Details of associates as of December 31, 2017, are as follows:
| Percentage of ownership (%) | Location | Date of financial statements |
||||||||||||
| 2016 | 2017 | |||||||||||||
|
Korea Information & Technology Fund |
33.3 | % | 33.3 | % | Korea | 31-Dec | ||||||||
|
KT-SB Venture Investment1 |
50.0 | % | 50.0 | % | Korea | 31-Dec | ||||||||
|
Mongolian Telecommunications1 |
40.0 | % | — | Mongolia | 31-Dec | |||||||||
|
KT Wibro Infra Co., Ltd. |
26.2 | % | — | Korea | 31-Dec | |||||||||
|
KT-IBKC Future Investment Fund 11 |
50.0 | % | 50.0 | % | Korea | 31-Dec | ||||||||
|
KT-CKP New Media Investment Fund |
49.7 | % | 49.7 | % | Korea | 31-Dec | ||||||||
|
K Bank Inc.1 |
— | 10.0 | % | Korea | 31-Dec | |||||||||
| 1 | At the end of the reporting period, even though the Group (KT-SB Venture Investment Fund and KT-IBKC Future Investment Fund 1) has 50% ownership, the equity method of accounting has been applied as the Group, which is a limited partner of investment fund, cannot participate in determining the operating and financial policies. As of December 31, 2017, the entire shares of Mongolian Telecommunications is classified as assets held for sale, and KT Wibro Infra Co., Ltd. was liquidated during 2017. Also, 8% of non-voting convertible stock are excluded from percentage of ownership for K bank Inc. |