Net Defined Benefit Liability (Asset) (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Disclosure of defined benefit plans [abstract] |
|
| Summary of details of net defined benefit liability (asset) |
| (1) |
Details of net defined benefit liability (asset) are as follows (Unit: Korean Won in millions): |
|
|
|
|
|
|
|
|
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| |
|
|
|
|
|
|
Present value of defined benefit obligation |
|
|
1,751,605 |
|
|
|
1,982,526 |
|
|
|
|
|
|
|
|
|
|
Fair value of plan assets (*) |
|
|
(1,892,290 |
) |
|
|
(2,157,163 |
) |
|
|
|
|
|
|
|
|
|
Net defined benefit liabilities (assets) (*) |
|
|
(140,685 |
) |
|
|
(174,637 |
) |
Intercompany transaction adjustments |
|
|
— |
|
|
|
269,170 |
|
|
|
|
|
|
|
|
|
|
Net defined benefit liabilities (assets) (after intercompany offsets) |
|
|
(140,685 |
) |
|
|
94,533 |
|
|
|
|
|
|
|
|
|
|
(*) |
The amount before intercompany offsets within the consolidated entity. |
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| Summary of changes in the carrying value of defined benefit obligation |
(2) |
Changes in the carrying value of defined benefit obligation are as follows (Unit: Korean Won in millions): |
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|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the years ended December 31 |
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| |
|
|
|
|
|
|
|
|
|
Beginning balance |
|
|
1,377,545 |
|
|
|
1,574,087 |
|
|
|
1,751,605 |
|
Current service cost |
|
|
132,302 |
|
|
|
143,051 |
|
|
|
161,468 |
|
|
|
|
— |
|
|
|
— |
|
|
|
28,060 |
|
Interest cost |
|
|
72,683 |
|
|
|
70,959 |
|
|
|
76,312 |
|
Remeasurements |
|
Financial assumption |
|
|
70,284 |
|
|
|
88,078 |
|
|
|
(36,629 |
) |
|
|
Demographic
assumptions |
|
|
— |
|
|
|
(264 |
) |
|
|
2,767 |
|
|
|
Experience adjustments |
|
|
13,926 |
|
|
|
(18,547 |
) |
|
|
37,161 |
|
Retirement benefit paid |
|
|
(92,146 |
) |
|
|
(101,008 |
) |
|
|
(136,267 |
) |
Foreign currencies translation adjustments |
|
|
80 |
|
|
|
401 |
|
|
|
779 |
|
Changes due to business combinations |
|
|
— |
|
|
|
— |
|
|
|
101,464 |
|
Others |
|
|
(587 |
) |
|
|
(5,152 |
) |
|
|
(4,194 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
|
1,574,087 |
|
|
|
1,751,605 |
|
|
|
1,982,526 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(*) |
This was caused by changes in the criteria for assessing ordinary wages during the year ended December 31, 2025. |
|
| Summary of changes in the plan assets |
(3) |
Changes in the plan assets are as follows (Unit: Korean Won in millions): |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the years ended December 31 |
|
| |
|
|
|
|
|
|
|
|
|
Beginning balance |
|
|
1,661,623 |
|
|
|
1,807,408 |
|
|
|
1,892,290 |
|
Interest income |
|
|
91,550 |
|
|
|
84,981 |
|
|
|
78,326 |
|
Remeasurements |
|
|
(23,752 |
) |
|
|
(15,323 |
) |
|
|
(12,240 |
) |
Employer’s contributions |
|
|
175,220 |
|
|
|
115,159 |
|
|
|
261,143 |
|
Retirement benefit paid |
|
|
(94,607 |
) |
|
|
(94,940 |
) |
|
|
(138,874 |
) |
Changes due to business combinations |
|
|
— |
|
|
|
— |
|
|
|
80,980 |
|
Others |
|
|
(2,626 |
) |
|
|
(4,995 |
) |
|
|
(4,462 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance |
|
|
1,807,408 |
|
|
|
1,892,290 |
|
|
|
2,157,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
| Summary of fair value of plan assets |
| (4) |
The fair value of the plan assets by composition as of December 31, 2024 and 2025 are as follows (Unit: Korean Won in millions): |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
Cash and due from banks and others |
|
|
1,892,290 |
|
|
|
2,157,163 |
|
|
| Summary of current service cost, net interest income, loss (gain) on the curtailment or settlement and remeasurements |
(5) |
Amounts related to the defined benefit plan that are recognized in the consolidated statements of comprehensive income are as follows (Unit: Korean Won in millions): |
|
|
|
|
|
|
|
|
|
|
|
|
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| |
|
For the years ended December 31 |
|
| |
|
|
|
|
|
|
|
|
|
Current service cost |
|
|
132,302 |
|
|
|
143,051 |
|
|
|
161,468 |
|
|
|
|
— |
|
|
|
— |
|
|
|
28,060 |
|
Net interest income (expense) |
|
|
(18,867 |
) |
|
|
(14,022 |
) |
|
|
(2,014 |
) |
|
|
|
|
|
|
|
|
|
|
|
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|
Cost recognized in net income |
|
|
113,435 |
|
|
|
129,029 |
|
|
|
187,514 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,962 |
|
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|
84,590 |
|
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|
15,539 |
|
|
|
|
|
|
|
|
|
|
|
|
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|
Cost recognized in total comprehensive income |
|
|
221,397 |
|
|
|
213,619 |
|
|
|
203,053 |
|
|
|
|
|
|
|
|
|
|
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|
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|
(*1) |
This was caused by changes in the criteria for assessing ordinary wages during the year ended December 31, 2025. |
Retirement benefits related to defined contribution plans recognized as expenses are 6,217 million Won, 5,470 million Won and million Won for the years ended December 31, 2023, 2024 and 2025, respectively. |
| Summary of key actuarial assumptions used in net defined benefit liability measurement |
(6) |
Key actuarial assumptions used in net defined benefit liability(asset) measurement are as follows: |
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| |
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|
| Discount rate |
|
4.25% ~ 5.15% |
|
3.68% ~ 4.62% |
|
3.6% ~ 5.48% |
Future wage growth rate |
|
2.24% ~ 5.79% |
|
2.40% ~ 6.01% |
|
2.40% ~ 6.39% |
| Mortality rate |
|
Issued by Korea
Insurance Development
Institute |
|
Issued by Korea
Insurance Development
Institute |
|
Issued by Korea
Insurance Development
Institute |
| Retirement rate |
|
Experience rate for each
employment
classification |
|
Experience rate for each
employment
classification |
|
Experience rate for each
employment
classification | The weighted average maturity of defined benefit liability is a minimum of 4.67 to a maximum 10.64 years.
|
| Summary of sensitivity to actuarial assumptions used in the assessment of defined benefit obligation |
| (7) |
The sensitivity to actuarial assumptions used in the assessment of defined benefit obligation is as follows (Unit: Korean Won in millions): |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
Discount rate |
|
Increase by 1% point |
|
|
(182,522 |
) |
|
|
(166,963 |
) |
| |
Decrease by 1% point |
|
|
213,568 |
|
|
|
192,449 |
|
Future wage growth rate |
|
Increase by 1% point |
|
|
214,942 |
|
|
|
193,539 |
|
| |
Decrease by 1% point |
|
|
(185,974 |
) |
|
|
(170,732 |
) |
|