Inventories

12 Months Ended

Dec. 31, 2023

Textblock 1 [Abstract]

Inventories

7.Inventories

Inventories as of December 31, 2022 and 2023 are as follows:

(In millions of won)
	December 31, 2022		December 31, 2023
Finished goods	₩	822,177		750,775
Work-in-process		1,235,363		1,145,606
Raw materials		651,602		457,356
Supplies		163,776		173,991
	₩	2,872,918		2,527,728

For the years ended December 31, 2021, 2022 and 2023, the amount of inventories recognized as cost of sales and inventory write-downs included in cost of sales and usage of inventory write-downs are as follows:

(In millions of won)
	2021		2022		2023
Inventories recognized as cost of sales	₩	24,572,939		25,027,703		20,985,643
Including: Inventory write-downs		224,576		245,619		192,627
Usage of inventory write-downs		213,932		224,576		245,619

There were no significant reversals of inventory write-downs recognized during the years ended December 31, 2021, 2022 and 2023.