Investments in Equity Accounted Investees (Tables)

12 Months Ended

Dec. 31, 2019

Statement [line Items]

Summary of Consolidated Associates

(a) Associates at the reporting date are as follows:

(In millions of won)
Associates	Location	Fiscal year end	Date of incorporation	Business	2018					2019
					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	%	W	47,823		40	%	W	50,697
INVENIA Co., Ltd.(*1)	Seongnam, South Korea	December 31	January 2001	Develop and manufacture equipment for display manufacture		13	%		4,166		—			—
WooRee E&L Co., Ltd.(*2)	Ansan, South Korea	December 31	June 2008	Manufacture LED back light unit packages		14	%		4,746		14	%		7,310
YAS Co., Ltd.	Paju, South Korea	December 31	April 2002	Develop and manufacture deposition equipment for OLEDs		15	%		16,308		15	%		19,424
AVATEC Co., Ltd.(*3)	Daegu, South Korea	December 31	August 2000	Process and sell glass for display		17	%		23,441		14	%		19,929
Arctic Sentinel, Inc.	Los Angeles, U.S.A.	March 31	June 2008	Develop and manufacture tablet for kids		10	%		—		10	%		—
Cynora GmbH (*4)	Bruchsal, Germany	December 31	March 2003	Develop organic emitting materials for displays and lighting devices		14	%		8,668		12	%		4,714
Material Science Co., Ltd.(*5)	Seoul, South Korea	December 31	January 2014	Develop, manufacture, and sell materials for display		10	%	W	3,346		10	%	W	2,354
Nanosys Inc.(*6)	Milpitas, U.S.A.	December 31	July 2001	Develop, manufacture, and sell materials for display		4	%		5,491		4	%		5,183
								W	113,989				W	109,611

(*1) During 2019, the Controlling Company disposed of the entire investments, 3,000,000 shares of common stock, in INVENIA Co., Ltd and recognized W4,324 million of gain on disposal as finance income.

(*2) During 2019, the Controlling Company recognized a reversal of impairment loss of W1,535 million as finance income for the investments in WooRee E&L Co., Ltd.

(*3) During 2019, the Controlling Company disposed of 650,000 shares of common stock in AVATEC Co., Ltd. As of December 31, 2019, the Controlling Company’s ownership percentage in AVATEC Co., LTD. is 14% and the Controlling Company recognized W207 million of gain on disposal as finance income.

(*4) During 2019, the Controlling Company recognized an impairment loss of W3,954 million as finance cost for the investments in Cynora GmbH. As of December 31, 2019, the Controlling Company’s ownership percentage in Cynora GmbH decreased from 14% to 12% as the Controlling Company did not participate in the capital increase of Cynora GmbH.

(*5) During 2019, the Controlling Company recognized an impairment loss of W736 million as finance cost for the investments in Material Science Co., Ltd.

(*6) During 2019, the Controlling Company recognized a reversal of impairment loss of W209 million as finance income for the investments in Nanosys Inc.

Summary of Financial Information of Significant Associates

(b) Summary of financial information of the significant associate as of December 31, 2018 and 2019 and for the years ended December 31, 2017, 2018 and 2019 is as follows:

(i) Paju Electric Glass Co., Ltd.

(In millions of won)	December 31, 2018		December 31, 2019
Total assets	W	194,021		195,815
Current assets		128,788		126,314
Non-current assets		65,233		69,501
Total liabilities		72,686		66,017
Current liabilities		66,797		51,625
Non-current liabilities		5,889		14,392

(In millions of won)	2017			2018		2019
Revenue	W	408,846			384,144		346,434
Profit for the year		12,327			12,744		13,672
Other comprehensive income (loss)		(9,366	)		2,612		9,933
Total comprehensive income		2,961			15,356		23,605

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, 2018 and 2019 is as follows:

(i) As of December 31, 2018

(In millions of won)
Company	Net asset		Ownership interest			Net asset (applying ownership interest)		Goodwill		Intra-group transaction			Book value
Paju Electric Glass Co., Ltd.	W	121,335		40	%		48,534		—		(711	)		47,823

(ii) As of December 31, 2019

(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.	W	129,798		40	%		51,919		—		(789	)		(433	)		50,697

(d) Book value of other associates, in aggregate, as of December 31, 2018 and 2019 is as follows:

(i) As of December 31, 2018

(In millions of won)
	Book value		Net profit of associates (applying ownership interest)
			Profit for the year			Other comprehensive income			Total comprehensive income
Other associates	W	66,166		(3,739	)		(988	)		(4,727	)

(ii) As of December 31, 2019

(In millions of won)
	Book value		Net profit (loss) of associates (applying ownership interest)
			Profit (loss) for the year		Other comprehensive income (loss)		Total comprehensive income (loss)
Other associates	W	58,914		6,756		190		6,946

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, 2018 and 2019 are as follows:

(In millions of won)
		2018
Company		January 1		Acquisition/ Disposal		Dividends received			Equity income (loss) on investments			Other comprehensive income (loss)			Other gain (loss)			December 31
Associates	Paju Electric Glass Co., Ltd.	W	46,511		—		(4,172	)		4,439			1,045			—			47,823
	Others		75,996		12,592		(1,100	)		(3,739	)		(988	)		(16,595	)		66,166
		W	122,507		12,592		(5,272	)		700			57			(16,595	)		113,989

(In millions of won)
		2019
Company		January 1		Acquisition/ Disposal			Dividends received			Equity income (loss) on investments		Other comprehensive income (loss)		Other gain (loss)			December 31
Associates	Paju Electric Glass Co., Ltd.	W	47,823		—			(6,057	)		5,391		3,973		(433	)		50,697
	Others		66,166		(9,807	)		(1,445	)		6,756		190		(2,946	)		58,914
		W	113,989		(9,807	)		(7,502	)		12,147		4,163		(3,379	)		109,611