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Property, Plant and Equipment (Tables)
 12 Months Ended
Dec. 31, 2024
Textblock 1 [Abstract]  
Changes in Property, Plant and Equipment
(a)
Changes in property, plant and equipment for the years ended December 31, 2023 and 2024 are as follows:
(i)
2023

 

(In millions of won)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

 

Buildings
and
structures

 

 

Machinery
and
equipment

 

 

Furniture
and
fixtures

 

 

Construction
-in-progress
(*1)

 

 

Right-of-
use asset

 

 

Others
(*2)

 

 

Total

 

Acquisition cost as of
   January 1, 2023

 

₩

476,045

 

 

 

8,699,292

 

 

 

50,722,745

 

 

 

902,477

 

 

 

10,145,865

 

 

 

271,761

 

 

 

1,299,892

 

 

 

72,518,077

 

Accumulated depreciation as
   of January 1, 2023

 

 

—

 

 

 

(4,348,201

)

 

 

(42,744,139

)

 

 

(719,862

)

 

 

—

 

 

 

(151,550

)

 

 

(962,598

)

 

 

(48,926,350

)

Accumulated impairment loss
   as of January 1, 2023

 

 

—

 

 

 

(447,145

)

 

 

(1,794,407

)

 

 

(13,397

)

 

 

(356,155

)

 

 

(7,553

)

 

 

(26,137

)

 

 

(2,644,794

)

Book value as of
   January 1, 2023

 

₩

476,045

 

 

 

3,903,946

 

 

 

6,184,199

 

 

 

169,218

 

 

 

9,789,710

 

 

 

112,658

 

 

 

311,157

 

 

 

20,946,933

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,392,876

 

 

 

74,611

 

 

 

—

 

 

 

3,467,487

 

Depreciation (*3)

 

 

—

 

 

 

(376,264

)

 

 

(2,837,242

)

 

 

(75,727

)

 

 

—

 

 

 

(68,349

)

 

 

(279,200

)

 

 

(3,636,782

)

Disposals

 

 

(330

)

 

 

(758

)

 

 

(506,420

)

 

 

(1,896

)

 

 

—

 

 

 

—

 

 

 

(43,368

)

 

 

(552,772

)

Impairment loss (*4)

 

 

—

 

 

 

8

 

 

 

(53,513

)

 

 

(6

)

 

 

—

 

 

 

—

 

 

 

(6,554

)

 

 

(60,065

)

Others (*5)

 

 

(2,902

)

 

 

1,494,070

 

 

 

3,963,010

 

 

 

60,585

 

 

 

(5,900,151

)

 

 

—

 

 

 

374,182

 

 

 

(11,206

)

Government grants received

 

 

—

 

 

 

—

 

 

 

(7,417

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(7,417

)

Effect of movements in
   exchange rates

 

 

—

 

 

 

9,189

 

 

 

39,066

 

 

 

964

 

 

 

3,626

 

 

 

326

 

 

 

983

 

 

 

54,154

 

Book value as of
   December 31, 2023

 

₩

472,813

 

 

 

5,030,191

 

 

 

6,781,683

 

 

 

153,138

 

 

 

7,286,061

 

 

 

119,246

 

 

 

357,200

 

 

 

20,200,332

 

Acquisition cost as of
   December 31, 2023

 

₩

472,813

 

 

 

10,192,281

 

 

 

52,107,890

 

 

 

942,376

 

 

 

7,571,687

 

 

 

245,149

 

 

 

1,448,688

 

 

 

72,980,884

 

Accumulated depreciation as
   of December 31, 2023

 

₩

—

 

 

 

(4,715,087

)

 

 

(43,466,025

)

 

 

(775,953

)

 

 

—

 

 

 

(119,804

)

 

 

(1,062,377

)

 

 

(50,139,246

)

Accumulated impairment loss
   as of December 31, 2023

 

₩

—

 

 

 

(447,003

)

 

 

(1,860,182

)

 

 

(13,285

)

 

 

(285,626

)

 

 

(6,099

)

 

 

(29,111

)

 

 

(2,641,306

)

 

(*1) As of December 31, 2023, construction-in-progress mainly relates to construction of manufacturing facilities.

(*2) Others mainly consist of tools and equipment.

(*3) The Group has classified the depreciation as manufacturing overhead costs, selling expenses, administrative expenses and research and development expenses. It includes capitalized development costs.

(*4) Impairment losses are recognized for the difference between the carrying amount and the recoverable amount of property, plant and equipment.

(*5) Others mainly represent the reclassification of construction-in-progress to other property, plant and equipment.

9.
Property, Plant and Equipment, Continued
(ii)
2024

 

(In millions of won)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land

 

 

Buildings
and
structures

 

 

Machinery
and
equipment

 

 

Furniture
and
fixtures

 

 

Construction
-in-progress
(*1)

 

 

Right-of-
use asset

 

 

Others
(*2)

 

 

Total

 

Acquisition cost as of
   January 1, 2024

 

₩

472,813

 

 

 

10,192,281

 

 

 

52,107,890

 

 

 

942,376

 

 

 

7,571,687

 

 

 

245,149

 

 

 

1,448,688

 

 

 

72,980,884

 

Accumulated depreciation
   as of January 1, 2024

 

 

—

 

 

 

(4,715,087

)

 

 

(43,466,025

)

 

 

(775,953

)

 

 

—

 

 

 

(119,804

)

 

 

(1,062,377

)

 

 

(50,139,246

)

Accumulated impairment loss
   as of January 1, 2024

 

 

—

 

 

 

(447,003

)

 

 

(1,860,182

)

 

 

(13,285

)

 

 

(285,626

)

 

 

(6,099

)

 

 

(29,111

)

 

 

(2,641,306

)

Book value as of January 1, 2024

 

₩

472,813

 

 

 

5,030,191

 

 

 

6,781,683

 

 

 

153,138

 

 

 

7,286,061

 

 

 

119,246

 

 

 

357,200

 

 

 

20,200,332

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,499,468

 

 

 

33,865

 

 

 

—

 

 

 

1,533,333

 

Depreciation (*3)

 

 

—

 

 

 

(444,982

)

 

 

(3,424,197

)

 

 

(80,195

)

 

 

—

 

 

 

(68,445

)

 

 

(305,354

)

 

 

(4,323,173

)

Disposals

 

 

(47,344

)

 

 

(28,598

)

 

 

(132,473

)

 

 

(178

)

 

 

—

 

 

 

—

 

 

 

(52,377

)

 

 

(260,970

)

Impairment loss (*4)

 

 

—

 

 

 

(28

)

 

 

(58,660

)

 

 

(1,275

)

 

 

(27,000

)

 

 

—

 

 

 

(7,249

)

 

 

(94,212

)

Others (*5)

 

 

873

 

 

 

948,851

 

 

 

4,186,807

 

 

 

42,191

 

 

 

(5,565,372

)

 

 

—

 

 

 

385,812

 

 

 

(838

)

Government grants received

 

 

—

 

 

 

—

 

 

 

(2,307

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,307

)

Effect of movements
   in exchange rates

 

 

—

 

 

 

265,665

 

 

 

350,074

 

 

 

7,520

 

 

 

106,339

 

 

 

23,058

 

 

 

9,741

 

 

 

762,397

 

Classified as held for sale

 

 

—

 

 

 

(545,867

)

 

 

(24,526

)

 

 

(4,050

)

 

 

(9,778

)

 

 

(18,791

)

 

 

(8,677

)

 

 

(611,689

)

Book value as of
   December 31, 2024

 

₩

426,342

 

 

 

5,225,232

 

 

 

7,676,401

 

 

 

117,151

 

 

 

3,289,718

 

 

 

88,933

 

 

 

379,096

 

 

 

17,202,873

 

Acquisition cost as of
   December 31, 2024

 

₩

426,342

 

 

 

10,529,816

 

 

 

53,029,839

 

 

 

925,048

 

 

 

3,581,525

 

 

 

225,250

 

 

 

1,570,421

 

 

 

70,288,241

 

Accumulated depreciation
   as of December 31, 2024

 

₩

—

 

 

 

(4,813,622

)

 

 

(43,403,177

)

 

 

(793,522

)

 

 

—

 

 

 

(129,395

)

 

 

(1,161,523

)

 

 

(50,301,239

)

Accumulated impairment loss
   as of December 31, 2024

 

₩

—

 

 

 

(490,962

)

 

 

(1,950,261

)

 

 

(14,375

)

 

 

(291,807

)

 

 

(6,922

)

 

 

(29,802

)

 

 

(2,784,129

)

 

(*1) As of December 31, 2024, construction-in-progress mainly relates to construction of manufacturing facilities.

(*2) Others mainly consist of tools and equipment.

(*3) The Group has classified the depreciation as manufacturing overhead costs, selling expenses, administrative expenses and research and development expenses. It includes capitalized development costs.

(*4) Impairment losses are recognized for the difference between the carrying amount and the recoverable amount of property, plant and equipment.

(*5) Others mainly represent the reclassification of construction-in-progress to other property, plant and equipment.
Capitalized Borrowing Costs and Capitalization Rate
(b)
Capitalized borrowing costs and capitalization rate for the years ended December 31, 2022, 2023 and 2024 are as follows:

 

(In millions of won)

 

 

 

 

 

 

 

 

 

 

2022

 

 

2023

 

 

2024

 

Capitalized borrowing costs

 

₩

152,074

 

 

 

258,168

 

 

 

41,826

 

Capitalization rate

 

 

3.11

%

 

 

5.18

%

 

 

5.64

%