Investments in Equity Accounted Investees (Tables)

12 Months Ended

Dec. 31, 2023

Textblock 1 [Abstract]

Summary of Consolidated Associates

(a)Associates as of December 31, 2022 and 2023 are as follows:

(In millions of won)
					2022					2023
Associates	Location	Fiscal year end	Date of incorporation	Business	Percentage of ownership			Carrying amount		Percentage of ownership			Carrying amount
Paju Electric    Glass Co.,    Ltd.	Paju, South Korea	December 31	January 2005	Manufacture glass for display		40	%	₩	42,784		40	%	₩	24,200
WooRee E&L    Co., Ltd. (*1)	Ansan, South Korea	December 31	June 2008	Manufacture LED back light unit packages		13	%		13,576		13	%		7,106
YAS Co., Ltd.	Paju, South Korea	December 31	April 2002	Develop and manufacture deposition equipment for OLEDs		15	%		28,976		16	%		28,564
AVATEC Co.,    Ltd.	Daegu, South Korea	December 31	August 2000	Process and sell glass for display		14	%		20,133		14	%		20,871
Arctic Sentinel,    Inc.	Los Angeles, U.S.A.	March 31	June 2008	Develop and manufacture tablet for kids		10	%		—		10	%		—
Cynora GmbH	Bruchsal, Germany	December 31	March 2003	Develop organic emitting materials for displays and lighting devices		11	%		—		10	%		—

(In millions of won)

2022

2023

Associates

Location

Fiscal year end

Date of incorporation

Business

Percentage of ownership

Carrying amount

Percentage of ownership

Carrying amount

Material    Science Co.,    Ltd.(*2)(*3)

Seoul, South Korea

December 31

January 2014

Develop, manufacture, and sell materials for display

10

%

₩

3,650

16

%

₩

3,588

₩

109,119

₩

84,329

(*1) During 2023, the Controlling Company recognized an impairment loss of W5,662 million as finance cost for the difference between the carrying amount and the recoverable amount of investments in WooRee E&L Co., Ltd.

(*2) During 2023, the Controlling Company recognized an impairment loss of W1,146 million as finance cost for the difference between the carrying amount and the recoverable amount of investments in Material Science Co., Ltd.

(*3) During 2023, due to the investee’s acquisition of treasury shares, the Group's shareholding ratio increased from 10% to 16%.

Summary of Financial Information of Significant Associates

(b)Summary of financial information of Paju Electric Glass Co., Ltd., a significant associate of the Group, as of December 31, 2022 and 2023 and for the years ended December 31, 2021, 2022 and 2023 are as follows:

(In millions of won)	December 31, 2022		December 31, 2023
Total assets	₩	136,784		109,992
Current assets		98,490		94,705
Non-current assets		38,294		15,287
Total liabilities		29,118		47,875
Current liabilities		28,332		47,459
Non-current liabilities		786		416

(In millions of won)	2021			2022			2023
Revenue	₩	425,516			319,264			184,880
Profit(loss) for the year		13,364			6,192			(2,655	)
Other comprehensive loss		(1,258	)		(10,216	)		(4,894	)
Total comprehensive income (loss)		12,106			(4,024	)		(7,549	)

Reconciliation from Financial Information of Significant Associate to its Carrying Value in Consolidated Financial Statements

(c)Reconciliation from financial information of the significant associate to its carrying value in the consolidated financial statements as of December 31, 2022 and 2023 are as follows:

(i)As of December 31, 2022

(In millions of won)
Company	Net asset		Ownership interest			Net asset (applying ownership interest)		Goodwill		Intra-group transaction			Impairment loss		Book value
Paju Electric    Glass Co., Ltd.	₩	107,666		40	%		43,066		—		(282	)		—		42,784

(ii)As of December 31, 2023

(In millions of won)
Company	Net asset		Ownership interest			Net asset (applying ownership interest)		Goodwill		Intra-group transaction			Impairment loss		Book value
Paju Electric    Glass Co., Ltd.	₩	62,117		40	%		24,847		—		(647	)		—		24,200

(d)Book value of other associates, in aggregate, as of December 31, 2022 and 2023 are as follows:

(i)As of December 31, 2022

(In millions of won)
			Net profit (loss) of associates (applying ownership interest)
	Book value		Profit for the year		Other comprehensive loss			Total comprehensive loss
Other associates	₩	66,335		2,724		(7,516	)		(4,792	)

(ii)As of December 31, 2023

(In millions of won)
			Net profit (loss) of associates (applying ownership interest)
	Book value		Profit for the year			Other comprehensive loss			Total comprehensive loss
Other associates	₩	60,129		(1,634	)		(722	)		(2,356	)

Changes in Investments in Associates and a Joint Venture Accounted for Using Equity Method

(e)Changes in investments in associates accounted for using the equity method for the years ended December 31, 2022 and 2023 are as follows:

(In millions of won)
		2022
Company		January 1		Reclassification(*)			Dividends received			Equity income on investments		Other comprehensive loss			Other gain		December 31
Associates	Paju Electric    Glass Co.,    Ltd.	₩	48,398		—			(4,361	)		2,834		(4,087	)		—		42,784
	Others		78,321		(10,620	)		(100	)		2,724		(7,516	)		3,526		66,335
		₩	126,719		(10,620	)		(4,461	)		5,558		(11,603	)		3,526		109,119

(*) During 2022, certain investment was reclassified into the financial asset at fair value through profit or loss as the Group lost its right to appoint members of the board of directors due to the changes in contractual arrangement.

(In millions of won)
		2023
Company		January 1		Dividends received			Equity income on investments			Other comprehensive loss			Other gain			December 31
Associates	Paju Electric Glass    Co., Ltd.	₩	42,784		(15,200	)		(1,427	)		(1,957	)		—			24,200
	Others		66,335		—			(1,634	)		(722	)		(3,850	)		60,129
		₩	109,119		(15,200	)		(3,061	)		(2,679	)		(3,850	)		84,329