Geographic and Other Information

12 Months Ended

Dec. 31, 2023

Textblock 1 [Abstract]

Geographic and Other Information

17.Geographic and Other Information

The following is a summary of the Group’s operation by region based on the location of customers for the years ended December 31, 2021, 2022 and 2023.

(a)Revenue by geography

(In millions of won)
	2021		2022(*)		2023
Domestic	₩	632,531		678,246		633,529
Foreign
China		19,866,707		17,434,407		14,704,357
Asia (excluding China)		3,256,126		2,796,648		2,397,980
Americas		3,263,055		3,078,924		2,079,628
Europe (excluding Poland)		1,159,669		988,566		613,924
Poland		1,699,955		1,387,946		901,401
	₩	29,245,512		25,686,491		20,697,290
	₩	29,878,043		26,364,737		21,330,819

(*) Revenue for 2022 excludes W212,956 million of forward exchange hedging loss which was reclassified from accumulated other comprehensive income to revenue when the sales from the hedged forecast transactions are recognized.

Sales to Company A and Company B amount to W11,119,769million and W3,371,229 million, respectively, for the year ended December 31, 2023 (2021: W12,019,534 million and W5,924,262 million, 2022: W11,731,702million and W4,699,282 million, respectively). The Group’s top ten end-brand customers together accounted for 87% of sales for the year ended December 31, 2023 (2021: 86%, 2022: 86%).

17.Geographic and Other Information, Continued

(b)Non-current assets by geography

(In millions of won)
	December 31, 2022						December 31, 2023
	Property, plant and equipment		Intangible assets		Investment Property		Property, plant and equipment		Intangible assets		Investment Property
Domestic	₩	14,042,794		1,633,866		28,269		13,583,136		1,683,116		32,995
Foreign
China		4,302,527		53,388		—		3,358,395		32,009		—
Vietnam		2,590,438		20,315		—		3,244,729		31,472		—
Others		11,174		45,388		—		14,072		27,358		—
	₩	6,904,139		119,091		—		6,617,196		90,839		—
	₩	20,946,933		1,752,957		28,269		20,200,332		1,773,955		32,995

(c)Revenue by product and services

(In millions of won)
	2021		2022(*)		2023
TV	₩	9,466,192		6,975,269		4,331,474
IT		12,458,740		11,197,954		7,853,034
Mobile and others		7,953,111		8,191,514		9,146,311
	₩	29,878,043		26,364,737		21,330,819

(*) Revenue for 2022 excludes W212,956 million of forward exchange hedging loss which was reclassified from accumulated other comprehensive income to revenue when the sales from the hedged forecast transactions are recognized.

The proportion of revenue from OLED products to total revenue disclosed above was 36%, 40% and 48% for the years ended December 31, 2021, 2022 and 2023, respectively.