Earnings (Loss) per Share Attributable to Owners of the Controlling Company

12 Months Ended

Dec. 31, 2023

Earnings (Loss) per Share Attributable to Owners of the Controlling Company

25.

Earnings (Loss) per Share Attributable to Owners of the Controlling Company

(a)

Basic earnings (loss) per share for the years ended December 31, 2021, 2022 and 2023 are as follows:


(In won and number of shares)
	2021		2022			2023
Profit (loss) attributable to owners of the Controlling Company for the year	₩	1,186,182,126,952		(3,071,564,667,651	)		(2,733,741,837,803	)
Weighted-average number of common stocks outstanding		357,815,700		357,815,700			357,815,700
Basic earnings (loss) per share	₩	3,315		(8,584	)		(7,640	)

For the years ended December 31, 2021, 2022 and 2023 there were no events or transactions that resulted in changes in the number of common stocks used for calculating basic earnings (loss) per share.

On March 15, 2024, the Controlling Company issued 142,184,300 new shares of common stock, with the total issuance amount of W1,292,455 million at the price of W9,090 per share. (see Note 31).

(b)

Diluted earnings per share for the year ended December 31, 2021 are determined as follows:


(In won and number of shares)
	2021
Profit attributable to owners of the Controlling Company	₩	1,186,182,126,952
Adjustments:
Interest expenses of convertible bond, net of income tax		11,382,390,353
Loss on fair value valuation of convertible bond, net of income tax		50,521,798,972
Diluted profit attributable to owners of the Controlling Company	₩	1,248,086,316,277
Weighted-average number of common stocks outstanding, after adjustment		398,804,698
Diluted earnings per share	₩	3,130

Weighted-average number of common stocks outstanding, after adjustment, for measurement of diluted earnings per share is determined as follows:


(Number of shares)
	2021
Weighted-average number of common stocks outstanding		357,815,700
Adjustment : Number of common stocks to be issued from conversion		40,988,998
Weighted-average number of common stocks outstanding, after adjustment		398,804,698

Diluted loss per share is not different from basic loss per share as there are no dilution effects of potential

common stocks for the years ended December 31, 2022 and 2023.