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Transactions with Related Parties

12 Months Ended

Dec. 31, 2020

Disclosure Of Transactions Between Related Parties [Abstract]

24. Transactions with Related Parties

(1) Related parties of the Group include entities and individuals capable of exercising control or significant influence over the Group. Related parties include GungHo Online Entertainment, Inc. (the controlling shareholder with 59.31% common shares), its subsidiaries, members of board of directors, executives with strategic responsibilities and their immediate families.

(2) Account balances with related parties

Balances of receivables and payables to related parties as of December 31, 2020 and 2019 are as follows:

December 31, 2020

December 31, 2019

Related parties classification

Entity

Receivable

Payable

Receivable

Payable

Parent company

Gung-Ho Online

Entertainment, Inc.

2,547

2,722

(3) Transactions with related parties

The details of transaction with related parties for the years ended December 31, 2020, 2019 and 2018 are as follows:

2020

2019

2018

Related parties classification

Entity

Sales

Purchase

Sales

Purchase

Sales

Purchase

(In millions of Korean won)

Parent company

Gung-Ho Online

Entertainment, Inc.

21,833

211

27,484

10,516

(4) Other transactions with related parties

No financing transactions were made with related parties for the years ended December 31, 2020, 2019 and 2018.

(5) Key management personnel compensation

The compensation for the key management personnel (registered directors), for the years ended December 31, 2020, 2019 and 2018 are as follows:

	2020			2019		2018
		(In millions of Korean won)
Salary	W		1,177	W	866	W	690