Financial Assets at FVTOCI

12 Months Ended

Dec. 31, 2025

Financial assets at fair value through other comprehensive income [Abstract]

9. FINANCIAL ASSETS AT FVTOCI

(1) Details of financial assets at FVTOCI as of December 31, 2024 and 2025 are as follows (Unit: Korean Won in millions):


	December 31, 2024		December 31, 2025
Debt securities:
Korean treasury and government agencies		7,787,052		20,371,690
Financial institutions		25,339,937		32,931,685
Corporates		3,032,609		10,108,432
Bond denominated in foreign currencies		6,763,073		12,974,851
Securities loaned		—		5,674,738

Sub-total		42,922,671		82,061,396

Equity securities		875,074		1,427,885
Loans		—		10,241

Total		43,797,745		83,499,522

(2) Details of equity securities designated as financial assets at FVTOCI as of December 31, 2024 and 2025 are as follows (Unit: Korean Won in millions):


Purpose of acquisition	December 31, 2024		December 31, 2025		Remarks
Investment for strategic business partnership purpose		766,900		1,324,666
Debt-equity swap		108,168		103,219
Others		6		—		Insurance for mutual aid association etc.

Total		875,074		1,427,885

(3) Changes in the loss allowance and gross carrying amount of financial assets at FVTOCI are as follows (Unit: Korean Won in millions):

1) Allowance for credit losses


	For the year ended December 31, 2023
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(11,805	)		—		—		(11,805	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(16,542	)		—		—		(16,542	)
Disposal		1,519			—		—		1,519
Others (*)		(551	)		—		—		(551	)

Ending balance		(27,379	)		—		—		(27,379	)

(*)	Others consist of foreign currencies translation, etc.


	For the year ended December 31, 2024
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(27,379	)		—		—		(27,379	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(8,868	)		—		—		(8,868	)
Disposal		6,788			—		—		6,788
Others (*)		375			—		—		375

Ending balance		(29,084	)		—		—		(29,084	)

(*)	Others consist of foreign currencies translation, etc.


	For the year ended December 31, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(29,084	)		—		—		(29,084	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(10,190	)		—		—		(10,190	)
Disposal		8,182			—		—		8,182
Others (*)		1,888			—		—		1,888

Ending balance		(29,204	)		—		—		(29,204	)

(*)	Others consist of foreign currencies translation, etc.

2) Gross carrying amount


	For the year ended December 31, 2023
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		32,145,758			—		—		32,145,758
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		24,350,759			—		—		24,350,759
Disposal / Repayment		(20,823,293	)		—		—		(20,823,293	)
Gain (loss) on valuation		707,739			—		—		707,739
Amortization based on effective interest method		166,401			—		—		166,401
Others (*)		146,747			—		—		146,747

Ending balance		36,694,111			—		—		36,694,111

(*)	Others consist of foreign currencies translation, etc.


	For the year ended December 31, 2024
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		36,694,111			—		—		36,694,111
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		31,921,268			—		—		31,921,268
Disposal / Repayment		(26,868,486	)		—		—		(26,868,486	)
Gain (loss) on valuation		224,898			—		—		224,898
Amortization based on effective interest method		134,553			—		—		134,553
Others (*)		816,327			—		—		816,327

Ending balance		42,922,671			—		—		42,922,671

(*)	Others consist of foreign currencies translation, etc.


	For the year ended December 31, 2025
	Stage 1			Stage 2		Stage 3		Total

Beginning balance		42,922,671			—		—		42,922,671
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		43,438,838			—		—		43,438,838
Disposal / Repayment		(35,030,082	)		—		—		(35,030,082	)
Gain (loss) on valuation		(1,956,928	)		—		—		(1,956,928	)
Amortization based on effective interest method		216,191			—		—		216,191
Changes due to business combinations		32,515,016			—		—		32,515,016
Others (*)		(34,069	)		—		—		(34,069	)

Ending balance		82,071,637			—		—		82,071,637

(*)	Others consist of foreign currencies translation, etc.

(4) During the years ended December 31, 2024 and 2025, the

Group

sold its equity securities designated as financial assets at FVTOCI in accordance with decision of disposal by the creditors, and the fair values at disposal dates were 155,868 million Won and 10,913 million Won, respectively and cumulative gains and losses at disposal dates were 72,975 million Won in gain and 1,806 million Won in

, respectively.