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General Information | 12 Months Ended
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Dec. 31, 2021
General Information [Abstract] |
General Information | General Information The Parent Company GRAVITY CO., LTD. (“the Parent Company”) was incorporated on April 4, 2000, to engage in developing and publishing online and mobile games and other related business. The Parent Company’s headquarter is located at 15F, 396 World Cup buk-ro, Mapo-gu, Seoul, Korea. The Parent Company’s principal game product, “Ragnarok”, a massive multi-player online role-playing game, was commercially launched in August 2002, and currently operated internationally in 91 markets. Also, the Parent Company has been operating Mobile games such as Ragnarok M: Eternal Love in the global market. On February 8, 2005, the Parent Company listed its shares on the Nasdaq Stock Market in the United States, and issued 1,400,000 shares of common stocks in the form of American Depositary shares (“ADSs”) under the symbol “GRVY”. As of December 31, 2021, the Parent Company’s total paid-in capital amounts to Won 3,474 million. The Parent Company’s major shareholders and their respective percentage of ownership as of December 31, 2021 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 |
Consolidated Subsidiaries Details of the consolidated subsidiaries as of December 31, 2021 and 2020 are as follows:
|  |  |  | Percentage of ownership (%) |  |  |  |
Subsidiary |  | Location |  | 2021 |  | 2020 |  | Fiscal year end |  | Main business
Gravity Interactive, Inc. |  | U.S.A. |  | 100.00 |  |  | 100.00 |  |  | December |  | Online and mobile game services
Gravity NeoCyon, Inc. |  | Korea |  | 99.53 |  |  | 99.53 |  |  | December |  | Mobile game development and service
Gravity Communications Co.,Ltd. |  | Taiwan |  | 100.00 |  |  | 100.00 |  |  | December |  | Online and mobile game services
PT. Gravity Game Link |  | Indonesia |  | 70.00 |  |  | 70.00 |  |  | December |  | Online and mobile game services
Gravity Game Tech Co.,Ltd. |  | Thailand |  | 100.00 |  |  | 100.00 |  |  | December |  | Online and mobile game services
Gravity Game Arise Co., Ltd. |  | Japan |  | 100.00 |  |  | 100.00 |  |  | December |  | Online and mobile game services
Gravity Game Hub PTE., Ltd.(*) |  | Singapore |  | 100.00 |  |  | — |  |  | December |  | Online and mobile game services
(*) Gravity Game Hub PTE., Ltd. was established during the year ended December 31, 2021 with 100% ownership interest held by the Parent Company. Condensed Financial Information of Subsidiaries Details of the condensed financial information of subsidiaries as of December 31, 2021 and 2020 are as follows:
|  | 2021
Subsidiaries |  | Total assets(*) |  | Total liabilities(*) |  | Revenue(*) |  | Profit(loss) For the period(*)
|  | (In millions of Korean won)
Gravity Interactive, Inc. |  | ₩ | 26,385 |  |  | ₩ | 16,163 |  |  | ₩ | 79,242 |  |  | ₩ | 988 |
Gravity NeoCyon, Inc. |  | 14,903 |  |  | 9,378 |  |  | 25,443 |  |  | (111) |
Gravity Communications Co., Ltd. |  | 33,121 |  |  | 9,236 |  |  | 33,342 |  |  | 9,096 |
PT Gravity Game Link |  | 2,916 |  |  | 318 |  |  | 2,462 |  |  | (221) |
Gravity Game Tech Co., Ltd. |  | 25,591 |  |  | 5,666 |  |  | 28,346 |  |  | 5,496 |
Gravity Game Arise Co., Ltd. |  | 3,912 |  |  | 2,167 |  |  | 3,258 |  |  | 159 |
Gravity Game Hub PTE., Ltd |  | 2,538 |  |  | 722 |  |  | 117 |  |  | (1,110) |
(*) Amount before offsetting the related party transactions.
|  | 2020
Subsidiaries |  | Total assets(*1) |  | Total liabilities(*1) |  | Revenue(*1) |  | Profit(loss) For the period(*1)
|  | (In millions of Korean won)
Gravity Interactive, Inc. |  | ₩ | 31,849 |  |  | ₩ | 23,405 |  |  | ₩ | 123,055 |  |  | ₩ | 1,138 |
Gravity Entertainment Corporation (*2) |  | — |  |  | — |  |  | — |  |  | 8 |
Gravity 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 and has been excluded from subsidiary since then.

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