Finance Income and Costs

12 Months Ended

Dec. 31, 2025

29.	Finance Income and Costs

(1)

Details of finance income and costs for the years ended December 31, 2025, 2024 and 2023 are as follows:


(In millions of won)
	2025		2024		2023
Finance income:
Interest income	₩	73,064		87,245		70,055
Dividends		57,060		35,818		43,014
Gain on foreign currency transactions		27,307		32,260		19,065
Gain on foreign currency translations		3,671		9,344		1,199
Gain relating to financial instruments at FVTPL		58,256		190,368		115,043

	₩	219,358		355,035		248,376

Finance costs:
Interest expense	₩	383,205		403,129		389,813
Loss on sale of accounts receivable – other		17,513		35,317		65,027
Loss on foreign currency transactions		30,777		30,892		21,693
Loss on foreign currency translations		3,029		3,575		1,227
Loss relating to financial instruments at FVTPL		16,350		133,006		49,641
Loss on settlement of derivatives		7,298		—		—
Loss on repayment of debentures		468		—		—
Other finance costs		23,356		—		—

	₩	481,996		605,919		527,401

(2)

Details of interest income included in finance income for the years ended December 31, 2025, 2024 and 2023 are as follows:


(In millions of won)
	2025		2024		2023
Interest income on cash equivalents and financial instruments	₩	47,851		57,731		44,921
Interest income on loans and others		25,213		29,514		25,134

	₩	73,064		87,245		70,055

(3)

Details of interest expenses included in finance costs for the years ended December 31, 2025, 2024 and 2023 are as follows:


(In millions of won)
	2025		2024		2023
Interest expense on borrowings	₩	26,300		31,718		29,917
Interest expense on debentures		277,937		272,846		247,105
Others		78,968		98,565		112,791

	₩	383,205		403,129		389,813

(4)

Finance income and costs by category of financial instruments for the years ended December 31, 2025, 2024 and 2023 are as follows. Bad debt expense (reversal of loss allowance) for accounts receivable – trade, loans and receivables are presented and explained separately in notes 6 and 34.

Finance income and costs


(In millions of won)
	2025
	Finance income		Finance costs
Financial assets:
Financial assets at FVTPL	₩	84,582		38,798
Financial assets at FVOCI		56,199		23,356
Financial assets at amortized cost		72,894		33,259

		213,675		95,413

Financial liabilities:
Financial liabilities at FVTPL		2,153		2,364
Financial liabilities at amortized cost		3,530		384,219

		5,683		386,583

	₩	219,358		481,996


(In millions of won)
	2024
	Finance income		Finance costs
Financial assets:
Financial assets at FVTPL	₩	95,708		52,731
Financial assets at FVOCI		30,993		—
Financial assets at amortized cost		106,514		13,281

		233,215		66,012

Financial liabilities:
Financial liabilities at FVTPL		121,061		115,592
Financial liabilities at amortized cost		759		424,315

		121,820		539,907

	₩	355,035		605,919


(In millions of won)
	2023
	Finance income		Finance costs
Financial assets:
Financial assets at FVTPL	₩	127,001		114,668
Financial assets at FVOCI		39,681		—
Financial assets at amortized cost		69,373		22,795
Derivatives designated as hedging instrument		2,480		—

		238,535		137,463

Financial liabilities:
Financial liabilities at FVTPL		6,717		—
Financial liabilities at amortized cost		3,124		389,938

		9,841		389,938

	₩	248,376		527,401

Other comprehensive income (loss), net of tax


(In millions of won)
	2025		2024			2023
Financial assets:
Financial assets at FVOCI	₩	1,465,513		11,253			(18,842	)
Derivatives designated as hedging instrument		12,445		(12,398	)		(11,520	)

		1,477,958		(1,145	)		(30,362	)

Financial liabilities:
Derivatives designated as hedging instrument		10,178		5,825			(5,940	)

	₩	1,488,136		4,680			(36,302	)

(5)

Details of impairment losses for financial assets for the years ended December 31, 2025, 2024 and 2023 are as follows:


(In millions of won)
	2025		2024		2023
Accounts receivable – trade	₩	44,183		49,865		37,906
Other receivables		3,282		4,838		5,256

	₩	47,465		54,703		43,162