Property and Equipment

12 Months Ended

Dec. 31, 2020

Property Plant And Equipment [Abstract]

8. Property and Equipment

(1) Details of property and equipment as of December 31, 2020 and 2019 are as follows:

	December 31, 2020
	Acquisition price		Accumulated depreciation			Book amount
	(In millions of Korean won)
Computer and other equipment	W	6,074	W	(4,694	)	W	1,380
Furniture and fixture		2,038		(1,728	)		310
Construction in progress		128		—			128
Vehicle		9		(1	)		8
Leasehold improvements		1,160		(1,028	)		132
Right-of-use assets		11,500		(5,763	)		5,737
Total	W	20,909	W	(13,214	)	W	7,695

	December 31, 2019
	Acquisition price			Accumulated depreciation			Book amount
		(In millions of Korean won)
Computer and other equipment	W		5,671	W	(4,614	)	W	1,057
Furniture and fixture			1,984		(1,541	)		443
Leasehold improvements			1,291		(1,074	)		217
Right-of-use assets			8,627		(3,681	)		4,946
Total	W		17,573	W	(10,910	)	W	6,663

(2) Changes in property and equipment for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020
	Computer and other equipment			Furniture and fixture			Construction in progress		Vehicle			Leasehold improvements			Right-of- use assets			Total
	(In millions of Korean won)
Beginning balance	W	1,057		W	443		W	—	W	—		W	217		W	4,946		W	6,663
Acquisitions/Capital expenditure		850			81			128		9			3			3,784			4,855
Depreciation		(529	)		(213	)		—		(1	)		(83	)		(2,957	)		(3,783	)
Disposals		(1	)		(1	)		—		—			(2	)		(13	)		(17	)
Foreign exchange differences		3			—			—		—			(3	)		(23	)		(23	)
Ending balance	W	1,380		W	310		W	128	W	8		W	132		W	5,737		W	7,695

	2019
	Computer and other equipment			Furniture and fixture			Leasehold improvements			Right-of-use assets			Total
	(In millions of Korean won)
Beginning balance	W	888		W	484		W	126		W	—		W	1,498
Recognition of right-of-use assets on initial application of IFRS 16		(199	)		—			—			4,453			4,254
Acquisitions		711			211			163			2,637			3,722
Depreciation		(344	)		(198	)		(71	)		(2,135	)		(2,748	)
Disposals		—			(58	)		(2	)		(15	)		(75	)
Foreign exchange differences		1			4			1			6			12
Ending balance	W	1,057		W	443		W	217		W	4,946		W	6,663

	2018
	Computer and other equipment			Furniture and fixture			Leasehold improvements			Total
	(In millions of Korean won)
Beginning balance	W	654		W	165		W	127		W	946
Acquisition		550			472			119			1,141
Depreciation		(297	)		(133	)		(115	)		(545	)
Disposal		(32	)		(22	)		(5	)		(59	)
Foreign exchange differences		13			2			—			15
Ending balance	W	888		W	484		W	126		W	1,498

(3) Classification of depreciation expenses in the statements of comprehensive income for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020		2019		2018
	(In millions of Korean won)
Cost of revenues	W	2,123	W	1,795	W	260
Selling, general and administrative expenses		1,424		761		233
Research and development		236		192		52
Total	W	3,783	W	2,748	W	545

(4) As of the end of the reporting period, there are no property and equipment that are pledged as collateral for the Group’s debts.