Trade Accounts and Notes Receivable, and Other Accounts Receivable

12 Months Ended

Dec. 31, 2024

Trade Accounts and Notes Receivable, and Other Accounts Receivable

(a)

Details of trade accounts and notes receivable and other accounts receivable as of December 31, 2023 and 2024 are as follows:


(In millions of won)
	December 31, 2023		December 31, 2024
Trade accounts and notes receivable	₩	3,218,093		3,624,477
Other accounts receivable
Non-trade receivables, net	₩	112,739		227,477
Accrued income, net		14,246		22,552
Subtotal		126,985		250,029
Total		3,345,078		3,874,506

(b)

The aging of trade accounts and notes receivable, and other accounts receivable as of December 31, 2023 and 2024 are as follows:


(In millions of won)
	December 31, 2023
	Original amount				Allowance for doubtful account
	Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable			Other accounts receivable
Not past due	₩	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	)
Total	₩	3,219,026		127,192		(933	)		(207	)


(In millions of won)
	December 31, 2024
	Original amount				Allowance for doubtful account
	Trade accounts and notes receivable		Other accounts receivable		Trade accounts and notes receivable			Other accounts receivable
Not past due	₩	3,609,870		207,928		(1,369	)		(464	)
1-15 days past due		15,951		37,722		(14	)		(2	)
16-30 days past due		4		1,915		—			(1	)
31-60 days past due		35		350		—			(3	)
More than 60 days past due		—		2,592		—			(8	)
Total	₩	3,625,860		250,507		(1,383	)		(478	)

The movement in the allowance for doubtful account in respect of trade accounts and notes receivable and other accounts receivable for the years ended December 31, 2022, 2023 and 2024 are as follows:


(In millions of won)	Trade accounts and notes receivable
	2022			2023		2024
Beginning balance	₩	1,204			875		933
(Reversal of) bad debt expense		(329	)		58		450
Ending balance	₩	875			933		1,383

Trade Accounts and Notes Receivable, and Other Accounts Receivable Continued


(In millions of won)	Other accounts receivable
	2022			2023			2024
Beginning balance	₩	2,005			1,778			207
(Reversal of) bad debt expense		(227	)		(239	)		271
Write-off		—			(1,332	)		—
Ending balance	₩	1,778			207			478