Provisions

12 Months Ended

Dec. 31, 2023

Textblock 1 [Abstract]

Provisions

14.Provisions

(a)Changes in provisions for the year ended December 31, 2022 are as follows:

(In millions of won)
	Litigation and claims		Warranties (*)			Others			Total
Balance at January 1, 2022	₩	—		257,126			9,247			266,373
Additions (reversal)		1,680		251,395			(816	)		252,259
Usage		—		(259,153	)		—			(259,153	)
Balance at December 31, 2022	₩	1,680		249,368			8,431			259,479
Current	₩	1,680		163,211			8,431			173,322
Non-current	₩	—		86,157			—			86,157

(*) Product warranties on defective products are normally applicable for warranty periods from the date of customer’s purchase. The provision is calculated by using historical and anticipated rates of warranty claims, and costs per claim to satisfy the Group’s warranty obligation.

(b)Changes in provisions for the year ended December 31, 2023 are as follows:

(In millions of won)
	Litigation and claims		Warranties (*)			Others			Total
Balance at January 1, 2023	₩	1,680		249,368			8,431			259,479
Additions (reversal)		126		101,846			(2,551	)		99,421
Usage		—		(177,419	)		—			(177,419	)
Balance at December 31, 2023	₩	1,806		173,795			5,880			181,481
Current	₩	1,806		109,990			5,880			117,676
Non-current	₩	—		63,805			—			63,805

(*) Product warranties on defective products are normally applicable for warranty periods from the date of customer’s purchase. The provision is calculated by using historical and anticipated rates of warranty claims, and costs per claim to satisfy the Group’s warranty obligation.