This document provides condensed consolidated financial statements for Hyundai Card Co., Ltd. and its subsidiaries for the three months and six months ended June 30, 2013 and 2012. It includes the condensed consolidated statements of financial position, comprehensive income, changes in shareholders' equity, and cash flows. It also includes notes to the financial statements and an independent accountants' review report. The independent accountants expressed that the financial statements were fairly presented and that their review did not identify any material misstatements.

1. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013
AND FOR THREE MONTHS AND SIX MONTHS ENDED
JUNE 30, 2013 AND 2012
AND INDEPENDENT ACCOUNTANTS’ REVIEW REPORT

2. Deloitte Anjin LLC
9Fl., One IFC,
23, Yoido-dong,
Youngdeungpo-gu, Seoul
150-876, Korea
Tel: +82 (2) 6676 1000
Fax: +82 (2) 6674 2114
www.deloitteanjin.co.kr
Independent Accountants’ Review Report
English Translation of a Report Originally Issued in Korean
To the Shareholders and Board of Directors of
Hyundai Card Co., Ltd.
We have reviewed the accompanying condensed consolidated financial statements of Hyundai Card Co., Ltd. and its
subsidiaries (collectively, the “Company”). The financial statements consist of the condensed consolidated statement
of financial position as of June 30, 2013, and the related condensed consolidated statements of comprehensive
income for the three months and six months ended June 30, 2013 and 2012, the related condensed consolidated
statements of changes in shareholders’ equity and the related condensed consolidated statements of cash flows for
the six months ended June 30, 2013 and 2012, and a summary of significant accounting policies and other
explanatory information.
Management’s responsibility for the condensed consolidated financial statements
The Company’s management is responsible for the preparation and fair presentation of the accompanying condensed
consolidated financial statements and for such internal control as management determines is necessary to enable the
preparation of condensed consolidated financial statements that are free from material misstatement, whether due to
fraud or error.
Independent accountants’ responsibility
Our responsibility is to express a conclusion on the accompanying condensed consolidated financial statements
based on our reviews.
We conducted our reviews in accordance with standards for review of interim financial statements in the Republic
of Korea. A review is limited primarily to inquiries of company personnel and analytical procedures applied to
financial data, and this provides less assurance than an audit. We have not performed an audit, and accordingly, we
do not express an audit opinion.
Review conclusion
Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying
condensed consolidated financial statements of the Company are not presented fairly, in all material respects, in
accordance with Korean International Financial Standards 1034, Interim Financial Reporting.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited
by guarantee, and its network of member firms, each of which is a legally separate and independent
entity. Please see www.deloitte.com/kr/about for a detailed description of the legal structure of Deloitte
Touche Tohmatsu Limited and its member firms.
Member of Deloitte Touche Tohmatsu Limited

3. Emphasis of matters
As explained in Note 2, the Company applied the effect of changes in accounting policy retrospectively and the
condensed consolidated statement of financial position as of December 31, 2012, and the related condensed
consolidated statement of comprehensive income for the three months and six months ended June 30, 2012, the
related condensed consolidated statement of changes in shareholders’ equity and the related condensed
consolidated statement of cash flows for the six months ended June 30, 2012, were restated applying the
amendments. Meanwhile, our review conclusion is not affected by these matters.
Others
We have also audited the consolidated statement of financial position as of December 31, 2012, and the related
consolidated statement of comprehensive income, the related consolidated statement of changes in shareholders’
equity and the related consolidated statement of cash flows (not presented in the accompanying condensed
consolidated financial statements), all expressed in Korean won, for the year ended December 31, 2012, in
accordance with auditing standards generally accepted in the Republic of Korea. On those consolidated financial
statements, we expressed an unqualified opinion in our independent auditors’ report dated March 12, 2013. In
addition, the restated condensed consolidated statement of financial position as of December 31, 2012, presented for
comparative purposes in the accompanying condensed consolidated financial statements, does not differ, in all
material respects, with the audited consolidated statement of financial position as of December 31, 2012.
August 14, 2013
Notice to Readers
This report is effective as of August 14, 2013, the review report date. Certain subsequent events or circumstances
may have occurred between the accountants’ review report date and the time the accountants’ review report is read.
Such events or circumstances could significantly affect the accompanying condensed consolidated financial
statements and may result in modifications to the accountants’ review report.

4. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
(the “Company”)
CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013
AND FOR THE THREE MONTHS AND SIX MONTHS ENDED
JUNE 30, 2013 AND 2012
The accompanying financial statements, including all footnote disclosures, were prepared by, and are
the responsibility of, the Company.
Chung, Tae Young
Chief Executive Officer

5. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012
(Unit: Korean won)
June 30, 2013 December 31, 2012
ASSETS:
CASH AND BANK DEPOSITS (Notes 5, 28 and 29):
Cash and cash equivalents ￦ 865,320,945,431 ￦ 791,547,295,193
Bank deposits 33,031,500,000 33,029,000,000
Total cash and bank deposits 898,352,445,431 824,576,295,193
INVESTMENT FINANCIAL ASSETS (Note 29):
Financial assets available-for-sale (AFS) 1,766,969,764 1,766,969,764
Total investment financial assets 1,766,969,764 1,766,969,764
CARD ASSETS (Notes 6, 7, 25, 26, 28 and 29):
Card receivables, net of present value discounts, deferred
origination fees and allowance for doubtful accounts 5,845,625,559,580 6,530,709,506,111
Cash advances, net of allowance for doubtful accounts 853,267,645,835 906,232,767,098
Card loans, net of present value discounts, deferred loan
origination fees and allowance for doubtful accounts 2,411,869,135,650 2,270,095,402,706
Total card assets 9,110,762,341,065 9,707,037,675,915
PROPERTY AND EQUIPMENT (Notes 8, 10, 13 and 26):
Land 122,011,816,788 122,011,816,788
Buildings, net of accumulated depreciation 71,996,228,988 60,330,598,734
Vehicles, net of accumulated depreciation 107,175,833 163,464,977
Fixtures and equipment, net of accumulated depreciation 49,975,660,387 56,690,437,564
Finance lease assets 833,502,377 1,389,170,627
Construction in progress 24,862,453,327 23,797,602,168
Total property and equipment 269,786,837,700 264,383,090,858
OTHER FINANCIAL ASSETS
(Notes 5, 7, 17, 28 and 29):
Other accounts receivable, net of allowance for doubtful
accounts 90,786,409,773 85,387,050,368
Accrued revenue, net of allowance for doubtful accounts 45,959,704,180 43,654,761,801
Guarantee deposits 35,739,126,405 52,348,673,218
Derivative assets 15,377,021,745 901,423,501
Total other financial assets 187,862,262,103 182,291,908,888
OTHER NON-FINANCIAL ASSETS
(Notes 7, 9, 23 and 26):
Advanced payments, net of allowance for doubtful
accounts 20,186,257,532 11,254,701,307
Prepaid expenses 47,933,214,416 48,279,724,993
Intangible assets 79,467,176,450 74,664,032,134
Deferred income tax assets 150,798,835,781 135,666,642,303
Others 2,699,366,504 2,342,574,040
Total other non-financial assets 301,084,850,683 272,207,674,777
Total Assets ￦10,769,615,706,746 ￦11,252,263,615,395
(Continued)

6. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012
(Unit: Korean won)
June 30, 2013 December 31, 2012
LIABILITIES AND SHAREHOLDERS’
EQUITY:
BORROWINGS :
Borrowings (Notes 11, 28 and 29) ( ￦ 225,000,000,000 ￦ 487,500,000,000
Bonds payable, net of discounts on bonds
(Notes 12, 28 and 29) 6,324,911,198,166 6,533,175,825,125
Total borrowings 6,549,911,198,166 7,020,675,825,125
RETIREMENT BENEFIT (Note 14)
Retirement benefit obligation 15,220,953,718 10,695,054,186
Total retirement benefit 15,220,953,718 10,695,054,186
OTHER FINANCIAL LIABILITIES
(Notes 13, 17, 26, 28 and 29):
Accounts payable 1,069,898,594,668 1,186,714,518,145
Withholdings 127,969,844,577 123,824,521,370
Accrued expenses 177,832,064,311 139,353,829,793
Finance lease liabilities 882,577,908 1,452,239,137
Derivative liabilities 3,530,260,718 53,554,957,780
Guarantee deposits 8,636,319,004 12,776,716,986
Total other financial liabilities 1,388,749,661,186 1,517,676,783,211
OTHER NON-FINANCIAL LIABILITIES
(Notes 15, 16, 24 and 26):
Withholdings 7,832,724,945 6,968,385,070
Unearned revenue 405,217,899,315 397,830,493,299
Provisions 81,120,429,170 75,687,285,760
Current tax liability 45,250,399,128 30,439,361,053
Total other non-financial liabilities 539,421,452,558 510,925,525,182
SHAREHOLDERS’ EQUITY :
Share capital (Note 18) 802,326,430,000 802,326,430,000
Capital surplus (Note 18) 57,704,443,955 57,704,443,955
Retained earnings (Notes 2, 19 and 21) 1,432,060,825,253 1,348,744,482,014
Reserves (Notes 2, 20 and 27) (15,799,078,090) (16,504,748,278)
Non-controlling interest 19,820,000 19,820,000
Total shareholders’ equity 2,276,312,441,118 2,192,290,427,691
Total Liabilities and Shareholders’ Equity ￦ 10,769,615,706,746 ￦ 11,252,263,615,395
(Concluded)
See accompanying notes to condensed consolidated financial statements.

7. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2013 AND 2012
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
OPERATING REVENUE:
Card income (Notes 26, 29 and
31) ￦ 616,783,626,697 ￦1,208,213,051,219 ￦ 596,020,112,472 ￦1,182,844,074,854
Interest income (Notes 29 and
30) 5,680,294,578 10,521,560,550 4,750,680,827 10,046,723,333
Gain on disposal of financial
assets AFS (Note 29) - 54,123,600 - 67,000,000
Dividends income - 178,460,199 - 232,822,339
Reversal of provision for unused
credit limits (Note 16) 940,010,895 433,850,851 225,277,347 -
Other operating revenue
(Notes 29 and 32) 41,967,458,484 88,073,454,248 18,094,151,750 40,795,771,976
Total operating revenue 665,371,390,654 1,307,474,500,667 619,090,222,396 1,233,986,392,502
OPERATING EXPENSES:
Card expenses (Notes 26, 29 and
31) 272,565,416,432 519,710,918,600 278,513,544,223 529,561,625,310
Interest expenses (Notes 29 and
30) 77,570,269,022 156,988,322,213 86,578,547,921 173,241,397,774
General and administrative
expenses (Notes 2, 14, 22 and
26) 152,084,202,967 295,667,053,019 148,340,448,423 280,412,675,828
Securitization expenses 80,798,501 201,014,017 66,607,876 175,866,798
Bad debt expense and loss on
disposal of loans 59,726,038,074 114,753,837,999 55,872,178,959 98,186,842,299
Transfer to provision for unused
credit limits (Note 16) - - - 1,501,400,815
Other operating expenses (Notes
29 and 32) 52,395,072,571 107,309,280,602 7,349,802,170 29,668,348,002
Total operating expenses 614,421,797,567 1,194,630,426,450 42,369,092,824 1,112,748,156,826
OPERATING INCOME 50,949,593,087 112,844,074,217 42,369,092,824 121,238,235,676
NON-OPERATING INCOME:
Gain from sale of property and
equipment 2,462,612 80,795,812 3,095,000 3,095,000
Rental revenue (Note 26) 716,087,444 1,361,777,309 636,751,664 884,317,757
Miscellaneous gain 50,944,234 95,768,919 50,847,654 103,913,222
Total non-operating income 769,494,290 1,538,342,040 690,694,318 991,325,979
NON-OPERATING
EXPENSES:
Loss from sale of property and
equipment 68,798,990 265,172,190 494,344,877 900,582,338
Donations 91,731,229 593,544,244 9,479,165 81,595,456
Total non-operation expenses 160,530,219 858,716,434 503,824,042 982,177,794
(Continued)

8. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)
FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2013 AND 2012
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
INCOME BEFORE INCOME TAX ￦51,558,557,158 ￦113,523,699,823 ￦ 42,555,963,100 ￦121,247,383,861
INCOME TAX EXPENSE (Notes 2 and
23) 15,445,523,417 30,207,356,584 11,319,520,387 15,135,069,474
INCOME FOR THE PERIOD 36,113,033,741 83,316,343,239 31,236,442,713 106,112,314,387
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD (Notes 2 and 27)
Items not reclassified subsequently to
profit or loss 1,395,085,968 353,903,847 (520,679,587) (398,853,165)
Remeasurements of net defined
benefit liability 1,840,482,807 466,891,619 (686,912,384) (526,191,511)
Income tax effect (445,396,839) (112,987,772) 166,232,797 127,338,346
Items reclassified subsequently to
profit or loss 2,226,143,170 351,766,341 (1,428,784,740) 3,559,790,367
Cash flow hedging gains or losses 2,936,864,341 441,295,306 (1,852,064,135) 4,719,199,909
Income tax effect (710,721,171) (89,528,965) 423,279,395 (1,159,409,542)
Total other comprehensive income
(loss) 3,621,229,138 705,670,188 (1,949,464,327) 3,160,937,202
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD (Note 2) ￦39,734,262,879 ￦ 84,022,013,427 ￦ 29,286,978,386 ￦109,273,251,589
Net income attributable to:
Owners of the Company 36,113,033,741 105,713,461,222 82,271,545,155 156,321,430,145
Non-controlling interests - - - -
Total comprehensive income attributable
to:
Owners of the Company 39,734,262,879 84,022,013,427 29,286,978,386 109,273,251,589
Non-controlling interests - - - -
(Concluded)
See accompanying notes to condensed consolidated financial statements.

9. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
FOR THE SIX MONTHS ENDED JUNE 30, 2013 AND 2012
Share
capital
Capital surplus Reserves
Attributable to
owners of the
Company
Non-
controlling
interests Total
Share
premium
Other
capital
Retained
earnings
Cash flow
hedging
reserves
Remeasurem
ents of the
net defined
benefit
liability
Balance at
January 1,
2012 ￦802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ 1,148,396,655,980 ￦(11,764,319,031) ￦ - ￦ 1,996,663,210,904 ￦ 19,820,000 ￦ 1,996,683,030,904
Changes in
accounting
policy - - - 6,049,230,616 - (6,049,230,616) - - -
Restated
balance 802,326,430,000 45,399,364,539 12,305,079,416 1,154,445,886,596 (11,764,319,031) (6,049,230,616) 1,996,663,210,904 19,820,000 1,996,683,030,904
Comprehensive
income
Net income - - - 106,112,314,387 - - 106,112,314,387 - 106,112,314,387
Other
comprehensi
ve income - - - - 3,559,790,367 (398,853,165) 3,160,937,202 - 3,160,937,202
Acquisition of
subsidiaries - - - - - - - 9,910,000 9,910,000
Balance at
June 30, 2012 802,326,430,000 45,399,364,539 12,305,079,416 1,260,558,200,983 (8,204,528,664) (6,448,083,781) 2,105,936,462,493 29,730,000 2,105,966,192,493
Balance at
January 1,
2013 802,326,430,000 45,399,364,539 12,305,079,416 1,339,725,219,219 (7,485,485,483) - 2,192,270,607,691 19,820,000 2,192,290,427,691
Changes in
accounting
policy - - - 9,019,262,795 - (9,019,262,795) - - -
Restated
balance 802,326,430,000 45,399,364,539 12,305,079,416 1,348,744,482,014 (7,485,485,483) (9,019,262,795) 2,192,270,607,691 19,820,000 2,192,290,427,691
Comprehensive
income
Net income - - - 83,316,343,239 - - 83,316,343,239 - 83,316,343,239
Other
comprehensi
ve income - - - - 351,766,341 353,903,847 705,670,188 - 705,670,188
Balance at
June 30, 2013 ￦802,326,430,000 ￦ 45,399,364,539 ￦12,305,079,416 ￦ 1,432,060,825,253 ￦ (7,133,719,142) ￦ (8,665,358,948) ￦ 2,276,292,621,118 ￦ 19,820,000 ￦ 2,276,312,441,118
See accompanying notes to condensed consolidated financial statements.

10. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED JUNE 30, 2013 AND 2012
(Unit: Korean won)
Six months ended
June 30, 2013
Six months ended
June 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Income for the period ￦ 83,316,343,239 ￦ 106,112,314,387
Income tax expense 30,207,356,584 15,135,069,474
Interest income (10,521,560,550) (10,046,723,333)
Interest expense 156,988,322,213 173,241,397,774
Dividend received (178,460,199) (232,822,339)
Bad debt expense and loss on disposal of receivables 114,753,837,999 98,186,842,299
Retirement benefits 4,961,517,936 4,754,020,152
Depreciation 13,926,213,844 13,278,266,528
Amortization 7,673,834,471 6,920,354,234
Loss on foreign currency translation 64,020,906,906 11,773,479,686
Loss on valuation of derivatives - 799,000,000
(Decrease) increase in provision for unused credit limit (433,850,851) 1,501,400,815
(Decrease) increase in provision for others 9,079,488,327 (899,560,160)
Loss from sale of property and equipment 593,544,244 81,595,456
Other operating losses 649,419,811 140,502,637
Reversal of impairment loss of financial assets AFS (54,123,600) (67,000,000)
Gain on foreign currency translation - (13,249,097)
Gain on valuation of derivatives (64,059,000,000) (11,767,500,000)
Amortization of present value discounts of card asset (9,378,140,749) (23,080,028,495)
Amortization of deferred origination fees of card assets (9,216,903,158) (10,117,027,449)
Gain from sale of property and equipment (80,795,812) (3,095,000)
Other operating gains (98,123,997) (140,502,337)
Changes in working capital:
Decrease (increase) in card assets 499,715,163,929 (191,380,340,206)
Increase in other financial assets (7,746,943,649) (5,799,746,264)
Increase in other non-financial assets (9,928,533,288) (2,402,187,070)
Increase in derivative assets - (12,629,999,999)
Decrease in retirement benefit obligations (1,363,786,702) (1,755,860,759)
Decrease in plan asset 1,404,207,714 658,753,726
Increase in derivative liabilities - 11,724,000,000
Decrease in capital lease liabilities (569,661,229) (540,964,321)
Decrease in other financial liabilities (89,004,730,902) (31,253,267,031)
Increase in other non-financial liabilities 7,492,918,739 26,330,451,805
Cash generated from operating activities
Interest received 10,737,465,816 11,501,389,530
Interest paid (144,477,387,323) (165,480,031,763)
Dividend received 178,460,199 232,822,339
Income tax paid (30,731,028,724) (42,956,545,250)
Net cash (used in) provided by operating activities 627,855,971,238 (28,194,790,031)
(Continued)

11. HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
FOR THE SIX MONTHS ENDED JUNE 30, 2013 AND 2012
(Unit: Korean won)
Six months ended
June 30, 2013
Six months ended
June 30, 2012
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal of financial assets AFS ￦ 54,123,600 ￦ 67,000,000
Disposal of property and equipment 94,432,052 3,100,000
Disposal of intangible assets - 1,250,000,000
Net decrease in deposit 16,504,034,090 9,860,120,861
Net decrease in bank deposit (2,500,000) -
Acquisition of property and equipment (19,870,172,670) (75,042,053,649)
Acquisition of intangible assets (12,599,018,787) (3,806,501,973)
Net cash used in investing activities (15,819,101,715) (67,668,334,761)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in borrowings 2,765,000,000,000 4,190,000,000,000
Proceeds from issue of bonds payable 1,589,863,444,525 1,836,689,791,347
Acquisition of subsidiaries - 9,910,000
Repayment of borrowings (3,027,500,000,000) (4,290,000,000,000)
Repayment of bonds payable (1,865,626,663,810) (1,623,797,000,000)
Net cash (used in) provided by financing activities (538,263,219,285) 112,902,701,347
NET INCREASE IN CASH AND CASH EQUIVALENTS 73,773,650,238 17,039,576,555
CASH AND CASH EQUIVALENTS, BEGINNING OF
THE PERIOD 791,547,295,193 830,022,903,023
CASH AND CASH EQUIVALENTS, END OF THE
PERIOD ￦ 865,320,945,431 ￦ 847,062,479,578
(Concluded)
See accompanying notes to condensed consolidated financial statements.

12. - 3 -
HYUNDAI CARD CO., LTD. AND ITS SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012, AND
FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2013 AND 2012
1. GENERAL:
Hyundai Card Co., Ltd. (the “Parent”), is engaged in the credit card business under the Specialized Credit
Financial Business Law of Korea. On June 15, 1995, the Parent acquired the credit card business of Korea
Credit Circulation Co., Ltd., and on June 16, 1995, the Korean government granted permission to the Parent to
engage in the credit card business.
As of June 30, 2013, the Parent has approximately 8.74 million card members, 2.03 million registered
merchants and 159 marketing centers, branches and posts. Its head office is located in Yoido, Seoul.
As of June 30, 2013, the total common stock of the Parent is ￦802,326 million. The shareholders of the Parent
and their respective ownerships as of June 30, 2013 and December 31, 2012, are as follows:
Shareholder
June 30, 2013 December 31, 2012
Number of shares % of ownership Number of shares % of ownership
Hyundai Motor Co., Ltd. 59,301,937 36.96 50,572,187 31.52
Kia Motors Co., Ltd. 18,422,142 11.48 18,422,142 11.48
Hyundai Steel Co., Ltd. - 0.00 8,729,750 5.44
GE Capital Int'l Holdings 69,000,073 43.00 69,000,073 43.00
Hyundai Commercial Inc. 8,889,622 5.54 8,889,622 5.54
Others 4,851,512 3.02 4,851,512 3.02
Totals 160,465,286 100.00 160,465,286 100.00
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
The Company maintains its official accounting records in the Republic of Korean won (“Won”) and prepares
condensed consolidated financial statements in conformity with Korean statutory requirements and Korean
International Reporting Standards (“K-IFRS”), in Korean language (Hangul). Accordingly, these condensed
consolidated financial statements are intended for use by those who are informed about K-IFRS and Korean
practices. Certain information included in the Korean language financial statements, but not required for a fair
presentation of the Company’s financial position, operating results, changes in shareholders’ equity or cash
flows, is not presented in the accompanying condensed consolidated financial statements.
(1) Basis of Preparation
The Company’s interim consolidated financial statements for the six months ended June 30, 2013, are prepared
in accordance with K-IFRS 1034, Interim Financial Reporting.
The Company’s accounting policies applied for the accompanying interim consolidated financial statements are
the same as the policies applied for the preparation of condensed consolidated financial statements for the year
ended December 31, 2012, except for the effects from the introduction of new and revised accounting standards
or interpretations as described below.

13. - 4 -
1) Accounting standards and interpretations that were newly applied for the six months ended June 30, 2013,
and changes in the Company’s accounting policies are as follows:
Amendment to K-IFRS 1001, Presentation of financial statements: Presentation of Items of Other
Comprehensive Income (Revised)
The amendments to K-IFRS 1001 require the Company to present items in the other comprehensive income
section to be grouped into those that will not be reclassified subsequently to profit or loss, and will be
reclassified subsequently to profit or loss when specific conditions are met. These amendments have an effect
only on presentation of consolidated financial statements and do not have an effect on the Company’s financial
position or operating results. The comparative consolidated financial statements are restated retrospectively
applying the amendments.
K-IFRS 1019, Employee Benefits (Revised)
The amendments to K-IFRS 1019 require the recognition of actuarial gains and losses in other comprehensive
income and hence eliminate the ‘corridor approach’ and ‘immediate recognition in profit and loss approach’
permitted under the previous version. Expected return on plan assets is measured using the discount rate used in
measuring defined benefit obligations instead of using an independent expected return and presented in net
interest on the net defined benefit liability. Meanwhile, the Company shall recognize past service cost as an
expense at the earlier date between when the plan amendment or curtailment occurs and when the entity
recognizes related restructuring costs or termination benefits. The Company applied the effect of changes in
accounting policy retrospectively and the comparative consolidated financial statements are restated
retrospectively applying the amendments.
K-IFRS 1107, Financial Instruments: Disclosures – Offsetting Financial Assets and Financial Liabilities
(Revised)
The amendments to K-IFRS 1107 increase the disclosure requirements to include information about offsetting
financial assets and financial liabilities. The revised accounting standards require disclosure of information on
conditional rights of setoff that are enforceable and exercisable only in the events mentioned in agreements
regardless of meeting some or all of the offsetting criteria in K-IFRS 1032. The Company discloses the
information comparatively (See Note 29 (2)).
K-IFRS 1110, Consolidated Financial Statements (Issued)
The standard supersedes K-IFRS 1027 Consolidated and Separate Financial Statements and SIC-2012
Consolidation – Special Purpose Entities. K-IFRS 1110 establishes a single source of guidance in the
application of definition of control. The standard states that an investor controls an investee when it is exposed,
or has rights, to variable returns from its involvement with the investee and has the ability to affect those
returns through its power over the investee. These enactments referred above do not have an effect on the
Company’s consolidated financial statements and disclosures.
K-IFRS 1111, Joint Arrangements (Issued)
K-IFRS 1111 deals with how a joint arrangement of which two or more parties have joint control should be
determined. Under K-IFRS 1111, joint arrangements are classified as joint operations or joint ventures,
depending on the rights and obligations of the parties to the arrangements. A joint operation is a joint
arrangement whereby the parties that have joint control of the arrangement (i.e., joint operators) have rights to
the assets, and obligations for the liabilities, relating to the arrangement. A joint venture is a joint arrangement
whereby the parties that have joint control of the arrangement (i.e., joint venturers) have rights to the net assets
of the arrangement. Under joint operations, a joint operator recognizes and measures assets, liabilities, related
revenues and expenses in relation to its interest in the arrangement. Under joint ventures, a joint venturer
recognizes an investment and accounts for that investment using the equity method. These enactments referred
above do not have an effect on the Company’s consolidated financial statements and disclosures.

14. - 5 -
K-IFRS 1112, Disclosures of Interests in Other Entities (Issued)
K-IFRS 1112 improves disclosures of reporting entities that have an interest in a subsidiary, a joint
arrangement, an associate or unconsolidated structured entity. The standard requires an entity to disclose the
nature of, and risks associated with, its interests in other entities and the effects of those interests on its
financial position, financial performance and cash flows. The Company discloses the information on interests
in subsidiaries (See Note 4).
K-IFRS 1113, Fair Value Measurements (Issued)
K-IFRS 1113 establishes a single source of guidance for fair value measurements and disclosures about fair
value measurements. The standard defines fair value, establishes a framework for measuring fair value and
requires disclosures about fair value measurements. The standard defines fair value as the price that would be
received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at
the measurement date (i.e., an exit price). When measuring fair value, an entity uses the assumptions that
market participants would use when pricing the asset or liability. The standard explains that a fair value
measurement requires an entity to determine the particular asset or liability being measured, the market in
which an orderly transaction would take place for the asset and liability and the appropriate valuation
techniques to use when measuring fair value. Also, the standard requires wider disclosures about fair value
measurements. These enactments referred above do not have a significant effect on the Company’s
consolidated financial statements and disclosures.
The effects on consolidated statement of financial position and consolidated statement of comprehensive
income by accounting standards and interpretations that were newly applied for the six months ended June 30,
2013, and changes in the Company’s accounting policies are as follows:
(Consolidated statement of financial position)
As of December 31, 2012
Before changes After changes
Attributable to owners of the Company
Share capital and capital surplus ￦ 860,030,873,955 ￦ 860,030,873,955
Retained earnings 1,339,725,219,219 1,348,744,482,014
Reserve (7,485,485,483) (16,504,748,278)
Non-controlling interests 19,820,000 19,820,000
￦ 2,192,290,427,691 ￦ 2,192,290,427,691
(Consolidated statement of comprehensive income)
For the six months ended June 30, 2012
Before changes After changes
Operating income ￦ 120,712,044,165 ￦ 121,238,235,676
Non-operating income 991,325,979 991,325,979
Non-operating expenses 982,177,794 982,177,794
Income before income tax expenses 120,721,192,350 121,247,383,861
Income tax expenses 15,007,731,128 15,135,069,474
Net income for the period 105,713,461,222 106,112,314,387
Other comprehensive income 3,559,790,367 3,160,937,202
Items not reclassified subsequently to
profit or loss - (398,853,165)
Remeasurements of the net defined
benefit liability - (526,191,511)
Income tax effect - 127,338,346
Items reclassified subsequently to
profit or loss 3,559,790,367 3,559,790,367
Cash flow hedging gains or losses 4,719,199,909 4,719,199,909
Income tax effect (1,159,409,542) (1,159,409,542)
Total comprehensive income for the
period ￦ 109,273,251,589 ￦ 109,273,251,589

15. - 6 -
2) The Company has not applied or adopted earlier the following new and revised K-IFRSs that have been
issued but are not yet effective:
K-IFRS 1032 (as revised in 2012), Financial Instruments: Presentation
The amendments to K-IFRS 1032 clarify existing application issue relating to the offset of financial assets and
financial liabilities requirements. The Group’s right of setoff must not be contingent upon any future events but
enforceable anytime during the contract period in all of the circumstances — in the event of default, insolvency
or bankruptcy of the entity or the counterparties as well as in the ordinary course of business. The
amendments to K-IFRS 1032 are effective for annual periods beginning on or after January 1, 2014. The
Company does not anticipate that these amendments referred above will have a significant effect on the
Company’s consolidated financial statements and disclosures.
3. CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY:
In the application of the Company’s accounting policies, management is required to make judgments, estimates
and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other
sources. Actual results may differ from these estimates.
The application of the Company’s accounting policies and the judgments by management on sources of
estimation uncertainty are the same as those of the consolidated financial statements as of December 31, 2012.

16. - 7 -
4. SUBSIDIARY:
Details of the Parent’s subsidiaries as of June 30, 2013 and December 31, 2012, are as follows:
Place of
incorporation and
operation
Voting share (%)
Companies Major operation June 30, 2013 December 31, 2012
End of
reporting
period
PRIVIA 2nd
SPC Asset securitization Korea 0.9 0.9 December
PRIVIA 3rd
SPC Asset securitization Korea 0.9 0.9 January
The subsidiaries were established for the Parent’s business activity. The Parent has a power over the subsidiaries
due to the fact that the Parent involves in the objectives and design of the subsidiaries and exposes to risks and
rewards of them. Also, all the decision makings processes of the subsidiaries are operated on autopilot by
provisions and articles of association. The Parent is considered to have an ability to use power because the Parent
has a control over the changes of provisions and articles of association. By those reasons, the Parent includes the
special-purpose entities under consolidation.
Meanwhile, in case that default occurs by the subsidiaries related to derivative contracts hedging risks arising
from debentures issued for asset securitization, counterparties of the derivative contracts can claim for
reimbursement to the Parent.
5. RESTRICTED CASH AND DEPOSITS:
Restricted deposits and others as of June 30, 2013 and December 30, 2012, are as follows (Unit: Won in
millions):
Type Entity June 30, 2013 December 31, 2012 Restriction
Deposits KookminBank
and others ￦ 19 ￦ 16
Guarantee deposits
for overdraft
Shinhan Bank
and others 33,000 33,000 Secured deposits
Mirae Asset
Securities 13 13
Social enterprise
fund
Other
financial
assets
Korea Asset
Management
Corporation 9,246 9,246 Escrow account
￦ 42,278 ￦ 42,275
6. CARD ASSETS:
Card assets by customer as of June 30, 2013 and December 31, 2012, are as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Households Corporates Total Households Corporates Total
CARD ASSETS :
Card receivables (*) ￦ 5,359,131 ￦ 548,379 ￦5,907,510 ￦ 6,116,731 ￦ 479,630 ￦6,596,361
Cash advances 884,799 - 884,799 940,019 - 940,019
Card loans (*) 2,503,435 - 2,503,435 2,351,470 - 2,351,470
Total 8,747,365 548,379 9,295,744 9,408,220 479,630 9,887,850
Allowance for doubtful
accounts (181,021) (3,961) (184,982) (176,050) (4,762) (180,812)
Book value ￦ 8,566,344 ￦ 544,418 ￦9,110,762 ￦ 9,232,170 ￦ 474,868 ￦9,707,038
Composition rate 94.02% 5.98% 100.00% 95.11% 4.89% 100.00%
(*) Adjusted for deferred origination fees and present value discounts.

17. - 8 -
7. ALLOWANCE FOR DOUBTFUL ACCOUNTS:
Changes in the allowance for doubtful accounts for the six months ended June 30, 2013 and 2012, are as follows
(Unit: Won in millions):
Six months ended June 30, 2013
Card
receivables
Cash
advances Card loans Loans Other assets Total
Balance at January 1,
2013 ￦ 65,652 ￦ 33,786 ￦ 81,374 ￦ - ￦ 2,267 ￦ 183,079
Bad debt expenses (811) (231) (328) - - (1,370)
Bad debt recovered 359 489 151 - - 999
Disposition and
repurchase (18,180) (12,045) (17,149) - - (47,374)
Provision of (reversal
of) allowance for
doubtful accounts 14,864 9,533 27,518 - 480 52,395
Balance at June 30,
2013 ￦ 61,884 ￦ 31,532 ￦ 91,566 ￦ - ￦ 2,747 ￦ 187,729
Six months ended June 30, 2012
Card
receivables
Cash
advances Card loans Loans Other assets Total
Balance at January 1,
2012 ￦ 68,773 ￦ 37,910 ￦ 67,071 ￦ 30 ￦ 2,306 ￦ 176,090
Bad debt expenses (1,033) (249) (108) - - (1,390)
Bad debt recovered 349 559 184 - - 1,092
Disposition and
repurchase (10,757) (7,250) (8,045) - - (26,052)
Provision of (reversal
of) allowance for
doubtful accounts 7,647 3,790 19,555 - 64 31,056
Balance at June 30,
2012 ￦ 64,979 ￦ 34,760 ￦ 78,657 ￦ 30 ￦ 2,370 ￦ 180,796

18. - 9 -
8. PROPERTY AND EQUIPMENT:
The changes in book value of property and equipment for the six months ended June 30, 2013 and 2012, are as
follows (Unit: Won in millions):
Six months ended June 30, 2013
Beginning
balance Acquisition Reclassification(*) Disposal Depreciation
Ending
balance
Land ￦ 122,012 ￦ - ￦ - ￦ - ￦ - ￦ 122,012
Buildings 60,331 5,552 6,952 - (839) 71,996
Vehicles 163 - - (10) (46) 107
Fixtures and equipment 56,690 4,777 1,592 (597) (12,486) 49,976
Finance lease assets 1,389 - - - (555) 834
Construction in
progress 23,798 9,541 (8,477) - - 24,862
Total ￦ 264,383 ￦ 19,870 ￦ 67 ￦ (607) ￦ (13,926) ￦ 269,787
(*) ￦55 million of construction in progress is reclassified to advanced payments and ￦122 million of fixtures
and equipment is reclassified from construction in progress in intangible assets (see Note 9).
Six months ended June 30, 2012
Beginning
balance Acquisition Reclassification(*) Disposal Depreciation
Ending
balance
Land ￦ 83,995 ￦ 34,165 ￦ - ￦ - ￦ - ￦ 118,160
Buildings 42,187 22,169 347 - (758) 63,945
Vehicles 270 76 - - (72) 274
Fixtures and equipment 57,974 13,179 137 (82) (11,892) 59,316
Finance lease assets 2,500 - - - (556) 1,944
Construction in
progress 472 5,453 5,256 - - 11,181
Total ￦ 187,398 ￦ 75,042 ￦ 5,740 ￦ (82) ￦ (13,278) ￦ 254,820
(*) ￦5,740 million of construction in progress is reclassified from advanced payments.

19. - 10 -
9. INTANGIBLE ASSETS:
The changes in intangible assets for the six months ended June 30, 2013 and 2012, are as follows (Unit: Won in
millions):
(*) ￦122 million of construction in progress is reclassified to fixtures and equipment (see Note 8).
(*) ￦804 million of construction in progress is reclassified to advanced payments.
Six months ended June 30, 2013
Beginning
balance Acquisition
Reclassification
(*) Disposal Amortization
Ending
balance
Development cost ￦ 34,747 ￦ 3,008 ￦ 4,111 ￦ - ￦ (5,942) ￦ 35,924
Industrial
property rights 76 - - - (20) 56
Others 7,829 - - - (1,712) 6,117
Construction in
progress 11,041 9,591 (4,233) - - 16,399
Membership 20,971 - - - - 20,971
Total ￦ 74,664 ￦ 12,599 ￦ (122) ￦ - ￦ (7,674) 79,467
Six months ended June 30, 2012
Beginning
balance Acquisition
Reclassification
(*) Disposal Amortization
Ending
balance
Development cost ￦ 36,656 ￦ 1,444 ￦ 482 ￦ - ￦ (5,123) ￦ 33,459
Industrial
property rights 116 - - - (20) 96
Others 11,369 - - - (1,777) 9,592
Construction in
progress 2,101 2,363 (1,286) - - 3,178
Membership 22,734 - - (1,250) - 21,484
Total ￦ 72,976 ￦ 3,807 ￦ (804) ￦ (1,250) ￦ (6,920) ￦ 67,809

20. - 11 -
10. ASSETS PLEDGED AS COLLATERAL:
Land and buildings amounting to￦1,179 million are provided as collateral for leasehold deposit received as of
June 30, 2013.
11. BORROWINGS:
Borrowings as of June 30, 2013 and December 31, 2012, are as follows (Unit: Won in millions):
Annual interest
rates (%) MaturityBorrowed from June 30, 2013 December 31, 2012
Commercial
papers - - - ￦ - ￦ 350,000
Borrowings
Hana bank
and seven others
3.56–5.55
2013.6.27–
2014.7.19 225,000 137,500
￦ 225,000 ￦ 487,500
12. BONDS PAYABLE:
Bonds payable issued by the Company and outstanding as of June 30, 2013 and December 31, 2012, are as
follows (Unit: Won in millions):
Annual
interest rates (%) Maturity
June 30, 2013 December 31, 2012
Par value Issue price Par value Issue price
Short-term
debentures
2.91–3.47
2013.7.2–
2013.11.6 ￦ 110,000 ￦ 110,000 ￦ 170,000 ￦ 170,000
Current
portion of
long-term
debentures
2.91–6.73,
1M USD Libor+0.724
2013.7.12–
2014.6.15
1,965,825 1,965,825 1,707,580 1,707,580
Long-term
debentures
2.77–6.75,
1M USD Libor+0.724
1M USD Libor+1.5
2014.7.7–
2019.7.31
4,256,880 4,256,880 4,665,067 4,665,067
Discounts on bonds (7,794) (9,471)
Bonds payable, net ￦6,324,911 ￦6,533,176
The outstanding bonds payable are non-guaranteed corporate bonds, with their principals to be redeemed by
installment or at maturity. Bond issuance costs are recorded as discounts on bonds payable and amortized using
the effective interest rate method.

21. - 12 -
13. FINANCE LEASE LIABILITIES:
(1) Lease contract
The Company has a three-year finance lease for electronic equipment. The Company has a bargain purchase
option at expiration date of lease contract. The lessor has the legal ownership of the finance lease, whose book
value amounts to ￦834 million and ￦1,389 million as of June 30, 2013 and December 31, 2012, and which
are set as collateral for finance lease obligation.
(2) Finance lease liabilities as of June 30, 2013 and December 31, 2012, are as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Minimum lease
payments
Present value of
minimum lease payments
Minimum lease
payments
Present value of
minimum lease payments
Less than 1 year ￦ 902 ￦ 883s ￦ 1,202 ￦ 1,154
1–5 years - - 301 298
Present value
discounts (19) (51)
Present value ￦ 883 ￦ 1,452
14. RETIREMENT BENEFIT PLAN:
(1) Defined Contribution Plan
The expense recognized in the condensed consolidation statements of comprehensive income related to
postemployment benefit plan under the defined contribution plan for the six months ended June 30, 2013 and
2012, are as follows (Unit: Won in millions):
June 30, 2013 June 30, 2012
Defined contribution plan ￦ 9 ￦ 4

22. - 13 -
(2) Defined benefit plan
1) General
The Company operates a defined benefit plan that is linked to final payment. Plan assets mainly consist of
deposits and expose to risk of fall in interest rate.
2) Net defined benefit obligation
Changes in net defined benefit obligation for the six months ended June 30, 2013 and 2012, are as follows
(Unit: Won in millions):
For the six months ended June 30, 2013
The present
value of the
defined benefit
obligation Plan assets
National
pension fund
Net defined
benefit obligation
Beginning balance ￦ 44,474 ￦ (33,745) ￦ (34) ￦ 10,695
Contributions from
the employer - - - -
Current service cost 4,782 - - 4,782
Interest expense
(income) 707 (536) - 171
The return on plan
assets, excluding
amounts included in
interest income
above - 5 - 5
Actuarial gains and
losses arising from
changes in
demographic
assumptions - - - -
Actuarial gains and
losses arising from
changes in financial
assumptions (472) - - (472)
Transfer of employees
between the
Company and its
related companies 291 (322) - (31)
Benefits paid (1,655) 1,723 3 71
Ending balance ￦ 48,127 ￦ (32,875) ￦ (31) ￦ 15,221

23. - 14 -
For the six months ended June 30, 2012
The present
value of the
defined benefit
obligation Plan assets
National
pension fund
Net defined
benefit obligation
Beginning balance ￦ 37,007 ￦ (19,195) ￦ (37) ￦ 17,775
Contributions from the
employer
- - - -
Current service cost 4,386 - - 4,386
Interest expense
(income) 732 (368) - 364
The return on plan
assets, excluding
amounts included in
interest income
above -
(41)
-
(41)
Actuarial gains and
losses arising from
changes in
demographic
assumptions - - - -
Actuarial gains and
losses arising from
changes in financial
assumptions 567 - - 567
Transfer of employees
between the
Company and its
related companies (531) 176 - (355)
Benefits paid (1,225) 483 - (742)
Ending balance ￦ 40,936 ￦ (18,945) ￦ (37) ￦ 21,954

24. - 15 -
15. UNEARNED REVENUE:
Details of unearned revenue as of June 30, 2013 and December 31, 2012, are as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Customer loyalty program ￦ 327,990 ￦ 320,328
Membership fee 77,144 77,450
Others 84 52
￦ 405,218 ￦ 397,830
16. PROVISION:
Changes in provisions for the six months ended June 30, 2013 and 2012, are as follows (Unit: Won in millions):
June 30, 2013
Unused
commitment Point Customer loyalty Total
Beginning ￦ 46,386 ￦ 15,509 ￦ 13,792 ￦ 75,687
Increase (decrease) (434) 4,180 1,687 5,433
Ending ￦ 45,952 ￦ 19,689 ￦ 15,479 ￦ 81,120
June 30, 2012
Unused
commitment Point Customer loyalty Total
Beginning ￦ 47,167 ￦ 11,240 ￦ 21,826 ￦ 80,233
Increase (decrease) 1,501 1,239 (2,138) 602
Ending ￦ 48,668 ￦ 12,479 ￦ 19,688 ￦ 80,835
The above amounts as of June 30, 2013, include provision for deposits in escrow account of ￦4,944 million,
and provision for pending litigations of ￦10,535 million, in which provision includes deposits in escrow
account of ￦4,467 million (See Note 24(3)).

25. - 16 -
17. DERIVATIVES AND HEDGE ACCOUNTING:
(1) There are no derivative instruments held for trading as of June 30, 2013 and December 31, 2012.
(2) Cash flow hedge
The Company removes the volatility risk of future cash flow of a hedged item, such as borrowings or bonds,
caused by changes in market interest rates or in foreign currency rates, by using derivatives instruments such
as an interest rate swap or currency swap. The Company’s policies and strategies of cash flow hedge are the
same as those as of December 31, 2012.
1) Fair value of cash flow hedge as of June 30, 2013 and December 31, 2012, are as follows (Won in millions):
June 30, 2013 December 31, 2012
Contract
Amount Asset Liabilities
Contract
Amount Asset Liabilities
Interest rate
swap ￦ 958,000 ￦ 2,997 ￦ 2,587 ￦ 778,000 ￦ 901 ￦ 3,925
Cross-currency
swap 937,161 12,380 943 873,092 - 49,630
Total ￦ 1,895,161 ￦ 15,377 ￦ 3,530 ￦ 1,651,092 ￦ 901 ￦ 53,555
For transactions between local currency and foreign currencies, the unsettled contract amount of transaction
is translated applying the basic foreign exchange rate at the end of reporting period to the contract amount in
foreign currencies. For transaction between foreign currencies and other foreign currencies, the unsettled
contract amount is the amounts translated applying the basic foreign exchange rate at the end of reporting
period to the contract amount in foreign currencies purchased.
2) Expected cash flow for cash flow hedge
Maximum potential amounts of future payments for cash flow hedges by the period when the cash flows are
expected to occur and when they are expected to affect income (loss) for the period are as follows (Won in
millions):
June 30, 2013 December 31, 2012
Less than 1 month ￦ (2,918) ￦ (2,079)
1–3 months (3,880) (3,881)
3–12 months 1,172 (25,813)
1–5 years 6,706 (47,039)
￦ 1,080 ￦ (78,812)

26. - 17 -
18. SHARE CAPITAL:
There was no change in share capital and capital surplus for the six months ended June 30, 2013. Meanwhile,
Hyundai motor company (Parent company) acquired 8,729,750 shares of Hyundai Card Co., Ltd. from Hyundai
Steel Co., Ltd., and the ownership of Parent company increased by 5.44%.
19. RETAINED EARNINGS:
(1) Details of retained earnings as of June 30, 2013 and December 31, 2012, are as follows (Unit: Won in
millions):
June 30, 2013 December 31, 2012
Legal reserve (*) ￦ 20,143 ￦ 20,143
Reserve for bad loans (see Note 21) 611,622 439,031
Unappropriated retained earnings 800,296 889,571
￦ 1,432,061 ￦ 1,348,745
(*) Korean Commercial Code requires a company to appropriate at least 10 percent of dividends paid as
legal reserve for each fiscal period, until the reserve equals 50 percent of paid-in capital. This reserve is
not available for payment of cash dividends; however, it can be used to reduce deficit or be transferred
to capital.
(2) Changes in retained earnings for the six months ended June 30, 2013 and 2012, are as follows (Unit: Won in
millions):
Six months ended June 30,
2013 2012
Beginning ￦ 1,348,745 ￦ 1,154,446
Net income attributable to the owners of the
Company
83,316 106,112
Ending ￦ 1,432,061 ￦ 1,260,558
20. RESERVES:
Details of reserves for the six months ended June 30, 2013 and 2012, are as follows (Unit: Won in millions):
Six months ended June 30,
2013 2012
Beginning ￦ (16,504) ￦ (17,813)
Cash flow hedging gains (losses) 440 4,718
Interest rate swap 3,433 174
Currency swap (2,993) 4,544
Tax effect related to cash flow hedging gains (losses) (89) (1,159)
Remeasurements of the net defined benefit liability 467 (526)
Tax effect related to remeasurements of the net defined
benefit liability (113) 127
Ending ￦ (15,799) ￦ (14,653)
Cash flow hedging reserve represents the cumulative gains or losses of hedging instruments considered effective
portion in hedge accounting. The cumulative deferred gains or losses of hedging instruments is reclassified to
income (loss) for the period only when gains or losses of the hedged item is reflected in income (loss) for the
period or is reflected to the initial book value of non-financial hedged item in accordance with relevant
accounting policy.

27. - 18 -
21. RESERVE FOR BAD LOANS:
Reserve for bad loans is calculated and disclosed according to Article 11, Supervisory Regulation of Specialized
Credit Financial Business.
(1) Details of reserve for bad loans as of June 30, 2013 and December 31, 2012, are as follows (Unit: Won in
millions):
June 30, 2013 December 31, 2012
Accumulated reserve for bad loans ￦ 611,622 ￦ 439,031
Expected reserve for bad loans 7,358 172,591
Reserve for bad loans ￦ 618,980 ￦ 611,622
(2) The provision of reserve for bad loans and adjusted income after reserve for bad loans for the six months
ended of June 30, 2013 and 2012, are as follows (Unit: Won in millions):
Six months ended June 30,
2013 2012
Net income attributable to the owners of the Company ￦ 83,316 ￦ 106,112
Provision (7,358) (15,306)
Adjusted income after reserve for bad loans ￦ 75,958 ￦ 90,806

28. - 19 -
22. GENERAL AND ADMINISTRATIVE EXPENSES:
Details of general and administrative expenses for the six months ended June 30, 2013 and 2012, are as follows
(Unit: Won in millions):
<PAYROLL>
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
Salaries wage ￦ 27,845 ￦ 57,248 ￦ 22,380 ￦ 41,794
Pension expenses 2,481 4,962 2,377 4,754
Employee benefits 6,538 14,507 7,021 14,567
36,864 76,717 31,778 61,115
<OTHER EXPENSES>
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
Travel expenses ￦ 760 ￦ 1,221 ￦ 777 ￦ 1,279
Communication expenses 6,054 11,158 5,575 10,989
Post expense 3,694 7,143 3,351 6,471
Rental expenses 6,463 12,626 6,846 13,586
Taxes dues 6,845 12,613 3,925 7,702
Repair and maintenance expenses 167 309 145 296
Insurance premiums 114 125 184 188
Entertainment expenses 140 344 258 442
Advertising expenses 12,956 18,702 10,220 20,019
Supply expenses 464 1,238 627 1,156
Vehicle maintenance expenses 7 10 3 11
Periodicals expenses 43 67 261 288
Publication expenses 1,599 3,249 1,684 3,515
Training expenses 828 1,663 1,428 2,271
Electronic data processing
expense
10,031 20,958 8,026 16,371
Expense for temporary staff 8,796 16,734 9,456 18,206
Professional expenses 34,691 69,253 43,573 77,086
Delivery expense 661 1,551 1,117 2,097
Commission expense 6,795 12,771 6,067 11,939
Business activities expense 909 1,657 1,126 2,041
Depreciation expense 6,895 13,926 6,768 13,278
Amortization expense 3,913 7,674 3,480 6,920
Event expense 743 1,096 1,126 1,793
Conference expense 227 323 101 197
Building administrative expense 1,425 2,539 439 1,157
￦ 115,220 ￦ 218,950 ￦ 116,563 ￦ 219,298

29. - 20 -
23. INCOME TAX FROM CONTINUED OPERATION:
(1) Income tax expense for the six months ended June 30, 2013 and 2012, are summarized as follows (Unit:
Won in millions):
Six months ended June 30,
2013 2012
Income tax currently payable ￦ 45,541 ￦ 37,889
Changes in deferred tax assets by temporary differences (*) (15,132) (21,722)
Total 30,409 16,167
Changes in income tax expense reflected directly in shareholders’
equity (202) (1,032)
Income tax expense ￦ 30,207 ￦ 15,135
(*) Ending net deferred tax assets due to temporary differences ￦ 150,799 ￦ 134,125
Beginning net deferred tax assets due to temporary differences 135,667 112,403
Changes in net deferred tax assets due to temporary differences ￦ (15,132) ￦ (21,722)
(2) Income tax expenses reflected directly in shareholders’ equity for the six months ended June 30, 2013, are as
follows (Unit: Won in millions):
January 1, 2013 Decrease June 30, 2013
Tax effect related to the cash
flow hedging reserve gains
and losses ￦ 2,367 ￦ (89) ￦ 2,278
Tax effect related to
remeasurements of the net
defined benefit liability 2,880 (113) 2,767
￦ 5,247 ￦ (202) ￦ 5,045
(3) A reconciliation between income before income tax and income tax expense for the six months ended June
30, 2013 and 2012, are as follows (Unit: Won in millions):
Six months ended June 30,
2013 2012
Income before income tax ￦ 113,524 ￦ 121,247
Income tax payable by the statutory income tax rates 27,011 28,880
Tax reconciliations:
Non-deductible expenses 144 32
Deferred tax expense relating to changes in tax rates - -
The amount of deductible temporary differences for which
no deferred tax asset is recognized - (11,384)
True-up adjustment (*) (123) (3,463)
Others (498) (1,407)
(477) (16,222)
Any adjustments recognized in the period due to current tax of
prior period 3,673 2,477
Income tax from continued operation ￦ 30,207 ￦ 15,135
(*) True-up adjustment due to difference in the amount disclosed in prior-year’s audit report and the actual
tax return amount.

30. - 21 -
24. CONTINGENCIES AND COMMITMENTS:
Contingencies and commitments are the same as those of the consolidated financial statements as of December
31, 2012, except for the following:
(1) Credit line agreement
a. The following are credit line agreements as of June 30, 2013 and December 31, 2012 (Unit: Won in
millions):
Type Financial instruments June 30, 2013 December 31, 2012
Overdraft limit - ￦ - ￦ 50,000
Intraday overdraft limit Shinhan Bank and
5 others 360,000 280,000
b. Credit Facility Agreement
The Company entered into a Credit Facility Agreement with GE Capital European Funding & CO (“GECC”)
on February 15, 2013. The credit facility limit that can be used by the Company is Euro equivalent of
USD100 million. In terms of duration, the Agreement is renewable for one year from January 2014 until
January 9, 2015, the maturity of the Credit Facility Agreement.
With regard to the Credit Facility Agreement, the Company, GECC, Hyundai Motor Company (“HMC”)
and Kia Motors Corp. (“KMC”) entered into a Support Agreement with same contract period as of the
Credit Facility Agreement. Under the Support Agreement, in case that the Company uses the credit facility
line, each of HMC and KMC shall bear an amount equal to 41 percent and 15 percent of losses, respectively,
which are any amount of obligations that have not been paid to GECC by the Company or otherwise
received or collected by GECC from the Company.
c. Revolving Credit Facility
The Company has a revolving credit facility agreement with many financial institutions for credit line as of
June 30, 2013, as follows (Unit: Won in millions):
Financial instruments Credit line Term
Kookmin Bank ￦ 30,000 2012-11-07–2013-10-22
Kookmin Bank 100,000 2013-02-28–2014-02-28
Kookmin Bank 30,000 2013-05-29–2014-05-28
NH Bank 100,000 2013-03-29–2014-03-29
Citibank, Seoul 50,000 2012-12-24–2013-12-24
Shinhan Bank 50,000 2013-04-16–2014-04-15
Shinhan Bank 50,000 2013-05-31–2014-05-31
Shinhan Bank 50,000 2013-06-28–2014-06-28
Suhyup Bank 20,000 2013-03-06–2014-03-06
Korea Development Bank 10,000 2013-04-19–2014-04-19
Hana Bank 50,000 2013-02-01–2014-02-03
Standard Chartered Bank 30,000 2013-04-19–2014-04-19
Jeonbuk Bank 30,000 2013-05-28–2014-05-28
(2) Pending Lawsuits
As of June 30, 2013, the Company is involved in 26 cases (￦131,920 millions) as a defendant and 3 cases
(￦1,807 millions) as a plaintiff in the pending lawsuits. The management of the Company does not
anticipate that these pending lawsuits referred above will have a significant effect on the Company’s
consolidated financial statements.

31. - 22 -
(3) Deposit for Loss Reimbursement
As of June 30, 2013, the Company has deposits of ￦4,944 million and ￦4,302 million of proceeds and
interests from the sale of Daewoo Engineering & Construction Co., Ltd.’s shares, respectively, in an escrow
account and records ￦4,944 million of provision for proceeds and ￦4,467 million of provision for
interests from the litigation relating to the sale of Daewoo Engineering & Construction Co., Ltd.’s shares
(See Note 16).
(4) Guarantee
The Company has a performance guarantee from the Seoul Guarantee Insurance Co., Ltd., amounting to
￦474 million in connection with airline ticket payments and others.
(5) Contract of Sale of Receivables
The Company entered into a contract with Hyundai Capital Services, Inc., relating to its sale of receivables
on January 24, 2006. In accordance with the contract, the Company sells the receivables that are 60 days or
more past due or written off to Hyundai Capital Services, Inc. Such sale occurs five times a month on
designated cutoff dates at the amount calculated using a predetermined price pursuant to the contract.
25. TRANSFERS OF FINANCIAL ASSETS:
The Parent transferred its card assets to special-purpose companies (“SPCs”) for asset securitization and
SPCs issued Asset-Backed Securities(“ABSs”). The ABSs are collateralized by card assets as underlying
assets. All of the transferred financial assets do not qualify for derecognition under K-IFRS 1039 because
the Parent has retained substantially all the risks and rewards of ownership of the transferred asset. Therefore,
the Parent continues to recognize the transferred financial assets in the separate financial statements.
The details of ABSs and underlying assets as of June 30, 2013 and December 31, 2012, are as follows (Unit:
Won in millions):
As of June 30, 2013
Maturity
Carrying amount Fair value
Underlying
asset
Senior
tranche
Underlying
asset
Senior
tranche
Net
position
PRIVIA 2nd
SPC 2014.4.21 ￦1,230,471 ￦ 459,880 ￦ 1,255,270 ￦ 459,717 ￦ 795,553
PRIVIA 3rd
SPC 2015.7.20 1,206,601 459,880 1,233,610 459,172 774,438
Discounts on bonds - (2,590) - - -
￦ 2,437,072 ￦ 917,170 ￦2,488,880 ￦ 918,889 ￦ 1,569,991
As of December 31, 2012
Maturity
Carrying amount Fair value
Underlying
asset
Senior
tranche
Underlying
asset
Senior
tranche
Net
position
PRIVIA 2nd
SPC 2014.4.21 ￦ 1,055,990 ￦ 428,440 ￦ 1,074,693 ￦ 428,160 ￦ 646,533
PRIVIA 3rd
SPC 2015.7.20 1,038,539 428,440 1,058,068 427,951 630,117
Discounts on bonds - (3,589) - - -
￦ 2,094,529 ￦ 853,291 ￦ 2,132,761 ￦ 856,111 ￦ 1,276,650

32. - 23 -
26. TRANSACTION WITH RELATED PARTIES:
(1) Status of related parties
Related parties consist of entities related to the Company, postemployment benefits, a key management
personnel and a close member of that person’s family, an entity controlled or jointly controlled and an
entity influenced significantly.
Details of related parties as of June 30, 2013, are as follows:
Companies
Parent company Hyundai Motor Company
Other related parties GE Capital Int'l Holdings, Green air, Kia motor company, Kia Tigers, Busan
Finance Center AMC, Samwoo, WIA Magna Powertrain, Eukor Car Carriers,
Innocean, Iljin Bearing, Jongro Academy, Chunbuk Hyundai motors FC, Jongro
Eclass, Hyundai Kefico, Korea Credit Bureau, Hankook Economy News,
Haevichi Country Club, Haevichi Hotel & Resort, Hyundai construction,
Hyundai construction human resource development center, Hyundai Glovis,
Hyundai Dymos, Hyundai City Corporation, Hyundai Life, Hyundai Rotem,
Hyundai Materials, Hyundai Metia, Hyundai Movis, Hyundai BNG Steel,
Hyundai farm land & development, Hyundai Steel Company, Hyundai C&I,
Hyundai IHL, Hyundai energy, Hyundai engineering, Hyundai NGV, Hyundai
MSEAT, Hyundai MnSoft, Hyundai AMCO, Hyundai Auto Ever Systems,
Hyundai Wistco, Hyundai Wia, Hyundai Engineering & Steel Industries,
Hyundai Architects & Engineers Associates, Hyundai Motors Electronic
Industry, Hyundai Capital, Hyundai Commercial, Hyundai Powertech, Hyundai
Fastech, Hyundai Hysco, HK Saving Bank and HMC Investment Securities
(2) Transaction with related companies for the six months ended June 30, 2013 and 2012, are as follows (Unit:
Won in millions):
Six months ended June 30, 2013 Six months ended June 30, 2012
Parent
company
Other related
parties Total
Parent
company
Other related
parties Total
Revenues
Card revenue ￦ 74,394 ￦ 41,206 ￦ 115,600 ￦ 53,105 ￦ 27,777 ￦ 80,882
Rental revenue - 248 248 - 125 125
Others - 19,628 19,628 - 23,128 23,128
74,394 61,082 135,476 53,105 51,030 104,135
Expense
Card expense - 27,784 27,784 15 111 126
General and
administrative
expense 111 22,226 22,337 213 14,073 14,286
Others 40 28,765 28,805 - 26,430 26,430
151 78,775 78,926 228 40,614 40,842
Others
Purchase of
property and
equipment - 10,289 10,289 76 8,368 8,444
Purchase of
intangible
assets - 3,287 3,287 - 1,148 1,148
Disposal of
assets - 185,421 185,421 - 176,619 176,619
Total ￦ - ￦ 198,997 ￦ 198,997 ￦ 76 ￦ 186,135 ￦ 186,211

33. - 24 -
(3) Outstanding receivables, payables and guarantee from transactions with related parties as of June 30, 2013
and December 31, 2012, are as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Parent
company
Other
related
parties Total
Parent
company
Other
related
parties Total
Receivables
Card asset ￦ 55,326 ￦175,393 ￦230,719 ￦64,580 ￦147,800 ￦212,380
Others 2,128 3,441 5,569 151 21,626 21,777
Allowance for
doubtful accounts (609) (1,929) (2,538) (710) (1,626) (2,336)
Total ￦ 56,845 ￦ 176,905 ￦233,750 ￦ 64,021 ￦167,800 ￦231,821
Payables
Accounts payable ￦ 45,623 ￦ 56,199 ￦101,822 ￦ 87,354 ￦ 58,060 ￦145,414
Other 23 6,673 6,696 7 (5,489) (5,482)
Total ￦ 45,646 ￦ 62,872 ￦108,518 ￦ 87,361 ￦ 52,571 ￦139,932
The Company is being provided payment guarantees to GECC through credit facility agreement by HMC
and KMC (See Note 24(1)).
(4) Granting of credit with related parties
Granting of credit with related parties as of June 30, 2013, is as follows (Unit: Won in millions):
Grantor Grantee Method Credit limit Period
Parent Hyundai Capital
Services, Inc. Call loan 300,000 2012.11.1–2013.10.31
Hyundai Capital
Services, Inc. Parent Call loan 300,000 2012.11.1–2013.10.31
Call loan is granted only in case that any grantee demands credit line and there is residual fund, and the
credit line currently is not being used.
(5) Compensation for key executives
1) Compensation cost for key executives for the six months ended June 30, 2013, consists of short-term
employee benefit and retirement benefit.
2) Compensation for key management for the six months ended June 30, 2013 and 2012, consists of the
following (Unit: Won in millions):
For the six months ended June 30
2013 2012
Short-term employee benefit ￦ 3,528 ￦ 2,568
Retirement benefit 996 839
Total ￦ 4,524 ￦ 3,407
3) Key management includes directors (including non-executive directors) and members of the audit
committee with significant authority and responsibility over the Company’s plan, direction and control.

34. - 25 -
27. RESERVES:
Changes of reserves for the six months ended June 30, 2013, are as follows (Unit: Won in millions):
Six months ended June 30, 2013
Beginning
Balance Increase Disposal
Income tax
effect
Ending
balance
Reserves
Effective portion of
changes in fair value
of cash flow hedges ￦ (7,485) ￦ 288 ￦ 152 ￦ (89) ￦ (7,134)
Remeasurements of the
net defined benefit
liability (9,019) 467 - (113) (8,665)
￦ (16,504) ￦ 755 ￦ 152 ￦ (202) ￦ (15,799)
28. FINANCIAL RISK MANAGEMENT:
(1) General
The Company is exposed to various financial risks such as credit risk, liquidity risk and market risk
associated with financial instruments. The level of exposure to such risks, objectives of the Company and
its risk management policy and procedures are outlined below. The Company’s risk management
objectives, policy and procedures are the same as those for 2012.
(2) Credit risk
1) Level of exposure to credit risk
The Company’s maximum exposure to credit risk as of June 30, 2013 and December 31, 2012, is
summarized as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Deposit ￦ 898,352 ￦ 824,576
Card asset (*1) 9,295,744 9,887,850
Other assets (*1, 2) 189,951 184,554
Unused commitment 33,655,697 32,974,864
Total ￦ 44,039,744 ￦ 43,871,844
(*1) Card asset is stated at book value before allowance for doubtful accounts.
(*2) Other assets consist of accounts payable, unearned income and others.

35. - 26 -
2) Analysis of credit soundness of financial assets
① Credit soundness of card assets neither past due nor impaired as of June 30, 2013 and December 31,
2012, is summarized as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Book value
before
allowance
for doubtful
accounts
Allowance
for
doubtful
accounts
Book
value
Book value
before
allowance
for doubtful
accounts
Allowance
for
doubtful
accounts
Book
value
Retail
Card receivables and
cash advances ￦ 6,098,921 ￦ (77,900) ￦6,021,021 ￦6,914,575 ￦ (83,591) ￦ 6,830,984
Card loans 2,367,936 (57,990) 2,309,946 2,238,022 (54,810) 2,183,212
Corporate
Card receivables 515,927 (2,700) 513,227 450,389 (1,905) 448,484
Total ￦ 8,982,784 ￦ (138,590) ￦ 8,844,194 ￦ 9,602,986 ￦ (140,306) ￦ 9,462,680
② Credit quality of card assets past due but not impaired as of June 30, 2013 and December 31, 2012,
are summarized as follows (Unit: Won in millions):
June 30, 2013
Less than
1 month 1–2 months 2–3 months
More than
3 months Total
Retail ￦ 187,877 ￦ 27,516 ￦ - ￦ - ￦ 215,393
Corporate 13,974 15,829 - - 29,803
201,851 43,345 - - 245,196
Card assets
Card receivables 105,582 25,946 - - 131,528
Cash advances 27,638 5,442 - - 33,080
Card loans 68,631 11,957 - - 80,588
201,851 43,345 - - 245,196
Allowance for doubtful
accounts (7,568) (2,652) - - (10,220)
Book value ￦ 194,283 ￦ 40,693 ￦ - ￦ - ￦ 234,976
December 31, 2012
Less than
1 month 1–2 months 2–3 months
More than
3 months Total
Retail ￦ 173,994 ￦ 29,994 ￦ - ￦ - ￦ 203,988
Corporate 13,485 2,653 - - 16,138
187,479 32,647 - - 220,126
Card assets
Card receivables 110,097 16,497 - - 126,594
Cash advances 18,102 4,378 - - 22,480
Card loans 59,280 11,772 - - 71,052
187,479 32,647 - - 220,126
Allowance for doubtful
accounts (7,051) (2,879) - - (9,930)
Book value ￦ 180,428 ￦ 29,768 ￦ - ￦ - ￦ 210,196

36. - 27 -
③ Impaired card assets as of June 30, 2013 and December 31, 2012, are summarized as follows (Unit:
Won in millions):
June 30, 2013 December 31, 2012
Card asset ￦ 67,764 ￦ 64,738
Allowance for doubtful accounts (36,172) (30,576)
Total ￦ 31,592 ￦ 34,162
3) Concentrations of credit risk
Concentrations of credit risk by industry of corporate loans as of June 30, 2013 and December 31, 2012, are
summarized as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Book value
before
allowance
for doubtful
accounts Ratio
Allowance
for
doubtful
accounts
Book
value
Book value
before
allowance
for doubtful
accounts Ratio
Allowance
for
doubtful
accounts
Book
value
Financing ￦ 137,724 25.11% ￦ (195) ￦ 137,529 ￦ 121,927 25.42% ￦ (219) ￦ 121,708
Manufacturing 147,624 26.92% (798) 146,826 161,781 33.73% (863) 160,918
Service 188,090 34.30% (2,239) 185,851 149,343 31.14% (1,997) 147,346
Public 100 0.02% - 100 145 0.03% - 145
Others 74,841 13.65% (729) 74,112 46,434 9.68% (1,683) 44,751
Total ￦ 548,379 100.00% ￦ (3,961) ￦ 544,418 ￦ 479,630 100.00% ￦ (4,762) ￦474,868
(3) Liquidity risk
The Company’s financial liabilities by residual contractual maturity as of June 30, 2013 and December 31, 2012,
are classified as follows (Unit: Won in millions):
June 30, 2013
Immediate
payment
Less than
1 year 1–5 years
More than
5 years Total
Borrowings ￦ - ￦ 111,842 ￦ 124,081 ￦ - ￦ 235,923
Bonds payable - 2,338,188 4,490,931 96,971 6,926,090
Derivatives liabilities - 3,077 882 - 3,959
Other liabilities 47,691 1,337,092 521 - 1,385,304
Total ￦ 47,691 ￦ 3,790,199 ￦ 4,616,415 ￦ 96,971 ￦ 8,551,276
These amounts include all cash inflows such as interests without discount and other liabilities are composed of
accounts payable, accrued expense, deposit received, finance lease liabilities and guarantee deposit received.
December 31, 2012
Immediate
payment
Less than
1 year 1–5 years
More than
5 years Total
Borrowings ￦ - ￦ 429,738 ￦ 64,417 ￦ - ￦ 494,155
Bonds payable - 2,108,561 4,801,662 230,914 7,141,137
Derivatives liabilities - 32,147 47,682 - 79,829
Other liabilities 42,139 1,421,832 192 - 1,464,163
Total ￦ 42,139 ￦ 3,992,278 ￦ 4,913,953 ￦ 230,914 ￦ 9,179,284
These amounts include all cash inflows such as interests without discount and other liabilities are composed of
accounts payable, accrued expense, deposit received, finance lease liabilities and guarantee deposit received.

37. - 28 -
(4) Market risk
The result of interest rate Value at Risk (VaR) calculated under normal distribution of interest rate risk as
of June 30, 2013 and December 31, 2012, is as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Interest rate VaR ￦ 4,892 ￦ 1,197
(5) Capital management
The Parent (specialized credit finance company) must maintain adjusted capital adequacy ratio in
accordance with Specialized Credit financial business and subregulations, and the ratio for the credit card
company must be more than 8 %.
This ratio is calculated dividing adjusted capital by adjusted total assets and all factors are based on
consolidated financial statements.
The Parent maintains an adjusted capital adequacy ratio of more than 8%.
29. FINANCIAL ASSETS AND FINANCIAL LIABILITIES:
(1) Fair value of financial assets and liabilities
The fair value of financial assets and financial liabilities as of June 30, 2013 and December 31, 2012, are
summarized as follows (Unit: Won in millions):
June 30, 2013 December 31, 2012
Book value Fair value Book value Fair value
Assets
Financial assets
Cash and bank
deposit ￦ 898,352 ￦ 898,352 ￦ 824,576 ￦ 824,576
Investment
financial assets 1,767 1,767 1,767 1,767
Card assets 9,110,762 9,561,339 9,707,038 10,119,434
Other assets 187,862 190,183 182,292 182,697
Total ￦10,198,743 ￦10,651,641 ￦10,715,673 ￦11,128,474
Liabilities
Financial liabilities
Borrowings ￦ 225,000 ￦ 225,642 ￦ 487,500 ￦ 488,832
Bonds payable 6,324,911 6,498,762 6,533,176 6,740,956
Other liabilities 1,388,750 1,388,739 1,517,677 1,517,676
Total ￦ 7,938,661 ￦8,113,143 ￦ 8,538,353 ￦ 8,747,464
The Company’s valuation techniques and relevant policies with regard to the fair value are the same as
those used for previous year.

38. - 29 -
(2) Netting on financial assets and financial liabilities
Derivative assets and derivative liabilities recognized by the Company can be set off in accordance with the
future events described in derivative master netting agreements.
The effects of netting agreements as of June 30, 2013 and December 31, 2012, are as follows (Unit: Won in
millions):
June 30, 2013
Related amounts not set off in
the statement of financial
position
Gross
amounts of
recognized
financial
assets/
liabilities
Gross
amounts of
recognized
financial
liabilities set
off in the
statement of
financial
position
Net amounts
of financial
assets/liabilitie
s presented in
the statement
of financial
position
Financial
instruments
Cash
collateral
pledged Net amount
Financial assets
Derivatives assets ￦ 15,377 ￦ - ￦ 15,377 ￦ 1,096 ￦ - ￦ 14,281
Financial liabilities
Derivatives liabilities ￦ 3,530 ￦ - ￦ 3,530 ￦ 1,096 ￦ - ￦ 2,434
December 31, 2012
Related amounts not set off in
the statement of financial
position
Gross
amounts of
recognized
financial
assets/
liabilities
Gross
amounts of
recognized
financial
liabilities set
off in the
statement of
financial
position
Net amounts
of financial
assets/liabilitie
s presented in
the statement
of financial
position
Financial
instruments
Cash
collateral
pledged Net amount
Financial assets
Derivatives assets ￦ 901 ￦ - ￦ 901 ￦ 219 ￦ - ￦ 682
Financial liabilities
Derivatives liabilities ￦ 53,555 ￦ - ￦ 53,555 ￦ 219 ￦ - ￦ 53,336

39. - 30 -
(3) Fair value hierarchy
All financial instruments at fair value are categorized into three fair value hierarchy levels. The method of
categorizing fair value hierarchy levels is the same as the one used for previous year.
The table below provides the Company’s financial assets and financial liabilities recorded at fair value in
the condensed consolidated statements of financial position as of June 30, 2013 and December 31, 2012,
(Unit: Won in millions):
June 30, 2013
Book value Fair value Level 1 Level 2 Level 3
Financial assets
Derivatives assets ￦ 15,377 ￦ 15,377 ￦ - ￦ 15,377 ￦ -
Financial liabilities
Derivatives liabilities ￦ 3,530 ￦ 3,530 ￦ - ￦ 3,530 ￦ -
December 31, 2012
Book value Fair value Level 1 Level 2 Level 3
Financial assets
Derivatives assets ￦ 901 ￦ 901 ￦ - ￦ 901 ￦ -
Financial liabilities
Derivatives liabilities ￦ 53,555 ￦ 53,555 ￦ - ￦ 53,555 ￦ -
The table below provides the Company’s financial assets and financial liabilities that are carried at cost
since the fair values of the financial instruments are not readily determinable in the condensed consolidated
statements of financial position as of June 30, 2013 and December 31, 2012 (Unit: Won in millions):
As of June 30, 2013 As of December 31, 2012
Investment financial assets
Financial assets AFS(*) ￦ 1,767 ￦ 1,767
(*) Financial assets AFS are unlisted equity securities and recorded as at cost since they do not have quoted
prices in an active market and the fair values are not measured with reliability.
(4) The Company recognizes the transfers on the date of the event of change in circumstances that caused the
transfers.
(5) Valuation techniques and inputs used in measuring financial assets and financial liabilities categorized
within Level 2
- Derivative assets and derivative liabilities
Derivative assets and derivative liabilities consist of currency swaps and interest rate swaps.
Fair value of a currency swap is measured using reporting period end’s forward exchange rate whose term
is the same as residual period to maturity of the currency swap. In case that the forward exchange rate
whose term is matched to the residual period to maturity is not disclosed in the market, the forward
exchange rate is assumed by interpolating using announced forward exchange rates by terms. Discount rate
used in measuring fair value of a currency swap is a yield curve deducted by announced interest rate in the
market.
Discount rate and forward interest rate used in measuring fair value of an interest rate swap is determined
based on a yield curve deducted by announced rates in the market as of reporting period end. The fair value
of an interest rate swap is measured by discounting future cash flows assumed using the forward interest
rate above.
The inputs measuring a currency swap and an interest rate swap are deducted by observable forward
exchange rates and yield curves in the market as of reporting period end. Therefore, the Company classifies
a currency swap and an interest rate swap as Level 2 in fair value hierarchy.

40. - 31 -
(6) There are no significant changes in business environment or economic environment that affect fair values
of financial assets and financial liabilities held by the Company as of June 30, 2013.
(7) Book value of financial assets and financial liabilities
The table below provides book value by category of financial assets and financial liabilities recorded at fair
value in the consolidated statements of financial position as of June 30, 2013 and December 31, 2012 (Unit:
Won in millions):
June 30, 2013
Financial asset at
FVTPL
Loans and
receivables
Financial
assets
AFS
Hedging
derivatives TotalTrading
Designated
at
FVTPL
Financial assets
Cash and bank
deposit ￦ - ￦ - ￦ 898,352 ￦ - ￦ - ￦ 898,352
Investment financial
assets - - - 1,767 - 1,767
Card assets - - 9,110,762 - - 9,110,762
Other assets - - 172,485 - 15,377 187,862
Total ￦ - ￦ - ￦ 10,181,599 ￦ 1,767 ￦ 15,377 ￦10,198,743
June 30, 2013
Financial liabilities at
FVTPL
Amortized
cost
Hedging
derivatives TotalTrading
Designated
at
FVTPL
Financial liabilities
Borrowings ￦ - ￦ - ￦ 225,000 ￦ - ￦ 225,000
Bonds payable - - 6,324,911 - 6,324,911
Other liabilities - - 1,385,220 3,530 1,388,750
Total ￦ - ￦ - ￦ 7,935,131 ￦ 3,530 ￦ 7,938,661

41. - 32 -
December 31, 2012
Financial asset at
FVTPL
Loans and
receivables
Financial
assets
AFS
Hedging
derivatives TotalTrading
Designated
at
FVTPL
Financial assets
Cash and bank
deposit ￦ - ￦ - ￦ 824,576 ￦ - ￦ - ￦ 824,576
Investment financial
assets - - - 1,767 - 1,767
Card assets - - 9,707,038 - - 9,707,038
Loans - - - - - -
Other assets - - 181,391 - 901 182,292
Total ￦ - ￦ - ￦ 10,713,005 ￦ 1,767 ￦ 901 ￦10,715,673
December 31, 2012
Financial liabilities at
FVTPL
Amortized
cost
Hedging
derivatives TotalTrading
Designated
at
FVTPL
Financial liabilities
Borrowings ￦ - ￦ - ￦ 487,500 ￦ - ￦ 487,500
Bonds payable - - 6,533,176 - 6,533,176
Other liabilities - - 1,464,122 53,555 1,517,677
Total ￦ - ￦ - ￦ 8,484,798 ￦ 53,555 ￦ 8,538,353

42. - 33 -
(8) Net profit or loss of financial instruments by categories
Net profit or loss of financial instruments by categories for the six months ended June 30, 2013 and 2012,
is as follows (Unit: Won in million):
June 30, 2013
Interest
income
Interest
expense
Card
revenue
Card
expenses
(Reversal
of)
impairment
loss
Valuation
gain (loss)
Disposal
gain (loss)
Foreign
currency
translation
gain (loss)
Foreign
exchange
gain (loss)
Financial assets
Loans and
receivables ￦10,522 ￦ - ￦ 1,208,213 ￦ 519,711 ￦ - ￦ - ￦ - ￦ 38 ￦ 4,488
Financial
assets AFS - - - - 54 - - - -
Hedging
derivatives - - - - - - - - -
Financial
liabilities
Financial
liabilities at
amortized
cost 156,988 - - - - - (64,059) -
Hedging
derivatives - - - - - 64,059 - - -
Total ￦10,522 ￦156,988 ￦1,208,213 ￦ 519,711 ￦ 54 ￦ 64,059 ￦ - ￦ (64,021) ￦ 4,488
June 30, 2012
Interest
income
Interest
expense
Card
revenue
Card
expenses
(Reversal
of)
impairment
loss
Valuation
gain (loss)
Disposal
gain (loss)
Foreign
currency
translation
gain (loss)
Foreign
exchange
gain (loss)
Financial assets
Loans and
receivables ￦ 10,047 ￦ - ￦ 1,182,844 ￦ 529,562 ￦ - ￦ - ￦ - ￦ 8 ￦ 3,735
Financial
assets AFS - - - - 67 - - - -
Hedging
derivatives - - - - - 11,768 (799) - 799
Financial
liabilities
Financial
liabilities at
amortized
cost 173,241 - - - - - (11,768) -
Hedging
derivatives - - - - - - - - -
Total ￦10,047 ￦ 173,241 ￦ 1,182,844 ￦ 529,562 ￦ 67 ￦ 11,768) ￦ (799) ￦ (11,760) ￦ 4,534

43. - 34 -
30. NET INTEREST INCOME (EXPENSES):
Net interest expenses for the six months ended June 30, 2013 and 2012, are as follows (Unit: Won in millions):
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
Interest income
Cash and bank
deposit ￦ 5,125 ￦ 9,492 ￦ 4,227 ￦ 8,882
Others 556 1,030 524 1,165
Total 5,681 10,522 4,751 10,047
Interest expenses
Borrowings 5,547 10,375 6,392 13,520
Bonds payable 71,975 146,515 80,132 159,611
Others 48 98 55 110
Total 77,570 156,988 86,579 173,241
Net interest
expenses ￦ (71,889) ￦ (146,466) ￦ (81,828) ￦ (163,194)
31. NET COMMISSION INCOME:
Net commission income for the six months ended June 30, 2013 and 2012, is as follows (Unit: Won in millions):
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
Commission income
Card assets ￦ 386,861 ￦ 758,071 ￦ 379,088 ￦ 747,425
Total 386,861 758,071 379,088 747,425
Commission expense
Service fee 147,237 289,441 142,151 273,115
Financial payment fee 3,026 5,924 3,366 6,539
A new credit sale handling
fee 45,885 86,469 32,012 61,180
Merchants copayment fee 15 30 22 44
Overseas payment fee 10,599 25,906 9,585 18,394
Other 12,005 24,751 7,585 15,733
Total 218,767 432,521 194,721 375,005
Net commission income ￦ 168,094 ￦ 325,550 ￦ 184,367 ￦ 372,420

44. - 35 -
32. OTHER OPERATING REVENUE AND OTHER OPERATING EXPENSES:
Other operating income and other operating expenses for the six months ended June 30, 2013 and 2012, are as
follows (Unit: Won in millions):
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
Other operating revenue
Foreign exchange gain ￦ 3,033 ￦ 6,016 ￦ 2,472 ￦ 5,440
Foreign currency
translation gain - - (7,044) 13
Gain on valuation of
derivatives 30,644 64,059 6,608 11,768
Others 8,290 17,998 16,058 23,575
Total ￦ 41,967 ￦ 88,073 ￦ 18,094 ￦ 40,796
2013 2012
Three months
ended June 30.
Six months
ended June 30.
Three months
ended June 30.
Six months
ended June 30.
Other operating expenses
Foreign exchange loss ￦ 802 ￦ 1,528 ￦ 519 ￦ 906
Foreign currency
translation loss 30,643 64,021 6,522 11,773
Loss on derivative
transactions - - 24 799
Loss on valuation of
derivatives - - (7,053) -
Others 20,950 41,760 7,337 16,190
Total ￦ 52,395 ￦ 170,309 ￦ 7,349 ￦ 29,668