| Intangible Assets |
| |
(1) |
Intangible assets as of December 31, 2025 and 2024 are as follows: |
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| Frequency usage rights(*1) |
|
₩ |
3,564,907 |
|
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|
(2,900,421 |
) |
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|
— |
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|
664,486 |
|
| Land usage rights |
|
|
41,193 |
|
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|
(40,944 |
) |
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|
— |
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|
249 |
|
| Industrial rights |
|
|
57,239 |
|
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|
(37,669 |
) |
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|
— |
|
|
|
19,570 |
|
| Development costs |
|
|
1,914 |
|
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|
(1,906 |
) |
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|
— |
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|
8 |
|
| Facility usage rights |
|
|
162,391 |
|
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|
(150,671 |
) |
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— |
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|
11,720 |
|
| Customer relations |
|
|
501,103 |
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(282,009 |
) |
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— |
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|
219,094 |
|
| Club memberships(*2) |
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|
91,787 |
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|
— |
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(14,326 |
) |
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77,461 |
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| Other(*3) |
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4,520,167 |
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(3,795,530 |
) |
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(6,605 |
) |
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718,032 |
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₩ |
8,940,701 |
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(7,209,150 |
) |
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(20,931 |
) |
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1,710,620 |
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| Frequency usage rights(*1) |
|
₩ |
3,564,907 |
|
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|
(2,429,361 |
) |
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— |
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|
1,135,546 |
|
| Land usage rights |
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|
54,341 |
|
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|
(54,032 |
) |
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|
— |
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|
309 |
|
| Industrial rights |
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|
98,265 |
|
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|
(33,092 |
) |
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|
(45,000 |
) |
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|
20,173 |
|
| Development costs |
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|
2,960 |
|
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|
(2,933 |
) |
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|
— |
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|
27 |
|
| Facility usage rights |
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|
161,561 |
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(148,247 |
) |
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— |
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|
13,314 |
|
| Customer relations |
|
|
505,062 |
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(258,943 |
) |
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— |
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|
246,119 |
|
| Club memberships(*2) |
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|
93,266 |
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|
— |
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(14,648 |
) |
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|
78,618 |
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| Other(*3) |
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|
5,029,153 |
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(4,284,644 |
) |
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(43,744 |
) |
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|
700,765 |
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₩ |
9,509,515 |
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(7,211,252 |
) |
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(103,392 |
) |
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2,194,871 |
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| |
(*1) |
The Parent Company was reassigned 800 MHz, 1.8 GHz and 2.1 GHz band of frequency licenses from the Ministry of Science and Information and Communication Technology (“ICT”) in exchange for ₩227,200 million, ₩547,800 million and ₩411,700 million, respectively, for the year ended December 31, 2021. The band of frequency was assigned to the Parent Company at the date of initial lump sum payment for the year ended December 31, 2021 and the annual payments in installment for the remaining balances are made in the next five years starting from the date of initial lump sum payment. |
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(*2) |
Club memberships are classified as intangible assets with indefinite useful lives and are not amortized. |
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(*3) |
Other intangible assets primarily consist of computer software and others. |
| |
(2) |
Changes in intangible assets for the years ended December 31, 2025 and 2024 are as follows: |
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| Frequency usage rights |
|
₩ |
1,135,546 |
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|
— |
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|
— |
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|
— |
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(471,060 |
) |
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— |
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|
— |
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|
664,486 |
|
| Land usage rights |
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|
309 |
|
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|
96 |
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|
— |
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— |
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(156 |
) |
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— |
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|
— |
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|
249 |
|
| Industrial rights |
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|
20,173 |
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|
3,976 |
|
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|
— |
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|
— |
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(4,579 |
) |
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— |
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|
— |
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|
19,570 |
|
| Development costs |
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|
27 |
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— |
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— |
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— |
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(19 |
) |
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— |
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— |
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8 |
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| Facility usage rights |
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|
13,314 |
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|
848 |
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(2 |
) |
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|
381 |
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(2,821 |
) |
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— |
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— |
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|
11,720 |
|
| Customer relations |
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|
246,119 |
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— |
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— |
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— |
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(27,025 |
) |
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— |
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— |
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|
219,094 |
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| Club memberships |
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|
78,618 |
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6,580 |
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(3,900 |
) |
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(2,542 |
) |
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— |
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(1,295 |
) |
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— |
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77,461 |
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| Other |
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700,765 |
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105,212 |
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(1,861 |
) |
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212,122 |
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(297,569 |
) |
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(639 |
) |
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2 |
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718,032 |
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₩ |
2,194,871 |
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|
116,712 |
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(5,763 |
) |
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209,961 |
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(803,229 |
) |
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(1,934 |
) |
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2 |
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1,710,620 |
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| |
(*1) |
The Group recognized the difference between recoverable amount and the carrying amount of intangible assets amounting to ₩1,934 million as impairment loss for the year ended December 31, 2025. |
| |
(*2) |
The Group decided to dispose of the shares of SK stoa Co., Ltd. and Media S Co., Ltd., the consolidated subsidiaries, and reclassified the intangible assets amounting to ₩17,795 million of SK stoa Co., Ltd. and Media S Co., Ltd., as assets held for sale. (See note 39) |
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(*3) |
Other changes consist of increases in assets arising from business combinations under common control. (See note 40) |
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| Frequency usage rights |
|
₩ |
1,606,606 |
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|
— |
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|
— |
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|
— |
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(471,060 |
) |
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— |
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|
— |
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|
1,135,546 |
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| Land usage rights |
|
|
587 |
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|
69 |
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(5 |
) |
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— |
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|
(342 |
) |
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— |
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|
— |
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|
309 |
|
| Industrial rights |
|
|
46,154 |
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|
6,578 |
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(241 |
) |
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(1 |
) |
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(4,962 |
) |
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(27,340 |
) |
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(15 |
) |
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20,173 |
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| Development costs |
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|
49 |
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— |
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— |
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— |
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(22 |
) |
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— |
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— |
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|
27 |
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| Facility usage rights |
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|
14,313 |
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|
1,477 |
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(3 |
) |
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|
618 |
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(3,091 |
) |
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— |
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|
— |
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|
13,314 |
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| Customer relations |
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|
273,150 |
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|
— |
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|
— |
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|
— |
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(27,031 |
) |
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— |
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|
— |
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|
246,119 |
|
| Club memberships |
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|
97,186 |
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|
3,700 |
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(20,065 |
) |
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(1,727 |
) |
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— |
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(476 |
) |
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— |
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|
78,618 |
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| Other |
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|
823,092 |
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|
61,598 |
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(1,596 |
) |
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|
209,702 |
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(336,870 |
) |
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(54,927 |
) |
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|
(234 |
) |
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|
700,765 |
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₩ |
2,861,137 |
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|
73,422 |
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(21,910 |
) |
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|
208,592 |
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|
(843,378 |
) |
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|
(82,743 |
) |
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(249 |
) |
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|
2,194,871 |
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|
| |
(*1) |
The Group recognized the difference between recoverable amount and the carrying amount of intangible assets amounting to ₩82,743 million as impairment loss for the year ended December 31, 2024. |
| |
(*2) |
The Group decided to dispose of the shares of NATE Communications Corporation (formerly, SK Communications Co., Ltd.) and SK m&service Co., Ltd., the consolidated subsidiaries, and reclassified the intangible assets amounting to ₩5,655 million of NATE Communications Corporation (formerly, SK Communications Co., Ltd.) and SK m&service Co., Ltd. as assets held for sale. (See note 39) |
| |
(3) |
Research and development expenditures recognized as expense for the years ended December 31, 2025, 2024 and 2023 are as follows: |
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| |
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| Research and development costs expensed as incurred |
|
₩ |
339,507 |
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|
378,079 |
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|
369,507 |
|
| |
(4) |
Details of frequency usage rights as of December 31, 2025 are as follows: |
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Description |
|
Commencement
of amortization |
|
|
Completion
of amortization |
|
| 800MHz license |
|
₩ |
21,958 |
|
|
LTE service |
|
|
Jul. 2021 |
|
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|
Jun. 2026 |
|
| 1.8GHz license |
|
|
96,968 |
|
|
LTE service |
|
|
Dec. 2021 |
|
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|
Dec. 2026 |
|
| 2.6GHz license |
|
|
121,410 |
|
|
LTE service |
|
|
Sep. 2016 |
|
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|
Dec. 2026 |
|
| 2.1GHz license |
|
|
72,876 |
|
|
W-CDMA and LTE service |
|
|
Dec. 2021 |
|
|
|
Dec. 2026 |
|
| 3.5GHz license |
|
|
351,274 |
|
|
5G service |
|
|
Apr. 2019 |
|
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|
Nov. 2028 |
|
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|
|
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|
|
|
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|
|
|
|
|
|
|
₩ |
664,486 |
|
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