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Investments in Equity Accounted Investees (Tables)
12 Months Ended
Dec. 31, 2025
Textblock 1 [Abstract]  
Summary of Consolidated Investments in Associates
(a)
Details of investments in associates as of December 31, 2024 and 2025 are as follows:

 

(In millions of won)

 

 

 

 

 

 

 

December 31, 2024

 

 

December 31, 2025

 

Associates

 

Location

 

Closing

 

Business

 

Percentage
of
ownership

 

 

Carrying
amount

 

 

Percentage
of
ownership

 

 

 

Carrying
amount

 

Paju Electric Glass Co.,
   Ltd.

 

Paju,
South Korea

 

December

 

Production of
glass
for display

 

 

40

%

 

W

 

29,479

 

 

 

40

%

 

W

 

31,479

 

Arctic Sentinel, Inc.

 

Los Angeles,
U.S.A.

 

March

 

Development
and
production of
tablet for kids

 

 

10

%

 

 

 

 

 

 

10

%

 

 

 

 

Cynora GmbH

 

Bruchsal,
Germany

 

December

 

Development
of organic
light emitting
materials
for displays
and lighting
devices

 

 

10

%

 

 

 

 

 

 

10

%

 

 

 

 

Material Science Co.,
   Ltd.(*)

 

Hwaseong,
South Korea

 

December

 

Development,
production,
and sales of
materials for
display

 

 

14

%

 

 

 

3,698

 

 

 

9

%

 

 

 

5,027

 

Total

 

 

 

 

 

 

 

 

 

 

W

 

33,177

 

 

 

 

 

W

 

36,506

 

 

(*) Due to the investee’s issuance of new shares, the Parent Company’s percentage of ownership decreased from 14% to 9%.

Summary of Financial Information of Significant Associates
(b)
Summarized of financial information of the significant associates as of December 31, 2024 and 2025 and for the years ended December 31, 2023, 2024 and 2025 are as follows:

Paju Electric Glass Co., Ltd.

 

(In millions of won)

 

December 31, 2024

 

 

December 31, 2025

 

Total assets

 

W

 

123,520

 

 

 

122,221

 

Current assets

 

 

 

110,055

 

 

 

110,544

 

Non-current assets

 

 

 

13,465

 

 

 

11,677

 

Total liabilities

 

 

 

48,088

 

 

 

42,107

 

Current liabilities

 

 

 

47,418

 

 

 

41,469

 

Non-current liabilities

 

 

 

670

 

 

 

638

 

 

8.
Investments in Equity Accounted Investees, Continued

 

(In millions of won)

 

2023

 

 

2024

 

 

2025

 

Revenue

 

W

 

184,880

 

 

 

277,093

 

 

 

274,754

 

Profit (loss) for the year

 

 

 

(2,655

)

 

 

10,015

 

 

 

7,499

 

Other comprehensive income (loss)

 

 

 

(4,894

)

 

 

3,301

 

 

 

1,342

 

Total comprehensive income (loss)

 

 

 

(7,549

)

 

 

13,316

 

 

 

8,841

 

 

Reconciliation from Financial Information of Significant Associate to its Carrying Value in Consolidated Financial Statements
(c)
The reconciliation of the summarized financial information of the significant associates to the carrying amounts of the equity accounted investments as of December 31, 2024 and 2025 are as follows:
(i)
As of December 31, 2024

 

(In millions of won)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

Net assets

 

 

Ownership
interest

 

 

Net assets
(applying
ownership
interest)

 

 

Intra-group
transaction

 

 

Carrying
amount

 

Paju Electric Glass Co., Ltd.

 

W

 

75,432

 

 

 

40

%

 

 

30,173

 

 

 

(694

)

 

 

29,479

 

 

(ii)
As of December 31, 2025

 

(In millions of won)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

Net assets

 

 

Ownership
interest

 

 

Net assets
(applying
ownership
interest)

 

 

Intra-group
transaction

 

 

Carrying
amount

 

Paju Electric Glass Co., Ltd.

 

W

 

80,114

 

 

 

40

%

 

 

32,046

 

 

 

(567

)

 

 

31,479

 

 

(d)
Carrying amount of other associates, in aggregate, as of December 31, 2024 and 2025 are as follows:
(i)
As of December 31, 2024

 

 

 

 

 

 

Net profit (loss) of associates (applying ownership interest)

 

(In millions of won)

 

Book value

 

 

Profit (loss) for
the year

 

 

Other
comprehensive
income (loss)

 

 

Total
comprehensive
income (loss)

 

Other associates

 

W

 

3,698

 

 

 

1,455

 

 

 

1,912

 

 

 

3,367

 

 

(ii)
As of December 31, 2025

 

 

 

 

 

 

Net profit (loss) of associates (applying ownership interest)

 

(In millions of won)

 

Book value

 

 

Profit (loss) for
the year

 

 

Other
comprehensive
income (loss)

 

 

Total
comprehensive
income (loss)

 

Other associates

 

W

 

5,027

 

 

 

(644

)

 

 

2,263

 

 

 

1,619

 

 

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, 2024 and 2025 are as follows:

 

(In millions of won)

 

 

 

2024

 

Company

 

 

 

January 1

 

 

Disposals
and others

 

 

Dividends
received

 

 

Equity
income on
investments

 

 

Other
comprehensive
income

 

 

Other gain

 

 

December 31,

 

 

Paju Electric Glass
   Co., Ltd.

 

W

 

24,200

 

 

 

 

 

 

 

 

 

3,957

 

 

 

1,322

 

 

 

 

 

 

29,479

 

Associates

 

Others

 

 

 

60,129

 

 

 

(60,581

)

 

 

(200

)

 

 

1,455

 

 

 

1,912

 

 

 

983

 

 

 

3,698

 

Total

 

 

 

W

 

84,329

 

 

 

(60,581

)

 

 

(200

)

 

 

5,412

 

 

 

3,234

 

 

 

983

 

 

 

33,177

 

 

(In millions of won)

 

 

 

 

2025

 

Company

 

 

 

 

January 1

 

 

Disposals
and others

 

 

Dividends
received

 

 

Equity
income on
investments

 

 

Other
comprehensive
income

 

 

Other gain

 

 

December 31,

 

 

Paju Electric Glass
   Co., Ltd.

 

 

W

 

29,479

 

 

 

 

 

 

(1,664

)

 

 

3,127

 

 

 

537

 

 

 

 

 

 

31,479

 

Associates

 

Others

 

 

 

 

3,698

 

 

 

(1,853

)

 

 

 

 

 

(644

)

 

 

2,263

 

 

 

1,563

 

 

 

5,027

 

Total

 

 

 

 

W

 

33,177

 

 

 

(1,853

)

 

 

(1,664

)

 

 

2,483

 

 

 

2,800

 

 

 

1,563

 

 

 

36,506