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Goodwill (Tables)
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Summary of goodwill
(1)

Goodwill as of December 31, 2018 and 2017 are as follows:

 

(In millions of won)              
     December 31,
2018		      December 31,
2017		  

Goodwill related to acquisition of Shinsegi Telecom, Inc.

    ￦ 1,306,236        1,306,236  

Goodwill related to acquisition of SK Broadband Co., Ltd.

      358,443        358,443  

Goodwill related to acquisition of Life & Security Holdings Co., Ltd.

      1,155,037        —  

Other goodwill

      118,847        250,338  
  

 

 

     

 

 

  
   ￦ 2,938,563        1,915,017  
  

 

 

     

 

 

  
Details of the changes in goodwill
(3)

Details of the changes in goodwill for the years ended December 31, 2018 and 2017 are as follows:

 

(In millions of won)       
     2018     2017  

Beginning balance

    ￦ 1,915,017       1,932,452  

Acquisition

      1,206,702       35,221  

Disposal

      (807 )      —  

Impairment loss(*1,2)

      (166,838 )      (33,441 ) 

Other

      (15,511 )      (19,215 ) 
  

 

 

    

 

 

  
   ￦ 2,938,563       1,915,017  
  

 

 

    

 

 

  

 

 

(*1)   As managements of the Group changed their strategy related to investment in shopkick, the Group recognized ￦153,367 million and ￦52,373 million of impairment losses for goodwill and intangible assets, respectively. The Group classified shopkick, Inc. as a single CGU and the recoverable amount was determined based on fair value less cost of disposal, and the fair value is estimated based on the bidding prices from multiple third parties in their respective letter of intent. This fair value is classified as level 3 in the fair value hierarchy.

 

(*2)   Digital contents service related goodwill of IRIVER LIMITED