Securities at Amortized Cost

12 Months Ended

Dec. 31, 2023

Disclosure of securities at amortised cost [Abstract]

Securities at Amortized Cost

9. SECURITIES AT AMORTIZED COST

(1) Details of securities at amortized cost as of December 31, 2022 and 2023 are as follows (Unit: Korean Won in millions):

	December 31, 2022			December 31, 2023
Korean treasury and government agencies		10,083,951			8,143,585
Financial institutions		10,283,631			6,660,465
Corporates		6,237,547			7,235,202
Bond denominated in foreign currencies		1,671,772			1,970,861
Allowance for credit losses		(8,385	)		(13,941	)
Total		28,268,516			23,996,172

(2) Changes in the loss allowance and gross carrying amount of securities at amortized cost are as follows (Unit: Korean Won in millions):

1) Loss allowance

	For the year ended December 31, 2021
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(4,566	)		—		—		(4,566	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(664	)		—		—		(664	)
Others(*)		(5	)		—		—		(5	)
Ending balance		(5,235	)		—		—		(5,235	)

(*) Changes due to foreign currencies translation, etc.

	For the year ended December 31, 2022
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(5,235	)		—		—		(5,235	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(3,151	)		—		—		(3,151	)
Others(*)		1			—		—		1
Ending balance		(8,385	)		—		—		(8,385	)

(*) Changes due to foreign currencies translation, etc.

	For the year ended December 31, 2023
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(8,385	)		—		—		(8,385	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(5,549	)		—		—		(5,549	)
Others(*)		(7	)		—		—		(7	)
Ending balance		(13,941	)		—		—		(13,941	)

(*) Changes due to foreign currencies translation, etc.

2) Gross carrying amount

	For the year ended December 31, 2021
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		17,025,405			—		—		17,025,405
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		6,435,692			—		—		6,435,692
Disposal / Repayment		(6,425,408	)		—		—		(6,425,408	)
Amortization based on effective interest method		14,810			—		—		14,810
Others(*)		41,010			—		—		41,010
Ending balance		17,091,509			—		—		17,091,509

(*) Changes due to foreign currencies translation, etc.

	For the year ended December 31, 2022
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		17,091,509			—		—		17,091,509
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		16,873,194			—		—		16,873,194
Disposal / Repayment		(5,871,234	)		—		—		(5,871,234	)
Amortization based on effective interest method		86,212			—		—		86,212
Others(*)		97,220			—		—		97,220
Ending balance		28,276,901			—		—		28,276,901

(*) Changes due to foreign currencies translation, etc.

	For the year ended December 31, 2023
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		28,276,901			—		—		28,276,901
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		4,244,256			—		—		4,244,256
Disposal / Repayment		(8,727,124	)		—		—		(8,727,124	)
Amortization based on effective interest method		167,219			—		—		167,219
Others(*)		48,861			—		—		48,861
Ending balance		24,010,113			—		—		24,010,113

(*) Changes due to foreign currencies translation, etc.