 122 Ending ₩ 127,297 ₩ 71,464 ₩ 9,387 ₩ 24,961 ₩ 36,012 ₩ 16,786 24.2 Changes in provisions for credit losses of unused loan commitments, acceptances and guarantees for the years ended December 31, 2019 and 2020, are as follows: (cont’d) 2020 Provisions for credit losses of unused Provisions for credit losses of 12-month Lifetime expected credit losses 12-month Lifetime expected credit losses Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 127,297 ₩ 71,464 ₩ 9,387 ₩ 24,961 ₩ 36,012 ₩ 16,786 Transfer between stages Transfer to 12-month 23,318 (21,694 ) (1,624 ) 194 (191 ) (3 ) Transfer to lifetime expected credit losses (13,431 ) 15,991 (2,560 ) (486 ) 486 — Impairment (304 ) (3,474 ) 3,778 (5 ) (461 ) 466 Provision (reversal) for credit losses* 24,583 65,449 (412 ) 9,482 (20,389 ) (2,734 ) Business combination 19,426 — — — — — Others (exchange differences, etc.) (18,168 ) (273 ) — (1,058 ) (619 ) (187 ) Ending ₩ 162,721 ₩ 127,463 ₩ 8,569 ₩ 33,088 ₩ 14,838 ₩ 14,328 * Includes additional provision of ₩ 14,974 million for industries and borrowers which are highly affected by COVID-19, (non-impaired) 24.3 Changes in provisions for credit losses of financial guarantee contracts for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Beginning ₩ 4,275 ₩ 6,063 Provision 1,865 280 Others (77 ) 5 Ending ₩ 6,063 ₩ 6,348 24.4 Changes in provisions for restoration costs for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Korean won) Beginning ₩ 108,000 ₩ 120,340 Provision 7,037 14,192 Reversal (7,178 ) (2,010 ) Used (5,211 ) (9,469 ) Unwinding of discount 2,237 2,372 Effect of changes in discount rate 15,455 23,886 Business combination — 2,385 Ending ₩ 120,340 ₩ 151,696 Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate were used to estimate the present value of estimated costs. 24.5 Changes in other provisions for the years ended December 31, 2019 and 2020, are as follows: 2019 Membership Dormant Litigations Others* Total (In millions of Korean won) Beginning ₩ 12,654 ₩ 4,377 ₩ 21,190 ₩ 89,511 ₩ 127,732 Increase 56,758 2,378 23,863 38,025 121,024 Decrease (54,743 ) (3,176 ) (16,363 ) (58,855 ) (133,137 ) Ending ₩ 14,669 ₩ 3,579 ₩ 28,690 ₩ 68,681 ₩ 115,619 2020 Membership Dormant Litigations Others* Total (In millions of Korean won) Beginning ₩ 14,669 ₩ 3,579 ₩ 28,690 ₩ 68,681 ₩ 115,619 Increase 76,138 2,607 19,186 89,361 187,292 Decrease (71,306 ) (3,179 ) (9,725 ) (28,173 ) (112,383 ) Business combination — — 2,366 2,958 5,324 Ending ₩ 19,501 ₩ 3,007 ₩ 40,517 ₩ 132,827 ₩ 195,852 * Provisions for incomplete sales of cardssurance are ₩ 2,532 million and ₩ 1,319 million, as of December 31, 2019 and 2020, respectively. |
Net Defined Benefit Liabilities
Net Defined Benefit Liabilities | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Defined Benefit Plans Abstract [Abstract] | |
Disclosure Of Defined Benefit Plans Explanatory | 25. Net Defined Benefit Liabilities 25.1 Defined Benefit Plan The Group operates defined benefit plans which have the following characteristics: • The Group has the obligation to pay the agreed benefits to all its current and former employees. • The Group assumes actuarial risk (that benefits will cost more than expected) and investment risk. The net defined benefit liability recognized in the consolidated statement of financial position is calculated by independent actuaries in accordance with actuarial valuation methods. The net defined benefit obligation is calculated using the Projected Unit Credit method (the ‘PUC’). Data used in the PUC such as interest rates, future salary increase rate, mortality rate and consumer price index are based on observable market data and historical data which are updated annually. Actuarial assumptions may differ from actual results, due to changes in the market, economic trends and mortality trends which may impact defined benefit liabilities and future payments. Actuarial gains and losses arising from changes in actuarial assumptions are recognized in the period incurred through other comprehensive income. 25.2 Changes in net defined benefit liabilities for the years ended December 31, 2019 and 2020, are as follows: 2019 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,172,260 ₩ (1,910,047 ) ₩ 262,213 Current service cost 226,788 — 226,788 Past service cost 2,276 — 2,276 Interest expense (income) 48,795 (43,250 ) 5,545 Remeasurements: Actuarial gains or losses by changes in demographic assumptions (3,122 ) — (3,122 ) Actuarial gains or losses by changes in financial assumptions 61,547 — 61,547 Actuarial gains or losses by experience adjustments 7,458 — 7,458 Return on plan assets (excluding amounts included in interest income) — 11,116 11,116 Contributions by the Group — (288,420 ) (288,420 ) Payments from plans (benefit payments) (141,820 ) 141,798 (22 ) Payments from the Group (32,556 ) — (32,556 ) Transfer in 7,775 (7,425 ) 350 Transfer out (7,517 ) 7,517 — Effect of exchange differences (2 ) — (2 ) Others (129 ) 1 (128 ) Ending* ₩ 2,341,753 ₩ (2,088,710 ) ₩ 253,043 2020 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,341,753 ₩ (2,088,710 ) ₩ 253,043 Current service cost 232,147 — 232,147 Past service cost 3,269 — 3,269 Gains on settlement (1,912 ) — (1,912 ) Interest expense (income) 46,178 (41,435 ) 4,743 Remeasurements: Actuarial gains and losses by changes in demographic assumptions (9,611 ) — (9,611 ) Actuarial gains and losses by changes in financial assumptions 789 — 789 Actuarial gains and losses by experience adjustments 16,292 — 16,292 Return on plan assets (excluding amounts included in interest income) — 6,308 6,308 Contributions by the Group — (268,918 ) (268,918 ) Contributions by the employees — (248 ) (248 ) Payments from plans (settlement) (8,162 ) 8,162 — Payments from plans (benefit payments) (148,468 ) 144,546 (3,922 ) Payments from the Group (34,361 ) — (34,361 ) Transfer in 9,673 (9,027 ) 646 Transfer out (8,635 ) 8,635 — Effect of exchange differences (724 ) 5 (719 ) Effect of business acquisition and disposal 110,080 (62,271 ) 47,809 Others 26 — 26 Ending* ₩ 2,548,334 ₩ (2,302,953 ) ₩ 245,381 * The net defined benefit liabilities of ₩ 253,043 million is calculated by subtracting ₩ 946 million net defined benefit assets from ₩ 253,989 million net defined benefit liabilities as of December 31, 2019. The net defined benefit liabilities of ₩ 245,381 million is calculated by subtracting ₩ 2,845 million net defined benefit assets from ₩ 248,226 million net defined benefit liabilities as of December 31, 2020. 25.3 Details of net defined benefit liabilities as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Present value of defined benefit obligation ₩ 2,341,753 ₩ 2,548,334 Fair value of plan assets (2,088,710 ) (2,302,953 ) Net defined benefit liabilities ₩ 253,043 ₩ 245,381 25.4 Details of post-employment benefits recognized in profit or loss as employee compensation and benefits for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Current service cost ₩ 208,470 ₩ 226,788 ₩ 232,147 Past service cost 7,912 2,276 3,269 Net interest expenses on net defined benefit liabilities 3,833 5,545 4,743 Gains on settlement (1,000 ) — (1,912 ) Post-employment benefits * ₩ 219,215 ₩ 234,609 ₩ 238,247 * Includes post-employment benefits amounting to ₩ 2,575 million recognized as other operating expense and ₩ 121 million recognized as prepayment for the year ended December 31, 2019 and post-employment benefits amounting to ₩ 2,840 million recognized as other operating expense and ₩ 176 million recognized as prepayment for the year ended December 31, 2020. 25.5 Details of remeasurements of net defined benefit liabilities recognized as other comprehensive income (loss) for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Remeasurements: Return on plan assets (excluding amounts included in interest income) ₩ (22,420 ) ₩ (11,116 ) ₩ (6,308 ) Actuarial gains or losses (167,973 ) (65,883 ) (7,470 ) Income tax effects 52,377 21,172 3,792 Effect of exchange difference — — (399 ) Remeasurements after income tax ₩ (138,016 ) ₩ (55,827 ) ₩ (10,385 ) 25.6 Details of fair value of plan assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,087,861 ₩ 2,087,861 Investment fund — 849 849 ₩ — ₩ 2,088,710 ₩ 2,088,710 December 31, 2020 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,299,500 ₩ 2,299,500 Derivative instruments — 1,930 1,930 Investment fund — 1,523 1,523 ₩ — ₩ 2,302,953 ₩ 2,302,953 25.7 Details of key actuarial assumptions used as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Discount rate (%) 1.60~2.00 0.90~2.00 Salary increase rate (%) 0.00~7.50 0.00~7.50 Turnover (%) 0.00~50.00 0.00~50.00 Mortality assumptions are based on the experience-based mortality table issued by Korea Insurance Development Institute in 2019. 25.8 Sensitivity analysis results of significant actuarial assumptions as of December 31, 2020, are as follows: Changes in principal Effect on net defined benefit obligation Increase in principal Decrease in principal Discount rate 0.5 %p 4.34% decrease 4.12% increase Salary increase rate 0.5 %p 1.41% increase 6.41% decrease Turnover 0.5 %p 0.94% decrease 0.39% increase The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. The sensitivity of the defined benefit obligation to changes in principal actuarial assumptions is calculated using the same projected unit credit method used in calculating the defined benefit obligations recognized in the consolidated statement of financial position. 25.9 Expected maturity analysis of undiscounted pension benefits (including expected future benefit) as of December 31, 2020 are as follows: Up to 1 year 1~2 years 2~5 years 5~10 years Over 10 years Total (In millions of Korean won) Pension benefits* ₩ 98,050 ₩ 182,432 ₩ 706,187 ₩ 1,415,615 ₩ 3,829,749 ₩ 6,232,033 * Amount determined under the promotion compensation type defined contribution plan is excluded. The weighted average duration of the defined benefit obligation is 1.0 ~ 11.5 years . 25.10 Expected contribution to plan assets for the next annual reporting period after December 31, 2020 is estimated to be ₩ 221,271 million. |
Other Liabilities
Other Liabilities | 12 Months Ended |
Dec. 31, 2020 | |
Miscellaneous Liabilities Abstract [Abstract] | |
Disclosure Of Other Liabilities Explanatory | 26. Other Liabilities Details of other liabilities as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Other financial liabilities Other payables ₩ 9,485,597 ₩ 14,247,067 Prepaid card and debit card payables 27,555 31,184 Accrued expenses 3,066,445 2,787,360 Financial guarantee liabilities 46,428 49,286 Deposits for letter of guarantees and others 862,968 1,103,876 Domestic exchange settlement credits 2,079,636 938,039 Foreign exchanges settlement credits 114,316 134,678 Borrowings from other business accounts 256 — Due to trust accounts 5,216,460 7,542,955 Liabilities incurred from agency relationships 771,609 765,844 Account for agency businesses 407,475 400,507 Dividend payables 473 478 Lease liabilities 544,439 559,113 Others 5,930 51,901 22,629,587 28,612,288 Other non-financial Other payables 283,771 386,094 Unearned revenue 465,501 669,908 Accrued expenses 716,180 815,941 Deferred revenue on credit card points 206,188 211,815 Withholding taxes 158,992 180,092 Separate account liabilities 5,047,080 10,701,404 Others 229,960 226,481 7,107,672 13,191,735 ₩ 29,737,259 ₩ 41,804,023 |
Equity
Equity | 12 Months Ended |
Dec. 31, 2020 | |
Equity Abstract [Abstract] | |
Disclosure Of Share Capital Reserves And Other Equity Interest Explanatory | 27. Equity 27.1 Share Capital Details of share capital as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Type of share Ordinary share Ordinary share (In millions of Korean won and in number of shares) Number of authorized shares 1,000,000,000 1,000,000,000 Par value per share (In Korean won) ₩ 5,000 ₩ 5,000 Number of issued shares 415,807,920 415,807,920 Share capital ₩ 2,090,558 ₩ 2,090,558 Changes in outstanding shares for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In number of shares) Beginning 395,551,297 389,634,335 Increase — — Decrease (5,916,962 ) — Ending 389,634,335 389,634,335 27.2 Hybrid Securities Details of hybrid securities classified as equity as of December 31, 2019 and 2020, are as follows: Issuance date Maturity Interest rate December 31, 2019 December 31, 2020 (In millions of Korean won) The 1-1st May 2, 2019 Perpetual bond 3.23 ₩349,309 ₩349,309 The 1-2nd May 2, 2019 Perpetual bond 3.44 49,896 49,896 The 2-1st Hybrid securities May 8, 2020 Perpetual bond 3.30 — 324,099 The 2-2nd May 8, 2020 Perpetual bond 3.43 — 74,812 The 3-1st July 14, 2020 Perpetual bond 3.17 — 369,099 The 3-2nd July 14, 2020 Perpetual bond 3.38 — 29,922 The 4-1st Oct 20, 2020 Perpetual bond 3.00 — 433,996 The 4-2nd Oct 20, 2020 Perpetual bond 3.28 — 64,855 ₩399,205 ₩1,695,988 The above hybrid securities are early redeemable by the Group after 5 or 10 years from the issuance date. On the other hand, hybrid securities of ₩ 574,580 million issued by Kookmin Bank are recognized as non-controlling 27.3 Capital Surplus Details of capital surplus as of December 31, 2019 and 2020, are as follows December 31, 2019 December 31, 2020 (In millions of Korean won) Paid-in ₩ 13,190,274 ₩ 13,190,274 Loss on sales of treasury shares (481,332 ) (481,332 ) Other capital surplus 4,413,835 4,002,714 Consideration for exchangeable rights — 11,933 ₩ 17,122,777 ₩ 16,723,589 27.4 Accumulated Other Comprehensive Income Details of accumulated other comprehensive income as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (290,228 ) ₩ (300,324 ) Exchange differences on translating foreign operations 31,793 (131,113 ) Net gains on financial instruments at fair value through other comprehensive income 487,331 717,230 Share of other comprehensive income (loss) of associates and joint ventures 3,318 (3,529 ) Losses on cash flow hedging instruments (27,333 ) (28,597 ) Gains (losses) on hedging instruments of net investments in foreign operations (41,992 ) 22,277 Other comprehensive income arising from separate account 18,381 8,698 Fair value changes on financial liabilities designated at fair value due to own credit risk (20,326 ) (11,507 ) Net gains on overlay approach adjustment 187,077 339,202 ₩ 348,021 ₩ 612,337 27.5 Retained Earnings Details of retained earnings as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 2 (In millions of Korean won) Legal reserves 1 ₩ 482,807 ₩ 557,405 Voluntary reserves 982,000 982,000 Unappropriated retained earnings 18,244,738 20,977,987 ₩ 19,709,545 ₩ 22,517,392 1 With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches at least the aggregate amount of its paid-in 2 Retained earnings restricted for dividend at subsidiaries level pursuant to law and regulations amounts to ₩ 3,587,439 million as of December 31, 2020. 27.6 Treasury Shares Changes in treasury shares for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares 22,560,240 5,916,962 (2,303,617 ) 26,173,585 Carrying amount ₩ 968,549 ₩ 267,639 ₩ (100,000 ) ₩ 1,136,188 2020 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares* 26,173,585 — — 26,173,585 Carrying amount ₩ 1,136,188 ₩ — ₩ — ₩ 1,136,188 * 5,000,000 treasury shares are deposited at the Korea Securities Depository for issuing exchangeable bonds. |
Net Interest Income
Net Interest Income | 12 Months Ended |
Dec. 31, 2020 | |
Interest Revenue Or Expense Net Abstract [Abstract] | |
Disclosure Of Interest Income Expense Explanatory | 28. Net Interest Income Details of interest income, expense and net interest income for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Interest income Due from financial institutions measured at fair value through profit or loss ₩ 9,236 ₩ 2,685 ₩ 649 Securities measured at fair value through profit or loss 713,058 668,377 647,840 Loans measured at fair value through profit or loss 26,066 33,001 10,876 Securities measured at fair value through other comprehensive income 718,327 774,864 719,434 Loans measured at fair value through other comprehensive income 2,373 14,708 7,899 Due from financial institutions measured at amortized cost 109,155 150,635 92,155 Securities measured at amortized cost 604,709 599,519 627,201 Loans measured at amortized cost 11,431,359 12,247,493 12,177,822 Others 120,286 147,905 201,871 13,734,569 14,639,187 14,485,747 Interest expenses Deposits 3,041,739 3,481,121 2,916,794 Borrowings 544,562 596,425 572,946 Debentures 1,148,729 1,240,566 1,186,310 Others 94,611 124,288 87,423 4,829,641 5,442,400 4,763,473 Net interest income ₩ 8,904,928 ₩ 9,196,787 ₩ 9,722,274 Interest income recognized on impaired loans is ₩48,974 million, ₩ 54,033 million and ₩ 56,606 million for the years ended December 31, 2018, 2019 and 2020, respectively. |
Net Fee and Commission Income
Net Fee and Commission Income | 12 Months Ended |
Dec. 31, 2020 | |
Fee And Commission Income Expense Abstract [Abstract] | |
Disclosure Of Fee And Commission Income Expense Explanatory | 29. Net Fee and Commission Income Details of fee and commission income, expense and net fee and commission income for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Fee and commission income Banking activity fees ₩ 208,443 ₩ 214,512 ₩ 189,100 Lending activity fees 74,340 83,916 91,663 Credit card and debit card related fees 1,360,515 1,316,636 1,378,450 Agent activity fees 149,585 172,211 196,518 Trust and other fiduciary fees 363,767 388,352 331,827 Fund management related fees 132,657 153,798 154,612 Acceptances and guarantees fees 44,104 48,122 54,108 Foreign currency related fees 124,201 134,145 173,313 Securities agency fees 167,071 145,846 172,097 Other business account commission on consignment 36,947 36,813 40,461 Commissions received on securities business 518,309 445,987 793,278 Lease fees 246,537 428,195 636,301 Others 291,244 310,714 315,296 3,717,720 3,879,247 4,527,024 Fee and commission expense Trading activity related fees* 31,889 28,869 38,497 Lending activity fees 25,734 26,040 33,444 Credit card and debit card related fees 907,831 892,391 848,823 Outsourcing related fees 164,594 190,312 216,962 Foreign currency related fees 43,053 42,902 49,435 Others 301,243 343,729 380,924 1,474,344 1,524,243 1,568,085 Net fee and commission income ₩ 2,243,376 ₩ 2,355,004 ₩ 2,958,939 * Fees from financial instruments at fair value through profit or loss. |
Net Gains or Losses on Financia
Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss | 12 Months Ended |
Dec. 31, 2020 | |
Net Gains Or Losses On Financial Assets Liabilities At Fair Value Through Profit Or Loss Abstract [Abstract] | |
Net Gains Or Losses On Financial Assets Liabilities At Fair Value Through Profit Or Loss Explanatory | 30. Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss 30.1 Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss Net gains or losses on financial instruments at fair value through profit or loss include dividend income and gains or losses arising from changes in fair values, sales and redemptions. Details of net gains or losses on financial instruments at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss Debt securities ₩ 1,544,892 ₩ 1,613,946 ₩ 2,061,505 Equity securities 571,404 428,646 725,072 2,116,296 2,042,592 2,786,577 Derivatives held for trading Interest rate 2,328,576 2,685,998 2,632,246 Currency 3,764,985 5,251,597 8,335,594 Stock or stock index 1,383,446 2,612,422 2,808,284 Credit 38,461 41,548 28,434 Commodity 8,285 15,240 18,097 Other 92,947 212,731 231,901 7,616,700 10,819,536 14,054,556 Financial liabilities at fair value through profit or loss 72,410 46,750 28,160 Other financial instruments 22 5,811 689 9,805,428 12,914,689 16,869,982 Losses on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss Debt securities 850,129 752,999 1,040,285 Equity securities 475,968 315,743 444,554 1,326,097 1,068,742 1,484,839 Derivatives held for trading Interest rate 2,610,305 2,758,205 2,687,114 Currency 3,499,356 5,118,095 8,191,456 Stock or stock index 1,626,007 1,585,086 2,558,205 Credit 36,747 42,172 19,213 Commodity 10,456 9,437 21,797 Other 117,741 190,979 253,406 7,900,612 9,703,974 13,731,191 Financial liabilities at fair value through profit or loss 134,287 94,426 153,227 Other financial instruments 60 5,704 116 9,361,056 10,872,846 15,369,373 Net gains on financial instruments at fair value through profit or loss ₩ 444,372 ₩ 2,041,843 ₩ 1,500,609 30.2 Net Gains or Losses on Financial Instruments Designated at Fair Value through Profit or Loss Net gains or losses on financial instruments designated at fair value through profit or loss include dividend income and gains or losses arising from changes in fair values, sales and redemptions. Details of net gains or losses on financial instruments designated at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss ₩ 667,508 ₩ 555,749 ₩ 654,045 667,508 555,749 654,045 Losses on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss 760,577 1,953,720 1,143,288 760,577 1,953,720 1,143,288 Net losses on financial instruments designated at fair value through profit or loss ₩ (93,069 ) ₩ (1,397,971 ) ₩ (489,243 ) |
Net Other Operating Income And
Net Other Operating Income And Expenses | 12 Months Ended |
Dec. 31, 2020 | |
Other Operating Income And Expenses Abstract [Abstract] | |
Disclosure Of Other Operating Income Expense Explanatory | 31. Net Other Operating Income and Expenses Details of other operating income and expenses for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Other operating income Gains related to financial instruments at fair value through other comprehensive income Gains on redemption of financial instruments at fair value through other comprehensive income ₩ 259 ₩ 796 ₩ 351 Gains on disposal of financial instruments at fair value through other comprehensive income 134,875 222,371 304,217 135,134 223,167 304,568 Gains related to financial assets at amortized cost Gains on sale of loans measured at amortized cost 46,877 80,746 180,038 Gains on disposal of securities measured at amortized cost — — 229 46,877 80,746 180,267 Gains on foreign exchange transactions 1,600,161 2,183,703 3,634,987 Dividend income 83,930 54,768 45,125 Others 260,709 321,244 591,798 2,126,811 2,863,628 4,756,745 Other operating expenses Losses related to financial instruments at fair value through other comprehensive income Losses on redemption of financial instruments at fair value through other comprehensive income 17 — 320 Losses on disposal of financial instruments at fair value through other comprehensive income 35,864 16,975 19,159 35,881 16,975 19,479 Losses related to financial assets at amortized cost Losses on sale of loans measured at amortized cost 9,006 19,439 16,061 Losses on disposal of securities measured at amortized cost — — 6,513 9,006 19,439 22,574 Losses on foreign exchanges transactions 1,539,837 1,970,294 3,530,618 Others 1,672,123 1,920,244 2,684,004 3,256,847 3,926,952 6,256,675 Net other operating expenses ₩ (1,130,036 ) ₩ (1,063,324 ) ₩ (1,499,930 ) |
General and Administrative Expe
General and Administrative Expenses | 12 Months Ended |
Dec. 31, 2020 | |
General And Administrative Expense Abstract [Abstract] | |
Disclosure Of General And Administrative Expense Explanatory | 32. General and Administrative Expenses 32.1 Details of general and administrative expenses for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Employee Benefits Salaries and short-term employee benefits—salaries ₩ 2,512,945 ₩ 2,557,821 ₩ 2,789,201 Salaries and short-term employee benefits—others 870,356 848,421 871,014 Post-employment benefits—defined benefit plans 217,085 231,913 235,231 Post-employment benefits—defined contribution plans 21,056 27,924 37,328 Termination benefits 242,010 239,790 361,098 Share-based payments 10,930 49,418 49,364 3,874,382 3,955,287 4,343,236 Depreciation and amortization 408,771 784,431 874,911 Other general and administrative expenses Rental expense 361,344 109,745 116,325 Tax and dues 214,683 238,670 260,071 Communication 46,661 48,749 53,596 Electricity and utilities 28,823 29,161 32,298 Publication 16,018 15,136 13,988 Repairs and maintenance 22,432 23,947 32,448 Vehicle 12,495 11,537 14,314 Travel 19,393 21,452 12,251 Training 30,310 31,451 27,610 Service fees 210,081 227,631 238,787 Electronic data processing expenses 189,007 258,456 280,773 Advertising 217,244 228,826 236,618 Others 266,868 286,538 295,926 1,635,359 1,531,299 1,615,005 ₩ 5,918,512 ₩ 6,271,017 ₩ 6,833,152 32.2 Share-based Payments 32.2.1 Stock grants The Group changed the scheme of share-based payments from stock options to stock grants in November 2007. The stock grants award program is an incentive plan that sets, on grant date, the maximum number of shares that can be awarded. Actual shares to be granted is determined in accordance with achievement of pre-set 32.2.1.1 Details of stock grants linked to long-term performance as of December 31, 2020, are as follows: Grant date Number of granted 1 Vesting conditions 2 (In number of shares) KB Financial Group Inc. Series 21 Jan. 01, 2019 25,172 Services fulfillment, market performance 3 non-market 4 Series 22 Apr. 01, 2019 3,226 Services fulfillment, market performance 3 non-market 4 Series 23 May 27, 2019 1,436 Services fulfillment, market performance 3 non-market 4 Series 24 Jul. 17, 2019 8,195 Services fulfillment, market performance 3 non-market 4 Series 25 Jan. 01, 2020 57,367 Services fulfillment, market performance 3 non-market 4 Series 26 Mar. 18, 2020 430 Services fulfillment, market performance 3 non-market 4 Series 27 Jun. 15, 2020 187 Services fulfillment, market performance 3 non-market 4 Series 28 Nov. 21, 2020 68,135 Services fulfillment, market performance 3 non-market 5 Deferred grant 2015 7,674 Satisfied 2016 8,705 Satisfied 2017 17,983 Satisfied 2018 5,960 Satisfied 2019 24,533 Satisfied 2020 28,134 Satisfied 257,137 Kookmin Bank Series 75 Jan. 01, 2019 154,996 Services fulfillment, market performance 3 non-market 4 Series 76 Apr. 01, 2019 5,380 Services fulfillment, market performance 3 non-market 4 Series 77 May 27, 2019 4,468 Services fulfillment, market performance 3 non-market 4 Series 78 Nov. 21, 2019 36,443 Services fulfillment, market performance 3 non-market 6 Series 79 Jan. 01, 2020 241,609 Services fulfillment, market performance 3 non-market 4 Series 80 Mar. 01, 2020 7,711 Services fulfillment, market performance 3 non-market 4 Deferred grant 2015 2,759 Satisfied 2016 19,109 Satisfied 2017 47,863 Satisfied 2018 65,514 Satisfied 2019 98,194 Satisfied 684,046 Other subsidiaries Stock granted in 2010 — 106 Services fulfillment, market performance 3 non-market 4 Stock granted in 2011 — 146 Stock granted in 2012 — 420 Stock granted in 2013 — 622 Stock granted in 2014 — 1,028 Stock granted in 2015 — 3,323 Stock granted in 2016 — 9,103 Stock granted in 2017 — 36,814 Stock granted in 2018 — 120,266 Stock granted in 2019 — 331,688 Stock granted in 2020 — 268,669 772,185 1,713,368 1 Granted shares represent the total number of shares initially granted to executives and employees who have residual shares as of December 31, 2020 (Deferred grants are residual shares vested as of December 31, 2020). 2 Executives and employees were given the option of deferred payment of the granted shares (after the date of retirement), payment ratio, and payment period. Accordingly, a certain percentage of the granted amount is deferred for up to five years after the date of retirement after the deferred grant has been confirmed. 3 Relative TSR (Total Shareholders Return): [(Fair value at the end of the contract—Fair value at the beginning of the contract) + (Total amount of dividend per share paid during the contract period)] / Fair value at the beginning of the contract 4 Companies’ and individuals’ performance results 5 EPS, Asset Quality, HCROI, Profit from non-banking 6 EPS, Asset Quality 32.2.1.2 Details of stock grants linked to short-term performance as of December 31, 2020, are as follows: Estimated number Vesting conditions (In number of shares) KB Financial Group Inc. Stock granted in 2015 7,524 Satisfied Stock granted in 2016 6,595 Satisfied Stock granted in 2017 7,385 Satisfied Stock granted in 2018 14,292 Satisfied Stock granted in 2019 28,030 Satisfied Stock granted in 2020 37,300 Proportional to service period Kookmin Bank Stock granted in 2015 9,887 Satisfied Stock granted in 2016 19,662 Satisfied Stock granted in 2017 30,003 Satisfied Stock granted in 2018 73,989 Satisfied Stock granted in 2019 125,530 Satisfied Stock granted in 2020 121,676 Proportional to service period Other subsidiaries Stock granted in 2015 12,191 Satisfied Stock granted in 2016 40,970 Satisfied Stock granted in 2017 149,329 Satisfied Stock granted in 2018 345,546 Satisfied Stock granted in 2019 551,667 Satisfied Stock granted in 2020 290,013 Proportional to service period 1,871,589 * Executives and employees were given the option of deferred payment of the granted shares (after the date of retirement), payment ratio, and payment period. Accordingly, a certain percentage of the granted amount is deferred for up to five years after the date of retirement after the deferred grant has been confirmed. 32.2.1.3 Stock grants are measured at fair value using the MonteCarlo Simulation Model and assumptions used in determining the fair value as of December 31, 2020, are as follows: Risk-free Fair value (market Fair value (non-market performance (in Korean won) Linked to long-term performance ( KB Financial Group Inc. Series 21 0.74 38,789~45,096 38,789~45,096 Series 22 0.74 37,324~41,899 37,324~41,899 Series 23 0.74 37,324~41,899 37,324~41,899 Series 24 0.74 38,789~45,096 38,789~45,096 Series 25 0.74 37,324~45,096 37,324~45,096 Series 26 0.74 38,789~45,096 38,789~45,096 Series 27 0.74 38,789~45,096 38,789~45,096 Series 28 0.74 30,871~34,675 34,694~38,969 Deferred grant in 2015 0.74 — 35,895~45,096 Deferred grant in 2016 0.74 — 38,789~45,096 Deferred grant in 2017 0.74 — 40,299~45,096 Deferred grant in 2018 0.74 — 38,789~45,096 Deferred grant in 2019 0.74 — 40,299~47,631 Deferred grant in 2020 0.74 — 38,969~42,065 ( Kookmin Bank Series 75 0.74 38,789~45,096 38,789~45,096 Series 76 0.74 37,324~41,899 37,324~41,899 Series 77 0.74 37,324~41,899 37,324~41,899 Series 78 0.74 36,370~40,828 37,324~41,899 Series 79 0.74 37,324~45,096 37,324~45,096 Series 80 0.74 35,895~40,299 35,895~40,299 Grant deferred in 2015 0.74 — 41,899~45,096 Grant deferred in 2016 0.74 — 38,789~45,096 Grant deferred in 2017 0.74 — 38,789~45,096 Grant deferred in 2018 0.74 — 38,789~45,096 Grant deferred in 2019 0.74 — 40,299~45,096 ( Other subsidiaries Stock granted in 2010 0.74 — 40,299~40,299 Stock granted in 2011 0.74 — 40,299~40,299 Stock granted in 2012 0.74 — 40,299~41,899 Stock granted in 2013 0.74 — 35,692~41,899 Stock granted in 2014 0.74 — 41,899~41,899 Stock granted in 2015 0.74 — 34,581~47,631 Stock granted in 2016 0.74 — 37,324~56,293 Stock granted in 2017 0.74 — 34,581~61,294 Stock granted in 2018 0.74 33,612~44,072 35,895~47,631 Stock granted in 2019 0.74 37,324~45,096 34,581~47,631 Stock granted in 2020 0.74 35,780~45,096 35,895~45,096 Risk-free Fair value (Market Fair value (Non-market performance (in Korean won) Linked to short-term performance ( KB Financial Group Inc. Stock granted in 2015 0.74 — 35,895~45,096 Stock granted in 2016 0.74 — 34,581~45,096 Stock granted in 2017 0.74 — 38,789~45,096 Stock granted in 2018 0.74 — 38,789~47,631 Stock granted in 2019 0.74 — 40,299~45,096 Stock granted in 2020 0.74 — 38,789~42,065 (Kookmin Bank) Stock granted in 2015 0.74 — 38,789~47,153 Stock granted in 2016 0.74 — 37,324~61,294 Stock granted in 2017 0.74 — 38,789~47,631 Stock granted in 2018 0.74 — 38,789~47,631 Stock granted in 2019 0.74 — 40,299~45,096 Stock granted in 2020 0.74 — 38,789~41,899 (Other subsidiaries) Stock granted in 2015 0.74 — 34,581~45,096 Stock granted in 2016 0.74 — 34,581~47,631 Stock granted in 2017 0.74 — 34,581~47,631 Stock granted in 2018 0.74 — 34,581~47,631 Stock granted in 2019 0.74 — 34,581~45,096 Stock granted in 2020 0.74 — 35,895~43,147 The Group used the volatility of the stock price over the previous year as the expected volatility, and used the arithmetic mean of the dividend rate of one year before, two years before, and three years before the base year as the dividend rate, and used one-year 32.2.1.4 The accrued expenses for share-based payments related to stocks grants as of December 31, 2019 and 2020, are ₩ 124,853 million and ₩ 135,327 million, respectively, and compensation costs from stock grants amounting to ₩ 49,418 million and ₩ 48,712 million were recognized for the years ended December 31, 2019 and 2020, respectively. 32.2.2 Mileage stock 32.2.2.1 Details of mileage stock as of December 31, 2020, are as follows: Grant date Number of Expected exercise 2 Remaining (In number of shares) Stock granted in 2018 Jan. 10, 2018 19,197 0.00~0.02 13,522 Feb. 12, 2018 9 0.00~0.12 3 Apr. 02, 2018 115 0.00~0.25 82 Apr. 30, 2018 86 0.00~0.33 49 May 08, 2018 170 0.00~0.35 140 Jun. 01, 2018 140 0.00~0.41 106 Jul. 02, 2018 180 0.00~0.50 123 Aug. 07, 2018 194 0.00~0.60 149 Aug. 09, 2018 47 0.00~0.60 31 Aug. 14, 2018 30 0.00~0.62 26 Aug. 16, 2018 130 0.00~0.62 93 Sep. 07, 2018 106 0.00~0.68 77 Oct. 04, 2018 129 0.00~0.76 78 Nov. 01, 2018 258 0.00~0.83 200 Nov. 06, 2018 236 0.00~0.85 168 Dec. 03, 2018 132 0.00~0.92 127 Dec. 04, 2018 21 0.00~0.92 21 Dec. 07, 2018 91 0.00~0.93 78 Dec. 12, 2018 64 0.00~0.95 32 Dec. 18, 2018 271 0.00~0.96 237 Dec. 19, 2018 42 0.00~0.96 34 Dec. 31, 2018 127 0.00~1.00 106 Stock granted in 2019 Jan. 11, 2019 26,580 0.00~1.03 21,231 Feb. 01, 2019 12 0.00~1.08 8 Apr. 01, 2019 167 0.00~1.25 96 Apr. 18, 2019 105 0.00~1.29 81 Apr. 22, 2019 33 0.00~1.30 33 Jul. 01, 2019 109 0.00~1.50 87 Aug. 29, 2019 39 0.00~1.66 39 Sep. 02, 2019 50 0.00~1.67 50 Nov. 01, 2019 119 0.00~1.83 95 Nov. 08, 2019 14 0.00~1.85 14 Dec. 05, 2019 56 0.00~1.93 54 Dec. 06, 2019 84 0.00~1.93 84 Dec. 31, 2019 87 0.00~2.00 87 Stock granted in 2020 Jan. 18, 2020 28,645 0.00~2.05 27,672 May 12, 2020 46 0.00~2.36 46 Jun. 30, 2020 206 0.00~2.50 206 Aug. 26, 2020 40 0.00~2.65 40 Oct. 29, 2020 160 0.00~2.83 160 Nov. 6, 2020 45 0.00~2.85 45 Nov. 30, 2020 35 0.00~2.92 35 Dec. 2, 2020 57 0.00~2.92 57 Dec. 4, 2020 154 0.00~2.93 154 Dec. 30, 2020 88 0.00~3.00 88 78,706 65,944 1 Mileage stock is exercisable for two years after one year from the grant date. When the mileage stock is exercised, the closing price of prior month is applied. However, in case of transfer or retirement during the vesting period, mileage stock is exercisable at the closing price of the last month prior to transfer or retirement. 2 The shares are assessed based on the stock price as of December 31, 2020. These shares are vested immediately at grant date. 32.2.2.2 The accrued expenses for share-based payments related to mileage stock as of December 31, 2019 and 2020, are ₩ 2,705 million and ₩ 2,862 million, respectively. The compensation costs amounting to ₩ 1,334 million and ₩ 1,086 million were recognized as expenses for the years ended December 31, 2019 and 2020, respectively. 32.2.3 Long-term share-based payments The Group calculates the short-term performance bonus of directors of Prudential Life Insurance Company of Korea Ltd. based on the results of the current performance evaluation and will defer the bonus for three years and pay it in cash reflecting the stock price of KB Financial Group at that time. 32.2.3.1 Details of long-term share-based payments as of December 31, 2020, are as follows: Grant date Vested shares Expected exercise period (years) Vesting condition Granted in 2020 2020 16,800 3.00 Services fulfillment 32.2.3.2 long-term share-based payments are measured at fair value using the MonteCarlo Simulation Model and assumptions used in determining the fair value as of December 31, 2020, are as follows: Risk-free rate (%) Fair value (Market performance condition) Fair value (Non-market (in Korean won) Granted in 2020 0.741 — 38,789 The Group used the volatility of the stock price over the previous year as the expected volatility, and used the arithmetic mean of the dividend rate of one year before, two years before, and three years before the base year as the dividend rate, and used one-year 32.2.3.3 The accrued expenses for long-term share-based payments as of December 31, 2020 are ₩ 652 million. The compensation costs amounting to ₩ 652 million were recognized as expenses for the year ended December 31, 2020. |
Non-operating Income And Expens
Non-operating Income And Expenses | 12 Months Ended |
Dec. 31, 2020 | |
Non Operating Income And Expenses [Abstract] | |
Other Nonoperating Income And Expense Text Block | 33. Non-Operating Details of non-operating 2018 2019 2020 (In millions of Korean won) Non-operating Gains on disposal of property and equipment ₩ 34,238 ₩ 35,747 ₩ 111,132 Rental income 55,321 85,720 113,075 Gain on a bargain purchase — — 145,067 Gain on sales of disposal group held for sale 118,716 2,731 — Others 37,122 84,793 96,931 245,397 208,991 466,205 Non-operating Losses on disposal of property and equipment 6,131 8,587 11,945 Donation 130,249 102,711 113,083 Restoration costs 4,386 2,902 5,043 Management cost for written-off 3,338 3,382 3,018 Others 91,502 64,523 143,726 235,606 182,105 276,815 Net non-operating ₩ 9,791 ₩ 26,886 ₩ 189,390 |
Income Tax Expense
Income Tax Expense | 12 Months Ended |
Dec. 31, 2020 | |
Major Components Of Tax Expense Income Abstract [Abstract] | |
Disclosure Of Income Tax Explanatory | 34. Income Tax Expense 34.1 Details of income tax expense for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Tax payable Current tax expense ₩ 1,096,600 ₩ 1,043,047 ₩ 1,099,171 Adjustments of tax of prior years recognized in current tax 22,925 (51,130 ) (13,434 ) 1,119,525 991,917 1,085,737 Changes in deferred income tax assets (liabilities)* 114,345 285,820 323,032 Income tax recognized directly in equity and others Remeasurements of net defined benefit liabilities 52,377 21,172 3,792 Exchange differences on translating foreign operations (13,087 ) (5,714 ) 14,988 Net gains or losses on financial instruments at fair value through other comprehensive income (33,329 ) (13,168 ) (88,907 ) Shares of other comprehensive income or loss of associates and joint ventures 1,374 (3,147 ) 2,976 Gains or losses on cash flow hedging instruments 400 10,537 7,580 Gains or losses on hedging instruments of net investments in foreign operations 10,292 3,194 (24,500 ) Other comprehensive income or loss arising from separate account (10,864 ) (1,301 ) 3,671 Fair value changes on financial liabilities designated at fair value due to own credit risk (563 ) 4,294 (3,350 ) Net gains or losses on overlay approach adjustment (884 ) (72,817 ) (61,637 ) Consideration for exchangeable rights — — (4,526 ) 5,716 (56,950 ) (149,913 ) Others — — 495 Income tax expense ₩ 1,239,586 ₩ 1,220,787 ₩ 1,259,351 * Effect of business combination is excluded. 34.2 Analysis of the net profit before income tax and income tax expense for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 Tax rate Amount Tax rate Amount Tax rate Amount (In millions of Korean won) Profit before tax ₩ 4,301,532 ₩ 4,533,986 ₩ 4,761,632 Tax at the applicable tax rate* 27.26 1,172,559 27.27 1,236,484 27.28 1,299,087 Non-taxable (0.28 ) (11,888 ) (0.52 ) (23,601 ) (1.55 ) (73,855 ) Non-deductible 0.64 27,551 0.42 19,086 0.35 16,541 Tax credit and tax exemption (0.01 ) (637 ) (0.01 ) (627 ) (0.08 ) (4,016 ) Temporary difference for which no deferred tax is recognized 0.29 12,260 (0.11 ) (4,860 ) 0.47 22,189 Changes in recognition and measurement of deferred tax (0.06 ) (2,692 ) — (100 ) 0.24 11,616 Income tax refund for tax of prior years (0.19 ) (8,135 ) (0.20 ) (9,105 ) (0.46 ) (22,139 ) Income tax expense of overseas branch 0.09 3,882 0.11 5,004 0.23 10,739 Effects from change in tax rate (0.03 ) (1,470 ) — — — — Others 1.12 48,156 (0.03 ) (1,494 ) (0.02 ) (811 ) Average effective tax rate and tax expense 28.82 ₩ 1,239,586 26.93 ₩ 1,220,787 26.45 ₩ 1,259,351 * Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2018, 2019 and 2020. |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2020 | |
Dividends Abstract [Abstract] | |
Disclosure Of Dividends Explanatory | 35. Dividends The dividends paid to the shareholders of the Parent Company in 2019 and 2020 were ₩ 759,736 million (₩ 1,920 per share) and ₩ 861,092 million (₩ 2,210 per share), respectively. The dividend to the shareholders for the year ended December 31, 2020, amounting to ₩ 689,653 million (₩ 1,770 per share) is to be proposed at the annual general meeting on March 26, 2021. The Group’s consolidated financial statements as of December 31, 2020, do not reflect this dividend payable. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Analysis Of Other Comprehensive Income By Item Abstract [Abstract] | |
Disclosure Of Analysis Of Other Comprehensive Income By Item Explanatory | 36. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Changes except for Reclassification Transfer Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (234,401 ) ₩ (76,999 ) ₩ — ₩ — ₩ 21,172 ₩ (290,228 ) Exchange differences on translating foreign operations (5,784 ) 37,938 5,353 — (5,714 ) 31,793 Net gains on financial instruments at fair value through other comprehensive income 450,694 106,984 (82,662 ) 25,483 (13,168 ) 487,331 Share of other comprehensive income (loss) of associates and joint ventures (4,377 ) 10,842 — — (3,147 ) 3,318 Gains (losses) on cash flow hedging instruments 5,849 (65,323 ) 21,604 — 10,537 (27,333 ) Losses on hedging instruments of net investments in foreign operations (33,092 ) (13,410 ) 1,316 — 3,194 (41,992 ) Other comprehensive income arising from separate account 15,017 21,029 (16,364 ) — (1,301 ) 18,381 Fair value changes on financial liabilities designated at fair value due to own credit risk (8,954 ) (15,666 ) — — 4,294 (20,326 ) Net gains (losses) on overlay approach adjustment (7,146 ) 269,643 (2,603 ) — (72,817 ) 187,077 ₩ 177,806 ₩ 275,038 ₩ (73,356 ) ₩ 25,483 ₩ (56,950 ) ₩ 348,021 2020 Beginning Changes except for Reclassification Transfer to Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (290,228 ) ₩ (13,888 ) ₩ — ₩ — ₩ 3,792 ₩ (300,324 ) Exchange differences on translating foreign operations 31,793 (177,894 ) — — 14,988 (131,113 ) Net gains on financial instruments at fair value through other comprehensive income 487,331 757,236 (112,020 ) (326,410 ) (88,907 ) 717,230 Share of other comprehensive income (loss) of associates and joint ventures 3,318 (3,923 ) (5,900 ) — 2,976 (3,529 ) Losses on cash flow hedging instruments (27,333 ) (48,034 ) 39,190 — 7,580 (28,597 ) Gains (losses) on hedging instruments of net investments in foreign operations (41,992 ) 88,769 — — (24,500 ) 22,277 Other comprehensive income arising from separate account 18,381 2,834 (16,188 ) — 3,671 8,698 Fair value changes on financial liabilities designated at fair value due to own credit risk (20,326 ) 12,169 — — (3,350 ) (11,507 ) Net gains on overlay approach adjustment 187,077 248,688 (34,926 ) — (61,637 ) 339,202 ₩ 348,021 ₩ 865,957 ₩ (129,844 ) ₩ (326,410 ) ₩ (145,387 ) ₩ 612,337 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Share Abstract [Abstract] | |
Disclosure Of Earnings Per Share Explanatory | 37. Earnings per Share 37.1 Basic Earnings per Share Basic earnings per share is calculated by dividing profit attributable to shareholders of the Parent Company by the weighted average number of ordinary shares outstanding. 37.1.1 Weighted average number of ordinary shares outstanding Details of weighted average number of ordinary shares outstanding for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (in number of shares) Number of Shares Accumulated Number of Shares Accumulated Number of shares Accumulated Number of issued ordinary shares 418,111,537 152,610,711,005 415,807,920 152,564,638,665 415,807,920 152,185,698,720 Number of treasury shares (22,560,240 ) (7,888,226,378 ) (26,173,585 ) (9,801,574,522 ) (26,173,585 ) (9,579,532,110 ) Average number of ordinary shares outstanding 395,551,297 144,722,484,627 389,634,335 142,763,064,143 389,634,335 142,606,166,610 Number of days 365 365 366 Weighted average number of ordinary shares outstanding 396,499,958 391,131,683 389,634,335 37.1.2 Basic earnings per share Details of basic earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In Korean won and in number of shares) Profit attributable to shareholders of the Parent Company ₩ 3,061,191,387,929 ₩ 3,311,827,412,557 ₩ 3,455,151,501,224 Deduction: Dividends on hybrid securities — 6,512,500,000 22,859,500,000 Profit attributable to the ordinary equity holders of the Parent Company (A) 3,061,191,387,929 3,305,314,912,557 3,432,292,001,224 Weighted average number of ordinary shares outstanding (B) 396,499,958 391,131,683 389,634,335 Basic earnings per share (A/B) ₩ 7,721 ₩ 8,451 ₩ 8,809 37.2 Diluted Earnings per Share Diluted earnings per share is calculated through increasing the weighted average number of ordinary shares outstanding by the weighted average number of additional ordinary shares that would have been outstanding assuming the conversion of all dilutive potential ordinary shares. The Group has categories of dilutive potential ordinary shares such as stock grants and ordinary share exchange rights of exchangeable bonds. A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. In addition, exchangeable bonds issued for the year ended December 31, 2020, were included in potential ordinary shares from the exercisable date of the exchange right, and interest expenses after tax for the period were added to profit for diluted earnings per share. 37.2.1 Adjusted profit for diluted earnings per share Adjusted profit for diluted earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In Korean won) Profit attributable to shareholders of the Parent Company ₩ 3,061,191,387,929 ₩ 3,311,827,412,557 ₩ 3,455,151,501,224 Deduction: Dividends on hybrid securities — 6,512,500,000 22,859,500,000 Profit attributable to ordinary equity holders of the Parent Company 3,061,191,387,929 3,305,314,912,557 3,432,292,001,224 Adjustments: Interest expense on exchangeable bonds — — 798,012,332 Adjusted profit for diluted earnings per share ₩ 3,061,191,387,929 ₩ 3,305,314,912,557 ₩ 3,433,090,013,556 37.2.2 Weighted average number of ordinary shares outstanding for diluted earnings per share Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In number of shares) Weighted average number of ordinary shares outstanding 396,499,958 391,131,683 389,634,335 Adjustment: Stock grants 2,307,630 2,890,513 3,416,737 Exchangeable bonds — — 1,707,650 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 398,807,588 394,022,196 394,758,722 37.2.3 Diluted earnings per share Details of diluted earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In Korean won and in number of shares) Adjusted profit for diluted earnings per share ₩ 3,061,191,387,929 ₩ 3,305,314,912,557 ₩ 3,433,090,013,556 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 398,807,588 394,022,196 394,758,722 Diluted earnings per share ₩ 7,676 ₩ 8,389 ₩ 8,697 |
Insurance Contracts
Insurance Contracts | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Types Of Insurance Contracts Abstract [Abstract] | |
Disclosure Of Insurance Contracts Explanatory | 38. Insurance Contracts 38.1 Insurance Assets 38.1.1 Details of deferred acquisition costs included in other assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Non-life ₩ 786,626 ₩ 965,683 Life insurance 134,739 205,289 ₩ 921,365 ₩ 1,170,972 38.1.2 Changes in deferred acquisition costs included in other assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 547,831 ₩ 815,712 ₩ (576,917 ) ₩ 786,626 Life insurance 119,293 117,808 (102,362 ) 134,739 ₩ 667,124 ₩ 933,520 ₩ (679,279 ) ₩ 921,365 2020 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 786,626 ₩ 872,811 ₩ (693,754 ) ₩ 965,683 Life insurance 134,739 144,429 (73,879 ) 205,289 ₩ 921,365 ₩ 1,017,240 ₩ (767,633 ) ₩ 1,170,972 38.1.3 Details of reinsurance assets included in other assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Non-life Reserve for outstanding claims General insurance ₩ 361,065 ₩ 732,579 Automobile insurance 16,555 14,916 Long-term insurance 130,758 156,234 Unearned premium reserve General insurance 208,820 285,634 Automobile insurance 19,952 10,870 737,150 1,200,233 Life insurance Reserve for outstanding claims 1,639 2,081 Unearned premium reserve 408 951 2,047 3,032 Others Reserve for outstanding claims 2,563 2,427 Unearned premium reserve 844 895 3,407 3,322 Total reinsurance assets 742,604 1,206,587 Allowances for impairment 1,953 879 Total reinsurance assets, net ₩ 740,651 ₩ 1,205,708 38.1.4 Changes in reinsurance assets included in other assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Net increase Ending (In millions of Korean won) Non-life Reserve for outstanding claims General insurance ₩ 360,997 ₩ 68 ₩ 361,065 Automobile insurance 18,057 (1,502 ) 16,555 Long-term insurance 109,751 21,007 130,758 Unearned premium reserve General insurance 171,240 37,580 208,820 Automobile insurance 30,864 (10,912 ) 19,952 690,909 46,241 737,150 Life insurance Reserve for outstanding claims 1,912 (273 ) 1,639 Unearned premium reserve 448 (40 ) 408 2,360 (313 ) 2,047 Others Reserve for outstanding claims 3,417 (854 ) 2,563 Unearned premium reserve 983 (139 ) 844 4,400 (993 ) 3,407 Total reinsurance assets 697,669 44,935 742,604 Allowance for impairment 1,916 37 1,953 Total reinsurance assets, net ₩ 695,753 ₩ 44,898 ₩ 740,651 2020 Beginning Net increase Business combination Ending (In millions of Korean won) Non-life Reserve for outstanding claims General insurance ₩ 361,065 ₩ 371,514 ₩ — ₩ 732,579 Automobile insurance 16,555 (1,639 ) — 14,916 Long-term insurance 130,758 25,476 — 156,234 Unearned premium reserve General insurance 208,820 76,814 — 285,634 Automobile insurance 19,952 (9,082 ) — 10,870 737,150 463,083 — 1,200,233 Life insurance Reserve for outstanding claims 1,639 (564 ) 1,006 2,081 Unearned premium reserve 408 (27 ) 570 951 2,047 (591 ) 1,576 3,032 Others Reserve for outstanding claims 2,563 (136 ) — 2,427 Unearned premium reserve 844 51 — 895 3,407 (85 ) — 3,322 Total reinsurance assets 742,604 462,407 1,576 1,206,587 Allowances for impairment 1,953 (1,074 ) — 879 Total reinsurance assets, net ₩ 740,651 ₩ 463,481 ₩ 1,576 ₩ 1,205,708 38.2 Insurance Liabilities 38.2.1 Details of insurance liabilities by insurance types as of December 31, 2019 and 2020, are as follows: December 31, 2019 Non-life insurance Life insurance Others Total (In millions of Korean won) Premium reserve ₩ 23,799,607 ₩ 6,991,247 ₩ — ₩ 30,790,854 Reserve for outstanding claims 2,297,256 101,690 2,563 2,401,509 Unearned premium reserve 1,522,827 4,603 845 1,528,275 Reserve for dividend to policyholders 117,094 29,745 — 146,839 Reserve for distribution of earnings to policyholders 46,901 4,202 — 51,103 Reserve for loss compensation on participating insurance 20,090 5,784 — 25,874 Guarantee reserve — 22,229 — 22,229 ₩ 27,803,775 ₩ 7,159,500 ₩ 3,408 ₩ 34,966,683 December 31, 2020 Non-life insurance Life insurance Others Total (In millions of Korean won) Premium reserve* ₩ 24,990,530 ₩ 23,264,955 ₩ — ₩ 48,255,485 Reserve for outstanding claims 2,885,006 252,883 2,426 3,140,315 Unearned premium reserve 1,859,367 9,450 896 1,869,713 Reserve for dividend to policyholders 129,660 41,024 — 170,684 Reserve for distribution of earnings to policyholders 51,292 5,009 — 56,301 Reserve for loss compensation on participating insurance 20,090 6,818 — 26,908 Guarantee reserve — 895,890 — 895,890 ₩ 29,935,945 ₩ 24,476,029 ₩ 3,322 ₩ 54,415,296 * Negative VOBA amounting to ₩ 2,698,010 million is included. 38.2.2 Changes in insurance liabilities for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Net increase 1 Ending (In millions of Korean won) Non-life General insurance ₩ 1,054,823 ₩ 10,090 ₩ 1,064,913 Automobile insurance 1,492,294 131,552 1,623,846 Long-term insurance 23,386,279 1,619,799 25,006,078 Long-term investment contract 110,256 (1,318 ) 108,938 Life insurance Pure endowment insurance 5,233,491 2,637 5,236,128 Death insurance 500,571 142,392 642,963 Endowment insurance 1,621,460 (350,605 ) 1,270,855 Group insurance 735 (211 ) 524 Others 2 8,640 391 9,031 Others 4,400 (993 ) 3,407 ₩ 33,412,949 ₩ 1,553,734 ₩ 34,966,683 2020 Beginning Net increase 1 Business combination Ending (In millions of Korean won) Non-life insurance General insurance ₩ 1,064,913 ₩ 503,828 ₩ — ₩ 1,568,741 Automobile insurance 1,623,846 274,026 — 1,897,872 Long-term insurance 25,006,078 1,356,401 — 26,362,479 Long-term investment contract 108,938 (2,085 ) — 106,853 Life insurance Pure endowment insurance 5,236,128 318,109 2,016,112 7,570,349 Death insurance 642,963 404,456 14,658,632 15,706,051 Endowment insurance 1,270,855 (156,688 ) 74,132 1,188,299 Group insurance 524 (1,021 ) — (497 ) Others 2 9,031 (1,217 ) 4,013 11,827 Others 3,407 (85 ) — 3,322 ₩ 34,966,683 ₩ 2,695,724 ₩ 16,752,889 ₩ 54,415,296 1 Includes exchange differences effect and decrease in liabilities related to investment contract. 2 Includes reserve for distribution of earnings to policyholders and Reserve for loss compensation on participating insurance. 38.3 Liability Adequacy Test According to the revision of the Regulations on Supervision of Insurance Business, the criteria for the insurance liability adequacy test were changed, and the Group accounted for the change as a change in accounting policy because it provided reliable and more relevant information about current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been restated. 38.3.1 KB Insurance Co., Ltd. Assumptions and basis for the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2019 and 2020, are as follows: Assumptions (%) Calculation basis December 31, December 31, 2020 Long-term insurance Discount rate 1.53~8.34 0.83~15.42 Calculated by applying interest rate scenario which is risk-free rate scenario adjusted by liquidity premium. This is presented by the Financial Supervisory Service Expense ratio 6.60 6.46 Calculated using future expense plan based on the most recent one-year Lapse ratio 1.51~34.13 1.48~35.44 Calculated based on the recent five-year experience statistics Risk ratio 13.1~1,037.3 11.9~1,055.2 Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics General insurance Expense ratio 11.38 10.74 Ratio of maintenance costs incurred to earned premiums by the types of contracts for the most recent one year Claim survey cost ratio 4.54 4.70 Ratio of claim survey cost to insurance claim payments by the type of contracts for the most recent three years Loss ratio 64.95 70.74 Ratio of final loss incurred to earned premiums by the type of contracts for the most recent five years Automobile insurance Expense ratio 9.94 9.00 Ratio of maintenance costs incurred to earned premiums by the types of collaterals for the most recent one year Claim survey cost ratio 8.84 8.40 Ratio of claim survey cost to insurance claim payments by the type of collaterals for the most recent three years Loss ratio 78.44 78.20 Ratio of final loss incurred to earned premiums by the type of collaterals for the most recent five years Results of the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2019 and 2020, are as follows: December 31, 2019 Recognized liabilities* Estimated adequate Shortfall (surplus) (In millions of Korean won) General insurance ₩ 365,234 ₩ 296,801 ₩ (68,433 ) Automobile insurance 1,123,450 1,071,076 (52,374 ) Long-term insurance 19,775,907 10,685,319 (9,090,588 ) ₩ 21,264,591 ₩ 12,053,196 ₩ (9,211,395 ) December 31, 2020 Recognized liabilities* Estimated adequate Shortfall (surplus) (In millions of Korean won) General insurance ₩ 461,227 ₩ 384,780 ₩ (76,447 ) Automobile insurance 1,363,104 1,279,587 (83,517 ) Long-term insurance 20,892,077 11,982,350 (8,909,727 ) ₩ 22,716,408 ₩ 13,646,717 ₩ (9,069,691 ) * Long-term insurance is for premium reserves and unearned premium reserves; the premium reserve is the amount of subtracting deferred acquisition costs and insurance contract loans from the net insurance premium reserve in accordance with Article 6-3 As a result of liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of liability adequacy test. 38.3.2 KB Life Insurance Co., Ltd. Assumptions and basis for the insurance liability adequacy test of KB Life Insurance Co., Ltd. as of December 31, 2019 and 2020, are as follows: Assumptions (%) December 31, 2019 December 31, 2020 Calculation basis Lapse ratio 0~65.39 0~65.50 Ratio of canceled premiums to premiums by product group, method of payment, channel, and elapsed period, based on the most recent five-year experience statistics Loss ratio 11~132 24~156 Ratio of number of accidents to the number of holding insurances, by collateral, gender and elapsed period, based on the most recent seven-year experience statistics Discount rate 1.04~5.79 0.98~15.33 Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread Indirect costs included in administration expenses were calculated based on unit cost of the expense allocation standards of the last year in accordance with the Detailed Regulations on Supervision of Insurance Business. Direct costs included in administration expenses were calculated based on estimates of future expense according to the Group’s internal regulations. The insurance liability adequacy test of KB Life Insurance Co., Ltd. is performed by contract types such as interest rate types and dividend types. Results of life insurance liability adequacy test as of December 31, 2019 and 2020, are as follows: December 31, 2019 Recognized liabilities Estimated adequate Shortfall (surplus) (In millions of Korean won) Fixed interest type Participating ₩ 30,514 ₩ 56,460 ₩ 25,946 Non-participating 180,058 45,166 (134,892 ) Variable interest type Participating 1,037,148 1,080,830 43,682 Non-participating 5,335,572 5,069,047 (266,525 ) Variable type (23,514 ) (133,781 ) (110,267 ) Total ₩ 6,559,778 ₩ 6,117,722 ₩ (442,056 ) December 31, 2020 Recognized liabilities Estimated adequate Shortfall (surplus) (In millions of Korean won) Fixed interest type Participating ₩ 30,447 ₩ 56,125 ₩ 25,678 Non-participating 395,766 12,952 (382,814 ) Variable interest type Participating 970,376 991,663 21,287 Non-participating 5,508,172 5,141,265 (366,907 ) Variable type (26,685 ) (124,623 ) (97,938 ) Total ₩ 6,878,076 ₩ 6,077,382 ₩ (800,694 ) As a result of liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of liability adequacy test. 38.3.3 Prudential Life Insurance Company of Korea Ltd. Assumptions and basis for the insurance liability adequacy test of Prudential Life Insurance Company of Korea Ltd. as of December 31, 2020, are as follows: Assumptions Calculation basis Lapse ratio 2~28 Ratio of canceled premiums to premiums by product group and elapsed period, based on the most recent five-year experience statistics Loss ratio 21~312 Calculated by ratio of insurance claim payments to risk premiums based on the recent five-year experience statistics Discount rate 0.85~16.27 Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread The insurance liability adequacy test of Prudential Life Insurance Company of Korea Ltd. is performed by contract types such as interest rate types and dividend types. Results of life insurance liability adequacy test as of December 31, 2020, are as follows: December 31, 2020 Recognized liabilities Estimated adequate Shortfall (surplus) (In millions of Korean won) Fixed interest type Participating ₩ 75,390 ₩ 83,404 ₩ 8,014 Non-participating 11,037,531 10,534,663 (502,868 ) Variable interest type Participating — — — Non-participating 721,570 547,754 (173,816 ) Variable type 369,991 (1,220,080 ) (1,590,071 ) Total ₩ 12,204,482 ₩ 9,945,741 ₩ (2,258,741 ) As a result of liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of liability adequacy test. 38.4 Net Insurance Income Details of insurance income and expenses for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Insurance Income Premium income ₩ 10,730,227 ₩ 11,173,367 ₩ 12,872,727 Reinsurance income 873,053 850,871 823,500 Reversal of policy reserves 344 993 85 Separate account income 360,664 216,429 216,485 Income from change in reinsurance assets — 42,432 467,729 Other insurance income 10,782 33,090 6,114 11,975,070 12,317,182 14,386,640 Insurance Expenses Insurance claims paid 4,415,760 5,046,772 5,264,829 Dividend expenses 9,400 9,902 11,661 Refunds of surrender value 2,855,573 2,870,543 3,286,150 Reinsurance expenses 947,560 1,018,007 1,127,304 Provision for policy reserves 1,608,519 1,547,264 2,709,903 Separate account expenses 276,412 139,810 113,703 Administration expenses 418,646 453,016 563,085 Amortization of deferred acquisition costs 606,073 679,279 767,633 Expenses from change in reinsurance assets 89,621 314 163 Claim survey expenses paid 38,782 52,123 58,873 Other insurance expenses 218,608 200,640 183,343 11,484,954 12,017,670 14,086,647 Net insurance income ₩ 490,116 ₩ 299,512 ₩ 299,993 38.5 Risk Management of KB Insurance Co., Ltd. 38.5.1 Overview Insurance risk is the risk that arises from a primary operation of insurance companies that is associated with acceptance of insurance contract and payment of claims and is classified as the insurance price risk and the reserves risk. The insurance price risk is the risk of loss that might occur when the actual risk exceeds the expected risk ratio or expected expense ratio in calculation of premiums. It is the risk of loss that arises from differences between actual payment of claims and premiums received from policyholders. The reserves risk is the risk that arises due to a deficit in reserves at the date of assessment, making the Group unable to cover the actual claims payment in the future. 38.5.2 Purposes, policies and procedures to manage risk arising from insurance contracts The risks associated with insurance contract that the Group faces are the insurance actuarial risk and the acceptance risk. Each risk occurs due to insurance contract’s pricing and conditions of acceptance. In order to minimize acceptance risk, the Group establishes guidelines and procedure for acceptance and outlines specific conditions for acceptance by product. In addition, expected risk level at the date of pricing is compared with actual risk of contracts after acceptance and various subsequent measures such as the adjustments in the interest rate and sales conditions, termination of selling specific product and others are taken in order to reduce insurance actuarial risk. The Group has a committee to discuss status of product acceptance risk and interest rate policy. The committee decides important matters to set the processes that allow minimizing the insurance actuarial risk, the acceptance risk and other business-related risk. In addition, according to reinsurance operating standards, the Group establishes an operating strategy of reinsurance for large claims expense due to unexpected catastrophic events. The Group aims at policy holders’ safety and its stable profit achievement. For the long-term goal, the Group manages risk at a comprehensive level to keep its value at the maximum. 38.5.3 Exposure to insurance price risk According to RBC standard, exposure to insurance price risk is defined as net written premiums for prior one year that is calculated by adding and subtracting direct insurance premium, assumed reinsurance premium and ceded reinsurance premium. The Group’s exposure to insurance price risk as of December 31, 2019 and 2020, as follows: December 31, 2019 Direct insurance Reinsurance assumed Reinsurance ceded Total (In millions of Korean won) General ₩ 999,348 ₩ 101,613 ₩ (579,922 ) ₩ 521,039 Automobile 2,101,780 — (40,067 ) 2,061,713 Long-term 2,550,236 — (367,904 ) 2,182,332 ₩ 5,651,364 ₩ 101,613 ₩ (987,893 ) ₩ 4,765,084 December 31, 2020 Direct insurance Reinsurance assumed Reinsurance ceded Total (In millions of Korean won) General ₩ 1,088,791 ₩ 79,429 ₩ (663,750 ) ₩ 504,470 Automobile 2,491,412 — (21,433 ) 2,469,979 Long-term 2,803,532 — (415,439 ) 2,388,093 ₩ 6,383,735 ₩ 79,429 ₩ (1,100,622 ) ₩ 5,362,542 38.5.4 Concentration of insurance risk The Group is selling general non-life non-life, 38.5.5 Claims development tables The Group uses claim development of payments and the estimated ultimate claims for the years where the accident has occurred, in order to maintain overall reserve adequacy in respect of general, automobile and long-term insurance. When the estimated ultimate claims are greater than claim payments, the Group establishes additional reserves. Claims development tables as of December 31, 2019 and 2020, are as follows: <2019> General Insurance Payment year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2015.1.1 ~ 2015.12.31 ₩ 125,162 ₩ 144,566 ₩ 147,031 ₩ 147,616 ₩ 148,995 2016.1.1 ~ 2016.12.31 145,618 167,818 171,205 178,265 — 2017.1.1 ~ 2017.12.31 168,409 200,704 204,538 — — 2018.1.1 ~ 2018.12.31 200,280 237,111 — — — 2019.1.1 ~ 2019.12.31 220,474 — — — — 859,943 750,199 522,774 325,881 148,995 Gross cumulative claim payments (B) 2015.1.1 ~ 2015.12.31 93,443 129,764 137,157 141,218 143,985 2016.1.1 ~ 2016.12.31 108,098 151,283 162,059 170,353 — 2017.1.1 ~ 2017.12.31 132,430 184,333 193,811 — — 2018.1.1 ~ 2018.12.31 153,770 216,705 — — — 2019.1.1 ~ 2019.12.31 185,832 — — — — 673,573 682,086 493,027 311,571 143,985 Difference (A-B) ₩ 186,369 ₩ 68,112 ₩ 29,747 ₩ 14,310 ₩ 5,010 Automobile Insurance Payment year Accident year After 1 year After 2 After 3 After 4 After 5 After 6 After 7 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2013.1.1 ~ 2013.12.31 ₩ 1,131,945 ₩ 1,156,535 ₩ 1,170,968 ₩ 1,179,458 ₩ 1,179,323 ₩ 1,179,514 ₩ 1,180,458 2014.1.1 ~ 2014.12.31 1,174,611 1,193,832 1,205,524 1,212,025 1,212,162 1,214,524 — 2015.1.1 ~ 2015.12.31 1,227,106 1,245,780 1,256,058 1,263,044 1,267,142 — — 2016.1.1 ~ 2016.12.31 1,276,939 1,281,381 1,287,728 1,294,735 — — — 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 — — — — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 — — — — — 2019.1.1 ~ 2019.12.31 1,591,793 — — — — — — 9,214,176 7,698,163 6,279,145 4,949,262 3,658,627 2,394,038 1,180,458 Gross cumulative claim payments (B) 2013.1.1 ~ 2013.12.31 939,569 1,114,063 1,145,110 1,161,624 1,168,617 1,175,681 1,178,158 2014.1.1 ~ 2014.12.31 969,211 1,150,462 1,180,953 1,196,387 1,204,580 1,208,421 — 2015.1.1 ~ 2015.12.31 1,020,975 1,198,241 1,228,357 1,245,779 1,254,187 — — 2016.1.1 ~ 2016.12.31 1,052,830 1,235,656 1,264,651 1,282,346 — — — 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 — — — — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 — — — — — 2019.1.1 ~ 2019.12.31 1,332,849 — — — — — — 7,644,412 7,433,630 6,155,033 4,886,136 3,627,384 2,384,102 1,178,158 Difference (A-B) ₩ 1,569,764 ₩ 264,533 ₩ 124,112 ₩ 63,126 ₩ 31,243 ₩ 9,936 ₩ 2,300 Long-term Insurance Payment year Accident year After 1 year After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2013.1.1 ~ 2013.12.31 ₩ 709,602 ₩ 965,587 ₩ 997,607 ₩ 1,003,646 ₩ 1,006,025 ₩ 1,007,041 ₩ 1,008,589 2014.1.1 ~ 2014.12.31 789,087 1,083,048 1,114,821 1,119,206 1,122,192 1,123,240 — 2015.1.1 ~ 2015.12.31 885,476 1,219,393 1,256,051 1,266,881 1,270,967 — — 2016.1.1 ~ 2016.12.31 1,064,744 1,437,573 1,485,839 1,500,403 — — — 2017.1.1 ~ 2017.12.31 1,184,224 1,614,903 1,670,929 — — — — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 — — — — — 2019.1.1 ~ 2019.12.31 1,626,481 — — — — — — 7,632,320 8,201,550 6,525,247 4,890,136 3,399,184 2,130,281 1,008,589 Gross cumulative claim payments (B) 2013.1.1 ~ 2013.12.31 671,500 953,494 989,957 999,944 1,003,715 1,005,796 1,007,865 2014.1.1 ~ 2014.12.31 744,944 1,065,792 1,104,468 1,114,341 1,119,531 1,122,378 — 2015.1.1 ~ 2015.12.31 836,471 1,205,130 1,248,475 1,262,528 1,269,557 — — 2016.1.1 ~ 2016.12.31 1,017,243 1,424,948 1,477,415 1,496,556 — — — 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 — — — — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 — — — — — 2019.1.1 ~ 2019.12.31 1,574,696 — — — — — — 7,295,335 8,117,025 6,483,293 4,873,369 3,392,803 2,128,174 1,007,865 Difference (A-B) ₩ 336,985 ₩ 84,525 ₩ 41,954 ₩ 16,767 ₩ 6,381 ₩ 2,107 ₩ 724 <2020> General Insurance Payment year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2016.1.1 ~ 2016.12.31 ₩ 145,618 ₩ 167,818 ₩ 171,206 ₩ 178,265 ₩ 180,160 2017.1.1 ~ 2017.12.31 168,409 200,699 204,368 206,201 — 2018.1.1 ~ 2018.12.31 200,968 241,474 246,871 — — 2019.1.1 ~ 2019.12.31 219,881 263,849 — — — 2020.1.1 ~ 2020.12.31 232,622 — — — — 967,498 873,840 622,445 384,466 180,160 Gross cumulative claim payments (B) 2016.1.1 ~ 2016.12.31 108,098 151,282 162,059 170,353 175,063 2017.1.1 ~ 2017.12.31 132,430 184,333 193,780 199,225 — 2018.1.1 ~ 2018.12.31 153,770 217,955 235,900 — — 2019.1.1 ~ 2019.12.31 185,645 246,397 — — — 2020.1.1 ~ 2020.12.31 167,129 — — — — 747,072 799,967 591,739 369,578 175,063 Difference (A-B) ₩ 220,426 ₩ 73,873 ₩ 30,706 ₩ 14,888 ₩ 5,097 Automobile Insurance Payment year Accident year After 1 year After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2014.1.1 ~ 2014.12.31 ₩ 1,174,611 ₩ 1,193,833 ₩ 1,205,524 ₩ 1,212,025 ₩ 1,212,162 ₩ 1,214,524 ₩ 1,217,006 2015.1.1 ~ 2015.12.31 1,227,106 1,245,780 1,256,058 1,263,044 1,267,142 1,271,001 — 2016.1.1 ~ 2016.12.31 1,276,939 1,281,381 1,287,728 1,294,735 1,299,964 — — 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 1,368,016 — — — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 1,481,509 — — — — 2019.1.1 ~ 2019.12.31 1,591,793 1,620,609 — — — — — 2020.1.1 ~ 2020.12.31 1,624,341 — — — — — — 9,706,572 8,162,238 6,589,686 5,137,820 3,779,268 2,485,525 1,217,006 Gross cumulative claim payments (B) 2014.1.1 ~ 2014.12.31 969,211 1,150,462 1,180,953 1,196,387 1,204,580 1,208,421 1,210,632 2015.1.1 ~ 2015.12.31 1,020,975 1,198,241 1,228,357 1,245,779 1,254,187 1,261,995 — 2016.1.1 ~ 2016.12.31 1,052,830 1,235,656 1,264,651 1,282,346 1,288,754 — — 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 1,350,174 — — — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 1,456,532 — — — — 2019.1.1 ~ 2019.12.31 1,332,849 1,570,194 — — — — — 2020.1.1 ~ 2020.12.31 1,353,799 — — — — — — 8,058,642 7,889,761 6,466,455 5,074,686 3,747,521 2,470,416 1,210,632 Difference (A-B) ₩ 1,647,930 ₩ 272,477 ₩ 123,231 ₩ 63,134 ₩ 31,747 ₩ 15,109 ₩ 6,374 Long-term Insurance Payment year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2014.1.1 ~ 2014.12.31 ₩ 789,088 ₩ 1,083,049 ₩ 1,114,820 ₩ 1,119,206 ₩ 1,122,191 ₩ 1,123,240 ₩ 1,124,628 2015.1.1 ~ 2015.12.31 885,476 1,219,394 1,256,051 1,266,881 1,270,967 1,273,615 — 2016.1.1 ~ 2016.12.31 1,064,744 1,437,573 1,485,839 1,500,403 1,506,889 — — 2017.1.1 ~ 2017.12.31 1,184,224 1,614,903 1,670,929 1,689,768 — — — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 1,941,497 — — — — 2019.1.1 ~ 2019.12.31 1,626,481 2,229,830 — — — — — 2020.1.1 ~ 2020.12.31 1,818,316 — — — — — — 8,741,035 9,465,795 7,469,136 5,576,258 3,900,047 2,396,855 1,124,628 Gross cumulative claim payments (B) 2014.1.1 ~ 2014.12.31 744,944 1,065,792 1,104,468 1,114,341 1,119,531 1,122,378 1,123,868 2015.1.1 ~ 2015.12.31 836,471 1,205,130 1,248,475 1,262,528 1,269,557 1,272,648 — 2016.1.1 ~ 2016.12.31 1,017,243 1,424,948 1,477,415 1,496,556 1,503,841 — — 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 1,683,997 — — — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 1,933,543 — — — — 2019.1.1 ~ 2019.12.31 1,574,696 2,211,717 — — — — — 2020.1.1 ~ 2020.12.31 1,749,647 — — — — — — 8,373,482 9,375,248 7,426,879 5,557,422 3,892,929 2,395,026 1,123,868 Difference (A-B) ₩ 367,553 ₩ 90,547 ₩ 42,257 ₩ 18,836 ₩ 7,118 ₩ 1,829 ₩ 760 38.5.6 Sensitivity analysis of insurance risk The Group manages insurance risk by performing sensitivity analysis based on discount rate, loss ratio and expense ratio which are considered to have significant influence on future cash flow, timing and uncertainty. According to result of sensitivity analysis there is no material influence on the equity and net profit before tax. December 31, 2019 Assumption Change Effect on LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 495,287 ₩ — ₩ — ₩ — -10 % (553,013 ) — — — Loss ratio +10 % 4,576,415 — — — -10 % (4,576,415 ) — — — Expense ratio +10 % 342,587 — — — -10 % (342,587 ) — — — Discount rate +0.5 %p (1,521,385 ) — — — -0.5 %p 1,800,472 — — — December 31, 2020 Assumption change Effect on LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 568,734 ₩ — ₩ — ₩ — -10 % (633,788 ) — — — Loss ratio +10 % 5,012,443 — — — -10 % (5,012,443 ) — — — Expense ratio +10 % 345,752 — — — -10 % (345,752 ) — — — Discount rate +0.5 %p (1,499,565 ) — — — -0.5 %p 1,726,707 — — — 38.5.7 Liquidity risk of insurance contracts Liquidity risk arising from insurance contracts is the increase in refunds at maturity caused by concentrations of maturity, the increase in surrender values caused by unexpected amounts in cancelation and the increase in payments of claims caused by catastrophic events. The Group manages payment of refunds payable at maturity by analyzing maturity of insurance. Premium reserve’s maturity structure as of December 31, 2019 and 2020, as follows: December 31, 2019* Up to 1 year 1~5 years 5~10 Years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating Fixed interest type ₩ 57,532 ₩ 258,436 ₩ 84,349 ₩ 43,141 ₩ 125,622 ₩ 569,080 Variable interest type 527,467 2,578,004 2,085,054 777,340 13,336,668 19,304,533 584,999 2,836,440 2,169,403 820,481 13,462,290 19,873,613 Annuity Fixed interest type 10 543 2,244 3,714 1,075 7,586 Variable interest type 273 70,180 367,710 1,245,176 2,227,054 3,910,393 283 70,723 369,954 1,248,890 2,228,129 3,917,979 Asset-linked Variable interest type 27,389 — — — — 27,389 Total Fixed interest type 57,542 258,979 86,593 46,855 126,697 576,666 Variable interest type 555,129 2,648,184 2,452,764 2,022,516 15,563,722 23,242,315 ₩ 612,671 ₩ 2,907,163 ₩ 2,539,357 ₩ 2,069,371 ₩ 15,690,419 ₩ 23,818,981 December 31, 2020* Up to 1 year 1~5 years 5~10 years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating Fixed interest type ₩ 70,782 ₩ 191,570 ₩ 78,092 ₩ 51,216 ₩ 175,387 ₩ 567,047 Variable interest type 663,210 2,304,298 1,937,621 845,404 14,716,753 20,467,286 733,992 2,495,868 2,015,713 896,620 14,892,140 21,034,333 Annuity Fixed interest type 5 717 2,203 3,817 738 7,480 Variable interest type 242 83,568 390,516 1,301,383 2,195,244 3,970,953 247 84,285 392,719 1,305,200 2,195,982 3,978,433 Asset-linked Variable interest type — — — — — — Total Fixed interest type 70,787 192,287 80,295 55,033 176,125 574,527 Variable interest type 663,452 2,387,866 2,328,137 2,146,787 16,911,997 24,438,239 ₩ 734,239 ₩ 2,580,153 ₩ 2,408,432 ₩ 2,201,820 ₩ 17,088,122 ₩ 25,012,766 * Includes long-term investment contract amounting to ₩ 108,938 million and ₩ 106,853 million, as of December 31, 2019 and 2020, respectively. 38.5.8 Credit risk of insurance contract Credit risk of insurance contract is the economic loss arising from non-performing BBB- As of December 31, 2020, there are 168 reinsurance companies that deal with the Group, and the top three reinsurance companies’ concentration and credit ratings are as follows: Reinsurance company Ratio Credit rating KOREAN RE 48.02 % AA MUNICH RE 3.94 % AAA ALLIANZGLOBAL 3.85 % AAA Exposures to credit risk related to reinsurance as of December 31, 2019 and 2020 as follows: December 31, December 31, (In millions of Korean won) Reinsurance assets 1 ₩ 735,196 ₩ 1,199,354 Receivables from reinsurers 2 328,177 252,064 ₩ 1,063,373 ₩ 1,451,418 1 Net carrying amounts after impairment loss 2 Net carrying amounts after allowance for credit losses 38.5.9 Interest rate risk of insurance contract The interest rate risk exposure from the Group’s insurance contracts is the risk of unexpected losses in net interest income or net assets arising from changes in interest rates and it is managed to minimize unexpected loss. For long-term, non-life 38.5.9.1 Exposure to interest rate risk December 31, 2019 December 31, 2020 (In millions of Korean won) Interest bearing liabilities Fixed interest rate type ₩ 534,236 ₩ 501,147 Variable interest rate type 21,911,393 23,213,667 ₩ 22,445,629 ₩ 23,714,814 Interest bearing assets Due from financial institutions measured at amortized cost and cash equivalents ₩ 108,559 ₩ 160,249 Financial assets at fair value through profit or loss 4,560,512 3,823,603 Financial assets at fair value through other comprehensive income 2,984,738 3,983,567 Securities measured at amortized cost 8,163,485 8,700,196 Loans measured at amortized cost 6,924,597 6,271,484 ₩ 22,741,891 ₩ 22,939,099 38.5.9.2 Measurement and recognition method Duration is used to measure interest rate risk within risk-based solvency test. ALM system is utilized to manage interest rate risk internally. In addition, Risk Management Committee sets ALM strategy every year to manage interest rate risk. 38.5.9.3 Sensitivity to changes in interest rates Generally, when interest rates rise, the value and duration of assets and liabilities fall when interest rates fall, value and duration of assets and liabilities increase. Where duration of assets is shorter than that of liabilities with the interest rates fall, the interest rate risk is increased since the incremental portion of liabilities exceeds that of assets. 38.5.9.4 Negative spread risk control In order to manage the negative margins risk between interest expenses on liabilities and investment incomes on assets, the Group sets the disclosure rate every month considering the market interest rate and the investment yield. 38.6 Risk Management of KB Life Insurance Co., Ltd. 38.6.1 Overview Insurance risk is the risk of loss arising from the actual risk at the time of claims exceeding the estimated risk at the time of underwriting. Insurance risk is classified by insurance price risk and policy reserve risk. Insurance price risk is the risk of loss arising from differences between received from policyholders and actual claims paid. Policy reserve risk is the risk of loss arising from differences between policy reserves the Group holds and actual claims to be paid. Therefore, loss is recognized if actual claims are more than policy reserves. KB Life Insurance Co., Ltd. measures only insurance price risk under RBC requirement because life insurance claim pay-out 38.6.2 Concentration of insurance risk and reinsurance policy The Group uses reinsurance to mitigate concentration of insurance risk seeking an enhanced capital management. The Group categorized |
Statement Of Cash Flows
Statement Of Cash Flows | 12 Months Ended |
Dec. 31, 2020 | |
Statement Of Cash Flows Abstract [Abstract] | |
Disclosure Of Cash Flow Statement Explanatory | 39. Statement of Cash Flows 39.1 Details of cash and cash equivalents as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Cash ₩ 2,311,418 ₩ 2,560,970 Checks with other banks 383,500 327,781 Due from the Bank of Korea 8,607,911 12,340,532 Due from other financial institutions 9,535,049 10,379,559 20,837,878 25,608,842 Due from financial institutions measured at fair value through profit or loss 216,367 100,094 21,054,245 25,708,936 Restricted due from financial institutions (13,372,966 ) (15,303,363 ) Due from financial institutions with original maturities over three months (1,557,554 ) (1,720,481 ) (14,930,520 ) (17,023,844 ) ₩ 6,123,725 ₩ 8,685,092 39.2 Significant non-cash 2018 2019 2020 (In millions of Korean won) Decrease in loans due to write-offs ₩ 1,079,435 ₩ 1,188,584 ₩ 1,283,071 Changes in financial investments due to debt-for-equity 22,286 104,815 13,820 Changes in accumulated other comprehensive income from valuation of financial instruments at fair value through other comprehensive income 119,182 35,490 496,159 Changes in accumulated other comprehensive income from valuation of investments in associates (3,733 ) 7,695 (6,978 ) Changes in other payables due to treasury stock trust agreement, etc. 6,678 — — 39.3 Cash inflows and outflows from income tax, interests and dividends for the years ended December 31, 2018, 2019 and 2020, are as follows: Activity 2018 2019 2020 (In millions of Korean won) Income tax paid Operating ₩ 759,013 ₩ 1,223,084 ₩ 1,119,252 Interest received Operating 13,958,806 14,936,705 14,986,532 Interest paid Operating 4,369,345 5,365,595 5,266,158 Dividends received Operating 235,243 185,846 187,699 Dividends paid Financing 766,728 766,249 883,952 39.4 Changes in liabilities arising from financing activities for the years ended December 31, 2019 and 2020, are as follows: 2019 Non-cash Beginning Net cash Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging* ₩ 8,049 ₩ (28,631 ) ₩ — ₩ — ₩ 139,771 ₩ — ₩ 67,912 ₩ 187,101 Borrowings 86,283,531 2,537,391 — 397,571 67,297 (602,388 ) 71,041 88,754,443 Due to trust accounts 5,285,108 (68,648 ) — — — — — 5,216,460 Changes in non-controlling 9,110 574,580 — 345 — — 1,372 585,407 Others 167,128 (95,723 ) 766,259 35,591 — — (4,699 ) 868,556 ₩ 91,752,926 ₩ 2,918,969 ₩ 766,259 ₩ 433,507 ₩ 207,068 ₩ (602,388 ) ₩ 135,626 ₩ 95,611,967 2020 Non-cash Beginning Net cash Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging* ₩ 187,101 ₩ (16,202 ) ₩ — ₩ (102,347 ) ₩ 10,553 ₩ 1,166 ₩ (137,467 ) ₩ (57,196 ) Borrowings 88,754,443 22,627,875 — (217,461 ) (591,619 ) 2,131,517 (116,912 ) 112,587,843 Due to trust accounts 5,216,460 2,326,495 — — — — — 7,542,955 Changes in non-controlling 585,407 (25,658 ) — 250,904 — — 47,130 857,783 Others 868,556 (63,065 ) 236,860 11 — — (23,287 ) 1,019,075 ₩ 95,611,967 ₩ 24,849,445 ₩ 236,860 ₩ (68,893 ) ₩ (581,066 ) ₩ 2,132,683 ₩ (230,536 ) ₩ 121,950,460 * Derivatives held for hedging purposes are the net amount after offsetting liabilities from assets. 39.5 The net cash flow associated with the changes in the subsidiaries for the years ended December 31, 2019 and 2020 was 91,592 million of cash inflow and 1,951,245 million of cash outflow, respectively. |
Contingent Liabilities And Comm
Contingent Liabilities And Commitments | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Contingent Liabilities Abstract [Abstract] | |
Disclosure Of Commitments And Contingent Liabilities Explanatory | 40. Contingent Liabilities and Commitments 40.1 Details of acceptances and guarantees as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Confirmed acceptances and guarantees Confirmed acceptances and guarantees in Korean won Acceptances and guarantees for KB purchasing loan ₩ 161,314 ₩ 144,457 Others 746,823 1,048,848 908,137 1,193,305 Confirmed acceptances and guarantees in foreign currencies Acceptances of letter of credit 155,151 221,422 Letter of guarantees 49,754 45,693 Bid bond 37,765 72,037 Performance bond 718,097 703,826 Refund guarantees 1,022,646 801,445 Others 2,935,939 3,072,099 4,919,352 4,916,522 Financial guarantees Acceptances and guarantees for issuance of debenture — 10,040 Acceptances and guarantees for mortgage 47,384 89,302 Overseas debt guarantees 406,680 410,470 International financing guarantees in foreign currencies 231,685 197,097 Others 230,000 50,950 915,749 757,859 6,743,238 6,867,686 Unconfirmed acceptances and guarantees Guarantees of letter of credit 1,845,508 2,094,989 Refund guarantees 654,497 344,112 2,500,005 2,439,101 ₩ 9,243,243 ₩ 9,306,787 40.2 Credit qualities of acceptances and guarantees exposure as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 4,220,046 ₩ 696 ₩ — ₩ 4,220,742 Grade 2 2,105,637 38,271 — 2,143,908 Grade 3 93,074 81,317 — 174,391 Grade 4 18,773 172,440 — 191,213 Grade 5 — 2,873 10,111 12,984 6,437,530 295,597 10,111 6,743,238 Unconfirmed acceptances and guarantees Grade 1 1,228,258 1,289 — 1,229,547 Grade 2 1,121,159 32,413 — 1,153,572 Grade 3 17,091 20,957 — 38,048 Grade 4 4,236 62,964 — 67,200 Grade 5 — 170 11,468 11,638 2,370,744 117,793 11,468 2,500,005 ₩ 8,808,274 ₩ 413,390 ₩ 21,579 ₩ 9,243,243 December 31, 2020 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 4,377,798 ₩ 1,119 ₩ — ₩ 4,378,917 Grade 2 2,269,455 47,438 — 2,316,893 Grade 3 27,588 85,321 — 112,909 Grade 4 14,925 33,440 501 48,866 Grade 5 — 453 9,648 10,101 6,689,766 167,771 10,149 6,867,686 Unconfirmed acceptances and guarantees Grade 1 1,422,528 771 — 1,423,299 Grade 2 912,209 28,506 — 940,715 Grade 3 11,399 23,069 — 34,468 Grade 4 2,369 29,934 — 32,303 Grade 5 — 589 7,727 8,316 2,348,505 82,869 7,727 2,439,101 ₩ 9,038,271 ₩ 250,640 ₩ 17,876 ₩ 9,306,787 40.3 Acceptances and guarantees by counterparty as of December 31, 2019 and 2020, are as follows: December 31, 2019 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 5,962,004 ₩ 1,904,346 ₩ 7,866,350 85.10 Small and medium-sized 650,612 397,539 1,048,151 11.34 Public sector and others 130,622 198,120 328,742 3.56 ₩ 6,743,238 ₩ 2,500,005 ₩ 9,243,243 100.00 December 31, 2020 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 5,538,003 ₩ 1,770,235 ₩ 7,308,238 78.53 Small and medium-sized 695,860 459,487 1,155,347 12.41 Public sector and others 633,823 209,379 843,202 9.06 ₩ 6,867,686 ₩ 2,439,101 ₩ 9,306,787 100.00 40.4 Acceptances and guarantees by industry as of December 31, 2019 and 2020, are as follows: December 31, 2019 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 260,974 ₩ 23,999 ₩ 284,973 3.08 Manufacturing 3,373,220 1,627,840 5,001,060 54.11 Service 1,187,516 88,158 1,275,674 13.80 Wholesale and retail 1,126,976 597,998 1,724,974 18.66 Construction 467,114 20,590 487,704 5.28 Public sector 107,481 81,895 189,376 2.05 Others 219,957 59,525 279,482 3.02 ₩ 6,743,238 ₩ 2,500,005 ₩ 9,243,243 100.00 December 31, 2020 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 632,947 ₩ 5,871 ₩ 638,818 6.86 Manufacturing 2,992,319 1,285,530 4,277,849 45.96 Service 920,352 89,457 1,009,809 10.85 Wholesale and retail 1,086,772 891,619 1,978,391 21.26 Construction 411,601 14,488 426,089 4.58 Public sector 104,925 103,285 208,210 2.24 Others 718,770 48,851 767,621 8.25 ₩ 6,867,686 ₩ 2,439,101 ₩ 9,306,787 100.00 40.5 Details of commitments as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Commitments Corporate loan commitments ₩ 41,930,407 ₩ 40,253,100 Retail loan commitments 42,582,736 46,450,857 Credit line of credit cards 60,667,219 65,325,863 Purchase of other securities 6,617,253 7,104,163 151,797,615 159,133,983 Financial Guarantees Credit line 2,340,141 3,522,809 Purchase of securities 591,500 683,800 2,931,641 4,206,609 ₩ 154,729,256 ₩ 163,340,592 40.6 Other Matters (including litigation) a) The Group has 122 pending lawsuits as a plaintiff (excluding simple lawsuits related to the collection or management of loans), with an aggregate claims of ₩ 396,881 million, and 275 pending lawsuits as a defendant (excluding simple lawsuits related to the collection or management of loans) with an aggregate claims of ₩ 2,009,603 million, which arose in the normal course of the business, as of December 31, 2020. Details of major pending lawsuits in which the Group is a defendant are as follows: (in number of cases, in millions of Korean won) Company Lawsuits No. of Amount Description of the lawsuits Status of the lawsuits Kookmin Bank Request for a return of redemption amount 1 ₩ 48,068 Kookmin Bank invested the assets entrusted by OO Asset Management and OO Investment Trust Management in the Fairfield Sentry Limited, and Fairfield Sentry Limited reinvested the assets in Bernard L. Madoff Investment Securities LLC managed by Bernard Madoff (Bernard L. Madoff Investment Securities LLC is in the liquidation process due to Ponzi scheme fraud-related losses). Bankruptcy trustee of Bernard L. Madoff Investment Securities LLC filed a lawsuit against Kookmin Bank seeking to return the amount of redemptions received by Kookmin Bank through Fairfield Sentry Limited. Application for incineration by the defendant has been denied, and further proceedings are scheduled. [Related litigation is in progress at the New York Southern District Bankruptcy Court (10-03777) Kookmin Bank Request for compensation for damages 1 1,629,557 The plaintiff filed a lawsuit for compensation for damages against Indonesian Financial Supervisory Authority (OJK) and Kookmin Bank as joint defendants, claiming that the capital increase and Kookmin Bank’s acquisition of PT Bank Bukopin TBK was illegal in violation of local laws and regulations in Indonesia. It is difficult to accurately predict the result of the lawsuit as of now because the complaint has not been received, but it is judged that the possibility that the result of this lawsuit will have a significant impact on the financial position of Kookmin Bank is low. KB Securities Co., Ltd. Request for a return of transaction amount (Australian fund) 1 100,000 The plaintiffs OOOO Securities and OOOO Life Insurance filed lawsuits, claiming that the KB Securities Co., Ltd. provided false information on major matters in the product description while selling JB Australia NDIS Private Fund No.1 (on April 25, 2019, plaintiffs invested ₩ 50 billion each) (a) (Primary claim) requesting KB Securities Co., Ltd. to return unjust enrichment of ₩ 100 billion for cancelation of sales contracts of beneficiary certificates due to an error or termination of the contract due to default, (b) (Secondary claim) requesting for compensation for damages in investments amounting to ₩ 100 billion due to violation of the investor protection obligation and fraudulent transactions of KB Securities Co., Ltd. and OOO Asset Management. First trial is in progress (second hearing for the first trial is scheduled on April 2, 2021). b) On April 10, 2020, Kookmin Bank acquired 70% shares of PRASAC Microfinance Institution Plc. (“PRASAC”), a specialized credit micro finance institution in Cambodia, for US$ 603 million from its existing shareholders. Kookmin Bank has signed an agreement with the existing shareholders of PRASAC. The existing shareholders have the right of put option to sell 30% of the remaining shares to Kookmin Bank, and they are entitled to exercise their rights at the exercise price calculated on the basis of the adjusted book value of net asset as of 2021 year-end, c) Kookmin Bank has entered into an agreement with PT Bosowa Corporindo, a major shareholder of PT Bank Bukopin TBK. Under this agreement, Kookmin Bank and PT Bosowa Corporindo have a right of first refusal and a tag-along d) In June 2013, KB Kookmin Card Co., Ltd. had an accident in which cardholders’ personal information was stolen (hereinafter referred to as “accident”) due to illegal activities by employees of personal credit information company in charge of development of the system upgrading to prevent fraudulent use of credit card. As a result, KB Kookmin Card Co., Ltd. was notified by the Financial Services Commission of the suspension of some new business for 3 months as of February 16, 2014. In respect of the incident, the Group faces 11 and 2 legal claims filed as a defendant, with an aggregate claim of ₩ 444 million and ₩ 108 million as of December 31, 2019 and 2020 and a provision for these lawsuits amounting ₩ 2,549 million was recognized as of December 31, 2019. In addition, the Group takes out the personal information protection liability insurance as of December 31, 2020. e) As of December 31, 2020, the Group is not able to dispose, transfer or collateralize the shares or rights of shares of KB KOLAO Leasing Co., LTD. (“joint-venture lease company”) to a third party without the written consent of both KB Kookmin Card Co., Ltd. and Kolao Holdings, for five years (the restriction period for the disposal of its equity) after the date of initial investment for KB KOLAO LEASING CO., LTD. However, KB Kookmin Card Co., Ltd. and KB Capital Co., Ltd. may transfer all or part of their shares in the joint-venture lease company to affiliates who agree to comply with all the terms and conditions of this agreement on the establishment and operation of the joint-venture lease company in Laos and agree to succeed their responsibility for the joint-venture lease company. After the expiration of the restriction period for the disposal, as prescribed separately, each party of the joint-venture lease company may transfer all or part of their shares. Meanwhile, KB KOLAO Leasing Co., LTD. is selling LVMC Holdings (formerly Kolao Holdings) allied receivables that are more than three months overdue to Lanexang Leasing Co., Ltd. in accordance with an agreement. f) As of December 31, 2020, KB Capital Co., Ltd. and PT Sunindo Primasura are required to hold the shares of PT Sunindo Kookmin Best Finance for five years after the completion of the share purchase. If one party is going to sell all or part of the shares, provide them as collateral, trade or dispose of them, it should give the opportunity to exercise preemption to the other party by providing written proposal including transfer price, payment method and others. Meanwhile, the shareholders of PT Sunindo Kookmin Best Finance can receive dividends for up to 20% of net profit after taxes for each fiscal year starting from the fiscal year ended December 31, 2023. g) KB Securities Co., Ltd., as a sales agency, sold ₩ 326,500 million of private equity funds and trusts, which loans to corporations (borrower) that invest in apartment rental businesses for the disabled in Australia, to individuals and institutional investors. However, management of the fund is impossible due to the breach of contract by local borrower in Australia, therefore there is a possibility of losses of principal to these funds subscribers. In this regard, there are three lawsuits in which the Group is the defendant as of December 31, 2020. There is a possibility that additional lawsuits will be filed in the future, but the magnitude and final outcome of the lawsuit are unpredictable. h) In relation to Lime Asset Management, KB Securities Co., Ltd. has a PIS (Portfolio Index Swap) contract, as of December 31, 2020, associated with ‘Lime Thetis Qualified Investor Private Investment Trust No.2’ and Lime Pluto FI Qualified Investor Private Investment Trust No.D-1’ i) The proliferation of COVID-19 • There is a possibility of uncertainty about the credit risk of a borrower that could be affected by COVID-19. • Uncertainty may arise about forward-looking macroeconomic information related to expected credit losses. • Korean won may depreciate against major foreign currencies. This may result in an increase in principal and interest payments on liabilities denominated in foreign currencies, and losses on foreign exchanges transactions. • A significant decrease in the fair value of the Group’s investment in an entity that could be affected by COVID-19 Meanwhile, the Group’s accounting policy related to COVID-19 |
Subsidiaries
Subsidiaries | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Significant Investments In Subsidiaries Abstract [Abstract] | |
Disclosure Of Significant Investments In Subsidiaries Explanatory | 41. Subsidiaries 41.1 Details of major consolidated subsidiaries as of December 31, 2020, are as follows: Investor Investee Ownership Location Date of Industry KB Financial Group Inc. Kookmin Bank 100.00 Korea Dec. 31 Banking and foreign exchange transaction KB Securities Co., Ltd. 100.00 Korea Dec. 31 Financial investment KB Insurance Co., Ltd. 100.00 Korea Dec. 31 Non-life KB Kookmin Card Co., Ltd. 100.00 Korea Dec. 31 Credit card and installment financing Prudential Life Insurance Company of Korea Ltd. 100.00 Korea Dec. 31 Life insurance KB Asset Management Co., Ltd. 100.00 Korea Dec. 31 Collective investment and advisory KB Capital Co., Ltd. 100.00 Korea Dec. 31 Financial Leasing KB Life Insurance Co., Ltd. 100.00 Korea Dec. 31 Life insurance KB Real Estate Trust Co., Ltd. 100.00 Korea Dec. 31 Real estate trust management KB Savings Bank Co., Ltd. 100.00 Korea Dec. 31 Savings banking KB Investment Co., Ltd. 100.00 Korea Dec. 31 Capital investment KB Data System Co., Ltd. 100.00 Korea Dec. 31 Software advisory, development, and supply KB Credit Information Co., Ltd. 100.00 Korea Dec. 31 Collection of receivables or credit investigation Kookmin Bank Kookmin Bank Cambodia Plc. 100.00 Cambodia Dec. 31 Banking and foreign exchange transaction Kookmin Bank (China) Ltd. 100.00 China Dec. 31 Banking and foreign exchange transaction KB Microfinance Myanmar Co., Ltd. 100.00 Myanmar Dec. 31 Microfinance services PRASAC Microfinance Institution Plc. 70.00 Cambodia Dec. 31 Microfinance services PT Bank Bukopin TBK 67.00 Indonesia Dec. 31 Banking and foreign exchange transaction PT Bank Syariah Bukopin 92.78 Indonesia Dec. 31 Banking PT Bukopin Finance 97.03 Indonesia Dec. 31 Installment financing KB Bank Myanmar Co., Ltd. 100.00 Myanmar Dec. 31 Banking and foreign exchange transaction KB Securities Co., Ltd. KBFG Securities America Inc. 100.00 United States Dec. 31 Investment advisory and securities dealing activities KB Securities Hong Kong Ltd. 100.00 China Dec. 31 Investment advisory and securities dealing activities KB Securities Vietnam Joint Stock Company 99.70 Vietnam Dec. 31 Investment advisory and securities dealing activities KB FINA Joint Stock Company 100.00 Vietnam Dec. 31 Investment advisory and securities dealing activities KB Insurance Co., Ltd. Leading Insurance Services, Inc. 100.00 United States Dec. 31 Management service LIG Insurance (China) Co., Ltd. 100.00 China Dec. 31 Non-life PT. KB Insurance Indonesia 70.00 Indonesia Dec. 31 Non-life KB Claims Survey & Adjusting 100.00 Korea Dec. 31 Claim service KB Sonbo CNS 100.00 Korea Dec. 31 Management service KB Golden Life Care Co., Ltd. 100.00 Korea Dec. 31 Service KB Kookmin Card Co., Ltd. KB Daehan Specialized Bank Plc. 95.71 Cambodia Dec. 31 Auto Installment finance PT. KB Finansia Multi Finance 80.00 Indonesia Dec. 31 Auto Installment finance KB Capital Co., Ltd. PT Sunindo Kookmin Best Finance 85.00 Indonesia Dec. 31 Auto Installment finance KB Kookmin Card Co., Ltd., KB Capital Co., Ltd. KB KOLAO LEASING CO., LTD. 80.00 Laos Dec. 31 Auto Installment finance KB Asset Management Co., Ltd. KBAM Shanghai Advisory Services Co., Ltd. 100.00 China Dec. 31 General advisory 41.2 Details of consolidated structured entities as of December 31, 2020, are as follows: Consolidated structured entities Reasons for consolidation Trusts Kookmin Bank (development trust) and 10 others The Group controls the trust because it has power to determine management performance of the trust and is significantly exposed to variable returns that absorb losses through the guarantees of payment of principal, or payment of principal and fixed rate of return. Asset-backed securitization Able Hana Co., Ltd. and 127 others The Group controls these investees because it has power over relevant activities in the event of default, is significantly exposed to variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt and has ability to affect those returns through its power. Investment funds KB Global Platform Fund and 151 others Funds are consolidated if the Group, as a collective investor or operating manager (member), etc., can manage fund assets on behalf of other investors, or dismiss the collective investor and operating manager, and is substantially exposed to significant variable returns or has such rights. If the Group holds more than a majority of the ownership interests but does not have the power over relevant activities of structured entities in accordance with agreements with trust and other related parties, those structured entities are excluded from the consolidation. 41.3 Condensed financial information of major subsidiaries as of December 31, 2019 and 2020, and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Assets Liabilities Equity Operating Profit (loss) Total (In millions of Korean won) Kookmin Bank 1 ₩ 387,425,038 ₩ 358,420,805 ₩ 29,004,233 ₩ 20,817,431 ₩ 2,439,079 ₩ 2,428,154 KB Securities Co., Ltd. 1,2 47,816,512 43,131,858 4,684,654 8,053,363 257,893 261,639 KB Insurance Co., Ltd. 1,2 36,552,368 32,689,460 3,862,908 12,661,927 234,327 366,362 KB Kookmin Card Co., Ltd. 1 22,990,114 18,925,195 4,064,919 3,102,186 316,546 306,251 KB Asset Management Co., Ltd. 1 310,018 114,776 195,242 148,780 48,899 48,490 KB Capital Co., Ltd. 1,2 11,190,568 10,036,077 1,154,491 931,694 117,028 115,524 KB Life Insurance Co., Ltd. 1 9,801,905 9,186,567 615,338 1,506,417 15,963 63,107 KB Real Estate Trust Co., Ltd. 377,938 85,132 292,806 119,899 61,713 61,672 KB Savings Bank Co., Ltd. 1,361,032 1,148,625 212,407 92,435 16,301 15,433 KB Investment Co., Ltd. 1 756,972 542,221 214,751 99,822 11,311 11,310 KB Data System Co., Ltd. 41,690 20,999 20,691 158,067 4,664 4,282 KB Credit Information Co., Ltd. 27,834 12,936 14,898 38,278 (256 ) (337 ) December 31, 2020 2020 Assets Liabilities Equity Operating Profit (loss) Total (In millions of Korean won) Kookmin Bank 1 ₩ 438,444,114 ₩ 408,036,040 ₩ 30,408,074 ₩ 24,519,818 ₩ 2,298,195 ₩ 2,905,953 KB Securities Co., Ltd. 1,2 57,570,654 52,516,488 5,054,166 10,040,497 425,622 449,507 KB Insurance Co., Ltd. 1,2 39,078,117 35,086,458 3,991,659 13,735,778 163,884 129,042 KB Kookmin Card Co., Ltd. 1 24,071,644 19,789,958 4,281,686 3,210,581 324,662 308,148 Prudential Life Insurance Company of Korea Ltd. 2 25,121,656 22,681,729 2,439,927 656,062 55,711 (31,718 ) KB Asset Management Co., Ltd. 1 335,601 112,522 223,079 191,427 57,317 57,802 KB Capital Co., Ltd. 1,2 12,823,748 11,392,177 1,431,571 1,300,378 141,646 139,949 KB Life Insurance Co., Ltd. 10,424,916 9,842,789 582,127 1,897,859 (23,185 ) (33,210 ) KB Real Estate Trust Co., Ltd. 1 437,619 108,096 329,523 139,070 66,874 66,718 KB Savings Bank Co., Ltd. 1,883,720 1,658,116 225,604 104,397 17,305 16,197 KB Investment Co., Ltd. 1 848,693 618,552 230,141 128,014 15,387 15,390 KB Data System Co., Ltd. 40,347 23,024 17,323 149,966 (1,729 ) (3,367 ) KB Credit Information Co., Ltd. 27,711 11,773 15,938 39,767 1,132 1,040 1 Financial information is based on its consolidated financial statements. 2 Includes fair value adjustments arising from the acquisition. 41.4 The Characteristics of Risks Associated with Consolidated Structured Entities The terms of contractual arrangements to provide financial support to consolidated structured entities are as follows: 41.4.1 The Group has provided payment guarantees of ₩ 4,082,878 million to K plus 1st L.L.C and other subsidiaries. 41.4.2 The Group provides capital commitment to 23 subsidiaries including KB Sinansan Line Private Special Asset Fund (SOC). The unexecuted amount of the capital commitment is ₩ 1,046,516 million. Based on the capital commitment, the Group is subject to increase its investment upon the request of the asset management company or the additional agreement among investors. 41.4.3 The Group provides the guarantees of payment of principal, or principal and fixed rate of return in case the operating results of the trusts are less than the guaranteed principal, or principal and fixed rate of return. 41.5 Changes in Subsidiaries 41.5.1 Subsidiaries newly included in consolidation for the year ended December 31, 2020, are as follows: Company Reasons of obtaining control Prudential Life Insurance Company of Korea Ltd. and 27 others Holds more than a majority of the ownership interests KB Hwaseong 1st L.L.C. and 82 others Holds the power in the event of default and is exposed to significant variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt KB Global Infrastructure Synergy Private Special Asset Fund and 21 others Holds the power to determine the operation of the funds and is exposed to variable returns by holding significant amount of ownership interests KB Smart Scale Up Fund and 2 others Holds the power as a general partner and is exposed to variable returns by holding significant amount of ownership interests 41.5.2 Subsidiaries excluded from consolidation for the year ended December 31, 2020, are as follows: Company Reasons of losing control KBH the 3rd L.L.C and 60 others Termination of the commitments Sechste Casalog KG and 16 others Liquidation KB Contents Panda iMBC Contents Venture Fund and 5 others Disposal Hyundai Smart Index Alpha Securities Feeder Investment Trust No.1 and 27 others Decrease in ownership interests to less than majority |
Unconsolidated Structured Entit
Unconsolidated Structured Entities | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Unconsolidated Structured Entities Abstract [Abstract] | |
Disclosure Of Interests In Unconsolidated Structured Entities Explanatory | 42. Unconsolidated Structured Entities 42.1 Nature, purpose and activities of the unconsolidated structured entities and how the structured entities are financed, are as follows: Nature Purpose Activity Method of Financing Structured financing Granting PF loans to SOC and real estate Granting loans to ships/aircrafts SPC Construction of SOC and real estate Building ships, construction and purchase of aircrafts Loan commitments through credit line, providing credit line and investment agreements Investment funds Investment in beneficiary certificates Investment in PEF and partnerships Management of fund assets Payment of fund fees and allocation of fund profits Sales of beneficiary certificate instruments Investment from general partners and limited partners Trusts Management of financial trusts; —Development trust —General unspecified money trust —Trust whose principal is not guaranteed —Other trusts Management of trusted financial assets Payment of trust fees and allocation of trust profits. Sales of trusted financial assets Asset-backed securitization Early cash generation through transfer of securitized assets Fees earned through services to SPC, such as providing lines of credit and ABCP purchase commitments Fulfillment of asset-backed securitization plan Purchase and collection of securitized assets Issuance and repayment of ABS and ABCP Issuance of ABS and ABCP based on securitized assets 42.2 Details of scale of unconsolidated structured entities and nature of the risks associated with the Group’s interests in unconsolidated structured entities as of December 31, 2019 and 2020, are as follows: December 31, 2019 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 54,206,404 ₩ 180,236,568 ₩ 2,287,172 ₩ 99,012,931 ₩ 335,743,075 Carrying amount in the financial statements Assets Financial assets at fair value through profit or loss ₩ 132,685 ₩ 9,846,278 ₩ — ₩ 2,405,228 ₩ 12,384,191 Derivative financial assets — — — 2,959 2,959 Loans measured at amortized cost 4,775,723 293,221 266,974 920,863 6,256,781 Financial investments — — — 5,166,578 5,166,578 Investment in associates — 352,488 — — 352,488 Other assets 1,876 69,353 93,613 9,181 174,023 ₩ 4,910,284 ₩ 10,561,340 ₩ 360,587 ₩ 8,504,809 ₩ 24,337,020 Liabilities Deposits ₩ 523,086 ₩ 90,131 ₩ — ₩ 409,246 ₩ 1,022,463 Derivative financial liabilities — — — 228 228 Other liabilities 1,362 78 — 16,169 17,609 ₩ 524,448 ₩ 90,209 ₩ — ₩ 425,643 ₩ 1,040,300 Maximum exposure* Assets held ₩ 4,910,284 ₩ 10,561,340 ₩ 360,587 ₩ 8,504,809 ₩ 24,337,020 Purchase and investment commitments 38,650 3,980,356 — 945,598 4,964,604 Unused credit 654,203 2,900 28,427 1,927,902 2,613,432 Acceptances and guarantees and loan commitments 1,816,411 7,188 — 600,664 2,424,263 ₩ 7,419,548 ₩ 14,551,784 ₩ 389,014 ₩ 11,978,973 ₩ 34,339,319 Methods of determining the maximum exposure Loan Investments / Trust Providing December 31, 2020 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 56,200,300 ₩ 285,528,467 ₩ 1,984,006 ₩ 116,115,027 ₩ 459,827,800 Carrying amount in the financial statements Assets Financial assets at fair value through profit or loss ₩ 164,996 ₩ 11,151,958 ₩ — ₩ 2,308,917 ₩ 13,625,871 Derivative financial assets — — — 3,005 3,005 Loans measured at amortized cost 4,655,337 379,727 262,382 1,080,824 6,378,270 Financial investments — — — 7,849,054 7,849,054 Investment in associates — 396,953 — — 396,953 Other assets 2,572 3,257 91,297 16,363 113,489 ₩ 4,822,905 ₩ 11,931,895 ₩ 353,679 ₩ 11,258,163 ₩ 28,366,642 Liabilities Deposits ₩ 612,023 ₩ 26,839 ₩ — ₩ 344,221 ₩ 983,083 Derivative financial liabilities — — — 1,307 1,307 Other liabilities 8,422 97 1 13,736 22,256 ₩ 620,445 ₩ 26,936 ₩ 1 ₩ 359,264 ₩ 1,006,646 Maximum exposure* Assets held ₩ 4,822,905 ₩ 11,931,895 ₩ 353,679 ₩ 11,258,163 ₩ 28,366,642 Purchase and investment commitments — 5,650,847 — 761,200 6,412,047 Unused credit 1,322,414 — 18,287 3,020,084 4,360,785 Acceptances and guarantees and loan commitments 883,342 16,650 — 684,257 1,584,249 ₩ 7,028,661 ₩ 17,599,392 ₩ 371,966 ₩ 15,723,704 ₩ 40,723,723 Methods of determining the maximum exposure Loan Investments / Trust Providing * Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Transactions Between Related Parties Abstract [Abstract] | |
Disclosure Of Related Party Explanatory | 43. Related Party Transactions According to IAS No.24, the Group includes investments in associates, key management (including family members), and post-employment benefit plans of the Group and its related party companies in the scope of related parties. The Group discloses balances (receivables and payables) and other amounts arising from transactions with related parties in the notes to the consolidated financial statements. Refer to Note 13 for details of investments in associates and joint ventures. 43.1 2018 2019 2020 (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Fee and commission income ₩ 6,691 ₩ 6,743 ₩ 6,817 Korea Credit Bureau Co., Ltd. Interest expense 127 21 7 Fee and commission income 1,194 1,056 957 Insurance income — 3 5 Fee and commission expense 1,909 2,541 3,280 Other operating expense 4 — 1 KB GwS Private Securities Investment Trust Fee and commission income 851 851 853 Incheon Bridge Co., Ltd. Interest income 9,426 8,612 4,345 Interest expense 296 483 334 Fee and commission income 9 — 23 Fee and commission expense 2 7 6 Insurance income 365 284 279 Gains on financial instruments at fair value through profit or loss 2,655 4,975 899 Reversal of credit losses 6 5 — Provision for credit losses 1 1 472 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 Fee and commission income 210 178 12 Aju Good Technology Venture Fund Interest expense 30 22 18 KB Star Office Private Real Estate Investment Trust No.1 Interest income 370 370 371 Interest expense 93 208 61 Fee and commission income 435 435 436 RAND Bio Science Co., Ltd. Interest expense 3 5 11 Other non-operating — 843 — SY Auto Capital Co., Ltd. Interest income 1,279 1,016 1,097 Interest expense — 1 2 Fee and commission income 73 34 39 Fee and commission expense 840 389 132 Insurance income 33 32 40 Other operating income 621 689 1,709 Other operating expense 415 288 121 Reversal of credit losses — 13 17 Provision for credit losses 14 — — Food Factory Co., Ltd. Interest income 9 41 52 Interest expense — — 12 Insurance income 5 4 5 Fee and commission expense 1 12 4 Gains on financial instruments at fair value through profit or loss 30 60 72 Reversal of credit losses 1 — — Provision for credit losses 1 1 8 KB Pre IPO Secondary Venture Fund No.1 Interest expense 27 7 3 Fee and commission income 110 110 110 Built On Co., Ltd.* Interest income 4 1 — Insurance income 2 1 — Losses on financial instruments at fair value through profit or loss 1 — — KB Private Equity Fund No.3 Fee and commission income 521 480 463 Wise Asset Management Co., Ltd. Interest expense 9 2 — Acts Co., Ltd. Interest income — 1 1 Insurance income 2 1 — Gains on financial instruments at fair value through profit or loss — 30 — Losses on financial instruments at fair value through profit or loss 1,851 — — Other non-operating 1,246 — — Dongjo Co., Ltd. Insurance income 2 2 1 Reversal of credit losses 31 — — APRO Co., Ltd.* Interest income — 19 7 Interest expense 1 4 1 Fee and commission expense — 17 — Insurance income 5 4 1 Provision for credit losses — — 1 POSCO-KB Fee and commission income 490 490 387 Interest expense 81 — — Dae-A Interest expense 9 8 7 Paycoms Co., Ltd. Interest income 10 10 10 Insurance income 1 1 — Gains on financial instruments at fair value through profit or loss 125 125 69 Big Dipper Co., Ltd. Fee and commission expense — — 768 Reversal of credit losses 2 — — KB-KDBC Pre-IPO Interest expense 39 58 23 Fee and commission income 322 449 300 KB-TS Fee and commission income 305 730 126 KB-SJ Fee and commission income 314 422 338 JLK Inspection Co., Ltd.* Interest income 6 — — Interest expense — 1 — TESTIAN Inc.* Interest income 4 3 — Gains on financial instruments at fair value through profit or loss 83 — — Rainist Co., Ltd. Gains on financial instruments at fair value through profit or loss — — 1,636 Fee and commission income — 39 36 Fee and commission expense — — 5 Interest expense 2 — — Iwon Alloy Co., Ltd. Insurance income 1 2 1 Bioprotect Ltd. Losses on financial instruments at fair value through profit or loss — — 216 RMGP Bio-Pharma Fee and commission income — — 27 Other non-operating 10 33 — Gains on financial instruments at fair value through profit or loss — 947 — Losses on financial instruments at fair value through profit or loss — 2,120 489 RMGP Bio-Pharma Losses on financial instruments at fair value through profit or loss — — 1 KB-MDI Fee and commission income — — 308 Losses on financial instruments at fair value through profit or loss — — 322 S&E BIO Interest expense — — 1 Contents First Interest expense — — 14 December & Company Inc. Interest expense — — 1 GENINUS Inc. Interest expense — — 70 Hasys. Gains on financial instruments at fair value through profit or loss — 136 — Losses on financial instruments at fair value through profit or loss 136 — — Insurance income 4 50 63 KB-Brain Scale-up Interest expense 21 89 40 Fee and commission income 108 735 734 Spark Biopharma Inc.* Interest expense 25 59 — SKYDIGITAL INC. Fee and commission income — — 4 KB No.8 Special Purpose Acquisition Company* Interest expense 17 — — Losses on financial instruments at fair value through profit or loss 2,330 — — KB No.9 Special Purpose Acquisition Company* Interest expense 43 (23 ) — Gains on financial instruments at fair value through profit or loss 48 — — Losses on financial instruments at fair value through profit or loss 2,256 — — KB No.10 Special Purpose Acquisition Company* Interest expense 30 18 — Gains on financial instruments at fair value through profit or loss 121 3,066 — KB No.11 Special Purpose Acquisition Company* Interest expense 12 9 — Gains on financial instruments at fair value through profit or loss 56 118 — KB No.17 Special Purpose Acquisition Company Fee and commission income — 175 — Gains on financial instruments at fair value through profit or loss — 1,384 4 Interest expense — 28 25 KB No.18 Special Purpose Acquisition Company Fee and commission income — 263 — Gains on financial instruments at fair value through profit or loss — 1,898 84 Interest expense — 28 31 KB No.19 Special Purpose Acquisition Company Fee and commission income — 150 — Gains on financial instruments at fair value through profit or loss — 1,044 11 Interest expense — 8 13 KB No.20 Special Purpose Acquisition Company Fee and commission income — — 210 Gains on financial instruments at fair value through profit or loss — — 1,568 Interest expense — 3 25 KB SPROTT Renewable Private Equity Fund No.1 Fee and commission income — 490 488 KB-Stonebridge Fee and commission income — 1,444 1,442 COSES GT Losses on financial instruments at fair value through profit or loss — 5 — Interest income — — 6 Provision for credit losses — — 4 WJ Private Equity Fund No.1 Fee and commission income — — 5 UPRISE, Inc. Interest income — — 2 Provision for credit losses — — 1 CWhy Inc. Losses on financial instruments at fair value through profit or loss — — 2,000 Insurance income — 3 — Stratio, Inc. Interest expense — 1 — NEXELON Inc.* Interest expense — 2 — CellinCells Co., Ltd. Interest expense — 19 4 Bomapp Inc. Fee and commission expense — — 9 Interest expense — 1 — Insurance income — 1 8 KB Social Impact Investment Fund Fee and commission income — 121 300 KB-UTC Fee and commission income — — 371 KBSP Private Equity Fund No.4 Fee and commission income — — 480 KB-NAU Fee and commission income — — 237 JR GLOBAL REIT Fee and commission income — — 6,210 IGIS No.371 Professional Investors’ Real Estate Investment Company* Fee and commission income — — 200 Koreit Tower Real Estate Investment Trust Company* Fee and commission income — — 2,852 2020 KB Fintech Renaissance Fund Fee and commission income — — 60 KB Material and Parts No.1 PEF Fee and commission income — — 63 FineKB Private Equity Fund No.1 Fee and commission income — — 38 Bluepointpartners Inc. Losses on financial instruments at fair value through profit or loss — — 68 KB-Solidus Fee and commission income — 81 777 Fabric Time Co., Ltd. Fee and commission income — — 9 Interest expense — — 47 BNF Corporation Ltd.* Interest income — 7 401 Fee and commission income — — 2 Gains on financial instruments at fair value through profit or loss — 158 — Provision for credit losses — 1 8 KB Cape No.1 Private Equity Fund Fee and commission income — 97 144 ALS Co., Ltd.* Interest income — 194 — Keystone-Hyundai Securities No.1 Private Equity Fund Fee and commission income 116 90 115 MJT&I Corp. Insurance income — 1 — Doosung Metal Co., Ltd.* Insurance income 1 — — Hyundai-Tongyang Agrifood Private Equity Fund* Fee and commission income 151 — — Bungaejangter. Inc.* Interest income 60 — — Inno Lending Co., Ltd.* Fee and commission income 1 — — KoFC KBIC Frontier Champ 2010-5(PEF)* Fee and commission income 197 — — Other Retirement pension Fee and commission income 876 939 1,077 Interest expense 3 4 3 * Excluded from the Group’s related party as of December 31, 2020. Meanwhile, the Group purchased installment financial assets, etc. from SY Auto Capital Co., Ltd. amounting to ₩ 1,393,346 million and ₩ 1,504,217 million for the years ended December 31, 2019 and 2020, respectively. 43.2 December 31, December 31, (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Other assets ₩ 1,718 ₩ 1,733 Korea Credit Bureau Co., Ltd. Loans measured at amortized cost (gross amount) 43 36 Deposits 17,966 19,982 Provisions 1 — Insurance liabilities 2 1 Other liabilities — 623 KB GwS Private Securities Investment Trust Other assets 641 641 Incheon Bridge Co., Ltd. Financial assets at fair value through profit or loss 37,857 38,756 Loans measured at amortized cost (gross amount) 147,707 133,002 Allowances for credit losses 12 202 Other assets 520 545 Deposits 45,447 39,520 Provisions 10 292 Insurance liabilities 108 109 Other liabilities 346 205 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 Other assets 89 — Jungdo Co., Ltd. Deposits 4 4 Dongjo Co., Ltd. Insurance liabilities 1 1 Dae-A Deposits 753 636 Other liabilities 14 21 Aju Good Technology Venture Fund Deposits 5,456 3,093 Other liabilities 2 1 KB Star Office Private Real Estate Investment Trust No.1 Loans measured at amortized cost (gross amount) 10,000 10,000 Allowances for credit losses 4 5 Other assets 136 137 Deposits 8,293 4,255 Other liabilities 66 24 KB-Brain Scale-up Deposits 13,118 8,097 Other liabilities 4 1 WJ Private Equity Fund No.1 Other assets — 2 Deposits — 349 KB IGen Private Equity Fund No.1* Deposits 147 — KB Cape No.1 Private Equity Fund Financial assets at fair value through profit or loss 2,000 2,000 Other assets — 144 RAND Bio Science Co., Ltd. Deposits 4,452 693 Loans measured at amortized cost (gross amount) 1 1 SY Auto Capital Co., Ltd. Loans measured at amortized cost (gross amount) 41,990 40,060 Allowances for credit losses 4 57 Other assets 63 65 Deposits 8 6 Provisions 13 — Insurance liabilities 13 13 Other liabilities 70 76 Food Factory Co., Ltd. Financial assets at fair value through profit or loss 590 662 Loans measured at amortized cost (gross amount) 1,992 3,210 Allowances for credit losses 2 8 Other assets 1 3 Deposits 1,073 1,555 Provisions — 2 Insurance liabilities 4 5 Other liabilities 1 9 KB Pre IPO Secondary Venture Fund No.1 Deposits 2,955 629 Other liabilities 1 — Wise Asset Management Co., Ltd. Deposits 21 — Acts Co., Ltd. Deposits 1 18 Insurance liabilities — 1 Other liabilities 100 100 POSCO-KB Other assets — 264 Paycoms Co., Ltd. Other assets 1 1 Financial assets at fair value through profit or loss 1,157 1,226 Deposits 1 1 Big Dipper Co., Ltd. Loans measured at amortized cost (gross amount) 11 4 Deposits 6 1 KB-KDBC Pre-IPO Deposits 7,054 923 Other liabilities 4 — APRO Co., Ltd.* Loans measured at amortized cost (gross amount) 2,019 — Insurance liabilities 2 — Deposits 3,201 — Other liabilities 1 — Iwon Alloy Co., Ltd. Insurance liabilities 1 — Computerlife Co., Ltd. Deposits 1 — RMGP Bio-Pharma Financial assets at fair value through profit or loss 3,419 4,250 Other liabilities 2 71 RMGP Bio-Pharma Financial assets at fair value through profit or loss 8 9 Hasys. Financial assets at fair value through profit or loss 6,000 6,000 Deposits — 1 Insurance liabilities 37 39 SKYDIGITAL INC. Deposits 25 15 Rainist Co., Ltd. Financial assets at fair value through profit or loss 7,504 9,141 UPRISE, Inc. Financial assets at fair value through profit or loss 250 250 Loans measured at amortized cost (gross amount) — 500 Allowances for credit losses — 1 Deposits — 11 Stratio, Inc. Financial assets at fair value through profit or loss 1,000 1,000 Deposits 726 13 Honest Fund, Inc. Financial assets at fair value through profit or loss 3,999 3,999 CellinCells Co., Ltd. Financial assets at fair value through profit or loss 2,000 2,000 Loans measured at amortized cost (gross amount) 4 24 Deposits 1,545 260 Other liabilities 1 — Jo Yang Industrial Co., Ltd. Deposits 2 2 KB No.17 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 2,683 2,687 Deposits 1,742 1,711 Other liabilities 27 23 KB No.18 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 3,786 3,873 Deposits 2,140 2,101 Other liabilities 28 19 KB No.19 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 2,043 2,055 Deposits 1,093 1,053 Other liabilities 7 3 KB No.20 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 1,499 3,067 Deposits 1,984 1,716 Other liabilities 3 1 COSES GT Financial assets at fair value through profit or loss 2,930 4,930 Loans measured at amortized cost (gross amount) — 500 Allowances for credit losses — 4 Other assets — 1 Deposits — 292 Insurance liabilities — 1 CWhy Inc. Financial assets at fair value through profit or loss 2,000 — Bomapp Inc. Financial assets at fair value through profit or loss 1,999 1,999 Insurance liabilities 2 2 Channel Corporation Financial assets at fair value through profit or loss 2,000 4,551 MitoImmune Therapeutics Financial assets at fair value through profit or loss 5,000 5,000 KB-Solidus Other assets — 707 Bioprotect Ltd. Financial assets at fair value through profit or loss — 3,264 GOMI CORPORATION Financial assets at fair value through profit or loss — 500 Loans measured at amortized cost (gross amount) — 9 Deposits — 37 Copin Communications, Inc. Financial assets at fair value through profit or loss — 1,500 Go2joy Co., Ltd. Financial assets at fair value through profit or loss — 1,200 ClavisTherapeutics, Inc. Financial assets at fair value through profit or loss — 2,000 S&E BIO Financial assets at fair value through profit or loss — 2,000 Deposits — 1,142 Bluepointpartners Inc. Financial assets at fair value through profit or loss — 1,432 4N Inc. Financial assets at fair value through profit or loss — 200 Deposits — 76 Xenohelix Co., Ltd. Financial assets at fair value through profit or loss — 2,100 Contents First Financial assets at fair value through profit or loss — 6,146 Deposits — 1,823 Other liabilities — 7 KB-MDI Financial assets at fair value through profit or loss — 4,280 Other assets — 308 OKXE Inc. Financial assets at fair value through profit or loss — 800 GENINUS Inc. Financial assets at fair value through profit or loss — 5,599 Deposits — 13,630 Other liabilities — 15 FineKB Private Equity Fund No.1 Other assets — 38 NEOMIO CORP. Deposits — 535 December & Company Inc. Deposits — 1 KB Social Impact Investment Fund Other assets 73 — Fabric Time Co., Ltd. Financial assets at fair value through profit or loss 1,845 3,345 Loans measured at amortized cost (gross amount) — 59 Provisions — 1 Deposits 395 3,947 Other liabilities 2 40 BNF Corporation Ltd.* Financial assets at fair value through profit or loss 2,259 — Loans measured at amortized cost (gross amount) 1,400 — Other assets 2 — Deposits 947 — Other liabilities 6 — Key management Loans measured at amortized cost (gross amount) 3,538 5,153 Allowances for credit losses 1 2 Other assets 3 5 Deposits 15,339 17,167 Insurance liabilities 1,984 2,501 Other liabilities 289 371 Other Retirement pension Other assets 366 295 Other liabilities 17,620 10,600 * Excluded from the Group’s related party as of December 31, 2020, therefore, the remaining outstanding balances with those entities are not disclosed. 43.3 Significant lending transactions with related parties for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Increase Decrease Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 22 ₩ 43 ₩ (22 ) ₩ 43 Incheon Bridge Co., Ltd. 191,088 4,982 (10,506 ) 185,564 KB Star Office Private Real Estate Investment Trust No.1 10,000 — — 10,000 KB Cape No.1 Private Equity Fund — 2,000 — 2,000 RAND Bio Science Co., Ltd. 1 1 (1 ) 1 SY Auto Capital Co., Ltd. 48,356 28,088 (34,454 ) 41,990 Food Factory Co., Ltd. 730 1,872 (20 ) 2,582 Built On Co., Ltd.* 401 — (401 ) — Acts Co., Ltd. — 68 (68 ) — Paycoms Co., Ltd. 1,032 125 — 1,157 Big Dipper Co., Ltd. 5 11 (5 ) 11 APRO Co., Ltd.* — 2,019 — 2,019 JLK Inspection Co., Ltd.* 7,300 (7,300 ) — — TESTIAN Inc.* 615 24 (639 ) — RMGP Bio-Pharma 3,051 368 — 3,419 RMGP Bio-Pharma 4 4 — 8 Hasys. 5,864 136 — 6,000 Rainist Co., Ltd. 2,504 5,000 — 7,504 Spark Biopharma Inc.* 6,500 (6,500 ) — — UPRISE, Inc. 250 — — 250 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. — 3,999 — 3,999 CellinCells Co., Ltd. — 2,004 — 2,004 KB No.9 Special Purpose Acquisition Company* 2,481 — (2,481 ) — KB No.10 Special Purpose Acquisition Company* 2,025 — (2,025 ) — KB No.11 Special Purpose Acquisition Company* 737 — (737 ) — KB No.17 Special Purpose Acquisition Company — 2,683 — 2,683 KB No.18 Special Purpose Acquisition Company — 3,786 — 3,786 KB No.19 Special Purpose Acquisition Company — 2,043 — 2,043 KB No.20 Special Purpose Acquisition Company — 1,499 — 1,499 COSES GT — 2,930 — 2,930 CWhy Inc. — 2,000 — 2,000 Bomapp Inc. — 1,999 — 1,999 Channel Corporation — 2,000 — 2,000 MitoImmune Therapeutics — 5,000 — 5,000 Fabric Time Co., Ltd. — 1,845 — 1,845 BNF Corporation Ltd.* — 3,659 — 3,659 Key management 2,404 2,006 (872 ) 3,538 2020 Beginning Increase Decrease Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 43 ₩ 36 ₩ (43 ) ₩ 36 Incheon Bridge Co., Ltd. 185,564 901 (14,707 ) 171,758 Carlife Co., Ltd. — 22 (22 ) — KB Star Office Private Real Estate Investment Trust No.1 10,000 — — 10,000 KB Cape No.1 Private Equity Fund 2,000 — — 2,000 RAND Bio Science Co., Ltd. 1 1 (1 ) 1 SY Auto Capital Co., Ltd. 41,990 11,310 (13,240 ) 40,060 Food Factory Co., Ltd. 2,582 1,314 (24 ) 3,872 Acts Co., Ltd. — 74 (74 ) — Paycoms Co., Ltd. 1,157 69 — 1,226 Big Dipper Co., Ltd. 11 4 (11 ) 4 APRO Co., Ltd.* 2,019 2,000 (4,019 ) — RMGP Bio-Pharma 3,419 831 — 4,250 RMGP Bio-Pharma 8 1 — 9 Hasys. 6,000 — — 6,000 Rainist Co., Ltd. 7,504 1,637 — 9,141 UPRISE, Inc. 250 500 — 750 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. 3,999 — — 3,999 CellinCells Co., Ltd. 2,004 24 (4 ) 2,024 KB No.17 Special Purpose Acquisition Company 2,683 4 — 2,687 KB No.18 Special Purpose Acquisition Company 3,786 87 — 3,873 KB No.19 Special Purpose Acquisition Company 2,043 12 — 2,055 KB No.20 Special Purpose Acquisition Company 1,499 1,568 — 3,067 COSES GT 2,930 2,500 — 5,430 CWhy Inc. 2,000 — (2,000 ) — Bomapp Inc. 1,999 — — 1,999 Channel Corporation 2,000 2,551 — 4,551 MitoImmune Therapeutics 5,000 — — 5,000 Bioprotect Ltd. — 3,264 — 3,264 GOMI CORPORATION — 509 — 509 Copin Communications, Inc. — 1,500 — 1,500 Go2joy Co., Ltd. — 1,200 — 1,200 ClavisTherapeutics, Inc. — 2,000 — 2,000 S&E BIO — 2,000 — 2,000 Bluepointpartners Inc. — 1,432 — 1,432 4N Inc. — 200 — 200 Xenohelix Co., Ltd. — 2,100 — 2,100 Contents First — 6,146 — 6,146 KB-MDI — 4,280 — 4,280 Fabric Time Co., Ltd. 1,845 1,559 — 3,404 OKXE Inc. — 800 — 800 GENINUS Inc. — 5,599 — 5,599 BNF Corporation Ltd.* 3,659 1,000 (4,659 ) — Key management 3,538 5,141 (3,526 ) 5,153 * Excluded from the Group’s related party as of December 31, 2020. 43.4 Significant borrowing transactions with related parties for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 15,674 ₩ — ₩ (3,000 ) ₩ 5,292 ₩ 17,966 Incheon Bridge Co., Ltd. 43,666 25,260 (5,260 ) (18,219 ) 45,447 Doosung Metal Co., Ltd. 3 — — (3 ) — Jungdo Co., Ltd. 4 — — — 4 Dae-A 1,229 — — (476 ) 753 Carlife Co., Ltd. 2 — — (2 ) — Computerlife Co., Ltd. 1 — — — 1 SKYDIGITAL INC. 16 — — 9 25 Jo Yang Industrial Co., Ltd. — — — 2 2 Aju Good Technology Venture Fund 6,439 — — (983 ) 5,456 KB-KDBC Pre-IPO 7,088 15,000 (10,000 ) (5,034 ) 7,054 KB-Brain Scale-up 18,813 — — (5,695 ) 13,118 KB Star Office Private Real Estate Investment Trust No.1 7,946 5,018 (5,072 ) 401 8,293 SY Auto Capital Co., Ltd. 5 — — 3 8 KB No.9 Special Purpose Acquisition Company 2 2,275 — (2,266 ) (9 ) — KB No.10 Special Purpose Acquisition Company 2 1,666 — (1,618 ) (48 ) — KB No.11 Special Purpose Acquisition Company 2 658 — (530 ) (128 ) — KB No.17 Special Purpose Acquisition Company — 1,500 — 242 1,742 KB No.18 Special Purpose Acquisition Company — 2,200 (100 ) 40 2,140 KB No.19 Special Purpose Acquisition Company — 1,000 — 93 1,093 KB No.20 Special Purpose Acquisition Company — 1,500 — 484 1,984 RAND Bio Science Co., Ltd. 232 1,900 — 2,320 4,452 Wise Asset Management Co., Ltd. 696 — (682 ) 7 21 Built On Co., Ltd. 2 7 — — (7 ) — Food Factory Co., Ltd. 68 — — 1,005 1,073 Acts Co., Ltd. 29 — — (28 ) 1 Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. 182 — — (176 ) 6 APRO Co., Ltd. 2 2,201 — — 1,000 3,201 Rainist Co., Ltd. 1 — — (1 ) — Spark Biopharma Inc. 2 2,630 17,000 (9,000 ) (10,630 ) — Stratio, Inc. 516 — — 210 726 NEXELON Inc. 2 — — (200 ) 200 — CellinCells Co., Ltd. — — — 1,545 1,545 KB IGen Private Equity Fund No.1 2 148 — — (1 ) 147 KB Pre IPO Secondary Venture Fund No.1 1,115 — — 1,840 2,955 Fabric Time Co., Ltd. — — — 395 395 BNF Corporation Ltd. 2 — — — 947 947 Key management 13,818 13,520 (14,611 ) 2,611 15,338 2020 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 17,966 ₩ 1,000 ₩ — ₩ 1,016 ₩ 19,982 Incheon Bridge Co., Ltd. 45,447 20,000 (21,260 ) (4,667 ) 39,520 Jungdo Co., Ltd. 4 — — — 4 Dae-A 753 — — (117 ) 636 Computerlife Co., Ltd. 1 — — (1 ) — SKYDIGITAL INC. 25 — — (10 ) 15 Jo Yang Industrial Co., Ltd. 2 — — — 2 Aju Good Technology Venture Fund 5,456 1,442 — (3,805 ) 3,093 KB-KDBC Pre-IPO 7,054 1,500 (6,500 ) (1,131 ) 923 KB-Brain Scale-up 13,118 — — (5,021 ) 8,097 NEOMIO CORP. — — — 535 535 WJ Private Equity Fund No.1 — — — 349 349 KB Star Office Private Real Estate Investment Trust No.1 8,293 2,117 (5,630 ) (525 ) 4,255 SY Auto Capital Co., Ltd. 8 — — (2 ) 6 KB No.17 Special Purpose Acquisition Company 1,742 1,525 (1,500 ) (56 ) 1,711 KB No.18 Special Purpose Acquisition Company 2,140 2,063 (2,100 ) (2 ) 2,101 KB No.19 Special Purpose Acquisition Company 1,093 1,000 (1,000 ) (40 ) 1,053 KB No.20 Special Purpose Acquisition Company 1,984 1,522 (1,500 ) (290 ) 1,716 RAND Bio Science Co., Ltd. 4,452 2,250 (3,750 ) (2,259 ) 693 Wise Asset Management Co., Ltd. 21 — — (21 ) — Food Factory Co., Ltd. 1,073 1,503 (1,003 ) (18 ) 1,555 Acts Co., Ltd. 1 — — 17 18 Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. 6 — — (5 ) 1 APRO Co., Ltd. 2 3,201 — — (3,201 ) — Hasys. — — — 1 1 Stratio, Inc. 726 — — (713 ) 13 UPRISE, Inc. — — — 11 11 CellinCells Co., Ltd. 1,545 — — (1,285 ) 260 COSES GT — — — 292 292 Fabric Time Co., Ltd. 395 7,002 (3,801 ) 351 3,947 BNF Corporation Ltd. 2 947 — — (947 ) — GOMI CORPORATION — — — 37 37 S&E BIO — — — 1,142 1,142 KB IGen Private Equity Fund No.1 2 147 — — (147 ) — KB Pre IPO Secondary Venture Fund No.1 2,955 — — (2,326 ) 629 4N Inc. — — — 76 76 Contents First — 4,000 (3,000 ) 823 1,823 December & Company Inc. — — — 1 1 GENINUS Inc. — — — 13,630 13,630 Key management 15,338 21,319 (20,410 ) 920 17,167 1 Transactions between related parties, such as settlements arising from operating activities and deposits, are expressed in net amount. 2 Excluded from the Group’s related party as of December 31, 2020. 43.5 2019 2020 Equity Withdrawal Equity Withdrawal (In millions of Korean won) Balhae Infrastructure Company ₩ 592 ₩ 6,855 ₩ 894 ₩ 6,973 KB GwS Private Securities Investment Trust — 7,276 — 9,523 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 — — — 3,230 POSCO-KB 2,500 — 5,000 2,125 KB Pre IPO Secondary Venture Fund No.1 — — — 585 KB-KDBC Pre-IPO 5,000 — — 6,400 KB-SJ 1,500 — 1,500 — Korea Credit Bureau Co., Ltd. — 135 — 90 KB-UTC 450 — 16,965 — KB-Solidus 10,400 13,520 10,920 4,940 KB-Stonebridge 7,070 1,855 9,093 — WJ Private Equity Fund No.1 — — 10,000 — All Together Korea Fund No.2 — — 100,000 90,127 KB Star Office Private Real Estate Investment Trust No.1 — 1,275 — 1,273 KB SPROTT Renewable Private Equity Fund No.1 1,667 — 4,129 — KB-NAU — — 5,700 — JR GLOBAL REIT — — 219,493 3,639 IGIS No.371 Professional Investors’ Real Estate Investment Company* — — 10,000 10,000 Koreit Tower Real Estate Investment Trust Company* — — 30,000 30,000 Project Vanilla Co., Ltd. — — 2,450 — December & Company Inc. — — 30,000 — KB Social Impact Investment Fund 1,500 — 1,500 — 2020 KB Fintech Renaissance Fund — — 550 — KB Material and Parts No.1 PEF — — 3,400 — KB Private Equity Fund No.3 — — — 8,000 KoFC KBIC Frontier Champ 2010-5 — 138 — — KB-TS 7,840 2,240 2,240 5,488 KB-Brain Scale-up 14,000 — 8,000 3,200 KB Cape No.1 Private Equity Fund 2,000 — — — Aju Good Technology Venture Fund 1,960 — — 2,885 KB No.9 Special Purpose Acquisition Company* — 16 — — KB No.17 Special Purpose Acquisition Company 1 — — — KB No.18 Special Purpose Acquisition Company 1 — — — KB No.19 Special Purpose Acquisition Company 1 — — — KB No.20 Special Purpose Acquisition Company 1 — — — KBSP Private Equity Fund No.4 6,100 — — — * Excluded from the Group’s related party as of December 31, 2020. 43.6 December 31, 2019 December 31, 2020 (In millions of Korean won or in a Associates and joint ventures Balhae Infrastructure Company Purchase of securities ₩ 7,327 ₩ 6,433 Korea Credit Bureau Co., Ltd. Unused lines of credit for credit card 557 564 KB GwS Private Securities Investment Trust Purchase of securities 876 — Aju Good Technology Venture Fund Purchase of securities 1,154 — Incheon Bridge Co., Ltd. Loan commitments in Korean won 20,000 20,000 Unused lines of credit for credit card 93 98 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 Purchase of securities 12,550 — Commitments on loss absorption priority 10,000 14,980 SY Auto Capital Co., Ltd. Loan commitments in Korean won 8,100 — Unused lines of credit for credit card 60 90 Food Factory Co., Ltd. Loan commitments in Korean won — 388 Unused lines of credit for credit card 25 73 KB No.17 Special Purpose Acquisition Company Unused lines of credit for credit card — 441 KB No.18 Special Purpose Acquisition Company Unused lines of credit for credit card 15 15 KB No.19 Special Purpose Acquisition Company Unused lines of credit for credit card 1 — CellinCells Co., Ltd. Unused lines of credit for credit card 20 — RAND Bio Science Co., Ltd. Unused lines of credit for credit card 24 24 Big Dipper Co., Ltd. Unused lines of credit for credit card 89 96 Fabric Time Co., Ltd. Unused lines of credit for credit card — 7 KB Pre IPO Secondary Venture Fund No.1 Commitments on loss absorption priority 1,671 1,671 POSCO-KB Purchase of securities 5,000 — KB-TS Purchase of securities 5,936 3,696 KB-SJ Purchase of securities 2,000 500 KB-Brain Scale-up Purchase of securities 18,000 10,000 KB SPROTT Renewable Private Equity Fund No.1 Purchase of securities 22,833 18,704 KB-Stonebridge Purchase of securities 27,930 18,837 KB Social Impact Investment Fund Purchase of securities 3,000 1,500 BNF Corporation Ltd.* Loan commitments in Korean won 360 — APRO Co., Ltd.* Unused lines of credit for credit card 96 — KB-UTC Purchase of securities 22,050 5,085 KB-NAU Purchase of securities — 24,300 All Together Korea Fund No.2 Purchase of securities — 990,000 FineKB Private Equity Fund No.1 Purchase of securities — 25,000 KB-Solidus Purchase of securities 24,700 2,120 RMGP Bio-Pharma Purchase of securities USD 8,911,002 USD 7,796,423 RMGP Bio-Pharma Purchase of securities USD 13,150 USD 17,132 KB-MDI Purchase of securities — USD 13,537,500 Key management Loan commitments in Korean won 1,695 1,760 * Excluded from the Group’s related party as of December 31, 2020. 43.7 Details of compensation to key management for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 7,757 ₩ 418 ₩ 4,213 ₩ 12,388 Registered directors (non-executive) 960 — — 960 Non-registered 7,135 273 3,314 10,722 ₩ 15,852 ₩ 691 ₩ 7,527 ₩ 24,070 2019 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 8,540 ₩ 425 ₩ 7,434 ₩ 16,399 Registered directors (non-executive) 1,030 — — 1,030 Non-registered 9,157 360 7,510 17,027 ₩ 18,727 ₩ 785 ₩ 14,944 ₩ 34,456 2020 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 8,111 ₩ 672 ₩ 6,369 ₩ 15,152 Registered directors (non-executive) 1,133 — — 1,133 Non-registered 10,782 396 6,934 18,112 ₩ 20,026 ₩ 1,068 ₩ 13,303 ₩ 34,397 43.8 Assets pledged as collateral December 31, 2019 December 31, 2020 (In millions of Korean won) Associates KB Star Office Private Real Estate Investment Trust No.1 Real estate ₩ 13,000 ₩ 13,000 Key management Time deposits and others 192 213 Real estate 2,922 4,356 As of December 31, 2020, Incheon Bridge Co., Ltd., a related party, provides fund management account, civil engineering works insurance, and management and operations rights as senior collateral amounting to ₩ 611,000 million to the project financing group that consists of the Group and 5 other institutions, and as subordinated collateral amounting to ₩ 384,800 million to subordinated debt holders that consist of the Group and 2 other institutions. Also, it provides certificate of credit guarantee amounting to ₩ 400,000 million as collateral to the project financing group that consists of the Group and 5 other institutions. |
Business Combination
Business Combination | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Business Combinations Abstract [Abstract] | |
Disclosure Of Detailed Information About Business Combinations Explanatory | 44. Business Combination 44.1 Acquisition of Prudential Life Insurance Company of Korea Ltd. 44.1.1 General information On August 26, 2020, the Group obtained an approval from the Financial Services Commission to acquire Prudential Life Insurance Company of Korea Ltd. On August 31, 2020, the Group acquired 100 percent share in the subsidiary through purchase of shares and obtained control. The main purpose of the business combination is to improve competitiveness of life insurance business by including the acquiree into subsidiaries of the Group. 44.1.2 Identifiable assets acquired and liabilities assumed Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Cash ₩ 2,299,541 Total consideration transferred 2,299,541 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 574,204 Financial assets at fair value through profit or loss 503,853 Financial assets at fair value through other comprehensive income 7,195,958 Securities measured at amortized cost 10,064,300 Loans measured at amortized cost 759,869 Derivatives 389 Property and equipment 178,537 Intangible assets 1 10,382 Other assets 4,931,131 Total assets 24,218,623 Insurance liabilities 2 16,752,888 Derivatives 1,166 Other liabilities 5,019,961 Total liabilities 21,774,015 Total identifiable net assets ₩ 2,444,608 Non-controlling interests — Gain on a bargain purchase 3 145,067 1 Memberships, software, development costs and others were previously held by Prudential Life Insurance Company of Korea Ltd. 2 Separately measured VOBA (Value of Business Acquired) was adjusted by applying an indirect method of intrinsic value to the carrying amount of insurance liabilities of the acquiree. 3 As a result of the business combination, gain on a bargain purchase was recognized as other non-operating For the allocation of consideration, the Group measured the acquiree’s identifiable assets and liabilities at their fair value at the acquisition date. The fair value is measured at the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. If the value is not directly observed, it is estimated using an appropriate valuation technique. Details of intangible assets recognized as the result of the business combination are as follows: 2020 (In millions of VOBA 1 ₩ (2,807,162 ) Others 2 10,382 ₩ (2,796,780 ) 1 Negative VOBA was recognized and adjusted in the insurance liability. In accordance with IFRS No.4, an indirect method of intrinsic value is applied to the measurement of VOBA. VOBA is a similar concept to present value of in force business (PVIF) and present value of future profits (PVFP or PVP). The VOBA from intrinsic values is calculated through the actuarial model and cash flows that were originally used to calculate the embedded value of the insurance contracts. 2 Memberships, software, development costs and others were previously held by Prudential Life Insurance Company of Korea Ltd. 44.1.3 Expenses related to business combination The Group incurred expenses of ₩ 10,183 million, including legal fees and due diligence fees, in connection with the business combination, and these were recognized as fee and commission expenses in the consolidated statement of comprehensive income. 44.1.4 Others Operating income and net profit of Prudential Life Insurance Company of Korea Ltd. for the period after the acquisition date were ₩ 92,535 million and ₩ 55,711 million, respectively, which are reflected in the consolidated statement of comprehensive income. If Prudential Life Insurance Company of Korea Ltd. was consolidated from the beginning of the current period, its operating income and net profit to be reflected in the consolidated statement of comprehensive income would be ₩ 529,678 million and ₩ 386,864 million, respectively. 44.2 Acquisition of PRASAC Microfinance Institution Plc (PRASAC). On April 10, 2020, the Group acquired 161 million shares which is 70% of total 230 million shares in PRASAC, a microfinance company in Cambodia, for US$ 603 million from existing shareholders. Therefore, PRASAC became a subsidiary of the Group. The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Cash ₩ 733,976 Total consideration transferred 733,976 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 658,865 Loans measured at amortized cost 3,194,211 Financial investments 35 Property and equipment 24,472 Intangible assets 1,821 Current income tax assets 873 Deferred income tax assets 26,330 Other assets 37,325 Total assets 3,943,932 Deposits 2,222,944 Borrowings 1,038,684 Debentures 89,570 Current income tax liabilities 9,238 Deferred income tax liabilities 323 Other liabilities 101,696 Total liabilities 3,462,455 Total identifiable net assets ₩ 481,477 Non-controlling interests 1 144,443 Goodwill 2 396,942 1 Measured at the proportionate share (30%) of the fair value of PRASAC’s net assets as of the acquisition date. 2 As a result of the business combination, there was a goodwill and the Group recognized it as intangible assets in the consolidated statement of financial position. Details of loans acquired are as follows: 2020 (In millions of Acquiree’s carrying amount of loans ₩ 3,294,798 Present value of contractual cash flows not expected to be paid (100,587 ) Fair value of loans ₩ 3,194,211 The Group has signed an agreement with the existing shareholders of PRASAC. The existing shareholders have the right of put option to sell 30% of the remaining shares to the Group, and they are entitled to exercise their rights at the exercise price calculated on the basis of the adjusted book value of net asset as of 2021 year-end, Amount of the recognized liabilities and deducted equity in relation to the above agreement with shareholders are as follows: 2020 (In millions of Agreement with shareholders (purchase of remaining shares and payment of dividends) Other payables (present value of exercising price of options) ₩ 308,236 Other payables (present value of expected dividends) 102,986 ₩ 411,222 Attributable to ordinary equity holders of the Parent Company (capital surplus) (411,222 ) Operating income and net profit of PRASAC for the period after the acquisition date were ₩ 147,571 million and ₩ 118,339 million, respectively, which are reflected in the consolidated statement of comprehensive income, and the amount attributed to net profit to shareholders of the Parent Company is ₩ 82,837 million. If PRASAC was consolidated from the beginning of the current period, its operating income and net profit to be reflected in the consolidated statement of comprehensive income would be ₩ 183,735 million and ₩ 147,383 million, respectively and the amount that would have been attributed to net profit to shareholders of the Parent Company is ₩ 103,168 million. 44.3 Acquisition of PT Bank Bukopin TBK At the Board of Directors meeting held on July 16, 2020, the Group has decided to acquire additional ordinary shares of PT Bank Bukopin TBK, the Group’s associate, which operates a banking business in Indonesia, through issuance of shares in the form of an allotment to shareholders (1 st nd Accordingly, the Group acquired 2,967,600,372 ordinary shares for IDR 534,168,066,960 (₩ 43,909 million) from issuance of shares in the form of an allotment to shareholders (1 st nd paid-in The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Fair value of existing shares at the time of exchange ₩ 78,446 Cash (=16,360,578,947shares x 190 IDR) 252,722 Total consideration transferred 331,168 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 300,424 Financial assets at fair value through profit or loss 3,960 Derivative assets 130 Loans measured at amortized cost 4,256,209 Financial investments 469,625 Property and equipment 280,197 Intangible assets 99,085 Deferred income tax assets 25,350 Assets held for sale 183,642 Other assets 272,775 Total assets 5,891,397 Deposits 4,253,557 Borrowings 838,142 Debentures 141,806 Provisions 3,522 Net defined benefit liabilities 15,141 Other liabilities 276,336 Total liabilities 5,528,504 Total identifiable net assets ₩ 362,893 Non-controlling interests 1 120,945 Goodwill 2 89,220 1 The sum of the existing non-controlling interests 2 As a result of the business combination, there was a goodwill and the Group recognized it as intangible assets in the consolidated statement of financial position. Details of loans acquired are as follows: 2020 (In millions of Acquiree’s carrying amount of loans ₩ 5,053,321 Present value of contractual cash flows not expected to be paid (797,112 ) Fair value of loans ₩ 4,256,209 In 2020, the Group measured 33.90% shares of PT Bank Bukopin TBK, which the Group held before the business combination, at fair value, and recognized ₩ 30,277 million as gain on investment in associates in the consolidated statement of comprehensive income. Operating loss and net loss of PT Bank Bukopin TBK for the period after the acquisition date were ₩ 61,051 million and ₩ 43,402 million, respectively, which are reflected in the consolidated statement of comprehensive income, and the amount attributed to net loss to shareholders of the Parent Company is ₩ 29,223 million. If PT Bank Bukopin TBK was consolidated from the beginning of the current period, its operating loss and net loss to be reflected in the consolidated statement of comprehensive income would be ₩ 190,584 million and ₩ 146,227 million, respectively and the amount that would have been attributed to net loss to shareholders of the Parent Company is ₩ 97,981 million. Details of intangible assets recognized as a result of business combinations are as follows: 2020 (In millions Core deposits 1 ₩ 95,477 Others 2 3,608 ₩ 99,085 1 It is an identifiable intangible asset and reflects the fair value of financing costs saved through stable relationships with saving customers. 2 Software and other intangible assets which were previously held by PT Bank Bukopin TBK. 44.4 Acquisition of PT. Finansia Multi Finance On July 3, 2020, the Group acquired 80 percent share in PT. Finansia Multi Finance, which is engaged in financial services in Indonesia, and obtained control. The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Cash ₩ 89,689 Total consideration transferred 89,689 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 24,150 Loans measured at amortized cost 191,039 Property and equipment 13,837 Intangible assets 13,409 Other assets 17,587 Total assets 260,022 Borrowings 146,588 Debentures 46,865 Other liabilities 19,233 Total liabilities 212,686 Total identifiable net assets ₩ 47,336 Non-controlling interests 1 9,467 Goodwill 2 51,820 1 Measured at the proportionate share (20%) of the fair value of PT. Finansia Multi Finance’s net assets as of the acquisition date. 2 As a result of the business combination, there was a goodwill and the Group recognized it as intangible assets in the consolidated statement of financial position. The Group incurred expenses of ₩ 1,064 million and ₩ 1,623 million for the 2020 and 2019, respectively, including legal fees and due diligence fees, in connection with the business combination, and these were recognized as fee and commission expenses in the consolidated statement of comprehensive income. Operating loss and net loss of PT. Finansia Multi Finance for the period after the acquisition date were ₩ 4,432 million and ₩ 3,456 million, respectively, which are reflected in the consolidated statement of comprehensive income. If PT. Finansia Multi Finance was consolidated from the beginning of the current period, its operating loss and net loss to be reflected in the consolidated statement of comprehensive income would be ₩ 26,166 million and ₩ 19,187 million, respectively and the amount that would have been attributed to net loss to shareholders of the Parent Company is ₩ 15,349 million. |
Approval Of Issuance Of The Con
Approval Of Issuance Of The Consolidated Financial Statements | 12 Months Ended |
Dec. 31, 2020 | |
Authorisation Of Financial Statements Abstract | |
Disclosure Of Authorisation Of Financial Statements Explanatory | 45. Approval of Issuance of the Consolidated Financial Statements The Group’s consolidated financial statements as of and for the year ended December 31, 2020 was certified by management on April 27, 2021. |
Parent Company Information
Parent Company Information | 12 Months Ended |
Dec. 31, 2020 | |
Condensed financial information of parent company only disclosure [Abstract] | |
Condensed Financial Information Of Parent Company Only Disclosure Text Block | 46. Parent Company Information The following tables present the Parent Company Only financial information: Condensed Statements of Financial Position December 31, December 31, (In millions of Korean won) Assets Cash and due from financial institutions ₩ 18,537 ₩ 23,084 Financial assets at fair value through profit or loss 413,909 474,262 Loans at amortized cost 120,000 179,542 Investments in subsidiaries* Banking subsidiaries 14,821,721 14,821,721 Nonbanking subsidiaries. 9,340,395 11,698,159 Other assets 632,074 911,723 Total assets ₩ 25,346,636 ₩ 28,108,491 Liabilities and shareholders’ equity Borrowings ₩ — ₩ 100,000 Debentures 5,543,446 6,128,043 Other liabilities 621,291 894,828 Shareholders’ equity 19,181,899 20,985,620 Total liabilities and shareholders’ equity ₩ 25,346,636 ₩ 28,108,491 * Investments in subsidiaries were accounted at cost method in accordance with IAS No.27. Condensed Statements of Comprehensive Income 2018 2019 2020 (In millions of Korean won) Income Dividends from subsidiaries ₩ 1,089,556 ₩ 926,934 ₩ 1,573,411 Interest from subsidiaries 5,710 3,618 3,519 Other income 20,940 22,709 22,749 Total income 1,116,206 953,261 1,599,679 Expense Interest expense 122,451 126,065 132,437 Non-interest 65,027 80,355 87,876 Total expense 187,478 206,420 220,313 Profit before income tax expense 928,728 746,841 1,379,366 Income tax benefit (expense) (2,823 ) (854 ) 49 Profit for the year 925,905 745,987 1,379,415 Other comprehensive loss for the year, net of tax (1,911 ) (520 ) (368 ) Total comprehensive income for the year ₩ 923,994 ₩ 745,467 ₩ 1,379,047 * The condensed statements of comprehensive income for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. Condensed Statements of Cash Flows 2018 2019 2020 (In millions of Korean won) Operating activities Net income ₩ 925,905 ₩ 745,987 ₩ 1,379,415 Reconciliation of net income (loss) to net cash provided by operating activities: Other operating activities, net (1,243 ) (274 ) 9,930 Net cash inflow from operating activities 924,662 745,713 1,389,345 Investing activities Net payments to subsidiaries — (100,000 ) (2,347,543 ) Other investing activities, net (43,554 ) (200,609 ) (146,477 ) Net cash outflow from investing activities (43,554 ) (300,609 ) (2,494,020 ) Financing activities Net decrease in borrowings (164 ) (298,321 ) 100,000 Increases in debentures 897,872 1,037,656 1,537,091 Repayments of debentures and lease liabilities (688,486 ) (868,723 ) (940,610 ) Issuance of hybrid securities — 399,085 1,296,693 Cash dividends paid (766,728 ) (766,249 ) (883,952 ) Acquisition of treasury shares (224,700 ) (274,317 ) — Net cash inflow (outflow) from financing activities (782,206 ) (770,869 ) 1,109,222 Net increase(decrease) in cash and cash equivalents 98,902 (325,765 ) 4,547 Cash and cash equivalents at January 1 245,397 344,299 18,534 Cash and cash equivalents at December 31 ₩ 344,299 ₩ 18,534 ₩ 23,081 * The condensed statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Significant Accounting Polici_2
Significant Accounting Policies(Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies Abstract [Abstract] | |
Description Of Accounting Policy For Consolidation | 3.1 Consolidation 3.1.1 Subsidiaries Subsidiaries are companies that are 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. Also, the existence and effects of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls the investee. Subsidiaries are fully consolidated from the date when control is transferred to the Group and de-consolidated If a subsidiary uses accounting policies other than those adopted in the consolidated financial statements for like transactions and events in similar circumstances, appropriate adjustments are made to that subsidiary’s financial statements in preparing the consolidated financial statements to ensure conformity with the Group’s accounting policies. Profit or loss and each component of other comprehensive income are attributed to the owners of the Parent Company and to the non-controlling non-controlling non-controlling Transactions with non-controlling non-controlling When the Group loses control, any investment retained in the former subsidiary is recognized at its fair value at the date when control is lost, with the resulting difference recognized in profit or loss. This fair value will be the fair value on initial recognition of a financial asset in accordance with IFRS No.9 or, when appropriate, the cost on initial recognition of an investment in an associate or joint venture. In addition, all amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted on the same basis as would be required if the Group had directly disposed of the related assets or liabilities. Therefore, amounts previously recognized in other comprehensive income are reclassified to profit or loss. The Group accounts for each business combination by applying the acquisition method. The consideration transferred is measured at fair value, and identifiable assets acquired, and liabilities and contingent liabilities assumed in a business combination are initially measured at acquisition-date fair values. For each business combination, the Group measures non-controlling In a business combination achieved in stages, the Group shall remeasure its previously held equity interest in the acquiree at its acquisition-date fair value and recognize the resulting gain or loss, if any, in profit or loss or other comprehensive income, as appropriate. In prior reporting periods, the Group may have recognized changes in the value of its equity interest in the acquiree in other comprehensive income. If so, the amount that was recognized in other comprehensive income shall be reclassified as profit or loss, or retained earnings, on the same basis as would be required if the Group had disposed directly of the previously held equity interest. The Group applies the book amount method to account for business combinations of entities under a common control. Identifiable assets acquired and liabilities assumed in a business combination are measured at their book amounts on the consolidated financial statements of the Group. In addition, the difference between (a) the sum of consolidated net book amounts of the assets and liabilities transferred and accumulated other comprehensive income and (b) the consideration paid is recognized as capital surplus. 3.1.2 Associates and joint ventures Associates are entities over which the Group has significant influence over the financial and operating policy decisions. Generally, if the Group holds 20% or more of the voting power of the investee, it is presumed that the Group has significant influence. Joint ventures are investments in which the Group jointly controls over economic activities pursuant to contractual arrangement. Decisions about financial and operating policies require unanimous consent of the parties sharing control. Investments in associates and joint ventures are initially recognized at cost and equity method is applied after initial recognition. The carrying amount is increased or decreased to recognize the Group’s share of the profit or loss of the investee and changes in the investee’s equity after the date of acquisition. Distributions received from an investee reduce the carrying amount of the investment. Unrealized gains and losses resulting from transactions between the Group and associates are eliminated to the extent of the Group’s share in associates. If unrealized losses are indication of an impairment loss that which should be recognized in the consolidated financial statements, those losses are recognized for the period. If associates and joint ventures use accounting policies other than those of the Group for like transactions and events in similar circumstances, if necessary, adjustments shall be made to make the associates’ accounting policies conform to those of the Group when the associates’ financial statements are used by the Group in applying the equity method. If the Group’s share of losses of associates and joint ventures equals or exceeds its interest in the associates (including long-term interests that, in substance, form part of the Group’s net investment in the associate), the Group discontinues recognizing its share of further losses. After the Group’s interest is reduced to zero, additional losses are provided for, and a liability is recognized, only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the associates. The Group determines at each reporting period whether there is any objective evidence that the investments in the associates are impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associates and its carrying value and recognizes the amount as non-operating 3.1.3 Structured entity A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. When the Group decides whether it has power over the structured entities in which the Group has interests, it considers factors such as the purpose, the form, the substantive ability to direct the relevant activities of a structured entity, the nature of its relationship with a structured entity and the amount of exposure to variable returns. 3.1.4 Funds management The Group manages and operates trust assets, collective investment and other funds on behalf of investors. These trusts and funds are not consolidated, except for trusts and funds over which the Group has control. 3.1.5 Intragroup transactions Intragroup balances, income, expenses and any unrealized gains and losses resulting from intragroup transactions are eliminated in full, in preparing the consolidated financial statements. If unrealized losses are indication of an impairment loss which should be recognized in the consolidated financial statements, those losses are recognized for the period. |
Description Of Accounting Policy For Foreign Currency Translation Explanatory | 3.2 Foreign Currency 3.2.1 Foreign currency transactions A foreign currency transaction is recorded, at initial recognition in the functional currency, by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated using the closing rate which is the spot exchange rate at the end of the reporting period. Non-monetary non-monetary Except for the exchange difference for the net investment in a foreign operation and the financial liability designated as a hedging instrument of net investment, exchange differences arising on the settlement of monetary items or on translating monetary items is recognized in profit or loss. When gain or loss on a non-monetary non-monetary 3.2.2 Foreign operations The results and financial position of a foreign operation, whose functional currency differs from the Group’s presentation currency, are translated into the Group’s presentation currency based on the following procedures. If the functional currency of a foreign operation is not the currency of a hyperinflationary economy, assets and liabilities for each statement of financial position presented (including comparatives) are translated at the closing rate at the end of the reporting period, income and expenses for each statement of comprehensive income presented (including comparatives) are translated using the average exchange rates for the period. All resulting exchange 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 are treated as assets and liabilities of the foreign operation. Thus, they are expressed in the functional currency of the foreign operation and are translated into the presentation currency at the closing rate. On the disposal of a foreign operation, the cumulative amount of the exchange differences relating to that foreign operation, recognized in other comprehensive income and accumulated in the separate component of equity, is reclassified from equity to profit or loss (as a reclassification adjustment) when the gain or loss on disposal is recognized. On the partial disposal of a subsidiary that includes a foreign operation, the Group re-attributes non-controlling 3.2.3 Translation of the net investment in a foreign operation A monetary item that is receivable from or payable to a foreign operation, for which settlement is neither planned nor likely to occur in the foreseeable future is, in substance, a part of the Group’s net investment in that foreign operation, then foreign currency difference arising from that monetary item is recognized in the other comprehensive income and shall be reclassified to profit or loss on disposal of the net investment. |
Description Of Accounting Policy For Financial Instruments Explanatory | 3.3 Recognition and Measurement of Financial Instruments 3.3.1 Initial recognition The Group recognizes a financial asset or a financial liability in its consolidated statement of financial position when the Group becomes party to the contractual provisions of the instrument. A regular way purchase or sale of financial assets (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned) is recognized and derecognized using trade date accounting. For financial reporting purpose, the Group classifies (a) financial assets as financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, or financial assets at amortized cost and (b) financial liabilities as financial liabilities at fair value through profit or loss, or other financial liabilities. These classifications are based on business model for managing financial instruments and the contractual cash flow characteristics of the financial instrument at initial recognition. At initial recognition, a financial asset or financial liability is measured at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. The fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The fair value of a financial instrument on initial recognition is normally the transaction price (that is, the fair value of the consideration given or received) in an arm’s length transaction. 3.3.2 Subsequent measurement After initial recognition, financial instruments are measured at amortized cost or fair value based on classification at initial recognition. 3.3.2.1 Amortized cost The amortized cost of a financial asset or financial liability is the amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. 3.3.2.2 Fair value The Group uses quoted price in active market which is based on listed market price or dealer price quotations of financial instruments traded in active market as best estimate of fair value. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. If there is no active market for a financial instrument, fair value is determined either by using a valuation technique or independent third-party valuation service. Valuation techniques include using recent arm’s length market transactions between knowledgeable and willing parties, if available, referencing to the current fair value of another instrument that is substantially the same, discounted cash flow analysis and option pricing models. The Group uses valuation models that are commonly used by market participants and customized for the Group to determine fair values of common over-the-counter In addition, the fair value information recognized in the consolidated statement of financial position is classified into the following fair value hierarchy, reflecting the significance of the input variables used in the fair value measurement. Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Group can access at the measurement date Level 2 : Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly Level 3 : Unobservable inputs for the asset or liability 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. For this purpose, the significance of an input is assessed against the fair value measurement in its entirety. If a fair value measurement uses observable inputs that require significant adjustment using unobservable inputs, that measurement is a Level 3 measurement. If the valuation technique does not reflect all factors which market participants would consider in pricing the asset or liability, the fair value is adjusted to reflect those factors. Those factors include counterparty credit risk, bid-ask The Group uses valuation technique which maximizes the use of market inputs and minimizes the use of entity-specific inputs. It incorporates all factors that market participants would consider in pricing the asset or liability and is consistent with economic methodologies applied for pricing financial instruments. Periodically, the Group calibrates the valuation technique and tests its validity using prices of observable current market transactions of the same instrument or based on other relevant observable market data. 3.3.3 Derecognition Derecognition is the removal of a previously recognized financial asset or financial liability from the consolidated statement of financial position. The derecognition criteria for financial assets and financial liabilities are as follows: 3.3.3.1 Derecognition of financial assets A financial asset is derecognized when the contractual rights to the cash flows from the financial assets expire or the Group transfers substantially all the risks and rewards of ownership of the financial asset, or the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset and the Group has not retained control. Therefore, if the Group does not transfer substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the financial asset to the extent of its continuing involvement in the financial asset. If the Group transfers the contractual rights to receive the cash flows of the financial asset but retains substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the transferred asset in its entirety and recognize a financial liability for the consideration received. The Group writes off a financial asset when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. In general, the Group considers write-off write-off write-off, written-off written-off 3.3.3.2 Derecognition of financial liabilities A financial liability is derecognized from the consolidated statement of financial position when it is extinguished (i.e. the obligation specified in the contract is discharged, canceled or expires). 3.3.4 Offsetting A financial asset and a financial liability is offset and the net amount is presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the recognized amounts and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on a future event and must be legally enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Group and all of the counterparties. |
Description Of Accounting Policy For Cash and Due from Financial Institutions | 3.4 Cash and Due from Financial Institutions Cash and due from financial institutions include cash on hand, foreign currency, and short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and due from financial institutions. Cash and due from financial institutions are measured at amortized cost. |
Description Of Accounting Policy For Non-derivative Financial Assets Explanatory | 3.5 Non-derivative 3.5.1 Financial assets at fair value through profit or loss Financial assets are classified as financial assets at fair value through profit or loss unless they are classified as financial assets at amortized cost or at fair value through other comprehensive income. The Group may designate certain financial assets upon initial recognition as at fair value through profit or loss when the designation eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as ‘an accounting mismatch’) that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. After initial recognition, a financial asset at fair value through profit or loss is measured at fair value and gains or losses arising from a change in fair value are recognized in profit or loss. Interest income using the effective interest method and dividend income from financial asset at fair value through profit or loss are also recognized in profit or loss. 3.5.2 Financial assets at fair value through other comprehensive income The Group classifies below financial assets as financial assets at fair value through other comprehensive income; • Debt instruments that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding and; • Equity instruments that are not held for short-term trading but held for strategic investment, and designated as financial assets at fair value through other comprehensive income After initial recognition, a financial asset at fair value through other comprehensive income is measured at fair value. Gains or losses arising from a change in fair value, other than dividend income, interest income calculated using the effective interest method and exchange differences arising on monetary items which are recognized directly in profit or loss, are recognized as other comprehensive income in equity. When the financial assets at fair value through other comprehensive income is disposed, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. However, cumulative gain or loss of equity instrument designated as fair value through other comprehensive income is reclassified to retained earnings not to profit or loss at disposal. A financial asset at fair value through other comprehensive income denominated in foreign currency is translated at the closing rate. Exchange difference resulting from change in amortized cost is recognized in profit or loss, and other changes are recognized in equity. 3.5.3 Financial assets at amortized cost A financial asset, which is held within the business model whose objective is achieved by collecting contractual cash flows, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding, is classified as a financial asset at amortized cost. After initial recognition, a financial asset at amortized cost is measured at amortized cost using the effective interest method and interest income is calculated using the effective interest method. |
Description Of Accounting Policy For Expected Credit Loss of Financial Assets Explanatory | 3.6 Expected Credit Loss of Financial Assets (Debt Instruments) The Group recognizes a loss allowance for expected credit losses at the end of the reporting period for financial assets at amortized cost and fair value through other comprehensive income except for financial asset at fair value through profit or loss. Expected credit losses are estimated at present value of probability-weighted amount that is determined by evaluating a range of possible outcomes. The Group measures expected credit losses by reflecting all reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions and forecasts of future economic conditions. The approaches of measuring expected credit losses in accordance with IFRS are as follows: • General approach: for financial assets and unused loan commitments not subject to the below 2 approaches • Simplified approach: for trade receivables, contract assets and lease receivables • Credit-impaired approach: for financial assets that are credit-impaired at the time of acquisition Application of general approach is differentiated depending on whether credit risk has increased significantly after initial recognition. If the credit risk on a financial instrument has not increased significantly since initial recognition, the Group measures the loss allowance for that financial instrument at an amount equal to 12-month The Group assesses whether the credit risk has increased significantly using the following information, and if one or more of the following conditions are met, it is deemed as significant increase in credit risk. Information of more than 30 days overdue is applied to all subsidiaries, and other information is applied selectively considering specific indicators of each subsidiary or additionally considering specific indicators of each subsidiary. If the contractual cash flows on a financial asset have been renegotiated or modified, the Group assesses whether the credit risk has increased significantly using the same following information. • More than 30 days past due • Decline in credit rating at period end by more than certain notches as compared to that at initial recognition • Subsequent managing ratings below certain level in the early warning system • Debt restructuring (except for impaired financial assets) and • Credit delinquency information of Korea Federation of Banks, etc. Under simplified approach, the Group always measures the loss allowance at an amount equal to lifetime expected credit losses. Under credit-impaired approach, the Group only recognizes the cumulative changes in lifetime expected credit losses since initial recognition as a loss allowance for purchased or originated credit-impaired financial assets. In assessing credit impairment, the Group uses definition of default as in the new Basel Accord which rules calculation of Capital Adequacy Ratio. The Group generally considers the loan to be credit-impaired if one or more of the following conditions are met: • 90 days or more past due • Legal proceedings related to collection • A borrower registered on the credit management list of Korea Federation of Banks • A corporate borrower with the credit rating C or D • Refinancing • Debt restructuring, etc. 3.6.1 Forward-looking information The Group uses forward-looking information, when it assesses whether the credit risk has increased significantly and measures the expected credit losses. The Group assumes the risk components have a certain correlation with the economic cycle and uses statistical methodologies to estimate the relation between key macroeconomic variables and risk components for the expected credit losses. The correlation between the major macroeconomic variables and the credit risk are as follows: Key macroeconomic variables Correlation between the major macroeconomic Domestic GDP growth rate (-) Composite stock index (-) Construction investment change rate (-) Rate of change in housing transaction price index (-) Interest rate spread (+) Private consumption growth rate (-) Change of call rate compared to the last year (%p) (+) Household loan change rate (-) Forward-looking information used in calculation of expected credit losses is based on the macroeconomic forecasts utilized by the management of the Group for its business plan considering reliable external agency’s forecasts and others. The forward-looking information is generated by KB Research with comprehensive approach to capture the possibility of various economic forecast scenarios that are derived from the internal and external viewpoints of the macroeconomic situation. The Group determines the macroeconomic variables to be used in forecasting future condition of the economy, considering the direction of the forecast scenario and the significant relationship between macroeconomic variables and time series data. And there are some changes compared to the macroeconomic variables used in the previous year. In order to reflect additional credit risk for financial assets whose industries are highly affected by COVID-19, 3.6.2 Measuring expected credit losses on financial assets at amortized cost The expected credit losses of financial assets at amortized cost are measured as present value of the difference between the contractual cash flows that are due to the Group under the contract and the cash flows that the Group expects to receive. The Group estimates expected future cash flows for financial assets that are individually significant. The Group selects the individually significant financial assets by comprehensively considering quantitative and qualitative factors (such as debt restructuring or negative net assets, etc.) among financial assets with the credit risk has increased significantly or credit-impaired(individual assessment of impairment). For financial assets that are not individually significant, the Group collectively estimates expected credit loss by grouping loans with homogeneous credit risk profile (collective assessment of impairment). 3.6.2.1 Individual assessment of impairment Individual assessment of impairment losses is calculated using management’s best estimate on present value of expected future cash flows. The Group uses all the available information including financial condition of the borrower such as operating cash flow and net realizable value of any collateral held. 3.6.2.2 Collective assessment of impairment Collective assessment of impairment losses is performed by using a methodology based on historical loss experience and reflecting forward-looking information. Such process incorporates factors such as type of collateral, product and borrowers, credit rating, size of portfolio and recovery period and applies Probability of Default (“PD”) on a group of assets and Loss Given Default (“LGD”) by type of recovery method. Also, the expected credit loss model involves certain assumptions to determine input based on loss experience and forward-looking information. These models and assumptions are periodically reviewed to reduce gap between loss estimate and actual loss experience. The lifetime expected credit loss is measured by applying the PD to the carrying amount calculated by deducting the expected principal repayment amount from the carrying amount as of the reporting date and the LGD adjusted to reflect changes in the carrying amount. 3.6.3 Measuring expected credit losses on financial assets at fair value through other comprehensive income The Group measures expected credit losses on financial assets at fair value through other comprehensive income in a manner that is consistent with the requirements that are applicable to financial assets measured at amortized cost. However, the loss allowance is recognized in other comprehensive income. Upon disposal or repayment of financial assets at fair value through other comprehensive income, the amount of the loss allowance is reclassified from other comprehensive income to profit or loss. |
Description Of Accounting Policy For Derivative Financial Instruments Explanatory | 3.7 Derivative Financial Instruments The Group enters into numerous derivative financial instrument contracts such as currency forwards, interest rate swaps, currency swaps and others for trading purposes or to manage its exposures to fluctuations in interest rates and currency exchange, amongst others. The Group’s derivative operations focus on addressing the needs of the Group’s corporate clients to hedge their risk exposure and to hedge the Group’s risk exposure that results from such client contracts. These derivative financial instruments are presented as derivative financial instruments in the consolidated financial statements irrespective of transaction purpose and subsequent measurement requirement. The Group designates certain derivatives as hedging instruments to hedge the risk of changes in fair value of a recognized asset or liability or of an unrecognized firm commitment (fair value hedge) and the risk of changes in cash flow (cash flow hedge). The Group designates certain derivatives and non-derivatives At the inception of the hedging relationship, there is formal designation and documentation of the hedging relationship and the Group’s risk management objective and strategy for undertaking the hedge. This documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged, the inception date of hedging relationship and how the Group will assess the hedging instrument’s effectiveness in offsetting the exposure to changes in the hedged item’s fair value or cash flows attributable to the hedged risk. Derivatives are initially recognized at fair value. After initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. 3.7.1 Derivative financial instruments held for trading All derivative financial instruments, except for derivatives that are designated and qualify for hedge accounting, are measured at fair value. Gains or losses arising from changes in fair value are recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss. 3.7.2 Derivative financial instruments for fair value hedges If derivatives are designated and qualify for a fair value hedge, changes in fair value of the hedging instrument and changes in fair value of the hedged item attributable to the hedged risk are recognized in profit or loss as part of other operating income and expenses. If the hedged items are equity instruments for which the Group has elected to present changes in fair value in other comprehensive income, changes in fair value of the hedging instrument and changes in fair value of the hedged item attributable to the hedged risk are recognized in other comprehensive income. Fair value hedge accounting is discontinued prospectively if the hedging instrument expires or is sold, terminated or exercised, or the hedging relationship ceases to meet the qualifying criteria. Once fair value hedge accounting is discontinued, the adjustment to the carrying amount of a hedged item is amortized to profit or loss by the maturity of the financial instrument using the effective interest method. 3.7.3 Derivative financial instruments for cash flow hedges The effective portion of changes in fair value of derivatives that are designated and qualify as cash flow hedges is recognized in other comprehensive income, limited to the cumulative change in fair value (present value) of the hedged item (the present value of the cumulative change in the hedged expected future cash flows) from inception of the hedge. The ineffective portion is recognized in profit or loss as other operating income or expense. The associated gains or losses that were previously recognized in other comprehensive income are reclassified from equity to profit or loss (other operating income or expense) as a reclassification adjustment in the same period or periods during which the hedged forecast cash flows affect profit or loss. Cash flow hedge accounting is discontinued prospectively if the hedging instrument expires or is sold, terminated or exercised, or the hedging relationship ceases to meet the qualifying criteria. When the cash flow hedge accounting is discontinued, the cumulative gains or losses on the hedging instrument that have been recognized in other comprehensive income are reclassified to profit or loss over the period in which the forecast transaction occurs. If the forecast transaction is no longer expected to occur, the cumulative gains or losses that have been recognized in other comprehensive income are immediately reclassified to profit or loss. 3.7.4 Derivative and non-derivative If derivatives and non-derivatives 3.7.5 Embedded derivatives An embedded derivative is separated from the host contract and accounted for as a derivative if, and only if, (a) the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract, (b) a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative and (c) the hybrid contract contains a host that is not a financial asset and is not designated as at fair value through profit or loss. Gains or losses arising from a change in fair value of an embedded derivative separated from the host contract are recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss. 3.7.6 Day one gains or losses If the Group uses a valuation technique that incorporates unobservable inputs for the fair value of the OTC derivatives at initial recognition, there may be a difference between the transaction price and the amount determined using that valuation technique. In these circumstances, the difference is not recognized in profit or loss but deferred and amortized using the straight-line method over the life of the financial instrument. If the fair value is subsequently determined using observable inputs, the remaining deferred amount is recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss or other operating income and expenses. |
Description Of Accounting Policy For Property Plant And Equipment Explanatory | 3.8 Property and Equipment 3.8.1 Recognition and measurement All property and equipment that qualify for recognition as an asset are measured at cost and subsequently carried at its cost less any accumulated depreciation and any accumulated impairment losses. The cost of property and equipment includes 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. Subsequent expenditures are capitalized only when they prolong the useful life or enhance values of the assets but the costs of the day-to-day 3.8.2 Depreciation Land is not depreciated, whereas other property and equipment are depreciated using the method that reflects the pattern in which the asset’s future economic benefits are expected to be consumed by the Group. The depreciable amount of an asset is determined after deducting its residual value. Each part of an item of property and equipment with a cost that is significant in relation to the total cost of the item is depreciated separately. The depreciation methods and estimated useful lives of property and equipment are as follows: Property and equipment Depreciation method Estimated useful lives Buildings Straight-line 20~40 years Leasehold improvements Declining-balance/ Straight-line 4~15 years Equipment and vehicles Declining-balance/ Straight-line 3~15 years The residual value, the useful life and the depreciation method applied to an asset are reviewed at each financial year-end |
Description Of Accounting Policy For Investment Property Explanatory | 3.9 Investment Properties 3.9.1 Recognition and measurement Properties held to earn rentals or for capital appreciation or both are classified as investment properties. Investment properties are measured initially at their cost and subsequently the cost model is used. 3.9.2 Depreciation Land is not depreciated, whereas other investment properties are depreciated using the method that reflects the pattern in which the asset’s future economic benefits are expected to be consumed by the Group. The depreciable amount of an asset is determined after deducting its residual value. The depreciation method and estimated useful lives of investment properties are as follows: Investment properties Depreciation method Estimated useful lives Buildings Straight-line 20~40 years The residual value, the useful life and the depreciation method applied to an asset are reviewed at each financial year-end |
Description Of Accounting Policy For Intangible Assets And Goodwill Explanatory | 3.10 Intangible Assets Intangible assets are measured initially at cost and subsequently carried at their cost less any accumulated amortization and any accumulated impairment losses. Intangible assets, except for goodwill and membership rights, are amortized using the straight-line method or declining-balance method with no residual value over their estimated useful economic life since the asset is available for use. Intangible assets Amortization method Estimated useful lives Industrial property rights Straight-line 3 ~ 19 years Software Straight-line 3 ~ 5 years VOBA Declining-balance 30, 60 years Others Straight-line / Declining-balance 1 ~ 13 years The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at each financial year-end. 3.10.1 Value of business acquired (“VOBA”) In case of acquisition of insurance company, the Group recognized the difference amount as VOBA in intangible assets, if the fair value of the acquired insurance liability is less than the carrying amount based on the acquiree’s accounting policy, and in the opposite case, the difference amount is recognized as negative VOBA and included in premium reserve. VOBA is an estimated present value of future cash flow of insurance contracts at the acquisition date. VOBA is amortized over the above estimated useful lives using declining balance method, and the depreciation is recognized as insurance expense. 3.10.2 Goodwill 3.10.2.1 Recognition and measurement Goodwill related to business combinations before January 1, 2010, is stated at its carrying amount, which was recognized under the Group’s previous accounting policy, prior to the transition to IFRS. Goodwill acquired from business combinations after January 1, 2010, is initially measured as the excess of cost of the business combination over the fair value of net identifiable assets acquired and liabilities assumed. If the fair value of net identifiable assets acquired and liabilities assumed exceeds cost of business combination, the difference is recognized in profit or loss. For each business combination, the Group decides at the acquisition date whether the non-controlling non-controlling Acquisition-related costs incurred to effect a business combination are charged to expenses in the periods in which the costs are incurred and the services are received, except for the costs to issue debt or equity securities. 3.10.2.2 Additional acquisitions of non-controlling Additional acquisitions of non-controlling 3.10.2.3 Subsequent measurement Goodwill is not amortized and is stated at cost less accumulated impairment losses. However, goodwill that forms part of the carrying amount of an investment in associates is not separately recognized and an impairment loss recognized is not allocated to any asset, including goodwill, which forms part of the carrying amount of the investment in the associates. 3.10.3 Subsequent expenditure Subsequent expenditure is capitalized only when it enhances values of the assets. Internally generated intangible assets, such as goodwill and trade name, are not recognized as assets but expensed as incurred. |
Description Of Accounting Policy For Impairment Of Nonfinancial Assets Explanatory | 3.11 Impairment of Non-financial The Group assesses at the end of each reporting period whether there is any indication that a non-financial (c) non-current The recoverable amount is estimated for the individual asset. If it is not possible to estimate the recoverable amount of the individual asset, the Group determines the recoverable amount of the cash-generating unit to which the asset belongs. A cash-generating unit 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 is the higher of its fair value less costs to sell and its value in use. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit that are discounted by a pre-tax If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss and recognized immediately in profit or loss. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units that is expected to benefit from the synergies of the combination. The impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. The Group assesses at the end of each reporting period whether there is any indication that an impairment loss recognized in prior periods for an asset, other than goodwill, may no longer exist or may have decreased, and an impairment loss recognized in prior periods for an asset other than goodwill shall be reversed if, and only if, there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss cannot exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. |
Description Of Accounting Policy For Non-current Assets Held For Sale Explanatory | 3.12 Non-current A non-current non-current A non-current Impairment loss is recognized for any initial or subsequent write-down of the asset (or disposal group) to fair value less costs to sell. Gain is recognized for any subsequent increase in fair value less costs to sell of an asset, but not in excess of the cumulative impairment loss that has been recognized. |
Description Of Accounting Policy For Financial Liabilities | 3.13 Financial Liabilities The Group classifies financial liabilities into financial liabilities at fair value through profit or loss or other financial liabilities in accordance with the substance of the contractual arrangement and the definitions of financial liabilities. The Group recognizes financial liabilities in the consolidated statement of financial position when the Group becomes a party to the contractual provisions of the financial liability. 3.13.1 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 at initial recognition. After initial recognition, financial liabilities at fair value through profit or loss are measured at fair value, and changes therein are recognized in profit or loss. At initial recognition, transaction costs that are directly attributable to the acquisition are recognized in profit or loss as incurred. In relation to securities lending or borrowing transactions, when the Group borrows securities from the Korea Securities Depository and others, these transactions are managed as off-balance In addition, the change in fair value of the financial liability that is attributable to change in the credit risk of that liability, the Group presents this change in other comprehensive income, and does not recycle this to profit or loss in accordance with IFRS No.9. However, if this treatment creates or enlarges an accounting mismatch, the Group recognizes this change in profit or loss. 3.13.2 Other financial liabilities Non-derivative In case an asset is sold under repurchase agreement, the Group continues to recognize the asset with the amount sold being accounted for as borrowing. The Group derecognizes a financial liability from the consolidated statement of financial position only when it is extinguished (i.e. when the obligation specified in the contract is discharged, canceled or expires). |
Description Of Accounting Policy For Insurance Contracts | 3.14 Insurance Contracts KB Insurance Co., Ltd., KB Life Insurance Co., Ltd. and Prudential Life Insurance Company of Korea Ltd., the subsidiaries of the Group, issue insurance contracts. Insurance contracts are defined as “a contract under which one party (the insurer) accepts significant insurance risk from another party by agreeing to compensate the policyholder if a specified uncertain future event adversely affects the policyholder”. A contract that qualifies as an insurance contract remains an insurance contract until all rights and obligations are extinguished or expire. Such a contract that does not contain significant insurance risk is classified as an investment contract and is within the scope of IFRS No.9 Financial Instruments Insurance Contracts 3.14.1 Insurance premiums The Group recognizes collected premiums as revenue on the due date of collection of premiums from insurance contracts and the collected premium which is not earned at the end of the reporting period is recognized as unearned premium. 3.14.2 Insurance liabilities The Group recognizes a liability for future claims, refunds, policyholders’ dividends and related expenses as follows: 3.14.2.1 Premium reserve Premium reserve refers to an amount based on the net premium method for payment of future claims with respect to events covered by insurance policies which have not yet occurred as of the reporting period. It is calculated as the greater of the amount using standard interest rate and standard loss ratio defined by Financial Supervisory Services and the amount using the actual underlying data that have been used in premium calculation. 3.14.2.2 Reserve for outstanding claims Reserve for outstanding claims refers to the amount not yet paid, out of an amount to be paid or expected to be paid with respect to the insured events which have arisen as of the end of each fiscal year. 3.14.2.3 Unearned premium reserve Reserve for the insurance premiums that are due during the reporting period but not earned at the end of the period. 3.14.2.4 Reserve for dividend to policyholders Reserve for dividend to policyholders including dividend of interest rate differential, rate of risk differential and business expenses differential is recognized for the purpose of provisioning for policyholders’ dividends in the future in accordance with statutes or insurance terms and conditions. 3.14.3 Liability adequacy test The Group conducts a liability adequacy test for all contracts to which IFRS No.4 Insurance Contracts Future cash flows from long-term insurance are discounted at interest rate scenario, which is risk-free rate scenario adjusted by liquidity premium, whereas future cash flows from general insurance are not discounted to present value. In case of insurance premium and unearned premium reserves, all future cash flows such as payment of claims, administration expenses and premium received from policyholders are considered for the liability adequacy test. And in case of reserve for outstanding claims, the adequacy of individually assessed payment of claims is tested by applying models that are considered appropriate for claim development trend among various statistical methods. 3.14.4 Deferred acquisition costs The Group recognizes acquisition cost incurred by the long-term insurance contract as an asset and amortizes it evenly over the premium payment period. If the premium payment period exceeds seven years, the amortization period shall be seven years. If the insurance contract is surrendered or lapsed due to payment overdue, the remaining balances of deferred acquisition cost are fully amortized in the period in which the contract is surrendered or lapsed. |
Description Of Accounting Policy For Provisions Explanatory | 3.15 Provisions Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of a past event and 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 provisions, and where the effect of the time value of money is material, the amount of provisions is the present value of the expenditures expected to be required to settle the obligation. Provisions for confirmed and unconfirmed acceptances and guarantees, and unused credit lines of consumer and corporate loans are recognized using a valuation model that applies the credit conversion factor, probability of default, and loss given default. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provisions are reversed. An onerous contract is a contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfill it. If the Group has a contract that is onerous, the present obligation under the contract is recognized and measured as provisions. |
Description Of Accounting Policy For Financial Guarantee Contracts Explanatory | 3.16 Financial Guarantee Contracts A financial guarantee contract requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the original or modified terms of a debt instrument. Financial guarantee contracts are initially recognized at fair value and classified as other liabilities and are amortized over the contractual term. After initial recognition, financial guarantee contracts are measured at the higher of: • The amount determined in accordance with IFRS No.9 Financial Instruments • The amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with IFRS No.15 Revenue from Contracts with Customers. |
Description Of Accounting Policy For Equity Instrument Issued by the Group Explanatory | 3.17 Equity Instrument Issued by the Group An equity instrument is any contract or agreement that evidences a residual interest in the assets of an entity after deducting all of its liabilities. 3.17.1 Ordinary shares Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or the exercise of stock option are deducted from the equity, net of any tax effects. 3.17.2 Hybrid securities The financial instruments can be classified as either financial liabilities or equity in accordance with the terms of the contract. The Group classifies hybrid securities as an equity if the Group has the unconditional right to avoid any contractual obligation to deliver financial assets such as cash in relation to the financial instruments. However, hybrid securities issued by subsidiaries are classified as non-controlling non-controlling 3.17.3 Treasury shares If the Group acquires its own equity instruments, these are accounted for as treasury shares and are deducted directly from equity. No gains or losses are recognized in profit or loss on the purchase, sale, issue or retirement of own equity instruments. If an entity within the Group acquires and retains treasury shares, the consideration paid or received is directly recognized in equity. 3.17.4 Compound financial instruments A compound financial instrument is classified as a financial liability or an equity instrument depending on the substance of the contractual arrangement of such financial instrument. The liability component of the compound financial instrument is measured at fair value of the similar liability without conversion option at initial recognition and subsequently measured at amortized cost using effective interest method until it is extinguished by conversion or matured. Equity component is initially measured at fair value of compound financial instrument in its entirety less fair value of liability component net of tax effect and it is not remeasured subsequently. |
Description Of Accounting Policy For Recognition Of Revenue | 3.18 Revenue Recognition The Group recognizes revenues in accordance with the following steps determined in accordance with IFRS No.15 Revenue from Contracts with Customers • Step 1: Identify the contract with a customer. • Step 2: Identify the performance obligations in the contract. • Step 3: Determine the transaction price. • Step 4: Allocate the transaction price to the performance obligations in the contract. • Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. 3.18.1 Interest income and expense Interest income and expense on debt securities at fair value through profit or loss (excluding beneficiary certificates, equity investments and other debt instruments), loans, financial instruments at amortized cost and debt securities at fair value through other comprehensive income, are recognized in the consolidated statement of comprehensive income using the effective interest method in accordance with IFRS No.9 Financial Instruments The effective interest rate is the rate that exactly discounts estimated future cash receipts or payments through the expected life of the financial instrument or, where appropriate, a shorter period, to the gross carrying amount of a financial asset or to the amortized cost of a financial liability. When calculating the effective interest rate, the Group estimates expected cash flows by considering all contractual terms of the financial instrument but does not consider expected credit losses. The calculation includes all fees and points paid (main components of effective interest rate only) or received between parties to the contract that are an integral part of the effective interest rate, transaction costs, and all other premiums or discounts. In those rare cases when it is not possible to estimate reliably the cash flows and the expected life of a financial instrument, the Group uses the contractual cash flows over the full contractual term of the financial instrument. Interest income on impaired financial assets is recognized using the rate of interest used to discount the expected cash flows for the purpose of measuring the impairment loss. Interest income on debt securities at fair value through profit or loss is also classified as interest income in the consolidated statement of comprehensive income. 3.18.2 Fee and commission income The Group recognizes financial service fees in accordance with the purpose of charging the fees and the accounting standards of the financial instrument related to the fees earned. 3.18.2.1 Fees that are an integral part of the effective interest of a financial instrument Such fees are generally treated as adjustments of effective interest. Such fees may include compensation for activities such as evaluating the borrower’s financial condition, evaluating and recording guarantees, collateral and other security arrangements, negotiating the terms of the instrument, preparing and processing documents and closing the transaction and origination fees received on issuing financial liabilities at amortized cost. However, fees relating to the creation or acquisition of a financial instrument at fair value through profit or loss are recognized as revenue immediately. 3.18.2.2 Fees related to performance obligations satisfied over time The Group transfers control of a good or service over time, therefore, recognizes revenue related to performance obligations satisfied over the period of performance obligations. Fees which can be earned through the certain periods, including asset management fees, consignment business fees, etc. are recognized over the period of performance obligations. 3.18.2.3 Fees related to performance obligations satisfied at a point in time Fees earned at a point in time are recognized as revenue when a customer obtains controls of a promised good or service and the Group satisfies a performance obligation. Commission on negotiation or participation in negotiation for the third party such as trading stocks or other securities, arranging merger and acquisition of business, is recognized as revenue when the transaction has been completed. A syndication arrangement fees recognized as revenue when the syndication has been completed, if the Group arranges a loan and retains no part of the loan package for itself (or retains a part at the same effective interest rate for comparable risk as other participants). 3.18.3 Net gains or losses on financial instruments at fair value through profit or loss Net gains or losses on financial instruments at fair value through profit or loss (including changes in fair value, dividends, and gains or losses from foreign currency translation) include gains and losses from following financial instruments: • Gains or losses relating to financial instruments at fair value through profit or loss (excluding interest income using the effective interest rate) • Gains or losses relating to derivatives for trading (including derivatives for hedging purpose but do not qualify for hedge accounting) 3.18.4 Dividend income Dividend income is recognized in profit or loss when the right to receive payment is established. Dividend income is recognized as net gains or losses on financial instruments at fair value through profit or loss or other operating income depending on the classification of equity securities. |
Description Of Accounting Policy For Employee Compensation and Benefits Explanatory | 3.19 Employee Compensation and Benefits 3.19.1 Post-employment benefits: 3.19.1.1 Defined contribution plans When an employee has rendered service to the Group during a period, the Group recognizes the contribution payable to a defined contribution plan in exchange for that service as post-employment benefits for the period. 3.19.1.2 Defined benefit plans All post-employment benefits, other than defined contribution plans, are classified as defined benefit plans. The amount recognized as a net defined benefit liability is the present value of the defined benefit obligation less the fair value of plan assets at the end of the reporting period. The present value of the defined benefit obligation is calculated annually by independent actuaries using the Projected Unit Credit method. The rate used to discount post-employment benefit obligations is determined by reference to market yields at the end of the reporting period on high quality corporate bonds. The currency and term of the corporate bonds are consistent with the currency and estimated term of the post-employment benefit obligations. Actuarial gains and losses resulted from changes in actuarial assumptions and experience adjustments are recognized in other comprehensive income. When the total of the present value of the defined benefit obligation minus the fair value of plan assets results in an asset, it is recognized to the extent of the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan. Past service cost is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting from the introduction or changes to a defined benefit plan. Such past service cost is immediately recognized as an expense for the period. 3.19.2 Short-term employee benefits Short-term employee benefits are employee benefits that are expected to be settled wholly before twelve months after the end of the annual reporting period in which the employees render the related service. When an employee has rendered 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 as an expense for the period. The expected cost of profit-sharing and bonus payments is recognized as liabilities when the Group has a present legal or constructive obligation to make payments as a result of past events, such as service rendered by employees, and a reliable estimate of the obligation can be made. 3.19.3 Share-based payment The Group has provided its directors and employees with stock grants, mileage stocks and long-term share-based payments programs. When stock grants are exercised, the Group can either select to distribute newly issued shares or treasury shares or compensate in cash based on the share price. When mileage stocks and long-term share-based payments are exercised, the Group pays the amount equivalent to share price of KB Financial Group Inc. in cash. For a share-based payment transaction in which the terms of the arrangement provide the Group with the choice of whether to settle in cash or by issuing equity instruments, the Group accounts for the transaction in accordance with the requirements applying to cash-settled share-based payment transactions because the Group determines that it has a present obligation to settle in cash because the Group has a past practice and a stated policy of settling in cash. Therefore, the Group measures the liability incurred as consideration for the service, at fair value and recognizes related expense and accrued expense over the vesting periods. For mileage stocks and long-term share-based payments program, the Group accounts for the transaction in accordance with the requirements applying to cash-settled share-based payment transactions, which are recognized as expense and accrued expenses at the time of vesting. Until the liability is settled, the Group remeasures the fair value of the liability at the end of each reporting period and at the date of settlement, with any changes in fair value recognized in profit or loss as share-based payments. 3.19.4 Termination benefits Termination benefits are payable when employment is terminated by the Group before the normal retirement date, or an employee’s decision to accept an offer of benefits in exchange for the termination of employment. The Group recognizes a liability and expense for termination benefits at the earlier of the following dates; when the Group can no longer withdraw the offer of those benefits and when the Group recognizes costs for a restructuring that is within the scope of IAS No.37 and involves the payment of termination benefits. If the termination benefits are not expected to be settled wholly before twelve months after the end of the annual reporting period, then the termination benefits are discounted to present value. |
Description Of Accounting Policy For Income Tax Explanatory | 3.20 Income Tax Expenses Income tax expense comprises current tax expense and deferred income tax expense. Current and deferred income tax are recognized as income or expense and included in profit or loss for the period, except to the extent that the tax arises from (a) a transaction or event which is recognized, in the same or a different period, outside profit or loss, either in other comprehensive income or directly in equity and (b) a business combination. 3.20.1 Current income tax Current income tax is the amount of income tax payable in respect of the taxable profit (loss) for the period. A difference between the taxable profit and accounting profit may arise when income or expense is included in accounting profit in one period but is included in taxable profit in a different period. Differences may also arise if there is revenue that is exempt from taxation, or expense that is not deductible in determining taxable profit (loss). Current income tax liabilities for the current and prior periods are measured using the tax rates that have been enacted or substantively enacted by the end of the reporting period. The Group offsets current income tax assets and current income tax liabilities if, and only if, the Group (a) has a legally enforceable right to set off the recognized amounts and (b) intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. 3.20.2 Deferred income tax Deferred income tax is recognized, using the asset-liability method, on temporary differences arising between the tax-based The Group recognizes a deferred tax liability for all taxable temporary differences associated with investments in subsidiaries, associates, and joint ventures, except to the extent 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 carrying amount of a deferred income tax asset is reviewed at the end of each reporting period. The Group reduces the carrying amount of a deferred income tax asset 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 income tax asset to be utilized. Deferred income 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 income tax liabilities and deferred income 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. The Group offsets deferred income tax assets and deferred income tax liabilities if, and only if the Group has a legally enforceable right to set off current income tax assets against current income tax liabilities and the deferred income tax assets and the deferred income tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current income tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred income tax liabilities or assets are expected to be settled or recovered. 3.20.3 Uncertain tax positions Uncertain tax positions arise from tax treatments applied by the Group which may be challenged by the tax authorities due to the complexity of the transaction or different interpretation of the tax laws, a claim for rectification brought by the Group, an appeal for a refund claimed from the tax authorities related to additional assessments or a tax investigation by the tax authorities. The Group recognizes its uncertain tax positions in the consolidated financial statements in accordance with IAS No.12 and IFRIC No.23. The income tax asset is recognized if a tax refund is probable for taxes paid and levied by the tax authority, and the amount to be paid as a result of the tax investigation and others is recognized as the current tax payable. However, additional dues on tax paid or refund are recognized in accordance with IAS No.37 because those are, in substance, interest and penalty. |
Description Of Accounting Policy For Earnings Per Share Explanatory | 3.21 Earnings per Share The Group calculates basic earnings per share amounts and diluted earnings per share amounts for profit or loss attributable to ordinary equity holders of the Parent Company and presents them in the consolidated statement of comprehensive income. Basic earnings per share is calculated by dividing profit or loss attributable to ordinary equity holders of the Parent Company by the weighted average number of ordinary shares outstanding during the period. For the purpose of calculating diluted earnings per share, the Group adjusts profit or loss attributable to ordinary equity holders of the Parent Company, and the weighted average number of shares outstanding, for the effects of all dilutive potential ordinary shares including convertible bonds and share options. |
Description Of Accounting Policy For Leases Explanatory | 3.22 Lease The Group as a lessor recognizes lease payments from operating leases as income on a straight-line basis over the lease term. Initial direct costs incurred in obtaining an operating lease are added to the carrying amount of the underlying asset and recognized as expense over the lease term on the same basis as lease income. The respective leased assets are included in the consolidated statement of financial position based on their nature. A lessee is required to recognize a right-of-use Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in-substance • Variable lease payment that are depend on an index or a rate • Amounts expected to be payable by the lessee under residual value guarantees • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined. If that rate cannot be readily determined, the lessee’s incremental borrowing rate is used, which is the rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use Right-of-use • The amount of the initial measurement of the lease liability • Any lease payments made at or before the commencement date, less any lease incentives received • Any initial direct costs incurred by the lessee, and • An estimate of restoration costs However, the Group can elect not to apply the requirements of IFRS No.16 to short-term lease (lease that, at the commencement date, has a lease term of 12 months or less) and leases for which the underlying asset is of low value (for example, underlying leased asset under $ 5,000). The right-of-use right-of-use For sale and leaseback transactions, the Group applies the requirements of IFRS No.15 Revenue from Contracts with Customers |
Description Of Accounting Policy For Operating Segment Reporting Explanatory | 3.23 Operating Segments The Group identifies its operating segments based on internal reports which are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance. Segment information includes items which are directly attributable and reasonably allocated to the segment. |
Description Of Accounting Policy For Overlay Approach Explanatory | 3.24 Overlay Approach The Group applies the overlay approach in accordance with IFRS No.4 and a financial asset is eligible for designation for the overlay approach if, and only if, the following criteria are met: • It is measured at fair value through profit or loss applying IFRS No.9 but would not have been measured at fair value through profit or loss in its entirety applying IAS No.39 and • It is not held in respect of an activity that is unconnected with contracts within the scope of IFRS No.4. The Group reclassifies between profit or loss and other comprehensive income, and the amount reclassified is equal to the difference between: • The amount reported in profit or loss for the designated financial assets applying IFRS No.9 and • The amount that would have been reported in profit or loss for the designated financial assets if the insurer had applied IAS No.39. The Group is permitted to apply the overlay approach either at initial recognition or it may subsequently designate financial assets that newly meet criterion of not being held in respect of an activity that is unconnected with insurance contract, having previously not met that criterion. The Group continues to apply the overlay approach to a designated financial asset until that financial asset is derecognized. However, the Group de-designates At the beginning of any annual period, the Group may stop applying the overlay approach to all designated financial assets, and cannot subsequently apply the overlay approach, if it stops using this approach because it is no longer an insurer. |
Description Of Accounting Policy For Functional Currency Explanatory | 3.25 United States dollar amounts The Group operates primarily in Korea and its official accounting records are maintained in Korean won. The U.S. dollar amounts are provided herein as supplementary information solely for the convenience of the reader. Korean won amounts are expressed in U.S. dollars at the rate of ₩1,086.11 to U.S. $1.00, the U.S. Federal Reserve Bank of New York buying exchange rate in effect at noon, December 31, 2020. Such convenience translation into US dollars should not be construed as representations that the Korean won amounts have been, could have been, or could in the future be, converted at this or any other rate of exchange. |
The Parent Company(Table)
The Parent Company(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Entity Information Abstract [Abstract] | |
Disclosure Of Entity Information [Text Block] | The Parent Company’s share capital as of December 31, 2020, is ₩ 2,090,558 million. The Parent Company has been listed on the Korea Exchange (“KRX”) since October 10, 2008, and on the New York Stock Exchange (“NYSE”) for its American Depositary Shares (“ADS”) since September 29, 2008. Number of shares authorized in its Articles of Incorporation is 1,000 million. |
Significant Accounting Polici_3
Significant Accounting Policies(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies Abstract [Abstract] | |
Disclosure Of The Correlation Between The Major Macroeconomic Variables And The Credit Risk [Text Block] | The correlation between the major macroeconomic variables and the credit risk are as follows: Key macroeconomic variables Correlation between the major macroeconomic Domestic GDP growth rate (-) Composite stock index (-) Construction investment change rate (-) Rate of change in housing transaction price index (-) Interest rate spread (+) Private consumption growth rate (-) Change of call rate compared to the last year (%p) (+) Household loan change rate (-) Forward-looking information used in calculation of expected credit losses is based on the macroeconomic forecasts utilized by the management of the Group for its business plan considering reliable external agency’s forecasts and others. The forward-looking information is generated by KB Research with comprehensive approach to capture the possibility of various economic forecast scenarios that are derived from the internal and external viewpoints of the macroeconomic situation. The Group determines the macroeconomic variables to be used in forecasting future condition of the economy, considering the direction of the forecast scenario and the significant relationship between macroeconomic variables and time series data. And there are some changes compared to the macroeconomic variables used in the previous year. |
Property Plant And Equipment Text Block [Text Block] | The depreciation methods and estimated useful lives of property and equipment are as follows: Property and equipment Depreciation method Estimated useful lives Buildings Straight-line 20~40 years Leasehold improvements Declining-balance/ Straight-line 4~15 years Equipment and vehicles Declining-balance/ Straight-line 3~15 years The residual value, the useful life and the depreciation method applied to an asset are reviewed at each financial year-end |
Schedule Of Investment Property Table [Text Block] | The depreciation method and estimated useful lives of investment properties are as follows: Investment properties Depreciation method Estimated useful lives Buildings Straight-line 20~40 years The residual value, the useful life and the depreciation method applied to an asset are reviewed at each financial year-end |
Schedule Of Finite Lived Intangible Assets Table Text Block [Text Block] | Intangible assets, except for goodwill and membership rights, are amortized using the straight-line method or declining-balance method with no residual value over their estimated useful economic life since the asset is available for use. Intangible assets Amortization method Estimated useful lives Industrial property rights Straight-line 3 ~ 19 years Software Straight-line 3 ~ 5 years VOBA Declining-balance 30, 60 years Others Straight-line / Declining-balance 1 ~ 13 years The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at each financial year-end. |
Financial Risk Management(Table
Financial Risk Management(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Finacial Risk Management Abstract [Abstract] | |
Disclosure of credit risk exposure [Text Block] | The Group’s maximum exposures of financial instruments other than equity securities, to credit risk without consideration of collateral values as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Financial assets Due from financial institutions measured at amortized cost * ₩ 18,142,960 ₩ 22,720,091 Financial assets at fair value through profit or loss Due from financial institutions measured at fair value through profit or loss 216,367 100,094 Securities measured at fair value through profit or loss 50,721,526 58,415,100 Loans measured at fair value through profit or loss 427,545 337,983 Financial instruments indexed to the price of gold 79,805 89,965 Derivatives 3,190,673 5,545,385 Loans measured at amortized cost * 339,684,059 377,166,984 Financial investments Securities measured at fair value through other comprehensive income 43,556,848 58,456,889 Securities measured at amortized cost * 25,346,555 36,870,229 Loans measured at fair value through other comprehensive income 375,098 293,409 Other financial assets * 9,147,059 14,167,689 490,888,495 574,163,818 Off-balance Acceptances and guarantees contracts 8,327,494 8,548,928 Financial guarantee contracts 3,847,390 4,964,468 Commitments 151,797,615 159,133,983 163,972,499 172,647,379 ₩ 654,860,994 ₩ 746,811,197 * After netting of allowance. |
Disclosure Of The Credit Quality Of Loans [Text Block] | Credit qualities of loans as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 83,839,707 ₩ 2,621,898 ₩ 1,000 ₩ — ₩ 86,462,605 Grade 2 58,057,809 4,683,445 7,052 — 62,748,306 Grade 3 2,650,199 2,187,662 4,194 — 4,842,055 Grade 4 518,108 900,386 4,605 — 1,423,099 Grade 5 16,648 355,893 805,938 — 1,178,479 145,082,471 10,749,284 822,789 — 156,654,544 Retail Grade 1 146,265,744 3,611,001 8,155 — 149,884,900 Grade 2 7,081,846 4,433,832 29,304 — 11,544,982 Grade 3 2,080,690 1,541,647 11,366 — 3,633,703 Grade 4 185,081 387,811 9,722 — 582,614 Grade 5 10,180 587,448 545,295 — 1,142,923 155,623,541 10,561,739 603,842 — 166,789,122 Credit card Grade 1 8,390,177 96,052 — — 8,486,229 Grade 2 5,695,069 719,065 — — 6,414,134 Grade 3 1,558,999 1,161,396 — — 2,720,395 Grade 4 26,404 390,941 — — 417,345 Grade 5 350 135,630 474,327 — 610,307 15,670,999 2,503,084 474,327 — 18,648,410 316,377,011 23,814,107 1,900,958 — 342,092,076 Loans measured at fair value through other comprehensive income Corporate Grade 1 241,524 — — — 241,524 Grade 2 133,574 — — — 133,574 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 375,098 — — — 375,098 375,098 — — — 375,098 ₩ 316,752,109 ₩ 23,814,107 ₩ 1,900,958 ₩ — ₩ 342,467,174 December 31, 2020 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 93,033,311 ₩ 4,646,801 ₩ 7,042 ₩ — ₩ 97,687,154 Grade 2 61,701,031 7,060,916 7,817 — 68,769,764 Grade 3 2,702,369 2,507,455 3,055 — 5,212,879 Grade 4 611,743 1,085,704 8,562 — 1,706,009 Grade 5 18,792 394,935 2,162,732 — 2,576,459 158,067,246 15,695,811 2,189,208 — 175,952,265 Retail Grade 1 163,261,012 3,536,290 6,789 — 166,804,091 Grade 2 8,828,445 4,197,409 34,896 — 13,060,750 Grade 3 2,519,004 1,322,878 9,012 — 3,850,894 Grade 4 225,262 402,881 8,352 — 636,495 Grade 5 39,466 636,361 672,397 — 1,348,224 174,873,189 10,095,819 731,446 — 185,700,454 Credit card Grade 1 8,210,540 412,555 — — 8,623,095 Grade 2 5,831,625 708,405 — — 6,540,030 Grade 3 1,526,382 1,216,434 — — 2,742,816 Grade 4 16,978 247,241 — — 264,219 Grade 5 2,101 118,907 506,462 — 627,470 15,587,626 2,703,542 506,462 — 18,797,630 348,528,061 28,495,172 3,427,116 — 380,450,349 Loans measured at fair value through other comprehensive income Corporate Grade 1 235,469 — — — 235,469 Grade 2 57,940 — — — 57,940 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 293,409 — — — 293,409 293,409 — — — 293,409 ₩ 348,821,470 ₩ 28,495,172 ₩ 3,427,116 ₩ — ₩ 380,743,758 * Before netting of allowance |
Analysis Of Credit Exposures Using Internal Credit Grading System Explanatory | Credit qualities of loans graded according to internal credit ratings as of December 31, 2019 and 2020, are as follows: Range of Probability Retail Corporate Grade 1 0.0 ~ 1.0 1 ~ 5 grade AAA ~ BBB+ Grade 2 1.0 ~ 5.0 6 ~ 8 grade BBB ~ BB Grade 3 5.0 ~ 15.0 9 ~ 10 grade BB- Grade 4 15.0 ~ 30.0 11 grade B- Grade 5 30.0 ~ 12 grade or under CC or under |
Disclosure Of The Quantification Of The Extent To Which Collateral And Other Credit Enhancements Mitigate Credit Risk For Loans [Text Block] | Quantification of the extent to which collateral and other credit enhancements mitigate credit risk of loans as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 70,183,658 ₩ 3,839,736 ₩ 179,825 ₩ 74,203,219 Deposits and savings 4,478,032 118,221 8,034 4,604,287 Property and equipment 10,014,552 582,109 55,410 10,652,071 Real estate 155,769,901 10,839,595 417,815 167,027,311 ₩ 240,446,143 ₩ 15,379,661 ₩ 661,084 ₩ 256,486,888 December 31, 2020 12-month Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 79,088,720 ₩ 5,732,814 ₩ 187,512 ₩ 85,009,046 Deposits and savings 5,210,681 149,745 67,047 5,427,473 Property and equipment 11,607,675 808,476 120,471 12,536,622 Real estate 170,171,707 12,836,286 1,836,865 184,844,858 ₩ 266,078,783 ₩ 19,527,321 ₩ 2,211,895 ₩ 287,817,999 |
Disclosure Of The Credit Quality Of Securities Excluding Equity Securities [Text Block] | Credit qualities of securities other than equity securities that are exposed to credit risk as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 25,147,636 ₩ — ₩ — ₩ — ₩ 25,147,636 Grade 2 157,881 — — — 157,881 Grade 3 42,710 — — — 42,710 Grade 4 — — — — — Grade 5 — — — — — 25,348,227 — — — 25,348,227 Securities measured at fair value through other comprehensive income Grade 1 40,206,856 — — — 40,206,856 Grade 2 3,337,327 — — — 3,337,327 Grade 3 12,665 — — — 12,665 Grade 4 — — — — — Grade 5 — — — — — 43,556,848 — — — 43,556,848 ₩ 68,905,075 ₩ — ₩ — ₩ — ₩ 68,905,075 December 31, 2020 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 36,467,719 ₩ — ₩ — ₩ — ₩ 36,467,719 Grade 2 359,551 — — — 359,551 Grade 3 38,847 7,061 — — 45,908 Grade 4 — — — — — Grade 5 — — — — — 36,866,117 7,061 — — 36,873,178 Securities measured at fair value through other comprehensive income Grade 1 54,576,777 — — — 54,576,777 Grade 2 3,746,200 — — — 3,746,200 Grade 3 126,391 — — — 126,391 Grade 4 7,521 — — — 7,521 Grade 5 — — — — — 58,456,889 — — — 58,456,889 ₩ 95,323,006 ₩ 7,061 ₩ — ₩ — ₩ 95,330,067 * Before netting of allowance |
Analysis of credit exposures using external credit grading system [Text Block] | Credit qualities of securities other than equity securities, according to the credit ratings by external rating agencies as of December 31, 2019 and 2020, are as follows: Domestic Foreign Credit quality KIS NICE P&I KAP FnPricing Inc. S&P Fitch-IBCA Moody’s Grade 1 AA0 to AAA AA0 to AAA AA0 to AAA AA0 to AAA A- A- A3 to Aaa Grade 2 A- A- A- A- BBB- to BBB+ BBB- to BBB+ Baa3 to Baa1 Grade 3 BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BB to BB+ BB to BB+ Ba2 to Ba1 Grade 4 BB0 to BBB- BB0 to BBB- BB0 to BBB- BB0 to BBB- B+ to BB- B+ to BB- B1 to Ba3 Grade 5 BB- BB- or under BB- or under BB- or under B or under B or under B2 or under Credit qualities of debt securities denominated in Korean won are based on the lowest credit rating by the domestic agencies above, and those denominated in foreign currencies are based on the lowest credit rating by the foreign agencies above. |
Disclosure Of The Credit Quality Of Due From Financial Institutions [Text Block] | Credit qualities of due from financial institutions as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month expected Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 17,292,966 ₩ — ₩ — ₩ — ₩ 17,292,966 Grade 2 149,927 — — — 149,927 Grade 3 677,249 — — — 677,249 Grade 4 — — — — — Grade 5 13,991 13,179 360 — 27,530 ₩ 18,134,133 ₩ 13,179 ₩ 360 ₩ — ₩ 18,147,672 December 31, 2020 12-month expected Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 21,437,207 ₩ — ₩ — ₩ — ₩ 21,437,207 Grade 2 334,371 — — — 334,371 Grade 3 445,732 13,099 — — 458,831 Grade 4 479,142 — — — 479,142 Grade 5 13,520 — 283 — 13,803 ₩ 22,709,972 ₩ 13,099 ₩ 283 ₩ — ₩ 22,723,354 * Before netting of allowance The classification criteria of the credit qualities of due from financial institutions as of December 31, 2019 and 2020, is the same as the criteria for securities other than equity securities. |
Disclosure Of The Quantification Of The Extent To Which Collateral And Other Credit Enhancements Mitigate Credit Risk For Derivatives [Text Block] | The quantification of the extent to which collateral mitigates credit risk of derivative financial instruments as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Deposits, savings, securities, etc. ₩ 802,170 ₩ 1,651,322 |
Schedule Of Details Of Regional Loans [Text Block] | Details of loans by country as of December 31, 2019 and 2020, are as follows: December 31, 2019* Retail Corporate Credit card Total % Allowances Carrying (In millions of Korean won) Korea ₩ 166,310,457 ₩ 149,149,657 ₩ 18,642,111 ₩ 334,102,225 97.44 ₩ (2,363,332 ) ₩ 331,738,893 Europe — 1,118,429 — 1,118,429 0.33 (4,181 ) 1,114,248 China — 3,135,501 358 3,135,859 0.91 (20,654 ) 3,115,205 Japan 101 647,956 81 648,138 0.19 (576 ) 647,562 United States — 2,333,269 — 2,333,269 0.68 (9,205 ) 2,324,064 Others 478,564 1,072,375 5,860 1,556,799 0.45 (10,069 ) 1,546,730 ₩ 166,789,122 ₩ 157,457,187 ₩ 18,648,410 ₩ 342,894,719 100.00 ₩ (2,408,017 ) ₩ 340,486,702 December 31, 2020* Retail Corporate Credit card Total % Allowances Carrying (In millions of Korean won) Korea ₩ 182,344,832 ₩ 160,385,598 ₩ 18,734,570 ₩ 361,465,000 94.85 ₩ (2,433,702 ) ₩ 359,031,298 Europe — 2,042,979 — 2,042,979 0.54 (11,141 ) 2,031,838 China — 4,518,737 654 4,519,391 1.19 (20,489 ) 4,498,902 Japan 94 923,354 10 923,458 0.24 (1,249 ) 922,209 United States — 1,962,377 — 1,962,377 0.51 (21,489 ) 1,940,888 Cambodia 1,444,906 2,280,180 — 3,725,086 0.98 (89,652 ) 3,635,434 Indonesia 1,483,345 3,637,351 60,959 5,181,655 1.36 (699,947 ) 4,481,708 Others 427,276 833,080 1,437 1,261,793 0.33 (5,694 ) 1,256,099 ₩ 185,700,453 ₩ 176,583,656 ₩ 18,797,630 ₩ 381,081,739 100.00 ₩ (3,283,363 ) ₩ 377,798,376 * Amount includes loans measured at fair value through profit or loss, other comprehensive income and amortized cost. |
Schedule Of Details Of Industrial Corporate Loans [Text Block] | Details of corporate loans by industry as of December 31, 2019 and 2020, are as follows: December 31, 2019 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 16,405,404 10.42 ₩ (14,819 ) ₩ 16,390,585 Manufacturing 43,265,607 27.48 (394,428 ) 42,871,179 Service 65,277,701 41.46 (195,205 ) 65,082,496 Wholesale & Retail 18,593,540 11.81 (99,051 ) 18,494,489 Construction 3,679,798 2.34 (194,737 ) 3,485,061 Public sector 1,250,909 0.79 (2,084 ) 1,248,825 Others 8,984,228 5.70 (56,662 ) 8,927,566 ₩ 157,457,187 100.00 ₩ (956,986 ) ₩ 156,500,201 December 31, 2020 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 16,044,243 9.09 ₩ (20,987 ) ₩ 16,023,256 Manufacturing 45,884,606 25.98 (473,360 ) 45,411,246 Service 76,001,877 43.04 (385,093 ) 75,616,784 Wholesale & Retail 23,129,457 13.10 (241,021 ) 22,888,436 Construction 4,397,814 2.49 (190,819 ) 4,206,995 Public sector 1,660,370 0.94 (74,839 ) 1,585,531 Others 9,465,289 5.36 (285,660 ) 9,179,629 ₩ 176,583,656 100.00 ₩ (1,671,779 ) ₩ 174,911,877 |
Schedule Of Types Of Retail And Credit Card Loans [Text Block] | Details of retail loans and credit card receivables as of December 31, 2019 and 2020, are as follows: December 31, 2019 Loans % Allowances Carrying amount (In millions of Korean won) Housing ₩ 78,102,637 42.12 ₩ (34,395 ) ₩ 78,068,242 General 88,686,485 47.83 (676,927 ) 88,009,558 Credit card 18,648,410 10.05 (739,709 ) 17,908,701 ₩ 185,437,532 100.00 ₩ (1,451,031 ) ₩ 183,986,501 December 31, 2020 Loans % Allowances Carrying amount (In millions of Korean won) Housing ₩ 87,312,052 42.70 ₩ (61,155 ) ₩ 87,250,897 General 98,388,401 48.11 (848,933 ) 97,539,468 Credit card 18,797,630 9.19 (701,496 ) 18,096,134 ₩ 204,498,083 100.00 ₩ (1,611,584 ) ₩ 202,886,499 |
Disclosure Of The Groups Credit Risk Industrial Concentration Of Due From Financial Institutions And Securities Excluding Equity Securities And Derivative [Text Block] | Details of credit risk of due from financial institutions, securities other than equity securities and derivative financial assets by industry as of December 31, 2019 and 2020, are as follows: December 31, 2019 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 18,147,672 100.00 ₩ (4,712 ) ₩ 18,142,960 18,147,672 100.00 (4,712 ) 18,142,960 Due from financial institutions measured at fair value through profit or loss Finance and insurance 216,367 100.00 — 216,367 216,367 100.00 — 216,367 Securities measured at fair value through profit or loss Government and government funded institutions 11,937,703 23.53 — 11,937,703 Finance and insurance 32,475,354 64.03 — 32,475,354 Others 6,308,469 12.44 — 6,308,469 50,721,526 100.00 — 50,721,526 Derivative financial assets Government and government funded institutions 7,330 0.23 — 7,330 Finance and insurance 3,003,371 94.13 — 3,003,371 Others 179,972 5.64 — 179,972 3,190,673 100.00 — 3,190,673 Securities measured at fair value through other comprehensive income Government and government funded institutions 16,744,232 38.44 — 16,744,232 Finance and insurance 21,439,272 49.22 — 21,439,272 Others 5,373,344 12.34 — 5,373,344 43,556,848 100.00 — 43,556,848 Securities measured at amortized cost Government and government funded institutions 11,115,435 43.86 (37 ) 11,115,398 Finance and insurance 12,279,883 48.44 (1,349 ) 12,278,534 Others 1,952,909 7.70 (286 ) 1,952,623 25,348,227 100.00 (1,672 ) 25,346,555 ₩ 141,181,313 ₩ (6,384 ) ₩ 141,174,929 December 31, 2020 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 22,723,354 100.00 ₩ (3,263 ) ₩ 22,720,091 22,723,354 100.00 (3,263 ) 22,720,091 Due from financial institutions measured at fair value through profit or loss Finance and insurance 100,094 100.00 — 100,094 100,094 100.00 — 100,094 Securities measured at fair value through profit or loss Government and government funded institutions 16,902,284 28.94 — 16,902,284 Finance and insurance 34,244,398 58.62 — 34,244,398 Others 7,268,418 12.44 — 7,268,418 58,415,100 100.00 — 58,415,100 Derivative financial assets Government and government funded institutions 44,670 0.81 — 44,670 Finance and insurance 4,925,535 88.82 — 4,925,535 Others 575,180 10.37 — 575,180 5,545,385 100.00 — 5,545,385 Securities measured at fair value through other comprehensive income Government and government funded institutions 26,205,864 44.83 — 26,205,864 Finance and insurance 24,847,602 42.51 — 24,847,602 Others 7,403,423 12.66 — 7,403,423 58,456,889 100.00 — 58,456,889 Securities measured at amortized cost Government and government funded institutions 24,018,884 65.14 (30 ) 24,018,854 Finance and insurance 11,019,911 29.89 (2,475 ) 11,017,436 Others 1,834,383 4.97 (445 ) 1,833,938 36,873,178 100.00 (2,950 ) 36,870,228 ₩ 182,114,000 ₩ (6,213 ) ₩ 182,107,787 |
Disclosure Of The Groups Credit Risk Regional Concentration Of Due From Financial Institutions And Securities Excluding Equity Securities And Derivative [Text Block] | Details of credit risk of due from financial institutions, securities other than equity securities and derivative financial assets by country as of December 31, 2019 and 2020, are as follows: December 31, 2019 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 13,864,687 76.40 ₩ (555 ) ₩ 13,864,132 United States 1,318,582 7.27 (1 ) 1,318,581 Others 2,964,403 16.33 (4,156 ) 2,960,247 18,147,672 100.00 (4,712 ) 18,142,960 Due from financial institutions measured at fair value through profit or loss Korea 216,367 100.00 — 216,367 216,367 100.00 — 216,367 Securities measured at fair value through profit or loss Korea 46,413,061 91.51 — 46,413,061 United States 1,939,330 3.82 — 1,939,330 Others 2,369,135 4.67 — 2,369,135 50,721,526 100.00 — 50,721,526 Derivative financial assets Korea 1,440,349 45.14 — 1,440,349 United States 529,956 16.61 — 529,956 France 358,951 11.25 — 358,951 Others 861,417 27.00 — 861,417 3,190,673 100.00 — 3,190,673 Securities measured at fair value through other comprehensive income Korea 40,948,853 94.01 — 40,948,853 United States 687,243 1.58 — 687,243 Others 1,920,752 4.41 — 1,920,752 43,556,848 100.00 — 43,556,848 Securities measured at amortized cost Korea 22,591,541 89.12 (1,034 ) 22,590,507 United States 1,312,941 5.18 (217 ) 1,312,724 Others 1,443,745 5.70 (421 ) 1,443,324 25,348,227 100.00 (1,672 ) 25,346,555 ₩ 141,181,313 ₩ (6,384 ) ₩ 141,174,929 December 31, 2020 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 16,535,849 72.78 ₩ (607) ₩ 16,535,242 United States 2,030,614 8.94 (283 ) 2,030,331 Others 4,156,891 18.28 (2,373 ) 4,154,518 22,723,354 100.00 (3,263 ) 22,720,091 Due from financial institutions measured at fair value through profit or loss Korea 100,094 100.00 — 100,094 100,094 100.00 — 100,094 Securities measured at fair value through profit or loss Korea 53,991,978 92.43 — 53,991,978 United States 2,370,538 4.06 — 2,370,538 Others 2,052,584 3.51 — 2,052,584 58,415,100 100.00 — 58,415,100 Derivative financial assets Korea 2,885,214 52.03 — 2,885,214 United States 706,866 12.75 — 706,866 Others 1,953,305 35.22 — 1,953,305 5,545,385 100.00 — 5,545,385 Securities measured at fair value through other comprehensive income Korea 54,786,461 93.72 — 54,786,461 United States 942,151 1.61 — 942,151 Others 2,728,277 4.67 — 2,728,277 58,456,889 100.00 — 58,456,889 Securities measured at amortized cost Korea 34,545,872 93.69 (2,283 ) 34,543,589 United States 1,049,387 2.85 (241 ) 1,049,146 Others 1,277,919 3.46 (426 ) 1,277,493 36,873,178 100.00 (2,950 ) 36,870,228 ₩ 182,114,000 ₩ (6,213 ) ₩ 182,107,787 Due from financial institutions and financial instruments at fair value through profit or loss that are linked to gold price and derivatives are mostly related to finance and insurance industry with high credit ratings. |
Disclosure Of The Remaining Contractual Maturity Of Financial Assets And Liabilities Excluding Derivatives Held For Cash Flow Hedging [Text Block] | Remaining contractual maturity of financial assets and liabilities other than derivatives held for cash flow hedge as of December 31, 2019 and 2020, are as follows: December 31, 2019 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 5,323,332 ₩ 1,038,805 ₩ 286,091 ₩ 822,123 ₩ 18,628 ₩ — ₩ 7,488,979 Financial assets at fair value through profit or loss 52,488,545 446,069 273,144 187,821 236,130 1,011,289 54,642,998 Derivatives held for trading 2 3,008,598 — — — — — 3,008,598 Derivatives held for hedging 3 — 4,892 20,216 37,441 41,401 66,176 170,126 Loans measured at amortized cost 2,908,095 33,042,040 32,668,128 125,125,270 94,802,566 96,757,198 385,303,297 Financial investments 4 Financial assets at fair value through other comprehensive income 2,101,605 526,465 1,403,884 6,761,533 33,604,010 4,506,581 48,904,078 Securities measured at amortized cost — 1,002,164 2,080,834 5,700,500 7,366,945 15,888,344 32,038,787 Other financial assets 71,528 6,578,005 179,790 1,373,850 40,243 35,927 8,279,343 ₩ 65,901,703 ₩ 42,638,440 ₩ 36,912,087 ₩ 140,008,538 ₩ 136,109,923 ₩ 118,265,515 ₩ 539,836,206 December 31, 2019 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 2 ₩ 2,663,327 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,663,327 Financial liabilities designated at fair value through profit or loss 2 12,704,826 — — — — — 12,704,826 Derivatives held for trading 2 2,842,950 — — — — — 2,842,950 Derivatives held for hedging 3 — 14,764 15,588 1,652 20,044 129 52,177 Deposits 5 141,821,986 17,180,492 27,300,542 110,410,809 10,804,440 2,354,504 309,872,773 Borrowings 7,074,508 12,341,516 3,057,980 8,994,817 4,950,294 1,763,234 38,182,349 Debentures 22,285 2,652,730 3,812,476 11,062,873 32,477,672 3,515,716 53,543,752 Lease liabilities 256 19,304 35,730 137,419 318,781 66,032 577,522 Other financial liabilities 114,320 17,663,385 187,976 212,059 693,921 119,637 18,991,298 ₩ 167,244,458 ₩ 49,872,191 ₩ 34,410,292 ₩ 130,819,629 ₩ 49,265,152 ₩ 7,819,252 ₩ 439,430,974 Off-balance Commitments 6 ₩ 151,797,615 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 151,797,615 Financial guarantee contracts 7 3,847,390 — — — — — 3,847,390 ₩ 155,645,005 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 155,645,005 December 31, 2020 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 7,186,004 ₩ 1,449,949 ₩ 469,858 ₩ 1,217,217 ₩ 35,056 ₩ — ₩ 10,358,084 Financial assets at fair value through profit or loss 60,520,103 242,664 83,408 25,658 142,547 561,959 61,576,339 Derivatives held for trading 2 5,210,512 — — — — — 5,210,512 Derivatives held for hedging 3 — 9,371 32,816 74,364 70,863 88,462 275,876 Loans measured at amortized cost 3,126,366 29,240,531 35,862,097 135,526,320 116,211,931 103,685,410 423,652,655 Financial investments 4 Financial assets at fair value through other comprehensive income 2,532,279 896,523 1,556,600 10,523,465 35,347,644 16,949,942 67,806,453 Securities measured at amortized cost — 1,003,104 2,724,223 2,567,726 9,658,717 29,923,188 45,876,958 Other financial assets 89,855 11,514,303 206,227 1,273,876 73,735 48,019 13,206,015 ₩ 78,665,119 ₩ 44,356,445 ₩ 40,935,229 ₩ 151,208,626 ₩ 161,540,493 ₩ 151,256,980 ₩ 627,962,892 December 31, 2020 On Up to 1-3 3-12 1-5 Over 5 Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 2 ₩ 2,025,952 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,025,952 Financial liabilities designated at fair value through profit or loss 2 9,784,107 — — — — — 9,784,107 Derivatives held for trading 2 5,014,072 — — — — — 5,014,072 Derivatives held for hedging 3 — 3,123 4,120 62,147 35,198 109 104,697 Deposits 5 182,111,594 17,207,360 28,485,765 99,879,946 12,133,364 1,664,509 341,482,538 Borrowings 9,333,894 17,730,230 4,923,897 9,617,100 7,616,809 938,374 50,160,304 Debentures 18,105 2,806,105 6,769,859 14,330,686 35,512,544 6,241,226 65,678,525 Lease liabilities 205 22,372 40,376 152,084 332,033 44,882 591,952 Other financial liabilities 217,866 24,153,880 208,745 329,291 748,593 215,447 25,873,822 ₩ 208,505,795 ₩ 61,923,070 ₩ 40,432,762 ₩ 124,371,254 ₩ 56,378,541 ₩ 9,104,547 ₩ 500,715,969 Off-balance Commitments 6 ₩ 159,133,983 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 159,133,983 Acceptances and guarantees contracts 8,548,928 — — — — — 8,548,928 Financial guarantee contracts 7 4,964,468 — — — — — 4,964,468 ₩ 172,647,379 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 172,647,379 1 Restricted due from financial instruments amounting to ₩ 13,394,627 million and ₩ 15,331,515 million are excluded as of December 31, 2019 and 2020, respectively. 2 Financial liabilities measured or designated at fair value through profit or loss and derivatives held for trading are not managed by contractual maturity because they are expected to be traded or redeemed before maturity. Therefore, the carrying amounts of those financial instruments are included in the ‘On demand’ category. 3 Cash flows of derivative instruments held for hedging are shown at net amounts of cash inflows and outflows by remaining contractual maturity. 4 Equity securities designated as financial assets at fair value through other comprehensive income are included in the ‘On demand’ category because most are available for sale at any time. However, equity securities restricted from sale, are included in the category corresponding to the date on which the restriction is lifted. 5 Deposits that are contractually repayable on demand or on short notice are included in the ‘On demand’ category. 6 Commitments are included in the ‘On demand’ category because payments can be requested at any time. 7 Cash flows under financial guarantee contracts are classified based on the earliest period that the contract can be executed. |
Disclosure Of The Contractual Cash Flows Of Derivatives Held For Cash Flow Hedging [Text Block] | Contractual cash flows of derivatives held for cash flow hedge as of December 31, 2019 and 2020, are as follows: December 31, 2019 Up to 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow to be received (paid) of net-settled ₩ (639 ) ₩ (1,831 ) ₩ (5,021 ) ₩ (10,602 ) ₩ 1,084 ₩ (17,009 ) Cash flow to be received of gross-settled derivatives 14,119 200,170 657,909 1,888,772 — 2,760,970 Cash flow to be paid of gross-settled derivatives (18,171 ) (199,141 ) (671,375 ) (1,955,650 ) — (2,844,337 ) December 31, 2020 Up to 1 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow to be received (paid) of net-settled ₩ (1,082) ₩ (5,569) ₩ (15,132) ₩ (25,354) ₩ 290 ₩ (46,847) Cash flow to be received of gross-settled derivatives 85,064 220,339 517,929 2,289,277 — 3,112,609 Cash flow to be paid of gross-settled derivatives (88,952 ) (221,261 ) (523,442 ) (1,616,530 ) — (2,450,185 ) |
Disclosure Of Value At Risk By Subsidiary [Text Block] | Ten-day Kookmin Bank 2019 Average Minimum Maximum Dec. 31 2019 (In millions of Korean won) Interest rate risk ₩ 11,190 ₩ 1,725 ₩ 20,467 ₩ 16,628 Stock price risk 3,434 2,402 4,310 3,914 Foreign exchange rate risk 15,760 11,416 20,704 13,081 Deduction of diversification effect (13,246 ) Total VaR ₩ 17,545 ₩ 13,641 ₩ 24,849 ₩ 20,377 2020 Average Minimum Maximum Dec. 31 2020 (In millions of Korean won) Interest rate risk ₩ 59,147 ₩ 9,588 ₩ 105,983 ₩ 50,795 Stock price risk 15,379 3,787 24,821 24,821 Foreign exchange rate risk 36,281 5,302 67,766 49,338 Deduction of diversification effect (7,320 ) Total VaR ₩ 105,428 ₩ 14,225 ₩ 158,798 ₩ 117,634 KB Securities Co., Ltd. 2019 Average Minimum Maximum Dec. 31, 2019 (In millions of Korean won) Interest rate risk ₩ 520,681 ₩ 460,539 ₩ 563,991 ₩ 563,991 Stock price risk 248,183 217,149 282,584 270,443 Foreign exchange rate risk 15,785 7,578 23,674 21,418 Commodity risk 3 1 20 1 ₩ 784,652 ₩ 685,267 ₩ 870,269 ₩ 855,853 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Interest rate risk ₩ 656,651 ₩ 575,053 ₩ 755,704 ₩ 755,704 Stock price risk 267,186 213,639 317,478 213,639 Foreign exchange rate risk 15,113 8,759 21,907 10,588 Commodity risk 18 1 56 18 ₩ 938,968 ₩ 797,452 ₩ 1,095,145 ₩ 979,949 KB Insurance Co., Ltd. 2019 Average Minimum Maximum Dec. 31, 2019 (In millions of Korean won) Interest rate risk ₩ 3,418 ₩ 2,201 ₩ 4,904 ₩ 3,252 Foreign exchange rate risk 23,293 16,153 27,550 26,140 ₩ 26,711 ₩ 18,354 ₩ 32,454 ₩ 29,392 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Interest rate risk ₩5,682 ₩ 2,850 ₩ 7,652 ₩ 7,055 Foreign exchange rate risk 26,529 23,491 29,339 28,891 ₩ 32,211 ₩ 26,341 ₩ 36,991 ₩ 35,946 KB Kookmin Card Co., Ltd. 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Foreign exchange rate risk ₩ 2,712 ₩ 169 ₩ 7,861 ₩ 7,546 Prudential Life Insurance Company of Korea Ltd. 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Foreign exchange rate risk ₩ 7,977 ₩ 7,977 ₩ 7,977 ₩ 7,977 KB Asset Management Co., Ltd. 2019 Average Minimum Maximum Dec. 31, 2019 (In millions of Korean won) Interest rate risk ₩ 417 ₩ 202 ₩ 1,238 ₩ 509 Stock price risk 3,456 1,965 6,248 6,248 Foreign exchange rate risk 825 362 1,427 362 ₩ 4,698 ₩ 2,529 ₩ 8,913 ₩ 7,119 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Interest rate risk ₩ 1,298 ₩ — ₩ 2,589 ₩ — Stock price risk 3,382 — 9,484 — Foreign exchange rate risk 812 1,208 1,523 1,141 ₩ 5,492 ₩ 1,208 ₩ 13,596 ₩ 1,141 KB Capital Co., Ltd. 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Foreign exchange rate risk ₩ 810 ₩ 297 ₩ 1,315 ₩ 896 KB Life Insurance Co., Ltd. 2019 Average Minimum Maximum Dec. 31, 2019 (In millions of Korean won) Interest rate risk ₩ 2,630 ₩ 1,295 ₩ 3,597 ₩ 2,038 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Interest rate risk ₩ 3,054 ₩ 1,784 ₩ 4,389 ₩ 2,743 KB Real Estate Trust Co., Ltd. 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Stock price risk ₩ 399 ₩ — ₩ 435 ₩ — KB Investment Co., Ltd. 2019 Average Minimum Maximum Dec. 31, 2019 (In millions of Korean won) Stock price risk ₩ — ₩ — ₩ — ₩ — Foreign exchange rate risk 7,452 4,072 10,480 9,988 ₩ 7,452 ₩ 4,072 ₩ 10,480 ₩ 9,988 2020 Average Minimum Maximum Dec. 31, 2020 (In millions of Korean won) Stock price risk ₩ 1,153 ₩ — ₩ 7,588 ₩ 6,253 Foreign exchange rate risk 11,864 10,167 12,625 11,655 ₩ 13,017 ₩ 10,167 ₩ 20,213 ₩ 17,908 |
Schedule Of Required Equity Capital Using The Standardized Method Related To The Positions Which Are Not Measured By VaR Or The Non Banking Subsidiaries [Text Block] | Kookmin Bank December 31, 2019 December 31, 2020 (In millions of Korean won) Interest rate risk ₩ 83,731 ₩ 40,290 Stock price risk 1,954 7,088 Foreign exchange rate risk 1,850 23,938 ₩ 87,535 ₩ 71,316 |
Disclosure of Changes in equity value and net interest income of Kookmin Bank by scenario | Definition of non-trading Interest rate risk management targets for non-trading on-balance off-balance Observation method of market risk arising from non-trading As a qualitative methodology, interest rate risk is a change in equity and profit due to the changes in value of interest-sensitive assets, liabilities, etc., and is measured by D D Interest rate risk levels (a) Subsidiary Kookmin Bank Kookmin Bank calculates D D December 31, 2019 Changes in the Economic D EVE) Changes in net interest D NII) (In millions of Korean won) Scenario 1 (Parallel rise) ₩ 483,207 ₩ 152,013 Scenario 2 (Parallel decline) 31,718 9,717 Scenario 3 (Short-term decline, long-term rise) 257,756 Scenario 4 (Short-term rise, long-term decline) 411,237 Scenario 5 (Short-term rise) 378,380 Scenario 6 (Short-term decline) 492,047 Maximum of 6 scenarios 492,047 152,013 Basic capital 27,609,684 — December 31, 2020 Changes in the Economic D EVE) Changes in net interest D NII) (In millions of Korean won) Scenario 1 (Parallel rise) ₩ 544,087 ₩ 415,339 Scenario 2 (Parallel decline) — — Scenario 3 (Short-term decline, long-term rise) 245,337 Scenario 4 (Short-term rise, long-term decline) 423,673 Scenario 5 (Short-term rise) 466,220 Scenario 6 (Short-term decline) 480,246 Maximum of 6 scenarios 544,087 415,339 Basic capital 28,234,310 — |
Disclosure Of Measurement Of Interest Rate VaR [Text Block] | Non-bank subsidiaries Interest rate VaR is the maximum possible loss due to interest rate risk under a normal distribution at a 99.9% confidence level. The measurement results of risk as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) KB Securities Co., Ltd. ₩ 20,605 ₩ 28,396 KB Insurance Co., Ltd. 345,292 585,648 KB Kookmin Card Co., Ltd. 49,878 64,783 Prudential Life Insurance Company of Korea Ltd. — 132,576 KB Life Insurance Co., Ltd. 56,214 29,392 KB Capital Co., Ltd. 33,038 27,805 KB Savings Bank Co., Ltd. 6,510 6,014 |
Foreign Currency Disclosure [Text Block] | Details of financial instruments denominated in foreign currencies and translated into Korean won as of December 31, 2019 and 2020, are as follows: December 31, 2019 USD JPY EUR GBP CNY Others Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 2,581,674 ₩ 354,484 ₩ 377,651 ₩ 128,600 ₩ 1,207,769 ₩ 840,250 ₩ 5,490,428 Financial assets at fair value through profit or loss 6,275,426 43,124 610,820 23,034 6,131 149,188 7,107,723 Derivatives held for trading 244,010 22,729 25,226 698 6,786 48,396 347,845 Derivatives held for hedging 83,610 — — — — — 83,610 Loans measured at amortized cost 14,478,537 484,087 795,285 178,628 1,205,297 991,445 18,133,279 Financial assets at fair value through other comprehensive income 4,643,921 21,267 71,078 — 282,390 39,186 5,057,842 Financial assets at amortized cost 2,380,000 — 304,484 — 97,845 101,958 2,884,287 Other financial assets 1,619,738 230,542 313,363 18,237 186,607 195,691 2,564,178 ₩ 32,306,916 ₩ 1,156,233 ₩ 2,497,907 ₩ 349,197 ₩ 2,992,825 ₩ 2,366,114 ₩ 41,669,192 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,754,602 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,754,602 Derivatives held for trading 351,394 39,050 36,018 — 7,806 67,809 502,077 Derivatives held for hedging 35,538 — — — — — 35,538 Deposits 12,266,565 766,720 791,638 45,892 1,477,097 560,939 15,908,851 Borrowings 9,399,828 125,096 419,155 408,918 15,092 247,943 10,616,032 Debentures 5,007,285 — — — — 338,225 5,345,510 Other financial liabilities 2,556,502 60,029 101,289 22,531 190,841 254,876 3,186,068 ₩ 32,371,714 ₩ 990,895 ₩ 1,348,100 ₩ 477,341 ₩ 1,690,836 ₩ 1,469,792 ₩ 38,348,678 Off-balance ₩ 18,702,327 ₩ 32,694 ₩ 176,756 ₩ — ₩ 252,369 ₩ 257,881 ₩ 19,422,027 December 31, 2020 USD JPY EUR GBP CNY Others Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 4,482,459 ₩ 583,545 ₩ 558,793 ₩ 113,586 ₩ 878,798 ₩ 1,152,515 ₩ 7,769,696 Financial assets at fair value through profit or loss 5,464,176 39,817 508,587 30,030 6,046 177,545 6,226,201 Derivatives held for trading 339,190 18,061 41,834 1,774 4,344 9,724 414,927 Derivatives held for hedging 112,431 — — — — — 112,431 Loans measured at amortized cost 18,783,163 565,918 1,387,089 259,787 1,617,715 5,597,016 28,210,688 Financial assets at fair value through other comprehensive income 5,446,539 5,271 35,478 — 342,804 224,801 6,054,893 Financial assets at amortized cost 1,660,713 — 300,315 — 108,594 537,966 2,607,588 Other financial assets 2,747,958 50,573 231,435 20,162 122,642 353,707 3,526,477 ₩ 39,036,629 ₩ 1,263,185 ₩ 3,063,531 ₩ 425,339 ₩ 3,080,943 ₩ 8,053,274 ₩ 54,922,901 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 1,267,690 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 1,267,690 Derivatives held for trading 497,975 21,221 84,712 1,817 42,023 36,625 684,373 Derivatives held for hedging 139,528 — — — — 14,050 153,578 Deposits 16,441,107 933,268 991,872 66,440 1,755,272 4,331,641 24,519,600 Borrowings 10,068,379 485,618 402,802 501,716 439 1,728,281 13,187,235 Debentures 5,135,667 — 666,873 — — 308,675 6,111,215 Other financial liabilities 3,407,300 38,979 98,093 9,911 51,331 237,281 3,842,895 ₩ 36,957,646 ₩ 1,479,086 ₩ 2,244,352 ₩ 579,884 ₩ 1,849,065 ₩ 6,656,553 ₩ 49,766,586 Off-balance ₩ 14,991,859 ₩ 32,200 ₩ 248,007 ₩ 741 ₩ 253,472 ₩ 906,502 ₩ 16,432,781 |
Disclosure Of Objectives Policies And Processes For Managing Capital Explanatory | The Group complies with the capital adequacy standard established by the Financial Services Commission. This capital adequacy standard is based on Basel III revised by Basel Committee on Banking Supervision in Bank for International Settlements in June 2011 and was implemented in Korea in December 2013. The Group is required to maintain a minimum Common Equity Tier 1 ratio of at least 8.0%, a minimum Tier 1 ratio of :9.5% and a minimum Total Regulatory Capital of 11.5% as of December 31, 2020. The Group’s equity capital is classified into three categories in accordance with the Supervisory Regulations and Detailed Supervisory Regulations on Financial Holding Companies: • Common Equity Tier 1 Capital: Common equity Tier 1 Capital is the first to take losses in the Group and is the last to be compensated in liquidation of the Group and not repaid except for liquidation. It includes capital, capital surplus, retained earnings, non-controlling • Additional Tier 1 Capital: Additional Tier 1 Capital includes capital, capital surplus, etc. related to the issuance of capital securities of a permanent nature that meets the conditional capital securities requirements. • Tier 2 Capital: Tier 2 Capital means capital that can compensate for losses of the Group upon liquidation, including (a) the amount of subordinated bonds with maturity of not less than 5 years that meet the conditional capital securities requirements, and (b) the allowance for credit losses accumulated on the loans which are classified as normal or precautionary in accordance with Regulation on Supervision of Financial Holding Companies and others. The risk-weighted assets are the magnitude of the amount of risk inherent in the total asset held by the Group. The Group calculates risk-weighted assets by each risk (credit risk, market risk, and operational risk) based on the Supervisory Regulations and Detailed Supervisory Regulations on Financial Holding Companies and uses them to calculate BIS ratio. The Group evaluates and manages capital adequacy through separate internal policies. The valuation of capital adequacy compares the size of available capital (the amount of capital actually available) to the size of internal capital (the amount of capital required to cover all the significant risks faced by the Group under its target credit rating), which monitors financial soundness and provides a risk-adjusted performance measurement basis. Internal capital refers to the capital required to prevent the insolvency from future unexpected losses. The Group operates a system to measure, allocate and manage internal capital to major subsidiaries by risk type. The Risk Management Committee of the Group determines the risk appetite of the Group, allocates internal capital by risk type and major subsidiaries, and major subsidiaries operate capital efficiently within the range of the allocated internal capital. The Risk Management Department of the Group monitors internal capital limit management and reports it to the management and the Risk Management Committee. If the limit of internal capital is expected to be exceeded due to new businesses or business expansion, the Group’s capital adequacy management is carried out through review and approval by the Risk Management Committee in advance. Details of the Group’s capital adequacy calculation in accordance with Basel III requirements as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Equity Capital: ₩ 36,995,181 ₩ 40,080,136 Tier 1 Capital 35,426,114 36,895,778 Common Equity Tier 1 Capital 34,709,873 34,886,283 Additional Tier 1 Capital 716,241 2,009,495 Tier 2 Capital 1,569,067 3,184,358 Risk-weighted assets: 255,549,020 262,349,242 Equity Capital (%): 14.48 15.28 Tier 1 Capital (%) 13.86 14.06 Common Equity Tier 1 Capital (%) 13.58 13.30 |
Disclosure of nature and extent of risks arising from financial instruments [Text Block] | 4.2.1 Overview of credit risk Credit risk is the risk of loss from the portfolio of assets held due to the counterparty’s default, breach of contract and deterioration of credit quality. For risk management reporting purposes, the Group considers all factors of credit risk exposure, such as default risk of individual borrowers, country risk and risk of specific sectors. The Group defines default as the definition applied to the calculation of Capital Adequacy Ratio under the new Basel Accord (Basel III). 4.2.2 Credit risk management The Group measures the expected loss and economic capital for the assets subject to credit risk management, including on-balance off-balance In addition, to prevent excessive concentration of exposures by borrower and industry, the total exposure limit at the Group level is introduced, applied, and managed to control the credit concentration risk. All of the Kookmin Bank’s loan customers (individuals and corporates) are assigned with credit rating and managed by a comprehensive internal credit evaluation system. For individuals, the credit rating takes into account the personal information, income and job information, asset information, and bank transaction information. For corporates, the credit rating is evaluated by analyzing and utilizing financial and non-financial The credit rating, once assigned, serves as the fundamental instrument in Kookmin Bank’s credit risk management, and is applied in a wide range of credit risk management processes, including credit approval, credit limit management, loan pricing and computation of allowance for credit loss. For corporates, Kookmin Bank conducts a regular credit evaluation at least once a year, and the review and supervision departments regularly validate the adequacy of credit ratings to manage credit risks. KB Kookmin Card Co., Ltd.’s credit scoring system is divided into Application Scoring System (“ASS”) and Behavior Scoring System (“BSS”). For applications that meet the eligibility criteria for card issuance, the card will be issued only if the ASS credit rating is above the standard. KB Kookmin Card Co., Ltd.’s internal information, a credit bureau company’s external information and personal information on the application are used to calculate the ASS credit rating. The BSS, which is recalculated on a weekly basis, predicts the delinquency probability of cardholders, and utilizes it to monitor cardholders and portfolio risk. In order to establish a credit risk management system, the Group manages credit risk by forming a separate risk management organization. In particular, independent of the Sales Group, the Credit Analysis Group of Kookmin Bank, a subsidiary, is in charge of loan policy, loan system, credit rating, credit analysis, follow-up 4.3.1 Overview of liquidity risk Liquidity risk is a risk that the Group becomes insolvent due to the mismatch between the inflow and outflow of funds, unexpected cash outflows, or a risk of loss due to financing funds at a high interest rate or disposing of securities at an unfavorable price due to lack of available funds. The Group manages its liquidity risk through analysis of the contractual maturity of interest-bearing assets and liabilities, assets and liabilities related to the other inflows and outflows of funds, and off-balance 4.3.2 Liquidity risk management and indicator The liquidity risk is managed by risk management policies and liquidity risk management guidelines set forth in these policies applied to all risk management policies and procedures that may arise throughout the overall business of the Group. The Group calculates and manages cumulative liquidity gaps and liquidity ratio for all transactions and off-balance 4.4.1 Concept Market risk refers to risks that can result in losses due to changes in market factors such as interest rates, stock prices, and exchange rates etc., which arise from securities and derivatives and others. The most significant risks associated with trading position are interest rate risk and currency risk, and additional risks include stock price risk. The non-trading non-trading 4.4.2 Risk management The Group sets and monitors internal capital limits for market and interest rate risk to manage the risks of trading and non-trading non-trading 4.4.3 Trading position 4.4.3.1 Definition of a trading position The trading position, which is subject to market risk management, is the trading position defined in “Trading Policy and Guidelines” and the basic requirements for the trading position are as follows: • The target position has no restrictions on the sale, and the daily fair value assessment should be made and the embedded significant risk can be hedged in the market. • The trading position classification criteria should be clearly defined in the Trading Policy and Guidelines, and the trading position should be managed by a separate trading department. • The target position must be operated according to the documented trading strategy and the position’s limit management must be carried out. • The specialized dealer or operating department shall have the authority to execute the transaction without prior approval from the Risk Management Department, etc. within the pre-determined • Target positions should be periodically reported to management for risk management of the Group. Details of risk factors (a) Interest rate risk The interest rate risk for trading positions usually arises from debt securities denominated in Korean won. The Group’s trading strategy is to gain short-term trading gains from interest rate fluctuations. The Group manages interest rate risks associated with trading accounts using VaR and sensitivity analysis (Price Value of a Basis Point: PVBP). (b) Stock price risk Stock price risk occurs only in trading stocks denominated in Korean won because there are no trading stocks denominated in foreign currency. The portfolio of trading stocks denominated in Korean won consists of stocks listed on the exchange and derivatives linked to stocks and is managed by strict distributed investment limits. (c) Foreign exchange rate risk Foreign exchange rate risk arises from holding assets, liabilities and currency-related derivatives which are denominated in foreign currency. Most of the net foreign currency exposures occur in the US dollars and the Chinese Yuan. The Group also manages net foreign exchange exposures across trading and non-trading 4.5.1 Concept The Group defines operational risks broadly as all financial and non-financial 4.5.2 Risk management The purpose of operational risk management is not only to comply with supervisory and regulatory requirements, but also to spread risk management culture, strengthen internal control, improve processes and provide timely feedback to management and all employees. Kookmin Bank, a subsidiary, established a Business Continuity Planning (BCP) to carry out continuous work in emergency situations and established alternative facilities. The Group conducts simulation training for headquarters and IT departments to check the business continuity framework. |
Segment Information(Table)
Segment Information(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Operating Segments Abstract [Abstract] | |
Disclosure Of Operating Segments Explanatory | Financial information by business segment for the years ended December 31, 2019 and 2020, are as follows: 2019 Banking business Corporate Retail Other banking Sub-total Securities Non-life Credit card Life Others Consolidation Total (In millions of Korean won) Operating revenues from external customers ₩ 2,375,800 ₩ 2,979,503 ₩ 1,591,323 ₩ 6,946,626 ₩ 1,113,200 ₩ 1,185,600 ₩ 1,470,910 ₩ 107,404 ₩ 608,111 ₩ — ₩ 11,431,851 Intersegment operating revenues (expenses) 204,476 — 167,966 372,442 (18,795 ) (54,160 ) (209,874 ) (22,742 ) 124,857 (191,728 ) — 2,580,276 2,979,503 1,759,289 7,319,068 1,094,405 1,131,440 1,261,036 84,662 732,968 (191,728) 11,431,851 Net interest income 2,844,880 3,148,061 370,846 6,363,787 529,888 616,378 1,230,288 159,248 296,512 686 9,196,787 Interest income 4,642,555 4,872,937 1,264,456 10,779,948 852,153 617,617 1,581,178 159,463 687,823 (38,995 ) 14,639,187 Interest expense (1,797,675 ) (1,724,876 ) (893,610 ) (4,416,161 ) (322,265 ) (1,239 ) (350,890 ) (215 ) (391,311 ) 39,681 (5,442,400 ) Net fee and commission income (expenses) 349,393 471,869 312,034 1,133,296 580,435 (152,597 ) 261,829 (16,792 ) 541,343 7,490 2,355,004 Fee and commission income 459,879 577,845 445,638 1,483,362 683,600 11,095 1,406,273 239 617,622 (322,944 ) 3,879,247 Fee and commission expense (110,486 ) (105,976 ) (133,604 ) (350,066 ) (103,165 ) (163,692 ) (1,144,444 ) (17,031 ) (76,279 ) 330,434 (1,524,243 ) Net insurance income (expenses) — — — — — 415,112 15,748 (122,295 ) — (9,053 ) 299,512 Insurance income — — — — — 11,375,543 28,874 942,662 — (29,897 ) 12,317,182 Insurance expenses — — — — — (10,960,431 ) (13,126 ) (1,064,957 ) — 20,844 (12,017,670 ) Net gains (losses) on financial instruments at fair value through profit or loss (2,526 ) — 425,150 422,624 (103,815 ) 265,187 371 66,773 137,680 (144,948 ) 643,872 Net other operating income (expenses) (611,471 ) (640,427 ) 651,259 (600,639 ) 87,897 (12,640 ) (247,200 ) (2,272 ) (242,567 ) (45,903 ) (1,063,324 ) General and administrative expenses ₩ (1,241,721 ) ₩ (1,982,375 ) ₩ (663,323 ) ₩ (3,887,419 ) ₩ (757,276 ) ₩ (843,800 ) ₩ (441,921 ) ₩ (66,514 ) ₩ (373,919 ) ₩ 99,832 ₩ (6,271,017 ) Operating profit before provision for credit losses 1,338,555 997,128 1,095,966 3,431,649 337,129 287,640 819,115 18,148 359,049 (91,896 ) 5,160,834 Reversal (provision) for credit losses 125,919 (235,995 ) 6,546 (103,530 ) (14,366 ) 12,959 (439,765 ) 3,084 (128,331 ) (236 ) (670,185 ) Net operating income 1,464,474 761,133 1,102,512 3,328,119 322,763 300,599 379,350 21,232 230,718 (92,132 ) 4,490,649 Share of profit (loss) of associates and joint ventures — — 29,240 29,240 (103 ) (21 ) 1,106 — 7,201 (20,972 ) 16,451 Net other non-operating (262 ) — (38,625 ) (38,887 ) 30,518 26,490 3,362 (30 ) 34,644 (29,211 ) 26,886 Segment profit before income tax 1,464,212 761,133 1,093,127 3,318,472 353,178 327,068 383,818 21,202 272,563 (142,315 ) 4,533,986 Income tax expense (404,426 ) (209,311 ) (265,656 ) (879,393 ) (95,271 ) (92,381 ) (67,262 ) (5,238 ) (90,366 ) 9,124 (1,220,787 ) Profit for the year ₩ 1,059,786 ₩ 551,822 ₩ 827,471 ₩ 2,439,079 ₩ 257,907 ₩ 234,687 ₩ 316,556 ₩ 15,964 ₩ 182,197 ₩ (133,191 ) ₩ 3,313,199 Profit attributable to shareholders of the Parent Company 1,059,786 551,822 827,471 2,439,079 257,893 234,326 316,545 15,964 179,783 (131,762 ) 3,311,828 Profit attributable to non-controlling — — — — 14 361 11 — 2,414 (1,429 ) 1,371 Total assets* 139,496,393 147,468,173 100,460,472 387,425,038 47,816,512 36,552,368 22,990,115 9,801,904 42,140,936 (28,188,756 ) 518,538,117 Total liabilities* 142,063,122 161,834,984 54,522,699 358,420,805 43,131,858 32,689,460 18,925,195 9,186,567 18,675,585 (1,610,678 ) 479,418,792 2020 Banking business Securities Non-life Credit card Life Others Consolidation Total Corporate Retail Other Sub-total (In millions of Korean won) Operating revenues from external customers ₩ 2,833,601 ₩ 2,918,826 ₩ 1,797,921 ₩ 7,550,348 ₩ 1,448,409 ₩ 1,027,269 ₩ 1,538,230 ₩ 237,416 ₩ 690,970 ₩ — ₩ 12,492,642 Intersegment operating revenues (expenses) 178,199 — 108,118 286,317 (6,366 ) 5,976 (183,480 ) (9,655 ) 324,910 (417,702 ) — 3,011,800 2,918,826 1,906,039 7,836,665 1,442,043 1,033,245 1,354,750 227,761 1,015,880 (417,702 ) 12,492,642 Net interest income 3,238,002 3,178,280 338,484 6,754,766 510,566 615,951 1,265,703 260,925 314,832 (469 ) 9,722,274 Interest income 4,899,943 4,519,579 1,036,643 10,456,165 820,100 616,852 1,631,520 261,056 726,668 (26,614 ) 14,485,747 Interest expense (1,661,941 ) (1,341,299 ) (698,159 ) (3,701,399 ) (309,534 ) (901 ) (365,817 ) (131 ) (411,836 ) 26,145 (4,763,473 ) Net fee and commission income (expenses) 363,459 406,603 297,860 1,067,922 916,758 (171,220 ) 400,485 (18,059 ) 776,282 (13,229 ) 2,958,939 Fee and commission income 480,190 529,178 440,319 1,449,687 1,037,545 8,571 1,485,718 98 871,499 (326,094 ) 4,527,024 Fee and commission expense (116,731 ) (122,575 ) (142,459 ) (381,765 ) (120,787 ) (179,791 ) (1,085,233 ) (18,157 ) (95,217 ) 312,865 (1,568,085 ) Net insurance income (expenses) — — — — — 376,827 13,283 (91,410 ) — 1,293 299,993 Insurance income — — — — — 12,367,894 23,989 2,026,052 — (31,295 ) 14,386,640 Insurance expenses — — — — — (11,991,067 ) (10,706 ) (2,117,462 ) — 32,588 (14,086,647 ) Net gains (losses) on financial instruments at fair value through profit or loss (52,493 ) — 296,676 244,183 117,792 259,274 5,904 71,350 396,626 (83,763 ) 1,011,366 Net other operating income (expenses) (537,168 ) (666,057 ) 973,019 (230,206 ) (103,073 ) (47,587 ) (330,625 ) 4,955 (471,860 ) (321,534 ) (1,499,930 ) General and administrative expenses ₩ (1,555,089) ₩ (2,072,515) ₩ (573,742) ₩ (4,201,346) ₩ (844,503) ₩ (829,263) ₩ (514,845) ₩ (152,271) ₩ (405,530) ₩ 114,606 ₩ (6,833,152) Operating profit before provision for credit losses 1,456,711 846,311 1,332,297 3,635,319 597,540 203,982 839,905 75,490 610,350 (303,096 ) 5,659,490 Reversal (provision) for credit losses (204,302 ) (264,943 ) (14,937 ) (484,182 ) (23,827 ) 7,569 (396,376 ) 472 (148,127 ) 973 (1,043,498 ) Net operating income 1,252,409 581,368 1,317,360 3,151,137 573,713 211,551 443,529 75,962 462,223 (302,123 ) 4,615,992 Share of profit (loss) of associates and joint ventures — — (48,158 ) (48,158 ) 3,598 (42 ) 1,127 1 553 (829 ) (43,750 ) Net other non-operating 5,490 — 23,354 28,844 4,472 16,142 (6,636 ) (16,270 ) 40,927 121,911 189,390 Segment profit before income tax 1,257,899 581,368 1,292,556 3,131,823 581,783 227,651 438,020 59,693 503,703 (181,041 ) 4,761,632 Income tax expense (339,728 ) (159,876 ) (312,700 ) (812,304 ) (156,135 ) (63,778 ) (114,027 ) (27,167 ) (97,268 ) 11,328 (1,259,351 ) Profit for the year ₩ 918,171 ₩ 421,492 ₩ 979,856 ₩ 2,319,519 ₩ 425,648 ₩ 163,873 ₩ 323,993 ₩ 32,526 ₩ 406,435 ₩ (169,713) ₩ 3,502,281 Profit attributable to shareholders of the Parent Company 917,956 421,492 958,747 2,298,195 425,622 163,884 324,662 32,526 404,381 (194,119 ) 3,455,151 Profit (loss) attributable to non-controlling 215 — 21,109 21,324 26 (11 ) (669 ) — 2,054 24,406 47,130 Total assets * 164,323,181 161,330,053 112,790,880 438,444,114 57,570,654 39,078,117 24,071,645 35,546,572 47,408,052 (31,446,962 ) 610,672,192 Total liabilities * 167,236,387 176,571,944 64,227,709 408,036,040 52,516,488 35,086,458 19,789,959 32,524,518 21,598,232 (2,240,962 ) 567,310,733 * Assets and liabilities of the reporting segments are amounts before intersegment transactions. |
Disclosure Of Products And Services Explanatory | Operating revenues from external customers by services for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Banking service ₩ 6,579,169 ₩ 6,946,626 ₩ 7,550,348 Securities service 997,898 1,113,200 1,448,409 Non-life 1,183,394 1,185,600 1,027,269 Credit card service 1,524,695 1,470,910 1,538,230 Life insurance service 113,238 107,404 237,416 Other service 461,293 608,111 690,970 ₩ 10,859,687 ₩ 11,431,851 ₩ 12,492,642 |
Disclosure Of Geographical Areas Explanatory | Geographical operating revenues from external customers for the years ended December 31, 2018, 2019 and 2020, and major non-current Revenues from external customers Major non-current 2018 2019 2020 December 31, 2019 December 31, 2020 (In millions of Korean won) Domestic ₩ 10,666,586 ₩ 11,142,264 ₩ 11,891,540 ₩ 9,515,220 ₩ 10,603,254 United States 46,391 72,945 114,044 386,724 45,353 New Zealand 6,213 6,946 3,554 3,516 2,385 China 94,996 109,574 84,821 15,119 13,971 Cambodia 11,062 19,534 250,426 7,162 32,354 United Kingdom 8,119 10,037 28,681 85,634 81,879 Others 26,320 70,551 119,576 551,039 51,288 Consolidation — — — 68,764 487,742 ₩ 10,859,687 ₩ 11,431,851 ₩ 12,492,642 ₩ 10,633,178 ₩ 11,318,226 |
Financial Assets and Financia_2
Financial Assets and Financial Liabilities(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Financial Instruments Abstract [Abstract] | |
Disclosure Of Fair Value Measurement Explanatory | Carrying amount and fair value of financial assets and liabilities by category as of December 31, 2019 and 2020, are as follows: December 31, 2019 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 20,837,878 ₩ 20,835,235 Financial assets at fair value through profit or loss 53,549,086 53,549,086 Due from financial institutions 216,367 216,367 Debt securities 50,721,526 50,721,526 Equity securities 2,103,843 2,103,843 Loans 427,545 427,545 Others 79,805 79,805 Derivatives held for trading 3,008,598 3,008,598 Derivatives held for hedging 182,075 182,075 Loans measured at amortized cost 339,684,059 340,836,884 Securities measured at amortized cost 25,346,555 26,570,494 Financial assets at fair value through other comprehensive income 46,436,051 46,436,051 Debt securities 43,556,848 43,556,848 Equity securities 2,504,105 2,504,105 Loans 375,098 375,098 Other financial assets 9,147,059 9,147,059 ₩ 498,191,361 ₩ 500,565,482 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,663,327 ₩ 2,663,327 Financial liabilities designated at fair value through profit or loss 12,704,826 12,704,826 Derivatives held for trading 2,842,950 2,842,950 Derivatives held for hedging 164,391 164,391 Deposits 305,592,771 306,048,291 Borrowings 37,818,860 37,808,944 Debentures 50,935,583 51,558,748 Other financial liabilities 22,629,587 22,629,587 ₩ 435,352,295 ₩ 436,421,064 December 31, 2020 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 25,608,842 ₩ 25,612,273 Financial assets at fair value through profit or loss 61,035,455 61,035,455 Due from financial institutions 100,094 100,094 Debt securities 58,415,100 58,415,100 Equity securities 2,092,313 2,092,313 Loans 337,983 337,983 Others 89,965 89,965 Derivatives held for trading 5,210,512 5,210,512 Derivatives held for hedging 334,873 334,873 Loans measured at amortized cost 377,166,984 378,791,808 Securities measured at amortized cost 36,870,229 38,026,073 Financial assets at fair value through other comprehensive income 61,825,197 61,825,197 Debt securities 58,456,889 58,456,889 Equity securities 3,074,899 3,074,899 Loans 293,409 293,409 Other financial assets 14,167,689 14,167,689 ₩ 582,219,781 ₩ 585,003,881 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,025,951 ₩ 2,025,951 Financial liabilities designated at fair value through profit or loss 9,784,107 9,784,107 Derivatives held for trading 5,014,072 5,014,072 Derivatives held for hedging 208,825 208,825 Deposits 338,580,220 338,833,784 Borrowings 49,827,156 50,081,900 Debentures 62,760,687 63,189,132 Other financial liabilities 28,612,287 28,612,287 ₩ 496,813,305 ₩ 497,750,058 Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The Group discloses the fair value of each class of assets and liabilities in a way that permits it to be compared with its carrying amount at the end of each reporting period. The best evidence of fair value of financial instruments is a quoted price in an active market. Methods of determining fair value of financial instruments are as follows: Cash and due from financial institutions Carrying amounts of cash and demand due from financial institutions and payment due from financial institutions are reasonable approximation of fair values. These financial instruments do not have a fixed maturity and are receivable on demand. Fair value of ordinary due from financial institutions is measured using Discounted Cash Flow (“DCF”) Model. Securities Fair value of financial instruments that are quoted in active markets is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institution. The institutions use one or more of the following valuation techniques including DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method, deemed suitable considering the characteristics of the financial instruments. Loans measured at amortized cost DCF model is used to determine the fair value of loans. Fair value is determined by discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Derivatives and financial instruments at fair value through profit or loss For exchange traded derivatives, quoted price in an active market is used to determine fair value and for OTC derivatives, fair value is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair values of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including the Finite Difference Method (“FDM”), the MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form and Tree Model or valuation results from independent external professional valuation institution. Deposits Carrying amount of demand deposits is regarded as representative of fair value because they do not have a fixed maturity and are payable on demand. Fair value of time deposits is determined using a DCF model. Fair value is determined by discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Borrowings Carrying amount of overdraft in foreign currency is regarded as representative of fair value because they do not have a fixed maturity and are payable on demand. Fair value of other borrowings is determined using a DCF model discounting contractual future cash flows at an appropriate discount rate. Debentures Fair value is determined by using the valuation results of external professional valuation institution, which are calculated using market inputs. Other financial assets and liabilities Carrying amounts are reasonable approximation of fair values. These financial instruments are temporary accounts used for other various transactions and their maturities are relatively short or not defined. Fair value hierarchy of financial assets and liabilities at fair value in the consolidated statements of financial position as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 11,177,716 ₩ 31,476,070 ₩ 10,895,300 ₩ 53,549,086 Due from financial institutions — 165,242 51,125 216,367 Debt securities 9,853,733 30,735,027 10,132,766 50,721,526 Equity securities 1,244,178 336,389 523,276 2,103,843 Loans — 239,412 188,133 427,545 Others 79,805 — — 79,805 Derivatives held for trading 72,983 2,398,831 536,784 3,008,598 Derivatives held for hedging — 182,075 — 182,075 Financial assets at fair value through other comprehensive income 15,188,993 29,764,660 1,482,398 46,436,051 Debt securities 14,236,566 29,320,282 — 43,556,848 Equity securities 952,427 69,280 1,482,398 2,504,105 Loans — 375,098 — 375,098 ₩ 26,439,692 ₩ 63,821,636 ₩ 12,914,482 ₩ 103,175,810 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,663,327 ₩ — ₩ — ₩ 2,663,327 Financial liabilities designated at fair value through profit or loss 492 1,482,302 11,222,032 12,704,826 Derivatives held for trading 157,634 2,458,498 226,818 2,842,950 Derivatives held for hedging — 164,391 — 164,391 ₩ 2,821,453 ₩ 4,105,191 ₩ 11,448,850 ₩ 18,375,494 December 31, 2020 Fair value hierarchy Total Level 1 Level 2 Level 3* (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 14,508,028 ₩ 35,298,665 ₩ 11,228,762 ₩ 61,035,455 Due from financial institutions — 10,011 90,083 100,094 Debt securities 13,316,819 34,580,168 10,518,113 58,415,100 Equity securities 1,101,244 409,259 581,810 2,092,313 Loans — 299,227 38,756 337,983 Others 89,965 — — 89,965 Derivatives held for trading 90,459 4,678,185 441,868 5,210,512 Derivatives held for hedging — 334,873 — 334,873 Financial assets at fair value through other comprehensive income 18,731,801 40,645,505 2,447,891 61,825,197 Debt securities 18,147,167 40,309,722 — 58,456,889 Equity securities 584,634 70,357 2,419,908 3,074,899 Loans — 265,426 27,983 293,409 ₩33,330,288 ₩80,957,228 ₩14,118,521 ₩128,406,037 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,025,951 ₩ — ₩ — ₩ 2,025,951 Financial liabilities designated at fair value through profit or loss 1,040 581,636 9,201,431 9,784,107 Derivatives held for trading 204,470 4,668,155 141,447 5,014,072 Derivatives held for hedging — 208,825 — 208,825 ₩2,231,461 ₩5,458,616 ₩9,342,878 ₩17,032,955 * Included KB Securities Co., Ltd.’s OTC derivatives consist of ₩ 635,920 million of financial assets at fair value through profit or loss (debt instruments), ₩ 9,201,431 million of financial liabilities designated at fair value through profit or loss, ₩ 441,775 million of derivative financial assets and ₩ 134,934 million of derivative financial liabilities. Valuation techniques and inputs of financial assets and liabilities classified as Level 2 and measured at fair value in the consolidated statements of financial position as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 31,476,070 Due from financial institutions 165,242 DCF Model, One factor Hull-White Model Discount rate, Volatility and others Debt securities 30,735,027 DCF Model, Closed Form, Option Model, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Net Asset Value Method and others Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient and others Equity securities 336,389 DCF Model Interest rate, Discount rate and others Loans 239,412 DCF Model Interest rate, Discount rate and others Derivatives held for trading 2,398,831 DCF Model, Closed Form, FDM, Option Model, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model and others Discount rate, Underlying asset Index, Volatility, Correlation coefficient, Interest rate, Stock price, Foreign exchange rate, Dividend yield, Probability of default (PD), Credit spread and others Derivatives held for hedging 182,075 DCF Model, Closed Form, FDM and others Discount rate, Volatility, Foreign exchange rate and others Financial assets at fair value through other comprehensive income 29,764,660 Debt securities 29,320,282 DCF Model, Option Model, Market value approach Discount rate, Underlying asset Index, Volatility and others Equity securities 69,280 DCF Model, Black-Scholes Model Discount rate, Underlying asset Index, Volatility and others Loans 375,098 DCF Model Discount rate, Underlying asset Index, Volatility and others ₩ 63,821,636 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 1,482,302 Derivatives held for trading 2,458,498 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Option Model, FDM and others Discount rate, Underlying asset Index, Volatility, Correlation coefficient, Interest rate, Stock price, Foreign exchange rate, Dividend yield, Probability of default (PD), Credit spread and others Derivatives held for hedging 164,391 DCF Model, Closed Form, FDM and others Discount rate, Volatility, Foreign exchange rate and others ₩ 4,105,191 December 31, 2020 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss ₩ 35,298,665 Due from financial institutions 10,011 DCF Model Projected cash flow, Discount rate Debt securities 34,580,168 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Net Asset Value Method and others Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient and others Equity securities 409,259 DCF Model Interest rate, Discount rate and others Loans 299,227 DCF Model Interest rate, Discount rate and others Derivatives held for trading 4,678,185 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Discount rate, Underlying asset Index, Volatility, Interest rate, Stock price, Foreign exchange rate, Dividend yield and others Derivatives held for hedging 334,873 DCF Model, Closed Form, FDM and others Discount rate, Volatility, Foreign exchange rate and others Financial assets at fair value through other comprehensive income 40,645,505 Debt securities 40,309,722 DCF Model, Market value approach Discount rate, Volatility and others Equity securities 70,357 DCF Model Interest rate, Discount rate and others Loans 265,426 DCF Model Discount rate, Volatility and others ₩ 80,957,228 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 581,636 Derivatives held for trading 4,668,155 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model and others Discount rate, Price of underlying asset, Volatility, Interest rate, Stock price, Foreign exchange rate, Dividend yield and others Derivatives held for hedging 208,825 DCF Model, Closed Form, FDM and others Discount rate, Foreign exchange rate and others ₩ 5,458,616 Fair value hierarchy of financial assets and liabilities whose fair value is disclosed Fair value hierarchy of financial assets and liabilities whose fair value is disclosed as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 3,015,104 ₩ 13,812,640 ₩ 4,007,491 ₩ 20,835,235 Loans measured at amortized cost — 372,988 340,463,896 340,836,884 Securities measured at amortized cost 9,587,770 16,979,656 3,068 26,570,494 Other financial assets 2 — — 9,147,059 9,147,059 ₩ 12,602,874 ₩ 31,165,284 ₩ 353,621,514 ₩ 397,389,672 Financial liabilities Deposits 1 ₩ — ₩ 142,021,800 ₩ 164,026,491 ₩ 306,048,291 Borrowings 3 — 1,469,263 36,339,681 37,808,944 Debentures — 46,969,992 4,588,756 51,558,748 Other financial liabilities 2 — — 22,629,587 22,629,587 ₩ — ₩ 190,461,055 ₩ 227,584,515 ₩ 418,045,570 December 31, 2020 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 3,362,096 ₩ 19,573,075 ₩ 2,677,102 ₩ 25,612,273 Loans measured at amortized cost — 271,241 378,520,567 378,791,808 Securities measured at amortized cost 19,438,941 18,584,264 2,868 38,026,073 Other financial assets 2 — — 14,167,689 14,167,689 ₩ 22,801,037 ₩ 38,428,580 ₩ 395,368,226 ₩ 456,597,843 Financial liabilities Deposits 1 ₩ — ₩ 181,472,846 ₩ 157,360,938 ₩ 338,833,784 Borrowings 3 — 1,149,734 48,932,166 50,081,900 Debentures — 57,916,235 5,272,897 63,189,132 Other financial liabilities 2 — — 28,612,287 28,612,287 ₩ — ₩ 240,538,815 ₩ 240,178,288 ₩ 480,717,103 1 The amounts included in Level 2 are the carrying amounts which are reasonable approximations of the fair value. 2 Other financial assets and other financial liabilities included in Level 3 are the carrying amounts which are reasonable approximation of fair value. 3 Borrowings of ₩ 4,685 million and ₩ 292 million included in Level 2 is the carrying amounts which are reasonable approximation of fair value as of December 31, 2019 and 2020, respectively. For financial assets and liabilities whose carrying amount is a reasonable approximation of fair value, valuation techniques and inputs are not disclosed. Valuation techniques and inputs of financial assets and liabilities classified as Level 2, and whose fair value is disclosed as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 372,988 DCF Model Discount rate Securities measured at amortized cost 16,979,656 DCF Model, MonteCarlo Simulation Discount rate, ₩ 17,352,644 Financial liabilities Borrowings ₩ 1,464,578 DCF Model Discount rate Debentures 46,969,992 DCF Model Discount rate ₩ 48,435,570 December 31, 2020 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 271,241 DCF Model Discount rate Securities measured at amortized cost 18,584,264 DCF Model, MonteCarlo Simulation Discount rate, ₩ 18,855,505 Financial liabilities Borrowings ₩ 1,149,442 DCF Model Discount rate Debentures 57,916,235 DCF Model Discount rate ₩ 59,065,677 Valuation techniques and inputs of financial assets and liabilities classified as Level 3 and, whose fair value is disclosed and as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation Inputs (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 4,007,491 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 340,463,896 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate Securities measured at amortized cost 3,068 DCF Model Interest rate ₩ 344,474,455 Financial liabilities Deposits ₩ 164,026,491 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 36,339,681 DCF Model Other spread, Interest rate Debentures 4,588,756 DCF Model Other spread, Interest rate ₩ 204,954,928 December 31, 2020 Fair value Valuation Inputs ( In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 2,677,102 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 378,520,567 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate Securities measured at amortized cost 2,868 DCF Model Interest rate ₩ 381,200,537 Financial liabilities Deposits ₩ 157,360,938 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 48,932,166 DCF Model Other spread, Interest rate Debentures 5,272,897 DCF Model Other spread, Interest rate ₩ 211,566,001 |
Disclosure Of Fair Value Hierarchy Group Classifies And Discloses Fair Value Of Financial Instruments [Text Block] | The Group believes that valuation methods used for measuring the fair values of financial instruments are reasonable and that the fair values recognized in the consolidated statement of financial position are appropriate. However, the fair values of the financial instruments recognized in the consolidated statement of financial position may be different if other valuation methods or assumptions are used. Additionally, as there is a variety of valuation techniques and assumptions used in measuring fair value, it may be difficult to reasonably compare the fair value with that of other financial institutions. The Group classifies and discloses fair value of the financial instruments into the three-level hierarchy as follows: Level 1: The fair values are based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. Level 2: The fair values are based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: The fair values are based on unobservable inputs for the asset or liability. 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. If an observable input requires an adjustment using an unobservable input and that adjustment results in a significantly higher or lower fair value measurement, the resulting measurement would be categorized within Level 3 of the fair value hierarchy. |
Disclosure Of Changes In Level 3 Of The Fair Value Hierarchy [Text Block] | Changes in financial instruments classified as Level 3 of the fair value hierarchy for the years ended December 31, 2019 and 2020, are as follows: 2019 Financial assets at fair Financial Financial liabilities at Net derivatives Due from financial Securities Loans measured at Financial assets Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 48,743 ₩ 7,464,860 ₩ 213,203 ₩ 1,332,718 ₩ (10,873,383 ) ₩ (300,131 ) Total gains or losses Profit or loss 1,207 (66,208 ) 10,412 — (1,285,157 ) 851,453 Other comprehensive income (loss) 1,175 111,826 — 55,993 (25,538 ) — Purchases — 4,544,254 154,005 95,359 — — Sales — (2,139,174 ) (189,487 ) (1,672 ) — (163,856 ) Issues — — — — (12,416,402 ) (59,202 ) Settlements — — — — 13,378,448 (1,316 ) Transfers into Level 3* — 851,457 — — — (16,982 ) Transfers out of Level 3* — (110,973 ) — — — — Ending ₩ 51,125 ₩ 10,656,042 ₩ 188,133 ₩ 1,482,398 ₩ (11,222,032 ) ₩ 309,966 2020 Financial assets at fair Financial Financial liabilities at Net derivatives Due from financial Securities Loans measured at Equity securities Loans measured Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 51,125 ₩ 10,656,042 ₩ 188,133 ₩ 1,482,398 ₩ — ₩ (11,222,032 ) ₩ 309,966 Total gains or losses Profit or loss (2,021 ) 22,069 627 (206 ) — (406,788 ) 400,241 Other comprehensive income (loss) (7,693 ) 144,963 — 815,244 (217 ) (27,876 ) — Purchases 135,227 3,519,573 — 122,827 40,000 — (24,165 ) Sales (86,555 ) (3,263,111 ) (150,004 ) (355 ) (11,800 ) — (328,348 ) Issues — — — — — (9,333,419 ) (42,732 ) Settlements — — — — — 11,788,684 90 Transfers into Level 3* — 129,580 — — — — (1,044 ) Transfers out of Level 3* — (109,193 ) — — — — (13,587 ) Ending ₩ 90,083 ₩ 11,099,923 ₩ 38,756 ₩ 2,419,908 ₩ 27,983 ₩ (9,201,431 ) ₩ 300,421 * Changes in levels for the financial instruments occurred due to the change in the availability of observable market data. |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings Text Block [Text Block] | In relation to changes in Level 3 of the fair value hierarchy, total gains or losses recognized in profit or loss for the year, and total gains or losses recognized in profit or loss from financial instruments held at the end of the reporting period for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 Net gains (losses) Other operating Net interest Net losses on Other operating Net interest (In millions of Korean won) Total gains (losses) recognized in profit or loss for the year ₩ (36,466) ₩ (405) ₩ 617 ₩ (489,703) ₩ 1,388 ₩ 22 Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting year 144,674 (289 ) 43 (37,668 ) 1,331 — 2020 Net gains on financial Other operating Net interest income (In millions of Korean won) Total gains (losses) recognized in profit or loss for the year ₩ 70,251 ₩ (56,329 ) ₩ — Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting year 129,824 (60,884 ) — |
Information About Fair Value Measurements Using Unobservable Inputs Assets[Text Block] | Information about fair value measurements using unobservable inputs as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial assets Financial assets at fair value through profit or loss Due from financial institutions ₩ 51,125 Option Model Volatility of the underlying asset 11.43~34.39 The higher the volatility of the underlying asset, the higher the fair value fluctuation Correlation coefficient -4.84 The higher the correlation coefficient, the higher the fair value fluctuation Debt securities 10,132,766 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value, Income approach, Market approach and others Growth rate -1.00~1.00 The higher the growth rate, the higher the fair value Volatility 1.00~48.00 The higher the volatility, the higher the fair value fluctuation Discount rate 0.75~17.37 The lower the discount rate, the higher the fair value Recovery rate 40.00 The higher the recovery rate, the higher the fair value Correlation coefficient between underlying assets 3.11~95.67 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value 0.00 The higher the liquidation value, the higher the fair value Volatility of real estate price -1.00~1.00 The higher the price of real estate, the higher the fair value Equity securities 523,276 Income approach, Market value approach, Asset value approach, DCF Model, Comparable Company Analysis, Risk adjusted discount rate method, Dividend Discount Model, Usage of past transactions, Binomial Model and others Growth rate 0.00~2.20 The higher the growth rate, the higher the fair value Discount rate 2.00~22.00 The lower the discount rate, the higher the fair value Liquidation value -1.00~1.00 The higher the liquidation value, the higher the fair value Volatility 11.90 The higher the volatility, the higher the fair value fluctuation Loans 188,133 Binomial Model, DCF Model Volatility of the stock price 12.91~48.28 The higher the volatility, the higher the fair value fluctuation Discount rate 10.81 The lower the discount rate, the higher the fair value Derivatives held for trading Stock and index ₩ 416,486 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Volatility of the underlying asset 9.75~52.00 The higher the volatility, the higher the fair value fluctuation Model, Black-Scholes Model, Binomial Model Correlation coefficient between underlying assets 4.00~77.00 The higher the correlation coefficient, the higher the fair value fluctuation Currency and interest rate 120,298 DCF Model, Hull-White Model Volatility 2.00~58.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -49.00~90.00 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income Equity securities 1,482,398 Risk adjusted discount rate method, IMV Model, DCF Model, Comparable Company Analysis, Dividend discount model, Option Model, Net Asset value method, Market approach, One Factor Hull-White Model and others Growth rate 0.00~2.20 The higher the growth rate, the higher the fair value Discount rate 3.04~16.37 The lower the discount rate, the higher the fair value Volatility 20.97~34.87 The higher the volatility, the higher the fair value fluctuation ₩12,914,482 December 31, 2020 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to fair value (In millions of Financial assets Financial assets at fair value through profit or loss Due from financial institutions ₩ 90,083 MonteCarlo Simulation Volatility of the underlying asset 19.40 ~ 36.76 The higher the volatility of the underlying asset, the higher the fair value fluctuation Correlation coefficient 12.27 The higher the correlation coefficient, the higher the fair value fluctuation Debt securities 10,518,113 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Income approach, Market approach and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Volatility 8.00 ~ 179.75 The higher the volatility, the higher the fair value fluctuation Discount rate 0.00 ~ 21.37 The lower the discount rate, the higher the fair value Recovery rate 40 The higher the recovery rate, the higher the fair value Correlation coefficient between underlying assets -61.12 ~ 100.00 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value 0.00 The higher the liquidation value, the higher the fair value Volatility of real estate price 0.00 The higher the price of real estate, the higher the fair value Equity securities ₩ 581,810 Income approach, Market approach, Asset value approach, DCF Model, Comparable Company Analysis, Risk adjusted discount rate method, Dividend Discount Model, Usage of past transactions, Binomial Model and others Growth rate 0.00 ~ 1.10 The higher the growth rate, the higher the fair value Discount rate 0.60 ~ 18.67 The lower the discount rate, the higher the fair value Liquidation value 0.00 The higher the liquidation value, the higher the fair value Loans 38,756 Binomial Model, DCF Model Volatility of the stock price 0.00 The higher the volatility, the higher the fair value fluctuation Discount rate 7.86 The lower the discount rate, the higher the fair value Derivatives held for trading Stock and index ₩ 382,337 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Volatility of the underlying asset 20.00 ~ 72.00 The higher the volatility, the higher the fair value fluctuation Model, Black-Scholes Model, Binomial Model Correlation coefficient between underlying assets -61.12 ~ 89.01 The higher the correlation coefficient, the higher the fair value fluctuation Others 59,531 DCF Model, Hull-White Model Volatility 0.00 ~ 68.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -50.48 ~ 90.95 The higher the correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income Equity securities 2,419,908 Risk adjusted discount rate method, IMV Model, DCF Model, Comparable Company Analysis, Dividend discount model, Option Model, Net Asset Value Method, Market approach, One Factor Hull-White Model and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 7.60 ~ 19.67 The lower the discount rate, the higher the fair value Volatility 22.11 ~ 24.16 The higher the volatility, the higher the fair value fluctuation Loans 27,983 DCF Model Discount rate 2.21 ~ 4.21 The lower the discount rate, the higher the fair value ₩ 14,118,521 |
Information About Fair Value Measurements Using Unobservable Inputs Liabilities [Text Block] | Information about fair value measurements using unobservable inputs as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial liabilities Financial liabilities designated at fair value through profit or loss Derivative-linked securities ₩ 11,222,032 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model Volatility of the underlying asset 1.00~58.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -49.00~90.00 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation Derivatives held for trading Stock and index 54,341 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Binomial Model Volatility 12.00~52.00 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets 9.00~77.00 The higher the correlation coefficient, the higher the fair value fluctuation Others 172,477 MonteCarlo Simulation, Hull and White Model, DCF Model, Closed Form Volatility 2.00~58.00 The higher the volatility, the higher the fair value fluctuation Volatility of the stock price 16.28 The higher the volatility, the higher the fair value fluctuation Volatility of the interest rate 0.52 The higher the volatility, the higher the fair value fluctuation Discount rate 1.94~2.00 The higher the discount rate, the lower the fair value Correlation coefficient between underlying assets 19.00~90.00 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation ₩ 11,448,850 December 31, 2020 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to fair value (In millions of Financial liabilities Financial liabilities designated at fair value through profit or loss Derivative-linked securities ₩ 9,201,431 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Volatility of the underlying asset 1.00 ~ 72.00 The higher the volatility, the higher the fair value fluctuation Model, Black-Scholes Model Correlation coefficient between underlying assets -61.12 ~ 90.95 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation Derivatives held for trading Stock and index 60,291 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Volatility 20.00 ~ 68.00 The higher the volatility, the higher the fair value fluctuation Model, Black-Scholes Model, Binomial Model Correlation coefficient between underlying assets -61.12 ~ 90.95 The higher the correlation coefficient, the higher the fair value fluctuation Others 81,156 MonteCarlo Simulation, Hull and White Model, DCF Model, Closed Form Volatility 21.00 ~ 68.00 The higher the volatility, the higher the fair value fluctuation Discount rate 1.15 ~ 1.29 The higher the discount rate, the lower the fair value Correlation coefficient between underlying assets -50.48 ~ 90.95 The higher the absolute value of correlation coefficient, the higher the fair value fluctuation ₩ 9,342,878 |
Sensitivity Analysis Of Changes In Unobservable Inputs Of Financial Assets [Text Block] | Results of the sensitivity analysis of changes in inputs as of December 31, 2019 and 2020, are as follows: December 31, 2019 Profit or loss Other comprehensive income (loss) Favorable changes Unfavorable Favorable Unfavorable (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss 1 Due from financial institutions ₩ 3 ₩ (3) ₩ 2 ₩ (2) Debt securities 4 30,771 (27,062 ) 2,341 (2,276 ) Equity securities 3 24,456 (10,251 ) 1,110 (824 ) Loans 5 6,362 (4,344 ) — — Derivatives held for trading 2 25,830 (29,317 ) — — Financial assets at fair value through other comprehensive income Equity securities 3 — — 214,268 (110,687 ) ₩ 87,422 ₩ (70,977) ₩ 217,721 ₩ (113,789) December 31, 2020 Profit or loss Other comprehensive income (loss) Favorable changes Unfavorable changes Favorable Unfavorable (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss 1 Due from financial institutions ₩ 2 ₩ (2 ) ₩ 199 ₩ (222 ) Debt securities 4 35,790 (12,826 ) 2,123 (2,122 ) Equity securities 3 16,125 (8,275 ) 973 (744 ) Loans 5 3,316 (2,952 ) — — Derivatives held for trading 2 22,783 (25,013 ) — — Financial assets at fair value through other comprehensive income Equity securities 3 — — 120,652 (73,434 ) Loans 6 — — 534 (518 ) ₩ 78,016 ₩ (49,068 ) ₩ 124,481 ₩ (77,040 ) 1 For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by ± 10%. 2 For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by ± 10% and the loss given default ratio, discount rate by ± 1%. 3 For equity securities, changes in fair value are calculated by shifting principal unobservable input parameters; such as, correlation between growth rate (0~1%) and discount rate (-1~1%) (-1~1%) (-1~1%). 4 For beneficiary certificates, it is practically impossible to analyze sensitivity of changes in unobservable inputs. But only for beneficiary certificates whose underlying assets are real estates, changes in fair value are calculated by shifting correlation between discount rate of rent cashflow (-1~1%) (-1~1%). 5 For loans, changes in fair value are calculated by shifting principal unobservable input parameters such as stock price, volatility of stock price (-10~10%), (-1~1%). 6 For loans measured at fair value through other comprehensive income, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate, volatility of the underlying asset 1%, growth rate 10%. |
Sensitivity Analysis Of Changes In Unobservable Inputs Of Liabilities [Text Block] | Results of the sensitivity analysis of changes in inputs as of December 31, 2019 and 2020, are as follows: December 31, 2019 Profit or loss Other comprehensive income (loss) Favorable changes Unfavorable Favorable Unfavorable (In millions of Korean won) Financial liabilities Financial liabilities designated at fair value through profit or loss 1 ₩ 49,730 ₩ (44,136) ₩ — ₩ — Derivatives held for trading 2 14,638 (13,572 ) — — ₩ 64,368 ₩ (57,708) ₩ — ₩ — December 31, 2020 Profit or loss Other comprehensive income (loss) Favorable changes Unfavorable changes Favorable Unfavorable Financial liabilities Financial liabilities designated at fair value through profit or loss 1 ₩ 46,859 ₩ (42,995 ) ₩ — ₩ — Derivatives held for trading 2 7,255 (7,139 ) — — ₩ 54,114 ₩ (50,134 ) ₩ — ₩ — 1 For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by ± 10%. 2 For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by ± 10% and the loss given default ratio, discount rate by ± 1%. 3 For equity securities, changes in fair value are calculated by shifting principal unobservable input parameters; such as, correlation between growth rate (0~1%) and discount rate (-1~1%) (-1~1%) (-1~1%). 4 For beneficiary certificates, it is practically impossible to analyze sensitivity of changes in unobservable inputs. But only for beneficiary certificates whose underlying assets are real estates, changes in fair value are calculated by shifting correlation between discount rate of rent cashflow (-1~1%) (-1~1%). 5 For loans, changes in fair value are calculated by shifting principal unobservable input parameters such as stock price, volatility of stock price (-10~10%), (-1~1%). 6 For loans measured at fair value through other comprehensive income, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate, volatility of the underlying asset 1%, growth rate 10%. |
Reconciliation Of Aggregate Difference Yet To Be Recognized In Profit Or Loss Table Text Block [Text Block] | Changes in aggregate deferred differences for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Korean won) Balance at the beginning of the year ₩ 62,155 ₩ 45,767 New transactions 168,225 166,555 Changes during the year (184,613 ) (150,929 ) Balance at the end of the year ₩ 45,767 ₩ 61,393 |
Carrying Amounts Of Financial Assets By Category [Text Block] | Financial assets and liabilities are measured at fair value or amortized cost. The carrying amounts of financial assets and liabilities by category as of December 31, 2019 and 2020, are as follows: December 31, 2019 Financial Financial Financial Financial Derivatives Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ — ₩ — ₩ — ₩ 20,837,878 ₩ — ₩ 20,837,878 Financial assets at fair value through profit or loss 53,549,086 — — — — 53,549,086 Derivatives 3,008,598 — — — 182,075 3,190,673 Loans measured at amortized cost — — — 339,684,059 — 339,684,059 Financial investments — 43,931,946 2,504,105 25,346,555 — 71,782,606 Other financial assets — — — 9,147,059 — 9,147,059 ₩ 56,557,684 ₩ 43,931,946 ₩ 2,504,105 ₩ 395,015,551 ₩ 182,075 ₩ 498,191,361 December 31, 2020 Financial Financial Financial Financial Derivatives Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ — ₩ — ₩ — ₩ 25,608,842 ₩ — ₩ 25,608,842 Financial assets at fair value through profit or loss 61,035,455 — — — — 61,035,455 Derivatives 5,210,512 — — — 334,873 5,545,385 Loans measured at amortized cost — — — 377,166,984 — 377,166,984 Financial investments — 58,750,298 3,074,899 36,870,229 — 98,695,426 Other financial assets — — — 14,167,689 — 14,167,689 ₩ 66,245,967 ₩ 58,750,298 ₩ 3,074,899 ₩ 453,813,744 ₩ 334,873 ₩ 582,219,781 |
Carrying Amounts Of Financial Liabilities By Category [Text Block] | Financial assets and liabilities are measured at fair value or amortized cost. The carrying amounts of financial assets and liabilities by category as of December 31, 2019 and 2020, are as follows: December 31, 2019 Financial Financial instruments Financial Derivatives Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,663,327 ₩ 12,704,826 ₩ — ₩ — ₩ 15,368,153 Derivatives 2,842,950 — — 164,391 3,007,341 Deposits — — 305,592,771 — 305,592,771 Borrowings — — 37,818,860 — 37,818,860 Debentures — — 50,935,583 — 50,935,583 Other financial liabilities — — 22,629,587 — 22,629,587 ₩ 5,506,277 ₩ 12,704,826 ₩ 416,976,801 ₩ 164,391 ₩ 435,352,295 December 31, 2020 Financial Financial Financial Derivatives held Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,025,951 ₩ 9,784,107 ₩ — ₩ — ₩ 11,810,058 Derivatives 5,014,072 — — 208,825 5,222,897 Deposits — — 338,580,220 — 338,580,220 Borrowings — — 49,827,156 — 49,827,156 Debentures — — 62,760,687 — 62,760,687 Other financial liabilities — — 28,612,288 — 28,612,288 ₩ 7,040,023 ₩ 9,784,107 ₩ 479,780,351 ₩ 208,825 ₩ 496,813,306 |
Disclosure Of Continuing Involvement In Derecognised Financial Assets Explanatory | The Group transferred loans and other financial assets that are derecognized in their entirety, to SPEs (special purpose entities), while the maximum exposure to loss (carrying amount) from its continuing involvement and fair value of its continuing involvement of the derecognized financial assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 Type of continuing Classification of financial Carrying amount Fair value of (In millions of Korean won) Discovery 2nd Securitization Specialty Co., Ltd. Subordinated debt Financial assets at fair value through profit or loss ₩ 5,596 ₩ 5,596 FK 1411 ABS Ltd. Subordinated debt Financial assets at fair value through profit or loss 5,428 5,428 AP 3B ABS Ltd. Subordinated debt Financial assets at fair value through profit or loss 3,205 3,205 AP 4D ABS Ltd. Subordinated debt Financial assets at fair value through profit or loss 6,175 6,175 ₩ 20,404 ₩ 20,404 December 31, 2020 Type of continuing Classification of financial Carrying amount Fair value of (In millions of Korean won) Discovery 2nd Securitization Specialty Co., Ltd. Subordinated debt Financial assets at fair value through profit or loss ₩ 5,190 ₩ 5,190 FK 1411 ABS Ltd. Subordinated debt Financial assets at fair value through profit or loss 1,062 1,062 AP 3B ABS Ltd. Subordinated debt Financial assets at fair value through profit or loss 646 646 AP 4D ABS Ltd. Subordinated debt Financial assets at fair value through profit or loss 6,304 6,304 ₩ 13,202 ₩ 13,202 |
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Explanatory | Transferred financial assets that are not derecognized in their entirety The Group securitized the loans and issued the asset-backed debentures. The senior debentures and related securitized assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 Carrying amount Fair value of Carrying amount Fair value of (In millions of Korean won) KB Kookmin Card 3 rd ₩ 601,659 ₩ 592,358 ₩ 351,207 ₩ 342,204 KB Kookmin Card 4 th 560,903 552,216 347,387 340,820 KB Kookmin Card 5 th 542,861 534,630 299,795 304,835 KB Kookmin Card 6 th 795,884 784,080 461,909 469,600 ₩ 2,501,307 ₩ 2,463,284 ₩ 1,460,298 ₩ 1,457,459 December 31, 2020 Carrying amount Fair value of Carrying amount Fair value of (In millions of Korean won) KB Kookmin Card 4 th ₩ 490,465 ₩ 488,251 ₩ 219,419 ₩ 226,401 KB Kookmin Card 5 th 476,523 474,481 299,838 304,914 KB Kookmin Card 6 th 701,360 698,421 434,492 472,861 KB Kookmin Card 7 th 924,159 919,775 553,711 591,609 ₩ 2,592,507 ₩ 2,580,928 ₩ 1,507,460 ₩ 1,595,785 * The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. Bonds sold under repurchase agreements and loaned securities The Group continues to recognize the financial assets related to bonds sold under repurchase agreements and securities lending transactions in the consolidated statement of financial position since those transactions are not qualified for derecognition even though the Group transfers the financial assets. Bonds sold under repurchase agreements are sold on the condition that they will be repurchased at a fixed price and loaned securities will be returned at the expiration of the loan period. Thus, the Group retains substantially all the risks and rewards of ownership of the financial assets. The carrying amount of transferred assets and related liabilities as of December 31, 2019 and 2020, are as follows: December 31, 2019 Carrying amount of Carrying amount of (In millions of Korean won) Bonds sold under repurchase agreements* ₩ 9,292,858 ₩ 8,884,847 Loaned securities Government bond 2,259,096 — Stock 25,725 — ₩ 11,577,679 ₩ 8,884,847 December 31, 2020 Carrying amount of Carrying amount of (In millions of Korean won) Bonds sold under repurchase agreements* ₩ 13,994,352 ₩ 13,398,140 Loaned securities Government bond 1,831,673 — Stock 19,811 — ₩ 15,845,836 ₩ 13,398,140 * Bonds sold under repurchase agreements using borrowed securities as collateral amounts to ₩4,126,274 million and ₩ 2,147,975 million as of December 31, 2019 and 2020, respectively. |
Disclosure Of Offsetting Of Financial Assets Explanatory | Details of financial assets subject to offsetting, enforceable master netting arrangements or similar agreements as of December 31, 2019 and 2020, are as follows: December 31, 2019 Gross assets Gross liabilities Net amounts in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivatives linked securities ₩ 3,043,757 ₩ — ₩ 3,043,757 ₩ (2,122,160 ) ₩ (288,040 ) ₩ 815,632 Derivatives held for hedging 182,075 — 182,075 Receivable spot exchange 3,051,390 — 3,051,390 (3,050,116 ) — 1,274 Bonds purchased under repurchase agreements 6,507,646 — 6,507,646 (6,507,046 ) — 600 Domestic exchange settlement debits 31,344,009 (30,794,160 ) 549,849 — — 549,849 Other financial instruments 1,043,320 (1,022,977 ) 20,343 (2,492 ) — 17,851 ₩ 45,172,197 ₩ (31,817,137 ) ₩ 13,355,060 ₩ (11,681,814 ) ₩ (288,040 ) ₩ 1,385,206 December 31, 2020 Gross assets Gross liabilities Net amounts in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivatives linked securities ₩ 5,425,708 ₩ — ₩ 5,425,708 ₩ (3,940,729 ) ₩ (263,564 ) ₩ 1,556,289 Derivatives held for hedging 334,874 — 334,874 Receivable spot exchange 3,435,657 — 3,435,657 (3,434,222 ) — 1,435 Bonds purchased under repurchase agreements 3,600,447 — 3,600,447 (3,600,447 ) — — Domestic exchange settlement debits 37,549,292 (36,823,836 ) 725,456 — — 725,456 Other financial instruments 4,560,879 (4,474,909 ) 85,970 — — 85,970 ₩ 54,906,857 ₩ (41,298,745 ) ₩ 13,608,112 ₩ (10,975,398 ) ₩ (263,564 ) ₩ 2,369,150 |
Disclosure Of Offsetting Of Financial Liabilities Explanatory | Details of financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreement as of December 31, 2019 and 2020, are as follows: December 31, 2019 Gross liabilities Gross assets Net amounts in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivatives linked securities ₩ 2,936,638 ₩ — ₩ 2,936,638 ₩ (2,182,243 ) ₩ (92,565 ) ₩ 826,221 Derivatives held for hedging 164,391 — 164,391 Payable spot exchange 3,050,982 — 3,050,982 (3,034,679 ) — 16,303 Bonds sold under repurchase agreements* 13,011,121 — 13,011,121 (13,000,321 ) — 10,800 Securities borrowing agreements 2,583,092 — 2,583,092 (2,583,092 ) — — Domestic exchange settlement credits 32,867,423 (30,794,160 ) 2,073,263 (2,073,263 ) — — Other financial instruments 1,156,345 (1,022,977 ) 133,368 (2,492 ) — 130,876 ₩ 55,769,992 ₩ (31,817,137 ) ₩ 23,952,855 ₩ (22,876,090 ) ₩ (92,565 ) ₩ 984,200 December 31, 2020 Gross liabilities Gross assets Net amounts in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivatives linked securities ₩ 5,300,028 ₩ — ₩ 5,300,028 ₩ (3,365,443 ) ₩ (77,324 ) ₩ 2,066,086 Derivatives held for hedging 208,825 — 208,825 Payable spot exchange 3,434,887 — 3,434,887 (3,434,222 ) — 665 Bonds sold under repurchase agreements* 16,329,799 (11,800 ) 16,317,999 (16,317,999 ) — — Securities borrowing agreements 1,934,736 — 1,934,736 (1,934,736 ) — — Domestic exchange settlement credits 37,757,164 (36,823,835 ) 933,329 (933,329 ) — — Other financial instruments 4,764,991 (4,474,909 ) 290,082 — — 290,082 ₩ 69,730,430 ₩ (41,310,544 ) ₩ 28,419,886 ₩ (25,985,729 ) ₩ (77,324 ) ₩ 2,356,833 |
Due From Financial Institutio_2
Due From Financial Institutions At Amortized Cost(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Due From Financial Institution Abstract [Abstract] | |
Details Of Due From Financial Institutions Text Block [Text Block] | Details of due from financial institutions as of December 31, 2019 and 2020, are as follows: Financial institutions Interest rate December 31, 2019 December 31, 2020 (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea 0.00 ₩ 8,117,840 ₩ 11,242,803 Due from banking institutions Hana Bank and others 0.00 ~ 1.90 4,641,714 3,692,044 Due from others NH Investment & Securities Co., Ltd. and others 0.00 ~ 1.63 654,981 753,581 13,414,535 15,688,428 Due from financial institutions in foreign currencies Due from banking institutions in foreign currencies Wells Fargo Bank N.A. and others 0.00 ~ 3.50 2,351,929 4,215,918 Time deposits in foreign currencies Bank of Shanghai, Beijing Branch and others 0.00 ~ 7.05 1,053,776 739,637 Due from others Societe Generale (Paris) and others 0.00 ~7.70 1,327,432 2,079,371 4,733,137 7,034,926 ₩ 18,147,672 ₩ 22,723,354 * Before netting of allowance |
Disclosure Of Restricted Cash And Cash Equivalents Explanatory | Details of restricted due from financial institutions as of December 31, 2019 and 2020, are as follows: Financial institutions December 31, 2019 December 31, Reasons of restriction (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea ₩ 8,117,840 ₩ 11,242,803 Bank of Korea Act Due from banking institutions Shinhan Bank and others 3,027,963 772,986 Net settlement and others Due from others NH Investment & Securities Co., Ltd. and others 555,294 545,457 Derivatives margin account and others 11,701,097 12,561,246 Due from financial institutions in foreign currencies Due from banking institutions in foreign currencies People’s Bank of China and others 490,071 1,097,729 Cambodian law and others Time deposits in foreign currencies Bank of Communications Co., Ltd. New York Branch 31,443 46,428 Bank Act of the State of New York and others Due from others Societe Generale (Paris) and others 1,150,355 1,597,960 Derivatives margin account and others 1,671,869 2,742,117 ₩ 13,372,966 ₩15,303,363 * Before netting of allowance |
Disclosure Of Changes In The Allowances For Due From Financial Institutions Losses [Text Block] | Changes in allowances for credit losses of due from financial institutions for the years ended December 31, 2019 and 2020, are as follows: 2019 12-month Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 2,019 ₩ — ₩ — Transfer between stages Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Disposal — — — Provision for credit losses 1,116 1,210 360 Others 29 (22 ) — Ending ₩ 3,164 ₩ 1,188 ₩ 360 2020 12-month Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 3,164 ₩ 1,188 ₩ 360 Transfer between stages Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Disposal — — — Reversal of credit losses (416 ) (1,128 ) — Business combination 154 — — Others 45 (26 ) (78 ) Ending ₩ 2,947 ₩ 34 ₩ 282 |
Assets Pledged As Collateral(Ta
Assets Pledged As Collateral(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Pledged Assets Abstract [Abstract] | |
Schedule Of Financial Instruments Owned And Pledged As Collateral Text Block [Text Block] | Details of assets pledged as collateral as of December 31, 2019 and 2020, are as follows: December 31, 2019 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions Korea Federation of Savings Banks and others ₩ 3,752,497 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 7,561,287 Repurchase agreements The Korea Securities Depository and others 7,745,154 Securities borrowing transactions Samsung Futures Inc. and others 1,090,495 Derivatives transactions 16,396,936 Financial assets at fair value through other comprehensive income The Korea Securities Depository and others 1,139,852 Repurchase agreements The Korea Securities Depository and others 1,168,515 Securities borrowing transactions The Bank of Korea 1,212,021 Borrowings from the Bank of Korea The Bank of Korea 653,825 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 167,600 Derivatives transactions 4,341,813 Securities measured at amortized cost The Korea Securities Depository and others 581,268 Repurchase agreements The Bank of Korea 1,767,559 Borrowings from the Bank of Korea The Bank of Korea 3,077,151 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 247,301 Derivatives transactions Others 494,785 Others 6,168,064 Mortgage loans Others 6,487,022 Covered bond Real estate NATIXIS REAL ESTATE CAPITAL LLC and others 1,665,368 Borrowings from bank and others ₩ 38,811,700 December 31, 2020 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions Korea Federation of Savings Banks and others ₩ 1,293,930 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 10,733,047 Repurchase agreements The Korea Securities Depository and others 7,009,580 Securities borrowing transactions Samsung Futures Inc. and others 730,774 Derivatives transactions 18,473,401 Financial assets at fair value through other comprehensive income The Korea Securities Depository and others 2,216,165 Repurchase agreements The Korea Securities Depository and others 1,322,998 Securities borrowing transactions The Bank of Korea 2,837,452 Borrowings from the Bank of Korea The Bank of Korea 1,610,691 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 270,089 Derivatives transactions 8,257,395 Securities measured at amortized cost The Korea Securities Depository and others 664,438 Repurchase agreements The Bank of Korea 4,295,149 Borrowings from the Bank of Korea The Bank of Korea 3,677,922 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 103,748 Derivatives transactions Others 598,187 Others 9,339,444 Mortgage loans Others 10,699,721 Covered bond Real estate LGIM COMMERCIAL LENDING Ltd and others 1,480,942 Borrowings from bank and others ₩ 49,544,833 In addition, the Group provided ₩ 7,320,220 million and ₩ 4,680,816 million of its borrowed securities and assets held as collateral to Korea Securities Finance Corporation and others as collateral as of December 31, 2019 and 2020, respectively. |
The Fair Values Of Collateral Available To Sell Or Repledge And Collateral Sold Or Repledged [Text Block] | Fair value of collateral available to sell or repledge, and collateral sold or repledged, regardless of debtor’s default as of December 31, 2019 and 2020, are as follows: December 31, 2019 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 6,726,632 ₩ — ₩ 6,726,632 December 31, 2020 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 3,732,013 ₩ — ₩ 3,732,013 |
Derivative Financial Instrume_2
Derivative Financial Instruments and Hedge Accounting(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Hedge Accounting Abstract [Abstract] | |
Disclosure of derivative financial instruments [Text Block] | Details of derivative financial instruments held for trading as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Notional amount Assets Liabilities Notional amount Assets Liabilities (In millions of Korean won) Interest rate Forwards ₩ 570,000 ₩ 206 ₩ 84,126 ₩ 1,824,000 ₩ 50,580 ₩ 107,218 Futures* 2,951,770 698 235 4,540,235 43 1,834 Swaps 270,091,778 512,145 557,511 300,105,350 631,917 682,401 Options 17,521,156 267,697 379,262 14,779,000 248,437 302,134 291,134,704 780,746 1,021,134 321,248,585 930,977 1,093,587 Currency Forwards 87,373,417 942,632 750,380 78,255,991 1,712,560 1,986,239 Futures* 107,793 — 349 376,281 158 695 Swaps 46,501,399 606,464 610,275 49,756,478 1,897,636 1,349,919 Options 2,789,562 5,438 14,346 2,377,775 33,421 28,012 136,772,171 1,554,534 1,375,350 130,766,525 3,643,775 3,364,865 Stock and index Futures* 1,646,785 22,451 20,704 1,027,347 20,061 2,246 Swaps 6,773,467 448,803 86,100 5,434,057 423,297 123,242 Options 5,559,865 99,013 176,141 6,482,510 135,805 275,282 13,980,117 570,267 282,945 12,943,914 579,163 400,770 Credit Swaps 4,433,960 19,178 13,659 3,015,782 19,395 9,700 4,433,960 19,178 13,659 3,015,782 19,395 9,700 Commodity Futures* 3,281 68 3 11,609 151 81 Swaps 105,658 2,948 474 13,923 268 991 108,939 3,016 477 25,532 419 1,072 Other 3,160,013 80,857 149,385 1,476,310 36,783 144,076 ₩ 449,589,904 ₩ 3,008,598 ₩ 2,842,950 ₩ 469,476,648 ₩ 5,210,512 ₩ 5,014,070 * Gains or losses arising from daily mark-to-market Details of derivative instruments designated as fair value hedge as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 5,326,500 ₩ 129,085 ₩ 29,676 ₩ 101,448 Currency Forwards 2,218,789 22,503 27,862 (74,372) ₩ 7,545,289 ₩ 151,588 ₩ 57,538 ₩ 27,076 December 31, 2020 2020 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 9,217,731 ₩ 158,914 ₩ 51,842 ₩ (23,022 ) Currency Forwards 2,172,192 128,038 2,616 97,394 ₩ 11,389,923 ₩ 286,952 ₩ 54,458 ₩ 74,372 Details of derivative instruments designated as cash flow hedge as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 3,600,334 ₩ 3,698 ₩ 28,484 ₩ (25,997 ) Currency Swaps 2,613,901 23,382 73,067 (38,534 ) ₩ 6,214,235 ₩ 27,080 ₩ 101,551 ₩ (64,531 ) December 31, 2020 2020 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 3,532,480 ₩ 1,286 ₩ 37,120 ₩ (11,940 ) Currency Swaps 2,857,435 40,835 116,124 (43,300 ) ₩ 6,389,915 ₩ 42,121 ₩ 153,244 ₩ (55,240 ) Details of financial instruments designated as hedge of net investments in foreign operations as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Notional Amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 275,569 ₩ 3,407 ₩ 5,302 ₩ (10,330 ) Debentures in foreign currencies 97,255 — 97,255 (3,080 ) ₩ 372,824 ₩ 3,407 ₩ 102,557 ₩ (13,410 ) December 31, 2020 2020 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 243,957 ₩ 5,800 ₩ 1,125 ₩ 14,406 Debentures in foreign currencies 842,112 — 842,112 74,363 ₩ 1,086,069 ₩ 5,800 ₩ 843,237 ₩ 88,769 |
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Text Block] | Average price condition of future nominal cash flows by type of hedge accounting as of December 31, 2019 and 2020, are as follows: December 31, 2019 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 2,649,272 ₩ 1,807,950 ₩ 897,562 ₩ 309,882 ₩ 466,053 ₩ 1,414,570 ₩ 7,545,289 Average price condition (%) 2.29 2.70 2.29 3.16 2.50 3.92 2.91 Average price condition (USD/KRW) 1,149.90 1,138.82 1,094.35 — — — 1,146.84 Average price condition (EUR/KRW) 1,319.66 1,346.38 — — — — 1,327.68 Average price condition (AUD/KRW) 803.71 — — — — — 803.71 Cash flow hedge Nominal amount of the hedging instrument ₩ 2,450,918 ₩ 1,199,124 ₩ 1,764,991 ₩ 529,202 ₩ 120,000 ₩ 150,000 ₩ 6,214,235 Average price condition (%) 2.64 2.56 2.66 2.79 2.00 1.67 2.59 Average price condition (USD/KRW) 1,129.58 1,111.66 1,153.15 1,095.73 — — 1,132.99 Average price condition (EUR/KRW) 1,305.22 1,306.76 1,312.75 — — — 1,306.91 Average price condition (AUD/KRW) — 837.00 — — — — 837.00 Average price condition (SGD/KRW) 815.80 831.49 — — — — 823.54 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 248,233 ₩ — ₩ 27,336 ₩ — ₩ — ₩ — ₩ 275,569 Average price condition (USD/KRW) 1,151.49 — — — — — 1,151.49 Average price condition (GBP/KRW) — — 1,465.26 — — — 1,465.26 December 31, 2020 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 5,266,994 ₩ 1,083,877 ₩ 512,608 ₩ 620,788 ₩ 1,462,964 ₩ 2,442,692 ₩ 11,389,923 Average price condition (%) 0.76 0.81 1.00 1.07 1.21 1.14 0.97 Average price condition (USD/KRW) 1,160.33 1,115.45 1,151.50 — — — 1,157.28 Average price condition (EUR/KRW) 1,353.28 — 1,366.30 — — — 1,353.36 Average price condition (AUD/KRW) 835.43 — — — — — 835.43 Average price condition (GBP/KRW) 1,546.54 — — — — — 1,546.54 Cash flow hedge Nominal amount of the hedging instrument ₩ 2,568,922 ₩ 1,767,357 ₩ 1,277,053 ₩ 166,643 ₩ 509,940 ₩ 100,000 ₩ 6,389,915 Average price condition (%) 0.83 1.66 2.48 2.00 1.63 1.67 1.36 Average price condition (USD/KRW) 1,113.33 1,160.46 1,181.36 1,128.30 1,142.05 — 1,152.37 Average price condition (EUR/KRW) 1,306.76 1,312.75 1,321.00 — 1,340.64 — 1,312.93 Average price condition (AUD/KRW) 837.00 — — — — — 837.00 Average price condition (SGD/KRW) 831.49 — 866.14 — — — 858.33 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 217,274 ₩ 26,683 ₩ — ₩ — ₩ — ₩ — ₩ 243,957 Average price condition (USD/KRW) 1,111.45 — — — — — 1,111.45 Average price condition (GBP/KRW) — 1,465.26 — — — — 1,465.26 |
Disclosure of detailed information about hedged items [Text Block] | Details of fair value hedged items as of and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 549,526 ₩ — ₩ 5,485 ₩ — ₩ 5,502 Debt securities in foreign currencies 1,670,838 — 19,243 — 25,540 Deposits in foreign currencies — 780,491 — (18,391 ) (62,439 ) Debentures in Korean won — 351,070 — 21,070 (1,818 ) Debentures in foreign currencies — 2,067,556 — 41,406 (65,480 ) 2,220,364 3,199,117 24,728 44,085 (98,695 ) Currency Debt securities in foreign currencies 2,339,239 — 24,181 — 61,133 2,339,239 — 24,181 — 61,133 ₩ 4,559,603 ₩ 3,199,117 ₩ 48,909 ₩ 44,085 ₩ (37,562 ) December 31, 2020 2020 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 1,001,957 ₩ — ₩ 5,888 ₩ — ₩ 402 Debt securities in foreign currencies 2,712,980 — 62,922 — 42,382 Deposits in foreign currencies — 121,768 — 2,088 (4,491 ) Debentures in Korean won — 3,623,161 — (6,839 ) 27,909 Debentures in foreign currencies — 1,985,333 — 81,333 (37,438 ) 3,714,937 5,730,262 68,810 76,582 28,764 Currency Debt securities in foreign currencies 2,669,410 — 310,745 — (40,710 ) 2,669,410 — 310,745 — (40,710 ) ₩ 6,384,347 ₩ 5,730,262 ₩ 379,555 ₩ 76,582 ₩ (11,946 ) |
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [Text Block] | Details of hedge ineffectiveness recognized in profit or loss from derivatives for the years ended December 31, 2018, 2019 and 2020, are as follows: Hedge ineffectiveness recognized in profit or loss (In millions of Korean won) 2018 2019 2020 Hedge accounting Interest rate ₩ 1,186 ₩ 2,753 ₩ 5,742 Currency (20,694 ) (13,239 ) 56,684 ₩ (19,508 ) ₩ (10,486 ) ₩ 62,426 Gains or losses from fair value hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains (losses) on hedging instruments ₩ (160,416 ) ₩ 34,070 ₩ 89,179 Gains (losses) on the hedged items attributable to the hedged risk 135,556 (44,655 ) (26,899 ) ₩ (24,860 ) ₩ (10,585 ) ₩ 62,280 Details of cash flow hedged items as of and for the years ended December 31, 2019 and 2020, are as follows: Cash flow hedge reserve Changes in fair value December 31, 2019 December 31, 2020 2019 2020 (In millions of Korean won) Hedge accounting Interest rate risk ₩ (15,670 ) ₩ (22,439 ) ₩ 25,671 ₩ 12,172 Foreign currency change risk (11,663 ) (6,158 ) 42,357 1,065 ₩ (27,333 ) ₩ (28,597 ) ₩ 68,028 ₩ 13,237 Gains or losses from cash flow hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Losses on hedging instruments ₩ (23,022) ₩ (64,531) ₩ (55,240) Effective portion of losses on cash flow hedging instruments (amount recognized in other comprehensive income) (24,672 ) (65,323 ) (48,034 ) Ineffective portion of losses on cash flow hedging instruments (amount recognized in profit or loss) 1,650 792 (7,206 ) Amounts recognized in other comprehensive income (loss) and reclassified from equity to profit or loss for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Other comprehensive loss ₩ (24,672 ) ₩ (65,323 ) ₩ (48,034 ) Reclassification to profit or loss 15,234 21,604 39,190 Income tax effect 400 10,537 7,580 ₩ (9,038 ) ₩ (33,182 ) ₩ (1,264 ) Details of net investments in foreign operations hedged items as of and for the years ended December 31, 2019 and 2020, are as follows: Foreign currency translation reserve Changes in fair value December 31, 2019 December 31, 2020 2019 2020 (In millions of Korean won) Hedge accounting Currency (foreign currency exchange risk) ₩ (41,992 ) ₩ 22,278 ₩ 13,410 ₩ (88,769 ) |
Schedule Of Fair Value Of Non Derivative Financial Instruments Designated As Hedging Instruments Table Text Block [Text Block] | Fair value of non-derivative financial instruments designated as hedge of net investments in foreign operations as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Debentures in foreign currencies ₩ 97,737 ₩ 852,570 |
Disclosure of Gains or losses from hedging instruments and hedged items attributable to the hedged risk [Text Block] | Gains or losses from hedging instruments in hedge of net investments in foreign operations and hedged items attributable to the hedged risk for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains (losses) on hedging instruments ₩ (25,096 ) ₩ (13,410 ) ₩ 88,769 Effective portion of gains (losses) on hedge of net investments in foreign operations (amount recognized in other comprehensive income) (25,096 ) (13,410 ) 88,769 Ineffective portion of gains (losses) on hedge of net investments in foreign operations (amount recognized in profit or loss) — — — |
Disclosure of Effective portion of gains or losses on hedging instruments recognized in other comprehensive income [Text Block] | Amounts recognized in other comprehensive income (loss) and reclassified from equity to profit or loss for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Other comprehensive loss ₩ (24,672 ) ₩ (65,323 ) ₩ (48,034 ) Reclassification to profit or loss 15,234 21,604 39,190 Income tax effect 400 10,537 7,580 ₩ (9,038 ) ₩ (33,182 ) ₩ (1,264 ) |
Disclosure of Exposure to hedging relationships related to the interest rate benchmark reform [Text Block] | The Group’s exposure to hedging relationships related to the interest rate benchmark reform as of December 31, 2020, is as follows. The USD LIBOR interest rate will be replaced by the Secured Overnight Financing Rate (“SOFR”) based on actual transactions starting in 2022 and the KRW CD rate is currently under consideration for improving the calculation methodology. In this hedging relationship, the Group assumed that the spread to be changed on a SOFR basis in 2022 would be similar to that included in the interest rate swap used as a hedging instrument, and no other changes were assumed. December 31, 2020 Interest rate benchmark Currency Carrying amount of non-derivative assets Carrying amount of non-derivative liabilities Notional amount of (In millions of Korean won and millions of US dollars) CD#3M KRW 1,807,701 3,623,161 5,430,000 USD#LIBOR#3M USD 78,083 3,276 82,907 USD#LIBOR#6M USD 213 10 206 |
Loans Measured At Amortized C_2
Loans Measured At Amortized Cost(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Trade And Other Receivables Abstract [Abstract] | |
Schedule Of Details Of Loans Table Text Block [Text Block] | Details of loans as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Loans measured at amortized cost ₩ 341,363,805 ₩ 379,734,020 Deferred loan origination fees and costs 728,270 716,327 Less: Allowances for credit losses (2,408,016 ) (3,283,363 ) Carrying amount ₩ 339,684,059 ₩ 377,166,984 |
Schedule Of Details Of Loans For Other Banks Table Text Block [Text Block] | Details of loans to banks as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Loans measured at amortized cost ₩ 4,011,246 ₩ 5,577,728 Less: Allowances for credit losses (432 ) (682 ) Carrying amount ₩ 4,010,814 ₩ 5,577,046 |
Schedule Of Details Of Loan Types And Customer Types Of Loans Other Than Banks Table Text Block [Text Block] | Details of loan types and customer types of loans to customers other than banks as of December 31, 2019 and 2020, are as follows: December 31, 2019 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 159,232,495 ₩ 130,383,260 ₩ — ₩ 289,615,755 Loans in foreign currencies 433,399 8,125,029 — 8,558,428 Domestic import usance bills — 2,617,862 — 2,617,862 Off-shore — 1,387,798 — 1,387,798 Call loans — 610,001 — 610,001 Bills bought in Korean won — 2,843 — 2,843 Bills bought in foreign currencies — 2,158,877 — 2,158,877 Guarantee payments under acceptances and guarantees 36 3,312 — 3,348 Credit card receivables in Korean won — — 18,642,111 18,642,111 Credit card receivables in foreign currencies — — 6,299 6,299 Bonds purchased under repurchase agreements — 6,149,458 — 6,149,458 Privately placed bonds — 971,414 — 971,414 Factored receivables 117 167 — 284 Lease receivables 1,385,617 194,576 — 1,580,193 Loans for installment credit 5,737,458 38,700 — 5,776,158 166,789,122 152,643,297 18,648,410 338,080,829 Proportion (%) 49.33 45.15 5.52 100.00 Less: Allowances for credit losses (711,322 ) (956,554 ) (739,708 ) (2,407,584 ) ₩ 166,077,800 ₩ 151,686,743 ₩ 17,908,702 ₩ 335,673,245 December 31, 2020 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 175,062,187 ₩ 142,812,751 ₩ — ₩ 317,874,938 Loans in foreign currencies 3,092,630 16,159,722 — 19,252,352 Domestic import usance bills — 2,152,059 — 2,152,059 Off-shore — 1,203,737 — 1,203,737 Call loans — 1,582,251 — 1,582,251 Bills bought in Korean won — 1,620 — 1,620 Bills bought in foreign currencies — 1,739,262 — 1,739,262 Guarantee payments under acceptances and guarantees 10 8,011 — 8,021 Credit card receivables in Korean won — — 18,734,560 18,734,560 Credit card receivables in foreign currencies — — 63,071 63,071 Bonds purchased under repurchase agreements — 3,175,080 — 3,175,080 Privately placed bonds — 1,154,162 — 1,154,162 Factored receivables 104 3 — 107 Lease receivables 1,105,001 335,582 — 1,440,583 Loans for installment credit 6,440,521 50,295 — 6,490,816 185,700,453 170,374,535 18,797,631 374,872,619 Proportion (%) 49.54 45.45 5.01 100.00 Less: Allowances for credit losses (910,088 ) (1,671,098 ) (701,495 ) (3,282,681 ) ₩ 184,790,365 ₩ 168,703,437 ₩ 18,096,136 ₩ 371,589,938 |
Schedule Of Changes In Deffered Loan Origination Fees And Costs Table Text Block [Text Block] | Changes in deferred loan origination fees and costs for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Increase Decrease Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 664,237 ₩ 387,420 ₩ (406,352 ) ₩ — ₩ 645,305 Others 119,780 56,030 (79,432 ) — 96,378 784,017 443,450 (485,784 ) — 741,683 Deferred loan origination fees Loans in Korean won 9,055 7,238 (7,693 ) — 8,600 Others 21,836 3,415 (20,439 ) 1 4,813 30,891 10,653 (28,132 ) 1 13,413 ₩ 753,126 ₩ 432,797 ₩ (457,652 ) ₩ (1 ) ₩ 728,270 2020 Beginning Increase Decrease Business combination Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 645,305 ₩ 502,044 ₩ (473,392 ) ₩ — ₩ — ₩ 673,957 Others 1 96,378 53,345 (63,509 ) 9,376 — 95,590 741,683 555,389 (536,901 ) 9,376 — 769,547 Deferred loan origination fees Loans in Korean won 8,600 6,681 (6,133 ) — — 9,148 Others 2 4,813 21,636 (26,396 ) 48,117 (4,098 ) 44,072 13,413 28,317 (32,529 ) 48,117 (4,098 ) 53,220 ₩ 728,270 ₩ 527,072 ₩ (504,372 ) ₩ (38,741 ) ₩ 4,098 ₩ 716,327 1 Includes deferred loan origination costs to credit card receivables, loans for installment credit and financial lease receivables. 2 Includes deferred loan origination fees to loans in foreign currencies from PT Bank Bukopin TBK and PRASAC Microfinance Institution Limited. |
Allowances for Credit Losses(Ta
Allowances for Credit Losses(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Reconciliation Of Changes In Allowance Account For Credit Losses Of Financial Assets Abstract [Abstract] | |
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Text Block] | Changes in allowances for credit losses of loans measured at amortized cost for the years ended December 31, 2019 and 2020, are as follows: 2019 Retail Corporate Credit card 12-month Lifetime expected credit 12-month Lifetime expected credit 12-month Lifetime expected credit Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 237,440 ₩ 215,743 ₩ 189,714 ₩ 214,312 ₩ 318,656 ₩ 722,875 ₩ 180,467 ₩ 290,025 ₩ 240,449 Transfer between stages Transfer to 12-month 168,460 (167,957 ) (503 ) 59,848 (46,312 ) (13,536 ) 51,542 (50,627 ) (915 ) Transfer to lifetime expected credit losses (144,590 ) 160,509 (15,919 ) (53,696 ) 141,398 (87,702 ) (23,537 ) 24,529 (992 ) Impairment (1,619 ) (54,736 ) 56,355 (2,250 ) (36,656 ) 38,906 (2,388 ) (14,377 ) 16,765 Write-offs (2 ) 24 (443,034 ) — 2 (239,319 ) — — (506,255 ) Sales (486 ) (70 ) (782 ) — — (8,909 ) — — — Provision (reversal) for credit losses 1,2 19,152 71,231 424,758 (3,540 ) (89,234 ) 80,216 3,567 16,633 524,652 Others (exchange differences, etc.) 25 161 (2,552 ) 395 2,456 (40,924 ) — — (9,830 ) Ending ₩ 278,380 ₩ 224,905 ₩ 208,037 ₩ 215,069 ₩ 290,310 ₩ 451,607 ₩ 209,651 ₩ 266,183 ₩ 263,874 2020 Retail Corporate Credit card 12-month Lifetime expected credit losses 12-month Lifetime expected credit losses 12-month Lifetime expected credit losses Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 278,380 ₩ 224,905 ₩ 208,037 ₩ 215,069 ₩ 290,310 ₩ 451,607 ₩ 209,651 ₩ 266,183 ₩ 263,874 Transfer between stages Transfer to 12-month 123,666 (121,970 ) (1,696 ) 119,723 (111,708 ) (8,015 ) 48,959 (47,611 ) (1,348 ) Transfer to lifetime expected credit losses (91,410 ) 182,076 (90,666 ) (56,655 ) 146,690 (90,035 ) (25,227 ) 26,379 (1,152 ) Impairment (3,301 ) (131,852 ) 135,153 (3,365 ) (48,773 ) 52,138 (2,273 ) (13,657 ) 15,930 Write-offs — (5 ) (460,734 ) — (1 ) (321,583 ) — — (502,275 ) Sales (1,561 ) (99 ) (1,131 ) (8 ) — (21,069 ) — — — Provision (reversal) for credit losses 1,2,3 49,459 78,413 428,220 (2,059 ) 113,335 180,162 (26,042 ) 2,925 496,162 Business combination 50,664 9,545 53,532 99,824 24,303 668,426 89 — 4,409 Others (exchange differences, etc.) (2,092 ) (435 ) (5,010 ) (3,747 ) (3,219 ) (19,570 ) — — (13,481 ) Ending ₩ 403,805 ₩ 240,578 ₩ 265,705 ₩ 368,782 ₩ 410,937 ₩ 892,061 ₩ 205,157 ₩ 234,219 ₩ 262,119 1 Provision for credit losses in the consolidated statements of comprehensive income also include provision (reversal) for credit losses of due from financial institutions (Note 7.3), and provision (reversal) for credit losses of financial investments (Note 12.5), provision for credit losses of unused commitments and guarantees (Note 24.2), provision (reversal) for credit losses of financial guarantees contracts (Note 24.3), and provision (reversal) for credit losses of other financial assets (Note 19.2). 2 Includes ₩ 390,041 million and ₩ 379,179 million of collections from written-off 3 Includes additional provision of ₩ 43,777 million for industries and borrowers which are highly affected by COVID-19, (non-impaired) The Group manages the written-off |
Disclosure Of Changes In The Book Value Of Loans At Amortized Cost[Text Block] | Changes in gross carrying amount of loans for the years ended December 31, 2019 and 2020, are as follows: 2019 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 293,296,370 ₩ 26,417,165 ₩ 2,097,749 Transfer between stages Transfer to 12-month 54,530,173 (54,412,664 ) (117,509 ) Transfer to lifetime expected credit losses (non-impaired) (57,514,696 ) 58,078,679 (563,983 ) Transfer to lifetime expected credit losses (impaired) (564,375 ) (1,792,641 ) 2,357,016 Write-offs (2 ) 26 (1,188,608 ) Sales (889,880 ) (18,163 ) (188,080 ) Net increase (decrease) (execution, repayment and others) 27,519,419 (4,458,294 ) (495,627 ) Ending ₩ 316,377,009 ₩ 23,814,108 ₩ 1,900,958 2020 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 316,377,009 ₩ 23,814,108 ₩ 1,900,958 Transfer between stages Transfer to 12-month 26,751,021 (26,629,210 ) (121,811 ) Transfer to lifetime expected credit losses (non-impaired) (33,475,491 ) 34,603,648 (1,128,157 ) Transfer to lifetime expected credit losses (impaired) (596,861 ) (2,287,196 ) 2,884,057 Write-offs — (6 ) (1,284,592 ) Sales (4,324,146 ) (20,907 ) (200,182 ) Business combination 7,029,580 570,710 1,711,823 Net increase (decrease) (execution, repayment and others) 36,757,668 (1,546,945 ) (334,731 ) Ending ₩ 348,518,780 ₩ 28,504,202 ₩ 3,427,365 |
Financial Assets At Fair Valu_2
Financial Assets At Fair Value Through Profit Or Loss And Financial Investments(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Current Financial Assets At Fair Value Through Profit Or Loss Abstract [Abstract] | |
Schedule Of Financial Assets At Fair Value Through Profit Or Loss And Financial Investments Table Text Block [Text Block] | Details of financial assets at fair value through profit or loss and financial investments as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Financial assets at fair value through profit or loss Debt securities: Government and public bonds ₩ 6,569,472 ₩ 9,315,317 Financial bonds 16,360,495 17,897,348 Corporate bonds 3,218,480 3,997,753 Asset-backed securities 124,898 236,130 Beneficiary certificates 12,375,326 14,200,802 Derivatives linked securities 3,623,648 2,218,502 Other debt securities 8,449,207 10,549,248 Equity securities: Stocks 1,716,149 1,632,619 Other equity securities 387,694 459,694 Loans: Privately placed bonds 265,499 212,021 Other loans 162,046 125,962 Due from financial institutions: Other due from financial institutions 216,367 100,094 Others 79,805 89,965 ₩ 53,549,086 ₩ 61,035,455 Financial Investments Financial assets at fair value through other comprehensive income Debt securities: Government and public bonds ₩ 9,501,642 ₩ 14,735,340 Financial bonds 20,913,361 23,194,387 Corporate bonds 12,289,820 18,721,327 Asset-backed securities 832,160 1,795,840 Other debt securities 19,865 9,995 Equity securities: Stocks 2,377,994 2,852,158 Equity investments 41,042 37,602 Other equity securities 85,069 185,139 Loans: Privately placed bonds 375,098 265,426 Other loans — 27,983 46,436,051 61,825,197 Financial assets at amortized cost Debt securities: Government and public bonds 5,395,720 17,193,289 Financial bonds 8,157,428 5,678,949 Corporate bonds 7,536,805 8,181,961 Asset-backed securities 4,258,274 5,788,587 Other debt securities — 30,392 Allowances for credit losses (1,672 ) (2,949 ) 25,346,555 36,870,229 ₩ 71,782,606 ₩ 98,695,426 |
Disclosure Of Dividend Incomes From The Equity Securities Measured At Fair Value Through Other Comprehensive Income [Text Block] | Dividend income from equity securities designated at fair value through other comprehensive income for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 From the financial assets From the remaining financial assets From the financial assets From the (In millions of Korean won) Equity securities measured at fair value through other comprehensive income Stocks Listed ₩ — ₩ 26,121 ₩ 7,000 ₩ 11,843 Unlisted — 25,599 — 22,241 Equity investments — 95 — 285 Other equity securities — 2,953 — 3,755 ₩ — ₩ 54,768 ₩ 7,000 ₩ 38,124 |
Disclosure Of Derecognized Equity Securities Measured At Fair Value Through Other Comprehensive Income [Text Block] | Derecognized equity securities measured at fair value through other comprehensive income for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 Disposal price Accumulated disposal date Disposal price Accumulated disposal date (In millions of Korean won) Equity securities measured at fair value through other comprehensive income Stocks Listed ₩ 18,342 ₩ (25,652 ) ₩ 516,883 ₩ 326,394 Unlisted 1,671 169 13 13 Equity investments — — 3 3 ₩ 20,013 ₩ (25,483 ) ₩ 516,899 ₩ 326,410 |
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments [Text Block] | Provision (reversal) for credit losses of financial investments for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 860 ₩ (873 ) ₩ (13 ) Loans measured at fair value through other comprehensive income 963 (826 ) 137 Securities measured at amortized cost 296 (282 ) 14 ₩ 2,119 ₩ (1,981 ) ₩ 138 2019 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 1,537 ₩ (1,144 ) ₩ 393 Loans measured at fair value through other comprehensive income 170 (982 ) (812 ) Securities measured at amortized cost 216 (280 ) (64 ) ₩ 1,923 ₩ (2,406 ) ₩ (483 ) 2020 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 4,297 ₩ (229 ) ₩ 4,068 Loans measured at fair value through other comprehensive income 202 (316 ) (114 ) Securities measured at amortized cost 1,916 (636 ) 1,280 ₩ 6,415 ₩ (1,181 ) ₩ 5,234 |
Disclosure Of Changes In The Allowances For Debt Securities [Text Block] | Changes in allowances for credit losses of financial investments for the years ended December 31, 2019 and 2020, are as follows: 2019 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 5,657 ₩ 192 ₩ 322 Transfer between stages Transfer to 12-month 437 (188 ) (249 ) Transfer to lifetime expected credit losses (669 ) 669 — Sales (329 ) — — Provision (reversal) for credit losses 219 (702 ) — Others 55 29 (73 ) Ending ₩ 5,370 ₩ — ₩ — 2020 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 5,370 ₩ — ₩ — Transfer between stages Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Sales (589 ) — — Provision for credit losses 5,195 39 — Others (68 ) — 73 Ending ₩ 9,908 ₩ 39 ₩ 73 |
Investments in Associates and_2
Investments in Associates and Joint Ventures(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Significant Investments In Associates Abstract [Abstract] | |
Disclosure Of Interests In Associates Explanatory | Investments in associates and joint ventures as of December 31, 2019 and 2020, are as follows: December 31, 2019 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 1 15.19 ₩ 1,137 ₩ 1,705 ₩ 1,705 Investment finance Korea KB GwS Private Securities Investment Trust 26.74 113,880 138,013 136,168 Investment finance Korea KB-KDBC Pre-IPO 2 66.66 20,000 18,988 18,988 Investment finance Korea KB Star Office Private Real Estate Investment Trust No.1 21.05 20,000 19,839 19,839 Investment finance Korea PT Bank Bukopin TBK 22.00 116,422 115,321 121,381 Banking and foreign exchange transaction Indonesia Balhae Infrastructure Company 1 12.61 105,214 101,391 101,391 Investment finance Korea Aju Good Technology Venture Fund 38.46 19,998 23,016 23,016 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 17,736 12,725 Installment loan Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (14,746 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 29.33 440 10 125 Research, consulting and big data Korea Paycoms Co., Ltd. 3 11.70 800 17 45 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 398 1,000 Farm product distribution industry Korea KBSP Private Equity Fund No.4 1 14.95 6,100 5,904 5,904 Investment finance Korea KB Private Equity Fund No.3 1 15.69 8,000 7,754 7,754 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 5,991 5,991 Credit information Korea KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 25.00 12,970 13,616 13,616 Investment finance Korea Keystone-Hyundai Securities No.1 Private Equity Fund 1 4.49 1,908 1,625 1,625 Investment finance Korea KB Social Impact Investment Fund 30.00 1,500 1,465 1,465 Investment finance Korea KB-Solidus 43.33 42,697 45,021 45,718 Investment finance Korea POSCO-KB 31.25 7,500 6,847 6,847 Investment finance Korea KB-TS 2 56.00 19,824 19,731 19,731 Investment finance Korea KB-Brain Scale-up 2 42.55 21,250 20,504 19,752 Investment finance Korea KB-SJ 1 18.52 3,000 2,761 2,761 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 961 961 Investment Korea KB-Stonebridge 1 14.56 5,215 4,944 4,944 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 37.69 1,667 1,295 1,295 Investment finance Korea KB-UTC 44.29 450 417 417 Investment finance Korea APRO Co., Ltd. 1 15.19 1,500 2,565 2,790 Manufacture of electric power storage system Korea GH Real Estate I LP 42.00 17,678 19,042 19,042 Asset management Guernsey Others 2,505 2,243 1,244 ₩ 577,113 ₩ 584,374 ₩ 598,240 December 31, 2020 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 1 15.19 ₩ 551 ₩ 1,279 ₩ 1,279 Investment finance Korea KB GwS Private Securities Investment Trust 26.74 113,880 142,799 141,359 Investment finance Korea KB-KDBC Pre-IPO 2 66.66 13,601 16,042 16,042 Investment finance Korea KB Star Office Private Real Estate Investment Trust No.1 21.05 20,000 20,413 20,066 Investment finance Korea Balhae Infrastructure Company 1 12.61 106,107 106,624 106,624 Investment finance Korea Aju Good Technology Venture Fund 38.46 17,113 21,351 21,348 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 18,713 16,144 Installment loan Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (18,100 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 25.14 440 (5 ) — Research, consulting and big data Korea Paycoms Co., Ltd. 3 11.70 800 72 198 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 632 1,281 Farm product distribution industry Korea KBSP Private Equity Fund No.4 1 14.95 6,100 5,950 5,950 Investment finance Korea KB Private Equity Fund No.3 1 15.69 — 94 94 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 7,153 7,153 Credit information Korea KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 25.00 9,739 9,845 9,845 Investment finance Korea Keystone-Hyundai Securities No.1 Private Equity Fund 1 4.49 1,908 1,556 1,556 Investment finance Korea KB Social Impact Investment Fund 30.00 3,000 2,874 2,874 Investment finance Korea KB-Solidus 43.33 48,677 45,516 46,213 Investment finance Korea POSCO-KB 31.25 10,375 12,895 12,895 Investment finance Korea KB-TS 2 56.00 16,576 17,630 17,630 Investment finance Korea KB-Brain Scale-up 2 42.55 26,050 27,513 26,763 Investment finance Korea KB-SJ 1 18.52 4,500 4,133 4,133 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 960 960 Investment Korea KB-Stonebridge 1 14.56 14,308 16,636 16,636 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 37.69 5,795 5,049 5,049 Investment finance Korea KB-UTC 44.29 17,416 16,999 16,999 Investment finance Korea WJ Private Equity Fund No.1 26.95 10,000 9,711 9,711 Investment finance Korea All Together Korea Fund No.2 99.99 10,000 10,023 10,023 Asset management Korea KB-NAU 1 12.00 5,700 5,611 5,611 Asset management Korea JR GLOBAL REIT 26.07 215,854 215,854 215,854 Real estate management Korea Project Vanilla Co., Ltd. 49.00 2,450 2,151 2,151 System software publishing Korea December & Company Inc. 1 17.63 24,849 24,402 24,402 System software publishing Korea 2020 KB Fintech Renaissance Fund 1 5.05 550 547 547 Investment finance Korea KB Material and Parts No.1 PEF 1 14.47 3,400 3,371 3,371 Investment finance Korea FineKB Private Equity Fund No.1 25.00 — — — Investment finance Korea Others 2,475 1,004 674 ₩ 737,672 ₩ 757,297 ₩ 771,435 1 As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. 2 In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative 3 The ownership of Paycoms Co., Ltd. would be 22.96% and 22.96% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. 4 The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. In accordance with IAS No.28 Investments in Associates and Joint Ventures Although the Group holds more than 20% of ownership, the entities that the Group has a limited influence on due to the trust agreement on related activities, bankruptcy and rehabilitation procedures have been excluded from the investment in associates by limited influence |
Disclosure Of Reconciliation Of Summarised Financial Information Of Associate Accounted For Using Equity Method To Carrying Amount Of Interest In Associate Explanatory | Condensed financial information, adjustments to the carrying amount and dividend from major investments in associates and joint ventures as of December 31, 2019 and 2020, and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019* Total assets Total Paid-in Equity Share of net Unrealized Consoli- (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 11,237 ₩ 20 ₩ 8,690 ₩ 11,217 ₩ 1,705 ₩ — ₩ 1,705 KB GwS Private Securities Investment Trust 522,865 741 425,814 522,124 138,013 (1,845 ) 136,168 KB-KDBC Pre-IPO 29,086 603 30,000 28,483 18,988 — 18,988 KB Star Office Private Real Estate Investment Trust No.1 218,611 122,465 95,000 96,146 19,839 — 19,839 PT Bank Bukopin TBK 8,148,013 7,623,829 106,536 524,184 115,321 6,060 121,381 Balhae Infrastructure Company 806,218 1,854 834,695 804,364 101,391 — 101,391 Aju Good Technology Venture Fund 60,675 828 52,000 59,847 23,016 — 23,016 SY Auto Capital Co., Ltd. 88,611 52,415 20,000 36,196 17,736 (5,011 ) 12,725 Incheon Bridge Co., Ltd. 609,194 707,563 61,096 (98,369 ) (14,746 ) 14,746 — Big Dipper Co., Ltd. 370 336 1,500 34 10 115 125 APRO Co., Ltd. 47,164 30,281 2,468 16,883 2,565 225 2,790 Paycoms Co., Ltd. 1,763 1,620 855 143 17 28 45 Food Factory Co., Ltd. 5,587 3,797 450 1,790 398 602 1,000 KBSP Private Equity Fund No.4 39,492 2 40,800 39,490 5,904 — 5,904 KB Private Equity Fund No.3 49,437 4 51,000 49,433 7,754 — 7,754 Korea Credit Bureau Co., Ltd. 96,855 30,289 10,000 66,566 5,991 — 5,991 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 55,524 1,063 51,880 54,461 13,616 — 13,616 Keystone-Hyundai Securities No.1 Private Equity Fund 187,156 153,842 42,837 33,314 1,625 — 1,625 KB Social Impact Investment Fund 4,885 3 5,000 4,882 1,465 — 1,465 KB-Solidus 103,896 5 61,800 103,891 45,021 697 45,718 POSCO-KB 21,916 4 24,000 21,912 6,847 — 6,847 GH Real Estate I LP 45,340 61 42,093 45,279 19,042 — 19,042 KB-TS 36,445 1,212 35,400 35,233 19,731 — 19,731 KB-Brain Scale-up 48,369 185 51,700 48,184 20,504 (752 ) 19,752 KB-SJ 14,914 4 16,200 14,910 2,761 — 2,761 UNION Media Commerce Fund 3,318 4 3,450 3,314 961 — 961 KB-Stonebridge 34,450 507 35,805 33,943 4,944 — 4,944 KB SPROTT Renewable Private Equity Fund No.1 3,686 249 9,640 3,437 1,295 — 1,295 KB-UTC 1,016 75 1,016 941 417 — 417 2019* Operating Net profit Other Total Dividends (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 3,225 ₩ 2,452 ₩ — ₩ 2,452 ₩ — KB GwS Private Securities Investment Trust 42,503 41,524 — 41,524 9,297 KB-KDBC Pre-IPO 371 (638 ) — (638 ) — KB Star Office Private Real Estate Investment Trust No.1 14,455 6,004 — 6,004 — PT Bank Bukopin TBK 721,169 (5,612 ) 45,780 40,168 — Balhae Infrastructure Company 62,113 (3,153 ) — (3,153 ) 6,855 Aju Good Technology Venture Fund 9,288 7,734 — 7,734 — SY Auto Capital Co., Ltd. 20,394 5,292 (215 ) 5,077 — Incheon Bridge Co., Ltd. 107,178 9,127 — 9,127 — Big Dipper Co., Ltd. 598 (532 ) — (532 ) — APRO Co., Ltd. 47,725 7,702 — 7,702 — Paycoms Co., Ltd. 262 (343 ) — (343 ) — Food Factory Co., Ltd. 6,807 664 — 664 — KBSP Private Equity Fund No.4 39 (1,304 ) — (1,304 ) — KB Private Equity Fund No.3 — (485 ) — (485 ) — Korea Credit Bureau Co., Ltd. 91,200 1,480 — 1,480 135 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 4,077 (3,911 ) — (3,911 ) — Keystone-Hyundai Securities No.1 Private Equity Fund 18,342 (572 ) — (572 ) — KB Social Impact Investment Fund 8 (118 ) — (118 ) — KB-Solidus 13,085 8,708 — 8,708 — POSCO-KB 1,000 (371 ) — (371 ) — GH Real Estate I LP 5,043 3,698 565 4,263 — KB-TS 1,643 632 — 632 — KB-Brain Scale-up 138 (3,355 ) — (3,355 ) — KB-SJ — (673 ) — (673 ) — UNION Media Commerce Fund — (3 ) — (3 ) — KB-Stonebridge 346 (1,856 ) — (1,856 ) — KB SPROTT Renewable Private Equity Fund No.1 1 (986 ) — (986 ) — KB-UTC — (75 ) — (75 ) — December 31, 2020* Total assets Total Paid-in Equity Share Unrealized Consolidated (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 8,423 ₩ 3 ₩ 5,940 ₩ 8,420 ₩ ₩ — ₩ 1,279 KB GwS Private Securities Investment Trust 534,764 741 425,814 534,023 142,799 (1,440 ) 141,359 KB-KDBC Pre-IPO 24,655 592 20,400 24,063 16,042 — 16,042 KB Star Office Private Real Estate Investment Trust No.1 231,018 122,298 95,000 108,720 20,413 (347 ) 20,066 Balhae Infrastructure Company 847,758 1,870 841,784 845,888 106,624 — 106,624 Aju Good Technology Venture Fund 57,776 2,265 44,500 55,511 21,351 (3 ) 21,348 SY Auto Capital Co., Ltd. 89,462 51,272 20,000 38,190 18,713 (2,569 ) 16,144 Incheon Bridge Co., Ltd. 579,386 700,133 61,096 (120,747 ) (18,100 ) 18,100 — Big Dipper Co., Ltd. 285 306 1,750 (21 ) (5 ) 5 — Paycoms Co., Ltd. 2,690 2,073 855 617 72 126 198 Food Factory Co., Ltd. 7,613 4,767 450 2,846 632 649 1,281 KBSP Private Equity Fund No.4 39,795 — 40,800 39,795 5,950 — 5,950 KB Private Equity Fund No.3 1,132 533 — 599 94 — 94 Korea Credit Bureau Co., Ltd. 117,077 37,599 10,000 79,478 7,153 — 7,153 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 42,585 3,205 38,960 39,380 9,845 — 9,845 Keystone-Hyundai Securities No.1 Private Equity Fund 178,848 132,123 42,837 46,725 1,556 — 1,556 KB Social Impact Investment Fund 9,585 4 10,000 9,581 2,874 — 2,874 KB-Solidus 106,215 1,179 75,600 105,036 45,516 697 46,213 POSCO-KB 41,807 541 33,200 41,266 12,895 — 12,895 KB-TS 34,972 3,490 29,600 31,482 17,630 — 17,630 KB-Brain Scale-up 64,968 313 62,980 64,655 27,513 (750 ) 26,763 KB-SJ 22,327 6 24,300 22,321 4,133 — 4,133 UNION Media Commerce Fund 3,318 7 3,450 3,311 960 — 960 KB-Stonebridge 114,712 496 98,235 114,216 16,636 — 16,636 KB SPROTT Renewable Private Equity Fund No.1 13,896 497 15,376 13,399 5,049 — 5,049 KB-UTC 38,585 207 39,319 38,378 16,999 — 16,999 WJ Private Equity Fund No.1 36,197 170 37,100 36,027 9,711 — 9,711 All Together Korea Fund No.2 10,025 1 10,001 10,024 10,023 — 10,023 KB-NAU 47,607 850 47,500 46,757 5,611 — 5,611 JR GLOBAL REIT 1,859,214 1,043,068 165,600 816,146 215,854 — 215,854 Project Vanilla Co., Ltd. 4,445 132 5,000 4,313 2,151 — 2,151 December & Company Inc. 68,173 3,305 35,441 64,868 24,402 — 24,402 2020 KB Fintech Renaissance Fund 10,841 5 10,900 10,836 547 — 547 KB Material and Parts No.1 PEF 23,296 — 23,500 23,296 3,371 — 3,371 FineKB Private Equity Fund No.1 — 77 — (77 ) — — — 2020* Operating Net profit Other Total Dividends (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,942 ₩ 1,053 ₩ — ₩ 1,053 ₩ — KB GwS Private Securities Investment Trust 48,501 47,520 — 47,520 9,525 KB-KDBC Pre-IPO 5,151 4,421 — 4,421 — KB Star Office Private Real Estate Investment Trust No.1 2,392 1,076 — 1,076 — Balhae Infrastructure Company 63,781 89,757 — 89,757 6,973 Aju Good Technology Venture Fund 8,685 2,815 — 2,815 — SY Auto Capital Co., Ltd. 17,404 2,057 (49 ) 2,008 — Incheon Bridge Co., Ltd. 70,345 (23,200 ) — (23,200 ) — Big Dipper Co., Ltd. 942 (305 ) — (305 ) — Paycoms Co., Ltd. 1,391 505 — 505 — Food Factory Co., Ltd. 9,282 407 — 407 — KBSP Private Equity Fund No.4 2 306 — 306 — KB Private Equity Fund No.3 — 15,442 — 15,442 2,082 Korea Credit Bureau Co., Ltd. 107,810 13,391 — 13,391 89 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 1,629 626 — 626 — Keystone-Hyundai Securities No.1 Private Equity Fund 16,586 (1,536 ) — (1,536 ) — KB Social Impact Investment Fund 8 (301 ) — (301 ) — KB-Solidus 6,435 (12,655 ) — (12,655 ) — POSCO-KB 12,842 10,154 — 10,154 — KB-TS 5,342 4,051 — 4,051 — KB-Brain Scale-up 5,257 3,013 — 3,013 — KB-SJ — (689 ) — (689 ) — UNION Media Commerce Fund — (3 ) — (3 ) — KB-Stonebridge 20,068 17,842 — 17,842 — KB SPROTT Renewable Private Equity Fund No.1 1 (991 ) — (991 ) — KB-UTC — (866 ) — (866 ) — WJ Private Equity Fund No.1 2 (1,073 ) — (1,073 ) — All Together Korea Fund No.2 187 150 — 150 — KB-NAU 2,901 (743 ) — (743 ) — JR GLOBAL REIT — — — — — Project Vanilla Co., Ltd. — (611 ) — (611 ) — December & Company Inc. 756 (2,469 ) — (2,469 ) — 2020 KB Fintech Renaissance Fund 1 (64 ) — (64 ) — KB Material and Parts No.1 PEF — (204 ) — (204 ) — FineKB Private Equity Fund No.1 — (77 ) — (77 ) — * The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. |
Schedule Of Changes Investments In Associates Text Block [Text Block] | Changes in carrying amount of investments in associates and joint ventures for the years ended December 31, 2019 and 2020, are as follows: 2019 1 Beginning Acquisition Disposal Dividends Gains Other hensive income Impairment Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,649 ₩ — ₩ (317 ) ₩ — ₩ 373 ₩ — ₩ — ₩ 1,705 KB GwS Private Securities Investment Trust 134,362 — — (9,297 ) 11,103 — — 136,168 KB-KDBC Pre-IPO 14,594 5,000 — — (606 ) — — 18,988 KB Star Office Private Real Estate Investment Trust No.1 19,839 — — — — — — 19,839 PT Bank Bukopin 2 113,932 — — — (1,236 ) 10,408 (1,723 ) 121,381 Balhae Infrastructure Company 108,050 592 — (6,855 ) (396 ) — — 101,391 Aju Good Technology Venture Fund 18,134 1,960 — — 2,922 — — 23,016 SY Auto Capital Co., Ltd. 10,672 — — — 2,158 (105 ) — 12,725 Big Dipper Co., Ltd. 280 — — — (155 ) — — 125 APRO Co., Ltd. 1,403 — — — 1,386 1 — 2,790 Paycoms Co., Ltd. 103 — — — (58 ) — — 45 Food Factory Co., Ltd. 928 — — — 72 — — 1,000 KBSP Private Equity Fund No.4 — 6,100 — — (196 ) — — 5,904 KB Private Equity Fund No.3 7,830 — — — (76 ) — — 7,754 Korea Credit Bureau Co., Ltd. 5,941 — — (135 ) 185 — — 5,991 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 14,601 — — — (985 ) — — 13,616 Keystone-Hyundai Securities No.1 Private Equity Fund 1,581 66 — — (26 ) 4 — 1,625 KB Social Impact Investment Fund — 1,500 — — (35 ) — — 1,465 KB-Solidus — 42,697 — — 3,021 — — 45,718 POSCO-KB 4,463 2,500 — — (116 ) — — 6,847 GH Real Estate I LP 17,252 — — — 1,553 237 — 19,042 KB-TS 13,777 7,440 (1,840 ) — 269 85 — 19,731 KB-Brain Scale-up 7,930 13,250 — — (1,428 ) — — 19,752 KB-SJ 1,386 1,500 — — (125 ) — — 2,761 UNION Media Commerce Fund 962 — — — (1 ) — — 961 KB-Stonebridge — 7,070 (1,855 ) — (271 ) — — 4,944 KB SPROTT Renewable Private Equity Fund No.1 — 1,667 — — (372 ) — — 1,295 KB-UTC — 450 — — (33 ) — — 417 Others 5,263 408 (4,463 ) — 667 212 (843 ) 1,244 ₩ 504,932 ₩ 92,200 ₩ (8,475 ) ₩ (16,287 ) ₩ 17,594 ₩ 10,842 ₩ (2,566 ) ₩ 598,240 2020 1 Beginning Acquisition Disposal Dividends Gains Other hensive income Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,705 ₩ — ₩ (586 ) ₩ — ₩ 160 ₩ — ₩ 1,279 KB GwS Private Securities Investment Trust 136,168 — — (9,525 ) 14,716 — 141,359 KB-KDBC Pre-IPO 18,988 — (6,399 ) — 3,453 — 16,042 KB Star Office Private Real Estate Investment Trust No.1 19,839 — — — 227 — 20,066 PT Bank Bukopin TBK 2 121,381 43,909 (54,069 ) — (107,258 ) (3,963 ) — Balhae Infrastructure Company 101,391 893 — (6,973 ) 11,313 — 106,624 Aju Good Technology Venture Fund 23,016 — (2,885 ) — 1,217 — 21,348 SY Auto Capital Co., Ltd. 12,725 — — — 3,422 (3 ) 16,144 Incheon Bridge Co., Ltd. — — — — — — — Big Dipper Co., Ltd. 125 — — — (125 ) — — Paycoms Co., Ltd. 45 — — — 153 — 198 Food Factory Co., Ltd. 1,000 — — — 247 34 1,281 KBSP Private Equity Fund No.4 5,904 — — — 46 — 5,950 KB Private Equity Fund No.3 7,754 — (8,000 ) (2,082 ) 2,422 — 94 Korea Credit Bureau Co., Ltd. 5,991 — — (89 ) 1,251 — 7,153 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 13,616 — (3,231 ) — (540 ) — 9,845 Keystone-Hyundai Securities No.1 Private Equity Fund 1,625 — — — (69 ) — 1,556 KB Social Impact Investment Fund 1,465 1,500 — — (91 ) — 2,874 KB-Solidus 45,718 10,920 (4,940 ) — (5,485 ) — 46,213 POSCO-KB 6,847 5,000 (2,125 ) — 3,173 — 12,895 KB-TS 19,731 2,240 (5,488 ) — 1,232 (85 ) 17,630 KB-Brain Scale-up 19,752 8,000 (3,200 ) — 2,211 — 26,763 KB-SJ 2,761 1,500 — — (128 ) — 4,133 UNION Media Commerce Fund 961 — — — (1 ) — 960 KB-Stonebridge 4,944 9,093 — — 2,599 — 16,636 KB SPROTT Renewable Private Equity Fund No.1 1,295 4,128 — — (374 ) — 5,049 KB-UTC 417 16,966 — — (384 ) — 16,999 WJ Private Equity Fund No.1 — 10,000 — — (289 ) — 9,711 All Together Korea Fund No.2 — 100,000 (90,000 ) — 150 (127 ) 10,023 KB-NAU — 5,700 — — (89 ) — 5,611 JR GLOBAL REIT — 219,493 (3,639 ) — — — 215,854 Project Vanilla Co., Ltd. — 2,450 — — (299 ) — 2,151 December & Company Inc. — 30,000 (5,151 ) — (447 ) — 24,402 2020 KB Fintech Renaissance Fund — 550 — — (3 ) — 547 KB Material and Parts No.1 PEF — 3,400 — — (29 ) — 3,371 FineKB Private Equity Fund No.1 — — — — — — — Others 23,076 40,000 (61,862 ) — (899 ) 359 674 ₩ 598,240 ₩ 515,742 ₩ (251,575 ) ₩ (18,669 ) ₩ (68,518 ) ₩ (3,785 ) ₩ 771,435 1 Gains on disposal of investments in associates and joint ventures amount to ₩ 1,423 million ₩ 24,768 million for the years ended December 31, 2019 and 2020, respectively. 2 The investment was reclassified to subsidiaries from associates for the year ended December 31, 2020 due to additional share purchase. |
Schedule Of Accumulated Unrecognized Share Of Losses Investment In Associates Text Block [Text Block] | Unrecognized share of losses in investments in associates and joint ventures due to discontinuation of applying the equity method for the years ended December 31, 2019 and 2020 and accumulated amount as of December 31, 2019 and 2020, are as follows: Unrecognized losses (gains) Accumulated unrecognized losses 2019 2020 December 31, 2019 December 31, 2020 (In millions of Korean won) Doosung Metal Co., Ltd. ₩ 46 ₩ — ₩ 65 ₩ 65 Incheon Bridge Co., Ltd. (1,944 ) 3,354 14,746 18,100 Jungdong Steel Co., Ltd. — — 489 489 DPAPS Co., Ltd. 14 19 339 358 Shinla Construction Co., Ltd. — — 183 183 Jaeyang Industry Co., Ltd. — — 30 30 Terra Corporation — — 14 14 Jungdo Co., Ltd. — 151 161 312 Jinseung Tech Co., Ltd. 18 — 21 21 Korea NM Tech Co., Ltd. — — 28 28 Chongil Machine & Tools Co., Ltd. 19 — 19 19 SKYDIGITAL INC. 106 — 106 106 Imt Technology Co., Ltd. — 3 — 3 Jo Yang Industrial Co., Ltd. — 96 — 96 IDTECK Co., Ltd. — 216 — 216 ₩ (1,741 ) ₩ 3,839 ₩ 16,201 ₩ 20,040 |
Property and Equipment And Inve
Property and Equipment And Investment Properties(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Property Plant And Equipment And Investment Property Abstract [Abstract] | |
Disclosure Of Detailed Information About Property Plant And Equipment Explanatory | Details of property and equipment as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,431,812 ₩ — ₩ (1,018 ) ₩ 2,430,794 Buildings 2,265,929 (757,147 ) (5,859 ) 1,502,923 Leasehold improvements 865,531 (749,407 ) — 116,124 Equipment and vehicles 1,867,739 (1,487,386 ) — 380,353 Construction in-progress 86,303 — — 86,303 Right-of-use 854,327 (302,269 ) (1,178 ) 550,880 ₩ 8,371,641 ₩ (3,296,209 ) ₩ (8,055 ) ₩ 5,067,377 December 31, 2020 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,611,604 ₩ — ₩ (1,018 ) ₩ 2,610,586 Buildings 2,607,957 (830,516 ) (5,859 ) 1,771,582 Leasehold improvements 929,120 (833,293 ) — 95,827 Equipment and vehicles 2,040,100 (1,699,442 ) — 340,658 Construction in-progress 44,190 — — 44,190 Right-of-use 1,094,876 (524,165 ) — 570,711 ₩ 9,327,847 ₩ (3,887,416 ) ₩ (6,877 ) ₩ 5,433,554 Changes in property and equipment for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition Transfer 1 Disposal Depreciation 2 Business Combination Others Ending (In millions of Korean won) Land ₩ 2,432,041 ₩ 7,334 ₩ (3,957 ) ₩ (4,907 ) ₩ — ₩ — ₩ 283 ₩ 2,430,794 Buildings 1,330,211 10,908 220,535 (9,964 ) (55,669 ) — 6,902 1,502,923 Leasehold improvements 122,309 13,398 58,645 (338 ) (77,948 ) — 58 116,124 Equipment and vehicles 280,624 283,896 (4 ) (526 ) (183,900 ) — 263 380,353 Construction in-progress 88,618 293,204 (288,136 ) — — — (7,383 ) 86,303 Right-of-use 589,188 379,934 19 (153,034 ) (281,404 ) — 16,177 550,880 ₩ 4,842,991 ₩ 988,674 ₩ (12,898 ) ₩ (168,769 ) ₩ (598,921 ) ₩ — ₩ 16,300 ₩ 5,067,377 2020 Beginning Acquisition Transfer 1 Disposal Depreciation2 Business Combination Others Ending (In millions of Korean won) Land ₩ 2,430,794 ₩ 6,475 ₩ (116,264 ) ₩ (2,578 ) ₩ — ₩ 295,421 ₩ (3,262 ) ₩ 2,610,586 Buildings 1,502,923 43,592 190,917 (4,442 ) (61,339 ) 100,984 (1,053 ) 1,771,582 Leasehold improvements 116,124 13,348 34,596 (574 ) (73,394 ) 5,087 640 95,827 Equipment and vehicles 380,353 161,515 3,705 (1,990 ) (221,697 ) 19,873 (1,101 ) 340,658 Construction in-progress 86,303 229,927 (291,336 ) — — 20,022 (726 ) 44,190 Right-of-use 550,880 426,405 53 (203,376 ) (272,686 ) 55,656 13,779 570,711 ₩ 5,067,377 ₩ 881,262 ₩ (178,329 ) ₩ (212,960 ) ₩ (629,116 ) ₩ 497,043 ₩ 8,277 ₩ 5,433,554 1 Includes transfers with investment properties and assets held for sale. 2 Includes depreciation expenses amounting to ₩ 111 million and ₩ 123 million recorded as other operating expenses for the years ended December 31, 2019 and 2020, respectively. Changes in accumulated impairment losses of property and equipment for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (6,877 ) ₩ — ₩ — ₩ — ₩ (6,877 ) Accumulated impairment losses of right-of-use — (1,178 ) — — (1,178 ) ₩ (6,877 ) ₩ (1,178 ) ₩ — ₩ — ₩ (8,055 ) 2020 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (6,877 ) ₩ (12 ) ₩ — ₩ 12 ₩ (6,877 ) Accumulated impairment losses of right-of-use (1,178 ) — — 1,178 — ₩ (8,055 ) ₩ (12 ) ₩ — ₩ 1,190 ₩ (6,877 ) |
Disclosure Of Detailed Information About Investment Property Explanatory | Details of investment properties as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,537,240 ₩ — ₩ — ₩ 1,537,240 Buildings 1,463,736 (172,988 ) — 1,290,748 ₩ 3,000,976 ₩ (172,988 ) ₩ — ₩ 2,827,988 December 31, 2020 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,568,508 ₩ — ₩ (410 ) ₩ 1,568,098 Buildings 1,092,737 (122,833 ) (4,463 ) 965,441 ₩ 2,661,245 ₩ (122,833 ) ₩ (4,873 ) ₩ 2,533,539 Changes in investment properties for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition Transfer Disposal Depreciation Others Ending (In millions of Korean won) Land ₩ 972,562 ₩ 580,255 ₩ (3,374 ) ₩ (13,318 ) ₩ — ₩ 1,115 ₩ 1,537,240 Buildings 1,147,249 225,833 (8,861 ) (50,780 ) (36,877 ) 14,184 1,290,748 ₩ 2,119,811 ₩ 806,088 ₩ (12,235 ) ₩ (64,098 ) ₩ (36,877 ) ₩ 15,299 ₩ 2,827,988 2020 Beginning Acquisition Transfer Disposal Depreciation Business combination Others Ending (In millions of Korean won) Land ₩ 1,537,240 ₩ 34,529 ₩ 61,383 ₩ (167,015 ) ₩ — ₩ 106,944 ₩ (4,983 ) ₩ 1,568,098 Buildings 1,290,748 18,667 37,694 (378,332 ) (38,717 ) 42,169 (6,788 ) 965,441 ₩ 2,827,988 ₩ 53,196 ₩ 99,077 ₩ (545,347 ) ₩ (38,717 ) ₩ 149,113 ₩ (11,771 ) ₩ 2,533,539 |
Schedule Of Fair Value Of Investment Property Text Block [Text Block] | Valuation techniques and inputs that are used to measure the fair value of investment properties as of December 31, 2020, are as follows: December 31, 2020 Fair value Valuation techniques Inputs (In millions of Land and buildings ₩ 92,128 Cost approach method - Price per square meter - Replacement cost 1,141,121 Market comparison method - Price per square meter 1,248,604 Cash flow approach - Prospective rental market growth rate - Period of vacancy - Rental rate - Discount rate and others 230,800 Income approach - Discount rate - Capitalization rate - Vacancy rate Fair value of the investment properties amounts to ₩ 3,032,726 million and ₩ 2,712,653 million as of December 31, 2019 and 2020, respectively. The investment properties were measured by qualified independent appraisers with experience in valuing similar properties in the same area. In addition, per fair value hierarchy in Note 6.1.2, fair value hierarchy of all investment properties has been classified as Level 3. Rental income from the above investment properties for the years ended December 31, 2019 and 2020, amounts to ₩ 129,944 million and ₩ 157,652 million, respectively. |
Intangible Assets(Table)
Intangible Assets(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Intangible Assets Abstract [Abstract] | |
Disclosure Of Intangible Assets And Goodwill Explanatory | Details of intangible assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 346,314 ₩ — ₩ (70,517 ) ₩ (56 ) ₩ 275,741 Other intangible assets 4,420,371 (1,926,647 ) (31,652 ) — 2,462,072 ₩ 4,766,685 ₩ (1,926,647 ) ₩ (102,169 ) ₩ (56 ) ₩ 2,737,813 December 31, 2020 Acquisition Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 887,259 ₩ — ₩ (70,517 ) ₩ (53,160 ) ₩ 763,582 Other intangible assets 4,928,003 (2,304,188 ) (36,264 ) — 2,587,551 ₩ 5,815,262 ₩ (2,304,188 ) ₩ (106,781 ) ₩ (53,160 ) ₩ 3,351,133 Details of intangible assets other than goodwill as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 5,802 ₩ (2,930 ) ₩ (19 ) ₩ 2,853 Software 1,428,655 (1,055,136 ) — 373,519 Other intangible assets 555,424 (257,274 ) (31,633 ) 266,517 Value of Business Acquired (VOBA) 2,395,290 (585,805 ) — 1,809,485 Right-of-use 35,200 (25,502 ) — 9,698 ₩ 4,420,371 ₩ (1,926,647 ) ₩ (31,652 ) ₩ 2,462,072 December 31, 2020 Acquisition Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 6,222 ₩ (2,936 ) ₩ (940 ) ₩ 2,346 Software 1,800,686 (1,225,173 ) (2,326 ) 573,187 Other intangible assets 690,665 (285,893 ) (32,998 ) 371,774 Value of Business Acquired (VOBA) 2,395,291 (759,672 ) — 1,635,619 Right-of-use 35,139 (30,514 ) — 4,625 ₩ 4,928,003 ₩ (2,304,188 ) ₩ (36,264 ) ₩ 2,587,551 Changes in intangible assets other than goodwill for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition & Disposal Amortization 1 Others Ending (In millions of Korean won) Industrial property rights ₩ 4,497 ₩ 174 ₩ (1,160 ) ₩ (658 ) ₩ — ₩ 2,853 Software 204,505 274,583 — (105,228 ) (341 ) 373,519 Other intangible assets 2 248,611 59,776 (13,534 ) (33,590 ) 5,254 266,517 Value of Business Acquired (VOBA) 2,001,945 — — (192,460 ) — 1,809,485 Right-of-use 21,063 1,010 — (9,893 ) (2,482 ) 9,698 ₩ 2,480,621 ₩ 335,543 ₩ (14,694 ) ₩ (341,829 ) ₩ 2,431 ₩ 2,462,072 2020 Beginning Acquisition & Disposal Amortization 1 Business combination Others Ending (In millions of Korean won) Industrial property rights ₩ 2,853 ₩ 116 ₩ (147 ) ₩ (476 ) ₩ — ₩ — ₩ 2,346 Software 373,519 340,045 (4,444 ) (153,876 ) 18,252 (309 ) 573,187 Other intangible assets 2 266,517 63,743 (9,527 ) (47,948 ) 106,445 (7,456 ) 371,774 Value of Business Acquired (VOBA) 1,809,485 — — (173,866 ) — — 1,635,619 Right-of-use 9,698 — — (5,026 ) — (47 ) 4,625 ₩ 2,462,072 ₩ 403,904 ₩ (14,118 ) ₩ (381,192 ) ₩ 124,697 ₩ (7,812 ) ₩ 2,587,551 1 Includes ₩ 193,085 million and ₩ 173,992 million recorded as insurance expenses and other operating expenses for the years ended December 31, 2019 and 2020, respectively. 2 Impairment losses for membership right of other intangible asset with indefinite useful life was recognized when its recoverable amount is lower than its carrying amount, and reversal of impairment losses was recognized when its recoverable amount is higher than its carrying amount. Changes in accumulated impairment losses of goodwill for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) 2020 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) Changes in accumulated impairment losses of other intangible assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (45,017 ) ₩ (1,578 ) ₩ 6,859 ₩ 8,084 ₩ (31,652 ) 2020 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (31,652 ) ₩ (9,312 ) ₩ 3,669 ₩ 1,031 ₩ (36,264 ) |
Disclosure Of Goodwill Explanatory | Details of goodwill as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Acquisition Carrying Acquisition Carrying (In millions of Korean won) Housing & Commercial Bank ₩ 65,288 ₩ 65,288 ₩ 65,288 ₩ 65,288 KB Cambodia Bank 1,202 — 1,202 — KB Securities Co., Ltd. 70,265 58,889 70,265 58,889 KB Capital Co., Ltd. 79,609 79,609 79,609 79,609 KB Savings Bank Co., Ltd. 115,343 57,404 115,343 57,404 KB Securities Vietnam Joint Stock Company 13,092 12,987 13,092 12,234 KB Daehan Specialized Bank Plc. 1,515 1,564 1,515 1,470 PRASAC Microfinance Institution Plc. — — 396,942 356,570 PT Sunindo Kookmin Best Finance — — 2,963 2,963 PT Bank Bukopin TBK — — 89,220 80,002 PT. KB Finansia Multi Finance — — 51,820 49,153 ₩ 346,314 ₩ 275,741 ₩ 887,259 ₩ 763,582 * Includes the effect of exchange differences etc. |
Disclosure Of Information For Each Material Impairment Loss Recognised Or Reversed For Individual Asset Or Cashgenerating Unit Explanatory | Details of goodwill allocation to cash-generating units and related information for impairment testing as of December 31, 2020 are as follows: December 31, 2020 Carrying Recoverable amount Discount rate Permanent (In millions of Korean won) Housing & Commercial Bank Retail banking ₩ 49,315 ₩ 1,595,304 17.46 1.00 Corporate banking 15,973 955,540 17.63 1.00 KB Securities Co., Ltd. 58,889 11,340 21.46 1.00 KB Capital Co., Ltd. 79,609 424,933 17.39 1.00 KB Savings Bank Co., Ltd. and Yehansoul Savings Bank Co., Ltd. 57,404 443,778 13.80 1.00 KB Securities Vietnam Joint Stock Company 12,234 10,262 23.61 1.00 KB Daehan Specialized Bank Plc. 1,470 9,299 25.77 1.00 PRASAC Microfinance Institution Plc. 356,570 111,425 24.50 3.00 PT Sunindo Kookmin Best Finance 2,963 1,909 15.47 0.00 PT. KB Finansia Multi Finance 49,153 28,990 16.19 3.00 ₩ 683,580 ₩ 3,592,780 For impairment testing, goodwill is allocated to cash-generating units that are expected to benefit from the synergies of the business combination, and cash-generating units consist of an operating segment or units which are not larger than an operating segment. The Group recognized goodwill amounting to ₩ 65,288 million from the merger of Housing & Commercial Bank, the amounts of ₩ 49,315 million and ₩ 15,973 million were allocated to the retail banking and corporate banking, respectively. And the goodwill of ₩ 356,570 million arising from the acquisition of PRASAC Microfinance Institution Plc. was allocated to microfinance unit. Cash-generating units to which goodwill has been allocated is tested for impairment annually and whenever there is an indication that the unit may be impaired, by comparing the carrying amount of the unit, including the goodwill, with the recoverable amount of the unit. The recoverable amount of a cash-generating unit is measured at the higher of its fair value less costs to sell and its value in use. The fair value less costs to sell is the amount obtainable from the sale in an arm’s length transaction between knowledgeable, willing parties, less the costs of disposal. If it is difficult to measure the amount obtainable from the sale of the cash-generating unit, the Group measures the fair value less costs to sell by reflecting the characteristics of the measured cash-generating unit. If it is not possible to obtain reliable information to measure the fair value less costs to sell, the Group uses the asset’s value in use as its recoverable amount. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit. The projections of the future cash flows are based on the most recent financial budget approved by management and generally cover a period of five years. The future cash flows of retail banking and corporate banking after projection period are estimated on the assumption that the future cash flows will increase by 1.0% per year. The key assumptions used for the estimation of the future cash flows are estimated based on the market size and the Group’s market share. The future cash flows PRASAC Microfinance Institution Plc. after five years are estimated on the assumption that the future cash flows will increase by 3.0% per year. The key assumptions used for the estimation of the future cash flows are the GDP growth rate of Cambodia, the market size and the recent growth rate of PRASAC Microfinance Institution Plc. The discount rate is a pre-tax The Group acquired a 67% stake in PT Bank Bukopin TBK with the acquisition date of September 2, 2020, and the goodwill recognized due to the business combination is ₩ 80,002 million as of December 31, 2020. The Group conducts an impairment test annually and whenever there is an indication of impairment, and no indication of impairment has been observed as of December 31, 2020. |
Lease(Table)
Lease(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Presentation of leases for lessee [Abstract] | |
The Amounts Recognized In The Consolidated Statement Of Financial Position | Amounts recognized in the consolidated statements of financial position related to lease as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Right-of-use Real estate ₩ 518,795 ₩ 537,392 Vehicles 13,542 16,218 Others 18,543 17,101 550,880 570,711 Right-of-use 9,698 4,626 ₩ 560,578 ₩ 575,337 Lease liabilities* ₩ 544,439 ₩ 559,113 * Included in property and equipment, intangible assets and other liabilities. Amounts recognized in the consolidated statements of comprehensive income related to lease for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Korean won) Depreciation and amortization of right-of-use Real estate ₩ 251,465 ₩ 246,058 Vehicles 19,594 15,286 Others 10,345 11,342 Intangible assets 9,893 5,026 ₩ 291,297 ₩ 277,712 Interest expenses on the lease liabilities ₩ 12,720 ₩ 13,492 Expense relating to short-term lease 2,209 6,169 Expense relating to leases of low-value 5,416 7,130 Expense relating to variable lease payments not included in lease liabilities (included in administrative expenses) 15 438 Total cash outflow for lease for the years ended December 31, 2019 and 2020 was ₩ 228,312 million and ₩ 245,151 million, respectively. |
Details Of The Finance Lease As A Finance Lessor | The Group as a finance lessor Total lease investment and the present value of minimum lease payments as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Total lease investment Present value Total lease investment Present (In millions of Korean won) Up to 1 year ₩ 654,104 ₩ 367,937 ₩ 579,968 ₩ 354,588 1-5 1,085,208 569,939 958,125 551,777 Over 5 years 773 748 — — ₩ 1,740,085 ₩ 938,624 ₩ 1,538,093 ₩ 906,365 Unearned interest income on finance lease as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Total lease investment ₩ 1,740,085 ₩ 1,538,093 Net lease investment Present value of minimum lease payments 938,624 906,365 Present value of non-guaranteed 639,075 496,969 1,577,699 1,403,334 Unearned interest income ₩ 162,386 ₩ 134,759 The Group as an operating lessor Future minimum lease receipts arising from the non-cancellable December 31, 2019 December 31, 2020 (In millions of Korean won) Minimum lease receipts Up to 1 year ₩ 577,490 ₩ 792,935 1-5 1,432,354 1,727,498 Over 5 years 682,165 84,733 ₩ 2,692,009 ₩ 2,605,166 |
Lease Payment Reflected In Profit Or Loss As An Operating Lessee | The lease payment reflected in profit or loss for the year ended December 31, 2018, is as follows: 2018 (In millions Minimum lease payment ₩ 221,305 Sublease payment (1,804 ) Total ₩ 219,501 |
Deferred Income Tax Assets An_2
Deferred Income Tax Assets And Liabilities(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Deferred Tax Assets And Liabilities Abstract [Abstract] | |
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory | Details of deferred income tax assets and liabilities as of December 31, 2019 and 2020, are as follows: December 31, 2019 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 115,500 ₩ — ₩ 115,500 Allowances for credit losses 451 (3,266 ) (2,815 ) Impairment losses of property and equipment 4,396 (1,952 ) 2,444 Share-based payments 18,002 — 18,002 Provisions for acceptances and guarantees 20,959 — 20,959 Gains or losses on valuation of derivatives 51,160 (158,604 ) (107,444 ) Present value discount 8,244 (4,201 ) 4,043 Gains or losses on fair value hedge 12,123 — 12,123 Accrued interest — (110,359 ) (110,359 ) Deferred loan origination fees and costs 531 (199,000 ) (198,469 ) Advanced depreciation provision — (1,703 ) (1,703 ) Gains or losses on revaluation 549 (329,331 ) (328,782 ) Investments in subsidiaries and others 35,306 (105,470 ) (70,164 ) Gains or losses on valuation of security investment 39,949 (265,934 ) (225,985 ) Defined benefit liabilities 557,423 — 557,423 Accrued expenses 249,999 — 249,999 Retirement insurance expense — (489,602 ) (489,602 ) Adjustments to the prepaid contributions — (22,897 ) (22,897 ) Derivative-linked securities 131,259 (34,635 ) 96,624 Others 469,540 (762,633 ) (293,093 ) 1,715,391 (2,489,587 ) (774,196 ) Offsetting of deferred income tax assets and liabilities (1,711,794 ) 1,711,794 — ₩ 3,597 ₩ (777,793 ) ₩ (774,196 ) December 31, 2020 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 149,259 ₩ — ₩ 149,259 Allowances for credit losses 26,496 (3,356 ) 23,140 Impairment losses of property and equipment 3,992 (1,889 ) 2,103 Share-based payments 17,718 — 17,718 Provisions for acceptances and guarantees 17,046 — 17,046 Gains or losses on valuation of derivatives 20,645 (223,482 ) (202,837 ) Present value discount 17,058 (3,041 ) 14,017 Gains or losses on fair value hedge 21,060 — 21,060 Accrued interest — (125,835 ) (125,835 ) Deferred loan origination fees and costs 7,224 (226,821 ) (219,597 ) Advanced depreciation provision — (1,703 ) (1,703 ) Gains or losses on revaluation 338 (319,698 ) (319,360 ) Investments in subsidiaries and others 38,164 (111,589 ) (73,425 ) Gains or losses on valuation of security investment 73,857 (1,232,689 ) (1,158,832 ) Defined benefit liabilities 606,146 — 606,146 Accrued expenses 334,900 — 334,900 Retirement insurance expense — (541,317 ) (541,317 ) Adjustments to the prepaid contributions — (28,261 ) (28,261 ) Derivative-linked securities 78,202 (30,881 ) 47,321 Others* 1,081,691 (740,462 ) 341,229 2,493,796 (3,591,024 ) (1,097,228 ) Offsetting of deferred income tax assets and liabilities (2,428,738 ) 2,428,738 — ₩ 65,058 ₩ (1,162,286 ) ₩ (1,097,228 ) * Includes PPA amount from acquisition of Prudential Life Insurance Company of Korea Ltd. and KB Insurance Co., Ltd., and others. Unrecognized Deferred Income Tax Assets No deferred income tax assets have been recognized for the deductible temporary difference of ₩ 242,875 million associated with investments in subsidiaries and associates as of December 31, 2020, because it is not probable that the temporary differences will be reversed in the foreseeable future. No deferred income tax assets have been recognized for deductible temporary differences of ₩ 75,831 million associated with others, as of December 31, 2020, due to the uncertainty that these will be realized in the future. Unrecognized Deferred Income Tax Liabilities No deferred income tax liabilities have been recognized for the taxable temporary difference of ₩ 260,739 million associated with investment in subsidiaries and associates as of December 31, 2020, due to the following reasons: • The Group is able to control the timing of the reversal of the temporary difference. • It is probable that the temporary difference will not be reversed in the foreseeable future. No deferred income tax liabilities have been recognized as of December 31, 2020, for the taxable temporary difference of ₩ 65,288 million arising from the initial recognition of goodwill from the merger of Housing and Commercial Bank in 2001. Changes in cumulative temporary differences for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Gains or losses on fair value hedge ₩ — ₩ — ₩ 44,085 ₩ 44,085 Other provisions 411,903 411,747 424,227 424,383 Allowances for credit losses 12,481 16,160 5,697 2,018 Impairment losses on property and equipment 21,927 21,402 15,460 15,985 Deferred loan origination fees and costs 1,841 1,841 1,930 1,930 Share-based payments 60,071 52,475 55,496 63,092 Provisions for acceptance and guarantees 73,809 73,809 76,214 76,214 Gains or losses on valuation of derivatives 503,277 503,277 186,035 186,035 Present value discount 24,593 24,347 29,732 29,978 Investments in subsidiaries and others 184,870 47,217 47,727 185,380 Gains or losses on valuation of security investment 269,731 264,318 130,823 136,236 Defined benefit liabilities 1,977,430 200,827 384,616 2,161,219 Accrued expenses 993,906 994,326 912,019 911,599 Derivative-linked securities 13,679 13,679 477,307 477,307 Others 1,290,065 600,750 979,710 1,669,025 5,839,583 3,226,175 3,771,078 6,384,486 Unrecognized deferred income tax assets: Other provisions 3,416 4,788 Investments in subsidiaries and others 73,764 67,645 Others 120,704 125,158 5,641,699 6,186,895 Tax rate (%) 27.5 27.5 Total deferred income tax assets ₩ 1,562,537 ₩ 1,715,391 Taxable temporary differences Gains or losses on fair value hedge ₩ (94,085 ) ₩ (94,085 ) ₩ — ₩ — Accrued interest (411,487 ) (362,627 ) (352,477 ) (401,337 ) Allowances for credit losses (238 ) (238 ) (11,877 ) (11,877 ) Impairment losses on property and equipment (4,457 ) (212 ) 82 (4,163 ) Deferred loan origination fees and costs (727,528 ) (727,528 ) (752,178 ) (752,178 ) Advanced depreciation provision (6,192 ) — — (6,192 ) Gains or losses on valuation of derivatives (49,036 ) (49,036 ) (576,743 ) (576,743 ) Present value discount (8,656 ) (8,656 ) (15,278 ) (15,278 ) Goodwill from merger (65,288 ) — — (65,288 ) Gains or losses on revaluation (1,201,992 ) (52,470 ) (48,044 ) (1,197,566 ) Investments in subsidiaries and others (316,346 ) (19,421 ) (122,130 ) (419,055 ) Gains or losses on valuation of security investment (601,496 ) (594,206 ) (899,500 ) (906,790 ) Retirement insurance expense (1,611,475 ) (153,528 ) (317,793 ) (1,775,740 ) Adjustments to the prepaid contributions (69,212 ) (69,212 ) (83,262 ) (83,262 ) Derivative-linked securities (271,873 ) (271,873 ) (125,947 ) (125,947 ) Others (2,098,159 ) (2,917,318 ) (3,613,007 ) (2,793,848 ) (7,537,520 ) (5,320,410 ) (6,918,154 ) (9,135,264 ) Unrecognized deferred income tax liabilities: — Goodwill from merger (65,288 ) (65,288 ) Investments in subsidiaries and others (62,367 ) (68,836 ) Others (588 ) (1,247 ) (7,409,277 ) (8,999,893 ) Tax rate (%) 27.5 27.5 Total deferred income tax liabilities ₩ (2,050,913 ) ₩ (2,489,587 ) 2020 Beginning Business combination Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Gains or losses on fair value hedge ₩ 44,085 ₩ — ₩ 44,085 ₩ 76,583 ₩ 76,583 Other provisions 424,383 6,383 426,457 540,396 544,705 Allowances for credit losses 2,018 105,505 96,885 83,111 93,749 Impairment losses of property and equipment 15,985 — 9,658 8,189 14,516 Deferred loan origination fees and costs 1,930 35,863 15,098 3,574 26,269 Share-based payments 63,092 5 55,601 54,589 62,085 Provisions for acceptance and guarantees 76,214 — 76,214 61,984 61,984 Gains or losses on valuation of derivatives 186,035 5,201 191,236 76,238 76,238 Present value discount 29,978 — 29,732 61,783 62,029 Investments in subsidiaries and others 185,380 — 47,034 232,655 371,001 Gains or losses on valuation of security investment 136,236 — 136,070 251,524 251,690 Defined benefit liabilities 2,161,219 94,105 227,010 327,255 2,355,569 Accrued expenses 911,599 75,498 911,599 1,144,785 1,220,283 Derivative-linked securities 477,307 — 477,307 284,370 284,370 Others* 1,669,025 2,068,207 1,170,462 1,081,994 3,648,764 6,384,486 2,390,767 3,914,448 4,289,030 9,149,835 Unrecognized deferred income tax assets: Other provisions 4,788 3,054 Investments in subsidiaries and others 67,645 242,875 Others 125,158 75,831 6,186,895 8,828,075 Tax rate (%) 27.5 27.5 Total deferred income tax assets ₩ 1,715,391 ₩ 2,493,796 Taxable temporary differences Accrued interest ₩ (401,337 ) ₩ (168,859 ) ₩ (394,255 ) ₩ (281,685 ) ₩ (457,626 ) Allowances for credit losses (11,877 ) — (11,877 ) (12,203 ) (12,203 ) Impairment losses of property and equipment (4,163 ) — (111 ) 117 (3,935 ) Deferred loan origination fees and costs (752,178 ) — (752,178 ) (820,223 ) (820,223 ) Advanced depreciation provision (6,192 ) — — — (6,192 ) Gains or losses on valuation of derivatives (576,743 ) — (576,743 ) (812,662 ) (812,662 ) Present value discount (15,278 ) — (15,278 ) (10,916 ) (10,916 ) Goodwill from merger (65,288 ) — — — (65,288 ) Gains or losses on revaluation (1,197,566 ) — (80,036 ) (45,008 ) (1,162,538 ) Investments in subsidiaries and others (419,055 ) — (70,188 ) (297,809 ) (646,676 ) Gains or losses on valuation of security investment (906,790 ) (3,060,750 ) (899,660 ) (1,358,042 ) (4,425,922 ) Retirement insurance expense (1,775,740 ) (61,789 ) (162,764 ) (288,296 ) (1,963,061 ) Adjustments to the prepaid contributions (83,262 ) — (83,262 ) (102,768 ) (102,768 ) Derivative-linked securities (125,947 ) — (125,947 ) (112,293 ) (112,293 ) Others* (2,793,848 ) (1,613 ) (1,644,815 ) (1,555,740 ) (2,706,386 ) (9,135,264 ) (3,293,011 ) (4,817,114 ) (5,697,528 ) (13,308,689 ) Unrecognized deferred income tax liabilities: — Goodwill from merger (65,288 ) (65,288 ) Investments in subsidiaries and others (68,836 ) (260,739 ) Others (1,247 ) (1,042 ) (8,999,893 ) (12,981,620 ) Tax rate (%) 27.5 27.5 Total deferred income tax liabilities ₩ (2,489,587 ) ₩ (3,591,024 ) * Includes PPA amount from acquisition of Prudential Life Insurance Company of Korea Ltd. and KB Insurance Co., Ltd., and others. |
Assets Held For Sale(Table)
Assets Held For Sale(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Assets Held For Sale Abstract [Abstract] | |
Schedule Of Assets Held For Sale | Details of assets held for sale as of December 31, 2019 and 2020, are as follows: December 31, 2019 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 14,542 ₩ (1,530 ) ₩ 13,012 ₩ 14,374 Buildings held for sale 11,391 (1,252 ) 10,139 12,396 ₩ 25,933 ₩ (2,782 ) ₩ 23,151 ₩ 26,770 December 31, 2020 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 80,740 ₩ (16,169 ) ₩ 64,571 ₩ 68,321 Buildings held for sale 152,426 (24,887 ) 127,539 134,247 Other assets held for sale 10,676 (5,059 ) 5,617 5,801 ₩ 243,842 ₩ (46,115 ) ₩ 197,727 ₩ 208,369 * Acquisition cost of buildings held for sale is net of accumulated depreciation before classified as assets held for sale. Changes in accumulated impairment losses of assets held for sale for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Provision Reversal Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (8,150 ) ₩ (333 ) ₩ — ₩ 5,701 ₩ (2,782 ) 2020 Beginning Provision Reversal Business Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (2,782 ) ₩ (11,593 ) ₩ — ₩ (45,433 ) ₩ 13,693 ₩ (46,115 ) As of December 31, 2020, assets held for sale consist of 4 real estates of closed offices and 1,087 foreclosure assets on loans of PT Bank Bukopin TBK, which were determined to sell by the management, but not yet sold as of December 31, 2020. Negotiation with buyers is in process for the one closed office and the remaining 1,090 assets are also being actively marketed. |
Fair Value Measurement Inputs Of Assets Held Forsale Whose Fair Values Are Measured Table Text Block [Text Block] | Valuation techniques and inputs that are used to measure the fair value of assets held for sale as of December 31, 2020 are as follows: December 31, 2020 Fair value Valuation 1 Unobservable 2 Estimated range of Effect of (In millions of Korean won) Land and buildings ₩ 208,369 Market comparison Adjustment index 0.68 ~ 1.95 Fair value increases 1 The appraisal value is adjusted by the adjustment ratio in the event the public sale is unsuccessful. 2 Adjustment index is calculated using the time factor correction or local factors or individual factors. Among assets held for sale, real estate was measured by independent appraisers with recent experience in evaluating similar properties in the area of the property to be assessed with professional qualifications. All of assets held for sale are classified as level 3 in accordance with fair value hierarchy in Note 6.1.2. |
Other Assets(Table)
Other Assets(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Miscellaneous Assets Abstract [Abstract] | |
Disclosure Of Prepayments And Other Assets Explanatory | Details of other assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Other financial assets Other receivables ₩ 5,792,814 ₩ 10,628,272 Accrued income 1,659,182 1,726,651 Guarantee deposits 1,146,000 1,099,618 Domestic exchange settlement debits 531,356 722,616 Others 129,039 117,330 Allowances for credit losses (104,629 ) (119,762 ) Present value discount (6,703 ) (7,036 ) 9,147,059 14,167,689 Other non-financial Other receivables 1,294 1,091 Prepaid expenses 198,893 254,152 Guarantee deposits 4,084 3,906 Insurance assets 1,662,016 2,376,679 Separate account assets 5,052,804 10,210,047 Others 2,173,693 3,158,993 Allowances for credit losses (24,235 ) (17,520 ) 9,068,549 15,987,348 ₩ 18,215,608 ₩ 30,155,037 Changes in allowances for credit losses of other assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 106,275 ₩ 24,780 ₩ 131,055 Write-offs (5,883 ) (152 ) (6,035 ) Provision (reversal) 9,885 (393 ) 9,492 Others (5,648 ) — (5,648 ) Ending ₩ 104,629 ₩ 24,235 ₩ 128,864 2020 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 104,629 ₩ 24,235 ₩ 128,864 Write-offs (6,517 ) (8,503 ) (15,020 ) Provision 22,153 1,726 23,879 Business combination 7,946 59 8,005 Others (8,449 ) 3 (8,446 ) Ending ₩ 119,762 ₩ 17,520 ₩ 137,282 |
Financial Liabilities At Fair_2
Financial Liabilities At Fair Value Through Profit Or Loss(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Current Financial Liabilities At Fair Value Through Profit Or Loss Abstract [Abstract] | |
Schedule Of Financial Liabilities At Fair Value Through Profit Or Loss Table Text Block [Text Block] | Details of financial liabilities at fair value through profit or loss, and financial liabilities designated at fair value through profit or loss as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Financial liabilities at fair value through profit or loss Borrowed securities sold ₩ 2,583,092 ₩ 1,934,735 Other 80,235 91,216 2,663,327 2,025,951 Financial liabilities designated at fair value through profit or loss Derivative-linked securities 12,704,826 9,784,107 12,704,826 9,784,107 ₩ 15,368,153 ₩ 11,810,058 |
Disclosure Of Difference Between Carrying Amount And Contractual Cash Flow Amount Of Financial Liabilities Designated At Fair ValueT hrough Profit Or Loss Explanatory | Difference between the carrying amount and contractual cash flow amount of financial liabilities designated at fair value through profit or loss as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Contractual cash flow amount ₩ 12,515,734 ₩ 9,583,186 Carrying amount 12,704,826 9,784,107 Difference ₩ (189,092 ) ₩ (200,921 ) |
Deposits(Table)
Deposits(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Deposits From Customers Abstract [Abstract] | |
Deposit Liabilities Type Table Text Block [Text Block] | Details of deposits as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Demand deposits Demand deposits in Korean won ₩ 127,790,349 ₩ 162,155,728 Demand deposits in foreign currencies 8,550,068 14,473,832 136,340,417 176,629,560 Time deposits Time deposits in Korean won 157,653,603 149,435,968 157,653,603 149,435,968 Time deposits in foreign currencies 7,377,173 10,043,679 Fair value adjustments on fair value hedged time deposits in foreign currencies (18,391 ) 2,089 7,358,782 10,045,768 165,012,385 159,481,736 Certificates of deposits 4,239,969 2,468,924 ₩ 305,592,771 ₩ 338,580,220 |
Borrowings(Table)
Borrowings(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Detailed Information About Borrowings Abstract [Abstract] | |
Schedule Of Debt Table Text Block [Text Block] | Details of borrowings as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) General borrowings ₩ 24,370,567 ₩ 32,312,859 Bonds sold under repurchase agreements and others 13,015,506 16,334,365 Call money 432,787 1,179,932 ₩ 37,818,860 ₩ 49,827,156 |
Schedule Of Details Of Borrowings Table Text Block [Text Block] | Details of general borrowings as of December 31, 2019 and 2020, are as follows: Lenders Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Borrowings in Korean won Borrowings from the Bank of Korea The Bank of Korea 0.25 ₩ 2,649,851 ₩ 6,463,267 Borrowings from the government SEMAS and others 0.00 ~ 2.70 1,658,810 2,675,568 Borrowings from banks Shinhan Bank and others 1.55 ~ 3.01 116,160 137,952 Borrowings from non-banking Korea Securities Finance Corporation and others 0.20 ~ 4.74 1,982,242 2,203,702 Other borrowings The Korea Development Bank and others 0.00 ~ 5.20 8,022,921 9,717,382 14,429,984 21,197,871 Borrowings in foreign currencies Due to banks Commonwealth Bank of Australia and others — 4,682 292 Borrowings from banks Central Bank of Uzbekistan and others 0.00 ~ 8.84 8,089,368 9,839,110 Borrowings from other financial institutions The Export-Import Bank of Korea and others 0.70 ~ 1.47 7,081 23,827 Other borrowings Bank of New York Mellon and others 0.00 ~ 2.80 1,839,452 1,251,759 9,940,583 11,114,988 ₩ 24,370,567 ₩ 32,312,859 |
Schedule Of Repurchase Agreements | Details of bonds sold under repurchase agreements and others as of December 31, 2019 and 2020, are as follows: Lenders Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Bonds sold under repurchase agreements Individuals, groups and corporations 0.25~3.00 ₩ 13,011,121 ₩ 16,329,799 Bills sold Counter sale 0.10~0.35 4,385 4,566 ₩ 13,015,506 ₩ 16,334,365 |
Schedule Of Details Of Call Money Table Text Block [Text Block] | Details of call money as of December 31, 2019 and 2020, are as follows: Lenders Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Call money in Korean won The Export-Import Bank of Korea and others 0.48~0.85 ₩ 165,000 ₩ 510,000 Call money in foreign currencies Central Bank of Uzbekistan and others 0.00~0.34 267,787 669,932 ₩ 432,787 ₩ 1,179,932 |
Debentures(Table)
Debentures(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Detailed Information About Debentures Abstract [Abstract] | |
Schedule Of Details Of Debentures Table Text Block [Text Block] | Details of debentures as of December 31, 2019 and 2020, are as follows: Annual December 31, 2019 December 31, 2020 (In millions of Korean won) Debentures in Korean won Structured debentures 5.65 ~ 5.86 ₩ 33,310 ₩ 1,960 Exchangeable bonds* 0.00 — 240,000 Subordinated fixed rate debentures 2.02 ~ 4.35 3,386,590 4,834,407 Fixed rate debentures 0.00 ~ 3.50 40,596,755 47,229,619 Floating rate debentures 0.58 ~ 1.55 1,580,000 3,190,000 45,596,655 55,495,986 Fair value adjustments of fair value hedged debentures in Korean won 21,070 (6,839 ) Less: Discount on debentures in Korean won (30,029 ) (32,028 ) Less: Adjustment for exchangeable rights in Korean won — (14,957 ) 45,587,696 55,442,162 Debentures in foreign currencies Floating rate debentures 0.58 ~ 1.51 2,227,607 2,232,938 Fixed rate debentures 0.05 ~ 13.50 3,094,196 5,030,580 5,321,803 7,263,518 Fair value adjustments of fair value hedged debentures in foreign currencies 41,406 81,333 Less: Discount on debentures in foreign currencies (15,322 ) (26,326 ) 5,347,887 7,318,525 ₩ 50,935,583 ₩ 62,760,687 * Fair value of the liability component of exchangeable bonds is calculated by using market interest rates of bonds under the same conditions without the exchangeable rights. The residual amount after deducting the liability component from the issuance amount, represents the value of the exchangeable rights and is recorded in equity. Shares to be exchanged are 5 million treasury shares of KB Financial Group Inc. with the exchange price of ₩ 48,000. Exercise period for exchangeable rights is from the 60th day from the issuance date to 10 days before the maturity date. |
Schedule Of Changes In Debentures Based On Face Value Table Text Block [Text Block] | Changes in debentures based on face value for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Issue Repayment Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 34,320 ₩ — ₩ (1,010 ) ₩ — ₩ 33,310 Subordinated fixed rate debentures 3,437,729 — (51,139 ) — 3,386,590 Fixed rate debentures 43,466,085 91,960,041 (94,829,371 ) — 40,596,755 Floating rate debentures 1,650,000 570,000 (640,000 ) — 1,580,000 48,588,134 92,530,041 (95,521,520 ) — 45,596,655 Debentures in foreign currencies Floating rate debentures 1,791,868 532,380 (33,199 ) (63,442 ) 2,227,607 Fixed rate debentures 2,951,251 595,490 (590,950 ) 138,405 3,094,196 4,743,119 1,127,870 (624,149 ) 74,963 5,321,803 ₩ 53,331,253 ₩ 93,657,911 ₩ (96,145,669 ) ₩ 74,963 ₩ 50,918,458 2020 Beginning Issue Repayment Business Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 33,310 ₩ — ₩ (1,350 ) ₩ — ₩ (30,000 ) ₩ 1,960 Exchangeable bonds — 240,000 — — — 240,000 Subordinated fixed rate debentures 3,386,590 2,150,000 (702,183 ) — — 4,834,407 Fixed rate debentures 40,596,755 111,677,084 (105,044,220 ) — — 47,229,619 Floating rate debentures 1,580,000 2,010,000 (400,000 ) — — 3,190,000 45,596,655 116,077,084 (106,147,753 ) — (30,000 ) 55,495,986 Debentures in foreign currencies Floating rate debentures 2,227,607 823,478 (675,075 ) — (143,072 ) 2,232,938 Fixed rate debentures 3,094,196 2,909,967 (937,972 ) 277,087 (312,698 ) 5,030,580 5,321,803 3,733,445 (1,613,047 ) 277,087 (455,770 ) 7,263,518 ₩ 50,918,458 ₩ 119,810,529 ₩ (107,760,800 ) ₩ 277,087 ₩ (485,770 ) ₩ 62,759,504 |
Provisions(Table)
Provisions(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Provisions Abstract [Abstract] | |
Disclosure Of Other Provisions Explanatory | Details of provisions as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Provisions for credit losses of unused loan commitments ₩ 208,148 ₩ 298,753 Provisions for credit losses of acceptances and guarantees 77,759 62,254 Provisions for credit losses of financial guarantee contracts 6,063 6,348 Provisions for restoration costs 120,340 151,696 Others 115,619 195,852 ₩ 527,929 ₩ 714,903 Changes in provisions for credit losses of unused loan commitments, acceptances and guarantees for the years ended December 31, 2019 and 2020, are as follows: 2019 Provisions for credit losses of unused Provisions for credit losses of 12-month Lifetime expected 12-month Lifetime expected Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 132,876 ₩ 68,920 ₩ 8,881 ₩ 27,084 ₩ 30,109 ₩ 17,982 Transfer between stages Transfer to 12-month 32,622 (31,408 ) (1,214 ) 365 (365 ) — Transfer to lifetime expected credit losses (16,932 ) 17,195 (263 ) (975 ) 1,705 (729 ) Impairment (422 ) (1,516 ) 1,938 (24 ) (280 ) 304 Provision (reversal) for credit losses (21,171 ) 18,036 45 (1,763 ) 4,584 (893 ) Others (exchange differences, etc.) 324 237 — 274 259 122 Ending ₩ 127,297 ₩ 71,464 ₩ 9,387 ₩ 24,961 ₩ 36,012 ₩ 16,786 2020 Provisions for credit losses of unused Provisions for credit losses of 12-month Lifetime expected credit losses 12-month Lifetime expected credit losses Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 127,297 ₩ 71,464 ₩ 9,387 ₩ 24,961 ₩ 36,012 ₩ 16,786 Transfer between stages Transfer to 12-month 23,318 (21,694 ) (1,624 ) 194 (191 ) (3 ) Transfer to lifetime expected credit losses (13,431 ) 15,991 (2,560 ) (486 ) 486 — Impairment (304 ) (3,474 ) 3,778 (5 ) (461 ) 466 Provision (reversal) for credit losses* 24,583 65,449 (412 ) 9,482 (20,389 ) (2,734 ) Business combination 19,426 — — — — — Others (exchange differences, etc.) (18,168 ) (273 ) — (1,058 ) (619 ) (187 ) Ending ₩ 162,721 ₩ 127,463 ₩ 8,569 ₩ 33,088 ₩ 14,838 ₩ 14,328 * Includes additional provision of ₩ 14,974 million for industries and borrowers which are highly affected by COVID-19, (non-impaired) Changes in provisions for credit losses of financial guarantee contracts for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Beginning ₩ 4,275 ₩ 6,063 Provision 1,865 280 Others (77 ) 5 Ending ₩ 6,063 ₩ 6,348 Changes in provisions for restoration costs for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Korean won) Beginning ₩ 108,000 ₩ 120,340 Provision 7,037 14,192 Reversal (7,178 ) (2,010 ) Used (5,211 ) (9,469 ) Unwinding of discount 2,237 2,372 Effect of changes in discount rate 15,455 23,886 Business combination — 2,385 Ending ₩ 120,340 ₩ 151,696 Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate were used to estimate the present value of estimated costs. Changes in other provisions for the years ended December 31, 2019 and 2020, are as follows: 2019 Membership Dormant Litigations Others* Total (In millions of Korean won) Beginning ₩ 12,654 ₩ 4,377 ₩ 21,190 ₩ 89,511 ₩ 127,732 Increase 56,758 2,378 23,863 38,025 121,024 Decrease (54,743 ) (3,176 ) (16,363 ) (58,855 ) (133,137 ) Ending ₩ 14,669 ₩ 3,579 ₩ 28,690 ₩ 68,681 ₩ 115,619 2020 Membership Dormant Litigations Others* Total (In millions of Korean won) Beginning ₩ 14,669 ₩ 3,579 ₩ 28,690 ₩ 68,681 ₩ 115,619 Increase 76,138 2,607 19,186 89,361 187,292 Decrease (71,306 ) (3,179 ) (9,725 ) (28,173 ) (112,383 ) Business combination — — 2,366 2,958 5,324 Ending ₩ 19,501 ₩ 3,007 ₩ 40,517 ₩ 132,827 ₩ 195,852 * Provisions for incomplete sales of cardssurance are ₩ 2,532 million and ₩ 1,319 million, as of December 31, 2019 and 2020, respectively. |
Net Defined Benefit Liabiliti_2
Net Defined Benefit Liabilities(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Defined Benefit Plans Abstract [Abstract] | |
Schedule Of Defined Benefit Plans Disclosures Text Block [Text Block] | Changes in net defined benefit liabilities for the years ended December 31, 2019 and 2020, are as follows: 2019 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,172,260 ₩ (1,910,047 ) ₩ 262,213 Current service cost 226,788 — 226,788 Past service cost 2,276 — 2,276 Interest expense (income) 48,795 (43,250 ) 5,545 Remeasurements: Actuarial gains or losses by changes in demographic assumptions (3,122 ) — (3,122 ) Actuarial gains or losses by changes in financial assumptions 61,547 — 61,547 Actuarial gains or losses by experience adjustments 7,458 — 7,458 Return on plan assets (excluding amounts included in interest income) — 11,116 11,116 Contributions by the Group — (288,420 ) (288,420 ) Payments from plans (benefit payments) (141,820 ) 141,798 (22 ) Payments from the Group (32,556 ) — (32,556 ) Transfer in 7,775 (7,425 ) 350 Transfer out (7,517 ) 7,517 — Effect of exchange differences (2 ) — (2 ) Others (129 ) 1 (128 ) Ending* ₩ 2,341,753 ₩ (2,088,710 ) ₩ 253,043 2020 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,341,753 ₩ (2,088,710 ) ₩ 253,043 Current service cost 232,147 — 232,147 Past service cost 3,269 — 3,269 Gains on settlement (1,912 ) — (1,912 ) Interest expense (income) 46,178 (41,435 ) 4,743 Remeasurements: Actuarial gains and losses by changes in demographic assumptions (9,611 ) — (9,611 ) Actuarial gains and losses by changes in financial assumptions 789 — 789 Actuarial gains and losses by experience adjustments 16,292 — 16,292 Return on plan assets (excluding amounts included in interest income) — 6,308 6,308 Contributions by the Group — (268,918 ) (268,918 ) Contributions by the employees — (248 ) (248 ) Payments from plans (settlement) (8,162 ) 8,162 — Payments from plans (benefit payments) (148,468 ) 144,546 (3,922 ) Payments from the Group (34,361 ) — (34,361 ) Transfer in 9,673 (9,027 ) 646 Transfer out (8,635 ) 8,635 — Effect of exchange differences (724 ) 5 (719 ) Effect of business acquisition and disposal 110,080 (62,271 ) 47,809 Others 26 — 26 Ending* ₩ 2,548,334 ₩ (2,302,953 ) ₩ 245,381 * The net defined benefit liabilities of ₩ 253,043 million is calculated by subtracting ₩ 946 million net defined benefit assets from ₩ 253,989 million net defined benefit liabilities as of December 31, 2019. The net defined benefit liabilities of ₩ 245,381 million is calculated by subtracting ₩ 2,845 million net defined benefit assets from ₩ 248,226 million net defined benefit liabilities as of December 31, 2020. |
Disclosure Of Net Defined Benefit Liability Asset Explanatory | Details of net defined benefit liabilities as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Present value of defined benefit obligation ₩ 2,341,753 ₩ 2,548,334 Fair value of plan assets (2,088,710 ) (2,302,953 ) Net defined benefit liabilities ₩ 253,043 ₩ 245,381 |
Schedule Of Net Benefit Costs Table Text Block [Text Block] | Details of post-employment benefits recognized in profit or loss as employee compensation and benefits for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Current service cost ₩ 208,470 ₩ 226,788 ₩ 232,147 Past service cost 7,912 2,276 3,269 Net interest expenses on net defined benefit liabilities 3,833 5,545 4,743 Gains on settlement (1,000 ) — (1,912 ) Post-employment benefits * ₩ 219,215 ₩ 234,609 ₩ 238,247 * Includes post-employment benefits amounting to ₩ 2,575 million recognized as other operating expense and ₩ 121 million recognized as prepayment for the year ended December 31, 2019 and post-employment benefits amounting to ₩ 2,840 million recognized as other operating expense and ₩ 176 million recognized as prepayment for the year ended December 31, 2020. |
Schedule Of Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Table Text Block [Text Block] | Details of remeasurements of net defined benefit liabilities recognized as other comprehensive income (loss) for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Remeasurements: Return on plan assets (excluding amounts included in interest income) ₩ (22,420 ) ₩ (11,116 ) ₩ (6,308 ) Actuarial gains or losses (167,973 ) (65,883 ) (7,470 ) Income tax effects 52,377 21,172 3,792 Effect of exchange difference — — (399 ) Remeasurements after income tax ₩ (138,016 ) ₩ (55,827 ) ₩ (10,385 ) |
Disclosure Of Fair Value Of Plan Assets Explanatory | Details of fair value of plan assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,087,861 ₩ 2,087,861 Investment fund — 849 849 ₩ — ₩ 2,088,710 ₩ 2,088,710 December 31, 2020 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,299,500 ₩ 2,299,500 Derivative instruments — 1,930 1,930 Investment fund — 1,523 1,523 ₩ — ₩ 2,302,953 ₩ 2,302,953 |
Schedule Of Assumptions Used Table Text Block [Text Block] | Details of key actuarial assumptions used as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Discount rate (%) 1.60~2.00 0.90~2.00 Salary increase rate (%) 0.00~7.50 0.00~7.50 Turnover (%) 0.00~50.00 0.00~50.00 Mortality assumptions are based on the experience-based mortality table issued by Korea Insurance Development Institute in 2019. |
Disclosure Of Sensitivity Analysis For Actuarial Assumptions Explanatory | Sensitivity analysis results of significant actuarial assumptions as of December 31, 2020, are as follows: Changes in principal Effect on net defined benefit obligation Increase in principal Decrease in principal Discount rate 0.5 %p 4.34% decrease 4.12% increase Salary increase rate 0.5 %p 1.41% increase 6.41% decrease Turnover 0.5 %p 0.94% decrease 0.39% increase The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. The sensitivity of the defined benefit obligation to changes in principal actuarial assumptions is calculated using the same projected unit credit method used in calculating the defined benefit obligations recognized in the consolidated statement of financial position. |
Disclosure Of Information About Maturity Profile Of Defined Benefit Obligation Explanatory | Expected maturity analysis of undiscounted pension benefits (including expected future benefit) as of December 31, 2020 are as follows: Up to 1 year 1~2 years 2~5 years 5~10 years Over 10 years Total (In millions of Korean won) Pension benefits* ₩ 98,050 ₩ 182,432 ₩ 706,187 ₩ 1,415,615 ₩ 3,829,749 ₩ 6,232,033 * Amount determined under the promotion compensation type defined contribution plan is excluded. The weighted average duration of the defined benefit obligation is 1.0 ~ 11.5 years . Expected contribution to plan assets for the next annual reporting period after December 31, 2020 is estimated to be ₩ 221,271 million. |
Other Liabilities(Table)
Other Liabilities(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Miscellaneous Liabilities Abstract [Abstract] | |
Disclosure Of Accrued Expenses And Other Liabilities Explanatory | Details of other liabilities as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Other financial liabilities Other payables ₩ 9,485,597 ₩ 14,247,067 Prepaid card and debit card payables 27,555 31,184 Accrued expenses 3,066,445 2,787,360 Financial guarantee liabilities 46,428 49,286 Deposits for letter of guarantees and others 862,968 1,103,876 Domestic exchange settlement credits 2,079,636 938,039 Foreign exchanges settlement credits 114,316 134,678 Borrowings from other business accounts 256 — Due to trust accounts 5,216,460 7,542,955 Liabilities incurred from agency relationships 771,609 765,844 Account for agency businesses 407,475 400,507 Dividend payables 473 478 Lease liabilities 544,439 559,113 Others 5,930 51,901 22,629,587 28,612,288 Other non-financial Other payables 283,771 386,094 Unearned revenue 465,501 669,908 Accrued expenses 716,180 815,941 Deferred revenue on credit card points 206,188 211,815 Withholding taxes 158,992 180,092 Separate account liabilities 5,047,080 10,701,404 Others 229,960 226,481 7,107,672 13,191,735 ₩ 29,737,259 ₩ 41,804,023 |
Equity(Table)
Equity(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Equity Abstract [Abstract] | |
Disclosure Of Issued Capital Explanatory | Details of share capital as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Type of share Ordinary share Ordinary share (In millions of Korean won and in number of shares) Number of authorized shares 1,000,000,000 1,000,000,000 Par value per share (In Korean won) ₩ 5,000 ₩ 5,000 Number of issued shares 415,807,920 415,807,920 Share capital ₩ 2,090,558 ₩ 2,090,558 Changes in outstanding shares for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In number of shares) Beginning 395,551,297 389,634,335 Increase — — Decrease (5,916,962 ) — Ending 389,634,335 389,634,335 |
Schedule Of Hybrid Securities [Text Block] | Details of hybrid securities classified as equity as of December 31, 2019 and 2020, are as follows: Issuance date Maturity Interest rate December 31, 2019 December 31, 2020 (In millions of Korean won) The 1-1st May 2, 2019 Perpetual bond 3.23 ₩349,309 ₩349,309 The 1-2nd May 2, 2019 Perpetual bond 3.44 49,896 49,896 The 2-1st Hybrid securities May 8, 2020 Perpetual bond 3.30 — 324,099 The 2-2nd May 8, 2020 Perpetual bond 3.43 — 74,812 The 3-1st July 14, 2020 Perpetual bond 3.17 — 369,099 The 3-2nd July 14, 2020 Perpetual bond 3.38 — 29,922 The 4-1st Oct 20, 2020 Perpetual bond 3.00 — 433,996 The 4-2nd Oct 20, 2020 Perpetual bond 3.28 — 64,855 ₩399,205 ₩1,695,988 The above hybrid securities are early redeemable by the Group after 5 or 10 years from the issuance date. On the other hand, hybrid securities of ₩ 574,580 million issued by Kookmin Bank are recognized as non-controlling |
Disclosure Of Reserves And Other Equity Interest Explanatory | Details of capital surplus as of December 31, 2019 and 2020, are as follows December 31, 2019 December 31, 2020 (In millions of Korean won) Paid-in ₩ 13,190,274 ₩ 13,190,274 Loss on sales of treasury shares (481,332 ) (481,332 ) Other capital surplus 4,413,835 4,002,714 Consideration for exchangeable rights — 11,933 ₩ 17,122,777 ₩ 16,723,589 |
Schedule Of Accumulated Other Comprehensive Income Loss [Text Block] | Details of accumulated other comprehensive income as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (290,228 ) ₩ (300,324 ) Exchange differences on translating foreign operations 31,793 (131,113 ) Net gains on financial instruments at fair value through other comprehensive income 487,331 717,230 Share of other comprehensive income (loss) of associates and joint ventures 3,318 (3,529 ) Losses on cash flow hedging instruments (27,333 ) (28,597 ) Gains (losses) on hedging instruments of net investments in foreign operations (41,992 ) 22,277 Other comprehensive income arising from separate account 18,381 8,698 Fair value changes on financial liabilities designated at fair value due to own credit risk (20,326 ) (11,507 ) Net gains on overlay approach adjustment 187,077 339,202 ₩ 348,021 ₩ 612,337 |
Schedule Of Appropriated And Unappropriated Retained Earnings [Text Block] | Details of retained earnings as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 2 (In millions of Korean won) Legal reserves 1 ₩ 482,807 ₩ 557,405 Voluntary reserves 982,000 982,000 Unappropriated retained earnings 18,244,738 20,977,987 ₩ 19,709,545 ₩ 22,517,392 1 With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches at least the aggregate amount of its paid-in 2 Retained earnings restricted for dividend at subsidiaries level pursuant to law and regulations amounts to ₩ 3,587,439 million as of December 31, 2020. |
Disclosure Of Treasury Shares Explanatory | Changes in treasury shares for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares 22,560,240 5,916,962 (2,303,617 ) 26,173,585 Carrying amount ₩ 968,549 ₩ 267,639 ₩ (100,000 ) ₩ 1,136,188 2020 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares* 26,173,585 — — 26,173,585 Carrying amount ₩ 1,136,188 ₩ — ₩ — ₩ 1,136,188 * 5,000,000 treasury shares are deposited at the Korea Securities Depository for issuing exchangeable bonds. |
Net Interest Income(Table)
Net Interest Income(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Interest Revenue Or Expense Net Abstract [Abstract] | |
Interest Income And Interest Expense Disclosure Table Text Block [Text Block] | Details of interest income, expense and net interest income for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Interest income Due from financial institutions measured at fair value through profit or loss ₩ 9,236 ₩ 2,685 ₩ 649 Securities measured at fair value through profit or loss 713,058 668,377 647,840 Loans measured at fair value through profit or loss 26,066 33,001 10,876 Securities measured at fair value through other comprehensive income 718,327 774,864 719,434 Loans measured at fair value through other comprehensive income 2,373 14,708 7,899 Due from financial institutions measured at amortized cost 109,155 150,635 92,155 Securities measured at amortized cost 604,709 599,519 627,201 Loans measured at amortized cost 11,431,359 12,247,493 12,177,822 Others 120,286 147,905 201,871 13,734,569 14,639,187 14,485,747 Interest expenses Deposits 3,041,739 3,481,121 2,916,794 Borrowings 544,562 596,425 572,946 Debentures 1,148,729 1,240,566 1,186,310 Others 94,611 124,288 87,423 4,829,641 5,442,400 4,763,473 Net interest income ₩ 8,904,928 ₩ 9,196,787 ₩ 9,722,274 |
Interest Income Recognized On Impaired Loans Explanatory | Interest income recognized on impaired loans is ₩48,974 million, ₩ 54,033 million and ₩ 56,606 million for the years ended December 31, 2018, 2019 and 2020, respectively. |
Net Fee And Commission Income(T
Net Fee And Commission Income(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Fee And Commission Income Expense Abstract [Abstract] | |
Schedule Of Details Of Fee And Commission Income And Expense Table Text Block [Text Block] | Details of fee and commission income, expense and net fee and commission income for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Fee and commission income Banking activity fees ₩ 208,443 ₩ 214,512 ₩ 189,100 Lending activity fees 74,340 83,916 91,663 Credit card and debit card related fees 1,360,515 1,316,636 1,378,450 Agent activity fees 149,585 172,211 196,518 Trust and other fiduciary fees 363,767 388,352 331,827 Fund management related fees 132,657 153,798 154,612 Acceptances and guarantees fees 44,104 48,122 54,108 Foreign currency related fees 124,201 134,145 173,313 Securities agency fees 167,071 145,846 172,097 Other business account commission on consignment 36,947 36,813 40,461 Commissions received on securities business 518,309 445,987 793,278 Lease fees 246,537 428,195 636,301 Others 291,244 310,714 315,296 3,717,720 3,879,247 4,527,024 Fee and commission expense Trading activity related fees* 31,889 28,869 38,497 Lending activity fees 25,734 26,040 33,444 Credit card and debit card related fees 907,831 892,391 848,823 Outsourcing related fees 164,594 190,312 216,962 Foreign currency related fees 43,053 42,902 49,435 Others 301,243 343,729 380,924 1,474,344 1,524,243 1,568,085 Net fee and commission income ₩ 2,243,376 ₩ 2,355,004 ₩ 2,958,939 * Fees from financial instruments at fair value through profit or loss. |
Net Gains or Losses on Financ_2
Net Gains or Losses on Financial Instruments at Fair Value Through Profit or Loss(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Net Gains Or Losses On Financial Assets Liabilities At Fair Value Through Profit Or Loss Abstract [Abstract] | |
Schedule Of Net Gains Or Losses On Financial Instruments Held For Trading Table Text Block [Text Block] | Net gains or losses on financial instruments at fair value through profit or loss include dividend income and gains or losses arising from changes in fair values, sales and redemptions. Details of net gains or losses on financial instruments at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss Debt securities ₩ 1,544,892 ₩ 1,613,946 ₩ 2,061,505 Equity securities 571,404 428,646 725,072 2,116,296 2,042,592 2,786,577 Derivatives held for trading Interest rate 2,328,576 2,685,998 2,632,246 Currency 3,764,985 5,251,597 8,335,594 Stock or stock index 1,383,446 2,612,422 2,808,284 Credit 38,461 41,548 28,434 Commodity 8,285 15,240 18,097 Other 92,947 212,731 231,901 7,616,700 10,819,536 14,054,556 Financial liabilities at fair value through profit or loss 72,410 46,750 28,160 Other financial instruments 22 5,811 689 9,805,428 12,914,689 16,869,982 Losses on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss Debt securities 850,129 752,999 1,040,285 Equity securities 475,968 315,743 444,554 1,326,097 1,068,742 1,484,839 Derivatives held for trading Interest rate 2,610,305 2,758,205 2,687,114 Currency 3,499,356 5,118,095 8,191,456 Stock or stock index 1,626,007 1,585,086 2,558,205 Credit 36,747 42,172 19,213 Commodity 10,456 9,437 21,797 Other 117,741 190,979 253,406 7,900,612 9,703,974 13,731,191 Financial liabilities at fair value through profit or loss 134,287 94,426 153,227 Other financial instruments 60 5,704 116 9,361,056 10,872,846 15,369,373 Net gains on financial instruments at fair value through profit or loss ₩ 444,372 ₩ 2,041,843 ₩ 1,500,609 |
Schedule Of Net Gains Or Losses On Financial Instruments Designated At Fair Value Through Profit Or Loss Table Text Block [Text Block] | Net gains or losses on financial instruments designated at fair value through profit or loss include dividend income and gains or losses arising from changes in fair values, sales and redemptions. Details of net gains or losses on financial instruments designated at fair value through profit or loss for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Gains on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss ₩ 667,508 ₩ 555,749 ₩ 654,045 667,508 555,749 654,045 Losses on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss 760,577 1,953,720 1,143,288 760,577 1,953,720 1,143,288 Net losses on financial instruments designated at fair value through profit or loss ₩ (93,069 ) ₩ (1,397,971 ) ₩ (489,243 ) |
Net Other Operating Income An_2
Net Other Operating Income And Expenses(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Other Operating Income And Expenses Abstract [Abstract] | |
Other Operating Income And Expense Text Block [Text Block] | Details of other operating income and expenses for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Other operating income Gains related to financial instruments at fair value through other comprehensive income Gains on redemption of financial instruments at fair value through other comprehensive income ₩ 259 ₩ 796 ₩ 351 Gains on disposal of financial instruments at fair value through other comprehensive income 134,875 222,371 304,217 135,134 223,167 304,568 Gains related to financial assets at amortized cost Gains on sale of loans measured at amortized cost 46,877 80,746 180,038 Gains on disposal of securities measured at amortized cost — — 229 46,877 80,746 180,267 Gains on foreign exchange transactions 1,600,161 2,183,703 3,634,987 Dividend income 83,930 54,768 45,125 Others 260,709 321,244 591,798 2,126,811 2,863,628 4,756,745 Other operating expenses Losses related to financial instruments at fair value through other comprehensive income Losses on redemption of financial instruments at fair value through other comprehensive income 17 — 320 Losses on disposal of financial instruments at fair value through other comprehensive income 35,864 16,975 19,159 35,881 16,975 19,479 Losses related to financial assets at amortized cost Losses on sale of loans measured at amortized cost 9,006 19,439 16,061 Losses on disposal of securities measured at amortized cost — — 6,513 9,006 19,439 22,574 Losses on foreign exchanges transactions 1,539,837 1,970,294 3,530,618 Others 1,672,123 1,920,244 2,684,004 3,256,847 3,926,952 6,256,675 Net other operating expenses ₩ (1,130,036 ) ₩ (1,063,324 ) ₩ (1,499,930 ) |
General And Administrative Ex_2
General And Administrative Expenses(Table) | 12 Months Ended |
Dec. 31, 2020 | |
General And Administrative Expense Abstract [Abstract] | |
Schedule Of Details Of General And Administrative Expense Table Text Block [Text Block] | Details of general and administrative expenses for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Employee Benefits Salaries and short-term employee benefits—salaries ₩ 2,512,945 ₩ 2,557,821 ₩ 2,789,201 Salaries and short-term employee benefits—others 870,356 848,421 871,014 Post-employment benefits—defined benefit plans 217,085 231,913 235,231 Post-employment benefits—defined contribution plans 21,056 27,924 37,328 Termination benefits 242,010 239,790 361,098 Share-based payments 10,930 49,418 49,364 3,874,382 3,955,287 4,343,236 Depreciation and amortization 408,771 784,431 874,911 Other general and administrative expenses Rental expense 361,344 109,745 116,325 Tax and dues 214,683 238,670 260,071 Communication 46,661 48,749 53,596 Electricity and utilities 28,823 29,161 32,298 Publication 16,018 15,136 13,988 Repairs and maintenance 22,432 23,947 32,448 Vehicle 12,495 11,537 14,314 Travel 19,393 21,452 12,251 Training 30,310 31,451 27,610 Service fees 210,081 227,631 238,787 Electronic data processing expenses 189,007 258,456 280,773 Advertising 217,244 228,826 236,618 Others 266,868 286,538 295,926 1,635,359 1,531,299 1,615,005 ₩ 5,918,512 ₩ 6,271,017 ₩ 6,833,152 |
Schedule Of Details Of Stock Grants Linked To Long-term And Short-term Performance [Text Blcok] | Details of stock grants linked to long-term performance as of December 31, 2020, are as follows: Grant date Number of granted 1 Vesting conditions 2 (In number of shares) KB Financial Group Inc. Series 21 Jan. 01, 2019 25,172 Services fulfillment, market performance 3 non-market 4 Series 22 Apr. 01, 2019 3,226 Services fulfillment, market performance 3 non-market 4 Series 23 May 27, 2019 1,436 Services fulfillment, market performance 3 non-market 4 Series 24 Jul. 17, 2019 8,195 Services fulfillment, market performance 3 non-market 4 Series 25 Jan. 01, 2020 57,367 Services fulfillment, market performance 3 non-market 4 Series 26 Mar. 18, 2020 430 Services fulfillment, market performance 3 non-market 4 Series 27 Jun. 15, 2020 187 Services fulfillment, market performance 3 non-market 4 Series 28 Nov. 21, 2020 68,135 Services fulfillment, market performance 3 non-market 5 Deferred grant 2015 7,674 Satisfied 2016 8,705 Satisfied 2017 17,983 Satisfied 2018 5,960 Satisfied 2019 24,533 Satisfied 2020 28,134 Satisfied 257,137 Kookmin Bank Series 75 Jan. 01, 2019 154,996 Services fulfillment, market performance 3 non-market 4 Series 76 Apr. 01, 2019 5,380 Services fulfillment, market performance 3 non-market 4 Series 77 May 27, 2019 4,468 Services fulfillment, market performance 3 non-market 4 Series 78 Nov. 21, 2019 36,443 Services fulfillment, market performance 3 non-market 6 Series 79 Jan. 01, 2020 241,609 Services fulfillment, market performance 3 non-market 4 Series 80 Mar. 01, 2020 7,711 Services fulfillment, market performance 3 non-market 4 Deferred grant 2015 2,759 Satisfied 2016 19,109 Satisfied 2017 47,863 Satisfied 2018 65,514 Satisfied 2019 98,194 Satisfied 684,046 Other subsidiaries Stock granted in 2010 — 106 Services fulfillment, market performance 3 non-market 4 Stock granted in 2011 — 146 Stock granted in 2012 — 420 Stock granted in 2013 — 622 Stock granted in 2014 — 1,028 Stock granted in 2015 — 3,323 Stock granted in 2016 — 9,103 Stock granted in 2017 — 36,814 Stock granted in 2018 — 120,266 Stock granted in 2019 — 331,688 Stock granted in 2020 — 268,669 772,185 1,713,368 1 Granted shares represent the total number of shares initially granted to executives and employees who have residual shares as of December 31, 2020 (Deferred grants are residual shares vested as of December 31, 2020). 2 Executives and employees were given the option of deferred payment of the granted shares (after the date of retirement), payment ratio, and payment period. Accordingly, a certain percentage of the granted amount is deferred for up to five years after the date of retirement after the deferred grant has been confirmed. 3 Relative TSR (Total Shareholders Return): [(Fair value at the end of the contract—Fair value at the beginning of the contract) + (Total amount of dividend per share paid during the contract period)] / Fair value at the beginning of the contract 4 Companies’ and individuals’ performance results 5 EPS, Asset Quality, HCROI, Profit from non-banking 6 EPS, Asset Quality Details of stock grants linked to short-term performance as of December 31, 2020, are as follows: Estimated number Vesting conditions (In number of shares) KB Financial Group Inc. Stock granted in 2015 7,524 Satisfied Stock granted in 2016 6,595 Satisfied Stock granted in 2017 7,385 Satisfied Stock granted in 2018 14,292 Satisfied Stock granted in 2019 28,030 Satisfied Stock granted in 2020 37,300 Proportional to service period Kookmin Bank Stock granted in 2015 9,887 Satisfied Stock granted in 2016 19,662 Satisfied Stock granted in 2017 30,003 Satisfied Stock granted in 2018 73,989 Satisfied Stock granted in 2019 125,530 Satisfied Stock granted in 2020 121,676 Proportional to service period Other subsidiaries Stock granted in 2015 12,191 Satisfied Stock granted in 2016 40,970 Satisfied Stock granted in 2017 149,329 Satisfied Stock granted in 2018 345,546 Satisfied Stock granted in 2019 551,667 Satisfied Stock granted in 2020 290,013 Proportional to service period 1,871,589 * Executives and employees were given the option of deferred payment of the granted shares (after the date of retirement), payment ratio, and payment period. Accordingly, a certain percentage of the granted amount is deferred for up to five years after the date of retirement after the deferred grant has been confirmed. |
Schedule Of Share Grants Measured At Fair Value [Text Block] | Stock grants are measured at fair value using the MonteCarlo Simulation Model and assumptions used in determining the fair value as of December 31, 2020, are as follows: Risk-free Fair value (market Fair value (non-market performance (in Korean won) Linked to long-term performance ( KB Financial Group Inc. Series 21 0.74 38,789~45,096 38,789~45,096 Series 22 0.74 37,324~41,899 37,324~41,899 Series 23 0.74 37,324~41,899 37,324~41,899 Series 24 0.74 38,789~45,096 38,789~45,096 Series 25 0.74 37,324~45,096 37,324~45,096 Series 26 0.74 38,789~45,096 38,789~45,096 Series 27 0.74 38,789~45,096 38,789~45,096 Series 28 0.74 30,871~34,675 34,694~38,969 Deferred grant in 2015 0.74 — 35,895~45,096 Deferred grant in 2016 0.74 — 38,789~45,096 Deferred grant in 2017 0.74 — 40,299~45,096 Deferred grant in 2018 0.74 — 38,789~45,096 Deferred grant in 2019 0.74 — 40,299~47,631 Deferred grant in 2020 0.74 — 38,969~42,065 ( Kookmin Bank Series 75 0.74 38,789~45,096 38,789~45,096 Series 76 0.74 37,324~41,899 37,324~41,899 Series 77 0.74 37,324~41,899 37,324~41,899 Series 78 0.74 36,370~40,828 37,324~41,899 Series 79 0.74 37,324~45,096 37,324~45,096 Series 80 0.74 35,895~40,299 35,895~40,299 Grant deferred in 2015 0.74 — 41,899~45,096 Grant deferred in 2016 0.74 — 38,789~45,096 Grant deferred in 2017 0.74 — 38,789~45,096 Grant deferred in 2018 0.74 — 38,789~45,096 Grant deferred in 2019 0.74 — 40,299~45,096 ( Other subsidiaries Stock granted in 2010 0.74 — 40,299~40,299 Stock granted in 2011 0.74 — 40,299~40,299 Stock granted in 2012 0.74 — 40,299~41,899 Stock granted in 2013 0.74 — 35,692~41,899 Stock granted in 2014 0.74 — 41,899~41,899 Stock granted in 2015 0.74 — 34,581~47,631 Stock granted in 2016 0.74 — 37,324~56,293 Stock granted in 2017 0.74 — 34,581~61,294 Stock granted in 2018 0.74 33,612~44,072 35,895~47,631 Stock granted in 2019 0.74 37,324~45,096 34,581~47,631 Stock granted in 2020 0.74 35,780~45,096 35,895~45,096 Risk-free Fair value (Market Fair value (Non-market performance (in Korean won) Linked to short-term performance ( KB Financial Group Inc. Stock granted in 2015 0.74 — 35,895~45,096 Stock granted in 2016 0.74 — 34,581~45,096 Stock granted in 2017 0.74 — 38,789~45,096 Stock granted in 2018 0.74 — 38,789~47,631 Stock granted in 2019 0.74 — 40,299~45,096 Stock granted in 2020 0.74 — 38,789~42,065 (Kookmin Bank) Stock granted in 2015 0.74 — 38,789~47,153 Stock granted in 2016 0.74 — 37,324~61,294 Stock granted in 2017 0.74 — 38,789~47,631 Stock granted in 2018 0.74 — 38,789~47,631 Stock granted in 2019 0.74 — 40,299~45,096 Stock granted in 2020 0.74 — 38,789~41,899 (Other subsidiaries) Stock granted in 2015 0.74 — 34,581~45,096 Stock granted in 2016 0.74 — 34,581~47,631 Stock granted in 2017 0.74 — 34,581~47,631 Stock granted in 2018 0.74 — 34,581~47,631 Stock granted in 2019 0.74 — 34,581~45,096 Stock granted in 2020 0.74 — 35,895~43,147 The Group used the volatility of the stock price over the previous year as the expected volatility, and used the arithmetic mean of the dividend rate of one year before, two years before, and three years before the base year as the dividend rate, and used one-year The accrued expenses for share-based payments related to stocks grants as of December 31, 2019 and 2020, are ₩ 124,853 million and ₩ 135,327 million, respectively, and compensation costs from stock grants amounting to ₩ 49,418 million and ₩ 48,712 million were recognized for the years ended December 31, 2019 and 2020, respectively. |
Schedule Of Details Of Mileage Stock Table Text Block [Text Block] | Details of mileage stock as of December 31, 2020, are as follows: Grant date Number of Expected exercise 2 Remaining (In number of shares) Stock granted in 2018 Jan. 10, 2018 19,197 0.00~0.02 13,522 Feb. 12, 2018 9 0.00~0.12 3 Apr. 02, 2018 115 0.00~0.25 82 Apr. 30, 2018 86 0.00~0.33 49 May 08, 2018 170 0.00~0.35 140 Jun. 01, 2018 140 0.00~0.41 106 Jul. 02, 2018 180 0.00~0.50 123 Aug. 07, 2018 194 0.00~0.60 149 Aug. 09, 2018 47 0.00~0.60 31 Aug. 14, 2018 30 0.00~0.62 26 Aug. 16, 2018 130 0.00~0.62 93 Sep. 07, 2018 106 0.00~0.68 77 Oct. 04, 2018 129 0.00~0.76 78 Nov. 01, 2018 258 0.00~0.83 200 Nov. 06, 2018 236 0.00~0.85 168 Dec. 03, 2018 132 0.00~0.92 127 Dec. 04, 2018 21 0.00~0.92 21 Dec. 07, 2018 91 0.00~0.93 78 Dec. 12, 2018 64 0.00~0.95 32 Dec. 18, 2018 271 0.00~0.96 237 Dec. 19, 2018 42 0.00~0.96 34 Dec. 31, 2018 127 0.00~1.00 106 Stock granted in 2019 Jan. 11, 2019 26,580 0.00~1.03 21,231 Feb. 01, 2019 12 0.00~1.08 8 Apr. 01, 2019 167 0.00~1.25 96 Apr. 18, 2019 105 0.00~1.29 81 Apr. 22, 2019 33 0.00~1.30 33 Jul. 01, 2019 109 0.00~1.50 87 Aug. 29, 2019 39 0.00~1.66 39 Sep. 02, 2019 50 0.00~1.67 50 Nov. 01, 2019 119 0.00~1.83 95 Nov. 08, 2019 14 0.00~1.85 14 Dec. 05, 2019 56 0.00~1.93 54 Dec. 06, 2019 84 0.00~1.93 84 Dec. 31, 2019 87 0.00~2.00 87 Stock granted in 2020 Jan. 18, 2020 28,645 0.00~2.05 27,672 May 12, 2020 46 0.00~2.36 46 Jun. 30, 2020 206 0.00~2.50 206 Aug. 26, 2020 40 0.00~2.65 40 Oct. 29, 2020 160 0.00~2.83 160 Nov. 6, 2020 45 0.00~2.85 45 Nov. 30, 2020 35 0.00~2.92 35 Dec. 2, 2020 57 0.00~2.92 57 Dec. 4, 2020 154 0.00~2.93 154 Dec. 30, 2020 88 0.00~3.00 88 78,706 65,944 1 Mileage stock is exercisable for two years after one year from the grant date. When the mileage stock is exercised, the closing price of prior month is applied. However, in case of transfer or retirement during the vesting period, mileage stock is exercisable at the closing price of the last month prior to transfer or retirement. 2 The shares are assessed based on the stock price as of December 31, 2020. These shares are vested immediately at grant date. The accrued expenses for share-based payments related to mileage stock as of December 31, 2019 and 2020, are ₩ 2,705 million and ₩ 2,862 million, respectively. The compensation costs amounting to ₩ 1,334 million and ₩ 1,086 million were recognized as expenses for the years ended December 31, 2019 and 2020, respectively. |
Schedule Of Long Term Share Based Payments [Text Block] | Details of long-term share-based payments as of December 31, 2020, are as follows: Grant date Vested shares Expected exercise period (years) Vesting condition Granted in 2020 2020 16,800 3.00 Services fulfillment long-term share-based payments are measured at fair value using the MonteCarlo Simulation Model and assumptions used in determining the fair value as of December 31, 2020, are as follows: Risk-free rate (%) Fair value (Market performance condition) Fair value (Non-market (in Korean won) Granted in 2020 0.741 — 38,789 The Group used the volatility of the stock price over the previous year as the expected volatility, and used the arithmetic mean of the dividend rate of one year before, two years before, and three years before the base year as the dividend rate, and used one-year The accrued expenses for long-term share-based payments as of December 31, 2020 are ₩ 652 million. The compensation costs amounting to ₩ 652 million were recognized as expenses for the year ended December 31, 2020. |
Non-operating Income and Expe_2
Non-operating Income and Expenses(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Non Operating Income And Expenses [Abstract] | |
Schedule Of Other Nonoperating Income Expense Table Text Block [Text Block] | Details of non-operating 2018 2019 2020 (In millions of Korean won) Non-operating Gains on disposal of property and equipment ₩ 34,238 ₩ 35,747 ₩ 111,132 Rental income 55,321 85,720 113,075 Gain on a bargain purchase — — 145,067 Gain on sales of disposal group held for sale 118,716 2,731 — Others 37,122 84,793 96,931 245,397 208,991 466,205 Non-operating Losses on disposal of property and equipment 6,131 8,587 11,945 Donation 130,249 102,711 113,083 Restoration costs 4,386 2,902 5,043 Management cost for written-off 3,338 3,382 3,018 Others 91,502 64,523 143,726 235,606 182,105 276,815 Net non-operating ₩ 9,791 ₩ 26,886 ₩ 189,390 |
Income Tax Expense(Table)
Income Tax Expense(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Major Components Of Tax Expense Income Abstract [Abstract] | |
Schedule Of Components Of Income Tax Expense Benefit Table Text Block [Text Block] | Details of income tax expense for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Tax payable Current tax expense ₩ 1,096,600 ₩ 1,043,047 ₩ 1,099,171 Adjustments of tax of prior years recognized in current tax 22,925 (51,130 ) (13,434 ) 1,119,525 991,917 1,085,737 Changes in deferred income tax assets (liabilities)* 114,345 285,820 323,032 Income tax recognized directly in equity and others Remeasurements of net defined benefit liabilities 52,377 21,172 3,792 Exchange differences on translating foreign operations (13,087 ) (5,714 ) 14,988 Net gains or losses on financial instruments at fair value through other comprehensive income (33,329 ) (13,168 ) (88,907 ) Shares of other comprehensive income or loss of associates and joint ventures 1,374 (3,147 ) 2,976 Gains or losses on cash flow hedging instruments 400 10,537 7,580 Gains or losses on hedging instruments of net investments in foreign operations 10,292 3,194 (24,500 ) Other comprehensive income or loss arising from separate account (10,864 ) (1,301 ) 3,671 Fair value changes on financial liabilities designated at fair value due to own credit risk (563 ) 4,294 (3,350 ) Net gains or losses on overlay approach adjustment (884 ) (72,817 ) (61,637 ) Consideration for exchangeable rights — — (4,526 ) 5,716 (56,950 ) (149,913 ) Others — — 495 Income tax expense ₩ 1,239,586 ₩ 1,220,787 ₩ 1,259,351 * Effect of business combination is excluded. |
Schedule Of Effective Income Tax Rate Reconciliation Table Text Block [Text Block] | Analysis of the net profit before income tax and income tax expense for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 Tax rate Amount Tax rate Amount Tax rate Amount (In millions of Korean won) Profit before tax ₩ 4,301,532 ₩ 4,533,986 ₩ 4,761,632 Tax at the applicable tax rate* 27.26 1,172,559 27.27 1,236,484 27.28 1,299,087 Non-taxable (0.28 ) (11,888 ) (0.52 ) (23,601 ) (1.55 ) (73,855 ) Non-deductible 0.64 27,551 0.42 19,086 0.35 16,541 Tax credit and tax exemption (0.01 ) (637 ) (0.01 ) (627 ) (0.08 ) (4,016 ) Temporary difference for which no deferred tax is recognized 0.29 12,260 (0.11 ) (4,860 ) 0.47 22,189 Changes in recognition and measurement of deferred tax (0.06 ) (2,692 ) — (100 ) 0.24 11,616 Income tax refund for tax of prior years (0.19 ) (8,135 ) (0.20 ) (9,105 ) (0.46 ) (22,139 ) Income tax expense of overseas branch 0.09 3,882 0.11 5,004 0.23 10,739 Effects from change in tax rate (0.03 ) (1,470 ) — — — — Others 1.12 48,156 (0.03 ) (1,494 ) (0.02 ) (811 ) Average effective tax rate and tax expense 28.82 ₩ 1,239,586 26.93 ₩ 1,220,787 26.45 ₩ 1,259,351 * Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2018, 2019 and 2020. |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss)(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Analysis Of Other Comprehensive Income By Item Abstract [Abstract] | |
Schedule Of Changes Of Accumulated Other Comprehensive Income Table Text Block [Text Block] | Changes in accumulated other comprehensive income (loss) for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Changes except for Reclassification Transfer Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (234,401 ) ₩ (76,999 ) ₩ — ₩ — ₩ 21,172 ₩ (290,228 ) Exchange differences on translating foreign operations (5,784 ) 37,938 5,353 — (5,714 ) 31,793 Net gains on financial instruments at fair value through other comprehensive income 450,694 106,984 (82,662 ) 25,483 (13,168 ) 487,331 Share of other comprehensive income (loss) of associates and joint ventures (4,377 ) 10,842 — — (3,147 ) 3,318 Gains (losses) on cash flow hedging instruments 5,849 (65,323 ) 21,604 — 10,537 (27,333 ) Losses on hedging instruments of net investments in foreign operations (33,092 ) (13,410 ) 1,316 — 3,194 (41,992 ) Other comprehensive income arising from separate account 15,017 21,029 (16,364 ) — (1,301 ) 18,381 Fair value changes on financial liabilities designated at fair value due to own credit risk (8,954 ) (15,666 ) — — 4,294 (20,326 ) Net gains (losses) on overlay approach adjustment (7,146 ) 269,643 (2,603 ) — (72,817 ) 187,077 ₩ 177,806 ₩ 275,038 ₩ (73,356 ) ₩ 25,483 ₩ (56,950 ) ₩ 348,021 2020 Beginning Changes except for Reclassification Transfer to Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (290,228 ) ₩ (13,888 ) ₩ — ₩ — ₩ 3,792 ₩ (300,324 ) Exchange differences on translating foreign operations 31,793 (177,894 ) — — 14,988 (131,113 ) Net gains on financial instruments at fair value through other comprehensive income 487,331 757,236 (112,020 ) (326,410 ) (88,907 ) 717,230 Share of other comprehensive income (loss) of associates and joint ventures 3,318 (3,923 ) (5,900 ) — 2,976 (3,529 ) Losses on cash flow hedging instruments (27,333 ) (48,034 ) 39,190 — 7,580 (28,597 ) Gains (losses) on hedging instruments of net investments in foreign operations (41,992 ) 88,769 — — (24,500 ) 22,277 Other comprehensive income arising from separate account 18,381 2,834 (16,188 ) — 3,671 8,698 Fair value changes on financial liabilities designated at fair value due to own credit risk (20,326 ) 12,169 — — (3,350 ) (11,507 ) Net gains on overlay approach adjustment 187,077 248,688 (34,926 ) — (61,637 ) 339,202 ₩ 348,021 ₩ 865,957 ₩ (129,844 ) ₩ (326,410 ) ₩ (145,387 ) ₩ 612,337 |
Earnings Per Share(Table)
Earnings Per Share(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Share Abstract [Abstract] | |
Schedule Of Weighted Average Number Of Shares Table Text Block [Text Block] | Details of weighted average number of ordinary shares outstanding for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (in number of shares) Number of Shares Accumulated Number of Shares Accumulated Number of shares Accumulated Number of issued ordinary shares 418,111,537 152,610,711,005 415,807,920 152,564,638,665 415,807,920 152,185,698,720 Number of treasury shares (22,560,240 ) (7,888,226,378 ) (26,173,585 ) (9,801,574,522 ) (26,173,585 ) (9,579,532,110 ) Average number of ordinary shares outstanding 395,551,297 144,722,484,627 389,634,335 142,763,064,143 389,634,335 142,606,166,610 Number of days 365 365 366 Weighted average number of ordinary shares outstanding 396,499,958 391,131,683 389,634,335 |
Schedule Of Earnings Per Share Basic By Common Class Text Block [Text Block] | Details of basic earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In Korean won and in number of shares) Profit attributable to shareholders of the Parent Company ₩ 3,061,191,387,929 ₩ 3,311,827,412,557 ₩ 3,455,151,501,224 Deduction: Dividends on hybrid securities — 6,512,500,000 22,859,500,000 Profit attributable to the ordinary equity holders of the Parent Company (A) 3,061,191,387,929 3,305,314,912,557 3,432,292,001,224 Weighted average number of ordinary shares outstanding (B) 396,499,958 391,131,683 389,634,335 Basic earnings per share (A/B) ₩ 7,721 ₩ 8,451 ₩ 8,809 |
Schedule Of Adjusted Profit For Diluted Earnings Per Share Table Text Block [Text Block] | Adjusted profit for diluted earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In Korean won) Profit attributable to shareholders of the Parent Company ₩ 3,061,191,387,929 ₩ 3,311,827,412,557 ₩ 3,455,151,501,224 Deduction: Dividends on hybrid securities — 6,512,500,000 22,859,500,000 Profit attributable to ordinary equity holders of the Parent Company 3,061,191,387,929 3,305,314,912,557 3,432,292,001,224 Adjustments: Interest expense on exchangeable bonds — — 798,012,332 Adjusted profit for diluted earnings per share ₩ 3,061,191,387,929 ₩ 3,305,314,912,557 ₩ 3,433,090,013,556 |
Schedule Of Adjusted Weighted Average Number Of Shares For Diluted Earnings Per Share Table Text Block [Text Block] | Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In number of shares) Weighted average number of ordinary shares outstanding 396,499,958 391,131,683 389,634,335 Adjustment: Stock grants 2,307,630 2,890,513 3,416,737 Exchangeable bonds — — 1,707,650 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 398,807,588 394,022,196 394,758,722 |
Schedule Of Earnings Per Share Diluted By Common Class Text Block [Text Block] | Details of diluted earnings per share for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In Korean won and in number of shares) Adjusted profit for diluted earnings per share ₩ 3,061,191,387,929 ₩ 3,305,314,912,557 ₩ 3,433,090,013,556 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 398,807,588 394,022,196 394,758,722 Diluted earnings per share ₩ 7,676 ₩ 8,389 ₩ 8,697 |
Insurance Contracts(Table)
Insurance Contracts(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Types Of Insurance Contracts Abstract [Abstract] | |
Disclosure of deferred acquisition costs arising from insurance contracts [text block] | Details of deferred acquisition costs included in other assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Non-life ₩ 786,626 ₩ 965,683 Life insurance 134,739 205,289 ₩ 921,365 ₩ 1,170,972 |
Schedule of changes in the deferred acquisition costs arising from insurance contracts [text block] | Changes in deferred acquisition costs included in other assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 547,831 ₩ 815,712 ₩ (576,917 ) ₩ 786,626 Life insurance 119,293 117,808 (102,362 ) 134,739 ₩ 667,124 ₩ 933,520 ₩ (679,279 ) ₩ 921,365 2020 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 786,626 ₩ 872,811 ₩ (693,754 ) ₩ 965,683 Life insurance 134,739 144,429 (73,879 ) 205,289 ₩ 921,365 ₩ 1,017,240 ₩ (767,633 ) ₩ 1,170,972 |
Disclosure of reinsurance [text block] | Details of reinsurance assets included in other assets as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won) Non-life Reserve for outstanding claims General insurance ₩ 361,065 ₩ 732,579 Automobile insurance 16,555 14,916 Long-term insurance 130,758 156,234 Unearned premium reserve General insurance 208,820 285,634 Automobile insurance 19,952 10,870 737,150 1,200,233 Life insurance Reserve for outstanding claims 1,639 2,081 Unearned premium reserve 408 951 2,047 3,032 Others Reserve for outstanding claims 2,563 2,427 Unearned premium reserve 844 895 3,407 3,322 Total reinsurance assets 742,604 1,206,587 Allowances for impairment 1,953 879 Total reinsurance assets, net ₩ 740,651 ₩ 1,205,708 |
Schedule of changes in reinsurance assets included in other assets [text block] | Changes in reinsurance assets included in other assets for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Net increase Ending (In millions of Korean won) Non-life Reserve for outstanding claims General insurance ₩ 360,997 ₩ 68 ₩ 361,065 Automobile insurance 18,057 (1,502 ) 16,555 Long-term insurance 109,751 21,007 130,758 Unearned premium reserve General insurance 171,240 37,580 208,820 Automobile insurance 30,864 (10,912 ) 19,952 690,909 46,241 737,150 Life insurance Reserve for outstanding claims 1,912 (273 ) 1,639 Unearned premium reserve 448 (40 ) 408 2,360 (313 ) 2,047 Others Reserve for outstanding claims 3,417 (854 ) 2,563 Unearned premium reserve 983 (139 ) 844 4,400 (993 ) 3,407 Total reinsurance assets 697,669 44,935 742,604 Allowance for impairment 1,916 37 1,953 Total reinsurance assets, net ₩ 695,753 ₩ 44,898 ₩ 740,651 2020 Beginning Net increase Business combination Ending (In millions of Korean won) Non-life Reserve for outstanding claims General insurance ₩ 361,065 ₩ 371,514 ₩ — ₩ 732,579 Automobile insurance 16,555 (1,639 ) — 14,916 Long-term insurance 130,758 25,476 — 156,234 Unearned premium reserve General insurance 208,820 76,814 — 285,634 Automobile insurance 19,952 (9,082 ) — 10,870 737,150 463,083 — 1,200,233 Life insurance Reserve for outstanding claims 1,639 (564 ) 1,006 2,081 Unearned premium reserve 408 (27 ) 570 951 2,047 (591 ) 1,576 3,032 Others Reserve for outstanding claims 2,563 (136 ) — 2,427 Unearned premium reserve 844 51 — 895 3,407 (85 ) — 3,322 Total reinsurance assets 742,604 462,407 1,576 1,206,587 Allowances for impairment 1,953 (1,074 ) — 879 Total reinsurance assets, net ₩ 740,651 ₩ 463,481 ₩ 1,576 ₩ 1,205,708 |
Disclosure of details of insurance liabilities [text block] | Details of insurance liabilities by insurance types as of December 31, 2019 and 2020, are as follows: December 31, 2019 Non-life insurance Life insurance Others Total (In millions of Korean won) Premium reserve ₩ 23,799,607 ₩ 6,991,247 ₩ — ₩ 30,790,854 Reserve for outstanding claims 2,297,256 101,690 2,563 2,401,509 Unearned premium reserve 1,522,827 4,603 845 1,528,275 Reserve for dividend to policyholders 117,094 29,745 — 146,839 Reserve for distribution of earnings to policyholders 46,901 4,202 — 51,103 Reserve for loss compensation on participating insurance 20,090 5,784 — 25,874 Guarantee reserve — 22,229 — 22,229 ₩ 27,803,775 ₩ 7,159,500 ₩ 3,408 ₩ 34,966,683 December 31, 2020 Non-life insurance Life insurance Others Total (In millions of Korean won) Premium reserve* ₩ 24,990,530 ₩ 23,264,955 ₩ — ₩ 48,255,485 Reserve for outstanding claims 2,885,006 252,883 2,426 3,140,315 Unearned premium reserve 1,859,367 9,450 896 1,869,713 Reserve for dividend to policyholders 129,660 41,024 — 170,684 Reserve for distribution of earnings to policyholders 51,292 5,009 — 56,301 Reserve for loss compensation on participating insurance 20,090 6,818 — 26,908 Guarantee reserve — 895,890 — 895,890 ₩ 29,935,945 ₩ 24,476,029 ₩ 3,322 ₩ 54,415,296 * Negative VOBA amounting to ₩ 2,698,010 million is included. |
Schedule of changes in insurance liabilities [text block] | Changes in insurance liabilities for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Net increase 1 Ending (In millions of Korean won) Non-life General insurance ₩ 1,054,823 ₩ 10,090 ₩ 1,064,913 Automobile insurance 1,492,294 131,552 1,623,846 Long-term insurance 23,386,279 1,619,799 25,006,078 Long-term investment contract 110,256 (1,318 ) 108,938 Life insurance Pure endowment insurance 5,233,491 2,637 5,236,128 Death insurance 500,571 142,392 642,963 Endowment insurance 1,621,460 (350,605 ) 1,270,855 Group insurance 735 (211 ) 524 Others 2 8,640 391 9,031 Others 4,400 (993 ) 3,407 ₩ 33,412,949 ₩ 1,553,734 ₩ 34,966,683 2020 Beginning Net increase 1 Business combination Ending (In millions of Korean won) Non-life insurance General insurance ₩ 1,064,913 ₩ 503,828 ₩ — ₩ 1,568,741 Automobile insurance 1,623,846 274,026 — 1,897,872 Long-term insurance 25,006,078 1,356,401 — 26,362,479 Long-term investment contract 108,938 (2,085 ) — 106,853 Life insurance Pure endowment insurance 5,236,128 318,109 2,016,112 7,570,349 Death insurance 642,963 404,456 14,658,632 15,706,051 Endowment insurance 1,270,855 (156,688 ) 74,132 1,188,299 Group insurance 524 (1,021 ) — (497 ) Others 2 9,031 (1,217 ) 4,013 11,827 Others 3,407 (85 ) — 3,322 ₩ 34,966,683 ₩ 2,695,724 ₩ 16,752,889 ₩ 54,415,296 1 Includes exchange differences effect and decrease in liabilities related to investment contract. 2 Includes reserve for distribution of earnings to policyholders and Reserve for loss compensation on participating insurance. |
Disclosure Of Assumptions And Basis For The Insurance Liability Adequacy Test [Text Block] | According to the revision of the Regulations on Supervision of Insurance Business, the criteria for the insurance liability adequacy test were changed, and the Group accounted for the change as a change in accounting policy because it provided reliable and more relevant information about current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been restated. KB Insurance Co., Ltd. Assumptions and basis for the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2019 and 2020, are as follows: Assumptions (%) Calculation basis December 31, December 31, 2020 Long-term insurance Discount rate 1.53~8.34 0.83~15.42 Calculated by applying interest rate scenario which is risk-free rate scenario adjusted by liquidity premium. This is presented by the Financial Supervisory Service Expense ratio 6.60 6.46 Calculated using future expense plan based on the most recent one-year Lapse ratio 1.51~34.13 1.48~35.44 Calculated based on the recent five-year experience statistics Risk ratio 13.1~1,037.3 11.9~1,055.2 Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics General insurance Expense ratio 11.38 10.74 Ratio of maintenance costs incurred to earned premiums by the types of contracts for the most recent one year Claim survey cost ratio 4.54 4.70 Ratio of claim survey cost to insurance claim payments by the type of contracts for the most recent three years Loss ratio 64.95 70.74 Ratio of final loss incurred to earned premiums by the type of contracts for the most recent five years Automobile insurance Expense ratio 9.94 9.00 Ratio of maintenance costs incurred to earned premiums by the types of collaterals for the most recent one year Claim survey cost ratio 8.84 8.40 Ratio of claim survey cost to insurance claim payments by the type of collaterals for the most recent three years Loss ratio 78.44 78.20 Ratio of final loss incurred to earned premiums by the type of collaterals for the most recent five years KB Life Insurance Co., Ltd. Assumptions and basis for the insurance liability adequacy test of KB Life Insurance Co., Ltd. as of December 31, 2019 and 2020, are as follows: Assumptions (%) December 31, 2019 December 31, 2020 Calculation basis Lapse ratio 0~65.39 0~65.50 Ratio of canceled premiums to premiums by product group, method of payment, channel, and elapsed period, based on the most recent five-year experience statistics Loss ratio 11~132 24~156 Ratio of number of accidents to the number of holding insurances, by collateral, gender and elapsed period, based on the most recent seven-year experience statistics Discount rate 1.04~5.79 0.98~15.33 Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread Indirect costs included in administration expenses were calculated based on unit cost of the expense allocation standards of the last year in accordance with the Detailed Regulations on Supervision of Insurance Business. Direct costs included in administration expenses were calculated based on estimates of future expense according to the Group’s internal regulations. Prudential Life Insurance Company of Korea Ltd. Assumptions and basis for the insurance liability adequacy test of Prudential Life Insurance Company of Korea Ltd. as of December 31, 2020, are as follows: Assumptions Calculation basis Lapse ratio 2~28 Ratio of canceled premiums to premiums by product group and elapsed period, based on the most recent five-year experience statistics Loss ratio 21~312 Calculated by ratio of insurance claim payments to risk premiums based on the recent five-year experience statistics Discount rate 0.85~16.27 Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread |
Disclosure Of Results Of Insurance Liability Adequacy Test [Text Block] | KB Insurance Co., Ltd. Results of the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2019 and 2020, are as follows: December 31, 2019 Recognized liabilities* Estimated adequate Shortfall (surplus) (In millions of Korean won) General insurance ₩ 365,234 ₩ 296,801 ₩ (68,433 ) Automobile insurance 1,123,450 1,071,076 (52,374 ) Long-term insurance 19,775,907 10,685,319 (9,090,588 ) ₩ 21,264,591 ₩ 12,053,196 ₩ (9,211,395 ) December 31, 2020 Recognized liabilities* Estimated adequate Shortfall (surplus) (In millions of Korean won) General insurance ₩ 461,227 ₩ 384,780 ₩ (76,447 ) Automobile insurance 1,363,104 1,279,587 (83,517 ) Long-term insurance 20,892,077 11,982,350 (8,909,727 ) ₩ 22,716,408 ₩ 13,646,717 ₩ (9,069,691 ) * Long-term insurance is for premium reserves and unearned premium reserves; the premium reserve is the amount of subtracting deferred acquisition costs and insurance contract loans from the net insurance premium reserve in accordance with Article 6-3 As a result of liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of liability adequacy test. KB Life Insurance Co., Ltd. The insurance liability adequacy test of KB Life Insurance Co., Ltd. is performed by contract types such as interest rate types and dividend types. Results of life insurance liability adequacy test as of December 31, 2019 and 2020, are as follows: December 31, 2019 Recognized liabilities Estimated adequate Shortfall (surplus) (In millions of Korean won) Fixed interest type Participating ₩ 30,514 ₩ 56,460 ₩ 25,946 Non-participating 180,058 45,166 (134,892 ) Variable interest type Participating 1,037,148 1,080,830 43,682 Non-participating 5,335,572 5,069,047 (266,525 ) Variable type (23,514 ) (133,781 ) (110,267 ) Total ₩ 6,559,778 ₩ 6,117,722 ₩ (442,056 ) December 31, 2020 Recognized liabilities Estimated adequate Shortfall (surplus) (In millions of Korean won) Fixed interest type Participating ₩ 30,447 ₩ 56,125 ₩ 25,678 Non-participating 395,766 12,952 (382,814 ) Variable interest type Participating 970,376 991,663 21,287 Non-participating 5,508,172 5,141,265 (366,907 ) Variable type (26,685 ) (124,623 ) (97,938 ) Total ₩ 6,878,076 ₩ 6,077,382 ₩ (800,694 ) As a result of liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of liability adequacy test. Prudential Life Insurance Company of Korea Ltd. The insurance liability adequacy test of Prudential Life Insurance Company of Korea Ltd. is performed by contract types such as interest rate types and dividend types. Results of life insurance liability adequacy test as of December 31, 2020, are as follows: December 31, 2020 Recognized liabilities Estimated adequate Shortfall (surplus) (In millions of Korean won) Fixed interest type Participating ₩ 75,390 ₩ 83,404 ₩ 8,014 Non-participating 11,037,531 10,534,663 (502,868 ) Variable interest type Participating — — — Non-participating 721,570 547,754 (173,816 ) Variable type 369,991 (1,220,080 ) (1,590,071 ) Total ₩ 12,204,482 ₩ 9,945,741 ₩ (2,258,741 ) As a result of liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of liability adequacy test. |
Schedule of Insurance income and expenses [text block] | Details of insurance income and expenses for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Insurance Income Premium income ₩ 10,730,227 ₩ 11,173,367 ₩ 12,872,727 Reinsurance income 873,053 850,871 823,500 Reversal of policy reserves 344 993 85 Separate account income 360,664 216,429 216,485 Income from change in reinsurance assets — 42,432 467,729 Other insurance income 10,782 33,090 6,114 11,975,070 12,317,182 14,386,640 Insurance Expenses Insurance claims paid 4,415,760 5,046,772 5,264,829 Dividend expenses 9,400 9,902 11,661 Refunds of surrender value 2,855,573 2,870,543 3,286,150 Reinsurance expenses 947,560 1,018,007 1,127,304 Provision for policy reserves 1,608,519 1,547,264 2,709,903 Separate account expenses 276,412 139,810 113,703 Administration expenses 418,646 453,016 563,085 Amortization of deferred acquisition costs 606,073 679,279 767,633 Expenses from change in reinsurance assets 89,621 314 163 Claim survey expenses paid 38,782 52,123 58,873 Other insurance expenses 218,608 200,640 183,343 11,484,954 12,017,670 14,086,647 Net insurance income ₩ 490,116 ₩ 299,512 ₩ 299,993 |
Disclosure of exposure to nonlife insurance price risk [text block] | The Group’s exposure to insurance price risk as of December 31, 2019 and 2020, as follows: December 31, 2019 Direct insurance Reinsurance assumed Reinsurance ceded Total (In millions of Korean won) General ₩ 999,348 ₩ 101,613 ₩ (579,922 ) ₩ 521,039 Automobile 2,101,780 — (40,067 ) 2,061,713 Long-term 2,550,236 — (367,904 ) 2,182,332 ₩ 5,651,364 ₩ 101,613 ₩ (987,893 ) ₩ 4,765,084 December 31, 2020 Direct insurance Reinsurance assumed Reinsurance ceded Total (In millions of Korean won) General ₩ 1,088,791 ₩ 79,429 ₩ (663,750 ) ₩ 504,470 Automobile 2,491,412 — (21,433 ) 2,469,979 Long-term 2,803,532 — (415,439 ) 2,388,093 ₩ 6,383,735 ₩ 79,429 ₩ (1,100,622 ) ₩ 5,362,542 |
Schedule Of Loss Development Tables For Non-Life Insurance [Text Block] | Claims development tables The Group uses claim development of payments and the estimated ultimate claims for the years where the accident has occurred, in order to maintain overall reserve adequacy in respect of general, automobile and long-term insurance. When the estimated ultimate claims are greater than claim payments, the Group establishes additional reserves. Claims development tables as of December 31, 2019 and 2020, are as follows: <2019> General Insurance Payment year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2015.1.1 ~ 2015.12.31 ₩ 125,162 ₩ 144,566 ₩ 147,031 ₩ 147,616 ₩ 148,995 2016.1.1 ~ 2016.12.31 145,618 167,818 171,205 178,265 — 2017.1.1 ~ 2017.12.31 168,409 200,704 204,538 — — 2018.1.1 ~ 2018.12.31 200,280 237,111 — — — 2019.1.1 ~ 2019.12.31 220,474 — — — — 859,943 750,199 522,774 325,881 148,995 Gross cumulative claim payments (B) 2015.1.1 ~ 2015.12.31 93,443 129,764 137,157 141,218 143,985 2016.1.1 ~ 2016.12.31 108,098 151,283 162,059 170,353 — 2017.1.1 ~ 2017.12.31 132,430 184,333 193,811 — — 2018.1.1 ~ 2018.12.31 153,770 216,705 — — — 2019.1.1 ~ 2019.12.31 185,832 — — — — 673,573 682,086 493,027 311,571 143,985 Difference (A-B) ₩ 186,369 ₩ 68,112 ₩ 29,747 ₩ 14,310 ₩ 5,010 Automobile Insurance Payment year Accident year After 1 year After 2 After 3 After 4 After 5 After 6 After 7 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2013.1.1 ~ 2013.12.31 ₩ 1,131,945 ₩ 1,156,535 ₩ 1,170,968 ₩ 1,179,458 ₩ 1,179,323 ₩ 1,179,514 ₩ 1,180,458 2014.1.1 ~ 2014.12.31 1,174,611 1,193,832 1,205,524 1,212,025 1,212,162 1,214,524 — 2015.1.1 ~ 2015.12.31 1,227,106 1,245,780 1,256,058 1,263,044 1,267,142 — — 2016.1.1 ~ 2016.12.31 1,276,939 1,281,381 1,287,728 1,294,735 — — — 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 — — — — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 — — — — — 2019.1.1 ~ 2019.12.31 1,591,793 — — — — — — 9,214,176 7,698,163 6,279,145 4,949,262 3,658,627 2,394,038 1,180,458 Gross cumulative claim payments (B) 2013.1.1 ~ 2013.12.31 939,569 1,114,063 1,145,110 1,161,624 1,168,617 1,175,681 1,178,158 2014.1.1 ~ 2014.12.31 969,211 1,150,462 1,180,953 1,196,387 1,204,580 1,208,421 — 2015.1.1 ~ 2015.12.31 1,020,975 1,198,241 1,228,357 1,245,779 1,254,187 — — 2016.1.1 ~ 2016.12.31 1,052,830 1,235,656 1,264,651 1,282,346 — — — 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 — — — — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 — — — — — 2019.1.1 ~ 2019.12.31 1,332,849 — — — — — — 7,644,412 7,433,630 6,155,033 4,886,136 3,627,384 2,384,102 1,178,158 Difference (A-B) ₩ 1,569,764 ₩ 264,533 ₩ 124,112 ₩ 63,126 ₩ 31,243 ₩ 9,936 ₩ 2,300 Long-term Insurance Payment year Accident year After 1 year After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2013.1.1 ~ 2013.12.31 ₩ 709,602 ₩ 965,587 ₩ 997,607 ₩ 1,003,646 ₩ 1,006,025 ₩ 1,007,041 ₩ 1,008,589 2014.1.1 ~ 2014.12.31 789,087 1,083,048 1,114,821 1,119,206 1,122,192 1,123,240 — 2015.1.1 ~ 2015.12.31 885,476 1,219,393 1,256,051 1,266,881 1,270,967 — — 2016.1.1 ~ 2016.12.31 1,064,744 1,437,573 1,485,839 1,500,403 — — — 2017.1.1 ~ 2017.12.31 1,184,224 1,614,903 1,670,929 — — — — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 — — — — — 2019.1.1 ~ 2019.12.31 1,626,481 — — — — — — 7,632,320 8,201,550 6,525,247 4,890,136 3,399,184 2,130,281 1,008,589 Gross cumulative claim payments (B) 2013.1.1 ~ 2013.12.31 671,500 953,494 989,957 999,944 1,003,715 1,005,796 1,007,865 2014.1.1 ~ 2014.12.31 744,944 1,065,792 1,104,468 1,114,341 1,119,531 1,122,378 — 2015.1.1 ~ 2015.12.31 836,471 1,205,130 1,248,475 1,262,528 1,269,557 — — 2016.1.1 ~ 2016.12.31 1,017,243 1,424,948 1,477,415 1,496,556 — — — 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 — — — — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 — — — — — 2019.1.1 ~ 2019.12.31 1,574,696 — — — — — — 7,295,335 8,117,025 6,483,293 4,873,369 3,392,803 2,128,174 1,007,865 Difference (A-B) ₩ 336,985 ₩ 84,525 ₩ 41,954 ₩ 16,767 ₩ 6,381 ₩ 2,107 ₩ 724 <2020> General Insurance Payment year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2016.1.1 ~ 2016.12.31 ₩ 145,618 ₩ 167,818 ₩ 171,206 ₩ 178,265 ₩ 180,160 2017.1.1 ~ 2017.12.31 168,409 200,699 204,368 206,201 — 2018.1.1 ~ 2018.12.31 200,968 241,474 246,871 — — 2019.1.1 ~ 2019.12.31 219,881 263,849 — — — 2020.1.1 ~ 2020.12.31 232,622 — — — — 967,498 873,840 622,445 384,466 180,160 Gross cumulative claim payments (B) 2016.1.1 ~ 2016.12.31 108,098 151,282 162,059 170,353 175,063 2017.1.1 ~ 2017.12.31 132,430 184,333 193,780 199,225 — 2018.1.1 ~ 2018.12.31 153,770 217,955 235,900 — — 2019.1.1 ~ 2019.12.31 185,645 246,397 — — — 2020.1.1 ~ 2020.12.31 167,129 — — — — 747,072 799,967 591,739 369,578 175,063 Difference (A-B) ₩ 220,426 ₩ 73,873 ₩ 30,706 ₩ 14,888 ₩ 5,097 Automobile Insurance Payment year Accident year After 1 year After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2014.1.1 ~ 2014.12.31 ₩ 1,174,611 ₩ 1,193,833 ₩ 1,205,524 ₩ 1,212,025 ₩ 1,212,162 ₩ 1,214,524 ₩ 1,217,006 2015.1.1 ~ 2015.12.31 1,227,106 1,245,780 1,256,058 1,263,044 1,267,142 1,271,001 — 2016.1.1 ~ 2016.12.31 1,276,939 1,281,381 1,287,728 1,294,735 1,299,964 — — 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 1,368,016 — — — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 1,481,509 — — — — 2019.1.1 ~ 2019.12.31 1,591,793 1,620,609 — — — — — 2020.1.1 ~ 2020.12.31 1,624,341 — — — — — — 9,706,572 8,162,238 6,589,686 5,137,820 3,779,268 2,485,525 1,217,006 Gross cumulative claim payments (B) 2014.1.1 ~ 2014.12.31 969,211 1,150,462 1,180,953 1,196,387 1,204,580 1,208,421 1,210,632 2015.1.1 ~ 2015.12.31 1,020,975 1,198,241 1,228,357 1,245,779 1,254,187 1,261,995 — 2016.1.1 ~ 2016.12.31 1,052,830 1,235,656 1,264,651 1,282,346 1,288,754 — — 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 1,350,174 — — — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 1,456,532 — — — — 2019.1.1 ~ 2019.12.31 1,332,849 1,570,194 — — — — — 2020.1.1 ~ 2020.12.31 1,353,799 — — — — — — 8,058,642 7,889,761 6,466,455 5,074,686 3,747,521 2,470,416 1,210,632 Difference (A-B) ₩ 1,647,930 ₩ 272,477 ₩ 123,231 ₩ 63,134 ₩ 31,747 ₩ 15,109 ₩ 6,374 Long-term Insurance Payment year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2014.1.1 ~ 2014.12.31 ₩ 789,088 ₩ 1,083,049 ₩ 1,114,820 ₩ 1,119,206 ₩ 1,122,191 ₩ 1,123,240 ₩ 1,124,628 2015.1.1 ~ 2015.12.31 885,476 1,219,394 1,256,051 1,266,881 1,270,967 1,273,615 — 2016.1.1 ~ 2016.12.31 1,064,744 1,437,573 1,485,839 1,500,403 1,506,889 — — 2017.1.1 ~ 2017.12.31 1,184,224 1,614,903 1,670,929 1,689,768 — — — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 1,941,497 — — — — 2019.1.1 ~ 2019.12.31 1,626,481 2,229,830 — — — — — 2020.1.1 ~ 2020.12.31 1,818,316 — — — — — — 8,741,035 9,465,795 7,469,136 5,576,258 3,900,047 2,396,855 1,124,628 Gross cumulative claim payments (B) 2014.1.1 ~ 2014.12.31 744,944 1,065,792 1,104,468 1,114,341 1,119,531 1,122,378 1,123,868 2015.1.1 ~ 2015.12.31 836,471 1,205,130 1,248,475 1,262,528 1,269,557 1,272,648 — 2016.1.1 ~ 2016.12.31 1,017,243 1,424,948 1,477,415 1,496,556 1,503,841 — — 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 1,683,997 — — — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 1,933,543 — — — — 2019.1.1 ~ 2019.12.31 1,574,696 2,211,717 — — — — — 2020.1.1 ~ 2020.12.31 1,749,647 — — — — — — 8,373,482 9,375,248 7,426,879 5,557,422 3,892,929 2,395,026 1,123,868 Difference (A-B) ₩ 367,553 ₩ 90,547 ₩ 42,257 ₩ 18,836 ₩ 7,118 ₩ 1,829 ₩ 760 |
Disclosure of sensitivity to insurance risk [text block] | KB Insurance Co., Ltd. The Group manages insurance risk by performing sensitivity analysis based on discount rate, loss ratio and expense ratio which are considered to have significant influence on future cash flow, timing and uncertainty. According to result of sensitivity analysis there is no material influence on the equity and net profit before tax. December 31, 2019 Assumption Change Effect on LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 495,287 ₩ — ₩ — ₩ — -10 % (553,013 ) — — — Loss ratio +10 % 4,576,415 — — — -10 % (4,576,415 ) — — — Expense ratio +10 % 342,587 — — — -10 % (342,587 ) — — — Discount rate +0.5 %p (1,521,385 ) — — — -0.5 %p 1,800,472 — — — December 31, 2020 Assumption change Effect on LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 568,734 ₩ — ₩ — ₩ — -10 % (633,788 ) — — — Loss ratio +10 % 5,012,443 — — — -10 % (5,012,443 ) — — — Expense ratio +10 % 345,752 — — — -10 % (345,752 ) — — — Discount rate +0.5 %p (1,499,565 ) — — — -0.5 %p 1,726,707 — — — KB Life Insurance Co., Ltd. December 31, 2019 Assumption change Effect on LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 47,615 ₩ — ₩ — ₩ — -10 % (52,877 ) — — — Claim ratio +10 % 22,675 — — — -10 % (23,308 ) — — — Expense ratio +10 % 32,068 — — — -10 % (32,068 ) — — — Discount rate +0.5 %p (388,848 ) — — — -0.5 %p 441,585 — — — December 31, 2020 Assumption change Effect on LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 68,714 ₩ — ₩ — ₩ — -10 % (76,265 ) — — — Claim ratio +10 % 30,594 — — — -10 % (31,600 ) — — — Expense ratio +10 % 33,020 — — — -10 % (33,020 ) — — — Discount rate +0.5 %p (424,309 ) — — — -0.5 %p 477,556 — — — Prudential Life Insurance Company of Korea Ltd. December 31, 2020 Assumption change Effect on LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 167,536 ₩ — ₩ — ₩ — -10 % (182,654 ) — — — Claim ratio +10 % 644,798 — — — -10 % (665,990 ) — — — Expense ratio +10 % 135,587 — — — -10 % (135,587 ) — — — Discount rate +0.5 %p (1,245,727 ) — — — -0.5 %p 1,426,726 — — — |
Schedule of maturity structure of premium reserve related to liquidity risk [text block] | KB Insurance Co., Ltd. Premium reserve’s maturity structure as of December 31, 2019 and 2020, as follows: December 31, 2019* Up to 1 year 1~5 years 5~10 Years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating Fixed interest type ₩ 57,532 ₩ 258,436 ₩ 84,349 ₩ 43,141 ₩ 125,622 ₩ 569,080 Variable interest type 527,467 2,578,004 2,085,054 777,340 13,336,668 19,304,533 584,999 2,836,440 2,169,403 820,481 13,462,290 19,873,613 Annuity Fixed interest type 10 543 2,244 3,714 1,075 7,586 Variable interest type 273 70,180 367,710 1,245,176 2,227,054 3,910,393 283 70,723 369,954 1,248,890 2,228,129 3,917,979 Asset-linked Variable interest type 27,389 — — — — 27,389 Total Fixed interest type 57,542 258,979 86,593 46,855 126,697 576,666 Variable interest type 555,129 2,648,184 2,452,764 2,022,516 15,563,722 23,242,315 ₩ 612,671 ₩ 2,907,163 ₩ 2,539,357 ₩ 2,069,371 ₩ 15,690,419 ₩ 23,818,981 December 31, 2020* Up to 1 year 1~5 years 5~10 years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating Fixed interest type ₩ 70,782 ₩ 191,570 ₩ 78,092 ₩ 51,216 ₩ 175,387 ₩ 567,047 Variable interest type 663,210 2,304,298 1,937,621 845,404 14,716,753 20,467,286 733,992 2,495,868 2,015,713 896,620 14,892,140 21,034,333 Annuity Fixed interest type 5 717 2,203 3,817 738 7,480 Variable interest type 242 83,568 390,516 1,301,383 2,195,244 3,970,953 247 84,285 392,719 1,305,200 2,195,982 3,978,433 Asset-linked Variable interest type — — — — — — Total Fixed interest type 70,787 192,287 80,295 55,033 176,125 574,527 Variable interest type 663,452 2,387,866 2,328,137 2,146,787 16,911,997 24,438,239 ₩ 734,239 ₩ 2,580,153 ₩ 2,408,432 ₩ 2,201,820 ₩ 17,088,122 ₩ 25,012,766 * Includes long-term investment contract amounting to ₩ 108,938 million and ₩ 106,853 million, as of December 31, 2019 and 2020, respectively. KB Life Insurance Co., Ltd. December 31, 2019 Up to 3 years 3-5 5-10 years 10-15 15-20 Over 20 years Total (In millions of Korean won) Premium reserve ₩ 984,945 ₩ 280,733 ₩ 665,241 ₩ 525,699 ₩ 345,664 ₩ 4,188,965 ₩ 6,991,247 December 31, 2020 Up to 3 years 3-5 5-10 10-15 15-20 Over 20 years Total (In millions of Korean won) Premium reserve ₩ 739,485 ₩ 350,639 ₩ 605,931 ₩ 412,563 ₩ 451,074 ₩ 4,770,046 ₩ 7,329,738 Prudential Life Insurance Company of Korea Ltd. December 31, 2020 Up to 3 years 3-5 5-10 years 10-15 15-20 Over Total (In millions of Korean won) Premium reserve ₩ 48,807 ₩ 37,502 ₩ 139,973 ₩ 215,470 ₩ 418,684 ₩ 12,376,772 ₩ 13,237,208 |
Disclosure of credit risk of insurance contracts [Text Block] | KB Insurance Co., Ltd. As of December 31, 2020, there are 168 reinsurance companies that deal with the Group, and the top three reinsurance companies’ concentration and credit ratings are as follows: Reinsurance company Ratio Credit rating KOREAN RE 48.02 % AA MUNICH RE 3.94 % AAA ALLIANZGLOBAL 3.85 % AAA Exposures to credit risk related to reinsurance as of December 31, 2019 and 2020 as follows: December 31, December 31, (In millions of Korean won) Reinsurance assets 1 ₩ 735,196 ₩ 1,199,354 Receivables from reinsurers 2 328,177 252,064 ₩ 1,063,373 ₩ 1,451,418 1 Net carrying amounts after impairment loss 2 Net carrying amounts after allowance for credit losses |
Disclosure of exposure to interest rate risk of insurance contract [text block] | KB Insurance Co., Ltd. The interest rate risk exposure from the Group’s insurance contracts is the risk of unexpected losses in net interest income or net assets arising from changes in interest rates and it is managed to minimize unexpected loss. For long-term, non-life Exposure to interest rate risk December 31, 2019 December 31, 2020 (In millions of Korean won) Interest bearing liabilities Fixed interest rate type ₩ 534,236 ₩ 501,147 Variable interest rate type 21,911,393 23,213,667 ₩ 22,445,629 ₩ 23,714,814 Interest bearing assets Due from financial institutions measured at amortized cost and cash equivalents ₩ 108,559 ₩ 160,249 Financial assets at fair value through profit or loss 4,560,512 3,823,603 Financial assets at fair value through other comprehensive income 2,984,738 3,983,567 Securities measured at amortized cost 8,163,485 8,700,196 Loans measured at amortized cost 6,924,597 6,271,484 ₩ 22,741,891 ₩ 22,939,099 |
Disclosure of maximum exposures to life insurance price risk [text block] | KB Life Insurance Co., Ltd. Maximum exposures to insurance price risk as of December 31, 2019 and 2020, are as follows: December 31, 2019 Before reinsurance After reinsurance (In millions of Korean won) Death ₩ 12,882 ₩ 9,033 Disability 754 424 Hospitalization 1,260 642 Operation and diagnosis 4,419 2,211 Actual medical expense 1,053 396 Others 1,066 411 ₩ 21,434 ₩ 13,117 December 31, 2020 Before reinsurance After reinsurance (In millions of Korean won) Death ₩ 13,509 ₩ 10,409 Disability 672 349 Hospitalization 1,213 787 Operation and diagnosis 4,809 1,783 Actual medical expense 1,095 23 Others 1,045 474 ₩ 22,343 ₩ 13,825 Prudential Life Insurance Company of Korea Ltd. Maximum exposures to insurance price risk as of December 31, 2020, are as follows: December 31, 2020 Before reinsurance After reinsurance (In millions of Korean won) Death ₩ 244,975 ₩ 240,121 Disability 10,485 9,964 Hospitalization 33,321 33,321 Operation and diagnosis 77,820 76,530 ₩ 366,601 ₩ 359,936 |
Disclosure of exposure of market risk arising from embedded derivatives included in host insurance contracts [text block] | KB Life Insurance Co., Ltd. Exposure of market risk arising from embedded derivatives included in host insurance contracts as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 Policyholders’ reserve* Guarantee Policyholders’ reserve* Guarantee (In millions of Korean won) Variable annuity ₩ 429,970 ₩ 2,565 ₩ 490,551 ₩ 2,782 Variable universal 91,988 3,095 90,337 2,515 Variable saving 734,661 516 720,197 504 ₩ 1,256,619 ₩ 6,176 ₩ 1,301,085 ₩ 5,801 * Excludes the amount of the lapsed reserve. Prudential Life Insurance Company of Korea Ltd. Exposures of market risk arising from embedded derivatives included in host insurance contracts as of December 31, 2020, are as follows: December 31, 2020 Policyholders’ reserve* Guarantee reserve (In millions of Korean won) Variable whole life ₩ 241,955 ₩ 112,620 Variable annuity 2,487,715 30,306 Variable universal (protection) 1,544,241 718,783 Variable universal (savings) 446,686 448 ₩ 4,720,597 ₩ 862,157 * Excludes the amount of the lapsed reserve. |
Schedule of premium reserves and unearned premium reserves classified based on each residual maturity [text block] | KB Life Insurance Co., Ltd. Maturity structure of premium reserve as of December 31, 2019 and 2020, as follows: December 31, 2019 Up to 3 years 3-5 5-10 years 10-15 15-20 Over 20 years Total (In millions of Korean won) Premium reserve ₩ 984,945 ₩ 280,733 ₩ 665,241 ₩ 525,699 ₩ 345,664 ₩ 4,188,965 ₩ 6,991,247 December 31, 2020 Up to 3 years 3-5 5-10 10-15 15-20 Over 20 years Total (In millions of Korean won) Premium reserve ₩ 739,485 ₩ 350,639 ₩ 605,931 ₩ 412,563 ₩ 451,074 ₩ 4,770,046 ₩ 7,329,738 Prudential Life Insurance Company of Korea Ltd. December 31, 2020 Up to 3 years 3-5 5-10 years 10-15 15-20 Over Total (In millions of Korean won) Premium reserve ₩ 48,807 ₩ 37,502 ₩ 139,973 ₩ 215,470 ₩ 418,684 ₩ 12,376,772 ₩ 13,237,208 |
Disclosure of financial assets to which overlay approach is applied [Text Block] | Details of financial assets with the overlay approach applied as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Financial assets at fair value through profit or loss Due from financial institutions ₩ 166,891 ₩ 70,312 Debt securities 7,955,286 7,363,457 Equity securities 52,250 305,337 ₩ 8,174,427 ₩ 7,739,106 |
Disclosure Of Changes Of Net Gains (Losses) On Overlay Adjustment [Text Block] | Changes in net gains (losses) on overlay adjustment for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 (In millions of Korean won) Beginning ₩ (7,146 ) ₩ 187,077 Recognition of other comprehensive income due to acquisition and valuation 196,110 177,500 Reclassification to profit or loss due to disposal (1,887 ) (25,375 ) Ending ₩ 187,077 ₩ 339,202 |
Statement of Cash Flows(Table)
Statement of Cash Flows(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Statement Of Cash Flows Abstract [Abstract] | |
Disclosure Of Cash And Cash Equivalents Explanatory | Details of cash and cash equivalents as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Cash ₩ 2,311,418 ₩ 2,560,970 Checks with other banks 383,500 327,781 Due from the Bank of Korea 8,607,911 12,340,532 Due from other financial institutions 9,535,049 10,379,559 20,837,878 25,608,842 Due from financial institutions measured at fair value through profit or loss 216,367 100,094 21,054,245 25,708,936 Restricted due from financial institutions (13,372,966 ) (15,303,363 ) Due from financial institutions with original maturities over three months (1,557,554 ) (1,720,481 ) (14,930,520 ) (17,023,844 ) ₩ 6,123,725 ₩ 8,685,092 |
Schedule Of Other Significant Noncash Transactions Text Block [Text Block] | Significant non-cash 2018 2019 2020 (In millions of Korean won) Decrease in loans due to write-offs ₩ 1,079,435 ₩ 1,188,584 ₩ 1,283,071 Changes in financial investments due to debt-for-equity 22,286 104,815 13,820 Changes in accumulated other comprehensive income from valuation of financial instruments at fair value through other comprehensive income 119,182 35,490 496,159 Changes in accumulated other comprehensive income from valuation of investments in associates (3,733 ) 7,695 (6,978 ) Changes in other payables due to treasury stock trust agreement, etc. 6,678 — — |
Schedule Of Cash Flow Supplemental Disclosures Table Text Block [Text Block] | Cash inflows and outflows from income tax, interests and dividends for the years ended December 31, 2018, 2019 and 2020, are as follows: Activity 2018 2019 2020 (In millions of Korean won) Income tax paid Operating ₩ 759,013 ₩ 1,223,084 ₩ 1,119,252 Interest received Operating 13,958,806 14,936,705 14,986,532 Interest paid Operating 4,369,345 5,365,595 5,266,158 Dividends received Operating 235,243 185,846 187,699 Dividends paid Financing 766,728 766,249 883,952 |
Disclosure of reconciliation of liabilities arising from financing activities [text block] | Changes in liabilities arising from financing activities for the years ended December 31, 2019 and 2020, are as follows: 2019 Non-cash Beginning Net cash Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging* ₩ 8,049 ₩ (28,631 ) ₩ — ₩ — ₩ 139,771 ₩ — ₩ 67,912 ₩ 187,101 Borrowings 86,283,531 2,537,391 — 397,571 67,297 (602,388 ) 71,041 88,754,443 Due to trust accounts 5,285,108 (68,648 ) — — — — — 5,216,460 Changes in non-controlling 9,110 574,580 — 345 — — 1,372 585,407 Others 167,128 (95,723 ) 766,259 35,591 — — (4,699 ) 868,556 ₩ 91,752,926 ₩ 2,918,969 ₩ 766,259 ₩ 433,507 ₩ 207,068 ₩ (602,388 ) ₩ 135,626 ₩ 95,611,967 2020 Non-cash Beginning Net cash Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging* ₩ 187,101 ₩ (16,202 ) ₩ — ₩ (102,347 ) ₩ 10,553 ₩ 1,166 ₩ (137,467 ) ₩ (57,196 ) Borrowings 88,754,443 22,627,875 — (217,461 ) (591,619 ) 2,131,517 (116,912 ) 112,587,843 Due to trust accounts 5,216,460 2,326,495 — — — — — 7,542,955 Changes in non-controlling 585,407 (25,658 ) — 250,904 — — 47,130 857,783 Others 868,556 (63,065 ) 236,860 11 — — (23,287 ) 1,019,075 ₩ 95,611,967 ₩ 24,849,445 ₩ 236,860 ₩ (68,893 ) ₩ (581,066 ) ₩ 2,132,683 ₩ (230,536 ) ₩ 121,950,460 * Derivatives held for hedging purposes are the net amount after offsetting liabilities from assets. |
Contingent Liabilities And Co_2
Contingent Liabilities And Commitments(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Contingent Liabilities Abstract [Abstract] | |
Schedule Of Guarantee Obligations Text Block [Text Block] | Details of acceptances and guarantees as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Confirmed acceptances and guarantees Confirmed acceptances and guarantees in Korean won Acceptances and guarantees for KB purchasing loan ₩ 161,314 ₩ 144,457 Others 746,823 1,048,848 908,137 1,193,305 Confirmed acceptances and guarantees in foreign currencies Acceptances of letter of credit 155,151 221,422 Letter of guarantees 49,754 45,693 Bid bond 37,765 72,037 Performance bond 718,097 703,826 Refund guarantees 1,022,646 801,445 Others 2,935,939 3,072,099 4,919,352 4,916,522 Financial guarantees Acceptances and guarantees for issuance of debenture — 10,040 Acceptances and guarantees for mortgage 47,384 89,302 Overseas debt guarantees 406,680 410,470 International financing guarantees in foreign currencies 231,685 197,097 Others 230,000 50,950 915,749 757,859 6,743,238 6,867,686 Unconfirmed acceptances and guarantees Guarantees of letter of credit 1,845,508 2,094,989 Refund guarantees 654,497 344,112 2,500,005 2,439,101 ₩ 9,243,243 ₩ 9,306,787 |
Disclosure Of Credit Risk Exposure Of Payment Gurantees Explanatory Text Block [Text Block] | Credit qualities of acceptances and guarantees exposure as of December 31, 2019 and 2020, are as follows: December 31, 2019 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 4,220,046 ₩ 696 ₩ — ₩ 4,220,742 Grade 2 2,105,637 38,271 — 2,143,908 Grade 3 93,074 81,317 — 174,391 Grade 4 18,773 172,440 — 191,213 Grade 5 — 2,873 10,111 12,984 6,437,530 295,597 10,111 6,743,238 Unconfirmed acceptances and guarantees Grade 1 1,228,258 1,289 — 1,229,547 Grade 2 1,121,159 32,413 — 1,153,572 Grade 3 17,091 20,957 — 38,048 Grade 4 4,236 62,964 — 67,200 Grade 5 — 170 11,468 11,638 2,370,744 117,793 11,468 2,500,005 ₩ 8,808,274 ₩ 413,390 ₩ 21,579 ₩ 9,243,243 December 31, 2020 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 4,377,798 ₩ 1,119 ₩ — ₩ 4,378,917 Grade 2 2,269,455 47,438 — 2,316,893 Grade 3 27,588 85,321 — 112,909 Grade 4 14,925 33,440 501 48,866 Grade 5 — 453 9,648 10,101 6,689,766 167,771 10,149 6,867,686 Unconfirmed acceptances and guarantees Grade 1 1,422,528 771 — 1,423,299 Grade 2 912,209 28,506 — 940,715 Grade 3 11,399 23,069 — 34,468 Grade 4 2,369 29,934 — 32,303 Grade 5 — 589 7,727 8,316 2,348,505 82,869 7,727 2,439,101 ₩ 9,038,271 ₩ 250,640 ₩ 17,876 ₩ 9,306,787 |
Schedule Of Acceptance And Guarantees By Counterparty Table Text Block [Text Block] | Acceptances and guarantees by counterparty as of December 31, 2019 and 2020, are as follows: December 31, 2019 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 5,962,004 ₩ 1,904,346 ₩ 7,866,350 85.10 Small and medium-sized 650,612 397,539 1,048,151 11.34 Public sector and others 130,622 198,120 328,742 3.56 ₩ 6,743,238 ₩ 2,500,005 ₩ 9,243,243 100.00 December 31, 2020 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 5,538,003 ₩ 1,770,235 ₩ 7,308,238 78.53 Small and medium-sized 695,860 459,487 1,155,347 12.41 Public sector and others 633,823 209,379 843,202 9.06 ₩ 6,867,686 ₩ 2,439,101 ₩ 9,306,787 100.00 |
Schedule Of Acceptance And Guarantees By Industry Table Text Block [Text Block] | Acceptances and guarantees by industry as of December 31, 2019 and 2020, are as follows: December 31, 2019 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 260,974 ₩ 23,999 ₩ 284,973 3.08 Manufacturing 3,373,220 1,627,840 5,001,060 54.11 Service 1,187,516 88,158 1,275,674 13.80 Wholesale and retail 1,126,976 597,998 1,724,974 18.66 Construction 467,114 20,590 487,704 5.28 Public sector 107,481 81,895 189,376 2.05 Others 219,957 59,525 279,482 3.02 ₩ 6,743,238 ₩ 2,500,005 ₩ 9,243,243 100.00 December 31, 2020 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 632,947 ₩ 5,871 ₩ 638,818 6.86 Manufacturing 2,992,319 1,285,530 4,277,849 45.96 Service 920,352 89,457 1,009,809 10.85 Wholesale and retail 1,086,772 891,619 1,978,391 21.26 Construction 411,601 14,488 426,089 4.58 Public sector 104,925 103,285 208,210 2.24 Others 718,770 48,851 767,621 8.25 ₩ 6,867,686 ₩ 2,439,101 ₩ 9,306,787 100.00 |
Disclosure Of Commitments Explanatory | Details of commitments as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Commitments Corporate loan commitments ₩ 41,930,407 ₩ 40,253,100 Retail loan commitments 42,582,736 46,450,857 Credit line of credit cards 60,667,219 65,325,863 Purchase of other securities 6,617,253 7,104,163 151,797,615 159,133,983 Financial Guarantees Credit line 2,340,141 3,522,809 Purchase of securities 591,500 683,800 2,931,641 4,206,609 ₩ 154,729,256 ₩ 163,340,592 |
Details Of Major Pending Lawsuits [TextBlock] | a) The Group has 122 pending lawsuits as a plaintiff (excluding simple lawsuits related to the collection or management of loans), with an aggregate claims of ₩ 396,881 million, and 275 pending lawsuits as a defendant (excluding simple lawsuits related to the collection or management of loans) with an aggregate claims of ₩ 2,009,603 million, which arose in the normal course of the business, as of December 31, 2020. Details of major pending lawsuits in which the Group is a defendant are as follows: (in number of cases, in millions of Korean won) Company Lawsuits No. of Amount Description of the lawsuits Status of the lawsuits Kookmin Bank Request for a return of redemption amount 1 ₩ 48,068 Kookmin Bank invested the assets entrusted by OO Asset Management and OO Investment Trust Management in the Fairfield Sentry Limited, and Fairfield Sentry Limited reinvested the assets in Bernard L. Madoff Investment Securities LLC managed by Bernard Madoff (Bernard L. Madoff Investment Securities LLC is in the liquidation process due to Ponzi scheme fraud-related losses). Bankruptcy trustee of Bernard L. Madoff Investment Securities LLC filed a lawsuit against Kookmin Bank seeking to return the amount of redemptions received by Kookmin Bank through Fairfield Sentry Limited. Application for incineration by the defendant has been denied, and further proceedings are scheduled. [Related litigation is in progress at the New York Southern District Bankruptcy Court (10-03777) Kookmin Bank Request for compensation for damages 1 1,629,557 The plaintiff filed a lawsuit for compensation for damages against Indonesian Financial Supervisory Authority (OJK) and Kookmin Bank as joint defendants, claiming that the capital increase and Kookmin Bank’s acquisition of PT Bank Bukopin TBK was illegal in violation of local laws and regulations in Indonesia. It is difficult to accurately predict the result of the lawsuit as of now because the complaint has not been received, but it is judged that the possibility that the result of this lawsuit will have a significant impact on the financial position of Kookmin Bank is low. KB Securities Co., Ltd. Request for a return of transaction amount (Australian fund) 1 100,000 The plaintiffs OOOO Securities and OOOO Life Insurance filed lawsuits, claiming that the KB Securities Co., Ltd. provided false information on major matters in the product description while selling JB Australia NDIS Private Fund No.1 (on April 25, 2019, plaintiffs invested ₩ 50 billion each) (a) (Primary claim) requesting KB Securities Co., Ltd. to return unjust enrichment of ₩ 100 billion for cancelation of sales contracts of beneficiary certificates due to an error or termination of the contract due to default, (b) (Secondary claim) requesting for compensation for damages in investments amounting to ₩ 100 billion due to violation of the investor protection obligation and fraudulent transactions of KB Securities Co., Ltd. and OOO Asset Management. First trial is in progress (second hearing for the first trial is scheduled on April 2, 2021). b) On April 10, 2020, Kookmin Bank acquired 70% shares of PRASAC Microfinance Institution Plc. (“PRASAC”), a specialized credit micro finance institution in Cambodia, for US$ 603 million from its existing shareholders. Kookmin Bank has signed an agreement with the existing shareholders of PRASAC. The existing shareholders have the right of put option to sell 30% of the remaining shares to Kookmin Bank, and they are entitled to exercise their rights at the exercise price calculated on the basis of the adjusted book value of net asset as of 2021 year-end, c) Kookmin Bank has entered into an agreement with PT Bosowa Corporindo, a major shareholder of PT Bank Bukopin TBK. Under this agreement, Kookmin Bank and PT Bosowa Corporindo have a right of first refusal and a tag-along d) In June 2013, KB Kookmin Card Co., Ltd. had an accident in which cardholders’ personal information was stolen (hereinafter referred to as “accident”) due to illegal activities by employees of personal credit information company in charge of development of the system upgrading to prevent fraudulent use of credit card. As a result, KB Kookmin Card Co., Ltd. was notified by the Financial Services Commission of the suspension of some new business for 3 months as of February 16, 2014. In respect of the incident, the Group faces 11 and 2 legal claims filed as a defendant, with an aggregate claim of ₩ 444 million and ₩ 108 million as of December 31, 2019 and 2020 and a provision for these lawsuits amounting ₩ 2,549 million was recognized as of December 31, 2019. In addition, the Group takes out the personal information protection liability insurance as of December 31, 2020. e) As of December 31, 2020, the Group is not able to dispose, transfer or collateralize the shares or rights of shares of KB KOLAO Leasing Co., LTD. (“joint-venture lease company”) to a third party without the written consent of both KB Kookmin Card Co., Ltd. and Kolao Holdings, for five years (the restriction period for the disposal of its equity) after the date of initial investment for KB KOLAO LEASING CO., LTD. However, KB Kookmin Card Co., Ltd. and KB Capital Co., Ltd. may transfer all or part of their shares in the joint-venture lease company to affiliates who agree to comply with all the terms and conditions of this agreement on the establishment and operation of the joint-venture lease company in Laos and agree to succeed their responsibility for the joint-venture lease company. After the expiration of the restriction period for the disposal, as prescribed separately, each party of the joint-venture lease company may transfer all or part of their shares. Meanwhile, KB KOLAO Leasing Co., LTD. is selling LVMC Holdings (formerly Kolao Holdings) allied receivables that are more than three months overdue to Lanexang Leasing Co., Ltd. in accordance with an agreement. f) As of December 31, 2020, KB Capital Co., Ltd. and PT Sunindo Primasura are required to hold the shares of PT Sunindo Kookmin Best Finance for five years after the completion of the share purchase. If one party is going to sell all or part of the shares, provide them as collateral, trade or dispose of them, it should give the opportunity to exercise preemption to the other party by providing written proposal including transfer price, payment method and others. Meanwhile, the shareholders of PT Sunindo Kookmin Best Finance can receive dividends for up to 20% of net profit after taxes for each fiscal year starting from the fiscal year ended December 31, 2023. g) KB Securities Co., Ltd., as a sales agency, sold ₩ 326,500 million of private equity funds and trusts, which loans to corporations (borrower) that invest in apartment rental businesses for the disabled in Australia, to individuals and institutional investors. However, management of the fund is impossible due to the breach of contract by local borrower in Australia, therefore there is a possibility of losses of principal to these funds subscribers. In this regard, there are three lawsuits in which the Group is the defendant as of December 31, 2020. There is a possibility that additional lawsuits will be filed in the future, but the magnitude and final outcome of the lawsuit are unpredictable. h) In relation to Lime Asset Management, KB Securities Co., Ltd. has a PIS (Portfolio Index Swap) contract, as of December 31, 2020, associated with ‘Lime Thetis Qualified Investor Private Investment Trust No.2’ and Lime Pluto FI Qualified Investor Private Investment Trust No.D-1’ i) The proliferation of COVID-19 • There is a possibility of uncertainty about the credit risk of a borrower that could be affected by COVID-19. • Uncertainty may arise about forward-looking macroeconomic information related to expected credit losses. • Korean won may depreciate against major foreign currencies. This may result in an increase in principal and interest payments on liabilities denominated in foreign currencies, and losses on foreign exchanges transactions. • A significant decrease in the fair value of the Group’s investment in an entity that could be affected by COVID-19 Meanwhile, the Group’s accounting policy related to COVID-19 |
Subsidiaries(Table)
Subsidiaries(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Significant Investments In Subsidiaries Abstract [Abstract] | |
Disclosure Of Interests In Subsidiaries Explanatory | Details of major consolidated subsidiaries as of December 31, 2020, are as follows: Investor Investee Ownership Location Date of Industry KB Financial Group Inc. Kookmin Bank 100.00 Korea Dec. 31 Banking and foreign exchange transaction KB Securities Co., Ltd. 100.00 Korea Dec. 31 Financial investment KB Insurance Co., Ltd. 100.00 Korea Dec. 31 Non-life KB Kookmin Card Co., Ltd. 100.00 Korea Dec. 31 Credit card and installment financing Prudential Life Insurance Company of Korea Ltd. 100.00 Korea Dec. 31 Life insurance KB Asset Management Co., Ltd. 100.00 Korea Dec. 31 Collective investment and advisory KB Capital Co., Ltd. 100.00 Korea Dec. 31 Financial Leasing KB Life Insurance Co., Ltd. 100.00 Korea Dec. 31 Life insurance KB Real Estate Trust Co., Ltd. 100.00 Korea Dec. 31 Real estate trust management KB Savings Bank Co., Ltd. 100.00 Korea Dec. 31 Savings banking KB Investment Co., Ltd. 100.00 Korea Dec. 31 Capital investment KB Data System Co., Ltd. 100.00 Korea Dec. 31 Software advisory, development, and supply KB Credit Information Co., Ltd. 100.00 Korea Dec. 31 Collection of receivables or credit investigation Kookmin Bank Kookmin Bank Cambodia Plc. 100.00 Cambodia Dec. 31 Banking and foreign exchange transaction Kookmin Bank (China) Ltd. 100.00 China Dec. 31 Banking and foreign exchange transaction KB Microfinance Myanmar Co., Ltd. 100.00 Myanmar Dec. 31 Microfinance services PRASAC Microfinance Institution Plc. 70.00 Cambodia Dec. 31 Microfinance services PT Bank Bukopin TBK 67.00 Indonesia Dec. 31 Banking and foreign exchange transaction PT Bank Syariah Bukopin 92.78 Indonesia Dec. 31 Banking PT Bukopin Finance 97.03 Indonesia Dec. 31 Installment financing KB Bank Myanmar Co., Ltd. 100.00 Myanmar Dec. 31 Banking and foreign exchange transaction KB Securities Co., Ltd. KBFG Securities America Inc. 100.00 United States Dec. 31 Investment advisory and securities dealing activities KB Securities Hong Kong Ltd. 100.00 China Dec. 31 Investment advisory and securities dealing activities KB Securities Vietnam Joint Stock Company 99.70 Vietnam Dec. 31 Investment advisory and securities dealing activities KB FINA Joint Stock Company 100.00 Vietnam Dec. 31 Investment advisory and securities dealing activities KB Insurance Co., Ltd. Leading Insurance Services, Inc. 100.00 United States Dec. 31 Management service LIG Insurance (China) Co., Ltd. 100.00 China Dec. 31 Non-life PT. KB Insurance Indonesia 70.00 Indonesia Dec. 31 Non-life KB Claims Survey & Adjusting 100.00 Korea Dec. 31 Claim service KB Sonbo CNS 100.00 Korea Dec. 31 Management service KB Golden Life Care Co., Ltd. 100.00 Korea Dec. 31 Service KB Kookmin Card Co., Ltd. KB Daehan Specialized Bank Plc. 95.71 Cambodia Dec. 31 Auto Installment finance PT. KB Finansia Multi Finance 80.00 Indonesia Dec. 31 Auto Installment finance KB Capital Co., Ltd. PT Sunindo Kookmin Best Finance 85.00 Indonesia Dec. 31 Auto Installment finance KB Kookmin Card Co., Ltd., KB Capital Co., Ltd. KB KOLAO LEASING CO., LTD. 80.00 Laos Dec. 31 Auto Installment finance KB Asset Management Co., Ltd. KBAM Shanghai Advisory Services Co., Ltd. 100.00 China Dec. 31 General advisory Details of consolidated structured entities as of December 31, 2020, are as follows: Consolidated structured entities Reasons for consolidation Trusts Kookmin Bank (development trust) and 10 others The Group controls the trust because it has power to determine management performance of the trust and is significantly exposed to variable returns that absorb losses through the guarantees of payment of principal, or payment of principal and fixed rate of return. Asset-backed securitization Able Hana Co., Ltd. and 127 others The Group controls these investees because it has power over relevant activities in the event of default, is significantly exposed to variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt and has ability to affect those returns through its power. Investment funds KB Global Platform Fund and 151 others Funds are consolidated if the Group, as a collective investor or operating manager (member), etc., can manage fund assets on behalf of other investors, or dismiss the collective investor and operating manager, and is substantially exposed to significant variable returns or has such rights. If the Group holds more than a majority of the ownership interests but does not have the power over relevant activities of structured entities in accordance with agreements with trust and other related parties, those structured entities are excluded from the consolidation. |
Schedule Of Condensed Financial Information Of Subsidiaries Table Text Block [Text Block] | Condensed financial information of major subsidiaries as of December 31, 2019 and 2020, and for the years ended December 31, 2019 and 2020, are as follows: December 31, 2019 2019 Assets Liabilities Equity Operating Profit (loss) Total (In millions of Korean won) Kookmin Bank 1 ₩ 387,425,038 ₩ 358,420,805 ₩ 29,004,233 ₩ 20,817,431 ₩ 2,439,079 ₩ 2,428,154 KB Securities Co., Ltd. 1,2 47,816,512 43,131,858 4,684,654 8,053,363 257,893 261,639 KB Insurance Co., Ltd. 1,2 36,552,368 32,689,460 3,862,908 12,661,927 234,327 366,362 KB Kookmin Card Co., Ltd. 1 22,990,114 18,925,195 4,064,919 3,102,186 316,546 306,251 KB Asset Management Co., Ltd. 1 310,018 114,776 195,242 148,780 48,899 48,490 KB Capital Co., Ltd. 1,2 11,190,568 10,036,077 1,154,491 931,694 117,028 115,524 KB Life Insurance Co., Ltd. 1 9,801,905 9,186,567 615,338 1,506,417 15,963 63,107 KB Real Estate Trust Co., Ltd. 377,938 85,132 292,806 119,899 61,713 61,672 KB Savings Bank Co., Ltd. 1,361,032 1,148,625 212,407 92,435 16,301 15,433 KB Investment Co., Ltd. 1 756,972 542,221 214,751 99,822 11,311 11,310 KB Data System Co., Ltd. 41,690 20,999 20,691 158,067 4,664 4,282 KB Credit Information Co., Ltd. 27,834 12,936 14,898 38,278 (256 ) (337 ) December 31, 2020 2020 Assets Liabilities Equity Operating Profit (loss) Total (In millions of Korean won) Kookmin Bank 1 ₩ 438,444,114 ₩ 408,036,040 ₩ 30,408,074 ₩ 24,519,818 ₩ 2,298,195 ₩ 2,905,953 KB Securities Co., Ltd. 1,2 57,570,654 52,516,488 5,054,166 10,040,497 425,622 449,507 KB Insurance Co., Ltd. 1,2 39,078,117 35,086,458 3,991,659 13,735,778 163,884 129,042 KB Kookmin Card Co., Ltd. 1 24,071,644 19,789,958 4,281,686 3,210,581 324,662 308,148 Prudential Life Insurance Company of Korea Ltd. 2 25,121,656 22,681,729 2,439,927 656,062 55,711 (31,718 ) KB Asset Management Co., Ltd. 1 335,601 112,522 223,079 191,427 57,317 57,802 KB Capital Co., Ltd. 1,2 12,823,748 11,392,177 1,431,571 1,300,378 141,646 139,949 KB Life Insurance Co., Ltd. 10,424,916 9,842,789 582,127 1,897,859 (23,185 ) (33,210 ) KB Real Estate Trust Co., Ltd. 1 437,619 108,096 329,523 139,070 66,874 66,718 KB Savings Bank Co., Ltd. 1,883,720 1,658,116 225,604 104,397 17,305 16,197 KB Investment Co., Ltd. 1 848,693 618,552 230,141 128,014 15,387 15,390 KB Data System Co., Ltd. 40,347 23,024 17,323 149,966 (1,729 ) (3,367 ) KB Credit Information Co., Ltd. 27,711 11,773 15,938 39,767 1,132 1,040 1 Financial information is based on its consolidated financial statements. 2 Includes fair value adjustments arising from the acquisition. |
Disclosure Of Changes In Subsidiaries [Text Block] | Subsidiaries newly included in consolidation for the year ended December 31, 2020, are as follows: Company Reasons of obtaining control Prudential Life Insurance Company of Korea Ltd. and 27 others Holds more than a majority of the ownership interests KB Hwaseong 1st L.L.C. and 82 others Holds the power in the event of default and is exposed to significant variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt KB Global Infrastructure Synergy Private Special Asset Fund and 21 others Holds the power to determine the operation of the funds and is exposed to variable returns by holding significant amount of ownership interests KB Smart Scale Up Fund and 2 others Holds the power as a general partner and is exposed to variable returns by holding significant amount of ownership interests Subsidiaries excluded from consolidation for the year ended December 31, 2020, are as follows: Company Reasons of losing control KBH the 3rd L.L.C and 60 others Termination of the commitments Sechste Casalog KG and 16 others Liquidation KB Contents Panda iMBC Contents Venture Fund and 5 others Disposal Hyundai Smart Index Alpha Securities Feeder Investment Trust No.1 and 27 others Decrease in ownership interests to less than majority |
Unconsolidated Structured Ent_2
Unconsolidated Structured Entities(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Unconsolidated Structured Entities Abstract [Abstract] | |
Disclosure Of Nature Purpose Activity Method Of Financing Of The Unconsolidated Structured Entities [Text Block] | Nature, purpose and activities of the unconsolidated structured entities and how the structured entities are financed, are as follows: Nature Purpose Activity Method of Financing Structured financing Granting PF loans to SOC and real estate Granting loans to ships/aircrafts SPC Construction of SOC and real estate Building ships, construction and purchase of aircrafts Loan commitments through credit line, providing credit line and investment agreements Investment funds Investment in beneficiary certificates Investment in PEF and partnerships Management of fund assets Payment of fund fees and allocation of fund profits Sales of beneficiary certificate instruments Investment from general partners and limited partners Trusts Management of financial trusts; —Development trust —General unspecified money trust —Trust whose principal is not guaranteed —Other trusts Management of trusted financial assets Payment of trust fees and allocation of trust profits. Sales of trusted financial assets Asset-backed securitization Early cash generation through transfer of securitized assets Fees earned through services to SPC, such as providing lines of credit and ABCP purchase commitments Fulfillment of asset-backed securitization plan Purchase and collection of securitized assets Issuance and repayment of ABS and ABCP Issuance of ABS and ABCP based on securitized assets |
Disclosure Of Unconsolidated Structured Entities Explanatory | Details of scale of unconsolidated structured entities and nature of the risks associated with the Group’s interests in unconsolidated structured entities as of December 31, 2019 and 2020, are as follows: December 31, 2019 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 54,206,404 ₩ 180,236,568 ₩ 2,287,172 ₩ 99,012,931 ₩ 335,743,075 Carrying amount in the financial statements Assets Financial assets at fair value through profit or loss ₩ 132,685 ₩ 9,846,278 ₩ — ₩ 2,405,228 ₩ 12,384,191 Derivative financial assets — — — 2,959 2,959 Loans measured at amortized cost 4,775,723 293,221 266,974 920,863 6,256,781 Financial investments — — — 5,166,578 5,166,578 Investment in associates — 352,488 — — 352,488 Other assets 1,876 69,353 93,613 9,181 174,023 ₩ 4,910,284 ₩ 10,561,340 ₩ 360,587 ₩ 8,504,809 ₩ 24,337,020 Liabilities Deposits ₩ 523,086 ₩ 90,131 ₩ — ₩ 409,246 ₩ 1,022,463 Derivative financial liabilities — — — 228 228 Other liabilities 1,362 78 — 16,169 17,609 ₩ 524,448 ₩ 90,209 ₩ — ₩ 425,643 ₩ 1,040,300 Maximum exposure* Assets held ₩ 4,910,284 ₩ 10,561,340 ₩ 360,587 ₩ 8,504,809 ₩ 24,337,020 Purchase and investment commitments 38,650 3,980,356 — 945,598 4,964,604 Unused credit 654,203 2,900 28,427 1,927,902 2,613,432 Acceptances and guarantees and loan commitments 1,816,411 7,188 — 600,664 2,424,263 ₩ 7,419,548 ₩ 14,551,784 ₩ 389,014 ₩ 11,978,973 ₩ 34,339,319 Methods of determining the maximum exposure Loan Investments / Trust Providing December 31, 2020 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 56,200,300 ₩ 285,528,467 ₩ 1,984,006 ₩ 116,115,027 ₩ 459,827,800 Carrying amount in the financial statements Assets Financial assets at fair value through profit or loss ₩ 164,996 ₩ 11,151,958 ₩ — ₩ 2,308,917 ₩ 13,625,871 Derivative financial assets — — — 3,005 3,005 Loans measured at amortized cost 4,655,337 379,727 262,382 1,080,824 6,378,270 Financial investments — — — 7,849,054 7,849,054 Investment in associates — 396,953 — — 396,953 Other assets 2,572 3,257 91,297 16,363 113,489 ₩ 4,822,905 ₩ 11,931,895 ₩ 353,679 ₩ 11,258,163 ₩ 28,366,642 Liabilities Deposits ₩ 612,023 ₩ 26,839 ₩ — ₩ 344,221 ₩ 983,083 Derivative financial liabilities — — — 1,307 1,307 Other liabilities 8,422 97 1 13,736 22,256 ₩ 620,445 ₩ 26,936 ₩ 1 ₩ 359,264 ₩ 1,006,646 Maximum exposure* Assets held ₩ 4,822,905 ₩ 11,931,895 ₩ 353,679 ₩ 11,258,163 ₩ 28,366,642 Purchase and investment commitments — 5,650,847 — 761,200 6,412,047 Unused credit 1,322,414 — 18,287 3,020,084 4,360,785 Acceptances and guarantees and loan commitments 883,342 16,650 — 684,257 1,584,249 ₩ 7,028,661 ₩ 17,599,392 ₩ 371,966 ₩ 15,723,704 ₩ 40,723,723 Methods of determining the maximum exposure Loan Investments / Trust Providing * Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. |
Related Party Transactions(Tabl
Related Party Transactions(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Transactions Between Related Parties Abstract [Abstract] | |
Schedule Of Profit And Loss Arising From Related Party Transactions Table Text Block [Text Block] | Profit or loss arising from transactions with related parties for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 2019 2020 (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Fee and commission income ₩ 6,691 ₩ 6,743 ₩ 6,817 Korea Credit Bureau Co., Ltd. Interest expense 127 21 7 Fee and commission income 1,194 1,056 957 Insurance income — 3 5 Fee and commission expense 1,909 2,541 3,280 Other operating expense 4 — 1 KB GwS Private Securities Investment Trust Fee and commission income 851 851 853 Incheon Bridge Co., Ltd. Interest income 9,426 8,612 4,345 Interest expense 296 483 334 Fee and commission income 9 — 23 Fee and commission expense 2 7 6 Insurance income 365 284 279 Gains on financial instruments at fair value through profit or loss 2,655 4,975 899 Reversal of credit losses 6 5 — Provision for credit losses 1 1 472 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 Fee and commission income 210 178 12 Aju Good Technology Venture Fund Interest expense 30 22 18 KB Star Office Private Real Estate Investment Trust No.1 Interest income 370 370 371 Interest expense 93 208 61 Fee and commission income 435 435 436 RAND Bio Science Co., Ltd. Interest expense 3 5 11 Other non-operating — 843 — SY Auto Capital Co., Ltd. Interest income 1,279 1,016 1,097 Interest expense — 1 2 Fee and commission income 73 34 39 Fee and commission expense 840 389 132 Insurance income 33 32 40 Other operating income 621 689 1,709 Other operating expense 415 288 121 Reversal of credit losses — 13 17 Provision for credit losses 14 — — Food Factory Co., Ltd. Interest income 9 41 52 Interest expense — — 12 Insurance income 5 4 5 Fee and commission expense 1 12 4 Gains on financial instruments at fair value through profit or loss 30 60 72 Reversal of credit losses 1 — — Provision for credit losses 1 1 8 KB Pre IPO Secondary Venture Fund No.1 Interest expense 27 7 3 Fee and commission income 110 110 110 Built On Co., Ltd.* Interest income 4 1 — Insurance income 2 1 — Losses on financial instruments at fair value through profit or loss 1 — — KB Private Equity Fund No.3 Fee and commission income 521 480 463 Wise Asset Management Co., Ltd. Interest expense 9 2 — Acts Co., Ltd. Interest income — 1 1 Insurance income 2 1 — Gains on financial instruments at fair value through profit or loss — 30 — Losses on financial instruments at fair value through profit or loss 1,851 — — Other non-operating 1,246 — — Dongjo Co., Ltd. Insurance income 2 2 1 Reversal of credit losses 31 — — APRO Co., Ltd.* Interest income — 19 7 Interest expense 1 4 1 Fee and commission expense — 17 — Insurance income 5 4 1 Provision for credit losses — — 1 POSCO-KB Fee and commission income 490 490 387 Interest expense 81 — — Dae-A Interest expense 9 8 7 Paycoms Co., Ltd. Interest income 10 10 10 Insurance income 1 1 — Gains on financial instruments at fair value through profit or loss 125 125 69 Big Dipper Co., Ltd. Fee and commission expense — — 768 Reversal of credit losses 2 — — KB-KDBC Pre-IPO Interest expense 39 58 23 Fee and commission income 322 449 300 KB-TS Fee and commission income 305 730 126 KB-SJ Fee and commission income 314 422 338 JLK Inspection Co., Ltd.* Interest income 6 — — Interest expense — 1 — TESTIAN Inc.* Interest income 4 3 — Gains on financial instruments at fair value through profit or loss 83 — — Rainist Co., Ltd. Gains on financial instruments at fair value through profit or loss — — 1,636 Fee and commission income — 39 36 Fee and commission expense — — 5 Interest expense 2 — — Iwon Alloy Co., Ltd. Insurance income 1 2 1 Bioprotect Ltd. Losses on financial instruments at fair value through profit or loss — — 216 RMGP Bio-Pharma Fee and commission income — — 27 Other non-operating 10 33 — Gains on financial instruments at fair value through profit or loss — 947 — Losses on financial instruments at fair value through profit or loss — 2,120 489 RMGP Bio-Pharma Losses on financial instruments at fair value through profit or loss — — 1 KB-MDI Fee and commission income — — 308 Losses on financial instruments at fair value through profit or loss — — 322 S&E BIO Interest expense — — 1 Contents First Interest expense — — 14 December & Company Inc. Interest expense — — 1 GENINUS Inc. Interest expense — — 70 Hasys. Gains on financial instruments at fair value through profit or loss — 136 — Losses on financial instruments at fair value through profit or loss 136 — — Insurance income 4 50 63 KB-Brain Scale-up Interest expense 21 89 40 Fee and commission income 108 735 734 Spark Biopharma Inc.* Interest expense 25 59 — SKYDIGITAL INC. Fee and commission income — — 4 KB No.8 Special Purpose Acquisition Company* Interest expense 17 — — Losses on financial instruments at fair value through profit or loss 2,330 — — KB No.9 Special Purpose Acquisition Company* Interest expense 43 (23 ) — Gains on financial instruments at fair value through profit or loss 48 — — Losses on financial instruments at fair value through profit or loss 2,256 — — KB No.10 Special Purpose Acquisition Company* Interest expense 30 18 — Gains on financial instruments at fair value through profit or loss 121 3,066 — KB No.11 Special Purpose Acquisition Company* Interest expense 12 9 — Gains on financial instruments at fair value through profit or loss 56 118 — KB No.17 Special Purpose Acquisition Company Fee and commission income — 175 — Gains on financial instruments at fair value through profit or loss — 1,384 4 Interest expense — 28 25 KB No.18 Special Purpose Acquisition Company Fee and commission income — 263 — Gains on financial instruments at fair value through profit or loss — 1,898 84 Interest expense — 28 31 KB No.19 Special Purpose Acquisition Company Fee and commission income — 150 — Gains on financial instruments at fair value through profit or loss — 1,044 11 Interest expense — 8 13 KB No.20 Special Purpose Acquisition Company Fee and commission income — — 210 Gains on financial instruments at fair value through profit or loss — — 1,568 Interest expense — 3 25 KB SPROTT Renewable Private Equity Fund No.1 Fee and commission income — 490 488 KB-Stonebridge Fee and commission income — 1,444 1,442 COSES GT Losses on financial instruments at fair value through profit or loss — 5 — Interest income — — 6 Provision for credit losses — — 4 WJ Private Equity Fund No.1 Fee and commission income — — 5 UPRISE, Inc. Interest income — — 2 Provision for credit losses — — 1 CWhy Inc. Losses on financial instruments at fair value through profit or loss — — 2,000 Insurance income — 3 — Stratio, Inc. Interest expense — 1 — NEXELON Inc.* Interest expense — 2 — CellinCells Co., Ltd. Interest expense — 19 4 Bomapp Inc. Fee and commission expense — — 9 Interest expense — 1 — Insurance income — 1 8 KB Social Impact Investment Fund Fee and commission income — 121 300 KB-UTC Fee and commission income — — 371 KBSP Private Equity Fund No.4 Fee and commission income — — 480 KB-NAU Fee and commission income — — 237 JR GLOBAL REIT Fee and commission income — — 6,210 IGIS No.371 Professional Investors’ Real Estate Investment Company* Fee and commission income — — 200 Koreit Tower Real Estate Investment Trust Company* Fee and commission income — — 2,852 2020 KB Fintech Renaissance Fund Fee and commission income — — 60 KB Material and Parts No.1 PEF Fee and commission income — — 63 FineKB Private Equity Fund No.1 Fee and commission income — — 38 Bluepointpartners Inc. Losses on financial instruments at fair value through profit or loss — — 68 KB-Solidus Fee and commission income — 81 777 Fabric Time Co., Ltd. Fee and commission income — — 9 Interest expense — — 47 BNF Corporation Ltd.* Interest income — 7 401 Fee and commission income — — 2 Gains on financial instruments at fair value through profit or loss — 158 — Provision for credit losses — 1 8 KB Cape No.1 Private Equity Fund Fee and commission income — 97 144 ALS Co., Ltd.* Interest income — 194 — Keystone-Hyundai Securities No.1 Private Equity Fund Fee and commission income 116 90 115 MJT&I Corp. Insurance income — 1 — Doosung Metal Co., Ltd.* Insurance income 1 — — Hyundai-Tongyang Agrifood Private Equity Fund* Fee and commission income 151 — — Bungaejangter. Inc.* Interest income 60 — — Inno Lending Co., Ltd.* Fee and commission income 1 — — KoFC KBIC Frontier Champ 2010-5(PEF)* Fee and commission income 197 — — Other Retirement pension Fee and commission income 876 939 1,077 Interest expense 3 4 3 * Excluded from the Group’s related party as of December 31, 2020. Meanwhile, the Group purchased installment financial assets, etc. from SY Auto Capital Co., Ltd. amounting to ₩ 1,393,346 million and ₩ 1,504,217 million for the years ended December 31, 2019 and 2020, respectively. |
Schedule Of Outstanding Balances For Related Party Transactions Table Text Block [Text Block] | Details of receivables and payables, and related allowances for credit losses arising from transactions with related parties as of December 31, 2019 and 2020, are as follows: December 31, December 31, (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Other assets ₩ 1,718 ₩ 1,733 Korea Credit Bureau Co., Ltd. Loans measured at amortized cost (gross amount) 43 36 Deposits 17,966 19,982 Provisions 1 — Insurance liabilities 2 1 Other liabilities — 623 KB GwS Private Securities Investment Trust Other assets 641 641 Incheon Bridge Co., Ltd. Financial assets at fair value through profit or loss 37,857 38,756 Loans measured at amortized cost (gross amount) 147,707 133,002 Allowances for credit losses 12 202 Other assets 520 545 Deposits 45,447 39,520 Provisions 10 292 Insurance liabilities 108 109 Other liabilities 346 205 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 Other assets 89 — Jungdo Co., Ltd. Deposits 4 4 Dongjo Co., Ltd. Insurance liabilities 1 1 Dae-A Deposits 753 636 Other liabilities 14 21 Aju Good Technology Venture Fund Deposits 5,456 3,093 Other liabilities 2 1 KB Star Office Private Real Estate Investment Trust No.1 Loans measured at amortized cost (gross amount) 10,000 10,000 Allowances for credit losses 4 5 Other assets 136 137 Deposits 8,293 4,255 Other liabilities 66 24 KB-Brain Scale-up Deposits 13,118 8,097 Other liabilities 4 1 WJ Private Equity Fund No.1 Other assets — 2 Deposits — 349 KB IGen Private Equity Fund No.1* Deposits 147 — KB Cape No.1 Private Equity Fund Financial assets at fair value through profit or loss 2,000 2,000 Other assets — 144 RAND Bio Science Co., Ltd. Deposits 4,452 693 Loans measured at amortized cost (gross amount) 1 1 SY Auto Capital Co., Ltd. Loans measured at amortized cost (gross amount) 41,990 40,060 Allowances for credit losses 4 57 Other assets 63 65 Deposits 8 6 Provisions 13 — Insurance liabilities 13 13 Other liabilities 70 76 Food Factory Co., Ltd. Financial assets at fair value through profit or loss 590 662 Loans measured at amortized cost (gross amount) 1,992 3,210 Allowances for credit losses 2 8 Other assets 1 3 Deposits 1,073 1,555 Provisions — 2 Insurance liabilities 4 5 Other liabilities 1 9 KB Pre IPO Secondary Venture Fund No.1 Deposits 2,955 629 Other liabilities 1 — Wise Asset Management Co., Ltd. Deposits 21 — Acts Co., Ltd. Deposits 1 18 Insurance liabilities — 1 Other liabilities 100 100 POSCO-KB Other assets — 264 Paycoms Co., Ltd. Other assets 1 1 Financial assets at fair value through profit or loss 1,157 1,226 Deposits 1 1 Big Dipper Co., Ltd. Loans measured at amortized cost (gross amount) 11 4 Deposits 6 1 KB-KDBC Pre-IPO Deposits 7,054 923 Other liabilities 4 — APRO Co., Ltd.* Loans measured at amortized cost (gross amount) 2,019 — Insurance liabilities 2 — Deposits 3,201 — Other liabilities 1 — Iwon Alloy Co., Ltd. Insurance liabilities 1 — Computerlife Co., Ltd. Deposits 1 — RMGP Bio-Pharma Financial assets at fair value through profit or loss 3,419 4,250 Other liabilities 2 71 RMGP Bio-Pharma Financial assets at fair value through profit or loss 8 9 Hasys. Financial assets at fair value through profit or loss 6,000 6,000 Deposits — 1 Insurance liabilities 37 39 SKYDIGITAL INC. Deposits 25 15 Rainist Co., Ltd. Financial assets at fair value through profit or loss 7,504 9,141 UPRISE, Inc. Financial assets at fair value through profit or loss 250 250 Loans measured at amortized cost (gross amount) — 500 Allowances for credit losses — 1 Deposits — 11 Stratio, Inc. Financial assets at fair value through profit or loss 1,000 1,000 Deposits 726 13 Honest Fund, Inc. Financial assets at fair value through profit or loss 3,999 3,999 CellinCells Co., Ltd. Financial assets at fair value through profit or loss 2,000 2,000 Loans measured at amortized cost (gross amount) 4 24 Deposits 1,545 260 Other liabilities 1 — Jo Yang Industrial Co., Ltd. Deposits 2 2 KB No.17 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 2,683 2,687 Deposits 1,742 1,711 Other liabilities 27 23 KB No.18 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 3,786 3,873 Deposits 2,140 2,101 Other liabilities 28 19 KB No.19 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 2,043 2,055 Deposits 1,093 1,053 Other liabilities 7 3 KB No.20 Special Purpose Acquisition Company Financial assets at fair value through profit or loss 1,499 3,067 Deposits 1,984 1,716 Other liabilities 3 1 COSES GT Financial assets at fair value through profit or loss 2,930 4,930 Loans measured at amortized cost (gross amount) — 500 Allowances for credit losses — 4 Other assets — 1 Deposits — 292 Insurance liabilities — 1 CWhy Inc. Financial assets at fair value through profit or loss 2,000 — Bomapp Inc. Financial assets at fair value through profit or loss 1,999 1,999 Insurance liabilities 2 2 Channel Corporation Financial assets at fair value through profit or loss 2,000 4,551 MitoImmune Therapeutics Financial assets at fair value through profit or loss 5,000 5,000 KB-Solidus Other assets — 707 Bioprotect Ltd. Financial assets at fair value through profit or loss — 3,264 GOMI CORPORATION Financial assets at fair value through profit or loss — 500 Loans measured at amortized cost (gross amount) — 9 Deposits — 37 Copin Communications, Inc. Financial assets at fair value through profit or loss — 1,500 Go2joy Co., Ltd. Financial assets at fair value through profit or loss — 1,200 ClavisTherapeutics, Inc. Financial assets at fair value through profit or loss — 2,000 S&E BIO Financial assets at fair value through profit or loss — 2,000 Deposits — 1,142 Bluepointpartners Inc. Financial assets at fair value through profit or loss — 1,432 4N Inc. Financial assets at fair value through profit or loss — 200 Deposits — 76 Xenohelix Co., Ltd. Financial assets at fair value through profit or loss — 2,100 Contents First Financial assets at fair value through profit or loss — 6,146 Deposits — 1,823 Other liabilities — 7 KB-MDI Financial assets at fair value through profit or loss — 4,280 Other assets — 308 OKXE Inc. Financial assets at fair value through profit or loss — 800 GENINUS Inc. Financial assets at fair value through profit or loss — 5,599 Deposits — 13,630 Other liabilities — 15 FineKB Private Equity Fund No.1 Other assets — 38 NEOMIO CORP. Deposits — 535 December & Company Inc. Deposits — 1 KB Social Impact Investment Fund Other assets 73 — Fabric Time Co., Ltd. Financial assets at fair value through profit or loss 1,845 3,345 Loans measured at amortized cost (gross amount) — 59 Provisions — 1 Deposits 395 3,947 Other liabilities 2 40 BNF Corporation Ltd.* Financial assets at fair value through profit or loss 2,259 — Loans measured at amortized cost (gross amount) 1,400 — Other assets 2 — Deposits 947 — Other liabilities 6 — Key management Loans measured at amortized cost (gross amount) 3,538 5,153 Allowances for credit losses 1 2 Other assets 3 5 Deposits 15,339 17,167 Insurance liabilities 1,984 2,501 Other liabilities 289 371 Other Retirement pension Other assets 366 295 Other liabilities 17,620 10,600 * Excluded from the Group’s related party as of December 31, 2020, therefore, the remaining outstanding balances with those entities are not disclosed. |
Schedule Of Significant Loan Transactions With Related Parties Table Text Block [Text Block] | Significant lending transactions with related parties for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Increase Decrease Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 22 ₩ 43 ₩ (22 ) ₩ 43 Incheon Bridge Co., Ltd. 191,088 4,982 (10,506 ) 185,564 KB Star Office Private Real Estate Investment Trust No.1 10,000 — — 10,000 KB Cape No.1 Private Equity Fund — 2,000 — 2,000 RAND Bio Science Co., Ltd. 1 1 (1 ) 1 SY Auto Capital Co., Ltd. 48,356 28,088 (34,454 ) 41,990 Food Factory Co., Ltd. 730 1,872 (20 ) 2,582 Built On Co., Ltd.* 401 — (401 ) — Acts Co., Ltd. — 68 (68 ) — Paycoms Co., Ltd. 1,032 125 — 1,157 Big Dipper Co., Ltd. 5 11 (5 ) 11 APRO Co., Ltd.* — 2,019 — 2,019 JLK Inspection Co., Ltd.* 7,300 (7,300 ) — — TESTIAN Inc.* 615 24 (639 ) — RMGP Bio-Pharma 3,051 368 — 3,419 RMGP Bio-Pharma 4 4 — 8 Hasys. 5,864 136 — 6,000 Rainist Co., Ltd. 2,504 5,000 — 7,504 Spark Biopharma Inc.* 6,500 (6,500 ) — — UPRISE, Inc. 250 — — 250 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. — 3,999 — 3,999 CellinCells Co., Ltd. — 2,004 — 2,004 KB No.9 Special Purpose Acquisition Company* 2,481 — (2,481 ) — KB No.10 Special Purpose Acquisition Company* 2,025 — (2,025 ) — KB No.11 Special Purpose Acquisition Company* 737 — (737 ) — KB No.17 Special Purpose Acquisition Company — 2,683 — 2,683 KB No.18 Special Purpose Acquisition Company — 3,786 — 3,786 KB No.19 Special Purpose Acquisition Company — 2,043 — 2,043 KB No.20 Special Purpose Acquisition Company — 1,499 — 1,499 COSES GT — 2,930 — 2,930 CWhy Inc. — 2,000 — 2,000 Bomapp Inc. — 1,999 — 1,999 Channel Corporation — 2,000 — 2,000 MitoImmune Therapeutics — 5,000 — 5,000 Fabric Time Co., Ltd. — 1,845 — 1,845 BNF Corporation Ltd.* — 3,659 — 3,659 Key management 2,404 2,006 (872 ) 3,538 2020 Beginning Increase Decrease Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 43 ₩ 36 ₩ (43 ) ₩ 36 Incheon Bridge Co., Ltd. 185,564 901 (14,707 ) 171,758 Carlife Co., Ltd. — 22 (22 ) — KB Star Office Private Real Estate Investment Trust No.1 10,000 — — 10,000 KB Cape No.1 Private Equity Fund 2,000 — — 2,000 RAND Bio Science Co., Ltd. 1 1 (1 ) 1 SY Auto Capital Co., Ltd. 41,990 11,310 (13,240 ) 40,060 Food Factory Co., Ltd. 2,582 1,314 (24 ) 3,872 Acts Co., Ltd. — 74 (74 ) — Paycoms Co., Ltd. 1,157 69 — 1,226 Big Dipper Co., Ltd. 11 4 (11 ) 4 APRO Co., Ltd.* 2,019 2,000 (4,019 ) — RMGP Bio-Pharma 3,419 831 — 4,250 RMGP Bio-Pharma 8 1 — 9 Hasys. 6,000 — — 6,000 Rainist Co., Ltd. 7,504 1,637 — 9,141 UPRISE, Inc. 250 500 — 750 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. 3,999 — — 3,999 CellinCells Co., Ltd. 2,004 24 (4 ) 2,024 KB No.17 Special Purpose Acquisition Company 2,683 4 — 2,687 KB No.18 Special Purpose Acquisition Company 3,786 87 — 3,873 KB No.19 Special Purpose Acquisition Company 2,043 12 — 2,055 KB No.20 Special Purpose Acquisition Company 1,499 1,568 — 3,067 COSES GT 2,930 2,500 — 5,430 CWhy Inc. 2,000 — (2,000 ) — Bomapp Inc. 1,999 — — 1,999 Channel Corporation 2,000 2,551 — 4,551 MitoImmune Therapeutics 5,000 — — 5,000 Bioprotect Ltd. — 3,264 — 3,264 GOMI CORPORATION — 509 — 509 Copin Communications, Inc. — 1,500 — 1,500 Go2joy Co., Ltd. — 1,200 — 1,200 ClavisTherapeutics, Inc. — 2,000 — 2,000 S&E BIO — 2,000 — 2,000 Bluepointpartners Inc. — 1,432 — 1,432 4N Inc. — 200 — 200 Xenohelix Co., Ltd. — 2,100 — 2,100 Contents First — 6,146 — 6,146 KB-MDI — 4,280 — 4,280 Fabric Time Co., Ltd. 1,845 1,559 — 3,404 OKXE Inc. — 800 — 800 GENINUS Inc. — 5,599 — 5,599 BNF Corporation Ltd.* 3,659 1,000 (4,659 ) — Key management 3,538 5,141 (3,526 ) 5,153 * Excluded from the Group’s related party as of December 31, 2020. |
Schedule Of Significant Borrowing Transactions With Related Parties Table Text Block [Text Block] | Significant borrowing transactions with related parties for the years ended December 31, 2019 and 2020, are as follows: 2019 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 15,674 ₩ — ₩ (3,000 ) ₩ 5,292 ₩ 17,966 Incheon Bridge Co., Ltd. 43,666 25,260 (5,260 ) (18,219 ) 45,447 Doosung Metal Co., Ltd. 3 — — (3 ) — Jungdo Co., Ltd. 4 — — — 4 Dae-A 1,229 — — (476 ) 753 Carlife Co., Ltd. 2 — — (2 ) — Computerlife Co., Ltd. 1 — — — 1 SKYDIGITAL INC. 16 — — 9 25 Jo Yang Industrial Co., Ltd. — — — 2 2 Aju Good Technology Venture Fund 6,439 — — (983 ) 5,456 KB-KDBC Pre-IPO 7,088 15,000 (10,000 ) (5,034 ) 7,054 KB-Brain Scale-up 18,813 — — (5,695 ) 13,118 KB Star Office Private Real Estate Investment Trust No.1 7,946 5,018 (5,072 ) 401 8,293 SY Auto Capital Co., Ltd. 5 — — 3 8 KB No.9 Special Purpose Acquisition Company 2 2,275 — (2,266 ) (9 ) — KB No.10 Special Purpose Acquisition Company 2 1,666 — (1,618 ) (48 ) — KB No.11 Special Purpose Acquisition Company 2 658 — (530 ) (128 ) — KB No.17 Special Purpose Acquisition Company — 1,500 — 242 1,742 KB No.18 Special Purpose Acquisition Company — 2,200 (100 ) 40 2,140 KB No.19 Special Purpose Acquisition Company — 1,000 — 93 1,093 KB No.20 Special Purpose Acquisition Company — 1,500 — 484 1,984 RAND Bio Science Co., Ltd. 232 1,900 — 2,320 4,452 Wise Asset Management Co., Ltd. 696 — (682 ) 7 21 Built On Co., Ltd. 2 7 — — (7 ) — Food Factory Co., Ltd. 68 — — 1,005 1,073 Acts Co., Ltd. 29 — — (28 ) 1 Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. 182 — — (176 ) 6 APRO Co., Ltd. 2 2,201 — — 1,000 3,201 Rainist Co., Ltd. 1 — — (1 ) — Spark Biopharma Inc. 2 2,630 17,000 (9,000 ) (10,630 ) — Stratio, Inc. 516 — — 210 726 NEXELON Inc. 2 — — (200 ) 200 — CellinCells Co., Ltd. — — — 1,545 1,545 KB IGen Private Equity Fund No.1 2 148 — — (1 ) 147 KB Pre IPO Secondary Venture Fund No.1 1,115 — — 1,840 2,955 Fabric Time Co., Ltd. — — — 395 395 BNF Corporation Ltd. 2 — — — 947 947 Key management 13,818 13,520 (14,611 ) 2,611 15,338 2020 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 17,966 ₩ 1,000 ₩ — ₩ 1,016 ₩ 19,982 Incheon Bridge Co., Ltd. 45,447 20,000 (21,260 ) (4,667 ) 39,520 Jungdo Co., Ltd. 4 — — — 4 Dae-A 753 — — (117 ) 636 Computerlife Co., Ltd. 1 — — (1 ) — SKYDIGITAL INC. 25 — — (10 ) 15 Jo Yang Industrial Co., Ltd. 2 — — — 2 Aju Good Technology Venture Fund 5,456 1,442 — (3,805 ) 3,093 KB-KDBC Pre-IPO 7,054 1,500 (6,500 ) (1,131 ) 923 KB-Brain Scale-up 13,118 — — (5,021 ) 8,097 NEOMIO CORP. — — — 535 535 WJ Private Equity Fund No.1 — — — 349 349 KB Star Office Private Real Estate Investment Trust No.1 8,293 2,117 (5,630 ) (525 ) 4,255 SY Auto Capital Co., Ltd. 8 — — (2 ) 6 KB No.17 Special Purpose Acquisition Company 1,742 1,525 (1,500 ) (56 ) 1,711 KB No.18 Special Purpose Acquisition Company 2,140 2,063 (2,100 ) (2 ) 2,101 KB No.19 Special Purpose Acquisition Company 1,093 1,000 (1,000 ) (40 ) 1,053 KB No.20 Special Purpose Acquisition Company 1,984 1,522 (1,500 ) (290 ) 1,716 RAND Bio Science Co., Ltd. 4,452 2,250 (3,750 ) (2,259 ) 693 Wise Asset Management Co., Ltd. 21 — — (21 ) — Food Factory Co., Ltd. 1,073 1,503 (1,003 ) (18 ) 1,555 Acts Co., Ltd. 1 — — 17 18 Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. 6 — — (5 ) 1 APRO Co., Ltd. 2 3,201 — — (3,201 ) — Hasys. — — — 1 1 Stratio, Inc. 726 — — (713 ) 13 UPRISE, Inc. — — — 11 11 CellinCells Co., Ltd. 1,545 — — (1,285 ) 260 COSES GT — — — 292 292 Fabric Time Co., Ltd. 395 7,002 (3,801 ) 351 3,947 BNF Corporation Ltd. 2 947 — — (947 ) — GOMI CORPORATION — — — 37 37 S&E BIO — — — 1,142 1,142 KB IGen Private Equity Fund No.1 2 147 — — (147 ) — KB Pre IPO Secondary Venture Fund No.1 2,955 — — (2,326 ) 629 4N Inc. — — — 76 76 Contents First — 4,000 (3,000 ) 823 1,823 December & Company Inc. — — — 1 1 GENINUS Inc. — — — 13,630 13,630 Key management 15,338 21,319 (20,410 ) 920 17,167 1 Transactions between related parties, such as settlements arising from operating activities and deposits, are expressed in net amount. 2 Excluded from the Group’s related party as of December 31, 2020. |
Schedule Of Significant Investment And Collection Transactions With Related Parties Table Text Block [Text Block] | Significant investment and withdrawal transactions with related parties for the years ended December 31, 2019 and 2020, are as follows: 2019 2020 Equity Withdrawal Equity Withdrawal (In millions of Korean won) Balhae Infrastructure Company ₩ 592 ₩ 6,855 ₩ 894 ₩ 6,973 KB GwS Private Securities Investment Trust — 7,276 — 9,523 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 — — — 3,230 POSCO-KB 2,500 — 5,000 2,125 KB Pre IPO Secondary Venture Fund No.1 — — — 585 KB-KDBC Pre-IPO 5,000 — — 6,400 KB-SJ 1,500 — 1,500 — Korea Credit Bureau Co., Ltd. — 135 — 90 KB-UTC 450 — 16,965 — KB-Solidus 10,400 13,520 10,920 4,940 KB-Stonebridge 7,070 1,855 9,093 — WJ Private Equity Fund No.1 — — 10,000 — All Together Korea Fund No.2 — — 100,000 90,127 KB Star Office Private Real Estate Investment Trust No.1 — 1,275 — 1,273 KB SPROTT Renewable Private Equity Fund No.1 1,667 — 4,129 — KB-NAU — — 5,700 — JR GLOBAL REIT — — 219,493 3,639 IGIS No.371 Professional Investors’ Real Estate Investment Company* — — 10,000 10,000 Koreit Tower Real Estate Investment Trust Company* — — 30,000 30,000 Project Vanilla Co., Ltd. — — 2,450 — December & Company Inc. — — 30,000 — KB Social Impact Investment Fund 1,500 — 1,500 — 2020 KB Fintech Renaissance Fund — — 550 — KB Material and Parts No.1 PEF — — 3,400 — KB Private Equity Fund No.3 — — — 8,000 KoFC KBIC Frontier Champ 2010-5 — 138 — — KB-TS 7,840 2,240 2,240 5,488 KB-Brain Scale-up 14,000 — 8,000 3,200 KB Cape No.1 Private Equity Fund 2,000 — — — Aju Good Technology Venture Fund 1,960 — — 2,885 KB No.9 Special Purpose Acquisition Company* — 16 — — KB No.17 Special Purpose Acquisition Company 1 — — — KB No.18 Special Purpose Acquisition Company 1 — — — KB No.19 Special Purpose Acquisition Company 1 — — — KB No.20 Special Purpose Acquisition Company 1 — — — KBSP Private Equity Fund No.4 6,100 — — — * Excluded from the Group’s related party as of December 31, 2020. |
Schedule Of Commitments Made On Behalf Of Entity Related Party Transactions Table Text Block [Text Block] | Unused commitments provided to related parties as of December 31, 2019 and 2020, are as follows: December 31, 2019 December 31, 2020 (In millions of Korean won or in a Associates and joint ventures Balhae Infrastructure Company Purchase of securities ₩ 7,327 ₩ 6,433 Korea Credit Bureau Co., Ltd. Unused lines of credit for credit card 557 564 KB GwS Private Securities Investment Trust Purchase of securities 876 — Aju Good Technology Venture Fund Purchase of securities 1,154 — Incheon Bridge Co., Ltd. Loan commitments in Korean won 20,000 20,000 Unused lines of credit for credit card 93 98 KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No.2 Purchase of securities 12,550 — Commitments on loss absorption priority 10,000 14,980 SY Auto Capital Co., Ltd. Loan commitments in Korean won 8,100 — Unused lines of credit for credit card 60 90 Food Factory Co., Ltd. Loan commitments in Korean won — 388 Unused lines of credit for credit card 25 73 KB No.17 Special Purpose Acquisition Company Unused lines of credit for credit card — 441 KB No.18 Special Purpose Acquisition Company Unused lines of credit for credit card 15 15 KB No.19 Special Purpose Acquisition Company Unused lines of credit for credit card 1 — CellinCells Co., Ltd. Unused lines of credit for credit card 20 — RAND Bio Science Co., Ltd. Unused lines of credit for credit card 24 24 Big Dipper Co., Ltd. Unused lines of credit for credit card 89 96 Fabric Time Co., Ltd. Unused lines of credit for credit card — 7 KB Pre IPO Secondary Venture Fund No.1 Commitments on loss absorption priority 1,671 1,671 POSCO-KB Purchase of securities 5,000 — KB-TS Purchase of securities 5,936 3,696 KB-SJ Purchase of securities 2,000 500 KB-Brain Scale-up Purchase of securities 18,000 10,000 KB SPROTT Renewable Private Equity Fund No.1 Purchase of securities 22,833 18,704 KB-Stonebridge Purchase of securities 27,930 18,837 KB Social Impact Investment Fund Purchase of securities 3,000 1,500 BNF Corporation Ltd.* Loan commitments in Korean won 360 — APRO Co., Ltd.* Unused lines of credit for credit card 96 — KB-UTC Purchase of securities 22,050 5,085 KB-NAU Purchase of securities — 24,300 All Together Korea Fund No.2 Purchase of securities — 990,000 FineKB Private Equity Fund No.1 Purchase of securities — 25,000 KB-Solidus Purchase of securities 24,700 2,120 RMGP Bio-Pharma Purchase of securities USD 8,911,002 USD 7,796,423 RMGP Bio-Pharma Purchase of securities USD 13,150 USD 17,132 KB-MDI Purchase of securities — USD 13,537,500 Key management Loan commitments in Korean won 1,695 1,760 * Excluded from the Group’s related party as of December 31, 2020. |
Schedule Of Key Management Personnel Compensation Table Text Block [Text Block] | Details of compensation to key management for the years ended December 31, 2018, 2019 and 2020, are as follows: 2018 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 7,757 ₩ 418 ₩ 4,213 ₩ 12,388 Registered directors (non-executive) 960 — — 960 Non-registered 7,135 273 3,314 10,722 ₩ 15,852 ₩ 691 ₩ 7,527 ₩ 24,070 2019 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 8,540 ₩ 425 ₩ 7,434 ₩ 16,399 Registered directors (non-executive) 1,030 — — 1,030 Non-registered 9,157 360 7,510 17,027 ₩ 18,727 ₩ 785 ₩ 14,944 ₩ 34,456 2020 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 8,111 ₩ 672 ₩ 6,369 ₩ 15,152 Registered directors (non-executive) 1,133 — — 1,133 Non-registered 10,782 396 6,934 18,112 ₩ 20,026 ₩ 1,068 ₩ 13,303 ₩ 34,397 |
Schedule Of Provision Of Guarantees Or Collateral By Entity Related Party Transactions Table Text Block [Text Block] | Details of collateral provided from related parties as of December 31, 2019 and 2020, are as follows: Assets pledged as collateral December 31, 2019 December 31, 2020 (In millions of Korean won) Associates KB Star Office Private Real Estate Investment Trust No.1 Real estate ₩ 13,000 ₩ 13,000 Key management Time deposits and others 192 213 Real estate 2,922 4,356 As of December 31, 2020, Incheon Bridge Co., Ltd., a related party, provides fund management account, civil engineering works insurance, and management and operations rights as senior collateral amounting to ₩ 611,000 million to the project financing group that consists of the Group and 5 other institutions, and as subordinated collateral amounting to ₩ 384,800 million to subordinated debt holders that consist of the Group and 2 other institutions. Also, it provides certificate of credit guarantee amounting to ₩ 400,000 million as collateral to the project financing group that consists of the Group and 5 other institutions. |
BusinessCombination(Table)
BusinessCombination(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Disclosure Of Business Combinations Abstract [Abstract] | |
Disclosure of Identifiable assets acquired and liabilities assumed related to Acquisition of Prudential Life Insurance Company of Korea Ltd. [Text Block] | Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Cash ₩ 2,299,541 Total consideration transferred 2,299,541 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 574,204 Financial assets at fair value through profit or loss 503,853 Financial assets at fair value through other comprehensive income 7,195,958 Securities measured at amortized cost 10,064,300 Loans measured at amortized cost 759,869 Derivatives 389 Property and equipment 178,537 Intangible assets 1 10,382 Other assets 4,931,131 Total assets 24,218,623 Insurance liabilities 2 16,752,888 Derivatives 1,166 Other liabilities 5,019,961 Total liabilities 21,774,015 Total identifiable net assets ₩ 2,444,608 Non-controlling interests — Gain on a bargain purchase 3 145,067 1 Memberships, software, development costs and others were previously held by Prudential Life Insurance Company of Korea Ltd. 2 Separately measured VOBA (Value of Business Acquired) was adjusted by applying an indirect method of intrinsic value to the carrying amount of insurance liabilities of the acquiree. 3 As a result of the business combination, gain on a bargain purchase was recognized as other non-operating |
Details of intangible assets recognized as the result of the business combination related to Acquisition of Prudential Life Insurance Company of Korea Ltd. [Text Block] | Details of intangible assets recognized as the result of the business combination are as follows: 2020 (In millions of VOBA 1 ₩ (2,807,162 ) Others 2 10,382 ₩ (2,796,780 ) 1 Negative VOBA was recognized and adjusted in the insurance liability. In accordance with IFRS No.4, an indirect method of intrinsic value is applied to the measurement of VOBA. VOBA is a similar concept to present value of in force business (PVIF) and present value of future profits (PVFP or PVP). The VOBA from intrinsic values is calculated through the actuarial model and cash flows that were originally used to calculate the embedded value of the insurance contracts. 2 Memberships, software, development costs and others were previously held by Prudential Life Insurance Company of Korea Ltd. |
Disclosure of Identifiable assets acquired and liabilities assumed related to Acquisition of PRASAC Microfinance Institution Plc [Text Block] | Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Cash ₩ 733,976 Total consideration transferred 733,976 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 658,865 Loans measured at amortized cost 3,194,211 Financial investments 35 Property and equipment 24,472 Intangible assets 1,821 Current income tax assets 873 Deferred income tax assets 26,330 Other assets 37,325 Total assets 3,943,932 Deposits 2,222,944 Borrowings 1,038,684 Debentures 89,570 Current income tax liabilities 9,238 Deferred income tax liabilities 323 Other liabilities 101,696 Total liabilities 3,462,455 Total identifiable net assets ₩ 481,477 Non-controlling interests 1 144,443 Goodwill 2 396,942 1 Measured at the proportionate share (30%) of the fair value of PRASAC’s net assets as of the acquisition date. 2 As a result of the business combination, there was a goodwill and the Group recognized it as intangible assets in the consolidated statement of financial position. |
Details of loans acquired related to Acquisition of PRASAC Microfinance Institution Plc [Text Block] | Details of loans acquired are as follows: 2020 (In millions of Acquiree’s carrying amount of loans ₩ 3,294,798 Present value of contractual cash flows not expected to be paid (100,587 ) Fair value of loans ₩ 3,194,211 |
Disclosure of Amount of the recognized liabilities and deducted equity in relation to the agreement with shareholders related to Acquisition of PRASAC Microfinance Institution Plc [Text Block] | Amount of the recognized liabilities and deducted equity in relation to the above agreement with shareholders are as follows: 2020 (In millions of Agreement with shareholders (purchase of remaining shares and payment of dividends) Other payables (present value of exercising price of options) ₩ 308,236 Other payables (present value of expected dividends) 102,986 ₩ 411,222 Attributable to ordinary equity holders of the Parent Company (capital surplus) (411,222 ) |
Disclosure of Identifiable assets acquired and liabilities assumed related to Acquisition of PT Bank Bukopin TBK [Text Block] | Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Fair value of existing shares at the time of exchange ₩ 78,446 Cash (=16,360,578,947shares x 190 IDR) 252,722 Total consideration transferred 331,168 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 300,424 Financial assets at fair value through profit or loss 3,960 Derivative assets 130 Loans measured at amortized cost 4,256,209 Financial investments 469,625 Property and equipment 280,197 Intangible assets 99,085 Deferred income tax assets 25,350 Assets held for sale 183,642 Other assets 272,775 Total assets 5,891,397 Deposits 4,253,557 Borrowings 838,142 Debentures 141,806 Provisions 3,522 Net defined benefit liabilities 15,141 Other liabilities 276,336 Total liabilities 5,528,504 Total identifiable net assets ₩ 362,893 Non-controlling interests 1 120,945 Goodwill 2 89,220 1 The sum of the existing non-controlling interests 2 As a result of the business combination, there was a goodwill and the Group recognized it as intangible assets in the consolidated statement of financial position. |
Details of loans acquired related to Acquisition of PT Bank Bukopin TBK [Text Block] | Details of loans acquired are as follows: 2020 (In millions of Acquiree’s carrying amount of loans ₩ 5,053,321 Present value of contractual cash flows not expected to be paid (797,112 ) Fair value of loans ₩ 4,256,209 |
Details of intangible assets recognized as a result of PT Bank Bukopin TBK business combinations [Text Block] | Details of intangible assets recognized as a result of business combinations are as follows: 2020 (In millions Core deposits 1 ₩ 95,477 Others 2 3,608 ₩ 99,085 1 It is an identifiable intangible asset and reflects the fair value of financing costs saved through stable relationships with saving customers. 2 Software and other intangible assets which were previously held by PT Bank Bukopin TBK. |
Disclosure of Identifiable assets acquired and liabilities assumed related to Acquisition of PT. Finansia Multi Finance [Text Block] | Details of consideration paid, assets acquired and liabilities assumed are as follows: 2020 (In millions of Consideration Cash ₩ 89,689 Total consideration transferred 89,689 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and due from financial institutions 24,150 Loans measured at amortized cost 191,039 Property and equipment 13,837 Intangible assets 13,409 Other assets 17,587 Total assets 260,022 Borrowings 146,588 Debentures 46,865 Other liabilities 19,233 Total liabilities 212,686 Total identifiable net assets ₩ 47,336 Non-controlling interests 1 9,467 Goodwill 2 51,820 1 Measured at the proportionate share (20%) of the fair value of PT. Finansia Multi Finance’s net assets as of the acquisition date. 2 As a result of the business combination, there was a goodwill and the Group recognized it as intangible assets in the consolidated statement of financial position. |
Parent Company Information(Tabl
Parent Company Information(Table) | 12 Months Ended |
Dec. 31, 2020 | |
Condensed financial information of parent company only disclosure [Abstract] | |
Schedule Of Condensed Balance Sheet [Text Block] | Condensed Statements of Financial Position December 31, December 31, (In millions of Korean won) Assets Cash and due from financial institutions ₩ 18,537 ₩ 23,084 Financial assets at fair value through profit or loss 413,909 474,262 Loans at amortized cost 120,000 179,542 Investments in subsidiaries* Banking subsidiaries 14,821,721 14,821,721 Nonbanking subsidiaries. 9,340,395 11,698,159 Other assets 632,074 911,723 Total assets ₩ 25,346,636 ₩ 28,108,491 Liabilities and shareholders’ equity Borrowings ₩ — ₩ 100,000 Debentures 5,543,446 6,128,043 Other liabilities 621,291 894,828 Shareholders’ equity 19,181,899 20,985,620 Total liabilities and shareholders’ equity ₩ 25,346,636 ₩ 28,108,491 * Investments in subsidiaries were accounted at cost method in accordance with IAS No.27. |
Condensed StatementOf ComprehensiveIncome [Text Block] | Condensed Statements of Comprehensive Income 2018 2019 2020 (In millions of Korean won) Income Dividends from subsidiaries ₩ 1,089,556 ₩ 926,934 ₩ 1,573,411 Interest from subsidiaries 5,710 3,618 3,519 Other income 20,940 22,709 22,749 Total income 1,116,206 953,261 1,599,679 Expense Interest expense 122,451 126,065 132,437 Non-interest 65,027 80,355 87,876 Total expense 187,478 206,420 220,313 Profit before income tax expense 928,728 746,841 1,379,366 Income tax benefit (expense) (2,823 ) (854 ) 49 Profit for the year 925,905 745,987 1,379,415 Other comprehensive loss for the year, net of tax (1,911 ) (520 ) (368 ) Total comprehensive income for the year ₩ 923,994 ₩ 745,467 ₩ 1,379,047 * The condensed statements of comprehensive income for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Schedule Of Condensed Cash Flow Statement [Text Block] | Condensed Statements of Cash Flows 2018 2019 2020 (In millions of Korean won) Operating activities Net income ₩ 925,905 ₩ 745,987 ₩ 1,379,415 Reconciliation of net income (loss) to net cash provided by operating activities: Other operating activities, net (1,243 ) (274 ) 9,930 Net cash inflow from operating activities 924,662 745,713 1,389,345 Investing activities Net payments to subsidiaries — (100,000 ) (2,347,543 ) Other investing activities, net (43,554 ) (200,609 ) (146,477 ) Net cash outflow from investing activities (43,554 ) (300,609 ) (2,494,020 ) Financing activities Net decrease in borrowings (164 ) (298,321 ) 100,000 Increases in debentures 897,872 1,037,656 1,537,091 Repayments of debentures and lease liabilities (688,486 ) (868,723 ) (940,610 ) Issuance of hybrid securities — 399,085 1,296,693 Cash dividends paid (766,728 ) (766,249 ) (883,952 ) Acquisition of treasury shares (224,700 ) (274,317 ) — Net cash inflow (outflow) from financing activities (782,206 ) (770,869 ) 1,109,222 Net increase(decrease) in cash and cash equivalents 98,902 (325,765 ) 4,547 Cash and cash equivalents at January 1 245,397 344,299 18,534 Cash and cash equivalents at December 31 ₩ 344,299 ₩ 18,534 ₩ 23,081 * The condensed statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. |
The Parent Company_Entity Infor
The Parent Company_Entity Information(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020KRW (₩)shares | Dec. 31, 2019KRW (₩)shares | Dec. 31, 2020USD ($)shares | |
Entity Information Abstract [Abstract] | |||
Name Of Reporting Entity Or Other Means Of Identification | KB Financial Group Inc. | KB Financial Group Inc. | |
Description Of Nature Of Entitys Operations And Principal Activities | KB Financial Group Inc. (the "Parent Company") was incorporated on September 29, 2008, under the Financial Holding Companies Act of Korea. KB Financial Group Inc. and its subsidiaries (the "Group") derive substantially all of their revenue and income from providing a broad range of banking and related financial services to consumers and corporations primarily in Korea and in selected international markets. The Parent Company's principal business includes ownership and management of subsidiaries and associated companies that are engaged in financial services or activities | KB Financial Group Inc. (the "Parent Company") was incorporated on September 29, 2008, under the Financial Holding Companies Act of Korea. KB Financial Group Inc. and its subsidiaries (the "Group") derive substantially all of their revenue and income from providing a broad range of banking and related financial services to consumers and corporations primarily in Korea and in selected international markets. The Parent Company's principal business includes ownership and management of subsidiaries and associated companies that are engaged in financial services or activities | |
Issued Capital | ₩ 2,090,558 | ₩ 2,090,558 | $ 1,924,812 |
Number Of Shares Authorised | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 |
Significant basis of preparatio
Significant basis of preparation and accounting policies_Newly adopted standards and interpretations that affected the Groups accounting policies(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Amendments to Korean IFRS No.1001 Presentation of Financial Statements and Korean IFRS No.1008 Accounting policies, changes in accounting estimates and errors | |
Disclosure of initial application of standards or interpretations [Line Items] | |
Title of initially applied IFRS | Korean IFRS No.1001 Presentation of Financial Statements and Korean IFRS No.1008 Accounting policies, changes in accounting estimates and errors |
Description of nature of change in accounting policy | The amendments clarify the definition of material. Information is material if omitting, misstating or obscuring it could reasonably be expected to influence the decisions that the primary users of general-purpose financial statements make on the basis of those financial statements. |
Description of fact that impact of initial application of new IFRS is not known or reasonably estimable | These amendments do not have a significant impact on the consolidated financial statements. |
Amendments to Korean IFRS 1103 Business Combination | |
Disclosure of initial application of standards or interpretations [Line Items] | |
Title of initially applied IFRS | Amendments to Korean IFRS No.1103 Business Combination |
Description of nature of change in accounting policy | The amended definition of a business requires an acquisition to include an input and a substantive process that together significantly contribute to the ability to create outputs and the definition of output excludes the returns in the form of lower costs and other economic benefits. If substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets, an entity may elect to apply an optional concentration test that permits a simplified assessment of whether an acquired set of activities and assets is not a business. These amendments do not have a significant impact on the consolidated financial statements. |
Description of fact that impact of initial application of new IFRS is not known or reasonably estimable | These amendments may have impact on the consolidated financial statements if business combination occurs in the future. |
Amendments to Korean IFRS 1107 Financial Instruments: Disclosure | |
Disclosure of initial application of standards or interpretations [Line Items] | |
Title of initially applied IFRS | Korean IFRS 1107 Financial Instruments |
Description of nature of change in accounting policy | These amendments provide exceptions applying hedge accounting even though interest rate benchmark reform gives rise to uncertainties. In the hedging relationship, an entity shall assume that the interest rate benchmark on which the hedge cash flows are based is not altered as a result of interest rate benchmark reform when determining whether a forecast transaction is highly probable and prospectively assessing hedging effectiveness. For a hedge of a non-contractually specified benchmark component of interest rate risk, an entity shall apply the requirement that the risk component shall be separately identifiable only at the inception of the hedging relationship. The application of this exception is ceased either when the uncertainty arising from interest rate benchmark reform is no longer present with respect to the timing and the amount of the interest rate benchmark-based cash flows of the hedge item, or when the hedging relationship that the hedge item is part of is discontinued. The Group early adopted these amendments since 2019 as the amendments allow the early adoption. |
Description of fact that impact of initial application of new IFRS is not known or reasonably estimable | The significant benchmark interest rate indicators for the hedge relationship are LIBOR and CD, and those affected by these amendments should be referred to Note 9. |
Basis Of Preparation_Basis Of P
Basis Of Preparation_Basis Of Preparation Of Financial Statements(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Deferred Tax Assets | |
Disclosure Of Assets And Liabilities With Significant Risk Of Material Adjustment Line Items [Line Items] | |
Description Of Nature Of Assets With Significant Risk Of Material Adjustments Within Next Financial Year | The Group is operating in numerous countries and the income generated from these operations is subject to income taxes based on tax laws and interpretations of tax authorities in numerous jurisdictions. There are many transactions and calculations for which the ultimate tax determination is uncertain. If certain portion of the taxable income is not used for investments, wages, etc. in accordance with the Korean regulation called 'Special Taxation for Facilitation of Investment and Mutually-beneficial Cooperation', the Group is liable to pay additional income tax calculated based on the tax laws. Therefore, the effect of recirculation of corporate income should be reflected in current and deferred income tax. As the Group's income tax is dependent on the actual investments, wages, etc. per each year, there are uncertainties with regard to measuring the final tax effects during the period when the tax law is applied. |
Fair Value Of Financial Instruments | |
Disclosure Of Assets And Liabilities With Significant Risk Of Material Adjustment Line Items [Line Items] | |
Description Of Nature Of Assets With Significant Risk Of Material Adjustments Within Next Financial Year | The fair value of financial instruments where no active market exists or where quoted prices are not otherwise available is determined by using valuation techniques. Financial instruments, which are not actively traded in the market and those with less transparent market prices, will have less objective fair values and require broad judgment on liquidity, concentration, uncertainty in market factors and assumptions in fair value determination and other risks. As described in the significant accounting policies in Note 3.3, 'Recognition and Measurement of Financial Instruments', diverse valuation techniques are used to determine the fair value of financial instruments, from generally accepted market valuation models to internally developed valuation models that incorporate various types of assumptions and variables. |
Allowances and provisions for credit losses | |
Disclosure Of Assets And Liabilities With Significant Risk Of Material Adjustment Line Items [Line Items] | |
Description Of Nature Of Liabilities With Significant Risk Of Material Adjustments Within Next Financial Year | The Group recognizes and measures allowances for credit losses of debt instruments measured at amortized cost, debt instruments measured at fair value through other comprehensive income, and lease receivables. Also, the Group recognizes and measures provisions for credit losses of acceptances and guarantees, and unused loan commitments. Accuracy of allowances and provisions for credit losses is dependent upon estimation of expected cash flows of the borrower for individually assessed loans, and upon assumptions and methodology used for collectively assessed groups of loans, acceptances and guarantees and unused loan commitments. |
Net defined benefit liabilities | |
Disclosure Of Assets And Liabilities With Significant Risk Of Material Adjustment Line Items [Line Items] | |
Description Of Nature Of Liabilities With Significant Risk Of Material Adjustments Within Next Financial Year | The present value of the net defined benefit liability is affected by changes in the various factors determined by the actuarial method. |
Goodwill | |
Disclosure Of Assets And Liabilities With Significant Risk Of Material Adjustment Line Items [Line Items] | |
Description Of Nature Of Assets With Significant Risk Of Material Adjustments Within Next Financial Year | The recoverable amounts of cash-generating units are determined based on value-in-use calculations to test whether impairment of goodwill has occurred. |
Estimated claims for Incurred But Not Reported ("IBNR") | |
Disclosure Of Assets And Liabilities With Significant Risk Of Material Adjustment Line Items [Line Items] | |
Description Of Nature Of Liabilities With Significant Risk Of Material Adjustments Within Next Financial Year | An amount of IBNR is the total sum of estimated insurance claims that shall be paid for accidents that occurred but have not been reported to the Group and the estimated amount of insurance proceeds that shall be additionally paid upon resumption of payment claims. The Group calculates IBNR by applying statistical methods in risk units designated in Detailed Regulations on Supervision of Insurance Business, and records IBNR in reserve for outstanding claims of insurance liability. IBNR based on statistical methods requires significant accounting estimates in determining appropriate model applied by accident year (PLDM, ILDM, BFM, and others) and development parameters. |
Assessment of expected credit losses of financial instruments related to COVID-19 | |
Disclosure Of Assets And Liabilities With Significant Risk Of Material Adjustment Line Items [Line Items] | |
Description Of Nature Of Assets With Significant Risk Of Material Adjustments Within Next Financial Year | The proliferation of COVID-19 in 2020 negatively affected the global economy, despite of various forms of government support policy. Accordingly, the Group was provided with various economic forecasting scenarios from KB Research, assuming macroeconomic changes due to the level of COVID-19 pandemic. The Group reviewed the possibilities of each scenario comprehensively, updated the forward-looking information, and reflected its effect on expected credit losses through the statistical method. In order to reflect additional credit risk for financial assets whose industries are highly affected by COVID-19, the Group measured expected credit losses using a conservative scenario comparing to the forecasted forward-looking information and proactively responded to the credit risk to be increased in the future by expanding the scope of loans subject to lifetime expected credit losses (non-impaired) and expanding the scope of loans subject to individual assessment. The Group will continue to monitor the impact of COVID-19 on the expected credit losses by comprehensively considering the duration of the impact on the entire economy and the government's policies. |
Significant Accounting Polici_4
Significant Accounting Policies_Significant Accounting Policies_The Correlation Between The Major Macroeconomic Variables And The Credit Risk(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Domestic GDP Growth Rate | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Composite Stock Index | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Construction Investment Change Rate | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Rate Of Change In Housing Transaction Price Index | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Interest Rate Spread | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Positive correlation |
Private Consumption Growth Rate | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Change Of Call Rate Compared To The Previous Year (%P) | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Positive correlation |
Household Loan Change Rate | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Significant Accounting Polici_5
Significant Accounting Policies_Property Equipment And Investment Properties And Intangible Assets(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Buildings Investment Property Member [Member] | |
Disclosure Of Investment Property Line Items [Line Items] | |
Depreciation Method Investment Property Cost Model | Straight-line |
Description Of Useful Life Investment Property Cost Model | 20~40 years |
Buildings | |
Disclosure Of Property Plant And Equipment Line Items [Line Items] | |
Depreciation Method Property Plant And Equipment | Straight-line |
Description Of Useful Life Property Plant And Equipment | 20 ~ 40 years |
Leasehold improvements | |
Disclosure Of Property Plant And Equipment Line Items [Line Items] | |
Depreciation Method Property Plant And Equipment | Declining-balance/ Straight-line |
Description Of Useful Life Property Plant And Equipment | 4 ~ 15 years |
Equipment and vehicles | |
Disclosure Of Property Plant And Equipment Line Items [Line Items] | |
Depreciation Method Property Plant And Equipment | Declining-balance/ Straight-line |
Description Of Useful Life Property Plant And Equipment | 3 ~ 15 years |
Industrial property rights | |
Disclosure Of Intangible Assets Line Items [Line Items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Straight-line |
Description of useful life, intangible assets other than goodwill | 3 ~ 19 years |
Software | |
Disclosure Of Intangible Assets Line Items [Line Items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Straight-line |
Description of useful life, intangible assets other than goodwill | 3~5 years |
Value of Business Acquired (VOBA) | |
Disclosure Of Intangible Assets Line Items [Line Items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Declining-Balance |
Description of useful life, intangible assets other than goodwill | 30, 60 years |
Others | |
Disclosure Of Intangible Assets Line Items [Line Items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Straight-line / Declining-balance |
Description of useful life, intangible assets other than goodwill | 1~13 years |
Financial Risk Management_Maxim
Financial Risk Management_Maximum Exposure To Credit Risk(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | ₩ 746,811,197 | ₩ 654,860,994 | |
Financial assets | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 574,163,818 | 490,888,495 | |
Due from financial institutions measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 22,720,091 | 18,142,960 |
Due from financial institutions measured at fair value through profit or loss | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 100,094 | 216,367 | |
Securities measured at fair value through profit or loss | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 58,415,100 | 50,721,526 | |
Loans measured at fair value through profit or loss | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 337,983 | 427,545 | |
Financial instruments indexed to the price of gold | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 89,965 | 79,805 | |
Derivatives | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 5,545,385 | 3,190,673 | |
Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 377,166,984 | 339,684,059 |
Securities measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 58,456,889 | 43,556,848 | |
Securities measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 36,870,229 | 25,346,555 |
Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 293,409 | 375,098 | |
Other financial assets | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 14,167,689 | 9,147,059 |
Off-balance sheet items | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 172,647,379 | 163,972,499 | |
Acceptances And Guarantees Contracts | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 8,548,928 | 8,327,494 | |
Financial guarantee contracts | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 4,964,468 | 3,847,390 | |
Commitments | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | ₩ 159,133,983 | ₩ 151,797,615 | |
[1] | After netting of allowance. |
Financial Risk Management_The C
Financial Risk Management_The Credit Quality Of Loans(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | ₩ 380,743,758 | ₩ 342,467,174 | |
Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 380,450,349 | 342,092,076 |
Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 175,952,265 | 156,654,544 |
Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 97,687,154 | 86,462,605 |
Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 68,769,764 | 62,748,306 |
Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 5,212,879 | 4,842,055 |
Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,706,009 | 1,423,099 |
Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,576,459 | 1,178,479 |
Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 185,700,454 | 166,789,122 |
Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 166,804,091 | 149,884,900 |
Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 13,060,750 | 11,544,982 |
Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,850,894 | 3,633,703 |
Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 636,495 | 582,614 |
Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,348,224 | 1,142,923 |
Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 18,797,630 | 18,648,410 |
Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 8,623,095 | 8,486,229 |
Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 6,540,030 | 6,414,134 |
Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,742,816 | 2,720,395 |
Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 264,219 | 417,345 |
Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 627,470 | 610,307 |
Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 293,409 | 375,098 | |
Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 293,409 | 375,098 | |
Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 235,469 | 241,524 | |
Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 57,940 | 133,574 | |
Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
12-month expected credit losses | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 348,821,470 | 316,752,109 | |
12-month expected credit losses | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 348,528,061 | 316,377,011 |
12-month expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 158,067,246 | 145,082,471 |
12-month expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 93,033,311 | 83,839,707 |
12-month expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 61,701,031 | 58,057,809 |
12-month expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,702,369 | 2,650,199 |
12-month expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 611,743 | 518,108 |
12-month expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 18,792 | 16,648 |
12-month expected credit losses | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 174,873,189 | 155,623,541 |
12-month expected credit losses | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 163,261,012 | 146,265,744 |
12-month expected credit losses | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 8,828,445 | 7,081,846 |
12-month expected credit losses | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,519,004 | 2,080,690 |
12-month expected credit losses | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 225,262 | 185,081 |
12-month expected credit losses | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 39,466 | 10,180 |
12-month expected credit losses | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 15,587,626 | 15,670,999 |
12-month expected credit losses | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 8,210,540 | 8,390,177 |
12-month expected credit losses | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 5,831,625 | 5,695,069 |
12-month expected credit losses | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,526,382 | 1,558,999 |
12-month expected credit losses | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 16,978 | 26,404 |
12-month expected credit losses | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,101 | 350 |
12-month expected credit losses | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 293,409 | 375,098 | |
12-month expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 293,409 | 375,098 | |
12-month expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 235,469 | 241,524 | |
12-month expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 57,940 | 133,574 | |
12-month expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
12-month expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
12-month expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 28,495,172 | 23,814,107 | |
Non-impaired | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 28,495,172 | 23,814,107 |
Non-impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 15,695,811 | 10,749,284 |
Non-impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,646,801 | 2,621,898 |
Non-impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 7,060,916 | 4,683,445 |
Non-impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,507,455 | 2,187,662 |
Non-impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,085,704 | 900,386 |
Non-impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 394,935 | 355,893 |
Non-impaired | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 10,095,819 | 10,561,739 |
Non-impaired | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,536,290 | 3,611,001 |
Non-impaired | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,197,409 | 4,433,832 |
Non-impaired | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,322,878 | 1,541,647 |
Non-impaired | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 402,881 | 387,811 |
Non-impaired | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 636,361 | 587,448 |
Non-impaired | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,703,542 | 2,503,084 |
Non-impaired | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 412,555 | 96,052 |
Non-impaired | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 708,405 | 719,065 |
Non-impaired | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,216,434 | 1,161,396 |
Non-impaired | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 247,241 | 390,941 |
Non-impaired | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 118,907 | 135,630 |
Non-impaired | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 3,427,116 | 1,900,958 | |
Impaired | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,427,116 | 1,900,958 |
Impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,189,208 | 822,789 |
Impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 7,042 | 1,000 |
Impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 7,817 | 7,052 |
Impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,055 | 4,194 |
Impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 8,562 | 4,605 |
Impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,162,732 | 805,938 |
Impaired | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 731,446 | 603,842 |
Impaired | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 6,789 | 8,155 |
Impaired | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 34,896 | 29,304 |
Impaired | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 9,012 | 11,366 |
Impaired | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 8,352 | 9,722 |
Impaired | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 672,397 | 545,295 |
Impaired | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 506,462 | 474,327 |
Impaired | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 506,462 | 474,327 |
Impaired | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | ₩ 0 | ₩ 0 | |
[1] | Before netting of allowance |
Financial Risk Management_Credi
Financial Risk Management_Credit Quality Of Loans Graded According To Internal Credit Ratings(Details) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Grade 1 | Bottom Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 0.00% | 0.00% |
Grade 1 | Top Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 1.00% | 1.00% |
Grade 2 | Bottom Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 1.00% | 1.00% |
Grade 2 | Top Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 5.00% | 5.00% |
Grade 3 | Bottom Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 5.00% | 5.00% |
Grade 3 | Top Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 15.00% | 15.00% |
Grade 4 | Bottom Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 15.00% | 15.00% |
Grade 4 | Top Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 30.00% | 30.00% |
Grade 5 | Bottom Of Range Member [Member] | ||
Probability Of Default Line Items [Line Items] | ||
Range of Probability of Default (%) | 30.00% | 30.00% |
Retail | Grade 1 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | 1 ~ 5 grade | 1 ~ 5 grade |
Retail | Grade 2 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | 6 ~ 8 grade | 6 ~ 8 grade |
Retail | Grade 3 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | 9 ~ 10 grade | 9 ~ 10 grade |
Retail | Grade 4 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | 11 grade | 11 grade |
Retail | Grade 5 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | 12 grade or under | 12 grade or under |
Corporate | Grade 1 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | AAA ~ BBB+ | AAA ~ BBB+ |
Corporate | Grade 2 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | BBB ~ BB | BBB ~ BB |
Corporate | Grade 3 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | BB- ~ B | BB- ~ B |
Corporate | Grade 4 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | B- ~ CCC | B- ~ CCC |
Corporate | Grade 5 | ||
Credit Quality Of Loans Line Item [Line Items] | ||
Credit Quality Of Loans | CC or under | CC or under |
Financial Risk Management_The Q
Financial Risk Management_The Quantification Of The Extent To Which Collateral And Other Credit Enhancements Mitigate Credit Risk For Loans(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
12-month expected credit losses | ||
Assets Held As Collateral Permitted To Be Sold Or Repledged At Fair Value Line Items [Line Items] | ||
Guarantees | ₩ 79,088,720 | ₩ 70,183,658 |
Deposits and savings | 5,210,681 | 4,478,032 |
Property and equipment | 11,607,675 | 10,014,552 |
Real estate | 170,171,707 | 155,769,901 |
Total | 266,078,783 | 240,446,143 |
Lifetime expected credit losses | ||
Assets Held As Collateral Permitted To Be Sold Or Repledged At Fair Value Line Items [Line Items] | ||
Guarantees | 85,009,046 | 74,203,219 |
Deposits and savings | 5,427,473 | 4,604,287 |
Property and equipment | 12,536,622 | 10,652,071 |
Real estate | 184,844,858 | 167,027,311 |
Total | 287,817,999 | 256,486,888 |
Non-impaired | ||
Assets Held As Collateral Permitted To Be Sold Or Repledged At Fair Value Line Items [Line Items] | ||
Guarantees | 5,732,814 | 3,839,736 |
Deposits and savings | 149,745 | 118,221 |
Property and equipment | 808,476 | 582,109 |
Real estate | 12,836,286 | 10,839,595 |
Total | 19,527,321 | 15,379,661 |
Impaired | ||
Assets Held As Collateral Permitted To Be Sold Or Repledged At Fair Value Line Items [Line Items] | ||
Guarantees | 187,512 | 179,825 |
Deposits and savings | 67,047 | 8,034 |
Property and equipment | 120,471 | 55,410 |
Real estate | 1,836,865 | 417,815 |
Total | ₩ 2,211,895 | ₩ 661,084 |
Financial Risk Management_The_2
Financial Risk Management_The Credit Quality Of Securities Excluding Equity Securities(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | ₩ 95,330,067 | ₩ 68,905,075 | |
Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 36,873,178 | 25,348,227 |
Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 36,467,719 | 25,147,636 |
Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 359,551 | 157,881 |
Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 45,908 | 42,710 |
Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 58,456,889 | 43,556,848 | |
Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 54,576,777 | 40,206,856 | |
Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 3,746,200 | 3,337,327 | |
Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 126,391 | 12,665 | |
Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 7,521 | 0 | |
Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
12-month expected credit losses | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 95,323,006 | 68,905,075 | |
12-month expected credit losses | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 36,866,117 | 25,348,227 |
12-month expected credit losses | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 36,467,719 | 25,147,636 |
12-month expected credit losses | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 359,551 | 157,881 |
12-month expected credit losses | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 38,847 | 42,710 |
12-month expected credit losses | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
12-month expected credit losses | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 58,456,889 | 43,556,848 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 54,576,777 | 40,206,856 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 3,746,200 | 3,337,327 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 126,391 | 12,665 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 7,521 | 0 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 7,061 | 0 | |
Non-impaired | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 7,061 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 7,061 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | ₩ 0 | ₩ 0 | |
[1] | Before netting of allowance |
Financial Risk Management_The_3
Financial Risk Management_The Credit Quality Of Securities Excluding Equity Securities According To The Credit Ratings By External Rating Agencies(Details) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
KIS | Grade 1 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
KIS | Grade 1 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
KIS | Grade 2 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
KIS | Grade 2 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
KIS | Grade 3 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
KIS | Grade 3 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
KIS | Grade 4 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
KIS | Grade 4 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
KIS | Grade 5 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
NICE P&I | Grade 1 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
NICE P&I | Grade 1 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
NICE P&I | Grade 2 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
NICE P&I | Grade 2 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
NICE P&I | Grade 3 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
NICE P&I | Grade 3 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
NICE P&I | Grade 4 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
NICE P&I | Grade 4 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
NICE P&I | Grade 5 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
KAP | Grade 1 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
KAP | Grade 1 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
KAP | Grade 2 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
KAP | Grade 2 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
KAP | Grade 3 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
KAP | Grade 3 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
KAP | Grade 4 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
KAP | Grade 4 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
KAP | Grade 5 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
FnPricing Inc. | Grade 1 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
FnPricing Inc. | Grade 1 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
FnPricing Inc. | Grade 2 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
FnPricing Inc. | Grade 2 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
FnPricing Inc. | Grade 3 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
FnPricing Inc. | Grade 3 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
FnPricing Inc. | Grade 4 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
FnPricing Inc. | Grade 4 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
FnPricing Inc. | Grade 5 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
S&P | Grade 1 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
S&P | Grade 1 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
S&P | Grade 2 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
S&P | Grade 2 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
S&P | Grade 3 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB | BB |
S&P | Grade 3 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB+ | BB+ |
S&P | Grade 4 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | B+ | B+ |
S&P | Grade 4 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
S&P | Grade 5 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | B | B |
Fitch-IBCA | Grade 1 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
Fitch-IBCA | Grade 1 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
Fitch-IBCA | Grade 2 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
Fitch-IBCA | Grade 2 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
Fitch-IBCA | Grade 3 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB | BB |
Fitch-IBCA | Grade 3 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB+ | BB+ |
Fitch-IBCA | Grade 4 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | B+ | B+ |
Fitch-IBCA | Grade 4 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
Fitch-IBCA | Grade 5 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | B | B |
Moody's | Grade 1 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | A3 | A3 |
Moody's | Grade 1 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | Aaa | Aaa |
Moody's | Grade 2 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | Baa3 | Baa3 |
Moody's | Grade 2 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | Baa1 | Baa1 |
Moody's | Grade 3 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | Ba2 | Ba2 |
Moody's | Grade 3 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | Ba1 | Ba1 |
Moody's | Grade 4 | Bottom Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | B1 | B1 |
Moody's | Grade 4 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | Ba3 | Ba3 |
Moody's | Grade 5 | Top Of Range Member [Member] | ||
Credit Ratings By External Agencies Line Items [Line Items] | ||
Credit Ratings By External Agencies | B2 | B2 |
Financial Risk Management_The_4
Financial Risk Management_The Credit Quality Of Due From Financial Institutions(Details) - Due from financial institutions measured at amortized cost - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | ||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | ₩ 22,723,354 | [1] | ₩ 18,147,672 |
Grade 1 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 21,437,207 | 17,292,966 | |
Grade 2 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 334,371 | 149,927 | |
Grade 3 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 458,831 | 677,249 | |
Grade 4 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 479,142 | 0 | |
Grade 5 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 13,803 | 27,530 | |
12-month expected credit losses | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 22,709,972 | 18,134,133 | |
12-month expected credit losses | Grade 1 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 21,437,207 | 17,292,966 | |
12-month expected credit losses | Grade 2 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 334,371 | 149,927 | |
12-month expected credit losses | Grade 3 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 445,732 | 677,249 | |
12-month expected credit losses | Grade 4 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 479,142 | 0 | |
12-month expected credit losses | Grade 5 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 13,520 | 13,991 | |
Non-impaired | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 13,099 | 13,179 | |
Non-impaired | Grade 1 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Non-impaired | Grade 2 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Non-impaired | Grade 3 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 13,099 | 0 | |
Non-impaired | Grade 4 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Non-impaired | Grade 5 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 13,179 | |
Impaired | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 283 | 360 | |
Impaired | Grade 1 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Impaired | Grade 2 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Impaired | Grade 3 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Impaired | Grade 4 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Impaired | Grade 5 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 283 | 360 | |
Not applying expected credit losses | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Not applying expected credit losses | Grade 1 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Not applying expected credit losses | Grade 2 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Not applying expected credit losses | Grade 3 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Not applying expected credit losses | Grade 4 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | 0 | 0 | |
Not applying expected credit losses | Grade 5 | ||||
Cash And Cash Equivalents Line Items [Line Items] | ||||
Due from financial institutions | [2] | ₩ 0 | ₩ 0 | |
[1] | Amount includes loans measured at fair value through profit or loss, other comprehensive income and amortized cost. | |||
[2] | Before netting of allowance |
Financial Risk Management_A Qua
Financial Risk Management_A Quantification Of The Extent To Which Collateral And Other Credit Enhancements Mitigate Credit Risk For Derivatives(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Collateral Mitigate Credit Risk Of Derivative Abstract [Abstract] | ||
Deposits and savings, securities and others | ₩ 1,651,322 | ₩ 802,170 |
Financial Risk Management_The G
Financial Risk Management_The Groups Regional Loans(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 377,798,376 | ₩ 340,486,702 |
Korea | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 359,031,298 | 331,738,893 |
Europe | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 2,031,838 | 1,114,248 |
China | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 4,498,902 | 3,115,205 |
Japan | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 922,209 | 647,562 |
United States | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 1,940,888 | 2,324,064 |
Cambodia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 3,635,434 | |
Indonesia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 4,481,708 | |
Others | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 1,256,099 | 1,546,730 |
Loans | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 381,081,739 | ₩ 342,894,719 |
% | [1] | 100.00% | 100.00% |
Loans | Korea | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 361,465,000 | ₩ 334,102,225 |
% | [1] | 94.85% | 97.44% |
Loans | Europe | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 2,042,979 | ₩ 1,118,429 |
% | [1] | 0.54% | 0.33% |
Loans | China | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 4,519,391 | ₩ 3,135,859 |
% | [1] | 1.19% | 0.91% |
Loans | Japan | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 923,458 | ₩ 648,138 |
% | [1] | 0.24% | 0.19% |
Loans | United States | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 1,962,377 | ₩ 2,333,269 |
% | [1] | 0.51% | 0.68% |
Loans | Cambodia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 3,725,086 | |
% | 0.98% | ||
Loans | Indonesia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 5,181,655 | |
% | [1] | 1.36% | |
Loans | Others | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 1,261,793 | ₩ 1,556,799 |
% | [1] | 0.33% | 0.45% |
Allowances | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ (3,283,363) | ₩ (2,408,017) |
Allowances | Korea | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (2,433,702) | (2,363,332) |
Allowances | Europe | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (11,141) | (4,181) |
Allowances | China | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (20,489) | (20,654) |
Allowances | Japan | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (1,249) | (576) |
Allowances | United States | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (21,489) | (9,205) |
Allowances | Cambodia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (89,652) | |
Allowances | Indonesia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (699,947) | |
Allowances | Others | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | (5,694) | (10,069) |
Retail | Loans | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 185,700,453 | 166,789,122 |
Retail | Loans | Korea | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 182,344,832 | 166,310,457 |
Retail | Loans | Europe | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Retail | Loans | China | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Retail | Loans | Japan | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 94 | 101 |
Retail | Loans | United States | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Retail | Loans | Cambodia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 1,444,906 | |
Retail | Loans | Indonesia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 1,483,345 | |
Retail | Loans | Others | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 427,276 | 478,564 |
Corporate | Loans | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 176,583,656 | 157,457,187 |
Corporate | Loans | Korea | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 160,385,598 | 149,149,657 |
Corporate | Loans | Europe | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 2,042,979 | 1,118,429 |
Corporate | Loans | China | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 4,518,737 | 3,135,501 |
Corporate | Loans | Japan | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 923,354 | 647,956 |
Corporate | Loans | United States | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 1,962,377 | 2,333,269 |
Corporate | Loans | Cambodia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 2,280,180 | |
Corporate | Loans | Indonesia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 3,637,351 | |
Corporate | Loans | Others | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 833,080 | 1,072,375 |
Credit card | Loans | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 18,797,630 | 18,648,410 |
Credit card | Loans | Korea | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 18,734,570 | 18,642,111 |
Credit card | Loans | Europe | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Credit card | Loans | China | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 654 | 358 |
Credit card | Loans | Japan | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 10 | 81 |
Credit card | Loans | United States | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Credit card | Loans | Cambodia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 0 | |
Credit card | Loans | Indonesia | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | 60,959 | |
Credit card | Loans | Others | |||
Group Regional Loans Line Items [Line Items] | |||
Loans And Receivables | [1] | ₩ 1,437 | ₩ 5,860 |
[1] | Amount includes loans measured at fair value through profit or loss, other comprehensive income and amortized cost. |
Financial Risk Management_The_5
Financial Risk Management_The Groups Industrial Corporate Loans(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 174,911,877 | ₩ 156,500,201 |
Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 176,583,656 | ₩ 157,457,187 |
% | 100.00% | 100.00% |
Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (1,671,779) | ₩ (956,986) |
Financial institutions | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | 16,023,256 | 16,390,585 |
Financial institutions | Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 16,044,243 | ₩ 16,405,404 |
% | 9.09% | 10.42% |
Financial institutions | Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (20,987) | ₩ (14,819) |
Manufacturing | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | 45,411,246 | 42,871,179 |
Manufacturing | Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 45,884,606 | ₩ 43,265,607 |
% | 25.98% | 27.48% |
Manufacturing | Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (473,360) | ₩ (394,428) |
Service | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | 75,616,784 | 65,082,496 |
Service | Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 76,001,877 | ₩ 65,277,701 |
% | 43.04% | 41.46% |
Service | Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (385,093) | ₩ (195,205) |
Wholesale & Retail | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | 22,888,436 | 18,494,489 |
Wholesale & Retail | Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 23,129,457 | ₩ 18,593,540 |
% | 13.10% | 11.81% |
Wholesale & Retail | Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (241,021) | ₩ (99,051) |
Construction | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | 4,206,995 | 3,485,061 |
Construction | Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 4,397,814 | ₩ 3,679,798 |
% | 2.49% | 2.34% |
Construction | Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (190,819) | ₩ (194,737) |
Public sector | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | 1,585,531 | 1,248,825 |
Public sector | Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 1,660,370 | ₩ 1,250,909 |
% | 0.94% | 0.79% |
Public sector | Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (74,839) | ₩ (2,084) |
Others | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | 9,179,629 | 8,927,566 |
Others | Loans | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ 9,465,289 | ₩ 8,984,228 |
% | 5.36% | 5.70% |
Others | Allowances | ||
Industrial Corporate Loans Line Items[Line Items] | ||
Corporate Loans | ₩ (285,660) | ₩ (56,662) |
Financial Risk Management_Types
Financial Risk Management_Types Of The Groups Retail And Credit Card Loans(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ 202,886,499 | ₩ 183,986,501 |
Loans | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ 204,498,083 | ₩ 185,437,532 |
Portionof Retail And Credit Card Loans | 100.00% | 100.00% |
Allowances | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ (1,611,584) | ₩ (1,451,031) |
Housing | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | 87,250,897 | 78,068,242 |
Housing | Loans | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ 87,312,052 | ₩ 78,102,637 |
Portionof Retail And Credit Card Loans | 42.70% | 42.12% |
Housing | Allowances | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ (61,155) | ₩ (34,395) |
General | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | 97,539,468 | 88,009,558 |
General | Loans | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ 98,388,401 | ₩ 88,686,485 |
Portionof Retail And Credit Card Loans | 48.11% | 47.83% |
General | Allowances | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ (848,933) | ₩ (676,927) |
Credit card | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | 18,096,134 | 17,908,701 |
Credit card | Loans | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ 18,797,630 | ₩ 18,648,410 |
Portionof Retail And Credit Card Loans | 9.19% | 10.05% |
Credit card | Allowances | ||
Retail And Credit Card Loans Line Items[Line Items] | ||
Retail And Credit Card Loans | ₩ (701,496) | ₩ (739,709) |
Financial Risk Management_The_6
Financial Risk Management_The Groups Credit Risk Industrial Concentration Due From Financial Institutions And Securities Excluding Equity Securities And Derivative(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 182,107,787 | ₩ 141,174,929 |
Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 182,114,000 | 141,181,313 |
Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (6,213) | (6,384) |
Due From Financial Institutions At Amortized Cost | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 22,720,091 | 18,142,960 |
Due From Financial Institutions At Amortized Cost | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 22,720,091 | 18,142,960 |
Due From Financial Institutions At Amortized Cost | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 22,723,354 | ₩ 18,147,672 |
% | 100.00% | 100.00% |
Due From Financial Institutions At Amortized Cost | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 22,723,354 | ₩ 18,147,672 |
% | 100.00% | 100.00% |
Due From Financial Institutions At Amortized Cost | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (3,263) | ₩ (4,712) |
Due From Financial Institutions At Amortized Cost | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (3,263) | (4,712) |
Due from financial institutions measured at fair value through profit or loss | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 100,094 | 216,367 |
Due from financial institutions measured at fair value through profit or loss | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 100,094 | 216,367 |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 100,094 | ₩ 216,367 |
% | 100.00% | 100.00% |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 100,094 | ₩ 216,367 |
% | 100.00% | 100.00% |
Due from financial institutions measured at fair value through profit or loss | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Due from financial institutions measured at fair value through profit or loss | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 58,415,100 | 50,721,526 |
Securities measured at fair value through profit or loss | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 16,902,284 | 11,937,703 |
Securities measured at fair value through profit or loss | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 34,244,398 | 32,475,354 |
Securities measured at fair value through profit or loss | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 7,268,418 | 6,308,469 |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 58,415,100 | ₩ 50,721,526 |
% | 100.00% | 100.00% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 16,902,284 | ₩ 11,937,703 |
% | 28.94% | 23.53% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 34,244,398 | ₩ 32,475,354 |
% | 58.62% | 64.03% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 7,268,418 | ₩ 6,308,469 |
% | 12.44% | 12.44% |
Securities measured at fair value through profit or loss | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through profit or loss | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 5,545,385 | 3,190,673 |
Derivative financial assets | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 44,670 | 7,330 |
Derivative financial assets | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 4,925,535 | 3,003,371 |
Derivative financial assets | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 575,180 | 179,972 |
Derivative financial assets | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 5,545,385 | ₩ 3,190,673 |
% | 100.00% | 100.00% |
Derivative financial assets | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 44,670 | ₩ 7,330 |
% | 0.81% | 0.23% |
Derivative financial assets | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 4,925,535 | ₩ 3,003,371 |
% | 88.82% | 94.13% |
Derivative financial assets | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 575,180 | ₩ 179,972 |
% | 10.37% | 5.64% |
Derivative financial assets | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Derivative financial assets | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 58,456,889 | 43,556,848 |
Securities measured at fair value through other comprehensive income | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 26,205,864 | 16,744,232 |
Securities measured at fair value through other comprehensive income | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 24,847,602 | 21,439,272 |
Securities measured at fair value through other comprehensive income | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 7,403,423 | 5,373,344 |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 58,456,889 | ₩ 43,556,848 |
% | 100.00% | 100.00% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 26,205,864 | ₩ 16,744,232 |
% | 44.83% | 38.44% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 24,847,602 | ₩ 21,439,272 |
% | 42.51% | 49.22% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 7,403,423 | ₩ 5,373,344 |
% | 12.66% | 12.34% |
Securities measured at fair value through other comprehensive income | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through other comprehensive income | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at amortized cost | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 36,870,228 | 25,346,555 |
Securities measured at amortized cost | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 24,018,854 | 11,115,398 |
Securities measured at amortized cost | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 11,017,436 | 12,278,534 |
Securities measured at amortized cost | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,833,938 | 1,952,623 |
Securities measured at amortized cost | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 36,873,178 | ₩ 25,348,227 |
% | 100.00% | 100.00% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 24,018,884 | ₩ 11,115,435 |
% | 65.14% | 43.86% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 11,019,911 | ₩ 12,279,883 |
% | 29.89% | 48.44% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,834,383 | ₩ 1,952,909 |
% | 4.97% | 7.70% |
Securities measured at amortized cost | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (2,950) | ₩ (1,672) |
Securities measured at amortized cost | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (30) | (37) |
Securities measured at amortized cost | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (2,475) | (1,349) |
Securities measured at amortized cost | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (445) | ₩ (286) |
Financial Risk Management_The_7
Financial Risk Management_The Groups Credit Risk Regional Concentration Due From Financial Institutions And Securities Excluding Equity Securities And Derivative(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 182,107,787 | ₩ 141,174,929 |
Gross Carrying Amount [Member] | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 182,114,000 | 141,181,313 |
Allowances | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (6,213) | (6,384) |
Due from financial institutions measured at amortized cost | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 22,720,091 | 18,142,960 |
Due from financial institutions measured at amortized cost | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 16,535,242 | 13,864,132 |
Due from financial institutions measured at amortized cost | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,030,331 | 1,318,581 |
Due from financial institutions measured at amortized cost | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 4,154,518 | 2,960,247 |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 22,723,354 | ₩ 18,147,672 |
% | 100.00% | 100.00% |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 16,535,849 | ₩ 13,864,687 |
% | 72.78% | 76.40% |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,030,614 | ₩ 1,318,582 |
% | 8.94% | 7.27% |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 4,156,891 | ₩ 2,964,403 |
% | 18.28% | 16.33% |
Due from financial institutions measured at amortized cost | Allowances | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (3,263) | ₩ (4,712) |
Due from financial institutions measured at amortized cost | Allowances | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (607) | (555) |
Due from financial institutions measured at amortized cost | Allowances | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (283) | (1) |
Due from financial institutions measured at amortized cost | Allowances | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (2,373) | (4,156) |
Due from financial institutions measured at fair value through profit or loss | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 100,094 | 216,367 |
Due from financial institutions measured at fair value through profit or loss | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 100,094 | 216,367 |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 100,094 | ₩ 216,367 |
% | 100.00% | 100.00% |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 100,094 | ₩ 216,367 |
% | 100.00% | 100.00% |
Due from financial institutions measured at fair value through profit or loss | Allowances | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Due from financial institutions measured at fair value through profit or loss | Allowances | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 58,415,100 | 50,721,526 |
Securities measured at fair value through profit or loss | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 53,991,978 | 46,413,061 |
Securities measured at fair value through profit or loss | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,370,538 | 1,939,330 |
Securities measured at fair value through profit or loss | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,052,584 | 2,369,135 |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 58,415,100 | ₩ 50,721,526 |
% | 100.00% | 100.00% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 53,991,978 | ₩ 46,413,061 |
% | 92.43% | 91.51% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,370,538 | ₩ 1,939,330 |
% | 4.06% | 3.82% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,052,584 | ₩ 2,369,135 |
% | 3.51% | 4.67% |
Securities measured at fair value through profit or loss | Allowances | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through profit or loss | Allowances | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 5,545,385 | 3,190,673 |
Derivative financial assets | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,885,214 | 1,440,349 |
Derivative financial assets | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 706,866 | 529,956 |
Derivative financial assets | France | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 358,951 | |
Derivative financial assets | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,953,305 | 861,417 |
Derivative financial assets | Gross Carrying Amount [Member] | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 5,545,385 | ₩ 3,190,673 |
% | 100.00% | 100.00% |
Derivative financial assets | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,885,214 | ₩ 1,440,349 |
% | 52.03% | 45.14% |
Derivative financial assets | Gross Carrying Amount [Member] | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 706,866 | ₩ 529,956 |
% | 12.75% | 16.61% |
Derivative financial assets | Gross Carrying Amount [Member] | France | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 358,951 | |
% | 11.25% | |
Derivative financial assets | Gross Carrying Amount [Member] | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,953,305 | ₩ 861,417 |
% | 35.22% | 27.00% |
Derivative financial assets | Allowances | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Derivative financial assets | Allowances | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | France | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 58,456,889 | 43,556,848 |
Securities measured at fair value through other comprehensive income | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 54,786,461 | 40,948,853 |
Securities measured at fair value through other comprehensive income | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 942,151 | 687,243 |
Securities measured at fair value through other comprehensive income | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,728,277 | 1,920,752 |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 58,456,889 | ₩ 43,556,848 |
% | 100.00% | 100.00% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 54,786,461 | ₩ 40,948,853 |
% | 93.72% | 94.01% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 942,151 | ₩ 687,243 |
% | 1.61% | 1.58% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,728,277 | ₩ 1,920,752 |
% | 4.67% | 4.41% |
Securities measured at fair value through other comprehensive income | Allowances | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through other comprehensive income | Allowances | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at amortized cost | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 36,870,228 | 25,346,555 |
Securities measured at amortized cost | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 34,543,589 | 22,590,507 |
Securities measured at amortized cost | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,049,146 | 1,312,724 |
Securities measured at amortized cost | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,277,493 | 1,443,324 |
Securities measured at amortized cost | Gross Carrying Amount [Member] | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 36,873,178 | ₩ 25,348,227 |
% | 100.00% | 100.00% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 34,545,872 | ₩ 22,591,541 |
% | 93.69% | 89.12% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,049,387 | ₩ 1,312,941 |
% | 2.85% | 5.18% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,277,919 | ₩ 1,443,745 |
% | 3.46% | 5.70% |
Securities measured at amortized cost | Allowances | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (2,950) | ₩ (1,672) |
Securities measured at amortized cost | Allowances | Korea | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (2,283) | (1,034) |
Securities measured at amortized cost | Allowances | United States | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (241) | (217) |
Securities measured at amortized cost | Allowances | Others | ||
Groups Regional Securities Excluding Equity Securities And Derivatives Line Items[Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (426) | ₩ (421) |
Financial Risk Management_The R
Financial Risk Management_The Remaining Contractual Maturity Of Financial Assets And Liabilities Excluding Derivatives Held For Cash Flow Hedging(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | ₩ 627,962,892 | ₩ 539,836,206 | |
Cash and due from financial institutions | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [1] | 10,358,084 | 7,488,979 |
Cash Flow Of Restricted Due From Financial Institutions | 15,331,515 | 13,394,627 | |
Financial assets at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 61,576,339 | 54,642,998 | |
Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [2] | 5,210,512 | 3,008,598 |
Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [3] | 275,876 | 170,126 |
Loans measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 423,652,655 | 385,303,297 | |
Financial assets at fair value through other comprehensive income | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 67,806,453 | 48,904,078 |
Securities measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 45,876,958 | 32,038,787 |
Other financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 13,206,015 | 8,279,343 | |
Financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 500,715,969 | 439,430,974 | |
Financial liabilities at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 2,025,952 | 2,663,327 |
Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 9,784,107 | 12,704,826 |
Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 5,014,072 | 2,842,950 |
Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 104,697 | 52,177 |
Deposits | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [5] | 341,482,538 | 309,872,773 |
Borrowings Related To Liquidity Risk | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 50,160,304 | 38,182,349 | |
Debentures | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 65,678,525 | 53,543,752 | |
Lease liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 591,952 | 577,522 | |
Other financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 25,873,822 | 18,991,298 | |
Off-balance sheet items | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 172,647,379 | 155,645,005 | |
Acceptances And Guarantees Contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 8,548,928 | ||
Financial guarantee contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [6] | 4,964,468 | 3,847,390 |
Commitments | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [7] | 159,133,983 | 151,797,615 |
On demand | Financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 78,665,119 | 65,901,703 | |
On demand | Cash and due from financial institutions | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [1] | 7,186,004 | 5,323,332 |
On demand | Financial assets at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 60,520,103 | 52,488,545 | |
On demand | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [2] | 5,210,512 | 3,008,598 |
On demand | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [3] | 0 | 0 |
On demand | Loans measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 3,126,366 | 2,908,095 | |
On demand | Financial assets at fair value through other comprehensive income | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 2,532,279 | 2,101,605 |
On demand | Securities measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 0 | 0 |
On demand | Other financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 89,855 | 71,528 | |
On demand | Financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 208,505,795 | 167,244,458 | |
On demand | Financial liabilities at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 2,025,952 | 2,663,327 |
On demand | Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 9,784,107 | 12,704,826 |
On demand | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 5,014,072 | 2,842,950 |
On demand | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 0 | 0 |
On demand | Deposits | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [5] | 182,111,594 | 141,821,986 |
On demand | Borrowings Related To Liquidity Risk | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 9,333,894 | 7,074,508 | |
On demand | Debentures | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 18,105 | 22,285 | |
On demand | Lease liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 205 | 256 | |
On demand | Other financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 217,866 | 114,320 | |
On demand | Off-balance sheet items | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 172,647,379 | 155,645,005 | |
On demand | Acceptances And Guarantees Contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 8,548,928 | ||
On demand | Financial guarantee contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [6] | 4,964,468 | 3,847,390 |
On demand | Commitments | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [7] | 159,133,983 | 151,797,615 |
Up to 1 month | Financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 44,356,445 | 42,638,440 | |
Up to 1 month | Cash and due from financial institutions | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [1] | 1,449,949 | 1,038,805 |
Up to 1 month | Financial assets at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 242,664 | 446,069 | |
Up to 1 month | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [2] | 0 | 0 |
Up to 1 month | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [3] | 9,371 | 4,892 |
Up to 1 month | Loans measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 29,240,531 | 33,042,040 | |
Up to 1 month | Financial assets at fair value through other comprehensive income | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 896,523 | 526,465 |
Up to 1 month | Securities measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 1,003,104 | 1,002,164 |
Up to 1 month | Other financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 11,514,303 | 6,578,005 | |
Up to 1 month | Financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 61,923,070 | 49,872,191 | |
Up to 1 month | Financial liabilities at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
Up to 1 month | Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
Up to 1 month | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
Up to 1 month | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 3,123 | 14,764 |
Up to 1 month | Deposits | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [5] | 17,207,360 | 17,180,492 |
Up to 1 month | Borrowings Related To Liquidity Risk | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 17,730,230 | 12,341,516 | |
Up to 1 month | Debentures | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 2,806,105 | 2,652,730 | |
Up to 1 month | Lease liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 22,372 | 19,304 | |
Up to 1 month | Other financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 24,153,880 | 17,663,385 | |
Up to 1 month | Off-balance sheet items | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
Up to 1 month | Acceptances And Guarantees Contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | ||
Up to 1 month | Financial guarantee contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [6] | 0 | 0 |
Up to 1 month | Commitments | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [7] | 0 | 0 |
1-3 montshs | Financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 40,935,229 | 36,912,087 | |
1-3 montshs | Cash and due from financial institutions | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [1] | 469,858 | 286,091 |
1-3 montshs | Financial assets at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 83,408 | 273,144 | |
1-3 montshs | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [2] | 0 | 0 |
1-3 montshs | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [3] | 32,816 | 20,216 |
1-3 montshs | Loans measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 35,862,097 | 32,668,128 | |
1-3 montshs | Financial assets at fair value through other comprehensive income | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 1,556,600 | 1,403,884 |
1-3 montshs | Securities measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 2,724,223 | 2,080,834 |
1-3 montshs | Other financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 206,227 | 179,790 | |
1-3 montshs | Financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 40,432,762 | 34,410,292 | |
1-3 montshs | Financial liabilities at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
1-3 montshs | Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
1-3 montshs | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
1-3 montshs | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 4,120 | 15,588 |
1-3 montshs | Deposits | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [5] | 28,485,765 | 27,300,542 |
1-3 montshs | Borrowings Related To Liquidity Risk | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 4,923,897 | 3,057,980 | |
1-3 montshs | Debentures | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 6,769,859 | 3,812,476 | |
1-3 montshs | Lease liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 40,376 | 35,730 | |
1-3 montshs | Other financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 208,745 | 187,976 | |
1-3 montshs | Off-balance sheet items | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
1-3 montshs | Acceptances And Guarantees Contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | ||
1-3 montshs | Financial guarantee contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [6] | 0 | 0 |
1-3 montshs | Commitments | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [7] | 0 | 0 |
3-12 months | Financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 151,208,626 | 140,008,538 | |
3-12 months | Cash and due from financial institutions | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [1] | 1,217,217 | 822,123 |
3-12 months | Financial assets at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 25,658 | 187,821 | |
3-12 months | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [2] | 0 | 0 |
3-12 months | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [3] | 74,364 | 37,441 |
3-12 months | Loans measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 135,526,320 | 125,125,270 | |
3-12 months | Financial assets at fair value through other comprehensive income | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 10,523,465 | 6,761,533 |
3-12 months | Securities measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 2,567,726 | 5,700,500 |
3-12 months | Other financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 1,273,876 | 1,373,850 | |
3-12 months | Financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 124,371,254 | 130,819,629 | |
3-12 months | Financial liabilities at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
3-12 months | Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
3-12 months | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
3-12 months | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 62,147 | 1,652 |
3-12 months | Deposits | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [5] | 99,879,946 | 110,410,809 |
3-12 months | Borrowings Related To Liquidity Risk | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 9,617,100 | 8,994,817 | |
3-12 months | Debentures | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 14,330,686 | 11,062,873 | |
3-12 months | Lease liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 152,084 | 137,419 | |
3-12 months | Other financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 329,291 | 212,059 | |
3-12 months | Off-balance sheet items | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
3-12 months | Acceptances And Guarantees Contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | ||
3-12 months | Financial guarantee contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [6] | 0 | 0 |
3-12 months | Commitments | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [7] | 0 | 0 |
1~5 years | Financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 161,540,493 | 136,109,923 | |
1~5 years | Cash and due from financial institutions | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [1] | 35,056 | 18,628 |
1~5 years | Financial assets at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 142,547 | 236,130 | |
1~5 years | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [2] | 0 | 0 |
1~5 years | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [3] | 70,863 | 41,401 |
1~5 years | Loans measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 116,211,931 | 94,802,566 | |
1~5 years | Financial assets at fair value through other comprehensive income | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 35,347,644 | 33,604,010 |
1~5 years | Securities measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 9,658,717 | 7,366,945 |
1~5 years | Other financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 73,735 | 40,243 | |
1~5 years | Financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 56,378,541 | 49,265,152 | |
1~5 years | Financial liabilities at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
1~5 years | Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
1~5 years | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
1~5 years | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 35,198 | 20,044 |
1~5 years | Deposits | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [5] | 12,133,364 | 10,804,440 |
1~5 years | Borrowings Related To Liquidity Risk | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 7,616,809 | 4,950,294 | |
1~5 years | Debentures | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 35,512,544 | 32,477,672 | |
1~5 years | Lease liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 332,033 | 318,781 | |
1~5 years | Other financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 748,593 | 693,921 | |
1~5 years | Off-balance sheet items | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
1~5 years | Acceptances And Guarantees Contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | ||
1~5 years | Financial guarantee contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [6] | 0 | 0 |
1~5 years | Commitments | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [7] | 0 | 0 |
Over 5 years | Financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 151,256,980 | 118,265,515 | |
Over 5 years | Cash and due from financial institutions | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [1] | 0 | 0 |
Over 5 years | Financial assets at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 561,959 | 1,011,289 | |
Over 5 years | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [2] | 0 | 0 |
Over 5 years | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [3] | 88,462 | 66,176 |
Over 5 years | Loans measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 103,685,410 | 96,757,198 | |
Over 5 years | Financial assets at fair value through other comprehensive income | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 16,949,942 | 4,506,581 |
Over 5 years | Securities measured at amortized cost | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | [4] | 29,923,188 | 15,888,344 |
Over 5 years | Other financial assets | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Assets Held For Managing Liquidity Risk | 48,019 | 35,927 | |
Over 5 years | Financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 9,104,547 | 7,819,252 | |
Over 5 years | Financial liabilities at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
Over 5 years | Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
Over 5 years | Derivatives held for trading | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
Over 5 years | Derivatives held for hedging | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 109 | 129 |
Over 5 years | Deposits | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | [5] | 1,664,509 | 2,354,504 |
Over 5 years | Borrowings Related To Liquidity Risk | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 938,374 | 1,763,234 | |
Over 5 years | Debentures | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 6,241,226 | 3,515,716 | |
Over 5 years | Lease liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 44,882 | 66,032 | |
Over 5 years | Other financial liabilities | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Financial Liability Held For Managing Liquidity Risk | 215,447 | 119,637 | |
Over 5 years | Off-balance sheet items | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
Over 5 years | Acceptances And Guarantees Contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | ||
Over 5 years | Financial guarantee contracts | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [6] | 0 | 0 |
Over 5 years | Commitments | |||
Disclosure Of Maturity Analysis For Financial Assets Held For Managing Liquidity Risk Line Items [Line Items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [7] | ₩ 0 | ₩ 0 |
[1] | Restricted due from financial instruments amounting to KRW 13,394,627 million and KRW 15,331,515 million are excluded as of December 31, 2019 and 2020, respectively. | ||
[2] | Financial liabilities measured or designated at fair value through profit or loss and derivatives held for trading are not managed by contractual maturity because they are expected to be traded or redeemed before maturity. Therefore, the carrying amounts of those financial instruments are included in the 'On demand' category. | ||
[3] | Cash flows of derivative instruments held for hedging are shown at net amounts of cash inflows and outflows by remaining contractual maturity. | ||
[4] | Equity securities designated as financial assets at fair value through other comprehensive income are included in the 'On demand' category because most are available for sale at any time. However, equity securities restricted from sale, are included in the category corresponding to the date on which the restriction is lifted. | ||
[5] | Deposits that are contractually repayable on demand or on short notice are included in the 'On demand' category. | ||
[6] | Cash flows under financial guarantee contracts are classified based on the earliest period that the contract can be executed. | ||
[7] | Commitments are included in the 'On demand' category because payments can be requested at any time. |
Financial Risk Management_The_8
Financial Risk Management_The Contractual Cash Flows Of Derivatives Held For Cash Flow Hedging(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Maturity Analysis For Derivative Financial Liabilities Line Items [Line Items] | ||
Cash flow to be received (paid) of net-settled derivatives | ₩ (46,847) | ₩ (17,009) |
Cash flow to be received of gross-settled derivatives | 3,112,609 | 2,760,970 |
Cash flow to be paid of gross-settled derivatives | (2,450,185) | (2,844,337) |
Up to 1 month | ||
Disclosure Of Maturity Analysis For Derivative Financial Liabilities Line Items [Line Items] | ||
Cash flow to be received (paid) of net-settled derivatives | (1,082) | (639) |
Cash flow to be received of gross-settled derivatives | 85,064 | 14,119 |
Cash flow to be paid of gross-settled derivatives | (88,952) | (18,171) |
1-3 montshs | ||
Disclosure Of Maturity Analysis For Derivative Financial Liabilities Line Items [Line Items] | ||
Cash flow to be received (paid) of net-settled derivatives | (5,569) | (1,831) |
Cash flow to be received of gross-settled derivatives | 220,339 | 200,170 |
Cash flow to be paid of gross-settled derivatives | (221,261) | (199,141) |
3-12 months | ||
Disclosure Of Maturity Analysis For Derivative Financial Liabilities Line Items [Line Items] | ||
Cash flow to be received (paid) of net-settled derivatives | (15,132) | (5,021) |
Cash flow to be received of gross-settled derivatives | 517,929 | 657,909 |
Cash flow to be paid of gross-settled derivatives | (523,442) | (671,375) |
1~5 years | ||
Disclosure Of Maturity Analysis For Derivative Financial Liabilities Line Items [Line Items] | ||
Cash flow to be received (paid) of net-settled derivatives | (25,354) | (10,602) |
Cash flow to be received of gross-settled derivatives | 2,289,277 | 1,888,772 |
Cash flow to be paid of gross-settled derivatives | (1,616,530) | (1,955,650) |
Over 5 years | ||
Disclosure Of Maturity Analysis For Derivative Financial Liabilities Line Items [Line Items] | ||
Cash flow to be received (paid) of net-settled derivatives | 290 | 1,084 |
Cash flow to be received of gross-settled derivatives | 0 | 0 |
Cash flow to be paid of gross-settled derivatives | ₩ 0 | ₩ 0 |
Financial Risk Management_Value
Financial Risk Management_Value At Risk(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Kookmin Bank | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | ₩ 105,428 | ₩ 17,545 |
Kookmin Bank | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 14,225 | 13,641 |
Kookmin Bank | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 158,798 | 24,849 |
Kookmin Bank | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 117,634 | 20,377 |
Kookmin Bank | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 59,147 | 11,190 |
Kookmin Bank | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 9,588 | 1,725 |
Kookmin Bank | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 105,983 | 20,467 |
Kookmin Bank | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 50,795 | 16,628 |
Kookmin Bank | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 15,379 | 3,434 |
Kookmin Bank | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 3,787 | 2,402 |
Kookmin Bank | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 24,821 | 4,310 |
Kookmin Bank | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 24,821 | 3,914 |
Kookmin Bank | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 36,281 | 15,760 |
Kookmin Bank | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 5,302 | 11,416 |
Kookmin Bank | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 67,766 | 20,704 |
Kookmin Bank | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 49,338 | 13,081 |
Kookmin Bank | Deduction of diversification effect | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 0 |
Kookmin Bank | Deduction of diversification effect | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 0 |
Kookmin Bank | Deduction of diversification effect | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 0 |
Kookmin Bank | Deduction of diversification effect | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | (7,320) | (13,246) |
KB Securities Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 938,968 | 784,652 |
KB Securities Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 797,452 | 685,267 |
KB Securities Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,095,145 | 870,269 |
KB Securities Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 979,949 | 855,853 |
KB Securities Co., Ltd. | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 656,651 | 520,681 |
KB Securities Co., Ltd. | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 575,053 | 460,539 |
KB Securities Co., Ltd. | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 755,704 | 563,991 |
KB Securities Co., Ltd. | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 755,704 | 563,991 |
KB Securities Co., Ltd. | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 267,186 | 248,183 |
KB Securities Co., Ltd. | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 213,639 | 217,149 |
KB Securities Co., Ltd. | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 317,478 | 282,584 |
KB Securities Co., Ltd. | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 213,639 | 270,443 |
KB Securities Co., Ltd. | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 15,113 | 15,785 |
KB Securities Co., Ltd. | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 8,759 | 7,578 |
KB Securities Co., Ltd. | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 21,907 | 23,674 |
KB Securities Co., Ltd. | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 10,588 | 21,418 |
KB Securities Co., Ltd. | Commodity risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 18 | 3 |
KB Securities Co., Ltd. | Commodity risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1 | 1 |
KB Securities Co., Ltd. | Commodity risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 56 | 20 |
KB Securities Co., Ltd. | Commodity risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 18 | 1 |
KB Insurance Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 32,211 | 26,711 |
KB Insurance Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 26,341 | 18,354 |
KB Insurance Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 36,991 | 32,454 |
KB Insurance Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 35,946 | 29,392 |
KB Insurance Co., Ltd. | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 5,682 | 3,418 |
KB Insurance Co., Ltd. | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 2,850 | 2,201 |
KB Insurance Co., Ltd. | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,652 | 4,904 |
KB Insurance Co., Ltd. | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,055 | 3,252 |
KB Insurance Co., Ltd. | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 26,529 | 23,293 |
KB Insurance Co., Ltd. | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 23,491 | 16,153 |
KB Insurance Co., Ltd. | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 29,339 | 27,550 |
KB Insurance Co., Ltd. | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 28,891 | 26,140 |
KB Life Insurance Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 3,054 | 2,630 |
KB Life Insurance Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,784 | 1,295 |
KB Life Insurance Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 4,389 | 3,597 |
KB Life Insurance Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 2,743 | 2,038 |
KB Life Insurance Co., Ltd. | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 3,054 | 2,630 |
KB Life Insurance Co., Ltd. | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,784 | 1,295 |
KB Life Insurance Co., Ltd. | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 4,389 | 3,597 |
KB Life Insurance Co., Ltd. | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 2,743 | 2,038 |
KB Investment Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 13,017 | 7,452 |
KB Investment Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 10,167 | 4,072 |
KB Investment Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 20,213 | 10,480 |
KB Investment Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 17,908 | 9,988 |
KB Investment Co., Ltd. | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,153 | 0 |
KB Investment Co., Ltd. | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 0 |
KB Investment Co., Ltd. | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,588 | 0 |
KB Investment Co., Ltd. | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 6,253 | 0 |
KB Investment Co., Ltd. | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 11,864 | 7,452 |
KB Investment Co., Ltd. | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 10,167 | 4,072 |
KB Investment Co., Ltd. | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 12,625 | 10,480 |
KB Investment Co., Ltd. | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 11,655 | 9,988 |
KB Kookmin Card Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 2,712 | 235 |
KB Kookmin Card Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 169 | 187 |
KB Kookmin Card Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,861 | 264 |
KB Kookmin Card Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,546 | 187 |
KB Kookmin Card Co., Ltd. | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 2,712 | |
KB Kookmin Card Co., Ltd. | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 169 | |
KB Kookmin Card Co., Ltd. | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,861 | |
KB Kookmin Card Co., Ltd. | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,546 | |
Prudential Life Insurance Company of Korea Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
Prudential Life Insurance Company of Korea Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
Prudential Life Insurance Company of Korea Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
Prudential Life Insurance Company of Korea Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
Prudential Life Insurance Company of Korea Ltd. | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
Prudential Life Insurance Company of Korea Ltd. | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
Prudential Life Insurance Company of Korea Ltd. | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
Prudential Life Insurance Company of Korea Ltd. | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 7,977 | |
KB Capital Co.,Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 810 | 410 |
KB Capital Co.,Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 297 | 327 |
KB Capital Co.,Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,315 | 464 |
KB Capital Co.,Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 896 | 327 |
KB Capital Co.,Ltd. | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 810 | |
KB Capital Co.,Ltd. | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 297 | |
KB Capital Co.,Ltd. | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,315 | |
KB Capital Co.,Ltd. | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 896 | |
KB Real Estate Trust Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 399 | 145 |
KB Real Estate Trust Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 0 |
KB Real Estate Trust Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 435 | 435 |
KB Real Estate Trust Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 435 |
KB Real Estate Trust Co., Ltd. | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 399 | |
KB Real Estate Trust Co., Ltd. | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | |
KB Real Estate Trust Co., Ltd. | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 435 | |
KB Real Estate Trust Co., Ltd. | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | |
KB Asset Management Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 5,492 | 4,698 |
KB Asset Management Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,208 | 2,529 |
KB Asset Management Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 13,596 | 8,913 |
KB Asset Management Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,141 | 7,119 |
KB Asset Management Co., Ltd. | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,298 | 417 |
KB Asset Management Co., Ltd. | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 202 |
KB Asset Management Co., Ltd. | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 2,589 | 1,238 |
KB Asset Management Co., Ltd. | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 509 |
KB Asset Management Co., Ltd. | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 3,382 | 3,456 |
KB Asset Management Co., Ltd. | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 1,965 |
KB Asset Management Co., Ltd. | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 9,484 | 6,248 |
KB Asset Management Co., Ltd. | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 0 | 6,248 |
KB Asset Management Co., Ltd. | Foreign exchange rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 812 | 825 |
KB Asset Management Co., Ltd. | Foreign exchange rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,208 | 362 |
KB Asset Management Co., Ltd. | Foreign exchange rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | 1,523 | 1,427 |
KB Asset Management Co., Ltd. | Foreign exchange rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value At Risk | ₩ 1,141 | ₩ 362 |
Financial Risk Management_Requi
Financial Risk Management_Required Equity Capital Not Measured By Value At Risk(Details) - Kookmin Bank - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | ₩ 71,316 | ₩ 87,535 |
Interest rate risk | ||
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | 40,290 | 83,731 |
Stock price risk | ||
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | 7,088 | 1,954 |
Foreign exchange rate risk | ||
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | ₩ 23,938 | ₩ 1,850 |
Financial Risk Management_Chang
Financial Risk Management_Change In Equity And Earnings From Interest Rate Risk(Details) - Kookmin Bank - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Scenario 1 (Parallel Rise) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | ₩ 544,087 | ₩ 483,207 |
Changes In Net Interest Income | 415,339 | 152,013 |
Scenario 2 (Parallel Decline) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | 0 | 31,718 |
Changes In Net Interest Income | 0 | 9,717 |
Scenario 3 (Short-Term Decline, Long-Term Rise) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | 245,337 | 257,756 |
Changes In Net Interest Income | 0 | 0 |
Scenario 4 (Short-Term Rise, Long-Term Decline) [Member] | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | 423,673 | 411,237 |
Changes In Net Interest Income | 0 | 0 |
Scenario 5 (Short-Term Rise) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | 466,220 | 378,380 |
Changes In Net Interest Income | 0 | 0 |
Scenario 6 (Short-Term Decline) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | 480,246 | 492,047 |
Changes In Net Interest Income | 0 | 0 |
Maximum of 6 scenarios | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | 544,087 | 492,047 |
Changes In Net Interest Income | 415,339 | 152,013 |
Basic Capital | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes In The Economic Value Of Equity | 28,234,310 | 27,609,684 |
Changes In Net Interest Income | ₩ 0 | ₩ 0 |
Financial Risk Management_Inter
Financial Risk Management_Interest Rate Value At Risk(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
KB Securities Co., Ltd. | ||
Interest Rate Value At Risk Line Items [Line Items] | ||
Interest Rate Value At Risk | ₩ 28,396 | ₩ 20,605 |
KB Insurance Co., Ltd. | ||
Interest Rate Value At Risk Line Items [Line Items] | ||
Interest Rate Value At Risk | 585,648 | 345,292 |
KB Kookmin Card Co., Ltd. | ||
Interest Rate Value At Risk Line Items [Line Items] | ||
Interest Rate Value At Risk | 64,783 | 49,878 |
KB Life Insurance Co., Ltd. | ||
Interest Rate Value At Risk Line Items [Line Items] | ||
Interest Rate Value At Risk | 29,392 | 56,214 |
KB Savings Bank Co., Ltd. | ||
Interest Rate Value At Risk Line Items [Line Items] | ||
Interest Rate Value At Risk | 6,014 | 6,510 |
Prudential Life Insurance Company of Korea Ltd. | ||
Interest Rate Value At Risk Line Items [Line Items] | ||
Interest Rate Value At Risk | 132,576 | 0 |
KB Capital Co.,Ltd. | ||
Interest Rate Value At Risk Line Items [Line Items] | ||
Interest Rate Value At Risk | ₩ 27,805 | ₩ 33,038 |
Financial Risk Management_Finan
Financial Risk Management_Financial Instruments In Foreign Currencies(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | ₩ 54,922,901 | ₩ 41,669,192 |
Cash and due from financial institutions | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 7,769,696 | 5,490,428 |
Financial assets at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 6,226,201 | 7,107,723 |
Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 414,927 | 347,845 |
Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 112,431 | 83,610 |
Loans measured at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 28,210,688 | 18,133,279 |
Financial assets at fair value through other comprehensive income | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 6,054,893 | 5,057,842 |
Financial assets at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 2,607,588 | 2,884,287 |
Other financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 3,526,477 | 2,564,178 |
Financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 49,766,586 | 38,348,678 |
Financial liabilities at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,267,690 | 2,754,602 |
Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 684,373 | 502,077 |
Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 153,578 | 35,538 |
Deposits | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 24,519,600 | 15,908,851 |
Borrowings Translated Into Korean Won | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 13,187,235 | 10,616,032 |
Debentures | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 6,111,215 | 5,345,510 |
Other financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 3,842,895 | 3,186,068 |
Off-balance sheet items | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 16,432,781 | 19,422,027 |
USD | Financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 39,036,629 | 32,306,916 |
USD | Cash and due from financial institutions | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 4,482,459 | 2,581,674 |
USD | Financial assets at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 5,464,176 | 6,275,426 |
USD | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 339,190 | 244,010 |
USD | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 112,431 | 83,610 |
USD | Loans measured at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 18,783,163 | 14,478,537 |
USD | Financial assets at fair value through other comprehensive income | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 5,446,539 | 4,643,921 |
USD | Financial assets at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,660,713 | 2,380,000 |
USD | Other financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 2,747,958 | 1,619,738 |
USD | Financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 36,957,646 | 32,371,714 |
USD | Financial liabilities at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,267,690 | 2,754,602 |
USD | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 497,975 | 351,394 |
USD | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 139,528 | 35,538 |
USD | Deposits | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 16,441,107 | 12,266,565 |
USD | Borrowings Translated Into Korean Won | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 10,068,379 | 9,399,828 |
USD | Debentures | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 5,135,667 | 5,007,285 |
USD | Other financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 3,407,300 | 2,556,502 |
USD | Off-balance sheet items | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 14,991,859 | 18,702,327 |
JPY | Financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,263,185 | 1,156,233 |
JPY | Cash and due from financial institutions | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 583,545 | 354,484 |
JPY | Financial assets at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 39,817 | 43,124 |
JPY | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 18,061 | 22,729 |
JPY | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
JPY | Loans measured at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 565,918 | 484,087 |
JPY | Financial assets at fair value through other comprehensive income | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 5,271 | 21,267 |
JPY | Financial assets at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
JPY | Other financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 50,573 | 230,542 |
JPY | Financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,479,086 | 990,895 |
JPY | Financial liabilities at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
JPY | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 21,221 | 39,050 |
JPY | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
JPY | Deposits | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 933,268 | 766,720 |
JPY | Borrowings Translated Into Korean Won | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 485,618 | 125,096 |
JPY | Debentures | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
JPY | Other financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 38,979 | 60,029 |
JPY | Off-balance sheet items | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 32,200 | 32,694 |
EUR | Financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 3,063,531 | 2,497,907 |
EUR | Cash and due from financial institutions | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 558,793 | 377,651 |
EUR | Financial assets at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 508,587 | 610,820 |
EUR | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 41,834 | 25,226 |
EUR | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
EUR | Loans measured at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,387,089 | 795,285 |
EUR | Financial assets at fair value through other comprehensive income | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 35,478 | 71,078 |
EUR | Financial assets at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 300,315 | 304,484 |
EUR | Other financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 231,435 | 313,363 |
EUR | Financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 2,244,352 | 1,348,100 |
EUR | Financial liabilities at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
EUR | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 84,712 | 36,018 |
EUR | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
EUR | Deposits | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 991,872 | 791,638 |
EUR | Borrowings Translated Into Korean Won | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 402,802 | 419,155 |
EUR | Debentures | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 666,873 | 0 |
EUR | Other financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 98,093 | 101,289 |
EUR | Off-balance sheet items | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 248,007 | 176,756 |
GBP | Financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 425,339 | 349,197 |
GBP | Cash and due from financial institutions | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 113,586 | 128,600 |
GBP | Financial assets at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 30,030 | 23,034 |
GBP | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,774 | 698 |
GBP | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
GBP | Loans measured at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 259,787 | 178,628 |
GBP | Financial assets at fair value through other comprehensive income | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
GBP | Financial assets at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
GBP | Other financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 20,162 | 18,237 |
GBP | Financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 579,884 | 477,341 |
GBP | Financial liabilities at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
GBP | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,817 | 0 |
GBP | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
GBP | Deposits | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 66,440 | 45,892 |
GBP | Borrowings Translated Into Korean Won | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 501,716 | 408,918 |
GBP | Debentures | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
GBP | Other financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 9,911 | 22,531 |
GBP | Off-balance sheet items | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 741 | 0 |
CNY | Financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 3,080,943 | 2,992,825 |
CNY | Cash and due from financial institutions | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 878,798 | 1,207,769 |
CNY | Financial assets at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 6,046 | 6,131 |
CNY | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 4,344 | 6,786 |
CNY | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
CNY | Loans measured at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,617,715 | 1,205,297 |
CNY | Financial assets at fair value through other comprehensive income | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 342,804 | 282,390 |
CNY | Financial assets at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 108,594 | 97,845 |
CNY | Other financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 122,642 | 186,607 |
CNY | Financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,849,065 | 1,690,836 |
CNY | Financial liabilities at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
CNY | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 42,023 | 7,806 |
CNY | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
CNY | Deposits | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,755,272 | 1,477,097 |
CNY | Borrowings Translated Into Korean Won | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 439 | 15,092 |
CNY | Debentures | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
CNY | Other financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 51,331 | 190,841 |
CNY | Off-balance sheet items | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 253,472 | 252,369 |
Others | Financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 8,053,274 | 2,366,114 |
Others | Cash and due from financial institutions | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,152,515 | 840,250 |
Others | Financial assets at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 177,545 | 149,188 |
Others | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 9,724 | 48,396 |
Others | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
Others | Loans measured at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 5,597,016 | 991,445 |
Others | Financial assets at fair value through other comprehensive income | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 224,801 | 39,186 |
Others | Financial assets at amortized cost | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 537,966 | 101,958 |
Others | Other financial assets | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Asset Reporting Currency Denominated Value | 353,707 | 195,691 |
Others | Financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 6,656,553 | 1,469,792 |
Others | Financial liabilities at fair value through profit or loss | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
Others | Derivatives held for trading | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 36,625 | 67,809 |
Others | Derivatives held for hedging | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 14,050 | 0 |
Others | Deposits | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 4,331,641 | 560,939 |
Others | Borrowings Translated Into Korean Won | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,728,281 | 247,943 |
Others | Debentures | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 308,675 | 338,225 |
Others | Other financial liabilities | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Liability Reporting Currency Denominated Value | 237,281 | 254,876 |
Others | Off-balance sheet items | ||
Financial Statement Line Items With Differences In Reported Amount And Reporting Currency Denominated Amounts Line Items [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | ₩ 906,502 | ₩ 257,881 |
Financial Risk Management_Objec
Financial Risk Management_Objectives Policies And Processes For Managing Capital(Details) ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) |
Disclosure Of Objectives Policies And Processes For Managing Capital Abstract [Abstract] | ||
Minimum Common Equity Tier One Ratio | 8.00% | |
Minimum Tier One Ratio | 9.50% | |
Minimum Total Regulatory Capital Ratio | 11.50% | |
Capital Abstract [Abstract] | ||
Equity Capital: | ₩ 40,080,136 | ₩ 36,995,181 |
Tier One Risk Based Capital Abstract [Abstract] | ||
Tier 1 Capital | 36,895,778 | 35,426,114 |
Common Equity Tier 1 Capital | 34,886,283 | 34,709,873 |
Additional Tier 1 Capital | 2,009,495 | 716,241 |
Tier 2 Capital | 3,184,358 | 1,569,067 |
Risk-weighted assets: | ₩ 262,349,242 | ₩ 255,549,020 |
Equity Capital (%): | 0.1528 | 0.1448 |
Tier 1 Capital (%) | 0.1406 | 0.1386 |
Common Equity Tier 1 Capital (%) | 0.133 | 0.1358 |
Financial Risk Management_Natur
Financial Risk Management_Nature And Extent Of Risks Arising From Financial Instruments(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Credit Risk Member [Domain] | |
Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Line Items [Line Items] | |
Description Of Exposure To Risk | Credit risk is the risk of loss from the portfolio of assets held due to the counterparty's default, breach of contract and deterioration of credit quality. For risk management reporting purposes, the Group considers all factors of credit risk exposure, such as default risk of individual borrowers, country risk and risk of specific sectors. |
Description Of Objectives Policies And Processes For Managing Risk | The Group allocates and manages credit risk economic capital limits. In addition, to prevent excessive concentration of exposures by borrower and industry, the total exposure limit at the Group level is introduced, applied, and managed to control the credit concentration risk. In order to establish a credit risk management system, the Group manages credit risk by forming a separate risk management organization. In particular, independent of the Sales Group, the Credit Analysis Group of Kookmin Bank, a subsidiary, is in charge of loan policy, loan system, credit rating, credit analysis, follow-up management and corporate restructuring. The Risk Management Group of Kookmin Bank is responsible for establishing policies on credit risk management, measuring and limiting economic capital of credit risk, setting credit limits, credit review, and verification of credit rating models. |
Methods Used To Measure Risk | The Group measures the expected loss and economic capital for the assets subject to credit risk management, including on-balance and off-balance assets, and uses them as management indicators. |
Liquidity Risk Member [Member] | |
Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Line Items [Line Items] | |
Description Of Exposure To Risk | Liquidity risk is a risk that the Group becomes insolvent due to the mismatch between the inflow and outflow of funds, unexpected cash outflows, or a risk of loss due to financing funds at a high interest rate or disposing of securities at an unfavorable price due to lack of available funds. The Group manages its liquidity risk through analysis of the contractual maturity of interest-bearing assets and liabilities, assets and liabilities related to the other inflows and outflows of funds, and off-balance sheet items related to the inflows and outflows of funds such as currency derivative instruments and others. |
Description Of Objectives Policies And Processes For Managing Risk | The liquidity risk is managed by risk management policies and liquidity risk management guidelines set forth in these policies applied to all risk management policies and procedures that may arise throughout the overall business of the Group. |
Methods Used To Measure Risk | The Group calculates and manages cumulative liquidity gaps and liquidity ratio for all transactions and off-balance transactions, that affect the cashflows in Korean won and foreign currency funds raised and operated for the management of liquidity risks and periodically reports them to the Risk Management Council and the Risk Management Committee. |
Market Risk Member [Member] | |
Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Line Items [Line Items] | |
Description Of Exposure To Risk | Market risk refers to risks that can result in losses due to changes in market factors such as interest rates, stock prices, and exchange rates etc., which arise from securities and derivatives and others. The most significant risks associated with trading position are interest rate risk and currency risk, and additional risks include stock price risk. The non-trading position is also exposed to interest rate risk. The Group manages the market risks by dividing them into those arising from the trading position and those arising from the non-trading position. The above market risks are measured and managed by subsidiaries. |
Description Of Objectives Policies And Processes For Managing Risk | The Group sets and monitors internal capital limits for market and interest rate risk to manage the risks of trading and non-trading positions. In order to manage market risk efficiently, the Group maintains risk management systems and procedures such as trading policies and procedures, market risk management guidelines for trading positions, and interest rate risk management guidelines for non-trading positions. The entire process is carried out through consultation with the Risk Management Council and approval of the Risk Management Committee of the Group. In case of Kookmin Bank, a major subsidiary, the Risk Management Council establishes and enforces overall market risk management policies for market risk management and decides to establish position limits, loss limits, VaR limits, and approves non-standard new products. In addition, the Market Risk Management Committee, chaired by Chief Risk Officer ("CRO"), is a practical decision-making body for market risk management and determines position limits, loss limits, VaR limits, sensitivity limits, and scenario loss limits for each department of business group. |
Methods Used To Measure Risk | Definition of a trading position The trading position, which is subject to market risk management, is the trading position defined in "Trading Policy and Guidelines" and the basic requirements for the trading position are as follows: - The target position has no restrictions on the sale, and the daily fair value assessment should be made and the embedded significant risk can be hedged in the market. - The trading position classification criteria should be clearly defined in the Trading Policy and Guidelines, and the trading position should be managed by a separate trading department. - The target position must be operated according to the documented trading strategy and the position's limit management must be carried out. - The specialized dealer or operating department shall have the authority to execute the transaction without prior approval from the Risk Management Department, etc. within the pre-determined limits of the target position. - Target positions should be periodically reported to management for risk management of the Group. Observation method on market risk arising from trading positions Subsidiaries of the Group measures market risk by calculating VaR through the market risk management system for all trading positions. Generally, the Group manages market risks arising from trading positions at the portfolio level. In addition, the Group controls and manages the risk of derivative financial instrument transactions in accordance with the Financial Supervisory Service regulations and guidelines. |
Currency Risk [Member] | |
Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Line Items [Line Items] | |
Description Of Exposure To Risk | Foreign exchange rate risk arises from holding assets, liabilities and currency-related derivatives which are denominated in foreign currency. Most of the net foreign currency exposures occur in the US dollars and the Chinese Yuan. |
Methods Used To Measure Risk | The Group also manages net foreign exchange exposures across trading and non-trading portfolios by setting a net foreign currency exposure limit at the same time setting a loss limit. |
Interest Rate Risk Member [Member] | |
Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Line Items [Line Items] | |
Description Of Exposure To Risk | The interest rate risk for trading positions usually arises from debt securities denominated in Korean won. The Group's trading strategy is to gain short-term trading gains from interest rate fluctuations. Interest rate risk management targets for non-trading positions include both on-balance and off-balance assets, liabilities and derivatives that are sensitive to interest rate, except for trading positions that are subject to market risk measurement. Interest-sensitive assets and liabilities refer to interest-bearing assets and liabilities that generate interest income and interest expenses. |
Methods Used To Measure Risk | The Group manages interest rate risks associated with trading accounts using VaR and sensitivity analysis (Price Value of a Basis Point: PVBP). |
Other Price Risk Member [Member] | |
Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Line Items [Line Items] | |
Description Of Exposure To Risk | Stock price risk occurs only in trading stocks denominated in Korean won because there are no trading stocks denominated in foreign currency. |
Methods Used To Measure Risk | The portfolio of trading stocks denominated in Korean won consists of stocks listed on the exchange and derivatives linked to stocks and is managed by strict distributed investment limits. |
Risk Diversification Effect Member [Member] | |
Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments Line Items [Line Items] | |
Description Of Exposure To Risk | The Group defines operational risks broadly as all financial and non-financial risks from operating activities that negatively affect capital. |
Description Of Objectives Policies And Processes For Managing Risk | The purpose of operational risk management is not only to comply with supervisory and regulatory requirements, but also to spread risk management culture, strengthen internal control, improve processes and provide timely feedback to management and all employees. Kookmin Bank, a subsidiary, established a Business Continuity Planning (BCP) to carry out continuous work in emergency situations and established alternative facilities. The Group conducts simulation training for headquarters and IT departments to check the business continuity framework. |
Segment Information_Operating S
Segment Information_Operating Segments(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | Dec. 31, 2020USD ($) | ||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | ₩ 12,492,642 | ₩ 11,431,851 | ₩ 10,859,687 | |||||
Intersegment operating revenues (expenses) | 0 | 0 | ||||||
Sub-total | 12,492,642 | 11,431,851 | ||||||
Net interest income | [1] | 9,722,274 | $ 8,951,463 | 9,196,787 | 8,904,928 | |||
Interest income | [1] | 14,485,747 | 13,337,275 | 14,639,187 | 13,734,569 | |||
Interest expense | [1] | (4,763,473) | (4,385,812) | (5,442,400) | (4,829,641) | |||
Net fee and commission income (expense) | [1] | 2,958,939 | 2,724,346 | 2,355,004 | 2,243,376 | |||
Fee and commission income | [1] | 4,527,024 | 4,168,109 | 3,879,247 | 3,717,720 | |||
Fee and commission expense | [1] | (1,568,085) | (1,443,763) | (1,524,243) | (1,474,344) | |||
Net insurance income (expenses) | [1] | 299,993 | 276,209 | 299,512 | 490,116 | |||
Insurance income | [1] | 14,386,640 | 13,246,025 | 12,317,182 | 11,975,070 | |||
Insurance expense | [1] | (14,086,647) | (12,969,816) | (12,017,670) | (11,484,954) | |||
Net gains (losses) on financial instruments at fair value through profit or loss | [1] | 1,011,366 | 931,182 | 643,872 | 351,303 | |||
Net other operating income (expenses) | [1] | (1,499,930) | (1,381,011) | (1,063,324) | (1,130,036) | |||
General and administrative expenses | [1] | (6,833,152) | (6,291,399) | (6,271,017) | (5,918,512) | |||
Operating profit before provision for credit losses | [1] | 5,659,490 | 5,210,790 | 5,160,834 | 4,941,175 | |||
Reversal (provision) for credit losses | [1],[2] | (1,043,498) | (960,767) | (670,185) | (673,694) | |||
Net operating income | [1] | 4,615,992 | 4,250,023 | 4,490,649 | 4,267,481 | |||
Share of profit (loss) of associates and joint ventures | [1],[2] | (43,750) | (40,281) | 16,451 | 24,260 | |||
Net other non-operating income (expenses) | [1] | 189,390 | 174,374 | 26,886 | 9,791 | |||
Segment profits before income tax | [1] | 4,761,632 | 4,384,116 | 4,533,986 | 4,301,532 | |||
Income tax expense | [1] | (1,259,351) | (1,159,506) | (1,220,787) | (1,239,586) | |||
Profit for the year | [1],[2],[3] | 3,502,281 | 3,224,610 | 3,313,199 | 3,061,946 | |||
Profit attributable to shareholders of the Parent Company | [1] | 3,455,151 | 3,181,217 | 3,311,828 | 3,061,191 | |||
Profit (loss) attributable to non-controlling interests | [1] | 47,130 | $ 43,393 | 1,371 | 755 | |||
Total assets | 610,672,192 | [4] | 518,538,117 | [4] | $ 562,256,302 | |||
Total liabilities | 567,310,733 | [4] | 479,418,792 | [4] | $ 522,332,667 | |||
Banking business | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 7,550,348 | 6,946,626 | 6,579,169 | |||||
Intersegment operating revenues (expenses) | 286,317 | 372,442 | ||||||
Sub-total | 7,836,665 | 7,319,068 | ||||||
Net interest income | 6,754,766 | 6,363,787 | ||||||
Interest income | 10,456,165 | 10,779,948 | ||||||
Interest expense | (3,701,399) | (4,416,161) | ||||||
Net fee and commission income (expense) | 1,067,922 | 1,133,296 | ||||||
Fee and commission income | 1,449,687 | 1,483,362 | ||||||
Fee and commission expense | (381,765) | (350,066) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 244,183 | 422,624 | ||||||
Net other operating income (expenses) | (230,206) | (600,639) | ||||||
General and administrative expenses | (4,201,346) | (3,887,419) | ||||||
Operating profit before provision for credit losses | 3,635,319 | 3,431,649 | ||||||
Reversal (provision) for credit losses | (484,182) | (103,530) | ||||||
Net operating income | 3,151,137 | 3,328,119 | ||||||
Share of profit (loss) of associates and joint ventures | (48,158) | 29,240 | ||||||
Net other non-operating income (expenses) | 28,844 | (38,887) | ||||||
Segment profits before income tax | 3,131,823 | 3,318,472 | ||||||
Income tax expense | (812,304) | (879,393) | ||||||
Profit for the year | 2,319,519 | 2,439,079 | ||||||
Profit attributable to shareholders of the Parent Company | 2,298,195 | 2,439,079 | ||||||
Profit (loss) attributable to non-controlling interests | 21,324 | 0 | ||||||
Total assets | [4] | 438,444,114 | 387,425,038 | |||||
Total liabilities | [4] | 408,036,040 | 358,420,805 | |||||
Corporate Banking | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 2,833,601 | 2,375,800 | ||||||
Intersegment operating revenues (expenses) | 178,199 | 204,476 | ||||||
Sub-total | 3,011,800 | 2,580,276 | ||||||
Net interest income | 3,238,002 | 2,844,880 | ||||||
Interest income | 4,899,943 | 4,642,555 | ||||||
Interest expense | (1,661,941) | (1,797,675) | ||||||
Net fee and commission income (expense) | 363,459 | 349,393 | ||||||
Fee and commission income | 480,190 | 459,879 | ||||||
Fee and commission expense | (116,731) | (110,486) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | (52,493) | (2,526) | ||||||
Net other operating income (expenses) | (537,168) | (611,471) | ||||||
General and administrative expenses | (1,555,089) | (1,241,721) | ||||||
Operating profit before provision for credit losses | 1,456,711 | 1,338,555 | ||||||
Reversal (provision) for credit losses | (204,302) | 125,919 | ||||||
Net operating income | 1,252,409 | 1,464,474 | ||||||
Share of profit (loss) of associates and joint ventures | 0 | 0 | ||||||
Net other non-operating income (expenses) | 5,490 | (262) | ||||||
Segment profits before income tax | 1,257,899 | 1,464,212 | ||||||
Income tax expense | (339,728) | (404,426) | ||||||
Profit for the year | 918,171 | 1,059,786 | ||||||
Profit attributable to shareholders of the Parent Company | 917,956 | 1,059,786 | ||||||
Profit (loss) attributable to non-controlling interests | 215 | 0 | ||||||
Total assets | [4] | 164,323,181 | 139,496,393 | |||||
Total liabilities | [4] | 167,236,387 | 142,063,122 | |||||
Retail Banking | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 2,918,826 | 2,979,503 | ||||||
Intersegment operating revenues (expenses) | 0 | 0 | ||||||
Sub-total | 2,918,826 | 2,979,503 | ||||||
Net interest income | 3,178,280 | 3,148,061 | ||||||
Interest income | 4,519,579 | 4,872,937 | ||||||
Interest expense | (1,341,299) | (1,724,876) | ||||||
Net fee and commission income (expense) | 406,603 | 471,869 | ||||||
Fee and commission income | 529,178 | 577,845 | ||||||
Fee and commission expense | (122,575) | (105,976) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 0 | 0 | ||||||
Net other operating income (expenses) | (666,057) | (640,427) | ||||||
General and administrative expenses | (2,072,515) | (1,982,375) | ||||||
Operating profit before provision for credit losses | 846,311 | 997,128 | ||||||
Reversal (provision) for credit losses | (264,943) | (235,995) | ||||||
Net operating income | 581,368 | 761,133 | ||||||
Share of profit (loss) of associates and joint ventures | 0 | 0 | ||||||
Net other non-operating income (expenses) | 0 | 0 | ||||||
Segment profits before income tax | 581,368 | 761,133 | ||||||
Income tax expense | (159,876) | (209,311) | ||||||
Profit for the year | 421,492 | 551,822 | ||||||
Profit attributable to shareholders of the Parent Company | 421,492 | 551,822 | ||||||
Profit (loss) attributable to non-controlling interests | 0 | 0 | ||||||
Total assets | [4] | 161,330,053 | 147,468,173 | |||||
Total liabilities | [4] | 176,571,944 | 161,834,984 | |||||
Other Banking Services | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 1,797,921 | 1,591,323 | ||||||
Intersegment operating revenues (expenses) | 108,118 | 167,966 | ||||||
Sub-total | 1,906,039 | 1,759,289 | ||||||
Net interest income | 338,484 | 370,846 | ||||||
Interest income | 1,036,643 | 1,264,456 | ||||||
Interest expense | (698,159) | (893,610) | ||||||
Net fee and commission income (expense) | 297,860 | 312,034 | ||||||
Fee and commission income | 440,319 | 445,638 | ||||||
Fee and commission expense | (142,459) | (133,604) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 296,676 | 425,150 | ||||||
Net other operating income (expenses) | 973,019 | 651,259 | ||||||
General and administrative expenses | (573,742) | (663,323) | ||||||
Operating profit before provision for credit losses | 1,332,297 | 1,095,966 | ||||||
Reversal (provision) for credit losses | (14,937) | 6,546 | ||||||
Net operating income | 1,317,360 | 1,102,512 | ||||||
Share of profit (loss) of associates and joint ventures | (48,158) | 29,240 | ||||||
Net other non-operating income (expenses) | 23,354 | (38,625) | ||||||
Segment profits before income tax | 1,292,556 | 1,093,127 | ||||||
Income tax expense | (312,700) | (265,656) | ||||||
Profit for the year | 979,856 | 827,471 | ||||||
Profit attributable to shareholders of the Parent Company | 958,747 | 827,471 | ||||||
Profit (loss) attributable to non-controlling interests | 21,109 | 0 | ||||||
Total assets | [4] | 112,790,880 | 100,460,472 | |||||
Total liabilities | [4] | 64,227,709 | 54,522,699 | |||||
Securities | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 1,448,409 | 1,113,200 | 997,898 | |||||
Intersegment operating revenues (expenses) | (6,366) | (18,795) | ||||||
Sub-total | 1,442,043 | 1,094,405 | ||||||
Net interest income | 510,566 | 529,888 | ||||||
Interest income | 820,100 | 852,153 | ||||||
Interest expense | (309,534) | (322,265) | ||||||
Net fee and commission income (expense) | 916,758 | 580,435 | ||||||
Fee and commission income | 1,037,545 | 683,600 | ||||||
Fee and commission expense | (120,787) | (103,165) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 117,792 | (103,815) | ||||||
Net other operating income (expenses) | (103,073) | 87,897 | ||||||
General and administrative expenses | (844,503) | (757,276) | ||||||
Operating profit before provision for credit losses | 597,540 | 337,129 | ||||||
Reversal (provision) for credit losses | (23,827) | (14,366) | ||||||
Net operating income | 573,713 | 322,763 | ||||||
Share of profit (loss) of associates and joint ventures | 3,598 | (103) | ||||||
Net other non-operating income (expenses) | 4,472 | 30,518 | ||||||
Segment profits before income tax | 581,783 | 353,178 | ||||||
Income tax expense | (156,135) | (95,271) | ||||||
Profit for the year | 425,648 | 257,907 | ||||||
Profit attributable to shareholders of the Parent Company | 425,622 | 257,893 | ||||||
Profit (loss) attributable to non-controlling interests | 26 | 14 | ||||||
Total assets | [4] | 57,570,654 | 47,816,512 | |||||
Total liabilities | [4] | 52,516,488 | 43,131,858 | |||||
Non-life Insurance | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 1,027,269 | 1,185,600 | 1,183,394 | |||||
Intersegment operating revenues (expenses) | 5,976 | (54,160) | ||||||
Sub-total | 1,033,245 | 1,131,440 | ||||||
Net interest income | 615,951 | 616,378 | ||||||
Interest income | 616,852 | 617,617 | ||||||
Interest expense | (901) | (1,239) | ||||||
Net fee and commission income (expense) | (171,220) | (152,597) | ||||||
Fee and commission income | 8,571 | 11,095 | ||||||
Fee and commission expense | (179,791) | (163,692) | ||||||
Net insurance income (expenses) | 376,827 | 415,112 | ||||||
Insurance income | 12,367,894 | 11,375,543 | ||||||
Insurance expense | (11,991,067) | (10,960,431) | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 259,274 | 265,187 | ||||||
Net other operating income (expenses) | (47,587) | (12,640) | ||||||
General and administrative expenses | (829,263) | (843,800) | ||||||
Operating profit before provision for credit losses | 203,982 | 287,640 | ||||||
Reversal (provision) for credit losses | 7,569 | 12,959 | ||||||
Net operating income | 211,551 | 300,599 | ||||||
Share of profit (loss) of associates and joint ventures | (42) | (21) | ||||||
Net other non-operating income (expenses) | 16,142 | 26,490 | ||||||
Segment profits before income tax | 227,651 | 327,068 | ||||||
Income tax expense | (63,778) | (92,381) | ||||||
Profit for the year | 163,873 | 234,687 | ||||||
Profit attributable to shareholders of the Parent Company | 163,884 | 234,326 | ||||||
Profit (loss) attributable to non-controlling interests | (11) | 361 | ||||||
Total assets | [4] | 39,078,117 | 36,552,368 | |||||
Total liabilities | [4] | 35,086,458 | 32,689,460 | |||||
Credit Card | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 1,538,230 | 1,470,910 | 1,524,695 | |||||
Intersegment operating revenues (expenses) | (183,480) | (209,874) | ||||||
Sub-total | 1,354,750 | 1,261,036 | ||||||
Net interest income | 1,265,703 | 1,230,288 | ||||||
Interest income | 1,631,520 | 1,581,178 | ||||||
Interest expense | (365,817) | (350,890) | ||||||
Net fee and commission income (expense) | 400,485 | 261,829 | ||||||
Fee and commission income | 1,485,718 | 1,406,273 | ||||||
Fee and commission expense | (1,085,233) | (1,144,444) | ||||||
Net insurance income (expenses) | 13,283 | 15,748 | ||||||
Insurance income | 23,989 | 28,874 | ||||||
Insurance expense | (10,706) | (13,126) | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 5,904 | 371 | ||||||
Net other operating income (expenses) | (330,625) | (247,200) | ||||||
General and administrative expenses | (514,845) | (441,921) | ||||||
Operating profit before provision for credit losses | 839,905 | 819,115 | ||||||
Reversal (provision) for credit losses | (396,376) | (439,765) | ||||||
Net operating income | 443,529 | 379,350 | ||||||
Share of profit (loss) of associates and joint ventures | 1,127 | 1,106 | ||||||
Net other non-operating income (expenses) | (6,636) | 3,362 | ||||||
Segment profits before income tax | 438,020 | 383,818 | ||||||
Income tax expense | (114,027) | (67,262) | ||||||
Profit for the year | 323,993 | 316,556 | ||||||
Profit attributable to shareholders of the Parent Company | 324,662 | 316,545 | ||||||
Profit (loss) attributable to non-controlling interests | (669) | 11 | ||||||
Total assets | [4] | 24,071,645 | 22,990,115 | |||||
Total liabilities | [4] | 19,789,959 | 18,925,195 | |||||
Life Insurance | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 237,416 | 107,404 | 113,238 | |||||
Intersegment operating revenues (expenses) | (9,655) | (22,742) | ||||||
Sub-total | 227,761 | 84,662 | ||||||
Net interest income | 260,925 | 159,248 | ||||||
Interest income | 261,056 | 159,463 | ||||||
Interest expense | (131) | (215) | ||||||
Net fee and commission income (expense) | (18,059) | (16,792) | ||||||
Fee and commission income | 98 | 239 | ||||||
Fee and commission expense | (18,157) | (17,031) | ||||||
Net insurance income (expenses) | (91,410) | (122,295) | ||||||
Insurance income | 2,026,052 | 942,662 | ||||||
Insurance expense | (2,117,462) | (1,064,957) | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 71,350 | 66,773 | ||||||
Net other operating income (expenses) | 4,955 | (2,272) | ||||||
General and administrative expenses | (152,271) | (66,514) | ||||||
Operating profit before provision for credit losses | 75,490 | 18,148 | ||||||
Reversal (provision) for credit losses | 472 | 3,084 | ||||||
Net operating income | 75,962 | 21,232 | ||||||
Share of profit (loss) of associates and joint ventures | 1 | 0 | ||||||
Net other non-operating income (expenses) | (16,270) | (30) | ||||||
Segment profits before income tax | 59,693 | 21,202 | ||||||
Income tax expense | (27,167) | (5,238) | ||||||
Profit for the year | 32,526 | 15,964 | ||||||
Profit attributable to shareholders of the Parent Company | 32,526 | 15,964 | ||||||
Profit (loss) attributable to non-controlling interests | 0 | 0 | ||||||
Total assets | [4] | 35,546,572 | 9,801,904 | |||||
Total liabilities | [4] | 32,524,518 | 9,186,567 | |||||
Others | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 690,970 | 608,111 | ₩ 461,293 | |||||
Intersegment operating revenues (expenses) | 324,910 | 124,857 | ||||||
Sub-total | 1,015,880 | 732,968 | ||||||
Net interest income | 314,832 | 296,512 | ||||||
Interest income | 726,668 | 687,823 | ||||||
Interest expense | (411,836) | (391,311) | ||||||
Net fee and commission income (expense) | 776,282 | 541,343 | ||||||
Fee and commission income | 871,499 | 617,622 | ||||||
Fee and commission expense | (95,217) | (76,279) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | 396,626 | 137,680 | ||||||
Net other operating income (expenses) | (471,860) | (242,567) | ||||||
General and administrative expenses | (405,530) | (373,919) | ||||||
Operating profit before provision for credit losses | 610,350 | 359,049 | ||||||
Reversal (provision) for credit losses | (148,127) | (128,331) | ||||||
Net operating income | 462,223 | 230,718 | ||||||
Share of profit (loss) of associates and joint ventures | 553 | 7,201 | ||||||
Net other non-operating income (expenses) | 40,927 | 34,644 | ||||||
Segment profits before income tax | 503,703 | 272,563 | ||||||
Income tax expense | (97,268) | (90,366) | ||||||
Profit for the year | 406,435 | 182,197 | ||||||
Profit attributable to shareholders of the Parent Company | 404,381 | 179,783 | ||||||
Profit (loss) attributable to non-controlling interests | 2,054 | 2,414 | ||||||
Total assets | [4] | 47,408,052 | 42,140,936 | |||||
Total liabilities | [4] | 21,598,232 | 18,675,585 | |||||
Adjustments For Reportable Segments | ||||||||
Disclosure Of Operating Segments Line Items [Line Items] | ||||||||
Operating revenues from external customers | 0 | 0 | ||||||
Intersegment operating revenues (expenses) | (417,702) | (191,728) | ||||||
Sub-total | (417,702) | (191,728) | ||||||
Net interest income | (469) | 686 | ||||||
Interest income | (26,614) | (38,995) | ||||||
Interest expense | 26,145 | 39,681 | ||||||
Net fee and commission income (expense) | (13,229) | 7,490 | ||||||
Fee and commission income | (326,094) | (322,944) | ||||||
Fee and commission expense | 312,865 | 330,434 | ||||||
Net insurance income (expenses) | 1,293 | (9,053) | ||||||
Insurance income | (31,295) | (29,897) | ||||||
Insurance expense | 32,588 | 20,844 | ||||||
Net gains (losses) on financial instruments at fair value through profit or loss | (83,763) | (144,948) | ||||||
Net other operating income (expenses) | (321,534) | (45,903) | ||||||
General and administrative expenses | 114,606 | 99,832 | ||||||
Operating profit before provision for credit losses | (303,096) | (91,896) | ||||||
Reversal (provision) for credit losses | 973 | (236) | ||||||
Net operating income | (302,123) | (92,132) | ||||||
Share of profit (loss) of associates and joint ventures | (829) | (20,972) | ||||||
Net other non-operating income (expenses) | 121,911 | (29,211) | ||||||
Segment profits before income tax | (181,041) | (142,315) | ||||||
Income tax expense | 11,328 | 9,124 | ||||||
Profit for the year | (169,713) | (133,191) | ||||||
Profit attributable to shareholders of the Parent Company | (194,119) | (131,762) | ||||||
Profit (loss) attributable to non-controlling interests | 24,406 | (1,429) | ||||||
Total assets | [4] | (31,446,962) | (28,188,756) | |||||
Total liabilities | [4] | ₩ (2,240,962) | ₩ (1,610,678) | |||||
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||||||
[2] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||||||
[3] | The consolidated statements of changes in equity for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||||||
[4] | Assets and liabilities of the reporting segments are amounts before intersegment transactions. |
Segment Information_Operating R
Segment Information_Operating Revenues From External Customers For Each Service(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Operating Revenes From External Customers For Each Service Line Items [Line Items] | |||
Operating Revenes From External Customers | ₩ 12,492,642 | ₩ 11,431,851 | ₩ 10,859,687 |
Banking service | |||
Operating Revenes From External Customers For Each Service Line Items [Line Items] | |||
Operating Revenes From External Customers | 7,550,348 | 6,946,626 | 6,579,169 |
Securities service | |||
Operating Revenes From External Customers For Each Service Line Items [Line Items] | |||
Operating Revenes From External Customers | 1,448,409 | 1,113,200 | 997,898 |
Non-life insurance service | |||
Operating Revenes From External Customers For Each Service Line Items [Line Items] | |||
Operating Revenes From External Customers | 1,027,269 | 1,185,600 | 1,183,394 |
Credit card service | |||
Operating Revenes From External Customers For Each Service Line Items [Line Items] | |||
Operating Revenes From External Customers | 1,538,230 | 1,470,910 | 1,524,695 |
Life insurance service | |||
Operating Revenes From External Customers For Each Service Line Items [Line Items] | |||
Operating Revenes From External Customers | 237,416 | 107,404 | 113,238 |
Other service | |||
Operating Revenes From External Customers For Each Service Line Items [Line Items] | |||
Operating Revenes From External Customers | ₩ 690,970 | ₩ 608,111 | ₩ 461,293 |
Segment Information_Geographica
Segment Information_Geographical Operating Revenues From External Customers(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | ₩ 12,492,642 | ₩ 11,431,851 | ₩ 10,859,687 |
Major non-current assets | 11,318,226 | 10,633,178 | |
Domestic | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 11,891,540 | 11,142,264 | 10,666,586 |
Major non-current assets | 10,603,254 | 9,515,220 | |
United States | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 114,044 | 72,945 | 46,391 |
Major non-current assets | 45,353 | 386,724 | |
New Zealand | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 3,554 | 6,946 | 6,213 |
Major non-current assets | 2,385 | 3,516 | |
China | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 84,821 | 109,574 | 94,996 |
Major non-current assets | 13,971 | 15,119 | |
Cambodia | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 250,426 | 19,534 | 11,062 |
Major non-current assets | 32,354 | 7,162 | |
United Kingdom | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 28,681 | 10,037 | 8,119 |
Major non-current assets | 81,879 | 85,634 | |
Others | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 119,576 | 70,551 | 26,320 |
Major non-current assets | 51,288 | 551,039 | |
Consolidation adjustments | |||
Disclosure Of Geographical Areas Line Items [Line Items] | |||
Revenues from external customers | 0 | 0 | ₩ 0 |
Major non-current assets | ₩ 487,742 | ₩ 68,764 |
Financial Assets and Financia_3
Financial Assets and Financial Liabilities_Carrying Amount And Fair Value Of Financial Assets And Liabilities(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | |||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | ₩ 582,219,781 | ₩ 498,191,361 | ||
Fair value | 585,003,881 | 500,565,482 | ||
Financial Assets Measured At Fair Value | 128,406,037 | 103,175,810 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 456,597,843 | 397,389,672 | ||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | 496,813,305 | 435,352,295 | ||
Fair value | 497,750,058 | 436,421,064 | ||
Financial Liabilities Measured At Fair Value | 17,032,955 | 18,375,494 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 480,717,103 | 418,045,570 | ||
Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 33,330,288 | 26,439,692 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 22,801,037 | 12,602,874 | ||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | 2,231,461 | 2,821,453 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 0 | 0 | ||
Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 80,957,228 | 63,821,636 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 38,428,580 | 31,165,284 | ||
Reasonable Approximation Of Fair Value Financial Assets | 18,855,505 | 17,352,644 | ||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | 5,458,616 | 4,105,191 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 240,538,815 | 190,461,055 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | 59,065,677 | 48,435,570 | ||
Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 14,118,521 | [1] | 12,914,482 | |
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 395,368,226 | 353,621,514 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | 381,200,537 | 344,474,455 | ||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | 9,342,878 | [1] | 11,448,850 | |
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 240,178,288 | 227,584,515 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | 211,566,001 | 204,954,928 | ||
Financial liabilities at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | 2,025,951 | 2,663,327 | ||
Fair value | 2,025,951 | 2,663,327 | ||
Financial Liabilities Measured At Fair Value | 2,025,951 | 2,663,327 | ||
Financial liabilities at fair value through profit or loss | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | 2,025,951 | 2,663,327 | ||
Financial liabilities at fair value through profit or loss | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | 0 | 0 | ||
Financial liabilities at fair value through profit or loss | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | 0 | [1] | 0 | |
Financial liabilities designated at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | 9,784,107 | 12,704,826 | ||
Fair value | 9,784,107 | 12,704,826 | ||
Financial Liabilities Measured At Fair Value | ₩ 9,784,107 | 12,704,826 | ||
Description Of Valuation Processes Used In Fair Value Measurement Liabilities | For exchange traded derivatives, quoted price in an active market is used to determine fair value and for OTC derivatives, fair value is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair values of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including the Finite Difference Method ("FDM"), the MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form and Tree Model or valuation results from independent external professional valuation institution. | |||
Financial liabilities designated at fair value through profit or loss | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 1,040 | 492 | ||
Financial liabilities designated at fair value through profit or loss | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 581,636 | ₩ 1,482,302 | ||
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Binomial Model and others | DCF Model, Closed Form, Monte Carlo Simulation, Black-Scholes Model, Hull and White Model and others | ||
Inputs | Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate and others | Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate and others | ||
Financial liabilities designated at fair value through profit or loss | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 9,201,431 | [1] | ₩ 11,222,032 | |
Derivatives held for trading | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | 5,014,072 | 2,842,950 | ||
Fair value | 5,014,072 | 2,842,950 | ||
Financial Liabilities Measured At Fair Value | ₩ 5,014,072 | 2,842,950 | ||
Description Of Valuation Processes Used In Fair Value Measurement Liabilities | For exchange traded derivatives, quoted price in an active market is used to determine fair value and for OTC derivatives, fair value is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair values of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including the Finite Difference Method ("FDM"), the MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form and Tree Model or valuation results from independent external professional valuation institution. | |||
Derivatives held for trading | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 204,470 | 157,634 | ||
Derivatives held for trading | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 4,668,155 | ₩ 2,458,498 | ||
Valuation techniques | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model and others | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Option Model, FDM and others | ||
Inputs | Discount rate, Price of underlying asset, Volatility, Interest rate, Stock price, Foreign exchange rate, Dividend yield and others | Discount rate, Underlying asset Index, Volatility, Correlation coefficient, Interest rate, Stock price, Foreign exchange rate, Dividend yield, Probability of default (PD), Credit spread and others | ||
Derivatives held for trading | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 141,447 | [1] | ₩ 226,818 | |
Derivatives held for hedging | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | 208,825 | 164,391 | ||
Fair value | 208,825 | 164,391 | ||
Financial Liabilities Measured At Fair Value | ₩ 208,825 | 164,391 | ||
Description Of Valuation Processes Used In Fair Value Measurement Liabilities | For exchange traded derivatives, quoted price in an active market is used to determine fair value and for OTC derivatives, fair value is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair values of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including the Finite Difference Method ("FDM"), the MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form and Tree Model or valuation results from independent external professional valuation institution. | |||
Derivatives held for hedging | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 0 | 0 | ||
Derivatives held for hedging | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 208,825 | ₩ 164,391 | ||
Valuation techniques | DCF Model, Closed Form, FDM and others | DCF Model, Closed Form, FDM and others | ||
Inputs | Discount rate, Foreign exchange rate and others | Discount rate, Volatility, Foreign exchange rate and others | ||
Derivatives held for hedging | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Measured At Fair Value | ₩ 0 | [1] | ₩ 0 | |
Deposits | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | 338,580,220 | 305,592,771 | ||
Fair value | 338,833,784 | 306,048,291 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 338,833,784 | 306,048,291 | |
Description Of Valuation Processes Used In Fair Value Measurement Liabilities | Carrying amount of demand deposits is regarded as representative of fair value because they do not have a fixed maturity and are payable on demand. Fair value of time deposits is determined using a DCF model. Fair value is determined by discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. | |||
Deposits | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 0 | 0 | |
Deposits | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 181,472,846 | 142,021,800 | |
Deposits | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 157,360,938 | 164,026,491 | |
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 157,360,938 | ₩ 164,026,491 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Other spread, Prepayment rate, Interest rate | Other spread, Prepayment rate, Interest rate | ||
Borrowings | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | ₩ 49,827,156 | ₩ 37,818,860 | ||
Fair value | 50,081,900 | 37,808,944 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | ₩ 50,081,900 | 37,808,944 | |
Description Of Valuation Processes Used In Fair Value Measurement Liabilities | Carrying amount of overdraft in foreign currency is regarded as representative of fair value because they do not have a fixed maturity and are payable on demand. Fair value of other debts is determined using a DCF model discounting contractual future cash flows at an appropriate discount rate. | |||
Borrowings | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | ₩ 0 | 0 | |
Borrowings | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | 1,149,734 | 1,469,263 | |
Reasonable Approximation Of Fair Value Financial Liabilities | 292 | 4,685 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 1,149,442 | ₩ 1,464,578 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Borrowings | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | ₩ 48,932,166 | ₩ 36,339,681 | |
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 48,932,166 | ₩ 36,339,681 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Other spread, Interest rate | Other spread, Interest rates | ||
Debentures | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | ₩ 62,760,687 | ₩ 50,935,583 | ||
Fair value | 63,189,132 | 51,558,748 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 63,189,132 | 51,558,748 | ||
Description Of Valuation Processes Used In Fair Value Measurement Liabilities | Fair value is determined by using the valuation results of external professional valuation institution, which are calculated using market inputs. | |||
Debentures | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 0 | 0 | ||
Debentures | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 57,916,235 | 46,969,992 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 57,916,235 | ₩ 46,969,992 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Debentures | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 5,272,897 | ₩ 4,588,756 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 5,272,897 | ₩ 4,588,756 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Other spread, Interest rate | Other spread, Interest rates | ||
Other financial liabilities | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Carrying amount | ₩ 28,612,287 | ₩ 22,629,587 | ||
Fair value | 28,612,287 | 22,629,587 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 28,612,287 | 22,629,587 | |
Description Of Valuation Processes Used In Fair Value Measurement Liabilities | Carrying amounts are reasonable approximation of fair values. These financial instruments are temporary accounts used for other various transactions and their maturities are relatively short or not defined. | |||
Other financial liabilities | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 0 | 0 | |
Other financial liabilities | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | 0 | 0 | |
Other financial liabilities | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Liabilities Line Items [Line Items] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | 28,612,287 | 22,629,587 | |
Cash and due from financial institutions | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 25,608,842 | 20,837,878 | ||
Fair value | 25,612,273 | 20,835,235 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 25,612,273 | 20,835,235 | |
Description Of Valuation Processes Used In Fair Value Measurement Assets | Carrying amounts of cash and demand due from financial institutions and payment due from financial institutions are reasonable approximation of fair values. These financial instruments do not have a fixed maturity and are receivable on demand. Fair value of ordinary due from financial institutions is measured using Discounted Cash Flow ("DCF") Model. | |||
Cash and due from financial institutions | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 3,362,096 | 3,015,104 | |
Cash and due from financial institutions | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 19,573,075 | 13,812,640 | |
Cash and due from financial institutions | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 2,677,102 | 4,007,491 | |
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 2,677,102 | ₩ 4,007,491 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Credit spread, Other spread, Interest rates | Credit spread, Other spread, Interest rates | ||
Financial assets at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | ₩ 61,035,455 | ₩ 53,549,086 | ||
Fair value | 61,035,455 | 53,549,086 | ||
Financial Assets Measured At Fair Value | ₩ 61,035,455 | 53,549,086 | ||
Description Of Valuation Processes Used In Fair Value Measurement Assets | Fair value of financial instruments that are quoted in active markets is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institution. The institutions use one or more of the following valuation techniques including DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method, deemed suitable considering the characteristics of the financial instruments. | |||
Financial assets at fair value through profit or loss | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 14,508,028 | 11,177,716 | ||
Financial assets at fair value through profit or loss | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 35,298,665 | 31,476,070 | ||
Financial assets at fair value through profit or loss | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 11,228,762 | [1] | 10,895,300 | |
Due from financial institutions measured at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 100,094 | 216,367 | ||
Fair value | 100,094 | 216,367 | ||
Financial Assets Measured At Fair Value | 100,094 | 216,367 | ||
Due from financial institutions measured at fair value through profit or loss | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Due from financial institutions measured at fair value through profit or loss | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 10,011 | ₩ 165,242 | ||
Valuation techniques | DCF Model | DCF Model, One factor Hull-White Model, | ||
Inputs | Projected cash flow, Discount rate | Discount rate, Volatility and others | ||
Due from financial institutions measured at fair value through profit or loss | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 90,083 | [1] | ₩ 51,125 | |
Debt securities | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 58,415,100 | 50,721,526 | ||
Fair value | 58,415,100 | 50,721,526 | ||
Financial Assets Measured At Fair Value | 58,415,100 | 50,721,526 | ||
Debt securities | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 13,316,819 | 9,853,733 | ||
Debt securities | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 34,580,168 | ₩ 30,735,027 | ||
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Net Asset Value Method and others | DCF Model, Closed Form, Option Model, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Net Asset Value Method and others | ||
Inputs | Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient and others | Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient and others | ||
Debt securities | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 10,518,113 | [1] | ₩ 10,132,766 | |
Equity securities | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 2,092,313 | 2,103,843 | ||
Fair value | 2,092,313 | 2,103,843 | ||
Financial Assets Measured At Fair Value | 2,092,313 | 2,103,843 | ||
Equity securities | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 1,101,244 | 1,244,178 | ||
Equity securities | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 409,259 | ₩ 336,389 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Interest rate, Discount rate and others | Interest rate, Discount rate and others | ||
Equity securities | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 581,810 | [1] | ₩ 523,276 | |
Loans measured at fair value through profit or loss | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 337,983 | 427,545 | ||
Fair value | 337,983 | 427,545 | ||
Financial Assets Measured At Fair Value | 337,983 | 427,545 | ||
Loans measured at fair value through profit or loss | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Loans measured at fair value through profit or loss | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 299,227 | ₩ 239,412 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Interest rate, Discount rate and others | Interest rate, Discount rate and others | ||
Loans measured at fair value through profit or loss | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 38,756 | [1] | ₩ 188,133 | |
Others | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 89,965 | 79,805 | ||
Fair value | 89,965 | 79,805 | ||
Financial Assets Measured At Fair Value | 89,965 | 79,805 | ||
Others | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 89,965 | 79,805 | ||
Others | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Others | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 0 | [1] | 0 | |
Derivatives held for trading | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 5,210,512 | 3,008,598 | ||
Fair value | 5,210,512 | 3,008,598 | ||
Financial Assets Measured At Fair Value | ₩ 5,210,512 | 3,008,598 | ||
Description Of Valuation Processes Used In Fair Value Measurement Assets | For exchange traded derivatives, quoted price in an active market is used to determine fair value and for OTC derivatives, fair value is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair values of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including the Finite Difference Method ("FDM"), the MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form and Tree Model or valuation results from independent external professional valuation institution. | |||
Derivatives held for trading | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 90,459 | 72,983 | ||
Derivatives held for trading | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 4,678,185 | ₩ 2,398,831 | ||
Valuation techniques | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model and others | DCF Model, Closed Form, FDM, Option Model, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model and others | ||
Inputs | Discount rate, Underlying asset Index, Volatility, Interest rate, Stock price, Foreign exchange rate, Dividend yield and others | Discount rate, Underlying asset Index, Volatility, Correlation coefficient, Interest rate, Stock price, Foreign exchange rate, Dividend yield, Probability of default (PD), Credit spread and others | ||
Derivatives held for trading | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 441,868 | [1] | ₩ 536,784 | |
Derivatives held for hedging | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 334,873 | 182,075 | ||
Fair value | 334,873 | 182,075 | ||
Financial Assets Measured At Fair Value | ₩ 334,873 | 182,075 | ||
Description Of Valuation Processes Used In Fair Value Measurement Assets | For exchange traded derivatives, quoted price in an active market is used to determine fair value and for OTC derivatives, fair value is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair values of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including the Finite Difference Method ("FDM"), the MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form and Tree Model or valuation results from independent external professional valuation institution. | |||
Derivatives held for hedging | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 0 | 0 | ||
Derivatives held for hedging | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 334,873 | ₩ 182,075 | ||
Valuation techniques | DCF Model, Closed Form, FDM and others | DCF Model, Closed Form, FDM and others | ||
Inputs | Discount rate, Volatility, Foreign exchange rate and others | Discount rate, Volatility, Foreign exchange rate and Others | ||
Derivatives held for hedging | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 0 | [1] | ₩ 0 | |
Loans measured at amortized cost | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 377,166,984 | 339,684,059 | ||
Fair value | 378,791,808 | 340,836,884 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 378,791,808 | 340,836,884 | ||
Description Of Valuation Processes Used In Fair Value Measurement Assets | DCF model is used to determine the fair value of loans. Fair value is determined by discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. | |||
Loans measured at amortized cost | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 0 | 0 | ||
Loans measured at amortized cost | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 271,241 | 372,988 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 271,241 | ₩ 372,988 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Loans measured at amortized cost | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 378,520,567 | ₩ 340,463,896 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 378,520,567 | ₩ 340,463,896 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Credit spread, Other spread, Prepayment rate, Interest rate | Credit spread, Other spread, Prepayment rate, Interest rate | ||
Securities measured at amortized cost | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | ₩ 36,870,229 | ₩ 25,346,555 | ||
Fair value | 38,026,073 | 26,570,494 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 38,026,073 | 26,570,494 | ||
Description Of Valuation Processes Used In Fair Value Measurement Assets | Fair value of financial instruments that are quoted in active markets is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institution. The institutions use one or more of the following valuation techniques including DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method, deemed suitable considering the characteristics of the financial instruments. | |||
Securities measured at amortized cost | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 19,438,941 | 9,587,770 | ||
Securities measured at amortized cost | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 18,584,264 | 16,979,656 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 18,584,264 | ₩ 16,979,656 | ||
Valuation techniques | DCF Model, Monte Carlo Simulation | DCF Model, Monte Carlo Simulation | ||
Inputs | Discount rate, Interest rate | Discount rate, Interest rate | ||
Securities measured at amortized cost | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 2,868 | ₩ 3,068 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 2,868 | ₩ 3,068 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Interest rates | Interest rates | ||
Financial assets at fair value through other comprehensive income | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | ₩ 61,825,197 | ₩ 46,436,051 | ||
Fair value | 61,825,197 | 46,436,051 | ||
Financial Assets Measured At Fair Value | ₩ 61,825,197 | 46,436,051 | ||
Description Of Valuation Processes Used In Fair Value Measurement Assets | Fair value of financial instruments that are quoted in active markets is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institution. The institutions use one or more of the following valuation techniques including DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method, deemed suitable considering the characteristics of the financial instruments. | |||
Financial assets at fair value through other comprehensive income | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 18,731,801 | 15,188,993 | ||
Financial assets at fair value through other comprehensive income | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 40,645,505 | 29,764,660 | ||
Financial assets at fair value through other comprehensive income | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 2,447,891 | [1] | 1,482,398 | |
Debt securities | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 58,456,889 | 43,556,848 | ||
Fair value | 58,456,889 | 43,556,848 | ||
Financial Assets Measured At Fair Value | 58,456,889 | 43,556,848 | ||
Debt securities | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 18,147,167 | 14,236,566 | ||
Debt securities | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 40,309,722 | ₩ 29,320,282 | ||
Valuation techniques | DCF Model, Market value approach | DCF Model, Option model, Market value approach | ||
Inputs | Discount rate, Volatility and others | Discount rate, Underlying asset Index, Volatility, and others | ||
Debt securities | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 0 | [1] | ₩ 0 | |
Equity securities | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 3,074,899 | 2,504,105 | ||
Fair value | 3,074,899 | 2,504,105 | ||
Financial Assets Measured At Fair Value | 3,074,899 | 2,504,105 | ||
Equity securities | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 584,634 | 952,427 | ||
Equity securities | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 70,357 | ₩ 69,280 | ||
Valuation techniques | DCF Model | DCF Model, Black-Scholes Model | ||
Inputs | Interest rate, Discount rate and others | Discount rate, Underlying asset Index, Volatility, and others | ||
Equity securities | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 2,419,908 | [1] | ₩ 1,482,398 | |
Loans | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 293,409 | 375,098 | ||
Fair value | 293,409 | 375,098 | ||
Financial Assets Measured At Fair Value | 293,409 | 375,098 | ||
Loans | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Loans | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 265,426 | ₩ 375,098 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate, Volatility and others | Discount rate, Underlying asset Index, Volatility, and others | ||
Loans | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Measured At Fair Value | ₩ 27,983 | [1] | ₩ 0 | |
Others | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Carrying amount | 14,167,689 | 9,147,059 | ||
Fair value | 14,167,689 | 9,147,059 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 14,167,689 | 9,147,059 | |
Description Of Valuation Processes Used In Fair Value Measurement Assets | Carrying amounts are reasonable approximation of fair values. These financial instruments are temporary accounts used for other various transactions and their maturities are relatively short or not defined. | |||
Others | Level 1 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 0 | 0 | |
Others | Level 2 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | 0 | 0 | |
Others | Level 3 | ||||
Disclosure Of Fair Value Measurement Of Assets Line Items [Line Items] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 14,167,689 | ₩ 9,147,059 | |
[1] | Included KB Securities Co., Ltd.'s OTC derivatives consist of KRW 635,920 million of financial assets at fair value through profit or loss (debt instruments), KRW 9,201,431 million of financial liabilities designated at fair value through profit or loss, KRW 441,775 million of derivative financial assets and KRW 134,934 million of derivative financial liabilities. | |||
[2] | The amounts included in Level 2 are the carrying amounts which are reasonable approximations of the fair value. | |||
[3] | Borrowings of KRW 4,685 million and KRW 292 million included in Level 2 is the carrying amounts which are reasonable approximation of fair value as of December 31, 2019 and 2020, respectively. | |||
[4] | Other financial assets and other financial liabilities included in Level 3 are the carrying amounts which are reasonable approximation of fair value. |
Financial Assets and Financia_4
Financial Assets and Financial Liabilities_Fair Value Hierarchy Group Classifies And Discloses FairValue Of Financial Instruments(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Level 1 | |
Disclosure Of Fair Value Hierarchy Group Classifies And Discloses Fair Value Of Financial Instruments Line Items [Line Items] | |
Description Of Fair Value Hierarchy Classified And Disclosed By Group | Level 1: The fair values are based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. |
Level 2 | |
Disclosure Of Fair Value Hierarchy Group Classifies And Discloses Fair Value Of Financial Instruments Line Items [Line Items] | |
Description Of Fair Value Hierarchy Classified And Disclosed By Group | Level 2: The fair values are based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. |
Level 3 | |
Disclosure Of Fair Value Hierarchy Group Classifies And Discloses Fair Value Of Financial Instruments Line Items [Line Items] | |
Description Of Fair Value Hierarchy Classified And Disclosed By Group | Level 3: The fair values are based on unobservable inputs for the asset or liability. |
Financial Assets and Financia_5
Financial Assets and Financial Liabilities_Details Of Changes In Level3 Of The Fair Value Hierarchy(Details) - Level3 Of Fair Value Hierarchy Member [Member] - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Due from financial institutions measured at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | ₩ 51,125 | ₩ 48,743 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | (2,021) | 1,207 | |
Other comprehensive income (loss) | (7,693) | 1,175 | |
Purchases | 135,227 | 0 | |
Sales | (86,555) | 0 | |
Issues | 0 | 0 | |
Settlements | 0 | 0 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | 90,083 | 51,125 | |
Securities measured at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | 10,656,042 | 7,464,860 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | 22,069 | (66,208) | |
Other comprehensive income (loss) | 144,963 | 111,826 | |
Purchases | 3,519,573 | 4,544,254 | |
Sales | (3,263,111) | (2,139,174) | |
Issues | 0 | 0 | |
Settlements | 0 | 0 | |
Transfers into Level 3 | [1] | 129,580 | 851,457 |
Transfers out of Level 3 | [1] | (109,193) | (110,973) |
Ending balance | ₩ 11,099,923 | ₩ 10,656,042 | |
Description Of Reasons For Transfers Into Level3 Of Fair Value Hierarchy Assets | Changes in levels for the financial instruments occurred due to the change in the availability of observable market data. | The changes in levels for the financial instruments occurred due to the change in the availability of observable market data | |
Description Of Reasons For Transfers Out Of Level3 Of Fair Value Hierarchy Assets | Changes in levels for the financial instruments occurred due to the change in the availability of observable market data. | The changes in levels for the financial instruments occurred due to the change in the availability of observable market data | |
Loans measured at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | ₩ 188,133 | ₩ 213,203 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | 627 | 10,412 | |
Other comprehensive income (loss) | 0 | 0 | |
Purchases | 0 | 154,005 | |
Sales | (150,004) | (189,487) | |
Issues | 0 | 0 | |
Settlements | 0 | 0 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | 38,756 | 188,133 | |
Financial assets at fair value through other comprehensive income | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | 1,332,718 | ||
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | 0 | ||
Other comprehensive income (loss) | 55,993 | ||
Purchases | 95,359 | ||
Sales | (1,672) | ||
Issues | 0 | ||
Settlements | 0 | ||
Transfers into Level 3 | [1] | 0 | |
Transfers out of Level 3 | [1] | 0 | |
Equity securities measured at fair value through other comprehensive income | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | 1,482,398 | ||
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | (206) | ||
Other comprehensive income (loss) | 815,244 | ||
Purchases | 122,827 | ||
Sales | (355) | ||
Issues | 0 | ||
Settlements | 0 | ||
Transfers into Level 3 | [1] | 0 | |
Transfers out of Level 3 | [1] | 0 | |
Ending balance | 2,419,908 | 1,482,398 | |
Loans measured at fair value through other comprehensive income | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | 0 | ||
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | 0 | ||
Other comprehensive income (loss) | (217) | ||
Purchases | 40,000 | ||
Sales | (11,800) | ||
Issues | 0 | ||
Settlements | 0 | ||
Transfers into Level 3 | [1] | 0 | |
Transfers out of Level 3 | [1] | 0 | |
Ending balance | 27,983 | 0 | |
Financial liabilities designated at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | (11,222,032) | (10,873,383) | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | (406,788) | (1,285,157) | |
Other comprehensive income (loss) | (27,876) | (25,538) | |
Purchases | 0 | 0 | |
Sales | 0 | 0 | |
Issues | (9,333,419) | (12,416,402) | |
Settlements | 11,788,684 | 13,378,448 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | (9,201,431) | (11,222,032) | |
Derivatives held for trading | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Beginning balance | 309,966 | (300,131) | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy Abstract [Abstract] | |||
Profit or loss | 400,241 | 851,453 | |
Other comprehensive income (loss) | 0 | 0 | |
Purchases | (24,165) | 0 | |
Sales | (328,348) | (163,856) | |
Issues | (42,732) | (59,202) | |
Settlements | 90 | (1,316) | |
Transfers into Level 3 | [1] | (1,044) | (16,982) |
Transfers out of Level 3 | [1] | (13,587) | 0 |
Ending balance | ₩ 300,421 | ₩ 309,966 | |
Description Of Reasons For Transfers Into Level3 Of Fair Value Hierarchy Assets | Changes in levels for the financial instruments occurred due to the change in the availability of observable market data. | The changes in levels for the financial instruments occurred due to the change in the availability of observable market data | |
[1] | Changes in levels for the financial instruments occurred due to the change in the availability of observable market data. |
Financial Assets and Financia_6
Financial Assets and Financial Liabilities_Total Gains Or Losses Recognized In Profit Or Loss For The Period(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Net gains(losses) on financial instruments at fair value through profit or loss | |||
Total Gain Or Losses From Changes In Level3 Fair Value Hierarchy Line Items [Line Items] | |||
Total gains (losses) recognized in profit or loss for the year | ₩ 70,251 | ₩ (489,703) | ₩ (36,466) |
Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting year | 129,824 | (37,668) | 144,674 |
Other operating income(expenses) | |||
Total Gain Or Losses From Changes In Level3 Fair Value Hierarchy Line Items [Line Items] | |||
Total gains (losses) recognized in profit or loss for the year | (56,329) | 1,388 | (405) |
Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting year | (60,884) | 1,331 | (289) |
Net interest income | |||
Total Gain Or Losses From Changes In Level3 Fair Value Hierarchy Line Items [Line Items] | |||
Total gains (losses) recognized in profit or loss for the year | 0 | 22 | 617 |
Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting year | ₩ 0 | ₩ 0 | ₩ 43 |
Financial Assets and Financia_7
Financial Assets and Financial Liabilities_Information About Fair Value Measurements Using Unobservable Inputs Assets(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 14,118,521 | ₩ 12,914,482 |
Due from financial institutions | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 90,083 | ₩ 51,125 |
Valuation techniques | MonteCarlo Simulation | Option Model |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility of the underlying asset, the higher the fair value fluctuation | The higher the volatility of the underlying asset, the higher the fair value fluctuation |
Relationship Of Correlation Coefficient | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Due from financial institutions | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 19.40% | 11.43% |
Correlation Coefficient Unobservable Inputs Assets | 12.27% | (4.84%) |
Due from financial institutions | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 36.76% | 34.39% |
Correlation Coefficient Unobservable Inputs Assets | 12.27% | (4.84%) |
Debt securities | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 10,518,113 | ₩ 10,132,766 |
Valuation techniques | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Income approach, Market approach and others | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value, Income approach, Market approach and others |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility, the higher the fair value fluctuation | |
Relationship Of Correlation Coefficient Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Relationship Of Growth Rate | The higher the growth rate, the higher the fair value | The higher the growth rate, the higher the fair value |
Relationship Of Liquidation Value | The higher the liquidation value, the higher the fair value | The higher the liquidation value, the higher the fair value |
Relationship Of Recovery Rate | The higher the recovery rate, the higher the fair value | The higher the recovery rate, the higher the fair value |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | |
Relationship Of Volatility of real estate price | The higher the price of real estate, the higher the fair value | The higher the price of real estate, the higher the fair value |
Debt securities | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | (61.12%) | 3.11% |
Discount Rate Unobservable Inputs Assets | 0.00% | 0.75% |
Growth Rate Unobservable Inputs Assets | 0.00% | (1.00%) |
Liquidation Value Unobservable Inputs Assets | 0.00% | 0.00% |
Recovery Rate Unobservable Inputs Assets | 40.00% | 40.00% |
Volatility Unobservable Inputs Assets | 8.00% | 1.00% |
Volatility of real estate price Unobservable Inputs Assets | 0.00% | (1.00%) |
Debt securities | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | 100.00% | 95.67% |
Discount Rate Unobservable Inputs Assets | 21.37% | 17.37% |
Growth Rate Unobservable Inputs Assets | 2.00% | 1.00% |
Liquidation Value Unobservable Inputs Assets | 0.00% | 0.00% |
Recovery Rate Unobservable Inputs Assets | 40.00% | 40.00% |
Volatility Unobservable Inputs Assets | 179.75% | 48.00% |
Volatility of real estate price Unobservable Inputs Assets | 0.00% | 1.00% |
Equity securities | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 581,810 | ₩ 523,276 |
Valuation techniques | Income approach, Market approach, Asset value approach, DCF Model, Comparable Company Analysis, Risk adjusted discount rate method, Dividend Discount Model, Usage of past transactions, Binomial Model and others | Income approach, Market value approach, Asset value approach, DCF Model, Comparable Company Analysis, Risk adjusted discount rate method, Dividend Discount Model, Usage of past transactions, Binomial Model and others |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Relationship Of Growth Rate | The higher the growth rate, the higher the fair value | The higher the growth rate, the higher the fair value |
Relationship Of Liquidation Value | The higher the liquidation value, the higher the fair value | The higher the liquidation value, the higher the fair value |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | |
Equity securities | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Discount Rate Unobservable Inputs Assets | 0.60% | 2.00% |
Growth Rate Unobservable Inputs Assets | 0.00% | 0.00% |
Liquidation Value Unobservable Inputs Assets | 0.00% | (1.00%) |
Volatility Unobservable Inputs Assets | 11.90% | |
Equity securities | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Discount Rate Unobservable Inputs Assets | 18.67% | 22.00% |
Growth Rate Unobservable Inputs Assets | 1.10% | 2.20% |
Liquidation Value Unobservable Inputs Assets | 0.00% | 1.00% |
Volatility Unobservable Inputs Assets | 11.90% | |
Loans measured at fair value through profit or loss | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 38,756 | ₩ 188,133 |
Valuation techniques | Binomial Model, DCF Model | Binomial Model, DCF Model |
Relationship Of Volatility Of the Stock Price | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Loans measured at fair value through profit or loss | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Volatility Of The Stock Price Unobservable Inputs Assets | 0.00% | 12.91% |
Discount Rate Unobservable Inputs Assets | 7.86% | 10.81% |
Loans measured at fair value through profit or loss | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Volatility Of The Stock Price Unobservable Inputs Assets | 0.00% | 48.28% |
Discount Rate Unobservable Inputs Assets | 7.86% | 10.81% |
Stock and index | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 382,337 | ₩ 416,486 |
Valuation techniques | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Binomial Model | DCF Model, Closed Form, FDM, Monte Carlo Simulation, Hull and White Model, Black-Scholes Model, Binomial Model |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility, the higher the fair value fluctuation | The higher the volatility of the underlying asset, the higher the fair value fluctuation |
Relationship Of Correlation Coefficient Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Stock and index | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 20.00% | 9.75% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | (61.12%) | 4.00% |
Stock and index | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 72.00% | 52.00% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | 89.01% | 77.00% |
Currency and interest rate | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 120,298 | |
Valuation techniques | DCF Model, Hull-White Model | |
Relationship Of Correlation Coefficient Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | |
Currency and interest rate | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | (49.00%) | |
Volatility Unobservable Inputs Assets | 2.00% | |
Currency and interest rate | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | 90.00% | |
Volatility Unobservable Inputs Assets | 58.00% | |
Others | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 59,531 | |
Valuation techniques | DCF Model, Hull-White Model | |
Relationship Of Correlation Coefficient Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | |
Others | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | (50.48%) | |
Volatility Unobservable Inputs Assets | 0.00% | |
Others | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | 90.95% | |
Volatility Unobservable Inputs Assets | 68.00% | |
Equity securities | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 2,419,908 | ₩ 1,482,398 |
Valuation techniques | Risk adjusted discount rate method, IMV Model, DCF Model, Comparable Company Analysis, Dividend discount model, Option Model, Net Asset Value Method, Market approach, One Factor Hull-White Model and others | Risk adjusted discount rate method, IMV Model, DCF Model, Comparable Company Analysis, Dividend discount model, Option Model, Net Asset value method, Market approach, One Factor Hull-White Model and others |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Relationship Of Growth Rate | The higher the growth rate, the higher the fair value | The higher the growth rate, the higher the fair value |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Equity securities | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Discount Rate Unobservable Inputs Assets | 7.60% | 3.04% |
Growth Rate Unobservable Inputs Assets | 0.00% | 0.00% |
Volatility Unobservable Inputs Assets | 22.11% | 20.97% |
Equity securities | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Discount Rate Unobservable Inputs Assets | 19.67% | 16.37% |
Growth Rate Unobservable Inputs Assets | 2.00% | 2.20% |
Volatility Unobservable Inputs Assets | 24.16% | 34.87% |
Loans | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 27,983 | |
Valuation techniques | DCF Model | |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | |
Loans | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Discount Rate Unobservable Inputs Assets | 2.10% | |
Loans | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Discount Rate Unobservable Inputs Assets | 4.21% |
Financial Assets and Financia_8
Financial Assets and Financial Liabilities_Information About Fair Value Measurements Using Unobservable Inputs Liablities(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Fair value | ₩ 9,342,878 | ₩ 11,448,850 |
Derivative linked securities | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Fair value | ₩ 9,201,431 | ₩ 11,222,032 |
Valuation techniques | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model | DCF Model, Closed Form, FDM, Monte Carlo Simulation, Hull and White Model, Black Scholes-Model |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Relationship Of Correlation Between Underlying Asset | The higher the absolute value of correlation coefficient, the higher the fair value fluctuation | The higher the absolute value of correlation coefficient, the higher the fair value fluctuation |
Derivative linked securities | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 1.00% | 1.00% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | (61.12%) | (49.00%) |
Derivative linked securities | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 72.00% | 58.00% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | 90.95% | 90.00% |
Stock and index | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Fair value | ₩ 60,291 | ₩ 54,341 |
Valuation techniques | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Binomial Model | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Binomial Model |
Relationship Of Correlation Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Stock and index | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | (61.12%) | 9.00% |
Volatility Unobservable Inputs Liabilities | 20.00% | 12.00% |
Stock and index | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | 90.95% | 77.00% |
Volatility Unobservable Inputs Liabilities | 68.00% | 52.00% |
Others | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Fair value | ₩ 81,156 | ₩ 172,477 |
Valuation techniques | MonteCarlo Simulation, Hull and White Model, DCF Model, Closed Form | MonteCarlo Simulation, Hull and White Model, DCF Model, Closed Form |
Relationship Of Correlation Between Underlying Asset | The higher the absolute value of correlation coefficient, the higher the fair value fluctuation | The higher the absolute value of correlation coefficient, the higher the fair value fluctuation |
Relationship Of Volatility Of The Interest Rate | The higher the volatility, the higher the fair value fluctuation | |
Relationship Of Volatility Of the Stock Price | The higher the volatility, the higher the fair value fluctuation | |
Relationship Of Discount Rate | The higher the discount rate, the lower the fair value | The higher the discount rate, the lower the fair value |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Others | Bottom Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | (50.48%) | 19.00% |
Volatility Of The Stock Price Unobservable Inputs Liabilities | 16.28% | |
Volatility Of The Interest Rate Unobservable Inputs Liabilities | 0.52% | |
Discount Rate Unobservable Inputs Liabilities | 1.50% | 1.94% |
Volatility Unobservable Inputs Liabilities | 21.00% | 2.00% |
Others | Top Of Range Member [Member] | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Liabilities Line Items [Line Items] | ||
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | 90.95% | 90.00% |
Volatility Of The Stock Price Unobservable Inputs Liabilities | 16.28% | |
Volatility Of The Interest Rate Unobservable Inputs Liabilities | 0.52% | |
Discount Rate Unobservable Inputs Liabilities | 1.29% | 2.00% |
Volatility Unobservable Inputs Liabilities | 68.00% | 58.00% |
Financial Assets and Financia_9
Financial Assets and Financial Liabilities_Sensitivity Analysis Of Changes In Unobservable Inputs Assets(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | ||||
Recognition in profit or loss | |||||
Favorable changes | ₩ 78,016 | ₩ 87,422 | |||
Unfavorable changes | (49,068) | (70,977) | |||
Other comprehensive income | |||||
Favorable changes | 124,481 | 217,721 | |||
Unfavorable changes | (77,040) | (113,789) | |||
Due from financial institutions measured at fair value through profit or loss | |||||
Recognition in profit or loss | |||||
Favorable changes | [1] | 2 | 3 | ||
Unfavorable changes | [1] | (2) | (3) | ||
Other comprehensive income | |||||
Favorable changes | [1] | 199 | 2 | ||
Unfavorable changes | [1] | ₩ (222) | ₩ (2) | ||
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Assets | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. | |||
Debt securities | |||||
Recognition in profit or loss | |||||
Favorable changes | [1],[2] | ₩ 35,790 | ₩ 30,771 | ||
Unfavorable changes | [1],[2] | (12,826) | (27,062) | ||
Other comprehensive income | |||||
Favorable changes | [1],[2] | 2,123 | 2,341 | ||
Unfavorable changes | [1],[2] | ₩ (2,122) | ₩ (2,276) | ||
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Assets | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. For beneficiary certificates, it is practically impossible to analyze sensitivity of changes in unobservable inputs. But only for beneficiary certificates whose underlying assets are real estates, changes in fair value are calculated by shifting correlation between discount rate of rent cashflow (-1~1%) and volatility of real estate price (-1~1%). | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. For beneficiary certificates, it is practically impossible to analyze sensitivity of changes in unobservable inputs. But only for beneficiary certificates whose underlying assets are real estates, changes in fair value are calculated by shifting correlation between discount rate of rent cashflow (-1~1%) and volatility of real estate price (-1~1%). | |||
Equity securities | |||||
Recognition in profit or loss | |||||
Favorable changes | [1],[3] | ₩ 16,125 | ₩ 24,456 | ||
Unfavorable changes | [1],[3] | (8,275) | (10,251) | ||
Other comprehensive income | |||||
Favorable changes | [1],[3] | 973 | 1,110 | ||
Unfavorable changes | [1],[3] | ₩ (744) | ₩ (824) | ||
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Assets | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. | |||
Loans measured at fair value through profit or loss | |||||
Recognition in profit or loss | |||||
Favorable changes | [4] | ₩ 3,316 | [1] | ₩ 6,362 | |
Unfavorable changes | [1],[4] | (2,952) | (4,344) | ||
Other comprehensive income | |||||
Favorable changes | [1],[4] | 0 | 0 | ||
Unfavorable changes | [1],[4] | ₩ 0 | ₩ 0 | ||
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Assets | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. For loans, changes in fair value are calculated by shifting principal unobservable input parameters such as stock price, volatility of stock price (-10~10%), discount rate (-1~1%). | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. For loans, changes in fair value are calculated by shifting principal unobservable input parameters such as stock price, volatility of stock price (-10~10%), discount rate (-1~1%). | |||
Derivatives held for trading | |||||
Recognition in profit or loss | |||||
Favorable changes | [5] | ₩ 22,783 | ₩ 25,830 | ||
Unfavorable changes | [5] | (25,013) | (29,317) | ||
Other comprehensive income | |||||
Favorable changes | [5] | 0 | 0 | ||
Unfavorable changes | [5] | ₩ 0 | ₩ 0 | ||
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Assets | For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by increase of decrease 10% and the loss given default ratio, discount rate by increase of decrease 1%. | For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by increase of decrease 10% and the loss given default ratio, discount rate by increase of decrease 1%. | |||
Equity securities | |||||
Recognition in profit or loss | |||||
Favorable changes | [3] | ₩ 0 | ₩ 0 | ||
Unfavorable changes | [3] | 0 | 0 | ||
Other comprehensive income | |||||
Favorable changes | [3] | 120,652 | 214,268 | [6] | |
Unfavorable changes | [3] | ₩ (73,434) | ₩ (110,687) | [6] | |
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Assets | For equity securities, changes in fair value are calculated by shifting principal unobservable input parameters; such as, correlation between growth rate (0~1%) and discount rate (-1~1%) or between liquidation value (-1~1%) and discount rate (-1~1%). | For equity securities, changes in fair value are calculated by shifting principal unobservable input parameters; such as, correlation between growth rate (0~1%) and discount rate (-1~1%) or between liquidation value (-1~1%) and discount rate (-1~1%). | |||
Loans | |||||
Other comprehensive income | |||||
Favorable changes | [6] | ₩ 534 | |||
Unfavorable changes | [6] | ₩ (518) | |||
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Assets | For loans measured at fair value through other comprehensive income, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate, volatility of the underlying asset 1%, growth rate 10%. | ||||
[1] | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. | ||||
[2] | For beneficiary certificates, it is practically impossible to analyze sensitivity of changes in unobservable inputs. But only for beneficiary certificates whose underlying assets are real estates, changes in fair value are calculated by shifting correlation between discount rate of rent cashflow (-1~1%) and volatility of real estate price (-1~1%). | ||||
[3] | For equity securities, changes in fair value are calculated by shifting principal unobservable input parameters; such as, correlation between growth rate (0~1%) and discount rate (-1~1%) or between liquidation value (-1~1%) and discount rate (-1~1%). | ||||
[4] | For loans, changes in fair value are calculated by shifting principal unobservable input parameters such as stock price, volatility of stock price (-10~10%), discount rate (-1~1%). | ||||
[5] | For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by increase of decrease 10% and the loss given default ratio, discount rate by increase of decrease 1%. | ||||
[6] | For loans measured at fair value through other comprehensive income, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate, volatility of the underlying asset 1%, growth rate 10%. |
Financial Assets and Financi_10
Financial Assets and Financial Liabilities_Sensitivity Analysis Of Changes In Unobservable Inputs Liablities(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Recognition in profit or loss | |||
Faverable changes | ₩ 54,114 | ₩ 64,368 | |
Unfaverable changes | (50,134) | (57,708) | |
Other comprehensive income | |||
Faverable changes | 0 | 0 | |
Unfaverable changes | 0 | 0 | |
Financial instruments designated at fair value through profit or loss | |||
Recognition in profit or loss | |||
Faverable changes | 46,859 | 49,730 | |
Unfaverable changes | (42,995) | (44,136) | |
Other comprehensive income | |||
Faverable changes | 0 | 0 | |
Unfaverable changes | ₩ 0 | ₩ 0 | |
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Liabilities | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. | For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as volatility of the underlying asset or correlation coefficient between underlying asset by increase of decrease 10%. | |
Derivatives held for trading | |||
Recognition in profit or loss | |||
Faverable changes | [1] | ₩ 7,255 | ₩ 14,638 |
Unfaverable changes | [1] | (7,139) | (13,572) |
Other comprehensive income | |||
Faverable changes | [1] | 0 | 0 |
Unfaverable changes | [1] | ₩ 0 | ₩ 0 |
Description Of Interrelationships Between Unobservable Inputs And Of How They Might Magnify Or Mitigate Effect Of Changes In Unobservable Inputs On Fair Value Measurement Liabilities | For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by increase of decrease 10% and the loss given default ratio, discount rate by increase of decrease 1%. | For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by increase of decrease 10% and the loss given default ratio, discount rate by increase of decrease 1%. | |
[1] | For derivatives financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters; such as, price of underlying asset, volatility of stock price, volatility of interest rate by increase of decrease 10% and the loss given default ratio, discount rate by increase of decrease 1%. |
Financial Assets and Financi_11
Financial Assets and Financial Liabilities_Day One Gain Or Loss(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Reconciliation Of Aggregate Difference Between Fair Value At Initial Recognition And Amount Determined Using Valuation Technique Yet To Be Recognised Abstract [Abstract] | ||
Balance at the beginning of the year | ₩ 45,767 | ₩ 62,155 |
New transactions | 166,555 | 168,225 |
Changes during the year | (150,929) | (184,613) |
Balance at the end of the year | ₩ 61,393 | ₩ 45,767 |
Financial Assets and Financi_12
Financial Assets and Financial Liabilities_Carrying Amounts Of Financial Instruments By Category Assets(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | ₩ 582,219,781 | ₩ 498,191,361 |
Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 25,608,842 | 20,837,878 |
Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 61,035,455 | 53,549,086 |
Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 5,545,385 | 3,190,673 |
Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 377,166,984 | 339,684,059 |
Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 98,695,426 | 71,782,606 |
Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 14,167,689 | 9,147,059 |
Financial instruments at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 66,245,967 | 56,557,684 |
Financial instruments at fair value through profit or loss | Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through profit or loss | Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 61,035,455 | 53,549,086 |
Financial instruments at fair value through profit or loss | Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 5,210,512 | 3,008,598 |
Financial instruments at fair value through profit or loss | Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through profit or loss | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through profit or loss | Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through other comprehensive income | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 58,750,298 | 43,931,946 |
Financial instruments at fair value through other comprehensive income | Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through other comprehensive income | Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through other comprehensive income | Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through other comprehensive income | Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at fair value through other comprehensive income | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 58,750,298 | 43,931,946 |
Financial instruments at fair value through other comprehensive income | Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments designated at fair value through other comprehensive income | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 3,074,899 | 2,504,105 |
Financial instruments designated at fair value through other comprehensive income | Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments designated at fair value through other comprehensive income | Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments designated at fair value through other comprehensive income | Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments designated at fair value through other comprehensive income | Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments designated at fair value through other comprehensive income | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 3,074,899 | 2,504,105 |
Financial instruments designated at fair value through other comprehensive income | Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 453,813,744 | 395,015,551 |
Financial instruments at amortized cost | Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 25,608,842 | 20,837,878 |
Financial instruments at amortized cost | Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at amortized cost | Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Financial instruments at amortized cost | Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 377,166,984 | 339,684,059 |
Financial instruments at amortized cost | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 36,870,229 | 25,346,555 |
Financial instruments at amortized cost | Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 14,167,689 | 9,147,059 |
Derivatives held for hedging | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 334,873 | 182,075 |
Derivatives held for hedging | Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Derivatives held for hedging | Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Derivatives held for hedging | Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 334,873 | 182,075 |
Derivatives held for hedging | Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Derivatives held for hedging | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | 0 | 0 |
Derivatives held for hedging | Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial Assets | ₩ 0 | ₩ 0 |
Financial Assets and Financi_13
Financial Assets and Financial Liabilities_Carrying Amounts Of Financial Instruments By Category Liabilities(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | ₩ 496,813,305 | ₩ 435,352,295 |
Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 11,810,058 | 15,368,153 |
Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 5,222,897 | 3,007,341 |
Deposits | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 338,580,220 | 305,592,771 |
Borrowings | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 49,827,156 | 37,818,860 |
Debentures | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 62,760,687 | 50,935,583 |
Other financial liabilities | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 28,612,287 | 22,629,587 |
Financial instruments at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 7,040,023 | 5,506,277 |
Financial instruments at fair value through profit or loss | Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 2,025,951 | 2,663,327 |
Financial instruments at fair value through profit or loss | Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 5,014,072 | 2,842,950 |
Financial instruments at fair value through profit or loss | Deposits | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments at fair value through profit or loss | Borrowings | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments at fair value through profit or loss | Debentures | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments at fair value through profit or loss | Other financial liabilities | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments designated at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 9,784,107 | 12,704,826 |
Financial instruments designated at fair value through profit or loss | Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 9,784,107 | 12,704,826 |
Financial instruments designated at fair value through profit or loss | Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments designated at fair value through profit or loss | Deposits | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments designated at fair value through profit or loss | Borrowings | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments designated at fair value through profit or loss | Debentures | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments designated at fair value through profit or loss | Other financial liabilities | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments at amortized cost | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 479,780,351 | 416,976,801 |
Financial instruments at amortized cost | Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments at amortized cost | Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Financial instruments at amortized cost | Deposits | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 338,580,220 | 305,592,771 |
Financial instruments at amortized cost | Borrowings | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 49,827,156 | 37,818,860 |
Financial instruments at amortized cost | Debentures | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 62,760,687 | 50,935,583 |
Financial instruments at amortized cost | Other financial liabilities | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 28,612,288 | 22,629,587 |
Derivatives held for hedging | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 208,825 | 164,391 |
Derivatives held for hedging | Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Derivatives held for hedging | Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 208,825 | 164,391 |
Derivatives held for hedging | Deposits | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Derivatives held for hedging | Borrowings | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Derivatives held for hedging | Debentures | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | 0 | 0 |
Derivatives held for hedging | Other financial liabilities | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial Liabilities | ₩ 0 | ₩ 0 |
Financial Assets and Financi_14
Financial Assets and Financial Liabilities_The Maximum Exposure To Loss From Its Continuing Involvement In The Derecognized Financial Assets(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure Of Continuing Involvement In Derecognised Financial Assets Line Items [Line Items] | ||
Carrying amount of continuing involvement | ₩ 13,202 | ₩ 20,404 |
Fair value of continuing involvement | 13,202 | 20,404 |
Financial assets at fair value through profit or loss | Subordinate debt | Discovery 2nd Securitization Specialty Co., Ltd. | ||
Disclosure Of Continuing Involvement In Derecognised Financial Assets Line Items [Line Items] | ||
Carrying amount of continuing involvement | 5,190 | 5,596 |
Fair value of continuing involvement | 5,190 | 5,596 |
Financial assets at fair value through profit or loss | Subordinate debt | FK 1411 ABS Ltd. | ||
Disclosure Of Continuing Involvement In Derecognised Financial Assets Line Items [Line Items] | ||
Carrying amount of continuing involvement | 1,062 | 5,428 |
Fair value of continuing involvement | 1,062 | 5,428 |
Financial assets at fair value through profit or loss | Subordinate debt | AP 3B ABS Ltd. | ||
Disclosure Of Continuing Involvement In Derecognised Financial Assets Line Items [Line Items] | ||
Carrying amount of continuing involvement | 646 | 3,205 |
Fair value of continuing involvement | 646 | 3,205 |
Financial assets at fair value through profit or loss | Subordinate debt | AP 4D ABS Ltd. | ||
Disclosure Of Continuing Involvement In Derecognised Financial Assets Line Items [Line Items] | ||
Carrying amount of continuing involvement | 6,304 | 6,175 |
Fair value of continuing involvement | ₩ 6,304 | ₩ 6,175 |
Financial Assets and Financi_15
Financial Assets and Financial Liabilities_Transferred Financial Assets That Are Not Derecognized In Their Entirety(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Loans Securitised For Senior Debentures Member [Member] | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Carrying amount of underlying assets | ₩ 2,592,507 | ₩ 2,501,307 | |
Fair value of underlying assets | 2,580,928 | 2,463,284 | |
Carrying amount of senior debentures | 1,507,460 | 1,460,298 | |
Fair value of senior debentures | ₩ 1,595,785 | ₩ 1,457,459 | |
KB Kookmin Card 3rd Securitization Co., Ltd. | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Description Of Nature Of Relationship Between Transferred Financial Assets That Are Not Derecognised In Their Entirety And Associated Liabilities | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | ||
Carrying amount of underlying assets | [1] | ₩ 601,659 | |
Fair value of underlying assets | [1] | 592,358 | |
Carrying amount of senior debentures | [1] | 351,207 | |
Fair value of senior debentures | [1] | ₩ 342,204 | |
KB Kookmin Card 4th Securitization Co., Ltd. | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Description Of Nature Of Relationship Between Transferred Financial Assets That Are Not Derecognised In Their Entirety And Associated Liabilities | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | |
Carrying amount of underlying assets | [1] | ₩ 490,465 | ₩ 560,903 |
Fair value of underlying assets | [1] | 488,251 | 552,216 |
Carrying amount of senior debentures | [1] | 219,419 | 347,387 |
Fair value of senior debentures | [1] | ₩ 226,401 | ₩ 340,820 |
KB Kookmin Card 5th Securitization Co., Ltd. | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Description Of Nature Of Relationship Between Transferred Financial Assets That Are Not Derecognised In Their Entirety And Associated Liabilities | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | |
Carrying amount of underlying assets | [1] | ₩ 476,523 | ₩ 542,861 |
Fair value of underlying assets | [1] | 474,481 | 534,630 |
Carrying amount of senior debentures | [1] | 299,838 | 299,795 |
Fair value of senior debentures | [1] | ₩ 304,914 | ₩ 304,835 |
KB Kookmin Card 6th Securitization Co., Ltd. | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Description Of Nature Of Relationship Between Transferred Financial Assets That Are Not Derecognised In Their Entirety And Associated Liabilities | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | |
Carrying amount of underlying assets | [1] | ₩ 701,360 | ₩ 795,884 |
Fair value of underlying assets | [1] | 698,421 | 784,080 |
Carrying amount of senior debentures | [1] | 434,492 | 461,909 |
Fair value of senior debentures | [1] | ₩ 472,861 | 469,600 |
KB Kookmin Card 7th Securitization Co., Ltd. | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Description Of Nature Of Relationship Between Transferred Financial Assets That Are Not Derecognised In Their Entirety And Associated Liabilities | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | ||
Carrying amount of underlying assets | [1] | ₩ 924,159 | |
Fair value of underlying assets | [1] | 919,775 | |
Carrying amount of senior debentures | [1] | 553,711 | |
Fair value of senior debentures | [1] | 591,609 | |
Securiteis Under Repurchase Agreement And Loaned Securities Member [Member] | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Carring Amount of transferred assets | 15,845,836 | 11,577,679 | |
Carrying amount of senior debentures | 13,398,140 | 8,884,847 | |
Bonds sold under repurchase agreements | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Carring Amount of transferred assets | [2] | 13,994,352 | 9,292,858 |
Carrying amount of senior debentures | [2] | 13,398,140 | 8,884,847 |
Amounts of the bonds sold under repurchase agreements | 2,147,975 | 4,126,274 | |
Government bond | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Carring Amount of transferred assets | 1,831,673 | 2,259,096 | |
Carrying amount of senior debentures | 0 | 0 | |
Stock | |||
Disclosure Of Financial Assets Transferred During Period Which Do Not Qualify For Derecognition Line Items [Line Items] | |||
Carring Amount of transferred assets | 19,811 | 25,725 | |
Carrying amount of senior debentures | ₩ 0 | ₩ 0 | |
[1] | The Group has an obligation to early redeem the asset-backed debentures upon occurrence of an event specified in the agreement such as when the outstanding balance of the eligible asset-backed securitization (ABS), a trust-type ABS, is below the solvency margin ratio (minimum rate: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | ||
[2] | Bonds sold under repurchase agreements using borrowed securities as collateral amounts to KRW 4,126,274 million and KRW 2,147,975 million as of December 31, 2019 and 2020, respectively. |
Financial Assets and Financi_16
Financial Assets and Financial Liabilities_Details Of Financial Assets Subject To Offsetting(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | ||
Gross assets | ₩ 54,906,857 | ₩ 45,172,197 |
Gross liabilities offset | (41,298,745) | (31,817,137) |
Net amounts in the statement of financial position | 13,608,112 | 13,355,060 |
Non-offsetting amount | ||
Financial Instruments | (10,975,398) | (11,681,814) |
Cash Collateral | (263,564) | (288,040) |
Net amount | 2,369,150 | 1,385,206 |
Derivatives held for trading and Derivatives linked securities | ||
Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | ||
Gross assets | 5,425,708 | 3,043,757 |
Gross liabilities offset | 0 | 0 |
Net amounts in the statement of financial position | 5,425,708 | 3,043,757 |
Non-offsetting amount | ||
Financial Instruments | (3,940,729) | (2,122,160) |
Cash Collateral | (263,564) | (288,040) |
Net amount | 1,556,289 | 815,632 |
Derivatives held for hedging | ||
Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | ||
Gross assets | 334,874 | 182,075 |
Gross liabilities offset | 0 | 0 |
Net amounts in the statement of financial position | 334,874 | 182,075 |
Non-offsetting amount | ||
Financial Instruments | 0 | 0 |
Cash Collateral | 0 | 0 |
Net amount | 0 | 0 |
Receivable spot exchange | ||
Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | ||
Gross assets | 3,435,657 | 3,051,390 |
Gross liabilities offset | 0 | 0 |
Net amounts in the statement of financial position | 3,435,657 | 3,051,390 |
Non-offsetting amount | ||
Financial Instruments | (3,434,222) | (3,050,116) |
Cash Collateral | 0 | 0 |
Net amount | 1,435 | 1,274 |
Bonds purchased under repurchase agreements | ||
Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | ||
Gross assets | 3,600,447 | 6,507,646 |
Gross liabilities offset | 0 | 0 |
Net amounts in the statement of financial position | 3,600,447 | 6,507,646 |
Non-offsetting amount | ||
Financial Instruments | (3,600,447) | (6,507,046) |
Cash Collateral | 0 | 0 |
Net amount | 0 | 600 |
Domestic exchange settlement debits | ||
Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | ||
Gross assets | 37,549,292 | 31,344,009 |
Gross liabilities offset | (36,823,836) | (30,794,160) |
Net amounts in the statement of financial position | 725,456 | 549,849 |
Non-offsetting amount | ||
Financial Instruments | 0 | 0 |
Cash Collateral | 0 | 0 |
Net amount | 725,456 | 549,849 |
Other financial instruments | ||
Net Financial Assets Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | ||
Gross assets | 4,560,879 | 1,043,320 |
Gross liabilities offset | (4,474,909) | (1,022,977) |
Net amounts in the statement of financial position | 85,970 | 20,343 |
Non-offsetting amount | ||
Financial Instruments | 0 | (2,492) |
Cash Collateral | 0 | 0 |
Net amount | ₩ 85,970 | ₩ 17,851 |
Financial Assets and Financi_17
Financial Assets and Financial Liabilities_Details Of Financial Liabilities Subject To Offsetting(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | ₩ 69,730,430 | ₩ 55,769,992 | |
Gross assets offset | (41,310,544) | (31,817,137) | |
Net amounts in the statement of financial position | 28,419,886 | 23,952,855 | |
Non-offsetting amount | |||
Financial Instruments | (25,985,729) | (22,876,090) | |
Cash Collateral | (77,324) | (92,565) | |
Net amount | 2,356,833 | 984,200 | |
Derivatives held for trading and Derivatives linked securities | |||
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | 5,300,028 | 2,936,638 | |
Gross assets offset | 0 | 0 | |
Net amounts in the statement of financial position | 5,300,028 | 2,936,638 | |
Non-offsetting amount | |||
Financial Instruments | (3,365,443) | (2,182,243) | |
Cash Collateral | (77,324) | (92,565) | |
Net amount | 2,066,086 | 826,221 | |
Derivatives held for hedging | |||
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | 208,825 | 164,391 | |
Gross assets offset | 0 | 0 | |
Net amounts in the statement of financial position | 208,825 | 164,391 | |
Non-offsetting amount | |||
Financial Instruments | 0 | 0 | |
Cash Collateral | 0 | 0 | |
Net amount | 0 | 0 | |
Payable spot exchange | |||
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | 3,434,887 | 3,050,982 | |
Gross assets offset | 0 | 0 | |
Net amounts in the statement of financial position | 3,434,887 | 3,050,982 | |
Non-offsetting amount | |||
Financial Instruments | (3,434,222) | (3,034,679) | |
Cash Collateral | 0 | 0 | |
Net amount | 665 | 16,303 | |
Bonds sold under repurchase agreements | |||
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | [1] | 16,329,799 | 13,011,121 |
Gross assets offset | [1] | (11,800) | 0 |
Net amounts in the statement of financial position | [1] | 16,317,999 | 13,011,121 |
Non-offsetting amount | |||
Financial Instruments | [1] | (16,317,999) | (13,000,321) |
Cash Collateral | [1] | 0 | 0 |
Net amount | [1] | 0 | 10,800 |
Securities borrowing agreements | |||
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | 1,934,736 | 2,583,092 | |
Gross assets offset | 0 | 0 | |
Net amounts in the statement of financial position | 1,934,736 | 2,583,092 | |
Non-offsetting amount | |||
Financial Instruments | (1,934,736) | (2,583,092) | |
Cash Collateral | 0 | 0 | |
Net amount | 0 | 0 | |
Domestic exchange settlement credits | |||
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | 37,757,164 | 32,867,423 | |
Gross assets offset | (36,823,835) | (30,794,160) | |
Net amounts in the statement of financial position | 933,329 | 2,073,263 | |
Non-offsetting amount | |||
Financial Instruments | (933,329) | (2,073,263) | |
Cash Collateral | 0 | 0 | |
Net amount | 0 | 0 | |
Other financial instruments | |||
Net Financial Liabilities Subject To Offsetting Enforceable Master Netting Arrangements Or Similar Agreements In Statement Of Financial Position Abstract [Abstract] | |||
Gross liabilities | 4,764,991 | 1,156,345 | |
Gross assets offset | (4,474,909) | (1,022,977) | |
Net amounts in the statement of financial position | 290,082 | 133,368 | |
Non-offsetting amount | |||
Financial Instruments | 0 | (2,492) | |
Cash Collateral | 0 | 0 | |
Net amount | ₩ 290,082 | ₩ 130,876 | |
[1] | Includes bonds sold under repurchase agreements to customers. |
Due From Financial Institutio_3
Due From Financial Institutions At Amortized Cost_Details Of Due From Financial Institutions(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 22,723,354 | ₩ 18,147,672 |
Due from financial institutions in Korean won | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | 15,688,428 | 13,414,535 |
The Bank of Korea | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 11,242,803 | ₩ 8,117,840 |
The Bank of Korea | Bottom Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 0.00% | 0.00% | |
The Bank of Korea | Top Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 0.00% | 0.00% | |
Hana Bank and others | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 3,692,044 | ₩ 4,641,714 |
Hana Bank and others | Bottom Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 0.00% | 0.00% | |
Hana Bank and others | Top Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 1.90% | 1.90% | |
NH Investment Securities and others | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 753,581 | ₩ 654,981 |
NH Investment Securities and others | Bottom Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 0.00% | 0.00% | |
NH Investment Securities and others | Top Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 1.63% | 1.63% | |
Due from financial institutions in foreign currencies | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 7,034,926 | ₩ 4,733,137 |
Wells Fargo Bank, N.A. and others | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 4,215,918 | ₩ 2,351,929 |
Wells Fargo Bank, N.A. and others | Bottom Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 0.00% | 0.00% | |
Wells Fargo Bank, N.A. and others | Top Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 3.50% | 3.50% | |
Bank of Shanghai, Beijing Branch and others | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 739,637 | ₩ 1,053,776 |
Bank of Shanghai, Beijing Branch and others | Bottom Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 0.00% | 0.00% | |
Bank of Shanghai, Beijing Branch and others | Top Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 7.05% | 7.05% | |
Societe Generale (Paris) and others | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions at amortized cost | [1] | ₩ 2,079,371 | ₩ 1,327,432 |
Societe Generale (Paris) and others | Bottom Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 0.00% | 0.00% | |
Societe Generale (Paris) and others | Top Of Range Member [Member] | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Interest rate(%) | 7.70% | 7.70% | |
[1] | Before netting of allowance |
Due From Financial Institutio_4
Due From Financial Institutions At Amortized Cost_Restricted Cash From Financial Institutions(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 15,303,363 | ₩ 13,372,966 |
Due from financial institutions in Korean won | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | 12,561,246 | 11,701,097 |
The Bank of Korea | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 11,242,803 | ₩ 8,117,840 |
Reason for restriction | Bank of Korea Act | Bank of Korea Act | |
Shinhan Bank and others [Member] | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 772,986 | ₩ 3,027,963 |
Reason for restriction | Net settlement and others | Net settlement and others | |
NH Investment Securities And Others Member [Member] | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 545,457 | ₩ 555,294 |
Reason for restriction | Derivatives margin account and others | Derivatives margin account and others | |
Due from financial institutions in foreign currencies | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 2,742,117 | ₩ 1,671,869 |
People's Bank of China and others | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 1,097,729 | ₩ 490,071 |
Reason for restriction | Cambodian law and others | Cambodian law and others | |
Bank of Communications Co., Ltd. New York Branch | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 46,428 | ₩ 31,443 |
Reason for restriction | Bank Act of the State of New York and others | Bank Act of the State of New York and others | |
Societe Generale Paris And Others [Member] | |||
Restricted Cash And Cash Equivalents Items Line Items [Line Items] | |||
Restricted due from financial institutions at amortized cost | [1] | ₩ 1,597,960 | ₩ 1,150,355 |
Reason for restriction | Derivatives margin account and others | Derivatives margin account and others | |
[1] | Before netting of allowance |
Due From Financial Institutio_5
Due From Financial Institutions At Amortized Cost_Changes In The Allowances For Due From Financial Institutions Losses(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Abstract [Abstract] | |||
Provision (reversal) for credit losses | ₩ 5,234 | ₩ (483) | ₩ 138 |
Due from financial institutions measured at amortized cost | 12-month expected credit losses | |||
Disclosure Of Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Line Items [Line Items] | |||
Beginning | 3,164 | 2,019 | |
Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Abstract [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Impairment | 0 | 0 | |
Disposal | 0 | 0 | |
Provision (reversal) for credit losses | (416) | 1,116 | |
Business combination | 154 | ||
Others | 45 | 29 | |
Ending | 2,947 | 3,164 | 2,019 |
Due from financial institutions measured at amortized cost | Non-impaired | |||
Disclosure Of Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Line Items [Line Items] | |||
Beginning | 1,188 | 0 | |
Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Abstract [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Impairment | 0 | 0 | |
Disposal | 0 | 0 | |
Provision (reversal) for credit losses | (1,128) | 1,210 | |
Business combination | 0 | ||
Others | (26) | (22) | |
Ending | 34 | 1,188 | 0 |
Due from financial institutions measured at amortized cost | Impaired | |||
Disclosure Of Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Line Items [Line Items] | |||
Beginning | 360 | 0 | |
Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Abstract [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Impairment | 0 | 0 | |
Disposal | 0 | 0 | |
Provision (reversal) for credit losses | 0 | 360 | |
Business combination | 0 | ||
Others | (78) | 0 | |
Ending | ₩ 282 | ₩ 360 | ₩ 0 |
Assets pledged as collateral_De
Assets pledged as collateral_Details Of Assets Pledged As Collateral(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 49,544,833 | ₩ 38,811,700 |
borrowing securities and securities held as collateral that group provides as collateral for Liabilities or Contingent Liabilities | 4,680,816 | 7,320,220 |
Due from banking institutions | Korea Federation of Savings Banks and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 1,293,930 | ₩ 3,752,497 |
Reason of pledge | Borrowings from the Bank of Korea | Borrowings from the Bank of Korea |
Financial assets at fair value through profit or loss | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 18,473,401 | ₩ 16,396,936 |
Financial assets at fair value through profit or loss | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 10,733,047 | ₩ 7,561,287 |
Reason of pledge | Repurchase agreements | Repurchase agreements |
Financial assets at fair value through profit or loss | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 7,009,580 | ₩ 7,745,154 |
Reason of pledge | Securities borrowing transactions | Securities borrowing transactions |
Financial assets at fair value through profit or loss | Samsung Futures Inc. and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 730,774 | ₩ 1,090,495 |
Reason of pledge | Derivatives transactions | Derivatives transactions |
Financial assets at fair value through other comprehensive income | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 8,257,395 | ₩ 4,341,813 |
Financial assets at fair value through other comprehensive income | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 2,216,165 | ₩ 1,139,852 |
Reason of pledge | Repurchase agreements | Repurchase agreements |
Financial assets at fair value through other comprehensive income | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 1,322,998 | ₩ 1,168,515 |
Reason of pledge | Securities borrowing transactions | Securities borrowing transactions |
Financial assets at fair value through other comprehensive income | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 2,837,452 | ₩ 1,212,021 |
Reason of pledge | Borrowings from The Bank of Korea | Borrowings from The Bank of Korea |
Financial assets at fair value through other comprehensive income | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 1,610,691 | ₩ 653,825 |
Reason of pledge | Settlement risk of the Bank of Korea | Settlement risk of the Bank of Korea |
Financial assets at fair value through other comprehensive income | Samsung Futures Inc. and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 270,089 | ₩ 167,600 |
Reason of pledge | Derivatives transactions | Derivatives transactions |
Securities measured at amortized cost | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 9,339,444 | ₩ 6,168,064 |
Securities measured at amortized cost | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 664,438 | ₩ 581,268 |
Reason of pledge | Repurchase agreements | Repurchase agreements |
Securities measured at amortized cost | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 4,295,149 | ₩ 1,767,559 |
Reason of pledge | Borrowings from the Bank of Korea | Borrowings from The Bank of Korea |
Securities measured at amortized cost | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 3,677,922 | ₩ 3,077,151 |
Reason of pledge | Settlement risk of the Bank of Korea | Settlement risk of the Bank of Korea |
Securities measured at amortized cost | Samsung Futures Inc. and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 103,748 | ₩ 247,301 |
Reason of pledge | Derivatives transactions | Derivatives transactions |
Securities measured at amortized cost | Others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 598,187 | ₩ 494,785 |
Reason of pledge | Others | Others |
Mortgage loans | Others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 10,699,721 | ₩ 6,487,022 |
Reason of pledge | Covered bond | Covered bond |
Real estate | Natixis Real Estate Capital LLC and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 1,665,368 | |
Reason of pledge | Borrowings from Bank and others | |
Real estate | LGIM COMMERCIAL LENDING Ltd and others | ||
Financial Instruments Owned And Pledged As Collateral Line Items [Line Items] | ||
Carrying amount | ₩ 1,480,942 | |
Reason of pledge | Borrowings from bank and others |
Assets pledged as collateral_Se
Assets pledged as collateral_Securities(Details) - Securities - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
The Fair Values Of Collateral Available To Sell Or Repledge And Collateral Sold Or Repledged Line Items [Line Items] | ||
Fair value of collateral held | ₩ 3,732,013 | ₩ 6,726,632 |
Fair value of collateral sold or repledged | 0 | 0 |
Total | ₩ 3,732,013 | ₩ 6,726,632 |
Derivative Financial Instrume_3
Derivative Financial Instruments and Hedge Accounting_Detailed Information About Held For Trading Instruments And Hedging Instruments(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | ₩ 469,476,648 | ₩ 449,589,904 | |
Assets | 5,210,512 | 3,008,598 | |
Liabilities | 5,014,070 | 2,842,950 | |
Fair value hedge | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 11,389,923 | 7,545,289 | |
Assets | 286,952 | 151,588 | |
Liabilities | 54,458 | 57,538 | |
Changes in fair value | 74,372 | 27,076 | |
Cash Flow Hedge | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 6,389,915 | 6,214,235 | |
Assets | 42,121 | 27,080 | |
Liabilities | 153,244 | 101,551 | |
Changes in fair value | (55,240) | (64,531) | |
Hedge of Net Investments in Foreign Operations | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 1,086,069 | 372,824 | |
Assets | 5,800 | 3,407 | |
Liabilities | 843,237 | 102,557 | |
Changes in fair value | 88,769 | (13,410) | |
Interest rate | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 321,248,585 | 291,134,704 | |
Assets | 930,977 | 780,746 | |
Liabilities | 1,093,587 | 1,021,134 | |
Forwards | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 1,824,000 | 570,000 | |
Assets | 50,580 | 206 | |
Liabilities | 107,218 | 84,126 | |
Futures | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | [1] | 4,540,235 | 2,951,770 |
Assets | [1] | 43 | 698 |
Liabilities | [1] | 1,834 | 235 |
Swaps | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 300,105,350 | 270,091,778 | |
Assets | 631,917 | 512,145 | |
Liabilities | 682,401 | 557,511 | |
Swaps | Fair value hedge | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 9,217,731 | 5,326,500 | |
Assets | 158,914 | 129,085 | |
Liabilities | 51,842 | 29,676 | |
Changes in fair value | (23,022) | 101,448 | |
Swaps | Cash Flow Hedge | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 3,532,480 | 3,600,334 | |
Assets | 1,286 | 3,698 | |
Liabilities | 37,120 | 28,484 | |
Changes in fair value | (11,940) | (25,997) | |
Options | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 14,779,000 | 17,521,156 | |
Assets | 248,437 | 267,697 | |
Liabilities | 302,134 | 379,262 | |
Currency | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 130,766,525 | 136,772,171 | |
Assets | 3,643,775 | 1,554,534 | |
Liabilities | 3,364,865 | 1,375,350 | |
Forwards | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 78,255,991 | 87,373,417 | |
Assets | 1,712,560 | 942,632 | |
Liabilities | 1,986,239 | 750,380 | |
Forwards | Fair value hedge | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 2,172,192 | 2,218,789 | |
Assets | 128,038 | 22,503 | |
Liabilities | 2,616 | 27,862 | |
Changes in fair value | 97,394 | (74,372) | |
Forwards | Hedge of Net Investments in Foreign Operations | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 243,957 | 275,569 | |
Assets | 5,800 | 3,407 | |
Liabilities | 1,125 | 5,302 | |
Changes in fair value | 14,406 | (10,330) | |
Futures | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | [1] | 376,281 | 107,793 |
Assets | [1] | 158 | 0 |
Liabilities | [1] | 695 | 349 |
Swaps | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 49,756,478 | 46,501,399 | |
Assets | 1,897,636 | 606,464 | |
Liabilities | 1,349,919 | 610,275 | |
Swaps | Cash Flow Hedge | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 2,857,435 | 2,613,901 | |
Assets | 40,835 | 23,382 | |
Liabilities | 116,124 | 73,067 | |
Changes in fair value | (43,300) | (38,534) | |
Options | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 2,377,775 | 2,789,562 | |
Assets | 33,421 | 5,438 | |
Liabilities | 28,012 | 14,346 | |
Stock and index | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 12,943,914 | 13,980,117 | |
Assets | 579,163 | 570,267 | |
Liabilities | 400,770 | 282,945 | |
Futures | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | [1] | 1,027,347 | 1,646,785 |
Assets | [1] | 20,061 | 22,451 |
Liabilities | [1] | 2,246 | 20,704 |
Swaps | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 5,434,057 | 6,773,467 | |
Assets | 423,297 | 448,803 | |
Liabilities | 123,242 | 86,100 | |
Options | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 6,482,510 | 5,559,865 | |
Assets | 135,805 | 99,013 | |
Liabilities | 275,282 | 176,141 | |
Credit | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 3,015,782 | 4,433,960 | |
Assets | 19,395 | 19,178 | |
Liabilities | 9,700 | 13,659 | |
Swaps | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 3,015,782 | 4,433,960 | |
Assets | 19,395 | 19,178 | |
Liabilities | 9,700 | 13,659 | |
Commodity | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 25,532 | 108,939 | |
Assets | 419 | 3,016 | |
Liabilities | 1,072 | 477 | |
Futures | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | [1] | 11,609 | 3,281 |
Assets | [1] | 151 | 68 |
Liabilities | [1] | 81 | 3 |
Swaps | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 13,923 | 105,658 | |
Assets | 268 | 2,948 | |
Liabilities | 991 | 474 | |
Other | Held For Trading | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 1,476,310 | 3,160,013 | |
Assets | 36,783 | 80,857 | |
Liabilities | 144,076 | 149,385 | |
Debentures in foreign currencies | Hedge of Net Investments in Foreign Operations | |||
Disclosure Of Detailed Information About Hedging Instruments Line Items [Line Items] | |||
Notional amount | 842,112 | 97,255 | |
Assets | 0 | 0 | |
Liabilities | 842,112 | 97,255 | |
Changes in fair value | ₩ 74,363 | ₩ (3,080) | |
[1] | Gains or losses arising from daily mark-to-market futures are reflected in the margin accounts. |
Derivative Financial Instrume_4
Derivative Financial Instruments and Hedge Accounting_Average Of Hedge Ratio For Each Type Of Hedge Accounting(Details) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | |
Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 11,389,923 | 7,545,289 |
Average interest rate | 0.0097 | 0.0291 |
Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,157.28 | 1,146.84 |
Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,353.36 | 1,327.68 |
Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 835.43 | 803.71 |
Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,546.54 | |
Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 6,389,915 | 6,214,235 |
Average interest rate | 0.0136 | 0.0259 |
Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,152.37 | 1,132.99 |
Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,312.93 | 1,306.91 |
Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 837 | 837 |
Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 858.33 | 823.54 |
Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 243,957 | 275,569 |
Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,111.45 | 1,151.49 |
Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,465.26 | 1,465.26 |
1 year | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 5,266,994 | 2,649,272 |
Average interest rate | 0.0076 | 0.0229 |
1 year | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,160.33 | 1,149.9 |
1 year | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,353.28 | 1,319.66 |
1 year | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 835.43 | 803.71 |
1 year | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,546.54 | |
1 year | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 2,568,922 | 2,450,918 |
Average interest rate | 0.0083 | 0.0264 |
1 year | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,113.33 | 1,129.58 |
1 year | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,306.76 | 1,305.22 |
1 year | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 837 | 0 |
1 year | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 831.49 | 815.8 |
1 year | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 217,274 | 248,233 |
1 year | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,111.45 | 1,151.49 |
1 year | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
2 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 1,083,877 | 1,807,950 |
Average interest rate | 0.0081 | 0.027 |
2 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,115.45 | 1,138.82 |
2 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 1,346.38 |
2 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
2 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | |
2 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 1,767,357 | 1,199,124 |
Average interest rate | 0.0166 | 0.0256 |
2 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,160.46 | 1,111.66 |
2 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,312.75 | 1,306.76 |
2 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 837 |
2 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 831.49 |
2 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 26,683 | 0 |
2 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
2 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,465.26 | 0 |
3 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 512,608 | 897,562 |
Average interest rate | 0.01 | 0.0229 |
3 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,151.5 | 1,094.35 |
3 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,366.3 | 0 |
3 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
3 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | |
3 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 1,277,053 | 1,764,991 |
Average interest rate | 0.0248 | 0.0266 |
3 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,181.36 | 1,153.15 |
3 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,321 | 1,312.75 |
3 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
3 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 866.14 | 0 |
3 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 0 | 27,336 |
3 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
3 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 1,465.26 |
4 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 620,788 | 309,882 |
Average interest rate | 0.0107 | 0.0316 |
4 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | |
4 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 166,643 | 529,202 |
Average interest rate | 0.02 | 0.0279 |
4 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,128.3 | 1,095.73 |
4 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 0 | 0 |
4 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 1,462,964 | 466,053 |
Average interest rate | 0.0121 | 0.025 |
5 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | |
5 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 509,940 | 120,000 |
Average interest rate | 0.0163 | 0.02 |
5 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,142.05 | 0 |
5 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 1,340.64 | 0 |
5 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 0 | 0 |
5 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 2,442,692 | 1,414,570 |
Average interest rate | 0.0114 | 0.0392 |
Over 5 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | |
Over 5 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 100,000 | 150,000 |
Average interest rate | 0.0167 | 0.0167 |
Over 5 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Nominal amount of the hedging instrument | 0 | 0 |
Over 5 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [Line Items] | ||
Average foreign exchange rate | 0 | 0 |
Derivative Financial Instrume_5
Derivative Financial Instruments and Hedge Accounting_Details Of Hedged Item(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Disclosure of detailed information about hedged items [Line Items] | |||||
Cash flow hedge reserve | [1],[2] | ₩ (1,264) | $ (1,164) | ₩ (33,182) | ₩ (9,038) |
Foreign currency translation reserve | [1],[2] | 64,269 | $ 59,174 | (8,900) | ₩ (27,134) |
Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 6,384,347 | 4,559,603 | |||
Carrying amount - Liabilities | 5,730,262 | 3,199,117 | |||
Accumulated amount of hedge adjustments - Assets | 379,555 | 48,909 | |||
Accumulated amount of hedge adjustments - Liabilities | 76,582 | 44,085 | |||
Changes in fair value | (11,946) | (37,562) | |||
Cash Flow Hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Changes in fair value | 13,237 | 68,028 | |||
Cash flow hedge reserve | (28,597) | (27,333) | |||
Interest rate | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 3,714,937 | 2,220,364 | |||
Carrying amount - Liabilities | 5,730,262 | 3,199,117 | |||
Accumulated amount of hedge adjustments - Assets | 68,810 | 24,728 | |||
Accumulated amount of hedge adjustments - Liabilities | 76,582 | 44,085 | |||
Changes in fair value | 28,764 | (98,695) | |||
Interest rate | Cash Flow Hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Changes in fair value | 12,172 | 25,671 | |||
Cash flow hedge reserve | (22,439) | (15,670) | |||
Debt securities in Korean won | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 1,001,957 | 549,526 | |||
Carrying amount - Liabilities | 0 | 0 | |||
Accumulated amount of hedge adjustments - Assets | 5,888 | 5,485 | |||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | |||
Changes in fair value | 402 | 5,502 | |||
Debt securities in foreign currencies | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 2,712,980 | 1,670,838 | |||
Carrying amount - Liabilities | 0 | 0 | |||
Accumulated amount of hedge adjustments - Assets | 62,922 | 19,243 | |||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | |||
Changes in fair value | 42,382 | 25,540 | |||
Deposits in foreign currencies | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 0 | 0 | |||
Carrying amount - Liabilities | 121,768 | 780,491 | |||
Accumulated amount of hedge adjustments - Assets | 0 | 0 | |||
Accumulated amount of hedge adjustments - Liabilities | 2,088 | (18,391) | |||
Changes in fair value | (4,491) | (62,439) | |||
Debentures in Korean won | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 0 | 0 | |||
Carrying amount - Liabilities | 3,623,161 | 351,070 | |||
Accumulated amount of hedge adjustments - Assets | 0 | 0 | |||
Accumulated amount of hedge adjustments - Liabilities | (6,839) | 21,070 | |||
Changes in fair value | 27,909 | (1,818) | |||
Debentures in foreign currencies | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 0 | 0 | |||
Carrying amount - Liabilities | 1,985,333 | 2,067,556 | |||
Accumulated amount of hedge adjustments - Assets | 0 | 0 | |||
Accumulated amount of hedge adjustments - Liabilities | 81,333 | 41,406 | |||
Changes in fair value | (37,438) | (65,480) | |||
Currency | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 2,669,410 | 2,339,239 | |||
Carrying amount - Liabilities | 0 | 0 | |||
Accumulated amount of hedge adjustments - Assets | 310,745 | 24,181 | |||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | |||
Changes in fair value | (40,710) | 61,133 | |||
Currency | Cash Flow Hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Changes in fair value | 1,065 | 42,357 | |||
Cash flow hedge reserve | (6,158) | (11,663) | |||
Currency | Hedge of net investments in foreign operations | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Changes in fair value | (88,769) | 13,410 | |||
Foreign currency translation reserve | 22,278 | (41,992) | |||
Debt securities in foreign currencies | Fair value hedge | |||||
Disclosure of detailed information about hedged items [Line Items] | |||||
Carrying amount - Assets | 2,669,410 | 2,339,239 | |||
Carrying amount - Liabilities | 0 | 0 | |||
Accumulated amount of hedge adjustments - Assets | 310,745 | 24,181 | |||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | |||
Changes in fair value | ₩ (40,710) | ₩ 61,133 | |||
[1] | The consolidated statements of changes in equity for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[2] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Derivative Financial Instrume_6
Derivative Financial Instruments and Hedge Accounting_Gains And Losses From Hedging Instruments(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Income tax effect | ₩ (24,500) | ₩ 3,194 | ₩ 10,292 |
Fair value hedge | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Hedge ineffectiveness recognized in profit or loss | 62,426 | (10,486) | (19,508) |
Gains(losses) on hedging instruments | 89,179 | 34,070 | (160,416) |
Gains(losses) on the hedged items attributable to the hedged risk | (26,899) | (44,655) | 135,556 |
Total | 62,280 | (10,585) | (24,860) |
Interest rate | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Hedge ineffectiveness recognized in profit or loss | 5,742 | 2,753 | 1,186 |
Currency | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Hedge ineffectiveness recognized in profit or loss | 56,684 | (13,239) | (20,694) |
Cash Flow Hedge | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Gains(losses) on hedging instruments | (55,240) | (64,531) | (23,022) |
Effective portion of losses on cash flow hedging instruments (amount recognized in other comprehensive income) | (48,034) | (65,323) | (24,672) |
Ineffective portion of losses on cash flow hedging instruments (amount recognized in profit or loss) | (7,206) | 792 | 1,650 |
Reclassification to profit or loss | 39,190 | 21,604 | 15,234 |
Income tax effect | 7,580 | 10,537 | 400 |
Other comprehensive income (loss) after tax | (1,264) | (33,182) | (9,038) |
Hedge of net investments in foreign operations | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Gains(losses) on hedging instruments | 88,769 | (13,410) | (25,096) |
Effective portion of gains(losses) on hedge of net investments in foreign operations(amount recognized in other comprehensive income) | 88,769 | (13,410) | (25,096) |
Ineffective portion of gains(losses) on hedge of net investments in foreign operations (amount recognized in profit or loss) | 0 | 0 | 0 |
Reclassification to profit or loss | 0 | 1,316 | (12,330) |
Income tax effect | (24,500) | 3,194 | 10,292 |
Other comprehensive income (loss) after tax | ₩ 64,269 | ₩ (8,900) | ₩ (27,134) |
Derivative Financial Instrume_7
Derivative Financial Instruments and Hedge Accounting_Fair Value Of Non-Derivative Financial Instruments(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Hedge of Net Investments in Foreign Operations | ||
Non Derivative Financial Instruments Designated As Hedging Instruments At Fair Value [Line Items] | ||
Debentures in foreign currencies | ₩ 852,570 | ₩ 97,737 |
Derivative Financial Instrume_8
Derivative Financial Instruments and Hedge Accounting_Interest Rate Benchmark Reform(Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2020KRW (₩) | |
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | |
Description of Interest Rate Benchmark Reform | The Group's exposure to hedging relationships related to the interest rate benchmark reform as of December 31, 2020, is as follows. The USD LIBOR interest rate will be replaced by the Secured Overnight Financing Rate ("SOFR") based on actual transactions starting in 2022 and the KRW CD rate is currently under consideration for improving the calculation methodology. In this hedging relationship, the Group assumed that the spread to be changed on a SOFR basis in 2022 would be similar to that included in the interest rate swap used as a hedging instrument, and no other changes were assumed. |
KRW CD 3M | |
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | |
Description of Interest Rate Benchmark | CD#3M |
Carrying Amount of Non-derivative Assets | ₩ 1,807,701 |
Carrying Amount of Non-derivative Liabilities | 3,623,161 |
Notional amount of hedging instruments | ₩ 5,430,000 |
USD LIBOR 3M | |
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | |
Description of Interest Rate Benchmark | USD#LIBOR#3M |
Carrying Amount of Non-derivative Assets | ₩ 78,083 |
Carrying Amount of Non-derivative Liabilities | 3,276 |
Notional amount of hedging instruments | ₩ 82,907 |
USD LIBOR 6M | |
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | |
Description of Interest Rate Benchmark | USD#LIBOR#6M |
Carrying Amount of Non-derivative Assets | ₩ 213 |
Carrying Amount of Non-derivative Liabilities | 10 |
Notional amount of hedging instruments | ₩ 206 |
Loans Measured at Amortized C_3
Loans Measured at Amortized Cost Details of Loans(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Details Of Loans Line Items [Line Items] | |||
Loans measured at amortized cost | ₩ 377,166,984 | $ 347,264,074 | ₩ 339,684,059 |
Loans measured at amortized cost | |||
Details Of Loans Line Items [Line Items] | |||
Loans measured at amortized cost | 379,734,020 | 341,363,805 | |
Deferred loan origination fees and costs | |||
Details Of Loans Line Items [Line Items] | |||
Loans measured at amortized cost | 716,327 | 728,270 | |
Allowances for credit losses | |||
Details Of Loans Line Items [Line Items] | |||
Loans measured at amortized cost | ₩ (3,283,363) | ₩ (2,408,016) |
Loans Measured at Amortized C_4
Loans Measured at Amortized Cost Details of Loans for Other Banks(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Details Of Loans Other Than Banks Line Items [Line Items] | ||
Loans to banks | ₩ 5,577,046 | ₩ 4,010,814 |
Loans measured at amortized cost | ||
Details Of Loans Other Than Banks Line Items [Line Items] | ||
Loans to banks | 5,577,728 | 4,011,246 |
Allowances for credit losses | ||
Details Of Loans Other Than Banks Line Items [Line Items] | ||
Loans to banks | ₩ (682) | ₩ (432) |
Loans Measured at Amortized C_5
Loans Measured at Amortized Cost Details of Loan Types and Customer Types of Loans to Customers other than Banks(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 371,589,938 | ₩ 335,673,245 |
Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 100.00% | 100.00% |
Loans Excluding In Other Than Banks | ₩ 374,872,619 | ₩ 338,080,829 |
Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | (3,282,681) | (2,407,584) |
Loans in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 317,874,938 | 289,615,755 |
Loans in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 19,252,352 | 8,558,428 |
Domestic import usance bills | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 2,152,059 | 2,617,862 |
Off-shore funding loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,203,737 | 1,387,798 |
Call loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,582,251 | 610,001 |
Bills bought in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,620 | 2,843 |
Bills bought in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,739,262 | 2,158,877 |
Guarantee payments under acceptances and guarantees | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 8,021 | 3,348 |
Credit card receivables in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 18,734,560 | 18,642,111 |
Credit card receivables in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 63,071 | 6,299 |
Bonds purchased under repurchase agreements | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 3,175,080 | 6,149,458 |
Privately placed bonds | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,154,162 | 971,414 |
Factored receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 107 | 284 |
Lease receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,440,583 | 1,580,193 |
Loans for installment credit | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 6,490,816 | 5,776,158 |
Retail | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 184,790,365 | ₩ 166,077,800 |
Retail | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 49.54% | 49.33% |
Loans Excluding In Other Than Banks | ₩ 185,700,453 | ₩ 166,789,122 |
Retail | Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | (910,088) | (711,322) |
Retail | Loans in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 175,062,187 | 159,232,495 |
Retail | Loans in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 3,092,630 | 433,399 |
Retail | Domestic import usance bills | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Off-shore funding loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Call loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Bills bought in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Bills bought in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Guarantee payments under acceptances and guarantees | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 10 | 36 |
Retail | Credit card receivables in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Credit card receivables in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Bonds purchased under repurchase agreements | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Privately placed bonds | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Factored receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 104 | 117 |
Retail | Lease receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,105,001 | 1,385,617 |
Retail | Loans for installment credit | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 6,440,521 | 5,737,458 |
Corporate | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 168,703,437 | ₩ 151,686,743 |
Corporate | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 45.45% | 45.15% |
Loans Excluding In Other Than Banks | ₩ 170,374,535 | ₩ 152,643,297 |
Corporate | Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | (1,671,098) | (956,554) |
Corporate | Loans in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 142,812,751 | 130,383,260 |
Corporate | Loans in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 16,159,722 | 8,125,029 |
Corporate | Domestic import usance bills | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 2,152,059 | 2,617,862 |
Corporate | Off-shore funding loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,203,737 | 1,387,798 |
Corporate | Call loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,582,251 | 610,001 |
Corporate | Bills bought in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,620 | 2,843 |
Corporate | Bills bought in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,739,262 | 2,158,877 |
Corporate | Guarantee payments under acceptances and guarantees | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 8,011 | 3,312 |
Corporate | Credit card receivables in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Corporate | Credit card receivables in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Corporate | Bonds purchased under repurchase agreements | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 3,175,080 | 6,149,458 |
Corporate | Privately placed bonds | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,154,162 | 971,414 |
Corporate | Factored receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 3 | 167 |
Corporate | Lease receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 335,582 | 194,576 |
Corporate | Loans for installment credit | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 50,295 | 38,700 |
Credit card | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 18,096,136 | ₩ 17,908,702 |
Credit card | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 5.01% | 5.52% |
Loans Excluding In Other Than Banks | ₩ 18,797,631 | ₩ 18,648,410 |
Credit card | Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | (701,495) | (739,708) |
Credit card | Loans in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Loans in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Domestic import usance bills | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Off-shore funding loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Call loans | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Bills bought in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Bills bought in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Guarantee payments under acceptances and guarantees | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Credit card receivables in Korean won | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 18,734,560 | 18,642,111 |
Credit card | Credit card receivables in foreign currencies | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 63,071 | 6,299 |
Credit card | Bonds purchased under repurchase agreements | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Privately placed bonds | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Factored receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Lease receivables | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Loans for installment credit | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 0 | ₩ 0 |
Loans Measured at Amortized C_6
Loans Measured at Amortized Cost the Changes in Deferred Loan Origination Fees and Costs(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | |||
Deferred Loan Origination Fees And Costs Line Items [Line Items] | ||||
Beginning | ₩ 728,270 | ₩ 753,126 | ||
Reconciliation Of Changes In Deferred Loan Origination Fees And Costs Abstract [Abstract] | ||||
Increase | 527,072 | 432,797 | ||
Decrease | (504,372) | (457,652) | ||
Business combination | (38,741) | |||
Others | 4,098 | (1) | ||
Ending | 716,327 | 728,270 | ||
Deferred loan origination costs | ||||
Deferred Loan Origination Fees And Costs Line Items [Line Items] | ||||
Beginning | 741,683 | 784,017 | ||
Reconciliation Of Changes In Deferred Loan Origination Fees And Costs Abstract [Abstract] | ||||
Increase | 555,389 | 443,450 | ||
Decrease | (536,901) | (485,784) | ||
Business combination | 9,376 | |||
Others | 0 | 0 | ||
Ending | 769,547 | 741,683 | ||
Loans in Korean won | ||||
Deferred Loan Origination Fees And Costs Line Items [Line Items] | ||||
Beginning | 645,305 | 664,237 | ||
Reconciliation Of Changes In Deferred Loan Origination Fees And Costs Abstract [Abstract] | ||||
Increase | 502,044 | 387,420 | ||
Decrease | (473,392) | (406,352) | ||
Business combination | 0 | |||
Others | 0 | 0 | ||
Ending | 673,957 | 645,305 | ||
Others | ||||
Deferred Loan Origination Fees And Costs Line Items [Line Items] | ||||
Beginning | 96,378 | [1] | 119,780 | |
Reconciliation Of Changes In Deferred Loan Origination Fees And Costs Abstract [Abstract] | ||||
Increase | 53,345 | [1] | 56,030 | |
Decrease | (63,509) | [1] | (79,432) | |
Business combination | [1] | 9,376 | ||
Others | 0 | [1] | 0 | |
Ending | [1] | 95,590 | 96,378 | |
Deferred loan origination fees | ||||
Deferred Loan Origination Fees And Costs Line Items [Line Items] | ||||
Beginning | 13,413 | 30,891 | ||
Reconciliation Of Changes In Deferred Loan Origination Fees And Costs Abstract [Abstract] | ||||
Increase | 28,317 | 10,653 | ||
Decrease | (32,529) | (28,132) | ||
Business combination | 48,117 | |||
Others | (4,098) | 1 | ||
Ending | 53,220 | 13,413 | ||
Loans in Korean won | ||||
Deferred Loan Origination Fees And Costs Line Items [Line Items] | ||||
Beginning | 8,600 | 9,055 | ||
Reconciliation Of Changes In Deferred Loan Origination Fees And Costs Abstract [Abstract] | ||||
Increase | 6,681 | 7,238 | ||
Decrease | (6,133) | (7,693) | ||
Business combination | 0 | |||
Others | 0 | 0 | ||
Ending | 9,148 | 8,600 | ||
Others | ||||
Deferred Loan Origination Fees And Costs Line Items [Line Items] | ||||
Beginning | 4,813 | [2] | 21,836 | |
Reconciliation Of Changes In Deferred Loan Origination Fees And Costs Abstract [Abstract] | ||||
Increase | 21,636 | [2] | 3,415 | |
Decrease | (26,396) | [2] | (20,439) | |
Business combination | [2] | 48,117 | ||
Others | (4,098) | [2] | 1 | |
Ending | [2] | ₩ 44,072 | ₩ 4,813 | |
[1] | Includes deferred loan origination costs to credit card receivables, loans for installment credit and financial lease receivables. | |||
[2] | Includes deferred loan origination fees to loans in foreign currencies from PT Bank Bukopin TBK and PRASAC Microfinance Institution Limited. |
Allowances for Credit Losses Ch
Allowances for Credit Losses Changes in the Allowances for Loan Losses(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Provision (reversal) for credit losses | ₩ 5,234 | ₩ (483) | ₩ 138 | ||
Loans measured at amortized cost | Retail | 12-month expected credit losses | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 278,380 | 237,440 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | 123,666 | 168,460 | |||
Transfer to lifetime expected credit losses | (91,410) | (144,590) | |||
Impairment | (3,301) | (1,619) | |||
Write-offs | 0 | (2) | |||
Sales | (1,561) | (486) | |||
Provision (reversal) for credit losses | [1],[3] | 49,459 | [2] | 19,152 | |
Business combination | 50,664 | ||||
Others (exchange differences, etc.) | (2,092) | 25 | |||
Ending | 403,805 | 278,380 | 237,440 | ||
Loans measured at amortized cost | Retail | Non-impaired | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 224,905 | 215,743 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | (121,970) | (167,957) | |||
Transfer to lifetime expected credit losses | 182,076 | 160,509 | |||
Impairment | (131,852) | (54,736) | |||
Write-offs | (5) | ||||
Recoveries from written off loans | 24 | ||||
Sales | (99) | (70) | |||
Provision (reversal) for credit losses | [1],[3] | 78,413 | [2] | 71,231 | |
Business combination | 9,545 | ||||
Others (exchange differences, etc.) | (435) | 161 | |||
Ending | 240,578 | 224,905 | 215,743 | ||
Loans measured at amortized cost | Retail | Impaired | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 208,037 | 189,714 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | (1,696) | (503) | |||
Transfer to lifetime expected credit losses | (90,666) | (15,919) | |||
Impairment | 135,153 | 56,355 | |||
Write-offs | (460,734) | (443,034) | |||
Sales | (1,131) | (782) | |||
Provision (reversal) for credit losses | [1],[3] | 428,220 | [2] | 424,758 | |
Business combination | 53,532 | ||||
Others (exchange differences, etc.) | (5,010) | (2,552) | |||
Ending | 265,705 | 208,037 | 189,714 | ||
Loans measured at amortized cost | Corporate | 12-month expected credit losses | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 215,069 | 214,312 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | 119,723 | 59,848 | |||
Transfer to lifetime expected credit losses | (56,655) | (53,696) | |||
Impairment | (3,365) | (2,250) | |||
Write-offs | 0 | 0 | |||
Sales | (8) | 0 | |||
Provision (reversal) for credit losses | [1],[3] | (2,059) | [2] | (3,540) | |
Business combination | 99,824 | ||||
Others (exchange differences, etc.) | (3,747) | 395 | |||
Ending | 368,782 | 215,069 | 214,312 | ||
Loans measured at amortized cost | Corporate | Non-impaired | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 290,310 | 318,656 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | (111,708) | (46,312) | |||
Transfer to lifetime expected credit losses | 146,690 | 141,398 | |||
Impairment | (48,773) | (36,656) | |||
Write-offs | (1) | ||||
Recoveries from written off loans | 2 | ||||
Sales | 0 | 0 | |||
Provision (reversal) for credit losses | [1],[3] | 113,335 | [2] | (89,234) | |
Business combination | 24,303 | ||||
Others (exchange differences, etc.) | (3,219) | 2,456 | |||
Ending | 410,937 | 290,310 | 318,656 | ||
Loans measured at amortized cost | Corporate | Impaired | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 451,607 | 722,875 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | (8,015) | (13,536) | |||
Transfer to lifetime expected credit losses | (90,035) | (87,702) | |||
Impairment | 52,138 | 38,906 | |||
Write-offs | (321,583) | (239,319) | |||
Sales | (21,069) | (8,909) | |||
Provision (reversal) for credit losses | [1],[3] | 180,162 | [2] | 80,216 | |
Business combination | 668,426 | ||||
Others (exchange differences, etc.) | (19,570) | (40,924) | |||
Ending | 892,061 | 451,607 | 722,875 | ||
Loans measured at amortized cost | Credit card | 12-month expected credit losses | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 209,651 | 180,467 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | 48,959 | 51,542 | |||
Transfer to lifetime expected credit losses | (25,227) | (23,537) | |||
Impairment | (2,273) | (2,388) | |||
Write-offs | 0 | 0 | |||
Sales | 0 | 0 | |||
Provision (reversal) for credit losses | [1],[3] | (26,042) | [2] | 3,567 | |
Business combination | 89 | ||||
Others (exchange differences, etc.) | 0 | 0 | |||
Ending | 205,157 | 209,651 | 180,467 | ||
Loans measured at amortized cost | Credit card | Non-impaired | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 266,183 | 290,025 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | (47,611) | (50,627) | |||
Transfer to lifetime expected credit losses | 26,379 | 24,529 | |||
Impairment | (13,657) | (14,377) | |||
Write-offs | 0 | 0 | |||
Sales | 0 | 0 | |||
Provision (reversal) for credit losses | [1],[3] | 2,925 | [2] | 16,633 | |
Business combination | 0 | ||||
Others (exchange differences, etc.) | 0 | 0 | |||
Ending | 234,219 | 266,183 | 290,025 | ||
Loans measured at amortized cost | Credit card | Impaired | |||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans Line Items [Line Items] | |||||
Beginning | 263,874 | 240,449 | |||
Changes In Allowance Account For Credit Losses Of Loans Abstract [Abstract] | |||||
Transfer to 12-month expected credit losses | (1,348) | (915) | |||
Transfer to lifetime expected credit losses | (1,152) | (992) | |||
Impairment | 15,930 | 16,765 | |||
Write-offs | (502,275) | (506,255) | |||
Sales | 0 | 0 | |||
Provision (reversal) for credit losses | [1],[3] | 496,162 | [2] | 524,652 | |
Business combination | 4,409 | ||||
Others (exchange differences, etc.) | (13,481) | (9,830) | |||
Ending | ₩ 262,119 | ₩ 263,874 | ₩ 240,449 | ||
[1] | Includes KRW 390,041 million and KRW 379,179 million of collections from written-off loans for the years ended December 31, 2019 and 2020, respectively. | ||||
[2] | Includes additional provision of KRW 43,777 million for industries and borrowers which are highly affected by COVID-19, KRW 29,861 million due to expanding the scope of the loans subject to lifetime expected credit losses (non-impaired) and KRW 23,325 million due to expanding the scope of the loans subject to individual assessment for the year ended December 31, 2020. | ||||
[3] | Provision for credit losses in the consolidated statements of comprehensive income also include provision (reversal) for credit losses of due from financial institutions (Note 7.3), and provision (reversal) for credit losses of financial investments (Note 12.5), provision for credit losses of unused commitments and guarantees (Note 24.2), provision (reversal) for credit losses of financial guarantees contracts (Note 24.3), and provision (reversal) for credit losses of other financial assets (Note 19.2). |
Allowances for Credit Losses _2
Allowances for Credit Losses Changes in the Book Value of Loans at Amortized Cost(Details) - Loans measured at amortized cost - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
12-month expected credit losses | ||
Disclosure Of Changes In The Book Value Of Loans At Amortized Cost Line Items [Line Items] | ||
Beginning | ₩ 316,377,009 | ₩ 293,296,370 |
Changes In The Book Value Of Loans At Amortized Cost Abstract [Abstract] | ||
Transfer to 12-month expected credit losses | 26,751,021 | 54,530,173 |
Transfer to lifetime expected credit losses (non-impaired) | (33,475,491) | (57,514,696) |
Transfer to lifetime expected credit losses (impaired) | (596,861) | (564,375) |
Write-offs | 0 | (2) |
Sales | (4,324,146) | (889,880) |
Business combination | 7,029,580 | |
Net increase(decrease) (Execution, repayment and others) | 36,757,668 | 27,519,419 |
Ending | 348,518,780 | 316,377,009 |
Non-impaired | ||
Disclosure Of Changes In The Book Value Of Loans At Amortized Cost Line Items [Line Items] | ||
Beginning | 23,814,108 | 26,417,165 |
Changes In The Book Value Of Loans At Amortized Cost Abstract [Abstract] | ||
Transfer to 12-month expected credit losses | (26,629,210) | (54,412,664) |
Transfer to lifetime expected credit losses (non-impaired) | 34,603,648 | 58,078,679 |
Transfer to lifetime expected credit losses (impaired) | (2,287,196) | (1,792,641) |
Write-offs | (6) | 26 |
Sales | (20,907) | (18,163) |
Business combination | 570,710 | |
Net increase(decrease) (Execution, repayment and others) | (1,546,945) | (4,458,294) |
Ending | 28,504,202 | 23,814,108 |
Impaired | ||
Disclosure Of Changes In The Book Value Of Loans At Amortized Cost Line Items [Line Items] | ||
Beginning | 1,900,958 | 2,097,749 |
Changes In The Book Value Of Loans At Amortized Cost Abstract [Abstract] | ||
Transfer to 12-month expected credit losses | (121,811) | (117,509) |
Transfer to lifetime expected credit losses (non-impaired) | (1,128,157) | (563,983) |
Transfer to lifetime expected credit losses (impaired) | 2,884,057 | 2,357,016 |
Write-offs | (1,284,592) | (1,188,608) |
Sales | (200,182) | (188,080) |
Business combination | 1,711,823 | |
Net increase(decrease) (Execution, repayment and others) | (334,731) | (495,627) |
Ending | ₩ 3,427,365 | ₩ 1,900,958 |
Financial Assets at Fair Valu_3
Financial Assets at Fair Value through Profit or Loss and Financial Investments_Financial Assets At Fair Value Through Profit Or Loss And Financial Investments(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | ₩ 61,035,455 | $ 56,196,385 | ₩ 53,549,086 |
Financial Investments Abstract [Abstract] | |||
Financial investments | 98,695,426 | $ 90,870,562 | 71,782,606 |
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 61,035,455 | 53,549,086 | |
Financial assets at fair value through profit or loss | Government and public bonds | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 9,315,317 | 6,569,472 | |
Financial assets at fair value through profit or loss | Financial bonds | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 17,897,348 | 16,360,495 | |
Financial assets at fair value through profit or loss | Corporate bonds | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 3,997,753 | 3,218,480 | |
Financial assets at fair value through profit or loss | Asset-backed securities | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 236,130 | 124,898 | |
Financial assets at fair value through profit or loss | Beneficiary certificates | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 14,200,802 | 12,375,326 | |
Financial assets at fair value through profit or loss | Derivatives linked securities | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 2,218,502 | 3,623,648 | |
Financial assets at fair value through profit or loss | Other debt securities | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 10,549,248 | 8,449,207 | |
Financial assets at fair value through profit or loss | Stocks | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 1,632,619 | 1,716,149 | |
Financial assets at fair value through profit or loss | Other equity securities | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 459,694 | 387,694 | |
Financial assets at fair value through profit or loss | Privately placed bonds | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 212,021 | 265,499 | |
Financial assets at fair value through profit or loss | Other loans | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 125,962 | 162,046 | |
Financial assets at fair value through profit or loss | Other due from financial institutions | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 100,094 | 216,367 | |
Financial assets at fair value through profit or loss | Others | |||
Financial assets at fair value through profit or loss [Abstract] | |||
Financial assets at fair value through profit or loss | 89,965 | 79,805 | |
Financial assets at fair value through other comprehensive income | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 61,825,197 | 46,436,051 | |
Financial assets at fair value through other comprehensive income | Government and public bonds | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 14,735,340 | 9,501,642 | |
Financial assets at fair value through other comprehensive income | Financial bonds | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 23,194,387 | 20,913,361 | |
Financial assets at fair value through other comprehensive income | Corporate bonds | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 18,721,327 | 12,289,820 | |
Financial assets at fair value through other comprehensive income | Asset-backed securities | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 1,795,840 | 832,160 | |
Financial assets at fair value through other comprehensive income | Other debt securities | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 9,995 | 19,865 | |
Financial assets at fair value through other comprehensive income | Stocks | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 2,852,158 | 2,377,994 | |
Financial assets at fair value through other comprehensive income | Other equity securities | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 185,139 | 85,069 | |
Financial assets at fair value through other comprehensive income | Equity investments | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 37,602 | 41,042 | |
Financial assets at fair value through other comprehensive income | Privately placed bonds | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 265,426 | 375,098 | |
Financial assets at fair value through other comprehensive income | Other loans | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at fair value through other comprehensive income | 27,983 | 0 | |
Financial assets at amortized cost | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at amortized cost | 36,870,229 | 25,346,555 | |
Financial assets at amortized cost | Government and public bonds | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at amortized cost | 17,193,289 | 5,395,720 | |
Financial assets at amortized cost | Financial bonds | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at amortized cost | 5,678,949 | 8,157,428 | |
Financial assets at amortized cost | Corporate bonds | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at amortized cost | 8,181,961 | 7,536,805 | |
Financial assets at amortized cost | Asset-backed securities | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at amortized cost | 5,788,587 | 4,258,274 | |
Financial assets at amortized cost | Allowances for credit losses | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at amortized cost | (2,949) | (1,672) | |
Financial assets at amortized cost | Other debt securities | |||
Financial Investments Abstract [Abstract] | |||
Financial assets at amortized cost | ₩ 30,392 | ₩ 0 |
Financial Assets at Fair Valu_4
Financial Assets at Fair Value through Profit or Loss and Financial Investments_Dividend Incomes From The Equity Securities(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
From the financial assets derecognized | ₩ 7,000 | ₩ 0 |
From the remaining financial assets | 38,124 | 54,768 |
Listed | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
From the financial assets derecognized | 7,000 | 0 |
From the remaining financial assets | 11,843 | 26,121 |
Unlisted | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
From the financial assets derecognized | 0 | 0 |
From the remaining financial assets | 22,241 | 25,599 |
Equity investments | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
From the financial assets derecognized | 0 | 0 |
From the remaining financial assets | 285 | 95 |
Other equity securities | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
From the financial assets derecognized | 0 | 0 |
From the remaining financial assets | ₩ 3,755 | ₩ 2,953 |
Financial Assets at Fair Valu_5
Financial Assets at Fair Value through Profit or Loss and Financial Investments_Derecognized Equity Securities Measured At Fair Value Through Other Comprehensive Income(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
Disposal price | ₩ 516,899 | ₩ 20,013 |
Accumulated other comprehensive income as of disposal date | 326,410 | (25,483) |
Listed | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
Disposal price | 516,883 | 18,342 |
Accumulated other comprehensive income as of disposal date | 326,394 | (25,652) |
Unlisted | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
Disposal price | 13 | 1,671 |
Accumulated other comprehensive income as of disposal date | 13 | 169 |
Equity investments | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [Line Items] | ||
Disposal price | 3 | 0 |
Accumulated other comprehensive income as of disposal date | ₩ 3 | ₩ 0 |
Financial Assets at Fair Valu_6
Financial Assets at Fair Value through Profit or Loss and Financial Investments_Provision And Reversal For The Allowance Of Financial Investments(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments Line Items [Line Items] | |||
Provision | ₩ 6,415 | ₩ 1,923 | ₩ 2,119 |
Reversal | (1,181) | (2,406) | (1,981) |
Total | 5,234 | (483) | 138 |
Securities measured at fair value through other comprehensive income | |||
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments Line Items [Line Items] | |||
Provision | 4,297 | 1,537 | 860 |
Reversal | (229) | (1,144) | (873) |
Total | 4,068 | 393 | (13) |
Loans measured at fair value through other comprehensive income | |||
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments Line Items [Line Items] | |||
Provision | 202 | 170 | 963 |
Reversal | (316) | (982) | (826) |
Total | (114) | (812) | 137 |
Securities measured at amortized cost | |||
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments Line Items [Line Items] | |||
Provision | 1,916 | 216 | 296 |
Reversal | (636) | (280) | (282) |
Total | ₩ 1,280 | ₩ (64) | ₩ 14 |
Financial Assets at Fair Valu_7
Financial Assets at Fair Value through Profit or Loss and Financial Investments_Changes In The Allowances For Credit Losses Of Financial Investments(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Provision (reversal) for credit losses | ₩ 5,234 | ₩ (483) | ₩ 138 |
Financial assets at fair value through profit or loss and financial investments | 12-month expected credit losses | |||
Disclosure Of Changes In The Allowances For Credit Losses Of Financial Investments [Line Items] | |||
Beginning | 5,370 | 5,657 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | 437 | |
Transfer to lifetime expected credit losses | 0 | (669) | |
Sales | (589) | (329) | |
Provision (reversal) for credit losses | 5,195 | 219 | |
Others | (68) | 55 | |
Ending | 9,908 | 5,370 | 5,657 |
Financial assets at fair value through profit or loss and financial investments | Non-impaired | |||
Disclosure Of Changes In The Allowances For Credit Losses Of Financial Investments [Line Items] | |||
Beginning | 0 | 192 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | (188) | |
Transfer to lifetime expected credit losses | 0 | 669 | |
Sales | 0 | 0 | |
Provision (reversal) for credit losses | 39 | (702) | |
Others | 0 | 29 | |
Ending | 39 | 0 | 192 |
Financial assets at fair value through profit or loss and financial investments | Impaired | |||
Disclosure Of Changes In The Allowances For Credit Losses Of Financial Investments [Line Items] | |||
Beginning | 0 | 322 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | (249) | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Sales | 0 | 0 | |
Provision (reversal) for credit losses | 0 | 0 | |
Others | 73 | (73) | |
Ending | ₩ 73 | ₩ 0 | ₩ 322 |
Investments in Associates and_3
Investments in Associates and Joint Ventures_Investments In Associates And Joint Ventures(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | Dec. 31, 2020USD ($) | |||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Acquistion cost | ₩ 737,672 | ₩ 577,113 | ||||||
Share of net asset amount | 757,297 | 584,374 | ||||||
Carrying amount | ₩ 771,435 | [1] | ₩ 598,240 | [1] | ₩ 504,932 | [1] | $ 710,274 | |
Description Of Exemption For Equity Method | In accordance with IAS No.28 Investments in Associates and Joint Ventures, the Group has applied exemption of equity method for 28 companies including Rainist Co., Ltd., and recognized them as financial assets at fair value through profit or loss. Although the Group holds more than 20% of ownership, the entities that the Group has a limited influence on due to the trust agreement on related activities, bankruptcy and rehabilitation procedures have been excluded from the investment in associates by limited influence. | |||||||
KB Pre IPO Secondary Venture Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [2] | 15.19% | 15.19% | |||||
Acquistion cost | [2] | ₩ 551 | ₩ 1,137 | |||||
Share of net asset amount | [2],[3] | 1,279 | 1,705 | |||||
Carrying amount | [1] | ₩ 1,279 | [2],[3] | ₩ 1,705 | [2],[3] | ₩ 1,649 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies | ||||||
KB GwS Private Securities Investment Trust | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 26.74% | 26.74% | ||||||
Acquistion cost | ₩ 113,880 | ₩ 113,880 | ||||||
Share of net asset amount | [3] | 142,799 | 138,013 | |||||
Carrying amount | [1] | ₩ 141,359 | [3] | ₩ 136,168 | [3] | ₩ 134,362 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB Star Office Private Real Estate Investment Trust No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 21.05% | 21.05% | ||||||
Acquistion cost | ₩ 20,000 | ₩ 20,000 | ||||||
Share of net asset amount | [3] | 20,413 | 19,839 | |||||
Carrying amount | [1] | ₩ 20,066 | [3] | ₩ 19,839 | [3] | ₩ 19,839 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
PT Bank Bukopin TBK | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 22.00% | |||||||
Acquistion cost | ₩ 116,422 | |||||||
Share of net asset amount | [3] | 115,321 | ||||||
Carrying amount | [1],[4] | ₩ 0 | [3] | ₩ 121,381 | [3] | ₩ 113,932 | ||
Industry | Banking and foreign exchange transaction | |||||||
Location | Indonesia | |||||||
Balhae Infrastructure Company | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [2] | 12.61% | 12.61% | |||||
Acquistion cost | [2] | ₩ 106,107 | ₩ 105,214 | |||||
Share of net asset amount | [2],[3] | 106,624 | 101,391 | |||||
Carrying amount | [1] | ₩ 106,624 | [2],[3] | ₩ 101,391 | [2],[3] | ₩ 108,050 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies | ||||||
Aju Good Technology Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 38.46% | 38.46% | ||||||
Acquistion cost | ₩ 17,113 | ₩ 19,998 | ||||||
Share of net asset amount | [3] | 21,351 | 23,016 | |||||
Carrying amount | [1] | ₩ 21,348 | [3] | ₩ 23,016 | [3] | ₩ 18,134 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
SY Auto Capital Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 49.00% | 49.00% | ||||||
Acquistion cost | ₩ 9,800 | ₩ 9,800 | ||||||
Share of net asset amount | [3] | 18,713 | 17,736 | |||||
Carrying amount | [1] | ₩ 16,144 | [3] | ₩ 12,725 | [3] | ₩ 10,672 | ||
Industry | Installment loan | Installment loan | ||||||
Location | Korea | Korea | ||||||
Incheon Bridge Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | [2] | 14.99% | 14.99% | |||||
Acquistion cost | [2] | ₩ 9,158 | ₩ 9,158 | |||||
Share of net asset amount | [2],[3] | (18,100) | ₩ (14,746) | |||||
Carrying amount | [1],[2],[3] | ₩ 0 | ||||||
Industry | [2] | Operation of highways and related facilities | Operation of highways and related facilities | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies | ||||||
Big Dipper Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 25.14% | 29.33% | ||||||
Acquistion cost | ₩ 440 | ₩ 440 | ||||||
Share of net asset amount | [3] | (5) | 10 | |||||
Carrying amount | [1] | ₩ 0 | [3] | ₩ 125 | [3] | ₩ 280 | ||
Industry | Research, consulting and big data | Research, consulting and big data | ||||||
Location | Korea | Korea | ||||||
APRO Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | [2] | 15.19% | ||||||
Acquistion cost | [2] | ₩ 1,500 | ||||||
Share of net asset amount | [2],[3] | 2,565 | ||||||
Carrying amount | [1] | ₩ 2,790 | [2],[3] | ₩ 1,403 | ||||
Industry | [2] | Manufacture of electric power storage system | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies | |||||||
Paycoms Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [5] | 11.70% | 11.70% | |||||
Acquistion cost | [5] | ₩ 800 | ₩ 800 | |||||
Share of net asset amount | [3],[5] | 72 | 17 | |||||
Carrying amount | [1] | ₩ 198 | [3],[5] | ₩ 45 | [3],[5] | ₩ 103 | ||
Industry | [5] | System software publishing | System software publishing | |||||
Location | [5] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | The ownership of Paycoms Co., Ltd. would be 22.96% and 22.96% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | The ownership of Paycoms Co., Ltd. would be 22.96% and 22.96% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | ||||||
Food Factory Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [6] | 22.22% | 22.22% | |||||
Acquistion cost | [6] | ₩ 1,000 | ₩ 1,000 | |||||
Share of net asset amount | [3],[6] | 632 | 398 | |||||
Carrying amount | [1] | ₩ 1,281 | [3],[6] | ₩ 1,000 | [3],[6] | ₩ 928 | ||
Industry | [6] | Farm product distribution industry | Farm product distribution industry | |||||
Location | [6] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | ||||||
KB Private Equity Fund No.3 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [2] | 15.69% | 15.69% | |||||
Acquistion cost | [2] | ₩ 0 | ₩ 8,000 | |||||
Share of net asset amount | [2],[3] | 94 | 7,754 | |||||
Carrying amount | [1] | ₩ 94 | [2],[3] | ₩ 7,754 | [2],[3] | ₩ 7,830 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies | ||||||
Korea Credit Bureau Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [2] | 9.00% | 9.00% | |||||
Acquistion cost | [2] | ₩ 4,500 | ₩ 4,500 | |||||
Share of net asset amount | [2],[3] | 7,153 | 5,991 | |||||
Carrying amount | [1] | ₩ 7,153 | [2],[3] | ₩ 5,991 | [2],[3] | ₩ 5,941 | ||
Industry | [2] | Credit information | Credit information | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies | ||||||
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 25.00% | 25.00% | ||||||
Acquistion cost | ₩ 9,739 | ₩ 12,970 | ||||||
Share of net asset amount | [3] | 9,845 | 13,616 | |||||
Carrying amount | [1] | ₩ 9,845 | [3] | ₩ 13,616 | [3] | ₩ 14,601 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
Keystone-Hyundai Securities No. 1 Private Equity Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [2] | 4.49% | 4.49% | |||||
Acquistion cost | [2] | ₩ 1,908 | ₩ 1,908 | |||||
Share of net asset amount | [2],[3] | 1,556 | 1,625 | |||||
Carrying amount | [1] | ₩ 1,556 | [2],[3] | ₩ 1,625 | [2],[3] | ₩ 1,581 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | ||||||
POSCO-KB Shipbuilding Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 31.25% | 31.25% | ||||||
Acquistion cost | ₩ 10,375 | ₩ 7,500 | ||||||
Share of net asset amount | [3] | 12,895 | 6,847 | |||||
Carrying amount | [1] | ₩ 12,895 | [3] | ₩ 6,847 | [3] | ₩ 4,463 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
GH Real Estate I LP | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | 42.00% | |||||||
Acquistion cost | ₩ 17,678 | |||||||
Share of net asset amount | [3] | 19,042 | ||||||
Carrying amount | [1] | ₩ 19,042 | [3] | ₩ 17,252 | ||||
Industry | Asset management | |||||||
Location | Guernsey | |||||||
UNION Media Commerce Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | 28.99% | 28.99% | ||||||
Acquistion cost | ₩ 1,000 | ₩ 1,000 | ||||||
Share of net asset amount | [3] | 960 | 961 | |||||
Carrying amount | [1] | ₩ 960 | [3] | ₩ 961 | [3] | ₩ 962 | ||
Industry | Investment | Investment | ||||||
Location | Korea | Korea | ||||||
KB Social Impact Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | 30.00% | 30.00% | ||||||
Acquistion cost | ₩ 3,000 | ₩ 1,500 | ||||||
Share of net asset amount | [3] | 2,874 | 1,465 | |||||
Carrying amount | [1],[3] | ₩ 2,874 | ₩ 1,465 | |||||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB-Solidus Global Healthcare Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | 43.33% | 43.33% | ||||||
Acquistion cost | ₩ 48,677 | ₩ 42,697 | ||||||
Share of net asset amount | [3] | 45,516 | 45,021 | |||||
Carrying amount | [1],[3] | ₩ 46,213 | ₩ 45,718 | |||||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB-Stonebridge Secondary Private Equity Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | [2] | 14.56% | 14.56% | |||||
Acquistion cost | [2] | ₩ 14,308 | ₩ 5,215 | |||||
Share of net asset amount | [2],[3] | 16,636 | 4,944 | |||||
Carrying amount | [1],[2],[3] | ₩ 16,636 | ₩ 4,944 | |||||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | ||||||
KB SPROTT Renewable Private Equity Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | 37.69% | 37.69% | ||||||
Acquistion cost | ₩ 5,795 | ₩ 1,667 | ||||||
Share of net asset amount | [3] | 5,049 | 1,295 | |||||
Carrying amount | [1],[3] | ₩ 5,049 | ₩ 1,295 | |||||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB-UTC Inno-Tech Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | 44.29% | 44.29% | ||||||
Acquistion cost | ₩ 17,416 | ₩ 450 | ||||||
Share of net asset amount | [3] | 16,999 | 417 | |||||
Carrying amount | [1],[3] | ₩ 16,999 | ₩ 417 | |||||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | |||||
Ownership (%) | [7] | 66.66% | 66.66% | |||||
Acquistion cost | [7] | ₩ 13,601 | ₩ 20,000 | |||||
Share of net asset amount | [3],[7] | 16,042 | 18,988 | |||||
Carrying amount | [1] | ₩ 16,042 | [3],[7] | ₩ 18,988 | [3],[7] | ₩ 14,594 | ||
Industry | [7] | Investment finance | Investment finance | |||||
Location | [7] | Korea | Korea | |||||
Description of nature of entity's relationship with joint venture | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. | ||||||
KB-TS Technology Venture Private Equity Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | |||||
Ownership (%) | [7] | 56.00% | 56.00% | |||||
Acquistion cost | [7] | ₩ 16,576 | ₩ 19,824 | |||||
Share of net asset amount | [3],[7] | 17,630 | 19,731 | |||||
Carrying amount | [1] | ₩ 17,630 | [3],[7] | ₩ 19,731 | [3],[7] | ₩ 13,777 | ||
Industry | [7] | Investment finance | Investment finance | |||||
Location | [7] | Korea | Korea | |||||
Description of nature of entity's relationship with joint venture | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. | ||||||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | |||||
Ownership (%) | [7] | 42.55% | 42.55% | |||||
Acquistion cost | [7] | ₩ 26,050 | ₩ 21,250 | |||||
Share of net asset amount | [7] | 27,513 | 20,504 | [3] | ||||
Carrying amount | [1] | ₩ 26,763 | [7] | ₩ 19,752 | [3],[7] | ₩ 7,930 | ||
Industry | [7] | Investment finance | Investment finance | |||||
Location | [7] | Korea | Korea | |||||
Description of nature of entity's relationship with joint venture | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. | ||||||
KB-SJ Tourism Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Ownership (%) | [2] | 18.52% | 18.52% | |||||
Acquistion cost | [2] | ₩ 4,500 | ₩ 3,000 | |||||
Share of net asset amount | [2],[3] | 4,133 | 2,761 | |||||
Carrying amount | [1] | ₩ 4,133 | [2],[3] | ₩ 2,761 | [2],[3] | ₩ 1,386 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | ||||||
KBSP Private Equity Fund No.4 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Ownership (%) | [2] | 14.95% | 14.95% | |||||
Acquistion cost | [2] | ₩ 6,100 | ₩ 6,100 | |||||
Share of net asset amount | [2],[3] | 5,950 | 5,904 | |||||
Carrying amount | [1],[2],[3] | ₩ 5,950 | ₩ 5,904 | |||||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | ||||||
WJ Private Equity Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | 26.95% | |||||||
Acquistion cost | ₩ 10,000 | |||||||
Share of net asset amount | [3] | 9,711 | ||||||
Carrying amount | [1],[3] | ₩ 9,711 | ||||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
All Together Korea Fund No.2 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | 99.99% | |||||||
Acquistion cost | ₩ 10,000 | |||||||
Share of net asset amount | [3] | 10,023 | ||||||
Carrying amount | [1],[3] | ₩ 10,023 | ||||||
Industry | Asset management | |||||||
Location | Korea | |||||||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | [2] | 12.00% | ||||||
Acquistion cost | [2] | ₩ 5,700 | ||||||
Share of net asset amount | [2],[3] | 5,611 | ||||||
Carrying amount | [1],[2],[3] | ₩ 5,611 | ||||||
Industry | [2] | Asset management | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | |||||||
JR GLOBAL REIT | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | 26.07% | |||||||
Acquistion cost | ₩ 215,854 | |||||||
Share of net asset amount | [3] | 215,854 | ||||||
Carrying amount | [1],[3] | ₩ 215,854 | ||||||
Industry | Real estate management | |||||||
Location | Korea | |||||||
Project Vanilla Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | 49.00% | |||||||
Acquistion cost | ₩ 2,450 | |||||||
Share of net asset amount | [3] | 2,151 | ||||||
Carrying amount | [1],[3] | ₩ 2,151 | ||||||
Industry | System software publishing | |||||||
Location | Korea | |||||||
December & Company Inc. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | [2] | 17.63% | ||||||
Acquistion cost | [2] | ₩ 24,849 | ||||||
Share of net asset amount | [2],[3] | 24,402 | ||||||
Carrying amount | [1],[2],[3] | ₩ 24,402 | ||||||
Industry | [2] | System software publishing | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | |||||||
2020 KB Fintech Renaissance Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | [2] | 5.05% | ||||||
Acquistion cost | [2] | ₩ 550 | ||||||
Share of net asset amount | [2],[3] | 547 | ||||||
Carrying amount | [1],[2],[3] | ₩ 547 | ||||||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | |||||||
KB Material and Parts No.1 PEF | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | [2] | 14.47% | ||||||
Acquistion cost | [2] | ₩ 3,400 | ||||||
Share of net asset amount | [2],[3] | 3,371 | ||||||
Carrying amount | [1],[2],[3] | ₩ 3,371 | ||||||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | |||||||
FineKB Private Equity Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Ownership (%) | 25.00% | |||||||
Acquistion cost | ₩ 0 | |||||||
Share of net asset amount | [3] | 0 | ||||||
Carrying amount | [1],[3] | ₩ 0 | ||||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
Others | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Acquistion cost | ₩ 2,475 | ₩ 2,505 | ||||||
Share of net asset amount | ₩ 1,004 | 2,243 | ||||||
Carrying amount | [1] | ₩ 1,244 | ₩ 5,263 | |||||
[1] | Gains on disposal of investments in associates and joint ventures amount to KRW 1,423 million KRW 24,768 million for the years ended December 31, 2019 and 2020, respectively. | |||||||
[2] | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | |||||||
[3] | The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. | |||||||
[4] | The investment was reclassified to subsidiaries from associates for the year ended December 31, 2020 due to additional share purchase. | |||||||
[5] | The ownership of Paycoms Co., Ltd. would be 22.96% and 22.96% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | |||||||
[6] | The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | |||||||
[7] | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. |
Investments in Associates and_4
Investments in Associates and Joint Ventures_Summarized Financial Information On Major Associates And Joint Ventures Adjustments To Carrying Amount Of Investment In Associates And Dividends Received(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | Dec. 31, 2020USD ($) | |||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Share of net asset amount | ₩ 757,297 | ₩ 584,374 | ||||||
Carrying amount | 771,435 | [1] | 598,240 | [1] | ₩ 504,932 | [1] | $ 710,274 | |
Dividends | [1] | ₩ 18,669 | ₩ 16,287 | |||||
Description Of Basis Of Preparation Of Summarised Financial Information Of Associate | The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. | The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. | ||||||
Description of basis of preparation of summarised financial information of associate | The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. | The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. | ||||||
KB Pre IPO Secondary Venture Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 8,423 | ₩ 11,237 | |||||
Total liabilities | [2] | 3 | 20 | |||||
Share capital | [2] | 5,940 | 8,690 | |||||
Equity | [2] | 8,420 | 11,217 | |||||
Share of net asset amount | [2],[3] | 1,279 | 1,705 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 1,279 | [2],[3] | 1,705 | [2],[3] | ₩ 1,649 | ||
Operating income | [2] | 1,942 | 3,225 | |||||
Profit (Loss) | [2] | 1,053 | 2,452 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 1,053 | 2,452 | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB GwS Private Securities Investment Trust | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 534,764 | ₩ 522,865 | |||||
Total liabilities | [2] | 741 | 741 | |||||
Share capital | [2] | 425,814 | 425,814 | |||||
Equity | 534,023 | [2] | 522,124 | |||||
Share of net asset amount | [2] | 142,799 | 138,013 | |||||
Unrealized gains (losses) | [2] | (1,440) | (1,845) | |||||
Carrying amount | [1] | 141,359 | [2] | 136,168 | [2] | ₩ 134,362 | ||
Operating income | [2] | 48,501 | 42,503 | |||||
Profit (Loss) | [2] | 47,520 | 41,524 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 47,520 | 41,524 | |||||
Dividends | [1],[2] | ₩ 9,525 | ₩ 9,297 | |||||
KB Star Office Private Real Estate Investment Trust No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 231,018 | ₩ 218,611 | |||||
Total liabilities | [2] | 122,298 | 122,465 | |||||
Share capital | [2] | 95,000 | 95,000 | |||||
Equity | [2] | 108,720 | 96,146 | |||||
Share of net asset amount | [2] | 20,413 | 19,839 | |||||
Unrealized gains (losses) | [2] | (347) | 0 | |||||
Carrying amount | [1] | 20,066 | [2] | 19,839 | [2] | ₩ 19,839 | ||
Operating income | [2] | 2,392 | 14,455 | |||||
Profit (Loss) | [2] | 1,076 | 6,004 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 1,076 | 6,004 | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
PT Bank Bukopin TBK | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 8,148,013 | ||||||
Total liabilities | [2] | 7,623,829 | ||||||
Share capital | [2] | 106,536 | ||||||
Equity | [2] | 524,184 | ||||||
Share of net asset amount | [2] | 115,321 | ||||||
Unrealized gains (losses) | [2] | 6,060 | ||||||
Carrying amount | [1],[4] | ₩ 0 | [2] | 121,381 | [2] | ₩ 113,932 | ||
Operating income | [2] | 721,169 | ||||||
Profit (Loss) | [2] | (5,612) | ||||||
Other comprehensive income | [2] | 45,780 | ||||||
Total comprehensive income | [2] | 40,168 | ||||||
Dividends | [1],[2],[4] | ₩ 0 | ₩ 0 | |||||
Balhae Infrastructure Company | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 847,758 | ₩ 806,218 | |||||
Total liabilities | [2] | 1,870 | 1,854 | |||||
Share capital | [2] | 841,784 | 834,695 | |||||
Equity | [2] | 845,888 | 804,364 | |||||
Share of net asset amount | [2],[3] | 106,624 | 101,391 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 106,624 | [2],[3] | 101,391 | [2],[3] | ₩ 108,050 | ||
Operating income | [2] | 63,781 | 62,113 | |||||
Profit (Loss) | [2] | 89,757 | (3,153) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 89,757 | (3,153) | |||||
Dividends | [1],[2] | ₩ 6,973 | ₩ 6,855 | |||||
Aju Good Technology Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 57,776 | ₩ 60,675 | |||||
Total liabilities | [2] | 2,265 | 828 | |||||
Share capital | [2] | 44,500 | 52,000 | |||||
Equity | [2] | 55,511 | 59,847 | |||||
Share of net asset amount | [2] | 21,351 | 23,016 | |||||
Unrealized gains (losses) | [2] | (3) | 0 | |||||
Carrying amount | [1] | 21,348 | [2] | 23,016 | [2] | ₩ 18,134 | ||
Operating income | [2] | 8,685 | 9,288 | |||||
Profit (Loss) | [2] | 2,815 | 7,734 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 2,815 | 7,734 | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
SY Auto Capital Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 89,462 | ₩ 88,611 | |||||
Total liabilities | [2] | 51,272 | 52,415 | |||||
Share capital | [2] | 20,000 | 20,000 | |||||
Equity | [2] | 38,190 | 36,196 | |||||
Share of net asset amount | [2] | 18,713 | 17,736 | |||||
Unrealized gains (losses) | [2] | (2,569) | (5,011) | |||||
Carrying amount | [1] | 16,144 | [2] | 12,725 | [2] | ₩ 10,672 | ||
Operating income | [2] | 17,404 | 20,394 | |||||
Profit (Loss) | [2] | 2,057 | 5,292 | |||||
Other comprehensive income | [2] | (49) | (215) | |||||
Total comprehensive income | [2] | 2,008 | 5,077 | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
Incheon Bridge Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 579,386 | ₩ 609,194 | |||||
Total liabilities | [2] | 700,133 | 707,563 | |||||
Share capital | [2] | 61,096 | 61,096 | |||||
Equity | [2] | (120,747) | (98,369) | |||||
Share of net asset amount | [2],[3] | (18,100) | (14,746) | |||||
Unrealized gains (losses) | [2] | 18,100 | 14,746 | |||||
Carrying amount | [1],[2],[3] | 0 | ||||||
Operating income | 70,345 | [2] | 107,178 | |||||
Profit (Loss) | [2] | (23,200) | 9,127 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (23,200) | ₩ 9,127 | |||||
Dividends | [1],[2] | ₩ 0 | ||||||
Big Dipper Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 285 | ₩ 370 | |||||
Total liabilities | [2] | 306 | 336 | |||||
Share capital | [2] | 1,750 | 1,500 | |||||
Equity | [2] | (21) | 34 | |||||
Share of net asset amount | [2] | (5) | 10 | |||||
Unrealized gains (losses) | [2] | 5 | 115 | |||||
Carrying amount | [1] | 0 | [2] | 125 | [2] | ₩ 280 | ||
Operating income | [2] | 942 | 598 | |||||
Profit (Loss) | [2] | (305) | (532) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (305) | (532) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
APRO Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 47,164 | ||||||
Total liabilities | [2] | 30,281 | ||||||
Share capital | [2] | 2,468 | ||||||
Equity | [2] | 16,883 | ||||||
Share of net asset amount | [2],[3] | 2,565 | ||||||
Unrealized gains (losses) | [2] | 225 | ||||||
Carrying amount | [1] | 2,790 | [2],[3] | ₩ 1,403 | ||||
Operating income | [2] | 47,725 | ||||||
Profit (Loss) | [2] | 7,702 | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | 7,702 | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
Paycoms Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 2,690 | ₩ 1,763 | |||||
Total liabilities | [2] | 2,073 | 1,620 | |||||
Share capital | [2] | 855 | 855 | |||||
Equity | [2] | 617 | 143 | |||||
Share of net asset amount | [2],[5] | 72 | 17 | |||||
Unrealized gains (losses) | [2] | 126 | 28 | |||||
Carrying amount | [1] | 198 | [2],[5] | 45 | [2],[5] | ₩ 103 | ||
Operating income | [2] | 1,391 | 262 | |||||
Profit (Loss) | [2] | 505 | (343) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 505 | (343) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
Food Factory Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 7,613 | ₩ 5,587 | |||||
Total liabilities | [2] | 4,767 | 3,797 | |||||
Share capital | [2] | 450 | 450 | |||||
Equity | [2] | 2,846 | 1,790 | |||||
Share of net asset amount | [2],[6] | 632 | 398 | |||||
Unrealized gains (losses) | [2] | 649 | 602 | |||||
Carrying amount | [1] | 1,281 | [2],[6] | 1,000 | [2],[6] | ₩ 928 | ||
Operating income | [2] | 9,282 | 6,807 | |||||
Profit (Loss) | [2] | 407 | 664 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 407 | 664 | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB Private Equity Fund No.3 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 1,132 | ₩ 49,437 | |||||
Total liabilities | [2] | 533 | 4 | |||||
Share capital | [2] | 0 | 51,000 | |||||
Equity | [2] | 599 | 49,433 | |||||
Share of net asset amount | [2],[3] | 94 | 7,754 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 94 | [2],[3] | 7,754 | [2],[3] | ₩ 7,830 | ||
Operating income | [2] | 0 | 0 | |||||
Profit (Loss) | [2] | 15,442 | (485) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 15,442 | (485) | |||||
Dividends | [1],[2] | ₩ 2,082 | ₩ 0 | |||||
Korea Credit Bureau Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 117,077 | ₩ 96,855 | |||||
Total liabilities | [2] | 37,599 | 30,289 | |||||
Share capital | [2] | 10,000 | 10,000 | |||||
Equity | [2] | 79,478 | 66,566 | |||||
Share of net asset amount | [2],[3] | 7,153 | 5,991 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 7,153 | [2],[3] | 5,991 | [2],[3] | ₩ 5,941 | ||
Operating income | [2] | 107,810 | 91,200 | |||||
Profit (Loss) | [2] | 13,391 | 1,480 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 13,391 | 1,480 | |||||
Dividends | [1],[2] | ₩ 89 | ₩ 135 | |||||
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 42,585 | ₩ 55,524 | |||||
Total liabilities | [2] | 3,205 | 1,063 | |||||
Share capital | [2] | 38,960 | 51,880 | |||||
Equity | [2] | 39,380 | 54,461 | |||||
Share of net asset amount | [2] | 9,845 | 13,616 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 9,845 | [2] | 13,616 | [2] | ₩ 14,601 | ||
Operating income | [2] | 1,629 | 4,077 | |||||
Profit (Loss) | [2] | 626 | (3,911) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 626 | (3,911) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
Keystone-Hyundai Securities No. 1 Private Equity Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 178,848 | ₩ 187,156 | |||||
Total liabilities | [2] | 132,123 | 153,842 | |||||
Share capital | [2] | 42,837 | 42,837 | |||||
Equity | [2] | 46,725 | 33,314 | |||||
Share of net asset amount | [2],[3] | 1,556 | 1,625 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 1,556 | [2],[3] | 1,625 | [2],[3] | ₩ 1,581 | ||
Operating income | [2] | 16,586 | 18,342 | |||||
Profit (Loss) | [2] | (1,536) | (572) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (1,536) | (572) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
POSCO-KB Shipbuilding Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 41,807 | ₩ 21,916 | |||||
Total liabilities | [2] | 541 | 4 | |||||
Share capital | [2] | 33,200 | 24,000 | |||||
Equity | [2] | 41,266 | 21,912 | |||||
Share of net asset amount | [2] | 12,895 | 6,847 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 12,895 | [2] | 6,847 | [2] | ₩ 4,463 | ||
Operating income | [2] | 12,842 | 1,000 | |||||
Profit (Loss) | [2] | 10,154 | (371) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 10,154 | (371) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
GH Real Estate I LP | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 45,340 | ||||||
Total liabilities | [2] | 61 | ||||||
Share capital | [2] | 42,093 | ||||||
Equity | [2] | 45,279 | ||||||
Share of net asset amount | [2] | 19,042 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 19,042 | [2] | ₩ 17,252 | ||||
Operating income | [2] | 5,043 | ||||||
Profit (Loss) | [2] | 3,698 | ||||||
Other comprehensive income | [2] | 565 | ||||||
Total comprehensive income | [2] | 4,263 | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
UNION Media Commerce Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 3,318 | ₩ 3,318 | |||||
Total liabilities | [2] | 7 | 4 | |||||
Share capital | [2] | 3,450 | 3,450 | |||||
Equity | [2] | 3,311 | 3,314 | |||||
Share of net asset amount | [2] | 960 | 961 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 960 | [2] | 961 | [2] | ₩ 962 | ||
Operating income | [2] | 0 | 0 | |||||
Profit (Loss) | [2] | (3) | (3) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (3) | (3) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KBSP Private Equity Fund No.4 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 39,795 | ₩ 39,492 | |||||
Total liabilities | [2] | 0 | 2 | |||||
Share capital | [2] | 40,800 | 40,800 | |||||
Equity | [2] | 39,795 | 39,490 | |||||
Share of net asset amount | [2],[3] | 5,950 | 5,904 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1],[2],[3] | 5,950 | 5,904 | |||||
Operating income | [2] | 2 | 39 | |||||
Profit (Loss) | [2] | 306 | (1,304) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 306 | (1,304) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB Social Impact Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 9,585 | ₩ 4,885 | |||||
Total liabilities | [2] | 4 | 3 | |||||
Share capital | [2] | 10,000 | 5,000 | |||||
Equity | [2] | 9,581 | 4,882 | |||||
Share of net asset amount | [2] | 2,874 | 1,465 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1],[2] | 2,874 | 1,465 | |||||
Operating income | [2] | 8 | 8 | |||||
Profit (Loss) | [2] | (301) | (118) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (301) | (118) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB-Solidus Global Healthcare Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 106,215 | ₩ 103,896 | |||||
Total liabilities | [2] | 1,179 | 5 | |||||
Share capital | [2] | 75,600 | 61,800 | |||||
Equity | [2] | 105,036 | 103,891 | |||||
Share of net asset amount | [2] | 45,516 | 45,021 | |||||
Unrealized gains (losses) | [2] | 697 | 697 | |||||
Carrying amount | [1],[2] | 46,213 | 45,718 | |||||
Operating income | [2] | 6,435 | 13,085 | |||||
Profit (Loss) | [2] | (12,655) | 8,708 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (12,655) | 8,708 | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB-Stonebridge Secondary Private Equity Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 114,712 | ₩ 34,450 | |||||
Total liabilities | [2] | 496 | 507 | |||||
Share capital | [2] | 98,235 | 35,805 | |||||
Equity | [2] | 114,216 | 33,943 | |||||
Share of net asset amount | [2],[3] | 16,636 | 4,944 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1],[2],[3] | 16,636 | 4,944 | |||||
Operating income | [2] | 20,068 | 346 | |||||
Profit (Loss) | [2] | 17,842 | (1,856) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 17,842 | (1,856) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB SPROTT Renewable Private Equity Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 13,896 | ₩ 3,686 | |||||
Total liabilities | [2] | 497 | 249 | |||||
Share capital | [2] | 15,376 | 9,640 | |||||
Equity | [2] | 13,399 | 3,437 | |||||
Share of net asset amount | [2] | 5,049 | 1,295 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1],[2] | 5,049 | 1,295 | |||||
Operating income | [2] | 1 | 1 | |||||
Profit (Loss) | [2] | (991) | (986) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (991) | (986) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB-UTC Inno-Tech Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Total assets | [2] | ₩ 38,585 | ₩ 1,016 | |||||
Total liabilities | [2] | 207 | 75 | |||||
Share capital | [2] | 39,319 | 1,016 | |||||
Equity | [2] | 38,378 | 941 | |||||
Share of net asset amount | [2] | 16,999 | 417 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1],[2] | 16,999 | 417 | |||||
Operating income | [2] | 0 | 0 | |||||
Profit (Loss) | [2] | (866) | (75) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (866) | (75) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB-KDBC Pre-IPO New Technology Business Investment Fund [Member] | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | |||||
Total assets | [2] | ₩ 24,655 | ₩ 29,086 | |||||
Total liabilities | [2] | 592 | 603 | |||||
Share capital | [2] | 20,400 | 30,000 | |||||
Equity | [2] | 24,063 | 28,483 | |||||
Share of net asset amount | [2],[7] | 16,042 | 18,988 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 16,042 | [2],[7] | 18,988 | [2],[7] | ₩ 14,594 | ||
Operating income | [2] | 5,151 | 371 | |||||
Profit (Loss) | [2] | 4,421 | (638) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 4,421 | (638) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB-TS Technology Venture Private Equity Fund [Member] | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | |||||
Total assets | [2] | ₩ 34,972 | ₩ 36,445 | |||||
Total liabilities | [2] | 3,490 | 1,212 | |||||
Share capital | [2] | 29,600 | 35,400 | |||||
Equity | [2] | 31,482 | 35,233 | |||||
Share of net asset amount | [2],[7] | 17,630 | 19,731 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 17,630 | [2],[7] | 19,731 | [2],[7] | ₩ 13,777 | ||
Operating income | [2] | 5,342 | 1,643 | |||||
Profit (Loss) | [2] | 4,051 | 632 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 4,051 | 632 | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund [Member] | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | |||||
Total assets | ₩ 64,968 | ₩ 48,369 | [2] | |||||
Total liabilities | 313 | 185 | [2] | |||||
Share capital | 62,980 | 51,700 | [2] | |||||
Equity | 64,655 | 48,184 | [2] | |||||
Share of net asset amount | [7] | 27,513 | 20,504 | [2] | ||||
Unrealized gains (losses) | [2] | (750) | (752) | |||||
Carrying amount | [1] | 26,763 | [7] | 19,752 | [2],[7] | ₩ 7,930 | ||
Operating income | [2] | 5,257 | 138 | |||||
Profit (Loss) | [2] | 3,013 | (3,355) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 3,013 | (3,355) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
KB-SJ Tourism Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Total assets | [2] | ₩ 22,327 | ₩ 14,914 | |||||
Total liabilities | [2] | 6 | 4 | |||||
Share capital | [2] | 24,300 | 16,200 | |||||
Equity | [2] | 22,321 | 14,910 | |||||
Share of net asset amount | [2],[3] | 4,133 | 2,761 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 4,133 | [2],[3] | 2,761 | [2],[3] | ₩ 1,386 | ||
Operating income | [2] | 0 | 0 | |||||
Profit (Loss) | [2] | (689) | (673) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (689) | (673) | |||||
Dividends | [1],[2] | ₩ 0 | ₩ 0 | |||||
WJ Private Equity Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 36,197 | ||||||
Total liabilities | [2] | 170 | ||||||
Share capital | [2] | 37,100 | ||||||
Equity | [2] | 36,027 | ||||||
Share of net asset amount | [2] | 9,711 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2] | 9,711 | ||||||
Operating income | [2] | 2 | ||||||
Profit (Loss) | [2] | (1,073) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (1,073) | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
All Together Korea Fund No.2 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 10,025 | ||||||
Total liabilities | [2] | 1 | ||||||
Share capital | [2] | 10,001 | ||||||
Equity | [2] | 10,024 | ||||||
Share of net asset amount | [2] | 10,023 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2] | 10,023 | ||||||
Operating income | [2] | 187 | ||||||
Profit (Loss) | [2] | 150 | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | 150 | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 47,607 | ||||||
Total liabilities | [2] | 850 | ||||||
Share capital | [2] | 47,500 | ||||||
Equity | [2] | 46,757 | ||||||
Share of net asset amount | [2],[3] | 5,611 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2],[3] | 5,611 | ||||||
Operating income | [2] | 2,901 | ||||||
Profit (Loss) | [2] | (743) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (743) | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
JR GLOBAL REIT | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 1,859,214 | ||||||
Total liabilities | [2] | 1,043,068 | ||||||
Share capital | [2] | 165,600 | ||||||
Equity | [2] | 816,146 | ||||||
Share of net asset amount | [2] | 215,854 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2] | 215,854 | ||||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | 0 | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | 0 | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
Project Vanilla Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 4,445 | ||||||
Total liabilities | [2] | 132 | ||||||
Share capital | [2] | 5,000 | ||||||
Equity | [2] | 4,313 | ||||||
Share of net asset amount | [2] | 2,151 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2] | 2,151 | ||||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (611) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (611) | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
December & Company Inc. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 68,173 | ||||||
Total liabilities | [2] | 3,305 | ||||||
Share capital | [2] | 35,441 | ||||||
Equity | [2] | 64,868 | ||||||
Share of net asset amount | [2],[3] | 24,402 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2],[3] | 24,402 | ||||||
Operating income | [2] | 756 | ||||||
Profit (Loss) | [2] | (2,469) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (2,469) | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
2020 KB Fintech Renaissance Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 10,841 | ||||||
Total liabilities | [2] | 5 | ||||||
Share capital | [2] | 10,900 | ||||||
Equity | [2] | 10,836 | ||||||
Share of net asset amount | [2],[3] | 547 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2],[3] | 547 | ||||||
Operating income | [2] | 1 | ||||||
Profit (Loss) | [2] | (64) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (64) | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
KB Material and Parts No.1 PEF | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 23,296 | ||||||
Total liabilities | [2] | 0 | ||||||
Share capital | [2] | 23,500 | ||||||
Equity | [2] | 23,296 | ||||||
Share of net asset amount | [2],[3] | 3,371 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2],[3] | 3,371 | ||||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (204) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (204) | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
FineKB Private Equity Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | |||||||
Total assets | [2] | ₩ 0 | ||||||
Total liabilities | [2] | 77 | ||||||
Share capital | [2] | 0 | ||||||
Equity | [2] | (77) | ||||||
Share of net asset amount | [2] | 0 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1],[2] | 0 | ||||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (77) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (77) | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
[1] | Gains on disposal of investments in associates and joint ventures amount to KRW 1,423 million KRW 24,768 million for the years ended December 31, 2019 and 2020, respectively. | |||||||
[2] | The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. | |||||||
[3] | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | |||||||
[4] | The investment was reclassified to subsidiaries from associates for the year ended December 31, 2020 due to additional share purchase. | |||||||
[5] | The ownership of Paycoms Co., Ltd. would be 22.96% and 22.96% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | |||||||
[6] | The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | |||||||
[7] | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. |
Investments in Associates and_5
Investments in Associates and Joint Ventures_Changes In Investments In Associates And Joint Ventures(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | |||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Beginning | [1] | ₩ 598,240 | ₩ 504,932 | |||||
Acquisition and others | [1] | 515,742 | 92,200 | |||||
Disposal and others | [1] | (251,575) | (8,475) | |||||
Dividends | [1] | (18,669) | (16,287) | |||||
Gains(losses) on equity-method accounting | [1] | (68,518) | 17,594 | |||||
Other comprehensive income | [1] | (3,785) | 10,842 | |||||
Impairment loss | [1] | (2,566) | ||||||
Ending | ₩ 771,435 | [1] | $ 710,274 | 598,240 | [1] | ₩ 504,932 | [1] | |
Gain on disposal of investments in associates and joint ventures | ₩ 1,423 | |||||||
Description Of Other Changes In Investments In Associates | Gain on disposal of investments in associates and joint ventures for the year ended December 31, 2019 is KRW 1,423 million. | |||||||
KB Pre IPO Secondary Venture Fund No.1 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 1,705 | [2],[3] | ₩ 1,649 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | (586) | (317) | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 160 | 373 | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 1,279 | [2],[3] | ₩ 1,705 | [2],[3] | ₩ 1,649 | ||
KB GwS Private Securities Investment Trust | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 136,168 | [3] | ₩ 134,362 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | (9,525) | (9,297) | |||||
Gains(losses) on equity-method accounting | [1] | 14,716 | 11,103 | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 141,359 | [3] | ₩ 136,168 | [3] | ₩ 134,362 | ||
KB Star Office Private Real Estate Investment Trust No.1 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 19,839 | [3] | ₩ 19,839 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 227 | 0 | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 20,066 | [3] | ₩ 19,839 | [3] | ₩ 19,839 | ||
PT Bank Bukopin TBK | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1],[4] | ₩ 121,381 | [3] | ₩ 113,932 | ||||
Acquisition and others | [1],[4] | 43,909 | 0 | |||||
Disposal and others | [1],[4] | (54,069) | 0 | |||||
Dividends | [1],[3],[4] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1],[4] | (107,258) | (1,236) | |||||
Other comprehensive income | [1],[4] | (3,963) | 10,408 | |||||
Impairment loss | [1],[4] | (1,723) | ||||||
Ending | [1],[4] | ₩ 0 | [3] | ₩ 121,381 | [3] | ₩ 113,932 | ||
Balhae Infrastructure Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 101,391 | [2],[3] | ₩ 108,050 | ||||
Acquisition and others | [1] | 893 | 592 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | (6,973) | (6,855) | |||||
Gains(losses) on equity-method accounting | [1] | 11,313 | (396) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 106,624 | [2],[3] | ₩ 101,391 | [2],[3] | ₩ 108,050 | ||
Aju Good Technology Venture Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 23,016 | [3] | ₩ 18,134 | ||||
Acquisition and others | [1] | 0 | 1,960 | |||||
Disposal and others | [1] | (2,885) | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 1,217 | 2,922 | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 21,348 | [3] | ₩ 23,016 | [3] | ₩ 18,134 | ||
SY Auto Capital Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 12,725 | [3] | ₩ 10,672 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 3,422 | 2,158 | |||||
Other comprehensive income | [1] | (3) | (105) | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 16,144 | [3] | ₩ 12,725 | [3] | ₩ 10,672 | ||
Big Dipper Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 125 | [3] | ₩ 280 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (125) | (155) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | 0 | [3] | ₩ 125 | [3] | ₩ 280 | ||
APRO Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Beginning | [1] | ₩ 2,790 | [2],[3] | ₩ 1,403 | ||||
Acquisition and others | [1] | 0 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | 1,386 | ||||||
Other comprehensive income | [1] | 1 | ||||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 2,790 | [2],[3] | ₩ 1,403 | ||||
Paycoms Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 45 | [3],[5] | ₩ 103 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 153 | (58) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 198 | [3],[5] | ₩ 45 | [3],[5] | ₩ 103 | ||
Food Factory Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 1,000 | [3],[6] | ₩ 928 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 247 | 72 | |||||
Other comprehensive income | [1] | 34 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 1,281 | [3],[6] | ₩ 1,000 | [3],[6] | ₩ 928 | ||
KB Private Equity Fund No.3 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 7,754 | [2],[3] | ₩ 7,830 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | (8,000) | 0 | |||||
Dividends | [1],[3] | (2,082) | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 2,422 | (76) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 94 | [2],[3] | ₩ 7,754 | [2],[3] | ₩ 7,830 | ||
Korea Credit Bureau Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 5,991 | [2],[3] | ₩ 5,941 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | (89) | (135) | |||||
Gains(losses) on equity-method accounting | [1] | 1,251 | 185 | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 7,153 | [2],[3] | ₩ 5,991 | [2],[3] | ₩ 5,941 | ||
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 13,616 | [3] | ₩ 14,601 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | (3,231) | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (540) | (985) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 9,845 | [3] | ₩ 13,616 | [3] | ₩ 14,601 | ||
Keystone-Hyundai Securities No. 1 Private Equity Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 1,625 | [2],[3] | ₩ 1,581 | ||||
Acquisition and others | [1] | 0 | 66 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (69) | (26) | |||||
Other comprehensive income | [1] | 0 | 4 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 1,556 | [2],[3] | ₩ 1,625 | [2],[3] | ₩ 1,581 | ||
POSCO-KB Shipbuilding Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 6,847 | [3] | ₩ 4,463 | ||||
Acquisition and others | [1] | 5,000 | 2,500 | |||||
Disposal and others | [1] | (2,125) | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 3,173 | (116) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | 12,895 | [3] | ₩ 6,847 | [3] | ₩ 4,463 | ||
GH Real Estate I LP | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Beginning | [1] | ₩ 19,042 | [3] | ₩ 17,252 | ||||
Acquisition and others | [1] | 0 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | 1,553 | ||||||
Other comprehensive income | [1] | 237 | ||||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 19,042 | [3] | ₩ 17,252 | ||||
UNION Media Commerce Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 961 | [3] | ₩ 962 | ||||
Acquisition and others | [1] | 0 | 0 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (1) | (1) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Others | [1] | 0 | ||||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 960 | [3] | ₩ 961 | [3] | ₩ 962 | ||
KBSP Private Equity Fund No.4 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Beginning | [1],[2],[3] | ₩ 5,904 | ||||||
Acquisition and others | [1] | 0 | ₩ 6,100 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 46 | (196) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1],[2],[3] | ₩ 5,950 | ₩ 5,904 | |||||
KB Social Impact Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Beginning | [1],[3] | ₩ 1,465 | ||||||
Acquisition and others | [1] | 1,500 | ₩ 1,500 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (91) | (35) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1],[3] | ₩ 2,874 | ₩ 1,465 | |||||
KB-Solidus Global Healthcare Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Beginning | [1],[3] | ₩ 45,718 | ||||||
Acquisition and others | [1] | 10,920 | ₩ 42,697 | |||||
Disposal and others | [1] | (4,940) | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (5,485) | 3,021 | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1],[3] | ₩ 46,213 | ₩ 45,718 | |||||
KB-Stonebridge Secondary Private Equity Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Beginning | [1],[2],[3] | ₩ 4,944 | ||||||
Acquisition and others | [1] | 9,093 | ₩ 7,070 | |||||
Disposal and others | [1] | 0 | (1,855) | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 2,599 | (271) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1],[2],[3] | ₩ 16,636 | ₩ 4,944 | |||||
KB SPROTT Renewable Private Equity Fund No.1 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Beginning | [1],[3] | ₩ 1,295 | ||||||
Acquisition and others | [1] | 4,128 | ₩ 1,667 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (374) | (372) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1],[3] | ₩ 5,049 | ₩ 1,295 | |||||
KB-UTC Inno-Tech Venture Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Beginning | [1],[3] | ₩ 417 | ||||||
Acquisition and others | [1] | 16,966 | ₩ 450 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (384) | (33) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1],[3] | ₩ 16,999 | ₩ 417 | |||||
KB-KDBC Pre-IPO New Technology Business Investment Fund [Member] | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | Joint ventures | ||||
Beginning | [1] | ₩ 18,988 | [3],[7] | ₩ 14,594 | ||||
Acquisition and others | [1] | 0 | 5,000 | |||||
Disposal and others | [1] | (6,399) | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 3,453 | (606) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 16,042 | [3],[7] | ₩ 18,988 | [3],[7] | ₩ 14,594 | ||
KB-TS Technology Venture Private Equity Fund [Member] | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | Joint ventures | ||||
Beginning | [1] | ₩ 19,731 | [3],[7] | ₩ 13,777 | ||||
Acquisition and others | [1] | 2,240 | 7,440 | |||||
Disposal and others | [1] | (5,488) | (1,840) | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 1,232 | 269 | |||||
Other comprehensive income | [1] | (85) | 85 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 17,630 | [3],[7] | ₩ 19,731 | [3],[7] | ₩ 13,777 | ||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund [Member] | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Joint ventures | Joint ventures | Joint ventures | Joint ventures | ||||
Beginning | [1] | ₩ 19,752 | [3],[7] | ₩ 7,930 | ||||
Acquisition and others | [1] | 8,000 | 13,250 | |||||
Disposal and others | [1] | (3,200) | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | 2,211 | (1,428) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 26,763 | [7] | ₩ 19,752 | [3],[7] | ₩ 7,930 | ||
KB-SJ Tourism Venture Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | Associates | ||||
Beginning | [1] | ₩ 2,761 | [2],[3] | ₩ 1,386 | ||||
Acquisition and others | [1] | 1,500 | 1,500 | |||||
Disposal and others | [1] | 0 | 0 | |||||
Dividends | [1],[3] | 0 | 0 | |||||
Gains(losses) on equity-method accounting | [1] | (128) | (125) | |||||
Other comprehensive income | [1] | 0 | 0 | |||||
Impairment loss | [1] | 0 | ||||||
Ending | [1] | ₩ 4,133 | [2],[3] | ₩ 2,761 | [2],[3] | ₩ 1,386 | ||
Incheon Bridge Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | Associates | |||||
Acquisition and others | [1] | ₩ 0 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[2],[3] | ₩ 0 | ||||||
WJ Private Equity Fund No.1 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 10,000 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | (289) | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[3] | ₩ 9,711 | ||||||
All Together Korea Fund No.2 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 100,000 | ||||||
Disposal and others | [1] | (90,000) | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | 150 | ||||||
Other comprehensive income | [1] | (127) | ||||||
Ending | [1],[3] | ₩ 10,023 | ||||||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 5,700 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | (89) | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[2],[3] | ₩ 5,611 | ||||||
JR GLOBAL REIT | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 219,493 | ||||||
Disposal and others | [1] | (3,639) | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[3] | ₩ 215,854 | ||||||
Project Vanilla Co., Ltd. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 2,450 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | (299) | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[3] | ₩ 2,151 | ||||||
December & Company Inc. | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 30,000 | ||||||
Disposal and others | [1] | (5,151) | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | (447) | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[2],[3] | ₩ 24,402 | ||||||
2020 KB Fintech Renaissance Fund | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 550 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | (3) | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[2],[3] | ₩ 547 | ||||||
KB Material and Parts No.1 PEF | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 3,400 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | (29) | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[2],[3] | ₩ 3,371 | ||||||
FineKB Private Equity Fund No.1 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Description of nature of related party relationship | Associates | Associates | ||||||
Acquisition and others | [1] | ₩ 0 | ||||||
Disposal and others | [1] | 0 | ||||||
Dividends | [1],[3] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||||
Other comprehensive income | [1] | 0 | ||||||
Ending | [1],[3] | 0 | ||||||
Others | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Beginning | [1] | 1,244 | ₩ 5,263 | |||||
Acquisition and others | [1] | 408 | ||||||
Disposal and others | [1] | (4,463) | ||||||
Dividends | [1] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | 667 | ||||||
Other comprehensive income | [1] | 212 | ||||||
Impairment loss | [1] | (843) | ||||||
Ending | [1] | 1,244 | ₩ 5,263 | |||||
Others 2020 | ||||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||||
Beginning | [1] | 23,076 | ||||||
Acquisition and others | [1] | 40,000 | ||||||
Disposal and others | [1] | (61,862) | ||||||
Dividends | [1] | 0 | ||||||
Gains(losses) on equity-method accounting | [1] | (899) | ||||||
Other comprehensive income | [1] | 359 | ||||||
Ending | [1] | ₩ 674 | ₩ 23,076 | |||||
[1] | Gains on disposal of investments in associates and joint ventures amount to KRW 1,423 million KRW 24,768 million for the years ended December 31, 2019 and 2020, respectively. | |||||||
[2] | As of December 31, 2019 and 2020, the Group can exercise significant influence on the decision-making processes of the associate's financial and business policies through participation in governing bodies. | |||||||
[3] | The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments made by the Group, such as fair value adjustments made at the time of acquisition and adjustments for differences in accounting policies. | |||||||
[4] | The investment was reclassified to subsidiaries from associates for the year ended December 31, 2020 due to additional share purchase. | |||||||
[5] | The ownership of Paycoms Co., Ltd. would be 22.96% and 22.96% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | |||||||
[6] | The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2019 and 2020, respectively, considering the potential voting rights from convertible bond. | |||||||
[7] | In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself. |
Investments in Associates and_6
Investments in Associates and Joint Ventures_Accumulated Unrecognized Share Of Losses In Investments In Associates(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Total Of Unrecognised Share Of Losses Of Associates | ₩ 3,839 | ₩ (1,741) |
Accumulated unrecognized loss | 20,040 | 16,201 |
Doosung Metal Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 46 |
Accumulated unrecognized loss | 65 | 65 |
Incheon Bridge Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 3,354 | |
Unrecognized loss | (1,944) | |
Accumulated unrecognized loss | 18,100 | 14,746 |
Jungdong Steel Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 489 | 489 |
Dpaps Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 19 | 14 |
Accumulated unrecognized loss | 358 | 339 |
Shinla Construction Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 183 | 183 |
Jaeyang Industry Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 30 | 30 |
Terra Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 14 | 14 |
Jungdo Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 151 | 0 |
Accumulated unrecognized loss | 312 | 161 |
Jinseung Tech Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 18 |
Accumulated unrecognized loss | 21 | 21 |
Korea NM Tech Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 28 | 28 |
CHONG IL MACHINE & TOOLS Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 19 |
Accumulated unrecognized loss | 19 | 19 |
SKYDIGITAL INC. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 106 |
Accumulated unrecognized loss | 106 | 106 |
IMT TECHNOLOGY Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 3 | 0 |
Accumulated unrecognized loss | 3 | 0 |
Jo Yang Industrial Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 96 | 0 |
Accumulated unrecognized loss | 96 | 0 |
IDTECK CO., LTD | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 216 | 0 |
Accumulated unrecognized loss | ₩ 216 | ₩ 0 |
Property and Equipment and In_2
Property and Equipment and Investment Properties_Property And Equipment(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | ||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | ₩ 5,067,377 | $ 5,002,766 | ₩ 4,842,991 | |
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 5,067,377 | 4,842,991 | ||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Acquisition | 881,262 | 988,674 | ||
Transfers | [1] | (178,329) | (12,898) | |
Disposal | (212,960) | (168,769) | ||
Depreciation | [2] | (629,116) | (598,921) | |
Business combination | 497,043 | 0 | ||
Others | 8,277 | 16,300 | ||
Ending(PPE) | 5,433,554 | $ 5,002,766 | 5,067,377 | |
Depreciation Recognised In Profit Or Loss | 123 | 111 | ||
Acquisition cost | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 9,327,847 | 8,371,641 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 8,371,641 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 9,327,847 | 8,371,641 | ||
Accumulated amortization | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (3,887,416) | (3,296,209) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (3,296,209) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (3,887,416) | (3,296,209) | ||
Accumulated Impairment losses [Member] | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (6,877) | (8,055) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (8,055) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (6,877) | (8,055) | ||
Reconciliation Of Changes In Accumulated Impairment Losses Of Property And Equipment [Abstract] | ||||
Beginning(Accumulated impairment losses of PPE) | (8,055) | (6,877) | ||
Changes In Accumulated Impairment Of Property Plant And Equipment Abstract [Abstract] | ||||
Impairment | (12) | (1,178) | ||
Reversal | 0 | 0 | ||
Business combination | 0 | 0 | ||
Disposal and Others | 1,190 | 0 | ||
Ending(Accumaulated impairment losses of PPE) | (6,877) | (8,055) | ||
Accumulated impairment losses on property and equipment excluding Right-of use assets | ||||
Reconciliation Of Changes In Accumulated Impairment Losses Of Property And Equipment [Abstract] | ||||
Beginning(Accumulated impairment losses of PPE) | (6,877) | (6,877) | ||
Changes In Accumulated Impairment Of Property Plant And Equipment Abstract [Abstract] | ||||
Impairment | (12) | 0 | ||
Reversal | 0 | 0 | ||
Business combination | 0 | 0 | ||
Disposal and Others | 12 | 0 | ||
Ending(Accumaulated impairment losses of PPE) | (6,877) | (6,877) | ||
Accumulated Impairment losses On Right Of Use Assets In Property And Equipment | ||||
Reconciliation Of Changes In Accumulated Impairment Losses Of Property And Equipment [Abstract] | ||||
Beginning(Accumulated impairment losses of PPE) | (1,178) | 0 | ||
Changes In Accumulated Impairment Of Property Plant And Equipment Abstract [Abstract] | ||||
Impairment | 0 | (1,178) | ||
Reversal | 0 | 0 | ||
Business combination | 0 | 0 | ||
Disposal and Others | 1,178 | 0 | ||
Ending(Accumaulated impairment losses of PPE) | 0 | (1,178) | ||
Land | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 2,610,586 | 2,430,794 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 2,430,794 | 2,432,041 | ||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Acquisition | 6,475 | 7,334 | ||
Transfers | [1] | (116,264) | (3,957) | |
Disposal | (2,578) | (4,907) | ||
Depreciation | [2] | 0 | 0 | |
Business combination | 295,421 | 0 | ||
Others | (3,262) | 283 | ||
Ending(PPE) | 2,610,586 | 2,430,794 | ||
Land | Acquisition cost | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 2,611,604 | 2,431,812 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 2,431,812 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 2,611,604 | 2,431,812 | ||
Land | Accumulated amortization | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 0 | 0 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 0 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 0 | 0 | ||
Land | Accumulated Impairment losses [Member] | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (1,018) | (1,018) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (1,018) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (1,018) | (1,018) | ||
Buildings | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 1,771,582 | 1,502,923 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 1,502,923 | 1,330,211 | ||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Acquisition | 43,592 | 10,908 | ||
Transfers | [1] | 190,917 | 220,535 | |
Disposal | (4,442) | (9,964) | ||
Depreciation | [2] | (61,339) | (55,669) | |
Business combination | 100,984 | 0 | ||
Others | (1,053) | 6,902 | ||
Ending(PPE) | 1,771,582 | 1,502,923 | ||
Buildings | Acquisition cost | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 2,607,957 | 2,265,929 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 2,265,929 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 2,607,957 | 2,265,929 | ||
Buildings | Accumulated amortization | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (830,516) | (757,147) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (757,147) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (830,516) | (757,147) | ||
Buildings | Accumulated Impairment losses [Member] | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (5,859) | (5,859) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (5,859) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (5,859) | (5,859) | ||
Leasehold improvements | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 95,827 | 116,124 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 116,124 | 122,309 | ||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Acquisition | 13,348 | 13,398 | ||
Transfers | [1] | 34,596 | 58,645 | |
Disposal | (574) | (338) | ||
Depreciation | [2] | (73,394) | (77,948) | |
Business combination | 5,087 | 0 | ||
Others | 640 | 58 | ||
Ending(PPE) | 95,827 | 116,124 | ||
Leasehold improvements | Acquisition cost | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 929,120 | 865,531 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 865,531 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 929,120 | 865,531 | ||
Leasehold improvements | Accumulated amortization | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (833,293) | (749,407) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (749,407) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (833,293) | (749,407) | ||
Leasehold improvements | Accumulated Impairment losses [Member] | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 0 | 0 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 0 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 0 | 0 | ||
Equipment and vehicles | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 340,658 | 380,353 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 380,353 | 280,624 | ||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Acquisition | 161,515 | 283,896 | ||
Transfers | [1] | 3,705 | (4) | |
Disposal | (1,990) | (526) | ||
Depreciation | [2] | (221,697) | (183,900) | |
Business combination | 19,873 | 0 | ||
Others | (1,101) | 263 | ||
Ending(PPE) | 340,658 | 380,353 | ||
Equipment and vehicles | Acquisition cost | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 2,040,100 | 1,867,739 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 1,867,739 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 2,040,100 | 1,867,739 | ||
Equipment and vehicles | Accumulated amortization | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (1,699,442) | (1,487,386) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (1,487,386) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (1,699,442) | (1,487,386) | ||
Equipment and vehicles | Accumulated Impairment losses [Member] | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 0 | 0 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 0 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 0 | 0 | ||
Construction in progress | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 44,190 | 86,303 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 86,303 | 88,618 | ||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Acquisition | 229,927 | 293,204 | ||
Transfers | [1] | (291,336) | (288,136) | |
Disposal | 0 | 0 | ||
Depreciation | [2] | 0 | 0 | |
Business combination | 20,022 | 0 | ||
Others | (726) | (7,383) | ||
Ending(PPE) | 44,190 | 86,303 | ||
Construction in progress | Acquisition cost | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 44,190 | 86,303 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 86,303 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 44,190 | 86,303 | ||
Construction in progress | Accumulated amortization | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 0 | 0 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 0 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 0 | 0 | ||
Construction in progress | Accumulated Impairment losses [Member] | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 0 | 0 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 0 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 0 | 0 | ||
Right-of-use assets In Property and Equipment | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 570,711 | 550,880 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 550,880 | 589,188 | ||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Acquisition | 426,405 | 379,934 | ||
Transfers | [1] | 53 | 19 | |
Disposal | (203,376) | (153,034) | ||
Depreciation | [2] | (272,686) | (281,404) | |
Business combination | 55,656 | 0 | ||
Others | 13,779 | 16,177 | ||
Ending(PPE) | 570,711 | 550,880 | ||
Right-of-use assets In Property and Equipment | Acquisition cost | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 1,094,876 | 854,327 | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | 854,327 | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | 1,094,876 | 854,327 | ||
Right-of-use assets In Property and Equipment | Accumulated amortization | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | (524,165) | (302,269) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (302,269) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | (524,165) | (302,269) | ||
Right-of-use assets In Property and Equipment | Accumulated Impairment losses [Member] | ||||
Disclosure Of Property Plant And Equipment Line Items [Line Items] | ||||
Carrying amount | 0 | (1,178) | ||
Reconciliation Of Changes In Property And Equipment [Abstract] | ||||
Beginning(PPE) | (1,178) | |||
Changes In Property Plant And Equipment Abstract [Abstract] | ||||
Ending(PPE) | ₩ 0 | ₩ (1,178) | ||
[1] | Includes transfers with investment properties and assets held for sale. | |||
[2] | Includes depreciation expenses amounting to KRW 111 million and KRW 123 million recorded as other operating expenses for the years ended December 31, 2019 and 2020, respectively. |
Property and Equipment and In_3
Property and Equipment and Investment Properties_Investment Property(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | |
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | ₩ 2,533,539 | $ 2,332,673 | ₩ 2,827,988 | ₩ 2,533,539 | ₩ 2,827,988 |
Fair value | 2,712,653 | 3,032,726 | |||
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 2,827,988 | 2,119,811 | |||
Changes In Investment Property Abstract [Abstract] | |||||
Acquisition | 53,196 | 806,088 | |||
Transfers | 99,077 | (12,235) | |||
Disposal | (545,347) | (64,098) | |||
Depreciation | (38,717) | (36,877) | |||
Business combination | 149,113 | ||||
Others | (11,771) | 15,299 | |||
Ending | 2,533,539 | $ 2,332,673 | 2,827,988 | ||
Acquisition cost | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | 2,661,245 | 3,000,976 | 2,661,245 | 3,000,976 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 3,000,976 | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | 2,661,245 | 3,000,976 | |||
Accumulated amortization | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | (122,833) | (172,988) | (122,833) | (172,988) | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | (172,988) | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | (122,833) | (172,988) | |||
Accumulated Impairment losses [Member] | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | (4,873) | 0 | (4,873) | 0 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 0 | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | (4,873) | 0 | |||
Land | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | 1,568,098 | 1,537,240 | 1,568,098 | 1,537,240 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 1,537,240 | 972,562 | |||
Changes In Investment Property Abstract [Abstract] | |||||
Acquisition | 34,529 | 580,255 | |||
Transfers | 61,383 | (3,374) | |||
Disposal | (167,015) | (13,318) | |||
Depreciation | 0 | 0 | |||
Business combination | 106,944 | ||||
Others | (4,983) | 1,115 | |||
Ending | 1,568,098 | 1,537,240 | |||
Land | Acquisition cost | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | 1,568,508 | 1,537,240 | 1,568,508 | 1,537,240 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 1,537,240 | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | 1,568,508 | 1,537,240 | |||
Land | Accumulated amortization | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | 0 | 0 | 0 | 0 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 0 | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | 0 | 0 | |||
Land | Accumulated Impairment losses [Member] | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | (410) | 0 | (410) | 0 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 0 | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | (410) | 0 | |||
Buildings | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | 965,441 | 1,290,748 | 965,441 | 1,290,748 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 1,290,748 | 1,147,249 | |||
Changes In Investment Property Abstract [Abstract] | |||||
Acquisition | 18,667 | 225,833 | |||
Transfers | 37,694 | (8,861) | |||
Disposal | (378,332) | (50,780) | |||
Depreciation | (38,717) | (36,877) | |||
Business combination | 42,169 | ||||
Others | (6,788) | 14,184 | |||
Ending | 965,441 | 1,290,748 | |||
Buildings | Acquisition cost | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | 1,092,737 | 1,463,736 | 1,092,737 | 1,463,736 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 1,463,736 | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | 1,092,737 | 1,463,736 | |||
Buildings | Accumulated amortization | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | (122,833) | (172,988) | (122,833) | (172,988) | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | (172,988) | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | (122,833) | (172,988) | |||
Buildings | Accumulated Impairment losses [Member] | |||||
Disclosure Of Investment Property Line Items [Line Items] | |||||
Carrying amount | (4,463) | 0 | ₩ (4,463) | ₩ 0 | |
Reconciliation Of Changes In Investment Property Abstract [Abstract] | |||||
Beginning | 0 | ||||
Changes In Investment Property Abstract [Abstract] | |||||
Ending | ₩ (4,463) | ₩ 0 |
Property and Equipment and In_4
Property and Equipment and Investment Properties_Valuation Technique And Input Variables That Are Used To Measure The Fair Value Of Investment Property(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 2,712,653 | ₩ 3,032,726 |
Land and buildings | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 2,712,653 | ₩ 3,032,726 |
Description Of Extent To Which Fair Value Of Investment Property Is Based On Valuation By Independent Valuer | The investment properties were measured by qualified independent appraisers with experience in valuing similar properties in the same area. | |
Description Of Investment Property Of Level Of Fair Value Hierarchy Within Which Fair Value Measurement Is Categorised | In addition, per fair value hierarchy on Note 6.1.2, the fair value hierarchy of all investment properties has been classified as Level 3. | |
Land and buildings | Cost Approach Method | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 92,128 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Price per square meter - Replacement cost | |
Land and buildings | Market comparision Method | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 1,141,121 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Price per square meter | |
Land and buildings | Cash flow approach | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 1,248,604 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Prospective rental market growth rate - Period of vacancy - Rental rate - Discount rate and others | |
Land and buildings | Income approach | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assets Line Items [Line Items] | ||
Fair value | ₩ 230,800 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Discount rate - Capitalization rate - Vacancy rate |
Property and Equipment and In_5
Property and Equipment and Investment Properties_Rental income from the above investment properties(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Rental Income From Investment Property Net Of Direct Operating Expense Abstract [Abstract] | ||
Rental income from the investment properties | ₩ 157,652 | ₩ 129,944 |
Intangible Assets_Intangible As
Intangible Assets_Intangible Assets(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | ||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | ₩ 3,351,133 | $ 3,085,445 | ₩ 2,737,813 | |
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 2,737,813 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 3,351,133 | $ 3,085,445 | 2,737,813 | |
Insurance expenses and other operating expenses and others in the statements of comprehensive income | 173,992 | 193,085 | ||
Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 5,815,262 | 4,766,685 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 4,766,685 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 5,815,262 | 4,766,685 | ||
Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (2,304,188) | (1,926,647) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (1,926,647) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (2,304,188) | (1,926,647) | ||
Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (106,781) | (102,169) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (102,169) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (106,781) | (102,169) | ||
Others | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (53,160) | (56) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (56) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (53,160) | (56) | ||
Goodwill | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 763,582 | 275,741 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 275,741 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 763,582 | 275,741 | ||
Reconciliation Of Changes In Accumulated Impairment Losses Of Intangible Assets Intangible Assets And Goodwill Abstract [Abstract] | ||||
Beginning(Accumulated impairment losses of Intangible assets and goodwill) | (70,517) | (70,517) | ||
Changes In Accumulated Impairment Intangible Assets And Goodwill Abstract [Abstract] | ||||
Impairment | 0 | 0 | ||
Others | 0 | 0 | ||
Ending(Accumulated impairment losses of Intangible assets and goodwill) | (70,517) | (70,517) | ||
Goodwill | Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 887,259 | 346,314 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 346,314 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 887,259 | 346,314 | ||
Goodwill | Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 0 | 0 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 0 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 0 | 0 | ||
Goodwill | Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (70,517) | (70,517) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (70,517) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (70,517) | (70,517) | ||
Goodwill | Others | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (53,160) | (56) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (56) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (53,160) | (56) | ||
Other intangible assets | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 2,587,551 | 2,462,072 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 2,462,072 | 2,480,621 | ||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Acquisition&Transfer | 403,904 | 335,543 | ||
Disposal | (14,118) | (14,694) | ||
Amortization | [1] | (381,192) | (341,829) | |
Business combination | 124,697 | |||
Others | (7,812) | 2,431 | ||
Ending | 2,587,551 | 2,462,072 | ||
Reconciliation Of Changes In Accumulated Impairment Losses Of Intangible Assets Intangible Assets And Goodwill Abstract [Abstract] | ||||
Beginning(Accumulated impairment losses of Intangible assets and goodwill) | (31,652) | (45,017) | ||
Changes In Accumulated Impairment Intangible Assets And Goodwill Abstract [Abstract] | ||||
Impairment | (9,312) | (1,578) | ||
Reversal | 3,669 | 6,859 | ||
Disposal and others | 1,031 | 8,084 | ||
Ending(Accumulated impairment losses of Intangible assets and goodwill) | (36,264) | (31,652) | ||
Other intangible assets | Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 4,928,003 | 4,420,371 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 4,420,371 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 4,928,003 | 4,420,371 | ||
Other intangible assets | Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (2,304,188) | (1,926,647) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (1,926,647) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (2,304,188) | (1,926,647) | ||
Other intangible assets | Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (36,264) | (31,652) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (31,652) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (36,264) | (31,652) | ||
Other intangible assets | Others | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 0 | 0 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 0 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 0 | |||
Industrial property rights | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 2,346 | 2,853 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 2,853 | 4,497 | ||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Acquisition&Transfer | 116 | 174 | ||
Disposal | (147) | (1,160) | ||
Amortization | [1] | (476) | (658) | |
Business combination | 0 | |||
Others | 0 | 0 | ||
Ending | 2,346 | 2,853 | ||
Industrial property rights | Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 6,222 | 5,802 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 5,802 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 6,222 | 5,802 | ||
Industrial property rights | Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (2,936) | (2,930) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (2,930) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (2,936) | (2,930) | ||
Industrial property rights | Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (940) | (19) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (19) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (940) | (19) | ||
Software | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 573,187 | 373,519 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 373,519 | 204,505 | ||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Acquisition&Transfer | 340,045 | 274,583 | ||
Disposal | (4,444) | 0 | ||
Amortization | [1] | (153,876) | (105,228) | |
Business combination | 18,252 | |||
Others | (309) | (341) | ||
Ending | 573,187 | 373,519 | ||
Software | Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 1,800,686 | 1,428,655 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 1,428,655 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 1,800,686 | 1,428,655 | ||
Software | Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (1,225,173) | (1,055,136) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (1,055,136) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (1,225,173) | (1,055,136) | ||
Software | Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (2,326) | 0 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 0 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (2,326) | 0 | ||
Other intangible assets | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | [2] | 371,774 | 266,517 | |
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | [2] | 266,517 | 248,611 | |
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Acquisition&Transfer | [2] | 63,743 | 59,776 | |
Disposal | [2] | (9,527) | (13,534) | |
Amortization | [1],[2] | (47,948) | (33,590) | |
Business combination | [2] | 106,445 | ||
Others | [2] | (7,456) | 5,254 | |
Ending | [2] | 371,774 | 266,517 | |
Other intangible assets | Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 690,665 | 555,424 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 555,424 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 690,665 | 555,424 | ||
Other intangible assets | Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (285,893) | (257,274) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (257,274) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (285,893) | (257,274) | ||
Other intangible assets | Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (32,998) | (31,633) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (31,633) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (32,998) | (31,633) | ||
Value of Business Acquired (VOBA) | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 1,635,619 | 1,809,485 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 1,809,485 | 2,001,945 | ||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Acquisition&Transfer | 0 | 0 | ||
Disposal | 0 | 0 | ||
Amortization | [1] | (173,866) | (192,460) | |
Business combination | 0 | |||
Others | 0 | 0 | ||
Ending | 1,635,619 | 1,809,485 | ||
Value of Business Acquired (VOBA) | Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 2,395,291 | 2,395,290 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 2,395,290 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 2,395,291 | 2,395,290 | ||
Value of Business Acquired (VOBA) | Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (759,672) | (585,805) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (585,805) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (759,672) | (585,805) | ||
Value of Business Acquired (VOBA) | Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 0 | 0 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 0 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 0 | 0 | ||
Right-of-use intangible assets | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 4,625 | 9,698 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 9,698 | 21,063 | ||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Acquisition&Transfer | 0 | 1,010 | ||
Disposal | 0 | 0 | ||
Amortization | [1] | (5,026) | (9,893) | |
Business combination | 0 | |||
Others | (47) | (2,482) | ||
Ending | 4,625 | 9,698 | ||
Right-of-use intangible assets | Acquisition cost | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 35,139 | 35,200 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 35,200 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | 35,139 | 35,200 | ||
Right-of-use intangible assets | Accumulated amortization | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | (30,514) | (25,502) | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | (25,502) | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | (30,514) | (25,502) | ||
Right-of-use intangible assets | Accumulated Impairment losses [Member] | ||||
Disclosure Of Intangible Assets Line Items [Line Items] | ||||
Carrying Amount | 0 | 0 | ||
Reconciliation of changes in intangible assets and goodwill [abstract] | ||||
Beginning | 0 | |||
Changes In Intangible Assets Other Than Goodwill Abstract [Abstract] | ||||
Ending | ₩ 0 | ₩ 0 | ||
[1] | Includes KRW 193,085 million and KRW 173,992 million recorded as insurance expenses and other operating expenses for the years ended December 31, 2019 and 2020, respectively. | |||
[2] | Impairment losses for membership right of other intangible asset with indefinite useful life was recognized when its recoverable amount is lower than its carrying amount, and reversal of impairment losses was recognized when its recoverable amount is higher than its carrying amount. |
Intangible Assets_Goodwill(Deta
Intangible Assets_Goodwill(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Goodwill Line Items [Line Items] | |||
Acquisition cost | ₩ 887,259 | ₩ 346,314 | |
Carrying amount | [1] | 763,582 | 275,741 |
Housing&Commercial Bank | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 65,288 | 65,288 | |
Carrying amount | [1] | 65,288 | 65,288 |
KB Cambodia Bank | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 1,202 | 1,202 | |
Carrying amount | [1] | 0 | 0 |
KB Securities Co., Ltd. | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 70,265 | 70,265 | |
Carrying amount | [1] | 58,889 | 58,889 |
KB Capital Co.,Ltd. | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 79,609 | 79,609 | |
Carrying amount | [1] | 79,609 | 79,609 |
KB Savings Bank Co., Ltd. | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 115,343 | 115,343 | |
Carrying amount | [1] | 57,404 | 57,404 |
KB Securities Vietnam Joint Stock Company | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 13,092 | 13,092 | |
Carrying amount | [1] | 12,234 | 12,987 |
KB Daehan Specialized Bank PLC. | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 1,515 | 1,515 | |
Carrying amount | [1] | 1,470 | 1,564 |
PRASAC Microfinance Institution Plc. | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 396,942 | 0 | |
Carrying amount | [1] | 356,570 | 0 |
PT Sunindo Kookmin Best Finance | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 2,963 | 0 | |
Carrying amount | [1] | 2,963 | 0 |
PT Bank Bukopin TBK | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 89,220 | 0 | |
Carrying amount | [1] | 80,002 | 0 |
PT. KB Finansia Multi Finance | |||
Goodwill Line Items [Line Items] | |||
Acquisition cost | 51,820 | 0 | |
Carrying amount | [1] | ₩ 49,153 | ₩ 0 |
[1] | Includes the effect of exchange differences etc. |
Intangible Assets_Allocating Go
Intangible Assets_Allocating Goodwill To Cash_Generating Units And Related Information For Impairment Testing(Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2020KRW (₩) | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 683,580 |
Recoverable amount exceeded carrying amount | ₩ 3,592,780 |
Description of basis on which unit's recoverable amount has been determined | For impairment testing, goodwill is allocated to cash-generating units that are expected to benefit from the synergies of the business combination, and cash-generating units consist of an operating segment or units which are not larger than an operating segment. The Group recognized goodwill amounting to KRW 65,288 million from the merger of Housing & Commercial Bank, the amounts of KRW 49,315 million and KRW 15,973 million were allocated to the retail banking and corporate banking, respectively. And the goodwill of KRW 356,570 million arising from the acquisition of PRASAC Microfinance Institution Plc. was allocated to microfinance unit. Cash-generating units to which goodwill has been allocated is tested for impairment annually and whenever there is an indication that the unit may be impaired, by comparing the carrying amount of the unit, including the goodwill, with the recoverable amount of the unit. |
Explanation of period over which management has projected cash flows | The recoverable amount of a cash-generating unit is measured at the higher of its fair value less costs to sell and its value in use. |
Description of key assumptions on which management has based determination of fair value less costs of disposal | The projections of the future cash flows are based on the most recent financial budget approved by management and generally cover a period of five years. |
Description of valuation techniques used to measure fair value less costs of disposal | Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit. The projections of the future cash flows are based on the most recent financial budget approved by management and generally cover a period of five years. The future cash flows of retail banking and corporate banking after projection period are estimated on the assumption that the future cash flows will increase by 1.0% per year. The key assumptions used for the estimation of the future cash flows are estimated based on the market size and the Group's market share. The future cash flows PRASAC Microfinance Institution Plc. after five years are estimated on the assumption that the future cash flows will increase by 3.0% per year. The key assumptions used for the estimation of the future cash flows are the GDP growth rate of Cambodia, the market size and the recent growth rate of PRASAC Microfinance Institution Plc. The discount rate is a pre-tax rate that reflects assumptions regarding risk-free interest rate, market risk premium and the risks specific to the cash-generating unit. The Group acquired a 67% stake in PT Bank Bukopin TBK with the acquisition date of September 2, 2020, and the goodwill recognized due to the business combination is KRW 80,002 million as of December 31, 2020. The Group conducts an impairment test annually and whenever there is an indication of impairment, and no indication of impairment has been observed as of December 31, 2020. |
Retail Banking | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 49,315 |
Recoverable amount exceeded carrying amount | ₩ 1,595,304 |
Discount rate | 17.46% |
Permanent growth rate | 1.00% |
Corporate Banking | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 15,973 |
Recoverable amount exceeded carrying amount | ₩ 955,540 |
Discount rate | 17.63% |
Permanent growth rate | 1.00% |
KB Securities Co., Ltd. | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 58,889 |
Recoverable amount exceeded carrying amount | ₩ 11,340 |
Discount rate | 21.46% |
Permanent growth rate | 1.00% |
KB Capital Co.,Ltd. | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 79,609 |
Recoverable amount exceeded carrying amount | ₩ 424,933 |
Discount rate | 17.39% |
Permanent growth rate | 1.00% |
KB Savings Bank Co., Ltd. | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 57,404 |
Recoverable amount exceeded carrying amount | ₩ 443,778 |
Discount rate | 13.80% |
Permanent growth rate | 1.00% |
KB Securities Vietnam Joint Stock Company | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 12,234 |
Recoverable amount exceeded carrying amount | ₩ 10,262 |
Discount rate | 23.61% |
Permanent growth rate | 1.00% |
KB Daehan Specialized Bank PLC. | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 1,470 |
Recoverable amount exceeded carrying amount | ₩ 9,299 |
Discount rate | 25.77% |
Permanent growth rate | 1.00% |
PRASAC Microfinance Institution Plc. | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 356,570 |
Recoverable amount exceeded carrying amount | ₩ 111,425 |
Discount rate | 24.50% |
Permanent growth rate | 3.00% |
PT Sunindo Kookmin Best Finance | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 2,963 |
Recoverable amount exceeded carrying amount | ₩ 1,909 |
Discount rate | 15.47% |
Permanent growth rate | 0.00% |
PT. KB Finansia Multi Finance | |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Line Items [Line Items] | |
Carrying amounts of goodwill | ₩ 49,153 |
Recoverable amount exceeded carrying amount | ₩ 28,990 |
Discount rate | 16.19% |
Permanent growth rate | 3.00% |
Lease_The Amounts Recognized In
Lease_The Amounts Recognized In The Consolidated Statement Of Financial Position And Comprehensive Income(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Right-of-use assets | ₩ 575,337 | ₩ 560,578 | |
Lease liabilities | 559,113 | 544,439 | |
Interest expense on the lease liabilities | 13,492 | 12,720 | |
Expense relating to short-term lease | 6,169 | 2,209 | |
Expense relating to leases of low-value assets that are not short-term lease | 7,130 | 5,416 | |
Expense relating to variable lease payments not included in lease liabilities (included in administrative expenses) | 438 | 15 | |
Cash outflow for lease | 245,151 | 228,312 | |
The amounts recognized in the consolidated statement of financial position | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Right-of-use assets | 575,337 | 560,578 | |
Lease liabilities | [1] | ₩ 559,113 | ₩ 544,439 |
Description of line items in statement of financial position which include right of use assets | It is included in property and equipment, intangible assets. | It is included in property and equipment, intangible assets. | |
Description of line items in statement of financial position which include lease liabilities | It is included in other liabilities. | It is included in other liabilities. | |
The amounts recognized in the consolidated statement of financial position | Right-of-use property and equipment | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Right-of-use assets | ₩ 570,711 | ₩ 550,880 | |
The amounts recognized in the consolidated statement of financial position | Real estate | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Right-of-use assets | [1] | 537,392 | 518,795 |
The amounts recognized in the consolidated statement of financial position | Vehicles | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Right-of-use assets | [1] | 16,218 | 13,542 |
The amounts recognized in the consolidated statement of financial position | Others | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Right-of-use assets | [1] | 17,101 | 18,543 |
The amounts recognized in the consolidated statement of financial position | Right-of-use intangible assets | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Right-of-use assets | [1] | 4,626 | 9,698 |
The amounts recognized in the consolidated statement of comprehensive income | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Depreciation and amortization of right-of-use assets | 277,712 | 291,297 | |
The amounts recognized in the consolidated statement of comprehensive income | Real estate | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Depreciation and amortization of right-of-use assets | 246,058 | 251,465 | |
The amounts recognized in the consolidated statement of comprehensive income | Vehicles | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Depreciation and amortization of right-of-use assets | 15,286 | 19,594 | |
The amounts recognized in the consolidated statement of comprehensive income | Others | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Depreciation and amortization of right-of-use assets | 11,342 | 10,345 | |
The amounts recognized in the consolidated statement of comprehensive income | Right-of-use intangible assets | |||
Disclosure of quantitative information about leases for lessee [Line Items] | |||
Depreciation and amortization of right-of-use assets | ₩ 5,026 | ₩ 9,893 | |
[1] | Included in property and equipment, intangible assets and other liabilities. |
Finance Lease And Operating Lea
Finance Lease And Operating Lease As a Lessor(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure Of Finance Lease By Lessor Abstract [Abstract] | ||
Total lease investment | ₩ 1,538,093 | ₩ 1,740,085 |
Present value of minimum lease payments | 906,365 | 938,624 |
Present value of Non-guaranteed residual value | 496,969 | 639,075 |
Net lease investment | 1,403,334 | 1,577,699 |
Unearned interest income | 134,759 | 162,386 |
Disclosure Of Operating Lease By Lessor Abstract [Abstract] | ||
Minimum lease receipts | 2,605,166 | 2,692,009 |
Up to 1 year | ||
Disclosure Of Finance Lease By Lessor Abstract [Abstract] | ||
Total lease investment | 579,968 | 654,104 |
Present value of minimum lease payments | 354,588 | 367,937 |
Disclosure Of Operating Lease By Lessor Abstract [Abstract] | ||
Minimum lease receipts | 792,935 | 577,490 |
1~5 years | ||
Disclosure Of Finance Lease By Lessor Abstract [Abstract] | ||
Total lease investment | 958,125 | 1,085,208 |
Present value of minimum lease payments | 551,777 | 569,939 |
Disclosure Of Operating Lease By Lessor Abstract [Abstract] | ||
Minimum lease receipts | 1,727,498 | 1,432,354 |
Over 5 years | ||
Disclosure Of Finance Lease By Lessor Abstract [Abstract] | ||
Total lease investment | 0 | 773 |
Present value of minimum lease payments | 0 | 748 |
Disclosure Of Operating Lease By Lessor Abstract [Abstract] | ||
Minimum lease receipts | ₩ 84,733 | ₩ 682,165 |
Lease Payment As an Operating L
Lease Payment As an Operating Lessee(Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2018KRW (₩) | |
Disclosure of quantitative information about leases for lessee [abstract] | |
Minimum lease payment | ₩ 221,305 |
Sublease payment | (1,804) |
Lease payment reflected in profit or loss | ₩ 219,501 |
Deferred Income Tax Assets an_3
Deferred Income Tax Assets and Liabilities_Deferred Income Tax Assets And Liabilities(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2018KRW (₩) | |||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | ₩ 2,493,796 | ₩ 1,715,391 | ||||
Total deferred income tax liabilities | (3,591,024) | (2,489,587) | ||||
Total deferred income tax liabilities (assets) | (1,097,228) | (774,196) | ||||
Offsetting Of Deferred Income Tax Assets And Liabilities [Abstract] | ||||||
Offsetting Of Deferred Income Tax Assets | (2,428,738) | (1,711,794) | ||||
Offsetting Of Deferred Income Tax Liabilities | 2,428,738 | 1,711,794 | ||||
Net Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total net deferred income tax assets | 65,058 | 3,597 | $ 59,900 | |||
Total net deferred income tax liabilities | (1,162,286) | (777,793) | $ (1,070,137) | |||
Total net deferred income tax liabilities (assets) | (1,097,228) | (774,196) | ||||
Deductible Temporary Differences For Which No Deferred Tax Asset Is Recognised Abstract [Line Items] | ||||||
Deductible Temporary Differences For Which No Deferred Tax Asset Is Recognised Other Provisions | 3,054 | 4,788 | ||||
Deductible Temporary Differences For Which No Deferred Tax Asset Is Recognised Investments In Subsidiaries And Others | 242,875 | 67,645 | ||||
Deductible Temporary Differences For Which No Deferred Tax Asset Is Recognised Others | 75,831 | 125,158 | ||||
Temporary Differences Associated With Investments In Subsidiaries Branches And Associates And Interests In Joint Ventures Abstract [Line Items] | ||||||
Taxable Temporary Differences Associated With Investments In Subsidiaries Branches And Associates And Interests In Joint Ventures | (260,739) | (68,836) | ||||
Taxable Temporary Differences Associated With Business Combination | (65,288) | (65,288) | ||||
Gross Temporary Difference Unused Tax Losses And Unused Tax Credits Member [Member] | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 2,493,796 | 1,715,391 | ||||
Total deferred income tax liabilities | (3,591,024) | (2,489,587) | ||||
Total deferred income tax liabilities (assets) | (1,097,228) | (774,196) | ||||
Other provisions | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 149,259 | 115,500 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 149,259 | 115,500 | ||||
Allowances for credit losses | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 26,496 | 451 | ||||
Total deferred income tax liabilities | (3,356) | (3,266) | ||||
Total deferred income tax liabilities (assets) | 23,140 | (2,815) | ||||
Impairment losses of property and equipment | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 3,992 | 4,396 | ||||
Total deferred income tax liabilities | (1,889) | (1,952) | ||||
Total deferred income tax liabilities (assets) | 2,103 | 2,444 | ||||
Share based payments | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 17,718 | 18,002 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 17,718 | 18,002 | ||||
Provisions for acceptance and guarantees | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 17,046 | 20,959 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 17,046 | 20,959 | ||||
Gains or losses on valuation of derivatives | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 20,645 | 51,160 | ||||
Total deferred income tax liabilities | (223,482) | (158,604) | ||||
Total deferred income tax liabilities (assets) | (202,837) | (107,444) | ||||
Present value discount | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 17,058 | 8,244 | ||||
Total deferred income tax liabilities | (3,041) | (4,201) | ||||
Total deferred income tax liabilities (assets) | 14,017 | 4,043 | ||||
Gains or losses on fair value hedge | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 21,060 | 12,123 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 21,060 | 12,123 | ||||
Accrued interest | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (125,835) | (110,359) | ||||
Total deferred income tax liabilities (assets) | (125,835) | (110,359) | ||||
Deferred loan origination fees and costs | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 7,224 | 531 | ||||
Total deferred income tax liabilities | (226,821) | (199,000) | ||||
Total deferred income tax liabilities (assets) | (219,597) | (198,469) | ||||
Advnaced depreciation provision | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (1,703) | (1,703) | ||||
Total deferred income tax liabilities (assets) | (1,703) | (1,703) | ||||
Gains or losses on revaluation | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 338 | 549 | ||||
Total deferred income tax liabilities | (319,698) | (329,331) | ||||
Total deferred income tax liabilities (assets) | (319,360) | (328,782) | ||||
Investments in subsidiaries and others | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 38,164 | 35,306 | ||||
Total deferred income tax liabilities | (111,589) | (105,470) | ||||
Total deferred income tax liabilities (assets) | (73,425) | (70,164) | ||||
Gains or losses on valuation of security investment | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 73,857 | 39,949 | ||||
Total deferred income tax liabilities | (1,232,689) | (265,934) | ||||
Total deferred income tax liabilities (assets) | (1,158,832) | (225,985) | ||||
Defined benefit liabilities | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 606,146 | 557,423 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 606,146 | 557,423 | ||||
Accrued expenses | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 334,900 | 249,999 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 334,900 | 249,999 | ||||
Retirement insurance expense | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (541,317) | (489,602) | ||||
Total deferred income tax liabilities (assets) | (541,317) | (489,602) | ||||
Adjustments to the prepaid contributions | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (28,261) | (22,897) | ||||
Total deferred income tax liabilities (assets) | (28,261) | (22,897) | ||||
Derivative linked securities | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 78,202 | 131,259 | ||||
Total deferred income tax liabilities | (30,881) | (34,635) | ||||
Total deferred income tax liabilities (assets) | 47,321 | 96,624 | ||||
Others | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 1,081,691 | [1] | 469,540 | |||
Total deferred income tax liabilities | (740,462) | [1] | (762,633) | |||
Total deferred income tax liabilities (assets) | 341,229 | [1] | (293,093) | |||
Deductible temporary differences | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax assets | 2,493,796 | 1,715,391 | ₩ 1,562,537 | |||
The changes in cumulative temporary differences | ||||||
Beginning | 6,186,895 | 5,641,699 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | ₩ 8,828,075 | ₩ 6,186,895 | ||||
Tax rate | 27.50% | 27.50% | ||||
Deductible temporary differences | Gross Temporary Difference Unused Tax Losses And Unused Tax Credits Member [Member] | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | ₩ 6,384,486 | ₩ 5,839,583 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 2,390,767 | |||||
Decrease | 3,914,448 | 3,226,175 | ||||
Increase | 4,289,030 | 3,771,078 | ||||
Ending | 9,149,835 | 6,384,486 | ||||
Deductible temporary differences | Other provisions | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 424,383 | 411,903 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 6,383 | |||||
Decrease | 426,457 | 411,747 | ||||
Increase | 540,396 | 424,227 | ||||
Ending | 544,705 | 424,383 | ||||
Deductible temporary differences | Allowances for credit losses | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 2,018 | 12,481 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 105,505 | |||||
Decrease | 96,885 | 16,160 | ||||
Increase | 83,111 | 5,697 | ||||
Ending | 93,749 | 2,018 | ||||
Deductible temporary differences | Impairment losses of property and equipment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 15,985 | 21,927 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 9,658 | 21,402 | ||||
Increase | 8,189 | 15,460 | ||||
Ending | 14,516 | 15,985 | ||||
Deductible temporary differences | Share based payments | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 63,092 | 60,071 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 5 | |||||
Decrease | 55,601 | 52,475 | ||||
Increase | 54,589 | 55,496 | ||||
Ending | 62,085 | 63,092 | ||||
Deductible temporary differences | Provisions for acceptance and guarantees | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 76,214 | 73,809 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 76,214 | 73,809 | ||||
Increase | 61,984 | 76,214 | ||||
Ending | 61,984 | 76,214 | ||||
Deductible temporary differences | Gains or losses on valuation of derivatives | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 186,035 | 503,277 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 5,201 | |||||
Decrease | 191,236 | 503,277 | ||||
Increase | 76,238 | 186,035 | ||||
Ending | 76,238 | 186,035 | ||||
Deductible temporary differences | Present value discount | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 29,978 | 24,593 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 29,732 | 24,347 | ||||
Increase | 61,783 | 29,732 | ||||
Ending | 62,029 | 29,978 | ||||
Deductible temporary differences | Gains or losses on fair value hedge | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 44,085 | 0 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 44,085 | 0 | ||||
Increase | 76,583 | 44,085 | ||||
Ending | 76,583 | 44,085 | ||||
Deductible temporary differences | Deferred loan origination fees and costs | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 1,930 | 1,841 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 35,863 | |||||
Decrease | 15,098 | 1,841 | ||||
Increase | 3,574 | 1,930 | ||||
Ending | 26,269 | 1,930 | ||||
Deductible temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 185,380 | 184,870 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 47,034 | 47,217 | ||||
Increase | 232,655 | 47,727 | ||||
Ending | 371,001 | 185,380 | ||||
Deductible temporary differences | Gains or losses on valuation of security investment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 136,236 | 269,731 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 136,070 | 264,318 | ||||
Increase | 251,524 | 130,823 | ||||
Ending | 251,690 | 136,236 | ||||
Deductible temporary differences | Defined benefit liabilities | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 2,161,219 | 1,977,430 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 94,105 | |||||
Decrease | 227,010 | 200,827 | ||||
Increase | 327,255 | 384,616 | ||||
Ending | 2,355,569 | 2,161,219 | ||||
Deductible temporary differences | Accrued expenses | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 911,599 | 993,906 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 75,498 | |||||
Decrease | 911,599 | 994,326 | ||||
Increase | 1,144,785 | 912,019 | ||||
Ending | 1,220,283 | 911,599 | ||||
Deductible temporary differences | Derivative linked securities | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 477,307 | 13,679 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 477,307 | 13,679 | ||||
Increase | 284,370 | 477,307 | ||||
Ending | 284,370 | 477,307 | ||||
Deductible temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 1,669,025 | [1] | 1,290,065 | |||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | [1] | 2,068,207 | ||||
Decrease | 1,170,462 | [1] | 600,750 | |||
Increase | 1,081,994 | [1] | 979,710 | |||
Ending | [1] | 3,648,764 | 1,669,025 | |||
Deductible temporary differences | Other provisions | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 4,788 | 3,416 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | 3,054 | 4,788 | ||||
Deductible temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 67,645 | 73,764 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | 242,875 | 67,645 | ||||
Deductible temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 125,158 | 120,704 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | 75,831 | 125,158 | ||||
Taxable temporary differences | ||||||
Deferred Tax Assets And Liabilities Abstract [Abstract] | ||||||
Total deferred income tax liabilities | (3,591,024) | (2,489,587) | ₩ (2,050,913) | |||
The changes in cumulative temporary differences | ||||||
Beginning | (8,999,893) | (7,409,277) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | ₩ (12,981,620) | ₩ (8,999,893) | ||||
Tax rate | 27.50% | 27.50% | ||||
Taxable temporary differences | Gross Temporary Difference Unused Tax Losses And Unused Tax Credits Member [Member] | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | ₩ (9,135,264) | ₩ (7,537,520) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | (3,293,011) | |||||
Decrease | (4,817,114) | (5,320,410) | ||||
Increase | (5,697,528) | (6,918,154) | ||||
Ending | (13,308,689) | (9,135,264) | ||||
Taxable temporary differences | Allowances for credit losses | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (11,877) | (238) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (11,877) | (238) | ||||
Increase | (12,203) | (11,877) | ||||
Ending | (12,203) | (11,877) | ||||
Taxable temporary differences | Impairment losses of property and equipment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (4,163) | (4,457) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (111) | (212) | ||||
Increase | 117 | 82 | ||||
Ending | (3,935) | (4,163) | ||||
Taxable temporary differences | Gains or losses on valuation of derivatives | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (576,743) | (49,036) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (576,743) | (49,036) | ||||
Increase | (812,662) | (576,743) | ||||
Ending | (812,662) | (576,743) | ||||
Taxable temporary differences | Present value discount | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (15,278) | (8,656) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (15,278) | (8,656) | ||||
Increase | (10,916) | (15,278) | ||||
Ending | (10,916) | (15,278) | ||||
Taxable temporary differences | Gains or losses on fair value hedge | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 0 | (94,085) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Decrease | (94,085) | |||||
Increase | 0 | |||||
Ending | 0 | |||||
Taxable temporary differences | Accrued interest | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (401,337) | (411,487) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | (168,859) | |||||
Decrease | (394,255) | (362,627) | ||||
Increase | (281,685) | (352,477) | ||||
Ending | (457,626) | (401,337) | ||||
Taxable temporary differences | Deferred loan origination fees and costs | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (752,178) | (727,528) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (752,178) | (727,528) | ||||
Increase | (820,223) | (752,178) | ||||
Ending | (820,223) | (752,178) | ||||
Taxable temporary differences | Advnaced depreciation provision | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (6,192) | (6,192) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 0 | 0 | ||||
Increase | 0 | 0 | ||||
Ending | (6,192) | (6,192) | ||||
Taxable temporary differences | Gains or losses on revaluation | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (1,197,566) | (1,201,992) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (80,036) | (52,470) | ||||
Increase | (45,008) | (48,044) | ||||
Ending | (1,162,538) | (1,197,566) | ||||
Taxable temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (419,055) | (316,346) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (70,188) | (19,421) | ||||
Increase | (297,809) | (122,130) | ||||
Ending | (646,676) | (419,055) | ||||
Taxable temporary differences | Gains or losses on valuation of security investment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (906,790) | (601,496) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | (3,060,750) | |||||
Decrease | (899,660) | (594,206) | ||||
Increase | (1,358,042) | (899,500) | ||||
Ending | (4,425,922) | (906,790) | ||||
Taxable temporary differences | Retirement insurance expense | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (1,775,740) | (1,611,475) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | (61,789) | |||||
Decrease | (162,764) | (153,528) | ||||
Increase | (288,296) | (317,793) | ||||
Ending | (1,963,061) | (1,775,740) | ||||
Taxable temporary differences | Adjustments to the prepaid contributions | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (83,262) | (69,212) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (83,262) | (69,212) | ||||
Increase | (102,768) | (83,262) | ||||
Ending | (102,768) | (83,262) | ||||
Taxable temporary differences | Derivative linked securities | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (125,947) | (271,873) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | (125,947) | (271,873) | ||||
Increase | (112,293) | (125,947) | ||||
Ending | (112,293) | (125,947) | ||||
Taxable temporary differences | Goodwill from merger | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (65,288) | (65,288) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | 0 | |||||
Decrease | 0 | 0 | ||||
Increase | 0 | 0 | ||||
Ending | (65,288) | (65,288) | ||||
Taxable temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (2,793,848) | [1] | (2,098,159) | |||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Business combination | [1] | (1,613) | ||||
Decrease | (1,644,815) | [1] | (2,917,318) | |||
Increase | (1,555,740) | [1] | (3,613,007) | |||
Ending | [1] | (2,706,386) | (2,793,848) | |||
Taxable temporary differences | Goodwill from merger | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (65,288) | (65,288) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | (65,288) | (65,288) | ||||
Taxable temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (68,836) | (62,367) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | (260,739) | (68,836) | ||||
Taxable temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (1,247) | (588) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits Abstract [Abstract] | ||||||
Ending | ₩ (1,042) | ₩ (1,247) | ||||
[1] | Includes PPA amount from acquisition of Prudential Life Insurance Company of Korea Ltd. and KB Insurance Co., Ltd., and others. |
Assets Held for Sale_Assets Hel
Assets Held for Sale_Assets Held For Sale(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2020USD ($) | ||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | ₩ 197,727 | ₩ 23,151 | $ 182,051 | |
Assets and liabilities classified as held for sale [Member] | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | 197,727 | 23,151 | ||
Fair value less costs to sell | ₩ 208,369 | 26,770 | ||
Changes In Accumulated Impairment Of Assets Held For Sale Abstract [Abstract] | ||||
Description Of Noncurrent Asset Or Disposal Group Held For Sale Which Were Sold Or Reclassified | As of December 31, 2020, assets held for sale consist of 4 real estates of closed offices and 1,087 foreclosure assets on loans of PT Bank Bukopin TBK, which were determined to sell by the management, but not yet sold as of December 31, 2020. Negotiation with buyers is in process for the one closed office and the remaining 1,090 assets are also being actively marketed. | |||
Assets and liabilities classified as held for sale [Member] | Acquisition cost | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | [1] | ₩ 243,842 | 25,933 | |
Assets and liabilities classified as held for sale [Member] | Accumulated Impairment losses [Member] | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | (46,115) | (2,782) | ||
Reconciliation Of Changes In Accumulated Impairment Losses Of Assets Held For Sale Abstract [Abstract] | ||||
Beginning | (2,782) | (8,150) | ||
Changes In Accumulated Impairment Of Assets Held For Sale Abstract [Abstract] | ||||
Provision | (11,593) | (333) | ||
Reversal | 0 | 0 | ||
Business combination | (45,433) | |||
Disposal and others | 13,693 | 5,701 | ||
Ending | (46,115) | (2,782) | ||
Land held for sale | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | 64,571 | 13,012 | ||
Fair value less costs to sell | 68,321 | 14,374 | ||
Land held for sale | Acquisition cost | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | [1] | 80,740 | 14,542 | |
Land held for sale | Accumulated Impairment losses [Member] | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | (16,169) | (1,530) | ||
Buildings held for sale | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | 127,539 | 10,139 | ||
Fair value less costs to sell | 134,247 | 12,396 | ||
Buildings held for sale | Acquisition cost | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | [1] | 152,426 | 11,391 | |
Buildings held for sale | Accumulated Impairment losses [Member] | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | (24,887) | ₩ (1,252) | ||
Other assets held for sale | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | 5,617 | |||
Fair value less costs to sell | 5,801 | |||
Other assets held for sale | Acquisition cost | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | [1] | 10,676 | ||
Other assets held for sale | Accumulated Impairment losses [Member] | ||||
Disclosure Of Assets Held For Sale Line Items [Line Items] | ||||
Carrying amount | ₩ (5,059) | |||
[1] | Acquisition cost of buildings held for sale is net of accumulated depreciation before classified as assets held for sale. |
Assets Held for Sale_The Valuat
Assets Held for Sale_The Valuation Technique And Input Variables That Are Used To Measure The Fair Value Of Assets Held For Sale(Details) - Land and buildings ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020KRW (₩) | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assests Held For Sale Line Items [Line Items] | ||
Fair value | ₩ 208,369 | |
Unobservable input | Adjustment index | [1] |
Range of unobservable inputs | 0.68 ~1.95% | |
Relationship of unobservable inputs to fair value | Fair value increases as the adjustment index rises. | |
Description Of Valuation Processes Used In Fair Value Measurement Assets Held For Sale | Market comparison approach model | [2] |
Description Of Assets Held For Sale Of Level Of Fair Value Hierarchy Within Which Fair Value Measurement Is Categorised | Among assets held for sale, real estate was measured by independent appraisers with recent experience in evaluating similar properties in the area of the property to be assessed with professional qualifications. All of assets held for sale are classified as level 3 in accordance with fair value hierarchy in Note 6.1.2. | |
[1] | Adjustment index is calculated using the time factor correction or local factors or individual factors. | |
[2] | The appraisal value is adjusted by the adjustment ratio in the event the public sale is unsuccessful. |
Other Assets_Details Of Other A
Other Assets_Details Of Other Assets(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2020USD ($) | |
Other Assests Line Items [Line Items] | |||
Other assets | ₩ 30,155,037 | ₩ 18,215,608 | $ 27,764,256 |
Allowances for credit losses | |||
Reconciliation Of Changes In Accumulated Impairment Losses Of Other Assets Abstract [Abstract] | |||
Beginning | 128,864 | 131,055 | |
Changes In Accumulated Impairment Of Other Assets Abstract [Abstract] | |||
Written-off | (15,020) | (6,035) | |
Provision (reversal) | 23,879 | 9,492 | |
Business combination | 8,005 | ||
Others | (8,446) | (5,648) | |
Ending | 137,282 | 128,864 | |
Other financial assets | |||
Other Assests Line Items [Line Items] | |||
Other assets | 14,167,689 | 9,147,059 | |
Other financial assets | Other receivables | |||
Other Assests Line Items [Line Items] | |||
Other assets | 10,628,272 | 5,792,814 | |
Other financial assets | Accrued income | |||
Other Assests Line Items [Line Items] | |||
Other assets | 1,726,651 | 1,659,182 | |
Other financial assets | Guarantee deposits | |||
Other Assests Line Items [Line Items] | |||
Other assets | 1,099,618 | 1,146,000 | |
Other financial assets | Domestic exchange settlement debits | |||
Other Assests Line Items [Line Items] | |||
Other assets | 722,616 | 531,356 | |
Other financial assets | Others | |||
Other Assests Line Items [Line Items] | |||
Other assets | 117,330 | 129,039 | |
Other financial assets | Allowances for credit losses | |||
Other Assests Line Items [Line Items] | |||
Other assets | (119,762) | (104,629) | |
Reconciliation Of Changes In Accumulated Impairment Losses Of Other Assets Abstract [Abstract] | |||
Beginning | 104,629 | 106,275 | |
Changes In Accumulated Impairment Of Other Assets Abstract [Abstract] | |||
Written-off | (6,517) | (5,883) | |
Provision (reversal) | 22,153 | 9,885 | |
Business combination | 7,946 | ||
Others | (8,449) | (5,648) | |
Ending | 119,762 | 104,629 | |
Other financial assets | Less Present value discount | |||
Other Assests Line Items [Line Items] | |||
Present value discount | (7,036) | (6,703) | |
Other non financial assets | |||
Other Assests Line Items [Line Items] | |||
Other assets | 15,987,348 | 9,068,549 | |
Other non financial assets | Other receivables | |||
Other Assests Line Items [Line Items] | |||
Other assets | 1,091 | 1,294 | |
Other non financial assets | Prepaid expenses | |||
Other Assests Line Items [Line Items] | |||
Other assets | 254,152 | 198,893 | |
Other non financial assets | Guarantee deposits | |||
Other Assests Line Items [Line Items] | |||
Other assets | 3,906 | 4,084 | |
Other non financial assets | Insurance assets | |||
Other Assests Line Items [Line Items] | |||
Other assets | 2,376,679 | 1,662,016 | |
Other non financial assets | Separate account assets | |||
Other Assests Line Items [Line Items] | |||
Other assets | 10,210,047 | 5,052,804 | |
Other non financial assets | Others | |||
Other Assests Line Items [Line Items] | |||
Other assets | 3,158,993 | 2,173,693 | |
Other non financial assets | Allowances for credit losses | |||
Other Assests Line Items [Line Items] | |||
Other assets | (17,520) | (24,235) | |
Reconciliation Of Changes In Accumulated Impairment Losses Of Other Assets Abstract [Abstract] | |||
Beginning | 24,235 | 24,780 | |
Changes In Accumulated Impairment Of Other Assets Abstract [Abstract] | |||
Written-off | (8,503) | (152) | |
Provision (reversal) | 1,726 | (393) | |
Business combination | 59 | ||
Others | 3 | 0 | |
Ending | ₩ 17,520 | ₩ 24,235 |
Financial Liabilities at Fair_3
Financial Liabilities at Fair Value Through Profit or Loss_Details Of Financial Liabilities At Fair Value Through Profit Or Loss And Financial Liabilities Designated At Fair Value Through Profit Or Loss(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Financial liabilities at fair value through profit or loss | ₩ 11,810,058 | $ 10,873,722 | ₩ 15,368,153 |
Financial liabilities at fair value through profit or loss | |||
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Financial liabilities at fair value through profit or loss | 2,025,951 | 2,663,327 | |
Securities sold | |||
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Financial liabilities at fair value through profit or loss | 1,934,735 | 2,583,092 | |
Other | |||
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Financial liabilities at fair value through profit or loss | 91,216 | 80,235 | |
Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Financial liabilities at fair value through profit or loss | 9,784,107 | 12,704,826 | |
Derivative linked securities | |||
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Financial liabilities at fair value through profit or loss | ₩ 9,784,107 | ₩ 12,704,826 |
Financial Liabilities at Fair_4
Financial Liabilities at Fair Value Through Profit or Loss_The Difference Between The Carrying Amount And Contractual Cash Flow Amount Of Financial Liabilities Designated At Fair Value Through Profit Or Loss(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Carrying amount | ₩ 11,810,058 | $ 10,873,722 | ₩ 15,368,153 |
Financial liabilities designated at fair value through profit or loss | |||
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Contractual cash flow amount | 9,583,186 | 12,515,734 | |
Carrying amount | 9,784,107 | 12,704,826 | |
Difference | (200,921) | (189,092) | |
Derivative linked securities | |||
Disclosure Of Financial Liabilities Line Items [Line Items] | |||
Carrying amount | ₩ 9,784,107 | ₩ 12,704,826 |
Deposits_Details Of Deposits(De
Deposits_Details Of Deposits(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | ₩ 338,580,220 | $ 311,736,583 | ₩ 305,592,771 |
Demand deposits | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | 176,629,560 | 136,340,417 | |
Demand deposits in Korean won | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | 162,155,728 | 127,790,349 | |
Demand deposits in foreign currencies | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | 14,473,832 | 8,550,068 | |
Time deposits | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | 159,481,736 | 165,012,385 | |
Time Deposits In Korean Won | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | 149,435,968 | 157,653,603 | |
Time deposits in foreign currencies | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | 10,045,768 | 7,358,782 | |
Time deposits in foreign currencies | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | 10,043,679 | 7,377,173 | |
Fair value adjustments on valuation of fair value hedged items | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Fair value adjustments on valuation of fair value hedged items | 2,089 | (18,391) | |
Certificates of deposits | |||
Disclosure Of Deposits From Customers Line Items [Line Items] | |||
Deposits | ₩ 2,468,924 | ₩ 4,239,969 |
Borrowings_Details of Borrowing
Borrowings_Details of Borrowings(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Borrowings Abstract [Abstract] | |||
General Borrowings | ₩ 32,312,859 | ₩ 24,370,567 | |
Bonds sold under repurchase agreements and others | 16,334,365 | 13,015,506 | |
Call money | 1,179,932 | 432,787 | |
Total | ₩ 49,827,156 | $ 45,876,712 | ₩ 37,818,860 |
Borrowings_Details Of General B
Borrowings_Details Of General Borrowings(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 32,312,859 | ₩ 24,370,567 |
Borrowings in Korean won | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | 21,197,871 | 14,429,984 |
The Bank of Korea | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 6,463,267 | 2,649,851 |
The Bank of Korea | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.25% | |
The Bank of Korea | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.25% | |
SEMAS and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 2,675,568 | 1,658,810 |
SEMAS and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.00% | |
SEMAS and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 2.70% | |
Shinhan Bank and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 137,952 | 116,160 |
Shinhan Bank and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 1.55% | |
Shinhan Bank and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 3.01% | |
Korea Securities Finance Corporation and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 2,203,702 | 1,982,242 |
Korea Securities Finance Corporation and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.20% | |
Korea Securities Finance Corporation and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 4.74% | |
The Korea Development Bank and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 9,717,382 | 8,022,921 |
The Korea Development Bank and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.00% | |
The Korea Development Bank and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 5.20% | |
Borrowings in foreign currencies | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 11,114,988 | 9,940,583 |
Commonwealth Bank of Australia and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | 292 | 4,682 |
Central Bank of Uzbekistan and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 9,839,110 | 8,089,368 |
Central Bank of Uzbekistan and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.00% | |
Central Bank of Uzbekistan and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 8.84% | |
The Export-Import Bank of Korea and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 23,827 | 7,081 |
The Export-Import Bank of Korea and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.70% | |
The Export-Import Bank of Korea and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 1.47% | |
Bank of New York Mellon and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 1,251,759 | ₩ 1,839,452 |
Bank of New York Mellon and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.00% | |
Bank of New York Mellon and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 2.80% |
Borrowings_The Details Of Repur
Borrowings_The Details Of Repurchase Agreements And Others(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure Of Detailed Information About Repurchase Agreements And Others Line Items [Line Items] | ||
Repurchase Agreements And Others | ₩ 16,334,365 | ₩ 13,015,506 |
Individuals, groups and corporations | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others Line Items [Line Items] | ||
Repurchase Agreements And Others | ₩ 16,329,799 | 13,011,121 |
Individuals, groups and corporations | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others Line Items [Line Items] | ||
Annual interest rate | 0.25% | |
Individuals, groups and corporations | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others Line Items [Line Items] | ||
Annual interest rate | 3.00% | |
Counter sale | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others Line Items [Line Items] | ||
Repurchase Agreements And Others | ₩ 4,566 | ₩ 4,385 |
Counter sale | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others Line Items [Line Items] | ||
Annual interest rate | 0.10% | |
Counter sale | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others Line Items [Line Items] | ||
Annual interest rate | 0.35% |
Borrowings_The Details Of Call
Borrowings_The Details Of Call Money(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Detailed Information About Call Money Line Items [Line Items] | ||
Call money | ₩ 1,179,932 | ₩ 432,787 |
The Export-Import Bank of Korea and others | ||
Disclosure Of Detailed Information About Call Money Line Items [Line Items] | ||
Call money | ₩ 510,000 | 165,000 |
The Export-Import Bank of Korea and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About Call Money Line Items [Line Items] | ||
Annual interest rate | 0.48% | |
The Export-Import Bank of Korea and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About Call Money Line Items [Line Items] | ||
Annual interest rate | 0.85% | |
Central Bank of Uzbekistan and others | ||
Disclosure Of Detailed Information About Call Money Line Items [Line Items] | ||
Call money | ₩ 669,932 | ₩ 267,787 |
Central Bank of Uzbekistan and others | Bottom Of Range Member [Member] | ||
Disclosure Of Detailed Information About Call Money Line Items [Line Items] | ||
Annual interest rate | 0.00% | |
Central Bank of Uzbekistan and others | Top Of Range Member [Member] | ||
Disclosure Of Detailed Information About Call Money Line Items [Line Items] | ||
Annual interest rate | 0.34% |
Debentures_Details Of Debenture
Debentures_Details Of Debentures(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2020USD ($) | |||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 62,760,687 | ₩ 50,935,583 | $ 57,784,835 | ||
Debentures in Korean won | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | 55,442,162 | 45,587,696 | |||
Korean Won Gross Carrying Amount [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | 55,495,986 | 45,596,655 | |||
Structured debentures | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 1,960 | ₩ 33,310 | |||
Structured debentures | Bottom Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 5.65% | 5.65% | 5.65% | ||
Structured debentures | Top Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 5.86% | 5.86% | 5.86% | ||
Exchangeable bonds | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 240,000 | [1] | ₩ 0 | ||
Exchangeable bonds | Bottom Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 0.00% | [1] | 0.00% | 0.00% | [1] |
Exchangeable bonds | Top Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 0.00% | [1] | 0.00% | 0.00% | [1] |
Subordinated fixed rate debentures | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 4,834,407 | ₩ 3,386,590 | |||
Subordinated fixed rate debentures | Bottom Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 2.02% | 2.02% | 2.02% | ||
Subordinated fixed rate debentures | Top Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 4.35% | 4.35% | 4.35% | ||
Fixed rate debentures | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 47,229,619 | ₩ 40,596,755 | |||
Fixed rate debentures | Bottom Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 0.00% | 0.00% | 0.00% | ||
Fixed rate debentures | Top Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 3.50% | 3.50% | 3.50% | ||
Floating rate debentures | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 3,190,000 | ₩ 1,580,000 | |||
Floating rate debentures | Bottom Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 0.58% | 0.58% | 0.58% | ||
Floating rate debentures | Top Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 1.55% | 1.55% | 1.55% | ||
Fair value adjustments of fair value hedged debentures in Korean won | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Gains(losses) on the hedged items attributable to the hedged risk | ₩ (6,839) | ₩ 21,070 | |||
Less Discount on debentures in Korean won | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Discount On Debentures | (32,028) | (30,029) | |||
Less Adjustment for exchangeable rights in Korean won | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Discount On Debentures | (14,957) | 0 | |||
Debentures in foreign currencies | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | 7,318,525 | 5,347,887 | |||
Foreign Currencies Gross Carrying Amount [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | 7,263,518 | 5,321,803 | |||
Floating rate debentures | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 2,232,938 | ₩ 2,227,607 | |||
Floating rate debentures | Bottom Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 0.58% | 0.58% | 0.58% | ||
Floating rate debentures | Top Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 1.51% | 1.51% | 1.51% | ||
Fixed rate debentures | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Debentures | ₩ 5,030,580 | ₩ 3,094,196 | |||
Fixed rate debentures | Bottom Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 0.05% | 0.05% | 0.05% | ||
Fixed rate debentures | Top Of Range Member [Member] | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Annual interest rate | 13.50% | 13.50% | 13.50% | ||
Fair value adjustments of fair value hedged debentures in foreign currencies | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Gains(losses) on the hedged items attributable to the hedged risk | ₩ 81,333 | ₩ 41,406 | |||
Less Discount on debentures in foreign currencies | |||||
Disclosure Of Detailed Information About Deventures Line Items [Line Items] | |||||
Discount On Debentures | ₩ (26,326) | ₩ (15,322) | |||
[1] | Fair value of the liability component of exchangeable bonds is calculated by using market interest rates of bonds under the same conditions without the exchangeable rights. The residual amount after deducting the liability component from the issuance amount, represents the value of the exchangeable rights and is recorded in equity. Shares to be exchanged are 5 million treasury shares of KB Financial Group Inc. with the exchange price of KRW 48,000. Exercise period for exchangeable rights is from the 60th day from the issuance date to 10 days before the maturity date. |
Debentures_Changes In Debenture
Debentures_Changes In Debentures Based On Face Value(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | ₩ 50,918,458 | ₩ 53,331,253 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 119,810,529 | 93,657,911 |
Repayments | (107,760,800) | (96,145,669) |
Business combination | 277,087 | |
Others | (485,770) | 74,963 |
Ending | 62,759,504 | 50,918,458 |
Debentures in Korean won | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 45,596,655 | 48,588,134 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 116,077,084 | 92,530,041 |
Repayments | (106,147,753) | (95,521,520) |
Business combination | 0 | |
Others | (30,000) | 0 |
Ending | 55,495,986 | 45,596,655 |
Structured debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 33,310 | 34,320 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 0 | 0 |
Repayments | (1,350) | (1,010) |
Business combination | 0 | |
Others | (30,000) | 0 |
Ending | 1,960 | 33,310 |
Exchangeable bonds | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 0 | |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 240,000 | |
Repayments | 0 | |
Business combination | 0 | |
Others | 0 | |
Ending | 240,000 | 0 |
Subordinated fixed rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 3,386,590 | 3,437,729 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 2,150,000 | 0 |
Repayments | (702,183) | (51,139) |
Business combination | 0 | |
Others | 0 | 0 |
Ending | 4,834,407 | 3,386,590 |
Fixed rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 40,596,755 | 43,466,085 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 111,677,084 | 91,960,041 |
Repayments | (105,044,220) | (94,829,371) |
Business combination | 0 | |
Others | 0 | 0 |
Ending | 47,229,619 | 40,596,755 |
Floating rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 1,580,000 | 1,650,000 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 2,010,000 | 570,000 |
Repayments | (400,000) | (640,000) |
Business combination | 0 | |
Others | 0 | 0 |
Ending | 3,190,000 | 1,580,000 |
Debentures in foreign currencies | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 5,321,803 | 4,743,119 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 3,733,445 | 1,127,870 |
Repayments | (1,613,047) | (624,149) |
Business combination | 277,087 | |
Others | (455,770) | 74,963 |
Ending | 7,263,518 | 5,321,803 |
Floating rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 2,227,607 | 1,791,868 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 823,478 | 532,380 |
Repayments | (675,075) | (33,199) |
Business combination | 0 | |
Others | (143,072) | (63,442) |
Ending | 2,232,938 | 2,227,607 |
Fixed rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Beginning | 3,094,196 | 2,951,251 |
Changes In Debentures Based On Face Value Abstract [Abstract] | ||
Issues | 2,909,967 | 595,490 |
Repayments | (937,972) | (590,950) |
Business combination | 277,087 | |
Others | (312,698) | 138,405 |
Ending | ₩ 5,030,580 | ₩ 3,094,196 |
Provisions_Details Of Provision
Provisions_Details Of Provisions(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | |||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | ₩ 527,929 | ||||
Transfer between stages [Abstract] | |||||
Ending | 714,903 | $ 658,223 | ₩ 527,929 | ||
Provisions for credit losses of unused loan commitments | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 208,148 | ||||
Transfer between stages [Abstract] | |||||
Ending | 298,753 | 208,148 | |||
Provisions for credit losses of unused loan commitments | 12-month expected credit losses | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 127,297 | 132,876 | |||
Transfer between stages [Abstract] | |||||
Transfer to 12-month expected credit losses | 23,318 | 32,622 | |||
Transfer to lifetime expected credit losses | (13,431) | (16,932) | |||
Impairment | (304) | (422) | |||
Provision | [1] | 24,583 | |||
Reversal | (21,171) | ||||
Business combination | 19,426 | ||||
Increase (decrease) in other provisions | (18,168) | 324 | |||
Ending | 162,721 | 127,297 | |||
Provisions for credit losses of unused loan commitments | Non-impaired | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 71,464 | 68,920 | |||
Transfer between stages [Abstract] | |||||
Transfer to 12-month expected credit losses | (21,694) | (31,408) | |||
Transfer to lifetime expected credit losses | 15,991 | 17,195 | |||
Impairment | (3,474) | (1,516) | |||
Provision | 65,449 | [1] | 18,036 | ||
Business combination | 0 | ||||
Increase (decrease) in other provisions | (273) | 237 | |||
Ending | 127,463 | 71,464 | |||
Provisions for credit losses of unused loan commitments | Impaired | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 9,387 | 8,881 | |||
Transfer between stages [Abstract] | |||||
Transfer to 12-month expected credit losses | (1,624) | (1,214) | |||
Transfer to lifetime expected credit losses | (2,560) | (263) | |||
Impairment | 3,778 | 1,938 | |||
Provision | 45 | ||||
Reversal | [1] | (412) | |||
Business combination | 0 | ||||
Increase (decrease) in other provisions | 0 | 0 | |||
Ending | 8,569 | 9,387 | |||
Provisions for credit losses of acceptances and guarantees | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 77,759 | ||||
Transfer between stages [Abstract] | |||||
Ending | 62,254 | 77,759 | |||
Provisions for credit losses of acceptances and guarantees | 12-month expected credit losses | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 24,961 | 27,084 | |||
Transfer between stages [Abstract] | |||||
Transfer to 12-month expected credit losses | 194 | 365 | |||
Transfer to lifetime expected credit losses | (486) | (975) | |||
Impairment | (5) | (24) | |||
Provision | [1] | 9,482 | |||
Reversal | (1,763) | ||||
Business combination | 0 | ||||
Increase (decrease) in other provisions | (1,058) | 274 | |||
Ending | 33,088 | 24,961 | |||
Provisions for credit losses of acceptances and guarantees | Non-impaired | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 36,012 | 30,109 | |||
Transfer between stages [Abstract] | |||||
Transfer to 12-month expected credit losses | (191) | (365) | |||
Transfer to lifetime expected credit losses | 486 | 1,705 | |||
Impairment | (461) | (280) | |||
Provision | 4,584 | ||||
Reversal | [1] | (20,389) | |||
Business combination | 0 | ||||
Increase (decrease) in other provisions | (619) | 259 | |||
Ending | 14,838 | 36,012 | |||
Provisions for credit losses of acceptances and guarantees | Impaired | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 16,786 | 17,982 | |||
Transfer between stages [Abstract] | |||||
Transfer to 12-month expected credit losses | (3) | 0 | |||
Transfer to lifetime expected credit losses | 0 | (729) | |||
Impairment | 466 | 304 | |||
Reversal | (2,734) | [1] | (893) | ||
Business combination | 0 | ||||
Increase (decrease) in other provisions | (187) | 122 | |||
Ending | 14,328 | 16,786 | |||
Provisions for credit losses of financial guarantee contracts | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 6,063 | 4,275 | |||
Transfer between stages [Abstract] | |||||
Provision | 280 | 1,865 | |||
Increase (decrease) in other provisions | 5 | (77) | |||
Ending | 6,348 | 6,063 | |||
Provisions for restoration costs | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 120,340 | 108,000 | |||
Transfer between stages [Abstract] | |||||
Provision | 14,192 | 7,037 | |||
Reversal | (2,010) | (7,178) | |||
Used | (9,469) | (5,211) | |||
Unwinding of discount | 2,372 | 2,237 | |||
Effect of changes in discount rate | 23,886 | 15,455 | |||
Business combination | 2,385 | 0 | |||
Ending | ₩ 151,696 | ₩ 120,340 | |||
Description Of Nature Of Provisions For Restoration Cost | Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate were used to estimate the present value of estimated costs. | Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate were used to estimate the present value of estimated costs. | Provisions for restoration cost are the present value of estimated costs to be incurred for the restoration of the leased properties. Actual expenses are expected to be incurred at the end of each lease contract. Three-year historical data of expired leases were used to estimate the average lease period. Also, the average restoration expense based on actual three-year historical data and the three-year historical average inflation rate were used to estimate the present value of estimated costs. | ||
Other provisions | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | ₩ 115,619 | ₩ 127,732 | |||
Transfer between stages [Abstract] | |||||
Provision | 187,292 | 121,024 | |||
Decrease | (112,383) | (133,137) | |||
Business combination | 5,324 | ||||
Ending | 195,852 | 115,619 | |||
Membership rewards program | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 14,669 | 12,654 | |||
Transfer between stages [Abstract] | |||||
Provision | 76,138 | 56,758 | |||
Decrease | (71,306) | (54,743) | |||
Business combination | 0 | ||||
Ending | 19,501 | 14,669 | |||
Dormant accounts | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 3,579 | 4,377 | |||
Transfer between stages [Abstract] | |||||
Provision | 2,607 | 2,378 | |||
Decrease | (3,179) | (3,176) | |||
Business combination | 0 | ||||
Ending | 3,007 | 3,579 | |||
Litigations | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | 28,690 | 21,190 | |||
Transfer between stages [Abstract] | |||||
Provision | 19,186 | 23,863 | |||
Decrease | (9,725) | (16,363) | |||
Business combination | 2,366 | ||||
Ending | 40,517 | 28,690 | |||
Others | |||||
Reconciliation Of Changes In Other Provisions Abstract [Abstract] | |||||
Beginning | [2] | 68,681 | 89,511 | ||
Transfer between stages [Abstract] | |||||
Provision | [2] | 89,361 | 38,025 | ||
Decrease | [2] | (28,173) | (58,855) | ||
Business combination | [2] | 2,958 | |||
Ending | [2] | 132,827 | 68,681 | ||
Provision on incomplete sales on cardssurance | ₩ 1,319 | ₩ 2,532 | |||
[1] | Includes additional provision of KRW 14,974 million for industries and borrowers which are highly affected by COVID-19, and KRW 28,385 million due to expanding the scope of the loans subject to lifetime expected credit losses (non-impaired) for the year ended December 31, 2020. | ||||
[2] | Provisions for incomplete sales of cardssurance are KRW 2,532 million and KRW 1,319 million, as of December 31, 2019 and 2020, respectively. |
Net Defined Benefit Liabiliti_3
Net Defined Benefit Liabilities_Changes In The Net Defined Benefit Liabilities(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |||
Disclosure Of Net Defined Benefit Liability Asset Line Items [Line Items] | |||||
Beginning | ₩ 253,043 | [1] | ₩ 262,213 | ||
Changes In Net Defined Benefit Liability Asset Abstract [Abstract] | |||||
Current service cost | 232,147 | 226,788 | ₩ 208,470 | ||
Past service cost | 3,269 | 2,276 | |||
Gains on settlement | (1,912) | 0 | (1,000) | ||
Interest expense (income) | 4,743 | 5,545 | 3,833 | ||
Remeasurements | |||||
Actuarial gains and losses by changes in demographic assumptions | (9,611) | (3,122) | |||
Actuarial gains and losses by changes in financial assumptions | 789 | 61,547 | |||
Actuarial gains and losses by experience adjustments | 16,292 | 7,458 | |||
Return on plan assets (excluding amounts included in interest income) | 6,308 | 11,116 | 22,420 | ||
Contributions by the Group | (268,918) | (288,420) | |||
Contributions by the employees | (248) | ||||
Payments from plans (settlement) | 0 | ||||
Payments from plans (benefit payments) | (3,922) | (22) | |||
Payments from the Group | (34,361) | (32,556) | |||
Transfer in | 646 | 350 | |||
Transfer out | 0 | 0 | |||
Effect of exchange differences | (719) | (2) | |||
Effect of business acquisition and disposal | 47,809 | ||||
Others | 26 | (128) | |||
Ending | ₩ 245,381 | [1] | ₩ 253,043 | [1] | 262,213 |
Description of type of plan | The Group has the obligation to pay the agreed benefits to all its current and former employees. | The Group has the obligation to pay the agreed benefits to all its current and former employees. | |||
Description of risks to which plan exposes entity | The Group assumes actuarial risk (that benefits will cost more than expected) and investment risk. | Actuarial risk (that benefits will cost more than expected) and investment risk fall, in substance, on the Group. | |||
Description of significant actuarial assumptions made and method used to calculate actuarial present value of promised retirement benefits | The net defined benefit liability recognized in the consolidated statement of financial position is calculated by independent actuaries in accordance with actuarial valuation methods. | The defined benefit liability recognized in the statements of financial position is calculated by independent actuaries in accordance with actuarial valuation methods. | |||
Present value of defined benefit obligation | |||||
Disclosure Of Net Defined Benefit Liability Asset Line Items [Line Items] | |||||
Beginning | ₩ 2,341,753 | [1] | ₩ 2,172,260 | ||
Changes In Net Defined Benefit Liability Asset Abstract [Abstract] | |||||
Current service cost | 232,147 | 226,788 | |||
Past service cost | 3,269 | 2,276 | |||
Gains on settlement | (1,912) | ||||
Interest expense (income) | 46,178 | 48,795 | |||
Remeasurements | |||||
Actuarial gains and losses by changes in demographic assumptions | (9,611) | (3,122) | |||
Actuarial gains and losses by changes in financial assumptions | 789 | 61,547 | |||
Actuarial gains and losses by experience adjustments | 16,292 | 7,458 | |||
Return on plan assets (excluding amounts included in interest income) | 0 | 0 | |||
Contributions by the Group | 0 | 0 | |||
Contributions by the employees | 0 | ||||
Payments from plans (settlement) | (8,162) | ||||
Payments from plans (benefit payments) | (148,468) | (141,820) | |||
Payments from the Group | (34,361) | (32,556) | |||
Transfer in | 9,673 | 7,775 | |||
Transfer out | (8,635) | (7,517) | |||
Effect of exchange differences | (724) | (2) | |||
Effect of business acquisition and disposal | 110,080 | ||||
Others | 26 | (129) | |||
Ending | 2,548,334 | [1] | 2,341,753 | [1] | 2,172,260 |
Fair value of plan assets | |||||
Disclosure Of Net Defined Benefit Liability Asset Line Items [Line Items] | |||||
Beginning | (2,088,710) | [1] | (1,910,047) | ||
Changes In Net Defined Benefit Liability Asset Abstract [Abstract] | |||||
Current service cost | 0 | 0 | |||
Past service cost | 0 | 0 | |||
Gains on settlement | 0 | ||||
Interest expense (income) | (41,435) | (43,250) | |||
Remeasurements | |||||
Actuarial gains and losses by changes in demographic assumptions | 0 | 0 | |||
Actuarial gains and losses by changes in financial assumptions | 0 | 0 | |||
Actuarial gains and losses by experience adjustments | 0 | 0 | |||
Return on plan assets (excluding amounts included in interest income) | 6,308 | 11,116 | |||
Contributions by the Group | (268,918) | (288,420) | |||
Contributions by the employees | (248) | ||||
Payments from plans (settlement) | 8,162 | ||||
Payments from plans (benefit payments) | 144,546 | 141,798 | |||
Payments from the Group | 0 | 0 | |||
Transfer in | (9,027) | (7,425) | |||
Transfer out | 8,635 | 7,517 | |||
Effect of exchange differences | 5 | 0 | |||
Effect of business acquisition and disposal | (62,271) | ||||
Others | 0 | 1 | |||
Ending | ₩ (2,302,953) | [1] | ₩ (2,088,710) | [1] | ₩ (1,910,047) |
[1] | The net defined benefit liabilities of KRW 253,043 million is calculated by subtracting KRW 946 million net defined benefit assets from KRW 253,989 million net defined benefit liabilities as of December 31, 2019. The net defined benefit liabilities of KRW 245,381 million is calculated by subtracting KRW 2,845 million net defined benefit assets from KRW 248,226 million net defined benefit liabilities as of December 31, 2020. |
Net Defined Benefit Liabiliti_4
Net Defined Benefit Liabilities_Details Of The Net Defined Benefit Liabilities(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Surplus Deficit In Plan Abstract [Abstract] | |||||
Present value of defined benefit obligation | ₩ 2,548,334 | ₩ 2,341,753 | |||
Fair value of plan assets | (2,302,953) | (2,088,710) | |||
Net defined benefit liabilities | ₩ 245,381 | [1] | ₩ 253,043 | [1] | ₩ 262,213 |
[1] | The net defined benefit liabilities of KRW 253,043 million is calculated by subtracting KRW 946 million net defined benefit assets from KRW 253,989 million net defined benefit liabilities as of December 31, 2019. The net defined benefit liabilities of KRW 245,381 million is calculated by subtracting KRW 2,845 million net defined benefit assets from KRW 248,226 million net defined benefit liabilities as of December 31, 2020. |
Net Defined Benefit Liabiliti_5
Net Defined Benefit Liabilities_Details Of Post-Employment Benefits Recognized In Profit Or Loss(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Details Of Postemployment Benefits Recognized In Profit Or Loss Abstract [Abstract] | ||||
Current service cost | ₩ 232,147 | ₩ 226,788 | ₩ 208,470 | |
Past service cost | 3,269 | 2,276 | 7,912 | |
Net interest expenses of net defined benefit liabilities | 4,743 | 5,545 | 3,833 | |
Gains on settlement | (1,912) | 0 | (1,000) | |
Post-employment benefits | [1] | 238,247 | 234,609 | ₩ 219,215 |
Postemployment Benefit Expense Defined Benefit Plans Recognized As Other Operating Expense | 2,840 | 2,575 | ||
Postemployment Benefit Expense Defined Benefit Plans Recognized As Prepayments | ₩ 176 | ₩ 121 | ||
[1] | Includes post-employment benefits amounting to KRW 2,575 million recognized as other operating expense and KRW 121 million recognized as prepayment for the year ended December 31, 2019 and post-employment benefits amounting to KRW 2,840 million recognized as other operating expense and KRW 176 million recognized as prepayment for the year ended December 31, 2020. |
Net Defined Benefit Liabiliti_6
Net Defined Benefit Liabilities_Remeasurements Of The Net Defined Benefit Liabilities Recognized As Other Comprehensive Income(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Remeasurement Of Net Defined Benefit Liability Asset Recognized As Other Comprehensive Income Abstract [Abstract] | |||||
Return on plan assets (excluding amounts included in interest income) | ₩ (6,308) | ₩ (11,116) | ₩ (22,420) | ||
Actuarial gains and losses | (7,470) | (65,883) | (167,973) | ||
Income tax effects | 3,792 | 21,172 | 52,377 | ||
Effect of exchange difference | (399) | 0 | 0 | ||
Remeasurements after income tax | [1],[2] | ₩ (10,385) | $ (9,561) | ₩ (55,827) | ₩ (138,016) |
[1] | The consolidated statements of changes in equity for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[2] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Net Defined Benefit Liabiliti_7
Net Defined Benefit Liabilities_The Details Of Fair Value Of Plan Assets(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Details Of Fair Value Of Plan Assests Abstract [Abstract] | ||
Cash and due from financial institutions | ₩ 2,299,500 | ₩ 2,087,861 |
Derivative instruments | 1,930 | |
Investment fund | 1,523 | 849 |
Total | 2,302,953 | 2,088,710 |
Assets quoted in an active market | ||
Details Of Fair Value Of Plan Assests Abstract [Abstract] | ||
Cash and due from financial institutions | 0 | 0 |
Derivative instruments | 0 | |
Investment fund | 0 | 0 |
Total | 0 | 0 |
Assets not quoted in an active market | ||
Details Of Fair Value Of Plan Assests Abstract [Abstract] | ||
Cash and due from financial institutions | 2,299,500 | 2,087,861 |
Derivative instruments | 1,930 | |
Investment fund | 1,523 | 849 |
Total | ₩ 2,302,953 | ₩ 2,088,710 |
Net Defined Benefit Liabiliti_8
Net Defined Benefit Liabilities_Key Actuarial Assumptions(Details) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Actuarial Assumptions Line Items [Line Items] | ||
Description Of Actuarial Assumption Of Mortality Rates | Mortality assumptions are based on the experience-based mortality table issued by Korea Insurance Development Institute in 2019. | |
Bottom Of Range Member [Member] | ||
Disclosure Of Actuarial Assumptions Line Items [Line Items] | ||
Discount rate | 0.90% | 1.60% |
Salary increase rate | 0.00% | 0.00% |
Turnover | 0.00% | 0.00% |
Top Of Range Member [Member] | ||
Disclosure Of Actuarial Assumptions Line Items [Line Items] | ||
Discount rate | 2.00% | 2.00% |
Salary increase rate | 7.50% | 7.50% |
Turnover | 50.00% | 50.00% |
Net Defined Benefit Liabiliti_9
Net Defined Benefit Liabilities_The Sensitivity Of The Defined Benefit Obligation To Changes In The Weighted Principal Assumptions(Details) - Weighted Average Member [Member] | 12 Months Ended |
Dec. 31, 2020 | |
Effect on net defined benefit obligation | |
Description Of Methods And Assumptions Used In Preparing Sensitivity Analysis For Actuarial Assumptions | The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. The sensitivity of the defined benefit obligation to changes in principal actuarial assumptions is calculated using the same projected unit credit method used in calculating the defined benefit obligations recognized in the consolidated statement of financial position. |
Discount rate | |
Disclosure Of Sensitivity Analysis For Actuarial Assumptions Line Items [Line Items] | |
Changes In Principal Assumption | 0.5 p. |
Effect on net defined benefit obligation | |
Increase in principal assumption | (4.34%) |
Decrease in principal assumption | 4.12% |
Salary increase rate | |
Disclosure Of Sensitivity Analysis For Actuarial Assumptions Line Items [Line Items] | |
Changes In Principal Assumption | 0.5 p. |
Effect on net defined benefit obligation | |
Increase in principal assumption | 1.41% |
Decrease in principal assumption | (6.41%) |
Turnover | |
Disclosure Of Sensitivity Analysis For Actuarial Assumptions Line Items [Line Items] | |
Changes In Principal Assumption | 0.5 p. |
Effect on net defined benefit obligation | |
Increase in principal assumption | (0.94%) |
Decrease in principal assumption | 0.39% |
Net Defined Benefit Liabilit_10
Net Defined Benefit Liabilities_Expected Maturity Analysis Of Undiscounted Pension Benefits Including Expected Future Benefit(Details) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020KRW (₩) | ||
Disclosure Of Expected Maturity Analysis Line Items [Line Items] | ||
Pension benefits | ₩ 6,232,033 | [1] |
Description of undiscounted pension benefits including expected future benefits | Amount determined under the promotion compensation type defined contribution plan is excluded. | |
Expected contribution to plan assets [Abstract] | ||
Expected contribution to plan assets | ₩ 221,271 | |
Bottom Of Range Member [Member] | ||
Disclosure Of Weighted Average Duration Of Defined Benefit Obligation Line Items [Line Items] | ||
Weighted Average Duration Of Defined Benefit Obligation | 1 year | |
Top Of Range Member [Member] | ||
Disclosure Of Weighted Average Duration Of Defined Benefit Obligation Line Items [Line Items] | ||
Weighted Average Duration Of Defined Benefit Obligation | 11 years 6 months | |
Up to 1 year | ||
Disclosure Of Expected Maturity Analysis Line Items [Line Items] | ||
Pension benefits | ₩ 98,050 | [1] |
2 years | ||
Disclosure Of Expected Maturity Analysis Line Items [Line Items] | ||
Pension benefits | 182,432 | [1] |
2~5 years | ||
Disclosure Of Expected Maturity Analysis Line Items [Line Items] | ||
Pension benefits | 706,187 | [1] |
5~10 years | ||
Disclosure Of Expected Maturity Analysis Line Items [Line Items] | ||
Pension benefits | 1,415,615 | [1] |
Over 10 years | ||
Disclosure Of Expected Maturity Analysis Line Items [Line Items] | ||
Pension benefits | ₩ 3,829,749 | [1] |
[1] | Amount determined under the promotion compensation type defined contribution plan is excluded. |
Other Liabilities_Details Of Ot
Other Liabilities_Details Of Other Liabilities(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | ₩ 41,804,023 | $ 38,489,677 | ₩ 29,737,259 |
Other financial liabilities | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 28,612,288 | 22,629,587 | |
Other payables | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 14,247,067 | 9,485,597 | |
Prepaid card and debit card payables | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 31,184 | 27,555 | |
Accrued expenses | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 2,787,360 | 3,066,445 | |
Financial guarantee contracts | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 49,286 | 46,428 | |
Deposits for letter of guarantees and others | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 1,103,876 | 862,968 | |
Domestic exchange settlement credits | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 938,039 | 2,079,636 | |
Foreign exchanges settlement credits | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 134,678 | 114,316 | |
Borrowings from other business accounts | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 0 | 256 | |
Due to trust accounts | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 7,542,955 | 5,216,460 | |
Liability incurred from agency relationships | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 765,844 | 771,609 | |
Account for agency businesses | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 400,507 | 407,475 | |
Dividend payables | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 478 | 473 | |
Lease liabilities | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 559,113 | 544,439 | |
Others | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 51,901 | 5,930 | |
Other non-financial liabilities | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 13,191,735 | 7,107,672 | |
Other payables | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 386,094 | 283,771 | |
Unearned revenue | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 669,908 | 465,501 | |
Accrued expenses | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 815,941 | 716,180 | |
Deferred revenue on credit card points | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 211,815 | 206,188 | |
Withholding taxes | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 180,092 | 158,992 | |
Separate account liabilities | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | 10,701,404 | 5,047,080 | |
Others | |||
Other Liabilities Line Items [Line Items] | |||
Other Liabilities | ₩ 226,481 | ₩ 229,960 |
Equity_Share Capital(Details)
Equity_Share Capital(Details) ₩ / shares in Units, $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020KRW (₩)₩ / sharesshares | Dec. 31, 2019KRW (₩)₩ / sharesshares | Dec. 31, 2020USD ($)shares | Dec. 31, 2018shares | |
Type of share | ||||
Number of authorized shares | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | |
Share capital | ₩ 2,090,558 | ₩ 2,090,558 | $ 1,924,812 | |
Ordinary shares | ||||
Type of share | ||||
Number of authorized shares | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | |
Par value per share | ₩ / shares | ₩ 5,000 | ₩ 5,000 | ||
Number of issued shares | 415,807,920 | 415,807,920 | 415,807,920 | 418,111,537 |
Share capital | ₩ | ₩ 2,090,558 | ₩ 2,090,558 | ||
Reconciliation Of Number Of Shares Outstanding Abstract [Abstract] | ||||
Beginning | 389,634,335 | 395,551,297 | ||
Changes In Number Of Shares Outstanding Abstract [Abstract] | ||||
Increase | 0 | 0 | ||
Decrease | 0 | (5,916,962) | ||
Ending | 389,634,335 | 389,634,335 |
Equity_Hybrid Securities(Detail
Equity_Hybrid Securities(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2020USD ($) | |
Hybrid Instruments | |||
Hybrid securities | ₩ 1,695,988 | ₩ 399,205 | $ 1,561,525 |
Discription Of Detailed Information About Hybrid Securities Explanatory | On the other hand, hybrid securities of KRW 574,580 million issued by Kookmin Bank are recognized as non-controlling interests and are early redeemable after 5 years from the issuance date and each interest payment date thereafter. | On the other hand, hybrid securities of KRW 574,580 million issued by Kookmin Bank are recognized as non-controlling interests and are early redeemable after 5 years from the issuance date and each interest payment date thereafter. | |
Hybrid Instrument | |||
Hybrid Instruments | |||
Hybrid securities | ₩ 1,695,988 | ₩ 399,205 | |
Discription Of Detailed Information About Hybrid Securities Explanatory | The above hybrid securities are early redeemable by the Group after 5 or 10 years from the issuance date. | The above hybrid securities are early redeemable by the Group after 5 or 10 years from the issuance date. | |
The 1-1st Hybrid Securities | |||
Hybrid Instruments | |||
Issuance date | May 2, 2019 | May 2, 2019 | |
Maturity | Perpetual bond | Perpetual bond | |
Interest Rate | 3.23% | 3.23% | 3.23% |
Hybrid securities | ₩ 349,309 | ₩ 349,309 | |
The 1-2nd Hybrid securities | |||
Hybrid Instruments | |||
Issuance date | May 2, 2019 | May 2, 2019 | |
Maturity | Perpetual bond | Perpetual bond | |
Interest Rate | 3.44% | 3.44% | 3.44% |
Hybrid securities | ₩ 49,896 | ₩ 49,896 | |
The 2-1st Hybrid securities | |||
Hybrid Instruments | |||
Issuance date | May 8, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.30% | 3.30% | |
Hybrid securities | ₩ 324,099 | 0 | |
The 2-2nd Hybrid securities | |||
Hybrid Instruments | |||
Issuance date | May 8, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.43% | 3.43% | |
Hybrid securities | ₩ 74,812 | 0 | |
The 3-1st Hybrid securities | |||
Hybrid Instruments | |||
Issuance date | Jul. 14, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.17% | 3.17% | |
Hybrid securities | ₩ 369,099 | 0 | |
The 3-2nd Hybrid securities | |||
Hybrid Instruments | |||
Issuance date | Jul. 14, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.38% | 3.38% | |
Hybrid securities | ₩ 29,922 | 0 | |
The 4-1st Hybrid securities | |||
Hybrid Instruments | |||
Issuance date | Oct. 20, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.00% | 3.00% | |
Hybrid securities | ₩ 433,996 | 0 | |
The 4-2nd Hybrid securities | |||
Hybrid Instruments | |||
Issuance date | Oct. 20, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.28% | 3.28% | |
Hybrid securities | ₩ 64,855 | ₩ 0 |
Equity_Capital Surplus(Details)
Equity_Capital Surplus(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) |
Miscellaneous Equity Abstract [Abstract] | |||
Paid-in capital in excess of par value | ₩ 13,190,274 | ₩ 13,190,274 | |
Loss On Sales Of Treasury Shares | (481,332) | (481,332) | |
Other capital surplus | 4,002,714 | 4,413,835 | |
Consideration for exchangeable rights | 11,933 | 0 | |
Total | ₩ 16,723,589 | $ 15,397,693 | ₩ 17,122,777 |
Equity_Accumulated Other Compre
Equity_Accumulated Other Comprehensive Income(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) |
Other Reserves Abstract [Abstract] | ||||
Remeasurements of net defined benefit liabilities | ₩ (300,324) | ₩ (290,228) | ||
Exchange differences on translating foreign operations | (131,113) | 31,793 | ||
Net gains on financial instruments at fair value through other comprehensive income | 717,230 | 487,331 | ||
Share of other comprehensive income (loss) of associates and joint ventures | (3,529) | 3,318 | ||
Cash flow hedges | (28,597) | (27,333) | ||
Gains (losses) on hedging instruments of net investments in foreign operations | 22,277 | (41,992) | ||
Other comprehensive income arising from separate account | 8,698 | 18,381 | ||
Fair value changes on financial liabilities designated at fair value due to own credit risk | (11,507) | (20,326) | ||
Net gains on overlay approach adjustment | 339,202 | 187,077 | ||
Total | ₩ 612,337 | $ 563,789 | ₩ 348,021 | ₩ 177,806 |
Equity_Retained Earnings(Detail
Equity_Retained Earnings(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | Dec. 31, 2020USD ($) | |||
Retained Earnings Accumulated Deficit Abstract [Abstract] | |||||
Legal reserves | [2] | ₩ 557,405 | [1] | ₩ 482,807 | |
Voluntary reserves | 982,000 | [1] | 982,000 | ||
Unappropriated retained earnings | 20,977,987 | [1] | 18,244,738 | ||
Total | 22,517,392 | [1] | ₩ 19,709,545 | $ 20,732,148 | |
Retained Earnings Restricted For Dividend At Subsidiaries Level Pursuant To Law And Regulations | ₩ 3,587,439 | ||||
Description Of Nature And Purpose Of Legal Reserves Within Equity | With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches at least the aggregate amount of its paid-in capital in accordance with Article 53 of the Financial Holding Company Act. This reserve is not available for the payment of cash dividends, but may be transferred to share capital, or used to reduce accumulated deficit. | With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches at least the aggregate amount of its paid-in capital in accordance with Article 53 of the Financial Holding Company Act. This reserve is not available for the payment of cash dividends, but may be transferred to share capital, or used to reduce accumulated deficit. | |||
[1] | Retained earnings restricted for dividend at subsidiaries level pursuant to law and regulations amounts to KRW 3,587,439 million as of December 31, 2020. | ||||
[2] | With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches at least the aggregate amount of its paid-in capital in accordance with Article 53 of the Financial Holding Company Act. This reserve is not available for the payment of cash dividends, but may be transferred to share capital, or used to reduce accumulated deficit. |
Equity_Treasury Shares(Details)
Equity_Treasury Shares(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||
Dec. 31, 2020KRW (₩)shares | Dec. 31, 2020USD ($)shares | Dec. 31, 2019KRW (₩)shares | ||||
Carrying amount | ||||||
Beginning | ₩ 1,136,188 | ₩ 968,549 | ||||
Changes In Treasury Share Amount Abstract [Abstract] | ||||||
Acquisition | 0 | 267,639 | ||||
Retirement | 0 | (100,000) | ||||
Ending | ₩ 1,136,188 | $ 1,046,108 | ₩ 1,136,188 | |||
Treasury Shares Member [Member] | ||||||
Number of treasury shares | ||||||
Beginning | shares | 26,173,585 | [1] | 26,173,585 | [1] | 22,560,240 | |
Changes In Treasury Share Number Abstract [Abstract] | ||||||
Acquisition | shares | 0 | 0 | 5,916,962 | |||
Retirement | shares | 0 | 0 | (2,303,617) | |||
Ending | shares | [1] | 26,173,585 | 26,173,585 | 26,173,585 | ||
Deposited at the Korea Securities Depository for issuing exchangeable bonds | ₩ 5 | |||||
Carrying amount | ||||||
Beginning | 1,136,188 | ₩ 968,549 | ||||
Changes In Treasury Share Amount Abstract [Abstract] | ||||||
Acquisition | 0 | 267,639 | ||||
Retirement | 0 | (100,000) | ||||
Ending | ₩ 1,136,188 | ₩ 1,136,188 | ||||
[1] | 5,000,000 treasury shares are deposited at the Korea Securities Depository for issuing exchangeable bonds. |
Net Interest Income_Details Of
Net Interest Income_Details Of Interest Income And Interest Expense(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Interest income | |||||
Due from financial institutions measured at fair value through profit or loss | ₩ 649 | ₩ 2,685 | ₩ 9,236 | ||
Securities measured at fair value through profit or loss | 647,840 | 668,377 | 713,058 | ||
Loans measured at fair value through profit or loss | 10,876 | 33,001 | 26,066 | ||
Securities measured at fair value through other comprehensive income | 719,434 | 774,864 | 718,327 | ||
Loans measured at fair value through other comprehensive income | 7,899 | 14,708 | 2,373 | ||
Due from financial institutions measured at amortized cost | 92,155 | 150,635 | 109,155 | ||
Securities measured at amortized cost | 627,201 | 599,519 | 604,709 | ||
Loans measured at amortized cost | 12,177,822 | 12,247,493 | 11,431,359 | ||
Other | 201,871 | 147,905 | 120,286 | ||
Sub-total | [1] | 14,485,747 | $ 13,337,275 | 14,639,187 | 13,734,569 |
Interest expenses | |||||
Deposits | 2,916,794 | 3,481,121 | 3,041,739 | ||
Borrowings | 572,946 | 596,425 | 544,562 | ||
Debentures | 1,186,310 | 1,240,566 | 1,148,729 | ||
Other | 87,423 | 124,288 | 94,611 | ||
Sub-total | [1] | 4,763,473 | 4,385,812 | 5,442,400 | 4,829,641 |
Net interest income | [1] | ₩ 9,722,274 | $ 8,951,463 | ₩ 9,196,787 | ₩ 8,904,928 |
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Net Interest Income_Interest In
Net Interest Income_Interest Income Recognized On Impaired Loans(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Loans And Receivables Category [Member] | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Interest income recognized on impaired loans | ₩ 56,606 | ₩ 54,033 | ₩ 48,974 |
Net Fee and Commission Income_D
Net Fee and Commission Income_Details Of Fee And Commission Income And Fee And Commission Expense(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Fee and commission income | |||||
Banking activity fees | ₩ 189,100 | ₩ 214,512 | ₩ 208,443 | ||
Lending activity fees | 91,663 | 83,916 | 74,340 | ||
Credit card and debit card related fees | 1,378,450 | 1,316,636 | 1,360,515 | ||
Agent activity fees | 196,518 | 172,211 | 149,585 | ||
Trust and other fiduciary fees | 331,827 | 388,352 | 363,767 | ||
Fund management related fees | 154,612 | 153,798 | 132,657 | ||
Acceptances and guarantees fees | 54,108 | 48,122 | 44,104 | ||
Foreign currency related fees | 173,313 | 134,145 | 124,201 | ||
Securities agency fees | 172,097 | 145,846 | 167,071 | ||
Other business account commission on consignment | 40,461 | 36,813 | 36,947 | ||
Commissions received on securities business | 793,278 | 445,987 | 518,309 | ||
Lease fees | 636,301 | 428,195 | 246,537 | ||
Others | 315,296 | 310,714 | 291,244 | ||
Sub-total | [1] | 4,527,024 | $ 4,168,109 | 3,879,247 | 3,717,720 |
Fee and commission expense | |||||
Trading activity related fees | [2] | 38,497 | 28,869 | 31,889 | |
Lending activity fees | 33,444 | 26,040 | 25,734 | ||
Credit card and debit card related fees | 848,823 | 892,391 | 907,831 | ||
Outsourcing related fees | 216,962 | 190,312 | 164,594 | ||
Foreign currency related fees | 49,435 | 42,902 | 43,053 | ||
Other | 380,924 | 343,729 | 301,243 | ||
Sub-total | [1] | 1,568,085 | 1,443,763 | 1,524,243 | 1,474,344 |
Net fee and commission income | [1] | ₩ 2,958,939 | $ 2,724,346 | ₩ 2,355,004 | ₩ 2,243,376 |
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[2] | Fees from financial instruments at fair value through profit or loss. |
Net Gains or Losses on Financ_3
Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | ₩ 16,869,982 | ₩ 12,914,689 | ₩ 9,805,428 |
Losses on financial instruments at fair value through profit or loss | 15,369,373 | 10,872,846 | 9,361,056 |
Net gains on financial instruments at fair value through profit or loss | 1,500,609 | 2,041,843 | 444,372 |
Financial assets at fair value through profit or loss | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 2,786,577 | 2,042,592 | 2,116,296 |
Losses on financial instruments at fair value through profit or loss | 1,484,839 | 1,068,742 | 1,326,097 |
Debt securities | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 2,061,505 | 1,613,946 | 1,544,892 |
Losses on financial instruments at fair value through profit or loss | 1,040,285 | 752,999 | 850,129 |
Equity securities | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 725,072 | 428,646 | 571,404 |
Losses on financial instruments at fair value through profit or loss | 444,554 | 315,743 | 475,968 |
Derivatives held for trading | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 14,054,556 | 10,819,536 | 7,616,700 |
Losses on financial instruments at fair value through profit or loss | 13,731,191 | 9,703,974 | 7,900,612 |
Interest rate | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 2,632,246 | 2,685,998 | 2,328,576 |
Losses on financial instruments at fair value through profit or loss | 2,687,114 | 2,758,205 | 2,610,305 |
Currency | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 8,335,594 | 5,251,597 | 3,764,985 |
Losses on financial instruments at fair value through profit or loss | 8,191,456 | 5,118,095 | 3,499,356 |
Stock or stock index | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 2,808,284 | 2,612,422 | 1,383,446 |
Losses on financial instruments at fair value through profit or loss | 2,558,205 | 1,585,086 | 1,626,007 |
Credit | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 28,434 | 41,548 | 38,461 |
Losses on financial instruments at fair value through profit or loss | 19,213 | 42,172 | 36,747 |
Commodity | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 18,097 | 15,240 | 8,285 |
Losses on financial instruments at fair value through profit or loss | 21,797 | 9,437 | 10,456 |
Other | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 231,901 | 212,731 | 92,947 |
Losses on financial instruments at fair value through profit or loss | 253,406 | 190,979 | 117,741 |
Financial liabilties held for trading | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 28,160 | 46,750 | 72,410 |
Losses on financial instruments at fair value through profit or loss | 153,227 | 94,426 | 134,287 |
Other financial instruments | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 689 | 5,811 | 22 |
Losses on financial instruments at fair value through profit or loss | ₩ 116 | ₩ 5,704 | ₩ 60 |
Net Gains or Losses on Financ_4
Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss Net Gains or Losses on Financial Instruments Designated at Fair Value through Profit or Loss(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Net gains or losses on financial instruments held for trading [Line Items] | |||
Gains on financial instruments designated at fair value through profit or loss | ₩ 654,045 | ₩ 555,749 | ₩ 667,508 |
Losses on financial instruments designated at fair value through profit or loss | 1,143,288 | 1,953,720 | 760,577 |
Net losses on financial instruments designated at fair value through profit or loss | (489,243) | (1,397,971) | (93,069) |
Financial liabilities designated at fair value through profit or loss | |||
Net gains or losses on financial instruments held for trading [Line Items] | |||
Gains on financial instruments designated at fair value through profit or loss | 654,045 | 555,749 | 667,508 |
Losses on financial instruments designated at fair value through profit or loss | ₩ 1,143,288 | ₩ 1,953,720 | ₩ 760,577 |
Net Other Operating Income an_3
Net Other Operating Income and Expenses_Details Of Other Operating Income And Expenses(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Gains related to financial instruments at fair value through other comprehensive income | |||||
Gains on redemption of financial instruments at fair value through other comprehensive income | ₩ 351 | ₩ 796 | ₩ 259 | ||
Gains on disposal of financial instruments at fair value through other comprehensive income | 304,217 | 222,371 | 134,875 | ||
Sub-total | 304,568 | 223,167 | 135,134 | ||
Gains related to financial assets at amortized cost | |||||
Gains on sale of loans measured at amortized cost | 180,038 | 80,746 | 46,877 | ||
Gains on disposal of securities measured at amortized cost | 229 | 0 | 0 | ||
Sub-total | 180,267 | 80,746 | 46,877 | ||
Gain on foreign exchange transactions | 3,634,987 | 2,183,703 | 1,600,161 | ||
Dividend income | 45,125 | 54,768 | 83,930 | ||
Others | 591,798 | 321,244 | 260,709 | ||
Total other operating income | 4,756,745 | 2,863,628 | 2,126,811 | ||
Losses related to financial instruments at fair value through other comprehensive income | |||||
Losses on redemption of financial instruments at fair value through other comprehensive income | 320 | 0 | 17 | ||
Losses on disposal of financial instruments at fair value through other comprehensive income | 19,159 | 16,975 | 35,864 | ||
Sub-total | 19,479 | 16,975 | 35,881 | ||
Losses related to financial assets at amortized cost | |||||
Losses on sale of loans measured at amortized cost | 16,061 | 19,439 | 9,006 | ||
Losses on disposal of securities measured at amortized cost | 6,513 | 0 | 0 | ||
Sub-total | 22,574 | 19,439 | 9,006 | ||
Loss on foreign exchanges transactions | 3,530,618 | 1,970,294 | 1,539,837 | ||
Others | 2,684,004 | 1,920,244 | 1,672,123 | ||
Total other operating expenses | 6,256,675 | 3,926,952 | 3,256,847 | ||
Net other operating expenses | [1] | ₩ (1,499,930) | $ (1,381,011) | ₩ (1,063,324) | ₩ (1,130,036) |
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
General and Administrative Ex_3
General and Administrative Expenses_Details Of General And Administrative Expenses(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Employee Benefits | |||||
Salaries and short-term employee benefits - salaries | ₩ 2,789,201 | ₩ 2,557,821 | ₩ 2,512,945 | ||
Salaries and short-term employee benefits - others | 871,014 | 848,421 | 870,356 | ||
Post-employment benefits - defined benefit plans | 235,231 | 231,913 | 217,085 | ||
Post-employment benefits - defined contribution plans | 37,328 | 27,924 | 21,056 | ||
Termination benefits | 361,098 | 239,790 | 242,010 | ||
Share-based payments | 49,364 | 49,418 | 10,930 | ||
Sub-total | 4,343,236 | 3,955,287 | 3,874,382 | ||
Depreciation and amortization | 874,911 | 784,431 | 408,771 | ||
Other general and administrative expenses | |||||
Rental expense | 116,325 | 109,745 | 361,344 | ||
Tax and dues | 260,071 | 238,670 | 214,683 | ||
Communication | 53,596 | 48,749 | 46,661 | ||
Electricity and utilities | 32,298 | 29,161 | 28,823 | ||
Publication | 13,988 | 15,136 | 16,018 | ||
Repairs and maintenance | 32,448 | 23,947 | 22,432 | ||
Vehicle | 14,314 | 11,537 | 12,495 | ||
Travel | 12,251 | 21,452 | 19,393 | ||
Training | 27,610 | 31,451 | 30,310 | ||
Service fees | 238,787 | 227,631 | 210,081 | ||
Electronic data processing expenses | 280,773 | 258,456 | 189,007 | ||
Advertising | 236,618 | 228,826 | 217,244 | ||
Others | 295,926 | 286,538 | 266,868 | ||
Sub-total | 1,615,005 | 1,531,299 | 1,635,359 | ||
Total | [1] | ₩ 6,833,152 | $ 6,291,399 | ₩ 6,271,017 | ₩ 5,918,512 |
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
General and Administrative Ex_4
General and Administrative Expenses_Details Of Stock Grants Linked To Longterm And Shortterm Performance(Details) | 12 Months Ended | |
Dec. 31, 2020shares | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Granted in 2020 | |
Number of granted shares | 16,800 | |
Description Of Method Of Settlement For Sharebased Payment Arrangement | Cash-settled | |
Linked to long term performance | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 1,713,368 | [1] |
Linked to short-term performance | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 1,871,589 | [2] |
KB Financial Group Inc. | Linked to long term performance | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 257,137 | [1] |
KB Financial Group Inc. | Series 21 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Jan. 01, 2019 | |
Number of granted shares | 25,172 | [1] |
Vesting conditions | Services fulfillment, market performance 0~30% and non-market performance 70~100% | [2],[3],[4] |
KB Financial Group Inc. | Series 22 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Apr. 01, 2019 | |
Number of granted shares | 3,226 | [1] |
Vesting conditions | Services fulfillment, market performance 30% and non-market performance 70% | [2],[3],[4] |
KB Financial Group Inc. | Series 23 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | May. 27, 2019 | |
Number of granted shares | 1,436 | [1] |
Vesting conditions | Services fulfillment, market performance 30% and non-market performance 70% | [2],[3],[4] |
KB Financial Group Inc. | Series 24 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Jul. 17, 2019 | |
Number of granted shares | 8,195 | [1] |
Vesting conditions | Services fulfillment, market performance 30% and non-market performance 70% | [2],[3],[4] |
KB Financial Group Inc. | Series 25 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Jan. 01, 2020 | |
Number of granted shares | 57,367 | [1] |
Vesting conditions | Services fulfillment, market performance 0~30% and non-market performance 70%~100% | [2],[3],[4] |
KB Financial Group Inc. | Series 26 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Mar. 18, 2020 | |
Number of granted shares | 430 | [1] |
Vesting conditions | Services fulfillment, market performance 30% and non-market performance 70% | [2],[3],[4] |
KB Financial Group Inc. | Series 27 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Jun. 15, 2020 | |
Number of granted shares | 187 | [1] |
Vesting conditions | Services fulfillment, market performance 30% and non-market performance 70% | [2],[3],[4] |
KB Financial Group Inc. | Series 28 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Nov. 21, 2020 | |
Number of granted shares | 68,135 | [1] |
Vesting conditions | Services fulfillment, market performance 35% and non-market performance 65% | [2],[4],[5] |
KB Financial Group Inc. | Deferred grant in 2015 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 7,674 | [1] |
Vesting conditions | Satisfied | [2] |
KB Financial Group Inc. | Deferred grant in 2016 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 8,705 | [1] |
Vesting conditions | Satisfied | [2] |
KB Financial Group Inc. | Deferred grant in 2017 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 17,983 | [1] |
Vesting conditions | Satisfied | [2] |
KB Financial Group Inc. | Deferred Grant In 2018 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 5,960 | [1] |
Vesting conditions | Satisfied | [2] |
KB Financial Group Inc. | Deferred Grant In 2019 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 24,533 | [1] |
Vesting conditions | Satisfied | [2] |
KB Financial Group Inc. | Deferred Grant In 2020 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 28,134 | [1] |
Vesting conditions | Satisfied | [2] |
KB Financial Group Inc. | Stock granted in 2015 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 7,524 | [2] |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2016 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 6,595 | [2] |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2017 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 7,385 | [2] |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2018 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 14,292 | [2] |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2019 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 28,030 | [2] |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2020 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 37,300 | [2] |
Vesting conditions | Proportional to service period | |
Kookmin Bank | Linked to long term performance | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 684,046 | [1] |
Kookmin Bank | Series 75 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Jan. 01, 2019 | |
Number of granted shares | 154,996 | [1] |
Vesting conditions | Services fulfillment, market performance 0~50% and non-market performance 50~100% | [2],[3],[4] |
Kookmin Bank | Series 76 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Apr. 01, 2019 | |
Number of granted shares | 5,380 | [1] |
Vesting conditions | Services fulfillment, market performance 30~50% and non-market performance 50~70% | [2],[3],[4] |
Kookmin Bank | Series 77 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | May. 27, 2019 | |
Number of granted shares | 4,468 | [1] |
Vesting conditions | Services fulfillment, market performance 30~50% and non-market performance 50~70% | [2],[3],[4] |
Kookmin Bank | Series 78 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Nov. 21, 2019 | |
Number of granted shares | 36,443 | [1] |
Vesting conditions | Services fulfillment, market performance 30% and non-market performance 70% | [2],[4],[6] |
Kookmin Bank | Series 79 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Jan. 01, 2020 | |
Number of granted shares | 241,609 | [1] |
Vesting conditions | Services fulfillment, market performance 0~50% and non-market performance 50~100% | [2],[3],[4] |
Kookmin Bank | Series 80 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Grant date | Mar. 01, 2020 | |
Number of granted shares | 7,711 | [1] |
Vesting conditions | Services fulfillment, market performance 30~50% and non-market performance 50~70% | [2],[3],[4] |
Kookmin Bank | Deferred grant in 2015 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 2,759 | [1] |
Vesting conditions | Satisfied | [2] |
Kookmin Bank | Deferred grant in 2016 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 19,109 | [1] |
Vesting conditions | Satisfied | [2] |
Kookmin Bank | Deferred grant in 2017 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 47,863 | [1] |
Vesting conditions | Satisfied | [2] |
Kookmin Bank | Deferred Grant In 2018 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 65,514 | [1] |
Vesting conditions | Satisfied | [2] |
Kookmin Bank | Deferred Grant In 2019 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 98,194 | [1] |
Vesting conditions | Satisfied | [2] |
Kookmin Bank | Stock granted in 2015 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 9,887 | [2] |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2016 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 19,662 | [2] |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2017 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 30,003 | [2] |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2018 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 73,989 | [2] |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2019 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 125,530 | [2] |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2020 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 121,676 | [2] |
Vesting conditions | Proportional to service period | |
Other subsidiaries | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Explanation Of Share Options In Sharebased Payment Arrangement | The Group changed the scheme of share-based payments from stock options to stock grants in November 2007. The stock grants award program is an incentive plan that sets, on grant date, the maximum number of shares that can be awarded. Actual shares to be granted is determined in accordance with achievement of pre-set performance targets over the vesting period. | |
Other subsidiaries | Linked to long term performance | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 772,185 | [1] |
Other subsidiaries | Stock granted in 2010 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 106 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2011 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 146 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2012 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 420 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2013 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 622 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2014 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 1,028 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 3,323 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 9,103 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 36,814 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 120,266 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 331,688 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Number of granted shares | 268,669 | [1] |
Vesting conditions | Services fulfillment, market performance 10~50% and non-market performance 50~90% | [2],[3],[4] |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 12,191 | [2] |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 40,970 | [2] |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 149,329 | [2] |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 345,546 | [2] |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 551,667 | [2] |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | ||
Estimated number of vested shares | 290,013 | [2] |
Vesting conditions | Proportional to service period | |
[1] | Granted shares represent the total number of shares initially granted to executives and employees who have residual shares as of December 31, 2020 (Deferred grants are residual shares vested as of December 31, 2020). | |
[2] | Executives and employees were given the option of deferred payment of the granted shares (after the date of retirement), payment ratio, and payment period. Accordingly, a certain percentage of the granted amount is deferred for up to five years after the date of retirement after the deferred grant has been confirmed. | |
[3] | Companies' and individuals' performance results | |
[4] | Relative TSR (Total Shareholders Return): [(Fair value at the end of the contract - Fair value at the beginning of the contract) + (Total amount of dividend per share paid during the contract period)] / Fair value at the beginning of the contract | |
[5] | EPS, Asset Quality, HCROI, Profit from non-banking segments | |
[6] | EPS, Asset Quality |
General and Administrative Ex_5
General and Administrative Expenses_Share Grants Are Measured At Fair Value Using The Monte Carlo Simulation Model And Assumptions Used In Determining The Fair Value(Details) - KRW (₩) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Information about how fair value was measured, share options granted | The Group used the volatility of the stock price over the previous year as the expected volatility, and used the arithmetic mean of the dividend rate of one year before, two years before, and three years before the base year as the dividend rate, and used one-year risk-free rate of Korea Treasury Bond in order to calculate fair value. | |
Liabilities From Share Grants | ₩ 135,327,000,000 | ₩ 124,853,000,000 |
Expense From Share Grants Transactions With Employees | ₩ 48,712,000,000 | ₩ 49,418,000,000 |
KB Financial Group Inc. | Series 21 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 21 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 38,789 | |
Fair value (Non-market performance condition) | 38,789 | |
KB Financial Group Inc. | Series 21 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Series 22 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 22 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 37,324 | |
Fair value (Non-market performance condition) | 37,324 | |
KB Financial Group Inc. | Series 22 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 41,899 | |
Fair value (Non-market performance condition) | ₩ 41,899 | |
KB Financial Group Inc. | Series 23 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 23 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 37,324 | |
Fair value (Non-market performance condition) | 37,324 | |
KB Financial Group Inc. | Series 23 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 41,899 | |
Fair value (Non-market performance condition) | ₩ 41,899 | |
KB Financial Group Inc. | Series 24 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 24 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 38,789 | |
Fair value (Non-market performance condition) | 38,789 | |
KB Financial Group Inc. | Series 24 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Series 25 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 25 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 37,324 | |
Fair value (Non-market performance condition) | 37,324 | |
KB Financial Group Inc. | Series 25 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Series 26 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 26 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 38,789 | |
Fair value (Non-market performance condition) | 38,789 | |
KB Financial Group Inc. | Series 26 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Series 27 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 27 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 38,789 | |
Fair value (Non-market performance condition) | 38,789 | |
KB Financial Group Inc. | Series 27 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Series 28 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Series 28 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 30,871 | |
Fair value (Non-market performance condition) | 34,694 | |
KB Financial Group Inc. | Series 28 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 34,675 | |
Fair value (Non-market performance condition) | ₩ 38,969 | |
KB Financial Group Inc. | Deferred grant in 2015 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Deferred grant in 2015 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 35,895 | |
KB Financial Group Inc. | Deferred grant in 2015 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Deferred grant in 2016 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Deferred grant in 2016 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
KB Financial Group Inc. | Deferred grant in 2016 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Deferred grant in 2017 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Deferred grant in 2017 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
KB Financial Group Inc. | Deferred grant in 2017 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Deferred Grant In 2018 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Deferred Grant In 2018 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
KB Financial Group Inc. | Deferred Grant In 2018 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Deferred Grant In 2019 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Deferred Grant In 2019 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
KB Financial Group Inc. | Deferred Grant In 2019 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
KB Financial Group Inc. | Deferred Grant In 2020 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Deferred Grant In 2020 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,969 | |
KB Financial Group Inc. | Deferred Grant In 2020 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 42,065 | |
KB Financial Group Inc. | Stock granted in 2015 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Stock granted in 2015 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 35,895 | |
KB Financial Group Inc. | Stock granted in 2015 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Stock granted in 2016 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Stock granted in 2016 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
KB Financial Group Inc. | Stock granted in 2016 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Stock granted in 2017 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Stock granted in 2017 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
KB Financial Group Inc. | Stock granted in 2017 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Stock granted in 2018 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Stock granted in 2018 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
KB Financial Group Inc. | Stock granted in 2018 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
KB Financial Group Inc. | Stock granted in 2019 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Stock granted in 2019 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
KB Financial Group Inc. | Stock granted in 2019 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
KB Financial Group Inc. | Stock granted in 2020 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
KB Financial Group Inc. | Stock granted in 2020 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
KB Financial Group Inc. | Stock granted in 2020 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 42,065 | |
Kookmin Bank | Series 75 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Series 75 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 38,789 | |
Fair value (Non-market performance condition) | 38,789 | |
Kookmin Bank | Series 75 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Series 76 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Series 76 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 37,324 | |
Fair value (Non-market performance condition) | 37,324 | |
Kookmin Bank | Series 76 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 41,899 | |
Fair value (Non-market performance condition) | ₩ 41,899 | |
Kookmin Bank | Series 77 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Series 77 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 37,324 | |
Fair value (Non-market performance condition) | 37,324 | |
Kookmin Bank | Series 77 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 41,899 | |
Fair value (Non-market performance condition) | ₩ 41,899 | |
Kookmin Bank | Series 78 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Series 78 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 36,370 | |
Fair value (Non-market performance condition) | 37,324 | |
Kookmin Bank | Series 78 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 40,828 | |
Fair value (Non-market performance condition) | ₩ 41,899 | |
Kookmin Bank | Series 79 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Series 79 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 37,324 | |
Fair value (Non-market performance condition) | 37,324 | |
Kookmin Bank | Series 79 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Series 80 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Series 80 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 35,895 | |
Fair value (Non-market performance condition) | 35,895 | |
Kookmin Bank | Series 80 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 40,299 | |
Fair value (Non-market performance condition) | ₩ 40,299 | |
Kookmin Bank | Deferred grant in 2015 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Deferred grant in 2015 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 41,899 | |
Kookmin Bank | Deferred grant in 2015 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Deferred grant in 2016 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Deferred grant in 2016 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
Kookmin Bank | Deferred grant in 2016 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Deferred grant in 2017 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Deferred grant in 2017 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
Kookmin Bank | Deferred grant in 2017 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Deferred Grant In 2018 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Deferred Grant In 2018 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
Kookmin Bank | Deferred Grant In 2018 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Deferred Grant In 2019 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Deferred Grant In 2019 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
Kookmin Bank | Deferred Grant In 2019 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Stock granted in 2015 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Stock granted in 2015 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
Kookmin Bank | Stock granted in 2015 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,153 | |
Kookmin Bank | Stock granted in 2016 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Stock granted in 2016 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 37,324 | |
Kookmin Bank | Stock granted in 2016 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 61,294 | |
Kookmin Bank | Stock granted in 2017 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Stock granted in 2017 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
Kookmin Bank | Stock granted in 2017 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
Kookmin Bank | Stock granted in 2018 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Stock granted in 2018 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
Kookmin Bank | Stock granted in 2018 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
Kookmin Bank | Stock granted in 2019 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Stock granted in 2019 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
Kookmin Bank | Stock granted in 2019 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Stock granted in 2020 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Kookmin Bank | Stock granted in 2020 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 38,789 | |
Kookmin Bank | Stock granted in 2020 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 41,899 | |
Other subsidiaries | Stock granted in 2010 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2010 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
Other subsidiaries | Stock granted in 2010 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
Other subsidiaries | Stock granted in 2011 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2011 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
Other subsidiaries | Stock granted in 2011 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
Other subsidiaries | Stock granted in 2012 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2012 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 40,299 | |
Other subsidiaries | Stock granted in 2012 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 41,899 | |
Other subsidiaries | Stock granted in 2013 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2013 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 35,692 | |
Other subsidiaries | Stock granted in 2013 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 41,899 | |
Other subsidiaries | Stock granted in 2014 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2014 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 41,899 | |
Other subsidiaries | Stock granted in 2014 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 41,899 | |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2015 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
Other subsidiaries | Stock granted in 2015 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2016 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 37,324 | |
Other subsidiaries | Stock granted in 2016 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 56,293 | |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2017 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
Other subsidiaries | Stock granted in 2017 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 61,294 | |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2018 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 33,612 | |
Fair value (Non-market performance condition) | 35,895 | |
Other subsidiaries | Stock granted in 2018 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 44,072 | |
Fair value (Non-market performance condition) | ₩ 47,631 | |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2019 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 37,324 | |
Fair value (Non-market performance condition) | 34,581 | |
Other subsidiaries | Stock granted in 2019 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 47,631 | |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2020 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | ₩ 35,780 | |
Fair value (Non-market performance condition) | 35,895 | |
Other subsidiaries | Stock granted in 2020 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Market performance condition) | 45,096 | |
Fair value (Non-market performance condition) | ₩ 45,096 | |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2015 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
Other subsidiaries | Stock granted in 2015 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2016 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
Other subsidiaries | Stock granted in 2016 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2017 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
Other subsidiaries | Stock granted in 2017 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2018 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
Other subsidiaries | Stock granted in 2018 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 47,631 | |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2019 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 34,581 | |
Other subsidiaries | Stock granted in 2019 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Risk free rate (%) | 0.74% | |
Other subsidiaries | Stock granted in 2020 | Bottom Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 35,895 | |
Other subsidiaries | Stock granted in 2020 | Top Of Range Member [Member] | ||
Disclosure Of Indirect Measurement Of Fair Value Of Goods Or Services Received Share Grants During Period Line Items [Line Items] | ||
Fair value (Non-market performance condition) | ₩ 43,147 |
General and Administrative Ex_6
General and Administrative Expenses_Details Of Mileage Stock(Details) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020KRW (₩)shares | Dec. 31, 2019KRW (₩) | ||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Number of granted shares | [1] | 78,706 | |
Remaining shares | 65,944 | ||
Explanation Of Effect Of Mileage Stock On Financial Positions | Mileage stock is exercisable for two years after one year from the grant date. When the mileage stock is exercised, the closing price of prior month is applied. However, in case of transfer or retirement during the vesting period, mileage stock is exercisable at the closing price of the last month prior to transfer or retirement. | ||
Liabilities From Mileage Stock | ₩ | ₩ 2,862 | ₩ 2,705 | |
Explanation Of Effect Of Mileage Stock On Profit Or Loss | The shares are assessed based on the stock price as of December 31, 2020. These shares are vested immediately at grant date. | ||
Expense From Mileage Stock Transactions With Employees | ₩ | ₩ 1,086 | ₩ 1,334 | |
Stock Granted in 201801 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Jan. 10, 2018 | ||
Number of granted shares | [1] | 19,197 | |
Expected exercise period (Years) | [2] | 0.02 | |
Remaining shares | 13,522 | ||
Stock Granted in 201802 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Feb. 12, 2018 | ||
Number of granted shares | [1] | 9 | |
Expected exercise period (Years) | [2] | 0.12 | |
Remaining shares | 3 | ||
Stock Granted in 201803 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Apr. 2, 2018 | ||
Number of granted shares | [1] | 115 | |
Expected exercise period (Years) | [2] | 0.25 | |
Remaining shares | 82 | ||
Stock Granted in 201804 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Apr. 30, 2018 | ||
Number of granted shares | [1] | 86 | |
Expected exercise period (Years) | [2] | 0.33 | |
Remaining shares | 49 | ||
Stock Granted in 201805 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | May 8, 2018 | ||
Number of granted shares | [1] | 170 | |
Expected exercise period (Years) | [2] | 0.35 | |
Remaining shares | 140 | ||
Stock Granted in 201806 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Jun. 1, 2018 | ||
Number of granted shares | [1] | 140 | |
Expected exercise period (Years) | [2] | 0.41 | |
Remaining shares | 106 | ||
Stock Granted in 201807 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Jul. 2, 2018 | ||
Number of granted shares | [1] | 180 | |
Expected exercise period (Years) | [2] | 0.5 | |
Remaining shares | 123 | ||
Stock Granted in 201808 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Aug. 7, 2018 | ||
Number of granted shares | [1] | 194 | |
Expected exercise period (Years) | [2] | 0.6 | |
Remaining shares | 149 | ||
Stock Granted in 201809 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Aug. 9, 2018 | ||
Number of granted shares | [1] | 47 | |
Expected exercise period (Years) | [2] | 0.6 | |
Remaining shares | 31 | ||
Stock Granted in 201810 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Aug. 14, 2018 | ||
Number of granted shares | [1] | 30 | |
Expected exercise period (Years) | [2] | 0.62 | |
Remaining shares | 26 | ||
Stock Granted in 201811 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Aug. 16, 2018 | ||
Number of granted shares | [1] | 130 | |
Expected exercise period (Years) | [2] | 0.62 | |
Remaining shares | 93 | ||
Stock Granted in 201812 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Sep. 7, 2018 | ||
Number of granted shares | [1] | 106 | |
Expected exercise period (Years) | [2] | 0.68 | |
Remaining shares | 77 | ||
Stock Granted in 201813 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Oct. 4, 2018 | ||
Number of granted shares | [1] | 129 | |
Expected exercise period (Years) | [2] | 0.76 | |
Remaining shares | 78 | ||
Stock Granted in 201814 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Nov. 1, 2018 | ||
Number of granted shares | [1] | 258 | |
Expected exercise period (Years) | [2] | 0.83 | |
Remaining shares | 200 | ||
Stock Granted in 201815 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Nov. 6, 2018 | ||
Number of granted shares | [1] | 236 | |
Expected exercise period (Years) | [2] | 0.85 | |
Remaining shares | 168 | ||
Stock Granted in 201816 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 3, 2018 | ||
Number of granted shares | [1] | 132 | |
Expected exercise period (Years) | [2] | 0.92 | |
Remaining shares | 127 | ||
Stock Granted in 201817 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 4, 2018 | ||
Number of granted shares | [1] | 21 | |
Expected exercise period (Years) | [2] | 0.92 | |
Remaining shares | 21 | ||
Stock Granted in 201818 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 7, 2018 | ||
Number of granted shares | [1] | 91 | |
Expected exercise period (Years) | [2] | 0.93 | |
Remaining shares | 78 | ||
Stock Granted in 201819 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 12, 2018 | ||
Number of granted shares | [1] | 64 | |
Expected exercise period (Years) | [2] | 0.95 | |
Remaining shares | 32 | ||
Stock Granted in 201820 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 18, 2018 | ||
Number of granted shares | [1] | 271 | |
Expected exercise period (Years) | [2] | 0.96 | |
Remaining shares | 237 | ||
Stock Granted in 201821 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 19, 2018 | ||
Number of granted shares | [1] | 42 | |
Expected exercise period (Years) | [2] | 0.96 | |
Remaining shares | 34 | ||
Stock Granted in 201822 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 31, 2018 | ||
Number of granted shares | [1] | 127 | |
Expected exercise period (Years) | [2] | 1 | |
Remaining shares | 106 | ||
Stock Granted in 201901 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Jan. 11, 2019 | ||
Number of granted shares | [1] | 26,580 | |
Expected exercise period (Years) | [2] | 1.03 | |
Remaining shares | 21,231 | ||
Stock Granted in 201902 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Feb. 1, 2019 | ||
Number of granted shares | [1] | 12 | |
Expected exercise period (Years) | [2] | 1.08 | |
Remaining shares | 8 | ||
Stock Granted in 201903 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Apr. 1, 2019 | ||
Number of granted shares | [1] | 167 | |
Expected exercise period (Years) | [2] | 1.25 | |
Remaining shares | 96 | ||
Stock Granted in 201904 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Apr. 18, 2019 | ||
Number of granted shares | [1] | 105 | |
Expected exercise period (Years) | [2] | 1.29 | |
Remaining shares | 81 | ||
Stock Granted in 201905 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Apr. 22, 2019 | ||
Number of granted shares | [1] | 33 | |
Expected exercise period (Years) | [2] | 1.3 | |
Remaining shares | 33 | ||
Stock Granted in 201906 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Jul. 1, 2019 | ||
Number of granted shares | [1] | 109 | |
Expected exercise period (Years) | [2] | 1.5 | |
Remaining shares | 87 | ||
Stock Granted in 201907 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Aug. 29, 2019 | ||
Number of granted shares | [1] | 39 | |
Expected exercise period (Years) | [2] | 1.66 | |
Remaining shares | 39 | ||
Stock Granted in 201908 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Sep. 2, 2019 | ||
Number of granted shares | [1] | 50 | |
Expected exercise period (Years) | [2] | 1.67 | |
Remaining shares | 50 | ||
Stock Granted in 201909 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Nov. 1, 2019 | ||
Number of granted shares | [1] | 119 | |
Expected exercise period (Years) | [2] | 1.83 | |
Remaining shares | 95 | ||
Stock Granted in 201910 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Nov. 8, 2019 | ||
Number of granted shares | [1] | 14 | |
Expected exercise period (Years) | [2] | 1.85 | |
Remaining shares | 14 | ||
Stock Granted in 201911 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 5, 2019 | ||
Number of granted shares | [1] | 56 | |
Expected exercise period (Years) | [2] | 1.93 | |
Remaining shares | 54 | ||
Stock Granted in 201912 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 6, 2019 | ||
Number of granted shares | [1] | 84 | |
Expected exercise period (Years) | [2] | 1.93 | |
Remaining shares | 84 | ||
Stock Granted in 201913 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 31, 2019 | ||
Number of granted shares | [1] | 87 | |
Expected exercise period (Years) | [2] | 2 | |
Remaining shares | 87 | ||
Stock Granted in 202001 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Jan. 18, 2020 | ||
Number of granted shares | [1] | 28,645 | |
Expected exercise period (Years) | [2] | 2.05 | |
Remaining shares | 27,672 | ||
Stock Granted in 202002 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | May 12, 2020 | ||
Number of granted shares | [1] | 46 | |
Expected exercise period (Years) | [2] | 2.36 | |
Remaining shares | 46 | ||
Stock Granted in 202003 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Jun. 30, 2020 | ||
Number of granted shares | [1] | 206 | |
Expected exercise period (Years) | [2] | 2.5 | |
Remaining shares | 206 | ||
Stock Granted in 202004 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Aug. 26, 2020 | ||
Number of granted shares | [1] | 40 | |
Expected exercise period (Years) | [2] | 2.65 | |
Remaining shares | 40 | ||
Stock Granted in 202005 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Oct. 29, 2020 | ||
Number of granted shares | [1] | 160 | |
Expected exercise period (Years) | [2] | 2.83 | |
Remaining shares | 160 | ||
Stock Granted in 202006 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Nov. 6, 2020 | ||
Number of granted shares | [1] | 45 | |
Expected exercise period (Years) | [2] | 2.85 | |
Remaining shares | 45 | ||
Stock Granted in 202007 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Nov. 30, 2020 | ||
Number of granted shares | [1] | 35 | |
Expected exercise period (Years) | [2] | 2.92 | |
Remaining shares | 35 | ||
Stock Granted in 202008 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 2, 2020 | ||
Number of granted shares | [1] | 57 | |
Expected exercise period (Years) | [2] | 2.92 | |
Remaining shares | 57 | ||
Stock Granted in 202009 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 4, 2020 | ||
Number of granted shares | [1] | 154 | |
Expected exercise period (Years) | [2] | 2.93 | |
Remaining shares | 154 | ||
Stock Granted in 202010 | |||
Disclosure Of Terms And Conditions Of Mileage Stock Line Items [Line Items] | |||
Grant date | Dec. 30, 2020 | ||
Number of granted shares | [1] | 88 | |
Expected exercise period (Years) | [2] | 3 | |
Remaining shares | 88 | ||
[1] | Mileage stock is exercisable for two years after one year from the grant date. When the mileage stock is exercised, the closing price of prior month is applied. However, in case of transfer or retirement during the vesting period, mileage stock is exercisable at the closing price of the last month prior to transfer or retirement. | ||
[2] | The shares are assessed based on the stock price as of December 31, 2020. These shares are vested immediately at grant date. |
General And Aministrative Expen
General And Aministrative Expenses_Details Of Long Term Share Based Payments(Details) | 12 Months Ended |
Dec. 31, 2020KRW (₩)shares | |
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement Line Items [Line Items] | |
Grant date | Granted in 2020 |
Type of payment | Cash-settled |
Vested shares | shares | 16,800 |
Expected exercise period (years) | 3 |
Valuation method | MonteCarlo Simulation Model |
Vesting Condition | Services fulfillment |
Risk-free rate (%) | 0.741% |
Fair value (Market performance condition) | ₩ 0 |
Fair value (Non-market performance condition) | ₩ 38,789 |
Information about how fair value was measured | The Group used the volatility of the stock price over the previous year as the expected volatility, and used the arithmetic mean of the dividend rate of one year before, two years before, and three years before the base year as the dividend rate, and used one-year risk-free rate of Korea Treasury Bond in order to calculate fair value. |
Liabilities From Long-Term Share Based Payments | ₩ 652,000,000 |
Expense From Long Term Share Based Payments Transactions | ₩ 652,000,000 |
Non-operating Income and Expe_3
Non-operating Income and Expenses_Details Of Other Nonoperating Income And Expenses(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Non-operating income | |||||
Gain on disposal of property and equipment | ₩ 111,132 | ₩ 35,747 | ₩ 34,238 | ||
Rental Income | 113,075 | 85,720 | 55,321 | ||
Gains on bargain purchase | [1] | 145,067 | $ 133,566 | 0 | 0 |
Gain on sales of disposal group held for sale | 0 | 2,731 | 118,716 | ||
Others | 96,931 | 84,793 | 37,122 | ||
Sub-total | 466,205 | 208,991 | 245,397 | ||
Non-operating expenses | |||||
Loss on disposal of property and equipment | 11,945 | 8,587 | 6,131 | ||
Donation | 113,083 | 102,711 | 130,249 | ||
Restoration Cost | 5,043 | 2,902 | 4,386 | ||
Management cost for written-off loans | 3,018 | 3,382 | 3,338 | ||
Others | 143,726 | 64,523 | 91,502 | ||
Sub-total | 276,815 | 182,105 | 235,606 | ||
Net non-operating income | [2] | ₩ 189,390 | $ 174,374 | ₩ 26,886 | ₩ 9,791 |
[1] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[2] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Income Tax Expense_Income Tax E
Income Tax Expense_Income Tax Expense(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Tax payable | |||||
Current tax expense | ₩ 1,099,171 | ₩ 1,043,047 | ₩ 1,096,600 | ||
Adjustments of tax of prior years recognized in current tax | (13,434) | (51,130) | 22,925 | ||
Sub-total | 1,085,737 | 991,917 | 1,119,525 | ||
Changes in deferred income tax assets (liabilities) | [1] | 323,032 | 285,820 | 114,345 | |
Income Tax Effects Allocated Directly To Equity [Abstract] | |||||
Remeasurements of net defined benefit liabilities | 3,792 | 21,172 | 52,377 | ||
Exchange differences on translating foreign operations | 14,988 | (5,714) | (13,087) | ||
Net gains or losses on financial instruments at fair value through other comprehensive income | (88,907) | (13,168) | (33,329) | ||
Shares of other comprehensive income or loss of associates and joint ventures | 2,976 | (3,147) | 1,374 | ||
Gains or losses on cash flow hedging instruments | 7,580 | 10,537 | 400 | ||
Gains or losses on hedging instruments of net investments in foreign operations | (24,500) | 3,194 | 10,292 | ||
Other comprehensive income or loss arising from separate account | 3,671 | (1,301) | (10,864) | ||
Fair value changes on financial liabilities designated at fair value due to own credit risk | (3,350) | 4,294 | (563) | ||
Net gains or losses on overlay approach adjustment | (61,637) | (72,817) | (884) | ||
Consideration for exchangeable rights | (4,526) | 0 | 0 | ||
Sub-total | (149,913) | (56,950) | 5,716 | ||
Others | 495 | 0 | 0 | ||
Income tax expense | [2] | ₩ 1,259,351 | $ 1,159,506 | ₩ 1,220,787 | ₩ 1,239,586 |
[1] | Effect of business combination is excluded. | ||||
[2] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Income Tax Expense_An Analysis
Income Tax Expense_An Analysis Of The Net Profit Before Income Tax And Income Tax Expense(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Reconciliation Of Average Effective Tax Rate And Applicable Tax Rate Abstract [Abstract] | |||||
Profit before tax | [1] | ₩ 4,761,632 | $ 4,384,116 | ₩ 4,533,986 | ₩ 4,301,532 |
Tax at the applicable tax rate (Amount) | [2] | 1,299,087 | 1,236,484 | 1,172,559 | |
Non-taxable income (Amount) | (73,855) | (23,601) | (11,888) | ||
Non-deductible expense (Amount) | 16,541 | 19,086 | 27,551 | ||
Tax credit and tax exemption (Amount) | (4,016) | (627) | (637) | ||
Temporary difference for which no deferred tax is recognized (Amount) | 22,189 | (4,860) | 12,260 | ||
Changes in recognition and measurement of deferred tax (Amount) | 11,616 | (100) | (2,692) | ||
Income tax refund for tax of prior years (Amount) | (22,139) | (9,105) | (8,135) | ||
Income tax expense of overseas branch (Amount) | 10,739 | 5,004 | 3,882 | ||
Effects from change in tax rate (Amount) | 0 | 0 | (1,470) | ||
Others (Amount) | (811) | (1,494) | 48,156 | ||
Average effective tax expense | [1] | ₩ 1,259,351 | $ 1,159,506 | ₩ 1,220,787 | ₩ 1,239,586 |
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation Abstract [Abstract] | |||||
Tax at the applicable tax rate (Tax rate) | [2] | 27.28% | 27.28% | 27.27% | 27.26% |
Non-taxable income (Tax rate) | (1.55%) | (1.55%) | (0.52%) | (0.28%) | |
Non-deductible expense (Tax rate) | 0.35% | 0.35% | 0.42% | 0.64% | |
Tax credit and tax exemption (Tax rate) | (0.08%) | (0.08%) | (0.01%) | (0.01%) | |
Temporary difference for which no deferred tax is recognized (Tax rate) | 0.47% | 0.47% | (0.11%) | 0.29% | |
Changes in recognition and measurement of deferred tax (Tax rate) | 0.24% | 0.24% | 0.00% | (0.06%) | |
Income tax refund for tax of prior years (Tax rate) | (0.46%) | (0.46%) | (0.20%) | (0.19%) | |
Income tax expense of overseas branch (Tax rate) | 0.23% | 0.23% | 0.11% | 0.09% | |
Effects from change in tax rate (Tax rate) | 0.00% | 0.00% | 0.00% | (0.03%) | |
Others (Tax rate) | (0.02%) | (0.02%) | (0.03%) | 1.12% | |
Average effective tax rate | 26.45% | 26.45% | 26.93% | 28.82% | |
Description Of Applicable Tax Rate By Taxable Income | Applicable income tax rate for KRW 200 million and below is 11%, for over KRW 200 million to KRW 20 billion is 22%, for over KRW 20 billion to KRW 300 billion is 24.2% and for over KRW 300 billion is 27.5% for the years ended December 31, 2018, 2019 and 2020. | Applicable income tax rate for KRW 200 million and below is 11%, for over KRW 200 million to KRW 20 billion is 22%, for over KRW 20 billion to KRW 300 billion is 24.2% and for over KRW 300 billion is 27.5% for the years ended December 31, 2018, 2019 and 2020. | Applicable income tax rate for KRW 200 million and below is 11%, for over KRW 200 million to KRW 20 billion is 22%, for over KRW 20 billion to KRW 300 billion is 24.2% and for over KRW 300 billion is 27.5% for the years ended December 31, 2018, 2019 and 2020. | Applicable income tax rate for KRW 200 million and below is 11%, for over KRW 200 million to KRW 20 billion is 22%, for over KRW 20 billion to KRW 300 billion is 24.2% and for over KRW 300 billion is 27.5% for the years ended December 31, 2018, 2019 and 2020. | |
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[2] | Applicable income tax rate for KRW 200 million and below is 11%, for over KRW 200 million to KRW 20 billion is 22%, for over KRW 20 billion to KRW 300 billion is 24.2% and for over KRW 300 billion is 27.5% for the years ended December 31, 2018, 2019 and 2020. |
Dividends_Dividends(Details)
Dividends_Dividends(Details) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Dividends Abstract [Abstract] | ||
Dividends Recognised As Distributions To Owners Of Parent | ₩ 861,092 | ₩ 759,736 |
Dividends Recognised As Distributions To Owners Per Share | ₩ 2,210 | ₩ 1,920 |
Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | ₩ 689,653 | |
Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | ₩ 1,770 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income_Details Of Accumulated Other Comprehensive Income (Loss)(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | |
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | ₩ 348,021 | ₩ 177,806 | ||
Changes except for reclassification | 865,957 | 275,038 | ||
Reclassification to profit or loss | (129,844) | (73,356) | ||
Transfer to retained earnings | (326,410) | 25,483 | ||
Tax effect | (145,387) | (56,950) | ₩ 5,716 | |
Ending | 612,337 | $ 563,789 | 348,021 | 177,806 |
Remeasurements of net defined benefit liabilities | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | (290,228) | (234,401) | ||
Changes except for reclassification | (13,888) | (76,999) | ||
Reclassification to profit or loss | 0 | 0 | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | 3,792 | 21,172 | ||
Ending | (300,324) | (290,228) | (234,401) | |
Exchange differences on translating foreign operations | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | 31,793 | (5,784) | ||
Changes except for reclassification | (177,894) | 37,938 | ||
Reclassification to profit or loss | 0 | 5,353 | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | 14,988 | (5,714) | ||
Ending | (131,113) | 31,793 | (5,784) | |
Net gains on financial instruments at fair value through other comprehensive income | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | 487,331 | 450,694 | ||
Changes except for reclassification | 757,236 | 106,984 | ||
Reclassification to profit or loss | (112,020) | (82,662) | ||
Transfer to retained earnings | (326,410) | 25,483 | ||
Tax effect | (88,907) | (13,168) | ||
Ending | 717,230 | 487,331 | 450,694 | |
Share of other comprehensive income (loss) of associates and joint ventures | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | 3,318 | (4,377) | ||
Changes except for reclassification | (3,923) | 10,842 | ||
Reclassification to profit or loss | (5,900) | 0 | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | 2,976 | (3,147) | ||
Ending | (3,529) | 3,318 | (4,377) | |
Gains (losses) on cash flow hedging instruments | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | (27,333) | 5,849 | ||
Changes except for reclassification | (48,034) | (65,323) | ||
Reclassification to profit or loss | 39,190 | 21,604 | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | 7,580 | 10,537 | ||
Ending | (28,597) | (27,333) | 5,849 | |
Gains (losses) on hedging instruments of net investments in foreign operations | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | (41,992) | (33,092) | ||
Changes except for reclassification | 88,769 | (13,410) | ||
Reclassification to profit or loss | 0 | 1,316 | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | (24,500) | 3,194 | ||
Ending | 22,277 | (41,992) | (33,092) | |
Other comprehensive income arising from separate account | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | 18,381 | 15,017 | ||
Changes except for reclassification | 2,834 | 21,029 | ||
Reclassification to profit or loss | (16,188) | (16,364) | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | 3,671 | (1,301) | ||
Ending | 8,698 | 18,381 | 15,017 | |
Fair value changes on financial liabilities designated at fair value due to own credit risk | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | (20,326) | (8,954) | ||
Changes except for reclassification | 12,169 | (15,666) | ||
Reclassification to profit or loss | 0 | 0 | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | (3,350) | 4,294 | ||
Ending | (11,507) | (20,326) | (8,954) | |
Net gains (losses) on overlay approach adjustment | ||||
Disclosure Of Analysis Of Other Comprehensive Income By Item Line Items [Line Items] | ||||
Beginning | 187,077 | (7,146) | ||
Changes except for reclassification | 248,688 | 269,643 | ||
Reclassification to profit or loss | (34,926) | (2,603) | ||
Transfer to retained earnings | 0 | 0 | ||
Tax effect | (61,637) | (72,817) | ||
Ending | ₩ 339,202 | ₩ 187,077 | ₩ (7,146) |
Earnings per Share_Basic Earnin
Earnings per Share_Basic Earnings per Share(Details) | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩)₩ / sharesshares | Dec. 31, 2020$ / sharesshares | Dec. 31, 2019KRW (₩)₩ / sharesshares | Dec. 31, 2018KRW (₩)₩ / sharesshares | ||
Earnings per share | |||||
Weighted average number of ordinary shares outstanding (B) | 389,634,335 | 391,131,683 | 396,499,958 | ||
Profit attributable to shareholders of the Parent Company | ₩ | ₩ 3,455,151,501,224 | ₩ 3,311,827,412,557 | ₩ 3,061,191,387,929 | ||
Deduction: Dividends on hybrid securities | ₩ | 22,859,500,000 | 6,512,500,000 | 0 | ||
Profit attributable to the ordinary equity holders of the Parent Company (A) | ₩ | ₩ 3,432,292,001,224 | ₩ 3,305,314,912,557 | ₩ 3,061,191,387,929 | ||
Basic earnings per share (C = A / B) | (per share) | [1] | ₩ 8,809 | $ 8.11 | ₩ 8,451 | ₩ 7,721 |
Number of shares | |||||
Earnings per share | |||||
Number of issued ordinary shares | 415,807,920 | 415,807,920 | 415,807,920 | 418,111,537 | |
Number of treasury shares | (26,173,585) | (26,173,585) | (26,173,585) | (22,560,240) | |
Average number of ordinary shares outstanding | 389,634,335 | 389,634,335 | 389,634,335 | 395,551,297 | |
Accumulated Amount | |||||
Earnings per share | |||||
Number of issued ordinary shares | 152,185,698,720 | 152,185,698,720 | 152,564,638,665 | 152,610,711,005 | |
Number of treasury shares | (9,579,532,110) | (9,579,532,110) | (9,801,574,522) | (7,888,226,378) | |
Average number of ordinary shares outstanding | 142,606,166,610 | 142,606,166,610 | 142,763,064,143 | 144,722,484,627 | |
Number Of Days | 366 | 365 | 365 | ||
Weighted average number of ordinary shares outstanding (B) | 389,634,335 | 391,131,683 | 396,499,958 | ||
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Earnings per Share_Diluted Earn
Earnings per Share_Diluted Earnings Per Share(Details) | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩)₩ / sharesshares | Dec. 31, 2020$ / shares | Dec. 31, 2019KRW (₩)₩ / sharesshares | Dec. 31, 2018KRW (₩)₩ / sharesshares | ||
Basic And Diluted Earnings Per Share Abstract [Abstract] | |||||
Explanation Of Adjustments Between Denominators Used To Calculate Basic And Diluted Earnings Per Share | A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. In addition, exchangeable bonds issued for the year ended December 31, 2020, were included in potential ordinary shares from the exercisable date of the exchange right, and interest expenses after tax for the period were added to profit for diluted earnings per share. | A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. | A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. | ||
Profit Loss Attributable To Ordinary Equity Holders Of Parent Entity Including Dilutive Effects Abstract [Abstract] | |||||
Profit attributable to shareholders of the Parent Company | ₩ 3,455,151,501,224 | ₩ 3,311,827,412,557 | ₩ 3,061,191,387,929 | ||
Deduction: Dividends on hybrid securities | 22,859,500,000 | 6,512,500,000 | 0 | ||
Profit attributable to the ordinary equity holders of the Parent Company | 3,432,292,001,224 | 3,305,314,912,557 | 3,061,191,387,929 | ||
Adjustments: Interest expense on exchangeable bonds | 798,012,332 | 0 | 0 | ||
Adjusted profit for diluted earnings per share | ₩ 3,433,090,013,556 | ₩ 3,305,314,912,557 | ₩ 3,061,191,387,929 | ||
Weighted Average Shares And Adjusted Weighted Average Shares Abstract | |||||
Weighted average number of ordinary shares outstanding | shares | 389,634,335 | 391,131,683 | 396,499,958 | ||
Stock grants | shares | 3,416,737 | 2,890,513 | 2,307,630 | ||
Exchangeable bonds | shares | 1,707,650 | 0 | 0 | ||
Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share | shares | 394,758,722 | 394,022,196 | 398,807,588 | ||
Basic and diluted earnings per share [Abstract] | |||||
Adjusted profit for diluted earnings per share | ₩ 3,433,090,013,556 | ₩ 3,305,314,912,557 | ₩ 3,061,191,387,929 | ||
Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share | shares | 394,758,722 | 394,022,196 | 398,807,588 | ||
Diluted earnings per share | (per share) | [1] | ₩ 8,697 | $ 8.01 | ₩ 8,389 | ₩ 7,676 |
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Insurance Contracts_Details Of
Insurance Contracts_Details Of Deferred Acquisition Costs Included In Other Assets(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Deferred Acquisition Costs Arising From Insurance Contracts LineItems[Line Items] | |||
Total | ₩ 1,170,972 | ₩ 921,365 | ₩ 667,124 |
Non-life insurance | |||
Deferred Acquisition Costs Arising From Insurance Contracts LineItems[Line Items] | |||
Total | 965,683 | 786,626 | 547,831 |
Life insurance | |||
Deferred Acquisition Costs Arising From Insurance Contracts LineItems[Line Items] | |||
Total | ₩ 205,289 | ₩ 134,739 | ₩ 119,293 |
Insurance Contracts_Changes In
Insurance Contracts_Changes In The Deferred Acquisition Costs(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Reconciliation Of Changes In Deferred Acquisition Costs Arising From Insurance Contracts LineItems [Line Items] | |||
Beginning | ₩ 921,365 | ₩ 667,124 | |
Increase | 1,017,240 | 933,520 | |
Amortization | (767,633) | (679,279) | ₩ (606,073) |
Ending | 1,170,972 | 921,365 | 667,124 |
Non-life insurance | |||
Reconciliation Of Changes In Deferred Acquisition Costs Arising From Insurance Contracts LineItems [Line Items] | |||
Beginning | 786,626 | 547,831 | |
Increase | 872,811 | 815,712 | |
Amortization | (693,754) | (576,917) | |
Ending | 965,683 | 786,626 | 547,831 |
Life insurance | |||
Reconciliation Of Changes In Deferred Acquisition Costs Arising From Insurance Contracts LineItems [Line Items] | |||
Beginning | 134,739 | 119,293 | |
Increase | 144,429 | 117,808 | |
Amortization | (73,879) | (102,362) | |
Ending | ₩ 205,289 | ₩ 134,739 | ₩ 119,293 |
Insurance Contracts_Details o_2
Insurance Contracts_Details of Reinsurance Assets Included In Other Assets(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | ₩ 1,205,708 | ₩ 740,651 | ₩ 695,753 |
Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 1,206,587 | 742,604 | 697,669 |
Allowances for credit losses | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 879 | 1,953 | 1,916 |
Non-life insurance | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 1,200,233 | 737,150 | 690,909 |
General Insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 732,579 | 361,065 | 360,997 |
General Insurance | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 285,634 | 208,820 | 171,240 |
Automobile insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 14,916 | 16,555 | 18,057 |
Automobile insurance | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 10,870 | 19,952 | 30,864 |
Long-term Insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 156,234 | 130,758 | 109,751 |
Life insurance | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 3,032 | 2,047 | 2,360 |
Life insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 2,081 | 1,639 | 1,912 |
Life insurance | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 951 | 408 | 448 |
Others | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 3,322 | 3,407 | 4,400 |
Others | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | 2,427 | 2,563 | 3,417 |
Others | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | |||
Reinsurance Assets | ₩ 895 | ₩ 844 | ₩ 983 |
Insurance Contracts_The Changes
Insurance Contracts_The Changes In Reinsurance Assets Included In Other Assets(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | ₩ 740,651 | ₩ 695,753 |
Net increase (decrease) | 463,481 | 44,898 |
Business combination | 1,576 | |
Ending | 1,205,708 | 740,651 |
Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 742,604 | 697,669 |
Net increase (decrease) | 462,407 | 44,935 |
Business combination | 1,576 | |
Ending | 1,206,587 | 742,604 |
Allowances for credit losses | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 1,953 | 1,916 |
Net increase (decrease) | (1,074) | 37 |
Business combination | 0 | |
Ending | 879 | 1,953 |
Non-life insurance | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 737,150 | 690,909 |
Net increase (decrease) | 463,083 | 46,241 |
Business combination | 0 | |
Ending | 1,200,233 | 737,150 |
General Insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 361,065 | 360,997 |
Net increase (decrease) | 371,514 | 68 |
Business combination | 0 | |
Ending | 732,579 | 361,065 |
General Insurance | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 208,820 | 171,240 |
Net increase (decrease) | 76,814 | 37,580 |
Business combination | 0 | |
Ending | 285,634 | 208,820 |
Automobile insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 16,555 | 18,057 |
Net increase (decrease) | (1,639) | (1,502) |
Business combination | 0 | |
Ending | 14,916 | 16,555 |
Automobile insurance | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 19,952 | 30,864 |
Net increase (decrease) | (9,082) | (10,912) |
Business combination | 0 | |
Ending | 10,870 | 19,952 |
Long-term Insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 130,758 | 109,751 |
Net increase (decrease) | 25,476 | 21,007 |
Business combination | 0 | |
Ending | 156,234 | 130,758 |
Life insurance | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 2,047 | 2,360 |
Net increase (decrease) | (591) | (313) |
Business combination | 1,576 | |
Ending | 3,032 | 2,047 |
Life insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 1,639 | 1,912 |
Net increase (decrease) | (564) | (273) |
Business combination | 1,006 | |
Ending | 2,081 | 1,639 |
Life insurance | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 408 | 448 |
Net increase (decrease) | (27) | (40) |
Business combination | 570 | |
Ending | 951 | 408 |
Others | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 3,407 | 4,400 |
Net increase (decrease) | (85) | (993) |
Business combination | 0 | |
Ending | 3,322 | 3,407 |
Others | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 2,563 | 3,417 |
Net increase (decrease) | (136) | (854) |
Business combination | 0 | |
Ending | 2,427 | 2,563 |
Others | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets LineItems[Line Items] | ||
Beginning | 844 | 983 |
Net increase (decrease) | 51 | (139) |
Business combination | 0 | |
Ending | ₩ 895 | ₩ 844 |
Insurance Contracts_Details O_3
Insurance Contracts_Details Of Insurance Liabilities(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Disclosure Of Types Of Insurance Contracts Line Items [Line Items] | |||||
Liabilities Arising From Insurance Contracts | ₩ 54,415,296 | $ 50,101,091 | ₩ 34,966,683 | ₩ 33,412,949 | |
Premium reserve | 48,255,485 | [1] | 30,790,854 | ||
Reserve for outstanding claims | 3,140,315 | 2,401,509 | |||
Unearned premium reserve | 1,869,713 | 1,528,275 | |||
Reserve for dividend to policyholders | 170,684 | 146,839 | |||
Reserve for distribution of earnings to policyholders | 56,301 | 51,103 | |||
Reserve for loss compensation on participating insurance | 26,908 | 25,874 | |||
Guarantee reserve | 895,890 | 22,229 | |||
Value Of Business Acquired VOBA | 2,698,010 | ||||
Non-life insurance | |||||
Disclosure Of Types Of Insurance Contracts Line Items [Line Items] | |||||
Liabilities Arising From Insurance Contracts | 29,935,945 | 27,803,775 | |||
Premium reserve | 24,990,530 | [1] | 23,799,607 | ||
Reserve for outstanding claims | 2,885,006 | 2,297,256 | |||
Unearned premium reserve | 1,859,367 | 1,522,827 | |||
Reserve for dividend to policyholders | 129,660 | 117,094 | |||
Reserve for distribution of earnings to policyholders | 51,292 | 46,901 | |||
Reserve for loss compensation on participating insurance | 20,090 | 20,090 | |||
Guarantee reserve | 0 | 0 | |||
Life insurance | |||||
Disclosure Of Types Of Insurance Contracts Line Items [Line Items] | |||||
Liabilities Arising From Insurance Contracts | 24,476,029 | 7,159,500 | |||
Premium reserve | 23,264,955 | [1] | 6,991,247 | ||
Reserve for outstanding claims | 252,883 | 101,690 | |||
Unearned premium reserve | 9,450 | 4,603 | |||
Reserve for dividend to policyholders | 41,024 | 29,745 | |||
Reserve for distribution of earnings to policyholders | 5,009 | 4,202 | |||
Reserve for loss compensation on participating insurance | 6,818 | 5,784 | |||
Guarantee reserve | 895,890 | 22,229 | |||
Others | |||||
Disclosure Of Types Of Insurance Contracts Line Items [Line Items] | |||||
Liabilities Arising From Insurance Contracts | 3,322 | 3,407 | ₩ 4,400 | ||
Premium reserve | 0 | [1] | 0 | ||
Reserve for outstanding claims | 2,426 | 2,563 | |||
Unearned premium reserve | 896 | 845 | |||
Reserve for dividend to policyholders | 0 | 0 | |||
Reserve for distribution of earnings to policyholders | 0 | 0 | |||
Reserve for loss compensation on participating insurance | 0 | 0 | |||
Guarantee reserve | ₩ 0 | ₩ 0 | |||
[1] | Negative VOBA amounting to KRW 2,698,010 million is included. |
Insurance Contracts_Changes I_2
Insurance Contracts_Changes In Insurance Liability(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | ||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | ₩ 34,966,683 | ₩ 33,412,949 | ||
Net increase (decrease) | [1] | 2,695,724 | 1,553,734 | |
Business combination | 16,752,889 | |||
Ending | 54,415,296 | $ 50,101,091 | 34,966,683 | |
Non-life insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 27,803,775 | |||
Ending | 29,935,945 | 27,803,775 | ||
General Insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 1,064,913 | 1,054,823 | ||
Net increase (decrease) | [1] | 503,828 | 10,090 | |
Business combination | 0 | |||
Ending | 1,568,741 | 1,064,913 | ||
Automobile insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 1,623,846 | 1,492,294 | ||
Net increase (decrease) | [1] | 274,026 | 131,552 | |
Business combination | 0 | |||
Ending | 1,897,872 | 1,623,846 | ||
Long-term Insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 25,006,078 | 23,386,279 | ||
Net increase (decrease) | [1] | 1,356,401 | 1,619,799 | |
Business combination | 0 | |||
Ending | 26,362,479 | 25,006,078 | ||
Long-term investment contract | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 108,938 | 110,256 | ||
Net increase (decrease) | [1] | (2,085) | (1,318) | |
Business combination | 0 | |||
Ending | 106,853 | 108,938 | ||
Life Insurance Contracts Member [Member] | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 7,159,500 | |||
Ending | 24,476,029 | 7,159,500 | ||
Pure endowment insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 5,236,128 | 5,233,491 | ||
Net increase (decrease) | [1] | 318,109 | 2,637 | |
Business combination | 2,016,112 | |||
Ending | 7,570,349 | 5,236,128 | ||
Death insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 642,963 | 500,571 | ||
Net increase (decrease) | [1] | 404,456 | 142,392 | |
Business combination | 14,658,632 | |||
Ending | 15,706,051 | 642,963 | ||
Endowment insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 1,270,855 | 1,621,460 | ||
Net increase (decrease) | [1] | (156,688) | (350,605) | |
Business combination | 74,132 | |||
Ending | 1,188,299 | 1,270,855 | ||
Group insurance | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 524 | 735 | ||
Net increase (decrease) | [1] | (1,021) | (211) | |
Business combination | 0 | |||
Ending | (497) | 524 | ||
Other | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | [2] | 9,031 | 8,640 | |
Net increase (decrease) | [1],[2] | (1,217) | 391 | |
Business combination | [2] | 4,013 | ||
Ending | [2] | 11,827 | 9,031 | |
Others | ||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued Line Items [Line Items] | ||||
Beginning | 3,407 | 4,400 | ||
Net increase (decrease) | [1] | (85) | (993) | |
Business combination | 0 | |||
Ending | ₩ 3,322 | ₩ 3,407 | ||
[1] | Includes exchange differences effect and decrease in liabilities related to investment contract. | |||
[2] | Includes reserve for distribution of earnings to policyholders and Reserve for loss compensation on participating insurance. |
Insurance Contracts_Assumptions
Insurance Contracts_Assumptions And Basis For The Insurance Liability Adequacy Test(Details) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
General Insurance | Expense ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 10.74% | 11.38% |
Basis | Ratio of maintenance costs incurred to earned premiums by the types of contracts for the most recent one year | Ratio of maintenance costs incurred to earned premiums by the types of contracts for the most recent one year |
General Insurance | Claim survey cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 4.70% | 4.54% |
Basis | Ratio of claim survey cost to insurance claim payments by the type of contracts for the most recent three years | Ratio of claim survey cost to insurance claim payments by the type of contracts for the most recent three years |
General Insurance | Loss ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 70.74% | 64.95% |
Basis | Ratio of final loss incurred to earned premiums by the type of contracts for the most recent five years | Ratio of final loss incurred to earned premiums by the type of contracts for the most recent five years |
Automobile insurance | Expense ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 9.00% | 9.94% |
Basis | Ratio of maintenance costs incurred to earned premiums by the types of collaterals for the most recent one year | Ratio of maintenance costs incurred to earned premiums by the types of collaterals for the most recent one year |
Automobile insurance | Claim survey cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 8.40% | 8.84% |
Basis | Ratio of claim survey cost to insurance claim payments by the type of collaterals for the most recent three years | Ratio of claim survey cost to insurance claim payments by the type of collaterals for the most recent three years |
Automobile insurance | Loss ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 78.20% | 78.44% |
Basis | Ratio of final loss incurred to earned premiums by the type of collaterals for the most recent five years | Ratio of final loss incurred to earned premiums by the type of collaterals for the most recent five years |
Long-term Insurance | Expense ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 6.46% | 6.60% |
Basis | Calculated using future expense plan based on the most recent one-year experience statistics | Calculated using future expense plan based on the most recent one-year experience statistics |
Long-term Insurance | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Calculated based on the recent five-year experience statistics | Calculated based on the recent five-year experience statistics |
Long-term Insurance | Lapse ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 1.48% | 1.51% |
Long-term Insurance | Lapse ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 35.44% | 34.13% |
Long-term Insurance | Risk Rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics | Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics |
Long-term Insurance | Risk Rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 11.90% | 13.10% |
Long-term Insurance | Risk Rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 1055.20% | 1037.30% |
Long-term Insurance | Discount rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Calculated by applying interest rate scenario which is risk-free rate scenario adjusted by liquidity premium. This is presented by the Financial Supervisory Service | Calculated by applying interest rate scenario which is risk-free rate scenario adjusted by liquidity premium. This is presented by the Financial Supervisory Service |
Long-term Insurance | Discount rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 0.83% | 1.53% |
Long-term Insurance | Discount rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 15.42% | 8.34% |
KB Life Insurance Co., Ltd. | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Ratio of cancelled premiums to premiums by product group, method of payment, channel, and elapsed period, based on the most recent five-year experience statistics | Ratio of cancelled premiums to premiums by product group, method of payment, channel, and elapsed period, based on the most recent five-year experience statistics |
KB Life Insurance Co., Ltd. | Lapse ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 0.00% | 0.00% |
KB Life Insurance Co., Ltd. | Lapse ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 65.50% | 65.39% |
KB Life Insurance Co., Ltd. | Loss ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Ratio of number of accidents to the number of holding insurances, by collateral, gender and elapsed period, based on the most recent seven-year experience statistics | Ratio of number of accidents to the number of holding insurances, by collateral, gender and elapsed period, based on the most recent seven-year experience statistics |
KB Life Insurance Co., Ltd. | Loss ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 24.00% | 11.00% |
KB Life Insurance Co., Ltd. | Loss ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 156.00% | 132.00% |
KB Life Insurance Co., Ltd. | Discount rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread | Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread |
KB Life Insurance Co., Ltd. | Discount rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 0.98% | 1.04% |
KB Life Insurance Co., Ltd. | Discount rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 15.33% | 5.79% |
Prudential Life Insurance Company of Korea Ltd. | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Ratio of cancelled premiums to premiums by product group and elapsed period, based on the most recent five-year experience statistics | |
Prudential Life Insurance Company of Korea Ltd. | Lapse ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 2.00% | |
Prudential Life Insurance Company of Korea Ltd. | Lapse ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 28.00% | |
Prudential Life Insurance Company of Korea Ltd. | Loss ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Calculated by ratio of insurance claim payments to risk premiums based on the recent five-year experience statistics | |
Prudential Life Insurance Company of Korea Ltd. | Loss ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 21.00% | |
Prudential Life Insurance Company of Korea Ltd. | Loss ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 312.00% | |
Prudential Life Insurance Company of Korea Ltd. | Discount rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Basis | Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread | |
Prudential Life Insurance Company of Korea Ltd. | Discount rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 0.85% | |
Prudential Life Insurance Company of Korea Ltd. | Discount rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test LineItems[Line Items] | ||
Assumptions(%) | 16.27% |
Insurance Contracts_The Results
Insurance Contracts_The Results Of Liability Adequacy Test(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Non-life insurance | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | [1] | ₩ 22,716,408 | ₩ 21,264,591 |
Estimated adequate liabilities | 13,646,717 | 12,053,196 | |
Shortfall(surplus) | (9,069,691) | (9,211,395) | |
General Insurance | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | [1] | 461,227 | 365,234 |
Estimated adequate liabilities | 384,780 | 296,801 | |
Shortfall(surplus) | (76,447) | (68,433) | |
Automobile insurance | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | [1] | 1,363,104 | 1,123,450 |
Estimated adequate liabilities | 1,279,587 | 1,071,076 | |
Shortfall(surplus) | (83,517) | (52,374) | |
Long-term Insurance | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | [1] | 20,892,077 | 19,775,907 |
Estimated adequate liabilities | 11,982,350 | 10,685,319 | |
Shortfall(surplus) | (8,909,727) | (9,090,588) | |
KB LifeI nsurance Co., Ltd. [Member] | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 6,878,076 | 6,559,778 | |
Estimated adequate liabilities | 6,077,382 | 6,117,722 | |
Shortfall(surplus) | (800,694) | (442,056) | |
KB LifeI nsurance Co., Ltd. [Member] | Fixed interest type Participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 30,447 | 30,514 | |
Estimated adequate liabilities | 56,125 | 56,460 | |
Shortfall(surplus) | 25,678 | 25,946 | |
KB LifeI nsurance Co., Ltd. [Member] | Fixed interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 395,766 | 180,058 | |
Estimated adequate liabilities | 12,952 | 45,116 | |
Shortfall(surplus) | (382,814) | (134,892) | |
KB LifeI nsurance Co., Ltd. [Member] | Variable interest type Participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 970,376 | 1,037,148 | |
Estimated adequate liabilities | 991,663 | 1,080,830 | |
Shortfall(surplus) | 21,287 | 43,682 | |
KB LifeI nsurance Co., Ltd. [Member] | Variable interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 5,508,172 | 5,335,572 | |
Estimated adequate liabilities | 5,141,265 | 5,069,047 | |
Shortfall(surplus) | (366,907) | (266,525) | |
KB LifeI nsurance Co., Ltd. [Member] | Varibale type | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | (26,685) | (23,514) | |
Estimated adequate liabilities | (124,623) | (133,781) | |
Shortfall(surplus) | (97,938) | ₩ (110,267) | |
Prudential Life Insurance Company of Korea Ltd. [Member] | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 12,204,482 | ||
Estimated adequate liabilities | 9,945,741 | ||
Shortfall(surplus) | (2,258,741) | ||
Prudential Life Insurance Company of Korea Ltd. [Member] | Fixed interest type Participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 75,390 | ||
Estimated adequate liabilities | 83,404 | ||
Shortfall(surplus) | 8,014 | ||
Prudential Life Insurance Company of Korea Ltd. [Member] | Fixed interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 11,037,531 | ||
Estimated adequate liabilities | 10,534,663 | ||
Shortfall(surplus) | (502,868) | ||
Prudential Life Insurance Company of Korea Ltd. [Member] | Variable interest type Participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 0 | ||
Estimated adequate liabilities | 0 | ||
Shortfall(surplus) | 0 | ||
Prudential Life Insurance Company of Korea Ltd. [Member] | Variable interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 721,570 | ||
Estimated adequate liabilities | 547,754 | ||
Shortfall(surplus) | (173,816) | ||
Prudential Life Insurance Company of Korea Ltd. [Member] | Varibale type | |||
Results Of Insurance Liability Adequacy Test LineItems [Line Items] | |||
Recognized liabilities | 369,991 | ||
Estimated adequate liabilities | (1,220,080) | ||
Shortfall(surplus) | ₩ (1,590,071) | ||
[1] | Long-term insurance is for premium reserves and unearned premium reserves; the premium reserve is the amount of subtracting deferred acquisition costs and insurance contract loans from the net insurance premium reserve in accordance with Article 6-3 of the Insurance Supervisory Regulation. |
Insurance Contracts_Insurance I
Insurance Contracts_Insurance Income And Expenses(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Disclosure Of Insurance Income And Expenses | |||||
Sub-total | [1] | ₩ 14,386,640 | $ 13,246,025 | ₩ 12,317,182 | ₩ 11,975,070 |
Premium income | 12,872,727 | 11,173,367 | 10,730,227 | ||
Reinsurance income | 823,500 | 850,871 | 873,053 | ||
Reversal of policy reserves | 85 | 993 | 344 | ||
Separate account income | 216,485 | 216,429 | 360,664 | ||
Income from change in reinsurance assets | 467,729 | 42,432 | 0 | ||
Other insurance income | 6,114 | 33,090 | 10,782 | ||
Sub-total | [1] | 14,086,647 | $ 12,969,816 | 12,017,670 | 11,484,954 |
Insurance claims paid | 5,264,829 | 5,046,772 | 4,415,760 | ||
Dividend expenses | 11,661 | 9,902 | 9,400 | ||
Refunds of surrender value | 3,286,150 | 2,870,543 | 2,855,573 | ||
Reinsurance expenses | 1,127,304 | 1,018,007 | 947,560 | ||
Provision for policy reserves | 2,709,903 | 1,547,264 | 1,608,519 | ||
Separate account expenses | 113,703 | 139,810 | 276,412 | ||
Administration expenses | 563,085 | 453,016 | 418,646 | ||
Amortization of deferred acquisition costs | 767,633 | 679,279 | 606,073 | ||
Expenses from change in reinsurance assets | 163 | 314 | 89,621 | ||
Claim survey expenses paid | 58,873 | 52,123 | 38,782 | ||
Other insurance expenses | 183,343 | 200,640 | 218,608 | ||
Net insurance income | ₩ 299,993 | ₩ 299,512 | ₩ 490,116 | ||
[1] | The consolidated statements of comprehensive income for the years ended December 31, 2020 and 2019 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Insurance Contracts_Insurance R
Insurance Contracts_Insurance Risk Management(Details) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
KB Insurance Co., Ltd. | Non-life insurance | ||
Disclosure Of Nature And Extent Of Risks Arising FromInsuranceContracts LineItems[Line Items] | ||
Purposes, policies and procedures to manage risk arising from insurance contracts | The risks associated with insurance contract that the Group faces are the insurance actuarial risk and the acceptance risk. Each risk occurs due to insurance contract's pricing and conditions of acceptance. In order to minimize acceptance risk, the Group establishes guidelines and procedure for acceptance and outlines specific conditions for acceptance by product. In addition, expected risk level at the date of pricing is compared with actual risk of contracts after acceptance and various subsequent measures such as the adjustments in the interest rate and sales conditions, termination of selling specific product and others are taken in order to reduce insurance actuarial risk. The Group has a committee to discuss status of product acceptance risk and interest rate policy. The committee decides important matters to set the processes that allow minimizing the insurance actuarial risk, the acceptance risk and other business-related risk. In addition, according to reinsurance operating standards, the Group establishes an operating strategy of reinsurance for large claims expense due to unexpected catastrophic events. The Group aims at policy holders' safety and its stable profit achievement. For the long-term goal, the Group manages risk at a comprehensive level to keep its value at the maximum. | The risks associated with insurance contract that the Group faces are the insurance actuarial risk and the acceptance risk. Each risk occurs due to insurance contract's pricing and conditions of acceptance. In order to minimize acceptance risk, the Group establishes guidelines and procedure for acceptance and outlines specific conditions for acceptance by product. In addition, expected risk level at the date of pricing is compared with actual risk of contracts after acceptance and various subsequent measures such as the adjustments in the interest rate and sales conditions, termination of selling specific product and others are taken in order to reduce insurance actuarial risk. The Group has a committee to discuss status of product acceptance risk and interest rate policy. The committee decides important matters to set the processes that allow minimizing the insurance actuarial risk, the acceptance risk and other business-related risk. In addition, according to reinsurance operating standards, the Group establishes an operating strategy of reinsurance for large claims expense due to unexpected catastrophic events. The Group aims at policy holders' safety and its stable profit achievement. For the long-term goal, the Group manages risk at a comprehensive level to keep its value at the maximum. |
KB Life Insurance Co., Ltd. | Life insurance | ||
Disclosure Of Nature And Extent Of Risks Arising FromInsuranceContracts LineItems[Line Items] | ||
Concentration of insurance risk and reinsurance policy | The Group uses reinsurance to mitigate concentration of insurance risk seeking an enhanced capital management. The Group categorized reinsurance into group and individual contracts, and reinsurance is ceded through the following process: (a) In the decision-making process of launching a new product, the Group decides on ceding reinsurance. Subsequently, a reinsurer is selected through bidding, agreements with the relevant departments and final approval by the executive management. (b) The reinsurance department analyses the object of reinsurance, the maximum limit of reinsurance and the loss ratio with the relevant departments. | The Group uses reinsurance to mitigate concentration of insurance risk seeking an enhanced capital management. The Group categorized reinsurance into group and individual contracts, and reinsurance is ceded through the following process: (a) In the decision-making process of launching a new product, the Group decides on ceding reinsurance. Subsequently, a reinsurer is selected through bidding, agreements with the relevant departments and final approval by the executive management. (b) The reinsurance department analyses the object of reinsurance, the maximum limit of reinsurance and the loss ratio with the relevant departments. |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | ||
Disclosure Of Nature And Extent Of Risks Arising FromInsuranceContracts LineItems[Line Items] | ||
Concentration of insurance risk and reinsurance policy | The Group uses reinsurance to mitigate concentration of insurance risk seeking an enhanced capital management. The Group categorized reinsurance into group and individual contracts, and reinsurance is ceded through the following process: (a) In the decision-making process of launching a new product, the Group decides on ceding reinsurance. Subsequently, a reinsurer is selected through bidding, agreements with the relevant departments and final approval by the executive management. (b) The reinsurance department analyses the object of reinsurance, the maximum limit of reinsurance and the loss ratio with the relevant departments. |
Insurance Contracts_Exposure To
Insurance Contracts_Exposure To Non life Insurance Price Risk(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Non-life insurance | ||
Disclosure Of Non Life Insurance Price Risk LineItems [Line Items] | ||
Direct insurance | ₩ 6,383,735 | ₩ 5,651,364 |
Reinsurance assumed | 79,429 | 101,613 |
Reinsurance ceded | (1,100,622) | (987,893) |
Total | 5,362,542 | 4,765,084 |
General Insurance | ||
Disclosure Of Non Life Insurance Price Risk LineItems [Line Items] | ||
Direct insurance | 1,088,791 | 999,348 |
Reinsurance assumed | 79,429 | 101,613 |
Reinsurance ceded | (663,750) | (579,922) |
Total | 504,470 | 521,039 |
Automobile insurance | ||
Disclosure Of Non Life Insurance Price Risk LineItems [Line Items] | ||
Direct insurance | 2,491,412 | 2,101,780 |
Reinsurance assumed | 0 | 0 |
Reinsurance ceded | (21,433) | (40,067) |
Total | 2,469,979 | 2,061,713 |
Long-term Insurance | ||
Disclosure Of Non Life Insurance Price Risk LineItems [Line Items] | ||
Direct insurance | 2,803,532 | 2,550,236 |
Reinsurance assumed | 0 | 0 |
Reinsurance ceded | (415,439) | (367,904) |
Total | ₩ 2,388,093 | ₩ 2,182,332 |
Insurance Contracts_Non life Lo
Insurance Contracts_Non life Loss Development Tables(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
General Insurance | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | ₩ 967,498 | ₩ 859,943 |
Gross cumulative claim payments (B) | 747,072 | 673,573 |
Difference (A-B) | 220,426 | 186,369 |
General Insurance | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 873,840 | 750,199 |
Gross cumulative claim payments (B) | 799,967 | 682,086 |
Difference (A-B) | 73,873 | 68,112 |
General Insurance | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 622,445 | 522,774 |
Gross cumulative claim payments (B) | 591,739 | 493,027 |
Difference (A-B) | 30,706 | 29,747 |
General Insurance | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 384,466 | 325,881 |
Gross cumulative claim payments (B) | 369,578 | 311,571 |
Difference (A-B) | 14,888 | 14,310 |
General Insurance | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 180,160 | 148,995 |
Gross cumulative claim payments (B) | 175,063 | 143,985 |
Difference (A-B) | 5,097 | 5,010 |
General Insurance | 2015.1.1 ~ 2015.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 125,162 | |
Gross cumulative claim payments (B) | 93,443 | |
General Insurance | 2015.1.1 ~ 2015.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 144,566 | |
Gross cumulative claim payments (B) | 129,764 | |
General Insurance | 2015.1.1 ~ 2015.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 147,031 | |
Gross cumulative claim payments (B) | 137,157 | |
General Insurance | 2015.1.1 ~ 2015.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 147,616 | |
Gross cumulative claim payments (B) | 141,218 | |
General Insurance | 2015.1.1 ~ 2015.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 148,995 | |
Gross cumulative claim payments (B) | 143,985 | |
General Insurance | 2016.1.1 ~ 2016.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 145,618 | 145,618 |
Gross cumulative claim payments (B) | 108,098 | 108,098 |
General Insurance | 2016.1.1 ~ 2016.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 167,818 | 167,818 |
Gross cumulative claim payments (B) | 151,282 | 151,283 |
General Insurance | 2016.1.1 ~ 2016.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 171,206 | 171,205 |
Gross cumulative claim payments (B) | 162,059 | 162,059 |
General Insurance | 2016.1.1 ~ 2016.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 178,265 | 178,265 |
Gross cumulative claim payments (B) | 170,353 | 170,353 |
General Insurance | 2016.1.1 ~ 2016.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 180,160 | 0 |
Gross cumulative claim payments (B) | 175,063 | 0 |
General Insurance | 2017.1.1 ~ 2017.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 168,409 | 168,409 |
Gross cumulative claim payments (B) | 132,430 | 132,430 |
General Insurance | 2017.1.1 ~ 2017.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 200,699 | 200,704 |
Gross cumulative claim payments (B) | 184,333 | 184,333 |
General Insurance | 2017.1.1 ~ 2017.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 204,368 | 204,538 |
Gross cumulative claim payments (B) | 193,780 | 193,811 |
General Insurance | 2017.1.1 ~ 2017.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 206,201 | 0 |
Gross cumulative claim payments (B) | 199,225 | 0 |
General Insurance | 2017.1.1 ~ 2017.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
General Insurance | 2018.1.1 ~ 2018.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 200,968 | 200,280 |
Gross cumulative claim payments (B) | 153,770 | 153,770 |
General Insurance | 2018.1.1 ~ 2018.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 241,474 | 237,111 |
Gross cumulative claim payments (B) | 217,955 | 216,705 |
General Insurance | 2018.1.1 ~ 2018.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 246,871 | 0 |
Gross cumulative claim payments (B) | 235,900 | 0 |
General Insurance | 2018.1.1 ~ 2018.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
General Insurance | 2018.1.1 ~ 2018.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
General Insurance | 2019.1.1 ~ 2019.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 219,881 | 220,474 |
Gross cumulative claim payments (B) | 185,645 | 185,832 |
General Insurance | 2019.1.1 ~ 2019.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 263,849 | 0 |
Gross cumulative claim payments (B) | 246,397 | 0 |
General Insurance | 2019.1.1 ~ 2019.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
General Insurance | 2019.1.1 ~ 2019.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
General Insurance | 2019.1.1 ~ 2019.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
General Insurance | 2020.1.1 ~ 2020.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 232,622 | |
Gross cumulative claim payments (B) | 167,129 | |
General Insurance | 2020.1.1 ~ 2020.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
General Insurance | 2020.1.1 ~ 2020.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
General Insurance | 2020.1.1 ~ 2020.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
General Insurance | 2020.1.1 ~ 2020.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Automobile insurance | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 9,706,572 | 9,214,176 |
Gross cumulative claim payments (B) | 8,058,642 | 7,644,412 |
Difference (A-B) | 1,647,930 | 1,569,764 |
Automobile insurance | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 8,162,238 | 7,698,163 |
Gross cumulative claim payments (B) | 7,889,761 | 7,433,630 |
Difference (A-B) | 272,477 | 264,533 |
Automobile insurance | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 6,589,686 | 6,279,145 |
Gross cumulative claim payments (B) | 6,466,455 | 6,155,033 |
Difference (A-B) | 123,231 | 124,112 |
Automobile insurance | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 5,137,820 | 4,949,262 |
Gross cumulative claim payments (B) | 5,074,686 | 4,886,136 |
Difference (A-B) | 63,134 | 63,126 |
Automobile insurance | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 3,779,268 | 3,658,627 |
Gross cumulative claim payments (B) | 3,747,521 | 3,627,384 |
Difference (A-B) | 31,747 | 31,243 |
Automobile insurance | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 2,485,525 | 2,394,038 |
Gross cumulative claim payments (B) | 2,470,416 | 2,384,102 |
Difference (A-B) | 15,109 | 9,936 |
Automobile insurance | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,217,006 | 1,180,458 |
Gross cumulative claim payments (B) | 1,210,632 | 1,178,158 |
Difference (A-B) | 6,374 | 2,300 |
Automobile insurance | 2013.1.1 ~ 2013.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,131,945 | |
Gross cumulative claim payments (B) | 939,569 | |
Automobile insurance | 2013.1.1 ~ 2013.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,156,535 | |
Gross cumulative claim payments (B) | 1,114,063 | |
Automobile insurance | 2013.1.1 ~ 2013.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,170,968 | |
Gross cumulative claim payments (B) | 1,145,110 | |
Automobile insurance | 2013.1.1 ~ 2013.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,179,458 | |
Gross cumulative claim payments (B) | 1,161,624 | |
Automobile insurance | 2013.1.1 ~ 2013.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,179,323 | |
Gross cumulative claim payments (B) | 1,168,617 | |
Automobile insurance | 2013.1.1 ~ 2013.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,179,514 | |
Gross cumulative claim payments (B) | 1,175,681 | |
Automobile insurance | 2013.1.1 ~ 2013.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,180,458 | |
Gross cumulative claim payments (B) | 1,178,158 | |
Automobile insurance | 2014.1.1 ~ 2014.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,174,611 | 1,174,611 |
Gross cumulative claim payments (B) | 969,211 | 969,211 |
Automobile insurance | 2014.1.1 ~ 2014.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,193,833 | 1,193,832 |
Gross cumulative claim payments (B) | 1,150,462 | 1,150,462 |
Automobile insurance | 2014.1.1 ~ 2014.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,205,524 | 1,205,524 |
Gross cumulative claim payments (B) | 1,180,953 | 1,180,953 |
Automobile insurance | 2014.1.1 ~ 2014.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,212,025 | 1,212,025 |
Gross cumulative claim payments (B) | 1,196,387 | 1,196,387 |
Automobile insurance | 2014.1.1 ~ 2014.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,212,162 | 1,212,162 |
Gross cumulative claim payments (B) | 1,204,580 | 1,204,580 |
Automobile insurance | 2014.1.1 ~ 2014.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,214,524 | 1,214,524 |
Gross cumulative claim payments (B) | 1,208,421 | 1,208,421 |
Automobile insurance | 2014.1.1 ~ 2014.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,217,006 | 0 |
Gross cumulative claim payments (B) | 1,210,632 | 0 |
Automobile insurance | 2015.1.1 ~ 2015.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,227,106 | 1,227,106 |
Gross cumulative claim payments (B) | 1,020,975 | 1,020,975 |
Automobile insurance | 2015.1.1 ~ 2015.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,245,780 | 1,245,780 |
Gross cumulative claim payments (B) | 1,198,241 | 1,198,241 |
Automobile insurance | 2015.1.1 ~ 2015.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,256,058 | 1,256,058 |
Gross cumulative claim payments (B) | 1,228,357 | 1,228,357 |
Automobile insurance | 2015.1.1 ~ 2015.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,263,044 | 1,263,044 |
Gross cumulative claim payments (B) | 1,245,779 | 1,245,779 |
Automobile insurance | 2015.1.1 ~ 2015.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,267,142 | 1,267,142 |
Gross cumulative claim payments (B) | 1,254,187 | 1,254,187 |
Automobile insurance | 2015.1.1 ~ 2015.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,271,001 | 0 |
Gross cumulative claim payments (B) | 1,261,995 | 0 |
Automobile insurance | 2015.1.1 ~ 2015.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2016.1.1 ~ 2016.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,276,939 | 1,276,939 |
Gross cumulative claim payments (B) | 1,052,830 | 1,052,830 |
Automobile insurance | 2016.1.1 ~ 2016.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,281,381 | 1,281,381 |
Gross cumulative claim payments (B) | 1,235,656 | 1,235,656 |
Automobile insurance | 2016.1.1 ~ 2016.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,287,728 | 1,287,728 |
Gross cumulative claim payments (B) | 1,264,651 | 1,264,651 |
Automobile insurance | 2016.1.1 ~ 2016.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,294,735 | 1,294,735 |
Gross cumulative claim payments (B) | 1,282,346 | 1,282,346 |
Automobile insurance | 2016.1.1 ~ 2016.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,299,964 | 0 |
Gross cumulative claim payments (B) | 1,288,754 | 0 |
Automobile insurance | 2016.1.1 ~ 2016.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2016.1.1 ~ 2016.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2017.1.1 ~ 2017.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,342,998 | 1,342,998 |
Gross cumulative claim payments (B) | 1,104,158 | 1,104,158 |
Automobile insurance | 2017.1.1 ~ 2017.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,348,828 | 1,348,828 |
Gross cumulative claim payments (B) | 1,306,235 | 1,306,235 |
Automobile insurance | 2017.1.1 ~ 2017.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,358,867 | 1,358,867 |
Gross cumulative claim payments (B) | 1,335,962 | 1,335,962 |
Automobile insurance | 2017.1.1 ~ 2017.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,368,016 | 0 |
Gross cumulative claim payments (B) | 1,350,174 | 0 |
Automobile insurance | 2017.1.1 ~ 2017.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2017.1.1 ~ 2017.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2017.1.1 ~ 2017.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2018.1.1 ~ 2018.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,468,784 | 1,468,784 |
Gross cumulative claim payments (B) | 1,224,820 | 1,224,820 |
Automobile insurance | 2018.1.1 ~ 2018.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,471,807 | 1,471,807 |
Gross cumulative claim payments (B) | 1,428,973 | 1,428,973 |
Automobile insurance | 2018.1.1 ~ 2018.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,481,509 | 0 |
Gross cumulative claim payments (B) | 1,456,532 | 0 |
Automobile insurance | 2018.1.1 ~ 2018.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2018.1.1 ~ 2018.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2018.1.1 ~ 2018.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2018.1.1 ~ 2018.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2019.1.1 ~ 2019.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,591,793 | 1,591,793 |
Gross cumulative claim payments (B) | 1,332,849 | 1,332,849 |
Automobile insurance | 2019.1.1 ~ 2019.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,620,609 | 0 |
Gross cumulative claim payments (B) | 1,570,194 | 0 |
Automobile insurance | 2019.1.1 ~ 2019.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2019.1.1 ~ 2019.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2019.1.1 ~ 2019.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2019.1.1 ~ 2019.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2019.1.1 ~ 2019.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Automobile insurance | 2020.1.1 ~ 2020.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,624,341 | |
Gross cumulative claim payments (B) | 1,353,799 | |
Automobile insurance | 2020.1.1 ~ 2020.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Automobile insurance | 2020.1.1 ~ 2020.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Automobile insurance | 2020.1.1 ~ 2020.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Automobile insurance | 2020.1.1 ~ 2020.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Automobile insurance | 2020.1.1 ~ 2020.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Automobile insurance | 2020.1.1 ~ 2020.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Long-term Insurance | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 8,741,035 | 7,632,320 |
Gross cumulative claim payments (B) | 8,373,482 | 7,295,335 |
Difference (A-B) | 367,553 | 336,985 |
Long-term Insurance | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 9,465,795 | 8,201,550 |
Gross cumulative claim payments (B) | 9,375,248 | 8,117,025 |
Difference (A-B) | 90,547 | 84,525 |
Long-term Insurance | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 7,469,136 | 6,525,247 |
Gross cumulative claim payments (B) | 7,426,879 | 6,483,293 |
Difference (A-B) | 42,257 | 41,954 |
Long-term Insurance | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 5,576,258 | 4,890,136 |
Gross cumulative claim payments (B) | 5,557,422 | 4,873,369 |
Difference (A-B) | 18,836 | 16,767 |
Long-term Insurance | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 3,900,047 | 3,399,184 |
Gross cumulative claim payments (B) | 3,892,929 | 3,392,803 |
Difference (A-B) | 7,118 | 6,381 |
Long-term Insurance | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 2,396,855 | 2,130,281 |
Gross cumulative claim payments (B) | 2,395,026 | 2,128,174 |
Difference (A-B) | 1,829 | 2,107 |
Long-term Insurance | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,124,628 | 1,008,589 |
Gross cumulative claim payments (B) | 1,123,868 | 1,007,865 |
Difference (A-B) | 760 | 724 |
Long-term Insurance | 2013.1.1 ~ 2013.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 709,602 | |
Gross cumulative claim payments (B) | 671,500 | |
Long-term Insurance | 2013.1.1 ~ 2013.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 965,587 | |
Gross cumulative claim payments (B) | 953,494 | |
Long-term Insurance | 2013.1.1 ~ 2013.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 997,607 | |
Gross cumulative claim payments (B) | 989,957 | |
Long-term Insurance | 2013.1.1 ~ 2013.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,003,646 | |
Gross cumulative claim payments (B) | 999,944 | |
Long-term Insurance | 2013.1.1 ~ 2013.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,006,025 | |
Gross cumulative claim payments (B) | 1,003,715 | |
Long-term Insurance | 2013.1.1 ~ 2013.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,007,041 | |
Gross cumulative claim payments (B) | 1,005,796 | |
Long-term Insurance | 2013.1.1 ~ 2013.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,008,589 | |
Gross cumulative claim payments (B) | 1,007,865 | |
Long-term Insurance | 2014.1.1 ~ 2014.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 789,088 | 789,087 |
Gross cumulative claim payments (B) | 744,944 | 744,944 |
Long-term Insurance | 2014.1.1 ~ 2014.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,083,049 | 1,083,048 |
Gross cumulative claim payments (B) | 1,065,792 | 1,065,792 |
Long-term Insurance | 2014.1.1 ~ 2014.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,114,820 | 1,114,821 |
Gross cumulative claim payments (B) | 1,104,468 | 1,104,468 |
Long-term Insurance | 2014.1.1 ~ 2014.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,119,206 | 1,119,206 |
Gross cumulative claim payments (B) | 1,114,341 | 1,114,341 |
Long-term Insurance | 2014.1.1 ~ 2014.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,122,191 | 1,122,192 |
Gross cumulative claim payments (B) | 1,119,531 | 1,119,531 |
Long-term Insurance | 2014.1.1 ~ 2014.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,123,240 | 1,123,240 |
Gross cumulative claim payments (B) | 1,122,378 | 1,122,378 |
Long-term Insurance | 2014.1.1 ~ 2014.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,124,628 | 0 |
Gross cumulative claim payments (B) | 1,123,868 | 0 |
Long-term Insurance | 2015.1.1 ~ 2015.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 885,476 | 885,476 |
Gross cumulative claim payments (B) | 836,471 | 836,471 |
Long-term Insurance | 2015.1.1 ~ 2015.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,219,394 | 1,219,393 |
Gross cumulative claim payments (B) | 1,205,130 | 1,205,130 |
Long-term Insurance | 2015.1.1 ~ 2015.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,256,051 | 1,256,051 |
Gross cumulative claim payments (B) | 1,248,475 | 1,248,475 |
Long-term Insurance | 2015.1.1 ~ 2015.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,266,881 | 1,266,881 |
Gross cumulative claim payments (B) | 1,262,528 | 1,262,528 |
Long-term Insurance | 2015.1.1 ~ 2015.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,270,967 | 1,270,967 |
Gross cumulative claim payments (B) | 1,269,557 | 1,269,557 |
Long-term Insurance | 2015.1.1 ~ 2015.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,273,615 | 0 |
Gross cumulative claim payments (B) | 1,272,648 | 0 |
Long-term Insurance | 2015.1.1 ~ 2015.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2016.1.1 ~ 2016.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,064,744 | 1,064,744 |
Gross cumulative claim payments (B) | 1,017,243 | 1,017,243 |
Long-term Insurance | 2016.1.1 ~ 2016.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,437,573 | 1,437,573 |
Gross cumulative claim payments (B) | 1,424,948 | 1,424,948 |
Long-term Insurance | 2016.1.1 ~ 2016.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,485,839 | 1,485,839 |
Gross cumulative claim payments (B) | 1,477,415 | 1,477,415 |
Long-term Insurance | 2016.1.1 ~ 2016.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,500,403 | 1,500,403 |
Gross cumulative claim payments (B) | 1,496,556 | 1,496,556 |
Long-term Insurance | 2016.1.1 ~ 2016.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,506,889 | 0 |
Gross cumulative claim payments (B) | 1,503,841 | 0 |
Long-term Insurance | 2016.1.1 ~ 2016.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2016.1.1 ~ 2016.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2017.1.1 ~ 2017.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,184,224 | 1,184,224 |
Gross cumulative claim payments (B) | 1,130,868 | 1,130,868 |
Long-term Insurance | 2017.1.1 ~ 2017.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,614,903 | 1,614,903 |
Gross cumulative claim payments (B) | 1,599,227 | 1,599,227 |
Long-term Insurance | 2017.1.1 ~ 2017.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,670,929 | 1,670,929 |
Gross cumulative claim payments (B) | 1,662,978 | 1,682,978 |
Long-term Insurance | 2017.1.1 ~ 2017.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,689,768 | 0 |
Gross cumulative claim payments (B) | 1,683,997 | 0 |
Long-term Insurance | 2017.1.1 ~ 2017.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2017.1.1 ~ 2017.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2017.1.1 ~ 2017.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2018.1.1 ~ 2018.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,372,706 | 1,372,706 |
Gross cumulative claim payments (B) | 1,319,613 | 1,319,613 |
Long-term Insurance | 2018.1.1 ~ 2018.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,881,046 | 1,881,046 |
Gross cumulative claim payments (B) | 1,868,434 | 1,868,434 |
Long-term Insurance | 2018.1.1 ~ 2018.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,941,497 | 0 |
Gross cumulative claim payments (B) | 1,933,543 | 0 |
Long-term Insurance | 2018.1.1 ~ 2018.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2018.1.1 ~ 2018.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2018.1.1 ~ 2018.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2018.1.1 ~ 2018.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2019.1.1 ~ 2019.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,626,481 | 1,626,481 |
Gross cumulative claim payments (B) | 1,574,696 | 1,574,696 |
Long-term Insurance | 2019.1.1 ~ 2019.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 2,229,830 | 0 |
Gross cumulative claim payments (B) | 2,211,717 | 0 |
Long-term Insurance | 2019.1.1 ~ 2019.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2019.1.1 ~ 2019.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2019.1.1 ~ 2019.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2019.1.1 ~ 2019.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
Long-term Insurance | 2019.1.1 ~ 2019.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | ₩ 0 |
Long-term Insurance | 2020.1.1 ~ 2020.12.31 | After 1 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 1,818,316 | |
Gross cumulative claim payments (B) | 1,749,647 | |
Long-term Insurance | 2020.1.1 ~ 2020.12.31 | After 2 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Long-term Insurance | 2020.1.1 ~ 2020.12.31 | After 3 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Long-term Insurance | 2020.1.1 ~ 2020.12.31 | After 4 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Long-term Insurance | 2020.1.1 ~ 2020.12.31 | After 5 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Long-term Insurance | 2020.1.1 ~ 2020.12.31 | After 6 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
Long-term Insurance | 2020.1.1 ~ 2020.12.31 | After 7 year | ||
Shortduration Insurance Contracts Reconciliation Of Claims Development To Liability LineItems[Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | ₩ 0 |
Insurance Contracts_Sensitivity
Insurance Contracts_Sensitivity Analysis Of Non life Insurance Risk(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
KB Insurance Co., Ltd. | Non-life insurance | Lapse ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | (10.00%) |
Effect on LAT | ₩ (633,788) | ₩ (553,013) |
KB Insurance Co., Ltd. | Non-life insurance | Lapse ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | 10.00% |
Effect on LAT | ₩ 568,734 | ₩ 495,287 |
KB Insurance Co., Ltd. | Non-life insurance | Loss ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | (10.00%) |
Effect on LAT | ₩ (5,012,443) | ₩ (4,576,415) |
KB Insurance Co., Ltd. | Non-life insurance | Loss ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | 10.00% |
Effect on LAT | ₩ 5,012,443 | ₩ 4,576,415 |
KB Insurance Co., Ltd. | Non-life insurance | Expense ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | (10.00%) |
Effect on LAT | ₩ (345,752) | ₩ (342,587) |
KB Insurance Co., Ltd. | Non-life insurance | Expense ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | 10.00% |
Effect on LAT | ₩ 345,752 | ₩ 342,587 |
KB Insurance Co., Ltd. | Non-life insurance | Discount rate | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (0.50%) | (0.50%) |
Effect on LAT | ₩ 1,726,707 | ₩ 1,800,472 |
KB Insurance Co., Ltd. | Non-life insurance | Discount rate | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 0.50% | 0.50% |
Effect on LAT | ₩ (1,499,565) | ₩ (1,521,385) |
KB Life Insurance Co., Ltd. | Life insurance | Lapse ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | (10.00%) |
Effect on LAT | ₩ (76,265) | ₩ (52,877) |
KB Life Insurance Co., Ltd. | Life insurance | Lapse ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | 10.00% |
Effect on LAT | ₩ 68,714 | ₩ 47,615 |
KB Life Insurance Co., Ltd. | Life insurance | Claim ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | (10.00%) |
Effect on LAT | ₩ (31,600) | ₩ (23,308) |
KB Life Insurance Co., Ltd. | Life insurance | Claim ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | 10.00% |
Effect on LAT | ₩ 30,594 | ₩ 22,675 |
KB Life Insurance Co., Ltd. | Life insurance | Expense ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | (10.00%) |
Effect on LAT | ₩ (33,020) | ₩ (32,068) |
KB Life Insurance Co., Ltd. | Life insurance | Expense ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | 10.00% |
Effect on LAT | ₩ 33,020 | ₩ 32,068 |
KB Life Insurance Co., Ltd. | Life insurance | Discount rate | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (0.50%) | (0.50%) |
Effect on LAT | ₩ 477,556 | ₩ 441,585 |
KB Life Insurance Co., Ltd. | Life insurance | Discount rate | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 0.50% | 0.50% |
Effect on LAT | ₩ (424,309) | ₩ (388,848) |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Lapse ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | |
Effect on LAT | ₩ (182,654) | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Lapse ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | |
Effect on LAT | ₩ 167,536 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Claim ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | |
Effect on LAT | ₩ (665,990) | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Claim ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | |
Effect on LAT | ₩ 644,798 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Expense ratio | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (10.00%) | |
Effect on LAT | ₩ (135,587) | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Expense ratio | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 10.00% | |
Effect on LAT | ₩ 135,587 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Discount rate | Bottom Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | (0.50%) | |
Effect on LAT | ₩ 1,426,726 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Discount rate | Top Of Range Member | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk LineItems[Line Items] | ||
Assumption change | 0.50% | |
Effect on LAT | ₩ (1,245,727) |
Insurance Contracts_Liquidity R
Insurance Contracts_Liquidity Risk Of Non life Insurance Contracts(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Non-life insurance | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | ₩ 25,012,766 | ₩ 23,818,981 |
Non-life insurance | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 574,527 | 576,666 |
Non-life insurance | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 24,438,239 | 23,242,315 |
Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 21,034,333 | 19,873,613 |
Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 567,047 | 569,080 |
Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 20,467,286 | 19,304,533 |
Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 3,978,433 | 3,917,979 |
Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 7,480 | 7,586 |
Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 3,970,953 | 3,910,393 |
Asset-linked | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 0 | 27,389 |
Up to 1 year | Non-life insurance | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 734,239 | 612,671 |
Up to 1 year | Non-life insurance | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 70,787 | 57,542 |
Up to 1 year | Non-life insurance | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 663,452 | 555,129 |
Up to 1 year | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 733,992 | 584,999 |
Up to 1 year | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 70,782 | 57,532 |
Up to 1 year | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 663,210 | 527,467 |
Up to 1 year | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 247 | 283 |
Up to 1 year | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 5 | 10 |
Up to 1 year | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 242 | 273 |
Up to 1 year | Asset-linked | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 0 | 27,389 |
1~5 years | Non-life insurance | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,580,153 | 2,907,163 |
1~5 years | Non-life insurance | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 192,287 | 258,979 |
1~5 years | Non-life insurance | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,387,866 | 2,648,184 |
1~5 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,495,868 | 2,836,440 |
1~5 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 191,570 | 258,436 |
1~5 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,304,298 | 2,578,004 |
1~5 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 84,285 | 70,723 |
1~5 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 717 | 543 |
1~5 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 83,568 | 70,180 |
1~5 years | Asset-linked | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 0 | 0 |
5~10 years | Non-life insurance | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,408,432 | 2,539,357 |
5~10 years | Non-life insurance | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 80,295 | 86,593 |
5~10 years | Non-life insurance | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,328,137 | 2,452,764 |
5~10 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,015,713 | 2,169,403 |
5~10 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 78,092 | 84,349 |
5~10 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 1,937,621 | 2,085,054 |
5~10 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 392,719 | 369,954 |
5~10 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,203 | 2,244 |
5~10 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 390,516 | 367,710 |
5~10 years | Asset-linked | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 0 | 0 |
10~20 years | Non-life insurance | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,201,820 | 2,069,371 |
10~20 years | Non-life insurance | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 55,033 | 46,855 |
10~20 years | Non-life insurance | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,146,787 | 2,022,516 |
10~20 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 896,620 | 820,481 |
10~20 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 51,216 | 43,141 |
10~20 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 845,404 | 777,340 |
10~20 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 1,305,200 | 1,248,890 |
10~20 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 3,817 | 3,714 |
10~20 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 1,301,383 | 1,245,176 |
10~20 years | Asset-linked | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 0 | 0 |
Over 20 years | Non-life insurance | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 17,088,122 | 15,690,419 |
Over 20 years | Non-life insurance | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 176,125 | 126,697 |
Over 20 years | Non-life insurance | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 16,911,997 | 15,563,722 |
Over 20 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 14,892,140 | 13,462,290 |
Over 20 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 175,387 | 125,622 |
Over 20 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 14,716,753 | 13,336,668 |
Over 20 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,195,982 | 2,228,129 |
Over 20 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 738 | 1,075 |
Over 20 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | 2,195,244 | 2,227,054 |
Over 20 years | Asset-linked | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity LineItems[Line Items] | |||
Premuim Reserve | [1] | ₩ 0 | ₩ 0 |
[1] | Includes long-term investment contract amounting to KRW 108,938 million and KRW 106,853 million, as of December 31, 2019 and 2020, respectively. |
Insurance Contracts_Credit Risk
Insurance Contracts_Credit Risk Reinsurance Companies That Deal With The Group(Details) - Non-life insurance - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Ceded Credit Risk LineItems[Line Items] | |||
Reinsurance assets | [1] | ₩ 1,199,354 | ₩ 735,196 |
Receivables from reinsurers | [2] | 252,064 | 328,177 |
Total | ₩ 1,451,418 | ₩ 1,063,373 | |
KOREAN RE | AA | |||
Ceded Credit Risk LineItems[Line Items] | |||
Ratio | 48.02% | ||
MUNICH RE | AAA | |||
Ceded Credit Risk LineItems[Line Items] | |||
Ratio | 3.94% | ||
ALLIANZ GLOBAL | AAA | |||
Ceded Credit Risk LineItems[Line Items] | |||
Ratio | 3.85% | ||
[1] | Net carrying amounts after impairment loss | ||
[2] | Net carrying amounts after allowance for credit losses |
Insurance Contracts_Exposure _2
Insurance Contracts_Exposure To Interest Rate Risk(Details) - Non-life insurance - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Financial assets | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | ₩ 22,939,099 | ₩ 22,741,891 |
Due from financial institutions measured at amortized cost and cash equivalents | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | 160,249 | 108,559 |
Financial assets at fair value through profit or loss | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | 3,823,603 | 4,560,512 |
Financial assets at fair value through other comprehensive income | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | 3,983,567 | 2,984,738 |
Securities measured at amortized cost | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | 8,700,196 | 8,163,485 |
Loans measured at amortized cost | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | 6,271,484 | 6,924,597 |
Financial liabilities | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | 23,714,814 | 22,445,629 |
Fixed interest rate type | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | 501,147 | 534,236 |
Variable interest rate type | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract LineItems[Line Items] | ||
Exposure To Interest Rate Risk | ₩ 23,213,667 | ₩ 21,911,393 |
Insurance Contracts_The Maximum
Insurance Contracts_The Maximum Exposures To Insurance Price Risk(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
KB Life Insurance Co., Ltd. | Life insurance | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | ₩ 22,343 | ₩ 21,434 |
After reinsurance mitigation | ₩ 13,825 | ₩ 13,117 |
Average Ratios Of Insurance Claims Paid Per Risk Premium Received OnThe Basis Of Exposure Before Mitigation | 65.10% | 65.70% |
KB Life Insurance Co., Ltd. | Death | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | ₩ 13,509 | ₩ 12,882 |
After reinsurance mitigation | 10,409 | 9,033 |
KB Life Insurance Co., Ltd. | Disability | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 672 | 754 |
After reinsurance mitigation | 349 | 424 |
KB Life Insurance Co., Ltd. | Hospitalization | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 1,213 | 1,260 |
After reinsurance mitigation | 787 | 642 |
KB Life Insurance Co., Ltd. | Operation and diagnosis | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 4,809 | 4,419 |
After reinsurance mitigation | 1,783 | 2,211 |
KB Life Insurance Co., Ltd. | Actual medical expense | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 1,095 | 1,053 |
After reinsurance mitigation | 23 | 396 |
KB Life Insurance Co., Ltd. | Others | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 1,045 | 1,066 |
After reinsurance mitigation | 474 | ₩ 411 |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 366,601 | |
After reinsurance mitigation | ₩ 359,936 | |
Average Ratios Of Insurance Claims Paid Per Risk Premium Received OnThe Basis Of Exposure Before Mitigation | 51.97% | |
Prudential Life Insurance Company of Korea Ltd. | Death | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | ₩ 244,975 | |
After reinsurance mitigation | 240,121 | |
Prudential Life Insurance Company of Korea Ltd. | Disability | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 10,485 | |
After reinsurance mitigation | 9,964 | |
Prudential Life Insurance Company of Korea Ltd. | Hospitalization | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 33,321 | |
After reinsurance mitigation | 33,321 | |
Prudential Life Insurance Company of Korea Ltd. | Operation and diagnosis | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 77,820 | |
After reinsurance mitigation | ₩ 76,530 |
Insurance Contracts_The Exposur
Insurance Contracts_The Exposure Of Market Risk Arising From Embedded Derivatives Included In Host Insurance Contracts(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
KB Life Insurance Co., Ltd. | Total | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | ₩ 1,301,085 | ₩ 1,256,619 |
Guarantee reserve | 5,801 | 6,176 | |
KB Life Insurance Co., Ltd. | Variable annuity | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 490,551 | 429,970 |
Guarantee reserve | 2,782 | 2,565 | |
KB Life Insurance Co., Ltd. | Variable universal | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 90,337 | 91,988 |
Guarantee reserve | 2,515 | 3,095 | |
KB Life Insurance Co., Ltd. | Variable saving | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 720,197 | 734,661 |
Guarantee reserve | 504 | ₩ 516 | |
Prudential Life Insurance Company of Korea Ltd. | Total | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 4,720,597 | |
Guarantee reserve | 862,157 | ||
Prudential Life Insurance Company of Korea Ltd. | Variable whole life | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 241,955 | |
Guarantee reserve | 112,620 | ||
Prudential Life Insurance Company of Korea Ltd. | Variable annuity | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 2,487,715 | |
Guarantee reserve | 30,306 | ||
Prudential Life Insurance Company of Korea Ltd. | Variable Universal (Protection) | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 1,544,241 | |
Guarantee reserve | 718,783 | ||
Prudential Life Insurance Company of Korea Ltd. | Variable Universal (Savings) | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 446,686 | |
Guarantee reserve | ₩ 448 | ||
[1] | Excludes the amount of the lapsed reserve. |
Insurance Contracts_Life Insura
Insurance Contracts_Life Insurance Premium Reserves And Unearned Premium Reserves Residual Maturitys(Details) - Life insurance - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
KB Life Insurance Co., Ltd. | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | ₩ 7,329,738 | ₩ 6,991,247 |
KB Life Insurance Co., Ltd. | Up to 3 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 739,485 | 984,945 |
KB Life Insurance Co., Ltd. | 3-5 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 350,639 | 280,733 |
KB Life Insurance Co., Ltd. | 5~10 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 605,931 | 665,241 |
KB Life Insurance Co., Ltd. | 10-15 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 412,563 | 525,699 |
KB Life Insurance Co., Ltd. | 15-20 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 451,074 | 345,664 |
KB Life Insurance Co., Ltd. | Over 20 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 4,770,046 | ₩ 4,188,965 |
Prudential Life Insurance Company of Korea Ltd. | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 13,237,208 | |
Prudential Life Insurance Company of Korea Ltd. | Up to 3 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 48,807 | |
Prudential Life Insurance Company of Korea Ltd. | 3-5 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 37,502 | |
Prudential Life Insurance Company of Korea Ltd. | 5~10 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 139,973 | |
Prudential Life Insurance Company of Korea Ltd. | 10-15 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 215,470 | |
Prudential Life Insurance Company of Korea Ltd. | 15-20 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | 418,684 | |
Prudential Life Insurance Company of Korea Ltd. | Over 20 years | ||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity LineItems[Line Items] | ||
Premium reserve | ₩ 12,376,772 |
Insurance Contracts_Details o_4
Insurance Contracts_Details of financial assets applied The Overlay Approach(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Financial assets at fair value through profit or loss | ||
Disclosure of financial assets to which overlay approach is applied [Line Items] | ||
Financial assets to which overlay approach is applied | ₩ 7,739,106 | ₩ 8,174,427 |
Due from financial institutions | ||
Disclosure of financial assets to which overlay approach is applied [Line Items] | ||
Financial assets to which overlay approach is applied | 70,312 | 166,891 |
Debt securities | ||
Disclosure of financial assets to which overlay approach is applied [Line Items] | ||
Financial assets to which overlay approach is applied | 7,363,457 | 7,955,286 |
Equity securities | ||
Disclosure of financial assets to which overlay approach is applied [Line Items] | ||
Financial assets to which overlay approach is applied | ₩ 305,337 | ₩ 52,250 |
Insurance Contracts_Changes of
Insurance Contracts_Changes of net losses on overlay adjustment(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Of Changes Of Net Losses On Overlay Adjustment [Abstract] | ||
Beginning | ₩ 187,077 | ₩ (7,146) |
Recognition of other comprehensive income due to acquisition and valuation | 177,500 | 196,110 |
Raclassification to profit or loss due te disposal | (25,375) | (1,887) |
Ending | ₩ 339,202 | ₩ 187,077 |
Statement of Cash Flows_Cash An
Statement of Cash Flows_Cash And Cash Equivalents(Details) $ in Thousands, ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2019USD ($) | Dec. 31, 2018KRW (₩) | Dec. 31, 2017KRW (₩) | |
Cash And Cash Equivalents If Different From Statement Of Financial Position Abstract [Abstract] | |||||||
Cash | ₩ 2,560,970 | ₩ 2,311,418 | |||||
Checks with other banks | 327,781 | 383,500 | |||||
Due from the Bank of Korea | 12,340,532 | 8,607,911 | |||||
Due from other financial institutions | 10,379,559 | 9,535,049 | |||||
Sub-total | 25,608,842 | $ 23,578,497 | 20,837,878 | ||||
Due from financial institutions measured at fair value through profit or loss | 100,094 | 216,367 | |||||
Sub-total | 25,708,936 | 21,054,245 | |||||
Restricted due from financial institutions | (15,303,363) | (13,372,966) | |||||
Due from financial institutions with original maturities over three monthes | (1,720,481) | (1,557,554) | |||||
Sub-total | (17,023,844) | (14,930,520) | |||||
Total | [1] | ₩ 8,685,092 | $ 7,996,510 | ₩ 6,123,725 | $ 5,638,218 | ₩ 6,642,816 | ₩ 8,404,898 |
[1] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Statement of Cash Flows_Signifi
Statement of Cash Flows_Significant Noncash Transactions(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Significant Non Cash Transactions Abstract [Abstract] | |||
Decrease in loans due to write-offs | ₩ 1,283,071 | ₩ 1,188,584 | ₩ 1,079,435 |
Changes in accumulated other comprehensive income from valuation of financial instruments at fair value through other comprehensive income | 496,159 | 35,490 | 119,182 |
Changes in accumulated other comprehensive income from valuation of investments in associates | (6,978) | 7,695 | (3,733) |
Changes in other payables due to treasury stock trust agreement, etc. | 0 | 0 | 6,678 |
Changes in financial instruments due to debt-for-equity swap | ₩ 13,820 | ₩ 104,815 | ₩ 22,286 |
Statement of Cash Flows_Cash In
Statement of Cash Flows_Cash Inflows And Outflows From Income Tax Interests And Dividends(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Cash Inflows And Outflows From Income Tax Interests And Dividends Abstract [Abstract] | |||
Income Taxes Paid Refund Classified As Operating Activities | ₩ 1,119,252 | ₩ 1,223,084 | ₩ 759,013 |
Interest Received Classified As Operating Activities | 14,986,532 | 14,936,705 | 13,958,806 |
Interest Paid Classified As Operating Activities | 5,266,158 | 5,365,595 | 4,369,345 |
Dividends Received Classified As Operating Activities | 187,699 | 185,846 | 235,243 |
Dividends Paid Classified As Financing Activities | ₩ 883,952 | ₩ 766,249 | ₩ 766,728 |
Statement of Cash Flows_Changes
Statement of Cash Flows_Changes In Liabilities Arising From Financing Activities(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | ||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning | ₩ 95,611,967 | ₩ 91,752,926 | ||
Changes in liabilities arising from financing activities [Abstract] | ||||
Net cash flows | 24,849,445 | 2,918,969 | ||
Non-cash changes | ||||
Acquisition(Disposal) | 236,860 | 766,259 | ||
Exchange differences | (68,893) | 433,507 | ||
Changes in fair value | (581,066) | 207,068 | ||
Subsidiaries | 2,132,683 | (602,388) | ||
Others | (230,536) | 135,626 | ||
Ending | 121,950,460 | 95,611,967 | ||
Net cash flows from the change in subsidiaries | [1] | (1,951,245) | $ (1,796,545) | |
Derivatives held for hedging | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning | [2] | 187,101 | 8,049 | |
Changes in liabilities arising from financing activities [Abstract] | ||||
Net cash flows | [2] | (16,202) | (28,631) | |
Non-cash changes | ||||
Acquisition(Disposal) | [2] | 0 | 0 | |
Exchange differences | [2] | (102,347) | 0 | |
Changes in fair value | [2] | 10,553 | 139,771 | |
Subsidiaries | [2] | 1,166 | 0 | |
Others | [2] | (137,467) | 67,912 | |
Ending | [2] | (57,196) | 187,101 | |
Borrowings | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning | 88,754,443 | 86,283,531 | ||
Changes in liabilities arising from financing activities [Abstract] | ||||
Net cash flows | 22,627,875 | 2,537,391 | ||
Non-cash changes | ||||
Acquisition(Disposal) | 0 | 0 | ||
Exchange differences | (217,461) | 397,571 | ||
Changes in fair value | (591,619) | 67,297 | ||
Subsidiaries | 2,131,517 | (602,388) | ||
Others | (116,912) | 71,041 | ||
Ending | 112,587,843 | 88,754,443 | ||
Due to trust accounts | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning | 5,216,460 | 5,285,108 | ||
Changes in liabilities arising from financing activities [Abstract] | ||||
Net cash flows | 2,326,495 | (68,648) | ||
Non-cash changes | ||||
Acquisition(Disposal) | 0 | 0 | ||
Exchange differences | 0 | 0 | ||
Changes in fair value | 0 | 0 | ||
Subsidiaries | 0 | 0 | ||
Others | 0 | 0 | ||
Ending | 7,542,955 | 5,216,460 | ||
Changes in non-controlling interests | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning | 585,407 | 9,110 | ||
Changes in liabilities arising from financing activities [Abstract] | ||||
Net cash flows | (25,658) | 574,580 | ||
Non-cash changes | ||||
Acquisition(Disposal) | 0 | 0 | ||
Exchange differences | 250,904 | 345 | ||
Changes in fair value | 0 | 0 | ||
Subsidiaries | 0 | 0 | ||
Others | 47,130 | 1,372 | ||
Ending | 857,783 | 585,407 | ||
Others | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning | 868,556 | 167,128 | ||
Changes in liabilities arising from financing activities [Abstract] | ||||
Net cash flows | (63,065) | (95,723) | ||
Non-cash changes | ||||
Acquisition(Disposal) | 236,860 | 766,259 | ||
Exchange differences | 11 | 35,591 | ||
Changes in fair value | 0 | 0 | ||
Subsidiaries | 0 | 0 | ||
Others | (23,287) | (4,699) | ||
Ending | ₩ 1,019,075 | ₩ 868,556 | ||
[1] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||
[2] | Derivatives held for hedging purposes are the net amount after offsetting liabilities from assets. |
Contingent Liabilities and Co_3
Contingent Liabilities and Commitments_Details Of Payment Guarantees(Details) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020KRW (₩) | Dec. 31, 2019KRW (₩) | |
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | ₩ 9,306,787 | ₩ 9,243,243 |
Contingent Liability For Commitments | 163,340,592 | 154,729,256 |
Confirmed acceptances and guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 6,867,686 | 6,743,238 |
Confirmed acceptances and guarantees in Korean won | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 1,193,305 | 908,137 |
Acceptances and guarantees for KB purchasing loan | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 144,457 | 161,314 |
Others | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 1,048,848 | 746,823 |
Confirmed acceptances and guarantees in foreign currencies | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 4,916,522 | 4,919,352 |
Acceptances of letter of credit | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 221,422 | 155,151 |
Letter of guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 45,693 | 49,754 |
Bio bond | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 72,037 | 37,765 |
Performance bond | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 703,826 | 718,097 |
Refund guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 801,445 | 1,022,646 |
Others | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 3,072,099 | 2,935,939 |
Financail guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 757,859 | 915,749 |
Acceptances and guarantees for issuance of debenture | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 10,040 | 0 |
Acceptances and guarantees for mortgage | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 89,302 | 47,384 |
Overseas debt guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 410,470 | 406,680 |
International financing guarantees in foreign currencies | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 197,097 | 231,685 |
Others | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 50,950 | 230,000 |
Unconfirmed acceptances and guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 2,439,101 | 2,500,005 |
Guarantees of letter of credit | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 2,094,989 | 1,845,508 |
Refund guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Estimated Financial Effect Of Contingent Liabilities | 344,112 | 654,497 |
Commitments | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | 159,133,983 | 151,797,615 |
Corporate loan commitments | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | 40,253,100 | 41,930,407 |
Retail loan commitments | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | 46,450,857 | 42,582,736 |
Credit line on credit cards | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | 65,325,863 | 60,667,219 |
Purchase of other securities | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | 7,104,163 | 6,617,253 |
Financial Guarantees | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | 4,206,609 | 2,931,641 |
Credit line | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | 3,522,809 | 2,340,141 |
Purchase of securities | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Contingent Liability For Commitments | ₩ 683,800 | ₩ 591,500 |
Law Suits As Plaintiff In The Normal Course Of The Business | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Loss Contingency Pending Claims Number | 122 | |
Estimated Financial Effect Of Contingent Assets | ₩ 396,881 | |
Law Suits As Defendant In The Normal Course Of The Business | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Loss Contingency Pending Claims Number | 275 | |
Loss Contingency Damages Sought Value | ₩ 2,009,603 | |
Law Suits Cyber Incident | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Loss Contingency Pending Claims Number | 2 | 11 |
Loss Contingency Damages Sought Value | ₩ 108 | ₩ 444 |
Loss Contingency Accrual At Carrying Value | ₩ 2,549 | |
Restriction period for the disposal of KB KOLAO LEASING Co., LTD equity | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Explanation Of Possibility Of Reimbursement Contingent Liabilities | As of December 31, 2020, the Group is not able to dispose, transfer or collateralize the shares or rights of shares of KB KOLAO Leasing Co., LTD. ("joint-venture lease company") to a third party without the written consent of both KB Kookmin Card Co., Ltd. and Kolao Holdings, for five years (the restriction period for the disposal of its equity) after the date of initial investment for KB KOLAO LEASING CO., LTD. However, KB Kookmin Card Co., Ltd. and KB Capital Co., Ltd. may transfer all or part of their shares in the joint-venture lease company to affiliates who agree to comply with all the terms and conditions of this agreement on the establishment and operation of the joint-venture lease company in Laos and agree to succeed their responsibility for the joint-venture lease company. After the expiration of the restriction period for the disposal, as prescribed separately, each party of the joint-venture lease company may transfer all or part of their shares. Meanwhile, KB KOLAO Leasing Co., LTD. is selling LVMC Holdings (formerly Kolao Holdings) allied receivables that are more than three months overdue to Lanexang Leasing Co., Ltd. in accordance with an agreement. | |
Law Suits as invest in rental apartment of disables in Australia | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Explanation Of Possibility Of Reimbursement Contingent Liabilities | KB Securities Co., Ltd., as a sales agency, sold KRW 326,500 million of private equity funds and trusts, which loans to corporations (borrower) that invest in apartment rental businesses for the disabled in Australia, to individuals and institutional investors. However, management of the fund is impossible due to the breach of contract by local borrower in Australia, therefore there is a possibility of losses of principal to these funds subscribers. In this regard, there are three lawsuits in which the Group is the defendant as of December 31, 2020. There is a possibility that additional lawsuits will be filed in the future, but the magnitude and final outcome of the lawsuit are unpredictable. | |
Contract related to Lime Asset Management | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Explanation Of Possibility Of Reimbursement Contingent Liabilities | In relation to Lime Asset Management, KB Securities Co., Ltd. has a PIS (Portfolio Index Swap) contract, as of December 31, 2020, associated with 'Lime Thetis Qualified Investor Private Investment Trust No.2' and Lime Pluto FI Qualified Investor Private Investment Trust No.D-1' whose redemption were suspended during the fourth quarter of 2019. The notional amount of the underlying assets of the PIS contract is KRW 298,500 million. Meanwhile, the Group sold KRW 68,100 million of feeder fund of aforementioned redemption-suspended funds. On October 20, 2020, Lime Asset Management's license as a fund manager was revoked by the Financial Supervisory Service's sanctions review committee, and most of its redemption-suspended funds and normal funds will be transferred to Wellbridge Asset Management (the bridge management company) to continue collecting investments. It is difficult to predict whether and when the aforementioned redemption-suspended funds will be redeemed, and there is a possibility that lawsuits may be filed in the future, but the impact on the consolidated financial statements cannot be predicted at this time. | |
Contract related to take over PRASAC Microfinance Institution Limited | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Explanation Of Possibility Of Reimbursement Contingent Liabilities | On April 10, 2020, Kookmin Bank acquired 70% shares of PRASAC Microfinance Institution Plc. ("PRASAC"), a specialized credit micro finance institution in Cambodia, for US$ 603 million from its existing shareholders. Kookmin Bank has signed an agreement with the existing shareholders of PRASAC. The existing shareholders have the right of put option to sell 30% of the remaining shares to Kookmin Bank, and they are entitled to exercise their rights at the exercise price calculated on the basis of the adjusted book value of net asset as of 2021 year-end, within six months from the issue date of the audit report or the confirmation date of the adjusted value. If the put option is not exercised until its expiry, Kookmin Bank has a right to exercise a call option during the six months following the expiry of such put option. All shareholders are restricted from selling shares or additional pledge before exercising the put option and call option. | |
Contract related to PT Bosowa Corporindo | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Explanation Of Possibility Of Reimbursement Contingent Liabilities | Kookmin Bank has entered into an agreement with PT Bosowa Corporindo, a major shareholder of PT Bank Bukopin TBK. Under this agreement, Kookmin Bank and PT Bosowa Corporindo have a right of first refusal and a tag-along right. In addition, Kookmin Bank can exercise its drag-along right for two years from the time three years have elapsed since the acquisition date (July 27, 2018) in certain cases, such as violation of the agreement between shareholders. | |
Contract related to PT Sunindo Primasura | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Explanation Of Possibility Of Reimbursement Contingent Liabilities | As of December 31, 2020, KB Capital Co., Ltd. and PT Sunindo Primasura are required to hold the shares of PT Sunindo Kookmin Best Finance for five years after the completion of the share purchase. If one party is going to sell all or part of the shares, provide them as collateral, trade or dispose of them, it should give the opportunity to exercise preemption to the other party by providing written proposal including transfer price, payment method and others. Meanwhile, the shareholders of PT Sunindo Kookmin Best Finance can receive dividends for up to 20% of net profit after taxes for each fiscal year starting from the fiscal year ended December 31, 2023. | |
Global Spread of the Covid19 | ||
Disclosure Of Contingent Liabilities Line Items [Line Items] | ||
Explanation Of Possibility Of Reimbursement Contingent Liabilities | The proliferation of COVID-19 has had a negative impact on the global economy, which has a greater impact than expected credit losses and potential impairment of assets in a particular portfolio, which can negatively affect the profit generation capability of the Group as follows: -There is a possibility of uncertainty about the credit risk of a borrower that could be affected by COVID-19. -Uncertainty may arise about forward-looking macroeconomic information related to expected credit losses. -Korean won may depreciate against major foreign currencies. This may result in an increase in principal and interest payments on liabilities denominated in foreign currencies, and losses on foreign exchanges transactions. -A significant decrease in the fair value of the Group's investment in an entity that could be affected by COVID-19 pandemic can occur. Meanwhile, the Group's accounting policy related to COVID-19 is described in Note 2.4 Critical accounting estimates and the impact on expected credit losses is described in Note 11.1 Changes in allowances for credit losses of loans and Note 24.2 Changes in provisions for credit losses of unused loan commitments, acceptances and guarantees. |
Contingent Liabilities and Co_4
Contingent Liabilities and Commitments_Payment Guarantees That Are Exposed To Credit Risk(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
The financial instruments applying 12-month expected credit losses | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | ₩ 9,038,271 | ₩ 8,808,274 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 6,689,766 | 6,437,530 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 4,377,798 | 4,220,046 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 2,269,455 | 2,105,637 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 27,588 | 93,074 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 14,925 | 18,773 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 2,348,505 | 2,370,744 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 1,422,528 | 1,228,258 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 912,209 | 1,121,159 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 11,399 | 17,091 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 2,369 | 4,236 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
The financial instruments applying lifetime expected credit losses | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 9,306,787 | 9,243,243 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 6,867,686 | 6,743,238 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 4,378,917 | 4,220,742 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 2,316,893 | 2,143,908 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 112,909 | 174,391 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 48,866 | 191,213 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 10,101 | 12,984 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 2,439,101 | 2,500,005 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 1,423,299 | 1,229,547 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 940,715 | 1,153,572 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 34,468 | 38,048 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 32,303 | 67,200 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 8,316 | 11,638 |
Non-impaired | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 250,640 | 413,390 |
Non-impaired | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 167,771 | 295,597 |
Non-impaired | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 1,119 | 696 |
Non-impaired | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 47,438 | 38,271 |
Non-impaired | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 85,321 | 81,317 |
Non-impaired | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 33,440 | 172,440 |
Non-impaired | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 453 | 2,873 |
Non-impaired | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 82,869 | 117,793 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 771 | 1,289 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 28,506 | 32,413 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 23,069 | 20,957 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 29,934 | 62,964 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 589 | 170 |
Impaired | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 17,876 | 21,579 |
Impaired | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 10,149 | 10,111 |
Impaired | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
Impaired | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
Impaired | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
Impaired | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 501 | 0 |
Impaired | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 9,648 | 10,111 |
Impaired | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 7,727 | 11,468 |
Impaired | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | 0 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [Line Items] | ||
Credit exposure | ₩ 7,727 | ₩ 11,468 |
Contingent Liabilities and Co_5
Contingent Liabilities and Commitments_Acceptances And Guarantees By Counterparty(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 6,867,686 | ₩ 6,743,238 |
Unconfirmed guarantees | 2,439,101 | 2,500,005 |
Total | ₩ 9,306,787 | ₩ 9,243,243 |
Proportion (%) | 100.00% | 100.00% |
Large companies | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 5,538,003 | ₩ 5,962,004 |
Unconfirmed guarantees | 1,770,235 | 1,904,346 |
Total | ₩ 7,308,238 | ₩ 7,866,350 |
Proportion (%) | 78.53% | 85.10% |
Small and medium-sized companies | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 695,860 | ₩ 650,612 |
Unconfirmed guarantees | 459,487 | 397,539 |
Total | ₩ 1,155,347 | ₩ 1,048,151 |
Proportion (%) | 12.41% | 11.34% |
Public sector and others | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 633,823 | ₩ 130,622 |
Unconfirmed guarantees | 209,379 | 198,120 |
Total | ₩ 843,202 | ₩ 328,742 |
Proportion (%) | 9.06% | 3.56% |
Contingent Liabilities and Co_6
Contingent Liabilities and Commitments_Acceptances And Guarantees By Industry(Details) - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 |
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 6,867,686 | ₩ 6,743,238 |
Unconfirmed guarantees | 2,439,101 | 2,500,005 |
Total | ₩ 9,306,787 | ₩ 9,243,243 |
Proportion (%) | 100.00% | 100.00% |
Financial institutions | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 632,947 | ₩ 260,974 |
Unconfirmed guarantees | 5,871 | 23,999 |
Total | ₩ 638,818 | ₩ 284,973 |
Proportion (%) | 6.86% | 3.08% |
Manufacturing | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 2,992,319 | ₩ 3,373,220 |
Unconfirmed guarantees | 1,285,530 | 1,627,840 |
Total | ₩ 4,277,849 | ₩ 5,001,060 |
Proportion (%) | 45.96% | 54.11% |
Service | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 920,352 | ₩ 1,187,516 |
Unconfirmed guarantees | 89,457 | 88,158 |
Total | ₩ 1,009,809 | ₩ 1,275,674 |
Proportion (%) | 10.85% | 13.80% |
Wholesale & Retail | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 1,086,772 | ₩ 1,126,976 |
Unconfirmed guarantees | 891,619 | 597,998 |
Total | ₩ 1,978,391 | ₩ 1,724,974 |
Proportion (%) | 21.26% | 18.66% |
Construction | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 411,601 | ₩ 467,114 |
Unconfirmed guarantees | 14,488 | 20,590 |
Total | ₩ 426,089 | ₩ 487,704 |
Proportion (%) | 4.58% | 5.28% |
Public sector | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 104,925 | ₩ 107,481 |
Unconfirmed guarantees | 103,285 | 81,895 |
Total | ₩ 208,210 | ₩ 189,376 |
Proportion (%) | 2.24% | 2.05% |
Others | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 718,770 | ₩ 219,957 |
Unconfirmed guarantees | 48,851 | 59,525 |
Total | ₩ 767,621 | ₩ 279,482 |
Proportion (%) | 8.25% | 3.02% |
Contingent Liabilities and Co_7
Contingent Liabilities and Commitments_Major Pending Lawsuits in which the Group is a Defendant(Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2020KRW (₩)₩ / shares | |
Kookmin Bank | Request for a return of redemption amount | |
Disclosure Of Contingent Liabilities | |
Loss Contingency Pending Claims Number | ₩ / shares | 1 |
Loss Contingency Damages Sought Value | ₩ | ₩ 48,068 |
Description of the lawsuits | Kookmin Bank invested the assets entrusted by OO Asset Management and OO Investment Trust Management in the Fairfield Sentry Limited, and Fairfield Sentry Limited reinvested the assets in Bernard L. Madoff Investment Securities LLC managed by Bernard Madoff (Bernard L. Madoff Investment Securities LLC is in the liquidation process due to Ponzi scheme fraud-related losses). Bankruptcy trustee of Bernard L. Madoff Investment Securities LLC filed a lawsuit against Kookmin Bank seeking to return the amount of redemptions received by Kookmin Bank through Fairfield Sentry Limited. |
Status of the lawsuits | Application for incineration by the defendant has been denied, and further proceedings are scheduled. [Related litigation is in progress at the New York Southern District Bankruptcy Court (10-03777) at the written complaint review stage] |
Kookmin Bank | Request for compensation for damages | |
Disclosure Of Contingent Liabilities | |
Loss Contingency Pending Claims Number | ₩ / shares | 1 |
Loss Contingency Damages Sought Value | ₩ | ₩ 1,629,557 |
Description of the lawsuits | The plaintiff filed a lawsuit for compensation for damages against Indonesian Financial Supervisory Authority (OJK) and Kookmin Bank as joint defendants, claiming that the capital increase and Kookmin Bank's acquisition of PT Bank Bukopin TBK was illegal in violation of local laws and regulations in Indonesia. |
Status of the lawsuits | It is difficult to accurately predict the result of the lawsuit as of now because the complaint has not been received, but it is judged that the possibility that the result of this lawsuit will have a significant impact on the financial position of Kookmin Bank is low. |
KB Securities Co., Ltd. | Request for a return of transaction amount (Australian fund) | |
Disclosure Of Contingent Liabilities | |
Loss Contingency Pending Claims Number | ₩ / shares | 1 |
Loss Contingency Damages Sought Value | ₩ | ₩ 100,000 |
Description of the lawsuits | The plaintiffs OOOO Securities and OOOO Life Insurance filed lawsuits, claiming that the KB Securities Co., Ltd. provided false information on major matters in the product description while selling JB Australia NDIS Private Fund No.1 (on April 25, 2019, plaintiffs invested KRW 50 billion each) (a) (Primary claim) requesting KB Securities Co., Ltd. to return unjust enrichment of KRW 100 billion for cancellation of sales contracts of beneficiary certificates due to an error or termination of the contract due to default, (b) (Secondary claim) requesting for compensation for damages in investments amounting to KRW 100 billion due to violation of the investor protection obligation and fraudulent transactions of KB Securities Co., Ltd. and OOO Asset Management. |
Status of the lawsuits | First trial is in progress (second hearing for the first trial is scheduled on April 2, 2021). |
Subsidiaries_Details Of Subsidi
Subsidiaries_Details Of Subsidiaries(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Kookmin Bank | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | Kookmin Bank |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Banking and foreign exchange transaction |
KB Securities Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Securities Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Financial investment |
KB Insurance Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Insurance Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Non-life insurance |
KB Kookmin Card Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Kookmin Card Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Credit card and installment financing |
Prudential Life Insurance Company of Korea Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | Prudential Life Insurance Company of Korea Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Life insurance |
KB Asset Management Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Asset Management Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Collective investment and advisory |
KB Capital Co.,Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Capital Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Financial Leasing |
KB Life Insurance Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Life Insurance Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Life insurance |
KB Real Estate Trust Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Real Estate Trust Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Real estate trust management |
KB Savings Bank Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Savings Bank Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Savings banking |
KB Investment Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Investment Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Capital investment |
KB Data System Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Data System Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Software advisory, development, and supply |
KB Credit Information Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Financial Group Inc. |
Investee | KB Credit Information Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Collection of receivables or credit investigation |
Kookmin Bank Cambodia PLC. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | Kookmin Bank Cambodia PLC. |
Ownership interests(%) | 100.00% |
Location | Cambodia |
Date of financial statements | Dec. 31, 2020 |
Industry | Banking and foreign exchange transaction |
Kookmin Bank China Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | Kookmin Bank (China) Ltd. |
Ownership interests(%) | 100.00% |
Location | China |
Date of financial statements | Dec. 31, 2020 |
Industry | Banking and foreign exchange transaction |
KB Microfinance Myanmar Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | KB Microfinance Myanmar Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Myanmar |
Date of financial statements | Dec. 31, 2020 |
Industry | Microfinance services |
PRASAC Microfinance Institution Plc. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | PRASAC Microfinance Institution Plc. |
Ownership interests(%) | 70.00% |
Location | Cambodia |
Date of financial statements | Dec. 31, 2020 |
Industry | Microfinance services |
PT Bank Bukopin TBK | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | PT Bank Bukopin TBK |
Ownership interests(%) | 67.00% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2020 |
Industry | Banking and foreign exchange transaction |
PT Bank Syariah Bukopin | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | PT Bank Syariah Bukopin |
Ownership interests(%) | 92.78% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2020 |
Industry | Banking |
PT Bukopin Finance | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | PT Bukopin Finance |
Ownership interests(%) | 97.03% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2020 |
Industry | Installment financing |
KB Bank Myanmar Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | Kookmin Bank |
Investee | KB Bank Myanmar Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Myanmar |
Date of financial statements | Dec. 31, 2020 |
Industry | Banking and foreign exchange transaction |
KBFG Securities America Inc. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Securities Co., Ltd. |
Investee | KBFG Securities America Inc. |
Ownership interests(%) | 100.00% |
Location | United States of America |
Date of financial statements | Dec. 31, 2020 |
Industry | Investment advisory and securities dealing activities |
KB Securities Hong Kong Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Securities Co., Ltd. |
Investee | KB Securities Hong Kong Ltd. |
Ownership interests(%) | 100.00% |
Location | China |
Date of financial statements | Dec. 31, 2020 |
Industry | Investment advisory and securities dealing activities |
KB Securities Vietnam Joint Stock Company | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Securities Co., Ltd. |
Investee | KB Securities Vietnam Joint Stock Company |
Ownership interests(%) | 99.70% |
Location | Vietnam |
Date of financial statements | Dec. 31, 2020 |
Industry | Investment advisory and securities dealing activities |
KB FINA Joint Stock Company | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Securities Co., Ltd. |
Investee | KB FINA Joint Stock Company |
Ownership interests(%) | 100.00% |
Location | Vietnam |
Date of financial statements | Dec. 31, 2020 |
Industry | Investment advisory and securities dealing activities |
Leading Insurance Services, Inc. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Insurance Co., Ltd. |
Investee | Leading Insurance Services, Inc. |
Ownership interests(%) | 100.00% |
Location | United States of America |
Date of financial statements | Dec. 31, 2020 |
Industry | Management service |
LIG Insurance (China) Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Insurance Co., Ltd. |
Investee | LIG Insurance (China) Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | China |
Date of financial statements | Dec. 31, 2020 |
Industry | Non-life insurance |
PT. KB Insurance Indonesia | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Insurance Co., Ltd. |
Investee | PT. KB Insurance Indonesia |
Ownership interests(%) | 70.00% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2020 |
Industry | Non-life insurance |
KB Claims Survey & Adjusting | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Insurance Co., Ltd. |
Investee | KB Claims Survey & Adjusting |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Claim service |
KB Sonbo CNS | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Insurance Co., Ltd. |
Investee | KB Sonbo CNS |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Management service |
KB Golden Life Care Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Insurance Co., Ltd. |
Investee | KB Golden Life Care Co., Ltd. |
Ownership interests(%) | 100.00% |
Location | Korea |
Date of financial statements | Dec. 31, 2020 |
Industry | Service |
KB DAEHAN SPECIALIZED BANK PLC. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Kookmin Card Co., Ltd. |
Investee | KB DAEHAN SPECIALIZED BANK PLC. |
Ownership interests(%) | 95.71% |
Location | Cambodia |
Date of financial statements | Dec. 31, 2020 |
Industry | Auto Installment finance |
PT. KB Finansia Multi Finance | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Kookmin Card Co., Ltd. |
Investee | PT. KB Finansia Multi Finance |
Ownership interests(%) | 80.00% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2020 |
Industry | Auto Installment finance |
PT Sunindo Kookmin Best Finance | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Capital Co., Ltd. |
Investee | PT Sunindo Kookmin Best Finance |
Ownership interests(%) | 85.00% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2020 |
Industry | Auto Installment finance |
KB KOLAO LEASING Co., Ltd. | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Kookmin Card Co., Ltd., KB Capital Co., Ltd. |
Investee | KB KOLAO LEASING CO., LTD. |
Ownership interests(%) | 80.00% |
Location | Laos |
Date of financial statements | Dec. 31, 2020 |
Industry | Auto Installment finance |
KBAM Shanghai Advisory Services Co.,Ltd | |
Disclosure Of Significant Investments In Subsidiaries Line Items [Line Items] | |
Investor | KB Asset Management Co., Ltd. |
Investee | KBAM Shanghai Advisory Services Co.,Ltd |
Ownership interests(%) | 100.00% |
Location | China |
Date of financial statements | Dec. 31, 2020 |
Industry | General advisory |
Subsidiaries_The Condensed Fina
Subsidiaries_The Condensed Financial Information Of Major Subsidiaries(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | ||||
Kookmin Bank | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [1] | ₩ 438,444,114 | ₩ 387,425,038 | ||
Liabilities | [1] | 408,036,040 | 358,420,805 | ||
Equity | [1] | 30,408,074 | 29,004,233 | ||
Operating income | [1] | 24,519,818 | 20,817,431 | ||
Profit (loss) for the year | [1] | 2,298,195 | 2,439,079 | ||
Total comprehensive income (loss) for the year | [1] | ₩ 2,905,953 | ₩ 2,428,154 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | |||
KB Securities Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [1],[2] | ₩ 57,570,654 | ₩ 47,816,512 | ||
Liabilities | [1],[2] | 52,516,488 | 43,131,858 | ||
Equity | [1],[2] | 5,054,166 | 4,684,654 | ||
Operating income | [1],[2] | 10,040,497 | 8,053,363 | ||
Profit (loss) for the year | [1],[2] | 425,622 | 257,893 | ||
Total comprehensive income (loss) for the year | [1],[2] | ₩ 449,507 | ₩ 261,639 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | |||
KB Insurance Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [1],[2] | ₩ 39,078,117 | ₩ 36,552,368 | ||
Liabilities | [1],[2] | 35,086,458 | 32,689,460 | ||
Equity | [1],[2] | 3,991,659 | 3,862,908 | ||
Operating income | [1],[2] | 13,735,778 | 12,661,927 | ||
Profit (loss) for the year | [1],[2] | 163,884 | 234,327 | ||
Total comprehensive income (loss) for the year | [1],[2] | ₩ 129,042 | ₩ 366,362 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | |||
KB Kookmin Card Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [1] | ₩ 24,071,644 | ₩ 22,990,114 | ||
Liabilities | [1] | 19,789,958 | 18,925,195 | ||
Equity | [1] | 4,281,686 | 4,064,919 | ||
Operating income | [1] | 3,210,581 | 3,102,186 | ||
Profit (loss) for the year | [1] | 324,662 | 316,546 | ||
Total comprehensive income (loss) for the year | [1] | ₩ 308,148 | ₩ 306,251 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | |||
Prudential Life Insurance Company of Korea Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [2] | ₩ 25,121,656 | |||
Liabilities | [2] | 22,681,729 | |||
Equity | [2] | 2,439,927 | |||
Operating income | [2] | 656,062 | |||
Profit (loss) for the year | [2] | 55,711 | |||
Total comprehensive income (loss) for the year | [2] | ₩ (31,718) | |||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Includes fair value adjustments arising from the acquisition. | ||||
KB Life Insurance Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | ₩ 10,424,916 | ₩ 9,801,905 | [1] | ||
Liabilities | 9,842,789 | 9,186,567 | [1] | ||
Equity | 582,127 | 615,338 | [1] | ||
Operating income | 1,897,859 | 1,506,417 | [1] | ||
Profit (loss) for the year | (23,185) | 15,963 | [1] | ||
Total comprehensive income (loss) for the year | (33,210) | ₩ 63,107 | [1] | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | ||||
KB Asset Management Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [1] | 335,601 | ₩ 310,018 | ||
Liabilities | [1] | 112,522 | 114,776 | ||
Equity | [1] | 223,079 | 195,242 | ||
Operating income | [1] | 191,427 | 148,780 | ||
Profit (loss) for the year | [1] | 57,317 | 48,899 | ||
Total comprehensive income (loss) for the year | [1] | ₩ 57,802 | ₩ 48,490 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | |||
KB Capital Co.,Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [1],[2] | ₩ 12,823,748 | ₩ 11,190,568 | ||
Liabilities | [1],[2] | 11,392,177 | 10,036,077 | ||
Equity | [1],[2] | 1,431,571 | 1,154,491 | ||
Operating income | [1],[2] | 1,300,378 | 931,694 | ||
Profit (loss) for the year | [1],[2] | 141,646 | 117,028 | ||
Total comprehensive income (loss) for the year | [1],[2] | ₩ 139,949 | ₩ 115,524 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | |||
KB Savings Bank Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | ₩ 1,883,720 | ₩ 1,361,032 | |||
Liabilities | 1,658,116 | 1,148,625 | |||
Equity | 225,604 | 212,407 | |||
Operating income | 104,397 | 92,435 | |||
Profit (loss) for the year | 17,305 | 16,301 | |||
Total comprehensive income (loss) for the year | 16,197 | 15,433 | |||
KB Real Estate Trust Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | 437,619 | [1] | 377,938 | ||
Liabilities | 108,096 | [1] | 85,132 | ||
Equity | 329,523 | [1] | 292,806 | ||
Operating income | 139,070 | [1] | 119,899 | ||
Profit (loss) for the year | 66,874 | [1] | 61,713 | ||
Total comprehensive income (loss) for the year | ₩ 66,718 | [1] | 61,672 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | ||||
KB Investment Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | [1] | ₩ 848,693 | 756,972 | ||
Liabilities | [1] | 618,552 | 542,221 | ||
Equity | [1] | 230,141 | 214,751 | ||
Operating income | [1] | 128,014 | 99,822 | ||
Profit (loss) for the year | [1] | 15,387 | 11,311 | ||
Total comprehensive income (loss) for the year | [1] | ₩ 15,390 | ₩ 11,310 | ||
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | |||
KB Credit Information Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | ₩ 27,711 | ₩ 27,834 | |||
Liabilities | 11,773 | 12,936 | |||
Equity | 15,938 | 14,898 | |||
Operating income | 39,767 | 38,278 | |||
Profit (loss) for the year | 1,132 | (256) | |||
Total comprehensive income (loss) for the year | 1,040 | (337) | |||
KB Data System Co., Ltd. | |||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | |||||
Assets | 40,347 | 41,690 | |||
Liabilities | 23,024 | 20,999 | |||
Equity | 17,323 | 20,691 | |||
Operating income | 149,966 | 158,067 | |||
Profit (loss) for the year | (1,729) | 4,664 | |||
Total comprehensive income (loss) for the year | ₩ (3,367) | ₩ 4,282 | |||
[1] | Financial information is based on its consolidated financial statements. | ||||
[2] | Includes fair value adjustments arising from the acquisition. |
Subsidiaries_Nature Of The Risk
Subsidiaries_Nature Of The Risks Associated With Interests In Consolidated Structured Entities(Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2020KRW (₩) | |
K plus 1st L.L.C And Other Subsidiaries | |
Disclosure Of Information About Consolidated Structured Entities Line Items [Line Items] | |
Exposure Of The Risks Associated With Interests In Consolidated Structured Entities | ₩ 4,082,878 |
Description Of Terms Of Contractual Arrangements That Could Require Parent Or Subsidiaries To Provide Financial Support To Structured Entity | The Group has provided payment guarantees of KRW 4,082,878 million to K plus 1st L.L.C and other subsidiaries. |
KB Sinansan Line Private Special Asset Fund And Other Subsidiaries | |
Disclosure Of Information About Consolidated Structured Entities Line Items [Line Items] | |
Exposure Of The Risks Associated With Interests In Consolidated Structured Entities | ₩ 1,046,516 |
Description Of Terms Of Contractual Arrangements That Could Require Parent Or Subsidiaries To Provide Financial Support To Structured Entity | The Group provides capital commitment to 23 subsidiaries including KB Sinansan Line Private Special Asset Fund (SOC). The unexecuted amount of the capital commitment is KRW 1,046,516 million. Based on the capital commitment, the Group is subject to increase its investment upon the request of the asset management company or the additional agreement among investors. |
Trusts | |
Disclosure Of Information About Consolidated Structured Entities Line Items [Line Items] | |
Description Of Terms Of Contractual Arrangements That Could Require Parent Or Subsidiaries To Provide Financial Support To Structured Entity | The Group provides the guarantees of payment of principal, or principal and fixed rate of return in case the operating results of the trusts are less than the guaranteed principal, or principal and fixed rate of return. |
Subsidiaries_Changes In Subsidi
Subsidiaries_Changes In Subsidiaries(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Prudential Life Insurance Company of Korea Ltd. | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds more than a majority of the ownership interests |
KB Hwaseong 1st L.L.C. and 82 others | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds the power in the event of default and is exposed to significant variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt |
KB Global Infrastructure Synergy Private Special Asset Fund and 21 others | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds the power to determine the operation of the funds and is exposed to variable returns by holding significant amount of ownership interests |
KB Smart Scale Up Fund and 2 others | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds the power as a general partner and is exposed to variable returns by holding significant amount of ownership interests |
KBH the 3rd L.L.C and 60 others | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Termination of the commitments |
Sechste Casalog KG | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Liquidation |
KB Contents Panda iMBC Contents Venture Fund | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Disposal |
Hyundai Smart Index Alpha Securities Feeder Investment Trust No.1 | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Decrease in ownership interests to less than majority |
Unconsolidated Structured Ent_3
Unconsolidated Structured Entity_The Nature Purpose and Activities of the Unconsolidated Structured Entities and How the Structured Entities are Financed(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Structured financing | |
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |
Purpose | Granting PF loans to SOC and real estate Granting loans to ships/aircrafts SPC |
Activity | Construction of SOC and real estate Building ships, construction and purchase of aircrafts |
Method of Financing | Loan commitments through credit line, providing credit line and investment agreements |
Investment funds | |
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |
Purpose | Investment in beneficiary certificates Investment in PEF and partnerships |
Activity | Management of fund assets Payment of fund fees and allocation of fund profits |
Method of Financing | Sales of beneficiary certificate instruments Investment from general partners and limited partners |
Trusts | |
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |
Purpose | Management of financial trusts; -Development trust -General unspecified money trust - Trust whose principal is not guaranteed -Other trusts |
Activity | Management of trusted financial assets Payment of trust fees and allocation of trust profits. |
Method of Financing | Sales of trusted financial assets |
Asset-backed securitization | |
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |
Purpose | Early cash generation through transfer of securitized assets Fees earned through services to SPC, such as providing lines of credit and ABCP purchase commitments |
Activity | Fulfillment of asset-backed securitization plan Purchase and collection of securitized assets Issuance and repayment of ABS and ABCP |
Method of Financing | Issuance of ABS and ABCP based on securitized assets |
Unconsolidated Structured Ent_4
Unconsolidated Structured Entity_The Size of the Unconsolidated Structured Entities and the Risks Associated With Its Interests in Unconsolidated Structured Entities(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Nature | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Total assets of unconsolidated Structured Entity | ₩ 459,827,800 | ₩ 335,743,075 | |
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 28,366,642 | 24,337,020 | |
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 1,006,646 | 1,040,300 | |
Maximum exposure | [1] | 40,723,723 | 34,339,319 |
Assets held | [1] | 28,366,642 | 24,337,020 |
Purchase and investment commitments | [1] | 6,412,047 | 4,964,604 |
Unused credit | [1] | 4,360,785 | 2,613,432 |
Acceptances and guarantees and loan commitments | [1] | ₩ 1,584,249 | ₩ 2,424,263 |
Description Of Comparison Between Assets And Liabilities Recognised In Relation To Structured Entities And Maximum Exposure To Loss From Interests In Structured Entities | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | |
Nature | Financial assets at fair value through profit or loss | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | ₩ 13,625,871 | ₩ 12,384,191 | |
Nature | Derivative financial assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 3,005 | 2,959 | |
Nature | Loans measured at amortized cost | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 6,378,270 | 6,256,781 | |
Nature | Financial investments | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 7,849,054 | 5,166,578 | |
Nature | Investment In Aassociates | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 396,953 | 352,488 | |
Nature | Other assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 113,489 | 174,023 | |
Nature | Deposits | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 983,083 | 1,022,463 | |
Nature | Derivative financial liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 1,307 | 228 | |
Nature | Other liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 22,256 | 17,609 | |
Structured financing | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Total assets of unconsolidated Structured Entity | 56,200,300 | 54,206,404 | |
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 4,822,905 | 4,910,284 | |
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 620,445 | 524,448 | |
Maximum exposure | [1] | 7,028,661 | 7,419,548 |
Assets held | [1] | 4,822,905 | 4,910,284 |
Purchase and investment commitments | [1] | 0 | 38,650 |
Unused credit | [1] | 1,322,414 | 654,203 |
Acceptances and guarantees and loan commitments | [1] | ₩ 883,342 | ₩ 1,816,411 |
Methods of determining the maximum exposure | Loan commitments /investment agreements / purchase commitments and acceptances and guarantees | Loan commitments /investment agreements / purchase commitments and acceptances and guarantees | |
Description Of Comparison Between Assets And Liabilities Recognised In Relation To Structured Entities And Maximum Exposure To Loss From Interests In Structured Entities | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | |
Structured financing | Financial assets at fair value through profit or loss | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | ₩ 164,996 | ₩ 132,685 | |
Structured financing | Derivative financial assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Structured financing | Loans measured at amortized cost | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 4,655,337 | 4,775,723 | |
Structured financing | Financial investments | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Structured financing | Investment In Aassociates | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Structured financing | Other assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 2,572 | 1,876 | |
Structured financing | Deposits | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 612,023 | 523,086 | |
Structured financing | Derivative financial liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Structured financing | Other liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 8,422 | 1,362 | |
Investment funds | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Total assets of unconsolidated Structured Entity | 285,528,467 | 180,236,568 | |
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 11,931,895 | 10,561,340 | |
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 26,936 | 90,209 | |
Maximum exposure | [1] | 17,599,392 | 14,551,784 |
Assets held | [1] | 11,931,895 | 10,561,340 |
Purchase and investment commitments | [1] | 5,650,847 | 3,980,356 |
Unused credit | [1] | 0 | 2,900 |
Acceptances and guarantees and loan commitments | [1] | ₩ 16,650 | ₩ 7,188 |
Methods of determining the maximum exposure | Investments /loans and Investment agreements | Investments /loans and Investment agreements | |
Description Of Comparison Between Assets And Liabilities Recognised In Relation To Structured Entities And Maximum Exposure To Loss From Interests In Structured Entities | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | |
Investment funds | Financial assets at fair value through profit or loss | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | ₩ 11,151,958 | ₩ 9,846,278 | |
Investment funds | Derivative financial assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Investment funds | Loans measured at amortized cost | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 379,727 | 293,221 | |
Investment funds | Financial investments | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Investment funds | Investment In Aassociates | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 396,953 | 352,488 | |
Investment funds | Other assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 3,257 | 69,353 | |
Investment funds | Deposits | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 26,839 | 90,131 | |
Investment funds | Derivative financial liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Investment funds | Other liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 97 | 78 | |
Trusts | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Total assets of unconsolidated Structured Entity | 1,984,006 | 2,287,172 | |
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 353,679 | 360,587 | |
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 1 | 0 | |
Maximum exposure | [1] | 371,966 | 389,014 |
Assets held | [1] | 353,679 | 360,587 |
Purchase and investment commitments | [1] | 0 | 0 |
Unused credit | [1] | 18,287 | 28,427 |
Acceptances and guarantees and loan commitments | [1] | ₩ 0 | ₩ 0 |
Methods of determining the maximum exposure | Trust paying dividends by results: Total amount of trust exposure | Trust paying dividends by results: Total amount of trust exposure | |
Description Of Comparison Between Assets And Liabilities Recognised In Relation To Structured Entities And Maximum Exposure To Loss From Interests In Structured Entities | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | |
Trusts | Financial assets at fair value through profit or loss | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | ₩ 0 | ₩ 0 | |
Trusts | Derivative financial assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Trusts | Loans measured at amortized cost | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 262,382 | 266,974 | |
Trusts | Financial investments | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Trusts | Investment In Aassociates | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Trusts | Other assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 91,297 | 93,613 | |
Trusts | Deposits | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Trusts | Derivative financial liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Trusts | Other liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 1 | 0 | |
Asset-backed securitization and others | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Total assets of unconsolidated Structured Entity | 116,115,027 | 99,012,931 | |
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 11,258,163 | 8,504,809 | |
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 359,264 | 425,643 | |
Maximum exposure | [1] | 15,723,704 | 11,978,973 |
Assets held | [1] | 11,258,163 | 8,504,809 |
Purchase and investment commitments | [1] | 761,200 | 945,598 |
Unused credit | [1] | 3,020,084 | 1,927,902 |
Acceptances and guarantees and loan commitments | [1] | ₩ 684,257 | ₩ 600,664 |
Methods of determining the maximum exposure | Providing credit lines/ purchase commitments/ loan commitments and acceptances and guarantees | Providing credit lines/ purchase commitments/ loan commitments and acceptances and guarantees | |
Description Of Comparison Between Assets And Liabilities Recognised In Relation To Structured Entities And Maximum Exposure To Loss From Interests In Structured Entities | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. | |
Asset-backed securitization and others | Financial assets at fair value through profit or loss | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | ₩ 2,308,917 | ₩ 2,405,228 | |
Asset-backed securitization and others | Derivative financial assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 3,005 | 2,959 | |
Asset-backed securitization and others | Loans measured at amortized cost | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 1,080,824 | 920,863 | |
Asset-backed securitization and others | Financial investments | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 7,849,054 | 5,166,578 | |
Asset-backed securitization and others | Investment In Aassociates | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 0 | 0 | |
Asset-backed securitization and others | Other assets | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities | 16,363 | 9,181 | |
Asset-backed securitization and others | Deposits | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 344,221 | 409,246 | |
Asset-backed securitization and others | Derivative financial liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | 1,307 | 228 | |
Asset-backed securitization and others | Other liabilities | |||
Disclosure Of Unconsolidated Structured Entities Line Items [Line Items] | |||
Liabilities Recognised In Entitys Financial Statements In Relation To Structured Entities | ₩ 13,736 | ₩ 16,169 | |
[1] | Maximum exposure includes the asset amounts, after deducting loss (provision for credit losses, impairment losses and others), recognized in the consolidated financial statements of the Group. |
Related Party Transactions_Prof
Related Party Transactions_Profit And Loss Arising From Transactions With Related Parties(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |||
Balhae Infrastructure Company | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | ₩ 6,817 | ₩ 6,743 | ₩ 6,691 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 1,733 | 1,718 | |||
Korea Credit Bureau Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 7 | 21 | 127 | ||
Fee and commission income | 957 | 1,056 | 1,194 | ||
Fee and commission expense | 3,280 | 2,541 | 1,909 | ||
Insurance income | 5 | 3 | 0 | ||
Other operating expense | 1 | 0 | 4 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Loans measured at amortized cost (gross amount) | 36 | 43 | |||
Deposits | 19,982 | 17,966 | |||
Provisions | 0 | 1 | |||
Insurance liabilities | 1 | 2 | |||
Other liabilities | 623 | 0 | |||
KoFC KBIC Frontier Champ 2010-5(PEF) | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | [1] | ₩ 0 | 0 | 197 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
KB GwS Private Securities Investment Trust | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | ₩ 853 | 851 | 851 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 641 | 641 | |||
Incheon Bridge Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | 4,345 | 8,612 | 9,426 | ||
Interest expense | 334 | 483 | 296 | ||
Fee and commission income | 23 | 0 | 9 | ||
Fee and commission expense | 6 | 7 | 2 | ||
Insurance income | 279 | 284 | 365 | ||
Gains on financial instruments at fair value through profit or loss | 899 | 4,975 | 2,655 | ||
Reversal of credit losses | 0 | 5 | 6 | ||
Provision for credit losses | 472 | 1 | 1 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 38,756 | 37,857 | |||
Loans measured at amortized cost (gross amount) | 133,002 | 147,707 | |||
Allowances for credit losses | 202 | 12 | |||
Other assets | 545 | 520 | |||
Deposits | 39,520 | 45,447 | |||
Provisions | 292 | 10 | |||
Insurance liabilities | 109 | 108 | |||
Other liabilities | 205 | 346 | |||
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 12 | 178 | 210 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 0 | 89 | |||
Aju Good Technology Venture Fund | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 18 | 22 | 30 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 3,093 | 5,456 | |||
Other liabilities | 1 | 2 | |||
KB Star Office Private Real Estate Investment Trust No.1 | |||||
Related Party Transactions [Abstract] | |||||
Interest income | 371 | 370 | 370 | ||
Interest expense | 61 | 208 | 93 | ||
Fee and commission income | 436 | 435 | 435 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Loans measured at amortized cost (gross amount) | 10,000 | 10,000 | |||
Allowances for credit losses | 5 | 4 | |||
Other assets | 137 | 136 | |||
Deposits | 4,255 | 8,293 | |||
Other liabilities | 24 | 66 | |||
RAND Bio Science Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 11 | 5 | 3 | ||
Other non-operating expense | 0 | 843 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Loans measured at amortized cost (gross amount) | 1 | 1 | |||
Deposits | 693 | 4,452 | |||
Inno Lending Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | [1] | ₩ 0 | 0 | 1 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
SY Auto Capital Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | ₩ 1,097 | 1,016 | 1,279 | ||
Interest expense | 2 | 1 | 0 | ||
Fee and commission income | 39 | 34 | 73 | ||
Fee and commission expense | 132 | 389 | 840 | ||
Insurance income | 40 | 32 | 33 | ||
Other operating income | 1,709 | 689 | 621 | ||
Other operating expense | 121 | 288 | 415 | ||
Reversal of credit losses | 17 | 13 | 0 | ||
Provision for credit losses | 0 | 0 | 14 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Loans measured at amortized cost (gross amount) | 40,060 | 41,990 | |||
Allowances for credit losses | 57 | 4 | |||
Other assets | 65 | 63 | |||
Deposits | 6 | 8 | |||
Provisions | 0 | 13 | |||
Insurance liabilities | 13 | 13 | |||
Other liabilities | ₩ 76 | ₩ 70 | |||
Description Of Transactions With Related Party | the Group purchased installment financial assets, etc. from SY Auto Capital Co., Ltd. amounting to KRW 1,393,346 million and KRW 1,504,217 million for the years ended December 31, 2019 and 2020, respectively. | the Group purchased installment financial assets, etc. from SY Auto Capital Co., Ltd. amounting to KRW 1,393,346 million and KRW 1,504,217 million for the years ended December 31, 2019 and 2020, respectively. | |||
Food Factory Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | ₩ 52 | ₩ 41 | 9 | ||
Interest expense | 12 | 0 | 0 | ||
Fee and commission expense | 4 | 12 | 1 | ||
Insurance income | 5 | 4 | 5 | ||
Gains on financial instruments at fair value through profit or loss | 72 | 60 | 30 | ||
Reversal of credit losses | 0 | 0 | 1 | ||
Provision for credit losses | 8 | 1 | 1 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 662 | 590 | |||
Loans measured at amortized cost (gross amount) | 3,210 | 1,992 | |||
Allowances for credit losses | 8 | 2 | |||
Other assets | 3 | 1 | |||
Deposits | 1,555 | 1,073 | |||
Provisions | 2 | 0 | |||
Insurance liabilities | 5 | 4 | |||
Other liabilities | 9 | 1 | |||
KB Pre IPO Secondary Venture Fund No.1 | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 3 | 7 | 27 | ||
Fee and commission income | 110 | 110 | 110 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 629 | 2,955 | |||
Other liabilities | 0 | 1 | |||
Built On Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | [1] | 0 | 1 | 4 | |
Insurance income | [1] | 0 | 1 | 2 | |
Losses on financial instruments at fair value through profit or loss | [1] | ₩ 0 | 0 | 1 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
KB Private Equity Fund No.3 | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | ₩ 463 | 480 | 521 | ||
Wise Asset Management Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 0 | 2 | 9 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 0 | 21 | |||
Acts Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | 1 | 1 | 0 | ||
Insurance income | 0 | 1 | 2 | ||
Gains on financial instruments at fair value through profit or loss | 0 | 30 | 0 | ||
Losses on financial instruments at fair value through profit or loss | 0 | 0 | 1,851 | ||
Other non-operating expense | 0 | 0 | 1,246 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 18 | 1 | |||
Insurance liabilities | 1 | 0 | |||
Other liabilities | 100 | 100 | |||
Dongjo Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Insurance income | 1 | 2 | 2 | ||
Reversal of credit losses | 0 | 0 | 31 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Insurance liabilities | 1 | 1 | |||
APRO Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | [1] | 7 | 19 | 0 | |
Interest expense | [1] | 1 | 4 | 1 | |
Fee and commission expense | [1] | 0 | 17 | 0 | |
Insurance income | [1] | 1 | 4 | 5 | |
Provision for credit losses | [1] | 1 | 0 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Loans measured at amortized cost (gross amount) | [2] | 0 | 2,019 | ||
Deposits | [2] | 0 | 3,201 | ||
Insurance liabilities | [2] | 0 | 2 | ||
Other liabilities | ₩ 0 | 1 | [2] | ||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020, therefore, the remaining outstanding balances with those entities are not disclosed. | ||||
POSCO-KB Shipbuilding Fund | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | ₩ 0 | 0 | 81 | ||
Fee and commission income | 387 | 490 | 490 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 264 | 0 | |||
Dae-A Leisure Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 7 | 8 | 9 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 636 | 753 | |||
Other liabilities | 21 | 14 | |||
Paycoms Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | 10 | 10 | 10 | ||
Insurance income | 0 | 1 | 1 | ||
Gains on financial instruments at fair value through profit or loss | 69 | 125 | 125 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 1,226 | 1,157 | |||
Other assets | 1 | 1 | |||
Deposits | 1 | 1 | |||
Big Dipper Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission expense | 768 | 0 | 0 | ||
Reversal of credit losses | 0 | 0 | 2 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Loans measured at amortized cost (gross amount) | 4 | 11 | |||
Deposits | 1 | 6 | |||
KB-TS Technology Venture Private Equity Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 126 | 730 | 305 | ||
KB-SJ Tourism Venture Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 338 | 422 | 314 | ||
JLK Inspection Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | [1] | 0 | 0 | 6 | |
Interest expense | [1] | ₩ 0 | 1 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
TESTIAN Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | [1] | ₩ 0 | 3 | 4 | |
Gains on financial instruments at fair value through profit or loss | [1] | ₩ 0 | 0 | 83 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
Rainist Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | ₩ 0 | 0 | 2 | ||
Fee and commission income | 36 | 39 | 0 | ||
Fee and commission expense | 5 | 0 | 0 | ||
Gains on financial instruments at fair value through profit or loss | 1,636 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 9,141 | 7,504 | |||
Iwon Alloy Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Insurance income | 1 | 2 | 1 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Insurance liabilities | 0 | 1 | |||
RMGP Bio-Pharma Investment Fund, L.P. | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 27 | 0 | 0 | ||
Gains on financial instruments at fair value through profit or loss | 0 | 947 | 0 | ||
Losses on financial instruments at fair value through profit or loss | 489 | 2,120 | 0 | ||
Other non-operating income | 33 | 10 | |||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 4,250 | 3,419 | |||
Other liabilities | 71 | 2 | |||
Hasys. | |||||
Related Party Transactions [Abstract] | |||||
Insurance income | 63 | 50 | 4 | ||
Gains on financial instruments at fair value through profit or loss | 0 | 136 | 0 | ||
Losses on financial instruments at fair value through profit or loss | 0 | 0 | 136 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 6,000 | 6,000 | |||
Deposits | 1 | 0 | |||
Insurance liabilities | 39 | 37 | |||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 40 | 89 | 21 | ||
Fee and commission income | 734 | 735 | 108 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 8,097 | 13,118 | |||
Other liabilities | 1 | 4 | |||
Spark Biopharma Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | [1] | ₩ 0 | 59 | 25 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
KB No.8 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | [1] | ₩ 0 | 0 | 17 | |
Losses on financial instruments at fair value through profit or loss | [1] | ₩ 0 | 0 | 2,330 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
KB No.9 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | [1] | ₩ 0 | (23) | 43 | |
Gains on financial instruments at fair value through profit or loss | [1] | 0 | 0 | 48 | |
Losses on financial instruments at fair value through profit or loss | [1] | ₩ 0 | 0 | 2,256 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
KB No.10 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | [1] | ₩ 0 | 18 | 30 | |
Gains on financial instruments at fair value through profit or loss | [1] | ₩ 0 | 3,066 | 121 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
KB No.11 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | [1] | ₩ 0 | 9 | 12 | |
Gains on financial instruments at fair value through profit or loss | [1] | ₩ 0 | 118 | 56 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
Hyundai-Tongyang Agrifood Private Equity Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | [1] | ₩ 0 | 0 | 151 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
KB IGen Private Equity Fund No.1 | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | [2] | ₩ 0 | 147 | ||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020, therefore, the remaining outstanding balances with those entities are not disclosed. | ||||
Keystone-Hyundai Securities No. 1 Private Equity Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | ₩ 115 | 90 | 116 | ||
Doosung Metal Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Insurance income | [1] | ₩ 0 | 0 | 1 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
Jungdo Co., Ltd. [Member] | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | ₩ 4 | 4 | |||
Bungaejangter. Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | [1] | ₩ 0 | 0 | 60 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
COMPUTERLIFE Co., Ltd. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | ₩ 0 | 1 | |||
RMGP Bio-Pharma Investment, L.P. | |||||
Related Party Transactions [Abstract] | |||||
Losses on financial instruments at fair value through profit or loss | 1 | 0 | 0 | ||
Other non-operating income | 0 | ||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 9 | 8 | |||
SKYDIGITAL INC. | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 4 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 15 | 25 | |||
MJT&I Corp. | |||||
Related Party Transactions [Abstract] | |||||
Insurance income | 0 | 1 | 0 | ||
KB No.17 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 25 | 28 | 0 | ||
Fee and commission income | 0 | 175 | 0 | ||
Gains on financial instruments at fair value through profit or loss | 4 | 1,384 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 2,687 | 2,683 | |||
Deposits | 1,711 | 1,742 | |||
Other liabilities | 23 | 27 | |||
KB-KDBC Pre-IPO New Technology Business Investment Fund | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 23 | 58 | 39 | ||
Fee and commission income | 300 | 449 | 322 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 923 | 7,054 | |||
Other liabilities | 0 | 4 | |||
Jo Yang Industrial Co., Ltd. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 2 | 2 | |||
Fabric Time Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 47 | 0 | 0 | ||
Fee and commission income | 9 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 3,345 | 1,845 | |||
Loans measured at amortized cost (gross amount) | 59 | 0 | |||
Deposits | 3,947 | 395 | |||
Provisions | 1 | 0 | |||
Other liabilities | 40 | 2 | |||
KB No.18 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 31 | 28 | 0 | ||
Fee and commission income | 0 | 263 | 0 | ||
Gains on financial instruments at fair value through profit or loss | 84 | 1,898 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 3,873 | 3,786 | |||
Deposits | 2,101 | 2,140 | |||
Other liabilities | 19 | 28 | |||
KB No.19 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 13 | 8 | 0 | ||
Fee and commission income | 0 | 150 | 0 | ||
Gains on financial instruments at fair value through profit or loss | 11 | 1,044 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 2,055 | 2,043 | |||
Deposits | 1,053 | 1,093 | |||
Other liabilities | 3 | 7 | |||
KB No.20 Special Purpose Acquisition Company | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 25 | 3 | 0 | ||
Fee and commission income | 210 | 0 | 0 | ||
Gains on financial instruments at fair value through profit or loss | 1,568 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 3,067 | 1,499 | |||
Deposits | 1,716 | 1,984 | |||
Other liabilities | 1 | 3 | |||
KB SPROTT Renewable Private Equity Fund No.1 | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 488 | 490 | 0 | ||
KB-Stonebridge Secondary Private Equity Fund [Member] | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 1,442 | 1,444 | 0 | ||
CWhy Inc. | |||||
Related Party Transactions [Abstract] | |||||
Insurance income | 0 | 3 | 0 | ||
Losses on financial instruments at fair value through profit or loss | 2,000 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 0 | 2,000 | |||
Stratio, Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 0 | 1 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 1,000 | 1,000 | |||
Deposits | 13 | 726 | |||
NEXELON Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | [1] | ₩ 0 | 2 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
CellinCells Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | ₩ 4 | 19 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 2,000 | 2,000 | |||
Loans measured at amortized cost (gross amount) | 24 | 4 | |||
Deposits | 260 | 1,545 | |||
Other liabilities | 0 | 1 | |||
Bomapp Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 0 | 1 | 0 | ||
Fee and commission expense | 9 | 0 | 0 | ||
Insurance income | 8 | 1 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 1,999 | 1,999 | |||
Insurance liabilities | 2 | 2 | |||
KB Social Impact Investment Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 300 | 121 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 0 | 73 | |||
KB-Solidus Global Healthcare Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 777 | 81 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 707 | 0 | |||
BNF Corporation Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | [1] | 401 | 7 | 0 | |
Fee and commission income | [1] | 2 | 0 | 0 | |
Gains on financial instruments at fair value through profit or loss | [1] | 0 | 158 | 0 | |
Provision for credit losses | [1] | 8 | 1 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | [2] | 0 | 2,259 | ||
Loans measured at amortized cost (gross amount) | [2] | 0 | 1,400 | ||
Other assets | [2] | 0 | 2 | ||
Deposits | [2] | 0 | 947 | ||
Other liabilities | [2] | ₩ 0 | 6 | ||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020, therefore, the remaining outstanding balances with those entities are not disclosed. | ||||
KB Cape No.1 Private Equity Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | [1] | ₩ 144 | 97 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 2,000 | 2,000 | |||
Other assets | 144 | 0 | |||
ALS Co., Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | [1] | ₩ 0 | 194 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
Honest Fund, Inc. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | ₩ 3,999 | 3,999 | |||
MitoImmune Therapeutics | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 5,000 | 5,000 | |||
Bioprotect Ltd. | |||||
Related Party Transactions [Abstract] | |||||
Losses on financial instruments at fair value through profit or loss | 216 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 3,264 | 0 | |||
KB-MDI Centauri Fund LP | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 308 | 0 | 0 | ||
Losses on financial instruments at fair value through profit or loss | 322 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 4,280 | 0 | |||
Other assets | 308 | 0 | |||
S&E BIO | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 1 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 2,000 | 0 | |||
Deposits | 1,142 | 0 | |||
Contents First | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 14 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 6,146 | 0 | |||
Deposits | 1,823 | 0 | |||
Other liabilities | 7 | 0 | |||
GENINUS Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 70 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 5,599 | 0 | |||
Deposits | 13,630 | 0 | |||
Other liabilities | 15 | 0 | |||
COSES GT | |||||
Related Party Transactions [Abstract] | |||||
Interest income | 6 | 0 | 0 | ||
Losses on financial instruments at fair value through profit or loss | 0 | 5 | 0 | ||
Provision for credit losses | 4 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 4,930 | 2,930 | |||
Loans measured at amortized cost (gross amount) | 500 | 0 | |||
Allowances for credit losses | 4 | 0 | |||
Other assets | 1 | 0 | |||
Deposits | 292 | 0 | |||
Insurance liabilities | 1 | 0 | |||
WJ Private Equity Fund No.1 | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 5 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 2 | 0 | |||
Deposits | 349 | 0 | |||
UPRISE, Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest income | 2 | 0 | 0 | ||
Provision for credit losses | 1 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 250 | 250 | |||
Loans measured at amortized cost (gross amount) | 500 | 0 | |||
Allowances for credit losses | 1 | 0 | |||
Deposits | 11 | 0 | |||
KB-UTC Inno-Tech Venture Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 371 | 0 | 0 | ||
KBSP Private Equity Fund No.4 | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 480 | 0 | 0 | ||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 237 | 0 | 0 | ||
JR GLOBAL REIT | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 6,210 | 0 | 0 | ||
IGIS No.371 Professional Investors' Real Estate Investment Company | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | [1] | ₩ 200 | 0 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
Koreit Tower Real Estate Investment Trust Company | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | [1] | ₩ 2,852 | 0 | 0 | |
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Description Of Transactions With Related Party | Excluded from the Group's related party as of December 31, 2020. | ||||
2020 KB Fintech Renaissance Fund | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | ₩ 60 | 0 | 0 | ||
KB Material and Parts No.1 PEF | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 63 | 0 | 0 | ||
FineKB Private Equity Fund No.1 | |||||
Related Party Transactions [Abstract] | |||||
Fee and commission income | 38 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 38 | 0 | |||
Bluepointpartners Inc. | |||||
Related Party Transactions [Abstract] | |||||
Losses on financial instruments at fair value through profit or loss | 68 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 1,432 | 0 | |||
Channel Corporation | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 4,551 | 2,000 | |||
GOMI CORPORATION | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 500 | 0 | |||
Loans measured at amortized cost (gross amount) | 9 | 0 | |||
Deposits | 37 | 0 | |||
Copin Communications, Inc. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 1,500 | 0 | |||
Go2joy Co., Ltd. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 1,200 | 0 | |||
ClavisTherapeutics, Inc. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 2,000 | 0 | |||
4N Inc. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 200 | 0 | |||
Deposits | 76 | 0 | |||
Xenohelix Co., Ltd. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 2,100 | 0 | |||
OKXE Inc. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Financial assets at fair value through profit or loss | 800 | 0 | |||
NEOMIO CORP. | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 535 | 0 | |||
December & Company Inc. | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 1 | 0 | 0 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Deposits | 1 | 0 | |||
Key management | |||||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Loans measured at amortized cost (gross amount) | 5,153 | 3,538 | |||
Allowances for credit losses | 2 | 1 | |||
Other assets | 5 | 3 | |||
Deposits | 17,167 | 15,339 | |||
Insurance liabilities | 2,501 | 1,984 | |||
Other liabilities | 371 | 289 | |||
Retirement pension | |||||
Related Party Transactions [Abstract] | |||||
Interest expense | 3 | 4 | 3 | ||
Fee and commission income | 1,077 | 939 | ₩ 876 | ||
Outstanding Balances For Related Party Transactions Abstract [Abstract] | |||||
Other assets | 295 | 366 | |||
Other liabilities | ₩ 10,600 | ₩ 17,620 | |||
[1] | Excluded from the Group's related party as of December 31, 2020. | ||||
[2] | Excluded from the Group's related party as of December 31, 2020, therefore, the remaining outstanding balances with those entities are not disclosed. |
Related Party Transactions_Sign
Related Party Transactions_Significant Loan Transactions With Related Parties(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Korea Credit Bureau Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | ₩ 43 | ₩ 22 | ||
Increase | 36 | 43 | ||
Decrease | (43) | (22) | ||
Ending | 36 | 43 | ₩ 22 | |
Incheon Bridge Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 185,564 | 191,088 | ||
Increase | 901 | 4,982 | ||
Decrease | (14,707) | (10,506) | ||
Ending | 171,758 | 185,564 | 191,088 | |
KB Star Office Private Real Estate Investment Trust No.1 | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 10,000 | 10,000 | ||
Increase | 0 | 0 | ||
Decrease | 0 | 0 | ||
Ending | 10,000 | 10,000 | 10,000 | |
RAND Bio Science Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1 | 1 | ||
Increase | 1 | 1 | ||
Decrease | (1) | (1) | ||
Ending | 1 | 1 | 1 | |
SY Auto Capital Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 41,990 | 48,356 | ||
Increase | 11,310 | 28,088 | ||
Decrease | (13,240) | (34,454) | ||
Ending | 40,060 | 41,990 | 48,356 | |
Food Factory Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,582 | 730 | ||
Increase | 1,314 | 1,872 | ||
Decrease | (24) | (20) | ||
Ending | 3,872 | 2,582 | 730 | |
Built On Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 0 | 401 | |
Increase | [1] | 0 | ||
Decrease | [1] | (401) | ||
Ending | [1] | ₩ 0 | ₩ 401 | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | ||
Acts Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | ₩ 0 | ||
Increase | 74 | 68 | ||
Decrease | (74) | (68) | ||
Ending | 0 | 0 | ₩ 0 | |
Paycoms Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,157 | 1,032 | ||
Increase | 69 | 125 | ||
Decrease | 0 | 0 | ||
Ending | 1,226 | 1,157 | 1,032 | |
Big Dipper Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 11 | 5 | ||
Increase | 4 | 11 | ||
Decrease | (11) | (5) | ||
Ending | 4 | 11 | 5 | |
JLK Inspection Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 0 | 7,300 | |
Increase | [1] | (7,300) | ||
Decrease | [1] | 0 | ||
Ending | [1] | ₩ 0 | ₩ 7,300 | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | ||
TESTIAN Inc. [Member] | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 0 | ₩ 615 | |
Increase | [1] | 24 | ||
Decrease | [1] | (639) | ||
Ending | [1] | ₩ 0 | ₩ 615 | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | ||
RMGP Bio-Pharma Investment Fund, L.P. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 3,419 | ₩ 3,051 | ||
Increase | 831 | 368 | ||
Decrease | 0 | 0 | ||
Ending | 4,250 | 3,419 | ₩ 3,051 | |
RMGP Bio-Pharma Investment, L.P. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 8 | 4 | ||
Increase | 1 | 4 | ||
Decrease | 0 | 0 | ||
Ending | 9 | 8 | 4 | |
Hasys. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 6,000 | 5,864 | ||
Increase | 0 | 136 | ||
Decrease | 0 | 0 | ||
Ending | 6,000 | 6,000 | 5,864 | |
Rainist Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 7,504 | 2,504 | ||
Increase | 1,637 | 5,000 | ||
Decrease | 0 | 0 | ||
Ending | 9,141 | 7,504 | 2,504 | |
Spark Biopharma Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 0 | 6,500 | |
Increase | [1] | (6,500) | ||
Decrease | [1] | 0 | ||
Ending | [1] | ₩ 0 | ₩ 6,500 | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | ||
Stratio, Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,000 | ₩ 1,000 | ||
Increase | 0 | 0 | ||
Decrease | 0 | 0 | ||
Ending | 1,000 | 1,000 | ₩ 1,000 | |
KB No.9 Special Purpose Acquisition Company | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 0 | 2,481 | |
Increase | [1] | 0 | ||
Decrease | [1] | (2,481) | ||
Ending | [1] | ₩ 0 | ₩ 2,481 | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | ||
KB No.10 Special Purpose Acquisition Company | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 0 | ₩ 2,025 | |
Increase | [1] | 0 | ||
Decrease | [1] | (2,025) | ||
Ending | [1] | ₩ 0 | ₩ 2,025 | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | ||
KB No.11 Special Purpose Acquisition Company | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 0 | ₩ 737 | |
Increase | [1] | 0 | ||
Decrease | [1] | (737) | ||
Ending | [1] | ₩ 0 | ₩ 737 | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | ||
KB Cape No.1 Private Equity Fund | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,000 | ₩ 0 | ||
Increase | 0 | 2,000 | ||
Decrease | 0 | 0 | ||
Ending | 2,000 | 2,000 | ₩ 0 | |
APRO Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 2,019 | 0 | |
Increase | [1] | 2,000 | 2,019 | |
Decrease | [1] | (4,019) | 0 | |
Ending | [1] | ₩ 0 | ₩ 2,019 | ₩ 0 |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | |
Honest Fund, Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | ₩ 3,999 | ₩ 0 | ||
Increase | 0 | 3,999 | ||
Decrease | 0 | 0 | ||
Ending | 3,999 | 3,999 | ₩ 0 | |
CellinCells Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,004 | 0 | ||
Increase | 24 | 2,004 | ||
Decrease | (4) | 0 | ||
Ending | 2,024 | 2,004 | 0 | |
KB No.17 Special Purpose Acquisition Company | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,683 | 0 | ||
Increase | 4 | 2,683 | ||
Decrease | 0 | 0 | ||
Ending | 2,687 | 2,683 | 0 | |
KB No.18 Special Purpose Acquisition Company | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 3,786 | 0 | ||
Increase | 87 | 3,786 | ||
Decrease | 0 | 0 | ||
Ending | 3,873 | 3,786 | 0 | |
KB No.19 Special Purpose Acquisition Company | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,043 | 0 | ||
Increase | 12 | 2,043 | ||
Decrease | 0 | 0 | ||
Ending | 2,055 | 2,043 | 0 | |
KB No.20 Special Purpose Acquisition Company | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,499 | 0 | ||
Increase | 1,568 | 1,499 | ||
Decrease | 0 | 0 | ||
Ending | 3,067 | 1,499 | 0 | |
COSES GT | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,930 | 0 | ||
Increase | 2,500 | 2,930 | ||
Decrease | 0 | 0 | ||
Ending | 5,430 | 2,930 | 0 | |
CWhy Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,000 | 0 | ||
Increase | 0 | 2,000 | ||
Decrease | (2,000) | 0 | ||
Ending | 0 | 2,000 | 0 | |
Bomapp Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,999 | 0 | ||
Increase | 0 | 1,999 | ||
Decrease | 0 | 0 | ||
Ending | 1,999 | 1,999 | 0 | |
MitoImmune Therapeutics | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 5,000 | 0 | ||
Increase | 0 | 5,000 | ||
Decrease | 0 | 0 | ||
Ending | 5,000 | 5,000 | 0 | |
Fabric Time Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,845 | 0 | ||
Increase | 1,559 | 1,845 | ||
Decrease | 0 | 0 | ||
Ending | 3,404 | 1,845 | 0 | |
BNF Corporation Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [1] | 3,659 | 0 | |
Increase | [1] | 1,000 | 3,659 | |
Decrease | [1] | (4,659) | 0 | |
Ending | [1] | ₩ 0 | ₩ 3,659 | ₩ 0 |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | |
CARLIFE Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | ₩ 0 | |||
Increase | 22 | |||
Decrease | (22) | |||
Ending | 0 | ₩ 0 | ||
UPRISE, Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 250 | 250 | ||
Increase | 500 | 0 | ||
Decrease | 0 | 0 | ||
Ending | 750 | 250 | ₩ 250 | |
Channel Corporation | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,000 | 0 | ||
Increase | 2,551 | 2,000 | ||
Decrease | 0 | 0 | ||
Ending | 4,551 | 2,000 | 0 | |
Bioprotect Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 3,264 | |||
Decrease | 0 | |||
Ending | 3,264 | 0 | ||
GOMI CORPORATION | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 509 | |||
Decrease | 0 | |||
Ending | 509 | 0 | ||
Copin Communications, Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 1,500 | |||
Decrease | 0 | |||
Ending | 1,500 | 0 | ||
Go2joy Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 1,200 | |||
Decrease | 0 | |||
Ending | 1,200 | 0 | ||
ClavisTherapeutics, Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 2,000 | |||
Decrease | 0 | |||
Ending | 2,000 | 0 | ||
S&E BIO | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 2,000 | |||
Decrease | 0 | |||
Ending | 2,000 | 0 | ||
Bluepointpartners Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 1,432 | |||
Decrease | 0 | |||
Ending | 1,432 | 0 | ||
4N Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 200 | |||
Decrease | 0 | |||
Ending | 200 | 0 | ||
Xenohelix Co., Ltd. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 2,100 | |||
Decrease | 0 | |||
Ending | 2,100 | 0 | ||
Contents First | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 6,146 | |||
Decrease | 0 | |||
Ending | 6,146 | 0 | ||
KB-MDI Centauri Fund LP | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 4,280 | |||
Decrease | 0 | |||
Ending | 4,280 | 0 | ||
OKXE Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 800 | |||
Decrease | 0 | |||
Ending | 800 | 0 | ||
GENINUS Inc. | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | |||
Increase | 5,599 | |||
Decrease | 0 | |||
Ending | 5,599 | 0 | ||
Key management | ||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 3,538 | 2,404 | ||
Increase | 5,141 | 2,006 | ||
Decrease | (3,526) | (872) | ||
Ending | ₩ 5,153 | ₩ 3,538 | ₩ 2,404 | |
[1] | Excluded from the Group's related party as of December 31, 2020. |
Related Party Transactions_Si_2
Related Party Transactions_Significant Borrowing Transactions With Related Parties(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | |||
Korea Credit Bureau Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | ₩ 17,966 | ₩ 15,674 | ||
Borrowing | 1,000 | 0 | ||
Repayment | 0 | (3,000) | ||
Others | [1] | 1,016 | 5,292 | |
Ending | 19,982 | 17,966 | ||
Incheon Bridge Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 45,447 | 43,666 | ||
Borrowing | 20,000 | 25,260 | ||
Repayment | (21,260) | (5,260) | ||
Others | [1] | (4,667) | (18,219) | |
Ending | 39,520 | 45,447 | ||
Terra Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Repayment | 0 | |||
NEXELON Inc. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 0 | 0 | |
Borrowing | [2] | 0 | ||
Repayment | 0 | (200) | [2] | |
Others | [1],[2] | 200 | ||
Ending | [2] | 0 | ||
Jo Yang Industrial Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2 | 0 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | 0 | 2 | |
Ending | 2 | 2 | ||
Fabric Time Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 395 | 0 | ||
Borrowing | 7,002 | 0 | ||
Repayment | (3,801) | 0 | ||
Others | [1] | 351 | 395 | |
Ending | 3,947 | 395 | ||
BNF Corporation Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 947 | 0 | |
Borrowing | [2] | 0 | 0 | |
Repayment | [2] | 0 | 0 | |
Others | [1],[2] | (947) | 947 | |
Ending | [2] | 0 | 947 | |
KB No.17 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,742 | 0 | ||
Borrowing | 1,525 | 1,500 | ||
Repayment | (1,500) | 0 | ||
Others | [1] | (56) | 242 | |
Ending | 1,711 | 1,742 | ||
KB No.18 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,140 | 0 | ||
Borrowing | 2,063 | 2,200 | ||
Repayment | (2,100) | (100) | ||
Others | [1] | (2) | 40 | |
Ending | 2,101 | 2,140 | ||
KB No.19 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,093 | 0 | ||
Borrowing | 1,000 | 1,000 | ||
Repayment | (1,000) | 0 | ||
Others | [1] | (40) | 93 | |
Ending | 1,053 | 1,093 | ||
KB No.20 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,984 | 0 | ||
Borrowing | 1,522 | 1,500 | ||
Repayment | (1,500) | 0 | ||
Others | [1] | (290) | 484 | |
Ending | 1,716 | 1,984 | ||
CellinCells Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,545 | 0 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (1,285) | 1,545 | |
Ending | 260 | 1,545 | ||
Stratio, Inc. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 726 | 516 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (713) | 210 | |
Ending | 13 | 726 | ||
Jungdong Steel Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Repayment | 0 | |||
Jungdo Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 4 | 4 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | 0 | 0 | |
Ending | 4 | 4 | ||
Dae-A Leisure Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 753 | 1,229 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (117) | (476) | |
Ending | 636 | 753 | ||
Daesang Techlon Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Repayment | 0 | |||
Aju Good Technology Venture Fund | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 5,456 | 6,439 | ||
Borrowing | 1,442 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (3,805) | (983) | |
Ending | 3,093 | 5,456 | ||
KB Pre IPO Secondary Venture Fund No.1 | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 2,955 | 1,115 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (2,326) | 1,840 | |
Ending | 629 | 2,955 | ||
KB Star Office Private Real Estate Investment Trust No.1 | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 8,293 | 7,946 | ||
Borrowing | 2,117 | 5,018 | ||
Repayment | (5,630) | (5,072) | ||
Others | [1] | (525) | 401 | |
Ending | 4,255 | 8,293 | ||
KB No.8 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Repayment | 0 | |||
KB No.9 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 0 | 2,275 | |
Borrowing | [2] | 0 | ||
Repayment | 0 | (2,266) | [2] | |
Others | [1],[2] | (9) | ||
Ending | [2] | 0 | ||
KB No.10 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 0 | 1,666 | |
Borrowing | [2] | 0 | ||
Repayment | 0 | (1,618) | [2] | |
Others | [1],[2] | (48) | ||
Ending | [2] | 0 | ||
KB No.11 Special Purpose Acquisition Company | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 0 | 658 | |
Borrowing | [2] | 0 | ||
Repayment | 0 | (530) | [2] | |
Others | [1],[2] | (128) | ||
Ending | [2] | 0 | ||
SY Auto Capital Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 8 | 5 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (2) | 3 | |
Ending | 6 | 8 | ||
RAND Bio Science Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 4,452 | 232 | ||
Borrowing | 2,250 | 1,900 | ||
Repayment | (3,750) | 0 | ||
Others | [1] | (2,259) | 2,320 | |
Ending | 693 | 4,452 | ||
Wise Asset Management Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 21 | 696 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | (682) | ||
Others | [1] | (21) | 7 | |
Ending | 0 | 21 | ||
Built On Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 0 | 7 | |
Borrowing | [2] | 0 | ||
Repayment | 0 | 0 | [2] | |
Others | [1],[2] | (7) | ||
Ending | [2] | 0 | ||
Food Factory Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1,073 | 68 | ||
Borrowing | 1,503 | 0 | ||
Repayment | (1,003) | 0 | ||
Others | [1] | (18) | 1,005 | |
Ending | 1,555 | 1,073 | ||
Acts Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1 | 29 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | 17 | (28) | |
Ending | 18 | 1 | ||
Big Dipper Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 6 | 182 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (5) | (176) | |
Ending | 1 | 6 | ||
POSCO-KB Shipbuilding Fund | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Repayment | 0 | |||
Inno Lending Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Repayment | 0 | |||
Doosung Metal Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | 3 | ||
Borrowing | 0 | |||
Repayment | 0 | 0 | ||
Others | [1] | (3) | ||
Ending | 0 | |||
CARLIFE Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | 2 | ||
Borrowing | 0 | |||
Repayment | 0 | 0 | ||
Others | [1] | (2) | ||
Ending | 0 | |||
COMPUTERLIFE Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1 | 1 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (1) | 0 | |
Ending | 0 | 1 | ||
SKYDIGITAL INC. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 25 | 16 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (10) | 9 | |
Ending | 15 | 25 | ||
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 7,054 | 7,088 | ||
Borrowing | 1,500 | 15,000 | ||
Repayment | (6,500) | (10,000) | ||
Others | [1] | (1,131) | (5,034) | |
Ending | 923 | 7,054 | ||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 13,118 | 18,813 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | (5,021) | (5,695) | |
Ending | 8,097 | 13,118 | ||
Paycoms Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 1 | 1 | ||
Borrowing | 0 | 0 | ||
Repayment | 0 | 0 | ||
Others | [1] | 0 | 0 | |
Ending | 1 | 1 | ||
APRO Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 3,201 | 2,201 | |
Borrowing | [2] | 0 | 0 | |
Repayment | [2] | 0 | 0 | |
Others | [1],[2] | (3,201) | 1,000 | |
Ending | [2] | 0 | 3,201 | |
Rainist Co., Ltd. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 0 | 1 | ||
Borrowing | 0 | |||
Repayment | 0 | 0 | ||
Others | [1] | (1) | ||
Ending | 0 | |||
Spark Biopharma Inc. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 0 | 2,630 | |
Borrowing | [2] | 17,000 | ||
Repayment | 0 | (9,000) | [2] | |
Others | [1],[2] | (10,630) | ||
Ending | [2] | 0 | ||
KB IGen Private Equity Fund No.1 | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | [2] | 147 | 148 | |
Borrowing | [2] | 0 | 0 | |
Repayment | [2] | 0 | 0 | |
Others | [1],[2] | (147) | (1) | |
Ending | [2] | 0 | 147 | |
NEOMIO CORP. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 535 | ||
Ending | 535 | |||
WJ Private Equity Fund No.1 | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 349 | ||
Ending | 349 | |||
Hasys. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 1 | ||
Ending | 1 | |||
UPRISE, Inc. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 11 | ||
Ending | 11 | |||
COSES GT | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 292 | ||
Ending | 292 | |||
GOMI CORPORATION | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 37 | ||
Ending | 37 | |||
S&E BIO | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 1,142 | ||
Ending | 1,142 | |||
4N Inc. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 76 | ||
Ending | 76 | |||
Contents First | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 4,000 | |||
Repayment | (3,000) | |||
Others | [1] | 823 | ||
Ending | 1,823 | |||
December & Company Inc. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 1 | ||
Ending | 1 | |||
GENINUS Inc. | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Borrowing | 0 | |||
Repayment | 0 | |||
Others | [1] | 13,630 | ||
Ending | 13,630 | |||
Key management | ||||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||||
Beginning | 15,338 | 13,818 | ||
Borrowing | 21,319 | 13,520 | ||
Repayment | (20,410) | (14,611) | ||
Others | [1] | 920 | 2,611 | |
Ending | ₩ 17,167 | ₩ 15,338 | ||
[1] | Transactions between related parties, such as settlements arising from operating activities and deposits, are expressed in net amount. | |||
[2] | Excluded from the Group's related party as of December 31, 2020. |
Related Party Transactions_Si_3
Related Party Transactions_Significant Investment And Collection Transactions With Related Parties(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Korea Credit Bureau Co., Ltd. | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | ₩ 0 | ₩ 0 | |
Withdrawal and others | 90 | 135 | |
Balhae Infrastructure Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 894 | 592 | |
Withdrawal and others | 6,973 | 6,855 | |
KB SPROTT Renewable Private Equity Fund No.1 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 4,129 | 1,667 | |
Withdrawal and others | 0 | 0 | |
KB Social Impact Investment Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 1,500 | 1,500 | |
Withdrawal and others | 0 | 0 | |
KBSP Private Equity Fund No.4 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 6,100 | |
Withdrawal and others | 0 | 0 | |
KB-Stonebridge Secondary Private Equity Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 9,093 | 7,070 | |
Withdrawal and others | 0 | 1,855 | |
KB No.9 Special Purpose Acquisition Company | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | [1] | 0 | 0 |
Withdrawal and others | [1] | ₩ 0 | ₩ 16 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | |
KB No.17 Special Purpose Acquisition Company | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | ₩ 0 | ₩ 1 | |
Withdrawal and others | 0 | 0 | |
KB No.18 Special Purpose Acquisition Company | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 1 | |
Withdrawal and others | 0 | 0 | |
KB No.19 Special Purpose Acquisition Company | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 1 | |
Withdrawal and others | 0 | 0 | |
KB No.20 Special Purpose Acquisition Company | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 1 | |
Withdrawal and others | 0 | 0 | |
KB Cape No.1 Private Equity Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 2,000 | |
Withdrawal and others | 0 | 0 | |
KB-Solidus Global Healthcare Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 10,920 | 10,400 | |
Withdrawal and others | 4,940 | 13,520 | |
KB-UTC Inno-Tech Venture Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 16,965 | 450 | |
Withdrawal and others | 0 | 0 | |
KB-KDBC Pre-IPO New Technology Business Investment Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 5,000 | |
Withdrawal and others | 6,400 | 0 | |
POSCO-KB Shipbuilding Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 5,000 | 2,500 | |
Withdrawal and others | 2,125 | 0 | |
KoFC KBIC Frontier Champ 2010-5(PEF) | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | [1] | 0 | 0 |
Withdrawal and others | [1] | ₩ 0 | ₩ 138 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | |
KB GwS Private Securities Investment Trust | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | ₩ 0 | ₩ 0 | |
Withdrawal and others | 9,523 | 7,276 | |
Aju Good Technology Venture Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 1,960 | |
Withdrawal and others | 2,885 | 0 | |
KB-TS Technology Venture Private Equity Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 2,240 | 7,840 | |
Withdrawal and others | 5,488 | 2,240 | |
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 8,000 | 14,000 | |
Withdrawal and others | 3,200 | 0 | |
KB Star Office Private Real Estate Investment Trust No.1 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 0 | |
Withdrawal and others | 1,273 | 1,275 | |
KB-SJ Tourism Venture Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 1,500 | 1,500 | |
Withdrawal and others | 0 | 0 | |
KB Pre IPO Secondary Venture Fund No.1 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 0 | |
Withdrawal and others | 585 | 0 | |
WJ Private Equity Fund No.1 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 10,000 | 0 | |
Withdrawal and others | 0 | 0 | |
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 5,700 | 0 | |
Withdrawal and others | 0 | 0 | |
IGIS No.371 Professional Investors' Real Estate Investment Company | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | [1] | 10,000 | 0 |
Withdrawal and others | [1] | ₩ 10,000 | ₩ 0 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | |
Koreit Tower Real Estate Investment Trust Company | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | [1] | ₩ 30,000 | ₩ 0 |
Withdrawal and others | [1] | ₩ 30,000 | ₩ 0 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group's related party as of December 31, 2020. | Excluded from the Group's related party as of December 31, 2020. | |
Project Vanilla Co., Ltd. | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | ₩ 2,450 | ₩ 0 | |
Withdrawal and others | 0 | 0 | |
December & Company Inc. | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 30,000 | 0 | |
Withdrawal and others | 0 | 0 | |
2020 KB Fintech Renaissance Fund | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 550 | 0 | |
Withdrawal and others | 0 | 0 | |
KB Material and Parts No.1 PEF | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 3,400 | 0 | |
Withdrawal and others | 0 | 0 | |
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 0 | |
Withdrawal and others | 3,230 | 0 | |
All Together Korea Fund No.2 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 100,000 | 0 | |
Withdrawal and others | 90,127 | 0 | |
JR GLOBAL REIT | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 219,493 | 0 | |
Withdrawal and others | 3,639 | 0 | |
KB Private Equity Fund No.3 | |||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | |||
Equity investments | 0 | 0 | |
Withdrawal and others | ₩ 8,000 | ₩ 0 | |
[1] | Excluded from the Group's related party as of December 31, 2020. |
Related Party Transactions_Unus
Related Party Transactions_Unused Commitments To Related Parties(Details) ₩ in Millions | Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2019USD ($) | |
Balhae Infrastructure Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | ₩ 6,433 | ₩ 7,327 | |||
Korea Credit Bureau Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 564 | 557 | |||
KB GwS Private Securities Investment Trust | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 0 | 876 | |||
Aju Good Technology Venture Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 0 | 1,154 | |||
Incheon Bridge Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Loan commitments in Korean won | 20,000 | 20,000 | |||
Unused lines Of Credit for credit Card | 98 | 93 | |||
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Commitments On Loss Absorption Priority | 14,980 | 10,000 | |||
Purchase Of Securities | 0 | 12,550 | |||
SY Auto Capital Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Loan commitments in Korean won | 0 | 8,100 | |||
Unused lines Of Credit for credit Card | 90 | 60 | |||
KB No.18 Special Purpose Acquisition Company | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 15 | 15 | |||
KB No.19 Special Purpose Acquisition Company | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 0 | 1 | |||
CellinCells Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 0 | 20 | |||
RAND Bio Science Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 24 | 24 | |||
Food Factory Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Loan commitments in Korean won | 388 | 0 | |||
Unused lines Of Credit for credit Card | 73 | 25 | |||
Big Dipper Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 96 | 89 | |||
KB Pre IPO Secondary Venture Fund No.1 | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Commitments On Loss Absorption Priority | 1,671 | 1,671 | |||
POSCO-KB Shipbuilding Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 0 | 5,000 | |||
KB-TS Technology Venture Private Equity Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 3,696 | 5,936 | |||
KB-SJ Tourism Venture Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 500 | 2,000 | |||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 10,000 | 18,000 | |||
KB SPROTT Renewable Private Equity Fund No.1 | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 18,704 | 22,833 | |||
KB-Stonebridge Secondary Private Equity Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 18,837 | 27,930 | |||
KB Social Impact Investment Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 1,500 | 3,000 | |||
BNF Corporation Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Loan commitments in Korean won | [1] | 0 | 360 | ||
APRO Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | [1] | 0 | 96 | ||
KB-UTC Inno-Tech Venture Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 5,085 | 22,050 | |||
KB-Solidus Global Healthcare Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 2,120 | 24,700 | |||
RMGP Bio-Pharma Investment Fund, L.P. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | $ | $ 7,796,423 | $ 8,911,002 | |||
RMGP Bio-Pharma Investment, L.P. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | $ | 17,132 | 13,150 | |||
KB No.17 Special Purpose Acquisition Company | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 441 | 0 | |||
Fabric Time Co., Ltd. | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Unused lines Of Credit for credit Card | 7 | 0 | |||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 24,300 | 0 | |||
All Together Korea Fund No.2 | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 990,000 | 0 | |||
FineKB Private Equity Fund No.1 | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | 25,000 | 0 | |||
KB-MDI Centauri Fund LP | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Purchase Of Securities | $ | $ 13,537,500 | $ 0 | |||
Key management | |||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||
Loan commitments in Korean won | ₩ 1,760 | ₩ 1,695 | |||
[1] | Excluded from the Group's related party as of December 31, 2020. |
Related Party Transactions_Comp
Related Party Transactions_Compensation To Key Management(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Amounts Incurred By Entity For Provision Of Key Management Personnel Services Provided By Separate Management Entities Line Items [Line Items] | |||
Short-term employee benefits | ₩ 20,026 | ₩ 18,727 | ₩ 15,852 |
Post-employment benefits | 1,068 | 785 | 691 |
Share-based payments | 13,303 | 14,944 | 7,527 |
Total | 34,397 | 34,456 | 24,070 |
Registered directors (executive) | |||
Disclosure Of Amounts Incurred By Entity For Provision Of Key Management Personnel Services Provided By Separate Management Entities Line Items [Line Items] | |||
Short-term employee benefits | 8,111 | 8,540 | 7,757 |
Post-employment benefits | 672 | 425 | 418 |
Share-based payments | 6,369 | 7,434 | 4,213 |
Total | 15,152 | 16,399 | 12,388 |
Registered directors (non-executive) | |||
Disclosure Of Amounts Incurred By Entity For Provision Of Key Management Personnel Services Provided By Separate Management Entities Line Items [Line Items] | |||
Short-term employee benefits | 1,133 | 1,030 | 960 |
Post-employment benefits | 0 | 0 | 0 |
Share-based payments | 0 | 0 | 0 |
Total | 1,133 | 1,030 | 960 |
Non-registered directors | |||
Disclosure Of Amounts Incurred By Entity For Provision Of Key Management Personnel Services Provided By Separate Management Entities Line Items [Line Items] | |||
Short-term employee benefits | 10,782 | 9,157 | 7,135 |
Post-employment benefits | 396 | 360 | 273 |
Share-based payments | 6,934 | 7,510 | 3,314 |
Total | ₩ 18,112 | ₩ 17,027 | ₩ 10,722 |
Related Party Transactions_Coll
Related Party Transactions_Collateral Received From Related Parties(Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
KB Star Office Private Real Estate Investment Trust No.1 | Real estate | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
Provision Of Guarantees Or Collateral To Entity Related Party Transactions | ₩ 13,000 | ₩ 13,000 |
Incheon Bridge Co., Ltd. | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
senior collateral | 611,000 | |
subordinated collateral | 384,800 | |
certificate of credit guarantee | 400,000 | |
Key management | Time deposits and others | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
Provision Of Guarantees Or Collateral To Entity Related Party Transactions | 213 | 192 |
Key management | Real estate | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
Provision Of Guarantees Or Collateral To Entity Related Party Transactions | ₩ 4,356 | ₩ 2,922 |
Business Combination_Details of
Business Combination_Details of Business Combination(Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020KRW (₩) | Dec. 31, 2020USD ($) | Dec. 31, 2019KRW (₩) | Dec. 31, 2018KRW (₩) | ||
Information of business combination | |||||
Name Of Acquiree | Acquisition of PRASAC Microfinance Institution Plc. (PRASAC) | Acquisition of PRASAC Microfinance Institution Plc. (PRASAC) | |||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Goodwill | [1] | ₩ 763,582 | ₩ 275,741 | ||
Gains on bargain purchase | [2] | ₩ 145,067 | $ 133,566 | 0 | ₩ 0 |
Prudential Life Insurance Company of Korea Ltd. | |||||
Information of business combination | |||||
Name Of Acquiree | Prudential Life Insurance Company of Korea Ltd. | Prudential Life Insurance Company of Korea Ltd. | |||
Description of acquiree | Life Insurance Company of Korea | Life Insurance Company of Korea | |||
Date of acquisition | Aug. 31, 2020 | Aug. 31, 2020 | |||
Percentage Of Voting Equity Interests Acquired | 100.00% | ||||
Description Of How Acquirer Obtained Control Of Acquiree | On August 26, 2020, the Group obtained an approval from the Financial Services Commission to acquire Prudential Life Insurance Company of Korea Ltd. On August 31, 2020, the Group acquired 100 percent share in the subsidiary through purchase of shares and obtained control. | On August 26, 2020, the Group obtained an approval from the Financial Services Commission to acquire Prudential Life Insurance Company of Korea Ltd. On August 31, 2020, the Group acquired 100 percent share in the subsidiary through purchase of shares and obtained control. | |||
Description of primary reasons for business combination | The main purpose of the business combination is to improve competitiveness of life insurance business by including the acquiree into subsidiaries of the Group. | The main purpose of the business combination is to improve competitiveness of life insurance business by including the acquiree into subsidiaries of the Group. | |||
Consideration | |||||
Cash | ₩ 2,299,541 | ||||
Total consideration transferred | 2,299,541 | ||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Cash and due from financial institutions | 574,204 | ||||
Financial assets at fair value through profit or loss | 503,853 | ||||
Financial assets at fair value through other comprehensive income | 7,195,958 | ||||
Securities measured at amortized cost | 10,064,300 | ||||
Derivative assets | 389 | ||||
Loans measured at amortized cost | 759,869 | ||||
Property and equipment | 178,537 | ||||
Intangible assets | [3] | 10,382 | |||
Other assets | 4,931,131 | ||||
Total assets | 24,218,623 | ||||
Insurance liabilities | [4] | 16,752,888 | |||
Derivative liabilities | 1,166 | ||||
Other liabilities | 5,019,961 | ||||
Total liabilities | 21,774,015 | ||||
Total identifiable net assets | 2,444,608 | ||||
Non-controlling interests | 0 | ||||
Gains on bargain purchase | [5] | 145,067 | |||
Details of intangible assets recognized as the result of the business combination | |||||
VOBA | [6] | (2,807,162) | |||
Others | [7] | 10,382 | |||
Total | (2,796,780) | ||||
Details of business combination acquisition related profit or loss | |||||
Expenses | 10,183 | ||||
Reflected operating income (loss) of Acquiree for the period after the acquisition date | 92,535 | ||||
Reflected net profit (loss) of Acquiree for the period after the acquisition date | 55,711 | ||||
Operating income (loss) assuming consolidated from the beginning of the current period | 529,678 | ||||
Net profit (loss) assuming consolidated from the beginning of the current period | ₩ 386,864 | ||||
PRASAC Microfinance Institution Plc. | |||||
Information of business combination | |||||
Name Of Acquiree | PRASAC Microfinance Institution Plc (PRASAC) | PRASAC Microfinance Institution Plc (PRASAC) | |||
Description of acquiree | a microfinance company in Cambodia | a microfinance company in Cambodia | |||
Date of acquisition | Apr. 10, 2020 | Apr. 10, 2020 | |||
Percentage Of Voting Equity Interests Acquired | 70.00% | ||||
Description Of How Acquirer Obtained Control Of Acquiree | The Group has signed an agreement with the existing shareholders of PRASAC. The existing shareholders have the right of put option to sell 30% of the remaining shares to the Group, and they are entitled to exercise their rights at the exercise price calculated on the basis of the adjusted book value of net asset as of 2021 year-end, within six months from the issue date of the audit report or the confirmation date of the adjusted value. If the put option is not exercised until its expiry, the Group has a right to exercise a call option during the six months following the expiry of such put option. All shareholders are restricted from selling shares or additional pledge before exercising the put option and call option. In addition, the Group has agreed to pay dividends to existing shareholders of PRASAC for 30% of the amount exceeding USD 370 million based on the adjusted carrying value of net asset and this payment can be added to the exercised price of put option in accordance with the shareholders' agreement. | The Group has signed an agreement with the existing shareholders of PRASAC. The existing shareholders have the right of put option to sell 30% of the remaining shares to the Group, and they are entitled to exercise their rights at the exercise price calculated on the basis of the adjusted book value of net asset as of 2021 year-end, within six months from the issue date of the audit report or the confirmation date of the adjusted value. If the put option is not exercised until its expiry, the Group has a right to exercise a call option during the six months following the expiry of such put option. All shareholders are restricted from selling shares or additional pledge before exercising the put option and call option. In addition, the Group has agreed to pay dividends to existing shareholders of PRASAC for 30% of the amount exceeding USD 370 million based on the adjusted carrying value of net asset and this payment can be added to the exercised price of put option in accordance with the shareholders' agreement. | |||
Description of primary reasons for business combination | The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. | The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. | |||
Consideration | |||||
Cash | ₩ 733,976 | ||||
Total consideration transferred | 733,976 | ||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Cash and due from financial institutions | 658,865 | ||||
Loans measured at amortized cost | 3,194,211 | ||||
Financial investments | 35 | ||||
Property and equipment | 24,472 | ||||
Intangible assets | 1,821 | ||||
Current income tax assets | 873 | ||||
Deferred income tax assets | 26,330 | ||||
Other assets | 37,325 | ||||
Total assets | 3,943,932 | ||||
Deposits From Customers Recognised As Of Acquisition Date | 2,222,944 | ||||
Borrowings | 1,038,684 | ||||
Debentures | 89,570 | ||||
Current income tax liabilities | 9,238 | ||||
Deferred income tax liabilities | 323 | ||||
Other liabilities | 101,696 | ||||
Total liabilities | 3,462,455 | ||||
Total identifiable net assets | 481,477 | ||||
Non-controlling interests | [8] | 144,443 | |||
Goodwill | [9] | 396,942 | |||
Details of business combination acquisition related profit or loss | |||||
Reflected operating income (loss) of Acquiree for the period after the acquisition date | 147,571 | ||||
Reflected net profit (loss) of Acquiree for the period after the acquisition date | 118,339 | ||||
The amount attributed to net profit (loss) to Shareholders of the Parent Company after the acquisition date | 82,837 | ||||
Operating income (loss) assuming consolidated from the beginning of the current period | 183,735 | ||||
Net profit (loss) assuming consolidated from the beginning of the current period | 147,383 | ||||
The amount attributed to net profit (loss) to Shareholders of the Parent Company Assuming consolidated from the beginning of the current period | 103,168 | ||||
PRASAC Microfinance Institution Plc. | Acquiree's carrying amount of loans | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Loans measured at amortized cost | 3,294,798 | ||||
PRASAC Microfinance Institution Plc. | Present value of contractual cash flows not expected to be paid | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Loans measured at amortized cost | ₩ (100,587) | ||||
PT Bank Bukopin TBK | |||||
Information of business combination | |||||
Name Of Acquiree | PT Bank Bukopin TBK | PT Bank Bukopin TBK | |||
Description of acquiree | operates a banking business in Indonesia | operates a banking business in Indonesia | |||
Date of acquisition | Sep. 2, 2020 | Sep. 2, 2020 | |||
Percentage Of Voting Equity Interests Acquired | 67.00% | ||||
Description Of How Acquirer Obtained Control Of Acquiree | At the Board of Directors meeting held on July 16, 2020, the Group has decided to acquire additional ordinary shares of PT Bank Bukopin TBK, the Group's associate, which operates a banking business in Indonesia, through issuance of shares in the form of an allotment to shareholders (1st) and an allotment to the third party (2nd). Accordingly, the Group acquired 2,967,600,372 ordinary shares for IDR 534,168,066,960 (KRW 43,909 million) from issuance of shares in the form of an allotment to shareholders (1st) on July 30, 2020, and 16,360,578,947 ordinary shares for IDR 3,108,509,999,930 (KRW 252,722 million) from issuance of shares in the form of an allotment to the third party (2nd) on September 2, 2020. The Group secured 67.00% of PT Bank Bukopin TBK through paid-in capital increase twice, and PT Bank Bukopin TBK became a subsidiary of the Group on September 2, 2020. | At the Board of Directors meeting held on July 16, 2020, the Group has decided to acquire additional ordinary shares of PT Bank Bukopin TBK, the Group's associate, which operates a banking business in Indonesia, through issuance of shares in the form of an allotment to shareholders (1st) and an allotment to the third party (2nd). Accordingly, the Group acquired 2,967,600,372 ordinary shares for IDR 534,168,066,960 (KRW 43,909 million) from issuance of shares in the form of an allotment to shareholders (1st) on July 30, 2020, and 16,360,578,947 ordinary shares for IDR 3,108,509,999,930 (KRW 252,722 million) from issuance of shares in the form of an allotment to the third party (2nd) on September 2, 2020. The Group secured 67.00% of PT Bank Bukopin TBK through paid-in capital increase twice, and PT Bank Bukopin TBK became a subsidiary of the Group on September 2, 2020. | |||
Description of primary reasons for business combination | The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. | The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. | |||
Consideration | |||||
Fair value of existing shares at the time of exchange | ₩ 78,446 | ||||
Cash | 252,722 | ||||
Total consideration transferred | 331,168 | ||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Cash and due from financial institutions | 300,424 | ||||
Financial assets at fair value through profit or loss | 3,960 | ||||
Derivative assets | 130 | ||||
Loans measured at amortized cost | 4,256,209 | ||||
Financial investments | 469,625 | ||||
Property and equipment | 280,197 | ||||
Intangible assets | 99,085 | ||||
Deferred income tax assets | 25,350 | ||||
Assets held for sale | 183,642 | ||||
Other assets | 272,775 | ||||
Total assets | 5,891,397 | ||||
Deposits From Customers Recognised As Of Acquisition Date | 4,253,557 | ||||
Borrowings | 838,142 | ||||
Debentures | 141,806 | ||||
Provisions | 3,522 | ||||
Net defined benefit liabilities | 15,141 | ||||
Other liabilities | 276,336 | ||||
Total liabilities | 5,528,504 | ||||
Total identifiable net assets | 362,893 | ||||
Non-controlling interests | [10] | 120,945 | |||
Goodwill | [9] | 89,220 | |||
Details of business combination acquisition related profit or loss | |||||
Reflected operating income (loss) of Acquiree for the period after the acquisition date | (61,051) | ||||
Reflected net profit (loss) of Acquiree for the period after the acquisition date | (43,402) | ||||
The amount attributed to net profit (loss) to Shareholders of the Parent Company after the acquisition date | (29,223) | ||||
Operating income (loss) assuming consolidated from the beginning of the current period | (190,584) | ||||
Net profit (loss) assuming consolidated from the beginning of the current period | (146,227) | ||||
The amount attributed to net profit (loss) to Shareholders of the Parent Company Assuming consolidated from the beginning of the current period | (97,981) | ||||
Gain on investment in associates measuring share held before the business combination | [11] | 30,277 | |||
PT Bank Bukopin TBK | Acquiree's carrying amount of loans | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Loans measured at amortized cost | 5,053,321 | ||||
PT Bank Bukopin TBK | Present value of contractual cash flows not expected to be paid | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Loans measured at amortized cost | (797,112) | ||||
PT Bank Bukopin TBK | Core deposits | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Intangible assets | [12] | 95,477 | |||
PT Bank Bukopin TBK | Other assets | |||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Intangible assets | [13] | ₩ 3,608 | |||
PT. Finansia Multi Finance | |||||
Information of business combination | |||||
Name Of Acquiree | PT. Finansia Multi Finance | PT. Finansia Multi Finance | |||
Description of acquiree | engaged in financial services in Indonesia | engaged in financial services in Indonesia | |||
Date of acquisition | Jul. 3, 2020 | Jul. 3, 2020 | |||
Percentage Of Voting Equity Interests Acquired | 80.00% | ||||
Description Of How Acquirer Obtained Control Of Acquiree | On July 3, 2020, the Group acquired 80 percent share in PT. Finansia Multi Finance, which is engaged in financial services in Indonesia, and obtained control. | On July 3, 2020, the Group acquired 80 percent share in PT. Finansia Multi Finance, which is engaged in financial services in Indonesia, and obtained control. | |||
Description of primary reasons for business combination | The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. | The main purpose of the business combination is to improve competitiveness of global business by maximizing the operational synergy with foreign subsidiaries. | |||
Consideration | |||||
Cash | ₩ 89,689 | ||||
Total consideration transferred | 89,689 | ||||
Recognized amounts of identifiable assets acquired and liabilities assumed | |||||
Cash and due from financial institutions | 24,150 | ||||
Loans measured at amortized cost | 191,039 | ||||
Property and equipment | 13,837 | ||||
Intangible assets | 13,409 | ||||
Other assets | 17,587 | ||||
Total assets | 260,022 | ||||
Borrowings | 146,588 | ||||
Debentures | 46,865 | ||||
Other liabilities | 19,233 | ||||
Total liabilities | 212,686 | ||||
Total identifiable net assets | 47,336 | ||||
Non-controlling interests | [14] | 9,467 | |||
Goodwill | [9] | 51,820 | |||
Details of business combination acquisition related profit or loss | |||||
Expenses | 1,064 | ₩ 1,623 | |||
Reflected operating income (loss) of Acquiree for the period after the acquisition date | (4,432) | ||||
Reflected net profit (loss) of Acquiree for the period after the acquisition date | (3,456) | ||||
Operating income (loss) assuming consolidated from the beginning of the current period | (26,166) | ||||
Net profit (loss) assuming consolidated from the beginning of the current period | (19,187) | ||||
The amount attributed to net profit (loss) to Shareholders of the Parent Company Assuming consolidated from the beginning of the current period | ₩ (15,349) | ||||
[1] | Includes the effect of exchange differences etc. | ||||
[2] | The consolidated statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS 16, and the comparatives for the year ended December 31, 2018 has not been restated. | ||||
[3] | Memberships, software, development costs and others were previously held by Prudential Life Insurance Company of Korea Ltd. | ||||
[4] | Separately measured VOBA (Value of Business Acquired) was adjusted by applying an indirect method of intrinsic value to the carrying amount of insurance liabilities of the acquiree. | ||||
[5] | As a result of the business combination, gain on a bargain purchase was recognized as other non-operating income in the consolidated statement of comprehensive income. | ||||
[6] | Negative VOBA was recognized and adjusted in the insurance liability. In accordance with IFRS No.4, an indirect method of intrinsic value is applied to the measurement of VOBA. VOBA is a similar concept to present value of in force business (PVIF) and present value of future profits (PVFP or PVP). The VOBA from intrinsic values is calculated through the actuarial model and cash flows that were originally used to calculate the embedded value of the insurance contracts. | ||||
[7] | Memberships, software, development costs and others were previously held by Prudential Life Insurance Company of Korea Ltd. | ||||
[8] | Measured at the proportionate share (30%) of the fair value of PRASAC's net assets as of the acquisition date. | ||||
[9] | As a result of the business combination, there was a goodwill and the Group recognized it as intangible assets in the consolidated statement of financial position. | ||||
[10] | The sum of the existing non-controlling interests held by PT Bank Bukopin TBK and the proportionate share (33%) of the fair value of PT Bank Bukopin TBK's net assets as of the acquisition date. | ||||
[11] | In 2020, the Group measured 33.90% shares of PT Bank Bukopin TBK, which the Group held before the business combination, at fair value, and recognized KRW 30,277 million as gain on investment in associates in the consolidated statement of comprehensive income. | ||||
[12] | It is an identifiable intangible asset and reflects the fair value of financing costs saved through stable relationships with saving customers. | ||||
[13] | Software and other intangible assets which were previously held by PT Bank Bukopin TBK. | ||||
[14] | Measured at the proportionate share (20%) of the fair value of PT. Finansia Multi Finance's net assets as of the acquisition date. |
Business Combination_Details _2
Business Combination_Details of of agreement with the existing shareholders of Acquiree(Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2020KRW (₩) | |
Information of agreement with the existing shareholders of Acquiree | |
Name Of Acquiree | Acquisition of PRASAC Microfinance Institution Plc. (PRASAC) |
Summary Of Agreement With The Existing Shareholders Of Acquire | The Group has signed an agreement with the existing shareholders of PRASAC. The existing shareholders have the right of put option to sell 30% of the remaining shares to the Group, and they are entitled to exercise their rights at the exercise price calculated on the basis of the adjusted book value of net asset as of 2021 year-end, within six months from the issue date of the audit report or the confirmation date of the adjusted value. If the put option is not exercised until its expiry, the Group has a right to exercise a call option during the six months following the expiry of such put option. All shareholders are restricted from selling shares or additional pledge before exercising the put option and call option. In addition, the Group has agreed to pay dividends to existing shareholders of PRASAC for 30% of the amount exceeding USD 370 million based on the adjusted carrying value of net asset and this payment can be added to the exercised price of put option in accordance with the shareholders' agreement. |
Amount of the recognized liabilities and deducted equity related to agreement | |
Other payables (present value of exercising price of options) | ₩ 308,236 |
Other payables (present value of expected dividends) | 102,986 |
Total | 411,222 |
Attributable to ordinary equity holders of the Parent Company (capital surplus) | ₩ (411,222) |
Approval of Issuance of the C_2
Approval of Issuance of the Consolidated Financial Statements(Details) | 12 Months Ended |
Dec. 31, 2020 | |
Approval of Issuance of the Consolidated Financial Statements [Abstract] | |
Date Of Authorisation For Issue Of Financial Statements | Apr. 27, 2021 |
Parent Company Information_Cond
Parent Company Information_Condensed Statements Of Financial Position(Details) - Parent Company - KRW (₩) ₩ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | |
Assets | |||
Cash and due from financial institutions | ₩ 23,084 | ₩ 18,537 | |
Financial Assets at fair value through profit of loss | 474,262 | 413,909 | |
Loans at amortized cost | 179,542 | 120,000 | |
Banking subsidiaries | [1] | 14,821,721 | 14,821,721 |
Nonbanking subsidiaries | [1] | 11,698,159 | 9,340,395 |
Other assets | 911,723 | 632,074 | |
Total assets | 28,108,491 | 25,346,636 | |
Liabilities and shareholders' equity | |||
Borrowings | 100,000 | 0 | |
Debentures | 6,128,043 | 5,543,446 | |
Other liabilities | 894,828 | 621,291 | |
Shareholders' equity | 20,985,620 | 19,181,899 | |
Total liabilities and shareholders equity | ₩ 28,108,491 | ₩ 25,346,636 | |
[1] | Investments in subsidiaries were accounted at cost method in accordance with IAS No.27. |
Parent Company Information_Co_2
Parent Company Information_Condensed Statements Of Comprehensive Income(Details) - Parent Company - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Income | ||||
Dividends from subsidiaries | [1] | ₩ 1,573,411 | ₩ 926,934 | ₩ 1,089,556 |
Interest from subsidiaries | [1] | 3,519 | 3,618 | 5,710 |
Other income | [1] | 22,749 | 22,709 | 20,940 |
Total income | [1] | 1,599,679 | 953,261 | 1,116,206 |
Expense | ||||
Interest expense | [1] | 132,437 | 126,065 | 122,451 |
Non-interest expense | [1] | 87,876 | 80,355 | 65,027 |
Total expense | [1] | 220,313 | 206,420 | 187,478 |
Profit before income tax expense | [1] | 1,379,366 | 746,841 | 928,728 |
Income tax benefit (expense) | [1] | 49 | (854) | (2,823) |
Profit for the year | [1],[2] | 1,379,415 | 745,987 | 925,905 |
Other comprehensive loss for the year, net of tax | [1] | (368) | (520) | (1,911) |
Total comprehensive income for the year | [1] | ₩ 1,379,047 | ₩ 745,467 | ₩ 923,994 |
[1] | The condensed statements of comprehensive income for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||
[2] | The condensed statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. |
Parent Company Information_Co_3
Parent Company Information_Condensed Statements Of Cash Flows(Details) - Parent Company - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Operating activities | ||||
Net income | [1],[2] | ₩ 1,379,415 | ₩ 745,987 | ₩ 925,905 |
Reconciliation of net income (loss) to net cash provided by operating activities | ||||
Other operating activities, net | [1] | 9,930 | (274) | (1,243) |
Net cash inflow from operating activities | [1] | 1,389,345 | 745,713 | 924,662 |
Investing activities | ||||
Net payments to subsidiaries | [1] | (2,347,543) | (100,000) | |
Other investing activities, net | [1] | (146,477) | (200,609) | (43,554) |
Net cash outflow from investing activities | [1] | (2,494,020) | (300,609) | (43,554) |
Financing activities | ||||
Net decrease in borrowings | [1] | 100,000 | (298,321) | (164) |
Increases in debentures | [1] | 1,537,091 | 1,037,656 | 897,872 |
Repayments of debentures and lease liabilities | [1] | (940,610) | (868,723) | (688,486) |
Issuance of hybrid securities | [1] | 1,296,693 | 399,085 | 0 |
Cash dividends paid | [1] | (883,952) | (766,249) | (766,728) |
Acquisition of treasury shares | [1] | 0 | (274,317) | (224,700) |
Net cash inflow(outflow) from financing activities | [1] | 1,109,222 | (770,869) | (782,206) |
Net increase(decrease) in cash and cash equivalents | [1] | 4,547 | (325,765) | 98,902 |
Cash and cash equivalents at January 1 | [1] | 18,534 | 344,299 | 245,397 |
Cash and cash equivalents at December 31 | [1] | ₩ 23,081 | ₩ 18,534 | ₩ 344,299 |
[1] | The condensed statements of cash flows for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. | |||
[2] | The condensed statements of comprehensive income for the years ended December 31, 2019 and 2020 are prepared in accordance with IFRS No.16, and the comparatives for the year ended December 31, 2018 has not been restated. |