Financial information

With our storing competitive edge, we continue to achieve outstanding results in all business areas.

Financial highlights

­­­­ Sales

Operating profit

Financial highlights2021   2022   2023   
Sales73,90883,46784,228
Operating profit(loss)4,0583,5511,151
Net profit(loss)1,4151,8631,151
Total assets53,48255,15660,241
Total liabilities33,33832,66436,742
Total shareholder equity20,09822,49223,499

Consolidated, Unit: KRW(bn) 

Statement of financial position

Current/Non-current assets 

Current/Non-current liabilities

Liabilities/Equity

Statement of financial position2021   2022   2023   
Assets53,48155,15660,241
  - Current assets27,48827,48830,341
  - Non-current assets25,99427,66829,900
Liabilities33,38332,66436,742
  - Current liabilities23,62022,33324,160
  - Non-current liabilites9,76410,33212,582
Equity20,09822,49223,499

Consolidated, Unit: KRW(bn)

Income statement

Income statement2021   2022   2023   
Sales

73,908

83,46784,228
Cost of goods sold

55,011

63,23164,425
Gross profit

18,897

20,23619,803
Operating income (loss)

4,058

3,5513,549
Profit (loss) before income tax3,8392,5401,870
Net profit (loss)1,4151,8631,151

Consolidated, Unit: KRW(bn)

Cash flows

Cash flows2021   2022   2023   
Cash and cash equivalents at the beginning of the year5,8966,0526,322
Cash flows from operating activities2,6773,1085,914
Cash flows from investing activities-2,466-3,228-5,290
Cash flows from financing activities-2824481,503
Net increase in case and cash equivalents1602122,165
Cash and cash equivalents at the end of the year6,0526,3228,488

Consolidated, Unit: KRW(bn) 

Financial statements

  • 2023
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    3Q Consolidated financial statements
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    1Q Separate financial statements
  • 2022
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    1Q Separate financial statements
  • 2021
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    3Q Separate financial statements
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    1Q Separate financial statements
  • 2020
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    3Q Separate financial statements
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    2Q Consolidated financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2019
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    4Q Separate financial statements
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    3Q Consolidated financial statements
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    3Q Separate financial statements
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    2Q Consolidated financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2018
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    3Q Separate financial statements
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    1Q Separate financial statements
  • 2017
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    4Q Separate financial statements
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  • 2016
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    1Q Separate financial statements
  • 2015
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    4Q Separate financial statements
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    3Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2014
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    4Q Separate financial statements
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    3Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2013
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    3Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2012
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    3Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2011
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    4Q Separate financial statements
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    3Q Consolidated financial statements
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    3Q Separate financial statements
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    2Q Consolidated financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2010
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    3Q Consolidated financial statements
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    3Q Separate financial statements
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    2Q Consolidated financial statements
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    2Q Separate financial statements
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    1Q Consolidated financial statements
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    1Q Separate financial statements
  • 2009
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    3Q Separate financial statements
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    2Q Separate financial statements
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  • 2008
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    3Q Separate financial statements
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  • 2007
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2006
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    4Q Consolidated financial statements
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    2Q Separate financial statements
  • 2005
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    3Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2004
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    3Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2003
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    3Q Separate financial statements
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    2Q Separate financial statements
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    1Q Separate financial statements
  • 2002
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    4Q Consolidated financial statements
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    4Q Separate financial statements
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    2Q Separate financial statements
  • 2001
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    2001 Audit Report
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    2001 Review Report
  • 2000
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    2000 Audit Report
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    2000 Review Report
  • 1999
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    1999 Audit Report

Credit rating

Global credit rating

Rating agencyCurrent ratingLast evaluation date
Moody’sBaa2 (Stable)February 2023
S&PBBB (Stable)October 2023

Rating definitions of Moody’s and S&P

Moody’s has rating categories, from Aaa to C. and S&P has 10 rating categories, from AAA to D. Ratings from Aaa to Baa are considered investment-graded by Moody’s, and ratings from AAA to BBB are considered investment-graded by S&P. When rating agencies evaluate a credit rating, they also attach a “rating outlook” to each rating. “Positive” means that a rating may be raised, “Negative” means that a rating may be lowered, and “Stable” means that a rating is not likely to change.

ClassificationMoody’sS&PDefinition
Investment gradeAaa

AAA

Highest quality

Aa

AA

High quality (very strong)

A

A

Upper medium grade (strong)

Baa

BBB

Medium grade

Non-investment gradeBa

BB

Lower medium grade(somewhat speculative)

B

B

Low grade (speculative)

Caa

CCC


Poor quality (may default)

CaCCMost speculative
C

C

No Interest being paid or bankruptcy petition filed

-DIn default

Domestic credit rating

Rating agency

Bond

Current rating

Last evaluation date

KIS

AA

June 2023

KR

AA

May 2023

NICE

AA

May 2023

Bond rating definitions

There are 10 rating categories for bond ratings, from AAA to D. While obligors in rating categories AAA to BBB are considered investment-graded, having more than adequate abilities to meet their financial commitments in a timely fashion, those in rating categories BB to C are believed to contain speculative characteristics in terms of their redemption stability. Obligors in category D are in default.

Rating

Definition

AAA

An obligor rated 'AAA' has unquestionable capacity to redeem its financial obligations, and holds extremely low investment risks.

AA

An obligor rated 'AA' has strong capacity to redeem its financial obligations, although its solvency is relatively weaker than the obligors in the AAA category.

A

An obligor rated 'A' has satisfactory capacity to redeem its financial obligations, although it is somewhat more susceptible to the adverse effects of changes in its business and economic environments than the obligors in the AA rating categories.

BBB

An obligor rated 'BBB' has moderate capacity to redeem its financial obligations, although its capacity is more likely to be weakened by the adverse effects of changes in its business and economic environments than the obligors in the A category.

BB

An obligor rated 'BB' currently has the capacity to redeem its financial obligations. However, it's redemption stability contains speculative characteristics that it cannot be guaranteed in the long-term.

B

An obligor rated 'B' is speculative in meeting its financial commitments. Adverse circumstantial changes are likely to impair the obligor's capacity to pay the interests.

CCC

An obligor rated 'CCC' is highly speculative in meeting its financial commitments.

CC

An obligor rated 'CC' is more speculative than the obligors in the CCC category.

C

An obligor rated 'C' has a high default risk and no capacity for redemption.

An obligor rated 'D' is in default.