| Transactions with Related Parties |
|
Transactions with Related Parties |
| |
(1) |
List of related parties |
|
|
|
| Relationship |
|
Company |
| Ultimate controlling entity |
|
SK Inc. |
| Joint venture |
|
UTC Kakao-SK Telecom ESG Fund |
| Associates(*) |
|
SK China Company Ltd. and 40 others |
| Others |
|
The ultimate controlling entity’s subsidiaries, associates and others |
| (*) |
Associates include investments that are measured in accordance with IFRS 9 in which the Group has significant influence but is determined to have no substantive access to returns associated with its ownership interest. | For the periods presented, the Group is part of SK Group, a conglomerate as defined in the Monopoly Regulation and Fair Trade Act of the Republic of Korea. All other entities included in SK Group are there considered related parties of the Group.
| |
(2) |
Compensation for the key management | The Parent Company considers registered directors who have substantial roles and responsibilities in the planning, operations, and oversight of relevant controls of the business to be key management personnel. The compensation given to such key management for the years ended December 31, 2025 and 2024 are as follows:
|
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|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Salaries |
|
₩ |
6,727 |
|
|
|
5,673 |
|
|
|
4,139 |
|
| Defined benefits plan expenses |
|
|
1,038 |
|
|
|
1,362 |
|
|
|
1,005 |
|
| Share option |
|
|
(181 |
) |
|
|
977 |
|
|
|
2,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
7,584 |
|
|
|
8,012 |
|
|
|
7,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Compensation for the key management includes salaries, non-monetary benefits, defined benefit relating to the pension plan, and share-based compensation expenses.
| |
(3) |
Transactions with related parties for the years ended December 31, 2025, 2024 and 2023 are as follows: |
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|
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|
|
|
|
| Scope |
|
Company |
|
Operating
revenue and
others |
|
|
Operating
expenses and
others(*1) |
|
|
Acquisition of
property and
equipment
and others |
|
| Ultimate controlling entity |
|
SK Inc.(*2) |
|
₩ |
34,002 |
|
|
|
618,183 |
|
|
|
256,314 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Associates |
|
SK m&service Co., Ltd. |
|
|
4,584 |
|
|
|
34,214 |
|
|
|
1,211 |
|
|
|
Penguin Solutions, Inc.(*3) |
|
|
15,191 |
|
|
|
— |
|
|
|
99,822 |
|
|
|
Others(*4,5) |
|
|
22,144 |
|
|
|
25,439 |
|
|
|
129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,919 |
|
|
|
59,653 |
|
|
|
101,162 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Others |
|
SK Innovation Co., Ltd. |
|
|
8,566 |
|
|
|
18,819 |
|
|
|
2,050 |
|
|
|
SK Energy Co., Ltd. |
|
|
1,793 |
|
|
|
74 |
|
|
|
— |
|
|
|
SK Geo Centric Co., Ltd. |
|
|
810 |
|
|
|
320 |
|
|
|
— |
|
|
|
SK Networks Co., Ltd.(*6) |
|
|
9,786 |
|
|
|
977,911 |
|
|
|
— |
|
|
|
SK Networks Service Co., Ltd. |
|
|
4,964 |
|
|
|
60,740 |
|
|
|
3,928 |
|
|
|
SK Ecoplant Co., Ltd. |
|
|
2,959 |
|
|
|
286 |
|
|
|
34,765 |
|
|
|
SK hynix Inc. |
|
|
64,330 |
|
|
|
792 |
|
|
|
— |
|
|
|
SK Shieldus Co., Ltd. |
|
|
54,407 |
|
|
|
178,304 |
|
|
|
29,009 |
|
|
|
Content Wavve Corp. |
|
|
8,422 |
|
|
|
59,667 |
|
|
|
— |
|
|
|
Eleven Street Co., Ltd. |
|
|
72,221 |
|
|
|
29,817 |
|
|
|
— |
|
|
|
SK Planet Co., Ltd. |
|
|
7,990 |
|
|
|
74,562 |
|
|
|
1,670 |
|
|
|
SK intellix Co.,Ltd. (Formerly, SK Magic Co., Ltd.) |
|
|
1,391 |
|
|
|
1,165 |
|
|
|
— |
|
|
|
Tmap Mobility Co., Ltd. |
|
|
12,221 |
|
|
|
5,503 |
|
|
|
— |
|
|
|
Onestore Co., Ltd. |
|
|
12,365 |
|
|
|
37 |
|
|
|
— |
|
|
|
Dreamus Company |
|
|
3,915 |
|
|
|
50,339 |
|
|
|
— |
|
|
|
UNA Engineering Inc. |
|
|
92 |
|
|
|
57,350 |
|
|
|
47,061 |
|
|
|
Happy Narae Co., Ltd. |
|
|
709 |
|
|
|
32,268 |
|
|
|
42,137 |
|
|
|
SK REIT Co., Ltd.(*7) |
|
|
215,701 |
|
|
|
1,174 |
|
|
|
— |
|
|
|
Others |
|
|
39,459 |
|
|
|
50,603 |
|
|
|
20,130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
522,101 |
|
|
|
1,599,731 |
|
|
|
180,750 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
598,022 |
|
|
|
2,277,567 |
|
|
|
538,226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (*1) |
Operating expenses and others include lease payments by the Group. |
| (*2) |
Operating expenses and others include ₩177,961 million of dividends paid by the Parent Company. |
| (*3) |
Operating revenue and others include ₩15,191 million of dividends received. |
| (*4) |
The disposal of the shares in F&U Credit Information Co., Ltd. held by the Group was completed on April 4, 2025, and the transactions subsequent to the disposal have not been included. |
| (*5) |
Operating revenue and others include ₩18,339 million of dividends received which was deducted from the investment in associates. |
| (*6) |
Operating expenses and others include costs for handset purchases amounting to ₩914,042 million. |
| (*7) |
Operating revenue and others include ₩215,699 million arising from the disposal of the office building located in Seongnam-si, Gyeonggi-do pursuant to a sale and leaseback agreement. In connection with this transaction, right-of-use assets and lease liabilities increased by ₩20,583 million and ₩61,778 million, respectively, for the year ended December 31, 2025. |
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Scope |
|
Company |
|
Operating
revenue and
others |
|
|
|
|
|
Acquisition of
property and
equipment
and others |
|
| Ultimate controlling entity |
|
SK Inc.(*2) |
|
₩ |
19,501 |
|
|
|
660,578 |
|
|
|
125,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Associates |
|
F&U Credit information Co., Ltd. |
|
|
3,227 |
|
|
|
48,035 |
|
|
|
266 |
|
|
|
SK AMERICAS Inc. (Formerly, SK USA Inc.) |
|
|
649 |
|
|
|
5,462 |
|
|
|
— |
|
|
|
Daehan Kanggun BcN Co., Ltd. |
|
|
9,551 |
|
|
|
— |
|
|
|
— |
|
|
|
Others(*3) |
|
|
10,154 |
|
|
|
13,051 |
|
|
|
296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,581 |
|
|
|
66,548 |
|
|
|
562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Others |
|
SK Innovation Co., Ltd. |
|
|
14,630 |
|
|
|
16,757 |
|
|
|
— |
|
|
|
SK Energy Co., Ltd. |
|
|
3,822 |
|
|
|
264 |
|
|
|
— |
|
|
|
SK Geo Centric Co., Ltd. |
|
|
847 |
|
|
|
187 |
|
|
|
— |
|
|
|
SK Networks Co., Ltd.(*4) |
|
|
5,096 |
|
|
|
1,011,217 |
|
|
|
— |
|
|
|
SK Networks Service Co., Ltd. |
|
|
5,300 |
|
|
|
67,713 |
|
|
|
4,352 |
|
|
|
SK Ecoplant Co., Ltd. |
|
|
2,993 |
|
|
|
— |
|
|
|
— |
|
|
|
SK hynix Inc. |
|
|
50,127 |
|
|
|
256 |
|
|
|
— |
|
|
|
SK Shieldus Co., Ltd. |
|
|
61,040 |
|
|
|
147,587 |
|
|
|
18,863 |
|
|
|
Content Wavve Corp. |
|
|
13,432 |
|
|
|
83,164 |
|
|
|
— |
|
|
|
Eleven Street Co., Ltd. |
|
|
69,448 |
|
|
|
31,277 |
|
|
|
— |
|
|
|
SK Planet Co., Ltd. |
|
|
15,580 |
|
|
|
84,536 |
|
|
|
14,656 |
|
|
|
SK RENT A CAR Co., Ltd.(*5) |
|
|
8,336 |
|
|
|
14,462 |
|
|
|
169 |
|
|
|
SK intellix Co.,Ltd. (Formerly, SK Magic Co., Ltd.) |
|
|
1,522 |
|
|
|
796 |
|
|
|
— |
|
|
|
Tmap Mobility Co., Ltd. |
|
|
24,291 |
|
|
|
6,452 |
|
|
|
— |
|
|
|
Onestore Co., Ltd. |
|
|
14,588 |
|
|
|
1,604 |
|
|
|
— |
|
|
|
Dreamus Company |
|
|
5,526 |
|
|
|
66,242 |
|
|
|
265 |
|
|
|
UNA Engineering Inc. |
|
|
88 |
|
|
|
55,902 |
|
|
|
50,497 |
|
|
|
Happy Narae Co., Ltd. |
|
|
1,317 |
|
|
|
15,760 |
|
|
|
108,074 |
|
|
|
Others |
|
|
47,355 |
|
|
|
75,040 |
|
|
|
25,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
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|
|
|
|
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|
|
|
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|
|
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|
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| |
|
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|
|
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|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
| (*1) |
Operating expenses and others include lease payments by the Group. |
| (*2) |
Operating expenses and others include ₩232,466 million of dividends paid by the Parent Company. |
| (*3) |
Operating revenue and others include ₩7,718 million of dividends received which was deducted from the investment in associates. |
| (*4) |
Operating expenses and others include costs for handset purchases amounting to ₩964,692 million. |
| (*5) |
SK RENT A CAR Co., Ltd. was excluded from the related parties for the year ended December 31, 2024, and the transactions above occurred before the related party relationship terminated. |
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Scope |
|
Company |
|
Operating
revenue and
others |
|
|
Operating
expenses and
others(*1) |
|
|
Acquisition of
property and
equipment
and others |
|
| Ultimate controlling entity |
|
SK Inc.(*2) |
|
₩ |
21,438 |
|
|
|
633,265 |
|
|
|
120,926 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Associates |
|
F&U Credit information Co., Ltd. |
|
|
3,876 |
|
|
|
49,398 |
|
|
|
552 |
|
|
|
SK AMERICAS Inc. (Formerly, SK USA Inc.) |
|
|
— |
|
|
|
5,384 |
|
|
|
— |
|
|
|
Daehan Kanggun BcN Co., Ltd. |
|
|
12,972 |
|
|
|
— |
|
|
|
— |
|
|
|
Others(*3) |
|
|
8,806 |
|
|
|
15,962 |
|
|
|
865 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,654 |
|
|
|
70,744 |
|
|
|
1,417 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Others |
|
SK Innovation Co., Ltd. |
|
|
33,571 |
|
|
|
18,977 |
|
|
|
— |
|
|
|
SK Energy Co., Ltd. |
|
|
4,113 |
|
|
|
540 |
|
|
|
— |
|
|
|
SK Geo Centric Co., Ltd. |
|
|
835 |
|
|
|
2 |
|
|
|
— |
|
|
|
SK Networks Co., Ltd.(*4) |
|
|
5,876 |
|
|
|
970,662 |
|
|
|
1 |
|
|
|
SK Networks Service Co., Ltd. |
|
|
5,471 |
|
|
|
72,274 |
|
|
|
8,393 |
|
|
|
SK Ecoplant Co., Ltd. |
|
|
2,547 |
|
|
|
— |
|
|
|
— |
|
|
|
SK hynix Inc. |
|
|
58,725 |
|
|
|
178 |
|
|
|
— |
|
|
|
SK Shieldus Co., Ltd. |
|
|
59,974 |
|
|
|
147,333 |
|
|
|
26,021 |
|
|
|
Content Wavve Corp. |
|
|
14,524 |
|
|
|
87,263 |
|
|
|
176 |
|
|
|
Eleven Street Co., Ltd. |
|
|
72,683 |
|
|
|
34,053 |
|
|
|
— |
|
|
|
SK Planet Co., Ltd. |
|
|
18,308 |
|
|
|
88,250 |
|
|
|
16,338 |
|
|
|
SK RENT A CAR Co., Ltd. |
|
|
14,023 |
|
|
|
20,231 |
|
|
|
— |
|
|
|
SK intellix Co., Ltd. (Formerly, SK Magic Co., Ltd.) |
|
|
1,632 |
|
|
|
1,142 |
|
|
|
— |
|
|
|
Tmap Mobility Co., Ltd. |
|
|
24,862 |
|
|
|
10,003 |
|
|
|
— |
|
|
|
Onestore Co., Ltd. |
|
|
16,265 |
|
|
|
166 |
|
|
|
— |
|
|
|
Dreamus Company |
|
|
6,202 |
|
|
|
77,452 |
|
|
|
284 |
|
|
|
UNA Engineering Inc. |
|
|
172 |
|
|
|
50,263 |
|
|
|
52,733 |
|
|
|
Happy Narae Co., Ltd. |
|
|
1,472 |
|
|
|
35,461 |
|
|
|
92,375 |
|
|
|
Others |
|
|
52,039 |
|
|
|
21,884 |
|
|
|
13,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
393,294 |
|
|
|
1,636,134 |
|
|
|
209,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
440,386 |
|
|
|
2,340,143 |
|
|
|
331,956 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (*1) |
Operating expenses and others include lease payments by the Group. |
| (*2) |
Operating expenses and others include ₩218,019 million of dividends paid by the Parent Company. |
| (*3) |
Operating revenue and others include ₩8,806 million of dividends received which was deducted from the investment in associates. |
| (*4) |
Operating expenses and others include costs for handset purchases amounting to ₩915,339 million. |
| |
(4) |
Account balances with related parties as of December 31, 2025 and 2024 are as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Scope |
|
Company |
|
Accounts
receivable –
trade, etc. |
|
|
Accounts
payable –
other, etc. |
|
| Ultimate controlling entity |
|
SK Inc. |
|
₩ |
9,193 |
|
|
|
170,652 |
|
| Associates |
|
SK m&service Co., Ltd. |
|
|
700 |
|
|
|
32,081 |
|
|
|
Others |
|
|
1,009 |
|
|
|
1,790 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,709 |
|
|
|
33,871 |
|
|
|
|
|
|
|
|
|
|
|
|
| Others |
|
SK Innovation Co., Ltd. |
|
|
4,996 |
|
|
|
21,976 |
|
|
|
SK Networks Co., Ltd. |
|
|
258 |
|
|
|
123,865 |
|
|
|
Mintit Co., Ltd. |
|
|
2,553 |
|
|
|
2 |
|
|
|
SK hynix Inc. |
|
|
13,232 |
|
|
|
291 |
|
|
|
Happy Narae Co., Ltd. |
|
|
37 |
|
|
|
2,851 |
|
|
|
SK Shieldus Co., Ltd. |
|
|
15,393 |
|
|
|
18,754 |
|
|
|
Content Wavve Corp. |
|
|
— |
|
|
|
6 |
|
|
|
Incross Co., Ltd. |
|
|
1,820 |
|
|
|
25,570 |
|
|
|
Eleven Street Co., Ltd. |
|
|
17,455 |
|
|
|
2,189 |
|
|
|
SK Planet Co., Ltd. |
|
|
259 |
|
|
|
5,933 |
|
|
|
UNA Engineering Inc. |
|
|
— |
|
|
|
9,271 |
|
|
|
SK REIT Co., Ltd. |
|
|
7,890 |
|
|
|
61,835 |
|
|
|
Others |
|
|
11,895 |
|
|
|
24,816 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75,788 |
|
|
|
297,359 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
86,690 |
|
|
|
501,882 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Scope |
|
Company |
|
|
|
|
Accounts
receivable –
trade, etc. |
|
|
Accounts
payable –
other, etc. |
|
| Ultimate controlling entity |
|
SK Inc. |
|
₩ |
— |
|
|
|
1,668 |
|
|
|
76,471 |
|
| Associates |
|
F&U Credit information Co., Ltd. |
|
|
— |
|
|
|
54 |
|
|
|
4,610 |
|
|
|
Daehan Kanggun BcN Co., Ltd.(*) |
|
|
22,147 |
|
|
|
— |
|
|
|
— |
|
|
|
Others |
|
|
— |
|
|
|
5,158 |
|
|
|
7,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,147 |
|
|
|
5,212 |
|
|
|
11,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Others |
|
SK Innovation Co., Ltd. |
|
|
— |
|
|
|
6,531 |
|
|
|
28,326 |
|
|
|
SK Networks Co., Ltd. |
|
|
— |
|
|
|
372 |
|
|
|
140,120 |
|
|
|
Mintit Co., Ltd. |
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
SK hynix Inc. |
|
|
— |
|
|
|
12,680 |
|
|
|
206 |
|
|
|
Happy Narae Co., Ltd. |
|
|
— |
|
|
|
52 |
|
|
|
17,833 |
|
|
|
SK Shieldus Co., Ltd. |
|
|
— |
|
|
|
12,582 |
|
|
|
20,515 |
|
|
|
Content Wavve Corp. |
|
|
— |
|
|
|
1,564 |
|
|
|
7 |
|
|
|
Incross Co., Ltd. |
|
|
— |
|
|
|
1,946 |
|
|
|
20,353 |
|
|
|
Eleven Street Co., Ltd. |
|
|
— |
|
|
|
16,637 |
|
|
|
4,750 |
|
|
|
SK Planet Co., Ltd. |
|
|
— |
|
|
|
980 |
|
|
|
15,491 |
|
|
|
UNA Engineering Inc. |
|
|
— |
|
|
|
— |
|
|
|
25,498 |
|
|
|
Others |
|
|
— |
|
|
|
12,703 |
|
|
|
27,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
66,051 |
|
|
|
301,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
₩ |
22,147 |
|
|
|
72,931 |
|
|
|
389,162 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (*) |
As of December 31, 2024, the Parent Company recognized loss allowance for the entire balance of loans to Daehan Kanggun BcN Co., Ltd. |
| |
(5) |
The Group has granted SK REIT Co., Ltd. the right of first offer regarding the disposal of specified real estates owned by the Group, and the negotiation period is three years from June 30, 2024, the date of agreement. In addition, the Group has been granted the right by SK REIT Co., Ltd. to lease the real estate in preference to a third party if SK REIT Co., Ltd. purchases the real estate from the Group. |
| |
(6) |
The details of additional investments and disposal of associates for the year ended December 31, 2025 are presented in note 11. |
|