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Income Tax Expense (Tables)
 12 Months Ended
Dec. 31, 2023
Major components of tax expense (income) [abstract]  
Schedule of Income Tax Expense Details of income tax expense for the years ended December 31, 2023, 2022 and 2021 are as follows:
202320222021
(In millions of Korean won)
Current tax on profit for the year
   Current year
₩37,459 ₩27,932 ₩29,903 
   Adjustments recognized related to prior period incomes
— — 1,647 
Deferred tax expense
   Change in net deferred tax assets(742)(1,108)1,871 
Income tax expense₩36,717 ₩26,824 ₩33,421 
Summary of Differences Between Tax Expense and Amount Arise Using Statutory Tax Rate Applicable to Profits of Entities The differences between the tax expense on the Group’s profit before tax and the amount that would arise using the statutory tax rate applicable to profits of the entities for the years ended December 31, 2023, 2022 and 2021 are as follows:
202320222021
(In millions of Korean won)
Profit before income tax₩168,699 ₩109,882 ₩99,301 
Income tax using the statutory tax rate of each country31,300 23,951 25,957 
Adjustments
Expenses not deductible for tax purpose9 7 11 
Non taxable income(131)— — 
Withholding tax
8,615 5,028 4,500 
    Utilization of previously unrecognized loss carried forward(714)(239)— 
    Adjustments recognized related to prior period incomes
— — 1,647 
     Tax credit(1,174)(2,131)(765)
Corporate tax on unappropriated earnings
(134)1,085 487 
Changes in deferred tax liabilities related to investment in subsidiaries(422)(1,101)1,351 
Others
(632)224 233 
Total adjustments5,417 2,873 7,464 
Income tax expense₩36,717 ₩26,824 ₩33,421 
Effective tax rate22 %24 %34 %
Schedule of Changes in Deferred Income Tax Assets (Liabilities) Details of the changes in deferred income tax assets (liabilities) for the years ended December 31, 2023 and 2022 are as follows:
2023
Beginning
balance		Increase
(decrease)		Ending
balance
(In millions of Korean won)
Deferred income tax on temporary differences
Property and equipment₩38 ₩13 ₩51 
Intangible assets442 223 665 
Other non-current assets202 (177)25 
Accounts payables1,701 (183)1,518 
Accrued expenses233 49 282 
Deferred revenue94 261 355 
Allowance for doubtful account299 880 1,179 
Other non-current liabilities81 1 82 
Lease(30)(8)(38)
Investments in subsidiaries(2,791)423 (2,368)
Others(278)1,160 882 
Sub Total(9)2,642 2,633 
Deferred tax due to carry-forward losses
759 (58)701 
Deferred tax due to tax credit carry-forward2,078 (1,842)236 
Deferred tax assets (*)5,660 292 5,952 
Deferred tax liabilities₩(2,832)₩450 ₩(2,382)

2022
Beginning
balance		Increase
(decrease)		Ending
balance
(In millions of Korean won)
Deferred income tax on temporary differences
    Property and equipment₩34 ₩4 ₩38 
    Intangible assets398 44 442 
    Other non-current assets530 (328)202 
    Accounts payables1,404 297 1,701 
    Accrued expenses192 41 233 
    Deferred revenue311 (217)94 
    Allowance for doubtful account367 (68)299 
    Other non-current liabilities75 6 81 
    Lease(43)13 (30)
Investments in subsidiaries(3,759)968 (2,791)
    Others(2)(276)(278)
    Sub Total(494)485 (9)
Deferred tax due to carry-forward deficits135 624 759 
Deferred tax due to tax credit carry-forward2,078 — 2,078 
Deferred tax assets (*)1,719 3,941 5,660 
Deferred tax liabilities₩— ₩(2,832)₩(2,832)
(*) The future realizability of deferred tax assets is reassessed by taking into consideration various factors such as the each entity's performance, the overall economic environment and industry outlook, expected future earnings and deductible period of tax credits carry-forward and carry-forward deficits. As of December 31, 2023 and 2022, the Group has recognized deferred tax assets related to temporary differences, tax loss carryforward and tax credit carryforwards,
which can be utilized based on the likelihood of each entity's future taxable income. This amount may change if the estimate of future taxable income changes.
Schedule of Unused Tax Loss Carryforwards and Unused Tax Credit Carryforwards Not Recognized as Deferred Income Tax Assets Details of unused tax loss carryforwards and unused tax credit carryforwards that are not recognized as deferred income tax assets as of December 31, 2023 are as follows:
Year of expirationUnused loss carryforwardsUnused tax credit
carryforwards
2024₩2,585 ₩— 
20251,421 160 
20262,002 175 
2027353 163 
20282,134 520 
After 20285,339 1,284 
Total₩13,834 ₩2,302 
Schedule Of Gross Deferred Tax Balances The gross balances of deferred tax assets and liabilities for the years ended December 31, 2023 and 2022, is as follows:
December 31,
2023		December 31,
2022
(In millions of Korean won)
Deferred tax assets
   - Deferred tax assets to be recovered after more than 12 months₩1,601 ₩1,935 
   - Deferred tax assets to be recovered within 12 months5,801 5,075 
Sub-total7,402 7,010 
Deferred tax liabilities
   - Deferred tax liabilities to be recovered after more than 12 months(15)(3,124)
   - Deferred tax liabilities to be recovered within 12 months(3,817)(1,058)
Sub-total(3,832)(4,182)
Schedule of Average Effective Tax Rate Gravity Game Vision Ltd
For 2023, the average effective tax rate (calculated in accordance with paragraph 86 of IAS 12) of Gravity Game Vision Limited operating in Hong Kong is:

Gravity Game Vision Limited
(In millions of Korean won)
Tax expense for year ended 31 December 2023
₩3,396 
Profit before income tax
26,943 
Average effective tax rate
12.60 %