Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Entity Registrant Name | KB Financial Group Inc. |
Entity Central Index Key | 0001445930 |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
Document Period End Date | Dec. 31, 2022 |
Amendment Flag | false |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 389,634,335 |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Interactive Data Current | Yes |
Entity Address, Country | KR |
Entity File Number | 000-53445 |
Entity Incorporation, State or Country Code | M5 |
Entity Address, Address Line One | 26, Gukjegeumyung-ro 8-gil |
Entity Address, Address Line Two | Yeongdeungpo-gu |
Entity Address, City or Town | Seoul |
Entity Address, Postal Zip Code | 07331 |
ICFR Auditor Attestation Flag | true |
Document Accounting Standard | International Financial Reporting Standards |
Auditor Name | KPMG Samjong Accounting Corp. |
Auditor Location | Korea |
Auditor Firm ID | 1357 |
American Depositary Shares [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | American Depositary Shares, each representing one share of Common Stock |
Trading Symbol | KB |
Security Exchange Name | NYSE |
Common Stock [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Common Stock, par value ₩5,000 per share |
Trading Symbol | KB |
Security Exchange Name | NYSE |
Business Contact [Member] | |
Document Information [Line Items] | |
Entity Address, Country | KR |
Contact Personnel Name | Peter BongJoong Kwon |
Entity Address, Address Line One | 18F, Kookmin Bank |
Entity Address, Address Line Two | 141, Uisadang-daero |
Entity Address, Address Line Three | Yeongdeungpo-gu |
Entity Address, City or Town | Seoul |
Entity Address, Postal Zip Code | 07332 |
City Area Code | +82-2 |
Local Phone Number | 2073-2845 |
Contact Personnel Fax Number | +82-2-2073-2848 |
Contact Personnel Email Address | peter.kwon@kbfg.com |
Consolidated Statements Of Fina
Consolidated Statements Of Financial Position $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | ||
ASSETS | |||||
Cash and due from financial institutions | ₩ 32,063,421 | $ 25,443,525 | ₩ 31,009,374 | ||
Financial assets at fair value through profit or loss | 64,935,344 | 51,528,626 | 66,005,815 | ||
Derivative financial assets | 9,446,134 | 7,495,861 | 3,721,370 | ||
Loans measured at amortized cost | 436,530,502 | 346,403,293 | 417,900,273 | ||
Financial investments | 116,588,575 | 92,517,398 | 104,847,871 | ||
Investments in associates and joint ventures | 682,670 | [1] | 541,724 | 448,718 | [1] |
Property and equipment | 4,991,467 | 3,960,916 | 5,239,898 | ||
Investment property | 3,148,340 | 2,498,326 | 2,514,944 | ||
Intangible assets | 3,200,399 | 2,539,636 | 3,266,357 | ||
Net defined benefit assets | 478,934 | 380,052 | 100,083 | ||
Current income tax assets | 204,690 | 162,429 | 98,798 | ||
Deferred income tax assets | 251,085 | 199,245 | 159,093 | ||
Assets held for sale | 211,758 | 168,038 | 237,318 | ||
Assets of a disposal group held for sale | 0 | 0 | 171,749 | ||
Other assets | 28,437,529 | 22,566,244 | 28,174,173 | ||
Total assets | 701,170,848 | [2] | 556,405,314 | 663,895,834 | [2] |
LIABILITIES | |||||
Financial liabilities at fair value through profit or loss | 12,271,604 | 9,737,977 | 12,088,980 | ||
Derivative financial liabilities | 9,506,709 | 7,543,929 | 3,682,258 | ||
Deposits | 388,888,452 | 308,597,543 | 372,023,918 | ||
Borrowings | 71,717,366 | 56,910,414 | 56,912,374 | ||
Debentures | 68,698,203 | 54,514,596 | 67,430,188 | ||
Provisions | 968,819 | 768,794 | 808,604 | ||
Net defined benefit liabilities | 85,745 | 68,042 | 225,521 | ||
Current income tax liabilities | 997,675 | 791,692 | 662,672 | ||
Deferred income tax liabilities | 22,693 | 18,008 | 1,470,981 | ||
Insurance liabilities | 58,230,303 | 46,207,925 | 57,165,936 | ||
Other liabilities | 40,140,365 | 31,852,882 | 43,130,482 | ||
Total liabilities | 651,527,934 | [2] | 517,011,803 | 615,601,914 | [2] |
TOTAL EQUITY | |||||
Share capital | 2,090,558 | 1,658,936 | 2,090,558 | ||
Hybrid securities | 4,434,251 | 3,518,744 | 2,838,221 | ||
Capital surplus | 16,940,731 | 13,443,104 | 16,940,231 | ||
Accumulated other comprehensive income | (2,713,053) | (2,152,909) | 1,047,274 | ||
Accumulated other comprehensive income relating to assets of a disposal group held for sale | 0 | 0 | 7,671 | ||
Retained earnings | 28,446,513 | 22,573,373 | 25,672,815 | ||
Treasury shares | (836,188) | (663,546) | (1,136,188) | ||
Equity attributable to shareholders of the Parent Company | 48,362,812 | 38,377,702 | 47,460,582 | ||
Non-controlling interests | 1,280,102 | 1,015,809 | 833,338 | ||
Total equity | 49,642,914 | 39,393,510 | 48,293,920 | ||
Total liabilities and equity | ₩ 701,170,848 | $ 556,405,314 | ₩ 663,895,834 | ||
[1]Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million for the years ended December 31, 2021 and 2022, respectively.[2]Assets and liabilities of the reporting segments are amounts before intersegment transactions. |
Consolidated Statements Of Comp
Consolidated Statements Of Comprehensive Income $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) ₩ / shares | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 KRW (₩) ₩ / shares | Dec. 31, 2020 KRW (₩) ₩ / shares | |
Statement of comprehensive income [abstract] | ||||
Interest income | ₩ 20,788,518 | $ 16,496,467 | ₩ 15,210,878 | ₩ 14,485,747 |
Interest income from financial instruments at fair value through other comprehensive income and amortized cost | 19,912,128 | 15,801,019 | 14,620,490 | 13,826,382 |
Interest income from financial instruments at fair value through profit or loss | 876,390 | 695,448 | 590,388 | 659,365 |
Interest expense | (7,675,584) | (6,090,863) | (3,981,306) | (4,763,473) |
Net interest income | 13,112,934 | 10,405,604 | 11,229,572 | 9,722,274 |
Fee and commission income | 5,121,520 | 4,064,118 | 5,323,606 | 4,527,024 |
Fee and commission expense | (1,799,888) | (1,428,278) | (1,698,023) | (1,568,085) |
Net fee and commission income | 3,321,632 | 2,635,839 | 3,625,583 | 2,958,939 |
Insurance income | 17,136,842 | 13,598,726 | 16,107,858 | 14,386,640 |
Insurance expense | (16,440,329) | (13,046,016) | (15,551,147) | (14,086,647) |
Net insurance income | 696,513 | 552,709 | 556,711 | 299,993 |
Net gains on financial instruments at fair value through profit or loss before applying overlay approach | (359,158) | (285,005) | 1,160,981 | 1,221,610 |
Losses on overlay adjustments | 606,515 | 481,292 | (165,677) | (210,244) |
Net gains on financial instruments at fair value through profit or loss | 247,357 | 196,287 | 995,304 | 1,011,366 |
Net other operating expenses | (2,365,791) | (1,877,344) | (1,923,567) | (1,499,930) |
General and administrative expenses | (7,537,802) | (5,981,528) | (7,200,853) | (6,814,812) |
Operating income before provision for credit losses | 7,474,843 | 5,931,568 | 7,282,750 | 5,677,830 |
Provision for credit losses | (1,835,988) | (1,456,925) | (1,185,133) | (1,043,498) |
Net operating income | 5,638,855 | 4,474,643 | 6,097,617 | 4,634,332 |
Share of profit (loss) of associates and joint ventures | (28,758) | (22,821) | 93,526 | (43,750) |
Net other non-operating income (expenses) | 185,529 | 147,224 | (109,537) | 189,390 |
Net non-operating income (expenses) | 156,771 | 124,404 | (16,011) | 145,640 |
Profit before income tax expense | 5,795,626 | 4,599,046 | 6,081,606 | 4,779,972 |
Income tax expense | (1,622,387) | (1,287,425) | (1,697,225) | (1,264,394) |
Profit for the year | 4,173,239 | 3,311,621 | 4,384,381 | 3,515,578 |
Items that will not be reclassified to profit or loss | ||||
Remeasurements of net defined benefit liabilities | 239,702 | 190,213 | (45,510) | (13,434) |
Share of other comprehensive income (loss) of associates and joint ventures | 183 | 145 | 51 | (1) |
Gains (losses) on equity securities at fair value through other comprehensive income | (931,731) | (739,363) | 903,398 | 822,140 |
Fair value changes on financial liabilities designated at fair value through profit or loss due to own credit risk | 38,867 | 30,842 | 13,715 | 8,819 |
Items that will not be reclassified to profit or loss (Sub Total) | (652,979) | (518,163) | 871,654 | 817,524 |
Items that may be reclassified subsequently to profit or loss | ||||
Currency translation differences | 164,530 | 130,561 | 255,907 | (187,283) |
Gains (losses) on debt securities at fair value through other comprehensive income | (2,375,084) | (1,884,718) | (924,698) | (356,572) |
Shares of other comprehensive income (loss) of associates and joint ventures | (545) | (432) | 498 | (6,846) |
Gains (losses) on cash flow hedging instruments | 31,474 | 24,976 | 20,864 | (1,264) |
Gains (losses) on hedging instruments of net investments in foreign operations | (79,085) | (62,757) | (57,935) | 64,269 |
Other comprehensive income (loss) arising from separate account | (159,619) | (126,664) | (63,814) | (9,683) |
Gains (losses) on overlay adjustment | (440,129) | (349,259) | 120,282 | 152,125 |
Items that may be reclassified subsequently to profit or loss(Sub Total) | (2,858,458) | (2,268,293) | (648,896) | (345,254) |
Other comprehensive income for the year, net of tax | (3,511,437) | (2,786,457) | 222,758 | 472,270 |
Total comprehensive income for the year | 661,802 | 525,165 | 4,607,139 | 3,987,848 |
Profit attributable to: | ||||
Shareholders of the parent company | 4,394,830 | 3,487,462 | 4,409,543 | 3,468,448 |
Non-controlling interests | (221,591) | (175,841) | (25,162) | 47,130 |
Profit for the year | 4,173,239 | 3,311,621 | 4,384,381 | 3,515,578 |
Total comprehensive income for the year attributable to: | ||||
Shareholders of the parent company | 869,854 | 690,262 | 4,610,549 | 3,966,361 |
Non-controlling interests | (208,052) | (165,097) | (3,410) | 21,487 |
Total comprehensive income for the year | ₩ 661,802 | $ 525,165 | ₩ 4,607,139 | ₩ 3,987,848 |
Earnings Per Share | ||||
Basic earnings per share | (per share) | ₩ 10,955 | $ 8.69 | ₩ 11,134 | ₩ 8,843 |
Diluted earnings per share | (per share) | ₩ 10,705 | $ 8.49 | ₩ 10,890 | ₩ 8,730 |
Consolidated Statements Of Chan
Consolidated Statements Of Changes In Equity $ in Thousands, ₩ in Millions | KRW (₩) | USD ($) | Share capital KRW (₩) | Share capital USD ($) | Hybrid securities KRW (₩) | Hybrid securities USD ($) | Capital surplus KRW (₩) | Capital surplus USD ($) | Accumulated other comprehensive income KRW (₩) | Accumulated other comprehensive income USD ($) | Accumulated other comprehensive income Assets of a disposal group held for sale. KRW (₩) | Accumulated other comprehensive income Assets of a disposal group held for sale. USD ($) | Retained earnings KRW (₩) | Retained earnings USD ($) | Treasury shares KRW (₩) | Treasury shares USD ($) | Non-controlling interests KRW (₩) | Non-controlling interests USD ($) |
Balance at beginning at Dec. 31, 2019 | ₩ 39,149,975 | ₩ 2,090,558 | ₩ 399,205 | ₩ 17,122,777 | ₩ 368,744 | ₩ 19,719,472 | ₩ (1,136,188) | ₩ 585,407 | ||||||||||
Comprehensive income for the year | ||||||||||||||||||
Profit for the year | 3,515,578 | 0 | 0 | 0 | 0 | 3,468,448 | 0 | 47,130 | ||||||||||
Remeasurements of net defined benefit liabilities | (13,434) | 0 | 0 | 0 | (13,145) | 0 | 0 | (289) | ||||||||||
Currency translation differences | (187,283) | 0 | 0 | 0 | (162,906) | 0 | 0 | (24,377) | ||||||||||
Gains (losses) on financial instruments at fair value through other comprehensive income and transfer to retained earnings | 465,568 | 0 | 0 | 0 | 229,899 | 236,648 | 0 | (979) | ||||||||||
Share of other comprehensive income (losses) of associates and joint ventures | (6,847) | 0 | 0 | 0 | (6,847) | 0 | 0 | 0 | ||||||||||
Gains (losses) on cash flow hedging instruments | (1,264) | 0 | 0 | 0 | (1,264) | 0 | 0 | 0 | ||||||||||
Losses on hedging instruments of net investments in foreign operations | 64,269 | 0 | 0 | 0 | 64,269 | 0 | 0 | 0 | ||||||||||
Other comprehensive income or loss arising from separate account | (9,683) | 0 | 0 | 0 | (9,683) | 0 | 0 | 0 | ||||||||||
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk | 8,819 | 0 | 0 | 0 | 8,819 | 0 | 0 | 0 | ||||||||||
Gains (losses) on overlay adjustments | 152,125 | 0 | 0 | 0 | 152,125 | 0 | 0 | 0 | ||||||||||
Total comprehensive income for the year | 3,987,848 | 0 | 0 | 0 | 261,267 | 3,705,096 | 0 | 21,485 | ||||||||||
Transactions with shareholders | ||||||||||||||||||
Annual dividends paid to shareholders of the parent company | (861,092) | 0 | 0 | 0 | 0 | (861,092) | 0 | 0 | ||||||||||
Issuance of hybrid securities | 1,296,783 | 0 | 1,296,783 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Dividends on hybrid securities | (48,518) | 0 | 0 | 0 | 0 | (22,860) | 0 | (25,658) | ||||||||||
Non-controlling interests changes in business combination | 247,008 | 0 | 0 | 0 | 0 | 0 | 0 | 247,008 | ||||||||||
Others | (369,647) | 0 | 0 | (399,188) | 0 | 0 | 0 | 29,541 | ||||||||||
Total transactions with shareholders | 264,534 | 0 | 1,296,783 | (399,188) | 0 | (883,952) | 0 | 250,891 | ||||||||||
Balance at ending at Dec. 31, 2020 | 43,402,357 | 2,090,558 | 1,695,988 | 16,723,589 | 630,011 | ₩ 0 | 22,540,616 | (1,136,188) | 857,783 | |||||||||
Comprehensive income for the year | ||||||||||||||||||
Profit for the year | 4,384,381 | 0 | 0 | 0 | 0 | 0 | 4,409,543 | 0 | (25,162) | |||||||||
Remeasurements of net defined benefit liabilities | (45,510) | 0 | 0 | 0 | (45,742) | 0 | 0 | 0 | 232 | |||||||||
Currency translation differences | 255,907 | 0 | 0 | 0 | 241,273 | 0 | 0 | 0 | 14,634 | |||||||||
Gains (losses) on financial instruments at fair value through other comprehensive income and transfer to retained earnings | (21,300) | 0 | 0 | 0 | 201,697 | 0 | (223,928) | 0 | 931 | |||||||||
Share of other comprehensive income (losses) of associates and joint ventures | 549 | 0 | 0 | 0 | 549 | 0 | 0 | 0 | 0 | |||||||||
Gains (losses) on cash flow hedging instruments | 20,864 | 0 | 0 | 0 | 20,864 | 0 | 0 | 0 | 0 | |||||||||
Losses on hedging instruments of net investments in foreign operations | (57,935) | 0 | 0 | 0 | (57,935) | 0 | 0 | 0 | 0 | |||||||||
Other comprehensive income or loss arising from separate account | (63,814) | 0 | 0 | 0 | (63,814) | 0 | 0 | 0 | 0 | |||||||||
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk | 13,715 | 0 | 0 | 0 | 13,715 | 0 | 0 | 0 | 0 | |||||||||
Gains (losses) on overlay adjustments | 120,282 | 0 | 0 | 0 | 120,282 | 0 | 0 | 0 | 0 | |||||||||
Transfer within equity | 0 | 0 | 0 | 0 | (7,671) | 7,671 | 0 | 0 | 0 | |||||||||
Total comprehensive income for the year | 4,607,139 | 0 | 0 | 0 | 423,218 | 7,671 | 4,185,615 | 0 | (9,365) | |||||||||
Transactions with shareholders | ||||||||||||||||||
Annual dividends paid to shareholders of the parent company | (689,653) | 0 | 0 | 0 | 0 | 0 | (689,653) | 0 | 0 | |||||||||
Quarterly dividends paid to shareholders of the parent company | (292,226) | 0 | 0 | 0 | 0 | 0 | (292,226) | 0 | 0 | |||||||||
Issuance of hybrid securities | 1,142,233 | 0 | 1,142,233 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Dividends on hybrid securities | (95,682) | 0 | 0 | 0 | 0 | 0 | (71,537) | 0 | (24,145) | |||||||||
Non-controlling interests changes in business combination | 1,994 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,994 | |||||||||
Transactions with non-controlling interests | 192,592 | 0 | 0 | 216,853 | (5,955) | 0 | 0 | 0 | (18,306) | |||||||||
Others | 25,166 | 0 | 0 | (211) | 0 | 0 | 0 | 0 | 25,377 | |||||||||
Total transactions with shareholders | 284,424 | 0 | 1,142,233 | 216,642 | (5,955) | 0 | (1,053,416) | 0 | (15,080) | |||||||||
Balance at ending at Dec. 31, 2021 | 48,293,920 | $ 38,323,033 | 2,090,558 | $ 1,658,936 | 2,838,221 | $ 2,252,235 | 16,940,231 | $ 13,442,707 | 1,047,274 | $ 831,051 | 7,671 | $ 6,087 | 25,672,815 | $ 20,372,340 | (1,136,188) | $ (901,608) | 833,338 | $ 661,285 |
Balance at beginning at Dec. 31, 2021 | 48,293,920 | 38,323,033 | 2,090,558 | 1,658,936 | 2,838,221 | 2,252,235 | 16,940,231 | 13,442,707 | 1,047,274 | 831,051 | 7,671 | 6,087 | 25,672,815 | 20,372,340 | (1,136,188) | (901,608) | 833,338 | 661,285 |
Comprehensive income for the year | ||||||||||||||||||
Profit for the year | 4,173,239 | 3,311,621 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,394,830 | 3,487,462 | 0 | 0 | (221,591) | (175,841) |
Remeasurements of net defined benefit liabilities | 239,702 | 190,213 | 0 | 0 | 0 | 0 | 0 | 0 | 239,624 | 190,151 | 0 | 0 | 0 | 0 | 0 | 0 | 78 | 62 |
Currency translation differences | 164,530 | 130,561 | 0 | 0 | 0 | 0 | 0 | 0 | 157,281 | 124,808 | (7,671) | (6,087) | 0 | 0 | 0 | 0 | 14,920 | 11,840 |
Gains (losses) on financial instruments at fair value through other comprehensive income and transfer to retained earnings | (3,306,815) | (2,624,081) | 0 | 0 | 0 | 0 | 0 | 0 | (3,548,378) | (2,815,771) | 0 | 0 | 243,021 | 192,846 | 0 | 0 | (1,458) | (1,157) |
Share of other comprehensive income (losses) of associates and joint ventures | (362) | (287) | 0 | 0 | 0 | 0 | 0 | 0 | (362) | (287) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gains (losses) on cash flow hedging instruments | 31,474 | 24,976 | 0 | 0 | 0 | 0 | 0 | 0 | 31,474 | 24,976 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Losses on hedging instruments of net investments in foreign operations | (79,085) | (62,757) | 0 | 0 | 0 | 0 | 0 | 0 | (79,085) | (62,757) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Other comprehensive income or loss arising from separate account | (159,619) | (126,664) | 0 | 0 | 0 | 0 | 0 | 0 | (159,619) | (126,664) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk | 38,867 | 30,842 | 0 | 0 | 0 | 0 | 0 | 0 | 38,867 | 30,842 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gains (losses) on overlay adjustments | (440,129) | (349,259) | 0 | 0 | 0 | 0 | 0 | 0 | (440,129) | (349,259) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total comprehensive income for the year | 661,802 | 525,165 | 0 | 0 | 0 | 0 | 0 | 0 | (3,760,327) | (2,983,960) | (7,671) | (6,087) | 4,637,851 | 3,680,308 | 0 | 0 | (208,051) | (165,096) |
Transactions with shareholders | ||||||||||||||||||
Annual dividends paid to shareholders of the parent company | (853,299) | (677,125) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (853,299) | (677,125) | 0 | 0 | 0 | 0 |
Quarterly dividends paid to shareholders of the parent company | (584,452) | (463,785) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (584,452) | (463,785) | 0 | 0 | 0 | 0 |
Issuance of hybrid securities | 2,027,837 | 1,609,165 | 0 | 0 | 1,596,030 | 1,266,510 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 431,807 | 342,655 |
Dividends on hybrid securities | (162,496) | (128,947) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (126,402) | (100,305) | 0 | 0 | (36,094) | (28,642) |
Retirement of treasury share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (300,000) | (238,061) | 300,000 | 238,061 | 0 | 0 |
Others | 259,602 | 206,004 | 0 | 0 | 0 | 0 | 500 | 397 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 259,102 | 205,607 |
Total transactions with shareholders | 687,192 | 545,313 | 0 | 0 | 1,596,030 | 1,266,510 | 500 | 397 | 0 | 0 | 0 | 0 | (1,864,153) | (1,479,275) | 300,000 | 238,061 | 654,815 | 519,620 |
Balance at ending at Dec. 31, 2022 | ₩ 49,642,914 | $ 39,393,510 | ₩ 2,090,558 | $ 1,658,936 | ₩ 4,434,251 | $ 3,518,744 | ₩ 16,940,731 | $ 13,443,104 | ₩ (2,713,053) | $ (2,152,909) | ₩ 0 | $ 0 | ₩ 28,446,513 | $ 22,573,373 | ₩ (836,188) | $ (663,546) | ₩ 1,280,102 | $ 1,015,809 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Cash flows from operating activities: | ||||
Profit for the year | ₩ 4,173,239 | $ 3,311,621 | ₩ 4,384,381 | ₩ 3,515,578 |
Adjustment for non-cash items | ||||
Net gains on financial assets at fair value through profit or loss | (437,347) | (347,051) | (274,515) | (566,447) |
Net losses on derivative financial instruments for hedging purposes | 141,759 | 112,491 | 213,996 | (52,696) |
Adjustment of fair value of derivative financial instruments | 0 | 0 | 0 | (3,198) |
Provision for credit losses | 1,835,988 | 1,456,925 | 1,185,133 | 1,043,498 |
Net losses on financial investments | 236,685 | 187,818 | 97,813 | (278,805) |
Share of loss (profit) of associates and joint ventures | 28,758 | 22,821 | (93,526) | 43,750 |
Depreciation and amortization expense | 878,841 | 697,393 | 850,614 | 874,911 |
Amortization expense of VOBA | 137,617 | 109,204 | 156,074 | 173,866 |
Other net losses (gains) on property and equipment/intangible assets | (251,858) | (199,859) | 1,974 | (124,218) |
Share-based payments | 58,275 | 46,243 | 101,935 | 49,364 |
Provision for policy reserves | 1,046,300 | 830,278 | 2,761,135 | 2,709,818 |
Post-employment benefits | 249,874 | 198,284 | 237,315 | 216,891 |
Net interest expense (income) | (89,588) | (71,091) | 256,736 | 458,210 |
Losses (gains) on foreign currency translation | 669,989 | 531,661 | (665,282) | (116,786) |
Gain on a bargain purchase | 0 | 0 | (288) | (145,067) |
Other expenses | 800,935 | 635,572 | 721,459 | 524,742 |
Adjustment for non-cash items (Sub-total) | 5,306,228 | 4,210,691 | 5,550,573 | 4,807,833 |
Changes in operating assets and liabilities | ||||
Financial asset at fair value through profit or loss | 3,121,774 | 2,477,245 | (6,149,781) | (7,139,647) |
Derivative financial instruments | 546,095 | 433,347 | 39,343 | (38,376) |
Loans measured at fair value through other comprehensive income | (49,352) | (39,163) | (24,618) | 81,803 |
Loans measured at amortized cost | (21,129,553) | (16,767,091) | (41,457,544) | (31,126,636) |
Current income tax assets | (105,892) | (84,029) | 10,581 | (54,539) |
Deferred income tax assets | (91,429) | (72,552) | (92,967) | (15,108) |
Other assets | (1,222,952) | (970,458) | 950,313 | (5,996,324) |
Financial liabilities at fair value through profit or loss | 1,252,561 | 993,954 | 759,989 | (3,247,108) |
Deposits | 16,566,047 | 13,145,778 | 32,497,922 | 27,381,662 |
Current income tax liabilities | 335,003 | 265,837 | (102,273) | 323,313 |
Deferred income tax liabilities | (152,767) | (121,226) | 294,130 | (120,023) |
Other liabilities | (2,862,918) | (2,271,833) | 1,314,561 | 3,216,600 |
Changes in operating assets and liabilities (Sub-total) | (3,793,383) | (3,010,191) | (11,960,344) | (16,734,383) |
Net cash inflow (outflow) from operating activities | 5,686,084 | 4,512,120 | (2,025,390) | (8,410,972) |
Cash flows from investing activities: | ||||
Net cash flows from derivative financial instruments for hedging purposes | (166,066) | (131,780) | 427 | (64,177) |
Disposal of financial asset at fair value through profit or loss | 9,513,537 | 7,549,348 | 13,788,604 | 14,169,758 |
Acquisition of financial asset at fair value through profit or loss | (12,807,238) | (10,163,023) | (12,298,792) | (13,923,371) |
Disposal of financial investments | 25,993,266 | 20,626,630 | 50,825,909 | 83,143,443 |
Acquisition of financial investments | (43,612,269) | (34,607,968) | (56,633,996) | (92,206,817) |
Disposal of investments in associates and joint ventures | 167,690 | 133,068 | 678,636 | 210,266 |
Acquisition of investments in associates and joint ventures | (430,400) | (341,539) | (261,881) | (515,342) |
Disposal of property and equipment | 31,181 | 24,743 | 7,016 | 6,465 |
Acquisition of property and equipment | (296,937) | (235,631) | (286,613) | (424,862) |
Disposal of investment property | 1,292,114 | 1,025,341 | 177,033 | 646,263 |
Acquisition of investment property | (649,961) | (515,768) | (118,961) | (53,196) |
Disposal of intangible assets | 5,654 | 4,487 | 8,203 | 14,303 |
Acquisition of intangible assets | (237,258) | (188,273) | (191,696) | (182,859) |
Net cash flows from changes in ownership of subsidiaries | 932,428 | 739,917 | 374,992 | (1,951,245) |
Others | (21,456) | (17,026) | 75,105 | 142,961 |
Net cash outflow from investing activities | (20,285,715) | (16,097,474) | (3,856,014) | (10,988,410) |
Cash flows from financing activities: | ||||
Net cash flows from derivative financial instruments for hedging purposes | 33,402 | 26,506 | 5,870 | (16,202) |
Net increase in borrowings | 14,669,649 | 11,640,916 | 7,321,582 | 10,683,659 |
Increase in debentures | 107,607,314 | 85,390,432 | 121,767,039 | 119,705,016 |
Decrease in debentures | (106,631,213) | (84,615,859) | (117,509,585) | (107,760,800) |
Increase (decrease) in other payables to trust accounts | (1,225,402) | (972,402) | (509,106) | 2,326,495 |
Dividends paid to shareholders of the Parent Company | (1,437,751) | (1,140,909) | (981,879) | (861,092) |
Dividends paid on hybrid securities | (126,402) | (100,305) | (71,537) | (22,860) |
Issuance of hybrid securities | 1,596,030 | 1,266,510 | 1,142,233 | 1,296,783 |
Decrease in non-controlling interests | 395,713 | 314,013 | (24,145) | (25,658) |
Redemption of principal of lease liabilities | (257,570) | (204,391) | (253,248) | (235,498) |
Others | 694,473 | 551,090 | (65,826) | 172,433 |
Net cash inflow from financing activities | 15,318,243 | 12,155,599 | 10,821,398 | 25,262,276 |
Effect of exchange rate changes on cash and cash equivalents | 170,639 | 135,408 | 241,544 | (261,665) |
Net increase (decrease) in cash and cash equivalents | 889,251 | 705,654 | 5,181,538 | 5,601,229 |
Increase in beginning balance of cash and cash equivalents | 25,273,273 | 20,055,288 | 20,091,735 | 14,490,506 |
Increase in ending balance of cash and cash equivalents | ₩ 26,162,524 | $ 20,760,942 | ₩ 25,273,273 | ₩ 20,091,735 |
The Parent Company
The Parent Company | 12 Months Ended |
Dec. 31, 2022 | |
Entity Information [Abstract] | |
The Parent Company | 1. The Parent Company KB Financial Group Inc. (the “Parent Company”) was incorporated on September 29, 2008, under the Financial Holding Companies Act of Korea. KB Financial Group Inc. and its subsidiaries (the “Group”) derive substantially all of their revenue and income from providing a broad range of banking and related financial services to consumers and corporations. The Parent Company’s main business purpose is to control subsidiaries that engage in the financial business or subsidiaries closely related to the financial business through the stock ownership. The Parent Company’s headquarter is located at 26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, The Parent Company’s share capital as of December 31, 202 2 |
Basis of Preparation
Basis of Preparation | 12 Months Ended |
Dec. 31, 2022 | |
Basis Of Preparation Of Financial Statements [Abstract] | |
Basis of Preparation | 2. Basis of Preparation 2.1 Application of IFRS The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS are the standards and related interpretations issued by the International Accounting Standards Board (“IASB”). The preparation of the consolidated financial statements requires the use of certain critical accounting estimates. Management also needs to exercise judgment in applying the Group’s accounting policies. The areas that require a more complex and higher level of judgment or areas that require significant assumptions and estimations are disclosed in Note 2.4. 2.1.1 The Group has applied the following amended standards for the first time for its annual reporting period commencing January 1, 2022. • Amendments to IFRS No.16 Leases – COVID-19-Related 30, 2021 The application of the practical expedient, a lessee may elect not to assess whether a rent concession occurring as a direct consequence of the COVID-19 • Amendments to IFRS No.3 Business Combination – Reference to the Conceptual Framework The amendments update a reference of definition of assets and liabilities to qualify for recognition in revised Conceptual Framework for Financial Reporting. However, the amendments add an exception for the recognition of liabilities and contingent liabilities within the scope of IFRS No.37 Provisions, Contingent Liabilities and Contingent Assets Levies • Amendments to IAS No.16 Property, Plant and Equipment – Proceeds Before Intended Use The amendments prohibit an entity from deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while the entity is preparing the asset for its intended use. Instead, the entity will recognize the proceeds from selling such items, and the costs of producing those items, as profit or loss. These amendments do not have a significant impact on the consolidated financial statements. • Amendments to IAS No.37 Provisions, Contingent Liabilities and Contingent Assets – Onerous Contracts: Cost of Fulfilling a Contract The amendments clarify that the direct costs of fulfilling a contract include both the incremental costs of fulfilling the contract and an allocation of other costs directly related to fulfilling contracts when assessing whether the contract is onerous. These amendments do not have a significant impact on the consolidated financial statements. • Annual improvements to IFRS 2018-2020 These amendments do not have a significant impact on the consolidated financial statements. • IFRS No.1 First-time Adoption of International Financial Reporting Standards • IFRS No.9 Financial Instruments • IFRS No.16 Leases • IAS No.41 Agricultur 2.1.2 The Group has changed the following accounting policy for its annual reporting period commencing January 1, 2022. The Group had classified due from financial institutions with restriction to use, such as reserve requirement deposits, as due from financial institutions measured at amortized cost rather than cash and cash equivalents; however, following the IFRS Interpretations Committee’s decision that cash and cash equivalents include restricted demand deposits, some classified due from financial institutions with restriction to use, such as reserve requirement deposits, the Group has retrospectively classified these accounts as cash and cash equivalents from January 1, 2022. The comparative consolidated financial statements have been restated to reflect the changes made to retrospective application. The application of these accounting policy changes has no effect on the consolidated statements of financial position as of January 1, 2021, December 31, 2021 and 2022, and the consolidated statements of comprehensive income for the years ended December 31, 2020, 2021 and 2022. The effects on the consolidated statements of cash flows for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Increase in changes in other assets ₩ 3,129,722 ₩ 4,674,874 ₩ 175,012 Increase (decrease) in effect of exchange rate changes on cash and cash equivalents in foreign currency (89,860 ) 83,297 88,082 Increase in beginning balance of cash and cash equivalents 8,366,781 11,406,643 16,164,814 Increase in ending balance of cash and cash equivalents 11,406,643 16,164,814 16,427,908 2.1.3 The following new and amended standards have been published that are not mandatory for December 31, 2022 reporting period and have not been adopted by the Group. • Amendments to IAS No.1 Presentation of Financial Statements – Classification of Liabilities as Current or Non-current The amendments clarify that liabilities are classified as either current or non-current, • Issuance of IFRS No.17 Insurance Contracts (a) Major changes in accounting policy IFRS No.17 Insurance Contracts Insurance Contracts Financial Instruments (Measurement of Insurance liabilities, etc.) Under IFRS No.17, the Group estimates all cash flows from insurance contracts and measures the insurance liabilities using discount rate that reflects assumptions and risks at the reporting date. In details, the Group identifies a portfolio of insurance contracts that comprises contracts exposed to similar risks and managed together, then separates the contracts with similar profitability within the portfolio as groups of insurance contracts. The groups of insurance contracts are measured as the sum of the estimate of future cash flows (including cash flows related to policy loans and reflecting time value of money, etc.), risk adjustment, and the contractual service margin. With the adoption of IFRS No.17, account of the contractual service margin will be introduced, which means unearned profit that would be recognized by providing insurance service in the future. Meanwhile, reinsurance contracts mean insurance contracts issued by a reinsurance company to compensate claims arising from original insurance contracts issued by other insurance companies. The groups of insurance contracts also apply assumptions consistent with the groups of original insurance contracts when estimating the present value of future cash flows for the groups of insurance contracts ceded. (Recognition and measurement of financial performance) Under IFRS No.17, the Group recognizes insurance revenue on an accrual basis for services (insurance coverage) provided to the policyholder by each annual reporting period, excluding investment component (refunds due to termination and maturity) to be paid to the policyholder regardless of the insured event. In addition, net insurance income and net investment income are presented separately to enable users of the information to understand the sources of net income. The Group also includes the time value of money, financial risk and effects of their fluctuations related to the group of insurance contracts and the Group should select accounting policy whether the insurance finance income or expenses for the periods are divided to profit or loss, or other comprehensive income. (Accounting policy for transition of insurance contracts) Under transition requirements of IFRS No.17, the Group shall adjust the original cost-based measurement to current measurement by applying the fully retrospective approach, modified retrospective approach or fair value approach, for the group of insurance contracts issued before the transition date (the beginning of the annual reporting period immediately preceding initial application date of January 1, 2022). In principle, the Group shall identify, recognize and measure each group of insurance contracts as if IFRS No.17 had always applied before the transition date. If this method is impracticable, the Group can apply the modified retrospective approach or the fair value approach. However, the fair value approach can be applied even though it is possible to apply the fully retrospective approach for the group of insurance contracts with direct participation features that meet specific requirements. Meanwhile, the modified retrospective approach is a way to obtain results very close to the fully retrospective approach by using all reasonable and supportable information available without undue cost or effort. The fair value approach is a way to measure group of insurance contracts using fair value measurements based on IFRS No.13 Fair Value Measurements Key changes in accounting policies expected by adopting IFRS No.17 are as follows: IFRS No.4 IFRS No.17 Insurance liability measurement Measure at cost using the past information Measure at current value using information at the reporting date Need to choose transition method to adjust the existing group of insurance contracts to current measurement at the transition date (among the fully retrospective approach, modified retrospective approach or fair value approach) Recognition of insurance revenue Apply cash basis to recognize the received premium as insurance revenue Recognize revenue by reflecting services provided to the policyholder by each annual reporting period (accrual basis) Include investment component, such as refunds due to termination and maturity, to insurance revenue Exclude investment component (refunds due to termination and maturity) from insurance revenue Net insurance income and net investment income (financial income) are presented separately Deferred acquisition cost Recognize deferred acquisition cost as a separate asset Do not recognize deferred acquisition cost as a separate asset Estimate insurance liability based on net insurance premium (excluding administration expenses) Estimate insurance liability based on operating insurance premium (including administration expenses) (b) Status of preparation for IFRS No.17 adoption In order for the Group to smoothly adopt IFRS No.17, it is necessary to prepare a separate implementation department, implement an accounting system, train executives and employees, and analyze financial impact and etc. Above all, for the adequacy of insurance liability evaluation, the stability of the accounting system and the conformity of system calculations must be secured, and accounting policies and actuarial assumptions must be established reasonably and applied consistently every period. For this, the Group needs to verify the system continually, and prepare various internal control procedures. In particular, the Group shall implement and comply with an internal control over financial reporting suitable for the changed accounting environment so that reliable accounting information can be prepared and disclosed after the adoption of the new accounting standard. The adoption of IFRS No.17 will not only change accounting standard, but will also affect insurance product development, sales strategies, and long-term business strategies. Accordingly, it is necessary for the Group to re-establish The detailed preparations for adoption and future plans are as follows: (KB Insurance Co., Ltd.) Key activity Progress (at the reporting date) Future plan Implementation department (Feb. 2017) Organize the implementation department of IFRS No.17 — (Apr. 2018) Expand the implementation department of IFRS No.17 (currently, total 14 personnel who are fully in charge of) Implementation of accounting system (Feb. 2017) Start implementation of the integrated actuarial system (Jun. 2018) Complete implementation of the system — (Sep. 2018) Start implementation of the accounting system (Nov. 2020) Complete implementation of the system Currently, pilot operation Training for executives and employees Prepare and implement training for executives/head of departments and employees in related departments — Reporting to management Report implementation of the system, financial effects, etc. — (KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.)) Key activity Progress (at the reporting date) Future plan Implementation department (Apr. 2016) Organize the implementation department of IFRS No.17 (currently, total 10 personnel who are fully in charge of) — Implementation of accounting system (Nov. 2017) Start implementation of the integrated actuarial system (Nov. 2018) Complete implementation of the system Advancement of the internal control over financial reporting (Nov. 2020) Start implementation of the accounting system (Dec. 2021) Complete implementation of the system Training for executives and employees Implement training for employees — Reporting to management Report the implementation of the system, financial effect of insurance supervisory accounting for adoption of IFRS No.17 — (KB Life Insurance Co., Ltd) Key activity Progress (at the reporting date) Future plan Implementation department (Jul. 2018) Organize the responsive team for IFRS No.17 (Mar. 2019) Organize and operate TF for IFRS No.17 — Implementation of accounting system (Mar. 2019) Start implementation of the accounting system (Dec. 2020) Complete implementation of the system Currently, pilot operation — Training for executives and employees Prepare and implement training for executives/head of departments and employees in related departments (total 20 trainings) (Nov. 2020) Open online training (Dec. 2021) Implement non-face-to-face Plan to expand training target Reporting to management Report implementation of the system, financial effects, etc. — (c) Financial effect evaluation As the adoption of IFRS No.17 changes the measurement method of insurance liability and insurance revenue recognition, financial volatility is expected to occur in the consolidated financial statements for 2023. In order to analyze the financial impact of the initial application of IFRS No.17, the Group assessed the impact on the consolidated financial statements based on the information available and the current circumstances as of December 31, 2022. Therefore, the results of financial impact assessment as of December 31, 2022 are subject to change depending on economic conditions and additional information available to the Group in the future. (Changes in amounts in the consolidated statement of financial position and the consolidated statement of comprehensive income) The results of the financial impact assessment of the initial application of IFRS No.17 to the consolidated financial statement using the implemented accounting system as of December 31, 2022, based on information obtained up to the date of this annual report Under IFRS No.17, on a consolidated basis, total assets, total liabilities and total equity as of December 31, 2022 are expected to be ₩ 688,608,545 million, ₩ 634,464,297 million and ₩ 54,144,248 million, respectively, and net income and total comprehensive income for the year ended December 31, 2022 are expected to be ₩ 3,900,094 million and ₩ 4,046,755 million, respectively. Compared to IFRS No.4, on a consolidated basis, the total assets of ₩ 12,562,303 million and total liabilities of ₩ 17,063,637 million decreased, respectively, and the total equity of ₩ 4,501,334 million increased. The results of this analysis will be opening balances as of January 1, 2023, but it . 1) Effects on consolidated statement of financial position IFRS No.4 IFRS No.17 Net increase (decrease) (In millions of Korean won) Assets Assets Financial assets ₩ 659,563,977 Financial assets ₩ 660,449,629 ₩ 885,652 Intangible assets 3,200,399 Intangible assets 1,858,470 (1,341,929 ) Deferred income tax assets 251,085 Deferred income tax assets 188,372 (62,713 ) Other assets 28,437,529 Other assets 14,815,439 (13,622,090 ) Insurance contract assets 83,304 83,304 Reinsurance contract assets 1,495,966 1,495,966 Others 9,717,858 Others 9,717,365 (493 ) Total assets ₩ 701,170,848 Total assets ₩ 688,608,545 ₩ (12,562,303 ) Liabilities Liabilities Financial liabilities 551,082,334 Financial liabilities 556,125,846 5,043,512 Insurance contract liabilities 58,230,303 Insurance contract liabilities 45,920,012 (12,310,291 ) Reinsurance contract liabilities 31,728 31,728 Deferred income tax liabilities 22,693 Deferred income tax liabilities 1,574,954 1,552,261 Other liabilities 40,140,365 Other liabilities 28,793,630 (11,346,735 ) Others 2,052,239 Others 2,018,127 (34,112 ) Total liabilities ₩ 651,527,934 Total liabilities ₩ 634,464,297 ₩ (17,063,637 ) Equity Equity Share capital and capital adjustments 22,629,352 Share capital and capital adjustments 22,629,352 — Accumulated other comprehensive income (2,713,053 ) Accumulated other comprehensive income 1,312,522 4,025,575 Retained earnings 28,446,513 Retained earnings 28,922,272 475,759 Non-controlling 1,280,102 Non-controlling 1,280,102 — Total equity ₩ 49,642,914 Total equity ₩ 54,144,248 ₩ 4,501,334 2) Effects on consolidated statement of comprehensive income IFRS No.4 IFRS No.17 Net increase (decrease) (In millions of Korean won) Net interest income ₩ 13,112,934 Net interest income 1 ₩ 11,393,422 ₩ (1,719,512 ) Net fee and commission income 3,321,632 Net fee and commission income 3,514,902 193,270 Net insurance income 696,513 Net insurance income 1,334,090 637,577 Insurance income 17,136,842 Insurance income 9,544,474 (7,592,368 ) Insurance expense (16,440,329 ) Insurance service expense (7,961,019 ) 8,479,310 Reinsurance income 522,389 522,389 Reinsurance expense (771,754 ) (771,754 ) Net gains on financial instruments at fair value through profit or loss 247,357 Net gains on financial instruments at fair value (1,133,475 ) (1,380,832 ) Insurance finance income 897,441 897,441 Net other operating (2,365,791 ) Net other operating expenses (2,268,465 ) 97,326 General and administrative expenses (7,537,802 ) General and administrative expenses (6,643,654 ) 894,148 Provision for credit losses (1,835,988 ) Provision for credit losses (1,847,775 ) (11,787 ) Net other non-operating 156,771 Net other non-operating 160,569 3,798 Profit before income tax expense 5,795,626 Profit before income tax expense 5,407,055 (388,571 ) Income tax expense (1,622,387 ) Income tax expense (1,506,961 ) 115,426 Profit for the year 4,173,239 Profit for the year 3,900,094 (273,145 ) Non-controlling (221,591 ) Non-controlling (221,591 ) — Shareholders of the Parent Company 4,394,830 Shareholders of the Parent Company 4,121,685 (273,145 ) Other comprehensive income for the year, net (3,511,437 ) Other comprehensive income for the year, net of tax 146,661 3,658,098 Total comprehensive income for the year ₩ 661,802 Total comprehensive income for the year ₩ 4,046,755 ₩ 3,384,953 1 Includes insurance interest expense on insurance contract liabilities. F-23 (Financial impact due to the transition methods to IFRS No.17) The expected impact of the transition methods on the valuation of insurance contract liabilities as of the transition date of January 1, 2022 is as follows: 1) KB Insurance Co., Ltd. The Group adjusted the original cost-based measurement to current measurement by applying the fully retrospective approach for the group of insurance contract issued from 2018 to 2021 (within immediately preceding 4 years prior to the transition date of January 1, 2022), and by applying the fair value approach for the group of insurance contracts issued before 2018 (for the periods prior to the year beginning January 1, 2018). In applying the fair value approach, the fair value of insurance contracts (IFRS No.13 Fair Value Measurements) was calculated by reflecting some of adjustments based on the valuation amount of insurance contract liabilities calculated under the Korean-Insurance Capital Standards. As a result of analyzing the financial impact related to accounting for transition applying IFRS No.17, as of January 1, 2022, the insurance contract assets and insurance contract liabilities are expected to be ₩ 1,644,590 million and ₩ 25,847,176 million, respectively. The impact of the transition method on the valuation of KB Insurance Co., Ltd.’s insurance contract liabilities included in the Group’s consolidated financial statements is as follows: IFRS No.17 Transition method Period Insurance contract 1 Insurance contract 1 Contractual service 2 (In millions of Korean won) Fully retrospective approach From 2018 to 2021 ₩ 1,358,667 ₩ 4,760,646 ₩ 5,061,116 Fair value approach Before 2018 285,923 21,086,530 2,169,132 ₩ 1,644,590 ₩ 25,847,176 ₩ 7,230,248 1 Insurance contract assets and insurance contract liabilities are the total amounts, including reinsurance contract assets and reinsurance contract liabilities, respectively. 2 The contractual service margin is presented as net amount by offsetting the amounts included in the insurance contract assets and insurance contract liabilities. 2) KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) The Group has control over KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) as it holds the 100% ownership interests on KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) through stock purchases on August 31, 2020, after the approval obtained from the Financial Services Commission for inclusion the company as a subsidiary on August 26, 2020. Accordingly, the Group adjusted the original cost-based measurement to current measurement by applying the fully retrospective approach for the group of insurance contract issued by KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) In applying the fully retrospective approach, the contractual service margin on initial recognition for the group of insurance contract as of the acquisition date, was measured based on applying the fair value of the business combination under measurement on initial recognition of insurance contracts acquired in a business combination of IFRS No.17. As a result of analyzing the financial impact related to accounting for transition applying IFRS No.17, as of January 1, 2022, the insurance contract liabilities are expected to be ₩ 20,140,367 million. The impact of the transition method on the valuation of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.)’s insurance contract liabilities included in the Group’s consolidated financial statements is as follows: IFRS No.17 Transition method Period Insurance contract assets 1 Insurance contract liabilities 1 Contractual service margin 2 (In millions of Korean won) Fully retrospective approach For the entire period ₩ — ₩ 20,140,367 ₩ 3,606,629 ₩ — ₩ 20,140,367 ₩ 3,606,629 1 Insurance contract assets and insurance contract liabilities are the total amounts, including reinsurance contract assets and reinsurance contract liabilities, respectively. 2 The contractual service margin is presented as net amount by offsetting the amounts included in the insurance contract assets and insurance contract liabilities. 3) KB Life Insurance Co., Ltd. The Group adjusted the original cost-based measurement to current measurement by applying the fully retrospective approach for the group of insurance contract issued from 2019 to 2021 (within immediately preceding 3 years prior to the transition date of January 1, 2022), and by applying the fair value approach for the group of insurance contracts issued before 2019 (for the periods prior to the year beginning January 1, 2019). In applying the fair value approach, the fair value of insurance contracts (IFRS No.13 Fair Value Measurements) was calculated by reflecting some of adjustments based on the valuation amount of insurance contract liabilities calculated under the Korean-Insurance Capital Standards. As a result of analyzing the financial impact related to accounting for transition applying IFRS No.17, as of January 1, 2022, the insurance contract assets and insurance contract liabilities are expected to be ₩ 3,854 million and ₩ 8,459,438 million, respectively. The impact of the transition method on the valuation of KB Life Insurance Co., Ltd.’s insurance contract liabilities included in the Group’s consolidated financial statements is as follows: Transition method Period IFRS No.17 Insurance contract assets 1 Insurance contract liabilities 1 Contractual service margin 2 (In millions of Korean won) Fully retrospective approach From 2019 to 2021 ₩ 3,369 ₩ 2,038,428 ₩ 359,140 Fair value approach Before 2019 485 6,421,010 57,691 ₩ 3,854 ₩ 8,459,438 ₩ 416,831 1 Insurance contract assets and insurance contract liabilities are the total amounts, including reinsurance contract assets and reinsurance contract liabilities, respectively. 2 The contractual service margin is presented as net amount by offsetting the amounts included in the insurance contract assets and insurance contract liabilities. (Financial effect related to insurance liabilities) If the Group applies IFRS No.17 to insurance liabilities as of December 31, 2022, the insurance (reinsurance) contract assets and insurance (reinsurance) contract liabilities are expected to be ₩ 1,579,270 million and ₩ 45,951,740 million, respectively. The estimated composition of applicable assets and liabilities under IFRS No.17 is as follows: (In millions of Korean won) Assets under IFRS No.17 Insurance contract assets ₩ 83,304 Contractual service margin (316,418 ) Reinsurance contract assets 1,495,966 Contractual service margin on reinsurance contract (93,045 ) ₩ 1,579,270 (In millions of Korean won) Liabilities under IFRS No.17 Insurance contract liabilities ₩ 45,920,012 Contractual service margin 12,892,278 Reinsurance contract liabilities 31,728 Contractual service margin on reinsurance contract (7,922 ) ₩ 45,951,740 (Financial impact of reclassifications of business models) The Group will re-evaluate re-evaluation, The expected impact of the measurement categories of financial instruments due to the re-evaluation Measurement categories before the re-evaluation the business models Measurement categories after the re-evaluation the business models Carrying amount before the re-evaluation the business models Carrying amount after the re-evaluation the business models (In millions of Korean won) Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income ₩ 106,412 ₩ 106,412 Loans measured at amortized cost Financial assets at fair value through other comprehensive income 134,811 126,674 Securities measured at amortized cost Financial assets at fair value through other comprehensive income 22,389,536 18,068,804 * The Group re-evaluated re-evaluation • Amendments to IAS No.1 Presentation of Financial Statements – Accounting Policy Disclosure The amendments require an entity to define and disclose their material accounting policy information. IFRS Practice Statement 2 Making Materiality Judgements • Amendments to IAS No.8 Accounting Policies, Changes in Accounting Estimates and Errors – Definition of Accounting Estimates The amendments introduce the definition of accounting estimates and clarify how to distinguish changes in accounting estimates from changes in accounting policies. The amendments should be applied for annual reporting periods beginning on or after January 1, 2023, and earlier application is permitted. The Group does not expect that these amendments have a significant impact on the consolidated financial statements. • Amendments to IAS No.12 Income Taxes – Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction The amendments narrow the scope of the deferred tax recognition exemption so that it no longer applies to transactions that, on initial recognition, give rise to equal taxable and deductible temporary differences. The amendments should be applied for annual reporting periods beginning on or after January 1, 2023, and earlier application is permitted. The Group does not expect that these amendments have a significant impact on the consolidated financial statements. • Amendments to IFRS No.1 Presentation of Financial Statements – Disclosure of gains or losses on valuation of financial liabilities with exercise price adjustment conditions The amendments require disclosures about gains or losses on valuation occurred for the reporting period (but are limited to those included in profit or loss) for the conversion options or warrants (or financial liabilities with warrants), if all or part of the financial instrument whose exercise price is adjusted due to the issuers’ stock price fluctuations, are classified as financial liabilities according to paragraph 11 of IFRS No.32 Financial Instruments: Presentation 2.2 Measurement Basis The consolidated financial statements have been prepared based on the historical cost accounting model unless otherwise specified. 2.3 Functional and Presentation Currency Items included in the financial statements of each entity of the Group are measured using the currency of the primary economic environment in which the entity operates (“functional currency”). The consolidated financial statements are presented in Korean won, which is the Parent Company’s functional and presentation currency. 2.4 Critical Accounting Estimates The Group applies accounting policies and uses judgements, accounting estimates, and assumptions that may have a significant impact on the assets (liabilities) and incomes (expenses) in preparing the consolidated financial statements. Management’s estimates of outcomes may differ from actual outcomes if management’s estimates and assumptions based on management’s best judgment are different from the actual environment. Estimates and underlying assumptions are continually evaluated, and changes in accounting estimates are recognized in the period in which the estimates are changed and in any future periods affected. Uncertainties in estimates and assumptions with significant risks that may result in material adjustments to the consolidated financial statements are as follows: 2.4.1 Income taxes As the income taxes on the Group’s taxable income is calculated by applying the tax laws of various countries and the decisions of tax authorities, there is uncertainty in calculating the final tax effect. If a certain portion of the taxable income is not used for investments, wages, etc. in accordance with the Korean regulation called ‘Special Taxation for Facilitation of Investment and Mutually-beneficial Cooperation’, the Group is liable to pay additional income tax calculated based on the tax laws. Therefore, the effect of recirculation of corporate income should be reflected in current and deferred income tax. As the Group’s income tax is dependent on the actual investments, wages, etc. per each year, there are uncertainties in measuring the final tax effects during the period when the tax law is applied. 2.4.2 Fair value of financial instruments The fair value of financial instruments where no active market exists or where quoted prices are not otherwise available is determined by using valuation techniques. Financial instruments, which are not actively traded in the market and those with less transparent market prices, will have less objective fair values and require broad judgment on liquidity, concentration, uncertainty in market factors, assumptions in fair value determination, and other risks. As described in the significant accounting policies in Note 3.3 Recognition and Measurement of Financial Instruments, diverse valuation techniques are used to determine the fair value of financial instruments, from generally accepted market valuation models to internally developed valuation models that incorporate various types of assumptions and variables. 2.4.3 Allowances and provisions for credit losses The Group recognizes and measures allowances for credit losses of debt instruments measured at amortized cost, debt instruments measured at fair value through other comprehensive income, and lease receivables. Also, the Group recognizes and measures provisions for credit losses of acceptances and guarantees, and unused loan commitments. Accuracy of allowances and provisions for credit losses is dependent upon estimation of expected cash flows of the borrower subject to individual assessment of impairment, and upon assumptions and variables of model used in collective assessment of impairment and estimation of provisions for credit losses of acceptances and guarantees, and unused loan commitments. 2.4.4 Net defined benefit assets(liabilities) The present value of the net defined benefit assets(liabilities) is affected by changes in the various factors determined by the actuarial method. 2.4.5 Impairment of goodwill The recoverable amounts of cash-generating units are determined based on value-in-use 2.4.6 Estimated claims for Incurred But Not Reported (“IBNR”) An amount of IBNR is the total sum of estimated insurance claims that shall be paid for |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policy [Abstract] | |
Significant Accounting Policies | 3. Significant Accounting Policies The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. For the comparative purpose, certain information in the notes for the years ended December 31, 2020 and 2021 have been reclassified to conform to the presentation for the year ended December 31, 2022. 3.1 Consolidation 3.1.1 Subsidiaries Subsidiaries are companies that are controlled by the Group. The Group controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Also, the existence and effects of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls the investee. Subsidiaries are fully consolidated from the date when control is transferred to the Group and de-consolidated If a subsidiary uses accounting policies other than those adopted in the consolidated financial statements for like transactions and events in similar circumstances, appropriate adjustments are made to that subsidiary’s financial statements in preparing the consolidated financial statements to ensure conformity with the Group’s accounting policies. Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling non-controlling non-controlling Transactions with non-controlling non-controlling When the Group loses control, any investment retained in the former subsidiary is recognized at its fair value at the date when control is lost, with the resulting difference recognized in profit or loss. This fair value will be the fair value on initial recognition of a financial asset in accordance with IFRS No.9 or, when appropriate, the cost on initial recognition of an investment in an associate or joint venture. In addition, all amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for on the same basis as would be required if the Group had directly disposed of the related assets or liabilities. Therefore, amounts previously recognized in other comprehensive income are reclassified to profit or loss. The Group accounts for each business combination by applying the acquisition method. The consideration transferred is measured at fair value, and identifiable assets acquired, and liabilities and contingent liabilities assumed in a business combination are initially measured at acquisition-date fair values. For each business combination, the Group measures non-controlling In a business combination achieved in stages, the Group shall remeasure its previously held equity interest in the acquiree at its acquisition-date fair value and recognize the resulting gain or loss, if any, in profit or loss or other comprehensive income, as appropriate. In prior reporting periods, the Group may have recognized changes in the value of its equity interest in the acquiree in other comprehensive income. If so, the amount that was recognized in other comprehensive income shall be reclassified as profit or loss, or retained earnings, on the same basis as would be required if the Group had directly disposed of the previously held equity interest. The Group applies the book-value method to account for business combinations of entities under common control. Identifiable assets acquired and liabilities assumed in a business combination are measured at their book value on the consolidated financial statements of the Group. In addition, the difference between (a) the sum of consolidated net book value of the assets and liabilities transferred and accumulated other comprehensive income and (b) the consideration paid, is recognized as capital surplus. 3.1.2 Associates and joint ventures Associates are entities over which the Group has significant influence over the financial and operating policy decisions. Generally, if the Group holds 20% or more of the voting power of the investee, it is presumed that the Group has significant influence. Joint ventures are investments in which the Group has joint control over economic activities pursuant to contractual arrangement. Decisions about strategic financial and operating policies require unanimous consent of the parties sharing control. Investments in associates and joint ventures are initially recognized at cost and equity method is applied after initial recognition. The carrying amount is increased or decreased to recognize the Group’s share of the profit or loss of the investee and changes in the investee’s equity after the date of acquisition. Distributions received from an investee reduce the carrying amount of the investment. Unrealized gains and losses resulting from transactions between the Group and associates are eliminated to the extent of the Group’s share in associates. If unrealized losses are an indication of an impairment that requires recognition in the consolidated financial statements, those losses are recognized for the period. If associates or joint ventures use accounting policies other than those of the Group for like transactions and events in similar circumstances, if necessary, adjustments shall be made to make the associates or joint ventures’ accounting policies conform to those of the Group when the associates or joint ventures’ financial statements are used by the Group in applying the equity method. If the Group’s share of losses of associates and joint ventures equals or exceeds its interest in the associates (including long-term interests that, in substance, form part of the Group’s net investment in the associates), the Group discontinues recognizing its share of further losses. After the Group’s interest is reduced to zero, additional losses are provided for, and a liability is recognized, only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the investee. The Group determines at each reporting period whether there is any objective evidence that the investments in the associates are impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associates and its carrying amount and recognizes the amount as non-operating 3.1.3 Structured entity A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. When the Group decides whether it has power over the structured entities in which the Group has interests, it considers factors such as the purpose, the form, the substantive ability to direct the relevant activities of a structured entity, the nature of its relationship with a structured entity, and the amount of exposure to variable returns. 3.1.4 Funds management The Group manages and operates trust assets, collective investment, and other funds on behalf of investors. These trusts and funds are not consolidated, except for trusts and funds over which the Group has control. 3.1.5 Intragroup transactions Intragroup balances, income, expenses, and any unrealized gains and losses resulting from intragroup transactions are eliminated in full, in preparing the consolidated financial statements. If unrealized losses are an indication of an impairment that requires recognition in the consolidated financial statements, those losses are recognized for the period. 3.2 Foreign Currency 3.2.1 Foreign currency transactions A foreign currency transaction is recorded, at initial recognition in the functional currency, by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated using the closing rate which is the spot exchange rate at the end of the reporting period. Non-monetary non-monetary Except for the exchange differences for the net investment in a foreign operation and the financial liability designated as a hedging instrument of net investment, exchange differences arising on the settlement of monetary items or on translating monetary items are recognized in profit or loss. When a gain or loss on a non-monetary non-monetary 3.2.2 Foreign operations The results and financial position of a foreign operation, whose functional currency differs from the Group’s presentation currency, are translated into the Group’s presentation currency based on the following procedures. If the functional currency of a foreign operation is not the currency of a hyperinflationary economy, assets and liabilities for each statement of financial position presented (including comparatives) are translated at the closing rate at the end of the reporting period, income and expenses for each statement of comprehensive income presented (including comparatives) are translated using the average exchange rates for the period. All resulting exchange differences are recognized in other comprehensive income. 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 are treated as assets and liabilities of the foreign operation. Thus, they are expressed in the functional currency of the foreign operation and are translated into the presentation currency at the closing rate. On the disposal of a foreign operation, the cumulative amount of the exchange differences relating to that foreign operation, recognized in other comprehensive income and accumulated in the separate component of equity, is reclassified from equity to profit or loss (as a reclassification adjustment) when the gain or loss on disposal is recognized. On the partial disposal of a subsidiary that includes a foreign operation, the Group re-attributes non-controlling 3.2.3 Translation of the net investment in a foreign operation A monetary item that is receivable from or payable to a foreign operation, for which settlement is neither planned nor likely to occur in the foreseeable future is, in substance, a part of the Group’s net investment in that foreign operation, then foreign currency difference arising from that monetary item is recognized in the other comprehensive income and shall be reclassified to profit or loss on disposal of the net investment. 3.3 Recognition and Measurement of Financial Instruments 3.3.1 Initial recognition The Group recognizes a financial asset or a financial liability in its consolidated statement of financial position when the Group becomes party to the contractual provisions of the instrument. A regular way purchase or sale of financial assets (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned) is recognized and derecognized using trade date accounting. For financial reporting purpose, the Group classifies (a) financial assets as financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, or financial assets at amortized cost and (b) financial liabilities as financial liabilities at fair value through profit or loss, or other financial liabilities. These classifications are based on the business model for managing financial instruments and the contractual cash flow characteristics of the financial instrument at initial recognition. At initial recognition, a financial asset or financial liability is measured at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. The fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The fair value of a financial instrument on initial recognition is normally the transaction price (that is, the fair value of the consideration given or received) in an arm’s length transaction. 3.3.2 Subsequent measurement After initial recognition, financial instruments are measured at amortized cost or fair value based on classification at initial recognition. 3.3.2.1 Amortized cost The amortized cost of a financial asset or financial liability is the amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. 3.3.2.2 Fair value The Group uses quoted price in an active market which is based on listed market price or dealer price quotations of financial instruments traded in an active market as best estimate of fair value. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. If there is no active market for a financial instrument, fair value is determined either by using a valuation technique or independent third-party valuation service. Valuation techniques include using recent arm’s length market transactions between knowledgeable and willing parties, if available, referencing the current fair value of another instrument that is substantially the same, discounted cash flow analysis, and option pricing models. The Group uses valuation models that are commonly used by market participants and customized for the Group to determine fair values of common over-the-counter In addition, the fair value information recognized in the consolidated statement of financial position is classified into the following fair value hierarchy, reflecting the significance of the input variables used in the fair value measurement. Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Group can access at the measurement date 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 : Unobservable inputs for the asset or liability The fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. For this purpose, the significance of an input is assessed against the fair value measurement in its entirety. If a fair value measurement uses observable inputs that require significant adjustment using unobservable inputs, that measurement is a Level 3 measurement. If the valuation technique does not reflect all factors which market participants would consider in pricing the asset or liability, the fair value is adjusted to reflect those factors. Those factors include counterparty credit risk, bid-ask The Group uses valuation technique which maximizes the use of market inputs and minimizes the use of entity-specific inputs. It incorporates all factors that market participants would consider in pricing the asset or liability and is consistent with economic methodologies applied for pricing financial instruments. Periodically, the Group calibrates the valuation technique and tests its validity using prices of observable current market transactions of the same instrument or based on other relevant observable market data. 3.3.3 Derecognition Derecognition is the removal of a previously recognized financial asset or financial liability from the consolidated statement of financial position. The derecognition criteria for financial assets and financial liabilities are as follows: 3.3.3.1 Derecognition of financial assets A financial asset is derecognized when the contractual rights to the cash flows from the financial assets expire or the Group transfers substantially all the risks and rewards of ownership of the financial asset, or the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset and the Group has not retained control. Therefore, if the Group does not transfer substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the financial asset to the extent of its continuing involvement in the financial asset. If the Group transfers the contractual rights to receive the cash flows of the financial asset but retains substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the transferred asset in its entirety and recognize a financial liability for the consideration received. The Group writes off a financial asset when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. In general, the Group considers write-off write-off write-off, written-off written-off 3.3.3.2 Derecognition of financial liabilities A financial liability is derecognized from the consolidated statement of financial position when it is extinguished (i.e., the obligation specified in the contract is discharged, canceled or expires). 3.3.4 Offsetting A financial asset and a financial liability are offset, and the net amount is presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the recognized amounts and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on a future event and must be legally enforceable in the normal course of business, the event of default, and the event of insolvency or bankruptcy of the Group and all of the counterparties. 3.4 Cash and Due from Financial Institutions Cash and due from financial institutions include cash on hand, foreign currency, and short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and due from financial institutions. Cash and due from financial institutions are measured at amortized cost. 3.5 Non-derivative 3.5.1 Financial assets at fair value through profit or loss Financial assets are classified as financial assets at fair value through profit or loss unless they are classified as financial assets at amortized cost or at fair value through other comprehensive income. The Group may designate certain financial assets upon initial recognition as at fair value through profit or loss when the designation eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as an ‘accounting mismatch’) that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. After initial recognition, a financial asset at fair value through profit or loss is measured at fair value and gains or losses arising from a change in fair value are recognized in profit or loss. Interest income using the effective interest method and dividend income from financial assets at fair value through profit or loss are also recognized in profit or loss. 3.5.2 Financial assets at fair value through other comprehensive income The Group classifies below financial assets as financial assets at fair value through other comprehensive income: • Debt instruments that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding and; • Equity instruments that are not held for short-term trading but held for strategic investment, and designated as financial assets at fair value through other comprehensive income After initial recognition, a financial asset at fair value through other comprehensive income is measured at fair value. Gains or losses arising from a change in fair value, other than dividend income, interest income calculated using the effective interest method and exchange differences arising on monetary items which are recognized directly in profit or loss, are recognized in other comprehensive income in equity. When the financial assets at fair value through other comprehensive income is disposed of, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. However, cumulative gain or loss of equity instruments designated at fair value through other comprehensive income is reclassified to retained earnings not to profit or loss at disposal. A financial asset at fair value through other comprehensive income denominated in foreign currency is translated at the closing rate. Exchange differences resulting from changes in amortized cost are recognized in profit or loss, and other changes are recognized in equity. 3.5.3 Financial assets at amortized cost A financial asset, which is held within the business model whose objective is achieved by collecting contractual cash flows, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding, is classified as a financial asset at amortized cost. After initial recognition, a financial asset at amortized cost is measured at amortized cost using the effective interest method and interest income is calculated using the effective interest method. 3.6 Expected Credit Losses of Financial Assets (Debt Instruments) The Group recognizes loss allowances for expected credit losses at the end of the reporting period for financial assets at amortized cost and fair value through other comprehensive income except for financial assets at fair value through profit or loss. Expected credit losses are estimated at present value of probability-weighted amount that is determined by evaluating a range of possible outcomes. The Group measures expected credit losses by reflecting all reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions, and forecasts of future economic conditions. The approaches of measuring expected credit losses in accordance with IFRS are as follows: • General approach: for financial assets and unused loan commitments not subject to the below 2 approaches • Simplified approach: for trade receivables, contract assets, and lease receivables • Credit-impaired approach: for financial assets that are credit-impaired at the time of acquisition Application of general approach is differentiated depending on whether credit risk has increased significantly after initial recognition. If the credit risk on a financial instrument has not increased significantly since initial recognition, the Group measures loss allowances for that financial instrument at an amount equal to 12-month The Group assesses whether the credit risk has increased significantly using the following criteria, and if one or more of the following criteria are met, it is deemed as significant increase in credit risk. Criterion of more than 30 days past due is applied to all subsidiaries, and other criteria are applied selectively considering specific indicators of each subsidiary or additionally considering specific indicators of each subsidiary. If the contractual cash flows of a financial asset have been renegotiated or modified, the Group assesses whether the credit risk has increased significantly using the same following criteria. • More than 30 days past due • Decline in credit rating at the end of the reporting period by certain notches or more compared to the time of initial recognition • Subsequent managing ratings below certain level in the early warning system • Debt restructuring (except for impaired financial assets) and • Credit delinquency information of Korea Federation of Banks, etc. Under simplified approach, the Group always measures loss allowances at an amount equal to lifetime expected credit losses. Under credit-impaired approach, the Group only recognizes the cumulative changes in lifetime expected credit losses since initial recognition as loss allowances at the end of the reporting period. In assessing credit impairment, the Group uses definition of default as in the new Basel Accord which rules calculation of Capital Adequacy Ratio. The Group generally considers the loan to be credit-impaired if one or more of the following criteria are met: • 90 days or more past due • Legal proceedings related to collection • A borrower registered on the credit management list of Korea Federation of Banks • A corporate borrower with the credit rating C and D • Refinancing and • Debt restructuring, etc. 3.6.1 Forward-looking information The Group uses forward-looking information, when determining whether credit risk has increased significantly and measuring expected credit losses. The Group assumes that the risk components have a constant correlation with the economic cycle and uses statistical methodologies to estimate the relation between key macroeconomic variables and risk components for the expected credit losses. The correlation between the major macroeconomic variables and the credit risk are as follows: Key macroeconomic variables Correlation between the major macroeconomic variables and the credit risk Domestic GDP growth rate ( - Composite stock index ( - Rate of change of construction investment ( - Rate of change of housing transaction price index ( - Interest rate spread ( + Private consumption growth rate ( - Change of call rate compared to the previous year (%p) ( + Rate of change of household loan ( - Forward-looking information used in calculation of expected credit losses is based on the macroeconomic forecasts utilized by management of the Group for its business plan considering reliable external agency’s forecasts and others. The forward-looking information is generated by KB Research with a comprehensive approach to capture the possibility of various economic forecast scenarios that are derived from the internal and external viewpoints of the macroeconomic situation. The Group determines the macroeconomic variables to be used in forecasting future conditions of the economy, considering the direction of the forecast scenario and the significant relationship between macroeconomic variables and time series data. And there are some changes compared to the macroeconomic variables used in the previous year. As of December 31, 2022, the Group measures expected credit losses to the financial assets by applying both the worse scenario and the crisis scenario, etc. taking into consideration the uncertain financial environment internally and externally and the potential credit risk resulting from the rapid economic recession. 3.6.2 Measuring expected credit losses on financial assets at amortized cost The expected credit losses of financial assets at amortized cost are measured as present value of the difference between the contractual cash flows to be received and the cash flows expected to be received. The Group estimates expected future cash flows for financial assets that are individually significant. The Group selects the individually significant financial assets by comprehensively considering quantitative and qualitative factors (such as debt restructuring or negative net assets, etc.) among financial assets with the credit risk has increased significantly or credit-impaired (individual assessment of impairment). For financial assets that are not individually significant, the Group collectively estimates expected credit losses by grouping loans with a homogeneous credit risk profile (collective assessment of impairment). 3.6.2.1 Individual assessment of impairment Individual assessment of impairment losses is performed using management’s best estimate on the present value of expected future cash flows. The Group uses all the available information including financial condition of the borrower such as operating cash flow and net realizable value of any collateral held. 3.6.2.2 Collective assessment of impairment Collective assessment of impairment losses is performed by using a methodology based on historical loss experience and reflecting forward-looking information. Such a process incorporates factors such as type of collateral, type of product, type of borrower, credit rating, size of portfolio, and recovery period and applies Probability of Default (“PD”) on a group of assets and Loss Given Default (“LGD”) by type of recovery method. Also, the Group applies certain assumptions to model expected credit losses assessment and to determine input based on loss experience and forward-looking information. These models and assumptions are periodically reviewed to reduce the gap between loss estimate and actual loss experience. The lifetime expected credit losses are measured by applying the PD to the carrying amount calculated by deducting the expected principal repayment amount from the carrying amount as of the reporting date and the LGD adjusted to reflect changes in the carrying amount. 3.6.3 Measuring expected credit losses on financial assets at fair value through other comprehensive income The Group measures expected credit losses on financial assets at fair value through other comprehensive income in a manner that is consistent with the requirements that are applicable to financial assets at amortized cost. However, loss allowances are recognized in other comprehensive income. Upon disposal or repayment of financial assets at fair value through other comprehensive income, the amount of loss allowances is reclassified from other comprehensive income to profit or loss. 3.7 Derivative Financial Instruments The Group enters into numerous derivative financial instrument contracts such as currency forwards, interest rate swaps, currency swaps, and others for trading purposes or to manage its interest rate risk, currency risk, and others. The Group’s derivative financial instruments business focuses on addressing the needs of the Group’s corporate clients to hedge their risk exposure and to hedge the Group’s risk exposure that results from such client contracts. These derivative financial instruments are presented as derivative financial instruments in the consolidated financial statements irrespective of transaction purpose and subsequent measurement requirement. The Group designates certain derivative financial instruments as hedging instruments to hedge the risk of changes in fair value of a recognized asset or liability or of an unrecognized firm commitment (fair value hedge) and the risk of changes in cash flow (cash flow hedge). The Group designates certain derivative and non-derivative At the inception of the hedging relationship, there is formal designation and documentation of the hedging relationship and the Group’s risk management objective and strategy for undertaking the hedge. This documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged, the inception date of hedging relationship and how the Group will assess the hedging instrument’s effectiveness in offsetting the changes in the hedged item’s fair value or cash flows attributable to the hedged risk. Derivative financial instruments are initially recognized at fair value. After initial recognition, derivative financial instruments are measured at fair value, and changes therein are accounted for as described below. 3.7.1 Derivative financial instruments held for trading All derivative financial instruments, except for derivatives that are designated and qualify for hedge accounting, are measured at fair value. Gains or losses arising from changes in fair value are recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss. 3.7.2 Derivative financial instruments for fair value hedges If derivative financial instruments are designated and qualify for fair value hedges, changes in fair value of the hedging instrument and changes in fair value of the hedged item attributable to the hedged risk are recognized |
Financial Risk Management
Financial Risk Management | 12 Months Ended |
Dec. 31, 2022 | |
Finacial Risk Management Abstract [Abstract] | |
Financial Risk Management | 4. Financial Risk Management 4.1 Summary 4.1.1 Overview of financial risk management policy The financial risks that the Group is exposed to are credit risk, market risk, liquidity risk, operational risk, and others. This note regarding financial risk management provides information about the risks that the Group is exposed to and about its objectives, policies, risk assessment and management procedures, and capital management. Additional quantitative information is disclosed throughout the consolidated financial statements. The Group’s risk management system focuses on efficiently supporting long-term strategy and management decisions of the Group by increasing risk transparency, preventing risk transfer between subsidiaries and preemptive response to rapidly changing financial environments. Credit risk, market risk, operational risk, interest rate risk, insurance risk, liquidity risk, credit concentration risk, strategy risk, and reputation risk are recognized as the Group’s significant risks and measured and managed by quantifying them in the form of internal capital or Value at Risk (“VaR”) using statistical methods. 4.1.2 Risk management organization 4.1.2.1 Risk Management Committee The Risk Management Committee, as the ultimate decision-making body, deals with risk-related issues, such as establishing risk management strategies in accordance with the strategic direction determined by the board of directors, determining the affordable level of risk appetite, reviewing the level of risk and the status of risk management activities, approving the application of risk management systems, methodologies, and major improvements, and establishing and approving risk management policies and procedures to timely recognize, measure, monitor, and control risks arising from various transactions by the Group. 4.1.2.2 Risk Management Council The Risk Management Council is responsible for consulting on matters delegated by the Risk Management Committee and requests for review by the Management Executive Committee, consulting on details of each subsidiary’s risk management policies and procedures, monitoring the Group’s risk management status, and establishing and implementing necessary measures. 4.1.2.3 Risk Management Department The Risk Management Department performs the Group’s risk management detailed policies, procedures, and business processes, and is responsible for calculating the Group’s risk-weighted assets, monitoring and managing internal capital limits. 4.2 Credit Risk 4.2.1 Overview of credit risk Credit risk is the risk of loss from the portfolio of assets held due to the counterparty’s default, breach of contract, and deterioration of credit quality. For risk management purposes, the Group manages all factors of credit risk exposure, such as default risk of individual borrowers, country risk, and risk of specific sectors in an integrated way. 4.2.2 Credit risk management The Group measures the expected loss and internal capital for the assets subject to credit risk management, including on-balance off-balance In addition, to prevent excessive concentration of exposures by borrower and industry, the total exposure limit at the Group level is introduced, applied, and managed to control the credit concentration risk. All of the Kookmin Bank’s loan customers (individuals and corporates) are assigned a credit rating and managed by a comprehensive internal credit evaluation system. For individuals, the credit rating is evaluated by utilizing personal information, income and job information, asset information, and bank transaction information. For corporates, the credit rating is evaluated by analyzing and utilizing financial and non-financial The credit rating, once assigned, serves as the fundamental instrument in Kookmin Bank’s credit risk management, and is applied in a wide range of credit risk management processes, including credit approval, credit limit management, loan pricing, and assessment of allowances for credit losses. For corporates, Kookmin Bank conducts a regular credit evaluation at least once a year, and the review and supervision departments regularly validate the adequacy of credit ratings to manage credit risks. KB Kookmin Card Co., Ltd.’s credit scoring system is divided into Application Scoring System (“ASS”) and Behavior Scoring System (“BSS”). For applications that meet the eligibility criteria for card issuance, the card will be issued only if the ASS credit rating is above the standard. KB Kookmin Card Co., Ltd.’s internal information, external information from the credit bureau company and others, and personal information on the application are used to calculate the ASS credit rating. The BSS, which is recalculated on a weekly basis, predicts the delinquency probability of cardholders, and utilizes it to monitor cardholders and portfolio risk. In order to establish a credit risk management system, the Group manages credit risk by forming a separate risk management organization. In particular, independently of the Sales Group, the Credit Management & Analysis Group of Kookmin Bank, a subsidiary, is in charge of loan policy, loan system, credit rating, credit analysis, follow-up 4.2.3 Maximum exposure to credit risk The Group’s maximum exposures to credit risk without consideration of collateral values in relation to financial instruments other than equity securities as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Financial assets Due from financial institutions measured at amortized cost* ₩ 28,362,387 ₩ 29,500,768 Financial assets at fair value through profit or loss: Due from financial institutions measured at fair value through profit or loss 200,742 69,469 Securities measured at fair value through profit or loss 63,002,692 61,787,727 Loans measured at fair value through profit or loss 269,296 493,562 Financial instruments indexed to the price of gold 113,622 90,006 Derivatives 3,721,370 9,446,134 Loans measured at amortized cost* 417,900,273 436,530,502 Financial investments: Securities measured at fair value through other comprehensive income 56,259,511 55,610,319 Securities measured at amortized cost* 44,471,628 58,288,734 Loans measured at fair value through other comprehensive income 313,604 363,144 Other financial assets* 10,755,350 11,209,350 625,370,475 663,389,715 Off-balance Acceptances and guarantees contracts 10,199,689 12,425,753 Financial guarantee contracts 6,892,464 8,297,042 Commitments 170,218,143 188,168,340 187,310,296 208,891,135 ₩ 812,680,771 ₩ 872,280,850 * After netting of allowance 4.2.4 Credit risk of loans The Group maintains allowances for loan losses associated with credit risk of loans to manage its credit risk. The Group assesses expected credit losses and recognizes loss allowances of financial assets at amortized cost and financial assets at fair value through other comprehensive income. Financial assets at fair value through profit or loss are excluded. Expected credit losses are a probability-weighted estimate of possible credit losses occurring in a certain range by reflecting reasonable and supportable information that is reasonably available at the end of the reporting period without undue cost or effort, including information about past events, current conditions, and forecasts of future economic conditions. The Group measures the expected credit losses of loans classified as financial assets at amortized cost, by deducting allowances for credit losses. The expected credit losses of loans classified as financial assets at fair value through other comprehensive income are presented in other comprehensive income in the consolidated financial statements. 4.2.4.1 Credit risk exposure Credit qualities of loans as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 111,284,284 ₩ 5,345,956 ₩ 3,705 ₩ — ₩ 116,633,945 Grade 2 68,050,042 7,847,126 4,338 — 75,901,506 Grade 3 5,323,745 2,850,266 2,949 — 8,176,960 Grade 4 586,857 1,037,461 7,570 — 1,631,888 Grade 5 12,877 352,046 2,143,708 — 2,508,631 185,257,805 17,432,855 2,162,270 — 204,852,930 Retail Grade 1 170,810,128 4,593,302 11,609 — 175,415,039 Grade 2 9,093,868 4,209,451 35,097 — 13,338,416 Grade 3 3,410,624 1,414,439 23,467 — 4,848,530 Grade 4 235,150 400,029 17,998 — 653,177 Grade 5 495,987 445,588 710,341 — 1,651,916 184,045,757 11,062,809 798,512 — 195,907,078 Credit card Grade 1 10,640,412 1,113,400 — — 11,753,812 Grade 2 3,919,053 1,027,546 — — 4,946,599 Grade 3 1,360,908 1,412,951 — — 2,773,859 Grade 4 82,565 608,250 — — 690,815 Grade 5 1,267 130,712 527,256 — 659,235 16,004,205 4,292,859 527,256 — 20,824,320 385,307,767 32,788,523 3,488,038 — 421,584,328 Loans measured at fair value through other comprehensive income Corporate Grade 1 233,868 — — — 233,868 Grade 2 79,736 — — — 79,736 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 313,604 — — — 313,604 313,604 — — — 313,604 ₩ 385,621,371 ₩ 32,788,523 ₩ 3,488,038 ₩ — ₩ 421,897,932 December 31, 2022 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 134,487,020 ₩ 5,877,660 ₩ 3,372 ₩ — ₩ 140,368,052 Grade 2 65,627,866 8,585,346 4,480 — 74,217,692 Grade 3 4,054,715 3,221,267 14,693 — 7,290,675 Grade 4 570,670 922,748 34,298 — 1,527,716 Grade 5 11,910 419,058 1,959,706 — 2,390,674 204,752,181 19,026,079 2,016,549 — 225,794,809 Retail Grade 1 168,460,089 4,240,281 11,286 — 172,711,656 Grade 2 7,697,699 3,846,756 32,877 — 11,577,332 Grade 3 4,319,404 1,477,076 25,599 — 5,822,079 Grade 4 293,828 313,999 32,330 — 640,157 Grade 5 25,672 670,642 837,187 — 1,533,501 180,796,692 10,548,754 939,279 — 192,284,725 Credit card Grade 1 11,547,014 1,316,136 — — 12,863,150 Grade 2 4,390,211 1,214,946 — — 5,605,157 Grade 3 1,142,362 1,925,145 — — 3,067,507 Grade 4 2,227 302,736 — — 304,963 Grade 5 666 173,049 595,101 — 768,816 17,082,480 4,932,012 595,101 — 22,609,593 402,631,353 34,506,845 3,550,929 — 440,689,127 Loans measured at fair value through other comprehensive income Corporate Grade 1 303,317 — — — 303,317 Grade 2 59,827 — — — 59,827 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 363,144 — — — 363,144 363,144 — — — 363,144 ₩ 402,994,497 ₩ 34,506,845 ₩ 3,550,929 ₩ — ₩ 441,052,271 * Before netting of allowance Credit qualities of loans graded according to internal credit ratings as of December 31, 2021 and 2022, are as follows: Range of probability Retail Corporate Grade 1 0.0 ~ 1.0 1 ~ 5 grade AAA ~ BBB+ Grade 2 1.0 ~ 5.0 6 ~ 8 grade BBB ~ BB Grade 3 5.0 ~ 15.0 9 ~ 10 grade BB- Grade 4 15.0 ~ 30.0 11 grade B- Grade 5 30.0 ~ 12 grade or under CC or under 4.2.4.2 Quantification of the extent to which collateral and other credit enhancements mitigate credit risk of loans as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 90,696,507 ₩ 6,604,758 ₩ 396,097 ₩ 97,697,362 Deposits and savings 5,723,090 98,389 79,229 5,900,708 Property and equipment 13,205,822 597,251 319,697 14,122,770 Real estate 182,139,890 13,736,634 1,990,847 197,867,371 ₩ 291,765,309 ₩ 21,037,032 ₩ 2,785,870 ₩ 315,588,211 December 31, 2022 12-month expected credit Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 100,396,614 ₩ 7,060,738 ₩ 301,688 ₩ 107,759,040 Deposits and savings 6,206,646 141,016 51,297 6,398,959 Property and equipment 14,648,523 1,002,291 180,103 15,830,917 Real estate 190,604,649 15,720,019 1,706,308 208,030,976 ₩ 311,856,432 ₩ 23,924,064 ₩ 2,239,396 ₩ 338,019,892 4.2.5 Credit risk of securities Credit qualities of securities exposed to credit risk other than equity securities among financial investments as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 43,427,028 ₩ — ₩ — ₩ — ₩ 43,427,028 Grade 2 1,039,757 — — — 1,039,757 Grade 3 1,371 7,641 — — 9,012 Grade 4 — — — — — Grade 5 — — — — — 44,468,156 7,641 — — 44,475,797 Securities measured at fair value through other comprehensive income Grade 1 51,490,960 — — — 51,490,960 Grade 2 4,682,582 — — — 4,682,582 Grade 3 42,861 3,973 — — 46,834 Grade 4 39,135 — — — 39,135 Grade 5 — — — — — 56,255,538 3,973 — — 56,259,511 ₩ 100,723,694 ₩ 11,614 ₩ — ₩ — ₩ 100,735,308 December 31, 2022 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 56,448,267 ₩ — ₩ — ₩ — ₩ 56,448,267 Grade 2 1,845,339 — — — 1,845,339 Grade 3 1,288 — — — 1,288 Grade 4 — — — — — Grade 5 — — — — — 58,294,894 — — — 58,294,894 Securities measured at fair value through other comprehensive income Grade 1 51,281,790 — — — 51,281,790 Grade 2 4,180,121 53,861 — — 4,233,982 Grade 3 66,797 9,169 — — 75,966 Grade 4 13,941 4,640 — — 18,581 Grade 5 — — — — — 55,542,649 67,670 — — 55,610,319 ₩ 113,837,543 ₩ 67,670 ₩ — ₩ — ₩ 113,905,213 * Before netting of allowance Credit qualities of securities other than equity securities, according to the credit ratings by external credit rating agencies as of December 31, 2021 and 2022, are as follows: Domestic Foreign Credit quality KIS NICE P&I KAP FnPricing Inc. S&P Fitch-IBCA Moody’s Grade 1 AA0 to AAA AA0 to AAA AA0 to AAA AA0 to AAA A- to AAA A- to AAA A3 to Aaa Grade 2 A A A- A- BBB- to BBB+ BBB- to BBB+ Baa3 to Baa1 Grade 3 BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BB to BB+ BB to BB+ Ba2 to Ba1 Grade 4 BB0 to BBB- BB0 to BBB- BB0 to BBB- BB0 to BBB- B+ to BB- B B1 to Ba3 Grade 5 BB BB- BB- BB- B or under B or under B2 or under Credit qualities of debt securities denominated in Korean won are based on the lowest credit rating by the domestic credit rating agencies above, and those denominated in foreign currencies are based on the lowest credit rating by the foreign credit rating agencies above. 4.2.6 Credit risk of due from financial institutions Credit qualities of due from financial institutions as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 26,548,145 ₩ — ₩ — ₩ — ₩ 26,548,145 Grade 2 1,305,539 — — — 1,305,539 Grade 3 61,177 — — — 61,177 Grade 4 — — — — — Grade 5 450,495 — — — 450,495 ₩ 28,365,356 ₩ — ₩ — ₩ — ₩ 28,365,356 December 31, 2022 12-month expected Lifetime expected credit losses Not applying expected credit Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 27,612,549 ₩ — ₩ — ₩ — ₩ 27,612,549 Grade 2 1,428,663 — — — 1,428,663 Grade 3 — — — — — Grade 4 — — — — — Grade 5 462,299 — — — 462,299 ₩ 29,503,511 ₩ — ₩ — ₩ — ₩ 29,503,511 * Before netting of allowance The classification criteria of the credit qualities of due from financial institutions as of December 31, 2021 and 2022, are the same as the criteria for securities other than equity securities. 4.2.7 Credit risk mitigation of derivative financial instruments Quantification of the extent to which collateral mitigates credit risk of derivative financial instruments as of December 31, 2021 and 2022, are as follows: December 31, 202 1 December 31, 202 2 (In millions of Korean won) Deposits, savings, securities, and others ₩ 834,175 ₩ 2,966,923 4.2.8 Credit risk concentration analysis 4.2.8.1 Classifications of loans by country as of December 31, 2021 and 2022, are as follows: December 31, 2021 * Retail Corporate Credit card Total % Allowances Carrying amount (In millions of Korean won) Korea ₩ 191,601,232 ₩ 183,222,201 ₩ 20,766,535 ₩ 395,589,968 93.70 ₩ (2,653,256 ) ₩ 392,936,712 Europe — 2,673,817 — 2,673,817 0.63 (29,015 ) 2,644,802 China 34,982 6,743,756 327 6,779,065 1.61 (34,316 ) 6,744,749 Japan 86 1,039,453 8 1,039,547 0.25 (2,227 ) 1,037,320 United States — 3,555,723 — 3,555,723 0.84 (28,113 ) 3,527,610 Cambodia 1,985,808 3,115,992 — 5,101,800 1.21 (70,660 ) 5,031,140 Indonesia 1,666,850 3,710,586 55,520 5,432,956 1.29 (841,145 ) 4,591,811 Others 618,120 1,374,302 1,930 1,994,352 0.47 (25,323 ) 1,969,029 ₩ 195,907,078 ₩ 205,435,830 ₩ 20,824,320 ₩ 422,167,228 100.00 ₩ (3,684,055 ) ₩ 418,483,173 December 31, 2022 * Retail Corporate Credit card Total % Allowances Carrying amount (In millions of Korean won) Korea ₩ 186,948,909 ₩ 198,853,096 ₩ 22,562,372 ₩ 408,364,377 92.49 ₩ (3,030,906 ) ₩ 405,333,471 Europe — 4,671,790 — 4,671,790 1.06 (25,689 ) 4,646,101 China 140,060 6,901,682 363 7,042,105 1.59 (39,025 ) 7,003,080 Japan — 1,150,151 46 1,150,197 0.26 (1,755 ) 1,148,442 United States — 5,130,629 — 5,130,629 1.16 (18,229 ) 5,112,400 Cambodia 2,610,472 3,768,170 — 6,378,642 1.44 (73,723 ) 6,304,919 Indonesia 1,735,571 2,896,037 43,023 4,674,631 1.06 (795,309 ) 3,879,322 Others 849,713 3,279,960 3,789 4,133,462 0.94 (173,989 ) 3,959,473 ₩ 192,284,725 ₩ 226,651,515 ₩ 22,609,593 ₩ 441,545,833 100.00 ₩ (4,158,625 ) ₩ 437,387,208 * Amount includes loans measured at fair value through profit or loss, other comprehensive income, and amortized cost. 4.2.8.2 Classifications of corporate loans by industry as of December 31, 2021 and 2022, are as follows: December 31, 2021 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 22,059,895 10.74 ₩ (32,856 ) ₩ 22,027,039 Manufacturing 49,149,918 23.92 (510,762 ) 48,639,156 Service 86,926,095 42.31 (450,272 ) 86,475,823 Wholesale and retail 26,862,247 13.08 (257,541 ) 26,604,706 Construction 5,683,471 2.77 (228,803 ) 5,454,668 Public sector 2,070,960 1.01 (95,053 ) 1,975,907 Others 12,683,244 6.17 (311,629 ) 12,371,615 ₩ 205,435,830 100.00 ₩ (1,886,916 ) ₩ 203,548,914 December 31, 2022 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 23,603,384 10.41 ₩ (52,108 ) ₩ 23,551,276 Manufacturing 53,301,044 23.52 (575,227 ) 52,725,817 Service 98,306,161 43.37 (479,440 ) 97,826,721 Wholesale and retail 29,665,900 13.09 (352,211 ) 29,313,689 Construction 6,909,315 3.06 (228,782 ) 6,680,533 Public sector 1,903,185 0.84 (84,423 ) 1,818,762 Others 12,962,526 5.71 (213,204 ) 12,749,322 ₩ 226,651,515 100.00 ₩ (1,985,395 ) ₩ 224,666,120 4.2.8.3 Classifications of retail loans and credit card receivables as of December 31, 2021 and 2022, are as follows: December 31, 2021 Loans % Allowances Carrying amount (In millions of Korean won) Housing loan ₩ 93,695,479 43.23 ₩ (71,424 ) ₩ 93,624,055 General loan 102,211,599 47.16 (933,571 ) 101,278,028 Credit card 20,824,320 9.61 (792,144 ) 20,032,176 ₩ 216,731,398 100.00 ₩ (1,797,139 ) ₩ 214,934,259 December 31, 2022 Loans % Allowances Carrying amount (In millions of Korean won) Housing loan ₩ 94,625,388 44.03 ₩ (162,446 ) ₩ 94,462,942 General loan 97,659,337 45.45 (1,172,942 ) 96,486,395 Credit card 22,609,593 10.52 (837,842 ) 21,771,751 ₩ 214,894,318 100.00 ₩ (2,173,230 ) ₩ 212,721,088 4.2.8.4 Classifications of due from financial institutions, securities other than equity securities, and derivative financial assets by industry as of December 31, 2021 and 2022, are as follows: December 31, 2021 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 28,365,356 100.00 ₩ (2,969 ) ₩ 28,362,387 28,365,356 100.00 (2,969 ) 28,362,387 Due from financial institutions measured at fair value through profit or loss Finance and insurance 200,742 100.00 — 200,742 200,742 100.00 — 200,742 Securities measured at fair value through profit or loss Government and government funded institutions 16,101,187 25.56 — 16,101,187 Finance and insurance 35,025,800 55.59 — 35,025,800 Others 11,875,705 18.85 — 11,875,705 63,002,692 100.00 — 63,002,692 Derivative financial assets Government and government funded institutions 6,985 0.19 — 6,985 Finance and insurance 3,554,783 95.52 — 3,554,783 Others 159,602 4.29 — 159,602 3,721,370 100.00 — 3,721,370 Securities measured at fair value through other comprehensive income Government and government funded institutions 24,609,458 43.74 — 24,609,458 Finance and insurance 22,669,379 40.29 — 22,669,379 Others 8,980,674 15.97 — 8,980,674 56,259,511 100.00 — 56,259,511 Securities measured at amortized cost Government and government funded institutions 31,996,180 71.94 (34 ) 31,996,146 Finance and insurance 10,450,497 23.50 (3,337 ) 10,447,160 Others 2,029,120 4.56 (798 ) 2,028,322 44,475,797 100.00 (4,169 ) 44,471,628 ₩ 196,025,468 ₩ (7,138 ) ₩ 196,018,330 December 31, 2022 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 29,503,511 100.00 ₩ (2,743 ) ₩ 29,500,768 29,503,511 100.00 (2,743 ) 29,500,768 Due from financial institutions measured at fair value through profit or loss Finance and insurance 69,469 100.00 — 69,469 69,469 100.00 — 69,469 Securities measured at fair value through profit or loss Government and government funded institutions 15,523,407 25.12 — 15,523,407 Finance and insurance 35,904,941 58.11 — 35,904,941 Others 10,359,379 16.77 — 10,359,379 61,787,727 100.00 — 61,787,727 Derivative financial assets Government and government funded institutions 58,060 0.61 — 58,060 Finance and insurance 8,987,835 95.15 — 8,987,835 Others 400,239 4.24 — 400,239 9,446,134 100.00 — 9,446,134 Securities measured at fair value through other comprehensive income Government and government funded institutions 25,001,019 44.96 — 25,001,019 Finance and insurance 21,034,862 37.83 — 21,034,862 Others 9,574,438 17.21 — 9,574,438 55,610,319 100.00 — 55,610,319 Securities measured at amortized cost Government and government funded institutions 37,167,849 63.76 (31 ) 37,167,818 Finance and insurance 18,624,970 31.95 (5,306 ) 18,619,664 Others 2,502,075 4.29 (823 ) 2,501,252 58,294,894 100.00 (6,160 ) 58,288,734 ₩ 214,712,054 ₩ (8,903 ) ₩ 214,703,151 4.2.8.5 Classifications of due from financial institutions, securities other than equity securities, and derivative financial assets by country as of December 31, 2021 and 2022, are as follows: December 31, 2021 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 21,051,229 74.21 ₩ (574 ) ₩ 21,050,655 United States 2,875,884 10.14 (136 ) 2,875,748 Others 4,438,243 15.65 (2,259 ) 4,435,984 28,365,356 100.00 (2,969 ) 28,362,387 Due from financial institutions measured at fair value through profit or loss Korea 200,742 100.00 — 200,742 200,742 100.00 — 200,742 Securities measured at fair value through profit or loss Korea 56,920,225 90.35 — 56,920,225 United States 3,334,888 5.29 — 3,334,888 Others 2,747,579 4.36 — 2,747,579 63,002,692 100.00 — 63,002,692 Derivative financial assets Korea 1,639,657 44.06 — 1,639,657 United States 753,896 20.26 — 753,896 France 370,787 9.96 — 370,787 Singapore 117,964 3.17 — 117,964 Japan 96,438 2.59 — 96,438 Others 742,628 19.96 — 742,628 3,721,370 100.00 — 3,721,370 Securities measured at fair value through other comprehensive income Korea 51,484,332 91.51 — 51,484,332 United States 1,417,898 2.52 — 1,417,898 Others 3,357,281 5.97 — 3,357,281 56,259,511 100.00 — 56,259,511 Securities measured at amortized cost Korea 41,912,154 94.24 (3,183 ) 41,908,971 United States 1,188,427 2.67 (466 ) 1,187,961 Others 1,375,216 3.09 (520 ) 1,374,696 44,475,797 100.00 (4,169 ) 44,471,628 ₩ 196,025,468 ₩ (7,138 ) ₩ 196,018,330 December 31, 2022 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 21,765,088 73.77 ₩ (484 ) ₩ 21,764,604 United States 2,248,004 7.62 (28 ) 2,247,976 Others 5,490,419 18.61 (2,231 ) 5,488,188 29,503,511 100.00 (2,743 ) 29,500,768 Due from financial institutions measured at fair value through profit or loss Korea 69,469 100.00 — 69,469 69,469 100.00 — 69,469 Securities measured at fair value through profit or loss Korea 56,691,217 91.75 — 56,691,217 United States 2,934,339 4.75 — 2,934,339 Others 2,162,171 3.50 — 2,162,171 61,787,727 100.00 — 61,787,727 Derivative financial assets Korea 4,830,565 51.14 — 4,830,565 United States 1,351,969 14.31 — 1,351,969 France 1,281,270 13.56 — 1,281,270 Singapore 212,710 2.25 — 212,710 Japan 435,592 4.61 — 435,592 Others 1,334,028 14.13 — 1,334,028 9,446,134 100.00 — 9,446,134 Securities measured at fair value through other comprehensive income Korea 51,039,864 91.78 — 51,039,864 United States 1,459,063 2.63 — 1,459,063 Others 3,111,392 5.59 — 3,111,392 55,610,319 100.00 — 55,610,319 Securities measured at amortized cost Korea 51,832,992 88.92 (4,046 ) 51,828,946 United States 3,919,413 6.72 (1,263 ) 3,918,150 Others 2,542,489 4.36 (851 ) 2,541,638 58,294,894 100.00 (6,160 ) 58,288,734 ₩ 214,712,054 ₩ (8,903 ) ₩ 214,703,151 Due from financial institutions, financial instruments at fair value through profit or loss linked to gold price, and derivative financial instruments are mostly related to the finance and insurance industry with high credit ratings. 4.3 Liquidity Risk 4.3.1 Overview of liquidity risk Liquidity risk is a risk that the Group becomes insolvent due to the mismatch between the inflow and outflow of funds, unexpected cash outflows, or a risk of loss due to financing funds at a high interest rate or disposing of securities at an unfavorable price due to lack of available funds. The Group manages its liquidity risk through analysis of the contractual maturity of interest-bearing assets and liabilities, assets and liabilities related to the other inflows and outflows of funds, and off-balance 4.3.2 Liquidity risk management and indicator The liquidity risk is managed by risk management policies and liquidity risk management guidelines set forth in these policies that apply to all risk management policies and procedures that may arise throughout the overall business of the Group. The Group calculates and manages liquidity ratio and others for all transactions and off-balance 4.3.3 Analysis of remaining contractual maturity of financial liabilities The cash flows disclosed in the maturity analysis are undiscounted contractual amounts including principal and future interest payments; as such, amounts in the table below do not match with those in the consolidated statements of financial position which are based on discounted cash flows. The future interest payments for floating-rate liabilities are calculated on the assumption that the current interest rate is the same until maturity. 4.3.3.1 Remaining contractual maturity of financial liabilities other than derivatives held for cash flow hedge, and off-balance December 31, 2021 On demand Up to 1 month 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 1 ₩ 2,939,584 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,939,584 Financial liabilities designated at fair value through profit or loss 1 9,149,396 — — — — — 9,149,396 Derivatives held for trading 1 3,509,789 — — — — — 3,509,789 Derivatives held for hedging 2 — 11,355 9,993 31,135 31,640 1,423 85,546 Deposits 3 204,616,202 16,556,213 31,123,968 111,140,222 10,157,238 1,329,120 374,922,963 Borrowings 8,504,084 17,807,785 5,825,350 13,861,238 10,380,171 1,003,369 57,381,997 Debentures 14,528 3,438,621 5,318,699 20,496,869 34,863,044 6,509,966 70,641,727 Lease liabilities 139 23,387 42,406 157,536 334,359 50,555 608,382 Other financial liabilities 217,874 22,953,515 203,897 354,876 934,389 372,745 25,037,296 ₩ 228,951,596 ₩ 60,790,876 ₩ 42,524,313 ₩ 146,041,876 ₩ 56,700,841 ₩ 9,267,178 ₩ 544,276,680 Off-balance Commitments 4 ₩ 170,218,143 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 170,218,143 Acceptances and guarantees contracts 10,199,689 — — — — — 10,199,689 Financial guarantee contracts 5 6,892,464 — — — — — 6,892,464 ₩ 187,310,296 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 187,310,296 December 31, 2022 On demand Up to 1 month 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 1 ₩ 2,193,210 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,193,210 Financial liabilities designated at fair value through profit or loss 1 10,078,394 — — — — — 10,078,394 Derivatives held for trading 1 9,209,537 — — — — — 9,209,537 Derivatives held for hedging 2 — 11,106 8,886 39,174 221,551 3,502 284,219 Deposits 3 170,489,726 29,911,835 45,245,496 131,765,097 17,979,299 1,129,024 396,520,477 Borrowings 7,831,474 23,821,330 7,676,952 19,120,861 12,839,302 1,159,432 72,449,351 Debentures 11,117 4,011,679 8,353,663 20,995,587 33,216,320 6,485,136 73,073,502 Lease liabilities 164 28,079 45,200 171,449 376,159 2,839 623,890 Other financial liabilities 179,241 17,938,781 368,218 447,898 907,643 428,310 20,270,091 ₩ 199,992,863 ₩ 75,722,810 ₩ 61,698,415 ₩ 172,540,066 ₩ 65,540,274 ₩ 9,208,243 ₩ 584,702,671 Off-balance Commitments 4 ₩ 188,168,340 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 188,168,340 Acceptances and guarantees contracts 12,425,753 — — — — — 12,425,753 Financial guarantee contracts 5 8,297,042 — — — — — 8,297,042 ₩ 208,891,135 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 208,891,135 1 Financial liabilities measured or designated at fair value through profit or loss and derivatives held for trading are not managed by contractual maturity because they are expected to be traded or redeemed before maturity. Therefore, the carrying amounts of those financial instruments are included in the ‘On demand’ category. 2 Cash flows of derivatives held for hedging are shown at net amount of cash inflows and outflows by remaining contractual maturity. 3 Deposits that are contractually repayable on demand or on short notice are included in the ‘On demand’ category. 4 Commitments are included in the ‘On demand’ category because payments can be requested at any time. 5 Cash flows under financial guarantee contracts are classified based on the earliest period that the contract can be executed. 4.3.3.2 Contractual cash flows of derivatives held for cash flow hedge as of December 31, 2021 and 2022, are as follows: December 31, 2021 Up to 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow to be received (paid) of net-settled ₩ (102 ) ₩ (2,647 ) ₩ (252 ) ₩ 24,812 ₩ (11 ) ₩ 21,800 Cash flow to be received of gross-settled derivatives 126,429 325,664 619,100 2,084,618 — 3,155,811 Cash flow to be paid of gross-settled derivatives (130,919 ) (329,546 ) (630,023 ) (1,428,759 ) — (2,519,247 ) December 31, 2022 Up to 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow to be received (paid) of net-settled ₩ 1,534 ₩ 10,994 ₩ 25,749 ₩ 119,179 ₩ 3,526 ₩ 160,982 Cash flow to be received of gross-settled derivatives 10,932 30,311 1,003,755 2,894,502 — 3,939,500 Cash flow to be paid of gross-settled derivatives (10,357 ) (54,794 ) (1,007,950 ) (2,255,613 ) — (3,328,714 ) 4.4 Market Risk 4.4.1 Concept Market risk refers to risks that can result in losses due to changes in market factors such as interest rate, stock price, and foreign exchange rate, etc., which arise from securities, derivatives, and others. The most significant risks associated with trading positions are interest rate risk, currency risk, and additional risks include stock price risk. The non-trading non-trading 4.4.2 Risk management The Group sets and monitors internal capital limits for market risk and interest rate risk to manage the risks of trading and non-trading non-trading In the case of Kookmin Bank, a major subsidiary, the Risk Management Council establishes and enforces overall market risk management policies for market risk management and decides to establish position limits, loss limits, VaR limits, and approves non-standard Kookmin Bank’s Asset-Liability Management Committee (“ALCO”) determines interest rate and commission operating standards and Asset Liability Management (“ALM”) operation policies and enacts and revises relevant guidelines. The Risk Management Committee and the Risk Management Council monitor the establishment and enforcement of ALM risk management policies and enact and revise ALM risk management guidelines. Interest rate risk limits are set based on future asset and liability positions and expected interest rate volatility, which reflect annual business plans. The ALM Department and the Risk Management Department regularly measure and monitor interest rate risk and rep |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Segment Information | 5. Segment Information 5.1 Overall Segment Information and Business Segments The Group classifies reporting segments based on the nature of the products and services provided, the type of customer, and the Group’s management organization. Banking business Corporate banking Loans, deposit products, and other related financial services to large, small and medium-sized Retail banking Loans, deposit products, and other related financial services to individuals and households Other banking services Trading activities in securities and derivatives, funding, and other supporting activities Securities business Investment banking, brokerage services, and other supporting activities Non-life Non-life Credit card business Credit sale, cash advance, card loan, and other supporting activities Life insurance business Life insurance and other supporting activities Financial information by business segment as of and for the years ended December 31, 2021 and 2022, are as follows: 2021 Banking business Corporate Retail Other Sub-total Securities Non-life insurance Credit card Life insurance Others Consolidation Total (In millions of Korean won) Net operating revenues (expenses) from external customers ₩ 3,589,404 ₩ 2,958,198 ₩ 1,585,192 ₩ 8,132,794 ₩ 1,675,977 ₩ 1,285,593 ₩ 1,773,989 ₩ 631,065 ₩ 984,185 ₩ — ₩ 14,483,603 Intersegment net operating revenues (expenses) 34,771 — 271,887 306,658 11,002 (53,017 ) (158,545 ) (7,273 ) 98,215 (197,040 ) — 3,624,175 2,958,198 1,857,079 8,439,452 1,686,979 1,232,576 1,615,444 623,792 1,082,400 (197,040 ) 14,483,603 Net interest income 3,802,477 3,541,539 384,460 7,728,476 556,386 625,228 1,390,753 519,609 411,874 (2,754 ) 11,229,572 Interest income 5,317,800 4,437,930 918,631 10,674,361 824,775 634,816 1,768,215 523,882 816,515 (31,686 ) 15,210,878 Interest expense (1,515,323 ) (896,391 ) (534,171 ) (2,945,885 ) (268,389 ) (9,588 ) (377,462 ) (4,273 ) (404,641 ) 28,932 (3,981,306 ) Net fee and commission income (expenses) 390,619 392,060 405,202 1,187,881 1,014,801 (173,348 ) 546,022 (26,895 ) 1,068,648 8,474 3,625,583 Fee and commission income 534,749 535,530 516,665 1,586,944 1,201,670 10,418 1,644,806 433 1,187,661 (308,326 ) 5,323,606 Fee and commission expense (144,130 ) (143,470 ) (111,463 ) (399,063 ) (186,869 ) (183,766 ) (1,098,784 ) (27,328 ) (119,013 ) 316,800 (1,698,023 ) Net insurance income — — — — — 493,271 11,589 56,871 — (5,020 ) 556,711 Insurance income — — — — — 12,722,178 21,711 3,406,145 — (42,176 ) 16,107,858 Insurance expense — — — — — (12,228,907 ) (10,122 ) (3,349,274 ) — 37,156 (15,551,147 ) Net gains (losess) on financial instruments at fair value through profit or loss 29,407 — 313,427 342,834 123,183 369,864 3,431 137,343 184,467 (165,818 ) 995,304 Net other operating income (expenses) (598,328 ) (975,401 ) 753,990 (819,739 ) (7,391 ) (82,439 ) (336,351 ) (63,136 ) (582,589 ) (31,922 ) (1,923,567 ) General and administrative expenses ₩ (1,831,948 ) ₩ (2,036,855 ) ₩ (533,928 ) ₩ (4,402,731 ) ₩ (855,142 ) ₩ (833,597 ) ₩ (577,734 ) ₩ (203,198 ) ₩ (438,170 ) ₩ 109,719 ₩ (7,200,853 ) Operating income (expenses) before provision for credit losses 1,792,227 921,343 1,323,151 4,036,721 831,837 398,979 1,037,710 420,594 644,230 (87,321 ) 7,282,750 Reversal (provision) of credit losses (392,956 ) (125,876 ) (3,896 ) (522,728 ) (18,438 ) (5,476 ) (465,342 ) 1,677 (175,568 ) 742 (1,185,133 ) Net operating income (expenses) 1,399,271 795,467 1,319,255 3,513,993 813,399 393,503 572,368 422,271 468,662 (86,579 ) 6,097,617 Share of profit (loss) of associates and joint ventures — — 57,156 57,156 14,484 (143 ) 785 — 9,411 11,833 93,526 Net other non-operating (9,237 ) — (70,368 ) (79,605 ) (18,307 ) 17,446 (7,378 ) (158 ) 2,408 (23,943 ) (109,537 ) Segment profit (loss) before income tax expense 1,390,034 795,467 1,306,043 3,491,544 809,576 410,806 565,775 422,113 480,481 (98,689 ) 6,081,606 Income tax benefit (expense) (368,577 ) (218,753 ) (366,185 ) (953,515 ) (215,424 ) (108,715 ) (144,611 ) (132,510 ) (148,044 ) 5,594 (1,697,225 ) Profit (loss) for the year ₩ 1,021,457 ₩ 576,714 ₩ 939,858 ₩ 2,538,029 ₩ 594,152 ₩ 302,091 ₩ 421,164 ₩ 289,603 ₩ 332,437 ₩ (93,095 ) ₩ 4,384,381 Profit (loss) attributable to shareholders of the Parent Company 1,022,699 576,714 991,351 2,590,764 594,301 301,836 418,898 289,603 330,563 (116,422 ) 4,409,543 Profit (loss) attributable to non-controlling (1,242 ) — (51,493 ) (52,735 ) (149 ) 255 2,266 — 1,874 23,327 (25,162 ) Total assets* 189,310,448 169,513,344 124,741,106 483,564,898 55,493,984 41,472,227 27,349,561 36,921,678 52,929,567 (33,836,081 ) 663,895,834 Total liabilities* 197,834,530 180,815,013 72,026,442 450,675,985 50,008,422 37,328,955 22,793,919 34,166,882 23,191,051 (2,563,300 ) 615,601,914 * Assets and liabilities of the reporting segments are amounts before intersegment transactions. 2022 Banking business Securities Non-life Credit card Life Others Consolidation Total Corporate Retail Other Sub-total (In millions of Korean won) Net operating revenues from external customers ₩ 4,981,702 ₩ 4,472,888 ₩ (188,422 ) ₩ 9,266,168 ₩ 1,126,925 ₩ 1,423,684 ₩ 1,781,135 ₩ 501,983 ₩ 912,750 ₩ — ₩ 15,012,645 Intersegment net operating revenues (expenses) 16,366 — 371,576 387,942 (38,909 ) (29,335 ) (150,464 ) (29,827 ) 205,463 (344,870 ) — 4,998,068 4,472,888 183,154 9,654,110 1,088,016 1,394,349 1,630,671 472,156 1,118,213 (344,870 ) 15,012,645 Net interest income 4,720,718 3,936,872 633,431 9,291,021 538,275 693,193 1,474,209 555,188 559,468 1,580 13,112,934 Interest income 7,831,383 5,763,852 1,763,466 15,358,701 1,156,586 717,558 1,983,828 566,271 1,064,529 (58,955 ) 20,788,518 Interest expense (3,110,665 ) (1,826,980 ) (1,130,035 ) (6,067,680 ) (618,311 ) (24,365 ) (509,619 ) (11,083 ) (505,061 ) 60,535 (7,675,584 ) Net fee and commission income (expenses) 385,884 261,350 449,374 1,096,608 784,748 (190,354 ) 519,501 (39,059 ) 1,145,309 4,879 3,321,632 Fee and commission 546,634 415,858 567,666 1,530,158 979,215 17,889 1,617,446 508 1,301,765 (325,461 ) 5,121,520 Fee and commission (160,750 ) (154,508 ) (118,292 ) (433,550 ) (194,467 ) (208,243 ) (1,097,945 ) (39,567 ) (156,456 ) 330,340 (1,799,888 ) Net insurance income — — — — — 655,452 10,593 39,160 — (8,692 ) 696,513 Insurance income — — — — — 13,424,848 19,702 3,736,166 — (43,874 ) 17,136,842 Insurance expense — — — — — (12,769,396 ) (9,109 ) (3,697,006 ) — 35,182 (16,440,329 ) Net gains on financial 73,680 — 136,901 210,581 (210,589 ) 339,698 1,724 66,865 21,844 (182,766 ) 247,357 Net other operating income (expenses) (182,214 ) 274,666 (1,036,552 ) (944,100 ) (24,418 ) (103,640 ) (375,356 ) (149,998 ) (608,408 ) (159,871 ) (2,365,791 ) General and administrative expenses ₩ (1,972,147 ) ₩ (2,092,770 ) ₩ (633,034 ) ₩ (4,697,951 ) ₩ (822,409 ) ₩ (849,452 ) ₩ (597,158 ) ₩ (224,968 ) ₩ (466,510 ) ₩ 120,646 ₩ (7,537,802 ) Operating income before provision for credit losses 3,025,921 2,380,118 (449,880 ) 4,956,159 265,607 544,897 1,033,513 247,188 651,703 (224,224 ) 7,474,843 Reversal (provision) of credit losses (778,260 ) (281,868 ) (61,042 ) (1,121,170 ) (28,425 ) (6,066 ) (500,453 ) 1,264 (178,172 ) (2,966 ) (1,835,988 ) Net operating income 2,247,661 2,098,250 (510,922 ) 3,834,989 237,182 538,831 533,060 248,452 473,531 (227,190 ) 5,638,855 Share of profit (loss) of associates and joint ventures — — 12,666 12,666 3,039 1,104 1,583 — (7,966 ) (39,184 ) (28,758 ) Net other non-operating (13,317 ) — (24,548 ) (37,865 ) 12,994 190,263 (7,197 ) (379 ) (4,717 ) 32,430 185,529 Segment profit before income tax expense 2,234,344 2,098,250 (522,804 ) 3,809,790 253,215 730,198 527,446 248,073 460,848 (233,944 ) 5,795,626 Income tax expense (732,211 ) (522,478 ) 173,206 (1,081,483 ) (64,300 ) (172,169 ) (144,443 ) (61,810 ) (113,458 ) 15,276 (1,622,387 ) Profit for the year ₩ 1,502,133 ₩ 1,575,772 ₩ (349,598 ) ₩ 2,728,307 ₩ 188,915 ₩ 558,029 ₩ 383,003 ₩ 186,263 ₩ 347,390 ₩ (218,668 ) ₩ 4,173,239 Profit attributable to shareholders of the Parent Company 1,505,240 1,575,772 (84,997 ) 2,996,015 187,784 557,680 378,592 186,263 343,859 (255,363 ) 4,394,830 Profit (loss) attributable to non-controlling (3,107 ) — (264,601 ) (267,708 ) 1,131 349 4,411 — 3,531 36,695 (221,591 ) Total assets* 211,989,036 165,273,848 140,506,628 517,769,512 53,824,245 42,736,747 29,721,017 34,846,987 60,219,661 (37,947,321 ) 701,170,848 Total liabilities* 205,382,625 191,786,626 86,877,002 484,046,253 47,946,933 39,397,168 24,998,214 33,097,892 25,973,896 (3,932,422 ) 651,527,934 * Assets and liabilities of the reporting segments are amounts before intersegment transactions. 5.2 Services and Geographical Segments 5.2.1 Services information Net operating revenues from external customers by service for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Banking service ₩ 7,550,348 ₩ 8,132,794 ₩ 9,266,168 Securities service 1,448,409 1,675,977 1,126,925 Non-life 1,027,269 1,285,593 1,423,684 Credit card service 1,538,230 1,773,989 1,781,135 Life insurance service 237,416 631,065 501,983 Others 690,970 984,185 912,750 ₩ 12,492,642 ₩ 14,483,603 ₩ 15,012,645 5.2.2 Geographical information Geographical net operating revenues from external customers for the years ended December 31, 2020 , 2021 and 2022, and major non-current Net operating revenues from external customers Major non-current 2020 2021 2022 December 31, 2021 December 31, 2022 (In millions of Korean won) Domestic ₩ 11,891,540 ₩ 13,525,769 ₩ 13,778,598 ₩ 9,853,970 ₩ 9,699,637 United States 114,044 112,388 112,743 45,530 53,214 New Zealand 3,554 12,857 12,378 1,932 1,382 China 84,821 127,939 172,547 21,416 19,715 Cambodia 250,426 410,482 546,258 35,668 46,060 United Kingdom 28,681 29,764 31,685 86,361 5,808 Indonesia 44,392 166,683 234,878 437,088 422,024 Others 75,184 97,721 123,558 20,446 536,794 Consolidation — — — 518,788 555,572 ₩ 12,492,642 ₩ 14,483,603 ₩ 15,012,645 ₩ 11,021,199 ₩ 11,340,206 |
Financial Assets and Financial
Financial Assets and Financial Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Financial Assets and Financial Liabilities | 6. Financial Assets and Financial Liabilities 6.1 Classification and Fair Value of Financial Instruments 6.1.1 Carrying amount and fair value of financial assets and liabilities by category as of December 31, 2021 and 2022, are as follows: December 31, 2021 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 31,009,374 ₩ 31,081,231 Financial assets at fair value through profit or loss: 66,005,815 66,005,815 Due from financial institutions 200,742 200,742 Debt securities 63,002,692 63,002,692 Equity securities 2,419,463 2,419,463 Loans 269,296 269,296 Others 113,622 113,622 Derivatives held for trading 3,532,542 3,532,542 Derivatives held for hedging 188,828 188,828 Loans measured at amortized cost 417,900,273 417,775,260 Securities measured at amortized cost 44,471,628 44,392,419 Financial assets at fair value through other comprehensive income: 60,376,243 60,376,243 Debt securities 56,259,511 56,259,511 Equity securities 3,803,128 3,803,128 Loans 313,604 313,604 Other financial assets 10,755,350 10,755,350 ₩ 634,240,053 ₩ 634,107,688 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,939,584 ₩ 2,939,584 Financial liabilities designated at fair value through profit or loss 9,149,396 9,149,396 Derivatives held for trading 3,509,789 3,509,789 Derivatives held for hedging 172,469 172,469 Deposits 372,023,918 371,936,631 Borrowings 56,912,374 56,805,938 Debentures 67,430,188 67,288,409 Other financial liabilities 29,494,402 29,494,402 ₩ 541,632,120 ₩ 541,296,618 December 31, 2022 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 32,063,421 ₩ 31,992,401 Financial assets at fair value through profit or loss: 64,935,344 64,935,344 Due from financial institutions 69,469 69,469 Debt securities 61,787,727 61,787,727 Equity securities 2,494,580 2,494,580 Loans 493,562 493,562 Others 90,006 90,006 Derivatives held for trading 8,984,171 8,984,171 Derivatives held for hedging 461,963 461,963 Loans measured at amortized cost 436,530,502 433,885,302 Securities measured at amortized cost 58,288,734 54,291,992 Financial assets at fair value through other comprehensive income: 58,299,841 58,299,841 Debt securities 55,610,319 55,610,319 Equity securities 2,326,378 2,326,378 Loans 363,144 363,144 Other financial assets 11,209,350 11,209,350 ₩ 670,773,326 ₩ 664,060,364 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,193,210 ₩ 2,193,210 Financial liabilities designated at fair value through profit or loss 10,078,394 10,078,394 Derivatives held for trading 9,209,537 9,209,537 Derivatives held for hedging 297,172 297,172 Deposits 388,888,452 388,417,827 Borrowings 71,717,366 71,187,130 Debentures 68,698,203 66,432,790 Other financial liabilities 26,705,247 26,705,247 ₩ 577,787,581 ₩ 574,521,307 Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The Group discloses the fair value of each class of assets and liabilities in a way that permits it to be compared with its carrying amount at the end of each reporting period. The best evidence of fair value of financial instruments is a quoted price in an active market. Methods of determining fair value of financial instruments are as follows: Cash and due from financial institutions Fair value of cash is same as carrying amount. Carrying amount of demand deposit and settlement deposit is a reasonable approximation of fair value because these financial instruments do not have a fixed maturity and are receivable on demand. Fair value of general deposit is measured using Discounted Cash Flow (“DCF”) Model. Securities Fair value of securities and others that are traded in an active market is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institutions. The institutions use one or more valuation techniques that are deemed appropriate considering the characteristics of the financial instruments among DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method. Loans measured at amortized cost Fair value of loans is determined using DCF Model discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Derivatives and financial instruments at fair value through profit or loss Fair value of exchange traded derivatives is determined using quoted price in an active market, and fair value of OTC derivatives is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair value of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including Finite Difference Method (“FDM”), MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form, and Tree Model or valuation results from independent external professional valuation institutions. Deposits Carrying amount of demand deposits is a reasonable approximation of fair value because they do not have a fixed maturity and are payable on demand. Fair value of time deposits is determined using DCF Model discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Borrowings Carrying amount of overdrafts in foreign currency is a reasonable approximation of fair value because they do not have a fixed maturity and are payable on demand. Fair value of other borrowings is determined using DCF Model. Debentures Fair value is determined using valuation results of external professional valuation institutions, which are calculated using market inputs. Other financial assets and other financial liabilities Carrying amount is a reasonable approximation of fair value because other financial assets and other financial liabilities are temporary accounts used for other various transactions and their maturities are relatively short or not defined. 6.1.2 Fair value hierarchy The Group believes that valuation techniques used for measuring the fair value of financial instruments are reasonable and that the fair value recognized in the consolidated statement of financial position is appropriate. However, the fair value of the financial instruments recognized in the consolidated statement of financial position may be different if other valuation techniques or assumptions are used. Additionally, as there are a variety of valuation techniques and assumptions used in measuring fair value, it may be difficult to reasonably compare the fair value with that of other financial institutions. The Group classifies and discloses fair value of the financial instruments into the three fair value levels as follows: Level 1: The fair values are based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. Level 2: The fair values are based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: The fair values are based on unobservable inputs for the asset or liability. The fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. If an observable input requires an adjustment using an unobservable input and that adjustment results in a significantly higher or lower fair value measurement, the resulting measurement would be categorized within Level 3 of the fair value hierarchy. 6.1.2.1 Fair value hierarchy of financial assets and liabilities at fair value in the consolidated statements of financial position Fair value hierarchy of financial assets and liabilities at fair value in the consolidated statements of financial position as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 13,108,985 ₩ 40,205,783 ₩ 12,691,047 ₩ 66,005,815 Due from financial institutions — 128,726 72,016 200,742 Debt securities 12,146,181 39,300,923 11,555,588 63,002,692 Equity securities 849,182 600,768 969,513 2,419,463 Loans — 175,366 93,930 269,296 Others 113,622 — — 113,622 Derivatives held for trading 81,408 3,241,129 210,005 3,532,542 Derivatives held for hedging — 188,828 — 188,828 Financial assets at fair value through other comprehensive income: 20,027,158 38,900,548 1,448,537 60,376,243 Debt securities 17,706,456 38,553,055 — 56,259,511 Equity securities 2,320,702 47,859 1,434,567 3,803,128 Loans — 299,634 13,970 313,604 ₩ 33,217,551 ₩ 82,536,288 ₩ 14,349,589 ₩ 130,103,428 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,939,584 ₩ — ₩ — ₩ 2,939,584 Financial liabilities designated at fair value through profit or loss 36,938 1,294,944 7,817,514 9,149,396 Derivatives held for trading 211,132 3,124,057 174,600 3,509,789 Derivatives held for hedging — 172,469 — 172,469 ₩ 3,187,654 ₩ 4,591,470 ₩ 7,992,114 ₩ 15,771,238 December 31, 2022 Fair value hierarchy Total Level 1 Level 2 Level 3* (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 15,494,273 ₩ 33,958,689 ₩ 15,482,382 ₩ 64,935,344 Due from financial institutions — 24,444 45,025 69,469 Debt securities 14,550,359 33,175,465 14,061,903 61,787,727 Equity securities 853,908 414,291 1,226,381 2,494,580 Loans — 344,489 149,073 493,562 Others 90,006 — — 90,006 Derivatives held for trading 182,019 8,678,896 123,256 8,984,171 Derivatives held for hedging — 461,963 — 461,963 Financial assets at fair value through other comprehensive income: 19,540,964 37,281,814 1,477,063 58,299,841 Debt securities 18,928,038 36,682,281 — 55,610,319 Equity securities 612,926 236,389 1,477,063 2,326,378 Loans — 363,144 — 363,144 ₩ 35,217,256 ₩ 80,381,362 ₩ 17,082,701 ₩ 132,681,319 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,193,210 ₩ — ₩ — ₩ 2,193,210 Financial liabilities designated at fair value through profit or loss 35,687 1,811,404 8,231,303 10,078,394 Derivatives held for trading 442,042 7,984,424 783,071 9,209,537 Derivatives held for hedging — 297,172 — 297,172 ₩ 2,670,939 ₩ 10,093,000 ₩ 9,014,374 ₩ 21,778,313 * Includes KB Securities Co., Ltd.’s OTC derivatives consisting of ₩ 404,334 million of financial assets at fair value through profit or loss (debt instruments), ₩ 8,241,509 million of financial liabilities designated at fair value through profit or loss, ₩ 120,775 million of derivative financial assets, and ₩ 777,542 million of derivative financial liabilities. Valuation techniques and inputs of financial assets and liabilities classified as Level 2 and measured at fair value in the consolidated statements of financial position as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 40,205,783 Due from financial institutions 128,726 DCF Model, Hull and White Model Projected cash flow, Discount rate, Volatility, Correlation coefficient Debt securities 39,300,923 DCF Model, Hull and White Model, Projected cash flow, Fair value of underlying asset, Equity securities 600,768 DCF Model Interest rate, Discount rate, and others Loans 175,366 DCF Model Interest rate, Discount rate, and others Derivatives held for trading 3,241,129 DCF Model, Closed Form, FDM, Interest rate, Price of underlying asset, Foreign exchange Derivatives held for hedging 188,828 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, and others Financial assets at fair value through other comprehensive income: 38,900,548 Debt securities 38,553,055 DCF Model, Market Value Approach, Option Model Underlying asset index, Interest rate, Discount rate, and others Equity securities 47,859 DCF Model Discount rate Loans 299,634 DCF Model Discount rate ₩ 82,536,288 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 1,294,944 DCF Model, Closed Form, FDM, Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate Derivatives held for trading 3,124,057 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Binomial Model, and others Interest rate, Price of underlying asset, Foreign exchange rate, Credit spread, Discount rate, Volatility, and others Derivatives held for hedging 172,469 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, and others ₩ 4,591,470 December 31, 2022 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 33,958,689 Due from financial institutions 24,444 DCF Model, Hull-white Model Projected cash flow, Discount rate, Volatility, Correlation coefficient Debt securities 33,175,465 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, Binomial Model, and others Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient, and others Equity securities 414,291 DCF Model Interest rate, Discount rate, and others Loans 344,489 DCF Model Interest rate, Discount rate, and others Derivatives held for trading 8,678,896 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, Option Model, and others Price of underlying asset, Underlying asset index, Interest rate, Dividend yield, Volatility, Foreign exchange rate, Discount rate, and others Derivatives held for hedging 461,963 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, CRS interest rate, and others Financial assets at fair value through other comprehensive income: 37,281,814 Debt securities 36,682,281 DCF Model, Option Model Underlying asset index, Discount rate, and others Equity securities 236,389 DCF Model Discount rate Loans 363,144 DCF Model Discount rate ₩ 80,381,362 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 1,811,404 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, Net Asset Value Method Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate, Foreign exchange rate Derivatives held for trading 7,984,424 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, and others Interest rate, Price of underlying asset, Foreign exchange rate, Credit spread, Discount rate, Volatility, and others Derivatives held for hedging 297,172 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, Risk free interest rate, and others ₩ 10,093,000 6.1.2.2 Fair value hierarchy of financial assets and liabilities whose fair value is disclosed Fair value hierarchy of financial assets and liabilities whose fair value is disclosed as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 3,330,920 ₩ 25,791,556 ₩ 1,958,755 ₩ 31,081,231 Loans measured at amortized cost — 260,101 417,515,159 417,775,260 Securities measured at amortized cost 2 18,263,895 26,125,391 3,133 44,392,419 Other financial assets 2 — — 10,755,350 10,755,350 ₩ 21,594,815 ₩ 52,177,048 ₩ 430,232,397 ₩ 504,004,260 Financial liabilities Deposits 1 ₩ — ₩ 204,299,174 ₩ 167,637,457 ₩ 371,936,631 Borrowings 3 — 3,137,427 53,668,511 56,805,938 Debentures — 60,824,743 6,463,666 67,288,409 Other financial liabilities 2 — — 29,494,402 29,494,402 ₩ — ₩ 268,261,344 ₩ 257,264,036 ₩ 525,525,380 December 31, 2022 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 2,517,470 ₩ 26,734,157 ₩ 2,740,774 ₩ 31,992,401 Loans measured at amortized cost — 190,458 433,694,844 433,885,302 Securities measured at amortized cost 2 20,626,701 33,646,001 19,290 54,291,992 Other financial assets 2 — — 11,209,350 11,209,350 ₩ 23,144,171 ₩ 60,570,616 ₩ 447,664,258 ₩ 531,379,045 Financial liabilities Deposits 1 ₩ — ₩ 168,864,349 ₩ 219,553,478 ₩ 388,417,827 Borrowings 3 — 6,088,123 65,099,007 71,187,130 Debentures — 58,668,855 7,763,935 66,432,790 Other financial liabilities 2 — — 26,705,247 26,705,247 ₩ — ₩ 233,621,327 ₩ 319,121,667 ₩ 552,742,994 1 The amounts included in Level 2 are the carrying amounts which are reasonable approximations of fair value. 2 The amounts included in Level 3 are the carrying amounts which are reasonable approximations of fair value. 3 Borrowings of ₩ 2,143 million and ₩ 18,266 million included in Level 2 are the carrying amounts which are reasonable approximations of fair value as of December 31, 2021 and 2022, respectively. For financial assets and liabilities whose carrying amount is a reasonable approximation of fair value, valuation techniques and inputs are not disclosed. Valuation techniques and inputs of financial assets and liabilities classified as Level 2, and whose fair value is disclosed as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 260,101 DCF Model Discount rate Securities measured at amortized cost 26,125,391 DCF Model, MonteCarlo Discount rate, ₩ 26,385,492 Financial liabilities Borrowings ₩ 3,135,284 DCF Model Discount rate Debentures 60,824,743 DCF Model Discount rate ₩ 63,960,027 December 31, 2022 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 190,458 DCF Model Discount rate Securities measured at amortized cost 33,646,001 DCF Model, MonteCarlo Discount rate, ₩ 33,836,459 Financial liabilities Borrowings ₩ 6,069,857 DCF Model Discount rate Debentures 58,668,855 DCF Model Discount rate ₩ 64,738,712 Valuation techniques and inputs of financial assets and liabilities classified as Level 3, and whose fair value is disclosed as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value Valuation Inputs (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 1,958,755 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 417,515,159 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate ₩ 419,473,914 Financial liabilities Deposits ₩ 167,637,457 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 53,668,511 DCF Model Other spread, Interest rate Debentures 6,463,666 DCF Model Other spread, Interest rate ₩ 227,769,634 December 31, 2022 Fair value Valuation Inputs (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 2,740,774 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 433,694,844 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate ₩ 436,435,618 Financial liabilities Deposits ₩ 219,553,478 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 65,099,007 DCF Model Other spread, Interest rate Debentures 7,763,935 DCF Model Other spread, Interest rate ₩ 292,416,420 6.2 Disclosure of Fair Value Hierarchy Level 3 6.2.1 Valuation policy and process of Level 3 fair value The Group uses external, independent and qualified valuation service in addition to internal valuation models to determine the fair value of financial instruments at the end of every reporting period. If the changes in situation and events which cause transfers between the fair value hierarchy level for a financial asset or liability occur, the Group’s policy is to recognize such transfers as having occurred at the beginning of the reporting period. 6.2.2 Changes in fair value (Level 3) measured using valuation technique based on unobservable inputs in the market 6.2.2.1 Changes in financial instruments classified as Level 3 of the fair value hierarchy for the years ended December 31, 2021 and 2022, are as follows: 2021 Financial assets at fair value through profit or loss Financial investments Financial liabilities at Net derivative Due from financial Securities Loans measured at Equity securities Loans measured Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 90,083 ₩ 11,099,923 ₩ 38,756 ₩ 2,419,908 ₩ 27,983 ₩ (9,201,431 ) ₩ 300,420 Total gains or losses: Profit or loss 212 346,982 (431 ) — — 61,756 (66,116 ) Other comprehensive income (loss) 1,720 223,545 — (101,876 ) 87 (5,446 ) — Purchases — 3,567,937 55,605 74,602 — — 3,954 Sales (19,999 ) (2,360,801 ) — (5,618 ) (14,100 ) — (170,055 ) Issues — — — — — (8,233,128 ) (32,516 ) Settlements — — — — — 9,560,735 — Transfers into Level 3 * — 4,307 — — — — (282 ) Transfers out of Level 3 * — (356,792 ) — (952,449 ) — — — Ending ₩ 72,016 ₩ 12,525,101 ₩ 93,930 ₩ 1,434,567 ₩ 13,970 ₩ (7,817,514 ) ₩ 35,405 2022 Financial assets at fair value through profit or loss Financial investments Financial liabilities at Net derivative Due from financial Securities Loans measured at Equity securities Loans measured Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 72,016 ₩ 12,525,101 ₩ 93,930 ₩ 1,434,567 ₩ 13,970 ₩ (7,817,514 ) ₩ 35,405 Total gains or losses: Profit or loss (74 ) 129,390 20,306 — — 561,996 (663,229 ) Other comprehensive income (loss) (6,917 ) (304,847 ) — (3,004 ) 130 60,520 — Purchases — 4,409,579 45,485 46,041 — — 23,526 Sales (20,000 ) (1,368,002 ) (10,648 ) (541 ) (14,100 ) — (59,177 ) Issues — — — — — (5,222,820 ) (14,796 ) Settlements — (61,055 ) — — — 4,186,515 18,456 Transfers into Level 3 * — 27,120 — — — — — Transfers out of Level 3 * — (69,002 ) — — — — — Ending ₩ 45,025 ₩ 15,288,284 ₩ 149,073 ₩ 1,477,063 ₩ — ₩ (8,231,303 ) ₩ (659,815 ) * Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. 6.2.2.2 In relation to changes in financial instruments classified as Level 3 of the fair value hierarchy, total gains or losses recognized in profit or loss for the period, and total gains or losses recognized in profit or loss from financial instruments held at the end of the reporting period for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 Net losses on Other operating Net interest Net gains on Other operating Net interest (In millions of Korean won) Total gains (losses) recognized in profit or loss for the period ₩ 70,251 ₩ (56,329 ) ₩ — ₩ 256,167 ₩ 86,236 ₩ — Total gains (losses) recognized in profit or loss 129,824 (60,884 ) — 126,516 85,256 — 2022 Net gains on financial Other operating Net interest income (In millions of Korean won) Total gains (losses) recognized in profit or loss for the period ₩ (75,653 ) ₩ 124,042 ₩ — Total gains recognized in profit or loss from financial instruments held at the end of the reporting period 88,483 73,711 — 6.2.3 Sensitivity analysis of changes in unobservable inputs 6.2.3.1 Information about fair value measurements using unobservable inputs as of December 31, 2021 and 2022, are as follows: (In millions of Korean won) December 31, 2021 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial assets Financial assets at fair value through profit or loss: Due from financial institutions ₩ 72,016 MonteCarlo Simulation, Hull and White Model Volatility of underlying asset 14.30 ~ 39.66 The higher the volatility of underlying asset, the higher the fair value fluctuation Correlation coefficient -3.36 The higher the correlation coefficient, the higher the fair value fluctuation Debt securities 11,555,588 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Milestone Method, Income Approach, Market Value Approach, and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Volatility 13.87 ~ 58.39 The higher the volatility, the higher the fair value fluctuation Discount rate 0.60 ~ 21.37 The lower the discount rate, the higher the fair value Stock price 18.87 ~ 19.48 The higher the stock price, the higher the fair value Correlation coefficient between underlying assets -60.35 ~ 100.00 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value -1.00 ~ 1.00 The higher the liquidation value, the higher the fair value Recovery rate 40 The higher the recovery rate, the higher the fair value Rate of real estate price fluctuation -1.00 ~ 1.00 The higher the sale price of real estate, the higher the fair value Equity securities 969,513 Income Approach, Market Value Approach, Asset Value Approach, DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, Dividend Discount Model, Usage of Past Transactions, Binomial Model, and others Growth rate 0.50 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 8.80 ~ 24.60 The lower the discount rate, the higher the fair value Stock price 23.36 ~ 25.49 The higher the stock price, the higher the fair value Loans 93,930 DCF Model Discount rate 8.21 The lower the discount rate, the higher the fair value (In millions of Korean won) December 31, 2021 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Derivatives held for trading: Stock and index ₩ 184,165 DCF Model, Closed Form, Volatility of underlying asset 15.07 ~ 80.58 The higher the volatility, the higher the fair value fluctuation Correlation coefficient - 60.35 The higher the correlation coefficient, the higher the fair value fluctuation Stock price -10.00 ~ 10.00 The higher the stock price, the higher the fair value Currency, interest rate, and others 25,840 Volatility 2.67 ~ 81.32 Correlation coefficient -48.31 ~ 90.16 The higher the correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income: Equity securities 1,434,567 Risk Adjusted Discount Rate Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 8.80 ~ 18.02 The lower the discount rate, the higher the fair value Volatility 23.36 ~ 31.65 The higher the volatility, the higher the fair value fluctuation Loans 13,970 DCF Model Discount rate 2.87 ~ 4.87 The lower the discount rate, the higher the fair value ₩ 14,349,589 December 31, 2021 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial liabilities Financial liabilities designated at fair value through profit or loss: Derivative-linked securities ₩ 7,817,514 DCF Model, Closed Form, Volatility of underlying asset 1.00 ~ 81.32 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -60.35 ~ 90.16 The higher the correlation coefficient, the higher the fair value fluctuation Derivatives held for trading: Stock and index 92,757 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Binomial Model Volatility of underlying asset 15.07 ~ 80.58 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -60.35 ~ 88.17 The higher the correlation coefficient, the higher the fair value fluctuation Others 81,843 DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form Discount rate 1.46 ~ 2.83 The lower the discount rate, the higher the fair value Volatility of underlying asset 5.29 ~ 53.57 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -48.31 ~ 90.16 The higher the correlation coefficient, the higher the fair value fluctuation ₩ 7,992,114 December 31, 2022 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial assets Financial assets at fair value through profit or loss: Due from financial institutions ₩ 45,025 Hull-white Model Interest rate 0.86 The lower the interest rate, the higher the fair value Debt securities 14,061,903 DCF Model, Closed Form, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Milestone Method, Income Approach, Market Value Approach, and others Growth rate 0.00 ~ 3.00 The higher the growth rate, the higher the fair value Volatility 0.24 ~ 37.39 The higher the volatility, the higher the fair value fluctuation Discount rate 1.54 ~ 15.75 The lower the discount rate, the higher the fair value Correlation coefficient between underlying assets -60.10 ~ 93.32 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value -1.00 ~ 1.00 The higher the liquidation value, the higher the fair value Recovery rate 40.00 The higher the recovery rate, the higher the fair value Rate of real estate price fluctuation -1.00 ~ 1.00 The higher the sale price of real estate, the higher the fair value Volatility of Stock price 18.87 ~ 19.48 The higher the volatility, the higher the fair value fluctuation Equity securities 1,226,381 Income Approach, Market Value Approach, Asset Value Approach, DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, Dividend Discount Model, Usage of Past Transactions, Binomial Model, and others Growth rate 0.00 ~ 4.00 The higher the growth rate, the higher the fair value Discount rate 8.00 ~ 23.00 The lower the discount rate, the higher the fair value Volatility 16.80 ~ 25.50 The higher the volatility, the higher the fair value fluctuation Loans 149,073 DCF Model Discount rate 9.91 The lower the discount rate, the higher the fair value December 31, 2022 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Derivatives held for trading: Stock and index ₩ 79,297 DCF Model, Closed Form, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Binomial Model, Net Asset Value Method Volatility of underlying asset 10.00 ~ 58.84 The higher the volatility, the higher the fair value fluctuation Correlation coefficient -60.10 ~ 79.72 The higher the correlation coefficient, the higher the fair value fluctuation Currency, interest rate, and others 43,959 DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form Volatility 9.77 ~ 32.92 The higher the volatility, the higher the fair value fluctuation Correlation coefficient 8.42 ~ 93.32 The higher the correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income: Equity securities 1,477,063 DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, IMV Model, Income Approach, Net Asset Value Method, Market Value Approach, and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 7.96 ~ 19.14 The lower the discount rate, the higher the fair value Volatility of Stock price 23.36 ~ 25.49 The higher the volatility, the higher the fair value fluctuation Volatility of interest rate 56.32~121.17 The higher the volatility, the higher the fair value fluctuation ₩ 17,082,701 December 31, 2022 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial liabilities Financial liabilities designated at fair value through profit or loss: Derivative-linked securities ₩ 8,231,303 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, and other |
Due from Financial Institutions
Due from Financial Institutions Measured at Amortized Cost | 12 Months Ended |
Dec. 31, 2022 | |
Due From Financial Institution [Abstract] | |
Due from Financial Institutions Measured at Amortized Cost | 7. Due from Financial Institutions Measured at Amortized Cost 7.1 Details of due from financial institutions as of December 31, 2021 and 2022, are as follows: Financial institutions Interest rate December 31, December 31, 2021 December 31, 2022 (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea — ₩ 15,317,033 ₩ 15,169,704 Due from banks Hana Bank and others 0.00 ~ 6.00 3,390,521 3,606,033 Due from others NH Investment & Securities Co., Ltd. and others 0.00 686,236 1,298,879 19,393,790 20,074,616 Due from financial institutions in foreign currencies Due from banks in foreign currencies The Bank of Korea and others 0.00 ~ 4.00 6,329,310 5,669,702 Time deposits in foreign currencies Industrial and Commercial Bank of China and others 0.00 ~ 6.80 587,782 587,218 Due from others Societe Generale (Paris) and others 0.00 ~ 8.00 2,054,474 3,171,975 8,971,566 9,428,895 ₩ 28,365,356 ₩ 29,503,511 * Before netting of allowance 7.2 Details of restricted due from financial institutions as of December 31, 2021 and 2022, are as follows: Financial institutions December 31, 2021 December 31, 2022 Reasons of restriction (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea ₩ 15,317,033 ₩ 15,169,704 Bank of Korea Act Due from banks Shinhan Bank and others 803,445 522,306 Net settlement and others Due from others NH Investment & Securities Co., Ltd. and others 528,642 1,029,631 Derivatives margin account and others 16,649,120 16,721,641 Due from financial institutions in foreign currencies Due from banks in foreign currencies Bank of Indonesia and others 2,262,610 2,350,933 Indonesian law and others Time deposits in foreign currencies Agricultural Bank of China and others 68,588 72,437 Bank Act of the State of New York and others Due from others Societe Generale (Paris) and others 1,774,388 2,092,656 Derivatives margin account and others 4,105,586 4,516,026 ₩ 20,754,706 ₩ 21,237,667 * Before netting of allowance 7.3 Changes in allowances for credit losses of due from financial institutions for the years ended December 31, 2021 and 2022, are as follows: 2021 12-month expected Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 2,947 ₩ 34 ₩ 282 Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Reversal of credit losses (51 ) (35 ) (282 ) Others 73 1 — Ending ₩ 2,969 ₩ — ₩ — 202 2 12-month Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 2,969 ₩ — ₩ — Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Reversal of credit losses (392 ) — — Others 166 — — Ending ₩ 2,743 ₩ — ₩ — |
Assets pledged as collateral
Assets pledged as collateral | 12 Months Ended |
Dec. 31, 2022 | |
Pledged Assets [Abstract] | |
Assets Pledged as Collateral | 8. Assets Pledged as Collateral 8.1 Details of assets pledged as collateral as of December 31, 2021 and 2022, are as follows: December 31, 2021 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions Shinhan Banks and others ₩ 1,163,138 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 8,689,639 Repurchase agreements The Korea Securities Depository and others 9,294,924 Securities borrowing transactions Samsung Futures Inc. and others 1,039,656 Derivatives transactions 19,024,219 Financial assets at fair value through other comprehensive income The Korea Securities Depository and others 2,048,029 Repurchase agreements The Korea Securities Depository and others 1,523,593 Securities borrowing transactions The Bank of Korea 2,843,426 Borrowings from the Bank of Korea The Bank of Korea 1,249,049 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 709,390 Derivatives transactions 8,373,487 Securities measured at amortized cost The Korea Securities Depository and others 494,973 Repurchase agreements The Bank of Korea 4,847,855 Borrowings from the Bank of Korea The Bank of Korea 3,948,622 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 144,014 Derivatives transactions Others 268,767 Others 9,704,231 Loans Others 9,659,575 Covered bond and others Real estate LGIM COMMERCIAL LENDING Ltd. and others 1,598,553 Borrowings from bank and others ₩ 49,523,203 December 31, 2022 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions KEB Hana Bank and others ₩ 1,263,167 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 3,841,536 Repurchase agreements The Korea Securities Depository and others 7,063,541 Securities borrowing transactions The Bank of Korea 34,071 Borrowings from the Bank of Korea The Bank of Korea 236,832 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 1,131,217 Derivatives transactions 12,307,197 Financial assets at fair value through other comprehensive income MERITZ Securities Co., LTD and others 5,625,270 Repurchase agreements The Korea Securities Depository and others 1,592,460 Securities borrowing transactions The Bank of Korea 5,495,686 Borrowings from the Bank of Korea The Bank of Korea 1,782,507 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 1,121,999 Derivatives transactions 15,617,922 Securities measured at amortized cost The Korea Securities Depository and others 2,307,499 Repurchase agreements The Bank of Korea 4,020,539 Borrowings from the Bank of Korea The Bank of Korea 5,047,277 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 327,684 Derivatives transactions Korea Exchange and others 896,896 Others 12,599,895 Loans Others 12,863,079 Covered bond and others Real estate LGIM COMMERCIAL LENDING Ltd. and others 834,003 Borrowings from bank and others ₩ 55,485,263 In addition, the Group provided ₩ 6,165,555 million and ₩ 4,986,339 million of debt securities among its borrowed securities and other assets held as collateral to Korea Securities Finance Corporation and others as collateral as of December 31, 2021 and 2022, respectively. 8.2 Fair value of collateral available to sell or repledge, and collateral sold or repledged, regardless of debtor’s default as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 6,451,850 ₩ — ₩ 6,451,850 December 31, 2022 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 3,344,424 ₩ — ₩ 3,344,424 |
Derivative Financial Instrument
Derivative Financial Instruments and Hedge Accounting | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about hedges [abstract] | |
Derivative Financial Instruments and Hedge Accounting | 9. Derivative Financial Instruments and Hedge Accounting The Group’s derivative operations focus on addressing the needs of the Group’s corporate clients to hedge their risk exposure and hedging the Group’s risk exposure that results from such client contracts. The Group also engages in derivative trading activities to hedge the interest rate risk and currency risk arising from the Group’s own assets and liabilities. In addition, the Group engages in proprietary trading of derivatives within the predetermined transaction limit. The Group provides and trades a range of derivative financial instruments, including: • Interest rate swaps relating to interest rate risk in Korean won • Cross-currency swaps, forwards, and options relating to currency risk • Stock index options linked with the Korea Composite Stock Price Index (“KOSPI”) In particular, the Group applies fair value hedge accounting using interest rate swaps, currency forwards, and others to hedge the risk of changes in fair value due to the changes in interest rate and foreign exchange rate of structured debentures in Korean won, debentures in foreign currencies, structured deposits in foreign currencies, and others. The Group applies cash flow hedge accounting using interest rate swaps, currency swaps, and others to hedge the risk of changes in cash flows of floating rate debt securities in Korean won, borrowings in foreign currencies, group of loans measured at amortized cost, and others. In addition, the Group applies net investments in foreign operations hedge accounting by designating debentures in foreign currencies and cross currency forwards as hedging instruments to hedge the currency risk of net investments in foreign operations. 9.1 Details of derivative financial instruments held for trading as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Notional amount Assets Liabilities Notional amount Assets Liabilities (In millions of Korean won) Interest rate Forwards ₩ 4,037,717 ₩ 140,126 ₩ 126,610 ₩ 8,261,663 ₩ 821,603 ₩ 431,002 Futures* 6,479,692 1,903 2,464 4,450,505 765 256 Swaps 334,721,395 354,686 397,046 359,581,194 859,670 694,713 Options 12,547,000 176,274 199,567 10,508,000 274,596 272,284 357,785,804 672,989 725,687 382,801,362 1,956,634 1,398,255 Currency Forwards 105,509,405 1,296,083 934,944 115,682,577 2,813,603 2,472,119 Futures* 361,791 464 877 413,960 36 2,364 Swaps 65,028,025 1,082,873 1,331,597 91,646,725 3,525,458 4,049,390 Options 1,885,064 7,643 11,044 1,852,065 27,258 13,025 172,784,285 2,387,063 2,278,462 209,595,327 6,366,355 6,536,898 Stock and index Futures* 1,612,965 14,338 6,530 1,828,302 37,455 89,624 Swaps 5,207,198 322,888 132,619 6,649,735 377,840 492,275 Options 7,617,703 95,338 241,371 7,257,715 168,311 359,274 14,437,866 432,564 380,520 15,735,752 583,606 941,173 Credit Swaps 2,602,382 18,979 7,409 3,006,114 32,860 17,468 2,602,382 18,979 7,409 3,006,114 32,860 17,468 Commodity Futures* 6,370 43 82 28,577 1,970 941 Swaps — — — 131,500 887 885 6,370 43 82 160,077 2,857 1,826 Others 1,695,540 20,904 117,629 1,003,301 41,859 313,917 ₩ 549,312,247 ₩ 3,532,542 ₩ 3,509,789 ₩ 612,301,933 ₩ 8,984,171 ₩ 9,209,537 * Gains or losses arising from some daily mark-to-market 9.2 Average price conditions of future nominal cash flows by type of hedge accounting as of December 31, 2021 and 2022, are as follows: December 31, 2021 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 2,223,113 ₩ 1,423,760 ₩ 967,376 ₩ 2,153,200 ₩ 1,428,673 ₩ 2,419,230 ₩ 10,615,352 Average price condition (%) 0.94 1.23 1.04 1.16 1.06 1.39 1.18 Average price condition (USD/KRW) 1,144.74 1,154.78 1,169.72 — — — 1,150.30 Average price condition (EUR/KRW) 1,359.59 1,363.95 1,394.84 — 1,458.92 — 1,409.23 Average price condition (AUD/KRW) 859.41 — — — — — 859.41 Average price condition (GBP/KRW) 1,554.65 — — 1,620.05 — — 1,557.47 Cash flow hedge Nominal amount of the hedging instrument ₩ 4,150,546 ₩ 1,763,372 ₩ 322,735 ₩ 641,733 ₩ 580,128 ₩ 150,000 ₩ 7,608,514 Average price condition (%) 1.01 1.51 2.06 1.87 1.84 2.12 1.21 Average price condition (USD/KRW) 1,159.92 1,178.13 1,145.05 1,139.40 1,123.13 — 1,152.89 Average price condition (EUR/KRW) 1,312.75 1,321.00 1,364.00 1,374.73 — — 1,351.76 Average price condition (AUD/KRW) — — 856.40 851.50 — — 853.40 Average price condition (SGD/KRW) — 866.14 — — — — 866.14 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 91,636 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 91,636 Average price condition (USD/KRW) 1,071.00 — — — — — 1,071.00 Average price condition (GBP/KRW) 1,465.26 — — — — — 1,465.26 December 31, 2022 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 5,612,378 ₩ 1,921,072 ₩ 2,701,675 ₩ 1,883,332 ₩ 426,551 ₩ 2,147,846 ₩ 14,692,854 Average price condition (%) 4.17 4.52 4.64 4.56 4.36 4.64 4.43 Average price condition (USD/KRW) 1,197.01 1,262.56 1,276.70 — — — 1,240.59 Average price condition (EUR/KRW) 1,363.42 1,373.32 — 1,436.86 — — 1,387.71 Average price condition (AUD/KRW) 886.23 895.76 — — — — 890.17 Average price condition (GBP/KRW) 1,617.02 — 1,535.25 — — — 1,537.85 Cash flow hedge Nominal amount of the hedging instrument ₩ 3,033,420 ₩ 892,720 ₩ 1,846,139 ₩ 771,585 ₩ 1,078,676 ₩ 210,000 ₩ 7,832,540 Average price condition (%) 2.90 2.60 4.42 4.62 4.95 3.99 3.54 Average price condition (USD/KRW) 1,178.13 1,196.80 1,166.24 1,225.35 1,252.61 — 1,202.02 Average price condition (EUR/KRW) 1,321.00 1,364.00 1,374.73 — — — 1,362.51 Average price condition (AUD/KRW) — 856.40 851.50 — — — 853.40 Average price condition (SGD/KRW) 866.14 — — — — — 866.14 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 65,012 ₩ 27,499 ₩ — ₩ — ₩ — ₩ — ₩ 92,511 Average price condition (USD/KRW) 1,071.00 — — — — — 1,071.00 Average price condition (GBP/KRW) — 1,465.26 — — — — 1,465.26 9.3 Fair Value Hedge 9.3.1 Details of fair value hedged items as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 1,627,228 ₩ — ₩ (20,272 ) ₩ — ₩ (26,247 ) Debt securities in foreign currencies 3,567,662 — (22,384 ) — (71,246 ) Deposits in foreign currencies — 93,521 — (1,319 ) 3,222 Debentures in Korean won — 2,470,123 — (79,877 ) 70,308 Debentures in foreign currencies — 1,154,178 — 27,953 45,132 5,194,890 3,717,822 (42,656 ) (53,243 ) 21,169 Currency Debt securities in foreign currencies 2,443,893 — 133,268 — 180,676 2,443,893 — 133,268 — 180,676 ₩ 7,638,783 ₩ 3,717,822 ₩ 90,612 ₩ (53,243) ₩ 201,845 December 31, 2022 2022 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 2,467,171 ₩ — ₩ (107,444 ) ₩ — ₩ (86,757 ) Debt securities in foreign currencies 3,142,973 — (232,085 ) — (215,183 ) Deposits in foreign currencies — 29,429 — (8,591 ) 6,976 Debentures in Korean won — 5,690,371 — (249,629 ) 171,841 Debentures in foreign currencies — 1,196,781 — (95,865 ) 123,817 5,610,144 6,916,581 (339,529 ) (354,085 ) 694 Currency Debt securities in foreign currencies 1,596,049 — 82,284 — 151,303 1,596,049 — 82,284 — 151,303 ₩ 7,206,193 ₩ 6,916,581 ₩ (257,245 ) ₩ (354,085) ₩ 151,997 9.3.2 Details of derivative instruments designated as fair value hedge as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 8,910,139 ₩ 127,290 ₩ 38,253 ₩ (33,227 ) Currency Forwards 1,705,213 2,436 54,855 (174,707 ) ₩ 10,615,352 ₩ 129,726 ₩ 93,108 ₩ (207,934 ) December 31, 2022 2022 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 13,290,183 ₩ 186,258 ₩ 104,856 ₩ (1,244 ) Currency Forwards 1,402,671 36,567 26,008 (129,451 ) ₩ 14,692,854 ₩ 222,825 ₩ 130,864 ₩ (130,695 ) 9.3.3 Details of hedge ineffectiveness recognized in profit or loss on derivative instruments designated as fair value hedge for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Hedge accounting Interest rate ₩ 5,742 ₩ (12,058 ) ₩ (550 ) Currency 56,684 5,969 21,852 ₩ 62,426 ₩ (6,089 ) ₩ 21,302 9.3.4 Gains or losses on fair value hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains (losses) on hedging instruments ₩ 89,179 ₩ (187,364 ) ₩ (101,281 ) Gains (losses) on hedged items attributable to the hedged risk (26,899 ) 188,556 122,552 ₩ 62,280 ₩ 1,192 ₩ 21,271 9.4 Cash Flow Hedge 9.4.1 Details of cash flow hedged items as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: Cash flow hedge reserve Changes in fair value December 31, 2021 December 31, 2022 2021 2022 (In millions of Korean won) Hedge accounting Interest rate risk ₩ 4,864 ₩ 46,229 ₩ (36,428 ) ₩ (107,134 ) Currency risk (12,597 ) (22,488 ) 12,605 14,289 ₩ (7,733 ) ₩ 23,741 ₩ (23,823 ) ₩ (92,845 ) 9.4.2 Details of derivative instruments designated as cash flow hedge as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 4,553,250 ₩ 12,575 ₩ 9,532 ₩ 36,164 Currency Swaps 3,055,264 46,527 61,331 60,327 ₩ 7,608,514 ₩ 59,102 ₩ 70,863 ₩ 96,491 December 31, 2022 2022 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Forwards ₩ 1,079,652 ₩ 20,202 ₩ 56,753 ₩ (36,372 ) Swaps 3,231,288 101,975 124 111,902 Currency Swaps 3,521,600 116,961 98,237 (6,379 ) ₩ 7,832,540 ₩ 239,138 ₩ 155,114 ₩ 69,151 9.4.3 Gains or losses on cash flow hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains (losses) on hedging instruments: ₩ (55,240 ) ₩ 96,491 ₩ 69,151 Effective portion of gains (losses) on cash flow hedging instruments (recognized in other comprehensive income or loss) (48,034 ) 95,478 71,692 Ineffective portion of gains (losses) on cash flow hedging instruments (recognized in profit or loss) (7,206 ) 1,013 (2,541 ) 9.4.4 Amounts recognized in other comprehensive income (loss) and reclassified from equity to profit or loss related to derivative instruments designated as cash allow hedge for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Other comprehensive income (loss) ₩ (48,034 ) ₩ 95,478 ₩ 71,692 Reclassification to profit or loss 39,190 (53,080 ) (13,288 ) Income tax effect 7,580 (21,534 ) (26,930 ) ₩ (1,264 ) ₩ 20,864 ₩ 31,474 9.5 Hedge of Net Investments in Foreign Operations 9.5.1 Details of net investments in foreign operations hedged items as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: Foreign currency translation reserve Changes in fair value December 31, 2021 December 31, 2022 2021 2022 (In millions of Korean won) Hedge accounting Currency risk ₩ (35,658 ) ₩ (114,743 ) ₩ 88,729 ₩ 104,021 9.5.2 Details of financial instruments designated as hedge of net investments in foreign operations as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 91,636 ₩ — ₩ 8,498 ₩ (8,494 ) Debentures in foreign currencies 1,273,227 — 1,273,227 (80,235 ) ₩ 1,364,863 ₩ — ₩ 1,281,725 ₩ (88,729 ) December 31, 2022 2022 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 92,511 ₩ — ₩ 11,194 ₩ (16,168 ) Debentures in foreign currencies 1,361,080 — 1,361,080 (87,853 ) ₩ 1,453,591 ₩ — ₩ 1,372,274 ₩ (104,021 ) 9.5.3 Fair value of non-derivative December 31, 2021 December 31, 2022 (In millions of Korean won) Debentures in foreign currencies ₩ 1,275,291 ₩ 1,211,215 9.5.4 Gains or losses on net investments in foreign operations hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains (losses) on hedging instruments: ₩ 88,769 ₩ (88,729 ) ₩ (104,021 ) Effective portion of gains (losses) on hedge of net investments in foreign operations (recognized in other comprehensive income or loss) 88,769 (88,729 ) (104,021 ) Ineffective portion of gains (losses) on hedge of net investments in foreign operations (recognized in profit or loss) — — — 9.5.5 Effective portion of gains or losses on net investments in foreign operations hedging instruments recognized in other comprehensive income (loss) for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Other comprehensive income (loss) ₩ 88,769 ₩ (88,729 ) ₩ (104,021 ) Reclassification to profit or loss — 5,195 — Income tax effect (24,500 ) 25,599 24,936 ₩ 64,269 ₩ (57,935 ) ₩ (79,085 ) 9.6 Interest Rate Benchmark Reform The USD LIBOR interest rate will be replaced by the Secured Overnight Financing Rate (“SOFR”) based on actual transactions. In the case of KRW, the Korean government bond/monetary stabilization bond RP rate has been finally decided as the Risk-Free Reference Rate (“RFR”) and will replace the Certificate of Deposit (“CD”) rate in the mid to long-term. Within the corresponding hedging relationship of related significant interest rate benchmark, the Group assumed that the spread to be changed on the RFR basis including SOFR would be similar to that included in the interest rate swap used as a hedging instrument, and no other changes were assumed. Details of the Group’s exposure to hedging relationships related to the interest rate benchmark reform as of December 31, 2022, are as follows: December 31, 2022 Interest rate benchmark Currency Carrying amount of non-derivative assets Carrying amount of non-derivative liabilities Notional amount of (In millions of Korean won and millions of US dollars) CD#3M KRW 2,760,791 5,690,371 6,440,000 USD#LIBOR#3M USD 1,895 1,385 3,753 USD#LIBOR#6M USD 167 — 182 |
Loans Measured at Amortized Cos
Loans Measured at Amortized Cost | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other receivables [abstract] | |
Loans Measured at Amortized Cost | 10. Loans Measured at Amortized Cost 10.1 Details of loans as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Loans measured at amortized cost ₩ 420,910,259 ₩ 440,137,603 Deferred loan origination fees and costs 674,069 551,524 Less: Allowances for credit losses (3,684,055 ) (4,158,625 ) ₩ 417,900,273 ₩ 436,530,502 10.2 Details of loans to banks as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Loans measured at amortized cost ₩ 8,325,177 ₩ 9,751,737 Less: Allowances for credit losses (443 ) (1,951 ) ₩ 8,324,734 ₩ 9,749,786 10.3 Details of loan types and customer types of loans to customers other than banks as of December 31, 2021 and 2022, are as follows: December 31, 2021 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 184,872,384 ₩ 162,081,901 ₩ — ₩ 346,954,285 Loans in foreign currencies 3,990,253 20,865,495 — 24,855,748 Domestic import usance bills — 3,311,142 — 3,311,142 Off-shore — 1,064,623 — 1,064,623 Call loans — 902,301 — 902,301 Bills bought in Korean won — 2,209 — 2,209 Bills bought in foreign currencies — 2,001,046 — 2,001,046 Guarantee payments under acceptances and guarantees 7 20,773 — 20,780 Credit card receivables in Korean won — — 20,766,340 20,766,340 Credit card receivables in foreign currencies — — 57,980 57,980 Bonds purchased under repurchase agreements — 4,855,194 — 4,855,194 Privately placed bonds — 758,557 — 758,557 Factored receivables 113 458 — 571 Lease receivables 778,425 513,714 — 1,292,139 Loans for installment credit 6,265,896 150,340 — 6,416,236 195,907,078 196,527,753 20,824,320 413,259,151 Proportion (%) 47.40 47.56 5.04 100.00 Less: Allowances for credit losses (1,004,995 ) (1,886,473 ) (792,144 ) (3,683,612 ) ₩ 194,902,083 ₩ 194,641,280 ₩ 20,032,176 ₩ 409,575,539 December 31, 2022 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 181,125,018 ₩ 177,396,151 ₩ — ₩ 358,521,169 Loans in foreign currencies 4,668,207 26,052,080 — 30,720,287 Domestic import usance bills — 4,499,072 — 4,499,072 Off-shore — 908,266 — 908,266 Call loans — 119,066 — 119,066 Bills bought in Korean won — 285,727 — 285,727 Bills bought in foreign currencies — 1,780,873 — 1,780,873 Guarantee payments under acceptances and guarantees 1 18,459 — 18,460 Credit card receivables in Korean won — — 22,562,217 22,562,217 Credit card receivables in foreign currencies — — 47,376 47,376 Bonds purchased under repurchase agreements — 3,028,657 — 3,028,657 Privately placed bonds — 853,986 — 853,986 Factored receivables 111 4 — 115 Lease receivables 576,165 558,318 — 1,134,483 Loans for installment credit 5,915,223 542,413 — 6,457,636 192,284,725 216,043,072 22,609,593 430,937,390 Proportion (%) 44.62 50.13 5.25 100.00 Less: Allowances for credit losses (1,335,388 ) (1,983,444 ) (837,842 ) (4,156,674 ) ₩ 190,949,337 ₩ 214,059,628 ₩ 21,771,751 ₩ 426,780,716 10.4 Changes in deferred loan origination fees and costs for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Increase Decrease Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 673,957 ₩ 418,732 ₩ (424,785 ) ₩ — ₩ 667,904 Others 1 95,590 44,728 (63,619 ) (4 ) 76,695 769,547 463,460 (488,404 ) (4 ) 744,599 Deferred loan origination fees Loans in Korean won 9,148 11,909 (3,556 ) — 17,501 Others 2 44,072 32,667 (27,332 ) 3,622 53,029 53,220 44,576 (30,888 ) 3,622 70,530 ₩ 716,327 ₩ 418,884 ₩ (457,516 ) ₩ (3,626 ) ₩ 674,069 2022 Beginning Increase Decrease Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 667,904 ₩ 291,342 ₩ (380,718 ) ₩ — ₩ 578,528 Others 1 76,695 38,913 (47,445 ) 4 68,167 744,599 330,255 (428,163 ) 4 646,695 Deferred loan origination fees Loans in Korean won 17,501 23,780 (13,117 ) — 28,164 Others 2 53,029 49,245 (37,730 ) 2,463 67,007 70,530 73,025 (50,847 ) 2,463 95,171 ₩ 674,069 ₩ 257,230 ₩ (377,316 ) ₩ (2,459 ) ₩ 551,524 1 Includes deferred loan origination costs related to credit card receivables, loans for installment credit, and finance lease receivables. 2 Includes deferred loan origination fees related to loans in foreign currencies executed by PT Bank KB Bukopin Tbk and PRASAC Microfinance Institution Plc. |
Allowances for Credit Losses
Allowances for Credit Losses | 12 Months Ended |
Dec. 31, 2022 | |
Reconciliation of changes in allowance account for credit losses of financial assets [abstract] | |
Allowances for Credit Losses | 11. Allowances for Credit Losses 11.1 Changes in allowances for credit losses of loans measured at amortized cost for the years ended December 31, 2021 and 2022, are as follows: 2021 Retail Corporate Credit card 12-month expected credit losses Lifetime expected credit 12-month credit losses Lifetime expected credit 12-month Lifetime expected credit Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 403,805 ₩ 240,578 ₩ 265,705 ₩ 368,782 ₩ 410,937 ₩ 892,061 ₩ 205,157 ₩ 234,219 ₩ 262,119 Transfer between stages: Transfer to 12-month 125,634 (120,132 ) (5,502 ) 133,798 (71,772 ) (62,026 ) 45,938 (44,858 ) (1,080 ) Transfer to lifetime expected credit losses (97,040 ) 115,427 (18,387 ) (71,902 ) 92,245 (20,343 ) (34,208 ) 35,846 (1,638 ) Impairment (6,312 ) (49,244 ) 55,556 (2,942 ) (42,158 ) 45,100 (2,228 ) (12,580 ) 14,808 Write-offs — 12 (411,083 ) — (3 ) (239,815 ) — — (440,721 ) Sales (1,112 ) (53 ) (3,592 ) (179 ) — (16,257 ) — — — Provision (reversal) for credit losses 1,2 40,616 52,528 397,492 14,299 88,230 338,746 (39,533 ) 110,022 474,041 Business combination 8,315 2,223 7,194 — — 1,654 — — — Others (exchange differences, etc.) 77 532 1,758 5,942 675 21,844 42 — (13,202 ) Ending 3 ₩ 473,983 ₩ 241,871 ₩ 289,141 ₩ 447,798 ₩ 478,154 ₩ 960,964 ₩ 175,168 ₩ 322,649 ₩ 294,327 2022 Retail Corporate Credit card 12-month expected credit losses Lifetime expected credit 12-month credit losses Lifetime expected credit 12-month Lifetime expected credit Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 473,983 ₩ 241,871 ₩ 289,141 ₩ 447,798 ₩ 478,154 ₩ 960,964 ₩ 175,168 ₩ 322,649 ₩ 294,327 Transfer between stages: Transfer to 12-month 129,975 (122,881 ) (7,094 ) 127,679 (120,619 ) (7,060 ) 57,128 (50,836 ) (6,292 ) Transfer to lifetime expected credit losses (102,988 ) 122,804 (19,816 ) (93,169 ) 125,031 (31,862 ) (23,042 ) 24,324 (1,282 ) Impairment (6,042 ) (52,137 ) 58,179 (13,524 ) (48,220 ) 61,744 (2,129 ) (19,219 ) 21,348 Write-offs — (1 ) (448,376 ) — (3 ) (617,332 ) — — (450,389 ) Sales (810 ) (163 ) (5,689 ) (103 ) (145 ) (70,603 ) — — — Provision (reversal) for credit losses 1,2 108,300 94,535 595,991 49,789 126,627 690,534 (43,497 ) 77,418 480,849 Others (exchange differences, etc.) (1,332 ) (647 ) (11,415 ) 3,701 1,111 (85,097 ) (443 ) (21 ) (18,219 ) Ending 3 ₩ 601,086 283,381 450,921 522,171 561,936 901,288 163,185 354,315 320,342 1 Provision for credit losses in the consolidated statements of comprehensive income also includes provision (reversal) for credit losses of due from financial institutions (Note 7.3), provision (reversal) for credit losses of financial investments (Note 12.5), provision (reversal) for credit losses of unused commitments, acceptances and guarantees (Note 24.2), provision (reversal) for credit losses of financial guarantee contracts (Note 24.3), and provision (reversal) for credit losses of other financial assets (Note 19.2). 2 Includes ₩ 387,860 million and ₩ 415,998 million of collections from written-off The Group manages the written-off 11.2 Changes in gross carrying amount of loans for the years ended December 31, 2021 and 2022, are as follows: 2021 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 348,518,780 ₩ 28,504,202 ₩ 3,427,365 Transfer between stages: Transfer to 12-month 31,046,440 (30,615,747 ) (430,693 ) Transfer to lifetime expected credit losses (non-impaired) (36,815,970 ) 37,276,737 (460,767 ) Transfer to lifetime expected credit losses (impaired) (668,120 ) (1,486,835 ) 2,154,955 Write-offs — 9 (1,091,619 ) Sales (2,892,774 ) (8,541 ) (151,714 ) Business combination 116,067 3,924 12,808 Net increase (decrease) (execution, repayment, and others) 46,013,068 (895,012 ) 27,765 Ending ₩ 385,317,491 ₩ 32,778,737 ₩ 3,488,100 2022 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 385,317,491 ₩ 32,778,737 ₩ 3,488,100 Transfer between stages: Transfer to 12-month 34,445,894 (34,282,273 ) (163,621 ) Transfer to lifetime expected credit losses (non-impaired) (38,397,090 ) 38,818,713 (421,623 ) Transfer to lifetime expected credit losses (impaired) (1,127,437 ) (1,478,968 ) 2,606,405 Write-offs — (4 ) (1,516,097 ) Sales (3,182,398 ) (15,961 ) (270,541 ) Net increase (decrease) (execution, repayment, and others) 25,587,528 (1,325,731 ) (171,997 ) Ending ₩ 402,643,988 ₩ 34,494,513 ₩ 3,550,626 |
Financial Assets at Fair Value
Financial Assets at Fair Value through Profit or Loss and Financial Investments | 12 Months Ended |
Dec. 31, 2022 | |
Financial assets at fair value through profit or loss [abstract] | |
Financial Assets at Fair Value through Profit or Loss and Financial Investments | 12. Financial Assets at Fair Value through Profit or Loss and Financial Investments 12.1 Details of financial assets at fair value through profit or loss and financial investments as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Financial assets at fair value through profit or loss Debt securities: Government and public bonds ₩ 8,294,084 ₩ 8,405,662 Financial bonds 16,887,594 12,121,116 Corporate bonds 5,433,010 4,289,284 Asset-backed securities 197,865 164,543 Beneficiary certificates 15,849,129 18,320,226 Derivative-linked securities 1,543,188 1,713,779 Other debt securities 14,797,822 16,773,117 Equity securities: Stocks 1,804,507 1,880,611 Other equity securities 614,956 613,969 Loans: Privately placed bonds 230,006 158,731 Other loans 39,290 334,831 Due from financial institutions: Other due from financial institutions 200,742 69,469 Others 113,622 90,006 ₩ 66,005,815 ₩ 64,935,344 Financial investments Financial assets at fair value through other comprehensive income Debt securities: Government and public bonds ₩ 14,317,477 ₩ 15,974,281 Financial bonds 21,928,735 20,632,077 Corporate bonds 18,986,005 18,282,144 Asset-backed securities 996,428 436,840 Other debt securities 30,866 284,977 Equity securities: Stocks 3,588,415 1,907,737 Equity investments 27,211 17,096 Other equity securities 187,502 401,545 Loans: Privately placed bonds 299,634 363,144 Other loans 13,970 — 60,376,243 58,299,841 Financial assets at amortized cost Debt securities: Government and public bonds 21,447,622 23,180,348 Financial bonds 3,850,954 11,325,479 Corporate bonds 12,246,441 15,770,225 Asset-backed securities 6,899,675 7,654,857 Other debt securities 31,105 363,985 Less: Allowances for credit losses (4,169 ) (6,160 ) 44,471,628 58,288,734 ₩ 104,847,871 ₩ 116,588,575 12.2 Dividend income from equity securities designated at fair value through other comprehensive income for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 From the equity securities From the equity securities held From the equity securities From the equity securities held (In millions of Korean won) Equity securities measured at fair value through other comprehensive income: Stocks Listed ₩ 7,106 ₩ 300 ₩ — ₩ 976 Unlisted 372 19,035 — 20,658 Equity investments — 114 — — Other equity securities — 6,877 — 15,041 ₩ 7,478 ₩ 26,326 ₩ — ₩ 36,675 12.3 Derecognized equity securities measured at fair value through other comprehensive income for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 Disposal price Accumulated disposal date Disposal price Accumulated disposal date (In millions of Korean won) Equity securities measured at fair value through other comprehensive income: Stocks Listed ₩ 575,288 ₩ (313,427 ) ₩ 425,736 ₩ 335,203 Unlisted 5,577 4,559 — — ₩ 580,865 ₩ (308,868 ) ₩ 425,736 ₩ 335,203 12.4 Provision (reversal) for credit losses of financial investments for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 4,297 ₩ (229 ) ₩ 4,068 Loans measured at fair value through other comprehensive income 202 (316 ) (114 ) Securities measured at amortized cost 1,916 (636 ) 1,280 ₩ 6,415 ₩ (1,181 ) ₩ 5,234 2021 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 7,466 ₩ (385 ) ₩ 7,081 Loans measured at fair value through other comprehensive income 237 (15 ) 222 Securities measured at amortized cost 1,892 (691 ) 1,201 ₩ 9,595 ₩ (1,091 ) ₩ 8,504 2022 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 2,009 ₩ (4,896 ) ₩ (2,887 ) Loans measured at fair value through other comprehensive income 72 (260 ) (188 ) Securities measured at amortized cost 2,808 (828 ) 1,980 ₩ 4,889 ₩ (5,984 ) ₩ (1,095 ) 12.5 Changes in allowances for credit losses of financial investments for the years ended December 31, 2021 and 2022, are as follows: 2021 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 9,908 ₩ 39 ₩ 73 Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Sales (1,568 ) (4 ) — Provision (reversal) for credit losses 8,512 (11 ) 3 Others (32 ) 4 — Ending ₩ 16,820 ₩ 28 ₩ 76 2022 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 16,820 ₩ 28 ₩ 76 Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Sales (533 ) (20 ) — Provision (reversal) for credit losses (1,358 ) 263 — Others 255 — — Ending ₩ 15,184 ₩ 271 ₩ 76 |
Investments in Associates and J
Investments in Associates and Joint Ventures | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of associates [abstract] | |
Investments in Associates and Joint Ventures | 13. Investments in Associates and Joint Ventures 13.1 Details of investments in associates and joint ventures as of December 31, 2021 and 2022, are as follows: December 31, 2021 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 1 15.19 ₩ 259 ₩ 1,622 ₩ 1,622 Investment finance Korea KB-KDBC Pre-IPO 2 66.66 8,801 11,789 11,789 Investment finance Korea KB Star Office Private Real Estate Master Fund No.1 21.05 20,000 26,240 26,240 Investment finance Korea Balhae Infrastructure Company 1 12.61 105,924 99,785 99,785 Investment finance Korea Aju Good Technology Venture Fund 38.46 12,343 22,921 22,921 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 19,835 18,222 Auto loans Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (19,481 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 1 25.14 440 (147 ) — Research, consulting, and big data Korea Paycoms Co., Ltd. 3 11.05 800 181 525 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 633 1,320 Farm product distribution Korea KBSP Private Equity Fund No.4 1 14.95 6,100 5,628 5,628 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 4,497 4,497 Credit information Korea KB Social Impact Investment Fund 30.00 4,500 4,282 4,282 Investment finance Korea KB-Solidus 2 43.33 45,557 48,201 48,898 Investment finance Korea POSCO-KB 31.25 2,776 5,413 5,413 Investment finance Korea KB-TS 2 56.00 14,280 16,828 16,828 Investment finance Korea KB-Brain Scale-up 2 42.55 25,250 29,669 28,919 Investment finance Korea KB-SJ 1 18.52 4,999 4,146 4,146 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 959 959 Investment finance Korea KB-Stonebridge 1 14.56 21,641 21,948 21,948 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 2 37.69 5,795 4,680 4,680 Investment finance Korea KB-UTC 2 44.29 21,375 20,972 20,972 Investment finance Korea WJ Private Equity Fund No.1 26.95 10,000 9,604 9,604 Investment finance Korea All Together Korea Fund No.2 5 99.99 10,000 10,070 10,070 Asset management Korea KB-NAU 1 12.00 13,392 15,254 15,254 Asset management Korea Project Vanilla Co., Ltd. 49.00 2,450 525 525 Investment finance Korea December & Company Inc. 1 16.78 25,330 9,054 21,388 Investment finance Korea 2020 KB Fintech Renaissance Fund 1 5.05 550 618 618 Investment finance Korea KB Material and Parts No.1 PEF 1 14.47 3,400 3,343 3,343 Investment finance Korea FineKB Private Equity Fund No.1 25.00 8,375 8,067 8,067 Investment finance Korea KB Bio Private Equity No.3 Ltd. 1 12.20 10,000 9,950 9,950 Investment finance Korea G payment Joint Stock Company 43.84 9,029 3,175 9,350 Investment advisory and securities trading Vietnam 498 Seventh Owners LLC 6 49.90 166,851 — — Real estate investment United States Smart Korea KB Future9-Sejong Venture Fund 38.46 1,000 962 962 Investment finance Korea KB-KTB 2 50.50 5,600 5,503 5,554 Investment finance Korea KB-SOLIDUS 2 88.23 1,800 1,800 1,800 Investment finance Korea Paramark KB Fund No.1 20.69 2,040 1,850 1,850 Investment finance Korea Others 2,475 81 789 ₩ 598,590 ₩ 410,457 ₩ 448,718 December 31, 2022 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB-KDBC Pre-IPO 2 66.66 ₩ 3,601 ₩ 5,978 ₩ 5,978 Investment finance Korea Balhae Infrastructure Company 1 12.61 96,516 90,653 90,617 Investment finance Korea Aju Good Technology Venture Fund 38.47 8,143 19,840 19,836 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 20,250 19,162 Auto loans Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (15,963 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 1 17.86 440 60 60 Research, consulting, and big data Korea Paycoms Co., Ltd. 3 12.24 800 201 213 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 696 1,399 Farm product distribution Korea KBSP Private Equity Fund No.4 1 14.95 6,100 1,892 1,892 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 4,959 4,959 Credit information Korea KB Social Impact Investment Fund 30.00 4,500 4,266 4,266 Investment finance Korea KB-Solidus 2 43.33 25,927 21,735 22,432 Investment finance Korea POSCO-KB 31.25 1,826 4,798 4,798 Investment finance Korea KB-TS 2 56.00 9,744 13,794 13,794 Investment finance Korea KB-Brain Scale-up 2 42.55 12,450 17,801 17,051 Investment finance Korea KB-SJ 1 18.52 4,599 3,773 3,773 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 957 957 Investment finance Korea KB-Stonebridge 1 14.56 23,801 25,144 25,144 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 2 37.69 18,041 16,539 16,539 Investment finance Korea KB-UTC 2 44.29 21,375 19,180 19,180 Investment finance Korea WJ Private Equity Fund No.1 26.95 10,000 9,542 9,542 Investment finance Korea All Together Korea Fund No.2 5 99.99 10,000 10,244 10,244 Asset management Korea KB-NAU 1 12.00 10,006 12,554 12,554 Asset management Korea December & Company Inc. 1 16.78 29,951 3,735 16,029 Investment finance Korea 2020 KB Fintech Renaissance Fund 1 5.05 550 630 630 Investment finance Korea KB Material and Parts No.1 PEF 1 14.47 3,400 3,321 3,321 Investment finance Korea FineKB Private Equity Fund No.1 25.00 12,775 10,483 10,483 Investment finance Korea G payment Joint Stock Company 43.84 9,029 2,917 9,281 Investment advisory and securities trading Vietnam KB-GeneN 22.52 2,000 1,965 1,965 Investment finance Korea KB-BridgePole 1 6.30 850 835 835 Investment finance Korea KB-Kyobo 28.57 3,000 2,826 2,826 Investment finance Korea DA-Friend 27.06 988 949 949 Investment finance Korea Cornerstone Pentastone Fund No.4 21.52 818 792 792 Investment finance Korea SKS-VLP 23.11 1,156 1,121 1,121 Investment finance Korea Star-Lord General Investors Private Real Estate Investment Company No.10 26.24 46,700 45,157 — Real estate investment Korea KB-Badgers 40.91 2,137 1,475 1,475 Investment finance Korea JS Private Equity Fund No.3 20.48 1,700 1,664 1,664 Investment finance Korea Mirae Asset Mobility Investment Fund No.1 22.99 2,000 1,979 1,979 Investment finance Korea KB-FT 1 10.34 2,000 1,970 1,970 Investment finance Korea December 31, 2022 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) Glenwood Credit Private Equity Fund No.2 29.89 42,000 43,468 43,468 Investment finance Korea THE CHAEUL FUND NO.1 31.25 1,000 989 989 Investment finance Korea Smart Korea KB Future9-Sejong Venture Fund 38.46 2,000 1,870 1,870 Investment finance Korea KB-KTB 2 50.90 16,800 16,256 16,256 Investment finance Korea KB-SOLIDUS 2 88.23 19,800 18,651 18,651 Investment finance Korea Paramark KB Fund No.1 17.34 12,199 10,966 10,966 Investment finance Korea KB Co-Investment 1 7.12 7,268 7,269 7,233 Investment finance Korea POSITIVE Sobujang Venture Fund No.1 43.96 2,000 1,977 1,977 Investment finance Korea History 2022 Fintech Fund 34.78 2,000 1,981 1,981 Investment finance Korea PEBBLES-MW st 23.26 2,000 1,982 1,982 Investment finance Korea KB-NP 29.85 9,350 9,043 9,043 Investment finance Korea TMAP Mobility Co., Ltd. 1 8.25 200,000 61,518 194,455 Application software development and supply Korea Nextrade Co., Ltd. 1 6.64 9,700 9,700 9,700 Investment finance Korea Shinhan Global Mobility Fund1 24.56 1,345 1,345 1,345 Investment finance Korea SKB Next Unicorn K-Battery 24.84 1,995 1,995 1,995 Investment finance Korea Others 2,029 (741 ) 1,049 ₩ 743,867 ₩ 558,981 ₩ 682,670 1 As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. 2 In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative 3 The ownership of Paycoms Co., Ltd. would be 21.84% and 21.68% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. 4 The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. 5 As of December 31, 2021 and 2022, the Group participates in the investment management committee but cannot exercise control. 6 The investment was classified as assets of a disposal group held for sale as of December 31, 2021. In accordance with IAS No.28 Investments in Associates and Joint Ventures 6 Although the Group holds 20% or more of the ownership, investment trusts with limited influence on related activities according to trust contracts, and companies with limited influence on related activities due to bankruptcy and corporate rehabilitation proceedings are excluded from associates. 13.2 Condensed financial information, adjustments to the carrying amount, and dividend from major investments in associates and joint ventures as of and for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 * Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 10,678 ₩ 3 ₩ 4,015 ₩ 10,675 ₩ 1,622 ₩ — ₩ 1,622 KB-KDBC Pre-IPO 18,069 385 13,200 17,684 11,789 — 11,789 KB Star Office Private Real Estate Master Fund No.1 247,259 122,620 95,000 124,639 26,240 — 26,240 Balhae Infrastructure Company 853,961 62,336 840,323 791,625 99,785 — 99,785 Aju Good Technology Venture Fund 64,303 4,703 32,100 59,600 22,921 — 22,921 SY Auto Capital Co., Ltd. 88,144 47,665 20,000 40,479 19,835 (1,613 ) 18,222 Incheon Bridge Co., Ltd. 560,570 690,530 61,096 (129,960 ) (19,481 ) 19,481 — Big Dipper Co., Ltd. 143 748 1,750 (605 ) (147 ) 147 — Paycoms Co., Ltd. 3,597 1,960 855 1,637 181 344 525 Food Factory Co., Ltd. 8,332 5,482 450 2,850 633 687 1,320 KBSP Private Equity Fund No.4 37,646 5 40,800 37,641 5,628 — 5,628 Korea Credit Bureau Co., Ltd. 128,297 78,328 10,000 49,969 4,497 — 4,497 KB Social Impact Investment Fund 14,431 157 15,000 14,274 4,282 — 4,282 KB-Solidus 112,358 1,126 68,400 111,232 48,201 697 48,898 POSCO-KB 17,754 432 8,880 17,322 5,413 — 5,413 KB-TS 35,279 5,228 25,500 30,051 16,828 — 16,828 KB-Brain Scale-up 69,943 221 61,100 69,722 29,669 (750 ) 28,919 KB-SJ 22,947 557 27,000 22,390 4,146 — 4,146 UNION Media Commerce Fund 3,318 10 3,450 3,308 959 — 959 KB-Stonebridge 151,004 316 148,587 150,688 21,948 — 21,948 KB SPROTT Renewable Private Equity Fund No.1 13,886 1,467 15,376 12,419 4,680 — 4,680 KB-UTC 47,848 497 48,260 47,351 20,972 — 20,972 WJ Private Equity Fund No.1 35,799 170 37,100 35,629 9,604 — 9,604 All Together Korea Fund No.2 10,073 1 10,002 10,072 10,070 — 10,070 KB-NAU 127,960 844 111,600 127,116 15,254 — 15,254 Project Vanilla Co., Ltd. 1,283 211 5,000 1,072 525 — 525 December & Company Inc. 71,219 17,276 37,241 53,943 9,054 12,334 21,388 2020 KB Fintech Renaissance Fund 12,252 5 10,900 12,247 618 — 618 KB Material and Parts No.1 PEF 23,104 — 23,500 23,104 3,343 — 3,343 FineKB Private Equity Fund No.1 32,583 315 33,500 32,268 8,067 — 8,067 KB Bio Private Equity No.3 Ltd. 81,691 101 82,000 81,590 9,950 — 9,950 G payment Joint Stock Company 7,797 557 2,950 7,240 3,175 6,175 9,350 Smart Korea KB Future9-Sejong Venture Fund 2,581 81 2,600 2,500 962 — 962 KB-KTB 11,008 101 11,000 10,907 5,503 51 5,554 KB-SOLIDUS 2,040 — 2,040 2,040 1,800 — 1,800 Paramark KB Fund No.1 8,943 3 9,860 8,940 1,850 — 1,850 2021* Operating revenue Net (loss) Other comprehensive income (loss) Total comprehensive income (loss) Dividends (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 4,594 ₩ 4,180 ₩ — ₩ 4,180 ₩ — KB-KDBC Pre-IPO 530 120 — 120 — KB Star Office Private Real Estate Master Fund No.1 18 (127 ) — (127 ) 963 Balhae Infrastructure Company 97,833 19,559 — 19,559 9,121 Aju Good Technology Venture Fund 22,486 15,407 — 15,407 — SY Auto Capital Co., Ltd. 14,316 2,193 104 2,297 — Incheon Bridge Co., Ltd. 84,068 (16,219 ) — (16,219 ) — Big Dipper Co., Ltd. 939 (583 ) — (583 ) — Paycoms Co., Ltd. 1,515 857 — 857 — Food Factory Co., Ltd. 8,853 354 — 354 — KBSP Private Equity Fund No.4 (1,358 ) (2,154 ) — (2,154 ) — Korea Credit Bureau Co., Ltd. 128,150 (27,327 ) — (27,327 ) 90 KB Social Impact Investment Fund 7 (306 ) — (306 ) — KB-Solidus 18,782 13,396 — 13,396 — POSCO-KB 1,880 376 — 376 — KB-TS 2,094 (1,151 ) — (1,151 ) — KB-Brain Scale-up 14,244 8,495 — 8,495 — KB-SJ 170 (2,631 ) — (2,631 ) — UNION Media Commerce Fund — (3 ) — (3 ) — KB-Stonebridge 55,572 54,053 — 54,053 9,895 KB SPROTT Renewable Private Equity Fund No.1 — (983 ) — (983 ) — KB-UTC 1,080 32 — 32 — WJ Private Equity Fund No.1 291 (398 ) — (398 ) — All Together Korea Fund No.2 53 47 — 47 — KB-NAU 20,594 16,252 — 16,252 — Project Vanilla Co., Ltd. — (3,231 ) — (3,231 ) — December & Company Inc. 3,982 (20,767 ) — (20,767 ) — 2020 KB Fintech Renaissance Fund 1,566 1,411 — 1,411 — KB Material and Parts No.1 PEF 451 42 — 42 34 FineKB Private Equity Fund No.1 2 (1,155 ) — (1,155 ) — KB Bio Private Equity No.3 Ltd. 4 (410 ) — (410 ) — G payment Joint Stock Company 819 (762 ) — (762 ) — Smart Korea KB Future9-Sejong Venture Fund 2 (100 ) — (100 ) — KB-KTB 8 (93 ) — (93 ) — KB-SOLIDUS — — — — — Paramark KB Fund No.1 — (920 ) — (920 ) — December 31, 2022* Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) KB-KDBC Pre-IPO ₩ 9,226 ₩ 260 ₩ 5,400 ₩ 8,966 ₩ 5,978 ₩ — ₩ 5,978 Balhae Infrastructure Company 781,317 62,422 765,686 718,895 90,653 (36 ) 90,617 Aju Good Technology Venture Fund 58,749 7,171 21,180 51,578 19,840 (4 ) 19,836 SY Auto Capital Co., Ltd. 85,077 43,749 20,000 41,328 20,250 (1,088 ) 19,162 Incheon Bridge Co., Ltd. 554,738 661,227 61,096 (106,489 ) (15,963 ) 15,963 — Big Dipper Co., Ltd. 642 308 493 334 60 — 60 Paycoms Co., Ltd. 3,781 2,032 926 1,749 201 12 213 Food Factory Co., Ltd. 8,599 5,468 450 3,131 696 703 1,399 KBSP Private Equity Fund No.4 13,432 776 40,800 12,656 1,892 — 1,892 Korea Credit Bureau Co., Ltd. 155,165 100,065 10,000 55,100 4,959 — 4,959 December 31, 2022* Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) KB Social Impact Investment Fund 14,658 439 15,000 14,219 4,266 — 4,266 KB-Solidus 50,796 639 23,100 50,157 21,735 697 22,432 POSCO-KB 15,675 321 5,840 15,354 4,798 — 4,798 KB-TS 30,346 5,714 17,400 24,632 13,794 — 13,794 KB-Brain Scale-up 42,538 705 31,020 41,833 17,801 (750 ) 17,051 KB-SJ 20,926 551 24,840 20,375 3,773 — 3,773 UNION Media Commerce Fund 3,319 18 3,450 3,301 957 — 957 KB-Stonebridge 172,979 349 163,413 172,630 25,144 — 25,144 KB SPROTT Renewable Private Equity Fund No.1 44,880 996 47,868 43,884 16,539 — 16,539 KB-UTC 44,111 809 48,260 43,302 19,180 — 19,180 WJ Private Equity Fund No.1 35,561 161 37,100 35,400 9,542 — 9,542 All Together Korea Fund No.2 10,246 1 10,001 10,245 10,244 — 10,244 KB-NAU 102,827 498 81,100 102,329 12,554 — 12,554 December & Company Inc. 35,602 13,271 37,367 22,331 3,735 12,294 16,029 2020 KB Fintech Renaissance Fund 12,529 38 10,900 12,491 630 — 630 KB Material and Parts No.1 PEF 22,953 2 23,500 22,951 3,321 — 3,321 FineKB Private Equity Fund No.1 43,759 1,828 51,100 41,931 10,483 — 10,483 G payment Joint Stock Company 10,177 3,523 2,950 6,654 2,917 6,364 9,281 KB-GeneN 8,770 48 8,880 8,722 1,965 — 1,965 KB-BridgePole 13,331 73 13,500 13,258 835 — 835 KB-Kyobo 9,932 40 10,500 9,892 2,826 — 2,826 DA-Friend 3,527 21 3,650 3,506 949 — 949 Cornerstone Pentastone Fund No.4 3,704 23 3,800 3,681 792 — 792 SKS-VLP 4,855 2 5,001 4,853 1,121 — 1,121 Star-Lord General Investors Private Real Estate Investment Company No.10 585,401 413,283 178,000 172,118 45,157 (45,157 ) — KB-Badgers 3,607 — 5,225 3,607 1,475 — 1,475 JS Private Equity Fund No.3 8,126 1 8,300 8,125 1,664 — 1,664 Mirae Asset Mobility Investment Fund No.1 8,683 73 8,700 8,610 1,979 — 1,979 KB-FT 19,051 — 19,345 19,051 1,970 — 1,970 Glenwood Credit Private Equity Fund No.2 145,787 376 140,500 145,411 43,468 — 43,468 THE CHAEUL FUND NO.1 3,166 — 3,200 3,166 989 — 989 Smart Korea KB Future9-Sejong Venture Fund 4,862 — 5,200 4,862 1,870 — 1,870 KB-KTB 32,214 280 33,000 31,934 16,256 — 16,256 KB-SOLIDUS 21,483 345 22,440 21,138 18,651 — 18,651 Paramark KB Fund No.1 63,260 22 70,169 63,238 10,966 — 10,966 KB Co-Investment 101,771 198 102,067 101,573 7,269 (36 ) 7,233 December 31, 2022* Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) POSITIVE Sobujang Venture Fund No.1 4,521 23 4,550 4,498 1,977 — 1,977 History 2022 Fintech Fund 5,695 — 5,750 5,695 1,981 — 1,981 PEBBLES-MW st 8,562 40 8,600 8,522 1,982 — 1,982 KB-NP 31,838 638 32,260 31,200 9,043 — 9,043 TMAP Mobility Co., Ltd. 920,597 174,696 8,677 745,901 61,518 132,937 194,455 Nextrade Co., Ltd. 146,100 — 146,100 146,100 9,700 — 9,700 Shinhan Global Mobility Fund1 5,474 — 5,700 5,474 1,345 — 1,345 SKB Next Unicorn K-Battery 5,705 14 5,691 5,691 1,995 — 1,995 2022* Operating revenue Net profit (loss) Other comprehensive income (loss) Total comprehensive income (loss) Dividends (In millions of Korean won) KB-KDBC Pre-IPO ₩ 1,699 ₩ (917 ) ₩ — ₩ (917 ) ₩ — Balhae Infrastructure Company 100,720 133,964 — 133,964 16,646 Aju Good Technology Venture Fund 22,381 6,018 — 6,018 1,200 SY Auto Capital Co., Ltd. 11,569 474 374 848 — Incheon Bridge Co., Ltd. 130,456 23,754 — 23,754 — Big Dipper Co., Ltd. 834 (672 ) — (672 ) — Paycoms Co., Ltd. 1,266 399 — 399 — Food Factory Co., Ltd. 9,059 605 — 605 — KBSP Private Equity Fund No.4 6 (24,985 ) — (24,985 ) — Korea Credit Bureau Co., Ltd. 144,906 13,809 — 13,809 — KB Social Impact Investment Fund 240 (55 ) — (55 ) — KB-Solidus 2,952 (15,775 ) — (15,775 ) — POSCO-KB 1,721 1,072 — 1,072 — KB-TS 1,043 2,682 — 2,682 — KB-Brain Scale-up 11,851 1,541 — 1,541 — KB-SJ 719 145 — 145 — UNION Media Commerce Fund — (8 ) — (8 ) — KB-Stonebridge 22,445 20,887 — 20,887 2,006 KB SPROTT Renewable Private Equity Fund No.1 — (1,020 ) — (1,020 ) — KB-UTC — (905 ) (1,647 ) (2,552 ) — WJ Private Equity Fund No.1 430 (229 ) — (229 ) — All Together Korea Fund No.2 179 173 — 173 — KB-NAU 21,470 5,713 — 5,713 — December & Company Inc. 868 (32,002 ) — (32,002 ) — 2020 KB Fintech Renaissance Fund 395 243 — 243 — KB Material and Parts No.1 PEF 451 83 — 83 34 2022* Operating revenue Net profit (loss) Other comprehensive income (loss) Total comprehensive income (loss) Dividends (In millions of Korean won) FineKB Private Equity Fund No.1 14,244 (7,938 ) — (7,938 ) — G payment Joint Stock Company 3,401 (831 ) — (831 ) — KB-GeneN 1 (158 ) — (158 ) — KB-BridgePole 4 (242 ) — (242 ) — KB-Kyobo 2 (608 ) — (608 ) — DA-Friend — (144 ) — (144 ) — Cornerstone Pentastone Fund No.4 — (119 ) — (119 ) — SKS-VLP 1 (148 ) — (148 ) — Star-Lord General Investors Private Real Estate Investment Company No.10 16,792 (4,254 ) — (4,254 ) — KB-Badgers — (1,618 ) — (1,618 ) — JS Private Equity Fund No.3 — (175 ) — (175 ) — Mirae Asset Mobility Investment Fund No.1 9 (90 ) — (90 ) — KB-FT 5 (294 ) — (294 ) — Glenwood Credit Private Equity Fund No.2 5,286 4,911 — 4,911 — THE CHAEUL FUND NO.1 — (34 ) — (34 ) — Smart Korea KB Future9-Sejong Venture Fund 13 (236 ) — (236 ) — KB-KTB 134 (973 ) — (973 ) — KB-SOLIDUS 14 (1,302 ) — (1,302 ) — Paramark KB Fund No.1 581 (6,010 ) — (6,010 ) — KB Co-Investment 14 (494 ) — (494 ) — POSITIVE Sobujang Venture Fund No.1 1 (52 ) — (52 ) — History 2022 Fintech Fund — (55 ) — (55 ) — PEBBLES-MW st — (78 ) — (78 ) — KB-NP 19 (1,059 ) — (1,059 ) — TMAP Mobility Co., Ltd. 139,792 (132,476 ) — (132,476 ) — Nextrade Co., Ltd. — — — — — Shinhan Global Mobility Fund1 — (226 ) — (226 ) — SKB Next Unicorn K-Battery 1 — — — — * The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments, such as fair value adjustments recognized at the time of acquisition and adjustments for differences in accounting policies. 13.3 Changes in carrying amount of investments in associates and joint ventures for the years ended December 31, 2021 and 2022, are as follows: 2021 1 Beginning Acquisition and others Disposal and others Dividends Gains (losses) on method accounting Other hensive income (loss) Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,279 ₩ — ₩ (292 ) ₩ — ₩ 635 ₩ — ₩ 1,622 KB GwS Private Securities Investment Trust 141,359 — (141,359 ) — — — — KB-KDBC Pre-IPO 16,042 — (4,800 ) — 547 — 11,789 KB Star Office Private Real Estate Master Fund No.1 20,066 — — (963 ) 7,137 — 26,240 Balhae Infrastructure Company 106,624 280 (463 ) (9,121 ) 2,465 — 99,785 Aju Good Technology Venture Fund 21,348 — (4,770 ) — 6,343 — 22,921 SY Auto Capital Co., Ltd. 16,144 — — — 2,027 51 18,222 Incheon Bridge Co., Ltd. — — — — — — — Big Dipper Co., Ltd. — — — — — — — Paycoms Co., Ltd. 198 — — — 327 — 525 Food Factory Co., Ltd. 1,281 — — — 7 32 1,320 KBSP Private Equity Fund No.4 5,950 — — — (322 ) — 5,628 KB Private Equity Fund No.3 94 — (13 ) (81 ) — — — Korea Credit Bureau Co., Ltd. 7,153 — — (90 ) (2,566 ) — 4,497 KoFC POSCO Hanwha KB Shared Growth Private Equity Fund No.2 9,845 — (9,725 ) (2,120 ) 2,000 — — Keystone-Hyundai Securities No.1 Private Equity Fund 1,556 — (1,044 ) (512 ) — — — KB Social Impact Investment Fund 2,874 1,500 — — (92 ) — 4,282 KB-Solidus 46,213 — (3,120 ) — 5,805 — 48,898 POSCO-KB 12,895 — (7,599 ) — 117 — 5,413 KB-TS 17,630 3,080 (5,376 ) — 1,494 — 16,828 KB-Brain Scale-up 26,763 10,000 (10,800 ) — 2,956 — 28,919 KB-SJ 4,133 499 — — (486 ) — 4,146 UNION Media Commerce Fund 960 — — — (1 ) — 959 KB-Stonebridge 16,636 13,257 (5,924 ) (9,895 ) 7,874 — 21,948 KB SPROTT Renewable Private Equity Fund No.1 5,049 — — — (369 ) — 4,680 KB-UTC 16,999 5,085 (1,126 ) — 14 — 20,972 WJ Private Equity Fund No.1 9,711 — — — (107 ) — 9,604 All Together Korea Fund No.2 10,023 — — — 47 — 10,070 KB-NAU 5,611 7,692 — — 1,951 — 15,254 JR Global REIT 215,854 — (209,250 ) (6,604 ) — — — Project Vanilla Co., Ltd. 2,151 — — — (1,626 ) — 525 December & Company Inc. 24,402 481 — — (3,507 ) 12 21,388 2020 KB Fintech Renaissance Fund 547 — — — 71 — 618 KB Material and Parts No.1 PEF 3,371 — — (34 ) 6 — 3,343 FineKB Private Equity Fund No.1 — 8,375 — — (308 ) — 8,067 KB Bio Private Equity No.3 Ltd. — 10,000 — — (50 ) — 9,950 K The 15th REIT Co., Ltd. — 8,600 (8,600 ) — — — — G payment Joint Stock Company — 9,684 — — (334 ) — 9,350 498 Seventh Owners LLC 2 — 172,907 (169,424 ) (3,483 ) — — — Smart Korea KB Future9-Sejong Venture Fund — 1,000 — — (38 ) — 962 KB-KTB — 5,601 — — (47 ) — 5,554 KB-SOLIDUS — 1,800 — — — — 1,800 Paramark KB Fund No.1 — 2,040 — — (190 ) — 1,850 Others 674 — — — (303 ) 418 789 ₩ 771,435 ₩ 261,881 ₩ (583,685 ) ₩ (32,903 ) ₩ 31,477 ₩ 513 ₩ 448,718 2022 1 Beginning Acquisition and others Disposal and others Dividends Gains (losses) on method accounting Other hensive income (loss) Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,622 ₩ — ₩ (1,429 ) ₩ — ₩ (193 ) ₩ — ₩ — KB-KDBC Pre-IPO 11,789 — (5,200 ) — (611 ) — 5,978 KB Star Office Private Real Estate Master Fund No.1 26,240 — (5,960 ) (20,280 ) — — — Balhae Infrastructure Company 99,785 — (9,408 ) (16,646 ) 16,886 — 90,617 Incheon Bridge Co., Ltd. — — — — — — — Aju Good Technology Venture Fund 22,921 — (4,200 ) (1,200 ) 2,315 — 19,836 SY Auto Capital Co., Ltd. 18,222 — — — 757 183 19,162 Big Dipper Co., Ltd. — 291 — — (231 ) — 60 Paycoms Co., Ltd. 525 — — — (312 ) — 213 Food Factory Co., Ltd. 1,320 — — — 132 (53 ) 1,399 KBSP Private Equity Fund No.4 5,628 — — — (3,736 ) — 1,892 Korea Credit Bureau Co., Ltd. 4,497 — — — 462 — 4,959 KB Social Impact Investment Fund 4,282 — — — (16 ) — 4,266 KB-Solidus 48,898 — (19,630 ) — (6,836 ) — 22,432 POSCO-KB 5,413 — (950 ) — 335 — 4,798 KB-TS 16,828 — (4,536 ) — 1,502 — 13,794 KB-Brain Scale-up 28,919 — (12,800 ) — 932 — 17,051 KB-SJ 4,146 — (400 ) — 27 — 3,773 UNION Media Commerce Fund 959 — — — (2 ) — 957 KB-Stonebridge 21,948 4,370 (2,210 ) (2,006 ) 3,042 — 25,144 KB SPROTT Renewable Private Equity Fund No.1 4,680 12,246 — — (387 ) — 16,539 KB-UTC 20,972 — — — (1,306 ) (486 ) 19,180 WJ Private Equity Fund No.1 9,604 — — — (62 ) — 9,542 All Together Korea Fund No.2 10,070 — — — 174 — 10,244 KB-NAU 15,254 1,320 (4,706 ) — 686 — 12,554 Project Vanilla Co., Ltd. 525 — (525 ) — — — — December & Company Inc. 21,388 — (49 ) — (5,353 ) 43 16,029 2020 KB Fintech Renaissance Fund 618 — — — 12 — 630 KB Material and Parts No.1 PEF 3,343 — — (34 ) 12 — 3,321 FineKB Private Equity Fund No.1 8,067 7,500 (3,100 ) — (1,984 ) — 10,483 KB Bio Private Equity No.3 Ltd. 9,950 — (3,922 ) (6,028 ) — — — G payment Joint Stock Company 9,350 295 — — (364 ) — 9,281 Apollo REIT PropCo LLC — 19,968 (19,968 ) — — — — KB-GeneN — 2,000 — — (35 ) — 1,965 KB-BridgePole — 850 — — (15 ) — 835 KB-Kyobo — 3,000 — — (174 ) — 2,826 DA-Friend — 988 — — (39 ) — 949 Cornerstone Pentastone Fund No.4 — 818 — — (26 ) — 792 SKS-VLP — 1,156 — — (35 ) — 1,121 Star-Lord General Investors Private Real Estate Investment Company No.10 — 46,700 — — (46,700 ) — — KB-Badgers — 2,137 — — (662 ) — 1,475 JS Private Equity Fund No.3 — 1,700 — — (36 ) — 1,664 Mirae Asset Mobility Investment Fund No.1 — 2,000 — — (21 ) — 1,979 KB-FT — 2,000 — — (30 ) — 1,970 Glenwood Credit Private Equity Fund No.2 — 42,000 — — 1,468 — 43,468 THE CHAEUL FUND NO.1 — 1,000 — — (11 ) — 989 Smart Korea KB Future9-Sejong Venture Fund 962 1,000 — — (92 ) — 1,870 KB-KTB 5,554 11,200 — — (498 ) — 16,256 KB-SOLIDUS 1,800 18,000 — — (1,149 ) — 18,651 Paramark KB Fund No.1 1,850 12,444 (2,285 ) — (1,043 ) — 10,966 KB Co-Investment — 7,268 — — (35 ) — 7,233 POSITIVE Sobujang Venture Fund No.1 — 2,000 — — (23 ) — 1,977 History 2022 Fintech Fund — 2,000 — — (19 ) — 1,981 PEBBLES-MW st — 2,000 — — (18 ) — 1,982 KB-NP — 9,350 — — (307 ) — 9,043 TMAP Mobility Co., Ltd. — 200,000 — — (5,797 ) 252 194,455 Nextrade Co., Ltd. — 9,700 — — — — 9,700 Shinhan Global Mobility Fund1 — 1,345 — — — — 1,345 SKB Next Unicorn K-Battery — 1,995 — — — — 1,995 Others 789 50 (43 ) — 75 178 1,049 ₩ 448,718 ₩ 430,691 ₩ (101,321 ) ₩ (46,194 ) ₩ (49,341 ) ₩ 117 ₩ 682,670 1 Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million for the years ended December 31, 2021 and 2022, respectively. 2 The investment was classified as assets of a disposal group held for sale as of December 31, 2021. 13.4 Unrecognized share of losses of investments in associates and joint ventures due to the discontinuation of recognizing share of losses, for the years ended December 31, 2021 and 2022, and accumulated amount of unrecognized losses as of December 31, 2021 and 2022, are as follows: Unrecognized losses for the period Accumulated unrecognized losses 2021 2022 December 31, 2021 December 31, 2022 (In millions of Korean won) DSMETAL Co., Ltd. ₩ 38 ₩ — ₩ 103 ₩ 103 Incheon Bridge Co., Ltd. 1,381 (3,518 ) 19,481 15,963 Jungdong Steel Co., Ltd. — — 489 489 Shinla Construction Co., Ltd. — — 183 183 Jaeyang Industry Co., Ltd. — — 30 30 Terra Corporation — — 14 14 Jungdo Co., Ltd. 239 (8 ) 551 543 Jinseung Tech Co., Ltd. 12 (15 ) 33 18 Korea NM Tech Co., Ltd. — 3 28 31 Chongil Machine & Tools Co., Ltd. 49 7 68 75 Skydigital Inc. 68 3 174 177 Imt Technology Co., Ltd. (3 ) — — — Jo Yang Industrial Co., Ltd. 9 8 105 113 IDTECK Co., Ltd. (72 ) (144 ) 144 — MJT&I Corp. 152 1 152 153 Dae-A 202 310 202 512 Il-Kwang 160 (2 ) 160 158 Inter Shipping Co., Ltd. 117 1,022 117 1,139 Dongjo Co., Ltd — 696 — 696 Iwon Alloy Co., Ltd. — 19 — 19 Chunsung-meat co., ltd. — 24 — 24 ALTSCS CO., LTD. — 1 — 1 RAND Bio Science Co., Ltd. 309 231 309 540 Star-Lord General Investors Private Real Estate Investment Company No.10 — 9,741 — 9,741 ₩ 2,661 ₩ 8,379 ₩ 22,343 ₩ 30,722 |
Property and Equipment, and Inv
Property and Equipment, and Investment Properties | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Property Plant And Equipment And Investment Property [Abstract] | |
Property and Equipment, and Investment Properties | 14. Property and Equipment, and Investment Properties 14.1 Property and Equipment 14.1.1 Details of property and equipment as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,548,185 ₩ — ₩ (4 ) ₩ 2,548,181 Buildings 2,534,134 (851,730 ) (5,747 ) 1,676,657 Leasehold improvements 977,853 (889,602 ) — 88,251 Equipment and vehicles 2,093,461 (1,782,278 ) — 311,183 Construction in-progress 39,579 — — 39,579 Right-of-use 1,301,864 (725,817 ) — 576,047 ₩ 9,495,076 ₩ (4,249,427 ) ₩ (5,751 ) ₩ 5,239,898 December 31, 2022 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,416,730 ₩ — ₩ (4 ) ₩ 2,416,726 Buildings 2,426,317 (839,137 ) (5,747 ) 1,581,433 Leasehold improvements 1,020,095 (943,711 ) — 76,384 Equipment and vehicles 2,070,374 (1,766,036 ) — 304,338 Construction in-progress 28,045 — — 28,045 Right-of-use 1,440,686 (856,145 ) — 584,541 ₩ 9,402,247 ₩ (4,405,029 ) ₩ (5,751 ) ₩ 4,991,467 14.1.2 Changes in property and equipment for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition Transfer 1 Disposal Depreciation 2 Business combination Others 3 Ending (In millions of Korean won) Land ₩ 2,610,586 ₩ 1,106 ₩ (81,690 ) ₩ (11,399 ) ₩ — ₩ — ₩ 29,578 ₩ 2,548,181 Buildings 1,771,582 2,412 (79,802 ) 6,213 (69,118 ) — 45,370 1,676,657 Leasehold improvements 95,827 13,079 40,148 (891 ) (61,294 ) — 1,382 88,251 Equipment and vehicles 340,658 153,459 2,488 (1,819 ) (187,918 ) 537 3,778 311,183 Construction in-progress 44,190 129,682 (99,763 ) (8,435 ) — — (26,095 ) 39,579 Right-of-use assets 570,711 614,069 (9 ) (324,104 ) (288,980 ) 20 4,340 576,047 ₩ 5,433,554 ₩ 913,807 ₩ (218,628 ) ₩ (340,435 ) ₩ (607,310 ) ₩ 557 ₩ 58,353 ₩ 5,239,898 2022 Beginning Acquisition Transfer 1 Disposal Depreciation 2 Business combination Others 3 Ending (In millions of Korean won) Land ₩ 2,548,181 ₩ 678 ₩ (117,290 ) ₩ (7,223 ) ₩ — ₩ — ₩ (7,620 ) ₩ 2,416,726 Buildings 1,676,657 12,867 (39,460 ) (7,860 ) (66,044 ) — 5,273 1,581,433 Leasehold improvements 88,251 12,533 36,379 (455 ) (60,129 ) 8 (203 ) 76,384 Equipment and vehicles 311,183 159,109 1,899 (1,795 ) (170,529 ) 30 4,441 304,338 Construction in-progress 39,579 110,378 (121,306 ) (397 ) — — (209 ) 28,045 Right-of-use assets 576,047 682,393 (2,640 ) (416,712 ) (296,509 ) — 41,962 584,541 ₩ 5,239,898 ₩ 977,958 ₩ (242,418 ) ₩ (434,442 ) ₩ (593,211 ) ₩ 38 ₩ 43,644 ₩ 4,991,467 1 Includes transfers with investment properties and assets held for sale. 2 Includes depreciation expenses amounting to ₩ 196 million and ₩ 255 million recorded as other operating expenses and others for the years ended December 31, 2021 and 2022, respectively. 3 Includes net exchange difference. 14.1.3 Changes in accumulated impairment losses of property and equipment for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (6,877 ) ₩ — ₩ — ₩ 1,126 ₩ (5,751 ) 2022 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (5,751 ) ₩ — ₩ — ₩ — ₩ (5,751 ) 14.2 Investment Properties 14.2.1 Details of investment properties as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,577,800 ₩ — ₩ (447 ) ₩ 1,577,353 Buildings 1,089,761 (147,307 ) (4,863 ) 937,591 ₩ 2,667,561 ₩ (147,307 ) ₩ (5,310 ) ₩ 2,514,944 December 31, 2022 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,496,007 ₩ — ₩ (478 ) ₩ 1,495,529 Buildings 1,783,438 (125,428 ) (5,199 ) 1,652,811 ₩ 3,279,445 ₩ (125,428 ) ₩ (5,677 ) ₩ 3,148,340 14.2.2 Valuation techniques and inputs used to measure the fair value of investment properties as of December 31, 2022, are as follows: December 31, 2022 Fair value Valuation techniques Inputs (In millions of Korean won) Land and buildings ₩ 194,157 Cost approach method - Price per square meter - Replacement cost 1,514,800 Market comparison method - Price per square meter 1,527,096 Discounted cash flow - Prospective rental market growth rate - Period of vacancy - Rental ratio - Discount rate and others 233,850 Income approach method - Discount rate - Capitalization rate - Vacancy rate Fair value of investment properties amounts to ₩ 2,712,402 million and ₩ 3,469,903 million as of December 31, 2021 and 2022, respectively. Investment properties are measured by qualified independent appraisers with recent experience in valuing similar properties in the same area. In addition, all investment properties are classified as Level 3 in accordance with fair value hierarchy in Note 6.1.2. Rental income from above investment properties amounts to ₩ 123,313 million and ₩ 136,493 million for the years ended December 31, 2021 and 2022, respectively. 14.2.3 Changes in investment properties for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition Transfer* Disposal Depreciation Others Ending (In millions of Korean won) Land ₩ 1,568,098 ₩ 28,568 ₩ 22,410 ₩ (63,546 ) ₩ — ₩ 21,823 ₩ 1,577,353 Buildings 965,441 90,393 1,802 (112,159 ) (28,933 ) 21,047 937,591 ₩ 2,533,539 ₩ 118,961 ₩ 24,212 ₩ (175,705 ) ₩ (28,933 ) ₩ 42,870 ₩ 2,514,944 2022 Beginning Acquisition Transfer* Disposal Depreciation Others Ending (In millions of Korean won) Land ₩ 1,577,353 ₩ 387,282 ₩ (64,630 ) ₩ (414,335 ) ₩ — ₩ 9,859 ₩ 1,495,529 Buildings 937,591 880,545 (62,186 ) (153,562 ) (38,156 ) 88,579 1,652,811 ₩ 2,514,944 ₩ 1,267,827 ₩ (126,816 ) ₩ (567,897 ) ₩ (38,156 ) ₩ 98,438 ₩ 3,148,340 * Includes transfers with property and equipment and assets held for sale. |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about intangible assets [abstract] | |
Intangible Assets | 15. Intangible Assets 15.1 Details of intangible assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 887,259 ₩ — ₩ (70,517 ) ₩ (10,335 ) ₩ 806,407 Other intangible assets 5,227,231 (2,732,394 ) (34,887 ) — 2,459,950 ₩ 6,114,490 ₩ (2,732,394 ) ₩ (105,404 ) ₩ (10,335 ) ₩ 3,266,357 December 31, 2022 Acquisition cost Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 903,003 ₩ — ₩ (70,517 ) ₩ 12,669 ₩ 845,155 Other intangible assets 5,537,835 (3,149,825 ) (32,766 ) — 2,355,244 ₩ 6,440,838 ₩ (3,149,825 ) ₩ (103,283 ) ₩ 12,669 ₩ 3,200,399 15.2 Details of goodwill as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Acquisition Carrying Acquisition Carrying (In millions of Korean won) Housing & Commercial Bank ₩ 65,288 ₩ 65,288 ₩ 65,288 ₩ 65,288 Kookmin Bank Cambodia Plc. 1,202 — 1,202 — KB Securities Co., Ltd. 70,265 58,889 70,265 58,889 KB Capital Co., Ltd. 79,609 79,609 79,609 79,609 KB Savings Bank Co., Ltd. 115,343 57,404 115,343 57,404 KB Securities Vietnam Joint Stock Company 13,092 13,533 13,092 13,947 KB Daehan Specialized Bank Plc. 1,515 1,601 1,515 1,712 PRASAC Microfinance Institution Plc. 396,942 388,524 396,942 415,332 PT Sunindo Kookmin Best Finance 2,963 2,894 2,963 2,817 PT Bank KB Bukopin Tbk 89,220 85,893 89,220 83,619 PT. KB Finansia Multi Finance 51,820 52,772 51,820 51,376 PT. KB Valbury Sekurita — — 11,070 10,713 I-Finance — — 4,674 4,449 ₩ 887,259 ₩ 806,407 ₩ 903,003 ₩ 845,155 * Includes the effect of exchange differences and others. 15.3 Changes in accumulated impairment losses of goodwill for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) 2022 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) 15.4 Details of goodwill allocation to cash-generating units and related information for impairment testing as of December 31, 2022 are as follows: December 31, 2022 Carrying Recoverable amount Discount rate Permanent (In millions of Korean won) Housing & Commercial Bank Retail banking ₩ 49,315 ₩ 5,778,171 16.60 1.00 Corporate banking 15,973 2,905,282 17.01 1.00 KB Securities Co., Ltd. 58,889 29,096 17.86 1.00 KB Capital Co., Ltd. 79,609 1,019,677 16.74 1.00 KB Savings Bank Co., Ltd. and Yehansoul Savings Bank Co., Ltd. 57,404 730,113 12.16 1.00 KB Securities Vietnam Joint Stock Company 13,947 69,658 19.66 1.00 KB Daehan Specialized Bank Plc. 1,712 23,981 21.84 1.00 PT Bank KB Bukopin Tbk 83,619 582,823 20.16 3.00 PRASAC Microfinance Institution Plc. 415,332 122,207 30.40 3.00 PT Sunindo Kookmin Best Finance 2,817 10,699 18.55 — PT. KB Finansia Multi Finance 51,376 128,087 16.35 1.00 PT. KB Valbury Sekurita 10,713 67,989 13.95 1.00 ₩ 840,706 ₩ 11,467,783 * The recoverable amount exceeding carrying amount is the amount at the time of impairment testing. For impairment testing, goodwill is allocated to cash-generating units that are expected to benefit from the synergies of the business combination, and cash-generating units consist of an operating segment or units which are not larger than an operating segment. Cash-generating units to which goodwill has been allocated is tested for impairment annually and whenever there is an indication that the unit may be impaired, by comparing the carrying amount of the unit including the goodwill with the recoverable amount of the unit. The recoverable amount of a cash-generating unit is measured at the higher of its fair value less costs of disposal and its value in use. The fair value less costs of disposal is the amount obtainable from the disposal in an arm’s length transaction between knowledgeable, willing parties, after deducting the costs of disposal. If it is difficult to measure the amount obtainable from the disposal of the cash-generating unit, the disposal amount of a similar cash-generating unit in the past transaction is used by reflecting the characteristics of the cash-generating unit to be measured. If it is not possible to obtain reliable information to measure the fair value less costs of disposal, the Group uses the asset’s value in use as its recoverable amount. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit. The estimated future cash flows are based on the most recent financial budget approved by management with maximum period of 5 years. In relation to subsequent cash flows, it is assumed that cash flows will grow at a certain permanent growth rate. The key assumptions used for the estimation of the future cash flows are based on the market size and the Group’s market share. The discount rate is a pre-tax The Group acquired a 100% stake in I-Finance 15.5 Details of intangible assets other than goodwill as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 3,056 ₩ (1,953 ) ₩ — ₩ 1,103 Software 1,996,646 (1,417,705 ) — 578,941 Other intangible assets 797,107 (365,473 ) (34,887 ) 396,747 VOBA 2,395,291 (915,746 ) — 1,479,545 Right-of-use 35,131 (31,517 ) — 3,614 ₩ 5,227,231 ₩ (2,732,394 ) ₩ (34,887 ) ₩ 2,459,950 December 31, 2022 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 4,740 ₩ (2,913 ) ₩ (716 ) ₩ 1,111 Software 2,260,879 (1,640,631 ) — 620,248 Other intangible assets 841,785 (420,381 ) (32,050 ) 389,354 VOBA 2,395,291 (1,053,362 ) — 1,341,929 Right-of-use 35,140 (32,538 ) — 2,602 ₩ 5,537,835 ₩ (3,149,825 ) ₩ (32,766 ) ₩ 2,355,244 15.6 Changes in intangible assets other than goodwill for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition & Disposal Amortization 1 Business combination Others Ending (In millions of Korean won) Industrial property rights ₩ 2,347 ₩ 207 ₩ (1,080 ) ₩ (371 ) ₩ — ₩ — ₩ 1,103 Software 573,186 219,128 (838 ) (216,073 ) 8,742 (5,204 ) 578,941 Other intangible assets 2 371,773 100,460 (16,907 ) (59,761 ) — 1,182 396,747 VOBA 1,635,619 — — (156,074 ) — — 1,479,545 Right-of-use 4,626 — — (1,012 ) — — 3,614 ₩ 2,587,551 ₩ 319,795 ₩ (18,825 ) ₩ (433,291 ) ₩ 8,742 ₩ (4,022 ) ₩ 2,459,950 2022 Beginning Acquisition & Disposal Amortization 1 Others Ending (In millions of Korean won) Industrial property rights ₩ 1,103 ₩ 254 ₩ — ₩ (246 ) ₩ — ₩ 1,111 Software 578,941 290,229 (332 ) (249,050 ) 460 620,248 Other intangible assets 2 396,747 69,596 (10,192 ) (62,270 ) (4,527 ) 389,354 VOBA 1,479,545 — — (137,616 ) — 1,341,929 Right-of-use 3,614 — — (1,012 ) — 2,602 ₩ 2,459,950 ₩ 360,079 ₩ (10,524 ) ₩ (450,194 ) ₩ (4,067 ) ₩ 2,355,244 1 Includes ₩ 189,791 million and ₩ 164,308 million recorded as insurance expenses and other operating expenses for the years ended December 31, 2021 and 2022, respectively. 2 Impairment losses for membership right with indefinite useful life among other intangible assets are recognized when its recoverable amount is lower than its carrying amount, and reversal of impairment losses are recognized when its recoverable amount is higher than its carrying amount. 15.7 Changes in accumulated impairment losses of other intangible assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (36,264 ) ₩ (5,306 ) ₩ 2,939 ₩ 3,744 ₩ (34,887 ) 2022 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (34,887 ) ₩ (1,301 ) ₩ 425 ₩ 2,997 ₩ (32,766 ) |
Lease
Lease | 12 Months Ended |
Dec. 31, 2022 | |
Presentation of leases for lessee [abstract] | |
Lease | 16. Lease 16.1 The Group as a Lessee 16.1.1 Amounts recognized in the consolidated statements of financial position related to lease as of December 31, 2021 and 2022, are as follows: December 31, December 31, (In millions of Korean won) Right-of-use Real estate ₩ 544,075 ₩ 557,122 Vehicles 18,416 20,281 Others 13,556 7,138 576,047 584,541 Right-of-use 3,614 2,602 ₩ 579,661 ₩ 587,143 Lease liabilities * ₩ 578,808 ₩ 592,697 * Included in property and equipment, intangible assets, and other liabilities. 16.1.2 Amounts recognized in the consolidated statements of comprehensive income related to lease for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In millions of Korean won) Depreciation and amortization of right-of-use Real estate ₩ 262,240 ₩ 271,703 Vehicles 17,796 17,661 Others 8,944 7,145 Intangible assets 1,012 1,012 ₩ 289,992 ₩ 297,521 Interest expenses on the lease liabilities ₩ 14,678 ₩ 17,849 Expense relating to short-term lease 5,920 4,388 Expense relating to lease of low-value 8,434 10,089 Expense relating to variable lease payments not included in lease liabilities (included in administrative expenses) 262 3 Total cash outflows for lease for the years ended December 31, 2021 and 2022 are ₩ 267,864 million and ₩ 272,050 million, respectively. 16.2 The Group as a Lessor 16.2.1 The Group as a finance lessor 16.2.1.1 Gross investment in the lease and present value of minimum lease payments as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Gross Present Gross Present (In millions of Korean won) Up to 1 year ₩ 559,569 ₩ 379,439 ₩ 509,316 ₩ 363,085 1-5 808,256 540,219 679,773 516,701 Over 5 years — — 10,166 10,167 ₩ 1,367,825 ₩ 919,658 ₩ 1,199,255 ₩ 889,953 16.2.1.2 Unearned finance income on finance lease as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Gross investment in the lease ₩ 1,367,825 ₩ 1,199,255 Net investment in the lease: Present value of minimum lease payments 919,658 889,953 Present value of unguaranteed residual value 349,478 232,047 1,269,136 1,122,000 Unearned finance income ₩ 98,689 ₩ 77,255 16.2.2 The Group as an operating lessor Future minimum lease payments to be received from the non-cancellable December 31, 2021 December 31, 2022 (In millions of Korean won) Minimum lease payments to be received: Up to 1 year ₩ 918,640 ₩ 919,299 1-5 1,797,551 1,576,352 Over 5 years 299,984 227,946 ₩ 3,016,175 ₩ 2,723,597 |
Deferred Income Tax Assets and
Deferred Income Tax Assets and Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Net deferred tax assets and liabilities [abstract] | |
Deferred Income Tax Assets and Liabilities | 17. Deferred Income Tax Assets and Liabilities 17.1 Details of deferred income tax assets and liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 178,027 ₩ — ₩ 178,027 Allowances for credit losses 28,770 (3,008 ) 25,762 Impairment losses of property and equipment 9,198 (1,833 ) 7,365 Share-based payments 24,249 — 24,249 Provisions for acceptances and guarantees 33,091 — 33,091 Gains or losses on valuation of derivatives 41,289 (139,281 ) (97,992 ) Present value discount 14,254 (5,929 ) 8,325 Gains or losses on fair value hedge — (14,642 ) (14,642 ) Accrued interest — (140,852 ) (140,852 ) Deferred loan origination fees and costs 10,473 (223,170 ) (212,697 ) Advanced depreciation provision — (1,703 ) (1,703 ) Gains or losses on revaluation — (318,539 ) (318,539 ) Investments in subsidiaries and others 42,547 (159,411 ) (116,864 ) Gains or losses on valuation of security investment 104,168 (1,192,004 ) (1,087,836 ) Defined benefit liabilities 608,471 — 608,471 Accrued expenses 281,983 — 281,983 Retirement insurance expense — (573,895 ) (573,895 ) Adjustments to the prepaid contributions — (29,273 ) (29,273 ) Derivative-linked securities 2,241 (46,895 ) (44,654 ) Others* 1,031,411 (871,625 ) 159,786 2,410,172 (3,722,060 ) (1,311,888 ) Offsetting of deferred income tax assets and liabilities (2,251,079 ) 2,251,079 — ₩ 159,093 ₩ (1,470,981 ) ₩ (1,311,888 ) December 31, 2022 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 195,191 ₩ — ₩ 195,191 Allowances for credit losses 2,151 (12,259 ) (10,108 ) Impairment losses of property and equipment 6,088 (1,476 ) 4,612 Share-based payments 21,406 — 21,406 Provisions for acceptances and guarantees 39,787 — 39,787 Gains or losses on valuation of derivatives 135,985 (207,778 ) (71,793 ) Present value discount 20,247 (2,571 ) 17,676 Gains or losses on fair value hedge — (93,833 ) (93,833 ) Accrued interest — (168,068 ) (168,068 ) Deferred loan origination fees and costs 13,675 (185,723 ) (172,048 ) Advanced depreciation provision — (4,018 ) (4,018 ) Gains or losses on revaluation 315 (292,373 ) (292,058 ) Investments in subsidiaries and others 48,693 (203,130 ) (154,437 ) Gains or losses on valuation of security investment 1,040,989 (278,334 ) 762,655 Defined benefit liabilities 497,982 (799 ) 497,183 Accrued expenses 268,529 — 268,529 Retirement insurance expense — (583,156 ) (583,156 ) Adjustments to the prepaid contributions — (27,986 ) (27,986 ) Derivative-linked securities 10,102 (283,840 ) (273,738 ) Others* 1,224,029 (951,433 ) 272,596 3,525,169 (3,296,777 ) 228,392 Offsetting of deferred income tax assets and liabilities (3,274,084 ) 3,274,084 — ₩ 251,085 ₩ (22,693 ) ₩ 228,392 * Includes Purchase Price Allocation (“PPA”) amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others. 17.2 Unrecognized Deferred Income Tax Assets 17.2.1 No deferred income tax assets have been recognized for the deductible temporary differences of ₩ 1,148,089 million associated with investments in subsidiaries and others as of December 31, 2022, because it is not probable that these temporary differences will reverse in the foreseeable future. 17.2.2 No deferred income tax assets have been recognized for the deductible temporary differences of ₩ 96,750 million associated with others as of December 31, 2022, due to the uncertainty that these temporary differences will be realized in the future. 17.3 Unrecognized Deferred Income Tax Liabilities 17.3.1 No deferred income tax liabilities have been recognized for the taxable temporary differences of ₩ 565,035 million associated with investments in subsidiaries and others as of December 31, 2022, due to the following reasons: • The Group is able to control the timing of the reversal of the temporary differences. • It is probable that these temporary differences will not reverse in the foreseeable future. 17.3.2 No deferred income tax liabilities have been recognized as of December 31, 2022, for the taxable temporary differences of ₩ 65,288 million related to the initial recognition of goodwill arising from the merger of Housing and Commercial Bank in 2001. 17.4 Changes in cumulative temporary differences for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Gains or losses on fair value hedge ₩ 76,583 ₩ 76,583 ₩ — ₩ — Other provisions 544,705 527,058 631,800 649,447 Allowances for credit losses 93,749 69,023 75,452 100,178 Impairment losses of property and equipment 14,516 4,361 23,290 33,445 Deferred loan origination fees and costs 26,269 13,719 25,536 38,086 Share-based payments 62,085 55,002 78,225 85,308 Provisions for acceptances and guarantees 61,984 61,984 120,332 120,332 Gains or losses on valuation of derivatives 76,238 76,238 149,817 149,817 Present value discount 62,029 61,783 51,586 51,832 Investments in subsidiaries and others 371,001 203,470 346,809 514,340 Gains or losses on valuation of security investment 251,690 252,497 368,886 368,079 Defined benefit liabilities 2,299,159 315,719 393,189 2,376,629 Accrued expenses 1,220,283 1,220,283 1,026,651 1,026,651 Derivative-linked securities 284,370 284,370 8,147 8,147 Others* 3,648,764 554,628 100,539 3,194,675 9,093,425 3,776,718 3,400,259 8,716,966 Unrecognized deferred income tax assets Other provisions 3,054 404 Investments in subsidiaries and others 242,875 372,410 Others 75,831 107,067 8,771,665 8,237,085 Tax rate (%) 27.5 27.5 Total deferred income tax assets ₩ 2,478,283 ₩ 2,410,172 Taxable temporary differences Gains or losses on fair value hedge ₩ — ₩ — ₩ (53,243 ) ₩ (53,243 ) Accrued interest (457,626 ) (442,101 ) (496,663 ) (512,188 ) Allowances for credit losses (12,203 ) (12,203 ) (10,939 ) (10,939 ) Impairment losses of property and equipment (3,935 ) (204 ) — (3,731 ) Deferred loan origination fees and costs (820,223 ) (820,223 ) (802,237 ) (802,237 ) Advanced depreciation provision (6,192 ) — — (6,192 ) Gains or losses on valuation of derivatives (812,662 ) (804,383 ) (498,197 ) (506,476 ) Present value discount (10,916 ) (10,916 ) (21,469 ) (21,469 ) Goodwill arising from the merger (65,288 ) — — (65,288 ) Gains or losses on revaluation (1,162,538 ) (48,981 ) (44,765 ) (1,158,322 ) Investments in subsidiaries and others (646,676 ) (150,480 ) (468,334 ) (964,530 ) Gains or losses on valuation of security investment (4,425,922 ) (2,552,447 ) (2,394,100 ) (4,267,575 ) Retirement insurance expense (1,963,061 ) (228,784 ) (346,368 ) (2,080,645 ) Adjustments to the prepaid contributions (102,768 ) (102,768 ) (106,446 ) (106,446 ) Derivative-linked securities (112,293 ) (112,293 ) (170,526 ) (170,526 ) Others* (2,706,386 ) (1,819,652 ) (2,208,579 ) (3,095,313 ) (13,308,689 ) (7,105,435 ) (7,621,866 ) (13,825,120 ) Unrecognized deferred income tax liabilities Goodwill arising from the merger (65,288 ) (65,288 ) Investments in subsidiaries and others (260,739 ) (404,147 ) Others (1,042 ) (446 ) (12,981,620 ) (13,355,239 ) Tax rate (%) 27.5 27.5 Total deferred income tax liabilities ₩ (3,591,024 ) ₩ (3,722,060 ) 2022 Beginning Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Other provisions ₩ 649,447 ₩ 625,770 ₩ 715,694 ₩ 739,371 Allowances for credit losses 100,178 99,713 326 791 Impairment losses of property and equipment 33,445 22,725 12,255 22,975 Deferred loan origination fees and costs 38,086 19,556 33,075 51,605 Share-based payments 85,308 74,120 69,589 80,777 Provisions for acceptances and guarantees 120,332 120,332 150,140 150,140 Gains or losses on valuation of derivatives 149,817 149,817 513,151 513,151 Present value discount 51,832 51,586 76,153 76,399 Investments in subsidiaries and others 514,340 59,444 863,317 1,318,213 Gains or losses on valuation of security investment 368,079 368,079 3,872,016 3,872,016 Defined benefit liabilities 2,376,629 467,454 118,171 2,027,346 Accrued expenses 1,026,651 1,026,591 1,013,263 1,013,323 Derivative-linked securities 8,147 8,147 38,123 38,123 Others 1 3,194,675 2,306,121 2,950,445 3,838,999 8,716,966 5,399,455 10,425,718 13,743,229 Unrecognized deferred income tax assets Other provisions 404 3,880 Investments in subsidiaries and others 372,410 1,148,089 Others 107,067 96,750 8,237,085 12,494,510 Tax rate (%) 27.5 26.5 Total deferred income tax assets ₩ 2,410,172 ₩ 3,525,169 Taxable temporary differences Gains or losses on fair value hedge ₩ (53,243 ) ₩ (53,243 ) ₩ (354,085 ) ₩ (354,085 ) Accrued interest (512,188 ) (475,840 ) (597,870 ) (634,218 ) Allowances for credit losses (10,939 ) (10,939 ) (46,262 ) (46,262 ) Impairment losses of property and equipment (3,731 ) (283 ) — (3,448 ) Deferred loan origination fees and costs (802,237 ) (802,237 ) (690,979 ) (690,979 ) Advanced depreciation provision (6,192 ) (126 ) (9,097 ) (15,163 ) Gains or losses on valuation of derivatives (506,476 ) (498,609 ) (747,674 ) (755,541 ) Present value discount (21,469 ) (21,469 ) (9,703 ) (9,703 ) Goodwill arising from the merger (65,288 ) — — (65,288 ) Gains or losses on revaluation (1,158,322 ) (92,944 ) (37,914 ) (1,103,292 ) Investments in subsidiaries and others (964,530 ) (87,129 ) (434,311 ) (1,311,712 ) Gains or losses on valuation of security investment (4,267,575 ) (4,263,845 ) (988,618 ) (992,348 ) Defined benefit liabilities — — (3,014 ) (3,014 ) Retirement insurance expense (2,080,645 ) (324,513 ) (437,492 ) (2,193,624 ) Adjustments to the prepaid contributions (106,446 ) (106,446 ) (105,608 ) (105,608 ) Derivative-linked securities (170,526 ) (170,526 ) (1,071,093 ) (1,071,093 ) Others 1 (3,095,313 ) (1,832,328 ) (2,218,485 ) (3,481,470 ) (13,825,120 ) (8,740,477 ) (7,752,205 ) (12,836,848 ) Unrecognized deferred income tax liabilities Goodwill arising from the merger (65,288 ) (65,288 ) Investments in subsidiaries and others (404,147 ) (565,035 ) Others (446 ) (446 ) (13,355,239 ) (12,206,079 ) Tax rate (%) 2 27.5 26.5 Total deferred income tax liabilities ₩ (3,722,060 ) ₩ (3,296,777 ) * Includes PPA amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others. 1 Includes PPA amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others. 2 The corporate tax rate was changed due to the amendment of corporate tax law in 2022. Accordingly, the rate of 26.5% has been applied for the deferred tax assets and liabilities expected to be utilized in periods after December 31, 2022. |
Assets Held for Sale and Assets
Assets Held for Sale and Assets of a Disposal Group Held for Sale | 12 Months Ended |
Dec. 31, 2022 | |
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners [abstract] | |
Assets Held for Sale and Assets of a Disposal Group Held for Sale | 18. Assets Held for Sale and Assets of a Disposal Group Held for Sale 18.1 Assets Held for Sale 18.1.1 Details of assets held for sale as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 115,099 ₩ (16,528 ) ₩ 98,571 ₩ 135,192 Buildings held for sale 170,892 (36,923 ) 133,969 149,569 Other assets held for sale 10,142 (5,364 ) 4,778 4,778 ₩ 296,133 ₩ (58,815 ) ₩ 237,318 ₩ 289,539 December 31, 2022 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 106,349 ₩ (20,395 ) ₩ 85,954 ₩ 104,990 Buildings held for sale 162,973 (38,869 ) 124,104 137,706 Other assets held for sale 4,547 (2,847 ) 1,700 1,699 ₩ 273,869 ₩ (62,111 ) ₩ 211,758 ₩ 244,395 * Acquisition cost of buildings held for sale is net of accumulated depreciation amount immediately before the initial classification of the assets as held for sale. 18.1.2 Valuation techniques and inputs used to measure the fair value of assets held for sale as of December 31, 2022 are as follows: December 31, 2022 Fair value Valuation 1 Unobservable 2 Estimated range of Effect of (In millions of Korean won) Land and buildings ₩ 244,395 Sales comparison Adjustment index 0.68 ~ 1.95 Fair value increases 1 The appraisal value is adjusted by the adjustment ratio in the event the public sale is unsuccessful. 2 Adjustment index is calculated using the time factor correction or local factors or individual factors. Among assets held for sale, real estate was measured by independent appraisers with professional qualifications and recent experience in evaluating similar properties in the area of the property to be assessed. All assets held for sale are classified as Level 3 in accordance with fair value hierarchy in Note 6.1.2. 18.1.3 Changes in accumulated impairment losses of assets held for sale for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Provision Reversal Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (46,115 ) ₩ (15,490 ) ₩ — ₩ 2,790 ₩ (58,815 ) 2022 Beginning Provision Reversal Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (58,815 ) ₩ (7,587 ) ₩ 242 ₩ 4,049 ₩ (62,111 ) 18.1.4 As of December 31, 2022, assets held for sale consist of 11 real estates of closed offices and 438 foreclosure assets on loans of PT Bank KB Bukopin Tbk, which were determined to sell by management, but not yet sold as of December 31, 2022. Negotiation with buyers is in process for the one closed office and the remaining 438 assets are also being actively marketed. 18.2 Assets of a Disposal Group Held for Sale The Group decided to sell all of its shares in 498 Seventh KOR Holdco LP held by Hanwha US Equity Strategy Private Real Estate Fund No.3, which is a subsidiary and 498 Seventh KOR LLC held by 498 Seventh KOR Holdco LP. The Group classified assets of 498 Seventh KOR Holdco LP and 498 Seventh KOR LLC as assets of a disposal group held for sale, and classified currency translation differences as accumulated other comprehensive income relating to assets of a disposal group held for sale and has entered into a share transfer contract with JR REIT No.28 in 2021, and completed the sale process in January 2022. Accordingly, there are no assets, liabilities, and accumulated other comprehensive income relating to a disposal group held for sale as of December 31, 2022 18.2.1 There is no liabilities of a disposal group held for sale and details of assets of a disposal group held for sale as of December 31, 2021 are as follows: December 31, 2021 498 seventh Holdco LP 498 seventh KOR LLC Total (In millions of Korean won) Cash ₩ 556 ₩ 512 ₩ 1,068 Investments in associates — 169,424 169,424 Other assets — 1,257 1,257 ₩ 556 ₩ 171,193 ₩ 171,749 There is no impairment loss recognized as for the assets of a disposal group held for sale as of December 31, 2021. 18.2.2 Details of accumulated other comprehensive income relating to assets of a disposal group held for sale as of December 31, 2021 are as follows: December 31, 2021 (In millions of Korean won) Currency translation differences ₩ 7,671 |
Other Assets
Other Assets | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous assets [abstract] | |
Other Assets | 19. Other Assets 19.1 Details of other assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Other financial assets Other receivables ₩ 6,732,917 ₩ 6,648,187 Accrued income 1,916,667 2,507,324 Guarantee deposits 1,035,522 984,176 Domestic exchange settlement debits 1,014,938 879,847 Others 204,940 352,955 Less: Allowances for credit losses (143,205 ) (155,404 ) Less: Present value discount (6,429 ) (7,735 ) 10,755,350 11,209,350 Other non-financial Other receivables 1,764 5,653 Prepaid expenses 254,990 471,258 Guarantee deposits 7,268 3,157 Insurance assets 2,924,698 3,248,548 Separate account assets 10,556,935 9,820,673 Others 3,689,340 3,697,420 Less: Allowances for credit losses (16,172 ) (18,530 ) 17,418,823 17,228,179 ₩ 28,174,173 ₩ 28,437,529 19.2 Changes in allowances for credit losses of other assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 119,762 ₩ 17,520 ₩ 137,282 Write-offs (3,504 ) (380 ) (3,884 ) Provision 25,387 (447 ) 24,940 Business combination 227 — 227 Others 1,333 (521 ) 812 Ending ₩ 143,205 ₩ 16,172 ₩ 159,377 2022 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 143,205 ₩ 16,172 ₩ 159,377 Write-offs (10,028 ) (70 ) (10,098 ) Provision (reversal) 15,224 2,182 17,406 Business combination 267 — 267 Others 6,736 246 6,982 Ending ₩ 155,404 ₩ 18,530 ₩ 173,934 |
Financial Liabilities at Fair V
Financial Liabilities at Fair Value through Profit or Loss | 12 Months Ended |
Dec. 31, 2022 | |
Financial liabilities at fair value through profit or loss [abstract] | |
Financial Liabilities at Fair Value through Profit or Loss | 20. Financial Liabilities at Fair Value through Profit or Loss 20.1 Details of financial liabilities at fair value through profit or loss and financial liabilities designated at fair value through profit or loss as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Financial liabilities at fair value through profit or loss Borrowed securities sold ₩ 2,826,885 ₩ 2,102,537 Others 112,699 90,673 2,939,584 2,193,210 Financial liabilities designated at fair value through profit or loss Derivative-linked securities 9,149,396 10,078,394 9,149,396 10,078,394 ₩ 12,088,980 ₩ 12,271,604 20.2 Difference between the amount contractually required to pay at maturity and carrying amount of financial liabilities designated at fair value through profit or loss as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Amount contractually required to pay at maturity ₩ 8,957,602 ₩ 9,973,340 Carrying amount 9,149,396 10,078,394 Difference ₩ (191,794 ) ₩ (105,054 ) |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2022 | |
Deposits from customers [abstract] | |
Deposits | 21. Deposits Details of deposits as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Demand deposits Demand deposits in Korean won ₩ 180,560,022 ₩ 152,079,457 Demand deposits in foreign currencies 15,955,246 12,844,385 196,515,268 164,923,842 Time deposits Time deposits in Korean won 155,799,563 194,117,692 155,799,563 194,117,692 Time deposits in foreign currencies 15,594,718 23,529,633 Fair value adjustments of fair value hedged time deposits in foreign currencies (1,319 ) (8,591 ) 15,593,399 23,521,042 171,392,962 217,638,734 Certificates of deposits 4,115,688 6,325,876 ₩ 372,023,918 ₩ 388,888,452 |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [abstract] | |
Borrowings | 22. Borrowings 22.1 Details of borrowings as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) General borrowings ₩ 40,859,845 ₩ 55,789,869 Bonds sold under repurchase agreements and others 14,374,863 11,773,494 Call money 1,677,666 4,154,003 ₩ 56,912,374 ₩ 71,717,366 22.2 Details of general borrowings as of December 31, 2021 and 2022, are as follows: Lenders Interest rate December 31, 2021 December 31, 2022 (In millions of Korean won) Borrowings in Korean won Borrowings from the Bank of Korea The Bank of Korea 0.25 ~ 1.75 ₩ 7,131,019 ₩ 8,282,289 Borrowings from the government SEMAS and others 0.00 ~ 3.23 2,683,056 2,670,867 Borrowings from banks Shinhan Bank and others 2.49 ~ 6.53 171,482 914,360 Borrowings from non-banking Korea Securities Finance Corporation and others 1.39 ~ 6.96 1,935,906 2,189,510 Other borrowings The Korea Development Bank and others 0.00 ~ 8.79 13,292,759 19,806,869 25,214,222 33,863,895 Borrowings in foreign currencies Due to banks Bank of China Seoul Branch and others — 2,143 18,266 Borrowings from banks Central Bank of Uzbekistan and others 0.00 ~ 14.00 13,396,379 16,296,725 Borrowings from other financial institutions The Export-Import Bank of Korea and others 5.07 ~ 5.89 24,867 38,249 Other borrowings Standard Chartered Bank and others 0.00 ~ 8.00 2,222,234 5,572,734 15,645,623 21,925,974 ₩ 40,859,845 ₩ 55,789,869 22.3 Details of bonds sold under repurchase agreements and others as of December 31, 2021 and 2022, are as follows: Lenders Interest rate December 31, December 31, 2021 December 31, 2022 (In millions of Korean won) Bonds sold under repurchase agreements Individuals, groups, and corporations 0.00~9.75 ₩ 14,372,761 ₩ 11,769,694 Bills sold Counter sale 1.55~2.00 2,102 3,800 ₩ 14,374,863 ₩ 11,773,494 22.4 Details of call money as of December 31, 2021 and 2022, are as follows: Lenders Interest rate December 31, December 31, 202 1 December 31, 202 2 (In millions of Korean won) Call money in Korean won Samsung Asset Management and others 2.90~5.05 ₩ 40,000 ₩ 2,943,500 Call money in foreign currencies BANK CIMB NIAGA and others 0.00~7.80 1,637,666 1,210,503 ₩ 1,677,666 ₩ 4,154,003 |
Debentures
Debentures | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Detailed Information About Debentures [Abstract] | |
Debentures | 23. Debentures 23.1 Details of debentures as of December 31, 2021 and 2022, are as follows: Interest rate December 31, December 31, 2021 December 31, 2022 (In millions of Korean won) Debentures in Korean won Structured debentures 5.65 ~ 8.62 ₩ 910 ₩ 710 Exchangeable bonds* 0.00 240,000 240,000 Subordinated fixed rate debentures 2.02 ~ 7.86 6,241,957 5,354,890 Fixed rate debentures 0.99 ~ 13.70 44,124,235 45,424,094 Floating rate debentures 1.54 ~ 6.36 6,893,782 5,455,000 57,500,884 56,474,694 Fair value adjustments of fair value hedged debentures in Korean won (79,877 ) (249,629 ) Less: Discount on debentures in Korean won (38,976 ) (29,166 ) Less: Adjustment for exchange right of exchangeable bonds in Korean won (11,719 ) (8,435 ) 57,370,312 56,187,464 Debentures in foreign currencies Floating rate debentures 2.42 ~ 5.98 2,749,174 2,168,341 Fixed rate debentures 0.05 ~ 12.00 7,312,966 10,482,244 10,062,140 12,650,585 Fair value adjustments of fair value hedged debentures in foreign currencies 27,953 (95,865 ) Less: Discount on debentures in foreign currencies (30,217 ) (43,981 ) 10,059,876 12,510,739 ₩ 67,430,188 ₩ 68,698,203 * Fair value of the liability component of exchangeable bonds is calculated by using market interest rate of bonds under the same conditions without the exchange right. The residual amount after deducting the liability component from the issuance amount, represents the value of the exchange right and is recorded in equity. Shares to be exchanged are 5 million treasury shares of KB Financial Group Inc. with the exchange price of ₩ 48,000. Exercise period for exchange right is from the 60th day of the issuance date to 10 days before the maturity date. 23.2 Changes in debentures based on par value for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Issue Repayment Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 1,960 ₩ — ₩ (1,050 ) ₩ — ₩ 910 Exchangeable bonds 240,000 — — — 240,000 Subordinated fixed rate debentures 4,834,407 1,409,000 (1,450 ) — 6,241,957 Fixed rate debentures 47,229,619 110,295,448 (113,400,832 ) — 44,124,235 Floating rate debentures 3,190,000 6,085,064 (2,381,282 ) — 6,893,782 55,495,986 117,789,512 (115,784,614 ) — 57,500,884 Debentures in foreign currencies Floating rate debentures 2,232,938 810,920 (500,901 ) 206,217 2,749,174 Fixed rate debentures 5,030,580 3,195,539 (1,224,070 ) 310,917 7,312,966 7,263,518 4,006,459 (1,724,971 ) 517,134 10,062,140 ₩ 62,759,504 ₩ 121,795,971 ₩ (117,509,585 ) ₩ 517,134 ₩ 67,563,024 2022 Beginning Issue Repayment Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 910 ₩ — ₩ (200 ) ₩ — ₩ 710 Exchangeable bonds 240,000 — — — 240,000 Subordinated fixed rate debentures 6,241,957 286,000 (1,173,067 ) — 5,354,890 Fixed rate debentures 44,124,235 96,782,415 (95,482,556 ) — 45,424,094 Floating rate debentures 6,893,782 5,350,000 (6,788,782 ) — 5,455,000 57,500,884 102,418,415 (103,444,605 ) — 56,474,694 Debentures in foreign currencies Floating rate debentures 2,749,174 1,286,016 (2,072,615 ) 205,766 2,168,341 Fixed rate debentures 7,312,966 3,940,693 (1,113,993 ) 342,578 10,482,244 10,062,140 5,226,709 (3,186,608 ) 548,344 12,650,585 ₩ 67,563,024 ₩ 107,645,124 ₩ (106,631,213 ) ₩ 548,344 ₩ 69,125,279 |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2022 | |
Additional provisions, other provisions [abstract] | |
Provisions | 24. Provisions 24.1 Details of provisions as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Provisions for credit losses of unused loan commitments ₩ 308,640 ₩ 342,182 Provisions for credit losses of acceptances and guarantees 121,104 153,529 Provisions for credit losses of financial guarantee contracts 5,351 2,955 Provisions for restoration costs 152,186 159,033 Others* 221,323 311,120 ₩ 808,604 ₩ 968,819 * Includes provisions for redemption-suspended funds. 24.2 Changes in provisions for credit losses of unused loan commitments, and acceptances and guarantees for the years ended December 31, 2021 and 2022, are as follows: 2021 Provisions for credit losses of unused loan commitments Provisions for credit losses of acceptances and guarantees 12-month Lifetime expected 12-month Lifetime expected Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 162,721 ₩ 127,463 ₩ 8,569 ₩ 33,088 ₩ 14,838 ₩ 14,328 Transfer between stages: Transfer to 12-month 38,831 (37,595 ) (1,236 ) 3,958 (203 ) (3,755 ) Transfer to lifetime expected credit losses (27,308 ) 28,203 (895 ) (3,973 ) 3,982 (9 ) Impairment (457 ) (1,002 ) 1,459 (10 ) (85 ) 95 Provision (reversal) for credit losses (22,543 ) 29,145 127 (7,425 ) 64,178 711 Business combination 813 — — — — — Others (exchange differences, etc.) 1,940 405 — 1,759 (540 ) 167 Ending ₩ 153,997 ₩ 146,619 ₩ 8,024 ₩ 27,397 ₩ 82,170 ₩ 11,537 2022 Provisions for credit losses of unused loan commitments Provisions for credit losses of acceptances and guarantees 12-month Lifetime expected 12-month Lifetime expected Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 153,997 ₩ 146,619 ₩ 8,024 ₩ 27,397 ₩ 82,170 ₩ 11,537 Transfer between stages: Transfer to 12-month 41,314 (40,375 ) (939 ) 1,144 (1,144 ) — Transfer to lifetime expected credit losses (19,232 ) 19,848 (616 ) (355 ) 1,016 (661 ) Impairment (338 ) (1,705 ) 2,043 (9 ) (142 ) 151 Provision (reversal) for credit losses 2,587 25,743 2,738 (1,689 ) 33,983 (3,262 ) Others (exchange differences, etc.) 1,557 937 (20 ) 418 2,841 134 Ending ₩ 179,885 ₩ 151,067 ₩ 11,230 ₩ 26,906 ₩ 118,724 ₩ 7,899 24.3 Changes in provisions for credit losses of financial guarantee contracts for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In millions of Korean won) Beginning ₩ 6,348 ₩ 5,351 Provision (reversal) (830 ) (2,396 ) Others (167 ) — Ending ₩ 5,351 ₩ 2,955 24.4 Changes in provisions for restoration costs for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In millions of Korean won) Beginning ₩ 151,696 ₩ 152,186 Provision 11,350 17,270 Reversal (2,075 ) 210 Used (15,739 ) (23,916 ) Unwinding of discount 1,589 2,725 Effect of changes in discount rate 5,365 10,558 Ending ₩ 152,186 ₩ 159,033 Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate are used to estimate the present value of estimated costs. 24.5 Changes in other provisions for the years ended December 31, 2021 and 2022, are as follows: 2021 Membership Dormant Litigations Others Total (In millions of Korean won) Beginning ₩ 19,501 ₩ 3,007 ₩ 40,517 ₩ 132,827 ₩ 195,852 Increase 77,384 3,429 18,670 71,972 171,455 Decrease (73,983 ) (3,374 ) (4,190 ) (64,614 ) (146,161 ) Others — — 171 6 177 Ending ₩ 22,902 ₩ 3,062 ₩ 55,168 ₩ 140,191 ₩ 221,323 2022 Membership Dormant Litigations Others Total (In millions of Korean won) Beginning ₩ 22,902 ₩ 3,062 ₩ 55,168 ₩ 140,191 ₩ 221,323 Increase 84 2,666 62,611 89,179 154,540 Decrease (22,940 ) (2,934 ) (4,252 ) (34,617 ) (64,743 ) Ending ₩ 46 ₩ 2,794 ₩ 113,527 ₩ 194,753 ₩ 311,120 |
Net Defined Benefit Liabilities
Net Defined Benefit Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of defined benefit plans [abstract] | |
Net Defined Benefit Liabilities | 25. Net Defined Benefit Liabilities 25.1 Defined Benefit Plan The Group operates defined benefit plans which have the following characteristics: • The Group has the obligation to pay the agreed benefits to all its current and former employees. • The Group assumes actuarial risk (that benefits will cost more than expected) and investment risk. The net defined benefit liabilities recognized in the consolidated statement of financial position are calculated by the independent actuary in accordance with actuarial valuation method. The defined benefit obligation is calculated using the projected unit credit method. Assumptions based on market data and historical data such as discount rate, future salary increase rate, mortality, and consumer price index are used which are updated annually. Actuarial assumptions may differ from actual results, due to changes in the market conditions, economic trends, and mortality trends which may affect net defined benefit liabilities and future payments. Actuarial gains and losses arising from changes in actuarial assumptions are recognized in the period incurred through other comprehensive income. 25.2 Changes in net defined benefit liabilities for the years ended December 31, 2021 and 2022, are as follows: 2021 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,491,923 ₩ (2,302,953 ) ₩ 188,970 Current service cost 241,448 — 241,448 Past service cost 451 — 451 Gains on settlement (4,311 ) — (4,311 ) Interest expense (income) 47,481 (44,560 ) 2,921 Remeasurements: Actuarial gains and losses by changes in demographic assumptions 27,611 — 27,611 Actuarial gains and losses by changes in financial assumptions 52,684 — 52,684 Actuarial gains and losses by experience adjustments (24,592 ) — (24,592 ) Return on plan assets (excluding amounts included in interest income) — 9,438 9,438 Contributions by the Group — (319,601 ) (319,601 ) Contributions by the employees — (17,574 ) (17,574 ) Payments from plans (settlement) (6,961 ) 6,944 (17 ) Payments from plans (benefit payments) (221,276 ) 221,274 (2 ) Payments from the Group (34,242 ) — (34,242 ) Transfer in 9,854 (9,292 ) 562 Transfer out (9,292 ) 9,292 — Effect of exchange differences 1,670 (47 ) 1,623 Effect of business acquisition and disposal 21 — 21 Others 48 — 48 Ending* ₩ 2,572,517 ₩ (2,447,079 ) ₩ 125,438 2022 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,572,517 ₩ (2,447,079 ) ₩ 125,438 Current service cost 249,099 — 249,099 Past service cost 3,669 — 3,669 Gains on settlement (1,859 ) — (1,859 ) Interest expense (income) 65,357 (62,872 ) 2,485 Remeasurements: Actuarial gains and losses by changes in demographic assumptions 33,078 — 33,078 Actuarial gains and losses by changes in financial assumptions (479,797 ) — (479,797 ) Actuarial gains and losses by experience adjustments 47,086 — 47,086 Return on plan assets (excluding amounts included in interest income) — 68,550 68,550 Contributions by the Group — (400,689 ) (400,689 ) Contributions by the employees — — — Payments from plans (settlement) (78 ) — (78 ) Payments from plans (benefit payments) (234,192 ) 232,994 (1,198 ) Payments from the Group (43,763 ) 494 (43,269 ) Transfer in 13,982 (13,285 ) 697 Transfer out (13,340 ) 13,299 (41 ) Effect of exchange differences 1,218 69 1,287 Effect of business acquisition and disposal 2,635 — 2,635 Others (282 ) — (282 ) Ending* ₩ 2,215,330 ₩ (2,608,519 ) ₩ (393,189 ) * The net defined benefit liabilities of ₩ 125,438 million is calculated by subtracting ₩ 100,083 million of net defined benefit assets from million of net defined benefit liabilities as of December 31, 2021. The net defined benefit assets of million is calculated by subtracting million of net defined benefit liabilities from million of net defined benefit assets as of December 31, 2022. 25.3 Details of net defined benefit liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Present value of defined benefit obligation ₩ 2,572,517 ₩ 2,215,330 Fair value of plan assets (2,447,079 ) (2,608,519 ) Net defined benefit liabilities ₩ 125,438 ₩ (393,189 ) 25.4 Details of post-employment benefits recognized in profit or loss for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Current service cost ₩ 233,273 ₩ 241,448 ₩ 249,099 Past service cost (16,197 ) 451 3,669 Net interest expense on net defined benefit liabilities 4,743 2,921 2,485 Gains on settlement (1,912 ) (4,311 ) (1,859 ) Post-employment benefits * ₩ 219,907 ₩ 240,509 ₩ 253,394 * Includes post-employment benefits amounting to ₩ 2,840 million, ₩ 3,194 million and ₩ 3,383 million recognized as other operating expenses for the years ended December 31, 2020, 2021, 2022 and ₩ 176 million and million recognized as prepayment for the years ended December 31, 2020 and 2022. 25.5 Details of remeasurements of net defined benefit liabilities recognized in other comprehensive income (loss) for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Remeasurements: Return on plan assets (excluding amounts included in interest income) ₩ (6,308 ) ₩ (9,438 ) ₩ (68,550 ) Actuarial gains and losses (11,676 ) (55,703 ) 399,633 Income tax effect 4,949 18,638 (91,150 ) Effect of exchange differences (399 ) 993 (231 ) Remeasurements after income tax expense ₩ (13,434 ) ₩ (45,510 ) ₩ 239,702 25.6 Details of fair value of plan assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,441,324 ₩ 2,441,324 Derivative instruments — 3,427 3,427 Investment fund — 2,328 2,328 ₩ — ₩ 2,447,079 ₩ 2,447,079 December 31, 2022 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,571,508 ₩ 2,571,508 Derivative instruments — 33,434 33,434 Investment fund — 3,577 3,577 ₩ — ₩ 2,608,519 ₩ 2,608,519 25.7 Details of significant actuarial assumptions used as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Discount rate (%) 1.80~2.70 4.90~5.20 Salary increase rate (%) 0.00~7.50 0.00~7.00 Turnover rate (%) 0.00~50.00 0.00~38.60 Mortality assumptions are based on the experience-based mortality table issued by Korea Insurance Development Institute in 2019. 25.8 Results of sensitivity analysis of significant actuarial assumptions as of December 31, 2022, are as follows: Changes in Effect on defined benefit obligation Increase in assumptions Decrease in assumptions Discount rate 0 %p 3.12% decrease 3.31% increase Salary increase rate 0 %p 3.27% increase 3.10% decrease Turnover rate 0 %p 0.14% increase 0.15% decrease The above sensitivity analysis is based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. The sensitivity of the defined benefit obligation to changes in significant actuarial assumptions is calculated using the same projected unit credit method used in calculating the defined benefit obligation recognized in the consolidated statement of financial position. 25.9 Expected maturity analysis of undiscounted pension benefit payments (including expected future benefit) as of December 31, 2022, are as follows: Up to 1 year 1~2 years 2~5 years 5~10 years Over 10 years Total (In millions of Korean won) Pension benefits * ₩211,591 ₩279,808 ₩849,878 ₩1,557,212 ₩7,553,530 ₩10,452,019 * Amount determined under the promotion compensation type defined contribution plan is excluded. The weighted average duration of the defined benefit obligation is 1 ~ 11 years . 25.10 Reasonable estimation of expected contribution to plan assets for the next annual reporting period after December 31, 2022 is 409,391 million. |
Other Liabilities
Other Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous liabilities [abstract] | |
Other Liabilities | 26. Other Liabilities Details of other liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Other financial liabilities Other payables ₩ 11,175,682 ₩ 11,730,583 Prepaid card and debit card payables 33,972 35,259 Accrued expenses 2,620,819 3,950,605 Financial guarantee contracts liabilities 52,603 46,467 Deposits for letter of guarantees and others 1,093,680 1,762,482 Domestic exchange settlement credits 5,125,430 1,738,489 Foreign exchange settlement credits 169,264 250,138 Due to trust accounts 7,033,849 5,808,446 Liabilities incurred from agency relationships 739,276 513,621 Account for agency business 423,798 241,910 Dividend payables 474 3,425 Lease liabilities 578,808 592,697 Others 446,747 31,124 29,494,402 26,705,246 Other non-financial Other payables 348,003 400,407 Unearned revenue 656,375 759,308 Accrued expenses 956,461 900,141 Deferred revenue on credit card points 214,053 243,131 Withholding taxes 164,333 228,119 Separate account liabilities 11,071,159 10,513,553 Others 225,696 390,460 13,636,080 13,435,119 ₩ 43,130,482 ₩ 40,140,365 |
Equity
Equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Equity | 27. Equity 27.1 Share Capital 27.1.1 Details of share capital as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Type of share Ordinary share Ordinary share (In millions of Korean won and in number of shares) Number of authorized shares 1,000,000,000 1,000,000,000 Par value per share (In Korean won) ₩ 5,000 ₩ 5,000 Number of issued shares 415,807,920 408,897,068 Share capital * ₩ 2,090,558 ₩ 2,090,558 * Due to the retirement of shares deducted through retained earnings, it is different from the total par value of the shares issued. 27.1.2 Changes in outstanding shares for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In number of shares) Beginning 389,634,335 389,634,335 Increase — — Decrease — — Ending 389,634,335 389,634,335 27.2 Hybrid Securities Details of hybrid securities classified as equity as of December 31, 2021 and 2022, are as follows: Hybrid securities Issuance date Maturity Interest rate (%) as of December 31, 2022 December 31, 2021 December 31, 2022 (In millions of Korean won) The 1-1 st May 2, 2019 Perpetual bond 3.23 ₩ 349,309 ₩ 349,309 The 1-2 nd May 2, 2019 Perpetual bond 3.44 49,896 49,896 The 2-1 st May 8, 2020 Perpetual bond 3.30 324,099 324,099 The 2-2 nd May 8, 2020 Perpetual bond 3.43 74,812 74,812 The 3-1 st Jul. 14, 2020 Perpetual bond 3.17 369,099 369,099 The 3-2 nd Jul. 14, 2020 Perpetual bond 3.38 29,922 29,922 The 4-1 st Oct. 20, 2020 Perpetual bond 3.00 433,996 433,996 The 4-2 nd Oct. 20, 2020 Perpetual bond 3.28 64,855 64,855 The 5-1 st Feb. 19, 2021 Perpetual bond 2.67 419,071 419,071 The 5-2 nd Feb. 19, 2021 Perpetual bond 2.87 59,862 59,862 The 5-3 rd Feb. 19, 2021 Perpetual bond 3.28 119,727 119,727 The 6-1 st May 28, 2021 Perpetual bond 3.20 165,563 165,563 The 6-2 nd May 28, 2021 Perpetual bond 3.60 109,708 109,708 The 7-1 st Oct. 8, 2021 Perpetual bond 3.57 208,468 208,468 The 7-2 nd Oct. 8, 2021 Perpetual bond 3.80 59,834 59,834 The 8-1 st Feb. 16, 2022 Perpetual bond 4.00 — 442,970 The 8-2 nd Feb. 16, 2022 Perpetual bond 4.30 — 155,626 The 9-1 st May 12, 2022 Perpetual bond 4.68 — 478,829 The 9-2 nd May 12, 2022 Perpetual bond 4.97 — 19,906 The 10-1 st Aug. 26, 2022 Perpetual bond 4.90 — 407,936 The 10-2 nd Aug. 26, 2022 Perpetual bond 5.15 — 70,819 The 10-3 rd Aug. 26, 2022 Perpetual bond 5.30 — 19,944 ₩ 2,838,221 ₩ 4,434,251 The above hybrid securities are early redeemable by the Group after 5 or 7 or 10 years from the issuance date. On the other hand, hybrid securities of ₩ 873,908 million issued by Kookmin Bank, hybrid securities of ₩ 82,679 million issued by KB Securities Co., Ltd. and hybrid securities of ₩ 49,800 million issued by KB Life Insurance Co., Ltd. are recognized as non-controlling 27.3 Capital Surplus Details of capital surplus as of December 31, 2021 and 2022, are as follows December 31, 2021 December 31, 2022 (In millions of Korean won) Paid-in ₩ 13,190,274 ₩ 13,190,274 Losses on sales of treasury shares (481,332 ) (481,332 ) Other capital surplus 4,219,356 4,219,856 Consideration for exchange right of exchangeable bonds 11,933 11,933 ₩ 16,940,231 ₩ 16,940,731 27.4 Accumulated Other Comprehensive Income Details of accumulated other comprehensive income as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (328,392 ) ₩ (88,768 ) Currency translation differences 96,534 253,815 Gains(losses) on financial instruments at fair value through other comprehensive income 918,927 (2,629,451 ) Share of other comprehensive loss of associates and joint ventures (2,980 ) (3,342 ) Gains(Losses) on cash flow hedging instruments (7,733 ) 23,741 Losses on hedging instruments of net investments in foreign operations (35,658 ) (114,743 ) Other comprehensive loss arising from separate account (55,116 ) (214,735 ) Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk 2,208 41,075 Gains on overlay adjustment 459,484 19,355 Assets of a disposal group held for sale 7,671 — ₩ 1,054,945 ₩ (2,713,053 ) 27.5 Retained Earnings Details of retained earnings as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Legal reserves 1 ₩ 695,347 ₩ 839,235 Voluntary reserves 982,000 982,000 Unappropriated retained earnings 2 23,995,468 26,625,278 ₩ 25,672,815 ₩ 28,446,513 1 With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches the aggregate amount of its paid-in 2 The regulatory reserve for credit losses the Group appropriated in retained earnings is ₩ 4,116,579 million and ₩ 4,355,734 million for the years ended December 31, 2021 and 2022, respectively. 27.6 Treasury Shares Changes in treasury shares for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares* 26,173,585 — — 26,173,585 Carrying amount ₩ 1,136,188 ₩ — ₩ — ₩ 1,136,188 2022 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares* 26,173,585 — (6,910,852 ) 19,262,733 Carrying amount ₩ 1,136,188 ₩ — ₩ (300,000 ) ₩ 836,188 * 5 million treasury shares are deposited at the Korea Securities Depository for the exchange of exchangeable bonds. |
Net Interest Income
Net Interest Income | 12 Months Ended |
Dec. 31, 2022 | |
Interest Revenue (Expense), Net [Abstract] | |
Net Interest Income | 28. Net Interest Income Details of interest income, interest expense, and net interest income for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Interest income Due from financial institutions measured at fair value through profit or loss ₩ 649 ₩ 1,723 ₩ 3,186 Securities measured at fair value through profit or loss 647,840 579,128 860,271 Loans measured at fair value through profit or loss 10,876 9,537 12,933 Securities measured at fair value through other comprehensive income 719,434 784,980 1,079,548 Loans measured at fair value through other comprehensive income 7,899 4,618 10,612 Due from financial institutions measured at amortized cost 92,155 66,375 157,913 Securities measured at amortized cost 627,201 765,656 1,120,608 Loans measured at amortized cost 12,177,822 12,745,780 17,191,116 Others 201,871 253,081 352,331 14,485,747 15,210,878 20,788,518 Interest expense Deposits 2,916,794 2,218,556 4,536,373 Borrowings 572,946 510,385 1,291,380 Debentures 1,186,310 1,169,708 1,640,773 Others 87,423 82,657 207,058 4,763,473 3,981,306 7,675,584 Net interest income ₩ 9,722,274 ₩ 11,229,572 ₩ 13,112,934 Interest income recognized on impaired |
Net Fee and Commission Income
Net Fee and Commission Income | 12 Months Ended |
Dec. 31, 2022 | |
Fee and commission income (expense) [abstract] | |
Net Fee and Commission Income | 29. Net Fee and Commission Income Details of fee and commission income, fee and commission expense, and net fee and commission income for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Fee and commission income Banking activity fees ₩ 189,100 ₩ 178,412 ₩ 180,749 Lending activity fees 91,663 82,184 80,700 Credit card and debit card related fees 1,378,450 1,526,911 1,491,666 Agent activity fees 196,518 205,206 243,740 Trust and other fiduciary fees 331,827 408,834 337,171 Fund management related fees 154,612 178,090 130,629 Acceptances and guarantees fees 54,108 49,782 66,827 Foreign currency related fees 173,313 245,299 285,380 Securities agency fees 172,097 174,709 124,771 Other business account commission on consignment 40,461 39,178 36,211 Commissions received on securities business 793,278 881,407 628,449 Lease fees 636,301 897,983 1,004,670 Others 315,296 455,611 510,557 4,527,024 5,323,606 5,121,520 Fee and commission expense Trading activity related fees * 38,497 54,857 44,200 Lending activity fees 33,444 42,981 42,086 Credit card and debit card related fees 848,823 831,724 815,252 Outsourcing related fees 216,962 210,480 255,899 Foreign currency related fees 49,435 51,931 75,078 Others 380,924 506,050 567,373 1,568,085 1,698,023 1,799,888 Net fee and commission income ₩ 2,958,939 ₩ 3,625,583 ₩ 3,321,632 * Fees from financial instruments at fair value through profit or loss |
Net Gains or Losses on Financia
Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss | 12 Months Ended |
Dec. 31, 2022 | |
Net Gains Or Losses On Financial Assets Liabilities At Fair Value Through Profit Or Loss [Abstract] | |
Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss | 30. Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss 30.1 Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss Net gains or losses on financial instruments at fair value through profit or loss include dividend income, gains or losses arising from changes in fair value, and gains or losses arising from sales and redemptions. Details of net gains or losses on financial instruments at fair value through profit or loss for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss: Debt securities ₩ 2,061,505 ₩ 1,804,112 ₩ 2,045,436 Equity securities 725,072 733,823 494,723 2,786,577 2,537,935 2,540,159 Derivatives held for trading: Interest rate 2,632,246 4,820,712 11,772,927 Currency 8,335,594 7,492,806 15,020,553 Stock or stock index 2,808,284 1,603,501 1,983,900 Credit 28,434 20,147 78,638 Commodity 18,097 21,864 33,576 Others 231,901 145,879 101,097 14,054,556 14,104,909 28,990,691 Financial liabilities at fair value through profit or loss 28,160 72,585 114,525 Other financial instruments 689 6,753 252 16,869,982 16,722,182 31,645,627 Losses on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss: Debt securities 1,040,285 1,280,960 2,733,891 Equity securities 444,554 426,431 546,036 1,484,839 1,707,391 3,279,927 Derivatives held for trading: Interest rate 2,687,114 4,669,893 10,747,221 Currency 8,191,456 7,422,604 15,160,772 Stock or stock index 2,558,205 1,604,027 2,482,044 Credit 19,213 14,051 68,324 Commodity 21,797 14,815 30,167 Others 253,406 175,411 323,704 13,731,191 13,900,801 28,812,232 Financial liabilities at fair value through profit or loss 153,227 80,790 63,571 Other financial instruments 116 6,839 205 15,369,373 15,695,821 32,155,935 Net gains(loss) on financial instruments at fair value through profit or loss ₩ 1,500,609 ₩ 1,026,361 ₩ (510,308 ) 30.2 Net Gains or Losses on Financial Instruments Designated at Fair Value through Profit or Loss Net gains or losses on financial instruments designated at fair value through profit or loss include gains or losses arising from changes in fair value, and gains or losses arising from sales and redemptions. Details of net gains or losses on financial instruments designated at fair value through profit or loss for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss ₩ 654,045 ₩ 623,929 ₩ 1,186,908 654,045 623,929 1,186,908 Losses on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss 1,143,288 654,986 429,243 1,143,288 654,986 429,243 Net gains(losses) on financial instruments designated at fair value through profit or loss ₩ (489,243 ) ₩ (31,057 ) ₩ 757,665 |
Net Other Operating Income and
Net Other Operating Income and Expenses | 12 Months Ended |
Dec. 31, 2022 | |
Other Operating Income And Expenses [Abstract] | |
Net Other Operating Income and Expenses | 31. Net Other Operating Income and Expenses Details of other operating income and expenses for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Other operating income Gains on financial instruments at fair value through other comprehensive income: Gains on redemption of financial instruments at fair value through other comprehensive income ₩ 351 ₩ 2 ₩ 24 Gains on disposal of financial instruments at fair value through other comprehensive income 304,217 126,710 24,735 304,568 126,712 24,759 Gains on financial assets at amortized cost: Gains on sale of loans measured at amortized cost 180,038 136,620 83,552 Gains on redemption of securities measured at amortized cost — 126 — Gains on disposal of securities measured at amortized cost 229 41 110 180,267 136,787 83,662 Gains on loans measured at fair value through other comprehensive income: Gains on sale of loans measured at fair value through other comprehensive income — 226 — — 226 — Gains on hedge accounting — 386,398 858,305 Gains on foreign exchange transactions 3,634,987 3,878,089 11,514,706 Dividend income 45,125 33,805 36,675 Others 591,798 367,177 498,412 4,756,745 4,929,194 13,016,519 Other operating expenses Losses on financial instruments at fair value through other comprehensive income: Losses on redemption of financial instruments at fair value through other comprehensive income 320 2,172 3,049 Losses on disposal of financial instruments at fair value through other comprehensive income 19,159 222,512 258,505 19,479 224,684 261,554 Losses on financial assets at amortized cost: Losses on sale of loans measured at amortized cost 16,061 14,669 78,089 Losses on redemption of securities measured at amortized cost — 6 — Losses on disposal of securities measured at amortized cost 6,513 2 — 22,574 14,677 78,089 Losses on hedge accounting — 473,091 877,512 Losses on foreign exchange transactions 3,530,618 3,570,783 11,173,168 Deposit insurance fee 507,621 550,677 598,548 Credit guarantee fund fee 242,216 263,297 283,912 Depreciation expenses of operating lease assets 423,684 602,908 682,783 Others 1,510,483 1,152,644 1,426,744 6,256,675 6,852,761 15,382,310 Net other operating expenses ₩ (1,499,930 ) ₩ (1,923,567 ) ₩ (2,365,791 ) |
General and Administrative Expe
General and Administrative Expenses | 12 Months Ended |
Dec. 31, 2022 | |
General And Administrative Expense [Abstract] | |
Disclosure of general and administrative expense [text block] | 32. General and Administrative Expenses 32.1 Details of general and administrative expenses for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Expenses related to employee Employee benefits—salaries ₩ 2,789,201 ₩ 3,007,439 ₩ 3,070,840 Employee benefits—others 871,014 927,665 988,778 Post-employment benefits—defined benefit plans 216,891 237,315 249,874 Post-employment benefits—defined contribution plans 37,328 37,731 45,655 Termination benefits 361,098 322,970 319,794 Share-based payments 49,364 101,935 58,275 4,324,896 4,635,055 4,733,216 Depreciation and amortization 874,911 850,614 878,841 Other general and administrative expenses Rental expense 116,325 112,902 121,577 Tax and dues 260,071 268,383 310,853 Communication 53,596 60,221 63,871 Electricity and utilities 32,298 36,565 35,987 Publication 13,988 13,417 11,991 Repairs and maintenance 32,448 53,218 56,221 Vehicle 14,314 16,901 19,815 Travel 12,251 13,271 23,585 Training 27,610 34,056 36,890 Service fees 238,787 260,298 264,854 Electronic data processing expenses 280,773 314,511 397,315 Advertising 236,618 210,187 227,991 Others 295,926 321,254 354,795 1,615,005 1,715,184 1,925,745 ₩ 6,814,812 ₩ 7,200,853 ₩ 7,537,802 32.2 Share-based Payments 32.2.1 Stock grants The Group changed the scheme of share-based payments awarded to executives and employees from stock options to stock grants in November 2007. The stock grants award program is an incentive plan that sets, on grant date, the maximum number of shares that can be awarded. Actual shares to be granted is determined in accordance with achievement of pre-set 32.2.1.1 Details of stock grants linked to long-term performance as of December 31, 2022, are as follows: Grant date Number of 1 Vesting conditions 2 (In number of shares) KB Financial Group Inc. Series 27 Jun. 16, 2020 184 Services fulfillment, m 3 non-market 4 Series 28 Nov. 21, 2020 68,135 Services fulfillment, m 3 non-market 5 Series 29 Jan. 1, 2021 79,840 Services fulfillment, m 3 non-market 4 Series 30 Apr. 1, 2021 3,069 Services fulfillment, mark 3 non-market 4 Series 33 Jan. 1, 2022 62,991 Services fulfillment, mark 3 non-market 4 Series 34 Feb. 1, 2022 654 Services fulfillment, mark 3 non-market 4 Series 35 May. 27, 2022 6,126 Services fulfillment, mark 3 non-market 4 Deferred grant in 2015 4,243 Satisfied Deferred grant in 2016 3,533 Satisfied Deferred grant in 2017 1,127 Satisfied Deferred grant in 2018 1,766 Satisfied Deferred grant in 2019 7,598 Satisfied Deferred grant in 2020 27,956 Satisfied Deferred grant in 2021 27,204 Satisfied 294,426 Kookmin Bank Series 80 Mar. 1, 2020 7,982 Services fulfillment, market performa 3 non-market 4 Series 81 Jan. 1, 2021 139,783 Services fulfillment, market performan 3 non-market 4 Series 83 Apr. 1, 2021 15,278 Services fulfillment, market performa 3 non-market 4 Series 85 Jan. 1, 2022 292,777 Services fulfillment, market performan 3 non-market 4 Services fulfillment, market performa 3 6 Series 86 Feb. 1, 2022 1,525 Services fulfillment, market perfor 3 non-market 4 Series 87 Mar. 1, 2022 2,599 Services fulfillment, market performa 3 non-market 4 Grant date Number of granted shares 1 Vesting conditions 2 (In number of shares) Series 88 Mar. 14, 2022 5,884 Services fulfillment, market performanc 3 non-market 4 Series 89 May 26, 2022 2,363 Services fulfillment, market performa 3 non-market 4 Series 90 Jul. 18, 2022 4,131 Services fulfillment, market performan 3 non-market 4 Series 91 Aug. 24, 2022 7,277 Services fulfillment, market perform 3 non-market 4 Deferred grant in 2016 2,426 Satisfied Deferred grant in 2017 4,582 Satisfied Deferred grant in 2018 2,287 Satisfied Deferred grant in 2019 32,756 Satisfied Deferred grant in 2020 53,502 Satisfied Deferred grant in 2021 156,939 Satisfied 732,091 Other subsidiaries Stock granted in 2010 106 Services fulfillme 3 non-market 4 Stock granted in 2011 146 Stock granted in 2012 420 Stock granted in 2013 544 Stock granted in 2014 1,028 Stock granted in 2015 2,374 Stock granted in 2016 3,749 Stock granted in 2017 14,006 Stock granted in 2018 26,572 Stock granted in 2019 42,273 Stock granted in 2020 165,810 Stock granted in 2021 501,365 Stock granted in 2022 249,267 1,007,660 2,034,177 1 Granted shares represent the total number of shares initially granted to executives and employees who have residual shares as of December 31, 2022 (Deferred grants are residual shares vested as of December 31, 2022). 2 Executives and employees were given the right of choice about the timing of the deferred payment 3 Relative TSR (Total Shareholder Return): [(Fair value at the end of the contract—Fair value at the beginning of the contract) + (Total amount of dividend per share paid during the contract period)] / Fair value at the beginning of the contract 4 Performance results of company and employee 5 EPS (Earnings Per Share), Asset Quality, HCROI (Human Capital Return on Investment), Profit from non-banking 6 EPS, Asset Quality 32.2.1.2 Details of stock grants linked to short-term performance as of December 31, 2022, are as follows: Estimated number of vested shares * Vesting conditions (In number of shares) KB Financial Group Inc. Stock granted in 2015 3,725 Satisfied Stock granted in 2016 4,223 Satisfied Stock granted in 2017 1,401 Satisfied Stock granted in 2018 760 Satisfied Stock granted in 2019 9,354 Satisfied Stock granted in 2020 22,586 Satisfied Stock granted in 2021 35,497 Satisfied Stock granted in 2022 46,898 Proportional to service period Kookmin Bank Stock granted in 2015 1,292 Satisfied Stock granted in 2016 4,875 Satisfied Stock granted in 2017 1,998 Satisfied Stock granted in 2018 2,109 Satisfied Stock granted in 2019 41,737 Satisfied Stock granted in 2020 89,888 Satisfied Stock granted in 2021 130,331 Satisfied Stock granted in 2022 134,402 Proportional to service period Other subsidiaries Stock granted in 2015 5,762 Satisfied Stock granted in 2016 25,831 Satisfied Stock granted in 2017 46,223 Satisfied Stock granted in 2018 99,594 Satisfied Stock granted in 2019 243,130 Satisfied Stock granted in 2020 433,210 Satisfied Stock granted in 2021 610,167 Satisfied Stock granted in 2022 324,412 Proportional to service period 2,319,405 * Executives and employees were given the right of choice about the timing of the deferred payment (after the date of retirement), payment ratio, and payment period. Accordingly, a certain percentage of the granted shares is deferred for up to five years after the date of retirement after the deferred grant has been confirmed. 32.2.1.3 Stock grants are measured at fair value using the MonteCarlo simulation model and assumptions used in measuring the fair value as of December 31, 2022, are as follows: Risk-free Fair value Fair value (non-market (In Korean won) Linked to long-term performance (KB Financial Group Inc.) Series 27 3.78 — 43,157~46,663 Series 28 3.78 35,289~39,662 41,704~46,873 Series 29 3.78 40,757~48,322 43,157~50,973 Series 30 3.78 38,805~43,583 41,548~46,663 Series 33 3.78 37,409~45,666 41,548~50,973 Series 34 3.78 35,486~39,839 39,958~44,859 Series 35 3.78 38,247~42,939 39,958~44,859 Deferred grant in 2015 3.78 — 43,157~50,973 Deferred grant in 2016 3.78 — 46,663~50,973 Deferred grant in 2017 3.78 — 50,973 Deferred grant in 2018 3.78 — 46,663~50,973 Deferred grant in 2019 3.78 — 50,973 Deferred grant in 2020 3.78 — 43,157~50,973 Deferred grant in 2021 3.78 — 44,859~50,973 (Kookmin Bank) Series 80 3.78 43,157~50,973 43,157~50,973 Series 81 3.78 35,905~41,289 43,157~50,973 Series 83 3.78 38,660~43,583 41,548~46,663 Series 85 3.78 33,668~37,813 41,548~46,663 Series 86 3.78 35,486~39,839 39,958~44,859 Series 87 3.78 38,957~46,013 43,157~50,973 Series 88 3.78 37,288~41,862 39,958~44,859 Series 89 3.78 40,943~48,358 43,157~50,973 Series 90 3.78 39,554~44,405 39,958~44,859 Series 91 3.78 37,840~42,481 39,958~44,859 Grant deferred in 2016 3.78 — 46,663~50,973 Grant deferred in 2017 3.78 — 46,663~50,973 Grant deferred in 2018 3.78 — 46,663~50,973 Grant deferred in 2019 3.78 — 50,973 Grant deferred in 2020 3.78 — 46,663~50,973 Grant deferred in 2021 3.78 — 44,859~50,973 (Other subsidiaries) Stock granted in 2010 3.78 — 44,859 Stock granted in 2011 3.78 — 44,859 Stock granted in 2012 3.78 — 44,859~46,663 Stock granted in 2013 3.78 — 44,859~46,663 Stock granted in 2014 3.78 — 46,663 Stock granted in 2015 3.78 — 41,548~50,973 Stock granted in 2016 3.78 — 44,859~56,379 Stock granted in 2017 3.78 — 41,548~61,294 Stock granted in 2018 3.78 — 39,958~56,379 Stock granted in 2019 3.78 — 38,393~56,379 Risk-free Fair value Fair value (non-market (In Korean won) Linked to long-term performance Stock granted in 2020 3.78 43,157~50,973 39,958~56,379 Stock granted in 2021 3.78 39,042~50,651 41,548~56,379 Stock granted in 2022 3.78 35,286~49,647 39,958~62,269 Linked to short-term performance (KB Financial Group Inc.) Stock granted in 2015 3.78 — 43,157~50,973 Stock granted in 2016 3.78 — 38,393~50,973 Stock granted in 2017 3.78 — 46,663~50,973 Stock granted in 2018 3.78 — 46,663~50,973 Stock granted in 2019 3.78 — 50,973 Stock granted in 2020 3.78 — 43,157~50,973 Stock granted in 2021 3.78 — 44,859~50,973 Stock granted in 2022 3.78 — 43,157~50,973 (Kookmin Bank) Stock granted in 2015 3.78 — 46,663~50,973 Stock granted in 2016 3.78 — 44,859~50,973 Stock granted in 2017 3.78 — 46,663~50,973 Stock granted in 2018 3.78 — 0~56,379 Stock granted in 2019 3.78 — 45,096~56,379 Stock granted in 2020 3.78 — 46,663~56,379 Stock granted in 2021 3.78 — 44,859~50,973 Stock granted in 2022 3.78 — 39,958~46,663 (Other subsidiaries) Stock granted in 2015 3.78 — 41,548~50,973 Stock granted in 2016 3.78 — 41,548~50,973 Stock granted in 2017 3.78 — 39,958~50,973 Stock granted in 2018 3.78 — 38,393~56,379 Stock granted in 2019 3.78 — 38,393~56,379 Stock granted in 2020 3.78 — 41,548~56,379 Stock granted in 2021 3.78 — 41,548~50,973 Stock granted in 2022 3.78 — 39,958~56,379 The Group uses the volatility of the stock price over the previous year as the expected volatility, and uses the arithmetic mean of the price-dividend ratio of one year before, two years before, and three years before the base year as the dividend yield and uses one-year 32.2.1.4 The accrued expenses for share-based payments related to stock grants are ₩ 193,023 million and ₩ 186,908 million as of December 31, 2021 and 2022, respectively, and the compensation costs amounting to ₩ 101,897 million and ₩ 58,340 million were recognized for the years ended December 31, 2021 and 2022, respectively. 32.2.2 Mileage stock 32.2.2.1 Details of mileage stock as of December 31, 2022, are as follows: Grant date Number of granted shares 1 Expected exercise 2 Remaining (In number of shares) Stock granted in 2019 Nov. 1, 2019 119 0.00 48 Nov. 8, 2019 14 0.00 6 Dec. 6, 2019 84 0.00 50 Dec. 5, 2019 56 0.00 41 Dec. 31, 2019 87 0.00 43 Stock granted in 2020 Jan. 18, 2020 28,645 0.00~0.05 15,541 May 12, 2020 46 0.00~0.36 43 Jun. 30, 2020 206 0.00~0.50 147 Aug. 26, 2020 40 0.00~0.65 27 Oct. 29, 2020 160 0.00~0.83 107 Nov. 6, 2020 45 0.00~0.85 37 Nov. 30, 2020 35 0.00~0.92 34 Dec. 2, 2020 57 0.00~0.92 44 Dec. 4, 2020 154 0.00~0.93 110 Dec. 30, 2020 88 0.00~1.00 64 Stock granted in 2021 Jan. 15, 2021 28,156 0.00~1.04 18,712 Apr. 5, 2021 89 0.00~1.26 53 Jul. 1, 2021 54 0.00~1.50 54 Jul. 2, 2021 11 0.00~1.50 11 Jul. 27, 2021 70 0.00~1.57 63 Nov. 1, 2021 71 0.00~1.84 71 Nov. 16, 2021 53 0.00~1.88 48 Dec. 6, 2021 87 0.00~1.93 87 Dec. 3, 2021 91 0.00~1.92 89 Dec. 30, 2021 76 0.00~2.00 76 Stock granted in 2022 Jan. 14, 2022 20,909 0.00~2.04 19,864 Apr. 4, 2022 65 0.00~2.26 65 Apr. 19, 2022 33 0.00~2.30 33 Jul. 1, 2022 62 0.00~2.50 62 Aug. 3, 2022 62 0.00~2.59 62 Aug. 9, 2022 80 0.00~2.61 76 Oct. 19, 2022 55 0.00~2.80 55 Nov. 1, 2022 177 0.00~2.84 177 Dec. 1, 2022 49 0.00~2.92 49 Dec. 12, 2022 114 0.00~2.95 114 Dec. 6, 2022 88 0.00~2.93 88 Dec. 2, 2022 42 0.00~2.92 42 Dec. 15, 2022 42 0.00~2.96 42 Dec. 30, 2022 114 0.00~3.00 114 80,486 56,449 1 Mileage stock is exercisable for two years after one year from the grant date at the closing price of the end of the previous month. However, mileage stock can be exercised at the closing price of the end of the previous month on the date of occurrence of retirement or transfer despite a one-year 2 Assessed based on the stock price as of December 31, 2022. These shares are vested immediately at grant date. 32.2.2.2 The accrued expenses for share-based payments related to mileage stock are ₩ 3,465 million and ₩ 2,738 million as of December 31, 2021 and 2022, respectively. The compensation costs amounting to ₩ 2,116 million and ₩ 870 million were recognized as expenses for the years ended December 31, 2021 and 2022, respectively. 32.2.3 Long-term share-based payments The Group calculates the short-term performance bonus of executives of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) based on the result of performance evaluation as of the grant date and defers the bonus for three years and pays it in cash 32.2.3.1 Details of long-term share-based payments as of December 31, 2022, are as follows: Grant date Vested shares Expected exercise period (years) Vesting condition (In number of shares) Granted in 2020 2020 13,402 1.00 Services fulfillment 32.2.3.2 Long-term share-based payments are measured at fair value using the MonteCarlo simulation model and assumptions used in measuring the fair value as of December 31, 2022, are as follows: Risk-free Fair value (market performance condition) Fair value (non-market performance (In Korean won) Granted in 2020 3.78 — 46,663 The Group uses the volatility of the stock price over the previous year as the expected volatility, and uses the arithmetic mean of the price-dividend ratio of one year before, two years before, and three years before the base year as the dividend yield and uses one-year 32.2.3.3 The accrued expenses for long-term share-based payments are ₩ 690 million and ₩ 625 million as of December 31, 2021 and 2022, respectively. The compensation costs amounting to ₩ 38 million and ₩ 65 million were recognized as expenses for the years ended December 31, 2021 and 2022, respectively. |
Net Other Non-Operating Income
Net Other Non-Operating Income and Expenses | 12 Months Ended |
Dec. 31, 2022 | |
Other Nonoperating Income Expense [Abstract] | |
Net Other Non-Operating Income and Expenses | 33. Net Other Non-Operating Details of other non-operating 2020 2021 2022 (In millions of Korean won) Other non-operating Gains on disposal of property and equipment ₩ 111,132 ₩ 9,045 ₩ 155,177 Rental income 113,075 34,791 26,176 Gains on a bargain purchase 145,067 288 — Others 96,931 81,210 284,060 466,205 125,334 465,413 Other non-operating Losses on disposal of property and equipment 11,945 6,552 2,164 Donation 113,083 103,647 94,771 Restoration costs 5,043 3,436 2,750 Management cost for written-off 3,018 4,054 4,296 Others 143,726 117,182 175,903 276,815 234,871 279,884 Net other non-operating ₩ 189,390 ₩ (109,537 ) ₩ 185,529 |
Income Tax Expense
Income Tax Expense | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Income Tax Expense | 34. Income Tax Expense 34.1 Details of income tax expense for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Income tax payable Current income tax expense ₩ 1,099,171 ₩ 1,571,947 ₩ 1,972,104 Adjustments of income tax of prior years recognized in current tax (13,434 ) 7,952 (122,385 ) 1,085,737 1,579,899 1,849,719 Changes in deferred income tax assets and liabilities* 326,918 214,660 (1,540,280 ) Income tax recognized directly in equity and others Remeasurements of net defined benefit liabilities 4,949 18,638 (91,150 ) Currency translation differences 14,988 (15,675 ) (15,059 ) Net gains or losses on financial assets at fair value through other comprehensive income (88,907 ) (71,421 ) 1,291,023 Share of other comprehensive income or loss of associates and joint ventures 2,976 (7 ) 44 Gains or losses on cash flow hedging instruments 7,580 (21,534 ) (26,930 ) Gains or losses on hedging instruments of net investments in foreign operations (24,500 ) 25,599 24,936 Other comprehensive income or loss arising from separate account 3,671 24,206 56,765 Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk (3,350 ) (5,202 ) (14,009 ) Net gains or losses on overlay adjustment (61,637 ) (46,834 ) 167,741 Consideration for exchange right of exchangeable bonds (4,526 ) — — (148,756 ) (92,230 ) 1,393,361 Others 495 (5,104 ) (80,413 ) Income tax expense ₩ 1,264,394 ₩ 1,697,225 ₩ 1,622,387 * Due to amendments of tax laws at the end of 2022, the effect of corporate tax rate change is reflected in deferred income tax assets and liabilities that are expected to be realized after December 31, 2022. 34.2 Analysis of the relationship between net profit before income tax expense and income tax expense for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 Tax rate Amount Tax rate Amount Tax rate Amount (In millions of Korean won) Profit before income tax expense ₩ 4,779,972 ₩ 6,081,606 ₩ 5,795,626 Income tax at the applicable tax rate* 27.28 1,304,130 27.33 1,662,080 27.32 1,583,435 Non-taxable (1.55 ) (73,855 ) (0.67 ) (40,708 ) (1.21 ) (70,105 ) Non-deductible 0.35 16,541 0.42 25,739 0.39 22,661 Tax credit and tax exemption (0.08 ) (4,016 ) (0.01 ) (361 ) (0.04 ) (2,380 ) Temporary difference for which no deferred tax is recognized 0.47 22,189 0.08 5,065 2.34 135,694 Changes in recognition and measurement of deferred tax 0.24 11,616 0.10 5,997 0.85 49,262 Income tax refund for tax of prior years (0.46 ) (22,139 ) (0.23 ) (13,953 ) (2.39 ) (138,314 ) Income tax expense of overseas branches 0.23 10,739 0.31 18,571 0.54 31,270 Tax rate change effect — — 0.19 10,726 Others (0.02 ) (811 ) 0.57 34,795 0.00 138 Average effective tax rate and income tax expense 26.45 ₩ 1,264,394 27.91 ₩ 1,697,225 27.99 ₩ 1,622,387 * |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2022 | |
Dividends [Abstract] | |
Dividends | 35. Dividends The annual dividends to the shareholders of the Parent Company for the year ended December 31, 2021, amounting to ₩ 853,299 million (₩ 2,190 per share) were declared at the annual general shareholders’ meeting on March 25, 2022 and paid in April 11, 2022. According to the resolution of the board of directors on April 22, 2022, the quarterly dividend amounting to ₩ 194,817 million (₩ 500 per share) with dividend record date of March 31, 2022 were paid on May 9, 2022; according to the resolution of the board of directors on July 21, 2022, the quarterly dividend amounting to ₩ 194,817 million (₩ 500 per share) with dividend record date of June 30, 2022 were paid on August 9, 2022; and according to the resolution of the board of directors on October 25, 2022, the quarterly dividend amounting to ₩ 194,817 million (₩ 500 per share) with dividend record date of September 30, 2022 were paid on November 10, 2022. The annual dividends to the shareholders of the Parent Company for the year ended December 31, 2022, amounting to ₩ 564,970 million (₩ 1,450 per share) was and approved Meanwhile, the annual dividends and quarterly dividends paid in 2021 were ₩ 689,653 million (₩ 1,770 per share) and ₩ 292,226 million (₩ 750 per share), respectively. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of analysis of other comprehensive income by item [abstract] | |
Accumulated Other Comprehensive Income (Loss) | 36. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Changes Reclassification Transfer within Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (282,650 ) ₩ (64,380 ) ₩ — ₩ — ₩ 18,638 ₩ (328,392 ) Currency translation differences (131,113 ) 248,998 1,995 (7,671 ) (15,675 ) 96,534 Gains on financial instruments at fair value through other comprehensive income 717,230 (62,043 ) 20,537 314,624 (71,421 ) 918,927 Share of other comprehensive income (loss) of associates and joint ventures (3,529 ) 3,276 (2,720 ) — (7 ) (2,980 ) Losses on cash flow hedging instruments (28,597 ) 95,478 (53,080 ) — (21,534 ) (7,733 ) Gains (losses) on hedging instruments of net investments in foreign operations 22,277 (88,729 ) 5,195 — 25,599 (35,658 ) Other comprehensive income (loss) arising from separate account 8,698 (81,601 ) (6,419 ) — 24,206 (55,116 ) Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk (11,507 ) 18,917 — — (5,202 ) 2,208 Gains on overlay adjustment 339,202 257,574 (90,458 ) — (46,834 ) 459,484 Assets of a disposal group held for sale — — — 7,671 — 7,671 ₩ 630,011 ₩ 327,490 ₩ (124,950 ) ₩ 314,624 ₩ (92,230 ) ₩ 1,054,945 2022 Beginning Changes Reclassification Transfer within equity Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (328,392 ) ₩ 330,774 ₩ — ₩ — ₩ (91,150 ) ₩ (88,768 ) Currency translation differences 96,534 172,340 — — (15,059 ) 253,815 Gains (losses) on financial instruments at fair value through other comprehensive income 918,927 (4,830,635 ) 326,437 (335,203 ) 1,291,023 (2,629,451 ) Share of other comprehensive income (loss) of associates and joint ventures (2,980 ) (406 ) — — 44 (3,342 ) Gains (losses) on cash flow hedging instruments (7,733 ) 71,692 (13,288 ) — (26,930 ) 23,741 Gains (losses) on hedging instruments of net investments in foreign operations (35,658 ) (104,021 ) — — 24,936 (114,743 ) Other comprehensive income (loss) arising from separate account (55,116 ) (225,426 ) 9,042 — 56,765 (214,735 ) Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk 2,208 52,876 — — (14,009 ) 41,075 Gains (losses) on overlay adjustment 459,484 (526,085 ) (81,785 ) — 167,741 19,355 Assets of a disposal group held for sale 7,671 (7,671 ) — — — — ₩ 1,054,945 ₩ (5,066,562 ) ₩ 240,406 ₩ (335,203 ) ₩ 1,393,361 ₩ (2,713,053 ) |
Earnings per Share
Earnings per Share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Earnings per Share | 37. Earnings per Share 37.1 Basic Earnings per Share Basic earnings per share is calculated by dividing profit attributable to ordinary equity holders of the Parent Company by the weighted average number of ordinary shares outstanding. 37.1.1 Weighted average number of ordinary shares outstanding 2020 2021 2022 Number of shares Accumulated Number of shares Accumulated Number of shares Accumulated (In number of shares) Number of issued ordinary shares 415,807,920 152,185,698,720 415,807,920 151,769,890,800 408,897,068 150,138,929,728 Number of treasury shares* (26,173,585 ) (9,579,532,110 ) (26,173,585 ) (9,553,358,525 ) (19,262,733 ) (7,922,397,453 ) Average number of ordinary shares outstanding 389,634,335 142,606,166,610 389,634,335 142,216,532,275 389,634,335 142,216,532,275 Number of days 366 365 365 Weighted average number of ordinary shares outstanding 389,634,335 389,634,335 389,634,335 * The number of treasury shares have excluded the initial redemption of treasury shares from February 14, 2022, and the 2nd redemption from August 1, 2022. 37.1.2 Basic earnings per share 2020 2021 2022 (In Korean won and in number of shares) Profit attributable to shareholders of the Parent Company ₩ 3,468,447,701,501 ₩ 4,409,543,288,213 ₩ 4,394,828,402,454 Deduction: Dividends on hybrid securities (22,859,500,000 ) (71,537,500,000 ) (126,402,175,000 ) Profit attributable to ordinary equity holders of the Parent Company (A) 3,445,588,201,501 4,338,005,788,213 4,268,426,227,454 Weighted average number of ordinary shares outstanding (B) 389,634,335 389,634,335 389,634,335 Basic earnings per share (A/B) ₩ 8,843 ₩ 11,134 ₩ 10,955 37.2 Diluted Earnings per Share Diluted earnings per share is calculated through increasing the weighted average number of ordinary shares outstanding by the weighted average number of additional ordinary shares that would have been outstanding assuming the conversion of all dilutive potential ordinary shares. The Group has dilutive potential ordinary shares such as stock grants and ordinary share exchange right of exchangeable bonds. A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. Exchangeable bonds are included in potential ordinary shares from the exercisable date of the exchange right, and interest expense after tax for the period is added to profit for diluted earnings per share. 37.2.1 Adjusted profit for diluted earnings per share 2020 2021 2022 (In Korean won) Profit attributable to shareholders of the Parent Company ₩ 3,468,447,701,501 ₩ 4,409,543,288,213 ₩ 4,394,828,402,454 Deduction: Dividends on hybrid securities (22,859,500,000 ) (71,537,500,000 ) (126,402,175,000 ) Profit attributable to ordinary equity holders of the Parent Company 3,445,588,201,501 4,338,005,788,213 4,268,426,227,454 Adjustments: Interest expense on exchangeable bonds 798,012,332 2,347,186,871 2,380,953,816 Adjusted profit for diluted earnings per share ₩ 3,446,386,213,833 ₩ 4,340,352,975,084 ₩ 4,270,807,181,270 37.2.2 Weighted average number of ordinary shares outstanding for diluted earnings per share 2020 2021 2022 (In number of shares) Weighted average number of ordinary shares outstanding 389,634,335 389,634,335 389,634,335 Adjustment: Stock grants 3,416,737 3,945,208 4,306,711 Exchangeable bonds 1,707,650 5,000,000 5,000,000 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 394,758,722 398,579,543 398,941,046 37.2.3 Diluted earnings per share 2020 2021 2022 (In Korean won and in number of shares) Adjusted profit for diluted earnings per share ₩ 3,446,386,213,833 ₩ 4,340,352,975,084 ₩ 4,270,807,181,270 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 394,758,722 398,579,543 398,941,046 Diluted earnings per share ₩ 8,730 ₩ 10,890 ₩ 10,705 |
Insurance Contracts
Insurance Contracts | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of types of insurance contracts [abstract] | |
Insurance Contracts | 38. Insurance Contracts 38.1 Insurance Assets 38.1.1 Details of deferred acquisition costs included in other assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Non-life ₩ 1,230,375 ₩ 1,430,461 Life insurance 345,831 479,700 ₩ 1,576,206 ₩ 1,910,161 38.1.2 Changes in deferred acquisition costs included in other assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 965,683 ₩ 965,735 ₩ (701,043 ) ₩ 1,230,375 Life insurance 205,289 258,653 (118,111 ) 345,831 ₩ 1,170,972 ₩ 1,224,388 ₩ (819,154 ) ₩ 1,576,206 2022 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 1,230,375 ₩ 1,060,160 ₩ (860,074 ) ₩ 1,430,461 Life insurance 345,831 292,579 (158,710 ) 479,700 ₩ 1,576,206 ₩ 1,352,739 ₩ (1,018,784 ) ₩ 1,910,161 38.1.3 Details of reinsurance assets included in other assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Non-life Reserve for outstanding claims: General insurance ₩ 879,936 ₩ 869,492 Automobile insurance 16,989 15,136 Long-term insurance 178,531 187,619 Unearned premium reserve: General insurance 262,020 262,817 Automobile insurance 5,575 1,078 1,343,051 1,336,142 Life insurance Reserve for outstanding claims 2,169 2,300 Unearned premium reserve 985 950 3,154 3,250 Others Reserve for outstanding claims 2,103 2,462 Unearned premium reserve 620 587 2,723 3,049 Total reinsurance assets 1,348,928 1,342,441 Less: Allowances for impairment losses (436 ) (4,054 ) ₩ 1,348,492 ₩ 1,338,387 38.1.4 Changes in reinsurance assets included in other assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Net increase Ending (In millions of Korean won) Non-life Reserve for outstanding claims: General insurance ₩ 732,579 ₩ 147,357 ₩ 879,936 Automobile insurance 14,916 2,073 16,989 Long-term insurance 156,234 22,297 178,531 Unearned premium reserve: General insurance 285,634 (23,614 ) 262,020 Automobile insurance 10,870 (5,295 ) 5,575 1,200,233 142,818 1,343,051 Life insurance Reserve for outstanding claims 2,081 88 2,169 Unearned premium reserve 951 34 985 3,032 122 3,154 Others Reserve for outstanding claims 2,427 (324 ) 2,103 Unearned premium reserve 895 (275 ) 620 3,322 (599 ) 2,723 Total reinsurance assets 1,206,587 142,341 1,348,928 Less: Allowances for impairment losses (879 ) 443 (436 ) ₩ 1,205,708 ₩ 142,784 ₩ 1,348,492 2022 Beginning Net increase Ending (In millions of Korean won) Non-life Reserve for outstanding claims: General insurance ₩ 879,936 ₩ (10,444 ) ₩ 869,492 Automobile insurance 16,989 (1,853 ) 15,136 Long-term insurance 178,531 9,088 187,619 Unearned premium reserve: General insurance 262,020 797 262,817 Automobile insurance 5,575 (4,497 ) 1,078 1,343,051 (6,909 ) 1,336,142 Life insurance Reserve for outstanding claims 2,169 131 2,300 Unearned premium reserve 985 (35 ) 950 3,154 96 3,250 Others Reserve for outstanding claims 2,103 359 2,462 Unearned premium reserve 620 (33 ) 587 2,723 326 3,049 Total reinsurance assets 1,348,928 (6,487 ) 1,342,441 Less: Allowances for impairment losses (436 ) (3,618 ) (4,054 ) ₩ 1,348,492 ₩ (10,105 ) ₩ 1,338,387 38.2 Insurance Liabilities 38.2.1 Details of insurance liabilities by insurance type as of December 31, 2021 and 2022, are as follows: December 31, 2021 Non-life Life insurance Others Total (In millions of Korean won) Premium reserve* ₩ 26,086,004 ₩ 24,363,509 ₩ — ₩ 50,449,513 Reserve for outstanding claims 3,378,427 259,848 2,102 3,640,377 Unearned premium reserve 1,909,327 9,358 622 1,919,307 Reserve for dividend to policyholders 122,025 40,960 — 162,985 Reserve for distribution of earnings to policyholders 63,093 4,857 — 67,950 Reserve for loss compensation on participating insurance 24,790 6,108 — 30,898 Guarantee reserve — 894,906 — 894,906 ₩ 31,583,666 ₩ 25,579,546 ₩ 2,724 ₩ 57,165,936 December 31, 2022 Non-life Life insurance Others Total (In millions of Korean won) Premium reserve* ₩ 26,765,973 ₩ 24,613,169 ₩ — ₩ 51,379,142 Reserve for outstanding claims 3,531,159 225,226 2,460 3,758,845 Unearned premium reserve 2,038,077 7,112 588 2,045,777 Reserve for dividend to policyholders 132,076 39,233 — 171,309 Reserve for distribution of earnings to policyholders 63,821 3,866 — 67,687 Reserve for loss compensation on participating insurance 24,070 5,392 — 29,462 Guarantee reserve — 778,081 — 778,081 ₩ 32,555,176 ₩ 25,672,079 ₩ 3,048 ₩ 58,230,303 * Includes negative VOBA amounting to ₩ 2,390,985 million and ₩ 2,111,541 million as of December 31, 2021 and 2022, respectively. 38.2.2 Changes in insurance liabilities for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Net increase 1 Ending (In millions of Korean won) Non-life General insurance ₩ 1,568,741 ₩ 222,543 ₩ 1,791,284 Automobile insurance 1,897,872 127,693 2,025,565 Long-term insurance 26,362,479 1,373,257 27,735,736 Long-term investment contract 106,853 (75,772 ) 31,081 Life insurance Pure endowment insurance 7,570,349 436,999 8,007,348 Death insurance 15,706,051 810,366 16,516,417 Endowment insurance 1,188,299 (142,962 ) 1,045,337 Group insurance and others 2 11,330 (885 ) 10,445 Others 3,322 (599 ) 2,723 ₩ 54,415,296 ₩ 2,750,640 ₩ 57,165,936 2022 Beginning Net increase 1 Ending (In millions of Korean won) Non-life General insurance ₩ 1,791,284 ₩ 68,690 ₩ 1,859,974 Automobile insurance 2,025,565 145,331 2,170,896 Long-term insurance 27,735,736 778,634 28,514,370 Long-term investment contract 31,081 (21,147 ) 9,934 Life insurance Pure endowment insurance 8,007,348 (840,495 ) 7,166,853 Death insurance 16,516,417 816,485 17,332,902 Endowment insurance 1,045,337 118,328 1,163,665 Group insurance and others 2 10,445 (1,785 ) 8,660 Others 2,723 326 3,049 ₩ 57,165,936 ₩ 1,064,367 ₩ 58,230,303 1 Includes exchange differences effect and decrease in liabilities related to investment contracts. 2 Includes reserve for distribution of earnings to policyholders and reserve for loss compensation on participating insurance. 38.3 Liability Adequacy Test According to the revision of the Detailed Regulations on Supervision of Insurance Business, the criteria for the insurance liability adequacy test were changed, and the Group accounted for the change as a change in accounting policy because it provided reliable and more relevant information about current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been restated. 38.3.1 KB Insurance Co., Ltd. Assumptions and calculation basis for the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2021 and 2022, are as follows: Assumptions (%) Calculation basis December 31, December 31, Long-term insurance Discount rate -3.39 ~ 19.54 -2.84 ~ 21.14 Calculated by applying an interest rate scenario which is a risk-free rate scenario adjusted by liquidity premium presented by director of the Financial Supervisory Service Expense ratio 6.25 5.93 Calculated using future expense plan based on the recent one-year Lapse ratio 1.49 ~ 35.98 1.37 ~ 32.92 Calculated based on the recent five-year experience statistics Risk ratio 7.4 ~ 1,143.8 8.2 ~ 1,214.3 Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics General insurance Lapse ratio 0.9 0.86 Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years Assumptions (%) Calculation basis December 31, December 31, Sales cost ratio 6.3 6.31 Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) Maintenance cost ratio 10.5 9.12 Ratio of maintenance cost to earned premiums by type of contracts for the preceding year Claim survey cost ratio 4.7 4.54 Ratio of claim survey cost to insurance claim payments by type of contracts for the preceding three years Loss ratio 78.5 82.27 Ratio of final loss incurred to earned premiums by type of contracts for the preceding five years Automobile insurance Lapse ratio 4.7 4.7 Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years Sales cost ratio 7.6 7.5 Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) Maintenance cost ratio 8.8 8.5 Ratio of maintenance cost to earned premiums by type of collaterals for the preceding year Claim survey cost ratio 8.1 8.1 Ratio of claim survey cost to insurance claim payments by type of collaterals for the preceding three years Loss ratio 78.2 77.6 Ratio of final loss incurred to earned premiums by type of collaterals for the preceding five years Results of the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2021 and 2022, are as follows: December 31, 2021 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) General insurance ₩ 465,812 ₩ 437,555 ₩ 28,257 Automobile insurance 1,401,462 1,322,026 79,436 Long-term insurance 21,812,939 14,277,162 7,535,777 ₩ 23,680,213 ₩ 16,036,743 ₩ 7,643,470 December 31, 2022 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) General insurance ₩ 570,608 ₩ 537,204 ₩ 33,404 Automobile insurance 1,491,245 1,395,407 95,838 Long-term insurance 22,309,067 8,538,565 13,770,502 ₩24,370,920 ₩ 10,471,176 ₩ 13,899,744 * In the case of long-term 6-3 As a result of the liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of the liability adequacy test as of December 31, 2022. 38.3.2 KB Life Insurance Co., Ltd. Assumptions and calculation basis for the insurance liability adequacy test of KB Life Insurance Co., Ltd. as of December 31, 2021 and 2022, are as f ollows: Assumptions (%) December 31, 2021 December 31, 2022 Calculation basis Lapse ratio 0 ~ 65.57 0 Ratio of canceled premiums to premiums by product group, method of payment, channel, and elapsed period, based on the recent five-year experience statistics Loss ratio 22 ~ 162 20 Ratio of number of accidents to the number of holding contracts, by collateral, gender, and elapsed period, based on the recent seven-year experience statistics Discount rate -3.39 ~ 19.54 -2.84 Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread Indirect costs included in administration expenses were calculated by applying the unit cost based on the experience statistics of the actual executed costs over the past year according to the expense allocations standard set by the Detailed Regulations on Supervision of Insurance Business. Direct costs such as acquisition cost were calculated based on estimates of future expense according to the Group’s internal policies such as solicitation commission policy. The insurance liability adequacy test of KB Life Insurance Co., Ltd. is performed by contract type such as interest rate type and dividend type. Results of the insurance liability adequacy test as of December 31, 2021 and 2022, are as follows: December 31, 2021 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) Fixed interest type Participating ₩ 30,828 ₩ 51,443 ₩ (20,615 ) Non-participating 664,569 5,876 658,693 Variable interest type Participating 896,754 913,067 (16,313 ) Non-participating 5,754,214 5,263,775 490,439 Variable type (7,822 ) (101,418 ) 93,596 ₩ 7,338,543 ₩ 6,132,743 ₩ 1,205,800 December 31, 2022 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) Fixed interest type Participating ₩ 30,720 ₩ 43,889 ₩ (13,169 ) Non-participating 1,238,004 (6,488 ) 1,244,492 Variable interest type Participating 814,350 817,087 (2,737 ) Non-participating 4,826,517 4,219,110 607,407 Variable type (45,907 ) (103,354 ) 57,447 ₩ 6,863,684 ₩ 4,970,244 ₩ 1,893,440 As a result of the liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of the liability adequacy test as of December 31, 2022. 38.3.3 KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) Assumptions and calculation basis for the insurance liability adequacy test of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) as of December 31, 2021 and 2022, are as follows: Assumptions (%) December 31, 2021 December 31, 2022 Calculation basis Discount rate -3.39 ~ 19.54 -2.84 ~ 21.14 Calculated by applying an interest rate scenario which is a risk-free rate scenario adjusted by liquidity premium presented by the Financial Supervisory Service Lapse ratio 1 ~ 26 1.3 ~ 25 Calculated based on the amount of insurance coverage by elapsed period based on the recent five-year experience statistics Risk ratio 28 ~ 545 21 ~ 982 Calculated by ratio of insurance claim payments to risk premiums by elapsed period based on the recent five-year experience statistics The insurance liability adequacy test of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) is performed by contract type such as interest rate type and dividend type. Results of the insurance liability adequacy test as of December 31, 2021 and 2022, are as follows: Surplus (shortfall) December 31, 2021 December 31, 2022 (In millions of Korean won) Fixed interest type Participating ₩ (7,687 ) ₩ 1,177 Non-participating 787,200 4,484,049 Variable interest type Non-participating 128,963 185,675 Variable type 1,278,620 1,265,066 ₩ 2,187,096 ₩ 5,935,967 As a result of the liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of the liability adequacy test as of December 31, 2022. 38.4 Net Insurance Income Details of insurance income and insurance expenses for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Insurance income Premium income ₩ 12,872,727 ₩ 14,684,383 ₩ 15,765,939 Reinsurance income 823,500 990,437 1,029,943 Reversal of policy reserve 85 599 — Separate account income 216,485 286,967 331,281 Income from changes in reinsurance assets 467,729 135,159 — Other insurance income 6,114 10,313 9,679 14,386,640 16,107,858 17,136,842 Insurance expenses Insurance claims paid 5,264,829 5,777,899 6,325,021 Dividend expenses 11,661 14,038 15,370 Refunds of surrender value 3,286,150 4,032,209 5,556,410 Reinsurance expenses 1,127,304 1,163,056 1,268,711 Provision for policy reserve 2,709,903 2,761,735 1,046,300 Separate account expenses 113,703 112,180 264,517 Administration expenses 563,085 644,947 715,317 Amortization of deferred acquisition costs 767,633 819,154 1,018,784 Expenses from changes in reinsurance assets 163 — — Claim survey expenses paid 58,873 60,234 73,803 Other insurance expenses 183,343 165,695 156,096 14,086,647 15,551,147 16,440,329 Net insurance income ₩ 299,993 ₩ 556,711 ₩ 696,513 38.5 Risk Management of KB Insurance Co., Ltd. 38.5.1 Overview of insurance risk Insurance risk is the risk that arises from a primary operation of insurance companies that is associated with underwriting of insurance contracts and payment of claims and is classified as insurance price risk and reserves risk. Insurance price risk is the risk of loss that might occur when the actual risk exceeds the expected risk ratio or expected expense ratio set at the time of calculating insurance premium, that is, the possibility of loss due to the differences between actual payment of claims and premiums received from policyholders. Reserve risk means the risk of not being able to cover actual claim payments in the future due to a lack of reserve accumulated at the time of assessment. 38.5.2 Purposes, policies, and procedures to manage risk arising from insurance contracts The risks associated with insurance contracts that the Group faces are insurance actuarial risk and underwriting risk. Each risk occurs due to insurance contract’s pricing and conditions of underwriting. In order to minimize the possibility of acquiring a bad contract, the Group has established and operated detailed underwriting guidelines and underwriting procedures by insurance type that specify detailed underwriting conditions according to the type of risk covered through pre-analysis of insured property. In addition, the Group is making efforts to reduce insurance actuarial risk by follow-up measures such as adjustments of premium rate, changes of sales conditions, termination of selling specific product, development of new product, and others through comparing and analyzing the expected risk level at the date of pricing and actual risk level after the acceptance. The Group has prepared a process to minimize management risk other than insurance actuarial risk and underwriting risk by operating a committee that shares opinions on underwriting policies and premium rate policies and decides important matters. In addition, by establishing a reinsurance operating strategy according to the reinsurance operating standards, the Group is preparing for the possibility of incurring high claim expenses at once due to unexpected catastrophic accidents while maintaining an appropriate holding level considering the solvency of the Group. The Group supports the protection and stable interests of policyholders, and comprehensively manages risks to maximize corporate value in the mid to long term. 38.5.3 Exposure to insurance price risk According to Risk Based Capital (“RBC”) standard, exposure to insurance price risk is measured as the risk retained premium for all insurance contracts based on the track record for one year up to reference date of calculation. The risk retained premium is measured by adding assumed risk reinsurance premium to direct risk premium and deducting ceded risk reinsurance premium. The Group’s exposure to insurance price risk as of December 31, 2021 and 2022, as follows: December 31, 2021 Direct risk premium Assumed risk Ceded risk Total (In millions of Korean won) General ₩ 1,161,427 ₩ 93,191 ₩ (630,231 ) ₩ 624,387 Automobile 2,538,277 — (13,683 ) 2,524,594 Long-term 3,128,821 — (462,261 ) 2,666,560 ₩ 6,828,525 ₩ 93,191 ₩ (1,106,175 ) ₩ 5,815,541 December 31, 2022 Direct risk premium Assumed risk Ceded risk Total (In millions of Korean won) General ₩ 1,287,819 ₩ 121,296 ₩ (698,981 ) ₩ 710,134 Automobile 2,684,544 — (4,788 ) 2,679,756 Long-term 3,495,031 — (494,563 ) 3,000,468 ₩ 7,467,394 ₩ 121,296 ₩ (1,198,332) ₩ 6,390,358 38.5.4 Concentration of insurance risk The Group is selling various insurance contracts such as general non-life insurances (fire, maritime, injury, technology, liability, package, title, guarantee, and other special type insurances), automobile insurances (for private use, for business use, for commercial use, bicycle, and others), long-term insurances (long-term non-life, property damage, injury, driver, savings, illness, nursing, and pension), and others. The Group’s risk is distributed through reinsurance, joint acceptance, and sales of diversified insurance products. In addition, insurances such as storm and flood insurance, which have a very low probability of occurrence but cover severe levels of risk, are controlled through acceptance limit and joint acquisition. 38.5.5 Claims development tables The Group verifies and evaluates the adequacy of reserve for outstanding claims for general, automobile, and long-term insurance with two or more methods, including paid loss development trend and incurred loss development trend. If the individually estimated claims are insufficient, the Group recognizes additional reserves. Claims development tables as of December 31, 2021 and 2022, are as follows: <2021> General Insurance Development year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2017.1.1 ~ 2017.12.31 ₩ 169,234 ₩ 201,406 ₩ 205,075 ₩ 206,856 ₩ 207,252 2018.1.1 ~ 2018.12.31 200,968 241,471 246,499 250,083 — 2019.1.1 ~ 2019.12.31 219,419 263,105 267,687 — — 2020.1.1 ~ 2020.12.31 232,622 273,531 — — — 2021.1.1 ~ 2021.12.31 290,480 — — — — 1,112,723 979,513 719,261 456,939 207,252 Gross cumulative claim payments (B) 2017.1.1 ~ 2017.12.31 133,254 185,107 194,511 199,926 202,548 2018.1.1 ~ 2018.12.31 153,770 217,955 235,900 240,171 — 2019.1.1 ~ 2019.12.31 185,645 246,397 258,465 — — 2020.1.1 ~ 2020.12.31 167,129 244,074 — — — 2021.1.1 ~ 2021.12.31 236,265 — — — — 876,063 893,533 688,876 440,097 202,548 Difference (A-B) ₩ 236,660 ₩ 85,980 ₩ 30,385 ₩ 16,842 ₩ 4,704 Automobile Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2015.1.1 ~ 2015.12.31 ₩ 1,227,107 ₩ 1,245,781 ₩ 1,256,059 ₩ 1,263,044 ₩ 1,267,142 ₩ 1,271,000 ₩ 1,282,673 2016.1.1 ~ 2016.12.31 1,276,939 1,281,381 1,287,728 1,294,735 1,299,964 1,309,221 — 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 1,368,016 1,371,619 — — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 1,481,509 1,488,890 — — — 2019.1.1 ~ 2019.12.31 1,591,793 1,620,609 1,635,704 — — — — 2020.1.1 ~ 2020.12.31 1,624,341 1,632,626 — — — — — 2021.1.1 ~ 2021.12.31 1,750,508 — — — — — — 10,282,470 8,601,032 7,019,867 5,414,685 3,938,725 2,580,221 1,282,673 Gross cumulative claim payments (B) 2015.1.1 ~ 2015.12.31 1,020,975 1,198,240 1,228,357 1,245,780 1,254,186 1,261,995 1,264,247 2016.1.1 ~ 2016.12.31 1,052,830 1,235,656 1,264,651 1,282,346 1,288,754 1,291,380 — 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 1,350,174 1,357,903 — — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 1,456,532 1,471,379 — — — 2019.1.1 ~ 2019.12.31 1,332,849 1,570,194 1,598,956 — — — — 2020.1.1 ~ 2020.12.31 1,353,799 1,570,730 — — — — — 2021.1.1 ~ 2021.12.31 1,445,877 — — — — — — 8,535,308 8,310,028 6,884,458 5,349,679 3,900,843 2,553,375 1,264,247 Difference (A-B) ₩ 1,747,162 ₩ 291,004 ₩ 135,409 ₩ 65,006 ₩ 37,882 ₩ 26,846 ₩ 18,426 Long-term Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2015.1.1 ~ 2015.12.31 ₩ 885,476 ₩ 1,219,394 ₩ 1,256,051 ₩ 1,266,881 ₩ 1,270,967 ₩ 1,273,615 ₩ 1,275,520 2016.1.1 ~ 2016.12.31 1,064,744 1,437,574 1,485,839 1,500,403 1,506,889 1,510,197 — 2017.1.1 ~ 2017.12.31 1,184,224 1,614,903 1,670,929 1,689,768 1,695,477 — — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 1,941,497 1,965,983 — — — 2019.1.1 ~ 2019.12.31 1,626,481 2,229,830 2,297,861 — — — — 2020.1.1 ~ 2020.12.31 1,818,316 2,442,633 — — — — — 2021.1.1 ~ 2021.12.31 2,124,582 — — — — — — 10,076,529 10,825,380 8,652,177 6,423,035 4,473,333 2,783,812 1,275,520 Gross cumulative claim payments (B) 2015.1.1 ~ 2015.12.31 836,472 1,205,130 1,248,475 1,262,528 1,269,557 1,272,648 1,274,908 2016.1.1 ~ 2016.12.31 1,017,243 1,424,948 1,477,415 1,496,556 1,503,841 1,507,284 — 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 1,683,997 1,692,323 — — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 1,933,543 1,958,256 — — — 2019.1.1 ~ 2019.12.31 1,574,696 2,211,717 2,288,023 — — — — 2020.1.1 ~ 2020.12.31 1,749,647 2,426,351 — — — — — 2021.1.1 ~ 2021.12.31 2,057,154 — — — — — — 9,685,693 10,735,807 8,610,434 6,401,337 4,465,721 2,779,932 1,274,908 Difference (A-B) ₩ 390,836 ₩ 89,573 ₩ 41,743 ₩ 21,698 ₩ 7,612 ₩ 3,880 ₩ 612 <2022> General Insurance Development year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2018.1.1 ~ 2018.12.31 ₩ 200,968 ₩ 241,474 ₩ 246,871 ₩ 250,935 ₩ 251,815 2019.1.1 ~ 2019.12.31 220,043 266,489 270,815 271,047 — 2020.1.1 ~ 2020.12.31 235,365 274,260 277,957 — — 2021.1.1 ~ 2021.12.31 296,348 347,715 — — — 2022.1.1 ~ 2022.12.31 336,344 — — — — 1,289,068 1,129,938 795,643 521,982 251,815 Gross cumulative claim payments (B) 2018.1.1 ~ 2018.12.31 153,770 217,955 235,900 240,518 245,732 2019.1.1 ~ 2019.12.31 185,645 247,945 260,774 264,952 — 2020.1.1 ~ 2020.12.31 169,859 246,805 257,784 — — 2021.1.1 ~ 2021.12.31 237,065 317,089 — — — 2022.1.1 ~ 2022.12.31 240,982 — — — — 987,321 1,029,794 754,458 505,470 245,732 Difference (A-B) ₩ 301,747 ₩ 100,144 ₩ 41,185 ₩ 16,512 ₩ 6,083 Automobile Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2016.1.1 ~ 2016.12.31 ₩ 1,276,939 ₩ 1,281,381 ₩ 1,287,728 ₩ 1,294,735 ₩ 1,299,964 ₩ 1,309,221 ₩ 1,316,456 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 1,368,016 1,371,619 1,377,499 — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 1,481,509 1,488,890 1,498,384 — — 2019.1.1 ~ 2019.12.31 1,591,793 1,620,609 1,635,704 1,649,928 — — — 2020.1.1 ~ 2020.12.31 1,624,341 1,632,626 1,639,325 — — — — 2021.1.1 ~ 2021.12.31 1,750,508 1,757,801 — — — — — 2022.1.1 ~ 2022.12.31 1,858,395 — — — — — — 10,913,758 9,113,052 7,403,133 5,801,569 4,169,967 2,686,720 1,316,456 Gross cumulative claim payments (B) 2016.1.1 ~ 2016.12.31 1,052,830 1,235,655 1,264,651 1,282,346 1,288,754 1,291,380 1,293,473 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 1,350,174 1,357,903 1,361,232 — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 1,456,532 1,471,379 1,476,781 — — 2019.1.1 ~ 2019.12.31 1,332,849 1,570,194 1,598,956 1,614,015 — — — 2020.1.1 ~ 2020.12.31 1,353,799 1,570,730 1,595,586 — — — — 2021.1.1 ~ 2021.12.31 1,445,877 1,684,092 — — — — — 2022.1.1 ~ 2022.12.31 1,516,007 — — — — — — 9,030,340 8,795,879 7,251,687 5,717,914 4,123,438 2,652,612 1,293,473 Difference (A-B) ₩ 1,883,418 ₩ 317,173 ₩ 151,446 ₩ 83,655 ₩ 46,529 ₩ 34,108 ₩ 22,983 Long-term Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2016.1.1 ~ 2016.12.31 ₩ 1,064,743 ₩ 1,437,574 ₩ 1,485,839 ₩ 1,500,403 ₩ 1,506,889 ₩ 1,510,197 ₩ 1,511,728 2017.1.1 ~ 2017.12.31 1,184,224 1,614,904 1,670,929 1,689,768 1,695,477 1,698,804 — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 1,941,497 1,965,983 1,972,727 — — 2019.1.1 ~ 2019.12.31 1,626,481 2,229,830 2,297,861 2,324,246 — — — 2020.1.1 ~ 2020.12.31 1,818,316 2,442,633 2,514,577 — — — — 2021.1.1 ~ 2021.12.31 2,124,582 2,841,110 — — — — — 2022.1.1 ~ 2022.12.31 2,277,455 — — — — — — 11,468,507 12,447,097 9,910,703 7,480,400 5,175,093 3,209,001 1,511,728 Gross cumulative claim payments (B) 2016.1.1 ~ 2016.12.31 1,017,244 1,424,948 1,477,414 1,496,556 1,503,841 1,507,284 1,509,334 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 1,683,997 1,692,323 1,696,284 — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 1,933,543 1,958,256 1,967,097 — — 2019.1.1 ~ 2019.12.31 1,574,696 2,211,717 2,288,023 2,316,190 — — — 2020.1.1 ~ 2020.12.31 1,749,647 2,426,351 2,503,496 — — — — 2021.1.1 ~ 2021.12.31 2,057,154 2,818,484 — — — — — 2022.1.1 ~ 2022.12.31 2,168,671 — — — — — — 11,017,893 12,349,161 9,865,454 7,454,999 5,163,261 3,203,568 1,509,334 Difference (A-B) ₩ 450,614 ₩ 97,936 ₩ 45,249 ₩ 25,401 ₩ 11,832 ₩ 5,433 ₩ 2,394 38.5.6 Sensitivity analysis of insurance risk The Group manages insurance risk by performing sensitivity analysis based on lapse ratio, loss ratio, expense ratio, discount rate, and others which are considered to have significant influence on future cash flow, timing, and uncertainty. Sensitivity analysis of insurance liabilities was conducted only in the unfavorable direction where additional insurance liabilities could be reserved as the surplus was sufficient as a result of the insurance liability adequacy test. December 31, 2021 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 337,969 ₩ — ₩ — ₩ — Loss ratio +10 % 6,065,429 — — — Expense ratio +10 % 503,132 — — — Discount rate -0.5 %p 1,985,421 — — — December 31, 2022 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 495,870 ₩ — ₩ — ₩ — Loss ratio +10 % 5,745,896 — — — Expense ratio +10 % 413,073 — — — Discount rate -0.5 %p 1,084,314 — — — 38.5.7 Liquidity risk of insurance contracts Liquidity risk arising from insurance contracts arises from the increase in refunds at maturity caused by concentrations of maturity, the excessive increase in surrender values caused by unexpected mass cancelation, and the increase in payments of claims caused by major accidents. The Group manages payment of refunds at maturity by analyzing remaining maturity of insurance contracts. Maturity structure of premium reserve as of December 31, 2021 and 2022, as follows: December 31, 2021 * Up to 1~5 years 5~10 years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating: Fixed interest type ₩ 121,988 ₩ 64,730 ₩ 77,880 ₩ 59,042 ₩ 324,259 ₩ 647,899 Variable interest type 959,348 1,958,267 1,536,690 919,726 16,123,312 21,497,343 1,081,336 2,022,997 1,614,570 978,768 16,447,571 22,145,242 Annuity: Fixed interest type — 820 2,134 3,813 532 7,299 Variable interest type 252 103,419 407,556 1,324,916 2,121,076 3,957,219 252 104,239 409,690 1,328,729 2,121,608 3,964,518 Total: Fixed interest type 121,988 65,550 80,014 62,855 324,791 655,198 Variable interest type 959,600 2,061,686 1,944,246 2,244,642 18,244,388 25,454,562 ₩ 1,081,588 ₩ 2,127,236 ₩ 2,024,260 ₩ 2,307,497 ₩ 18,569,179 ₩ 26,109,760 December 31, 2022 * Up to 1~5 years 5~10 years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating: Fixed interest type ₩ 22,436 ₩ 90,447 ₩ 26,234 ₩ 65,721 ₩ 575,938 ₩ 780,776 Variable interest type 480,248 2,178,620 924,254 991,874 17,517,632 22,092,628 502,684 2,269,067 950,488 1,057,595 18,093,570 22,873,404 Annuity: Fixed interest type 39 992 1,935 3,700 398 7,064 Variable interest type 296 114,980 416,820 1,325,911 2,050,230 3,908,237 335 115,972 418,755 1,329,611 2,050,628 3,915,301 Total: Fixed interest type 22,475 91,439 28,169 69,421 576,336 787,840 Variable interest type 480,544 2,293,600 1,341,074 2,317,785 19,567,862 26,000,865 ₩ 503,019 ₩ 2,385,039 ₩ 1,369,243 ₩ 2,387,206 ₩ 20,144,198 ₩ 26,788,705 * Includes long-term investment contracts liabilities classified as investment contracts amounting to ₩31,081 million and ₩9,934 million, as of December 31, 2021 and 2022, respectively. 38.5.8 Credit risk of insurance contract Credit risk of an insurance contract refers to economic losses in which the reinsurer, the counterparty, is unable to fulfil its contract obligations due to a decline in credit ratings or default or others. Through an internal review, only the insurers rated BBB- or higher of S&P rating or corresponding rating are selected as reinsurance companies. Concentration and credit ratings for top three reinsurance companies as of December 31, 2022, are as follows: Reinsurance company Ratio Credit rating KOREAN RE 29.82 % AA MUNICH RE 8.53 % AAA HISCOX 5.44 % AA+ Exposures to credit risk related to reinsurance as of December 31, 2021 and 2022 as follows: December 31, December 31, (In millions of Korean won) Reinsurance assets 1 ₩ 1,342,615 ₩ 1,332,088 Receivables from reinsurers 2 377,619 396,292 ₩ 1,720,234 ₩ 1,728,380 1 Net carrying amount after impairment losses 2 Net carrying amount after allowances for credit losses 38.5.9 Interest rate risk of insurance contract Interest rate risk exposure from the Group’s insurance contracts is the risk of unexpected losses due to the fluctuations of net interest income or net assets arising from changes in interest rate and it is managed to minimize unexpected losses. The Group calculates exposure to interest-bearing assets and interest-bearing liabilities for long-term, non-life insurance contracts. Liabilities exposure is premium reserve less surrender charge plus unearned premium reserve. Assets exposure is interest-bearing assets and assets that generate only fees without interest income are excluded from interest-bearing assets. Exposures to interest rate risk as of December 31, 2021 and 2022, are as follows: 38.5.9.1 Exposure to interest rate risk December 31, 2021 December 31, 2022 (In millions of Korean won) Interest-bearing liabilities Fixed interest rate type ₩ 489,399 ₩ 520,250 Variable interest rate type 24,246,760 24,802,062 ₩ 24,736,159 ₩ 25,322,312 Interest-bearing assets Due from financial institutions measured at amortized cost and cash equivalents ₩ 81,8 |
Statement Of Cash Flows
Statement Of Cash Flows | 12 Months Ended |
Dec. 31, 2022 | |
Statement of cash flows [abstract] | |
Statement Of Cash Flows | 39. Statement of Cash Flows 39.1 Details of cash and cash equivalents as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Cash ₩ 2,496,941 ₩ 2,439,490 Checks issued by other banks 150,047 123,163 Due from the Bank of Korea 17,579,643 17,520,636 Due from other financial institutions 10,782,743 11,980,132 31,009,374 32,063,421 Due from financial institutions measured at fair value through profit or loss 200,743 69,469 31,210,117 32,132,890 Deduction: Restricted due from financial institutions* (4,589,893 ) (4,809,759 ) Due from financial institutions with original maturities over three months (1,346,951 ) (1,160,607 ) (5,936,844 ) (5,970,366 ) ₩ 25,273,273 ₩ 26,162,524 * Items meeting the definition of cash are excluded in accordance with IAS No.7 Statement of Cash Flows. Detailed information on the effects of this change in accounting policy is described in Note 2.1 Application of IFRS. Items meeting the definition of cash among due from financial institutions with restriction to use as of December 31, 2021 and 2022, are as follows: Financial institutions December 31, 2021 December 31, 2022 (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea ₩ 15,117,033 ₩ 15,169,703 Due from others Korea Development Bank and others 37,914 39,358 Due from financial institutions in foreign currencies Due from banks in foreign currencies Bank Indonesia and others 1,009,866 1,218,847 ₩ 16,164,813 ₩ 16,427,908 39.2 Significant non-cash transactions for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Write-offs of loans ₩ 1,283,071 ₩ 1,086,296 ₩ 1,486,357 Changes in financial investments due to debt-for-equity swap 13,820 327 — Changes in accumulated other comprehensive income from valuation of financial instruments at fair value through other comprehensive income 496,159 507,175 (2,522,854 ) Changes in accumulated other comprehensive income from valuation of investments in associates (6,978 ) 165 (64 ) Reclassification to assets of a disposal group held for sale — 171,749 — 39.3 Cash inflows and outflows from income tax, interest, and dividends for the years ended December 31, 2020, 2021 and 2022, are as follows: Activities 2020 2021 2022 (In millions of Korean won) Income tax paid Operating ₩ 1,119,252 ₩ 1,586,750 ₩ 1,524,025 Interest received Operating 14,986,532 15,152,796 20,509,411 Interest paid Operating 5,266,158 4,062,469 6,356,211 Dividends received Operating 187,699 290,089 388,030 Dividends paid Financing 883,952 1,053,416 1,564,153 39.4 Changes in liabilities arising from financing activities for the years ended December 31, 2021 and 2022, are as follows: 2021 Non-cash changes Beginning Net cash flows Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging * ₩ (57,196 ) ₩ 5,870 ₩ — ₩ 246,352 ₩ (70,225 ) ₩ — ₩ (150,084 ) ₩ (25,283 ) Borrowings and debentures 112,587,843 11,579,036 — 630,913 (115,440 ) (329,512 ) (10,278 ) 124,342,562 Due to trust accounts 7,542,955 (509,106 ) — — — — — 7,033,849 Non-controlling interests 857,783 (24,145 ) — — — 1,994 (2,294 ) 833,338 Others 1,019,075 (319,074 ) 166,336 119 — — 119,398 985,854 ₩ 121,950,460 ₩ 10,732,581 ₩ 166,336 ₩ 877,384 ₩ (185,665 ) ₩ (327,518 ) ₩ (43,258 ) ₩ 133,170,320 2022 Non-cash changes Beginning Net cash flows Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging * ₩ (25,283 ) ₩ 33,402 ₩ — ₩ 153,646 ₩ 8,730 ₩ — ₩ (180,415 ) ₩ (9,920 ) Borrowings and debentures 124,342,562 15,645,750 — 895,758 (297,468 ) 81,268 (252,302 ) 140,415,568 Due to trust accounts 7,033,849 (1,225,402 ) — — — — — 5,808,447 Non-controlling interests 833,338 395,713 — — — 752 50,300 1,280,103 Others 985,854 436,903 154,004 199 — — 118,863 1,695,823 ₩ 133,170,320 ₩ 15,286,366 ₩ 154,004 ₩ 1,049,603 ₩ (288,738 ) ₩ 82,020 ₩ (263,554 ) ₩ 149,190,021 * Derivatives held for hedging purposes are the net amount after offsetting liabilities and assets. 39.5 The net cash flow associated with the changes in the subsidiaries for the years ended December 31, 2021 and 2022 are 374,992 million of cash outflow and 932,428 million of cash inflow, respectively. |
Contingent Liabilities And Comm
Contingent Liabilities And Commitments | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of contingent liabilities [abstract] | |
Contingent Liabilities And Commitments | 40. Contingent Liabilities and Commitments 40.1 Details of acceptances and guarantees as of December 31, 2021 and 2022, are as follows: December 31, December 31, (In millions of Korean won) Confirmed acceptances and guarantees Confirmed acceptances and guarantees in Korean won: Acceptances and guarantees for KB purchasing loan ₩ 136,914 ₩ 167,538 Others 817,470 918,670 954,384 1,086,208 Confirmed acceptances and guarantees in foreign currencies: Acceptances of letter of credit 523,037 502,217 Letter of guarantees 83,089 78,414 Bid bond 18,874 19,998 Performance bond 855,247 976,008 Refund guarantees 874,173 1,705,796 Others 2,505,353 3,485,842 4,859,773 6,768,275 Financial guarantee contracts: Acceptances and guarantees for issuance of debentures 5,040 5,040 Acceptances and guarantees for mortgage 51,053 94,861 Overseas debt guarantees 428,109 509,157 International financing guarantees in foreign currencies 132,114 181,241 Others 50,950 — 667,266 790,299 6,481,423 8,644,782 Unconfirmed acceptances and guarantees Guarantees of letter of credit 3,551,767 3,042,911 Refund guarantees 833,765 1,528,359 4,385,532 4,571,270 ₩ 10,866,955 ₩ 13,216,052 40.2 Credit qualities of acceptances and guarantees as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 4,532,747 ₩ 838 ₩ — ₩ 4,533,585 Grade 2 1,594,714 32,567 — 1,627,281 Grade 3 105,691 46,174 — 151,865 Grade 4 7,722 149,785 214 157,721 Grade 5 — 774 10,197 10,971 6,240,874 230,138 10,411 6,481,423 Unconfirmed acceptances and guarantees Grade 1 3,083,636 3,391 — 3,087,027 Grade 2 998,204 39,224 — 1,037,428 Grade 3 12,039 34,797 — 46,836 Grade 4 11,925 195,794 — 207,719 Grade 5 — 138 6,384 6,522 4,105,804 273,344 6,384 4,385,532 ₩ 10,346,678 ₩ 503,482 ₩ 16,795 ₩ 10,866,955 December 31, 2022 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 5,939,025 ₩ 1,140 ₩ — ₩ 5,940,165 Grade 2 1,882,080 10,474 — 1,892,554 Grade 3 494,924 18,649 — 513,573 Grade 4 63,689 215,382 442 279,513 Grade 5 — 4,130 14,847 18,977 8,379,718 249,775 15,289 8,644,782 Unconfirmed acceptances and guarantees Grade 1 3,232,325 844 — 3,233,169 Grade 2 1,040,908 36,879 — 1,077,787 Grade 3 4,685 13,308 — 17,993 Grade 4 1,265 236,687 5 237,957 Grade 5 — 199 4,165 4,364 4,279,183 287,917 4,170 4,571,270 ₩ 12,658,901 ₩ 537,692 ₩ 19,459 ₩ 13,216,052 40.3 Classifications of acceptances and guarantees by counterparty as of December 31, 2021 and 2022, are as follows: December 31, 2021 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 5,431,921 ₩ 3,377,150 ₩ 8,809,071 81.06 Small and medium-sized companies 820,327 657,073 1,477,400 13.60 Public sector and others 229,175 351,309 580,484 5.34 ₩ 6,481,423 ₩ 4,385,532 ₩ 10,866,955 100.00 December 31, 2022 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 7,530,546 ₩ 3,810,565 ₩ 11,341,111 85.81 Small and medium-sized companies 718,722 496,709 1,215,431 9.20 Public sector and others 395,514 263,996 659,510 4.99 ₩ 8,644,782 ₩ 4,571,270 ₩ 13,216,052 100.00 40.4 Classifications of acceptances and guarantees by industry as of December 31, 2021 and 2022, are as follows: December 31, 2021 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 385,761 ₩ 10,114 ₩ 395,875 3.64 Manufacturing 2,742,224 2,979,232 5,721,456 52.65 Service 676,440 38,920 715,360 6.58 Wholesale and retail 1,603,085 999,416 2,602,501 23.95 Construction 317,946 38,260 356,206 3.28 Public sector 28,257 99,841 128,098 1.18 Others 727,710 219,749 947,459 8.72 ₩ 6,481,423 ₩ 4,385,532 ₩ 10,866,955 100.00 December 31, 2022 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 462,657 ₩ 2,012 ₩ 464,669 3.52 Manufacturing 3,851,832 3,589,948 7,441,780 56.31 Service 751,846 31,465 783,311 5.93 Wholesale and retail 2,181,469 658,875 2,840,344 21.49 Construction 420,937 47,465 468,402 3.54 Public sector 32,635 81,607 114,242 0.86 Others 943,406 159,898 1,103,304 8.35 ₩ 8,644,782 ₩ 4,571,270 ₩ 13,216,052 100.00 40.5 Details of commitments as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Commitments Corporate loan commitments ₩ 45,767,502 ₩ 51,743,718 Retail loan commitments 47,080,416 51,241,471 Credit line of credit cards 70,534,719 77,825,953 Purchase of other securities 6,835,506 7,357,198 170,218,143 188,168,340 Financial guarantee contracts Credit line 5,729,798 7,135,542 Purchase of securities 495,400 371,201 6,225,198 7,506,743 ₩ 176,443,341 ₩ 195,675,083 40.6 Other Matters (including litigation) a) The Group has 292 pending lawsuits as a plaintiff (excluding simple lawsuits related to the collection or management of loans), with aggregate claims amount of ₩1,442,572 million, and 280 pending lawsuits as a defendant (excluding simple lawsuits related to the collection or management of loans) with aggregate claims amount of ₩977,848 million, which arose in the normal course of the business, as of December 31, 2022. Details of major pending lawsuits in which the Group is a defendant are as follows: (In number of cases, in millions of Korean won) Company Lawsuits No. of Amount Description of the lawsuits Status of the lawsuits Kookmin Bank Request for a return of redemption amount 1 ₩ 53,239 Kookmin Bank invested the assets entrusted by OO Asset Management and OO Investment Trust Management in the Fairfield Sentry Limited, and Fairfield Sentry Limited reinvested the assets in Bernard L. Madoff Investment Securities LLC managed by Bernard Madoff (Bernard L. Madoff Investment Securities LLC is in the liquidation process due to Ponzi scheme fraud-related losses). Bankruptcy trustee of Bernard L. Madoff Investment Securities LLC filed a lawsuit against Kookmin Bank seeking to return the amount of redemptions received by Kookmin Bank through Fairfield Sentry Limited. Application for dismissal by the defendant has been denied, and further proceedings are scheduled. [Related litigation is in progress at the New York Southern District Federal Bankruptcy Court (10-3777) at the written complaint review stage] Company Lawsuits No. of Amount Description of the lawsuits Status of the lawsuits Confirm the absence of debt 1 96,200 Galamat-Art LLP is a joint guarantor of the PF loan for the ‘Kazakhstan Almaty City Complex Development Project’ in which Kookmin Bank Co., Ltd. participated as a lender. OO Bank, the agent bank of the lending group, filed a provisional seizure and a lawsuit on the merits of the guarantee debt to the local court against Galamat-Art LLP. And Galamat-Art LLP filed a counterclaim against the lenders, including Kookmin Bank, to confirm the absence of debt denying the joint guarantee obligation. Kookmin Bank won the case in the first and second trials, but the second trial is scheduled to be re-run as the registered shareholders of the Plaintiff filed an objection. Expropriation of long-term leasehold rights 1 316,825 Kookmin Bank invested assets entrusted by DAOL Asset Management Co., Ltd. in loans that are directly or indirectly collateralized by the building and land leasehold rights (hereinafter referred to as “the real estate in this case”) of Union Station in Washington, D.C., the United States. The Plaintiff, who is the operator of the railway facility, filed this lawsuit against those concerned with the real estate in this case, including Kookmin Bank, to expropriate the real estate in this case and determine indemnity. Kookmin Bank submitted the response letter and will proceed with the process in the future. KB Securities Co., Ltd. Request for a return of transaction amount (Australian fund) 1 37,468 The plaintiffs OOOO Securities and OOOO Life Insurance filed lawsuits, claiming that the KB Securities Co., Ltd. provided false information on major matters in the product description while selling JB Australia NDIS Private Fund No.1 (on April 25, 2019, plaintiffs invested ₩50 billion each) (a) (Primary claim) requesting KB Securities Co., Ltd. to return unjust enrichment of ₩100 billion for cancelation of sales contracts of beneficiary certificates due to an error or termination of the contract due to default, (b) (Secondary claim) requesting for compensation for damages in investments amounting to ₩100 billion due to violation of the investor protection obligation and fraudulent transactions of KB Securities Co., Ltd. and OOO Asset Management. The Plaintiff’s complaint price was changed to ₩37.47 billion due to the Plaintiff’s request to change the purpose and cause of the claim on October 11, 2022. First trial is in progress (the pleading resumption has been decided on February 6, 2023, and the 9th pleading is scheduled on April 11, 2023.). b) c) As of December 31, 2022, KB KOLAO Leasing Co., Ltd. is selling LVMC Holdings (formerly Kolao Holdings) allied receivables that are overdue by three months or more to Lanexang Leasing Co., Ltd. in accordance with the agreement. d) As of December 31, 2022, KB Capital Co., Ltd. and PT Sunindo Primasura are required to hold the shares of PT Sunindo Kookmin Best Finance for five years after May 18, 2020, when the purchase of shares was completed. If one party is going to sell all or part of the shares, provide them as collateral, trade or dispose of them, it should give the opportunity to exercise preemption to the other party by providing written proposal including transfer price, payment method, and others. e) KB Securities Co., Ltd., as an investment broker, managed the sale of private equity funds and trusts amounting to ₩326,500 million, which lends to corporations (borrowers) that invest in apartment rental businesses for the disabled in Australia, to individuals and institutional investors. However, management of the fund has been suspended due to the breach of contract by local borrowers in Australia; therefore there is a possibility of losses of principal to these funds subscribers. In this regard, there are three lawsuits in which the Group is a defendant as of December 31, 2022. One of the cases was ruled, on February 7, 2023, ordering the payment of ₩29.8 billion in principal and delayed interest on it; however, the judgment may be changed at the higher court. And the other two cases are still in the first trial. KB Securities Co., Ltd. determined the results of the first trial on February 7, 2023 as an event after the reporting period requiring adjustment, and additionally reflected to the litigation provision in the financial statements as of December 31, 2022. Meanwhile, KB Securities Co., Ltd. filed a requisite for reimbursement lawsuit against JB Asset Management, a fund management company, in this regard, and is currently in the first trial. f) In relation to Lime Asset Management, KB Securities Co., Ltd. has a PIS (Portfolio Index Swap) contract, as of December 31, 2022, associated with ‘Lime Thetis Qualified Investor Private Investment Trust No.2’ and ‘Lime Pluto FI Qualified Investor Private Investment Trust No.D-1’ whose redemption were suspended during the fourth quarter of 2019. The notional amount of the underlying assets of the PIS contract is ₩163,100 million. Meanwhile, the Group sold ₩68,100 million of feeder funds of aforementioned redemption-suspended funds. On October 20, 2020, Lime Asset Management’s license as a fund manager was revoked by the Financial Supervisory Service’s sanctions review committee, and most of its redemption-suspended funds and normal funds have been transferred to Wellbridge Asset Management (the bridge management company) to continue to collect and distribute investments. It is difficult to predict whether and when the aforementioned redemption-suspended funds will be redeemed. In this regard, KB Securities Co., Ltd. faces four claims filed as a defendant as of December 31, 2022. The Group has accounted for the estimated loss due to the possibility of additional lawsuits in the future as a provision for litigations. |
Subsidiaries
Subsidiaries | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Subsidiaries | 41. Subsidiaries 41.1 Details of major consolidated subsidiaries as of December 31, 2022, are as follows: Investor Investee Ownership Location Date of Industry KB Financial Group Inc. Kookmin Bank 100.00 Korea Dec Banking and foreign exchange transaction KB Securities Co., Ltd. 100.00 Korea Dec Financial investment KB Insurance Co., Ltd. 100.00 Korea Dec. Non-life insurance KB Kookmin Card Co., Ltd. 100.00 Korea Dec Credit card and installment financing KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 100.00 Korea Dec Life insurance KB Asset Management Co., Ltd. 100.00 Korea Dec Collective investment and advisory KB Capital Co., Ltd. 100.00 Korea Dec Financial Leasing KB Life Insurance Co., Ltd. 100.00 Korea Dec Life insurance KB Real Estate Trust Co., Ltd. 100.00 Korea Dec Real estate trust management KB Savings Bank Co., Ltd. 100.00 Korea Dec Savings banking KB Investment Co., Ltd. 100.00 Korea Dec Capital investment KB Data System Co., Ltd. 100.00 Korea Dec Software advisory, development, and supply KB Credit Information Co., Ltd. 100.00 Korea Dec Collection of receivables or credit investigation Kookmin Bank Kookmin Bank Cambodia Plc. 100.00 Cambodia Dec Banking and foreign exchange transaction Kookmin Bank (China) Ltd. 100.00 China Dec Banking and foreign exchange transaction KB Microfinance Myanmar Co., Ltd. 100.00 Myanmar Dec Microfinance services PRASAC Microfinance Institution Plc. 100.00 Cambodia Dec Microfinance services PT Bank KB Bukopin Tbk 67.00 Indonesia Dec Banking and foreign exchange transaction Kookmin Bank PT Bank Syariah Bukopin 92.78 Indonesia Dec Banking PT Bukopin Finance 97.03 Indonesia Dec Installment financing KB Bank Myanmar Co., Ltd. 100.00 Myanmar Dec Banking and foreign exchange transaction KB Securities Co., Ltd. KBFG Securities America Inc. 100.00 United States Dec Investment advisory and securities trading KB Securities Hong Kong Ltd. 100.00 China Dec Investment advisory and securities trading KB Securities Vietnam Joint Stock Company 99.81 Vietnam Dec Investment advisory and securities trading KB FINA Joint Stock Company 77.82 Vietnam Dec Investment advisory and securities trading PT KB VALBURY SEKURITAS 65.00 Indonesia Dec Investment advisory and securities trading PT.KB Valbury Capital Management 79.00 Indonesia Dec Financial investment KB Insurance Co., Ltd. Leading Insurance Services, Inc. 100.00 United States Dec Management service KBFG Insurance (China) Co., Ltd. 100.00 China Dec Non-life insurance PT. KB Insurance Indonesia 70.00 Indonesia Dec Non-life insurance KB Claims Survey & Adjusting 100.00 Korea Dec Claim service KB Sonbo CNS 100.00 Korea Dec Management service KB Golden Life Care Co., Ltd. 100.00 Korea Dec Service KB Healthcare Co., Ltd. 100.00 Korea Dec Information and communication Investor Investee Ownership Location Date of Industry KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) KB Life Partners Co., Ltd. 100.00 Korea Dec Insurance agent KB Kookmin Card Co., Ltd. KB Daehan Specialized Bank Plc. 95.71 Cambodia Dec Auto Installment finance PT. KB Finansia Multi Finance 80.00 Indonesia Dec Auto Installment finance KB J Capital Co., Ltd. 50.99 Thailand Dec Service i-Finance Leasing Plc. 100.00 Cambodia Dec Leasing KB Capital Co., Ltd. PT Sunindo Kookmin Best Finance 85.00 Indonesia Dec Auto Installment finance KB Kookmin Card Co., Ltd. KB Capital Co., Ltd. KB KOLAO Leasing Co., Ltd. 80.00 Laos Dec Auto Installment finance Kookmin Bank, KB Data System Co., Ltd. PT KB Data Systems Indonesia 100.00 Indonesia Dec Service KB Asset Management Co., Ltd. KBAM Shanghai Advisory Services Co., Ltd. 100.00 China Dec General advisory KB Asset Management Singapore PTE. LTD. 100.00 Singapore Dec Collective investment 41.2 Details of consolidated structured entities as of December 31, 2022, are as follows: Consolidated structured entities Reasons for consolidation Trusts Kookmin Bank (development trust) and 10 others The Group controls the trust because it has power to determine management performance of the trust and is significantly exposed to variable returns that absorb losses through the guarantees of payment of principal, or payment of principal and fixed rate of return. Asset-backed securitization Taejon Samho The First Co., Ltd. and 119 others The Group controls these investees because it has power over relevant activities in the event of default, is significantly exposed to variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt and has ability to affect those returns through its power. Consolidated structured entities Reasons for consolidation Investment funds and others KB Global Platform Fund and 204 others Funds are consolidated if the Group, as a collective investor or operating manager (member), etc., can manage fund assets on behalf of other investors, or dismiss the collective investor and operating manager, and is substantially exposed to significant variable returns or has such rights. If the Group holds more than half of the ownership interests but does not have the power over relevant activities of structured entities in accordance with agreements with trust and other related parties, those structured entities are excluded from the consolidation. 41.3 Condensed financial information of major subsidiaries as of and for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Assets Liabilities Equity Operating revenue 3 Profit (loss) Total compre-hensive (In millions of Korean won) Kookmin Bank 1 ₩ 483,564,898 ₩ 450,675,985 ₩ 32,888,913 ₩ 26,536,995 ₩ 2,590,764 ₩ 3,265,921 KB Securities Co., Ltd. 1,2 55,493,985 50,008,422 5,485,563 8,543,590 594,301 628,112 KB Insurance Co., Ltd. 1,2 41,472,227 37,328,954 4,143,273 14,131,278 301,836 107,240 KB Kookmin Card Co., Ltd. 1 27,349,561 22,793,920 4,555,641 3,527,354 418,898 442,873 KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 2 26,287,116 23,992,601 2,294,515 1,976,122 336,198 54,587 KB Asset Management Co., 1 375,739 128,589 247,150 254,162 79,899 79,071 KB Capital Co., Ltd. 1,2 14,529,427 12,707,210 1,822,217 1,634,759 209,899 209,719 KB Life Insurance Co., Ltd. 10,634,562 10,174,282 460,280 2,259,301 (46,595 ) (121,847 ) KB Real Estate Trust Co., Ltd. 496,522 119,700 376,822 168,373 81,480 82,299 KB Savings Bank Co., Ltd. 2,601,134 2,339,037 262,097 150,028 18,932 22,526 KB Investment Co., Ltd. 1 1,197,720 922,239 275,481 207,367 55,338 55,340 KB Data System Co., Ltd. 1 44,486 25,911 18,575 174,819 467 1,105 KB Credit Information Co., Ltd. 28,674 12,303 16,371 39,909 388 434 December 31, 2022 2022 Assets Liabilities Equity Operating revenue 3 Profit (loss) Total compre-hensive (In millions of Korean won) Kookmin Bank 1 ₩ 517,769,512 ₩ 484,046,253 ₩ 33,723,259 ₩ 49,436,046 ₩ 2,996,015 ₩ 1,856,632 KB Securities Co., Ltd. 1,2 53,824,246 47,946,933 5,877,313 14,264,399 187,784 263,605 KB Insurance Co., Ltd. 1,2 42,736,747 39,397,167 3,339,580 14,959,264 557,680 (820,382 ) KB Kookmin Card Co., Ltd. 1 29,721,017 24,998,215 4,722,802 3,694,352 378,592 412,208 KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 1,2 24,710,078 23,047,601 1,662,477 2,255,418 250,308 (532,038 ) KB Asset Management Co., 1 369,488 102,970 266,518 233,293 59,345 59,367 KB Capital Co., Ltd. 1,2 16,053,026 13,946,800 2,106,226 1,906,694 217,139 209,808 KB Life Insurance Co., Ltd. 10,136,909 10,050,292 86,617 2,907,001 (64,045 ) (422,048 ) KB Real Estate Trust Co., Ltd. 518,980 113,444 405,536 152,686 67,723 68,714 KB Savings Bank Co., Ltd. 3,138,543 2,854,549 283,994 191,337 21,814 21,897 KB Investment Co., Ltd. 1 1,378,550 1,108,264 270,286 161,210 4,807 4,805 KB Data System Co., Ltd. 1 63,645 40,570 23,075 233,320 3,162 4,546 KB Credit Information Co., Ltd. 42,219 24,923 17,296 36,469 484 924 1 Financial information is 2 Includes fair value adjustments arising from the 3 Operating revenue consists of interest income, fee and commission income, insurance income and others. 41.4 The Characteristics of Risks Associated with Consolidated Structured Entities The terms of contractual arrangements to provide financial support to consolidated structured entities are as follows: 41.4.1 The Group has provided payment guarantees of ₩4,458,840 million to K plus 1st L.L.C and other consolidated structured entities. 41.4.2 The Group has provided capital commitment to 51 consolidated structured entities including KB Sinansan Line Private Special Asset Fund (SOC). The unexecuted amount of the capital commitment is ₩1,822,517 million. Based on the capital commitment, the Group is subject to increase its investment upon the request of the asset management company or the additional agreement among investors. 41.4.3 The Group has provided the guarantees of payment of principal, or principal and fixed rate of return in case the operating results of the trusts are less than the guaranteed principal, or principal and fixed rate of return. 41.5 Changes in Subsidiaries 41.5.1 Subsidiaries newly included in consolidation for the year ended December 31, 2022, are as follows: Company Reasons of obtaining control PT.KB VALBURY SEKURITAS and 30 others Holds more than half of the ownership interests New star Gimpo 4th Co., Ltd. and 55 others Holds the power in the event of default and is exposed to significant variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt KB Korea Short Term Premium Private Securities Fund No.25(USD)(Bond) and 34 others Holds the power to determine the operation of the funds and is exposed to variable returns by holding significant amount of ownership interests KB Tail End Fund and 11 others Holds the power as a general partner and is exposed to variable returns by holding significant amount of ownership interests 41.5.2 Subsidiaries excluded from consolidation for the year ended December 31, 2022, are as follows: Company Reasons of losing control Able Pocheon 1st Co., Ltd. and 60 others Termination of the commitments KB Pre IPO Secondary Venture Fund No.2 and 21 others Liquidation 498 Seventh KOR Holdco LP and 3 other Disposal KB Global Digital-Chain Economy Securities Fund(Equity) and 9 others Decrease in ownership interests to less than majority |
Unconsolidated Structured Entit
Unconsolidated Structured Entities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of unconsolidated structured entities [abstract] | |
Unconsolidated Structured Entities | 42. Unconsolidated Structured Entities 42.1 Nature, purpose, and activities of the unconsolidated structured entities and how the structured entities are financed, are as follows: Nature Purpose Activity Method of financing Structured financing Granting PF loans to SOC and real estate Granting loans to ships/aircrafts SPC Construction of SOC and real estate Building ships, construction and purchase of aircrafts Loan commitments through credit line, providing credit line, and investment agreements Investment funds Investment in beneficiary certificates Investment in PEF and partnerships Management of fund assets Payment of fund fees and allocation of fund profits Sales of beneficiary certificate instruments Investment from general partners and limited partners Trusts Management of financial trusts; —Development trust —General unspecified money trust — Trust whose principal is not guaranteed —Other trusts Management of trusted financial assets Payment of trust fees and allocation of trust profits. Sales of trusted financial assets Asset-backed securitization Early cash generation through transfer of securitized assets Fees earned through services to SPC, such as providing lines of credit and ABCP purchase commitments Fulfillment of asset-backed securitization plan Purchase and collection of securitized assets Issuance and repayment of ABS and ABCP Issuance of ABS and ABCP based on securitized assets 42.2 Details of scale of unconsolidated structured entities and nature of the risks associated with the Group’s interests in unconsolidated structured entities as of December 31, 2021 and 2022, are as follows: December 31, 2021 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 89,647,771 ₩ 416,401,893 ₩ 3,005,720 ₩ 144,897,727 ₩ 653,953,111 Carrying amount in the financial statements Assets: Financial assets at fair value through profit or loss ₩ 126,086 ₩ 13,340,292 ₩ 90,348 ₩ 3,602,631 ₩ 17,159,357 Derivative financial assets — — — 181 181 Loans measured at amortized cost 8,290,514 479,452 265,173 1,194,705 10,229,844 Financial investments — — — 8,084,101 8,084,101 Investments in associates — 292,315 — — 292,315 Other assets 2,496 3,111 119,630 15,638 140,875 ₩ 8,419,096 ₩ 14,115,170 ₩ 475,151 ₩ 12,897,256 ₩ 35,906,673 Liabilities: Deposits ₩ 650,834 ₩ 58,348 ₩ — ₩ 330,592 ₩ 1,039,774 Derivative financial liabilities — — — 437 437 Other liabilities 8,196 289 — 32,179 40,664 ₩ 659,030 ₩ 58,637 ₩ — ₩ 363,208 ₩ 1,080,875 Maximum exposure * Assets held ₩ 8,419,096 ₩ 14,115,170 ₩ 475,151 ₩ 12,897,256 ₩ 35,906,673 Purchase and investment commitments — 6,131,739 131,102 499,682 6,762,523 Unused credit 855,322 — — 4,990,797 5,846,119 Acceptances and guarantees and loan commitments 1,544,394 — 15,890 496,284 2,056,568 ₩ 10,818,812 ₩ 20,246,909 ₩ 622,143 ₩ 18,884,019 ₩ 50,571,883 Methods of determining the maximum exposure Loan Investments / Trust Providing December 31, 2022 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 110,862,054 ₩ 435,585,129 ₩ 5,516,039 ₩ 144,018,286 ₩ 695,981,508 Carrying amount in the financial statements Assets: Financial assets at fair value through profit or loss ₩ 105,637 ₩ 12,963,303 ₩ 298,169 ₩ 3,566,948 ₩ 16,934,057 Loans measured at amortized cost 8,829,758 469,777 163,220 3,037,021 12,499,776 Financial investments 1,012 — — 7,893,604 7,894,616 Investments in associates — 335,746 — — 335,746 Other assets 6,663 1,504 242,853 5,950 256,970 ₩ 8,943,070 ₩ 13,770,330 ₩ 704,242 ₩ 14,503,523 ₩ 37,921,165 Liabilities: Deposits ₩ 1,596,011 ₩ 41,288 ₩ — ₩ 219,641 ₩ 1,856,940 Derivative financial liabilities 437 2,102 — 698 3,237 Other liabilities 3,044 11 — 54,425 57,480 ₩ 1,599,492 ₩ 43,401 ₩ — ₩ 274,764 ₩ 1,917,657 Maximum exposure * Assets held ₩ 8,943,070 ₩ 13,770,330 ₩ 704,242 ₩ 14,503,523 ₩ 37,921,165 Purchase and investment commitments 227,098 6,301,588 144,269 678,564 7,351,519 Unused credit 1,380,348 — 8,547 6,161,171 7,550,066 Acceptances and guarantees and loan commitments 1,015,619 — — 20,000 1,035,619 ₩ 11,566,135 ₩ 20,071,918 ₩ 857,058 ₩ 21,363,258 ₩ 53,858,369 Methods of determining the maximum exposure Loan Investments / Trust Providing * Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Related Party Transactions | 43. Related Party Transactions According to IAS No.24, the Group includes investments in associates, key management personnel (including family members), and post-employment benefit plans of the Group and its related party companies in the scope of related parties. The Group discloses balances (receivables and payables) and other amounts arising from transactions with related parties in the notes to the consolidated financial statements. Refer to Note 13 for details of investments in associates and joint ventures. 43.1 Details of significant profit or loss arising from transactions with related parties for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Fee and commission income ₩ 6,817 ₩ 5,689 ₩ 5,194 Korea Credit Bureau Co., Ltd. Interest expense 7 6 1 Fee and commission income 957 910 649 Insurance income 5 4 4 Fee and commission expense 3,280 4,256 3,973 Other operating expenses 1 11 15 KB GwS Private Securities Investment Trust * Fee and commission income 853 146 — Incheon Bridge Co., Ltd. Interest income 4,345 4,069 7,516 Interest expense 334 158 517 Fee and commission income 23 22 23 Fee and commission expense 6 6 6 Insurance income 279 230 212 Gains on financial instruments at fair value through profit or loss 899 — — Losses on financial instruments at fair value through profit or loss — 1,374 4,434 Reversal of credit losses — 444 28 Provision for credit losses 472 1 9 Kendai Co.,Ltd. Other non-operating expenses — — 3 KoFC POSCO Hanwha KB Shared Growth Private Equity Fund No.2 Fee and commission income 12 — — Aju Good Technology Venture Fund Interest expense 18 27 108 KB Star Office Private Real Estate Master Fund No.1 * Interest income 371 370 — Interest expense 61 5 2 Fee and commission income 436 435 276 RAND Bio Science Co., Ltd. Interest expense 11 — — Star-Lord General Investors Private Real Estate Investment Company No.10 Insurance income — — 97 Interest income — — 3,098 Interest expense — — 413 Provision for credit losses — — 1 General and administrative expenses — — 5,562 SY Auto Capital Co., Ltd. Interest income 1,097 941 889 Interest expense 2 — — Fee and commission income 39 88 47 Fee and commission expense 132 15 10 Insurance income 40 42 43 Other operating income 1,709 710 487 Other operating expenses 121 64 32 Reversal of credit losses 17 11 — Provision for credit losses — — 9 2020 2021 2022 (In millions of Korean won) Food Factory Co., Ltd. Interest income 52 70 80 Interest expense 12 5 6 Insurance income 5 9 10 Fee and commission income — — 1 Fee and commission expense 4 2 — Gains on financial instruments at fair value through profit or loss 72 — 33 Losses on financial instruments at fair value through profit or loss — 1 — Reversal of credit losses — 6 1 Provision for credit losses 8 — — KB Pre IPO Secondary Venture Fund No.1 * Interest expense 3 1 — Fee and commission income 110 110 1,204 KB Private Equity Fund No.3 * Fee and commission income 463 — — Acts Co., Ltd. Interest income 1 — — Insurance income — 1 2 Dongjo Co., Ltd. Insurance income 1 1 — Interest income — — 9 A-PRO Co., Ltd. * Interest income 7 — — Interest expense 1 — — Insurance income 1 — — Provision for credit losses 1 — — POSCO-KB Shipbuilding Fund Fee and commission income 387 213 177 Dae-A Leisure Co., Ltd. Interest expense 7 2 — Paycoms Co., Ltd. Interest income 10 10 7 Gains on financial instruments at fair value through profit or loss 69 42 39 Big Dipper Co., Ltd. Interest expense — — 1 Fee and commission expense 768 655 393 KB-KDBC Pre-IPO New Technology Business Investment Fund Interest expense 23 1 1 Fee and commission income 300 190 129 KB-TS Technology Venture Private Equity Fund Fee and commission income 126 285 185 KB-SJ Tourism Venture Fund Fee and commission income 338 279 209 Banksalad Co., Ltd. Gains on financial instruments at fair value through profit or loss 1,636 613 — Losses on financial instruments at fair value through profit or loss — 663 — Fee and commission income 36 36 36 Fee and commission expense 5 48 17 Iwon Alloy Co., Ltd. Insurance income 1 — 1 Bioprotect Ltd. Gains on financial instruments at fair value through profit or loss — 293 — Losses on financial instruments at fair value through profit or loss 216 — — 2020 2021 2022 (In millions of Korean won) RMGP Bio-Pharma Investment Fund, L.P. Fee and commission income 27 38 43 Gains on financial instruments at fair value through profit or loss — 531 — Losses on financial instruments at fair value through profit or loss 489 2,373 — RMGP Bio-Pharma Investment, L.P. Losses on financial instruments at fair value through profit or loss 1 — — KB-MDI Centauri Fund LP Fee and commission income 308 401 487 Gains on financial instruments at fair value through profit or loss — 551 — Losses on financial instruments at fair value through profit or loss 322 284 — Hibiscus Fund LP Fee and commission income — 372 524 Gains on financial instruments at fair value through profit or loss — 113 — RMG-KB BioAccess Fund L.P. Fee and commission income — 57 325 Gains on financial instruments at fair value through profit or loss — 5 — S&E Bio Co., Ltd. Interest expense 1 1 2 Contents First Inc. Interest income — — 128 Interest expense 14 83 34 Fee and commission income — — 1 Provision for credit losses — — 1 December & Company Inc. Interest expense 1 — — Insurance income — 109 174 GENINUS Inc. * Interest expense 70 29 12 Gains on financial instruments at fair value through profit or loss — 4,009 — Provision for credit losses — 6 — Pin Therapeutics Inc. Interest expense — — 110 Wyatt Corp. Insurance income 63 87 142 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund Interest expense 40 17 6 Fee and commission income 734 514 423 Spark Biopharma Inc. Interest expense — 7 272 Skydigital Inc. Fee and commission income 4 3 3 Il-Kwang Electronic Materials Co., Ltd. Other non-operating expenses — — 1 SO-MYUNG Recycling Co., Ltd. Other non-operating expenses — — 2 KB No.17 Special Purpose Acquisition Company * Gains on financial instruments at fair value through profit or loss 4 — — Losses on financial instruments at fair value through profit or loss — 1,388 — Interest expense 25 14 1 KB No.18 Special Purpose Acquisition Company * Gains on financial instruments at fair value through profit or loss 84 8 — Interest expense 31 20 5 2020 2021 2022 (In millions of Korean won) KB No.19 Special Purpose Acquisition Company * Gains on financial instruments at fair value through profit or loss 11 36 — Interest expense 13 9 5 KB No.20 Special Purpose Acquisition Company * Fee and commission income 210 — — Gains on financial instruments at fair value through profit or loss 1,568 68 — Interest expense 25 15 22 KB No.21 Special Purpose Acquisition Company * Fee and commission income — — 263 Gains on financial instruments at fair value through profit or loss — — 1,469 Interest expense — — 30 KB No.22 Special Purpose Acquisition Company Fee and commission income — — 175 Gains on financial instruments at fair value through profit or loss — — 982 Interest expense — — 1 KB No.23 Special Purpose Acquisition Company Gains on financial instruments at fair value through profit or loss — — 1,476 Interest expense — — 23 KB No.24 Special Purpose Acquisition Company Interest expense — — 1 KB SPROTT Renewable Private Equity Fund No.1 Fee and commission income 488 487 345 KB-Stonebridge Secondary Private Equity Fund Fee and commission income 1,442 550 706 COSES GT Co., Ltd. Interest income 6 18 23 Interest expense — 1 1 Provision for credit losses 4 — 3 Reversal of credit losses — 3 — IDTECK Co., Ltd. Insurance income — 1 — Mantisco Co., Ltd. Interest expense — 1 1 SuperNGine Co., Ltd. Interest expense — 1 — Desilo Inc. Interest income — 1 9 Provision for credit losses — 2 — Turing Co., Ltd. Interest expense — 1 1 IGGYMOB Co., Ltd. Interest expense — 1 1 Kukka Co., Ltd. Interest expense — — 2 ZIPDOC Inc. Interest expense — — 1 Reversal of credit losses — — 3 TeamSparta Inc. Interest expense — — 19 Chabot Mobility Co., Ltd. Interest expense — — 1 Fee and commission expense — — 824 Wemade Connect Co., Ltd. Insurance income — — 3 Interest expense — — 81 Reversal of credit losses — — 1 TMAP Mobility Co., Ltd. Interest expense — — 226 Fee and commission expense — — 78 Nextrade Co., Ltd. Interest expense — — 263 WJ Private Equity Fund No.1 Fee and commission income 5 7 7 2020 2021 2022 (In millions of Korean won) UPRISE, Inc. Interest income 2 5 — Interest expense — 1 3 Provision for credit losses 1 — — Reversal of credit losses — 1 — Channel Corporation Interest expense — — 43 CWhy Inc. Losses on financial instruments at fair value through profit or loss 2,000 — — Insurance income — — 2 CellinCells Co., Ltd. Interest expense 4 — — Bomapp Inc. Fee and commission expense 9 5 — Insurance income 8 — — Losses on financial instruments at fair value through profit or loss — 1,980 — KB Social Impact Investment Fund Fee and commission income 300 300 286 KB-UTC Inno-Tech Venture Fund Fee and commission income 371 471 449 KBSP Private Equity Fund No.4 Fee and commission income 480 389 211 KB-NAU Special Situation Corporate Restructuring Private Equity Fund Fee and commission income 237 1,198 561 JR Global REIT * Fee and commission income 6,210 — — IGIS No.371 Professional Investors’ Real Estate Investment Company * Fee and commission income 200 — — Koreit Tower Real Estate Investment Trust Company * Fee and commission income 2,852 — — 2020 KB Fintech Renaissance Fund Fee and commission income 60 147 147 KB Material and Parts No.1 PEF Fee and commission income 63 353 353 FineKB Private Equity Fund No.1 Fee and commission income 38 540 641 Paramark KB Fund No.1 Fee and commission income — 100 356 KB-Badgers Future Mobility ESG Fund No.1 Fee and commission income — — 905 KB Bio Private Equity No.3 Ltd.* Fee and commission income — 324 4,035 K The 15th REIT Co., Ltd. * Fee and commission income — 500 — Insurance income — 1 — KB-KTB Technology Venture Fund Fee and commission income — — 600 THE CHAEUL FUND NO.1 Fee and commission income — — 82 Bluepointpartners Inc. Gains on financial instruments at fair value through profit or loss — 846 — Losses on financial instruments at fair value through profit or loss 68 — — KB-Solidus Global Healthcare Fund Fee and commission income 777 167 350 SwatchOn Inc.* Fee and commission income 9 8 5 Interest expense 47 10 5 Gomi corporation Inc. Interest income — 19 61 Interest expense — 1 2 Fee and commission income — — 1 Provision for credit losses — 13 3 BNF Corporation Ltd. * Interest income 401 — — Fee and commission income 2 — — Provision for credit losses 8 — — KB Cape No.1 Private Equity Fund Fee and commission income 144 144 72 Losses on financial instruments at fair value through profit or loss — 69 — 2020 2021 2022 (In millions of Korean won) Keystone-Hyundai Securities No.1 Private Equity Fund * Fee and commission income 115 43 — KB-GeneN Medical Venture Fund No.1 Fee and commission income — — 76 KB-BridgePole Venture Investment Fund Fee and commission income — — 118 KB-Kyobo New Mobility Power Fund Fee and commission income — — 69 KB Co-Investment Private Equity Fund No.1 Fee and commission income — — 483 KB-NP Green ESG New Technology Venture Capital Fund Fee and commission income — — 435 Others Retirement pension Fee and commission income 1,077 1,338 1,352 Interest expense 3 9 39 * Excluded from the Group’s related party as of December 31, 2022. Meanwhile, the Group purchased installment financial assets, etc. from SY Auto Capital Co., Ltd. amounting to ₩878,690 million and ₩486,586 million for the years ended December 31, 2021 and 2022, respectively. 43.2 Details of significant outstanding balances of receivables and payables arising from transactions with related parties as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Other assets ₩ 1,427 ₩ 1,306 Korea Credit Bureau Co., Ltd. Loans measured at amortized cost (gross amount) 36 38 Deposits 10,200 27,889 Provisions — 2 Insurance liabilities 1 1 Incheon Bridge Co., Ltd. Financial assets at fair value through profit or loss 37,382 32,948 Loans measured at amortized cost (gross amount) 114,107 95,211 Allowances for credit losses 26 12 Other assets 423 615 Deposits 35,487 48,639 Provisions 24 18 Insurance liabilities 79 89 Other liabilities 99 446 Jungdo Co., Ltd. Deposits 4 4 Dae-A Leisure Co., Ltd. Deposits 17 154 Aju Good Technology Venture Fund Deposits 6,286 7,222 Other liabilities 10 73 KB Star Office Private Real Estate Master Fund No.1 * Loans measured at amortized cost (gross amount) 10,000 — Allowances for credit losses 5 — Other assets 138 — Deposits 2,578 — December 31, 2021 December 31, 2022 (In millions of Korean won) Star-Lord General Investors Private Real Estate Investment Company No.10 Loans measured at amortized cost (gross amount) — 149,294 Allowances for credit losses — 1 Property and equipment — 9,915 Other assets — 8,591 Insurance liabilities — 46 Other liabilities — 14,227 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund Deposits 1,524 1,526 Other liabilities — 1 WJ Private Equity Fund No.1 Other assets 2 2 Deposits 260 221 KB Cape No.1 Private Equity Fund Financial assets at fair value through profit or loss 1,591 2,017 Other assets 73 — RAND Bio Science Co., Ltd. Deposits 443 3 Loans measured at amortized cost (gross amount) 1 — SY Auto Capital Co., Ltd. Loans measured at amortized cost (gross amount) 40,074 40,040 Allowances for credit losses 68 55 Other assets 630 63 Deposits 17 10 Insurance liabilities 14 14 Other liabilities 36 5 Food Factory Co., Ltd. Financial assets at fair value through profit or loss 663 696 Loans measured at amortized cost (gross amount) 3,553 3,345 Allowances for credit losses 4 4 Other assets 2 4 Deposits 839 664 Insurance liabilities 8 8 Other liabilities 6 1 KB Pre IPO Secondary Venture Fund No.1 * Deposits 103 — Acts Co., Ltd *. Deposits 154 — Insurance liabilities 2 — Other liabilities 100 — POSCO-KB Shipbuilding Fund Other assets 213 177 Paycoms Co., Ltd. Other assets 1 — Financial assets at fair value through profit or loss 1,269 1,172 Deposits 1 1 Big Dipper Co., Ltd. Loans measured at amortized cost (gross amount) 17 18 Deposits — 19 December 31, 2021 December 31, 2022 (In millions of Korean won) KB-KDBC Pre-IPO New Technology Business Investment Fund Deposits 904 317 Iwon Alloy Co., Ltd. Deposits — 1 Insurance liabilities 1 1 Computerlife Co., Ltd. Deposits — 3 RMGP Bio-Pharma Investment Fund, L.P. Financial assets at fair value through profit or loss 5,423 6,384 Other liabilities 79 36 RMGP Bio-Pharma Investment, L.P. Financial assets at fair value through profit or loss 14 17 Wyatt Corp. Financial assets at fair value through profit or loss 6,000 6,000 Deposits 1 1 Insurance liabilities 94 75 Skydigital Inc. Deposits 85 10 Banksalad Co., Ltd. Financial assets at fair value through profit or loss 9,090 10,470 Spark Biopharma Inc. Financial assets at fair value through profit or loss 4,950 7,450 Loans measured at amortized cost (gross amount) 17 17 Deposits 6,015 17,534 Other liabilities 3 91 UPRISE, Inc. Financial assets at fair value through profit or loss 1,250 5,248 Deposits 4,001 27 Stratio, Inc. Financial assets at fair value through profit or loss 1,000 1,000 Honest Fund, Inc. Financial assets at fair value through profit or loss 3,999 3,999 CellinCells Co., Ltd. Financial assets at fair value through profit or loss 2,000 2,000 Loans measured at amortized cost (gross amount) 6 7 Deposits 38 37 Channel Corporation Financial assets at fair value through profit or loss 14,551 18,099 Deposits — 3,000 Other liabilities — 21 Jo Yang Industrial Co., Ltd. Deposits 1 — KB No.17 Special Purpose Acquisition Company * Financial assets at fair value through profit or loss 1,301 — Deposits 1,687 — Other liabilities 12 — KB No.18 Special Purpose Acquisition Company * Financial assets at fair value through profit or loss 3,881 — Deposits 2,077 — Other liabilities 12 — December 31, 2021 December 31, 2022 (In millions of Korean won) KB No.19 Special Purpose Acquisition Company * Financial assets at fair value through profit or loss 2,091 — Deposits 1,013 — Other liabilities 5 — KB No.20 Special Purpose Acquisition Company* Financial assets at fair value through profit or loss 3,135 — Deposits 1,681 — Other liabilities 3 — KB No.21 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 2,959 Deposits — 2,263 Other liabilities — 29 KB No.22 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 1,972 Deposits — 1,948 KB No.23 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 2,971 Deposits — 2,205 Other liabilities — 22 KB No.24 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 6,975 Deposits — 9,983 Other liabilities — 1 COSES GT Co., Ltd. Financial assets at fair value through profit or loss 4,930 4,930 Loans measured at amortized cost (gross amount) 515 506 Allowances for credit losses 2 4 Other assets 1 2 Deposits 1,939 1,213 IDTECK Co., Ltd. Insurance liabilities 1 — Bomapp Inc. * Financial assets at fair value through profit or loss 19 — Deposits — 1 MitoImmune Therapeutics Financial assets at fair value through profit or loss 7,000 7,000 KB-Solidus Global Healthcare Fund Other assets 620 350 Bioprotect Ltd. Financial assets at fair value through profit or loss 3,557 3,802 Gomi corporation Inc. Financial assets at fair value through profit or loss 2,500 4,000 Loans measured at amortized cost (gross amount) 2,233 2,234 Allowances for credit losses 12 17 Other assets 4 5 Deposits 3,188 915 Other liabilities 1 1 Copin Communications, Inc. * Financial assets at fair value through profit or loss 4,801 — December 31, 2021 December 31, 2022 (In millions of Korean won) Go2joy Co., Ltd. Financial assets at fair value through profit or loss 1,200 1,200 ClavisTherapeutics, Inc. Financial assets at fair value through profit or loss 2,000 2,000 S&E Bio Co., Ltd. Financial assets at fair value through profit or loss 2,000 4,000 Loans measured at amortized cost (gross amount) — 10 Deposits 263 6,419 Bluepointpartners Inc. Financial assets at fair value through profit or loss 2,278 2,133 4N Inc. Financial assets at fair value through profit or loss 200 200 Deposits 39 5 Xenohelix Co., Ltd. Financial assets at fair value through profit or loss 2,100 2,100 Contents First Inc. Financial assets at fair value through profit or loss 7,277 7,277 Loans measured at amortized cost (gross amount) — 10,017 Allowances for credit losses — 1 Other assets — 2 Deposits 12,650 5,010 Other liabilities 57 21 KB-MDI Centauri Fund LP Financial assets at fair value through profit or loss 9,633 17,471 Other assets 104 470 2020 KB Fintech Renaissance Fund Other assets — 37 OKXE Inc. Financial assets at fair value through profit or loss 800 800 GENINUS Inc. * Financial assets at fair value through profit or loss 5,855 — Loans measured at amortized cost (gross amount) 17 — Allowances for credit losses 6 — Deposits 34,415 — Other liabilities 2 — Mantisco Co., Ltd. Loans measured at amortized cost (gross amount) 1 15 Financial assets at fair value through profit or loss 3,000 3,000 Deposits 386 623 Pin Therapeutics Inc. Loans measured at amortized cost (gross amount) — 13 Financial assets at fair value through profit or loss 3,000 5,000 Deposits — 6,033 Other liabilities — 18 December 31, 2021 December 31, 2022 (In millions of Korean won) IMBiologics Corp. Loans measured at amortized cost (gross amount) 4 4 Financial assets at fair value through profit or loss 5,000 5,000 SuperNGine Co., Ltd. Loans measured at amortized cost (gross amount) 2 6 Deposits 944 17 Financial assets at fair value through profit or loss 1,996 1,996 Desilo Inc. Financial assets at fair value through profit or loss 3,168 3,168 Loans measured at amortized cost (gross amount) 301 300 Allowances for credit losses 2 2 Deposits 168 1 Turing Co., Ltd. Financial assets at fair value through profit or loss 3,000 3,000 Deposits 1,054 2,788 IGGYMOB Co., Ltd. Financial assets at fair value through profit or loss 5,000 5,000 Loans measured at amortized cost (gross amount) 6 15 Deposits 2,938 254 Kukka Co., Ltd. Financial assets at fair value through profit or loss — 2,490 ZIPDOC Inc. Financial assets at fair value through profit or loss — 2,000 Deposits — 915 TeamSparta Inc. Financial assets at fair value through profit or loss — 4,001 Deposits — 12,502 Other liabilities — 6 Chabot Mobility Co., Ltd. Financial assets at fair value through profit or loss — 2,000 Deposits — 86 Wemade Connect Co., Ltd. Financial assets at fair value through profit or loss — 12,000 Loans measured at amortized cost (gross amount) — 52 Provisions — 2 Deposits — 10,370 Insurance liabilities — 2 Other liabilities — 28 Nextrade Co., Ltd. Deposits — 56,202 Other liabilities — 263 TMAP Mobility Co., Ltd. Deposits — 30,000 Other liabilities — 76 FutureConnect Co., Ltd. Financial assets at fair value through profit or loss — 1,499 Gushcloud Talent Agency Financial assets at fair value through profit or loss — 4,165 December 31, 2021 December 31, 2022 (In millions of Korean won) Grinergy Financial assets at fair value through profit or loss — 2,500 NexThera Co., Ltd. Financial assets at fair value through profit or loss — 2,000 FineKB Private Equity Fund No.1 Other assets 153 160 Paramark KB Fund No.1 Other liabilities 200 34 December & Company Inc. Deposits 1 1 Insurance liabilities 10 9 KB Social Impact Investment Fund Other assets 150 436 Checkmate Therapeutics Inc. Financial assets at fair value through profit or loss 2,200 3,200 Insurance liabilities — 3 G1 Playground Co., Ltd. Financial assets at fair value through profit or loss 1,000 1,000 Deposits 354 — Hibiscus Fund LP Financial assets at fair value through profit or loss 4,731 10,221 Other assets 251 — Other liabilities — 257 RMG-KB BioAccess Fund L.P. Financial assets at fair value through profit or loss 353 2,753 RMG-KB BP Management Ltd. Financial assets at fair value through profit or loss 7 77 SwatchOn Inc.* Financial assets at fair value through profit or loss 3,345 — Loans measured at amortized cost (gross amount) 73 — Deposits 686 — KB Co-Investment Private Equity Fund No.1 Other assets — 191 Key management personnel Loans measured at amortized cost (gross amount) 4,591 6,299 Allowances for credit losses 2 3 Other assets 4 7 Deposits 16,996 17,618 Provisions 1 1 Insurance liabilities 2,471 2,374 Other liabilities 345 387 Others Retirement pension Other assets 369 778 Other liabilities 5,014 10,141 * Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. 43.3 Details of significant lending transactions with related parties for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Loan Collection Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 36 ₩ 36 ₩ (36 ) ₩ 36 Incheon Bridge Co., Ltd. 171,758 7 (20,276 ) 151,489 KB Star Office Private Real Estate Master Fund No.1* 10,000 — — 10,000 KB Cape No.1 Private Equity Fund 2,000 — (409 ) 1,591 RAND Bio Science Co., Ltd. 1 1 (1 ) 1 SY Auto Capital Co., Ltd. 40,060 74 (60 ) 40,074 Food Factory Co., Ltd. 3,872 397 (53 ) 4,216 Paycoms Co., Ltd. 1,226 43 — 1,269 Big Dipper Co., Ltd. 4 17 (4 ) 17 RMGP Bio-Pharma Investment Fund, L.P. 4,250 1,173 — 5,423 RMGP Bio-Pharma Investment, L.P. 9 5 — 14 Wyatt Corp. 6,000 — — 6,000 Banksalad Co., Ltd. 9,141 — (51 ) 9,090 UPRISE, Inc. 750 1,000 (500 ) 1,250 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. 3,999 — — 3,999 CellinCells Co., Ltd. 2,024 6 (24 ) 2,006 KB No.17 Special Purpose Acquisition Company* 2,687 — (1,386 ) 1,301 KB No.18 Special Purpose Acquisition Company* 3,873 8 — 3,881 KB No.19 Special Purpose Acquisition Company* 2,055 36 — 2,091 KB No.20 Special Purpose Acquisition Company* 3,067 68 — 3,135 COSES GT Co., Ltd. 5,430 15 — 5,445 Bomapp Inc.* 1,999 — (1,980 ) 19 Channel Corporation 4,551 10,000 — 14,551 MitoImmune Therapeutics 5,000 2,000 — 7,000 Bioprotect Ltd. 3,264 293 — 3,557 Gomi corporation Inc. 509 4,233 (9 ) 4,733 Copin Communications, Inc.* 1,500 3,301 — 4,801 Go2joy Co., Ltd. 1,200 — — 1,200 ClavisTherapeutics, Inc. 2,000 — — 2,000 S&E Bio Co., Ltd. 2,000 — — 2,000 Bluepointpartners Inc. 1,432 846 — 2,278 4N Inc. 200 — — 200 Xenohelix Co., Ltd. 2,100 — — 2,100 Contents First Inc. 6,146 1,131 — 7,277 KB-MDI Centauri Fund LP 4,280 5,353 — 9,633 SwatchOn Inc.* 3,404 73 (59 ) 3,418 OKXE Inc. 800 — — 800 GENINUS Inc.* 5,599 273 — 5,872 Checkmate Therapeutics Inc. — 2,200 — 2,200 Mantisco Co., Ltd. — 3,001 — 3,001 IMBiologics Corp. — 5,004 — 5,004 Spark Biopharma Inc. — 4,967 — 4,967 G1 Playground Co., Ltd. — 1,000 — 1,000 Pin Therapeutics Inc. — 3,000 — 3,000 Hibiscus Fund LP — 4,731 — 4,731 SuperNGine Co., Ltd. — 1,998 — 1,998 Desilo Inc. — 3,469 — 3,469 2021 Beginning Loan Collection Ending (In millions of Korean won) RMG-KB BioAccess Fund L.P. — 353 — 353 RMG-KB BP Management Ltd. — 7 — 7 IGGYMOB Co., Ltd. — 5,006 — 5,006 Turing Co., Ltd. — 3,000 — 3,000 Key management personnel 5,153 3,421 (3,983 ) 4,591 * Excluded from the Group’s related party as of December 31, 2021. 2022 Beginning Loan Collection Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 36 ₩ 38 ₩ (36 ) ₩ 38 Incheon Bridge Co., Ltd. 151,489 11 (23,341 ) 128,159 Star-Lord General Investors Private Real Estate Investment Company No.10 — 150,000 (706 ) 149,294 KB Star Office Private Real Estate Master Fund No.1* 10,000 — (10,000 ) — KB Cape No.1 Private Equity Fund 1,591 426 — 2,017 RAND Bio Science Co., Ltd. 1 — (1 ) — SY Auto Capital Co., Ltd. 40,074 40 (74 ) 40,040 Food Factory Co., Ltd. 4,216 1,541 (1,716 ) 4,041 Paycoms Co., Ltd. 1,269 — (97 ) 1,172 Big Dipper Co., Ltd. 17 18 (17 ) 18 RMGP Bio-Pharma Investment Fund, L.P. 5,423 961 — 6,384 RMGP Bio-Pharma Investment, L.P. 14 3 — 17 Wyatt Corp. 6,000 — — 6,000 Banksalad Co., Ltd. 9,090 1,380 — 10,470 UPRISE, Inc. 1,250 3,998 — 5,248 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. 3,999 — — 3,999 CellinCells Co., Ltd. 2,006 7 (6 ) 2,007 KB No.17 Special Purpose Acquisition Company* 1,301 — (1,301 ) — KB No.18 Special Purpose Acquisition Company* 3,881 — (3,881 ) — KB No.19 Special Purpose Acquisition Company* 2,091 — (2,091 ) — KB No.20 Special Purpose Acquisition Company* 3,135 — (3,135 ) — KB No.21 Special Purpose Acquisition Company — 2,959 — 2,959 KB No.22 Special Purpose Acquisition Company — 1,972 — 1,972 KB No.23 Special Purpose Acquisition Company — 2,971 — 2,971 KB No.24 Special Purpose Acquisition Company — 6,975 — 6,975 COSES GT Co., Ltd. 5,445 6 (15 ) 5,436 Bomapp Inc.* 19 — (19 ) — Channel Corporation 14,551 3,548 — 18,099 MitoImmune Therapeutics 7,000 — — 7,000 Bioprotect Ltd. 3,557 245 — 3,802 Gomi corporation Inc. 4,733 1,534 (33 ) 6,234 Copin Communications, Inc.* 4,801 — (4,801 ) — Go2joy Co., Ltd. 1,200 — — 1,200 ClavisTherapeutics, Inc. 2,000 — — 2,000 S&E Bio Co., Ltd. 2,000 2,010 — 4,010 Bluepointpartners Inc. 2,278 — (145 ) 2,133 4N Inc. 200 — — 200 2022 Beginning Loan Collection Ending (In millions of Korean won) Xenohelix Co., Ltd. 2,100 — — 2,100 Contents First Inc. 7,277 10,017 — 17,294 KB-MDI Centauri Fund LP 9,633 7,838 — 17,471 SwatchOn Inc.* 3,418 — (3,418 ) — OKXE Inc. 800 — — 800 GENINUS Inc.* 5,872 — (5,872 ) — Checkmate Therapeutics Inc. 2,200 1,000 — 3,200 Mantisco Co., Ltd. 3,001 15 (1 ) 3,015 IMBiologics Corp. 5,004 4 (4 ) 5,004 Spark Biopharma Inc. 4,967 2,517 (17 ) 7,467 G1 Playground Co., Ltd. 1,000 — — 1,000 Pin Therapeutics Inc. 3,000 2,013 — 5,013 Hibiscus Fund LP 4,731 5,490 — 10,221 SuperNGine Co., Ltd. 1,998 6 (2 ) 2,002 Desilo Inc. 3,469 — (1 ) 3,468 RMG-KB BioAccess Fund L.P. 353 2,400 — 2,753 RMG-KB BP Management Ltd. 7 70 — 77 IGGYMOB Co., Ltd. 5,006 15 (6 ) 5,015 Turing Co., Ltd. 3,000 — — 3,000 Kukka Co., Ltd. — 2,490 — 2,490 ZIPDOC Inc. — 2,000 — 2,000 Gushcloud Talent Agency — 4,165 — 4,165 Grinergy — 2,500 — 2,500 NexThera Co., Ltd. — 2,000 — 2,000 Chabot Mobility Co., Ltd. — 2,000 — 2,000 TeamSparta Inc. — 4,001 — 4,001 FutureConnect Co., Ltd. — 1,499 — 1,499 Wemade Connect Co., Ltd. — 12,052 — 12,052 Key management personnel 4,591 4,527 (2,819 ) 6,299 * Excluded from the Group’s related party as of December 31, 2022. 43.4 Details of significant borrowing transactions with related parties for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 19,982 ₩ — ₩ (1,000 ) ₩ (8,782 ) ₩ 10,200 Incheon Bridge Co., Ltd. 39,520 15,000 (20,000 ) 967 35,487 Jungdo Co., Ltd. 4 — — — 4 Dae-A Leisure Co., Ltd. 636 — (479 ) (140 ) 17 Skydigital Inc. 15 — — 70 85 Jo Yang Industrial Co., Ltd. 2 — — (1 ) 1 Aju Good Technology Venture Fund 3,093 3,840 (1,442 ) 795 6,286 KB-KDBC Pre-IPO New Technology Business Investment Fund 923 — — (19 ) 904 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund 8,097 — — (6,573 ) 1,524 Neomio Corp. 2 535 — — (535 ) — 2021 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) WJ Private Equity Fund No.1 349 — — (89 ) 260 KB Star Office Private Real Estate Master Fund 2 4,255 — (1,770 ) 93 2,578 SY Auto Capital Co., Ltd. 6 — — 11 17 KB No.17 Special Purpose Acquisition Company 2 1,711 1,546 (1,525 ) (45 ) 1,687 KB No.18 Special Purpose Acquisition Company 2 2,101 2,016 (2,063 ) 23 2,077 KB No.19 Special Purpose Acquisition Company 2 1,053 1,000 (1,000 ) (40 ) 1,013 KB No.20 Special Purpose Acquisition Company 2 1,716 1,534 (1,522 ) (47 ) 1,681 RAND Bio Science Co., Ltd. 693 — (400 ) 150 443 Food Factory Co., Ltd. 1,555 507 (500 ) (723 ) 839 Acts Co., Ltd. 2 18 — — 136 154 Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. 1 — — (1 ) — Wyatt Corp. 1 — — — 1 Stratio, Inc. 13 — — (13 ) — UPRISE, Inc. 11 — — 3,990 4,001 CellinCells Co., Ltd. 260 — — (222 ) 38 COSES GT Co., Ltd. 292 — — 1,647 1,939 SwatchOn Inc. 2 3,947 200 (3,501 ) 40 686 Gomi corporation Inc. 37 — — 3,151 3,188 S&E Bio Co., Ltd. 1,142 — — (879 ) 263 KB Pre IPO Secondary Venture Fund No.1 2 629 — — (526 ) 103 4N Inc. 76 — — (37 ) 39 Contents First Inc. 1,823 20,000 (11,000 ) 1,827 12,650 December & Company Inc. 1 — — — 1 GENINUS Inc. 2 13,630 — (5,000 ) 25,785 34,415 Mantisco Co., Ltd. — — — 386 386 Spark Biopharma Inc. — 1,000 (3,000 ) 8,015 6,015 G1 Playground Co., Ltd. — — — 354 354 SuperNGine Co., Ltd. — — — 944 944 Desilo Inc. — — — 168 168 Turing Co., Ltd. — — — 1,054 1,054 IGGYMOB Co., Ltd. — — — 2,938 2,938 Key management personnel 17,167 16,574 (16,994 ) 249 16,996 2022 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 10,200 ₩ — ₩ — ₩ 17,689 ₩ 27,889 Incheon Bridge Co., Ltd. 35,487 29,217 (15,000 ) (1,065 ) 48,639 Jungdo Co., Ltd. 4 — — — 4 Dae-A Leisure Co., Ltd. 17 — — 137 154 Iwon Alloy Co., Ltd. — — — 1 1 Computerlife Co., Ltd. — — — 3 3 Skydigital Inc. 85 — — (75 ) 10 Jo Yang Industrial Co., Ltd. 1 — — (1 ) — Aju Good Technology Venture Fund 6,286 6,577 (3,840 ) (1,801 ) 7,222 2022 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) KB-KDBC Pre-IPO New Technology Business Investment Fund 904 — — (587 ) 317 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund 1,524 — — 2 1,526 WJ Private Equity Fund No.1 260 — — (39 ) 221 KB Star Office Private Real Estate Master Fund 2 2,578 — (2,578 ) — — SY Auto Capital Co., Ltd. 17 — — (7 ) 10 KB No.17 Special Purpose Acquisition Company 2 1,687 — (1,546 ) (141 ) — KB No.18 Special Purpose Acquisition Company 2 2,077 — (2,016 ) (61 ) — KB No.19 Special Purpose Acquisition Company 2 1,013 — (1,000 ) (13 ) — KB No.20 Special Purpose Acquisition Company 2 1,681 — (1,534 ) (147 ) — KB No.21 Special Purpose Acquisition Company — 2,000 — 263 2,263 KB No.22 Special Purpose Acquisition Company — — — 1,948 1,948 KB No.23 Special Purpose Acquisition Company — 2,133 — 72 2,205 KB No.24 Special Purpose Acquisition Company — — — 9,983 9,983 RAND Bio Science Co., Ltd. 443 — — (440 ) 3 Food Factory Co., Ltd. 839 511 (1,018 ) 332 664 Acts Co., Ltd. 2 154 — — (154 ) — Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. — 300 (300 ) 19 19 Wyatt Corp. 1 — — — 1 UPRISE, Inc. 4,001 — — (3,974 ) 27 CellinCells Co., Ltd. 38 — — (1 ) 37 COSE |
Events after the reporting peri
Events after the reporting period | 12 Months Ended |
Dec. 31, 2022 | |
Text Block [Abstract] | |
Events after the reporting period | 44. Events after the reporting period 44.1 Merger of subsidiaries At the board of directors meeting and shareholder’s meeting on August 9, 2022, it is determined to merge the Group’s subsidiaries, KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) and KB Life Insurance Co., Ltd.. Accordingly, the merger was completed with KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) as a surviving corporation on January 1, 2023, and KB Life Insurance Co., Ltd. was dissolved after the merger. 44.2 Retirement of treasury shares The Group plans to acquire 5,385,996 shares(₩300,000 million) of its own shares and retire the treasury shares by May 7, 2023 pursuant to board resolutions dated February 7, 2023. However, the treasury shares were calculated based on the closing price (₩55,700) on the day before the board meeting, on February 6, 2023, and the final number of shares to be retired may vary depending on the stock price. |
Approval of Issuance of the Con
Approval of Issuance of the Consolidated Financial Statements | 12 Months Ended |
Dec. 31, 2022 | |
Authorisation Of Financial Statements Abstract | |
Approval of Issuance of the Consolidated Financial Statements | 45. Approval of Issuance of the Consolidated Financial Statements The Group’s consolidated financial statements as of and for the year ended December 31, 2022, was certified by management o n April 26, 2023. |
Parent Company Information
Parent Company Information | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information Disclosure [Abstract] | |
Parent Company Information | 46. Parent Company Information The following tables present the Parent Company Only financial information: Condensed Statements of Financial Position December 31, December 31, (In millions of Korean won) Assets Cash and due from financial institutions ₩ 608,076 ₩ 351,056 Financial assets at fair value through profit or loss 440,760 1,522,314 Loans at amortized cost 249,128 522,326 Investments in subsidiaries * Banking subsidiaries 14,821,721 14,821,721 Nonbanking subsidiaries. 11,919,717 11,919,717 Other assets 831,977 1,316,693 Total assets ₩ 28,871,379 ₩ 30,453,827 Liabilities and shareholders’ equity Debentures ₩ 5,552,791 ₩ 4,956,949 Other liabilities 805,614 1,265,062 Shareholders’ equity 22,512,974 24,231,816 Total liabilities and shareholders’ equity ₩ 28,871,379 ₩ 30,453,827 * Investments in subsidiaries were accounted at cost method in accordance with IAS No.27. Condensed Statements of Comprehensive Income 2020 2021 2022 (In millions of Korean won) Income Dividends from subsidiaries ₩ 1,573,411 ₩ 1,617,949 ₩ 1,871,223 Interest from subsidiaries 3,519 7,897 17,310 Other income 22,749 30,953 52,777 Total income 1,599,679 1,656,799 1,941,310 Expense Interest expense 132,437 120,469 112,353 Non-interest expense 87,876 99,745 159,708 Total expense 220,313 220,214 272,061 Profit before income tax expense 1,379,366 1,436,585 1,669,249 Income tax benefit 49 2,281 15,263 Profit for the year 1,379,415 1,438,866 1,684,512 Other comprehensive gain(loss) for the year, net of tax (368 ) (298 ) 2,483 Total comprehensive income for the year ₩ 1,379,047 ₩ 1,438,568 ₩ 1,686,995 Condensed Statements of Cash Flows 2020 2021 2022 (In millions of Korean won) Operating activities Net income ₩ 1,379,415 ₩ 1,438,866 ₩ 1,684,512 Reconciliation of net income to net cash provided by operating activities: Other operating activities, net 9,930 (92,785 ) 7,807 Net cash inflow from operating activities 1,389,345 1,346,081 1,692,319 Investing activities Net payments to subsidiaries (2,347,543 ) (219,268 ) — Other investing activities, net (146,477 ) (39,477 ) (1,409,500 ) Net cash outflow from investing activities (2,494,020 ) (258,745 ) (1,409,500 ) Financing activities Net increase (decrease) in borrowings 100,000 (100,000 ) — Increases in debentures 1,537,091 389,405 498,898 Repayments of debentures and lease liabilities (940,610 ) (970,535 ) (1,100,584 ) Issuance of hybrid securities 1,296,693 1,142,203 1,596,000 Cash dividends paid (883,952 ) (1,053,417 ) (1,564,153 ) Net cash inflow (outflow) from financing activities 1,109,222 (592,344 ) (569,839 ) Net increase (decrease) in cash and cash equivalents 4,547 494,992 (287,020 ) Cash and cash equivalents as of January 1 18,534 23,081 518,073 Cash and cash equivalents as of December 31 ₩ 23,081 ₩ 518,073 ₩ 231,053 |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policy [Abstract] | |
Consolidation | 3.1.1 Subsidiaries Subsidiaries are companies that are controlled by the Group. The Group controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Also, the existence and effects of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Group controls the investee. Subsidiaries are fully consolidated from the date when control is transferred to the Group and de-consolidated If a subsidiary uses accounting policies other than those adopted in the consolidated financial statements for like transactions and events in similar circumstances, appropriate adjustments are made to that subsidiary’s financial statements in preparing the consolidated financial statements to ensure conformity with the Group’s accounting policies. Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling non-controlling non-controlling Transactions with non-controlling non-controlling When the Group loses control, any investment retained in the former subsidiary is recognized at its fair value at the date when control is lost, with the resulting difference recognized in profit or loss. This fair value will be the fair value on initial recognition of a financial asset in accordance with IFRS No.9 or, when appropriate, the cost on initial recognition of an investment in an associate or joint venture. In addition, all amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for on the same basis as would be required if the Group had directly disposed of the related assets or liabilities. Therefore, amounts previously recognized in other comprehensive income are reclassified to profit or loss. The Group accounts for each business combination by applying the acquisition method. The consideration transferred is measured at fair value, and identifiable assets acquired, and liabilities and contingent liabilities assumed in a business combination are initially measured at acquisition-date fair values. For each business combination, the Group measures non-controlling In a business combination achieved in stages, the Group shall remeasure its previously held equity interest in the acquiree at its acquisition-date fair value and recognize the resulting gain or loss, if any, in profit or loss or other comprehensive income, as appropriate. In prior reporting periods, the Group may have recognized changes in the value of its equity interest in the acquiree in other comprehensive income. If so, the amount that was recognized in other comprehensive income shall be reclassified as profit or loss, or retained earnings, on the same basis as would be required if the Group had directly disposed of the previously held equity interest. The Group applies the book-value method to account for business combinations of entities under common control. Identifiable assets acquired and liabilities assumed in a business combination are measured at their book value on the consolidated financial statements of the Group. In addition, the difference between (a) the sum of consolidated net book value of the assets and liabilities transferred and accumulated other comprehensive income and (b) the consideration paid, is recognized as capital surplus. 3.1.2 Associates and joint ventures Associates are entities over which the Group has significant influence over the financial and operating policy decisions. Generally, if the Group holds 20% or more of the voting power of the investee, it is presumed that the Group has significant influence. Joint ventures are investments in which the Group has joint control over economic activities pursuant to contractual arrangement. Decisions about strategic financial and operating policies require unanimous consent of the parties sharing control. Investments in associates and joint ventures are initially recognized at cost and equity method is applied after initial recognition. The carrying amount is increased or decreased to recognize the Group’s share of the profit or loss of the investee and changes in the investee’s equity after the date of acquisition. Distributions received from an investee reduce the carrying amount of the investment. Unrealized gains and losses resulting from transactions between the Group and associates are eliminated to the extent of the Group’s share in associates. If unrealized losses are an indication of an impairment that requires recognition in the consolidated financial statements, those losses are recognized for the period. If associates or joint ventures use accounting policies other than those of the Group for like transactions and events in similar circumstances, if necessary, adjustments shall be made to make the associates or joint ventures’ accounting policies conform to those of the Group when the associates or joint ventures’ financial statements are used by the Group in applying the equity method. If the Group’s share of losses of associates and joint ventures equals or exceeds its interest in the associates (including long-term interests that, in substance, form part of the Group’s net investment in the associates), the Group discontinues recognizing its share of further losses. After the Group’s interest is reduced to zero, additional losses are provided for, and a liability is recognized, only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the investee. The Group determines at each reporting period whether there is any objective evidence that the investments in the associates are impaired. If this is the case, the Group calculates the amount of impairment as the difference between the recoverable amount of the associates and its carrying amount and recognizes the amount as non-operating 3.1.3 Structured entity A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. When the Group decides whether it has power over the structured entities in which the Group has interests, it considers factors such as the purpose, the form, the substantive ability to direct the relevant activities of a structured entity, the nature of its relationship with a structured entity, and the amount of exposure to variable returns. 3.1.4 Funds management The Group manages and operates trust assets, collective investment, and other funds on behalf of investors. These trusts and funds are not consolidated, except for trusts and funds over which the Group has control. 3.1.5 Intragroup transactions Intragroup balances, income, expenses, and any unrealized gains and losses resulting from intragroup transactions are eliminated in full, in preparing the consolidated financial statements. If unrealized losses are an indication of an impairment that requires recognition in the consolidated financial statements, those losses are recognized for the period. |
Foreign Currency | 3.2 Foreign Currency 3.2.1 Foreign currency transactions A foreign currency transaction is recorded, at initial recognition in the functional currency, by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated using the closing rate which is the spot exchange rate at the end of the reporting period. Non-monetary non-monetary Except for the exchange differences for the net investment in a foreign operation and the financial liability designated as a hedging instrument of net investment, exchange differences arising on the settlement of monetary items or on translating monetary items are recognized in profit or loss. When a gain or loss on a non-monetary non-monetary 3.2.2 Foreign operations The results and financial position of a foreign operation, whose functional currency differs from the Group’s presentation currency, are translated into the Group’s presentation currency based on the following procedures. If the functional currency of a foreign operation is not the currency of a hyperinflationary economy, assets and liabilities for each statement of financial position presented (including comparatives) are translated at the closing rate at the end of the reporting period, income and expenses for each statement of comprehensive income presented (including comparatives) are translated using the average exchange rates for the period. All resulting exchange differences are recognized in other comprehensive income. 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 are treated as assets and liabilities of the foreign operation. Thus, they are expressed in the functional currency of the foreign operation and are translated into the presentation currency at the closing rate. On the disposal of a foreign operation, the cumulative amount of the exchange differences relating to that foreign operation, recognized in other comprehensive income and accumulated in the separate component of equity, is reclassified from equity to profit or loss (as a reclassification adjustment) when the gain or loss on disposal is recognized. On the partial disposal of a subsidiary that includes a foreign operation, the Group re-attributes non-controlling 3.2.3 Translation of the net investment in a foreign operation A monetary item that is receivable from or payable to a foreign operation, for which settlement is neither planned nor likely to occur in the foreseeable future is, in substance, a part of the Group’s net investment in that foreign operation, then foreign currency difference arising from that monetary item is recognized in the other comprehensive income and shall be reclassified to profit or loss on disposal of the net investment. |
Recognition and Measurement of Financial Instruments | 3.3 Recognition and Measurement of Financial Instruments 3.3.1 Initial recognition The Group recognizes a financial asset or a financial liability in its consolidated statement of financial position when the Group becomes party to the contractual provisions of the instrument. A regular way purchase or sale of financial assets (a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned) is recognized and derecognized using trade date accounting. For financial reporting purpose, the Group classifies (a) financial assets as financial assets at fair value through profit or loss, financial assets at fair value through other comprehensive income, or financial assets at amortized cost and (b) financial liabilities as financial liabilities at fair value through profit or loss, or other financial liabilities. These classifications are based on the business model for managing financial instruments and the contractual cash flow characteristics of the financial instrument at initial recognition. At initial recognition, a financial asset or financial liability is measured at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. The fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The fair value of a financial instrument on initial recognition is normally the transaction price (that is, the fair value of the consideration given or received) in an arm’s length transaction. 3.3.2 Subsequent measurement After initial recognition, financial instruments are measured at amortized cost or fair value based on classification at initial recognition. 3.3.2.1 Amortized cost The amortized cost of a financial asset or financial liability is the amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. 3.3.2.2 Fair value The Group uses quoted price in an active market which is based on listed market price or dealer price quotations of financial instruments traded in an active market as best estimate of fair value. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. If there is no active market for a financial instrument, fair value is determined either by using a valuation technique or independent third-party valuation service. Valuation techniques include using recent arm’s length market transactions between knowledgeable and willing parties, if available, referencing the current fair value of another instrument that is substantially the same, discounted cash flow analysis, and option pricing models. The Group uses valuation models that are commonly used by market participants and customized for the Group to determine fair values of common over-the-counter In addition, the fair value information recognized in the consolidated statement of financial position is classified into the following fair value hierarchy, reflecting the significance of the input variables used in the fair value measurement. Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Group can access at the measurement date 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 : Unobservable inputs for the asset or liability The fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. For this purpose, the significance of an input is assessed against the fair value measurement in its entirety. If a fair value measurement uses observable inputs that require significant adjustment using unobservable inputs, that measurement is a Level 3 measurement. If the valuation technique does not reflect all factors which market participants would consider in pricing the asset or liability, the fair value is adjusted to reflect those factors. Those factors include counterparty credit risk, bid-ask The Group uses valuation technique which maximizes the use of market inputs and minimizes the use of entity-specific inputs. It incorporates all factors that market participants would consider in pricing the asset or liability and is consistent with economic methodologies applied for pricing financial instruments. Periodically, the Group calibrates the valuation technique and tests its validity using prices of observable current market transactions of the same instrument or based on other relevant observable market data. 3.3.3 Derecognition Derecognition is the removal of a previously recognized financial asset or financial liability from the consolidated statement of financial position. The derecognition criteria for financial assets and financial liabilities are as follows: 3.3.3.1 Derecognition of financial assets A financial asset is derecognized when the contractual rights to the cash flows from the financial assets expire or the Group transfers substantially all the risks and rewards of ownership of the financial asset, or the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset and the Group has not retained control. Therefore, if the Group does not transfer substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the financial asset to the extent of its continuing involvement in the financial asset. If the Group transfers the contractual rights to receive the cash flows of the financial asset but retains substantially all the risks and rewards of ownership of the financial asset, the Group continues to recognize the transferred asset in its entirety and recognize a financial liability for the consideration received. The Group writes off a financial asset when the Group has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. In general, the Group considers write-off write-off write-off, written-off written-off 3.3.3.2 Derecognition of financial liabilities A financial liability is derecognized from the consolidated statement of financial position when it is extinguished (i.e., the obligation specified in the contract is discharged, canceled or expires). 3.3.4 Offsetting A financial asset and a financial liability are offset, and the net amount is presented in the consolidated statement of financial position when, and only when, the Group currently has a legally enforceable right to set off the recognized amounts and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on a future event and must be legally enforceable in the normal course of business, the event of default, and the event of insolvency or bankruptcy of the Group and all of the counterparties. |
Cash and Due from Financial Institutions | 3.4 Cash and Due from Financial Institutions Cash and due from financial institutions include cash on hand, foreign currency, and short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and due from financial institutions. Cash and due from financial institutions are measured at amortized cost. |
Non-derivative Financial Assets | 3.5 Non-derivative 3.5.1 Financial assets at fair value through profit or loss Financial assets are classified as financial assets at fair value through profit or loss unless they are classified as financial assets at amortized cost or at fair value through other comprehensive income. The Group may designate certain financial assets upon initial recognition as at fair value through profit or loss when the designation eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as an ‘accounting mismatch’) that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases. After initial recognition, a financial asset at fair value through profit or loss is measured at fair value and gains or losses arising from a change in fair value are recognized in profit or loss. Interest income using the effective interest method and dividend income from financial assets at fair value through profit or loss are also recognized in profit or loss. 3.5.2 Financial assets at fair value through other comprehensive income The Group classifies below financial assets as financial assets at fair value through other comprehensive income: • Debt instruments that are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding and; • Equity instruments that are not held for short-term trading but held for strategic investment, and designated as financial assets at fair value through other comprehensive income After initial recognition, a financial asset at fair value through other comprehensive income is measured at fair value. Gains or losses arising from a change in fair value, other than dividend income, interest income calculated using the effective interest method and exchange differences arising on monetary items which are recognized directly in profit or loss, are recognized in other comprehensive income in equity. When the financial assets at fair value through other comprehensive income is disposed of, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. However, cumulative gain or loss of equity instruments designated at fair value through other comprehensive income is reclassified to retained earnings not to profit or loss at disposal. A financial asset at fair value through other comprehensive income denominated in foreign currency is translated at the closing rate. Exchange differences resulting from changes in amortized cost are recognized in profit or loss, and other changes are recognized in equity. 3.5.3 Financial assets at amortized cost A financial asset, which is held within the business model whose objective is achieved by collecting contractual cash flows, and where the assets’ cash flows represent solely payments of principal and interest on the principal amount outstanding, is classified as a financial asset at amortized cost. After initial recognition, a financial asset at amortized cost is measured at amortized cost using the effective interest method and interest income is calculated using the effective interest method. |
Expected Credit Losses of Financial Assets (Debt Instruments) | 3.6 Expected Credit Losses of Financial Assets (Debt Instruments) The Group recognizes loss allowances for expected credit losses at the end of the reporting period for financial assets at amortized cost and fair value through other comprehensive income except for financial assets at fair value through profit or loss. Expected credit losses are estimated at present value of probability-weighted amount that is determined by evaluating a range of possible outcomes. The Group measures expected credit losses by reflecting all reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions, and forecasts of future economic conditions. The approaches of measuring expected credit losses in accordance with IFRS are as follows: • General approach: for financial assets and unused loan commitments not subject to the below 2 approaches • Simplified approach: for trade receivables, contract assets, and lease receivables • Credit-impaired approach: for financial assets that are credit-impaired at the time of acquisition Application of general approach is differentiated depending on whether credit risk has increased significantly after initial recognition. If the credit risk on a financial instrument has not increased significantly since initial recognition, the Group measures loss allowances for that financial instrument at an amount equal to 12-month The Group assesses whether the credit risk has increased significantly using the following criteria, and if one or more of the following criteria are met, it is deemed as significant increase in credit risk. Criterion of more than 30 days past due is applied to all subsidiaries, and other criteria are applied selectively considering specific indicators of each subsidiary or additionally considering specific indicators of each subsidiary. If the contractual cash flows of a financial asset have been renegotiated or modified, the Group assesses whether the credit risk has increased significantly using the same following criteria. • More than 30 days past due • Decline in credit rating at the end of the reporting period by certain notches or more compared to the time of initial recognition • Subsequent managing ratings below certain level in the early warning system • Debt restructuring (except for impaired financial assets) and • Credit delinquency information of Korea Federation of Banks, etc. Under simplified approach, the Group always measures loss allowances at an amount equal to lifetime expected credit losses. Under credit-impaired approach, the Group only recognizes the cumulative changes in lifetime expected credit losses since initial recognition as loss allowances at the end of the reporting period. In assessing credit impairment, the Group uses definition of default as in the new Basel Accord which rules calculation of Capital Adequacy Ratio. The Group generally considers the loan to be credit-impaired if one or more of the following criteria are met: • 90 days or more past due • Legal proceedings related to collection • A borrower registered on the credit management list of Korea Federation of Banks • A corporate borrower with the credit rating C and D • Refinancing and • Debt restructuring, etc. 3.6.1 Forward-looking information The Group uses forward-looking information, when determining whether credit risk has increased significantly and measuring expected credit losses. The Group assumes that the risk components have a constant correlation with the economic cycle and uses statistical methodologies to estimate the relation between key macroeconomic variables and risk components for the expected credit losses. The correlation between the major macroeconomic variables and the credit risk are as follows: Key macroeconomic variables Correlation between the major macroeconomic variables and the credit risk Domestic GDP growth rate ( - Composite stock index ( - Rate of change of construction investment ( - Rate of change of housing transaction price index ( - Interest rate spread ( + Private consumption growth rate ( - Change of call rate compared to the previous year (%p) ( + Rate of change of household loan ( - Forward-looking information used in calculation of expected credit losses is based on the macroeconomic forecasts utilized by management of the Group for its business plan considering reliable external agency’s forecasts and others. The forward-looking information is generated by KB Research with a comprehensive approach to capture the possibility of various economic forecast scenarios that are derived from the internal and external viewpoints of the macroeconomic situation. The Group determines the macroeconomic variables to be used in forecasting future conditions of the economy, considering the direction of the forecast scenario and the significant relationship between macroeconomic variables and time series data. And there are some changes compared to the macroeconomic variables used in the previous year. As of December 31, 2022, the Group measures expected credit losses to the financial assets by applying both the worse scenario and the crisis scenario, etc. taking into consideration the uncertain financial environment internally and externally and the potential credit risk resulting from the rapid economic recession. 3.6.2 Measuring expected credit losses on financial assets at amortized cost The expected credit losses of financial assets at amortized cost are measured as present value of the difference between the contractual cash flows to be received and the cash flows expected to be received. The Group estimates expected future cash flows for financial assets that are individually significant. The Group selects the individually significant financial assets by comprehensively considering quantitative and qualitative factors (such as debt restructuring or negative net assets, etc.) among financial assets with the credit risk has increased significantly or credit-impaired (individual assessment of impairment). For financial assets that are not individually significant, the Group collectively estimates expected credit losses by grouping loans with a homogeneous credit risk profile (collective assessment of impairment). 3.6.2.1 Individual assessment of impairment Individual assessment of impairment losses is performed using management’s best estimate on the present value of expected future cash flows. The Group uses all the available information including financial condition of the borrower such as operating cash flow and net realizable value of any collateral held. 3.6.2.2 Collective assessment of impairment Collective assessment of impairment losses is performed by using a methodology based on historical loss experience and reflecting forward-looking information. Such a process incorporates factors such as type of collateral, type of product, type of borrower, credit rating, size of portfolio, and recovery period and applies Probability of Default (“PD”) on a group of assets and Loss Given Default (“LGD”) by type of recovery method. Also, the Group applies certain assumptions to model expected credit losses assessment and to determine input based on loss experience and forward-looking information. These models and assumptions are periodically reviewed to reduce the gap between loss estimate and actual loss experience. The lifetime expected credit losses are measured by applying the PD to the carrying amount calculated by deducting the expected principal repayment amount from the carrying amount as of the reporting date and the LGD adjusted to reflect changes in the carrying amount. 3.6.3 Measuring expected credit losses on financial assets at fair value through other comprehensive income The Group measures expected credit losses on financial assets at fair value through other comprehensive income in a manner that is consistent with the requirements that are applicable to financial assets at amortized cost. However, loss allowances are recognized in other comprehensive income. Upon disposal or repayment of financial assets at fair value through other comprehensive income, the amount of loss allowances is reclassified from other comprehensive income to profit or loss. |
Derivative Financial Instruments | 3.7 Derivative Financial Instruments The Group enters into numerous derivative financial instrument contracts such as currency forwards, interest rate swaps, currency swaps, and others for trading purposes or to manage its interest rate risk, currency risk, and others. The Group’s derivative financial instruments business focuses on addressing the needs of the Group’s corporate clients to hedge their risk exposure and to hedge the Group’s risk exposure that results from such client contracts. These derivative financial instruments are presented as derivative financial instruments in the consolidated financial statements irrespective of transaction purpose and subsequent measurement requirement. The Group designates certain derivative financial instruments as hedging instruments to hedge the risk of changes in fair value of a recognized asset or liability or of an unrecognized firm commitment (fair value hedge) and the risk of changes in cash flow (cash flow hedge). The Group designates certain derivative and non-derivative At the inception of the hedging relationship, there is formal designation and documentation of the hedging relationship and the Group’s risk management objective and strategy for undertaking the hedge. This documentation includes identification of the hedging instrument, the hedged item, the nature of the risk being hedged, the inception date of hedging relationship and how the Group will assess the hedging instrument’s effectiveness in offsetting the changes in the hedged item’s fair value or cash flows attributable to the hedged risk. Derivative financial instruments are initially recognized at fair value. After initial recognition, derivative financial instruments are measured at fair value, and changes therein are accounted for as described below. 3.7.1 Derivative financial instruments held for trading All derivative financial instruments, except for derivatives that are designated and qualify for hedge accounting, are measured at fair value. Gains or losses arising from changes in fair value are recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss. 3.7.2 Derivative financial instruments for fair value hedges If derivative financial instruments are designated and qualify for fair value hedges, changes in fair value of the hedging instrument and changes in fair value of the hedged item attributable to the hedged risk are recognized in profit or loss as part of other operating income or expenses. If the hedged items are equity instruments for which the Group has elected to present changes in fair value in other comprehensive income, changes in fair value of the hedging instrument and changes in fair value of the hedged item attributable to the hedged risk are recognized in other comprehensive income. Fair value hedge accounting is discontinued prospectively if the hedging instrument expires or is sold, terminated or exercised, or the hedging relationship ceases to meet the qualifying criteria. Once fair value hedge accounting is discontinued, the adjustment to the carrying amount of a hedged item is amortized to profit or loss by the maturity of the financial instrument using the effective interest method. 3.7.3 Derivative financial instruments for cash flow hedges The effective portion of changes in fair value of derivative financial instruments that are designated and qualify for cash flow hedges is recognized in other comprehensive income, limited to the cumulative change in fair value (present value) of the hedged item (the present value of the cumulative change in the hedged expected future cash flows) from inception of the hedge. The ineffective portion is recognized in profit or loss as other operating income or expenses. The associated gains or losses that were previously recognized in other comprehensive income are reclassified from equity to profit or loss (other operating income or expenses) as a reclassification adjustment in the same period or periods during which the hedged forecast cash flows affect profit or loss. Cash flow hedge accounting is discontinued prospectively if the hedging instrument expires or is sold, terminated or exercised, or the hedging relationship ceases to meet the qualifying criteria. When the cash flow hedge accounting is discontinued, the cumulative gains or losses on the hedging instrument that have been recognized in other comprehensive income are reclassified to profit or loss over the period in which the forecast transaction occurs. If the forecast transaction is no longer expected to occur, the cumulative gains or losses that have been recognized in other comprehensive income are immediately reclassified to profit or loss. 3.7.4 Derivative and non-derivative If derivative and non-derivative 3.7.5 Embedded derivatives An embedded derivative is separated from the host contract and accounted for as a derivative if, and only if, (a) the economic characteristics and risks of the embedded derivative are not closely related to those of the host contract, (b) a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative and (c) the hybrid contract contains a host that is not a financial asset and is not designated as at fair value through profit or loss. Gains or losses arising from a change in fair value of an embedded derivative separated from the host contract are recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss. 3.7.6 Day one gains or losses If the Group uses a valuation technique that incorporates unobservable inputs for the fair value of the OTC derivatives at initial recognition, there may be a difference between the transaction price and the amount determined using that valuation technique. In these circumstances, the difference is not recognized in profit or loss but deferred and amortized using the straight-line method over the life of the financial instrument. If the fair value is subsequently determined using observable inputs, the remaining deferred amount is recognized in profit or loss as part of net gains or losses on financial instruments at fair value through profit or loss or other operating income or expenses. |
Property and Equipment | 3.8 Property and Equipment 3.8.1 Recognition and measurement Property and equipment that qualify for recognition as an asset are measured at cost and subsequently carried at its cost less any accumulated depreciation and any accumulated impairment losses. The cost of property and equipment includes any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. Subsequent expenditures are capitalized only when they prolong the useful life or enhance values of the assets but the costs of the day-to-day 3.8.2 Depreciation Land is not depreciated, whereas other property and equipment are depreciated using the method that reflects the pattern in which the asset’s future economic benefits are expected to be consumed by the Group. The depreciable amount of an asset is determined after deducting its residual value. Each part of an item of property and equipment with a cost that is significant in relation to the total cost of the item is depreciated separately. The depreciation method and estimated useful life of property and equipment are as follows: Property and equipment Depreciation method Estimated useful life Buildings Straight-line 20~40 years Leasehold improvements Declining-balance/ Straight-line 4~15 years Equipment and vehicles Declining-balance/ Straight-line 3~15 years The residual value, the useful life, and the depreciation method applied to an asset are reviewed at each financial year-end |
Investment Properties | 3.9 Investment Properties 3.9.1 Recognition and measurement Properties held to earn rentals or for capital appreciation or both are classified as investment properties. Investment properties are measured initially at their cost and subsequently the cost model is used. 3.9.2 Depreciation Land is not depreciated, whereas other investment properties are depreciated using the method that reflects the pattern in which the asset’s future economic benefits are expected to be consumed by the Group. The depreciable amount of an asset is determined after deducting its residual value. The depreciation method and estimated useful life of investment properties are as follows: Investment properties Depreciation method Estimated useful life Buildings Straight-line 20~40 years The residual value, the useful life, and the depreciation method applied to an asset are reviewed at each financial year-end |
Intangible Assets | 3.10 Intangible Assets Intangible assets are measured initially at cost and subsequently carried at their cost less any accumulated amortization and any accumulated impairment losses. Intangible assets, except for goodwill and membership rights, are amortized using the straight-line or declining-balance method with no residual value over their estimated useful life since the assets are available for use. Intangible assets Amortization method Estimated useful life Industrial property rights Straight-line 3 ~ 19 years Software Straight-line 3 ~ 5 years Value of business acquired Declining-balance 30, 60 years Others Straight-line / Declining-balance 1 ~ 13 years The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at each financial year-end. life is indefinite, the Group carries out a review in each accounting period to confirm whether events and circumstances still support an indefinite useful life assessment. If they do not, the change in the useful life assessment from indefinite to finite is accounted for as a change in an accounting estimate. 3.10.1 Value of business acquired (“VOBA”) In the case of acquisition of insurance company, the Group recognizes the difference amount as VOBA in intangible assets, if the fair value of the acquired insurance liability is less than the carrying amount based on the acquiree’s accounting policy. In the opposite case, the difference amount is recognized as negative VOBA and included in premium reserve. VOBA is an estimated present value of profits inherent in the future cash flow of insurance contracts at the acquisition date. VOBA is amortized over the above estimated useful life using declining balance method, and the amortization is recognized as insurance expense. 3.10.2 Goodwill 3.10.2.1 Recognition and measurement Goodwill related to business combinations before January 1, 2010, is stated at its carrying amount, which was recognized under the Group’s previous accounting policy, prior to the transition to IFRS. Goodwill acquired from business combinations after January 1, 2010, is initially measured as the excess of the consideration transferred over the fair value of net identifiable assets acquired and liabilities assumed. If the fair value of net identifiable assets acquired and liabilities assumed exceeds the consideration transferred, the difference is recognized in profit or loss. For each business combination, the Group decides at the acquisition date whether the non-controlling non-controlling Acquisition-related costs incurred to effect a business combination are charged to expenses in the periods in which the costs are incurred and the services are received, except for the costs to issue debt or equity securities. 3.10.2.2 Additional acquisitions of non-controlling Additional acquisitions of non-controlling 3.10.2.3 Subsequent measurement Goodwill is not amortized and is stated at cost less accumulated impairment losses. However, goodwill that forms part of the carrying amount of an investment in associates is not separately recognized and an impairment loss recognized is not allocated to any asset, including goodwill, which forms part of the carrying amount of the investment in the associates. 3.10.3 Subsequent expenditures Subsequent expenditures are capitalized only when they enhance values of the assets. Internally generated intangible assets, such as goodwill and trade name, are not recognized as assets but expensed as incurred. |
Impairment of Non-financial Assets | 3.11 Impairment of Non-financial The Group assesses at the end of each reporting period whether there is any indication that a non-financial (c) non-current Group estimates the recoverable amount of the asset. However, irrespective of whether there is any indication of impairment, the Group tests (a) goodwill acquired in a business combination, (b) intangible assets with an indefinite useful life and (c) intangible assets not yet available for use for impairment annually by comparing their carrying amount with their recoverable amount. The recoverable amount is estimated for the individual asset. If it is not possible to estimate the recoverable amount of the individual asset, the Group determines the recoverable amount of the cash-generating unit to which the asset belongs. A cash-generating unit is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. The recoverable amount of an asset is the higher of its fair value less costs of disposal and its value in use. Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit that are discounted by a pre-tax If the recoverable amount of an asset is less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. That reduction is an impairment loss and recognized immediately in profit or loss. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the cash-generating units that is expected to benefit from the synergies of the combination. The impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit and then to the other assets of the unit pro rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. The Group assesses at the end of each reporting period whether there is any indication that an impairment loss recognized in prior periods for an asset, other than goodwill, may no longer exist or may have decreased, and an impairment loss recognized in prior periods for an asset other than goodwill shall be reversed if, and only if, there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. The increased carrying amount of an asset other than goodwill attributable to a reversal of an impairment loss cannot exceed the carrying amount that would have been determined (net of amortization or depreciation) had no impairment loss been recognized for the asset in prior years. |
Non-current Assets Held for Sale | 3.12 Non-current A non-current non-current A non-current Impairment loss is recognized for any initial or subsequent write-down of the asset (or disposal group) to fair value less costs to sell. Gain is recognized for any subsequent increase in fair value less costs to sell of an asset, but not in excess of the cumulative impairment loss that has been recognized. |
Financial Liabilities | 3.13 Financial Liabilities The Group classifies financial liabilities into financial liabilities at fair value through profit or loss or other financial liabilities in accordance with the substance of the contractual arrangement and the definitions of financial liabilities. The Group recognizes financial liabilities in the consolidated statement of financial position when the Group becomes a party to the contractual provisions of the financial liability. 3.13.1 Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading or designated as such at initial recognition. After initial recognition, financial liabilities at fair value through profit or loss are measured at fair value, and changes therein are recognized in profit or loss. At initial recognition, transaction costs that are directly attributable to the acquisition are recognized in profit or loss as incurred. In relation to securities lending or borrowing transactions, when the Group borrows securities from the Korea Securities Depository and others, these transactions are managed as off-balance In addition, the change in fair value of the financial liability designated at fair value through profit or loss that is attributable to change in the credit risk of that liability, the Group presents this change in other comprehensive income, and does not recycle this to profit or loss in accordance with IFRS No.9. However, if this treatment creates or enlarges an accounting mismatch, the Group recognizes this change in profit or loss. 3.13.2 Other financial liabilities Non-derivative When an asset is sold under repurchase agreement, the Group continues to recognize the asset with the amount sold being accounted for as borrowings. The Group derecognizes a financial liability from the consolidated statement of financial position only when it is extinguished (i.e., when the obligation specified in the contract is discharged, canceled or expires). |
Insurance Contracts | 3.14 Insurance Contracts KB Insurance Co., Ltd., KB Life Insurance Co., Ltd., and KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) the subsidiaries of the Group, issue insurance contracts. Insurance contracts are defined as “a contract under which one party (the insurer) accepts significant insurance risk from another party by agreeing to compensate the policyholder if a specified uncertain future event adversely affects the policyholder”. A contract that qualifies as an insurance contract remains an insurance contract until all rights and obligations are extinguished or expire. Such a contract that does not contain significant insurance risk is classified as an investment contract and is within the scope of IFRS No.9 Financial Instruments Insurance Contracts 3.14.1 Insurance premiums The Group recognizes collected premiums as revenue on the due date of collection of premiums from insurance contracts and the collected premium which is not earned at the end of the reporting period is recognized as unearned premium. 3.14.2 Insurance liabilities The Group recognizes a liability for future claims, refunds, dividends to policyholders, and related expenses as follows: 3.14.2.1 Premium reserve The Group accumulates the amount calculated based on the net insurance premium already received for future claim payments for insurance contracts maintained at the end of the reporting period. It is calculated as the greater of the amount using standard interest rate and standard risk ratio defined by director of the Financial Supervisory Services and the amount using the basic ratios that have been used in premium calculation. 3.14.2.2 Reserve for outstanding claims When the insured event has occurred before the end of the reporting period, but the claim amount is not confirmed, reserve for outstanding claims is calculated based on the estimated amount to be paid. 3.14.2.3 Unearned premium reserve Unearned premium reserve is the premium which is to be allocated to the following period among the premium which is due before the end of the reporting period. 3.14.2.4 Reserve for dividend to policyholders Reserve for dividend to policyholders including dividend of interest rate differential, rate of risk differential, and business expenses differential is recognized for the purpose of provisioning for policyholders’ dividends in the future in accordance with statutes or insurance terms and conditions. 3.14.3 Liability adequacy test (“LAT”) The Group conducts a liability adequacy test for all contracts to which IFRS No.4 Insurance Contracts Future cash flows from long-term insurance are discounted at interest rate scenario, which is a risk-free rate scenario adjusted by liquidity premium, whereas future cash flows from general insurance are not discounted to present value. In the case of insurance premium and unearned premium reserve, all future cash flows such as payment of claims, administration expenses, and premium received from policyholders are considered for the liability adequacy test. And in the case of reserve for outstanding claims, the adequacy of individually estimated claims is evaluated by applying models among various statistical methods that are considered appropriate for claim development trend. 3.14.4 Deferred acquisition costs The Group recognizes acquisition cost incurred by the long-term insurance contract as an asset and amortizes it evenly over the premium payment period. If the premium payment period exceeds seven years, the amortization period shall be seven years. If the insurance contract is surrendered or lapsed due to payment overdue, the remaining balances of deferred acquisition cost are fully amortized in the period in which the contract is surrendered or lapsed. |
Provisions | 3.15 Provisions Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Inevitable risks and uncertainties surrounding related events and circumstances are considered in measuring the best estimate of the provisions, and where the effect of the time value of money is material, the amount of provisions is the present value of the expenditures expected to be required to settle the obligation. Provisions for confirmed and unconfirmed acceptances and guarantees, and unused credit lines of consumer and corporate loans are recognized using a valuation model that applies the credit conversion factor, PD, and LGD. 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 provisions are reversed. An onerous contract is a contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfill it. If the Group has a contract that is onerous, the present obligation under the contract is recognized and measured as provisions. |
Financial Guarantee Contracts | 3.16 Financial Guarantee Contracts Financial guarantee contracts require the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the original or modified terms of a debt instrument. Financial guarantee contracts are initially recognized at fair value and classified as other liabilities and are amortized over the contractual term. After initial recognition, financial guarantee contracts are measured at the higher of: • The amount determined in accordance with IFRS No.9 Financial Instruments • The amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with IFRS No.15 Revenue from Contracts with Customers. |
Equity Instrument Issued by the Group | 3.17 Equity Instrument Issued by the Group An equity instrument is any contract or agreement that evidences a residual interest in the assets of an entity after deducting all of its liabilities. 3.17.1 Ordinary shares Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares or the exercise of stock option are deducted from the equity, net of any tax effects. 3.17.2 Hybrid securities The financial instruments can be classified as either financial liabilities or equity in accordance with the terms of the contract. The Group classifies hybrid securities as an equity if the Group has the unconditional right to avoid any contractual obligation to deliver cash or another financial asset in relation to the financial instruments. However, hybrid securities issued by subsidiaries are classified as non-controlling non-controlling 3.17.3 Treasury shares If the Group acquires its own equity instruments, these are accounted for as treasury shares and are deducted directly from equity. No gains or losses are recognized in profit or loss on the purchase, sale, issue or retirement of own equity instruments. If an entity within the Group acquires and retains treasury shares, the consideration paid or received is directly recognized in equity. 3.17.4 Compound financial instruments A compound financial instrument is classified as a financial liability or an equity instrument depending on the substance of the contractual arrangement of such financial instrument. The liability component of the compound financial instrument is measured at fair value of the similar liability without conversion option at initial recognition and subsequently measured at amortized cost using effective interest method until it is extinguished by conversion or matured. Equity component is initially measured at fair value of compound financial instrument in its entirety less fair value of liability component net of tax effect, and it is not remeasured subsequently. |
Revenue Recognition | 3.18 Revenue Recognition The Group recognizes revenues in accordance with the following steps determined in accordance with IFRS No.15 Revenue from Contracts with Customers • Step 1: Identify the contract with a customer. • Step 2: Identify the performance obligations in the contract. • Step 3: Determine the transaction price. • Step 4: Allocate the transaction price to the performance obligations in the contract. • Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. 3.18.1 Interest income and expense Interest income and expense on debt securities at fair value through profit or loss (excluding beneficiary certificates, equity investments, and other debt instruments), loans, financial instruments at amortized cost, and debt securities at fair value through other comprehensive income are recognized in the consolidated statement of comprehensive income using the effective interest method in accordance with IFRS No.9 Financial Instruments The effective interest rate is the rate that exactly discounts estimated future cash receipts or payments through the expected life of the financial instrument or, where appropriate, a shorter period, to the gross carrying amount of a financial asset or to the amortized cost of a financial liability. When calculating the effective interest rate, the Group estimates expected cash flows by considering all contractual terms of the financial instrument but does not consider expected credit losses. The calculation includes all fees and points paid (main components of effective interest rate only) or received between parties to the contract that are an integral part of the effective interest rate, transaction costs, and all other premiums or discounts. In those rare cases when it is not possible to reliably estimate the cash flows and the expected life of a financial instrument, the Group uses the contractual cash flows over the full contractual term of the financial instrument. Interest income on impaired financial assets is recognized using the interest rate used to discount the expected cash flows for the purpose of measuring the impairment loss. Interest income on debt securities at fair value through profit or loss is also classified as interest income in the consolidated statement of comprehensive income. 3.18.2 Fee and commission income The Group recognizes financial service fees in accordance with the purpose of charging the fees and the accounting standards of the financial instrument related to the fees earned. 3.18.2.1 Fees that are an integral part of the effective interest of a financial instrument Such fees are generally treated as adjustments of effective interest rate. Such fees may include compensation for activities such as evaluating the borrower’s financial condition, evaluating and recording guarantees, collateral and other security arrangements, negotiating the terms of the instrument, preparing and processing documents, and closing the transaction and origination fees received on issuing financial liabilities at amortized cost. However, fees relating to the creation or acquisition of a financial instrument at fair value through profit or loss are recognized as revenue immediately. 3.18.2.2 Fees related to performance obligations satisfied over time If the control of a good or service is transferred over time, the Group recognizes revenue related to performance obligations over the period of performance obligations. Fees charged in return for the services for a certain period of time, such as asset management fees, consignment business fees, etc. are recognized over the period of performance obligations. 3.18.2.3 Fees related to performance obligations satisfied at a point in time Fees earned at a point in time are recognized as revenue when a customer obtains controls of a promised good or service and the Group satisfies a performance obligation. Commission on negotiation or participation in negotiation for the third party such as trading stocks or other securities, arranging merger and acquisition of business, is recognized as revenue when the transaction has been completed. If the Group arranges a syndicated loan but does not participate in the syndicated loan or participates in the syndicated loan with the same effective profit as other participants, a syndication arrangement fee is recognized as revenue at the completion of the syndication service. 3.18.3 Net gains or losses on financial instruments at fair value through profit or loss Net gains or losses on financial instruments at fair value through profit or loss (including changes in fair value, dividends, and gains or losses from foreign currency translation) include gains or losses on financial instruments as follows: • Gains or losses relating to financial instruments at fair value through profit or loss (excluding interest income using the effective interest rate method) • Gains or losses relating to derivative financial instruments for trading (including derivative financial instruments for hedging purpose but do not qualify for hedge accounting) 3.18.4 Dividend income Dividend income is recognized in profit or loss when the right to receive payment is established. Dividend income is recognized as net gains or losses on financial instruments at fair value through profit or loss or other operating income depending on the classification of equity securities. |
Employee Compensation and Benefits | 3.19 Employee Compensation and Benefits 3.19.1 Post-employment benefits 3.19.1.1 Defined contribution plans When an employee has rendered service to the Group during a period, the Group recognizes the contribution payable to a defined contribution plan in exchange for that service as post-employment benefits for the period. 3.19.1.2 Defined benefit plans All post-employment benefits, other than defined contribution plans, are classified as defined benefit plans. The amount recognized as a net defined benefit liability is the present value of the defined benefit obligation less the fair value of plan assets at the end of the reporting period. The present value of the defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The rate used to discount post-employment benefit obligations is determined by reference to market yields at the end of the reporting period on high quality corporate bonds. The currency and term of the corporate bonds are consistent with the currency and estimated term of the post-employment benefit obligations. Actuarial gains and losses resulted from changes in actuarial assumptions and experience adjustments are recognized in other comprehensive income. When the present value of the defined benefit obligation minus the fair value of plan assets results in an asset, it is recognized to the extent of the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan. Past service cost is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting from the introduction or changes to a defined benefit plan. Such past service cost is immediately recognized as an expense for the period. 3.19.2 Short-term employee benefits Short-term employee benefits are employee benefits that are expected to be settled wholly before twelve months after the end of the annual reporting period in which the employees render the related service. When an employee has rendered service to the Group during an accounting period, the Group recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for that service as an expense for the period. The expected cost of profit-sharing and bonus payments is recognized as liabilities when the Group has a present legal or constructive obligation to make payments as a result of past events, such as service rendered by employees, and a reliable estimate of the obligation can be made. 3.19.3 Share-based payment The Group provides its executives and employees with stock grants, mileage stock, and long-term share-based payments programs. When stock grants are exercised, the Group can either select to distribute newly issued shares or treasury shares or compensate in cash based on the share price. When mileage stock and long-term share-based payments are exercised, the Group pays the amount equivalent to share price of KB Financial Group Inc. in cash. For a share-based payment transaction in which the terms of the arrangement provide the Group with the choice of whether to settle in cash or by issuing equity instruments, the Group accounts for the transaction in accordance with the requirements applying to cash-settled share-based payment transactions because the Group determines that it has a present obligation to settle in cash based on a past practice and a stated policy of settling in cash. Therefore, the Group measures the liability incurred as consideration for the service received at fair value and recognizes related expense and accrued expense over the vesting periods. For mileage stock and long-term share-based payments program, the Group accounts for the transaction in accordance with the requirements applying to cash-settled share-based payment transactions, which are recognized as expense and accrued expenses at the time of vesting. Until the liability is settled, the Group remeasures the fair value of the liability at the end of each reporting period and at the date of settlement, with any changes in fair value recognized in profit or loss as share-based payments. 3.19.4 Termination benefits Termination benefits are payable when employment is terminated by the Group before the normal retirement date, or an employee’s decision to accept an offer of benefits in exchange for the termination of employment. The Group recognizes a liability and expense for termination benefits at the earlier of the following dates; when the Group can no longer withdraw the offer of those benefits and when the Group recognizes costs for a restructuring that is within the scope of IAS No.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, then the termination benefits are discounted to present value. |
Income Tax Expense | 3.20 Income Tax Expense Income tax expense comprises current tax expense and deferred income tax expense. Current and deferred income tax are recognized as income or expense and included in profit or loss for the period, except to the extent that the tax arises from (a) a transaction or event which is recognized, in the same or a different period, outside profit or loss, either in other comprehensive income or directly in equity and (b) a business combination. 3.20.1 Current income tax Current income tax is the amount of income tax payable (recoverable) in respect of the taxable profit (tax loss) for a period. A difference between the taxable profit and accounting profit may arise when income or expense is included in accounting profit in one period but is included in taxable profit in a different period. Differences may also arise if there is revenue that is exempt from taxation, or expense that is not deductible in determining taxable profit (loss). Current income tax liabilities for the current and prior periods are measured using the tax rates that have been enacted or substantively enacted by the end of the reporting period. The Group offsets current income tax assets and current income tax liabilities if, and only if, the Group (a) has a legally enforceable right to set off the recognized amounts and (b) intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. 3.20.2 Deferred income tax Deferred income tax is recognized, using the asset-liability method, on temporary differences arising between the tax-based The Group recognizes a deferred income tax liability for all taxable temporary differences associated with investments in subsidiaries, associates, and joint ventures, except to the extent that the Group is able to control the timing of the reversal of the temporary difference, and it is probable that the temporary difference will not reverse in the foreseeable future. The carrying amount of a deferred income tax asset is reviewed at the end of each reporting period. The Group reduces the carrying amount of a deferred income tax asset to the extent that it is no longer probable that sufficient taxable profit will be available to allow the benefit of part or all of that deferred income tax asset to be utilized. Deferred income 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 income tax liabilities and deferred income 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. The Group offsets deferred income tax assets and deferred income tax liabilities if, and only if the Group has a legally enforceable right to set off current income tax assets against current income tax liabilities and the deferred income tax assets and the deferred income 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 income tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred income tax liabilities or assets are expected to be settled or recovered. 3.20.3 Uncertain tax positions Uncertain tax positions arise from tax treatments applied by the Group which may be challenged by the tax authorities due to the complexity of the transaction or different interpretation of the tax laws, such as a claim for rectification, a claim for a refund related to additional tax or a tax investigation by the tax authorities. The Group recognizes its uncertain tax positions in the consolidated financial statements in accordance with IAS No.12 and IFRIC No.23. The income tax asset is recognized if a tax refund is probable for taxes levied by the tax authority, and the amount to be paid as a result of the tax investigation and others is recognized as the current tax payable. However, penalty tax and additional refund on tax are regarded as penalty or interest and are accounted for in accordance with IAS No.37. |
Earnings per Share | 3.21 Earnings per Share The Group calculates basic earnings per share amounts and diluted earnings per share amounts for profit or loss attributable to ordinary equity holders of the Parent Company and presents them in the consolidated statement of comprehensive income. Basic earnings per share is calculated by dividing profit or loss attributable to ordinary equity holders of the Parent Company by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share is calculated by adjusting the profit or loss attributable to ordinary equity holders of the Parent Company and weighted average number of shares outstanding, taking into account all potential dilution effects, such as exchangeable bonds and share-based payments given to employees. |
Lease | 3.22 Lease The Group as a lessor recognizes lease payments from operating leases as income on a straight-line basis over the lease term. Initial direct costs incurred in obtaining an operating lease are added to the carrying amount of the underlying asset and recognized as expense over the lease term on the same basis as lease income. The respective leased assets are included in the consolidated statement of financial position based on their nature. A lessee is required to recognize a right-of-use Lease liabilities include the net present value of the following lease payments: • Fixed payments (including in-substance • Variable lease payments that depend on an index or a rate • Amounts expected to be payable by the lessee under residual value guarantees • The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and • Payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease The lease payments are discounted using the interest rate implicit in the lease if that rate can be readily determined. If that rate cannot be readily determined, the lessee’s incremental borrowing rate is used, which is the rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use Right-of-use • The amount of the initial measurement of the lease liability • Any lease payments made at or before the commencement date, less any lease incentives received • Any initial direct costs incurred by the lessee, and • An estimate of restoration costs However, the Group can elect not to apply the requirements of IFRS No.16 to short-term lease (lease that, at the commencement date, has a lease term of 12 months or less) and leases for which the underlying asset is of low value (for example, underlying leased asset under USD 5,000). The right-of-use right-of-use For sale and leaseback transactions, the Group applies the requirements of IFRS No.15 Revenue from Contracts with Customers |
Operating Segments | 3.23 Operating Segments The Group identifies its operating segments based on internal reports which are regularly reviewed by the chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance. Segment information includes items which are directly attributable and can be allocated to the segment on a reasonable basis. |
Overlay Approach | 3.24 Overlay Approach The Group applies the overlay approach in accordance with IFRS No.4 and a financial asset is eligible for designation for the overlay approach if, and only if, the following criteria are met: • It is measured at fair value through profit or loss applying IFRS No.9 but would not have been measured at fair value through profit or loss in its entirety applying IAS No.39 and • It is not held in respect of an activity that is unconnected with contracts within the scope of IFRS No.4. The Group reclassifies between profit or loss and other comprehensive income, and the amount reclassified is equal to the difference between: • The amount reported in profit or loss for the designated financial assets applying IFRS No.9 and • The amount that would have been reported in profit or loss for the designated financial assets if the insurer had applied IAS No.39. The Group is permitted to apply the overlay approach either at initial recognition or it may subsequently designate financial assets that newly meet criterion of not being held in respect of an activity that is unconnected with insurance contract, having previously not met that criterion. The Group continues to apply the overlay approach to a designated financial asset until that financial asset is derecognized. However, the Group de-designates At the beginning of any annual period, the Group may stop applying the overlay approach to all designated financial assets, and cannot subsequently apply the overlay approach, if it stops using this approach because it is no longer an insurer. |
United States dollar amounts | 3.25 United States dollar amounts The Group operates primarily in Korea and its official accounting records are maintained in Korean won. The U.S. dollar amounts are provided herein as supplementary information solely for the convenience of the reader. Korean won amounts are expressed in U.S. dollars at the rate of ₩ 1,260.2 to U.S. $1.00, the U.S. Federal Reserve Bank of New York buying exchange rate in effect at noon, December 31, 2022. Such convenience translation into US dollars should not be construed as representations that the Korean won amounts have been, could have been, or could in the future be, converted at this or any other rate of exchange. |
Basis of Preparation (Tables)
Basis of Preparation (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of information about consolidated structured entities [abstract] | |
Summary of Reclassifications or Changes in Presentation | The effects on the consolidated statements of cash flows for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Increase in changes in other assets ₩ 3,129,722 ₩ 4,674,874 ₩ 175,012 Increase (decrease) in effect of exchange rate changes on cash and cash equivalents in foreign currency (89,860 ) 83,297 88,082 Increase in beginning balance of cash and cash equivalents 8,366,781 11,406,643 16,164,814 Increase in ending balance of cash and cash equivalents 11,406,643 16,164,814 16,427,908 |
Summary of Effect on Financial Statements on Adoption of IFRS No.17 | 1) Effects on consolidated statement of financial position IFRS No.4 IFRS No.17 Net increase (decrease) (In millions of Korean won) Assets Assets Financial assets ₩ 659,563,977 Financial assets ₩ 660,449,629 ₩ 885,652 Intangible assets 3,200,399 Intangible assets 1,858,470 (1,341,929 ) Deferred income tax assets 251,085 Deferred income tax assets 188,372 (62,713 ) Other assets 28,437,529 Other assets 14,815,439 (13,622,090 ) Insurance contract assets 83,304 83,304 Reinsurance contract assets 1,495,966 1,495,966 Others 9,717,858 Others 9,717,365 (493 ) Total assets ₩ 701,170,848 Total assets ₩ 688,608,545 ₩ (12,562,303 ) Liabilities Liabilities Financial liabilities 551,082,334 Financial liabilities 556,125,846 5,043,512 Insurance contract liabilities 58,230,303 Insurance contract liabilities 45,920,012 (12,310,291 ) Reinsurance contract liabilities 31,728 31,728 Deferred income tax liabilities 22,693 Deferred income tax liabilities 1,574,954 1,552,261 Other liabilities 40,140,365 Other liabilities 28,793,630 (11,346,735 ) Others 2,052,239 Others 2,018,127 (34,112 ) Total liabilities ₩ 651,527,934 Total liabilities ₩ 634,464,297 ₩ (17,063,637 ) Equity Equity Share capital and capital adjustments 22,629,352 Share capital and capital adjustments 22,629,352 — Accumulated other comprehensive income (2,713,053 ) Accumulated other comprehensive income 1,312,522 4,025,575 Retained earnings 28,446,513 Retained earnings 28,922,272 475,759 Non-controlling 1,280,102 Non-controlling 1,280,102 — Total equity ₩ 49,642,914 Total equity ₩ 54,144,248 ₩ 4,501,334 2) Effects on consolidated statement of comprehensive income IFRS No.4 IFRS No.17 Net increase (decrease) (In millions of Korean won) Net interest income ₩ 13,112,934 Net interest income 1 ₩ 11,393,422 ₩ (1,719,512 ) Net fee and commission income 3,321,632 Net fee and commission income 3,514,902 193,270 Net insurance income 696,513 Net insurance income 1,334,090 637,577 Insurance income 17,136,842 Insurance income 9,544,474 (7,592,368 ) Insurance expense (16,440,329 ) Insurance service expense (7,961,019 ) 8,479,310 Reinsurance income 522,389 522,389 Reinsurance expense (771,754 ) (771,754 ) Net gains on financial instruments at fair value through profit or loss 247,357 Net gains on financial instruments at fair value (1,133,475 ) (1,380,832 ) Insurance finance income 897,441 897,441 Net other operating (2,365,791 ) Net other operating expenses (2,268,465 ) 97,326 General and administrative expenses (7,537,802 ) General and administrative expenses (6,643,654 ) 894,148 Provision for credit losses (1,835,988 ) Provision for credit losses (1,847,775 ) (11,787 ) Net other non-operating 156,771 Net other non-operating 160,569 3,798 Profit before income tax expense 5,795,626 Profit before income tax expense 5,407,055 (388,571 ) Income tax expense (1,622,387 ) Income tax expense (1,506,961 ) 115,426 Profit for the year 4,173,239 Profit for the year 3,900,094 (273,145 ) Non-controlling (221,591 ) Non-controlling (221,591 ) — Shareholders of the Parent Company 4,394,830 Shareholders of the Parent Company 4,121,685 (273,145 ) Other comprehensive income for the year, net (3,511,437 ) Other comprehensive income for the year, net of tax 146,661 3,658,098 Total comprehensive income for the year ₩ 661,802 Total comprehensive income for the year ₩ 4,046,755 ₩ 3,384,953 1 Includes insurance interest expense on insurance contract liabilities. |
Summary of Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 | The impact of the transition method on the valuation of KB Insurance Co., Ltd.’s insurance contract liabilities included in the Group’s consolidated financial statements is as follows: IFRS No.17 Transition method Period Insurance contract 1 Insurance contract 1 Contractual service 2 (In millions of Korean won) Fully retrospective approach From 2018 to 2021 ₩ 1,358,667 ₩ 4,760,646 ₩ 5,061,116 Fair value approach Before 2018 285,923 21,086,530 2,169,132 ₩ 1,644,590 ₩ 25,847,176 ₩ 7,230,248 1 Insurance contract assets and insurance contract liabilities are the total amounts, including reinsurance contract assets and reinsurance contract liabilities, respectively. 2 The contractual service margin is presented as net amount by offsetting the amounts included in the insurance contract assets and insurance contract liabilities. The impact of the transition method on the valuation of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.)’s insurance contract liabilities included in the Group’s consolidated financial statements is as follows: IFRS No.17 Transition method Period Insurance contract assets 1 Insurance contract liabilities 1 Contractual service margin 2 (In millions of Korean won) Fully retrospective approach For the entire period ₩ — ₩ 20,140,367 ₩ 3,606,629 ₩ — ₩ 20,140,367 ₩ 3,606,629 1 Insurance contract assets and insurance contract liabilities are the total amounts, including reinsurance contract assets and reinsurance contract liabilities, respectively. 2 The contractual service margin is presented as net amount by offsetting the amounts included in the insurance contract assets and insurance contract liabilities. The impact of the transition method on the valuation of KB Life Insurance Co., Ltd.’s insurance contract liabilities included in the Group’s consolidated financial statements is as follows: Transition method Period IFRS No.17 Insurance contract assets 1 Insurance contract liabilities 1 Contractual service margin 2 (In millions of Korean won) Fully retrospective approach From 2019 to 2021 ₩ 3,369 ₩ 2,038,428 ₩ 359,140 Fair value approach Before 2019 485 6,421,010 57,691 ₩ 3,854 ₩ 8,459,438 ₩ 416,831 1 Insurance contract assets and insurance contract liabilities are the total amounts, including reinsurance contract assets and reinsurance contract liabilities, respectively. 2 The contractual service margin is presented as net amount by offsetting the amounts included in the insurance contract assets and insurance contract liabilities. |
Summary of Estimated Composition of Assets and Liabilities under IFRS No.17 | The estimated composition of applicable assets and liabilities under IFRS No.17 is as follows: (In millions of Korean won) Assets under IFRS No.17 Insurance contract assets ₩ 83,304 Contractual service margin (316,418 ) Reinsurance contract assets 1,495,966 Contractual service margin on reinsurance contract (93,045 ) ₩ 1,579,270 (In millions of Korean won) Liabilities under IFRS No.17 Insurance contract liabilities ₩ 45,920,012 Contractual service margin 12,892,278 Reinsurance contract liabilities 31,728 Contractual service margin on reinsurance contract (7,922 ) ₩ 45,951,740 |
Summary of Redesignation of Financial Assets at date of Initial Application of IFRS17 | The expected impact of the measurement categories of financial instruments due to the re-evaluation Measurement categories before the re-evaluation the business models Measurement categories after the re-evaluation the business models Carrying amount before the re-evaluation the business models Carrying amount after the re-evaluation the business models (In millions of Korean won) Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income ₩ 106,412 ₩ 106,412 Loans measured at amortized cost Financial assets at fair value through other comprehensive income 134,811 126,674 Securities measured at amortized cost Financial assets at fair value through other comprehensive income 22,389,536 18,068,804 |
Significant Accounting Polici_3
Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policy [Abstract] | |
Summary of The Correlation Between The Major Macroeconomic Variables And The Credit Risk | The correlation between the major macroeconomic variables and the credit risk are as follows: Key macroeconomic variables Correlation between the major macroeconomic variables and the credit risk Domestic GDP growth rate ( - Composite stock index ( - Rate of change of construction investment ( - Rate of change of housing transaction price index ( - Interest rate spread ( + Private consumption growth rate ( - Change of call rate compared to the previous year (%p) ( + Rate of change of household loan ( - |
Summary of Property Plant And Equipment | The depreciation method and estimated useful life of property and equipment are as follows: Property and equipment Depreciation method Estimated useful life Buildings Straight-line 20~40 years Leasehold improvements Declining-balance/ Straight-line 4~15 years Equipment and vehicles Declining-balance/ Straight-line 3~15 years |
Summary of Investment Property | The depreciation method and estimated useful life of investment properties are as follows: Investment properties Depreciation method Estimated useful life Buildings Straight-line 20~40 years The residual value, the useful life, and the depreciation method applied to an asset are reviewed at each financial year-end |
Summary of Finite Lived Intangible Assets | Intangible assets, except for goodwill and membership rights, are amortized using the straight-line or declining-balance method with no residual value over their estimated useful life since the assets are available for use. Intangible assets Amortization method Estimated useful life Industrial property rights Straight-line 3 ~ 19 years Software Straight-line 3 ~ 5 years Value of business acquired Declining-balance 30, 60 years Others Straight-line / Declining-balance 1 ~ 13 years The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at each financial year-end. |
Financial Risk Management (Tabl
Financial Risk Management (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Finacial Risk Management Abstract [Abstract] | |
Summary of Maximum Exposure to Credit Risk | The Group’s maximum exposures to credit risk without consideration of collateral values in relation to financial instruments other than equity securities as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Financial assets Due from financial institutions measured at amortized cost* ₩ 28,362,387 ₩ 29,500,768 Financial assets at fair value through profit or loss: Due from financial institutions measured at fair value through profit or loss 200,742 69,469 Securities measured at fair value through profit or loss 63,002,692 61,787,727 Loans measured at fair value through profit or loss 269,296 493,562 Financial instruments indexed to the price of gold 113,622 90,006 Derivatives 3,721,370 9,446,134 Loans measured at amortized cost* 417,900,273 436,530,502 Financial investments: Securities measured at fair value through other comprehensive income 56,259,511 55,610,319 Securities measured at amortized cost* 44,471,628 58,288,734 Loans measured at fair value through other comprehensive income 313,604 363,144 Other financial assets* 10,755,350 11,209,350 625,370,475 663,389,715 Off-balance Acceptances and guarantees contracts 10,199,689 12,425,753 Financial guarantee contracts 6,892,464 8,297,042 Commitments 170,218,143 188,168,340 187,310,296 208,891,135 ₩ 812,680,771 ₩ 872,280,850 * After netting of allowance |
Summary of Credit Quality of Loans | Credit qualities of loans as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 111,284,284 ₩ 5,345,956 ₩ 3,705 ₩ — ₩ 116,633,945 Grade 2 68,050,042 7,847,126 4,338 — 75,901,506 Grade 3 5,323,745 2,850,266 2,949 — 8,176,960 Grade 4 586,857 1,037,461 7,570 — 1,631,888 Grade 5 12,877 352,046 2,143,708 — 2,508,631 185,257,805 17,432,855 2,162,270 — 204,852,930 Retail Grade 1 170,810,128 4,593,302 11,609 — 175,415,039 Grade 2 9,093,868 4,209,451 35,097 — 13,338,416 Grade 3 3,410,624 1,414,439 23,467 — 4,848,530 Grade 4 235,150 400,029 17,998 — 653,177 Grade 5 495,987 445,588 710,341 — 1,651,916 184,045,757 11,062,809 798,512 — 195,907,078 Credit card Grade 1 10,640,412 1,113,400 — — 11,753,812 Grade 2 3,919,053 1,027,546 — — 4,946,599 Grade 3 1,360,908 1,412,951 — — 2,773,859 Grade 4 82,565 608,250 — — 690,815 Grade 5 1,267 130,712 527,256 — 659,235 16,004,205 4,292,859 527,256 — 20,824,320 385,307,767 32,788,523 3,488,038 — 421,584,328 Loans measured at fair value through other comprehensive income Corporate Grade 1 233,868 — — — 233,868 Grade 2 79,736 — — — 79,736 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 313,604 — — — 313,604 313,604 — — — 313,604 ₩ 385,621,371 ₩ 32,788,523 ₩ 3,488,038 ₩ — ₩ 421,897,932 December 31, 2022 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Loans measured at amortized cost* Corporate Grade 1 ₩ 134,487,020 ₩ 5,877,660 ₩ 3,372 ₩ — ₩ 140,368,052 Grade 2 65,627,866 8,585,346 4,480 — 74,217,692 Grade 3 4,054,715 3,221,267 14,693 — 7,290,675 Grade 4 570,670 922,748 34,298 — 1,527,716 Grade 5 11,910 419,058 1,959,706 — 2,390,674 204,752,181 19,026,079 2,016,549 — 225,794,809 Retail Grade 1 168,460,089 4,240,281 11,286 — 172,711,656 Grade 2 7,697,699 3,846,756 32,877 — 11,577,332 Grade 3 4,319,404 1,477,076 25,599 — 5,822,079 Grade 4 293,828 313,999 32,330 — 640,157 Grade 5 25,672 670,642 837,187 — 1,533,501 180,796,692 10,548,754 939,279 — 192,284,725 Credit card Grade 1 11,547,014 1,316,136 — — 12,863,150 Grade 2 4,390,211 1,214,946 — — 5,605,157 Grade 3 1,142,362 1,925,145 — — 3,067,507 Grade 4 2,227 302,736 — — 304,963 Grade 5 666 173,049 595,101 — 768,816 17,082,480 4,932,012 595,101 — 22,609,593 402,631,353 34,506,845 3,550,929 — 440,689,127 Loans measured at fair value through other comprehensive income Corporate Grade 1 303,317 — — — 303,317 Grade 2 59,827 — — — 59,827 Grade 3 — — — — — Grade 4 — — — — — Grade 5 — — — — — 363,144 — — — 363,144 363,144 — — — 363,144 ₩ 402,994,497 ₩ 34,506,845 ₩ 3,550,929 ₩ — ₩ 441,052,271 * Before netting of allowance |
Summary of Credit Quality of Loans Graded According to Internal Credit Ratings | Credit qualities of loans graded according to internal credit ratings as of December 31, 2021 and 2022, are as follows: Range of probability Retail Corporate Grade 1 0.0 ~ 1.0 1 ~ 5 grade AAA ~ BBB+ Grade 2 1.0 ~ 5.0 6 ~ 8 grade BBB ~ BB Grade 3 5.0 ~ 15.0 9 ~ 10 grade BB- Grade 4 15.0 ~ 30.0 11 grade B- Grade 5 30.0 ~ 12 grade or under CC or under |
Summary of Quantification Extent to Collateral and other Credit Enhancements Mitigate Credit Risk Loans | Quantification of the extent to which collateral and other credit enhancements mitigate credit risk of loans as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 90,696,507 ₩ 6,604,758 ₩ 396,097 ₩ 97,697,362 Deposits and savings 5,723,090 98,389 79,229 5,900,708 Property and equipment 13,205,822 597,251 319,697 14,122,770 Real estate 182,139,890 13,736,634 1,990,847 197,867,371 ₩ 291,765,309 ₩ 21,037,032 ₩ 2,785,870 ₩ 315,588,211 December 31, 2022 12-month expected credit Lifetime expected credit losses Total Non-impaired Impaired (In millions of Korean won) Guarantees ₩ 100,396,614 ₩ 7,060,738 ₩ 301,688 ₩ 107,759,040 Deposits and savings 6,206,646 141,016 51,297 6,398,959 Property and equipment 14,648,523 1,002,291 180,103 15,830,917 Real estate 190,604,649 15,720,019 1,706,308 208,030,976 ₩ 311,856,432 ₩ 23,924,064 ₩ 2,239,396 ₩ 338,019,892 |
Summary of Credit Quality of Securities Excluding Equity Securities | Credit qualities of securities exposed to credit risk other than equity securities among financial investments as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 43,427,028 ₩ — ₩ — ₩ — ₩ 43,427,028 Grade 2 1,039,757 — — — 1,039,757 Grade 3 1,371 7,641 — — 9,012 Grade 4 — — — — — Grade 5 — — — — — 44,468,156 7,641 — — 44,475,797 Securities measured at fair value through other comprehensive income Grade 1 51,490,960 — — — 51,490,960 Grade 2 4,682,582 — — — 4,682,582 Grade 3 42,861 3,973 — — 46,834 Grade 4 39,135 — — — 39,135 Grade 5 — — — — — 56,255,538 3,973 — — 56,259,511 ₩ 100,723,694 ₩ 11,614 ₩ — ₩ — ₩ 100,735,308 December 31, 2022 12-month Lifetime expected credit Not applying Total Non-impaired Impaired (In millions of Korean won) Securities measured at amortized cost* Grade 1 ₩ 56,448,267 ₩ — ₩ — ₩ — ₩ 56,448,267 Grade 2 1,845,339 — — — 1,845,339 Grade 3 1,288 — — — 1,288 Grade 4 — — — — — Grade 5 — — — — — 58,294,894 — — — 58,294,894 Securities measured at fair value through other comprehensive income Grade 1 51,281,790 — — — 51,281,790 Grade 2 4,180,121 53,861 — — 4,233,982 Grade 3 66,797 9,169 — — 75,966 Grade 4 13,941 4,640 — — 18,581 Grade 5 — — — — — 55,542,649 67,670 — — 55,610,319 ₩ 113,837,543 ₩ 67,670 ₩ — ₩ — ₩ 113,905,213 * Before netting of allowance |
Summary of Credit Quality of Securities Excluding Equity Securities According to Credit Ratings External Rating Agencies | Credit qualities of securities other than equity securities, according to the credit ratings by external credit rating agencies as of December 31, 2021 and 2022, are as follows: Domestic Foreign Credit quality KIS NICE P&I KAP FnPricing Inc. S&P Fitch-IBCA Moody’s Grade 1 AA0 to AAA AA0 to AAA AA0 to AAA AA0 to AAA A- to AAA A- to AAA A3 to Aaa Grade 2 A A A- A- BBB- to BBB+ BBB- to BBB+ Baa3 to Baa1 Grade 3 BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BBB0 to BBB+ BB to BB+ BB to BB+ Ba2 to Ba1 Grade 4 BB0 to BBB- BB0 to BBB- BB0 to BBB- BB0 to BBB- B+ to BB- B B1 to Ba3 Grade 5 BB BB- BB- BB- B or under B or under B2 or under |
Summary of Credit Quality Due Financial Institutions | Credit qualities of due from financial institutions as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit losses Not applying Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 26,548,145 ₩ — ₩ — ₩ — ₩ 26,548,145 Grade 2 1,305,539 — — — 1,305,539 Grade 3 61,177 — — — 61,177 Grade 4 — — — — — Grade 5 450,495 — — — 450,495 ₩ 28,365,356 ₩ — ₩ — ₩ — ₩ 28,365,356 December 31, 2022 12-month expected Lifetime expected credit losses Not applying expected credit Total Non-impaired Impaired (In millions of Korean won) Due from financial institutions measured at amortized cost* Grade 1 ₩ 27,612,549 ₩ — ₩ — ₩ — ₩ 27,612,549 Grade 2 1,428,663 — — — 1,428,663 Grade 3 — — — — — Grade 4 — — — — — Grade 5 462,299 — — — 462,299 ₩ 29,503,511 ₩ — ₩ — ₩ — ₩ 29,503,511 * Before netting of allowance |
Summary of Quantification Extent Collateral and Credit Enhancements Mitigate Credit Risk Derivatives | Quantification of the extent to which collateral mitigates credit risk of derivative financial instruments as of December 31, 2021 and 2022, are as follows: December 31, 202 1 December 31, 202 2 (In millions of Korean won) Deposits, savings, securities, and others ₩ 834,175 ₩ 2,966,923 |
Summary of Groups Regional Loans | Classifications of loans by country as of December 31, 2021 and 2022, are as follows: December 31, 2021 * Retail Corporate Credit card Total % Allowances Carrying amount (In millions of Korean won) Korea ₩ 191,601,232 ₩ 183,222,201 ₩ 20,766,535 ₩ 395,589,968 93.70 ₩ (2,653,256 ) ₩ 392,936,712 Europe — 2,673,817 — 2,673,817 0.63 (29,015 ) 2,644,802 China 34,982 6,743,756 327 6,779,065 1.61 (34,316 ) 6,744,749 Japan 86 1,039,453 8 1,039,547 0.25 (2,227 ) 1,037,320 United States — 3,555,723 — 3,555,723 0.84 (28,113 ) 3,527,610 Cambodia 1,985,808 3,115,992 — 5,101,800 1.21 (70,660 ) 5,031,140 Indonesia 1,666,850 3,710,586 55,520 5,432,956 1.29 (841,145 ) 4,591,811 Others 618,120 1,374,302 1,930 1,994,352 0.47 (25,323 ) 1,969,029 ₩ 195,907,078 ₩ 205,435,830 ₩ 20,824,320 ₩ 422,167,228 100.00 ₩ (3,684,055 ) ₩ 418,483,173 December 31, 2022 * Retail Corporate Credit card Total % Allowances Carrying amount (In millions of Korean won) Korea ₩ 186,948,909 ₩ 198,853,096 ₩ 22,562,372 ₩ 408,364,377 92.49 ₩ (3,030,906 ) ₩ 405,333,471 Europe — 4,671,790 — 4,671,790 1.06 (25,689 ) 4,646,101 China 140,060 6,901,682 363 7,042,105 1.59 (39,025 ) 7,003,080 Japan — 1,150,151 46 1,150,197 0.26 (1,755 ) 1,148,442 United States — 5,130,629 — 5,130,629 1.16 (18,229 ) 5,112,400 Cambodia 2,610,472 3,768,170 — 6,378,642 1.44 (73,723 ) 6,304,919 Indonesia 1,735,571 2,896,037 43,023 4,674,631 1.06 (795,309 ) 3,879,322 Others 849,713 3,279,960 3,789 4,133,462 0.94 (173,989 ) 3,959,473 ₩ 192,284,725 ₩ 226,651,515 ₩ 22,609,593 ₩ 441,545,833 100.00 ₩ (4,158,625 ) ₩ 437,387,208 * Amount includes loans measured at fair value through profit or loss, other comprehensive income, and amortized cost. |
Summary of Groups Industrial Corporate Loans | Classifications of corporate loans by industry as of December 31, 2021 and 2022, are as follows: December 31, 2021 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 22,059,895 10.74 ₩ (32,856 ) ₩ 22,027,039 Manufacturing 49,149,918 23.92 (510,762 ) 48,639,156 Service 86,926,095 42.31 (450,272 ) 86,475,823 Wholesale and retail 26,862,247 13.08 (257,541 ) 26,604,706 Construction 5,683,471 2.77 (228,803 ) 5,454,668 Public sector 2,070,960 1.01 (95,053 ) 1,975,907 Others 12,683,244 6.17 (311,629 ) 12,371,615 ₩ 205,435,830 100.00 ₩ (1,886,916 ) ₩ 203,548,914 December 31, 2022 Loans % Allowances Carrying amount (In millions of Korean won) Financial institutions ₩ 23,603,384 10.41 ₩ (52,108 ) ₩ 23,551,276 Manufacturing 53,301,044 23.52 (575,227 ) 52,725,817 Service 98,306,161 43.37 (479,440 ) 97,826,721 Wholesale and retail 29,665,900 13.09 (352,211 ) 29,313,689 Construction 6,909,315 3.06 (228,782 ) 6,680,533 Public sector 1,903,185 0.84 (84,423 ) 1,818,762 Others 12,962,526 5.71 (213,204 ) 12,749,322 ₩ 226,651,515 100.00 ₩ (1,985,395 ) ₩ 224,666,120 |
Summary of Groups Retail and Credit Card Loans | Classifications of retail loans and credit card receivables as of December 31, 2021 and 2022, are as follows: December 31, 2021 Loans % Allowances Carrying amount (In millions of Korean won) Housing loan ₩ 93,695,479 43.23 ₩ (71,424 ) ₩ 93,624,055 General loan 102,211,599 47.16 (933,571 ) 101,278,028 Credit card 20,824,320 9.61 (792,144 ) 20,032,176 ₩ 216,731,398 100.00 ₩ (1,797,139 ) ₩ 214,934,259 December 31, 2022 Loans % Allowances Carrying amount (In millions of Korean won) Housing loan ₩ 94,625,388 44.03 ₩ (162,446 ) ₩ 94,462,942 General loan 97,659,337 45.45 (1,172,942 ) 96,486,395 Credit card 22,609,593 10.52 (837,842 ) 21,771,751 ₩ 214,894,318 100.00 ₩ (2,173,230 ) ₩ 212,721,088 |
Summary of Credit Risk Industrial Concentration Financial Institutions and Securities Excluding Equity Securities Derivative | Classifications of due from financial institutions, securities other than equity securities, and derivative financial assets by industry as of December 31, 2021 and 2022, are as follows: December 31, 2021 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 28,365,356 100.00 ₩ (2,969 ) ₩ 28,362,387 28,365,356 100.00 (2,969 ) 28,362,387 Due from financial institutions measured at fair value through profit or loss Finance and insurance 200,742 100.00 — 200,742 200,742 100.00 — 200,742 Securities measured at fair value through profit or loss Government and government funded institutions 16,101,187 25.56 — 16,101,187 Finance and insurance 35,025,800 55.59 — 35,025,800 Others 11,875,705 18.85 — 11,875,705 63,002,692 100.00 — 63,002,692 Derivative financial assets Government and government funded institutions 6,985 0.19 — 6,985 Finance and insurance 3,554,783 95.52 — 3,554,783 Others 159,602 4.29 — 159,602 3,721,370 100.00 — 3,721,370 Securities measured at fair value through other comprehensive income Government and government funded institutions 24,609,458 43.74 — 24,609,458 Finance and insurance 22,669,379 40.29 — 22,669,379 Others 8,980,674 15.97 — 8,980,674 56,259,511 100.00 — 56,259,511 Securities measured at amortized cost Government and government funded institutions 31,996,180 71.94 (34 ) 31,996,146 Finance and insurance 10,450,497 23.50 (3,337 ) 10,447,160 Others 2,029,120 4.56 (798 ) 2,028,322 44,475,797 100.00 (4,169 ) 44,471,628 ₩ 196,025,468 ₩ (7,138 ) ₩ 196,018,330 December 31, 2022 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Finance and insurance ₩ 29,503,511 100.00 ₩ (2,743 ) ₩ 29,500,768 29,503,511 100.00 (2,743 ) 29,500,768 Due from financial institutions measured at fair value through profit or loss Finance and insurance 69,469 100.00 — 69,469 69,469 100.00 — 69,469 Securities measured at fair value through profit or loss Government and government funded institutions 15,523,407 25.12 — 15,523,407 Finance and insurance 35,904,941 58.11 — 35,904,941 Others 10,359,379 16.77 — 10,359,379 61,787,727 100.00 — 61,787,727 Derivative financial assets Government and government funded institutions 58,060 0.61 — 58,060 Finance and insurance 8,987,835 95.15 — 8,987,835 Others 400,239 4.24 — 400,239 9,446,134 100.00 — 9,446,134 Securities measured at fair value through other comprehensive income Government and government funded institutions 25,001,019 44.96 — 25,001,019 Finance and insurance 21,034,862 37.83 — 21,034,862 Others 9,574,438 17.21 — 9,574,438 55,610,319 100.00 — 55,610,319 Securities measured at amortized cost Government and government funded institutions 37,167,849 63.76 (31 ) 37,167,818 Finance and insurance 18,624,970 31.95 (5,306 ) 18,619,664 Others 2,502,075 4.29 (823 ) 2,501,252 58,294,894 100.00 (6,160 ) 58,288,734 ₩ 214,712,054 ₩ (8,903 ) ₩ 214,703,151 |
Summary of Credit Risk Regional Concentration Due Financial Institutions and Securities Excluding Equity Securities Derivative | Classifications of due from financial institutions, securities other than equity securities, and derivative financial assets by country as of December 31, 2021 and 2022, are as follows: December 31, 2021 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 21,051,229 74.21 ₩ (574 ) ₩ 21,050,655 United States 2,875,884 10.14 (136 ) 2,875,748 Others 4,438,243 15.65 (2,259 ) 4,435,984 28,365,356 100.00 (2,969 ) 28,362,387 Due from financial institutions measured at fair value through profit or loss Korea 200,742 100.00 — 200,742 200,742 100.00 — 200,742 Securities measured at fair value through profit or loss Korea 56,920,225 90.35 — 56,920,225 United States 3,334,888 5.29 — 3,334,888 Others 2,747,579 4.36 — 2,747,579 63,002,692 100.00 — 63,002,692 Derivative financial assets Korea 1,639,657 44.06 — 1,639,657 United States 753,896 20.26 — 753,896 France 370,787 9.96 — 370,787 Singapore 117,964 3.17 — 117,964 Japan 96,438 2.59 — 96,438 Others 742,628 19.96 — 742,628 3,721,370 100.00 — 3,721,370 Securities measured at fair value through other comprehensive income Korea 51,484,332 91.51 — 51,484,332 United States 1,417,898 2.52 — 1,417,898 Others 3,357,281 5.97 — 3,357,281 56,259,511 100.00 — 56,259,511 Securities measured at amortized cost Korea 41,912,154 94.24 (3,183 ) 41,908,971 United States 1,188,427 2.67 (466 ) 1,187,961 Others 1,375,216 3.09 (520 ) 1,374,696 44,475,797 100.00 (4,169 ) 44,471,628 ₩ 196,025,468 ₩ (7,138 ) ₩ 196,018,330 December 31, 2022 Amount % Allowances Carrying amount (In millions of Korean won) Due from financial institutions measured at amortized cost Korea ₩ 21,765,088 73.77 ₩ (484 ) ₩ 21,764,604 United States 2,248,004 7.62 (28 ) 2,247,976 Others 5,490,419 18.61 (2,231 ) 5,488,188 29,503,511 100.00 (2,743 ) 29,500,768 Due from financial institutions measured at fair value through profit or loss Korea 69,469 100.00 — 69,469 69,469 100.00 — 69,469 Securities measured at fair value through profit or loss Korea 56,691,217 91.75 — 56,691,217 United States 2,934,339 4.75 — 2,934,339 Others 2,162,171 3.50 — 2,162,171 61,787,727 100.00 — 61,787,727 Derivative financial assets Korea 4,830,565 51.14 — 4,830,565 United States 1,351,969 14.31 — 1,351,969 France 1,281,270 13.56 — 1,281,270 Singapore 212,710 2.25 — 212,710 Japan 435,592 4.61 — 435,592 Others 1,334,028 14.13 — 1,334,028 9,446,134 100.00 — 9,446,134 Securities measured at fair value through other comprehensive income Korea 51,039,864 91.78 — 51,039,864 United States 1,459,063 2.63 — 1,459,063 Others 3,111,392 5.59 — 3,111,392 55,610,319 100.00 — 55,610,319 Securities measured at amortized cost Korea 51,832,992 88.92 (4,046 ) 51,828,946 United States 3,919,413 6.72 (1,263 ) 3,918,150 Others 2,542,489 4.36 (851 ) 2,541,638 58,294,894 100.00 (6,160 ) 58,288,734 ₩ 214,712,054 ₩ (8,903 ) ₩ 214,703,151 |
Summary of Remaining Contractual Maturity of Financial Assets and Liabilities Excluding Derivatives Cash Flow Hedging | Remaining contractual maturity of financial liabilities other than derivatives held for cash flow hedge, and off-balance December 31, 2021 On demand Up to 1 month 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 1 ₩ 2,939,584 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,939,584 Financial liabilities designated at fair value through profit or loss 1 9,149,396 — — — — — 9,149,396 Derivatives held for trading 1 3,509,789 — — — — — 3,509,789 Derivatives held for hedging 2 — 11,355 9,993 31,135 31,640 1,423 85,546 Deposits 3 204,616,202 16,556,213 31,123,968 111,140,222 10,157,238 1,329,120 374,922,963 Borrowings 8,504,084 17,807,785 5,825,350 13,861,238 10,380,171 1,003,369 57,381,997 Debentures 14,528 3,438,621 5,318,699 20,496,869 34,863,044 6,509,966 70,641,727 Lease liabilities 139 23,387 42,406 157,536 334,359 50,555 608,382 Other financial liabilities 217,874 22,953,515 203,897 354,876 934,389 372,745 25,037,296 ₩ 228,951,596 ₩ 60,790,876 ₩ 42,524,313 ₩ 146,041,876 ₩ 56,700,841 ₩ 9,267,178 ₩ 544,276,680 Off-balance Commitments 4 ₩ 170,218,143 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 170,218,143 Acceptances and guarantees contracts 10,199,689 — — — — — 10,199,689 Financial guarantee contracts 5 6,892,464 — — — — — 6,892,464 ₩ 187,310,296 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 187,310,296 December 31, 2022 On demand Up to 1 month 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss 1 ₩ 2,193,210 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 2,193,210 Financial liabilities designated at fair value through profit or loss 1 10,078,394 — — — — — 10,078,394 Derivatives held for trading 1 9,209,537 — — — — — 9,209,537 Derivatives held for hedging 2 — 11,106 8,886 39,174 221,551 3,502 284,219 Deposits 3 170,489,726 29,911,835 45,245,496 131,765,097 17,979,299 1,129,024 396,520,477 Borrowings 7,831,474 23,821,330 7,676,952 19,120,861 12,839,302 1,159,432 72,449,351 Debentures 11,117 4,011,679 8,353,663 20,995,587 33,216,320 6,485,136 73,073,502 Lease liabilities 164 28,079 45,200 171,449 376,159 2,839 623,890 Other financial liabilities 179,241 17,938,781 368,218 447,898 907,643 428,310 20,270,091 ₩ 199,992,863 ₩ 75,722,810 ₩ 61,698,415 ₩ 172,540,066 ₩ 65,540,274 ₩ 9,208,243 ₩ 584,702,671 Off-balance Commitments 4 ₩ 188,168,340 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 188,168,340 Acceptances and guarantees contracts 12,425,753 — — — — — 12,425,753 Financial guarantee contracts 5 8,297,042 — — — — — 8,297,042 ₩ 208,891,135 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 208,891,135 1 Financial liabilities measured or designated at fair value through profit or loss and derivatives held for trading are not managed by contractual maturity because they are expected to be traded or redeemed before maturity. Therefore, the carrying amounts of those financial instruments are included in the ‘On demand’ category. 2 Cash flows of derivatives held for hedging are shown at net amount of cash inflows and outflows by remaining contractual maturity. 3 Deposits that are contractually repayable on demand or on short notice are included in the ‘On demand’ category. 4 Commitments are included in the ‘On demand’ category because payments can be requested at any time. 5 Cash flows under financial guarantee contracts are classified based on the earliest period that the contract can be executed. |
Summary of Cash Flows of Derivatives Held for Cash Flow Hedging | Contractual cash flows of derivatives held for cash flow hedge as of December 31, 2021 and 2022, are as follows: December 31, 2021 Up to 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow to be received (paid) of net-settled ₩ (102 ) ₩ (2,647 ) ₩ (252 ) ₩ 24,812 ₩ (11 ) ₩ 21,800 Cash flow to be received of gross-settled derivatives 126,429 325,664 619,100 2,084,618 — 3,155,811 Cash flow to be paid of gross-settled derivatives (130,919 ) (329,546 ) (630,023 ) (1,428,759 ) — (2,519,247 ) December 31, 2022 Up to 1-3 3-12 1-5 Over 5 years Total (In millions of Korean won) Cash flow to be received (paid) of net-settled ₩ 1,534 ₩ 10,994 ₩ 25,749 ₩ 119,179 ₩ 3,526 ₩ 160,982 Cash flow to be received of gross-settled derivatives 10,932 30,311 1,003,755 2,894,502 — 3,939,500 Cash flow to be paid of gross-settled derivatives (10,357 ) (54,794 ) (1,007,950 ) (2,255,613 ) — (3,328,714 ) |
Details of Financial Instruments that Have Not Been Converted to Alternative Interest Rate Benchmark | Details of financial instruments that have not been converted to alternative interest rate benchmark as of December 31, 202 2 December 31, 2022 Exposure amount* USD LIBOR (In millions of Korean won) Measured at fair value: Financial assets at fair value through profit or loss ₩ — Financial liabilities designated at fair value through profit or loss — Financial investments 22,800 Measured at amortized cost: Loans 1,954,327 Borrowings and debentures 531,334 Others: Derivative financial instruments 290,423 * Financial instruments to be expired before transition to alternative interest rate benchmark are excluded. |
Summary of Value at Risk | Ten-day Kookmin Bank 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Interest rate risk ₩ 20,051 ₩ 6,372 ₩ 55,670 ₩ 16,534 Stock price risk 9,067 4,537 24,824 5,513 Currency risk 27,886 17,820 49,264 21,522 Diversification effect (13,039 ) Total VaR ₩ 40,915 ₩ 15,986 ₩ 115,347 ₩ 30,530 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Interest rate risk ₩ 34,923 ₩ 16,541 ₩ 64,356 ₩ 47,093 Stock price risk 8,606 5,142 11,061 9,407 Currency risk 24,054 14,428 41,815 41,189 Diversification effect (5,140 ) Total VaR ₩ 49,701 ₩ 22,144 ₩ 99,436 ₩ 92,549 KB Securities Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Interest rate risk ₩ 724,482 ₩ 657,094 ₩ 821,864 ₩ 821,864 Stock price risk 249,320 207,425 299,221 278,356 Currency risk 14,275 6,808 22,543 22,543 Commodity risk 88 3 210 19 ₩ 988,165 ₩ 871,330 ₩ 1,143,838 ₩ 1,122,782 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Interest rate risk ₩ 828,772 ₩ 755,379 ₩ 873,861 ₩ 755,379 Stock price risk 212,679 150,149 297,812 171,592 Currency risk 24,002 14,938 34,109 34,109 Commodity risk 116 41 229 41 ₩ 1,065,569 ₩ 920,507 ₩ 1,206,011 ₩ 961,121 KB Insurance Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Interest rate risk ₩ 5,445 ₩ 3,854 ₩ 6,553 ₩ 5,906 Currency risk 34,560 28,035 40,853 40,853 ₩ 40,005 ₩ 31,889 ₩ 47,406 ₩ 46,759 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Interest rate risk ₩ 4,728 ₩ 3,159 ₩ 6,450 ₩ 3,159 Currency risk 28,413 14,768 39,701 14,768 ₩ 33,141 ₩ 17,927 ₩ 46,151 ₩ 17,927 KB Kookmin Card Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Currency risk ₩ 13,029 ₩ 7,744 ₩ 16,094 ₩ 15,637 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Currency risk ₩ 18,430 ₩ 16,483 ₩ 21,890 ₩ 21,341 KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Currency risk ₩ 4,676 ₩ 1,337 ₩ 7,211 ₩ 6,963 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Currency risk ₩ 4,253 ₩ 853 ₩ 8,931 ₩ 8,931 KB Asset Management Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Currency risk ₩ 2,151 ₩ 1,053 ₩ 3,085 ₩ 2,405 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Currency risk ₩ 2,426 ₩ 1,607 ₩ 2,823 ₩ 2,455 KB Capital Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Currency risk ₩ 1,121 ₩ 867 ₩ 1,280 ₩ 1,280 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Currency risk ₩ 1,905 ₩ 1,298 ₩ 2,128 ₩ 2,045 KB Life Insurance Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Interest rate risk ₩ 2,095 ₩ 1,072 ₩ 2,932 ₩ 1,072 Currency risk 4,216 1,725 6,651 6,378 ₩ 6,311 ₩ 2,797 ₩ 9,583 ₩ 7,450 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Interest rate risk ₩ 545 ₩ — ₩ 1,476 ₩ — Currency risk 4,355 993 6,799 993 ₩ 4,900 ₩ 993 ₩ 8,275 ₩ 993 KB Investment Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Stock price risk ₩ 5,114 ₩ 3,518 ₩ 10,518 ₩ 10,518 Currency risk 13,706 11,269 18,452 18,301 ₩ 18,820 ₩ 14,787 ₩ 28,970 ₩ 28,819 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Stock price risk ₩ 9,406 ₩ 8,002 ₩ 10,685 ₩ 8,438 Currency risk 21,993 18,883 24,384 21,727 ₩ 31,399 ₩ 26,885 ₩ 35,069 ₩ 30,165 KB Data System Co., Ltd. 2021 Average Minimum Maximum Dec. 31, 2021 (In millions of Korean won) Stock price risk ₩ 177 ₩ — ₩ 231 ₩ 231 2022 Average Minimum Maximum Dec. 31, 2022 (In millions of Korean won) Stock price risk ₩ 198 ₩ 155 ₩ 228 ₩ 155 |
Summary of Required Equity Capital not Measured by Value at Risk | Kookmin Bank December 31, 2021 December 31, 2022 (In millions of Korean won) Interest rate risk ₩ 25,432 ₩ 18,545 Stock price risk 6 4,686 Currency risk 46,173 70,757 ₩ 71,611 ₩ 93,988 |
Summary of Changes in Equity and Earnings from Interest Rate Risk | (a) Kookmin Bank ΔEVE is calculated by applying six interest rate shock and stress scenarios, and ΔNII is calculated by applying parallel shock up and parallel shock down scenarios. Results as of December 31, 2021 and 2022 are as follows: December 31, 2021 December 31, 2022 Δ EVE Δ NII Δ EVE Δ NII (In millions of Korean won) Scenario 1 (Parallel shock up) ₩ 936,965 ₩ 564,771 ₩ 165,634 ₩ 162,959 Scenario 2 (Parallel shock down) — — 290,330 — Scenario 3 (Short rates down, long rates up) 273,951 266,737 Scenario 4 (Short rates up, long rates down) 311,497 268,261 Scenario 5 (Short rates shock up) 568,246 288,737 Scenario 6 (Short rates shock down) 345,987 132,998 Maximum out of six scenarios 936,965 564,771 290,330 162,959 Basic capital 30,491,173 31,176,032 |
Summary of Interest Rate Value at Risk | (b) Non-bank ΔEVE is maximum out of six interest rate shock and stress scenarios, and ΔNII is maximum of parallel shock up and parallel shock down scenarios. Results as of December 31, 2021 and 2022 are as follows: December 31, 2021 December 31, 2022 Δ EVE Δ NII Δ EVE Δ NII (In millions of Korean won) KB Securities Co., Ltd. ₩ 173,199 ₩ 272,676 ₩ 37,498 ₩ 242,200 KB Insurance Co., Ltd. 939,720 37,119 182,310 44,405 KB Kookmin Card Co., Ltd. 93,232 225,581 96,282 244,602 KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 611,930 24,135 354,982 24,609 KB Capital Co., Ltd. 105,728 41,112 126,535 50,800 KB Life Insurance Co., Ltd. 143,393 33,942 73,277 35,645 KB Savings Bank Co., Ltd. 20,077 786 5,320 14,976 |
Summary of Financial Instruments Foreign Currencies | Details of financial instruments denominated in foreign currencies and translated into Korean won as of December 31, 2021 and 2022, are as follows: December 31, 2021 USD JPY EUR GBP CNY Others Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 6,995,653 ₩ 420,964 ₩ 482,144 ₩ 96,951 ₩ 570,186 ₩ 1,646,253 ₩ 10,212,151 Financial assets at fair value through profit or loss 7,217,843 12,047 514,047 11,024 16,113 261,029 8,032,103 Derivatives held for trading 222,759 221 44,384 534 5,549 21,762 295,209 Derivatives held for hedging 104,091 — — — — 4,541 108,632 Loans measured at amortized cost 26,605,737 597,413 1,777,967 234,612 1,774,589 6,518,650 37,508,968 Financial assets at fair value through other comprehensive income 6,604,010 5,152 121,573 6,272 536,747 405,391 7,679,145 Financial assets at amortized cost 2,267,233 — 300,856 — 48,435 710,950 3,327,474 Other financial assets 1,893,691 37,036 100,041 7,082 69,307 252,337 2,359,494 ₩ 51,911,017 ₩ 1,072,833 ₩ 3,341,012 ₩ 356,475 ₩ 3,020,926 ₩ 9,820,913 ₩ 69,523,176 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 1,496,712 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 1,496,712 Derivatives held for trading 376,230 6,099 61,941 19,833 18,223 117,217 599,543 Derivatives held for hedging 42,470 — — — — — 42,470 Deposits 21,324,104 900,044 1,873,026 106,456 1,943,015 5,402,000 31,548,645 Borrowings 15,597,440 456,029 386,023 496,084 — 2,176,532 19,112,108 Debentures 6,366,475 — 1,338,391 — 102,443 708,353 8,515,662 Other financial liabilities 1,834,429 23,158 140,779 16,543 93,933 211,516 2,320,358 ₩ 47,037,860 ₩ 1,385,330 ₩ 3,800,160 ₩ 638,916 ₩ 2,157,614 ₩ 8,615,618 ₩ 63,635,498 Off-balance ₩ 19,149,581 ₩ 353 ₩ 262,116 ₩ 2,991 ₩ 250,239 ₩ 844,384 ₩ 20,509,664 December 31, 2022 USD JPY EUR GBP CNY Others Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 6,334,501 ₩ 461,826 ₩ 456,888 ₩ 97,502 ₩ 645,271 ₩ 2,324,691 ₩ 10,320,679 Financial assets at fair value through profit or loss 6,098,956 2,443 601,726 59,263 7,110 330,779 7,100,277 Derivatives held for trading 636,456 159 10,412 10 19,053 167,796 833,886 Derivatives held for hedging 251,522 — — — — 22,522 274,044 Loans measured at amortized cost 32,995,825 683,705 2,813,855 755,912 1,944,500 6,596,283 45,790,080 Financial assets at fair value through other comprehensive income 5,326,003 — 9,091 5,677 556,052 972,787 6,869,610 Financial assets at amortized cost 5,841,305 — 322,755 37,816 60,013 1,316,707 7,578,596 Other financial assets 1,878,542 292,727 360,469 25,289 116,049 368,272 3,041,348 ₩ 59,363,110 ₩ 1,440,860 ₩ 4,575,196 ₩ 981,469 ₩ 3,348,048 ₩ 12,099,837 ₩ 81,808,520 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 1,143,413 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 1,143,413 Derivatives held for trading 893,781 9,016 81,119 17,072 6,868 264,833 1,272,689 Derivatives held for hedging 130,784 — — — — — 130,784 Deposits 25,706,364 1,339,119 1,429,567 344,824 2,307,068 5,238,485 36,365,427 Borrowings 19,700,039 458,856 446,968 588,324 266,727 2,442,313 23,903,227 Debentures 7,771,068 — 2,041,517 — 36,288 975,891 10,824,764 Other financial liabilities 3,615,838 266,569 190,103 14,521 126,752 435,606 4,649,389 ₩ 58,961,287 ₩ 2,073,560 ₩ 4,189,274 ₩ 964,741 ₩ 2,743,703 ₩ 9,357,128 ₩ 78,289,693 Off-balance ₩ 23,777,728 ₩ — ₩ 243,431 ₩ 102,232 ₩ 220,890 ₩ 774,154 ₩ 25,118,435 |
Summary of Objectives Policies and Processes for Managing Capital | The Group complies with the capital adequacy standard established by the financial supervisory authority. This capital adequacy standard is based on Basel III revised by Basel Committee on Banking Supervision in Bank for International Settlements (“BIS”) in June 2011 and was implemented in Korea in December 2013. According to this standard, the Group is required to maintain a minimum capital adequacy ratio to risk-weighted assets (Common Equity Tier 1 Capital ratio of 8.0%, Tier 1 Capital ratio of 9.5%, and Total Capital ratio of 11.5%) as of December 31, 2022. The Group’s capital is classified into three categories in accordance with the Detailed Regulations on Supervision of Financial Holding Companies as follows: • Common Equity Tier 1 Capital: Common equity Tier 1 Capital is the first to take losses of the Group and is the last to be compensated in liquidation of the Group and not repaid except for liquidation. It includes capital, capital surplus, retained earnings, non-controlling • Additional Tier 1 Capital: Additional Tier 1 Capital includes capital, capital surplus, etc. related to the issuance of capital securities of a permanent nature that meets the conditional capital securities requirements. • Tier 2 Capital: Tier 2 Capital means capital that can compensate for losses of the Group upon liquidation, including (a) the amount of subordinated bonds with maturity of not less than 5 years that meet the conditional capital securities requirements, and (b) the allowances for credit losses accumulated on the loans which are classified as normal or precautionary in accordance with Regulations on Supervision of Financial Holding Companies, and others. The risk-weighted assets are the magnitude of the amount of risk inherent in the total asset held by the Group. The Group calculates risk-weighted assets by each risk (credit risk, market risk, and operational risk) based on the Detailed Regulations on Supervision of Financial Holding Companies and uses them to calculate capital adequacy ratio. The Group evaluates and manages capital adequacy through separate internal policies. The evaluation of capital adequacy compares the size of available capital (the amount of capital actually available) to the size of internal capital (the amount of capital required to cover all the significant risks faced by the Group under its target credit rating), which monitors financial soundness and provides a risk-adjusted performance measurement basis. Internal capital refers to the capital required to prevent the insolvency from future unexpected losses. The Group operates a system to measure, allocate, and manage internal capital to major subsidiaries by risk type. The Risk Management Committee of the Group determines the risk appetite of the Group, allocates internal capital by risk type and major subsidiaries, and major subsidiaries operate capital efficiently within the range of the allocated internal capital. The Risk Management Department of the Group monitors internal capital limit management and reports it to management and the Risk Management Committee. If the limit of internal capital is expected to be exceeded due to new businesses or business expansion, the Group’s capital adequacy management is carried out through review and approval by the Risk Management Committee in advance. Details of the Group’s capital adequacy ratio in accordance with Basel III requirements as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Total Capital: ₩ 45,882,765 ₩ 48,969,952 Tier 1 Capital 42,305,442 45,032,020 Common Equity Tier 1 Capital 39,144,259 40,103,660 Additional Tier 1 Capital 3,161,183 4,928,360 Tier 2 Capital 3,577,323 3,937,932 Risk-Weighted Assets: 290,913,570 302,967,993 Total Capital ratio (%): 15.77 16.16 Tier 1 Capital ratio (%) 14.54 14.86 Common Equity Tier 1 Capital ratio (%) 13.46 13.24 |
Summary of Nature and Extent of Risks Arising from Financial Instruments | 4.2.1 Overview of credit risk Credit risk is the risk of loss from the portfolio of assets held due to the counterparty’s default, breach of contract, and deterioration of credit quality. For risk management purposes, the Group manages all factors of credit risk exposure, such as default risk of individual borrowers, country risk, and risk of specific sectors in an integrated way. 4.2.2 Credit risk management The Group measures the expected loss and internal capital for the assets subject to credit risk management, including on-balance off-balance In addition, to prevent excessive concentration of exposures by borrower and industry, the total exposure limit at the Group level is introduced, applied, and managed to control the credit concentration risk. All of the Kookmin Bank’s loan customers (individuals and corporates) are assigned a credit rating and managed by a comprehensive internal credit evaluation system. For individuals, the credit rating is evaluated by utilizing personal information, income and job information, asset information, and bank transaction information. For corporates, the credit rating is evaluated by analyzing and utilizing financial and non-financial The credit rating, once assigned, serves as the fundamental instrument in Kookmin Bank’s credit risk management, and is applied in a wide range of credit risk management processes, including credit approval, credit limit management, loan pricing, and assessment of allowances for credit losses. For corporates, Kookmin Bank conducts a regular credit evaluation at least once a year, and the review and supervision departments regularly validate the adequacy of credit ratings to manage credit risks. KB Kookmin Card Co., Ltd.’s credit scoring system is divided into Application Scoring System (“ASS”) and Behavior Scoring System (“BSS”). For applications that meet the eligibility criteria for card issuance, the card will be issued only if the ASS credit rating is above the standard. KB Kookmin Card Co., Ltd.’s internal information, external information from the credit bureau company and others, and personal information on the application are used to calculate the ASS credit rating. The BSS, which is recalculated on a weekly basis, predicts the delinquency probability of cardholders, and utilizes it to monitor cardholders and portfolio risk. 4.3.1 Overview of liquidity risk Liquidity risk is a risk that the Group becomes insolvent due to the mismatch between the inflow and outflow of funds, unexpected cash outflows, or a risk of loss due to financing funds at a high interest rate or disposing of securities at an unfavorable price due to lack of available funds. The Group manages its liquidity risk through analysis of the contractual maturity of interest-bearing assets and liabilities, assets and liabilities related to the other inflows and outflows of funds, and off-balance 4.3.2 Liquidity risk management and indicator The liquidity risk is managed by risk management policies and liquidity risk management guidelines set forth in these policies that apply to all risk management policies and procedures that may arise throughout the overall business of the Group. The Group calculates and manages liquidity ratio and others for all transactions and off-balance 4.4.1 Concept Market risk refers to risks that can result in losses due to changes in market factors such as interest rate, stock price, and foreign exchange rate, etc., which arise from securities, derivatives, and others. The most significant risks associated with trading positions are interest rate risk, currency risk, and additional risks include stock price risk. The non-trading non-trading 4.4.2 Risk management The Group sets and monitors internal capital limits for market risk and interest rate risk to manage the risks of trading and non-trading non-trading In the case of Kookmin Bank, a major subsidiary, the Risk Management Council establishes and enforces overall market risk management policies for market risk management and decides to establish position limits, loss limits, VaR limits, and approves non-standard Kookmin Bank’s Asset-Liability Management Committee (“ALCO”) determines interest rate and commission operating standards and Asset Liability Management (“ALM”) operation policies and enacts and revises relevant guidelines. The Risk Management Committee and the Risk Management Council monitor the establishment and enforcement of ALM risk management policies and enact and revise ALM risk management guidelines. Interest rate risk limits are set based on future asset and liability positions and expected interest rate volatility, which reflect annual business plans. The ALM Department and the Risk Management Department regularly measure and monitor interest rate risk and report the status and limit of interest rate risk including changes in Economic Value of Equity (“ΔEVE”), changes in Net Interest Income (“ΔNII”), and duration gap to the ALCO and the Risk Management Council on a monthly basis, and to the Risk Management Committee on a quarterly basis. To ensure the adequacy of interest rate risk and liquidity risk management, the Risk Management Department assigns the limits, monitors and reviews the procedures and tasks of ALM operations conducted by the ALM department, and reports related matters to the management independently. Kookmin Bank is closely monitoring the outputs of various industry groups and markets that manage the transition to the new interest rate benchmark, including announcements by LIBOR regulation authority and various consultative bodies related to the transition to alternative interest rate. In response to these announcements, Kookmin Bank has completed most of the transition and replacement plans according to LIBOR transition programs and plans consisting of major business areas such as finance, accounting, tax, legal, IT, and risk. The program is under the control of the CFO and related matters are reported to the board of directors and consultative bodies with senior management as members. Kookmin Bank continues its efforts as a market participant to actively express opinions so that the index interest rate benchmark reform can be carried out in the direction of minimizing the financial and non-financial 4.4.3.1 Definition of a trading position The trading position, which is subject to market risk management, is the trading position defined in “Trading Policy and Guidelines” and the basic requirements for the trading position are as follows: • The target position has no restrictions on the sale, and the daily fair value assessment should be made, and the embedded significant risk can be hedged in the market. • The trading position classification criteria should be clearly defined in the Trading Policy and Guidelines, and the trading position should be managed by a separate trading department. • The target position must be operated according to the documented trading strategy and the management of position limit must be carried out. • The specialized dealer or operating department shall have the authority to execute the transaction without prior approval from the Risk Management Department, etc. within the predetermined limits of the target position. • The target positions should be periodically reported to management for risk management of the Group. 4.4.3.4 Details of risk factors (a) Interest rate risk Interest rate risk for trading positions usually arises from debt securities denominated in Korean won. The Group’s trading strategy is to gain short-term trading gains from interest rate fluctuations. The Group manages interest rate risk associated with trading accounts using VaR and sensitivity analysis (Price Value of a Basis Point: PVBP). (b) Stock price risk Stock price risk occurs mainly in trading stocks denominated in Korean won. The portfolio of trading stocks denominated in Korean won consists of stocks listed on the exchange and derivatives linked to stocks and is managed by strict distributed investment limits. (c) Currency risk Currency risk arises from holding assets and liabilities which are denominated in foreign currency, and currency-related derivatives. Most of the net foreign currency exposures occur in the US dollars and the Chinese Yuan. The Group also manages net foreign exchange exposures across trading and non-trading 4.5.1 Concept Operational risk of the Group refers to the risk of loss that may occur due to improper or incorrect internal procedures, personnel, systems or external events. Operational risk management plays a role in enhancing the stability and soundness of financial institutions by managing the appropriate level of capital and supplementing the internal control system. 4.5.2 Risk management The purpose of operational risk management is not only to comply with supervisory and regulatory requirements, but also to spread risk management culture, strengthen internal control, improve processes, and provide timely feedback to management and all employees. The Parent Company manages the Group’s overall operational risk, and each subsidiary establishes and implements operational risk management policies according to its own risk level and implements and operates related systems. The Group Risk Management Committee establishes and allocates risk capital of operational risk for each subsidiary, and subsidiaries manage operational risks at an appropriate level within the allocated risk capital. In order to establish a credit risk management system, the Group manages credit risk by forming a separate risk management organization. In particular, independently of the Sales Group, the Credit Management & Analysis Group of Kookmin Bank, a subsidiary, is in charge of loan policy, loan system, credit rating, credit analysis, follow-up |
Disclosure of Classification of time buckets of cash flows [ Table Text Block] | (Classification of time buckets of cash flows (19 buckets in total)) Time bucket intervals (D:Day M:Months Y:Years t cf Short-term rates 1D (0.0028Y) 1D< t cf ≤1M (0.0417Y) 1M< t cf ≤3M (0.1667Y) 3M< t cf ≤6M (0.375Y) 6M< t cf ≤9M (0.625Y) 9M< t cf ≤1Y (0.875Y) 1Y< t cf ≤1.5Y (1.25Y) 1.5Y< t cf ≤2Y (1.75Y) Medium-term rates 2Y< t cf ≤3Y (2.5Y) 3Y< t cf ≤4Y (3.5Y) 4Y< t cf ≤5Y (4.5Y) 5Y< t cf ≤6Y (5.5Y) 6Y< t cf ≤7Y (6.5Y) Long-term rates 7Y< t cf ≤8Y (7.5Y) 8Y< t cf ≤9Y (8.5Y) 9Y< t cf ≤10Y (9.5Y) 10Y< t cf ≤15Y (12.5Y) 15Y< t cf ≤20Y (17.5Y) t cf (25Y) * The number in brackets is the time bucket’s midpoint. |
Disclosure of core deposit and average maturity by category fornonmaturitydeposits [Table Text Block] | (Caps on core deposit and average maturity by category for non-maturity Cap on proportion of core deposits (%) Cap on average maturity of core deposits (years) Retail/transactional 90 5 Retail/non-transactional 70 4.5 Wholesale 50 4 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Summary of Operating Segments | Financial information by business segment as of and for the years ended December 31, 2021 and 2022, are as follows: 2021 Banking business Corporate Retail Other Sub-total Securities Non-life insurance Credit card Life insurance Others Consolidation Total (In millions of Korean won) Net operating revenues (expenses) from external customers ₩ 3,589,404 ₩ 2,958,198 ₩ 1,585,192 ₩ 8,132,794 ₩ 1,675,977 ₩ 1,285,593 ₩ 1,773,989 ₩ 631,065 ₩ 984,185 ₩ — ₩ 14,483,603 Intersegment net operating revenues (expenses) 34,771 — 271,887 306,658 11,002 (53,017 ) (158,545 ) (7,273 ) 98,215 (197,040 ) — 3,624,175 2,958,198 1,857,079 8,439,452 1,686,979 1,232,576 1,615,444 623,792 1,082,400 (197,040 ) 14,483,603 Net interest income 3,802,477 3,541,539 384,460 7,728,476 556,386 625,228 1,390,753 519,609 411,874 (2,754 ) 11,229,572 Interest income 5,317,800 4,437,930 918,631 10,674,361 824,775 634,816 1,768,215 523,882 816,515 (31,686 ) 15,210,878 Interest expense (1,515,323 ) (896,391 ) (534,171 ) (2,945,885 ) (268,389 ) (9,588 ) (377,462 ) (4,273 ) (404,641 ) 28,932 (3,981,306 ) Net fee and commission income (expenses) 390,619 392,060 405,202 1,187,881 1,014,801 (173,348 ) 546,022 (26,895 ) 1,068,648 8,474 3,625,583 Fee and commission income 534,749 535,530 516,665 1,586,944 1,201,670 10,418 1,644,806 433 1,187,661 (308,326 ) 5,323,606 Fee and commission expense (144,130 ) (143,470 ) (111,463 ) (399,063 ) (186,869 ) (183,766 ) (1,098,784 ) (27,328 ) (119,013 ) 316,800 (1,698,023 ) Net insurance income — — — — — 493,271 11,589 56,871 — (5,020 ) 556,711 Insurance income — — — — — 12,722,178 21,711 3,406,145 — (42,176 ) 16,107,858 Insurance expense — — — — — (12,228,907 ) (10,122 ) (3,349,274 ) — 37,156 (15,551,147 ) Net gains (losess) on financial instruments at fair value through profit or loss 29,407 — 313,427 342,834 123,183 369,864 3,431 137,343 184,467 (165,818 ) 995,304 Net other operating income (expenses) (598,328 ) (975,401 ) 753,990 (819,739 ) (7,391 ) (82,439 ) (336,351 ) (63,136 ) (582,589 ) (31,922 ) (1,923,567 ) General and administrative expenses ₩ (1,831,948 ) ₩ (2,036,855 ) ₩ (533,928 ) ₩ (4,402,731 ) ₩ (855,142 ) ₩ (833,597 ) ₩ (577,734 ) ₩ (203,198 ) ₩ (438,170 ) ₩ 109,719 ₩ (7,200,853 ) Operating income (expenses) before provision for credit losses 1,792,227 921,343 1,323,151 4,036,721 831,837 398,979 1,037,710 420,594 644,230 (87,321 ) 7,282,750 Reversal (provision) of credit losses (392,956 ) (125,876 ) (3,896 ) (522,728 ) (18,438 ) (5,476 ) (465,342 ) 1,677 (175,568 ) 742 (1,185,133 ) Net operating income (expenses) 1,399,271 795,467 1,319,255 3,513,993 813,399 393,503 572,368 422,271 468,662 (86,579 ) 6,097,617 Share of profit (loss) of associates and joint ventures — — 57,156 57,156 14,484 (143 ) 785 — 9,411 11,833 93,526 Net other non-operating (9,237 ) — (70,368 ) (79,605 ) (18,307 ) 17,446 (7,378 ) (158 ) 2,408 (23,943 ) (109,537 ) Segment profit (loss) before income tax expense 1,390,034 795,467 1,306,043 3,491,544 809,576 410,806 565,775 422,113 480,481 (98,689 ) 6,081,606 Income tax benefit (expense) (368,577 ) (218,753 ) (366,185 ) (953,515 ) (215,424 ) (108,715 ) (144,611 ) (132,510 ) (148,044 ) 5,594 (1,697,225 ) Profit (loss) for the year ₩ 1,021,457 ₩ 576,714 ₩ 939,858 ₩ 2,538,029 ₩ 594,152 ₩ 302,091 ₩ 421,164 ₩ 289,603 ₩ 332,437 ₩ (93,095 ) ₩ 4,384,381 Profit (loss) attributable to shareholders of the Parent Company 1,022,699 576,714 991,351 2,590,764 594,301 301,836 418,898 289,603 330,563 (116,422 ) 4,409,543 Profit (loss) attributable to non-controlling (1,242 ) — (51,493 ) (52,735 ) (149 ) 255 2,266 — 1,874 23,327 (25,162 ) Total assets* 189,310,448 169,513,344 124,741,106 483,564,898 55,493,984 41,472,227 27,349,561 36,921,678 52,929,567 (33,836,081 ) 663,895,834 Total liabilities* 197,834,530 180,815,013 72,026,442 450,675,985 50,008,422 37,328,955 22,793,919 34,166,882 23,191,051 (2,563,300 ) 615,601,914 * Assets and liabilities of the reporting segments are amounts before intersegment transactions. 2022 Banking business Securities Non-life Credit card Life Others Consolidation Total Corporate Retail Other Sub-total (In millions of Korean won) Net operating revenues from external customers ₩ 4,981,702 ₩ 4,472,888 ₩ (188,422 ) ₩ 9,266,168 ₩ 1,126,925 ₩ 1,423,684 ₩ 1,781,135 ₩ 501,983 ₩ 912,750 ₩ — ₩ 15,012,645 Intersegment net operating revenues (expenses) 16,366 — 371,576 387,942 (38,909 ) (29,335 ) (150,464 ) (29,827 ) 205,463 (344,870 ) — 4,998,068 4,472,888 183,154 9,654,110 1,088,016 1,394,349 1,630,671 472,156 1,118,213 (344,870 ) 15,012,645 Net interest income 4,720,718 3,936,872 633,431 9,291,021 538,275 693,193 1,474,209 555,188 559,468 1,580 13,112,934 Interest income 7,831,383 5,763,852 1,763,466 15,358,701 1,156,586 717,558 1,983,828 566,271 1,064,529 (58,955 ) 20,788,518 Interest expense (3,110,665 ) (1,826,980 ) (1,130,035 ) (6,067,680 ) (618,311 ) (24,365 ) (509,619 ) (11,083 ) (505,061 ) 60,535 (7,675,584 ) Net fee and commission income (expenses) 385,884 261,350 449,374 1,096,608 784,748 (190,354 ) 519,501 (39,059 ) 1,145,309 4,879 3,321,632 Fee and commission 546,634 415,858 567,666 1,530,158 979,215 17,889 1,617,446 508 1,301,765 (325,461 ) 5,121,520 Fee and commission (160,750 ) (154,508 ) (118,292 ) (433,550 ) (194,467 ) (208,243 ) (1,097,945 ) (39,567 ) (156,456 ) 330,340 (1,799,888 ) Net insurance income — — — — — 655,452 10,593 39,160 — (8,692 ) 696,513 Insurance income — — — — — 13,424,848 19,702 3,736,166 — (43,874 ) 17,136,842 Insurance expense — — — — — (12,769,396 ) (9,109 ) (3,697,006 ) — 35,182 (16,440,329 ) Net gains on financial 73,680 — 136,901 210,581 (210,589 ) 339,698 1,724 66,865 21,844 (182,766 ) 247,357 Net other operating income (expenses) (182,214 ) 274,666 (1,036,552 ) (944,100 ) (24,418 ) (103,640 ) (375,356 ) (149,998 ) (608,408 ) (159,871 ) (2,365,791 ) General and administrative expenses ₩ (1,972,147 ) ₩ (2,092,770 ) ₩ (633,034 ) ₩ (4,697,951 ) ₩ (822,409 ) ₩ (849,452 ) ₩ (597,158 ) ₩ (224,968 ) ₩ (466,510 ) ₩ 120,646 ₩ (7,537,802 ) Operating income before provision for credit losses 3,025,921 2,380,118 (449,880 ) 4,956,159 265,607 544,897 1,033,513 247,188 651,703 (224,224 ) 7,474,843 Reversal (provision) of credit losses (778,260 ) (281,868 ) (61,042 ) (1,121,170 ) (28,425 ) (6,066 ) (500,453 ) 1,264 (178,172 ) (2,966 ) (1,835,988 ) Net operating income 2,247,661 2,098,250 (510,922 ) 3,834,989 237,182 538,831 533,060 248,452 473,531 (227,190 ) 5,638,855 Share of profit (loss) of associates and joint ventures — — 12,666 12,666 3,039 1,104 1,583 — (7,966 ) (39,184 ) (28,758 ) Net other non-operating (13,317 ) — (24,548 ) (37,865 ) 12,994 190,263 (7,197 ) (379 ) (4,717 ) 32,430 185,529 Segment profit before income tax expense 2,234,344 2,098,250 (522,804 ) 3,809,790 253,215 730,198 527,446 248,073 460,848 (233,944 ) 5,795,626 Income tax expense (732,211 ) (522,478 ) 173,206 (1,081,483 ) (64,300 ) (172,169 ) (144,443 ) (61,810 ) (113,458 ) 15,276 (1,622,387 ) Profit for the year ₩ 1,502,133 ₩ 1,575,772 ₩ (349,598 ) ₩ 2,728,307 ₩ 188,915 ₩ 558,029 ₩ 383,003 ₩ 186,263 ₩ 347,390 ₩ (218,668 ) ₩ 4,173,239 Profit attributable to shareholders of the Parent Company 1,505,240 1,575,772 (84,997 ) 2,996,015 187,784 557,680 378,592 186,263 343,859 (255,363 ) 4,394,830 Profit (loss) attributable to non-controlling (3,107 ) — (264,601 ) (267,708 ) 1,131 349 4,411 — 3,531 36,695 (221,591 ) Total assets* 211,989,036 165,273,848 140,506,628 517,769,512 53,824,245 42,736,747 29,721,017 34,846,987 60,219,661 (37,947,321 ) 701,170,848 Total liabilities* 205,382,625 191,786,626 86,877,002 484,046,253 47,946,933 39,397,168 24,998,214 33,097,892 25,973,896 (3,932,422 ) 651,527,934 * Assets and liabilities of the reporting segments are amounts before intersegment transactions. |
Summary of Products and Services | Net operating revenues from external customers by service for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Banking service ₩ 7,550,348 ₩ 8,132,794 ₩ 9,266,168 Securities service 1,448,409 1,675,977 1,126,925 Non-life 1,027,269 1,285,593 1,423,684 Credit card service 1,538,230 1,773,989 1,781,135 Life insurance service 237,416 631,065 501,983 Others 690,970 984,185 912,750 ₩ 12,492,642 ₩ 14,483,603 ₩ 15,012,645 |
Summary of Geographical Areas | Geographical net operating revenues from external customers for the years ended December 31, 2020 , 2021 and 2022, and major non-current Net operating revenues from external customers Major non-current 2020 2021 2022 December 31, 2021 December 31, 2022 (In millions of Korean won) Domestic ₩ 11,891,540 ₩ 13,525,769 ₩ 13,778,598 ₩ 9,853,970 ₩ 9,699,637 United States 114,044 112,388 112,743 45,530 53,214 New Zealand 3,554 12,857 12,378 1,932 1,382 China 84,821 127,939 172,547 21,416 19,715 Cambodia 250,426 410,482 546,258 35,668 46,060 United Kingdom 28,681 29,764 31,685 86,361 5,808 Indonesia 44,392 166,683 234,878 437,088 422,024 Others 75,184 97,721 123,558 20,446 536,794 Consolidation — — — 518,788 555,572 ₩ 12,492,642 ₩ 14,483,603 ₩ 15,012,645 ₩ 11,021,199 ₩ 11,340,206 |
Financial Assets and Financia_2
Financial Assets and Financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Summary of Fair Value Measurement | 6.1.1 Carrying amount and fair value of financial assets and liabilities by category as of December 31, 2021 and 2022, are as follows: December 31, 2021 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 31,009,374 ₩ 31,081,231 Financial assets at fair value through profit or loss: 66,005,815 66,005,815 Due from financial institutions 200,742 200,742 Debt securities 63,002,692 63,002,692 Equity securities 2,419,463 2,419,463 Loans 269,296 269,296 Others 113,622 113,622 Derivatives held for trading 3,532,542 3,532,542 Derivatives held for hedging 188,828 188,828 Loans measured at amortized cost 417,900,273 417,775,260 Securities measured at amortized cost 44,471,628 44,392,419 Financial assets at fair value through other comprehensive income: 60,376,243 60,376,243 Debt securities 56,259,511 56,259,511 Equity securities 3,803,128 3,803,128 Loans 313,604 313,604 Other financial assets 10,755,350 10,755,350 ₩ 634,240,053 ₩ 634,107,688 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,939,584 ₩ 2,939,584 Financial liabilities designated at fair value through profit or loss 9,149,396 9,149,396 Derivatives held for trading 3,509,789 3,509,789 Derivatives held for hedging 172,469 172,469 Deposits 372,023,918 371,936,631 Borrowings 56,912,374 56,805,938 Debentures 67,430,188 67,288,409 Other financial liabilities 29,494,402 29,494,402 ₩ 541,632,120 ₩ 541,296,618 December 31, 2022 Carrying amount Fair value (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 32,063,421 ₩ 31,992,401 Financial assets at fair value through profit or loss: 64,935,344 64,935,344 Due from financial institutions 69,469 69,469 Debt securities 61,787,727 61,787,727 Equity securities 2,494,580 2,494,580 Loans 493,562 493,562 Others 90,006 90,006 Derivatives held for trading 8,984,171 8,984,171 Derivatives held for hedging 461,963 461,963 Loans measured at amortized cost 436,530,502 433,885,302 Securities measured at amortized cost 58,288,734 54,291,992 Financial assets at fair value through other comprehensive income: 58,299,841 58,299,841 Debt securities 55,610,319 55,610,319 Equity securities 2,326,378 2,326,378 Loans 363,144 363,144 Other financial assets 11,209,350 11,209,350 ₩ 670,773,326 ₩ 664,060,364 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,193,210 ₩ 2,193,210 Financial liabilities designated at fair value through profit or loss 10,078,394 10,078,394 Derivatives held for trading 9,209,537 9,209,537 Derivatives held for hedging 297,172 297,172 Deposits 388,888,452 388,417,827 Borrowings 71,717,366 71,187,130 Debentures 68,698,203 66,432,790 Other financial liabilities 26,705,247 26,705,247 ₩ 577,787,581 ₩ 574,521,307 Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The Group discloses the fair value of each class of assets and liabilities in a way that permits it to be compared with its carrying amount at the end of each reporting period. The best evidence of fair value of financial instruments is a quoted price in an active market. Cash and due from financial institutions Fair value of cash is same as carrying amount. Carrying amount of demand deposit and settlement deposit is a reasonable approximation of fair value because these financial instruments do not have a fixed maturity and are receivable on demand. Fair value of general deposit is measured using Discounted Cash Flow (“DCF”) Model. Securities Fair value of securities and others that are traded in an active market is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institutions. The institutions use one or more valuation techniques that are deemed appropriate considering the characteristics of the financial instruments among DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method. Loans measured at amortized cost Fair value of loans is determined using DCF Model discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Derivatives and financial instruments at fair value through profit or loss Fair value of exchange traded derivatives is determined using quoted price in an active market, and fair value of OTC derivatives is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair value of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including Finite Difference Method (“FDM”), MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form, and Tree Model or valuation results from independent external professional valuation institutions. Deposits Carrying amount of demand deposits is a reasonable approximation of fair value because they do not have a fixed maturity and are payable on demand. Fair value of time deposits is determined using DCF Model discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. Borrowings Carrying amount of overdrafts in foreign currency is a reasonable approximation of fair value because they do not have a fixed maturity and are payable on demand. Fair value of other borrowings is determined using DCF Model. Debentures Fair value is determined using valuation results of external professional valuation institutions, which are calculated using market inputs. Other financial assets and other financial liabilities Carrying amount is a reasonable approximation of fair value because other financial assets and other financial liabilities are temporary accounts used for other various transactions and their maturities are relatively short or not defined. December 31, 2021 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 13,108,985 ₩ 40,205,783 ₩ 12,691,047 ₩ 66,005,815 Due from financial institutions — 128,726 72,016 200,742 Debt securities 12,146,181 39,300,923 11,555,588 63,002,692 Equity securities 849,182 600,768 969,513 2,419,463 Loans — 175,366 93,930 269,296 Others 113,622 — — 113,622 Derivatives held for trading 81,408 3,241,129 210,005 3,532,542 Derivatives held for hedging — 188,828 — 188,828 Financial assets at fair value through other comprehensive income: 20,027,158 38,900,548 1,448,537 60,376,243 Debt securities 17,706,456 38,553,055 — 56,259,511 Equity securities 2,320,702 47,859 1,434,567 3,803,128 Loans — 299,634 13,970 313,604 ₩ 33,217,551 ₩ 82,536,288 ₩ 14,349,589 ₩ 130,103,428 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,939,584 ₩ — ₩ — ₩ 2,939,584 Financial liabilities designated at fair value through profit or loss 36,938 1,294,944 7,817,514 9,149,396 Derivatives held for trading 211,132 3,124,057 174,600 3,509,789 Derivatives held for hedging — 172,469 — 172,469 ₩ 3,187,654 ₩ 4,591,470 ₩ 7,992,114 ₩ 15,771,238 December 31, 2022 Fair value hierarchy Total Level 1 Level 2 Level 3* (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 15,494,273 ₩ 33,958,689 ₩ 15,482,382 ₩ 64,935,344 Due from financial institutions — 24,444 45,025 69,469 Debt securities 14,550,359 33,175,465 14,061,903 61,787,727 Equity securities 853,908 414,291 1,226,381 2,494,580 Loans — 344,489 149,073 493,562 Others 90,006 — — 90,006 Derivatives held for trading 182,019 8,678,896 123,256 8,984,171 Derivatives held for hedging — 461,963 — 461,963 Financial assets at fair value through other comprehensive income: 19,540,964 37,281,814 1,477,063 58,299,841 Debt securities 18,928,038 36,682,281 — 55,610,319 Equity securities 612,926 236,389 1,477,063 2,326,378 Loans — 363,144 — 363,144 ₩ 35,217,256 ₩ 80,381,362 ₩ 17,082,701 ₩ 132,681,319 Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,193,210 ₩ — ₩ — ₩ 2,193,210 Financial liabilities designated at fair value through profit or loss 35,687 1,811,404 8,231,303 10,078,394 Derivatives held for trading 442,042 7,984,424 783,071 9,209,537 Derivatives held for hedging — 297,172 — 297,172 ₩ 2,670,939 ₩ 10,093,000 ₩ 9,014,374 ₩ 21,778,313 * Includes KB Securities Co., Ltd.’s OTC derivatives consisting of ₩ 404,334 million of financial assets at fair value through profit or loss (debt instruments), ₩ 8,241,509 million of financial liabilities designated at fair value through profit or loss, ₩ 120,775 million of derivative financial assets, and ₩ 777,542 million of derivative financial liabilities. Valuation techniques and inputs of financial assets and liabilities classified as Level 2 and measured at fair value in the consolidated statements of financial position as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 40,205,783 Due from financial institutions 128,726 DCF Model, Hull and White Model Projected cash flow, Discount rate, Volatility, Correlation coefficient Debt securities 39,300,923 DCF Model, Hull and White Model, Projected cash flow, Fair value of underlying asset, Equity securities 600,768 DCF Model Interest rate, Discount rate, and others Loans 175,366 DCF Model Interest rate, Discount rate, and others Derivatives held for trading 3,241,129 DCF Model, Closed Form, FDM, Interest rate, Price of underlying asset, Foreign exchange Derivatives held for hedging 188,828 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, and others Financial assets at fair value through other comprehensive income: 38,900,548 Debt securities 38,553,055 DCF Model, Market Value Approach, Option Model Underlying asset index, Interest rate, Discount rate, and others Equity securities 47,859 DCF Model Discount rate Loans 299,634 DCF Model Discount rate ₩ 82,536,288 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 1,294,944 DCF Model, Closed Form, FDM, Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate Derivatives held for trading 3,124,057 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Binomial Model, and others Interest rate, Price of underlying asset, Foreign exchange rate, Credit spread, Discount rate, Volatility, and others Derivatives held for hedging 172,469 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, and others ₩ 4,591,470 December 31, 2022 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: ₩ 33,958,689 Due from financial institutions 24,444 DCF Model, Hull-white Model Projected cash flow, Discount rate, Volatility, Correlation coefficient Debt securities 33,175,465 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, Binomial Model, and others Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient, and others Equity securities 414,291 DCF Model Interest rate, Discount rate, and others Loans 344,489 DCF Model Interest rate, Discount rate, and others Derivatives held for trading 8,678,896 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, Option Model, and others Price of underlying asset, Underlying asset index, Interest rate, Dividend yield, Volatility, Foreign exchange rate, Discount rate, and others Derivatives held for hedging 461,963 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, CRS interest rate, and others Financial assets at fair value through other comprehensive income: 37,281,814 Debt securities 36,682,281 DCF Model, Option Model Underlying asset index, Discount rate, and others Equity securities 236,389 DCF Model Discount rate Loans 363,144 DCF Model Discount rate ₩ 80,381,362 Financial liabilities Financial liabilities designated at fair value through profit or loss ₩ 1,811,404 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, Net Asset Value Method Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate, Foreign exchange rate Derivatives held for trading 7,984,424 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, and others Interest rate, Price of underlying asset, Foreign exchange rate, Credit spread, Discount rate, Volatility, and others Derivatives held for hedging 297,172 DCF Model, Closed Form, FDM Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, Risk free interest rate, and others ₩ 10,093,000 6.1.2.2 Fair value hierarchy of financial assets and liabilities whose fair value is disclosed Fair value hierarchy of financial assets and liabilities whose fair value is disclosed as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 3,330,920 ₩ 25,791,556 ₩ 1,958,755 ₩ 31,081,231 Loans measured at amortized cost — 260,101 417,515,159 417,775,260 Securities measured at amortized cost 2 18,263,895 26,125,391 3,133 44,392,419 Other financial assets 2 — — 10,755,350 10,755,350 ₩ 21,594,815 ₩ 52,177,048 ₩ 430,232,397 ₩ 504,004,260 Financial liabilities Deposits 1 ₩ — ₩ 204,299,174 ₩ 167,637,457 ₩ 371,936,631 Borrowings 3 — 3,137,427 53,668,511 56,805,938 Debentures — 60,824,743 6,463,666 67,288,409 Other financial liabilities 2 — — 29,494,402 29,494,402 ₩ — ₩ 268,261,344 ₩ 257,264,036 ₩ 525,525,380 December 31, 2022 Fair value hierarchy Total Level 1 Level 2 Level 3 (In millions of Korean won) Financial assets Cash and due from financial institutions 1 ₩ 2,517,470 ₩ 26,734,157 ₩ 2,740,774 ₩ 31,992,401 Loans measured at amortized cost — 190,458 433,694,844 433,885,302 Securities measured at amortized cost 2 20,626,701 33,646,001 19,290 54,291,992 Other financial assets 2 — — 11,209,350 11,209,350 ₩ 23,144,171 ₩ 60,570,616 ₩ 447,664,258 ₩ 531,379,045 Financial liabilities Deposits 1 ₩ — ₩ 168,864,349 ₩ 219,553,478 ₩ 388,417,827 Borrowings 3 — 6,088,123 65,099,007 71,187,130 Debentures — 58,668,855 7,763,935 66,432,790 Other financial liabilities 2 — — 26,705,247 26,705,247 ₩ — ₩ 233,621,327 ₩ 319,121,667 ₩ 552,742,994 1 The amounts included in Level 2 are the carrying amounts which are reasonable approximations of fair value. 2 The amounts included in Level 3 are the carrying amounts which are reasonable approximations of fair value. 3 Borrowings of ₩ 2,143 million and ₩ 18,266 million included in Level 2 are the carrying amounts which are reasonable approximations of fair value as of December 31, 2021 and 2022, respectively. Valuation techniques and inputs of financial assets and liabilities classified as Level 2, and whose fair value is disclosed as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 260,101 DCF Model Discount rate Securities measured at amortized cost 26,125,391 DCF Model, MonteCarlo Discount rate, ₩ 26,385,492 Financial liabilities Borrowings ₩ 3,135,284 DCF Model Discount rate Debentures 60,824,743 DCF Model Discount rate ₩ 63,960,027 December 31, 2022 Fair value Valuation techniques Inputs (In millions of Korean won) Financial assets Loans measured at amortized cost ₩ 190,458 DCF Model Discount rate Securities measured at amortized cost 33,646,001 DCF Model, MonteCarlo Discount rate, ₩ 33,836,459 Financial liabilities Borrowings ₩ 6,069,857 DCF Model Discount rate Debentures 58,668,855 DCF Model Discount rate ₩ 64,738,712 Valuation techniques and inputs of financial assets and liabilities classified as Level 3, and whose fair value is disclosed as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value Valuation Inputs (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 1,958,755 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 417,515,159 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate ₩ 419,473,914 Financial liabilities Deposits ₩ 167,637,457 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 53,668,511 DCF Model Other spread, Interest rate Debentures 6,463,666 DCF Model Other spread, Interest rate ₩ 227,769,634 December 31, 2022 Fair value Valuation Inputs (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ 2,740,774 DCF Model Credit spread, Other spread, Interest rate Loans measured at amortized cost 433,694,844 DCF Model Credit spread, Other spread, Prepayment rate, Interest rate ₩ 436,435,618 Financial liabilities Deposits ₩ 219,553,478 DCF Model Other spread, Prepayment rate, Interest rate Borrowings 65,099,007 DCF Model Other spread, Interest rate Debentures 7,763,935 DCF Model Other spread, Interest rate ₩ 292,416,420 |
Summary of Fair Value Hierarchy Group Classifies and Discloses Fair Value of Financial Instruments | The Group believes that valuation techniques used for measuring the fair value of financial instruments are reasonable and that the fair value recognized in the consolidated statement of financial position is appropriate. However, the fair value of the financial instruments recognized in the consolidated statement of financial position may be different if other valuation techniques or assumptions are used. Additionally, as there are a variety of valuation techniques and assumptions used in measuring fair value, it may be difficult to reasonably compare the fair value with that of other financial institutions. The Group classifies and discloses fair value of the financial instruments into the three fair value levels as follows: Level 1: The fair values are based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. Level 2: The fair values are based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3: The fair values are based on unobservable inputs for the asset or liability. The fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. If an observable input requires an adjustment using an unobservable input and that adjustment results in a significantly higher or lower fair value measurement, the resulting measurement would be categorized within Level 3 of the fair value hierarchy. |
Summary of Changes in Level 3 of the Fair Value Hierarchy | 6.2.2.1 Changes in financial instruments classified as Level 3 of the fair value hierarchy for the years ended December 31, 2021 and 2022, are as follows: 2021 Financial assets at fair value through profit or loss Financial investments Financial liabilities at Net derivative Due from financial Securities Loans measured at Equity securities Loans measured Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 90,083 ₩ 11,099,923 ₩ 38,756 ₩ 2,419,908 ₩ 27,983 ₩ (9,201,431 ) ₩ 300,420 Total gains or losses: Profit or loss 212 346,982 (431 ) — — 61,756 (66,116 ) Other comprehensive income (loss) 1,720 223,545 — (101,876 ) 87 (5,446 ) — Purchases — 3,567,937 55,605 74,602 — — 3,954 Sales (19,999 ) (2,360,801 ) — (5,618 ) (14,100 ) — (170,055 ) Issues — — — — — (8,233,128 ) (32,516 ) Settlements — — — — — 9,560,735 — Transfers into Level 3 * — 4,307 — — — — (282 ) Transfers out of Level 3 * — (356,792 ) — (952,449 ) — — — Ending ₩ 72,016 ₩ 12,525,101 ₩ 93,930 ₩ 1,434,567 ₩ 13,970 ₩ (7,817,514 ) ₩ 35,405 2022 Financial assets at fair value through profit or loss Financial investments Financial liabilities at Net derivative Due from financial Securities Loans measured at Equity securities Loans measured Financial liabilities Derivatives held for (In millions of Korean won) Beginning ₩ 72,016 ₩ 12,525,101 ₩ 93,930 ₩ 1,434,567 ₩ 13,970 ₩ (7,817,514 ) ₩ 35,405 Total gains or losses: Profit or loss (74 ) 129,390 20,306 — — 561,996 (663,229 ) Other comprehensive income (loss) (6,917 ) (304,847 ) — (3,004 ) 130 60,520 — Purchases — 4,409,579 45,485 46,041 — — 23,526 Sales (20,000 ) (1,368,002 ) (10,648 ) (541 ) (14,100 ) — (59,177 ) Issues — — — — — (5,222,820 ) (14,796 ) Settlements — (61,055 ) — — — 4,186,515 18,456 Transfers into Level 3 * — 27,120 — — — — — Transfers out of Level 3 * — (69,002 ) — — — — — Ending ₩ 45,025 ₩ 15,288,284 ₩ 149,073 ₩ 1,477,063 ₩ — ₩ (8,231,303 ) ₩ (659,815 ) * Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. |
Summary of Information about Fair Value Measurements Using Unobservable Inputs Assets | 6.2.3.1 Information about fair value measurements using unobservable inputs as of December 31, 2021 and 2022, are as follows: (In millions of Korean won) December 31, 2021 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial assets Financial assets at fair value through profit or loss: Due from financial institutions ₩ 72,016 MonteCarlo Simulation, Hull and White Model Volatility of underlying asset 14.30 ~ 39.66 The higher the volatility of underlying asset, the higher the fair value fluctuation Correlation coefficient -3.36 The higher the correlation coefficient, the higher the fair value fluctuation Debt securities 11,555,588 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Milestone Method, Income Approach, Market Value Approach, and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Volatility 13.87 ~ 58.39 The higher the volatility, the higher the fair value fluctuation Discount rate 0.60 ~ 21.37 The lower the discount rate, the higher the fair value Stock price 18.87 ~ 19.48 The higher the stock price, the higher the fair value Correlation coefficient between underlying assets -60.35 ~ 100.00 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value -1.00 ~ 1.00 The higher the liquidation value, the higher the fair value Recovery rate 40 The higher the recovery rate, the higher the fair value Rate of real estate price fluctuation -1.00 ~ 1.00 The higher the sale price of real estate, the higher the fair value Equity securities 969,513 Income Approach, Market Value Approach, Asset Value Approach, DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, Dividend Discount Model, Usage of Past Transactions, Binomial Model, and others Growth rate 0.50 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 8.80 ~ 24.60 The lower the discount rate, the higher the fair value Stock price 23.36 ~ 25.49 The higher the stock price, the higher the fair value Loans 93,930 DCF Model Discount rate 8.21 The lower the discount rate, the higher the fair value (In millions of Korean won) December 31, 2021 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Derivatives held for trading: Stock and index ₩ 184,165 DCF Model, Closed Form, Volatility of underlying asset 15.07 ~ 80.58 The higher the volatility, the higher the fair value fluctuation Correlation coefficient - 60.35 The higher the correlation coefficient, the higher the fair value fluctuation Stock price -10.00 ~ 10.00 The higher the stock price, the higher the fair value Currency, interest rate, and others 25,840 Volatility 2.67 ~ 81.32 Correlation coefficient -48.31 ~ 90.16 The higher the correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income: Equity securities 1,434,567 Risk Adjusted Discount Rate Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 8.80 ~ 18.02 The lower the discount rate, the higher the fair value Volatility 23.36 ~ 31.65 The higher the volatility, the higher the fair value fluctuation Loans 13,970 DCF Model Discount rate 2.87 ~ 4.87 The lower the discount rate, the higher the fair value ₩ 14,349,589 December 31, 2022 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial assets Financial assets at fair value through profit or loss: Due from financial institutions ₩ 45,025 Hull-white Model Interest rate 0.86 The lower the interest rate, the higher the fair value Debt securities 14,061,903 DCF Model, Closed Form, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Milestone Method, Income Approach, Market Value Approach, and others Growth rate 0.00 ~ 3.00 The higher the growth rate, the higher the fair value Volatility 0.24 ~ 37.39 The higher the volatility, the higher the fair value fluctuation Discount rate 1.54 ~ 15.75 The lower the discount rate, the higher the fair value Correlation coefficient between underlying assets -60.10 ~ 93.32 The higher the correlation coefficient, the higher the fair value fluctuation Liquidation value -1.00 ~ 1.00 The higher the liquidation value, the higher the fair value Recovery rate 40.00 The higher the recovery rate, the higher the fair value Rate of real estate price fluctuation -1.00 ~ 1.00 The higher the sale price of real estate, the higher the fair value Volatility of Stock price 18.87 ~ 19.48 The higher the volatility, the higher the fair value fluctuation Equity securities 1,226,381 Income Approach, Market Value Approach, Asset Value Approach, DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, Dividend Discount Model, Usage of Past Transactions, Binomial Model, and others Growth rate 0.00 ~ 4.00 The higher the growth rate, the higher the fair value Discount rate 8.00 ~ 23.00 The lower the discount rate, the higher the fair value Volatility 16.80 ~ 25.50 The higher the volatility, the higher the fair value fluctuation Loans 149,073 DCF Model Discount rate 9.91 The lower the discount rate, the higher the fair value December 31, 2022 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Derivatives held for trading: Stock and index ₩ 79,297 DCF Model, Closed Form, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Binomial Model, Net Asset Value Method Volatility of underlying asset 10.00 ~ 58.84 The higher the volatility, the higher the fair value fluctuation Correlation coefficient -60.10 ~ 79.72 The higher the correlation coefficient, the higher the fair value fluctuation Currency, interest rate, and others 43,959 DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form Volatility 9.77 ~ 32.92 The higher the volatility, the higher the fair value fluctuation Correlation coefficient 8.42 ~ 93.32 The higher the correlation coefficient, the higher the fair value fluctuation Financial assets at fair value through other comprehensive income: Equity securities 1,477,063 DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, IMV Model, Income Approach, Net Asset Value Method, Market Value Approach, and others Growth rate 0.00 ~ 2.00 The higher the growth rate, the higher the fair value Discount rate 7.96 ~ 19.14 The lower the discount rate, the higher the fair value Volatility of Stock price 23.36 ~ 25.49 The higher the volatility, the higher the fair value fluctuation Volatility of interest rate 56.32~121.17 The higher the volatility, the higher the fair value fluctuation ₩ 17,082,701 |
Summary of Information about Fair Value Measurements Using Unobservable Inputs Liabilities | December 31, 2021 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial liabilities Financial liabilities designated at fair value through profit or loss: Derivative-linked securities ₩ 7,817,514 DCF Model, Closed Form, Volatility of underlying asset 1.00 ~ 81.32 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -60.35 ~ 90.16 The higher the correlation coefficient, the higher the fair value fluctuation Derivatives held for trading: Stock and index 92,757 DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Binomial Model Volatility of underlying asset 15.07 ~ 80.58 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -60.35 ~ 88.17 The higher the correlation coefficient, the higher the fair value fluctuation Others 81,843 DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form Discount rate 1.46 ~ 2.83 The lower the discount rate, the higher the fair value Volatility of underlying asset 5.29 ~ 53.57 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -48.31 ~ 90.16 The higher the correlation coefficient, the higher the fair value fluctuation ₩ 7,992,114 December 31, 2022 Fair value Valuation techniques Unobservable inputs Range of Relationship of unobservable inputs to (In millions of Financial liabilities Financial liabilities designated at fair value through profit or loss: Derivative-linked securities ₩ 8,231,303 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, and others Volatility of underlying asset 1.00 ~ 119.27 The higher the volatility, the higher the fair value fluctuation Correlation coefficient - 60.10 93.32 The higher the correlation coefficient, the higher the fair value fluctuation Derivatives held for trading: Stock and index 370,093 DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, and others Volatility of underlying asset 0.09 ~ 119.27 The higher the volatility, the higher the fair value fluctuation Correlation coefficient - 60.10 79.72 The higher the correlation coefficient, the higher the fair value fluctuation Others 412,978 DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form Discount rate 4.83 ~ 6.85 The lower the discount rate, the higher the fair value Volatility of underlying asset 8.68 ~ 119.27 The higher the volatility, the higher the fair value fluctuation Correlation coefficient between underlying assets -50.43 ~ 93.32 The higher the correlation coefficient, the higher the fair value fluctuation ₩ 9,014,374 |
Summary of Day one Gain or Loss | Changes in deferred day one gains or losses for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In millions of Korean won) Balance at the beginning of the year ₩ 61,393 ₩ 77,208 New transactions 166,443 113,504 Changes during the year (150,628 ) (119,208 ) Balance at the end of the year ₩ 77,208 ₩ 71,504 |
Summary of Carrying Amounts of Financial Assets by Category | Financial assets and liabilities are measured at fair value or amortized cost. Carrying amount of financial assets and liabilities by category as of December 31, 2021 and 2022, are as follows: December 31, 2021 Financial Financial Financial Financial Derivatives Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ — ₩ — ₩ — ₩ 31,009,374 ₩ — ₩ 31,009,374 Financial assets at fair value through profit or loss 66,005,815 — — — — 66,005,815 Derivative financial assets 3,532,542 — — — 188,828 3,721,370 Loans measured at amortized cost — — — 417,900,273 — 417,900,273 Financial investments — 56,573,115 3,803,128 44,471,628 — 104,847,871 Other financial assets — — — 10,755,350 — 10,755,350 ₩ 69,538,357 ₩ 56,573,115 ₩ 3,803,128 ₩ 504,136,625 ₩ 188,828 ₩ 634,240,053 December 31, 2022 Financial Financial Financial Financial Derivatives Total (In millions of Korean won) Financial assets Cash and due from financial institutions ₩ — ₩ — ₩ — ₩ 32,063,421 ₩ — ₩ 32,063,421 Financial assets at fair value through profit or loss 64,935,344 — — — — 64,935,344 Derivative financial assets 8,984,171 — — — 461,963 9,446,134 Loans measured at amortized cost — — — 436,530,502 — 436,530,502 Financial investments — 55,973,463 2,326,378 58,288,734 — 116,588,575 Other financial assets — — — 11,209,350 — 11,209,350 ₩ 73,919,515 ₩ 55,973,463 ₩ 2,326,378 ₩ 538,092,007 ₩ 461,963 ₩ 670,773,326 |
Summary of Carrying Amounts of Financial Liabilities by Category | December 31, 2021 Financial Financial instruments Financial Derivatives Total (In milliions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,939,584 ₩ 9,149,396 ₩ — ₩ — ₩ 12,088,980 Derivative financial liabilities 3,509,789 — — 172,469 3,682,258 Deposits — — 372,023,918 — 372,023,918 Borrowings — — 56,912,374 — 56,912,374 Debentures — — 67,430,188 — 67,430,188 Other financial liabilities — — 29,494,402 — 29,494,402 ₩ 6,449,373 ₩ 9,149,396 ₩ 525,860,882 ₩ 172,469 ₩ 541,632,120 December 31, 2022 Financial Financial instruments Financial Derivatives Total (In millions of Korean won) Financial liabilities Financial liabilities at fair value through profit or loss ₩ 2,193,210 ₩ 10,078,394 ₩ — ₩ — ₩ 12,271,604 Derivative financial liabilities 9,209,537 — — 297,172 9,506,709 Deposits — — 388,888,452 — 388,888,452 Borrowings — — 71,717,366 — 71,717,366 Debentures — — 68,698,203 — 68,698,203 Other financial liabilities — — 26,705,247 — 26,705,247 ₩ 11,402,747 ₩ 10,078,394 ₩ 556,009,268 ₩ 297,172 ₩ 577,787,581 |
Summary of Continuing Involvement in Derecognised Financial Assets | The Group transferred loans and other financial assets to companies specialized in asset-backed securitization and derecognized them from the consolidated financial statement, while the maximum exposure to loss (carrying amount) from its continuing involvement and fair value of its continuing involvement of the derecognized financial assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 Type of continuing Classification of financial Carrying amount Fair value of (In millions of Korean won) Discovery 2 nd Subordinated bond Financial assets at fair value through profit or loss ₩ 5,189 ₩ 5,189 AP 4D ABS Ltd. Subordinated bond Financial assets at fair value through profit or loss 5,463 5,463 ₩ 10,652 ₩ 10,652 December 31, 2022 Type of continuing Classification of financial Carrying amount Fair value of (In millions of Korean won) Discovery 2 nd Subordinated bond Financial assets at fair value through profit or loss ₩ 564 ₩ 564 AP 4D ABS Ltd. Subordinated bond Financial assets at fair value through profit or loss 541 541 ₩ 1,105 ₩ 1,105 |
Summary of Financial Assets Transferred During Period Which Do not Qualify for Derecognition | The Group issued securitized debentures using loans as underlying assets. Details of underlying assets and senior debentures in relation to securitization as of December 31, 2021 and 2022, are as follows: December 31, 2021 Carrying amount Fair value of Carrying amount Fair value of (In millions of Korean won) KB Kookmin Card 5 th 1 ₩ 492,108 ₩ 490,113 ₩ 299,881 ₩ 302,564 KB Kookmin Card 6 th 1 726,803 723,835 474,000 474,766 KB Kookmin Card 7 th 1 948,129 943,689 598,180 596,272 KB Kookmin Card 8 th 1 545,750 543,982 299,844 306,264 KB Auto Second Asset Securitization Specialty Co., Ltd. 2 129,867 129,385 59,968 59,935 ₩ 2,842,657 ₩ 2,831,004 ₩ 1,731,873 ₩ 1,739,801 December 31, 2022 Carrying amount Fair value of Carrying amount Fair value of (In millions of Korean won) KB Kookmin Card 7 th 1 ₩ 963,756 ₩ 958,207 ₩ 641,780 ₩ 628,274 KB Kookmin Card 8 th 1 556,487 553,729 299,878 285,111 KB Kookmin Card 9 th 1 615,565 612,543 349,829 372,724 KB Kookmin Card 10 th 1 1,138,578 1,132,170 503,392 503,644 KB Auto Fifth Asset Securitization Specialty Co., Ltd. 2 441,080 429,626 299,705 299,705 ₩ 3,715,466 ₩ 3,686,275 ₩ 2,094,584 ₩ 2,089,458 1 The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. 2 The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as when the trusted assets do not meet the eligibility requirements. 6.4.3 Bonds sold under repurchase agreements and loaned securities The Group continues to recognize the financial assets related to bonds sold under repurchase agreements and securities lending transactions in the consolidated statement of financial position since those transactions are not qualified for derecognition even though the Group transfers the financial assets. Bonds sold under repurchase agreements are sold on the condition that they will be repurchased at a fixed price and loaned securities will be returned at the expiration of the loan period. Thus, the Group retains substantially all the risks and rewards of ownership of the financial assets. The carrying amount of transferred assets and related liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 Carrying amount of Carrying amount of (In millions of Korean won) Bonds sold under repurchase agreements * ₩ 11,273,036 ₩ 10,978,971 Loaned securities: Government and public bonds 1,035,736 — Stock 253 — ₩ 12,309,025 ₩ 10,978,971 December 31, 2022 Carrying amount of Carrying amount of (In millions of Korean won) Bonds sold under repurchase agreements * ₩ 11,418,820 ₩ 10,610,882 Loaned securities: Government and public bonds 1,661,550 — Stock 52,098 — Others 94,766 — ₩ 13,227,234 ₩ 10,610,882 * Bonds sold under repurchase agreements using borrowed securities as collateral amount to ₩ 2,050,635 million and ₩ 100,768 million as of December 31, 2021 and 2022, respectively. |
Summary of Offsetting Of Financial Assets | 6.5.1 Details of financial assets subject to enforceable master netting agreements or similar arrangements as of December 31, 2021 and 2022, are as follows: December 31, 2021 Gross assets Gross liabilities Net amount in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivative-linked securities ₩ 3,673,348 ₩ — ₩ 3,673,348 Derivatives held for hedging 188,828 — 188,828 ₩ (2,352,365 ) ₩ (235,749 ) ₩ 1,274,062 Unsettled spot exchange receivable 2,384,503 — 2,384,503 (2,380,556 ) — 3,947 Bonds purchased under repurchase agreements 5,955,194 — 5,955,194 (5,955,194 ) — — Domestic exchange settlement debits 43,497,849 (42,482,911 ) 1,014,938 — — 1,014,938 Other financial instruments 2,341,992 (2,327,904 ) 14,088 (3,209 ) — 10,879 ₩ 58,041,714 ₩ (44,810,815 ) ₩ 13,230,899 ₩ (10,691,324 ) ₩ (235,749 ) ₩ 2,303,826 December 31, 2022 Gross assets Gross liabilities Net amount in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivative-linked securities ₩ 9,380,420 ₩ — ₩ 9,380,420 Derivatives held for hedging 461,964 — 461,964 ₩ (7,710,408 ) ₩ (195,224 ) ₩ 1,936,752 Unsettled spot exchange receivable 3,374,369 — 3,374,369 (3,360,673 ) — 13,696 Bonds purchased under repurchase agreements 3,328,657 — 3,328,657 (3,328,657 ) — — Domestic exchange settlement debits 55,491,085 (54,611,238 ) 879,847 — — 879,847 Other financial instruments 2,010,671 (1,912,964 ) 97,707 (3,169 ) — 94,538 ₩ 74,047,166 ₩ (56,524,202 ) ₩ 17,522,964 ₩ (14,402,907 ) ₩ (195,224 ) ₩ 2,924,833 |
Summary of Offsetting of Financial Liabilities | 6.5.2 Details of financial liabilities subject to enforceable master netting agreements or similar arrangements as of December 31, 2021 and 2022, are as follows: December 31, 2021 Gross liabilities Gross assets Net amount in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivative-linked securities ₩ 4,132,915 ₩ — ₩ 4,132,915 Derivatives held for hedging 172,470 — 172,470 ₩ (3,069,591 ) ₩ (75,253 ) ₩ 1,160,541 Unsettled spot exchange payable 2,383,399 — 2,383,399 (2,380,556 ) — 2,843 Bonds sold under repurchase agreements * 14,372,761 — 14,372,761 (14,372,761 ) — — Securities borrowing agreements 2,826,885 — 2,826,885 (2,826,885 ) — — Domestic exchange settlement credits 47,608,341 (42,482,911 ) 5,125,430 (5,125,430 ) — — Other financial instruments 2,738,984 (2,327,904 ) 411,080 (3,209 ) — 407,871 ₩ 74,235,755 ₩ (44,810,815 ) ₩ 29,424,940 ₩ (27,778,432 ) ₩ (75,253 ) ₩ 1,571,255 December 31, 2022 Gross liabilities Gross assets Net amount in Non-offsetting Net amount Financial Cash (In millions of Korean won) Derivatives held for trading and derivative-linked securities ₩ 10,500,353 ₩ — ₩ 10,500,353 Derivatives held for hedging 297,173 — 297,173 ₩ (2,302,059 ) ₩ (83,837 ) ₩ 8,411,630 Unsettled spot exchange payable 3,374,230 — 3,374,230 (3,360,673 ) — 13,557 Bonds sold under repurchase agreements * 11,769,694 — 11,769,694 (11,769,694 ) — — Securities borrowing agreements 2,102,537 — 2,102,537 (2,102,537 ) — — Domestic exchange settlement credits 56,349,727 (54,611,238 ) 1,738,489 (1,738,489 ) — — Other financial instruments 1,973,123 (1,912,964 ) 60,159 (3,169 ) — 56,990 ₩ 86,366,837 ₩ (56,524,202 ) ₩ 29,842,635 ₩ (21,276,621 ) ₩ (83,837 ) ₩ 8,482,177 * Includes bonds sold under repurchase agreements to customers. |
Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings Text Block [Text Block] | 6.2.2.2 In relation to changes in financial instruments classified as Level 3 of the fair value hierarchy, total gains or losses recognized in profit or loss for the period, and total gains or losses recognized in profit or loss from financial instruments held at the end of the reporting period for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 Net losses on Other operating Net interest Net gains on Other operating Net interest (In millions of Korean won) Total gains (losses) recognized in profit or loss for the period ₩ 70,251 ₩ (56,329 ) ₩ — ₩ 256,167 ₩ 86,236 ₩ — Total gains (losses) recognized in profit or loss 129,824 (60,884 ) — 126,516 85,256 — 2022 Net gains on financial Other operating Net interest income (In millions of Korean won) Total gains (losses) recognized in profit or loss for the period ₩ (75,653 ) ₩ 124,042 ₩ — Total gains recognized in profit or loss from financial instruments held at the end of the reporting period 88,483 73,711 — |
Summary of Sensitivity Analysis of Changes In Unobservable Inputs of Financial Assets and Financial Liabilities [Table Text Block] | Results of the sensitivity analysis of changes in unobservable inputs as of December 31, 2021 and 2022, are as follows: December 31, 2021 Profit or loss Other comprehensive income or loss Favorable changes Unfavorable changes Favorable changes Unfavorable changes (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: 1 Due from financial institutions ₩ — ₩ — ₩ 19 ₩ (18 ) Debt securities 4 13,149 (12,562 ) 1,458 (1,402 ) Equity securities 3 11,259 (8,192 ) 1,049 (813 ) Loans 5 3,062 (2,742 ) — — Derivatives held for trading 2 19,328 (20,005 ) — — Financial assets at fair value through other comprehensive income: Equity securities 3 6,495 (5,145 ) 95,599 (71,171 ) Loans 6 — — 133 (131 ) ₩ 53,293 ₩ (48,646 ) ₩ 98,258 ₩ (73,535 ) Financial liabilities Financial liabilities designated at fair value through profit or loss 1 ₩ 78,355 ₩ (82,797 ) ₩ 78,356 ₩ (82,797 ) Derivatives held for trading 2 31,310 (29,309 ) 31,114 (29,105 ) ₩ 109,665 ₩ (112,106 ) ₩ 109,470 ₩ (111,902 ) December 31, 2022 Profit or loss Other comprehensive income or loss Favorable changes Unfavorable changes Favorable changes Unfavorable changes (In millions of Korean won) Financial assets Financial assets at fair value through profit or loss: 1 Due from financial institutions ₩ — ₩ — ₩ 221 ₩ (247 ) Debt securities 4 17,392 (17,896 ) 1,642 (1,869 ) Equity securities 3 34,564 (25,586 ) — — Loans 5 2,276 (2,055 ) — — Derivatives held for trading 2 18,076 (19,034 ) — — Financial assets at fair value through other comprehensive income: Equity securities 3 — — 179,307 (82,595 ) Loans 6 — — — — ₩ 72,308 ₩ (64,571 ) ₩ 181,170 ₩ (84,711 ) Financial liabilities Financial liabilities designated at fair value through profit or loss 1 ₩ 94,001 ₩ (97,663 ) ₩ — ₩ — Derivatives held for trading 2 48,768 (46,427 ) — — ₩ 142,769 ₩ (144,090 ) ₩ — ₩ — 1 For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate, recovery rate, liquidation value by ±1%p and volatility of underlying asset, growth rate by ±1%p or ±10% and correlation coefficient by ±10%. 2 For derivative financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters such as price of underlying asset and volatility by ± 10%. 3 For equity securities, changes in fair value are calculated by shifting principal unobservable input parameters such as correlation between discount rate (-1%p~1%p) and growth rate (0%p~ 1%p). 4 For beneficiary certificates, it is practically impossible to analyze sensitivity of changes in unobservable inputs. However, for beneficiary certificates whose underlying assets are real estates, changes in fair value are calculated by shifting rate of real estate price fluctuation by -1%p~1%p, and for beneficiary certificates whose underlying assets are equity investments, changes in fair value are calculated by shifting principal unobservable input parameters such as liquidation value by -1%p~1%p and discount rate by -1%p~1%p. There is no significant correlation among major unobservable inputs. 5 For loans, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate by -1%p~1%p. 6 For loans measured at fair value through other comprehensive income, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate and growth rate by ±1%p. |
Summary of Purchase commitments of securitized debentures [Table Text Block] | The Group provided additional credit enhancement, such as purchase commitments, for the underlying assets of subsidiaries established for asset-backed securitization. Details of carrying amounts of the underlying assets and the associated liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Underlying assets Financial assets at fair value through profit or loss ₩ 289,188 ₩ 324,456 Loans measured at amortized cost * 3,724,204 3,050,471 ₩ 4,013,392 ₩ 3,374,927 Associated liabilities Debentures ₩ 4,010,436 ₩ 3,222,237 * Before netting of allowance |
Due From Financial Institutio_2
Due From Financial Institutions at Amortized Cost (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Due From Financial Institution [Abstract] | |
Summary of Details of Due from Financial Institutions | 7.1 Details of due from financial institutions as of December 31, 2021 and 2022, are as follows: Financial institutions Interest rate December 31, December 31, 2021 December 31, 2022 (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea — ₩ 15,317,033 ₩ 15,169,704 Due from banks Hana Bank and others 0.00 ~ 6.00 3,390,521 3,606,033 Due from others NH Investment & Securities Co., Ltd. and others 0.00 686,236 1,298,879 19,393,790 20,074,616 Due from financial institutions in foreign currencies Due from banks in foreign currencies The Bank of Korea and others 0.00 ~ 4.00 6,329,310 5,669,702 Time deposits in foreign currencies Industrial and Commercial Bank of China and others 0.00 ~ 6.80 587,782 587,218 Due from others Societe Generale (Paris) and others 0.00 ~ 8.00 2,054,474 3,171,975 8,971,566 9,428,895 ₩ 28,365,356 ₩ 29,503,511 * Before netting of allowance |
Summary of Restricted Cash and Cash Equivalents | 7.2 Details of restricted due from financial institutions as of December 31, 2021 and 2022, are as follows: Financial institutions December 31, 2021 December 31, 2022 Reasons of restriction (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea ₩ 15,317,033 ₩ 15,169,704 Bank of Korea Act Due from banks Shinhan Bank and others 803,445 522,306 Net settlement and others Due from others NH Investment & Securities Co., Ltd. and others 528,642 1,029,631 Derivatives margin account and others 16,649,120 16,721,641 Due from financial institutions in foreign currencies Due from banks in foreign currencies Bank of Indonesia and others 2,262,610 2,350,933 Indonesian law and others Time deposits in foreign currencies Agricultural Bank of China and others 68,588 72,437 Bank Act of the State of New York and others Due from others Societe Generale (Paris) and others 1,774,388 2,092,656 Derivatives margin account and others 4,105,586 4,516,026 ₩ 20,754,706 ₩ 21,237,667 * Before netting of allowance |
Summary of Changes in the Allowances for Due from Financial Institutions Losses | 7.3 Changes in allowances for credit losses of due from financial institutions for the years ended December 31, 2021 and 2022, are as follows: 2021 12-month expected Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 2,947 ₩ 34 ₩ 282 Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Reversal of credit losses (51 ) (35 ) (282 ) Others 73 1 — Ending ₩ 2,969 ₩ — ₩ — 202 2 12-month Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 2,969 ₩ — ₩ — Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Impairment — — — Reversal of credit losses (392 ) — — Others 166 — — Ending ₩ 2,743 ₩ — ₩ — |
Assets Pledged as Collateral (T
Assets Pledged as Collateral (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Pledged Assets [Abstract] | |
Schedule of assets pledged as collateral | 8.1 Details of assets pledged as collateral as of December 31, 2021 and 2022, are as follows: December 31, 2021 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions Shinhan Banks and others ₩ 1,163,138 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 8,689,639 Repurchase agreements The Korea Securities Depository and others 9,294,924 Securities borrowing transactions Samsung Futures Inc. and others 1,039,656 Derivatives transactions 19,024,219 Financial assets at fair value through other comprehensive income The Korea Securities Depository and others 2,048,029 Repurchase agreements The Korea Securities Depository and others 1,523,593 Securities borrowing transactions The Bank of Korea 2,843,426 Borrowings from the Bank of Korea The Bank of Korea 1,249,049 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 709,390 Derivatives transactions 8,373,487 Securities measured at amortized cost The Korea Securities Depository and others 494,973 Repurchase agreements The Bank of Korea 4,847,855 Borrowings from the Bank of Korea The Bank of Korea 3,948,622 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 144,014 Derivatives transactions Others 268,767 Others 9,704,231 Loans Others 9,659,575 Covered bond and others Real estate LGIM COMMERCIAL LENDING Ltd. and others 1,598,553 Borrowings from bank and others ₩ 49,523,203 December 31, 2022 Assets pledged Pledgee Carrying amount Reasons of pledge (In millions of Due from financial institutions KEB Hana Bank and others ₩ 1,263,167 Borrowings from bank and others Financial assets at fair value through profit or loss The Korea Securities Depository and others 3,841,536 Repurchase agreements The Korea Securities Depository and others 7,063,541 Securities borrowing transactions The Bank of Korea 34,071 Borrowings from the Bank of Korea The Bank of Korea 236,832 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 1,131,217 Derivatives transactions 12,307,197 Financial assets at fair value through other comprehensive income MERITZ Securities Co., LTD and others 5,625,270 Repurchase agreements The Korea Securities Depository and others 1,592,460 Securities borrowing transactions The Bank of Korea 5,495,686 Borrowings from the Bank of Korea The Bank of Korea 1,782,507 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 1,121,999 Derivatives transactions 15,617,922 Securities measured at amortized cost The Korea Securities Depository and others 2,307,499 Repurchase agreements The Bank of Korea 4,020,539 Borrowings from the Bank of Korea The Bank of Korea 5,047,277 Settlement risk of the Bank of Korea Samsung Futures Inc. and others 327,684 Derivatives transactions Korea Exchange and others 896,896 Others 12,599,895 Loans Others 12,863,079 Covered bond and others Real estate LGIM COMMERCIAL LENDING Ltd. and others 834,003 Borrowings from bank and others ₩ 55,485,263 |
Schedule of the fair values of collateral available to sell or repledge And Collateral Sold Or repledged | 8.2 Fair value of collateral available to sell or repledge, and collateral sold or repledged, regardless of debtor’s default as of December 31, 2021 and 2022, are as follows: December 31, 2021 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 6,451,850 ₩ — ₩ 6,451,850 December 31, 2022 Fair value of collateral Fair value of collateral Total (In millions of Korean won) Securities ₩ 3,344,424 ₩ — ₩ 3,344,424 |
Derivative Financial Instrume_2
Derivative Financial Instruments and Hedge Accounting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about hedges [abstract] | |
Summary of Derivative Financial Instruments | 9.1 Details of derivative financial instruments held for trading as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Notional amount Assets Liabilities Notional amount Assets Liabilities (In millions of Korean won) Interest rate Forwards ₩ 4,037,717 ₩ 140,126 ₩ 126,610 ₩ 8,261,663 ₩ 821,603 ₩ 431,002 Futures* 6,479,692 1,903 2,464 4,450,505 765 256 Swaps 334,721,395 354,686 397,046 359,581,194 859,670 694,713 Options 12,547,000 176,274 199,567 10,508,000 274,596 272,284 357,785,804 672,989 725,687 382,801,362 1,956,634 1,398,255 Currency Forwards 105,509,405 1,296,083 934,944 115,682,577 2,813,603 2,472,119 Futures* 361,791 464 877 413,960 36 2,364 Swaps 65,028,025 1,082,873 1,331,597 91,646,725 3,525,458 4,049,390 Options 1,885,064 7,643 11,044 1,852,065 27,258 13,025 172,784,285 2,387,063 2,278,462 209,595,327 6,366,355 6,536,898 Stock and index Futures* 1,612,965 14,338 6,530 1,828,302 37,455 89,624 Swaps 5,207,198 322,888 132,619 6,649,735 377,840 492,275 Options 7,617,703 95,338 241,371 7,257,715 168,311 359,274 14,437,866 432,564 380,520 15,735,752 583,606 941,173 Credit Swaps 2,602,382 18,979 7,409 3,006,114 32,860 17,468 2,602,382 18,979 7,409 3,006,114 32,860 17,468 Commodity Futures* 6,370 43 82 28,577 1,970 941 Swaps — — — 131,500 887 885 6,370 43 82 160,077 2,857 1,826 Others 1,695,540 20,904 117,629 1,003,301 41,859 313,917 ₩ 549,312,247 ₩ 3,532,542 ₩ 3,509,789 ₩ 612,301,933 ₩ 8,984,171 ₩ 9,209,537 * Gains or losses arising from some daily mark-to-market 9.3.2 Details of derivative instruments designated as fair value hedge as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 8,910,139 ₩ 127,290 ₩ 38,253 ₩ (33,227 ) Currency Forwards 1,705,213 2,436 54,855 (174,707 ) ₩ 10,615,352 ₩ 129,726 ₩ 93,108 ₩ (207,934 ) December 31, 2022 2022 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 13,290,183 ₩ 186,258 ₩ 104,856 ₩ (1,244 ) Currency Forwards 1,402,671 36,567 26,008 (129,451 ) ₩ 14,692,854 ₩ 222,825 ₩ 130,864 ₩ (130,695 ) 9.4.2 Details of derivative instruments designated as cash flow hedge as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Swaps ₩ 4,553,250 ₩ 12,575 ₩ 9,532 ₩ 36,164 Currency Swaps 3,055,264 46,527 61,331 60,327 ₩ 7,608,514 ₩ 59,102 ₩ 70,863 ₩ 96,491 December 31, 2022 2022 Notional Assets Liabilities Changes in fair value (In millions of Korean won) Interest rate Forwards ₩ 1,079,652 ₩ 20,202 ₩ 56,753 ₩ (36,372 ) Swaps 3,231,288 101,975 124 111,902 Currency Swaps 3,521,600 116,961 98,237 (6,379 ) ₩ 7,832,540 ₩ 239,138 ₩ 155,114 ₩ 69,151 9.5.2 Details of financial instruments designated as hedge of net investments in foreign operations as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 91,636 ₩ — ₩ 8,498 ₩ (8,494 ) Debentures in foreign currencies 1,273,227 — 1,273,227 (80,235 ) ₩ 1,364,863 ₩ — ₩ 1,281,725 ₩ (88,729 ) December 31, 2022 2022 Notional amount Assets Liabilities Changes in fair value (In millions of Korean won) Currency Forwards ₩ 92,511 ₩ — ₩ 11,194 ₩ (16,168 ) Debentures in foreign currencies 1,361,080 — 1,361,080 (87,853 ) ₩ 1,453,591 ₩ — ₩ 1,372,274 ₩ (104,021 ) |
Summary of Information about Terms and Conditions of Hedging Instruments and How They Affect Future Cash Flows | 9.2 Average price conditions of future nominal cash flows by type of hedge accounting as of December 31, 2021 and 2022, are as follows: December 31, 2021 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 2,223,113 ₩ 1,423,760 ₩ 967,376 ₩ 2,153,200 ₩ 1,428,673 ₩ 2,419,230 ₩ 10,615,352 Average price condition (%) 0.94 1.23 1.04 1.16 1.06 1.39 1.18 Average price condition (USD/KRW) 1,144.74 1,154.78 1,169.72 — — — 1,150.30 Average price condition (EUR/KRW) 1,359.59 1,363.95 1,394.84 — 1,458.92 — 1,409.23 Average price condition (AUD/KRW) 859.41 — — — — — 859.41 Average price condition (GBP/KRW) 1,554.65 — — 1,620.05 — — 1,557.47 Cash flow hedge Nominal amount of the hedging instrument ₩ 4,150,546 ₩ 1,763,372 ₩ 322,735 ₩ 641,733 ₩ 580,128 ₩ 150,000 ₩ 7,608,514 Average price condition (%) 1.01 1.51 2.06 1.87 1.84 2.12 1.21 Average price condition (USD/KRW) 1,159.92 1,178.13 1,145.05 1,139.40 1,123.13 — 1,152.89 Average price condition (EUR/KRW) 1,312.75 1,321.00 1,364.00 1,374.73 — — 1,351.76 Average price condition (AUD/KRW) — — 856.40 851.50 — — 853.40 Average price condition (SGD/KRW) — 866.14 — — — — 866.14 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 91,636 ₩ — ₩ — ₩ — ₩ — ₩ — ₩ 91,636 Average price condition (USD/KRW) 1,071.00 — — — — — 1,071.00 Average price condition (GBP/KRW) 1,465.26 — — — — — 1,465.26 December 31, 2022 1 year 2 years 3 years 4 years 5 years Over 5 years Total (In millions of Korean won) Fair value hedge Nominal amount of the hedging instrument ₩ 5,612,378 ₩ 1,921,072 ₩ 2,701,675 ₩ 1,883,332 ₩ 426,551 ₩ 2,147,846 ₩ 14,692,854 Average price condition (%) 4.17 4.52 4.64 4.56 4.36 4.64 4.43 Average price condition (USD/KRW) 1,197.01 1,262.56 1,276.70 — — — 1,240.59 Average price condition (EUR/KRW) 1,363.42 1,373.32 — 1,436.86 — — 1,387.71 Average price condition (AUD/KRW) 886.23 895.76 — — — — 890.17 Average price condition (GBP/KRW) 1,617.02 — 1,535.25 — — — 1,537.85 Cash flow hedge Nominal amount of the hedging instrument ₩ 3,033,420 ₩ 892,720 ₩ 1,846,139 ₩ 771,585 ₩ 1,078,676 ₩ 210,000 ₩ 7,832,540 Average price condition (%) 2.90 2.60 4.42 4.62 4.95 3.99 3.54 Average price condition (USD/KRW) 1,178.13 1,196.80 1,166.24 1,225.35 1,252.61 — 1,202.02 Average price condition (EUR/KRW) 1,321.00 1,364.00 1,374.73 — — — 1,362.51 Average price condition (AUD/KRW) — 856.40 851.50 — — — 853.40 Average price condition (SGD/KRW) 866.14 — — — — — 866.14 Hedge of net investments in foreign operations Nominal amount of the hedging instrument ₩ 65,012 ₩ 27,499 ₩ — ₩ — ₩ — ₩ — ₩ 92,511 Average price condition (USD/KRW) 1,071.00 — — — — — 1,071.00 Average price condition (GBP/KRW) — 1,465.26 — — — — 1,465.26 |
Summary of Detailed Information about Hedged Items | 9.3.1 Details of fair value hedged items as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 1,627,228 ₩ — ₩ (20,272 ) ₩ — ₩ (26,247 ) Debt securities in foreign currencies 3,567,662 — (22,384 ) — (71,246 ) Deposits in foreign currencies — 93,521 — (1,319 ) 3,222 Debentures in Korean won — 2,470,123 — (79,877 ) 70,308 Debentures in foreign currencies — 1,154,178 — 27,953 45,132 5,194,890 3,717,822 (42,656 ) (53,243 ) 21,169 Currency Debt securities in foreign currencies 2,443,893 — 133,268 — 180,676 2,443,893 — 133,268 — 180,676 ₩ 7,638,783 ₩ 3,717,822 ₩ 90,612 ₩ (53,243) ₩ 201,845 December 31, 2022 2022 Carrying amount Accumulated amount of Changes in fair value Assets Liabilities Assets Liabilities (In millions of Korean won) Hedge accounting Interest rate Debt securities in Korean won ₩ 2,467,171 ₩ — ₩ (107,444 ) ₩ — ₩ (86,757 ) Debt securities in foreign currencies 3,142,973 — (232,085 ) — (215,183 ) Deposits in foreign currencies — 29,429 — (8,591 ) 6,976 Debentures in Korean won — 5,690,371 — (249,629 ) 171,841 Debentures in foreign currencies — 1,196,781 — (95,865 ) 123,817 5,610,144 6,916,581 (339,529 ) (354,085 ) 694 Currency Debt securities in foreign currencies 1,596,049 — 82,284 — 151,303 1,596,049 — 82,284 — 151,303 ₩ 7,206,193 ₩ 6,916,581 ₩ (257,245 ) ₩ (354,085) ₩ 151,997 |
Summary of Information About Amounts that Affected Statement of Comprehensive Income as Result of Hedge Accounting | 9.3.3 Details of hedge ineffectiveness recognized in profit or loss on derivative instruments designated as fair value hedge for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Hedge accounting Interest rate ₩ 5,742 ₩ (12,058 ) ₩ (550 ) Currency 56,684 5,969 21,852 ₩ 62,426 ₩ (6,089 ) ₩ 21,302 9.3.4 Gains or losses on fair value hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains (losses) on hedging instruments ₩ 89,179 ₩ (187,364 ) ₩ (101,281 ) Gains (losses) on hedged items attributable to the hedged risk (26,899 ) 188,556 122,552 ₩ 62,280 ₩ 1,192 ₩ 21,271 9.4.1 Details of cash flow hedged items as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: Cash flow hedge reserve Changes in fair value December 31, 2021 December 31, 2022 2021 2022 (In millions of Korean won) Hedge accounting Interest rate risk ₩ 4,864 ₩ 46,229 ₩ (36,428 ) ₩ (107,134 ) Currency risk (12,597 ) (22,488 ) 12,605 14,289 ₩ (7,733 ) ₩ 23,741 ₩ (23,823 ) ₩ (92,845 ) 9.4.3 Gains or losses on cash flow hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains (losses) on hedging instruments: ₩ (55,240 ) ₩ 96,491 ₩ 69,151 Effective portion of gains (losses) on cash flow hedging instruments (recognized in other comprehensive income or loss) (48,034 ) 95,478 71,692 Ineffective portion of gains (losses) on cash flow hedging instruments (recognized in profit or loss) (7,206 ) 1,013 (2,541 ) 9.4.4 Amounts recognized in other comprehensive income (loss) and reclassified from equity to profit or loss related to derivative instruments designated as cash allow hedge for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Other comprehensive income (loss) ₩ (48,034 ) ₩ 95,478 ₩ 71,692 Reclassification to profit or loss 39,190 (53,080 ) (13,288 ) Income tax effect 7,580 (21,534 ) (26,930 ) ₩ (1,264 ) ₩ 20,864 ₩ 31,474 9.5.1 Details of net investments in foreign operations hedged items as of December 31, 2021 and 2022 and changes in fair value for the years ended December 31, 2021 and 2022, are as follows: Foreign currency translation reserve Changes in fair value December 31, 2021 December 31, 2022 2021 2022 (In millions of Korean won) Hedge accounting Currency risk ₩ (35,658 ) ₩ (114,743 ) ₩ 88,729 ₩ 104,021 |
Summary of Fair Value of Non Derivative Financial Instruments | 9.5.3 Fair value of non-derivative December 31, 2021 December 31, 2022 (In millions of Korean won) Debentures in foreign currencies ₩ 1,275,291 ₩ 1,211,215 |
Summary of Gains or Losses from Hedging Instruments and Hedged Items Attributable to the Hedged Risk | 9.5.4 Gains or losses on net investments in foreign operations hedging instruments and hedged items attributable to the hedged risk for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains (losses) on hedging instruments: ₩ 88,769 ₩ (88,729 ) ₩ (104,021 ) Effective portion of gains (losses) on hedge of net investments in foreign operations (recognized in other comprehensive income or loss) 88,769 (88,729 ) (104,021 ) Ineffective portion of gains (losses) on hedge of net investments in foreign operations (recognized in profit or loss) — — — |
Summary of Effective Portion of Gains or Losses on Hedging Instruments Recognized in Other Comprehensive Income | 9.5.5 Effective portion of gains or losses on net investments in foreign operations hedging instruments recognized in other comprehensive income (loss) for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Other comprehensive income (loss) ₩ 88,769 ₩ (88,729 ) ₩ (104,021 ) Reclassification to profit or loss — 5,195 — Income tax effect (24,500 ) 25,599 24,936 ₩ 64,269 ₩ (57,935 ) ₩ (79,085 ) |
Summary of Interest Rate Benchmark Reform | Details of the Group’s exposure to hedging relationships related to the interest rate benchmark reform as of December 31, 2022, are as follows: December 31, 2022 Interest rate benchmark Currency Carrying amount of non-derivative assets Carrying amount of non-derivative liabilities Notional amount of (In millions of Korean won and millions of US dollars) CD#3M KRW 2,760,791 5,690,371 6,440,000 USD#LIBOR#3M USD 1,895 1,385 3,753 USD#LIBOR#6M USD 167 — 182 |
Loans Measured at Amortized C_2
Loans Measured at Amortized Cost (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Trade and other receivables [abstract] | |
Summary of Loans | 10.1 Details of loans as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Loans measured at amortized cost ₩ 420,910,259 ₩ 440,137,603 Deferred loan origination fees and costs 674,069 551,524 Less: Allowances for credit losses (3,684,055 ) (4,158,625 ) ₩ 417,900,273 ₩ 436,530,502 |
Summary of Loans for other Banks | 10.2 Details of loans to banks as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Loans measured at amortized cost ₩ 8,325,177 ₩ 9,751,737 Less: Allowances for credit losses (443 ) (1,951 ) ₩ 8,324,734 ₩ 9,749,786 |
Summary of Loan Types and Customer Types of Loans to Customers other than Banks | 10.3 Details of loan types and customer types of loans to customers other than banks as of December 31, 2021 and 2022, are as follows: December 31, 2021 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 184,872,384 ₩ 162,081,901 ₩ — ₩ 346,954,285 Loans in foreign currencies 3,990,253 20,865,495 — 24,855,748 Domestic import usance bills — 3,311,142 — 3,311,142 Off-shore — 1,064,623 — 1,064,623 Call loans — 902,301 — 902,301 Bills bought in Korean won — 2,209 — 2,209 Bills bought in foreign currencies — 2,001,046 — 2,001,046 Guarantee payments under acceptances and guarantees 7 20,773 — 20,780 Credit card receivables in Korean won — — 20,766,340 20,766,340 Credit card receivables in foreign currencies — — 57,980 57,980 Bonds purchased under repurchase agreements — 4,855,194 — 4,855,194 Privately placed bonds — 758,557 — 758,557 Factored receivables 113 458 — 571 Lease receivables 778,425 513,714 — 1,292,139 Loans for installment credit 6,265,896 150,340 — 6,416,236 195,907,078 196,527,753 20,824,320 413,259,151 Proportion (%) 47.40 47.56 5.04 100.00 Less: Allowances for credit losses (1,004,995 ) (1,886,473 ) (792,144 ) (3,683,612 ) ₩ 194,902,083 ₩ 194,641,280 ₩ 20,032,176 ₩ 409,575,539 December 31, 2022 Retail Corporate Credit card Total (In millions of Korean won) Loans in Korean won ₩ 181,125,018 ₩ 177,396,151 ₩ — ₩ 358,521,169 Loans in foreign currencies 4,668,207 26,052,080 — 30,720,287 Domestic import usance bills — 4,499,072 — 4,499,072 Off-shore — 908,266 — 908,266 Call loans — 119,066 — 119,066 Bills bought in Korean won — 285,727 — 285,727 Bills bought in foreign currencies — 1,780,873 — 1,780,873 Guarantee payments under acceptances and guarantees 1 18,459 — 18,460 Credit card receivables in Korean won — — 22,562,217 22,562,217 Credit card receivables in foreign currencies — — 47,376 47,376 Bonds purchased under repurchase agreements — 3,028,657 — 3,028,657 Privately placed bonds — 853,986 — 853,986 Factored receivables 111 4 — 115 Lease receivables 576,165 558,318 — 1,134,483 Loans for installment credit 5,915,223 542,413 — 6,457,636 192,284,725 216,043,072 22,609,593 430,937,390 Proportion (%) 44.62 50.13 5.25 100.00 Less: Allowances for credit losses (1,335,388 ) (1,983,444 ) (837,842 ) (4,156,674 ) ₩ 190,949,337 ₩ 214,059,628 ₩ 21,771,751 ₩ 426,780,716 |
Summary of Changes in Deferred Loan Origination Fees and Costs | 10.4 Changes in deferred loan origination fees and costs for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Increase Decrease Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 673,957 ₩ 418,732 ₩ (424,785 ) ₩ — ₩ 667,904 Others 1 95,590 44,728 (63,619 ) (4 ) 76,695 769,547 463,460 (488,404 ) (4 ) 744,599 Deferred loan origination fees Loans in Korean won 9,148 11,909 (3,556 ) — 17,501 Others 2 44,072 32,667 (27,332 ) 3,622 53,029 53,220 44,576 (30,888 ) 3,622 70,530 ₩ 716,327 ₩ 418,884 ₩ (457,516 ) ₩ (3,626 ) ₩ 674,069 2022 Beginning Increase Decrease Others Ending (In millions of Korean won) Deferred loan origination costs Loans in Korean won ₩ 667,904 ₩ 291,342 ₩ (380,718 ) ₩ — ₩ 578,528 Others 1 76,695 38,913 (47,445 ) 4 68,167 744,599 330,255 (428,163 ) 4 646,695 Deferred loan origination fees Loans in Korean won 17,501 23,780 (13,117 ) — 28,164 Others 2 53,029 49,245 (37,730 ) 2,463 67,007 70,530 73,025 (50,847 ) 2,463 95,171 ₩ 674,069 ₩ 257,230 ₩ (377,316 ) ₩ (2,459 ) ₩ 551,524 1 Includes deferred loan origination costs related to credit card receivables, loans for installment credit, and finance lease receivables. 2 Includes deferred loan origination fees related to loans in foreign currencies executed by PT Bank KB Bukopin Tbk and PRASAC Microfinance Institution Plc. |
Allowances for Credit Losses (T
Allowances for Credit Losses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Reconciliation of changes in allowance account for credit losses of financial assets [abstract] | |
Summary of Changes in the Allowances for Loan Losses | 11.1 Changes in allowances for credit losses of loans measured at amortized cost for the years ended December 31, 2021 and 2022, are as follows: 2021 Retail Corporate Credit card 12-month expected credit losses Lifetime expected credit 12-month credit losses Lifetime expected credit 12-month Lifetime expected credit Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 403,805 ₩ 240,578 ₩ 265,705 ₩ 368,782 ₩ 410,937 ₩ 892,061 ₩ 205,157 ₩ 234,219 ₩ 262,119 Transfer between stages: Transfer to 12-month 125,634 (120,132 ) (5,502 ) 133,798 (71,772 ) (62,026 ) 45,938 (44,858 ) (1,080 ) Transfer to lifetime expected credit losses (97,040 ) 115,427 (18,387 ) (71,902 ) 92,245 (20,343 ) (34,208 ) 35,846 (1,638 ) Impairment (6,312 ) (49,244 ) 55,556 (2,942 ) (42,158 ) 45,100 (2,228 ) (12,580 ) 14,808 Write-offs — 12 (411,083 ) — (3 ) (239,815 ) — — (440,721 ) Sales (1,112 ) (53 ) (3,592 ) (179 ) — (16,257 ) — — — Provision (reversal) for credit losses 1,2 40,616 52,528 397,492 14,299 88,230 338,746 (39,533 ) 110,022 474,041 Business combination 8,315 2,223 7,194 — — 1,654 — — — Others (exchange differences, etc.) 77 532 1,758 5,942 675 21,844 42 — (13,202 ) Ending 3 ₩ 473,983 ₩ 241,871 ₩ 289,141 ₩ 447,798 ₩ 478,154 ₩ 960,964 ₩ 175,168 ₩ 322,649 ₩ 294,327 2022 Retail Corporate Credit card 12-month expected credit losses Lifetime expected credit 12-month credit losses Lifetime expected credit 12-month Lifetime expected credit Non-impaired Impaired Non-impaired Impaired Non-impaired Impaired (In millions of Korean won) Beginning ₩ 473,983 ₩ 241,871 ₩ 289,141 ₩ 447,798 ₩ 478,154 ₩ 960,964 ₩ 175,168 ₩ 322,649 ₩ 294,327 Transfer between stages: Transfer to 12-month 129,975 (122,881 ) (7,094 ) 127,679 (120,619 ) (7,060 ) 57,128 (50,836 ) (6,292 ) Transfer to lifetime expected credit losses (102,988 ) 122,804 (19,816 ) (93,169 ) 125,031 (31,862 ) (23,042 ) 24,324 (1,282 ) Impairment (6,042 ) (52,137 ) 58,179 (13,524 ) (48,220 ) 61,744 (2,129 ) (19,219 ) 21,348 Write-offs — (1 ) (448,376 ) — (3 ) (617,332 ) — — (450,389 ) Sales (810 ) (163 ) (5,689 ) (103 ) (145 ) (70,603 ) — — — Provision (reversal) for credit losses 1,2 108,300 94,535 595,991 49,789 126,627 690,534 (43,497 ) 77,418 480,849 Others (exchange differences, etc.) (1,332 ) (647 ) (11,415 ) 3,701 1,111 (85,097 ) (443 ) (21 ) (18,219 ) Ending 3 ₩ 601,086 283,381 450,921 522,171 561,936 901,288 163,185 354,315 320,342 1 Provision for credit losses in the consolidated statements of comprehensive income also includes provision (reversal) for credit losses of due from financial institutions (Note 7.3), provision (reversal) for credit losses of financial investments (Note 12.5), provision (reversal) for credit losses of unused commitments, acceptances and guarantees (Note 24.2), provision (reversal) for credit losses of financial guarantee contracts (Note 24.3), and provision (reversal) for credit losses of other financial assets (Note 19.2). 2 Includes ₩ 387,860 million and ₩ 415,998 million of collections from written-off |
Summary of Changes in the Book Value of Loans at Amortized Cost | 11.2 Changes in gross carrying amount of loans for the years ended December 31, 2021 and 2022, are as follows: 2021 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 348,518,780 ₩ 28,504,202 ₩ 3,427,365 Transfer between stages: Transfer to 12-month 31,046,440 (30,615,747 ) (430,693 ) Transfer to lifetime expected credit losses (non-impaired) (36,815,970 ) 37,276,737 (460,767 ) Transfer to lifetime expected credit losses (impaired) (668,120 ) (1,486,835 ) 2,154,955 Write-offs — 9 (1,091,619 ) Sales (2,892,774 ) (8,541 ) (151,714 ) Business combination 116,067 3,924 12,808 Net increase (decrease) (execution, repayment, and others) 46,013,068 (895,012 ) 27,765 Ending ₩ 385,317,491 ₩ 32,778,737 ₩ 3,488,100 2022 12-month credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 385,317,491 ₩ 32,778,737 ₩ 3,488,100 Transfer between stages: Transfer to 12-month 34,445,894 (34,282,273 ) (163,621 ) Transfer to lifetime expected credit losses (non-impaired) (38,397,090 ) 38,818,713 (421,623 ) Transfer to lifetime expected credit losses (impaired) (1,127,437 ) (1,478,968 ) 2,606,405 Write-offs — (4 ) (1,516,097 ) Sales (3,182,398 ) (15,961 ) (270,541 ) Net increase (decrease) (execution, repayment, and others) 25,587,528 (1,325,731 ) (171,997 ) Ending ₩ 402,643,988 ₩ 34,494,513 ₩ 3,550,626 |
Financial Assets at Fair Valu_2
Financial Assets at Fair Value through Profit or Loss and Financial Investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Current financial assets at fair value through profit or loss [abstract] | |
Summary of Financial Assets at Fair Value Through Profit or Loss and Financial Investments | 12.1 Details of financial assets at fair value through profit or loss and financial investments as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Financial assets at fair value through profit or loss Debt securities: Government and public bonds ₩ 8,294,084 ₩ 8,405,662 Financial bonds 16,887,594 12,121,116 Corporate bonds 5,433,010 4,289,284 Asset-backed securities 197,865 164,543 Beneficiary certificates 15,849,129 18,320,226 Derivative-linked securities 1,543,188 1,713,779 Other debt securities 14,797,822 16,773,117 Equity securities: Stocks 1,804,507 1,880,611 Other equity securities 614,956 613,969 Loans: Privately placed bonds 230,006 158,731 Other loans 39,290 334,831 Due from financial institutions: Other due from financial institutions 200,742 69,469 Others 113,622 90,006 ₩ 66,005,815 ₩ 64,935,344 Financial investments Financial assets at fair value through other comprehensive income Debt securities: Government and public bonds ₩ 14,317,477 ₩ 15,974,281 Financial bonds 21,928,735 20,632,077 Corporate bonds 18,986,005 18,282,144 Asset-backed securities 996,428 436,840 Other debt securities 30,866 284,977 Equity securities: Stocks 3,588,415 1,907,737 Equity investments 27,211 17,096 Other equity securities 187,502 401,545 Loans: Privately placed bonds 299,634 363,144 Other loans 13,970 — 60,376,243 58,299,841 Financial assets at amortized cost Debt securities: Government and public bonds 21,447,622 23,180,348 Financial bonds 3,850,954 11,325,479 Corporate bonds 12,246,441 15,770,225 Asset-backed securities 6,899,675 7,654,857 Other debt securities 31,105 363,985 Less: Allowances for credit losses (4,169 ) (6,160 ) 44,471,628 58,288,734 ₩ 104,847,871 ₩ 116,588,575 |
Summary of Dividend Incomes from the Equity Securities | 12.2 Dividend income from equity securities designated at fair value through other comprehensive income for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 From the equity securities From the equity securities held From the equity securities From the equity securities held (In millions of Korean won) Equity securities measured at fair value through other comprehensive income: Stocks Listed ₩ 7,106 ₩ 300 ₩ — ₩ 976 Unlisted 372 19,035 — 20,658 Equity investments — 114 — — Other equity securities — 6,877 — 15,041 ₩ 7,478 ₩ 26,326 ₩ — ₩ 36,675 |
Summary of Derecognized Equity Securities Measured at Fair Value Through Other Comprehensive Income | 12.3 Derecognized equity securities measured at fair value through other comprehensive income for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 Disposal price Accumulated disposal date Disposal price Accumulated disposal date (In millions of Korean won) Equity securities measured at fair value through other comprehensive income: Stocks Listed ₩ 575,288 ₩ (313,427 ) ₩ 425,736 ₩ 335,203 Unlisted 5,577 4,559 — — ₩ 580,865 ₩ (308,868 ) ₩ 425,736 ₩ 335,203 |
Summary of Provision and Reversal for the Allowance of Financial Investments | 12.4 Provision (reversal) for credit losses of financial investments for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 4,297 ₩ (229 ) ₩ 4,068 Loans measured at fair value through other comprehensive income 202 (316 ) (114 ) Securities measured at amortized cost 1,916 (636 ) 1,280 ₩ 6,415 ₩ (1,181 ) ₩ 5,234 2021 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 7,466 ₩ (385 ) ₩ 7,081 Loans measured at fair value through other comprehensive income 237 (15 ) 222 Securities measured at amortized cost 1,892 (691 ) 1,201 ₩ 9,595 ₩ (1,091 ) ₩ 8,504 2022 Provision Reversal Total (In millions of Korean won) Securities measured at fair value through other comprehensive income ₩ 2,009 ₩ (4,896 ) ₩ (2,887 ) Loans measured at fair value through other comprehensive income 72 (260 ) (188 ) Securities measured at amortized cost 2,808 (828 ) 1,980 ₩ 4,889 ₩ (5,984 ) ₩ (1,095 ) |
Summary of Changes in the Allowances for Credit Losses of Financial Investments | 12.5 Changes in allowances for credit losses of financial investments for the years ended December 31, 2021 and 2022, are as follows: 2021 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 9,908 ₩ 39 ₩ 73 Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Sales (1,568 ) (4 ) — Provision (reversal) for credit losses 8,512 (11 ) 3 Others (32 ) 4 — Ending ₩ 16,820 ₩ 28 ₩ 76 2022 12-month expected credit losses Lifetime expected credit losses Non-impaired Impaired (In millions of Korean won) Beginning ₩ 16,820 ₩ 28 ₩ 76 Transfer between stages: Transfer to 12-month — — — Transfer to lifetime expected credit losses — — — Sales (533 ) (20 ) — Provision (reversal) for credit losses (1,358 ) 263 — Others 255 — — Ending ₩ 15,184 ₩ 271 ₩ 76 |
Investments in Associates and_2
Investments in Associates and Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of associates [abstract] | |
Disclosure Of Interests In Associates Explanatory | 13.1 Details of investments in associates and joint ventures as of December 31, 2021 and 2022, are as follows: December 31, 2021 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 1 15.19 ₩ 259 ₩ 1,622 ₩ 1,622 Investment finance Korea KB-KDBC Pre-IPO 2 66.66 8,801 11,789 11,789 Investment finance Korea KB Star Office Private Real Estate Master Fund No.1 21.05 20,000 26,240 26,240 Investment finance Korea Balhae Infrastructure Company 1 12.61 105,924 99,785 99,785 Investment finance Korea Aju Good Technology Venture Fund 38.46 12,343 22,921 22,921 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 19,835 18,222 Auto loans Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (19,481 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 1 25.14 440 (147 ) — Research, consulting, and big data Korea Paycoms Co., Ltd. 3 11.05 800 181 525 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 633 1,320 Farm product distribution Korea KBSP Private Equity Fund No.4 1 14.95 6,100 5,628 5,628 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 4,497 4,497 Credit information Korea KB Social Impact Investment Fund 30.00 4,500 4,282 4,282 Investment finance Korea KB-Solidus 2 43.33 45,557 48,201 48,898 Investment finance Korea POSCO-KB 31.25 2,776 5,413 5,413 Investment finance Korea KB-TS 2 56.00 14,280 16,828 16,828 Investment finance Korea KB-Brain Scale-up 2 42.55 25,250 29,669 28,919 Investment finance Korea KB-SJ 1 18.52 4,999 4,146 4,146 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 959 959 Investment finance Korea KB-Stonebridge 1 14.56 21,641 21,948 21,948 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 2 37.69 5,795 4,680 4,680 Investment finance Korea KB-UTC 2 44.29 21,375 20,972 20,972 Investment finance Korea WJ Private Equity Fund No.1 26.95 10,000 9,604 9,604 Investment finance Korea All Together Korea Fund No.2 5 99.99 10,000 10,070 10,070 Asset management Korea KB-NAU 1 12.00 13,392 15,254 15,254 Asset management Korea Project Vanilla Co., Ltd. 49.00 2,450 525 525 Investment finance Korea December & Company Inc. 1 16.78 25,330 9,054 21,388 Investment finance Korea 2020 KB Fintech Renaissance Fund 1 5.05 550 618 618 Investment finance Korea KB Material and Parts No.1 PEF 1 14.47 3,400 3,343 3,343 Investment finance Korea FineKB Private Equity Fund No.1 25.00 8,375 8,067 8,067 Investment finance Korea KB Bio Private Equity No.3 Ltd. 1 12.20 10,000 9,950 9,950 Investment finance Korea G payment Joint Stock Company 43.84 9,029 3,175 9,350 Investment advisory and securities trading Vietnam 498 Seventh Owners LLC 6 49.90 166,851 — — Real estate investment United States Smart Korea KB Future9-Sejong Venture Fund 38.46 1,000 962 962 Investment finance Korea KB-KTB 2 50.50 5,600 5,503 5,554 Investment finance Korea KB-SOLIDUS 2 88.23 1,800 1,800 1,800 Investment finance Korea Paramark KB Fund No.1 20.69 2,040 1,850 1,850 Investment finance Korea Others 2,475 81 789 ₩ 598,590 ₩ 410,457 ₩ 448,718 December 31, 2022 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) KB-KDBC Pre-IPO 2 66.66 ₩ 3,601 ₩ 5,978 ₩ 5,978 Investment finance Korea Balhae Infrastructure Company 1 12.61 96,516 90,653 90,617 Investment finance Korea Aju Good Technology Venture Fund 38.47 8,143 19,840 19,836 Investment finance Korea SY Auto Capital Co., Ltd. 49.00 9,800 20,250 19,162 Auto loans Korea Incheon Bridge Co., Ltd. 1 14.99 9,158 (15,963 ) — Operation of highways and related facilities Korea Big Dipper Co., Ltd. 1 17.86 440 60 60 Research, consulting, and big data Korea Paycoms Co., Ltd. 3 12.24 800 201 213 System software publishing Korea Food Factory Co., Ltd. 4 22.22 1,000 696 1,399 Farm product distribution Korea KBSP Private Equity Fund No.4 1 14.95 6,100 1,892 1,892 Investment finance Korea Korea Credit Bureau Co., Ltd. 1 9.00 4,500 4,959 4,959 Credit information Korea KB Social Impact Investment Fund 30.00 4,500 4,266 4,266 Investment finance Korea KB-Solidus 2 43.33 25,927 21,735 22,432 Investment finance Korea POSCO-KB 31.25 1,826 4,798 4,798 Investment finance Korea KB-TS 2 56.00 9,744 13,794 13,794 Investment finance Korea KB-Brain Scale-up 2 42.55 12,450 17,801 17,051 Investment finance Korea KB-SJ 1 18.52 4,599 3,773 3,773 Investment finance Korea UNION Media Commerce Fund 28.99 1,000 957 957 Investment finance Korea KB-Stonebridge 1 14.56 23,801 25,144 25,144 Investment finance Korea KB SPROTT Renewable Private Equity Fund No.1 2 37.69 18,041 16,539 16,539 Investment finance Korea KB-UTC 2 44.29 21,375 19,180 19,180 Investment finance Korea WJ Private Equity Fund No.1 26.95 10,000 9,542 9,542 Investment finance Korea All Together Korea Fund No.2 5 99.99 10,000 10,244 10,244 Asset management Korea KB-NAU 1 12.00 10,006 12,554 12,554 Asset management Korea December & Company Inc. 1 16.78 29,951 3,735 16,029 Investment finance Korea 2020 KB Fintech Renaissance Fund 1 5.05 550 630 630 Investment finance Korea KB Material and Parts No.1 PEF 1 14.47 3,400 3,321 3,321 Investment finance Korea FineKB Private Equity Fund No.1 25.00 12,775 10,483 10,483 Investment finance Korea G payment Joint Stock Company 43.84 9,029 2,917 9,281 Investment advisory and securities trading Vietnam KB-GeneN 22.52 2,000 1,965 1,965 Investment finance Korea KB-BridgePole 1 6.30 850 835 835 Investment finance Korea KB-Kyobo 28.57 3,000 2,826 2,826 Investment finance Korea DA-Friend 27.06 988 949 949 Investment finance Korea Cornerstone Pentastone Fund No.4 21.52 818 792 792 Investment finance Korea SKS-VLP 23.11 1,156 1,121 1,121 Investment finance Korea Star-Lord General Investors Private Real Estate Investment Company No.10 26.24 46,700 45,157 — Real estate investment Korea KB-Badgers 40.91 2,137 1,475 1,475 Investment finance Korea JS Private Equity Fund No.3 20.48 1,700 1,664 1,664 Investment finance Korea Mirae Asset Mobility Investment Fund No.1 22.99 2,000 1,979 1,979 Investment finance Korea KB-FT 1 10.34 2,000 1,970 1,970 Investment finance Korea December 31, 2022 Ownership Acquisition Share of net Carrying Industry Location (In millions of Korean won) Glenwood Credit Private Equity Fund No.2 29.89 42,000 43,468 43,468 Investment finance Korea THE CHAEUL FUND NO.1 31.25 1,000 989 989 Investment finance Korea Smart Korea KB Future9-Sejong Venture Fund 38.46 2,000 1,870 1,870 Investment finance Korea KB-KTB 2 50.90 16,800 16,256 16,256 Investment finance Korea KB-SOLIDUS 2 88.23 19,800 18,651 18,651 Investment finance Korea Paramark KB Fund No.1 17.34 12,199 10,966 10,966 Investment finance Korea KB Co-Investment 1 7.12 7,268 7,269 7,233 Investment finance Korea POSITIVE Sobujang Venture Fund No.1 43.96 2,000 1,977 1,977 Investment finance Korea History 2022 Fintech Fund 34.78 2,000 1,981 1,981 Investment finance Korea PEBBLES-MW st 23.26 2,000 1,982 1,982 Investment finance Korea KB-NP 29.85 9,350 9,043 9,043 Investment finance Korea TMAP Mobility Co., Ltd. 1 8.25 200,000 61,518 194,455 Application software development and supply Korea Nextrade Co., Ltd. 1 6.64 9,700 9,700 9,700 Investment finance Korea Shinhan Global Mobility Fund1 24.56 1,345 1,345 1,345 Investment finance Korea SKB Next Unicorn K-Battery 24.84 1,995 1,995 1,995 Investment finance Korea Others 2,029 (741 ) 1,049 ₩ 743,867 ₩ 558,981 ₩ 682,670 1 As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. 2 In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative 3 The ownership of Paycoms Co., Ltd. would be 21.84% and 21.68% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. 4 The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. 5 As of December 31, 2021 and 2022, the Group participates in the investment management committee but cannot exercise control. 6 The investment was classified as assets of a disposal group held for sale as of December 31, 2021. |
Disclosure Of Reconciliation Of Summarised Financial Information Of Associate Accounted For Using Equity Method To Carrying Amount Of Interest In Associate Explanatory | 13.2 Condensed financial information, adjustments to the carrying amount, and dividend from major investments in associates and joint ventures as of and for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 * Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 10,678 ₩ 3 ₩ 4,015 ₩ 10,675 ₩ 1,622 ₩ — ₩ 1,622 KB-KDBC Pre-IPO 18,069 385 13,200 17,684 11,789 — 11,789 KB Star Office Private Real Estate Master Fund No.1 247,259 122,620 95,000 124,639 26,240 — 26,240 Balhae Infrastructure Company 853,961 62,336 840,323 791,625 99,785 — 99,785 Aju Good Technology Venture Fund 64,303 4,703 32,100 59,600 22,921 — 22,921 SY Auto Capital Co., Ltd. 88,144 47,665 20,000 40,479 19,835 (1,613 ) 18,222 Incheon Bridge Co., Ltd. 560,570 690,530 61,096 (129,960 ) (19,481 ) 19,481 — Big Dipper Co., Ltd. 143 748 1,750 (605 ) (147 ) 147 — Paycoms Co., Ltd. 3,597 1,960 855 1,637 181 344 525 Food Factory Co., Ltd. 8,332 5,482 450 2,850 633 687 1,320 KBSP Private Equity Fund No.4 37,646 5 40,800 37,641 5,628 — 5,628 Korea Credit Bureau Co., Ltd. 128,297 78,328 10,000 49,969 4,497 — 4,497 KB Social Impact Investment Fund 14,431 157 15,000 14,274 4,282 — 4,282 KB-Solidus 112,358 1,126 68,400 111,232 48,201 697 48,898 POSCO-KB 17,754 432 8,880 17,322 5,413 — 5,413 KB-TS 35,279 5,228 25,500 30,051 16,828 — 16,828 KB-Brain Scale-up 69,943 221 61,100 69,722 29,669 (750 ) 28,919 KB-SJ 22,947 557 27,000 22,390 4,146 — 4,146 UNION Media Commerce Fund 3,318 10 3,450 3,308 959 — 959 KB-Stonebridge 151,004 316 148,587 150,688 21,948 — 21,948 KB SPROTT Renewable Private Equity Fund No.1 13,886 1,467 15,376 12,419 4,680 — 4,680 KB-UTC 47,848 497 48,260 47,351 20,972 — 20,972 WJ Private Equity Fund No.1 35,799 170 37,100 35,629 9,604 — 9,604 All Together Korea Fund No.2 10,073 1 10,002 10,072 10,070 — 10,070 KB-NAU 127,960 844 111,600 127,116 15,254 — 15,254 Project Vanilla Co., Ltd. 1,283 211 5,000 1,072 525 — 525 December & Company Inc. 71,219 17,276 37,241 53,943 9,054 12,334 21,388 2020 KB Fintech Renaissance Fund 12,252 5 10,900 12,247 618 — 618 KB Material and Parts No.1 PEF 23,104 — 23,500 23,104 3,343 — 3,343 FineKB Private Equity Fund No.1 32,583 315 33,500 32,268 8,067 — 8,067 KB Bio Private Equity No.3 Ltd. 81,691 101 82,000 81,590 9,950 — 9,950 G payment Joint Stock Company 7,797 557 2,950 7,240 3,175 6,175 9,350 Smart Korea KB Future9-Sejong Venture Fund 2,581 81 2,600 2,500 962 — 962 KB-KTB 11,008 101 11,000 10,907 5,503 51 5,554 KB-SOLIDUS 2,040 — 2,040 2,040 1,800 — 1,800 Paramark KB Fund No.1 8,943 3 9,860 8,940 1,850 — 1,850 2021* Operating revenue Net (loss) Other comprehensive income (loss) Total comprehensive income (loss) Dividends (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 4,594 ₩ 4,180 ₩ — ₩ 4,180 ₩ — KB-KDBC Pre-IPO 530 120 — 120 — KB Star Office Private Real Estate Master Fund No.1 18 (127 ) — (127 ) 963 Balhae Infrastructure Company 97,833 19,559 — 19,559 9,121 Aju Good Technology Venture Fund 22,486 15,407 — 15,407 — SY Auto Capital Co., Ltd. 14,316 2,193 104 2,297 — Incheon Bridge Co., Ltd. 84,068 (16,219 ) — (16,219 ) — Big Dipper Co., Ltd. 939 (583 ) — (583 ) — Paycoms Co., Ltd. 1,515 857 — 857 — Food Factory Co., Ltd. 8,853 354 — 354 — KBSP Private Equity Fund No.4 (1,358 ) (2,154 ) — (2,154 ) — Korea Credit Bureau Co., Ltd. 128,150 (27,327 ) — (27,327 ) 90 KB Social Impact Investment Fund 7 (306 ) — (306 ) — KB-Solidus 18,782 13,396 — 13,396 — POSCO-KB 1,880 376 — 376 — KB-TS 2,094 (1,151 ) — (1,151 ) — KB-Brain Scale-up 14,244 8,495 — 8,495 — KB-SJ 170 (2,631 ) — (2,631 ) — UNION Media Commerce Fund — (3 ) — (3 ) — KB-Stonebridge 55,572 54,053 — 54,053 9,895 KB SPROTT Renewable Private Equity Fund No.1 — (983 ) — (983 ) — KB-UTC 1,080 32 — 32 — WJ Private Equity Fund No.1 291 (398 ) — (398 ) — All Together Korea Fund No.2 53 47 — 47 — KB-NAU 20,594 16,252 — 16,252 — Project Vanilla Co., Ltd. — (3,231 ) — (3,231 ) — December & Company Inc. 3,982 (20,767 ) — (20,767 ) — 2020 KB Fintech Renaissance Fund 1,566 1,411 — 1,411 — KB Material and Parts No.1 PEF 451 42 — 42 34 FineKB Private Equity Fund No.1 2 (1,155 ) — (1,155 ) — KB Bio Private Equity No.3 Ltd. 4 (410 ) — (410 ) — G payment Joint Stock Company 819 (762 ) — (762 ) — Smart Korea KB Future9-Sejong Venture Fund 2 (100 ) — (100 ) — KB-KTB 8 (93 ) — (93 ) — KB-SOLIDUS — — — — — Paramark KB Fund No.1 — (920 ) — (920 ) — December 31, 2022* Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) KB-KDBC Pre-IPO ₩ 9,226 ₩ 260 ₩ 5,400 ₩ 8,966 ₩ 5,978 ₩ — ₩ 5,978 Balhae Infrastructure Company 781,317 62,422 765,686 718,895 90,653 (36 ) 90,617 Aju Good Technology Venture Fund 58,749 7,171 21,180 51,578 19,840 (4 ) 19,836 SY Auto Capital Co., Ltd. 85,077 43,749 20,000 41,328 20,250 (1,088 ) 19,162 Incheon Bridge Co., Ltd. 554,738 661,227 61,096 (106,489 ) (15,963 ) 15,963 — Big Dipper Co., Ltd. 642 308 493 334 60 — 60 Paycoms Co., Ltd. 3,781 2,032 926 1,749 201 12 213 Food Factory Co., Ltd. 8,599 5,468 450 3,131 696 703 1,399 KBSP Private Equity Fund No.4 13,432 776 40,800 12,656 1,892 — 1,892 Korea Credit Bureau Co., Ltd. 155,165 100,065 10,000 55,100 4,959 — 4,959 December 31, 2022* Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) KB Social Impact Investment Fund 14,658 439 15,000 14,219 4,266 — 4,266 KB-Solidus 50,796 639 23,100 50,157 21,735 697 22,432 POSCO-KB 15,675 321 5,840 15,354 4,798 — 4,798 KB-TS 30,346 5,714 17,400 24,632 13,794 — 13,794 KB-Brain Scale-up 42,538 705 31,020 41,833 17,801 (750 ) 17,051 KB-SJ 20,926 551 24,840 20,375 3,773 — 3,773 UNION Media Commerce Fund 3,319 18 3,450 3,301 957 — 957 KB-Stonebridge 172,979 349 163,413 172,630 25,144 — 25,144 KB SPROTT Renewable Private Equity Fund No.1 44,880 996 47,868 43,884 16,539 — 16,539 KB-UTC 44,111 809 48,260 43,302 19,180 — 19,180 WJ Private Equity Fund No.1 35,561 161 37,100 35,400 9,542 — 9,542 All Together Korea Fund No.2 10,246 1 10,001 10,245 10,244 — 10,244 KB-NAU 102,827 498 81,100 102,329 12,554 — 12,554 December & Company Inc. 35,602 13,271 37,367 22,331 3,735 12,294 16,029 2020 KB Fintech Renaissance Fund 12,529 38 10,900 12,491 630 — 630 KB Material and Parts No.1 PEF 22,953 2 23,500 22,951 3,321 — 3,321 FineKB Private Equity Fund No.1 43,759 1,828 51,100 41,931 10,483 — 10,483 G payment Joint Stock Company 10,177 3,523 2,950 6,654 2,917 6,364 9,281 KB-GeneN 8,770 48 8,880 8,722 1,965 — 1,965 KB-BridgePole 13,331 73 13,500 13,258 835 — 835 KB-Kyobo 9,932 40 10,500 9,892 2,826 — 2,826 DA-Friend 3,527 21 3,650 3,506 949 — 949 Cornerstone Pentastone Fund No.4 3,704 23 3,800 3,681 792 — 792 SKS-VLP 4,855 2 5,001 4,853 1,121 — 1,121 Star-Lord General Investors Private Real Estate Investment Company No.10 585,401 413,283 178,000 172,118 45,157 (45,157 ) — KB-Badgers 3,607 — 5,225 3,607 1,475 — 1,475 JS Private Equity Fund No.3 8,126 1 8,300 8,125 1,664 — 1,664 Mirae Asset Mobility Investment Fund No.1 8,683 73 8,700 8,610 1,979 — 1,979 KB-FT 19,051 — 19,345 19,051 1,970 — 1,970 Glenwood Credit Private Equity Fund No.2 145,787 376 140,500 145,411 43,468 — 43,468 THE CHAEUL FUND NO.1 3,166 — 3,200 3,166 989 — 989 Smart Korea KB Future9-Sejong Venture Fund 4,862 — 5,200 4,862 1,870 — 1,870 KB-KTB 32,214 280 33,000 31,934 16,256 — 16,256 KB-SOLIDUS 21,483 345 22,440 21,138 18,651 — 18,651 Paramark KB Fund No.1 63,260 22 70,169 63,238 10,966 — 10,966 KB Co-Investment 101,771 198 102,067 101,573 7,269 (36 ) 7,233 December 31, 2022* Total assets Total Paid-in Equity Share of net Unrealized gains and others Consolidated amount (In millions of Korean won) POSITIVE Sobujang Venture Fund No.1 4,521 23 4,550 4,498 1,977 — 1,977 History 2022 Fintech Fund 5,695 — 5,750 5,695 1,981 — 1,981 PEBBLES-MW st 8,562 40 8,600 8,522 1,982 — 1,982 KB-NP 31,838 638 32,260 31,200 9,043 — 9,043 TMAP Mobility Co., Ltd. 920,597 174,696 8,677 745,901 61,518 132,937 194,455 Nextrade Co., Ltd. 146,100 — 146,100 146,100 9,700 — 9,700 Shinhan Global Mobility Fund1 5,474 — 5,700 5,474 1,345 — 1,345 SKB Next Unicorn K-Battery 5,705 14 5,691 5,691 1,995 — 1,995 2022* Operating revenue Net profit (loss) Other comprehensive income (loss) Total comprehensive income (loss) Dividends (In millions of Korean won) KB-KDBC Pre-IPO ₩ 1,699 ₩ (917 ) ₩ — ₩ (917 ) ₩ — Balhae Infrastructure Company 100,720 133,964 — 133,964 16,646 Aju Good Technology Venture Fund 22,381 6,018 — 6,018 1,200 SY Auto Capital Co., Ltd. 11,569 474 374 848 — Incheon Bridge Co., Ltd. 130,456 23,754 — 23,754 — Big Dipper Co., Ltd. 834 (672 ) — (672 ) — Paycoms Co., Ltd. 1,266 399 — 399 — Food Factory Co., Ltd. 9,059 605 — 605 — KBSP Private Equity Fund No.4 6 (24,985 ) — (24,985 ) — Korea Credit Bureau Co., Ltd. 144,906 13,809 — 13,809 — KB Social Impact Investment Fund 240 (55 ) — (55 ) — KB-Solidus 2,952 (15,775 ) — (15,775 ) — POSCO-KB 1,721 1,072 — 1,072 — KB-TS 1,043 2,682 — 2,682 — KB-Brain Scale-up 11,851 1,541 — 1,541 — KB-SJ 719 145 — 145 — UNION Media Commerce Fund — (8 ) — (8 ) — KB-Stonebridge 22,445 20,887 — 20,887 2,006 KB SPROTT Renewable Private Equity Fund No.1 — (1,020 ) — (1,020 ) — KB-UTC — (905 ) (1,647 ) (2,552 ) — WJ Private Equity Fund No.1 430 (229 ) — (229 ) — All Together Korea Fund No.2 179 173 — 173 — KB-NAU 21,470 5,713 — 5,713 — December & Company Inc. 868 (32,002 ) — (32,002 ) — 2020 KB Fintech Renaissance Fund 395 243 — 243 — KB Material and Parts No.1 PEF 451 83 — 83 34 2022* Operating revenue Net profit (loss) Other comprehensive income (loss) Total comprehensive income (loss) Dividends (In millions of Korean won) FineKB Private Equity Fund No.1 14,244 (7,938 ) — (7,938 ) — G payment Joint Stock Company 3,401 (831 ) — (831 ) — KB-GeneN 1 (158 ) — (158 ) — KB-BridgePole 4 (242 ) — (242 ) — KB-Kyobo 2 (608 ) — (608 ) — DA-Friend — (144 ) — (144 ) — Cornerstone Pentastone Fund No.4 — (119 ) — (119 ) — SKS-VLP 1 (148 ) — (148 ) — Star-Lord General Investors Private Real Estate Investment Company No.10 16,792 (4,254 ) — (4,254 ) — KB-Badgers — (1,618 ) — (1,618 ) — JS Private Equity Fund No.3 — (175 ) — (175 ) — Mirae Asset Mobility Investment Fund No.1 9 (90 ) — (90 ) — KB-FT 5 (294 ) — (294 ) — Glenwood Credit Private Equity Fund No.2 5,286 4,911 — 4,911 — THE CHAEUL FUND NO.1 — (34 ) — (34 ) — Smart Korea KB Future9-Sejong Venture Fund 13 (236 ) — (236 ) — KB-KTB 134 (973 ) — (973 ) — KB-SOLIDUS 14 (1,302 ) — (1,302 ) — Paramark KB Fund No.1 581 (6,010 ) — (6,010 ) — KB Co-Investment 14 (494 ) — (494 ) — POSITIVE Sobujang Venture Fund No.1 1 (52 ) — (52 ) — History 2022 Fintech Fund — (55 ) — (55 ) — PEBBLES-MW st — (78 ) — (78 ) — KB-NP 19 (1,059 ) — (1,059 ) — TMAP Mobility Co., Ltd. 139,792 (132,476 ) — (132,476 ) — Nextrade Co., Ltd. — — — — — Shinhan Global Mobility Fund1 — (226 ) — (226 ) — SKB Next Unicorn K-Battery 1 — — — — * The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments, such as fair value adjustments recognized at the time of acquisition and adjustments for differences in accounting policies. |
Schedule Of Changes Investments In Associates | 13.3 Changes in carrying amount of investments in associates and joint ventures for the years ended December 31, 2021 and 2022, are as follows: 2021 1 Beginning Acquisition and others Disposal and others Dividends Gains (losses) on method accounting Other hensive income (loss) Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,279 ₩ — ₩ (292 ) ₩ — ₩ 635 ₩ — ₩ 1,622 KB GwS Private Securities Investment Trust 141,359 — (141,359 ) — — — — KB-KDBC Pre-IPO 16,042 — (4,800 ) — 547 — 11,789 KB Star Office Private Real Estate Master Fund No.1 20,066 — — (963 ) 7,137 — 26,240 Balhae Infrastructure Company 106,624 280 (463 ) (9,121 ) 2,465 — 99,785 Aju Good Technology Venture Fund 21,348 — (4,770 ) — 6,343 — 22,921 SY Auto Capital Co., Ltd. 16,144 — — — 2,027 51 18,222 Incheon Bridge Co., Ltd. — — — — — — — Big Dipper Co., Ltd. — — — — — — — Paycoms Co., Ltd. 198 — — — 327 — 525 Food Factory Co., Ltd. 1,281 — — — 7 32 1,320 KBSP Private Equity Fund No.4 5,950 — — — (322 ) — 5,628 KB Private Equity Fund No.3 94 — (13 ) (81 ) — — — Korea Credit Bureau Co., Ltd. 7,153 — — (90 ) (2,566 ) — 4,497 KoFC POSCO Hanwha KB Shared Growth Private Equity Fund No.2 9,845 — (9,725 ) (2,120 ) 2,000 — — Keystone-Hyundai Securities No.1 Private Equity Fund 1,556 — (1,044 ) (512 ) — — — KB Social Impact Investment Fund 2,874 1,500 — — (92 ) — 4,282 KB-Solidus 46,213 — (3,120 ) — 5,805 — 48,898 POSCO-KB 12,895 — (7,599 ) — 117 — 5,413 KB-TS 17,630 3,080 (5,376 ) — 1,494 — 16,828 KB-Brain Scale-up 26,763 10,000 (10,800 ) — 2,956 — 28,919 KB-SJ 4,133 499 — — (486 ) — 4,146 UNION Media Commerce Fund 960 — — — (1 ) — 959 KB-Stonebridge 16,636 13,257 (5,924 ) (9,895 ) 7,874 — 21,948 KB SPROTT Renewable Private Equity Fund No.1 5,049 — — — (369 ) — 4,680 KB-UTC 16,999 5,085 (1,126 ) — 14 — 20,972 WJ Private Equity Fund No.1 9,711 — — — (107 ) — 9,604 All Together Korea Fund No.2 10,023 — — — 47 — 10,070 KB-NAU 5,611 7,692 — — 1,951 — 15,254 JR Global REIT 215,854 — (209,250 ) (6,604 ) — — — Project Vanilla Co., Ltd. 2,151 — — — (1,626 ) — 525 December & Company Inc. 24,402 481 — — (3,507 ) 12 21,388 2020 KB Fintech Renaissance Fund 547 — — — 71 — 618 KB Material and Parts No.1 PEF 3,371 — — (34 ) 6 — 3,343 FineKB Private Equity Fund No.1 — 8,375 — — (308 ) — 8,067 KB Bio Private Equity No.3 Ltd. — 10,000 — — (50 ) — 9,950 K The 15th REIT Co., Ltd. — 8,600 (8,600 ) — — — — G payment Joint Stock Company — 9,684 — — (334 ) — 9,350 498 Seventh Owners LLC 2 — 172,907 (169,424 ) (3,483 ) — — — Smart Korea KB Future9-Sejong Venture Fund — 1,000 — — (38 ) — 962 KB-KTB — 5,601 — — (47 ) — 5,554 KB-SOLIDUS — 1,800 — — — — 1,800 Paramark KB Fund No.1 — 2,040 — — (190 ) — 1,850 Others 674 — — — (303 ) 418 789 ₩ 771,435 ₩ 261,881 ₩ (583,685 ) ₩ (32,903 ) ₩ 31,477 ₩ 513 ₩ 448,718 2022 1 Beginning Acquisition and others Disposal and others Dividends Gains (losses) on method accounting Other hensive income (loss) Ending (In millions of Korean won) KB Pre IPO Secondary Venture Fund No.1 ₩ 1,622 ₩ — ₩ (1,429 ) ₩ — ₩ (193 ) ₩ — ₩ — KB-KDBC Pre-IPO 11,789 — (5,200 ) — (611 ) — 5,978 KB Star Office Private Real Estate Master Fund No.1 26,240 — (5,960 ) (20,280 ) — — — Balhae Infrastructure Company 99,785 — (9,408 ) (16,646 ) 16,886 — 90,617 Incheon Bridge Co., Ltd. — — — — — — — Aju Good Technology Venture Fund 22,921 — (4,200 ) (1,200 ) 2,315 — 19,836 SY Auto Capital Co., Ltd. 18,222 — — — 757 183 19,162 Big Dipper Co., Ltd. — 291 — — (231 ) — 60 Paycoms Co., Ltd. 525 — — — (312 ) — 213 Food Factory Co., Ltd. 1,320 — — — 132 (53 ) 1,399 KBSP Private Equity Fund No.4 5,628 — — — (3,736 ) — 1,892 Korea Credit Bureau Co., Ltd. 4,497 — — — 462 — 4,959 KB Social Impact Investment Fund 4,282 — — — (16 ) — 4,266 KB-Solidus 48,898 — (19,630 ) — (6,836 ) — 22,432 POSCO-KB 5,413 — (950 ) — 335 — 4,798 KB-TS 16,828 — (4,536 ) — 1,502 — 13,794 KB-Brain Scale-up 28,919 — (12,800 ) — 932 — 17,051 KB-SJ 4,146 — (400 ) — 27 — 3,773 UNION Media Commerce Fund 959 — — — (2 ) — 957 KB-Stonebridge 21,948 4,370 (2,210 ) (2,006 ) 3,042 — 25,144 KB SPROTT Renewable Private Equity Fund No.1 4,680 12,246 — — (387 ) — 16,539 KB-UTC 20,972 — — — (1,306 ) (486 ) 19,180 WJ Private Equity Fund No.1 9,604 — — — (62 ) — 9,542 All Together Korea Fund No.2 10,070 — — — 174 — 10,244 KB-NAU 15,254 1,320 (4,706 ) — 686 — 12,554 Project Vanilla Co., Ltd. 525 — (525 ) — — — — December & Company Inc. 21,388 — (49 ) — (5,353 ) 43 16,029 2020 KB Fintech Renaissance Fund 618 — — — 12 — 630 KB Material and Parts No.1 PEF 3,343 — — (34 ) 12 — 3,321 FineKB Private Equity Fund No.1 8,067 7,500 (3,100 ) — (1,984 ) — 10,483 KB Bio Private Equity No.3 Ltd. 9,950 — (3,922 ) (6,028 ) — — — G payment Joint Stock Company 9,350 295 — — (364 ) — 9,281 Apollo REIT PropCo LLC — 19,968 (19,968 ) — — — — KB-GeneN — 2,000 — — (35 ) — 1,965 KB-BridgePole — 850 — — (15 ) — 835 KB-Kyobo — 3,000 — — (174 ) — 2,826 DA-Friend — 988 — — (39 ) — 949 Cornerstone Pentastone Fund No.4 — 818 — — (26 ) — 792 SKS-VLP — 1,156 — — (35 ) — 1,121 Star-Lord General Investors Private Real Estate Investment Company No.10 — 46,700 — — (46,700 ) — — KB-Badgers — 2,137 — — (662 ) — 1,475 JS Private Equity Fund No.3 — 1,700 — — (36 ) — 1,664 Mirae Asset Mobility Investment Fund No.1 — 2,000 — — (21 ) — 1,979 KB-FT — 2,000 — — (30 ) — 1,970 Glenwood Credit Private Equity Fund No.2 — 42,000 — — 1,468 — 43,468 THE CHAEUL FUND NO.1 — 1,000 — — (11 ) — 989 Smart Korea KB Future9-Sejong Venture Fund 962 1,000 — — (92 ) — 1,870 KB-KTB 5,554 11,200 — — (498 ) — 16,256 KB-SOLIDUS 1,800 18,000 — — (1,149 ) — 18,651 Paramark KB Fund No.1 1,850 12,444 (2,285 ) — (1,043 ) — 10,966 KB Co-Investment — 7,268 — — (35 ) — 7,233 POSITIVE Sobujang Venture Fund No.1 — 2,000 — — (23 ) — 1,977 History 2022 Fintech Fund — 2,000 — — (19 ) — 1,981 PEBBLES-MW st — 2,000 — — (18 ) — 1,982 KB-NP — 9,350 — — (307 ) — 9,043 TMAP Mobility Co., Ltd. — 200,000 — — (5,797 ) 252 194,455 Nextrade Co., Ltd. — 9,700 — — — — 9,700 Shinhan Global Mobility Fund1 — 1,345 — — — — 1,345 SKB Next Unicorn K-Battery — 1,995 — — — — 1,995 Others 789 50 (43 ) — 75 178 1,049 ₩ 448,718 ₩ 430,691 ₩ (101,321 ) ₩ (46,194 ) ₩ (49,341 ) ₩ 117 ₩ 682,670 1 Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million for the years ended December 31, 2021 and 2022, respectively. 2 The investment was classified as assets of a disposal group held for sale as of December 31, 2021. |
Schedule Of Accumulated Unrecognized Share Of Losses Investment In Associates | 13.4 Unrecognized share of losses of investments in associates and joint ventures due to the discontinuation of recognizing share of losses, for the years ended December 31, 2021 and 2022, and accumulated amount of unrecognized losses as of December 31, 2021 and 2022, are as follows: Unrecognized losses for the period Accumulated unrecognized losses 2021 2022 December 31, 2021 December 31, 2022 (In millions of Korean won) DSMETAL Co., Ltd. ₩ 38 ₩ — ₩ 103 ₩ 103 Incheon Bridge Co., Ltd. 1,381 (3,518 ) 19,481 15,963 Jungdong Steel Co., Ltd. — — 489 489 Shinla Construction Co., Ltd. — — 183 183 Jaeyang Industry Co., Ltd. — — 30 30 Terra Corporation — — 14 14 Jungdo Co., Ltd. 239 (8 ) 551 543 Jinseung Tech Co., Ltd. 12 (15 ) 33 18 Korea NM Tech Co., Ltd. — 3 28 31 Chongil Machine & Tools Co., Ltd. 49 7 68 75 Skydigital Inc. 68 3 174 177 Imt Technology Co., Ltd. (3 ) — — — Jo Yang Industrial Co., Ltd. 9 8 105 113 IDTECK Co., Ltd. (72 ) (144 ) 144 — MJT&I Corp. 152 1 152 153 Dae-A 202 310 202 512 Il-Kwang 160 (2 ) 160 158 Inter Shipping Co., Ltd. 117 1,022 117 1,139 Dongjo Co., Ltd — 696 — 696 Iwon Alloy Co., Ltd. — 19 — 19 Chunsung-meat co., ltd. — 24 — 24 ALTSCS CO., LTD. — 1 — 1 RAND Bio Science Co., Ltd. 309 231 309 540 Star-Lord General Investors Private Real Estate Investment Company No.10 — 9,741 — 9,741 ₩ 2,661 ₩ 8,379 ₩ 22,343 ₩ 30,722 |
Property and Equipment and Inve
Property and Equipment and Investment Properties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Property Plant And Equipment And Investment Property [Abstract] | |
Disclosure Of Detailed Information About Property Plant And Equipment Explanatory | 14.1.1 Details of property and equipment as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,548,185 ₩ — ₩ (4 ) ₩ 2,548,181 Buildings 2,534,134 (851,730 ) (5,747 ) 1,676,657 Leasehold improvements 977,853 (889,602 ) — 88,251 Equipment and vehicles 2,093,461 (1,782,278 ) — 311,183 Construction in-progress 39,579 — — 39,579 Right-of-use 1,301,864 (725,817 ) — 576,047 ₩ 9,495,076 ₩ (4,249,427 ) ₩ (5,751 ) ₩ 5,239,898 December 31, 2022 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 2,416,730 ₩ — ₩ (4 ) ₩ 2,416,726 Buildings 2,426,317 (839,137 ) (5,747 ) 1,581,433 Leasehold improvements 1,020,095 (943,711 ) — 76,384 Equipment and vehicles 2,070,374 (1,766,036 ) — 304,338 Construction in-progress 28,045 — — 28,045 Right-of-use 1,440,686 (856,145 ) — 584,541 ₩ 9,402,247 ₩ (4,405,029 ) ₩ (5,751 ) ₩ 4,991,467 14.1.2 Changes in property and equipment for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition Transfer 1 Disposal Depreciation 2 Business combination Others 3 Ending (In millions of Korean won) Land ₩ 2,610,586 ₩ 1,106 ₩ (81,690 ) ₩ (11,399 ) ₩ — ₩ — ₩ 29,578 ₩ 2,548,181 Buildings 1,771,582 2,412 (79,802 ) 6,213 (69,118 ) — 45,370 1,676,657 Leasehold improvements 95,827 13,079 40,148 (891 ) (61,294 ) — 1,382 88,251 Equipment and vehicles 340,658 153,459 2,488 (1,819 ) (187,918 ) 537 3,778 311,183 Construction in-progress 44,190 129,682 (99,763 ) (8,435 ) — — (26,095 ) 39,579 Right-of-use assets 570,711 614,069 (9 ) (324,104 ) (288,980 ) 20 4,340 576,047 ₩ 5,433,554 ₩ 913,807 ₩ (218,628 ) ₩ (340,435 ) ₩ (607,310 ) ₩ 557 ₩ 58,353 ₩ 5,239,898 2022 Beginning Acquisition Transfer 1 Disposal Depreciation 2 Business combination Others 3 Ending (In millions of Korean won) Land ₩ 2,548,181 ₩ 678 ₩ (117,290 ) ₩ (7,223 ) ₩ — ₩ — ₩ (7,620 ) ₩ 2,416,726 Buildings 1,676,657 12,867 (39,460 ) (7,860 ) (66,044 ) — 5,273 1,581,433 Leasehold improvements 88,251 12,533 36,379 (455 ) (60,129 ) 8 (203 ) 76,384 Equipment and vehicles 311,183 159,109 1,899 (1,795 ) (170,529 ) 30 4,441 304,338 Construction in-progress 39,579 110,378 (121,306 ) (397 ) — — (209 ) 28,045 Right-of-use assets 576,047 682,393 (2,640 ) (416,712 ) (296,509 ) — 41,962 584,541 ₩ 5,239,898 ₩ 977,958 ₩ (242,418 ) ₩ (434,442 ) ₩ (593,211 ) ₩ 38 ₩ 43,644 ₩ 4,991,467 1 Includes transfers with investment properties and assets held for sale. 2 Includes depreciation expenses amounting to ₩ 196 million and ₩ 255 million recorded as other operating expenses and others for the years ended December 31, 2021 and 2022, respectively. 3 Includes net exchange difference. 14.1.3 Changes in accumulated impairment losses of property and equipment for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (6,877 ) ₩ — ₩ — ₩ 1,126 ₩ (5,751 ) 2022 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of property and equipment ₩ (5,751 ) ₩ — ₩ — ₩ — ₩ (5,751 ) |
Disclosure Of Detailed Information About Investment Property Explanatory | 14.2.1 Details of investment properties as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,577,800 ₩ — ₩ (447 ) ₩ 1,577,353 Buildings 1,089,761 (147,307 ) (4,863 ) 937,591 ₩ 2,667,561 ₩ (147,307 ) ₩ (5,310 ) ₩ 2,514,944 December 31, 2022 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Land ₩ 1,496,007 ₩ — ₩ (478 ) ₩ 1,495,529 Buildings 1,783,438 (125,428 ) (5,199 ) 1,652,811 ₩ 3,279,445 ₩ (125,428 ) ₩ (5,677 ) ₩ 3,148,340 14.2.3 Changes in investment properties for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition Transfer* Disposal Depreciation Others Ending (In millions of Korean won) Land ₩ 1,568,098 ₩ 28,568 ₩ 22,410 ₩ (63,546 ) ₩ — ₩ 21,823 ₩ 1,577,353 Buildings 965,441 90,393 1,802 (112,159 ) (28,933 ) 21,047 937,591 ₩ 2,533,539 ₩ 118,961 ₩ 24,212 ₩ (175,705 ) ₩ (28,933 ) ₩ 42,870 ₩ 2,514,944 2022 Beginning Acquisition Transfer* Disposal Depreciation Others Ending (In millions of Korean won) Land ₩ 1,577,353 ₩ 387,282 ₩ (64,630 ) ₩ (414,335 ) ₩ — ₩ 9,859 ₩ 1,495,529 Buildings 937,591 880,545 (62,186 ) (153,562 ) (38,156 ) 88,579 1,652,811 ₩ 2,514,944 ₩ 1,267,827 ₩ (126,816 ) ₩ (567,897 ) ₩ (38,156 ) ₩ 98,438 ₩ 3,148,340 * Includes transfers with property and equipment and assets held for sale. |
Schedule Of Fair Value Of Investment Property | 14.2.2 Valuation techniques and inputs used to measure the fair value of investment properties as of December 31, 2022, are as follows: December 31, 2022 Fair value Valuation techniques Inputs (In millions of Korean won) Land and buildings ₩ 194,157 Cost approach method - Price per square meter - Replacement cost 1,514,800 Market comparison method - Price per square meter 1,527,096 Discounted cash flow - Prospective rental market growth rate - Period of vacancy - Rental ratio - Discount rate and others 233,850 Income approach method - Discount rate - Capitalization rate - Vacancy rate Fair value of investment properties amounts to ₩ 2,712,402 million and ₩ 3,469,903 million as of December 31, 2021 and 2022, respectively. Investment properties are measured by qualified independent appraisers with recent experience in valuing similar properties in the same area. In addition, all investment properties are classified as Level 3 in accordance with fair value hierarchy in Note 6.1.2. Rental income from above investment properties amounts to ₩ 123,313 million and ₩ 136,493 million for the years ended December 31, 2021 and 2022, respectively. |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about intangible assets [abstract] | |
Disclosure of intangible assets and goodwill [text block] | 15.1 Details of intangible assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 887,259 ₩ — ₩ (70,517 ) ₩ (10,335 ) ₩ 806,407 Other intangible assets 5,227,231 (2,732,394 ) (34,887 ) — 2,459,950 ₩ 6,114,490 ₩ (2,732,394 ) ₩ (105,404 ) ₩ (10,335 ) ₩ 3,266,357 December 31, 2022 Acquisition cost Accumulated Accumulated Others Carrying amount (In millions of Korean won) Goodwill ₩ 903,003 ₩ — ₩ (70,517 ) ₩ 12,669 ₩ 845,155 Other intangible assets 5,537,835 (3,149,825 ) (32,766 ) — 2,355,244 ₩ 6,440,838 ₩ (3,149,825 ) ₩ (103,283 ) ₩ 12,669 ₩ 3,200,399 15.3 Changes in accumulated impairment losses of goodwill for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) 2022 Beginning Impairment Others Ending (In millions of Korean won) Accumulated impairment losses of goodwill ₩ (70,517 ) ₩ — ₩ — ₩ (70,517 ) 15.5 Details of intangible assets other than goodwill as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 3,056 ₩ (1,953 ) ₩ — ₩ 1,103 Software 1,996,646 (1,417,705 ) — 578,941 Other intangible assets 797,107 (365,473 ) (34,887 ) 396,747 VOBA 2,395,291 (915,746 ) — 1,479,545 Right-of-use 35,131 (31,517 ) — 3,614 ₩ 5,227,231 ₩ (2,732,394 ) ₩ (34,887 ) ₩ 2,459,950 December 31, 2022 Acquisition cost Accumulated Accumulated Carrying (In millions of Korean won) Industrial property rights ₩ 4,740 ₩ (2,913 ) ₩ (716 ) ₩ 1,111 Software 2,260,879 (1,640,631 ) — 620,248 Other intangible assets 841,785 (420,381 ) (32,050 ) 389,354 VOBA 2,395,291 (1,053,362 ) — 1,341,929 Right-of-use 35,140 (32,538 ) — 2,602 ₩ 5,537,835 ₩ (3,149,825 ) ₩ (32,766 ) ₩ 2,355,244 15.6 Changes in intangible assets other than goodwill for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition & Disposal Amortization 1 Business combination Others Ending (In millions of Korean won) Industrial property rights ₩ 2,347 ₩ 207 ₩ (1,080 ) ₩ (371 ) ₩ — ₩ — ₩ 1,103 Software 573,186 219,128 (838 ) (216,073 ) 8,742 (5,204 ) 578,941 Other intangible assets 2 371,773 100,460 (16,907 ) (59,761 ) — 1,182 396,747 VOBA 1,635,619 — — (156,074 ) — — 1,479,545 Right-of-use 4,626 — — (1,012 ) — — 3,614 ₩ 2,587,551 ₩ 319,795 ₩ (18,825 ) ₩ (433,291 ) ₩ 8,742 ₩ (4,022 ) ₩ 2,459,950 2022 Beginning Acquisition & Disposal Amortization 1 Others Ending (In millions of Korean won) Industrial property rights ₩ 1,103 ₩ 254 ₩ — ₩ (246 ) ₩ — ₩ 1,111 Software 578,941 290,229 (332 ) (249,050 ) 460 620,248 Other intangible assets 2 396,747 69,596 (10,192 ) (62,270 ) (4,527 ) 389,354 VOBA 1,479,545 — — (137,616 ) — 1,341,929 Right-of-use 3,614 — — (1,012 ) — 2,602 ₩ 2,459,950 ₩ 360,079 ₩ (10,524 ) ₩ (450,194 ) ₩ (4,067 ) ₩ 2,355,244 1 Includes ₩ 189,791 million and ₩ 164,308 million recorded as insurance expenses and other operating expenses for the years ended December 31, 2021 and 2022, respectively. 2 Impairment losses for membership right with indefinite useful life among other intangible assets are recognized when its recoverable amount is lower than its carrying amount, and reversal of impairment losses are recognized when its recoverable amount is higher than its carrying amount. 15.7 Changes in accumulated impairment losses of other intangible assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (36,264 ) ₩ (5,306 ) ₩ 2,939 ₩ 3,744 ₩ (34,887 ) 2022 Beginning Impairment Reversal Disposal and Ending (In millions of Korean won) Accumulated impairment losses of other intangible assets ₩ (34,887 ) ₩ (1,301 ) ₩ 425 ₩ 2,997 ₩ (32,766 ) |
Disclosure of goodwill [text block] | 15.2 Details of goodwill as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Acquisition Carrying Acquisition Carrying (In millions of Korean won) Housing & Commercial Bank ₩ 65,288 ₩ 65,288 ₩ 65,288 ₩ 65,288 Kookmin Bank Cambodia Plc. 1,202 — 1,202 — KB Securities Co., Ltd. 70,265 58,889 70,265 58,889 KB Capital Co., Ltd. 79,609 79,609 79,609 79,609 KB Savings Bank Co., Ltd. 115,343 57,404 115,343 57,404 KB Securities Vietnam Joint Stock Company 13,092 13,533 13,092 13,947 KB Daehan Specialized Bank Plc. 1,515 1,601 1,515 1,712 PRASAC Microfinance Institution Plc. 396,942 388,524 396,942 415,332 PT Sunindo Kookmin Best Finance 2,963 2,894 2,963 2,817 PT Bank KB Bukopin Tbk 89,220 85,893 89,220 83,619 PT. KB Finansia Multi Finance 51,820 52,772 51,820 51,376 PT. KB Valbury Sekurita — — 11,070 10,713 I-Finance — — 4,674 4,449 ₩ 887,259 ₩ 806,407 ₩ 903,003 ₩ 845,155 * Includes the effect of exchange differences and others. |
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [text block] | 15.4 Details of goodwill allocation to cash-generating units and related information for impairment testing as of December 31, 2022 are as follows: December 31, 2022 Carrying Recoverable amount Discount rate Permanent (In millions of Korean won) Housing & Commercial Bank Retail banking ₩ 49,315 ₩ 5,778,171 16.60 1.00 Corporate banking 15,973 2,905,282 17.01 1.00 KB Securities Co., Ltd. 58,889 29,096 17.86 1.00 KB Capital Co., Ltd. 79,609 1,019,677 16.74 1.00 KB Savings Bank Co., Ltd. and Yehansoul Savings Bank Co., Ltd. 57,404 730,113 12.16 1.00 KB Securities Vietnam Joint Stock Company 13,947 69,658 19.66 1.00 KB Daehan Specialized Bank Plc. 1,712 23,981 21.84 1.00 PT Bank KB Bukopin Tbk 83,619 582,823 20.16 3.00 PRASAC Microfinance Institution Plc. 415,332 122,207 30.40 3.00 PT Sunindo Kookmin Best Finance 2,817 10,699 18.55 — PT. KB Finansia Multi Finance 51,376 128,087 16.35 1.00 PT. KB Valbury Sekurita 10,713 67,989 13.95 1.00 ₩ 840,706 ₩ 11,467,783 * The recoverable amount exceeding carrying amount is the amount at the time of impairment testing. |
Lease (Tables)
Lease (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Presentation of leases for lessee [abstract] | |
The Amounts Recognized In The Consolidated Statement Of Financial Position | Amounts recognized in the consolidated statements of financial position related to lease as of December 31, 2021 and 2022, are as follows: December 31, December 31, (In millions of Korean won) Right-of-use Real estate ₩ 544,075 ₩ 557,122 Vehicles 18,416 20,281 Others 13,556 7,138 576,047 584,541 Right-of-use 3,614 2,602 ₩ 579,661 ₩ 587,143 Lease liabilities * ₩ 578,808 ₩ 592,697 * Included in property and equipment, intangible assets, and other liabilities. 2021 2022 (In millions of Korean won) Depreciation and amortization of right-of-use Real estate ₩ 262,240 ₩ 271,703 Vehicles 17,796 17,661 Others 8,944 7,145 Intangible assets 1,012 1,012 ₩ 289,992 ₩ 297,521 Interest expenses on the lease liabilities ₩ 14,678 ₩ 17,849 Expense relating to short-term lease 5,920 4,388 Expense relating to lease of low-value 8,434 10,089 Expense relating to variable lease payments not included in lease liabilities (included in administrative expenses) 262 3 Total cash outflows for lease for the years ended December 31, 2021 and 2022 are ₩ 267,864 million and ₩ 272,050 million, respectively. |
Details Of The Finance Lease As A Finance Lessee | 16.2 The Group as a Lessor 16.2.1 The Group as a finance lessor 16.2.1.1 Gross investment in the lease and present value of minimum lease payments as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Gross Present Gross Present (In millions of Korean won) Up to 1 year ₩ 559,569 ₩ 379,439 ₩ 509,316 ₩ 363,085 1-5 808,256 540,219 679,773 516,701 Over 5 years — — 10,166 10,167 ₩ 1,367,825 ₩ 919,658 ₩ 1,199,255 ₩ 889,953 16.2.1.2 Unearned finance income on finance lease as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Gross investment in the lease ₩ 1,367,825 ₩ 1,199,255 Net investment in the lease: Present value of minimum lease payments 919,658 889,953 Present value of unguaranteed residual value 349,478 232,047 1,269,136 1,122,000 Unearned finance income ₩ 98,689 ₩ 77,255 16.2.2 The Group as an operating lessor Future minimum lease payments to be received from the non-cancellable December 31, 2021 December 31, 2022 (In millions of Korean won) Minimum lease payments to be received: Up to 1 year ₩ 918,640 ₩ 919,299 1-5 1,797,551 1,576,352 Over 5 years 299,984 227,946 ₩ 3,016,175 ₩ 2,723,597 |
Deferred Income Tax Assets an_2
Deferred Income Tax Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Net deferred tax assets and liabilities [abstract] | |
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory | 17.1 Details of deferred income tax assets and liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 178,027 ₩ — ₩ 178,027 Allowances for credit losses 28,770 (3,008 ) 25,762 Impairment losses of property and equipment 9,198 (1,833 ) 7,365 Share-based payments 24,249 — 24,249 Provisions for acceptances and guarantees 33,091 — 33,091 Gains or losses on valuation of derivatives 41,289 (139,281 ) (97,992 ) Present value discount 14,254 (5,929 ) 8,325 Gains or losses on fair value hedge — (14,642 ) (14,642 ) Accrued interest — (140,852 ) (140,852 ) Deferred loan origination fees and costs 10,473 (223,170 ) (212,697 ) Advanced depreciation provision — (1,703 ) (1,703 ) Gains or losses on revaluation — (318,539 ) (318,539 ) Investments in subsidiaries and others 42,547 (159,411 ) (116,864 ) Gains or losses on valuation of security investment 104,168 (1,192,004 ) (1,087,836 ) Defined benefit liabilities 608,471 — 608,471 Accrued expenses 281,983 — 281,983 Retirement insurance expense — (573,895 ) (573,895 ) Adjustments to the prepaid contributions — (29,273 ) (29,273 ) Derivative-linked securities 2,241 (46,895 ) (44,654 ) Others* 1,031,411 (871,625 ) 159,786 2,410,172 (3,722,060 ) (1,311,888 ) Offsetting of deferred income tax assets and liabilities (2,251,079 ) 2,251,079 — ₩ 159,093 ₩ (1,470,981 ) ₩ (1,311,888 ) December 31, 2022 Assets Liabilities Net amount (In millions of Korean won) Other provisions ₩ 195,191 ₩ — ₩ 195,191 Allowances for credit losses 2,151 (12,259 ) (10,108 ) Impairment losses of property and equipment 6,088 (1,476 ) 4,612 Share-based payments 21,406 — 21,406 Provisions for acceptances and guarantees 39,787 — 39,787 Gains or losses on valuation of derivatives 135,985 (207,778 ) (71,793 ) Present value discount 20,247 (2,571 ) 17,676 Gains or losses on fair value hedge — (93,833 ) (93,833 ) Accrued interest — (168,068 ) (168,068 ) Deferred loan origination fees and costs 13,675 (185,723 ) (172,048 ) Advanced depreciation provision — (4,018 ) (4,018 ) Gains or losses on revaluation 315 (292,373 ) (292,058 ) Investments in subsidiaries and others 48,693 (203,130 ) (154,437 ) Gains or losses on valuation of security investment 1,040,989 (278,334 ) 762,655 Defined benefit liabilities 497,982 (799 ) 497,183 Accrued expenses 268,529 — 268,529 Retirement insurance expense — (583,156 ) (583,156 ) Adjustments to the prepaid contributions — (27,986 ) (27,986 ) Derivative-linked securities 10,102 (283,840 ) (273,738 ) Others* 1,224,029 (951,433 ) 272,596 3,525,169 (3,296,777 ) 228,392 Offsetting of deferred income tax assets and liabilities (3,274,084 ) 3,274,084 — ₩ 251,085 ₩ (22,693 ) ₩ 228,392 * Includes Purchase Price Allocation (“PPA”) amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others. 17.4 Changes in cumulative temporary differences for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Gains or losses on fair value hedge ₩ 76,583 ₩ 76,583 ₩ — ₩ — Other provisions 544,705 527,058 631,800 649,447 Allowances for credit losses 93,749 69,023 75,452 100,178 Impairment losses of property and equipment 14,516 4,361 23,290 33,445 Deferred loan origination fees and costs 26,269 13,719 25,536 38,086 Share-based payments 62,085 55,002 78,225 85,308 Provisions for acceptances and guarantees 61,984 61,984 120,332 120,332 Gains or losses on valuation of derivatives 76,238 76,238 149,817 149,817 Present value discount 62,029 61,783 51,586 51,832 Investments in subsidiaries and others 371,001 203,470 346,809 514,340 Gains or losses on valuation of security investment 251,690 252,497 368,886 368,079 Defined benefit liabilities 2,299,159 315,719 393,189 2,376,629 Accrued expenses 1,220,283 1,220,283 1,026,651 1,026,651 Derivative-linked securities 284,370 284,370 8,147 8,147 Others* 3,648,764 554,628 100,539 3,194,675 9,093,425 3,776,718 3,400,259 8,716,966 Unrecognized deferred income tax assets Other provisions 3,054 404 Investments in subsidiaries and others 242,875 372,410 Others 75,831 107,067 8,771,665 8,237,085 Tax rate (%) 27.5 27.5 Total deferred income tax assets ₩ 2,478,283 ₩ 2,410,172 Taxable temporary differences Gains or losses on fair value hedge ₩ — ₩ — ₩ (53,243 ) ₩ (53,243 ) Accrued interest (457,626 ) (442,101 ) (496,663 ) (512,188 ) Allowances for credit losses (12,203 ) (12,203 ) (10,939 ) (10,939 ) Impairment losses of property and equipment (3,935 ) (204 ) — (3,731 ) Deferred loan origination fees and costs (820,223 ) (820,223 ) (802,237 ) (802,237 ) Advanced depreciation provision (6,192 ) — — (6,192 ) Gains or losses on valuation of derivatives (812,662 ) (804,383 ) (498,197 ) (506,476 ) Present value discount (10,916 ) (10,916 ) (21,469 ) (21,469 ) Goodwill arising from the merger (65,288 ) — — (65,288 ) Gains or losses on revaluation (1,162,538 ) (48,981 ) (44,765 ) (1,158,322 ) Investments in subsidiaries and others (646,676 ) (150,480 ) (468,334 ) (964,530 ) Gains or losses on valuation of security investment (4,425,922 ) (2,552,447 ) (2,394,100 ) (4,267,575 ) Retirement insurance expense (1,963,061 ) (228,784 ) (346,368 ) (2,080,645 ) Adjustments to the prepaid contributions (102,768 ) (102,768 ) (106,446 ) (106,446 ) Derivative-linked securities (112,293 ) (112,293 ) (170,526 ) (170,526 ) Others* (2,706,386 ) (1,819,652 ) (2,208,579 ) (3,095,313 ) (13,308,689 ) (7,105,435 ) (7,621,866 ) (13,825,120 ) Unrecognized deferred income tax liabilities Goodwill arising from the merger (65,288 ) (65,288 ) Investments in subsidiaries and others (260,739 ) (404,147 ) Others (1,042 ) (446 ) (12,981,620 ) (13,355,239 ) Tax rate (%) 27.5 27.5 Total deferred income tax liabilities ₩ (3,591,024 ) ₩ (3,722,060 ) 2022 Beginning Decrease Increase Ending (In millions of Korean won) Deductible temporary differences Other provisions ₩ 649,447 ₩ 625,770 ₩ 715,694 ₩ 739,371 Allowances for credit losses 100,178 99,713 326 791 Impairment losses of property and equipment 33,445 22,725 12,255 22,975 Deferred loan origination fees and costs 38,086 19,556 33,075 51,605 Share-based payments 85,308 74,120 69,589 80,777 Provisions for acceptances and guarantees 120,332 120,332 150,140 150,140 Gains or losses on valuation of derivatives 149,817 149,817 513,151 513,151 Present value discount 51,832 51,586 76,153 76,399 Investments in subsidiaries and others 514,340 59,444 863,317 1,318,213 Gains or losses on valuation of security investment 368,079 368,079 3,872,016 3,872,016 Defined benefit liabilities 2,376,629 467,454 118,171 2,027,346 Accrued expenses 1,026,651 1,026,591 1,013,263 1,013,323 Derivative-linked securities 8,147 8,147 38,123 38,123 Others 1 3,194,675 2,306,121 2,950,445 3,838,999 8,716,966 5,399,455 10,425,718 13,743,229 Unrecognized deferred income tax assets Other provisions 404 3,880 Investments in subsidiaries and others 372,410 1,148,089 Others 107,067 96,750 8,237,085 12,494,510 Tax rate (%) 27.5 26.5 Total deferred income tax assets ₩ 2,410,172 ₩ 3,525,169 Taxable temporary differences Gains or losses on fair value hedge ₩ (53,243 ) ₩ (53,243 ) ₩ (354,085 ) ₩ (354,085 ) Accrued interest (512,188 ) (475,840 ) (597,870 ) (634,218 ) Allowances for credit losses (10,939 ) (10,939 ) (46,262 ) (46,262 ) Impairment losses of property and equipment (3,731 ) (283 ) — (3,448 ) Deferred loan origination fees and costs (802,237 ) (802,237 ) (690,979 ) (690,979 ) Advanced depreciation provision (6,192 ) (126 ) (9,097 ) (15,163 ) Gains or losses on valuation of derivatives (506,476 ) (498,609 ) (747,674 ) (755,541 ) Present value discount (21,469 ) (21,469 ) (9,703 ) (9,703 ) Goodwill arising from the merger (65,288 ) — — (65,288 ) Gains or losses on revaluation (1,158,322 ) (92,944 ) (37,914 ) (1,103,292 ) Investments in subsidiaries and others (964,530 ) (87,129 ) (434,311 ) (1,311,712 ) Gains or losses on valuation of security investment (4,267,575 ) (4,263,845 ) (988,618 ) (992,348 ) Defined benefit liabilities — — (3,014 ) (3,014 ) Retirement insurance expense (2,080,645 ) (324,513 ) (437,492 ) (2,193,624 ) Adjustments to the prepaid contributions (106,446 ) (106,446 ) (105,608 ) (105,608 ) Derivative-linked securities (170,526 ) (170,526 ) (1,071,093 ) (1,071,093 ) Others 1 (3,095,313 ) (1,832,328 ) (2,218,485 ) (3,481,470 ) (13,825,120 ) (8,740,477 ) (7,752,205 ) (12,836,848 ) Unrecognized deferred income tax liabilities Goodwill arising from the merger (65,288 ) (65,288 ) Investments in subsidiaries and others (404,147 ) (565,035 ) Others (446 ) (446 ) (13,355,239 ) (12,206,079 ) Tax rate (%) 2 27.5 26.5 Total deferred income tax liabilities ₩ (3,722,060 ) ₩ (3,296,777 ) * Includes PPA amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others. 1 Includes PPA amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others. 2 The corporate tax rate was changed due to the amendment of corporate tax law in 2022. Accordingly, the rate of 26.5% has been applied for the deferred tax assets and liabilities expected to be utilized in periods after December 31, 2022. |
Assets Held for Sale and Asse_2
Assets Held for Sale and Assets of a Disposal Group Held for Sale (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Assets Held For Sale [Abstract] | |
Schedule Of Assets Held For Sale | Details of assets held for sale as of December 31, 2021 and 2022, are as follows: December 31, 2021 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 115,099 ₩ (16,528 ) ₩ 98,571 ₩ 135,192 Buildings held for sale 170,892 (36,923 ) 133,969 149,569 Other assets held for sale 10,142 (5,364 ) 4,778 4,778 ₩ 296,133 ₩ (58,815 ) ₩ 237,318 ₩ 289,539 December 31, 2022 Acquisition Accumulated Carrying Fair value less (In millions of Korean won) Land held for sale ₩ 106,349 ₩ (20,395 ) ₩ 85,954 ₩ 104,990 Buildings held for sale 162,973 (38,869 ) 124,104 137,706 Other assets held for sale 4,547 (2,847 ) 1,700 1,699 ₩ 273,869 ₩ (62,111 ) ₩ 211,758 ₩ 244,395 * Acquisition cost of buildings held for sale is net of accumulated depreciation amount immediately before the initial classification of the assets as held for sale. 2021 Beginning Provision Reversal Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (46,115 ) ₩ (15,490 ) ₩ — ₩ 2,790 ₩ (58,815 ) 2022 Beginning Provision Reversal Others Ending (In millions of Korean won) Accumulated impairment losses of assets held for sale ₩ (58,815 ) ₩ (7,587 ) ₩ 242 ₩ 4,049 ₩ (62,111 ) |
Fair Value Measurement Inputs Of Assets Held Forsale Whose Fair Values Are Measured | Valuation techniques and inputs used to measure the fair value of assets held for sale as of December 31, 2022 are as follows: December 31, 2022 Fair value Valuation 1 Unobservable 2 Estimated range of Effect of (In millions of Korean won) Land and buildings ₩ 244,395 Sales comparison Adjustment index 0.68 ~ 1.95 Fair value increases 1 The appraisal value is adjusted by the adjustment ratio in the event the public sale is unsuccessful. 2 Adjustment index is calculated using the time factor correction or local factors or individual factors. |
Summary of Assets of Disposal Group Held for Sale | There is no liabilities of a disposal group held for sale and details of assets of a disposal group held for sale as of December 31, 2021 are as follows: December 31, 2021 498 seventh Holdco LP 498 seventh KOR LLC Total (In millions of Korean won) Cash ₩ 556 ₩ 512 ₩ 1,068 Investments in associates — 169,424 169,424 Other assets — 1,257 1,257 ₩ 556 ₩ 171,193 ₩ 171,749 |
Summary of Accumulated Other Comprehensive Income Relating to Assets | Details of accumulated other comprehensive income relating to assets of a disposal group held for sale as of December 31, 2021 are as follows: December 31, 2021 (In millions of Korean won) Currency translation differences ₩ 7,671 |
Other Assets (Tables)
Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous assets [abstract] | |
Summary of Other Assets | 19.1 Details of other assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Other financial assets Other receivables ₩ 6,732,917 ₩ 6,648,187 Accrued income 1,916,667 2,507,324 Guarantee deposits 1,035,522 984,176 Domestic exchange settlement debits 1,014,938 879,847 Others 204,940 352,955 Less: Allowances for credit losses (143,205 ) (155,404 ) Less: Present value discount (6,429 ) (7,735 ) 10,755,350 11,209,350 Other non-financial Other receivables 1,764 5,653 Prepaid expenses 254,990 471,258 Guarantee deposits 7,268 3,157 Insurance assets 2,924,698 3,248,548 Separate account assets 10,556,935 9,820,673 Others 3,689,340 3,697,420 Less: Allowances for credit losses (16,172 ) (18,530 ) 17,418,823 17,228,179 ₩ 28,174,173 ₩ 28,437,529 19.2 Changes in allowances for credit losses of other assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 119,762 ₩ 17,520 ₩ 137,282 Write-offs (3,504 ) (380 ) (3,884 ) Provision 25,387 (447 ) 24,940 Business combination 227 — 227 Others 1,333 (521 ) 812 Ending ₩ 143,205 ₩ 16,172 ₩ 159,377 2022 Other financial Other non-financial Total (In millions of Korean won) Beginning ₩ 143,205 ₩ 16,172 ₩ 159,377 Write-offs (10,028 ) (70 ) (10,098 ) Provision (reversal) 15,224 2,182 17,406 Business combination 267 — 267 Others 6,736 246 6,982 Ending ₩ 155,404 ₩ 18,530 ₩ 173,934 |
Financial Liabilities at Fair_2
Financial Liabilities at Fair Value Through Profit or Loss (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Current financial liabilities at fair value through profit or loss [abstract] | |
Summary of Financial Liabilities At Fair Value Through Profit Or Loss | 20.1 Details of financial liabilities at fair value through profit or loss and financial liabilities designated at fair value through profit or loss as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Financial liabilities at fair value through profit or loss Borrowed securities sold ₩ 2,826,885 ₩ 2,102,537 Others 112,699 90,673 2,939,584 2,193,210 Financial liabilities designated at fair value through profit or loss Derivative-linked securities 9,149,396 10,078,394 9,149,396 10,078,394 ₩ 12,088,980 ₩ 12,271,604 |
Summary of Difference Between Carrying Amount And Contractually Required to Pay at Maturity Of Financial Liabilities Designated At Fair Value Through Profit Or Loss Explanatory | 20.2 Difference between the amount contractually required to pay at maturity and carrying amount of financial liabilities designated at fair value through profit or loss as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Amount contractually required to pay at maturity ₩ 8,957,602 ₩ 9,973,340 Carrying amount 9,149,396 10,078,394 Difference ₩ (191,794 ) ₩ (105,054 ) |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deposits from customers [abstract] | |
Summary of Details of Deposits | Details of deposits as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Demand deposits Demand deposits in Korean won ₩ 180,560,022 ₩ 152,079,457 Demand deposits in foreign currencies 15,955,246 12,844,385 196,515,268 164,923,842 Time deposits Time deposits in Korean won 155,799,563 194,117,692 155,799,563 194,117,692 Time deposits in foreign currencies 15,594,718 23,529,633 Fair value adjustments of fair value hedged time deposits in foreign currencies (1,319 ) (8,591 ) 15,593,399 23,521,042 171,392,962 217,638,734 Certificates of deposits 4,115,688 6,325,876 ₩ 372,023,918 ₩ 388,888,452 |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [abstract] | |
Summary of Debt Securities Explanatory | 22.1 Details of borrowings as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) General borrowings ₩ 40,859,845 ₩ 55,789,869 Bonds sold under repurchase agreements and others 14,374,863 11,773,494 Call money 1,677,666 4,154,003 ₩ 56,912,374 ₩ 71,717,366 |
Summary of Details of Borrowings | 22.2 Details of general borrowings as of December 31, 2021 and 2022, are as follows: Lenders Interest rate December 31, 2021 December 31, 2022 (In millions of Korean won) Borrowings in Korean won Borrowings from the Bank of Korea The Bank of Korea 0.25 ~ 1.75 ₩ 7,131,019 ₩ 8,282,289 Borrowings from the government SEMAS and others 0.00 ~ 3.23 2,683,056 2,670,867 Borrowings from banks Shinhan Bank and others 2.49 ~ 6.53 171,482 914,360 Borrowings from non-banking Korea Securities Finance Corporation and others 1.39 ~ 6.96 1,935,906 2,189,510 Other borrowings The Korea Development Bank and others 0.00 ~ 8.79 13,292,759 19,806,869 25,214,222 33,863,895 Borrowings in foreign currencies Due to banks Bank of China Seoul Branch and others — 2,143 18,266 Borrowings from banks Central Bank of Uzbekistan and others 0.00 ~ 14.00 13,396,379 16,296,725 Borrowings from other financial institutions The Export-Import Bank of Korea and others 5.07 ~ 5.89 24,867 38,249 Other borrowings Standard Chartered Bank and others 0.00 ~ 8.00 2,222,234 5,572,734 15,645,623 21,925,974 ₩ 40,859,845 ₩ 55,789,869 |
Schedule of Repurchase Agreements | 22.3 Details of bonds sold under repurchase agreements and others as of December 31, 2021 and 2022, are as follows: Lenders Interest rate December 31, December 31, 2021 December 31, 2022 (In millions of Korean won) Bonds sold under repurchase agreements Individuals, groups, and corporations 0.00~9.75 ₩ 14,372,761 ₩ 11,769,694 Bills sold Counter sale 1.55~2.00 2,102 3,800 ₩ 14,374,863 ₩ 11,773,494 |
Summary of Details of Call Money | 22.4 Details of call money as of December 31, 2021 and 2022, are as follows: Lenders Interest rate December 31, December 31, 202 1 December 31, 202 2 (In millions of Korean won) Call money in Korean won Samsung Asset Management and others 2.90~5.05 ₩ 40,000 ₩ 2,943,500 Call money in foreign currencies BANK CIMB NIAGA and others 0.00~7.80 1,637,666 1,210,503 ₩ 1,677,666 ₩ 4,154,003 |
Debentures (Tables)
Debentures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Detailed Information About Debentures [Abstract] | |
Summary of Details of Debentures | 23.1 Details of debentures as of December 31, 2021 and 2022, are as follows: Interest rate December 31, December 31, 2021 December 31, 2022 (In millions of Korean won) Debentures in Korean won Structured debentures 5.65 ~ 8.62 ₩ 910 ₩ 710 Exchangeable bonds* 0.00 240,000 240,000 Subordinated fixed rate debentures 2.02 ~ 7.86 6,241,957 5,354,890 Fixed rate debentures 0.99 ~ 13.70 44,124,235 45,424,094 Floating rate debentures 1.54 ~ 6.36 6,893,782 5,455,000 57,500,884 56,474,694 Fair value adjustments of fair value hedged debentures in Korean won (79,877 ) (249,629 ) Less: Discount on debentures in Korean won (38,976 ) (29,166 ) Less: Adjustment for exchange right of exchangeable bonds in Korean won (11,719 ) (8,435 ) 57,370,312 56,187,464 Debentures in foreign currencies Floating rate debentures 2.42 ~ 5.98 2,749,174 2,168,341 Fixed rate debentures 0.05 ~ 12.00 7,312,966 10,482,244 10,062,140 12,650,585 Fair value adjustments of fair value hedged debentures in foreign currencies 27,953 (95,865 ) Less: Discount on debentures in foreign currencies (30,217 ) (43,981 ) 10,059,876 12,510,739 ₩ 67,430,188 ₩ 68,698,203 * Fair value of the liability component of exchangeable bonds is calculated by using market interest rate of bonds under the same conditions without the exchange right. The residual amount after deducting the liability component from the issuance amount, represents the value of the exchange right and is recorded in equity. Shares to be exchanged are 5 million treasury shares of KB Financial Group Inc. with the exchange price of ₩ 48,000. Exercise period for exchange right is from the 60th day of the issuance date to 10 days before the maturity date. |
Summary of Changes In Debentures Based On Face Value | 23.2 Changes in debentures based on par value for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Issue Repayment Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 1,960 ₩ — ₩ (1,050 ) ₩ — ₩ 910 Exchangeable bonds 240,000 — — — 240,000 Subordinated fixed rate debentures 4,834,407 1,409,000 (1,450 ) — 6,241,957 Fixed rate debentures 47,229,619 110,295,448 (113,400,832 ) — 44,124,235 Floating rate debentures 3,190,000 6,085,064 (2,381,282 ) — 6,893,782 55,495,986 117,789,512 (115,784,614 ) — 57,500,884 Debentures in foreign currencies Floating rate debentures 2,232,938 810,920 (500,901 ) 206,217 2,749,174 Fixed rate debentures 5,030,580 3,195,539 (1,224,070 ) 310,917 7,312,966 7,263,518 4,006,459 (1,724,971 ) 517,134 10,062,140 ₩ 62,759,504 ₩ 121,795,971 ₩ (117,509,585 ) ₩ 517,134 ₩ 67,563,024 2022 Beginning Issue Repayment Others Ending (In millions of Korean won) Debentures in Korean won Structured debentures ₩ 910 ₩ — ₩ (200 ) ₩ — ₩ 710 Exchangeable bonds 240,000 — — — 240,000 Subordinated fixed rate debentures 6,241,957 286,000 (1,173,067 ) — 5,354,890 Fixed rate debentures 44,124,235 96,782,415 (95,482,556 ) — 45,424,094 Floating rate debentures 6,893,782 5,350,000 (6,788,782 ) — 5,455,000 57,500,884 102,418,415 (103,444,605 ) — 56,474,694 Debentures in foreign currencies Floating rate debentures 2,749,174 1,286,016 (2,072,615 ) 205,766 2,168,341 Fixed rate debentures 7,312,966 3,940,693 (1,113,993 ) 342,578 10,482,244 10,062,140 5,226,709 (3,186,608 ) 548,344 12,650,585 ₩ 67,563,024 ₩ 107,645,124 ₩ (106,631,213 ) ₩ 548,344 ₩ 69,125,279 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Provisions [abstract] | |
Summary of Other Provisions | 24.1 Details of provisions as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Provisions for credit losses of unused loan commitments ₩ 308,640 ₩ 342,182 Provisions for credit losses of acceptances and guarantees 121,104 153,529 Provisions for credit losses of financial guarantee contracts 5,351 2,955 Provisions for restoration costs 152,186 159,033 Others* 221,323 311,120 ₩ 808,604 ₩ 968,819 * Includes provisions for redemption-suspended funds. 24.2 Changes in provisions for credit losses of unused loan commitments, and acceptances and guarantees for the years ended December 31, 2021 and 2022, are as follows: 2021 Provisions for credit losses of unused loan commitments Provisions for credit losses of acceptances and guarantees 12-month Lifetime expected 12-month Lifetime expected Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 162,721 ₩ 127,463 ₩ 8,569 ₩ 33,088 ₩ 14,838 ₩ 14,328 Transfer between stages: Transfer to 12-month 38,831 (37,595 ) (1,236 ) 3,958 (203 ) (3,755 ) Transfer to lifetime expected credit losses (27,308 ) 28,203 (895 ) (3,973 ) 3,982 (9 ) Impairment (457 ) (1,002 ) 1,459 (10 ) (85 ) 95 Provision (reversal) for credit losses (22,543 ) 29,145 127 (7,425 ) 64,178 711 Business combination 813 — — — — — Others (exchange differences, etc.) 1,940 405 — 1,759 (540 ) 167 Ending ₩ 153,997 ₩ 146,619 ₩ 8,024 ₩ 27,397 ₩ 82,170 ₩ 11,537 2022 Provisions for credit losses of unused loan commitments Provisions for credit losses of acceptances and guarantees 12-month Lifetime expected 12-month Lifetime expected Non- impaired Impaired Non- impaired Impaired (In millions of Korean won) Beginning ₩ 153,997 ₩ 146,619 ₩ 8,024 ₩ 27,397 ₩ 82,170 ₩ 11,537 Transfer between stages: Transfer to 12-month 41,314 (40,375 ) (939 ) 1,144 (1,144 ) — Transfer to lifetime expected credit losses (19,232 ) 19,848 (616 ) (355 ) 1,016 (661 ) Impairment (338 ) (1,705 ) 2,043 (9 ) (142 ) 151 Provision (reversal) for credit losses 2,587 25,743 2,738 (1,689 ) 33,983 (3,262 ) Others (exchange differences, etc.) 1,557 937 (20 ) 418 2,841 134 Ending ₩ 179,885 ₩ 151,067 ₩ 11,230 ₩ 26,906 ₩ 118,724 ₩ 7,899 24.3 Changes in provisions for credit losses of financial guarantee contracts for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In millions of Korean won) Beginning ₩ 6,348 ₩ 5,351 Provision (reversal) (830 ) (2,396 ) Others (167 ) — Ending ₩ 5,351 ₩ 2,955 24.4 Changes in provisions for restoration costs for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In millions of Korean won) Beginning ₩ 151,696 ₩ 152,186 Provision 11,350 17,270 Reversal (2,075 ) 210 Used (15,739 ) (23,916 ) Unwinding of discount 1,589 2,725 Effect of changes in discount rate 5,365 10,558 Ending ₩ 152,186 ₩ 159,033 Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate are used to estimate the present value of estimated costs. 24.5 Changes in other provisions for the years ended December 31, 2021 and 2022, are as follows: 2021 Membership Dormant Litigations Others Total (In millions of Korean won) Beginning ₩ 19,501 ₩ 3,007 ₩ 40,517 ₩ 132,827 ₩ 195,852 Increase 77,384 3,429 18,670 71,972 171,455 Decrease (73,983 ) (3,374 ) (4,190 ) (64,614 ) (146,161 ) Others — — 171 6 177 Ending ₩ 22,902 ₩ 3,062 ₩ 55,168 ₩ 140,191 ₩ 221,323 2022 Membership Dormant Litigations Others Total (In millions of Korean won) Beginning ₩ 22,902 ₩ 3,062 ₩ 55,168 ₩ 140,191 ₩ 221,323 Increase 84 2,666 62,611 89,179 154,540 Decrease (22,940 ) (2,934 ) (4,252 ) (34,617 ) (64,743 ) Ending ₩ 46 ₩ 2,794 ₩ 113,527 ₩ 194,753 ₩ 311,120 |
Net Defined Benefit Liabiliti_2
Net Defined Benefit Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of defined benefit plans [abstract] | |
Summary of Changes in the Net Defined Benefit Liabilities | 25.2 Changes in net defined benefit liabilities for the years ended December 31, 2021 and 2022, are as follows: 2021 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,491,923 ₩ (2,302,953 ) ₩ 188,970 Current service cost 241,448 — 241,448 Past service cost 451 — 451 Gains on settlement (4,311 ) — (4,311 ) Interest expense (income) 47,481 (44,560 ) 2,921 Remeasurements: Actuarial gains and losses by changes in demographic assumptions 27,611 — 27,611 Actuarial gains and losses by changes in financial assumptions 52,684 — 52,684 Actuarial gains and losses by experience adjustments (24,592 ) — (24,592 ) Return on plan assets (excluding amounts included in interest income) — 9,438 9,438 Contributions by the Group — (319,601 ) (319,601 ) Contributions by the employees — (17,574 ) (17,574 ) Payments from plans (settlement) (6,961 ) 6,944 (17 ) Payments from plans (benefit payments) (221,276 ) 221,274 (2 ) Payments from the Group (34,242 ) — (34,242 ) Transfer in 9,854 (9,292 ) 562 Transfer out (9,292 ) 9,292 — Effect of exchange differences 1,670 (47 ) 1,623 Effect of business acquisition and disposal 21 — 21 Others 48 — 48 Ending* ₩ 2,572,517 ₩ (2,447,079 ) ₩ 125,438 2022 Present value of Fair value of plan Net defined benefit (In millions of Korean won) Beginning ₩ 2,572,517 ₩ (2,447,079 ) ₩ 125,438 Current service cost 249,099 — 249,099 Past service cost 3,669 — 3,669 Gains on settlement (1,859 ) — (1,859 ) Interest expense (income) 65,357 (62,872 ) 2,485 Remeasurements: Actuarial gains and losses by changes in demographic assumptions 33,078 — 33,078 Actuarial gains and losses by changes in financial assumptions (479,797 ) — (479,797 ) Actuarial gains and losses by experience adjustments 47,086 — 47,086 Return on plan assets (excluding amounts included in interest income) — 68,550 68,550 Contributions by the Group — (400,689 ) (400,689 ) Contributions by the employees — — — Payments from plans (settlement) (78 ) — (78 ) Payments from plans (benefit payments) (234,192 ) 232,994 (1,198 ) Payments from the Group (43,763 ) 494 (43,269 ) Transfer in 13,982 (13,285 ) 697 Transfer out (13,340 ) 13,299 (41 ) Effect of exchange differences 1,218 69 1,287 Effect of business acquisition and disposal 2,635 — 2,635 Others (282 ) — (282 ) Ending* ₩ 2,215,330 ₩ (2,608,519 ) ₩ (393,189 ) * The net defined benefit liabilities of ₩ 125,438 million is calculated by subtracting ₩ 100,083 million of net defined benefit assets from million of net defined benefit liabilities as of December 31, 2021. The net defined benefit assets of million is calculated by subtracting million of net defined benefit liabilities from million of net defined benefit assets as of December 31, 2022. |
Summary of the Net Defined Benefit Liabilities | 25.3 Details of net defined benefit liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Present value of defined benefit obligation ₩ 2,572,517 ₩ 2,215,330 Fair value of plan assets (2,447,079 ) (2,608,519 ) Net defined benefit liabilities ₩ 125,438 ₩ (393,189 ) |
Summary of Post-Employment Benefits Recognized in Profit Or Loss | 25.4 Details of post-employment benefits recognized in profit or loss for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Current service cost ₩ 233,273 ₩ 241,448 ₩ 249,099 Past service cost (16,197 ) 451 3,669 Net interest expense on net defined benefit liabilities 4,743 2,921 2,485 Gains on settlement (1,912 ) (4,311 ) (1,859 ) Post-employment benefits * ₩ 219,907 ₩ 240,509 ₩ 253,394 * Includes post-employment benefits amounting to ₩ 2,840 million, ₩ 3,194 million and ₩ 3,383 million recognized as other operating expenses for the years ended December 31, 2020, 2021, 2022 and ₩ 176 million and million recognized as prepayment for the years ended December 31, 2020 and 2022. |
Summary of Remeasurements of the Net Defined Benefit Liabilities Recognized in Other Comprehensive Income (Loss) | 25.5 Details of remeasurements of net defined benefit liabilities recognized in other comprehensive income (loss) for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Remeasurements: Return on plan assets (excluding amounts included in interest income) ₩ (6,308 ) ₩ (9,438 ) ₩ (68,550 ) Actuarial gains and losses (11,676 ) (55,703 ) 399,633 Income tax effect 4,949 18,638 (91,150 ) Effect of exchange differences (399 ) 993 (231 ) Remeasurements after income tax expense ₩ (13,434 ) ₩ (45,510 ) ₩ 239,702 |
Summary of the Fair Value of Plan Assets | 25.6 Details of fair value of plan assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,441,324 ₩ 2,441,324 Derivative instruments — 3,427 3,427 Investment fund — 2,328 2,328 ₩ — ₩ 2,447,079 ₩ 2,447,079 December 31, 2022 Assets quoted Assets not Total (In millions of Korean won) Cash and due from financial institutions ₩ — ₩ 2,571,508 ₩ 2,571,508 Derivative instruments — 33,434 33,434 Investment fund — 3,577 3,577 ₩ — ₩ 2,608,519 ₩ 2,608,519 |
Summary of Significant Actuarial Assumptions | 25.7 Details of significant actuarial assumptions used as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Discount rate (%) 1.80~2.70 4.90~5.20 Salary increase rate (%) 0.00~7.50 0.00~7.00 Turnover rate (%) 0.00~50.00 0.00~38.60 Mortality assumptions are based on the experience-based mortality table issued by Korea Insurance Development Institute in 2019. |
Summary of Sensitivity Analysis of Significant Actuarial Assumptions | 25.8 Results of sensitivity analysis of significant actuarial assumptions as of December 31, 2022, are as follows: Changes in Effect on defined benefit obligation Increase in assumptions Decrease in assumptions Discount rate 0 %p 3.12% decrease 3.31% increase Salary increase rate 0 %p 3.27% increase 3.10% decrease Turnover rate 0 %p 0.14% increase 0.15% decrease The above sensitivity analysis is based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. The sensitivity of the defined benefit obligation to changes in significant actuarial assumptions is calculated using the same projected unit credit method used in calculating the defined benefit obligation recognized in the consolidated statement of financial position. |
Summary of Expected Maturity Analysis of Undiscounted Pension Benefit Payments Including Expected Future Benefit | 25.9 Expected maturity analysis of undiscounted pension benefit payments (including expected future benefit) as of December 31, 2022, are as follows: Up to 1 year 1~2 years 2~5 years 5~10 years Over 10 years Total (In millions of Korean won) Pension benefits * ₩211,591 ₩279,808 ₩849,878 ₩1,557,212 ₩7,553,530 ₩10,452,019 * Amount determined under the promotion compensation type defined contribution plan is excluded. |
Other Liabilities (Tables)
Other Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Miscellaneous liabilities [abstract] | |
Summary of Accrued Expenses and Other Liabilities Explanatory | Details of other liabilities as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Other financial liabilities Other payables ₩ 11,175,682 ₩ 11,730,583 Prepaid card and debit card payables 33,972 35,259 Accrued expenses 2,620,819 3,950,605 Financial guarantee contracts liabilities 52,603 46,467 Deposits for letter of guarantees and others 1,093,680 1,762,482 Domestic exchange settlement credits 5,125,430 1,738,489 Foreign exchange settlement credits 169,264 250,138 Due to trust accounts 7,033,849 5,808,446 Liabilities incurred from agency relationships 739,276 513,621 Account for agency business 423,798 241,910 Dividend payables 474 3,425 Lease liabilities 578,808 592,697 Others 446,747 31,124 29,494,402 26,705,246 Other non-financial Other payables 348,003 400,407 Unearned revenue 656,375 759,308 Accrued expenses 956,461 900,141 Deferred revenue on credit card points 214,053 243,131 Withholding taxes 164,333 228,119 Separate account liabilities 11,071,159 10,513,553 Others 225,696 390,460 13,636,080 13,435,119 ₩ 43,130,482 ₩ 40,140,365 |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Summary of Issued Capital | 27.1.1 Details of share capital as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Type of share Ordinary share Ordinary share (In millions of Korean won and in number of shares) Number of authorized shares 1,000,000,000 1,000,000,000 Par value per share (In Korean won) ₩ 5,000 ₩ 5,000 Number of issued shares 415,807,920 408,897,068 Share capital * ₩ 2,090,558 ₩ 2,090,558 * Due to the retirement of shares deducted through retained earnings, it is different from the total par value of the shares issued. 27.1.2 Changes in outstanding shares for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In number of shares) Beginning 389,634,335 389,634,335 Increase — — Decrease — — Ending 389,634,335 389,634,335 |
Schedule of Hybrid Securities | Details of hybrid securities classified as equity as of December 31, 2021 and 2022, are as follows: Hybrid securities Issuance date Maturity Interest rate (%) as of December 31, 2022 December 31, 2021 December 31, 2022 (In millions of Korean won) The 1-1 st May 2, 2019 Perpetual bond 3.23 ₩ 349,309 ₩ 349,309 The 1-2 nd May 2, 2019 Perpetual bond 3.44 49,896 49,896 The 2-1 st May 8, 2020 Perpetual bond 3.30 324,099 324,099 The 2-2 nd May 8, 2020 Perpetual bond 3.43 74,812 74,812 The 3-1 st Jul. 14, 2020 Perpetual bond 3.17 369,099 369,099 The 3-2 nd Jul. 14, 2020 Perpetual bond 3.38 29,922 29,922 The 4-1 st Oct. 20, 2020 Perpetual bond 3.00 433,996 433,996 The 4-2 nd Oct. 20, 2020 Perpetual bond 3.28 64,855 64,855 The 5-1 st Feb. 19, 2021 Perpetual bond 2.67 419,071 419,071 The 5-2 nd Feb. 19, 2021 Perpetual bond 2.87 59,862 59,862 The 5-3 rd Feb. 19, 2021 Perpetual bond 3.28 119,727 119,727 The 6-1 st May 28, 2021 Perpetual bond 3.20 165,563 165,563 The 6-2 nd May 28, 2021 Perpetual bond 3.60 109,708 109,708 The 7-1 st Oct. 8, 2021 Perpetual bond 3.57 208,468 208,468 The 7-2 nd Oct. 8, 2021 Perpetual bond 3.80 59,834 59,834 The 8-1 st Feb. 16, 2022 Perpetual bond 4.00 — 442,970 The 8-2 nd Feb. 16, 2022 Perpetual bond 4.30 — 155,626 The 9-1 st May 12, 2022 Perpetual bond 4.68 — 478,829 The 9-2 nd May 12, 2022 Perpetual bond 4.97 — 19,906 The 10-1 st Aug. 26, 2022 Perpetual bond 4.90 — 407,936 The 10-2 nd Aug. 26, 2022 Perpetual bond 5.15 — 70,819 The 10-3 rd Aug. 26, 2022 Perpetual bond 5.30 — 19,944 ₩ 2,838,221 ₩ 4,434,251 The above hybrid securities are early redeemable by the Group after 5 or 7 or 10 years from the issuance date. On the other hand, hybrid securities of ₩ 873,908 million issued by Kookmin Bank, hybrid securities of ₩ 82,679 million issued by KB Securities Co., Ltd. and hybrid securities of ₩ 49,800 million issued by KB Life Insurance Co., Ltd. are recognized as non-controlling |
Summary of Reserves and Other Equity Interest | Details of capital surplus as of December 31, 2021 and 2022, are as follows December 31, 2021 December 31, 2022 (In millions of Korean won) Paid-in ₩ 13,190,274 ₩ 13,190,274 Losses on sales of treasury shares (481,332 ) (481,332 ) Other capital surplus 4,219,356 4,219,856 Consideration for exchange right of exchangeable bonds 11,933 11,933 ₩ 16,940,231 ₩ 16,940,731 |
Schedule of Accumulated Other Comprehensive Income Loss | Details of accumulated other comprehensive income as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (328,392 ) ₩ (88,768 ) Currency translation differences 96,534 253,815 Gains(losses) on financial instruments at fair value through other comprehensive income 918,927 (2,629,451 ) Share of other comprehensive loss of associates and joint ventures (2,980 ) (3,342 ) Gains(Losses) on cash flow hedging instruments (7,733 ) 23,741 Losses on hedging instruments of net investments in foreign operations (35,658 ) (114,743 ) Other comprehensive loss arising from separate account (55,116 ) (214,735 ) Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk 2,208 41,075 Gains on overlay adjustment 459,484 19,355 Assets of a disposal group held for sale 7,671 — ₩ 1,054,945 ₩ (2,713,053 ) |
Schedule of Appropriated and Unappropriated Retained Earnings | Details of retained earnings as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Legal reserves 1 ₩ 695,347 ₩ 839,235 Voluntary reserves 982,000 982,000 Unappropriated retained earnings 2 23,995,468 26,625,278 ₩ 25,672,815 ₩ 28,446,513 1 With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches the aggregate amount of its paid-in 2 The regulatory reserve for credit losses the Group appropriated in retained earnings is ₩ 4,116,579 million and ₩ 4,355,734 million for the years ended December 31, 2021 and 2022, respectively. |
Summary of Treasury Shares | Changes in treasury shares for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares* 26,173,585 — — 26,173,585 Carrying amount ₩ 1,136,188 ₩ — ₩ — ₩ 1,136,188 2022 Beginning Acquisition Disposal Ending (In millions of Korean won and in number of shares) Number of treasury shares* 26,173,585 — (6,910,852 ) 19,262,733 Carrying amount ₩ 1,136,188 ₩ — ₩ (300,000 ) ₩ 836,188 * 5 million treasury shares are deposited at the Korea Securities Depository for the exchange of exchangeable bonds. |
Net Interest Income (Tables)
Net Interest Income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Interest Revenue (Expense), Net [Abstract] | |
Summary of Interest Income, Interest Expense and Net Interest Income | Details of interest income, interest expense, and net interest income for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Interest income Due from financial institutions measured at fair value through profit or loss ₩ 649 ₩ 1,723 ₩ 3,186 Securities measured at fair value through profit or loss 647,840 579,128 860,271 Loans measured at fair value through profit or loss 10,876 9,537 12,933 Securities measured at fair value through other comprehensive income 719,434 784,980 1,079,548 Loans measured at fair value through other comprehensive income 7,899 4,618 10,612 Due from financial institutions measured at amortized cost 92,155 66,375 157,913 Securities measured at amortized cost 627,201 765,656 1,120,608 Loans measured at amortized cost 12,177,822 12,745,780 17,191,116 Others 201,871 253,081 352,331 14,485,747 15,210,878 20,788,518 Interest expense Deposits 2,916,794 2,218,556 4,536,373 Borrowings 572,946 510,385 1,291,380 Debentures 1,186,310 1,169,708 1,640,773 Others 87,423 82,657 207,058 4,763,473 3,981,306 7,675,584 Net interest income ₩ 9,722,274 ₩ 11,229,572 ₩ 13,112,934 |
Summary of Interest Income Recognized on Impaired Loans | Interest income recognized on impaired |
Net Fee and Commission Income (
Net Fee and Commission Income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Fee and commission income (expense) [abstract] | |
Schedule of Details of Fee and Commission Income and Expense | Details of fee and commission income, fee and commission expense, and net fee and commission income for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Fee and commission income Banking activity fees ₩ 189,100 ₩ 178,412 ₩ 180,749 Lending activity fees 91,663 82,184 80,700 Credit card and debit card related fees 1,378,450 1,526,911 1,491,666 Agent activity fees 196,518 205,206 243,740 Trust and other fiduciary fees 331,827 408,834 337,171 Fund management related fees 154,612 178,090 130,629 Acceptances and guarantees fees 54,108 49,782 66,827 Foreign currency related fees 173,313 245,299 285,380 Securities agency fees 172,097 174,709 124,771 Other business account commission on consignment 40,461 39,178 36,211 Commissions received on securities business 793,278 881,407 628,449 Lease fees 636,301 897,983 1,004,670 Others 315,296 455,611 510,557 4,527,024 5,323,606 5,121,520 Fee and commission expense Trading activity related fees * 38,497 54,857 44,200 Lending activity fees 33,444 42,981 42,086 Credit card and debit card related fees 848,823 831,724 815,252 Outsourcing related fees 216,962 210,480 255,899 Foreign currency related fees 49,435 51,931 75,078 Others 380,924 506,050 567,373 1,568,085 1,698,023 1,799,888 Net fee and commission income ₩ 2,958,939 ₩ 3,625,583 ₩ 3,321,632 * Fees from financial instruments at fair value through profit or loss |
Net Gains or Losses on Financ_2
Net Gains or Losses on Financial Instruments at Fair Value Through Profit or Loss (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Net Gains Or Losses On Financial Assets Liabilities At Fair Value Through Profit Or Loss [Abstract] | |
Summary of Net Gains Or Losses On Financial Instruments At Fair Value Through Profit Or Loss | Net gains or losses on financial instruments at fair value through profit or loss include dividend income, gains or losses arising from changes in fair value, and gains or losses arising from sales and redemptions. Details of net gains or losses on financial instruments at fair value through profit or loss for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss: Debt securities ₩ 2,061,505 ₩ 1,804,112 ₩ 2,045,436 Equity securities 725,072 733,823 494,723 2,786,577 2,537,935 2,540,159 Derivatives held for trading: Interest rate 2,632,246 4,820,712 11,772,927 Currency 8,335,594 7,492,806 15,020,553 Stock or stock index 2,808,284 1,603,501 1,983,900 Credit 28,434 20,147 78,638 Commodity 18,097 21,864 33,576 Others 231,901 145,879 101,097 14,054,556 14,104,909 28,990,691 Financial liabilities at fair value through profit or loss 28,160 72,585 114,525 Other financial instruments 689 6,753 252 16,869,982 16,722,182 31,645,627 Losses on financial instruments at fair value through profit or loss Financial assets at fair value through profit or loss: Debt securities 1,040,285 1,280,960 2,733,891 Equity securities 444,554 426,431 546,036 1,484,839 1,707,391 3,279,927 Derivatives held for trading: Interest rate 2,687,114 4,669,893 10,747,221 Currency 8,191,456 7,422,604 15,160,772 Stock or stock index 2,558,205 1,604,027 2,482,044 Credit 19,213 14,051 68,324 Commodity 21,797 14,815 30,167 Others 253,406 175,411 323,704 13,731,191 13,900,801 28,812,232 Financial liabilities at fair value through profit or loss 153,227 80,790 63,571 Other financial instruments 116 6,839 205 15,369,373 15,695,821 32,155,935 Net gains(loss) on financial instruments at fair value through profit or loss ₩ 1,500,609 ₩ 1,026,361 ₩ (510,308 ) |
Summary of Net Gains Or Losses On Financial Instruments Designated At Fair Value Through Profit Or Loss | Net gains or losses on financial instruments designated at fair value through profit or loss include gains or losses arising from changes in fair value, and gains or losses arising from sales and redemptions. Details of net gains or losses on financial instruments designated at fair value through profit or loss for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Gains on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss ₩ 654,045 ₩ 623,929 ₩ 1,186,908 654,045 623,929 1,186,908 Losses on financial instruments designated at fair value through profit or loss Financial liabilities designated at fair value through profit or loss 1,143,288 654,986 429,243 1,143,288 654,986 429,243 Net gains(losses) on financial instruments designated at fair value through profit or loss ₩ (489,243 ) ₩ (31,057 ) ₩ 757,665 |
Net Other Operating Income an_2
Net Other Operating Income and Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other Operating Income And Expenses [Abstract] | |
Summary of Other Operating Income and Expense | Details of other operating income and expenses for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Other operating income Gains on financial instruments at fair value through other comprehensive income: Gains on redemption of financial instruments at fair value through other comprehensive income ₩ 351 ₩ 2 ₩ 24 Gains on disposal of financial instruments at fair value through other comprehensive income 304,217 126,710 24,735 304,568 126,712 24,759 Gains on financial assets at amortized cost: Gains on sale of loans measured at amortized cost 180,038 136,620 83,552 Gains on redemption of securities measured at amortized cost — 126 — Gains on disposal of securities measured at amortized cost 229 41 110 180,267 136,787 83,662 Gains on loans measured at fair value through other comprehensive income: Gains on sale of loans measured at fair value through other comprehensive income — 226 — — 226 — Gains on hedge accounting — 386,398 858,305 Gains on foreign exchange transactions 3,634,987 3,878,089 11,514,706 Dividend income 45,125 33,805 36,675 Others 591,798 367,177 498,412 4,756,745 4,929,194 13,016,519 Other operating expenses Losses on financial instruments at fair value through other comprehensive income: Losses on redemption of financial instruments at fair value through other comprehensive income 320 2,172 3,049 Losses on disposal of financial instruments at fair value through other comprehensive income 19,159 222,512 258,505 19,479 224,684 261,554 Losses on financial assets at amortized cost: Losses on sale of loans measured at amortized cost 16,061 14,669 78,089 Losses on redemption of securities measured at amortized cost — 6 — Losses on disposal of securities measured at amortized cost 6,513 2 — 22,574 14,677 78,089 Losses on hedge accounting — 473,091 877,512 Losses on foreign exchange transactions 3,530,618 3,570,783 11,173,168 Deposit insurance fee 507,621 550,677 598,548 Credit guarantee fund fee 242,216 263,297 283,912 Depreciation expenses of operating lease assets 423,684 602,908 682,783 Others 1,510,483 1,152,644 1,426,744 6,256,675 6,852,761 15,382,310 Net other operating expenses ₩ (1,499,930 ) ₩ (1,923,567 ) ₩ (2,365,791 ) |
General and Administrative Ex_2
General and Administrative Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
General And Administrative Expense [Abstract] | |
Schedule of General and Administrative Expense | 32.1 Details of general and administrative expenses for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Expenses related to employee Employee benefits—salaries ₩ 2,789,201 ₩ 3,007,439 ₩ 3,070,840 Employee benefits—others 871,014 927,665 988,778 Post-employment benefits—defined benefit plans 216,891 237,315 249,874 Post-employment benefits—defined contribution plans 37,328 37,731 45,655 Termination benefits 361,098 322,970 319,794 Share-based payments 49,364 101,935 58,275 4,324,896 4,635,055 4,733,216 Depreciation and amortization 874,911 850,614 878,841 Other general and administrative expenses Rental expense 116,325 112,902 121,577 Tax and dues 260,071 268,383 310,853 Communication 53,596 60,221 63,871 Electricity and utilities 32,298 36,565 35,987 Publication 13,988 13,417 11,991 Repairs and maintenance 32,448 53,218 56,221 Vehicle 14,314 16,901 19,815 Travel 12,251 13,271 23,585 Training 27,610 34,056 36,890 Service fees 238,787 260,298 264,854 Electronic data processing expenses 280,773 314,511 397,315 Advertising 236,618 210,187 227,991 Others 295,926 321,254 354,795 1,615,005 1,715,184 1,925,745 ₩ 6,814,812 ₩ 7,200,853 ₩ 7,537,802 |
Schedule of Stock Grants Linked to Long-term and Short-term Performance | 32.2.1.1 Details of stock grants linked to long-term performance as of December 31, 2022, are as follows: Grant date Number of 1 Vesting conditions 2 (In number of shares) KB Financial Group Inc. Series 27 Jun. 16, 2020 184 Services fulfillment, m 3 non-market 4 Series 28 Nov. 21, 2020 68,135 Services fulfillment, m 3 non-market 5 Series 29 Jan. 1, 2021 79,840 Services fulfillment, m 3 non-market 4 Series 30 Apr. 1, 2021 3,069 Services fulfillment, mark 3 non-market 4 Series 33 Jan. 1, 2022 62,991 Services fulfillment, mark 3 non-market 4 Series 34 Feb. 1, 2022 654 Services fulfillment, mark 3 non-market 4 Series 35 May. 27, 2022 6,126 Services fulfillment, mark 3 non-market 4 Deferred grant in 2015 4,243 Satisfied Deferred grant in 2016 3,533 Satisfied Deferred grant in 2017 1,127 Satisfied Deferred grant in 2018 1,766 Satisfied Deferred grant in 2019 7,598 Satisfied Deferred grant in 2020 27,956 Satisfied Deferred grant in 2021 27,204 Satisfied 294,426 Kookmin Bank Series 80 Mar. 1, 2020 7,982 Services fulfillment, market performa 3 non-market 4 Series 81 Jan. 1, 2021 139,783 Services fulfillment, market performan 3 non-market 4 Series 83 Apr. 1, 2021 15,278 Services fulfillment, market performa 3 non-market 4 Series 85 Jan. 1, 2022 292,777 Services fulfillment, market performan 3 non-market 4 Services fulfillment, market performa 3 6 Series 86 Feb. 1, 2022 1,525 Services fulfillment, market perfor 3 non-market 4 Series 87 Mar. 1, 2022 2,599 Services fulfillment, market performa 3 non-market 4 Grant date Number of granted shares 1 Vesting conditions 2 (In number of shares) Series 88 Mar. 14, 2022 5,884 Services fulfillment, market performanc 3 non-market 4 Series 89 May 26, 2022 2,363 Services fulfillment, market performa 3 non-market 4 Series 90 Jul. 18, 2022 4,131 Services fulfillment, market performan 3 non-market 4 Series 91 Aug. 24, 2022 7,277 Services fulfillment, market perform 3 non-market 4 Deferred grant in 2016 2,426 Satisfied Deferred grant in 2017 4,582 Satisfied Deferred grant in 2018 2,287 Satisfied Deferred grant in 2019 32,756 Satisfied Deferred grant in 2020 53,502 Satisfied Deferred grant in 2021 156,939 Satisfied 732,091 Other subsidiaries Stock granted in 2010 106 Services fulfillme 3 non-market 4 Stock granted in 2011 146 Stock granted in 2012 420 Stock granted in 2013 544 Stock granted in 2014 1,028 Stock granted in 2015 2,374 Stock granted in 2016 3,749 Stock granted in 2017 14,006 Stock granted in 2018 26,572 Stock granted in 2019 42,273 Stock granted in 2020 165,810 Stock granted in 2021 501,365 Stock granted in 2022 249,267 1,007,660 2,034,177 1 Granted shares represent the total number of shares initially granted to executives and employees who have residual shares as of December 31, 2022 (Deferred grants are residual shares vested as of December 31, 2022). 2 Executives and employees were given the right of choice about the timing of the deferred payment 3 Relative TSR (Total Shareholder Return): [(Fair value at the end of the contract—Fair value at the beginning of the contract) + (Total amount of dividend per share paid during the contract period)] / Fair value at the beginning of the contract 4 Performance results of company and employee 5 EPS (Earnings Per Share), Asset Quality, HCROI (Human Capital Return on Investment), Profit from non-banking 6 EPS, Asset Quality 32.2.1.2 Details of stock grants linked to short-term performance as of December 31, 2022, are as follows: Estimated number of vested shares * Vesting conditions (In number of shares) KB Financial Group Inc. Stock granted in 2015 3,725 Satisfied Stock granted in 2016 4,223 Satisfied Stock granted in 2017 1,401 Satisfied Stock granted in 2018 760 Satisfied Stock granted in 2019 9,354 Satisfied Stock granted in 2020 22,586 Satisfied Stock granted in 2021 35,497 Satisfied Stock granted in 2022 46,898 Proportional to service period Kookmin Bank Stock granted in 2015 1,292 Satisfied Stock granted in 2016 4,875 Satisfied Stock granted in 2017 1,998 Satisfied Stock granted in 2018 2,109 Satisfied Stock granted in 2019 41,737 Satisfied Stock granted in 2020 89,888 Satisfied Stock granted in 2021 130,331 Satisfied Stock granted in 2022 134,402 Proportional to service period Other subsidiaries Stock granted in 2015 5,762 Satisfied Stock granted in 2016 25,831 Satisfied Stock granted in 2017 46,223 Satisfied Stock granted in 2018 99,594 Satisfied Stock granted in 2019 243,130 Satisfied Stock granted in 2020 433,210 Satisfied Stock granted in 2021 610,167 Satisfied Stock granted in 2022 324,412 Proportional to service period 2,319,405 * Executives and employees were given the right of choice about the timing of the deferred payment (after the date of retirement), payment ratio, and payment period. Accordingly, a certain percentage of the granted shares is deferred for up to five years after the date of retirement after the deferred grant has been confirmed. |
Schedule of Share Grants Measured at Fair Value | 32.2.1.3 Stock grants are measured at fair value using the MonteCarlo simulation model and assumptions used in measuring the fair value as of December 31, 2022, are as follows: Risk-free Fair value Fair value (non-market (In Korean won) Linked to long-term performance (KB Financial Group Inc.) Series 27 3.78 — 43,157~46,663 Series 28 3.78 35,289~39,662 41,704~46,873 Series 29 3.78 40,757~48,322 43,157~50,973 Series 30 3.78 38,805~43,583 41,548~46,663 Series 33 3.78 37,409~45,666 41,548~50,973 Series 34 3.78 35,486~39,839 39,958~44,859 Series 35 3.78 38,247~42,939 39,958~44,859 Deferred grant in 2015 3.78 — 43,157~50,973 Deferred grant in 2016 3.78 — 46,663~50,973 Deferred grant in 2017 3.78 — 50,973 Deferred grant in 2018 3.78 — 46,663~50,973 Deferred grant in 2019 3.78 — 50,973 Deferred grant in 2020 3.78 — 43,157~50,973 Deferred grant in 2021 3.78 — 44,859~50,973 (Kookmin Bank) Series 80 3.78 43,157~50,973 43,157~50,973 Series 81 3.78 35,905~41,289 43,157~50,973 Series 83 3.78 38,660~43,583 41,548~46,663 Series 85 3.78 33,668~37,813 41,548~46,663 Series 86 3.78 35,486~39,839 39,958~44,859 Series 87 3.78 38,957~46,013 43,157~50,973 Series 88 3.78 37,288~41,862 39,958~44,859 Series 89 3.78 40,943~48,358 43,157~50,973 Series 90 3.78 39,554~44,405 39,958~44,859 Series 91 3.78 37,840~42,481 39,958~44,859 Grant deferred in 2016 3.78 — 46,663~50,973 Grant deferred in 2017 3.78 — 46,663~50,973 Grant deferred in 2018 3.78 — 46,663~50,973 Grant deferred in 2019 3.78 — 50,973 Grant deferred in 2020 3.78 — 46,663~50,973 Grant deferred in 2021 3.78 — 44,859~50,973 (Other subsidiaries) Stock granted in 2010 3.78 — 44,859 Stock granted in 2011 3.78 — 44,859 Stock granted in 2012 3.78 — 44,859~46,663 Stock granted in 2013 3.78 — 44,859~46,663 Stock granted in 2014 3.78 — 46,663 Stock granted in 2015 3.78 — 41,548~50,973 Stock granted in 2016 3.78 — 44,859~56,379 Stock granted in 2017 3.78 — 41,548~61,294 Stock granted in 2018 3.78 — 39,958~56,379 Stock granted in 2019 3.78 — 38,393~56,379 Risk-free Fair value Fair value (non-market (In Korean won) Linked to long-term performance Stock granted in 2020 3.78 43,157~50,973 39,958~56,379 Stock granted in 2021 3.78 39,042~50,651 41,548~56,379 Stock granted in 2022 3.78 35,286~49,647 39,958~62,269 Linked to short-term performance (KB Financial Group Inc.) Stock granted in 2015 3.78 — 43,157~50,973 Stock granted in 2016 3.78 — 38,393~50,973 Stock granted in 2017 3.78 — 46,663~50,973 Stock granted in 2018 3.78 — 46,663~50,973 Stock granted in 2019 3.78 — 50,973 Stock granted in 2020 3.78 — 43,157~50,973 Stock granted in 2021 3.78 — 44,859~50,973 Stock granted in 2022 3.78 — 43,157~50,973 (Kookmin Bank) Stock granted in 2015 3.78 — 46,663~50,973 Stock granted in 2016 3.78 — 44,859~50,973 Stock granted in 2017 3.78 — 46,663~50,973 Stock granted in 2018 3.78 — 0~56,379 Stock granted in 2019 3.78 — 45,096~56,379 Stock granted in 2020 3.78 — 46,663~56,379 Stock granted in 2021 3.78 — 44,859~50,973 Stock granted in 2022 3.78 — 39,958~46,663 (Other subsidiaries) Stock granted in 2015 3.78 — 41,548~50,973 Stock granted in 2016 3.78 — 41,548~50,973 Stock granted in 2017 3.78 — 39,958~50,973 Stock granted in 2018 3.78 — 38,393~56,379 Stock granted in 2019 3.78 — 38,393~56,379 Stock granted in 2020 3.78 — 41,548~56,379 Stock granted in 2021 3.78 — 41,548~50,973 Stock granted in 2022 3.78 — 39,958~56,379 The Group uses the volatility of the stock price over the previous year as the expected volatility, and uses the arithmetic mean of the price-dividend ratio of one year before, two years before, and three years before the base year as the dividend yield and uses one-year 32.2.1.4 The accrued expenses for share-based payments related to stock grants are ₩ 193,023 million and ₩ 186,908 million as of December 31, 2021 and 2022, respectively, and the compensation costs amounting to ₩ 101,897 million and ₩ 58,340 million were recognized for the years ended December 31, 2021 and 2022, respectively. |
Schedule of Mileage Stock | 32.2.2.1 Details of mileage stock as of December 31, 2022, are as follows: Grant date Number of granted shares 1 Expected exercise 2 Remaining (In number of shares) Stock granted in 2019 Nov. 1, 2019 119 0.00 48 Nov. 8, 2019 14 0.00 6 Dec. 6, 2019 84 0.00 50 Dec. 5, 2019 56 0.00 41 Dec. 31, 2019 87 0.00 43 Stock granted in 2020 Jan. 18, 2020 28,645 0.00~0.05 15,541 May 12, 2020 46 0.00~0.36 43 Jun. 30, 2020 206 0.00~0.50 147 Aug. 26, 2020 40 0.00~0.65 27 Oct. 29, 2020 160 0.00~0.83 107 Nov. 6, 2020 45 0.00~0.85 37 Nov. 30, 2020 35 0.00~0.92 34 Dec. 2, 2020 57 0.00~0.92 44 Dec. 4, 2020 154 0.00~0.93 110 Dec. 30, 2020 88 0.00~1.00 64 Stock granted in 2021 Jan. 15, 2021 28,156 0.00~1.04 18,712 Apr. 5, 2021 89 0.00~1.26 53 Jul. 1, 2021 54 0.00~1.50 54 Jul. 2, 2021 11 0.00~1.50 11 Jul. 27, 2021 70 0.00~1.57 63 Nov. 1, 2021 71 0.00~1.84 71 Nov. 16, 2021 53 0.00~1.88 48 Dec. 6, 2021 87 0.00~1.93 87 Dec. 3, 2021 91 0.00~1.92 89 Dec. 30, 2021 76 0.00~2.00 76 Stock granted in 2022 Jan. 14, 2022 20,909 0.00~2.04 19,864 Apr. 4, 2022 65 0.00~2.26 65 Apr. 19, 2022 33 0.00~2.30 33 Jul. 1, 2022 62 0.00~2.50 62 Aug. 3, 2022 62 0.00~2.59 62 Aug. 9, 2022 80 0.00~2.61 76 Oct. 19, 2022 55 0.00~2.80 55 Nov. 1, 2022 177 0.00~2.84 177 Dec. 1, 2022 49 0.00~2.92 49 Dec. 12, 2022 114 0.00~2.95 114 Dec. 6, 2022 88 0.00~2.93 88 Dec. 2, 2022 42 0.00~2.92 42 Dec. 15, 2022 42 0.00~2.96 42 Dec. 30, 2022 114 0.00~3.00 114 80,486 56,449 1 Mileage stock is exercisable for two years after one year from the grant date at the closing price of the end of the previous month. However, mileage stock can be exercised at the closing price of the end of the previous month on the date of occurrence of retirement or transfer despite a one-year 2 Assessed based on the stock price as of December 31, 2022. These shares are vested immediately at grant date. |
Schedule of Long-term Share Based Payments | 32.2.3.1 Details of long-term share-based payments as of December 31, 2022, are as follows: Grant date Vested shares Expected exercise period (years) Vesting condition (In number of shares) Granted in 2020 2020 13,402 1.00 Services fulfillment 32.2.3.2 Long-term share-based payments are measured at fair value using the MonteCarlo simulation model and assumptions used in measuring the fair value as of December 31, 2022, are as follows: Risk-free Fair value (market performance condition) Fair value (non-market performance (In Korean won) Granted in 2020 3.78 — 46,663 |
Net Other Non-Operating Incom_2
Net Other Non-Operating Income and Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other Nonoperating Income Expense [Abstract] | |
Schedule Of Other Nonoperating Income Expense | Details of other non-operating 2020 2021 2022 (In millions of Korean won) Other non-operating Gains on disposal of property and equipment ₩ 111,132 ₩ 9,045 ₩ 155,177 Rental income 113,075 34,791 26,176 Gains on a bargain purchase 145,067 288 — Others 96,931 81,210 284,060 466,205 125,334 465,413 Other non-operating Losses on disposal of property and equipment 11,945 6,552 2,164 Donation 113,083 103,647 94,771 Restoration costs 5,043 3,436 2,750 Management cost for written-off 3,018 4,054 4,296 Others 143,726 117,182 175,903 276,815 234,871 279,884 Net other non-operating ₩ 189,390 ₩ (109,537 ) ₩ 185,529 |
Income Tax Expense (Tables)
Income Tax Expense (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Schedule of Components of Income Tax Expense Benefit | 34.1 Details of income tax expense for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Income tax payable Current income tax expense ₩ 1,099,171 ₩ 1,571,947 ₩ 1,972,104 Adjustments of income tax of prior years recognized in current tax (13,434 ) 7,952 (122,385 ) 1,085,737 1,579,899 1,849,719 Changes in deferred income tax assets and liabilities* 326,918 214,660 (1,540,280 ) Income tax recognized directly in equity and others Remeasurements of net defined benefit liabilities 4,949 18,638 (91,150 ) Currency translation differences 14,988 (15,675 ) (15,059 ) Net gains or losses on financial assets at fair value through other comprehensive income (88,907 ) (71,421 ) 1,291,023 Share of other comprehensive income or loss of associates and joint ventures 2,976 (7 ) 44 Gains or losses on cash flow hedging instruments 7,580 (21,534 ) (26,930 ) Gains or losses on hedging instruments of net investments in foreign operations (24,500 ) 25,599 24,936 Other comprehensive income or loss arising from separate account 3,671 24,206 56,765 Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk (3,350 ) (5,202 ) (14,009 ) Net gains or losses on overlay adjustment (61,637 ) (46,834 ) 167,741 Consideration for exchange right of exchangeable bonds (4,526 ) — — (148,756 ) (92,230 ) 1,393,361 Others 495 (5,104 ) (80,413 ) Income tax expense ₩ 1,264,394 ₩ 1,697,225 ₩ 1,622,387 * Due to amendments of tax laws at the end of 2022, the effect of corporate tax rate change is reflected in deferred income tax assets and liabilities that are expected to be realized after December 31, 2022. |
Schedule of Effective Income Tax Rate Reconciliation | 34.2 Analysis of the relationship between net profit before income tax expense and income tax expense for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 Tax rate Amount Tax rate Amount Tax rate Amount (In millions of Korean won) Profit before income tax expense ₩ 4,779,972 ₩ 6,081,606 ₩ 5,795,626 Income tax at the applicable tax rate* 27.28 1,304,130 27.33 1,662,080 27.32 1,583,435 Non-taxable (1.55 ) (73,855 ) (0.67 ) (40,708 ) (1.21 ) (70,105 ) Non-deductible 0.35 16,541 0.42 25,739 0.39 22,661 Tax credit and tax exemption (0.08 ) (4,016 ) (0.01 ) (361 ) (0.04 ) (2,380 ) Temporary difference for which no deferred tax is recognized 0.47 22,189 0.08 5,065 2.34 135,694 Changes in recognition and measurement of deferred tax 0.24 11,616 0.10 5,997 0.85 49,262 Income tax refund for tax of prior years (0.46 ) (22,139 ) (0.23 ) (13,953 ) (2.39 ) (138,314 ) Income tax expense of overseas branches 0.23 10,739 0.31 18,571 0.54 31,270 Tax rate change effect — — 0.19 10,726 Others (0.02 ) (811 ) 0.57 34,795 0.00 138 Average effective tax rate and income tax expense 26.45 ₩ 1,264,394 27.91 ₩ 1,697,225 27.99 ₩ 1,622,387 * |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of analysis of other comprehensive income by item [abstract] | |
Schedule Of Accumulated Other Comprehensive Income (Loss) | Changes in accumulated other comprehensive income (loss) for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Changes Reclassification Transfer within Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (282,650 ) ₩ (64,380 ) ₩ — ₩ — ₩ 18,638 ₩ (328,392 ) Currency translation differences (131,113 ) 248,998 1,995 (7,671 ) (15,675 ) 96,534 Gains on financial instruments at fair value through other comprehensive income 717,230 (62,043 ) 20,537 314,624 (71,421 ) 918,927 Share of other comprehensive income (loss) of associates and joint ventures (3,529 ) 3,276 (2,720 ) — (7 ) (2,980 ) Losses on cash flow hedging instruments (28,597 ) 95,478 (53,080 ) — (21,534 ) (7,733 ) Gains (losses) on hedging instruments of net investments in foreign operations 22,277 (88,729 ) 5,195 — 25,599 (35,658 ) Other comprehensive income (loss) arising from separate account 8,698 (81,601 ) (6,419 ) — 24,206 (55,116 ) Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk (11,507 ) 18,917 — — (5,202 ) 2,208 Gains on overlay adjustment 339,202 257,574 (90,458 ) — (46,834 ) 459,484 Assets of a disposal group held for sale — — — 7,671 — 7,671 ₩ 630,011 ₩ 327,490 ₩ (124,950 ) ₩ 314,624 ₩ (92,230 ) ₩ 1,054,945 2022 Beginning Changes Reclassification Transfer within equity Tax effect Ending (In millions of Korean won) Remeasurements of net defined benefit liabilities ₩ (328,392 ) ₩ 330,774 ₩ — ₩ — ₩ (91,150 ) ₩ (88,768 ) Currency translation differences 96,534 172,340 — — (15,059 ) 253,815 Gains (losses) on financial instruments at fair value through other comprehensive income 918,927 (4,830,635 ) 326,437 (335,203 ) 1,291,023 (2,629,451 ) Share of other comprehensive income (loss) of associates and joint ventures (2,980 ) (406 ) — — 44 (3,342 ) Gains (losses) on cash flow hedging instruments (7,733 ) 71,692 (13,288 ) — (26,930 ) 23,741 Gains (losses) on hedging instruments of net investments in foreign operations (35,658 ) (104,021 ) — — 24,936 (114,743 ) Other comprehensive income (loss) arising from separate account (55,116 ) (225,426 ) 9,042 — 56,765 (214,735 ) Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk 2,208 52,876 — — (14,009 ) 41,075 Gains (losses) on overlay adjustment 459,484 (526,085 ) (81,785 ) — 167,741 19,355 Assets of a disposal group held for sale 7,671 (7,671 ) — — — — ₩ 1,054,945 ₩ (5,066,562 ) ₩ 240,406 ₩ (335,203 ) ₩ 1,393,361 ₩ (2,713,053 ) |
Earnings per Share (Tables)
Earnings per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Schedule of Weighted Average Number of Shares | 37.1.1 Weighted average number of ordinary shares outstanding 2020 2021 2022 Number of shares Accumulated Number of shares Accumulated Number of shares Accumulated (In number of shares) Number of issued ordinary shares 415,807,920 152,185,698,720 415,807,920 151,769,890,800 408,897,068 150,138,929,728 Number of treasury shares* (26,173,585 ) (9,579,532,110 ) (26,173,585 ) (9,553,358,525 ) (19,262,733 ) (7,922,397,453 ) Average number of ordinary shares outstanding 389,634,335 142,606,166,610 389,634,335 142,216,532,275 389,634,335 142,216,532,275 Number of days 366 365 365 Weighted average number of ordinary shares outstanding 389,634,335 389,634,335 389,634,335 * The number of treasury shares have excluded the initial redemption of treasury shares from February 14, 2022, and the 2nd redemption from August 1, 2022. |
Schedule of Earnings per Share Basic by Common Class | 37.1.2 Basic earnings per share 2020 2021 2022 (In Korean won and in number of shares) Profit attributable to shareholders of the Parent Company ₩ 3,468,447,701,501 ₩ 4,409,543,288,213 ₩ 4,394,828,402,454 Deduction: Dividends on hybrid securities (22,859,500,000 ) (71,537,500,000 ) (126,402,175,000 ) Profit attributable to ordinary equity holders of the Parent Company (A) 3,445,588,201,501 4,338,005,788,213 4,268,426,227,454 Weighted average number of ordinary shares outstanding (B) 389,634,335 389,634,335 389,634,335 Basic earnings per share (A/B) ₩ 8,843 ₩ 11,134 ₩ 10,955 |
Schedule of Adjusted Profit for Diluted Earnings per Share | 37.2.1 Adjusted profit for diluted earnings per share 2020 2021 2022 (In Korean won) Profit attributable to shareholders of the Parent Company ₩ 3,468,447,701,501 ₩ 4,409,543,288,213 ₩ 4,394,828,402,454 Deduction: Dividends on hybrid securities (22,859,500,000 ) (71,537,500,000 ) (126,402,175,000 ) Profit attributable to ordinary equity holders of the Parent Company 3,445,588,201,501 4,338,005,788,213 4,268,426,227,454 Adjustments: Interest expense on exchangeable bonds 798,012,332 2,347,186,871 2,380,953,816 Adjusted profit for diluted earnings per share ₩ 3,446,386,213,833 ₩ 4,340,352,975,084 ₩ 4,270,807,181,270 |
Schedule of Adjusted Weighted Average Number of Shares for Diluted Earnings per Share | 37.2.2 Weighted average number of ordinary shares outstanding for diluted earnings per share 2020 2021 2022 (In number of shares) Weighted average number of ordinary shares outstanding 389,634,335 389,634,335 389,634,335 Adjustment: Stock grants 3,416,737 3,945,208 4,306,711 Exchangeable bonds 1,707,650 5,000,000 5,000,000 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 394,758,722 398,579,543 398,941,046 |
Schedule of Earnings per Share Diluted by Common Class | 37.2.3 Diluted earnings per share 2020 2021 2022 (In Korean won and in number of shares) Adjusted profit for diluted earnings per share ₩ 3,446,386,213,833 ₩ 4,340,352,975,084 ₩ 4,270,807,181,270 Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share 394,758,722 398,579,543 398,941,046 Diluted earnings per share ₩ 8,730 ₩ 10,890 ₩ 10,705 |
Insurance Contracts (Tables)
Insurance Contracts (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of types of insurance contracts [abstract] | |
Summary of Deferred Acquisition Costs | Details of deferred acquisition costs included in other assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Non-life ₩ 1,230,375 ₩ 1,430,461 Life insurance 345,831 479,700 ₩ 1,576,206 ₩ 1,910,161 |
Summary of Changes in the Deferred Acquisition Costs Included in Other Assets | 38.1.2 Changes in deferred acquisition costs included in other assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 965,683 ₩ 965,735 ₩ (701,043 ) ₩ 1,230,375 Life insurance 205,289 258,653 (118,111 ) 345,831 ₩ 1,170,972 ₩ 1,224,388 ₩ (819,154 ) ₩ 1,576,206 2022 Beginning Increase Amortization Ending (In millions of Korean won) Non-life ₩ 1,230,375 ₩ 1,060,160 ₩ (860,074 ) ₩ 1,430,461 Life insurance 345,831 292,579 (158,710 ) 479,700 ₩ 1,576,206 ₩ 1,352,739 ₩ (1,018,784 ) ₩ 1,910,161 |
Summary of Reinsurance Assets Included in Other Assets | Details of reinsurance assets included in other assets as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Non-life Reserve for outstanding claims: General insurance ₩ 879,936 ₩ 869,492 Automobile insurance 16,989 15,136 Long-term insurance 178,531 187,619 Unearned premium reserve: General insurance 262,020 262,817 Automobile insurance 5,575 1,078 1,343,051 1,336,142 Life insurance Reserve for outstanding claims 2,169 2,300 Unearned premium reserve 985 950 3,154 3,250 Others Reserve for outstanding claims 2,103 2,462 Unearned premium reserve 620 587 2,723 3,049 Total reinsurance assets 1,348,928 1,342,441 Less: Allowances for impairment losses (436 ) (4,054 ) ₩ 1,348,492 ₩ 1,338,387 |
Summary of Changes in Reinsurance Assets Included in Other Assets | Changes in reinsurance assets included in other assets for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Net increase Ending (In millions of Korean won) Non-life Reserve for outstanding claims: General insurance ₩ 732,579 ₩ 147,357 ₩ 879,936 Automobile insurance 14,916 2,073 16,989 Long-term insurance 156,234 22,297 178,531 Unearned premium reserve: General insurance 285,634 (23,614 ) 262,020 Automobile insurance 10,870 (5,295 ) 5,575 1,200,233 142,818 1,343,051 Life insurance Reserve for outstanding claims 2,081 88 2,169 Unearned premium reserve 951 34 985 3,032 122 3,154 Others Reserve for outstanding claims 2,427 (324 ) 2,103 Unearned premium reserve 895 (275 ) 620 3,322 (599 ) 2,723 Total reinsurance assets 1,206,587 142,341 1,348,928 Less: Allowances for impairment losses (879 ) 443 (436 ) ₩ 1,205,708 ₩ 142,784 ₩ 1,348,492 2022 Beginning Net increase Ending (In millions of Korean won) Non-life Reserve for outstanding claims: General insurance ₩ 879,936 ₩ (10,444 ) ₩ 869,492 Automobile insurance 16,989 (1,853 ) 15,136 Long-term insurance 178,531 9,088 187,619 Unearned premium reserve: General insurance 262,020 797 262,817 Automobile insurance 5,575 (4,497 ) 1,078 1,343,051 (6,909 ) 1,336,142 Life insurance Reserve for outstanding claims 2,169 131 2,300 Unearned premium reserve 985 (35 ) 950 3,154 96 3,250 Others Reserve for outstanding claims 2,103 359 2,462 Unearned premium reserve 620 (33 ) 587 2,723 326 3,049 Total reinsurance assets 1,348,928 (6,487 ) 1,342,441 Less: Allowances for impairment losses (436 ) (3,618 ) (4,054 ) ₩ 1,348,492 ₩ (10,105 ) ₩ 1,338,387 |
Summary of Insurance Liabilities | Details of insurance liabilities by insurance type as of December 31, 2021 and 2022, are as follows: December 31, 2021 Non-life Life insurance Others Total (In millions of Korean won) Premium reserve* ₩ 26,086,004 ₩ 24,363,509 ₩ — ₩ 50,449,513 Reserve for outstanding claims 3,378,427 259,848 2,102 3,640,377 Unearned premium reserve 1,909,327 9,358 622 1,919,307 Reserve for dividend to policyholders 122,025 40,960 — 162,985 Reserve for distribution of earnings to policyholders 63,093 4,857 — 67,950 Reserve for loss compensation on participating insurance 24,790 6,108 — 30,898 Guarantee reserve — 894,906 — 894,906 ₩ 31,583,666 ₩ 25,579,546 ₩ 2,724 ₩ 57,165,936 December 31, 2022 Non-life Life insurance Others Total (In millions of Korean won) Premium reserve* ₩ 26,765,973 ₩ 24,613,169 ₩ — ₩ 51,379,142 Reserve for outstanding claims 3,531,159 225,226 2,460 3,758,845 Unearned premium reserve 2,038,077 7,112 588 2,045,777 Reserve for dividend to policyholders 132,076 39,233 — 171,309 Reserve for distribution of earnings to policyholders 63,821 3,866 — 67,687 Reserve for loss compensation on participating insurance 24,070 5,392 — 29,462 Guarantee reserve — 778,081 — 778,081 ₩ 32,555,176 ₩ 25,672,079 ₩ 3,048 ₩ 58,230,303 * Includes negative VOBA amounting to ₩ 2,390,985 million and ₩ 2,111,541 million as of December 31, 2021 and 2022, respectively. |
Summary of Changes in Insurance Liabilities | Changes in insurance liabilities for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Net increase 1 Ending (In millions of Korean won) Non-life General insurance ₩ 1,568,741 ₩ 222,543 ₩ 1,791,284 Automobile insurance 1,897,872 127,693 2,025,565 Long-term insurance 26,362,479 1,373,257 27,735,736 Long-term investment contract 106,853 (75,772 ) 31,081 Life insurance Pure endowment insurance 7,570,349 436,999 8,007,348 Death insurance 15,706,051 810,366 16,516,417 Endowment insurance 1,188,299 (142,962 ) 1,045,337 Group insurance and others 2 11,330 (885 ) 10,445 Others 3,322 (599 ) 2,723 ₩ 54,415,296 ₩ 2,750,640 ₩ 57,165,936 2022 Beginning Net increase 1 Ending (In millions of Korean won) Non-life General insurance ₩ 1,791,284 ₩ 68,690 ₩ 1,859,974 Automobile insurance 2,025,565 145,331 2,170,896 Long-term insurance 27,735,736 778,634 28,514,370 Long-term investment contract 31,081 (21,147 ) 9,934 Life insurance Pure endowment insurance 8,007,348 (840,495 ) 7,166,853 Death insurance 16,516,417 816,485 17,332,902 Endowment insurance 1,045,337 118,328 1,163,665 Group insurance and others 2 10,445 (1,785 ) 8,660 Others 2,723 326 3,049 ₩ 57,165,936 ₩ 1,064,367 ₩ 58,230,303 1 Includes exchange differences effect and decrease in liabilities related to investment contracts. 2 Includes reserve for distribution of earnings to policyholders and reserve for loss compensation on participating insurance. |
Summary of Assumptions and Basis for the Insurance Liability Adequacy Test | According to the revision of the Detailed Regulations on Supervision of Insurance Business, the criteria for the insurance liability adequacy test were changed, and the Group accounted for the change as a change in accounting policy because it provided reliable and more relevant information about current estimates of future cash flows. This change in accounting policy has no effect on the consolidated financial statements, but comparative notes have been restated. Assumptions and calculation basis for the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2021 and 2022, are as follows: Assumptions (%) Calculation basis December 31, December 31, Long-term insurance Discount rate -3.39 ~ 19.54 -2.84 ~ 21.14 Calculated by applying an interest rate scenario which is a risk-free rate scenario adjusted by liquidity premium presented by director of the Financial Supervisory Service Expense ratio 6.25 5.93 Calculated using future expense plan based on the recent one-year Lapse ratio 1.49 ~ 35.98 1.37 ~ 32.92 Calculated based on the recent five-year experience statistics Risk ratio 7.4 ~ 1,143.8 8.2 ~ 1,214.3 Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics General insurance Lapse ratio 0.9 0.86 Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years Assumptions (%) Calculation basis December 31, December 31, Sales cost ratio 6.3 6.31 Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) Maintenance cost ratio 10.5 9.12 Ratio of maintenance cost to earned premiums by type of contracts for the preceding year Claim survey cost ratio 4.7 4.54 Ratio of claim survey cost to insurance claim payments by type of contracts for the preceding three years Loss ratio 78.5 82.27 Ratio of final loss incurred to earned premiums by type of contracts for the preceding five years Automobile insurance Lapse ratio 4.7 4.7 Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years Sales cost ratio 7.6 7.5 Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) Maintenance cost ratio 8.8 8.5 Ratio of maintenance cost to earned premiums by type of collaterals for the preceding year Claim survey cost ratio 8.1 8.1 Ratio of claim survey cost to insurance claim payments by type of collaterals for the preceding three years Loss ratio 78.2 77.6 Ratio of final loss incurred to earned premiums by type of collaterals for the preceding five years Assumptions and calculation basis for the insurance liability adequacy test of KB Life Insurance Co., Ltd. as of December 31, 2021 and 2022, are as f ollows: Assumptions (%) December 31, 2021 December 31, 2022 Calculation basis Lapse ratio 0 ~ 65.57 0 Ratio of canceled premiums to premiums by product group, method of payment, channel, and elapsed period, based on the recent five-year experience statistics Loss ratio 22 ~ 162 20 Ratio of number of accidents to the number of holding contracts, by collateral, gender, and elapsed period, based on the recent seven-year experience statistics Discount rate -3.39 ~ 19.54 -2.84 Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread Assumptions and calculation basis for the insurance liability adequacy test of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) as of December 31, 2021 and 2022, are as follows: Assumptions (%) December 31, 2021 December 31, 2022 Calculation basis Discount rate -3.39 ~ 19.54 -2.84 ~ 21.14 Calculated by applying an interest rate scenario which is a risk-free rate scenario adjusted by liquidity premium presented by the Financial Supervisory Service Lapse ratio 1 ~ 26 1.3 ~ 25 Calculated based on the amount of insurance coverage by elapsed period based on the recent five-year experience statistics Risk ratio 28 ~ 545 21 ~ 982 Calculated by ratio of insurance claim payments to risk premiums by elapsed period based on the recent five-year experience statistics |
Summary of Results of the Insurance Liability Adequacy Test | Results of the insurance liability adequacy test of KB Insurance Co., Ltd. as of December 31, 2021 and 2022, are as follows: December 31, 2021 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) General insurance ₩ 465,812 ₩ 437,555 ₩ 28,257 Automobile insurance 1,401,462 1,322,026 79,436 Long-term insurance 21,812,939 14,277,162 7,535,777 ₩ 23,680,213 ₩ 16,036,743 ₩ 7,643,470 December 31, 2022 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) General insurance ₩ 570,608 ₩ 537,204 ₩ 33,404 Automobile insurance 1,491,245 1,395,407 95,838 Long-term insurance 22,309,067 8,538,565 13,770,502 ₩24,370,920 ₩ 10,471,176 ₩ 13,899,744 * In the case of long-term 6-3 The insurance liability adequacy test of KB Life Insurance Co., Ltd. is performed by contract type such as interest rate type and dividend type. Results of the insurance liability adequacy test as of December 31, 2021 and 2022, are as follows: December 31, 2021 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) Fixed interest type Participating ₩ 30,828 ₩ 51,443 ₩ (20,615 ) Non-participating 664,569 5,876 658,693 Variable interest type Participating 896,754 913,067 (16,313 ) Non-participating 5,754,214 5,263,775 490,439 Variable type (7,822 ) (101,418 ) 93,596 ₩ 7,338,543 ₩ 6,132,743 ₩ 1,205,800 December 31, 2022 Recognized Estimated adequate Surplus (shortfall) (In millions of Korean won) Fixed interest type Participating ₩ 30,720 ₩ 43,889 ₩ (13,169 ) Non-participating 1,238,004 (6,488 ) 1,244,492 Variable interest type Participating 814,350 817,087 (2,737 ) Non-participating 4,826,517 4,219,110 607,407 Variable type (45,907 ) (103,354 ) 57,447 ₩ 6,863,684 ₩ 4,970,244 ₩ 1,893,440 As a result of the liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of the liability adequacy test as of December 31, 2022. The insurance liability adequacy test of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) is performed by contract type such as interest rate type and dividend type. Results of the insurance liability adequacy test as of December 31, 2021 and 2022, are as follows: Surplus (shortfall) December 31, 2021 December 31, 2022 (In millions of Korean won) Fixed interest type Participating ₩ (7,687 ) ₩ 1,177 Non-participating 787,200 4,484,049 Variable interest type Non-participating 128,963 185,675 Variable type 1,278,620 1,265,066 ₩ 2,187,096 ₩ 5,935,967 As a result of the liability adequacy test, the Group did not set additional reserve as it shows net surplus. As such, there was no amount recorded as a result of the liability adequacy test as of December 31, 2022. |
Summary of Insurance Income and Expenses | Details of insurance income and insurance expenses for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Insurance income Premium income ₩ 12,872,727 ₩ 14,684,383 ₩ 15,765,939 Reinsurance income 823,500 990,437 1,029,943 Reversal of policy reserve 85 599 — Separate account income 216,485 286,967 331,281 Income from changes in reinsurance assets 467,729 135,159 — Other insurance income 6,114 10,313 9,679 14,386,640 16,107,858 17,136,842 Insurance expenses Insurance claims paid 5,264,829 5,777,899 6,325,021 Dividend expenses 11,661 14,038 15,370 Refunds of surrender value 3,286,150 4,032,209 5,556,410 Reinsurance expenses 1,127,304 1,163,056 1,268,711 Provision for policy reserve 2,709,903 2,761,735 1,046,300 Separate account expenses 113,703 112,180 264,517 Administration expenses 563,085 644,947 715,317 Amortization of deferred acquisition costs 767,633 819,154 1,018,784 Expenses from changes in reinsurance assets 163 — — Claim survey expenses paid 58,873 60,234 73,803 Other insurance expenses 183,343 165,695 156,096 14,086,647 15,551,147 16,440,329 Net insurance income ₩ 299,993 ₩ 556,711 ₩ 696,513 |
Summary of Exposure to Insurance Price Risk | The Group’s exposure to insurance price risk as of December 31, 2021 and 2022, as follows: December 31, 2021 Direct risk premium Assumed risk Ceded risk Total (In millions of Korean won) General ₩ 1,161,427 ₩ 93,191 ₩ (630,231 ) ₩ 624,387 Automobile 2,538,277 — (13,683 ) 2,524,594 Long-term 3,128,821 — (462,261 ) 2,666,560 ₩ 6,828,525 ₩ 93,191 ₩ (1,106,175 ) ₩ 5,815,541 December 31, 2022 Direct risk premium Assumed risk Ceded risk Total (In millions of Korean won) General ₩ 1,287,819 ₩ 121,296 ₩ (698,981 ) ₩ 710,134 Automobile 2,684,544 — (4,788 ) 2,679,756 Long-term 3,495,031 — (494,563 ) 3,000,468 ₩ 7,467,394 ₩ 121,296 ₩ (1,198,332) ₩ 6,390,358 |
Summary of Loss Development Tables for Non-Life Insurance | Claims development tables The Group verifies and evaluates the adequacy of reserve for outstanding claims for general, automobile, and long-term insurance with two or more methods, including paid loss development trend and incurred loss development trend. If the individually estimated claims are insufficient, the Group recognizes additional reserves. Claims development tables as of December 31, 2021 and 2022, are as follows: <2021> General Insurance Development year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2017.1.1 ~ 2017.12.31 ₩ 169,234 ₩ 201,406 ₩ 205,075 ₩ 206,856 ₩ 207,252 2018.1.1 ~ 2018.12.31 200,968 241,471 246,499 250,083 — 2019.1.1 ~ 2019.12.31 219,419 263,105 267,687 — — 2020.1.1 ~ 2020.12.31 232,622 273,531 — — — 2021.1.1 ~ 2021.12.31 290,480 — — — — 1,112,723 979,513 719,261 456,939 207,252 Gross cumulative claim payments (B) 2017.1.1 ~ 2017.12.31 133,254 185,107 194,511 199,926 202,548 2018.1.1 ~ 2018.12.31 153,770 217,955 235,900 240,171 — 2019.1.1 ~ 2019.12.31 185,645 246,397 258,465 — — 2020.1.1 ~ 2020.12.31 167,129 244,074 — — — 2021.1.1 ~ 2021.12.31 236,265 — — — — 876,063 893,533 688,876 440,097 202,548 Difference (A-B) ₩ 236,660 ₩ 85,980 ₩ 30,385 ₩ 16,842 ₩ 4,704 Automobile Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2015.1.1 ~ 2015.12.31 ₩ 1,227,107 ₩ 1,245,781 ₩ 1,256,059 ₩ 1,263,044 ₩ 1,267,142 ₩ 1,271,000 ₩ 1,282,673 2016.1.1 ~ 2016.12.31 1,276,939 1,281,381 1,287,728 1,294,735 1,299,964 1,309,221 — 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 1,368,016 1,371,619 — — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 1,481,509 1,488,890 — — — 2019.1.1 ~ 2019.12.31 1,591,793 1,620,609 1,635,704 — — — — 2020.1.1 ~ 2020.12.31 1,624,341 1,632,626 — — — — — 2021.1.1 ~ 2021.12.31 1,750,508 — — — — — — 10,282,470 8,601,032 7,019,867 5,414,685 3,938,725 2,580,221 1,282,673 Gross cumulative claim payments (B) 2015.1.1 ~ 2015.12.31 1,020,975 1,198,240 1,228,357 1,245,780 1,254,186 1,261,995 1,264,247 2016.1.1 ~ 2016.12.31 1,052,830 1,235,656 1,264,651 1,282,346 1,288,754 1,291,380 — 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 1,350,174 1,357,903 — — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 1,456,532 1,471,379 — — — 2019.1.1 ~ 2019.12.31 1,332,849 1,570,194 1,598,956 — — — — 2020.1.1 ~ 2020.12.31 1,353,799 1,570,730 — — — — — 2021.1.1 ~ 2021.12.31 1,445,877 — — — — — — 8,535,308 8,310,028 6,884,458 5,349,679 3,900,843 2,553,375 1,264,247 Difference (A-B) ₩ 1,747,162 ₩ 291,004 ₩ 135,409 ₩ 65,006 ₩ 37,882 ₩ 26,846 ₩ 18,426 Long-term Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2015.1.1 ~ 2015.12.31 ₩ 885,476 ₩ 1,219,394 ₩ 1,256,051 ₩ 1,266,881 ₩ 1,270,967 ₩ 1,273,615 ₩ 1,275,520 2016.1.1 ~ 2016.12.31 1,064,744 1,437,574 1,485,839 1,500,403 1,506,889 1,510,197 — 2017.1.1 ~ 2017.12.31 1,184,224 1,614,903 1,670,929 1,689,768 1,695,477 — — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 1,941,497 1,965,983 — — — 2019.1.1 ~ 2019.12.31 1,626,481 2,229,830 2,297,861 — — — — 2020.1.1 ~ 2020.12.31 1,818,316 2,442,633 — — — — — 2021.1.1 ~ 2021.12.31 2,124,582 — — — — — — 10,076,529 10,825,380 8,652,177 6,423,035 4,473,333 2,783,812 1,275,520 Gross cumulative claim payments (B) 2015.1.1 ~ 2015.12.31 836,472 1,205,130 1,248,475 1,262,528 1,269,557 1,272,648 1,274,908 2016.1.1 ~ 2016.12.31 1,017,243 1,424,948 1,477,415 1,496,556 1,503,841 1,507,284 — 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 1,683,997 1,692,323 — — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 1,933,543 1,958,256 — — — 2019.1.1 ~ 2019.12.31 1,574,696 2,211,717 2,288,023 — — — — 2020.1.1 ~ 2020.12.31 1,749,647 2,426,351 — — — — — 2021.1.1 ~ 2021.12.31 2,057,154 — — — — — — 9,685,693 10,735,807 8,610,434 6,401,337 4,465,721 2,779,932 1,274,908 Difference (A-B) ₩ 390,836 ₩ 89,573 ₩ 41,743 ₩ 21,698 ₩ 7,612 ₩ 3,880 ₩ 612 <2022> General Insurance Development year Accident year After 1 year After 2 years After 3 years After 4 years After 5 years (In millions of Korean won) Estimate of gross ultimate claims (A) 2018.1.1 ~ 2018.12.31 ₩ 200,968 ₩ 241,474 ₩ 246,871 ₩ 250,935 ₩ 251,815 2019.1.1 ~ 2019.12.31 220,043 266,489 270,815 271,047 — 2020.1.1 ~ 2020.12.31 235,365 274,260 277,957 — — 2021.1.1 ~ 2021.12.31 296,348 347,715 — — — 2022.1.1 ~ 2022.12.31 336,344 — — — — 1,289,068 1,129,938 795,643 521,982 251,815 Gross cumulative claim payments (B) 2018.1.1 ~ 2018.12.31 153,770 217,955 235,900 240,518 245,732 2019.1.1 ~ 2019.12.31 185,645 247,945 260,774 264,952 — 2020.1.1 ~ 2020.12.31 169,859 246,805 257,784 — — 2021.1.1 ~ 2021.12.31 237,065 317,089 — — — 2022.1.1 ~ 2022.12.31 240,982 — — — — 987,321 1,029,794 754,458 505,470 245,732 Difference (A-B) ₩ 301,747 ₩ 100,144 ₩ 41,185 ₩ 16,512 ₩ 6,083 Automobile Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2016.1.1 ~ 2016.12.31 ₩ 1,276,939 ₩ 1,281,381 ₩ 1,287,728 ₩ 1,294,735 ₩ 1,299,964 ₩ 1,309,221 ₩ 1,316,456 2017.1.1 ~ 2017.12.31 1,342,998 1,348,828 1,358,867 1,368,016 1,371,619 1,377,499 — 2018.1.1 ~ 2018.12.31 1,468,784 1,471,807 1,481,509 1,488,890 1,498,384 — — 2019.1.1 ~ 2019.12.31 1,591,793 1,620,609 1,635,704 1,649,928 — — — 2020.1.1 ~ 2020.12.31 1,624,341 1,632,626 1,639,325 — — — — 2021.1.1 ~ 2021.12.31 1,750,508 1,757,801 — — — — — 2022.1.1 ~ 2022.12.31 1,858,395 — — — — — — 10,913,758 9,113,052 7,403,133 5,801,569 4,169,967 2,686,720 1,316,456 Gross cumulative claim payments (B) 2016.1.1 ~ 2016.12.31 1,052,830 1,235,655 1,264,651 1,282,346 1,288,754 1,291,380 1,293,473 2017.1.1 ~ 2017.12.31 1,104,158 1,306,235 1,335,962 1,350,174 1,357,903 1,361,232 — 2018.1.1 ~ 2018.12.31 1,224,820 1,428,973 1,456,532 1,471,379 1,476,781 — — 2019.1.1 ~ 2019.12.31 1,332,849 1,570,194 1,598,956 1,614,015 — — — 2020.1.1 ~ 2020.12.31 1,353,799 1,570,730 1,595,586 — — — — 2021.1.1 ~ 2021.12.31 1,445,877 1,684,092 — — — — — 2022.1.1 ~ 2022.12.31 1,516,007 — — — — — — 9,030,340 8,795,879 7,251,687 5,717,914 4,123,438 2,652,612 1,293,473 Difference (A-B) ₩ 1,883,418 ₩ 317,173 ₩ 151,446 ₩ 83,655 ₩ 46,529 ₩ 34,108 ₩ 22,983 Long-term Insurance Development year Accident year After 1 After 2 After 3 After 4 After 5 After 6 After 7 (In millions of Korean won) Estimate of gross ultimate claims (A) 2016.1.1 ~ 2016.12.31 ₩ 1,064,743 ₩ 1,437,574 ₩ 1,485,839 ₩ 1,500,403 ₩ 1,506,889 ₩ 1,510,197 ₩ 1,511,728 2017.1.1 ~ 2017.12.31 1,184,224 1,614,904 1,670,929 1,689,768 1,695,477 1,698,804 — 2018.1.1 ~ 2018.12.31 1,372,706 1,881,046 1,941,497 1,965,983 1,972,727 — — 2019.1.1 ~ 2019.12.31 1,626,481 2,229,830 2,297,861 2,324,246 — — — 2020.1.1 ~ 2020.12.31 1,818,316 2,442,633 2,514,577 — — — — 2021.1.1 ~ 2021.12.31 2,124,582 2,841,110 — — — — — 2022.1.1 ~ 2022.12.31 2,277,455 — — — — — — 11,468,507 12,447,097 9,910,703 7,480,400 5,175,093 3,209,001 1,511,728 Gross cumulative claim payments (B) 2016.1.1 ~ 2016.12.31 1,017,244 1,424,948 1,477,414 1,496,556 1,503,841 1,507,284 1,509,334 2017.1.1 ~ 2017.12.31 1,130,868 1,599,227 1,662,978 1,683,997 1,692,323 1,696,284 — 2018.1.1 ~ 2018.12.31 1,319,613 1,868,434 1,933,543 1,958,256 1,967,097 — — 2019.1.1 ~ 2019.12.31 1,574,696 2,211,717 2,288,023 2,316,190 — — — 2020.1.1 ~ 2020.12.31 1,749,647 2,426,351 2,503,496 — — — — 2021.1.1 ~ 2021.12.31 2,057,154 2,818,484 — — — — — 2022.1.1 ~ 2022.12.31 2,168,671 — — — — — — 11,017,893 12,349,161 9,865,454 7,454,999 5,163,261 3,203,568 1,509,334 Difference (A-B) ₩ 450,614 ₩ 97,936 ₩ 45,249 ₩ 25,401 ₩ 11,832 ₩ 5,433 ₩ 2,394 |
Summary of Sensitivity to Insurance Risk | Sensitivity analysis of insurance risk The Group manages insurance risk by performing sensitivity analysis based on lapse ratio, loss ratio, expense ratio, discount rate, and others which are considered to have significant influence on future cash flow, timing, and uncertainty. Sensitivity analysis of insurance liabilities was conducted only in the unfavorable direction where additional insurance liabilities could be reserved as the surplus was sufficient as a result of the insurance liability adequacy test. December 31, 2021 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 337,969 ₩ — ₩ — ₩ — Loss ratio +10 % 6,065,429 — — — Expense ratio +10 % 503,132 — — — Discount rate -0.5 %p 1,985,421 — — — December 31, 2022 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 495,870 ₩ — ₩ — ₩ — Loss ratio +10 % 5,745,896 — — — Expense ratio +10 % 413,073 — — — Discount rate -0.5 %p 1,084,314 — — — The Group manages insurance risk by performing sensitivity analysis based on lapse ratio, claim ratio, expense ratio, discount rate, and others which are considered to have significant influence on future cash flow, timing, and uncertainty. Sensitivity analysis of insurance liabilities was conducted only in the unfavorable direction where additional insurance liabilities could be reserved as the surplus was sufficient as a result of the insurance liability adequacy test. December 31, 2021 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 114,427 ₩ — ₩ — ₩ — Claim ratio +10 % 571,446 — — — Expense ratio +10 % 157,924 — — — Discount rate -0.5 %p 1,563,571 — — — December 31, 2022 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 212,126 ₩ — ₩ — ₩ — Claim ratio +10 % 468,779 — — — Expense ratio +10 % 125,063 — — — Discount rate -0.5 %p 1,106,606 — — — 38.6.6 Sensitivity analysis of insurance risk The Group manages insurance risk by performing sensitivity analysis based on lapse ratio, claim ratio, expense ratio, discount rate, and others which are considered to have significant influence on future cash flow, timing, and uncertainty. Sensitivity analysis of insurance liabilities was conducted only in the unfavorable direction where additional insurance liabilities could be reserved as the surplus was sufficient as a result of the insurance liability adequacy test. December 31, 2021 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 82,811 ₩ — ₩ — ₩ — Claim ratio +10 % 50,899 — — — Expense ratio +10 % 53,511 — — — Discount rate -0.5 %p 482,638 — — — December 31, 2022 Assumption change Effect on Base amount of LAT Insurance liabilities Profit before tax Equity (In millions of Korean won) Lapse ratio +10 % ₩ 121,800 ₩ — ₩ — ₩ — Claim ratio +10 % 60,023 — — — Expense ratio +10 % 49,380 — — — Discount rate -0.5 %p 417,625 — — — |
Summary of Maturity Structure of Premium Reserve Related to Liquidity Risk | Maturity structure of premium reserve as of December 31, 2021 and 2022, as follows: December 31, 2021 * Up to 1~5 years 5~10 years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating: Fixed interest type ₩ 121,988 ₩ 64,730 ₩ 77,880 ₩ 59,042 ₩ 324,259 ₩ 647,899 Variable interest type 959,348 1,958,267 1,536,690 919,726 16,123,312 21,497,343 1,081,336 2,022,997 1,614,570 978,768 16,447,571 22,145,242 Annuity: Fixed interest type — 820 2,134 3,813 532 7,299 Variable interest type 252 103,419 407,556 1,324,916 2,121,076 3,957,219 252 104,239 409,690 1,328,729 2,121,608 3,964,518 Total: Fixed interest type 121,988 65,550 80,014 62,855 324,791 655,198 Variable interest type 959,600 2,061,686 1,944,246 2,244,642 18,244,388 25,454,562 ₩ 1,081,588 ₩ 2,127,236 ₩ 2,024,260 ₩ 2,307,497 ₩ 18,569,179 ₩ 26,109,760 December 31, 2022 * Up to 1~5 years 5~10 years 10~20 years Over 20 years Total (In millions of Korean won) Long-term insurance non-participating: Fixed interest type ₩ 22,436 ₩ 90,447 ₩ 26,234 ₩ 65,721 ₩ 575,938 ₩ 780,776 Variable interest type 480,248 2,178,620 924,254 991,874 17,517,632 22,092,628 502,684 2,269,067 950,488 1,057,595 18,093,570 22,873,404 Annuity: Fixed interest type 39 992 1,935 3,700 398 7,064 Variable interest type 296 114,980 416,820 1,325,911 2,050,230 3,908,237 335 115,972 418,755 1,329,611 2,050,628 3,915,301 Total: Fixed interest type 22,475 91,439 28,169 69,421 576,336 787,840 Variable interest type 480,544 2,293,600 1,341,074 2,317,785 19,567,862 26,000,865 ₩ 503,019 ₩ 2,385,039 ₩ 1,369,243 ₩ 2,387,206 ₩ 20,144,198 ₩ 26,788,705 * Includes long-term investment contracts liabilities classified as investment contracts amounting to ₩31,081 million and ₩9,934 million, as of December 31, 2021 and 2022, respectively. 38.6.5 Maturity structure of premium reserve and unearned premium reserve as of December 31, 2021 and 2022, as follows: December 31, 2021 Up to 3 years 3-5 years 5-10 years 10-15 years 15-20 years Over 20 years Total (In millions of Korean won) Premium reserve ₩ 651,638 ₩ 285,623 ₩ 578,102 ₩ 386,515 ₩ 545,270 ₩ 5,403,252 ₩ 7,850,400 Unearned premium reserve 156 — 24 — — 5,763 5,943 December 31, 2022 Up to 3 years 3-5 years 5-10 years 10-15 years 15-20 years Over 20 years Total (In millions of Korean won) Premium reserve ₩ 411,197 ₩ 243,863 ₩ 749,678 ₩ 336,597 ₩ 492,547 ₩ 5,200,432 ₩ 7,434,314 Unearned premium reserve 168 1 21 — 2 4,048 4,240 |
Summary of Credit Risk of Insurance Contracts | Concentration and credit ratings for top three reinsurance companies as of December 31, 2022, are as follows: Reinsurance company Ratio Credit rating KOREAN RE 29.82 % AA MUNICH RE 8.53 % AAA HISCOX 5.44 % AA+ Exposures to credit risk related to reinsurance as of December 31, 2021 and 2022 as follows: December 31, December 31, (In millions of Korean won) Reinsurance assets 1 ₩ 1,342,615 ₩ 1,332,088 Receivables from reinsurers 2 377,619 396,292 ₩ 1,720,234 ₩ 1,728,380 1 Net carrying amount after impairment losses 2 Net carrying amount after allowances for credit losses |
Summary of Exposure to Interest Rate Risk of Insurance Contract | Exposure to interest rate risk December 31, 2021 December 31, 2022 (In millions of Korean won) Interest-bearing liabilities Fixed interest rate type ₩ 489,399 ₩ 520,250 Variable interest rate type 24,246,760 24,802,062 ₩ 24,736,159 ₩ 25,322,312 Interest-bearing assets Due from financial institutions measured at amortized cost and cash equivalents ₩ 81,806 ₩ 113,043 Financial assets at fair value through profit or loss 3,863,978 5,076,615 Financial assets at fair value through other comprehensive income 4,488,443 5,000,002 Securities measured at amortized cost 8,514,272 8,373,125 Loans measured at amortized cost 6,433,839 6,506,787 ₩ 23,382,338 ₩ 25,069,572 |
Summary of Maximum Exposures to Insurance Price Risk | Maximum exposures to insurance price risk as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Before reinsurance After reinsurance Before reinsurance After reinsurance (In millions of Korean won) Death ₩ 14,977 ₩ 11,976 ₩ 16,025 ₩ 4,462 Disability 586 296 526 412 Hospitalization 1,124 730 1,040 399 Operation and diagnosis 5,088 1,110 5,927 4,929 Actual medical expense 1,194 262 1,310 1,200 Others 972 316 943 765 ₩ 23,941 ₩ 14,690 ₩ 25,771 ₩ 12,167 Maximum exposures to insurance price risk as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Before reinsurance After reinsurance Before reinsurance After reinsurance (In millions of Korean won) Death ₩ 253,325 ₩ 250,045 ₩ 273,801 ₩ 270,623 Disability 10,331 10,230 10,220 10,199 Hospitalization 34,194 34,194 35,067 35,067 Operation and diagnosis 81,429 79,850 84,937 83,261 ₩ 379,279 ₩ 374,319 ₩ 404,025 ₩ 399,150 |
Summary of Exposure of Market Risk Arising from Embedded Derivatives Included in Host Insurance Contracts | Exposures to market risk arising from embedded derivatives included in host insurance contracts as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 Policyholders’ Guarantee reserve Policyholders’ reserve * Guarantee reserve (In millions of Korean won) Variable annuity ₩ 611,283 ₩ 3,014 ₩ 626,542 ₩ 3,532 Variable universal 78,689 2,768 66,057 2,627 Variable saving 556,196 393 519,893 365 ₩ 1,246,168 ₩ 6,175 ₩ 1,212,492 ₩ 6,524 * Excludes the amount of the lapsed insurance reserve. |
Summary of ceded reinsurance Permiums by credit rating of reinsurer | Details of the ceded reinsurance premiums by credit rating of reinsurer for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 Ceded reinsurance premium Proportion (%) Ceded reinsurance premium Proportion (%) (In millions of Korean won) AA- or higher ₩ 5,223 100.00 ₩ 4,535 100.00 A+ ~ A- — — — — BBB+ or lower — — — — Others — — — — ₩ 5,223 100.00 ₩ 4,535 100.00 |
Summary of Maturity Structure of Premium Reserve | Maturity structure of premium reserve and unearned premium reserve as of December 31, 2021 and 2022, are as follows: December 31, 2021 Up to 3 years 3-5 years 5-10 years 10-15 years 15-20 years Over 20 years Total (In millions of Korean won) Premium reserve ₩ 39,578 ₩ 40,894 ₩ 154,062 ₩ 237,021 ₩ 528,373 ₩ 13,122,197 ₩ 14,122,125 Unearned premium 31 15 50 51 65 4,092 4,304 December 31, 2022 Up to 3 years 3-5 years 5-10 years 10-15 years 15-20 years Over 20 years Total (In millions of Korean won) Premium reserve ₩ 42,775 ₩ 40,755 ₩ 168,133 ₩ 265,998 ₩ 639,920 ₩ 13,909,732 ₩ 15,067,313 Unearned premium 30 13 46 41 56 3,636 3,822 |
Summary of Financial Assets Subject to the Overlay Approach | 38.8.1 Details of financial assets subject to the overlay approach as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Financial assets at fair value through profit or loss: Due from financial institutions ₩ 80,179 ₩ 69,469 Debt securities 8,023,999 8,806,018 Equity securities 239,426 60,611 ₩ 8,343,604 ₩ 8,936,098 |
Summary of Changes of Net Gains (Losses) on Overlay Adjustment | 38.8.2 Changes in net gains on overlay adjustment for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 (In millions of Korean won) Beginning ₩ 339,202 ₩ 459,484 Recognition of other comprehensive income due to acquisition and valuation 185,906 (381,037 ) Reclassification to profit or loss due to disposal (65,624 ) (59,092 ) Ending ₩ 459,484 ₩ 19,355 |
Statement of Cash Flows (Tables
Statement of Cash Flows (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Statement of cash flows [abstract] | |
Summary Of Cash And Cash Equivalents Explanatory | 39.1 Details of cash and cash equivalents as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Cash ₩ 2,496,941 ₩ 2,439,490 Checks issued by other banks 150,047 123,163 Due from the Bank of Korea 17,579,643 17,520,636 Due from other financial institutions 10,782,743 11,980,132 31,009,374 32,063,421 Due from financial institutions measured at fair value through profit or loss 200,743 69,469 31,210,117 32,132,890 Deduction: Restricted due from financial institutions* (4,589,893 ) (4,809,759 ) Due from financial institutions with original maturities over three months (1,346,951 ) (1,160,607 ) (5,936,844 ) (5,970,366 ) ₩ 25,273,273 ₩ 26,162,524 * Items meeting the definition of cash are excluded in accordance with IAS No.7 Statement of Cash Flows. Detailed information on the effects of this change in accounting policy is described in Note 2.1 Application of IFRS. |
Summary of others significant noncash transactions | 39.2 Significant non-cash transactions for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Write-offs of loans ₩ 1,283,071 ₩ 1,086,296 ₩ 1,486,357 Changes in financial investments due to debt-for-equity swap 13,820 327 — Changes in accumulated other comprehensive income from valuation of financial instruments at fair value through other comprehensive income 496,159 507,175 (2,522,854 ) Changes in accumulated other comprehensive income from valuation of investments in associates (6,978 ) 165 (64 ) Reclassification to assets of a disposal group held for sale — 171,749 — |
Summary of cash flow supplemental disclosures table | 39.3 Cash inflows and outflows from income tax, interest, and dividends for the years ended December 31, 2020, 2021 and 2022, are as follows: Activities 2020 2021 2022 (In millions of Korean won) Income tax paid Operating ₩ 1,119,252 ₩ 1,586,750 ₩ 1,524,025 Interest received Operating 14,986,532 15,152,796 20,509,411 Interest paid Operating 5,266,158 4,062,469 6,356,211 Dividends received Operating 187,699 290,089 388,030 Dividends paid Financing 883,952 1,053,416 1,564,153 |
Summary of reconciliation of liabilities arising from financing activities | 39.4 Changes in liabilities arising from financing activities for the years ended December 31, 2021 and 2022, are as follows: 2021 Non-cash changes Beginning Net cash flows Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging * ₩ (57,196 ) ₩ 5,870 ₩ — ₩ 246,352 ₩ (70,225 ) ₩ — ₩ (150,084 ) ₩ (25,283 ) Borrowings and debentures 112,587,843 11,579,036 — 630,913 (115,440 ) (329,512 ) (10,278 ) 124,342,562 Due to trust accounts 7,542,955 (509,106 ) — — — — — 7,033,849 Non-controlling interests 857,783 (24,145 ) — — — 1,994 (2,294 ) 833,338 Others 1,019,075 (319,074 ) 166,336 119 — — 119,398 985,854 ₩ 121,950,460 ₩ 10,732,581 ₩ 166,336 ₩ 877,384 ₩ (185,665 ) ₩ (327,518 ) ₩ (43,258 ) ₩ 133,170,320 2022 Non-cash changes Beginning Net cash flows Acquisition Exchange Changes in fair value Subsidiaries Others Ending (In millions of Korean won) Derivatives held for hedging * ₩ (25,283 ) ₩ 33,402 ₩ — ₩ 153,646 ₩ 8,730 ₩ — ₩ (180,415 ) ₩ (9,920 ) Borrowings and debentures 124,342,562 15,645,750 — 895,758 (297,468 ) 81,268 (252,302 ) 140,415,568 Due to trust accounts 7,033,849 (1,225,402 ) — — — — — 5,808,447 Non-controlling interests 833,338 395,713 — — — 752 50,300 1,280,103 Others 985,854 436,903 154,004 199 — — 118,863 1,695,823 ₩ 133,170,320 ₩ 15,286,366 ₩ 154,004 ₩ 1,049,603 ₩ (288,738 ) ₩ 82,020 ₩ (263,554 ) ₩ 149,190,021 * Derivatives held for hedging purposes are the net amount after offsetting liabilities and assets. |
Disclosure Of Detailed Information About Due From Financial Institutions Explanatory | Items meeting the definition of cash among due from financial institutions with restriction to use as of December 31, 2021 and 2022, are as follows: Financial institutions December 31, 2021 December 31, 2022 (In millions of Korean won) Due from financial institutions in Korean won Due from the Bank of Korea The Bank of Korea ₩ 15,117,033 ₩ 15,169,703 Due from others Korea Development Bank and others 37,914 39,358 Due from financial institutions in foreign currencies Due from banks in foreign currencies Bank Indonesia and others 1,009,866 1,218,847 ₩ 16,164,813 ₩ 16,427,908 |
Contingent Liabilities and Co_2
Contingent Liabilities and Commitments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of contingent liabilities [abstract] | |
Summary Of Guarantee Obligations | 40.1 Details of acceptances and guarantees as of December 31, 2021 and 2022, are as follows: December 31, December 31, (In millions of Korean won) Confirmed acceptances and guarantees Confirmed acceptances and guarantees in Korean won: Acceptances and guarantees for KB purchasing loan ₩ 136,914 ₩ 167,538 Others 817,470 918,670 954,384 1,086,208 Confirmed acceptances and guarantees in foreign currencies: Acceptances of letter of credit 523,037 502,217 Letter of guarantees 83,089 78,414 Bid bond 18,874 19,998 Performance bond 855,247 976,008 Refund guarantees 874,173 1,705,796 Others 2,505,353 3,485,842 4,859,773 6,768,275 Financial guarantee contracts: Acceptances and guarantees for issuance of debentures 5,040 5,040 Acceptances and guarantees for mortgage 51,053 94,861 Overseas debt guarantees 428,109 509,157 International financing guarantees in foreign currencies 132,114 181,241 Others 50,950 — 667,266 790,299 6,481,423 8,644,782 Unconfirmed acceptances and guarantees Guarantees of letter of credit 3,551,767 3,042,911 Refund guarantees 833,765 1,528,359 4,385,532 4,571,270 ₩ 10,866,955 ₩ 13,216,052 |
Summary Of Credit Risk Exposure Of Payment Gurantees Explanatory | 40.2 Credit qualities of acceptances and guarantees as of December 31, 2021 and 2022, are as follows: December 31, 2021 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 4,532,747 ₩ 838 ₩ — ₩ 4,533,585 Grade 2 1,594,714 32,567 — 1,627,281 Grade 3 105,691 46,174 — 151,865 Grade 4 7,722 149,785 214 157,721 Grade 5 — 774 10,197 10,971 6,240,874 230,138 10,411 6,481,423 Unconfirmed acceptances and guarantees Grade 1 3,083,636 3,391 — 3,087,027 Grade 2 998,204 39,224 — 1,037,428 Grade 3 12,039 34,797 — 46,836 Grade 4 11,925 195,794 — 207,719 Grade 5 — 138 6,384 6,522 4,105,804 273,344 6,384 4,385,532 ₩ 10,346,678 ₩ 503,482 ₩ 16,795 ₩ 10,866,955 December 31, 2022 12-month Lifetime expected credit Total Non-impaired Impaired (In millions of Korean won) Confirmed acceptances and guarantees Grade 1 ₩ 5,939,025 ₩ 1,140 ₩ — ₩ 5,940,165 Grade 2 1,882,080 10,474 — 1,892,554 Grade 3 494,924 18,649 — 513,573 Grade 4 63,689 215,382 442 279,513 Grade 5 — 4,130 14,847 18,977 8,379,718 249,775 15,289 8,644,782 Unconfirmed acceptances and guarantees Grade 1 3,232,325 844 — 3,233,169 Grade 2 1,040,908 36,879 — 1,077,787 Grade 3 4,685 13,308 — 17,993 Grade 4 1,265 236,687 5 237,957 Grade 5 — 199 4,165 4,364 4,279,183 287,917 4,170 4,571,270 ₩ 12,658,901 ₩ 537,692 ₩ 19,459 ₩ 13,216,052 |
Summary Of Acceptance and Guarantees By Counterparty | 40.3 Classifications of acceptances and guarantees by counterparty as of December 31, 2021 and 2022, are as follows: December 31, 2021 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 5,431,921 ₩ 3,377,150 ₩ 8,809,071 81.06 Small and medium-sized companies 820,327 657,073 1,477,400 13.60 Public sector and others 229,175 351,309 580,484 5.34 ₩ 6,481,423 ₩ 4,385,532 ₩ 10,866,955 100.00 December 31, 2022 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Large companies ₩ 7,530,546 ₩ 3,810,565 ₩ 11,341,111 85.81 Small and medium-sized companies 718,722 496,709 1,215,431 9.20 Public sector and others 395,514 263,996 659,510 4.99 ₩ 8,644,782 ₩ 4,571,270 ₩ 13,216,052 100.00 |
Summary Of Acceptance And Guarantees By Industry | 40.4 Classifications of acceptances and guarantees by industry as of December 31, 2021 and 2022, are as follows: December 31, 2021 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 385,761 ₩ 10,114 ₩ 395,875 3.64 Manufacturing 2,742,224 2,979,232 5,721,456 52.65 Service 676,440 38,920 715,360 6.58 Wholesale and retail 1,603,085 999,416 2,602,501 23.95 Construction 317,946 38,260 356,206 3.28 Public sector 28,257 99,841 128,098 1.18 Others 727,710 219,749 947,459 8.72 ₩ 6,481,423 ₩ 4,385,532 ₩ 10,866,955 100.00 December 31, 2022 Confirmed Unconfirmed Total Proportion (In millions of Korean won) Financial institutions ₩ 462,657 ₩ 2,012 ₩ 464,669 3.52 Manufacturing 3,851,832 3,589,948 7,441,780 56.31 Service 751,846 31,465 783,311 5.93 Wholesale and retail 2,181,469 658,875 2,840,344 21.49 Construction 420,937 47,465 468,402 3.54 Public sector 32,635 81,607 114,242 0.86 Others 943,406 159,898 1,103,304 8.35 ₩ 8,644,782 ₩ 4,571,270 ₩ 13,216,052 100.00 |
Summary Of Commitments Explanatory | 40.5 Details of commitments as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Commitments Corporate loan commitments ₩ 45,767,502 ₩ 51,743,718 Retail loan commitments 47,080,416 51,241,471 Credit line of credit cards 70,534,719 77,825,953 Purchase of other securities 6,835,506 7,357,198 170,218,143 188,168,340 Financial guarantee contracts Credit line 5,729,798 7,135,542 Purchase of securities 495,400 371,201 6,225,198 7,506,743 ₩ 176,443,341 ₩ 195,675,083 |
Summary of Other Matters (Including Litigation) | 40.6 Other Matters (including litigation) a) The Group has 292 pending lawsuits as a plaintiff (excluding simple lawsuits related to the collection or management of loans), with aggregate claims amount of ₩1,442,572 million, and 280 pending lawsuits as a defendant (excluding simple lawsuits related to the collection or management of loans) with aggregate claims amount of ₩977,848 million, which arose in the normal course of the business, as of December 31, 2022. Details of major pending lawsuits in which the Group is a defendant are as follows: (In number of cases, in millions of Korean won) Company Lawsuits No. of Amount Description of the lawsuits Status of the lawsuits Kookmin Bank Request for a return of redemption amount 1 ₩ 53,239 Kookmin Bank invested the assets entrusted by OO Asset Management and OO Investment Trust Management in the Fairfield Sentry Limited, and Fairfield Sentry Limited reinvested the assets in Bernard L. Madoff Investment Securities LLC managed by Bernard Madoff (Bernard L. Madoff Investment Securities LLC is in the liquidation process due to Ponzi scheme fraud-related losses). Bankruptcy trustee of Bernard L. Madoff Investment Securities LLC filed a lawsuit against Kookmin Bank seeking to return the amount of redemptions received by Kookmin Bank through Fairfield Sentry Limited. Application for dismissal by the defendant has been denied, and further proceedings are scheduled. [Related litigation is in progress at the New York Southern District Federal Bankruptcy Court (10-3777) at the written complaint review stage] Company Lawsuits No. of Amount Description of the lawsuits Status of the lawsuits Confirm the absence of debt 1 96,200 Galamat-Art LLP is a joint guarantor of the PF loan for the ‘Kazakhstan Almaty City Complex Development Project’ in which Kookmin Bank Co., Ltd. participated as a lender. OO Bank, the agent bank of the lending group, filed a provisional seizure and a lawsuit on the merits of the guarantee debt to the local court against Galamat-Art LLP. And Galamat-Art LLP filed a counterclaim against the lenders, including Kookmin Bank, to confirm the absence of debt denying the joint guarantee obligation. Kookmin Bank won the case in the first and second trials, but the second trial is scheduled to be re-run as the registered shareholders of the Plaintiff filed an objection. Expropriation of long-term leasehold rights 1 316,825 Kookmin Bank invested assets entrusted by DAOL Asset Management Co., Ltd. in loans that are directly or indirectly collateralized by the building and land leasehold rights (hereinafter referred to as “the real estate in this case”) of Union Station in Washington, D.C., the United States. The Plaintiff, who is the operator of the railway facility, filed this lawsuit against those concerned with the real estate in this case, including Kookmin Bank, to expropriate the real estate in this case and determine indemnity. Kookmin Bank submitted the response letter and will proceed with the process in the future. KB Securities Co., Ltd. Request for a return of transaction amount (Australian fund) 1 37,468 The plaintiffs OOOO Securities and OOOO Life Insurance filed lawsuits, claiming that the KB Securities Co., Ltd. provided false information on major matters in the product description while selling JB Australia NDIS Private Fund No.1 (on April 25, 2019, plaintiffs invested ₩50 billion each) (a) (Primary claim) requesting KB Securities Co., Ltd. to return unjust enrichment of ₩100 billion for cancelation of sales contracts of beneficiary certificates due to an error or termination of the contract due to default, (b) (Secondary claim) requesting for compensation for damages in investments amounting to ₩100 billion due to violation of the investor protection obligation and fraudulent transactions of KB Securities Co., Ltd. and OOO Asset Management. The Plaintiff’s complaint price was changed to ₩37.47 billion due to the Plaintiff’s request to change the purpose and cause of the claim on October 11, 2022. First trial is in progress (the pleading resumption has been decided on February 6, 2023, and the 9th pleading is scheduled on April 11, 2023.). b) c) As of December 31, 2022, KB KOLAO Leasing Co., Ltd. is selling LVMC Holdings (formerly Kolao Holdings) allied receivables that are overdue by three months or more to Lanexang Leasing Co., Ltd. in accordance with the agreement. d) As of December 31, 2022, KB Capital Co., Ltd. and PT Sunindo Primasura are required to hold the shares of PT Sunindo Kookmin Best Finance for five years after May 18, 2020, when the purchase of shares was completed. If one party is going to sell all or part of the shares, provide them as collateral, trade or dispose of them, it should give the opportunity to exercise preemption to the other party by providing written proposal including transfer price, payment method, and others. e) KB Securities Co., Ltd., as an investment broker, managed the sale of private equity funds and trusts amounting to ₩326,500 million, which lends to corporations (borrowers) that invest in apartment rental businesses for the disabled in Australia, to individuals and institutional investors. However, management of the fund has been suspended due to the breach of contract by local borrowers in Australia; therefore there is a possibility of losses of principal to these funds subscribers. In this regard, there are three lawsuits in which the Group is a defendant as of December 31, 2022. One of the cases was ruled, on February 7, 2023, ordering the payment of ₩29.8 billion in principal and delayed interest on it; however, the judgment may be changed at the higher court. And the other two cases are still in the first trial. KB Securities Co., Ltd. determined the results of the first trial on February 7, 2023 as an event after the reporting period requiring adjustment, and additionally reflected to the litigation provision in the financial statements as of December 31, 2022. Meanwhile, KB Securities Co., Ltd. filed a requisite for reimbursement lawsuit against JB Asset Management, a fund management company, in this regard, and is currently in the first trial. f) In relation to Lime Asset Management, KB Securities Co., Ltd. has a PIS (Portfolio Index Swap) contract, as of December 31, 2022, associated with ‘Lime Thetis Qualified Investor Private Investment Trust No.2’ and ‘Lime Pluto FI Qualified Investor Private Investment Trust No.D-1’ whose redemption were suspended during the fourth quarter of 2019. The notional amount of the underlying assets of the PIS contract is ₩163,100 million. Meanwhile, the Group sold ₩68,100 million of feeder funds of aforementioned redemption-suspended funds. On October 20, 2020, Lime Asset Management’s license as a fund manager was revoked by the Financial Supervisory Service’s sanctions review committee, and most of its redemption-suspended funds and normal funds have been transferred to Wellbridge Asset Management (the bridge management company) to continue to collect and distribute investments. It is difficult to predict whether and when the aforementioned redemption-suspended funds will be redeemed. In this regard, KB Securities Co., Ltd. faces four claims filed as a defendant as of December 31, 2022. The Group has accounted for the estimated loss due to the possibility of additional lawsuits in the future as a provision for litigations. |
Subsidiaries (Tables)
Subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Summary of Interests In Subsidiaries Explanatory | 41.1 Details of major consolidated subsidiaries as of December 31, 2022, are as follows: Investor Investee Ownership Location Date of Industry KB Financial Group Inc. Kookmin Bank 100.00 Korea Dec Banking and foreign exchange transaction KB Securities Co., Ltd. 100.00 Korea Dec Financial investment KB Insurance Co., Ltd. 100.00 Korea Dec. Non-life insurance KB Kookmin Card Co., Ltd. 100.00 Korea Dec Credit card and installment financing KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 100.00 Korea Dec Life insurance KB Asset Management Co., Ltd. 100.00 Korea Dec Collective investment and advisory KB Capital Co., Ltd. 100.00 Korea Dec Financial Leasing KB Life Insurance Co., Ltd. 100.00 Korea Dec Life insurance KB Real Estate Trust Co., Ltd. 100.00 Korea Dec Real estate trust management KB Savings Bank Co., Ltd. 100.00 Korea Dec Savings banking KB Investment Co., Ltd. 100.00 Korea Dec Capital investment KB Data System Co., Ltd. 100.00 Korea Dec Software advisory, development, and supply KB Credit Information Co., Ltd. 100.00 Korea Dec Collection of receivables or credit investigation Kookmin Bank Kookmin Bank Cambodia Plc. 100.00 Cambodia Dec Banking and foreign exchange transaction Kookmin Bank (China) Ltd. 100.00 China Dec Banking and foreign exchange transaction KB Microfinance Myanmar Co., Ltd. 100.00 Myanmar Dec Microfinance services PRASAC Microfinance Institution Plc. 100.00 Cambodia Dec Microfinance services PT Bank KB Bukopin Tbk 67.00 Indonesia Dec Banking and foreign exchange transaction Kookmin Bank PT Bank Syariah Bukopin 92.78 Indonesia Dec Banking PT Bukopin Finance 97.03 Indonesia Dec Installment financing KB Bank Myanmar Co., Ltd. 100.00 Myanmar Dec Banking and foreign exchange transaction KB Securities Co., Ltd. KBFG Securities America Inc. 100.00 United States Dec Investment advisory and securities trading KB Securities Hong Kong Ltd. 100.00 China Dec Investment advisory and securities trading KB Securities Vietnam Joint Stock Company 99.81 Vietnam Dec Investment advisory and securities trading KB FINA Joint Stock Company 77.82 Vietnam Dec Investment advisory and securities trading PT KB VALBURY SEKURITAS 65.00 Indonesia Dec Investment advisory and securities trading PT.KB Valbury Capital Management 79.00 Indonesia Dec Financial investment KB Insurance Co., Ltd. Leading Insurance Services, Inc. 100.00 United States Dec Management service KBFG Insurance (China) Co., Ltd. 100.00 China Dec Non-life insurance PT. KB Insurance Indonesia 70.00 Indonesia Dec Non-life insurance KB Claims Survey & Adjusting 100.00 Korea Dec Claim service KB Sonbo CNS 100.00 Korea Dec Management service KB Golden Life Care Co., Ltd. 100.00 Korea Dec Service KB Healthcare Co., Ltd. 100.00 Korea Dec Information and communication Investor Investee Ownership Location Date of Industry KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) KB Life Partners Co., Ltd. 100.00 Korea Dec Insurance agent KB Kookmin Card Co., Ltd. KB Daehan Specialized Bank Plc. 95.71 Cambodia Dec Auto Installment finance PT. KB Finansia Multi Finance 80.00 Indonesia Dec Auto Installment finance KB J Capital Co., Ltd. 50.99 Thailand Dec Service i-Finance Leasing Plc. 100.00 Cambodia Dec Leasing KB Capital Co., Ltd. PT Sunindo Kookmin Best Finance 85.00 Indonesia Dec Auto Installment finance KB Kookmin Card Co., Ltd. KB Capital Co., Ltd. KB KOLAO Leasing Co., Ltd. 80.00 Laos Dec Auto Installment finance Kookmin Bank, KB Data System Co., Ltd. PT KB Data Systems Indonesia 100.00 Indonesia Dec Service KB Asset Management Co., Ltd. KBAM Shanghai Advisory Services Co., Ltd. 100.00 China Dec General advisory KB Asset Management Singapore PTE. LTD. 100.00 Singapore Dec Collective investment 41.2 Details of consolidated structured entities as of December 31, 2022, are as follows: Consolidated structured entities Reasons for consolidation Trusts Kookmin Bank (development trust) and 10 others The Group controls the trust because it has power to determine management performance of the trust and is significantly exposed to variable returns that absorb losses through the guarantees of payment of principal, or payment of principal and fixed rate of return. Asset-backed securitization Taejon Samho The First Co., Ltd. and 119 others The Group controls these investees because it has power over relevant activities in the event of default, is significantly exposed to variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt and has ability to affect those returns through its power. Consolidated structured entities Reasons for consolidation Investment funds and others KB Global Platform Fund and 204 others Funds are consolidated if the Group, as a collective investor or operating manager (member), etc., can manage fund assets on behalf of other investors, or dismiss the collective investor and operating manager, and is substantially exposed to significant variable returns or has such rights. |
Summary of Condensed Financial Information of Subsidiaries | 41.3 Condensed financial information of major subsidiaries as of and for the years ended December 31, 2021 and 2022, are as follows: December 31, 2021 2021 Assets Liabilities Equity Operating revenue 3 Profit (loss) Total compre-hensive (In millions of Korean won) Kookmin Bank 1 ₩ 483,564,898 ₩ 450,675,985 ₩ 32,888,913 ₩ 26,536,995 ₩ 2,590,764 ₩ 3,265,921 KB Securities Co., Ltd. 1,2 55,493,985 50,008,422 5,485,563 8,543,590 594,301 628,112 KB Insurance Co., Ltd. 1,2 41,472,227 37,328,954 4,143,273 14,131,278 301,836 107,240 KB Kookmin Card Co., Ltd. 1 27,349,561 22,793,920 4,555,641 3,527,354 418,898 442,873 KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 2 26,287,116 23,992,601 2,294,515 1,976,122 336,198 54,587 KB Asset Management Co., 1 375,739 128,589 247,150 254,162 79,899 79,071 KB Capital Co., Ltd. 1,2 14,529,427 12,707,210 1,822,217 1,634,759 209,899 209,719 KB Life Insurance Co., Ltd. 10,634,562 10,174,282 460,280 2,259,301 (46,595 ) (121,847 ) KB Real Estate Trust Co., Ltd. 496,522 119,700 376,822 168,373 81,480 82,299 KB Savings Bank Co., Ltd. 2,601,134 2,339,037 262,097 150,028 18,932 22,526 KB Investment Co., Ltd. 1 1,197,720 922,239 275,481 207,367 55,338 55,340 KB Data System Co., Ltd. 1 44,486 25,911 18,575 174,819 467 1,105 KB Credit Information Co., Ltd. 28,674 12,303 16,371 39,909 388 434 December 31, 2022 2022 Assets Liabilities Equity Operating revenue 3 Profit (loss) Total compre-hensive (In millions of Korean won) Kookmin Bank 1 ₩ 517,769,512 ₩ 484,046,253 ₩ 33,723,259 ₩ 49,436,046 ₩ 2,996,015 ₩ 1,856,632 KB Securities Co., Ltd. 1,2 53,824,246 47,946,933 5,877,313 14,264,399 187,784 263,605 KB Insurance Co., Ltd. 1,2 42,736,747 39,397,167 3,339,580 14,959,264 557,680 (820,382 ) KB Kookmin Card Co., Ltd. 1 29,721,017 24,998,215 4,722,802 3,694,352 378,592 412,208 KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) 1,2 24,710,078 23,047,601 1,662,477 2,255,418 250,308 (532,038 ) KB Asset Management Co., 1 369,488 102,970 266,518 233,293 59,345 59,367 KB Capital Co., Ltd. 1,2 16,053,026 13,946,800 2,106,226 1,906,694 217,139 209,808 KB Life Insurance Co., Ltd. 10,136,909 10,050,292 86,617 2,907,001 (64,045 ) (422,048 ) KB Real Estate Trust Co., Ltd. 518,980 113,444 405,536 152,686 67,723 68,714 KB Savings Bank Co., Ltd. 3,138,543 2,854,549 283,994 191,337 21,814 21,897 KB Investment Co., Ltd. 1 1,378,550 1,108,264 270,286 161,210 4,807 4,805 KB Data System Co., Ltd. 1 63,645 40,570 23,075 233,320 3,162 4,546 KB Credit Information Co., Ltd. 42,219 24,923 17,296 36,469 484 924 1 Financial information is 2 Includes fair value adjustments arising from the 3 Operating revenue consists of interest income, fee and commission income, insurance income and others. |
Summary of Changes In Subsidiaries | 41.5 Changes in Subsidiaries 41.5.1 Subsidiaries newly included in consolidation for the year ended December 31, 2022, are as follows: Company Reasons of obtaining control PT.KB VALBURY SEKURITAS and 30 others Holds more than half of the ownership interests New star Gimpo 4th Co., Ltd. and 55 others Holds the power in the event of default and is exposed to significant variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt KB Korea Short Term Premium Private Securities Fund No.25(USD)(Bond) and 34 others Holds the power to determine the operation of the funds and is exposed to variable returns by holding significant amount of ownership interests KB Tail End Fund and 11 others Holds the power as a general partner and is exposed to variable returns by holding significant amount of ownership interests 41.5.2 Subsidiaries excluded from consolidation for the year ended December 31, 2022, are as follows: Company Reasons of losing control Able Pocheon 1st Co., Ltd. and 60 others Termination of the commitments KB Pre IPO Secondary Venture Fund No.2 and 21 others Liquidation 498 Seventh KOR Holdco LP and 3 other Disposal KB Global Digital-Chain Economy Securities Fund(Equity) and 9 others Decrease in ownership interests to less than majority |
Unconsolidated Structured Ent_2
Unconsolidated Structured Entities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of unconsolidated structured entities [abstract] | |
Summary Of Nature Purpose Activity Method Of Financing Of The Unconsolidated Structured Entities | 42.1 Nature, purpose, and activities of the unconsolidated structured entities and how the structured entities are financed, are as follows: Nature Purpose Activity Method of financing Structured financing Granting PF loans to SOC and real estate Granting loans to ships/aircrafts SPC Construction of SOC and real estate Building ships, construction and purchase of aircrafts Loan commitments through credit line, providing credit line, and investment agreements Investment funds Investment in beneficiary certificates Investment in PEF and partnerships Management of fund assets Payment of fund fees and allocation of fund profits Sales of beneficiary certificate instruments Investment from general partners and limited partners Trusts Management of financial trusts; —Development trust —General unspecified money trust — Trust whose principal is not guaranteed —Other trusts Management of trusted financial assets Payment of trust fees and allocation of trust profits. Sales of trusted financial assets Asset-backed securitization Early cash generation through transfer of securitized assets Fees earned through services to SPC, such as providing lines of credit and ABCP purchase commitments Fulfillment of asset-backed securitization plan Purchase and collection of securitized assets Issuance and repayment of ABS and ABCP Issuance of ABS and ABCP based on securitized assets |
Summary Of Unconsolidated Structured Entities Explanatory | 42.2 Details of scale of unconsolidated structured entities and nature of the risks associated with the Group’s interests in unconsolidated structured entities as of December 31, 2021 and 2022, are as follows: December 31, 2021 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 89,647,771 ₩ 416,401,893 ₩ 3,005,720 ₩ 144,897,727 ₩ 653,953,111 Carrying amount in the financial statements Assets: Financial assets at fair value through profit or loss ₩ 126,086 ₩ 13,340,292 ₩ 90,348 ₩ 3,602,631 ₩ 17,159,357 Derivative financial assets — — — 181 181 Loans measured at amortized cost 8,290,514 479,452 265,173 1,194,705 10,229,844 Financial investments — — — 8,084,101 8,084,101 Investments in associates — 292,315 — — 292,315 Other assets 2,496 3,111 119,630 15,638 140,875 ₩ 8,419,096 ₩ 14,115,170 ₩ 475,151 ₩ 12,897,256 ₩ 35,906,673 Liabilities: Deposits ₩ 650,834 ₩ 58,348 ₩ — ₩ 330,592 ₩ 1,039,774 Derivative financial liabilities — — — 437 437 Other liabilities 8,196 289 — 32,179 40,664 ₩ 659,030 ₩ 58,637 ₩ — ₩ 363,208 ₩ 1,080,875 Maximum exposure * Assets held ₩ 8,419,096 ₩ 14,115,170 ₩ 475,151 ₩ 12,897,256 ₩ 35,906,673 Purchase and investment commitments — 6,131,739 131,102 499,682 6,762,523 Unused credit 855,322 — — 4,990,797 5,846,119 Acceptances and guarantees and loan commitments 1,544,394 — 15,890 496,284 2,056,568 ₩ 10,818,812 ₩ 20,246,909 ₩ 622,143 ₩ 18,884,019 ₩ 50,571,883 Methods of determining the maximum exposure Loan Investments / Trust Providing December 31, 2022 Structured Investment Trusts Asset-backed and others Total (In millions of Korean won) Total assets of unconsolidated structured entities ₩ 110,862,054 ₩ 435,585,129 ₩ 5,516,039 ₩ 144,018,286 ₩ 695,981,508 Carrying amount in the financial statements Assets: Financial assets at fair value through profit or loss ₩ 105,637 ₩ 12,963,303 ₩ 298,169 ₩ 3,566,948 ₩ 16,934,057 Loans measured at amortized cost 8,829,758 469,777 163,220 3,037,021 12,499,776 Financial investments 1,012 — — 7,893,604 7,894,616 Investments in associates — 335,746 — — 335,746 Other assets 6,663 1,504 242,853 5,950 256,970 ₩ 8,943,070 ₩ 13,770,330 ₩ 704,242 ₩ 14,503,523 ₩ 37,921,165 Liabilities: Deposits ₩ 1,596,011 ₩ 41,288 ₩ — ₩ 219,641 ₩ 1,856,940 Derivative financial liabilities 437 2,102 — 698 3,237 Other liabilities 3,044 11 — 54,425 57,480 ₩ 1,599,492 ₩ 43,401 ₩ — ₩ 274,764 ₩ 1,917,657 Maximum exposure * Assets held ₩ 8,943,070 ₩ 13,770,330 ₩ 704,242 ₩ 14,503,523 ₩ 37,921,165 Purchase and investment commitments 227,098 6,301,588 144,269 678,564 7,351,519 Unused credit 1,380,348 — 8,547 6,161,171 7,550,066 Acceptances and guarantees and loan commitments 1,015,619 — — 20,000 1,035,619 ₩ 11,566,135 ₩ 20,071,918 ₩ 857,058 ₩ 21,363,258 ₩ 53,858,369 Methods of determining the maximum exposure Loan Investments / Trust Providing * Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Details Of Significant Profit Or Loss Arising From Transactions With Related Parties | Details of significant profit or loss arising from transactions with related parties for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 2021 2022 (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Fee and commission income ₩ 6,817 ₩ 5,689 ₩ 5,194 Korea Credit Bureau Co., Ltd. Interest expense 7 6 1 Fee and commission income 957 910 649 Insurance income 5 4 4 Fee and commission expense 3,280 4,256 3,973 Other operating expenses 1 11 15 KB GwS Private Securities Investment Trust * Fee and commission income 853 146 — Incheon Bridge Co., Ltd. Interest income 4,345 4,069 7,516 Interest expense 334 158 517 Fee and commission income 23 22 23 Fee and commission expense 6 6 6 Insurance income 279 230 212 Gains on financial instruments at fair value through profit or loss 899 — — Losses on financial instruments at fair value through profit or loss — 1,374 4,434 Reversal of credit losses — 444 28 Provision for credit losses 472 1 9 Kendai Co.,Ltd. Other non-operating expenses — — 3 KoFC POSCO Hanwha KB Shared Growth Private Equity Fund No.2 Fee and commission income 12 — — Aju Good Technology Venture Fund Interest expense 18 27 108 KB Star Office Private Real Estate Master Fund No.1 * Interest income 371 370 — Interest expense 61 5 2 Fee and commission income 436 435 276 RAND Bio Science Co., Ltd. Interest expense 11 — — Star-Lord General Investors Private Real Estate Investment Company No.10 Insurance income — — 97 Interest income — — 3,098 Interest expense — — 413 Provision for credit losses — — 1 General and administrative expenses — — 5,562 SY Auto Capital Co., Ltd. Interest income 1,097 941 889 Interest expense 2 — — Fee and commission income 39 88 47 Fee and commission expense 132 15 10 Insurance income 40 42 43 Other operating income 1,709 710 487 Other operating expenses 121 64 32 Reversal of credit losses 17 11 — Provision for credit losses — — 9 2020 2021 2022 (In millions of Korean won) Food Factory Co., Ltd. Interest income 52 70 80 Interest expense 12 5 6 Insurance income 5 9 10 Fee and commission income — — 1 Fee and commission expense 4 2 — Gains on financial instruments at fair value through profit or loss 72 — 33 Losses on financial instruments at fair value through profit or loss — 1 — Reversal of credit losses — 6 1 Provision for credit losses 8 — — KB Pre IPO Secondary Venture Fund No.1 * Interest expense 3 1 — Fee and commission income 110 110 1,204 KB Private Equity Fund No.3 * Fee and commission income 463 — — Acts Co., Ltd. Interest income 1 — — Insurance income — 1 2 Dongjo Co., Ltd. Insurance income 1 1 — Interest income — — 9 A-PRO Co., Ltd. * Interest income 7 — — Interest expense 1 — — Insurance income 1 — — Provision for credit losses 1 — — POSCO-KB Shipbuilding Fund Fee and commission income 387 213 177 Dae-A Leisure Co., Ltd. Interest expense 7 2 — Paycoms Co., Ltd. Interest income 10 10 7 Gains on financial instruments at fair value through profit or loss 69 42 39 Big Dipper Co., Ltd. Interest expense — — 1 Fee and commission expense 768 655 393 KB-KDBC Pre-IPO New Technology Business Investment Fund Interest expense 23 1 1 Fee and commission income 300 190 129 KB-TS Technology Venture Private Equity Fund Fee and commission income 126 285 185 KB-SJ Tourism Venture Fund Fee and commission income 338 279 209 Banksalad Co., Ltd. Gains on financial instruments at fair value through profit or loss 1,636 613 — Losses on financial instruments at fair value through profit or loss — 663 — Fee and commission income 36 36 36 Fee and commission expense 5 48 17 Iwon Alloy Co., Ltd. Insurance income 1 — 1 Bioprotect Ltd. Gains on financial instruments at fair value through profit or loss — 293 — Losses on financial instruments at fair value through profit or loss 216 — — 2020 2021 2022 (In millions of Korean won) RMGP Bio-Pharma Investment Fund, L.P. Fee and commission income 27 38 43 Gains on financial instruments at fair value through profit or loss — 531 — Losses on financial instruments at fair value through profit or loss 489 2,373 — RMGP Bio-Pharma Investment, L.P. Losses on financial instruments at fair value through profit or loss 1 — — KB-MDI Centauri Fund LP Fee and commission income 308 401 487 Gains on financial instruments at fair value through profit or loss — 551 — Losses on financial instruments at fair value through profit or loss 322 284 — Hibiscus Fund LP Fee and commission income — 372 524 Gains on financial instruments at fair value through profit or loss — 113 — RMG-KB BioAccess Fund L.P. Fee and commission income — 57 325 Gains on financial instruments at fair value through profit or loss — 5 — S&E Bio Co., Ltd. Interest expense 1 1 2 Contents First Inc. Interest income — — 128 Interest expense 14 83 34 Fee and commission income — — 1 Provision for credit losses — — 1 December & Company Inc. Interest expense 1 — — Insurance income — 109 174 GENINUS Inc. * Interest expense 70 29 12 Gains on financial instruments at fair value through profit or loss — 4,009 — Provision for credit losses — 6 — Pin Therapeutics Inc. Interest expense — — 110 Wyatt Corp. Insurance income 63 87 142 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund Interest expense 40 17 6 Fee and commission income 734 514 423 Spark Biopharma Inc. Interest expense — 7 272 Skydigital Inc. Fee and commission income 4 3 3 Il-Kwang Electronic Materials Co., Ltd. Other non-operating expenses — — 1 SO-MYUNG Recycling Co., Ltd. Other non-operating expenses — — 2 KB No.17 Special Purpose Acquisition Company * Gains on financial instruments at fair value through profit or loss 4 — — Losses on financial instruments at fair value through profit or loss — 1,388 — Interest expense 25 14 1 KB No.18 Special Purpose Acquisition Company * Gains on financial instruments at fair value through profit or loss 84 8 — Interest expense 31 20 5 2020 2021 2022 (In millions of Korean won) KB No.19 Special Purpose Acquisition Company * Gains on financial instruments at fair value through profit or loss 11 36 — Interest expense 13 9 5 KB No.20 Special Purpose Acquisition Company * Fee and commission income 210 — — Gains on financial instruments at fair value through profit or loss 1,568 68 — Interest expense 25 15 22 KB No.21 Special Purpose Acquisition Company * Fee and commission income — — 263 Gains on financial instruments at fair value through profit or loss — — 1,469 Interest expense — — 30 KB No.22 Special Purpose Acquisition Company Fee and commission income — — 175 Gains on financial instruments at fair value through profit or loss — — 982 Interest expense — — 1 KB No.23 Special Purpose Acquisition Company Gains on financial instruments at fair value through profit or loss — — 1,476 Interest expense — — 23 KB No.24 Special Purpose Acquisition Company Interest expense — — 1 KB SPROTT Renewable Private Equity Fund No.1 Fee and commission income 488 487 345 KB-Stonebridge Secondary Private Equity Fund Fee and commission income 1,442 550 706 COSES GT Co., Ltd. Interest income 6 18 23 Interest expense — 1 1 Provision for credit losses 4 — 3 Reversal of credit losses — 3 — IDTECK Co., Ltd. Insurance income — 1 — Mantisco Co., Ltd. Interest expense — 1 1 SuperNGine Co., Ltd. Interest expense — 1 — Desilo Inc. Interest income — 1 9 Provision for credit losses — 2 — Turing Co., Ltd. Interest expense — 1 1 IGGYMOB Co., Ltd. Interest expense — 1 1 Kukka Co., Ltd. Interest expense — — 2 ZIPDOC Inc. Interest expense — — 1 Reversal of credit losses — — 3 TeamSparta Inc. Interest expense — — 19 Chabot Mobility Co., Ltd. Interest expense — — 1 Fee and commission expense — — 824 Wemade Connect Co., Ltd. Insurance income — — 3 Interest expense — — 81 Reversal of credit losses — — 1 TMAP Mobility Co., Ltd. Interest expense — — 226 Fee and commission expense — — 78 Nextrade Co., Ltd. Interest expense — — 263 WJ Private Equity Fund No.1 Fee and commission income 5 7 7 2020 2021 2022 (In millions of Korean won) UPRISE, Inc. Interest income 2 5 — Interest expense — 1 3 Provision for credit losses 1 — — Reversal of credit losses — 1 — Channel Corporation Interest expense — — 43 CWhy Inc. Losses on financial instruments at fair value through profit or loss 2,000 — — Insurance income — — 2 CellinCells Co., Ltd. Interest expense 4 — — Bomapp Inc. Fee and commission expense 9 5 — Insurance income 8 — — Losses on financial instruments at fair value through profit or loss — 1,980 — KB Social Impact Investment Fund Fee and commission income 300 300 286 KB-UTC Inno-Tech Venture Fund Fee and commission income 371 471 449 KBSP Private Equity Fund No.4 Fee and commission income 480 389 211 KB-NAU Special Situation Corporate Restructuring Private Equity Fund Fee and commission income 237 1,198 561 JR Global REIT * Fee and commission income 6,210 — — IGIS No.371 Professional Investors’ Real Estate Investment Company * Fee and commission income 200 — — Koreit Tower Real Estate Investment Trust Company * Fee and commission income 2,852 — — 2020 KB Fintech Renaissance Fund Fee and commission income 60 147 147 KB Material and Parts No.1 PEF Fee and commission income 63 353 353 FineKB Private Equity Fund No.1 Fee and commission income 38 540 641 Paramark KB Fund No.1 Fee and commission income — 100 356 KB-Badgers Future Mobility ESG Fund No.1 Fee and commission income — — 905 KB Bio Private Equity No.3 Ltd.* Fee and commission income — 324 4,035 K The 15th REIT Co., Ltd. * Fee and commission income — 500 — Insurance income — 1 — KB-KTB Technology Venture Fund Fee and commission income — — 600 THE CHAEUL FUND NO.1 Fee and commission income — — 82 Bluepointpartners Inc. Gains on financial instruments at fair value through profit or loss — 846 — Losses on financial instruments at fair value through profit or loss 68 — — KB-Solidus Global Healthcare Fund Fee and commission income 777 167 350 SwatchOn Inc.* Fee and commission income 9 8 5 Interest expense 47 10 5 Gomi corporation Inc. Interest income — 19 61 Interest expense — 1 2 Fee and commission income — — 1 Provision for credit losses — 13 3 BNF Corporation Ltd. * Interest income 401 — — Fee and commission income 2 — — Provision for credit losses 8 — — KB Cape No.1 Private Equity Fund Fee and commission income 144 144 72 Losses on financial instruments at fair value through profit or loss — 69 — 2020 2021 2022 (In millions of Korean won) Keystone-Hyundai Securities No.1 Private Equity Fund * Fee and commission income 115 43 — KB-GeneN Medical Venture Fund No.1 Fee and commission income — — 76 KB-BridgePole Venture Investment Fund Fee and commission income — — 118 KB-Kyobo New Mobility Power Fund Fee and commission income — — 69 KB Co-Investment Private Equity Fund No.1 Fee and commission income — — 483 KB-NP Green ESG New Technology Venture Capital Fund Fee and commission income — — 435 Others Retirement pension Fee and commission income 1,077 1,338 1,352 Interest expense 3 9 39 * Excluded from the Group’s related party as of December 31, 2022. Meanwhile, the Group purchased installment financial assets, etc. from SY Auto Capital Co., Ltd. amounting to ₩878,690 million and ₩486,586 million for the years ended December 31, 2021 and 2022, respectively. |
Summary Of Outstanding Balances For Related Party Transactions | Details of significant outstanding balances of receivables and payables arising from transactions with related parties as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won) Associates and joint ventures Balhae Infrastructure Company Other assets ₩ 1,427 ₩ 1,306 Korea Credit Bureau Co., Ltd. Loans measured at amortized cost (gross amount) 36 38 Deposits 10,200 27,889 Provisions — 2 Insurance liabilities 1 1 Incheon Bridge Co., Ltd. Financial assets at fair value through profit or loss 37,382 32,948 Loans measured at amortized cost (gross amount) 114,107 95,211 Allowances for credit losses 26 12 Other assets 423 615 Deposits 35,487 48,639 Provisions 24 18 Insurance liabilities 79 89 Other liabilities 99 446 Jungdo Co., Ltd. Deposits 4 4 Dae-A Leisure Co., Ltd. Deposits 17 154 Aju Good Technology Venture Fund Deposits 6,286 7,222 Other liabilities 10 73 KB Star Office Private Real Estate Master Fund No.1 * Loans measured at amortized cost (gross amount) 10,000 — Allowances for credit losses 5 — Other assets 138 — Deposits 2,578 — December 31, 2021 December 31, 2022 (In millions of Korean won) Star-Lord General Investors Private Real Estate Investment Company No.10 Loans measured at amortized cost (gross amount) — 149,294 Allowances for credit losses — 1 Property and equipment — 9,915 Other assets — 8,591 Insurance liabilities — 46 Other liabilities — 14,227 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund Deposits 1,524 1,526 Other liabilities — 1 WJ Private Equity Fund No.1 Other assets 2 2 Deposits 260 221 KB Cape No.1 Private Equity Fund Financial assets at fair value through profit or loss 1,591 2,017 Other assets 73 — RAND Bio Science Co., Ltd. Deposits 443 3 Loans measured at amortized cost (gross amount) 1 — SY Auto Capital Co., Ltd. Loans measured at amortized cost (gross amount) 40,074 40,040 Allowances for credit losses 68 55 Other assets 630 63 Deposits 17 10 Insurance liabilities 14 14 Other liabilities 36 5 Food Factory Co., Ltd. Financial assets at fair value through profit or loss 663 696 Loans measured at amortized cost (gross amount) 3,553 3,345 Allowances for credit losses 4 4 Other assets 2 4 Deposits 839 664 Insurance liabilities 8 8 Other liabilities 6 1 KB Pre IPO Secondary Venture Fund No.1 * Deposits 103 — Acts Co., Ltd *. Deposits 154 — Insurance liabilities 2 — Other liabilities 100 — POSCO-KB Shipbuilding Fund Other assets 213 177 Paycoms Co., Ltd. Other assets 1 — Financial assets at fair value through profit or loss 1,269 1,172 Deposits 1 1 Big Dipper Co., Ltd. Loans measured at amortized cost (gross amount) 17 18 Deposits — 19 December 31, 2021 December 31, 2022 (In millions of Korean won) KB-KDBC Pre-IPO New Technology Business Investment Fund Deposits 904 317 Iwon Alloy Co., Ltd. Deposits — 1 Insurance liabilities 1 1 Computerlife Co., Ltd. Deposits — 3 RMGP Bio-Pharma Investment Fund, L.P. Financial assets at fair value through profit or loss 5,423 6,384 Other liabilities 79 36 RMGP Bio-Pharma Investment, L.P. Financial assets at fair value through profit or loss 14 17 Wyatt Corp. Financial assets at fair value through profit or loss 6,000 6,000 Deposits 1 1 Insurance liabilities 94 75 Skydigital Inc. Deposits 85 10 Banksalad Co., Ltd. Financial assets at fair value through profit or loss 9,090 10,470 Spark Biopharma Inc. Financial assets at fair value through profit or loss 4,950 7,450 Loans measured at amortized cost (gross amount) 17 17 Deposits 6,015 17,534 Other liabilities 3 91 UPRISE, Inc. Financial assets at fair value through profit or loss 1,250 5,248 Deposits 4,001 27 Stratio, Inc. Financial assets at fair value through profit or loss 1,000 1,000 Honest Fund, Inc. Financial assets at fair value through profit or loss 3,999 3,999 CellinCells Co., Ltd. Financial assets at fair value through profit or loss 2,000 2,000 Loans measured at amortized cost (gross amount) 6 7 Deposits 38 37 Channel Corporation Financial assets at fair value through profit or loss 14,551 18,099 Deposits — 3,000 Other liabilities — 21 Jo Yang Industrial Co., Ltd. Deposits 1 — KB No.17 Special Purpose Acquisition Company * Financial assets at fair value through profit or loss 1,301 — Deposits 1,687 — Other liabilities 12 — KB No.18 Special Purpose Acquisition Company * Financial assets at fair value through profit or loss 3,881 — Deposits 2,077 — Other liabilities 12 — December 31, 2021 December 31, 2022 (In millions of Korean won) KB No.19 Special Purpose Acquisition Company * Financial assets at fair value through profit or loss 2,091 — Deposits 1,013 — Other liabilities 5 — KB No.20 Special Purpose Acquisition Company* Financial assets at fair value through profit or loss 3,135 — Deposits 1,681 — Other liabilities 3 — KB No.21 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 2,959 Deposits — 2,263 Other liabilities — 29 KB No.22 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 1,972 Deposits — 1,948 KB No.23 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 2,971 Deposits — 2,205 Other liabilities — 22 KB No.24 Special Purpose Acquisition Company Financial assets at fair value through profit or loss — 6,975 Deposits — 9,983 Other liabilities — 1 COSES GT Co., Ltd. Financial assets at fair value through profit or loss 4,930 4,930 Loans measured at amortized cost (gross amount) 515 506 Allowances for credit losses 2 4 Other assets 1 2 Deposits 1,939 1,213 IDTECK Co., Ltd. Insurance liabilities 1 — Bomapp Inc. * Financial assets at fair value through profit or loss 19 — Deposits — 1 MitoImmune Therapeutics Financial assets at fair value through profit or loss 7,000 7,000 KB-Solidus Global Healthcare Fund Other assets 620 350 Bioprotect Ltd. Financial assets at fair value through profit or loss 3,557 3,802 Gomi corporation Inc. Financial assets at fair value through profit or loss 2,500 4,000 Loans measured at amortized cost (gross amount) 2,233 2,234 Allowances for credit losses 12 17 Other assets 4 5 Deposits 3,188 915 Other liabilities 1 1 Copin Communications, Inc. * Financial assets at fair value through profit or loss 4,801 — December 31, 2021 December 31, 2022 (In millions of Korean won) Go2joy Co., Ltd. Financial assets at fair value through profit or loss 1,200 1,200 ClavisTherapeutics, Inc. Financial assets at fair value through profit or loss 2,000 2,000 S&E Bio Co., Ltd. Financial assets at fair value through profit or loss 2,000 4,000 Loans measured at amortized cost (gross amount) — 10 Deposits 263 6,419 Bluepointpartners Inc. Financial assets at fair value through profit or loss 2,278 2,133 4N Inc. Financial assets at fair value through profit or loss 200 200 Deposits 39 5 Xenohelix Co., Ltd. Financial assets at fair value through profit or loss 2,100 2,100 Contents First Inc. Financial assets at fair value through profit or loss 7,277 7,277 Loans measured at amortized cost (gross amount) — 10,017 Allowances for credit losses — 1 Other assets — 2 Deposits 12,650 5,010 Other liabilities 57 21 KB-MDI Centauri Fund LP Financial assets at fair value through profit or loss 9,633 17,471 Other assets 104 470 2020 KB Fintech Renaissance Fund Other assets — 37 OKXE Inc. Financial assets at fair value through profit or loss 800 800 GENINUS Inc. * Financial assets at fair value through profit or loss 5,855 — Loans measured at amortized cost (gross amount) 17 — Allowances for credit losses 6 — Deposits 34,415 — Other liabilities 2 — Mantisco Co., Ltd. Loans measured at amortized cost (gross amount) 1 15 Financial assets at fair value through profit or loss 3,000 3,000 Deposits 386 623 Pin Therapeutics Inc. Loans measured at amortized cost (gross amount) — 13 Financial assets at fair value through profit or loss 3,000 5,000 Deposits — 6,033 Other liabilities — 18 December 31, 2021 December 31, 2022 (In millions of Korean won) IMBiologics Corp. Loans measured at amortized cost (gross amount) 4 4 Financial assets at fair value through profit or loss 5,000 5,000 SuperNGine Co., Ltd. Loans measured at amortized cost (gross amount) 2 6 Deposits 944 17 Financial assets at fair value through profit or loss 1,996 1,996 Desilo Inc. Financial assets at fair value through profit or loss 3,168 3,168 Loans measured at amortized cost (gross amount) 301 300 Allowances for credit losses 2 2 Deposits 168 1 Turing Co., Ltd. Financial assets at fair value through profit or loss 3,000 3,000 Deposits 1,054 2,788 IGGYMOB Co., Ltd. Financial assets at fair value through profit or loss 5,000 5,000 Loans measured at amortized cost (gross amount) 6 15 Deposits 2,938 254 Kukka Co., Ltd. Financial assets at fair value through profit or loss — 2,490 ZIPDOC Inc. Financial assets at fair value through profit or loss — 2,000 Deposits — 915 TeamSparta Inc. Financial assets at fair value through profit or loss — 4,001 Deposits — 12,502 Other liabilities — 6 Chabot Mobility Co., Ltd. Financial assets at fair value through profit or loss — 2,000 Deposits — 86 Wemade Connect Co., Ltd. Financial assets at fair value through profit or loss — 12,000 Loans measured at amortized cost (gross amount) — 52 Provisions — 2 Deposits — 10,370 Insurance liabilities — 2 Other liabilities — 28 Nextrade Co., Ltd. Deposits — 56,202 Other liabilities — 263 TMAP Mobility Co., Ltd. Deposits — 30,000 Other liabilities — 76 FutureConnect Co., Ltd. Financial assets at fair value through profit or loss — 1,499 Gushcloud Talent Agency Financial assets at fair value through profit or loss — 4,165 December 31, 2021 December 31, 2022 (In millions of Korean won) Grinergy Financial assets at fair value through profit or loss — 2,500 NexThera Co., Ltd. Financial assets at fair value through profit or loss — 2,000 FineKB Private Equity Fund No.1 Other assets 153 160 Paramark KB Fund No.1 Other liabilities 200 34 December & Company Inc. Deposits 1 1 Insurance liabilities 10 9 KB Social Impact Investment Fund Other assets 150 436 Checkmate Therapeutics Inc. Financial assets at fair value through profit or loss 2,200 3,200 Insurance liabilities — 3 G1 Playground Co., Ltd. Financial assets at fair value through profit or loss 1,000 1,000 Deposits 354 — Hibiscus Fund LP Financial assets at fair value through profit or loss 4,731 10,221 Other assets 251 — Other liabilities — 257 RMG-KB BioAccess Fund L.P. Financial assets at fair value through profit or loss 353 2,753 RMG-KB BP Management Ltd. Financial assets at fair value through profit or loss 7 77 SwatchOn Inc.* Financial assets at fair value through profit or loss 3,345 — Loans measured at amortized cost (gross amount) 73 — Deposits 686 — KB Co-Investment Private Equity Fund No.1 Other assets — 191 Key management personnel Loans measured at amortized cost (gross amount) 4,591 6,299 Allowances for credit losses 2 3 Other assets 4 7 Deposits 16,996 17,618 Provisions 1 1 Insurance liabilities 2,471 2,374 Other liabilities 345 387 Others Retirement pension Other assets 369 778 Other liabilities 5,014 10,141 * Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. |
Summary Of Significant Loan Transactions With Related Parties | Details of significant lending transactions with related parties for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Loan Collection Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 36 ₩ 36 ₩ (36 ) ₩ 36 Incheon Bridge Co., Ltd. 171,758 7 (20,276 ) 151,489 KB Star Office Private Real Estate Master Fund No.1* 10,000 — — 10,000 KB Cape No.1 Private Equity Fund 2,000 — (409 ) 1,591 RAND Bio Science Co., Ltd. 1 1 (1 ) 1 SY Auto Capital Co., Ltd. 40,060 74 (60 ) 40,074 Food Factory Co., Ltd. 3,872 397 (53 ) 4,216 Paycoms Co., Ltd. 1,226 43 — 1,269 Big Dipper Co., Ltd. 4 17 (4 ) 17 RMGP Bio-Pharma Investment Fund, L.P. 4,250 1,173 — 5,423 RMGP Bio-Pharma Investment, L.P. 9 5 — 14 Wyatt Corp. 6,000 — — 6,000 Banksalad Co., Ltd. 9,141 — (51 ) 9,090 UPRISE, Inc. 750 1,000 (500 ) 1,250 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. 3,999 — — 3,999 CellinCells Co., Ltd. 2,024 6 (24 ) 2,006 KB No.17 Special Purpose Acquisition Company* 2,687 — (1,386 ) 1,301 KB No.18 Special Purpose Acquisition Company* 3,873 8 — 3,881 KB No.19 Special Purpose Acquisition Company* 2,055 36 — 2,091 KB No.20 Special Purpose Acquisition Company* 3,067 68 — 3,135 COSES GT Co., Ltd. 5,430 15 — 5,445 Bomapp Inc.* 1,999 — (1,980 ) 19 Channel Corporation 4,551 10,000 — 14,551 MitoImmune Therapeutics 5,000 2,000 — 7,000 Bioprotect Ltd. 3,264 293 — 3,557 Gomi corporation Inc. 509 4,233 (9 ) 4,733 Copin Communications, Inc.* 1,500 3,301 — 4,801 Go2joy Co., Ltd. 1,200 — — 1,200 ClavisTherapeutics, Inc. 2,000 — — 2,000 S&E Bio Co., Ltd. 2,000 — — 2,000 Bluepointpartners Inc. 1,432 846 — 2,278 4N Inc. 200 — — 200 Xenohelix Co., Ltd. 2,100 — — 2,100 Contents First Inc. 6,146 1,131 — 7,277 KB-MDI Centauri Fund LP 4,280 5,353 — 9,633 SwatchOn Inc.* 3,404 73 (59 ) 3,418 OKXE Inc. 800 — — 800 GENINUS Inc.* 5,599 273 — 5,872 Checkmate Therapeutics Inc. — 2,200 — 2,200 Mantisco Co., Ltd. — 3,001 — 3,001 IMBiologics Corp. — 5,004 — 5,004 Spark Biopharma Inc. — 4,967 — 4,967 G1 Playground Co., Ltd. — 1,000 — 1,000 Pin Therapeutics Inc. — 3,000 — 3,000 Hibiscus Fund LP — 4,731 — 4,731 SuperNGine Co., Ltd. — 1,998 — 1,998 Desilo Inc. — 3,469 — 3,469 2021 Beginning Loan Collection Ending (In millions of Korean won) RMG-KB BioAccess Fund L.P. — 353 — 353 RMG-KB BP Management Ltd. — 7 — 7 IGGYMOB Co., Ltd. — 5,006 — 5,006 Turing Co., Ltd. — 3,000 — 3,000 Key management personnel 5,153 3,421 (3,983 ) 4,591 * Excluded from the Group’s related party as of December 31, 2021. 2022 Beginning Loan Collection Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 36 ₩ 38 ₩ (36 ) ₩ 38 Incheon Bridge Co., Ltd. 151,489 11 (23,341 ) 128,159 Star-Lord General Investors Private Real Estate Investment Company No.10 — 150,000 (706 ) 149,294 KB Star Office Private Real Estate Master Fund No.1* 10,000 — (10,000 ) — KB Cape No.1 Private Equity Fund 1,591 426 — 2,017 RAND Bio Science Co., Ltd. 1 — (1 ) — SY Auto Capital Co., Ltd. 40,074 40 (74 ) 40,040 Food Factory Co., Ltd. 4,216 1,541 (1,716 ) 4,041 Paycoms Co., Ltd. 1,269 — (97 ) 1,172 Big Dipper Co., Ltd. 17 18 (17 ) 18 RMGP Bio-Pharma Investment Fund, L.P. 5,423 961 — 6,384 RMGP Bio-Pharma Investment, L.P. 14 3 — 17 Wyatt Corp. 6,000 — — 6,000 Banksalad Co., Ltd. 9,090 1,380 — 10,470 UPRISE, Inc. 1,250 3,998 — 5,248 Stratio, Inc. 1,000 — — 1,000 Honest Fund, Inc. 3,999 — — 3,999 CellinCells Co., Ltd. 2,006 7 (6 ) 2,007 KB No.17 Special Purpose Acquisition Company* 1,301 — (1,301 ) — KB No.18 Special Purpose Acquisition Company* 3,881 — (3,881 ) — KB No.19 Special Purpose Acquisition Company* 2,091 — (2,091 ) — KB No.20 Special Purpose Acquisition Company* 3,135 — (3,135 ) — KB No.21 Special Purpose Acquisition Company — 2,959 — 2,959 KB No.22 Special Purpose Acquisition Company — 1,972 — 1,972 KB No.23 Special Purpose Acquisition Company — 2,971 — 2,971 KB No.24 Special Purpose Acquisition Company — 6,975 — 6,975 COSES GT Co., Ltd. 5,445 6 (15 ) 5,436 Bomapp Inc.* 19 — (19 ) — Channel Corporation 14,551 3,548 — 18,099 MitoImmune Therapeutics 7,000 — — 7,000 Bioprotect Ltd. 3,557 245 — 3,802 Gomi corporation Inc. 4,733 1,534 (33 ) 6,234 Copin Communications, Inc.* 4,801 — (4,801 ) — Go2joy Co., Ltd. 1,200 — — 1,200 ClavisTherapeutics, Inc. 2,000 — — 2,000 S&E Bio Co., Ltd. 2,000 2,010 — 4,010 Bluepointpartners Inc. 2,278 — (145 ) 2,133 4N Inc. 200 — — 200 2022 Beginning Loan Collection Ending (In millions of Korean won) Xenohelix Co., Ltd. 2,100 — — 2,100 Contents First Inc. 7,277 10,017 — 17,294 KB-MDI Centauri Fund LP 9,633 7,838 — 17,471 SwatchOn Inc.* 3,418 — (3,418 ) — OKXE Inc. 800 — — 800 GENINUS Inc.* 5,872 — (5,872 ) — Checkmate Therapeutics Inc. 2,200 1,000 — 3,200 Mantisco Co., Ltd. 3,001 15 (1 ) 3,015 IMBiologics Corp. 5,004 4 (4 ) 5,004 Spark Biopharma Inc. 4,967 2,517 (17 ) 7,467 G1 Playground Co., Ltd. 1,000 — — 1,000 Pin Therapeutics Inc. 3,000 2,013 — 5,013 Hibiscus Fund LP 4,731 5,490 — 10,221 SuperNGine Co., Ltd. 1,998 6 (2 ) 2,002 Desilo Inc. 3,469 — (1 ) 3,468 RMG-KB BioAccess Fund L.P. 353 2,400 — 2,753 RMG-KB BP Management Ltd. 7 70 — 77 IGGYMOB Co., Ltd. 5,006 15 (6 ) 5,015 Turing Co., Ltd. 3,000 — — 3,000 Kukka Co., Ltd. — 2,490 — 2,490 ZIPDOC Inc. — 2,000 — 2,000 Gushcloud Talent Agency — 4,165 — 4,165 Grinergy — 2,500 — 2,500 NexThera Co., Ltd. — 2,000 — 2,000 Chabot Mobility Co., Ltd. — 2,000 — 2,000 TeamSparta Inc. — 4,001 — 4,001 FutureConnect Co., Ltd. — 1,499 — 1,499 Wemade Connect Co., Ltd. — 12,052 — 12,052 Key management personnel 4,591 4,527 (2,819 ) 6,299 * Excluded from the Group’s related party as of December 31, 2022. |
Summary Of Significant Borrowing Transactions With Related Parties | Details of significant borrowing transactions with related parties for the years ended December 31, 2021 and 2022, are as follows: 2021 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 19,982 ₩ — ₩ (1,000 ) ₩ (8,782 ) ₩ 10,200 Incheon Bridge Co., Ltd. 39,520 15,000 (20,000 ) 967 35,487 Jungdo Co., Ltd. 4 — — — 4 Dae-A Leisure Co., Ltd. 636 — (479 ) (140 ) 17 Skydigital Inc. 15 — — 70 85 Jo Yang Industrial Co., Ltd. 2 — — (1 ) 1 Aju Good Technology Venture Fund 3,093 3,840 (1,442 ) 795 6,286 KB-KDBC Pre-IPO New Technology Business Investment Fund 923 — — (19 ) 904 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund 8,097 — — (6,573 ) 1,524 Neomio Corp. 2 535 — — (535 ) — 2021 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) WJ Private Equity Fund No.1 349 — — (89 ) 260 KB Star Office Private Real Estate Master Fund 2 4,255 — (1,770 ) 93 2,578 SY Auto Capital Co., Ltd. 6 — — 11 17 KB No.17 Special Purpose Acquisition Company 2 1,711 1,546 (1,525 ) (45 ) 1,687 KB No.18 Special Purpose Acquisition Company 2 2,101 2,016 (2,063 ) 23 2,077 KB No.19 Special Purpose Acquisition Company 2 1,053 1,000 (1,000 ) (40 ) 1,013 KB No.20 Special Purpose Acquisition Company 2 1,716 1,534 (1,522 ) (47 ) 1,681 RAND Bio Science Co., Ltd. 693 — (400 ) 150 443 Food Factory Co., Ltd. 1,555 507 (500 ) (723 ) 839 Acts Co., Ltd. 2 18 — — 136 154 Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. 1 — — (1 ) — Wyatt Corp. 1 — — — 1 Stratio, Inc. 13 — — (13 ) — UPRISE, Inc. 11 — — 3,990 4,001 CellinCells Co., Ltd. 260 — — (222 ) 38 COSES GT Co., Ltd. 292 — — 1,647 1,939 SwatchOn Inc. 2 3,947 200 (3,501 ) 40 686 Gomi corporation Inc. 37 — — 3,151 3,188 S&E Bio Co., Ltd. 1,142 — — (879 ) 263 KB Pre IPO Secondary Venture Fund No.1 2 629 — — (526 ) 103 4N Inc. 76 — — (37 ) 39 Contents First Inc. 1,823 20,000 (11,000 ) 1,827 12,650 December & Company Inc. 1 — — — 1 GENINUS Inc. 2 13,630 — (5,000 ) 25,785 34,415 Mantisco Co., Ltd. — — — 386 386 Spark Biopharma Inc. — 1,000 (3,000 ) 8,015 6,015 G1 Playground Co., Ltd. — — — 354 354 SuperNGine Co., Ltd. — — — 944 944 Desilo Inc. — — — 168 168 Turing Co., Ltd. — — — 1,054 1,054 IGGYMOB Co., Ltd. — — — 2,938 2,938 Key management personnel 17,167 16,574 (16,994 ) 249 16,996 2022 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Associates and joint ventures Korea Credit Bureau Co., Ltd. ₩ 10,200 ₩ — ₩ — ₩ 17,689 ₩ 27,889 Incheon Bridge Co., Ltd. 35,487 29,217 (15,000 ) (1,065 ) 48,639 Jungdo Co., Ltd. 4 — — — 4 Dae-A Leisure Co., Ltd. 17 — — 137 154 Iwon Alloy Co., Ltd. — — — 1 1 Computerlife Co., Ltd. — — — 3 3 Skydigital Inc. 85 — — (75 ) 10 Jo Yang Industrial Co., Ltd. 1 — — (1 ) — Aju Good Technology Venture Fund 6,286 6,577 (3,840 ) (1,801 ) 7,222 2022 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) KB-KDBC Pre-IPO New Technology Business Investment Fund 904 — — (587 ) 317 KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund 1,524 — — 2 1,526 WJ Private Equity Fund No.1 260 — — (39 ) 221 KB Star Office Private Real Estate Master Fund 2 2,578 — (2,578 ) — — SY Auto Capital Co., Ltd. 17 — — (7 ) 10 KB No.17 Special Purpose Acquisition Company 2 1,687 — (1,546 ) (141 ) — KB No.18 Special Purpose Acquisition Company 2 2,077 — (2,016 ) (61 ) — KB No.19 Special Purpose Acquisition Company 2 1,013 — (1,000 ) (13 ) — KB No.20 Special Purpose Acquisition Company 2 1,681 — (1,534 ) (147 ) — KB No.21 Special Purpose Acquisition Company — 2,000 — 263 2,263 KB No.22 Special Purpose Acquisition Company — — — 1,948 1,948 KB No.23 Special Purpose Acquisition Company — 2,133 — 72 2,205 KB No.24 Special Purpose Acquisition Company — — — 9,983 9,983 RAND Bio Science Co., Ltd. 443 — — (440 ) 3 Food Factory Co., Ltd. 839 511 (1,018 ) 332 664 Acts Co., Ltd. 2 154 — — (154 ) — Paycoms Co., Ltd. 1 — — — 1 Big Dipper Co., Ltd. — 300 (300 ) 19 19 Wyatt Corp. 1 — — — 1 UPRISE, Inc. 4,001 — — (3,974 ) 27 CellinCells Co., Ltd. 38 — — (1 ) 37 COSES GT Co., Ltd. 1,939 — — (726 ) 1,213 SwatchOn Inc. 2 686 — — (686 ) — Gomi corporation Inc. 3,188 — — (2,273 ) 915 S&E Bio Co., Ltd. 263 50 — 6,106 6,419 KB Pre IPO Secondary Venture Fund No.1 2 103 — — (103 ) — 4N Inc. 39 — — (34 ) 5 Contents First Inc. 12,650 10,000 (16,000 ) (1,640 ) 5,010 December & Company Inc. 1 — — — 1 GENINUS Inc. 2 34,415 — — (34,415 ) — Mantisco Co., Ltd. 386 — — 237 623 Pin Therapeutics Inc. — 21,000 (16,200 ) 1,233 6,033 Spark Biopharma Inc. 6,015 41,165 (27,539 ) (2,107 ) 17,534 G1 Playground Co., Ltd. 354 — — (354 ) — SuperNGine Co., Ltd. 944 — — (927 ) 17 Desilo Inc. 168 — — (167 ) 1 Turing Co., Ltd. 1,054 — — 1,734 2,788 IGGYMOB Co., Ltd. 2,938 — — (2,684 ) 254 TMAP Mobility Co., Ltd. — 80,000 (50,000 ) — 30,000 Nextrade Co., Ltd. — 56,200 — 2 56,202 Kukka Co., Ltd. — — — — — ZIPDOC Inc. — — — 915 915 TeamSparta Inc. — 9,000 (4,000 ) 7,502 12,502 Chabot Mobility Co., Ltd. — — — 86 86 Wemade Connect Co., Ltd. — 11,010 (3,267 ) 2,627 10,370 2022 Beginning Borrowing Repayment Others 1 Ending (In millions of Korean won) Wise Asset Management Co., Ltd. — 6 (6 ) — — Channel Corporation — 6,000 (3,000 ) — 3,000 Key management personnel 16,996 20,855 (17,189 ) (3,043 ) 17,619 1 Transactions between related parties, such as settlements arising from operating activities and deposits, are expressed in net amount. 2 Excluded from the Group’s related party as of December 31, 2022. |
Summary Of Significant Investment And Collection Transactions With Related Parties | Details of significant investment and withdrawal transactions with related parties for the years ended December 31, 2021 and 2022, are as follows: 2021 2022 Equity Withdrawal Equity Withdrawal (In millions of Korean won) Balhae Infrastructure Company ₩ 279 ₩ 3,620 ₩ — ₩ 26,054 KB GwS Private Securities Investment Trust * — 188,836 — — KoFC POSCO Hanwha KB Shared Growth Private Equity Fund No.2 * — 1,950 — 5 POSCO-KB Shipbuilding Fund — 5,925 — 950 KB Pre IPO Secondary Venture Fund No.1 * — 292 — 1,429 KB-KDBC Pre-IPO New Technology Business Investment Fund — 3,000 — 5,200 KB-SJ Tourism Venture Fund 500 — — 400 Korea Credit Bureau Co., Ltd. — 90 — — KB-UTC Inno-Tech Venture Fund 5,085 — — — KB-Solidus Global Healthcare Fund — — — 19,630 KB-Stonebridge Secondary Private Equity Fund 10,734 10,992 4,369 4,216 KB Star Office Private Real Estate Master Fund No.1 * — 601 — 26,240 KB SPROTT Renewable Private Equity Fund No.1 — — 12,247 — KB-NAU Special Situation Corporate Restructuring Private Equity Fund 6,968 — 1,320 4,706 JR Global REIT * — 65,025 — — KB Bio Private Equity No.3 Ltd. * 10,000 — — 10,000 K The 15th REIT Co., Ltd. * 8,600 8,600 — — Project Vanilla Co., Ltd. * — — — 525 KB Social Impact Investment Fund 1,500 — — — KB-TS Technology Venture Private Equity Fund 1,510 2,976 — 4,536 Keystone-Hyundai Securities No.1 Private Equity Fund * — 1,925 — — KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund 8,000 8,200 — 12,800 Aju Good Technology Venture Fund — 769 — 5,400 G payment Joint Stock Company 9,029 — — — 498/7 Owners LLC * — — — 166,851 KB-KTB Technology Venture Fund — — 11,200 — KB-SOLIDUS Healthcare Investment Fund — — 18,000 — Paramark KB Fund No.1 — — 12,444 2,285 FineKB Private Equity Fund No.1 8,375 — 7,500 3,100 KB-GeneN Medical Venture Fund No.1 — — 2,000 — 2021 2022 Equity Withdrawal Equity Withdrawal (In millions of Korean won) KB-BridgePole Venture Investment Fund — — 850 — KB-Kyobo New Mobility Power Fund — — 3,000 — DA-Friend New Technology Investment Fund No.2 — — 988 — Cornerstone Pentastone Fund No.4 — — 818 — SKS-VLP New Technology Investment Fund No.2 — — 1,156 — JS Private Equity Fund No.3 — — 1,700 — Mirae Asset Mobility Investment Fund No.1 — — 2,000 — KB-FT 1st Green Growth Investment Fund — — 2,000 — THE CHAEUL FUND NO.1 — — 1,000 — Star-Lord General Investors Private Real Estate Investment Company No.10 — — 46,700 10 KB Co-Investment Private Equity Fund No.1 — — 7,268 — Glenwood Credit Private Equity Fund No.2 — — 42,000 — Apollo REIT PropCo LLC * — — 19,968 19,968 TMAP Mobility Co., Ltd. — — 200,000 — POSITIVE Sobujang Venture Fund No.1 — — 2,000 — History 2022 Fintech Fund — — 2,000 — PEBBLES-MW M.C.E New Technology Investment Fund 1 st — — 2,000 — KB-NP Green ESG New Technology Venture Capital Fund — — 9,350 — Nextrade Co., Ltd. — — 9,700 — KB-Badgers Future Mobility ESG Fund No.1 — — 2,137 — Shinhan Global Mobility Fund1 — — 1,345 — SKB Next Unicorn K-Battery Fund No.1 — — 1,995 — * Excluded from the Group’s related party as of December 31, 2022. |
Summary Of Commitments Made On Behalf Of Entity Related Party Transactions | Unused commitments provided to related parties as of December 31, 2021 and 2022, are as follows: December 31, 2021 December 31, 2022 (In millions of Korean won or in a US Dollar or Malaysian ringgit) Associates and joint ventures Balhae Infrastructure Company Purchase of securities ₩ 6,154 ₩ 6,154 Korea Credit Bureau Co., Ltd. Unused lines of credit for credit card 565 562 Incheon Bridge Co., Ltd. Loan commitments in Korean won 20,000 20,000 Unused lines of credit for credit card 93 89 KoFC POSCO Hanwha KB Shared Growth Private Equity Fund No.2 * Commitments on loss absorption priority 10,000 — SY Auto Capital Co., Ltd. Unused lines of credit for credit card 98 110 Food Factory Co., Ltd. Unused lines of credit for credit card 82 52 KB No.18 Special Purpose Acquisition Company * Unused lines of credit for credit card 15 — KB No.19 Special Purpose Acquisition Company * Unused lines of credit for credit card 1 — KB No.23 Special Purpose Acquisition Company Unused lines of credit for credit card — 12 CellinCells Co., Ltd. Unused lines of credit for credit card 18 17 RAND Bio Science Co., Ltd. Unused lines of credit for credit card 24 25 Big Dipper Co., Ltd. Unused lines of credit for credit card 43 27 SwatchOn Inc. * Unused lines of credit for credit card 127 — Gomi corporation Inc. Unused lines of credit for credit card 2 16 COSES GT Co., Ltd. Unused lines of credit for credit card 15 24 GENINUS Inc. * Unused lines of credit for credit card 43 — Spark Biopharma Inc. Unused lines of credit for credit card 33 33 Mantisco Co., Ltd. Unused lines of credit for credit card 29 15 IMBiologics Corp. Unused lines of credit for credit card 18 18 SuperNGine Co., Ltd. Unused lines of credit for credit card 18 14 IGGYMOB Co., Ltd. Unused lines of credit for credit card 14 35 Pin Therapeutics Inc. Unused lines of credit for credit card — 37 Grinergy Unused lines of credit for credit card — 10 S&E Bio Co., Ltd. Unused lines of credit for credit card — 40 Desilo Inc. Unused lines of credit for credit card — — ZIPDOC Inc. Unused lines of credit for credit card — — Wemade Connect Co., Ltd. Unused lines of credit for credit card — 148 KB Pre IPO Secondary Venture Fund Commitments on loss absorption priority 1,671 — KB-TS Technology Venture Private Equity Fund Purchase of securities 616 110 KB SPROTT Renewable Private Equity Fund No.1 Purchase of securities 18,704 5,140 KB-Stonebridge Secondary Private Equity Fund Purchase of securities 5,579 864 KB-NAU Special Situation Corporate Restructuring Private Equity Fund Purchase of securities 16,608 15,288 All Together Korea Fund No.2 Purchase of securities — 990,000 KB-KTB Technology Venture Fund Purchase of securities 22,400 11,200 KB-SOLIDUS Healthcare Investment Fund Purchase of securities 88,200 70,200 KB Co-Investment Private Equity Fund No.1 Purchase of securities 20,000 15,732 KB-Badgers Future Mobility ESG Fund No.1 Purchase of securities — 42,863 KB-NP Green ESG New Technology Venture Capital Fund Purchase of securities — 40,650 December 31, 2021 December 31, 2022 (In millions of Korean won or in a US Dollar or Malaysian ringgit) FineKB Private Equity Fund No.1 Purchase of securities 16,625 9,125 KB-Solidus Global Healthcare Fund Purchase of securities 2,120 2,120 Commitments on loss 4,500 4,500 Paramark KB Fund No.1 Purchase of securities 27,960 17,832 RMGP Bio-Pharma Investment Fund, L.P. Purchase of securities USD 5,169,932 USD 4,094,487 RMGP Bio-Pharma Investment, L.P. Purchase of securities USD 12,615 USD 10,731 KB-MDI Centauri Fund LP Purchase of securities USD 6,622,923 USD 1,744,518 Hibiscus Fund LP Purchase of securities MYR 33,333,333 MYR 16,666,667 RMG-KB BP Management Ltd. Purchase of securities USD 616,170 USD 699,733 RMG-KB BioAccess Fund L.P. Purchase of securities USD 29,702,324 USD 27,428,899 Key management personnel Loan commitments in Korean won 2,018 2,354 * Excluded from the Group’s related party as of December 31, 2022. |
Summary Of Key Management Personnel Compensation | Details of compensation to key management personnel for the years ended December 31, 2020, 2021 and 2022, are as follows: 2020 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 8,111 ₩ 672 ₩ 6,369 ₩ 15,152 Registered directors (non-executive) 1,133 — — 1,133 Non-registered directors 10,782 396 6,934 18,112 ₩ 20,026 ₩ 1,068 ₩ 13,303 ₩ 34,397 2021 Short-term Post-employment benefits Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 8,152 ₩ 966 ₩ 11,655 ₩ 20,773 Registered directors (non-executive) 1,061 — — 1,061 Non-registered directors 12,820 466 14,424 27,710 ₩ 22,033 ₩ 1,432 ₩ 26,079 ₩ 49,544 2022 Short-term Post-employment Share-based Total (In millions of Korean won) Registered directors (executive) ₩ 8,725 ₩ 863 ₩ 7,487 ₩ 17,075 Registered directors (non-executive) 1,058 — — 1,058 Non-registered directors 16,756 484 12,432 29,672 ₩ 26,539 ₩ 1,347 ₩ 19,919 ₩ 47,805 |
Summary Of Provision Of Guarantees Or Collateral By Entity Related Party Transactions | Details of collateral provided by related parties as of December 31, 2021 and 2022, are as follows: Assets held as collateral December 31, 2021 December 31, 2022 (In millions of Korean won) Associates KB Star Office Private Real Estate Master Fund No.1 Real estate ₩ 13,000 ₩ — Key management personnel Time deposits and others 745 457 Real estate 5,176 7,483 |
Parent Company Information (Tab
Parent Company Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Condensed Financial Information Disclosure [Abstract] | |
Summary of Condensed Statements of Financial Position | The following tables present the Parent Company Only financial information: Condensed Statements of Financial Position December 31, December 31, (In millions of Korean won) Assets Cash and due from financial institutions ₩ 608,076 ₩ 351,056 Financial assets at fair value through profit or loss 440,760 1,522,314 Loans at amortized cost 249,128 522,326 Investments in subsidiaries * Banking subsidiaries 14,821,721 14,821,721 Nonbanking subsidiaries. 11,919,717 11,919,717 Other assets 831,977 1,316,693 Total assets ₩ 28,871,379 ₩ 30,453,827 Liabilities and shareholders’ equity Debentures ₩ 5,552,791 ₩ 4,956,949 Other liabilities 805,614 1,265,062 Shareholders’ equity 22,512,974 24,231,816 Total liabilities and shareholders’ equity ₩ 28,871,379 ₩ 30,453,827 * Investments in subsidiaries were accounted at cost method in accordance with IAS No.27. |
Summary of Condensed Statements of Comprehensive Income | Condensed Statements of Comprehensive Income 2020 2021 2022 (In millions of Korean won) Income Dividends from subsidiaries ₩ 1,573,411 ₩ 1,617,949 ₩ 1,871,223 Interest from subsidiaries 3,519 7,897 17,310 Other income 22,749 30,953 52,777 Total income 1,599,679 1,656,799 1,941,310 Expense Interest expense 132,437 120,469 112,353 Non-interest expense 87,876 99,745 159,708 Total expense 220,313 220,214 272,061 Profit before income tax expense 1,379,366 1,436,585 1,669,249 Income tax benefit 49 2,281 15,263 Profit for the year 1,379,415 1,438,866 1,684,512 Other comprehensive gain(loss) for the year, net of tax (368 ) (298 ) 2,483 Total comprehensive income for the year ₩ 1,379,047 ₩ 1,438,568 ₩ 1,686,995 |
Summary of Condensed Statements of Cash Flows | Condensed Statements of Cash Flows 2020 2021 2022 (In millions of Korean won) Operating activities Net income ₩ 1,379,415 ₩ 1,438,866 ₩ 1,684,512 Reconciliation of net income to net cash provided by operating activities: Other operating activities, net 9,930 (92,785 ) 7,807 Net cash inflow from operating activities 1,389,345 1,346,081 1,692,319 Investing activities Net payments to subsidiaries (2,347,543 ) (219,268 ) — Other investing activities, net (146,477 ) (39,477 ) (1,409,500 ) Net cash outflow from investing activities (2,494,020 ) (258,745 ) (1,409,500 ) Financing activities Net increase (decrease) in borrowings 100,000 (100,000 ) — Increases in debentures 1,537,091 389,405 498,898 Repayments of debentures and lease liabilities (940,610 ) (970,535 ) (1,100,584 ) Issuance of hybrid securities 1,296,693 1,142,203 1,596,000 Cash dividends paid (883,952 ) (1,053,417 ) (1,564,153 ) Net cash inflow (outflow) from financing activities 1,109,222 (592,344 ) (569,839 ) Net increase (decrease) in cash and cash equivalents 4,547 494,992 (287,020 ) Cash and cash equivalents as of January 1 18,534 23,081 518,073 Cash and cash equivalents as of December 31 ₩ 23,081 ₩ 518,073 ₩ 231,053 |
The Parent Company - Additional
The Parent Company - Additional Information (Details) $ in Thousands, ₩ in Millions, shares in Millions | 12 Months Ended | ||
Dec. 31, 2022 KRW (₩) shares | Dec. 31, 2021 KRW (₩) shares | Dec. 31, 2022 USD ($) shares | |
Entity Information [Abstract] | |||
Name of reporting entity or other means of identification | KB Financial Group Inc. | KB Financial Group Inc. | |
Description of nature of entity's operations and principal activities | KB Financial Group Inc. (the “Parent Company”) was incorporated on September 29, 2008, under the Financial Holding Companies Act of Korea. KB Financial Group Inc. and its subsidiaries (the “Group”) derive substantially all of their revenue and income from providing a broad range of banking and related financial services to consumers and corporations. The Parent Company’s main business purpose is to control subsidiaries that engage in the financial business or subsidiaries closely related to the financial business through the stock ownership. | KB Financial Group Inc. (the “Parent Company”) was incorporated on September 29, 2008, under the Financial Holding Companies Act of Korea. KB Financial Group Inc. and its subsidiaries (the “Group”) derive substantially all of their revenue and income from providing a broad range of banking and related financial services to consumers and corporations. The Parent Company’s main business purpose is to control subsidiaries that engage in the financial business or subsidiaries closely related to the financial business through the stock ownership. | |
Issued capital | ₩ 2,090,558 | ₩ 2,090,558 | $ 1,658,936 |
Number of shares authorised | 1,000 | 1,000 | 1,000 |
Basis of Preparation - Summary
Basis of Preparation - Summary of Preparation of Financial Statements (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Deferred Tax Assets | |
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |
Description of nature of assets with significant risk of material adjustments within next financial year | As the income taxes on the Group’s taxable income is calculated by applying the tax laws of various countries and the decisions of tax authorities, there is uncertainty in calculating the final tax effect. |
Fair value of financial instruments | |
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |
Description of nature of assets with significant risk of material adjustments within next financial year | The fair value of financial instruments where no active market exists or where quoted prices are not otherwise available is determined by using valuation techniques. Financial instruments, which are not actively traded in the market and those with less transparent market prices, will have less objective fair values and require broad judgment on liquidity, concentration, uncertainty in market factors, assumptions in fair value determination, and other risks. As described in the significant accounting policies in Note 3.3 Recognition and Measurement of Financial Instruments, diverse valuation techniques are used to determine the fair value of financial instruments, from generally accepted market valuation models to internally developed valuation models that incorporate various types of assumptions and variables. |
Allowances and provisions for credit losses | |
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |
Description of nature of liabilities with significant risk of material adjustments within next financial year | The Group recognizes and measures allowances for credit losses of debt instruments measured at amortized cost, debt instruments measured at fair value through other comprehensive income, and lease receivables. Also, the Group recognizes and measures provisions for credit losses of acceptances and guarantees, and unused loan commitments. Accuracy of allowances and provisions for credit losses is dependent upon estimation of expected cash flows of the borrower subject to individual assessment of impairment, and upon assumptions and variables of model used in collective assessment of impairment and estimation of provisions for credit losses of acceptances and guarantees, and unused loan commitments. |
Net defined benefit liability | |
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |
Description of nature of liabilities with significant risk of material adjustments within next financial year | The present value of the net defined benefit assets(liabilities) is affected by changes in the various factors determined by the actuarial method. |
Goodwill | |
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |
Description of nature of assets with significant risk of material adjustments within next financial year | The recoverable amounts of cash-generating units are determined based on value-in-use calculations to test whether impairment of goodwill has occurred. |
Estimated claims for Incurred But Not Reported ("IBNR") | |
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |
Description of nature of liabilities with significant risk of material adjustments within next financial year | An amount of IBNR is the total sum of estimated insurance claims that shall be paid for accidents that occurred but have not been reported to the Group and estimated insurance claims that shall be additionally paid upon resumption of payment claims. The Group calculates IBNR by applying statistical methods in risk units prescribed in Detailed Regulations on Supervision of Insurance Business, and records IBNR in reserve for outstanding claims of insurance liability. IBNR based on statistical methods requires significant accounting estimates in determining the application methodology for each accident year (PLDM, ILDM, BFM, and others) and determining the loss development factor. |
Basis of Preparation - Summar_2
Basis of Preparation - Summary of Reclassifications Or Changes In Presentation (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Reclassifications or changes in presentation [line items] | ||||
Increase in changes in other assets | ₩ (1,222,952) | $ (970,458) | ₩ 950,313 | ₩ (5,996,324) |
Increase (decrease) in effect of exchange rate changes on cash and cash equivalents in foreign currency | 170,639 | 135,408 | 241,544 | (261,665) |
Increase in beginning balance of cash and cash equivalents | 25,273,273 | 20,055,288 | 20,091,735 | 14,490,506 |
Increase in ending balance of cash and cash equivalents | 26,162,524 | $ 20,760,942 | 25,273,273 | 20,091,735 |
Increase (decrease) due to changes in accounting policy and corrections of prior period errors [member] | ||||
Reclassifications or changes in presentation [line items] | ||||
Increase in changes in other assets | 175,012 | 4,674,874 | 3,129,722 | |
Increase (decrease) in effect of exchange rate changes on cash and cash equivalents in foreign currency | 88,082 | 83,297 | (89,860) | |
Increase in beginning balance of cash and cash equivalents | 16,164,814 | 11,406,643 | 8,366,781 | |
Increase in ending balance of cash and cash equivalents | ₩ 16,427,908 | ₩ 16,164,814 | ₩ 11,406,643 |
Basis of Preparation - Addition
Basis of Preparation - Additional Information (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||||
Jan. 01, 2022 KRW (₩) | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2019 KRW (₩) | |||
Basis Of Preparation Of Financial Statements [Line Items] | ||||||||||
Assets | ₩ 701,170,848 | [1] | ₩ 663,895,834 | [1] | $ 556,405,314 | |||||
Liabilities | 651,527,934 | [1] | 615,601,914 | [1] | 517,011,803 | |||||
Equity | 49,642,914 | 48,293,920 | ₩ 43,402,357 | $ 39,393,510 | $ 38,323,033 | ₩ 39,149,975 | ||||
Profit Loss | 4,173,239 | $ 3,311,621 | 4,384,381 | 3,515,578 | ||||||
Comprehensive income | 661,802 | 525,165 | 4,607,139 | 3,987,848 | ||||||
Profit (loss), attributable to owners of parent | 4,394,830 | $ 3,487,462 | ₩ 4,409,543 | ₩ 3,468,448 | ||||||
KBK B Insurance Co. Ltd. [member] | ||||||||||
Basis Of Preparation Of Financial Statements [Line Items] | ||||||||||
Insurance contract assets | ₩ 1,644,590 | |||||||||
Insurance contract liabilities | 25,847,176 | |||||||||
KB Prudential Life Insurance Company Of Korea Ltd [member] | ||||||||||
Basis Of Preparation Of Financial Statements [Line Items] | ||||||||||
Insurance contract assets | 0 | |||||||||
Insurance contract liabilities | 20,140,367 | |||||||||
KB Life Insurance Co., Ltd [member] | ||||||||||
Basis Of Preparation Of Financial Statements [Line Items] | ||||||||||
Insurance contract assets | 3,854 | |||||||||
Insurance contract liabilities | 8,459,438 | |||||||||
IFRS 17 [member] | ||||||||||
Basis Of Preparation Of Financial Statements [Line Items] | ||||||||||
Assets | 688,608,545 | 688,608,545 | ||||||||
Liabilities | 634,464,297 | 634,464,297 | ||||||||
Equity | 54,144,248 | 54,144,248 | ||||||||
Profit Loss | 3,900,094 | 3,900,094 | ||||||||
Comprehensive income | 4,046,755 | 4,046,755 | ||||||||
Profit (loss), attributable to owners of parent | 4,121,685 | |||||||||
Insurance contract assets | 1,579,270 | 1,579,270 | ||||||||
Insurance contract liabilities | ₩ 45,951,740 | 45,951,740 | ||||||||
IFRS 17 [member] | Increase (decrease) due to changes in accounting policy [member] | ||||||||||
Basis Of Preparation Of Financial Statements [Line Items] | ||||||||||
Assets | 12,562,303 | |||||||||
Liabilities | 17,063,637 | |||||||||
Equity | 4,501,334 | |||||||||
Profit Loss | 273,145 | |||||||||
Comprehensive income | 3,384,953 | |||||||||
Profit (loss), attributable to owners of parent | ₩ 273,145 | |||||||||
[1]Assets and liabilities of the reporting segments are amounts before intersegment transactions. |
Basis of Preparation - Summar_3
Basis of Preparation - Summary of Detailed Information About Effect on Financial Statements on Adoption of IFRS No.17 (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||||||||
Jan. 01, 2022 KRW (₩) | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2019 KRW (₩) | ||||
Assets [abstract] | |||||||||||
Financial assets | ₩ 670,773,326 | ₩ 634,240,053 | |||||||||
Intangible assets | 3,200,399 | 3,266,357 | $ 2,539,636 | ||||||||
Deferred income tax assets | 251,085 | 159,093 | 199,245 | ||||||||
Other assets | 28,437,529 | 28,174,173 | 22,566,244 | ||||||||
Total assets | 701,170,848 | [1] | 663,895,834 | [1] | 556,405,314 | ||||||
Liabilities [abstract] | |||||||||||
Financial liabilities | 577,787,581 | 541,632,120 | |||||||||
Deferred income tax liabilities | 22,693 | 1,470,981 | 18,008 | ||||||||
Other liabilities | 40,140,365 | 43,130,482 | 31,852,882 | ||||||||
Total liabilities | 651,527,934 | [1] | 615,601,914 | [1] | 517,011,803 | ||||||
Equity [abstract] | |||||||||||
Accumulated other comprehensive income | (2,713,053) | 1,047,274 | (2,152,909) | ||||||||
Retained earnings | 28,446,513 | 25,672,815 | 22,573,373 | ||||||||
Non-controlling interests | 1,280,102 | 833,338 | 1,015,809 | ||||||||
Total equity | 49,642,914 | 48,293,920 | ₩ 43,402,357 | $ 39,393,510 | $ 38,323,033 | ₩ 39,149,975 | |||||
Net interest income | 20,788,518 | $ 16,496,467 | 15,210,878 | 14,485,747 | |||||||
Net fee and commission income | 5,121,520 | 4,064,118 | 5,323,606 | 4,527,024 | |||||||
Net insurance income | 696,513 | 552,709 | 556,711 | 299,993 | |||||||
Insurance income | 17,136,842 | 13,598,726 | 16,107,858 | 14,386,640 | |||||||
Insurance service expense | 16,440,329 | 13,046,016 | 15,551,147 | 14,086,647 | |||||||
Net gains on financial instruments at fair value through profit or loss | 247,357 | 196,287 | 995,304 | 1,011,366 | |||||||
Net other operating expenses | 1,426,744 | 1,152,644 | 1,510,483 | ||||||||
General and administrative expenses | 7,537,802 | 5,981,528 | 7,200,853 | 6,814,812 | |||||||
Provision for credit losses | 1,835,988 | 1,456,925 | 1,185,133 | 1,043,498 | |||||||
Net other non-operating income (expenses) | 156,771 | 124,404 | (16,011) | 145,640 | |||||||
Profit before income tax expense | 5,795,626 | 4,599,046 | 6,081,606 | 4,779,972 | |||||||
Income tax expense | 1,622,387 | 1,287,425 | 1,697,225 | 1,264,394 | |||||||
Profit for the year | 4,173,239 | 3,311,621 | 4,384,381 | 3,515,578 | |||||||
Non-controlling interests | (221,591) | (175,841) | (25,162) | 47,130 | |||||||
Shareholders of the parent company | 4,394,830 | 3,487,462 | 4,409,543 | 3,468,448 | |||||||
Other comprehensive income for the year, net of tax | (3,511,437) | (2,786,457) | 222,758 | 472,270 | |||||||
Total comprehensive income for the year | 661,802 | $ 525,165 | ₩ 4,607,139 | ₩ 3,987,848 | |||||||
Increase Decrease Due to Changes in Adoption of Accounting Policy IFRS17 [member] | |||||||||||
Assets [abstract] | |||||||||||
Financial assets | ₩ 885,652 | ||||||||||
Intangible assets | (1,341,929) | ||||||||||
Deferred income tax assets | (62,713) | ||||||||||
Other assets | (13,622,090) | ||||||||||
Insurance contract assets | 83,304 | ||||||||||
Reinsurance contract assets | 1,495,966 | ||||||||||
Others | (493) | ||||||||||
Total assets | (12,562,303) | ||||||||||
Liabilities [abstract] | |||||||||||
Financial liabilities | 5,043,512 | ||||||||||
Insurance contract liabilities | (12,310,291) | ||||||||||
Reinsurance contract liabilities | 31,728 | ||||||||||
Deferred income tax liabilities | 1,552,261 | ||||||||||
Other liabilities | (11,346,735) | ||||||||||
Others | (34,112) | ||||||||||
Total liabilities | (17,063,637) | ||||||||||
Equity [abstract] | |||||||||||
Share capital and capital adjustments | 0 | ||||||||||
Accumulated other comprehensive income | 4,025,575 | ||||||||||
Retained earnings | 475,759 | ||||||||||
Non-controlling interests | 0 | ||||||||||
Total equity | 4,501,334 | ||||||||||
Net interest income | [2] | (1,719,512) | |||||||||
Net fee and commission income | 193,270 | ||||||||||
Net insurance income | 637,577 | ||||||||||
Insurance income | (7,592,368) | ||||||||||
Insurance service expense | 8,479,310 | ||||||||||
Reinsurance income | 522,389 | ||||||||||
Reinsurance expense | (771,754) | ||||||||||
Net gains on financial instruments at fair value through profit or loss | (1,380,832) | ||||||||||
Insurance finance income | 897,441 | ||||||||||
Net other operating expenses | 97,326 | ||||||||||
General and administrative expenses | 894,148 | ||||||||||
Provision for credit losses | (11,787) | ||||||||||
Net other non-operating income (expenses) | 3,798 | ||||||||||
Profit before income tax expense | (388,571) | ||||||||||
Income tax expense | 115,426 | ||||||||||
Profit for the year | (273,145) | ||||||||||
Non-controlling interests | 0 | ||||||||||
Shareholders of the parent company | (273,145) | ||||||||||
Other comprehensive income for the year, net of tax | 3,658,098 | ||||||||||
Total comprehensive income for the year | 3,384,953 | ||||||||||
IFRS 17 [member] | |||||||||||
Assets [abstract] | |||||||||||
Financial assets | 660,449,629 | ||||||||||
Intangible assets | 1,858,470 | ||||||||||
Deferred income tax assets | 188,372 | ||||||||||
Other assets | 14,815,439 | ||||||||||
Insurance contract assets | 83,304 | ||||||||||
Reinsurance contract assets | 1,495,966 | ||||||||||
Others | 9,717,365 | ||||||||||
Total assets | 688,608,545 | 688,608,545 | |||||||||
Liabilities [abstract] | |||||||||||
Financial liabilities | 556,125,846 | ||||||||||
Insurance contract liabilities | 45,920,012 | ||||||||||
Reinsurance contract liabilities | 31,728 | ||||||||||
Deferred income tax liabilities | 1,574,954 | ||||||||||
Other liabilities | 28,793,630 | ||||||||||
Others | 2,018,127 | ||||||||||
Total liabilities | 634,464,297 | 634,464,297 | |||||||||
Equity [abstract] | |||||||||||
Share capital and capital adjustments | 22,629,352 | ||||||||||
Accumulated other comprehensive income | 1,312,522 | ||||||||||
Retained earnings | 28,922,272 | ||||||||||
Non-controlling interests | 1,280,102 | ||||||||||
Total equity | 54,144,248 | 54,144,248 | |||||||||
Net interest income | [2] | 11,393,422 | |||||||||
Net fee and commission income | 3,514,902 | ||||||||||
Net insurance income | 1,334,090 | ||||||||||
Insurance income | 9,544,474 | ||||||||||
Insurance service expense | (7,961,019) | ||||||||||
Reinsurance income | 522,389 | ||||||||||
Reinsurance expense | (771,754) | ||||||||||
Net gains on financial instruments at fair value through profit or loss | (1,133,475) | ||||||||||
Insurance finance income | 897,441 | ||||||||||
Net other operating expenses | (2,268,465) | ||||||||||
General and administrative expenses | (6,643,654) | ||||||||||
Provision for credit losses | (1,847,775) | ||||||||||
Net other non-operating income (expenses) | 160,569 | ||||||||||
Profit before income tax expense | 5,407,055 | ||||||||||
Income tax expense | (1,506,961) | ||||||||||
Profit for the year | 3,900,094 | 3,900,094 | |||||||||
Non-controlling interests | (221,591) | ||||||||||
Shareholders of the parent company | 4,121,685 | ||||||||||
Other comprehensive income for the year, net of tax | 146,661 | ||||||||||
Total comprehensive income for the year | 4,046,755 | ₩ 4,046,755 | |||||||||
IFRS 4 [Member] | |||||||||||
Assets [abstract] | |||||||||||
Financial assets | 659,563,977 | ||||||||||
Intangible assets | 3,200,399 | ||||||||||
Deferred income tax assets | 251,085 | ||||||||||
Other assets | 28,437,529 | ||||||||||
Others | 9,717,858 | ||||||||||
Total assets | 701,170,848 | ||||||||||
Liabilities [abstract] | |||||||||||
Financial liabilities | 551,082,334 | ||||||||||
Insurance contract liabilities | 58,230,303 | ||||||||||
Deferred income tax liabilities | 22,693 | ||||||||||
Other liabilities | 40,140,365 | ||||||||||
Others | 2,052,239 | ||||||||||
Total liabilities | 651,527,934 | ||||||||||
Equity [abstract] | |||||||||||
Share capital and capital adjustments | 22,629,352 | ||||||||||
Accumulated other comprehensive income | (2,713,053) | ||||||||||
Retained earnings | 28,446,513 | ||||||||||
Non-controlling interests | 1,280,102 | ||||||||||
Total equity | 49,642,914 | ||||||||||
Net interest income | 13,112,934 | ||||||||||
Net fee and commission income | 3,321,632 | ||||||||||
Net insurance income | 696,513 | ||||||||||
Insurance income | 17,136,842 | ||||||||||
Insurance service expense | (16,440,329) | ||||||||||
Net gains on financial instruments at fair value through profit or loss | 247,357 | ||||||||||
Net other operating expenses | (2,365,791) | ||||||||||
General and administrative expenses | (7,537,802) | ||||||||||
Provision for credit losses | (1,835,988) | ||||||||||
Net other non-operating income (expenses) | 156,771 | ||||||||||
Profit before income tax expense | 5,795,626 | ||||||||||
Income tax expense | (1,622,387) | ||||||||||
Profit for the year | 4,173,239 | ||||||||||
Non-controlling interests | (221,591) | ||||||||||
Shareholders of the parent company | 4,394,830 | ||||||||||
Other comprehensive income for the year, net of tax | (3,511,437) | ||||||||||
Total comprehensive income for the year | ₩ 661,802 | ||||||||||
[1]Assets and liabilities of the reporting segments are amounts before intersegment transactions.[2]Includes insurance interest expense on insurance contract liabilities. |
Basis of Preparation - Summar_4
Basis of Preparation - Summary of Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 (Details) ₩ in Millions | Jan. 01, 2022 KRW (₩) |
KBK B Insurance Co. Ltd. [member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Insurance contract assets | ₩ 1,644,590 |
Insurance contract liabilities | 25,847,176 |
Contractual service margin | 7,230,248 |
KB Prudential Life Insurance Company Of Korea Ltd [member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Insurance contract assets | 0 |
Insurance contract liabilities | 20,140,367 |
Contractual service margin | 3,606,629 |
KB Life Insurance Co., Ltd [member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Insurance contract assets | 3,854 |
Insurance contract liabilities | 8,459,438 |
Contractual service margin | ₩ 416,831 |
Contractual service margin related to contracts that existed at transition date to which modified retrospective approach has been applied [member] | KBK B Insurance Co. Ltd. [member] | Fully retrospective approach [Member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Period | From 2018 to 2021 |
Insurance contract assets | ₩ 1,358,667 |
Insurance contract liabilities | 4,760,646 |
Contractual service margin | ₩ 5,061,116 |
Contractual service margin related to contracts that existed at transition date to which modified retrospective approach has been applied [member] | KBK B Insurance Co. Ltd. [member] | Fair value approach [Member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Period | Before 2018 |
Insurance contract assets | ₩ 285,923 |
Insurance contract liabilities | 21,086,530 |
Contractual service margin | ₩ 2,169,132 |
Contractual service margin related to contracts that existed at transition date to which modified retrospective approach has been applied [member] | KB Prudential Life Insurance Company Of Korea Ltd [member] | Fully retrospective approach [Member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Period | For the entire period |
Insurance contract assets | ₩ 0 |
Insurance contract liabilities | 20,140,367 |
Contractual service margin | ₩ 3,606,629 |
Contractual service margin related to contracts that existed at transition date to which modified retrospective approach has been applied [member] | KB Life Insurance Co., Ltd [member] | Fully retrospective approach [Member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Period | From 2019 to 2021 |
Insurance contract assets | ₩ 3,369 |
Insurance contract liabilities | 2,038,428 |
Contractual service margin | ₩ 359,140 |
Contractual service margin related to contracts that existed at transition date to which modified retrospective approach has been applied [member] | KB Life Insurance Co., Ltd [member] | Fair value approach [Member] | |
Detailed Information About Transition Methods on the Valuation of Insurance Contract Assets and Liabilities under IFRS No.17 [Line Items] | |
Period | Before 2019 |
Insurance contract assets | ₩ 485 |
Insurance contract liabilities | 6,421,010 |
Contractual service margin | ₩ 57,691 |
Basis of Preparation - Summar_5
Basis of Preparation - Summary of Detailed Information About Estimated Composition of Assets and Liabilities under IFRS No.17 (Details) - IFRS 17 [member] - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Jan. 01, 2022 |
Detailed Information About Estimated Composition of Assets and Liabilities under IFRS No.17 [Line Items] | ||
Insurance contracts that are assets | ₩ 1,579,270 | ₩ 1,579,270 |
Insurance contracts that are liabilities | ₩ 45,951,740 | 45,951,740 |
Insurance contracts issued [member] | ||
Detailed Information About Estimated Composition of Assets and Liabilities under IFRS No.17 [Line Items] | ||
Insurance contracts that are assets | 83,304 | |
Insurance contracts that are liabilities | 45,920,012 | |
Reinsurance contracts held [member] | ||
Detailed Information About Estimated Composition of Assets and Liabilities under IFRS No.17 [Line Items] | ||
Insurance contracts that are assets | 1,495,966 | |
Insurance contracts that are liabilities | 31,728 | |
Contractual service margin [member] | Insurance contracts issued [member] | ||
Detailed Information About Estimated Composition of Assets and Liabilities under IFRS No.17 [Line Items] | ||
Insurance contracts that are assets | (316,418) | |
Insurance contracts that are liabilities | 12,892,278 | |
Contractual service margin [member] | Reinsurance contracts held [member] | ||
Detailed Information About Estimated Composition of Assets and Liabilities under IFRS No.17 [Line Items] | ||
Insurance contracts that are assets | (93,045) | |
Insurance contracts that are liabilities | ₩ (7,922) |
Basis of Preparation - Summar_6
Basis of Preparation - Summary of Redesignation Of Financial Assets At Date Of Initial Application Of IFRS 17 (Details) ₩ in Millions | Jan. 01, 2022 KRW (₩) |
Financial assets at fair value through profit or loss, category [member] | |
Re-designation of financial assets at date of initial application of IFRS 17 [line items] | |
Measurement categories before the re-evaluation of the business models | Financial assets at fair value through profit or loss |
Measurement categories after the re-evaluation of the business models | Financial assets at fair value through other comprehensive income |
Carrying amount before the re-evaluation of the business models | ₩ 106,412 |
Carrying amount after the re-evaluation of the business models | ₩ 106,412 |
Loans Measured at Amortized Cost [Member] | |
Re-designation of financial assets at date of initial application of IFRS 17 [line items] | |
Measurement categories before the re-evaluation of the business models | Loans measured at amortized cost |
Measurement categories after the re-evaluation of the business models | Financial assets at fair value through other comprehensive income |
Carrying amount before the re-evaluation of the business models | ₩ 134,811 |
Carrying amount after the re-evaluation of the business models | ₩ 126,674 |
Securities Measured at Amortized Cost [Member] | |
Re-designation of financial assets at date of initial application of IFRS 17 [line items] | |
Measurement categories before the re-evaluation of the business models | Securities measured at amortized cost |
Measurement categories after the re-evaluation of the business models | Financial assets at fair value through other comprehensive income |
Carrying amount before the re-evaluation of the business models | ₩ 22,389,536 |
Carrying amount after the re-evaluation of the business models | ₩ 18,068,804 |
Significant Accounting Polici_4
Significant Accounting Policies - Summary of the the Correlation Between the Major Macroeconomic Variables and the Credit Risk (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Domestic GDP Growth Rate | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Composite Stock Index | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Rate of change of construction investment | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Rate of change of housing transaction price index | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Interest rate spread | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Positive correlation |
Private consumption growth rate | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Change of call rate compared to the previous year (%p) | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Positive correlation |
Rate of change of household loan | |
Disclosure Of Correlation Between The Major Macroeconomic Variables And The Credit Risk [Line Items] | |
Correlation Between The Major Macroeconomic Variables And The Credit Risk | Negative correlation |
Significant Accounting Polici_5
Significant Accounting Policies - Summary of Property Plant And Equipment (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Buildings | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation Method Property Plant And Equipment | Straight-line |
Description Of Useful Life Property Plant And Equipment | 20~40 years |
Leasehold improvements | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation Method Property Plant And Equipment | Declining-balance/ Straight-line |
Description Of Useful Life Property Plant And Equipment | 4~15 years |
Equipment and vehicles | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Depreciation Method Property Plant And Equipment | Declining-balance/ Straight-line |
Description Of Useful Life Property Plant And Equipment | 3~15 years |
Significant Accounting Polici_6
Significant Accounting Policies - Summary of Investment Property (Details) - Buildings | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about investment property [line items] | |
Depreciation Method Investment Property Cost Model | Straight-line |
Description Of Useful Life Investment Property Cost Model | 20~40 years |
Significant Accounting Polici_7
Significant Accounting Policies - Summary of Finite Lived Intangible Assets (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Industrial property rights | |
Disclosure of detailed information about intangible assets [line items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Straight-line |
Description of useful life, intangible assets other than goodwill | 3 ~ 19 years |
Software | |
Disclosure of detailed information about intangible assets [line items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Straight-line |
Description of useful life, intangible assets other than goodwill | 3 ~ 5 years |
Value of business acquired | |
Disclosure of detailed information about intangible assets [line items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Declining-balance |
Description of useful life, intangible assets other than goodwill | 30, 60 years |
Others | |
Disclosure of detailed information about intangible assets [line items] | |
Amortisation Method Intangible Assets Other Than Goodwill | Straight-line / Declining-balance |
Description of useful life, intangible assets other than goodwill | 1 ~ 13 years |
Financial Risk Management - Sum
Financial Risk Management - Summary of Maximum Exposure to Credit Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | ₩ 872,280,850 | ₩ 812,680,771 | |
Financial assets | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 663,389,715 | 625,370,475 | |
Due from financial institutions measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 29,500,768 | 28,362,387 |
Due from financial institutions measured at fair value through profit or loss | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 69,469 | 200,742 | |
Securities measured at fair value through profit or loss | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 61,787,727 | 63,002,692 | |
Loans measured at fair value through profit or loss | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 493,562 | 269,296 | |
Financial instruments indexed to the price of gold | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 90,006 | 113,622 | |
Derivatives | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 9,446,134 | 3,721,370 | |
Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 436,530,502 | 417,900,273 |
Securities measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 55,610,319 | 56,259,511 | |
Securities measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 58,288,734 | 44,471,628 |
Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 363,144 | 313,604 | |
Other financial assets | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | [1] | 11,209,350 | 10,755,350 |
Off-balance sheet items | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 208,891,135 | 187,310,296 | |
Acceptances And Guarantees Contracts | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 12,425,753 | 10,199,689 | |
Financial guarantee contracts | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | 8,297,042 | 6,892,464 | |
Commitments | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum Exposure To Credit Risk | ₩ 188,168,340 | ₩ 170,218,143 | |
[1]After netting of allowance |
Financial Risk Management - S_2
Financial Risk Management - Summary of Credit Quality of Loans (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | ₩ 441,052,271 | ₩ 421,897,932 | |
Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 440,689,127 | 421,584,328 |
Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 225,794,809 | 204,852,930 |
Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 140,368,052 | 116,633,945 |
Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 74,217,692 | 75,901,506 |
Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 7,290,675 | 8,176,960 |
Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,527,716 | 1,631,888 |
Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,390,674 | 2,508,631 |
Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 192,284,725 | 195,907,078 |
Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 172,711,656 | 175,415,039 |
Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 11,577,332 | 13,338,416 |
Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 5,822,079 | 4,848,530 |
Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 640,157 | 653,177 |
Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,533,501 | 1,651,916 |
Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 22,609,593 | 20,824,320 |
Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 12,863,150 | 11,753,812 |
Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 5,605,157 | 4,946,599 |
Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,067,507 | 2,773,859 |
Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 304,963 | 690,815 |
Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 768,816 | 659,235 |
Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 363,144 | 313,604 | |
Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 363,144 | 313,604 | |
Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 303,317 | 233,868 | |
Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 59,827 | 79,736 | |
Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
12-month expected credit losses | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 402,994,497 | 385,621,371 | |
12-month expected credit losses | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 402,631,353 | 385,307,767 |
12-month expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 204,752,181 | 185,257,805 |
12-month expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 134,487,020 | 111,284,284 |
12-month expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 65,627,866 | 68,050,042 |
12-month expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,054,715 | 5,323,745 |
12-month expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 570,670 | 586,857 |
12-month expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 11,910 | 12,877 |
12-month expected credit losses | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 180,796,692 | 184,045,757 |
12-month expected credit losses | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 168,460,089 | 170,810,128 |
12-month expected credit losses | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 7,697,699 | 9,093,868 |
12-month expected credit losses | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,319,404 | 3,410,624 |
12-month expected credit losses | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 293,828 | 235,150 |
12-month expected credit losses | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 25,672 | 495,987 |
12-month expected credit losses | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 17,082,480 | 16,004,205 |
12-month expected credit losses | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 11,547,014 | 10,640,412 |
12-month expected credit losses | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,390,211 | 3,919,053 |
12-month expected credit losses | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,142,362 | 1,360,908 |
12-month expected credit losses | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,227 | 82,565 |
12-month expected credit losses | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 666 | 1,267 |
12-month expected credit losses | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 363,144 | 313,604 | |
12-month expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 363,144 | 313,604 | |
12-month expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 303,317 | 233,868 | |
12-month expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 59,827 | 79,736 | |
12-month expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
12-month expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
12-month expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 34,506,845 | 32,788,523 | |
Non-impaired | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 34,506,845 | 32,788,523 |
Non-impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 19,026,079 | 17,432,855 |
Non-impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 5,877,660 | 5,345,956 |
Non-impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 8,585,346 | 7,847,126 |
Non-impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,221,267 | 2,850,266 |
Non-impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 922,748 | 1,037,461 |
Non-impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 419,058 | 352,046 |
Non-impaired | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 10,548,754 | 11,062,809 |
Non-impaired | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,240,281 | 4,593,302 |
Non-impaired | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,846,756 | 4,209,451 |
Non-impaired | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,477,076 | 1,414,439 |
Non-impaired | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 313,999 | 400,029 |
Non-impaired | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 670,642 | 445,588 |
Non-impaired | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,932,012 | 4,292,859 |
Non-impaired | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,316,136 | 1,113,400 |
Non-impaired | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,214,946 | 1,027,546 |
Non-impaired | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,925,145 | 1,412,951 |
Non-impaired | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 302,736 | 608,250 |
Non-impaired | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 173,049 | 130,712 |
Non-impaired | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Non-impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 3,550,929 | 3,488,038 | |
Impaired | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,550,929 | 3,488,038 |
Impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 2,016,549 | 2,162,270 |
Impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 3,372 | 3,705 |
Impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 4,480 | 4,338 |
Impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 14,693 | 2,949 |
Impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 34,298 | 7,570 |
Impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 1,959,706 | 2,143,708 |
Impaired | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 939,279 | 798,512 |
Impaired | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 11,286 | 11,609 |
Impaired | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 32,877 | 35,097 |
Impaired | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 25,599 | 23,467 |
Impaired | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 32,330 | 17,998 |
Impaired | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 837,187 | 710,341 |
Impaired | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 595,101 | 527,256 |
Impaired | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Impaired | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 595,101 | 527,256 |
Impaired | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Impaired | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Loans measured at amortized cost | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Retail | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Credit card | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | [1] | 0 | 0 |
Not applying expected credit losses | Loans measured at fair value through other comprehensive income | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 1 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 2 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 3 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 4 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | 0 | 0 | |
Not applying expected credit losses | Corporate | Grade 5 | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Maximum exposure to credit risk of loans or receivables | ₩ 0 | ₩ 0 | |
[1]Before netting of allowance |
Financial Risk Management - S_3
Financial Risk Management - Summary of Credit Quality of Loans Graded According to Internal Credit Ratings (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Grade 1 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 1% | 1% |
Grade 1 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 0% | 0% |
Grade 2 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 5% | 5% |
Grade 2 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 1% | 1% |
Grade 3 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 15% | 15% |
Grade 3 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 5% | 5% |
Grade 4 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 30% | 30% |
Grade 4 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 15% | 15% |
Grade 5 | ||
Credit Quality Of Loans [Line Items] | ||
Range of probability of default (%) | 30% | 30% |
Retail | Grade 1 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 5 | 5 |
Retail | Grade 1 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 1 | 1 |
Retail | Grade 2 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 8 | 8 |
Retail | Grade 2 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 6 | 6 |
Retail | Grade 3 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 10 | 10 |
Retail | Grade 3 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 9 | 9 |
Retail | Grade 4 | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 11 | 11 |
Retail | Grade 5 | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | 12 | 12 |
Corporate | Grade 1 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | BBB | BBB |
Corporate | Grade 1 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | AAA | AAA |
Corporate | Grade 2 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | BB | BB |
Corporate | Grade 2 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | BBB | BBB |
Corporate | Grade 3 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | B | B |
Corporate | Grade 3 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | BB | BB |
Corporate | Grade 4 | Bottom of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | CCC | CCC |
Corporate | Grade 4 | Top of range [member] | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | B | B |
Corporate | Grade 5 | ||
Credit Quality Of Loans [Line Items] | ||
Credit Quality Of Loans | CC | CC |
Financial Risk Management - S_4
Financial Risk Management - Summary of Quantification Extent to Collateral and other Credit Enhancements Mitigate Credit Risk Loans (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
12-month expected credit losses | ||
Assets Held as Collateral Permitted to be Sold or Repledged at Fair Value [Line Items] | ||
Guarantees | ₩ 100,396,614 | ₩ 90,696,507 |
Deposits and savings | 6,206,646 | 5,723,090 |
Property and equipment | 14,648,523 | 13,205,822 |
Real estate | 190,604,649 | 182,139,890 |
Total | 311,856,432 | 291,765,309 |
Lifetime expected credit losses | ||
Assets Held as Collateral Permitted to be Sold or Repledged at Fair Value [Line Items] | ||
Guarantees | 107,759,040 | 97,697,362 |
Deposits and savings | 6,398,959 | 5,900,708 |
Property and equipment | 15,830,917 | 14,122,770 |
Real estate | 208,030,976 | 197,867,371 |
Total | 338,019,892 | 315,588,211 |
Non-impaired | ||
Assets Held as Collateral Permitted to be Sold or Repledged at Fair Value [Line Items] | ||
Guarantees | 7,060,738 | 6,604,758 |
Deposits and savings | 141,016 | 98,389 |
Property and equipment | 1,002,291 | 597,251 |
Real estate | 15,720,019 | 13,736,634 |
Total | 23,924,064 | 21,037,032 |
Impaired | ||
Assets Held as Collateral Permitted to be Sold or Repledged at Fair Value [Line Items] | ||
Guarantees | 301,688 | 396,097 |
Deposits and savings | 51,297 | 79,229 |
Property and equipment | 180,103 | 319,697 |
Real estate | 1,706,308 | 1,990,847 |
Total | ₩ 2,239,396 | ₩ 2,785,870 |
Financial Risk Management - S_5
Financial Risk Management - Summary of Credit Quality of Securities Excluding Equity Securities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | ₩ 113,905,213 | ₩ 100,735,308 | |
Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 58,294,894 | 44,475,797 |
Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 56,448,267 | 43,427,028 |
Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 1,845,339 | 1,039,757 |
Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 1,288 | 9,012 |
Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 55,610,319 | 56,259,511 | |
Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 51,281,790 | 51,490,960 | |
Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 4,233,982 | 4,682,582 | |
Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 75,966 | 46,834 | |
Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 18,581 | 39,135 | |
Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
12-month expected credit losses | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 113,837,543 | 100,723,694 | |
12-month expected credit losses | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 58,294,894 | 44,468,156 |
12-month expected credit losses | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 56,448,267 | 43,427,028 |
12-month expected credit losses | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 1,845,339 | 1,039,757 |
12-month expected credit losses | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 1,288 | 1,371 |
12-month expected credit losses | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
12-month expected credit losses | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 55,542,649 | 56,255,538 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 51,281,790 | 51,490,960 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 4,180,121 | 4,682,582 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 66,797 | 42,861 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 13,941 | 39,135 | |
12-month expected credit losses | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 67,670 | 11,614 | |
Non-impaired | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 7,641 |
Non-impaired | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 7,641 |
Non-impaired | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Non-impaired | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 67,670 | 3,973 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 53,861 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 9,169 | 3,973 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 4,640 | 0 | |
Non-impaired | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Impaired | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Impaired | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at amortized cost | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at amortized cost | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | [1] | 0 | 0 |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 1 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 2 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 3 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 4 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | 0 | 0 | |
Not applying expected credit losses | Securities measured at fair value through other comprehensive income | Grade 5 | |||
Financial Investments Securities Excluding Equity Securities [Line Items] | |||
Financial Investments Securities Excluding Equity Securities | ₩ 0 | ₩ 0 | |
[1]Before netting of allowance |
Financial Risk Management - S_6
Financial Risk Management - Summary of Credit Quality of Securities Excluding Equity Securities According to Credit Ratings External Rating Agencies (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
KIS | Grade 1 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
KIS | Grade 1 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
KIS | Grade 2 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
KIS | Grade 2 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
KIS | Grade 3 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
KIS | Grade 3 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
KIS | Grade 4 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
KIS | Grade 4 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
KIS | Grade 5 | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
NICE P&I | Grade 1 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
NICE P&I | Grade 1 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
NICE P&I | Grade 2 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
NICE P&I | Grade 2 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
NICE P&I | Grade 3 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
NICE P&I | Grade 3 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
NICE P&I | Grade 4 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
NICE P&I | Grade 4 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
NICE P&I | Grade 5 | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
KAP | Grade 1 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
KAP | Grade 1 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
KAP | Grade 2 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
KAP | Grade 2 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
KAP | Grade 3 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
KAP | Grade 3 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
KAP | Grade 4 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
KAP | Grade 4 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
KAP | Grade 5 | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
FnPricing Inc. | Grade 1 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA0 | AA0 |
FnPricing Inc. | Grade 1 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
FnPricing Inc. | Grade 2 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
FnPricing Inc. | Grade 2 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AA- | AA- |
FnPricing Inc. | Grade 3 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB0 | BBB0 |
FnPricing Inc. | Grade 3 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
FnPricing Inc. | Grade 4 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB0 | BB0 |
FnPricing Inc. | Grade 4 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
FnPricing Inc. | Grade 5 | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
S&P | Grade 1 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
S&P | Grade 1 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
S&P | Grade 2 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
S&P | Grade 2 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
S&P | Grade 3 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB | BB |
S&P | Grade 3 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB+ | BB+ |
S&P | Grade 4 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | B+ | B+ |
S&P | Grade 4 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
S&P | Grade 5 | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | B | B |
Fitch-IBCA | Grade 1 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | A- | A- |
Fitch-IBCA | Grade 1 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | AAA | AAA |
Fitch-IBCA | Grade 2 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB- | BBB- |
Fitch-IBCA | Grade 2 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BBB+ | BBB+ |
Fitch-IBCA | Grade 3 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB | BB |
Fitch-IBCA | Grade 3 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB+ | BB+ |
Fitch-IBCA | Grade 4 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | B+ | B+ |
Fitch-IBCA | Grade 4 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | BB- | BB- |
Fitch-IBCA | Grade 5 | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | B | B |
Moody's | Grade 1 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | A3 | A3 |
Moody's | Grade 1 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | Aaa | Aaa |
Moody's | Grade 2 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | Baa3 | Baa3 |
Moody's | Grade 2 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | Baa1 | Baa1 |
Moody's | Grade 3 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | Ba2 | Ba2 |
Moody's | Grade 3 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | Ba1 | Ba1 |
Moody's | Grade 4 | Bottom of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | B1 | B1 |
Moody's | Grade 4 | Top of range [member] | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | Ba3 | Ba3 |
Moody's | Grade 5 | ||
Credit Ratings By External Agencies [Line Items] | ||
Credit Ratings By External Agencies | B2 | B2 |
Financial Risk Management - S_7
Financial Risk Management - Summary of Credit Quality Due Financial Institutions (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | ₩ 16,164,813 | ₩ 16,427,908 | |
Due from financial institutions measured at amortized cost | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 29,503,511 | 28,365,356 |
Due from financial institutions measured at amortized cost | Grade 1 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 27,612,549 | 26,548,145 |
Due from financial institutions measured at amortized cost | Grade 2 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 1,428,663 | 1,305,539 |
Due from financial institutions measured at amortized cost | Grade 3 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 61,177 |
Due from financial institutions measured at amortized cost | Grade 4 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Due from financial institutions measured at amortized cost | Grade 5 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 462,299 | 450,495 |
12-month expected credit losses | Due from financial institutions measured at amortized cost | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 29,503,511 | 28,365,356 |
12-month expected credit losses | Due from financial institutions measured at amortized cost | Grade 1 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 27,612,549 | 26,548,145 |
12-month expected credit losses | Due from financial institutions measured at amortized cost | Grade 2 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 1,428,663 | 1,305,539 |
12-month expected credit losses | Due from financial institutions measured at amortized cost | Grade 3 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 61,177 |
12-month expected credit losses | Due from financial institutions measured at amortized cost | Grade 4 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
12-month expected credit losses | Due from financial institutions measured at amortized cost | Grade 5 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 462,299 | 450,495 |
Non-impaired | Due from financial institutions measured at amortized cost | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Non-impaired | Due from financial institutions measured at amortized cost | Grade 1 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Non-impaired | Due from financial institutions measured at amortized cost | Grade 2 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Non-impaired | Due from financial institutions measured at amortized cost | Grade 3 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Non-impaired | Due from financial institutions measured at amortized cost | Grade 4 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Non-impaired | Due from financial institutions measured at amortized cost | Grade 5 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Impaired | Due from financial institutions measured at amortized cost | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Impaired | Due from financial institutions measured at amortized cost | Grade 1 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Impaired | Due from financial institutions measured at amortized cost | Grade 2 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Impaired | Due from financial institutions measured at amortized cost | Grade 3 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Impaired | Due from financial institutions measured at amortized cost | Grade 4 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Impaired | Due from financial institutions measured at amortized cost | Grade 5 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Not applying expected credit losses | Due from financial institutions measured at amortized cost | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Not applying expected credit losses | Due from financial institutions measured at amortized cost | Grade 1 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Not applying expected credit losses | Due from financial institutions measured at amortized cost | Grade 2 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Not applying expected credit losses | Due from financial institutions measured at amortized cost | Grade 3 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Not applying expected credit losses | Due from financial institutions measured at amortized cost | Grade 4 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | 0 | 0 |
Not applying expected credit losses | Due from financial institutions measured at amortized cost | Grade 5 | |||
Cash And Cash Equivalents Line Items [Line Items] | |||
Due from financial institutions | [1] | ₩ 0 | ₩ 0 |
[1]Before netting of allowance |
Financial Risk Management - S_8
Financial Risk Management - Summary of Quantification Extent Collateral and Credit Enhancements Mitigate Credit Risk Derivatives (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Collateral Mitigate Credit Risk Of Derivative Abstract [Abstract] | ||
Deposits and savings, securities and others | ₩ 2,966,923 | ₩ 834,175 |
Financial Risk Management - S_9
Financial Risk Management - Summary of Groups Regional Loans (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 437,387,208 | ₩ 418,483,173 |
Korea | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 405,333,471 | 392,936,712 |
Europe | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 4,646,101 | 2,644,802 |
China | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 7,003,080 | 6,744,749 |
Japan | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 1,148,442 | 1,037,320 |
United States | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 5,112,400 | 3,527,610 |
Cambodia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 6,304,919 | 5,031,140 |
Indonesia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 3,879,322 | 4,591,811 |
Others | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 3,959,473 | 1,969,029 |
Loans | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 441,545,833 | ₩ 422,167,228 |
% | [1] | 100% | 100% |
Loans | Korea | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 408,364,377 | ₩ 395,589,968 |
% | [1] | 92.49% | 93.70% |
Loans | Europe | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 4,671,790 | ₩ 2,673,817 |
% | [1] | 1.06% | 0.63% |
Loans | China | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 7,042,105 | ₩ 6,779,065 |
% | [1] | 1.59% | 1.61% |
Loans | Japan | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 1,150,197 | ₩ 1,039,547 |
% | [1] | 0.26% | 0.25% |
Loans | United States | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 5,130,629 | ₩ 3,555,723 |
% | [1] | 1.16% | 0.84% |
Loans | Cambodia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 6,378,642 | ₩ 5,101,800 |
% | [1] | 1.44% | 1.21% |
Loans | Indonesia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 4,674,631 | ₩ 5,432,956 |
% | [1] | 1.06% | 1.29% |
Loans | Others | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 4,133,462 | ₩ 1,994,352 |
% | [1] | 0.94% | 0.47% |
Allowances | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ (4,158,625) | ₩ (3,684,055) |
Allowances | Korea | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (3,030,906) | (2,653,256) |
Allowances | Europe | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (25,689) | (29,015) |
Allowances | China | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (39,025) | (34,316) |
Allowances | Japan | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (1,755) | (2,227) |
Allowances | United States | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (18,229) | (28,113) |
Allowances | Cambodia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (73,723) | (70,660) |
Allowances | Indonesia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (795,309) | (841,145) |
Allowances | Others | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | (173,989) | (25,323) |
Retail | Loans | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 192,284,725 | 195,907,078 |
Retail | Loans | Korea | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 186,948,909 | 191,601,232 |
Retail | Loans | Europe | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Retail | Loans | China | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 140,060 | 34,982 |
Retail | Loans | Japan | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 0 | 86 |
Retail | Loans | United States | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Retail | Loans | Cambodia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 2,610,472 | 1,985,808 |
Retail | Loans | Indonesia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 1,735,571 | 1,666,850 |
Retail | Loans | Others | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 849,713 | 618,120 |
Corporate | Loans | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 226,651,515 | 205,435,830 |
Corporate | Loans | Korea | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 198,853,096 | 183,222,201 |
Corporate | Loans | Europe | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 4,671,790 | 2,673,817 |
Corporate | Loans | China | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 6,901,682 | 6,743,756 |
Corporate | Loans | Japan | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 1,150,151 | 1,039,453 |
Corporate | Loans | United States | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 5,130,629 | 3,555,723 |
Corporate | Loans | Cambodia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 3,768,170 | 3,115,992 |
Corporate | Loans | Indonesia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 2,896,037 | 3,710,586 |
Corporate | Loans | Others | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 3,279,960 | 1,374,302 |
Credit card | Loans | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 22,609,593 | 20,824,320 |
Credit card | Loans | Korea | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 22,562,372 | 20,766,535 |
Credit card | Loans | Europe | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Credit card | Loans | China | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 363 | 327 |
Credit card | Loans | Japan | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 46 | 8 |
Credit card | Loans | United States | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Credit card | Loans | Cambodia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 0 | 0 |
Credit card | Loans | Indonesia | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | 43,023 | 55,520 |
Credit card | Loans | Others | |||
Group Regional Loans [Line Items] | |||
Loans And Receivables | [1] | ₩ 3,789 | ₩ 1,930 |
[1]Amount includes loans measured at fair value through profit or loss, other comprehensive income, and amortized cost. |
Financial Risk Management - _10
Financial Risk Management - Summary of Groups Industrial Corporate Loans (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 224,666,120 | ₩ 203,548,914 |
Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 226,651,515 | ₩ 205,435,830 |
% | 100% | 100% |
Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (1,985,395) | ₩ (1,886,916) |
Financial institutions | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | 23,551,276 | 22,027,039 |
Financial institutions | Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 23,603,384 | ₩ 22,059,895 |
% | 10.41% | 10.74% |
Financial institutions | Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (52,108) | ₩ (32,856) |
Manufacturing | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | 52,725,817 | 48,639,156 |
Manufacturing | Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 53,301,044 | ₩ 49,149,918 |
% | 23.52% | 23.92% |
Manufacturing | Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (575,227) | ₩ (510,762) |
Service | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | 97,826,721 | 86,475,823 |
Service | Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 98,306,161 | ₩ 86,926,095 |
% | 43.37% | 42.31% |
Service | Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (479,440) | ₩ (450,272) |
Wholesale & Retail | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | 29,313,689 | 26,604,706 |
Wholesale & Retail | Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 29,665,900 | ₩ 26,862,247 |
% | 13.09% | 13.08% |
Wholesale & Retail | Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (352,211) | ₩ (257,541) |
Construction | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | 6,680,533 | 5,454,668 |
Construction | Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 6,909,315 | ₩ 5,683,471 |
% | 3.06% | 2.77% |
Construction | Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (228,782) | ₩ (228,803) |
Public sector | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | 1,818,762 | 1,975,907 |
Public sector | Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 1,903,185 | ₩ 2,070,960 |
% | 0.84% | 1.01% |
Public sector | Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (84,423) | ₩ (95,053) |
Others | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | 12,749,322 | 12,371,615 |
Others | Loans | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ 12,962,526 | ₩ 12,683,244 |
% | 5.71% | 6.17% |
Others | Allowances | ||
Industrial Corporate Loans [Line Items] | ||
Corporate Loans | ₩ (213,204) | ₩ (311,629) |
Financial Risk Management - _11
Financial Risk Management - Summary of Groups Retail and Credit Card Loans (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ 212,721,088 | ₩ 214,934,259 |
Loans | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ 214,894,318 | ₩ 216,731,398 |
Portionof Retail And Credit Card Loans | 100% | 100% |
Allowances | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ (2,173,230) | ₩ (1,797,139) |
Housing | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | 94,462,942 | 93,624,055 |
Housing | Loans | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ 94,625,388 | ₩ 93,695,479 |
Portionof Retail And Credit Card Loans | 44.03% | 43.23% |
Housing | Allowances | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ (162,446) | ₩ (71,424) |
General | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | 96,486,395 | 101,278,028 |
General | Loans | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ 97,659,337 | ₩ 102,211,599 |
Portionof Retail And Credit Card Loans | 45.45% | 47.16% |
General | Allowances | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ (1,172,942) | ₩ (933,571) |
Credit card | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | 21,771,751 | 20,032,176 |
Credit card | Loans | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ 22,609,593 | ₩ 20,824,320 |
Portionof Retail And Credit Card Loans | 10.52% | 9.61% |
Credit card | Allowances | ||
Retail And Credit Card Loans [Line Items] | ||
Retail And Credit Card Loans | ₩ (837,842) | ₩ (792,144) |
Financial Risk Management - _12
Financial Risk Management - Summary of Credit Risk Industrial Concentration Financial Institutions and Securities Excluding Equity Securities Derivative (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 214,703,151 | ₩ 196,018,330 |
Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 214,712,054 | 196,025,468 |
Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (8,903) | (7,138) |
Due From Financial Institutions At Amortized Cost | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 29,500,768 | 28,362,387 |
Due From Financial Institutions At Amortized Cost | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 29,500,768 | 28,362,387 |
Due From Financial Institutions At Amortized Cost | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 29,503,511 | ₩ 28,365,356 |
% | 100% | 100% |
Due From Financial Institutions At Amortized Cost | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 29,503,511 | ₩ 28,365,356 |
% | 100% | 100% |
Due From Financial Institutions At Amortized Cost | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (2,743) | ₩ (2,969) |
Due From Financial Institutions At Amortized Cost | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (2,743) | (2,969) |
Due from financial institutions measured at fair value through profit or loss | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 69,469 | 200,742 |
Due from financial institutions measured at fair value through profit or loss | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 69,469 | 200,742 |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 69,469 | ₩ 200,742 |
% | 100% | 100% |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 69,469 | ₩ 200,742 |
% | 100% | 100% |
Due from financial institutions measured at fair value through profit or loss | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Due from financial institutions measured at fair value through profit or loss | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 61,787,727 | 63,002,692 |
Securities measured at fair value through profit or loss | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 15,523,407 | 16,101,187 |
Securities measured at fair value through profit or loss | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 35,904,941 | 35,025,800 |
Securities measured at fair value through profit or loss | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 10,359,379 | 11,875,705 |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 61,787,727 | ₩ 63,002,692 |
% | 100% | 100% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 15,523,407 | ₩ 16,101,187 |
% | 25.12% | 25.56% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 35,904,941 | ₩ 35,025,800 |
% | 58.11% | 55.59% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 10,359,379 | ₩ 11,875,705 |
% | 16.77% | 18.85% |
Securities measured at fair value through profit or loss | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through profit or loss | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 9,446,134 | 3,721,370 |
Derivative financial assets | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 58,060 | 6,985 |
Derivative financial assets | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 8,987,835 | 3,554,783 |
Derivative financial assets | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 400,239 | 159,602 |
Derivative financial assets | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 9,446,134 | ₩ 3,721,370 |
% | 100% | 100% |
Derivative financial assets | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 58,060 | ₩ 6,985 |
% | 0.61% | 0.19% |
Derivative financial assets | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 8,987,835 | ₩ 3,554,783 |
% | 95.15% | 95.52% |
Derivative financial assets | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 400,239 | ₩ 159,602 |
% | 4.24% | 4.29% |
Derivative financial assets | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Derivative financial assets | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 55,610,319 | 56,259,511 |
Securities measured at fair value through other comprehensive income | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 25,001,019 | 24,609,458 |
Securities measured at fair value through other comprehensive income | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 21,034,862 | 22,669,379 |
Securities measured at fair value through other comprehensive income | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 9,574,438 | 8,980,674 |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 55,610,319 | ₩ 56,259,511 |
% | 100% | 100% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 25,001,019 | ₩ 24,609,458 |
% | 44.96% | 43.74% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 21,034,862 | ₩ 22,669,379 |
% | 37.83% | 40.29% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 9,574,438 | ₩ 8,980,674 |
% | 17.21% | 15.97% |
Securities measured at fair value through other comprehensive income | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through other comprehensive income | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at amortized cost | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 58,288,734 | 44,471,628 |
Securities measured at amortized cost | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 37,167,818 | 31,996,146 |
Securities measured at amortized cost | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 18,619,664 | 10,447,160 |
Securities measured at amortized cost | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,501,252 | 2,028,322 |
Securities measured at amortized cost | Gross Carrying Amount [Member] | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 58,294,894 | ₩ 44,475,797 |
% | 100% | 100% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 37,167,849 | ₩ 31,996,180 |
% | 63.76% | 71.94% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 18,624,970 | ₩ 10,450,497 |
% | 31.95% | 23.50% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,502,075 | ₩ 2,029,120 |
% | 4.29% | 4.56% |
Securities measured at amortized cost | Allowances | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (6,160) | ₩ (4,169) |
Securities measured at amortized cost | Allowances | Government and government funded institutions | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (31) | (34) |
Securities measured at amortized cost | Allowances | Finance and insurance | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (5,306) | (3,337) |
Securities measured at amortized cost | Allowances | Others | ||
GroupIndustrial Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (823) | ₩ (798) |
Financial Risk Management - _13
Financial Risk Management - Summary of Credit Risk Regional Concentration due Financial Institutions and Securities Excluding Equity Securities Derivative (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 214,703,151 | ₩ 196,018,330 |
Gross Carrying Amount [Member] | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 214,712,054 | 196,025,468 |
Allowances | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (8,903) | (7,138) |
Due from financial institutions measured at amortized cost | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 29,500,768 | 28,362,387 |
Due from financial institutions measured at amortized cost | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 21,764,604 | 21,050,655 |
Due from financial institutions measured at amortized cost | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,247,976 | 2,875,748 |
Due from financial institutions measured at amortized cost | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 5,488,188 | 4,435,984 |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 29,503,511 | ₩ 28,365,356 |
% | 100% | 100% |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 21,765,088 | ₩ 21,051,229 |
% | 73.77% | 74.21% |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,248,004 | ₩ 2,875,884 |
% | 7.62% | 10.14% |
Due from financial institutions measured at amortized cost | Gross Carrying Amount [Member] | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 5,490,419 | ₩ 4,438,243 |
% | 18.61% | 15.65% |
Due from financial institutions measured at amortized cost | Allowances | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (2,743) | ₩ (2,969) |
Due from financial institutions measured at amortized cost | Allowances | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (484) | (574) |
Due from financial institutions measured at amortized cost | Allowances | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (28) | (136) |
Due from financial institutions measured at amortized cost | Allowances | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (2,231) | (2,259) |
Due from financial institutions measured at fair value through profit or loss | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 69,469 | 200,742 |
Due from financial institutions measured at fair value through profit or loss | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 69,469 | 200,742 |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 69,469 | ₩ 200,742 |
% | 100% | 100% |
Due from financial institutions measured at fair value through profit or loss | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 69,469 | ₩ 200,742 |
% | 100% | 100% |
Due from financial institutions measured at fair value through profit or loss | Allowances | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Due from financial institutions measured at fair value through profit or loss | Allowances | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 61,787,727 | 63,002,692 |
Securities measured at fair value through profit or loss | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 56,691,217 | 56,920,225 |
Securities measured at fair value through profit or loss | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,934,339 | 3,334,888 |
Securities measured at fair value through profit or loss | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,162,171 | 2,747,579 |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 61,787,727 | ₩ 63,002,692 |
% | 100% | 100% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 56,691,217 | ₩ 56,920,225 |
% | 91.75% | 90.35% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,934,339 | ₩ 3,334,888 |
% | 4.75% | 5.29% |
Securities measured at fair value through profit or loss | Gross Carrying Amount [Member] | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,162,171 | ₩ 2,747,579 |
% | 3.50% | 4.36% |
Securities measured at fair value through profit or loss | Allowances | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through profit or loss | Allowances | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through profit or loss | Allowances | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 9,446,134 | 3,721,370 |
Derivative financial assets | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 4,830,565 | 1,639,657 |
Derivative financial assets | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,351,969 | 753,896 |
Derivative financial assets | France | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,281,270 | 370,787 |
Derivative financial assets | Singapore | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 212,710 | 117,964 |
Derivative financial assets | Japan | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 435,592 | 96,438 |
Derivative financial assets | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,334,028 | 742,628 |
Derivative financial assets | Gross Carrying Amount [Member] | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 9,446,134 | ₩ 3,721,370 |
% | 100% | 100% |
Derivative financial assets | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 4,830,565 | ₩ 1,639,657 |
% | 51.14% | 44.06% |
Derivative financial assets | Gross Carrying Amount [Member] | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,351,969 | ₩ 753,896 |
% | 14.31% | 20.26% |
Derivative financial assets | Gross Carrying Amount [Member] | France | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,281,270 | ₩ 370,787 |
% | 13.56% | 9.96% |
Derivative financial assets | Gross Carrying Amount [Member] | Singapore | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 212,710 | ₩ 117,964 |
% | 2.25% | 3.17% |
Derivative financial assets | Gross Carrying Amount [Member] | Japan | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 435,592 | ₩ 96,438 |
% | 4.61% | 2.59% |
Derivative financial assets | Gross Carrying Amount [Member] | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,334,028 | ₩ 742,628 |
% | 14.13% | 19.96% |
Derivative financial assets | Allowances | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Derivative financial assets | Allowances | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | France | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Singapore | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Japan | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Derivative financial assets | Allowances | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 55,610,319 | 56,259,511 |
Securities measured at fair value through other comprehensive income | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 51,039,864 | 51,484,332 |
Securities measured at fair value through other comprehensive income | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 1,459,063 | 1,417,898 |
Securities measured at fair value through other comprehensive income | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 3,111,392 | 3,357,281 |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 55,610,319 | ₩ 56,259,511 |
% | 100% | 100% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 51,039,864 | ₩ 51,484,332 |
% | 91.78% | 91.51% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 1,459,063 | ₩ 1,417,898 |
% | 2.63% | 2.52% |
Securities measured at fair value through other comprehensive income | Gross Carrying Amount [Member] | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 3,111,392 | ₩ 3,357,281 |
% | 5.59% | 5.97% |
Securities measured at fair value through other comprehensive income | Allowances | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 0 | ₩ 0 |
Securities measured at fair value through other comprehensive income | Allowances | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at fair value through other comprehensive income | Allowances | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 0 | 0 |
Securities measured at amortized cost | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 58,288,734 | 44,471,628 |
Securities measured at amortized cost | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 51,828,946 | 41,908,971 |
Securities measured at amortized cost | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 3,918,150 | 1,187,961 |
Securities measured at amortized cost | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | 2,541,638 | 1,374,696 |
Securities measured at amortized cost | Gross Carrying Amount [Member] | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 58,294,894 | ₩ 44,475,797 |
% | 100% | 100% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 51,832,992 | ₩ 41,912,154 |
% | 88.92% | 94.24% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 3,919,413 | ₩ 1,188,427 |
% | 6.72% | 2.67% |
Securities measured at amortized cost | Gross Carrying Amount [Member] | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ 2,542,489 | ₩ 1,375,216 |
% | 4.36% | 3.09% |
Securities measured at amortized cost | Allowances | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (6,160) | ₩ (4,169) |
Securities measured at amortized cost | Allowances | Korea | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (4,046) | (3,183) |
Securities measured at amortized cost | Allowances | United States | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | (1,263) | (466) |
Securities measured at amortized cost | Allowances | Others | ||
Groups Regional Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives [Line Items] | ||
Due From Financial Institutions And Securities Excluding Equity Securities And Derivatives | ₩ (851) | ₩ (520) |
Financial Risk Management - _14
Financial Risk Management - Summary of Remaining Contractual Maturity of Financial Assets and Liabilities Excluding Derivatives Cash Flow Hedging (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | ₩ 584,702,671 | ₩ 544,276,680 | |
Financial liabilities at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 2,193,210 | 2,939,584 |
Financial liabilities designated at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 10,078,394 | 9,149,396 |
Derivatives held for trading | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 9,209,537 | 3,509,789 |
Derivatives held for hedging | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 284,219 | 85,546 |
Deposits | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 396,520,477 | 374,922,963 |
Borrowings Related To Liquidity Risk | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 72,449,351 | 57,381,997 | |
Debentures | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 73,073,502 | 70,641,727 | |
Lease liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 623,890 | 608,382 | |
Other financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 20,270,091 | 25,037,296 | |
Off-balance sheet items | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 208,891,135 | 187,310,296 | |
Commitments | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [4] | 188,168,340 | 170,218,143 |
Acceptances And Guarantees Contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 12,425,753 | 10,199,689 | |
Financial guarantee contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [5] | 8,297,042 | 6,892,464 |
On demand | Financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 199,992,863 | 228,951,596 | |
On demand | Financial liabilities at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 2,193,210 | 2,939,584 |
On demand | Financial liabilities designated at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 10,078,394 | 9,149,396 |
On demand | Derivatives held for trading | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 9,209,537 | 3,509,789 |
On demand | Derivatives held for hedging | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 0 | 0 |
On demand | Deposits | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 170,489,726 | 204,616,202 |
On demand | Borrowings Related To Liquidity Risk | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 7,831,474 | 8,504,084 | |
On demand | Debentures | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 11,117 | 14,528 | |
On demand | Lease liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 164 | 139 | |
On demand | Other financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 179,241 | 217,874 | |
On demand | Off-balance sheet items | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 208,891,135 | 187,310,296 | |
On demand | Commitments | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [4] | 188,168,340 | 170,218,143 |
On demand | Acceptances And Guarantees Contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 12,425,753 | 10,199,689 | |
On demand | Financial guarantee contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [5] | 8,297,042 | 6,892,464 |
Up to 1 month | Financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 75,722,810 | 60,790,876 | |
Up to 1 month | Financial liabilities at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
Up to 1 month | Financial liabilities designated at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
Up to 1 month | Derivatives held for trading | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
Up to 1 month | Derivatives held for hedging | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 11,106 | 11,355 |
Up to 1 month | Deposits | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 29,911,835 | 16,556,213 |
Up to 1 month | Borrowings Related To Liquidity Risk | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 23,821,330 | 17,807,785 | |
Up to 1 month | Debentures | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 4,011,679 | 3,438,621 | |
Up to 1 month | Lease liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 28,079 | 23,387 | |
Up to 1 month | Other financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 17,938,781 | 22,953,515 | |
Up to 1 month | Off-balance sheet items | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
Up to 1 month | Commitments | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [4] | 0 | 0 |
Up to 1 month | Acceptances And Guarantees Contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
Up to 1 month | Financial guarantee contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [5] | 0 | 0 |
1-3 montshs | Financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 61,698,415 | 42,524,313 | |
1-3 montshs | Financial liabilities at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
1-3 montshs | Financial liabilities designated at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
1-3 montshs | Derivatives held for trading | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
1-3 montshs | Derivatives held for hedging | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 8,886 | 9,993 |
1-3 montshs | Deposits | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 45,245,496 | 31,123,968 |
1-3 montshs | Borrowings Related To Liquidity Risk | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 7,676,952 | 5,825,350 | |
1-3 montshs | Debentures | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 8,353,663 | 5,318,699 | |
1-3 montshs | Lease liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 45,200 | 42,406 | |
1-3 montshs | Other financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 368,218 | 203,897 | |
1-3 montshs | Off-balance sheet items | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
1-3 montshs | Commitments | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [4] | 0 | 0 |
1-3 montshs | Acceptances And Guarantees Contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
1-3 montshs | Financial guarantee contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [5] | 0 | 0 |
3-12 months | Financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 172,540,066 | 146,041,876 | |
3-12 months | Financial liabilities at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
3-12 months | Financial liabilities designated at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
3-12 months | Derivatives held for trading | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
3-12 months | Derivatives held for hedging | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 39,174 | 31,135 |
3-12 months | Deposits | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 131,765,097 | 111,140,222 |
3-12 months | Borrowings Related To Liquidity Risk | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 19,120,861 | 13,861,238 | |
3-12 months | Debentures | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 20,995,587 | 20,496,869 | |
3-12 months | Lease liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 171,449 | 157,536 | |
3-12 months | Other financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 447,898 | 354,876 | |
3-12 months | Off-balance sheet items | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
3-12 months | Commitments | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [4] | 0 | 0 |
3-12 months | Acceptances And Guarantees Contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
3-12 months | Financial guarantee contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [5] | 0 | 0 |
1~5 years | Financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 65,540,274 | 56,700,841 | |
1~5 years | Financial liabilities at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
1~5 years | Financial liabilities designated at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
1~5 years | Derivatives held for trading | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
1~5 years | Derivatives held for hedging | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 221,551 | 31,640 |
1~5 years | Deposits | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 17,979,299 | 10,157,238 |
1~5 years | Borrowings Related To Liquidity Risk | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 12,839,302 | 10,380,171 | |
1~5 years | Debentures | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 33,216,320 | 34,863,044 | |
1~5 years | Lease liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 376,159 | 334,359 | |
1~5 years | Other financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 907,643 | 934,389 | |
1~5 years | Off-balance sheet items | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
1~5 years | Commitments | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [4] | 0 | 0 |
1~5 years | Acceptances And Guarantees Contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
1~5 years | Financial guarantee contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [5] | 0 | 0 |
Over 5 years | Financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 9,208,243 | 9,267,178 | |
Over 5 years | Financial liabilities at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
Over 5 years | Financial liabilities designated at fair value through profit or loss | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
Over 5 years | Derivatives held for trading | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [1] | 0 | 0 |
Over 5 years | Derivatives held for hedging | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [2] | 3,502 | 1,423 |
Over 5 years | Deposits | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | [3] | 1,129,024 | 1,329,120 |
Over 5 years | Borrowings Related To Liquidity Risk | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 1,159,432 | 1,003,369 | |
Over 5 years | Debentures | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 6,485,136 | 6,509,966 | |
Over 5 years | Lease liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 2,839 | 50,555 | |
Over 5 years | Other financial liabilities | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Financial Liability Held For Managing Liquidity Risk | 428,310 | 372,745 | |
Over 5 years | Off-balance sheet items | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
Over 5 years | Commitments | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [4] | 0 | 0 |
Over 5 years | Acceptances And Guarantees Contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | 0 | 0 | |
Over 5 years | Financial guarantee contracts | |||
Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items] | |||
Off Balance Sheet Item Held For Managing Liquidity Risk | [5] | ₩ 0 | ₩ 0 |
[1]Financial liabilities measured or designated at fair value through profit or loss and derivatives held for trading are not managed by contractual maturity because they are expected to be traded or redeemed before maturity. Therefore, the carrying amounts of those financial instruments are included in the ‘On demand’ category.[2]Cash flows of derivatives held for hedging are shown at net amount of cash inflows and outflows by remaining contractual maturity.[3]Deposits that are contractually repayable on demand or on short notice are included in the ‘On demand’ category.[4]Commitments are included in the ‘On demand’ category because payments can be requested at any time.[5]Cash flows under financial guarantee contracts are classified based on the earliest period that the contract can be executed. |
Financial Risk Management - _15
Financial Risk Management - Summary of Cash Flows of Derivatives Held for Cash Flow Hedging (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Cash flow to be received (paid) of net-settled derivatives | ₩ 160,982 | ₩ 21,800 |
Cash flow to be received of gross-settled derivatives | 3,939,500 | 3,155,811 |
Cash flow to be paid of gross-settled derivatives | (3,328,714) | (2,519,247) |
Up to 1 month | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Cash flow to be received (paid) of net-settled derivatives | 1,534 | (102) |
Cash flow to be received of gross-settled derivatives | 10,932 | 126,429 |
Cash flow to be paid of gross-settled derivatives | (10,357) | (130,919) |
1-3 montshs | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Cash flow to be received (paid) of net-settled derivatives | 10,994 | (2,647) |
Cash flow to be received of gross-settled derivatives | 30,311 | 325,664 |
Cash flow to be paid of gross-settled derivatives | (54,794) | (329,546) |
3-12 months | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Cash flow to be received (paid) of net-settled derivatives | 25,749 | (252) |
Cash flow to be received of gross-settled derivatives | 1,003,755 | 619,100 |
Cash flow to be paid of gross-settled derivatives | (1,007,950) | (630,023) |
1~5 years | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Cash flow to be received (paid) of net-settled derivatives | 119,179 | 24,812 |
Cash flow to be received of gross-settled derivatives | 2,894,502 | 2,084,618 |
Cash flow to be paid of gross-settled derivatives | (2,255,613) | (1,428,759) |
Over 5 years | ||
Disclosure of maturity analysis for derivative financial liabilities [line items] | ||
Cash flow to be received (paid) of net-settled derivatives | 3,526 | (11) |
Cash flow to be received of gross-settled derivatives | 0 | 0 |
Cash flow to be paid of gross-settled derivatives | ₩ 0 | ₩ 0 |
Financial Risk Management - Det
Financial Risk Management - Details of Financial Instruments that Have Not Been Converted to Alternative Interest Rate Benchmark (Details) ₩ in Millions | Dec. 31, 2022 KRW (₩) | [1] |
Financial assets at fair value through profit or loss [Member] | ||
Details of financial instruments that have not been converted to alternative interest rate benchmark [Line Items] | ||
Exposure amount about USD LIBOR | ₩ 0 | |
Financial liabilities designated at fair value through profit or loss [Member] | ||
Details of financial instruments that have not been converted to alternative interest rate benchmark [Line Items] | ||
Exposure amount about USD LIBOR | 0 | |
Financial Investments [Member] | ||
Details of financial instruments that have not been converted to alternative interest rate benchmark [Line Items] | ||
Exposure amount about USD LIBOR | 22,800 | |
Loans [Member] | ||
Details of financial instruments that have not been converted to alternative interest rate benchmark [Line Items] | ||
Exposure amount about USD LIBOR | 1,954,327 | |
Borrowings and debentures [Member] | ||
Details of financial instruments that have not been converted to alternative interest rate benchmark [Line Items] | ||
Exposure amount about USD LIBOR | 531,334 | |
Derivative financial instruments [Member] | ||
Details of financial instruments that have not been converted to alternative interest rate benchmark [Line Items] | ||
Exposure amount about USD LIBOR | ₩ 290,423 | |
[1]Financial instruments to be expired before transition to alternative interest rate benchmark are excluded. |
Financial Risk Management - _16
Financial Risk Management - Summary of Value at Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Kookmin Bank | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | ₩ 49,701 | ₩ 40,915 |
Kookmin Bank | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 22,144 | 15,986 |
Kookmin Bank | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 99,436 | 115,347 |
Kookmin Bank | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 92,549 | 30,530 |
Kookmin Bank | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 34,923 | 20,051 |
Kookmin Bank | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 16,541 | 6,372 |
Kookmin Bank | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 64,356 | 55,670 |
Kookmin Bank | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 47,093 | 16,534 |
Kookmin Bank | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 8,606 | 9,067 |
Kookmin Bank | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 5,142 | 4,537 |
Kookmin Bank | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 11,061 | 24,824 |
Kookmin Bank | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 9,407 | 5,513 |
Kookmin Bank | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 24,054 | 27,886 |
Kookmin Bank | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 14,428 | 17,820 |
Kookmin Bank | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 41,815 | 49,264 |
Kookmin Bank | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 41,189 | 21,522 |
Kookmin Bank | Deduction of diversification effect | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | (5,140) | (13,039) |
KB Securities Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 1,065,569 | 988,165 |
KB Securities Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 920,507 | 871,330 |
KB Securities Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 1,206,011 | 1,143,838 |
KB Securities Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 961,121 | 1,122,782 |
KB Securities Co., Ltd. | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 828,772 | 724,482 |
KB Securities Co., Ltd. | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 755,379 | 657,094 |
KB Securities Co., Ltd. | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 873,861 | 821,864 |
KB Securities Co., Ltd. | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 755,379 | 821,864 |
KB Securities Co., Ltd. | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 212,679 | 249,320 |
KB Securities Co., Ltd. | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 150,149 | 207,425 |
KB Securities Co., Ltd. | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 297,812 | 299,221 |
KB Securities Co., Ltd. | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 171,592 | 278,356 |
KB Securities Co., Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 24,002 | 14,275 |
KB Securities Co., Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 14,938 | 6,808 |
KB Securities Co., Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 34,109 | 22,543 |
KB Securities Co., Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 34,109 | 22,543 |
KB Securities Co., Ltd. | Commodity risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 116 | 88 |
KB Securities Co., Ltd. | Commodity risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 41 | 3 |
KB Securities Co., Ltd. | Commodity risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 229 | 210 |
KB Securities Co., Ltd. | Commodity risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 41 | 19 |
KB Insurance Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 33,141 | 40,005 |
KB Insurance Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 17,927 | 31,889 |
KB Insurance Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 46,151 | 47,406 |
KB Insurance Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 17,927 | 46,759 |
KB Insurance Co., Ltd. | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 4,728 | 5,445 |
KB Insurance Co., Ltd. | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 3,159 | 3,854 |
KB Insurance Co., Ltd. | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 6,450 | 6,553 |
KB Insurance Co., Ltd. | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 3,159 | 5,906 |
KB Insurance Co., Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 28,413 | 34,560 |
KB Insurance Co., Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 14,768 | 28,035 |
KB Insurance Co., Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 39,701 | 40,853 |
KB Insurance Co., Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 14,768 | 40,853 |
KB Life Insurance Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 4,900 | 6,311 |
KB Life Insurance Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 993 | 2,797 |
KB Life Insurance Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 8,275 | 9,583 |
KB Life Insurance Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 993 | 7,450 |
KB Life Insurance Co., Ltd. | Interest rate risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 545 | 2,095 |
KB Life Insurance Co., Ltd. | Interest rate risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 0 | 1,072 |
KB Life Insurance Co., Ltd. | Interest rate risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 1,476 | 2,932 |
KB Life Insurance Co., Ltd. | Interest rate risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 0 | 1,072 |
KB Life Insurance Co., Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 4,355 | 4,216 |
KB Life Insurance Co., Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 993 | 1,725 |
KB Life Insurance Co., Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 6,799 | 6,651 |
KB Life Insurance Co., Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 993 | 6,378 |
KB Investment Co., Ltd. | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 31,399 | 18,820 |
KB Investment Co., Ltd. | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 26,885 | 14,787 |
KB Investment Co., Ltd. | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 35,069 | 28,970 |
KB Investment Co., Ltd. | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 30,165 | 28,819 |
KB Investment Co., Ltd. | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 9,406 | 5,114 |
KB Investment Co., Ltd. | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 8,002 | 3,518 |
KB Investment Co., Ltd. | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 10,685 | 10,518 |
KB Investment Co., Ltd. | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 8,438 | 10,518 |
KB Investment Co., Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 21,993 | 13,706 |
KB Investment Co., Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 18,883 | 11,269 |
KB Investment Co., Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 24,384 | 18,452 |
KB Investment Co., Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 21,727 | 18,301 |
KB Kookmin Card Co., Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 18,430 | 13,029 |
KB Kookmin Card Co., Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 16,483 | 7,744 |
KB Kookmin Card Co., Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 21,890 | 16,094 |
KB Kookmin Card Co., Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 21,341 | 15,637 |
Prudential Life Insurance Company of Korea Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 4,253 | 4,676 |
Prudential Life Insurance Company of Korea Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 853 | 1,337 |
Prudential Life Insurance Company of Korea Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 8,931 | 7,211 |
Prudential Life Insurance Company of Korea Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 8,931 | 6,963 |
KB Capital Co.,Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 1,905 | 1,121 |
KB Capital Co.,Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 1,298 | 867 |
KB Capital Co.,Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 2,128 | 1,280 |
KB Capital Co.,Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 2,045 | 1,280 |
KB Asset Management Co., Ltd. | Currency risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 2,426 | 2,151 |
KB Asset Management Co., Ltd. | Currency risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 1,607 | 1,053 |
KB Asset Management Co., Ltd. | Currency risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 2,823 | 3,085 |
KB Asset Management Co., Ltd. | Currency risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 2,455 | 2,405 |
KB Data System Co Ltd | Stock price risk | Average | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 198 | 177 |
KB Data System Co Ltd | Stock price risk | Minimum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 155 | 0 |
KB Data System Co Ltd | Stock price risk | Maximum | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | 228 | 231 |
KB Data System Co Ltd | Stock price risk | Ending | ||
Value At Risk Line Items [Line Items] | ||
Value at risk | ₩ 155 | ₩ 231 |
Financial Risk Management - _17
Financial Risk Management - Summary of Required Equity Capital not Measured by Value at Risk (Details) - Kookmin Bank - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | ₩ 93,988 | ₩ 71,611 |
Interest rate risk | ||
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | 18,545 | 25,432 |
Stock price risk | ||
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | 4,686 | 6 |
Currency risk | ||
Required Equity Capital Not Measured By VaR Line Items [Line Items] | ||
Required Equity Capital Not Measured By VaR | ₩ 70,757 | ₩ 46,173 |
Financial Risk Management - _18
Financial Risk Management - Summary of Changes in Equity and Earnings from Interest Rate Risk (Details) - Kookmin Bank - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Scenario 1 (Parallel Rise) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | ₩ 165,634 | ₩ 936,965 |
Changes in Net Interest Income | 162,959 | 564,771 |
Scenario 2 (Parallel Decline) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | 290,330 | 0 |
Changes in Net Interest Income | 0 | 0 |
Scenario 3 (Short-Term Decline, Long-Term Rise) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | 266,737 | 273,951 |
Scenario 4 (Short-Term Rise, Long-Term Decline) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | 268,261 | 311,497 |
Scenario 5 (Short-Term Rise) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | 288,737 | 568,246 |
Scenario 6 (Short-Term Decline) | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | 132,998 | 345,987 |
Maximum of 6 scenarios | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | 290,330 | 936,965 |
Changes in Net Interest Income | 162,959 | 564,771 |
Basic Capital | ||
Change In Equity And Earnings From Interest Rate Risk [Line Items] | ||
Changes in Economic Value of Equity Capital | ₩ 31,176,032 | ₩ 30,491,173 |
Financial Risk Management - _19
Financial Risk Management - Summary of Interest Rate Value at Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
KB Securities Co., Ltd. | ||
Interest Rate Value At Risk [Line Items] | ||
Maximum the economic value of equity from interest risk shock | ₩ 37,498 | ₩ 173,199 |
Maximum net interest income from interest risk shock | 242,200 | 272,676 |
KB Insurance Co., Ltd. | ||
Interest Rate Value At Risk [Line Items] | ||
Maximum the economic value of equity from interest risk shock | 182,310 | 939,720 |
Maximum net interest income from interest risk shock | 44,405 | 37,119 |
KB Kookmin Card Co., Ltd. | ||
Interest Rate Value At Risk [Line Items] | ||
Maximum the economic value of equity from interest risk shock | 96,282 | 93,232 |
Maximum net interest income from interest risk shock | 244,602 | 225,581 |
Prudential Life Insurance Company of Korea Ltd. | ||
Interest Rate Value At Risk [Line Items] | ||
Maximum the economic value of equity from interest risk shock | 354,982 | 611,930 |
Maximum net interest income from interest risk shock | 24,609 | 24,135 |
KB Life Insurance Co., Ltd. | ||
Interest Rate Value At Risk [Line Items] | ||
Maximum the economic value of equity from interest risk shock | 73,277 | 143,393 |
Maximum net interest income from interest risk shock | 35,645 | 33,942 |
KB Capital Co.,Ltd. | ||
Interest Rate Value At Risk [Line Items] | ||
Maximum the economic value of equity from interest risk shock | 126,535 | 105,728 |
Maximum net interest income from interest risk shock | 50,800 | 41,112 |
KB Savings Bank Co., Ltd. | ||
Interest Rate Value At Risk [Line Items] | ||
Maximum the economic value of equity from interest risk shock | 5,320 | 20,077 |
Maximum net interest income from interest risk shock | ₩ 14,976 | ₩ 786 |
Financial Risk Management - _20
Financial Risk Management - Summary of Financial Instruments Foreign Currencies (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | ₩ 81,808,520 | ₩ 69,523,176 |
Cash and due from financial institutions | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 10,320,679 | 10,212,151 |
Financial assets at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 7,100,277 | 8,032,103 |
Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 833,886 | 295,209 |
Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 274,044 | 108,632 |
Loans measured at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 45,790,080 | 37,508,968 |
Financial assets at fair value through other comprehensive income | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 6,869,610 | 7,679,145 |
Financial assets at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 7,578,596 | 3,327,474 |
Other financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 3,041,348 | 2,359,494 |
Financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 78,289,693 | 63,635,498 |
Financial liabilities at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,143,413 | 1,496,712 |
Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,272,689 | 599,543 |
Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 130,784 | 42,470 |
Deposits | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 36,365,427 | 31,548,645 |
Borrowings Translated Into Korean Won | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 23,903,227 | 19,112,108 |
Debentures | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 10,824,764 | 8,515,662 |
Other financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 4,649,389 | 2,320,358 |
Off-balance sheet items | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 25,118,435 | 20,509,664 |
USD | Financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 59,363,110 | 51,911,017 |
USD | Cash and due from financial institutions | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 6,334,501 | 6,995,653 |
USD | Financial assets at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 6,098,956 | 7,217,843 |
USD | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 636,456 | 222,759 |
USD | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 251,522 | 104,091 |
USD | Loans measured at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 32,995,825 | 26,605,737 |
USD | Financial assets at fair value through other comprehensive income | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 5,326,003 | 6,604,010 |
USD | Financial assets at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 5,841,305 | 2,267,233 |
USD | Other financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,878,542 | 1,893,691 |
USD | Financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 58,961,287 | 47,037,860 |
USD | Financial liabilities at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,143,413 | 1,496,712 |
USD | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 893,781 | 376,230 |
USD | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 130,784 | 42,470 |
USD | Deposits | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 25,706,364 | 21,324,104 |
USD | Borrowings Translated Into Korean Won | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 19,700,039 | 15,597,440 |
USD | Debentures | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 7,771,068 | 6,366,475 |
USD | Other financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 3,615,838 | 1,834,429 |
USD | Off-balance sheet items | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 23,777,728 | 19,149,581 |
JPY | Financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,440,860 | 1,072,833 |
JPY | Cash and due from financial institutions | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 461,826 | 420,964 |
JPY | Financial assets at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 2,443 | 12,047 |
JPY | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 159 | 221 |
JPY | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
JPY | Loans measured at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 683,705 | 597,413 |
JPY | Financial assets at fair value through other comprehensive income | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 5,152 |
JPY | Financial assets at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
JPY | Other financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 292,727 | 37,036 |
JPY | Financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 2,073,560 | 1,385,330 |
JPY | Financial liabilities at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
JPY | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 9,016 | 6,099 |
JPY | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
JPY | Deposits | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,339,119 | 900,044 |
JPY | Borrowings Translated Into Korean Won | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 458,856 | 456,029 |
JPY | Debentures | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
JPY | Other financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 266,569 | 23,158 |
JPY | Off-balance sheet items | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 0 | 353 |
EUR | Financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 4,575,196 | 3,341,012 |
EUR | Cash and due from financial institutions | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 456,888 | 482,144 |
EUR | Financial assets at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 601,726 | 514,047 |
EUR | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 10,412 | 44,384 |
EUR | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
EUR | Loans measured at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 2,813,855 | 1,777,967 |
EUR | Financial assets at fair value through other comprehensive income | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 9,091 | 121,573 |
EUR | Financial assets at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 322,755 | 300,856 |
EUR | Other financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 360,469 | 100,041 |
EUR | Financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 4,189,274 | 3,800,160 |
EUR | Financial liabilities at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
EUR | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 81,119 | 61,941 |
EUR | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
EUR | Deposits | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 1,429,567 | 1,873,026 |
EUR | Borrowings Translated Into Korean Won | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 446,968 | 386,023 |
EUR | Debentures | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 2,041,517 | 1,338,391 |
EUR | Other financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 190,103 | 140,779 |
EUR | Off-balance sheet items | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 243,431 | 262,116 |
GBP | Financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 981,469 | 356,475 |
GBP | Cash and due from financial institutions | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 97,502 | 96,951 |
GBP | Financial assets at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 59,263 | 11,024 |
GBP | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 10 | 534 |
GBP | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
GBP | Loans measured at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 755,912 | 234,612 |
GBP | Financial assets at fair value through other comprehensive income | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 5,677 | 6,272 |
GBP | Financial assets at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 37,816 | 0 |
GBP | Other financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 25,289 | 7,082 |
GBP | Financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 964,741 | 638,916 |
GBP | Financial liabilities at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
GBP | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 17,072 | 19,833 |
GBP | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
GBP | Deposits | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 344,824 | 106,456 |
GBP | Borrowings Translated Into Korean Won | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 588,324 | 496,084 |
GBP | Debentures | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
GBP | Other financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 14,521 | 16,543 |
GBP | Off-balance sheet items | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 102,232 | 2,991 |
CNY | Financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 3,348,048 | 3,020,926 |
CNY | Cash and due from financial institutions | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 645,271 | 570,186 |
CNY | Financial assets at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 7,110 | 16,113 |
CNY | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 19,053 | 5,549 |
CNY | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 0 | 0 |
CNY | Loans measured at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,944,500 | 1,774,589 |
CNY | Financial assets at fair value through other comprehensive income | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 556,052 | 536,747 |
CNY | Financial assets at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 60,013 | 48,435 |
CNY | Other financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 116,049 | 69,307 |
CNY | Financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 2,743,703 | 2,157,614 |
CNY | Financial liabilities at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
CNY | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 6,868 | 18,223 |
CNY | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
CNY | Deposits | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 2,307,068 | 1,943,015 |
CNY | Borrowings Translated Into Korean Won | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 266,727 | 0 |
CNY | Debentures | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 36,288 | 102,443 |
CNY | Other financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 126,752 | 93,933 |
CNY | Off-balance sheet items | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | 220,890 | 250,239 |
Others | Financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 12,099,837 | 9,820,913 |
Others | Cash and due from financial institutions | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 2,324,691 | 1,646,253 |
Others | Financial assets at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 330,779 | 261,029 |
Others | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 167,796 | 21,762 |
Others | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 22,522 | 4,541 |
Others | Loans measured at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 6,596,283 | 6,518,650 |
Others | Financial assets at fair value through other comprehensive income | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 972,787 | 405,391 |
Others | Financial assets at amortized cost | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 1,316,707 | 710,950 |
Others | Other financial assets | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Asset Reporting Currency Denominated Value | 368,272 | 252,337 |
Others | Financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 9,357,128 | 8,615,618 |
Others | Financial liabilities at fair value through profit or loss | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
Others | Derivatives held for trading | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 264,833 | 117,217 |
Others | Derivatives held for hedging | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 0 | 0 |
Others | Deposits | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 5,238,485 | 5,402,000 |
Others | Borrowings Translated Into Korean Won | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 2,442,313 | 2,176,532 |
Others | Debentures | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 975,891 | 708,353 |
Others | Other financial liabilities | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Liability Reporting Currency Denominated Value | 435,606 | 211,516 |
Others | Off-balance sheet items | ||
Schedule Of Differences Between Reported Amount And Reporting Currency Denominated Amount [Line Items] | ||
Off Balance Sheet Item In Foreign Currencies | ₩ 774,154 | ₩ 844,384 |
Financial Risk Management - _21
Financial Risk Management - Summary of Objectives Policies and Processes for Managing Capital (Details) ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) |
Disclosure of objectives, policies and processes for managing capital [abstract] | ||
Minimum Common Equity Tier One Ratio | 8% | |
Minimum Tier One Ratio | 9.50% | |
Minimum Total Regulatory Capital Ratio | 11.50% | |
Equity Capital: | ₩ 48,969,952 | ₩ 45,882,765 |
Tier 1 Capital | 45,032,020 | 42,305,442 |
Common Equity Tier 1 Capital | 40,103,660 | 39,144,259 |
Additional Tier 1 Capital | 4,928,360 | 3,161,183 |
Tier 2 Capital | 3,937,932 | 3,577,323 |
Risk-Weighted Assets: | ₩ 302,967,993 | ₩ 290,913,570 |
Equity Capital (%): | 0.1616 | 0.1577 |
Tier 1 Capital (%) | 0.1486 | 0.1454 |
Common Equity Tier 1 Capital (%) | 0.1324 | 0.1346 |
Financial Risk Management -Disc
Financial Risk Management -Disclosure of Classification of time buckets of cash flows (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Not Later than One Day | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 1D (0.0028Y) |
Greater Than 1 Day And Not Less Than One Month [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 1D< tcf ≤1M(0.0417Y) |
Greater Than One month And Not Less Than Three Month [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 1M< tcf ≤3M(0.1667Y) |
Greater Than Three month And Not Less Than Six Month [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 3M< tcf ≤6M(0.375Y) |
Greater Than Six month And Not Less Than Nine Month [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 6M< tcf ≤9M(0.625Y) |
Greater Than Nine months And Not Less Than One Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 9M< tcf ≤1Y(0.875Y) |
Greater Than One Year And Not Less Than One point Five Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 1Y< tcf ≤1.5Y(1.25Y) |
Greater ThanOne point Five Year And Not Less Than Two Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Short-term rates | 1.5Y< tcf ≤2Y(1.75Y) |
Greater Than Two Year And Not Less Than Three [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Medium-term rates | 2Y< tcf ≤3Y(2.5Y) |
Greater Than Three Year And Not Less Than Four Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Medium-term rates | 3Y< tcf ≤4Y(3.5Y) |
Greater Than Four Year And Not Less Than Five Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Medium-term rates | 4Y< tcf ≤5Y(4.5Y) |
Greater Than Five Year And Not Less Than six Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Medium-term rates | 5Y< tcf ≤6Y(5.5Y) |
Greater Than six Year And Not Less Than seven Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Medium-term rates | 6Y< tcf ≤7Y(6.5Y) |
Greater Than seven Year And Not Less Than Eight Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Long-term rates | 7Y< tcf ≤8Y(7.5Y) |
Greater Than Eight Year And Not Less Than Nine Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Long-term rates | 8Y< tcf ≤9Y(8.5Y) |
Greater Than Nine Year And Not Less Than Ten Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Long-term rates | 9Y< tcf ≤10Y(9.5Y) |
Greater Than Ten Year And Not Less Than Ffteen Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Long-term rates | 10Y< tcf ≤15Y(12.5Y) |
Greater Than Fiteen Year And Not Less Than Twenty Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Long-term rates | 15Y< tcf ≤20Y (17.5Y) |
GreaterThan Twenty Year [Member] | |
Disclosure of Classification of time buckets of cash flows [Line Items] | |
Long-term rates | tcf >20Y (25Y) |
Financial Risk Management - Dis
Financial Risk Management - Disclosure of core deposit and average maturity by category for non-maturity deposits (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Retail transactional [Member] | |
Disclosure of core deposit and average maturity by category for non maturity deposits [Line Items] | |
Cap on average maturity of core deposits (years) | 5 years |
Cap on proportion of core deposits (%) | 90% |
Retail nontransactional [Member] | |
Disclosure of core deposit and average maturity by category for non maturity deposits [Line Items] | |
Cap on average maturity of core deposits (years) | 4 years 6 months |
Cap on proportion of core deposits (%) | 70% |
Wholesale [Member] | |
Disclosure of core deposit and average maturity by category for non maturity deposits [Line Items] | |
Cap on average maturity of core deposits (years) | 4 years |
Cap on proportion of core deposits (%) | 50% |
Segment Information - Summary o
Segment Information - Summary of Operating Segments (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | Dec. 31, 2022 USD ($) | ||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | ₩ 15,012,645 | ₩ 14,483,603 | ₩ 12,492,642 | |||||
Intersegment net operating revenues (expenses) | 0 | 0 | ||||||
Sub-total | 15,012,645 | 14,483,603 | ||||||
Net interest income | 13,112,934 | $ 10,405,604 | 11,229,572 | 9,722,274 | ||||
Interest income | 20,788,518 | 16,496,467 | 15,210,878 | 14,485,747 | ||||
Interest expense | (7,675,584) | (6,090,863) | (3,981,306) | (4,763,473) | ||||
Net fee and commission income (expense) | 3,321,632 | 2,635,839 | 3,625,583 | 2,958,939 | ||||
Fee and commission income | 5,121,520 | 4,064,118 | 5,323,606 | 4,527,024 | ||||
Fee and commission expense | (1,799,888) | (1,428,278) | (1,698,023) | (1,568,085) | ||||
Net insurance income (expenses) | 696,513 | 552,709 | 556,711 | 299,993 | ||||
Insurance income | 17,136,842 | 13,598,726 | 16,107,858 | 14,386,640 | ||||
Insurance expense | (16,440,329) | (13,046,016) | (15,551,147) | (14,086,647) | ||||
Net gains on financial instruments at fair value through profit or loss | 247,357 | 196,287 | 995,304 | 1,011,366 | ||||
Net other operating income (expenses) | (2,365,791) | (1,877,344) | (1,923,567) | (1,499,930) | ||||
General and administrative expenses | (7,537,802) | (5,981,528) | (7,200,853) | (6,814,812) | ||||
Operating income before provision for credit losses | 7,474,843 | 5,931,568 | 7,282,750 | 5,677,830 | ||||
Reversal (provision) of credit losses | (1,835,988) | (1,456,925) | (1,185,133) | (1,043,498) | ||||
Net operating income | 5,638,855 | 4,474,643 | 6,097,617 | 4,634,332 | ||||
Share of profit (loss) of associates and joint ventures | (28,758) | (22,821) | 93,526 | (43,750) | ||||
Net other non-operating income (expenses) | 185,529 | (109,537) | ||||||
Segment profit before income tax expense | 5,795,626 | 4,599,046 | 6,081,606 | 4,779,972 | ||||
Income tax expense | (1,622,387) | (1,287,425) | (1,697,225) | (1,264,394) | ||||
Profit for the year | 4,173,239 | 3,311,621 | 4,384,381 | 3,515,578 | ||||
Profit attributable to shareholders of the Parent Company | 4,394,830 | 3,487,462 | 4,409,543 | 3,468,448 | ||||
Profit (loss), attributable to non-controlling interests | (221,591) | $ (175,841) | (25,162) | 47,130 | ||||
Total assets | 701,170,848 | [1] | 663,895,834 | [1] | $ 556,405,314 | |||
Total liabilities | 651,527,934 | [1] | 615,601,914 | [1] | $ 517,011,803 | |||
Banking business | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 9,266,168 | 8,132,794 | 7,550,348 | |||||
Intersegment net operating revenues (expenses) | 387,942 | 306,658 | ||||||
Sub-total | 9,654,110 | 8,439,452 | ||||||
Net interest income | 9,291,021 | 7,728,476 | ||||||
Interest income | 15,358,701 | 10,674,361 | ||||||
Interest expense | (6,067,680) | (2,945,885) | ||||||
Net fee and commission income (expense) | 1,096,608 | 1,187,881 | ||||||
Fee and commission income | 1,530,158 | 1,586,944 | ||||||
Fee and commission expense | (433,550) | (399,063) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains on financial instruments at fair value through profit or loss | 210,581 | 342,834 | ||||||
Net other operating income (expenses) | (944,100) | (819,739) | ||||||
General and administrative expenses | (4,697,951) | (4,402,731) | ||||||
Operating income before provision for credit losses | 4,956,159 | 4,036,721 | ||||||
Reversal (provision) of credit losses | (1,121,170) | (522,728) | ||||||
Net operating income | 3,834,989 | 3,513,993 | ||||||
Share of profit (loss) of associates and joint ventures | 12,666 | 57,156 | ||||||
Net other non-operating income (expenses) | (37,865) | (79,605) | ||||||
Segment profit before income tax expense | 3,809,790 | 3,491,544 | ||||||
Income tax expense | (1,081,483) | (953,515) | ||||||
Profit for the year | 2,728,307 | 2,538,029 | ||||||
Profit attributable to shareholders of the Parent Company | 2,996,015 | 2,590,764 | ||||||
Profit (loss), attributable to non-controlling interests | (267,708) | (52,735) | ||||||
Total assets | [1] | 517,769,512 | 483,564,898 | |||||
Total liabilities | [1] | 484,046,253 | 450,675,985 | |||||
Corporate Banking | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 4,981,702 | 3,589,404 | ||||||
Intersegment net operating revenues (expenses) | 16,366 | 34,771 | ||||||
Sub-total | 4,998,068 | 3,624,175 | ||||||
Net interest income | 4,720,718 | 3,802,477 | ||||||
Interest income | 7,831,383 | 5,317,800 | ||||||
Interest expense | (3,110,665) | (1,515,323) | ||||||
Net fee and commission income (expense) | 385,884 | 390,619 | ||||||
Fee and commission income | 546,634 | 534,749 | ||||||
Fee and commission expense | (160,750) | (144,130) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains on financial instruments at fair value through profit or loss | 73,680 | 29,407 | ||||||
Net other operating income (expenses) | (182,214) | (598,328) | ||||||
General and administrative expenses | (1,972,147) | (1,831,948) | ||||||
Operating income before provision for credit losses | 3,025,921 | 1,792,227 | ||||||
Reversal (provision) of credit losses | (778,260) | (392,956) | ||||||
Net operating income | 2,247,661 | 1,399,271 | ||||||
Share of profit (loss) of associates and joint ventures | 0 | 0 | ||||||
Net other non-operating income (expenses) | (13,317) | (9,237) | ||||||
Segment profit before income tax expense | 2,234,344 | 1,390,034 | ||||||
Income tax expense | (732,211) | (368,577) | ||||||
Profit for the year | 1,502,133 | 1,021,457 | ||||||
Profit attributable to shareholders of the Parent Company | 1,505,240 | 1,022,699 | ||||||
Profit (loss), attributable to non-controlling interests | (3,107) | (1,242) | ||||||
Total assets | [1] | 211,989,036 | 189,310,448 | |||||
Total liabilities | [1] | 205,382,625 | 197,834,530 | |||||
Retail Banking | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 4,472,888 | 2,958,198 | ||||||
Intersegment net operating revenues (expenses) | 0 | 0 | ||||||
Sub-total | 4,472,888 | 2,958,198 | ||||||
Net interest income | 3,936,872 | 3,541,539 | ||||||
Interest income | 5,763,852 | 4,437,930 | ||||||
Interest expense | (1,826,980) | (896,391) | ||||||
Net fee and commission income (expense) | 261,350 | 392,060 | ||||||
Fee and commission income | 415,858 | 535,530 | ||||||
Fee and commission expense | (154,508) | (143,470) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains on financial instruments at fair value through profit or loss | 0 | 0 | ||||||
Net other operating income (expenses) | 274,666 | (975,401) | ||||||
General and administrative expenses | (2,092,770) | (2,036,855) | ||||||
Operating income before provision for credit losses | 2,380,118 | 921,343 | ||||||
Reversal (provision) of credit losses | (281,868) | (125,876) | ||||||
Net operating income | 2,098,250 | 795,467 | ||||||
Share of profit (loss) of associates and joint ventures | 0 | 0 | ||||||
Net other non-operating income (expenses) | 0 | 0 | ||||||
Segment profit before income tax expense | 2,098,250 | 795,467 | ||||||
Income tax expense | (522,478) | (218,753) | ||||||
Profit for the year | 1,575,772 | 576,714 | ||||||
Profit attributable to shareholders of the Parent Company | 1,575,772 | 576,714 | ||||||
Profit (loss), attributable to non-controlling interests | 0 | 0 | ||||||
Total assets | [1] | 165,273,848 | 169,513,344 | |||||
Total liabilities | [1] | 191,786,626 | 180,815,013 | |||||
Other Banking Services | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | (188,422) | 1,585,192 | ||||||
Intersegment net operating revenues (expenses) | 371,576 | 271,887 | ||||||
Sub-total | 183,154 | 1,857,079 | ||||||
Net interest income | 633,431 | 384,460 | ||||||
Interest income | 1,763,466 | 918,631 | ||||||
Interest expense | (1,130,035) | (534,171) | ||||||
Net fee and commission income (expense) | 449,374 | 405,202 | ||||||
Fee and commission income | 567,666 | 516,665 | ||||||
Fee and commission expense | (118,292) | (111,463) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains on financial instruments at fair value through profit or loss | 136,901 | 313,427 | ||||||
Net other operating income (expenses) | (1,036,552) | 753,990 | ||||||
General and administrative expenses | (633,034) | (533,928) | ||||||
Operating income before provision for credit losses | (449,880) | 1,323,151 | ||||||
Reversal (provision) of credit losses | (61,042) | (3,896) | ||||||
Net operating income | (510,922) | 1,319,255 | ||||||
Share of profit (loss) of associates and joint ventures | 12,666 | 57,156 | ||||||
Net other non-operating income (expenses) | (24,548) | (70,368) | ||||||
Segment profit before income tax expense | (522,804) | 1,306,043 | ||||||
Income tax expense | 173,206 | (366,185) | ||||||
Profit for the year | (349,598) | 939,858 | ||||||
Profit attributable to shareholders of the Parent Company | (84,997) | 991,351 | ||||||
Profit (loss), attributable to non-controlling interests | (264,601) | (51,493) | ||||||
Total assets | [1] | 140,506,628 | 124,741,106 | |||||
Total liabilities | [1] | 86,877,002 | 72,026,442 | |||||
Securities | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 1,126,925 | 1,675,977 | 1,448,409 | |||||
Intersegment net operating revenues (expenses) | (38,909) | 11,002 | ||||||
Sub-total | 1,088,016 | 1,686,979 | ||||||
Net interest income | 538,275 | 556,386 | ||||||
Interest income | 1,156,586 | 824,775 | ||||||
Interest expense | (618,311) | (268,389) | ||||||
Net fee and commission income (expense) | 784,748 | 1,014,801 | ||||||
Fee and commission income | 979,215 | 1,201,670 | ||||||
Fee and commission expense | (194,467) | (186,869) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains on financial instruments at fair value through profit or loss | (210,589) | 123,183 | ||||||
Net other operating income (expenses) | (24,418) | (7,391) | ||||||
General and administrative expenses | (822,409) | (855,142) | ||||||
Operating income before provision for credit losses | 265,607 | 831,837 | ||||||
Reversal (provision) of credit losses | (28,425) | (18,438) | ||||||
Net operating income | 237,182 | 813,399 | ||||||
Share of profit (loss) of associates and joint ventures | 3,039 | 14,484 | ||||||
Net other non-operating income (expenses) | 12,994 | (18,307) | ||||||
Segment profit before income tax expense | 253,215 | 809,576 | ||||||
Income tax expense | (64,300) | (215,424) | ||||||
Profit for the year | 188,915 | 594,152 | ||||||
Profit attributable to shareholders of the Parent Company | 187,784 | 594,301 | ||||||
Profit (loss), attributable to non-controlling interests | 1,131 | (149) | ||||||
Total assets | [1] | 53,824,245 | 55,493,984 | |||||
Total liabilities | [1] | 47,946,933 | 50,008,422 | |||||
Non-life Insurance | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 1,423,684 | 1,285,593 | 1,027,269 | |||||
Intersegment net operating revenues (expenses) | (29,335) | (53,017) | ||||||
Sub-total | 1,394,349 | 1,232,576 | ||||||
Net interest income | 693,193 | 625,228 | ||||||
Interest income | 717,558 | 634,816 | ||||||
Interest expense | (24,365) | (9,588) | ||||||
Net fee and commission income (expense) | (190,354) | (173,348) | ||||||
Fee and commission income | 17,889 | 10,418 | ||||||
Fee and commission expense | (208,243) | (183,766) | ||||||
Net insurance income (expenses) | 655,452 | 493,271 | ||||||
Insurance income | 13,424,848 | 12,722,178 | ||||||
Insurance expense | (12,769,396) | (12,228,907) | ||||||
Net gains on financial instruments at fair value through profit or loss | 339,698 | 369,864 | ||||||
Net other operating income (expenses) | (103,640) | (82,439) | ||||||
General and administrative expenses | (849,452) | (833,597) | ||||||
Operating income before provision for credit losses | 544,897 | 398,979 | ||||||
Reversal (provision) of credit losses | (6,066) | (5,476) | ||||||
Net operating income | 538,831 | 393,503 | ||||||
Share of profit (loss) of associates and joint ventures | 1,104 | (143) | ||||||
Net other non-operating income (expenses) | 190,263 | 17,446 | ||||||
Segment profit before income tax expense | 730,198 | 410,806 | ||||||
Income tax expense | (172,169) | (108,715) | ||||||
Profit for the year | 558,029 | 302,091 | ||||||
Profit attributable to shareholders of the Parent Company | 557,680 | 301,836 | ||||||
Profit (loss), attributable to non-controlling interests | 349 | 255 | ||||||
Total assets | [1] | 42,736,747 | 41,472,227 | |||||
Total liabilities | [1] | 39,397,168 | 37,328,955 | |||||
Credit Card | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 1,781,135 | 1,773,989 | 1,538,230 | |||||
Intersegment net operating revenues (expenses) | (150,464) | (158,545) | ||||||
Sub-total | 1,630,671 | 1,615,444 | ||||||
Net interest income | 1,474,209 | 1,390,753 | ||||||
Interest income | 1,983,828 | 1,768,215 | ||||||
Interest expense | (509,619) | (377,462) | ||||||
Net fee and commission income (expense) | 519,501 | 546,022 | ||||||
Fee and commission income | 1,617,446 | 1,644,806 | ||||||
Fee and commission expense | (1,097,945) | (1,098,784) | ||||||
Net insurance income (expenses) | 10,593 | 11,589 | ||||||
Insurance income | 19,702 | 21,711 | ||||||
Insurance expense | (9,109) | (10,122) | ||||||
Net gains on financial instruments at fair value through profit or loss | 1,724 | 3,431 | ||||||
Net other operating income (expenses) | (375,356) | (336,351) | ||||||
General and administrative expenses | (597,158) | (577,734) | ||||||
Operating income before provision for credit losses | 1,033,513 | 1,037,710 | ||||||
Reversal (provision) of credit losses | (500,453) | (465,342) | ||||||
Net operating income | 533,060 | 572,368 | ||||||
Share of profit (loss) of associates and joint ventures | 1,583 | 785 | ||||||
Net other non-operating income (expenses) | (7,197) | (7,378) | ||||||
Segment profit before income tax expense | 527,446 | 565,775 | ||||||
Income tax expense | (144,443) | (144,611) | ||||||
Profit for the year | 383,003 | 421,164 | ||||||
Profit attributable to shareholders of the Parent Company | 378,592 | 418,898 | ||||||
Profit (loss), attributable to non-controlling interests | 4,411 | 2,266 | ||||||
Total assets | [1] | 29,721,017 | 27,349,561 | |||||
Total liabilities | [1] | 24,998,214 | 22,793,919 | |||||
Life Insurance | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 501,983 | 631,065 | 237,416 | |||||
Intersegment net operating revenues (expenses) | (29,827) | (7,273) | ||||||
Sub-total | 472,156 | 623,792 | ||||||
Net interest income | 555,188 | 519,609 | ||||||
Interest income | 566,271 | 523,882 | ||||||
Interest expense | (11,083) | (4,273) | ||||||
Net fee and commission income (expense) | (39,059) | (26,895) | ||||||
Fee and commission income | 508 | 433 | ||||||
Fee and commission expense | (39,567) | (27,328) | ||||||
Net insurance income (expenses) | 39,160 | 56,871 | ||||||
Insurance income | 3,736,166 | 3,406,145 | ||||||
Insurance expense | (3,697,006) | (3,349,274) | ||||||
Net gains on financial instruments at fair value through profit or loss | 66,865 | 137,343 | ||||||
Net other operating income (expenses) | (149,998) | (63,136) | ||||||
General and administrative expenses | (224,968) | (203,198) | ||||||
Operating income before provision for credit losses | 247,188 | 420,594 | ||||||
Reversal (provision) of credit losses | 1,264 | 1,677 | ||||||
Net operating income | 248,452 | 422,271 | ||||||
Share of profit (loss) of associates and joint ventures | 0 | 0 | ||||||
Net other non-operating income (expenses) | (379) | (158) | ||||||
Segment profit before income tax expense | 248,073 | 422,113 | ||||||
Income tax expense | (61,810) | (132,510) | ||||||
Profit for the year | 186,263 | 289,603 | ||||||
Profit attributable to shareholders of the Parent Company | 186,263 | 289,603 | ||||||
Profit (loss), attributable to non-controlling interests | 0 | 0 | ||||||
Total assets | [1] | 34,846,987 | 36,921,678 | |||||
Total liabilities | [1] | 33,097,892 | 34,166,882 | |||||
Others | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 912,750 | 984,185 | ₩ 690,970 | |||||
Intersegment net operating revenues (expenses) | 205,463 | 98,215 | ||||||
Sub-total | 1,118,213 | 1,082,400 | ||||||
Net interest income | 559,468 | 411,874 | ||||||
Interest income | 1,064,529 | 816,515 | ||||||
Interest expense | (505,061) | (404,641) | ||||||
Net fee and commission income (expense) | 1,145,309 | 1,068,648 | ||||||
Fee and commission income | 1,301,765 | 1,187,661 | ||||||
Fee and commission expense | (156,456) | (119,013) | ||||||
Net insurance income (expenses) | 0 | 0 | ||||||
Insurance income | 0 | 0 | ||||||
Insurance expense | 0 | 0 | ||||||
Net gains on financial instruments at fair value through profit or loss | 21,844 | 184,467 | ||||||
Net other operating income (expenses) | (608,408) | (582,589) | ||||||
General and administrative expenses | (466,510) | (438,170) | ||||||
Operating income before provision for credit losses | 651,703 | 644,230 | ||||||
Reversal (provision) of credit losses | (178,172) | (175,568) | ||||||
Net operating income | 473,531 | 468,662 | ||||||
Share of profit (loss) of associates and joint ventures | (7,966) | 9,411 | ||||||
Net other non-operating income (expenses) | (4,717) | 2,408 | ||||||
Segment profit before income tax expense | 460,848 | 480,481 | ||||||
Income tax expense | (113,458) | (148,044) | ||||||
Profit for the year | 347,390 | 332,437 | ||||||
Profit attributable to shareholders of the Parent Company | 343,859 | 330,563 | ||||||
Profit (loss), attributable to non-controlling interests | 3,531 | 1,874 | ||||||
Total assets | [1] | 60,219,661 | 52,929,567 | |||||
Total liabilities | [1] | 25,973,896 | 23,191,051 | |||||
Consolidation adjustments | ||||||||
Disclosure of operating segments [line items] | ||||||||
Net operating revenues (expenses) from external customers | 0 | 0 | ||||||
Intersegment net operating revenues (expenses) | (344,870) | (197,040) | ||||||
Sub-total | (344,870) | (197,040) | ||||||
Net interest income | 1,580 | (2,754) | ||||||
Interest income | (58,955) | (31,686) | ||||||
Interest expense | 60,535 | 28,932 | ||||||
Net fee and commission income (expense) | 4,879 | 8,474 | ||||||
Fee and commission income | (325,461) | (308,326) | ||||||
Fee and commission expense | 330,340 | 316,800 | ||||||
Net insurance income (expenses) | (8,692) | (5,020) | ||||||
Insurance income | (43,874) | (42,176) | ||||||
Insurance expense | 35,182 | 37,156 | ||||||
Net gains on financial instruments at fair value through profit or loss | (182,766) | (165,818) | ||||||
Net other operating income (expenses) | (159,871) | (31,922) | ||||||
General and administrative expenses | 120,646 | 109,719 | ||||||
Operating income before provision for credit losses | (224,224) | (87,321) | ||||||
Reversal (provision) of credit losses | (2,966) | 742 | ||||||
Net operating income | (227,190) | (86,579) | ||||||
Share of profit (loss) of associates and joint ventures | (39,184) | 11,833 | ||||||
Net other non-operating income (expenses) | 32,430 | (23,943) | ||||||
Segment profit before income tax expense | (233,944) | (98,689) | ||||||
Income tax expense | 15,276 | 5,594 | ||||||
Profit for the year | (218,668) | (93,095) | ||||||
Profit attributable to shareholders of the Parent Company | (255,363) | (116,422) | ||||||
Profit (loss), attributable to non-controlling interests | 36,695 | 23,327 | ||||||
Total assets | [1] | (37,947,321) | (33,836,081) | |||||
Total liabilities | [1] | ₩ (3,932,422) | ₩ (2,563,300) | |||||
[1]Assets and liabilities of the reporting segments are amounts before intersegment transactions. |
Segment Information - Summary_2
Segment Information - Summary of Products and Services (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Revenes From External Customers For Each Service [line Items] | |||
Operating Revenues From External Customers | ₩ 15,012,645 | ₩ 14,483,603 | ₩ 12,492,642 |
Banking service | |||
Operating Revenes From External Customers For Each Service [line Items] | |||
Operating Revenues From External Customers | 9,266,168 | 8,132,794 | 7,550,348 |
Securities service | |||
Operating Revenes From External Customers For Each Service [line Items] | |||
Operating Revenues From External Customers | 1,126,925 | 1,675,977 | 1,448,409 |
Non-life insurance service | |||
Operating Revenes From External Customers For Each Service [line Items] | |||
Operating Revenues From External Customers | 1,423,684 | 1,285,593 | 1,027,269 |
Credit card service | |||
Operating Revenes From External Customers For Each Service [line Items] | |||
Operating Revenues From External Customers | 1,781,135 | 1,773,989 | 1,538,230 |
Life insurance service | |||
Operating Revenes From External Customers For Each Service [line Items] | |||
Operating Revenues From External Customers | 501,983 | 631,065 | 237,416 |
Others | |||
Operating Revenes From External Customers For Each Service [line Items] | |||
Operating Revenues From External Customers | ₩ 912,750 | ₩ 984,185 | ₩ 690,970 |
Segment Information - Summary_3
Segment Information - Summary of Geographical Areas (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | ₩ 15,012,645 | ₩ 14,483,603 | ₩ 12,492,642 |
Major non-current assets | 11,340,206 | 11,021,199 | |
Domestic | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 13,778,598 | 13,525,769 | 11,891,540 |
Major non-current assets | 9,699,637 | 9,853,970 | |
United States | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 112,743 | 112,388 | 114,044 |
Major non-current assets | 53,214 | 45,530 | |
New Zealand | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 12,378 | 12,857 | 3,554 |
Major non-current assets | 1,382 | 1,932 | |
China | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 172,547 | 127,939 | 84,821 |
Major non-current assets | 19,715 | 21,416 | |
Cambodia | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 546,258 | 410,482 | 250,426 |
Major non-current assets | 46,060 | 35,668 | |
United Kingdom | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 31,685 | 29,764 | 28,681 |
Major non-current assets | 5,808 | 86,361 | |
Others | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 123,558 | 97,721 | 75,184 |
Major non-current assets | 536,794 | 20,446 | |
Consolidation adjustments | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 0 | 0 | 0 |
Major non-current assets | 555,572 | 518,788 | |
Indonesia | |||
Disclosure of geographical areas [line items] | |||
Net operating revenues from external customers | 234,878 | 166,683 | ₩ 44,392 |
Major non-current assets | ₩ 422,024 | ₩ 437,088 |
Financial Assets and Financia_3
Financial Assets and Financial Liabilities - Summary of Fair Value Measurement (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | |||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | ₩ 670,773,326 | ₩ 634,240,053 | ||
Fair value | 664,060,364 | 634,107,688 | ||
Financial Assets Measured At Fair Value | 132,681,319 | 130,103,428 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 531,379,045 | 504,004,260 | ||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | 577,787,581 | 541,632,120 | ||
Fair value | 574,521,307 | 541,296,618 | ||
Financial Liabilities Measured At Fair Value | 21,778,313 | 15,771,238 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 552,742,994 | 525,525,380 | ||
Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 35,217,256 | 33,217,551 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 23,144,171 | 21,594,815 | ||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | 2,670,939 | 3,187,654 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 0 | 0 | ||
Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 80,381,362 | 82,536,288 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 60,570,616 | 52,177,048 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | 33,836,459 | 26,385,492 | ||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | 10,093,000 | 4,591,470 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 233,621,327 | 268,261,344 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | 64,738,712 | 63,960,027 | ||
Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 17,082,701 | [1] | 14,349,589 | |
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 447,664,258 | 430,232,397 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | 436,435,618 | 419,473,914 | ||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | 9,014,374 | [1] | 7,992,114 | |
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 319,121,667 | 257,264,036 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | 292,416,420 | 227,769,634 | ||
Financial liabilities at fair value through profit or loss | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | 2,193,210 | 2,939,584 | ||
Fair value | 2,193,210 | 2,939,584 | ||
Financial Liabilities Measured At Fair Value | 2,193,210 | 2,939,584 | ||
Financial liabilities at fair value through profit or loss | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | 2,193,210 | 2,939,584 | ||
Financial liabilities at fair value through profit or loss | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | 0 | 0 | ||
Financial liabilities at fair value through profit or loss | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | 0 | [1] | 0 | |
Financial liabilities designated at fair value through profit or loss | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | 10,078,394 | 9,149,396 | ||
Fair value | 10,078,394 | 9,149,396 | ||
Financial Liabilities Measured At Fair Value | 10,078,394 | 9,149,396 | ||
Financial liabilities designated at fair value through profit or loss | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | 35,687 | 36,938 | ||
Financial liabilities designated at fair value through profit or loss | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 1,811,404 | ₩ 1,294,944 | ||
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, Net Asset Value Method | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Binomial Model | ||
Inputs | Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate, Foreign exchange rate | Price of underlying asset, Interest rate, Dividend yield, Volatility, Discount rate | ||
Financial liabilities designated at fair value through profit or loss | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 8,231,303 | [1] | ₩ 7,817,514 | |
Derivatives held for trading | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Description of valuation processes used in fair value measurement, assets | Fair value of exchange traded derivatives is determined using quoted price in an active market, and fair value of OTC derivatives is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair value of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including Finite Difference Method (“FDM”), MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form, and Tree Model or valuation results from independent external professional valuation institutions. | |||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | ₩ 9,209,537 | 3,509,789 | ||
Fair value | 9,209,537 | 3,509,789 | ||
Financial Liabilities Measured At Fair Value | ₩ 9,209,537 | 3,509,789 | ||
Description of valuation processes used in fair value measurement, liabilities | Fair value of exchange traded derivatives is determined using quoted price in an active market, and fair value of OTC derivatives is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair value of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including Finite Difference Method (“FDM”), MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form, and Tree Model or valuation results from independent external professional valuation institutions. | |||
Derivatives held for trading | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 442,042 | 211,132 | ||
Derivatives held for trading | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 7,984,424 | ₩ 3,124,057 | ||
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, and others | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Binomial Model, and others | ||
Inputs | Interest rate, Price of underlying asset, Foreign exchange rate, Credit spread, Discount rate, Volatility, and others | Interest rate, Price of underlying asset, Foreign exchange rate, Credit spread, Discount rate, Volatility, and others | ||
Derivatives held for trading | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 783,071 | [1] | ₩ 174,600 | |
Derivatives held for hedging | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Description of valuation processes used in fair value measurement, assets | Fair value of exchange traded derivatives is determined using quoted price in an active market, and fair value of OTC derivatives is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair value of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including Finite Difference Method (“FDM”), MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form, and Tree Model or valuation results from independent external professional valuation institutions. | |||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | ₩ 297,172 | 172,469 | ||
Fair value | 297,172 | 172,469 | ||
Financial Liabilities Measured At Fair Value | ₩ 297,172 | 172,469 | ||
Description of valuation processes used in fair value measurement, liabilities | Fair value of exchange traded derivatives is determined using quoted price in an active market, and fair value of OTC derivatives is determined using valuation techniques. The Group uses internally developed valuation models that are widely used by market participants to determine fair value of plain vanilla OTC derivatives including options, interest rate swaps, and currency swaps, based on observable market parameters. However, some complex financial instruments are valued using appropriate models developed from generally accepted market valuation models including Finite Difference Method (“FDM”), MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Closed Form, and Tree Model or valuation results from independent external professional valuation institutions. | |||
Derivatives held for hedging | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 0 | 0 | ||
Derivatives held for hedging | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 297,172 | ₩ 172,469 | ||
Valuation techniques | DCF Model, Closed Form, FDM | DCF Model, Closed Form, FDM | ||
Inputs | Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, Risk free interest rate, and others | Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, and others | ||
Derivatives held for hedging | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Measured At Fair Value | ₩ 0 | [1] | ₩ 0 | |
Deposits | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | 388,888,452 | 372,023,918 | ||
Fair value | 388,417,827 | 371,936,631 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 388,417,827 | 371,936,631 | |
Description of valuation processes used in fair value measurement, liabilities | Carrying amount of demand deposits is a reasonable approximation of fair value because they do not have a fixed maturity and are payable on demand. Fair value of time deposits is determined using DCF Model discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. | |||
Deposits | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 0 | 0 | |
Deposits | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 168,864,349 | 204,299,174 | |
Deposits | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 219,553,478 | 167,637,457 | |
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 219,553,478 | ₩ 167,637,457 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Other spread, Prepayment rate, Interest rate | Other spread, Prepayment rate, Interest rate | ||
Borrowings | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | ₩ 71,717,366 | ₩ 56,912,374 | ||
Fair value | 71,187,130 | 56,805,938 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | ₩ 71,187,130 | 56,805,938 | |
Description of valuation processes used in fair value measurement, liabilities | Carrying amount of overdrafts in foreign currency is a reasonable approximation of fair value because they do not have a fixed maturity and are payable on demand. Fair value of other borrowings is determined using DCF Model. | |||
Borrowings | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | ₩ 0 | 0 | |
Borrowings | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | 6,088,123 | 3,137,427 | |
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 6,069,857 | ₩ 3,135,284 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Borrowings | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [3] | ₩ 65,099,007 | ₩ 53,668,511 | |
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 65,099,007 | ₩ 53,668,511 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Other spread, Interest rate | Other spread, Interest rate | ||
Debentures | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | ₩ 68,698,203 | ₩ 67,430,188 | ||
Fair value | 66,432,790 | 67,288,409 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 66,432,790 | 67,288,409 | ||
Description of valuation processes used in fair value measurement, liabilities | Fair value is determined using valuation results of external professional valuation institutions, which are calculated using market inputs. | |||
Debentures | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 0 | 0 | ||
Debentures | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | 58,668,855 | 60,824,743 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 58,668,855 | ₩ 60,824,743 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Debentures | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 7,763,935 | ₩ 6,463,666 | ||
Financial Liabilities Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 7,763,935 | ₩ 6,463,666 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Other spread, Interest rate | Other spread, Interest rate | ||
Other financial liabilities | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Carrying amount | ₩ 26,705,247 | ₩ 29,494,402 | ||
Fair value | 26,705,247 | 29,494,402 | ||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 26,705,247 | 29,494,402 | |
Description of valuation processes used in fair value measurement, liabilities | Carrying amount is a reasonable approximation of fair value because other financial assets and other financial liabilities are temporary accounts used for other various transactions and their maturities are relatively short or not defined. | |||
Other financial liabilities | Level 1 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 0 | 0 | |
Other financial liabilities | Level 2 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | 0 | 0 | |
Other financial liabilities | Level 3 | ||||
Disclosure of fair value measurement of liabilities [abstract] | ||||
Financial Liabilities Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | 26,705,247 | 29,494,402 | |
Cash and due from financial institutions | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 32,063,421 | 31,009,374 | ||
Fair value | 31,992,401 | 31,081,231 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 31,992,401 | 31,081,231 | |
Description of valuation processes used in fair value measurement, assets | Fair value of cash is same as carrying amount. Carrying amount of demand deposit and settlement deposit is a reasonable approximation of fair value because these financial instruments do not have a fixed maturity and are receivable on demand. Fair value of general deposit is measured using Discounted Cash Flow (“DCF”) Model. | |||
Cash and due from financial institutions | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | ₩ 2,517,470 | 3,330,920 | |
Cash and due from financial institutions | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 26,734,157 | 25,791,556 | |
Cash and due from financial institutions | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [2] | 2,740,774 | 1,958,755 | |
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 2,740,774 | ₩ 1,958,755 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Credit spread, Other spread, Interest rate | Credit spread, Other spread, Interest rate | ||
Due from financial institutions measured at fair value through profit or loss | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | ₩ 69,469 | ₩ 200,742 | ||
Fair value | 69,469 | 200,742 | ||
Financial Assets Measured At Fair Value | 69,469 | 200,742 | ||
Due from financial institutions measured at fair value through profit or loss | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Due from financial institutions measured at fair value through profit or loss | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 24,444 | ₩ 128,726 | ||
Valuation techniques | DCF Model, Hull-white Model | DCF Model, Hull and White Model | ||
Inputs | Projected cash flow, Discount rate, Volatility, Correlation coefficient | Projected cash flow, Discount rate, Volatility, Correlation coefficient | ||
Due from financial institutions measured at fair value through profit or loss | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 45,025 | [1] | ₩ 72,016 | |
Derivatives held for trading | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 8,984,171 | 3,532,542 | ||
Fair value | 8,984,171 | 3,532,542 | ||
Financial Assets Measured At Fair Value | 8,984,171 | 3,532,542 | ||
Derivatives held for trading | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 182,019 | 81,408 | ||
Derivatives held for trading | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 8,678,896 | ₩ 3,241,129 | ||
Valuation techniques | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Binomial Model, Option Model, and others | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Black-Scholes Model, Hull and White Model, Binomial Model, and others | ||
Inputs | Price of underlying asset, Underlying asset index, Interest rate, Dividend yield, Volatility, Foreign exchange rate, Discount rate, and others | Interest rate, Price of underlying asset, Foreign exchange rate, Credit spread, Discount rate, Volatility, and others | ||
Derivatives held for trading | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 123,256 | [1] | ₩ 210,005 | |
Debt securities | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 55,610,319 | 56,259,511 | ||
Fair value | 55,610,319 | 56,259,511 | ||
Financial Assets Measured At Fair Value | 55,610,319 | 56,259,511 | ||
Debt securities | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 18,928,038 | 17,706,456 | ||
Debt securities | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 36,682,281 | ₩ 38,553,055 | ||
Valuation techniques | DCF Model, Option Model | DCF Model, Market Value Approach, Option Model | ||
Inputs | Underlying asset index, Discount rate, and others | Underlying asset index, Interest rate, Discount rate, and others | ||
Debt securities | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 0 | [1] | ₩ 0 | |
Equity securities | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 2,326,378 | 3,803,128 | ||
Fair value | 2,326,378 | 3,803,128 | ||
Financial Assets Measured At Fair Value | 2,326,378 | 3,803,128 | ||
Equity securities | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 612,926 | 2,320,702 | ||
Equity securities | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 236,389 | ₩ 47,859 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Equity securities | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 1,477,063 | [1] | ₩ 1,434,567 | |
Derivatives held for hedging | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 461,963 | 188,828 | ||
Fair value | 461,963 | 188,828 | ||
Financial Assets Measured At Fair Value | 461,963 | 188,828 | ||
Derivatives held for hedging | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Derivatives held for hedging | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 461,963 | ₩ 188,828 | ||
Valuation techniques | DCF Model, Closed Form, FDM | DCF Model, Closed Form, FDM | ||
Inputs | Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, CRS interest rate, and others | Projected cash flow, Discount rate, Forward foreign exchange rate, Volatility, Foreign exchange rate, and others | ||
Derivatives held for hedging | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 0 | [1] | ₩ 0 | |
Financial assets at fair value through profit or loss | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 64,935,344 | 66,005,815 | ||
Fair value | 64,935,344 | 66,005,815 | ||
Financial Assets Measured At Fair Value | 64,935,344 | 66,005,815 | ||
Financial assets at fair value through profit or loss | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 15,494,273 | 13,108,985 | ||
Financial assets at fair value through profit or loss | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 33,958,689 | 40,205,783 | ||
Financial assets at fair value through profit or loss | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 15,482,382 | [1] | 12,691,047 | |
Debt securities | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 61,787,727 | 63,002,692 | ||
Fair value | 61,787,727 | 63,002,692 | ||
Financial Assets Measured At Fair Value | 61,787,727 | 63,002,692 | ||
Debt securities | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 14,550,359 | 12,146,181 | ||
Debt securities | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 33,175,465 | ₩ 39,300,923 | ||
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, Binomial Model, and others | DCF Model, Hull and White Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Net Asset Value Method, Binomial Model, and others | ||
Inputs | Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient, and others | Projected cash flow, Fair value of underlying asset, Dividend yield, Price of underlying asset, Interest rate, Discount rate, Volatility, Correlation coefficient, and others | ||
Debt securities | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 14,061,903 | [1] | ₩ 11,555,588 | |
Loans | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 363,144 | 313,604 | ||
Fair value | 363,144 | 313,604 | ||
Financial Assets Measured At Fair Value | 363,144 | 313,604 | ||
Loans | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Loans | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 363,144 | ₩ 299,634 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Loans | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 0 | [1] | ₩ 13,970 | |
Equity securities | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 2,494,580 | 2,419,463 | ||
Fair value | 2,494,580 | 2,419,463 | ||
Financial Assets Measured At Fair Value | 2,494,580 | 2,419,463 | ||
Equity securities | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 853,908 | 849,182 | ||
Equity securities | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 414,291 | ₩ 600,768 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Interest rate, Discount rate, and others | Interest rate, Discount rate, and others | ||
Equity securities | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 1,226,381 | [1] | ₩ 969,513 | |
Loans measured at fair value through profit or loss | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 493,562 | 269,296 | ||
Fair value | 493,562 | 269,296 | ||
Financial Assets Measured At Fair Value | 493,562 | 269,296 | ||
Loans measured at fair value through profit or loss | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Loans measured at fair value through profit or loss | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 344,489 | ₩ 175,366 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Interest rate, Discount rate, and others | Interest rate, Discount rate, and others | ||
Loans measured at fair value through profit or loss | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | ₩ 149,073 | [1] | ₩ 93,930 | |
Loans measured at amortized cost | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 436,530,502 | 417,900,273 | ||
Fair value | 433,885,302 | 417,775,260 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 433,885,302 | 417,775,260 | ||
Description of valuation processes used in fair value measurement, assets | Fair value of loans is determined using DCF Model discounting the expected cash flows, which are contractual cash flows adjusted by the expected prepayment rate, at an appropriate discount rate. | |||
Loans measured at amortized cost | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 0 | 0 | ||
Loans measured at amortized cost | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | 190,458 | 260,101 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 190,458 | ₩ 260,101 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Discount rate | Discount rate | ||
Loans measured at amortized cost | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | ₩ 433,694,844 | ₩ 417,515,159 | ||
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 433,694,844 | ₩ 417,515,159 | ||
Valuation techniques | DCF Model | DCF Model | ||
Inputs | Credit spread, Other spread, Prepayment rate, Interest rate | Credit spread, Other spread, Prepayment rate, Interest rate | ||
Others | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | ₩ 90,006 | ₩ 113,622 | ||
Fair value | 90,006 | 113,622 | ||
Financial Assets Measured At Fair Value | 90,006 | 113,622 | ||
Others | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 90,006 | 113,622 | ||
Others | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 0 | 0 | ||
Others | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 0 | [1] | 0 | |
Securities measured at amortized cost | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 58,288,734 | 44,471,628 | ||
Fair value | 54,291,992 | 44,392,419 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 54,291,992 | 44,392,419 | |
Description of valuation processes used in fair value measurement, assets | Fair value of securities and others that are traded in an active market is determined using the quoted prices. If there is no quoted price, fair value is determined using external professional valuation institutions. The institutions use one or more valuation techniques that are deemed appropriate considering the characteristics of the financial instruments among DCF Model, Free Cash Flow to Equity Model, Comparable Company Analysis, Dividend Discount Model, Risk Adjusted Discount Rate Method, and Net Asset Value Method. | |||
Securities measured at amortized cost | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 20,626,701 | 18,263,895 | |
Securities measured at amortized cost | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | 33,646,001 | 26,125,391 | |
Financial Assets Whose Fair Values Are Disclosed And Classified As Level2 And Level3 | ₩ 33,646,001 | ₩ 26,125,391 | ||
Valuation techniques | DCF Model, MonteCarlo Simulation | DCF Model, MonteCarlo Simulation | ||
Inputs | Discount rate, Interest rate | Discount rate, Interest rate | ||
Securities measured at amortized cost | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 19,290 | ₩ 3,133 | |
Financial assets at fair value through other comprehensive income | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 58,299,841 | 60,376,243 | ||
Fair value | 58,299,841 | 60,376,243 | ||
Financial Assets Measured At Fair Value | 58,299,841 | 60,376,243 | ||
Financial assets at fair value through other comprehensive income | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 19,540,964 | 20,027,158 | ||
Financial assets at fair value through other comprehensive income | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 37,281,814 | 38,900,548 | ||
Financial assets at fair value through other comprehensive income | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Measured At Fair Value | 1,477,063 | [1] | 1,448,537 | |
Others | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Carrying amount | 11,209,350 | 10,755,350 | ||
Fair value | 11,209,350 | 10,755,350 | ||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 11,209,350 | 10,755,350 | |
Description of valuation processes used in fair value measurement, assets | Carrying amount is a reasonable approximation of fair value because other financial assets and other financial liabilities are temporary accounts used for other various transactions and their maturities are relatively short or not defined. | |||
Others | Level 1 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 0 | 0 | |
Others | Level 2 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | 0 | 0 | |
Others | Level 3 | ||||
Disclosure of fair value measurement of assets [abstract] | ||||
Financial Assets Not Measured At Fair Value But For Which Fair Value Is Disclosed | [4] | ₩ 11,209,350 | ₩ 10,755,350 | |
[1]Includes KB Securities Co., Ltd.’s OTC derivatives consisting of ₩ 404,334 million of financial assets at fair value through profit or loss (debt instruments), ₩ 8,241,509 million of financial liabilities designated at fair value through profit or loss, ₩ 120,775 million of derivative financial assets, and ₩ 777,542 million of derivative financial liabilities.[2]The amounts included in Level 2 are the carrying amounts which are reasonable approximations of fair value.[3]Borrowings of ₩ 2,143 million and ₩ 18,266 million included in Level 2 are the carrying amounts which are reasonable approximations of fair value as of December 31, 2021 and 2022, respectively.[4]The amounts included in Level 3 are the carrying amounts which are reasonable approximations of fair value. |
Financial Assets and Financia_4
Financial Assets and Financial Liabilities - Summary of Fair Value Measurement (Parenthetical) (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Disclosure of fair value measurement assets and liabilities [Line Items] | |||
Derivative financial assets | ₩ 9,446,134 | $ 7,495,861 | ₩ 3,721,370 |
Derivative financial liabilities | 9,506,709 | $ 7,543,929 | 3,682,258 |
Level 2 | |||
Disclosure of fair value measurement assets and liabilities [Line Items] | |||
Reasonable Approximation Of Fair Value Borrowings | 18,266 | ₩ 2,143 | |
Level 3 | KB Securities Co., Ltd. | |||
Disclosure of fair value measurement assets and liabilities [Line Items] | |||
Financial assets at fair value through profit or loss (debt instruments) | 404,334 | ||
Financial liabilities designated at fair value through profit or loss | 8,241,509 | ||
Derivative financial assets | 120,775 | ||
Derivative financial liabilities | ₩ 777,542 |
Financial Assets and Financia_5
Financial Assets and Financial Liabilities - Summary of Changes in Level 3 of the Fair Value Hierarchy (Details) - Level3 Of Fair Value Hierarchy [Member] - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Due from financial institutions measured at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy [Abstract] | |||
Beginning balance | ₩ 72,016 | ₩ 90,083 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy [Abstract] | |||
Profit or loss | (74) | 212 | |
Other comprehensive income (loss) | (6,917) | 1,720 | |
Purchases | 0 | 0 | |
Sales | (20,000) | (19,999) | |
Issues | 0 | 0 | |
Settlements | 0 | 0 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | 45,025 | 72,016 | |
Equity securities measured at fair value through other comprehensive income | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy [Abstract] | |||
Beginning balance | 1,434,567 | 2,419,908 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy [Abstract] | |||
Profit or loss | 0 | 0 | |
Other comprehensive income (loss) | (3,004) | (101,876) | |
Purchases | 46,041 | 74,602 | |
Sales | (541) | (5,618) | |
Issues | 0 | 0 | |
Settlements | 0 | 0 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | (952,449) |
Ending balance | ₩ 1,477,063 | 1,434,567 | |
Description of reasons for transfers out of Level 3 of fair value hierarchy, assets | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | ||
Loans measured at fair value through other comprehensive income | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy [Abstract] | |||
Beginning balance | ₩ 13,970 | 27,983 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy [Abstract] | |||
Profit or loss | 0 | 0 | |
Other comprehensive income (loss) | 130 | 87 | |
Purchases | 0 | 0 | |
Sales | (14,100) | (14,100) | |
Issues | 0 | 0 | |
Settlements | 0 | 0 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | 0 | 13,970 | |
Securities measured at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy [Abstract] | |||
Beginning balance | 12,525,101 | 11,099,923 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy [Abstract] | |||
Profit or loss | 129,390 | 346,982 | |
Other comprehensive income (loss) | (304,847) | 223,545 | |
Purchases | 4,409,579 | 3,567,937 | |
Sales | (1,368,002) | (2,360,801) | |
Issues | 0 | 0 | |
Settlements | (61,055) | 0 | |
Transfers into Level 3 | [1] | 27,120 | 4,307 |
Transfers out of Level 3 | [1] | (69,002) | (356,792) |
Ending balance | ₩ 15,288,284 | ₩ 12,525,101 | |
Description of reasons for transfers into Level 3 of fair value hierarchy, assets | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | |
Description of reasons for transfers out of Level 3 of fair value hierarchy, assets | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | |
Financial liabilities designated at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy [Abstract] | |||
Beginning balance | ₩ (7,817,514) | ₩ (9,201,431) | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy [Abstract] | |||
Profit or loss | 561,996 | 61,756 | |
Other comprehensive income (loss) | 60,520 | (5,446) | |
Purchases | 0 | 0 | |
Sales | 0 | 0 | |
Issues | (5,222,820) | (8,233,128) | |
Settlements | 4,186,515 | 9,560,735 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | (8,231,303) | (7,817,514) | |
Loans measured at fair value through profit or loss | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy [Abstract] | |||
Beginning balance | 93,930 | 38,756 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy [Abstract] | |||
Profit or loss | 20,306 | (431) | |
Other comprehensive income (loss) | 0 | 0 | |
Purchases | 45,485 | 55,605 | |
Sales | (10,648) | 0 | |
Issues | 0 | 0 | |
Settlements | 0 | 0 | |
Transfers into Level 3 | [1] | 0 | 0 |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | 149,073 | 93,930 | |
Derivatives held for trading | |||
Reconciliation Of Changes In Level3 Of The Fair Value Hierarchy [Abstract] | |||
Beginning balance | 35,405 | 300,420 | |
Total Gains Losses From Financial Assets Liabilities Measured At Fair Value Level3 Of The Fair Value Hierarchy [Abstract] | |||
Profit or loss | (663,229) | (66,116) | |
Other comprehensive income (loss) | 0 | 0 | |
Purchases | 23,526 | 3,954 | |
Sales | (59,177) | (170,055) | |
Issues | (14,796) | (32,516) | |
Settlements | 18,456 | 0 | |
Transfers into Level 3 | [1] | 0 | (282) |
Transfers out of Level 3 | [1] | 0 | 0 |
Ending balance | ₩ (659,815) | ₩ 35,405 | |
Description of reasons for transfers into Level 3 of fair value hierarchy, assets | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | |
Description of reasons for transfers out of Level 3 of fair value hierarchy, assets | Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. | ||
[1]Transfers into or out of Level 3 of the fair value hierarchy occurred due to the change in the availability of observable market data. |
Financial Assets and Financia_6
Financial Assets and Financial Liabilities - Summary of Total Gains or Losses Recognized in Profit or Loss for The Period (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net gains(losses) on financial instruments at fair value through profit or loss | |||
Total Gain Or Losses From Changes In Level3 Fair Value Hierarchy Line Items [Line Items] | |||
Total gains (losses) recognized in profit or loss for the period | ₩ (75,653) | ₩ 256,167 | ₩ 70,251 |
Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting period | 88,483 | 126,516 | 129,824 |
Other operating income(expenses) | |||
Total Gain Or Losses From Changes In Level3 Fair Value Hierarchy Line Items [Line Items] | |||
Total gains (losses) recognized in profit or loss for the period | 124,042 | 86,236 | (56,329) |
Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting period | 73,711 | 85,256 | (60,884) |
Net interest income | |||
Total Gain Or Losses From Changes In Level3 Fair Value Hierarchy Line Items [Line Items] | |||
Total gains (losses) recognized in profit or loss for the period | 0 | 0 | 0 |
Total gains (losses) recognized in profit or loss from financial instruments held at the end of the reporting period | ₩ 0 | ₩ 0 | ₩ 0 |
Financial Assets and Financia_7
Financial Assets and Financial Liabilities - Summary of Information About Fair Value Measurements Using Unobservable Assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 17,082,701 | ₩ 14,349,589 |
Due from financial institutions | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 45,025 | ₩ 72,016 |
Valuation techniques | Hull-white Model | MonteCarlo Simulation, Hull and White Model |
Correlation Coefficient Unobservable Inputs Assets | (3.36%) | |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility of underlying asset, the higher the fair value fluctuation | |
Relationship Of Correlation | The higher the correlation coefficient, the higher the fair value fluctuation | |
Interest Rate Unobservable Inputs Assets | 0.86% | |
Relationship Of Interest Rate | The lower the interest rate, the higher the fair value | |
Due from financial institutions | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 14.30% | |
Due from financial institutions | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 39.66% | |
Debt securities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 14,061,903 | ₩ 11,555,588 |
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Milestone Method, Income Approach, Market Value Approach, and others | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Option Model, Binomial Model, Net Asset Value Method, Milestone Method, Income Approach, Market Value Approach, and others |
Recovery Rate Unobservable Inputs Assets | 40% | 40% |
Relationship Of Growth Rate | The higher the growth rate, the higher the fair value | The higher the growth rate, the higher the fair value |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Relationship Of Stock Price | The higher the stock price, the higher the fair value | |
Relationship Of Recovery Rate | The higher the recovery rate, the higher the fair value | The higher the recovery rate, the higher the fair value |
Relationship Of Correlation Coefficient Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Relationship Of Liquidation Value | The higher the liquidation value, the higher the fair value | The higher the liquidation value, the higher the fair value |
Relationship Of Volatility of real estate price | The higher the sale price of real estate, the higher the fair value | The higher the sale price of real estate, the higher the fair value |
Relationship Of Volatility Of the Stock Price | The higher the volatility, the higher the fair value fluctuation | |
Debt securities | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Growth Rate Unobservable Inputs Assets | 0% | 0% |
Volatility Unobservable Inputs Assets | 0.24% | 13.87% |
Discount Rate Unobservable Inputs Assets | 1.54% | 0.60% |
Stock Price Unobservable Inputs Assets | 18.87% | |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | (60.10%) | (60.35%) |
Liquidation Value Unobservable Inputs Assets | (1.00%) | (1.00%) |
Volatility Of The Stock Price Unobservable Inputs Assets | 18.87% | |
Volatility of real estate price Unobservable Inputs Assets | (1.00%) | (1.00%) |
Debt securities | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Growth Rate Unobservable Inputs Assets | 3% | 2% |
Volatility Unobservable Inputs Assets | 37.39% | 58.39% |
Discount Rate Unobservable Inputs Assets | 15.75% | 21.37% |
Stock Price Unobservable Inputs Assets | 19.48% | |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Assets | 93.32% | 100% |
Liquidation Value Unobservable Inputs Assets | 1% | 1% |
Volatility Of The Stock Price Unobservable Inputs Assets | 19.48% | |
Volatility of real estate price Unobservable Inputs Assets | 1% | 1% |
Equity securities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 1,226,381 | ₩ 969,513 |
Valuation techniques | Income Approach, Market Value Approach, Asset Value Approach, DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, Dividend Discount Model, Usage of Past Transactions, Binomial Model, and others | Income Approach, Market Value Approach, Asset Value Approach, DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, Dividend Discount Model, Usage of Past Transactions, Binomial Model, and others |
Relationship Of Growth Rate | The higher the growth rate, the higher the fair value | The higher the growth rate, the higher the fair value |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Relationship Of Stock Price | The higher the stock price, the higher the fair value | |
Equity securities | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Growth Rate Unobservable Inputs Assets | 0% | 0.50% |
Volatility Unobservable Inputs Assets | 16.80% | |
Discount Rate Unobservable Inputs Assets | 8% | 8.80% |
Stock Price Unobservable Inputs Assets | 23.36% | |
Equity securities | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Growth Rate Unobservable Inputs Assets | 4% | 2% |
Volatility Unobservable Inputs Assets | 25.50% | |
Discount Rate Unobservable Inputs Assets | 23% | 24.60% |
Stock Price Unobservable Inputs Assets | 25.49% | |
Loans measured at fair value through profit or loss | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 149,073 | ₩ 93,930 |
Valuation techniques | DCF Model | DCF Model |
Discount Rate Unobservable Inputs Assets | 9.91% | 8.21% |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Stock and index | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 79,297 | ₩ 184,165 |
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Binomial Model, Net Asset Value Method | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull and White Model, Black-Scholes Model, Binomial Model |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Relationship Of Correlation | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Relationship Of Stock Price | The higher the stock price, the higher the fair value | |
Stock and index | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 10% | 15.07% |
Correlation Coefficient Unobservable Inputs Assets | (60.10%) | (60.35%) |
Stock Price Unobservable Inputs Assets | (10.00%) | |
Stock and index | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Assets | 58.84% | 80.58% |
Correlation Coefficient Unobservable Inputs Assets | 79.72% | 88.17% |
Stock Price Unobservable Inputs Assets | 10% | |
Currency and interest rate | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 43,959 | ₩ 25,840 |
Valuation techniques | DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form | DCF Model, Hull and White Model, MonteCarlo Simulation, Closed Form |
Relationship Of Correlation | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Currency and interest rate | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Correlation Coefficient Unobservable Inputs Assets | 8.42% | (48.31%) |
Volatility Unobservable Inputs Assets | 9.77% | 2.67% |
Currency and interest rate | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Correlation Coefficient Unobservable Inputs Assets | 93.32% | 90.16% |
Volatility Unobservable Inputs Assets | 32.92% | 81.32% |
Equity securities | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 1,477,063 | ₩ 1,434,567 |
Valuation techniques | DCF Model, Comparable Company Analysis, Risk Adjusted Discount Rate Method, IMV Model, Income Approach, Net Asset Value Method, Market Value Approach, and others | Risk Adjusted Discount Rate Method, IMV Model, DCF Model, Comparable Company Analysis, Dividend Discount Model, Net Asset Value Method, Market Value Approach, Hull and White Model, and others |
Relationship Of Growth Rate | The higher the growth rate, the higher the fair value | The higher the growth rate, the higher the fair value |
Relationship Of Volatility | The higher the volatility, the higher the fair value fluctuation | |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Relationship Of Volatility Of the Stock Price | The higher the volatility, the higher the fair value fluctuation | |
Relationship Of Volatility Of Interest Rate | The higher the volatility, the higher the fair value fluctuation | |
Equity securities | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Growth Rate Unobservable Inputs Assets | 0% | 0% |
Volatility Unobservable Inputs Assets | 23.36% | |
Discount Rate Unobservable Inputs Assets | 7.96% | 8.80% |
Volatility Of The Stock Price Unobservable Inputs Assets | 23.36% | |
Volatility Of Interest Rate Unobservable Inputs Assets | 56.32% | |
Equity securities | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Growth Rate Unobservable Inputs Assets | 2% | 2% |
Volatility Unobservable Inputs Assets | 31.65% | |
Discount Rate Unobservable Inputs Assets | 19.14% | 18.02% |
Volatility Of The Stock Price Unobservable Inputs Assets | 25.49% | |
Volatility Of Interest Rate Unobservable Inputs Assets | 121.17% | |
Loans | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 13,970 | |
Valuation techniques | DCF Model | |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | |
Loans | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Discount Rate Unobservable Inputs Assets | 2.87% | |
Loans | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Discount Rate Unobservable Inputs Assets | 4.87% |
Financial Assets and Financia_8
Financial Assets and Financial Liabilities - Summary of Information About Fair Value Measurements Using Unobservable Inputs Liablities (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Fair value | ₩ 9,014,374 | ₩ 7,992,114 |
Stock and index | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, and others | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model, Binomial Model |
Fair value | ₩ 370,093 | ₩ 92,757 |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Relationship Of Correlation Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | |
Relationship Of Correlation Coefficient | The higher the correlation coefficient, the higher the fair value fluctuation | |
Stock and index | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 0.09% | 15.07% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | (60.35%) | |
Correlation Coefficient | (60.10%) | |
Stock and index | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 119.27% | 80.58% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | 88.17% | |
Correlation Coefficient | 79.72% | |
Derivative linked securities | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Valuation techniques | DCF Model, Closed Form, MonteCarlo Simulation, Black-Scholes Model, Hull-white Model, Net Asset Value Method, and others | DCF Model, Closed Form, FDM, MonteCarlo Simulation, Hull-white Model, Black-Scholes Model |
Fair value | ₩ 8,231,303 | ₩ 7,817,514 |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Relationship Of Correlation Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | |
Relationship Of Correlation Coefficient | The higher the correlation coefficient, the higher the fair value fluctuation | |
Derivative linked securities | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 1% | 1% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | (60.35%) | |
Correlation Coefficient | (60.10%) | |
Derivative linked securities | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 119.27% | 81.32% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | 90.16% | |
Correlation Coefficient | 93.32% | |
Others | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Valuation techniques | DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form | DCF Model, Hull-white Model, MonteCarlo Simulation, Closed Form |
Fair value | ₩ 412,978 | ₩ 81,843 |
Relationship Of Volatility Of The Underlying Asset | The higher the volatility, the higher the fair value fluctuation | The higher the volatility, the higher the fair value fluctuation |
Relationship Of Correlation Between Underlying Asset | The higher the correlation coefficient, the higher the fair value fluctuation | The higher the correlation coefficient, the higher the fair value fluctuation |
Relationship Of Discount Rate | The lower the discount rate, the higher the fair value | The lower the discount rate, the higher the fair value |
Others | Bottom of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 8.68% | 5.29% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | (50.43%) | (48.31%) |
Discount Rate Unobservable Inputs Liabilities | 4.83% | 1.46% |
Others | Top of range [member] | ||
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items] | ||
Volatility Of The Underlying Asset Unobservable Inputs Liabilities | 119.27% | 53.57% |
Correlation Coefficient Between Underlying Asset Unobservable Inputs Liabilities | 93.32% | 90.16% |
Discount Rate Unobservable Inputs Liabilities | 6.85% | 2.83% |
Financial Assets and Financia_9
Financial Assets and Financial Liabilities - Summary of Sensitivity Analysis of Changes Unobservable Inputs Assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Recognition in profit or loss | |||
Favorable changes | ₩ 72,308 | ₩ 53,293 | |
Unfavorable changes | (64,571) | (48,646) | |
Other comprehensive income | |||
Favorable changes | 181,170 | 98,258 | |
Unfavorable changes | (84,711) | (73,535) | |
Due from financial institutions measured at fair value through profit or loss | |||
Recognition in profit or loss | |||
Favorable changes | [1] | 0 | 0 |
Unfavorable changes | [1] | 0 | 0 |
Other comprehensive income | |||
Favorable changes | [1] | 221 | 19 |
Unfavorable changes | [1] | (247) | (18) |
Derivatives held for trading | |||
Recognition in profit or loss | |||
Favorable changes | [1],[2] | 18,076 | 19,328 |
Unfavorable changes | [1],[2] | (19,034) | (20,005) |
Other comprehensive income | |||
Favorable changes | [1],[2] | 0 | 0 |
Unfavorable changes | [1],[2] | 0 | 0 |
Debt securities | |||
Recognition in profit or loss | |||
Favorable changes | [1],[3] | 17,392 | 13,149 |
Unfavorable changes | [1],[3] | (17,896) | (12,562) |
Other comprehensive income | |||
Favorable changes | [1],[3] | 1,642 | 1,458 |
Unfavorable changes | [1],[3] | (1,869) | (1,402) |
Equity securities | |||
Recognition in profit or loss | |||
Favorable changes | [1],[4] | 34,564 | 11,259 |
Unfavorable changes | [1],[4] | (25,586) | (8,192) |
Other comprehensive income | |||
Favorable changes | [1],[4] | 0 | 1,049 |
Unfavorable changes | [1],[4] | 0 | (813) |
Loans | |||
Recognition in profit or loss | |||
Favorable changes | [5] | 0 | 0 |
Unfavorable changes | [5] | 0 | 0 |
Other comprehensive income | |||
Favorable changes | [5] | 0 | 133 |
Unfavorable changes | [5] | 0 | (131) |
Equity securities | |||
Recognition in profit or loss | |||
Favorable changes | [4] | 0 | 6,495 |
Unfavorable changes | [4] | 0 | (5,145) |
Other comprehensive income | |||
Favorable changes | [4] | 179,307 | 95,599 |
Unfavorable changes | [4] | (82,595) | (71,171) |
Loans measured at fair value through profit or loss | |||
Recognition in profit or loss | |||
Favorable changes | [1],[6] | 2,276 | 3,062 |
Unfavorable changes | [1],[6] | (2,055) | (2,742) |
Other comprehensive income | |||
Favorable changes | [1],[6] | 0 | 0 |
Unfavorable changes | [1],[6] | ₩ 0 | ₩ 0 |
[1]For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate, recovery rate, liquidation value by ±1%p and volatility of underlying asset, growth rate by ±1%p or ±10% and correlation coefficient by ±10%.[2]For derivative financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters such as price of underlying asset and volatility by ± 10%.[3]For beneficiary certificates, it is practically impossible to analyze sensitivity of changes in unobservable inputs. However, for beneficiary certificates whose underlying assets are real estates, changes in fair value are calculated by shifting rate of real estate price fluctuation by -1%p~1%p, and for beneficiary certificates whose underlying assets are equity investments, changes in fair value are calculated by shifting principal unobservable input parameters such as liquidation value by -1%p~1%p and discount rate by -1%p~1%p. There is no significant correlation among major unobservable inputs.[4]For equity securities, changes in fair value are calculated by shifting principal unobservable input parameters such as correlation between discount rate (-1%p~1%p) and growth rate (0%p~ 1%p). |
Financial Assets and Financi_10
Financial Assets and Financial Liabilities - Summary of Sensitivity Analysis of Changes In Unobservable Inputs Liabilities (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Recognition in profit or loss | |||
Favorable changes | ₩ 142,769 | ₩ 109,665 | |
Unfavorable changes | (144,090) | (112,106) | |
Other comprehensive income | |||
Favorable changes | 0 | 109,470 | |
Unfavorable changes | 0 | (111,902) | |
Financial instruments designated at fair value through profit or loss | |||
Recognition in profit or loss | |||
Favorable changes | [1] | 94,001 | 78,355 |
Unfavorable changes | [1] | (97,663) | (82,797) |
Other comprehensive income | |||
Favorable changes | [1] | 0 | 78,356 |
Unfavorable changes | [1] | 0 | (82,797) |
Derivatives held for trading | |||
Recognition in profit or loss | |||
Favorable changes | [2] | 48,768 | 31,310 |
Unfavorable changes | [2] | (46,427) | (29,309) |
Other comprehensive income | |||
Favorable changes | [2] | 0 | 31,114 |
Unfavorable changes | [2] | ₩ 0 | ₩ (29,105) |
[1]For financial instruments at fair value through profit or loss, changes in fair value are calculated by shifting principal unobservable input parameters such as discount rate, recovery rate, liquidation value by ±1%p and volatility of underlying asset, growth rate by ±1%p or ±10% and correlation coefficient by ±10%.[2]For derivative financial instruments, changes in fair value are calculated by shifting principal unobservable input parameters such as price of underlying asset and volatility by ± 10%. |
Financial Assets and Financi_11
Financial Assets and Financial Liabilities - Summary of Day one Gain or Loss (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss [abstract] | ||
Balance at the beginning of the year | ₩ 77,208 | ₩ 61,393 |
New transactions | 113,504 | 166,443 |
Changes during the year | (119,208) | (150,628) |
Balance at the end of the year | ₩ 71,504 | ₩ 77,208 |
Financial Assets and Financi_12
Financial Assets and Financial Liabilities - Summary of Carrying Amounts of Financial Instruments Category Assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | ₩ 670,773,326 | ₩ 634,240,053 |
Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 32,063,421 | 31,009,374 |
Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 64,935,344 | 66,005,815 |
Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 9,446,134 | 3,721,370 |
Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 436,530,502 | 417,900,273 |
Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 116,588,575 | 104,847,871 |
Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 11,209,350 | 10,755,350 |
Financial instruments at fair value through other comprehensive income | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 55,973,463 | 56,573,115 |
Financial instruments at fair value through other comprehensive income | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 55,973,463 | 56,573,115 |
Financial instruments at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 73,919,515 | 69,538,357 |
Financial instruments at fair value through profit or loss | Financial assets at fair value through profit or loss | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 64,935,344 | 66,005,815 |
Financial instruments at fair value through profit or loss | Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 8,984,171 | 3,532,542 |
Financial instruments designated at fair value through other comprehensive income | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 2,326,378 | 3,803,128 |
Financial instruments designated at fair value through other comprehensive income | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 2,326,378 | 3,803,128 |
Financial instruments at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 538,092,007 | 504,136,625 |
Financial instruments at amortized cost | Cash and due from financial institutions | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 32,063,421 | 31,009,374 |
Financial instruments at amortized cost | Loans measured at amortized cost | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 436,530,502 | 417,900,273 |
Financial instruments at amortized cost | Financial investments | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 58,288,734 | 44,471,628 |
Financial instruments at amortized cost | Other financial assets | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 11,209,350 | 10,755,350 |
Derivatives held for hedging | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | 461,963 | 188,828 |
Derivatives held for hedging | Derivatives | ||
Carrying Amounts Of Financial Assets Line Items [Line Items] | ||
Financial assets | ₩ 461,963 | ₩ 188,828 |
Financial Assets and Financi_13
Financial Assets and Financial Liabilities - Summary of Carrying Amounts of Financial Instruments Category Liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | ₩ 577,787,581 | ₩ 541,632,120 |
Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 12,271,604 | 12,088,980 |
Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 9,506,709 | 3,682,258 |
Deposits | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 388,888,452 | 372,023,918 |
Borrowings | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 71,717,366 | 56,912,374 |
Debentures | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 68,698,203 | 67,430,188 |
Other financial liabilities | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 26,705,247 | 29,494,402 |
Financial instruments at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 11,402,747 | 6,449,373 |
Financial instruments at fair value through profit or loss | Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 2,193,210 | 2,939,584 |
Financial instruments at fair value through profit or loss | Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 9,209,537 | 3,509,789 |
Financial instruments designated at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 10,078,394 | 9,149,396 |
Financial instruments designated at fair value through profit or loss | Financial liabilities at fair value through profit or loss | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 10,078,394 | 9,149,396 |
Financial instruments at amortized cost | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 556,009,268 | 525,860,882 |
Financial instruments at amortized cost | Deposits | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 388,888,452 | 372,023,918 |
Financial instruments at amortized cost | Borrowings | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 71,717,366 | 56,912,374 |
Financial instruments at amortized cost | Debentures | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 68,698,203 | 67,430,188 |
Financial instruments at amortized cost | Other financial liabilities | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 26,705,247 | 29,494,402 |
Derivatives held for hedging | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | 297,172 | 172,469 |
Derivatives held for hedging | Derivatives | ||
Carrying Amounts Of Financial Liabilities Line Items [Line Items] | ||
Financial liabilities | ₩ 297,172 | ₩ 172,469 |
Financial Assets and Financi_14
Financial Assets and Financial Liabilities - Summary of Maximum Exposure Loss from Continuing Involvement Derecognized Financial Assets (Details) - Financial assets at fair value through profit or loss - Subordinate debt - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of continuing involvement in derecognised financial assets [line items] | ||
Carrying amount of continuing involvement | ₩ 1,105 | ₩ 10,652 |
Fair value of continuing involvement | 1,105 | 10,652 |
Discovery 2nd Securitization Specialty Co., Ltd. | ||
Disclosure of continuing involvement in derecognised financial assets [line items] | ||
Carrying amount of continuing involvement | 564 | 5,189 |
Fair value of continuing involvement | 564 | 5,189 |
AP 4D ABS Ltd. | ||
Disclosure of continuing involvement in derecognised financial assets [line items] | ||
Carrying amount of continuing involvement | 541 | 5,463 |
Fair value of continuing involvement | ₩ 541 | ₩ 5,463 |
Financial Assets and Financi_15
Financial Assets and Financial Liabilities - Summary of Transferred Financial Assets Derecognized Entirety (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Carrying amount of underlying assets | ₩ 3,715,466 | ₩ 2,842,657 | |
Fair value of underlying assets | 3,686,275 | 2,831,004 | |
Carring Amount of transferred assets | 13,227,234 | 12,309,025 | |
Carrying amount of related liabilities | 10,610,882 | 10,978,971 | |
Carrying amount of senior debentures | 2,094,584 | 1,731,873 | |
Fair value of senior debentures | 2,089,458 | 1,739,801 | |
Bonds sold under repurchase agreements | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Carring Amount of transferred assets | 11,418,820 | 11,273,036 | |
Carrying amount of related liabilities | 10,610,882 | 10,978,971 | |
Amounts of the bonds sold under repurchase agreements | 100,768 | 2,050,635 | |
Government bond | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Carring Amount of transferred assets | 1,661,550 | 1,035,736 | |
Stock | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Carring Amount of transferred assets | ₩ 52,098 | ₩ 253 | |
KB Kookmin Card 5th Securitization Co., Ltd. | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | ||
Carrying amount of underlying assets | [1] | ₩ 492,108 | |
Fair value of underlying assets | [1] | 490,113 | |
Carrying amount of senior debentures | [1] | 299,881 | |
Fair value of senior debentures | [1] | ₩ 302,564 | |
KB Kookmin Card 6th Securitization Co., Ltd. | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | ||
Carrying amount of underlying assets | [1] | ₩ 726,803 | |
Fair value of underlying assets | [1] | 723,835 | |
Carrying amount of senior debentures | [1] | 474,000 | |
Fair value of senior debentures | [1] | ₩ 474,766 | |
KB Kookmin Card 7th Securitization Co., Ltd. | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | |
Carrying amount of underlying assets | [1] | ₩ 963,756 | ₩ 948,129 |
Fair value of underlying assets | [1] | 958,207 | 943,689 |
Carrying amount of senior debentures | [1] | 641,780 | 598,180 |
Fair value of senior debentures | [1] | ₩ 628,274 | ₩ 596,272 |
KB Auto Second Asset Securitization Specialty Co., Ltd.2 | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as when the trusted assets do not meet the eligibility requirements. | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as when the trusted assets do not meet the eligibility requirements. | |
Carrying amount of underlying assets | [2] | ₩ 441,080 | ₩ 129,867 |
Fair value of underlying assets | [2] | 429,626 | 129,385 |
Carrying amount of senior debentures | [2] | 299,705 | 59,968 |
Fair value of senior debentures | [2] | ₩ 299,705 | ₩ 59,935 |
KB Kookmin Card 8th Securitization Co., Ltd.1 | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | |
Carrying amount of underlying assets | [1] | ₩ 556,487 | ₩ 545,750 |
Fair value of underlying assets | [1] | 553,729 | 543,982 |
Carrying amount of senior debentures | [1] | 299,878 | 299,844 |
Fair value of senior debentures | [1] | ₩ 285,111 | ₩ 306,264 |
KB Kookmin Card 9th Securitization Co., Ltd.1 | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | ||
Carrying amount of underlying assets | [1] | ₩ 615,565 | |
Fair value of underlying assets | [1] | 612,543 | |
Carrying amount of senior debentures | [1] | 349,829 | |
Fair value of senior debentures | [1] | ₩ 372,724 | |
KB Kookmin Card 10th Securitization Co., Ltd.1 | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities | The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts. | ||
Carrying amount of underlying assets | [1] | ₩ 1,138,578 | |
Fair value of underlying assets | [1] | 1,132,170 | |
Carrying amount of senior debentures | [1] | 503,392 | |
Fair value of senior debentures | [1] | 503,644 | |
Others | |||
Disclosure of transferred financial assets that are not derecognised in their entirety [line items] | |||
Carring Amount of transferred assets | ₩ 94,766 | ||
[1]The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as the remaining balance of the eligible underlying assets in trust-type asset securitization is below the solvency ratio (minimum ratio: 104.5%) of the beneficiary interest in the trust. To avoid such early redemption, the Group entrusts credit card accounts and deposits in addition to the previously entrusted credit card accounts.[2]The Group has an obligation to early redeem the securitized debentures in the event of situations prescribed by the asset securitization contract, such as when the trusted assets do not meet the eligibility requirements. |
Financial Assets and Financi_16
Financial Assets and Financial Liabilities - Summary of Financial Assets Subject Offsetting (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross assets | ₩ 74,047,166 | ₩ 58,041,714 |
Gross liabilities offset | (56,524,202) | (44,810,815) |
Net amounts in the statement of financial position | 17,522,964 | 13,230,899 |
Non-offsetting amount | ||
Financial Instruments | (14,402,907) | (10,691,324) |
Cash Collateral | (195,224) | (235,749) |
Net amount | 2,924,833 | 2,303,826 |
Derivatives held for trading and Derivatives linked securities | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross assets | 9,380,420 | 3,673,348 |
Net amounts in the statement of financial position | 9,380,420 | 3,673,348 |
Derivatives held for hedging | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross assets | 461,964 | 188,828 |
Net amounts in the statement of financial position | 461,964 | 188,828 |
Non-offsetting amount | ||
Financial Instruments | (7,710,408) | (2,352,365) |
Cash Collateral | (195,224) | (235,749) |
Net amount | 1,936,752 | 1,274,062 |
Unsettled spot exchange receivable | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross assets | 3,374,369 | 2,384,503 |
Net amounts in the statement of financial position | 3,374,369 | 2,384,503 |
Non-offsetting amount | ||
Financial Instruments | (3,360,673) | (2,380,556) |
Net amount | 13,696 | 3,947 |
Bonds purchased under repurchase agreements | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross assets | 3,328,657 | 5,955,194 |
Net amounts in the statement of financial position | 3,328,657 | 5,955,194 |
Non-offsetting amount | ||
Financial Instruments | (3,328,657) | (5,955,194) |
Domestic exchange settlement debits | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross assets | 55,491,085 | 43,497,849 |
Gross liabilities offset | (54,611,238) | (42,482,911) |
Net amounts in the statement of financial position | 879,847 | 1,014,938 |
Non-offsetting amount | ||
Net amount | 879,847 | 1,014,938 |
Other financial instruments | ||
Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | ||
Gross assets | 2,010,671 | 2,341,992 |
Gross liabilities offset | (1,912,964) | (2,327,904) |
Net amounts in the statement of financial position | 97,707 | 14,088 |
Non-offsetting amount | ||
Financial Instruments | (3,169) | (3,209) |
Net amount | ₩ 94,538 | ₩ 10,879 |
Financial Assets and Financi_17
Financial Assets and Financial Liabilities - Summary of Financial Liabilities Subject Offsetting (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | ₩ 86,366,837 | ₩ 74,235,755 | |
Gross assets offset | (56,524,202) | (44,810,815) | |
Net amounts in the statement of financial position | 29,842,635 | 29,424,940 | |
Non-offsetting amount | |||
Financial Instruments | (21,276,621) | (27,778,432) | |
Cash Collateral | (83,837) | (75,253) | |
Net amount | 8,482,177 | 1,571,255 | |
Derivatives held for trading and Derivatives linked securities | |||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | 10,500,353 | 4,132,915 | |
Net amounts in the statement of financial position | 10,500,353 | 4,132,915 | |
Derivatives held for hedging | |||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | 297,173 | 172,470 | |
Net amounts in the statement of financial position | 297,173 | 172,470 | |
Non-offsetting amount | |||
Financial Instruments | (2,302,059) | (3,069,591) | |
Cash Collateral | (83,837) | (75,253) | |
Net amount | 8,411,630 | 1,160,541 | |
Unsettled spot exchange payable | |||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | 3,374,230 | 2,383,399 | |
Net amounts in the statement of financial position | 3,374,230 | 2,383,399 | |
Non-offsetting amount | |||
Financial Instruments | (3,360,673) | (2,380,556) | |
Net amount | 13,557 | 2,843 | |
Bonds sold under repurchase agreements | |||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | [1] | 11,769,694 | 14,372,761 |
Net amounts in the statement of financial position | [1] | 11,769,694 | 14,372,761 |
Non-offsetting amount | |||
Financial Instruments | [1] | (11,769,694) | (14,372,761) |
Securities borrowing agreements | |||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | 2,102,537 | 2,826,885 | |
Net amounts in the statement of financial position | 2,102,537 | 2,826,885 | |
Non-offsetting amount | |||
Financial Instruments | (2,102,537) | (2,826,885) | |
Domestic exchange settlement credits | |||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | 56,349,727 | 47,608,341 | |
Gross assets offset | (54,611,238) | (42,482,911) | |
Net amounts in the statement of financial position | 1,738,489 | 5,125,430 | |
Non-offsetting amount | |||
Financial Instruments | (1,738,489) | (5,125,430) | |
Other financial instruments | |||
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position [abstract] | |||
Gross liabilities | 1,973,123 | 2,738,984 | |
Gross assets offset | (1,912,964) | (2,327,904) | |
Net amounts in the statement of financial position | 60,159 | 411,080 | |
Non-offsetting amount | |||
Financial Instruments | (3,169) | (3,209) | |
Net amount | ₩ 56,990 | ₩ 407,871 | |
[1]Includes bonds sold under repurchase agreements to customers. |
Financial Assets and Financi_18
Financial Assets and Financial Liabilities - Summary of Carrying Amounts of the Underlying Assets and the Associated Liabilities (Detail) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Purchase commitments of securitized debentures [Line Items] | |||
Assets that entity continues to recognise | ₩ 13,227,234 | ₩ 12,309,025 | |
Associated liabilities that entity continues to recognise | 2,094,584 | 1,731,873 | |
Debentures | |||
Disclosure of Purchase commitments of securitized debentures [Line Items] | |||
Associated liabilities that entity continues to recognise | 3,222,237 | 4,010,436 | |
Financial assets at fair value, class [member] | |||
Disclosure of Purchase commitments of securitized debentures [Line Items] | |||
Assets that entity continues to recognise | 324,456 | 289,188 | |
Financial assets at fair value, class [member] | Debentures | |||
Disclosure of Purchase commitments of securitized debentures [Line Items] | |||
Assets that entity continues to recognise | 3,374,927 | 4,013,392 | |
Financial assets at amortised cost, class [member] | |||
Disclosure of Purchase commitments of securitized debentures [Line Items] | |||
Assets that entity continues to recognise | [1] | ₩ 3,050,471 | ₩ 3,724,204 |
[1]Before netting of allowance |
Due From Financial Institutio_3
Due From Financial Institutions at Amortized Cost - Summary of Details of Due from Financial Institutions (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 29,503,511 | ₩ 28,365,356 |
Due from financial institutions in Korean won | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | 20,074,616 | 19,393,790 |
Due from financial institutions in Korean won | The Bank of Korea | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 15,169,704 | ₩ 15,317,033 |
Interest rate(%) | 0% | 0% |
Due from financial institutions in Korean won | Hana Bank and others | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 3,606,033 | ₩ 3,390,521 |
Due from financial institutions in Korean won | Hana Bank and others | Bottom of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 0% | 0% |
Due from financial institutions in Korean won | Hana Bank and others | Top of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 6% | 6% |
Due from financial institutions in Korean won | NH Investment Securities Co., Ltd. and others | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 1,298,879 | ₩ 686,236 |
Due from financial institutions in Korean won | NH Investment Securities Co., Ltd. and others | Bottom of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 0% | 0% |
Due from financial institutions in Korean won | NH Investment Securities Co., Ltd. and others | Top of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 3.48% | 3.48% |
Due from financial institutions in foreign currencies | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 9,428,895 | ₩ 8,971,566 |
Due from financial institutions in foreign currencies | The Bank of Korea and others | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 5,669,702 | ₩ 6,329,310 |
Due from financial institutions in foreign currencies | The Bank of Korea and others | Bottom of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 0% | 0% |
Due from financial institutions in foreign currencies | The Bank of Korea and others | Top of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 4% | 4% |
Due from financial institutions in foreign currencies | Societe Generale (Paris) and others | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 3,171,975 | ₩ 2,054,474 |
Due from financial institutions in foreign currencies | Societe Generale (Paris) and others | Bottom of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 0% | 0% |
Due from financial institutions in foreign currencies | Societe Generale (Paris) and others | Top of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 8% | 8% |
Due from financial institutions in foreign currencies | Industrial and Commercial Bank of China and others [Member] | ||
Cash And Cash Equivalents [line Items] | ||
Due from financial institutions at amortized cost | ₩ 587,218 | ₩ 587,782 |
Due from financial institutions in foreign currencies | Industrial and Commercial Bank of China and others [Member] | Bottom of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 0% | 0% |
Due from financial institutions in foreign currencies | Industrial and Commercial Bank of China and others [Member] | Top of range [member] | ||
Cash And Cash Equivalents [line Items] | ||
Interest rate(%) | 6.80% | 6.80% |
Due From Financial Institutio_4
Due From Financial Institutions at Amortized Cost - Summary of Restricted Cash and Cash Equivalents (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 21,237,667 | ₩ 20,754,706 |
Due From Financial Institutions In Korean Won [Member] | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | 16,721,641 | 16,649,120 |
Due From Financial Institutions In Korean Won [Member] | The Bank of Korea | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 15,169,704 | ₩ 15,317,033 |
Reason for restriction | Bank of Korea Act | Bank of Korea Act |
Due From Financial Institutions In Korean Won [Member] | Shinhan Bank and others [Member] | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 522,306 | ₩ 803,445 |
Reason for restriction | Net settlement and others | Net settlement and others |
Due From Financial Institutions In Korean Won [Member] | NH Investment Securities Co., Ltd. and others | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 1,029,631 | ₩ 528,642 |
Reason for restriction | Derivatives margin account and others | Derivatives margin account and others |
Due From Financial Institutions In Foreign Currencies [Member] | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 4,516,026 | ₩ 4,105,586 |
Due From Financial Institutions In Foreign Currencies [Member] | Societe Generale Paris And Others | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 2,092,656 | ₩ 1,774,388 |
Reason for restriction | Derivatives margin account and others | Derivatives margin account and others |
Due From Financial Institutions In Foreign Currencies [Member] | Bank of Indonesia and others | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 2,350,933 | ₩ 2,262,610 |
Reason for restriction | Indonesian law and others | Indonesian law and others |
Due From Financial Institutions In Foreign Currencies [Member] | Agricultural Bank of China and others [Member] | ||
Restricted Cash and Cash Equivalents Items [line Items] | ||
Restricted due from financial institutions at amortized cost | ₩ 72,437 | ₩ 68,588 |
Reason for restriction | Bank Act of the State of New York and others | Bank Act of the State of New York and others |
Due From Financial Institutio_5
Due From Financial Institutions at Amortized Cost - Summary of Changes in the Allowances for Due from Financial Institutions Losses (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Transfer between stages: | |||
Reversal of credit losses | ₩ (1,095) | ₩ 8,504 | ₩ 5,234 |
Due from financial institutions measured at amortized cost | 12-month expected credit losses | |||
Disclosure Of Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Line Items [line Items] | |||
Beginning | 2,969 | 2,947 | |
Transfer between stages: | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Impairment | 0 | 0 | |
Reversal of credit losses | (392) | (51) | |
Others | 166 | 73 | |
Ending | 2,743 | 2,969 | 2,947 |
Due from financial institutions measured at amortized cost | Lifetime expected credit losses - Non-impaired | |||
Disclosure Of Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Line Items [line Items] | |||
Beginning | 0 | 34 | |
Transfer between stages: | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Impairment | 0 | 0 | |
Reversal of credit losses | 0 | (35) | |
Others | 0 | 1 | |
Ending | 0 | 0 | 34 |
Due from financial institutions measured at amortized cost | Lifetime expected credit losses - Impaired | |||
Disclosure Of Changes In The Allowances For Due From Financial Institutions At Amortized Cost Losses Line Items [line Items] | |||
Beginning | 0 | 282 | |
Transfer between stages: | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Impairment | 0 | 0 | |
Reversal of credit losses | 0 | (282) | |
Others | 0 | 0 | |
Ending | ₩ 0 | ₩ 0 | ₩ 282 |
Assets pledged as collateral -
Assets pledged as collateral - Schedule of assets pledged as collateral (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Borrowing Securities And Securities Held As Collateral That Group Provides As Collateral For Liabilities Or Contingent Liabilities | ₩ 4,986,339 | ₩ 6,165,555 |
Due from banking institutions | Shinhan Banks and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 1,163,138 | |
Reasons of pledge | Borrowings from bank and others | |
Due from banking institutions | KEB Hana Bank and others [Member] | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 1,263,167 | |
Reasons of pledge | Borrowings from bank and others | |
Financial assets at fair value through profit or loss | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 12,307,197 | ₩ 19,024,219 |
Financial assets at fair value through profit or loss | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 3,841,536 | ₩ 8,689,639 |
Reasons of pledge | Repurchase agreements | Repurchase agreements |
Financial assets at fair value through profit or loss | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 7,063,541 | ₩ 9,294,924 |
Reasons of pledge | Securities borrowing transactions | Securities borrowing transactions |
Financial assets at fair value through profit or loss | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 34,071 | |
Reasons of pledge | Borrowings from the Bank of Korea | |
Financial assets at fair value through profit or loss | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 236,832 | |
Reasons of pledge | Settlement risk of the Bank of Korea | |
Financial assets at fair value through profit or loss | Samsung Futures Inc. and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 1,131,217 | ₩ 1,039,656 |
Reasons of pledge | Derivatives transactions | Derivatives transactions |
Financial assets at fair value through other comprehensive income | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 15,617,922 | ₩ 8,373,487 |
Financial assets at fair value through other comprehensive income | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 5,625,270 | ₩ 2,048,029 |
Reasons of pledge | Repurchase agreements | Repurchase agreements |
Financial assets at fair value through other comprehensive income | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 1,592,460 | ₩ 1,523,593 |
Reasons of pledge | Securities borrowing transactions | Securities borrowing transactions |
Financial assets at fair value through other comprehensive income | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 5,495,686 | ₩ 2,843,426 |
Reasons of pledge | Borrowings from the Bank of Korea | Borrowings from the Bank of Korea |
Financial assets at fair value through other comprehensive income | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 1,782,507 | ₩ 1,249,049 |
Reasons of pledge | Settlement risk of the Bank of Korea | Settlement risk of the Bank of Korea |
Financial assets at fair value through other comprehensive income | Samsung Futures Inc. and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 1,121,999 | ₩ 709,390 |
Reasons of pledge | Derivatives transactions | Derivatives transactions |
Securities measured at amortized cost | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 12,599,895 | ₩ 9,704,231 |
Securities measured at amortized cost | The Korea Securities Depository and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 2,307,499 | ₩ 494,973 |
Reasons of pledge | Repurchase agreements | Repurchase agreements |
Securities measured at amortized cost | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 4,020,539 | ₩ 4,847,855 |
Reasons of pledge | Borrowings from the Bank of Korea | Borrowings from the Bank of Korea |
Securities measured at amortized cost | The Bank of Korea | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 5,047,277 | ₩ 3,948,622 |
Reasons of pledge | Settlement risk of the Bank of Korea | Settlement risk of the Bank of Korea |
Securities measured at amortized cost | Samsung Futures Inc. and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 327,684 | ₩ 144,014 |
Reasons of pledge | Derivatives transactions | Derivatives transactions |
Securities measured at amortized cost | Others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 268,767 | |
Reasons of pledge | Others | |
Securities measured at amortized cost | Korea Exchange and others [Member] | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 896,896 | |
Reasons of pledge | Others | |
Loans | Others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 12,863,079 | ₩ 9,659,575 |
Reasons of pledge | Covered bond and others | Covered bond and others |
Real estate | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 55,485,263 | ₩ 49,523,203 |
Real estate | LGIM COMMERCIAL LENDING Ltd and others | ||
Financial Instruments Owned And Pledged As Collateral [Line Items] | ||
Carrying amount | ₩ 834,003 | ₩ 1,598,553 |
Reasons of pledge | Borrowings from bank and others | Borrowings from bank and others |
Assets pledged as collateral _2
Assets pledged as collateral - Schedule of the fair values of collateral available to sell or repledge And Collateral Sold Or repledged (Details) - Securities - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
The Fair Values Of Collateral Available To Sell Or Repledge And Collateral Sold Or Repledged [Line Items] | ||
Fair value of collateral held | ₩ 3,344,424 | ₩ 6,451,850 |
Fair value of collateral sold or repledged | 0 | 0 |
Total | ₩ 3,344,424 | ₩ 6,451,850 |
Derivative Financial Instrume_3
Derivative Financial Instruments and Hedge Accounting - Summary Of Derivative Financial Instruments (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Fair value hedge | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | ₩ 14,692,854 | ₩ 10,615,352 | |
Assets | 222,825 | 129,726 | |
Liabilities | 130,864 | 93,108 | |
Changes in fair value | (130,695) | (207,934) | |
Cash Flow Hedge | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 7,832,540 | 7,608,514 | |
Assets | 239,138 | 59,102 | |
Liabilities | 155,114 | 70,863 | |
Changes in fair value | 69,151 | 96,491 | |
Hedge of Net Investments in Foreign Operations | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 1,453,591 | 1,364,863 | |
Assets | 0 | 0 | |
Liabilities | 1,372,274 | 1,281,725 | |
Changes in fair value | (104,021) | (88,729) | |
Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 612,301,933 | 549,312,247 | |
Assets | 8,984,171 | 3,532,542 | |
Liabilities | 9,209,537 | 3,509,789 | |
Debentures in foreign currencies | Hedge of Net Investments in Foreign Operations | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 1,361,080 | 1,273,227 | |
Assets | 0 | 0 | |
Liabilities | 1,361,080 | 1,273,227 | |
Changes in fair value | (87,853) | (80,235) | |
Forwards | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 8,261,663 | 4,037,717 | |
Assets | 821,603 | 140,126 | |
Liabilities | 431,002 | 126,610 | |
Futures | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | [1] | 4,450,505 | 6,479,692 |
Assets | [1] | 765 | 1,903 |
Liabilities | [1] | 256 | 2,464 |
Swaps | Fair value hedge | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 13,290,183 | 8,910,139 | |
Assets | 186,258 | 127,290 | |
Liabilities | 104,856 | 38,253 | |
Changes in fair value | (1,244) | (33,227) | |
Swaps | Cash Flow Hedge | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 3,231,288 | 4,553,250 | |
Assets | 101,975 | 12,575 | |
Liabilities | 124 | 9,532 | |
Changes in fair value | 111,902 | 36,164 | |
Swaps | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 359,581,194 | 334,721,395 | |
Assets | 859,670 | 354,686 | |
Liabilities | 694,713 | 397,046 | |
Options | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 10,508,000 | 12,547,000 | |
Assets | 274,596 | 176,274 | |
Liabilities | 272,284 | 199,567 | |
Interest rate | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 382,801,362 | 357,785,804 | |
Assets | 1,956,634 | 672,989 | |
Liabilities | 1,398,255 | 725,687 | |
Swaps | Cash Flow Hedge | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 3,521,600 | 3,055,264 | |
Assets | 116,961 | 46,527 | |
Liabilities | 98,237 | 61,331 | |
Changes in fair value | (6,379) | 60,327 | |
Swaps | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 91,646,725 | 65,028,025 | |
Assets | 3,525,458 | 1,082,873 | |
Liabilities | 4,049,390 | 1,331,597 | |
Swaps | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 6,649,735 | 5,207,198 | |
Assets | 377,840 | 322,888 | |
Liabilities | 492,275 | 132,619 | |
Commodity | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 160,077 | 6,370 | |
Assets | 2,857 | 43 | |
Liabilities | 1,826 | 82 | |
Others | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 1,003,301 | 1,695,540 | |
Assets | 41,859 | 20,904 | |
Liabilities | 313,917 | 117,629 | |
Swaps | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 3,006,114 | 2,602,382 | |
Assets | 32,860 | 18,979 | |
Liabilities | 17,468 | 7,409 | |
Swaps | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 131,500 | 0 | |
Assets | 887 | 0 | |
Liabilities | 885 | 0 | |
Stock and index | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 15,735,752 | 14,437,866 | |
Assets | 583,606 | 432,564 | |
Liabilities | 941,173 | 380,520 | |
Futures | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | [1] | 413,960 | 361,791 |
Assets | [1] | 36 | 464 |
Liabilities | [1] | 2,364 | 877 |
Forwards | Fair value hedge | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 1,402,671 | 1,705,213 | |
Assets | 36,567 | 2,436 | |
Liabilities | 26,008 | 54,855 | |
Changes in fair value | (129,451) | (174,707) | |
Forwards | Cash Flow Hedge | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 1,079,652 | ||
Assets | 20,202 | ||
Liabilities | 56,753 | ||
Changes in fair value | (36,372) | ||
Forwards | Hedge of Net Investments in Foreign Operations | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 92,511 | 91,636 | |
Assets | 0 | 0 | |
Liabilities | 11,194 | 8,498 | |
Changes in fair value | (16,168) | (8,494) | |
Forwards | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 115,682,577 | 105,509,405 | |
Assets | 2,813,603 | 1,296,083 | |
Liabilities | 2,472,119 | 934,944 | |
Options | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 1,852,065 | 1,885,064 | |
Assets | 27,258 | 7,643 | |
Liabilities | 13,025 | 11,044 | |
Currency | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 209,595,327 | 172,784,285 | |
Assets | 6,366,355 | 2,387,063 | |
Liabilities | 6,536,898 | 2,278,462 | |
Futures | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | [1] | 1,828,302 | 1,612,965 |
Assets | [1] | 37,455 | 14,338 |
Liabilities | [1] | 89,624 | 6,530 |
Options | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 7,257,715 | 7,617,703 | |
Assets | 168,311 | 95,338 | |
Liabilities | 359,274 | 241,371 | |
Credit | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | 3,006,114 | 2,602,382 | |
Assets | 32,860 | 18,979 | |
Liabilities | 17,468 | 7,409 | |
Futures | Held For Trading | |||
Disclosure of detailed information about hedging instruments [line items] | |||
Notional amount | [1] | 28,577 | 6,370 |
Assets | [1] | 1,970 | 43 |
Liabilities | [1] | ₩ 941 | ₩ 82 |
[1]Gains or losses arising from some daily mark-to-market futures are reflected in the margin accounts. |
Derivative Financial Instrume_4
Derivative Financial Instruments and Hedge Accounting - Summary of Average of Hedge Ratio for Each Type of Hedge Accounting (Details) | Dec. 31, 2022 | Dec. 31, 2021 |
Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 14,692,854,000,000 | 10,615,352,000,000 |
Average interest rate | 4.43% | 1.18% |
Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,240.59 | 1,150.3 |
Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,387.71 | 1,409.23 |
Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 890.17 | 859.41 |
Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,537.85 | 1,557.47 |
Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 7,832,540,000,000 | 7,608,514,000,000 |
Average interest rate | 3.54% | 1.21% |
Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,202.02 | 1,152.89 |
Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,362.51 | 1,351.76 |
Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 853.4 | 853.4 |
Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 866.14 | 866.14 |
Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 92,511,000,000 | 91,636,000,000 |
Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,071 | 1,071 |
Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,465.26 | 1,465.26 |
1 year | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 5,612,378,000,000 | 2,223,113,000,000 |
Average interest rate | 4.17% | 0.94% |
1 year | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,197.01 | 1,144.74 |
1 year | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,363.42 | 1,359.59 |
1 year | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 886.23 | 859.41 |
1 year | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,617.02 | 1,554.65 |
1 year | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 3,033,420,000,000 | 4,150,546,000,000 |
Average interest rate | 2.90% | 1.01% |
1 year | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,178.13 | 1,159.92 |
1 year | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,321 | 1,312.75 |
1 year | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
1 year | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 866.14 | 0 |
1 year | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 65,012,000,000 | 91,636,000,000 |
1 year | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,071 | 1,071 |
1 year | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 1,465.26 |
2 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 1,921,072,000,000 | 1,423,760,000,000 |
Average interest rate | 4.52% | 1.23% |
2 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,262.56 | 1,154.78 |
2 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,373.32 | 1,363.95 |
2 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 895.76 | 0 |
2 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
2 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 892,720,000,000 | 1,763,372,000,000 |
Average interest rate | 2.60% | 1.51% |
2 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,196.8 | 1,178.13 |
2 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,364 | 1,321 |
2 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 856.4 | 0 |
2 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 866.14 |
2 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 27,499,000,000 | 0 |
2 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
2 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,465.26 | 0 |
3 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 2,701,675,000,000 | 967,376,000,000 |
Average interest rate | 4.64% | 1.04% |
3 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,276.7 | 1,169.72 |
3 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 1,394.84 |
3 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
3 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,535.25 | 0 |
3 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 1,846,139,000,000 | 322,735,000,000 |
Average interest rate | 4.42% | 2.06% |
3 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,166.24 | 1,145.05 |
3 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,374.73 | 1,364 |
3 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 851.5 | 856.4 |
3 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
3 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 0 | 0 |
3 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
3 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 1,883,332,000,000 | 2,153,200,000,000 |
Average interest rate | 4.56% | 1.16% |
4 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,436.86 | 0 |
4 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 1,620.05 |
4 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 771,585,000,000 | 641,733,000,000 |
Average interest rate | 4.62% | 1.87% |
4 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,225.35 | 1,139.4 |
4 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 1,374.73 |
4 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 851.5 |
4 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 0 | 0 |
4 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
4 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 426,551,000,000 | 1,428,673,000,000 |
Average interest rate | 4.36% | 1.06% |
5 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 1,458.92 |
5 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 1,078,676,000,000 | 580,128,000,000 |
Average interest rate | 4.95% | 1.84% |
5 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 1,252.61 | 1,123.13 |
5 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 0 | 0 |
5 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
5 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 2,147,846,000,000 | 2,419,230,000,000 |
Average interest rate | 4.64% | 1.39% |
Over 5 years | Fair value hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Fair value hedge | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Cash Flow Hedge | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 210,000,000,000 | 150,000,000,000 |
Average interest rate | 3.99% | 2.12% |
Over 5 years | Cash Flow Hedge | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Cash Flow Hedge | EUR | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Cash Flow Hedge | AUD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Cash Flow Hedge | SGD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Hedge of net investments in foreign operations | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Nominal amount of the hedging instrument | 0 | 0 |
Over 5 years | Hedge of net investments in foreign operations | USD | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Over 5 years | Hedge of net investments in foreign operations | GBP | ||
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [line items] | ||
Average foreign exchange rate | 0 | 0 |
Derivative Financial Instrume_5
Derivative Financial Instruments and Hedge Accounting - Summary of Hedged Item (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Disclosure of detailed information about hedged items [line items] | ||||
Cash flow hedge reserve | ₩ 31,474 | $ 24,976 | ₩ 20,864 | ₩ (1,264) |
Foreign currency translation reserve | (79,085) | $ (62,757) | (57,935) | ₩ 64,269 |
Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 7,206,193 | 7,638,783 | ||
Carrying amount - Liabilities | 6,916,581 | 3,717,822 | ||
Accumulated amount of hedge adjustments - Assets | (257,245) | 90,612 | ||
Accumulated amount of hedge adjustments - Liabilities | (354,085) | (53,243) | ||
Changes in fair value | 151,997 | 201,845 | ||
Cash Flow Hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Changes in fair value | (92,845) | (23,823) | ||
Cash flow hedge reserve | 23,741 | (7,733) | ||
Debt securities in foreign currencies | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 1,596,049 | 2,443,893 | ||
Carrying amount - Liabilities | 0 | 0 | ||
Accumulated amount of hedge adjustments - Assets | 82,284 | 133,268 | ||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | ||
Changes in fair value | 151,303 | 180,676 | ||
Interest rate | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 5,610,144 | 5,194,890 | ||
Carrying amount - Liabilities | 6,916,581 | 3,717,822 | ||
Accumulated amount of hedge adjustments - Assets | (339,529) | (42,656) | ||
Accumulated amount of hedge adjustments - Liabilities | (354,085) | (53,243) | ||
Changes in fair value | 694 | 21,169 | ||
Interest rate | Cash Flow Hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Changes in fair value | (107,134) | (36,428) | ||
Cash flow hedge reserve | 46,229 | 4,864 | ||
Debt securities in Korean won | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 2,467,171 | 1,627,228 | ||
Carrying amount - Liabilities | 0 | 0 | ||
Accumulated amount of hedge adjustments - Assets | (107,444) | (20,272) | ||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | ||
Changes in fair value | (86,757) | (26,247) | ||
Currency | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 1,596,049 | 2,443,893 | ||
Carrying amount - Liabilities | 0 | 0 | ||
Accumulated amount of hedge adjustments - Assets | 82,284 | 133,268 | ||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | ||
Changes in fair value | 151,303 | 180,676 | ||
Currency | Cash Flow Hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Changes in fair value | 14,289 | 12,605 | ||
Cash flow hedge reserve | (22,488) | (12,597) | ||
Currency | Hedge of net investments in foreign operations | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Changes in fair value | 104,021 | 88,729 | ||
Foreign currency translation reserve | (114,743) | (35,658) | ||
Debt securities in foreign currencies | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 3,142,973 | 3,567,662 | ||
Carrying amount - Liabilities | 0 | 0 | ||
Accumulated amount of hedge adjustments - Assets | (232,085) | (22,384) | ||
Accumulated amount of hedge adjustments - Liabilities | 0 | 0 | ||
Changes in fair value | (215,183) | (71,246) | ||
Deposits in foreign currencies | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 0 | 0 | ||
Carrying amount - Liabilities | 29,429 | 93,521 | ||
Accumulated amount of hedge adjustments - Assets | 0 | 0 | ||
Accumulated amount of hedge adjustments - Liabilities | (8,591) | (1,319) | ||
Changes in fair value | 6,976 | 3,222 | ||
Debentures in Korean won | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 0 | 0 | ||
Carrying amount - Liabilities | 5,690,371 | 2,470,123 | ||
Accumulated amount of hedge adjustments - Assets | 0 | 0 | ||
Accumulated amount of hedge adjustments - Liabilities | (249,629) | (79,877) | ||
Changes in fair value | 171,841 | 70,308 | ||
Debentures in foreign currencies | Fair value hedge | ||||
Disclosure of detailed information about hedged items [line items] | ||||
Carrying amount - Assets | 0 | 0 | ||
Carrying amount - Liabilities | 1,196,781 | 1,154,178 | ||
Accumulated amount of hedge adjustments - Assets | 0 | 0 | ||
Accumulated amount of hedge adjustments - Liabilities | (95,865) | 27,953 | ||
Changes in fair value | ₩ 123,817 | ₩ 45,132 |
Derivative Financial Instrume_6
Derivative Financial Instruments and Hedge Accounting - Summary of Gains and Losses from Hedging Instruments (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Income tax effect | ₩ (26,930) | ₩ (21,534) | ₩ 7,580 |
Income tax effect | 24,936 | 25,599 | (24,500) |
Fair value hedge | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Hedge ineffectiveness recognized in profit or loss | 21,302 | (6,089) | 62,426 |
Gains(losses) on hedging instruments | (101,281) | (187,364) | 89,179 |
Gains (losses) on the hedged items attributable to the hedged risk | 122,552 | 188,556 | (26,899) |
Total | 21,271 | 1,192 | 62,280 |
Interest rate | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Hedge ineffectiveness recognized in profit or loss | (550) | (12,058) | 5,742 |
Currency | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Hedge ineffectiveness recognized in profit or loss | 21,852 | 5,969 | 56,684 |
Cash Flow Hedge | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Gains(losses) on hedging instruments | 69,151 | 96,491 | (55,240) |
Effective portion of gains (losses) on cash flow hedging instruments (recognized in other comprehensive income or loss) | 71,692 | 95,478 | (48,034) |
Ineffective portion of gains (losses) on cash flow hedging instruments (recognized in profit or loss) | (2,541) | 1,013 | (7,206) |
Reclassification to profit or loss | (13,288) | (53,080) | 39,190 |
Income tax effect | (26,930) | (21,534) | 7,580 |
Other comprehensive income (loss) after tax | 31,474 | 20,864 | (1,264) |
Hedge of net investments in foreign operations | |||
Gains And Losses From Hedging Instruments And Hedged Items Attributable To The Hedged [Abstract] | |||
Gains(losses) on hedging instruments | (104,021) | (88,729) | 88,769 |
Effective portion of gains(losses) on hedge of net investments in foreign operations(amount recognized in other comprehensive income) | (104,021) | (88,729) | 88,769 |
Ineffective portion of gains(losses) on hedge of net investments in foreign operations (amount recognized in profit or loss) | 0 | 0 | 0 |
Reclassification to profit or loss | 0 | 5,195 | 0 |
Income tax effect | 24,936 | 25,599 | (24,500) |
Other comprehensive income (loss) after tax | ₩ (79,085) | ₩ (57,935) | ₩ 64,269 |
Derivative Financial Instrume_7
Derivative Financial Instruments and Hedge Accounting - Summary of Fair Value of Non Derivative Financial Instruments (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Hedge of Net Investments in Foreign Operations | ||
Non Derivative Financial Instruments Designated As Hedging Instruments At Fair Value [Line Items] | ||
Debentures in foreign currencies | ₩ 1,211,215 | ₩ 1,275,291 |
Derivative Financial Instrume_8
Derivative Financial Instruments and Hedge Accounting - Summary of Interest Rate Benchmark Reform (Details) - 12 months ended Dec. 31, 2022 ₩ in Millions, $ in Millions | KRW (₩) | USD ($) |
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | ||
Description of Interest Rate Benchmark Reform | The USD LIBOR interest rate will be replaced by the Secured Overnight Financing Rate (“SOFR”) based on actual transactions. In the case of KRW, the Korean government bond/monetary stabilization bond RP rate has been finally decided as the Risk-Free Reference Rate (“RFR”) and will replace the Certificate of Deposit (“CD”) rate in the mid to long-term. Within the corresponding hedging relationship of related significant interest rate benchmark, the Group assumed that the spread to be changed on the RFR basis including SOFR would be similar to that included in the interest rate swap used as a hedging instrument, and no other changes were assumed. | |
KRW CD 3M | ||
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | ||
Description of Interest Rate Benchmark | CD#3M | |
Carrying Amount of Non-derivative Assets | ₩ | ₩ 2,760,791 | |
Carrying Amount of Non-derivative Liabilities | ₩ | 5,690,371 | |
Notional amount of hedging instruments | ₩ | ₩ 6,440,000 | |
USD LIBOR 3M | ||
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | ||
Description of Interest Rate Benchmark | USD#LIBOR#3M | |
Carrying Amount of Non-derivative Assets | $ 1,895 | |
Carrying Amount of Non-derivative Liabilities | 1,385 | |
Notional amount of hedging instruments | 3,753 | |
USD LIBOR 6M | ||
Exposure to Hedging Relationships Related to the Interest Rate Benchmark Reform [Line Items] | ||
Description of Interest Rate Benchmark | USD#LIBOR#6M | |
Carrying Amount of Non-derivative Assets | 167 | |
Carrying Amount of Non-derivative Liabilities | 0 | |
Notional amount of hedging instruments | $ 182 |
Loans Measured at Amortized C_3
Loans Measured at Amortized Cost - Summary of Loans (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Details Of Loans [Line Items] | |||
Loans At Amortized Cost | ₩ 436,530,502 | $ 346,403,293 | ₩ 417,900,273 |
Loans measured at amortized cost | |||
Details Of Loans [Line Items] | |||
Loans At Amortized Cost | 440,137,603 | 420,910,259 | |
Deferred loan origination fees and costs | |||
Details Of Loans [Line Items] | |||
Loans At Amortized Cost | 551,524 | 674,069 | |
Allowances for credit losses | |||
Details Of Loans [Line Items] | |||
Loans At Amortized Cost | ₩ (4,158,625) | ₩ (3,684,055) |
Loans Measured at Amortized C_4
Loans Measured at Amortized Cost - Summary of Loans for other Banks (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Details Of Loans Other Than Banks [Line Items] | ||
Loans to banks | ₩ 9,749,786 | ₩ 8,324,734 |
Loans measured at amortized cost | ||
Details Of Loans Other Than Banks [Line Items] | ||
Loans to banks | 9,751,737 | 8,325,177 |
Allowances for credit losses | ||
Details Of Loans Other Than Banks [Line Items] | ||
Loans to banks | ₩ (1,951) | ₩ (443) |
Loans Measured at Amortized C_5
Loans Measured at Amortized Cost - Summary of Loan Types and Customer Types of Loans to Customers other than Banks (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 426,780,716 | ₩ 409,575,539 |
Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 100% | 100% |
Loans Excluding In Other Than Banks | ₩ 430,937,390 | ₩ 413,259,151 |
Gross Carrying Amount [Member] | Loans in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 358,521,169 | 346,954,285 |
Gross Carrying Amount [Member] | Loans in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 30,720,287 | 24,855,748 |
Gross Carrying Amount [Member] | Domestic import usance bills | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 4,499,072 | 3,311,142 |
Gross Carrying Amount [Member] | Off-shore funding loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 908,266 | 1,064,623 |
Gross Carrying Amount [Member] | Call loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 119,066 | 902,301 |
Gross Carrying Amount [Member] | Bills bought in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 285,727 | 2,209 |
Gross Carrying Amount [Member] | Bills bought in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,780,873 | 2,001,046 |
Gross Carrying Amount [Member] | Guarantee payments under acceptances and guarantees | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 18,460 | 20,780 |
Gross Carrying Amount [Member] | Credit card receivables in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 22,562,217 | 20,766,340 |
Gross Carrying Amount [Member] | Credit card receivables in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 47,376 | 57,980 |
Gross Carrying Amount [Member] | Bonds purchased under repurchase agreements | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 3,028,657 | 4,855,194 |
Gross Carrying Amount [Member] | Privately placed bonds | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 853,986 | 758,557 |
Gross Carrying Amount [Member] | Factored receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 115 | 571 |
Gross Carrying Amount [Member] | Lease receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,134,483 | 1,292,139 |
Gross Carrying Amount [Member] | Loans for installment credit | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 6,457,636 | 6,416,236 |
Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | (4,156,674) | (3,683,612) |
Retail | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 190,949,337 | ₩ 194,902,083 |
Retail | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 44.62% | 47.40% |
Loans Excluding In Other Than Banks | ₩ 192,284,725 | ₩ 195,907,078 |
Retail | Gross Carrying Amount [Member] | Loans in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 181,125,018 | 184,872,384 |
Retail | Gross Carrying Amount [Member] | Loans in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 4,668,207 | 3,990,253 |
Retail | Gross Carrying Amount [Member] | Domestic import usance bills | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Off-shore funding loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Call loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Bills bought in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Bills bought in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Guarantee payments under acceptances and guarantees | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1 | 7 |
Retail | Gross Carrying Amount [Member] | Credit card receivables in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Credit card receivables in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Bonds purchased under repurchase agreements | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Privately placed bonds | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Retail | Gross Carrying Amount [Member] | Factored receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 111 | 113 |
Retail | Gross Carrying Amount [Member] | Lease receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 576,165 | 778,425 |
Retail | Gross Carrying Amount [Member] | Loans for installment credit | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 5,915,223 | 6,265,896 |
Retail | Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | (1,335,388) | (1,004,995) |
Corporate | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 214,059,628 | ₩ 194,641,280 |
Corporate | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 50.13% | 47.56% |
Loans Excluding In Other Than Banks | ₩ 216,043,072 | ₩ 196,527,753 |
Corporate | Gross Carrying Amount [Member] | Loans in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 177,396,151 | 162,081,901 |
Corporate | Gross Carrying Amount [Member] | Loans in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 26,052,080 | 20,865,495 |
Corporate | Gross Carrying Amount [Member] | Domestic import usance bills | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 4,499,072 | 3,311,142 |
Corporate | Gross Carrying Amount [Member] | Off-shore funding loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 908,266 | 1,064,623 |
Corporate | Gross Carrying Amount [Member] | Call loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 119,066 | 902,301 |
Corporate | Gross Carrying Amount [Member] | Bills bought in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 285,727 | 2,209 |
Corporate | Gross Carrying Amount [Member] | Bills bought in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 1,780,873 | 2,001,046 |
Corporate | Gross Carrying Amount [Member] | Guarantee payments under acceptances and guarantees | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 18,459 | 20,773 |
Corporate | Gross Carrying Amount [Member] | Credit card receivables in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Corporate | Gross Carrying Amount [Member] | Credit card receivables in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Corporate | Gross Carrying Amount [Member] | Bonds purchased under repurchase agreements | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 3,028,657 | 4,855,194 |
Corporate | Gross Carrying Amount [Member] | Privately placed bonds | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 853,986 | 758,557 |
Corporate | Gross Carrying Amount [Member] | Factored receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 4 | 458 |
Corporate | Gross Carrying Amount [Member] | Lease receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 558,318 | 513,714 |
Corporate | Gross Carrying Amount [Member] | Loans for installment credit | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 542,413 | 150,340 |
Corporate | Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | (1,983,444) | (1,886,473) |
Credit card | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ 21,771,751 | ₩ 20,032,176 |
Credit card | Gross Carrying Amount [Member] | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Proportions (%) | 5.25% | 5.04% |
Loans Excluding In Other Than Banks | ₩ 22,609,593 | ₩ 20,824,320 |
Credit card | Gross Carrying Amount [Member] | Loans in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Loans in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Domestic import usance bills | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Off-shore funding loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Call loans | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Bills bought in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Bills bought in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Guarantee payments under acceptances and guarantees | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Credit card receivables in Korean won | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 22,562,217 | 20,766,340 |
Credit card | Gross Carrying Amount [Member] | Credit card receivables in foreign currencies | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 47,376 | 57,980 |
Credit card | Gross Carrying Amount [Member] | Bonds purchased under repurchase agreements | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Privately placed bonds | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Factored receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Lease receivables | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Gross Carrying Amount [Member] | Loans for installment credit | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | 0 | 0 |
Credit card | Allowances for credit losses | ||
Details Of Loans Excluding In Other Than Banks [Line Items] | ||
Loans Excluding In Other Than Banks | ₩ (837,842) | ₩ (792,144) |
Loans Measured at Amortized C_6
Loans Measured at Amortized Cost - Summary of Changes in Deferred Loan Origination Fees and Costs (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Deferred Loan Origination Fees And Costs [Line Items] | |||
Increase | ₩ 257,230 | ₩ 418,884 | |
Beginning | 674,069 | 716,327 | |
Decrease | (377,316) | (457,516) | |
Others | (2,459) | (3,626) | |
Ending | 551,524 | 674,069 | |
Deferred loan origination costs | |||
Deferred Loan Origination Fees And Costs [Line Items] | |||
Increase | 330,255 | 463,460 | |
Beginning | 744,599 | 769,547 | |
Decrease | (428,163) | (488,404) | |
Others | 4 | (4) | |
Ending | 646,695 | 744,599 | |
Deferred loan origination costs - Loans in Korean won | |||
Deferred Loan Origination Fees And Costs [Line Items] | |||
Increase | 291,342 | 418,732 | |
Beginning | 667,904 | 673,957 | |
Decrease | (380,718) | (424,785) | |
Others | 0 | 0 | |
Ending | 578,528 | 667,904 | |
Deferred loan origination costs - Others | |||
Deferred Loan Origination Fees And Costs [Line Items] | |||
Increase | [1] | 38,913 | 44,728 |
Beginning | [1] | 76,695 | 95,590 |
Decrease | [1] | (47,445) | (63,619) |
Others | [1] | 4 | (4) |
Ending | [1] | 68,167 | 76,695 |
Deferred loan origination fees | |||
Deferred Loan Origination Fees And Costs [Line Items] | |||
Increase | 73,025 | 44,576 | |
Beginning | 70,530 | 53,220 | |
Decrease | (50,847) | (30,888) | |
Others | 2,463 | 3,622 | |
Ending | 95,171 | 70,530 | |
Deferred loan origination fees - Others | |||
Deferred Loan Origination Fees And Costs [Line Items] | |||
Increase | [2] | 49,245 | 32,667 |
Beginning | [2] | 53,029 | 44,072 |
Decrease | [2] | (37,730) | (27,332) |
Others | [2] | 2,463 | 3,622 |
Ending | [2] | 67,007 | 53,029 |
Deferred loan origination fees - Loans in Korean won | |||
Deferred Loan Origination Fees And Costs [Line Items] | |||
Increase | 23,780 | 11,909 | |
Beginning | 17,501 | 9,148 | |
Decrease | (13,117) | (3,556) | |
Others | 0 | 0 | |
Ending | ₩ 28,164 | ₩ 17,501 | |
[1]Includes deferred loan origination costs related to credit card receivables, loans for installment credit, and finance lease receivables.[2]Includes deferred loan origination fees related to loans in foreign currencies executed by PT Bank KB Bukopin Tbk and PRASAC Microfinance Institution Plc. |
Allowances for Credit Losses -
Allowances for Credit Losses - Summary of Changes in the Allowances for Loan Losses (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Provision (reversal) for credit losses | ₩ (1,095) | ₩ 8,504 | ₩ 5,234 | |
Gain on recovery of loans and advances previously written off | 415,998 | 387,860 | ||
Borrowings | 9,830,171 | 9,945,130 | ||
Loans measured at amortized cost | Retail | 12-month expected credit losses | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 473,983 | 403,805 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | 129,975 | 125,634 | ||
Transfer to lifetime expected credit losses | (102,988) | (97,040) | ||
Impairment | (6,042) | (6,312) | ||
Write-offs | 0 | 0 | ||
Sales | (810) | (1,112) | ||
Provision (reversal) for credit losses | [1],[2] | 108,300 | 40,616 | |
Business combination | 8,315 | |||
Others (exchange differences, etc.) | (1,332) | 77 | ||
Ending | 601,086 | 473,983 | 403,805 | |
Loans measured at amortized cost | Retail | Non-impaired | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 241,871 | 240,578 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | (122,881) | (120,132) | ||
Transfer to lifetime expected credit losses | 122,804 | 115,427 | ||
Impairment | (52,137) | (49,244) | ||
Write-offs | 12 | |||
Recoveries from written off loans | (1) | |||
Sales | (163) | (53) | ||
Provision (reversal) for credit losses | [1],[2] | 94,535 | 52,528 | |
Business combination | 2,223 | |||
Others (exchange differences, etc.) | (647) | 532 | ||
Ending | 283,381 | 241,871 | 240,578 | |
Loans measured at amortized cost | Retail | Impaired | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 289,141 | 265,705 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | (7,094) | (5,502) | ||
Transfer to lifetime expected credit losses | (19,816) | (18,387) | ||
Impairment | 58,179 | 55,556 | ||
Write-offs | (448,376) | (411,083) | ||
Sales | (5,689) | (3,592) | ||
Provision (reversal) for credit losses | [1],[2] | 595,991 | 397,492 | |
Business combination | 7,194 | |||
Others (exchange differences, etc.) | (11,415) | 1,758 | ||
Ending | 450,921 | 289,141 | 265,705 | |
Loans measured at amortized cost | Corporate | 12-month expected credit losses | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 447,798 | 368,782 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | 127,679 | 133,798 | ||
Transfer to lifetime expected credit losses | (93,169) | (71,902) | ||
Impairment | (13,524) | (2,942) | ||
Write-offs | 0 | 0 | ||
Sales | (103) | (179) | ||
Provision (reversal) for credit losses | [1],[2] | 49,789 | 14,299 | |
Business combination | 0 | |||
Others (exchange differences, etc.) | 3,701 | 5,942 | ||
Ending | 522,171 | 447,798 | 368,782 | |
Loans measured at amortized cost | Corporate | Non-impaired | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 478,154 | 410,937 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | (120,619) | (71,772) | ||
Transfer to lifetime expected credit losses | 125,031 | 92,245 | ||
Impairment | (48,220) | (42,158) | ||
Write-offs | (3) | (3) | ||
Sales | (145) | 0 | ||
Provision (reversal) for credit losses | [1],[2] | 126,627 | 88,230 | |
Business combination | 0 | |||
Others (exchange differences, etc.) | 1,111 | 675 | ||
Ending | 561,936 | 478,154 | 410,937 | |
Loans measured at amortized cost | Corporate | Impaired | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 960,964 | 892,061 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | (7,060) | (62,026) | ||
Transfer to lifetime expected credit losses | (31,862) | (20,343) | ||
Impairment | 61,744 | 45,100 | ||
Write-offs | (617,332) | (239,815) | ||
Sales | (70,603) | (16,257) | ||
Provision (reversal) for credit losses | [1],[2] | 690,534 | 338,746 | |
Business combination | 1,654 | |||
Others (exchange differences, etc.) | (85,097) | 21,844 | ||
Ending | 901,288 | 960,964 | 892,061 | |
Loans measured at amortized cost | Credit card | 12-month expected credit losses | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 175,168 | 205,157 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | 57,128 | 45,938 | ||
Transfer to lifetime expected credit losses | (23,042) | (34,208) | ||
Impairment | (2,129) | (2,228) | ||
Write-offs | 0 | 0 | ||
Sales | 0 | 0 | ||
Provision (reversal) for credit losses | [1],[2] | (43,497) | (39,533) | |
Business combination | 0 | |||
Others (exchange differences, etc.) | (443) | 42 | ||
Ending | 163,185 | 175,168 | 205,157 | |
Loans measured at amortized cost | Credit card | Non-impaired | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 322,649 | 234,219 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | (50,836) | (44,858) | ||
Transfer to lifetime expected credit losses | 24,324 | 35,846 | ||
Impairment | (19,219) | (12,580) | ||
Write-offs | 0 | 0 | ||
Sales | 0 | 0 | ||
Provision (reversal) for credit losses | [1],[2] | 77,418 | 110,022 | |
Business combination | 0 | |||
Others (exchange differences, etc.) | (21) | 0 | ||
Ending | 354,315 | 322,649 | 234,219 | |
Loans measured at amortized cost | Credit card | Impaired | ||||
Disclosure Of Changes In The Allowance Account For Credit Losses Of Loans [Line Items] | ||||
Beginning | 294,327 | 262,119 | ||
Changes In Allowance Account For Credit Losses Of Loans [Abstract] | ||||
Transfer to 12-month expected credit losses | (6,292) | (1,080) | ||
Transfer to lifetime expected credit losses | (1,282) | (1,638) | ||
Impairment | 21,348 | 14,808 | ||
Write-offs | (450,389) | (440,721) | ||
Sales | 0 | 0 | ||
Provision (reversal) for credit losses | [1],[2] | 480,849 | 474,041 | |
Business combination | 0 | |||
Others (exchange differences, etc.) | (18,219) | (13,202) | ||
Ending | ₩ 320,342 | ₩ 294,327 | ₩ 262,119 | |
[1]Includes ₩ 387,860 million and ₩ 415,998 million of collections from written-off loans for the years ended December 31, 2021 and 2022, respectively.[2]Provision for credit losses in the consolidated statements of comprehensive income also includes provision (reversal) for credit losses of due from financial institutions (Note 7.3), provision (reversal) for credit losses of financial investments (Note 12.5), provision (reversal) for credit losses of unused commitments, acceptances and guarantees (Note 24.2), provision (reversal) for credit losses of financial guarantee contracts (Note 24.3), and provision (reversal) for credit losses of other financial assets (Note 19.2). |
Allowances for Credit Losses _2
Allowances for Credit Losses - Summary of Changes in the Book Value of Loans at Amortized Cost (Details) - Loans measured at amortized cost - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
12-month expected credit losses | ||
Disclosure Of Changes In The Book Value Of Loans At Amortized Cost [Line Items] | ||
Beginning | ₩ 385,317,491 | ₩ 348,518,780 |
Changes In The Book Value Of Loans At Amortized Cost [Abstract] | ||
Transfer to 12-month expected credit losses | 34,445,894 | 31,046,440 |
Transfer to lifetime expected credit losses (non-impaired) | (38,397,090) | (36,815,970) |
Transfer to lifetime expected credit losses (impaired) | (1,127,437) | (668,120) |
Sales | (3,182,398) | (2,892,774) |
Write-offs | 0 | 0 |
Business combination | 116,067 | |
Net increase (decrease) (execution, repayment, and others) | 25,587,528 | 46,013,068 |
Ending | 402,643,988 | 385,317,491 |
Lifetime expected credit losses - Non-impaired | ||
Disclosure Of Changes In The Book Value Of Loans At Amortized Cost [Line Items] | ||
Beginning | 32,778,737 | 28,504,202 |
Changes In The Book Value Of Loans At Amortized Cost [Abstract] | ||
Transfer to 12-month expected credit losses | (34,282,273) | (30,615,747) |
Transfer to lifetime expected credit losses (non-impaired) | 38,818,713 | 37,276,737 |
Transfer to lifetime expected credit losses (impaired) | (1,478,968) | (1,486,835) |
Sales | (15,961) | (8,541) |
Write-offs | (4) | 9 |
Business combination | 3,924 | |
Net increase (decrease) (execution, repayment, and others) | (1,325,731) | (895,012) |
Ending | 34,494,513 | 32,778,737 |
Lifetime expected credit losses - Impaired | ||
Disclosure Of Changes In The Book Value Of Loans At Amortized Cost [Line Items] | ||
Beginning | 3,488,100 | 3,427,365 |
Changes In The Book Value Of Loans At Amortized Cost [Abstract] | ||
Transfer to 12-month expected credit losses | (163,621) | (430,693) |
Transfer to lifetime expected credit losses (non-impaired) | (421,623) | (460,767) |
Transfer to lifetime expected credit losses (impaired) | 2,606,405 | 2,154,955 |
Sales | (270,541) | (151,714) |
Write-offs | (1,516,097) | (1,091,619) |
Business combination | 12,808 | |
Net increase (decrease) (execution, repayment, and others) | (171,997) | 27,765 |
Ending | ₩ 3,550,626 | ₩ 3,488,100 |
Financial Assets at Fair Valu_3
Financial Assets at Fair Value through Profit or Loss and Financial Investments - Summary of Financial Assets at Fair Value Through Profit or Loss and Financial Investments (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | ₩ 64,935,344 | $ 51,528,626 | ₩ 66,005,815 |
Financial Investments [Abstract] | |||
Financial investments | 116,588,575 | $ 92,517,398 | 104,847,871 |
Financial assets at fair value through profit or loss | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 64,935,344 | 66,005,815 | |
Financial assets at fair value through profit or loss | Government and public bonds | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 8,405,662 | 8,294,084 | |
Financial assets at fair value through profit or loss | Financial bonds | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 12,121,116 | 16,887,594 | |
Financial assets at fair value through profit or loss | Corporate bonds | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 4,289,284 | 5,433,010 | |
Financial assets at fair value through profit or loss | Asset-backed securities | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 164,543 | 197,865 | |
Financial assets at fair value through profit or loss | Beneficiary certificates | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 18,320,226 | 15,849,129 | |
Financial assets at fair value through profit or loss | Derivatives linked securities | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 1,713,779 | 1,543,188 | |
Financial assets at fair value through profit or loss | Other debt securities | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 16,773,117 | 14,797,822 | |
Financial assets at fair value through profit or loss | Other due from financial institutions | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 69,469 | 200,742 | |
Financial assets at fair value through profit or loss | Others | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 90,006 | 113,622 | |
Financial assets at fair value through profit or loss | Stocks | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 1,880,611 | 1,804,507 | |
Financial assets at fair value through profit or loss | Other equity securities | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 613,969 | 614,956 | |
Financial assets at fair value through profit or loss | Privately placed bonds | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 158,731 | 230,006 | |
Financial assets at fair value through profit or loss | Other loans | |||
Financial assets at fair value through profit or loss [abstract] | |||
Financial assets at fair value through profit or loss | 334,831 | 39,290 | |
Financial assets at fair value through other comprehensive income | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 58,299,841 | 60,376,243 | |
Financial assets at fair value through other comprehensive income | Government and public bonds | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 15,974,281 | 14,317,477 | |
Financial assets at fair value through other comprehensive income | Financial bonds | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 20,632,077 | 21,928,735 | |
Financial assets at fair value through other comprehensive income | Corporate bonds | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 18,282,144 | 18,986,005 | |
Financial assets at fair value through other comprehensive income | Asset-backed securities | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 436,840 | 996,428 | |
Financial assets at fair value through other comprehensive income | Other debt securities | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 284,977 | 30,866 | |
Financial assets at fair value through other comprehensive income | Stocks | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 1,907,737 | 3,588,415 | |
Financial assets at fair value through other comprehensive income | Equity investments | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 17,096 | 27,211 | |
Financial assets at fair value through other comprehensive income | Other equity securities | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 401,545 | 187,502 | |
Financial assets at fair value through other comprehensive income | Privately placed bonds | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 363,144 | 299,634 | |
Financial assets at fair value through other comprehensive income | Other loans | |||
Financial Investments [Abstract] | |||
Financial assets at fair value through other comprehensive income | 0 | 13,970 | |
Financial assets at amortized cost | |||
Financial Investments [Abstract] | |||
Financial assets at amortized cost | 58,288,734 | 44,471,628 | |
Financial assets at amortized cost | Government and public bonds | |||
Financial Investments [Abstract] | |||
Financial assets at amortized cost | 23,180,348 | 21,447,622 | |
Financial assets at amortized cost | Financial bonds | |||
Financial Investments [Abstract] | |||
Financial assets at amortized cost | 11,325,479 | 3,850,954 | |
Financial assets at amortized cost | Corporate bonds | |||
Financial Investments [Abstract] | |||
Financial assets at amortized cost | 15,770,225 | 12,246,441 | |
Financial assets at amortized cost | Asset-backed securities | |||
Financial Investments [Abstract] | |||
Financial assets at amortized cost | 7,654,857 | 6,899,675 | |
Financial assets at amortized cost | Other debt securities | |||
Financial Investments [Abstract] | |||
Financial assets at amortized cost | 363,985 | 31,105 | |
Financial assets at amortized cost | Allowances for credit losses | |||
Financial Investments [Abstract] | |||
Financial assets at amortized cost | ₩ (6,160) | ₩ (4,169) |
Financial Assets at Fair Valu_4
Financial Assets at Fair Value through Profit or Loss and Financial Investments - Summary of Dividend Incomes from the Equity Securities (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
From the equity securities derecognized | ₩ 0 | ₩ 7,478 |
From the equity securities held | 36,675 | 26,326 |
Listed | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
From the equity securities derecognized | 0 | 7,106 |
From the equity securities held | 976 | 300 |
Equity investments | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
From the equity securities derecognized | 0 | 0 |
From the equity securities held | 0 | 114 |
Unlisted | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
From the equity securities derecognized | 0 | 372 |
From the equity securities held | 20,658 | 19,035 |
Other equity securities | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
From the equity securities derecognized | 0 | 0 |
From the equity securities held | ₩ 15,041 | ₩ 6,877 |
Financial Assets at Fair Valu_5
Financial Assets at Fair Value through Profit or Loss and Financial Investments - Summary of Derecognized Equity Securities Measured at Fair Value Through Other Comprehensive Income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Disposal price | ₩ 425,736 | ₩ 580,865 |
Accumulated other comprehensive income (loss) as of disposal date | 335,203 | (308,868) |
Listed | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Disposal price | 425,736 | 575,288 |
Accumulated other comprehensive income (loss) as of disposal date | 335,203 | (313,427) |
Unlisted | ||
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [line items] | ||
Disposal price | 0 | 5,577 |
Accumulated other comprehensive income (loss) as of disposal date | ₩ 0 | ₩ 4,559 |
Financial Assets at Fair Valu_6
Financial Assets at Fair Value through Profit or Loss and Financial Investments - Summary of Provision and Reversal for the Allowance of Financial Investments (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments [Line Items] | |||
Provision | ₩ 4,889 | ₩ 9,595 | ₩ 6,415 |
Reversal | (5,984) | (1,091) | (1,181) |
Total | (1,095) | 8,504 | 5,234 |
Securities measured at fair value through other comprehensive income | |||
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments [Line Items] | |||
Provision | 2,009 | 7,466 | 4,297 |
Reversal | (4,896) | (385) | (229) |
Total | (2,887) | 7,081 | 4,068 |
Loans measured at fair value through other comprehensive income | |||
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments [Line Items] | |||
Provision | 72 | 237 | 202 |
Reversal | (260) | (15) | (316) |
Total | (188) | 222 | (114) |
Securities measured at amortized cost | |||
Disclosure Of Provision And Reversal For The Allowance Of Financial Investments [Line Items] | |||
Provision | 2,808 | 1,892 | 1,916 |
Reversal | (828) | (691) | (636) |
Total | ₩ 1,980 | ₩ 1,201 | ₩ 1,280 |
Financial Assets at Fair Valu_7
Financial Assets at Fair Value through Profit or Loss and Financial Investments - Summary of Changes in the Allowances for Credit Losses of Financial Investments (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Provision (reversal) for credit losses | ₩ (1,095) | ₩ 8,504 | ₩ 5,234 |
Financial assets at fair value through profit or loss and financial investments | Non-impaired | |||
Disclosure Of Changes In The Allowances For Credit Losses Of Financial Investments [Line Items] | |||
Beginning | 28 | 39 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Sales | (20) | (4) | |
Provision (reversal) for credit losses | 263 | (11) | |
Others | 0 | 4 | |
Ending | 271 | 28 | 39 |
Financial assets at fair value through profit or loss and financial investments | 12-month expected credit losses | |||
Disclosure Of Changes In The Allowances For Credit Losses Of Financial Investments [Line Items] | |||
Beginning | 16,820 | 9,908 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Sales | (533) | (1,568) | |
Provision (reversal) for credit losses | (1,358) | 8,512 | |
Others | 255 | (32) | |
Ending | 15,184 | 16,820 | 9,908 |
Financial assets at fair value through profit or loss and financial investments | Impaired | |||
Disclosure Of Changes In The Allowances For Credit Losses Of Financial Investments [Line Items] | |||
Beginning | 76 | 73 | |
Changes In The Allowances For Credit Losses Of Financial Investments [Abstract] | |||
Transfer to 12-month expected credit losses | 0 | 0 | |
Transfer to lifetime expected credit losses | 0 | 0 | |
Sales | 0 | 0 | |
Provision (reversal) for credit losses | 0 | 3 | |
Others | 0 | 0 | |
Ending | ₩ 76 | ₩ 76 | ₩ 73 |
Investments in Associates and_3
Investments in Associates and Joint Ventures - Summary of Investments in Associates and Joint Ventures (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2020 KRW (₩) | |||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Acquistion cost | ₩ 743,867 | ₩ 598,590 | ||||||
Share of net asset amount | 558,981 | 410,457 | ||||||
Carrying amount | 682,670 | [1] | ₩ 448,718 | [1] | $ 541,724 | ₩ 771,435 | [1] | |
KB Pre IPO Secondary Venture Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 15.19% | ||||||
Acquistion cost | [2] | ₩ 259 | ||||||
Share of net asset amount | [2],[3] | 1,622 | ||||||
Carrying amount | [1] | ₩ 0 | ₩ 1,622 | [2],[3] | 1,279 | |||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | |||||||
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 66.66% | 66.66% | |||||
Acquistion cost | [4] | ₩ 3,601 | ₩ 8,801 | |||||
Share of net asset amount | [3],[4] | 5,978 | 11,789 | |||||
Carrying amount | [1] | ₩ 5,978 | [3],[4] | ₩ 11,789 | [3],[4] | 16,042 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
Balhae Infrastructure Company | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 12.61% | 12.61% | |||||
Acquistion cost | [2] | ₩ 96,516 | ₩ 105,924 | |||||
Share of net asset amount | [2],[3] | 90,653 | 99,785 | |||||
Carrying amount | [1] | ₩ 90,617 | [2],[3] | ₩ 99,785 | [2],[3] | 106,624 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
Aju Good Technology Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 38.47% | 38.46% | ||||||
Acquistion cost | ₩ 8,143 | ₩ 12,343 | ||||||
Share of net asset amount | [3] | 19,840 | 22,921 | |||||
Carrying amount | [1] | ₩ 19,836 | [3] | ₩ 22,921 | [3] | 21,348 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
SY Auto Capital Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 49% | 49% | ||||||
Acquistion cost | ₩ 9,800 | ₩ 9,800 | ||||||
Share of net asset amount | [3] | 20,250 | 19,835 | |||||
Carrying amount | [1] | ₩ 19,162 | [3] | ₩ 18,222 | [3] | 16,144 | ||
Industry | Auto loans | Auto loans | ||||||
Location | Korea | Korea | ||||||
Incheon Bridge Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 14.99% | 14.99% | |||||
Acquistion cost | [2] | ₩ 9,158 | ₩ 9,158 | |||||
Share of net asset amount | [2],[3] | (15,963) | (19,481) | |||||
Carrying amount | [1] | ₩ 0 | [2],[3] | ₩ 0 | [2],[3] | 0 | ||
Industry | [2] | Operation of highways and related facilities | Operation of highways and related facilities | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
Big Dipper Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 17.86% | 25.14% | |||||
Acquistion cost | [2] | ₩ 440 | ₩ 440 | |||||
Share of net asset amount | [2],[3] | 60 | (147) | |||||
Carrying amount | [1] | ₩ 60 | [2],[3] | ₩ 0 | [2],[3] | 0 | ||
Industry | [2] | Research, consulting, and big data | Research, consulting, and big data | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
Paycoms Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [5] | 12.24% | 11.05% | |||||
Acquistion cost | [5] | ₩ 800 | ₩ 800 | |||||
Share of net asset amount | [3],[5] | 201 | 181 | |||||
Carrying amount | [1] | ₩ 213 | [3],[5] | ₩ 525 | [3],[5] | 198 | ||
Industry | [5] | System software publishing | System software publishing | |||||
Location | [5] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | The ownership of Paycoms Co., Ltd. would be 21.84% and 21.68% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. | The ownership of Paycoms Co., Ltd. would be 21.84% and 21.68% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. | ||||||
Food Factory Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [6] | 22.22% | 22.22% | |||||
Acquistion cost | [6] | ₩ 1,000 | ₩ 1,000 | |||||
Share of net asset amount | [3],[6] | 696 | 633 | |||||
Carrying amount | [1] | ₩ 1,399 | [3],[6] | ₩ 1,320 | [3],[6] | 1,281 | ||
Industry | [6] | Farm product distribution | Farm product distribution | |||||
Location | [6] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. | The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds. | ||||||
KBSP Private Equity Fund No.4 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 14.95% | 14.95% | |||||
Acquistion cost | [2] | ₩ 6,100 | ₩ 6,100 | |||||
Share of net asset amount | [2],[3] | 1,892 | 5,628 | |||||
Carrying amount | [1] | ₩ 1,892 | [2],[3] | ₩ 5,628 | [2],[3] | 5,950 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
Korea Credit Bureau Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 9% | 9% | |||||
Acquistion cost | [2] | ₩ 4,500 | ₩ 4,500 | |||||
Share of net asset amount | [2],[3] | 4,959 | 4,497 | |||||
Carrying amount | [1] | ₩ 4,959 | [2],[3] | ₩ 4,497 | [2],[3] | 7,153 | ||
Industry | [2] | Credit information | Credit information | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
KB-Solidus Global Healthcare Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 43.33% | 43.33% | |||||
Acquistion cost | [4] | ₩ 25,927 | ₩ 45,557 | |||||
Share of net asset amount | [3],[4] | 21,735 | 48,201 | |||||
Carrying amount | [1] | ₩ 22,432 | [3],[4] | ₩ 48,898 | [3],[4] | 46,213 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
POSCO-KB Shipbuilding Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 31.25% | 31.25% | ||||||
Acquistion cost | ₩ 1,826 | ₩ 2,776 | ||||||
Share of net asset amount | [3] | 4,798 | 5,413 | |||||
Carrying amount | [1] | ₩ 4,798 | [3] | ₩ 5,413 | [3] | 12,895 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB-TS Technology Venture Private Equity Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 56% | 56% | |||||
Acquistion cost | [4] | ₩ 9,744 | ₩ 14,280 | |||||
Share of net asset amount | [3],[4] | 13,794 | 16,828 | |||||
Carrying amount | [1] | ₩ 13,794 | [3],[4] | ₩ 16,828 | [3],[4] | 17,630 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 42.55% | 42.55% | |||||
Acquistion cost | [4] | ₩ 12,450 | ₩ 25,250 | |||||
Share of net asset amount | [3],[4] | 17,801 | 29,669 | |||||
Carrying amount | [1] | ₩ 17,051 | [3],[4] | ₩ 28,919 | [3],[4] | 26,763 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
KB-SJ Tourism Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 18.52% | 18.52% | |||||
Acquistion cost | [2] | ₩ 4,599 | ₩ 4,999 | |||||
Share of net asset amount | [2],[3] | 3,773 | 4,146 | |||||
Carrying amount | [1] | ₩ 3,773 | [2],[3] | ₩ 4,146 | [2],[3] | 4,133 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
UNION Media Commerce Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 28.99% | 28.99% | ||||||
Acquistion cost | ₩ 1,000 | ₩ 1,000 | ||||||
Share of net asset amount | [3] | 957 | 959 | |||||
Carrying amount | [1] | ₩ 957 | [3] | ₩ 959 | [3] | 960 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB-Stonebridge Secondary Private Equity Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 14.56% | 14.56% | |||||
Acquistion cost | [2] | ₩ 23,801 | ₩ 21,641 | |||||
Share of net asset amount | [2],[3] | 25,144 | 21,948 | |||||
Carrying amount | [1] | ₩ 25,144 | [2],[3] | ₩ 21,948 | [2],[3] | 16,636 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
KB SPROTT Renewable Private Equity Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 37.69% | 37.69% | |||||
Acquistion cost | [4] | ₩ 18,041 | ₩ 5,795 | |||||
Share of net asset amount | [3],[4] | 16,539 | 4,680 | |||||
Carrying amount | [1] | ₩ 16,539 | [3],[4] | ₩ 4,680 | [3],[4] | 5,049 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
KB-UTC Inno-Tech Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 44.29% | 44.29% | |||||
Acquistion cost | [4] | ₩ 21,375 | ₩ 21,375 | |||||
Share of net asset amount | [3],[4] | 19,180 | 20,972 | |||||
Carrying amount | [1] | ₩ 19,180 | [3],[4] | ₩ 20,972 | [3],[4] | 16,999 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
WJ Private Equity Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 26.95% | 26.95% | ||||||
Acquistion cost | ₩ 10,000 | ₩ 10,000 | ||||||
Share of net asset amount | [3] | 9,542 | 9,604 | |||||
Carrying amount | [1] | ₩ 9,542 | [3] | ₩ 9,604 | [3] | 9,711 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
All Together Korea Fund No.2 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [7] | 99.99% | 99.99% | |||||
Acquistion cost | [7] | ₩ 10,000 | ₩ 10,000 | |||||
Share of net asset amount | [3],[7] | 10,244 | 10,070 | |||||
Carrying amount | [1] | ₩ 10,244 | [3],[7] | ₩ 10,070 | [3],[7] | 10,023 | ||
Industry | [7] | Asset management | Asset management | |||||
Location | [7] | Korea | Korea | |||||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 12% | 12% | |||||
Acquistion cost | [2] | ₩ 10,006 | ₩ 13,392 | |||||
Share of net asset amount | [2],[3] | 12,554 | 15,254 | |||||
Carrying amount | [1] | ₩ 12,554 | [2],[3] | ₩ 15,254 | [2],[3] | 5,611 | ||
Industry | [2] | Asset management | Asset management | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
Project Vanilla Co., Ltd. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 49% | |||||||
Acquistion cost | ₩ 2,450 | |||||||
Share of net asset amount | [3] | 525 | ||||||
Carrying amount | [1] | ₩ 0 | ₩ 525 | [3] | 2,151 | |||
Industry | Investment finance | |||||||
Location | Korea | |||||||
December & Company Inc. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 16.78% | 16.78% | |||||
Acquistion cost | [2] | ₩ 29,951 | ₩ 25,330 | |||||
Share of net asset amount | [2],[3] | 3,735 | 9,054 | |||||
Carrying amount | [1] | ₩ 16,029 | [2],[3] | ₩ 21,388 | [2],[3] | 24,402 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
2020 KB Fintech Renaissance Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 5.05% | 5.05% | |||||
Acquistion cost | [2] | ₩ 550 | ₩ 550 | |||||
Share of net asset amount | [2],[3] | 630 | 618 | |||||
Carrying amount | [1] | ₩ 630 | [2],[3] | ₩ 618 | [2],[3] | 547 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
KB Material and Parts No.1 PEF | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 14.47% | 14.47% | |||||
Acquistion cost | [2] | ₩ 3,400 | ₩ 3,400 | |||||
Share of net asset amount | [2],[3] | 3,321 | 3,343 | |||||
Carrying amount | [1] | ₩ 3,321 | [2],[3] | ₩ 3,343 | [2],[3] | 3,371 | ||
Industry | [2] | Investment finance | Investment finance | |||||
Location | [2] | Korea | Korea | |||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | ||||||
FineKB Private Equity Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 25% | 25% | ||||||
Acquistion cost | ₩ 12,775 | ₩ 8,375 | ||||||
Share of net asset amount | [3] | 10,483 | 8,067 | |||||
Carrying amount | [1] | ₩ 10,483 | [3] | ₩ 8,067 | [3] | 0 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB Bio Private Equity No.3 Ltd.. | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 12.20% | ||||||
Acquistion cost | [2] | ₩ 10,000 | ||||||
Share of net asset amount | [2],[3] | 9,950 | ||||||
Carrying amount | [1] | ₩ 0 | ₩ 9,950 | [2],[3] | 0 | |||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | |||||||
G Payment Joint Stock Company | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 43.84% | 43.84% | ||||||
Acquistion cost | ₩ 9,029 | ₩ 9,029 | ||||||
Share of net asset amount | [3] | 2,917 | 3,175 | |||||
Carrying amount | [1] | ₩ 9,281 | [3] | ₩ 9,350 | [3] | 0 | ||
Industry | Investment advisory and securities trading | Investment advisory and securities trading | ||||||
Location | Vietnam | Vietnam | ||||||
498 Seventh Owners LLC2 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [8] | 49.90% | ||||||
Acquistion cost | [8] | ₩ 166,851 | ||||||
Share of net asset amount | [8] | 0 | ||||||
Carrying amount | [1] | ₩ 0 | 0 | |||||
Industry | [8] | Real estate investment | ||||||
Location | [8] | United States | ||||||
Smart Korea KB Future9Sejong Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 38.46% | 38.46% | ||||||
Acquistion cost | ₩ 2,000 | ₩ 1,000 | ||||||
Share of net asset amount | [3] | 1,870 | 962 | |||||
Carrying amount | [1] | ₩ 1,870 | [3] | ₩ 962 | [3] | 0 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB-KTB Technology Venture Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 50.90% | 50.50% | |||||
Acquistion cost | [4] | ₩ 16,800 | ₩ 5,600 | |||||
Share of net asset amount | [3],[4] | 16,256 | 5,503 | |||||
Carrying amount | [1] | ₩ 16,256 | [3],[4] | ₩ 5,554 | [3],[4] | 0 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
KBSOLIDUS Healthcare Investment Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [4] | 88.23% | 88.23% | |||||
Acquistion cost | [4] | ₩ 19,800 | ₩ 1,800 | |||||
Share of net asset amount | [3],[4] | 18,651 | 1,800 | |||||
Carrying amount | [1] | ₩ 18,651 | [3],[4] | ₩ 1,800 | [3],[4] | 0 | ||
Industry | [4] | Investment finance | Investment finance | |||||
Location | [4] | Korea | Korea | |||||
Paramark KB Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 17.34% | 20.69% | ||||||
Acquistion cost | ₩ 12,199 | ₩ 2,040 | ||||||
Share of net asset amount | [3] | 10,966 | 1,850 | |||||
Carrying amount | [1] | ₩ 10,966 | [3] | ₩ 1,850 | [3] | 0 | ||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
Others | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Acquistion cost | ₩ 2,029 | ₩ 2,475 | ||||||
Share of net asset amount | (741) | 81 | ||||||
Carrying amount | [1] | ₩ 1,049 | ₩ 789 | 674 | ||||
KB Social Impact Investment Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 30% | 30% | ||||||
Acquistion cost | ₩ 4,500 | ₩ 4,500 | ||||||
Share of net asset amount | [3] | 4,266 | 4,282 | |||||
Carrying amount | [3] | ₩ 4,266 | ₩ 4,282 | |||||
Industry | Investment finance | Investment finance | ||||||
Location | Korea | Korea | ||||||
KB Star Office Private Real Estate Master Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 21.05% | |||||||
Acquistion cost | ₩ 20,000 | |||||||
Share of net asset amount | [3] | 26,240 | ||||||
Carrying amount | [1] | ₩ 0 | ₩ 26,240 | [3] | ₩ 20,066 | |||
Industry | Investment finance | |||||||
Location | Korea | |||||||
KB-GeneN Medical Venture Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 22.52% | |||||||
Acquistion cost | ₩ 2,000 | |||||||
Share of net asset amount | [3] | 1,965 | ||||||
Carrying amount | [1] | ₩ 1,965 | [3] | ₩ 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
KB-BridgePole Venture Investment Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 6.30% | ||||||
Acquistion cost | [2] | ₩ 850 | ||||||
Share of net asset amount | [2],[3] | 835 | ||||||
Carrying amount | [1] | ₩ 835 | [2],[3] | 0 | ||||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | |||||||
KB-Kyobo New Mobility Power Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 28.57% | |||||||
Acquistion cost | ₩ 3,000 | |||||||
Share of net asset amount | [3] | 2,826 | ||||||
Carrying amount | [1] | ₩ 2,826 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
DAFriend New Technology Investment Fund No.2 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 27.06% | |||||||
Acquistion cost | ₩ 988 | |||||||
Share of net asset amount | [3] | 949 | ||||||
Carrying amount | [1] | ₩ 949 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
Cornerstone Pentastone Fund No.4 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 21.52% | |||||||
Acquistion cost | ₩ 818 | |||||||
Share of net asset amount | [3] | 792 | ||||||
Carrying amount | [1] | ₩ 792 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
SKSVLP New Technology Investment Fund No.2 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 23.11% | |||||||
Acquistion cost | ₩ 1,156 | |||||||
Share of net asset amount | [3] | 1,121 | ||||||
Carrying amount | [1] | ₩ 1,121 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
Star-Lord General Investors Private Real Estate Investment Company No.10 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 26.24% | |||||||
Acquistion cost | ₩ 46,700 | |||||||
Share of net asset amount | [3] | 45,157 | ||||||
Carrying amount | [1] | ₩ 0 | [3] | 0 | ||||
Industry | Real estate investment | |||||||
Location | Korea | |||||||
KB-Badgers Future Mobility ESG Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 40.91% | |||||||
Acquistion cost | ₩ 2,137 | |||||||
Share of net asset amount | [3] | 1,475 | ||||||
Carrying amount | [1] | ₩ 1,475 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
JS Private Equity Fund No.3 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 20.48% | |||||||
Acquistion cost | ₩ 1,700 | |||||||
Share of net asset amount | [3] | 1,664 | ||||||
Carrying amount | [1] | ₩ 1,664 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
Mirae Asset Mobility Investment Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 22.99% | |||||||
Acquistion cost | ₩ 2,000 | |||||||
Share of net asset amount | [3] | 1,979 | ||||||
Carrying amount | [1] | ₩ 1,979 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
KBFT 1st Green Growth Investment Fund1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 10.34% | ||||||
Acquistion cost | [2] | ₩ 2,000 | ||||||
Share of net asset amount | [2],[3] | 1,970 | ||||||
Carrying amount | [1] | ₩ 1,970 | [2],[3] | 0 | ||||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | |||||||
Glenwood Credit Private Equity Fund No.2 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 29.89% | |||||||
Acquistion cost | ₩ 42,000 | |||||||
Share of net asset amount | [3] | 43,468 | ||||||
Carrying amount | [1] | ₩ 43,468 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
THE CHAEUL FUND NO.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 31.25% | |||||||
Acquistion cost | ₩ 1,000 | |||||||
Share of net asset amount | [3] | 989 | ||||||
Carrying amount | [1] | ₩ 989 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
KB CoInvestment Private Equity Fund No.11 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 7.12% | ||||||
Acquistion cost | [2] | ₩ 7,268 | ||||||
Share of net asset amount | [2] | 7,269 | ||||||
Carrying amount | [2] | ₩ 7,233 | ||||||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | |||||||
POSITIVE Sobujang Venture Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 43.96% | |||||||
Acquistion cost | ₩ 2,000 | |||||||
Share of net asset amount | [3] | 1,977 | ||||||
Carrying amount | [1] | ₩ 1,977 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
History 2022 Fintech Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 34.78% | |||||||
Acquistion cost | ₩ 2,000 | |||||||
Share of net asset amount | [3] | 1,981 | ||||||
Carrying amount | [1] | ₩ 1,981 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
PEBBLESMW M.C.E New Technology Investment Fund 1st | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 23.26% | |||||||
Acquistion cost | ₩ 2,000 | |||||||
Share of net asset amount | [3] | 1,982 | ||||||
Carrying amount | [1] | ₩ 1,982 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
KBNP Green ESG New Technology Venture Capital Fund | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 29.85% | |||||||
Acquistion cost | ₩ 9,350 | |||||||
Share of net asset amount | [3] | 9,043 | ||||||
Carrying amount | [1] | ₩ 9,043 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
TMAP Mobility Co., Ltd.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 8.25% | ||||||
Acquistion cost | [2] | ₩ 200,000 | ||||||
Share of net asset amount | [2],[3] | 61,518 | ||||||
Carrying amount | [1] | ₩ 194,455 | [2],[3] | 0 | ||||
Industry | [2] | Application software development and supply | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | |||||||
Nextrade Co., Ltd.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | [2] | 6.64% | ||||||
Acquistion cost | [2] | ₩ 9,700 | ||||||
Share of net asset amount | [2],[3] | 9,700 | ||||||
Carrying amount | [1] | ₩ 9,700 | [2],[3] | 0 | ||||
Industry | [2] | Investment finance | ||||||
Location | [2] | Korea | ||||||
Description of nature of entitys relationship with associate | As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies. | |||||||
Shinhan Global Mobility Fund1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 24.56% | |||||||
Acquistion cost | ₩ 1,345 | |||||||
Share of net asset amount | [3] | 1,345 | ||||||
Carrying amount | [1] | ₩ 1,345 | [3] | 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
SKB Next Unicorn KBattery Fund No.1 | ||||||||
Disclosure of associates and joint ventures [Line Items] | ||||||||
Ownership (%) | 24.84% | |||||||
Acquistion cost | ₩ 1,995 | |||||||
Share of net asset amount | [3] | 1,995 | ||||||
Carrying amount | [1] | ₩ 1,995 | [3] | ₩ 0 | ||||
Industry | Investment finance | |||||||
Location | Korea | |||||||
[1]Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million for the years ended December 31, 2021 and 2022, respectively.[2]As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies.[3]The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments, such as fair value adjustments recognized at the time of acquisition and adjustments for differences in accounting policies.[4]In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself.[5]The ownership of Paycoms Co., Ltd. would be 21.84% and 21.68% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds.[6]The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds.[7]As of December 31, 2021 and 2022, the Group participates in the investment management committee but cannot exercise control.[8]The investment was classified as assets of a disposal group held for sale as of December 31, 2021. |
Investments in Associates and_4
Investments in Associates and Joint Ventures - Summary of Financial Information on Major Associates and Joint Ventures Adjustments to Carrying Amount of Investment in Associates and Dividends Received (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2020 KRW (₩) | |||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Share of net asset amount | ₩ 558,981 | ₩ 410,457 | ||||||
Carrying amount | 682,670 | [1] | 448,718 | [1] | $ 541,724 | ₩ 771,435 | [1] | |
Dividends | [1] | 46,194 | 32,903 | |||||
KB Pre IPO Secondary Venture Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 10,678 | ||||||
Total liabilities | [2] | 3 | ||||||
Share capital | [2] | 4,015 | ||||||
Equity | [2] | 10,675 | ||||||
Share of net asset amount | [2],[3] | 1,622 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 0 | 1,622 | [2],[3] | 1,279 | |||
Operating income | [2] | 4,594 | ||||||
Profit (Loss) | [2] | 4,180 | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | 4,180 | ||||||
Dividends | [1] | 0 | 0 | [2] | ||||
Balhae Infrastructure Company | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 781,317 | 853,961 | |||||
Total liabilities | [2] | 62,422 | 62,336 | |||||
Share capital | [2] | 765,686 | 840,323 | |||||
Equity | [2] | 718,895 | 791,625 | |||||
Share of net asset amount | [2],[3] | 90,653 | 99,785 | |||||
Unrealized gains (losses) | [2] | (36) | 0 | |||||
Carrying amount | [1] | 90,617 | [2],[3] | 99,785 | [2],[3] | 106,624 | ||
Operating income | [2] | 100,720 | 97,833 | |||||
Profit (Loss) | [2] | 133,964 | 19,559 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 133,964 | 19,559 | |||||
Dividends | [1],[2] | 16,646 | 9,121 | |||||
Aju Good Technology Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 58,749 | 64,303 | |||||
Total liabilities | [2] | 7,171 | 4,703 | |||||
Share capital | [2] | 21,180 | 32,100 | |||||
Equity | [2] | 51,578 | 59,600 | |||||
Share of net asset amount | [2] | 19,840 | 22,921 | |||||
Unrealized gains (losses) | [2] | (4) | 0 | |||||
Carrying amount | [1] | 19,836 | [2] | 22,921 | [2] | 21,348 | ||
Operating income | [2] | 22,381 | 22,486 | |||||
Profit (Loss) | [2] | 6,018 | 15,407 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 6,018 | 15,407 | |||||
Dividends | [1],[2] | 1,200 | 0 | |||||
SY Auto Capital Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 85,077 | 88,144 | |||||
Total liabilities | [2] | 43,749 | 47,665 | |||||
Share capital | [2] | 20,000 | 20,000 | |||||
Equity | [2] | 41,328 | 40,479 | |||||
Share of net asset amount | [2] | 20,250 | 19,835 | |||||
Unrealized gains (losses) | [2] | (1,088) | (1,613) | |||||
Carrying amount | [1] | 19,162 | [2] | 18,222 | [2] | 16,144 | ||
Operating income | [2] | 11,569 | 14,316 | |||||
Profit (Loss) | [2] | 474 | 2,193 | |||||
Other comprehensive income | [2] | 374 | 104 | |||||
Total comprehensive income | [2] | 848 | 2,297 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Incheon Bridge Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 554,738 | 560,570 | |||||
Total liabilities | [2] | 661,227 | 690,530 | |||||
Share capital | [2] | 61,096 | 61,096 | |||||
Equity | [2] | (106,489) | (129,960) | |||||
Share of net asset amount | [2],[3] | (15,963) | (19,481) | |||||
Unrealized gains (losses) | [2] | 15,963 | 19,481 | |||||
Carrying amount | [1] | 0 | [2],[3] | 0 | [2],[3] | 0 | ||
Operating income | [2] | 130,456 | 84,068 | |||||
Profit (Loss) | [2] | 23,754 | (16,219) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 23,754 | (16,219) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Big Dipper Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 642 | 143 | |||||
Total liabilities | [2] | 308 | 748 | |||||
Share capital | [2] | 493 | 1,750 | |||||
Equity | [2] | 334 | (605) | |||||
Share of net asset amount | [2],[3] | 60 | (147) | |||||
Unrealized gains (losses) | [2] | 0 | 147 | |||||
Carrying amount | [1] | 60 | [2],[3] | 0 | [2],[3] | 0 | ||
Operating income | [2] | 834 | 939 | |||||
Profit (Loss) | [2] | (672) | (583) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (672) | (583) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Paycoms Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 3,781 | 3,597 | |||||
Total liabilities | [2] | 2,032 | 1,960 | |||||
Share capital | [2] | 926 | 855 | |||||
Equity | [2] | 1,749 | 1,637 | |||||
Share of net asset amount | [2],[4] | 201 | 181 | |||||
Unrealized gains (losses) | [2] | 12 | 344 | |||||
Carrying amount | [1] | 213 | [2],[4] | 525 | [2],[4] | 198 | ||
Operating income | [2] | 1,266 | 1,515 | |||||
Profit (Loss) | [2] | 399 | 857 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 399 | 857 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Food Factory Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 8,599 | 8,332 | |||||
Total liabilities | [2] | 5,468 | 5,482 | |||||
Share capital | [2] | 450 | 450 | |||||
Equity | [2] | 3,131 | 2,850 | |||||
Share of net asset amount | [2],[5] | 696 | 633 | |||||
Unrealized gains (losses) | [2] | 703 | 687 | |||||
Carrying amount | [1] | 1,399 | [2],[5] | 1,320 | [2],[5] | 1,281 | ||
Operating income | [2] | 9,059 | 8,853 | |||||
Profit (Loss) | [2] | 605 | 354 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 605 | 354 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Korea Credit Bureau Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 155,165 | 128,297 | |||||
Total liabilities | [2] | 100,065 | 78,328 | |||||
Share capital | [2] | 10,000 | 10,000 | |||||
Equity | [2] | 55,100 | 49,969 | |||||
Share of net asset amount | [2],[3] | 4,959 | 4,497 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 4,959 | [2],[3] | 4,497 | [2],[3] | 7,153 | ||
Operating income | [2] | 144,906 | 128,150 | |||||
Profit (Loss) | [2] | 13,809 | (27,327) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 13,809 | (27,327) | |||||
Dividends | [1],[2] | 0 | 90 | |||||
POSCO-KB Shipbuilding Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 15,675 | 17,754 | |||||
Total liabilities | [2] | 321 | 432 | |||||
Share capital | [2] | 5,840 | 8,880 | |||||
Equity | [2] | 15,354 | 17,322 | |||||
Share of net asset amount | [2] | 4,798 | 5,413 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 4,798 | [2] | 5,413 | [2] | 12,895 | ||
Operating income | [2] | 1,721 | 1,880 | |||||
Profit (Loss) | [2] | 1,072 | 376 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 1,072 | 376 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
UNION Media Commerce Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 3,319 | 3,318 | |||||
Total liabilities | [2] | 18 | 10 | |||||
Share capital | [2] | 3,450 | 3,450 | |||||
Equity | [2] | 3,301 | 3,308 | |||||
Share of net asset amount | [2] | 957 | 959 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 957 | [2] | 959 | [2] | 960 | ||
Operating income | [2] | 0 | 0 | |||||
Profit (Loss) | [2] | (8) | (3) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (8) | (3) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KBSP Private Equity Fund No.4 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 13,432 | 37,646 | |||||
Total liabilities | [2] | 776 | 5 | |||||
Share capital | [2] | 40,800 | 40,800 | |||||
Equity | [2] | 12,656 | 37,641 | |||||
Share of net asset amount | [2],[3] | 1,892 | 5,628 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 1,892 | [2],[3] | 5,628 | [2],[3] | 5,950 | ||
Operating income | [2] | 6 | (1,358) | |||||
Profit (Loss) | [2] | (24,985) | (2,154) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (24,985) | (2,154) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-Solidus Global Healthcare Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 50,796 | 112,358 | |||||
Total liabilities | [2] | 639 | 1,126 | |||||
Share capital | [2] | 23,100 | 68,400 | |||||
Equity | [2] | 50,157 | 111,232 | |||||
Share of net asset amount | [2],[6] | 21,735 | 48,201 | |||||
Unrealized gains (losses) | [2] | 697 | 697 | |||||
Carrying amount | [1] | 22,432 | [2],[6] | 48,898 | [2],[6] | 46,213 | ||
Operating income | [2] | 2,952 | 18,782 | |||||
Profit (Loss) | [2] | (15,775) | 13,396 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (15,775) | 13,396 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-Stonebridge Secondary Private Equity Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 172,979 | 151,004 | |||||
Total liabilities | [2] | 349 | 316 | |||||
Share capital | [2] | 163,413 | 148,587 | |||||
Equity | [2] | 172,630 | 150,688 | |||||
Share of net asset amount | [2],[3] | 25,144 | 21,948 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 25,144 | [2],[3] | 21,948 | [2],[3] | 16,636 | ||
Operating income | [2] | 22,445 | 55,572 | |||||
Profit (Loss) | [2] | 20,887 | 54,053 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 20,887 | 54,053 | |||||
Dividends | [1],[2] | 2,006 | 9,895 | |||||
KB SPROTT Renewable Private Equity Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 44,880 | 13,886 | |||||
Total liabilities | [2] | 996 | 1,467 | |||||
Share capital | [2] | 47,868 | 15,376 | |||||
Equity | [2] | 43,884 | 12,419 | |||||
Share of net asset amount | [2],[6] | 16,539 | 4,680 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 16,539 | [2],[6] | 4,680 | [2],[6] | 5,049 | ||
Operating income | [2] | 0 | 0 | |||||
Profit (Loss) | [2] | (1,020) | (983) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (1,020) | (983) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-UTC Inno-Tech Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 44,111 | 47,848 | |||||
Total liabilities | [2] | 809 | 497 | |||||
Share capital | [2] | 48,260 | 48,260 | |||||
Equity | [2] | 43,302 | 47,351 | |||||
Share of net asset amount | [2],[6] | 19,180 | 20,972 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 19,180 | [2],[6] | 20,972 | [2],[6] | 16,999 | ||
Operating income | [2] | 0 | 1,080 | |||||
Profit (Loss) | [2] | (905) | 32 | |||||
Other comprehensive income | [2] | (1,647) | 0 | |||||
Total comprehensive income | [2] | (2,552) | 32 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 9,226 | 18,069 | |||||
Total liabilities | [2] | 260 | 385 | |||||
Share capital | [2] | 5,400 | 13,200 | |||||
Equity | [2] | 8,966 | 17,684 | |||||
Share of net asset amount | [2],[6] | 5,978 | 11,789 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 5,978 | [2],[6] | 11,789 | [2],[6] | 16,042 | ||
Operating income | [2] | 1,699 | 530 | |||||
Profit (Loss) | [2] | (917) | 120 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (917) | 120 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-TS Technology Venture Private Equity Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 30,346 | 35,279 | |||||
Total liabilities | [2] | 5,714 | 5,228 | |||||
Share capital | [2] | 17,400 | 25,500 | |||||
Equity | [2] | 24,632 | 30,051 | |||||
Share of net asset amount | [2],[6] | 13,794 | 16,828 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 13,794 | [2],[6] | 16,828 | [2],[6] | 17,630 | ||
Operating income | [2] | 1,043 | 2,094 | |||||
Profit (Loss) | [2] | 2,682 | (1,151) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 2,682 | (1,151) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 42,538 | 69,943 | |||||
Total liabilities | [2] | 705 | 221 | |||||
Share capital | [2] | 31,020 | 61,100 | |||||
Equity | [2] | 41,833 | 69,722 | |||||
Share of net asset amount | [2],[6] | 17,801 | 29,669 | |||||
Unrealized gains (losses) | [2] | (750) | (750) | |||||
Carrying amount | [1] | 17,051 | [2],[6] | 28,919 | [2],[6] | 26,763 | ||
Operating income | [2] | 11,851 | 14,244 | |||||
Profit (Loss) | [2] | 1,541 | 8,495 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 1,541 | 8,495 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-SJ Tourism Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 20,926 | 22,947 | |||||
Total liabilities | [2] | 551 | 557 | |||||
Share capital | [2] | 24,840 | 27,000 | |||||
Equity | [2] | 20,375 | 22,390 | |||||
Share of net asset amount | [2],[3] | 3,773 | 4,146 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 3,773 | [2],[3] | 4,146 | [2],[3] | 4,133 | ||
Operating income | [2] | 719 | 170 | |||||
Profit (Loss) | [2] | 145 | (2,631) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 145 | (2,631) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
WJ Private Equity Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 35,561 | 35,799 | |||||
Total liabilities | [2] | 161 | 170 | |||||
Share capital | [2] | 37,100 | 37,100 | |||||
Equity | [2] | 35,400 | 35,629 | |||||
Share of net asset amount | [2] | 9,542 | 9,604 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 9,542 | [2] | 9,604 | [2] | 9,711 | ||
Operating income | [2] | 430 | 291 | |||||
Profit (Loss) | [2] | (229) | (398) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (229) | (398) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
All Together Korea Fund No.2 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 10,246 | 10,073 | |||||
Total liabilities | [2] | 1 | 1 | |||||
Share capital | [2] | 10,001 | 10,002 | |||||
Equity | [2] | 10,245 | 10,072 | |||||
Share of net asset amount | [2],[7] | 10,244 | 10,070 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 10,244 | [2],[7] | 10,070 | [2],[7] | 10,023 | ||
Operating income | [2] | 179 | 53 | |||||
Profit (Loss) | [2] | 173 | 47 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 173 | 47 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 102,827 | 127,960 | |||||
Total liabilities | [2] | 498 | 844 | |||||
Share capital | [2] | 81,100 | 111,600 | |||||
Equity | [2] | 102,329 | 127,116 | |||||
Share of net asset amount | [2],[3] | 12,554 | 15,254 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 12,554 | [2],[3] | 15,254 | [2],[3] | 5,611 | ||
Operating income | [2] | 21,470 | 20,594 | |||||
Profit (Loss) | [2] | 5,713 | 16,252 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 5,713 | 16,252 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Project Vanilla Co., Ltd. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 1,283 | ||||||
Total liabilities | [2] | 211 | ||||||
Share capital | [2] | 5,000 | ||||||
Equity | [2] | 1,072 | ||||||
Share of net asset amount | [2] | 525 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 0 | 525 | [2] | 2,151 | |||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (3,231) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (3,231) | ||||||
Dividends | [1] | 0 | 0 | [2] | ||||
December & Company Inc. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 35,602 | 71,219 | |||||
Total liabilities | [2] | 13,271 | 17,276 | |||||
Share capital | [2] | 37,367 | 37,241 | |||||
Equity | [2] | 22,331 | 53,943 | |||||
Share of net asset amount | [2],[3] | 3,735 | 9,054 | |||||
Unrealized gains (losses) | [2] | 12,294 | 12,334 | |||||
Carrying amount | [1] | 16,029 | [2],[3] | 21,388 | [2],[3] | 24,402 | ||
Operating income | [2] | 868 | 3,982 | |||||
Profit (Loss) | [2] | (32,002) | (20,767) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (32,002) | (20,767) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
2020 KB Fintech Renaissance Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 12,529 | 12,252 | |||||
Total liabilities | [2] | 38 | 5 | |||||
Share capital | [2] | 10,900 | 10,900 | |||||
Equity | [2] | 12,491 | 12,247 | |||||
Share of net asset amount | [2],[3] | 630 | 618 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 630 | [2],[3] | 618 | [2],[3] | 547 | ||
Operating income | [2] | 395 | 1,566 | |||||
Profit (Loss) | [2] | 243 | 1,411 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 243 | 1,411 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB Bio Private Equity No.3 Ltd.. | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 81,691 | ||||||
Total liabilities | [2] | 101 | ||||||
Share capital | [2] | 82,000 | ||||||
Equity | [2] | 81,590 | ||||||
Share of net asset amount | [2],[3] | 9,950 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 0 | 9,950 | [2],[3] | 0 | |||
Operating income | [2] | 4 | ||||||
Profit (Loss) | [2] | (410) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (410) | ||||||
Dividends | [1] | 6,028 | 0 | [2] | ||||
KB Material and Parts No.1 PEF | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 22,953 | 23,104 | |||||
Total liabilities | [2] | 2 | 0 | |||||
Share capital | [2] | 23,500 | 23,500 | |||||
Equity | [2] | 22,951 | 23,104 | |||||
Share of net asset amount | [2],[3] | 3,321 | 3,343 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 3,321 | [2],[3] | 3,343 | [2],[3] | 3,371 | ||
Operating income | [2] | 451 | 451 | |||||
Profit (Loss) | [2] | 83 | 42 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | 83 | 42 | |||||
Dividends | [1],[2] | 34 | 34 | |||||
FineKB Private Equity Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 43,759 | 32,583 | |||||
Total liabilities | [2] | 1,828 | 315 | |||||
Share capital | [2] | 51,100 | 33,500 | |||||
Equity | [2] | 41,931 | 32,268 | |||||
Share of net asset amount | [2] | 10,483 | 8,067 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 10,483 | [2] | 8,067 | [2] | 0 | ||
Operating income | [2] | 14,244 | 2 | |||||
Profit (Loss) | [2] | (7,938) | (1,155) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (7,938) | (1,155) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
G Payment Joint Stock Company | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 10,177 | 7,797 | |||||
Total liabilities | [2] | 3,523 | 557 | |||||
Share capital | [2] | 2,950 | 2,950 | |||||
Equity | [2] | 6,654 | 7,240 | |||||
Share of net asset amount | [2] | 2,917 | 3,175 | |||||
Unrealized gains (losses) | [2] | 6,364 | 6,175 | |||||
Carrying amount | [1] | 9,281 | [2] | 9,350 | [2] | 0 | ||
Operating income | [2] | 3,401 | 819 | |||||
Profit (Loss) | [2] | (831) | (762) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (831) | (762) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Smart Korea KB Future9Sejong Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 4,862 | 2,581 | |||||
Total liabilities | [2] | 0 | 81 | |||||
Share capital | [2] | 5,200 | 2,600 | |||||
Equity | [2] | 4,862 | 2,500 | |||||
Share of net asset amount | [2] | 1,870 | 962 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 1,870 | [2] | 962 | [2] | 0 | ||
Operating income | [2] | 13 | 2 | |||||
Profit (Loss) | [2] | (236) | (100) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (236) | (100) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB-KTB Technology Venture Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 32,214 | 11,008 | |||||
Total liabilities | [2] | 280 | 101 | |||||
Share capital | [2] | 33,000 | 11,000 | |||||
Equity | [2] | 31,934 | 10,907 | |||||
Share of net asset amount | [2],[6] | 16,256 | 5,503 | |||||
Unrealized gains (losses) | [2] | 0 | 51 | |||||
Carrying amount | [1] | 16,256 | [2],[6] | 5,554 | [2],[6] | 0 | ||
Operating income | [2] | 134 | 8 | |||||
Profit (Loss) | [2] | (973) | (93) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (973) | (93) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KBSOLIDUS Healthcare Investment Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 21,483 | 2,040 | |||||
Total liabilities | [2] | 345 | 0 | |||||
Share capital | [2] | 22,440 | 2,040 | |||||
Equity | [2] | 21,138 | 2,040 | |||||
Share of net asset amount | [2],[6] | 18,651 | 1,800 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 18,651 | [2],[6] | 1,800 | [2],[6] | 0 | ||
Operating income | [2] | 14 | 0 | |||||
Profit (Loss) | [2] | (1,302) | 0 | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (1,302) | 0 | |||||
Dividends | [1],[2] | 0 | 0 | |||||
Paramark KB Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 63,260 | 8,943 | |||||
Total liabilities | [2] | 22 | 3 | |||||
Share capital | [2] | 70,169 | 9,860 | |||||
Equity | [2] | 63,238 | 8,940 | |||||
Share of net asset amount | [2] | 10,966 | 1,850 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [1] | 10,966 | [2] | 1,850 | [2] | 0 | ||
Operating income | [2] | 581 | 0 | |||||
Profit (Loss) | [2] | (6,010) | (920) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (6,010) | (920) | |||||
Dividends | [1],[2] | 0 | 0 | |||||
KB Star Office Private Real Estate Master Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 247,259 | ||||||
Total liabilities | [2] | 122,620 | ||||||
Share capital | [2] | 95,000 | ||||||
Equity | [2] | 124,639 | ||||||
Share of net asset amount | [2] | 26,240 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 0 | 26,240 | [2] | ₩ 20,066 | |||
Operating income | [2] | 18 | ||||||
Profit (Loss) | [2] | (127) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (127) | ||||||
Dividends | [1] | 20,280 | 963 | [2] | ||||
KB Social Impact Investment Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 14,658 | 14,431 | |||||
Total liabilities | [2] | 439 | 157 | |||||
Share capital | [2] | 15,000 | 15,000 | |||||
Equity | [2] | 14,219 | 14,274 | |||||
Share of net asset amount | [2] | 4,266 | 4,282 | |||||
Unrealized gains (losses) | [2] | 0 | 0 | |||||
Carrying amount | [2] | 4,266 | 4,282 | |||||
Operating income | [2] | 240 | 7 | |||||
Profit (Loss) | [2] | (55) | (306) | |||||
Other comprehensive income | [2] | 0 | 0 | |||||
Total comprehensive income | [2] | (55) | (306) | |||||
Dividends | [2] | 0 | 0 | |||||
KB-GeneN Medical Venture Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 8,770 | ||||||
Total liabilities | [2] | 48 | ||||||
Share capital | [2] | 8,880 | ||||||
Equity | [2] | 8,722 | ||||||
Share of net asset amount | [2] | 1,965 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,965 | [2] | 0 | ||||
Operating income | [2] | 1 | ||||||
Profit (Loss) | [2] | (158) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (158) | ||||||
Dividends | [1],[2] | 0 | ||||||
KB-BridgePole Venture Investment Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 13,331 | ||||||
Total liabilities | [2] | 73 | ||||||
Share capital | [2] | 13,500 | ||||||
Equity | [2] | 13,258 | ||||||
Share of net asset amount | [2],[3] | 835 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 835 | [2],[3] | 0 | ||||
Operating income | [2] | 4 | ||||||
Profit (Loss) | [2] | (242) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (242) | ||||||
Dividends | [1],[2] | 0 | ||||||
KB-Kyobo New Mobility Power Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 9,932 | ||||||
Total liabilities | [2] | 40 | ||||||
Share capital | [2] | 10,500 | ||||||
Equity | [2] | 9,892 | ||||||
Share of net asset amount | [2] | 2,826 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 2,826 | [2] | 0 | ||||
Operating income | [2] | 2 | ||||||
Profit (Loss) | [2] | (608) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (608) | ||||||
Dividends | [1],[2] | 0 | ||||||
DAFriend New Technology Investment Fund No.2 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 3,527 | ||||||
Total liabilities | [2] | 21 | ||||||
Share capital | [2] | 3,650 | ||||||
Equity | [2] | 3,506 | ||||||
Share of net asset amount | [2] | 949 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 949 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (144) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (144) | ||||||
Dividends | [1],[2] | 0 | ||||||
Cornerstone Pentastone Fund No.4 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 3,704 | ||||||
Total liabilities | [2] | 23 | ||||||
Share capital | [2] | 3,800 | ||||||
Equity | [2] | 3,681 | ||||||
Share of net asset amount | [2] | 792 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 792 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (119) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (119) | ||||||
Dividends | [1],[2] | 0 | ||||||
SKSVLP New Technology Investment Fund No.2 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 4,855 | ||||||
Total liabilities | [2] | 2 | ||||||
Share capital | [2] | 5,001 | ||||||
Equity | [2] | 4,853 | ||||||
Share of net asset amount | [2] | 1,121 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,121 | [2] | 0 | ||||
Operating income | [2] | 1 | ||||||
Profit (Loss) | [2] | (148) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (148) | ||||||
Dividends | [1],[2] | 0 | ||||||
Star-Lord General Investors Private Real Estate Investment Company No.10 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 585,401 | ||||||
Total liabilities | [2] | 413,283 | ||||||
Share capital | [2] | 178,000 | ||||||
Equity | [2] | 172,118 | ||||||
Share of net asset amount | [2] | 45,157 | ||||||
Unrealized gains (losses) | [2] | (45,157) | ||||||
Carrying amount | [1] | 0 | [2] | 0 | ||||
Operating income | [2] | 16,792 | ||||||
Profit (Loss) | [2] | (4,254) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (4,254) | ||||||
Dividends | [1],[2] | 0 | ||||||
KBBadgers Future Mobility ESG Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 3,607 | ||||||
Total liabilities | [2] | 0 | ||||||
Share capital | [2] | 5,225 | ||||||
Equity | [2] | 3,607 | ||||||
Share of net asset amount | [2] | 1,475 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,475 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (1,618) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (1,618) | ||||||
Dividends | [1],[2] | 0 | ||||||
JS Private Equity Fund No.3 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 8,126 | ||||||
Total liabilities | [2] | 1 | ||||||
Share capital | [2] | 8,300 | ||||||
Equity | [2] | 8,125 | ||||||
Share of net asset amount | [2] | 1,664 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,664 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (175) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (175) | ||||||
Dividends | [1],[2] | 0 | ||||||
Mirae Asset Mobility Investment Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 8,683 | ||||||
Total liabilities | [2] | 73 | ||||||
Share capital | [2] | 8,700 | ||||||
Equity | [2] | 8,610 | ||||||
Share of net asset amount | [2] | 1,979 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,979 | [2] | 0 | ||||
Operating income | [2] | 9 | ||||||
Profit (Loss) | [2] | (90) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (90) | ||||||
Dividends | [1],[2] | 0 | ||||||
KBFT 1st Green Growth Investment Fund1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 19,051 | ||||||
Total liabilities | [2] | 0 | ||||||
Share capital | [2] | 19,345 | ||||||
Equity | [2] | 19,051 | ||||||
Share of net asset amount | [2],[3] | 1,970 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,970 | [2],[3] | 0 | ||||
Operating income | [2] | 5 | ||||||
Profit (Loss) | [2] | (294) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (294) | ||||||
Dividends | [1],[2] | 0 | ||||||
Glenwood Credit Private Equity Fund No.2 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 145,787 | ||||||
Total liabilities | [2] | 376 | ||||||
Share capital | [2] | 140,500 | ||||||
Equity | [2] | 145,411 | ||||||
Share of net asset amount | [2] | 43,468 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 43,468 | [2] | 0 | ||||
Operating income | [2] | 5,286 | ||||||
Profit (Loss) | [2] | 4,911 | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | 4,911 | ||||||
Dividends | [1],[2] | 0 | ||||||
THE CHAEUL FUND NO.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 3,166 | ||||||
Total liabilities | [2] | 0 | ||||||
Share capital | [2] | 3,200 | ||||||
Equity | [2] | 3,166 | ||||||
Share of net asset amount | [2] | 989 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 989 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (34) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (34) | ||||||
Dividends | [1],[2] | 0 | ||||||
KB Co-Investment Private Equity Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 101,771 | ||||||
Total liabilities | [2] | 198 | ||||||
Share capital | [2] | 102,067 | ||||||
Equity | [2] | 101,573 | ||||||
Share of net asset amount | [2] | 7,269 | ||||||
Unrealized gains (losses) | [2] | (36) | ||||||
Carrying amount | [1] | 7,233 | [2] | 0 | ||||
Operating income | [2] | 14 | ||||||
Profit (Loss) | [2] | (494) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (494) | ||||||
Dividends | [1],[2] | 0 | ||||||
POSITIVE Sobujang Venture Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 4,521 | ||||||
Total liabilities | [2] | 23 | ||||||
Share capital | [2] | 4,550 | ||||||
Equity | [2] | 4,498 | ||||||
Share of net asset amount | [2] | 1,977 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,977 | [2] | 0 | ||||
Operating income | [2] | 1 | ||||||
Profit (Loss) | [2] | (52) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (52) | ||||||
Dividends | [1],[2] | 0 | ||||||
History 2022 Fintech Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 5,695 | ||||||
Total liabilities | [2] | 0 | ||||||
Share capital | [2] | 5,750 | ||||||
Equity | [2] | 5,695 | ||||||
Share of net asset amount | [2] | 1,981 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,981 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (55) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (55) | ||||||
Dividends | [1],[2] | 0 | ||||||
PEBBLESMW M.C.E New Technology Investment Fund 1st | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 8,562 | ||||||
Total liabilities | [2] | 40 | ||||||
Share capital | [2] | 8,600 | ||||||
Equity | [2] | 8,522 | ||||||
Share of net asset amount | [2] | 1,982 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,982 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (78) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (78) | ||||||
Dividends | [1],[2] | 0 | ||||||
KBNP Green ESG New Technology Venture Capital Fund | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 31,838 | ||||||
Total liabilities | [2] | 638 | ||||||
Share capital | [2] | 32,260 | ||||||
Equity | [2] | 31,200 | ||||||
Share of net asset amount | [2] | 9,043 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 9,043 | [2] | 0 | ||||
Operating income | [2] | 19 | ||||||
Profit (Loss) | [2] | (1,059) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (1,059) | ||||||
Dividends | [1],[2] | 0 | ||||||
TMAP Mobility Co., Ltd.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 920,597 | ||||||
Total liabilities | [2] | 174,696 | ||||||
Share capital | [2] | 8,677 | ||||||
Equity | [2] | 745,901 | ||||||
Share of net asset amount | [2],[3] | 61,518 | ||||||
Unrealized gains (losses) | [2] | 132,937 | ||||||
Carrying amount | [1] | 194,455 | [2],[3] | 0 | ||||
Operating income | [2] | 139,792 | ||||||
Profit (Loss) | [2] | (132,476) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (132,476) | ||||||
Dividends | [1],[2] | 0 | ||||||
Nextrade Co., Ltd.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 146,100 | ||||||
Total liabilities | [2] | 0 | ||||||
Share capital | [2] | 146,100 | ||||||
Equity | [2] | 146,100 | ||||||
Share of net asset amount | [2],[3] | 9,700 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 9,700 | [2],[3] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | 0 | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | 0 | ||||||
Dividends | [1],[2] | 0 | ||||||
Shinhan Global Mobility Fund1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 5,474 | ||||||
Total liabilities | [2] | 0 | ||||||
Share capital | [2] | 5,700 | ||||||
Equity | [2] | 5,474 | ||||||
Share of net asset amount | [2] | 1,345 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,345 | [2] | 0 | ||||
Operating income | [2] | 0 | ||||||
Profit (Loss) | [2] | (226) | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | (226) | ||||||
Dividends | [1],[2] | 0 | ||||||
SKB Next Unicorn KBattery Fund No.1 | ||||||||
Disclosure of significant investments in major associates and joint ventures line items [Line Items] | ||||||||
Total assets | [2] | 5,705 | ||||||
Total liabilities | [2] | 14 | ||||||
Share capital | [2] | 5,691 | ||||||
Equity | [2] | 5,691 | ||||||
Share of net asset amount | [2] | 1,995 | ||||||
Unrealized gains (losses) | [2] | 0 | ||||||
Carrying amount | [1] | 1,995 | [2] | ₩ 0 | ||||
Operating income | [2] | 1 | ||||||
Profit (Loss) | [2] | 0 | ||||||
Other comprehensive income | [2] | 0 | ||||||
Total comprehensive income | [2] | 0 | ||||||
Dividends | [1],[2] | ₩ 0 | ||||||
[1]Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million for the years ended December 31, 2021 and 2022, respectively.[2]The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments, such as fair value adjustments recognized at the time of acquisition and adjustments for differences in accounting policies.[3]As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies.[4]The ownership of Paycoms Co., Ltd. would be 21.84% and 21.68% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds.[5]The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds.[6]In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself.[7]As of December 31, 2021 and 2022, the Group participates in the investment management committee but cannot exercise control. |
Investments in Associates and_5
Investments in Associates and Joint Ventures - Summary of Investments Associates and Joint Ventures (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | ||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | ₩ 448,718 | ₩ 771,435 | |||
Acquisition and others | [1] | 430,691 | 261,881 | |||
Disposal and others | [1] | (101,321) | (583,685) | |||
Dividends | [1] | (46,194) | (32,903) | |||
Gains(losses) on equity-method accounting | [1] | (49,341) | 31,477 | |||
Other comprehensive income | [1] | 117 | 513 | |||
Ending | ₩ 682,670 | [1] | $ 541,724 | ₩ 448,718 | [1] | |
Description Of Other Changes In Investments In Associates | Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million | Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million | Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million | |||
Gain on disposal of investments in associates and joint ventures | ₩ 62,048 | ₩ 20,585 | ||||
KB Pre IPO Secondary Venture Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 1,622 | [2],[3] | 1,279 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | (1,429) | (292) | |||
Dividends | [1] | 0 | 0 | [3] | ||
Gains(losses) on equity-method accounting | [1] | (193) | 635 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1] | 0 | 1,622 | [2],[3] | ||
KB GwS Private Securities Investment Trust | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | 141,359 | |||
Acquisition and others | [1] | 0 | ||||
Disposal and others | [1] | (141,359) | ||||
Dividends | [1] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | ||||
Balhae Infrastructure Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 99,785 | [2],[3] | 106,624 | ||
Acquisition and others | [1] | 0 | 280 | |||
Disposal and others | [1] | (9,408) | (463) | |||
Dividends | [1],[3] | (16,646) | (9,121) | |||
Gains(losses) on equity-method accounting | [1] | 16,886 | 2,465 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 90,617 | 99,785 | |||
Aju Good Technology Venture Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 22,921 | [3] | 21,348 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | (4,200) | (4,770) | |||
Dividends | [1],[3] | (1,200) | 0 | |||
Gains(losses) on equity-method accounting | [1] | 2,315 | 6,343 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 19,836 | 22,921 | |||
SY Auto Capital Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 18,222 | [3] | 16,144 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 757 | 2,027 | |||
Other comprehensive income | [1] | 183 | 51 | |||
Ending | [1],[3] | 19,162 | 18,222 | |||
Big Dipper Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | [2],[3] | 0 | ||
Acquisition and others | [1] | 291 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (231) | 0 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 60 | 0 | |||
Paycoms Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 525 | [3],[4] | 198 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (312) | 327 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[4] | 213 | 525 | |||
Food Factory Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 1,320 | [3],[5] | 1,281 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 132 | 7 | |||
Other comprehensive income | [1] | (53) | 32 | |||
Ending | [1],[3],[5] | 1,399 | 1,320 | |||
KB Private Equity Fund No.3 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | 94 | |||
Acquisition and others | [1] | 0 | ||||
Disposal and others | [1] | (13) | ||||
Dividends | [1] | (81) | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | ||||
Korea Credit Bureau Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 4,497 | [2],[3] | 7,153 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | (90) | |||
Gains(losses) on equity-method accounting | [1] | 462 | (2,566) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 4,959 | 4,497 | |||
Keystone-Hyundai Securities No. 1 Private Equity Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | 1,556 | |||
Acquisition and others | [1] | 0 | ||||
Disposal and others | [1] | (1,044) | ||||
Dividends | [1] | (512) | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | ||||
POSCO-KB Shipbuilding Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 5,413 | [3] | 12,895 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | (950) | (7,599) | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 335 | 117 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 4,798 | 5,413 | |||
UNION Media Commerce Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 959 | [3] | 960 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (2) | (1) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 957 | 959 | |||
KBSP Private Equity Fund No.4 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 5,628 | [2],[3] | 5,950 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (3,736) | (322) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 1,892 | 5,628 | |||
KB Social Impact Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 4,282 | 2,874 | |||
Acquisition and others | [1] | 0 | 1,500 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (16) | (92) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1] | 4,266 | 4,282 | |||
KB-Solidus Global Healthcare Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 48,898 | [3],[6] | 46,213 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | (19,630) | (3,120) | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (6,836) | 5,805 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[6] | 22,432 | 48,898 | |||
KB-Stonebridge Secondary Private Equity Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 21,948 | [2],[3] | 16,636 | ||
Acquisition and others | [1] | 4,370 | 13,257 | |||
Disposal and others | [1] | (2,210) | (5,924) | |||
Dividends | [1],[3] | (2,006) | (9,895) | |||
Gains(losses) on equity-method accounting | [1] | 3,042 | 7,874 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 25,144 | 21,948 | |||
KB SPROTT Renewable Private Equity Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 4,680 | [3],[6] | 5,049 | ||
Acquisition and others | [1] | 12,246 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (387) | (369) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[6] | 16,539 | 4,680 | |||
KB-UTC Inno-Tech Venture Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 20,972 | [3],[6] | 16,999 | ||
Acquisition and others | [1] | 0 | 5,085 | |||
Disposal and others | [1] | 0 | (1,126) | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (1,306) | 14 | |||
Other comprehensive income | [1] | (486) | 0 | |||
Ending | [1],[3],[6] | 19,180 | 20,972 | |||
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 11,789 | [3],[6] | 16,042 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | (5,200) | (4,800) | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (611) | 547 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[6] | 5,978 | 11,789 | |||
KB-TS Technology Venture Private Equity Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 16,828 | [3],[6] | 17,630 | ||
Acquisition and others | [1] | 0 | 3,080 | |||
Disposal and others | [1] | (4,536) | (5,376) | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 1,502 | 1,494 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[6] | 13,794 | 16,828 | |||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 28,919 | [3],[6] | 26,763 | ||
Acquisition and others | [1] | 0 | 10,000 | |||
Disposal and others | [1] | (12,800) | (10,800) | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 932 | 2,956 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[6] | 17,051 | 28,919 | |||
KB-SJ Tourism Venture Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 4,146 | [2],[3] | 4,133 | ||
Acquisition and others | [1] | 0 | 499 | |||
Disposal and others | [1] | (400) | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 27 | (486) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 3,773 | 4,146 | |||
Incheon Bridge Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | [2],[3] | 0 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 0 | 0 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 0 | 0 | |||
WJ Private Equity Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 9,604 | [3] | 9,711 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (62) | (107) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 9,542 | 9,604 | |||
All Together Korea Fund No.2 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 10,070 | [3],[7] | 10,023 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 174 | 47 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[7] | 10,244 | 10,070 | |||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 15,254 | [2],[3] | 5,611 | ||
Acquisition and others | [1] | 1,320 | 7,692 | |||
Disposal and others | [1] | (4,706) | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 686 | 1,951 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 12,554 | 15,254 | |||
Project Vanilla Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 525 | [3] | 2,151 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | (525) | 0 | |||
Dividends | [1] | 0 | 0 | [3] | ||
Gains(losses) on equity-method accounting | [1] | 0 | (1,626) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1] | 0 | 525 | [3] | ||
December & Company Inc. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 21,388 | [2],[3] | 24,402 | ||
Acquisition and others | [1] | 0 | 481 | |||
Disposal and others | [1] | (49) | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (5,353) | (3,507) | |||
Other comprehensive income | [1] | 43 | 12 | |||
Ending | [1],[2],[3] | 16,029 | 21,388 | |||
2020 KB Fintech Renaissance Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 618 | [2],[3] | 547 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 12 | 71 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 630 | 618 | |||
KB Material and Parts No.1 PEF | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 3,343 | [2],[3] | 3,371 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | (34) | (34) | |||
Gains(losses) on equity-method accounting | [1] | 12 | 6 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[2],[3] | 3,321 | 3,343 | |||
FineKB Private Equity Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 8,067 | [3] | 0 | ||
Acquisition and others | [1] | 7,500 | 8,375 | |||
Disposal and others | [1] | (3,100) | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (1,984) | (308) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 10,483 | 8,067 | |||
KB Bio Private Equity No.3 Ltd.. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 9,950 | [2],[3] | 0 | ||
Acquisition and others | [1] | 0 | 10,000 | |||
Disposal and others | [1] | (3,922) | 0 | |||
Dividends | [1] | (6,028) | 0 | [3] | ||
Gains(losses) on equity-method accounting | [1] | 0 | (50) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1] | 0 | 9,950 | [2],[3] | ||
K The 15th REIT Co., Ltd. | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | 0 | |||
Acquisition and others | [1] | 8,600 | ||||
Disposal and others | [1] | (8,600) | ||||
Dividends | [1] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | ||||
G Payment Joint Stock Company | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 9,350 | [3] | 0 | ||
Acquisition and others | [1] | 295 | 9,684 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (364) | (334) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 9,281 | 9,350 | |||
Four Ninety Eight Seventh Owners L L C 3 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | 0 | |||
Acquisition and others | [1] | 172,907 | ||||
Disposal and others | [1] | (169,424) | ||||
Dividends | [1] | (3,483) | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | ||||
Smart Korea KB Future9Sejong Venture Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 962 | [3] | 0 | ||
Acquisition and others | [1] | 1,000 | 1,000 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (92) | (38) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 1,870 | 962 | |||
KB-KTB Technology Venture Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 5,554 | [3],[6] | 0 | ||
Acquisition and others | [1] | 11,200 | 5,601 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (498) | (47) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[6] | 16,256 | 5,554 | |||
KBSOLIDUS Healthcare Investment Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 1,800 | [3],[6] | 0 | ||
Acquisition and others | [1] | 18,000 | 1,800 | |||
Disposal and others | [1] | 0 | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (1,149) | 0 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3],[6] | 18,651 | 1,800 | |||
Paramark KB Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 1,850 | [3] | 0 | ||
Acquisition and others | [1] | 12,444 | 2,040 | |||
Disposal and others | [1] | (2,285) | 0 | |||
Dividends | [1],[3] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | (1,043) | (190) | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1],[3] | 10,966 | 1,850 | |||
Others | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 789 | 674 | |||
Acquisition and others | [1] | 50 | 0 | |||
Disposal and others | [1] | (43) | 0 | |||
Dividends | [1] | 0 | 0 | |||
Gains(losses) on equity-method accounting | [1] | 75 | (303) | |||
Other comprehensive income | [1] | 178 | 418 | |||
Ending | [1] | 1,049 | 789 | |||
KB Star Office Private Real Estate Master Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 26,240 | [3] | 20,066 | ||
Acquisition and others | [1] | 0 | 0 | |||
Disposal and others | [1] | (5,960) | 0 | |||
Dividends | [1] | (20,280) | (963) | [3] | ||
Gains(losses) on equity-method accounting | [1] | 0 | 7,137 | |||
Other comprehensive income | [1] | 0 | 0 | |||
Ending | [1] | 0 | 26,240 | [3] | ||
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | 9,845 | |||
Acquisition and others | [1] | 0 | ||||
Disposal and others | [1] | (9,725) | ||||
Dividends | [1] | (2,120) | ||||
Gains(losses) on equity-method accounting | [1] | 2,000 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | ||||
JR Global REIT | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | 215,854 | |||
Acquisition and others | [1] | 0 | ||||
Disposal and others | [1] | (209,250) | ||||
Dividends | [1] | (6,604) | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | ||||
Apollo REIT PropCo LLC | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 19,968 | ||||
Disposal and others | [1] | (19,968) | ||||
Dividends | [1] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | 0 | |||
KB-GeneN Medical Venture Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 2,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (35) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,965 | [3] | 0 | ||
KB-BridgePole Venture Investment Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 850 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (15) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 835 | [2],[3] | 0 | ||
KB-Kyobo New Mobility Power Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 3,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (174) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 2,826 | [3] | 0 | ||
DAFriend New Technology Investment Fund No.2 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 988 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (39) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 949 | [3] | 0 | ||
Cornerstone Pentastone Fund No.4 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 818 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (26) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 792 | [3] | 0 | ||
SKSVLP New Technology Investment Fund No.2 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 1,156 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (35) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,121 | [3] | 0 | ||
Star-Lord General Investors Private Real Estate Investment Company No.10 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 46,700 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (46,700) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 0 | [3] | 0 | ||
KBBadgers Future Mobility ESG Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 2,137 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (662) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,475 | [3] | 0 | ||
JS Private Equity Fund No.3 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 1,700 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (36) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,664 | [3] | 0 | ||
Mirae Asset Mobility Investment Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 2,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (21) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,979 | [3] | 0 | ||
KBFT 1st Green Growth Investment Fund1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 2,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (30) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,970 | [2],[3] | 0 | ||
Glenwood Credit Private Equity Fund No.2 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 42,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | 1,468 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 43,468 | [3] | 0 | ||
THE CHAEUL FUND NO.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 1,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (11) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 989 | [3] | 0 | ||
KB Co-Investment Private Equity Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 7,268 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (35) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 7,233 | [3] | 0 | ||
POSITIVE Sobujang Venture Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 2,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (23) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,977 | [3] | 0 | ||
History 2022 Fintech Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 2,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (19) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,981 | [3] | 0 | ||
PEBBLESMW M.C.E New Technology Investment Fund 1st | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 2,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (18) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,982 | [3] | 0 | ||
KBNP Green ESG New Technology Venture Capital Fund | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 9,350 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (307) | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 9,043 | [3] | 0 | ||
TMAP Mobility Co., Ltd.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 200,000 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | (5,797) | ||||
Other comprehensive income | [1] | 252 | ||||
Ending | [1] | 194,455 | [2],[3] | 0 | ||
Nextrade Co., Ltd.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 9,700 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 9,700 | [2],[3] | 0 | ||
Shinhan Global Mobility Fund1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 1,345 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | 1,345 | [3] | 0 | ||
SKB Next Unicorn KBattery Fund No.1 | ||||||
Disclosure Of Changes In Investments In Associates Line Items [Line Items] | ||||||
Beginning | [1] | 0 | ||||
Acquisition and others | [1] | 1,995 | ||||
Disposal and others | [1] | 0 | ||||
Dividends | [1],[3] | 0 | ||||
Gains(losses) on equity-method accounting | [1] | 0 | ||||
Other comprehensive income | [1] | 0 | ||||
Ending | [1] | ₩ 1,995 | [3] | ₩ 0 | ||
[1]Gains on disposal of investments in associates and joint ventures amount to ₩ 62,048 million ₩ 20,585 million for the years ended December 31, 2021 and 2022, respectively.[2]As of December 31, 2021 and 2022, the Group can exercise significant influence on the decision-making processes of the associate’s financial and business policies through participation in governing bodies.[3]The condensed financial information of the associates and joint ventures is adjusted to reflect adjustments, such as fair value adjustments recognized at the time of acquisition and adjustments for differences in accounting policies.[4]The ownership of Paycoms Co., Ltd. would be 21.84% and 21.68% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds.[5]The ownership of Food Factory Co., Ltd. would be 30.00% and 30.00% as of December 31, 2021 and 2022, respectively, considering the potential voting rights of convertible bonds.[6]In order to direct relevant activities, it is necessary to obtain the consent of the two co-operative members; the Group has applied the equity method as the Group cannot control the investee by itself.[7]As of December 31, 2021 and 2022, the Group participates in the investment management committee but cannot exercise control. |
Investments in Associates and_6
Investments in Associates and Joint Ventures - Summary of Accumulated Unrecognized Share of Losses in Investments in Associates (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | ₩ 8,379 | ₩ 2,661 |
Accumulated unrecognized loss | 30,722 | 22,343 |
DSMETAL Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 38 |
Accumulated unrecognized loss | 103 | 103 |
Incheon Bridge Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | (3,518) | 1,381 |
Accumulated unrecognized loss | 15,963 | 19,481 |
Jungdong Steel Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 489 | 489 |
Shinla Construction Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 183 | 183 |
Jaeyang Industry Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 30 | 30 |
Terra Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | 0 |
Accumulated unrecognized loss | 14 | 14 |
Jungdo Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | (8) | 239 |
Accumulated unrecognized loss | 543 | 551 |
Jinseung Tech Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | (15) | 12 |
Accumulated unrecognized loss | 18 | 33 |
Korea NM Tech Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 3 | 0 |
Accumulated unrecognized loss | 31 | 28 |
Chongil Machine & Tools Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 7 | 49 |
Accumulated unrecognized loss | 75 | 68 |
Skydigital Inc. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 3 | 68 |
Accumulated unrecognized loss | 177 | 174 |
IMT TECHNOLOGY Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 0 | (3) |
Accumulated unrecognized loss | 0 | 0 |
Jo Yang Industrial Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 8 | 9 |
Accumulated unrecognized loss | 113 | 105 |
IDTECK CO., LTD | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | (144) | (72) |
Accumulated unrecognized loss | 0 | 144 |
MJT&I Corp. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 1 | 152 |
Accumulated unrecognized loss | 153 | 152 |
Dae-A Leisure Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 310 | 202 |
Accumulated unrecognized loss | 512 | 202 |
Il-Kwang Electronic Materials Co., Ltd | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | (2) | 160 |
Accumulated unrecognized loss | 158 | 160 |
Inter Shipping Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 1,022 | 117 |
Accumulated unrecognized loss | 1,139 | 117 |
Dongjo Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 696 | 0 |
Accumulated unrecognized loss | 696 | 0 |
Iwon Alloy Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 19 | 0 |
Accumulated unrecognized loss | 19 | 0 |
Chunsung-meat co., ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 24 | 0 |
Accumulated unrecognized loss | 24 | 0 |
ALTSCS CO., LTD. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 1 | 0 |
Accumulated unrecognized loss | 1 | 0 |
RAND Bio Science Co., Ltd. | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 231 | 309 |
Accumulated unrecognized loss | 540 | 309 |
Star-Lord General Investors Private Real Estate Investment Company No.10 | ||
Disclosure Of Accumulated Unrecognized Share Of Losses In Investments In Associates Line Items [Line Items] | ||
Unrecognized loss | 9,741 | 0 |
Accumulated unrecognized loss | ₩ 9,741 | ₩ 0 |
Property and Equipment and In_2
Property and Equipment and Investment Properties - Summary of Property and Equipment (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | ||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | ₩ 4,991,467 | ₩ 5,239,898 | ||
Beginning(PPE) | 5,239,898 | 5,433,554 | ||
Acquisition | 977,958 | 913,807 | ||
Disposal | (434,442) | (340,435) | ||
Depreciation | [1] | (593,211) | (607,310) | |
Transfers | [2] | (242,418) | (218,628) | |
Business combination | 38 | 557 | ||
Depreciation Recognised In Profit Or Loss | 255 | 196 | ||
Others | [3] | 43,644 | 58,353 | |
Ending(PPE) | 4,991,467 | $ 3,960,916 | 5,239,898 | |
Accumulated impairment losses on property and equipment excluding Right-of use assets | ||||
Changes In Accumulated Impairment Of Property Plant And Equipment Abstract [Abstract] | ||||
Beginning(Accumulated impairment losses of PPE) | (5,751) | (6,877) | ||
Impairment | 0 | 0 | ||
Reversal | 0 | 0 | ||
Disposal and Others | 0 | 1,126 | ||
Ending(Accumaulated impairment losses of PPE) | (5,751) | (5,751) | ||
Acquisition cost | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 9,402,247 | 9,495,076 | ||
Beginning(PPE) | 9,495,076 | |||
Ending(PPE) | 9,402,247 | 9,495,076 | ||
Accumulated amortization | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (4,405,029) | (4,249,427) | ||
Beginning(PPE) | (4,249,427) | |||
Ending(PPE) | (4,405,029) | (4,249,427) | ||
Accumulated impairment [member] | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (5,751) | (5,751) | ||
Beginning(PPE) | (5,751) | |||
Ending(PPE) | (5,751) | (5,751) | ||
Land | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 2,416,726 | 2,548,181 | ||
Beginning(PPE) | 2,548,181 | 2,610,586 | ||
Acquisition | 678 | 1,106 | ||
Disposal | (7,223) | (11,399) | ||
Depreciation | [1] | 0 | 0 | |
Transfers | [2] | (117,290) | (81,690) | |
Business combination | 0 | 0 | ||
Others | [3] | (7,620) | 29,578 | |
Ending(PPE) | 2,416,726 | 2,548,181 | ||
Land | Acquisition cost | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 2,416,730 | 2,548,185 | ||
Beginning(PPE) | 2,548,185 | |||
Ending(PPE) | 2,416,730 | 2,548,185 | ||
Land | Accumulated amortization | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 0 | 0 | ||
Beginning(PPE) | 0 | |||
Ending(PPE) | 0 | 0 | ||
Land | Accumulated impairment [member] | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (4) | (4) | ||
Beginning(PPE) | (4) | |||
Ending(PPE) | (4) | (4) | ||
Buildings | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 1,581,433 | 1,676,657 | ||
Beginning(PPE) | 1,676,657 | 1,771,582 | ||
Acquisition | 12,867 | 2,412 | ||
Disposal | (7,860) | 6,213 | ||
Depreciation | [1] | (66,044) | (69,118) | |
Transfers | [2] | (39,460) | (79,802) | |
Business combination | 0 | 0 | ||
Others | [3] | 5,273 | 45,370 | |
Ending(PPE) | 1,581,433 | 1,676,657 | ||
Buildings | Acquisition cost | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 2,426,317 | 2,534,134 | ||
Beginning(PPE) | 2,534,134 | |||
Ending(PPE) | 2,426,317 | 2,534,134 | ||
Buildings | Accumulated amortization | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (839,137) | (851,730) | ||
Beginning(PPE) | (851,730) | |||
Ending(PPE) | (839,137) | (851,730) | ||
Buildings | Accumulated impairment [member] | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (5,747) | (5,747) | ||
Beginning(PPE) | (5,747) | |||
Ending(PPE) | (5,747) | (5,747) | ||
Leasehold improvements | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 76,384 | 88,251 | ||
Beginning(PPE) | 88,251 | 95,827 | ||
Acquisition | 12,533 | 13,079 | ||
Disposal | (455) | (891) | ||
Depreciation | [1] | (60,129) | (61,294) | |
Transfers | [2] | 36,379 | 40,148 | |
Business combination | 8 | 0 | ||
Others | [3] | (203) | 1,382 | |
Ending(PPE) | 76,384 | 88,251 | ||
Leasehold improvements | Acquisition cost | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 1,020,095 | 977,853 | ||
Beginning(PPE) | 977,853 | |||
Ending(PPE) | 1,020,095 | 977,853 | ||
Leasehold improvements | Accumulated amortization | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (943,711) | (889,602) | ||
Beginning(PPE) | (889,602) | |||
Ending(PPE) | (943,711) | (889,602) | ||
Leasehold improvements | Accumulated impairment [member] | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 0 | 0 | ||
Beginning(PPE) | 0 | |||
Ending(PPE) | 0 | 0 | ||
Equipment and vehicles | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 304,338 | 311,183 | ||
Beginning(PPE) | 311,183 | 340,658 | ||
Acquisition | 159,109 | 153,459 | ||
Disposal | (1,795) | (1,819) | ||
Depreciation | [1] | (170,529) | (187,918) | |
Transfers | [2] | 1,899 | 2,488 | |
Business combination | 30 | 537 | ||
Others | [3] | 4,441 | 3,778 | |
Ending(PPE) | 304,338 | 311,183 | ||
Equipment and vehicles | Acquisition cost | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 2,070,374 | 2,093,461 | ||
Beginning(PPE) | 2,093,461 | |||
Ending(PPE) | 2,070,374 | 2,093,461 | ||
Equipment and vehicles | Accumulated amortization | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (1,766,036) | (1,782,278) | ||
Beginning(PPE) | (1,782,278) | |||
Ending(PPE) | (1,766,036) | (1,782,278) | ||
Equipment and vehicles | Accumulated impairment [member] | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 0 | 0 | ||
Beginning(PPE) | 0 | |||
Ending(PPE) | 0 | 0 | ||
Construction in progress | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 28,045 | 39,579 | ||
Beginning(PPE) | 39,579 | 44,190 | ||
Acquisition | 110,378 | 129,682 | ||
Disposal | (397) | (8,435) | ||
Depreciation | [1] | 0 | 0 | |
Transfers | [2] | (121,306) | (99,763) | |
Business combination | 0 | 0 | ||
Others | [3] | (209) | (26,095) | |
Ending(PPE) | 28,045 | 39,579 | ||
Construction in progress | Acquisition cost | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 28,045 | 39,579 | ||
Beginning(PPE) | 39,579 | |||
Ending(PPE) | 28,045 | 39,579 | ||
Construction in progress | Accumulated amortization | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 0 | 0 | ||
Beginning(PPE) | 0 | |||
Ending(PPE) | 0 | 0 | ||
Construction in progress | Accumulated impairment [member] | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 0 | 0 | ||
Beginning(PPE) | 0 | |||
Ending(PPE) | 0 | 0 | ||
Right-of-use assets In Property and Equipment | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 584,541 | 576,047 | ||
Beginning(PPE) | 576,047 | 570,711 | ||
Acquisition | 682,393 | 614,069 | ||
Disposal | (416,712) | (324,104) | ||
Depreciation | [1] | (296,509) | (288,980) | |
Transfers | [2] | (2,640) | (9) | |
Business combination | 0 | 20 | ||
Others | [3] | 41,962 | 4,340 | |
Ending(PPE) | 584,541 | 576,047 | ||
Right-of-use assets In Property and Equipment | Acquisition cost | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 1,440,686 | 1,301,864 | ||
Beginning(PPE) | 1,301,864 | |||
Ending(PPE) | 1,440,686 | 1,301,864 | ||
Right-of-use assets In Property and Equipment | Accumulated amortization | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | (856,145) | (725,817) | ||
Beginning(PPE) | (725,817) | |||
Ending(PPE) | (856,145) | (725,817) | ||
Right-of-use assets In Property and Equipment | Accumulated impairment [member] | ||||
Changes in property, plant and equipment [abstract] | ||||
Carrying amount | 0 | 0 | ||
Beginning(PPE) | 0 | |||
Ending(PPE) | ₩ 0 | ₩ 0 | ||
[1]Includes depreciation expenses amounting to ₩ 196 million and ₩ 255 million recorded as other operating expenses and others for the years ended December 31, 2021 and 2022, respectively.[2]Includes transfers with investment properties and assets held for sale.[3]Includes net exchange difference. |
Property and Equipment and In_3
Property and Equipment and Investment Properties - Summary of Investment Property (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | ||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | ₩ 3,148,340 | ₩ 2,514,944 | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | 2,514,944 | 2,533,539 | ||
Changes in investment property [abstract] | ||||
Acquisition | 1,267,827 | 118,961 | ||
Transfers | [1] | (126,816) | 24,212 | |
Disposal | (567,897) | (175,705) | ||
Depreciation | (38,156) | (28,933) | ||
Others | 98,438 | 42,870 | ||
Ending | 3,148,340 | $ 2,498,326 | 2,514,944 | |
Acquisition cost | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | 3,279,445 | 2,667,561 | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | 2,667,561 | |||
Changes in investment property [abstract] | ||||
Ending | 3,279,445 | 2,667,561 | ||
Accumulated amortization | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | (125,428) | (147,307) | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | (147,307) | |||
Changes in investment property [abstract] | ||||
Ending | (125,428) | (147,307) | ||
Accumulated impairment [member] | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | (5,677) | (5,310) | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | (5,310) | |||
Changes in investment property [abstract] | ||||
Ending | (5,677) | (5,310) | ||
Land | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | 1,495,529 | 1,577,353 | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | 1,577,353 | 1,568,098 | ||
Changes in investment property [abstract] | ||||
Acquisition | 387,282 | 28,568 | ||
Transfers | [1] | (64,630) | 22,410 | |
Disposal | (414,335) | (63,546) | ||
Depreciation | 0 | 0 | ||
Others | 9,859 | 21,823 | ||
Ending | 1,495,529 | 1,577,353 | ||
Land | Acquisition cost | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | 1,496,007 | 1,577,800 | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | 1,577,800 | |||
Changes in investment property [abstract] | ||||
Ending | 1,496,007 | 1,577,800 | ||
Land | Accumulated amortization | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | 0 | 0 | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | 0 | |||
Changes in investment property [abstract] | ||||
Ending | 0 | 0 | ||
Land | Accumulated impairment [member] | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | (478) | (447) | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | (447) | |||
Changes in investment property [abstract] | ||||
Ending | (478) | (447) | ||
Buildings | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | 1,652,811 | 937,591 | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | 937,591 | 965,441 | ||
Changes in investment property [abstract] | ||||
Acquisition | 880,545 | 90,393 | ||
Transfers | [1] | (62,186) | 1,802 | |
Disposal | (153,562) | (112,159) | ||
Depreciation | (38,156) | (28,933) | ||
Others | 88,579 | 21,047 | ||
Ending | 1,652,811 | 937,591 | ||
Buildings | Acquisition cost | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | 1,783,438 | 1,089,761 | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | 1,089,761 | |||
Changes in investment property [abstract] | ||||
Ending | 1,783,438 | 1,089,761 | ||
Buildings | Accumulated amortization | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | (125,428) | (147,307) | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | (147,307) | |||
Changes in investment property [abstract] | ||||
Ending | (125,428) | (147,307) | ||
Buildings | Accumulated impairment [member] | ||||
Disclosure of detailed information about investment property [line items] | ||||
Carrying amount | (5,199) | (4,863) | ||
Reconciliation of changes in investment property [abstract] | ||||
Beginning | (4,863) | |||
Changes in investment property [abstract] | ||||
Ending | ₩ (5,199) | ₩ (4,863) | ||
[1]Includes transfers with property and equipment and assets held for sale. |
Property and Equipment and In_4
Property and Equipment and Investment Properties - Summary of Valuation Technique and Input Variables used to Measure the Fair Value of Investment Property (Details) - Land and buildings - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 3,469,903 | ₩ 2,712,402 |
Description of extent to which fair value of investment property is based on valuation by independent valuer | Investment properties are measured by qualified independent appraisers with recent experience in valuing similar properties in the same area. | |
Description Of Investment Property Of Level Of Fair Value Hierarchy Within Which Fair Value Measurement Is Categorised | In addition, all investment properties are classified as Level 3 in accordance with fair value hierarchy in Note 6.1.2. | |
Cost Approach Method | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 194,157 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Price per square meter - Replacement cost | |
Market comparision Method | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 1,514,800 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Price per square meter | |
Discounted cash flow method | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 1,527,096 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Prospective rental market growth rate - Period of vacancy - Rental ratio - Discount rate and others | |
Income approach method | ||
Disclosure of significant unobservable inputs used in fair value measurement of assets [line items] | ||
Fair value | ₩ 233,850 | |
Description Of Inputs Used In Fair Value Measurement Investment Property | - Discount rate - Capitalization rate - Vacancy rate |
Property and Equipment and In_5
Property and Equipment and Investment Properties - Rental Income from the above Investment Properties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Rental income from investment property, net of direct operating expense [abstract] | ||
Rental income from the investment properties | ₩ 136,493 | ₩ 123,313 |
Intangible Assets - Intangible
Intangible Assets - Intangible Assets (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | ||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | ₩ 3,200,399 | ₩ 3,266,357 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 3,266,357 | |||
Ending | 3,200,399 | $ 2,539,636 | 3,266,357 | |
Insurance expenses and other operating expenses and others in the statements of comprehensive income | 164,308 | 189,791 | ||
Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 6,440,838 | 6,114,490 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 6,114,490 | |||
Ending | 6,440,838 | 6,114,490 | ||
Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (3,149,825) | (2,732,394) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (2,732,394) | |||
Ending | (3,149,825) | (2,732,394) | ||
Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (103,283) | (105,404) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (105,404) | |||
Ending | (103,283) | (105,404) | ||
Others | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 12,669 | (10,335) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (10,335) | |||
Ending | 12,669 | (10,335) | ||
Goodwill | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 845,155 | 806,407 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 806,407 | |||
Ending | 845,155 | 806,407 | ||
Reconciliation Of Changes In Accumulated Impairment Losses Of Intangible Assets Intangible Assets And Goodwill [Abstract] | ||||
Beginning (Accumulated impairment losses of Intangible assets and goodwill) | (70,517) | (70,517) | ||
Changes In Accumulated Impairment Intangible Assets And Goodwill [Abstract] | ||||
Impairment | 0 | 0 | ||
Other | 0 | 0 | ||
Ending (Accumulated impairment losses of Intangible assets and goodwill) | (70,517) | (70,517) | ||
Goodwill | Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 903,003 | 887,259 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 887,259 | |||
Ending | 903,003 | 887,259 | ||
Goodwill | Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 0 | 0 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 0 | |||
Ending | 0 | 0 | ||
Goodwill | Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (70,517) | (70,517) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (70,517) | |||
Ending | (70,517) | (70,517) | ||
Goodwill | Others | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 12,669 | (10,335) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (10,335) | |||
Ending | 12,669 | (10,335) | ||
Industrial property rights | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 1,111 | 1,103 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 1,103 | 2,347 | ||
Acquisition&Transfer | 254 | 207 | ||
Disposal | 0 | (1,080) | ||
Amortization | [1] | (246) | (371) | |
Business combination | 0 | |||
Others | 0 | 0 | ||
Ending | 1,111 | 1,103 | ||
Industrial property rights | Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 4,740 | 3,056 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 3,056 | |||
Ending | 4,740 | 3,056 | ||
Industrial property rights | Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (2,913) | (1,953) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (1,953) | |||
Ending | (2,913) | (1,953) | ||
Industrial property rights | Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (716) | 0 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 0 | |||
Ending | (716) | 0 | ||
Software | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 620,248 | 578,941 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 578,941 | 573,186 | ||
Acquisition&Transfer | 290,229 | 219,128 | ||
Disposal | (332) | (838) | ||
Amortization | [1] | (249,050) | (216,073) | |
Business combination | 8,742 | |||
Others | 460 | (5,204) | ||
Ending | 620,248 | 578,941 | ||
Software | Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 2,260,879 | 1,996,646 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 1,996,646 | |||
Ending | 2,260,879 | 1,996,646 | ||
Software | Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (1,640,631) | (1,417,705) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (1,417,705) | |||
Ending | (1,640,631) | (1,417,705) | ||
Software | Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 0 | 0 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 0 | |||
Ending | 0 | 0 | ||
Other intangible assets | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | [2] | 389,354 | 396,747 | |
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | [2] | 396,747 | 371,773 | |
Acquisition&Transfer | [2] | 69,596 | 100,460 | |
Disposal | [2] | (10,192) | (16,907) | |
Amortization | [1],[2] | (62,270) | (59,761) | |
Business combination | [2] | 0 | ||
Others | [2] | (4,527) | 1,182 | |
Ending | [2] | 389,354 | 396,747 | |
Other intangible assets | Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 841,785 | 797,107 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 797,107 | |||
Ending | 841,785 | 797,107 | ||
Other intangible assets | Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (420,381) | (365,473) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (365,473) | |||
Ending | (420,381) | (365,473) | ||
Other intangible assets | Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (32,050) | (34,887) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (34,887) | |||
Ending | (32,050) | (34,887) | ||
Value of Business Acquired (VOBA) | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 1,341,929 | 1,479,545 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 1,479,545 | 1,635,619 | ||
Acquisition&Transfer | 0 | 0 | ||
Disposal | 0 | 0 | ||
Amortization | [1] | (137,616) | (156,074) | |
Business combination | 0 | |||
Others | 0 | 0 | ||
Ending | 1,341,929 | 1,479,545 | ||
Value of Business Acquired (VOBA) | Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 2,395,291 | 2,395,291 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 2,395,291 | |||
Ending | 2,395,291 | 2,395,291 | ||
Value of Business Acquired (VOBA) | Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (1,053,362) | (915,746) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (915,746) | |||
Ending | (1,053,362) | (915,746) | ||
Value of Business Acquired (VOBA) | Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 0 | 0 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 0 | |||
Ending | 0 | 0 | ||
Right-of-use assets | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 2,602 | 3,614 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 3,614 | 4,626 | ||
Acquisition&Transfer | 0 | 0 | ||
Disposal | 0 | 0 | ||
Amortization | [1] | (1,012) | (1,012) | |
Business combination | 0 | |||
Others | 0 | 0 | ||
Ending | 2,602 | 3,614 | ||
Right-of-use assets | Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 35,140 | 35,131 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 35,131 | |||
Ending | 35,140 | 35,131 | ||
Right-of-use assets | Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (32,538) | (31,517) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (31,517) | |||
Ending | (32,538) | (31,517) | ||
Right-of-use assets | Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 0 | 0 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 0 | |||
Ending | 0 | 0 | ||
Other intangible assets | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 2,355,244 | 2,459,950 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 2,459,950 | 2,587,551 | ||
Acquisition&Transfer | 360,079 | 319,795 | ||
Disposal | (10,524) | (18,825) | ||
Amortization | [1] | (450,194) | (433,291) | |
Business combination | 8,742 | |||
Others | (4,067) | (4,022) | ||
Ending | 2,355,244 | 2,459,950 | ||
Reconciliation Of Changes In Accumulated Impairment Losses Of Intangible Assets Intangible Assets And Goodwill [Abstract] | ||||
Beginning (Accumulated impairment losses of Intangible assets and goodwill) | (34,887) | (36,264) | ||
Changes In Accumulated Impairment Intangible Assets And Goodwill [Abstract] | ||||
Impairment | (1,301) | (5,306) | ||
Reversal | 425 | 2,939 | ||
Disposal and others | 2,997 | 3,744 | ||
Ending (Accumulated impairment losses of Intangible assets and goodwill) | (32,766) | (34,887) | ||
Other intangible assets | Acquisition cost | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 5,537,835 | 5,227,231 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 5,227,231 | |||
Ending | 5,537,835 | 5,227,231 | ||
Other intangible assets | Accumulated amortization | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (3,149,825) | (2,732,394) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (2,732,394) | |||
Ending | (3,149,825) | (2,732,394) | ||
Other intangible assets | Accumulated impairment losses | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | (32,766) | (34,887) | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | (34,887) | |||
Ending | (32,766) | (34,887) | ||
Other intangible assets | Others | ||||
Disclosure of detailed information about intangible assets [line items] | ||||
Carrying Amount | 0 | 0 | ||
Changes in intangible assets other than goodwill [abstract] | ||||
Beginning | 0 | |||
Ending | ₩ 0 | ₩ 0 | ||
[1]Includes ₩ 189,791 million and ₩ 164,308 million recorded as insurance expenses and other operating expenses for the years ended December 31, 2021 and 2022, respectively.[2]Impairment losses for membership right with indefinite useful life among other intangible assets are recognized when its recoverable amount is lower than its carrying amount, and reversal of impairment losses are recognized when its recoverable amount is higher than its carrying amount. |
Intangible Assets - Summary of
Intangible Assets - Summary of Goodwill (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | ₩ 903,003 | ₩ 887,259 | |
Carrying amount | [1] | 845,155 | 806,407 |
Housing&Commercial Bank | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 65,288 | 65,288 | |
Carrying amount | [1] | 65,288 | 65,288 |
KB Cambodia Bank | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 1,202 | 1,202 | |
Carrying amount | [1] | 0 | 0 |
KB Securities Co., Ltd. | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 70,265 | 70,265 | |
Carrying amount | [1] | 58,889 | 58,889 |
KB Capital Co.,Ltd. | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 79,609 | 79,609 | |
Carrying amount | [1] | 79,609 | 79,609 |
KB Savings Bank Co., Ltd. | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 115,343 | 115,343 | |
Carrying amount | [1] | 57,404 | 57,404 |
KB Securities Vietnam Joint Stock Company | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 13,092 | 13,092 | |
Carrying amount | [1] | 13,947 | 13,533 |
KB Daehan Specialized Bank PLC. | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 1,515 | 1,515 | |
Carrying amount | [1] | 1,712 | 1,601 |
PRASAC Microfinance Institution Plc. | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 396,942 | 396,942 | |
Carrying amount | [1] | 415,332 | 388,524 |
PT Sunindo Kookmin Best Finance | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 2,963 | 2,963 | |
Carrying amount | [1] | 2,817 | 2,894 |
PT Bank KB Bukopin TBK | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 89,220 | 89,220 | |
Carrying amount | [1] | 83,619 | 85,893 |
PT. KB Finansia Multi Finance | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 51,820 | 51,820 | |
Carrying amount | [1] | 51,376 | 52,772 |
PT. KB Valbury Sekurita [Member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 11,070 | 0 | |
Carrying amount | [1] | 10,713 | 0 |
I-Finance Leasing [Member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Acquisition cost | 4,674 | 0 | |
Carrying amount | [1] | ₩ 4,449 | ₩ 0 |
[1]Includes the effect of exchange differences and others. |
Intangible Assets - Summary o_2
Intangible Assets - Summary of Allocating Goodwill to Cash Generating Units and Related Information for Impairment Testing (Details) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 KRW (₩) | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 840,706 | |
Recoverable amount exceeded carrying amount | ₩ 11,467,783 | [1] |
Description of basis on which unit's recoverable amount has been determined | For impairment testing, goodwill is allocated to cash-generating units that are expected to benefit from the synergies of the business combination, and cash-generating units consist of an operating segment or units which are not larger than an operating segment. Cash-generating units to which goodwill has been allocated is tested for impairment annually and whenever there is an indication that the unit may be impaired, by comparing the carrying amount of the unit including the goodwill with the recoverable amount of the unit. | |
Explanation of period over which management has projected cash flows | The recoverable amount of a cash-generating unit is measured at the higher of its fair value less costs of disposal and its value in use. | |
Description of key assumptions on which management has based determination of fair value less costs of disposal | The estimated future cash flows are based on the most recent financial budget approved by management with maximum period of 5 years. | |
Description of valuation techniques used to measure fair value less costs of disposal | Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit. The estimated future cash flows are based on the most recent financial budget approved by management with maximum period of 5 years. In relation to subsequent cash flows, it is assumed that cash flows will grow at a certain permanent growth rate. The key assumptions used for the estimation of the future cash flows are based on the market size and the Group’s market share. The discount rate is a pre-tax rate that reflects assumptions regarding risk-free interest rate, market risk premium, and the risks specific to the cash-generating unit. | |
I-Finance Leasing [Member] | ||
Disclosure of information for cash-generating units [line items] | ||
Percentage of voting equity interests acquired | 100% | |
Goodwill recognised as of acquisition date | ₩ 4,449 | |
Retail Banking | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | 49,315 | |
Recoverable amount exceeded carrying amount | ₩ 5,778,171 | [1] |
Discount rate | 16.60% | |
Permanent growth rate | 1% | |
Corporate Banking | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 15,973 | |
Recoverable amount exceeded carrying amount | ₩ 2,905,282 | [1] |
Discount rate | 17.01% | |
Permanent growth rate | 1% | |
KB Securities Co., Ltd. | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 58,889 | |
Recoverable amount exceeded carrying amount | ₩ 29,096 | [1] |
Discount rate | 17.86% | |
Permanent growth rate | 1% | |
KB Capital Co.,Ltd. | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 79,609 | |
Recoverable amount exceeded carrying amount | ₩ 1,019,677 | [1] |
Discount rate | 16.74% | |
Permanent growth rate | 1% | |
KB Savings Bank Co., Ltd. | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 57,404 | |
Recoverable amount exceeded carrying amount | ₩ 730,113 | [1] |
Discount rate | 12.16% | |
Permanent growth rate | 1% | |
KB Securities Vietnam Joint Stock Company | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 13,947 | |
Recoverable amount exceeded carrying amount | ₩ 69,658 | [1] |
Discount rate | 19.66% | |
Permanent growth rate | 1% | |
KB Daehan Specialized Bank PLC. | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 1,712 | |
Recoverable amount exceeded carrying amount | ₩ 23,981 | [1] |
Discount rate | 21.84% | |
Permanent growth rate | 1% | |
PT Bank KB Bukopin TBK | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 83,619 | |
Recoverable amount exceeded carrying amount | ₩ 582,823 | [1] |
Discount rate | 20.16% | |
Permanent growth rate | 3% | |
PRASAC Microfinance Institution Plc. | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 415,332 | |
Recoverable amount exceeded carrying amount | ₩ 122,207 | [1] |
Discount rate | 30.40% | |
Permanent growth rate | 3% | |
PT Sunindo Kookmin Best Finance | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 2,817 | |
Recoverable amount exceeded carrying amount | ₩ 10,699 | [1] |
Discount rate | 18.55% | |
Permanent growth rate | 0% | |
PT. KB Finansia Multi Finance | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 51,376 | |
Recoverable amount exceeded carrying amount | ₩ 128,087 | [1] |
Discount rate | 16.35% | |
Permanent growth rate | 1% | |
PT KB Valbury Sekurita [Member] | ||
Disclosure of information for cash-generating units [line items] | ||
Carrying amounts of goodwill | ₩ 10,713 | |
Recoverable amount exceeded carrying amount | ₩ 67,989 | [1] |
Discount rate | 13.95% | |
Permanent growth rate | 1% | |
[1]The recoverable amount exceeding carrying amount is the amount at the time of impairment testing. |
Lease - Summary of Amounts Reco
Lease - Summary of Amounts Recognized in Consolidated Statement of Financial Position and Comprehensive Income (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Depreciation and amortization of right-of-use assets | ₩ 682,783 | ₩ 602,908 | ₩ 423,684 | |
Interest expense on the lease liabilities | 17,849 | 14,678 | ||
Expense relating to short-term lease | 4,388 | 5,920 | ||
Expense relating to lease of low-value assets that are not short-term lease | 10,089 | 8,434 | ||
Expense relating to variable lease payments not included in lease liabilities (included in administrative expenses) | 3 | 262 | ||
Cash outflow for lease | 272,050 | 267,864 | ||
The amounts recognized in the consolidated statement of financial position | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Right-of-use assets | 587,143 | 579,661 | ||
Lease liabilities | [1] | 592,697 | 578,808 | |
The amounts recognized in the consolidated statement of financial position | Right-of-use property and equipment | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Right-of-use assets | [1] | 584,541 | 576,047 | |
The amounts recognized in the consolidated statement of financial position | Real estate | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Right-of-use assets | [1] | 557,122 | 544,075 | |
The amounts recognized in the consolidated statement of financial position | Vehicles | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Right-of-use assets | [1] | 20,281 | 18,416 | |
The amounts recognized in the consolidated statement of financial position | Others | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Right-of-use assets | [1] | 7,138 | 13,556 | |
The amounts recognized in the consolidated statement of financial position | Right-of-use intangible assets | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Right-of-use assets | [1] | 2,602 | 3,614 | |
The amounts recognized in the consolidated statement of comprehensive income | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Depreciation and amortization of right-of-use assets | 297,521 | 289,992 | ||
The amounts recognized in the consolidated statement of comprehensive income | Real estate | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Depreciation and amortization of right-of-use assets | 271,703 | 262,240 | ||
The amounts recognized in the consolidated statement of comprehensive income | Vehicles | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Depreciation and amortization of right-of-use assets | 17,661 | 17,796 | ||
The amounts recognized in the consolidated statement of comprehensive income | Others | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Depreciation and amortization of right-of-use assets | 7,145 | 8,944 | ||
The amounts recognized in the consolidated statement of comprehensive income | Right-of-use intangible assets | ||||
Disclosure of quantitative information about leases for lessee [Line Items] | ||||
Depreciation and amortization of right-of-use assets | ₩ 1,012 | ₩ 1,012 | ||
[1]Included in property and equipment, intangible assets, and other liabilities. |
Lease - Summary of the Finance
Lease - Summary of the Finance Lease as a Finance Lessor (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Finance Lease By Lessor [Abstract] | ||
Total lease investment | ₩ 1,199,255 | ₩ 1,367,825 |
Present value of minimum lease payments | 889,953 | 919,658 |
Present value of Non-guaranteed residual value | 232,047 | 349,478 |
Net lease investment | 1,122,000 | 1,269,136 |
Unearned interest income | 77,255 | 98,689 |
Disclosure Of Operating Lease By Lessor [Abstract] | ||
Lessor Operating Lease Payments To Be Received | 2,723,597 | 3,016,175 |
Up to 1 year | ||
Disclosure Of Finance Lease By Lessor [Abstract] | ||
Total lease investment | 509,316 | 559,569 |
Present value of minimum lease payments | 363,085 | 379,439 |
Disclosure Of Operating Lease By Lessor [Abstract] | ||
Lessor Operating Lease Payments To Be Received | 919,299 | 918,640 |
1~5 years | ||
Disclosure Of Finance Lease By Lessor [Abstract] | ||
Total lease investment | 679,773 | 808,256 |
Present value of minimum lease payments | 516,701 | 540,219 |
Disclosure Of Operating Lease By Lessor [Abstract] | ||
Lessor Operating Lease Payments To Be Received | 1,576,352 | 1,797,551 |
Over 5 years | ||
Disclosure Of Finance Lease By Lessor [Abstract] | ||
Total lease investment | 10,166 | 0 |
Present value of minimum lease payments | 10,167 | 0 |
Disclosure Of Operating Lease By Lessor [Abstract] | ||
Lessor Operating Lease Payments To Be Received | ₩ 227,946 | ₩ 299,984 |
Deferred Income Tax Assets an_3
Deferred Income Tax Assets and Liabilities - Summary of Deferred Income Tax Assets and Liabilities (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2020 KRW (₩) | |||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | ₩ 3,525,169 | ₩ 2,410,172 | ||||
Total deferred income tax liabilities | (3,296,777) | (3,722,060) | ||||
Total deferred income tax liabilities (assets) | 228,392 | (1,311,888) | ||||
Offsetting Of Deferred Income Tax Assets And Liabilities [Abstract] | ||||||
Offsetting Of Deferred Income Tax Assets | (3,274,084) | (2,251,079) | ||||
Offsetting Of Deferred Income Tax Liabilities | 3,274,084 | 2,251,079 | ||||
Net deferred tax assets and liabilities [abstract] | ||||||
Total net deferred income tax assets | 251,085 | 159,093 | $ 199,245 | |||
Total net deferred income tax liabilities | (22,693) | (1,470,981) | $ (18,008) | |||
Total net deferred income tax liabilities (assets) | 228,392 | (1,311,888) | ||||
Deductible Temporary Differences For Which No Deferred Tax Asset Is Recognised [Abstract] | ||||||
Deductible Temporary Differences For Which No Deferred Tax Asset Is Recognised Investments In Subsidiaries And Others | 1,148,089 | |||||
Deductible Temporary Differences For Which No Deferred Tax Asset Is Recognised Others | 96,750 | |||||
Temporary Differences Associated With Investments In Subsidiaries Branches And Associates And Interests In Joint Ventures [Abstract] | ||||||
Taxable Temporary Differences Associated With Investments In Subsidiaries Branches And Associates And Interests In Joint Ventures | 565,035 | |||||
Taxable Temporary Differences Associated With Business Combination | 65,288 | |||||
Allowances for credit losses | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 2,151 | 28,770 | ||||
Total deferred income tax liabilities | (12,259) | (3,008) | ||||
Total deferred income tax liabilities (assets) | (10,108) | 25,762 | ||||
Impairment losses of property and equipment | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 6,088 | 9,198 | ||||
Total deferred income tax liabilities | (1,476) | (1,833) | ||||
Total deferred income tax liabilities (assets) | 4,612 | 7,365 | ||||
Other provisions | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 195,191 | 178,027 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 195,191 | 178,027 | ||||
Share based payments | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 21,406 | 24,249 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 21,406 | 24,249 | ||||
Provisions for acceptances and guarantees | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 39,787 | 33,091 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 39,787 | 33,091 | ||||
Gains or losses on valuation of derivatives | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 135,985 | 41,289 | ||||
Total deferred income tax liabilities | (207,778) | (139,281) | ||||
Total deferred income tax liabilities (assets) | (71,793) | (97,992) | ||||
Present value discount | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 20,247 | 14,254 | ||||
Total deferred income tax liabilities | (2,571) | (5,929) | ||||
Total deferred income tax liabilities (assets) | 17,676 | 8,325 | ||||
Gains or losses on fair value hedge | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (93,833) | (14,642) | ||||
Total deferred income tax liabilities (assets) | (93,833) | (14,642) | ||||
Deferred loan origination fees and costs | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 13,675 | 10,473 | ||||
Total deferred income tax liabilities | (185,723) | (223,170) | ||||
Total deferred income tax liabilities (assets) | (172,048) | (212,697) | ||||
Accrued interest | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (168,068) | (140,852) | ||||
Total deferred income tax liabilities (assets) | (168,068) | (140,852) | ||||
Advanced depreciation provision | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (4,018) | (1,703) | ||||
Total deferred income tax liabilities (assets) | (4,018) | (1,703) | ||||
Gains or losses on revaluation | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 315 | 0 | ||||
Total deferred income tax liabilities | (292,373) | (318,539) | ||||
Total deferred income tax liabilities (assets) | (292,058) | (318,539) | ||||
Investments in subsidiaries and others | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 48,693 | 42,547 | ||||
Total deferred income tax liabilities | (203,130) | (159,411) | ||||
Total deferred income tax liabilities (assets) | (154,437) | (116,864) | ||||
Gains or losses on valuation of security investment | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 1,040,989 | 104,168 | ||||
Total deferred income tax liabilities | (278,334) | (1,192,004) | ||||
Total deferred income tax liabilities (assets) | 762,655 | (1,087,836) | ||||
Defined benefit liabilities | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 497,982 | 608,471 | ||||
Total deferred income tax liabilities | (799) | 0 | ||||
Total deferred income tax liabilities (assets) | 497,183 | 608,471 | ||||
Accrued expenses | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 268,529 | 281,983 | ||||
Total deferred income tax liabilities | 0 | 0 | ||||
Total deferred income tax liabilities (assets) | 268,529 | 281,983 | ||||
Retirement insurance expense | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (583,156) | (573,895) | ||||
Total deferred income tax liabilities (assets) | (583,156) | (573,895) | ||||
Adjustments to the prepaid contributions | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 0 | 0 | ||||
Total deferred income tax liabilities | (27,986) | (29,273) | ||||
Total deferred income tax liabilities (assets) | (27,986) | (29,273) | ||||
Derivative linked securities | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 10,102 | 2,241 | ||||
Total deferred income tax liabilities | (283,840) | (46,895) | ||||
Total deferred income tax liabilities (assets) | (273,738) | (44,654) | ||||
Others | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 1,224,029 | 1,031,411 | [1] | |||
Total deferred income tax liabilities | (951,433) | (871,625) | [1] | |||
Total deferred income tax liabilities (assets) | 272,596 | 159,786 | [1] | |||
Gross Temporary Difference Unused Tax Losses And Unused Tax Credits [Member] | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax liabilities | (3,296,777) | (3,722,060) | ||||
Deductible temporary differences | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax assets | 3,525,169 | 2,410,172 | ₩ 2,478,283 | |||
The changes in cumulative temporary differences | ||||||
Beginning | 8,237,085 | 8,771,665 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | ₩ 12,494,510 | ₩ 8,237,085 | ||||
Tax rate | 26.50% | 27.50% | ||||
Deductible temporary differences | Allowances for credit losses | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | ₩ 100,178 | ₩ 93,749 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 99,713 | 69,023 | ||||
Increase | 326 | 75,452 | ||||
Ending | 791 | 100,178 | ||||
Deductible temporary differences | Impairment losses of property and equipment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 33,445 | 14,516 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 22,725 | 4,361 | ||||
Increase | 12,255 | 23,290 | ||||
Ending | 22,975 | 33,445 | ||||
Deductible temporary differences | Other provisions | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 649,447 | 544,705 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 625,770 | 527,058 | ||||
Increase | 715,694 | 631,800 | ||||
Ending | 739,371 | 649,447 | ||||
Deductible temporary differences | Share based payments | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 85,308 | 62,085 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 74,120 | 55,002 | ||||
Increase | 69,589 | 78,225 | ||||
Ending | 80,777 | 85,308 | ||||
Deductible temporary differences | Provisions for acceptances and guarantees | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 120,332 | 61,984 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 120,332 | 61,984 | ||||
Increase | 150,140 | 120,332 | ||||
Ending | 150,140 | 120,332 | ||||
Deductible temporary differences | Gains or losses on valuation of derivatives | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 149,817 | 76,238 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 149,817 | 76,238 | ||||
Increase | 513,151 | 149,817 | ||||
Ending | 513,151 | 149,817 | ||||
Deductible temporary differences | Present value discount | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 51,832 | 62,029 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 51,586 | 61,783 | ||||
Increase | 76,153 | 51,586 | ||||
Ending | 76,399 | 51,832 | ||||
Deductible temporary differences | Gains or losses on fair value hedge | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 0 | 76,583 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 76,583 | |||||
Increase | 0 | |||||
Ending | 0 | |||||
Deductible temporary differences | Deferred loan origination fees and costs | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 38,086 | 26,269 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 19,556 | 13,719 | ||||
Increase | 33,075 | 25,536 | ||||
Ending | 51,605 | 38,086 | ||||
Deductible temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 514,340 | 371,001 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 59,444 | 203,470 | ||||
Increase | 863,317 | 346,809 | ||||
Ending | 1,318,213 | 514,340 | ||||
Deductible temporary differences | Gains or losses on valuation of security investment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 368,079 | 251,690 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 368,079 | 252,497 | ||||
Increase | 3,872,016 | 368,886 | ||||
Ending | 3,872,016 | 368,079 | ||||
Deductible temporary differences | Defined benefit liabilities | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 2,376,629 | 2,299,159 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 467,454 | 315,719 | ||||
Increase | 118,171 | 393,189 | ||||
Ending | 2,027,346 | 2,376,629 | ||||
Deductible temporary differences | Accrued expenses | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 1,026,651 | 1,220,283 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 1,026,591 | 1,220,283 | ||||
Increase | 1,013,263 | 1,026,651 | ||||
Ending | 1,013,323 | 1,026,651 | ||||
Deductible temporary differences | Derivative linked securities | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 8,147 | 284,370 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 8,147 | 284,370 | ||||
Increase | 38,123 | 8,147 | ||||
Ending | 38,123 | 8,147 | ||||
Deductible temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | [2] | 3,194,675 | 3,648,764 | |||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 2,306,121 | 554,628 | [2] | |||
Increase | 2,950,445 | 100,539 | [2] | |||
Ending | 3,838,999 | 3,194,675 | [2] | |||
Deductible temporary differences | Gross Temporary Difference Unused Tax Losses And Unused Tax Credits [Member] | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 8,716,966 | 9,093,425 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 5,399,455 | 3,776,718 | ||||
Increase | 10,425,718 | 3,400,259 | ||||
Ending | 13,743,229 | 8,716,966 | ||||
Deductible temporary differences | Other provisions | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 404 | 3,054 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | 3,880 | 404 | ||||
Deductible temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 372,410 | 242,875 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | 1,148,089 | 372,410 | ||||
Deductible temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 107,067 | 75,831 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | 96,750 | 107,067 | ||||
Taxable temporary differences | ||||||
Deferred tax assets and liabilities [abstract] | ||||||
Total deferred income tax liabilities | (3,722,060) | (3,591,024) | ||||
The changes in cumulative temporary differences | ||||||
Beginning | (13,355,239) | (12,981,620) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | ₩ (12,206,079) | ₩ (13,355,239) | ||||
Tax rate | [3] | 26.50% | 27.50% | |||
Taxable temporary differences | Allowances for credit losses | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | ₩ (10,939) | ₩ (12,203) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (10,939) | (12,203) | ||||
Increase | (46,262) | (10,939) | ||||
Ending | (46,262) | (10,939) | ||||
Taxable temporary differences | Impairment losses of property and equipment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (3,731) | (3,935) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (283) | (204) | ||||
Increase | 0 | 0 | ||||
Ending | (3,448) | (3,731) | ||||
Taxable temporary differences | Gains or losses on valuation of derivatives | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (506,476) | (812,662) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (498,609) | (804,383) | ||||
Increase | (747,674) | (498,197) | ||||
Ending | (755,541) | (506,476) | ||||
Taxable temporary differences | Present value discount | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (21,469) | (10,916) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (21,469) | (10,916) | ||||
Increase | (9,703) | (21,469) | ||||
Ending | (9,703) | (21,469) | ||||
Taxable temporary differences | Gains or losses on fair value hedge | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (53,243) | 0 | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (53,243) | 0 | ||||
Increase | (354,085) | (53,243) | ||||
Ending | (354,085) | (53,243) | ||||
Taxable temporary differences | Deferred loan origination fees and costs | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (802,237) | (820,223) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (802,237) | (820,223) | ||||
Increase | (690,979) | (802,237) | ||||
Ending | (690,979) | (802,237) | ||||
Taxable temporary differences | Accrued interest | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (512,188) | (457,626) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (475,840) | (442,101) | ||||
Increase | (597,870) | (496,663) | ||||
Ending | (634,218) | (512,188) | ||||
Taxable temporary differences | Advanced depreciation provision | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (6,192) | (6,192) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (126) | 0 | ||||
Increase | (9,097) | 0 | ||||
Ending | (15,163) | (6,192) | ||||
Taxable temporary differences | Gains or losses on revaluation | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (1,158,322) | (1,162,538) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (92,944) | (48,981) | ||||
Increase | (37,914) | (44,765) | ||||
Ending | (1,103,292) | (1,158,322) | ||||
Taxable temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (964,530) | (646,676) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (87,129) | (150,480) | ||||
Increase | (434,311) | (468,334) | ||||
Ending | (1,311,712) | (964,530) | ||||
Taxable temporary differences | Gains or losses on valuation of security investment | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (4,267,575) | (4,425,922) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (4,263,845) | (2,552,447) | ||||
Increase | (988,618) | (2,394,100) | ||||
Ending | (992,348) | (4,267,575) | ||||
Taxable temporary differences | Defined benefit liabilities | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | 0 | |||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 0 | |||||
Increase | (3,014) | |||||
Ending | (3,014) | 0 | ||||
Taxable temporary differences | Retirement insurance expense | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (2,080,645) | (1,963,061) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (324,513) | (228,784) | ||||
Increase | (437,492) | (346,368) | ||||
Ending | (2,193,624) | (2,080,645) | ||||
Taxable temporary differences | Adjustments to the prepaid contributions | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (106,446) | (102,768) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (106,446) | (102,768) | ||||
Increase | (105,608) | (106,446) | ||||
Ending | (105,608) | (106,446) | ||||
Taxable temporary differences | Derivative linked securities | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (170,526) | (112,293) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (170,526) | (112,293) | ||||
Increase | (1,071,093) | (170,526) | ||||
Ending | (1,071,093) | (170,526) | ||||
Taxable temporary differences | Goodwill from merger | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (65,288) | (65,288) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | (65,288) | (65,288) | ||||
Taxable temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | [2] | (3,095,313) | (2,706,386) | |||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | [2] | (1,832,328) | (1,819,652) | |||
Increase | [2] | (2,218,485) | (2,208,579) | |||
Ending | [2] | (3,481,470) | (3,095,313) | |||
Taxable temporary differences | Gross Temporary Difference Unused Tax Losses And Unused Tax Credits [Member] | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (13,825,120) | (13,308,689) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | (8,740,477) | (7,105,435) | ||||
Increase | (7,752,205) | (7,621,866) | ||||
Ending | (12,836,848) | (13,825,120) | ||||
Taxable temporary differences | Goodwill arising from the merger | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (65,288) | (65,288) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Decrease | 0 | 0 | ||||
Increase | 0 | 0 | ||||
Ending | (65,288) | (65,288) | ||||
Taxable temporary differences | Investments in subsidiaries and others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (404,147) | (260,739) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | (565,035) | (404,147) | ||||
Taxable temporary differences | Others | ||||||
The changes in cumulative temporary differences | ||||||
Beginning | (446) | (1,042) | ||||
Changes In Temporary Difference Unused Tax Losses And Unused Tax Credits [Abstract] | ||||||
Ending | ₩ (446) | ₩ (446) | ||||
[1]Includes Purchase Price Allocation (“PPA”) amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others.[2]Includes PPA amount arising from the acquisition of KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.), KB Insurance Co., Ltd. and others.[3]The corporate tax rate was changed due to the amendment of corporate tax law in 2022. Accordingly, the rate of 26.5% has been applied for the deferred tax assets and liabilities expected to be utilized in periods after December 31, 2022. |
Deferred Income Tax Assets an_4
Deferred Income Tax Assets and Liabilities - Summary of Deferred Income Tax Assets and Liabilities Parenthetical (Details) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Applicable tax rate | [1] | 27.32% | 27.33% | 27.28% |
Amendment of tax law 2022 [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Applicable tax rate | 26.50% | |||
[1]Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. |
Assets Held for Sale and Asse_3
Assets Held for Sale and Assets of a Disposal Group Held for Sale - Assets Held for Sale (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2022 USD ($) | ||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | ₩ 211,758 | ₩ 237,318 | $ 168,038 | |
Fair value less costs to sell | ₩ 244,395 | 289,539 | ||
Changes In Accumulated Impairment Of Assets Held For Sale [Abstract] | ||||
Description of non-current asset or disposal group held for sale which were sold or reclassified | As of December 31, 2022, assets held for sale consist of 11 real estates of closed offices and 438 foreclosure assets on loans of PT Bank KB Bukopin Tbk, which were determined to sell by management, but not yet sold as of December 31, 2022. Negotiation with buyers is in process for the one closed office and the remaining 438 assets are also being actively marketed. | |||
Acquisition cost | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | [1] | ₩ 273,869 | 296,133 | |
Accumulated impairment losses | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | (62,111) | (58,815) | ||
Changes In Accumulated Impairment Of Assets Held For Sale [Abstract] | ||||
Provision | (7,587) | (15,490) | ||
Beginning | (58,815) | (46,115) | ||
Reversal | 242 | 0 | ||
Disposal and others | 4,049 | 2,790 | ||
Ending | (62,111) | (58,815) | ||
Land held for sale | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | 85,954 | 98,571 | ||
Fair value less costs to sell | 104,990 | 135,192 | ||
Land held for sale | Acquisition cost | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | [1] | 106,349 | 115,099 | |
Land held for sale | Accumulated impairment losses | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | (20,395) | (16,528) | ||
Buildings held for sale | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | 124,104 | 133,969 | ||
Fair value less costs to sell | 137,706 | 149,569 | ||
Buildings held for sale | Acquisition cost | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | [1] | 162,973 | 170,892 | |
Buildings held for sale | Accumulated impairment losses | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | (38,869) | (36,923) | ||
Other assets held for sale | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | 1,700 | 4,778 | ||
Fair value less costs to sell | 1,699 | 4,778 | ||
Other assets held for sale | Acquisition cost | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | [1] | 4,547 | 10,142 | |
Other assets held for sale | Accumulated impairment losses | ||||
Disclosure Of Assets Held For Sale [Line Items] | ||||
Carrying amount | ₩ (2,847) | ₩ (5,364) | ||
[1]Acquisition cost of buildings held for sale is net of accumulated depreciation amount immediately before the initial classification of the assets as held for sale. |
Assets Held for Sale and Asse_4
Assets Held for Sale and Assets of a Disposal Group Held for Sale - Summary of Valuation Technique and Input Variables that are Used to Measure the fair Value of Assets Held for Sale (Details) - Land and buildings ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 KRW (₩) | ||
Disclosure Of Significant Unobservable Inputs Used In Fair Value Measurement Of Assests Held For Sale [Line Items] | ||
Fair value | ₩ 244,395 | |
Unobservable input | Adjustment index | [1] |
Range of unobservable inputs | 0.68 ~ 1.95 | |
Relationship of unobservable inputs to fair value | Fair value increases as the adjustment index rises | |
Description Of Valuation Processes Used In Fair Value Measurement Assets Held For Sale | Sales comparison approach model and others | [2] |
Description Of Assets Held For Sale Of Level Of Fair Value Hierarchy Within Which Fair Value Measurement Is Categorised | Among assets held for sale, real estate was measured by independent appraisers with professional qualifications and recent experience in evaluating similar properties in the area of the property to be assessed. All assets held for sale are classified as Level 3 in accordance with fair value hierarchy in Note 6.1.2. | |
[1]Adjustment index is calculated using the time factor correction or local factors or individual factors.[2]The appraisal value is adjusted by the adjustment ratio in the event the public sale is unsuccessful. |
Assets Held for Sale and Asse_5
Assets Held for Sale and Assets of a Disposal Group Held for Sale - Summary of Assets of Disposal Group Held for Sale (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | ₩ 0 | $ 0 | ₩ 171,749 |
498 Seventh Holdco LP | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 556 | ||
498 Seventh KOR LLC | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 171,193 | ||
Cash | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 1,068 | ||
Cash | 498 Seventh Holdco LP | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 556 | ||
Cash | 498 Seventh KOR LLC | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 512 | ||
Investments in associates | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 169,424 | ||
Investments in associates | 498 Seventh Holdco LP | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 0 | ||
Investments in associates | 498 Seventh KOR LLC | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 169,424 | ||
Other assets | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 1,257 | ||
Other assets | 498 Seventh Holdco LP | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | 0 | ||
Other assets | 498 Seventh KOR LLC | |||
Disclosure Of Details Of Assets Of A Disposal Group Held For Sale [Line Items] | |||
Assets of a disposal group held for sale | ₩ 1,257 |
Assets Held for Sale and Asse_6
Assets Held for Sale and Assets of a Disposal Group Held for Sale - Summary of Accumulated Other Comprehensive Income Relating to Assets (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Disclosure Of Accumulated Other Comprehensive Income Relating To Assets Of A Disposal Group Held For Sale [Line Items] | |||
Accumulated other comprehensive income relating to assets of a disposal group held for sale | ₩ 0 | $ 0 | ₩ 7,671 |
Currency translation differences | |||
Disclosure Of Accumulated Other Comprehensive Income Relating To Assets Of A Disposal Group Held For Sale [Line Items] | |||
Accumulated other comprehensive income relating to assets of a disposal group held for sale | ₩ 7,671 |
Assets Held for Sale and Asse_7
Assets Held for Sale and Assets of a Disposal Group Held for Sale - Additional Information (Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2021 KRW (₩) | |
Disclosure Of Assets Held For Sale [Abstract] | |
Impairment loss | ₩ 0 |
Other Assets - Summary of Other
Other Assets - Summary of Other Assets (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2022 USD ($) | |
Other Assets [Line Items] | |||
Other assets | ₩ 28,437,529 | ₩ 28,174,173 | $ 22,566,244 |
Allowances for credit losses | |||
Changes In Accumulated Impairment Of Other Assets [Abstract] | |||
Beginning | 159,377 | 137,282 | |
Write-offs | (10,098) | (3,884) | |
Provision (reversal) | 17,406 | 24,940 | |
Business combination | 267 | 227 | |
Others | 6,982 | 812 | |
Ending | 173,934 | 159,377 | |
Other financial assets | |||
Other Assets [Line Items] | |||
Other assets | 11,209,350 | 10,755,350 | |
Other financial assets | Other receivables | |||
Other Assets [Line Items] | |||
Other assets | 6,648,187 | 6,732,917 | |
Other financial assets | Accrued income | |||
Other Assets [Line Items] | |||
Other assets | 2,507,324 | 1,916,667 | |
Other financial assets | Guarantee deposits | |||
Other Assets [Line Items] | |||
Other assets | 984,176 | 1,035,522 | |
Other financial assets | Domestic exchange settlement debits | |||
Other Assets [Line Items] | |||
Other assets | 879,847 | 1,014,938 | |
Other financial assets | Others | |||
Other Assets [Line Items] | |||
Other assets | 352,955 | 204,940 | |
Other financial assets | Allowances for credit losses | |||
Other Assets [Line Items] | |||
Other assets | (155,404) | (143,205) | |
Changes In Accumulated Impairment Of Other Assets [Abstract] | |||
Beginning | 143,205 | 119,762 | |
Write-offs | (10,028) | (3,504) | |
Provision (reversal) | 15,224 | 25,387 | |
Business combination | 267 | 227 | |
Others | 6,736 | 1,333 | |
Ending | 155,404 | 143,205 | |
Other financial assets | Less Present value discount | |||
Other Assets [Line Items] | |||
Less: Present value discount | (7,735) | (6,429) | |
Other non financial assets | |||
Other Assets [Line Items] | |||
Other assets | 17,228,179 | 17,418,823 | |
Other non financial assets | Other receivables | |||
Other Assets [Line Items] | |||
Other assets | 5,653 | 1,764 | |
Other non financial assets | Prepaid expenses | |||
Other Assets [Line Items] | |||
Other assets | 471,258 | 254,990 | |
Other non financial assets | Guarantee deposits | |||
Other Assets [Line Items] | |||
Other assets | 3,157 | 7,268 | |
Other non financial assets | Insurance assets | |||
Other Assets [Line Items] | |||
Other assets | 3,248,548 | 2,924,698 | |
Other non financial assets | Separate account assets | |||
Other Assets [Line Items] | |||
Other assets | 9,820,673 | 10,556,935 | |
Other non financial assets | Others | |||
Other Assets [Line Items] | |||
Other assets | 3,697,420 | 3,689,340 | |
Other non financial assets | Allowances for credit losses | |||
Other Assets [Line Items] | |||
Less: Present value discount | (18,530) | (16,172) | |
Changes In Accumulated Impairment Of Other Assets [Abstract] | |||
Beginning | 16,172 | 17,520 | |
Write-offs | (70) | (380) | |
Provision (reversal) | 2,182 | (447) | |
Business combination | 0 | 0 | |
Others | 246 | (521) | |
Ending | ₩ 18,530 | ₩ 16,172 |
Financial Liabilities at Fair_3
Financial Liabilities at Fair Value Through Profit or Loss - Summary of Financial Liabilities At Fair Value Through Profit Or Loss (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Disclosure of financial liabilities [line items] | |||
Financial liabilities at fair value through profit or loss | ₩ 12,271,604 | $ 9,737,977 | ₩ 12,088,980 |
Financial liabilities at fair value through profit or loss | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities at fair value through profit or loss | 2,193,210 | 2,939,584 | |
Securities sold | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities at fair value through profit or loss | 2,102,537 | 2,826,885 | |
Others | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities at fair value through profit or loss | 90,673 | 112,699 | |
Financial liabilities designated at fair value through profit or loss | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities at fair value through profit or loss | 10,078,394 | 9,149,396 | |
Derivative linked securities | |||
Disclosure of financial liabilities [line items] | |||
Financial liabilities at fair value through profit or loss | ₩ 10,078,394 | ₩ 9,149,396 |
Financial Liabilities at Fair_4
Financial Liabilities at Fair Value Through Profit or Loss - Summary of Difference Between Carrying Amount And Contractually Required to Pay at Maturity Of Financial Liabilities Designated At Fair Value Through Profit Or Loss Explanatory (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Disclosure of financial liabilities [line items] | |||
Carrying amount | ₩ 12,271,604 | $ 9,737,977 | ₩ 12,088,980 |
Financial liabilities designated at fair value through profit or loss | |||
Disclosure of financial liabilities [line items] | |||
Amount contractually required to pay at maturity | 9,973,340 | 8,957,602 | |
Carrying amount | 10,078,394 | 9,149,396 | |
Difference | ₩ (105,054) | ₩ (191,794) |
Deposits - Summary of Deposits
Deposits - Summary of Deposits (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | ₩ 388,888,452 | $ 308,597,543 | ₩ 372,023,918 |
Time deposits | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | 217,638,734 | 171,392,962 | |
Demand deposits in foreign currencies | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | 12,844,385 | 15,955,246 | |
Demand deposits | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | 164,923,842 | 196,515,268 | |
Demand deposits in Korean won | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | 152,079,457 | 180,560,022 | |
Time Deposits In Korean Won | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | 194,117,692 | 155,799,563 | |
Time deposits in foreign currencies | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | 23,529,633 | 15,594,718 | |
Fair value adjustments of fair value hedged time deposits in foreign currencies | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Fair value adjustments on valuation of fair value hedged items | (8,591) | (1,319) | |
Time deposits in foreign currencies net of fair value adjustments of fair value hedged time deposits | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | 23,521,042 | 15,593,399 | |
Certificates of deposits | |||
Disclosure Of Deposits From Customers [Line Items] | |||
Deposits | ₩ 6,325,876 | ₩ 4,115,688 |
Borrowings - Summary of Debt Se
Borrowings - Summary of Debt Securities Explanatory (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Borrowings [abstract] | |||
General Borrowings | ₩ 55,789,869 | ₩ 40,859,845 | |
Bonds sold under repurchase agreements and others | 11,773,494 | 14,374,863 | |
Call money | 4,154,003 | 1,677,666 | |
Total | ₩ 71,717,366 | $ 56,910,414 | ₩ 56,912,374 |
Borrowings - Summary of Details
Borrowings - Summary of Details of Borrowings (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 55,789,869 | ₩ 40,859,845 |
The Korea Development Bank and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 19,806,869 | 13,292,759 |
The Korea Development Bank and others | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0% | |
The Korea Development Bank and others | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 8.79% | |
Korea Securities Finance Corporation and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 2,189,510 | 1,935,906 |
Korea Securities Finance Corporation and others | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 1.39% | |
Korea Securities Finance Corporation and others | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 6.96% | |
SEMAS and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 2,670,867 | 2,683,056 |
SEMAS and others | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0% | |
SEMAS and others | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 3.23% | |
Borrowings in foreign currencies | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 21,925,974 | 15,645,623 |
Shinhan Bank and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 914,360 | 171,482 |
Shinhan Bank and others | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 2.49% | |
Shinhan Bank and others | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 6.53% | |
Borrowings in Korean won | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 33,863,895 | 25,214,222 |
The Bank of Korea | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 8,282,289 | 7,131,019 |
The Bank of Korea | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0.25% | |
The Bank of Korea | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 1.75% | |
Bank of China Seoul Branch and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 18,266 | 2,143 |
Central Bank of Uzbekistan and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 16,296,725 | 13,396,379 |
Central Bank of Uzbekistan and others | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0% | |
Central Bank of Uzbekistan and others | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 14% | |
The Export-Import Bank of Korea and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 38,249 | 24,867 |
The Export-Import Bank of Korea and others | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 5.07% | |
The Export-Import Bank of Korea and others | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 5.89% | |
Standard Chartered Bank and others | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
General Borrowings | ₩ 5,572,734 | ₩ 2,222,234 |
Standard Chartered Bank and others | Bottom of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 0% | |
Standard Chartered Bank and others | Top of range [member] | ||
Disclosure Of Detailed Information About General Borrowings [Line Items] | ||
Annual interest rate | 8% |
Borrowings - Schedule of Repurc
Borrowings - Schedule of Repurchase Agreements (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information About Repurchase Agreements And Others [Line Items] | ||
Repurchase Agreements And Others | ₩ 11,773,494 | ₩ 14,374,863 |
Individuals, groups and corporations | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others [Line Items] | ||
Repurchase Agreements And Others | ₩ 11,769,694 | 14,372,761 |
Individuals, groups and corporations | Bottom of range [member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others [Line Items] | ||
Annual interest rate | 0% | |
Individuals, groups and corporations | Top of range [member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others [Line Items] | ||
Annual interest rate | 9.75% | |
Counter sale | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others [Line Items] | ||
Repurchase Agreements And Others | ₩ 3,800 | ₩ 2,102 |
Counter sale | Bottom of range [member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others [Line Items] | ||
Annual interest rate | 1.55% | |
Counter sale | Top of range [member] | ||
Disclosure Of Detailed Information About Repurchase Agreements And Others [Line Items] | ||
Annual interest rate | 2% |
Borrowings - Summary of Detai_2
Borrowings - Summary of Details of Call Money (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information About Call Money [Line Items] | ||
Call money | ₩ 4,154,003 | ₩ 1,677,666 |
Samsung Asset Management and others | ||
Disclosure Of Detailed Information About Call Money [Line Items] | ||
Call money | ₩ 2,943,500 | 40,000 |
Samsung Asset Management and others | Bottom Of Range Member | ||
Disclosure Of Detailed Information About Call Money [Line Items] | ||
Annual interest rate | 2.90% | |
Samsung Asset Management and others | Top Of Range Member | ||
Disclosure Of Detailed Information About Call Money [Line Items] | ||
Annual interest rate | 5.05% | |
BANK CIMB NIAGA and others | ||
Disclosure Of Detailed Information About Call Money [Line Items] | ||
Call money | ₩ 1,210,503 | ₩ 1,637,666 |
BANK CIMB NIAGA and others | Bottom Of Range Member | ||
Disclosure Of Detailed Information About Call Money [Line Items] | ||
Annual interest rate | 0% | |
BANK CIMB NIAGA and others | Top Of Range Member | ||
Disclosure Of Detailed Information About Call Money [Line Items] | ||
Annual interest rate | 7.80% |
Debentures - Summary Of Detail
Debentures - Summary Of Details of Debentures (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2022 USD ($) | ||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | ₩ 68,698,203 | ₩ 67,430,188 | $ 54,514,596 | |
Debentures in Korean won | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | 56,187,464 | 57,370,312 | ||
Korean Won Gross Carrying Amount [Member] | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | 56,474,694 | 57,500,884 | ||
Structured debentures | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | ₩ 710 | 910 | ||
Structured debentures | Bottom Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 5.65% | 5.65% | ||
Structured debentures | Top Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 8.62% | 8.62% | ||
Exchangeable bonds | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | [1] | ₩ 240,000 | 240,000 | |
Exchangeable bonds | Bottom Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | [1] | 0% | 0% | |
Exchangeable bonds | Top Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | [1] | 0% | 0% | |
Subordinated fixed rate debentures | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | ₩ 5,354,890 | 6,241,957 | ||
Subordinated fixed rate debentures | Bottom Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 2.02% | 2.02% | ||
Subordinated fixed rate debentures | Top Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 7.86% | 7.86% | ||
Fixed rate debentures | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | ₩ 45,424,094 | 44,124,235 | ||
Fixed rate debentures | Bottom Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 0.99% | 0.99% | ||
Fixed rate debentures | Top Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 13.70% | 13.70% | ||
Floating rate debentures | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | ₩ 5,455,000 | 6,893,782 | ||
Floating rate debentures | Bottom Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 1.54% | 1.54% | ||
Floating rate debentures | Top Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 6.36% | 6.36% | ||
Fair value adjustments of fair value hedged debentures in Korean won | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Gains (losses) on the hedged items attributable to the hedged risk | ₩ (249,629) | (79,877) | ||
Less Discount on debentures in Korean won | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Discount On Debentures | (29,166) | (38,976) | ||
Less: Adjustment for exchange right of exchangeable bonds in Korean won | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Discount On Debentures | (8,435) | (11,719) | ||
Debentures in foreign currencies | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | 12,510,739 | 10,059,876 | ||
Foreign Currencies Gross Carrying Amount [Member] | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | 12,650,585 | 10,062,140 | ||
Floating rate debentures | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | ₩ 2,168,341 | 2,749,174 | ||
Floating rate debentures | Bottom Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 2.42% | 2.42% | ||
Floating rate debentures | Top Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 5.98% | 5.98% | ||
Fixed rate debentures | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Debentures | ₩ 10,482,244 | 7,312,966 | ||
Fixed rate debentures | Bottom Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 0.05% | 0.05% | ||
Fixed rate debentures | Top Of Range Member | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Annual interest rate | 12% | 12% | ||
Fair value adjustments of fair value hedged debentures in foreign currencies | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Gains (losses) on the hedged items attributable to the hedged risk | ₩ (95,865) | 27,953 | ||
Less Discount on debentures in foreign currencies | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Discount On Debentures | ₩ (43,981) | ₩ (30,217) | ||
[1]Fair value of the liability component of exchangeable bonds is calculated by using market interest rate of bonds under the same conditions without the exchange right. The residual amount after deducting the liability component from the issuance amount, represents the value of the exchange right and is recorded in equity. Shares to be exchanged are 5 million treasury shares of KB Financial Group Inc. with the exchange price of ₩ 48,000. Exercise period for exchange right is from the 60th day of the issuance date to 10 days before the maturity date. |
Debentures - Summary Of Details
Debentures - Summary Of Details of Debentures (Parenthetical) (Details) - Exchangeable Bonds [Member] | 12 Months Ended |
Dec. 31, 2022 KRW (₩) shares | |
Disclosure Of Detailed Information About Debentures [Line Items] | |
Exchangeable bonds, description of exercise period for exchange right | Exercise period for exchange right is from the 60th day of the issuance date to 10 days before the maturity date. |
Treasury shares [member] | |
Disclosure Of Detailed Information About Debentures [Line Items] | |
Treasury shares, to be exchanged | shares | 5,000,000 |
Treasury shares, Exchange price | ₩ | ₩ 48,000 |
Debentures - Summary Of Changes
Debentures - Summary Of Changes In Debentures Based on Face Value (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | ₩ 67,563,024 | ₩ 62,759,504 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 107,645,124 | 121,795,971 |
Repayments | (106,631,213) | (117,509,585) |
Others | 548,344 | 517,134 |
Ending | 69,125,279 | 67,563,024 |
Debentures in Korean won | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 57,500,884 | 55,495,986 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 102,418,415 | 117,789,512 |
Repayments | (103,444,605) | (115,784,614) |
Others | 0 | 0 |
Ending | 56,474,694 | 57,500,884 |
Structured debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 910 | 1,960 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 0 | 0 |
Repayments | (200) | (1,050) |
Others | 0 | 0 |
Ending | 710 | 910 |
Exchangeable bonds | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 240,000 | 240,000 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 0 | 0 |
Repayments | 0 | 0 |
Others | 0 | 0 |
Ending | 240,000 | 240,000 |
Subordinated fixed rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 6,241,957 | 4,834,407 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 286,000 | 1,409,000 |
Repayments | (1,173,067) | (1,450) |
Others | 0 | 0 |
Ending | 5,354,890 | 6,241,957 |
Fixed rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 44,124,235 | 47,229,619 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 96,782,415 | 110,295,448 |
Repayments | (95,482,556) | (113,400,832) |
Others | 0 | 0 |
Ending | 45,424,094 | 44,124,235 |
Floating rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 6,893,782 | 3,190,000 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 5,350,000 | 6,085,064 |
Repayments | (6,788,782) | (2,381,282) |
Others | 0 | 0 |
Ending | 5,455,000 | 6,893,782 |
Debentures in foreign currencies | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 10,062,140 | 7,263,518 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 5,226,709 | 4,006,459 |
Repayments | (3,186,608) | (1,724,971) |
Others | 548,344 | 517,134 |
Ending | 12,650,585 | 10,062,140 |
Floating rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 2,749,174 | 2,232,938 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 1,286,016 | 810,920 |
Repayments | (2,072,615) | (500,901) |
Others | 205,766 | 206,217 |
Ending | 2,168,341 | 2,749,174 |
Fixed rate debentures | ||
Reconciliation Of Changes In Debentures Based On Face Value [Abstract] | ||
Beginning | 7,312,966 | 5,030,580 |
Changes In Debentures Based On Face Value [Abstract] | ||
Issues | 3,940,693 | 3,195,539 |
Repayments | (1,113,993) | (1,224,070) |
Others | 342,578 | 310,917 |
Ending | ₩ 10,482,244 | ₩ 7,312,966 |
Provisions - Summary of Other P
Provisions - Summary of Other Provisions (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | ||
Reconciliation of Changes In Other Provisions | ||||
Beginning | ₩ 808,604 | |||
Transfer between stages: | ||||
Ending | 968,819 | $ 768,794 | ₩ 808,604 | |
Provisions for credit losses of unused loan commitments | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 308,640 | |||
Transfer between stages: | ||||
Ending | 342,182 | 308,640 | ||
Provisions for credit losses of unused loan commitments | 12-month expected credit losses | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 153,997 | 162,721 | ||
Transfer between stages: | ||||
Transfer To 12month Expected Credit Losses | 41,314 | 38,831 | ||
Transfer To Lifetime Expected Credit Losses | (19,232) | (27,308) | ||
Impairment | (338) | (457) | ||
Increase | (22,543) | |||
Reversal | 2,587 | |||
Business combination | 813 | |||
Others | 1,557 | 1,940 | ||
Ending | 179,885 | 153,997 | ||
Provisions for credit losses of unused loan commitments | Non-impaired | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 146,619 | 127,463 | ||
Transfer between stages: | ||||
Transfer To 12month Expected Credit Losses | (40,375) | (37,595) | ||
Transfer To Lifetime Expected Credit Losses | 19,848 | 28,203 | ||
Impairment | (1,705) | (1,002) | ||
Increase | 25,743 | 29,145 | ||
Business combination | 0 | |||
Others | 937 | 405 | ||
Ending | 151,067 | 146,619 | ||
Provisions for credit losses of unused loan commitments | Impaired | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 8,024 | 8,569 | ||
Transfer between stages: | ||||
Transfer To 12month Expected Credit Losses | (939) | (1,236) | ||
Transfer To Lifetime Expected Credit Losses | (616) | (895) | ||
Impairment | 2,043 | 1,459 | ||
Increase | 2,738 | |||
Reversal | 127 | |||
Business combination | 0 | |||
Others | (20) | 0 | ||
Ending | 11,230 | 8,024 | ||
Provisions for credit losses of acceptances and guarantees | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 121,104 | |||
Transfer between stages: | ||||
Ending | 153,529 | 121,104 | ||
Provisions for credit losses of acceptances and guarantees | 12-month expected credit losses | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 27,397 | 33,088 | ||
Transfer between stages: | ||||
Transfer To 12month Expected Credit Losses | 1,144 | 3,958 | ||
Transfer To Lifetime Expected Credit Losses | (355) | (3,973) | ||
Impairment | (9) | (10) | ||
Increase | (7,425) | |||
Reversal | (1,689) | |||
Business combination | 0 | |||
Others | 418 | 1,759 | ||
Ending | 26,906 | 27,397 | ||
Provisions for credit losses of acceptances and guarantees | Non-impaired | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 82,170 | 14,838 | ||
Transfer between stages: | ||||
Transfer To 12month Expected Credit Losses | (1,144) | (203) | ||
Transfer To Lifetime Expected Credit Losses | 1,016 | 3,982 | ||
Impairment | (142) | (85) | ||
Increase | 33,983 | |||
Reversal | 64,178 | |||
Business combination | 0 | |||
Others | 2,841 | (540) | ||
Ending | 118,724 | 82,170 | ||
Provisions for credit losses of acceptances and guarantees | Impaired | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 11,537 | 14,328 | ||
Transfer between stages: | ||||
Transfer To 12month Expected Credit Losses | 0 | (3,755) | ||
Transfer To Lifetime Expected Credit Losses | (661) | (9) | ||
Impairment | 151 | 95 | ||
Increase | (3,262) | |||
Reversal | 711 | |||
Business combination | 0 | |||
Others | 134 | 167 | ||
Ending | 7,899 | 11,537 | ||
Provisions for credit losses of financial guarantee contracts | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 5,351 | 6,348 | ||
Transfer between stages: | ||||
Increase | (830) | |||
Reversal | (2,396) | |||
Others | 0 | (167) | ||
Ending | 2,955 | 5,351 | ||
Total | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 221,323 | 195,852 | ||
Transfer between stages: | ||||
Increase | 154,540 | 171,455 | ||
Decrease | (64,743) | (146,161) | ||
Others | 177 | |||
Ending | 311,120 | 221,323 | ||
Total | Non-impaired | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | [1] | 221,323 | ||
Transfer between stages: | ||||
Increase | [1] | 311,120 | ||
Ending | [1] | 221,323 | ||
Provisions for restoration costs | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 152,186 | 151,696 | ||
Transfer between stages: | ||||
Increase | 17,270 | 11,350 | ||
Reversal | 210 | (2,075) | ||
Used | (23,916) | (15,739) | ||
Unwinding of discount | 2,725 | 1,589 | ||
Effect of changes in discount rate | 10,558 | 5,365 | ||
Ending | ₩ 159,033 | ₩ 152,186 | ||
Description Of Nature Of Provisions For Restoration Cost | Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate are used to estimate the present value of estimated costs. | Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate are used to estimate the present value of estimated costs. | Provisions for restoration costs are the present value of estimated costs to be incurred for the restoration of the leased properties. The expenditure of the restoration cost will be incurred at the end of each lease contract, and the lease period is used to reasonably estimate the time of expenditure. Also, the average restoration expense based on actual three-year historical data and three-year historical average inflation rate are used to estimate the present value of estimated costs. | |
Membership rewards program | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | ₩ 22,902 | ₩ 19,501 | ||
Transfer between stages: | ||||
Increase | 84 | 77,384 | ||
Decrease | (22,940) | (73,983) | ||
Others | 0 | |||
Ending | 46 | 22,902 | ||
Dormant accounts | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 3,062 | 3,007 | ||
Transfer between stages: | ||||
Increase | 2,666 | 3,429 | ||
Decrease | (2,934) | (3,374) | ||
Others | 0 | |||
Ending | 2,794 | 3,062 | ||
Others | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 140,191 | 132,827 | ||
Transfer between stages: | ||||
Increase | 89,179 | 71,972 | ||
Decrease | (34,617) | (64,614) | ||
Others | 6 | |||
Ending | 194,753 | 140,191 | ||
Litigations | ||||
Reconciliation of Changes In Other Provisions | ||||
Beginning | 55,168 | 40,517 | ||
Transfer between stages: | ||||
Increase | 62,611 | 18,670 | ||
Decrease | (4,252) | (4,190) | ||
Others | 171 | |||
Ending | ₩ 113,527 | ₩ 55,168 | ||
[1]Includes provisions for redemption-suspended funds. |
Net Defined Benefit Liabiliti_3
Net Defined Benefit Liabilities - Summary of Changes in the Net Defined Benefit Liabilities (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | Dec. 31, 2022 USD ($) | |||
Disclosure of net defined benefit liability (asset) [line items] | ||||||
Beginning | ₩ 125,438 | [1] | ₩ 188,970 | |||
Changes in net defined benefit liability (asset) [abstract] | ||||||
Current service cost | 249,099 | 241,448 | ₩ 233,273 | |||
Past service cost | 3,669 | 451 | ||||
Gains on settlement | (1,859) | (4,311) | (1,912) | |||
Interest expense (income) | 2,485 | 2,921 | 4,743 | |||
Remeasurements: | ||||||
Actuarial gains and losses by changes in demographic assumptions | 33,078 | 27,611 | ||||
Actuarial gains and losses by changes in financial assumptions | (479,797) | 52,684 | ||||
Actuarial gains and losses by experience adjustments | 47,086 | (24,592) | ||||
Return on plan assets (excluding amounts included in interest income) | 68,550 | 9,438 | 6,308 | |||
Contributions by the Group | (400,689) | (319,601) | ||||
Contributions by the employees | 0 | (17,574) | ||||
Payments from plans (settlement) | (78) | (17) | ||||
Payments from plans (benefit payments) | (1,198) | (2) | ||||
Payments from the Group | (43,269) | (34,242) | ||||
Transfer in | 697 | 562 | ||||
Transfer out | (41) | 0 | ||||
Effect of exchange differences | 1,287 | 1,623 | ||||
Effect of business acquisition and disposal | 2,635 | 21 | ||||
Others | (282) | 48 | ||||
Ending | ₩ (393,189) | [1] | 125,438 | [1] | 188,970 | |
Description of type of plan | The Group has the obligation to pay the agreed benefits to all its current and former employees. | |||||
Description of risks to which plan exposes entity | The Group assumes actuarial risk (that benefits will cost more than expected) and investment risk. | |||||
Description of significant actuarial assumptions made and method used to calculate actuarial present value of promised retirement benefits | The net defined benefit liabilities recognized in the consolidated statement of financial position are calculated by the independent actuary in accordance with actuarial valuation method. | |||||
Net defined benefit liability (asset) | ₩ 393,189 | 125,438 | ||||
Net defined benefit asset | 478,934 | 100,083 | $ 380,052 | |||
Net defined benefit liability | 85,745 | 225,521 | $ 68,042 | |||
Present value of defined benefit obligation | ||||||
Disclosure of net defined benefit liability (asset) [line items] | ||||||
Beginning | 2,572,517 | [1] | 2,491,923 | |||
Changes in net defined benefit liability (asset) [abstract] | ||||||
Current service cost | 249,099 | 241,448 | ||||
Past service cost | 3,669 | 451 | ||||
Gains on settlement | (1,859) | (4,311) | ||||
Interest expense (income) | 65,357 | 47,481 | ||||
Remeasurements: | ||||||
Actuarial gains and losses by changes in demographic assumptions | 33,078 | 27,611 | ||||
Actuarial gains and losses by changes in financial assumptions | (479,797) | 52,684 | ||||
Actuarial gains and losses by experience adjustments | 47,086 | (24,592) | ||||
Return on plan assets (excluding amounts included in interest income) | 0 | 0 | ||||
Contributions by the Group | 0 | 0 | ||||
Contributions by the employees | 0 | 0 | ||||
Payments from plans (settlement) | (78) | (6,961) | ||||
Payments from plans (benefit payments) | (234,192) | (221,276) | ||||
Payments from the Group | (43,763) | (34,242) | ||||
Transfer in | 13,982 | 9,854 | ||||
Transfer out | (13,340) | (9,292) | ||||
Effect of exchange differences | 1,218 | 1,670 | ||||
Effect of business acquisition and disposal | 2,635 | 21 | ||||
Others | (282) | 48 | ||||
Ending | 2,215,330 | [1] | 2,572,517 | [1] | 2,491,923 | |
Fair value of plan assets | ||||||
Disclosure of net defined benefit liability (asset) [line items] | ||||||
Beginning | (2,447,079) | [1] | (2,302,953) | |||
Changes in net defined benefit liability (asset) [abstract] | ||||||
Current service cost | 0 | 0 | ||||
Past service cost | 0 | 0 | ||||
Gains on settlement | 0 | 0 | ||||
Interest expense (income) | (62,872) | (44,560) | ||||
Remeasurements: | ||||||
Actuarial gains and losses by changes in demographic assumptions | 0 | 0 | ||||
Actuarial gains and losses by changes in financial assumptions | 0 | 0 | ||||
Actuarial gains and losses by experience adjustments | 0 | 0 | ||||
Return on plan assets (excluding amounts included in interest income) | 68,550 | 9,438 | ||||
Contributions by the Group | (400,689) | (319,601) | ||||
Contributions by the employees | 0 | (17,574) | ||||
Payments from plans (settlement) | 0 | 6,944 | ||||
Payments from plans (benefit payments) | 232,994 | 221,274 | ||||
Payments from the Group | 494 | 0 | ||||
Transfer in | (13,285) | (9,292) | ||||
Transfer out | 13,299 | 9,292 | ||||
Effect of exchange differences | 69 | (47) | ||||
Effect of business acquisition and disposal | 0 | 0 | ||||
Others | 0 | 0 | ||||
Ending | ₩ (2,608,519) | [1] | ₩ (2,447,079) | [1] | ₩ (2,302,953) | |
[1]The net defined benefit liabilities of ₩ 125,438 million is calculated by subtracting ₩ 100,083 million of net defined benefit assets from ₩ 225,521 million of net defined benefit liabilities as of December 31, 2021. The net defined benefit assets of ₩ 393,189 million is calculated by subtracting ₩ 85,745 million of net defined benefit liabilities from ₩ 478,934 million of net defined benefit assets as of December 31, 2022. |
Net Defined Benefit Liabiliti_4
Net Defined Benefit Liabilities - Summary of the Net Defined Benefit Liabilities (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Surplus (deficit) in plan [abstract] | |||||
Present value of defined benefit obligation | ₩ 2,215,330 | ₩ 2,572,517 | |||
Fair value of plan assets | (2,608,519) | (2,447,079) | |||
Net defined benefit liabilities | ₩ (393,189) | [1] | ₩ 125,438 | [1] | ₩ 188,970 |
[1]The net defined benefit liabilities of ₩ 125,438 million is calculated by subtracting ₩ 100,083 million of net defined benefit assets from ₩ 225,521 million of net defined benefit liabilities as of December 31, 2021. The net defined benefit assets of ₩ 393,189 million is calculated by subtracting ₩ 85,745 million of net defined benefit liabilities from ₩ 478,934 million of net defined benefit assets as of December 31, 2022. |
Net Defined Benefit Liabiliti_5
Net Defined Benefit Liabilities - Summary of Post-Employment Benefits Recognized in Profit Or Loss (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Details Of Postemployment Benefits Recognized In Profit Or Loss [Abstract] | ||||
Current service cost | ₩ 249,099 | ₩ 241,448 | ₩ 233,273 | |
Past service cost | 3,669 | 451 | (16,197) | |
Net interest expense on net defined benefit liabilities | 2,485 | 2,921 | 4,743 | |
Gains on settlement | (1,859) | (4,311) | (1,912) | |
Post-employment benefits | [1] | 253,394 | 240,509 | 219,907 |
Postemployment Benefit Expense Defined Benefit Plans Recognized As Other Operating Expense | 3,383 | ₩ 3,194 | 2,840 | |
Postemployment Benefit Expense Defined Benefit Plans Recognized As Prepayments | ₩ 137 | ₩ 176 | ||
[1]Includes post-employment benefits amounting to ₩ 2,840 million, ₩ 3,194 million and ₩ 3,383 million recognized as other operating expenses for the years ended December 31, 2020, 2021, 2022 and ₩ 176 million and ₩ 137 million recognized as prepayment for the years ended December 31, 2020 and 2022. |
Net Defined Benefit Liabiliti_6
Net Defined Benefit Liabilities - Summary of Remeasurements of the Net Defined Benefit Liabilities Recognized in Other Comprehensive Income (Loss) (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Remeasurement Of Net Defined Benefit Liability Asset Recognized As Other Comprehensive Income [Abstract] | ||||
Return on plan assets (excluding amounts included in interest income) | ₩ (68,550) | ₩ (9,438) | ₩ (6,308) | |
Actuarial gains and losses | 399,633 | (55,703) | (11,676) | |
Income tax effect | (91,150) | 18,638 | 4,949 | |
Effect of exchange differences | (231) | 993 | (399) | |
Remeasurements after income tax expense | ₩ 239,702 | $ 190,213 | ₩ (45,510) | ₩ (13,434) |
Net Defined Benefit Liabiliti_7
Net Defined Benefit Liabilities - Summary of the Fair Value of Plan Assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Details Of Fair Value Of Plan Assets [Abstract] | ||
Cash and due from financial institutions | ₩ 2,571,508 | ₩ 2,441,324 |
Derivative instruments | 33,434 | 3,427 |
Investment fund | 3,577 | 2,328 |
Total | 2,608,519 | 2,447,079 |
Assets quoted in an active market | ||
Details Of Fair Value Of Plan Assets [Abstract] | ||
Cash and due from financial institutions | 0 | 0 |
Derivative instruments | 0 | 0 |
Investment fund | 0 | 0 |
Total | 0 | 0 |
Assets not quoted in an active market | ||
Details Of Fair Value Of Plan Assets [Abstract] | ||
Cash and due from financial institutions | 2,571,508 | 2,441,324 |
Derivative instruments | 33,434 | 3,427 |
Investment fund | 3,577 | 2,328 |
Total | ₩ 2,608,519 | ₩ 2,447,079 |
Net Defined Benefit Liabiliti_8
Net Defined Benefit Liabilities - Summary of Significant Actuarial Assumptions (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Actuarial Assumptions [Line Items] | ||
Description Of Actuarial Assumption Of Mortality Rates | Mortality assumptions are based on the experience-based mortality table issued by Korea Insurance Development Institute in 2019. | |
Bottom of range [member] | ||
Disclosure Of Actuarial Assumptions [Line Items] | ||
Discount rate | 4.90% | 1.80% |
Salary increase rate | 0% | 0% |
Turnover rate | 0% | 0% |
Top of range [member] | ||
Disclosure Of Actuarial Assumptions [Line Items] | ||
Discount rate | 5.20% | 2.70% |
Salary increase rate | 7% | 7.50% |
Turnover rate | 38.60% | 50% |
Net Defined Benefit Liabiliti_9
Net Defined Benefit Liabilities - Summary of Sensitivity Analysis of Significant Actuarial Assumptions (Details) - Weighted average [member] | 12 Months Ended |
Dec. 31, 2022 | |
Effect on net defined benefit obligation | |
Description of methods and assumptions used in preparing sensitivity analysis for actuarial assumptions | The above sensitivity analysis is based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. The sensitivity of the defined benefit obligation to changes in significant actuarial assumptions is calculated using the same projected unit credit method used in calculating the defined benefit obligation recognized in the consolidated statement of financial position. |
Discount rate | |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |
Changes In Assumption | 0.5 p. |
Effect on net defined benefit obligation | |
Increase in assumption | 3.12% |
Decrease in assumption | 3.31% |
Salary increase rate | |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |
Changes In Assumption | 0.5 p. |
Effect on net defined benefit obligation | |
Increase in assumption | 3.27% |
Decrease in assumption | 3.10% |
Turnover rate | |
Disclosure of sensitivity analysis for actuarial assumptions [line items] | |
Changes In Assumption | 0.5 p. |
Effect on net defined benefit obligation | |
Increase in assumption | 0.14% |
Decrease in assumption | 0.15% |
Net Defined Benefit Liabilit_10
Net Defined Benefit Liabilities - Summary of Expected Maturity Analysis of Undiscounted Pension Benefit Payments Including Expected Future Benefit (Details) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 KRW (₩) | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Description of undiscounted pension benefits including expected future benefits | Amount determined under the promotion compensation type defined contribution plan is excluded. | |
Pension benefits | ₩ 10,452,019 | [1] |
Expected contribution to plan assets | ₩ 409,391 | |
Bottom of range [member] | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Weighted average duration of defined benefit obligation | 1 year | |
Top of range [member] | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Weighted average duration of defined benefit obligation | 11 years | |
Up to 1 year | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Pension benefits | ₩ 211,591 | [1] |
1~2 years | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Pension benefits | 279,808 | [1] |
2~5 years | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Pension benefits | 849,878 | [1] |
5~10 years | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Pension benefits | 1,557,212 | [1] |
Over 10 years | ||
Disclosure Of Expected Maturity Analysis [Line Items] | ||
Pension benefits | ₩ 7,553,530 | [1] |
[1]Amount determined under the promotion compensation type defined contribution plan is excluded. |
Other Liabilities - Summary of
Other Liabilities - Summary of Accrued Expenses and Other Liabilities Explanatory (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Other Liabilities [Line Items] | |||
Other liabilities | ₩ 40,140,365 | $ 31,852,882 | ₩ 43,130,482 |
Other financial liabilities | |||
Other Liabilities [Line Items] | |||
Other liabilities | 26,705,246 | 29,494,402 | |
Other payables | |||
Other Liabilities [Line Items] | |||
Other liabilities | 11,730,583 | 11,175,682 | |
Prepaid card and debit card payables | |||
Other Liabilities [Line Items] | |||
Other liabilities | 35,259 | 33,972 | |
Accrued expenses | |||
Other Liabilities [Line Items] | |||
Other liabilities | 3,950,605 | 2,620,819 | |
Financial guarantee contracts liabilities | |||
Other Liabilities [Line Items] | |||
Other liabilities | 46,467 | 52,603 | |
Deposits for letter of guarantees and others | |||
Other Liabilities [Line Items] | |||
Other liabilities | 1,762,482 | 1,093,680 | |
Domestic exchange settlement credits | |||
Other Liabilities [Line Items] | |||
Other liabilities | 1,738,489 | 5,125,430 | |
Foreign exchange settlement credits | |||
Other Liabilities [Line Items] | |||
Other liabilities | 250,138 | 169,264 | |
Due to trust accounts | |||
Other Liabilities [Line Items] | |||
Other liabilities | 5,808,446 | 7,033,849 | |
Liability incurred from agency relationships | |||
Other Liabilities [Line Items] | |||
Other liabilities | 513,621 | 739,276 | |
Account for agency businesses | |||
Other Liabilities [Line Items] | |||
Other liabilities | 241,910 | 423,798 | |
Dividend payables | |||
Other Liabilities [Line Items] | |||
Other liabilities | 3,425 | 474 | |
Lease liabilities | |||
Other Liabilities [Line Items] | |||
Other liabilities | 592,697 | 578,808 | |
Others | |||
Other Liabilities [Line Items] | |||
Other liabilities | 31,124 | 446,747 | |
Other non-financial liabilities | |||
Other Liabilities [Line Items] | |||
Other liabilities | 13,435,119 | 13,636,080 | |
Other payables | |||
Other Liabilities [Line Items] | |||
Other liabilities | 400,407 | 348,003 | |
Unearned revenue | |||
Other Liabilities [Line Items] | |||
Other liabilities | 759,308 | 656,375 | |
Accrued expenses | |||
Other Liabilities [Line Items] | |||
Other liabilities | 900,141 | 956,461 | |
Deferred revenue on credit card points | |||
Other Liabilities [Line Items] | |||
Other liabilities | 243,131 | 214,053 | |
Withholding taxes | |||
Other Liabilities [Line Items] | |||
Other liabilities | 228,119 | 164,333 | |
Separate account liabilities | |||
Other Liabilities [Line Items] | |||
Other liabilities | 10,513,553 | 11,071,159 | |
Others | |||
Other Liabilities [Line Items] | |||
Other liabilities | ₩ 390,460 | ₩ 225,696 |
Equity - Summary of Issued Capi
Equity - Summary of Issued Capital (Details) ₩ / shares in Units, $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) ₩ / shares shares | Dec. 31, 2021 KRW (₩) ₩ / shares shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2020 shares | |
Type of share | ||||
Number of authorized shares | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | |
Share capital | ₩ 2,090,558 | ₩ 2,090,558 | $ 1,658,936 | |
Ordinary shares | ||||
Type of share | ||||
Number of authorized shares | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | |
Par value per share | ₩ / shares | ₩ 5,000 | ₩ 5,000 | ||
Number of issued shares | 408,897,068 | 415,807,920 | 408,897,068 | 415,807,920 |
Share capital | ₩ | ₩ 2,090,558 | ₩ 2,090,558 | ||
Reconciliation of number of shares outstanding [abstract] | ||||
Beginning | 389,634,335 | 389,634,335 | ||
Changes in number of shares outstanding [abstract] | ||||
Increase | 0 | 0 | ||
Decrease | 0 | 0 | ||
Ending | 389,634,335 | 389,634,335 |
Equity - Summary of Hybrid Secu
Equity - Summary of Hybrid Securities (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | |
Hybrid Securities [line Items] | |||
Hybrid securities | ₩ 4,434,251 | $ 3,518,744 | ₩ 2,838,221 |
Description Of Detailed Information About Hybrid Securities Explanatory [Text Block] | On the other hand, hybrid securities of ₩ 873,908 million issued by Kookmin Bank, hybrid securities of ₩ 82,679 million issued by KB Securities Co., Ltd. and hybrid securities of ₩ 49,800 million issued by KB Life Insurance Co., Ltd. are recognized as non-controlling | ||
Hybrid Instrument | |||
Hybrid Securities [line Items] | |||
Hybrid securities | ₩ 4,434,251 | 2,838,221 | |
Description Of Detailed Information About Hybrid Securities Explanatory [Text Block] | The above hybrid securities are early redeemable by the Group after 5 or 7 or 10 years from the issuance date. | ||
The 1-1st Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 02, 2019 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.23% | 3.23% | |
Hybrid securities | ₩ 349,309 | 349,309 | |
The 1-2nd Hybrid securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 02, 2019 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.44% | 3.44% | |
Hybrid securities | ₩ 49,896 | 49,896 | |
The 2-1st Hybrid securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 08, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.30% | 3.30% | |
Hybrid securities | ₩ 324,099 | 324,099 | |
The 2-2nd Hybrid securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 08, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.43% | 3.43% | |
Hybrid securities | ₩ 74,812 | 74,812 | |
The 3-1st Hybrid securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Jul. 14, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.17% | 3.17% | |
Hybrid securities | ₩ 369,099 | 369,099 | |
The 3-2nd Hybrid securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Jul. 14, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.38% | 3.38% | |
Hybrid securities | ₩ 29,922 | 29,922 | |
The 4-1st Hybrid securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Oct. 20, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3% | 3% | |
Hybrid securities | ₩ 433,996 | 433,996 | |
The 4-2nd Hybrid securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Oct. 20, 2020 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.28% | 3.28% | |
Hybrid securities | ₩ 64,855 | 64,855 | |
The 5-1st Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Feb. 19, 2021 | ||
Maturity | Perpetual bond | ||
Interest Rate | 2.67% | 2.67% | |
Hybrid securities | ₩ 419,071 | 419,071 | |
The 5-2nd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Feb. 19, 2021 | ||
Maturity | Perpetual bond | ||
Interest Rate | 2.87% | 2.87% | |
Hybrid securities | ₩ 59,862 | 59,862 | |
The 5-3rd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Feb. 19, 2021 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.28% | 3.28% | |
Hybrid securities | ₩ 119,727 | 119,727 | |
The 6 -1st Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 28, 2021 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.20% | 3.20% | |
Hybrid securities | ₩ 165,563 | 165,563 | |
The 6-2nd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 28, 2021 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.60% | 3.60% | |
Hybrid securities | ₩ 109,708 | 109,708 | |
The 7-1st Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Oct. 08, 2021 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.57% | 3.57% | |
Hybrid securities | ₩ 208,468 | 208,468 | |
The 7-2nd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Oct. 08, 2021 | ||
Maturity | Perpetual bond | ||
Interest Rate | 3.80% | 3.80% | |
Hybrid securities | ₩ 59,834 | 59,834 | |
The 8-1st Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Feb. 16, 2022 | ||
Maturity | Perpetual bond | ||
Interest Rate | 4% | 4% | |
Hybrid securities | ₩ 442,970 | 0 | |
The 8-2nd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Feb. 16, 2022 | ||
Maturity | Perpetual bond | ||
Interest Rate | 4.30% | 4.30% | |
Hybrid securities | ₩ 155,626 | 0 | |
The 9-1st Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 12, 2022 | ||
Maturity | Perpetual bond | ||
Interest Rate | 4.68% | 4.68% | |
Hybrid securities | ₩ 478,829 | 0 | |
The 9-2nd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | May 12, 2022 | ||
Maturity | Perpetual bond | ||
Interest Rate | 4.97% | 4.97% | |
Hybrid securities | ₩ 19,906 | 0 | |
The 10-1st Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Aug. 26, 2022 | ||
Maturity | Perpetual bond | ||
Interest Rate | 4.90% | 4.90% | |
Hybrid securities | ₩ 407,936 | 0 | |
The 10-2nd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Aug. 26, 2022 | ||
Maturity | Perpetual bond | ||
Interest Rate | 5.15% | 5.15% | |
Hybrid securities | ₩ 70,819 | 0 | |
The 10-3rd Hybrid Securities | |||
Hybrid Securities [line Items] | |||
Issuance date | Aug. 26, 2022 | ||
Maturity | Perpetual bond | ||
Interest Rate | 5.30% | 5.30% | |
Hybrid securities | ₩ 19,944 | ₩ 0 |
Equity - Summary of Reserves an
Equity - Summary of Reserves and Other Equity Interest (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Miscellaneous equity [abstract] | |||
Paid-in capital in excess of par value | ₩ 13,190,274 | ₩ 13,190,274 | |
Losses on sales of treasury shares | (481,332) | (481,332) | |
Other capital surplus | 4,219,856 | 4,219,356 | |
Consideration for exchange right of exchangeable bonds | 11,933 | 11,933 | |
Total | ₩ 16,940,731 | $ 13,443,104 | ₩ 16,940,231 |
Equity - Schedule of Accumulate
Equity - Schedule of Accumulated Other Comprehensive Income Loss (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) |
Disclosure of classes of share capital [abstract] | ||||
Remeasurements of net defined benefit liabilities | ₩ (88,768) | ₩ (328,392) | ||
Currency translation differences | 253,815 | 96,534 | ||
Gains(losses) on financial instruments at fair value through other comprehensive income | (2,629,451) | 918,927 | ||
Share of other comprehensive loss of associates and joint ventures | (3,342) | (2,980) | ||
Gains(Losses) on cash flow hedging instruments | 23,741 | (7,733) | ||
Losses on hedging instruments of net investments in foreign operations | (114,743) | (35,658) | ||
Other comprehensive loss arising from separate account | (214,735) | (55,116) | ||
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk | 41,075 | 2,208 | ||
Gains on overlay adjustment | 19,355 | 459,484 | ₩ 339,202 | |
Assets of a disposal group held for sale | 0 | $ 0 | 7,671 | |
Total | ₩ (2,713,053) | ₩ 1,054,945 | ₩ 630,011 |
Equity - Schedule of Appropriat
Equity - Schedule of Appropriated and Unappropriated Retained Earnings (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2022 USD ($) | ||
Retained earnings [abstract] | ||||
Legal reserves | [1] | ₩ 839,235 | ₩ 695,347 | |
Voluntary reserves | 982,000 | 982,000 | ||
Unappropriated retained earnings | [2] | 26,625,278 | 23,995,468 | |
Total | 28,446,513 | 25,672,815 | $ 22,573,373 | |
Retained Earnings Restricted For Dividend At Subsidiaries Level Pursuant To Law And Regulations | ₩ 4,355,734 | ₩ 4,116,579 | ||
Description Of Nature And Purpose Of Legal Reserves Within Equity | With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches the aggregate amount of its paid-in capital in accordance with Article 53 of the Financial Holding Company Act. This reserve is not available for the payment of cash dividends, but may be transferred to share capital, or used to reduce accumulated deficit. | With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches the aggregate amount of its paid-in capital in accordance with Article 53 of the Financial Holding Company Act. This reserve is not available for the payment of cash dividends, but may be transferred to share capital, or used to reduce accumulated deficit. | ||
[1]With respect to the allocation of net profit earned in a fiscal term, the Parent Company must set aside in its legal reserve an amount equal to at least 10% of its profit after tax as reported in the financial statements, each time it pays dividends on its net profits earned until its legal reserve reaches the aggregate amount of its paid-in capital in accordance with Article 53 of the Financial Holding Company Act. This reserve is not available for the payment of cash dividends, but may be transferred to share capital, or used to reduce accumulated deficit.[2]The regulatory reserve for credit losses the Group appropriated in retained earnings is ₩ 4,116,579 million and ₩ 4,355,734 million for the years ended December 31, 2021 and 2022, respectively.. |
Equity - Summary of Treasury Sh
Equity - Summary of Treasury Shares (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 KRW (₩) shares | ||
Number of treasury shares | ||||
Beginning | shares | [1] | 26,173,585 | 26,173,585 | 26,173,585 |
Changes In Treasury Share Number [abstract] | ||||
Ending | shares | [1] | 26,173,585 | ||
Carrying amount | ||||
Beginning | ₩ 1,136,188 | |||
Changes In Treasury Share Amount [abstract] | ||||
Disposal | 0 | $ 0 | ||
Ending | ₩ 836,188 | $ 663,546 | ₩ 1,136,188 | |
Treasury shares [member] | ||||
Number of treasury shares | ||||
Beginning | shares | [1] | 26,173,585 | 26,173,585 | |
Changes In Treasury Share Number [abstract] | ||||
Acquisition | shares | [1] | 0 | 0 | 0 |
Disposal | [1] | ₩ (6,910,852) | ₩ 0 | |
Ending | shares | [1] | 19,262,733 | 19,262,733 | 26,173,585 |
Deposited at the Korea Securities Depository for issuing exchangeable bonds | ₩ 5 | |||
Carrying amount | ||||
Beginning | 1,136,188 | ₩ 1,136,188 | ||
Changes In Treasury Share Amount [abstract] | ||||
Acquisition | 0 | 0 | ||
Disposal | (300,000) | 0 | ||
Ending | ₩ 836,188 | ₩ 1,136,188 | ||
[1]5 million treasury shares are deposited at the Korea Securities Depository for the exchange of exchangeable bonds. |
Equity - Additional Information
Equity - Additional Information (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) |
Hybrid Securities [Line Items] | |||
Hybrid securities | ₩ 4,434,251 | $ 3,518,744 | ₩ 2,838,221 |
KookminBank [Member] | |||
Hybrid Securities [Line Items] | |||
Hybrid securities | 873,908 | ||
KB Securities Co., Ltd. [Member] | |||
Hybrid Securities [Line Items] | |||
Hybrid securities | 82,679 | ||
K B Life Insurance Co., Ltd. [Member] | |||
Hybrid Securities [Line Items] | |||
Hybrid securities | ₩ 49,800 |
Net Interest Income - Summary o
Net Interest Income - Summary of Interest Income, Interest Expense and Net Interest Income (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Interest income | ||||
Due from financial institutions measured at fair value through profit or loss | ₩ 3,186 | ₩ 1,723 | ₩ 649 | |
Securities measured at fair value through profit or loss | 860,271 | 579,128 | 647,840 | |
Loans measured at fair value through profit or loss | 12,933 | 9,537 | 10,876 | |
Securities measured at fair value through other comprehensive income | 1,079,548 | 784,980 | 719,434 | |
Loans measured at fair value through other comprehensive income | 10,612 | 4,618 | 7,899 | |
Due from financial institutions measured at amortized cost | 157,913 | 66,375 | 92,155 | |
Securities measured at amortized cost | 1,120,608 | 765,656 | 627,201 | |
Loans measured at amortized cost | 17,191,116 | 12,745,780 | 12,177,822 | |
Other | 352,331 | 253,081 | 201,871 | |
Interest income | 20,788,518 | $ 16,496,467 | 15,210,878 | 14,485,747 |
Interest expenses | ||||
Deposits | 4,536,373 | 2,218,556 | 2,916,794 | |
Borrowings | 1,291,380 | 510,385 | 572,946 | |
Debentures | 1,640,773 | 1,169,708 | 1,186,310 | |
Other | 207,058 | 82,657 | 87,423 | |
Sub-total | 7,675,584 | 6,090,863 | 3,981,306 | 4,763,473 |
Net interest income | ₩ 13,112,934 | $ 10,405,604 | ₩ 11,229,572 | ₩ 9,722,274 |
Net Interest Income - Summary_2
Net Interest Income - Summary of Interest Income Recognized on Impaired Loans (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Loans and Receivables Category [member] | |||
Disclosure Of Financial Instruments Line Items [Line Items] | |||
Interest income recognized on impaired loans | ₩ 53,215 | ₩ 52,638 | ₩ 56,606 |
Net Fee and Commission Income -
Net Fee and Commission Income - Schedule of Details of Fee and Commission Income and Expense (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | ||
Fee and commission income | |||||
Banking activity fees | ₩ 180,749 | ₩ 178,412 | ₩ 189,100 | ||
Lending activity fees | 80,700 | 82,184 | 91,663 | ||
Credit card and debit card related fees | 1,491,666 | 1,526,911 | 1,378,450 | ||
Agent activity fees | 243,740 | 205,206 | 196,518 | ||
Trust and other fiduciary fees | 337,171 | 408,834 | 331,827 | ||
Fund management related fees | 130,629 | 178,090 | 154,612 | ||
Acceptances and guarantees fees | 66,827 | 49,782 | 54,108 | ||
Foreign currency related fees | 285,380 | 245,299 | 173,313 | ||
Securities agency fees | 124,771 | 174,709 | 172,097 | ||
Other business account commission on consignment | 36,211 | 39,178 | 40,461 | ||
Commissions received on securities business | 628,449 | 881,407 | 793,278 | ||
Lease fees | 1,004,670 | 897,983 | 636,301 | ||
Others | 510,557 | 455,611 | 315,296 | ||
Sub-total | 5,121,520 | $ 4,064,118 | 5,323,606 | 4,527,024 | |
Fee and commission expense | |||||
Trading activity related fees | [1] | 44,200 | 54,857 | 38,497 | |
Lending activity fees | 42,086 | 42,981 | 33,444 | ||
Credit card and debit card related fees | 815,252 | 831,724 | 848,823 | ||
Outsourcing related fees | 255,899 | 210,480 | 216,962 | ||
Foreign currency related fees | 75,078 | 51,931 | 49,435 | ||
Other | 567,373 | 506,050 | 380,924 | ||
Sub-total | 1,799,888 | 1,428,278 | 1,698,023 | 1,568,085 | |
Net fee and commission income | ₩ 3,321,632 | $ 2,635,839 | ₩ 3,625,583 | ₩ 2,958,939 | |
[1]Fees from financial instruments at fair value through profit or loss |
Net Gains or Losses on Financ_3
Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss - Summary of Net Gains Or Losses On Financial Instruments At Fair Value Through Profit Or Loss (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | ₩ 31,645,627 | ₩ 16,722,182 | ₩ 16,869,982 |
Losses on financial instruments at fair value through profit or loss | 32,155,935 | 15,695,821 | 15,369,373 |
Net gains(loss) on financial instruments at fair value through profit or loss | (510,308) | 1,026,361 | 1,500,609 |
Derivatives held for trading | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 28,990,691 | 14,104,909 | 14,054,556 |
Losses on financial instruments at fair value through profit or loss | 28,812,232 | 13,900,801 | 13,731,191 |
Debt securities | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 2,045,436 | 1,804,112 | 2,061,505 |
Losses on financial instruments at fair value through profit or loss | 2,733,891 | 1,280,960 | 1,040,285 |
Equity securities | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 494,723 | 733,823 | 725,072 |
Losses on financial instruments at fair value through profit or loss | 546,036 | 426,431 | 444,554 |
Currency | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 15,020,553 | 7,492,806 | 8,335,594 |
Losses on financial instruments at fair value through profit or loss | 15,160,772 | 7,422,604 | 8,191,456 |
Swaps | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 11,772,927 | 4,820,712 | 2,632,246 |
Losses on financial instruments at fair value through profit or loss | 10,747,221 | 4,669,893 | 2,687,114 |
Stock or stock index | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 1,983,900 | 1,603,501 | 2,808,284 |
Losses on financial instruments at fair value through profit or loss | 2,482,044 | 1,604,027 | 2,558,205 |
Credit | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 78,638 | 20,147 | 28,434 |
Losses on financial instruments at fair value through profit or loss | 68,324 | 14,051 | 19,213 |
Commodity | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 33,576 | 21,864 | 18,097 |
Losses on financial instruments at fair value through profit or loss | 30,167 | 14,815 | 21,797 |
Others | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 101,097 | 145,879 | 231,901 |
Losses on financial instruments at fair value through profit or loss | 323,704 | 175,411 | 253,406 |
Financial liabilties held for trading | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 114,525 | 72,585 | 28,160 |
Losses on financial instruments at fair value through profit or loss | 63,571 | 80,790 | 153,227 |
Financial assets at fair value through profit or loss | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 2,540,159 | 2,537,935 | 2,786,577 |
Losses on financial instruments at fair value through profit or loss | 3,279,927 | 1,707,391 | 1,484,839 |
Other financial instruments | |||
Gains losses on financial instruments at fair value through profit or loss Abstract [Abstract] | |||
Gains on financial instruments at fair value through profit or loss | 252 | 6,753 | 689 |
Losses on financial instruments at fair value through profit or loss | ₩ 205 | ₩ 6,839 | ₩ 116 |
Net Gains or Losses on Financ_4
Net Gains or Losses on Financial Instruments at Fair Value through Profit or Loss - Summary of Net Gains Or Losses On Financial Instruments Designated At Fair Value Through Profit Or Loss (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net gains or losses on financial instruments held for trading [Line Items] | |||
Gains on financial instruments designated at fair value through profit or loss | ₩ 1,186,908 | ₩ 623,929 | ₩ 654,045 |
Losses on financial instruments designated at fair value through profit or loss | 429,243 | 654,986 | 1,143,288 |
Net gains(losses) on financial instruments designated at fair value through profit or loss | 757,665 | (31,057) | (489,243) |
Financial liabilities designated at fair value through profit or loss | |||
Net gains or losses on financial instruments held for trading [Line Items] | |||
Gains on financial instruments designated at fair value through profit or loss | 1,186,908 | 623,929 | 654,045 |
Losses on financial instruments designated at fair value through profit or loss | ₩ 429,243 | ₩ 654,986 | ₩ 1,143,288 |
Net Other Operating Income an_3
Net Other Operating Income and Expenses - Summary of Other Operating Income and Expense (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Gains on financial instruments at fair value through other comprehensive income: | ||||
Gains on redemption of financial instruments at fair value through other comprehensive income | ₩ 24 | ₩ 2 | ₩ 351 | |
Gains on disposal of financial instruments at fair value through other comprehensive income | 24,735 | 126,710 | 304,217 | |
Sub-total | 24,759 | 126,712 | 304,568 | |
Gains on financial assets at amortized cost: | ||||
Gains on sale of loans measured at amortized cost | 83,552 | 136,620 | 180,038 | |
Gains on redemption of securities measured at amortized cost | 0 | 126 | 0 | |
Gains on disposal of securities measured at amortized cost | 110 | 41 | 229 | |
Sub-total | 83,662 | 136,787 | 180,267 | |
Gains on loans measured at fair value through other comprehensive income: | ||||
Gains on sale of loans measured at fair value through other comprehensive income | 0 | 226 | 0 | |
Sub-total | 0 | 226 | 0 | |
Gains on hedge accounting | 858,305 | 386,398 | 0 | |
Gain on foreign exchange transactions | 11,514,706 | 3,878,089 | 3,634,987 | |
Dividend income | 36,675 | 33,805 | 45,125 | |
Others | 498,412 | 367,177 | 591,798 | |
Other Operating Income | 13,016,519 | 4,929,194 | 4,756,745 | |
Losses on financial instruments at fair value through other comprehensive income: | ||||
Losses on redemption of financial instruments at fair value through other comprehensive income | 3,049 | 2,172 | 320 | |
Losses on disposal of financial instruments at fair value through other comprehensive income | 258,505 | 222,512 | 19,159 | |
Sub-total | 261,554 | 224,684 | 19,479 | |
Losses on financial assets at amortized cost: | ||||
Losses on sale of loans measured at amortized cost | 78,089 | 14,669 | 16,061 | |
Losses on redemption of securities measured at amortized cost | 0 | 6 | 0 | |
Losses on disposal of securities measured at amortized cost | 0 | 2 | 6,513 | |
Sub-total | 78,089 | 14,677 | 22,574 | |
Losses on hedge accounting | 877,512 | 473,091 | 0 | |
Losses on foreign exchange transactions | 11,173,168 | 3,570,783 | 3,530,618 | |
Deposit insurance fee | 598,548 | 550,677 | 507,621 | |
Credit guarantee fund fee | 283,912 | 263,297 | 242,216 | |
Depreciation expenses of operating lease assets | 682,783 | 602,908 | 423,684 | |
Others | 1,426,744 | 1,152,644 | 1,510,483 | |
Total other operating expenses | 15,382,310 | 6,852,761 | 6,256,675 | |
Net other operating expenses | ₩ (2,365,791) | $ (1,877,344) | ₩ (1,923,567) | ₩ (1,499,930) |
General and Administrative Ex_3
General and Administrative Expenses - Summary of General and Administrative Expenses (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Expenses related to employee | ||||
Employee benefits—salaries | ₩ 3,070,840 | ₩ 3,007,439 | ₩ 2,789,201 | |
Employee benefits—others | 988,778 | 927,665 | 871,014 | |
Post-employment benefits - defined benefit plans | 249,874 | $ 198,284 | 237,315 | 216,891 |
Post-employment benefits - defined contribution plans | 45,655 | 37,731 | 37,328 | |
Termination benefits | 319,794 | 322,970 | 361,098 | |
Share-based payments | 58,275 | 101,935 | 49,364 | |
Sub-total | 4,733,216 | 4,635,055 | 4,324,896 | |
Depreciation and amortization | 878,841 | 850,614 | 874,911 | |
Other general and administrative expenses | ||||
Rental expense | 121,577 | 112,902 | 116,325 | |
Tax and dues | 310,853 | 268,383 | 260,071 | |
Communication | 63,871 | 60,221 | 53,596 | |
Electricity and utilities | 35,987 | 36,565 | 32,298 | |
Publication | 11,991 | 13,417 | 13,988 | |
Repairs and maintenance | 56,221 | 53,218 | 32,448 | |
Vehicle | 19,815 | 16,901 | 14,314 | |
Travel | 23,585 | 13,271 | 12,251 | |
Training | 36,890 | 34,056 | 27,610 | |
Service fees | 264,854 | 260,298 | 238,787 | |
Electronic data processing expenses | 397,315 | 314,511 | 280,773 | |
Advertising | 227,991 | 210,187 | 236,618 | |
Others | 354,795 | 321,254 | 295,926 | |
Sub-total | 1,925,745 | 1,715,184 | 1,615,005 | |
Total | ₩ 7,537,802 | $ 5,981,528 | ₩ 7,200,853 | ₩ 6,814,812 |
General and Administrative Ex_4
General and Administrative Expenses - Summary of Stock Grants Linked to Long-term and Short-term Performance (Details) | 12 Months Ended | |
Dec. 31, 2022 shares | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Granted in 2020 | |
Number of granted shares | 13,402 | |
Type of payment | Cash-settled | |
Linked to long term performance | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 2,034,177 | |
Linked to short-term performance | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 2,319,405 | |
Kookmin Bank | Linked to long term performance | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 732,091 | |
Kookmin Bank | Deferred grant in 2016 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 2,426 | |
Vesting conditions | Satisfied | [1] |
Kookmin Bank | Deferred grant in 2017 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 4,582 | |
Vesting conditions | Satisfied | [1] |
Kookmin Bank | Deferred Grant In 2018 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 2,287 | |
Vesting conditions | Satisfied | [1] |
Kookmin Bank | Deferred Grant In 2019 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 32,756 | |
Vesting conditions | Satisfied | [1] |
Kookmin Bank | Deferred Grant In 2020 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 53,502 | |
Vesting conditions | Satisfied | [1] |
Kookmin Bank | Deferred grant in 2021 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 156,939 | |
Vesting conditions | Satisfied | [1] |
Kookmin Bank | Stock granted in 2015 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 1,292 | |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2016 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 4,875 | |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2017 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 1,998 | |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2018 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 2,109 | |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2019 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 41,737 | |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2020 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 89,888 | |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2021 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 130,331 | |
Vesting conditions | Satisfied | |
Kookmin Bank | Stock granted in 2022 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 134,402 | |
Vesting conditions | Proportional to service period | |
Kookmin Bank | Series 80 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Mar. 1, 2020 | |
Number of granted shares | 7,982 | |
Vesting conditions | Services fulfillment, market performance3 30~50%, and non-market performance4 50~70% | |
Kookmin Bank | Series 81 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Jan. 1, 2021 | |
Number of granted shares | 139,783 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 83 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Apr. 1, 2021 | |
Number of granted shares | 15,278 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 85 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Jan. 1, 2022 | |
Number of granted shares | 292,777 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 85 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Vesting conditions | Services fulfillment, market performance3 30%, and EPS & Asset Quality6 70% | |
Kookmin Bank | Series 86 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Feb. 1, 2022 | |
Number of granted shares | 1,525 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 87 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Mar. 1, 2022 | |
Number of granted shares | 2,599 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 88 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Mar. 14, 2022 | |
Number of granted shares | 5,884 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 89 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | May 26, 2022 | |
Number of granted shares | 2,363 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 90 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Jul. 18, 2022 | |
Number of granted shares | 4,131 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
Kookmin Bank | Series 91 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Aug. 24, 2022 | |
Number of granted shares | 7,277 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
KB Financial Group Inc. | Linked to long term performance | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 294,426 | |
KB Financial Group Inc. | Series 27 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Jun. 16, 2020 | |
Number of granted shares | 184 | |
Vesting conditions | Services fulfillment, market performance3 30%, and non-market performance4 70% | |
KB Financial Group Inc. | Series 28 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Nov. 21, 2020 | |
Number of granted shares | 68,135 | |
Vesting conditions | Services fulfillment, market performance3 35%, and non-market performance5 65% | |
KB Financial Group Inc. | Series 29 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Jan. 1, 2021 | |
Number of granted shares | 79,840 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
KB Financial Group Inc. | Series 30 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Apr. 1, 2021 | |
Number of granted shares | 3,069 | |
Vesting conditions | Services fulfillment, market performance3 30%, and non-market performance4 70% | |
KB Financial Group Inc. | Series 33 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Jan. 1, 2022 | |
Number of granted shares | 62,991 | |
Vesting conditions | Services fulfillment, market performance3 0~30%, and non-market performance4 70~100% | |
KB Financial Group Inc. | Series 34 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | Feb. 1, 2022 | |
Number of granted shares | 654 | |
Vesting conditions | Services fulfillment, market performance3 30%, and non-market performance4 70% | |
KB Financial Group Inc. | Series 35 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | May. 27, 2022 | |
Number of granted shares | 6,126 | |
Vesting conditions | Services fulfillment, market performance3 30%, and non-market performance4 70% | |
KB Financial Group Inc. | Deferred grant in 2015 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 4,243 | |
Vesting conditions | Satisfied | [1] |
KB Financial Group Inc. | Deferred grant in 2016 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 3,533 | |
Vesting conditions | Satisfied | [1] |
KB Financial Group Inc. | Deferred grant in 2017 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 1,127 | |
Vesting conditions | Satisfied | [1] |
KB Financial Group Inc. | Deferred Grant In 2018 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 1,766 | |
Vesting conditions | Satisfied | [1] |
KB Financial Group Inc. | Deferred Grant In 2019 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 7,598 | |
Vesting conditions | Satisfied | [1] |
KB Financial Group Inc. | Deferred Grant In 2020 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 27,956 | |
Vesting conditions | Satisfied | [1] |
KB Financial Group Inc. | Deferred grant in 2021 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 27,204 | |
Vesting conditions | Satisfied | [1] |
KB Financial Group Inc. | Stock granted in 2015 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 3,725 | |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2016 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 4,223 | |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2017 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 1,401 | |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2018 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 760 | |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2019 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 9,354 | |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2020 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 22,586 | |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2021 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 35,497 | |
Vesting conditions | Satisfied | |
KB Financial Group Inc. | Stock granted in 2022 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 46,898 | |
Vesting conditions | Proportional to service period | |
Other subsidiaries | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Explanation of share options in share-based payment arrangement | The Group changed the scheme of share-based payments awarded to executives and employees from stock options to stock grants in November 2007. The stock grants award program is an incentive plan that sets, on grant date, the maximum number of shares that can be awarded. Actual shares to be granted is determined in accordance with achievement of pre-set performance targets over the vesting period. | |
Other subsidiaries | Linked to long term performance | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 1,007,660 | |
Other subsidiaries | Stock granted in 2010 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 106 | |
Vesting conditions | Services fulfillment, market performance3 0~50%, and non-market performance4 50~100% | |
Other subsidiaries | Stock granted in 2011 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 146 | |
Other subsidiaries | Stock granted in 2012 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 420 | |
Other subsidiaries | Stock granted in 2013 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 544 | |
Other subsidiaries | Stock granted in 2014 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 1,028 | |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 2,374 | |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 3,749 | |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 14,006 | |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 26,572 | |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 42,273 | |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 165,810 | |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 5,762 | |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 25,831 | |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 46,223 | |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 99,594 | |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 243,130 | |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 433,210 | |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2021 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Estimated number of vested shares | 610,167 | |
Vesting conditions | Satisfied | |
Other subsidiaries | Stock granted in 2021 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 501,365 | |
Other subsidiaries | Stock granted in 2022 | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Number of granted shares | 249,267 | |
Estimated number of vested shares | 324,412 | |
Vesting conditions | Proportional to service period | |
[1]Executives and employees were given the right of choice about the timing of the deferred payment |
General and Administrative Ex_5
General and Administrative Expenses - Summary of Share Grants Measured at Fair Value (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Liabilities From Share Grants | ₩ 186,908 | ₩ 193,023 |
Expense From Share Grants Transactions With Employees | ₩ 58,340 | ₩ 101,897 |
Information about how fair value was measured, share options granted | The Group uses the volatility of the stock price over the previous year as the expected volatility, and uses the arithmetic mean of the price-dividend ratio of one year before, two years before, and three years before the base year as the dividend yield and uses one-year risk-free rate of Korea Treasury Bond in order to measure the fair value. | |
Kookmin Bank | Stock granted in 2015 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2015 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Stock granted in 2015 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Stock granted in 2016 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2016 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Kookmin Bank | Stock granted in 2016 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Stock granted in 2017 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2017 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Stock granted in 2017 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Stock granted in 2018 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2018 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 0 | |
Kookmin Bank | Stock granted in 2018 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Kookmin Bank | Stock granted in 2019 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2019 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 45,096 | |
Kookmin Bank | Stock granted in 2019 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Kookmin Bank | Stock granted in 2020 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2020 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Stock granted in 2020 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Kookmin Bank | Stock granted in 2021 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2021 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Kookmin Bank | Stock granted in 2021 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Stock granted in 2022 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Stock granted in 2022 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 39,958 | |
Kookmin Bank | Stock granted in 2022 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Deferred grant in 2016 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Deferred grant in 2016 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Deferred grant in 2016 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Deferred grant in 2017 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Deferred grant in 2017 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Deferred grant in 2017 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Deferred Grant In 2018 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Deferred Grant In 2018 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Deferred Grant In 2018 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Deferred Grant In 2019 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Deferred Grant In 2019 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Deferred Grant In 2020 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Deferred Grant In 2020 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Deferred Grant In 2020 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Deferred grant in 2021 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Deferred grant in 2021 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Kookmin Bank | Deferred grant in 2021 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Series 80 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 80 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 43,157 | |
Fair value (Non-market performance condition) | 43,157 | |
Kookmin Bank | Series 80 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 50,973 | |
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Series 81 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 81 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 35,905 | |
Fair value (Non-market performance condition) | 43,157 | |
Kookmin Bank | Series 81 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 41,289 | |
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Series 83 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 83 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 38,660 | |
Fair value (Non-market performance condition) | 41,548 | |
Kookmin Bank | Series 83 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 43,583 | |
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Series 85 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 85 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 33,668 | |
Fair value (Non-market performance condition) | 41,548 | |
Kookmin Bank | Series 85 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 37,813 | |
Fair value (Non-market performance condition) | ₩ 46,663 | |
Kookmin Bank | Series 86 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 86 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 35,486 | |
Fair value (Non-market performance condition) | 39,958 | |
Kookmin Bank | Series 86 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 39,839 | |
Fair value (Non-market performance condition) | ₩ 44,859 | |
Kookmin Bank | Series 87 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 87 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 38,957 | |
Fair value (Non-market performance condition) | 43,157 | |
Kookmin Bank | Series 87 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 46,013 | |
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Series 88 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 88 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 37,288 | |
Fair value (Non-market performance condition) | 39,958 | |
Kookmin Bank | Series 88 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 41,862 | |
Fair value (Non-market performance condition) | ₩ 44,859 | |
Kookmin Bank | Series 89 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 89 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 40,943 | |
Fair value (Non-market performance condition) | 43,157 | |
Kookmin Bank | Series 89 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 48,358 | |
Fair value (Non-market performance condition) | ₩ 50,973 | |
Kookmin Bank | Series 90 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 90 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 39,554 | |
Fair value (Non-market performance condition) | 39,958 | |
Kookmin Bank | Series 90 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 44,405 | |
Fair value (Non-market performance condition) | ₩ 44,859 | |
Kookmin Bank | Series 91 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Kookmin Bank | Series 91 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 37,840 | |
Fair value (Non-market performance condition) | 39,958 | |
Kookmin Bank | Series 91 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 42,481 | |
Fair value (Non-market performance condition) | ₩ 44,859 | |
KB Financial Group Inc. | Series 27 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Series 27 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 43,157 | |
KB Financial Group Inc. | Series 27 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
KB Financial Group Inc. | Series 28 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Series 28 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 35,289 | |
Fair value (Non-market performance condition) | 41,704 | |
KB Financial Group Inc. | Series 28 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 39,662 | |
Fair value (Non-market performance condition) | ₩ 46,873 | |
KB Financial Group Inc. | Series 30 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Series 30 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 38,805 | |
Fair value (Non-market performance condition) | 41,548 | |
KB Financial Group Inc. | Series 30 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 43,583 | |
Fair value (Non-market performance condition) | ₩ 46,663 | |
KB Financial Group Inc. | Series 29 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Series 29 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 40,757 | |
Fair value (Non-market performance condition) | 43,157 | |
KB Financial Group Inc. | Series 29 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 48,322 | |
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Series 33 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Series 33 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 37,409 | |
Fair value (Non-market performance condition) | 41,548 | |
KB Financial Group Inc. | Series 33 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 45,666 | |
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Series 34 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Series 34 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 35,486 | |
Fair value (Non-market performance condition) | 39,958 | |
KB Financial Group Inc. | Series 34 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 39,839 | |
Fair value (Non-market performance condition) | ₩ 44,859 | |
KB Financial Group Inc. | Series 35 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Series 35 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 38,247 | |
Fair value (Non-market performance condition) | 39,958 | |
KB Financial Group Inc. | Series 35 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 42,939 | |
Fair value (Non-market performance condition) | ₩ 44,859 | |
KB Financial Group Inc. | Stock granted in 2015 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2015 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 43,157 | |
KB Financial Group Inc. | Stock granted in 2015 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Stock granted in 2016 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2016 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 38,393 | |
KB Financial Group Inc. | Stock granted in 2016 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Stock granted in 2017 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2017 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
KB Financial Group Inc. | Stock granted in 2017 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Stock granted in 2018 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2018 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
KB Financial Group Inc. | Stock granted in 2018 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Stock granted in 2019 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2019 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Stock granted in 2020 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2020 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 43,157 | |
KB Financial Group Inc. | Stock granted in 2020 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Stock granted in 2021 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2021 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
KB Financial Group Inc. | Stock granted in 2021 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Stock granted in 2022 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Stock granted in 2022 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 43,157 | |
KB Financial Group Inc. | Stock granted in 2022 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Deferred grant in 2015 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Deferred grant in 2015 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 43,157 | |
KB Financial Group Inc. | Deferred grant in 2015 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Deferred grant in 2016 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Deferred grant in 2016 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
KB Financial Group Inc. | Deferred grant in 2016 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Deferred grant in 2017 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Deferred grant in 2017 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Deferred Grant In 2018 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Deferred Grant In 2018 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
KB Financial Group Inc. | Deferred Grant In 2018 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Deferred Grant In 2019 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Deferred Grant In 2019 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Deferred Grant In 2020 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Deferred Grant In 2020 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 43,157 | |
KB Financial Group Inc. | Deferred Grant In 2020 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
KB Financial Group Inc. | Deferred grant in 2021 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
KB Financial Group Inc. | Deferred grant in 2021 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
KB Financial Group Inc. | Deferred grant in 2021 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Other subsidiaries | Stock granted in 2010 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2010 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2015 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 41,548 | |
Other subsidiaries | Stock granted in 2015 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2016 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 41,548 | |
Other subsidiaries | Stock granted in 2016 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2017 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 39,958 | |
Other subsidiaries | Stock granted in 2017 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2018 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 38,393 | |
Other subsidiaries | Stock granted in 2018 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2019 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 38,393 | |
Other subsidiaries | Stock granted in 2019 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2020 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 41,548 | |
Other subsidiaries | Stock granted in 2020 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2021 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2021 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 41,548 | |
Other subsidiaries | Stock granted in 2021 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Other subsidiaries | Stock granted in 2022 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2022 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 39,958 | |
Other subsidiaries | Stock granted in 2022 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2011 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2011 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Other subsidiaries | Stock granted in 2012 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2012 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Other subsidiaries | Stock granted in 2012 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Other subsidiaries | Stock granted in 2013 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2013 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Other subsidiaries | Stock granted in 2013 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Other subsidiaries | Stock granted in 2014 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2014 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 46,663 | |
Other subsidiaries | Stock granted in 2015 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2015 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 41,548 | |
Other subsidiaries | Stock granted in 2015 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 50,973 | |
Other subsidiaries | Stock granted in 2016 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2016 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 44,859 | |
Other subsidiaries | Stock granted in 2016 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2017 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2017 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 41,548 | |
Other subsidiaries | Stock granted in 2017 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 61,294 | |
Other subsidiaries | Stock granted in 2018 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2018 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 39,958 | |
Other subsidiaries | Stock granted in 2018 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2019 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2019 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 38,393 | |
Other subsidiaries | Stock granted in 2019 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2020 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2020 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 43,157 | |
Fair value (Non-market performance condition) | 39,958 | |
Other subsidiaries | Stock granted in 2020 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 50,973 | |
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2021 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2021 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 39,042 | |
Fair value (Non-market performance condition) | 41,548 | |
Other subsidiaries | Stock granted in 2021 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 50,651 | |
Fair value (Non-market performance condition) | ₩ 56,379 | |
Other subsidiaries | Stock granted in 2022 | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Risk free rate (%) | 3.78% | |
Other subsidiaries | Stock granted in 2022 | Bottom of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | ₩ 35,286 | |
Fair value (Non-market performance condition) | 39,958 | |
Other subsidiaries | Stock granted in 2022 | Top of range [member] | ||
Disclosure of indirect measurement of fair value of goods or services received share grants during period [line items] | ||
Fair value (Market performance condition) | 49,647 | |
Fair value (Non-market performance condition) | ₩ 62,269 |
General and Administrative Ex_6
General and Administrative Expenses - Summary of Mileage Stock (Details) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 KRW (₩) shares | Dec. 31, 2021 KRW (₩) shares | |
Disclosure of terms and conditions of mileage stock [line items] | ||
Number of granted shares | 80,486 | |
Remaining shares | 56,449 | |
Explanation of effect of mileage stock on financial positions | Mileage stock is exercisable for two years after one year from the grant date at the closing price of the end of the previous month. However, mileage stock can be exercised at the closing price of the end of the previous month on the date of occurrence of retirement or transfer despite a one-year grace period. | |
Liabilities from mileage stock | ₩ | ₩ 2,738 | ₩ 3,465 |
Explanation of effect of mileage stock on profit or loss | Assessed based on the stock price as of December 31, 2022. These shares are vested immediately at grant date. | |
Expense from mileage stock transactions with employees | ₩ | ₩ 870 | ₩ 2,116 |
Stock Granted in 201901 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Nov. 01, 2019 | |
Number of granted shares | 119 | |
Remaining shares | 48 | |
Stock Granted in 201901 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 201902 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Nov. 08, 2019 | |
Number of granted shares | 14 | |
Remaining shares | 6 | |
Stock Granted in 201902 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 201903 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 06, 2019 | |
Number of granted shares | 84 | |
Remaining shares | 50 | |
Stock Granted in 201903 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 201905 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 31, 2019 | |
Number of granted shares | 87 | |
Remaining shares | 43 | |
Stock Granted in 201905 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 201904 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 05, 2019 | |
Number of granted shares | 56 | |
Remaining shares | 41 | |
Stock Granted in 201904 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202001 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jan. 18, 2020 | |
Number of granted shares | 28,645 | |
Remaining shares | 15,541 | |
Stock Granted in 202001 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202001 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.05 | |
Stock Granted in 202002 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | May 12, 2020 | |
Number of granted shares | 46 | |
Remaining shares | 43 | |
Stock Granted in 202002 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202002 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.36 | |
Stock Granted in 202003 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jun. 30, 2020 | |
Number of granted shares | 206 | |
Remaining shares | 147 | |
Stock Granted in 202003 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202003 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.5 | |
Stock Granted in 202004 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Aug. 26, 2020 | |
Number of granted shares | 40 | |
Remaining shares | 27 | |
Stock Granted in 202004 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202004 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.65 | |
Stock Granted in 202005 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Oct. 29, 2020 | |
Number of granted shares | 160 | |
Remaining shares | 107 | |
Stock Granted in 202005 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202005 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.83 | |
Stock Granted in 202006 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Nov. 06, 2020 | |
Number of granted shares | 45 | |
Remaining shares | 37 | |
Stock Granted in 202006 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202006 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.85 | |
Stock Granted in 202007 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Nov. 30, 2020 | |
Number of granted shares | 35 | |
Remaining shares | 34 | |
Stock Granted in 202007 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202007 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.92 | |
Stock Granted in 202008 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 02, 2020 | |
Number of granted shares | 57 | |
Remaining shares | 44 | |
Stock Granted in 202008 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202008 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.92 | |
Stock Granted in 202009 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 04, 2020 | |
Number of granted shares | 154 | |
Remaining shares | 110 | |
Stock Granted in 202009 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202009 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0.93 | |
Stock Granted in 202010 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 30, 2020 | |
Number of granted shares | 88 | |
Remaining shares | 64 | |
Stock Granted in 202010 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted in 202010 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1 | |
Stock Granted In 202101 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jan. 15, 2021 | |
Number of granted shares | 28,156 | |
Remaining shares | 18,712 | |
Stock Granted In 202101 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202101 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.04 | |
Stock Granted In 202102 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Apr. 05, 2021 | |
Number of granted shares | 89 | |
Remaining shares | 53 | |
Stock Granted In 202102 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202102 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.26 | |
Stock Granted In 202103 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jul. 01, 2021 | |
Number of granted shares | 54 | |
Remaining shares | 54 | |
Stock Granted In 202103 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202103 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.5 | |
Stock Granted In 202104 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jul. 02, 2021 | |
Number of granted shares | 11 | |
Remaining shares | 11 | |
Stock Granted In 202104 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202104 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.5 | |
Stock Granted In 202105 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jul. 27, 2021 | |
Number of granted shares | 70 | |
Remaining shares | 63 | |
Stock Granted In 202105 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202105 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.57 | |
Stock Granted In 202106 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Nov. 01, 2021 | |
Number of granted shares | 71 | |
Remaining shares | 71 | |
Stock Granted In 202106 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202106 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.84 | |
Stock Granted In 202107 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Nov. 16, 2021 | |
Number of granted shares | 53 | |
Remaining shares | 48 | |
Stock Granted In 202107 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202107 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.88 | |
Stock Granted In 202108 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 06, 2021 | |
Number of granted shares | 87 | |
Remaining shares | 87 | |
Stock Granted In 202108 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202108 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.93 | |
Stock Granted In 202109 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 03, 2021 | |
Number of granted shares | 91 | |
Remaining shares | 89 | |
Stock Granted In 202109 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202109 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 1.92 | |
Stock Granted In 202110 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 30, 2021 | |
Number of granted shares | 76 | |
Remaining shares | 76 | |
Stock Granted In 202110 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock Granted In 202110 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2 | |
Stock granted in 202201 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jan. 14, 2022 | |
Number of granted shares | 20,909 | |
Remaining shares | 19,864 | |
Stock granted in 202201 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202201 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.04 | |
Stock granted in 202202 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Apr. 04, 2022 | |
Number of granted shares | 65 | |
Remaining shares | 65 | |
Stock granted in 202202 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202202 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.26 | |
Stock granted in 202203 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Apr. 19, 2022 | |
Number of granted shares | 33 | |
Remaining shares | 33 | |
Stock granted in 202203 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202203 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.3 | |
Stock granted in 202204 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Jul. 01, 2022 | |
Number of granted shares | 62 | |
Remaining shares | 62 | |
Stock granted in 202204 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202204 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.5 | |
Stock granted in 202205 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Aug. 03, 2022 | |
Number of granted shares | 62 | |
Remaining shares | 62 | |
Stock granted in 202205 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202205 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.59 | |
Stock granted in 202206 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Aug. 09, 2022 | |
Number of granted shares | 80 | |
Remaining shares | 76 | |
Stock granted in 202206 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202206 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.61 | |
Stock granted in 202207 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Oct. 19, 2022 | |
Number of granted shares | 55 | |
Remaining shares | 55 | |
Stock granted in 202207 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202207 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.8 | |
Stock granted in 202208 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Nov. 01, 2022 | |
Number of granted shares | 177 | |
Remaining shares | 177 | |
Stock granted in 202208 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202208 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.84 | |
Stock granted in 202209 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 01, 2022 | |
Number of granted shares | 49 | |
Remaining shares | 49 | |
Stock granted in 202209 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202209 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.92 | |
Stock granted in 202210 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 12, 2022 | |
Number of granted shares | 114 | |
Remaining shares | 114 | |
Stock granted in 202210 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202210 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.95 | |
Stock granted in 202211 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 06, 2022 | |
Number of granted shares | 88 | |
Remaining shares | 88 | |
Stock granted in 202211 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202211 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.93 | |
Stock granted in 202212 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 02, 2022 | |
Number of granted shares | 42 | |
Remaining shares | 42 | |
Stock granted in 202212 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202212 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.92 | |
Stock granted in 202213 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 15, 2022 | |
Number of granted shares | 42 | |
Remaining shares | 42 | |
Stock granted in 202213 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202213 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 2.96 | |
Stock granted in 202214 | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Grant date | Dec. 30, 2022 | |
Number of granted shares | 114 | |
Remaining shares | 114 | |
Stock granted in 202214 | Minimum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 0 | |
Stock granted in 202214 | Maximum | ||
Disclosure of terms and conditions of mileage stock [line items] | ||
Expected exercise period (Years) | 3 |
General and Administrative Ex_7
General and Administrative Expenses - Summary of Long-term Share Based Payments (Details) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 KRW (₩) shares | Dec. 31, 2021 KRW (₩) | |
Disclosure of terms and conditions of share-based payment arrangement [abstract] | ||
Grant date | Granted in 2020 | |
Type of payment | Cash-settled | |
Vested shares | shares | 13,402 | |
Expected exercise period (years) | 1 | |
Valuation method | MonteCarlo simulation model | |
Vesting Condition | Services fulfillment | |
Risk-free rate (%) | 3.78% | |
Fair value (Market performance condition) | ₩ 0 | |
Fair value (Non-market performance condition) | ₩ 46,663 | |
Information about how fair value was measured | The Group uses the volatility of the stock price over the previous year as the expected volatility, and uses the arithmetic mean of the price-dividend ratio of one year before, two years before, and three years before the base year as the dividend yield and uses one-year risk-free rate of Korea Treasury Bond in order to measure the fair value. | |
Liabilities from long-term share-based payments | ₩ 625 | ₩ 690 |
Expense from long-term share-based payments transactions | ₩ 65 | ₩ 38 |
Net Other Non-Operating Incom_3
Net Other Non-Operating Income and Expenses - Schedule Of Other Nonoperating Income Expense (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Other non-operating income | ||||
Gain on disposal of property and equipment | ₩ 155,177 | ₩ 9,045 | ₩ 111,132 | |
Rental income | 26,176 | 34,791 | 113,075 | |
Gains on a bargain purchase | 0 | $ 0 | 288 | 145,067 |
Others | 284,060 | 81,210 | 96,931 | |
Sub-total | 465,413 | 125,334 | 466,205 | |
Other non-operating expenses | ||||
Loss on disposal of property and equipment | 2,164 | 6,552 | 11,945 | |
Donation | 94,771 | 103,647 | 113,083 | |
Restoration Costs | 2,750 | 3,436 | 5,043 | |
Management cost for written-off loans | 4,296 | 4,054 | 3,018 | |
Others | 175,903 | 117,182 | 143,726 | |
Sub-total | 279,884 | 234,871 | 276,815 | |
Net other non-operating income (expenses) | ₩ 185,529 | ₩ (109,537) | ₩ 189,390 |
Income Tax Expense - Schedule O
Income Tax Expense - Schedule Of Components Of Income Tax Expense Benefit (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | ||
Income tax payable | |||||
Current income tax expense | ₩ 1,972,104 | ₩ 1,571,947 | ₩ 1,099,171 | ||
Adjustments of income tax of prior years recognized in current tax | (122,385) | 7,952 | (13,434) | ||
Sub-total | 1,849,719 | 1,579,899 | 1,085,737 | ||
Changes in deferred income tax assets and liabilities | [1] | (1,540,280) | 214,660 | 326,918 | |
Income Tax Effects Allocated Directly To Equity [Abstract] | |||||
Remeasurements of net defined benefit liabilities | (91,150) | 18,638 | 4,949 | ||
Currency translation differences | (15,059) | (15,675) | 14,988 | ||
Net gains or losses on financial assets at fair value through other comprehensive income | 1,291,023 | (71,421) | (88,907) | ||
Share of other comprehensive income or loss of associates and joint ventures | 44 | (7) | 2,976 | ||
Gains or losses on cash flow hedging instruments | (26,930) | (21,534) | 7,580 | ||
Gains or losses on hedging instruments of net investments in foreign operations | 24,936 | 25,599 | (24,500) | ||
Other comprehensive income or loss arising from separate account | 56,765 | 24,206 | 3,671 | ||
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk | (14,009) | (5,202) | (3,350) | ||
Net gains or losses on overlay adjustment | 167,741 | (46,834) | (61,637) | ||
Consideration for exchange right of exchangeable bonds | 0 | 0 | (4,526) | ||
Sub-total | 1,393,361 | (92,230) | (148,756) | ||
Others | (80,413) | (5,104) | 495 | ||
Income tax expense | ₩ 1,622,387 | $ 1,287,425 | ₩ 1,697,225 | ₩ 1,264,394 | |
[1]Due to amendments of tax laws at the end of 2022, the effect of corporate tax rate change is reflected in deferred income tax assets and liabilities that are expected to be realized after 2023. (Corporate tax rates after the amendments: 10% for tax base ₩ 200 million or less, 21% for tax base over ₩ 200 million to ₩ 20,000 million, 23.2% for tax base over ₩ 20,000 million to ₩ 300,000 million, 26.5% for tax base over ₩ 300,000 million) |
Income Tax Expense - Schedule_2
Income Tax Expense - Schedule Of Components Of Income Tax Expense Benefit (Parenthetical) (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | [1] | 27.32% | 27.33% | 27.28% |
Upto Two Hundred Million Won [member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | 10% | 11% | ||
Threshold Limit Of Taxable Income | ₩ 200 | |||
Greater Than Two Hundred Million To Twenty Thousand Million Won [member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | 21% | |||
Greater Than Two Hundred Million To Twenty Thousand Million Won [member] | Bottom Of Range Member | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Threshold Limit Of Taxable Income | ₩ 200 | |||
Greater Than Two Hundred Million To Twenty Thousand Million Won [member] | Top Of Range Member | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Threshold Limit Of Taxable Income | ₩ 20,000 | |||
Greater Than Twenty Thousand Million To Thirty Thousand Million Won [member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | 23.20% | |||
Greater Than Twenty Thousand Million To Thirty Thousand Million Won [member] | Bottom Of Range Member | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Threshold Limit Of Taxable Income | ₩ 20,000 | |||
Greater Than Twenty Thousand Million To Thirty Thousand Million Won [member] | Top Of Range Member | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Threshold Limit Of Taxable Income | ₩ 300,000 | |||
Greater Than Thirty Thousand Million Won [Member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | 26.50% | |||
Threshold Limit Of Taxable Income | ₩ 300,000 | |||
[1]Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. |
Income Tax Expense - Schedule_3
Income Tax Expense - Schedule Of Effective Income Tax Rate Reconciliation (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | ||
Reconciliation of average effective tax rate and applicable tax rate [abstract] | |||||
Profit before income tax expense | ₩ 5,795,626 | $ 4,599,046 | ₩ 6,081,606 | ₩ 4,779,972 | |
Income tax at the applicable tax rate (Amount) | [1] | 1,583,435 | 1,662,080 | 1,304,130 | |
Non-taxable income (Amount) | (70,105) | (40,708) | (73,855) | ||
Non-deductible expenses (Amount) | 22,661 | 25,739 | 16,541 | ||
Tax credit and tax exemption (Amount) | (2,380) | (361) | (4,016) | ||
Temporary difference for which no deferred tax is recognized (Amount) | 135,694 | 5,065 | 22,189 | ||
Changes in recognition and measurement of deferred tax (Amount) | 49,262 | 5,997 | 11,616 | ||
Income tax refund for tax of prior years (Amount) | (138,314) | (13,953) | (22,139) | ||
Income tax expense of overseas branches (Amount) | 31,270 | 18,571 | 10,739 | ||
Tax rate change effect (Amount) | 10,726 | 0 | |||
Others (Amount) | 138 | 34,795 | (811) | ||
Average effective income tax expense | ₩ 1,622,387 | $ 1,287,425 | ₩ 1,697,225 | ₩ 1,264,394 | |
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract] | |||||
Income tax at the applicable tax rate (Tax rate) | [1] | 27.32% | 27.32% | 27.33% | 27.28% |
Non-taxable income (Tax rate) | (1.21%) | (1.21%) | (0.67%) | (1.55%) | |
Non-deductible expenses (Tax rate) | 0.39% | 0.39% | 0.42% | 0.35% | |
Tax credit and tax exemption (Tax rate) | (0.04%) | (0.04%) | (0.01%) | (0.08%) | |
Temporary difference for which no deferred tax is recognized (Tax rate) | 2.34% | 2.34% | 0.08% | 0.47% | |
Changes in recognition and measurement of deferred tax (Tax rate) | 0.85% | 0.85% | 0.10% | 0.24% | |
Income tax refund for tax of prior years (Tax rate) | (2.39%) | (2.39%) | (0.23%) | (0.46%) | |
Income tax expense of overseas branches (Tax rate) | 0.54% | 0.54% | 0.31% | 0.23% | |
Tax rate change effect (Tax rate) | 0.19% | 0.19% | 0% | ||
Others (Tax rate) | 0% | 0% | 0.57% | (0.02%) | |
Average effective tax rate | 27.99% | 27.99% | 27.91% | 26.45% | |
Description Of Applicable Tax Rate By Taxable Income | Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. | Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. | Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. | Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. | |
[1]Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. |
Income Tax Expense - Schedule_4
Income Tax Expense - Schedule Of Effective Income Tax Rate Reconciliation (Parenthetical) (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | [1] | 27.32% | 27.33% | 27.28% |
Upto Two Hundred Million Won [Member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Taxable income | ₩ 200 | |||
Applicable tax rate | 10% | 11% | ||
Greater Than Two Hundred Million To Twenty Billion Won [Member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | 22% | |||
Greater Than Two Hundred Million To Twenty Billion Won [Member] | Top of range [member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Taxable income | ₩ 20,000 | |||
Greater Than Two Hundred Million To Twenty Billion Won [Member] | Bottom of range [member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Taxable income | ₩ 200 | |||
Greater Than Twenty Billion Upto Three Hundred Billion Won [Member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Applicable tax rate | 24.20% | |||
Greater Than Twenty Billion Upto Three Hundred Billion Won [Member] | Top of range [member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Taxable income | ₩ 300,000 | |||
Greater Than Twenty Billion Upto Three Hundred Billion Won [Member] | Bottom of range [member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Taxable income | 20,000 | |||
Greater Than Three Hundred Billion Won [Member] | ||||
Reconciliation of average effective tax rate and applicable tax rate [Line Items] | ||||
Taxable income | ₩ 300,000 | |||
Applicable tax rate | 27.50% | |||
[1]Applicable income tax rate for ₩ 200 million and below is 11%, for over ₩ 200 million to ₩ 20 billion is 22%, for over ₩ 20 billion to ₩ 300 billion is 24.2% and for over ₩ 300 billion is 27.5% for the years ended December 31, 2020, 2021 and 2022. |
Dividends - Additional Informat
Dividends - Additional Information (Details) ₩ / shares in Units, $ in Thousands, ₩ in Millions | 3 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2022 KRW (₩) ₩ / shares | Jun. 30, 2022 KRW (₩) ₩ / shares | Mar. 31, 2022 KRW (₩) ₩ / shares | Dec. 31, 2021 KRW (₩) ₩ / shares | Dec. 31, 2022 KRW (₩) ₩ / shares | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) ₩ / shares | Dec. 31, 2020 KRW (₩) | |
Disclosure Of Dividends [Abstract] | ||||||||
Dividends recognised as distributions to owners | ₩ 194,817 | ₩ 194,817 | ₩ 292,226 | ₩ 853,299 | $ 677,125 | ₩ 689,653 | ₩ 861,092 | |
Dividends Recognised As Distributions To Owners Of Parent | ₩ 194,817 | 584,452 | $ 463,785 | ₩ 292,226 | ||||
Dividends Recognised As Distributions To Owners Per Share | ₩ 500 | ₩ 500 | ₩ 500 | ₩ 750 | ₩ 1,770 | |||
Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | ₩ | ₩ 564,970 | ₩ 853,299 | ||||||
Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | ₩ 1,450 | ₩ 2,190 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) - Schedule Of Accumulated Other Comprehensive Income (Loss) (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | ₩ 1,054,945 | ₩ 630,011 |
Changes except for reclassification | (5,066,562) | 327,490 |
Reclassification to profit or loss | 240,406 | (124,950) |
Transfer within equity | (335,203) | 314,624 |
Tax effect | 1,393,361 | (92,230) |
Ending | (2,713,053) | 1,054,945 |
Remeasurements of net defined benefit liabilities | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | (328,392) | (282,650) |
Changes except for reclassification | 330,774 | (64,380) |
Reclassification to profit or loss | 0 | 0 |
Transfer within equity | 0 | 0 |
Tax effect | (91,150) | 18,638 |
Ending | (88,768) | (328,392) |
Currency translation differences | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | 96,534 | (131,113) |
Changes except for reclassification | 172,340 | 248,998 |
Reclassification to profit or loss | 0 | 1,995 |
Transfer within equity | 0 | (7,671) |
Tax effect | (15,059) | (15,675) |
Ending | 253,815 | 96,534 |
Gains on financial instruments at fair value through other comprehensive income | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | 918,927 | 717,230 |
Changes except for reclassification | (4,830,635) | (62,043) |
Reclassification to profit or loss | 326,437 | 20,537 |
Transfer within equity | (335,203) | 314,624 |
Tax effect | 1,291,023 | (71,421) |
Ending | (2,629,451) | 918,927 |
Share of other comprehensive income (loss) of associates and joint ventures | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | (2,980) | (3,529) |
Changes except for reclassification | (406) | 3,276 |
Reclassification to profit or loss | 0 | (2,720) |
Transfer within equity | 0 | 0 |
Tax effect | 44 | (7) |
Ending | (3,342) | (2,980) |
Gains (losses) on cash flow hedging instruments | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | (7,733) | (28,597) |
Changes except for reclassification | 71,692 | 95,478 |
Reclassification to profit or loss | (13,288) | (53,080) |
Transfer within equity | 0 | 0 |
Tax effect | (26,930) | (21,534) |
Ending | 23,741 | (7,733) |
Gains (losses) on hedging instruments of net investments in foreign operations | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | (35,658) | 22,277 |
Changes except for reclassification | (104,021) | (88,729) |
Reclassification to profit or loss | 0 | 5,195 |
Transfer within equity | 0 | 0 |
Tax effect | 24,936 | 25,599 |
Ending | (114,743) | (35,658) |
Other comprehensive income (loss) arising from separate account | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | (55,116) | 8,698 |
Changes except for reclassification | (225,426) | (81,601) |
Reclassification to profit or loss | 9,042 | (6,419) |
Transfer within equity | 0 | 0 |
Tax effect | 56,765 | 24,206 |
Ending | (214,735) | (55,116) |
Fair value changes of financial liabilities designated at fair value through profit or loss due to own credit risk | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | 2,208 | (11,507) |
Changes except for reclassification | 52,876 | 18,917 |
Reclassification to profit or loss | 0 | 0 |
Transfer within equity | 0 | 0 |
Tax effect | (14,009) | (5,202) |
Ending | 41,075 | 2,208 |
Gains (losses) on overlay adjustment | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | 459,484 | 339,202 |
Changes except for reclassification | (526,085) | 257,574 |
Reclassification to profit or loss | (81,785) | (90,458) |
Transfer within equity | 0 | 0 |
Tax effect | 167,741 | (46,834) |
Ending | 19,355 | 459,484 |
Assets of a disposal group held for sale | ||
Disclosure of analysis of other comprehensive income by item [line items] | ||
Beginning | 7,671 | 0 |
Changes except for reclassification | (7,671) | 0 |
Reclassification to profit or loss | 0 | 0 |
Transfer within equity | 0 | 7,671 |
Tax effect | 0 | 0 |
Ending | ₩ 0 | ₩ 7,671 |
Earnings per Share - Summary of
Earnings per Share - Summary of Basic Earnings per Share (Details) | 12 Months Ended | ||||
Dec. 31, 2022 $ / shares shares | Dec. 31, 2022 KRW (₩) ₩ / shares shares | Dec. 31, 2021 KRW (₩) ₩ / shares shares | Dec. 31, 2020 KRW (₩) ₩ / shares shares | ||
Earnings per share | |||||
Weighted average number of ordinary shares outstanding | 389,634,335 | 389,634,335 | 389,634,335 | ||
Profit attributable to shareholders of the Parent Company | ₩ | ₩ 4,394,828,402,454 | ₩ 4,409,543,288,213 | ₩ 3,468,447,701,501 | ||
Deduction: Dividends on hybrid securities | ₩ | (126,402,175,000) | (71,537,500,000) | (22,859,500,000) | ||
Profit attributable to ordinary equity holders of the Parent Company | ₩ | ₩ 4,268,426,227,454 | ₩ 4,338,005,788,213 | ₩ 3,445,588,201,501 | ||
Basic earnings per share | (per share) | $ 8.69 | ₩ 10,955 | ₩ 11,134 | ₩ 8,843 | |
Number of shares | |||||
Earnings per share | |||||
Number of issued ordinary shares | 408,897,068 | 408,897,068 | 415,807,920 | 415,807,920 | |
Number of treasury shares | [1] | (19,262,733) | (19,262,733) | (26,173,585) | (26,173,585) |
Average number of ordinary shares outstanding | 389,634,335 | 389,634,335 | 389,634,335 | 389,634,335 | |
Accumulated number of shares | |||||
Earnings per share | |||||
Number of issued ordinary shares | 150,138,929,728 | 150,138,929,728 | 151,769,890,800 | 152,185,698,720 | |
Number of treasury shares | [1] | (7,922,397,453) | (7,922,397,453) | (9,553,358,525) | (9,579,532,110) |
Average number of ordinary shares outstanding | 142,216,532,275 | 142,216,532,275 | 142,216,532,275 | 142,606,166,610 | |
Number of days | 365 | 365 | 366 | ||
Weighted average number of ordinary shares outstanding | 389,634,335 | 389,634,335 | 389,634,335 | ||
[1]The number of treasury shares have excluded the initial redemption of treasury shares from February 14, 2022, and the 2nd redemption from August 1, 2022. |
Earnings per Share - Summary _2
Earnings per Share - Summary of Diluted Earnings per Share (Details) | 12 Months Ended | |||
Dec. 31, 2022 $ / shares | Dec. 31, 2022 KRW (₩) ₩ / shares shares | Dec. 31, 2021 KRW (₩) ₩ / shares shares | Dec. 31, 2020 KRW (₩) ₩ / shares shares | |
Earnings per share [abstract] | ||||
Explanation of adjustments between denominators used to calculate basic and diluted earnings per share | A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. | A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. | A calculation is done to determine the number of shares that could have been acquired at fair value (determined as the average market share price for the year) based on the monetary value of stock grants. The number of shares calculated above is compared with the number of shares that would have been issued assuming the settlement of stock grants. | |
Profit loss attributable to ordinary equity holders of parent entity including dilutive effects [abstract] | ||||
Profit attributable to shareholders of the Parent Company | ₩ 4,394,828,402,454 | ₩ 4,409,543,288,213 | ₩ 3,468,447,701,501 | |
Deduction: Dividends on hybrid securities | (126,402,175,000) | (71,537,500,000) | (22,859,500,000) | |
Profit attributable to ordinary equity holders of the Parent Company | 4,268,426,227,454 | 4,338,005,788,213 | 3,445,588,201,501 | |
Adjustments: Interest expense on exchangeable bonds | 2,380,953,816 | 2,347,186,871 | 798,012,332 | |
Adjusted profit for diluted earnings per share | ₩ 4,270,807,181,270 | ₩ 4,340,352,975,084 | ₩ 3,446,386,213,833 | |
Weighted average ordinary shares and adjusted weighted average ordinary shares [abstract] | ||||
Weighted average number of ordinary shares outstanding | shares | 389,634,335 | 389,634,335 | 389,634,335 | |
Stock grants | shares | 4,306,711 | 3,945,208 | 3,416,737 | |
Exchangeable bonds | shares | 5,000,000 | 5,000,000 | 1,707,650 | |
Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share | shares | 398,941,046 | 398,579,543 | 394,758,722 | |
Basic and diluted earnings per share [Abstract] | ||||
Adjusted profit for diluted earnings per share | ₩ 4,270,807,181,270 | ₩ 4,340,352,975,084 | ₩ 3,446,386,213,833 | |
Adjusted weighted average number of ordinary shares outstanding for diluted earnings per share | shares | 398,941,046 | 398,579,543 | 394,758,722 | |
Diluted earnings per share | (per share) | $ 8.49 | ₩ 10,705 | ₩ 10,890 | ₩ 8,730 |
Insurance Contracts - Summary o
Insurance Contracts - Summary of Deferred Acquisition Costs (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred Acquisition Costs Arising From Insurance Contracts [Line Items] | |||
Total | ₩ 1,910,161 | ₩ 1,576,206 | ₩ 1,170,972 |
Non-life insurance | |||
Deferred Acquisition Costs Arising From Insurance Contracts [Line Items] | |||
Total | 1,430,461 | 1,230,375 | 965,683 |
Life insurance | |||
Deferred Acquisition Costs Arising From Insurance Contracts [Line Items] | |||
Total | ₩ 479,700 | ₩ 345,831 | ₩ 205,289 |
Insurance Contracts - Summary_2
Insurance Contracts - Summary of Changes in the Deferred Acquisition Costs Included in Other Assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation Of Changes In Deferred Acquisition Costs Arising From Insurance Contracts [Line Items] | |||
Beginning | ₩ 1,576,206 | ₩ 1,170,972 | |
Increase | 1,352,739 | 1,224,388 | |
Amortization | (1,018,784) | (819,154) | ₩ (767,633) |
Ending | 1,910,161 | 1,576,206 | 1,170,972 |
Non-life insurance | |||
Reconciliation Of Changes In Deferred Acquisition Costs Arising From Insurance Contracts [Line Items] | |||
Beginning | 1,230,375 | 965,683 | |
Increase | 1,060,160 | 965,735 | |
Amortization | (860,074) | (701,043) | |
Ending | 1,430,461 | 1,230,375 | 965,683 |
Life insurance | |||
Reconciliation Of Changes In Deferred Acquisition Costs Arising From Insurance Contracts [Line Items] | |||
Beginning | 345,831 | 205,289 | |
Increase | 292,579 | 258,653 | |
Amortization | (158,710) | (118,111) | |
Ending | ₩ 479,700 | ₩ 345,831 | ₩ 205,289 |
Insurance Contracts - Summary_3
Insurance Contracts - Summary of Reinsurance Assets Included in Other Assets (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | ₩ 1,338,387 | ₩ 1,348,492 | ₩ 1,205,708 |
Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 1,342,441 | 1,348,928 | 1,206,587 |
Allowances for impairment losses | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | (4,054) | (436) | (879) |
General Insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 869,492 | 879,936 | 732,579 |
General Insurance | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 262,817 | 262,020 | 285,634 |
Non-life insurance | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 1,336,142 | 1,343,051 | 1,200,233 |
Life insurance | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 3,250 | 3,154 | 3,032 |
Life insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 2,300 | 2,169 | 2,081 |
Life insurance | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 950 | 985 | 951 |
Automobile insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 15,136 | 16,989 | 14,916 |
Automobile insurance | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 1,078 | 5,575 | 10,870 |
Long-term Insurance | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 187,619 | 178,531 | 156,234 |
Others | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 3,049 | 2,723 | 3,322 |
Others | Reserve for outstanding claims | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | 2,462 | 2,103 | 2,427 |
Others | Unearned premium reserve | Acquisition cost | |||
Details Of Reinsurance Assets Presented Within Other Assets [Line Items] | |||
Reinsurance assets | ₩ 587 | ₩ 620 | ₩ 895 |
Insurance Contracts - Summary_4
Insurance Contracts - Summary of Changes in Reinsurance Assets Included in Other Assets (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | ₩ 1,348,492 | ₩ 1,205,708 |
Net increase (decrease) | (10,105) | 142,784 |
Ending | 1,338,387 | 1,348,492 |
Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 1,348,928 | 1,206,587 |
Net increase (decrease) | (6,487) | 142,341 |
Ending | 1,342,441 | 1,348,928 |
Allowances for impairment losses | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | (436) | (879) |
Net increase (decrease) | (3,618) | 443 |
Ending | (4,054) | (436) |
Non-life insurance | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 1,343,051 | 1,200,233 |
Net increase (decrease) | (6,909) | 142,818 |
Ending | 1,336,142 | 1,343,051 |
General Insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 879,936 | 732,579 |
Net increase (decrease) | (10,444) | 147,357 |
Ending | 869,492 | 879,936 |
General Insurance | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 262,020 | 285,634 |
Net increase (decrease) | 797 | (23,614) |
Ending | 262,817 | 262,020 |
Life insurance | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 3,154 | 3,032 |
Net increase (decrease) | 96 | 122 |
Ending | 3,250 | 3,154 |
Life insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 2,169 | 2,081 |
Net increase (decrease) | 131 | 88 |
Ending | 2,300 | 2,169 |
Life insurance | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 985 | 951 |
Net increase (decrease) | (35) | 34 |
Ending | 950 | 985 |
Automobile insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 16,989 | 14,916 |
Net increase (decrease) | (1,853) | 2,073 |
Ending | 15,136 | 16,989 |
Automobile insurance | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 5,575 | 10,870 |
Net increase (decrease) | (4,497) | (5,295) |
Ending | 1,078 | 5,575 |
Long-term Insurance | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 178,531 | 156,234 |
Net increase (decrease) | 9,088 | 22,297 |
Ending | 187,619 | 178,531 |
Others | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 2,723 | 3,322 |
Net increase (decrease) | 326 | (599) |
Ending | 3,049 | 2,723 |
Others | Reserve for outstanding claims | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 2,103 | 2,427 |
Net increase (decrease) | 359 | (324) |
Ending | 2,462 | 2,103 |
Others | Unearned premium reserve | Acquisition cost | ||
Details Of Changes In Reinsurance Assets Presented Within Other Assets [Line Items] | ||
Beginning | 620 | 895 |
Net increase (decrease) | (33) | (275) |
Ending | ₩ 587 | ₩ 620 |
Insurance Contracts - Summary_5
Insurance Contracts - Summary of Insurance Liabilities (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Disclosure of types of insurance contracts [line items] | |||
Total Liabilities Arising From Insurance Contracts | ₩ 58,230,303 | ₩ 57,165,936 | |
Premium reserve | [1] | 51,379,142 | 50,449,513 |
Reserve for outstanding claims | 3,758,845 | 3,640,377 | |
Unearned premium reserve | 2,045,777 | 1,919,307 | |
Reserve for dividend to policyholders | 171,309 | 162,985 | |
Reserve for distribution of earnings to policyholders | 67,687 | 67,950 | |
Reserve for loss compensation on participating insurance | 29,462 | 30,898 | |
Guarantee reserve | 778,081 | 894,906 | |
Amortization Of Value Of Business Acquired VOBA | 2,111,541 | 2,390,985 | |
Non-life insurance | |||
Disclosure of types of insurance contracts [line items] | |||
Total Liabilities Arising From Insurance Contracts | 32,555,176 | 31,583,666 | |
Premium reserve | [1] | 26,765,973 | 26,086,004 |
Reserve for outstanding claims | 3,531,159 | 3,378,427 | |
Unearned premium reserve | 2,038,077 | 1,909,327 | |
Reserve for dividend to policyholders | 132,076 | 122,025 | |
Reserve for distribution of earnings to policyholders | 63,821 | 63,093 | |
Reserve for loss compensation on participating insurance | 24,070 | 24,790 | |
Guarantee reserve | 0 | 0 | |
Life insurance | |||
Disclosure of types of insurance contracts [line items] | |||
Total Liabilities Arising From Insurance Contracts | 25,672,079 | 25,579,546 | |
Premium reserve | [1] | 24,613,169 | 24,363,509 |
Reserve for outstanding claims | 225,226 | 259,848 | |
Unearned premium reserve | 7,112 | 9,358 | |
Reserve for dividend to policyholders | 39,233 | 40,960 | |
Reserve for distribution of earnings to policyholders | 3,866 | 4,857 | |
Reserve for loss compensation on participating insurance | 5,392 | 6,108 | |
Guarantee reserve | 778,081 | 894,906 | |
Others | |||
Disclosure of types of insurance contracts [line items] | |||
Total Liabilities Arising From Insurance Contracts | 3,048 | 2,724 | |
Premium reserve | [1] | 0 | 0 |
Reserve for outstanding claims | 2,460 | 2,102 | |
Unearned premium reserve | 588 | 622 | |
Reserve for dividend to policyholders | 0 | 0 | |
Reserve for distribution of earnings to policyholders | 0 | 0 | |
Reserve for loss compensation on participating insurance | 0 | 0 | |
Guarantee reserve | ₩ 0 | ₩ 0 | |
[1]Includes negative VOBA amounting to ₩ 2,390,985 million and ₩ 2,111,541 million as of December 31, 2021 and 2022, respectively. |
Insurance Contracts - Summary_6
Insurance Contracts - Summary of Changes in Insurance Liabilities (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | |||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | ₩ 57,165,936 | ₩ 54,415,296 | |||
Net increase (decrease) | [1] | 1,064,367 | 2,750,640 | ||
Ending | 58,230,303 | $ 46,207,925 | 57,165,936 | ||
Automobile insurance | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 2,025,565 | 1,897,872 | |||
Net increase (decrease) | [1] | 145,331 | 127,693 | ||
Ending | 2,170,896 | 2,025,565 | |||
Long-term Insurance | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 27,735,736 | 26,362,479 | |||
Net increase (decrease) | [1] | 778,634 | 1,373,257 | ||
Ending | 28,514,370 | 27,735,736 | |||
General Insurance | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 1,791,284 | 1,568,741 | |||
Net increase (decrease) | [1] | 68,690 | 222,543 | ||
Ending | 1,859,974 | 1,791,284 | |||
Long-term investment contract | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 31,081 | 106,853 | |||
Net increase (decrease) | [1] | (21,147) | (75,772) | ||
Ending | 9,934 | 31,081 | |||
Pure endowment insurance | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 8,007,348 | 7,570,349 | |||
Net increase (decrease) | [1] | (840,495) | 436,999 | ||
Ending | 7,166,853 | 8,007,348 | |||
Death insurance | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 16,516,417 | 15,706,051 | |||
Net increase (decrease) | [1] | 816,485 | 810,366 | ||
Ending | 17,332,902 | 16,516,417 | |||
Endowment insurance | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 1,045,337 | 1,188,299 | |||
Net increase (decrease) | [1] | 118,328 | (142,962) | ||
Ending | 1,163,665 | 1,045,337 | |||
Group insurance and others | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | [2] | 10,445 | 11,330 | ||
Net increase (decrease) | [1] | (1,785) | [2] | (885) | |
Ending | [2] | 8,660 | 10,445 | ||
Others | |||||
Changes In Liabilities Under Insurance Contracts And Reinsurance Contracts Issued [Line Items] | |||||
Beginning | 2,723 | 3,322 | |||
Net increase (decrease) | [1] | 326 | (599) | ||
Ending | ₩ 3,049 | ₩ 2,723 | |||
[1]Includes exchange differences effect and decrease in liabilities related to investment contracts.[2]Includes reserve for distribution of earnings to policyholders and reserve for loss compensation on participating insurance. |
Insurance Contracts - Summary_7
Insurance Contracts - Summary of Assumptions and Basis for the Insurance Liability Adequacy Test (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
KB Life Insurance Co., Ltd. | Discount rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Estimated investment yield based on the interest rate scenario provided by the Financial Supervisory Service adjusted by risk spread | |
KB Life Insurance Co., Ltd. | Discount rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | (2.84%) | (3.39%) |
KB Life Insurance Co., Ltd. | Discount rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 21.14% | 19.54% |
KB Life Insurance Co., Ltd. | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Ratio of canceled premiums to premiums by product group, method of payment, channel, and elapsed period, based on the recent five-year experience statistics | |
KB Life Insurance Co., Ltd. | Lapse ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 0% | 0% |
KB Life Insurance Co., Ltd. | Lapse ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 78.60% | 65.57% |
KB Life Insurance Co., Ltd. | Loss ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Ratio of number of accidents to the number of holding contracts, by collateral, gender, and elapsed period, based on the recent seven-year experience statistics | |
KB Life Insurance Co., Ltd. | Loss ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 20% | 22% |
KB Life Insurance Co., Ltd. | Loss ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 162% | 162% |
General Insurance | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 0.86% | 0.90% |
Basis | Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years | Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years |
General Insurance | Sales cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 6.31% | 6.30% |
Basis | Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) | Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) |
General Insurance | Maintenance cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 9.12% | 10.50% |
Basis | Ratio of maintenance cost to earned premiums by type of contracts for the preceding year | Ratio of maintenance cost to earned premiums by type of contracts for the preceding year |
General Insurance | Claim survey cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 4.54% | 4.70% |
Basis | Ratio of claim survey cost to insurance claim payments by type of contracts for the preceding three years | Ratio of claim survey cost to insurance claim payments by type of contracts for the preceding three years |
General Insurance | Loss ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 82.27% | 78.50% |
Basis | Ratio of final loss incurred to earned premiums by type of contracts for the preceding five years | Ratio of final loss incurred to earned premiums by type of contracts for the preceding five years |
Prudential Life Insurance Company of Korea Ltd. | Discount rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Calculated by applying an interest rate scenario which is a risk-free rate scenario adjusted by liquidity premium presented by the Financial Supervisory Service | |
Prudential Life Insurance Company of Korea Ltd. | Discount rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | (2.84%) | (3.39%) |
Prudential Life Insurance Company of Korea Ltd. | Discount rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 21.14% | 19.54% |
Prudential Life Insurance Company of Korea Ltd. | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Calculated based on the amount of insurance coverage by elapsed period based on the recent five-year experience statistics | Calculated based on the amount of insurance coverage by elapsed period based on the recent five-year experience statistics |
Prudential Life Insurance Company of Korea Ltd. | Lapse ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 1.30% | 1% |
Prudential Life Insurance Company of Korea Ltd. | Lapse ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 25% | 26% |
Prudential Life Insurance Company of Korea Ltd. | Risk Rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Calculated by ratio of insurance claim payments to risk premiums by elapsed period based on the recent five-year experience statistics | |
Prudential Life Insurance Company of Korea Ltd. | Risk Rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 21% | 28% |
Prudential Life Insurance Company of Korea Ltd. | Risk Rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 982% | 545% |
Automobile insurance | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 4.70% | 4.70% |
Basis | Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years | Ratio of surrender value to direct insurance premiums by type of contracts for the preceding five years |
Automobile insurance | Sales cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 7.50% | 7.60% |
Basis | Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) | Ratio of sales cost to direct insurance premiums by type of contracts for the preceding year (applicable only to unpaid premiums) |
Automobile insurance | Maintenance cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 8.50% | 8.80% |
Basis | Ratio of maintenance cost to earned premiums by type of collaterals for the preceding year | Ratio of maintenance cost to earned premiums by type of collaterals for the preceding year |
Automobile insurance | Claim survey cost ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 8.10% | 8.10% |
Basis | Ratio of claim survey cost to insurance claim payments by type of collaterals for the preceding three years | Ratio of claim survey cost to insurance claim payments by type of collaterals for the preceding three years |
Automobile insurance | Loss ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 77.60% | 78.20% |
Basis | Ratio of final loss incurred to earned premiums by type of collaterals for the preceding five years | Ratio of final loss incurred to earned premiums by type of collaterals for the preceding five years |
Long-term Insurance | Discount rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Calculated by applying an interest rate scenario which is a risk-free rate scenario adjusted by liquidity premium presented by director of the Financial Supervisory Service | Calculated by applying an interest rate scenario which is a risk-free rate scenario adjusted by liquidity premium presented by director of the Financial Supervisory Service |
Long-term Insurance | Discount rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | (2.84%) | (3.39%) |
Long-term Insurance | Discount rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 21.14% | 19.54% |
Long-term Insurance | Expense ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 5.93% | 6.25% |
Basis | Calculated using future expense plan based on the recent one-year experience statistics | |
Long-term Insurance | Lapse ratio | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Calculated based on the recent five-year experience statistics | Calculated based on the recent five-year experience statistics |
Long-term Insurance | Lapse ratio | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 1.37% | 1.49% |
Long-term Insurance | Lapse ratio | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 32.92% | 35.98% |
Long-term Insurance | Risk Rate | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Basis | Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics | Calculated by ratio of insurance claim payments to risk premiums based on the recent seven-year experience statistics |
Long-term Insurance | Risk Rate | Bottom Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 8.20% | 7.40% |
Long-term Insurance | Risk Rate | Top Of Range Member | ||
Assumptions And Basis For Insurance Liability Adequacy Test [Line Items] | ||
Assumptions(%) | 1,214.30% | 1,143.80% |
Insurance Contracts - Summary_8
Insurance Contracts - Summary of Results of the Insurance Liability Adequacy Test (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Non-life insurance | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | [1] | ₩ 24,370,920 | ₩ 23,680,213 |
Estimated adequate liabilities | 10,471,176 | 16,036,743 | |
Shortfall(surplus) | 13,899,744 | 7,643,470 | |
General Insurance [Member] | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | [1] | 570,608 | 465,812 |
Estimated adequate liabilities | 537,204 | 437,555 | |
Shortfall(surplus) | 33,404 | 28,257 | |
K B Life Insurance Co., Ltd. [Member] | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | 6,863,684 | 7,338,543 | |
Estimated adequate liabilities | 4,970,244 | 6,132,743 | |
Shortfall(surplus) | 1,893,440 | 1,205,800 | |
K B Life Insurance Co., Ltd. [Member] | Fixed interest type Participating | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | 30,720 | 30,828 | |
Estimated adequate liabilities | 43,889 | 51,443 | |
Shortfall(surplus) | (13,169) | (20,615) | |
K B Life Insurance Co., Ltd. [Member] | Fixed interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | 1,238,004 | 664,569 | |
Estimated adequate liabilities | (6,488) | 5,876 | |
Shortfall(surplus) | 1,244,492 | 658,693 | |
K B Life Insurance Co., Ltd. [Member] | Variable interest type Participating | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | 814,350 | 896,754 | |
Estimated adequate liabilities | 817,087 | 913,067 | |
Shortfall(surplus) | (2,737) | (16,313) | |
K B Life Insurance Co., Ltd. [Member] | Variable interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | 4,826,517 | 5,754,214 | |
Estimated adequate liabilities | 4,219,110 | 5,263,775 | |
Shortfall(surplus) | 607,407 | 490,439 | |
K B Life Insurance Co., Ltd. [Member] | Varibale type | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | (45,907) | (7,822) | |
Estimated adequate liabilities | (103,354) | (101,418) | |
Shortfall(surplus) | 57,447 | 93,596 | |
KB Life Insurance Co Ltd Former Prudential Life Insurance Company of Korea Ltd [Member] | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Shortfall(surplus) | 5,935,967 | 2,187,096 | |
KB Life Insurance Co Ltd Former Prudential Life Insurance Company of Korea Ltd [Member] | Fixed interest type Participating | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Shortfall(surplus) | 1,177 | (7,687) | |
KB Life Insurance Co Ltd Former Prudential Life Insurance Company of Korea Ltd [Member] | Fixed interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Shortfall(surplus) | 4,484,049 | 787,200 | |
KB Life Insurance Co Ltd Former Prudential Life Insurance Company of Korea Ltd [Member] | Variable interest type Non-participating | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Shortfall(surplus) | 185,675 | 128,963 | |
KB Life Insurance Co Ltd Former Prudential Life Insurance Company of Korea Ltd [Member] | Varibale type | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Shortfall(surplus) | 1,265,066 | 1,278,620 | |
Automobile insurance | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | [1] | 1,491,245 | 1,401,462 |
Estimated adequate liabilities | 1,395,407 | 1,322,026 | |
Shortfall(surplus) | 95,838 | 79,436 | |
Long-term Insurance | |||
Results Of Insurance Liability Adequacy Test [Line Items] | |||
Recognized liabilities | [1] | 22,309,067 | 21,812,939 |
Estimated adequate liabilities | 8,538,565 | 14,277,162 | |
Shortfall(surplus) | ₩ 13,770,502 | ₩ 7,535,777 | |
[1]In the case of long-term 6-3 |
Insurance Contracts - Summary_9
Insurance Contracts - Summary of Insurance Income and Expenses (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Disclosure Of Insurance Income And Expenses | ||||
Sub-total | ₩ 17,136,842 | $ 13,598,726 | ₩ 16,107,858 | ₩ 14,386,640 |
Premium income | 15,765,939 | 14,684,383 | 12,872,727 | |
Reinsurance income | 1,029,943 | 990,437 | 823,500 | |
Reversal of policy reserves | 0 | 599 | 85 | |
Separate account income | 331,281 | 286,967 | 216,485 | |
Income from change in reinsurance assets | 0 | 135,159 | 467,729 | |
Other insurance income | 9,679 | 10,313 | 6,114 | |
Sub-total | 16,440,329 | 13,046,016 | 15,551,147 | 14,086,647 |
Insurance claims paid | 6,325,021 | 5,777,899 | 5,264,829 | |
Refunds of surrender value | 5,556,410 | 4,032,209 | 3,286,150 | |
Dividend expenses | 15,370 | 14,038 | 11,661 | |
Reinsurance expenses | 1,268,711 | 1,163,056 | 1,127,304 | |
Provision for policy reserves | 1,046,300 | 2,761,735 | 2,709,903 | |
Separate account expenses | 264,517 | 112,180 | 113,703 | |
Administration expenses | 715,317 | 644,947 | 563,085 | |
Amortization of deferred acquisition costs | 1,018,784 | 819,154 | 767,633 | |
Expenses from change in reinsurance assets | 0 | 0 | 163 | |
Claim survey expenses paid | 73,803 | 60,234 | 58,873 | |
Other insurance expenses | 156,096 | 165,695 | 183,343 | |
Net insurance income | ₩ 696,513 | $ 552,709 | ₩ 556,711 | ₩ 299,993 |
Insurance Contracts - Summar_10
Insurance Contracts - Summary of Insurance Risk Management (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
KB Insurance Co., Ltd. | Non-life insurance | ||
Disclosure Of Nature And Extent Of Risks Arising From Insurance Contracts [Line Items] | ||
Purposes, policies and procedures to manage risk arising from insurance contracts | The risks associated with insurance contracts that the Group faces are insurance actuarial risk and underwriting risk. Each risk occurs due to insurance contract’s pricing and conditions of underwriting. In order to minimize the possibility of acquiring a bad contract, the Group has established and operated detailed underwriting guidelines and underwriting procedures by insurance type that specify detailed underwriting conditions according to the type of risk covered through pre-analysis of insured property. In addition, the Group is making efforts to reduce insurance actuarial risk by follow-up measures such as adjustments of premium rate, | The risks associated with insurance contracts that the Group faces are insurance actuarial risk and underwriting risk. Each risk occurs due to insurance contract’s pricing and conditions of underwriting. In order to minimize the possibility of acquiring a bad contract, the Group has established and operated detailed underwriting guidelines and underwriting procedures by insurance type that specify detailed underwriting conditions according to the type of risk covered through pre-analysis of insured property. In addition, the Group is making efforts to reduce insurance actuarial risk by follow-up measures such as adjustments of premium rate, |
KB Life Insurance Co., Ltd. | Life insurance | ||
Disclosure Of Nature And Extent Of Risks Arising From Insurance Contracts [Line Items] | ||
Concentration of insurance risk and reinsurance policy | The Group is using reinsurance to mitigate the concentration of insurance risk and increase capital management efficiency using advanced techniques. The reinsurance guidelines are operated separately into individual contracts and group contracts, and reinsurance is ceded through the following process: (a) In the decision-making process of launching a new product, the Group decides on ceding reinsurance. Subsequently, the Group selects the reinsurer through bidding, and decides whether to reinsure or not through agreements with the relevant departments, and final approval by executive of department in charge. (b) The reinsurance department analyzes the object of reinsurance, the maximum limit of reinsurance, and the loss ratio through consultation with the relevant departments. | The Group is using reinsurance to mitigate the concentration of insurance risk and increase capital management efficiency using advanced techniques. The reinsurance guidelines are operated separately into individual contracts and group contracts, and reinsurance is ceded through the following process: (a) In the decision-making process of launching a new product, the Group decides on ceding reinsurance. Subsequently, the Group selects the reinsurer through bidding, and decides whether to reinsure or not through agreements with the relevant departments, and final approval by executive of department in charge. (b) The reinsurance department analyzes the object of reinsurance, the maximum limit of reinsurance, and the loss ratio through consultation with the relevant departments. |
Insurance Contracts - Summar_11
Insurance Contracts - Summary of Exposure to Insurance Price Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Non Life Insurance Price Risk [Line Items] | ||
Direct insurance | ₩ 7,467,394 | ₩ 6,828,525 |
Reinsurance assumed | 121,296 | 93,191 |
Reinsurance ceded | (1,198,332) | (1,106,175) |
Total | 6,390,358 | 5,815,541 |
General Insurance | ||
Disclosure Of Non Life Insurance Price Risk [Line Items] | ||
Direct insurance | 1,287,819 | 1,161,427 |
Reinsurance assumed | 121,296 | 93,191 |
Reinsurance ceded | (698,981) | (630,231) |
Total | 710,134 | 624,387 |
Automobile insurance | ||
Disclosure Of Non Life Insurance Price Risk [Line Items] | ||
Direct insurance | 2,684,544 | 2,538,277 |
Reinsurance assumed | 0 | 0 |
Reinsurance ceded | (4,788) | (13,683) |
Total | 2,679,756 | 2,524,594 |
Long-term Insurance | ||
Disclosure Of Non Life Insurance Price Risk [Line Items] | ||
Direct insurance | 3,495,031 | 3,128,821 |
Reinsurance assumed | 0 | 0 |
Reinsurance ceded | (494,563) | (462,261) |
Total | ₩ 3,000,468 | ₩ 2,666,560 |
Insurance Contracts - Summar_12
Insurance Contracts - Summary of Loss Development Tables for Non-Life Insurance (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
After 1 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | ₩ 1,289,068 | ₩ 1,112,723 |
Gross cumulative claim payments (B) | 987,321 | 876,063 |
Difference (A-B) | 301,747 | 236,660 |
After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 10,913,758 | 10,282,470 |
Gross cumulative claim payments (B) | 9,030,340 | 8,535,308 |
Difference (A-B) | 1,883,418 | 1,747,162 |
After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 11,468,507 | 10,076,529 |
Gross cumulative claim payments (B) | 11,017,893 | 9,685,693 |
Difference (A-B) | 450,614 | 390,836 |
After 2 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,129,938 | 979,513 |
Gross cumulative claim payments (B) | 1,029,794 | 893,533 |
Difference (A-B) | 100,144 | 85,980 |
After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 9,113,052 | 8,601,032 |
Gross cumulative claim payments (B) | 8,795,879 | 8,310,028 |
Difference (A-B) | 317,173 | 291,004 |
After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 12,447,097 | 10,825,380 |
Gross cumulative claim payments (B) | 12,349,161 | 10,735,807 |
Difference (A-B) | 97,936 | 89,573 |
After 3 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 795,643 | 719,261 |
Gross cumulative claim payments (B) | 754,458 | 688,876 |
Difference (A-B) | 41,185 | 30,385 |
After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 7,403,133 | 7,019,867 |
Gross cumulative claim payments (B) | 7,251,687 | 6,884,458 |
Difference (A-B) | 151,446 | 135,409 |
After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 9,910,703 | 8,652,177 |
Gross cumulative claim payments (B) | 9,865,454 | 8,610,434 |
Difference (A-B) | 45,249 | 41,743 |
After 4 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 521,982 | 456,939 |
Gross cumulative claim payments (B) | 505,470 | 440,097 |
Difference (A-B) | 16,512 | 16,842 |
After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 5,801,569 | 5,414,685 |
Gross cumulative claim payments (B) | 5,717,914 | 5,349,679 |
Difference (A-B) | 83,655 | 65,006 |
After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 7,480,400 | 6,423,035 |
Gross cumulative claim payments (B) | 7,454,999 | 6,401,337 |
Difference (A-B) | 25,401 | 21,698 |
After 5 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 251,815 | 207,252 |
Gross cumulative claim payments (B) | 245,732 | 202,548 |
Difference (A-B) | 6,083 | 4,704 |
After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 4,169,967 | 3,938,725 |
Gross cumulative claim payments (B) | 4,123,438 | 3,900,843 |
Difference (A-B) | 46,529 | 37,882 |
After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 5,175,093 | 4,473,333 |
Gross cumulative claim payments (B) | 5,163,261 | 4,465,721 |
Difference (A-B) | 11,832 | 7,612 |
After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,686,720 | 2,580,221 |
Gross cumulative claim payments (B) | 2,652,612 | 2,553,375 |
Difference (A-B) | 34,108 | 26,846 |
After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 3,209,001 | 2,783,812 |
Gross cumulative claim payments (B) | 3,203,568 | 2,779,932 |
Difference (A-B) | 5,433 | 3,880 |
After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,316,456 | 1,282,673 |
Gross cumulative claim payments (B) | 1,293,473 | 1,264,247 |
Difference (A-B) | 22,983 | 18,426 |
After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,511,728 | 1,275,520 |
Gross cumulative claim payments (B) | 1,509,334 | 1,274,908 |
Difference (A-B) | 2,394 | 612 |
2015.1.1 ~ 2015.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,227,107 | |
Gross cumulative claim payments (B) | 1,020,975 | |
2015.1.1 ~ 2015.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 885,476 | |
Gross cumulative claim payments (B) | 836,472 | |
2015.1.1 ~ 2015.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,245,781 | |
Gross cumulative claim payments (B) | 1,198,240 | |
2015.1.1 ~ 2015.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,219,394 | |
Gross cumulative claim payments (B) | 1,205,130 | |
2015.1.1 ~ 2015.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,256,059 | |
Gross cumulative claim payments (B) | 1,228,357 | |
2015.1.1 ~ 2015.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,256,051 | |
Gross cumulative claim payments (B) | 1,248,475 | |
2015.1.1 ~ 2015.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,263,044 | |
Gross cumulative claim payments (B) | 1,245,780 | |
2015.1.1 ~ 2015.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,266,881 | |
Gross cumulative claim payments (B) | 1,262,528 | |
2015.1.1 ~ 2015.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,267,142 | |
Gross cumulative claim payments (B) | 1,254,186 | |
2015.1.1 ~ 2015.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,270,967 | |
Gross cumulative claim payments (B) | 1,269,557 | |
2015.1.1 ~ 2015.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,271,000 | |
Gross cumulative claim payments (B) | 1,261,995 | |
2015.1.1 ~ 2015.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,273,615 | |
Gross cumulative claim payments (B) | 1,272,648 | |
2015.1.1 ~ 2015.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,282,673 | |
Gross cumulative claim payments (B) | 1,264,247 | |
2015.1.1 ~ 2015.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,275,520 | |
Gross cumulative claim payments (B) | 1,274,908 | |
2016.1.1 ~ 2016.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,276,939 | 1,276,939 |
Gross cumulative claim payments (B) | 1,052,830 | 1,052,830 |
2016.1.1 ~ 2016.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,064,743 | 1,064,744 |
Gross cumulative claim payments (B) | 1,017,244 | 1,017,243 |
2016.1.1 ~ 2016.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,281,381 | 1,281,381 |
Gross cumulative claim payments (B) | 1,235,655 | 1,235,656 |
2016.1.1 ~ 2016.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,437,574 | 1,437,574 |
Gross cumulative claim payments (B) | 1,424,948 | 1,424,948 |
2016.1.1 ~ 2016.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,287,728 | 1,287,728 |
Gross cumulative claim payments (B) | 1,264,651 | 1,264,651 |
2016.1.1 ~ 2016.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,485,839 | 1,485,839 |
Gross cumulative claim payments (B) | 1,477,414 | 1,477,415 |
2016.1.1 ~ 2016.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,294,735 | 1,294,735 |
Gross cumulative claim payments (B) | 1,282,346 | 1,282,346 |
2016.1.1 ~ 2016.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,500,403 | 1,500,403 |
Gross cumulative claim payments (B) | 1,496,556 | 1,496,556 |
2016.1.1 ~ 2016.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,299,964 | 1,299,964 |
Gross cumulative claim payments (B) | 1,288,754 | 1,288,754 |
2016.1.1 ~ 2016.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,506,889 | 1,506,889 |
Gross cumulative claim payments (B) | 1,503,841 | 1,503,841 |
2016.1.1 ~ 2016.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,309,221 | 1,309,221 |
Gross cumulative claim payments (B) | 1,291,380 | 1,291,380 |
2016.1.1 ~ 2016.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,510,197 | 1,510,197 |
Gross cumulative claim payments (B) | 1,507,284 | 1,507,284 |
2016.1.1 ~ 2016.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,316,456 | 0 |
Gross cumulative claim payments (B) | 1,293,473 | 0 |
2016.1.1 ~ 2016.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,511,728 | 0 |
Gross cumulative claim payments (B) | 1,509,334 | 0 |
2017.1.1 ~ 2017.12.31 | After 1 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 169,234 | |
Gross cumulative claim payments (B) | 133,254 | |
2017.1.1 ~ 2017.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,342,998 | 1,342,998 |
Gross cumulative claim payments (B) | 1,104,158 | 1,104,158 |
2017.1.1 ~ 2017.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,184,224 | 1,184,224 |
Gross cumulative claim payments (B) | 1,130,868 | 1,130,868 |
2017.1.1 ~ 2017.12.31 | After 2 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 201,406 | |
Gross cumulative claim payments (B) | 185,107 | |
2017.1.1 ~ 2017.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,348,828 | 1,348,828 |
Gross cumulative claim payments (B) | 1,306,235 | 1,306,235 |
2017.1.1 ~ 2017.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,614,904 | 1,614,903 |
Gross cumulative claim payments (B) | 1,599,227 | 1,599,227 |
2017.1.1 ~ 2017.12.31 | After 3 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 205,075 | |
Gross cumulative claim payments (B) | 194,511 | |
2017.1.1 ~ 2017.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,358,867 | 1,358,867 |
Gross cumulative claim payments (B) | 1,335,962 | 1,335,962 |
2017.1.1 ~ 2017.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,670,929 | 1,670,929 |
Gross cumulative claim payments (B) | 1,662,978 | 1,662,978 |
2017.1.1 ~ 2017.12.31 | After 4 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 206,856 | |
Gross cumulative claim payments (B) | 199,926 | |
2017.1.1 ~ 2017.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,368,016 | 1,368,016 |
Gross cumulative claim payments (B) | 1,350,174 | 1,350,174 |
2017.1.1 ~ 2017.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,689,768 | 1,689,768 |
Gross cumulative claim payments (B) | 1,683,997 | 1,683,997 |
2017.1.1 ~ 2017.12.31 | After 5 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 207,252 | |
Gross cumulative claim payments (B) | 202,548 | |
2017.1.1 ~ 2017.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,371,619 | 1,371,619 |
Gross cumulative claim payments (B) | 1,357,903 | 1,357,903 |
2017.1.1 ~ 2017.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,695,477 | 1,695,477 |
Gross cumulative claim payments (B) | 1,692,323 | 1,692,323 |
2017.1.1 ~ 2017.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,377,499 | 0 |
Gross cumulative claim payments (B) | 1,361,232 | 0 |
2017.1.1 ~ 2017.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,698,804 | 0 |
Gross cumulative claim payments (B) | 1,696,284 | 0 |
2017.1.1 ~ 2017.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2017.1.1 ~ 2017.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2018.1.1 ~ 2018.12.31 | After 1 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 200,968 | 200,968 |
Gross cumulative claim payments (B) | 153,770 | 153,770 |
2018.1.1 ~ 2018.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,468,784 | 1,468,784 |
Gross cumulative claim payments (B) | 1,224,820 | 1,224,820 |
2018.1.1 ~ 2018.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,372,706 | 1,372,706 |
Gross cumulative claim payments (B) | 1,319,613 | 1,319,613 |
2018.1.1 ~ 2018.12.31 | After 2 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 241,474 | 241,471 |
Gross cumulative claim payments (B) | 217,955 | 217,955 |
2018.1.1 ~ 2018.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,471,807 | 1,471,807 |
Gross cumulative claim payments (B) | 1,428,973 | 1,428,973 |
2018.1.1 ~ 2018.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,881,046 | 1,881,046 |
Gross cumulative claim payments (B) | 1,868,434 | 1,868,434 |
2018.1.1 ~ 2018.12.31 | After 3 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 246,871 | 246,499 |
Gross cumulative claim payments (B) | 235,900 | 235,900 |
2018.1.1 ~ 2018.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,481,509 | 1,481,509 |
Gross cumulative claim payments (B) | 1,456,532 | 1,456,532 |
2018.1.1 ~ 2018.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,941,497 | 1,941,497 |
Gross cumulative claim payments (B) | 1,933,543 | 1,933,543 |
2018.1.1 ~ 2018.12.31 | After 4 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 250,935 | 250,083 |
Gross cumulative claim payments (B) | 240,518 | 240,171 |
2018.1.1 ~ 2018.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,488,890 | 1,488,890 |
Gross cumulative claim payments (B) | 1,471,379 | 1,471,379 |
2018.1.1 ~ 2018.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,965,983 | 1,965,983 |
Gross cumulative claim payments (B) | 1,958,256 | 1,958,256 |
2018.1.1 ~ 2018.12.31 | After 5 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 251,815 | 0 |
Gross cumulative claim payments (B) | 245,732 | 0 |
2018.1.1 ~ 2018.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,498,384 | 0 |
Gross cumulative claim payments (B) | 1,476,781 | 0 |
2018.1.1 ~ 2018.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,972,727 | 0 |
Gross cumulative claim payments (B) | 1,967,097 | 0 |
2018.1.1 ~ 2018.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2018.1.1 ~ 2018.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2018.1.1 ~ 2018.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2018.1.1 ~ 2018.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2019.1.1 ~ 2019.12.31 | After 1 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 220,043 | 219,419 |
Gross cumulative claim payments (B) | 185,645 | 185,645 |
2019.1.1 ~ 2019.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,591,793 | 1,591,793 |
Gross cumulative claim payments (B) | 1,332,849 | 1,332,849 |
2019.1.1 ~ 2019.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,626,481 | 1,626,481 |
Gross cumulative claim payments (B) | 1,574,696 | 1,574,696 |
2019.1.1 ~ 2019.12.31 | After 2 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 266,489 | 263,105 |
Gross cumulative claim payments (B) | 247,945 | 246,397 |
2019.1.1 ~ 2019.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,620,609 | 1,620,609 |
Gross cumulative claim payments (B) | 1,570,194 | 1,570,194 |
2019.1.1 ~ 2019.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,229,830 | 2,229,830 |
Gross cumulative claim payments (B) | 2,211,717 | 2,211,717 |
2019.1.1 ~ 2019.12.31 | After 3 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 270,815 | 267,687 |
Gross cumulative claim payments (B) | 260,774 | 258,465 |
2019.1.1 ~ 2019.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,635,704 | 1,635,704 |
Gross cumulative claim payments (B) | 1,598,956 | 1,598,956 |
2019.1.1 ~ 2019.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,297,861 | 2,297,861 |
Gross cumulative claim payments (B) | 2,288,023 | 2,288,023 |
2019.1.1 ~ 2019.12.31 | After 4 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 271,047 | 0 |
Gross cumulative claim payments (B) | 264,952 | 0 |
2019.1.1 ~ 2019.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,649,928 | 0 |
Gross cumulative claim payments (B) | 1,614,015 | 0 |
2019.1.1 ~ 2019.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,324,246 | 0 |
Gross cumulative claim payments (B) | 2,316,190 | 0 |
2019.1.1 ~ 2019.12.31 | After 5 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2019.1.1 ~ 2019.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2019.1.1 ~ 2019.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2019.1.1 ~ 2019.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2019.1.1 ~ 2019.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2019.1.1 ~ 2019.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2019.1.1 ~ 2019.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 1 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 235,365 | 232,622 |
Gross cumulative claim payments (B) | 169,859 | 167,129 |
2020.1.1 ~ 2020.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,624,341 | 1,624,341 |
Gross cumulative claim payments (B) | 1,353,799 | 1,353,799 |
2020.1.1 ~ 2020.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,818,316 | 1,818,316 |
Gross cumulative claim payments (B) | 1,749,647 | 1,749,647 |
2020.1.1 ~ 2020.12.31 | After 2 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 274,260 | 273,531 |
Gross cumulative claim payments (B) | 246,805 | 244,074 |
2020.1.1 ~ 2020.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,632,626 | 1,632,626 |
Gross cumulative claim payments (B) | 1,570,730 | 1,570,730 |
2020.1.1 ~ 2020.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,442,633 | 2,442,633 |
Gross cumulative claim payments (B) | 2,426,351 | 2,426,351 |
2020.1.1 ~ 2020.12.31 | After 3 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 277,957 | 0 |
Gross cumulative claim payments (B) | 257,784 | 0 |
2020.1.1 ~ 2020.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,639,325 | 0 |
Gross cumulative claim payments (B) | 1,595,586 | 0 |
2020.1.1 ~ 2020.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,514,577 | 0 |
Gross cumulative claim payments (B) | 2,503,496 | 0 |
2020.1.1 ~ 2020.12.31 | After 4 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 5 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2020.1.1 ~ 2020.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 1 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 296,348 | 290,480 |
Gross cumulative claim payments (B) | 237,065 | 236,265 |
2021.1.1 ~ 2021.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,750,508 | 1,750,508 |
Gross cumulative claim payments (B) | 1,445,877 | 1,445,877 |
2021.1.1 ~ 2021.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,124,582 | 2,124,582 |
Gross cumulative claim payments (B) | 2,057,154 | 2,057,154 |
2021.1.1 ~ 2021.12.31 | After 2 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 347,715 | 0 |
Gross cumulative claim payments (B) | 317,089 | 0 |
2021.1.1 ~ 2021.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,757,801 | 0 |
Gross cumulative claim payments (B) | 1,684,092 | 0 |
2021.1.1 ~ 2021.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,841,110 | 0 |
Gross cumulative claim payments (B) | 2,818,484 | 0 |
2021.1.1 ~ 2021.12.31 | After 3 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 4 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 5 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | 0 |
2021.1.1 ~ 2021.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | 0 |
Gross cumulative claim payments (B) | 0 | ₩ 0 |
2022.1.1 ~ 2022.12.31 | After 1 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 336,344 | |
Gross cumulative claim payments (B) | 240,982 | |
2022.1.1 ~ 2022.12.31 | After 1 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 1,858,395 | |
Gross cumulative claim payments (B) | 1,516,007 | |
2022.1.1 ~ 2022.12.31 | After 1 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 2,277,455 | |
Gross cumulative claim payments (B) | 2,168,671 | |
2022.1.1 ~ 2022.12.31 | After 2 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 2 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 2 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 3 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 3 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 3 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 4 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 4 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 4 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 5 year | General Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 5 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 5 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 6 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 6 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 7 year | Automobile insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | 0 | |
2022.1.1 ~ 2022.12.31 | After 7 year | Long-term Insurance | ||
Short Duration Insurance Contracts Reconciliation Of Claims Development To Liability [Line Items] | ||
Estimate of gross ultimate claims (A) | 0 | |
Gross cumulative claim payments (B) | ₩ 0 |
Insurance Contracts - Summar_13
Insurance Contracts - Summary of Loss Development Tables for Non-Life Insurance (Parenthetical) (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) |
Disclosure of types of insurance contracts [line items] | ||||
Liabilities under insurance contracts and reinsurance contracts issued | ₩ 58,230,303 | $ 46,207,925 | ₩ 57,165,936 | ₩ 54,415,296 |
Long Term Investment Contract [Member] | ||||
Disclosure of types of insurance contracts [line items] | ||||
Liabilities under insurance contracts and reinsurance contracts issued | ₩ 9,934 | ₩ 31,081 | ₩ 106,853 |
Insurance Contracts - Summar_14
Insurance Contracts - Summary of Sensitivity to Insurance Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
KB Insurance Co., Ltd. | Non-life insurance | Lapse ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 495,870 | ₩ 337,969 |
KB Insurance Co., Ltd. | Non-life insurance | Loss ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 5,745,896 | ₩ 6,065,429 |
KB Insurance Co., Ltd. | Non-life insurance | Expense ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 413,073 | ₩ 503,132 |
KB Insurance Co., Ltd. | Non-life insurance | Discount rate | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 0.50% | 0.50% |
Effect on LAT | ₩ 1,084,314 | ₩ 1,985,421 |
KB Life Insurance Co., Ltd. | Life insurance | Lapse ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 121,800 | ₩ 82,811 |
KB Life Insurance Co., Ltd. | Life insurance | Claim ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 60,023 | ₩ 50,899 |
KB Life Insurance Co., Ltd. | Life insurance | Expense ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 49,380 | ₩ 53,511 |
KB Life Insurance Co., Ltd. | Life insurance | Discount rate | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 0.50% | 0.50% |
Effect on LAT | ₩ 417,625 | ₩ 482,638 |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Lapse ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 212,126 | ₩ 114,427 |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Claim ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 468,779 | ₩ 571,446 |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Expense ratio | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 10% | 10% |
Effect on LAT | ₩ 125,063 | ₩ 157,924 |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Discount rate | ||
Disclosure Of Sensitivity Analysis Of Non Life Insurance Risk [Line Items] | ||
Assumption change | 0.50% | 0.50% |
Effect on LAT | ₩ 1,106,606 | ₩ 1,563,571 |
Insurance Contracts - Summar_15
Insurance Contracts - Summary of Maturity Structure of Premium Reserve Related to Liquidity Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | ₩ 26,788,705 | ₩ 26,109,760 |
Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 787,840 | 655,198 |
Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 26,000,865 | 25,454,562 |
Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 22,873,404 | 22,145,242 |
Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 780,776 | 647,899 |
Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 22,092,628 | 21,497,343 |
Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 3,915,301 | 3,964,518 |
Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 7,064 | 7,299 |
Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 3,908,237 | 3,957,219 |
Up to 1 year | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 503,019 | 1,081,588 |
Up to 1 year | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 22,475 | 121,988 |
Up to 1 year | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 480,544 | 959,600 |
Up to 1 year | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 502,684 | 1,081,336 |
Up to 1 year | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 22,436 | 121,988 |
Up to 1 year | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 480,248 | 959,348 |
Up to 1 year | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 335 | 252 |
Up to 1 year | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 39 | 0 |
Up to 1 year | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 296 | 252 |
1~5 years | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 2,385,039 | 2,127,236 |
1~5 years | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 91,439 | 65,550 |
1~5 years | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 2,293,600 | 2,061,686 |
1~5 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 2,269,067 | 2,022,997 |
1~5 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 90,447 | 64,730 |
1~5 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 2,178,620 | 1,958,267 |
1~5 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 115,972 | 104,239 |
1~5 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 992 | 820 |
1~5 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 114,980 | 103,419 |
5~10 years | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 1,369,243 | 2,024,260 |
5~10 years | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 28,169 | 80,014 |
5~10 years | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 1,341,074 | 1,944,246 |
5~10 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 950,488 | 1,614,570 |
5~10 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 26,234 | 77,880 |
5~10 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 924,254 | 1,536,690 |
5~10 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 418,755 | 409,690 |
5~10 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 1,935 | 2,134 |
5~10 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 416,820 | 407,556 |
10~20 years | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 2,387,206 | 2,307,497 |
10~20 years | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 69,421 | 62,855 |
10~20 years | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 2,317,785 | 2,244,642 |
10~20 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 1,057,595 | 978,768 |
10~20 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 65,721 | 59,042 |
10~20 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 991,874 | 919,726 |
10~20 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 1,329,611 | 1,328,729 |
10~20 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 3,700 | 3,813 |
10~20 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 1,325,911 | 1,324,916 |
Over 20 years | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 20,144,198 | 18,569,179 |
Over 20 years | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 576,336 | 324,791 |
Over 20 years | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 19,567,862 | 18,244,388 |
Over 20 years | Long-term insurance non-participating | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 18,093,570 | 16,447,571 |
Over 20 years | Long-term insurance non-participating | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 575,938 | 324,259 |
Over 20 years | Long-term insurance non-participating | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 17,517,632 | 16,123,312 |
Over 20 years | Annuity | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 2,050,628 | 2,121,608 |
Over 20 years | Annuity | Fixed interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | 398 | 532 |
Over 20 years | Annuity | Variable interest type | |||
Disclosure Of Non Life Insurance Premium Reserves Based On Each Residual Maturity [Line Items] | |||
Premuim Reserve | [1] | ₩ 2,050,230 | ₩ 2,121,076 |
[1]Includes long-term investment contracts liabilities classified as investment contracts amounting to ₩31,081 million and ₩9,934 million, as of December 31, 2021 and 2022, respectively. |
Insurance Contracts - Summar_16
Insurance Contracts - Summary of Credit Risk of Insurance Contracts (Details) - Non-life insurance contracts [member] - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Ceded Credit Risk [Line Items] | |||
Reinsurance assets | [1] | ₩ 1,332,088 | ₩ 1,342,615 |
Receivables from reinsurers | [2] | 396,292 | 377,619 |
Total | ₩ 1,728,380 | ₩ 1,720,234 | |
KOREAN RE | AA | |||
Ceded Credit Risk [Line Items] | |||
Ratio | 29.82% | ||
MUNICH RE | AAA | |||
Ceded Credit Risk [Line Items] | |||
Ratio | 8.53% | ||
HISCOX | AA+ | |||
Ceded Credit Risk [Line Items] | |||
Ratio | 5.44% | ||
[1]Net carrying amount after impairment losses[2]Net carrying amount after allowances for credit losses |
Insurance Contracts - Summar_17
Insurance Contracts - Summary of Exposure to Interest Rate Risk of Insurance Contract (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Due from financial institutions measured at amortized cost and cash equivalents | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | ₩ 113,043 | ₩ 81,806 |
Fixed interest rate type | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | 520,250 | 489,399 |
Financial assets | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | 25,069,572 | 23,382,338 |
Financial liabilities | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | 25,322,312 | 24,736,159 |
Variable interest rate type | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | 24,802,062 | 24,246,760 |
Financial assets at fair value through profit or loss | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | 5,076,615 | 3,863,978 |
Financial assets at fair value through other comprehensive income | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | 5,000,002 | 4,488,443 |
Securities measured at amortized cost | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | 8,373,125 | 8,514,272 |
Loans measured at amortized cost | ||
Disclosure Of Interest Risk Of Non Life Insurance Contract [Line Items] | ||
Exposure To Interest Rate Risk | ₩ 6,506,787 | ₩ 6,433,839 |
Insurance Contracts - Summar_18
Insurance Contracts - Summary of Maximum Exposures to Insurance Price Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
KB Life Insurance Co., Ltd. | Death | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | ₩ 16,025 | ₩ 14,977 |
After reinsurance mitigation | 4,462 | 11,976 |
KB Life Insurance Co., Ltd. | Life insurance | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 25,771 | 23,941 |
After reinsurance mitigation | ₩ 12,167 | ₩ 14,690 |
Average Ratios Of Insurance Claims Paid Per Risk Premium Received OnThe Basis Of Exposure Before Mitigation | 63.10% | 63% |
KB Life Insurance Co., Ltd. | Disability | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | ₩ 526 | ₩ 586 |
After reinsurance mitigation | 412 | 296 |
KB Life Insurance Co., Ltd. | Hospitalization | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 1,040 | 1,124 |
After reinsurance mitigation | 399 | 730 |
KB Life Insurance Co., Ltd. | Operation and diagnosis | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 5,927 | 5,088 |
After reinsurance mitigation | 4,929 | 1,110 |
KB Life Insurance Co., Ltd. | Actual medical expense | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 1,310 | 1,194 |
After reinsurance mitigation | 1,200 | 262 |
KB Life Insurance Co., Ltd. | Others | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 943 | 972 |
After reinsurance mitigation | 765 | 316 |
Prudential Life Insurance Company of Korea Ltd. | Death | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 273,801 | 253,325 |
After reinsurance mitigation | 270,623 | 250,045 |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 404,025 | 379,279 |
After reinsurance mitigation | 399,150 | 374,319 |
Prudential Life Insurance Company of Korea Ltd. | Disability | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 10,220 | 10,331 |
After reinsurance mitigation | 10,199 | 10,230 |
Prudential Life Insurance Company of Korea Ltd. | Hospitalization | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 35,067 | 34,194 |
After reinsurance mitigation | 35,067 | 34,194 |
Prudential Life Insurance Company of Korea Ltd. | Operation and diagnosis | ||
Details Of Maximum Exposureof Insurance Price Risk Line Items [Line Items] | ||
Before reinsurance mitigation | 84,937 | 81,429 |
After reinsurance mitigation | ₩ 83,261 | ₩ 79,850 |
Insurance Contracts - Summar_19
Insurance Contracts - Summary of Exposure of Market Risk Arising from Embedded Derivatives Included in Host Insurance Contracts (Details) - KB Life Insurance Co., Ltd. - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Variable Annuity | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | ₩ 626,542 | ₩ 611,283 |
Guarantee reserve | 3,532 | 3,014 | |
Universal Life [Member] | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 66,057 | 78,689 |
Guarantee reserve | 2,627 | 2,768 | |
Variable saving | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 519,893 | 556,196 |
Guarantee reserve | 365 | 393 | |
Total [Member] | |||
Details Of Exposure Of Market Risk Arising From Embeded Derivatives Included In Host Insurance Contracts Line Items [Line Items] | |||
Policyholders' reserve | [1] | 1,212,492 | 1,246,168 |
Guarantee reserve | ₩ 6,524 | ₩ 6,175 | |
[1]Excludes the amount of the lapsed insurance reserve. |
Insurance Contracts - Summar_20
Insurance Contracts - Summary of ceded reinsurance Permiums by credit rating of reinsurer (Detail) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of ceded reinsurance premiums by credit rating of reinsurer[Line Item ] | ||
Ceded reinsurance Premium | ₩ 4,535 | ₩ 5,223 |
Percentage of ceded reinsurance premiums | 100% | 100% |
AA or higher Member | ||
Disclosure of ceded reinsurance premiums by credit rating of reinsurer[Line Item ] | ||
Ceded reinsurance Premium | ₩ 4,535 | ₩ 5,223 |
Percentage of ceded reinsurance premiums | 100% | 100% |
A A [Member] | ||
Disclosure of ceded reinsurance premiums by credit rating of reinsurer[Line Item ] | ||
Ceded reinsurance Premium | ₩ 0 | ₩ 0 |
Percentage of ceded reinsurance premiums | 0% | 0% |
BBB or lower [Member] | ||
Disclosure of ceded reinsurance premiums by credit rating of reinsurer[Line Item ] | ||
Ceded reinsurance Premium | ₩ 0 | ₩ 0 |
Percentage of ceded reinsurance premiums | 0% | 0% |
others Member | ||
Disclosure of ceded reinsurance premiums by credit rating of reinsurer[Line Item ] | ||
Ceded reinsurance Premium | ₩ 0 | ₩ 0 |
Percentage of ceded reinsurance premiums | 0% | 0% |
Insurance Contracts - Summar_21
Insurance Contracts - Summary of Maturity Structure of Premium Reserve (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | |
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | [1] | ₩ 26,788,705 | ₩ 26,109,760 |
Unearned premium reserve | 2,045,777 | 1,919,307 | |
5-10 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | [1] | 1,369,243 | 2,024,260 |
Over 20 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | [1] | 20,144,198 | 18,569,179 |
Life insurance | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Unearned premium reserve | 7,112 | 9,358 | |
KB Life Insurance Co., Ltd. | Life insurance | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 7,434,314 | 7,850,400 | |
Unearned premium reserve | 4,240 | 5,943 | |
KB Life Insurance Co., Ltd. | Life insurance | Up to 3 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 411,197 | 651,638 | |
Unearned premium reserve | 168 | 156 | |
KB Life Insurance Co., Ltd. | Life insurance | 3-5 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 243,863 | 285,623 | |
Unearned premium reserve | 1 | 0 | |
KB Life Insurance Co., Ltd. | Life insurance | 5-10 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 749,678 | 578,102 | |
Unearned premium reserve | 21 | 24 | |
KB Life Insurance Co., Ltd. | Life insurance | 10-15 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 336,597 | 386,515 | |
Unearned premium reserve | 0 | 0 | |
KB Life Insurance Co., Ltd. | Life insurance | 15-20 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 492,547 | 545,270 | |
Unearned premium reserve | 2 | 0 | |
KB Life Insurance Co., Ltd. | Life insurance | Over 20 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 5,200,432 | 5,403,252 | |
Unearned premium reserve | 4,048 | 5,763 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 15,067,313 | 14,122,125 | |
Unearned premium reserve | 3,822 | 4,304 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Up to 3 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 42,775 | 39,578 | |
Unearned premium reserve | 30 | 31 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | 3-5 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 40,755 | 40,894 | |
Unearned premium reserve | 13 | 15 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | 5-10 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 168,133 | 154,062 | |
Unearned premium reserve | 46 | 50 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | 10-15 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 265,998 | 237,021 | |
Unearned premium reserve | 41 | 51 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | 15-20 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 639,920 | 528,373 | |
Unearned premium reserve | 56 | 65 | |
Prudential Life Insurance Company of Korea Ltd. | Life insurance | Over 20 years | |||
Description Of Life Insurance Premium Reserves And Unearned Premium Reserves Classified Based On Each Residual Maturity [Line Items] | |||
Premium reserve | 13,909,732 | 13,122,197 | |
Unearned premium reserve | ₩ 3,636 | ₩ 4,092 | |
[1]Includes long-term investment contracts liabilities classified as investment contracts amounting to ₩31,081 million and ₩9,934 million, as of December 31, 2021 and 2022, respectively. |
Insurance Contracts - Summar_22
Insurance Contracts - Summary of Financial Assets Subject to the Overlay Approach (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets to which overlay approach is applied [line items] | ||
Financial assets to which overlay approach is applied | ₩ 8,936,098 | ₩ 8,343,604 |
Due from financial institutions | ||
Disclosure of financial assets to which overlay approach is applied [line items] | ||
Financial assets to which overlay approach is applied | 69,469 | 80,179 |
Debt securities | ||
Disclosure of financial assets to which overlay approach is applied [line items] | ||
Financial assets to which overlay approach is applied | 8,806,018 | 8,023,999 |
Equity securities | ||
Disclosure of financial assets to which overlay approach is applied [line items] | ||
Financial assets to which overlay approach is applied | ₩ 60,611 | ₩ 239,426 |
Insurance Contracts - Summar_23
Insurance Contracts - Summary of Changes of Net Gains (Losses) on Overlay Adjustment (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Changes Of Net Losses On Overlay Adjustment [Abstract] | ||
Beginning | ₩ 459,484 | ₩ 339,202 |
Recognition of other comprehensive income due to acquisition and valuation | (381,037) | 185,906 |
Reclassification to profit or loss due to disposal | (59,092) | (65,624) |
Ending | ₩ 19,355 | ₩ 459,484 |
Statement of Cash Flows - Summa
Statement of Cash Flows - Summary of Cash and Cash Equivalents (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 KRW (₩) | Dec. 31, 2019 KRW (₩) | |
Cash and cash equivalents if different from statement of financial position [abstract] | |||||||
Cash | ₩ 2,439,490 | ₩ 2,496,941 | |||||
Checks issued by other banks | 123,163 | 150,047 | |||||
Due from the Bank of Korea | 17,520,636 | 17,579,643 | |||||
Due from other financial institutions | 11,980,132 | 10,782,743 | |||||
Sub-total | 32,063,421 | 31,009,374 | |||||
Due from financial institutions measured at fair value through profit or loss | 69,469 | 200,743 | |||||
Sub-total | 32,132,890 | 31,210,117 | |||||
Restricted due from financial institutions | [1] | (4,809,759) | (4,589,893) | ||||
Due from financial institutions with original maturities over three months | (1,160,607) | (1,346,951) | |||||
Sub-total | (5,970,366) | (5,936,844) | |||||
Total | ₩ 26,162,524 | $ 20,760,942 | ₩ 25,273,273 | $ 20,055,288 | ₩ 20,091,735 | ₩ 14,490,506 | |
[1]Items meeting the definition of cash are excluded in accordance with IAS No.7 Statement of Cash Flows. Detailed information on the effects of this change in accounting policy is described in Note 2.1 Application of IFRS. |
Statement of Cash Flows - Discl
Statement of Cash Flows - Disclosure Of Detailed Information About Due From Financial Institutions Explanatory (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Detailed Information About Due From Financial Institutions [Line Items] | ||
Due from financial institutions | ₩ 16,164,813 | ₩ 16,427,908 |
The Bank of Korea | Due from financial institutions in Korean won | ||
Disclosure Of Detailed Information About Due From Financial Institutions [Line Items] | ||
Due from financial institutions | 15,117,033 | 15,169,703 |
Korea Development Bank and Others | ||
Disclosure Of Detailed Information About Due From Financial Institutions [Line Items] | ||
Due from financial institutions | 37,914 | 39,358 |
Bank Indonesia and Others | Due from financial institutions in foreign currencies | ||
Disclosure Of Detailed Information About Due From Financial Institutions [Line Items] | ||
Due from financial institutions | ₩ 1,009,866 | ₩ 1,218,847 |
Statement of Cash Flows - Sum_2
Statement of Cash Flows - Summary of Significant Noncash Transactions (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Significant Non Cash Transactions Abstract [Abstract] | |||
Write-offs of loans | ₩ 1,486,357 | ₩ 1,086,296 | ₩ 1,283,071 |
Changes in financial investments due to debt-for-equity swap | 0 | 327 | 13,820 |
Changes in accumulated other comprehensive income from valuation of financial instruments at fair value through other comprehensive income | (2,522,854) | 507,175 | 496,159 |
Changes in accumulated other comprehensive income from valuation of investments in associates | (64) | 165 | (6,978) |
Reclassification to assets of a disposal group held for sale | ₩ 0 | ₩ 171,749 | ₩ 0 |
Statement of Cash Flows - Sum_3
Statement of Cash Flows - Summary of Cash Inflows And Outflows From Income Tax Interests And Dividends (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Inflows And Outflows From Income Tax Interests And Dividends Abstract [Abstract] | |||
Income tax paid | ₩ 1,524,025 | ₩ 1,586,750 | ₩ 1,119,252 |
Interest received | 20,509,411 | 15,152,796 | 14,986,532 |
Interest paid | 6,356,211 | 4,062,469 | 5,266,158 |
Dividends received | 388,030 | 290,089 | 187,699 |
Dividends paid | ₩ 1,564,153 | ₩ 1,053,416 | ₩ 883,952 |
Statement of Cash Flows - Chang
Statement of Cash Flows - Changes In Liabilities Arising From Financing Activities (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||||
Beginning | ₩ 133,170,320 | ₩ 121,950,460 | |||
Changes in liabilities arising from financing activities [abstract] | |||||
Net cash flows | 15,286,366 | 10,732,581 | |||
Non-cash changes | |||||
Acquisition(Disposal) | 154,004 | 166,336 | |||
Exchange differences | 1,049,603 | 877,384 | |||
Changes in fair value | (288,738) | (185,665) | |||
Subsidiaries | 82,020 | (327,518) | |||
Others | (263,554) | (43,258) | |||
Ending | 149,190,021 | 133,170,320 | ₩ 121,950,460 | ||
Net cash flows from changes in ownership of subsidiaries | 932,428 | $ 739,917 | 374,992 | (1,951,245) | |
Derivatives held for hedging | |||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||||
Beginning | [1] | (25,283) | (57,196) | ||
Changes in liabilities arising from financing activities [abstract] | |||||
Net cash flows | [1] | 33,402 | 5,870 | ||
Non-cash changes | |||||
Acquisition(Disposal) | [1] | 0 | 0 | ||
Exchange differences | [1] | 153,646 | 246,352 | ||
Changes in fair value | [1] | 8,730 | (70,225) | ||
Subsidiaries | [1] | 0 | 0 | ||
Others | [1] | (180,415) | (150,084) | ||
Ending | [1] | (9,920) | (25,283) | (57,196) | |
Borrowings and Debentures | |||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||||
Beginning | 124,342,562 | 112,587,843 | |||
Changes in liabilities arising from financing activities [abstract] | |||||
Net cash flows | 15,645,750 | 11,579,036 | |||
Non-cash changes | |||||
Acquisition(Disposal) | 0 | 0 | |||
Exchange differences | 895,758 | 630,913 | |||
Changes in fair value | (297,468) | (115,440) | |||
Subsidiaries | 81,268 | (329,512) | |||
Others | (252,302) | (10,278) | |||
Ending | 140,415,568 | 124,342,562 | 112,587,843 | ||
Due to trust accounts | |||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||||
Beginning | 7,033,849 | 7,542,955 | |||
Changes in liabilities arising from financing activities [abstract] | |||||
Net cash flows | (1,225,402) | (509,106) | |||
Non-cash changes | |||||
Acquisition(Disposal) | 0 | 0 | |||
Exchange differences | 0 | 0 | |||
Changes in fair value | 0 | 0 | |||
Subsidiaries | 0 | 0 | |||
Others | 0 | 0 | |||
Ending | 5,808,447 | 7,033,849 | 7,542,955 | ||
Changes in non-controlling interests | |||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||||
Beginning | 833,338 | 857,783 | |||
Changes in liabilities arising from financing activities [abstract] | |||||
Net cash flows | 395,713 | (24,145) | |||
Non-cash changes | |||||
Acquisition(Disposal) | 0 | 0 | |||
Exchange differences | 0 | 0 | |||
Changes in fair value | 0 | 0 | |||
Subsidiaries | 752 | 1,994 | |||
Others | 50,300 | (2,294) | |||
Ending | 1,280,103 | 833,338 | 857,783 | ||
Others | |||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | |||||
Beginning | 985,854 | 1,019,075 | |||
Changes in liabilities arising from financing activities [abstract] | |||||
Net cash flows | 436,903 | (319,074) | |||
Non-cash changes | |||||
Acquisition(Disposal) | 154,004 | 166,336 | |||
Exchange differences | 199 | 119 | |||
Changes in fair value | 0 | 0 | |||
Subsidiaries | 0 | 0 | |||
Others | 118,863 | 119,398 | |||
Ending | ₩ 1,695,823 | ₩ 985,854 | ₩ 1,019,075 | ||
[1]Derivatives held for hedging purposes are the net amount after offsetting liabilities and assets. |
Contingent Liabilities and Co_3
Contingent Liabilities and Commitments - Summary of Details Payment Guarantees (Details) ₩ in Millions | 12 Months Ended | ||
Feb. 07, 2023 KRW (₩) | Dec. 31, 2022 KRW (₩) | Dec. 31, 2021 KRW (₩) | |
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | ₩ 13,216,052 | ₩ 10,866,955 | |
Contingent Liability For Commitments | 195,675,083 | 176,443,341 | |
Loss Contingency Accrual Payment Amount | ₩ 29,800 | ||
Confirmed acceptances and guarantees in Korean won | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 1,086,208 | 954,384 | |
Corporate loan commitments | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | 51,743,718 | 45,767,502 | |
Acceptances and guarantees for issuance of debenture | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 5,040 | 5,040 | |
Guarantees of letter of credit | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 3,042,911 | 3,551,767 | |
Law Suits As Plaintiff In The Normal Course Of The Business | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent assets | ₩ 1,442,572 | ||
Loss Contingency Pending Claims Number | 292 | ||
Credit line | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | ₩ 7,135,542 | 5,729,798 | |
Acceptances and guarantees for KB purchasing loan | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 167,538 | 136,914 | |
Confirmed acceptances and guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 8,644,782 | 6,481,423 | |
Acceptances of letter of credit | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 502,217 | 523,037 | |
Retail loan commitments | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | 51,241,471 | 47,080,416 | |
Purchase of securities | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | 371,201 | 495,400 | |
Financial Guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | 7,506,743 | 6,225,198 | |
Others | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 918,670 | 817,470 | |
Refund guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 1,528,359 | 833,765 | |
Confirmed acceptances and guarantees in foreign currencies | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 6,768,275 | 4,859,773 | |
Unconfirmed acceptances and guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 4,571,270 | 4,385,532 | |
Law Suits As Defendant In The Normal Course Of The Business | |||
Disclosure of contingent liabilities [line items] | |||
Loss Contingency Damages Sought Value | 977,848 | ||
Acceptances and guarantees for mortgage | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 94,861 | 51,053 | |
Letter of guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 78,414 | 83,089 | |
Credit line on credit cards | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | 77,825,953 | 70,534,719 | |
Law Suits Cyber Incident | |||
Disclosure of contingent liabilities [line items] | |||
Loss Contingency Damages Sought Value | 51 | 108 | |
Financail guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 790,299 | 667,266 | |
Overseas debt guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 509,157 | 428,109 | |
Bid bond | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | ₩ 19,998 | 18,874 | |
Restriction period for the disposal of KB KOLAO LEASING Co., LTD equity | |||
Disclosure of contingent liabilities [line items] | |||
Explanation of possibility of reimbursement, contingent liabilities | In June 2013, KB Kookmin Card Co., Ltd. had an accident in which cardholders’ personal information was stolen (hereinafter referred to as “accident”) due to illegal activities by employees of personal credit information company in charge of development of the system upgrading to prevent fraudulent use of credit card. As a result, KB Kookmin Card Co., Ltd. was notified by the Financial Services Commission of the suspension of some new business for 3 months as of February 16, 2014. In respect of the accident, the Group faces 1 and 2 legal claims filed as a defendant, with an aggregate claim amount of ₩108 million and ₩51 million as of December 31, 2021 and December 31, 2022, respectively. The Group takes out the personal information protection liability insurance as of December 31, 2022. | ||
Purchase of other securities | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | ₩ 7,357,198 | 6,835,506 | |
International financing guarantees in foreign currencies | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 181,241 | 132,114 | |
Performance bond | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 976,008 | 855,247 | |
Others | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | 0 | 50,950 | |
Law Suits as invest in rental apartment of disables in Australia | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | ₩ 326,500 | ||
Explanation of possibility of reimbursement, contingent liabilities | KB Securities Co., Ltd., as an investment broker, managed the sale of private equity funds and trusts amounting to ₩326,500 million, which lends to corporations (borrowers) that invest in apartment rental businesses for the disabled in Australia, to individuals and institutional investors. However, management of the fund has been suspended due to the breach of contract by local borrowers in Australia; therefore there is a possibility of losses of principal to these funds subscribers. In this regard, there are three lawsuits in which the Group is a defendant as of December 31, 2022. One of the cases was ruled, on February 7, 2023, ordering the payment of ₩29.8 billion in principal and delayed interest on it; however, the judgment may be changed at the higher court. And the other two cases are still in the first trial. KB Securities Co., Ltd. determined the results of the first trial on February 7, 2023 as an event after the reporting period requiring adjustment, and additionally reflected to the litigation provision in the financial statements as of December 31, 2022. Meanwhile, KB Securities Co., Ltd. filed a requisite for reimbursement lawsuit against JB Asset Management, a fund management company, in this regard, and is currently in the first trial. | ||
Refund guarantees | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | ₩ 1,705,796 | 874,173 | |
Others | |||
Disclosure of contingent liabilities [line items] | |||
Estimated financial effect of contingent liabilities | ₩ 3,485,842 | 2,505,353 | |
Contract related to Lime Asset Management | |||
Disclosure of contingent liabilities [line items] | |||
Explanation of possibility of reimbursement, contingent liabilities | In relation to Lime Asset Management, KB Securities Co., Ltd. has a PIS (Portfolio Index Swap) contract, as of December 31, 2022, associated with ‘Lime Thetis Qualified Investor Private Investment Trust No.2’ and ‘Lime Pluto FI Qualified Investor Private Investment Trust No.D-1’ whose redemption were suspended during the fourth quarter of 2019. The notional amount of the underlying assets of the PIS contract is ₩163,100 million. Meanwhile, the Group sold ₩68,100 million of feeder funds of aforementioned redemption-suspended funds. On October 20, 2020, Lime Asset Management’s license as a fund manager was revoked by the Financial Supervisory Service’s sanctions review committee, and most of its redemption-suspended funds and normal funds have been transferred to Wellbridge Asset Management (the bridge management company) to continue to collect and distribute investments. It is difficult to predict whether and when the aforementioned redemption-suspended funds will be redeemed. In this regard, KB Securities Co., Ltd. faces four claims filed as a defendant as of December 31, 2022. The Group has accounted for the estimated loss due to the possibility of additional lawsuits in the future as a provision for litigations. | ||
Notional amount | ₩ 163,100 | ||
Proceeds from sale of feeder funds | 68,100 | ||
Commitments | |||
Disclosure of contingent liabilities [line items] | |||
Contingent Liability For Commitments | ₩ 188,168,340 | ₩ 170,218,143 |
Contingent Liabilities and Co_4
Contingent Liabilities and Commitments - Summary of Payment Guarantees are Exposed to Credit Risk (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
The financial instruments applying 12-month expected credit losses | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | ₩ 12,658,901 | ₩ 10,346,678 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 8,379,718 | 6,240,874 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 5,939,025 | 4,532,747 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,882,080 | 1,594,714 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 494,924 | 105,691 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 63,689 | 7,722 |
The financial instruments applying 12-month expected credit losses | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,279,183 | 4,105,804 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,232,325 | 3,083,636 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,040,908 | 998,204 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,685 | 12,039 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,265 | 11,925 |
The financial instruments applying 12-month expected credit losses | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Non-impaired | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 537,692 | 503,482 |
Non-impaired | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 249,775 | 230,138 |
Non-impaired | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,140 | 838 |
Non-impaired | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 10,474 | 32,567 |
Non-impaired | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 18,649 | 46,174 |
Non-impaired | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 215,382 | 149,785 |
Non-impaired | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,130 | 774 |
Non-impaired | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 287,917 | 273,344 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 844 | 3,391 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 36,879 | 39,224 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 13,308 | 34,797 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 236,687 | 195,794 |
Non-impaired | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 199 | 138 |
The financial instruments applying lifetime expected credit losses | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 13,216,052 | 10,866,955 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 8,644,782 | 6,481,423 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 5,940,165 | 4,533,585 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,892,554 | 1,627,281 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 513,573 | 151,865 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 279,513 | 157,721 |
The financial instruments applying lifetime expected credit losses | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 18,977 | 10,971 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,571,270 | 4,385,532 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 3,233,169 | 3,087,027 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 1,077,787 | 1,037,428 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 17,993 | 46,836 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 237,957 | 207,719 |
The financial instruments applying lifetime expected credit losses | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,364 | 6,522 |
Impaired | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 19,459 | 16,795 |
Impaired | Confirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 15,289 | 10,411 |
Impaired | Confirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Impaired | Confirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Impaired | Confirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Impaired | Confirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 442 | 214 |
Impaired | Confirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 14,847 | 10,197 |
Impaired | Unconfirmed acceptances and guarantees | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 4,170 | 6,384 |
Impaired | Unconfirmed acceptances and guarantees | Grade 1 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 2 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 3 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 0 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 4 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | 5 | 0 |
Impaired | Unconfirmed acceptances and guarantees | Grade 5 | ||
Disclosure of internal credit grades [line items] | ||
Credit exposure | ₩ 4,165 | ₩ 6,384 |
Contingent Liabilities and Co_5
Contingent Liabilities and Commitments - Summary of Acceptances and Guarantees by Counterparty (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 8,644,782 | ₩ 6,481,423 |
Unconfirmed guarantees | 4,571,270 | 4,385,532 |
Total | ₩ 13,216,052 | ₩ 10,866,955 |
Proportion (%) | 100% | 100% |
Large companies | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 7,530,546 | ₩ 5,431,921 |
Unconfirmed guarantees | 3,810,565 | 3,377,150 |
Total | ₩ 11,341,111 | ₩ 8,809,071 |
Proportion (%) | 85.81% | 81.06% |
Small and medium-sized companies | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 718,722 | ₩ 820,327 |
Unconfirmed guarantees | 496,709 | 657,073 |
Total | ₩ 1,215,431 | ₩ 1,477,400 |
Proportion (%) | 9.20% | 13.60% |
Public sector and others | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 395,514 | ₩ 229,175 |
Unconfirmed guarantees | 263,996 | 351,309 |
Total | ₩ 659,510 | ₩ 580,484 |
Proportion (%) | 4.99% | 5.34% |
Contingent Liabilities and Co_6
Contingent Liabilities and Commitments - Summary of Acceptances and Guarantees by Industry (Details) - KRW (₩) ₩ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 8,644,782 | ₩ 6,481,423 |
Unconfirmed guarantees | 4,571,270 | 4,385,532 |
Total | ₩ 13,216,052 | ₩ 10,866,955 |
Proportion (%) | 100% | 100% |
Financial institutions | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 462,657 | ₩ 385,761 |
Unconfirmed guarantees | 2,012 | 10,114 |
Total | ₩ 464,669 | ₩ 395,875 |
Proportion (%) | 3.52% | 3.64% |
Manufacturing | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 3,851,832 | ₩ 2,742,224 |
Unconfirmed guarantees | 3,589,948 | 2,979,232 |
Total | ₩ 7,441,780 | ₩ 5,721,456 |
Proportion (%) | 56.31% | 52.65% |
Service | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 751,846 | ₩ 676,440 |
Unconfirmed guarantees | 31,465 | 38,920 |
Total | ₩ 783,311 | ₩ 715,360 |
Proportion (%) | 5.93% | 6.58% |
Wholesale & Retail | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 2,181,469 | ₩ 1,603,085 |
Unconfirmed guarantees | 658,875 | 999,416 |
Total | ₩ 2,840,344 | ₩ 2,602,501 |
Proportion (%) | 21.49% | 23.95% |
Construction | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 420,937 | ₩ 317,946 |
Unconfirmed guarantees | 47,465 | 38,260 |
Total | ₩ 468,402 | ₩ 356,206 |
Proportion (%) | 3.54% | 3.28% |
Public sector | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 32,635 | ₩ 28,257 |
Unconfirmed guarantees | 81,607 | 99,841 |
Total | ₩ 114,242 | ₩ 128,098 |
Proportion (%) | 0.86% | 1.18% |
Others | ||
Acceptances And Guarantees By Counterparty Line Items [Line Items] | ||
Confirmed guarantees | ₩ 943,406 | ₩ 727,710 |
Unconfirmed guarantees | 159,898 | 219,749 |
Total | ₩ 1,103,304 | ₩ 947,459 |
Proportion (%) | 8.35% | 8.72% |
Contingent Liabilities and Co_7
Contingent Liabilities and Commitments - Summary of Other Matters (Including Litigation) (Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2022 KRW (₩) | |
Kookmin Bank | Request for a return of redemption amount | |
Disclosure Of Contingent Liabilities | |
Description of the lawsuits | Kookmin Bank invested the assets entrusted by OO Asset Management and OO Investment Trust Management in the Fairfield Sentry Limited, and Fairfield Sentry Limited reinvested the assets in Bernard L. Madoff Investment Securities LLC managed by Bernard Madoff (Bernard L. Madoff Investment Securities LLC is in the liquidation process due to Ponzi scheme fraud-related losses).Bankruptcy trustee of Bernard L. Madoff Investment Securities LLC filed a lawsuit against Kookmin Bank seeking to return the amount of redemptions received by Kookmin Bank through Fairfield Sentry Limited. |
Status of the lawsuits | Application for dismissal by the defendant has been denied, and further proceedings are scheduled. [Related litigation is in progress at the New York Southern District Federal Bankruptcy Court (10-3777) at the written complaint review stage] |
Loss Contingency Pending Claims Number | 1 |
Loss Contingency Damages Sought Value | ₩ 53,239 |
Kookmin Bank | Confirm The Absence Of Debt | |
Disclosure Of Contingent Liabilities | |
Description of the lawsuits | Galamat-Art LLP is a joint guarantor of the PF loan for the ‘Kazakhstan Almaty City Complex Development Project’ in which Kookmin Bank Co., Ltd. participated as a lender. OO Bank, the agent bank of the lending group, filed a provisional seizure and a lawsuit on the merits of the guarantee debt to the local court against Galamat-Art LLP. And Galamat-Art LLP filed a counterclaim against the lenders, including Kookmin Bank, to confirm the absence of debt denying the joint guarantee obligation. |
Status of the lawsuits | Kookmin Bank won the case in the first and second trials, but the second trial is scheduled to be re-run as the registered shareholders of the Plaintiff filed an objection. |
Loss Contingency Pending Claims Number | 1 |
Loss Contingency Damages Sought Value | ₩ 96,200 |
Kookmin Bank | Expropriation of longterm leasehold rights [Member] | |
Disclosure Of Contingent Liabilities | |
Description of the lawsuits | Kookmin Bank invested assets entrusted by DAOL Asset Management Co., Ltd. in loans that are directly or indirectly collateralized by the building and land leasehold rights (hereinafter referred to as “the real estate in this case”) of Union Station in Washington, D.C., the United States. The Plaintiff, who is the operator of the railway facility, filed this lawsuit against those concerned with the real estate in this case, including Kookmin Bank, to expropriate the real estate in this case and determine indemnity. |
Status of the lawsuits | Kookmin Bank submitted the response letter and will proceed with the process in the future. |
Loss Contingency Pending Claims Number | 1 |
Loss Contingency Damages Sought Value | ₩ 316,825 |
KB Securities Co., Ltd. | Request for a return of transaction amount (Australian fund) | |
Disclosure Of Contingent Liabilities | |
Description of the lawsuits | The plaintiffs OOOO Securities and OOOO Life Insurance filed lawsuits, claiming that the KB Securities Co., Ltd. provided false information on major matters in the product description while selling JB Australia NDIS Private Fund No.1 (on April 25, 2019, plaintiffs invested ₩50 billion each) (a) (Primary claim) requesting KB Securities Co., Ltd. to return unjust enrichment of ₩100 billion for cancelation of sales contracts of beneficiary certificates due to an error or termination of the contract due to default, (b) (Secondary claim) requesting for compensation for damages in investments amounting to ₩100 billion due to violation of the investor protection obligation and fraudulent transactions of KB Securities Co., Ltd. and OOO Asset Management. The Plaintiff’s complaint price was changed to ₩37.47 billion due to the Plaintiff’s request to change the purpose and cause of the claim on October 11, 2022. |
Status of the lawsuits | First trial is in progress (the pleading resumption has been decided on February 6, 2023, and the 9th pleading is scheduled on April 11, 2023.). |
Loss Contingency Pending Claims Number | 1 |
Loss Contingency Damages Sought Value | ₩ 37,468 |
Subsidiaries - Summary of Detai
Subsidiaries - Summary of Details Of Subsidiaries (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Kookmin Bank | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | Kookmin Bank |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2021 |
Industry | Banking and foreign exchange transaction |
KB Securities Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Securities Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Financial investment |
KB Insurance Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Insurance Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Non-life insurance |
KB Kookmin Card Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Kookmin Card Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Credit card and installment financing |
KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Life insurance |
KB Asset Management Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Asset Management Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Collective investment and advisory |
KB Capital Co.,Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Capital Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Financial Leasing |
KB Life Insurance Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Life Insurance Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Life insurance |
KB Real Estate Trust Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Real Estate Trust Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Real estate trust management |
KB Savings Bank Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Savings Bank Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Savings banking |
KB Investment Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Investment Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Capital investment |
KB Data System Co Ltd | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Data System Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Software advisory, development, and supply |
KB Credit Information Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Financial Group Inc. |
Investee | KB Credit Information Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Collection of receivables or credit investigation |
Kookmin Bank Cambodia PLC. | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | Kookmin Bank Cambodia Plc. |
Ownership interests(%) | 100% |
Location | Cambodia |
Date of financial statements | Dec. 31, 2022 |
Industry | Banking and foreign exchange transaction |
Kookmin Bank China Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | Kookmin Bank (China) Ltd. |
Ownership interests(%) | 100% |
Location | China |
Date of financial statements | Dec. 31, 2022 |
Industry | Banking and foreign exchange transaction |
KB Microfinance Myanmar Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | KB Microfinance Myanmar Co., Ltd. |
Ownership interests(%) | 100% |
Location | Myanmar |
Date of financial statements | Dec. 31, 2022 |
Industry | Microfinance services |
PRASAC Microfinance Institution Plc. | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | PRASAC Microfinance Institution Plc. |
Ownership interests(%) | 100% |
Location | Cambodia |
Date of financial statements | Dec. 31, 2022 |
Industry | Microfinance services |
PT Bank KB Bukopin TbK | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | PT Bank KB Bukopin Tbk |
Ownership interests(%) | 67% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Banking and foreign exchange transaction |
PT Bank Syariah Bukopin | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | PT Bank Syariah Bukopin |
Ownership interests(%) | 92.78% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Banking |
PT Bukopin Finance | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | PT Bukopin Finance |
Ownership interests(%) | 97.03% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Installment financing |
KB Bank Myanmar Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank |
Investee | KB Bank Myanmar Co., Ltd. |
Ownership interests(%) | 100% |
Location | Myanmar |
Date of financial statements | Dec. 31, 2022 |
Industry | Banking and foreign exchange transaction |
KBFG Securities America Inc. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Securities Co., Ltd. |
Investee | KBFG Securities America Inc. |
Ownership interests(%) | 100% |
Location | United States |
Date of financial statements | Dec. 31, 2022 |
Industry | Investment advisory and securities trading |
KB Securities Hong Kong Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Securities Co., Ltd. |
Investee | KB Securities Hong Kong Ltd. |
Ownership interests(%) | 100% |
Location | China |
Date of financial statements | Dec. 31, 2022 |
Industry | Investment advisory and securities trading |
KB Securities Vietnam Joint Stock Company | |
Disclosure of subsidiaries [line items] | |
Investor | KB Securities Co., Ltd. |
Investee | KB Securities Vietnam Joint Stock Company |
Ownership interests(%) | 99.81% |
Location | Vietnam |
Date of financial statements | Dec. 31, 2022 |
Industry | Investment advisory and securities trading |
KB FINA Joint Stock Company | |
Disclosure of subsidiaries [line items] | |
Investor | KB Securities Co., Ltd. |
Investee | KB FINA Joint Stock Company |
Ownership interests(%) | 77.82% |
Location | Vietnam |
Date of financial statements | Dec. 31, 2022 |
Industry | Investment advisory and securities trading |
PT KB VALBURY SEKURITAS | |
Disclosure of subsidiaries [line items] | |
Investor | KB Securities Co., Ltd. |
Investee | PT KB VALBURY SEKURITAS |
Ownership interests(%) | 65% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Investment advisory and securities trading |
PT.KB Valbury Capital Management | |
Disclosure of subsidiaries [line items] | |
Investor | KB Securities Co., Ltd. |
Investee | PT.KB Valbury Capital Management |
Ownership interests(%) | 79% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Financial investment |
Leading Insurance Services, Inc. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Insurance Co., Ltd. |
Investee | Leading Insurance Services, Inc. |
Ownership interests(%) | 100% |
Location | United States |
Date of financial statements | Dec. 31, 2022 |
Industry | Management service |
KBFG Insurance(China) Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Insurance Co., Ltd. |
Investee | KBFG Insurance (China) Co., Ltd. |
Ownership interests(%) | 100% |
Location | China |
Date of financial statements | Dec. 31, 2022 |
Industry | Non-life insurance |
PT. KB Insurance Indonesia | |
Disclosure of subsidiaries [line items] | |
Investor | KB Insurance Co., Ltd. |
Investee | PT. KB Insurance Indonesia |
Ownership interests(%) | 70% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Non-life insurance |
KB Claims Survey & Adjusting | |
Disclosure of subsidiaries [line items] | |
Investor | KB Insurance Co., Ltd. |
Investee | KB Claims Survey & Adjusting |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Claim service |
KB Sonbo CNS | |
Disclosure of subsidiaries [line items] | |
Investor | KB Insurance Co., Ltd. |
Investee | KB Sonbo CNS |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Management service |
KB Golden Life Care Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investee | KB Golden Life Care Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Service |
KB Healthcare Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Insurance Co., Ltd. |
Investee | KB Healthcare Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Information and communication |
KB Life Partners Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) |
Investee | KB Life Partners Co., Ltd. |
Ownership interests(%) | 100% |
Location | Korea |
Date of financial statements | Dec. 31, 2022 |
Industry | Insurance agent |
KB Daehan Specialized Bank Plc. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Kookmin Card Co., Ltd. |
Investee | KB Daehan Specialized Bank Plc. |
Ownership interests(%) | 95.71% |
Location | Cambodia |
Date of financial statements | Dec. 31, 2022 |
Industry | Auto Installment finance |
PT. KB Finansia Multi Finance | |
Disclosure of subsidiaries [line items] | |
Investor | KB Kookmin Card Co., Ltd. |
Investee | PT. KB Finansia Multi Finance |
Ownership interests(%) | 80% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Auto Installment finance |
KB J Capital Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Kookmin Card Co., Ltd. |
Investee | KB J Capital Co., Ltd. |
Ownership interests(%) | 50.99% |
Location | Thailand |
Date of financial statements | Dec. 31, 2022 |
Industry | Service |
i-Finance Leasing Plc. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Kookmin Card Co., Ltd. |
Investee | i-Finance Leasing Plc. |
Ownership interests(%) | 100% |
Location | Cambodia |
Date of financial statements | Dec. 31, 2022 |
Industry | Leasing |
PT Sunindo Kookmin Best Finance | |
Disclosure of subsidiaries [line items] | |
Investor | KB Capital Co., Ltd. |
Investee | PT Sunindo Kookmin Best Finance |
Ownership interests(%) | 85% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Auto Installment finance |
KB KOLAO Leasing Co., Ltd. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Kookmin Card Co., Ltd. KB Capital Co., Ltd. |
Investee | KB KOLAO Leasing Co., Ltd. |
Ownership interests(%) | 80% |
Location | Laos |
Date of financial statements | Dec. 31, 2021 |
Industry | Auto Installment finance |
PT KB Data Systems Indonesia | |
Disclosure of subsidiaries [line items] | |
Investor | Kookmin Bank, KB Data System Co., Ltd. |
Investee | PT KB Data Systems Indonesia |
Ownership interests(%) | 100% |
Location | Indonesia |
Date of financial statements | Dec. 31, 2022 |
Industry | Service |
KBAM Shanghai Advisory Services Co.,Ltd | |
Disclosure of subsidiaries [line items] | |
Investor | KB Asset Management Co., Ltd. |
Investee | KBAM Shanghai Advisory Services Co., Ltd. |
Ownership interests(%) | 100% |
Location | China |
Date of financial statements | Dec. 31, 2022 |
Industry | General advisory |
KB Asset Management Singapore PTE. LTD. | |
Disclosure of subsidiaries [line items] | |
Investor | KB Asset Management Co., Ltd. |
Investee | KB Asset Management Singapore PTE. LTD. |
Ownership interests(%) | 100% |
Location | Singapore |
Date of financial statements | Dec. 31, 2022 |
Industry | Collective investment |
Subsidiaries - Summary of Conde
Subsidiaries - Summary of Condensed Financial Information Of Major Subsidiaries (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | |||
Kookmin Bank | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1] | ₩ 517,769,512 | ₩ 483,564,898 | |
Liabilities | [1] | 484,046,253 | 450,675,985 | |
Equity | [1] | 33,723,259 | 32,888,913 | |
Operating revenue | [1],[2] | 49,436,046 | 26,536,995 | |
Profit (loss) for the year | [1] | 2,996,015 | 2,590,764 | |
Total comprehensive income (loss) for the year | [1] | ₩ 1,856,632 | ₩ 3,265,921 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | ||
KB Securities Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1],[3] | ₩ 53,824,246 | ₩ 55,493,985 | |
Liabilities | [1],[3] | 47,946,933 | 50,008,422 | |
Equity | [1],[3] | 5,877,313 | 5,485,563 | |
Operating revenue | [1],[2],[3] | 14,264,399 | 8,543,590 | |
Profit (loss) for the year | [1],[3] | 187,784 | 594,301 | |
Total comprehensive income (loss) for the year | [1],[3] | ₩ 263,605 | ₩ 628,112 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | ||
KB Insurance Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1],[3] | ₩ 42,736,747 | ₩ 41,472,227 | |
Liabilities | [1],[3] | 39,397,167 | 37,328,954 | |
Equity | [1],[3] | 3,339,580 | 4,143,273 | |
Operating revenue | [1],[2],[3] | 14,959,264 | 14,131,278 | |
Profit (loss) for the year | [1],[3] | 557,680 | 301,836 | |
Total comprehensive income (loss) for the year | [1],[3] | ₩ (820,382) | ₩ 107,240 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | ||
KB Kookmin Card Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1] | ₩ 29,721,017 | ₩ 27,349,561 | |
Liabilities | [1] | 24,998,215 | 22,793,920 | |
Equity | [1] | 4,722,802 | 4,555,641 | |
Operating revenue | [1],[2] | 3,694,352 | 3,527,354 | |
Profit (loss) for the year | [1] | 378,592 | 418,898 | |
Total comprehensive income (loss) for the year | [1] | ₩ 412,208 | ₩ 442,873 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | ||
KB Life Insurance Co., Ltd.(former Prudential Life Insurance Company of Korea Ltd.) | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [3] | ₩ 24,710,078 | [1] | ₩ 26,287,116 |
Liabilities | [3] | 23,047,601 | [1] | 23,992,601 |
Equity | [3] | 1,662,477 | [1] | 2,294,515 |
Operating revenue | [2],[3] | 2,255,418 | [1] | 1,976,122 |
Profit (loss) for the year | [3] | 250,308 | [1] | 336,198 |
Total comprehensive income (loss) for the year | [3] | ₩ (532,038) | [1] | ₩ 54,587 |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | ||
KB Life Insurance Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | ₩ 10,136,909 | ₩ 10,634,562 | ||
Liabilities | 10,050,292 | 10,174,282 | ||
Equity | 86,617 | 460,280 | ||
Operating revenue | [2] | 2,907,001 | 2,259,301 | |
Profit (loss) for the year | (64,045) | (46,595) | ||
Total comprehensive income (loss) for the year | (422,048) | (121,847) | ||
KB Asset Management Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1] | 369,488 | 375,739 | |
Liabilities | [1] | 102,970 | 128,589 | |
Equity | [1] | 266,518 | 247,150 | |
Operating revenue | [1],[2] | 233,293 | 254,162 | |
Profit (loss) for the year | [1] | 59,345 | 79,899 | |
Total comprehensive income (loss) for the year | [1] | ₩ 59,367 | ₩ 79,071 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | ||
KB Capital Co.,Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1],[3] | ₩ 16,053,026 | ₩ 14,529,427 | |
Liabilities | [1],[3] | 13,946,800 | 12,707,210 | |
Equity | [1],[3] | 2,106,226 | 1,822,217 | |
Operating revenue | [1],[2],[3] | 1,906,694 | 1,634,759 | |
Profit (loss) for the year | [1],[3] | 217,139 | 209,899 | |
Total comprehensive income (loss) for the year | [1],[3] | ₩ 209,808 | ₩ 209,719 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | Financial information is based on its consolidated financial statements. Includes fair value adjustments arising from the acquisition. | ||
KB Savings Bank Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | ₩ 3,138,543 | ₩ 2,601,134 | ||
Liabilities | 2,854,549 | 2,339,037 | ||
Equity | 283,994 | 262,097 | ||
Operating revenue | [2] | 191,337 | 150,028 | |
Profit (loss) for the year | 21,814 | 18,932 | ||
Total comprehensive income (loss) for the year | 21,897 | 22,526 | ||
KB Real Estate Trust Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | 518,980 | 496,522 | ||
Liabilities | 113,444 | 119,700 | ||
Equity | 405,536 | 376,822 | ||
Operating revenue | [2] | 152,686 | 168,373 | |
Profit (loss) for the year | 67,723 | 81,480 | ||
Total comprehensive income (loss) for the year | 68,714 | 82,299 | ||
KB Investment Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1] | 1,378,550 | 1,197,720 | |
Liabilities | [1] | 1,108,264 | 922,239 | |
Equity | [1] | 270,286 | 275,481 | |
Operating revenue | [1],[2] | 161,210 | 207,367 | |
Profit (loss) for the year | [1] | 4,807 | 55,338 | |
Total comprehensive income (loss) for the year | [1] | ₩ 4,805 | ₩ 55,340 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | ||
KB Data System Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | [1] | ₩ 63,645 | ₩ 44,486 | |
Liabilities | [1] | 40,570 | 25,911 | |
Equity | [1] | 23,075 | 18,575 | |
Operating revenue | [1],[2] | 233,320 | 174,819 | |
Profit (loss) for the year | [1] | 3,162 | 467 | |
Total comprehensive income (loss) for the year | [1] | ₩ 4,546 | ₩ 1,105 | |
Description Of Basis Of Preparation Of Condensed Financial Information Of Subsidiary | Financial information is based on its consolidated financial statements. | Financial information is based on its consolidated financial statements. | ||
KB Credit Information Co., Ltd. | ||||
Subsidiaries Condensed Financial Information Abstract [Abstract] | ||||
Assets | ₩ 42,219 | ₩ 28,674 | ||
Liabilities | 24,923 | 12,303 | ||
Equity | 17,296 | 16,371 | ||
Operating revenue | [2] | 36,469 | 39,909 | |
Profit (loss) for the year | 484 | 388 | ||
Total comprehensive income (loss) for the year | ₩ 924 | ₩ 434 | ||
[1]Financial information is based on its consolidated financial statements.[2]Operating revenue consists of interest income, fee and commission income, insurance income and others.[3]Includes fair value adjustments arising from the acquisition. |
Subsidiaries - Summary of Natur
Subsidiaries - Summary of Nature Of The Risks Associated With Interests In Consolidated Structured Entities (Details) ₩ in Millions | 12 Months Ended |
Dec. 31, 2022 KRW (₩) | |
K plus 1st L.L.C And Other Subsidiaries | |
Disclosure of information about consolidated structured entities [line items] | |
Exposure Of The Risks Associated With Interests In Consolidated Structured Entities | ₩ 4,458,840 |
Description of terms of contractual arrangements that could require parent or subsidiaries to provide financial support to structured entity | The Group has provided payment guarantees of ₩4,458,840 million to K plus 1st L.L.C and other consolidated structured entities. |
KB Sinansan Line Private Special Asset Fund And Other Subsidiaries | |
Disclosure of information about consolidated structured entities [line items] | |
Exposure Of The Risks Associated With Interests In Consolidated Structured Entities | ₩ 1,822,517 |
Description of terms of contractual arrangements that could require parent or subsidiaries to provide financial support to structured entity | The Group has provided capital commitment to 51 consolidated structured entities including KB Sinansan Line Private Special Asset Fund (SOC). The unexecuted amount of the capital commitment is ₩1,822,517 million. Based on the capital commitment, the Group is subject to increase its investment upon the request of the asset management company or the additional agreement among investors. |
Trusts | |
Disclosure of information about consolidated structured entities [line items] | |
Description of terms of contractual arrangements that could require parent or subsidiaries to provide financial support to structured entity | The Group has provided the guarantees of payment of principal, or principal and fixed rate of return in case the operating results of the trusts are less than the guaranteed principal, or principal and fixed rate of return. |
Subsidiaries - Summary of Chang
Subsidiaries - Summary of Changes In Subsidiaries (Details) | 12 Months Ended |
Dec. 31, 2022 | |
PT KB VALBURY SEKURITAS | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds more than half of the ownership interests |
New star Gimpo 4th Co., Ltd. | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds the power in the event of default and is exposed to significant variable returns by providing lines of credit, ABCP purchase commitments or acquisition of subordinated debt |
KB Korea Short Term Premium Private Securities Fund No.25 | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds the power to determine the operation of the funds and is exposed to variable returns by holding significant amount of ownership interests |
KB Tail End Fund | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Holds the power as a general partner and is exposed to variable returns by holding significant amount of ownership interests |
Able Pocheon 1st Co., Ltd. | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Termination of the commitments |
KB Pre IPO Secondary Venture Fund No.2 | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Liquidation |
KB Global Digital-Chain Economy Securities Fund(Equity) | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Decrease in ownership interests to less than majority |
Four Nine Eight Seventh KOR Holdco LP [Member] | |
Disclosure Of Changes In Parents Ownership Interest In Subsidiary Line Items [Line Items] | |
Description | Disposal |
Unconsolidated Structured Ent_3
Unconsolidated Structured Entity - Summary of Nature Purpose and Activities of the Unconsolidated Structured Entities and How the Structured Entities are Financed (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Structured financing | |
Disclosure of unconsolidated structured entities [line items] | |
Purpose | Granting PF loans to SOC and real estate Granting loans to ships/aircrafts SPC |
Activity | Construction of SOC and real estate Building ships, construction and purchase of aircrafts |
Method of Financing | Loan commitments through credit line, providing credit line, and investment agreements |
Investment funds | |
Disclosure of unconsolidated structured entities [line items] | |
Purpose | Investment in beneficiary certificates Investment in PEF and partnerships |
Activity | Management of fund assets Payment of fund fees and allocation of fund profits |
Method of Financing | Sales of beneficiary certificate instruments Investment from general partners and limited partners |
Trusts | |
Disclosure of unconsolidated structured entities [line items] | |
Purpose | Management of financial trusts; —Development trust —General unspecified money trust — Trust whose principal is not guaranteed —Other trusts |
Activity | Management of trusted financial assets Payment of trust fees and allocation of trust profits. |
Method of Financing | Sales of trusted financial assets |
Asset-backed securitization | |
Disclosure of unconsolidated structured entities [line items] | |
Purpose | Early cash generation through transfer of securitized assets Fees earned through services to SPC, such as providing lines of credit and ABCP purchase commitments |
Activity | Fulfillment of asset-backed securitization plan Purchase and collection of securitized assets Issuance and repayment of ABS and ABCP |
Method of Financing | Issuance of ABS and ABCP based on securitized assets |
Unconsolidated Structured Ent_4
Unconsolidated Structured Entity - Summary Size of the Unconsolidated Structured Entities and the Risks Associated With Its Interests in Unconsolidated Structured Entities (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | ||
Investment funds | |||
Disclosure of unconsolidated structured entities [line items] | |||
Total assets of unconsolidated Structured Entity | ₩ 435,585,129 | ₩ 416,401,893 | |
Assets recognised in entity's financial statements in relation to structured entities | 13,770,330 | 14,115,170 | |
Liabilities recognised in entity's financial statements in relation to structured entities | 43,401 | 58,637 | |
Maximum exposure | [1] | 20,071,918 | 20,246,909 |
Assets held | [1] | 13,770,330 | 14,115,170 |
Purchase and investment commitments | [1] | 6,301,588 | 6,131,739 |
Unused credit | [1] | 0 | 0 |
Acceptances and guarantees and loan commitments | [1] | ₩ 0 | ₩ 0 |
Methods of determining the maximum exposure | Investments / loans and Investment agreements | Investments / loans and Investment agreements | |
Description of comparison between assets and liabilities recognised in relation to structured entities and maximum exposure to loss from interests in structured entities | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | |
Investment funds | Financial assets at fair value through profit or loss | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | ₩ 12,963,303 | ₩ 13,340,292 | |
Investment funds | Loans measured at amortized cost | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 469,777 | 479,452 | |
Investment funds | Investments In Associates | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 335,746 | 292,315 | |
Investment funds | Deposits [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 41,288 | 58,348 | |
Investment funds | Derivative Financial Instruments Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 2,102 | ||
Investment funds | Other Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 11 | 289 | |
Investment funds | Other assets | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 1,504 | 3,111 | |
Structured financing | |||
Disclosure of unconsolidated structured entities [line items] | |||
Total assets of unconsolidated Structured Entity | 110,862,054 | 89,647,771 | |
Assets recognised in entity's financial statements in relation to structured entities | 8,943,070 | 8,419,096 | |
Liabilities recognised in entity's financial statements in relation to structured entities | 1,599,492 | 659,030 | |
Maximum exposure | [1] | 11,566,135 | 10,818,812 |
Assets held | [1] | 8,943,070 | 8,419,096 |
Purchase and investment commitments | [1] | 227,098 | 0 |
Unused credit | [1] | 1,380,348 | 855,322 |
Acceptances and guarantees and loan commitments | [1] | ₩ 1,015,619 | ₩ 1,544,394 |
Methods of determining the maximum exposure | Loan commitments / investment agreements / purchase commitments and acceptances and guarantees | Loan commitments / investment agreements / purchase commitments and acceptances and guarantees | |
Description of comparison between assets and liabilities recognised in relation to structured entities and maximum exposure to loss from interests in structured entities | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | |
Structured financing | Financial assets at fair value through profit or loss | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | ₩ 105,637 | ₩ 126,086 | |
Structured financing | Loans measured at amortized cost | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 8,829,758 | 8,290,514 | |
Structured financing | Financial investments | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 1,012 | ||
Structured financing | Deposits [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 1,596,011 | 650,834 | |
Structured financing | Derivative Financial Instruments Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 437 | ||
Structured financing | Other Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 3,044 | 8,196 | |
Structured financing | Other assets | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 6,663 | 2,496 | |
Trusts | |||
Disclosure of unconsolidated structured entities [line items] | |||
Total assets of unconsolidated Structured Entity | 5,516,039 | 3,005,720 | |
Assets recognised in entity's financial statements in relation to structured entities | 704,242 | 475,151 | |
Liabilities recognised in entity's financial statements in relation to structured entities | 0 | 0 | |
Maximum exposure | [1] | 857,058 | 622,143 |
Assets held | [1] | 704,242 | 475,151 |
Purchase and investment commitments | [1] | 144,269 | 131,102 |
Unused credit | [1] | 8,547 | 0 |
Acceptances and guarantees and loan commitments | [1] | ₩ 0 | ₩ 15,890 |
Methods of determining the maximum exposure | Trust paying dividends by results: Total amount of trust exposure | Trust paying dividends by results: Total amount of trust exposure | |
Description of comparison between assets and liabilities recognised in relation to structured entities and maximum exposure to loss from interests in structured entities | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | |
Trusts | Financial assets at fair value through profit or loss | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | ₩ 298,169 | ₩ 90,348 | |
Trusts | Loans measured at amortized cost | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 163,220 | 265,173 | |
Trusts | Other assets | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 242,853 | 119,630 | |
Asset-backed securitization and others | |||
Disclosure of unconsolidated structured entities [line items] | |||
Total assets of unconsolidated Structured Entity | 144,018,286 | 144,897,727 | |
Assets recognised in entity's financial statements in relation to structured entities | 14,503,523 | 12,897,256 | |
Liabilities recognised in entity's financial statements in relation to structured entities | 274,764 | 363,208 | |
Maximum exposure | [1] | 21,363,258 | 18,884,019 |
Assets held | [1] | 14,503,523 | 12,897,256 |
Purchase and investment commitments | [1] | 678,564 | 499,682 |
Unused credit | [1] | 6,161,171 | 4,990,797 |
Acceptances and guarantees and loan commitments | [1] | ₩ 20,000 | ₩ 496,284 |
Methods of determining the maximum exposure | Providing credit lines/ purchase commitments/ loan commitments and acceptances and guarantees | Providing credit lines/ purchase commitments/ loan commitments and acceptances and guarantees | |
Description of comparison between assets and liabilities recognised in relation to structured entities and maximum exposure to loss from interests in structured entities | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | |
Asset-backed securitization and others | Financial assets at fair value through profit or loss | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | ₩ 3,566,948 | ₩ 3,602,631 | |
Asset-backed securitization and others | Derivative Financial Assets [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 181 | ||
Asset-backed securitization and others | Loans measured at amortized cost | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 3,037,021 | 1,194,705 | |
Asset-backed securitization and others | Financial investments | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 7,893,604 | 8,084,101 | |
Asset-backed securitization and others | Deposits [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 219,641 | 330,592 | |
Asset-backed securitization and others | Derivative Financial Instruments Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 698 | 437 | |
Asset-backed securitization and others | Other Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 54,425 | 32,179 | |
Asset-backed securitization and others | Other assets | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 5,950 | 15,638 | |
Nature | |||
Disclosure of unconsolidated structured entities [line items] | |||
Total assets of unconsolidated Structured Entity | 695,981,508 | 653,953,111 | |
Assets recognised in entity's financial statements in relation to structured entities | 37,921,165 | 35,906,673 | |
Liabilities recognised in entity's financial statements in relation to structured entities | 1,917,657 | 1,080,875 | |
Maximum exposure | [1] | 53,858,369 | 50,571,883 |
Assets held | [1] | 37,921,165 | 35,906,673 |
Purchase and investment commitments | [1] | 7,351,519 | 6,762,523 |
Unused credit | [1] | 7,550,066 | 5,846,119 |
Acceptances and guarantees and loan commitments | [1] | ₩ 1,035,619 | ₩ 2,056,568 |
Description of comparison between assets and liabilities recognised in relation to structured entities and maximum exposure to loss from interests in structured entities | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. | |
Nature | Financial assets at fair value through profit or loss | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | ₩ 16,934,057 | ₩ 17,159,357 | |
Nature | Derivative Financial Assets [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 181 | ||
Nature | Loans measured at amortized cost | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 12,499,776 | 10,229,844 | |
Nature | Financial investments | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 7,894,616 | 8,084,101 | |
Nature | Investments In Associates | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | 335,746 | 292,315 | |
Nature | Deposits [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 1,856,940 | 1,039,774 | |
Nature | Derivative Financial Instruments Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 3,237 | 437 | |
Nature | Other Liabilities [Member] | |||
Disclosure of unconsolidated structured entities [line items] | |||
Liabilities recognised in entity's financial statements in relation to structured entities | 57,480 | 40,664 | |
Nature | Other assets | |||
Disclosure of unconsolidated structured entities [line items] | |||
Assets recognised in entity's financial statements in relation to structured entities | ₩ 256,970 | ₩ 140,875 | |
[1]Maximum exposure includes the asset amounts, after deducting loss (provisions for credit losses, impairment losses, and others), recognized in the consolidated financial statements of the Group. |
Related Party Transactions - De
Related Party Transactions - Details Of Significant Profit Or Loss Arising From Transactions With Related Parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Balhae Infrastructure Company | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 5,194 | ₩ 5,689 | ₩ 6,817 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 1,306 | 1,427 | ||
Retirement pension | ||||
Related party transactions [abstract] | ||||
Interest expense | 39 | 9 | 3 | |
Fee and commission income | 1,352 | 1,338 | 1,077 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 778 | 369 | ||
Other liabilities | 10,141 | 5,014 | ||
Korea Credit Bureau Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 6 | 7 | |
Fee and commission income | 649 | 910 | 957 | |
Fee and commission expense | 3,973 | 4,256 | 3,280 | |
Insurance income | 4 | 4 | 5 | |
Other operating expenses | 15 | 11 | 1 | |
Outstanding balances for related party transactions [abstract] | ||||
Loans measured at amortized cost (gross amount) | 38 | 36 | ||
Deposits | 27,889 | 10,200 | ||
Provisions | 2 | 0 | ||
Insurance liabilities | 1 | 1 | ||
KB GwS Private Securities Investment Trust | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 0 | 146 | 853 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
Incheon Bridge Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | ₩ 7,516 | 4,069 | 4,345 | |
Interest expense | 517 | 158 | 334 | |
Fee and commission income | 23 | 22 | 23 | |
Fee and commission expense | 6 | 6 | 6 | |
Insurance income | 212 | 230 | 279 | |
Gains on financial instruments at fair value through profit or loss | 0 | 0 | 899 | |
Losses on financial instruments at fair value through profit or loss | 4,434 | 1,374 | 0 | |
Reversal of credit losses | 28 | 444 | 0 | |
Provision for credit losses | 9 | 1 | 472 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 32,948 | 37,382 | ||
Loans measured at amortized cost (gross amount) | 95,211 | 114,107 | ||
Allowances for credit losses | 12 | 26 | ||
Other assets | 615 | 423 | ||
Deposits | 48,639 | 35,487 | ||
Provisions | 18 | 24 | ||
Insurance liabilities | 89 | 79 | ||
Other liabilities | 446 | 99 | ||
KoFC POSCO Hanwha KB Shared Growth Private Equity Fund No.2 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 0 | 0 | 12 | |
Aju Good Technology Venture Fund | ||||
Related party transactions [abstract] | ||||
Interest expense | 108 | 27 | 18 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 7,222 | 6,286 | ||
Other liabilities | 73 | 10 | ||
KB Star Office Private Real Estate Master Fund No.1 | ||||
Related party transactions [abstract] | ||||
Interest income | 0 | 370 | 371 | |
Interest expense | 2 | 5 | 61 | |
Fee and commission income | 276 | 435 | 436 | |
Outstanding balances for related party transactions [abstract] | ||||
Loans measured at amortized cost (gross amount) | [1] | 0 | 10,000 | |
Allowances for credit losses | [1] | 0 | 5 | |
Other assets | [1] | 0 | 138 | |
Deposits | [1] | ₩ 0 | 2,578 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
RAND Bio Science Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | ₩ 0 | 0 | 11 | |
Outstanding balances for related party transactions [abstract] | ||||
Loans measured at amortized cost (gross amount) | 0 | 1 | ||
Deposits | 3 | 443 | ||
Star-Lord General Investors Private Real Estate Investment Company No.10 | ||||
Related party transactions [abstract] | ||||
Interest income | 3,098 | 0 | 0 | |
Interest expense | 413 | 0 | 0 | |
Insurance income | 97 | 0 | 0 | |
Provision for credit losses | 1 | 0 | 0 | |
General and administrative expenses | 5,562 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Loans measured at amortized cost (gross amount) | 149,294 | 0 | ||
Allowances for credit losses | 1 | 0 | ||
Other assets | 8,591 | 0 | ||
Insurance liabilities | 46 | 0 | ||
Other liabilities | 14,227 | 0 | ||
Property and equipment | 9,915 | 0 | ||
SY Auto Capital Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | 889 | 941 | 1,097 | |
Interest expense | 0 | 0 | 2 | |
Fee and commission income | 47 | 88 | 39 | |
Fee and commission expense | 10 | 15 | 132 | |
Insurance income | 43 | 42 | 40 | |
Other operating income | 487 | 710 | 1,709 | |
Other operating expenses | 32 | 64 | 121 | |
Reversal of credit losses | 0 | 11 | 17 | |
Provision for credit losses | 9 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Loans measured at amortized cost (gross amount) | 40,040 | 40,074 | ||
Allowances for credit losses | 55 | 68 | ||
Other assets | 63 | 630 | ||
Deposits | 10 | 17 | ||
Insurance liabilities | 14 | 14 | ||
Other liabilities | ₩ 5 | 36 | ||
Description of transactions with related party | the Group purchased installment financial assets, etc. from SY Auto Capital Co., Ltd. amounting to ₩878,690 million and ₩486,586 million for the years ended December 31, 2021 and 2022, respectively. | |||
Food Factory Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | ₩ 80 | 70 | 52 | |
Interest expense | 6 | 5 | 12 | |
Fee and commission income | 1 | 0 | 0 | |
Fee and commission expense | 0 | 2 | 4 | |
Insurance income | 10 | 9 | 5 | |
Gains on financial instruments at fair value through profit or loss | 33 | 0 | 72 | |
Losses on financial instruments at fair value through profit or loss | 0 | 1 | 0 | |
Reversal of credit losses | 1 | 6 | 0 | |
Provision for credit losses | 0 | 0 | 8 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 696 | 663 | ||
Loans measured at amortized cost (gross amount) | 3,345 | 3,553 | ||
Allowances for credit losses | 4 | 4 | ||
Other assets | 4 | 2 | ||
Deposits | 664 | 839 | ||
Insurance liabilities | 8 | 8 | ||
Other liabilities | 1 | 6 | ||
KB Pre IPO Secondary Venture Fund No.1 | ||||
Related party transactions [abstract] | ||||
Interest expense | 0 | 1 | 3 | |
Fee and commission income | 1,204 | 110 | 110 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | [1] | ₩ 0 | 103 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
KB Private Equity Fund No.3 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 0 | 0 | 463 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
Wise Asset Management Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
Acts Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | ₩ 0 | 0 | 1 | |
Insurance income | 2 | 1 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | [1] | 0 | 154 | |
Insurance liabilities | [1] | 0 | 2 | |
Other liabilities | [1] | 0 | 100 | |
Dongjo Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | 9 | 0 | 0 | |
Insurance income | 0 | 1 | 1 | |
A-PRO Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | 0 | 0 | 7 | |
Interest expense | 0 | 0 | 1 | |
Insurance income | 0 | 0 | 1 | |
Provision for credit losses | ₩ 0 | 0 | 1 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
POSCO-KB Shipbuilding Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 177 | 213 | 387 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 177 | 213 | ||
Dae-A Leisure Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 0 | 2 | 7 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 154 | 17 | ||
Paycoms Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | 7 | 10 | 10 | |
Gains on financial instruments at fair value through profit or loss | 39 | 42 | 69 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 1,172 | 1,269 | ||
Other assets | 0 | 1 | ||
Deposits | 1 | 1 | ||
Big Dipper Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 0 | 0 | |
Fee and commission expense | 393 | 655 | 768 | |
Outstanding balances for related party transactions [abstract] | ||||
Loans measured at amortized cost (gross amount) | 18 | 17 | ||
Deposits | 19 | 0 | ||
KB-TS Technology Venture Private Equity Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 185 | 285 | 126 | |
KB-SJ Tourism Venture Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 209 | 279 | 338 | |
Iwon Alloy Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Insurance income | 1 | 0 | 1 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 1 | 0 | ||
Insurance liabilities | 1 | 1 | ||
RMGP Bio-Pharma Investment Fund, L.P. | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 43 | 38 | 27 | |
Gains on financial instruments at fair value through profit or loss | 0 | 531 | 0 | |
Losses on financial instruments at fair value through profit or loss | 0 | 2,373 | 489 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 6,384 | 5,423 | ||
Other liabilities | 36 | 79 | ||
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||||
Related party transactions [abstract] | ||||
Interest expense | 6 | 17 | 40 | |
Fee and commission income | 423 | 514 | 734 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 1,526 | 1,524 | ||
Other liabilities | 1 | 0 | ||
Spark Biopharma Inc. | ||||
Related party transactions [abstract] | ||||
Interest expense | 272 | 7 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 7,450 | 4,950 | ||
Loans measured at amortized cost (gross amount) | 17 | 17 | ||
Deposits | 17,534 | 6,015 | ||
Other liabilities | 91 | 3 | ||
Keystone-Hyundai Securities No.1 Private Equity Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 0 | 43 | 115 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
Jungdo Co., Ltd. [Member] | ||||
Outstanding balances for related party transactions [abstract] | ||||
Deposits | ₩ 4 | 4 | ||
COMPUTERLIFE Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 3 | 0 | ||
RMGP Bio-Pharma Investment, L.P. | ||||
Related party transactions [abstract] | ||||
Losses on financial instruments at fair value through profit or loss | 0 | 0 | 1 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 17 | 14 | ||
Skydigital Inc. | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 3 | 3 | 4 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 10 | 85 | ||
Il-Kwang Electronic Materials Co., Ltd | ||||
Related party transactions [abstract] | ||||
Other non-operating expense | 1 | 0 | 0 | |
SO-MYUNG Recycling Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Other non-operating expense | 2 | 0 | 0 | |
KB No.17 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 14 | 25 | |
Gains on financial instruments at fair value through profit or loss | 0 | 0 | 4 | |
Losses on financial instruments at fair value through profit or loss | 0 | 1,388 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | 0 | 1,301 | |
Deposits | [1] | 0 | 1,687 | |
Other liabilities | [1] | ₩ 0 | 12 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||||
Related party transactions [abstract] | ||||
Interest expense | ₩ 1 | 1 | 23 | |
Fee and commission income | 129 | 190 | 300 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 317 | 904 | ||
Jo Yang Industrial Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 0 | 1 | ||
KB No.18 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | 5 | 20 | 31 | |
Gains on financial instruments at fair value through profit or loss | 0 | 8 | 84 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | 0 | 3,881 | |
Deposits | [1] | 0 | 2,077 | |
Other liabilities | [1] | ₩ 0 | 12 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
KB No.19 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | ₩ 5 | 9 | 13 | |
Gains on financial instruments at fair value through profit or loss | 0 | 36 | 11 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | 0 | 2,091 | |
Deposits | [1] | 0 | 1,013 | |
Other liabilities | [1] | ₩ 0 | 5 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
KB No.20 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | ₩ 22 | 15 | 25 | |
Fee and commission income | 0 | 0 | 210 | |
Gains on financial instruments at fair value through profit or loss | 0 | 68 | 1,568 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | 0 | 3,135 | |
Deposits | [1] | 0 | 1,681 | |
Other liabilities | [1] | ₩ 0 | 3 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
KB No.20 Special Purpose Acquisition Company | ||||
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
KB No.21 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | ₩ 30 | 0 | 0 | |
Fee and commission income | 263 | 0 | 0 | |
Gains on financial instruments at fair value through profit or loss | 1,469 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,959 | 0 | ||
Deposits | 2,263 | 0 | ||
Other liabilities | 29 | 0 | ||
KB No.22 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 0 | 0 | |
Fee and commission income | 175 | 0 | 0 | |
Gains on financial instruments at fair value through profit or loss | 982 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 1,972 | 0 | ||
Deposits | 1,948 | 0 | ||
KB No.23 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | 23 | 0 | 0 | |
Gains on financial instruments at fair value through profit or loss | 1,476 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,971 | 0 | ||
Deposits | 2,205 | 0 | ||
Other liabilities | 22 | 0 | ||
KB No.24 Special Purpose Acquisition Company | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 6,975 | 0 | ||
Deposits | 9,983 | 0 | ||
Other liabilities | 1 | 0 | ||
KB SPROTT Renewable Private Equity Fund No.1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 345 | 487 | 488 | |
KB-Stonebridge Secondary Private Equity Fund [Member] | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 706 | 550 | 1,442 | |
CWhy Inc. | ||||
Related party transactions [abstract] | ||||
Insurance income | 2 | 0 | 0 | |
Losses on financial instruments at fair value through profit or loss | 0 | 0 | 2,000 | |
Stratio, Inc. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 1,000 | 1,000 | ||
CellinCells Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 0 | 0 | 4 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,000 | 2,000 | ||
Loans measured at amortized cost (gross amount) | 7 | 6 | ||
Deposits | 37 | 38 | ||
Bomapp Inc. | ||||
Related party transactions [abstract] | ||||
Fee and commission expense | 0 | 5 | 9 | |
Insurance income | 0 | 0 | 8 | |
Losses on financial instruments at fair value through profit or loss | 0 | 1,980 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | 0 | 19 | |
Deposits | [1] | ₩ 1 | 0 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
KB Social Impact Investment Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 286 | 300 | 300 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 436 | 150 | ||
KB-Solidus Global Healthcare Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 350 | 167 | 777 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 350 | 620 | ||
BNF Corporation Ltd. | ||||
Related party transactions [abstract] | ||||
Interest income | 0 | 0 | 401 | |
Fee and commission income | 0 | 0 | 2 | |
Provision for credit losses | ₩ 0 | 0 | 8 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
KB Cape No.1 Private Equity Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 72 | 144 | 144 | |
Losses on financial instruments at fair value through profit or loss | 0 | 69 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,017 | 1,591 | ||
Other assets | 0 | 73 | ||
Honest Fund, Inc. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 3,999 | 3,999 | ||
MitoImmune Therapeutics | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 7,000 | 7,000 | ||
Bioprotect Ltd. | ||||
Related party transactions [abstract] | ||||
Gains on financial instruments at fair value through profit or loss | 0 | 293 | 0 | |
Losses on financial instruments at fair value through profit or loss | 0 | 0 | 216 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 3,802 | 3,557 | ||
KB-MDI Centauri Fund LP | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 487 | 401 | 308 | |
Gains on financial instruments at fair value through profit or loss | 0 | 551 | 0 | |
Losses on financial instruments at fair value through profit or loss | 0 | 284 | 322 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 17,471 | 9,633 | ||
Other assets | 470 | 104 | ||
S&E BIO | ||||
Related party transactions [abstract] | ||||
Interest expense | 2 | 1 | 1 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 4,000 | 2,000 | ||
Loans measured at amortized cost (gross amount) | 10 | 0 | ||
Deposits | 6,419 | 263 | ||
Contents First | ||||
Related party transactions [abstract] | ||||
Interest income | 128 | 0 | 0 | |
Interest expense | 34 | 83 | 14 | |
Fee and commission income | 1 | 0 | 0 | |
Provision for credit losses | 1 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 7,277 | 7,277 | ||
Loans measured at amortized cost (gross amount) | 10,017 | 0 | ||
Allowances for credit losses | 1 | 0 | ||
Other assets | 2 | 0 | ||
Deposits | 5,010 | 12,650 | ||
Other liabilities | 21 | 57 | ||
GENINUS Inc. | ||||
Related party transactions [abstract] | ||||
Interest expense | 12 | 29 | 70 | |
Gains on financial instruments at fair value through profit or loss | 0 | 4,009 | 0 | |
Provision for credit losses | 0 | 6 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | 0 | 5,855 | |
Loans measured at amortized cost (gross amount) | [1] | 0 | 17 | |
Allowances for credit losses | [1] | 0 | 6 | |
Deposits | [1] | 0 | 34,415 | |
Other liabilities | [1] | ₩ 0 | 2 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
COSES GT | ||||
Related party transactions [abstract] | ||||
Interest income | ₩ 23 | 18 | 6 | |
Interest expense | 1 | 1 | 0 | |
Reversal of credit losses | 0 | 3 | 0 | |
Provision for credit losses | 3 | 0 | 4 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 4,930 | 4,930 | ||
Loans measured at amortized cost (gross amount) | 506 | 515 | ||
Allowances for credit losses | 4 | 2 | ||
Other assets | 2 | 1 | ||
Deposits | 1,213 | 1,939 | ||
Kukka Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 2 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,490 | 0 | ||
ZIPDOC Inc. | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 0 | 0 | |
Reversal of credit losses | 3 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,000 | 0 | ||
Deposits | 915 | 0 | ||
TeamSparta Inc. | ||||
Related party transactions [abstract] | ||||
Interest expense | 19 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 4,001 | 0 | ||
Deposits | 12,502 | 0 | ||
Other liabilities | 6 | 0 | ||
Chabot Mobility Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 0 | 0 | |
Fee and commission expense | 824 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,000 | 0 | ||
Deposits | 86 | 0 | ||
Wemade Connect Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 81 | 0 | 0 | |
Insurance income | 3 | 0 | 0 | |
Reversal of credit losses | 1 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 12,000 | 0 | ||
Loans measured at amortized cost (gross amount) | 52 | 0 | ||
Deposits | 10,370 | 0 | ||
Provisions | 2 | 0 | ||
Insurance liabilities | 2 | 0 | ||
Other liabilities | 28 | 0 | ||
TMAP Mobility Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 226 | 0 | 0 | |
Fee and commission expense | 78 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 30,000 | 0 | ||
Other liabilities | 76 | 0 | ||
Nextrade Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Interest expense | 263 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 56,202 | 0 | ||
Other liabilities | 263 | 0 | ||
WJ Private Equity Fund No.1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 7 | 7 | 5 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 2 | 2 | ||
Deposits | 221 | 260 | ||
UPRISE, Inc. | ||||
Related party transactions [abstract] | ||||
Interest income | 0 | 5 | 2 | |
Interest expense | 3 | 1 | 0 | |
Reversal of credit losses | 0 | 1 | 0 | |
Provision for credit losses | 0 | 0 | 1 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 5,248 | 1,250 | ||
Deposits | 27 | 4,001 | ||
KB-UTC Inno-Tech Venture Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 449 | 471 | 371 | |
KBSP Private Equity Fund No.4 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 211 | 389 | 480 | |
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 561 | 1,198 | 237 | |
JR GLOBAL REIT | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 0 | 0 | 6,210 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
IGIS No.371 Professional Investors' Real Estate Investment Company | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 0 | 0 | 200 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
Koreit Tower Real Estate Investment Trust Company | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 0 | 0 | 2,852 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
2020 KB Fintech Renaissance Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 147 | 147 | 60 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 37 | 0 | ||
KB Material and Parts No.1 PEF | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 353 | 353 | 63 | |
FineKB Private Equity Fund No.1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 641 | 540 | 38 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 160 | 153 | ||
Bluepointpartners Inc. | ||||
Related party transactions [abstract] | ||||
Gains on financial instruments at fair value through profit or loss | 0 | 846 | 0 | |
Losses on financial instruments at fair value through profit or loss | 0 | 0 | 68 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,133 | 2,278 | ||
Channel Corporation | ||||
Related party transactions [abstract] | ||||
Interest expense | 43 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 18,099 | 14,551 | ||
Deposits | 3,000 | 0 | ||
Other liabilities | 21 | 0 | ||
Gomi corporation Inc. | ||||
Related party transactions [abstract] | ||||
Interest income | 61 | 19 | 0 | |
Interest expense | 2 | 1 | 0 | |
Fee and commission income | 1 | 0 | 0 | |
Provision for credit losses | 3 | 13 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 4,000 | 2,500 | ||
Loans measured at amortized cost (gross amount) | 2,234 | 2,233 | ||
Allowances for credit losses | 17 | 12 | ||
Other assets | 5 | 4 | ||
Deposits | 915 | 3,188 | ||
Other liabilities | 1 | 1 | ||
Copin Communications, Inc. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | ₩ 0 | 4,801 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
Go2joy Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | ₩ 1,200 | 1,200 | ||
ClavisTherapeutics, Inc. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,000 | 2,000 | ||
4N Inc. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 200 | 200 | ||
Deposits | 5 | 39 | ||
Xenohelix Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,100 | 2,100 | ||
OKXE Inc. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | ₩ 800 | 800 | ||
NEOMIO CORP. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. | |||
December & Company Inc. | ||||
Related party transactions [abstract] | ||||
Interest expense | ₩ 0 | 0 | 1 | |
Insurance income | 174 | 109 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Deposits | 1 | 1 | ||
Insurance liabilities | 9 | 10 | ||
Banksalad Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 36 | 36 | 36 | |
Fee and commission expense | 17 | 48 | 5 | |
Gains on financial instruments at fair value through profit or loss | 0 | 613 | 1,636 | |
Losses on financial instruments at fair value through profit or loss | 0 | 663 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 10,470 | 9,090 | ||
Wyatt Corp [Member] | ||||
Related party transactions [abstract] | ||||
Insurance income | 142 | 87 | 63 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 6,000 | 6,000 | ||
Deposits | 1 | 1 | ||
Insurance liabilities | 75 | 94 | ||
Hibiscus Fund LP [Member] | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 524 | 372 | 0 | |
Gains on financial instruments at fair value through profit or loss | 0 | 113 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 10,221 | 4,731 | ||
Other assets | 0 | 251 | ||
Other liabilities | 257 | 0 | ||
RMG-KB BioAccess Fund L.P. | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 325 | 57 | 0 | |
Gains on financial instruments at fair value through profit or loss | 0 | 5 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,753 | 353 | ||
IDTECK Co., Ltd. [Member] | ||||
Related party transactions [abstract] | ||||
Insurance income | 0 | 1 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Insurance liabilities | 0 | 1 | ||
Mantisco Co., Ltd. [Member] | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 1 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 3,000 | 3,000 | ||
Loans measured at amortized cost (gross amount) | 15 | 1 | ||
Deposits | 623 | 386 | ||
SuperNGine Co., Ltd. [Member] | ||||
Related party transactions [abstract] | ||||
Interest expense | 0 | 1 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 1,996 | 1,996 | ||
Loans measured at amortized cost (gross amount) | 6 | 2 | ||
Deposits | 17 | 944 | ||
Desilo Inc. [Member] | ||||
Related party transactions [abstract] | ||||
Interest income | 9 | 1 | 0 | |
Provision for credit losses | 0 | 2 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 3,168 | 3,168 | ||
Loans measured at amortized cost (gross amount) | 300 | 301 | ||
Allowances for credit losses | 2 | 2 | ||
Deposits | 1 | 168 | ||
Turing Co., Ltd. [Member] | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 1 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 3,000 | 3,000 | ||
Deposits | 2,788 | 1,054 | ||
IGGYMOB Co., Ltd. [Member] | ||||
Related party transactions [abstract] | ||||
Interest expense | 1 | 1 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 5,000 | 5,000 | ||
Loans measured at amortized cost (gross amount) | 15 | 6 | ||
Deposits | 254 | 2,938 | ||
G1 Playground Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 1,000 | 1,000 | ||
Deposits | 0 | 354 | ||
RMG-KB BP Management Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 77 | 7 | ||
SwatchOn Inc. | ||||
Related party transactions [abstract] | ||||
Interest expense | 5 | 10 | 47 | |
Fee and commission income | 5 | 8 | 9 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | [1] | 0 | 3,345 | |
Loans measured at amortized cost (gross amount) | [1] | 0 | 73 | |
Deposits | [1] | ₩ 0 | 686 | |
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
Key management personnel | ||||
Outstanding balances for related party transactions [abstract] | ||||
Loans measured at amortized cost (gross amount) | ₩ 6,299 | 4,591 | ||
Allowances for credit losses | 3 | 2 | ||
Other assets | 7 | 4 | ||
Deposits | 17,618 | 16,996 | ||
Provisions | 1 | 1 | ||
Insurance liabilities | 2,374 | 2,471 | ||
Other liabilities | 387 | 345 | ||
Checkmate Therapeutics Inc. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 3,200 | 2,200 | ||
Insurance liabilities | 3 | 0 | ||
Pin Therapeutics Inc. | ||||
Related party transactions [abstract] | ||||
Interest expense | 110 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 5,000 | 3,000 | ||
Loans measured at amortized cost (gross amount) | 13 | 0 | ||
Deposits | 6,033 | 0 | ||
Other liabilities | 18 | 0 | ||
K The 15th REIT Co., Ltd. | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 0 | 500 | 0 | |
Insurance income | ₩ 0 | 1 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
KB Bio Private Equity No.3 Ltd. | ||||
Related party transactions [abstract] | ||||
Fee and commission income | ₩ 4,035 | 324 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Description of transactions with related party | Excluded from the Group’s related party as of December 31, 2022. | |||
IMBiologics Corp | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | ₩ 5,000 | 5,000 | ||
Loans measured at amortized cost (gross amount) | 4 | 4 | ||
Paramark KB Fund No 1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 356 | 100 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Other liabilities | 34 | 200 | ||
Kendai Co.,Ltd. | ||||
Related party transactions [abstract] | ||||
Other non-operating expense | 3 | 0 | 0 | |
KB-Badgers Future Mobility ESG Fund No.1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 905 | 0 | 0 | |
KB-KTB Technology Venture Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 600 | 0 | 0 | |
THE CHAEUL FUND NO.1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 82 | 0 | 0 | |
KB-GeneN Medical Venture Fund No.1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 76 | 0 | 0 | |
KB-BridgePole Venture Investment Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 118 | 0 | 0 | |
KB-Kyobo New Mobility Power Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 69 | 0 | 0 | |
KB Co-Investment Private Equity Fund No.1 | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 483 | 0 | 0 | |
Outstanding balances for related party transactions [abstract] | ||||
Other assets | 191 | 0 | ||
KB-NP Green ESG New Technology Venture Capital Fund | ||||
Related party transactions [abstract] | ||||
Fee and commission income | 435 | 0 | ₩ 0 | |
FutureConnect Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 1,499 | 0 | ||
Gushcloud Talent Agency | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 4,165 | 0 | ||
Grinergy [Member] | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | 2,500 | 0 | ||
NexThera Co., Ltd. | ||||
Outstanding balances for related party transactions [abstract] | ||||
Financial assets at fair value through profit or loss | ₩ 2,000 | ₩ 0 | ||
[1]Excluded from the Group’s related party as of December 31, 2022, therefore, the remaining outstanding balances with those entities are not disclosed. |
Related Party Transactions - Su
Related Party Transactions - Summary of Significant Loan Transactions With Related Parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2021 | ||||
Korea Credit Bureau Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | ₩ 36 | ₩ 36 | |||
Loan | 38 | 36 | |||
Collection | (36) | (36) | |||
Ending | 38 | 36 | |||
Incheon Bridge Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 151,489 | 171,758 | |||
Loan | 11 | 7 | |||
Collection | (23,341) | (20,276) | |||
Ending | 128,159 | 151,489 | |||
Star-Lord General Investors Private Real Estate Investment Company No.10 | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 150,000 | ||||
Collection | (706) | ||||
Ending | 149,294 | 0 | |||
KB Star Office Private Real Estate Investment Trust No.1 | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | 10,000 | [2] | 10,000 | |
Loan | 0 | [2] | 0 | [1] | |
Collection | (10,000) | [2] | 0 | [1] | |
Ending | [2] | ₩ 0 | ₩ 10,000 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
RAND Bio Science Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | ₩ 1 | ₩ 1 | |||
Loan | 0 | 1 | |||
Collection | (1) | (1) | |||
Ending | 0 | 1 | |||
SY Auto Capital Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 40,074 | 40,060 | |||
Loan | 40 | 74 | |||
Collection | (74) | (60) | |||
Ending | 40,040 | 40,074 | |||
Food Factory Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 4,216 | 3,872 | |||
Loan | 1,541 | 397 | |||
Collection | (1,716) | (53) | |||
Ending | 4,041 | 4,216 | |||
Paycoms Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 1,269 | 1,226 | |||
Loan | 0 | 43 | |||
Collection | (97) | 0 | |||
Ending | 1,172 | 1,269 | |||
Big Dipper Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 17 | 4 | |||
Loan | 18 | 17 | |||
Collection | (17) | (4) | |||
Ending | 18 | 17 | |||
RMGP Bio-Pharma Investment Fund, L.P. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 5,423 | 4,250 | |||
Loan | 961 | 1,173 | |||
Collection | 0 | 0 | |||
Ending | 6,384 | 5,423 | |||
RMGP Bio-Pharma Investment, L.P. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 14 | 9 | |||
Loan | 3 | 5 | |||
Collection | 0 | 0 | |||
Ending | 17 | 14 | |||
Stratio, Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 1,000 | 1,000 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 1,000 | 1,000 | |||
KB Cape No.1 Private Equity Fund | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 1,591 | 2,000 | |||
Loan | 426 | 0 | |||
Collection | 0 | (409) | |||
Ending | 2,017 | 1,591 | |||
Honest Fund, Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 3,999 | 3,999 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 3,999 | 3,999 | |||
CellinCells Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 2,006 | 2,024 | |||
Loan | 7 | 6 | |||
Collection | (6) | (24) | |||
Ending | 2,007 | 2,006 | |||
KB No.17 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | 1,301 | [2] | 2,687 | |
Loan | 0 | [2] | 0 | [1] | |
Collection | (1,301) | [2] | (1,386) | [1] | |
Ending | [2] | ₩ 0 | ₩ 1,301 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
KB No.18 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | ₩ 3,881 | [2] | ₩ 3,873 | |
Loan | 0 | [2] | 8 | [1] | |
Collection | (3,881) | [2] | 0 | [1] | |
Ending | [2] | ₩ 0 | ₩ 3,881 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
KB No.19 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | ₩ 2,091 | [2] | ₩ 2,055 | |
Loan | 0 | [2] | 36 | [1] | |
Collection | (2,091) | [2] | 0 | [1] | |
Ending | [2] | ₩ 0 | ₩ 2,091 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
KB No.20 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | ₩ 3,135 | [2] | ₩ 3,067 | |
Loan | 0 | [2] | 68 | [1] | |
Collection | (3,135) | [2] | 0 | [1] | |
Ending | [2] | ₩ 0 | ₩ 3,135 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
KB No.21 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | ₩ 0 | ||||
Loan | 2,959 | ||||
Collection | 0 | ||||
Ending | 2,959 | ₩ 0 | |||
KB No.22 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 1,972 | ||||
Collection | 0 | ||||
Ending | 1,972 | 0 | |||
KB No.23 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 2,971 | ||||
Collection | 0 | ||||
Ending | 2,971 | 0 | |||
KB No.24 Special Purpose Acquisition Company | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 6,975 | ||||
Collection | 0 | ||||
Ending | 6,975 | 0 | |||
COSES GT | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 5,445 | 5,430 | |||
Loan | 6 | 15 | |||
Collection | (15) | 0 | |||
Ending | 5,436 | 5,445 | |||
Bomapp Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 19 | [2] | 1,999 | ||
Loan | 0 | [2] | 0 | ||
Collection | (19) | [2] | (1,980) | ||
Ending | [2] | ₩ 0 | ₩ 19 | ||
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
MitoImmune Therapeutics | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | ₩ 7,000 | ₩ 5,000 | |||
Loan | 0 | 2,000 | |||
Collection | 0 | 0 | |||
Ending | 7,000 | 7,000 | |||
UPRISE, Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 1,250 | 750 | |||
Loan | 3,998 | 1,000 | |||
Collection | 0 | (500) | |||
Ending | 5,248 | 1,250 | |||
Channel Corporation | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 14,551 | 4,551 | |||
Loan | 3,548 | 10,000 | |||
Collection | 0 | 0 | |||
Ending | 18,099 | 14,551 | |||
Bioprotect Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 3,557 | 3,264 | |||
Loan | 245 | 293 | |||
Collection | 0 | 0 | |||
Ending | 3,802 | 3,557 | |||
Gomi corporation Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 4,733 | 509 | |||
Loan | 1,534 | 4,233 | |||
Collection | (33) | (9) | |||
Ending | 6,234 | 4,733 | |||
Copin Communications, Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | 4,801 | [2] | 1,500 | |
Loan | 0 | [2] | 3,301 | [1] | |
Collection | (4,801) | [2] | 0 | [1] | |
Ending | [2] | ₩ 0 | ₩ 4,801 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
Go2joy Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | ₩ 1,200 | ₩ 1,200 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 1,200 | 1,200 | |||
ClavisTherapeutics, Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 2,000 | 2,000 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 2,000 | 2,000 | |||
S&E BIO | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 2,000 | 2,000 | |||
Loan | 2,010 | 0 | |||
Collection | 0 | 0 | |||
Ending | 4,010 | 2,000 | |||
Bluepointpartners Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 2,278 | 1,432 | |||
Loan | 0 | 846 | |||
Collection | (145) | 0 | |||
Ending | 2,133 | 2,278 | |||
4N Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 200 | 200 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 200 | 200 | |||
Xenohelix Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 2,100 | 2,100 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 2,100 | 2,100 | |||
Contents First | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 7,277 | 6,146 | |||
Loan | 10,017 | 1,131 | |||
Collection | 0 | 0 | |||
Ending | 17,294 | 7,277 | |||
KB-MDI Centauri Fund LP | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 9,633 | 4,280 | |||
Loan | 7,838 | 5,353 | |||
Collection | 0 | 0 | |||
Ending | 17,471 | 9,633 | |||
OKXE Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 800 | 800 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 800 | 800 | |||
GENINUS Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | 5,872 | [2] | 5,599 | |
Loan | 0 | [2] | 273 | [1] | |
Collection | (5,872) | [2] | 0 | [1] | |
Ending | [2] | ₩ 0 | ₩ 5,872 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
Key management | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | ₩ 4,591 | ₩ 5,153 | |||
Loan | 4,527 | 3,421 | |||
Collection | (2,819) | (3,983) | |||
Ending | 6,299 | 4,591 | |||
Wyatt Corp [Member] | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 6,000 | 6,000 | |||
Loan | 0 | 0 | |||
Collection | 0 | 0 | |||
Ending | 6,000 | 6,000 | |||
Bank salad Co Ltd [Member] | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 9,090 | 9,141 | |||
Loan | 1,380 | 0 | |||
Collection | 0 | (51) | |||
Ending | 10,470 | 9,090 | |||
SwatchOn Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | [1] | 3,418 | [2] | 3,404 | |
Loan | 0 | [2] | 73 | [1] | |
Collection | (3,418) | [2] | (59) | [1] | |
Ending | [2] | ₩ 0 | ₩ 3,418 | [1] | |
Description Of Other Information Of Loans And Receivables Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2021. | |||
Checkmate Therapeutics Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | ₩ 2,200 | ₩ 0 | |||
Loan | 1,000 | 2,200 | |||
Collection | 0 | 0 | |||
Ending | 3,200 | 2,200 | |||
Mantisco Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 3,001 | 0 | |||
Loan | 15 | 3,001 | |||
Collection | (1) | 0 | |||
Ending | 3,015 | 3,001 | |||
IMBiologics Corp | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 5,004 | 0 | |||
Loan | 4 | 5,004 | |||
Collection | (4) | 0 | |||
Ending | 5,004 | 5,004 | |||
Spark Biopharma Inc | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 4,967 | 0 | |||
Loan | 2,517 | 4,967 | |||
Collection | (17) | 0 | |||
Ending | 7,467 | 4,967 | |||
G1 Playground Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 1,000 | 0 | |||
Loan | 0 | 1,000 | |||
Collection | 0 | 0 | |||
Ending | 1,000 | 1,000 | |||
Pin Therapeutics Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 3,000 | 0 | |||
Loan | 2,013 | 3,000 | |||
Collection | 0 | 0 | |||
Ending | 5,013 | 3,000 | |||
Hibiscus Fund LP | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 4,731 | 0 | |||
Loan | 5,490 | 4,731 | |||
Collection | 0 | 0 | |||
Ending | 10,221 | 4,731 | |||
SuperNGine Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 1,998 | 0 | |||
Loan | 6 | 1,998 | |||
Collection | (2) | 0 | |||
Ending | 2,002 | 1,998 | |||
Desilo Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 3,469 | 0 | |||
Loan | 0 | 3,469 | |||
Collection | (1) | 0 | |||
Ending | 3,468 | 3,469 | |||
RMG-KB BioAccess Fund L.P. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 353 | 0 | |||
Loan | 2,400 | 353 | |||
Collection | 0 | 0 | |||
Ending | 2,753 | 353 | |||
RMG-KB BP Management Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 7 | 0 | |||
Loan | 70 | 7 | |||
Collection | 0 | 0 | |||
Ending | 77 | 7 | |||
IGGYMOB Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 5,006 | 0 | |||
Loan | 15 | 5,006 | |||
Collection | (6) | 0 | |||
Ending | 5,015 | 5,006 | |||
Turing Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 3,000 | 0 | |||
Loan | 0 | 3,000 | |||
Collection | 0 | 0 | |||
Ending | 3,000 | 3,000 | |||
Kukka Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 2,490 | ||||
Collection | 0 | ||||
Ending | 2,490 | 0 | |||
ZIPDOC Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 2,000 | ||||
Collection | 0 | ||||
Ending | 2,000 | 0 | |||
Gushcloud Talent Agency | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 4,165 | ||||
Collection | 0 | ||||
Ending | 4,165 | 0 | |||
Grinergy | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 2,500 | ||||
Collection | 0 | ||||
Ending | 2,500 | 0 | |||
NexThera Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 2,000 | ||||
Collection | 0 | ||||
Ending | 2,000 | 0 | |||
Chabot Mobility Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 2,000 | ||||
Collection | 0 | ||||
Ending | 2,000 | 0 | |||
TeamSparta Inc. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 4,001 | ||||
Collection | 0 | ||||
Ending | 4,001 | 0 | |||
FutureConnect Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 1,499 | ||||
Collection | 0 | ||||
Ending | 1,499 | 0 | |||
Wemade Connect Co., Ltd. | |||||
Loans And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | |||||
Beginning | 0 | ||||
Loan | 12,052 | ||||
Collection | 0 | ||||
Ending | ₩ 12,052 | ₩ 0 | |||
[1]Excluded from the Group’s related party as of December 31, 2021.[2]Excluded from the Group’s related party as of December 31, 2022. |
Related Party Transactions - _2
Related Party Transactions - Summary of Significant Borrowing Transactions With Related Parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Korea Credit Bureau Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | ₩ 10,200 | ₩ 19,982 |
Borrowing | 0 | 0 |
Repayment | (1,000) | |
Others | 17,689 | (8,782) |
Ending | 27,889 | 10,200 |
Incheon Bridge Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 35,487 | 39,520 |
Borrowing | 29,217 | 15,000 |
Repayment | (15,000) | (20,000) |
Others | (1,065) | 967 |
Ending | 48,639 | 35,487 |
Jo Yang Industrial Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1 | 2 |
Others | (1) | (1) |
Ending | 0 | 1 |
KB No.17 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1,687 | 1,711 |
Borrowing | 0 | 1,546 |
Repayment | (1,546) | (1,525) |
Others | (141) | (45) |
Ending | 0 | 1,687 |
KB No.18 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 2,077 | 2,101 |
Borrowing | 0 | 2,016 |
Repayment | (2,016) | (2,063) |
Others | (61) | 23 |
Ending | 0 | 2,077 |
KB No.19 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1,013 | 1,053 |
Borrowing | 0 | 1,000 |
Repayment | (1,000) | (1,000) |
Others | (13) | (40) |
Ending | 0 | 1,013 |
KB No.20 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1,681 | 1,716 |
Borrowing | 0 | 1,534 |
Repayment | (1,534) | (1,522) |
Others | (147) | (47) |
Ending | 0 | 1,681 |
CellinCells Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 38 | 260 |
Others | (1) | (222) |
Ending | 37 | 38 |
Stratio, Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 0 | 13 |
Others | (13) | |
Ending | 0 | |
Jungdo Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 4 | 4 |
Ending | 4 | 4 |
Dae-A Leisure Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 17 | 636 |
Repayment | (479) | |
Others | 137 | (140) |
Ending | 154 | 17 |
Aju Good Technology Venture Fund | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 6,286 | 3,093 |
Borrowing | 6,577 | 3,840 |
Repayment | (3,840) | (1,442) |
Others | (1,801) | 795 |
Ending | 7,222 | 6,286 |
KB Pre IPO Secondary Venture Fund No.1 | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 103 | 629 |
Others | (103) | (526) |
Ending | 0 | 103 |
KB Star Office Private Real Estate Investment Trust No.1 | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 2,578 | 4,255 |
Borrowing | 0 | |
Repayment | (2,578) | (1,770) |
Others | 0 | 93 |
Ending | 0 | 2,578 |
SY Auto Capital Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 17 | 6 |
Others | (7) | 11 |
Ending | 10 | 17 |
RAND Bio Science Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 443 | 693 |
Borrowing | 0 | |
Repayment | 0 | (400) |
Others | (440) | 150 |
Ending | 3 | 443 |
Wise Asset Management Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 6 | |
Repayment | (6) | |
Food Factory Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 839 | 1,555 |
Borrowing | 511 | 507 |
Repayment | (1,018) | (500) |
Others | 332 | (723) |
Ending | 664 | 839 |
Acts Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 154 | 18 |
Others | (154) | 136 |
Ending | 0 | 154 |
Big Dipper Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 0 | 1 |
Borrowing | 300 | |
Repayment | (300) | |
Others | 19 | (1) |
Ending | 19 | 0 |
COMPUTERLIFE Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 0 | |
Others | 3 | |
Ending | 3 | 0 |
SKYDIGITAL INC. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 85 | 15 |
Others | (75) | 70 |
Ending | 10 | 85 |
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 904 | 923 |
Borrowing | 0 | 0 |
Repayment | 0 | 0 |
Others | (587) | (19) |
Ending | 317 | 904 |
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1,524 | 8,097 |
Others | 2 | (6,573) |
Ending | 1,526 | 1,524 |
Paycoms Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1 | 1 |
Ending | 1 | 1 |
Spark Biopharma Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 6,015 | |
Borrowing | 41,165 | 1,000 |
Repayment | (27,539) | (3,000) |
Others | (2,107) | 8,015 |
Ending | 17,534 | 6,015 |
NEOMIO CORP. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 535 | |
Others | (535) | |
WJ Private Equity Fund No.1 | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 260 | 349 |
Others | (39) | (89) |
Ending | 221 | 260 |
UPRISE, Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 4,001 | 11 |
Others | (3,974) | 3,990 |
Ending | 27 | 4,001 |
COSES GT Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1,939 | 292 |
Others | (726) | 1,647 |
Ending | 1,213 | 1,939 |
Swatch On Inc. [Member] | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 686 | 3,947 |
Borrowing | 0 | 200 |
Repayment | 0 | (3,501) |
Others | (686) | 40 |
Ending | 0 | 686 |
GOMI CORPORATION | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 3,188 | 37 |
Others | (2,273) | 3,151 |
Ending | 915 | 3,188 |
S&E Bio Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 263 | 1,142 |
Borrowing | 50 | |
Others | 6,106 | (879) |
Ending | 6,419 | 263 |
4N Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 39 | 76 |
Others | (34) | (37) |
Ending | 5 | 39 |
Contents First | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 12,650 | 1,823 |
Borrowing | 10,000 | 20,000 |
Repayment | (16,000) | (11,000) |
Others | (1,640) | 1,827 |
Ending | 5,010 | 12,650 |
December & Company Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1 | 1 |
Ending | 1 | 1 |
GENINUS Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 34,415 | 13,630 |
Repayment | 0 | (5,000) |
Others | (34,415) | 25,785 |
Ending | 0 | 34,415 |
Key management | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 16,996 | 17,167 |
Borrowing | 20,855 | 16,574 |
Repayment | (17,189) | (16,994) |
Others | (3,043) | 249 |
Ending | 17,619 | 16,996 |
Wyatt Corp | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1 | 1 |
Others | 0 | |
Ending | 1 | 1 |
G1 Playground Co Ltd | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 354 | |
Others | (354) | 354 |
Ending | 0 | 354 |
SuperNGine Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 944 | |
Others | (927) | 944 |
Ending | 17 | 944 |
Desilo Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 168 | |
Others | (167) | 168 |
Ending | 1 | 168 |
Turing Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 1,054 | |
Others | 1,734 | 1,054 |
Ending | 2,788 | 1,054 |
Mantisco Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 386 | |
Others | 237 | 386 |
Ending | 623 | 386 |
IGGYMOB Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Beginning | 2,938 | |
Others | (2,684) | 2,938 |
Ending | 254 | ₩ 2,938 |
Iwon Alloy Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Others | 1 | |
Ending | 1 | |
KB No.21 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 2,000 | |
Others | 263 | |
Ending | 2,263 | |
KB No.22 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Others | 1,948 | |
Ending | 1,948 | |
KB No.23 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 2,133 | |
Others | 72 | |
Ending | 2,205 | |
KB No.24 Special Purpose Acquisition Company | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Others | 9,983 | |
Ending | 9,983 | |
Pin Therapeutics Inc | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 21,000 | |
Repayment | (16,200) | |
Others | 1,233 | |
Ending | 6,033 | |
TMAP Mobility Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 80,000 | |
Repayment | (50,000) | |
Ending | 30,000 | |
Nextrade Co., Ltd.1 | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 56,200 | |
Others | 2 | |
Ending | 56,202 | |
ZIPDOC Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Others | 915 | |
Ending | 915 | |
TeamSparta Inc. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 9,000 | |
Repayment | (4,000) | |
Others | 7,502 | |
Ending | 12,502 | |
Chabot Mobility Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Others | 86 | |
Ending | 86 | |
Wemade Connect Co., Ltd. | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 11,010 | |
Repayment | (3,267) | |
Others | 2,627 | |
Ending | 10,370 | |
Channel Corporation | ||
Borrowings And Receivables Gross Amount Related Party Transactions Abstract [Abstract] | ||
Borrowing | 6,000 | |
Repayment | (3,000) | |
Ending | ₩ 3,000 |
Related Party Transactions - _3
Related Party Transactions - Summary of Significant Investment And Collection Transactions With Related Parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | |
Korea Credit Bureau Co., Ltd. | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 0 |
Withdrawal and others | 0 | 90 |
Balhae Infrastructure Company | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 279 |
Withdrawal and others | 26,054 | 3,620 |
KB SPROTT Renewable Private Equity Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 12,247 | 0 |
Withdrawal and others | 0 | 0 |
KB Social Impact Investment Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 1,500 |
Withdrawal and others | 0 | 0 |
KB-Stonebridge Secondary Private Equity Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 4,369 | 10,734 |
Withdrawal and others | 4,216 | 10,992 |
KB-Solidus Global Healthcare Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | 19,630 | 0 |
KB-UTC Inno-Tech Venture Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 5,085 |
Withdrawal and others | 0 | 0 |
KB-KDBC Pre-IPO New Technology Business Investment Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | 5,200 | 3,000 |
POSCO-KB Shipbuilding Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | 950 | 5,925 |
KB GwS Private Securities Investment Trust | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | ₩ 0 | ₩ 188,836 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
Aju Good Technology Venture Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 0 |
Withdrawal and others | 5,400 | 769 |
KB-TS Technology Venture Private Equity Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 1,510 |
Withdrawal and others | 4,536 | 2,976 |
Keystone-Hyundai Securities No. 1 Private Equity Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | ₩ 0 | ₩ 1,925 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
KB-Brain KOSDAQ Scale-up New Technology Business Investment Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 8,000 |
Withdrawal and others | 12,800 | 8,200 |
KB Star Office Private Real Estate Investment Trust No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | ₩ 26,240 | ₩ 601 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
KB-SJ Tourism Venture Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 500 |
Withdrawal and others | 400 | 0 |
KB Pre IPO Secondary Venture Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | ₩ 1,429 | ₩ 292 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 1,320 | ₩ 6,968 |
Withdrawal and others | 4,706 | 0 |
Project Vanilla Co., Ltd. | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | ₩ 525 | ₩ 0 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 0 |
Withdrawal and others | ₩ 5 | ₩ 1,950 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
JR GLOBAL REIT | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 0 |
Withdrawal and others | ₩ 0 | ₩ 65,025 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
KBKTB Technology Venture Fund [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 11,200 | ₩ 0 |
Withdrawal and others | 0 | 0 |
KBSOLIDUS Healthcare Investment Fund [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 18,000 | 0 |
Withdrawal and others | 0 | 0 |
Paramark KB Fund No.1 [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 12,444 | 0 |
Withdrawal and others | 2,285 | 0 |
FineKB Private Equity Fund No.1 [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 7,500 | 8,375 |
Withdrawal and others | 3,100 | 0 |
KB Bio Private Equity No.3 Ltd. [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 10,000 |
Withdrawal and others | ₩ 10,000 | ₩ 0 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
K The 15th REIT Co Ltd. [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 8,600 |
Withdrawal and others | ₩ 0 | ₩ 8,600 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
G Payment Joint Stock Company [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 0 | ₩ 9,029 |
Withdrawal and others | 0 | 0 |
Four Ninety Eight Seventh Owners L L C [Member] | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 0 | 0 |
Withdrawal and others | ₩ 166,851 | ₩ 0 |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
KB-GeneN Medical Venture Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 2,000 | ₩ 0 |
Withdrawal and others | 0 | ₩ 0 |
KB-BridgePole Venture Investment Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 850 | |
KB-Kyobo New Mobility Power Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 3,000 | |
DAFriend New Technology Investment Fund No.2 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 988 | |
Cornerstone Pentastone Fund No.4 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 818 | |
SKSVLP New Technology Investment Fund No.2 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 1,156 | |
JS Private Equity Fund No.3 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 1,700 | |
Mirae Asset Mobility Investment Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 2,000 | |
KBFT 1st Green Growth Investment Fund1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 2,000 | |
THE CHAEUL FUND NO.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 1,000 | |
Star-Lord General Investors Private Real Estate Investment Company No.10 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 46,700 | |
Withdrawal and others | 10 | |
KB Co-Investment Private Equity Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 7,268 | |
Glenwood Credit Private Equity Fund No.2 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 42,000 | |
Apollo REIT PropCo LLC | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 19,968 | |
Withdrawal and others | ₩ 19,968 | |
Description Of Other Information Of Investments And Collections Gross Amount Related Party Transactions | Excluded from the Group’s related party as of December 31, 2022. | Excluded from the Group’s related party as of December 31, 2022. |
TMAP Mobility Co., Ltd. | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 200,000 | |
POSITIVE Sobujang Venture Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 2,000 | |
History 2022 Fintech Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 2,000 | |
PEBBLESMW M.C.E New Technology Investment Fund 1st | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 2,000 | |
KBNP Green ESG New Technology Venture Capital Fund | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 9,350 | |
Nextrade Co., Ltd. | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 9,700 | |
KBBadgers Future Mobility ESG Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 2,137 | |
Shinhan Global Mobility Fund1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | 1,345 | |
SKB Next Unicorn KBattery Fund No.1 | ||
Investments And Collections Gross Amount Related Party Transactions Abstract [Abstract] | ||
Equity investments | ₩ 1,995 |
Related Party Transactions - _4
Related Party Transactions - Summary of unused Commitments To Related Parties (Details) ₩ in Millions, RM in Millions, $ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 MYR (RM) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 MYR (RM) | |
Balhae Infrastructure Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | ₩ 6,154 | ₩ 6,154 | |||||
Korea Credit Bureau Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 562 | 565 | |||||
Key management personnel | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Loan commitments in Korean won | 2,354 | 2,018 | |||||
Incheon Bridge Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Loan commitments in Korean won | 20,000 | 20,000 | |||||
Unused lines Of Credit for credit Card | 89 | 93 | |||||
KoFC POSCO HANWHA KB Shared Growth Private Equity Fund No. 2 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Commitments On Loss Absorption Priority | [1] | 0 | 10,000 | ||||
SY Auto Capital Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 110 | 98 | |||||
Food Factory Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 52 | 82 | |||||
KB No.18 Special Purpose Acquisition Company | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | [1] | 0 | 15 | ||||
KB No.19 Special Purpose Acquisition Company | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | [1] | 0 | 1 | ||||
CellinCells Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 17 | 18 | |||||
RAND Bio Science Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 25 | 24 | |||||
Big Dipper Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 27 | 43 | |||||
SwatchOn Inc | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | [1] | 0 | 127 | ||||
Gomi corporation Inc | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 16 | 2 | |||||
COSES GT Co., Ltd | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 24 | 15 | |||||
GENINUS Inc. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | [1] | 0 | 43 | ||||
Spark Biopharma Inc | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 33 | 33 | |||||
IGGYMOB Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 35 | 14 | |||||
KB Pre IPO Secondary Venture Fund No.1 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Commitments On Loss Absorption Priority | [1] | 0 | 1,671 | ||||
KB-TS Technology Venture Private Equity Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 110 | 616 | |||||
KB SPROTT Renewable Private Equity Fund No.1 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 5,140 | 18,704 | |||||
KB-Stonebridge Secondary Private Equity Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 864 | 5,579 | |||||
KB-Solidus Global Healthcare Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Commitments On Loss Absorption Priority | 4,500 | 4,500 | |||||
Purchase Of Securities | 2,120 | 2,120 | |||||
KB-NAU Special Situation Corporate Restructuring Private Equity Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 15,288 | 16,608 | |||||
All Together Korea Fund No.2 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 990,000 | 0 | |||||
KB-KTB Technology Venture Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 11,200 | 22,400 | |||||
KBSOLIDUS Healthcare Investment Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 70,200 | 88,200 | |||||
KB Co-Investment Private Equity Fund No.1 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 15,732 | 20,000 | |||||
FineKB Private Equity Fund No.1 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 9,125 | 16,625 | |||||
Paramark KB Fund No 1 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 17,832 | 27,960 | |||||
RMGP Bio-Pharma Investment Fund, L.P. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | $ | $ 4,094,487 | $ 5,169,932 | |||||
RMGP Bio-Pharma Investment, L.P. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | $ | 10,731 | 12,615 | |||||
KB-MDI Centauri Fund LP | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | $ | 1,744,518 | 6,622,923 | |||||
Hibiscus Fund LP | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | RM | RM 16,666,667 | RM 33,333,333 | |||||
RMG KB BP Management Ltd | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | $ | 699,733 | 616,170 | |||||
RMG KB BioAccess Fund LP | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | $ | $ 27,428,899 | $ 29,702,324 | |||||
Mantisco Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 15 | 29 | |||||
IMBiologics Corp | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 18 | 18 | |||||
SuperNGine Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 14 | 18 | |||||
KBNP Green ESG New Technology Venture Capital Fund | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 40,650 | 0 | |||||
KBBadgers Future Mobility ESG Fund No.1 | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Purchase Of Securities | 42,863 | 0 | |||||
Wemade Connect Co., Ltd. [Member] | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 148 | 0 | |||||
ZIPDOC Inc. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 0 | 0 | |||||
Desilo Inc. [Member] | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 0 | 0 | |||||
S&E Bio Co., Ltd. | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 40 | 0 | |||||
Grinergy [Member] | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 10 | 0 | |||||
Pin Therapeutics Inc | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | 37 | 0 | |||||
KB No.23 Special Purpose Acquisition Company [Member] | |||||||
Disclosure Of Unused Commitments To Related Parties Line Items [Line Items] | |||||||
Unused lines Of Credit for credit Card | ₩ 12 | ₩ 0 | |||||
[1]Excluded from the Group’s related party as of December 31, 2022. |
Related Party Transactions - _5
Related Party Transactions - Summary of Compensation To Key Management (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [line items] | |||
Short-term employee benefits | ₩ 26,539 | ₩ 22,033 | ₩ 20,026 |
Post-employment benefits | 1,347 | 1,432 | 1,068 |
Share-based payments | 19,919 | 26,079 | 13,303 |
Total | 47,805 | 49,544 | 34,397 |
Registered directors (executive) | |||
Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [line items] | |||
Short-term employee benefits | 8,725 | 8,152 | 8,111 |
Post-employment benefits | 863 | 966 | 672 |
Share-based payments | 7,487 | 11,655 | 6,369 |
Total | 17,075 | 20,773 | 15,152 |
Registered directors (non-executive) | |||
Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [line items] | |||
Short-term employee benefits | 1,058 | 1,061 | 1,133 |
Post-employment benefits | 0 | 0 | 0 |
Share-based payments | 0 | 0 | 0 |
Total | 1,058 | 1,061 | 1,133 |
Non-registered directors | |||
Disclosure of amounts incurred by entity for provision of key management personnel services provided by separate management entities [line items] | |||
Short-term employee benefits | 16,756 | 12,820 | 10,782 |
Post-employment benefits | 484 | 466 | 396 |
Share-based payments | 12,432 | 14,424 | 6,934 |
Total | ₩ 29,672 | ₩ 27,710 | ₩ 18,112 |
Related Party Transactions - _6
Related Party Transactions - Summary of Collateral Received From Related Parties (Details) - KRW (₩) ₩ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
KB Star Office Private Real Estate Investment Trust No.1 | Real estate | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
Provision of guarantees or collateral to entity, related party transactions | ₩ 0 | ₩ 13,000 |
Incheon Bridge Co., Ltd. | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
senior collateral | 611,000 | |
subordinated collateral | 384,800 | |
certificate of credit guarantee | 400,000 | |
Key management personnel | Time deposits and others | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
Provision of guarantees or collateral to entity, related party transactions | 457 | 745 |
Key management personnel | Real estate | ||
Details Of Collateral Received From Related Parties Line Items [Line Items] | ||
Provision of guarantees or collateral to entity, related party transactions | ₩ 7,483 | ₩ 5,176 |
Events after the reporting pe_2
Events after the reporting period - Additional Information (Details) $ / shares in Units, $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Feb. 07, 2023 KRW (₩) shares | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Feb. 06, 2023 $ / shares | |
Statement [Line Items] | ||||
Cancellation of treasury shares | ₩ 0 | $ 0 | ||
Events After Reporting Period [Member] | ||||
Statement [Line Items] | ||||
Number Of treasury Stock Shares Acquired | shares | 5,385,996 | |||
Cancellation of treasury shares | ₩ | ₩ 300,000 | |||
Per Share Price For Calculating The Value Of Treasury Shares Per Share | $ / shares | $ 55,700 |
Approval of Issuance of the C_2
Approval of Issuance of the Consolidated Financial Statements - Additional Information (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Approval of Issuance of the Consolidated Financial Statements [Abstract] | |
Date Of Authorisation For Issue Of Financial Statements | Apr. 26, 2023 |
Parent Company Information - Su
Parent Company Information - Summary of Condensed Statements Of Financial Position (Details) $ in Thousands, ₩ in Millions | Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 KRW (₩) | Dec. 31, 2019 KRW (₩) | |||
Assets | |||||||||
Cash and due from financial institutions | ₩ 32,063,421 | $ 25,443,525 | ₩ 31,009,374 | ||||||
Financial assets at fair value through profit or loss | 64,935,344 | 51,528,626 | 66,005,815 | ||||||
Other assets | 28,437,529 | 22,566,244 | 28,174,173 | ||||||
Total assets | 701,170,848 | [1] | 556,405,314 | 663,895,834 | [1] | ||||
Liabilities and shareholders' equity | |||||||||
Debentures | 68,698,203 | 54,514,596 | 67,430,188 | ||||||
Other liabilities | 40,140,365 | 31,852,882 | 43,130,482 | ||||||
Shareholders' equity | 49,642,914 | 39,393,510 | 48,293,920 | $ 38,323,033 | ₩ 43,402,357 | ₩ 39,149,975 | |||
Total liabilities and equity | 701,170,848 | $ 556,405,314 | 663,895,834 | ||||||
Parent Company | |||||||||
Assets | |||||||||
Cash and due from financial institutions | 351,056 | 608,076 | |||||||
Financial assets at fair value through profit or loss | 1,522,314 | 440,760 | |||||||
Loans at amortized cost | 522,326 | 249,128 | |||||||
Banking subsidiaries | [2] | 14,821,721 | 14,821,721 | ||||||
Nonbanking subsidiaries | [2] | 11,919,717 | 11,919,717 | ||||||
Other assets | 1,316,693 | 831,977 | |||||||
Total assets | 30,453,827 | 28,871,379 | |||||||
Liabilities and shareholders' equity | |||||||||
Debentures | 4,956,949 | 5,552,791 | |||||||
Other liabilities | 1,265,062 | 805,614 | |||||||
Shareholders' equity | 24,231,816 | 22,512,974 | |||||||
Total liabilities and equity | ₩ 30,453,827 | ₩ 28,871,379 | |||||||
[1]Assets and liabilities of the reporting segments are amounts before intersegment transactions.[2]Investments in subsidiaries were accounted at cost method in accordance with IAS No.27. |
Parent Company Information - _2
Parent Company Information - Summary of Condensed Statements Of Comprehensive Income (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Expense | ||||
Interest expense | ₩ 7,675,584 | $ 6,090,863 | ₩ 3,981,306 | ₩ 4,763,473 |
Profit before income tax expense | 5,795,626 | 4,599,046 | 6,081,606 | 4,779,972 |
Income tax benefit (expense) | (1,622,387) | (1,287,425) | (1,697,225) | (1,264,394) |
Profit for the year | 4,173,239 | 3,311,621 | 4,384,381 | 3,515,578 |
Other comprehensive gain(loss) for the year, net of tax | (3,511,437) | (2,786,457) | 222,758 | 472,270 |
Total comprehensive income for the year | 661,802 | $ 525,165 | 4,607,139 | 3,987,848 |
Parent Company | ||||
Income | ||||
Dividends from subsidiaries | 1,871,223 | 1,617,949 | 1,573,411 | |
Interest from subsidiaries | 17,310 | 7,897 | 3,519 | |
Other income | 52,777 | 30,953 | 22,749 | |
Total income | 1,941,310 | 1,656,799 | 1,599,679 | |
Expense | ||||
Interest expense | 112,353 | 120,469 | 132,437 | |
Non-interest expense | 159,708 | 99,745 | 87,876 | |
Total expense | 272,061 | 220,214 | 220,313 | |
Profit before income tax expense | 1,669,249 | 1,436,585 | 1,379,366 | |
Income tax benefit (expense) | 15,263 | 2,281 | 49 | |
Profit for the year | 1,684,512 | 1,438,866 | 1,379,415 | |
Other comprehensive gain(loss) for the year, net of tax | 2,483 | (298) | (368) | |
Total comprehensive income for the year | ₩ 1,686,995 | ₩ 1,438,568 | ₩ 1,379,047 |
Parent Company Information - _3
Parent Company Information - Summary of Condensed Statements Of Cash Flows (Details) $ in Thousands, ₩ in Millions | 12 Months Ended | |||
Dec. 31, 2022 KRW (₩) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 KRW (₩) | Dec. 31, 2020 KRW (₩) | |
Operating activities | ||||
Net income | ₩ 4,173,239 | $ 3,311,621 | ₩ 4,384,381 | ₩ 3,515,578 |
Reconciliation of net income to net cash provided by operating activities: | ||||
Net cash inflow (outflow) from operating activities | 5,686,084 | 4,512,120 | (2,025,390) | (8,410,972) |
Investing activities | ||||
Other investing activities, net | (21,456) | (17,026) | 75,105 | 142,961 |
Net cash outflow from investing activities | (20,285,715) | (16,097,474) | (3,856,014) | (10,988,410) |
Financing activities | ||||
Increases in debentures | 107,607,314 | 85,390,432 | 121,767,039 | 119,705,016 |
Issuance of hybrid securities | 1,596,030 | 1,266,510 | 1,142,233 | 1,296,783 |
Net cash inflow from financing activities | 15,318,243 | 12,155,599 | 10,821,398 | 25,262,276 |
Net increase (decrease) in cash and cash equivalents | 889,251 | 705,654 | 5,181,538 | 5,601,229 |
Increase in beginning balance of cash and cash equivalents | 25,273,273 | 20,055,288 | 20,091,735 | 14,490,506 |
Increase in ending balance of cash and cash equivalents | 26,162,524 | $ 20,760,942 | 25,273,273 | 20,091,735 |
Parent Company | ||||
Operating activities | ||||
Net income | 1,684,512 | 1,438,866 | 1,379,415 | |
Reconciliation of net income to net cash provided by operating activities: | ||||
Other operating activities, net | 7,807 | (92,785) | 9,930 | |
Net cash inflow (outflow) from operating activities | 1,692,319 | 1,346,081 | 1,389,345 | |
Investing activities | ||||
Net payments to subsidiaries | (219,268) | (2,347,543) | ||
Other investing activities, net | (1,409,500) | (39,477) | (146,477) | |
Net cash outflow from investing activities | (1,409,500) | (258,745) | (2,494,020) | |
Financing activities | ||||
Net increase (decrease) in borrowings | (100,000) | 100,000 | ||
Increases in debentures | 498,898 | 389,405 | 1,537,091 | |
Repayments of debentures and lease liabilities | (1,100,584) | (970,535) | (940,610) | |
Issuance of hybrid securities | 1,596,000 | 1,142,203 | 1,296,693 | |
Cash dividends paid | (1,564,153) | (1,053,417) | (883,952) | |
Net cash inflow from financing activities | (569,839) | (592,344) | 1,109,222 | |
Net increase (decrease) in cash and cash equivalents | (287,020) | 494,992 | 4,547 | |
Increase in beginning balance of cash and cash equivalents | 518,073 | 23,081 | 18,534 | |
Increase in ending balance of cash and cash equivalents | ₩ 231,053 | ₩ 518,073 | ₩ 23,081 |