Borrowing costs capitalized and the capitalized interest rate for the years ended December 31, 2016 and 2017 were as follows:
2016 | 2017 | |||||||
(in millions of Won) | ||||||||
Weighted average expenditure |
₩ | 1,070,280 | 1,180,563 | |||||
Borrowing costs capitalized |
40,321 | 37,261 | ||||||
Capitalization rate (%) |
3.32 ~ 3.82 | 1.74 ~ 3.45 |