General Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Major Shareholders and their Respective Percentage of Ownership

The Parent Company’s major shareholders and their respective percentage of ownership as of December 31, 2020 are as follows:

	Number of shares		Ownership (%)
GungHo Online Entertainment, Inc.		4,121,737		59.31
Others		2,827,163		40.69
		6,948,900		100.00

Schedule of Consolidated Subsidiaries

Details of the consolidated subsidiaries as of December 31, 2020 and 2019 are as follows:

Percentage of

ownership (%)

Subsidiary

Location

2020

2019

Fiscal year end

Main business

Gravity Interactive, Inc.

U.S.A.

100.00

December

Online and mobile game services

Gravity NeoCyon, Inc. (*1)

(Formerly, NeoCyon, Inc.)

Korea

99.53

99.24

December

Mobile game development and service

Gravity Communications Co., Ltd.

Taiwan

100.00

December

Online and mobile game services

Gravity Entertainment Corporation (*2)

Japan

—

100.00

December

Animation production, distribution, and game services

PT Gravity Game Link

Indonesia

70.00

December

Online and mobile game services

Gravity Game Tech Co., Ltd.

Thailand

100.00

December

Online and mobile game services

Gravity Game Arise Co., Ltd.

Japan

100.00

December

Online and mobile game services

(*1) During the year ended December 31, 2020, the Parent Company participated in paid-in capital increase of Gravity NeoCyon, Inc., which resulted in the increase of ownership interest of the Parent Company.

(*2) Gravity Entertainment Corporation was liquidated during 2020.

Schedule of Consolidated Financial Information Subsidiaries

Details of the condensed financial information of subsidiaries as of December 31, 2020 and 2019 are as follows:

	2020
Subsidiaries		Total assets(*1)			Total liabilities(*1)			Revenue(*1)			Profit(loss) For the period(*1)
	(In millions of Korean won)
Gravity Interactive, Inc.	W		31,849	W		23,405	W		123,055	W		1,138
Gravity Entertainment Corporation (*2)			—			—			—			8
Gravity NeoCyon, Inc. (Formerly, NeoCyon, Inc.)			11,069			7,422			26,368			(1,754	)
Gravity Communications Co., Ltd.			33,717			10,070			41,677			12,281
PT Gravity Game Link			2,185			664			4,881			(315	)
Gravity Game Tech Co., Ltd.			21,093			6,315			39,147			13,989
Gravity Game Arise Co., Ltd.			2,637			2,066			2,483			82

(*1)	Amount before offsetting the related party transactions.

(*2)	Gravity Entertainment Corporation was liquidated during 2020.

	2019
Subsidiaries		Total assets(*)			Total liabilities(*)			Revenue(*)			Profit(loss) For the period(*)
	(In millions of Korean won)
Gravity Interactive, Inc.	W		39,296	W		29,112	W		230,029	W		12,804
Gravity Entertainment Corporation			44			52			263			(443	)
Gravity NeoCyon, Inc. (Formerly, NeoCyon, Inc.)			9,145			6,728			25,347			(982	)
Gravity Communications Co., Ltd.			19,964			8,227			21,811			5,637
PT Gravity Game Link			960			202			745			(437	)
Gravity Game Tech Co., Ltd.			4,008			2,624			2,295			(1,973	)
Gravity Game Arise Co., Ltd.			1,841			1,343			771			(35	)

(*)	Amount before offsetting the related party transactions.