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General Information | 12 Months Ended
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Dec. 31, 2023
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 and Ragnarok Origin 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, 2023, the Parent Company’s total paid-in capital amounts to Korean Won("Won") 3,474 million. The Parent Company’s major shareholders and their respective percentage of ownership as of December 31, 2023 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, 2023 and 2022 are as follows:
|  |  |  | Percentage of ownership (%) |  |  |  |
Subsidiary |  | Location |  | 2023 |  | 2022 |  | 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 |  |  | 100.00 |  |  | December |  | Online and mobile game services
Gravity Game Vision Limited. |  | Hong Kong |  | 100.00 |  |  | 100.00 |  |  | December |  | Online and mobile game services
Condensed Financial Information of Subsidiaries Details of the condensed financial information of subsidiaries as of and for the year ended December 31, 2023 and 2022 are as follows:
|  | 2023
Subsidiaries |  | Total assets(*) |  | Total liabilities(*) |  | Revenue(*) |  | Profit(loss) For the year(*)
|  | (In millions of Korean won)
Gravity Interactive, Inc. |  | ₩ | 23,445 |  |  | ₩ | 13,671 |  |  | ₩ | 49,818 |  |  | ₩ | 1,113 |
Gravity NeoCyon, Inc. |  | 11,747 |  |  | 5,784 |  |  | 19,408 |  |  | (1,270) |
Gravity Communications Co., Ltd. |  | 35,754 |  |  | 9,227 |  |  | 33,122 |  |  | 10,116 |
PT Gravity Game Link |  | 2,461 |  |  | 303 |  |  | 2,234 |  |  | (103) |
Gravity Game Tech Co., Ltd. |  | 50,672 |  |  | 8,081 |  |  | 30,604 |  |  | 11,308 |
Gravity Game Arise Co., Ltd. |  | 7,058 |  |  | 1,683 |  |  | 3,807 |  |  | (5,393) |
Gravity Game Hub PTE., Ltd. |  | 74,229 |  |  | 37,718 |  |  | 287,950 |  |  | 34,160 |
Gravity Game Vision Limited |  | 51,811 |  |  | 10,753 |  |  | 145,653 |  |  | 23,547 |
(*) Amount before eliminating the intercompany transactions.
|  | 2022
Subsidiaries |  | Total assets(*) |  | Total liabilities(*) |  | Revenue(*) |  | Profit(loss) For the year(*)
|  | (In millions of Korean won)
Gravity Interactive, Inc. |  | ₩ | 32,143 |  |  | ₩ | 23,617 |  |  | ₩ | 62,745 |  |  | ₩ | (2,448) |
Gravity NeoCyon, Inc. |  | 15,587 |  |  | 8,353 |  |  | 24,639 |  |  | 1,710 |
Gravity Communications Co., Ltd. |  | 39,438 |  |  | 11,161 |  |  | 50,611 |  |  | 14,186 |
PT Gravity Game Link |  | 3,268 |  |  | 1,090 |  |  | 3,372 |  |  | (374) |
Gravity Game Tech Co., Ltd. |  | 40,204 |  |  | 9,740 |  |  | 34,990 |  |  | 9,975 |
Gravity Game Arise Co., Ltd. |  | 3,067 |  |  | 988 |  |  | 3,452 |  |  | (505) |
Gravity Game Hub PTE., Ltd. |  | 4,846 |  |  | 2,726 |  |  | 4,352 |  |  | (3,081) |
Gravity Game Vision Limited |  | 63,608 |  |  | 46,146 |  |  | 116,550 |  |  | 17,090 |
(*) Amounts before eliminating the intercompany transactions.

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