General administrative expenses and other operating income (expenses)

12 Months Ended

Dec. 31, 2025

Disclosure of general administrative expenses and other operating income (expenses) [Abstract]

General and Administrative Expenses and Other Net Operating Income (Expenses)

40.	GENERAL AND ADMINISTRATIVE EXPENSES AND OTHER NET OPERATING INCOME (EXPENSES)

(1)	Details of general and administrative expenses recognized are as follows (Unit: Korean Won in millions):


			For the years ended December 31
			2023		2024		2025
Employee benefits	Short-term employee benefits	Salaries		1,831,137		1,932,906		2,071,650
		Employee fringe benefits		600,001		640,924		733,487
	Share based payment			12,946		27,629		61,568
	Retirement benefit service costs			119,670		134,514		201,431
	Termination			164,922		1,533		176,387

	Sub-total			2,728,676		2,737,506		3,244,523

Depreciation and amortization				503,035		539,924		580,520
Other general and administrative expenses	Rent			124,355		124,041		127,293
	Taxes and public dues			190,334		202,541		197,412
	Service charges			245,656		257,113		274,880
	Computer and IT related			144,017		142,979		205,504
	Telephone and communication			88,018		93,178		80,253
	Advertising			161,896		156,795		188,960
	Printing			6,072		5,955		5,443
	Traveling			13,364		13,436		13,978
	Supplies			9,156		9,021		8,357
	Insurance premium			14,380		13,852		15,532
	Maintenance			24,932		25,035		24,582
	Water, light, and heating			19,161		19,415		20,590
	Vehicle maintenance			14,725		14,394		11,871
	Others (*)			155,656		113,788		179,923

	Sub-total			1,211,722		1,191,543		1,354,578

Total				4,443,433		4,468,973		5,179,621

(*)	In-house welfare fund contributions amounted to 40,047 million Won and 50,710 million Won for the year ended December 31, 2023 and 2025.

(2)	Details of other operating income recognized are as follows (Unit: Korean Won in millions):


	For the years ended December 31
	2023		2024		2025
Gain on transactions of foreign exchange(*1)		1,428,737		722,827		2,072,682
Gain related to derivatives (designated for hedging)		114,875		192,000		251,270
Gain on fair value hedged items		8,986		25,469		16,141
Others(*2)		288,862		349,033		468,712

Total		1,841,460		1,289,329		2,808,805

(*1)	The Group holds interest rate and currency-related der iv ative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 37. (2).

(*2)	Other income includes gains on disposal of operating lease assets of 255,943 million Won and 372,606 million Won for the years ended December 31, 2024 and 2025, respectively

(3)	Details of other operating expenses recognized are as follows (Unit: Korean Won in millions):


	For the years ended December 31
	2023		2024		2025
Losses on transactions of foreign exchange (*1)		1,295,557		1,754,516		1,190,288
KDIC deposit insurance premium		464,213		509,832		500,480
Contribution to miscellaneous funds		453,805		533,335		528,863
Losses related to derivatives (designated for hedging)		35,583		24,252		624,781
Losses on fair value hedged items		72,601		64,571		92,138
Others (*2)		1,040,424		1,121,479		1,280,617

Total		3,362,183		4,007,985		4,217,167

(*1)	The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 37. (2)

(*2)

Other expenses include 22,349 million Won, 28,509 million Won and 32,495 million Won for intangible asset amortization cost for the years ended December 31, 2023, 2024 and 2025 respectively. In addition, it includes 462,394 million Won, 587,148 million Won and 629,079 million Won for lease depreciation cost for the years ended December 31, 2023, 2024 and 2025, respectively.

(4)	Share-based payment

Details of performance condition share-based payment granted to executives as of December 31, 2024 and 2025 are as follows.

1)	Performance condition share-based payment


Subject to		Shares granted for the year 2021
Type of payment		Cash-settled
Vesting period		January 1, 2021 ~ December 31, 2024
Date of payment		2025-01-01
Fair value (*1)		15,831 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.48%
Expected maturity date		—
Number of shares remaining	As of December 31, 202 5	56,029 shares
	As of December 31, 202 4	1,105,292 shares
Number of shares granted (*2)	As of December 31, 202 5	56,029 shares
	As of December 31, 202 4	1,105,292 shares
Subject to		Shares granted for the year 2022
Type of payment		Cash-settled
Vesting period		January 1, 2022 ~ December 31, 2025
Date of payment		2026-01-01
Fair value (*1)		27,713 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		—
Number of shares remaining	As of December 31, 202 5	960,777 shares
	As of December 31, 202 4	960,777 shares
Number of shares granted (*2)	As of December 31, 202 5	960,777 shares
	As of December 31, 202 4	960,777 shares


Subject to		Shares granted for the year 2023
Type of payment		Cash-settled
Vesting period		January 1, 2023 ~ December 31, 2026
Date of payment		2027-01-01
Fair value (*1)		25,763 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		1 year
Number of shares remaining	As of December 31, 2025	916,849 shares
	As of December 31, 2024	916,849 shares
Number of shares granted (*2)	As of December 31, 2025	916,849 shares
	As of December 31, 2024	916,849 shares
Subject to		Shares granted for the year 2024
Type of payment		Cash-settled
Vesting period		January 1, 2024 ~ December 31, 2027
Date of payment		2028-01-01
Fair value (*1)		23,949 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		2 years
Number of shares remaining	As of December 31, 2025	1,384,504 shares
	As of December 31, 2024	1,384,504 shares
Number of shares granted (*2)	As of December 31, 2025	1,384,504 shares
	As of December 31, 2024	1,384,504 shares
Subject to		Shares granted for the year 2025
Type of payment		Cash-settled
Vesting period		January 1, 2025 ~ December 31, 2028
Date of payment		2029-01-01
Fair value (*1)		22,263 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		3 years
Number of shares remaining	As of December 31, 2025	1,048,842 shares
	As of December 31, 2024	—
Number of shares granted (*2)	As of December 31, 2025	1,048,842 shares
	As of December 31, 2024	—

(*1)

As the amount of payment varies according to the base price (the arithmetic average of the weighted average stock price of transactions in the past one week, the past one month, and the past two months) at the date of payment, the fair value is measured according to the Black-Scholes model based on the base price at the time of each settlement and used for measuring the liability.

(*2)

The number of payable stocks is granted at the initial contract date. This is a system in which the number of shares to be granted is determined based on the evaluation results of long-term performance indicators over a total of four years, including the current year, and the final cash compensation is made by reflecting the stock price at the time of payment. Long-term performance indicators include relative shareholder return, common equity ratio, return on equity, net income, selling, general and administrative expenses ratio, non-performing loan ratio, and performance of assigned duties.

The Group accounts for performance condition share-based payments according to the cash-settled method and the fair value of the liabilities is reflected in the compensation costs by re-measuring every closing period. As of December 31, 2024 and 2025, the carrying amount of the liabilities related to the performance condition share-based payments recognized by the Group amounts to 62,557 million Won and

107,713 million Won, respectively, including the carrying amount of liabilities related to key management of 16,660 million Won and 43,823 million Won, respectively.