(c) The capitalized borrowing costs and capitalization rate for the years ended December 31, 2015, 2016 and 2017 are as follows:
| (In millions of won) | ||||||||||||
| 2015 | 2016 | 2017 | ||||||||||
|
Capitalized borrowing costs |
13,696 | 16,909 | 47,686 | |||||||||
|
Capitalization rate |
3.73 | % | 2.91 | % | 1.92 | % | ||||||