Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document and entity information [abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Trading Symbol | LPL |
Entity Registrant Name | LG Display Co., Ltd. |
Entity Central Index Key | 0001290109 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 357,815,700 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and cash equivalents | ₩ 2,365,022 | ₩ 2,602,560 |
Deposits in banks | 78,400 | 758,078 |
Trade accounts and notes receivable, net | 2,829,163 | 4,325,120 |
Other accounts receivable, net | 169,313 | 164,827 |
Other current financial assets | 46,301 | 27,252 |
Inventories | 2,691,203 | 2,350,084 |
Prepaid income taxes | 4,516 | 3,854 |
Non-current assets held for sale | 70,161 | |
Other current assets | 546,048 | 241,928 |
Total current assets | 8,800,127 | 10,473,703 |
Deposits in banks | 11 | 11 |
Investments in equity accounted investees | 113,989 | 122,507 |
Other non-current accounts receivable, net | 11,448 | 8,738 |
Other non-current financial assets | 144,214 | 59,836 |
Property, plant and equipment, net | 21,600,130 | 16,201,960 |
Intangible assets, net | 987,642 | 912,821 |
Deferred tax assets | 1,136,166 | 985,352 |
Other non-current assets | 381,983 | 394,759 |
Total non-current assets | 24,375,583 | 18,685,984 |
Total assets | 33,175,710 | 29,159,687 |
Liabilities | ||
Trade accounts and notes payable | 3,087,461 | 2,875,090 |
Current financial liabilities | 1,553,907 | 1,452,926 |
Other accounts payable | 3,566,629 | 3,169,937 |
Accrued expenses | 633,346 | 812,615 |
Income tax payable | 105,900 | 321,978 |
Provisions | 98,254 | 76,016 |
Advances received | 834,010 | 194,129 |
Other current liabilities | 74,976 | 75,991 |
Total current liabilities | 9,954,483 | 8,978,682 |
Non-current financial liabilities | 7,030,628 | 4,150,192 |
Non-current provisions | 32,764 | 28,312 |
Defined benefit liabilities, net | 45,360 | 95,447 |
Long-term advances received | 1,114,316 | 830,335 |
Deferred tax liabilities | 15,087 | 24,646 |
Other non-current liabilities | 96,826 | 70,563 |
Total non-current liabilities | 8,334,981 | 5,199,495 |
Total liabilities | 18,289,464 | 14,178,177 |
Equity | ||
Share capital | 1,789,079 | 1,789,079 |
Share premium | 2,251,113 | 2,251,113 |
Retained earnings | 10,239,965 | 10,621,571 |
Reserves | (300,968) | (288,280) |
Total equity attributable to equity holders of the Controlling Company | 13,979,189 | 14,373,483 |
Non-controlling interests | 907,057 | 608,027 |
Total equity | 14,886,246 | 14,981,510 |
Total liabilities and equity | ₩ 33,175,710 | ₩ 29,159,687 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of comprehensive income [abstract] | |||
Revenue | ₩ 24,336,571 | ₩ 27,790,216 | ₩ 26,504,074 |
Cost of sales | (21,251,305) | (22,424,661) | (22,754,270) |
Gross profit | 3,085,266 | 5,365,555 | 3,749,804 |
Selling expenses | (834,062) | (994,483) | (694,914) |
Administrative expenses | (938,214) | (696,022) | (610,479) |
Research and development expenses | (1,221,198) | (1,213,432) | (1,133,972) |
Other income | 1,004,137 | 1,081,746 | 1,591,801 |
Other expenses | (1,115,233) | (1,230,455) | (1,467,831) |
Finance income | 254,131 | 279,019 | 139,671 |
Finance costs | (326,893) | (268,856) | (266,186) |
Equity in income of equity accounted investees, net | 700 | 9,560 | 8,339 |
Profit (loss) before income tax | (91,366) | 2,332,632 | 1,316,233 |
Income tax expense | (88,077) | (395,580) | (384,725) |
Profit (loss) for the year | (179,443) | 1,937,052 | 931,508 |
Other comprehensive income (loss) Items that will never be reclassified to profit or loss | |||
Remeasurements of net defined benefit liabilities | 5,690 | (16,260) | 155,346 |
Other comprehensive income (loss) from associates and joint ventures | 20 | 441 | 200 |
Income tax | (1,169) | 9,259 | (37,594) |
Items that will never be reclassified to profit or loss | 4,541 | (6,560) | 117,952 |
Other comprehensive income (loss), Items that are or may be reclassified to profit or loss | |||
Net change in fair value of available-for-sale financial assets | (77) | ||
Foreign currency translation differences for foreign operations | (19,987) | (231,738) | (90,503) |
Other comprehensive income (loss) from associates and joint ventures | 37 | 905 | (5,416) |
Related income tax | 19 | ||
Items that are or may be reclassified to profit or loss | (19,950) | (230,833) | (95,977) |
Other comprehensive income (loss) for the year, net of income tax | (15,409) | (237,393) | 21,975 |
Total comprehensive income (loss) for the year | (194,852) | 1,699,659 | 953,483 |
Profit (loss) attributable to: | |||
Owners of the Controlling Company | (207,239) | 1,802,756 | 906,713 |
Non-controlling interests | 27,796 | 134,296 | 24,795 |
Profit (loss) for the year | (179,443) | 1,937,052 | 931,508 |
Total comprehensive income (loss) attributable to: | |||
Owners of the Controlling Company | (215,386) | 1,596,394 | 941,953 |
Non-controlling interests | 20,534 | 103,265 | 11,530 |
Total comprehensive income (loss) for the year | ₩ (194,852) | ₩ 1,699,659 | ₩ 953,483 |
Earnings (loss) per share (In won) | |||
Basic earnings (loss) per share | ₩ (579) | ₩ 5,038 | ₩ 2,534 |
Diluted earnings (loss) per share | ₩ (579) | ₩ 5,038 | ₩ 2,534 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - KRW (₩) ₩ in Millions | Total | Share capital [Member] | Share premium [member] | Retained earnings [member] | Reserves [Member] | Attributable to owners of the Controlling Company [Member] | Non-controlling interests [member] |
Beginning Balance at Dec. 31, 2015 | ₩ 12,704,956 | ₩ 1,789,079 | ₩ 2,251,113 | ₩ 8,158,526 | ₩ (5,766) | ₩ 12,192,952 | ₩ 512,004 |
Total comprehensive income (loss) for the year | |||||||
Profit (loss) for the year | 931,508 | 906,713 | 906,713 | 24,795 | |||
Other comprehensive income (loss) | |||||||
Other comprehensive income (loss) | 21,975 | 117,952 | (82,712) | 35,240 | (13,265) | ||
Total comprehensive income (loss) for the year | 953,483 | 1,024,665 | (82,712) | 941,953 | 11,530 | ||
Dividends to equity holders | (178,908) | (178,908) | (178,908) | ||||
Capital contribution from non-controlling interests | (17,143) | (17,143) | |||||
Ending Balance at Dec. 31, 2016 | 13,462,388 | 1,789,079 | 2,251,113 | 9,004,283 | (88,478) | 12,955,997 | 506,391 |
Total comprehensive income (loss) for the year | |||||||
Profit (loss) for the year | 1,937,052 | 1,802,756 | 1,802,756 | 134,296 | |||
Other comprehensive income (loss) | |||||||
Other comprehensive income (loss) | (237,393) | (6,560) | (199,802) | (206,362) | (31,031) | ||
Total comprehensive income (loss) for the year | 1,699,659 | 1,796,196 | (199,802) | 1,596,394 | 103,265 | ||
Dividends to equity holders | (178,908) | (178,908) | (178,908) | ||||
Subsidiaries' dividends distributed to non-controlling interests | (5,929) | (5,929) | |||||
Capital contribution from non-controlling interests | 4,300 | 4,300 | |||||
Ending Balance at Dec. 31, 2017 | 14,981,510 | 1,789,079 | 2,251,113 | 10,621,571 | (288,280) | 14,373,483 | 608,027 |
Total comprehensive income (loss) for the year | |||||||
Profit (loss) for the year | (179,443) | (207,239) | (207,239) | 27,796 | |||
Other comprehensive income (loss) | |||||||
Other comprehensive income (loss) | (15,409) | 4,541 | (12,688) | (8,147) | (7,262) | ||
Total comprehensive income (loss) for the year | (194,852) | (202,698) | (12,688) | (215,386) | 20,534 | ||
Dividends to equity holders | (178,908) | (178,908) | (178,908) | ||||
Subsidiaries' dividends distributed to non-controlling interests | (53,107) | (53,107) | |||||
Capital contribution from non-controlling interests | 331,603 | 331,603 | |||||
Ending Balance at Dec. 31, 2018 | ₩ 14,886,246 | ₩ 1,789,079 | ₩ 2,251,113 | ₩ 10,239,965 | ₩ (300,968) | ₩ 13,979,189 | ₩ 907,057 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Cash flows from operating activities: | |||
Profit (loss) for the year | ₩ (179,443) | ₩ 1,937,052 | ₩ 931,508 |
Adjustments for: | |||
Income tax expense | 88,077 | 395,580 | 384,725 |
Depreciation | 3,123,659 | 2,791,883 | 2,643,445 |
Amortization of intangible assets | 430,906 | 422,693 | 378,126 |
Gain on foreign currency translation | (84,643) | (187,558) | (250,508) |
Loss on foreign currency translation | 138,452 | 174,919 | 161,897 |
Expenses related to defined benefit plans | 179,880 | 198,241 | 220,962 |
Gain on disposal of property, plant and equipment | (6,620) | (101,227) | (14,637) |
Loss on disposal of property, plant and equipment | 15,048 | 20,030 | 7,466 |
Impairment loss on property, plant and equipment | 43,601 | 1,610 | |
Impairment loss on inventories | 313,180 | 206,127 | 204,123 |
(Reversal of) bad debt expense | (1,155) | 144 | (19) |
Gain on disposal of intangible assets | (239) | (308) | |
Loss on disposal of intangible assets | 30 | 75 | |
Impairment loss on intangible assets | 82 | 1,809 | 138 |
Reversal of impairment loss on intangible assets | (348) | (35) | |
Warranty expenses | 234,928 | 251,131 | 166,691 |
Finance income | (101,313) | (202,591) | (58,748) |
Finance costs | 173,975 | 142,591 | 187,931 |
Equity in income of equity method accounted investees, net | (700) | (9,560) | (8,339) |
Other income | (3,310) | (16,812) | (15,546) |
Other expenses | 593 | 1,870 | 15,777 |
Adjustments for reconcile of profit and loss | 4,364,610 | 6,026,009 | 4,956,677 |
Changes in Trade accounts and notes receivable | 1,306,118 | 484,448 | (553,756) |
Other accounts receivable | (56,870) | (3,004) | 62,981 |
Inventories | (763,081) | (262,106) | (98,435) |
Other current assets | (249,968) | 180,844 | 126,616 |
Other non-current assets | (61,164) | (119,002) | (126,256) |
Trade accounts and notes payable | 267,358 | 113,590 | (114,977) |
Other accounts payable | (111,053) | 106,930 | 66,930 |
Accrued expenses | (194,394) | 181,509 | (16,431) |
Provisions | (217,984) | (210,973) | (160,462) |
Other current liabilities | 78,849 | (585) | 17,272 |
Defined benefit liabilities, net | (224,335) | (261,966) | (276,459) |
Long-term advances received | 948,276 | 1,020,470 | |
Other non-current liabilities | 24,510 | 5,974 | 21,641 |
Cash generated from operating activities | 5,110,872 | 7,262,138 | 3,905,341 |
Income taxes paid | (486,549) | (416,794) | (187,816) |
Interests received | 71,819 | 55,340 | 48,911 |
Interests paid | (212,019) | (136,483) | (125,530) |
Net cash provided by operating activities | 4,484,123 | 6,764,201 | 3,640,906 |
Cash flows from investing activities: | |||
Dividends received | 5,272 | 8,639 | 59,820 |
Proceeds from withdrawal of deposits in banks | 1,454,561 | 2,206,148 | 3,293,398 |
Increase in deposits in banks | (775,239) | (1,803,718) | (2,684,810) |
Acquisition of financial assets at fair value through profit or loss | (431) | (1,500) | |
Proceeds from disposal of financial assets at fair value through other comprehensive income | 6 | ||
Acquisition of available-for-sale financial assets | (273) | (859) | |
Proceeds from disposal of available-for-sale financial assets | 917 | 507 | |
Acquisition of investments in equity accounted investees | (14,732) | (20,309) | |
Proceeds from disposal of investments in equity accounted investees | 4,527 | 13,128 | 29,745 |
Acquisition of property, plant and equipment | (7,942,210) | (6,592,435) | (3,735,948) |
Proceeds from disposal of property, plant and equipment | 142,088 | 160,252 | 278,067 |
Acquisition of intangible assets | (480,607) | (454,448) | (405,167) |
Proceeds from disposal of intangible assets | 960 | 1,674 | 261 |
Government grants received | 1,210 | 1,859 | 6,393 |
Receipt from settlement of derivatives | 2,026 | 2,592 | 4,008 |
Increase in short-term loans | (7,700) | (2,132) | |
Proceeds from collection of short-term loans | 15,968 | 1,118 | 8,202 |
Increase in long-term loans | (36,580) | (13,930) | (32,498) |
Decrease in deposits | 4,136 | 4,272 | 2,436 |
Increase in deposits | (58,794) | (2,648) | (9,105) |
Proceeds from disposal of emission rights | 10,200 | 6,090 | |
Net cash used in investing activities | (7,675,339) | (6,481,072) | (3,189,182) |
Cash flows from financing activities: | |||
Proceeds from short-term borrowings | 552,164 | 107,345 | |
Repayments of short-term borrowings | (552,884) | (105,864) | |
Proceeds from issuance of bonds | 828,169 | 497,959 | 597,573 |
Proceeds from long-term borrowings | 3,882,958 | 1,195,415 | 1,667,060 |
Repayments of long-term borrowings | (347,693) | ||
Repayments of current portion of long-term borrowings and bonds | (1,859,098) | (544,731) | (1,520,287) |
Capital contribution from non-controlling interests | 331,603 | 4,300 | |
Subsidiaries' dividends distributed to non-controlling interests | (51,085) | (5,929) | (17,143) |
Dividends paid | (178,908) | (178,908) | (178,908) |
Net cash provided by financing activities | 2,952,919 | 862,242 | 307,947 |
Net increase (decrease) in cash and cash equivalents | (238,297) | 1,145,371 | 759,671 |
Beginning Balance | 2,602,560 | 1,558,696 | 751,662 |
Effect of exchange rate fluctuations on cash held | 759 | (101,507) | 47,363 |
Ending Balance | ₩ 2,365,022 | ₩ 2,602,560 | ₩ 1,558,696 |
Reporting Entity
Reporting Entity | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Reporting Entity | 1. Reporting Entity (a) Description of the Controlling Company LG Display Co., Ltd. (the “Controlling Company”) was incorporated in February 1985 and the Controlling Company is a public corporation listed in the Korea Exchange since 2004. The main business of the Controlling Company and its subsidiaries (the “Group”) is to manufacture and sell displays and its related products. As of December 31, 2018, the Group is operating Thin Film Transistor Liquid Crystal Display (“TFT-LCD”) TFT-LCD Yeouidae-ro, Yeongdeungpo-gu, The Controlling Company’s common stock is listed on the Korea Exchange under the identifying code 034220. As of December 31, 2018, there are 357,815,700 shares of common stock outstanding. The Controlling Company’s common stock is also listed on the New York Stock Exchange in the form of American Depository Shares (“ADSs”) under the symbol “LPL”. One ADS represents one-half (b) Consolidated Subsidiaries as of December 31, 2018 (In millions) Subsidiaries Location Percentage Fiscal year end Date of Business Capital stocks LG Display America, Inc. San Jose, U.S.A. 100% December 31 September 24, 1999 Sell Display products USD 411 LG Display Germany GmbH Eschborn, Germany 100% December 31 November 5, 1999 Sell Display products EUR 1 LG Display Japan Co., Ltd. Tokyo, Japan 100% December 31 October 12, 1999 Sell Display products JPY 95 LG Display Taiwan Co., Ltd. Taipei, Taiwan 100% December 31 April 12, 1999 Sell Display products NTD 116 LG Display Nanjing Co., Ltd. Nanjing, China 100% December 31 July 15, 2002 Manufacture Display products CNY 3,020 LG Display Shanghai Co., Ltd. Shanghai, China 100% December 31 January 16, 2003 Sell Display products CNY 4 LG Display Poland Sp. z o.o. Wroclaw, Poland 100% December 31 September 6, 2005 Manufacture Display products PLN 511 LG Display Guangzhou Co., Ltd. Guangzhou, China 100% December 31 June 30, 2006 Manufacture Display products CNY 1,655 LG Display Shenzhen Co., Ltd. Shenzhen, China 100% December 31 August 28, 2007 Sell Display products CNY 4 LG Display Singapore Pte. Ltd. Singapore 100% December 31 January 12, 2009 Sell Display products USD 1.1 L&T Display Technology (Fujian) Limited Fujian, China 51% December 31 January 5, 2010 Manufacture and sell LCD module and LCD monitor sets CNY 116 LG Display Yantai Co., Ltd. Yantai, China 100% December 31 April 19, 2010 Manufacture Display products CNY 1,008 Nanumnuri Co., Ltd. Gumi, South Korea 100% December 31 March 21, 2012 Janitorial services KRW 800 LG Display (China) Co., Ltd. Guangzhou, China 70% December 31 December 10, 2012 Manufacture and sell Display products CNY 8,232 Unified Innovative Technology, LLC Wilmington, U.S.A. 100% December 31 March 12, 2014 Manage intellectual property USD 9 LG Display Guangzhou Trading Co., Ltd. Guangzhou, China 100% December 31 April 28, 2015 Sell Display products CNY 1.2 Global OLED Technology, LLC Herndon, U.S.A. 100% December 31 December 18, 2009 Manage OLED intellectual property USD 138 LG Display Vietnam Haiphong Co., Ltd.(*1) Haiphong Vietnam 100% December 31 May 5, 2016 Manufacture Display products USD 300 Suzhou Lehui Display Co., Ltd. Suzhou, China 100% December 31 July 1, 2016 Manufacture and sell LCD module and LCD monitor sets CNY 637 LG DISPLAY FUND I LLC(*2) Wilmington, U.S.A. 100% December 31 May 1, 2018 Invest in venture business and obtain technologies USD 2 LG Display High-Tech (China) Co., Ltd.(*3) Guangzhou, China 69% December 31 July 11, 2018 Manufacture Display products CNY 6,517 Money Market Trust(*4) Seoul, South Korea 100% December 31 — Money market trust KRW 24,501 (*1) For the year ended December 31, 2018, the Controlling Company contributed W (*2) For the year ended December 31, 2018, the Controlling Company established LG DISPLAY FUND I LLC in Wilmington, U.S.A. to invest in venture business and the Controlling Company has a 100% equity interest of this subsidiary. (*3) For the year ended December 31, 2018, the Controlling Company established LG Display High-Tech (China) Co., Ltd. in Guangzhou China to manufacture Display products and the Group has a 69% equity interest of this subsidiary. (*4) For the year ended December 31, 2018, the Controlling Company acquired and disposed interests in Money Market Trust (“MMT”) and the MMT amount as of December 31, 2018 is W W W W |
Basis of Presenting Financial S
Basis of Presenting Financial Statements | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Basis of Presenting Financial Statements | 2. Basis of Presenting Financial Statements (a) Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRSs”) as issued by the International Accounting Standards Board. The consolidated financial statements were authorized for issuance by the Board of Directors on January 29, 2019. (b) Basis of Measurement The consolidated financial statements have been prepared on the historical cost basis except for the following material items in the consolidated statements of financial position: • derivative financial instruments at fair value, financial assets at fair value through profit or loss (“FVTPL”) and financial asset at fair value through other comprehensive income (“FVOCI”), and • net defined benefit liabilities are recognized as the present value of defined benefit obligations less the fair value of plan assets (c) Functional and Presentation Currency The consolidated financial statements are presented in Korean won, which is the Controlling Company’s functional currency. (d) Use of Estimates and Judgments The preparation of the consolidated financial statements in conformity with IFRSs requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. Information about critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the consolidated financial statements is included in the following notes: • Financial instruments (note 3(f)) Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next 12 months is included in the following notes: • Recognition and measurement of provisions (note 3(l) and13) • Measurement of defined benefit obligations (note 12) • Deferred tax assets (note 24) |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Significant Accounting Policies | 3. Summary of Significant Accounting Policies The significant accounting policies followed by the Group in the preparation of its consolidated financial statements are as follows: (a) Changes in Accounting Policies The Group has initially adopted IFRS 9, Financial Instruments, Revenue from Contracts with Customers Foreign Currency Transactions and Advance Consideration The Group has consistently applied the accounting policies to the consolidated financial statements for 2018 and 2017 except for the new amendments effective for annual period beginning January 1, 2018 as mentioned below. (i) IFRS 9, Financial Instruments IFRS 9 set out requirements for recognizing and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial Financial Instruments: Recognition and Measurement Financial Instruments The followings describe the nature and impact on the significant changes in accounting policies from the adoption of IFRS 9. There is no impact on the opening balance of retained earnings at January 1, 2018 resulting from the initial adoption of IFRS 9. Classification and measurement of financial assets and financial liabilities IFRS 9 contains three principal classification categories for financial assets measured at: amortized cost, FVOCI and FVTPL. The classification of financial assets under IFRS 9 is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. IFRS 9 eliminates the previous IAS 39 categories of held to maturity, loans and receivables and available for sale. IFRS 9 largely retains the existing requirements in IAS 39 for the classification and measurement of financial liabilities. The adoption IFRS 9 has not had a significant effect on the Group’s accounting policies related to financial liabilities and derivative financial instruments. The following table below explains the original measurement categories under IAS 39 and the changes in measurement categories under IFRS 9 for each class of the Group’s financial assets as at January 1, 2018. ( In millions of won ) Classification under IAS 39 Classification IFRS 9 Carrying amount IAS 39 Carrying amount IFRS 9 Difference Financial assets Cash and cash equivalents Loans and receivables Amortized cost W 2,602,560 2,602,560 — Deposits Loans and receivables Amortized cost 758,089 758,089 — Trade receivables Loans and receivables Amortized cost 4,325,120 4,325,120 — Other receivables Loans and receivables Amortized cost 173,565 173,565 — Debt instrument Available-for-sale FVOCI-debt 162 162 — Equity instrument Available-for-sale Mandatorily at FVTPL 4,980 4,980 — Convertible bonds Designated as at Mandatorily at 1,552 1,552 — Derivatives Designated as at Mandatorily at 842 842 — Others Loans and receivables Amortized cost 79,552 79,552 — Total financial assets W 7,946,422 7,946,422 — As of January 1, 2018, there was no financial liabilities measured at FVTPL. Impairment of financial assets IFRS 9 replaces the ‘incurred loss’ model in IAS 39 with an ‘expected credit loss’ (ECL) model. The new impairment model applies to financial assets measured at amortized cost, contract assets and debt investments at FVOCI, but not to investments in equity instruments. Under IFRS 9, credit losses are recognized earlier than under IAS 39. As a result of applying the new impairment model under IFRS 9, as of January 1, 2018, there is no additional allowance for impairments recognized as compared with the impairment model under IAS 39. Hedge Accounting When initially applying IFRS 9, the Group has elected as its accounting policy to continue to apply hedge accounting requirements under IAS 39 and as a result, there is no impact of applying IFRS 9 on the consolidated financial statements as at January 1, 2018. (ii) IFRS 15, Revenue from Contracts with Customers IFRS 15, Revenue from contracts with customers Revenue Construction Contracts SIC-31, Revenue: Barter Transactions Involving Advertising Services Customer Loyalty Programmes Agreements for the Construction of Real Estate Transfers of Assets from Customers The Group has initially adopted IFRS 15, Revenue from contracts with customers W The effect of the application of IFRS 15 on the Group’s consolidated statement of financial position as of December 31, 2018 is as follows. There is no significant impact on the consolidated statement of comprehensive income and the cash flows for the year ended December 31, 2018. (In millions of won) Categories As reported Adjustments Amounts without Current Assets Other current assets W 546,048 (7,489 ) 538,559 Current Liabilities Provisions W 98,254 (7,489 ) 90,765 (iii) IFRIC 22, Foreign Currency Transactions and Advance Consideration According to the new interpretation, IFRIC 22, Foreign Currency Transactions and Advance Consideration non-monetary non-monetary (b) Consolidation (i) Business combinations The Group accounts for business combinations using the acquisition method when control is transferred to the Group. The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. Any goodwill that arises is tested annually for impairment. Any gain on a bargain purchase is recognized in profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities in accordance with IAS 32 and IFRS 9. The consideration transferred does not include amounts related to the settlement of pre-existing (ii) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed, or has right to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. (iii) Non-controlling interests Non-controlling Changes in the Group’s interest in subsidiaries that do not result in a loss of control are accounted for as equity transactions. (iv) Loss of control If the Controlling Company loses control of subsidiaries, the Controlling Company derecognizes the assets and liabilities of the former subsidiaries from the consolidated statement of financial position and recognizes the gain or loss associated with the loss of control attributable to the former controlling interest. Meanwhile, the Controlling Company recognizes any investment retained in the former subsidiaries at its fair value when control is lost. (v) Associates and joint ventures (equity method investees) Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities. Investments in associates and joint ventures are initially recognized at cost and subsequently accounted for using the equity method of accounting. The carrying amount of investments in associates and joint ventures is increased or decreased to recognize the Group’s share of the profits or losses and changes in the Group’s proportionate interest of the investee after the date of acquisition. Distributions received from an investee reduce the carrying amount of the investment. If an associate or joint ventures uses accounting policies different from those of the Controlling Company for like transactions and events in similar circumstances, appropriate adjustments are made to the consolidated financial statements. As of and during the periods presented in the consolidated financial statements, no adjustments were made in applying the equity method. When the Group’s share of losses exceeds its interest in an equity accounted investee, the carrying amount of that interest, including any long-term investments, is reduced to nil, and the recognition of further losses is discontinued except to the extent that the Group has an obligation or has made payments on behalf of the investee. (vi) Transactions eliminated on consolidation Intra-group balances and transactions, including income and expenses and any unrealized income and expenses and balance of trade accounts and notes receivable and payable arising from intra-group transactions, are eliminated. Unrealized gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. (c) Foreign Currency Transaction and Translation Transactions in foreign currencies are translated to the respective functional currencies of the Group at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency at the exchange rate on the reporting date. Non-monetary Non-monetary non-operating If the presentation currency of the Group is different from a foreign operation’s functional currency, the financial position and financial performance of the foreign operation are translated into the presentation currency using the following methods. The assets and liabilities of foreign operations, whose functional currency is not the currency of a hyperinflationary economy, including goodwill and fair value adjustments arising on acquisition, are translated to the Group’s functional currency at exchange rates at the reporting date. The income and expenses of foreign operations are translated to the Group’s functional currency at exchange rates at the dates of the transactions. Foreign currency differences are recognized in other comprehensive income. However, if the operation is a non-wholly-owned non-controlling Any goodwill arising on the acquisition of a foreign operation and any fair value adjustments to the carrying amounts of assets and liabilities arising on the acquisition of that foreign operation is treated as assets and liabilities of the foreign operation. Thus, they are expressed in the functional currency of the foreign operation and translated at the at each reporting date’s exchange rate. (d) Cash and Cash Equivalents Cash and cash equivalents include all cash balances and short-term highly liquid investments with an original maturity of three months or less that are readily convertible into known amounts of cash. (e) Inventories Inventories are measured at the lower of cost and net realizable value. The cost of inventories is based on the weighted-average method, and includes expenditures incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated selling expenses. In the case of manufactured inventories and work-in-process, cost includes an appropriate share of production overheads based on the actual capacity of production facilities. However, the normal capacity is used for the allocation of fixed production overheads if the actual level of production is lower than the normal capacity. (f) Financial Instruments (i) Non-derivative Recognition and initial measurement Trade receivables and debt securities issued are initially recognized when they are originated. All other financial assets or liabilities are recognized in statement of financial position when, and only when, the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. Classification and subsequent measurement i) Financial assets: Policy applicable from January 1, 2018 On initial recognition, a financial asset is classified as measured at: amortized cost; FVOCI – debt investment; FVOCI – equity investments; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated at FVTPL: • it is held within a business model whose objective is to hold assets to collect contractual cash flows; and • its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: • it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and • the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investments that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. At initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. ii) Financial assets: business model: Policy applicable from January 1, 2018 The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. The information considered includes: • the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realizing cash flows through the sale of the assets; • how the performance of the portfolio is evaluated and reported to the Group’s management; • the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed; • how managers of the business are compensated – e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected; and • the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations about future sales activity. Transfers of financial asset to third parties in transaction that do not qualify for derecognition are not considered sale for this purpose. A financial assets that are held for trading or are managed and whose performance is evaluated on a fair value basis are measured at FVTPL. iii) Financial assets: Assessment whether contractual cash flows are solely payments of principal and interest: Policy applicable from January 1, 2018 For the purpose of this assessment, “principal” is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and cost (e.g. liquidity risk and administrative costs), as well as profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers. • contingent events that would change the amount or timing of cash flows: • terms that may adjust the contractual coupon rate, including variable-rate features; • prepayment and extension features; and • terms that limit the Group’s claim to cash flows from specified assets (e.g. non-recourse A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest or the principal amount outstanding, which may include reasonable additional compensation for early termination of the contract. Additionally, for a financial asset acquired at a discount or premium to its contractual par amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable additional compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition. iv) Financial assets: Subsequent measurement and gains and losses: Policy applicable from January 1, 2018 Financial assets at FVTPL These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognized in profit or loss. Financial assets at amortized cost These assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. Debt investments at FVOCI These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. v) Financial assets: Policy applicable before January 1, 2018 The Group has classified financial assets into one of the following categories • loans and receivables • available-for-sale • at FVTPL vi) Financial assets: subsequent measurement, gains and losses: Policy applicable before January 1, 2018 Financial assets at FVTPL Measured at fair value and changes therein, including any interest or dividend income, were recognized in profit or loss. Loans and receivables Measured at amortized cost using the effective interest method. Available-for-sale Measured at fair value and changes therein, other than impairment losses, interest income and foreign currency differences on debt instruments, were recognized in OCI and accumulated in the fair value reserves. When these assets were derecognized, the gain or loss accumulated in equity was classified to profit or loss. Derecognition The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, it transfers the rights to receive the contractual cash flows of the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred, or it transfers or does not retain substantially all the risks and rewards of ownership of a transferred asset, and does not retain control of the transferred asset. If the Group has retained substantially all the risks and rewards of ownership of the transferred asset, the Group continue to recognize the transferred asset. Offset Financial assets and liabilities are offset and the net amount presented in the consolidated statement of financial position when, and only when, the Group has a legal right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. (ii) Non-derivative The Group classifies financial liabilities into two categories, financial liabilities at FVTPL and other financial liabilities, in accordance with the substance of the contractual arrangement and the definitions of financial liabilities, and recognizes them in the consolidated statement of financial position when the Group becomes a party to the contractual provisions of the instrument. Financial liabilities at FVTPL include financial liabilities held for trading or designated as such upon initial recognition at FVTPL. After initial recognition, financial liabilities at FVTPL are measured at fair value, and changes therein are recognized in profit or loss. Upon initial recognition, transaction costs that are directly attributable to the issuance of financial liabilities are recognized in profit or loss as incurred. Non-derivative non-derivative The Group derecognizes a financial liability when its contractual obligations are discharged, cancelled or expired. (iii) Share capital The Group only issued common stocks and they are classified as equity. Incremental costs directly attributable to the issuance of common stocks are recognized as a deduction from equity, net of tax effects. Capital contributed in excess of par value upon issuance of common stocks is classified as share premium within equity. (iv) Derivative financial instruments Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. Hedge accounting If necessary, the Group designates derivatives as hedging items to hedge the risk of changes in the fair value of assets, liabilities or firm commitments (a fair value hedge) and foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group’s management formally designates and documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction, together with the methods that will be used to assess the effectiveness of the hedging relationship, both at the inception of the hedge relationship as well as on an ongoing basis. i) Fair value hedges Change in the fair value of a derivative hedging instrument designated as a fair value hedge and the hedged item is recognized in profit or loss, respectively. The gain or loss from remeasuring the hedging instrument at fair value and the gain or loss on the hedged item attributable to the hedged risk are recognized in profit or loss in the same line item of the statement of comprehensive income. The Group discontinues fair value hedge accounting if it does not designate the derivative hedging instrument and the hedged item as the hedge relationship between them anymore or if the hedging instrument expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria for hedge accounting. Any adjustment arising from gain or loss on the hedged item attributable to the hedged risk is amortized to profit or loss from the date the hedge accounting is discontinued. ii) Cash flow hedges When a derivative designated as a cash flow hedging instrument meets the criteria of cash flow hedge accounting, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and the ineffective portion of changes in the fair value of the derivative is recognized in profit or loss. The Group discontinues cash flow hedge accounting if it does not designate the derivative hedging instrument and the hedged item as the hedge relationship between them anymore or if the hedging instruments expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria for hedge accounting. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. Embedded derivative Embedded derivatives are separated from the host contract and accounted for separately if the host contract is not a financial asset and certain criteria are met. Other derivative financial instruments Derivative financial instruments are measured at fair value and changes of them not designated as a hedging instrument or not effective for hedging are recognized in profit or loss. (g) Property, Plant and Equipment (i) Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes an expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labor, any costs directly attributable to bringing the assets to a working condition for their intended use, the costs of dismantling and removing the items and restoring the site on which they are located and borrowing costs on qualifying assets. The gain or loss arising from the derecognition of an item of property, plant and equipment is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item and recognized in other non-operating non-operating (ii) Subsequent costs Subsequent expenditure on an item of property, plant and equipment is recognized as part of its cost only if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The costs of the day-to-day (iii) Depreciation Depreciation is recognized in profit or loss on a straight-line basis, reflecting the pattern in which the asset’s future economic benefits are expected to be consumed by the Group. The residual value of property, plant and equipment is zero. Land is not depreciated. Estimated useful lives of the assets are as follows: Useful lives (years) Buildings and structures 20, 40 Machinery 4, 5 Furniture and fixtures 4 Equipment, tools and vehicles 2, 4, 12 Depreciation methods, useful lives and residual values are reviewed at each financial year-end During the year ended December 31, 2018, the Group changed estimated useful lives of the mask and mold which had previously been classified as inventories. Based on the review of the accumulated historical usage information that became available, it is expected that the mask and mold will be used for the period exceeding one year. Accordingly, the Group changed useful lives of Mask and Mold to two years accounted for the change in accounting estimate and reclassified the mask and mold to property, plant and equipment from inventories. As a result of such change, the Group reclassified inventories amounting to W (In millions of won) Description 2018 2019 2020 Increase (decrease) in depreciation expense W (110,373 ) 58,364 52,009 (h) Borrowing Costs The Group capitalizes borrowing costs, which includes interests and exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs, directly attributable to the acquisition, construction or production of a qualifying asset as part of the cost of that asset. A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale. To the extent that the Group borrows funds specifically for the purpose of obtaining a qualifying asset, the Group determines the amount of borrowing costs eligible for capitalization as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings. The Group immediately recognizes other borrowing costs as an expense. (i) Government Grants In case there is reasonable assurance that the Group will comply with the conditions attached to a government grant, the government grant is recognized as follows: (i) Grants related to the purchase or construction of assets A government grant related to the purchase or construction of assets is deducted in calculating the carrying amount of the asset. The grant is recognized in profit or loss over the life of a depreciable asset as a reduced depreciation expense and cash related to grant received is presented in investing activities in the statement of cash flows. (ii) Grants for compensating the Group’s expenses incurred A government grant that compensates the Group for expenses incurred is recognized in profit or loss as a deduction from relevant expenses on a systematic basis in the periods in which the expenses are recognized. (iii) Other government grants A government grant that becomes receivable for the purpose of giving immediate financial support to the Group with no compensation for expenses or losses already incurred or no future related costs is recognized as income of the period in which it becomes receivable. (j) Intangible Assets Intangible assets are initially measured at cost. Subsequently, intangible assets are measured at cost less accumulated amortization and accumulated impairment losses. (i) Goodwill Goodwill arising from business combinations is recognized as the excess of the acquisition cost of investments in subsidiaries, associates and joint ventures over the Group’s share of the net fair value of the identifiable assets acquired and liabilities assumed. Any deficit is a bargain purchase that is recognized in profit or loss. Goodwill is measured at cost less accumulated impairment losses. (ii) Research and development Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognized in profit or loss as incurred. Development activities involve a plan or design of the production of new or substantially improved products and processes. Development expenditure is capitalized only if the Group can demonstrate all of the following: • the technical feasibility of completing the intangible asset so that it will be available for use or sale, • its intention to complete the intangible asset and use or sell it, • its ability to use or sell the intangible asset, • how the intangible asset will generate probable future economic benefits. Among other things, the Group can demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset, • the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset, and • its ability to measure reliably the expenditure attributable to the intangible asset during its development. The expenditure capitalized includes the cost of materials, direct labor, overhead costs that are directly attributable to preparing the asset for its intended use, and borrowing costs on qualifying assets. (iii) Other intangible assets Other intangible assets include intellectual property rights, software, customer relationships, technology, memberships and others. (iv) Subsequent costs Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific intangible asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognized in profit or loss as incurred. (v) Amortization Amortization is calculated on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The residual value of intangible assets is zero. However, as there are no foreseeable limits to the periods over which condominium and |
Cash and Cash Equivalents and D
Cash and Cash Equivalents and Deposits in Banks | 12 Months Ended |
Dec. 31, 2018 | |
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Cash and Cash Equivalents and Deposits in Banks | 4. Cash and Cash Equivalents and Deposits in Banks Cash and cash equivalents and deposits in banks as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current assets Cash and cash equivalents Demand deposits W 2,602,560 2,365,022 Deposits in banks Time deposits W 685,238 4,318 Restricted cash(*) 72,840 74,082 W 758,078 78,400 Non-current Deposits in banks Restricted cash(*) W 11 11 W 3,360,649 2,443,433 (*) Restricted cash includes mutual growth fund to aid LG Group’s second and third-tier suppliers, pledge to enforce investment plans according to the receipt of subsidies from Gumi city and Gyeongsangbuk- do and others. |
Receivables and Other Assets
Receivables and Other Assets | 12 Months Ended |
Dec. 31, 2018 | |
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Receivables and Other Assets | 5. Receivables and Other Assets (a) Trade accounts and notes receivable as of December 31, 2017 and December 31, 2018 are as follows: ( In millions of won December 31, 2017 December 31, 2018 Trade, net W 3,275,902 2,305,368 Due from related parties 1,049,218 523,795 W 4,325,120 2,829,163 (b) Other accounts receivable as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current assets Non-trade W 150,554 159,238 Accrued income 14,273 10,075 W 164,827 169,313 Non-current assets Long-term non-trade 8,738 11,448 W 173,565 180,761 Due from related parties included in other accounts receivable, as of December 31, 2017 and 2018 are W W (c) The aging of trade accounts and notes receivable, and other accounts receivable as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 Book value Impairment loss Trade accounts and notes receivable Other accounts receivable Trade accounts and notes receivable Other accounts receivable Not past due W 4,323,465 173,493 (1,631 ) (905 ) Past due 1-15 2,652 488 (1 ) (3 ) Past due 16-30 days 631 65 — (1 ) Past due 31-60 — 208 — (2 ) Past due more than 60 days 4 622 — (400 ) W 4,326,752 174,876 (1,632 ) (1,311 ) (In millions of won) December 31, 2018 Book value Impairment loss Trade accounts and notes receivable Other accounts receivable Trade accounts and notes receivable Other accounts receivable Not past due W 2,807,598 177,689 (473 ) (816 ) Past due 1-15 21,558 3,148 (4 ) (26 ) Past due 16-30 days 454 441 — (4 ) Past due 31-60 30 96 — (1 ) Past due more than 60 days — 668 — (434 ) W 2,829,640 182,042 (477 ) (1,281 ) The movement in the allowance for impairment in respect of trade accounts and notes receivable and other accounts receivable for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) Trade accounts and notes receivable 2016 2017 2018 Balance at the beginning of the year W 1,507 1,488 1,632 (Reversal of) bad debt expense (19 ) 144 (1,155 ) Balance at the end of the year W 1,488 1,632 477 (In millions of won) Other accounts receivable 2016 2017 2018 Balance at the beginning of the year W 618 1,116 1,311 (Reversal of) bad debt expense 498 195 (30 ) Balance at the end of the year W 1,116 1,311 1,281 (d) Other assets as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current assets Advance payments W 7,973 13,259 Prepaid expenses 83,626 89,110 Value added tax refundable 148,351 436,190 Emission rights 1,978 — Right to recover returned goods(*) — 7,489 W 241,928 546,048 Non-current Long-term prepaid expenses W 394,759 381,983 (*) As a result from the initial application of IFRS 15, the Group recognized an asset for right to recover goods returned by the customer. |
Other Financial Assets
Other Financial Assets | 12 Months Ended |
Dec. 31, 2018 | |
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Other Financial Assets | 6. Other Financial Assets (a) Other financial assets as of December 31, 2017 are as follows: (In millions of won) December 31, 2017 Current assets Available-for-sale Debt instrument Government bonds W 6 Deposits 10,480 Short-term loans 16,766 W 27,252 Non-current Financial asset at fair value through profit or loss W 1,552 Available-for-sale Government bonds W 156 Equity instrument Intellectual Discovery, Ltd. W 729 Kyulux, Inc. 1,968 ARCH Venture Fund Vill, LP. 2,283 W 4,980 Deposits W 19,898 Long-term loans 32,408 Derivatives(*) 842 W 59,836 (*) Represents interest rate swap contracts related to borrowings with variable interest rate. (b) Other financial assets as of December 31, 2018 are as follows: (In millions of won) December 31, 2018 Current assets Financial asset at fair value through profit or loss Derivatives(*) W 13,059 Financial asset at fair value through other comprehensive income Debt instrument Government bonds W 106 Financial asset carried at amortized cost Deposits W 17,020 Short-term loans 16,116 W 46,301 Non-current Financial asset at fair value through profit or loss Equity instrument Intellectual Discovery, Ltd. W 4,598 Kyulux, Inc. 2,460 Fineeva Co., Ltd. 286 ARCH Venture Fund Vill, L.P. 6,337 W 13,681 Convertible bonds W 1,327 Financial asset at fair value through other comprehensive income Debt instrument Government bonds W 55 Financial asset carried at amortized cost Deposits W 74,103 Long-term loans 55,048 W 144,214 (*) Represents exchange rate swap contracts related to foreign currency denominated borrowings and bonds. Other financial assets of related parties as of December 31, 2017 and 2018 are W W |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2018 | |
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Inventories | 7. Inventories Inventories at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Finished goods W 965,643 1,084,297 Work-in-process 748,592 856,388 Raw materials 344,997 554,720 Supplies 290,852 195,798 W 2,350,084 2,691,203 For the years ended December 31, 2016, 2017 and 2018, the amount of inventories recognized as cost of sales and inventory write-downs included in cost of sales are as follows: (In millions of won) 2016 2017 2018 Inventories recognized as cost of sales W 22,754,270 22,424,661 21,251,305 Including: inventory write-downs 204,123 206,127 313,180 There were no significant reversals of inventory write-downs recognized during 2016, 2017 and 2018. |
Investments in Equity Accounted
Investments in Equity Accounted Investees | 12 Months Ended |
Dec. 31, 2018 | |
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Investments in Equity Accounted Investees | 8. Investments in Equity Accounted Investees (a) Associates at the reporting date are as follows: (In millions of won) Associates Location Fiscal year end Date of Business 2017 2018 Percentage Carrying amount Percentage Carrying amount Paju Electric Glass Co., Ltd. Paju, South Korea December 31 January 2005 Manufacture electric glass for FPDs 40% W 40% W INVENIA Co., Ltd. Seongnam, South Korea December 31 January 2001 Develop and manufacture equipment for FPDs 13 2,887 13 4,166 WooRee E&L Co., Ltd.(*1) Ansan, South Korea December 31 June 2008 Manufacture LED back light unit packages 14 7,270 14 4,746 LB Gemini New Growth Fund No. 16(*2) Seoul, South Korea December 31 December 2009 Invest in small and middle sized companies and benefit from M&A opportunities 31 5,910 — — YAS Co., Ltd. Paju, South Korea December 31 April 2002 Develop and manufacture deposition equipment for OLEDs 15 15,888 15 16,308 AVATEC Co., Ltd. Daegu, South Korea December 31 August 2000 Process and sell electric glass for FPDs 17 23,732 17 23,441 Arctic Sentinel, Inc. Los Angeles, U.S.A. March 31 June 2008 Develop and manufacture tablet for kids 10 — 10 — (In millions of won) Associates Location Fiscal year end Date of Business 2017 2018 Percentage of ownership Carrying amount Percentage of Carrying amount CYNORA GmbH(*3) Bruchsal, Germany December 31 March 2003 Develop organic emitting materials for displays and lighting devices 14% W 14% W Material Science Co., Ltd.(*4) Seoul, South Korea December 31 January 2014 Develop, manufacture, and sell materials for display — — 10 3,346 Nanosys Inc.(*5) Milpitas, U.S.A. December 31 July 2001 Develop, manufacture, and sell materials for display — — 4 5,491 W W Although the Controlling Company’s share interests in INVENIA Co., Ltd., WooRee E&L Co., Ltd., YAS Co., Ltd., AVATEC Co., Ltd., Arctic Sentinel, Inc., Cynora GmbH, Material Science Co., Ltd. and Nanosys Inc. are below 20% as of December 31, 2018, the Controlling Company is able to exercise significant influence through its right to appoint a director to the board of directors of each investee. Accordingly, the investments in these investees have been accounted for using the equity method. (*1) The Controlling Company recognized a reversal of impairment loss of W (*2) In 2018, the LB Gemini New Growth Fund No.16 (“the Fund”) which the Controlling Company was a member of a limited partnership, was approved to be dissolve at the general meeting and completed liquidation. In 2018, the Controlling Company received W W (*3) In 2018, the Controlling Company determined investments in CYNORA GmbH irrecoverable and accordingly recognized an impairment loss of W (*4) In March 2018, the Controlling Company invested W W (*5) In May 2018, the Controlling Company invested W W . As of December 31, 2018, the market value for the Controlling Company’s investments in INVENIA Co., Ltd., WooRee E&L Co., Ltd., YAS Co., Ltd., and AVATEC Co., Ltd., all of which are listed in KOSDAQ, are W W W W Dividends received from equity method investees for the years ended December 31, 2016, 2017 and 2018 amounted to W W W (b) Summary of financial information of the significant associate as of December 31, 2017 and 2018 and for the years ended December 31, 2016, 2017 and 2018 are as follows: (i) Paju Electric Glass Co., Ltd. ( In millions of won ) December 31, 2017 December 31, 2018 Total assets W 193,584 194,021 Current assets 146,702 128,788 Non-current 46,882 65,233 Total liabilities 77,174 72,686 Current liabilities 71,973 66,797 Non-current 5,201 5,889 (In millions of won) 2016 2017 2018 Revenue W 549,559 408,846 384,144 Profit for the year 21,082 12,327 12,744 Other comprehensive income (loss) 16,477 (9,366 ) 2,612 Total comprehensive income 37,559 2,961 15,356 (c) Reconciliation from financial information of the significant associate to its carrying value in the consolidated financial statements as of December 31, 2017 and 2018 is as follows: (i) As of December 31, 2017 (In millions of won) Company Net asset Ownership Net asset Goodwill Intra-group Book Paju Electric Glass Co., Ltd. W 116,410 40 % 46,564 — (53 ) 46,511 (ii) As of December 31, 2018 (In millions of won) Company Net asset Ownership Net asset Goodwill Intra-group Book Paju Electric Glass Co., Ltd. W 121,335 40 % 48,534 — (711 ) 47,823 (d) Book value of other associates, in aggregate, as of December 31, 2017 and 2018 is as follows: (i) As of December 31, 2017 (In millions of won) Book value Net profit of associates (applying ownership Profit for Other Total Other associates W 75,996 3,943 5,093 9,036 (ii) As of December 31, 2018 (In millions of won) Book value Net profit (loss) of associates (applying ownership Profit (loss) Other Total Other associates W 66,166 (3,739 ) (988 ) (4,727 ) (e) Changes in investments in associates accounted for using the equity method for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) 2017 Company January 1 Acquisition/ Disposal Dividends Equity income Other Other December 31 Associates Paju Electric Glass Co., Ltd. W 52,750 — (8,109 ) 5,617 (3,747 ) — 46,511 Others 119,933 (48,209 ) (530 ) 3,943 5,093 (4,234 ) 75,996 W 172,683 (48,209 ) (8,639 ) 9,560 1,346 (4,234 ) 122,507 (In millions of won) 2018 Company January 1 Acquisition/ Disposal Dividends Equity income Other Other 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 |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
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Property, Plant and Equipment | 9. Property, Plant and Equipment (a) Changes in property, plant and equipment for the year ended December 31, 2017 are as follows: (In millions of won) Land Buildings Machinery and equipment Furniture and fixtures Construction- in-progress (*1) Others Total Acquisition cost as of January 1, 2017 W 461,484 6,284,778 37,472,177 775,682 2,981,964 202,306 48,178,391 Accumulated depreciation as of January 1, 2017 — (2,397,967 ) (32,947,359 ) (651,424 ) — (146,251 ) (36,143,001 ) Accumulated impairment loss as of January 1, 2017 — (1,651 ) (2,290 ) — — — (3,941 ) Book value as of January 1, 2017 W 461,484 3,885,160 4,522,528 124,258 2,981,964 56,055 12,031,449 Additions — — — — 7,272,476 — 7,272,476 Depreciation — (295,045 ) (2,416,202 ) (66,963 ) — (13,673 ) (2,791,883 ) Disposals (1,042 ) (7,206 ) (75,275 ) (52 ) — (3,133 ) (86,708 ) Others(*2) 69 339,640 3,825,155 87,186 (4,270,210 ) 18,160 — Effect of movements in exchange rates — (63,222 ) (140,306 ) (3,087 ) (14,213 ) (687 ) (221,515 ) Government grants received — (548 ) (3,150 ) — 1,839 — (1,859 ) Book value as of December 31, 2017 W 460,511 3,858,779 5,712,750 141,342 5,971,856 56,722 16,201,960 Acquisition cost as of December 31, 2017 W 460,511 6,539,506 38,901,158 772,824 5,971,856 205,475 52,851,330 Accumulated depreciation as of December 31, 2017 W — (2,678,970 ) (33,186,118 ) (631,482 ) — (148,753 ) (36,645,323 ) Accumulated impairment loss as of December 31, 2017 W — (1,757 ) (2,290 ) — — — (4,047 ) (*1) As of December 31, 2017, construction-in-progress mainly relates to construction of manufacturing facilities. (*2) Others are mainly amounts transferred from construction-in-progress. (b) Changes in property, plant and equipment for the year ended December 31, 2018 are as follows: (In millions of won) Land Buildings Machinery and equipment Furniture and fixtures Construction- in-progress (*1) Others Total Acquisition cost as of January 1, 2018 W 460,511 6,539,506 38,901,158 772,824 5,971,856 205,475 52,851,330 Accumulated depreciation as of January 1, 2018 — (2,678,970 ) (33,186,118 ) (631,482 ) — (148,753 ) (36,645,323 ) Accumulated impairment loss as of January 1, 2018 — (1,757 ) (2,290 ) — — — (4,047 ) Book value as of January 1, 2018 W 460,511 3,858,779 5,712,750 141,342 5,971,856 56,722 16,201,960 Additions — — — — 8,605,551 — 8,605,551 Depreciation — (318,311 ) (2,568,335 ) (67,274 ) — (169,739 ) (3,123,659 ) Disposals (15 ) (161 ) (112,752 ) (311 ) — (2,971 ) (116,210 ) Impairment loss — — (25,711 ) — (17,890 ) — (43,601 ) Others(*2) 1,332 55,430 1,959,645 68,177 (2,357,412 ) 380,278 107,450 Effect of movements in exchange rates — 9,809 14,520 359 15,010 312 40,010 Government grants received — — (1,029 ) — (181 ) — (1,210 ) Reclassification to assets held-for-sale — (69,758 ) (1 ) (37 ) — (365 ) (70,161 ) Book value as of December 31, 2018 W 461,828 3,535,788 4,979,087 142,256 12,216,934 264,237 21,600,130 Acquisition cost as of December 31, 2018 W 461,828 6,528,939 39,825,070 834,628 12,234,824 633,220 60,518,509 Accumulated depreciation as of December 31, 2018 W — (2,991,445 ) (34,817,982 ) (692,372 ) — (368,893 ) (38,870,782 ) Accumulated impairment loss as of December 31, 2018 W — (1,706 ) (28,001 ) — (17,890 ) — (47,597 ) (*1) As of December 31, 2018, construction-in-progress mainly relates to construction of manufacturing facilities. (*2) Others are mainly amounts transferred from construction-in-progress. (c) Capitalized borrowing costs and capitalization rate for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Capitalized borrowing costs W 16,909 47,686 146,607 Capitalization rate 2.91 % 1.92 % 2.80 % |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2018 | |
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Intangible Assets | 10. Intangible Assets (a) Changes in intangible assets for the year ended December 31, 2017 are as follows: (In millions of won) Intellectual property Software Member- Development Construction- in-progress Customer relationships Technology Good-will(*2) Others (*3) Total Acquisition cost as of January 1, 2017 W 904,664 806,835 51,564 1,433,791 18,738 59,176 11,074 110,072 13,077 3,408,991 Accumulated amortization as of January 1, 2017 (618,398 ) (661,063 ) — (1,177,451 ) — (26,678 ) (7,382 ) — (13,071 ) (2,504,043 ) Accumulated impairment loss as of January 1, 2017 — — (10,011 ) — — — — — — (10,011 ) Book value as of January 1, 2017 W 286,266 145,772 41,553 256,340 18,738 32,498 3,692 110,072 6 894,937 Additions - internally developed — — — 336,207 — — — — — 336,207 Additions - external purchases 22,746 — 4,819 — 108,761 — — — — 136,326 Amortization(*1) (42,195 ) (78,939 ) — (295,787 ) — (4,659 ) (1,108 ) — (5 ) (422,693 ) Disposals (4 ) — (1,392 ) — — — — — — (1,396 ) Impairment loss — — (1,809 ) — — — — — — (1,809 ) Reversal of impairment loss — — 35 — — — — — — 35 Transfer from construction-in-progress — 98,989 — — (98,989 ) — — (3,218 ) — (3,218 ) Effect of movements in exchange rates (19,847 ) (4,332 ) (6 ) — 2,423 — — (3,806 ) — (25,568 ) Book value as of December 31, 2017 W 246,966 161,490 43,200 296,760 30,933 27,839 2,584 103,048 1 912,821 Acquisition cost as of December 31, 2017 W 895,721 898,278 54,985 1,769,998 30,933 59,176 11,074 103,048 13,077 3,836,290 Accumulated amortization as of December 31, 2017 W (648,755 ) (736,788 ) — (1,473,238 ) — (31,337 ) (8,490 ) — (13,076 ) (2,911,684 ) Accumulated impairment loss as of December 31, 2017 W — — (11,785 ) — — — — — — (11,785 ) (*1) The Group has classified the amortization as manufacturing overhead costs, selling expenses, administrative expenses and research and development expenses. (*2) As of December 31, 2017, the book value of goodwill decreased by W (*3) Others mainly consist of rights to use electricity and gas supply facilities. (b) Changes in intangible assets for the year ended December 31, 2018 are as follows: (In millions of won) Intellectual property Software Member- Development Construction- in-progress Customer relationships Technology Good- will Others (*2) Total Acquisition cost as of January 1, 2018 W 895,721 898,278 54,985 1,769,998 30,933 59,176 11,074 103,048 13,077 3,836,290 Accumulated amortization as of January 1, 2018 (648,755 ) (736,788 ) — (1,473,238 ) — (31,337 ) (8,490 ) — (13,076 ) (2,911,684 ) Accumulated impairment loss as of January 1, 2018 — — (11,785 ) — — — — — — (11,785 ) Book value as of January 1, 2018 W 246,966 161,490 43,200 296,760 30,933 27,839 2,584 103,048 1 912,821 Additions - internally developed — — — 372,835 — — — — — 372,835 Additions - external purchases 24,596 — 2,844 — 100,820 — — — — 128,260 Amortization(*1) (43,437 ) (80,159 ) — (302,685 ) — (3,517 ) (1,107 ) — (1 ) (430,906 ) Disposals — — (721 ) — — — — — — (721 ) Impairment loss — — (82 ) — — — — — — (82 ) Reversal of impairment loss — — 348 — — — — — — 348 Transfer from construction-in-progress — 95,028 449 — (95,028 ) — — — — 449 Effect of movements in exchange rates 1,896 1,240 1 — 238 — — 1,263 — 4,638 Book value as of December 31, 2018 W 230,021 177,599 46,039 366,910 36,963 24,322 1,477 104,311 — 987,642 Acquisition cost as of December 31, 2018 W 926,969 992,139 57,560 2,142,832 36,963 59,176 11,075 104,311 13,077 4,344,102 Accumulated amortization as of December 31, 2018 W (696,948 ) (814,540 ) — (1,775,922 ) — (34,854 ) (9,598 ) — (13,077 ) (3,344,939 ) Accumulated impairment loss as of December 31, 2018 W — — (11,521 ) — — — — — — (11,521 ) (*1) The Group has classified the amortization as manufacturing overhead costs, selling expenses, administrative expenses and research and development expenses. (*2) Others mainly consist of rights to use electricity and gas supply facilities. (c) Development of new projects are divided into research activities and development activities. Expenditures on research activities are recognized in profit or loss and qualifying development expenditures are capitalized, respectively. (d) Development costs as of December 31, 2017 and 2018 are as follows: (i) As of December 31, 2017 (In millions of won and in years) Classification Product Book Value Remaining Useful life Development completed Mobile W 79,372 0.6 TV 36,038 0.6 Notebook 14,311 0.5 Others 12,444 0.4 Sub-Total W 142,165 Development in process Mobile W 117,222 — TV 30,670 — Notebook 2,356 — Others 4,347 — Sub-Total W 154,595 Total W 296,760 (ii) As of December 31, 2018 (In millions of won and in years) Classification Product Book Value Remaining Useful life Development completed Mobile W 108,467 0.5 TV 28,001 0.5 Notebook 4,458 0.6 Others 9,475 0.5 Sub-Total W 150,401 Development in process Mobile W 144,679 — TV 55,580 — Notebook 9,639 — Others 6,611 — Sub-Total W 216,509 Total W 366,910 |
Financial Liabilities
Financial Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Financial Liabilities | 11. Financial Liabilities (a) Financial liabilities at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current Current portion of long-term borrowings and bonds W 1,452,926 1,553,907 W 1,452,926 1,553,907 Non-current Won denominated borrowings W 1,251,258 2,700,608 Foreign currency denominated borrowings 1,392,931 2,531,663 Bonds 1,506,003 1,772,599 Derivatives(*) — 25,758 W 4,150,192 7,030,628 (*) Represents exchange rate swap contracts related to foreign currency denominated borrowings and bonds . (b) Won denominated long-term borrowings at the reporting date are as follows: (In millions of won) Lender Annual interest rate as of December 31, 2018 (%) December 31, December 31, Woori Bank 3-year Bond rate – 2.75 W 1,922 1,259 Shinhan Bank — 200,000 — Korea Development Bank and others CD rate (91days) + 0.64, 2.43~3.25 1,250,000 2,850,000 Less current portion of long-term borrowings (200,664 ) (150,651 ) W 1,251,258 2,700,608 (c) Foreign currency denominated long-term borrowings at the reporting date are as follows: ( In millions of won and USD, CNY) Lender Annual interest rate as of December 31, 2018 (%)(*) December 31, December 31, The Export-Import Bank of Korea 3ML+0.75~1.70 W 755,337 955,975 China Construction Bank and others USD: 3ML+0.80~2.00 CNY: PBOC*(0.90~1.05) 1,385,097 2,419,286 Foreign currency equivalent USD 1,500 USD 2,262 CNY 3,263 CNY 5,198 Less current portion of long-term borrowings W (747,503 ) (843,598 ) W 1,392,931 2,531,663 (*) ML represents Month LIBOR (London Inter-Bank Offered Rates) and PBOC represents People’s Bank of China. (d) Details of bonds issued and outstanding at the reporting date are as follows: (In millions of won) Maturity Annual interest rate as December 31, December 31, Won denominated bonds(*1) Publicly issued bonds April 2019 ~ February 2023 1.80~3.45 W 2,015,000 1,900,000 Privately issued bonds May 2025 ~ May 2033 3.25~4.25 — 110,000 Less discount on bonds (4,238 ) (3,949 ) Less current portion (504,759 ) (559,658 ) W 1,506,003 1,446,393 Foreign currency denominated Publicly issued bond November 2021 3.88 W — 335,430 Foreign currency equivalent — USD 300 Less discount on bonds — (9,224 ) W — 326,206 W 1,506,003 1,772,599 (*1) Principal of the won denominated bonds is to be repaid at maturity and interests are paid quarterly. (*2) Principal of the foreign currency denominated bond is to be repaid at maturity and interests are paid semi-annually. |
Employee Benefits
Employee Benefits | 12 Months Ended |
Dec. 31, 2018 | |
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Employee Benefits | 12. Employee Benefits The Controlling Company and certain subsidiaries’ defined benefit plans provide a lump-sum The defined benefit plans expose the Group to actuarial risks, such as the risk associated with expected periods of service, interest rate risk, market (investment) risk, and others. (a) Net defined benefit liabilities recognized at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Present value of partially funded defined benefit obligations W 1,562,424 1,595,423 Fair value of plan assets (1,466,977 ) (1,550,063 ) W 95,447 45,360 (b) Changes in the present value of the defined benefit obligations for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) 2017 2018 Opening defined benefit obligations W 1,401,396 1,562,424 Current service cost 195,850 204,668 Past service cost — (25,749 ) Interest cost 40,844 49,145 Remeasurements (before tax) (114 ) (27,885 ) Benefit payments (76,011 ) (88,562 ) Transfers from (to) related parties 534 (4,217 ) Curtailment of plans — (74,459 ) Others (75 ) 58 Closing defined benefit obligations W 1,562,424 1,595,423 Weighted average remaining maturity of defined benefit obligations as of December 31, 2017 and 2018 are 14.0 years and 14.4 years, respectively. (c) Changes in fair value of plan assets for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) 2017 2018 Opening fair value of plan assets W 1,258,409 1,466,977 Expected return on plan assets 38,453 48,184 Remeasurements (before tax) (16,374 ) (22,195 ) Contributions by employer directly to plan assets 250,998 212,224 Benefit payments (64,509 ) (80,690 ) Curtailment of plans — (74,437 ) Closing fair value of plan assets W 1,466,977 1,550,063 (d) Plan assets at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Guaranteed deposits in banks W 1,466,977 1,550,063 As of December 31, 2018, the Controlling Company maintains the plan assets with Mirae Asset Securities Co., Ltd., KB Insurance Co., Ltd. and others. The Group’s estimated additional contribution to the plan assets for the year ending December 31, 2019 is W (e) Expenses recognized in profit or loss for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Current service cost W 210,682 195,850 204,668 Past service cost — — (25,749 ) Net interest cost 10,280 2,391 961 W 220,962 198,241 179,880 Expenses are recognized in the following line items in the consolidated statements of comprehensive income: (In millions of won) 2016 2017 2018 Cost of sales W 177,652 158,418 134,879 Selling expenses 12,513 11,114 11,045 Administrative expenses 16,486 16,287 19,472 Research and development expenses 14,311 12,422 14,484 W 220,962 198,241 179,880 (f) Remeasurements of net defined benefit liabilities (assets) included in other comprehensive income (loss) for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Balance at January 1 W (281,902 ) (163,950 ) (170,510 ) Remeasurements Actuarial profit or loss arising from: Experience adjustment 70,258 (48,890 ) 56,225 Demographic assumptions (4,605 ) (7,702 ) (15,379 ) Financial assumptions 95,429 56,706 (12,961 ) Return on plan assets (5,736 ) (16,374 ) (22,195 ) Share of associates regarding remeasurements 200 441 20 155,546 (15,819 ) 5,710 Income tax (37,594 ) 9,259 (1,169 ) Balance at December 31 W (163,950 ) (170,510 ) (165,969 ) (g) Principal actuarial assumptions at the reporting date (expressed as weighted averages) are as follows: 2017 2018 Expected rate of salary increase 4.7 % 4.3 % Discount rate for defined benefit obligations 3.2 % 2.8 % Assumptions regarding future mortality are based on published statistics and mortality tables. The current mortality underlying the values of the liabilities in the defined benefit plans are as follows: December 31, 2017 December 31, 2018 Teens Males 0.01 % 0.01 % Females 0.00 % 0.00 % Twenties Males 0.01 % 0.01 % Females 0.00 % 0.00 % Thirties Males 0.01 % 0.01 % Females 0.01 % 0.01 % Forties Males 0.03 % 0.03 % Females 0.02 % 0.02 % Fifties Males 0.05 % 0.05 % Females 0.02 % 0.02 % (h) Reasonably possible changes to respective relevant actuarial assumptions would have affected the defined benefit obligations by the following amounts as of December 31, 2018: (In millions of won) Defined benefit obligation 1% increase 1% decrease Discount rate for defined benefit obligations W (199,750 ) 241,608 Expected rate of salary increase 236,002 (199,363 ) |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2018 | |
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Provisions | 13. Provisions Changes in provisions for the year ended December 31, 2017 are as follows: (In millions of won) Litigation and claims Warranties(*) Others Total Balance of January 1, 2017 W — 62,462 1,665 64,127 Additions 43 251,131 170 251,344 Usage and reclassification — (211,143 ) — (211,143 ) Balance at December 31, 2017 W 43 102,450 1,835 104,328 Current W 43 74,138 1,835 76,016 Non-current W — 28,312 — 28,312 Changes in provisions for the year ended December 31, 2018 are as follows: (In millions of won) Litigations and claims Warranties(*) Others Total Balance at January 1, 2018 W 43 102,450 1,835 104,328 Adjustment from adoption of IFRS 15 — — 9,789 9,789 Additions (reversals) — 234,928 (2,694 ) 232,234 Usage (43 ) (215,290 ) — (215,333 ) Balance at December 31, 2018 W — 122,088 8,930 131,018 Current W — 89,324 8,930 98,254 Non-current W — 32,764 — 32,764 (*) The provision for warranties covers defective products and is normally applicable for 18 months from the date of purchase. The warranty liability is calculated by using historical and anticipated rates of warranty claims, and costs per claim to satisfy the Group’s warranty obligation. |
Other Liabilities
Other Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Liabilities | 14. Other Liabilities Other liabilities at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current liabilities Withholdings W 63,766 30,970 Unearned revenues 12,225 43,841 Security deposits — 165 W 75,991 74,976 Non-current Long-term accrued expenses W 70,561 80,817 Long-term other accounts payable 2 3,103 Long-term unearned revenue — 2,116 Security deposits — 10,790 W 70,563 96,826 |
Contingent Liabilities and Comm
Contingent Liabilities and Commitments | 12 Months Ended |
Dec. 31, 2018 | |
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Contingent Liabilities and Commitments | 15. Contingent Liabilities and Commitments (a) Legal Proceedings Anti-trust litigations Argos Limited and affiliated companies (“Argos”) filed a Notice of Claim against the Controlling Company and LG Display Taiwan Co., Ltd. in the High Court of Justice in London alleging infringement of Treaty on the Functioning of the European Union and Agreement on the European Economic Area. The Controlling Company and LG Display Taiwan Co., Ltd. reached a settlement with Argos in November 2018. Others The Group is defending against various claims in addition to pending proceedings described above. The Group does not have a present obligation for these matters and has not recognized any provision at December 31, 2018. (b) Commitments Factoring and securitization of accounts receivable The Controlling Company has agreements with Korea Development Bank and several other banks for accounts receivable sales negotiating facilities of up to an aggregate of USD1,670 million ( W The Controlling Company and oversea subsidiaries entered into agreements with financial institutions for accounts receivables sales negotiating facilities. The respective maximum amount of accounts receivables sales and the amount of sold accounts receivables before maturity by contract are as follows: (In millions of USD and KRW) Classification Financial institutions Maximum Not yet due Contractual amount KRW Contractual KRW Controlling Company Shinhan Bank KRW USD 90,000 25 90,000 — USD 12 — Sumitomo Mitsui Banking Corporation USD 20 22,362 — — KRW 130,000 130,000 KRW 36,089 36,089 Bank of Tokyo-Mitsubishi UFJ USD 40 44,724 USD 40 44,516 BNP Paribas USD 200 223,620 USD 12 13,630 ING Bank USD 150 167,715 USD 31 35,554 USD 435 USD 95 KRW 220,000 706,374 KRW 36,089 143,075 Subsidiaries LG Display Singapore Pte. Ltd. Standard Chartered Bank USD 300 335,430 USD 209 233,364 LG Display Taiwan Co., Ltd. BNP Paribas USD 52 58,141 USD 9 10,063 Australia and New Zealand Banking Group Ltd USD 70 78,267 USD 52 58,142 Taishin International Bank USD 289 323,131 USD 86 96,157 LG Display Germany GmbH Citibank USD 160 178,896 — — BNP Paribas USD 75 83,858 USD 75 83,767 LG Display America, Inc. Hongkong & Shanghai Banking Corp. USD 400 447,240 USD 230 257,164 Standard Chartered Bank USD 600 670,860 USD 515 575,823 Sumitomo Mitsui Banking Corporation USD 80 89,448 USD 67 74,915 LG Display Japan Co., Ltd. Sumitomo Mitsui Banking Corporation USD 20 22,362 — — LG Display Guangzhou Trading Co., Ltd. Industrial and Commercial Bank of China — — — — USD 2,046 2,287,633 USD 1,243 1,389,395 USD 2,481 USD 1,338 KRD 220,000 2,994,007 KRW 36,089 1,532,470 In connection with all of the contracts in the above table, the Controlling Company has sold its accounts receivable without recourse. Letters of credit As of December 31, 2018, the Controlling Company has agreements in relation to the opening of letters of credit up to USD 30 million ( W W W Payment guarantees The Controlling Company obtained payment guarantees amounting to USD 1,538 million ( W . W W LG Display (China) Co., Ltd. and other subsidiaries are provided with payment guarantees from the China Construction Bank and other various banks amounting to CNY1,711 million ( W W W W W W License agreements As of December 31, 2018, in relation to its LCD business, the Group has technical license agreements with Hitachi Display, Ltd. and others and has a trademark license agreement with LG Corp. Long-term supply agreement As of December 31, 2018, in connection with long-term W The Controlling Company received payment guarantees amounting to USD 1,538 million ( W Pledged Assets Regarding the secured bank loan amounting to USD 240 million ( W W |
Capital and Reserves
Capital and Reserves | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Capital and Reserves | 16. Capital and Reserves (a) Share capital The Controlling Company is authorized to issue 500,000,000 shares of capital stock (par value W (b) Reserves Reserves consist mainly of the following: Translation reserve The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. Other comprehensive income (loss) from associates The other comprehensive income (loss) from associates comprises the amount related to change in equity of investments in equity accounted investees. Reserves at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Foreign currency translation differences for foreign operations W (259,749 ) (272,474 ) Other comprehensive loss from associates (excluding remeasurements of net defined benefit liabilities) (28,531 ) (28,494 ) W (288,280 ) (300,968 ) The movement in reserves for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) Net change in fair value of available-for- sale financial assets Foreign currency for foreign operations Other income (loss) from associates (excluding Total January 1, 2016 W 58 18,196 (24,020 ) (5,766 ) Change in reserves (58 ) (77,238 ) (5,416 ) (82,712 ) December 31, 2016 — (59,042 ) (29,436 ) (88,478 ) January 1, 2017 — (59,042 ) (29,436 ) (88,478 ) Change in reserves — (200,707 ) 905 (199,802 ) December 31, 2017 — (259,749 ) (28,531 ) (288,280 ) January 1, 2018 — (259,749 ) (28,531 ) (288,280 ) Change in reserves — (12,725 ) 37 (12,688 ) December 31, 2018 — (272,474 ) (28,494 ) (300,968 ) |
Geographic and Other Informatio
Geographic and Other Information | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Geographic and Other Information | 17. Geographic and Other Information The following is a summary of sales by region based on the location of the customers for the years ended December 31, 2016, 2017 and 2018. (a) Revenue by geography (In millions of won) Region 2016 2017 2018 Domestic W 1,825,191 1,996,183 1,589,452 Foreign China 18,367,767 18,090,974 15,242,533 Asia (excluding China) 2,148,676 2,383,390 2,481,112 United States 2,053,317 2,724,714 2,462,918 Europe (excluding Poland) 983,672 1,433,126 1,496,138 Poland 1,125,451 1,161,829 1,064,418 24,678,883 25,794,033 22,747,119 W 26,504,074 27,790,216 24,336,571 Sales to Company A and Company B amount to W W W W W W end-brand (b) Non-current (In millions of won) Region December 31, 2017 December 31, 2018 Property, plant and Intangible assets Property, plant and Intangible assets Domestic W 12,487,111 731,373 14,984,688 816,808 Foreign China 2,929,739 17,244 5,049,216 12,332 Others 785,110 164,204 1,566,226 158,502 W 3,714,849 181,448 6,615,442 170,834 W 16,201,960 912,821 21,600,130 987,642 (c) Revenue by product and services (In millions of won) Product 2016 2017 2018 Panels for: Televisions W 10,132,520 11,717,982 9,727,260 Desktop monitors 4,035,195 4,393,482 4,040,025 Tablet products 2,695,808 2,369,634 1,990,766 Notebook computers 2,383,532 2,244,088 2,836,888 Mobile and others 7,257,019 7,065,030 5,741,632 W 26,504,074 27,790,216 24,336,571 |
The Nature of Expenses and Othe
The Nature of Expenses and Others | 12 Months Ended |
Dec. 31, 2018 | |
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The Nature of Expenses and Others | 18. The Nature of Expenses and Others The classification of expenses by nature for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Changes in inventories W 63,884 (62,299 ) (341,120 ) Purchases of raw materials, merchandise and others 14,244,942 13,548,848 12,863,812 Depreciation and amortization 3,021,571 3,214,576 3,554,565 Outsourcing fees 819,742 771,697 825,393 Labor costs 3,022,607 3,258,427 3,222,110 Supplies and others 1,053,245 1,239,915 1,010,352 Utility 840,664 865,347 899,075 Fees and commissions 638,732 692,125 722,134 Shipping costs 224,742 249,820 240,288 Advertising 67,636 236,440 112,400 Warranty expenses 166,691 251,131 234,928 Travel 73,807 92,976 104,009 Taxes and dues 74,506 91,806 123,210 Others 927,218 919,051 757,673 W 25,239,987 25,369,860 24,328,829 Total expenses consist of cost of sales, selling, administrative, research and development expenses and other non-operating |
Selling and Administrative Expe
Selling and Administrative Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Selling and Administrative Expenses | 19. Selling and Administrative Expenses Details of selling and administrative expenses for the years ended December 31, 2016, 2017, and 2018 are as follows: (In millions of won) 2016 2017 2018 Salaries(*1) W 276,824 327,288 500,610 Expenses related to defined benefit plans(*2) 28,999 27,401 30,724 Other employee benefits 89,717 94,740 90,348 Shipping costs 191,442 214,866 200,434 Fees and commissions 192,786 197,070 221,050 Depreciation 129,225 138,711 174,575 Taxes and dues 30,523 46,317 65,621 Advertising 67,636 236,440 112,400 Warranty expenses 166,691 251,131 234,928 Rent 25,840 26,711 26,691 Insurance 11,561 12,459 11,584 Travel 23,343 27,879 24,659 Training 14,464 16,311 13,309 Others 56,342 73,181 65,343 W 1,305,393 1,690,505 1,772,276 (*1) The expense related to retirement allowance for the year ended December 31, 2018 is W (*2) The expense related to the define contribution plan for the year ended December 31, 2018 is W |
Personnel Expenses
Personnel Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Personnel Expenses | 20. Personnel Expenses Details of personnel expenses for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Salaries and wages W 2,418,869 2,704,217 2,720,014 Other employee benefits 459,730 483,704 500,169 Contributions to National Pension plan 69,588 73,061 75,668 Expenses related to defined benefit plan and defined contribution plan(*) 220,962 198,241 180,737 W 3,169,149 3,459,223 3,476,588 (*) The expense related to the define contribution plan for the year ended December 31, 2018 is W |
Other Income and Other Expenses
Other Income and Other Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Other Income and Other Expenses | 21. Other Income and Other Expenses (a) Details of other income for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Foreign currency gain W 1,543,909 969,425 970,306 Gain on disposal of property, plant and equipment 14,637 101,227 6,620 Gain on disposal of intangible assets — 308 239 Reversal of impairment loss on intangible assets — 35 348 Rental income 5,152 2,212 3,584 Others 28,103 8,539 23,040 W 1,591,801 1,081,746 1,004,037 (b) Details of other expenses for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Foreign currency loss W 1,420,502 1,189,193 1,030,084 Other bad debt expenses — 1,798 4 Loss on disposal of property, plant and equipment 7,466 20,030 15,048 Impairment loss on property, plant and equipment 1,610 — 43,601 Loss on disposal of intangible assets 75 30 — Impairment loss on intangible assets 138 1,809 82 Donations 22,221 17,152 7,698 Expenses related to legal proceedings or claims and others 15,819 443 18,716 W 1,467,831 1,230,455 1,115,233 |
Finance Income and Finance Cost
Finance Income and Finance Costs | 12 Months Ended |
Dec. 31, 2018 | |
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Finance Income and Finance Costs | 22. Finance Income and Finance Costs (a) Finance income and costs recognized in profit or loss for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Finance income Interest income W 42,079 60,106 69,020 Foreign currency gain 81,554 210,890 160,989 Gain on disposal of investments in equity accounted investees 11,367 3,669 — Reversal of impairment loss of investments in equity accounted investees — — 802 Gain on transaction of derivatives 4,427 3,106 2,075 Gain on valuation of derivatives 244 1,070 13,059 Gain on disposal of available-for-sale — 8 — Gain on valuation of financial asset at fair value through profit or loss — 170 8,186 W 139,671 279,019 254,131 Finance costs Interest expense W 113,285 90,538 80,517 Foreign currency loss 132,320 126,642 184,309 Loss on disposal of investments in equity accounted investees 5,643 42,112 595 Loss on impairment of investments in equity accounted investees 6,137 4,234 17,397 Loss on impairment of available-for-sale 3,757 1,948 — Loss on valuation of financial asset at fair value through profit or loss 118 — 225 Loss on sale of trade accounts and notes receivable 2,886 784 13,361 Loss on transaction of derivatives 334 514 49 Loss on valuation of derivatives 472 — 26,600 Others 1,234 2,084 3,840 W 266,186 268,856 326,893 (b) Finance income and costs recognized in other comprehensive income or loss for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Foreign currency translation differences for foreign operations W (90,503 ) (231,738 ) (19,987 ) Net change in fair value of available-for-sale (77 ) — — Tax effect 19 — — Finance income (costs) recognized in other comprehensive income (loss) after tax W (90,561 ) (231,738 ) (19,987 ) |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
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Income Taxes | 23. Income Taxes (a) Details of income tax expense (benefit) for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Current tax expense Current year 361,237 512,123 167,394 Adjustment for prior years — — 82,225 W 361,237 512,123 249,619 Deferred tax expense (benefit) Origination and reversal of temporary differences (49,190 ) (104,835 ) (226,360 ) Change in unrecognized deferred tax assets 72,678 (11,708 ) 64,818 23,488 (116,543 ) (161,542 ) Income tax expense W 384,725 395,580 88,077 (b) Income taxes recognized directly in other comprehensive income or loss for the years ended December 31, 2016, 2017, and 2018 are as follows: (In millions of won) 2016 Before tax Tax benefit (expense) Net of tax Net change in fair value of available-for-sale W (77 ) 19 (58 ) Remeasurements of net defined benefit liabilities (assets) 155,346 (37,594 ) 117,752 Foreign currency translation differences for foreign operations (90,503 ) — (90,503 ) Change in equity of equity method investee (5,216 ) — (5,216 ) W 59,550 (37,575 ) 21,975 (In millions of won) 2017 Before tax Tax benefit Net of tax Net change in fair value of available-for-sale W — — — Remeasurements of net defined benefit liabilities (assets) (16,260 ) 9,259 (7,001 ) Foreign currency translation differences for foreign operations (231,738 ) — (231,738 ) Change in equity of equity method investee 1,346 — 1,346 W (246,652) 9,259 (237,393 ) (In millions of won) 2018 Before tax Tax expense Net of tax Net change in fair value of available-for-sale W — — — Remeasurements of net defined benefit liabilities (assets) 5,690 (1,169 ) 4,521 Foreign currency translation differences for foreign operations (19,987 ) — (19,987 ) Change in equity of equity method investee 57 — 57 W (14,240) (1,169 ) (15,409 ) (c) Reconciliation of the actual effective tax rate for the years ended December 31, 2016, 2017, and 2018 is as follows: (In millions of won) 2016 2017 2018 Profit (loss) before income taxes W 1,316,233 2,332,632 (91,366 ) Income tax using the statutory tax rate of each country 33.49 % 440,753 28.54 % 665,733 (33.60 %) 30,695 Non-deductible 3.39 % 44,606 2.72 % 63,416 (40.07 %) 36,608 Tax credits (11.45 %) (150,663 ) (10.64 %) (248,191 ) 117.27 % (107,146 ) Change in unrecognized deferred tax assets 5.52 % 72,678 (0.50 %) (11,708 ) (70.94 %) 64,818 Adjustment for prior years — — — — (90.00 %) 82,225 Effect on change in tax rate (Note 24(d)) — — (3.10 %) (72,376 ) 15.68 % (14,326 ) Others (1.72 %) (22,649 ) (0.06 %) (1,294 ) 5.25 % (4,797 ) Actual income tax expense W 384,725 395,580 88,077 Actual effective tax rate 29.23 % 16.96 % (*) (*) Actual effective tax rate are not calculated due to loss before income tax. |
Deferred Tax Assets and Liabili
Deferred Tax Assets and Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
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Deferred Tax Assets and Liabilities | 24. Deferred Tax Assets and Liabilities (a) Unrecognized deferred tax liabilities As of December 31, 2017 and 2018, in relation to the temporary differences on investments in subsidiaries amounting to W W (b) Unused tax credit carryforwards for which no deferred tax asset is recognized Realization of deferred tax assets related to tax credit carryforwards which are primarily related to Korea is dependent on whether sufficient taxable income will be generated prior to their expiration. As of December 31, 2018, the Controlling Company recognized deferred tax assets of W (In millions of won) December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Tax credit carryforwards W — 58,391 91,862 (c) Deferred tax assets and liabilities are attributable to the following: (In millions of won) Assets Liabilities Total December, 31, December, 31, December, 31, December, 31, December, 31, December, 31, Other accounts receivable, net W — — (1,441 ) (1,013 ) (1,441 ) (1,013 ) Inventories, net 34,550 60,606 — — 34,550 60,606 Defined benefit liabilities, net 2,375 — — — 2,375 — Unrealized gain or loss and others 29,061 13,404 — — 29,061 13,404 Accrued expenses 183,903 126,072 — — 183,903 126,072 Property, plant and equipment 409,928 445,721 — (1,495 ) 409,928 444,226 Intangible assets 3,457 3,468 (24,646 ) (14,588 ) (21,189 ) (11,120 ) Provisions 27,018 32,468 — — 27,018 32,468 Gain or loss on foreign currency translation, net 13 13 — — 13 13 Others 27,562 20,850 — (7,665 ) 27,562 13,185 Tax loss carryforwards — 134,845 — — — 134,845 Tax credit carryforwards 268,926 308,393 — — 268,926 308,393 Deferred tax assets (liabilities) W 986,793 1,145,840 (26,087 ) (24,761 ) 960,706 1,121,079 (d) Changes in deferred tax assets and liabilities for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) January 1, Profit or loss Other (loss) December 31, Profit or loss Other December 31, Other accounts receivable, net W (1,190 ) (251 ) — (1,441 ) 428 — (1,013 ) Inventories, net 35,771 (1,221 ) — 34,550 26,056 — 60,606 Defined benefit liabilities, net 10,817 (17,701 ) 9,259 2,375 (1,206 ) (1,169 ) — Subsidiaries and associates 34,777 (5,716 ) — 29,061 (15,657 ) — 13,404 Accrued expenses 122,998 60,905 — 183,903 (57,831 ) — 126,072 Property, plant and equipment 338,860 71,068 — 409,928 34,298 — 444,226 Intangible assets (31,027 ) 9,838 — (21,189 ) 10,069 — (11,120 ) Provisions 15,051 11,967 — 27,018 5,450 — 32,468 Gain or loss on foreign currency translation, net 11 2 — 13 — — 13 Others 21,435 6,127 — 27,562 (14,377 ) — 13,185 Tax loss carryforwards — — — — 134,845 — 134,845 Tax credit carryforwards 287,400 (18,474 ) — 268,926 39,467 — 308,393 Deferred tax assets (liabilities) W 834,903 116,544 9,259 960,706 161,542 (1,169 ) 1,121,079 Statutory tax rate applicable to the Controlling Company is 24.2% for the year ended December 31, 2017. During the year ended December 31, 2017, certain amendments to corporate income tax rules in Korea were enacted and effective on January 1, 2018 that resulted in application of 27.5% for taxable income in excess of W |
Earnings (Loss) Per Share Attri
Earnings (Loss) Per Share Attributable to Owners of the Controlling Company | 12 Months Ended |
Dec. 31, 2018 | |
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Earnings (Loss) Per Share Attributable to Owners of the Controlling Company | 25. Earnings (Loss) Per Share Attributable to Owners of the Controlling Company (a) Basic earnings (loss) per share for the years ended December 31, 2016, 2017 and 2018 are as follows: (In won and No. of shares) 2016 2017 2018 Profit (loss) attributable to owners of the Controlling Company W 906,714,278,688 1,802,756,119,275 (207,239,484,774 ) Weighted-average number of common stocks outstanding 357,815,700 357,815,700 357,815,700 Earnings (loss) per share W 2,534 5,038 (579 ) For the years ended December 31, 2016, 2017 and 2018, there were no events or transactions that resulted in changes in the number of common stocks used for calculating earnings (loss) per share. (b) Diluted earnings (loss) per share for the years ended December 31, 2016, 2017 and 2018 are not calculated since there was no potential common stock. |
Financial Risk Management
Financial Risk Management | 12 Months Ended |
Dec. 31, 2018 | |
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Financial Risk Management | 26. Financial Risk Management The Group is exposed to credit risk, liquidity risk and market risks. The Group identifies and analyzes such risks, and controls are implemented under a risk management system to monitor and manage these risks at below a threshold level. (a) Market Risk Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices, will affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return. (i) Currency Risk The Group is exposed to currency risk on sales, purchases and borrowings that are denominated in a currency other than the functional currency of the Controlling Company, Korean won (KRW). The currencies in which these transactions primarily are denominated are USD, CNY, JPY, etc. Interest on borrowings is denominated in the currency of the borrowing. Generally, borrowings are denominated in currencies that match the cash flows generated by the underlying operations of the Group, primarily KRW, USD and CNY. In respect of other monetary assets and liabilities denominated in foreign currencies, the Group adopts policies to ensure that its net exposure is kept to an acceptable level by buying or selling foreign currencies at spot rates when necessary to address short-term imbalances. The Group entered into a currency swap contract to hedge currency risk with respect to foreign currency borrowings and bonds. i) Exposure to currency risk The Group’s exposure to foreign currency risk based on notional amounts at the reporting date is as follows: (In millions) December 31, 2017 USD JPY CNY TWD EUR PLN VND Cash and cash equivalents 1,228 152 6,940 16 3 165 342,063 Deposits in banks — — 750 — — — — Trade accounts and notes receivable 3,316 11 1,453 — — — — Non-trade 62 1,340 136 2 9 — 13,405 Other assets denominated in foreign currencies 1 206 596 7 — — 1,882 Trade accounts and notes payable (1,345 ) (14,898 ) (2,843 ) — — — (102,398 ) Other accounts payable (285 ) (14,653 ) (2,403 ) (11 ) (8 ) (4 ) (2,138,370 ) Borrowings (1,500 ) — (3,263 ) — — — — Net exposure 1,477 (27,842 ) 1,366 14 4 161 (1,883,418 ) (In millions) December 31, 2018 USD JPY CNY TWD EUR PLN VND Cash and cash equivalents 790 83 5,515 121 8 206 2,070,889 Trade accounts and notes receivable 2,175 7 1,098 — — — — Non-trade 21 852 201 3 4 — 23,182 Other assets denominated in foreign currencies 33 220 11,157 108 12 23 2,782 Trade accounts and notes payable (863 ) (12,501 ) (2,862 ) — — — (355,390 ) Other accounts payable (928 ) (20,326 ) (4,762 ) (6 ) (3 ) (4 ) (1,585,130 ) Borrowings (2,571 ) — (5,198 ) — — — — Aggregate notional amounts in financial position (1,343 ) (31,665 ) 5,149 226 21 225 156,333 Currency swap contracts 780 — — — — — — Net exposure (563 ) (31,665 ) 5,149 226 21 225 156,333 Average exchange rates applied during the reporting periods are as follows: (In won) Average rate Reporting date spot rate 2016 2017 2018 December 31, December 31, USD W 1,159.83 1,131.08 1,100.21 1,071.40 1,118.10 JPY 10.67 10.09 9.96 9.49 10.13 CNY 174.40 167.52 166.41 163.65 162.76 TWD 35.97 37.16 36.51 35.92 36.58 EUR 1,283.95 1,277.01 1,298.53 1,279.25 1,279.16 PLN 294.41 299.98 304.87 306.07 297.33 VND 0.0518 0.0498 0.0478 0.0472 0.0482 ii) Sensitivity analysis A weaker won, as indicated below, against the following currencies which comprise the Group’s assets or liabilities denominated in a foreign currency as of December 31, 2017 and 2018, would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considers to be reasonably possible as of the end of the reporting period. The analysis assumes that all other variables, in particular interest rates, would remain constant. The changes in equity and profit or loss would have been as follows: (In millions of won) December 31, 2017 December 31, 2018 Equity Profit or Equity Profit or loss USD (5 percent weakening) W 50,040 91,238 (46,136 ) 38,725 JPY (5 percent weakening) (10,294 ) (9,141 ) (12,060 ) (10,497 ) CNY (5 percent weakening) 13,212 (6,396 ) 41,779 318 TWD (5 percent weakening) 23 1 413 1 EUR (5 percent weakening) 16 594 1,197 390 PLN (5 percent weakening) 2,515 (120 ) 3,451 (236 ) VND (5 percent weakening) (4,445 ) — 273 273 A stronger won against the above currencies as of December 31, 2017 and 2018 would have had the equal but opposite effect on the above currencies to the amounts shown above, on the basis that all other variables remain constant. (ii) Interest Rate Risk i) Profile The interest rate profile of the Group’s interest-bearing financial instruments at the reporting date is as follows: (In millions of won) December 31, 2017 December 31, 2018 Fixed rate instruments Financial assets W 3,360,800 2,443,583 Financial liabilities (2,962,671 ) (5,033,515 ) W 398,129 (2,589,932 ) Variable rate instruments Financial liabilities W (2,640,447 ) (3,525,262 ) ii) Equity and profit or loss sensitivity analysis for variable rate instruments For the years ended December 31, 2017 and 2018 a change of 100 basis points in interest rates at the reporting date would have increased (decreased) equity and profit or loss by the amounts shown below for the respective following years. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. (In millions of won) Equity Profit or loss 1%p increase 1%p decrease 1%p increase 1%p decrease December 31, 2017 Variable rate instruments(*) W (17,362 ) 17,362 (17,362 ) 17,362 December 31, 2018 Variable rate instruments(*) W (25,558 ) 25,558 (25,558 ) 25,558 (*) Financial instruments subject to interest rate swap not qualified for hedging are excluded. (iii) Credit risk Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Group’s receivables from customers. The Group’s exposure to credit risk of trade and other receivables is influenced mainly by the individual characteristics of each customer. However, management believes that the demographics of the Group’s customer base, including the default risk of the country in which customers operate, do not have a significant influence on credit risk since the majority of the customers are global electronic appliance manufacturers operating in global markets. The Group establishes credit limits for each customer and each new customer is analyzed quantitatively and qualitatively before determining whether to utilize third party guarantees, insurance or factoring as appropriate. In relation to the impairment of financial assets, the Group recognizes expected credit loss and its changes at each reporting date subsequent to initial recognition of financial asset according to an expected credit loss impairment model. The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk as of December 31, 2017 and 2018 are as follows: i) As of December 31, 2017 (In millions of won) December 31, 2017 Cash and cash equivalents W 2,602,560 Deposits in banks 758,089 Trade accounts and notes receivable 4,325,120 Non-trade 150,554 Accrued income 14,273 Available-for-sale 162 Financial assets at fair value through profit or loss 1,552 Deposits 30,378 Short-term loans 16,766 Long-term loans 32,408 Long-term non-trade 8,738 Derivatives 842 W 7,941,442 ii) As of December 31, 2018 (In millions of won) December 31, 2018 Financial assets carried at amortized cost Cash and cash equivalents W 2,365,022 Deposits in banks 78,411 Trade accounts and notes receivable 2,829,163 Non-trade 159,238 Accrued income 10,075 Deposits 91,123 Short-term loans 16,116 Long-term 55,048 Long-term non-trade 11,448 W 5,615,644 Financial assets at fair value through profit or loss Convertible bonds W 1,327 Derivatives 13,059 W 14,386 Financial assets at fair value through other comprehensive income Debt instrument W 161 W 5,630,191 Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises primarily from the sales and investing activities. Trade accounts and notes receivables are insured in order to manage credit risk and uninsured trade accounts and notes receivables are managed in accordance with the Group’s management policy. (c) Liquidity Risk Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Group’s reputation. The Group has historically been able to satisfy its cash requirements from cash flows from operations and debt and equity financing. To the extent that the Group does not generate sufficient cash flows from operations to meet its capital requirements, the Group may rely on other financing activities, such as external long-term borrowings and offerings of debt securities, equity-linked and other debt securities. In addition, the Group maintains a line of credit with various banks. The following are the contractual maturities of financial liabilities, including estimated interest payments, as of December 31, 2018. ( In millions of won ) Contractual cash flows Carrying Total 6 months 6-12 1-2 2-5 More than Non-derivative Secured bank borrowings W 268,093 268,190 268,190 — — — — Unsecured bank borrowings 5,958,427 6,588,502 565,832 356,688 973,297 4,169,682 523,003 Unsecured bond issues 2,332,257 2,537,553 291,738 328,400 456,990 1,320,248 140,177 Trade accounts and notes payable 3,087,461 3,087,461 3,087,461 — — — — Other accounts payable 3,566,629 3,566,629 3,565,599 1,030 — — — Long-term other accounts payable 3,103 3,103 — — 2,077 1,026 — Security deposits 10,955 10,955 — 165 10,790 — — Derivative financial liabilities Derivatives W 25,758 (35,140 ) (6,742 ) (6,728 ) (12,517 ) (9,153 ) — W 15,252,683 16,027,253 7,772,078 679,555 1,430,637 5,481,803 663,180 It is not expected that the cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts. (d) Capital Management Management’s policy is to maintain a capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business. Liabilities to equity ratio, net borrowings to equity ratio and other financial ratios are used by management to achieve an optimal capital structure. Management also monitors the return on capital as well as the level of dividends to ordinary shareholders. (In millions of won) December 31, 2017 December 31, 2018 Total liabilities W 14,178,177 18,289,464 Total equity 14,981,510 14,886,246 Cash and deposits in banks(*1) 3,360,638 2,443,422 Borrowings (including bonds) 5,603,118 8,558,777 Total liabilities to equity ratio 95 % 123 % Net borrowings to equity ratio(*2) 15 % 41 % (*1) Cash and deposits in banks consist of cash and cash equivalents and current deposit in banks. (*2) Net borrowings to equity ratio is calculated by dividing total borrowings (including bonds) less cash and current deposits in banks by total equity. (e) Determination of fair value (i) Measurement of fair value A number of the Group’s accounting policies and disclosures require the determination of fair value, for both financial and non-financial i) Current assets and liabilities The carrying amounts approximate fair value because of the short maturity of these instruments. ii) Trade receivables and other receivables The fair value of trade and other receivables is estimated as the present value of future cash flows, discounted at the market rate of interest at the reporting date. This fair value is determined for disclosure purposes. The carrying amounts of short-term receivables approximate fair value. iii) Investments in equity and debt securities The fair value of marketable financial assets at fair value through profit or loss and at fair value through other comprehensive income is determined by reference to their quoted closing bid price at the reporting date. The fair value of non-marketable iv) Non-derivative Fair value, which is determined for disclosure purposes, except for the liabilities at FVTPL, is calculated based on the present value of future principal and interest cash flows, discounted at the market rate of interest at the reporting date. (ii) Fair values versus carrying amounts The fair values of financial assets and liabilities, together with the carrying amounts shown in the consolidated statements of financial position as of December 31, 2017 and 2018 are as follows: i) As of December 31, 2017 (In millions of won) December 31, 2017 Carrying Fair values Assets carried at fair value Available-for-sale W 162 162 Financial asset at fair value through profit or loss 1,552 1,552 Derivatives 842 842 Assets carried at amortized cost Cash and cash equivalents W 2,602,560 (*) Deposits in banks 758,089 (*) Trade accounts and notes receivable 4,325,120 (*) Non-trade 150,554 (*) Accrued income 14,273 (*) Deposits 30,378 (*) Short-term loans 16,766 (*) Long-term 32,408 (*) Long-term non-trade 8,738 (*) Liabilities carried at amortized cost Secured bank borrowings W 642,172 642,172 Unsecured bank borrowings 2,950,184 2,955,399 Unsecured bond issues 2,010,762 2,016,086 Trade accounts and notes payable 2,875,090 (*) Other accounts payable 3,169,937 3,170,147 Long-term other accounts payable 2 (*) (*) Excluded from disclosures as the carrying amount approximates fair value. ii) As of December 31, 2018 (In millions of won) December 31, 2018 Carrying amounts Fair values Financial assets carried at amortized cost Cash and cash equivalents W 2,365,022 (*) Deposits in banks 78,411 (*) Trade accounts and notes receivable 2,829,163 (*) Non-trade 159,238 (*) Accrued income 10,075 (*) Deposits 91,123 (*) Short-term loans 16,116 (*) Long-term 55,048 (*) Long-term non-trade 11,448 (*) Financial assets at fair value through profit or loss Equity instrument W 13,681 13,681 Convertible bonds 1,327 1,327 Derivatives 13,059 13,059 Financial assets at fair value through other comprehensive income Debt instrument W 161 161 Financial liabilities at fair value through profit or loss Derivatives W 25,758 25,758 Financial liabilities carried at amortized cost Secured bank borrowings W 268,093 268,093 Unsecured bank borrowings 5,958,427 6,013,903 Unsecured bond issues 2,332,257 2,384,987 Trade accounts and notes payable 3,087,461 (*) Other accounts payable 3,566,629 (*) Long-term other accounts payable 3,103 (*) Security deposits 10,955 (*) (*) Excluded from disclosures as the carrying amount approximates fair value. (iii) Fair values of financial assets and liabilities i) Fair value hierarchy The table below analyzes financial instruments carried at fair value based on the input variables used in the valuation method to measure fair value of assets and liabilities. The different levels have been defined as follows: • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities • Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly • Level 3: inputs for the asset or liability that are not based on observable market data ii) Financial instruments measured at fair value Fair value hierarchy classifications of the financial instruments that are measured at fair value as of December 31, 2017 and 2018 are as follows: (In millions of won) Level 1 Level 2 Level 3 Total December 31, 2017 Available-for-sale W 162 — — 162 Financial assets at fair value through profit or loss — — 1,552 1,552 Derivatives — — 842 842 (In millions of won) Level 1 Level 2 Level 3 Total December 31, 2018 Financial assets at fair value through profit or loss Equity instrument W — — 13,681 13,681 Convertible bonds — — 1,327 1,327 Derivatives — — 13,059 13,059 Financial asset at fair value through other comprehensive income Debt instrument W 161 — — 161 Financial liabilities at fair value through profit or loss Derivatives W — — 25,758 25,758 iii) Financial instruments not measured at fair value but for which the fair value is disclosed Fair value hierarchy classifications, valuation technique and inputs for fair value measurements of the financial instruments not measured at fair value but for which the fair value is disclosed as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 Valuation technique Input Classification Level 1 Level 2 Level 3 Liabilities Secured bank borrowings W — — 642,172 Discounted cash flow Discount rate Unsecured bank borrowings — — 2,955,399 Discounted cash flow Discount rate Unsecured bond issues — — 2,016,086 Discounted cash flow Discount rate Other accounts payable — — 3,170,147 Discounted cash flow Discount rate (In millions of won) December 31, 2018 Valuation technique Input Classification Level 1 Level 2 Level 3 Liabilities Secured bank borrowings W — — 268,093 Discounted cash flow Discount rate Unsecured bank borrowings — — 6,013,903 Discounted cash flow Discount rate Unsecured bond issues — — 2,384,987 Discounted cash flow Discount rate The interest rates applied for determination of the above fair value at the reporting date are as follows: December 31, 2017 December 31, 2018 Borrowings, bonds and others 1.57~2.92% 2.09~3.37% |
Changes in liabilities arising
Changes in liabilities arising from financing activities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Changes in liabilities arising from financing activities | 27. Changes in liabilities arising from financing activities Changes in liabilities arising from financing activities for the year ended December 31, 2018 are as follows: (In millions of won) Non-cash January 1, 2018 Cash flows from Reclassification Exchange rate effect Effective interest December 31, Short-term borrowings W — (720 ) — 720 — — Current portion of long-term borrowings and bonds 1,452,926 (1,859,098 ) 1,904,888 54,659 532 1,553,907 Long-term 2,644,189 3,882,958 (1,345,520 ) 50,644 — 5,232,271 Bonds 1,506,003 828,169 (559,368 ) (4,172 ) 1,967 1,772,599 W 5,603,118 2,851,309 — 101,851 2,499 8,558,777 |
Related Parties and Others
Related Parties and Others | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Related Parties and Others | 28. Related Parties and Others (a) Related parties Related parties for the periods presented are as follows: Classification Description Associates(*) Paju Electric Glass Co., Ltd. and others Entity that has significant influence over the Controlling Company LG Electronics Inc. Subsidiaries of the entity that has significant influence over the Controlling Company Subsidiaries of LG Electronics Inc. (*) Details of associates are described in note 8. (b) Significant transactions such as sales of goods and purchases of raw material and outsourcing service and others, which occurred in the normal course of business with related parties for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 Purchase and others Sales and others Dividend Purchase of raw material Acquisition of Outsourcing Other costs Joint Venture Suzhou Raken Technology Co., Ltd.(*1) W 59,388 29,902 — — — 543 Associates and their subsidiaries New Optics Ltd. W 2,469 — 50,372 — 7,569 255 New Optics USA, Inc. — — — — 509 — NEWOPTIX RS. SA DE CV 33 — — — — — INVENIA Co., Ltd. 54 — 1,429 48,398 — 261 TLI Inc.(*2) — 101 57,429 — — 2,238 AVACO Co., Ltd.(*2) — 128 703 31,299 — 1,373 AVATEC Co., Ltd. — 265 — — 70,196 1,027 Paju Electric Glass Co., Ltd. — 21,030 453,463 — — 3,674 Shinbo Electric Co., Ltd. 204,637 — 355,607 — 2,449 1,097 Narenanotech Corporation 17 — 513 24,821 — 909 WooRee E&L Co., Ltd. — — — — — 32 YAS Co., Ltd. 44 — 2,076 80,836 — 1,758 LB Gemini New Growth Fund No. 16 — 8,394 — — — — W 207,254 29,918 921,592 185,354 80,723 12,624 ( In millions of won ) 2016 Purchase and others Sales and others Dividend Purchase of Acquisition of Outsourcing Other costs Entity that has significant influence over the Controlling Company LG Electronics Inc. W 1,580,279 — 23,047 538,175 — 103,158 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics India Pvt. Ltd. W 75,591 — — — — 69 LG Electronics Vietnam Haiphong Co., Ltd. 162,893 — — — — 141 LG Electronics Nanjing New Technology Co., Ltd. 229,773 — — 293 — 1,876 LG Electronics RUS, LLC 127,316 — — — — 2,993 LG Electronics do Brasil Ltda. 133,903 — — — — 3,430 LG Innotek Co., Ltd. 11,503 — 209,878 — — 9,873 Qingdao LG Inspur Digital Communication Co., Ltd. 47,804 — — — — — Inspur LG Digital Mobile Communications Co., Ltd. 370,966 — — — — 5 LG Electronics Mexicalli, S.A. DE C.V. 210,021 — — — — 77 LG Electronics Mlawa Sp. z o.o. 709,558 — — — — 895 LG Electronics Taiwan Taipei Co., Ltd. 11,919 — — — — 27 ( In millions of won ) 2016 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs LG Electronics Wroclaw Sp. z o.o. W 290,785 — — — — 99 LG Hitachi Water Solutions Co., Ltd. — — — 167,987 — 2,782 LG Electronics Reynosa, S.A. DE C.V. 1,074,790 — — — — 1,907 LG Electronics Almaty Kazakhstan 15,953 — — — — 33 LG Electronics Air-Conditioning — — — 4,994 — 259 Hi Entech Co., Ltd. — — — — — 25,365 Hientech (Tianjin) Co., Ltd. — — — 28,587 — 10,613 LG Electronics S.A. (Pty) Ltd 21,236 — — — — 39 Others 2,289 — — — — 4,094 W 3,496,300 — 209,878 201,861 — 64,577 W 5,343,221 59,820 1,154,517 925,390 80,723 180,902 (*1) Represents transactions occurred prior to exchange of equity interests. (*2) Represent transactions occurred prior to disposal of the entire investments. ( In millions of won ) 2017 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs Associates and their subsidiaries New Optics Ltd.(*) W 1 — — — 4 6 INVENIA Co., Ltd. — — 1,862 66,548 — 2,259 AVATEC Co., Ltd. — 530 — — 90,785 720 Paju Electric Glass Co., Ltd. — 8,109 380,815 — — 4,225 Shinbo Electric Co., Ltd.(*) 15,812 — — — — 21 Narenanotech Corporation(*) — — 279 21,727 — 244 WooRee E&L Co., Ltd. — — — — — 175 YAS Co., Ltd. — — 6,347 69,243 — 2,474 W 15,813 8,639 389,303 157,518 90,789 10,124 Entity that has significant influence over the Controlling Company LG Electronics Inc. W 1,689,381 — 47,898 906,427 — 109,865 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics India Pvt. Ltd. W 71,597 — — — — 163 LG Electronics Vietnam Haiphong Co., Ltd. 205,934 — — 8,892 — 198 ( In millions of won ) 2017 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other LG Electronics Nanjing New Technology Co., Ltd. W 300,785 — — 245 — 379 LG Electronics RUS, LLC 103,479 — — — — 963 LG Electronics do Brasil Ltda. 228,821 — — — — 430 LG Innotek Co., Ltd. 14,836 — 199,896 — — 5,692 Qingdao LG Inspur Digital Communication Co., Ltd. 77,787 — — — — — Inspur LG Digital Mobile Communications Co., Ltd. 230,832 — — — — — LG Electronics Mexicalli, S.A. DE C.V. 319,772 — — — — 186 LG Electronics Mlawa Sp. z o.o. 847,565 — — — — 985 LG Electronics Taiwan Taipei Co., Ltd. 13,693 — — — — 164 LG Hitachi Water Solutions Co., Ltd. — — — 318,978 — 1,532 LG Electronics Reynosa, S.A. DE C.V. 1,287,340 — — — — 1,926 LG Electronics Almaty Kazakhstan 14,079 — — — — 53 LG Electronics Air-Conditioning — — 255 3,744 — 2,621 HiEntech Co., Ltd. — — — 6,991 — 34,432 Hientech (Tianjin) Co., Ltd. — — — 21,838 — 11,822 LG Electronics S.A. (Pty) Ltd. 14,155 — — — — 25 Others 857 — 3 14 — 7,264 W 3,731,532 — 200,154 360,702 — 68,835 W 5,436,726 8,639 637,355 1,424,647 90,789 188,824 (*) Represents transactions occurred prior to disposal of the entire investments. ( In millions of won ) 2018 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs Associates and their subsidiaries INVENIA Co., Ltd. — 30 1,608 58,111 — 896 AVATEC Co., Ltd. — 530 — — 71,403 905 Paju Electric Glass Co., Ltd. — 4,172 364,183 — — 4,411 WooRee E&L Co., Ltd. — — 58 — — 144 YAS Co., Ltd. — — 5,281 143,192 — 3,391 LB Gemini New Growth Fund No. 16 1,112 540 — — — — W 1,112 5,272 371,130 201,303 71,403 9,747 Entity that has significant influence over the Controlling Company LG Electronics Inc. W 1,215,153 — 36,522 1,041,563 — 127,775 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics India Pvt. Ltd. W 71,798 — — — — 103 LG Electronics Vietnam Haiphong Co., Ltd. 173,051 — — 4,541 — 166 ( In millions of won ) 2018 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs LG Electronics Nanjing New Technology Co., Ltd. W 223,524 — — 424 — 1,528 LG Electronics RUS, LLC 106,631 — — — — 2,673 LG Electronics do Brasil Ltda. 192,775 — — — — 350 LG Innotek Co., Ltd. 29,267 — 147,453 — — 39,136 Qingdao LG Inspur Digital Communication Co., Ltd. 37,738 — — — — — Inspur LG Digital Mobile Communications Co., Ltd. 131,970 — — — — 1 LG Electronics Mexicalli, S.A. DE C.V. 187,844 — — — — 210 LG Electronics Mlawa Sp. z o.o. 740,784 — — — — 631 LG Electronics Taiwan Taipei Co., Ltd. 12,746 — — — — 330 LG Hitachi Water Solutions Co., Ltd. 9,100 — — 304,365 — 8,980 LG Electronics Reynosa, S.A. DE C.V. 1,030,414 — — — — 2,021 LG Electronics Almaty Kazakhstan 3,759 — — — — 42 LG Electronics Air-Conditioning — — 330 26,871 — 7,264 HiEntech Co., Ltd. — — — 22,378 — 29,215 Hientech (Tianjin) Co., Ltd. — — — 92,900 — 23,880 LG Electronics S.A. (Pty) Ltd. 7,244 — — — — 20 LG Electronics Egypt S.A.E. 25,491 — — — — 16 Others 5,195 — 28 15 — 11,480 W 2,989,331 — 147,811 451,494 — 128,046 W 4,205,596 5,272 555,463 1,694,360 71,403 265,568 (c) Trade accounts and notes receivable and payable as of December 31, 2017and 2018 are as follows: ( In millions of won ) Trade accounts and notes receivable and others Trade accounts and notes payable and others December 31, 2017 December 31, 2018 December 31, 2017 December 31, 2018 Associates INVENIA Co., Ltd. 2,375 2,000 18,662 30,179 AVATEC Co., Ltd. — — 2,949 4,382 Paju Electric Glass Co., Ltd. — — 60,141 60,566 WooRee E&L Co., Ltd. — — 61 7 YAS Co., Ltd. 375 — 6,474 6,145 W 2,750 2,000 88,287 101,279 Entity that has significant influence over the Controlling Company LG Electronics Inc. W 550,335 247,679 257,071 430,677 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics do Brasil Ltda. W 19,091 15,608 10 62 LG Electronics RUS, LLC 25,102 22,570 80 90 LG Innotek Co., Ltd. 407 2,885 62,675 47,382 Qingdao LG Inspur Digital Communication Co., Ltd. 13,061 3,530 — — Inspur LG Digital Mobile Communications Co., Ltd. 55,278 13,172 — — ( In millions of won ) Trade accounts and notes receivable and others Trade accounts and notes payable and others December 31, 2017 December 31, 2018 December 31, 2017 December 31, 2018 LG Electronics Mexicali, S.A. DE C.V. W 29,440 15,305 — — LG Electronics Mlawa Sp. z o.o. 136,874 70,236 25 33 LG Electronics Nanjing New Technology Co., Ltd. 46,373 43,463 699 139 LG Electronics Reynosa, S.A. DE C.V. 137,413 69,189 82 134 LG Electronics Vietnam Haiphong Co., Ltd. 36,017 25,544 3,917 — LG Hitachi Water Solutions Co., Ltd. — 9,100 154,864 50,425 Hientech (Tianjin) Co., Ltd. — — 5,600 16,345 HiEntech Co., Ltd. — — 6,679 16,816 LG Electronics India Pvt. Ltd. 3,030 9,047 — 29 LG Electronics Egypt S.A.E. — 10,296 1 — LG Electronics Air-Conditioning — — — 17,654 Others 7,618 5,263 1,714 1,246 W 509,704 315,208 236,346 150,355 W 1,062,789 564,887 581,704 682,311 (d) Details of significant cash transactions such as loans and collection of loans, which occurred in the normal course of business with related parties for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) Loans(*1) Associates January 1, 2017 Increase Decrease December 31, 2017 New Optics Ltd.(*2) W 1,000 — 125 875 INVENIA Co., Ltd. 833 2,000 458 2,375 Narenanotech Corporation(*2) 300 — 75 225 YAS Co., Ltd. 833 — 458 375 W 2,966 2,000 1,116 3,850 (*1) Loans are presented based on nominal amounts. (*2) Excluded from related parties due to disposal of equity investments during the year ended December 31, 2017. (In millions of won) Loans(*) Associates January 1, 2018 Increase Decrease December 31, 2018 INVENIA Co., Ltd. W 2,375 — 375 2,000 YAS Co., Ltd. 375 — 375 — W 2,750 — 750 2,000 (*) Loans are presented based on nominal amounts. (e) Key management personnel compensation Compensation costs of key management for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Short-term benefits W 2,323 3,724 2,622 Expenses related to the defined benefit plan 897 488 794 W 3,220 4,212 3,416 Key management refers to the registered directors who have significant control and responsibilities over the Controlling Company’s operations and business. |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Supplemental Cash Flow Information | 29. Supplemental Cash Flow Information Supplemental cash flow information for the years ended December 31, 2016, 2017 and 2018 is as follows: (In millions of won) 2016 2017 2018 Non-cash Changes in other accounts payable arising from the purchase of property, plant and equipment W 809,406 632,355 516,734 |
Non-current Assets Held for Sal
Non-current Assets Held for Sale | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Non-current Assets Held for Sale | 30. Non-current The Group plans to dispose a part of tangible assets of LG Display Poland Sp. z o.o. based on the management’s approval and began effort to sell the disposal group. The Group expects to complete the sale within the first half of 2019. (1) impairment loss of disposal group Fair value less costs to sell of disposal group is expected to exceed the carrying amount and no impairment loss is recognized to the non-current (2) assets of disposal group Non-current (In millions of won) December 31, 2018 Property, plant and equipment W 70,161 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Change in Accounting Policies | (a) Changes in Accounting Policies The Group has initially adopted IFRS 9, Financial Instruments, Revenue from Contracts with Customers Foreign Currency Transactions and Advance Consideration The Group has consistently applied the accounting policies to the consolidated financial statements for 2018 and 2017 except for the new amendments effective for annual period beginning January 1, 2018 as mentioned below. (i) IFRS 9, Financial Instruments IFRS 9 set out requirements for recognizing and measuring financial assets, financial liabilities and some contracts to buy or sell non-financial Financial Instruments: Recognition and Measurement Financial Instruments The followings describe the nature and impact on the significant changes in accounting policies from the adoption of IFRS 9. There is no impact on the opening balance of retained earnings at January 1, 2018 resulting from the initial adoption of IFRS 9. Classification and measurement of financial assets and financial liabilities IFRS 9 contains three principal classification categories for financial assets measured at: amortized cost, FVOCI and FVTPL. The classification of financial assets under IFRS 9 is generally based on the business model in which a financial asset is managed and its contractual cash flow characteristics. IFRS 9 eliminates the previous IAS 39 categories of held to maturity, loans and receivables and available for sale. IFRS 9 largely retains the existing requirements in IAS 39 for the classification and measurement of financial liabilities. The adoption IFRS 9 has not had a significant effect on the Group’s accounting policies related to financial liabilities and derivative financial instruments. The following table below explains the original measurement categories under IAS 39 and the changes in measurement categories under IFRS 9 for each class of the Group’s financial assets as at January 1, 2018. ( In millions of won ) Classification under IAS 39 Classification IFRS 9 Carrying amount IAS 39 Carrying amount IFRS 9 Difference Financial assets Cash and cash equivalents Loans and receivables Amortized cost W 2,602,560 2,602,560 — Deposits Loans and receivables Amortized cost 758,089 758,089 — Trade receivables Loans and receivables Amortized cost 4,325,120 4,325,120 — Other receivables Loans and receivables Amortized cost 173,565 173,565 — Debt instrument Available-for-sale FVOCI-debt 162 162 — Equity instrument Available-for-sale Mandatorily at FVTPL 4,980 4,980 — Convertible bonds Designated as at Mandatorily at 1,552 1,552 — Derivatives Designated as at Mandatorily at 842 842 — Others Loans and receivables Amortized cost 79,552 79,552 — Total financial assets W 7,946,422 7,946,422 — As of January 1, 2018, there was no financial liabilities measured at FVTPL. Impairment of financial assets IFRS 9 replaces the ‘incurred loss’ model in IAS 39 with an ‘expected credit loss’ (ECL) model. The new impairment model applies to financial assets measured at amortized cost, contract assets and debt investments at FVOCI, but not to investments in equity instruments. Under IFRS 9, credit losses are recognized earlier than under IAS 39. As a result of applying the new impairment model under IFRS 9, as of January 1, 2018, there is no additional allowance for impairments recognized as compared with the impairment model under IAS 39. Hedge Accounting When initially applying IFRS 9, the Group has elected as its accounting policy to continue to apply hedge accounting requirements under IAS 39 and as a result, there is no impact of applying IFRS 9 on the consolidated financial statements as at January 1, 2018. (ii) IFRS 15, Revenue from Contracts with Customers IFRS 15, Revenue from contracts with customers Revenue Construction Contracts SIC-31, Revenue: Barter Transactions Involving Advertising Services Customer Loyalty Programmes Agreements for the Construction of Real Estate Transfers of Assets from Customers The Group has initially adopted IFRS 15, Revenue from contracts with customers W The effect of the application of IFRS 15 on the Group’s consolidated statement of financial position as of December 31, 2018 is as follows. There is no significant impact on the consolidated statement of comprehensive income and the cash flows for the year ended December 31, 2018. (In millions of won) Categories As reported Adjustments Amounts without Current Assets Other current assets W 546,048 (7,489 ) 538,559 Current Liabilities Provisions W 98,254 (7,489 ) 90,765 (iii) IFRIC 22, Foreign Currency Transactions and Advance Consideration According to the new interpretation, IFRIC 22, Foreign Currency Transactions and Advance Consideration non-monetary non-monetary |
Consolidation | (b) Consolidation (i) Business combinations The Group accounts for business combinations using the acquisition method when control is transferred to the Group. The consideration transferred in the acquisition is generally measured at fair value, as are the identifiable net assets acquired. Any goodwill that arises is tested annually for impairment. Any gain on a bargain purchase is recognized in profit or loss immediately. Transaction costs are expensed as incurred, except if related to the issue of debt or equity securities in accordance with IAS 32 and IFRS 9. The consideration transferred does not include amounts related to the settlement of pre-existing (ii) Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed, or has right to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases. (iii) Non-controlling interests Non-controlling Changes in the Group’s interest in subsidiaries that do not result in a loss of control are accounted for as equity transactions. (iv) Loss of control If the Controlling Company loses control of subsidiaries, the Controlling Company derecognizes the assets and liabilities of the former subsidiaries from the consolidated statement of financial position and recognizes the gain or loss associated with the loss of control attributable to the former controlling interest. Meanwhile, the Controlling Company recognizes any investment retained in the former subsidiaries at its fair value when control is lost. (v) Associates and joint ventures (equity method investees) Associates are those entities in which the Group has significant influence, but not control or joint control, over the financial and operating policies. A joint venture is an arrangement in which the Group has joint control, whereby the Group has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities. Investments in associates and joint ventures are initially recognized at cost and subsequently accounted for using the equity method of accounting. The carrying amount of investments in associates and joint ventures is increased or decreased to recognize the Group’s share of the profits or losses and changes in the Group’s proportionate interest of the investee after the date of acquisition. Distributions received from an investee reduce the carrying amount of the investment. If an associate or joint ventures uses accounting policies different from those of the Controlling Company for like transactions and events in similar circumstances, appropriate adjustments are made to the consolidated financial statements. As of and during the periods presented in the consolidated financial statements, no adjustments were made in applying the equity method. When the Group’s share of losses exceeds its interest in an equity accounted investee, the carrying amount of that interest, including any long-term investments, is reduced to nil, and the recognition of further losses is discontinued except to the extent that the Group has an obligation or has made payments on behalf of the investee. (vi) Transactions eliminated on consolidation Intra-group balances and transactions, including income and expenses and any unrealized income and expenses and balance of trade accounts and notes receivable and payable arising from intra-group transactions, are eliminated. Unrealized gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no evidence of impairment. |
Foreign Currency Transaction and Translation | (c) Foreign Currency Transaction and Translation Transactions in foreign currencies are translated to the respective functional currencies of the Group at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency at the exchange rate on the reporting date. Non-monetary Non-monetary non-operating If the presentation currency of the Group is different from a foreign operation’s functional currency, the financial position and financial performance of the foreign operation are translated into the presentation currency using the following methods. The assets and liabilities of foreign operations, whose functional currency is not the currency of a hyperinflationary economy, including goodwill and fair value adjustments arising on acquisition, are translated to the Group’s functional currency at exchange rates at the reporting date. The income and expenses of foreign operations are translated to the Group’s functional currency at exchange rates at the dates of the transactions. Foreign currency differences are recognized in other comprehensive income. However, if the operation is a non-wholly-owned non-controlling Any goodwill arising on the acquisition of a foreign operation and any fair value adjustments to the carrying amounts of assets and liabilities arising on the acquisition of that foreign operation is treated as assets and liabilities of the foreign operation. Thus, they are expressed in the functional currency of the foreign operation and translated at the at each reporting date’s exchange rate. |
Cash and cash equivalents | (d) Cash and Cash Equivalents Cash and cash equivalents include all cash balances and short-term highly liquid investments with an original maturity of three months or less that are readily convertible into known amounts of cash. |
Inventories | (e) Inventories Inventories are measured at the lower of cost and net realizable value. The cost of inventories is based on the weighted-average method, and includes expenditures incurred in acquiring the inventories, production or conversion costs and other costs incurred in bringing them to their existing location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated selling expenses. In the case of manufactured inventories and work-in-process, cost includes an appropriate share of production overheads based on the actual capacity of production facilities. However, the normal capacity is used for the allocation of fixed production overheads if the actual level of production is lower than the normal capacity. |
Financial Instruments | (f) Financial Instruments (i) Non-derivative Recognition and initial measurement Trade receivables and debt securities issued are initially recognized when they are originated. All other financial assets or liabilities are recognized in statement of financial position when, and only when, the Group becomes a party to the contractual provisions of the instrument. A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at FVTPL, transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price. Classification and subsequent measurement i) Financial assets: Policy applicable from January 1, 2018 On initial recognition, a financial asset is classified as measured at: amortized cost; FVOCI – debt investment; FVOCI – equity investments; or FVTPL. Financial assets are not reclassified subsequent to their initial recognition unless the Group changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model. A financial asset is measured at amortized cost if it meets both of the following conditions and is not designated at FVTPL: • it is held within a business model whose objective is to hold assets to collect contractual cash flows; and • its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL: • it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and • the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. On initial recognition of an equity investments that is not held for trading, the Group may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment-by-investment All financial assets not classified as measured at amortized cost or FVOCI as described above are measured at FVTPL. This includes all derivative financial assets. At initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise. ii) Financial assets: business model: Policy applicable from January 1, 2018 The Group makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. The information considered includes: • the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realizing cash flows through the sale of the assets; • how the performance of the portfolio is evaluated and reported to the Group’s management; • the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed; • how managers of the business are compensated – e.g. whether compensation is based on the fair value of the assets managed or the contractual cash flows collected; and • the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations about future sales activity. Transfers of financial asset to third parties in transaction that do not qualify for derecognition are not considered sale for this purpose. A financial assets that are held for trading or are managed and whose performance is evaluated on a fair value basis are measured at FVTPL. iii) Financial assets: Assessment whether contractual cash flows are solely payments of principal and interest: Policy applicable from January 1, 2018 For the purpose of this assessment, “principal” is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and cost (e.g. liquidity risk and administrative costs), as well as profit margin. In assessing whether the contractual cash flows are solely payments of principal and interest, the Group considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Group considers. • contingent events that would change the amount or timing of cash flows: • terms that may adjust the contractual coupon rate, including variable-rate features; • prepayment and extension features; and • terms that limit the Group’s claim to cash flows from specified assets (e.g. non-recourse A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest or the principal amount outstanding, which may include reasonable additional compensation for early termination of the contract. Additionally, for a financial asset acquired at a discount or premium to its contractual par amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable additional compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition. iv) Financial assets: Subsequent measurement and gains and losses: Policy applicable from January 1, 2018 Financial assets at FVTPL These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognized in profit or loss. Financial assets at amortized cost These assets are subsequently measured at amortized cost using the effective interest method. The amortized cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. Debt investments at FVOCI These assets are subsequently measured at fair value. Interest income calculated using the effective interest method, foreign exchange gains and losses and impairment are recognized in profit or loss. Other net gains and losses are recognized in OCI. On derecognition, gains and losses accumulated in OCI are reclassified to profit or loss. v) Financial assets: Policy applicable before January 1, 2018 The Group has classified financial assets into one of the following categories • loans and receivables • available-for-sale • at FVTPL vi) Financial assets: subsequent measurement, gains and losses: Policy applicable before January 1, 2018 Financial assets at FVTPL Measured at fair value and changes therein, including any interest or dividend income, were recognized in profit or loss. Loans and receivables Measured at amortized cost using the effective interest method. Available-for-sale Measured at fair value and changes therein, other than impairment losses, interest income and foreign currency differences on debt instruments, were recognized in OCI and accumulated in the fair value reserves. When these assets were derecognized, the gain or loss accumulated in equity was classified to profit or loss. Derecognition The Group derecognizes a financial asset when the contractual rights to the cash flows from the asset expire, it transfers the rights to receive the contractual cash flows of the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred, or it transfers or does not retain substantially all the risks and rewards of ownership of a transferred asset, and does not retain control of the transferred asset. If the Group has retained substantially all the risks and rewards of ownership of the transferred asset, the Group continue to recognize the transferred asset. Offset Financial assets and liabilities are offset and the net amount presented in the consolidated statement of financial position when, and only when, the Group has a legal right to offset the amounts and intends either to settle them on a net basis or to realize the asset and settle the liability simultaneously. (ii) Non-derivative The Group classifies financial liabilities into two categories, financial liabilities at FVTPL and other financial liabilities, in accordance with the substance of the contractual arrangement and the definitions of financial liabilities, and recognizes them in the consolidated statement of financial position when the Group becomes a party to the contractual provisions of the instrument. Financial liabilities at FVTPL include financial liabilities held for trading or designated as such upon initial recognition at FVTPL. After initial recognition, financial liabilities at FVTPL are measured at fair value, and changes therein are recognized in profit or loss. Upon initial recognition, transaction costs that are directly attributable to the issuance of financial liabilities are recognized in profit or loss as incurred. Non-derivative non-derivative The Group derecognizes a financial liability when its contractual obligations are discharged, cancelled or expired. (iii) Share capital The Group only issued common stocks and they are classified as equity. Incremental costs directly attributable to the issuance of common stocks are recognized as a deduction from equity, net of tax effects. Capital contributed in excess of par value upon issuance of common stocks is classified as share premium within equity. (iv) Derivative financial instruments Derivatives are initially recognized at fair value. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are accounted for as described below. Hedge accounting If necessary, the Group designates derivatives as hedging items to hedge the risk of changes in the fair value of assets, liabilities or firm commitments (a fair value hedge) and foreign currency risk of highly probable forecasted transactions or firm commitments (a cash flow hedge). On initial designation of the hedge, the Group’s management formally designates and documents the relationship between the hedging instrument(s) and hedged item(s), including the risk management objectives and strategy in undertaking the hedge transaction, together with the methods that will be used to assess the effectiveness of the hedging relationship, both at the inception of the hedge relationship as well as on an ongoing basis. i) Fair value hedges Change in the fair value of a derivative hedging instrument designated as a fair value hedge and the hedged item is recognized in profit or loss, respectively. The gain or loss from remeasuring the hedging instrument at fair value and the gain or loss on the hedged item attributable to the hedged risk are recognized in profit or loss in the same line item of the statement of comprehensive income. The Group discontinues fair value hedge accounting if it does not designate the derivative hedging instrument and the hedged item as the hedge relationship between them anymore or if the hedging instrument expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria for hedge accounting. Any adjustment arising from gain or loss on the hedged item attributable to the hedged risk is amortized to profit or loss from the date the hedge accounting is discontinued. ii) Cash flow hedges When a derivative designated as a cash flow hedging instrument meets the criteria of cash flow hedge accounting, the effective portion of changes in the fair value of the derivative is recognized in other comprehensive income and the ineffective portion of changes in the fair value of the derivative is recognized in profit or loss. The Group discontinues cash flow hedge accounting if it does not designate the derivative hedging instrument and the hedged item as the hedge relationship between them anymore or if the hedging instruments expires or is sold, terminated or exercised, or if the hedge no longer meets the criteria for hedge accounting. The cumulative gain or loss on the hedging instrument that has been recognized in other comprehensive income is reclassified to profit or loss in the periods during which the forecasted transaction occurs. If the forecasted transaction is no longer expected to occur, then the balance in other comprehensive income is recognized immediately in profit or loss. Embedded derivative Embedded derivatives are separated from the host contract and accounted for separately if the host contract is not a financial asset and certain criteria are met. Other derivative financial instruments Derivative financial instruments are measured at fair value and changes of them not designated as a hedging instrument or not effective for hedging are recognized in profit or loss. |
Property, Plant and Equipment | (g) Property, Plant and Equipment (i) Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes an expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labor, any costs directly attributable to bringing the assets to a working condition for their intended use, the costs of dismantling and removing the items and restoring the site on which they are located and borrowing costs on qualifying assets. The gain or loss arising from the derecognition of an item of property, plant and equipment is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item and recognized in other non-operating non-operating (ii) Subsequent costs Subsequent expenditure on an item of property, plant and equipment is recognized as part of its cost only if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The costs of the day-to-day (iii) Depreciation Depreciation is recognized in profit or loss on a straight-line basis, reflecting the pattern in which the asset’s future economic benefits are expected to be consumed by the Group. The residual value of property, plant and equipment is zero. Land is not depreciated. Estimated useful lives of the assets are as follows: Useful lives (years) Buildings and structures 20, 40 Machinery 4, 5 Furniture and fixtures 4 Equipment, tools and vehicles 2, 4, 12 Depreciation methods, useful lives and residual values are reviewed at each financial year-end During the year ended December 31, 2018, the Group changed estimated useful lives of the mask and mold which had previously been classified as inventories. Based on the review of the accumulated historical usage information that became available, it is expected that the mask and mold will be used for the period exceeding one year. Accordingly, the Group changed useful lives of Mask and Mold to two years accounted for the change in accounting estimate and reclassified the mask and mold to property, plant and equipment from inventories. As a result of such change, the Group reclassified inventories amounting to W (In millions of won) Description 2018 2019 2020 Increase (decrease) in depreciation expense W (110,373 ) 58,364 52,009 |
Borrowing Costs | (h) Borrowing Costs The Group capitalizes borrowing costs, which includes interests and exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs, directly attributable to the acquisition, construction or production of a qualifying asset as part of the cost of that asset. A qualifying asset is an asset that necessarily takes a substantial period of time to get ready for its intended use or sale. To the extent that the Group borrows funds specifically for the purpose of obtaining a qualifying asset, the Group determines the amount of borrowing costs eligible for capitalization as the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings. The Group immediately recognizes other borrowing costs as an expense. |
Government Grants | (i) Government Grants In case there is reasonable assurance that the Group will comply with the conditions attached to a government grant, the government grant is recognized as follows: (i) Grants related to the purchase or construction of assets A government grant related to the purchase or construction of assets is deducted in calculating the carrying amount of the asset. The grant is recognized in profit or loss over the life of a depreciable asset as a reduced depreciation expense and cash related to grant received is presented in investing activities in the statement of cash flows. (ii) Grants for compensating the Group’s expenses incurred A government grant that compensates the Group for expenses incurred is recognized in profit or loss as a deduction from relevant expenses on a systematic basis in the periods in which the expenses are recognized. (iii) Other government grants A government grant that becomes receivable for the purpose of giving immediate financial support to the Group with no compensation for expenses or losses already incurred or no future related costs is recognized as income of the period in which it becomes receivable. |
Intangible Assets | (j) Intangible Assets Intangible assets are initially measured at cost. Subsequently, intangible assets are measured at cost less accumulated amortization and accumulated impairment losses. (i) Goodwill Goodwill arising from business combinations is recognized as the excess of the acquisition cost of investments in subsidiaries, associates and joint ventures over the Group’s share of the net fair value of the identifiable assets acquired and liabilities assumed. Any deficit is a bargain purchase that is recognized in profit or loss. Goodwill is measured at cost less accumulated impairment losses. (ii) Research and development Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and understanding, is recognized in profit or loss as incurred. Development activities involve a plan or design of the production of new or substantially improved products and processes. Development expenditure is capitalized only if the Group can demonstrate all of the following: • the technical feasibility of completing the intangible asset so that it will be available for use or sale, • its intention to complete the intangible asset and use or sell it, • its ability to use or sell the intangible asset, • how the intangible asset will generate probable future economic benefits. Among other things, the Group can demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset, • the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset, and • its ability to measure reliably the expenditure attributable to the intangible asset during its development. The expenditure capitalized includes the cost of materials, direct labor, overhead costs that are directly attributable to preparing the asset for its intended use, and borrowing costs on qualifying assets. (iii) Other intangible assets Other intangible assets include intellectual property rights, software, customer relationships, technology, memberships and others. (iv) Subsequent costs Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific intangible asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognized in profit or loss as incurred. (v) Amortization Amortization is calculated on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The residual value of intangible assets is zero. However, as there are no foreseeable limits to the periods over which condominium and golf club memberships are expected to be available for use, these intangible assets are regarded as having indefinite useful lives and not amortized. Estimated useful lives (years) Intellectual property rights 5, 10 Rights to use electricity, water and gas supply facilities 10 Software 4 Customer relationships 7, 10 Technology 10 Development costs (*) Condominium and golf club memberships Not amortized (*) Capitalized development costs are amortized over the useful life considering the life cycle of the developed products. Amortization of capitalized development costs is recognized in research and development expenses in the consolidated statement of comprehensive income. Amortization periods and the amortization methods for intangible assets with finite useful lives are reviewed at each financial year-end. |
Impairment | (k) Impairment (i) Financial assets Financial instruments and contract assets: Policy applicable from January 1, 2018 The Group recognizes loss allowance for financial assets measured at amortized cost and debt investments at FVOCI at the ‘expected credit loss’ (ECL). The Group recognizes a loss allowance for the life-time expected credit losses except for following, which are measured at 12-month • debt securities that are determined to have low credit risk at the reporting date; and • other debt securities and bank securities for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both qualitative and quantitative information and analysis, based on the Group’s historical experience and informed credit assessment including forward-looking information. Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument. 12-month The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. Estimation of expected credit losses: Policy applicable from January 1, 2018 Expected credit losses are a probability-weighted estimate of credit losses (i.e. the present value of all cash shortfalls) over the expected life of the financial instrument. Credit losses are measured using the present value of a cash shortfall (the difference between the contractual cash flows and the expected contractual cash flows). The expected credit losses are discounted using effective interest rate of the financial assets. Credit-impaired financial assets: Policy applicable from January 1, 2018 At each reporting period-end, Evidence that a financial asset is credit-impaired includes the following observable data: • significant financial difficulty of the issuer or the borrower; • the restructuring of a loan or advance by the Group on terms that the Group would not consider otherwise; • it is probable that the borrower will enter bankruptcy or other financial reorganization; or • the disappearance of an active market for a security because of financial difficulties; Presentation of loss allowance for ECL in the statement of financial position: Policy applicable from January 1, 2018 Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. For debt securities at FVOCI, the loss allowance is charged to profit or loss and is recognized in OCI. Write-off: 1, 2018 The gross carrying amount of a financial asset is written off when the Group has no reasonable expectations for recovering a financial asset in its entirety or a portion thereof. The Group assess whether there are reasonable expectations of recovering the contractual cash flows from customers and individually assess the timing and amount of write-off. written-off. Non-derivative financial assets: Policy applicable before January 1, 2018 Financial assets not classified as at FVTPL were assessed at each reporting date to determine whether there was objective evidence of impairment. Objective evidence that financial assets were impaired included: • default or delinquency by a debtor; • restructuring of an amount due to the Group on terms that the Group would not consider otherwise • indications that a debtor or issuer would enter bankruptcy • adverse changes in the payment status of borrowers or issuers; • the disappearance of an active market for a security because of financial difficulties • observable data indicating that there was measurable decrease in the expected cash flows from a group of financial assets. For an investment in an equity instrument, objective evidence of impairment include a significant or prolonged decline in its fair value below its cost. Financial assets at amortized cost The Group considered evidence of impairment for these assets at both collective level and individual asset. All individual significant assets were individually assessed for impairment. Those found not to be impaired were then collectively assessed for any impairment that had been incurred but not yet individually identified. Assets that were not individually significant were collectively assessed for impairment. Collective assessment was carried out by grouping together assets with similar risk characteristics. In assessing collective impairment, the Group used historical information on the timing of recoveries and the amount of loss incurred and made an adjustment if current economic and credit conditions were such that the actual losses were likely to be greater or lesser than suggested by historical trends. An impairment loss was calculated as the difference between an asset’s carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. Losses were recognized in profit or loss and reflected in an allowance account. For financial assets such as equity instruments which the carrying amount would be the cost, the impairment loss is the difference between the carrying value and the present value of estimated future cash receipts of a similar financial instruments discounted at current market rate. The impairment loss is recognized as profit and losses and would be not reversed as profit and losses. Available-for-sale financial assets For the financial assets classified as available-for-sale If the fair value of an impaired available-for-sale available-for-sale (ii) Non-financial The carrying amounts of the Group’s non-financial For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash-generating unit”, or “CGU”). The recoverable amount of an asset or cash-generating unit is determined as the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. Goodwill acquired in a business combination is allocated to CGUs that are expected to benefit from the synergies of the combination. Impairment losses recognized in respect of a CGU are allocated first to reduce the carrying amount of any goodwill allocated to the unit, and then to reduce the carrying amounts of the other assets in the unit on a pro rata basis. In respect of other assets, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of accumulated depreciation or amortization, if no impairment loss had been recognized. An impairment loss in respect of goodwill is not reversed. |
Provisions | (l) Provisions A provision is recognized if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. The risks and uncertainties that inevitably surround events and circumstances are taken into account in reaching the best estimate of a provision. Where the effect of the time value of money is material, provisions are determined at the present value of the expected future cash flows. The unwinding of the discount is recognized as finance cost. Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources embodying economic benefits will be required to settle the obligation, the provision is reversed. The Group recognizes a liability for warranty obligations based on the estimated costs expected to be incurred under its basic limited warranty. This warranty covers defective products and is normally applicable for eighteen months from the date of purchase. These liabilities are accrued when product revenues are recognized. Factors that affect the Group’s warranty liability include historical and anticipated rates of warranty claims on those repairs and cost per claim to satisfy the Group’s warranty obligation. Warranty costs primarily include raw materials and labor costs. As these factors are impacted by actual experience and future expectations, management periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Accrued warranty obligations are included in the current and non-current Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources, are recorded when it is probable that a liability has been incurred and the amount of the assessment and/or remediation can be reasonably estimated. |
Non-current Assets Held for Sale | (m) Non-current Non-current held-for-sale non-current held-for-sale The Group does not depreciate a non-current |
Employee Benefits | (n) Employee Benefits (i) Short-term employee benefits Short-term employee benefits that are due to be settled within twelve months after the end of the period in which the employees render the related service are recognized in profit or loss on an undiscounted basis. The expected cost of profit-sharing and bonus plans and others are recognized when the Group has a present legal or constructive obligation to make payments as a result of past events and a reliable estimate of the obligation can be made. (ii) Other long-term employee benefits The Group’s net obligation in respect of long-term employee benefits other than pension plans is the amount of future benefit that employees have earned in return for their service in the current and prior periods. (iii) Defined contribution plan A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution pension plans are recognized as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. (iv) Defined benefit plan A defined benefit plan is a post-employment benefit plan other than defined contribution plans. The Group’s net obligation in respect of its defined benefit plan is calculated by estimating the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value. The fair value of any plan assets is deducted. The calculation is performed annually by an independent actuary using the projected unit credit method. The discount rate is the yield at the reporting date on high quality corporate bonds that have maturity dates approximating the terms of the Group’s obligations and that are denominated in the same currency in which the benefits are expected to be paid. The Group recognizes all actuarial gains and losses arising from defined benefit plans in retained earnings immediately. The Group determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then-net When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognized immediately in profit or loss. The Group recognizes gains and losses on the settlement of a defined benefit plan when the settlement occurs. (v) Termination benefits The Group recognizes expense for termination benefits at the earlier of the date when the entity can no longer withdraw the offer of those benefits and when the entity recognizes costs for a restructuring that is within the scope of IAS 37 and involves the payment of termination benefits. If the termination benefits are not expected to be settled wholly before twelve months after the end of the annual reporting period, the Group measures the termination benefit with present value of future cash payments. |
Revenue from contracts with customers | (o) Revenue from contracts with customers Revenue from the sale of goods in the course of ordinary activities is measured at the fair value of the consideration received or receivable, net of estimated returns, earned trade discounts, volume rebates and other cash incentives paid to customers. The Group has initially applied IFRS 15 from January 1, 2018 and recognized revenue according to the 5 stage revenue recognition model (①Identifying the contract →② Identifying performance obligation →③ Determining transaction price →④ Allocating the transaction price to performance obligation →⑤ Recognition of revenue at performance of obligation). The Group generates revenue primarily from sales of display panels to customer. Product revenue is recognized when the customer obtains control over the products, which typically occurs upon shipment or delivery depending on the terms of the contracts with the customers. The Group includes return option in the sales contract of display panels to its customers thus the consideration received from the customer is subject to change. The Group has recognized the expected return amount of gross revenue as warranty provision until previous financial year. After applying the IFRS 15 “Revenue from contracts with customers”, the Group estimates an amount of variable consideration by using the expected value method which the Group expects to better predict the amount of consideration. The Group includes in the transaction price some or all of an amount of variable consideration estimated only to the extent that it is highly probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The Group recognizes a refund liability and an asset for its right to recover products from customers if the Group receives consideration from a customer and expects to refund some or all of that consideration to the customer. Sales taxes collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from revenues in the consolidated statements of comprehensive income. |
Operating Segments | (p) Operating Segments An operating segment is a component of the Group that: 1) engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with other components of the group, 2) whose operating results are reviewed regularly by the Group’s chief operating decision maker (“CODM”) in order to allocate resources and assess its performance, and 3) for which discrete financial information is available. Management has determined that the CODM of the Group is the Board of Directors. The CODM does not receive and therefore does not review discrete financial information for any component of the Group. Consequently, no operating segment information is included in these consolidated financial statements. Entity wide disclosures of geographic and product revenue information are provided in note 17 to these consolidated financial statements. |
Finance Income and Finance Costs | (q) Finance Income and Finance Costs Finance income comprises interest income on funds invested (including debt instruments measured at FVOCI), dividend income, gains on the disposal of debt instruments measured at FVOCI, changes in the fair value of financial assets at FVTPL, and gains on hedging instruments that are recognized in profit or loss. Interest income is recognized as it accrues in profit or loss, using the effective interest method. Dividend income is recognized in profit or loss on the date that the Group’s right to receive payment is established. Finance costs comprise interest expense on borrowings, unwinding of the discount on provisions, gain and losses from financial assets measured at FVTPL, impairment losses recognized on financial assets, and losses on hedging instruments that are recognized in profit or loss. Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset are capitalized as part of the cost of that asset. |
Income Tax | (r) Income Tax Income tax expense comprises current and deferred tax. Current tax and deferred tax are recognized in profit or loss except to the extent that it relates to a business combination, or items recognized directly in equity or in other comprehensive income. (i) Current tax Current tax is the expected tax payable or receivable on the taxable profit or loss for the year, using tax rates enacted or substantively enacted at the reporting date and any adjustment to tax payable in respect of previous years. The taxable profit is different from the accounting profit for the period since the taxable profit is calculated excluding the temporary differences, which will be taxable or deductible in determining taxable profit (tax loss) of future periods, and non-taxable non-deductible (ii) Deferred tax Deferred tax is recognized, using the liability method, in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and deferred tax assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. However, deferred tax is not recognized for taxable temporary differences arising on the initial recognition of goodwill. The Group recognizes a deferred tax liability for all taxable temporary differences associated with investments in subsidiaries, associates, and interests in joint ventures, except to the extent that the Group is able to control the timing of the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. A deferred tax asset is recognized for all deductible temporary differences to the extent that it is probable that the differences relating to investments in subsidiaries, associates and joint ventures will reverse in the foreseeable future and taxable profit will be available against which the temporary difference can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized. The Group offsets deferred tax assets and deferred tax liabilities if, and only if the Group has a legally enforceable right to set off current tax assets against current tax liabilities and the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously. |
Earnings Per Share | (s) Earnings Per Share The Controlling Company presents basic and diluted earnings per share (“EPS”) data for its common stocks. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Controlling Company by the weighted average number of common stocks outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of common stocks outstanding, adjusted for the effects of all dilutive potential common stocks such as convertible bonds and others. |
New Standards and Amendments Not Yet Adopted | (t) New Standards and Amendments Not Yet Adopted The following new standards and amendments to existing standards have been published and are mandatory for the Group for annual periods beginning after January 1, 2018, and the Group has not early adopted them. (i) IFRS 16, Leases IFRS 16, Leases Leases Determining whether an Arrangement contains a Lease SIC-15, Operating Leases—Incentives SIC-27, valuating the Substance of Transactions Involving the Legal Form of a Lease IFRS 16, Leases on-balance right-of-use Previously, the Group recognized operating lease expense on a straight-line basis over the term of the lease. The nature of expenses related to those leases will now change because the Group will recognize a depreciation charge for right-of-use No significant impact is expected for the Group’s finance lease. A lessee may apply the IFRS 16 to its leases either: • Retrospectively to each prior reporting period presented • Retrospectively with the cumulative effect of initially applying the Standard recognized at the date of initial application A lessee shall apply the election consistently to all of its lease in which it is a lessee. The Group will apply IFRS 16 initially on January 1, 2019, using the modified retrospective approach. Therefore, the cumulative effect of adopting IFRS 16 will be recognized as an adjustment to the opening balance of retained earnings at January 1, 2019, with no restatement of comparative information. A lessee may use various practical expedients when applying IRFS 16 retrospectively to leases previously classified as operating leases applying IAS 17. Based on the Group’s assessment on the impact of the adoption, the right-of-use (ii) Other standards The following amended standards and interpretations are not expected to have a significant impact on the Group’s financial statements. • IFRIC 23, Uncertainty over Tax Treatments • IFRS 9, Prepayment Features with Negative Compensation • IAS 28 , Long-term Interests in Associates and Joint Ventures • IAS 19, Plan Amendment, Curtailment or Settlement • Amendments to References to Conceptual Framework in IFRS Standards |
Reporting Entity (Tables)
Reporting Entity (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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Summary of Consolidated Subsidiaries | (b) Consolidated Subsidiaries as of December 31, 2018 (In millions) Subsidiaries Location Percentage Fiscal year end Date of Business Capital stocks LG Display America, Inc. San Jose, U.S.A. 100% December 31 September 24, 1999 Sell Display products USD 411 LG Display Germany GmbH Eschborn, Germany 100% December 31 November 5, 1999 Sell Display products EUR 1 LG Display Japan Co., Ltd. Tokyo, Japan 100% December 31 October 12, 1999 Sell Display products JPY 95 LG Display Taiwan Co., Ltd. Taipei, Taiwan 100% December 31 April 12, 1999 Sell Display products NTD 116 LG Display Nanjing Co., Ltd. Nanjing, China 100% December 31 July 15, 2002 Manufacture Display products CNY 3,020 LG Display Shanghai Co., Ltd. Shanghai, China 100% December 31 January 16, 2003 Sell Display products CNY 4 LG Display Poland Sp. z o.o. Wroclaw, Poland 100% December 31 September 6, 2005 Manufacture Display products PLN 511 LG Display Guangzhou Co., Ltd. Guangzhou, China 100% December 31 June 30, 2006 Manufacture Display products CNY 1,655 LG Display Shenzhen Co., Ltd. Shenzhen, China 100% December 31 August 28, 2007 Sell Display products CNY 4 LG Display Singapore Pte. Ltd. Singapore 100% December 31 January 12, 2009 Sell Display products USD 1.1 L&T Display Technology (Fujian) Limited Fujian, China 51% December 31 January 5, 2010 Manufacture and sell LCD module and LCD monitor sets CNY 116 LG Display Yantai Co., Ltd. Yantai, China 100% December 31 April 19, 2010 Manufacture Display products CNY 1,008 Nanumnuri Co., Ltd. Gumi, South Korea 100% December 31 March 21, 2012 Janitorial services KRW 800 LG Display (China) Co., Ltd. Guangzhou, China 70% December 31 December 10, 2012 Manufacture and sell Display products CNY 8,232 Unified Innovative Technology, LLC Wilmington, U.S.A. 100% December 31 March 12, 2014 Manage intellectual property USD 9 LG Display Guangzhou Trading Co., Ltd. Guangzhou, China 100% December 31 April 28, 2015 Sell Display products CNY 1.2 Global OLED Technology, LLC Herndon, U.S.A. 100% December 31 December 18, 2009 Manage OLED intellectual property USD 138 LG Display Vietnam Haiphong Co., Ltd.(*1) Haiphong Vietnam 100% December 31 May 5, 2016 Manufacture Display products USD 300 Suzhou Lehui Display Co., Ltd. Suzhou, China 100% December 31 July 1, 2016 Manufacture and sell LCD module and LCD monitor sets CNY 637 LG DISPLAY FUND I LLC(*2) Wilmington, U.S.A. 100% December 31 May 1, 2018 Invest in venture business and obtain technologies USD 2 LG Display High-Tech (China) Co., Ltd.(*3) Guangzhou, China 69% December 31 July 11, 2018 Manufacture Display products CNY 6,517 Money Market Trust(*4) Seoul, South Korea 100% December 31 — Money market trust KRW 24,501 (*1) For the year ended December 31, 2018, the Controlling Company contributed W (*2) For the year ended December 31, 2018, the Controlling Company established LG DISPLAY FUND I LLC in Wilmington, U.S.A. to invest in venture business and the Controlling Company has a 100% equity interest of this subsidiary. (*3) For the year ended December 31, 2018, the Controlling Company established LG Display High-Tech (China) Co., Ltd. in Guangzhou China to manufacture Display products and the Group has a 69% equity interest of this subsidiary. (*4) For the year ended December 31, 2018, the Controlling Company acquired and disposed interests in Money Market Trust (“MMT”) and the MMT amount as of December 31, 2018 is W |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Changes in Each Class of Financial Assets from Original Measurement Categories under IAS39 to Measurement Categories under IFRS 9 | The adoption IFRS 9 has not had a significant effect on the Group’s accounting policies related to financial liabilities and derivative financial instruments. The following table below explains the original measurement categories under IAS 39 and the changes in measurement categories under IFRS 9 for each class of the Group’s financial assets as at January 1, 2018. ( In millions of won ) Classification under IAS 39 Classification IFRS 9 Carrying amount IAS 39 Carrying amount IFRS 9 Difference Financial assets Cash and cash equivalents Loans and receivables Amortized cost W 2,602,560 2,602,560 — Deposits Loans and receivables Amortized cost 758,089 758,089 — Trade receivables Loans and receivables Amortized cost 4,325,120 4,325,120 — Other receivables Loans and receivables Amortized cost 173,565 173,565 — Debt instrument Available-for-sale FVOCI-debt 162 162 — Equity instrument Available-for-sale Mandatorily at FVTPL 4,980 4,980 — Convertible bonds Designated as at Mandatorily at 1,552 1,552 — Derivatives Designated as at Mandatorily at 842 842 — Others Loans and receivables Amortized cost 79,552 79,552 — Total financial assets W 7,946,422 7,946,422 — |
Schedule of Effect on Application of IFRS 15 on Group's Consolidated Statement of Financial Position | The effect of the application of IFRS 15 on the Group’s consolidated statement of financial position as of December 31, 2018 is as follows. There is no significant impact on the consolidated statement of comprehensive income and the cash flows for the year ended December 31, 2018. (In millions of won) Categories As reported Adjustments Amounts without Current Assets Other current assets W 546,048 (7,489 ) 538,559 Current Liabilities Provisions W 98,254 (7,489 ) 90,765 |
Estimated Useful Lives of Property, Plant and Equipment | Estimated useful lives of the assets are as follows: Useful lives (years) Buildings and structures 20, 40 Machinery 4, 5 Furniture and fixtures 4 Equipment, tools and vehicles 2, 4, 12 |
Schedule of Impact on Depreciation Expense of Property Plant and Equipment and Newly Acquired Property Plant and Equipment | The impact on the depreciation expense of the property, plant and equipment at the beginning of January 1, 2018 and newly acquired property, plant and equipment during the year ended December 31, 2018 are as follows: (In millions of won) Description 2018 2019 2020 Increase (decrease) in depreciation expense W (110,373 ) 58,364 52,009 |
Estimated Useful Lives of Intangible Assets, Other Than Goodwill | Estimated useful lives (years) Intellectual property rights 5, 10 Rights to use electricity, water and gas supply facilities 10 Software 4 Customer relationships 7, 10 Technology 10 Development costs (*) Condominium and golf club memberships Not amortized (*) Capitalized development costs are amortized over the useful life considering the life cycle of the developed products. Amortization of capitalized development costs is recognized in research and development expenses in the consolidated statement of comprehensive income. |
Cash and Cash Equivalents and_2
Cash and Cash Equivalents and Deposits in Banks (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents and Deposits in Banks | Cash and cash equivalents and deposits in banks as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current assets Cash and cash equivalents Demand deposits W 2,602,560 2,365,022 Deposits in banks Time deposits W 685,238 4,318 Restricted cash(*) 72,840 74,082 W 758,078 78,400 Non-current Deposits in banks Restricted cash(*) W 11 11 W 3,360,649 2,443,433 (*) Restricted cash includes mutual growth fund to aid LG Group’s second and third-tier suppliers, pledge to enforce investment plans according to the receipt of subsidies from Gumi city and Gyeongsangbuk- do and others. |
Receivables and Other Assets (T
Receivables and Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Trade Accounts and Notes Receivable | (a) Trade accounts and notes receivable as of December 31, 2017 and December 31, 2018 are as follows: ( In millions of won December 31, 2017 December 31, 2018 Trade, net W 3,275,902 2,305,368 Due from related parties 1,049,218 523,795 W 4,325,120 2,829,163 |
Summary of Other Accounts Receivable | (b) Other accounts receivable as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current assets Non-trade W 150,554 159,238 Accrued income 14,273 10,075 W 164,827 169,313 Non-current assets Long-term non-trade 8,738 11,448 W 173,565 180,761 |
Aging of Trade Accounts and Notes Receivable, Other Accounts Receivable and Long-term Non-trade Receivable | (c) The aging of trade accounts and notes receivable, and other accounts receivable as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 Book value Impairment loss Trade accounts and notes receivable Other accounts receivable Trade accounts and notes receivable Other accounts receivable Not past due W 4,323,465 173,493 (1,631 ) (905 ) Past due 1-15 2,652 488 (1 ) (3 ) Past due 16-30 days 631 65 — (1 ) Past due 31-60 — 208 — (2 ) Past due more than 60 days 4 622 — (400 ) W 4,326,752 174,876 (1,632 ) (1,311 ) (In millions of won) December 31, 2018 Book value Impairment loss Trade accounts and notes receivable Other accounts receivable Trade accounts and notes receivable Other accounts receivable Not past due W 2,807,598 177,689 (473 ) (816 ) Past due 1-15 21,558 3,148 (4 ) (26 ) Past due 16-30 days 454 441 — (4 ) Past due 31-60 30 96 — (1 ) Past due more than 60 days — 668 — (434 ) W 2,829,640 182,042 (477 ) (1,281 ) |
Movement in Allowance for Impairment in Respect of Trade Accounts and Notes Receivable, Other Accounts Receivable | The movement in the allowance for impairment in respect of trade accounts and notes receivable and other accounts receivable for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) Trade accounts and notes receivable 2016 2017 2018 Balance at the beginning of the year W 1,507 1,488 1,632 (Reversal of) bad debt expense (19 ) 144 (1,155 ) Balance at the end of the year W 1,488 1,632 477 (In millions of won) Other accounts receivable 2016 2017 2018 Balance at the beginning of the year W 618 1,116 1,311 (Reversal of) bad debt expense 498 195 (30 ) Balance at the end of the year W 1,116 1,311 1,281 |
Summary of Other Assets | (d) Other assets as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current assets Advance payments W 7,973 13,259 Prepaid expenses 83,626 89,110 Value added tax refundable 148,351 436,190 Emission rights 1,978 — Right to recover returned goods(*) — 7,489 W 241,928 546,048 Non-current Long-term prepaid expenses W 394,759 381,983 (*) As a result from the initial application of IFRS 15, the Group recognized an asset for right to recover goods returned by the customer. |
Other Financial Assets (Tables)
Other Financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Financial Assets | (a) Other financial assets as of December 31, 2017 are as follows: (In millions of won) December 31, 2017 Current assets Available-for-sale Debt instrument Government bonds W 6 Deposits 10,480 Short-term loans 16,766 W 27,252 Non-current Financial asset at fair value through profit or loss W 1,552 Available-for-sale Government bonds W 156 Equity instrument Intellectual Discovery, Ltd. W 729 Kyulux, Inc. 1,968 ARCH Venture Fund Vill, LP. 2,283 W 4,980 Deposits W 19,898 Long-term loans 32,408 Derivatives(*) 842 W 59,836 (*) Represents interest rate swap contracts related to borrowings with variable interest rate. (b) Other financial assets as of December 31, 2018 are as follows: (In millions of won) December 31, 2018 Current assets Financial asset at fair value through profit or loss Derivatives(*) W 13,059 Financial asset at fair value through other comprehensive income Debt instrument Government bonds W 106 Financial asset carried at amortized cost Deposits W 17,020 Short-term loans 16,116 W 46,301 Non-current Financial asset at fair value through profit or loss Equity instrument Intellectual Discovery, Ltd. W 4,598 Kyulux, Inc. 2,460 Fineeva Co., Ltd. 286 ARCH Venture Fund Vill, L.P. 6,337 W 13,681 Convertible bonds W 1,327 Financial asset at fair value through other comprehensive income Debt instrument Government bonds W 55 Financial asset carried at amortized cost Deposits W 74,103 Long-term loans 55,048 W 144,214 (*) Represents exchange rate swap contracts related to foreign currency denominated borrowings and bonds. |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Inventories | Inventories at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Finished goods W 965,643 1,084,297 Work-in-process 748,592 856,388 Raw materials 344,997 554,720 Supplies 290,852 195,798 W 2,350,084 2,691,203 |
Inventories Recognized as Cost of Sales and Inventory Write-downs Included in Cost of Sales | (In millions of won) 2016 2017 2018 Inventories recognized as cost of sales W 22,754,270 22,424,661 21,251,305 Including: inventory write-downs 204,123 206,127 313,180 |
Investments in Equity Account_2
Investments in Equity Accounted Investees (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Summary of Consolidated Associates | (a) Associates at the reporting date are as follows: (In millions of won) Associates Location Fiscal year end Date of Business 2017 2018 Percentage Carrying amount Percentage Carrying amount Paju Electric Glass Co., Ltd. Paju, South Korea December 31 January 2005 Manufacture electric glass for FPDs 40% W 40% W INVENIA Co., Ltd. Seongnam, South Korea December 31 January 2001 Develop and manufacture equipment for FPDs 13 2,887 13 4,166 WooRee E&L Co., Ltd.(*1) Ansan, South Korea December 31 June 2008 Manufacture LED back light unit packages 14 7,270 14 4,746 LB Gemini New Growth Fund No. 16(*2) Seoul, South Korea December 31 December 2009 Invest in small and middle sized companies and benefit from M&A opportunities 31 5,910 — — YAS Co., Ltd. Paju, South Korea December 31 April 2002 Develop and manufacture deposition equipment for OLEDs 15 15,888 15 16,308 AVATEC Co., Ltd. Daegu, South Korea December 31 August 2000 Process and sell electric glass for FPDs 17 23,732 17 23,441 Arctic Sentinel, Inc. Los Angeles, U.S.A. March 31 June 2008 Develop and manufacture tablet for kids 10 — 10 — (In millions of won) Associates Location Fiscal year end Date of Business 2017 2018 Percentage of ownership Carrying amount Percentage of Carrying amount CYNORA GmbH(*3) Bruchsal, Germany December 31 March 2003 Develop organic emitting materials for displays and lighting devices 14% W 14% W Material Science Co., Ltd.(*4) Seoul, South Korea December 31 January 2014 Develop, manufacture, and sell materials for display — — 10 3,346 Nanosys Inc.(*5) Milpitas, U.S.A. December 31 July 2001 Develop, manufacture, and sell materials for display — — 4 5,491 W W Although the Controlling Company’s share interests in INVENIA Co., Ltd., WooRee E&L Co., Ltd., YAS Co., Ltd., AVATEC Co., Ltd., Arctic Sentinel, Inc., Cynora GmbH, Material Science Co., Ltd. and Nanosys Inc. are below 20% as of December 31, 2018, the Controlling Company is able to exercise significant influence through its right to appoint a director to the board of directors of each investee. Accordingly, the investments in these investees have been accounted for using the equity method. (*1) The Controlling Company recognized a reversal of impairment loss of W (*2) In 2018, the LB Gemini New Growth Fund No.16 (“the Fund”) which the Controlling Company was a member of a limited partnership, was approved to be dissolve at the general meeting and completed liquidation. In 2018, the Controlling Company received W W (*3) In 2018, the Controlling Company determined investments in CYNORA GmbH irrecoverable and accordingly recognized an impairment loss of W (*4) In March 2018, the Controlling Company invested W W (*5) In May 2018, the Controlling Company invested W W . |
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, 2017 and 2018 are as follows: (In millions of won) 2017 Company January 1 Acquisition/ Disposal Dividends Equity income Other Other December 31 Associates Paju Electric Glass Co., Ltd. W 52,750 — (8,109 ) 5,617 (3,747 ) — 46,511 Others 119,933 (48,209 ) (530 ) 3,943 5,093 (4,234 ) 75,996 W 172,683 (48,209 ) (8,639 ) 9,560 1,346 (4,234 ) 122,507 (In millions of won) 2018 Company January 1 Acquisition/ Disposal Dividends Equity income Other Other 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 |
Paju Electric Glass Co., Ltd. [member] | |
Statement [LineItems] | |
Summary of Financial Information of Significant Associates | (b) Summary of financial information of the significant associate as of December 31, 2017 and 2018 and for the years ended December 31, 2016, 2017 and 2018 are as follows: (i) Paju Electric Glass Co., Ltd. ( In millions of won ) December 31, 2017 December 31, 2018 Total assets W 193,584 194,021 Current assets 146,702 128,788 Non-current 46,882 65,233 Total liabilities 77,174 72,686 Current liabilities 71,973 66,797 Non-current 5,201 5,889 (In millions of won) 2016 2017 2018 Revenue W 549,559 408,846 384,144 Profit for the year 21,082 12,327 12,744 Other comprehensive income (loss) 16,477 (9,366 ) 2,612 Total comprehensive income 37,559 2,961 15,356 |
Suzhou Raken Technology Co., Ltd. [member] | |
Statement [LineItems] | |
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, 2017 and 2018 is as follows: (i) As of December 31, 2017 (In millions of won) Company Net asset Ownership Net asset Goodwill Intra-group Book Paju Electric Glass Co., Ltd. W 116,410 40 % 46,564 — (53 ) 46,511 (ii) As of December 31, 2018 (In millions of won) Company Net asset Ownership Net asset Goodwill Intra-group Book Paju Electric Glass Co., Ltd. W 121,335 40 % 48,534 — (711 ) 47,823 |
Other joint venture and associates, in aggregate [member] | |
Statement [LineItems] | |
Summary of Financial Information of Significant Associates | (d) Book value of other associates, in aggregate, as of December 31, 2017 and 2018 is as follows: (i) As of December 31, 2017 (In millions of won) Book value Net profit of associates (applying ownership Profit for Other Total Other associates W 75,996 3,943 5,093 9,036 (ii) As of December 31, 2018 (In millions of won) Book value Net profit (loss) of associates (applying ownership Profit (loss) Other Total Other associates W 66,166 (3,739 ) (988 ) (4,727 ) |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Changes in Property, Plant and Equipment | (a) Changes in property, plant and equipment for the year ended December 31, 2017 are as follows: (In millions of won) Land Buildings Machinery and equipment Furniture and fixtures Construction- in-progress (*1) Others Total Acquisition cost as of January 1, 2017 W 461,484 6,284,778 37,472,177 775,682 2,981,964 202,306 48,178,391 Accumulated depreciation as of January 1, 2017 — (2,397,967 ) (32,947,359 ) (651,424 ) — (146,251 ) (36,143,001 ) Accumulated impairment loss as of January 1, 2017 — (1,651 ) (2,290 ) — — — (3,941 ) Book value as of January 1, 2017 W 461,484 3,885,160 4,522,528 124,258 2,981,964 56,055 12,031,449 Additions — — — — 7,272,476 — 7,272,476 Depreciation — (295,045 ) (2,416,202 ) (66,963 ) — (13,673 ) (2,791,883 ) Disposals (1,042 ) (7,206 ) (75,275 ) (52 ) — (3,133 ) (86,708 ) Others(*2) 69 339,640 3,825,155 87,186 (4,270,210 ) 18,160 — Effect of movements in exchange rates — (63,222 ) (140,306 ) (3,087 ) (14,213 ) (687 ) (221,515 ) Government grants received — (548 ) (3,150 ) — 1,839 — (1,859 ) Book value as of December 31, 2017 W 460,511 3,858,779 5,712,750 141,342 5,971,856 56,722 16,201,960 Acquisition cost as of December 31, 2017 W 460,511 6,539,506 38,901,158 772,824 5,971,856 205,475 52,851,330 Accumulated depreciation as of December 31, 2017 W — (2,678,970 ) (33,186,118 ) (631,482 ) — (148,753 ) (36,645,323 ) Accumulated impairment loss as of December 31, 2017 W — (1,757 ) (2,290 ) — — — (4,047 ) (*1) As of December 31, 2017, construction-in-progress mainly relates to construction of manufacturing facilities. (*2) Others are mainly amounts transferred from construction-in-progress. (b) Changes in property, plant and equipment for the year ended December 31, 2018 are as follows: (In millions of won) Land Buildings Machinery and equipment Furniture and fixtures Construction- in-progress (*1) Others Total Acquisition cost as of January 1, 2018 W 460,511 6,539,506 38,901,158 772,824 5,971,856 205,475 52,851,330 Accumulated depreciation as of January 1, 2018 — (2,678,970 ) (33,186,118 ) (631,482 ) — (148,753 ) (36,645,323 ) Accumulated impairment loss as of January 1, 2018 — (1,757 ) (2,290 ) — — — (4,047 ) Book value as of January 1, 2018 W 460,511 3,858,779 5,712,750 141,342 5,971,856 56,722 16,201,960 Additions — — — — 8,605,551 — 8,605,551 Depreciation — (318,311 ) (2,568,335 ) (67,274 ) — (169,739 ) (3,123,659 ) Disposals (15 ) (161 ) (112,752 ) (311 ) — (2,971 ) (116,210 ) Impairment loss — — (25,711 ) — (17,890 ) — (43,601 ) Others(*2) 1,332 55,430 1,959,645 68,177 (2,357,412 ) 380,278 107,450 Effect of movements in exchange rates — 9,809 14,520 359 15,010 312 40,010 Government grants received — — (1,029 ) — (181 ) — (1,210 ) Reclassification to assets held-for-sale — (69,758 ) (1 ) (37 ) — (365 ) (70,161 ) Book value as of December 31, 2018 W 461,828 3,535,788 4,979,087 142,256 12,216,934 264,237 21,600,130 Acquisition cost as of December 31, 2018 W 461,828 6,528,939 39,825,070 834,628 12,234,824 633,220 60,518,509 Accumulated depreciation as of December 31, 2018 W — (2,991,445 ) (34,817,982 ) (692,372 ) — (368,893 ) (38,870,782 ) Accumulated impairment loss as of December 31, 2018 W — (1,706 ) (28,001 ) — (17,890 ) — (47,597 ) (*1) As of December 31, 2018, construction-in-progress mainly relates to construction of manufacturing facilities. (*2) Others are mainly amounts transferred from construction-in-progress. |
Capitalized Borrowing Costs and Capitalization Rate | (c) Capitalized borrowing costs and capitalization rate for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Capitalized borrowing costs W 16,909 47,686 146,607 Capitalization rate 2.91 % 1.92 % 2.80 % |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Changes in Intangible Assets | (a) Changes in intangible assets for the year ended December 31, 2017 are as follows: (In millions of won) Intellectual property Software Member- Development Construction- in-progress Customer relationships Technology Good-will(*2) Others (*3) Total Acquisition cost as of January 1, 2017 W 904,664 806,835 51,564 1,433,791 18,738 59,176 11,074 110,072 13,077 3,408,991 Accumulated amortization as of January 1, 2017 (618,398 ) (661,063 ) — (1,177,451 ) — (26,678 ) (7,382 ) — (13,071 ) (2,504,043 ) Accumulated impairment loss as of January 1, 2017 — — (10,011 ) — — — — — — (10,011 ) Book value as of January 1, 2017 W 286,266 145,772 41,553 256,340 18,738 32,498 3,692 110,072 6 894,937 Additions - internally developed — — — 336,207 — — — — — 336,207 Additions - external purchases 22,746 — 4,819 — 108,761 — — — — 136,326 Amortization(*1) (42,195 ) (78,939 ) — (295,787 ) — (4,659 ) (1,108 ) — (5 ) (422,693 ) Disposals (4 ) — (1,392 ) — — — — — — (1,396 ) Impairment loss — — (1,809 ) — — — — — — (1,809 ) Reversal of impairment loss — — 35 — — — — — — 35 Transfer from construction-in-progress — 98,989 — — (98,989 ) — — (3,218 ) — (3,218 ) Effect of movements in exchange rates (19,847 ) (4,332 ) (6 ) — 2,423 — — (3,806 ) — (25,568 ) Book value as of December 31, 2017 W 246,966 161,490 43,200 296,760 30,933 27,839 2,584 103,048 1 912,821 Acquisition cost as of December 31, 2017 W 895,721 898,278 54,985 1,769,998 30,933 59,176 11,074 103,048 13,077 3,836,290 Accumulated amortization as of December 31, 2017 W (648,755 ) (736,788 ) — (1,473,238 ) — (31,337 ) (8,490 ) — (13,076 ) (2,911,684 ) Accumulated impairment loss as of December 31, 2017 W — — (11,785 ) — — — — — — (11,785 ) (*1) The Group has classified the amortization as manufacturing overhead costs, selling expenses, administrative expenses and research and development expenses. (*2) As of December 31, 2017, the book value of goodwill decreased by W (*3) Others mainly consist of rights to use electricity and gas supply facilities. (b) Changes in intangible assets for the year ended December 31, 2018 are as follows: (In millions of won) Intellectual property Software Member- Development Construction- in-progress Customer relationships Technology Good- will Others (*2) Total Acquisition cost as of January 1, 2018 W 895,721 898,278 54,985 1,769,998 30,933 59,176 11,074 103,048 13,077 3,836,290 Accumulated amortization as of January 1, 2018 (648,755 ) (736,788 ) — (1,473,238 ) — (31,337 ) (8,490 ) — (13,076 ) (2,911,684 ) Accumulated impairment loss as of January 1, 2018 — — (11,785 ) — — — — — — (11,785 ) Book value as of January 1, 2018 W 246,966 161,490 43,200 296,760 30,933 27,839 2,584 103,048 1 912,821 Additions - internally developed — — — 372,835 — — — — — 372,835 Additions - external purchases 24,596 — 2,844 — 100,820 — — — — 128,260 Amortization(*1) (43,437 ) (80,159 ) — (302,685 ) — (3,517 ) (1,107 ) — (1 ) (430,906 ) Disposals — — (721 ) — — — — — — (721 ) Impairment loss — — (82 ) — — — — — — (82 ) Reversal of impairment loss — — 348 — — — — — — 348 Transfer from construction-in-progress — 95,028 449 — (95,028 ) — — — — 449 Effect of movements in exchange rates 1,896 1,240 1 — 238 — — 1,263 — 4,638 Book value as of December 31, 2018 W 230,021 177,599 46,039 366,910 36,963 24,322 1,477 104,311 — 987,642 Acquisition cost as of December 31, 2018 W 926,969 992,139 57,560 2,142,832 36,963 59,176 11,075 104,311 13,077 4,344,102 Accumulated amortization as of December 31, 2018 W (696,948 ) (814,540 ) — (1,775,922 ) — (34,854 ) (9,598 ) — (13,077 ) (3,344,939 ) Accumulated impairment loss as of December 31, 2018 W — — (11,521 ) — — — — — — (11,521 ) (*1) The Group has classified the amortization as manufacturing overhead costs, selling expenses, administrative expenses and research and development expenses. (*2) Others mainly consist of rights to use electricity and gas supply facilities. |
Summary of Development Costs | (d) Development costs as of December 31, 2017 and 2018 are as follows: (i) As of December 31, 2017 (In millions of won and in years) Classification Product Book Value Remaining Useful life Development completed Mobile W 79,372 0.6 TV 36,038 0.6 Notebook 14,311 0.5 Others 12,444 0.4 Sub-Total W 142,165 Development in process Mobile W 117,222 — TV 30,670 — Notebook 2,356 — Others 4,347 — Sub-Total W 154,595 Total W 296,760 (ii) As of December 31, 2018 (In millions of won and in years) Classification Product Book Value Remaining Useful life Development completed Mobile W 108,467 0.5 TV 28,001 0.5 Notebook 4,458 0.6 Others 9,475 0.5 Sub-Total W 150,401 Development in process Mobile W 144,679 — TV 55,580 — Notebook 9,639 — Others 6,611 — Sub-Total W 216,509 Total W 366,910 |
Financial Liabilities (Tables)
Financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Summary of Financial Liabilities | (a) Financial liabilities at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current Current portion of long-term borrowings and bonds W 1,452,926 1,553,907 W 1,452,926 1,553,907 Non-current Won denominated borrowings W 1,251,258 2,700,608 Foreign currency denominated borrowings 1,392,931 2,531,663 Bonds 1,506,003 1,772,599 Derivatives(*) — 25,758 W 4,150,192 7,030,628 (*) Represents exchange rate swap contracts related to foreign currency denominated borrowings and bonds . |
Bonds issued and outstanding [member] | |
Statement [LineItems] | |
Summary of Debt Instrument | (d) Details of bonds issued and outstanding at the reporting date are as follows: (In millions of won) Maturity Annual interest rate as December 31, December 31, Won denominated bonds(*1) Publicly issued bonds April 2019 ~ February 2023 1.80~3.45 W 2,015,000 1,900,000 Privately issued bonds May 2025 ~ May 2033 3.25~4.25 — 110,000 Less discount on bonds (4,238 ) (3,949 ) Less current portion (504,759 ) (559,658 ) W 1,506,003 1,446,393 Foreign currency denominated Publicly issued bond November 2021 3.88 W — 335,430 Foreign currency equivalent — USD 300 Less discount on bonds — (9,224 ) W — 326,206 W 1,506,003 1,772,599 (*1) Principal of the won denominated bonds is to be repaid at maturity and interests are paid quarterly. (*2) Principal of the foreign currency denominated bond is to be repaid at maturity and interests are paid semi-annually. |
Long-term borrowings [Member] | |
Statement [LineItems] | |
Summary of Debt Instrument | (b) Won denominated long-term borrowings at the reporting date are as follows: (In millions of won) Lender Annual interest rate as of December 31, 2018 (%) December 31, December 31, Woori Bank 3-year Bond rate – 2.75 W 1,922 1,259 Shinhan Bank — 200,000 — Korea Development Bank and others CD rate (91days) + 0.64, 2.43~3.25 1,250,000 2,850,000 Less current portion of long-term borrowings (200,664 ) (150,651 ) W 1,251,258 2,700,608 (c) Foreign currency denominated long-term borrowings at the reporting date are as follows: ( In millions of won and USD, CNY) Lender Annual interest rate as of December 31, 2018 (%)(*) December 31, December 31, The Export-Import Bank of Korea 3ML+0.75~1.70 W 755,337 955,975 China Construction Bank and others USD: 3ML+0.80~2.00 CNY: PBOC*(0.90~1.05) 1,385,097 2,419,286 Foreign currency equivalent USD 1,500 USD 2,262 CNY 3,263 CNY 5,198 Less current portion of long-term borrowings W (747,503 ) (843,598 ) W 1,392,931 2,531,663 (*) ML represents Month LIBOR (London Inter-Bank Offered Rates) and PBOC represents People’s Bank of China. |
Employee Benefits (Tables)
Employee Benefits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Net Defined Benefit Liabilities, Changes in Present Value of Defined Benefit Obligations and Changes in Fair Value of Plan Assets | (a) Net defined benefit liabilities recognized at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Present value of partially funded defined benefit obligations W 1,562,424 1,595,423 Fair value of plan assets (1,466,977 ) (1,550,063 ) W 95,447 45,360 |
Details of Plan Assets | (d) Plan assets at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Guaranteed deposits in banks W 1,466,977 1,550,063 |
Expenses Recognized in Profit or Loss and Line Items Included in Consolidated Statements of Comprehensive Income | (e) Expenses recognized in profit or loss for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Current service cost W 210,682 195,850 204,668 Past service cost — — (25,749 ) Net interest cost 10,280 2,391 961 W 220,962 198,241 179,880 Expenses are recognized in the following line items in the consolidated statements of comprehensive income: (In millions of won) 2016 2017 2018 Cost of sales W 177,652 158,418 134,879 Selling expenses 12,513 11,114 11,045 Administrative expenses 16,486 16,287 19,472 Research and development expenses 14,311 12,422 14,484 W 220,962 198,241 179,880 |
Remeasurements of Net Defined Benefit Liabilities (Assets) Included in Other Comprehensive Income (Loss) | (f) Remeasurements of net defined benefit liabilities (assets) included in other comprehensive income (loss) for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Balance at January 1 W (281,902 ) (163,950 ) (170,510 ) Remeasurements Actuarial profit or loss arising from: Experience adjustment 70,258 (48,890 ) 56,225 Demographic assumptions (4,605 ) (7,702 ) (15,379 ) Financial assumptions 95,429 56,706 (12,961 ) Return on plan assets (5,736 ) (16,374 ) (22,195 ) Share of associates regarding remeasurements 200 441 20 155,546 (15,819 ) 5,710 Income tax (37,594 ) 9,259 (1,169 ) Balance at December 31 W (163,950 ) (170,510 ) (165,969 ) |
Principal Actuarial Assumptions | (g) Principal actuarial assumptions at the reporting date (expressed as weighted averages) are as follows: 2017 2018 Expected rate of salary increase 4.7 % 4.3 % Discount rate for defined benefit obligations 3.2 % 2.8 % Assumptions regarding future mortality are based on published statistics and mortality tables. The current mortality underlying the values of the liabilities in the defined benefit plans are as follows: December 31, 2017 December 31, 2018 Teens Males 0.01 % 0.01 % Females 0.00 % 0.00 % Twenties Males 0.01 % 0.01 % Females 0.00 % 0.00 % Thirties Males 0.01 % 0.01 % Females 0.01 % 0.01 % Forties Males 0.03 % 0.03 % Females 0.02 % 0.02 % Fifties Males 0.05 % 0.05 % Females 0.02 % 0.02 % |
Amounts of Defined Benefit Obligations Affected by Reasonably Possible Changes to Respective Relevant Actuarial Assumptions | (h) Reasonably possible changes to respective relevant actuarial assumptions would have affected the defined benefit obligations by the following amounts as of December 31, 2018: (In millions of won) Defined benefit obligation 1% increase 1% decrease Discount rate for defined benefit obligations W (199,750 ) 241,608 Expected rate of salary increase 236,002 (199,363 ) |
Defined benefit obligations [member] | |
Statement [LineItems] | |
Net Defined Benefit Liabilities, Changes in Present Value of Defined Benefit Obligations and Changes in Fair Value of Plan Assets | (b) Changes in the present value of the defined benefit obligations for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) 2017 2018 Opening defined benefit obligations W 1,401,396 1,562,424 Current service cost 195,850 204,668 Past service cost — (25,749 ) Interest cost 40,844 49,145 Remeasurements (before tax) (114 ) (27,885 ) Benefit payments (76,011 ) (88,562 ) Transfers from (to) related parties 534 (4,217 ) Curtailment of plans — (74,459 ) Others (75 ) 58 Closing defined benefit obligations W 1,562,424 1,595,423 |
Fair value of plan assets [member] | |
Statement [LineItems] | |
Net Defined Benefit Liabilities, Changes in Present Value of Defined Benefit Obligations and Changes in Fair Value of Plan Assets | (c) Changes in fair value of plan assets for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) 2017 2018 Opening fair value of plan assets W 1,258,409 1,466,977 Expected return on plan assets 38,453 48,184 Remeasurements (before tax) (16,374 ) (22,195 ) Contributions by employer directly to plan assets 250,998 212,224 Benefit payments (64,509 ) (80,690 ) Curtailment of plans — (74,437 ) Closing fair value of plan assets W 1,466,977 1,550,063 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Changes in Provisions | Changes in provisions for the year ended December 31, 2017 are as follows: (In millions of won) Litigation and claims Warranties(*) Others Total Balance of January 1, 2017 W — 62,462 1,665 64,127 Additions 43 251,131 170 251,344 Usage and reclassification — (211,143 ) — (211,143 ) Balance at December 31, 2017 W 43 102,450 1,835 104,328 Current W 43 74,138 1,835 76,016 Non-current W — 28,312 — 28,312 Changes in provisions for the year ended December 31, 2018 are as follows: (In millions of won) Litigations and claims Warranties(*) Others Total Balance at January 1, 2018 W 43 102,450 1,835 104,328 Adjustment from adoption of IFRS 15 — — 9,789 9,789 Additions (reversals) — 234,928 (2,694 ) 232,234 Usage (43 ) (215,290 ) — (215,333 ) Balance at December 31, 2018 W — 122,088 8,930 131,018 Current W — 89,324 8,930 98,254 Non-current W — 32,764 — 32,764 (*) The provision for warranties covers defective products and is normally applicable for 18 months from the date of purchase. The warranty liability is calculated by using historical and anticipated rates of warranty claims, and costs per claim to satisfy the Group’s warranty obligation. |
Other Liabilities (Tables)
Other Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Liabilities | Other liabilities at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Current liabilities Withholdings W 63,766 30,970 Unearned revenues 12,225 43,841 Security deposits — 165 W 75,991 74,976 Non-current Long-term accrued expenses W 70,561 80,817 Long-term other accounts payable 2 3,103 Long-term unearned revenue — 2,116 Security deposits — 10,790 W 70,563 96,826 |
Contingent Liabilities and Co_2
Contingent Liabilities and Commitments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Maximum Amount of Accounts Receivables Sales and Amount of Sold Accounts Receivables before Maturity by Contract | The respective maximum amount of accounts receivables sales and the amount of sold accounts receivables before maturity by contract are as follows: (In millions of USD and KRW) Classification Financial institutions Maximum Not yet due Contractual amount KRW Contractual KRW Controlling Company Shinhan Bank KRW USD 90,000 25 90,000 — USD 12 — Sumitomo Mitsui Banking Corporation USD 20 22,362 — — KRW 130,000 130,000 KRW 36,089 36,089 Bank of Tokyo-Mitsubishi UFJ USD 40 44,724 USD 40 44,516 BNP Paribas USD 200 223,620 USD 12 13,630 ING Bank USD 150 167,715 USD 31 35,554 USD 435 USD 95 KRW 220,000 706,374 KRW 36,089 143,075 Subsidiaries LG Display Singapore Pte. Ltd. Standard Chartered Bank USD 300 335,430 USD 209 233,364 LG Display Taiwan Co., Ltd. BNP Paribas USD 52 58,141 USD 9 10,063 Australia and New Zealand Banking Group Ltd USD 70 78,267 USD 52 58,142 Taishin International Bank USD 289 323,131 USD 86 96,157 LG Display Germany GmbH Citibank USD 160 178,896 — — BNP Paribas USD 75 83,858 USD 75 83,767 LG Display America, Inc. Hongkong & Shanghai Banking Corp. USD 400 447,240 USD 230 257,164 Standard Chartered Bank USD 600 670,860 USD 515 575,823 Sumitomo Mitsui Banking Corporation USD 80 89,448 USD 67 74,915 LG Display Japan Co., Ltd. Sumitomo Mitsui Banking Corporation USD 20 22,362 — — LG Display Guangzhou Trading Co., Ltd. Industrial and Commercial Bank of China — — — — USD 2,046 2,287,633 USD 1,243 1,389,395 USD 2,481 USD 1,338 KRD 220,000 2,994,007 KRW 36,089 1,532,470 |
Capital and Reserves (Tables)
Capital and Reserves (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Reserves at Reporting Date | Reserves at the reporting date are as follows: (In millions of won) December 31, 2017 December 31, 2018 Foreign currency translation differences for foreign operations W (259,749 ) (272,474 ) Other comprehensive loss from associates (excluding remeasurements of net defined benefit liabilities) (28,531 ) (28,494 ) W (288,280 ) (300,968 ) |
Change in Reserves | The movement in reserves for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) Net change in fair value of available-for- sale financial assets Foreign currency for foreign operations Other income (loss) from associates (excluding Total January 1, 2016 W 58 18,196 (24,020 ) (5,766 ) Change in reserves (58 ) (77,238 ) (5,416 ) (82,712 ) December 31, 2016 — (59,042 ) (29,436 ) (88,478 ) January 1, 2017 — (59,042 ) (29,436 ) (88,478 ) Change in reserves — (200,707 ) 905 (199,802 ) December 31, 2017 — (259,749 ) (28,531 ) (288,280 ) January 1, 2018 — (259,749 ) (28,531 ) (288,280 ) Change in reserves — (12,725 ) 37 (12,688 ) December 31, 2018 — (272,474 ) (28,494 ) (300,968 ) |
Geographic and Other Informat_2
Geographic and Other Information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Revenue and Non-current Assets by Geography | The following is a summary of sales by region based on the location of the customers for the years ended December 31, 2016, 2017 and 2018. (a) Revenue by geography (In millions of won) Region 2016 2017 2018 Domestic W 1,825,191 1,996,183 1,589,452 Foreign China 18,367,767 18,090,974 15,242,533 Asia (excluding China) 2,148,676 2,383,390 2,481,112 United States 2,053,317 2,724,714 2,462,918 Europe (excluding Poland) 983,672 1,433,126 1,496,138 Poland 1,125,451 1,161,829 1,064,418 24,678,883 25,794,033 22,747,119 W 26,504,074 27,790,216 24,336,571 (b) Non-current (In millions of won) Region December 31, 2017 December 31, 2018 Property, plant and Intangible assets Property, plant and Intangible assets Domestic W 12,487,111 731,373 14,984,688 816,808 Foreign China 2,929,739 17,244 5,049,216 12,332 Others 785,110 164,204 1,566,226 158,502 W 3,714,849 181,448 6,615,442 170,834 W 16,201,960 912,821 21,600,130 987,642 |
Revenue by Product and Services | (c) Revenue by product and services (In millions of won) Product 2016 2017 2018 Panels for: Televisions W 10,132,520 11,717,982 9,727,260 Desktop monitors 4,035,195 4,393,482 4,040,025 Tablet products 2,695,808 2,369,634 1,990,766 Notebook computers 2,383,532 2,244,088 2,836,888 Mobile and others 7,257,019 7,065,030 5,741,632 W 26,504,074 27,790,216 24,336,571 |
The Nature of Expenses and Ot_2
The Nature of Expenses and Others (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Classification of Expenses by Nature | The classification of expenses by nature for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Changes in inventories W 63,884 (62,299 ) (341,120 ) Purchases of raw materials, merchandise and others 14,244,942 13,548,848 12,863,812 Depreciation and amortization 3,021,571 3,214,576 3,554,565 Outsourcing fees 819,742 771,697 825,393 Labor costs 3,022,607 3,258,427 3,222,110 Supplies and others 1,053,245 1,239,915 1,010,352 Utility 840,664 865,347 899,075 Fees and commissions 638,732 692,125 722,134 Shipping costs 224,742 249,820 240,288 Advertising 67,636 236,440 112,400 Warranty expenses 166,691 251,131 234,928 Travel 73,807 92,976 104,009 Taxes and dues 74,506 91,806 123,210 Others 927,218 919,051 757,673 W 25,239,987 25,369,860 24,328,829 Total expenses consist of cost of sales, selling, administrative, research and development expenses and other non-operating |
Selling and Administrative Ex_2
Selling and Administrative Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Details of Selling and Administrative Expenses | Details of selling and administrative expenses for the years ended December 31, 2016, 2017, and 2018 are as follows: (In millions of won) 2016 2017 2018 Salaries(*1) W 276,824 327,288 500,610 Expenses related to defined benefit plans(*2) 28,999 27,401 30,724 Other employee benefits 89,717 94,740 90,348 Shipping costs 191,442 214,866 200,434 Fees and commissions 192,786 197,070 221,050 Depreciation 129,225 138,711 174,575 Taxes and dues 30,523 46,317 65,621 Advertising 67,636 236,440 112,400 Warranty expenses 166,691 251,131 234,928 Rent 25,840 26,711 26,691 Insurance 11,561 12,459 11,584 Travel 23,343 27,879 24,659 Training 14,464 16,311 13,309 Others 56,342 73,181 65,343 W 1,305,393 1,690,505 1,772,276 (*1) The expense related to retirement allowance for the year ended December 31, 2018 is W (*2) The expense related to the define contribution plan for the year ended December 31, 2018 is W |
Personnel Expenses (Tables)
Personnel Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Details of Personnel Expenses | Details of personnel expenses for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Salaries and wages W 2,418,869 2,704,217 2,720,014 Other employee benefits 459,730 483,704 500,169 Contributions to National Pension plan 69,588 73,061 75,668 Expenses related to defined benefit plan and defined contribution plan(*) 220,962 198,241 180,737 W 3,169,149 3,459,223 3,476,588 (*) The expense related to the define contribution plan for the year ended December 31, 2018 is W |
Other Income and Other Expens_2
Other Income and Other Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Income | (a) Details of other income for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Foreign currency gain W 1,543,909 969,425 970,306 Gain on disposal of property, plant and equipment 14,637 101,227 6,620 Gain on disposal of intangible assets — 308 239 Reversal of impairment loss on intangible assets — 35 348 Rental income 5,152 2,212 3,584 Others 28,103 8,539 23,040 W 1,591,801 1,081,746 1,004,037 |
Summary of Other Expenses | (b) Details of other expenses for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Foreign currency loss W 1,420,502 1,189,193 1,030,084 Other bad debt expenses — 1,798 4 Loss on disposal of property, plant and equipment 7,466 20,030 15,048 Impairment loss on property, plant and equipment 1,610 — 43,601 Loss on disposal of intangible assets 75 30 — Impairment loss on intangible assets 138 1,809 82 Donations 22,221 17,152 7,698 Expenses related to legal proceedings or claims and others 15,819 443 18,716 W 1,467,831 1,230,455 1,115,233 |
Finance Income and Finance Co_2
Finance Income and Finance Costs (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Finance Income and Costs Recognized in Profit or Loss | (a) Finance income and costs recognized in profit or loss for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Finance income Interest income W 42,079 60,106 69,020 Foreign currency gain 81,554 210,890 160,989 Gain on disposal of investments in equity accounted investees 11,367 3,669 — Reversal of impairment loss of investments in equity accounted investees — — 802 Gain on transaction of derivatives 4,427 3,106 2,075 Gain on valuation of derivatives 244 1,070 13,059 Gain on disposal of available-for-sale — 8 — Gain on valuation of financial asset at fair value through profit or loss — 170 8,186 W 139,671 279,019 254,131 Finance costs Interest expense W 113,285 90,538 80,517 Foreign currency loss 132,320 126,642 184,309 Loss on disposal of investments in equity accounted investees 5,643 42,112 595 Loss on impairment of investments in equity accounted investees 6,137 4,234 17,397 Loss on impairment of available-for-sale 3,757 1,948 — Loss on valuation of financial asset at fair value through profit or loss 118 — 225 Loss on sale of trade accounts and notes receivable 2,886 784 13,361 Loss on transaction of derivatives 334 514 49 Loss on valuation of derivatives 472 — 26,600 Others 1,234 2,084 3,840 W 266,186 268,856 326,893 |
Finance Income and Costs Recognized in Other Comprehensive Income or Loss | (b) Finance income and costs recognized in other comprehensive income or loss for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Foreign currency translation differences for foreign operations W (90,503 ) (231,738 ) (19,987 ) Net change in fair value of available-for-sale (77 ) — — Tax effect 19 — — Finance income (costs) recognized in other comprehensive income (loss) after tax W (90,561 ) (231,738 ) (19,987 ) |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Details of Income Tax Expense (Benefit) | (a) Details of income tax expense (benefit) for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Current tax expense Current year 361,237 512,123 167,394 Adjustment for prior years — — 82,225 W 361,237 512,123 249,619 Deferred tax expense (benefit) Origination and reversal of temporary differences (49,190 ) (104,835 ) (226,360 ) Change in unrecognized deferred tax assets 72,678 (11,708 ) 64,818 23,488 (116,543 ) (161,542 ) Income tax expense W 384,725 395,580 88,077 |
Income Taxes Recognized Directly in Other Comprehensive Income | (b) Income taxes recognized directly in other comprehensive income or loss for the years ended December 31, 2016, 2017, and 2018 are as follows: (In millions of won) 2016 Before tax Tax benefit (expense) Net of tax Net change in fair value of available-for-sale W (77 ) 19 (58 ) Remeasurements of net defined benefit liabilities (assets) 155,346 (37,594 ) 117,752 Foreign currency translation differences for foreign operations (90,503 ) — (90,503 ) Change in equity of equity method investee (5,216 ) — (5,216 ) W 59,550 (37,575 ) 21,975 (In millions of won) 2017 Before tax Tax benefit Net of tax Net change in fair value of available-for-sale W — — — Remeasurements of net defined benefit liabilities (assets) (16,260 ) 9,259 (7,001 ) Foreign currency translation differences for foreign operations (231,738 ) — (231,738 ) Change in equity of equity method investee 1,346 — 1,346 W (246,652) 9,259 (237,393 ) (In millions of won) 2018 Before tax Tax expense Net of tax Net change in fair value of available-for-sale W — — — Remeasurements of net defined benefit liabilities (assets) 5,690 (1,169 ) 4,521 Foreign currency translation differences for foreign operations (19,987 ) — (19,987 ) Change in equity of equity method investee 57 — 57 W (14,240) (1,169 ) (15,409 ) |
Reconciliation of Actual Effective Tax Rate | (c) Reconciliation of the actual effective tax rate for the years ended December 31, 2016, 2017, and 2018 is as follows: (In millions of won) 2016 2017 2018 Profit (loss) before income taxes W 1,316,233 2,332,632 (91,366 ) Income tax using the statutory tax rate of each country 33.49 % 440,753 28.54 % 665,733 (33.60 %) 30,695 Non-deductible 3.39 % 44,606 2.72 % 63,416 (40.07 %) 36,608 Tax credits (11.45 %) (150,663 ) (10.64 %) (248,191 ) 117.27 % (107,146 ) Change in unrecognized deferred tax assets 5.52 % 72,678 (0.50 %) (11,708 ) (70.94 %) 64,818 Adjustment for prior years — — — — (90.00 %) 82,225 Effect on change in tax rate (Note 24(d)) — — (3.10 %) (72,376 ) 15.68 % (14,326 ) Others (1.72 %) (22,649 ) (0.06 %) (1,294 ) 5.25 % (4,797 ) Actual income tax expense W 384,725 395,580 88,077 Actual effective tax rate 29.23 % 16.96 % (*) (*) Actual effective tax rate are not calculated due to loss before income tax. |
Deferred Tax Assets and Liabi_2
Deferred Tax Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary Of Unused Tax Credit Carryforwards | The amount of unused tax credit carryforwards for which no deferred tax asset is recognized and their expiration dates are as follows: (In millions of won) December 31, 2019 December 31, 2020 December 31, 2021 December 31, 2022 Tax credit carryforwards W — 58,391 91,862 |
Details of Deferred Tax Assets and Liabilities | (c) Deferred tax assets and liabilities are attributable to the following: (In millions of won) Assets Liabilities Total December, 31, December, 31, December, 31, December, 31, December, 31, December, 31, Other accounts receivable, net W — — (1,441 ) (1,013 ) (1,441 ) (1,013 ) Inventories, net 34,550 60,606 — — 34,550 60,606 Defined benefit liabilities, net 2,375 — — — 2,375 — Unrealized gain or loss and others 29,061 13,404 — — 29,061 13,404 Accrued expenses 183,903 126,072 — — 183,903 126,072 Property, plant and equipment 409,928 445,721 — (1,495 ) 409,928 444,226 Intangible assets 3,457 3,468 (24,646 ) (14,588 ) (21,189 ) (11,120 ) Provisions 27,018 32,468 — — 27,018 32,468 Gain or loss on foreign currency translation, net 13 13 — — 13 13 Others 27,562 20,850 — (7,665 ) 27,562 13,185 Tax loss carryforwards — 134,845 — — — 134,845 Tax credit carryforwards 268,926 308,393 — — 268,926 308,393 Deferred tax assets (liabilities) W 986,793 1,145,840 (26,087 ) (24,761 ) 960,706 1,121,079 |
Changes in Deferred Tax Assets and Liabilities | (d) Changes in deferred tax assets and liabilities for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) January 1, Profit or loss Other (loss) December 31, Profit or loss Other December 31, Other accounts receivable, net W (1,190 ) (251 ) — (1,441 ) 428 — (1,013 ) Inventories, net 35,771 (1,221 ) — 34,550 26,056 — 60,606 Defined benefit liabilities, net 10,817 (17,701 ) 9,259 2,375 (1,206 ) (1,169 ) — Subsidiaries and associates 34,777 (5,716 ) — 29,061 (15,657 ) — 13,404 Accrued expenses 122,998 60,905 — 183,903 (57,831 ) — 126,072 Property, plant and equipment 338,860 71,068 — 409,928 34,298 — 444,226 Intangible assets (31,027 ) 9,838 — (21,189 ) 10,069 — (11,120 ) Provisions 15,051 11,967 — 27,018 5,450 — 32,468 Gain or loss on foreign currency translation, net 11 2 — 13 — — 13 Others 21,435 6,127 — 27,562 (14,377 ) — 13,185 Tax loss carryforwards — — — — 134,845 — 134,845 Tax credit carryforwards 287,400 (18,474 ) — 268,926 39,467 — 308,393 Deferred tax assets (liabilities) W 834,903 116,544 9,259 960,706 161,542 (1,169 ) 1,121,079 |
Earnings (Loss) Per Share Att_2
Earnings (Loss) Per Share Attributable to Owners of the Controlling Company (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Basic Earnings per Share | (a) Basic earnings (loss) per share for the years ended December 31, 2016, 2017 and 2018 are as follows: (In won and No. of shares) 2016 2017 2018 Profit (loss) attributable to owners of the Controlling Company W 906,714,278,688 1,802,756,119,275 (207,239,484,774 ) Weighted-average number of common stocks outstanding 357,815,700 357,815,700 357,815,700 Earnings (loss) per share W 2,534 5,038 (579 ) |
Financial Risk Management (Tabl
Financial Risk Management (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Average Exchange Rates Applied during Reporting Periods | Average exchange rates applied during the reporting periods are as follows: (In won) Average rate Reporting date spot rate 2016 2017 2018 December 31, December 31, USD W 1,159.83 1,131.08 1,100.21 1,071.40 1,118.10 JPY 10.67 10.09 9.96 9.49 10.13 CNY 174.40 167.52 166.41 163.65 162.76 TWD 35.97 37.16 36.51 35.92 36.58 EUR 1,283.95 1,277.01 1,298.53 1,279.25 1,279.16 PLN 294.41 299.98 304.87 306.07 297.33 VND 0.0518 0.0498 0.0478 0.0472 0.0482 |
Maximum Exposure to Credit Risk of Financial Assets | The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk as of December 31, 2017 and 2018 are as follows: i) As of December 31, 2017 (In millions of won) December 31, 2017 Cash and cash equivalents W 2,602,560 Deposits in banks 758,089 Trade accounts and notes receivable 4,325,120 Non-trade 150,554 Accrued income 14,273 Available-for-sale 162 Financial assets at fair value through profit or loss 1,552 Deposits 30,378 Short-term loans 16,766 Long-term loans 32,408 Long-term non-trade 8,738 Derivatives 842 W 7,941,442 ii) As of December 31, 2018 (In millions of won) December 31, 2018 Financial assets carried at amortized cost Cash and cash equivalents W 2,365,022 Deposits in banks 78,411 Trade accounts and notes receivable 2,829,163 Non-trade 159,238 Accrued income 10,075 Deposits 91,123 Short-term loans 16,116 Long-term 55,048 Long-term non-trade 11,448 W 5,615,644 Financial assets at fair value through profit or loss Convertible bonds W 1,327 Derivatives 13,059 W 14,386 Financial assets at fair value through other comprehensive income Debt instrument W 161 W 5,630,191 |
Contractual Maturities of Financial Liabilities, Including Estimated Interest Payments | The following are the contractual maturities of financial liabilities, including estimated interest payments, as of December 31, 2018. ( In millions of won ) Contractual cash flows Carrying Total 6 months 6-12 1-2 2-5 More than Non-derivative Secured bank borrowings W 268,093 268,190 268,190 — — — — Unsecured bank borrowings 5,958,427 6,588,502 565,832 356,688 973,297 4,169,682 523,003 Unsecured bond issues 2,332,257 2,537,553 291,738 328,400 456,990 1,320,248 140,177 Trade accounts and notes payable 3,087,461 3,087,461 3,087,461 — — — — Other accounts payable 3,566,629 3,566,629 3,565,599 1,030 — — — Long-term other accounts payable 3,103 3,103 — — 2,077 1,026 — Security deposits 10,955 10,955 — 165 10,790 — — Derivative financial liabilities Derivatives W 25,758 (35,140 ) (6,742 ) (6,728 ) (12,517 ) (9,153 ) — W 15,252,683 16,027,253 7,772,078 679,555 1,430,637 5,481,803 663,180 |
Summary of Capital Management | Management’s policy is to maintain a capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business. Liabilities to equity ratio, net borrowings to equity ratio and other financial ratios are used by management to achieve an optimal capital structure. Management also monitors the return on capital as well as the level of dividends to ordinary shareholders. (In millions of won) December 31, 2017 December 31, 2018 Total liabilities W 14,178,177 18,289,464 Total equity 14,981,510 14,886,246 Cash and deposits in banks(*1) 3,360,638 2,443,422 Borrowings (including bonds) 5,603,118 8,558,777 Total liabilities to equity ratio 95 % 123 % Net borrowings to equity ratio(*2) 15 % 41 % (*1) Cash and deposits in banks consist of cash and cash equivalents and current deposit in banks. (*2) Net borrowings to equity ratio is calculated by dividing total borrowings (including bonds) less cash and current deposits in banks by total equity. |
Fair Values of Financial Assets and Liabilities, Together with Carrying Amounts Shown in Consolidated Statement of Financial Position | The fair values of financial assets and liabilities, together with the carrying amounts shown in the consolidated statements of financial position as of December 31, 2017 and 2018 are as follows: i) As of December 31, 2017 (In millions of won) December 31, 2017 Carrying Fair values Assets carried at fair value Available-for-sale W 162 162 Financial asset at fair value through profit or loss 1,552 1,552 Derivatives 842 842 Assets carried at amortized cost Cash and cash equivalents W 2,602,560 (*) Deposits in banks 758,089 (*) Trade accounts and notes receivable 4,325,120 (*) Non-trade 150,554 (*) Accrued income 14,273 (*) Deposits 30,378 (*) Short-term loans 16,766 (*) Long-term 32,408 (*) Long-term non-trade 8,738 (*) Liabilities carried at amortized cost Secured bank borrowings W 642,172 642,172 Unsecured bank borrowings 2,950,184 2,955,399 Unsecured bond issues 2,010,762 2,016,086 Trade accounts and notes payable 2,875,090 (*) Other accounts payable 3,169,937 3,170,147 Long-term other accounts payable 2 (*) (*) Excluded from disclosures as the carrying amount approximates fair value. ii) As of December 31, 2018 (In millions of won) December 31, 2018 Carrying amounts Fair values Financial assets carried at amortized cost Cash and cash equivalents W 2,365,022 (*) Deposits in banks 78,411 (*) Trade accounts and notes receivable 2,829,163 (*) Non-trade 159,238 (*) Accrued income 10,075 (*) Deposits 91,123 (*) Short-term loans 16,116 (*) Long-term 55,048 (*) Long-term non-trade 11,448 (*) Financial assets at fair value through profit or loss Equity instrument W 13,681 13,681 Convertible bonds 1,327 1,327 Derivatives 13,059 13,059 Financial assets at fair value through other comprehensive income Debt instrument W 161 161 Financial liabilities at fair value through profit or loss Derivatives W 25,758 25,758 Financial liabilities carried at amortized cost Secured bank borrowings W 268,093 268,093 Unsecured bank borrowings 5,958,427 6,013,903 Unsecured bond issues 2,332,257 2,384,987 Trade accounts and notes payable 3,087,461 (*) Other accounts payable 3,566,629 (*) Long-term other accounts payable 3,103 (*) Security deposits 10,955 (*) (*) Excluded from disclosures as the carrying amount approximates fair value. |
Fair Value Hierarchy Classifications of Financial Instruments Measured at Fair Value | Fair value hierarchy classifications of the financial instruments that are measured at fair value as of December 31, 2017 and 2018 are as follows: (In millions of won) Level 1 Level 2 Level 3 Total December 31, 2017 Available-for-sale W 162 — — 162 Financial assets at fair value through profit or loss — — 1,552 1,552 Derivatives — — 842 842 (In millions of won) Level 1 Level 2 Level 3 Total December 31, 2018 Financial assets at fair value through profit or loss Equity instrument W — — 13,681 13,681 Convertible bonds — — 1,327 1,327 Derivatives — — 13,059 13,059 Financial asset at fair value through other comprehensive income Debt instrument W 161 — — 161 Financial liabilities at fair value through profit or loss Derivatives W — — 25,758 25,758 |
Fair Value Hierarchy Classifications, Valuation Technique and Inputs for Fair Value Measurements of Financial Instruments not Measured at Fair Value | Fair value hierarchy classifications, valuation technique and inputs for fair value measurements of the financial instruments not measured at fair value but for which the fair value is disclosed as of December 31, 2017 and December 31, 2018 are as follows: (In millions of won) December 31, 2017 Valuation technique Input Classification Level 1 Level 2 Level 3 Liabilities Secured bank borrowings W — — 642,172 Discounted cash flow Discount rate Unsecured bank borrowings — — 2,955,399 Discounted cash flow Discount rate Unsecured bond issues — — 2,016,086 Discounted cash flow Discount rate Other accounts payable — — 3,170,147 Discounted cash flow Discount rate (In millions of won) December 31, 2018 Valuation technique Input Classification Level 1 Level 2 Level 3 Liabilities Secured bank borrowings W — — 268,093 Discounted cash flow Discount rate Unsecured bank borrowings — — 6,013,903 Discounted cash flow Discount rate Unsecured bond issues — — 2,384,987 Discounted cash flow Discount rate The interest rates applied for determination of the above fair value at the reporting date are as follows: December 31, 2017 December 31, 2018 Borrowings, bonds and others 1.57~2.92% 2.09~3.37% |
Currency risk [member] | |
Statement [LineItems] | |
Exposure to Market Risks | The Group’s exposure to foreign currency risk based on notional amounts at the reporting date is as follows: (In millions) December 31, 2017 USD JPY CNY TWD EUR PLN VND Cash and cash equivalents 1,228 152 6,940 16 3 165 342,063 Deposits in banks — — 750 — — — — Trade accounts and notes receivable 3,316 11 1,453 — — — — Non-trade 62 1,340 136 2 9 — 13,405 Other assets denominated in foreign currencies 1 206 596 7 — — 1,882 Trade accounts and notes payable (1,345 ) (14,898 ) (2,843 ) — — — (102,398 ) Other accounts payable (285 ) (14,653 ) (2,403 ) (11 ) (8 ) (4 ) (2,138,370 ) Borrowings (1,500 ) — (3,263 ) — — — — Net exposure 1,477 (27,842 ) 1,366 14 4 161 (1,883,418 ) (In millions) December 31, 2018 USD JPY CNY TWD EUR PLN VND Cash and cash equivalents 790 83 5,515 121 8 206 2,070,889 Trade accounts and notes receivable 2,175 7 1,098 — — — — Non-trade 21 852 201 3 4 — 23,182 Other assets denominated in foreign currencies 33 220 11,157 108 12 23 2,782 Trade accounts and notes payable (863 ) (12,501 ) (2,862 ) — — — (355,390 ) Other accounts payable (928 ) (20,326 ) (4,762 ) (6 ) (3 ) (4 ) (1,585,130 ) Borrowings (2,571 ) — (5,198 ) — — — — Aggregate notional amounts in financial position (1,343 ) (31,665 ) 5,149 226 21 225 156,333 Currency swap contracts 780 — — — — — — Net exposure (563 ) (31,665 ) 5,149 226 21 225 156,333 |
Sensitivity Analysis for Each Type of Market Risk | A weaker won, as indicated below, against the following currencies which comprise the Group’s assets or liabilities denominated in a foreign currency as of December 31, 2017 and 2018, would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considers to be reasonably possible as of the end of the reporting period. The analysis assumes that all other variables, in particular interest rates, would remain constant. The changes in equity and profit or loss would have been as follows: (In millions of won) December 31, 2017 December 31, 2018 Equity Profit or Equity Profit or loss USD (5 percent weakening) W 50,040 91,238 (46,136 ) 38,725 JPY (5 percent weakening) (10,294 ) (9,141 ) (12,060 ) (10,497 ) CNY (5 percent weakening) 13,212 (6,396 ) 41,779 318 TWD (5 percent weakening) 23 1 413 1 EUR (5 percent weakening) 16 594 1,197 390 PLN (5 percent weakening) 2,515 (120 ) 3,451 (236 ) VND (5 percent weakening) (4,445 ) — 273 273 |
Interest rate risk [Member] | |
Statement [LineItems] | |
Exposure to Market Risks | The interest rate profile of the Group’s interest-bearing financial instruments at the reporting date is as follows: (In millions of won) December 31, 2017 December 31, 2018 Fixed rate instruments Financial assets W 3,360,800 2,443,583 Financial liabilities (2,962,671 ) (5,033,515 ) W 398,129 (2,589,932 ) Variable rate instruments Financial liabilities W (2,640,447 ) (3,525,262 ) |
Sensitivity Analysis for Each Type of Market Risk | For the years ended December 31, 2017 and 2018 a change of 100 basis points in interest rates at the reporting date would have increased (decreased) equity and profit or loss by the amounts shown below for the respective following years. This analysis assumes that all other variables, in particular foreign currency rates, remain constant. (In millions of won) Equity Profit or loss 1%p increase 1%p decrease 1%p increase 1%p decrease December 31, 2017 Variable rate instruments(*) W (17,362 ) 17,362 (17,362 ) 17,362 December 31, 2018 Variable rate instruments(*) W (25,558 ) 25,558 (25,558 ) 25,558 (*) Financial instruments subject to interest rate swap not qualified for hedging are excluded. |
Changes in liabilities arisin_2
Changes in liabilities arising from financing activities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Changes in liabilities arising from financing activities | Changes in liabilities arising from financing activities for the year ended December 31, 2018 are as follows: (In millions of won) Non-cash January 1, 2018 Cash flows from Reclassification Exchange rate effect Effective interest December 31, Short-term borrowings W — (720 ) — 720 — — Current portion of long-term borrowings and bonds 1,452,926 (1,859,098 ) 1,904,888 54,659 532 1,553,907 Long-term 2,644,189 3,882,958 (1,345,520 ) 50,644 — 5,232,271 Bonds 1,506,003 828,169 (559,368 ) (4,172 ) 1,967 1,772,599 W 5,603,118 2,851,309 — 101,851 2,499 8,558,777 |
Related Parties and Others (Tab
Related Parties and Others (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Significant Transactions, Trade Accounts and Notes Receivable and Payable Occurred in Normal Course of Business with Related Parties | (b) Significant transactions such as sales of goods and purchases of raw material and outsourcing service and others, which occurred in the normal course of business with related parties for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 Purchase and others Sales and others Dividend Purchase of raw material Acquisition of Outsourcing Other costs Joint Venture Suzhou Raken Technology Co., Ltd.(*1) W 59,388 29,902 — — — 543 Associates and their subsidiaries New Optics Ltd. W 2,469 — 50,372 — 7,569 255 New Optics USA, Inc. — — — — 509 — NEWOPTIX RS. SA DE CV 33 — — — — — INVENIA Co., Ltd. 54 — 1,429 48,398 — 261 TLI Inc.(*2) — 101 57,429 — — 2,238 AVACO Co., Ltd.(*2) — 128 703 31,299 — 1,373 AVATEC Co., Ltd. — 265 — — 70,196 1,027 Paju Electric Glass Co., Ltd. — 21,030 453,463 — — 3,674 Shinbo Electric Co., Ltd. 204,637 — 355,607 — 2,449 1,097 Narenanotech Corporation 17 — 513 24,821 — 909 WooRee E&L Co., Ltd. — — — — — 32 YAS Co., Ltd. 44 — 2,076 80,836 — 1,758 LB Gemini New Growth Fund No. 16 — 8,394 — — — — W 207,254 29,918 921,592 185,354 80,723 12,624 ( In millions of won ) 2016 Purchase and others Sales and others Dividend Purchase of Acquisition of Outsourcing Other costs Entity that has significant influence over the Controlling Company LG Electronics Inc. W 1,580,279 — 23,047 538,175 — 103,158 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics India Pvt. Ltd. W 75,591 — — — — 69 LG Electronics Vietnam Haiphong Co., Ltd. 162,893 — — — — 141 LG Electronics Nanjing New Technology Co., Ltd. 229,773 — — 293 — 1,876 LG Electronics RUS, LLC 127,316 — — — — 2,993 LG Electronics do Brasil Ltda. 133,903 — — — — 3,430 LG Innotek Co., Ltd. 11,503 — 209,878 — — 9,873 Qingdao LG Inspur Digital Communication Co., Ltd. 47,804 — — — — — Inspur LG Digital Mobile Communications Co., Ltd. 370,966 — — — — 5 LG Electronics Mexicalli, S.A. DE C.V. 210,021 — — — — 77 LG Electronics Mlawa Sp. z o.o. 709,558 — — — — 895 LG Electronics Taiwan Taipei Co., Ltd. 11,919 — — — — 27 ( In millions of won ) 2016 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs LG Electronics Wroclaw Sp. z o.o. W 290,785 — — — — 99 LG Hitachi Water Solutions Co., Ltd. — — — 167,987 — 2,782 LG Electronics Reynosa, S.A. DE C.V. 1,074,790 — — — — 1,907 LG Electronics Almaty Kazakhstan 15,953 — — — — 33 LG Electronics Air-Conditioning — — — 4,994 — 259 Hi Entech Co., Ltd. — — — — — 25,365 Hientech (Tianjin) Co., Ltd. — — — 28,587 — 10,613 LG Electronics S.A. (Pty) Ltd 21,236 — — — — 39 Others 2,289 — — — — 4,094 W 3,496,300 — 209,878 201,861 — 64,577 W 5,343,221 59,820 1,154,517 925,390 80,723 180,902 (*1) Represents transactions occurred prior to exchange of equity interests. (*2) Represent transactions occurred prior to disposal of the entire investments. ( In millions of won ) 2017 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs Associates and their subsidiaries New Optics Ltd.(*) W 1 — — — 4 6 INVENIA Co., Ltd. — — 1,862 66,548 — 2,259 AVATEC Co., Ltd. — 530 — — 90,785 720 Paju Electric Glass Co., Ltd. — 8,109 380,815 — — 4,225 Shinbo Electric Co., Ltd.(*) 15,812 — — — — 21 Narenanotech Corporation(*) — — 279 21,727 — 244 WooRee E&L Co., Ltd. — — — — — 175 YAS Co., Ltd. — — 6,347 69,243 — 2,474 W 15,813 8,639 389,303 157,518 90,789 10,124 Entity that has significant influence over the Controlling Company LG Electronics Inc. W 1,689,381 — 47,898 906,427 — 109,865 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics India Pvt. Ltd. W 71,597 — — — — 163 LG Electronics Vietnam Haiphong Co., Ltd. 205,934 — — 8,892 — 198 ( In millions of won ) 2017 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other LG Electronics Nanjing New Technology Co., Ltd. W 300,785 — — 245 — 379 LG Electronics RUS, LLC 103,479 — — — — 963 LG Electronics do Brasil Ltda. 228,821 — — — — 430 LG Innotek Co., Ltd. 14,836 — 199,896 — — 5,692 Qingdao LG Inspur Digital Communication Co., Ltd. 77,787 — — — — — Inspur LG Digital Mobile Communications Co., Ltd. 230,832 — — — — — LG Electronics Mexicalli, S.A. DE C.V. 319,772 — — — — 186 LG Electronics Mlawa Sp. z o.o. 847,565 — — — — 985 LG Electronics Taiwan Taipei Co., Ltd. 13,693 — — — — 164 LG Hitachi Water Solutions Co., Ltd. — — — 318,978 — 1,532 LG Electronics Reynosa, S.A. DE C.V. 1,287,340 — — — — 1,926 LG Electronics Almaty Kazakhstan 14,079 — — — — 53 LG Electronics Air-Conditioning — — 255 3,744 — 2,621 HiEntech Co., Ltd. — — — 6,991 — 34,432 Hientech (Tianjin) Co., Ltd. — — — 21,838 — 11,822 LG Electronics S.A. (Pty) Ltd. 14,155 — — — — 25 Others 857 — 3 14 — 7,264 W 3,731,532 — 200,154 360,702 — 68,835 W 5,436,726 8,639 637,355 1,424,647 90,789 188,824 (*) Represents transactions occurred prior to disposal of the entire investments. ( In millions of won ) 2018 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs Associates and their subsidiaries INVENIA Co., Ltd. — 30 1,608 58,111 — 896 AVATEC Co., Ltd. — 530 — — 71,403 905 Paju Electric Glass Co., Ltd. — 4,172 364,183 — — 4,411 WooRee E&L Co., Ltd. — — 58 — — 144 YAS Co., Ltd. — — 5,281 143,192 — 3,391 LB Gemini New Growth Fund No. 16 1,112 540 — — — — W 1,112 5,272 371,130 201,303 71,403 9,747 Entity that has significant influence over the Controlling Company LG Electronics Inc. W 1,215,153 — 36,522 1,041,563 — 127,775 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics India Pvt. Ltd. W 71,798 — — — — 103 LG Electronics Vietnam Haiphong Co., Ltd. 173,051 — — 4,541 — 166 ( In millions of won ) 2018 Sales and others Purchase and others Dividend Purchase of Acquisition of Outsourcing Other costs LG Electronics Nanjing New Technology Co., Ltd. W 223,524 — — 424 — 1,528 LG Electronics RUS, LLC 106,631 — — — — 2,673 LG Electronics do Brasil Ltda. 192,775 — — — — 350 LG Innotek Co., Ltd. 29,267 — 147,453 — — 39,136 Qingdao LG Inspur Digital Communication Co., Ltd. 37,738 — — — — — Inspur LG Digital Mobile Communications Co., Ltd. 131,970 — — — — 1 LG Electronics Mexicalli, S.A. DE C.V. 187,844 — — — — 210 LG Electronics Mlawa Sp. z o.o. 740,784 — — — — 631 LG Electronics Taiwan Taipei Co., Ltd. 12,746 — — — — 330 LG Hitachi Water Solutions Co., Ltd. 9,100 — — 304,365 — 8,980 LG Electronics Reynosa, S.A. DE C.V. 1,030,414 — — — — 2,021 LG Electronics Almaty Kazakhstan 3,759 — — — — 42 LG Electronics Air-Conditioning — — 330 26,871 — 7,264 HiEntech Co., Ltd. — — — 22,378 — 29,215 Hientech (Tianjin) Co., Ltd. — — — 92,900 — 23,880 LG Electronics S.A. (Pty) Ltd. 7,244 — — — — 20 LG Electronics Egypt S.A.E. 25,491 — — — — 16 Others 5,195 — 28 15 — 11,480 W 2,989,331 — 147,811 451,494 — 128,046 W 4,205,596 5,272 555,463 1,694,360 71,403 265,568 (c) Trade accounts and notes receivable and payable as of December 31, 2017and 2018 are as follows: ( In millions of won ) Trade accounts and notes receivable and others Trade accounts and notes payable and others December 31, 2017 December 31, 2018 December 31, 2017 December 31, 2018 Associates INVENIA Co., Ltd. 2,375 2,000 18,662 30,179 AVATEC Co., Ltd. — — 2,949 4,382 Paju Electric Glass Co., Ltd. — — 60,141 60,566 WooRee E&L Co., Ltd. — — 61 7 YAS Co., Ltd. 375 — 6,474 6,145 W 2,750 2,000 88,287 101,279 Entity that has significant influence over the Controlling Company LG Electronics Inc. W 550,335 247,679 257,071 430,677 Subsidiaries of the entity that has significant influence over the Controlling Company LG Electronics do Brasil Ltda. W 19,091 15,608 10 62 LG Electronics RUS, LLC 25,102 22,570 80 90 LG Innotek Co., Ltd. 407 2,885 62,675 47,382 Qingdao LG Inspur Digital Communication Co., Ltd. 13,061 3,530 — — Inspur LG Digital Mobile Communications Co., Ltd. 55,278 13,172 — — ( In millions of won ) Trade accounts and notes receivable and others Trade accounts and notes payable and others December 31, 2017 December 31, 2018 December 31, 2017 December 31, 2018 LG Electronics Mexicali, S.A. DE C.V. W 29,440 15,305 — — LG Electronics Mlawa Sp. z o.o. 136,874 70,236 25 33 LG Electronics Nanjing New Technology Co., Ltd. 46,373 43,463 699 139 LG Electronics Reynosa, S.A. DE C.V. 137,413 69,189 82 134 LG Electronics Vietnam Haiphong Co., Ltd. 36,017 25,544 3,917 — LG Hitachi Water Solutions Co., Ltd. — 9,100 154,864 50,425 Hientech (Tianjin) Co., Ltd. — — 5,600 16,345 HiEntech Co., Ltd. — — 6,679 16,816 LG Electronics India Pvt. Ltd. 3,030 9,047 — 29 LG Electronics Egypt S.A.E. — 10,296 1 — LG Electronics Air-Conditioning — — — 17,654 Others 7,618 5,263 1,714 1,246 W 509,704 315,208 236,346 150,355 W 1,062,789 564,887 581,704 682,311 |
Details of Significant Cash Transactions of Loans and Collection of Loans Occurred in Normal Course of Business with Related Parties | (d) Details of significant cash transactions such as loans and collection of loans, which occurred in the normal course of business with related parties for the years ended December 31, 2017 and 2018 are as follows: (In millions of won) Loans(*1) Associates January 1, 2017 Increase Decrease December 31, 2017 New Optics Ltd.(*2) W 1,000 — 125 875 INVENIA Co., Ltd. 833 2,000 458 2,375 Narenanotech Corporation(*2) 300 — 75 225 YAS Co., Ltd. 833 — 458 375 W 2,966 2,000 1,116 3,850 (*1) Loans are presented based on nominal amounts. (*2) Excluded from related parties due to disposal of equity investments during the year ended December 31, 2017. (In millions of won) Loans(*) Associates January 1, 2018 Increase Decrease December 31, 2018 INVENIA Co., Ltd. W 2,375 — 375 2,000 YAS Co., Ltd. 375 — 375 — W 2,750 — 750 2,000 (*) Loans are presented based on nominal amounts. |
Compensation Costs of Key Management | Compensation costs of key management for the years ended December 31, 2016, 2017 and 2018 are as follows: (In millions of won) 2016 2017 2018 Short-term benefits W 2,323 3,724 2,622 Expenses related to the defined benefit plan 897 488 794 W 3,220 4,212 3,416 |
Supplemental Cash Flow Inform_2
Supplemental Cash Flow Information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Non-cash Investing and Financing Activities | Supplemental cash flow information for the years ended December 31, 2016, 2017 and 2018 is as follows: (In millions of won) 2016 2017 2018 Non-cash Changes in other accounts payable arising from the purchase of property, plant and equipment W 809,406 632,355 516,734 |
Non-current Assets Held for S_2
Non-current Assets Held for Sale (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Non-current Assets as Held for Sale | Non-current (In millions of won) December 31, 2018 Property, plant and equipment W 70,161 |
Reporting Entity - Additional I
Reporting Entity - Additional Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of reporting entity [line items] | |||
Distributed dividends from consolidated subsidiaries | ₩ 178,908 | ₩ 178,908 | ₩ 178,908 |
Common stock [member] | |||
Disclosure of reporting entity [line items] | |||
Common stock outstanding | 357,815,700 | ||
American depository shares (one represents one-half of one share of common stock) [member] | |||
Disclosure of reporting entity [line items] | |||
Common stock outstanding | 20,890,926 | ||
Consolidated subsidiaries [member] | |||
Disclosure of reporting entity [line items] | |||
Distributed dividends from consolidated subsidiaries | ₩ 90,281 | ₩ 603,493 | ₩ 349,977 |
Entity that has significant influence over the controlling company [member] | LG Electronics Inc. [member] | |||
Disclosure of reporting entity [line items] | |||
Percentage of Controlling Company's equity interests held by a major shareholder | 37.90% | ||
Common stock shares of Controlling Company held by a major shareholder | 135,625,000 |
Reporting Entity - Summary of C
Reporting Entity - Summary of Consolidated Subsidiaries (Detail) € in Millions, ₩ in Millions, ¥ in Millions, ¥ in Millions, zł in Millions, $ in Millions, $ in Millions | 12 Months Ended | |||||||
Dec. 31, 2018KRW (₩) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018JPY (¥) | Dec. 31, 2018PLN (zł) | Dec. 31, 2018TWD ($) | Dec. 31, 2017KRW (₩) | |
Disclosure of subsidiaries [line items] | ||||||||
Fiscal year end | --12-31 | |||||||
Capital stocks | ₩ | ₩ 1,789,079 | ₩ 1,789,079 | ||||||
LG Display America, Inc. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | San Jose, U.S.A. | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Sep. 24, 1999 | |||||||
Business | Sell Display products | |||||||
Capital stocks | $ | $ 411 | |||||||
LG Display Japan Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Tokyo, Japan | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Oct. 12, 1999 | |||||||
Business | Sell Display products | |||||||
Capital stocks | ¥ 95 | |||||||
LG Display Germany GmbH [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Eschborn, Germany | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Nov. 5, 1999 | |||||||
Business | Sell Display products | |||||||
Capital stocks | € | € 1 | |||||||
LG Display Taiwan Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Taipei, Taiwan | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Apr. 12, 1999 | |||||||
Business | Sell Display products | |||||||
Capital stocks | $ | $ 116 | |||||||
LG Display Nanjing Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Nanjing, China | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Jul. 15, 2002 | |||||||
Business | Manufacture Display products | |||||||
Capital stocks | ¥ 3,020 | |||||||
LG Display Shanghai Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Shanghai, China | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Jan. 16, 2003 | |||||||
Business | Sell Display products | |||||||
Capital stocks | 4 | |||||||
LG Display Poland Sp. z o.o. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Wroclaw, Poland | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Sep. 6, 2005 | |||||||
Business | Manufacture Display products | |||||||
Capital stocks | zł | zł 511 | |||||||
LG Display Guangzhou Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Guangzhou, China | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Jun. 30, 2006 | |||||||
Business | Manufacture Display products | |||||||
Capital stocks | 1,655 | |||||||
LG Display Shenzhen Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Shenzhen, China | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Aug. 28, 2007 | |||||||
Business | Sell Display products | |||||||
Capital stocks | 4 | |||||||
LG Display Singapore Pte. Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Singapore | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Jan. 12, 2009 | |||||||
Business | Sell Display products | |||||||
Capital stocks | $ | 1.1 | |||||||
L&T Display Technology (Fujian) Limited [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Fujian, China | |||||||
Percentage of ownership | 51.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Jan. 5, 2010 | |||||||
Business | Manufacture and sell LCD module and LCD monitor sets | |||||||
Capital stocks | 116 | |||||||
LG Display Yantai Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Yantai, China | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Apr. 19, 2010 | |||||||
Business | Manufacture Display products | |||||||
Capital stocks | 1,008 | |||||||
Nanumnuri Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Gumi, South Korea | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Mar. 21, 2012 | |||||||
Business | Janitorial services | |||||||
Capital stocks | ₩ | ₩ 800 | |||||||
LG Display (China) Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Guangzhou, China | |||||||
Percentage of ownership | 70.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Dec. 10, 2012 | |||||||
Business | Manufacture and sell Display products | |||||||
Capital stocks | 8,232 | |||||||
Unified Innovative Technology, LLC [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Wilmington, U.S.A. | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Mar. 12, 2014 | |||||||
Business | Manage intellectual property | |||||||
Capital stocks | $ | 9 | |||||||
LG Display Guangzhou Trading Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Guangzhou, China | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Apr. 28, 2015 | |||||||
Business | Sell Display products | |||||||
Capital stocks | 1.2 | |||||||
Global OLED Technology, LLC [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Herndon, U.S.A. | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Dec. 18, 2009 | |||||||
Business | Manage OLED intellectual property | |||||||
Capital stocks | $ | 138 | |||||||
LG Display Vietnam Haiphong Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Haiphong Vietnam | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | May 5, 2016 | |||||||
Business | Manufacture Display products | |||||||
Capital stocks | $ | 300 | |||||||
Suzhou Lehui Display Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Suzhou, China | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Jul. 1, 2016 | |||||||
Business | Manufacture and sell LCD module and LCD monitor sets | |||||||
Capital stocks | 637 | |||||||
LG DISPLAY FUND I LLC [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Wilmington, U.S.A. | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | May 1, 2015 | |||||||
Business | Invest in venture business and obtain technologies | |||||||
Capital stocks | $ | $ 2 | |||||||
LG Display High-Tech (China) Co., Ltd. [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Guangzhou, China | |||||||
Percentage of ownership | 69.00% | |||||||
Fiscal year end | --12-31 | |||||||
Date of incorporation | Jul. 11, 2018 | |||||||
Business | Manufacture Display products | |||||||
Capital stocks | ¥ 6,517 | |||||||
Money market trust [member] | ||||||||
Disclosure of subsidiaries [line items] | ||||||||
Location | Seoul, South Korea | |||||||
Percentage of ownership | 100.00% | |||||||
Fiscal year end | --12-31 | |||||||
Business | Money market trust | |||||||
Capital stocks | ₩ | ₩ 24,501 |
Reporting Entity - Summary of_2
Reporting Entity - Summary of Consolidated Subsidiaries (Parenthetical) (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2018KRW (₩) | |
LG Display Vietnam Haiphong Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Cash contribution for capital increase in consolidated subsidiaries | ₩ 212,600 |
Percentage of ownership | 100.00% |
LG DISPLAY FUND I LLC [member] | |
Disclosure of subsidiaries [line items] | |
Percentage of ownership | 100.00% |
LG Display High-Tech (China) Co., Ltd. [member] | |
Disclosure of subsidiaries [line items] | |
Percentage of ownership | 69.00% |
Money market trust [member] | |
Disclosure of subsidiaries [line items] | |
Percentage of ownership | 100.00% |
Acquired value | ₩ 24,501 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Additional Information (Detail) - KRW (₩) | Jan. 01, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about financial instruments [Line Items] | |||
Financial liabilities measured at FVTPL | ₩ 0 | ||
Reclassified inventories to property plant and equipment | ₩ 111,456 | ||
Impact of IFRS 16 Leases [member] | |||
Disclosure of detailed information about financial instruments [Line Items] | |||
Impact of consolidated financial statements after adoption of IFRS 16 | 1.00% | ||
Initial Adoption of IFRS 9 [member] | Retained earnings [member] | |||
Disclosure of detailed information about financial instruments [Line Items] | |||
Impact on opening balance of retained earnings | ₩ 0 | ||
Mask and Mold [member] | |||
Disclosure of detailed information about financial instruments [Line Items] | |||
Estimated useful lives of the assets | P2Y |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Schedule of Changes in Each Class of Financial Assets from Original Measurement Categories under IAS39 to Measurement Categories under IFRS 9 (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Financial assets | |||||
Cash and cash equivalents | ₩ 2,365,022 | ₩ 2,602,560 | ₩ 1,558,696 | ₩ 751,662 | |
Deposits | 78,400 | 758,078 | |||
Trade receivables | ₩ 2,829,163 | ₩ 4,325,120 | |||
IAS 39 [member] | |||||
Financial assets | |||||
Financial assets | ₩ 7,946,422 | ||||
Loans and receivables, category [member] | IAS 39 [member] | |||||
Financial assets | |||||
Cash and cash equivalents | 2,602,560 | ||||
Deposits | 758,089 | ||||
Trade receivables | 4,325,120 | ||||
Other receivables | 173,565 | ||||
Others | 79,552 | ||||
Available-for-sale financial assets [member] | IAS 39 [member] | |||||
Financial assets | |||||
Debt instrument | 162 | ||||
Equity instrument | 4,980 | ||||
Designated as at FVTPL [member] | IAS 39 [member] | |||||
Financial assets | |||||
Convertible bonds | 1,552 | ||||
Derivatives | 842 | ||||
IFRS9 [member] | |||||
Financial assets | |||||
Financial assets | 7,946,422 | ||||
IFRS9 [member] | Financial assets at amortised cost, category [member] | |||||
Financial assets | |||||
Cash and cash equivalents | 2,602,560 | ||||
Deposits | 758,089 | ||||
Trade receivables | 4,325,120 | ||||
Other receivables | 173,565 | ||||
Others | 79,552 | ||||
IFRS9 [member] | Financial assets at fair value through other comprehensive income, category [member] | |||||
Financial assets | |||||
Debt instrument | 162 | ||||
IFRS9 [member] | Mandatorily at FVTPL [member] | |||||
Financial assets | |||||
Equity instrument | 4,980 | ||||
Convertible bonds | 1,552 | ||||
Derivatives | ₩ 842 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Schedule of Effect on Application of IFRS 15 on Group's Consolidated Statement of Financial Position (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Current assets | ||
Other current assets | ₩ 546,048 | ₩ 241,928 |
Current liabilities | ||
Provisions | 98,254 | |
Increase (decrease) due to application of IFRS 15 [member] | ||
Current assets | ||
Other current assets | (7,489) | |
Current liabilities | ||
Provisions | (7,489) | |
Amounts (Balance) without adoption of IFRS 15 [member] | ||
Current assets | ||
Other current assets | 538,559 | |
Current liabilities | ||
Provisions | ₩ 90,765 |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Buildings and structures [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 20 years |
Buildings and structures [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 40 years |
Machinery [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 4 years |
Machinery [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 5 years |
Furniture and fixtures [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 4 years |
Equipment, tools and vehicles [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 2 years |
Equipment, tools and vehicles [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 4 years |
Equipment, tools and vehicles [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Estimated useful lives of the assets | 12 years |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies - Schedule of Impact on Depreciation Expense of Property Plant and Equipment and Newly Acquired Property Plant and Equipment (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |||||
Increase (decrease) in depreciation expense | ₩ 3,123,659 | ₩ 2,791,883 | ₩ 2,643,445 | ||
Depreciation Adjustment [member] | |||||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||||
Increase (decrease) in depreciation expense | ₩ 52,009 | ₩ 58,364 | ₩ (110,373) |
Summary of Significant Accoun_9
Summary of Significant Accounting Policies - Estimated Useful Lives of Intangible Assets, Other Than Goodwill (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Intellectual property rights [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | 5 years |
Intellectual property rights [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | 10 years |
Rights to use electricity, water and gas supply facilities [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | 10 years |
Software [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | 4 years |
Customer relationships [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | 7 years |
Customer relationships [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | 10 years |
Technology [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | 10 years |
Development costs [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | Life cycle of developed products |
Condominium and golf club memberships [member] | |
Disclosure of detailed information about intangible assets [Line Items] | |
Estimated useful lives of intangible assets, other than goodwill | Indefinite and not amortized |
Cash and Cash Equivalents and_3
Cash and Cash Equivalents and Deposits in Banks - Summary of Cash and Cash Equivalents and Deposits in Banks (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Current assets | ||||
Cash and cash equivalents, Demand deposits | ₩ 2,365,022 | ₩ 2,602,560 | ₩ 1,558,696 | ₩ 751,662 |
Deposits in banks, Time deposits | 4,318 | 685,238 | ||
Deposits in banks, Restricted cash | 74,082 | 72,840 | ||
Deposits in banks | 78,400 | 758,078 | ||
Non-current assets | ||||
Deposits in banks, Restricted cash | 11 | 11 | ||
Cash and cash equivalents and deposits in banks | ₩ 2,443,433 | ₩ 3,360,649 |
Receivables and Other Assets -
Receivables and Other Assets - Summary of Trade Accounts and Notes Receivable (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [Line Items] | ||
Trade accounts and notes receivable, net | ₩ 2,829,163 | ₩ 4,325,120 |
Related parties [member] | ||
Disclosure of financial assets [Line Items] | ||
Trade accounts and notes receivable, net | 523,795 | 1,049,218 |
Trade, net [member] | ||
Disclosure of financial assets [Line Items] | ||
Trade accounts and notes receivable, net | ₩ 2,305,368 | ₩ 3,275,902 |
Receivables and Other Assets _2
Receivables and Other Assets - Summary of Other Accounts Receivable (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [abstract] | ||
Non-trade receivable, net | ₩ 159,238 | ₩ 150,554 |
Accrued income | 10,075 | 14,273 |
Other accounts receivable, net | 169,313 | 164,827 |
Long-term non-trade receivable | 11,448 | 8,738 |
Other non-current accounts receivable, net | ₩ 180,761 | ₩ 173,565 |
Receivables and Other Assets _3
Receivables and Other Assets - Additional Information (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [Line Items] | ||
Other accounts receivable, net | ₩ 169,313 | ₩ 164,827 |
Related parties [member] | ||
Disclosure of financial assets [Line Items] | ||
Other accounts receivable, net | ₩ 39,092 | ₩ 10,821 |
Receivables and Other Assets _4
Receivables and Other Assets - Aging of Trade Accounts and Notes Receivable, Other Accounts Receivable and Long-term Non-trade Receivable (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | ₩ 2,829,163 | ₩ 4,325,120 |
Other accounts receivable | 169,313 | 164,827 |
Gross carrying amount [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | 2,829,640 | 4,326,752 |
Other accounts receivable | 182,042 | 174,876 |
Gross carrying amount [member] | Not past due [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | 2,807,598 | 4,323,465 |
Other accounts receivable | 177,689 | 173,493 |
Gross carrying amount [member] | Past due [member] | 1-15 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | 21,558 | 2,652 |
Other accounts receivable | 3,148 | 488 |
Gross carrying amount [member] | Past due [member] | 16-30 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | 454 | 631 |
Other accounts receivable | 441 | 65 |
Gross carrying amount [member] | Past due [member] | 31-60 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | 30 | |
Other accounts receivable | 96 | 208 |
Gross carrying amount [member] | Past due [member] | More than 60 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | 4 | |
Other accounts receivable | 668 | 622 |
Accumulated impairment [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | (477) | (1,632) |
Other accounts receivable | (1,281) | (1,311) |
Accumulated impairment [member] | Not past due [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | (473) | (1,631) |
Other accounts receivable | (816) | (905) |
Accumulated impairment [member] | Past due [member] | 1-15 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Trade accounts and notes receivable | (4) | (1) |
Other accounts receivable | (26) | (3) |
Accumulated impairment [member] | Past due [member] | 16-30 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Other accounts receivable | (4) | (1) |
Accumulated impairment [member] | Past due [member] | 31-60 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Other accounts receivable | (1) | (2) |
Accumulated impairment [member] | Past due [member] | More than 60 days [member] | ||
Disclosure of financial assets that are either past due or impaired [Line Items] | ||
Other accounts receivable | ₩ (434) | ₩ (400) |
Receivables and Other Assets _5
Receivables and Other Assets - Movement in Allowance for Impairment in Respect of Trade Accounts and Notes Receivable and Other Accounts Receivable (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Other accounts receivable [member] | |||
Disclosure of financial assets that are either past due or impaired [Line Items] | |||
Balance at the beginning of the year | ₩ 1,311 | ₩ 1,116 | ₩ 618 |
(Reversal of) bad debt expense | (30) | 195 | 498 |
Balance at the end of the year | 1,281 | 1,311 | 1,116 |
Trade accounts and notes receivable [member] | |||
Disclosure of financial assets that are either past due or impaired [Line Items] | |||
Balance at the beginning of the year | 1,632 | 1,488 | 1,507 |
(Reversal of) bad debt expense | (1,155) | 144 | (19) |
Balance at the end of the year | ₩ 477 | ₩ 1,632 | ₩ 1,488 |
Receivables and Other Assets _6
Receivables and Other Assets - Summary of Other Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Current assets | ||
Advance payments | ₩ 13,259 | ₩ 7,973 |
Prepaid expenses | 89,110 | 83,626 |
Value added tax refundable | 436,190 | 148,351 |
Emission rights | 1,978 | |
Right to recover returned goods | 7,489 | |
Other current assets | 546,048 | 241,928 |
Non-current assets | ||
Long-term prepaid expenses | ₩ 381,983 | ₩ 394,759 |
Other Financial Assets - Summar
Other Financial Assets - Summary of Other Financial Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Current assets | ||
Deposits | ₩ 10,480 | |
Short-term loans | ₩ 16,116 | 16,766 |
Other current financial assets | 46,301 | 27,252 |
Non-current assets | ||
Financial asset at fair value through profit or loss | 1,552 | |
Other non-current financial assets | 144,214 | 59,836 |
Derivatives [member] | ||
Current assets | ||
Current Financial Assets At Fair value through profit Or loss | 13,059 | |
Non-current assets | ||
Other non-current financial assets | 842 | |
Debt securities [member] | Government bonds [member] | ||
Current assets | ||
Debt instrument Government bonds | 6 | |
Current financial assets measured at fair Value through Other Comprehensive Income | 106 | |
Non-current assets | ||
Non-current available-for-sale financial assets | 156 | |
Deposits [member] | ||
Current assets | ||
Current Financial Assets At Amortised Cost | 17,020 | |
Non-current assets | ||
Other non-current financial assets | 74,103 | |
Short term Loans And Receivables[member] | ||
Current assets | ||
Current Financial Assets At Amortised Cost | 16,116 | |
Equity securities [member] | ||
Non-current assets | ||
Financial asset at fair value through profit or loss | 13,681 | |
Non-current available-for-sale financial assets | 4,980 | |
Equity securities [member] | Intellectual Discovery Co., Ltd. [member] | ||
Non-current assets | ||
Financial asset at fair value through profit or loss | 4,598 | |
Non-current available-for-sale financial assets | 729 | |
Equity securities [member] | Kyulux, Inc. [member] | ||
Non-current assets | ||
Financial asset at fair value through profit or loss | 2,460 | |
Non-current available-for-sale financial assets | 1,968 | |
Equity securities [member] | Fineeva Co., Ltd [member] | ||
Non-current assets | ||
Financial asset at fair value through profit or loss | 286 | |
Equity securities [member] | ARCH Venture Fund Vill, L.P. [member] | ||
Non-current assets | ||
Financial asset at fair value through profit or loss | 6,337 | |
Non-current available-for-sale financial assets | 2,283 | |
Convertible bonds [member] | ||
Non-current assets | ||
Financial asset at fair value through profit or loss | 1,327 | |
Debt Instruments [member] | Government bonds [member] | ||
Non-current assets | ||
Non-current available-for-sale financial assets | 55 | |
Long term Loans And Receivables [member] | ||
Non-current assets | ||
Other non-current financial assets | ₩ 55,048 | |
Deposits [member] | ||
Non-current assets | ||
Other non-current financial assets | 19,898 | |
Long-term loans [member] | ||
Non-current assets | ||
Other non-current financial assets | ₩ 32,408 |
Other Financial Assets - Additi
Other Financial Assets - Additional Information (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Related parties [member] | ||
Disclosure of financial assets [Line Items] | ||
Other financial assets | ₩ 2,000 | ₩ 2,750 |
Inventories - Summary of Invent
Inventories - Summary of Inventories (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Classes of current inventories [abstract] | ||
Finished goods | ₩ 1,084,297 | ₩ 965,643 |
Work-in-process | 856,388 | 748,592 |
Raw materials | 554,720 | 344,997 |
Supplies | 195,798 | 290,852 |
Inventories | ₩ 2,691,203 | ₩ 2,350,084 |
Inventories - Inventories Recog
Inventories - Inventories Recognized as Cost of Sales and Inventory Write-downs Included in Cost of Sales (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Write-downs (reversals of write-downs) of inventories [abstract] | |||
Inventories recognized as cost of sales | ₩ 21,251,305 | ₩ 22,424,661 | ₩ 22,754,270 |
Including: inventory write-downs | ₩ 313,180 | ₩ 206,127 | ₩ 204,123 |
Investments in Equity Account_3
Investments in Equity Accounted Investees - Summary of Associates (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates and joint ventures [Line Items] | |||
Fiscal year end | --12-31 | ||
Carrying amount | ₩ 113,989 | ₩ 122,507 | ₩ 172,683 |
Paju Electric Glass Co., Ltd. [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Paju, South Korea | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2005-01 | ||
Business | Manufacture electric glass for FPDs | ||
Percentage of ownership | 40.00% | 40.00% | |
Carrying amount | ₩ 47,823 | ₩ 46,511 | ₩ 52,750 |
INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Seongnam, South Korea | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2001-01 | ||
Business | Develop and manufacture equipment for FPDs | ||
Percentage of ownership | 13.00% | 13.00% | |
Carrying amount | ₩ 4,166 | ₩ 2,887 | |
WooRee E&L Co., Ltd. [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Ansan, South Korea | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2008-06 | ||
Business | Manufacture LED back light unit packages | ||
Percentage of ownership | 14.00% | 14.00% | |
Carrying amount | ₩ 4,746 | ₩ 7,270 | |
LB Gemini new growth fund no.16 [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Seoul, South Korea | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2009-12 | ||
Business | Invest in small and middle sized companies and benefit from M&A opportunities | ||
Percentage of ownership | 31.00% | ||
Carrying amount | ₩ 5,910 | ||
YAS Co., Ltd. [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Paju, South Korea | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2002-04 | ||
Business | Develop and manufacture deposition equipment for OLEDs | ||
Percentage of ownership | 15.00% | 15.00% | |
Carrying amount | ₩ 16,308 | ₩ 15,888 | |
AVATEC Co., Ltd. [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Daegu, South Korea | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2000-08 | ||
Business | Process and sell electric glass for FPDs | ||
Percentage of ownership | 17.00% | 17.00% | |
Carrying amount | ₩ 23,441 | ₩ 23,732 | |
Arctic Sentinel, Inc. (Fuhu, Inc.) [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Los Angeles, U.S.A. | ||
Fiscal year end | --03-31 | ||
Date of incorporation | 2008-06 | ||
Business | Develop and manufacture tablet for kids | ||
Percentage of ownership | 10.00% | 10.00% | |
CYNORA GmbH [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Bruchsal, Germany | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2003-03 | ||
Business | Develop organic emitting materials for displays and lighting devices | ||
Percentage of ownership | 14.00% | 14.00% | |
Carrying amount | ₩ 8,668 | ₩ 20,309 | |
Material Science Co Ltd [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Seoul, South Korea | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2014-01 | ||
Business | Develop, manufacture, and sell materials for display | ||
Percentage of ownership | 10.00% | ||
Carrying amount | ₩ 3,346 | ||
Nanosys Inc [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Location | Milpitas, U.S.A. | ||
Fiscal year end | --12-31 | ||
Date of incorporation | 2001-07 | ||
Business | Develop, manufacture, and sell materials for display | ||
Percentage of ownership | 4.00% | ||
Carrying amount | ₩ 5,491 |
Investments in Equity Account_4
Investments in Equity Accounted Investees - Summary of Associates (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 1 Months Ended | 12 Months Ended | |||
May 31, 2018 | Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates and joint ventures [Line Items] | |||||
Capital distribution received | ₩ 4,527 | ₩ 13,128 | ₩ 29,745 | ||
Impairment loss recognised in profit or loss | ₩ (16,595) | ₩ (4,234) | |||
INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 13.00% | 13.00% | |||
WooRee E&L Co., Ltd. [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 14.00% | 14.00% | |||
Reversal of impairment loss recognised in profit or loss | ₩ 802 | ||||
LB Gemini new growth fund no.16 [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 31.00% | ||||
Capital distribution received | ₩ 1,545 | ||||
Impairment loss recognised in profit or loss | ₩ 385 | ||||
YAS Co., Ltd. [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 15.00% | 15.00% | |||
AVATEC Co., Ltd. [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 17.00% | 17.00% | |||
Arctic Sentinel, Inc. (Fuhu, Inc.) [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 10.00% | 10.00% | |||
CYNORA GmbH [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 14.00% | 14.00% | |||
Impairment loss recognised in profit or loss | ₩ 11,641 | ||||
Material Science Co Ltd [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 10.00% | ||||
Impairment loss recognised in profit or loss | ₩ 671 | ||||
Investments in associates | ₩ 4,000 | ||||
Number of preferred stock shares acquired | 10,767 | ||||
Nanosys Inc [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 4.00% | ||||
Impairment loss recognised in profit or loss | ₩ 5,085 | ||||
Investments in associates | ₩ 10,732 | ||||
Number of preferred stock shares acquired | 5,699,954 | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | WooRee E&L Co., Ltd. [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | YAS Co., Ltd. [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | AVATEC Co., Ltd. [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | Arctic Sentinel, Inc. (Fuhu, Inc.) [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | CYNORA GmbH [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | Material Science Co Ltd [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% | ||||
Entity that has significant influence over the controlling company [member] | Top of range [member] | Nanosys Inc [member] | |||||
Disclosure of associates and joint ventures [Line Items] | |||||
Percentage of ownership | 20.00% |
Investments in Equity Account_5
Investments in Equity Accounted Investees - Additional Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates and joint ventures [Line Items] | |||
Dividends received from a joint venture and equity method investees | ₩ 5,272 | ₩ 8,639 | ₩ 59,820 |
INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Market value for Controlling Company's investments | 8,850 | ||
WooRee E&L Co., Ltd. [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Market value for Controlling Company's investments | 4,746 | ||
YAS Co., Ltd. [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Market value for Controlling Company's investments | 31,200 | ||
AVATEC Co., Ltd. [member] | |||
Disclosure of associates and joint ventures [Line Items] | |||
Market value for Controlling Company's investments | ₩ 14,151 |
Investments in Equity Account_6
Investments in Equity Accounted Investees - Summary of Financial Information of Significant Associate (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates [Line Items] | |||
Total assets | ₩ 33,175,710 | ₩ 29,159,687 | |
Current assets | 8,800,127 | 10,473,703 | |
Non-current assets | 24,375,583 | 18,685,984 | |
Total liabilities | 18,289,464 | 14,178,177 | |
Current liabilities | 9,954,483 | 8,978,682 | |
Non-current liabilities | 8,334,981 | 5,199,495 | |
Revenue | 24,336,571 | 27,790,216 | ₩ 26,504,074 |
Profit for the year | (179,443) | 1,937,052 | 931,508 |
Other comprehensive income (loss) | (15,409) | (237,393) | 21,975 |
Total comprehensive income | (194,852) | 1,699,659 | 953,483 |
Paju Electric Glass Co., Ltd. [member] | |||
Disclosure of associates [Line Items] | |||
Total assets | 194,021 | 193,584 | |
Current assets | 128,788 | 146,702 | |
Non-current assets | 65,233 | 46,882 | |
Total liabilities | 72,686 | 77,174 | |
Current liabilities | 66,797 | 71,973 | |
Non-current liabilities | 5,889 | 5,201 | |
Revenue | 384,144 | 408,846 | 549,559 |
Profit for the year | 12,744 | 12,327 | 21,082 |
Other comprehensive income (loss) | 2,612 | (9,366) | 16,477 |
Total comprehensive income | ₩ 15,356 | ₩ 2,961 | ₩ 37,559 |
Investments in Equity Account_7
Investments in Equity Accounted Investees - Reconciliation from Financial Information of Significant Associate to its Carrying Value in Consolidated Financial Statements (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates [Line Items] | |||
Book value | ₩ 113,989 | ₩ 122,507 | ₩ 172,683 |
Paju Electric Glass Co., Ltd. [member] | |||
Disclosure of associates [Line Items] | |||
Net asset | ₩ 121,335 | ₩ 116,410 | |
Ownership interest | 40.00% | 40.00% | |
Net asset (applying ownership interest) | ₩ 48,534 | ₩ 46,564 | |
Goodwill | 0 | 0 | |
Intra-group transaction | (711) | (53) | |
Book value | ₩ 47,823 | ₩ 46,511 | ₩ 52,750 |
Investments in Equity Account_8
Investments in Equity Accounted Investees - Summary of Financial Information of Other Associates, in Aggregate (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates [Line Items] | |||
Book value | ₩ 113,989 | ₩ 122,507 | ₩ 172,683 |
Profit (loss) for the year | (179,443) | 1,937,052 | 931,508 |
Other comprehensive income (loss) | (15,409) | (237,393) | 21,975 |
Total comprehensive income (loss) | (194,852) | 1,699,659 | 953,483 |
Other associates [member] | |||
Disclosure of associates [Line Items] | |||
Book value | 66,166 | 75,996 | ₩ 119,933 |
Profit (loss) for the year | (3,739) | 3,943 | |
Other comprehensive income (loss) | (988) | 5,093 | |
Total comprehensive income (loss) | ₩ (4,727) | ₩ 9,036 |
Investments in Equity Account_9
Investments in Equity Accounted Investees - Changes in Investments in Associates and a Joint Venture Accounted for Using The Equity Method (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of associates [Line Items] | |||
Beginning balance | ₩ 122,507 | ₩ 172,683 | |
Acquisition/Disposal | 12,592 | (48,209) | |
Dividends received | (5,272) | (8,639) | ₩ (59,820) |
Equity income (loss) on investments | 700 | 9,560 | 8,339 |
Other comprehensive income (loss) | 57 | 1,346 | (5,216) |
Other gain (loss) | (16,595) | (4,234) | |
Ending balance | 113,989 | 122,507 | 172,683 |
Paju Electric Glass Co., Ltd. [member] | |||
Disclosure of associates [Line Items] | |||
Beginning balance | 46,511 | 52,750 | |
Dividends received | (4,172) | (8,109) | |
Equity income (loss) on investments | 4,439 | 5,617 | |
Other comprehensive income (loss) | 1,045 | (3,747) | |
Ending balance | 47,823 | 46,511 | 52,750 |
Other associates [member] | |||
Disclosure of associates [Line Items] | |||
Beginning balance | 75,996 | 119,933 | |
Acquisition/Disposal | 12,592 | (48,209) | |
Dividends received | (1,100) | (530) | |
Equity income (loss) on investments | (3,739) | 3,943 | |
Other comprehensive income (loss) | (988) | 5,093 | |
Other gain (loss) | (16,595) | (4,234) | |
Ending balance | ₩ 66,166 | ₩ 75,996 | ₩ 119,933 |
Property, Plant and Equipment -
Property, Plant and Equipment - Changes in Property, Plant and Equipment (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | ₩ 16,201,960 | ₩ 12,031,449 | |
Additions | 8,605,551 | 7,272,476 | |
Depreciation | (3,123,659) | (2,791,883) | |
Disposals | (116,210) | (86,708) | |
Impairment loss | (43,601) | ₩ (1,610) | |
Others | 107,450 | ||
Effect of movements in exchange rates | 40,010 | (221,515) | |
Government grants received | (1,210) | (1,859) | |
Reclassification to assets held-for-sale | (70,161) | ||
Ending balance | 21,600,130 | 16,201,960 | 12,031,449 |
Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 52,851,330 | 48,178,391 | |
Ending balance | 60,518,509 | 52,851,330 | 48,178,391 |
Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (36,645,323) | (36,143,001) | |
Ending balance | (38,870,782) | (36,645,323) | (36,143,001) |
Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (4,047) | (3,941) | |
Ending balance | (47,597) | (4,047) | (3,941) |
Land [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 460,511 | 461,484 | |
Disposals | (15) | (1,042) | |
Others | 1,332 | 69 | |
Ending balance | 461,828 | 460,511 | 461,484 |
Land [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 460,511 | 461,484 | |
Ending balance | 461,828 | 460,511 | 461,484 |
Buildings and structures [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 3,858,779 | 3,885,160 | |
Depreciation | (318,311) | (295,045) | |
Disposals | (161) | (7,206) | |
Others | 55,430 | 339,640 | |
Effect of movements in exchange rates | 9,809 | (63,222) | |
Government grants received | (548) | ||
Reclassification to assets held-for-sale | (69,758) | ||
Ending balance | 3,535,788 | 3,858,779 | 3,885,160 |
Buildings and structures [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 6,539,506 | 6,284,778 | |
Ending balance | 6,528,939 | 6,539,506 | 6,284,778 |
Buildings and structures [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (2,678,970) | (2,397,967) | |
Ending balance | (2,991,445) | (2,678,970) | (2,397,967) |
Buildings and structures [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (1,757) | (1,651) | |
Ending balance | (1,706) | (1,757) | (1,651) |
Machinery And Equipment1 [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 5,712,750 | 4,522,528 | |
Depreciation | (2,568,335) | (2,416,202) | |
Disposals | (112,752) | (75,275) | |
Impairment loss | (25,711) | ||
Others | 1,959,645 | 3,825,155 | |
Effect of movements in exchange rates | 14,520 | (140,306) | |
Government grants received | (1,029) | (3,150) | |
Reclassification to assets held-for-sale | (1) | ||
Ending balance | 4,979,087 | 5,712,750 | 4,522,528 |
Machinery And Equipment1 [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 38,901,158 | 37,472,177 | |
Ending balance | 39,825,070 | 38,901,158 | 37,472,177 |
Machinery And Equipment1 [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (33,186,118) | (32,947,359) | |
Ending balance | (34,817,982) | (33,186,118) | (32,947,359) |
Machinery And Equipment1 [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (2,290) | (2,290) | |
Ending balance | (28,001) | (2,290) | (2,290) |
Furniture and fixtures [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 141,342 | 124,258 | |
Depreciation | (67,274) | (66,963) | |
Disposals | (311) | (52) | |
Others | 68,177 | 87,186 | |
Effect of movements in exchange rates | 359 | (3,087) | |
Reclassification to assets held-for-sale | (37) | ||
Ending balance | 142,256 | 141,342 | 124,258 |
Furniture and fixtures [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 772,824 | 775,682 | |
Ending balance | 834,628 | 772,824 | 775,682 |
Furniture and fixtures [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (631,482) | (651,424) | |
Ending balance | (692,372) | (631,482) | (651,424) |
Construction-in-progress [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 5,971,856 | 2,981,964 | |
Additions | 8,605,551 | 7,272,476 | |
Impairment loss | (17,890) | ||
Others | (2,357,412) | (4,270,210) | |
Effect of movements in exchange rates | 15,010 | (14,213) | |
Government grants received | (181) | 1,839 | |
Ending balance | 12,216,934 | 5,971,856 | 2,981,964 |
Construction-in-progress [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 5,971,856 | 2,981,964 | |
Ending balance | 12,234,824 | 5,971,856 | 2,981,964 |
Construction-in-progress [member] | Accumulated impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Ending balance | (17,890) | ||
Others [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 56,722 | 56,055 | |
Depreciation | (169,739) | (13,673) | |
Disposals | (2,971) | (3,133) | |
Others | 380,278 | 18,160 | |
Effect of movements in exchange rates | 312 | (687) | |
Reclassification to assets held-for-sale | (365) | ||
Ending balance | 264,237 | 56,722 | 56,055 |
Others [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | 205,475 | 202,306 | |
Ending balance | 633,220 | 205,475 | 202,306 |
Others [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning balance | (148,753) | (146,251) | |
Ending balance | ₩ (368,893) | ₩ (148,753) | ₩ (146,251) |
Property, Plant and Equipment_2
Property, Plant and Equipment - Capitalized Borrowing Costs and Capitalization Rate (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Borrowing costs [abstract] | |||
Capitalized borrowing costs | ₩ 146,607 | ₩ 47,686 | ₩ 16,909 |
Capitalization rate | 2.80% | 1.92% | 2.91% |
Intangible Assets - Changes in
Intangible Assets - Changes in Intangible Assets (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | ₩ 912,821 | ₩ 894,937 | |
Amortization | (430,906) | (422,693) | |
Disposals | (721) | (1,396) | |
Impairment loss | (82) | (1,809) | ₩ (138) |
Reversal of impairment loss | 348 | 35 | |
Transfer from construction-in-progress | 449 | (3,218) | |
Effect of movements in exchange rates | 4,638 | (25,568) | |
Ending balance | 987,642 | 912,821 | 894,937 |
Internally developed [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Additions | 372,835 | 336,207 | |
External purchases [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Additions | 128,260 | 136,326 | |
Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 3,836,290 | 3,408,991 | |
Ending balance | 4,344,102 | 3,836,290 | 3,408,991 |
Accumulated depreciation and amortisation [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (2,911,684) | (2,504,043) | |
Ending balance | (3,344,939) | (2,911,684) | (2,504,043) |
Accumulated impairment [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (11,785) | (10,011) | |
Ending balance | (11,521) | (11,785) | (10,011) |
Intellectual property rights [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 246,966 | 286,266 | |
Amortization | (43,437) | (42,195) | |
Disposals | (4) | ||
Effect of movements in exchange rates | 1,896 | (19,847) | |
Ending balance | 230,021 | 246,966 | 286,266 |
Intellectual property rights [member] | External purchases [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Additions | 24,596 | 22,746 | |
Intellectual property rights [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 895,721 | 904,664 | |
Ending balance | 926,969 | 895,721 | 904,664 |
Intellectual property rights [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (648,755) | (618,398) | |
Ending balance | (696,948) | (648,755) | (618,398) |
Software [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 161,490 | 145,772 | |
Amortization | (80,159) | (78,939) | |
Transfer from construction-in-progress | 95,028 | 98,989 | |
Effect of movements in exchange rates | 1,240 | (4,332) | |
Ending balance | 177,599 | 161,490 | 145,772 |
Software [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 898,278 | 806,835 | |
Ending balance | 992,139 | 898,278 | 806,835 |
Software [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (736,788) | (661,063) | |
Ending balance | (814,540) | (736,788) | (661,063) |
Memberships [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 43,200 | 41,553 | |
Disposals | (721) | (1,392) | |
Impairment loss | (82) | (1,809) | |
Reversal of impairment loss | 348 | 35 | |
Transfer from construction-in-progress | 449 | ||
Effect of movements in exchange rates | 1 | (6) | |
Ending balance | 46,039 | 43,200 | 41,553 |
Memberships [member] | External purchases [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Additions | 2,844 | 4,819 | |
Memberships [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 54,985 | 51,564 | |
Ending balance | 57,560 | 54,985 | 51,564 |
Memberships [member] | Accumulated impairment [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (11,785) | (10,011) | |
Ending balance | (11,521) | (11,785) | (10,011) |
Development costs [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 296,760 | 256,340 | |
Amortization | (302,685) | (295,787) | |
Ending balance | 366,910 | 296,760 | 256,340 |
Development costs [member] | Internally developed [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Additions | 372,835 | 336,207 | |
Development costs [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 1,769,998 | 1,433,791 | |
Ending balance | 2,142,832 | 1,769,998 | 1,433,791 |
Development costs [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (1,473,238) | (1,177,451) | |
Ending balance | (1,775,922) | (1,473,238) | (1,177,451) |
Construction-in-progress (software) [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 30,933 | 18,738 | |
Transfer from construction-in-progress | (95,028) | (98,989) | |
Effect of movements in exchange rates | 238 | 2,423 | |
Ending balance | 36,963 | 30,933 | 18,738 |
Construction-in-progress (software) [member] | External purchases [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Additions | 100,820 | 108,761 | |
Construction-in-progress (software) [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 30,933 | 18,738 | |
Ending balance | 36,963 | 30,933 | 18,738 |
Customer relationships [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 27,839 | 32,498 | |
Amortization | (3,517) | (4,659) | |
Ending balance | 24,322 | 27,839 | 32,498 |
Customer relationships [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 59,176 | 59,176 | |
Ending balance | 59,176 | 59,176 | 59,176 |
Customer relationships [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (31,337) | (26,678) | |
Ending balance | (34,854) | (31,337) | (26,678) |
Technology [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 2,584 | 3,692 | |
Amortization | (1,107) | (1,108) | |
Ending balance | 1,477 | 2,584 | 3,692 |
Technology [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 11,074 | 11,074 | |
Ending balance | 11,075 | 11,074 | 11,074 |
Technology [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (8,490) | (7,382) | |
Ending balance | (9,598) | (8,490) | (7,382) |
Goodwill [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 103,048 | 110,072 | |
Transfer from construction-in-progress | (3,218) | ||
Effect of movements in exchange rates | 1,263 | (3,806) | |
Ending balance | 104,311 | 103,048 | 110,072 |
Goodwill [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 103,048 | 110,072 | |
Ending balance | 104,311 | 103,048 | 110,072 |
Others [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 1 | 6 | |
Amortization | (1) | (5) | |
Ending balance | 1 | 6 | |
Others [member] | Gross carrying amount [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | 13,077 | 13,077 | |
Ending balance | 13,077 | 13,077 | 13,077 |
Others [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | |||
Beginning balance | (13,076) | (13,071) | |
Ending balance | ₩ (13,077) | ₩ (13,076) | ₩ (13,071) |
Intangible Assets - Changes i_2
Intangible Assets - Changes in Intangible Assets (Parenthetical) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||
Decrease in goodwill | ₩ (449) | ₩ 3,218 |
Goodwill [member] | ||
Disclosure of reconciliation of changes in intangible assets and goodwill [Line Items] | ||
Decrease in goodwill | ₩ 3,218 |
Intangible Assets - Summary of
Intangible Assets - Summary of Development Costs (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of development costs of intangible assets [line items] | ||
Development completed | ₩ 150,401 | ₩ 142,165 |
Development in process | 216,509 | 154,595 |
Development costs | 366,910 | 296,760 |
Mobile [member] | ||
Disclosure of development costs of intangible assets [line items] | ||
Development completed | 108,467 | 79,372 |
Development in process | ₩ 144,679 | ₩ 117,222 |
Remaining Useful life | 0.5 | 0.6 |
Televisions [member] | ||
Disclosure of development costs of intangible assets [line items] | ||
Development completed | ₩ 28,001 | ₩ 36,038 |
Development in process | ₩ 55,580 | ₩ 30,670 |
Remaining Useful life | 0.5 | 0.6 |
Notebook [member] | ||
Disclosure of development costs of intangible assets [line items] | ||
Development completed | ₩ 4,458 | ₩ 14,311 |
Development in process | ₩ 9,639 | ₩ 2,356 |
Remaining Useful life | 0.6 | 0.5 |
Other Products [member] | ||
Disclosure of development costs of intangible assets [line items] | ||
Development completed | ₩ 9,475 | ₩ 12,444 |
Development in process | ₩ 6,611 | ₩ 4,347 |
Remaining Useful life | 0.5 | 0.4 |
Financial Liabilities - Summary
Financial Liabilities - Summary of Financial Liabilities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Current | ||
Current portion of long-term borrowings and bonds | ₩ 1,553,907 | ₩ 1,452,926 |
Current financial liabilities | 1,553,907 | 1,452,926 |
Non-current | ||
Bonds | 1,772,599 | 1,506,003 |
Derivatives | 25,758 | |
Non-current financial liabilities | 7,030,628 | 4,150,192 |
Won [member] | ||
Current | ||
Current portion of long-term borrowings and bonds | 150,651 | 200,664 |
Non-current | ||
Non-current financial liabilities | 2,700,608 | 1,251,258 |
Bonds | 1,446,393 | 1,506,003 |
Foreign currencies [member] | ||
Non-current | ||
Non-current financial liabilities | 2,531,663 | ₩ 1,392,931 |
Bonds | ₩ 326,206 |
Financial Liabilities - Summa_2
Financial Liabilities - Summary of Long-term Borrowings (Detail) ₩ in Millions, ¥ in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2018KRW (₩) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017KRW (₩) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017USD ($) | |
Disclosure of detailed information about borrowings [Line Items] | ||||||
Long-term borrowings | ₩ 8,558,777 | ₩ 5,603,118 | ||||
Less current portion of long-term borrowings | (1,553,907) | (1,452,926) | ||||
Foreign currencies [member] | ||||||
Disclosure of detailed information about borrowings [Line Items] | ||||||
Long-term borrowings | ¥ 5,198 | $ 2,262 | ¥ 3,263 | $ 1,500 | ||
Less current portion of long-term borrowings | (843,598) | (747,503) | ||||
Noncurrent portion of long-term borrowings | 2,531,663 | 1,392,931 | ||||
Foreign currencies [member] | The Export-Import Bank of Korea [member] | ||||||
Disclosure of detailed information about borrowings [Line Items] | ||||||
Long-term borrowings | ₩ 955,975 | 755,337 | ||||
Long-term borrowings, annual interest rate description | 3ML+0.75~1.70 | |||||
Foreign currencies [member] | China Construction Bank [member] | ||||||
Disclosure of detailed information about borrowings [Line Items] | ||||||
Long-term borrowings | ₩ 2,419,286 | 1,385,097 | ||||
Long-term borrowings, annual interest rate description | USD: 3ML+0.80~2.00 CNY: PBOC*(0.90~1.05) | |||||
Won [member] | ||||||
Disclosure of detailed information about borrowings [Line Items] | ||||||
Noncurrent portion of long-term borrowings | ₩ 2,700,608 | 1,251,258 | ||||
Less current portion of long-term borrowings | (150,651) | (200,664) | ||||
Won [member] | Woori bank [member] | ||||||
Disclosure of detailed information about borrowings [Line Items] | ||||||
Long-term borrowings | ₩ 1,259 | 1,922 | ||||
Long-term borrowings, annual interest rate description | 3-yearKorean Treasury Bond rate - 2.75 | |||||
Won [member] | Shinhan bank [member] | ||||||
Disclosure of detailed information about borrowings [Line Items] | ||||||
Long-term borrowings | 200,000 | |||||
Long-term borrowings, annual interest rate description | - | |||||
Won [member] | Korea development bank and others [member] | ||||||
Disclosure of detailed information about borrowings [Line Items] | ||||||
Long-term borrowings | ₩ 2,850,000 | ₩ 1,250,000 | ||||
Long-term borrowings, annual interest rate description | CD rate (91days) + 0.64, 2.43~3.25 |
Financial Liabilities - Summa_3
Financial Liabilities - Summary of Long-term Borrowings (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Woori bank [member] | Won [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, maturity period | 3 Years |
Long-term borrowings, annual interest rate | 2.75% |
Korea development bank and others [member] | Won [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, maturity period | 91 days |
Long-term borrowings, annual interest rate adjustment | 0.64% |
Korea development bank and others [member] | Won [member] | Bottom of range [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, annual interest rate adjustment | 2.43% |
Korea development bank and others [member] | Won [member] | Top of range [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, annual interest rate adjustment | 3.25% |
The Export-Import Bank of Korea [member] | Foreign currencies [member] | Bottom of range [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, annual interest rate adjustment | 0.75% |
The Export-Import Bank of Korea [member] | Foreign currencies [member] | Top of range [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, annual interest rate adjustment | 1.70% |
China Construction Bank [member] | Foreign currencies [member] | Bottom of range [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, annual interest rate adjustment | 0.80% |
Long-term borrowings, annual interest rate | 0.90% |
China Construction Bank [member] | Foreign currencies [member] | Top of range [member] | |
Disclosure of detailed information about borrowings [Line Items] | |
Long-term borrowings, annual interest rate adjustment | 2.00% |
Long-term borrowings, annual interest rate | 1.05% |
Financial Liabilities - Details
Financial Liabilities - Details of Bonds Issued and Outstanding (Detail) ₩ in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018KRW (₩) | Dec. 31, 2018USD ($) | Dec. 31, 2017KRW (₩) | |
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds | ₩ 2,332,257 | ₩ 2,010,762 | |
Bonds | 2,332,257 | 2,010,762 | |
Bonds | 1,772,599 | 1,506,003 | |
Won [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Less current portion | (559,658) | (504,759) | |
Bonds | 1,446,393 | 1,506,003 | |
Foreign currencies [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds | 326,206 | ||
Gross carrying amount [member] | Won [member] | Publicly issued bonds [Member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds | 1,900,000 | 2,015,000 | |
Bonds | 1,900,000 | 2,015,000 | |
Gross carrying amount [member] | Won [member] | Privately issued bonds [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds | 110,000 | ||
Bonds | 110,000 | ||
Gross carrying amount [member] | Foreign currencies [member] | Publicly issued bonds [Member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds | 335,430 | $ 300 | |
Bonds | 335,430 | $ 300 | |
Discount on bonds [member] | Won [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds | (3,949) | (4,238) | |
Bonds | (3,949) | ₩ (4,238) | |
Discount on bonds [member] | Foreign currencies [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds | (9,224) | ||
Bonds | ₩ (9,224) | ||
Bonds issued and outstanding [member] | Gross carrying amount [member] | Foreign currencies [member] | Publicly issued bonds [Member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds issued and outstanding, maturity period | November 2021 | ||
Bonds issued and outstanding, annual interest rate | 3.88% | 3.88% | |
Bonds issued and outstanding [member] | Bottom of range [member] | Gross carrying amount [member] | Won [member] | Publicly issued bonds [Member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds issued and outstanding, maturity period | April 2019 | ||
Bonds issued and outstanding, annual interest rate | 1.80% | 1.80% | |
Bonds issued and outstanding [member] | Bottom of range [member] | Gross carrying amount [member] | Won [member] | Privately issued bonds [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds issued and outstanding, maturity period | May 2025 | ||
Bonds issued and outstanding, annual interest rate | 3.25% | 3.25% | |
Bonds issued and outstanding [member] | Top of range [member] | Gross carrying amount [member] | Won [member] | Publicly issued bonds [Member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds issued and outstanding, maturity period | February 2023 | ||
Bonds issued and outstanding, annual interest rate | 3.45% | 3.45% | |
Bonds issued and outstanding [member] | Top of range [member] | Gross carrying amount [member] | Won [member] | Privately issued bonds [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Bonds issued and outstanding, maturity period | May 2033 | ||
Bonds issued and outstanding, annual interest rate | 4.25% | 4.25% |
Employee Benefits - Net Defined
Employee Benefits - Net Defined Benefit Liabilities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of defined benefit plans [abstract] | ||
Present value of partially funded defined benefit obligations | ₩ 1,595,423 | ₩ 1,562,424 |
Fair value of plan assets | (1,550,063) | (1,466,977) |
Defined benefit liabilities, net | ₩ 45,360 | ₩ 95,447 |
Employee Benefits - Changes in
Employee Benefits - Changes in Present Value of Defined Benefit Obligations (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Current service cost | ₩ 204,668 | ₩ 195,850 | ₩ 210,682 |
Past service cost | (25,749) | ||
Interest cost | 961 | 2,391 | 10,280 |
Defined benefit obligations [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Opening defined benefit obligations | 1,562,424 | 1,401,396 | |
Current service cost | 204,668 | 195,850 | |
Past service cost | (25,749) | ||
Interest cost | 49,145 | 40,844 | |
Remeasurements (before tax) | (27,885) | (114) | |
Benefit payments | (88,562) | (76,011) | |
Transfers from (to) related parties | (4,217) | 534 | |
Curtailment of plans | (74,459) | ||
Others | 58 | (75) | |
Closing defined benefit obligations | ₩ 1,595,423 | ₩ 1,562,424 | ₩ 1,401,396 |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018KRW (₩)yr | Dec. 31, 2017yr | |
Disclosure of defined benefit plans [abstract] | ||
Weighted average remaining maturity of defined benefit obligations | yr | 14.4 | 14 |
Estimated contribution expected to be paid, December 31, 2019 | ₩ | ₩ 63,688 |
Employee Benefits - Changes i_2
Employee Benefits - Changes in Fair Value of Plan Assets (Detail) - Fair value of plan assets [member] - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [Line Items] | ||
Beginning balance | ₩ 1,466,977 | ₩ 1,258,409 |
Expected return on plan assets | 48,184 | 38,453 |
Remeasurements (before tax) | (22,195) | (16,374) |
Contributions by employer directly to plan assets | 212,224 | 250,998 |
Benefit payments | (80,690) | (64,509) |
Curtailment of plans | (74,437) | |
Ending balance | ₩ 1,550,063 | ₩ 1,466,977 |
Employee Benefits - Details of
Employee Benefits - Details of Plan Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of fair value of plan assets [abstract] | ||
Guaranteed deposits in banks | ₩ 1,550,063 | ₩ 1,466,977 |
Employee Benefits - Expenses Re
Employee Benefits - Expenses Recognized in Profit or Loss and Line Items Included in Consolidated Statements of Comprehensive Income (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Current service cost | ₩ 204,668 | ₩ 195,850 | ₩ 210,682 |
Past service cost | (25,749) | ||
Net interest cost | 961 | 2,391 | 10,280 |
Expenses related to defined benefit plans | 179,880 | 198,241 | 220,962 |
Cost of sales [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Expenses related to defined benefit plans | 134,879 | 158,418 | 177,652 |
Selling expenses [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Expenses related to defined benefit plans | 11,045 | 11,114 | 12,513 |
Administrative expenses [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Expenses related to defined benefit plans | 19,472 | 16,287 | 16,486 |
Research and development expenses [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Expenses related to defined benefit plans | ₩ 14,484 | ₩ 12,422 | ₩ 14,311 |
Employee Benefits - Remeasureme
Employee Benefits - Remeasurements of Net Defined Benefit Liabilities (Assets) Included in Other Comprehensive Income (Loss) (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Share of associates regarding remeasurements | ₩ 20 | ₩ 441 | ₩ 200 |
Income tax | (1,169) | 9,259 | (37,594) |
Remeasurements of net defined benefit liabilities (assets) [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Beginning balance | (170,510) | (163,950) | (281,902) |
Actuarial profit or loss arising from: Experience adjustment | 56,225 | (48,890) | 70,258 |
Actuarial profit or loss arising from: Demographic assumptions | (15,379) | (7,702) | (4,605) |
Actuarial profit or loss arising from: Financial assumptions | (12,961) | 56,706 | 95,429 |
Return on plan assets | (22,195) | (16,374) | (5,736) |
Share of associates regarding remeasurements | 20 | 441 | 200 |
Remeasurements | 5,710 | (15,819) | 155,546 |
Income tax | (1,169) | 9,259 | (37,594) |
Ending balance | ₩ (165,969) | ₩ (170,510) | ₩ (163,950) |
Employee Benefits - Principal A
Employee Benefits - Principal Actuarial Assumptions (Detail) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of sensitivity analysis for actuarial assumptions [Line Items] | ||
Expected rate of salary increase | 4.30% | 4.70% |
Discount rate for defined benefit obligations | 2.80% | 3.20% |
Males [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [Line Items] | ||
Actuarial assumption of expected rates of mortality at teenage | 0.01% | 0.01% |
Actuarial assumption of expected rates of mortality at twenties | 0.01% | 0.01% |
Actuarial assumption of expected rates of mortality at thirties | 0.01% | 0.01% |
Actuarial assumption of expected rates of mortality at forties | 0.03% | 0.03% |
Actuarial assumption of expected rates of mortality at fifties | 0.05% | 0.05% |
Females [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [Line Items] | ||
Actuarial assumption of expected rates of mortality at teenage | 0.00% | 0.00% |
Actuarial assumption of expected rates of mortality at twenties | 0.00% | 0.00% |
Actuarial assumption of expected rates of mortality at thirties | 0.01% | 0.01% |
Actuarial assumption of expected rates of mortality at forties | 0.02% | 0.02% |
Actuarial assumption of expected rates of mortality at fifties | 0.02% | 0.02% |
Employee Benefits - Amounts of
Employee Benefits - Amounts of Defined Benefit Obligations Affected by Reasonably Possible Changes to Respective Relevant Actuarial Assumptions (Detail) ₩ in Millions | Dec. 31, 2018KRW (₩) |
Discount rate for defined benefit obligations [member] | |
Disclosure of sensitivity analysis for actuarial assumptions [Line Items] | |
Defined benefit obligation 1% increase | ₩ (199,750) |
Defined benefit obligation 1% decrease | 241,608 |
Expected rate of salary increase [member] | |
Disclosure of sensitivity analysis for actuarial assumptions [Line Items] | |
Defined benefit obligation 1% increase | 236,002 |
Defined benefit obligation 1% decrease | ₩ (199,363) |
Provisions - Changes in Provisi
Provisions - Changes in Provisions (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other provisions [Line Items] | ||
Beginning balance | ₩ 104,328 | ₩ 64,127 |
Adjustment from adoption of IFRS 15 | 9,789 | |
Additions (reversals) | 232,234 | 251,344 |
Usage and reclassification | (215,333) | (211,143) |
Ending balance | 131,018 | 104,328 |
Current | 98,254 | 76,016 |
Non-current | 32,764 | 28,312 |
Litigations and claims [member] | ||
Disclosure of other provisions [Line Items] | ||
Beginning balance | 43 | |
Additions (reversals) | 43 | |
Usage and reclassification | (43) | |
Ending balance | 43 | |
Current | 43 | |
Warranties [member] | ||
Disclosure of other provisions [Line Items] | ||
Beginning balance | 102,450 | 62,462 |
Additions (reversals) | 234,928 | 251,131 |
Usage and reclassification | (215,290) | (211,143) |
Ending balance | 122,088 | 102,450 |
Current | 89,324 | 74,138 |
Non-current | 32,764 | 28,312 |
Others [member] | ||
Disclosure of other provisions [Line Items] | ||
Beginning balance | 1,835 | 1,665 |
Adjustment from adoption of IFRS 15 | 9,789 | |
Additions (reversals) | (2,694) | 170 |
Ending balance | 8,930 | 1,835 |
Current | ₩ 8,930 | ₩ 1,835 |
Provisions - Changes in Provi_2
Provisions - Changes in Provisions (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of other provisions [abstract] | |
Applicable period from the date of purchase for warranties covering defective products | 18 months |
Other Liabilities - Summary of
Other Liabilities - Summary of Other Liabilities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Current liabilities | ||
Withholdings | ₩ 30,970 | ₩ 63,766 |
Unearned revenues | 43,841 | 12,225 |
Security deposits | 165 | |
Other current liabilities | 74,976 | 75,991 |
Non-current liabilities | ||
Long-term accrued expenses | 80,817 | 70,561 |
Long-term other accounts payable | 3,103 | 2 |
Long-term unearned revenue | 2,116 | |
Security deposits | 10,790 | |
Other non-current liabilities | ₩ 96,826 | ₩ 70,563 |
Contingent Liabilities and Co_3
Contingent Liabilities and Commitments - Additional Information (Detail) € in Millions, ₫ in Millions, ₩ in Millions, ¥ in Millions, ¥ in Millions, zł in Millions, $ in Millions | 12 Months Ended | ||||||||
Dec. 31, 2018KRW (₩) | Dec. 31, 2018USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018JPY (¥) | Dec. 31, 2018PLN (zł) | Dec. 31, 2018VND (₫) | Dec. 31, 2017KRW (₩) | |
Disclosure of contingent liabilities [Line Items] | |||||||||
Maximum aggregate accounts receivable sales negotiating facilities entered into with several banks | ₩ 1,867,227 | $ 1,670 | |||||||
Long-term advances | 1,114,316 | ₩ 830,335 | |||||||
Secured bank borrowing | 268,093 | ₩ 642,172 | |||||||
Long-term supply agreements [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Long-term advances | 1,649,198 | 1,475 | |||||||
KEB Hana Bank [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 1,719,079 | 1,538 | |||||||
KEB Hana Bank [member] | Top of range [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Undrawn borrowing facilities | 33,543 | 30 | |||||||
Bank of China [member] | Top of range [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Undrawn borrowing facilities | 89,448 | 80 | |||||||
Bank of China [member] | LG Display (China) Co., Ltd. [member] | CNY [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 278,401 | ¥ 1,711 | |||||||
Bank of China [member] | LG Display (China) Co., Ltd. [member] | JPY [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 9,119 | ¥ 900 | |||||||
Bank of China [member] | LG Display (China) Co., Ltd. [member] | USD [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 559 | 0.5 | |||||||
Bank of China [member] | LG Display (China) Co., Ltd. [member] | EUR [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 3,198 | € 2.5 | |||||||
Bank of China [member] | LG Display (China) Co., Ltd. [member] | PLN [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 30 | zł 0.1 | |||||||
Bank of China [member] | LG Display (China) Co., Ltd. [member] | VND [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 1,952 | ₫ 40,498 | |||||||
Sumitomo Mitsui Banking Corporation [member] | Top of range [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Undrawn borrowing facilities | 55,905 | 50 | |||||||
Shinhan bank [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 9,504 | 8.5 | |||||||
Korea Development Bank [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees obtained from banks for certain tax payments and settlement of litigation | 341,929 | 306 | |||||||
KEB Hana Bank and Other Various Banks [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Payment guarantees received | 1,719,079 | $ 1,538 | |||||||
China Construction Bank [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Property, plant and equipment and others provided as pledged assets for secured bank loans | 146,262 | ||||||||
China Construction Bank [member] | USD [member] | |||||||||
Disclosure of contingent liabilities [Line Items] | |||||||||
Secured bank borrowing | ₩ 268,093 | $ 240 |
Contingent Liabilities and Co_4
Contingent Liabilities and Commitments - Maximum Amount of Accounts Receivables Sales and Amount of Sold Accounts Receivables before Maturity by Contract (Detail) - Dec. 31, 2018 ₩ in Millions, $ in Millions | KRW (₩) | USD ($) |
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | ₩ 2,994,007 | |
Not yet due contractual amount of sold accounts receivables before maturity | 1,532,470 | |
Won [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 220,000 | |
Not yet due contractual amount of sold accounts receivables before maturity | 36,089 | |
USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | $ | $ 2,481 | |
Not yet due contractual amount of sold accounts receivables before maturity | $ | 1,338 | |
Parent [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 706,374 | |
Not yet due contractual amount of sold accounts receivables before maturity | 143,075 | |
Parent [member] | Won [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 220,000 | |
Not yet due contractual amount of sold accounts receivables before maturity | 36,089 | |
Parent [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | $ | 435 | |
Not yet due contractual amount of sold accounts receivables before maturity | $ | 95 | |
Parent [member] | Shinhan bank [member] | Won [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 90,000 | |
Parent [member] | Shinhan bank [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 27,953 | 25 |
Not yet due contractual amount of sold accounts receivables before maturity | 13,286 | 12 |
Parent [member] | Sumitomo Mitsui Banking Corporation [member] | Won [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 130,000 | |
Not yet due contractual amount of sold accounts receivables before maturity | 36,089 | |
Parent [member] | Sumitomo Mitsui Banking Corporation [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 22,362 | 20 |
Parent [member] | Bank of Tokyo-Mitsubishi UFJ [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 44,724 | 40 |
Not yet due contractual amount of sold accounts receivables before maturity | 44,516 | 40 |
Parent [member] | BNP Paribas [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 223,620 | 200 |
Not yet due contractual amount of sold accounts receivables before maturity | 13,630 | 12 |
Parent [member] | ING Bank [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 167,715 | 150 |
Not yet due contractual amount of sold accounts receivables before maturity | 35,554 | 31 |
Consolidated subsidiaries [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 2,287,633 | 2,046 |
Not yet due contractual amount of sold accounts receivables before maturity | 1,389,395 | 1,243 |
Consolidated subsidiaries [member] | LG Display Singapore Pte. Ltd. [member] | Standard Chartered Bank [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 335,430 | 300 |
Not yet due contractual amount of sold accounts receivables before maturity | 233,364 | 209 |
Consolidated subsidiaries [member] | LG Display Taiwan Co., Ltd. [member] | BNP Paribas [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 58,141 | 52 |
Not yet due contractual amount of sold accounts receivables before maturity | 10,063 | 9 |
Consolidated subsidiaries [member] | LG Display Taiwan Co., Ltd. [member] | Austrailia and New Zealand Banking Group Ltd [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 78,267 | 70 |
Not yet due contractual amount of sold accounts receivables before maturity | 58,142 | 52 |
Consolidated subsidiaries [member] | LG Display Taiwan Co., Ltd. [member] | Taishin International Bank [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 323,131 | 289 |
Not yet due contractual amount of sold accounts receivables before maturity | 96,157 | 86 |
Consolidated subsidiaries [member] | LG Display Germany GmbH [member] | BNP Paribas [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 83,858 | 75 |
Not yet due contractual amount of sold accounts receivables before maturity | 83,767 | 75 |
Consolidated subsidiaries [member] | LG Display Germany GmbH [member] | Citibank [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 178,896 | 160 |
Consolidated subsidiaries [member] | LG Display America, Inc. [member] | Sumitomo Mitsui Banking Corporation [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 89,448 | 80 |
Not yet due contractual amount of sold accounts receivables before maturity | 74,915 | 67 |
Consolidated subsidiaries [member] | LG Display America, Inc. [member] | Standard Chartered Bank [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 670,860 | 600 |
Not yet due contractual amount of sold accounts receivables before maturity | 575,823 | 515 |
Consolidated subsidiaries [member] | LG Display America, Inc. [member] | Hongkong & Shanghai Banking Corp. [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | 447,240 | 400 |
Not yet due contractual amount of sold accounts receivables before maturity | 257,164 | 230 |
Consolidated subsidiaries [member] | LG Display Japan Co., Ltd. [member] | Sumitomo Mitsui Banking Corporation [member] | USD [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Maximum contractual amount of accounts receivables sales | ₩ 22,362 | $ 20 |
Capital and Reserves - Addition
Capital and Reserves - Additional Information (Detail) - ₩ / shares | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of reserves within equity [abstract] | ||
Number of shares authorized | 500,000,000 | 500,000,000 |
Par value per share | ₩ 5,000 | ₩ 5,000 |
Number of issued common shares | 357,815,700 | 357,815,700 |
Capital and Reserves - Summary
Capital and Reserves - Summary of Reserves at Reporting Date (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of reserves within equity [abstract] | ||||
Foreign currency translation differences for foreign operations | ₩ (272,474) | ₩ (259,749) | ||
Other comprehensive loss from associates (excluding remeasurements of net defined benefit liabilities) | (28,494) | (28,531) | ||
Reserves | ₩ (300,968) | ₩ (288,280) | ₩ (88,478) | ₩ (5,766) |
Capital and Reserves - Movement
Capital and Reserves - Movement in Reserves (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of reserves within equity [Line Items] | |||
Beginning balance | ₩ (288,280) | ₩ (88,478) | ₩ (5,766) |
Change in reserves | (12,688) | (199,802) | (82,712) |
Ending balance | (300,968) | (288,280) | (88,478) |
Net change in fair value of available-for-sale financial assets [member] | |||
Disclosure of reserves within equity [Line Items] | |||
Beginning balance | 58 | ||
Change in reserves | (58) | ||
Foreign currency translation differences for foreign operations [member] | |||
Disclosure of reserves within equity [Line Items] | |||
Beginning balance | (259,749) | (59,042) | 18,196 |
Change in reserves | (12,725) | (200,707) | (77,238) |
Ending balance | (272,474) | (259,749) | (59,042) |
Amount recognized in other comprehensive income loss from associates excluding remeasurements [member] | |||
Disclosure of reserves within equity [Line Items] | |||
Beginning balance | (28,531) | (29,436) | (24,020) |
Change in reserves | 37 | 905 | (5,416) |
Ending balance | ₩ (28,494) | ₩ (28,531) | ₩ (29,436) |
Geographic and Other Informat_3
Geographic and Other Information - Revenue and Non-current Assets by Geography (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [Line Items] | |||
Revenue | ₩ 24,336,571 | ₩ 27,790,216 | ₩ 26,504,074 |
Property, plant and equipment | 21,600,130 | 16,201,960 | 12,031,449 |
Intangible assets | 987,642 | 912,821 | 894,937 |
Domestic [member] | |||
Disclosure of geographical areas [Line Items] | |||
Revenue | 1,589,452 | 1,996,183 | 1,825,191 |
Property, plant and equipment | 14,984,688 | 12,487,111 | |
Intangible assets | 816,808 | 731,373 | |
China [member] | |||
Disclosure of geographical areas [Line Items] | |||
Revenue | 15,242,533 | 18,090,974 | 18,367,767 |
Property, plant and equipment | 5,049,216 | 2,929,739 | |
Intangible assets | 12,332 | 17,244 | |
Other countries [member] | |||
Disclosure of geographical areas [Line Items] | |||
Property, plant and equipment | 1,566,226 | 785,110 | |
Intangible assets | 158,502 | 164,204 | |
Foreign countries [member] | |||
Disclosure of geographical areas [Line Items] | |||
Revenue | 22,747,119 | 25,794,033 | 24,678,883 |
Property, plant and equipment | 6,615,442 | 3,714,849 | |
Intangible assets | 170,834 | 181,448 | |
Asia (excluding China) [member] | |||
Disclosure of geographical areas [Line Items] | |||
Revenue | 2,481,112 | 2,383,390 | 2,148,676 |
United States [member] | |||
Disclosure of geographical areas [Line Items] | |||
Revenue | 2,462,918 | 2,724,714 | 2,053,317 |
Europe (excluding Poland) [member] | |||
Disclosure of geographical areas [Line Items] | |||
Revenue | 1,496,138 | 1,433,126 | 983,672 |
Poland [member] | |||
Disclosure of geographical areas [Line Items] | |||
Revenue | ₩ 1,064,418 | ₩ 1,161,829 | ₩ 1,125,451 |
Geographic and Other Informat_4
Geographic and Other Information - Additional Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of geographical areas [Line Items] | |||
Sales revenue | ₩ 24,336,571 | ₩ 27,790,216 | ₩ 26,504,074 |
Company A [member] | |||
Disclosure of geographical areas [Line Items] | |||
Sales revenue | 7,262,255 | 9,027,165 | 9,122,385 |
Company B [member] | |||
Disclosure of geographical areas [Line Items] | |||
Sales revenue | ₩ 5,171,354 | ₩ 6,511,961 | ₩ 5,808,630 |
Top 10 Companies [member] | |||
Disclosure of geographical areas [Line Items] | |||
Percentage of sales revenue | 77.00% | 81.00% | 82.00% |
Geographic and Other Informat_5
Geographic and Other Information - Revenue by Product and Services (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of products and services [Line Items] | |||
Revenue | ₩ 24,336,571 | ₩ 27,790,216 | ₩ 26,504,074 |
Televisions [member] | |||
Disclosure of products and services [Line Items] | |||
Revenue | 9,727,260 | 11,717,982 | 10,132,520 |
Desktop monitors [member] | |||
Disclosure of products and services [Line Items] | |||
Revenue | 4,040,025 | 4,393,482 | 4,035,195 |
Tablet products [member] | |||
Disclosure of products and services [Line Items] | |||
Revenue | 1,990,766 | 2,369,634 | 2,695,808 |
Notebook computers [member] | |||
Disclosure of products and services [Line Items] | |||
Revenue | 2,836,888 | 2,244,088 | 2,383,532 |
Mobile and others [member] | |||
Disclosure of products and services [Line Items] | |||
Revenue | ₩ 5,741,632 | ₩ 7,065,030 | ₩ 7,257,019 |
The Nature of Expenses and Ot_3
The Nature of Expenses and Others - Classification of Expenses by Nature (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Expenses by nature [abstract] | |||
Changes in inventories | ₩ (341,120) | ₩ (62,299) | ₩ 63,884 |
Purchases of raw materials, merchandise and others | 12,863,812 | 13,548,848 | 14,244,942 |
Depreciation and amortization | 3,554,565 | 3,214,576 | 3,021,571 |
Outsourcing fees | 825,393 | 771,697 | 819,742 |
Labor costs | 3,222,110 | 3,258,427 | 3,022,607 |
Supplies and others | 1,010,352 | 1,239,915 | 1,053,245 |
Utility | 899,075 | 865,347 | 840,664 |
Fees and commissions | 722,134 | 692,125 | 638,732 |
Shipping costs | 240,288 | 249,820 | 224,742 |
Advertising | 112,400 | 236,440 | 67,636 |
Warranty expenses | 234,928 | 251,131 | 166,691 |
Travel | 104,009 | 92,976 | 73,807 |
Taxes and dues | 123,210 | 91,806 | 74,506 |
Others | 757,673 | 919,051 | 927,218 |
Expenses by nature | ₩ 24,328,829 | ₩ 25,369,860 | ₩ 25,239,987 |
Selling and Administrative Ex_3
Selling and Administrative Expenses - Details of Selling and Administrative Expenses (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of comprehensive income [Line Items] | |||
Expenses related to defined benefit plans | ₩ 179,880 | ₩ 198,241 | ₩ 220,962 |
Shipping costs | 240,288 | 249,820 | 224,742 |
Fees and commissions | 722,134 | 692,125 | 638,732 |
Taxes and dues | 123,210 | 91,806 | 74,506 |
Advertising | 112,400 | 236,440 | 67,636 |
Warranty expenses | 234,928 | 251,131 | 166,691 |
Travel | 104,009 | 92,976 | 73,807 |
Others | 757,673 | 919,051 | 927,218 |
Selling, general and administrative expenses | 1,772,276 | 1,690,505 | 1,305,393 |
Selling general and administrative expenses [member] | |||
Statement of comprehensive income [Line Items] | |||
Salaries | 500,610 | 327,288 | 276,824 |
Expenses related to defined benefit plans | 30,724 | 27,401 | 28,999 |
Other employee benefits | 90,348 | 94,740 | 89,717 |
Shipping costs | 200,434 | 214,866 | 191,442 |
Fees and commissions | 221,050 | 197,070 | 192,786 |
Depreciation | 174,575 | 138,711 | 129,225 |
Taxes and dues | 65,621 | 46,317 | 30,523 |
Advertising | 112,400 | 236,440 | 67,636 |
Warranty expenses | 234,928 | 251,131 | 166,691 |
Rent | 26,691 | 26,711 | 25,840 |
Insurance | 11,584 | 12,459 | 11,561 |
Travel | 24,659 | 27,879 | 23,343 |
Training | 13,309 | 16,311 | 14,464 |
Others | ₩ 65,343 | ₩ 73,181 | ₩ 56,342 |
Selling and Administrative Ex_4
Selling and Administrative Expenses - Details of Selling and Administrative Expenses (Parenthetical) (Detail) - Selling general and administrative expenses [member] ₩ in Millions | 12 Months Ended |
Dec. 31, 2018KRW (₩) | |
Statement of comprehensive income [Line Items] | |
Expense related to retirement allowance | ₩ 184,941 |
Expense related to the define contribution plan | ₩ 111 |
Personnel Expenses - Disclosure
Personnel Expenses - Disclosure of Details of Personnel Expenses (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of comprehensive income [Line Items] | |||
Personnel expenses | ₩ 3,476,588 | ₩ 3,459,223 | ₩ 3,169,149 |
Personnel expenses [member] | |||
Statement of comprehensive income [Line Items] | |||
Salaries and wages | 2,720,014 | 2,704,217 | 2,418,869 |
Other employee benefits | 500,169 | 483,704 | 459,730 |
Contributions to National Pension plan | 75,668 | 73,061 | 69,588 |
Expenses related to defined benefit plan and defined contribution plan | ₩ 180,737 | ₩ 198,241 | ₩ 220,962 |
Personnel Expenses - Disclosu_2
Personnel Expenses - Disclosure of Details of Personnel Expenses (Parenthetical) (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2018KRW (₩) | |
Personnel expenses [member] | |
Statement of comprehensive income [Line Items] | |
Expense related to the define contribution plan | ₩ 857 |
Other Income and Other Expens_3
Other Income and Other Expenses - Summary of Other Income (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Foreign currency gain | ₩ 970,306 | ₩ 969,425 | ₩ 1,543,909 |
Gain on disposal of property, plant and equipment | 6,620 | 101,227 | 14,637 |
Gain on disposal of intangible assets | 239 | 308 | |
Reversal of impairment loss on intangible assets | 348 | 35 | |
Rental income | 3,584 | 2,212 | 5,152 |
Others | 23,040 | 8,539 | 28,103 |
Other income | ₩ 1,004,137 | ₩ 1,081,746 | ₩ 1,591,801 |
Other Income and Other Expens_4
Other Income and Other Expenses - Summary of Other Expenses (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Foreign currency loss | ₩ 1,030,084 | ₩ 1,189,193 | ₩ 1,420,502 |
Other bad debt expenses | 4 | 1,798 | |
Loss on disposal of property, plant and equipment | 15,048 | 20,030 | 7,466 |
Impairment loss on property, plant and equipment | 43,601 | 1,610 | |
Loss on disposal of intangible assets | 30 | 75 | |
Impairment loss on intangible assets | 82 | 1,809 | 138 |
Donations | 7,698 | 17,152 | 22,221 |
Expenses related to legal proceedings or claims and others | 18,716 | 443 | 15,819 |
Other expenses | ₩ 1,115,233 | ₩ 1,230,455 | ₩ 1,467,831 |
Finance Income and Finance Co_3
Finance Income and Finance Costs - Summary of Finance Income and Finance Costs recognized in Profit or Loss (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Finance income | |||
Interest income | ₩ 69,020 | ₩ 60,106 | ₩ 42,079 |
Foreign currency gain | 160,989 | 210,890 | 81,554 |
Gain on disposal of investments in equity accounted investees | 3,669 | 11,367 | |
Reversal of impairment loss of investments in equity accounted investees | 802 | ||
Gain on transaction of derivatives | 2,075 | 3,106 | 4,427 |
Gain on valuation of derivatives | 13,059 | 1,070 | 244 |
Gain on disposal of available-for-sale financial assets | 8 | ||
Gain on valuation of financial asset at fair value through profit or loss | 8,186 | 170 | |
Finance income | 254,131 | 279,019 | 139,671 |
Finance costs | |||
Interest expense | 80,517 | 90,538 | 113,285 |
Foreign currency loss | 184,309 | 126,642 | 132,320 |
Loss on disposal of investments in equity accounted investees | 595 | 42,112 | 5,643 |
Loss on impairment of investments in equity accounted investees | 17,397 | 4,234 | 6,137 |
Loss on impairment of available-for-sale financial assets | 1,948 | 3,757 | |
Loss on valuation of financial asset at fair value through profit or loss | 225 | 118 | |
Loss on sale of trade accounts and notes receivable | 13,361 | 784 | 2,886 |
Loss on transaction of derivatives | 49 | 514 | 334 |
Loss on valuation of derivatives | 26,600 | 472 | |
Others | 3,840 | 2,084 | 1,234 |
Finance costs | ₩ 326,893 | ₩ 268,856 | ₩ 266,186 |
Finance Income and Finance Co_4
Finance Income and Finance Costs - Finance Income and Costs Recognized in Other Comprehensive Income or Loss (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Foreign currency translation differences for foreign operations | ₩ (19,987) | ₩ (231,738) | ₩ (90,503) |
Net change in fair value of available-for-sale financial assets | (77) | ||
Tax effect | 19 | ||
Finance income (costs) recognized in other comprehensive income (loss) after tax | ₩ (19,987) | ₩ (231,738) | ₩ (90,561) |
Income Taxes - Details of Incom
Income Taxes - Details of Income Tax Expense (Benefit) Recognized in Profit (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current tax expense | |||
Current year | ₩ 167,394 | ₩ 512,123 | ₩ 361,237 |
Adjustment for prior years | 82,225 | ||
Current tax expense (income) and adjustments for current tax of prior periods | 249,619 | 512,123 | 361,237 |
Deferred tax expense (benefit) | |||
Origination and reversal of temporary differences | (226,360) | (104,835) | (49,190) |
Change in unrecognized deferred tax assets | 64,818 | (11,708) | 72,678 |
Deferred tax expense (benefit) | (161,542) | (116,543) | 23,488 |
Actual income tax expense | ₩ 88,077 | ₩ 395,580 | ₩ 384,725 |
Income Taxes - Income Taxes Rec
Income Taxes - Income Taxes Recognized Directly in Other Comprehensive Income (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income tax relating to components of other comprehensive income [abstract] | |||
Net change in fair value of available-for-sale financial assets, before tax | ₩ (77) | ||
Remeasurements of net defined benefit liabilities (assets), before tax | ₩ 5,690 | ₩ (16,260) | 155,346 |
Foreign currency translation differences for foreign operations, before tax | (19,987) | (231,738) | (90,503) |
Change in equity of equity method investee, before tax | 57 | 1,346 | (5,216) |
Other comprehensive income, before tax | (14,240) | (246,652) | 59,550 |
Net change in fair value of available-for-sale financial assets, tax benefit (expense) | 19 | ||
Remeasurements of net defined benefit liabilities (assets), tax benefit (expense) | (1,169) | 9,259 | (37,594) |
Foreign currency translation differences for foreign operations, tax benefit (expense) | 0 | 0 | 0 |
Change in equity of equity method investee, tax benefit (expense) | 0 | 0 | 0 |
Other comprehensive income, tax benefit (expense) | (1,169) | 9,259 | (37,575) |
Net change in fair value of available-for-sale financial assets, net of tax | (58) | ||
Remeasurements of net defined benefit liabilities (assets), net of tax | 4,521 | (7,001) | 117,752 |
Foreign currency translation differences for foreign operations, net of tax | (19,987) | (231,738) | (90,503) |
Change in equity of equity method investee, net of tax | 57 | 1,346 | (5,216) |
Other comprehensive income (loss) for the year, net of income tax | ₩ (15,409) | ₩ (237,393) | ₩ 21,975 |
Income Taxes - Reconciliation o
Income Taxes - Reconciliation of Actual Effective Tax Rate (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income tax relating to components of other comprehensive income [abstract] | |||
Income tax using the statutory tax rate of each country | (33.60%) | 28.54% | 33.49% |
Non-deductible expenses, percentage | (40.07%) | 2.72% | 3.39% |
Tax credits, percentage | 117.27% | (10.64%) | (11.45%) |
Change in unrecognized deferred tax assets | (70.94%) | (0.50%) | 5.52% |
Adjustment for prior years | (90.00%) | ||
Effect on change in tax rate, percentage | 15.68% | (3.10%) | |
Others, percentage | 5.25% | (0.06%) | (1.72%) |
Actual effective tax rate | 16.96% | 29.23% | |
Profit (loss) before income taxes | ₩ (91,366) | ₩ 2,332,632 | ₩ 1,316,233 |
Income tax using the statutory tax rate of each country, amount | 30,695 | 665,733 | 440,753 |
Non-deductible expenses, amount | 36,608 | 63,416 | 44,606 |
Tax credits, amount | (107,146) | (248,191) | (150,663) |
Change in unrecognized deferred tax assets, amount | 64,818 | (11,708) | 72,678 |
Adjustment for prior years | 82,225 | ||
Effect on change in tax rate (Note 24(d)) | (14,326) | (72,376) | |
Others | (4,797) | (1,294) | (22,649) |
Actual income tax expense | ₩ 88,077 | ₩ 395,580 | ₩ 384,725 |
Deferred Tax Assets and Liabi_3
Deferred Tax Assets and Liabilities - Additional Information (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Temporary differences on investments in subsidiaries the Controlling Company did not recognize deferred tax liabilities | ₩ 85,368 | ₩ 103,946 | |
Recognized deferred tax assets in relation to tax credit carryforwards | ₩ 308,393 | ||
Statutory tax rate attributable to owners of the Controlling Company | (70.94%) | (0.50%) | 5.52% |
Effective applicable tax rate | (33.60%) | 28.54% | 33.49% |
Tax expense (income) at applicable tax rate | ₩ 30,695 | ₩ 665,733 | ₩ 440,753 |
Parent [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Statutory tax rate attributable to owners of the Controlling Company | 24.20% | ||
Effective applicable tax rate | 27.50% | ||
Tax expense (income) at applicable tax rate | ₩ 300,000 |
Deferred Tax Assets and Liabi_4
Deferred Tax Assets and Liabilities - Tax Credit Carryforwards Expiration Dates (Detail) - Tax credits carry forwards [member] ₩ in Millions | Dec. 31, 2018KRW (₩) |
December 31, 2019 [member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |
Tax credit carryforwards | ₩ 29,770 |
1-2 years [member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |
Tax credit carryforwards | 58,391 |
December 31, 2022 [member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |
Tax credit carryforwards | ₩ 91,862 |
Deferred Tax Assets and Liabi_5
Deferred Tax Assets and Liabilities - Details of Deferred Tax Assets and Liabilities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | ₩ 1,136,166 | ₩ 985,352 | |
Liabilities | (15,087) | (24,646) | |
Gross carrying amount [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 1,145,840 | 986,793 | |
Liabilities | (24,761) | (26,087) | |
Total | 1,121,079 | 960,706 | ₩ 834,903 |
Gross carrying amount [member] | Other accounts receivable, net [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Liabilities | (1,013) | (1,441) | |
Total | (1,013) | (1,441) | (1,190) |
Gross carrying amount [member] | Inventories, net [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 60,606 | 34,550 | |
Total | 60,606 | 34,550 | 35,771 |
Gross carrying amount [member] | Defined benefit obligations [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 2,375 | ||
Total | 2,375 | 10,817 | |
Gross carrying amount [member] | Unrealised gains losses and others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 13,404 | 29,061 | |
Total | 13,404 | 29,061 | |
Gross carrying amount [member] | Accrued expenses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 126,072 | 183,903 | |
Total | 126,072 | 183,903 | 122,998 |
Gross carrying amount [member] | Property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 445,721 | 409,928 | |
Liabilities | (1,495) | ||
Total | 444,226 | 409,928 | 338,860 |
Gross carrying amount [member] | Intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 3,468 | 3,457 | |
Liabilities | (14,588) | (24,646) | |
Total | (11,120) | (21,189) | (31,027) |
Gross carrying amount [member] | Other provisions [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 32,468 | 27,018 | |
Total | 32,468 | 27,018 | 15,051 |
Gross carrying amount [member] | Gain or loss on foreign currency translation, net [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 13 | 13 | |
Total | 13 | 13 | 11 |
Gross carrying amount [member] | Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 20,850 | 27,562 | |
Liabilities | (7,665) | ||
Total | 13,185 | 27,562 | 21,435 |
Gross carrying amount [member] | Tax credits carry forwards [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 308,393 | 268,926 | |
Total | 308,393 | ₩ 268,926 | ₩ 287,400 |
Gross carrying amount [member] | Tax loss carry forwards [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Assets | 134,845 | ||
Total | ₩ 134,845 |
Deferred Tax Assets and Liabi_6
Deferred Tax Assets and Liabilities - Changes in Deferred Tax Assets and Liabilities (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Other comprehensive income | ₩ (1,169) | ₩ 9,259 | ₩ (37,575) |
Gross carrying amount [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 960,706 | 834,903 | |
Profit or loss | 161,542 | 116,544 | |
Other comprehensive income | (1,169) | 9,259 | |
Ending balance | 1,121,079 | 960,706 | 834,903 |
Gross carrying amount [member] | Other accounts receivable, net [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (1,441) | (1,190) | |
Profit or loss | 428 | (251) | |
Ending balance | (1,013) | (1,441) | (1,190) |
Gross carrying amount [member] | Inventories, net [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 34,550 | 35,771 | |
Profit or loss | 26,056 | (1,221) | |
Ending balance | 60,606 | 34,550 | 35,771 |
Gross carrying amount [member] | Defined benefit obligations [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 2,375 | 10,817 | |
Profit or loss | (1,206) | (17,701) | |
Other comprehensive income | (1,169) | 9,259 | |
Ending balance | 2,375 | 10,817 | |
Gross carrying amount [member] | Accrued expenses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 183,903 | 122,998 | |
Profit or loss | (57,831) | 60,905 | |
Ending balance | 126,072 | 183,903 | 122,998 |
Gross carrying amount [member] | Property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 409,928 | 338,860 | |
Profit or loss | 34,298 | 71,068 | |
Ending balance | 444,226 | 409,928 | 338,860 |
Gross carrying amount [member] | Intangible assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (21,189) | (31,027) | |
Profit or loss | 10,069 | 9,838 | |
Ending balance | (11,120) | (21,189) | (31,027) |
Gross carrying amount [member] | Other provisions [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 27,018 | 15,051 | |
Profit or loss | 5,450 | 11,967 | |
Ending balance | 32,468 | 27,018 | 15,051 |
Gross carrying amount [member] | Gain or loss on foreign currency translation, net [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 13 | 11 | |
Profit or loss | 2 | ||
Ending balance | 13 | 13 | 11 |
Gross carrying amount [member] | Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 27,562 | 21,435 | |
Profit or loss | (14,377) | 6,127 | |
Ending balance | 13,185 | 27,562 | 21,435 |
Gross carrying amount [member] | Tax credits carry forwards [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 268,926 | 287,400 | |
Profit or loss | 39,467 | (18,474) | |
Ending balance | 308,393 | 268,926 | 287,400 |
Gross carrying amount [member] | Tax loss carry forwards [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Profit or loss | 134,845 | ||
Ending balance | 134,845 | ||
Gross carrying amount [member] | Subsidiaries and associates [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 29,061 | 34,777 | |
Profit or loss | (15,657) | (5,716) | |
Ending balance | ₩ 13,404 | ₩ 29,061 | ₩ 34,777 |
Earnings (Loss) Per Share Att_3
Earnings (Loss) Per Share Attributable to Owners of the Controlling Company - Summary of Basic Earnings per Share (Detail) - KRW (₩) ₩ / shares in Units, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Basic earnings per share [abstract] | |||
Profit (loss) attributable to owners of the Controlling Company | ₩ (207,239) | ₩ 1,802,756 | ₩ 906,713 |
Weighted-average number of common stocks outstanding | 357,815,700 | 357,815,700 | 357,815,700 |
Earnings (loss) per share | ₩ (579) | ₩ 5,038 | ₩ 2,534 |
Financial Risk Management - Exp
Financial Risk Management - Exposure to Foreign Currency Risk Based on Notional Amounts (Detail) € in Millions, ₫ in Millions, ₩ in Millions, ¥ in Millions, ¥ in Millions, zł in Millions, $ in Millions, $ in Millions | Dec. 31, 2018KRW (₩) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2018EUR (€) | Dec. 31, 2018JPY (¥) | Dec. 31, 2018PLN (zł) | Dec. 31, 2018TWD ($) | Dec. 31, 2018VND (₫) | Dec. 31, 2017KRW (₩) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017USD ($) | Dec. 31, 2017EUR (€) | Dec. 31, 2017JPY (¥) | Dec. 31, 2017PLN (zł) | Dec. 31, 2017TWD ($) | Dec. 31, 2017VND (₫) | Dec. 31, 2016KRW (₩) | Dec. 31, 2015KRW (₩) |
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||||||||||||||||
Cash and cash equivalents | ₩ 2,365,022 | ₩ 2,602,560 | ₩ 1,558,696 | ₩ 751,662 | ||||||||||||||
Deposits in banks | 78,411 | 758,089 | ||||||||||||||||
Trade accounts and notes receivable | 2,829,163 | 4,325,120 | ||||||||||||||||
Non-trade receivable | 159,238 | 150,554 | ||||||||||||||||
Other assets denominated in foreign currencies | 3,087,461 | 2,875,090 | ||||||||||||||||
Other accounts payable | 3,566,629 | 3,169,937 | ||||||||||||||||
Borrowings | ₩ (8,558,777) | ₩ (5,603,118) | ||||||||||||||||
Currency risk [member] | ||||||||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||||||||||||||||
Cash and cash equivalents | ¥ 5,515 | $ 790 | € 8 | ¥ 83 | zł 206 | $ 121 | ₫ 2,070,889 | ¥ 6,940 | $ 1,228 | € 3 | ¥ 152 | zł 165 | $ 16 | ₫ 342,063 | ||||
Deposits in banks | ¥ | 750 | |||||||||||||||||
Trade accounts and notes receivable | 1,098 | 2,175 | 7 | 1,453 | 3,316 | 11 | ||||||||||||
Non-trade receivable | 201 | 21 | 4 | 852 | 3 | 23,182 | 136 | 62 | 9 | 1,340 | 2 | 13,405 | ||||||
Other assets denominated in foreign currencies | 11,157 | 33 | 12 | 220 | 23 | 108 | 2,782 | |||||||||||
Other assets denominated in foreign currencies | (2,862) | (863) | (12,501) | (355,390) | 596 | 1 | 206 | 7 | 1,882 | |||||||||
Trade accounts and notes payable | (2,843) | (1,345) | (14,898) | (102,398) | ||||||||||||||
Other accounts payable | (4,762) | (928) | (3) | (20,326) | (4) | (6) | (1,585,130) | (2,403) | (285) | (8) | (14,653) | (4) | (11) | (2,138,370) | ||||
Borrowings | (5,198) | (2,571) | (3,263) | (1,500) | ||||||||||||||
Aggregate notional amounts in financial position | 5,149 | (1,343) | 21 | (31,665) | 225 | 226 | 156,333 | |||||||||||
Currency swap contracts | $ | 780 | |||||||||||||||||
Net exposure | ¥ 5,149 | $ (563) | € 21 | ¥ (31,665) | zł 225 | $ 226 | ₫ 156,333 | ¥ 1,366 | $ 1,477 | € 4 | ¥ (27,842) | zł 161 | $ 14 | ₫ (1,883,418) |
Financial Risk Management - Ave
Financial Risk Management - Average Exchange Rates Applied during Reporting Periods (Detail) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
USD [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||
Average rate | 1,100.2100 | 1,131.0800 | 1,159.8300 |
Reporting date spot rate | 1,118.1000 | 1,071.4000 | |
JPY [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||
Average rate | 9.9600 | 10.0900 | 10.6700 |
Reporting date spot rate | 10.1300 | 9.4900 | |
CNY [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||
Average rate | 166.4100 | 167.5200 | 174.4000 |
Reporting date spot rate | 162.7600 | 163.6500 | |
TWD [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||
Average rate | 36.5100 | 37.1600 | 35.9700 |
Reporting date spot rate | 36.5800 | 35.9200 | |
EUR [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||
Average rate | 1,298.5300 | 1,277.0100 | 1,283.9500 |
Reporting date spot rate | 1,279.1600 | 1,279.2500 | |
PLN [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||
Average rate | 304.8700 | 299.9800 | 294.4100 |
Reporting date spot rate | 297.3300 | 306.0700 | |
VND [member] | |||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||
Average rate | 0.0478 | 0.0498 | 0.0518 |
Reporting date spot rate | 0.0482 | 0.0472 |
Financial Risk Management - Sum
Financial Risk Management - Summary of Changes in Equity and Profit or Loss (Detail) - 5 percent weakening in exchange rate [member] - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Equity [member] | USD [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | ₩ (46,136) | ₩ 50,040 |
Equity [member] | JPY [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | (12,060) | (10,294) |
Equity [member] | CNY [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 41,779 | 13,212 |
Equity [member] | TWD [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 413 | 23 |
Equity [member] | EUR [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 1,197 | 16 |
Equity [member] | PLN [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 3,451 | 2,515 |
Equity [member] | VND [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 273 | (4,445) |
Profit and loss [member] | USD [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 38,725 | 91,238 |
Profit and loss [member] | JPY [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | (10,497) | (9,141) |
Profit and loss [member] | CNY [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 318 | (6,396) |
Profit and loss [member] | TWD [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 1 | 1 |
Profit and loss [member] | EUR [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | 390 | 594 |
Profit and loss [member] | PLN [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | (236) | ₩ (120) |
Profit and loss [member] | VND [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
Increase (decrease) due to a change in the exchange rate | ₩ 273 |
Financial Risk Management - Int
Financial Risk Management - Interest Rate Profile of Interest-bearing Financial Instruments (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial instruments by type of interest rate [Line Items] | ||
Financial liabilities | ₩ (15,252,683) | |
Fixed rate instruments [member] | ||
Disclosure of financial instruments by type of interest rate [Line Items] | ||
Financial assets | 2,443,583 | ₩ 3,360,800 |
Financial liabilities | (5,033,515) | (2,962,671) |
Financial assets and liabilities | (2,589,932) | 398,129 |
Variable rate instruments [member] | ||
Disclosure of financial instruments by type of interest rate [Line Items] | ||
Financial liabilities | ₩ (3,525,262) | ₩ (2,640,447) |
Financial Risk Management - Equ
Financial Risk Management - Equity and Profit or Loss Sensitivity Analysis for Variable Rate Instruments (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
1% increase in interest rates [member] | Equity [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
(Increase) decrease due to a change in the interest rate | ₩ (25,558) | ₩ (17,362) |
Percentage change in interest rate | 1.00% | 1.00% |
1% increase in interest rates [member] | Profit and loss [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
(Increase) decrease due to a change in the interest rate | ₩ (25,558) | ₩ (17,362) |
Percentage change in interest rate | 1.00% | 1.00% |
1% decrease in interest rates [member] | Equity [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
(Increase) decrease due to a change in the interest rate | ₩ 25,558 | ₩ 17,362 |
Percentage change in interest rate | 1.00% | 1.00% |
1% decrease in interest rates [member] | Profit and loss [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||
(Increase) decrease due to a change in the interest rate | ₩ 25,558 | ₩ 17,362 |
Percentage change in interest rate | 1.00% | 1.00% |
Financial Risk Management - Max
Financial Risk Management - Maximum Exposure to Credit Risk of Financial Assets (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Cash and cash equivalents | ₩ 2,365,022 | ₩ 2,602,560 | ₩ 1,558,696 | ₩ 751,662 |
Deposits in banks | 78,411 | 758,089 | ||
Trade accounts and notes receivable | 2,829,163 | 4,325,120 | ||
Non-trade receivable | 159,238 | 150,554 | ||
Accrued income | 10,075 | 14,273 | ||
Financial assets at fair value through profit or loss | 1,552 | |||
Deposits | 91,123 | 30,378 | ||
Short-term loans | 16,116 | 16,766 | ||
Long-term loans | 55,048 | 32,408 | ||
Long-term non-trade receivable | 11,448 | 8,738 | ||
Derivatives | 842 | |||
Credit risk [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Cash and cash equivalents | 2,365,022 | 2,602,560 | ||
Deposits in banks | 78,411 | 758,089 | ||
Trade accounts and notes receivable | 2,829,163 | 4,325,120 | ||
Non-trade receivable | 159,238 | 150,554 | ||
Accrued income | 10,075 | 14,273 | ||
Available-for-sale financial assets | 162 | |||
Financial assets at fair value through profit or loss | 1,552 | |||
Deposits | 91,123 | 30,378 | ||
Short-term loans | 16,116 | 16,766 | ||
Long-term loans | 55,048 | 32,408 | ||
Long-term non-trade receivable | 11,448 | 8,738 | ||
Derivatives | 842 | |||
Financial assets carried at amortized cost | 5,615,644 | |||
Financial assets | ₩ 7,941,442 | |||
Financial assets at fair value through profit or loss | 14,386 | |||
Financial assets at fair value through other comprehensive income | 5,630,191 | |||
Convertible bonds [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 1,327 | |||
Financial assets at fair value through profit or loss | 1,327 | |||
Convertible bonds [member] | Credit risk [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 1,327 | |||
Derivatives [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 13,059 | |||
Derivatives [member] | Credit risk [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 13,059 | |||
Debt instrument [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Financial assets at fair value through other comprehensive income | 161 | |||
Debt instrument [member] | Credit risk [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | ||||
Financial assets at fair value through other comprehensive income | ₩ 161 |
Financial Risk Management - Con
Financial Risk Management - Contractual Maturities of Financial Liabilities, Including Estimated Interest Payments (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Secured bank borrowings | ₩ 268,093 | ₩ 642,172 |
Unsecured bank borrowings | 5,958,427 | 2,950,184 |
Unsecured bond issues | 2,332,257 | 2,010,762 |
Trade accounts and notes payable | 3,087,461 | 2,875,090 |
Other accounts payable | 3,566,629 | 3,169,937 |
Long-term other accounts payable | 3,103 | ₩ 2 |
Security deposits | 10,955 | |
Derivatives | 25,758 | |
Financial liabilities | 15,252,683 | |
Unsecured bond issues | 2,537,553 | |
Derivatives | (35,140) | |
Contractual cash flows for financial liabilities | 16,027,253 | |
6 months or less [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Unsecured bond issues | 291,738 | |
Derivatives | (6,742) | |
Contractual cash flows for financial liabilities | 7,772,078 | |
6-12 months [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Unsecured bond issues | 328,400 | |
Derivatives | (6,728) | |
Contractual cash flows for financial liabilities | 679,555 | |
1-2 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Unsecured bond issues | 456,990 | |
Derivatives | (12,517) | |
Contractual cash flows for financial liabilities | 1,430,637 | |
2-5 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Unsecured bond issues | 1,320,248 | |
Derivatives | (9,153) | |
Contractual cash flows for financial liabilities | 5,481,803 | |
More than 5 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Unsecured bond issues | 140,177 | |
Contractual cash flows for financial liabilities | 663,180 | |
Secured bank borrowings [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 268,190 | |
Secured bank borrowings [member] | 6 months or less [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 268,190 | |
Unsecured bank borrowings [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 6,588,502 | |
Unsecured bank borrowings [member] | 6 months or less [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 565,832 | |
Unsecured bank borrowings [member] | 6-12 months [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 356,688 | |
Unsecured bank borrowings [member] | 1-2 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 973,297 | |
Unsecured bank borrowings [member] | 2-5 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 4,169,682 | |
Unsecured bank borrowings [member] | More than 5 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Bank borrowings | 523,003 | |
Trade accounts and notes payable [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 3,087,461 | |
Trade accounts and notes payable [member] | 6 months or less [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 3,087,461 | |
Other accounts payable [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 3,566,629 | |
Other accounts payable [member] | 6 months or less [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 3,565,599 | |
Other accounts payable [member] | 6-12 months [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 1,030 | |
Long-term other accounts payable [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 3,103 | |
Long-term other accounts payable [member] | 1-2 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 2,077 | |
Long-term other accounts payable [member] | 2-5 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 1,026 | |
Security Deposits [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 10,955 | |
Security Deposits [member] | 6-12 months [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | 165 | |
Security Deposits [member] | 1-2 years [member] | ||
Disclosure of maturity analysis for financial liabilities [Line Items] | ||
Trade and other payables | ₩ 10,790 |
Financial Risk Management - S_2
Financial Risk Management - Summary of Capital Management (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of objectives, policies and processes for managing capital [abstract] | ||||
Total liabilities | ₩ 18,289,464 | ₩ 14,178,177 | ||
Total equity | 14,886,246 | 14,981,510 | ₩ 13,462,388 | ₩ 12,704,956 |
Cash and deposits in banks | 2,443,422 | 3,360,638 | ||
Borrowings (including bonds) | ₩ 8,558,777 | ₩ 5,603,118 | ||
Total liabilities to equity ratio | 123.00% | 95.00% | ||
Net borrowings to equity ratio | 41.00% | 15.00% |
Financial Risk Management - Fai
Financial Risk Management - Fair Values of Financial Assets and Liabilities, Together with Carrying Amounts Shown in Consolidated Statement of Financial Position (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial asset at fair value through profit or loss | ₩ 1,552 | |||
Derivatives | 842 | |||
Cash and cash equivalents | ₩ 2,365,022 | 2,602,560 | ₩ 1,558,696 | ₩ 751,662 |
Deposits in banks | 78,411 | 758,089 | ||
Trade accounts and notes receivable | 2,829,163 | 4,325,120 | ||
Non-trade receivable | 159,238 | 150,554 | ||
Accrued income | 10,075 | 14,273 | ||
Deposits | 91,123 | 30,378 | ||
Short-term loans | 16,116 | 16,766 | ||
Long-term loans | 55,048 | 32,408 | ||
Long-term non-trade receivable | 11,448 | 8,738 | ||
Derivatives | 25,758 | |||
Secured bank borrowings | 268,093 | 642,172 | ||
Unsecured bank borrowings | 5,958,427 | 2,950,184 | ||
Unsecured bond issues | 2,332,257 | 2,010,762 | ||
Trade accounts and notes payable | 3,087,461 | 2,875,090 | ||
Other accounts payable | 3,566,629 | 3,169,937 | ||
Long-term other accounts payable | 3,103 | 2 | ||
Security deposits | 10,955 | |||
Fair values [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Available-for-sale financial assets | 162 | |||
Financial asset at fair value through profit or loss | 1,552 | |||
Derivatives | 13,059 | 842 | ||
Derivatives | 25,758 | |||
Secured bank borrowings | 268,093 | 642,172 | ||
Unsecured bank borrowings | 6,013,903 | 2,955,399 | ||
Unsecured bond issues | 2,384,987 | 2,016,086 | ||
Other accounts payable | 3,170,147 | |||
Equity instrument [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 13,681 | |||
Equity instrument [member] | Fair values [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 13,681 | |||
Debt securities [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Available-for-sale financial assets | 162 | |||
Debt securities [member] | Fair values [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Available-for-sale financial assets | ₩ 162 | |||
Convertible bonds [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial asset at fair value through profit or loss | 1,327 | |||
Financial assets at fair value through profit or loss | 1,327 | |||
Convertible bonds [member] | Fair values [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 1,327 | |||
Derivatives [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 13,059 | |||
Derivatives [member] | Fair values [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial assets at fair value through profit or loss | 13,059 | |||
Debt instrument [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial assets at fair value through other comprehensive income | 161 | |||
Debt instrument [member] | Fair values [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Financial assets at fair value through other comprehensive income | ₩ 161 |
Financial Risk Management - F_2
Financial Risk Management - Fair Value Hierarchy Classifications of Financial Instruments Measured at Fair Value (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about financial instruments [Line Items] | ||
Financial assets at fair value through profit or loss | ₩ 1,552 | |
Derivatives | 842 | |
Derivatives, liabilities | ₩ 25,758 | |
Fair values [member] | ||
Disclosure of detailed information about financial instruments [Line Items] | ||
Equity instrument | 13,681 | |
Available-for-sale financial assets | 162 | |
Convertible bonds | 1,327 | |
Financial assets at fair value through profit or loss | 1,552 | |
Derivatives | 13,059 | 842 |
Debt instrument | 161 | |
Derivatives, liabilities | 25,758 | |
Fair values [member] | Level 1 [member] | ||
Disclosure of detailed information about financial instruments [Line Items] | ||
Available-for-sale financial assets | 162 | |
Debt instrument | 161 | |
Fair values [member] | Level 3 [member] | ||
Disclosure of detailed information about financial instruments [Line Items] | ||
Equity instrument | 13,681 | |
Convertible bonds | 1,327 | |
Financial assets at fair value through profit or loss | 1,552 | |
Derivatives | 13,059 | ₩ 842 |
Derivatives, liabilities | ₩ 25,758 |
Financial Risk Management - F_3
Financial Risk Management - Fair Value Hierarchy Classifications, Valuation Technique and Inputs for Fair Value Measurements of Financial Instruments not Measured at Fair Value (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of fair value measurement of liabilities [Line Items] | ||
Secured bank borrowings | ₩ 268,093 | ₩ 642,172 |
Unsecured bank borrowings | 5,958,427 | 2,950,184 |
Unsecured bond issues | 2,332,257 | 2,010,762 |
Other accounts payable | ₩ 3,566,629 | ₩ 3,169,937 |
Borrowings, bonds and others [member] | Bottom of range [member] | ||
Disclosure of fair value measurement of liabilities [Line Items] | ||
Borrowings, bonds and others | 2.09% | 1.57% |
Borrowings, bonds and others [member] | Top of range [member] | ||
Disclosure of fair value measurement of liabilities [Line Items] | ||
Borrowings, bonds and others | 3.37% | 2.92% |
Not measured at fair value but for which the fair value is disclosed [member] | Secured bank borrowings [member] | ||
Disclosure of fair value measurement of liabilities [Line Items] | ||
Valuation technique | Discounted cash flow | Discounted cash flow |
Input | Discount rate | Discount rate |
Not measured at fair value but for which the fair value is disclosed [member] | Unsecured bank borrowings [member] | ||
Disclosure of fair value measurement of liabilities [Line Items] | ||
Valuation technique | Discounted cash flow | Discounted cash flow |
Input | Discount rate | Discount rate |
Not measured at fair value but for which the fair value is disclosed [member] | Unsecured bond issues [member] | ||
Disclosure of fair value measurement of liabilities [Line Items] | ||
Valuation technique | Discounted cash flow | Discounted cash flow |
Input | Discount rate | Discount rate |
Not measured at fair value but for which the fair value is disclosed [member] | Other accounts payable [member] | ||
Disclosure of fair value measurement of liabilities [Line Items] | ||
Valuation technique | Discounted cash flow | |
Input | Discount rate | |
Not measured at fair value but for which the fair value is disclosed [member] | Level 3 [member] | ||
Disclosure of fair value measurement of liabilities [Line Items] | ||
Secured bank borrowings | ₩ 268,093 | ₩ 642,172 |
Unsecured bank borrowings | 6,013,903 | 2,955,399 |
Unsecured bond issues | ₩ 2,384,987 | 2,016,086 |
Other accounts payable | ₩ 3,170,147 |
Changes in Liabilities Arisin_3
Changes in Liabilities Arising from Financing Activities - Summary of Changes in Liabilities Arising from Financing Activities (Detail) ₩ in Millions | 12 Months Ended |
Dec. 31, 2018KRW (₩) | |
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | |
Beginning balance | ₩ 5,603,118 |
Cash flows from financing activities | 2,851,309 |
Exchange rate effect | 101,851 |
Effective interest adjustment | 2,499 |
Ending balance | 8,558,777 |
Short-term borrowings [member] | |
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | |
Cash flows from financing activities | (720) |
Exchange rate effect | 720 |
Current portion of long-term borrowings and bonds [member] | |
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | |
Beginning balance | 1,452,926 |
Cash flows from financing activities | (1,859,098) |
Reclassification | 1,904,888 |
Exchange rate effect | 54,659 |
Effective interest adjustment | 532 |
Ending balance | 1,553,907 |
Long-term borrowings [member] | |
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | |
Beginning balance | 2,644,189 |
Cash flows from financing activities | 3,882,958 |
Reclassification | (1,345,520) |
Exchange rate effect | 50,644 |
Ending balance | 5,232,271 |
Bonds [member] | |
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | |
Beginning balance | 1,506,003 |
Cash flows from financing activities | 828,169 |
Reclassification | (559,368) |
Exchange rate effect | (4,172) |
Effective interest adjustment | 1,967 |
Ending balance | ₩ 1,772,599 |
Related Parties and Others - Si
Related Parties and Others - Significant Transactions, Trade Accounts and Notes Receivable and Payable Occurred in Normal Course of Business with Related Parties (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | ₩ 4,205,596 | ₩ 5,436,726 | ₩ 5,343,221 |
Dividend income | 5,272 | 8,639 | 59,820 |
Purchase of raw material and others | 555,463 | 637,355 | 1,154,517 |
Acquisition of property, plant and equipment | 1,694,360 | 1,424,647 | 925,390 |
Outsourcing fees | 71,403 | 90,789 | 80,723 |
Other costs | 265,568 | 188,824 | 180,902 |
Trade accounts and notes receivable and others | 564,887 | 1,062,789 | |
Trade accounts and notes payable and others | 682,311 | 581,704 | |
Joint ventures [Member] | Suzhou Raken Technology Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 59,388 | ||
Dividend income | 29,902 | ||
Other costs | 543 | ||
Associates [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 1,112 | 15,813 | 207,254 |
Dividend income | 5,272 | 8,639 | 29,918 |
Purchase of raw material and others | 371,130 | 389,303 | 921,592 |
Acquisition of property, plant and equipment | 201,303 | 157,518 | 185,354 |
Outsourcing fees | 71,403 | 90,789 | 80,723 |
Other costs | 9,747 | 10,124 | 12,624 |
Trade accounts and notes receivable and others | 2,000 | 2,750 | |
Trade accounts and notes payable and others | 101,279 | 88,287 | |
Associates [Member] | New Optics Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 1 | 2,469 | |
Purchase of raw material and others | 50,372 | ||
Outsourcing fees | 4 | 7,569 | |
Other costs | 6 | 255 | |
Associates [Member] | New Optics USA, Inc.[member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Outsourcing fees | 509 | ||
Associates [Member] | NEWOPTIX RS. SA DE CV [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 33 | ||
Associates [Member] | INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 54 | ||
Dividend income | 30 | ||
Purchase of raw material and others | 1,608 | 1,862 | 1,429 |
Acquisition of property, plant and equipment | 58,111 | 66,548 | 48,398 |
Other costs | 896 | 2,259 | 261 |
Trade accounts and notes receivable and others | 2,000 | 2,375 | |
Trade accounts and notes payable and others | 30,179 | 18,662 | |
Associates [Member] | TLI Inc. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Dividend income | 101 | ||
Purchase of raw material and others | 57,429 | ||
Other costs | 2,238 | ||
Associates [Member] | AVACO Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Dividend income | 128 | ||
Purchase of raw material and others | 703 | ||
Acquisition of property, plant and equipment | 31,299 | ||
Other costs | 1,373 | ||
Trade accounts and notes payable and others | 4,382 | 2,949 | |
Associates [Member] | AVATEC Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Dividend income | 530 | 530 | 265 |
Outsourcing fees | 71,403 | 90,785 | 70,196 |
Other costs | 905 | 720 | 1,027 |
Associates [Member] | Paju Electric Glass Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Dividend income | 4,172 | 8,109 | 21,030 |
Purchase of raw material and others | 364,183 | 380,815 | 453,463 |
Other costs | 4,411 | 4,225 | 3,674 |
Trade accounts and notes payable and others | 60,566 | 60,141 | |
Associates [Member] | Shinbo Electric Co., Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 15,812 | 204,637 | |
Purchase of raw material and others | 355,607 | ||
Outsourcing fees | 2,449 | ||
Other costs | 21 | 1,097 | |
Associates [Member] | Narenanotech corporation [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 17 | ||
Purchase of raw material and others | 279 | 513 | |
Acquisition of property, plant and equipment | 21,727 | 24,821 | |
Other costs | 244 | 909 | |
Associates [Member] | WooRee E&L Co Ltd [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Purchase of raw material and others | 58 | ||
Other costs | 144 | 175 | 32 |
Associates [Member] | YAS Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 44 | ||
Purchase of raw material and others | 5,281 | 6,347 | 2,076 |
Acquisition of property, plant and equipment | 143,192 | 69,243 | 80,836 |
Other costs | 3,391 | 2,474 | 1,758 |
Trade accounts and notes receivable and others | 375 | ||
Trade accounts and notes payable and others | 6,145 | 6,474 | |
Associates [Member] | LB Gemini new growth fund no.16 [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 1,112 | ||
Dividend income | 540 | 8,394 | |
Associates [Member] | WooRee E&L Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Trade accounts and notes payable and others | 7 | 61 | |
Entity that has significant influence over the controlling company [member] | LG Electronics Inc. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 1,215,153 | 1,689,381 | 1,580,279 |
Purchase of raw material and others | 36,522 | 47,898 | 23,047 |
Acquisition of property, plant and equipment | 1,041,563 | 906,427 | 538,175 |
Other costs | 127,775 | 109,865 | 103,158 |
Trade accounts and notes receivable and others | 247,679 | 550,335 | |
Trade accounts and notes payable and others | 430,677 | 257,071 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 2,989,331 | 3,731,532 | 3,496,300 |
Purchase of raw material and others | 147,811 | 200,154 | 209,878 |
Acquisition of property, plant and equipment | 451,494 | 360,702 | 201,861 |
Other costs | 128,046 | 68,835 | 64,577 |
Trade accounts and notes receivable and others | 315,208 | 509,704 | |
Trade accounts and notes payable and others | 150,355 | 236,346 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics India Pvt. Ltd. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 71,798 | 71,597 | 75,591 |
Other costs | 103 | 163 | 69 |
Trade accounts and notes receivable and others | 9,047 | 3,030 | |
Trade accounts and notes payable and others | 29 | ||
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Vietnam Haiphong Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 173,051 | 205,934 | 162,893 |
Acquisition of property, plant and equipment | 4,541 | 8,892 | |
Other costs | 166 | 198 | 141 |
Trade accounts and notes receivable and others | 25,544 | 36,017 | |
Trade accounts and notes payable and others | 3,917 | ||
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Nanjing New Technology Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 223,524 | 300,785 | 229,773 |
Acquisition of property, plant and equipment | 424 | 245 | 293 |
Other costs | 1,528 | 379 | 1,876 |
Trade accounts and notes receivable and others | 43,463 | 46,373 | |
Trade accounts and notes payable and others | 139 | 699 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics RUS, LLC [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 106,631 | 103,479 | 127,316 |
Other costs | 2,673 | 963 | 2,993 |
Trade accounts and notes receivable and others | 22,570 | 25,102 | |
Trade accounts and notes payable and others | 90 | 80 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics do Brasil Ltda. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 192,775 | 228,821 | 133,903 |
Other costs | 350 | 430 | 3,430 |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Innotek Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 29,267 | 14,836 | 11,503 |
Purchase of raw material and others | 147,453 | 199,896 | 209,878 |
Other costs | 39,136 | 5,692 | 9,873 |
Trade accounts and notes receivable and others | 2,885 | 407 | |
Trade accounts and notes payable and others | 47,382 | 62,675 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | Qingdao LG Inspur Digital Communication Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 37,738 | 77,787 | 47,804 |
Trade accounts and notes receivable and others | 3,530 | 13,061 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | Inspur LG Digital Mobile Communications Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 131,970 | 230,832 | 370,966 |
Other costs | 1 | 5 | |
Trade accounts and notes receivable and others | 13,172 | 55,278 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Mexicalli, S.A. DE C.V [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 210,021 | ||
Other costs | 77 | ||
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Mlawa Sp. z o.o. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 740,784 | 847,565 | 709,558 |
Other costs | 631 | 985 | 895 |
Trade accounts and notes receivable and others | 70,236 | 136,874 | |
Trade accounts and notes payable and others | 33 | 25 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Taiwan Taipei Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 12,746 | 13,693 | 11,919 |
Other costs | 330 | 164 | 27 |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Wroclaw Sp. z o.o. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 290,785 | ||
Other costs | 99 | ||
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Hitachi Water Solutions Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 9,100 | ||
Acquisition of property, plant and equipment | 304,365 | 318,978 | 167,987 |
Other costs | 8,980 | 1,532 | 2,782 |
Trade accounts and notes receivable and others | 9,100 | ||
Trade accounts and notes payable and others | 50,425 | 154,864 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Reynosa, S.A. DE C.V. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 1,030,414 | 1,287,340 | 1,074,790 |
Other costs | 2,021 | 1,926 | 1,907 |
Trade accounts and notes receivable and others | 69,189 | 137,413 | |
Trade accounts and notes payable and others | 134 | 82 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Almaty Kazakhstan [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 3,759 | 14,079 | 15,953 |
Other costs | 42 | 53 | 33 |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Air-Conditioning (Shandong) Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Purchase of raw material and others | 330 | 255 | |
Acquisition of property, plant and equipment | 26,871 | 3,744 | 4,994 |
Other costs | 7,264 | 2,621 | 259 |
Trade accounts and notes payable and others | 17,654 | ||
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | Hi Entech Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Acquisition of property, plant and equipment | 22,378 | 6,991 | |
Other costs | 29,215 | 34,432 | 25,365 |
Trade accounts and notes payable and others | 16,816 | 6,679 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | Hientech (Tianjin) Co., Ltd. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Acquisition of property, plant and equipment | 92,900 | 21,838 | 28,587 |
Other costs | 23,880 | 11,822 | 10,613 |
Trade accounts and notes payable and others | 16,345 | 5,600 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics S.A. Pty Ltd [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 7,244 | 14,155 | 21,236 |
Other costs | 20 | 25 | 39 |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | Other related parties [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 5,195 | 857 | 2,289 |
Purchase of raw material and others | 28 | 3 | |
Acquisition of property, plant and equipment | 15 | 14 | |
Other costs | 11,480 | 7,264 | ₩ 4,094 |
Trade accounts and notes receivable and others | 5,263 | 7,618 | |
Trade accounts and notes payable and others | 1,246 | 1,714 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Mexicali, S.A. DE C.V. [Member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 187,844 | 319,772 | |
Other costs | 210 | 186 | |
Trade accounts and notes receivable and others | 15,305 | 29,440 | |
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics Egypt S.A.E. [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Sales and others | 25,491 | ||
Other costs | 16 | ||
Trade accounts and notes receivable and others | 10,296 | ||
Trade accounts and notes payable and others | 1 | ||
Subsidiaries of the entity that has significant influence over the Controlling Company [Member] | LG Electronics do Brasil Ltd [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Trade accounts and notes receivable and others | 15,608 | 19,091 | |
Trade accounts and notes payable and others | ₩ 62 | ₩ 10 |
Related Parties and Others - De
Related Parties and Others - Details of Significant Cash Transactions of Loans and Collection of Loans Occurred in Normal Course of Business with Related Parties (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | ₩ 3,850 | ₩ 2,966 |
Increase | 2,000 | |
Decrease | 1,116 | |
Ending balance | 3,850 | |
InveniaCoLtdAnd YasCoLtdMember [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | 2,750 | |
Decrease | 750 | |
Ending balance | 2,000 | 2,750 |
New Optics Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | 875 | 1,000 |
Decrease | 125 | |
Ending balance | 875 | |
INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | 2,375 | 833 |
Increase | 2,000 | |
Decrease | 458 | |
Ending balance | 2,375 | |
INVENIA Co., Ltd. (LIG INVENIA Co., Ltd.) [member] | InveniaCoLtdAnd YasCoLtdMember [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | 2,375 | |
Decrease | 375 | |
Ending balance | 2,000 | 2,375 |
Narenanotech corporation [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | 225 | 300 |
Decrease | 75 | |
Ending balance | 225 | |
YAS Co., Ltd. [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | 375 | 833 |
Decrease | 458 | |
Ending balance | 375 | |
YAS Co., Ltd. [member] | InveniaCoLtdAnd YasCoLtdMember [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Beginning balance | 375 | |
Decrease | ₩ 375 | |
Ending balance | ₩ 375 |
Related Parties and Others - Co
Related Parties and Others - Compensation Costs of Key Management (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [abstract] | |||
Short-term benefits | ₩ 2,622 | ₩ 3,724 | ₩ 2,323 |
Expenses related to the defined benefit plan | 794 | 488 | 897 |
Key management personnel compensation | ₩ 3,416 | ₩ 4,212 | ₩ 3,220 |
Supplemental Cash Flow Inform_3
Supplemental Cash Flow Information - Summary of Non-cash Investing and Financing Activities (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of cash flows [abstract] | |||
Changes in other accounts payable arising from the purchase of property, plant and equipment | ₩ 516,734 | ₩ 632,355 | ₩ 809,406 |
Non-current Assets Held for S_3
Non-current Assets Held for Sale - Schedule of Non-current Assets as Held for Sale (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Non-current Assets Held for Sale [line items] | |||
Property, plant and equipment | ₩ 21,600,130 | ₩ 16,201,960 | ₩ 12,031,449 |
Non-current assets held for sale [member] | |||
Non-current Assets Held for Sale [line items] | |||
Property, plant and equipment | ₩ 70,161 |