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Borrowings and Debentures
12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Borrowings and Debentures
18.
Borrowings and Debentures
 
(1)
Short-term borrowings as of December 31, 2022 and 2021 are as follows:
 
(In millions of won)
 
Lender
  
Annual interest

rate (%)
  
Maturity
  
December 31,

2022
    
December 31,

2021
 
BNK Securities. Co.,Ltd.
   4.60    Jan. 20, 2023    100,000         
KEB Hana Bank
   6.62    Oct. 31, 2023      30,000         
Hana Financial Investment Co., Ltd.(*)
   6.30    May. 29, 2023      4,642        4,642  
DB Financial Investment Co., Ltd.(*)
   6.30    May. 29, 2023      2,785        2,785  
Shinhan Financial Investment Co., Ltd.(*)
   6.20    Feb. 20, 2023      5,571        5,571  
              
 
 
    
 
 
 
               142,998        12,998  
              
 
 
    
 
 
 
 
 
(*)
PanAsia Semiconductor Materials LLC., a subsidiary of the Parent Company, has pledged its ₩21,981 million of equity instruments at FVTPL on ₩12,998 million of short-term loans as of December 31, 2022.
 
(2)
Long-term borrowings as of December 31, 2022 and 2021 are as follows:
 
(In millions of won and thousands of other currencies)
 
Lender
  
Annual interest

rate (%)
    
Maturity
    
December 31,

2022
   
December 31,

2021
 
Korea Development Bank(*1)
     1.87        Feb. 10, 2026      40,625       50,000  
Korea Development Bank(*2)
     3M CD + 0.71        Dec. 21, 2022              12,500  
Credit Agricole CIB(*2,3)
     3M CD + 0.82        Dec. 14, 2023        12,500       25,000  
Export Kreditnamnden
     1.70        Apr. 29, 2022             
6,746
(USD 5,690)
 
 
Mizuho bank, Ltd.
     1.35        May. 20, 2024        100,000       100,000  
DBS bank Ltd.
     1.32        May. 28, 2024        200,000       200,000  
DBS bank Ltd.
     2.68        Mar. 10, 2025        200,000        
Credit Agricole CIB
     3.30        Apr. 29, 2024        50,000        
Mizuho Bank, Ltd.
     3.29        Nov. 27, 2023        100,000        
Nonghyup Bank(*4)
     MOR + 1.96        Nov. 17, 2024        40,000        
Credit Agricole CIB
     4.89        Nov. 28, 2025        50,000        
                      
 
 
   
 
 
 
                         793,125       394,246  
Less: present value discount
                       (13     (59
                      
 
 
   
 
 
 
                         793,112       394,187  
Less: current portions
                       (124,987     (41,065
                      
 
 
   
 
 
 
                       668,125       353,122  
                      
 
 
   
 
 
 
 
 
(*1)
The long-term borrowings are to be repaid by installments on an annual basis from 2022 to 2026.
 
(*2)
3M CD rates are
3.98
% and
1.29
% as of December 31, 2022 and 2021, respectively.
 
(*3)
The long-term borrowings are to be repaid by installments on an annual basis from 2020 to 2023.
 
(*4)
6M MOR rates are 4.35% as of December 31, 2022.
 
 
(3)
Debentures as of December 31, 2022 and 2021 are as follows:
 
(In millions of won and thousands of U.S. dollars)
 
    
Purpose
  
Maturity
    
Annual

interest rate (%)
   
December 31,

2022
   
December 31,

2021
 
Unsecured corporate bonds
   Operating and refinancing fund      2022        3.30             140,000  
Unsecured corporate bonds
     2032        3.45       90,000       90,000  
Unsecured corporate bonds
   Operating fund      2023        3.03       230,000       230,000  
Unsecured corporate bonds
     2033        3.22       130,000       130,000  
Unsecured corporate bonds
     2024        3.64       150,000       150,000  
Unsecured corporate bonds
   Refinancing fund      2024        2.82       190,000       190,000  
Unsecured corporate bonds
  
Operating and
refinancing fund
     2022        2.40             100,000  
Unsecured corporate bonds
     2025        2.49       150,000       150,000  
Unsecured corporate bonds
     2030        2.61       50,000       50,000  
Unsecured corporate bonds
   Operating fund      2025        2.66       70,000       70,000  
Unsecured corporate bonds
     2030        2.82       90,000       90,000  
Unsecured corporate bonds
   Operating and refinancing fund      2025        2.55       100,000       100,000  
Unsecured corporate bonds
     2035        2.75       70,000       70,000  
Unsecured corporate bonds
   Operating fund      2026        2.08       90,000       90,000  
Unsecured corporate bonds
     2036        2.24       80,000       80,000  
Unsecured corporate bonds
     2026        1.97       120,000       120,000  
Unsecured corporate bonds
     2031        2.17       50,000       50,000  
Unsecured corporate bonds
   Refinancing fund      2022        2.17             120,000  
Unsecured corporate bonds
     2027        2.55       100,000       100,000  
Unsecured corporate bonds
  
Operating and
refinancing fund
     2032        2.65       90,000       90,000  
Unsecured corporate bonds
  
Operating and
refinancing fund
     2022        2.63             80,000  
Unsecured corporate bonds
   Refinancing fund      2027        2.84       100,000       100,000  
Unsecured corporate bonds
     2023        2.81       100,000       100,000  
Unsecured corporate bonds
     2028        3.00       200,000       200,000  
Unsecured corporate bonds
     2038        3.02       90,000       90,000  
Unsecured corporate bonds
  
Operating and
refinancing fund
     2023        2.33       150,000       150,000  
Unsecured corporate bonds
     2038        2.44       50,000       50,000  
Unsecured corporate bonds
   Operating fund      2022        2.03             180,000  
Unsecured corporate bonds
     2024        2.09       120,000       120,000  
Unsecured corporate bonds
     2029        2.19       50,000       50,000  
Unsecured corporate bonds
     2039        2.23       50,000       50,000  
Unsecured corporate bonds
  
Operating and
refinancing fund
     2022        1.40             120,000  
Unsecured corporate bonds
     2024        1.49       60,000       60,000  
Unsecured corporate bonds
     2029        1.50       120,000       120,000  
Unsecured corporate bonds
     2039        1.52       50,000       50,000  
Unsecured corporate bonds
     2049        1.56       50,000       50,000  
Unsecured corporate bonds
   Operating fund      2022        1.69             230,000  
Unsecured corporate bonds
     2024        1.76       70,000       70,000  
Unsecured corporate bonds
     2029        1.79       40,000       40,000  
Unsecured corporate bonds
     2039        1.81       60,000       60,000  
Unsecured corporate bonds
   Operating and refinancing fund      2023        1.64       170,000       170,000  
 
 
(In millions of won and thousands of U.S. dollars)
 
    
Purpose
  
Maturity
    
Annual

interest rate (%)
   
December 31,

2022
   
December 31,
2021
 
Unsecured corporate bonds
   Operating fund      2025        1.75       130,000       130,000  
Unsecured corporate bonds
     2030        1.83       50,000       50,000  
Unsecured corporate bonds
     2040        1.87       70,000       70,000  
Unsecured corporate bonds
   Refinancing fund      2025        1.40       140,000       140,000  
Unsecured corporate bonds
     2030        1.59       40,000       40,000  
Unsecured corporate bonds
     2040        1.76       110,000       110,000  
Unsecured corporate bonds
   Refinancing fund      2024        1.17       80,000       80,000  
Unsecured corporate bonds
     2026        1.39       80,000       80,000  
Unsecured corporate bonds
     2031        1.80       50,000       50,000  
Unsecured corporate bonds
     2041        1.89       100,000       100,000  
Unsecured corporate bonds
   Refinancing fund      2024        2.47       90,000       90,000  
Unsecured corporate bonds
     2026        2.69       70,000       70,000  
Unsecured corporate bonds
     2041        2.68       40,000       40,000  
Unsecured corporate bonds
          2025        3.80       240,000        
Unsecured corporate bonds
          2027        3.84       70,000        
Unsecured corporate bonds
     2042        3.78       40,000        
Unsecured corporate bonds
          2025        4.00       300,000        
Unsecured corporate bonds
     2027        4.00       95,000        
Unsecured corporate bonds
          2024        4.79       100,000        
Unsecured corporate bonds
     2025        4.73       110,000        
Unsecured corporate bonds
     2027        4.74       60,000        
Unsecured corporate bonds
          2032        4.69       40,000        
Unsecured corporate bonds(*1)
   Operating fund      2022        2.26             150,000  
Unsecured corporate bonds(*1)
  
Operating and
refinancing fund
     2022        2.70             140,000  
Unsecured corporate bonds(*1)
          2023        2.93       80,000       80,000  
Unsecured corporate bonds(*1)
   Refinancing fund      2022        2.00             50,000  
Unsecured corporate bonds(*1)
     2024        2.09       160,000       160,000  
Unsecured corporate bonds(*1)
  
Operating and
refinancing fund
     2022        1.71             80,000  
Unsecured corporate bonds(*1)
          2024        1.71       100,000       100,000  
Unsecured corporate bonds(*1)
          2026        1.86       50,000       50,000  
Unsecured corporate bonds(*1)
   Refinancing fund      2023        1.48       100,000       100,000  
Unsecured corporate bonds(*1)
  
Operating and
refinancing fund
     2025        1.64       100,000       100,000  
 
 
(In millions of won and thousands of U.S. dollars)
 
    
Purpose
  
Maturity
    
Annual

interest rate (%)
    
December 31,

2022
   
December 31,

2021
 
Unsecured corporate bonds(*1)
   Refinancing fund      2025        1.41        160,000       160,000  
Unsecured corporate bonds(*1)
          2024        1.69        100,000       100,000  
Unsecured corporate bonds(*1)
          2025        2.58        100,000       —    
Unsecured corporate bonds(*1)
          2032        2.92        50,000       —    
Unsecured global bonds
   Operating fund      2027        6.63       
506,920
(USD 400,000
 
   
474,200
(USD
400,000
 
 
Unsecured global bonds
          2023        3.75       
633,650
(USD 500,000
 
   
592,750
(USD 500,000
 
Unsecured global bonds(*1)
   Refinancing fund      2023        3.88       
380,190
(USD 300,000
 
   
355,650
(USD 300,000
 
Floating rate notes(*2)
   Operating fund      2025       
3M LIBOR
+ 0.91
 
 
    
380,190
(USD 300,000
 
   
355,650
(USD 300,000
 
                           
 
 
   
 
 
 
         8,385,950       8,448,250  
Less: discounts on bond
 
     (19,256     (21,567
      
 
 
   
 
 
 
         8,366,694       8,426,683  
Less: current portions of bonds
 
     (1,842,599     (1,389,259
      
 
 
   
 
 
 
         6,524,095       7,037,424  
      
 
 
   
 
 
 
 
 
(*1)
Unsecured corporate bonds were issued by SK Broadband Co., Ltd., a subsidiary of the Parent Company.
 
(*2)
3M LIBOR rates are 4.75% and 0.21% as of December 31, 2022 and 2021, respectively.