Trade Accounts and Notes Receivable, Other Accounts Receivable and Others (Tables)

12 Months Ended

Dec. 31, 2023

Textblock 1 [Abstract]

Summary of Trade Accounts and Notes Receivable

(a)Trade accounts and notes receivable as of December 31, 2022 and December 31, 2023 are as follows:

(In millions of won)
	December 31, 2022		December 31, 2023
Due from third parties	₩	2,042,746		2,827,163
Due from related parties		316,168		390,930
	₩	2,358,914		3,218,093

Summary of Other Accounts Receivable

(b)Other accounts receivable as of December 31, 2022 and December 31, 2023 are as follows:

(In millions of won)
	December 31, 2022		December 31, 2023
Current assets
Non-trade receivables, net	₩	146,921		112,739
Accrued income		22,505		14,246
	₩	169,426		126,985

Aging of Trade Accounts and Notes Receivable, Other Accounts Receivable and Long-term Non-trade Receivable

(c)The aging of trade accounts and notes receivable, and other accounts receivable as of December 31, 2022 and December 31, 2023 are as follows:

(In millions of won)	December 31, 2022
	Book value				Allowance for impairment
	Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable			Other accounts receivable
Current	₩	2,332,769		166,067		(841	)		(1,721	)
1-15 days past due		12,019		1,000		(4	)		(9	)
16-30 days past due		2,256	-			(1	)	-
31-60 days past due		391		201	-				(1	)
More than 60 days past due		12,354		3,936		(29	)		(47	)
	₩	2,359,789		171,204		(875	)		(1,778	)

(In millions of won)	December 31, 2023
	Book value			Allowance for impairment
	Trade accounts and notes receivable		Other accounts receivable	Trade accounts and notes receivable			Other accounts receivable
Current	₩	3,212,514	123,919		(932	)		(191	)
1-15 days past due	3,077		1,357		(1	)	-
16-30 days past due	3,435		156	-				(2	)
31-60 days past due	-		168	-				(2	)
More than 60 days past due	-		1,592	-				(12	)
	₩	3,219,026	127,192		(933	)		(207	)

Summary of Allowance for Impairment in Respect Of Trade Accounts and Notes Receivable and Other Accounts Receivable

The movement in the allowance for impairment in respect of trade accounts and notes receivable and other accounts receivable for the years ended December 31, 2021, 2022 and 2023 are as follows:

(In millions of won)	Trade accounts and notes receivable
	2021		2022			2023
Balance at the beginning of the year	₩	1,047		1,204			875
(Reversal of) bad debt expense		157		(329	)		58
Balance at the end of the year	₩	1,204		875			933

(In millions of won)	Other accounts receivable
	2021		2022			2023
Balance at the beginning of the year	₩	1,778		2,005			1,778
(Reversal of) bad debt expense		227		(227	)		(239	)
Write-off	-		-				(1,332	)
Balance at the end of the year	₩	2,005		1,778			207

Summary of Other Assets

(d)Other current assets as of December 31, 2022 and 2023 are as follows:

(In millions of won)	December 31, 2022		December 31, 2023
Advanced payments	₩	22,134		1,675
Prepaid expenses		74,420		103,355
Value added tax refundable		220,182		143,608
Right to recover returned goods		8,155		5,121
	₩	324,891		253,759