Share Capital, Share Premium and Reserves

12 Months Ended

Dec. 31, 2023

Share Capital, Share Premium and Reserves

16.

Share Capital, Share Premium and Reserves

(a)

Share capital and Share Premium

The Controlling Company is authorized to issue 500,000,000 shares of capital stock (par value W5,000), and as of December 31, 2022 and December 31, 2023, the number of issued common shares is 357,815,700. There have been no changes in the capital stock from January 1, 2022 to December 31, 2023.

The Group’s capital surplus consists of share premium. There have been no changes in share premium from January 1, 2022 to December 31, 2023.

(b)

Reserves

Reserves consist mainly of the following:

Translation reserve

The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations.

Other comprehensive income (loss) from associates

The other comprehensive income (loss) from associates comprises the amount related to change in equity of investments in equity accounted investees.

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


(In millions of won)
	December 31, 2022			December 31, 2023
Foreign currency translation differences for foreign operations	₩	509,620			548,792
Other comprehensive loss from associates		(29,992	)		(32,816	)
	₩	479,628			515,976

16.

Share Capital, Share Premium and Reserves, Continued

The movement in reserves for the years ended December 31, 2021, 2022 and 2023 are as follows:


(In millions of won)
	Loss on valuation of derivatives			Foreign currency translation differences for foreign operations			Other comprehensive income (loss) from associates (excluding remeasurements)			Total
January 1, 2021	₩	—			(138,667	)		(24,779	)		(163,446	)
Change in reserves		(9,227	)		705,318			4,497			700,588
December 31, 2021		(9,227	)		566,651			(20,282	)		537,142
January 1, 2022		(9,227	)		566,651			(20,282	)		537,142
Change in reserves		9,227			(57,031	)		(9,710	)		(57,514	)
December 31, 2022		—			509,620			(29,992	)		479,628
January 1, 2023		—			509,620			(29,992	)		479,628
Change in reserves		—			39,172			(2,824	)	36,348
December 31, 2023	₩	—			548,792			(32,816	)	515,976