Financial Liabilities

12 Months Ended

Dec. 31, 2024

Textblock 1 [Abstract]

Financial Liabilities

12.Financial Liabilities

(a)Details of financial liabilities as of December 31, 2023 and 2024 are as follows:

(In millions of won)	December 31, 2023		December 31, 2024
Current
Short-term borrowings	₩	1,875,635		969,595
Current portion of long-term borrowings		2,934,693		4,907,390
Current portion of bonds		369,716		611,882
Derivatives (*1)		26,193		3,762
Fair value hedging derivatives (*2)		7,392		—
Lease liabilities		48,666		34,821
Total	₩	5,262,295		6,527,450
Non-current
Long-term borrowings	₩	10,230,658		7,535,290
Bonds		1,118,427		525,957
Derivatives (*1)		37,333		7,006
Fair value hedging derivatives (*2)		28,660		—
Lease liabilities		24,698		23,154
Total	₩	11,439,776		8,091,407

(*1) The derivatives, which are not designated as hedging instruments, arise from cross currency interest rate swap contracts and others for the purpose of managing currency and interest rate risks associated with foreign currency denominated borrowings and bonds.

(*2) The derivatives, which are designated as hedging instruments, arise from forward exchange contracts for the purpose of managing currency risk associated with advances received in foreign currency.

(b)Details of short-term borrowings as of December 31, 2023 and 2024 are as follows:

(In millions of won)
Description	Annual interest rate as of December 31, 2024 (%)	December 31, 2023		December 31, 2024
Working capital and others	3.50 ~ 6.41	₩	1,875,635		969,595

(c)Details of Korean won denominated long-term borrowings as of December 31, 2023 and 2024 are as follows:

(In millions of won)
Description	Latest Maturity date	Annual interest rate as of December 31, 2024 (%)	December 31, 2023			December 31, 2024
Facility capital and others	March 2025 ~ March 2030	2.41 ~ 6.06	₩	4,490,967			4,668,538
Less: current portion of long-term    borrowings				(776,000	)		(1,861,000	)
Total			₩	3,714,967			2,807,538

12.Financial Liabilities, Continued

(d)Details of foreign currency denominated long-term borrowings as of December 31, 2023 and 2024 are as follows:

(In millions of won, USD and CNY)
Description	Latest Maturity date	Annual interest rate as of December 31, 2024 (%)	December 31, 2022			December 31, 2024
Facility capital and others	January 2025 ~ July 2029	2.13 ~ 7.06	₩	8,674,384			7,774,142
Foreign currency equivalent of    foreign currency borrowings			USD 3,222			USD 2,528
			CNY 24,991			CNY 20,164
Less: current portion of    long-term borrowings				(2,158,693	)		(3,046,390	)
Total			₩	6,515,691			4,727,752

(e)Details of bonds issued and outstanding as of December 31, 2023 and 2024 are as follows:

(In millions of won and USD)
	Maturity	Annual interest rate as of December 31, 2024 (%)		December 31, 2023			December 31, 2024
Korean won denominated bonds at amortized cost (*1)
Publicly issued bonds	February 2025 ~ February 2027	2.79~3.66		₩	1,025,000			655,000
Privately issued bonds	January 2025 ~ January 2026	7.20~7.25			337,000			337,000
Less: discount on bonds					(2,120	)		(705	)
Less: current portion					(369,716	)		(611,882	)
Subtotal				₩	990,164			379,413
Foreign currency denominated bonds at amortized cost (*2)
Privately issued bonds	April 2026		6.52	₩	128,940			147,000
Foreign currency equivalent    of foreign currency denominated bonds				USD 100			USD 100
Less: discount on bonds					(677	)		(456	)
Less: foreign currency equivalent of discount on    bonds of foreign currency denominated bonds				USD (1)			USD (0)
Subtotal				₩	128,263			146,544
Total				₩	1,118,427			525,957

(*1) Principal of the won denominated bonds is to be repaid at maturity and interests are paid quarterly.

(*2) Principal of the foreign currency denominated bonds is to be repaid at maturity and interests are paid quarterly.