Review reports 2 q2016 en

HYUNDAICAPITALSERVICES,INC.ANDSUBSIDIARIES
CondensedConsolidatedInterimFinancialStatements
(Unaudited)
June30,2016
(WithIndependentAuditors’ReviewReportThereon)

HYUNDAI CAPITAL SERVICES, INC. AND SUBSIDIARIES
Condensed Consolidated Interim Financial Statements
(Unaudited)
June 30, 2016
Table of Contents
Page
Independent Auditors’ Review Report 1
Condensed Consolidated Interim Statements of Financial Position 3
Condensed Consolidated Interim Statements of Comprehensive Income 5
Condensed Consolidated Interim Statements of Changes in Equity 7
Condensed Consolidated Interim Statements of Cash Flows 8
Notes to Condensed Consolidated Interim Financial Statements 9

Independent Auditors’ Review Report
(Based on a report originally issued in Korean)
The Board of Directors and Shareholders
Hyundai Capital Services, Inc.:
We have reviewed the accompanying condensed consolidated interim financial statements of Hyundai
Capital Services, Inc. and its subsidiaries (the Group), which comprise the condensed consolidated
statement of financial position as of June 30, 2016, the condensed consolidated statements of
comprehensive income for the three-month and six-month periods ended June 30, 2016 and 2015, the
condensed consolidated statements of changes in equity and cash flows for the six-month periods ended
June 30, 2016 and 2015, and notes, comprising a summary of significant accounting policies and other
explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these condensed consolidated
interim financial statements in accordance with Korean International Financial Reporting Standards (K-
IFRS) No.1034, Interim Financial Reporting, and for such internal control as management determines
is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
Auditors’ Responsibility
Our responsibility is to issue a report on these condensed consolidated interim financial statements
based on our reviews.
We conducted our reviews in accordance with the Review Standards for Quarterly and Semiannual
Financial Statements established by the Securities and Futures Commission of the Republic of Korea.
A review of interim financial information consists of making inquiries, primarily of persons responsible
for financial and accounting matters, and applying analytical and other review procedures. A review is
substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing
and consequently does not enable us to obtain assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying
condensed consolidated interim financial statements referred to above are not prepared, in all material
respects, in accordance with K-IFRS No.1034, Interim Financial Reporting.
152, Teheran-ro, Gangnam-gu, Seoul 06236
(Yeoksam-dong, Gangnam Finance Center 27th Floor)
Republic of Korea

2
Other matters
The procedures and practices utilized in the Republic of Korea to review such condensed consolidated
interim financial statements may differ from those generally accepted and applied in other countries.
The consolidated statement of financial position of the Group as of December 31, 2015, and the related
consolidated statements of comprehensive income, changes in equity and cash flows for the year then
ended, which are not accompanying this report, were audited by us in accordance with Korean Standards
on Auditing and our report thereon, dated February 25, 2016, expressed an unqualified opinion. The
accompanying condensed consolidated statement of financial position of the Group as of December 31,
2015, presented for comparative purposes, is consistent, in all material respects, with the audited
consolidated financial statements from which it has been derived.
Seoul, Republic of Korea
August 10, 2016
This report is effective as of August 10, 2016, the review report date. Certain subsequent events or
circumstances, which may occur between the review report date and the time of reading this report,
could have a material impact on the accompanying condensed consolidated interim financial
statements and notes thereto. Accordingly, the readers of the review report should understand that the
above review report has not been updated to reflect the impact of such subsequent events or
circumstances, if any.
ABCD

Condensed Consolidated Interim Statements of Financial Position (Unaudited)
As of June 30, 2016 and December 31, 2015
(In millions of Korean won)
June 30, December 31,
Notes 2016 2015
Assets
Cash and due from other financial institutions
Cash and cash equivalents 22 W 858,253 862,864
Due from banks 5,061 2,496
Short-term financial investments 4 1,216,087 758,705
2,079,401 1,624,065
Securities 5
Available-for-sale securities 82,550 77,550
Investments in associates 424,810 243,449
507,360 320,999
Loans receivable 6,7,25
Loans receivable 8,721,805 8,816,056
Allowance for loan losses (328,357) (323,946)
8,393,448 8,492,110
Installment financial assets 6,7,25
Automobile installment financing receivables 9,351,694 8,930,463
Allowance for loan losses - automobile (72,083) (73,140)
Durable goods installment financing receivables 374 614
Allowance for loan losses - durable goods (53) (82)
Mortgage installment financing receivables 2,321 3,237
Allowance for loan losses - mortgage (39) (86)
9,282,214 8,861,006
Lease receivables 6,7,25
Finance lease receivables 2,602,300 2,675,631
Allowance for loan losses - finance lease (43,280) (46,445)
Cancelled lease receivables 25,138 23,156
Allowance for loan losses - cancelled lease (21,778) (21,689)
2,562,380 2,630,653
Leased assets
Operating lease assets 2,282,349 2,058,300
Accumulated depreciation (637,842) (594,607)
Accumulated impairment losses (447) (433)
Cancelled lease assets 10,250 7,645
Accumulated impairment losses (4,350) (4,150)
1,649,960 1,466,755
Property and equipment, net 8 265,302 253,213
Other assets
Non-trade receivables 160,675 128,292
Allowance for doubtful accounts 7 (9,998) (7,822)
Accrued revenues 94,086 100,952
Allowance for doubtful accounts 7 (9,578) (11,164)
Advance payments 39,641 125,694
Prepaid expenses 74,155 61,241
Intangible assets 9 155,367 60,255
Derivative assets 13,26 193,256 179,154
Leasehold deposits 22,021 22,180
719,625 658,782
Total assets W 25,459,690 24,307,583
See accompanying notes to the condensed consolidated interim financial statements
3

Condensed Consolidated Interim Statements of Financial Position (Unaudited) (Continued)
As of June 30, 2016 and December 31, 2015
June 30, December 31,
Notes 2016 2015
Liabilities
Borrowed funds 10
Borrowings W 1,546,801 1,763,872
Bonds issued 18,758,157 17,637,558
20,304,958 19,401,430
Other liabilities
Non-trade payables 300,969 325,070
Accrued expenses 171,246 175,132
Unearned revenue 27,216 39,394
Withholdings 84,574 60,240
Derivative liabilities 13,26 180,164 140,234
Current tax liabilities 63,502 43,380
Employee benefit liabilities 11 44,778 30,797
Deposits received 521,441 546,574
Deferred income tax liabilities 19 49,857 43,353
Provisions 12 7,868 7,053
Other 20 40
1,451,635 1,411,267
Total liabilities 21,756,593 20,812,697
Equity
Equity attributable to the owners of the Company
Issued capital 496,537 496,537
Capital surplus 407,539 407,539
Accumulated other comprehensive loss 21 (70,576) (45,267)
Retained earnings 14 2,857,953 2,629,079
3,691,453 3,487,888
Non-controlling interests 11,644 6,998
Total equity 3,703,097 3,494,886
Total liabilities and equity W 25,459,690 24,307,583
4

Condensed Consolidated Interim Statements of Comprehensive Income (Unaudited)
For the three-month and six-month periods ended June 30, 2016 and 2015
Three-month periods Six-month periods
ended June 30, ended June 30,
Notes 2016 2015 2016 2015
Operating revenue
Interest income 15 W 8,391 5,531 13,209 13,902
Gain on valuation and sale of securities 327 349 779 842
Income on loans 15,16 232,097 277,213 474,646 566,003
Income on installment financial assets 15,16 121,226 107,066 244,122 206,740
Income on leases 15,16 224,316 215,042 446,261 426,679
Gain on sale of loans 80,599 37,378 83,366 40,483
Gain on foreign currency transactions (45,639) 3,001 49,633 41,612
Dividend income 450 295 2,122 2,243
Other operating income 17 59,925 165,872 119,922 243,227
Total operating revenue 681,692 811,747 1,434,060 1,541,731
Operating expenses
Interest expense 15 152,219 163,927 304,964 336,195
Lease expense 16 139,348 128,069 276,371 250,260
Provision for loan losses 7 67,065 72,345 123,725 149,212
Loss on foreign currency transactions 20,306 127,746 42,904 171,973
General and administrative expenses 18 171,364 183,965 341,417 360,059
Other operating expenses 17 (33,185) 16,006 73,570 66,560
Total operating expenses 517,117 692,058 1,162,951 1,334,259
Operating income 164,575 119,689 271,109 207,472
Non-operating income
Share in net income of associates
under the equity method 5 15,400 10,097 32,649 19,087
Gain on sale of property and equipment 231 18 384 1,250
Reversal of impairment loss
on intangible assets 54 — 54 —
Other 2,201 1,043 3,781 2,415
Total non-operating income 17,886 11,158 36,868 22,752
Non-operating expenses
Share in net loss of associates
under the equity method 5 (146) (167) — 18
Loss on sale of property and equipment 21 89 24 366
Donation 5 117 622 129
Other 7 173 362 402
Total non-operating expenses (113) 212 1,008 915
Profit before income taxes 182,574 130,635 306,969 229,309
Income tax expense 19 45,503 33,660 79,489 57,750
Profit for the period W 137,071 96,975 227,480 171,559
5

Condensed Consolidated Interim Statements of Comprehensive Income (Unaudited) (Continued)
For the three-month and six-month periods ended June 30, 2016 and 2015
Three-month periods Six-month periods
Notes 2016 2015 2016 2015
Other comprehensive income (loss), 21
net of income taxes
Items that will never be reclassified
to profit or loss:
Remeasurements of defined
benefit plans W 781 1,380 (2,409) (2,614)
Items that are or may be reclassified
subsequently to profit or loss:
Net change in unrealized gains and
losses on available-for-sale
securities (1,534) 3,559 (2,930) 6,585
Share in other comprehensive income
(loss) of associates under the
equity method (6,654) 54 (10,853) (311)
Net change in effective portion of
cash flow hedges (13,862) (8,287) (10,614) (2,148)
Net change in foreign currency
translation adjustments (172) 541 1,621 (798)
Total other comprehensive
income (loss), net of
income taxes (21,441) (2,753) (25,185) 714
Total comprehensive income for the period W 115,630 94,222 202,295 172,273
Profit attributtable to:
Owners of the Company W 137,772 96,975 228,874 171,559
Non-controlling interests (701) — (1,394) —
W 137,071 96,975 227,480 171,559
Total comprehensive income
attributtable to:
Owners of the Company W 116,363 94,222 203,565 172,273
Non-controlling interests (733) — (1,270) —
W 115,630 94,222 202,295 172,273
Earnings per share
Basic and diluted earnings per share 20 W 1,380 977 2,291 1,728
(in won)
6

Condensed Consolidated Interim Statements of Changes in Equity (Unaudited)
For the six-month periods ended June 30, 2016 and 2015
Equity attributable to owners of the Company
Capital surplus Accumulated
Additional Other other com- Non-
Issued paid-in capital prehensive Retained controlling Total
Capital capital surplus income earnings Total interests equity
Balances as of January 1, 2015 W 496,537 369,339 38,200 (64,595) 2,598,085 3,437,566 — 3,437,566
Profit for the period — — — — 171,559 171,559 — 171,559
Other comprehensive income (loss):
Net change in unrealized gains and losses on
available-for-sale securities — — — 6,585 — 6,585 — 6,585
Share in other comprehensive loss of associates
under the equity method — — — (311) — (311) — (311)
Net change in effective portion of cash flow hedges — — — (2,148) — (2,148) — (2,148)
Net change in foreign currency translation adjustments — — — (798) — (798) — (798)
Remeasurements of defined benefit plans — — — (2,614) — (2,614) — (2,614)
Total comprehensive income — — — 714 171,559 172,273 — 172,273
Balances as of June 30, 2015 W 496,537 369,339 38,200 (63,881) 2,769,644 3,609,839 — 3,609,839
Balances as of January 1, 2016 W 496,537 369,339 38,200 (45,267) 2,629,079 3,487,888 6,998 3,494,886
Profit for the period — — — — 228,874 228,874 (1,394) 227,480
Other comprehensive income (loss):
Net change in unrealized gains and losses on
available-for-sale securities — — — (2,930) — (2,930) — (2,930)
Share in other comprehensive loss of associates
under the equity method — — — (10,853) — (10,853) — (10,853)
Net change in effective portion of cash flow hedges — — — (10,614) — (10,614) — (10,614)
Net change in foreign currency translation adjustments — — — 1,497 — 1,497 124 1,621
Remeasurements of defined benefit plans — — — (2,409) — (2,409) — (2,409)
Total comprehensive income — — — (25,309) 228,874 203,565 (1,270) 202,295
Transaction with owners of the Company
Increase in non-controlling interests from contribution — — — — — — 5,916 5,916
Balances as of June 30, 2016 W 496,537 369,339 38,200 (70,576) 2,857,953 3,691,453 11,644 3,703,097
7

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)
For the six-month periods ended June 30, 2016 and 2015
Notes 2016 2015
Cash flows from operating activities
Cash generated from operations 22 W (303,371) 392,112
Interest received 13,057 14,679
Interest paid (290,244) (326,644)
Dividends received 2,122 2,243
Income taxes paid (43,922) (53,124)
Net cash provided by (used in) operating activities (622,358) 29,266
Cash flows from investing activities
Acquisition of investments in associates (163,134) —
Dividends received from associates 105 —
Acquisition of property and equipment (21,656) (17,786)
Proceeds from sale of property and equipment 469 920
Acquisition of intangible assets (105,033) (4,146)
Proceeds from sale of intangible assets 921 413
Increase in leasehold deposits (941) (340)
Decrease in leasehold deposits 1,479 512
Net cash used in investing activities (287,790) (20,427)
Cash flows from financing activities
Proceeds from borrowings 954,195 870,521
Repayments of borrowings (1,322,000) (924,960)
Proceeds from issue of bonds 2,896,357 4,056,236
Repayments of bonds (1,628,931) (3,893,090)
Increase in non-controlling interests from contribution 5,916 —
Net cash provided by financing activities 905,537 108,707
Effect of exchange rate fluctuations on
cash and cash equivalents held — (9)
Net increase (decrease) in cash and cash equivalents (4,611) 117,537
Cash and cash equivalents at beginning of the year 22 862,864 608,207
Cash and cash equivalents at end of the period 22 W 858,253 725,744
8

Notes to Condensed Consolidated Interim Financial Statements
(Unaudited)
June 30, 2016
9 (Continued)
1. Reporting Entity
Hyundai Capital Services, Inc. (the Company) was established on December 22, 1993, to engage
in installment financing, facilities leasing and new technology financing. The Company changed its
trade name from Hyundai Auto Finance Co., Ltd. to Hyundai Financial Services Co. on April 21, 1995,
and changed its trade name once again to Hyundai Capital Services, Inc. on December 30, 1998. In
accordance with the Monopoly Regulation and Fair Trade Act, the Company is incorporated into
Hyundai Motor Company Group. As of June 30, 2016, the Company’s operations are headquartered at
3 Uisadang-daero, Yeongdeungpo-gu, Seoul, Korea. Its major shareholders are Hyundai Motor
Company, Kia Motors Corporation and IGE USA Investments with 59.67%, 20.10% and 20.00%
ownership, respectively.
IGE USA Investments entered into an agreement with Kia Motors Corporation and Hyundai Motor
Company to sell its share of 20.10% and 3.20% ownership interests, respectively, on December 22,
2015, which was completed on January 5, 2016.
The consolidated financial statements include the accounts of the Company and its subsidiaries,
including Autopia 45th
Asset Securitization Specialty Company (ABS SPC) with trust for the
securitization, and other subsidiaries as summarized below (collectively, the Group). Investments in
Beijing Hyundai Auto Finance Co., Ltd. and four other associates are accounted for under the equity
method.
(1) The Group’s subsidiaries
Subsidiaries as of June 30, 2016 and December 31, 2015 are as follows. Asset securitization
vehicles are special purpose vehicles which are sponsored by the Group under its securitization program.
The Group is exposed to variability of returns of the vehicles through its holding of debt securities in
the vehicles and by issuing financial guarantees to the vehicles; and the Group manages key decisions
that significantly affect these vehicles’ returns. As a result, the Group has concluded that it controls
these vehicles even though its ownership interests over these securitization vehicles do not exceed 50%.
(*1) Including trusts for asset securitization
(*2) Hyundai Capital Europe GmbH holds 100% ownership interests of Hyundai Capital Services
Limited Liability Company located at Russia.
Ownership June 30, December 31,
Location (%) 2016 2015
Asset securitization vehicles:
Korea 0.9 Autopia 45
th
and 46
th
Autopia 44
th
, 45
th
, 46
th
,
ABS SPCs (*1) and 47
th
ABS SPCs (*1)
0.5 Autopia 49th
, 50th
, 51st
, 52nd
, 54th
, 55th
, 56th
, Autopia 49th
, 50th
, 51st
, 52nd
, 54th
,
57
th
, 58
th
, 59
th
, 60
th
and 61
st
ABS SPCs (*1) 55
th
, 56
th
, 57
th
, 58
th
and 59
th
ABS SPCs (*1)
0.31 HB Fourth ABS SPC HB Fourth ABS SPC
Limited liability companies:
Germany 100 Hyundai Capital Europe GmbH (*2) Hyundai Capital Europe GmbH (*2)
80 Hyundai Capital Services Deutschland GmbH Hyundai Capital Services Deutschland GmbH
India 100 Hyundai Capital India Private Ltd. Hyundai Capital India Private Ltd.
Brazil 100 Hyundai Capital Brasil LTDA Hyundai Capital Brasil LTDA
Stock company:
Australia 100 Hyundai Capital Australia Pty Limited
Trusts:
Korea 100 Specified money trust (36 trusts) Specified money trust (20 trusts)

(Unaudited)
June 30, 2016
10 (Continued)
(2) Changes in subsidiaries
Subsidiaries that are included in and excluded from the Group’s consolidated financial statements,
except for changes in the number of specified money trust accounts in which the Group invests, during
the six-month period ended June 30, 2016 are as follows:
(a) Subsidiaries newly included in the consolidated financial statements during the period
 Autopia 60th
and 61st
ABS SPCs (including trusts for asset securitization): structured entities
newly established for the Autopia asset securitization program
 Hyundai Capital Australia Pty Limited: a subsidiary newly established in Australia on March 9,
2016
(b) Subsidiaries excluded from the consolidated financial statements during the period
 Autopia 44th
and 47th
ABS SPCs (including trust for asset securitization): structured entities
dissolved
(3) Key financial information of subsidiaries
Key financial information of subsidiaries as of and for the six-month period ended June 30, 2016
is summarized as follows:
(4) Nature of risks related to consolidated structured entities
As of June 30, 2016, the Company provides guarantees to the counterparties of currency swaps at
Autopia 45th
, 46th
, 49th
, 52nd
, 57th
, 59th
and 60th
ABS SPCs, structured entities that the Group consolidates,
in relation to asset backed securitized notes issued. These guarantees would require the Company to
reimburse the swap counterparties for losses that they incur if these structured entities do not perform
in accordance with the contractual terms of the swaps.
(in millions of Korean won) Total
compre-
Operating Profit (loss) hensive
Assets Liabilities Equity revenue for the year income (loss)
Hyundai Capital Europe GmbH W 10,629 7,139 3,490 1,630 (138) 642
Hyundai Capital Services Deutschland GmbH 66,144 7,923 58,221 7,887 (6,970) (6,475)
Hyundai Capital India Private Ltd. 835 120 715 592 43 28
Hyundai Capital Brasil LTDA 5,452 118 5,334 2,445 917 1,789
Hyundai Capital Australia Pty Limited 766 68 698 197 18 13
Autopia ABS SPCs 3,525,145 3,538,566 (13,421) 36,376 (67) (12,242)
Autopia ABS trusts 6,157,327 5,766,996 390,331 257,142 69,196 69,196
HB ABS SPCs 656 3 653 61 43 43
Specified money trusts 974,453 — 974,453 2,253 2,253 2,253

(Unaudited)
June 30, 2016
11 (Continued)
2. Basis of Preparation
(1) Statement of compliance
The condensed consolidated interim financial statements have been prepared in accordance with
Korean International Financial Reporting Standards (K-IFRS), as prescribed in the Act on External
Audits of Corporations in the Republic of Korea.
These condensed consolidated interim financial statements were prepared in accordance with K-
IFRS No. 1034, Interim Financial Reporting, as part of the period covered by the Group’s K-IFRS
annual financial statements. Selected explanatory notes are included to explain events and transactions
that are significant to an understanding of the changes in financial position and performance of the
Group since the last annual consolidated financial statements as at and for the year ended December 31,
2015. These condensed consolidated interim financial statements do not include all of the disclosures
required for full annual financial statements.
(2) Use of estimates and judgments
The preparation of the condensed consolidated interim financial statements in conformity with K-
IFRS requires management to make judgments, estimates and assumptions that affect the application
of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual
results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognized in the period in which the estimates are revised and in any future periods
affected.
In preparing these condensed consolidated interim financial statements, the significant judgments
made by management in applying the Group’s accounting policies and the key sources of estimation
uncertainty were the same as those that applied to the consolidated financial statements as of and for
the year ended December 31, 2015.
(3) Measurement of fair value
The Group regularly reviews significant unobservable inputs and valuation adjustments. If third
party information, such as broker quotes or pricing services, is used to measure fair values, then the
Group assesses the evidence obtained from the third parties to support the conclusion that such
valuations meet the requirements of K-IFRS, including the level in the fair value hierarchy.
When measuring the fair value of an asset or a liability, the Group uses market observable data as
far as possible. Fair values are categorized into different levels in a fair value hierarchy based on the
inputs used in the valuation techniques as follows.
 Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
 Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset
or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
 Level 3: inputs for the asset or liability that are not based on observable market data
(unobservable inputs).
If the inputs used to measure the fair value of an asset or a liability might be categorized in different
levels of the fair value hierarchy, then the fair value measurement is categorized in its entirety in the
same level of the fair value hierarchy as the lowest level input that is significant to the entire
measurement.

(Unaudited)
June 30, 2016
12 (Continued)
The Group recognizes transfers between levels of the fair value hierarchy at the end of the reporting
period during which the change has occurred.
Further information about the assumptions made in measuring fair values is included in Note 27.

(Unaudited)
June 30, 2016
13 (Continued)
3. Significant Accounting Policies
The significant accounting policies applied by the Group in preparation of its consolidated financial
statements are included below.
(1) Changes in accounting policies
Except as described below, the accounting policies applied by the Group in these consolidated
financial statements are the same as those applied by the Group in its consolidated financial statements
as of and for the year ended December 31, 2015. The Group has applied the following amendments to
standards, with a date of initial application of January 1, 2016.
Amendments to K-IFRS No. 1001, Presentation of Financial Statements (amended by Disclosure
Initiative)
To address some of the perceived problems with current disclosure requirements, clarifications to
K-IFRS 1001, Presentation of Financial Statements, was published in May 2016. There is an emphasis
on materiality. Specific single disclosures that are not material do not have to be presented – even if
they are a minimum requirement of a standard. An entity shall also consider whether to provide
additional disclosures when compliance with the specific requirements in IFRS is insufficient to enable
users of financial statements to understand the impact of particular transactions, other events and
conditions on the entity's financial position and financial performance. The presentation in the statement
of comprehensive income of items of other comprehensive income arising from joint ventures and
associates accounted for using the equity method follows K-IFRS 1001’s approach of splitting items
that may, or that will never, be reclassified to profit or loss.
These narrow-scope amendments are effective for annual periods beginning on or after January 1,
2016. The adoption of the amendments had no significant impact on the Group’s consolidated financial
statements.
(2) New accounting standards issued but not yet effective
Anumber of new standards and amendments to standards are effective for annual periods beginning
after January 1, 2016, and earlier adoption is permitted; however the Group has not early adopted the
following new or amended standards in prepared these consolidated financial statements.
K-IFRS No. 1109, Financial Instruments
K-IFRS 1109, published in December 2015, replaces the existing guidance in K-IFRS No. 1039,
Financial Instruments: Recognition and Measurement. K-IFRS 1109 includes revised guidance on the
classification and measurement of financial instruments, a new expected credit loss model for
calculating impairment on financial assets, and new general hedge accounting requirements. It also
carries forward the guidance on recognition and derecognition of financial instruments from K-IFRS
No. 1039.
K-IFRS 1109 is effective for annual periods beginning on or after January 1, 2018, with early
adoption permitted.
The Group is assessing the potential impact on its consolidated financial statements resulting from
the application of K-IFRS 1109.

(Unaudited)
June 30, 2016
14 (Continued)
K-IFRS No. 1115, Revenue from Contracts with Customers
K-IFRS 1115, published in January 2016, establishes a comprehensive framework for determining
whether, how much and when revenue is recognized. It replaces existing revenue recognition guidance,
including K-IFRS No. 1018, Revenue, K-IFRS No. 1011, Construction Contracts and K-IFRS No. 2113,
Customer Loyalty Programmes.
K-IFRS 1115 is effective for annual reporting periods beginning on or after January 1, 2018, with
early adoption permitted.
The Group is assessing the potential impact on its consolidated financial statements resulting from
the application of K-IFRS 1115.

(Unaudited)
June 30, 2016
15 (Continued)
4. Short-term Financial Investments
Short-term financial investments as of June 30, 2016 and December 31, 2015 are as follows:
For liquidity management, the Group holds short-term investments in excess of immediate funding
needs. These excess funds are invested in short-term, highly liquid and investment grade money market
instruments, which provide liquidity for the Group’s short-term funding needs and flexibility in the use
of other funding sources.
(1) Debt securities
Details of debt securities in short-term financial investments as of June 30, 2016 and December 31,
2015 are as follows:
(2) Beneficiary certificates
Details of beneficiary certificates in short-term financial investments as of June 30, 2016 and
December 31, 2015 are as follows:
(in millions of Korean won) June 30, December 31,
2016 2015
Debt securities W 1,104,055 658,701
Beneficiary certificates 112,032 100,004
W 1,216,087 758,705
(in millions of Korean won) June 30, 2016
Interest Acquisition Carrying
Details rate (%) cost amount
Commercial paper and Nonghyup Bank Co., Ltd.
repurchase agreements and 185 others 1.45 ~ 1.88 W 1,100,785 1,104,055
(in millions of Korean won) December 31, 2015
Interest Acquisition Carrying
Details rate (%) cost amount
Commercial paper and Korea Development Bank
repurchase agreements and 110 others 1.49~1.90 W 657,811 658,701
Acquisition Carrying
Details cost amount
Money market funds Hana UBS Class One MMF (K-5) C-F W 30,000 30,007
Money market funds Kyobo Axa Prime Corporate MMF J-1 C 30,000 30,000
Money market funds Dongbu Together Corporate MMF 2 C 2,000 2,008
Money market funds Heungguk Safe MMF 50,000 50,017
W 112,000 112,032
Acquisition Carrying
Details cost amount
Money market funds Hana UBS Class One MMF K-5 W 100,000 100,004

(Unaudited)
June 30, 2016
16 (Continued)
5. Securities
Securities as of June 30, 2016 and December 31, 2015 are as follows:
2016 2015
Available-for-sale securities
Equity securities
Marketable equity securities W 19,637 24,694
Unlisted equity securities 13,185 11,656
32,822 36,350
Debt securities
Government and public bonds 1,913 2,296
Corporate bonds 30,993 31,397
32,906 33,693
Beneficiary certificates 16,822 7,507
82,550 77,550
Investments in associates 424,810 243,449
W 507,360 320,999

(Unaudited)
June 30, 2016
17 (Continued)
5.1. Available-for-sale Securities
Available-for-sale securities as of June 30, 2016 and December 31, 2015 are as follows:
(1) Equity securities
(*1) The fair value of Hyundai Finance Corporation (HFC) is estimated at the average of appraisal
value quoted from two independent valuation service providers, using the valuation technique based on
the net asset value approach (NAV model), and the market approach. Under the net asset value approach,
a technique generally considered to be under cost approach, the fair value of unlisted equity securities
is measured based on the investee’s assets and liabilities. Under the market approach, comparable entity
valuation multiples (one-year average price-to-book ratio) derived from quoted prices in exchange
markets is used in applying valuation technique. The Group has reviewed the underlying assumptions
and concurs with the methodology employed.
(2) Debt securities
The fair value of Seoul Metropolitan Rapid Transit Corp. and other Korean municipal bonds is
quoted from broker and dealer companies. The fair value of Autopia 53rd
ABS SPC is quoted from an
independent valuation service provider, using the valuation technique based on the income approach
(DCF model).
(3) Beneficiary certificates
The fair value of the beneficiary certificate is quoted from an independent valuation service
provider, using the valuation technique based on the net asset value approach (NAV model).
(in millions of Korean won) Carrying amount
Number Ownership Acquisition June 30, December 31,
of shares (%) cost 2016 2015
Marketable equity securities
NICE Information Service Co., Ltd. 1,365,930 2.25 W 3,312 9,411 14,001
NICE Holdings Co., Ltd. 491,620 1.30 3,491 10,226 10,693
Unlisted equity securities
Hyundai Finance Corporation (*1) 1,700,000 9.29 9,888 13,015 11,487
Korean Egloan, Inc. 4,000 3.12 100 100 100
Golfclub Lich AG 14 0.59 60 70 69
W 16,851 32,822 36,350
Interest rate Acquisition June 30, December 31,
Issuer (%) cost 2016 2015
Government and Seoul Metropolitan Rapid
public bonds Transit Corp. and other
Korean municipal bonds 1.50 W 1,798 1,913 2,296
Corporate bonds Autopia 53rd
ABS SPC 3.59, 4.42 30,000 30,993 31,397
W 31,798 32,906 33,693
Acquisition June 30, December 31,
cost 2016 2015
Hyundai Ship Special Asset Investment Trust III W 5,098 5,248 5,493
Hi Ocean PCTC PF Special Asset Ship 1 978 990 1,012
Hi Ocean PCTC PF Special Asset Ship 2 1,000 1,002 1,002
Hi Ocean Tanker Prof PF SA Ship 1 9,504 9,582 —
W 16,580 16,822 7,507

(Unaudited)
June 30, 2016
18 (Continued)
5.2. Investments in Associates
(1) Details of investments in associates
Details of investments in associates as of June 30, 2016 and December 31, 2015 are as follows:
(*1) While the Group holds less than 20% of the voting rights, it has the ability to exercise
significant influence through representation on the board of directors or equivalent governing body of
the investee. Therefore, investments in these entities are accounted for using the equity method.
(*2) Due to the unavailability of the financial statements as of June 30, 2016, the equity method
was applied using the investee’s financial statements as of May 31, 2016. There were no significant
transactions between May 31 and June 30, 2016.
(*1) While the Group holds less than 20% of the voting rights, it has the ability to exercise
significant influence through representation on the board of directors or equivalent governing body of
the investee. Therefore, investments in these entities are accounted for using the equity method.
(*2) Due to the unavailability of the financial statements as of December 31, 2015, the equity
method was applied using the investee’s financial statements as of November 30, 2015. There were no
significant transactions between November 30 and December 31, 2015.
June 30, 2016
Principal Date of
Ownership place of financial
(%) business statements Industry
Hi Network, Inc. (*1)(*2) 19.99 Korea 5/31/2016 Insurance brokerage
Korea Credit Bureau (*1) 7.00 Korea 6/30/2016 Credit information service
Hyundai Capital Germany GmbH 30.01 Germany 6/30/2016 Automobile finance brokerage
Hyundai Capital UK Ltd. 29.99 U.K. 6/30/2016 Automobile finance
Beijing Hyundai Auto Finance Co., Ltd. 46.00 China 6/30/2016 Automobile finance
December 31, 2015
Principal Date of
Ownership place of financial
(%) business statements Industry
Hi Network, Inc. (*1)(*2) 19.99 Korea 11/30/2015 Insurance brokerage
Korea Credit Bureau (*1) 7.00 Korea 12/31/2015 Credit information service
Hyundai Capital Germany GmbH 30.01 Germany 12/31/2015 Automobile finance brokerage
Hyundai Capital UK Ltd. 29.99 U.K. 12/31/2015 Automobile finance
Beijing Hyundai Auto Finance Co., Ltd. 46.00 China 12/31/2015 Automobile finance

(Unaudited)
June 30, 2016
19 (Continued)
(2) Summary of financial information of investees
Summary of financial information of investees as of June 30, 2016 and December 31, 2015, for
assets and liabilities, for the six-month periods ended June 30, 2016 and 2015, for revenue and income,
and the reconciliation of investee’s net assets to the carrying amount of the investments in the Group’s
financial statements are as follows:
The
Group’s
Total Total Issued Total share in Carrying
assets liabilities capital equity net assets Goodwill amount
Hi Network, Inc. W 5,215 829 333 4,386 877 — 877
Korea Credit Bureau 60,543 10,480 10,000 50,063 3,505 1,037 4,542
Hyundai Capital Germany GmbH 6,961 703 3,547 6,258 1,878 — 1,878
Hyundai Capital UK Ltd. 2,489,922 2,337,522 96,055 152,400 45,705 — 45,705
Beijing Hyundai Auto Finance Co., Ltd. 4,336,696 3,528,417 708,965 808,279 371,808 — 371,808
(in millions of Korean won) Six-month period ended June 30, 2016
Other Total
compre- compre-
Net hensive hensive
Operating Interest Interest income income income
revenue income expense (loss) (loss) (loss) Dividends
Hi Network, Inc. W 5,034 31 — 313 — 313 —
Korea Credit Bureau 22,593 155 — (342) — (342) —
Hyundai Capital Germany GmbH 1,493 20 — 706 52 758 —
Hyundai Capital UK Ltd. 64,186 63,880 15,175 19,202 (16,023) 3,179 —
Beijing Hyundai Auto Finance Co., Ltd. 241,700 232,890 80,229 57,731 (20,714) 37,017 —
The
Group’s
Total Total Issued Total share in Carrying
assets liabilities capital equity net assets Goodwill amount
Hi Network, Inc. W 6,640 2,628 333 4,012 803 — 803
Korea Credit Bureau 63,960 13,076 10,000 50,884 3,562 1,037 4,599
Hyundai Capital Germany GmbH 6,919 1,419 3,547 5,500 1,650 — 1,650
Hyundai Capital UK Ltd. 2,418,817 2,269,597 96,055 149,220 44,751 — 44,751
Beijing Hyundai Auto Finance Co., Ltd. 3,807,059 3,390,437 354,325 416,622 191,646 — 191,646
Other Total
compre- compre-
Net hensive hensive
Operating Interest Interest income income income
revenue income expense (loss) (loss) (loss) Dividends
Hi Network, Inc. W 5,579 23 — 204 — 204 —
Korea Credit Bureau 19,060 185 — (260) — (260) —
Hyundai Capital Germany GmbH 2,193 32 — 1,026 (265) 761 —
Hyundai Capital UK Ltd. 58,125 54,673 11,672 13,117 (5,308) 7,809 —
Beijing Hyundai Auto Finance Co., Ltd. 153,451 148,516 56,992 32,183 2,741 34,924 —

(Unaudited)
June 30, 2016
20 (Continued)
(3) Roll-forward of investments in associates
The following tables present a roll-forward of the carrying amounts of investments in associates
for the six-month periods ended June 30, 2016 and 2015:
(4) Goodwill related to associates
Goodwill that forms part of the carrying amount of investment in Korea Credit Bureau was
amounted to W1,037 million as of June 30, 2016 and December 31, 2015.
Share in
other
compre-
Beginning Share in hensive Ending
balance Addition net income income (loss) Dividends balance
Hi Network, Inc. W 802 — 75 — — 877
Korea Credit Bureau 4,599 — 48 — (105) 4,542
Hyundai Capital Germany GmbH 1,651 — 211 16 — 1,878
Hyundai Capital UK Ltd. 44,751 — 5,759 (4,805) — 45,705
Beijing Hyundai Auto Finance Co., Ltd. 191,646 163,135 26,556 (9,529) — 371,808
W 243,449 163,135 32,649 (14,318) (105) 424,810
Share in
other
Share in compre-
Beginning net income hensive Ending
balance Addition (loss) income (loss) Dividends balance
Hi Network, Inc. 539 — 40 — — 579
Korea Credit Bureau 4,321 — (18) — — 4,303
Hyundai Capital Germany GmbH 1,550 — 308 (80) — 1,778
Hyundai Capital UK Ltd. 34,657 — 3,935 (1,592) — 37,000
Beijing Hyundai Auto Finance Co., Ltd. 168,051 — 14,804 1,261 — 184,116
W 209,118 — 19,069 (411) — 227,776

(Unaudited)
June 30, 2016
21 (Continued)
6. Financial Receivables
Financial receivables as of June 30, 2016 and December 31, 2015are as follows:
Deferred
loan costs,
net of fees
(Initial
Unpaid direct fees,
outstanding net of costs Present Allowance
principal on finance value for loan Carrying
balance leases) discounts losses amount
Loans receivable
Loans W 8,665,578 58,042 (1,815) (328,357) 8,393,448
Installment financial assets
Automobile 9,301,773 49,921 — (72,083) 9,279,611
Durable goods 374 — — (53) 321
Mortgage 2,317 4 — (39) 2,282
9,304,464 49,925 — (72,175) 9,282,214
Lease receivables
Finance lease receivables 2,602,630 (330) — (43,280) 2,559,020
Cancelled lease receivables 25,138 — — (21,778) 3,360
2,627,768 (330) — (65,058) 2,562,380
W 20,597,810 107,637 (1,815) (465,590) 20,238,042
Deferred
loan costs,
net of fees
(Initial
Unpaid direct fees,
outstanding net of costs Present Allowance
principal on finance value for loan Carrying
balance leases) discounts losses amount
Loans receivable
Loans W 8,767,452 50,380 (1,776) (323,946) 8,492,110
Installment financial assets
Automobile 8,874,379 56,084 — (73,140) 8,857,323
Durable goods 614 — — (82) 532
Mortgage 3,234 3 — (86) 3,151
8,878,227 56,087 — (73,308) 8,861,006
Lease receivables
Finance lease receivables 2,675,964 (333) — (46,445) 2,629,186
Cancelled lease receivables 23,156 — — (21,689) 1,467
2,699,120 (333) — (68,134) 2,630,653
W 20,344,799 106,134 (1,776) (465,388) 19,983,769

(Unaudited)
June 30, 2016
22 (Continued)
7. Allowances for Loan Losses
The following tables present a roll-forward of in allowance for loan losses including allowance for
doubtful accounts for other assets for the six-month periods ended June 30, 2016 and 2015:
Installment
Loans financial Lease Other
receivable assets receivables assets Total
Beginning balance W 323,946 73,308 68,134 18,986 484,374
Charge-offs (161,295) (21,648) (787) (1,981) (185,711)
Recoveries 53,827 6,427 77 5,303 65,634
Unwinding of discounts (2,628) (151) (77) — (2,856)
Provision for (release of) allowance 114,507 14,239 (2,289) (2,732) 123,725
Ending balance W 328,357 72,175 65,058 19,576 485,166
Installment
Loans financial Lease Other
receivable assets receivables assets Total
Beginning balance W 319,323 53,267 68,255 20,098 460,943
Charge-offs (180,690) (21,844) (399) (2,415) (205,348)
Recoveries 54,506 7,446 12 6,523 68,487
Unwinding of discounts (3,265) (155) (120) — (3,540)
Provision for (release of) allowance 129,552 22,424 1,319 (4,083) 149,212
Others (711) — (85) — (796)
Ending balance W 318,715 61,138 68,982 20,123 468,958

(Unaudited)
June 30, 2016
23 (Continued)
8. Property and Equipment
The following tables present a roll-forward of the carrying amounts of property and equipment for
the six-month periods ended June 30, 2016 and 2015:
(in millions of
Korean won) Six-month period ended June 30, 2016
Beginning Translation Ending
balance Addition Transfer Disposal Depreciation differences balance
Land W 97,883 — — — — — 97,883
Buildings 91,623 — — — (1,289) — 90,334
Vehicles 4,387 66 — (17) (431) 9 4,014
Fixture and
furniture 45,870 12,726 1,495 (65) (9,158) 43 50,911
Others 2,155 — — (28) — 4 2,131
Construction
in progress 11,295 10,276 (1,495) — — (47) 20,029
W 253,213 23,068 — (110) (10,878) 9 265,302
(in millions of
Beginning Translation Ending
balance Addition Transfer Disposal Depreciation differences balance
Land W 97,883 — — — — — 97,883
Buildings 87,589 6 815 — (1,204) — 87,206
Vehicles 5,062 286 — (82) (566) (13) 4,687
Fixture and
furniture 42,538 9,610 1,984 (287) (11,696) (20) 42,129
Others 2,101 — — — — — 2,101
Construction
in progress 13,149 6,480 (2,799) — — (45) 16,785
W 248,322 16,382 — (369) (13,466) (78) 250,791

(Unaudited)
June 30, 2016
24 (Continued)
9. Intangible Assets
The following tables present a roll-forward of the carrying amounts of intangible assets for the six-
month periods ended June 30, 2016 and 2015:
(in millions of
Beginning Reversal of Translation Ending
balance Addtion Disposal Amortization impairment differences balance
Development costs W 21,025 91,962 — (6,223) — — 106,764
Memberships 27,354 852 (921) — 54 8 27,347
Other intangible assets 11,876 11,751 — (2,363) — (8) 21,256
W 60,255 104,565 (921) (8,586) 54 — 155,367
(in millions of
Beginning Reversal of Translation Ending
balance Addition Disposal Amortization impairment differences balance
Development costs 24,896 3,845 (37) (5,717) — — 22,987
Memberships 29,545 49 — — — 5 29,599
Other intangible assets 2,821 — — (758) — (2) 2,061
W 57,262 3,894 (37) (6,475) — 3 54,647

(Unaudited)
June 30, 2016
25 (Continued)
10. Borrowed Funds
(1) Borrowings
Borrowings as of June 30, 2016 and December 31, 2015 are as follows:
(2) Bonds issued
Bonds issued as of June 30, 2016 and December 31, 2015 are as follows:
(in millions of Annual Carrying amount
Korean won) interest June 30, December 31,
Lender rate (%) Maturity 2016 2015
Short-term borrowings:
Commercial paper Shinhan Bank and 1.67 ~ July 22, 2016 through
KEB Hana Bank 2.10 September 28, 2016 W 140,000 530,000
General loans Kookmin Bank 2.36 ~ August 1, 2016 through
and 5 others 2.79 May 26, 2017 688,333 860,000
828,333 1,390,000
Current portion of
long-term borrowings:
General loans Shinhan Bank 2.32 ~ September 9, 2016 through
and 6 others 4.03 June 19, 2017 269,000 229,872
foreign currency — —
269,000 229,872
Long-term borrowings:
General loans Shinhan Bank 1.97 ~ August 28, 2017 through
and 4 others 3.10 May 27, 2019 449,468 144,000
W 1,546,801 1,763,872
(in millions of Korean won) Annual Carrying amount
interest June 30, December 31,
rate (%) Maturity 2016 2015
Short-term notes:
Asset-backed short-term bonds 1.97 ~ Novemver 25, 2016 through W 80,000 230,000
Less: discount on bonds 2.03 December 8, 2016 (32) (239)
79,968 229,761
Current portion of long-term bonds:
Bonds 1.66 ~ July 25, 2016 through 4,813,562 3,987,105
Less: discount on bonds 5.95 June 27, 2017 (5,034) (3,900)
4,808,528 3,983,205
Long-term bonds:
Bonds 0.00 ~ July 7, 2017 through 13,892,864 13,446,494
Less: discount on bonds 6.53 June 28, 2026 (23,203) (21,902)
13,869,661 13,424,592
W 18,758,157 17,637,558

(Unaudited)
June 30, 2016
26 (Continued)
11. Employee benefit liabilities
(1) Defined contribution plans
The Group recognized W98 million and W61 million in the statement of comprehensive income
for retirement benefits based on the defined contribution plan for the six-month periods ended June 30,
2016 and 2015, respectively.
(2) Defined benefit plans
(a) Characteristics of the defined benefit plan
The Group operates a defined benefit plan. Under the plan, eligible employees are paid severance
benefits based on average salaries of three months prior to the termination and service periods. The plan
assets are mainly comprised of interest rate guaranteed type instruments, and therefore, are exposed to
the risk of declining interest rates.
(b) Roll-forward of present value of defined benefit obligations
The following tables present a roll-forward of the present value of defined benefit obligations for
the six-month periods ended June 30, 2016 and 2015:
(c) Roll-forward of fair value of plan assets
The following tables present a roll-forward of the fair value of plan assets for the six-month periods
ended June 30, 2016 and 2015:
(in millions of Korean won) Six-month periods ended June 30,
2016 2015
Beginning balance W 110,044 91,189
Current service costs 9,339 8,243
Interest cost 1,309 1,202
Actuarial losses (gains):
Experience adjustments (1,221) 1,699
Changes in economic assumptions 4,035 1,510
Changes in demographic assumptions — 6
2,814 3,215
Transfer of severance benefits from (to) related parties, net (382) (18)
Benefits paid (6,836) (3,907)
Ending balance W 116,288 99,924
2016 2015
Contributions — —
Expected return on plan assets 1,020 944
Actuarial losses - Changes in economic assumptions (365) (235)
Transfer of severance benefits from (to) related parties, net (597) (339)
Benefits paid (7,722) (3,539)

(Unaudited)
June 30, 2016
27 (Continued)
(3) Other long-term employee benefit plans
The Group grants long service payments to employees and directors with certain periods of services.
The following tables present a roll-forward of other long-term benefit liability for the six-month periods
ended June 30, 2016 and 2015:
2016 2015
Current service costs 327 281
Interest cost 81 81
Actuarial losses (gains) (335) 253
Benefits paid — (398)

(Unaudited)
June 30, 2016
28 (Continued)
12. Provisions
Provisions include the allowance for unused loan commitments, residual value guarantees and asset
retirement obligations and others. A similar approach to the allowance for loan losses is used for
calculating a reserve for the estimated credit losses related to unused loan commitments.
The following tables present a roll-forward of the provisions for the six-month periods ended
June 30, 2016 and 2015:
(*1) The Group facilitates credits with limits, under which the Group provides commitments to
extend credits. Provision is made for estimated losses arising from unused loan commitments.
(*2) The Group facilitates certain installment financial receivable products which the Group
guarantees residual value of used automobiles for consumers. Provision is made for estimated incurred
losses arising from these residual value guarantees.
(*3) The Group recognizes provisions for asset retirement obligations (AROs) which represent the
estimated costs to restore the existing leased properties which are discounted to the present value using
the appropriate discount rate at the end of the reporting period. Disbursements of such costs are expected
to occur at the end of the lease contract. Such costs are reasonably estimated using the average lease
term and the average restoration expenses. The average lease term is calculated based on the past three-
year historical data of the expired leases. The average restoration expense is calculated based on the
actual costs incurred for the past three years using the five-year average inflation rate. The present value
of AROs is capitalized to the acquisition cost of leasehold improvements in fixture and furniture and
are depreciated over the useful life of the assets.
Unused Residual Asset
loan value retirement
commit- guaran- obliga-
ments (*1) tees (*2) tions (*3) Other Total
Beginning balance W 1,375 1,267 4,153 258 7,053
Provision for (release of) allowance (38) 255 (291) 17 (57)
Provisions made for AROs and
capitalized to related assets (*3) — — 848 — 848
Unwinding of interests — — 24 — 24
Ending balance W 1,337 1,522 4,734 275 7,868
Unused Residual Asset
loan value retirement
commit- guaran- obliga-
ments (*1) tees (*2) tions (*3) Other Total
Beginning balance W 1,431 809 5,208 — 7,448
Provision for (release of) allowance 26 324 (877) 201 (326)
Provisions made for AROs and —
capitalized to related assets (*3) — — 565 — 565
Unwinding of interests — — 27 — 27
Ending balance W 1,457 1,133 4,923 201 7,714

(Unaudited)
June 30, 2016
29 (Continued)
13. Derivative Financial Instruments and Hedge Accounting
(1) Trading derivatives
The Group had no balance of trading derivatives as of June 30, 2016 and December 31, 2015.
(2) Derivatives designated and qualifying as hedging instruments
In the normal course of business, the Group enters into derivative contracts to manage its exposures
to changes in future cash flows arising from volatilities in interest rate and foreign currency exchange
rates with its borrowings and bonds issued. The Group primarily uses interest rate swaps and currency
swaps to manage exposures to fluctuations in future cash flows due to interest rate risk and foreign
exchange risk. The Group also utilizes currency forward contracts to manage exposures to fluctuation
in future cash flows related to its lease contracts denominated in foreign currencies. There was no
change in overall strategy of the Group for cash flow hedges.
Derivatives that are designated and qualifying as hedging instruments for cash flow hedges as of
June 30, 2016 and December 31, 2015 are as follows:
(*1) Notional principal amount represents Korean won equivalent amounts of foreign currencies
for won-to-foreign currency transactions and receiving foreign currencies for foreign currency-to-
foreign currency transactions that are translated with the benchmark foreign currency exchange rate
disclosed by the Bank of Korea as of the reporting date.
Accumulated
Notional other
principal comprehensive
amount (*1) Assets Liabilities income (loss)
Interest rate swaps W 1,490,000 — 14,728 (11,165)
Currency swaps 6,930,221 193,256 165,436 (25,149)
Foreign currency forwards — — — —
W 8,420,221 193,256 180,164 (36,314)
Accumulated
Notional other
principal comprehensive
amount (*1) Assets Liabilities income (loss)
Interest rate swaps W 950,000 109 12,492 (9,386)
Currency swaps 6,189,397 179,045 127,729 (16,316)
Foreign currency forwards 715 — 13 2
W 7,140,112 179,154 140,234 (25,700)

(Unaudited)
June 30, 2016
30 (Continued)
Changes in effective portion of cash flow hedges for the six-month periods ended June 30, 2016
and 2015 are as follows:
The Group is expected to be exposed to the variability in future cash flows arising from hedged
items designated as cash flow hedges, until June 21, 2021. There was no cash flow hedges discontinued
during the six-month periods ended June 30, 2016 and 2015.
There was no ineffective portion recognized in profit or loss related to cash flow hedge for the six-
month periods ended June 30, 2016 and 2015.
Changes
in fair value
recognized
in other Reclassified
Beginning comprehensive to Ending
balance income (loss) profit or loss balance
Effective portion of cash flow hedges W (33,905) (20,293) 6,290 (47,908)
Income tax effects 8,205 11,594
Effective portion of cash flow hedges,
net of income taxes W (25,700) (36,314)
Changes
in fair value
recognized
in other Reclassified
Beginning comprehensive to Ending
balance income (loss) profit or loss balance
Effective portion of cash flow hedges W (54,292) 128,093 (130,927) (57,126)
Income tax effects 13,139 13,825
Effective portion of cash flow hedges,
net of income taxes W (41,153) (43,301)

(Unaudited)
June 30, 2016
31 (Continued)
14. Equity
(1) Regulatory reserve for loan losses
In accordance with the Article 11 of Regulation on Supervision of Specialized Credit Finance
Business mandated by the Financial Services Commission, the Group appropriates regulatory reserves
for loan losses which equal to the difference between allowance for loan losses estimated under K-IFRS
and allowance estimated based on regulatory risk grades of loans and receivables and minimum required
reserve ratio to each grade.
Details of regulatory reserve for loan losses as of June 30, 2016 and December 31, 2015 are as
follows:
(*1) Regulatory reserve for loan losses as of June 30, 2016 and December 31, 2015 represents the
amount which reflects the expected release of regulatory reserve for loan losses to appropriated
regulatory reserve for loan losses at the beginning of the year.
Release of regulatory reserve for loan losses and profit for the period and earnings per share
adjusted with release of regulatory reserve for loan losses for the six-month periods ended June 30,
2016 and 2015 are as follows:
(*1) Release of regulatory reserve for loan losses represents excess reserves expected to be released
for the six-month periods ended June 30, 2016 and 2015.
(*2) Profit for the period adjusted with release of regulatory reserve for losses is not prepared in
accordance with K-IFRS, but the amount reflects the expected release of regulatory reserve for loan
losses on a pre-tax basis on profit for the period.
2016 2015
Appropriated regulatory reserve for loan losses W 255,352 335,372
Expected release of regulatory reserve for loan losses (42,622) (80,020)
Regulatory reserve for loan losses (*1) W 212,730 255,352
(in millions of Korean won)
2016 2015
Profit for the period W 227,480 171,559
Add: release of regulatory reserve for loan losses (*1) 42,622 34,151
Profit for the period adjusted with release of
regulatory reserve for loan losses (*2) W 270,102 205,710
Basic and diluted earnings per share
adjusted with release of
regulatory reserve for loan losses (in won) W 2,720 2,071
Six-month periods ended June 30,

(Unaudited)
June 30, 2016
32 (Continued)
(2) Retained earnings
Details of retained earnings as of June 30, 2016 and December 31, 2015 are as follows:
(*1) Korean Commercial Act requires the Group to appropriate, as a legal reserve, an amount equal
to a minimum of 10% of annual cash dividends declared, until the reserve equals 50% of its issued
capital. The reserve is not available for the payment of cash dividends, but may be transferred to capital
stock or used to reduce accumulated deficit, if any.
2016 2015
Legal reserves:
Earned surplus reserve (*1) W 132,630 107,634
Discretionary reserves:
Regulatory reserve for loan losses 255,352 335,372
Reserve for electronic financial transactions 100 100
Reserve for business rationalization 74 74
255,526 335,546
Unappropriated retained earnings 2,469,797 2,185,899
W 2,857,953 2,629,079

(Unaudited)
June 30, 2016
33 (Continued)
15. Net Interest Income
Net interest income for the three-month and six-month periods ended June 30, 2016 and 2015 are
as follows:
(*1) Including amortization of unearned revenue for security deposits received for leases under the
effective interest method.
(*2) Including amortization of present value discounts under the effective interest method for the
security deposits paid for leased offices, amortization of present value discounts for customer deposits
received for leases and unwinding of provisions.
16. Net Fee Income
Net fee income for the three-month and six-month periods ended June 30, 2016 and 2015 are as
follows:
(in millions of Korean won) Three-month periods Six-month periods
2016 2015 2016 2015
Interest income:
Cash and due from other financial institutions W 7,616 4,995 11,915 12,277
Available-for-sale securities 301 303 601 601
Loans receivable 223,966 265,491 458,111 542,827
Installment financial assets 117,325 103,696 236,343 200,399
Lease receivables (*1) 50,207 56,739 92,641 102,823
Other (*2) 474 233 693 1,024
399,889 431,457 800,304 859,951
Interest expense:
Borrowings 9,193 11,052 19,297 22,946
Bonds issued 139,032 148,473 277,380 303,287
Other (*2) 3,994 4,402 8,287 9,962
152,219 163,927 304,964 336,195
Net interest income W 247,670 267,530 495,340 523,756
2016 2015 2016 2015
Fee income:
Loans receivable W 8,131 11,722 16,535 23,176
Installment financial assets 3,901 3,370 7,779 6,341
Lease receivables 42,036 38,991 80,229 78,602
54,068 54,083 104,543 108,119
Fee expenses:
Lease expenses 23,263 20,506 43,859 39,556
Net fee income W 30,805 33,577 60,684 68,563

(Unaudited)
June 30, 2016
34 (Continued)
17. Other Operating Income and Expenses
Other operating income and expenses for the three-month and six-month periods ended June 30,
18. General and Administrative Expenses
General and administrative expenses for the three-month and six-month periods ended June 30,
2016 2015 2016 2015
Other operating income:
Gain on valuation of derivatives W 19,217 99,227 39,147 142,135
Gain on derivatives transactions 1,433 28,496 3,306 29,829
Gain on short-term financial investments 894 716 3,302 850
Gain on purchased loan 11,623 13,273 23,517 26,542
Shared services income 9,647 9,829 15,673 14,352
Other fee and commission 15,417 14,169 31,172 27,173
Other 1,694 162 3,805 2,346
W 59,925 165,872 119,922 243,227
Other operating expenses:
Loss on valuation of derivatives W (47,154) (22,209) 45,077 15,402
Loss on derivatives transactions 551 24,749 3,666 25,635
Shared services expense 6,992 8,684 13,349 13,566
Other 6,426 4,782 11,478 11,957
W (33,185) 16,006 73,570 66,560
2016 2015 2016 2015
Salaries W 55,643 59,304 101,220 118,398
Severance benefits 7,189 6,155 14,610 10,432
Employee benefits 7,652 7,609 18,959 17,694
Advertising 11,697 17,751 23,285 32,426
Sales promotion 12,783 18,536 30,510 36,559
Rents 11,862 11,610 24,052 23,550
Utilities 2,456 2,518 5,140 5,080
Communication 3,522 3,855 7,189 7,605
Travel and transportation 1,612 1,560 2,918 2,675
Professional and other service fees 21,667 16,872 40,858 32,548
Outsourcing service charges 8,766 9,410 17,892 17,048
Commissions and charges 4,423 5,806 10,168 11,681
Depreciation 5,447 7,014 10,878 13,466
Amortization 5,068 3,165 8,586 6,475
Other 11,577 12,800 25,152 24,422
W 171,364 183,965 341,417 360,059

(Unaudited)
June 30, 2016
35 (Continued)
19. Income Taxes
(1) Income tax expense
Income tax expense for the six-month periods ended June 30, 2016 and 2015 are as follows:
(2) Deferred income taxes recognized directly to equity
Deferred income taxes recognized directly to equity for the six-month periods ended June 30, 2016
and 2015 are as follows:
(3) Effective tax rate reconciliation
Income tax expense attributable to net income was W79,489 million and W57,750 million for the
six-month periods ended June 30, 2016 and 2015, respectively, and differed from the amounts computed
by applying the statutory tax rate to profit before income taxes as a result of the following:
2016 2015
Current income tax expense W 64,426 63,834
Change in deferred income tax due to temporary differences 6,504 (5,604)
Deferred income taxes recognized directly to equity 8,559 (480)
Income tax expense W 79,489 57,750
2016 2015
Beginning Ending Beginning Ending
balance balance Changes balance balance Changes
Unrealized gains and losses on
available-for-sale securities W (5,123) (4,188) 935 (2,168) (4,270) (2,102)
Share in other comprehensive
income of associates
under the equity method (687) 2,778 3,465 326 426 100
Effective portion
of cash flow hedges 8,205 11,594 3,389 13,139 13,825 686
Remeasurements of
defined benefit plans 10,642 11,412 770 8,186 9,022 836
W 13,037 21,596 8,559 19,483 19,003 (480)
2016 2015
Profit before income taxes (A) W 306,969 229,309
Income taxes at statutory tax rates 73,799 55,031
Adjustments:
Non-taxable income — (2)
Non-deductible expense 91 140
Changes in estimates for tax provisions of the prior year 3,874 (139)
Others including tax credits and foreign subsidiaries 1,725 2,720
Income tax expense (B) W 79,489 57,750
Effective tax rate (B/A) 25.89% 25.18%

(Unaudited)
June 30, 2016
36 (Continued)
20. Earnings Per Share
(1) Basic earnings per share
Basic earnings per share attributable to common stock of equity holders for the three-month and
six-month periods ended June 30, 2016 and 2015 are as follows:
(2) Diluted earnings per share
There are no potential common stocks as of June 30, 2016 and 2015. Therefore, the diluted earnings
per share is equal to basic earnings per share for the three-month and six-month periods ended June 30,
2016 and 2015.
Three-month periods ended June 30, Six-month periods ended June 30,
2016 2015 2016 2015
Profit for the period attributable
to common stock (in won) (A) W 137,071,010,730 96,975,422,693 227,480,168,784 171,559,083,307
Weighted average of number of
outstanding common stocks (B) 99,307,435 99,307,435 99,307,435 99,307,435
Basic earnings per share (in won) (A/B) W 1,380 977 2,291 1,728

(Unaudited)
June 30, 2016
37 (Continued)
21. Other Comprehensive Income
Other comprehensive income for the six-month periods ended June 30, 2016 and 2015 are as
follows:
Changes
Reclassifi-
Beginning cation to Other Income tax Ending
balance profit or loss changes effects balance
Net change in unrealized
gains and losses on
available-for-sale securities W 16,051 (123) (3,742) 935 13,121
income (loss) of associates
under the equity method 2,152 — (14,318) 3,465 (8,701)
Net change in effective portion
of cash flow hedges (25,700) 6,290 (20,293) 3,389 (36,314)
translation adjustments (4,436) — 1,497 — (2,939)
Remeasurements of
defined benefit plans (33,334) — (3,179) 770 (35,743)
W (45,267) 6,167 (40,035) 8,559 (70,576)
Changes
Reclassifi-
Beginning cation to Other Income tax Ending
balance profit or loss changes effects balance
Net change in unrealized
gains and losses on
available-for-sale securities W 6,792 (87) 8,774 (2,102) 13,377
income (loss) of associates
under the equity method (*1) (1,021) — (411) 100 (1,332)
Net change in effective portion
of cash flow hedges (41,153) (130,927) 128,093 686 (43,301)
translation adjustments (3,573) — (798) — (4,371)
Remeasurements of
defined benefit plans (25,640) — (3,450) 836 (28,254)
W (64,595) (131,014) 132,208 (480) (63,881)

(Unaudited)
June 30, 2016
38 (Continued)
22. Supplemental Cash Flow Information
(1) Cash and cash equivalents
Details of cash and cash equivalents as of June 30, 2016 and December 31, 2015 are as follows:
(*1) Other cash equivalents include demand deposits, certificate of deposits, time deposits,
commercial paper, repurchase agreements and other debt instruments with maturities of three months
or less from the acquisition date that are readily convertible to known amounts of cash which are subject
to an insignificant risk of changes in their fair value, and are used by the Group in the management of
its short-term commitments.
(*2) Other cash equivalents include restricted cash at reserve accounts of Autopia ABS trusts due
from other banks in the amount of W17,800 million and W13,400 million as of June 30, 2016 and
December 31, 2015, respectively, for the Autopia asset securitization program.
(2) Cash generated from operations
Cash generated from operations for the six-month periods ended June 30, 2016 and 2015 are as
follows:
2016 2015
Cash on hold W — 1
Ordinary deposits 227,274 267,735
Checking deposits 4,072 9,683
Other cash equivalents (*1)(*2) 626,907 585,445
W 858,253 862,864
2016 2015
Profit for the period W 227,480 171,559
Adjustments:
Gain on sale of available-for-sale securities (779) (842)
Income on loans 38,367 25,712
Income on installment financial assets 26,518 21,939
Income on leases 19,563 22,996
Gain on foreign currency translation (45,079) (16,005)
Dividend income (2,122) (2,243)
Gain on valuation of derivatives (39,147) (142,135)
Gain on valuation of short-term financial investments (3,302) (850)
Net interest expenses 291,755 322,293
Lease expenses 174,288 156,652
Provision for loan losses 123,725 149,212
Loss on foreign currency translation 39,566 142,211
Severance benefits 9,726 8,501
Long-term employee benefits 73 615
Depreciation 10,878 13,466
Amortization 8,586 6,475
Loss on valuation of derivatives 45,077 15,402
Provisions (release of provisions) (57) 551

(Unaudited)
June 30, 2016
39 (Continued)
2016 2015
Share in net income of associates under the equity method W (32,649) (19,087)
Gain on sale of property and equipment (384) (1,250)
Reversal of impairment loss on intangible assets (54) —
Share in net loss of associates under the equity method — 18
Loss on sale of property and equipment 24 365
Income tax expense 79,489 57,750
744,062 761,746
Changes in operating assets and liabilities:
Decrease (increase) in due from banks (2,565) 33,286
Decrease (increase) in short-term financial investments (454,080) 458,070
Decrease (increase) in available-for-sale securities (8,085) 240
Decrease (increase) in loans receivable (50,350) 619,629
Increase in installment financial assets (466,360) (1,142,711)
Increase in finance lease receivables (182,904) (220,760)
Decrease in cancelled lease receivables 7,173 7,682
Increase in operating lease assets (354,888) (277,575)
Decrease in cancelled lease assets 224,659 218,675
Increase in non-trade receivables (29,242) (25,909)
Decrease in accrued revenues 6,089 3,604
Decrease (increase) in advance payments 85,836 (20,625)
Increase in prepaid expenses (12,985) (25,211)
Decrease (increase) in derivatives, net 5,896 (142,596)
Increase (decrease) in non-trade payables (23,981) 10,465
Increase (decrease) in accrued expenses 1,030 (1,984)
Decrease in unearned revenue (12,178) (3,548)
Increase in withholdings 24,334 11,207
Decrease in deposits received (33,393) (42,687)
Severance payments, net 886 (368)
Transfer of severance benefits from (to) related parties, net 215 321
Long-term employee benefits payments — (398)
Decrease in other liabilities (20) —
(1,274,913) (541,193)
W (303,371) 392,112

(Unaudited)
June 30, 2016
40 (Continued)
23. Commitments and Contingencies
(1) Line of credit commitments
As of June 30, 2016, the Group has line-of-credit commitments from Shinhan Bank and KEB Hana
Bank with aggregated limits in the amount of W48,500 million.
(2) Credit Facility Agreement
As of June 30, 2016, the Group has revolving credit facility agreements amounted to USD
250 million, JPY 60,000 million and W2,020,000 million with Kookmin Bank and 25 other financial
institutions for credit lines.
(3) Guarantees
Details of guarantees provided to the Group as of June 30, 2016 and December 31, 2015 are as
follows:
(*1) The amounts represent the guaranteed unpaid principals as of June 30, 2016 and December 31,
2015 as defined under the joint liability agreement.
The Group has residual value guarantee insurance policies with KB Insurance Co., Ltd. and two
other insurance carriers which cover losses resulting from defaults in mortgage loans where unpaid
amounts exceed the recoverable amounts from the collateral of the loans and cover losses resulting from
sales of off-lease vehicles returned where the expected residual values exceed the recoverable amounts
at the end of the lease terms. Loans and leases insured by the policies and residual value guaranteed by
the insurance policies as of June 30, 2016 and December 31, 2015 are as follows:
Guarantor Details 2016 2015
Hyundai Motor Joint liabilities on finance lease
Company receivables (*1) W 1,568 1,568
Seoul Guarantee Guarantee for debt collection
Insurance Co., Ltd. deposit and others 68,321 80,202
2016 2015
Loans and leases insured W 927,570 967,695
Residual value guaranteed by the insurance policies 189,180 225,313

(Unaudited)
June 30, 2016
41 (Continued)
(4) Pending litigations
Pending litigations include ten cases with aggregated amount of W322 million where the Group is
the defendant, two cases with aggregated amount of W2,824 million where the Group is the plaintiff,
and litigations against a number of debtors to collect receivables as of June 30, 2016. The Group
recognized provisions of W275 million related to one legal suit (Note 12).
Management has reviewed legal claims against the Group with outside legal counsels and has taken
into consideration the views of such counsel as to the outcome of the claims. In management’s opinion,
the final disposition of all such claims will not have a material adverse effect on the Group’s financial
position or results of its operations.
(5) Receivables transfer agreement
The Group entered into an agreement with Hyundai Card Co., Ltd., Hyundai Commercial Co., Ltd.,
and Hyundai Life Insurance Co., Ltd., to purchase certain delinquent receivables on a regular basis at
amount agreed with the transferors.

(Unaudited)
June 30, 2016
42 (Continued)
24. Related Party Transactions
(1) Relationships between parents and subsidiaries
The parent company is Hyundai Motor Company. Related parties include associates, joint ventures,
post-employment benefit plans, members of key management personnel and entities which the Group
controls directly or indirectly, has joint control or significant influence over them.
(2) Related parties
Related parties that have transactions, and receivables and payables with the Group as of June 30,
2016 is as follows:
Type Company
The Parent Hyundai Motor Company
Associates Hi Network, Inc., Korea Credit Bureau, and Hyundai Capital Germany GmbH
Others Kia Motors Corp., Hyundai Card Co., Ltd., Hyundai Commercial Inc.,
Hyundai Life Insurance Co., Ltd., Hyundai Glovis Co., Ltd., Hyundai Autoever Corp.,
Hyundai Steel co., Ltd., Hyundai Construction & Engineering Co., Ltd.,
Hyundai Capital America, and 58 others

(Unaudited)
June 30, 2016
43 (Continued)
(3) Transactions with related parties
Transactions with related parties are occurred in the normal course of business, and the terms and
conditions include normal settlement terms.
Significant transactions, which occurred in the normal course of business with related companies
for the six-month periods ended June 30, 2016 and 2015 are as follows:
Operating Operating Non-operating Other
revenue expenses income Sales Purchases
The Parent
Hyundai Motor Company W 31,659 910 — — 490,358
Associates
Korea Credit Bureau — 116 — — —
Hi Network, Inc. — 286 160 — —
Hyundai Capital Germany GmbH 292 — — — —
292 402 160 — —
Other related parties
Kia Motors Corp. 23,925 124 — — 143,262
Hyundai Card Co., Ltd. 21,830 11,760 1,304 — 72,351
Hyundai Commercial Inc. 697 1,551 382 — 57,314
Hyundai Autoever Corp. 161 25,954 — — 6,116
Hyundai Glovis Co., Ltd. 180 2,715 — 26,487 77
Hyundai Capital America 16,204 — — — —
Hyundai Life Insurance Co., Ltd. 96 5,640 56 — 2,594
Others 12,269 5,561 4 — 3,884
75,362 53,305 1,746 26,487 285,598
W 107,313 54,617 1,906 26,487 775,956
Operating Operating Non-operating Other
revenue expenses income Sales Purchases
The Parent
Hyundai Motor Company W 21,323 1,145 — — 442,871
Associates
Hi Network, Inc. 245 112
Hyundai Capital Germany GmbH 245 — — — —
Korea Credit Bureau 1 108 — — —
491 220 — — —
Kia Motors Corp. 15,105 1,985 — — 124,068
Hyundai Card Co., Ltd. 26,515 11,810 64 — 70,365
Hyundai Autoever Corp. 57 20,946 — — 20,366
Hyundai Glovis Co., Ltd. 145 648 — 13,579 —
Hyundai Capital America 6,303 — — — —
Hyundai Life Insurance Co., Ltd. 190 5,469 — — 2,003
Others 12,229 10,352 — — 39,966
60,544 51,210 64 13,579 256,768
W 82,358 52,575 64 13,579 699,639

(Unaudited)
June 30, 2016
44 (Continued)
Receivables and payables with related parties as of June 30, 2016 and December 31, 2015 are as
follows:
(*1) Other assets include plan assets of W77,785 million and W73,086 million as of June 30, 2016
and December 31, 2015, respectively, related to the Group’s defined benefit plan.
Lease Other Other
receivables assets liabilities
The Parent
Hyundai Motor Company W 150 5,743 21,330
Associates
Hi Network, Inc. — — 1,913
Hyundai Card Co., Ltd. 954 1,575 115,511
Hyundai Life Insurance Co., Ltd. (*1) 333 83,890 63
Hyundai Capital America — 44,306 —
Kia Motors Corp. — 4,363 30,784
Hyundai Autoever Corp. 614 1 7,306
Hyundai Construction & Engineering Co., Ltd., 5,769 — 3
Hyundai Steel co., Ltd., 5,473 174 —
Others 10,864 2,216 2,675
24,007 136,525 156,342
W 24,157 142,268 179,585
June 30, 2016
Lease Other Other
receivables assets liabilities
The Parent
Hyundai Motor Company W 360 4,767 27,845
Associates
Hi Network, Inc. — — 1,477
Beijing Hyundai Auto Finance Co., Ltd. — 133 —
Hyundai Capital Germany GmbH — 75 —
— 208 1,477
Other related partiies
Hyundai Card Co., Ltd. 866 1,286 111,830
Hyundai Life Insurance Co., Ltd. (*1) 348 81,086 361
Kia Motors Corp. — 3,840 38,439
Hyundai Capital America — 28,515 —
Hyundai Steel Company 5,703 166 —
Hyundai Glovis Co., Ltd. 514 2,199 —
Hyundai Autoever Corp. — — 1,827
Others 6,031 743 488
13,462 117,835 152,945
W 13,822 122,810 182,267
December 31, 2015

(Unaudited)
June 30, 2016
45 (Continued)
(4) Key management compensation
Compensation to key management for the six-month periods ended June 30, 2016 and 2015 are as
follows:
The key management above consists of directors (including non-permanent directors), who have
significant authority and responsibilities for planning, operating and controlling the Group.
2016 2015
Short-term employee benefits W 4,763 4,593
Severance benefits 859 893
Other long-term employee benefits 95 7

(Unaudited)
June 30, 2016
46 (Continued)
25. Transfer of Financial Assets
The Group issued senior and subordinated asset-backed securities collateralized by loans
receivable, installment financial assets, and lease receivables; and the investors in the securitized notes
have recourse only to the cash flows from the transferred financial assets.
Details of financial assets transferred that are not derecognized as of June 30, 2016 and
December 31, 2015 are as follows:
(*1) Excluding derivatives for hedges. The Group enters into currency swaps contracts principally
to manage exposures to fluctuations in future cash flows due to interest rate risk and foreign exchange
risk of foreign currency denominated asset-backed securities issued.
2016 2015
Carrying amount of assets:
Loans receivable W 1,235,258 926,330
Installment financial assets 3,798,675 3,368,520
Lease receivables 201,305 230,229
5,235,238 4,525,079
Carrying amount of associated liabilities (*1): (3,484,334) (3,180,053)
For those liabilities that have recourse
only to the transferred financial assets:
Fair value of assets 5,305,383 4,544,789
Fair value of associated liabilities (*1) (3,509,343) (3,196,858)
Net position W 1,796,040 1,347,931

(Unaudited)
June 30, 2016
47 (Continued)
26. Offsetting of Financial Assets and Liabilities
The Group enters into derivative transactions under International Swaps and Derivatives
Association (ISDA) master netting agreements. In general, under such agreements the amounts owed
by each counterparty on a single day in respect of all transactions outstanding in the same currency are
aggregated into a single net amount that is payable by one party to the other. In certain circumstances –
e.g. when a credit event such as a default occurs – all outstanding transactions under the agreement are
terminated, the termination value is assessed and only a single net amount is payable in settlement of
all transactions.
The ISDA agreements do not meet the criteria for offsetting in the statement of financial position.
This is because the Group does not have any currently legally enforceable right to offset recognized
amounts, because the right to offset is enforceable only on the occurrence of future events such as a
default on the bank loans or other credit events.
The following table sets out the carrying amounts of recognized financial instruments that are
subject to the above agreements as of June 30, 2016 and December 31, 2015:
Gross
amounts of Net
recognized amounts of
financial financial
Gross assets assets
amounts of /liabilities /liabilities Related amounts not offset
recognized offset in the in the in the statement of
financial statement of statement of financial position
assets financial financial Financial Cash collateral Net
/liabilities position position instruments received amounts
Financial assets:
Derivative assets W 193,256 — 193,256 104,178 — 89,078
Financial liabilities:
Derivative liabilities 180,164 — 180,164 104,178 — 75,986
Gross
amounts of Net
recognized amounts of
financial financial
Gross assets assets
amounts of /liabilities /liabilities Related amounts not offset
recognized offset in the in the in the statement of
financial statement of statement of financial position
assets financial financial Financial Cash collateral Net
/liabilities position position instruments received amounts
Financial assets:
Derivative assets W 179,154 — 179,154 93,361 — 85,793
Derivative liabilities 140,234 — 140,234 93,361 — 46,873

(Unaudited)
June 30, 2016
48 (Continued)
27. Fair Value Measurements of Financial Instruments
(1) Fair value of financial instruments
The fair values of financial instruments, together with carrying amounts shown in the statements
of financial position, as of June 30, 2016 and December 31, 2015 are as follows:
(*1) Excluding liabilities for taxes and dues
The following methods and assumptions were used to estimate the fair value of each class of
financial instruments:
Cash and cash equivalents, and Due from banks
The carrying amount and the fair value of cash are identical. As cash, deposits, and other cash
equivalent instruments can be easily converted into cash, the carrying amount, at face value or cost plus
accrued interest, approximates the fair value due to short maturity of these instruments.
Short-term financial investments
In case that the market of a financial instrument is active, fair value is established at the close
quoted price as of the last day for the reporting period. The fair value of investments in money market
funds is determined by the sum of acquisition cost and accrued interest.
(in millions of Korean won) June 30, 2016 December 31, 2015
Carrying Fair Carrying Fair
amount value amount value
Financial assets:
Cash and due from
other financial institutions W 2,079,401 2,079,401 1,624,065 1,624,065
Available-for-sale securities 82,550 82,550 77,550 77,550
Loans receivable 8,393,448 8,627,333 8,492,110 8,410,462
Installment financial assets 9,282,214 9,525,186 8,861,006 8,869,681
Lease receivables 2,562,380 2,705,415 2,630,653 2,625,396
Derivative assets 193,256 193,256 179,154 179,154
Non-trade receivables 150,677 150,677 120,470 120,470
Accrued revenues 84,508 84,508 89,788 89,788
Leasehold deposits 22,021 22,164 22,180 21,326
W 22,850,455 23,470,490 22,096,976 22,017,892
Borrowings W 1,546,801 1,549,862 1,763,872 1,768,844
Bonds issued 18,758,157 19,225,363 17,637,558 17,952,586
Derivative liabilities 180,164 180,164 140,234 140,234
Non-trade payables (*1) 288,728 288,728 309,825 309,825
Accrued expenses 171,246 171,246 175,132 175,132
Withholdings (*1) 61,768 61,768 34,403 34,403
Deposits received 521,441 539,764 546,574 526,969
Other liabilities 20 20 40 40
W 21,528,325 22,016,915 20,607,638 20,908,033

(Unaudited)
June 30, 2016
49 (Continued)
When available, the Group measures the fair value of a security using quoted prices in an active
market. If a market for a security is not active, the Group establishes fair value by using a highly
accredited independent valuation agency. The independent valuation agency utilizes various valuation
technique, which include the discounted cash flow model, the imputed market value model, the free
cash flow to equity (FCFE) model, the dividend discount model, the risk adjusted discount rate method,
and the net asset valuation approach. Depending on the characteristic and nature of the instrument, the
fair value is measured by using at least one valuation technique.
Loans receivable, installment financial assets, and lease receivables
The fair value is determined by using the discounted cash flow model that incorporate parameter
inputs for expected maturity rate/prepayment rate, as appropriate. As the discount rate used for
determining the fair value incorporates the time value of money and credit risk, the Group’s discount
rate system is formed to consider the market risk and the credit risk.
Derivative financial instruments
The fair value of interest rate swaps and currency swaps are determined by using the discounted
cash flow model based on a current interest rate yield curve appropriate for market interest rate as of
the reporting date. The fair value of each derivative instrument measured by discounting and offsetting
the probable future cash flows of swap, which are estimated based on the forward rate and the closing
foreign exchange price. The fair value of each derivative is measured by offsetting and discounting the
expected cash flows of the swap at appropriate discount rate which is based on forward interest rate and
exchange rate that is generated by using above method. The fair value of currency forward is measured
principally with the forward exchange rate which is quoted in the market at the end of reporting period
considering the maturity of the currency forward. The discount rate used in measuring the fair value of
currency forward is derived from CRS rate which is determined by using the spot exchange rate and the
forward exchange rate based on the interest rate parity theory.
Borrowings
The fair value of borrowings is determined by using the discounted cash flow method; the fair value
of a financial instrument is determined by discounting the expected future cash flows at an appropriate
discount rate.
Bonds issued
The fair value of bonds is determined by using the discounted cash flow method. The fair value of
bonds denominated in won and bonds denominated in foreign currencies are quoted from a reliable
independent valuation service provider.
Other financial assets and liabilities
The fair value of other financial assets and other financial liabilities is determined by using the
discounted cash flow method. For certain other financial assets and liabilities, carrying amount
approximates fair value due to their short term nature and generally negligible credit risk. These
instruments include nontrade receivables, accrued interest receivable, nontrade payables, and others.

(Unaudited)
June 30, 2016
50 (Continued)
(2) Fair value hierarchy
(a) Financial assets and liabilities measured at fair value
The fair value hierarchy of financial assets and liabilities measured at fair value in the statement of
financial position as of June 30, 2016 and December 31, 2015 are as follows:
(*1) Equity securities for which quoted prices in active markets are not available and fair value of
those instruments cannot be estimated reliably are measured at cost and classified as Level 3 instruments.
These instruments are amounted to W170 million and W169 million as of June 30, 2016 and
December 31, 2015, respectively.
Carrying Fair Fair value hierarchy
amount value Level 1 Level 2 Level 3 (*1)
Financial assets measured at fair value:
Short-term financial investments W 1,216,087 1,216,087 — 1,216,087 —
Available-for-sale securities 82,550 82,550 19,637 32,906 30,007
Derivative assets
Designated as hedging instruments
for cash flow hedges 193,256 193,256 — 193,256 —
W 1,491,893 1,491,893 19,637 1,442,249 30,007
Financial liabilities measured at fair value:
Derivative liabilities
for cash flow hedges W 180,164 180,164 — 180,164 —
Carrying Fair Fair value hierarchy
amount value Level 1 Level 2 Level 3 (*1)
Financial assets measured at fair value:
Short-term financial investments W 758,705 758,705 — 758,705 —
Available-for-sale securities 77,550 77,550 24,694 33,693 19,163
Derivative assets
for cash flow hedges 179,154 179,154 — 179,154 —
W 1,015,409 1,015,409 24,694 971,552 19,163
Financial liabilities measured at fair value:
for cash flow hedges W 140,234 140,234 — 140,234 —

(Unaudited)
June 30, 2016
51 (Continued)
The valuation techniques and inputs for measuring the fair value of financial assets and liabilities
measured at fair value in the statement of financial position and classified as Level 2 as of June 30,
2016 and December 31, 2015 are as follows:
The following tables present a roll-forward of the fair value of Level 3 instruments for the six-
month periods ended June 30, 2016 and 2015:
The valuation techniques and quantitative information of significant unobserved inputs for
financial assets and liabilities measured at fair value in the statement of financial position and classified
as Level 3 as of June 30, 2016 and December 31, 2015 are as follows:
(in millions of Korean won) Fair value
June 30, December 31, Valuation
2016 2015 technique Inputs
Financial assets measured
at fair value:
Short-term financial
investments W 1,216,087 758,705 DCF Model Discount rate, short-term interest rate, volatility and others
Available-for-sale securities 32,906 33,693 DCF Model Discount rate
Derivative assets
Designated as hedging
instruments
for cash flow hedges 193,256 179,154 DCF Model Discount rate, short-term interest rate, volatility, foreign exchange rate and others
W 1,442,249 971,552
Financial liabilities measured
at fair value:
Designated as hedging
instruments
for cash flow hedges W 180,164 140,234 DCF Model Discount rate, short-term interest rate, volatility, foreign exchange rate and others
(in millions of Korean won) Available-for-sale securities
Six-month periods ended June 30,
2016 2015
Purchase 9,504 —
Gains (losses) recognized as other comprehensive income (loss) 1,472 (626)
Redemption of principal (132) (199)
Estimated
range of
Valuation Unobservable unobservable
Fair value technique Inputs inputs inputs Impacts on fair value
Financial assets
measured at fair value:
Equity securities W 13,015 NAV Book value of Book value of
model net assets net assets
Market BPS, PBR BPS, PBR
approach
Beneficiary certificates 16,822 Net asset Credit rating and Credit rating BBB Fair value is likely to increase
model discount rate Discount rate 7.40% as the discount rate declines
while credit rating of loan receivables rises.
W 29,837

(Unaudited)
June 30, 2016
52 (Continued)
Sensitivity analysis of financial instruments is performed to measure favorable and unfavorable
changes in the fair value of financial instruments which are affected by the unobservable inputs, using
a statistical technique. When the fair value is affected by more than two input parameters, the amounts
represent the most favorable or most unfavorable. For fair value measurements classified as Level 3,
the sensitivity analysis on change of unobservable inputs as of June 30, 2016 and December 31, 2015
is as follows:
(*1) For equity securities, the fair value is estimated at the average of appraisal value using the
valuation technique based on the net asset value approach (NAV model) and the market approach;
sensitivity analysis is not available for the equity securities and excluded from the disclosure above.
For beneficiary certificates, the changes in fair value are calculated by increasing and decreasing
discount rate (-1%~1%).
Estimated
range of
Valuation Unobservable unobservable
Fair value technique Inputs inputs inputs Impacts on fair value
Financial assets
measured at fair value:
Equity securities W 11,487 NAV Book value of Book value of
model net assets net assets
Market BPS, PBR BPS, PBR
approach
7,507 Net asset Credit rating and Credit rating BBB Fair value is likely to increase
Beneficiary certificates model discount rate Discount rate 7.40% as the discount rate declines
while credit rating of loan receivables rises.
W 18,994 while credit rating of loan receivables rises.
(in millions of Korean won) Other comprehensive income (loss)
June 30, 2016 December 31, 2015
Favorable Unfavorable Favorable Unfavorable
change (*1) change (*1) change (*1) change (*1)
Available-for-sale securities W 159 (162) 138 (162)

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