Details of long-term investment securities as of December 31, 2017 and 2016 are as follows:
| (In millions of won) | ||||||||
| December 31, 2017 |
December 31, 2016 |
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Equity securities: |
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|
Marketable equity securities(*1) |
￦ | 589,202 | 526,363 | |||||
|
Unlisted equity securities etc.(*2) |
277,877 | 295,403 | ||||||
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| 867,079 | 821,766 | |||||||
|
Debt securities: |
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Investment bonds |
19,928 | 6,755 | ||||||
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|
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| ￦ | 887,007 | 828,521 | ||||||
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| (*1) | During the year ended December 31, 2016, the Group sold 3,793,756 shares of Loen Entertainment, Inc. to Kakao Corp. in exchange for 1,357,367 shares of Kakao Corp. and ￦218,037 million in cash. In connection with the sale of Loen Entertainment shares, the Group recognized gain on disposal of long-term investment securities amounting to ￦314,745 million. |
| The Group recognized gain on disposal amounting to ￦138,779 million as the Group disposed its entire marketable equity securities of POSCO Co., Ltd. for ￦305,110 million of cash during the year ended December 31, 2016. |
| In addition, the Group sold 1,357,367 shares of Kakao Corp. in exchange for ￦112,649 million in cash during the year ended December 31, 2017. In connection with the sale of Kakao Corp. shares, the Group recognized loss on disposal of long-term investment securities amounting to ￦35,468 million. |
| (*2) | Unlisted equity securities and equity investments whose fair value cannot be measured reliably are recorded at cost. |