<SEC-DOCUMENT>0001628280-25-017406.txt : 20250411
<SEC-HEADER>0001628280-25-017406.hdr.sgml : 20250411
<ACCEPTANCE-DATETIME>20250411060046
ACCESSION NUMBER:		0001628280-25-017406
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250411
FILED AS OF DATE:		20250411
DATE AS OF CHANGE:		20250411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRAVITY Co., Ltd.
		CENTRAL INDEX KEY:			0001313310
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			M5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51138
		FILM NUMBER:		25829684

	BUSINESS ADDRESS:	
		STREET 1:		15F, 396 WORLD CUP BUK-RO
		STREET 2:		MAPO-GU
		CITY:			SEOUL
		STATE:			M5
		ZIP:			121-795
		BUSINESS PHONE:		82-2-2132-7800

	MAIL ADDRESS:	
		STREET 1:		15F, 396 WORLD CUP BUK-RO
		STREET 2:		MAPO-GU
		CITY:			SEOUL
		STATE:			M5
		ZIP:			121-795
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a6-k_20250411xconsolidated.htm
<DESCRIPTION>6-K
<TEXT>
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<title>Document</title></head><body><div id="i38289cebe38747c1969b316c67223fed_1"></div><div style="min-height:0pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, D.C. 20549</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Form 6-K</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 </font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">For the month of April 2025</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Commission File Number 000-51138</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">GRAVITY Co., Ltd.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><br>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Translation of registrant&#8217;s name into English)</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15F, 396 World Cup buk-ro, Mapo-gu, Seoul 03925, Korea</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212; <br>(Address of principal executive office)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F&#58;&#160;&#160;&#91;x&#93;&#160;Form 20-F&#160;&#160;&#160;&#160;&#91;&#160;&#93;&#160;Form 40-F</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)&#58;&#160;&#160;&#91;&#160;&#93;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)&#58;&#160;&#160;&#91;&#160;&#93;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:0pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Samil PricewaterhouseCoopers, our independent auditor for the fiscal year ended December 31, 2024 and December 31, 2023 for our consolidated financial statements in conformity with International Financial Reporting Standards as adopted by the Republic of Korea, or Korean IFRS, have conducted audits and expressed opinions with regards to the consolidated statements of financial position of Gravity Co.,&#160;Ltd. (the &#8220;Company&#8221;) and its subsidiaries as of December 31, 2024 and December 31, 2023 and the related consolidated statements of comprehensive income, changes in equity, and cash flows for the year ended at December 31, 2024 and December 31, 2023, expressed in Korean Won.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">Samil PricewaterhouseCoopers, our independent auditor for the fiscal year ended December 31, 2024 and December 31, 2023 has also conducted audits and expressed opinions with regards to the separate statements of financial position of the Company as of December 31, 2024 and December 31, 2023 and the related separate statements of comprehensive income, changes in equity, and cash flows for the year then ended at December 31, 2024 and December 31, 2023 expressed in Korean Won. </font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">The audited consolidated financial statements and the audited separate financial statements are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:6pt;padding-right:-30.4pt;text-align:center;text-indent:-9pt"><font><br></font></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:0pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="padding-right:-30.4pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13.5pt;font-weight:700;line-height:100%">SIGNATURES</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160; </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160; </font></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:0pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160; </font></div><div style="padding-left:260.04pt;text-align:right"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:42.364%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:78.900%"></td><td style="width:0.1%"></td></tr><tr style="height:0pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:133%">GRAVITY CO., LTD.</font></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:133%">By&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#47;s&#47;&#160;Heung Gon Kim</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Name&#58;</font></td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Heung Gon Kim</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Chief Financial Officer</font></td></tr></table></div><div style="margin-top:9pt;padding-left:12.2pt;text-align:justify;text-indent:-12.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Date&#58; April 11, 2025</font></div><div style="margin-top:6pt;padding-right:-40.9pt;text-align:center"><font><br></font></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:0pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="padding-right:-40.9pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Exhibit Index</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.856%"><tr><td style="width:1.0%"></td><td style="width:16.738%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.544%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:78.318%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%;text-decoration:underline">Exhibit No.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%;text-decoration:underline">Description</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">99. 1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"><a href="gravity_2024yeauditreportc.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">The Company&#8217;s Korean IFRS Consolidated financial statements as of and for the years ended December 31, 202</a><a href="gravity_2024yeauditreportc.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">4</a><a href="gravity_2024yeauditreportc.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"> and December 31, 202</a><a href="gravity_2024yeauditreportc.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">3</a><a href="gravity_2024yeauditreportc.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"> and the independent auditor&#8217;s report</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">99. 2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"><a href="gravity_2024yeauditreports.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">The Company&#8217;s Korean IFRS Separate financial statements as of and for the years ended December 31, 202</a><a href="gravity_2024yeauditreports.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">4</a><a href="gravity_2024yeauditreports.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"> and December 31, 202</a><a href="gravity_2024yeauditreports.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline">3</a><a href="gravity_2024yeauditreports.htm" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%;text-decoration:underline"> and the independent auditor&#8217;s report</a></font></div></td></tr></table></div><div style="margin-bottom:7.2pt;text-align:right"><font><br></font></div><div style="height:0pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>gravity_2024yeauditreportc.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<title>Document</title></head><body><div id="i18d2a287474f4b9688023f61ed67b419_1"></div><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font><br></font></div><div style="padding-right:-21.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:133%">Consolidated Financial Statements</font></div><div style="padding-right:-21.4pt"><font><br></font></div><div style="padding-right:-21.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:133%">For the Years Ended December 31, 2024 and 2023</font></div><div style="padding-right:-21.4pt"><font><br></font></div><div style="padding-left:28.8pt;text-indent:-28.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(With Independent Auditor&#8217;s Report Thereon)</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_4"></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:12pt;text-align:right"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000080;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:115%">Contents</font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:right"><font><br></font></div><div style="margin-bottom:12pt;text-align:right"><font><br></font></div><div style="margin-bottom:12pt;text-align:right"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:12.00pt">Page</font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Independent Auditor&#8217;s Report</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;1</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consolidated Financial Statements</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consolidated Statements of Financial Position&#160;&#160;&#160;&#160;3</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consolidated Statements of Comprehensive Income&#160;&#160;&#160;&#160;5</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consolidated Statements of Changes in Equity&#160;&#160;&#160;&#160;6</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Consolidated Statements of Cash Flows&#160;&#160;&#160;&#160;7</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements&#160;&#160;&#160;&#160;8</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_7"></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:115%">Independent Auditor&#8217;s Report</font></div><div style="margin-bottom:6.5pt;margin-top:6.5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">English Translation of a Report Originally Issued in Korean</font></div><div style="margin-bottom:6.5pt;margin-top:6.5pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To the Board of Directors and Shareholders of Gravity Co., Ltd.&#58;</font></div><div><font><br></font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Opinion</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have audited the consolidated financial statement of Gravity Co., Ltd. and its subsidiaries (collectively referred to as the &#8221;Group&#8221;), which comprise the consolidated statements of financial position as at December 31, 2024 and 2023, and the consolidated statements of comprehensive income, consolidated statements of changes in equity and consolidated statements of cash flows for the years then ended, and notes to the consolidated financial statements, including material accounting policy information.</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2024 and 2023, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (Korean IFRS).</font></div><div style="margin-top:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basis for Opinion</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We conducted our audit in accordance with Korean Standards on Auditing. Our responsibilities under those standards are further described in the </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Auditor&#8217;s Responsibilities for the Audit of the Consolidated Financial Statements</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section of our report. We are independent of the Group in accordance with the ethical requirements of the Republic of Korea that are relevant to our audit of the consolidated financial statements and we have fulfilled our other ethical responsibilities in accordance with the ethical requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other Matter</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Auditing standards and their application in practice vary among countries. The procedures and practices used in the Republic of Korea to audit such consolidated financial statements may differ from those generally accepted and applied in other countries.</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements</font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Korean IFRS, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing the consolidated financial statements, management is responsible for assessing the Group&#8217;s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations. </font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Those charged with governance are responsible for overseeing the Group&#8217;s financial reporting process.</font></div><div style="margin-top:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Auditor&#8217;s Responsibilities for the Audit of the Consolidated Financial Statements</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor&#8217;s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Korean Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.</font></div><div><font><br></font></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As part of an audit in accordance with Korean Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also&#58;</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity&#8217;s internal control.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Conclude on the appropriateness of management&#8217;s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group&#8217;s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor&#8217;s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor&#8217;s report. However, future events or conditions may cause the Group to cease to continue as a going concern.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</font></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</font></div><div style="margin-bottom:6.5pt;padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Samil PricewaterhouseCoopers</font></div><div style="margin-top:6.5pt;padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:12.00pt">Seoul, Korea</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:12.00pt">March 21, 2025</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:2.77pt;padding-right:2.77pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This report is effective as of March 21, 2025, the audit report date. Certain subsequent events or circumstances, which may occur between the audit report date and the time of reading this report, could have a material impact on the accompanying consolidated financial statements and notes thereto. Accordingly, the readers of the audit report should understand that there is a possibility that the above audit report may have to be revised to reflect the impact of such subsequent events or circumstances, if any.</font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="margin-bottom:12pt;padding-left:2.77pt;padding-right:2.77pt;text-align:justify"><font><br></font></div></td></tr></table></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_10"></div><hr style="page-break-after:always"><div style="min-height:91.44pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Consolidated Statements of Financial Position</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font><br></font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:1.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.500%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.420%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.980%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.380%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.620%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.600%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.020%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.440%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:14.00pt">(In thousands of won)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-4.38pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-4.38pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:14.00pt">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-3.63pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:14.00pt">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-3.63pt;text-align:center"><font><br></font></div></td></tr><tr style="height:14pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,6,23</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,898,026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">184,081,815</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Short-term financial instruments</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">324,304,040</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">277,215,000</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accounts receivable, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,7,14,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,152,458</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">71,212,897</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other receivables, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,7,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,572,182</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,637,586</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepaid expenses</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,115,292</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,993,884</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current financial assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,601,519</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,438,717</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,966,272</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,319,107</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">653,609,789</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">546,899,006</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property and equipment, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,22</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,957,086</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,150,750</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,056,548</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,369,958</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other non-current financial assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,766,588</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,824,076</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other non-current assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,451,443</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,984,797</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,617,488</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,952,134</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,849,153</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,281,715</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">686,458,942</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">578,180,721</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-right:4.9pt"><font><br></font></div><div style="padding-right:4.9pt"><font><br></font></div><div style="padding-right:4.9pt"><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the consolidated financial statements.</font></div><div style="height:60.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font></div><div><font><br></font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_13"></div><hr style="page-break-after:always"><div style="min-height:91.44pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Consolidated Statements of Financial Position, Continued</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2024 and 2023</font></div></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:1.925%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.436%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.931%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.511%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.880%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-0.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">(In thousands of won)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2023</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accounts payable </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,23</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">67,929,911</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61,777,889</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,760,732</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,092,463</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Withholdings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,587,759</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,072,036</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued expenses </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,651,426</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,313,022</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,507,227</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,927,054</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,22,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,211,752</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,251,029</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">108,648,807</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,433,493</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Non-current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term accounts payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220,108</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">677,520</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Long-term deferred revenue</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,571,862</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,784,849</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other non-current liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,22,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,361,025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,174,635</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,293,681</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,382,262</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,446,676</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,019,266</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">118,095,483</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">114,452,759</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:0 1pt"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Equity</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.57pt;padding-right:-1.23pt;text-indent:-14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Equity attributable to owners of the Parent Company</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Share capital</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,13</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Capital surplus</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,979,361</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,098,264</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other components of equity</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,800,551</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,016,535</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Retained earnings </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">513,417,859</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">428,498,582</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Non-controlling interest</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">691,238</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">640,131</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total equity</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">568,363,459</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">463,727,962</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-1.23pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total liabilities and equity</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">686,458,942</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">578,180,721</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the consolidated financial statements.</font></div><div style="height:60.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</font></div><div><font><br></font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_16"></div><hr style="page-break-after:always"><div style="min-height:91.44pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Consolidated Statements of Comprehensive Income</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.302%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.324%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.414%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.237%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.837%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won, except per share amounts)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenues </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,24,25</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;Online games </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">76,989,131</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">81,017,362</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;Mobile games </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">405,675,976</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">629,604,084</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;Other revenue</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,180,013</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,894,489</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">500,845,120</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">725,515,935</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost of revenues </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">306,903,066</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">484,958,333</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross profit</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">193,942,054</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">240,557,602</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general and administrative expenses</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,16</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">107,753,364</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79,552,396</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating profit </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">86,188,690</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">161,005,206</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-operating income and expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance income </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,17</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30,888,989</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,266,528</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance costs</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,17</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9,925,670)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,934,727)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other non-operating income</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">788,898</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">913,359</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other non-operating expenses</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,593,873)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,551,757)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Profit before income tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">106,347,034</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">168,698,609</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Income tax expense </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,444,826</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,716,548</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Profit for the year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,902,208</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">131,982,061</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Profit (loss) attributable to&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Owners of the Parent Company</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,919,277</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132,019,054</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Non-controlling interests</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,069)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(36,993)</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other comprehensive income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.67pt;padding-right:33.77pt;text-indent:-5.9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Items that are or may be reclassified subsequently to profit or loss</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:33.77pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:33.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,825,684</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,558,944</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Foreign currency translation adjustments</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19,768,017</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,536,445</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18.77pt;padding-right:-1.23pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Non-controlling interest in foreign currency translation adjustment</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,667</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,499</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Items that will not be reclassified to profit or loss</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,954</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,136</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remeasurement of defined benefit liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,999</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,415</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:18.77pt;padding-right:-1.23pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Non-controlling interest in remeasurement of defined benefit liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,955</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,721</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total comprehensive income for the year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,751,846</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,548,141</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total comprehensive income (loss) attributable to&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Owners of the Parent Company</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">104,703,293</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">133,559,914</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Non-controlling interests</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,553</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(11,773)</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Earnings per share attributable to the equity holders of the Parent Company</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Basic earnings per share (in won)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,221</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,999</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Diluted earnings per share (in won)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12,221</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,999</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="padding-right:4.9pt"><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the consolidated financial statements.</font></div><div style="height:59.76pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="margin-bottom:12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_19"></div><hr style="page-break-after:always"><div style="min-height:109.44pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Consolidated Statements of Changes in Equity</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023 </font></div></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.250%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.212%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.332%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.315%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.807%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.456%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.212%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.765%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.693%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.838%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.735%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.777%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="27" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Equity attributable to owners of the Parent Company</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Share</font></div><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">capital</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Capital</font></div><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">surplus</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other components of equity</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Retained earnings</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Sub total</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-controlling interests</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total equity</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at January 1, 2023</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,098,264</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,475,675</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">296,479,528</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">329,527,917</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">651,904</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">330,179,821</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Profit for the year</font></div></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132,019,054</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132,019,054</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(36,993)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">131,982,061</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remeasurements of defined benefit liabilities</font></div></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,415</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,415</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,721</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,136</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Foreign currency translation adjustments</font></div></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,536,445</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,536,445</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,499</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,558,944</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2023</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,098,264</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,016,535</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">428,498,582</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">463,087,831</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">640,131</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">463,727,962</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at January 1, 2024</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,098,264</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,016,535</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">428,498,582</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:2.92pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">463,087,831</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">640,131</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">463,727,962</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total comprehensive income&#58;</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:17.92pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Profit for the year</font></div></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,919,277</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:17.92pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,919,277</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,069)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,902,208</font></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remeasurements of defined benefit liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,999</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,999</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,955</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,954</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Foreign currency translation adjustments</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,768,017</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,768,017</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">57,667</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19,825,684</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Transactions with Owners&#58;</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Capital contribution from non-controlling interests</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,001)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,001)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,008)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,009)</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Transactions with non-controlling interests</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(105,902)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(105,902)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,562</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(100,340)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2024</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,979,361</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,800,551</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">513,417,859</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">567,672,221</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">691,238</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">568,363,459</font></td></tr><tr style="height:2pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the consolidated financial statements.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_22"></div><hr style="page-break-after:always"><div style="min-height:109.44pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Consolidated Statements of Cash Flow</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023 </font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.318%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.944%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.412%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.250%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.069%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.412%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.097%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.069%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.417%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash flows from operating activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Profit for the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">84,902,208</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">131,982,061</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:15.32pt;padding-right:-2.08pt;text-indent:-7.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Adjustments </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">21</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,492,995</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,164,732</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Changes in operating assets and liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">21</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,821,168)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(17,915,061)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Interest received</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,053,915</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">10,434,574</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Interest paid</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(130,027)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(156,631)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Income taxes paid</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(31,942,749)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28,079,938)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net cash provided by operating activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">78,555,174</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">132,429,737</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-left:22.72pt;padding-right:-2.08pt;text-indent:-6.8pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash flows from investing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Decrease in other current financial asset</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,667</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3,079</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Proceeds from disposal of property and equipment</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">8</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,673</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,024</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Decrease in other non-current financial assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8,496</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#12288;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-&#12288;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Increase in short-term financial instruments</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(42,264,550)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(110,179,175)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Purchase of property and equipment</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">8</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(613,947)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2,461,226)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Purchase of intangible assets</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">9</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,147,357)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(3,337,218)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">&#160;&#160;Increase in other non-current financial assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(30,374)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(626,184)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net cash used in investing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(47,034,392)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(116,579,700)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash flows from financing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Repayment of lease liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">22</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,525,288)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(4,083,272)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Cost of issuing shares of subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(16,009)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Acquisition of non-controlling interests</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(100,339)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net cash used in financing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(4,641,636)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(4,083,272)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Effects of exchange rate changes on cash and cash equivalents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">17,937,065</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,437,709</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net increase (decrease) in cash and cash equivalents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,816,211</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,204,474</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash and cash equivalents at beginning of the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">184,081,815</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">169,877,341</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash and cash equivalents at end of the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.92pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">228,898,026</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:2.92pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">184,081,815</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the consolidated financial statements.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</font></div></div></div><div id="i18d2a287474f4b9688023f61ed67b419_25"></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">1.  General Information</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(1) The Parent Company</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">GRAVITY CO., LTD. (&#8220;the Parent Company&#8221;) was incorporated on April 4, 2000, to engage in developing and publishing online and mobile games, and other related business. The Parent Company&#8217;s headquarter is located at 15F, 396 World Cup buk-ro, Mapo-gu, Seoul, Korea. The Parent Company&#8217;s principal game product, &#8220;Ragnarok&#8221;, a massive multi-player online role-playing game, was commercially launched in August 2002, and currently operated internationally in 91 markets. The Parent Company also operates many other games. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">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 (&#8220;ADSs&#8221;) under the symbol &#8220;GRVY&#8221;.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">As of December 31, 2024, the Parent Company&#8217;s total paid-in capital amounts to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">3,474,450 thousand. The Parent Company&#8217;s major shareholders and their respective percentage of ownership as of December 31, 2024 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.755%"><tr><td style="width:1.0%"></td><td style="width:37.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.738%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.570%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.738%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.571%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.17pt;padding-right:5.17pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:justify;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Number of shares</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.17pt;padding-right:5.17pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Ownership (%)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">GungHo Online Entertainment, Inc.</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:26.47pt;padding-right:2.42pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,121,737</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:25.72pt;padding-right:4.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">59.31</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Others</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:26.47pt;padding-right:2.42pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,827,163</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:25.72pt;padding-right:4.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">40.69</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:26.47pt;padding-right:2.42pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,948,900</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:25.72pt;padding-right:4.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">100.00</font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) Consolidated subsidiaries</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Details of the consolidated subsidiaries as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:24.912%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.734%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.778%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.734%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.734%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.778%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.734%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.336%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.357%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.784%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:145%">Percentage of ownership (%)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:12.00pt">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:12.00pt">Location</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:12.00pt">Main business</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:12.00pt">Fiscal </font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:12.00pt">year end</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:12.00pt">December 31, 2024</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:145%">December 31, 2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Gravity Interactive, Inc.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">USA</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center;text-indent:2.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Gravity NeoCyon, Inc. (*)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Korea</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Mobile Game Development and Service</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">99.53</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Gravity Communications Co., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Taiwan</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.67pt;padding-right:4.67pt;text-align:center;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">PT. Gravity Game Link</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Indonesia</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.67pt;padding-right:4.67pt;text-align:center;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">70</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">70</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Gravity Game Tech Co., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Thailand</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.67pt;padding-right:4.67pt;text-align:center;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Gravity Game Arise Co., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Japan</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.67pt;padding-right:4.67pt;text-align:center;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Singapore</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.67pt;padding-right:4.67pt;text-align:center;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Gravity Game Vision Limited</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.28pt;text-align:center;text-indent:0.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Hong Kong</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.67pt;padding-right:4.67pt;text-align:center;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:12.00pt">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">100</font></td></tr></table></div><div style="padding-left:35.3pt;text-indent:-19.4pt"><font><br></font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Gravity NeoCyon, Inc. was acquired an additional 0.47% during the year ended December 31, 2024 with 100% ownership interest held by the Parent Company.</font></div><div style="padding-left:35.3pt;text-indent:-19.4pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">1.  General Information, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:33.3pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Condensed financial information of subsidiaries as of and for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:30.102%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.837%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.713%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.903%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.713%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.207%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.713%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.713%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.473%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="30" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">2024</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Total</font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:147%">assets</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:147%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Total</font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:147%">liabilities</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:147%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:147%">Revenues</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:147%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.77pt;padding-right:3.77pt;text-align:center;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Profit (loss) </font></div><div style="padding-left:3.77pt;padding-right:3.77pt;text-align:center;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">for the period(*)</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">28,078,172 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,855,468 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39,938,248 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,691 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity NeoCyon, Inc.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,000,011 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,281,053 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,315,748 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,771,492 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Communications Co., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,121,263 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,687,225 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,188,837 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,754,375 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">PT. Gravity Game Link</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,693,086 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">366,844 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,475,922 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(50,963)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Tech Co., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">72,122,833 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,779,945 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48,771,433 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,860,364 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Arise Co., Ltd. </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,712,161 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,192,327 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,574,326 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(6,237,282)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Hub PTE., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">68,727,648 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,683,947 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">89,256,880 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,815,260 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Vision Limited </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">72,467,900 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">26,755,643 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">160,067,411 </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,945,899 </font></td></tr></table></div><div style="padding-left:41pt;text-indent:-25pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:41pt;text-indent:-25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) Amounts before eliminating intercompany transactions. </font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:33.3pt;text-align:justify;text-indent:-20pt"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:30.438%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.415%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.415%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.823%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.672%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="6" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="30" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Total</font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:147%">assets</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:147%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Total</font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:147%">liabilities</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:147%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:147%">Revenues</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:147%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.77pt;padding-right:3.77pt;text-align:center;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">Profit (loss) </font></div><div style="padding-left:3.77pt;padding-right:3.77pt;text-align:center;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">for the period(*)</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">23,445,002</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,670,750</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,817,549</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">1,113,103</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity NeoCyon, Inc.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">11,747,448</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">5,783,968</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">19,408,225</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">(1,270,425)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Communications Co., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">35,754,253</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">9,227,145</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">33,122,388</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">10,115,876</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">PT. Gravity Game Link</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">2,461,089</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">302,622</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">2,234,131</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">(103,406)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Tech Co., Ltd.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">50,672,065</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">8,080,609</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">30,603,821</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">11,308,220</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Arise Co., Ltd. </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">7,058,412</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">1,683,204</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">3,806,986</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">(5,392,804)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Hub PTE., Ltd. </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">74,229,285</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">37,718,412</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">287,949,942</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">34,159,815</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%">Gravity Game Vision Limited </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">51,811,357</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">10,752,847</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">145,653,444</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-indent:-10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.77pt;padding-right:-1.23pt;text-align:right;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">23,547,185</font></div></td></tr></table></div><div style="padding-left:41pt;text-indent:-25pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:41pt;text-indent:-25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) Amounts before eliminating intercompany transactions. </font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:-20pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">2.  Basis of Presentation</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The consolidated financial statements have been prepared in accordance with Korean International Financial Reporting Standards (&#8220;K-IFRS&#8221;), as prescribed in the </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:133%">Act on External Audits of Stock Companies, Etc. in the Republic of Korea. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The accompanying consolidated financial statements have been restructured and translated into English from the Korean language financial statements.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Certain information attached to the Korean language financial statements, but not required for a fair presentation of the Gravity Co., Ltd. and its subsidiaries (the &#34;Group&#34;) financial position, financial performance or cash flows, is not presented in the accompanying consolidated financial statements.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">These consolidated financial statements were authorized for issuance by the Board of Directors on March 7, 2025, and are expected to be submitted for approval at the shareholders&#8217; meeting to be held on March 31, 2025.</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(1) Basis of measurement</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The consolidated financial statements have been prepared on the historical cost basis.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) Use of judgments and estimates</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The preparation of the consolidated financial statements in conformity with K-IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The estimates and assumptions that have significant risk of affecting the carrying amounts of assets and liabilities for the reporting period are as follows&#58;&#160;</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Deferred revenue</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group sells virtual currency and items that can be used in mobile games to game users. For each game in each country, the Group estimates and applies the game user's life cycle in order to recognize revenue generated by micro-transactions. The game user's life cycle is estimated based on the average period from the game user's first payment date to the last access date for active paying game users. The Group considers a game user as an active user if the period between the time of the user&#8217;s most recent access of the game and the end of reporting period equals or is shorter than the estimated game users&#8217; life cycle. For remaining amounts of virtual currency and items that active users own at period-end, the related revenue is deferred considering the items&#8217; attributes. The Group estimates the user&#8217;s life cycle by analyzing game users&#8217; activity patterns such as payment and access and it periodically reviews if there is any change of these estimates. </font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">3.  New Standards and Interpretations Adopted During the Year and Resulting Changes in Accounting Policies</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group has applied the following standards and amendments for the first time for the annual reporting period commencing on January 1, 2024.</font></div><div style="margin-bottom:12pt;padding-left:32.2pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:6.34pt">Amendments to K-IFRS No. 1001 &#8216;Presentation of Financial Statements&#8217; &#8211; Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants</font></div><div style="margin-bottom:12pt;padding-left:15pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The amendments to Korean IFRS 1001 clarify that liabilities are classified as either current or non-current, depending on the substantive rights that exist at the end of the reporting period. Classification is unaffected by the likelihood that an entity will exercise right to defer settlement of the liability or the expectations of management. Also, the settlement of liability includes the transfer of the entity&#8217;s own equity instruments, however, it would be excluded if an option to settle them by the entity&#8217;s own equity instruments if compound financial instruments is met the definition of equity instruments and recognized separately from the liability. Covenants with which the Group must comply after the reporting date do not affect a liability&#8217;s classification at that date. The amendment requires the Group to disclose the information about the risk that the liabilities could become repayable within 12 months after the reporting date if a liability is classified as a non-current liability that the Group must comply with covenants within 12 months after the reporting period. The amendments do not have a significant impact on the financial statements</font></div><div style="margin-bottom:12pt;padding-left:32.2pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:6.34pt">Amendments to K-IFRS No. 1001 &#8216;Presentation of Financial Statement&#8217; &#8211; Disclosure of Cryptographic Assets   </font></div><div style="margin-bottom:12pt;padding-left:15pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The amendments require additional disclosure for cryptographic assets held by the Group, cryptographic assets entrusted by customers to the Group, and the issuance and transfer of cryptographic assets. The amendment requires the Group to disclose general information about cryptographic assets, including the accounting policies, the acquisition cost for each type of cryptographic asset, and the fair value of the assets if the Group holds cryptographic assets. In addition, if the Group issues cryptographic assets, the amendment requires the Group to disclose its obligations related to the issued cryptographic assets and the status of its compliance with those obligations, the timing and amount of revenue recognition for disposed cryptographic assets, the quantity of cryptographic assets held after issuance, and any significant contractual terms. The amendments do not have a significant impact on the financial statements. </font></div><div style="margin-bottom:12pt;padding-left:32.2pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:6.34pt">Amendments to K-IFRS No. 1007 &#8216;Statement of Cash Flows&#8217; and K-IFRS No. 1107 &#8216;Financial Instruments&#58; Disclosures&#8217; &#8211; Supplier finance arrangements</font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The amendments require entity to disclose information about its supplier finance arrangements that enables users of financial statements to assess the effects of those arrangements on the entity&#8217;s liabilities and cash flows and on the entity&#8217;s exposure to liquidity risk when applying supplier finance arrangements. The amendments do not have a significant impact on the financial statements.</font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%"> </font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.  New Standards and Interpretations Adopted During the Year and Resulting Changes in Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">              (4) Amendments to K-IFRS No. 1116 &#8216;Lease&#8217; &#8211; Lease Liability in a Sale and Leaseback </font></div><div style="text-align:justify;text-indent:-20pt"><font><br></font></div><div style="text-align:justify;text-indent:-20pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The amendments require a seller-lessee shall determine lease payments or revised lease payments in a way that the seller-lessee would not recognize any amount of the gain or loss that relates to the right of use retained by the seller-lessee when subsequently measuring lease liabilities arising from a sale and leaseback. The amendments do not have a significant impact on the financial statements.</font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The principal accounting policies applied in the preparation of these consolidated financial statements in accordance with the K-IFRS are set out below. These policies have been consistently applied to all years presented, except if mentioned otherwise in Note 3.</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(1) Consolidation</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group has prepared the consolidated financial statements in accordance with K-IFRS No. 1110 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:168%">Consolidated Financial Statements</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Subsidiaries are all entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are consolidated from the date on which control is obtained by the Group. They are deconsolidated from the date on which control ceases.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The acquisition method of accounting is used to account for business combinations by the Group. The consideration transferred is measured at the fair values of the assets transferred, and identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The Group recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis at the non-controlling interest&#8217;s proportionate share of the acquired entity&#8217;s net identifiable assets. Acquisition-related costs are expensed as incurred.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The excess of consideration transferred, amount of any non-controlling interest in the acquired entity and acquisition-date fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognized directly in the profit as a bargain purchase.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Intercompany transactions, balances and unrealized gains on transactions between consolidated companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) Segment reporting</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Information of each operating segment is reported in a manner consistent with the internal business segment reporting provided to the chief operating decision-maker (Note 24). The chief operating decision-maker is responsible for allocating resources and assessing performance of the operating segments.</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3) Cash and Cash equivalents</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Cash and cash equivalents include cash on hand, deposits held at call with financial institutions, and other short-term investments with original maturities of three months or less that are readily convertible to known amounts of cash.</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(4) Financial Assets</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Classification</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">At initial recognition, the Group classifies its financial assets in the following measurement categories&#58; </font></div><div style="padding-left:28.3pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">measured at fair value through profit or loss&#59;</font></div><div style="padding-left:28.3pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">measured at fair value through other comprehensive income&#59; and</font></div><div style="margin-bottom:12pt;padding-left:28.3pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">measured at amortized cost.</font></div><div style="padding-left:13.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The classification depends on the Group&#8217;s business model for managing the financial assets and the contractual terms of the cash flows. </font></div><div style="padding-left:13.5pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">For financial assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For investments in debt instruments, this will depend on the business model in which the investment is held. The Group reclassifies debt investments when, and only when its business model for managing those assets changes.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">For investments in equity instruments that are not held for trading, this will depend on whether the Group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income. Changes in fair value of equity instruments not elected as equity investment at fair value through other comprehensive income will be recognized in profit or loss.</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b) Measurement</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:153%">At initial recognition, the Group measures a financial asset at its fair value plus, for financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:153%">Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest. </font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies, Continued</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(4) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b) Measurement, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(i) Debt instruments</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Subsequent measurement of debt instruments depends on the Group&#8217;s business model for managing the asset and the cash flow characteristics of the asset. The Group classifies its debt instruments into one of the following three measurement categories&#58;</font></div><div style="margin-bottom:12pt;padding-left:56.7pt;text-align:justify;text-indent:-28.4pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:23.83pt">Amortized cost&#58; Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss on a debt investment that is subsequently measured at amortized cost and is not part of a hedging relationship is recognized in profit or loss when the asset is derecognized or impaired. Interest income from these financial assets is included in &#8216;finance income&#8217; using the effective interest rate method.</font></div><div style="margin-bottom:12pt;padding-left:56.7pt;text-align:justify;text-indent:-28.4pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:23.83pt">Fair value through other comprehensive income&#58; Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets&#8217; cash flows represent solely payments of principal and interest, are measured at fair value through other comprehensive income. Movements in the carrying amount are taken through other comprehensive income, except for the recognition of impairment loss (reversal of impairment loss), interest income and foreign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. Interest income from these financial assets is included in &#8216;finance income&#8217; using the effective interest rate method. Foreign exchange gains and losses are presented in &#8216;finance income or costs&#8217; and impairment losses are presented in &#8216;other non-operating expenses&#8217;. </font></div><div style="margin-bottom:12pt;padding-left:56.7pt;text-align:justify;text-indent:-28.4pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:23.83pt">Fair value through profit or loss&#58; Assets that do not meet the criteria for amortized cost or fair value through other comprehensive income are measured at fair value through profit or loss. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss and is not part of a hedging relationship is recognized in profit or loss and presented net in the statement of profit or loss within &#8216;finance income or costs&#8217; in the year in which it arises. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(4) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b) Measurement, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(ii) Equity instruments</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group subsequently measures all equity investments at fair value. Where the Group&#8217;s management has elected to present fair value gains and losses</font><font style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">on equity investments, which are held for long-term investment or strategic purpose, in other comprehensive income. There is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Changes in the fair value of financial assets at fair value through profit or loss are recognized in &#8216;other non-operating income or expenses&#8217; in the statement of profit or loss as applicable. Impairment loss (reversal of impairment loss) on equity investments measured at fair value through other comprehensive income are not reported separately from other changes in fair value.</font></div><div style="margin-bottom:12pt;padding-left:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(c) Impairment</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group recognizes loss allowances for expected credit losses(&#8220;ECLs&#8221;) on&#58;</font></div><div style="padding-left:28.3pt;text-align:justify"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">financial assets measured at amortized cost&#59;</font></div><div style="padding-left:28.3pt;text-align:justify"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">debt investments measured at fair value through other comprehensive income&#59; and</font></div><div style="margin-bottom:12pt;padding-left:28.3pt;text-align:justify"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">contract assets under K-IFRS No. 1115.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured at 12-month ECLs&#58;</font></div><div style="padding-left:28.3pt;text-align:justify"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">debt securities that are determined to have low credit risk at the reporting date&#59; and</font></div><div style="padding-left:56.7pt;text-align:justify;text-indent:-28pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:23.43pt">other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Loss allowances for accounts and other receivables (including lease receivables) and contract assets are always measured at an amount equal to lifetime ECLs.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Group&#8217;s historical experience and informed credit assessment, that includes forward-looking information.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(4) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(c) Impairment, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group considers a financial asset to be in default when&#58;</font></div><div style="padding-left:56.7pt;text-align:justify;text-indent:-28.4pt"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:23.83pt">the debtor is unlikely to pay its obligations to the Group in full, without recourse by the Group to actions such as realizing security (if any is held)&#59; or</font></div><div style="padding-left:28.3pt;text-align:justify"><font style="font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:168%"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:3.13pt">the financial asset is more than 90 days past due.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Group expects to receive). ECLs are discounted at the effective interest rate of the financial asset.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">At each reporting date, the Group assesses whether financial assets carried at amortized cost and debt securities at fair value through other comprehensive income are credit-impaired. A financial asset is &#8216;credit-impaired&#8217; when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. For debt securities at fair value through other comprehensive income, the loss allowance is charged to profit or loss.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(4) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(d) Recognition and Derecognition</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Regular way purchases and sales of financial assets are recognized or derecognized on trade-date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">If a transfer does not result in derecognition because the Group has retained substantially all the risks and rewards of ownership of the transferred asset, the Group continues to recognize the transferred asset in its entirety and recognizes a financial liability for the consideration received.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(e) Offsetting of financial instruments</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Financial assets and liabilities are offset and the net amount reported in the consolidated statements of financial position where there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the assets and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Group or the counterparty.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(5) Accounts receivable</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Account receivables are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components in which case they are recognized at fair value. Account receivables are subsequently measured at amortized cost using the effective interest method, less loss allowance. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(6) Property and Equipment</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Property and equipment are initially measured at cost. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management, and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. </font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(6) Property and Equipment, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Property and equipment, subsequently, are carried at cost less accumulated depreciation and accumulated impairment losses.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Subsequent costs are recognized in the carrying amount of property and equipment at cost or, if appropriate, as a separate item if it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be reliably measured.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Depreciation of all property and equipment, except for land, is calculated using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives as follows&#58;</font></div><div style="padding-left:43.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:48.126%"><tr><td style="width:1.0%"></td><td style="width:55.611%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.142%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:40.847%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Estimated Useful Lives</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Computer and other equipment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">4 years</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Furniture and fixture</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">4 years</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Vehicles</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">4 years</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Leasehold improvements</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">(*)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Right-of-use assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">(*)</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(*) The Group depreciates Right-of-use asset and the Leasehold improvements from the commencement date and the available date to the earlier date between the end of the lease term and the expiration date of Right-of-use asset&#8217;s useful life using the straight-line method. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Depreciation methods, useful lives, and residual values are reviewed at the end of each reporting date and adjusted, if appropriate. The change is accounted for as a change in an accounting estimate.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(7) Intangible Assets</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Intangible assets, except for goodwill, are initially recognized at its historical cost, and carried at cost less accumulated amortization and accumulated impairment losses. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group amortizes intangible assets with a limited useful life using the straight-line method over the following periods&#58;</font></div><div style="padding-left:42.55pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:41.989%"><tr><td style="width:1.0%"></td><td style="width:49.284%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.338%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:46.978%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Estimated Useful Lives</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Software</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">1&#126;3 years</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Industrial property rights</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">10 years</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">Other intangible assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:180%">3 years</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Expenditure on research activities is recognized in profit or loss as incurred. Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Group intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditure is recognized in profit or loss as incurred.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(7) Intangible Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group entered into a game licensing agreement with a number of third parties to gain exclusive rights to the games developed by those companies. The license fee payments are recognized as other intangible assets and amortized over the term of the contract using the straight-line method.</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(8) Impairment of Non-financial Assets</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">At each reporting date, the Group reviews the carrying amounts of its non-financial assets (other than contract assets, incremental costs of obtaining a contract, costs to fulfil a contract, employee benefit related assets and deferred tax assets) to determine whether there is any indication of impairment. If any such indication exists, then the asset&#8217;s recoverable amount is estimated. Goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, irrespective of whether there is any indication of impairment, are tested for impairment annually by comparing their recoverable amounts to their carrying amounts.</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The recoverable amount of an asset or cash generating unit (&#8220;CGU&#8221;) is the greater of its value in use and its fair value less costs to sell. Value in use is based on the estimated future cash flows, discounted to their present value using an adjusted discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%"><br>An impairment loss is recognized in profit or loss if the carrying amount of an asset or CGU exceeds its recoverable amount.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(9) Leases</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group uses the definition of a lease in K-IFRS No. 1116.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) As a lessee</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. However, the Group has elected not to separate non-lease components and account for the lease and non-lease components as a single lease component by class of underlying asset.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group determines the lease term as the non-cancellable period of a lease, together with both (a) periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option&#59; and (b) periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option. When the lessee and the lessor each has the right to terminate the lease without permission from the other party, the Group should consider a termination penalty in determining the period for which the contract is enforceable.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies, Continued</font></div><div style="text-indent:-20pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(9) Leases, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) As a lessee, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain re-measurements of the lease liability.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group&#8217;s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rates.</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Lease payments included in the measurement of the lease liability comprise the following&#58;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:145%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;padding-left:17.45pt">fixed payments, including in-substance fixed payments&#59;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:145%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;padding-left:17.45pt">variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date&#59;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:145%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;padding-left:17.45pt">amounts expected to be payable under a residual value guarantee&#59; and</font></div><div style="margin-bottom:12pt;padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:145%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;padding-left:17.45pt">the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The lease liability is measured at amortized cost using the effective interest method. It is re-measured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group&#8217;s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies, Continued</font></div><div style="text-indent:-20pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(9) Leases, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) As a lessee, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">When the lease liability is re-measured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group presents right-of-use assets that do not meet the definition of investment property in &#8216;Property and equipment&#8217; and lease liabilities in &#8216;Other current liabilities&#8217; and &#8216;Other non-current liabilities&#8217; in the consolidated statement of financial position.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Group recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b) As a lessor</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">At inception or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">When the Group acts as a lessor, it determines at lease inception whether each lease is a finance lease or an operating lease.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">To classify each lease, the Group makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease&#59; if not, then it is an operating lease. As part of this assessment, the Group considers certain indicators such as whether the lease is for the major part of the economic life of the asset.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">When the Group is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease, not with reference to the underlying asset. If a head lease is a short-term lease to which the Group applies the exemption described above, then it classifies the sub-lease as an operating lease.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">If an arrangement contains lease and non-lease components, then the Group applies K-IFRS No. 1115 to allocate the consideration in the contract.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group applies the de-recognition and impairment requirements in K-IFRS No. 1109 to the net investment in the lease. The Group further regularly reviews estimated unguaranteed residual values used in calculating the gross investment in the lease.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as part of &#8216;non-operating income&#8217;.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font><br></font></div><div style="text-indent:-20pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">4.  Significant Accounting Policies, Continued</font></div><div style="text-indent:-20pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(10) Financial Liabilities</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Classification and measurement</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group&#8217;s financial liabilities at fair value through profit or loss are financial instruments held for trading. A financial liability is held for trading if it is incurred principally for the purpose of repurchasing in the near term. A derivative that is not a designated as hedging instruments and an embedded derivative that is separated are also classified as held for trading.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group classifies non-derivative financial liabilities, except for financial liabilities at fair value through profit or loss, financial guarantee contracts and financial liabilities that arise when a transfer of financial assets does not qualify for de-recognition, as financial liabilities carried at amortized cost and present as &#8216;accounts payable&#8217;, &#8216;other current liabilities&#8217; and &#8216;other non-current liabilities&#8217; in the consolidated statement of financial position. </font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:168%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">De-recognition</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Financial liabilities are removed from the consolidated statement of financial position when it is extinguished&#59; for example, when the obligation specified in the contract is discharged or cancelled or expired or when the terms of an existing financial liability are substantially modified. The difference between the carrying amount of a financial liability extinguished or transferred to another party and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(11) Provisions and Contingent Liabilities</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Provisions are recognized when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value reflects current market assessments of the time value of money and the risks specific to the liability.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">In addition, when there is a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability, a disclosure regarding the contingent liabilities is made in the notes to the financial statements.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(12) Foreign Currency Translation</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Functional and presentation currency</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Items included in the consolidated financial statements of each of the Group&#8217;s entities are measured using the currency of the primary economic environment in which each entity operates (the &#8220;functional currency&#8221;). The consolidated financial statements are presented in Korean won, which is the Parent Company&#8217;s functional and presentation currency. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b) Transactions and balances</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:173%">Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:173%">at the exchange rate at the reporting date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:173%"> are generally recognized in profit or loss. They are recognized in other comprehensive income if they relate to qualifying cash flow hedges and qualifying effective portion of net investment hedges in a foreign operation. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Exchange differences arising on non-monetary financial assets and liabilities such as equity instruments at fair value through profit or loss and equity instruments at fair value through other comprehensive income are recognized in profit or loss and other comprehensive income, respectively, as part of the fair value gain or loss.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(13) Statement of cash flows</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group has elected to present cash flows from operating activities using the indirect method. Cash flows denominated in a foreign currency are reported using average exchange rate.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(14) Revenues from contracts with customers</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Group engages in game licensing, IP licensing and game publishing businesses.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Revenue is measured at the fair value of the consideration received or receivable for the sale of goods or rendering of services arising from the normal course of the business. Amounts recognized as revenue are net of value added taxes, returns, rebates and discounts. </font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(14) Revenues from contracts with customers, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Revenue from micro-transaction and subscription</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Group recognizes micro-transaction revenue of online and mobile games when the Group satisfies its performance obligations. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Whether the performance obligations are satisfied depends on the natures of virtual currency and in-game virtual items. Items are categorized into consumable, periodic, and permanent in-game virtual items.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Consumable in-game virtual items are items that are consumed by the specific action of a game user, and periodic in-game virtual items are items that can be used repeatedly during a specified effective period. Permanent in-game virtual items are items that can be used by game users repeatedly without an effective period.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The accounting policy on revenue recognition is described below in relation to micro-transaction revenue from the sales of virtual currency and items. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(i) Online Games</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The specific method of recognizing and deferring revenue for virtual currency and consumable, periodic, and permanent items purchased with virtual currency is as follows.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At the end of the reporting period, the Group defers the total amount of remaining virtual currency.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For consumable in-game virtual items, the related revenue is recognized when the in-game virtual item is consumed. The Group defers the revenue for remaining amounts of virtual items owned by active paying users within the estimated user life cycle at the end of the reporting period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For periodic in-game virtual items, the related revenue is recognized ratably over the effective period. The Group defers the revenue for remaining effective period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For permanent in-game virtual items, revenue is recognized ratably over the estimated user life cycle. The Group defers the revenue for remaining period of estimated user life cycle at the end of the reporting period.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(ii) Mobile Games</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The specific method of recognizing and deferring revenue for virtual currency and consumable, periodic, and permanent items purchased with virtual currency is as follows.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Mobile game users purchase virtual currency that can be used to purchase in-game items. The Group has no refund obligation after the game user</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:133%">s</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> purchase virtual currency. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At the end of the reporting period, the Group defers the revenue for the remaining virtual currency possessed by active paying users. </font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">24</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(14) Revenues from contracts with customers, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Revenue from micro-transaction and subscription, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(ii) Mobile Games, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For consumable in-game virtual items, revenue is recognized when the in-game virtual item is consumed. The Group defers the revenue for remaining virtual items possessed by active users within the estimated user life cycle at the end of the reporting period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For periodic in-game virtual items with effective period, revenue is recognized ratably over the effective period. The Group defers the revenue for remaining effective period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For permanent in-game virtual items, revenue is recognized ratably over the estimated user life cycle. The Group defers the revenue for remaining period of estimated user life cycle at the end of the reporting period.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Royalties and License Fees</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">In connection with the Group&#8217;s online and mobile games, the Group enters into license agreement in connection with the right to access the intellectual property, such as game character images and stories. The Group believes that the agreement is a promise to provide a right to the customer to access the related IP because the Group will undertake activities that significantly affect the intellectual property to which the customer has rights, the rights granted by the license directly expose the customer to any positive or negative effects of the Group&#8217;s activities, and those activities do not result in the transfer of a good or a service to the customer as those activities occur. Therefore, the Group&#8217;s performance obligations in connection with these agreements are satisfied over time. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Since the nature of the license promise is to provide customers with access to the intellectual property of the Group during the license period, the Group's performance obligation corresponds to the performance obligation satisfied over time, and revenue is recognized over the license period. The Group recognizes revenue for the license fee through the straight-line method during the contract period, and for the running royalty revenue, the revenue is recognized on an accrual basis at the time the revenue distribution is established in accordance with the terms of the contract. When the running royalty revenue based on the contractual royalty rate and the actual revenue of the licensee exceeds the ratably recognized minimum guarantee, the excess amount is then recognized as revenue and accounts receivable. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(c) Other revenue</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Other revenue consists of revenue from sales of console games, game character merchandise, animation and other services, including website development and operation services for third parties. Revenues from development and operation services for third parties are recognized over time by measuring progress towards complete satisfaction of a performance obligation. </font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(14) Revenues from contracts with customers, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(d) Incremental costs of obtaining contract</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Group pays platform processing fees to operate mobile games on third party platforms. These fees are charged based on the game users&#8217; purchases in cash and considered as incremental cost of obtaining contracts with customer and therefore capitalized. The Group presents these costs as prepaid expense and amortizes them to costs of revenue at the same time when the related revenue of the services provided to the game users are recognized. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(15) Current and Deferred Tax</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The tax expense for the period consists of current and deferred tax. Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. The tax expense is measured at the amount expected to be paid to the taxation authorities, using the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation, and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Group measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. However, deferred income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Deferred tax assets are recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">tax credit.</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group recognizes a deferred tax liability all taxable temporary differences associated with investments in subsidiaries, associates, and interests in joint arrangements, except to the extent that the Group is able to control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. In addition, the Group recognizes a deferred tax asset for all deductible temporary differences arising from such investments to the extent that it is probable the temporary difference will reverse in the foreseeable future and taxable profit will be available against which the temporary difference can be utilized.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(16) Employee Benefits</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Short-term employee benefits</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Short-term employee benefits are employee benefits that are due to be settled within 12 months after the end of the period in which the employees render related services. When an employee has rendered a service to the Group during an accounting period, the Group recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for that service.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b) Post-employment benefits</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group&#8217;s retirement pension plans are divided into defined contribution plans and defined benefit plans.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group has a defined contribution pension plan with the related contribution to the pension plan recorded as severance benefit expenses for the employees with service period over a year. The Group recognizes provision for severance benefits for the employees with service period less than a year.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">A defined benefit plan is a pension plan that is not a defined contribution plan. Generally, post-employment benefits are payable after the completion of employment, and the benefit amount depended on the employee&#8217;s age, periods of service or salary levels. The liability recognized in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms approximating to the terms of the related obligation. Re-measurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in the period in which they occur, directly in other comprehensive income. Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognized immediately in profit or loss as past service costs.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(17) Standards issued but not yet effective</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">A number of new standards are effective for annual periods beginning after January 1, 2024 and earlier application is permitted&#59; however, the Group has not early adopted the new or amended standards in preparing these consolidated financial statements.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The following new and amended standards and interpretations are not expected to have a significant impact on the Group&#8217;s consolidated financial statements.</font></div><div style="padding-left:49.65pt;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:17.45pt">Lack of Exchangeability (Amendment to K-IFRS 1021 &#8216;The Effects of Changes in Foreign Exchange Rates&#8217;)</font></div><div style="padding-left:49.65pt;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:17.45pt">Classification and Measurement of Financial Instruments (Amendment to K-IFRS 1109 &#8216;Financial Instruments&#8217; and K-IFRS 1107 &#8216;Financial Instruments&#58; Disclosures&#8217;)</font></div><div style="padding-left:49.65pt;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:17.45pt">Annual Improvements to IFRS Accounting Standards </font></div><div style="padding-left:51pt;text-indent:5.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:11.97pt">K-IFRS 1101 &#8216;First-time adoption of International Financial Reporting Standards&#8217;&#59;</font></div><div style="padding-left:51pt;text-indent:5.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:11.97pt">K-IFRS 1107 &#8216;Financial instruments&#58; Disclosures&#8217;&#59;</font></div><div style="padding-left:51pt;text-indent:5.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:11.97pt">K-IFRS 1109 &#8216;Financial instruments&#8217;&#59;</font></div><div style="padding-left:51pt;text-indent:5.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:11.97pt">K-IFRS 1110 &#8216;Consolidated financial instruments&#8217;&#59; and</font></div><div style="padding-left:51pt;text-indent:5.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:11.97pt">K-IFRS 1007 &#8216;Statement of cash flows&#8217;</font></div><div style="padding-left:91.3pt"><font><br></font></div><div style="padding-left:91.2pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">5.  Cash and cash equivalents</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(1) Cash and cash equivalents as of December 31, 2024 and 2023 are as follows&#58; </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:84.463%"><tr><td style="width:1.0%"></td><td style="width:31.404%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.915%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.947%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.947%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.345%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.950%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won) </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2023</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Demand deposits, etc.</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">228,898,026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">184,081,815</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) The Group does not have any restricted cash and cash equivalents as of December 31, 2024 and 2023.</font></div><div style="margin-top:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">6.  Financial Instruments by Category</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Carrying amounts of financial instruments by category as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.638%"><tr><td style="width:1.0%"></td><td style="width:35.930%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.132%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.506%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="9" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Financial assets at amortized cost</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cash and cash equivalents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">228,898,026</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">184,081,815</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Short-term financial instruments</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">324,304,040</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">277,215,000</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts receivable, net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">81,152,458</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">71,212,897</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other receivables, net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">15,557</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">7,499</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other current financial assets(*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">6,601,519</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">4,438,717</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other non-current financial assets(*2)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">1,766,588</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">1,824,076</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">642,738,188</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">538,780,004</font></div></td></tr></table></div><div style="text-align:justify;text-indent:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*1) Other current financial assets consist of accrued income and deposits.</font></div><div style="text-align:justify;text-indent:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*2) Other non-current financial assets consist of deposits.</font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.122%"><tr><td style="width:1.0%"></td><td style="width:36.421%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.818%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.370%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.215%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.479%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.479%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.218%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Financial liabilities at amortized cost</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts payable(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">63,327,918</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">57,614,579</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Long-term accounts payable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">220,108</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">677,520</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accrued expenses(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">312,563</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">395,264</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">3,179,423</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">4,225,209</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other non-current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">3,942,100</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">2,337,189</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">70,982,112</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">65,249,761</font></div></td></tr></table></div><div><font><br></font></div><div style="padding-left:14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Annual leave allowance, bonus accruals, etc. that should be paid to employees are excluded.</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">6.  Financial Instruments by Category, Continued</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) Net income(expenses) from financial instruments for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:87.047%"><tr><td style="width:1.0%"></td><td style="width:37.675%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.655%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.651%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.874%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.727%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.618%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial assets at amortized cost</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,058,776</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,486,840</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Differences in foreign currency</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,813,143</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,653,930)</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Financial assets at fair value through profit or loss</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,539</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;22,871,919 </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,838,449</font></td></tr></table></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:87.209%"><tr><td style="width:1.0%"></td><td style="width:40.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.651%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.903%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial liabilities at amortized cost</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">&#160;Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(135,377)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(161,809)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">&#160;Differences in foreign currency</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,773,223)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,344,837)</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,908,600)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,506,646)</font></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3) Fair value hierarchy</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows&#58;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Level 1&#58; quoted prices (unadjusted) in active markets for identical assets or liabilities&#59;</font></div><div style="padding-left:49.65pt;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Level 2&#58; all inputs other than quoted prices included in level 1 that are observable (either directly that is, prices, or indirectly that is, derived from prices) for the assets or liabilities&#59;</font></div><div style="margin-bottom:12pt;padding-left:49.65pt;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Level 3&#58; unobservable inputs for the assets or liabilities.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The fair value of financial instruments traded in an active market is determined based on the quoted market price as of the end of the reporting period. If the quoted prices are readily and regularly available through exchanges, sellers, brokers, industry groups, rating agencies or regulators and such prices represent actual market transactions that occur regularly between independent parties, they are considered active markets. These products are included in Level 1.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The fair value of financial instruments that are not traded in an active market is determined using valuation techniques. These valuation techniques use as much market observable information as possible and use the least amount of company-specific information. At this time, if all the significant input variables required to measure the fair value of a good are observable, the good is included in Level 2.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">If more than one significant input variable is not based on observable market information, the item is included in Level 3.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">6.  Financial Instruments by Category, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3) Fair value hierarchy, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The valuation techniques used to measure the fair value of a financial instrument include&#58;</font></div><div style="padding-left:21.3pt;text-align:justify;text-indent:-5.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-  Market price or dealer price of a similar financial instrument </font></div><div style="margin-bottom:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-  The fair value of derivative instruments is determined by discounting the amount to present value using the leading exchange rate as of the end of the reporting period </font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify;text-indent:1.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For the other financial instruments, the Group applied other valuation techniques such as discounted cash flow, etc.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">7.  Accounts and Other Receivables</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Accounts and other receivables as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.868%"><tr><td style="width:1.0%"></td><td style="width:33.553%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.790%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.421%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.790%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.596%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.450%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.576%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.790%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.104%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won) </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Accounts</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Other receivables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Accounts</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Other receivables</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Non-related party</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:28.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">78,368,067</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,577,283</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">69,867,200</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,642,678</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Related party </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,334,062</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,971,637</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Less&#58; Loss allowance</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(549,671)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,101)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(625,940)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,092)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Accounts and other receivables, net</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:93.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,152,458</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,572,182</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71,212,897</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,637,586</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Changes in the loss allowance of accounts and other receivables during the years ended December 31, 2024 and 2023 are as follows&#58; </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.706%"><tr><td style="width:1.0%"></td><td style="width:38.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.040%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.461%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.461%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.461%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.469%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Accounts</font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Other receivables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Accounts</font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Other receivables</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Beginning balance</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:88.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">625,940</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,092</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">319,535</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,809</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Bad debt expenses</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">588,809</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,401,565</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">283</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Write-off</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(665,078)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,095,160)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Ending balance</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">549,671</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,101</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">625,940</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,092</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Expected credit losses (ECLs) and credit risk exposures for accounts receivable as of December 31, 2024 and 2023 are as follows, Continued&#58;</font></div><div style="margin-bottom:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">7.  Accounts and Other Receivables, Continued</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(a) Accounts receivable</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:34.625%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.930%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.818%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.597%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.525%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.112%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.597%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.597%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.999%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">December 31, 2024</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Expected loss rate(%)</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Carrying</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">amount</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Loss<br>allowance</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Not due or overdue for less than 90 days</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right;text-indent:24.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">0.43&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:-1.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">81,335,050</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">350,478</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">More than 90 days &#126; Less than 180 days</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">22.5&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:-20.9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">214,517</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">48,305</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 180 days &#126; Less than 270 days</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">87.0&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,851</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,177</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 270 days &#126; Less than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">100.0&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,430</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,430</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">100.0&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">135,281</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">135,281</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:-13.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">81,702,129</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">549,671</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Expected loss rate(%)</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Carrying</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">amount</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Loss<br>allowance</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Not due or overdue for less than 90 days</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;0.6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:147%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:147%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71,333,503</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">437,524</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">More than 90 days &#126; Less than 180 days</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">314,966</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,216</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 180 days &#126; Less than 270 days</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27,010</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,507</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 270 days &#126; Less than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">87.3</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,240</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,575</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">158,118</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">158,118</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71,838,837</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">625,940</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">7.  Accounts and Other Receivables, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(b) Other receivables</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.645%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.925%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.925%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.764%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.919%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.977%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.764%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.981%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">December 31, 2024</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Expected loss rate(%)</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Carrying</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">amount</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Bad debt<br>allowance</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Not due or overdue for less than 90 days</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,566,100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">More than 90 days &#126; Less than 180 days</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,091</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 180 days &#126; Less than 270 days</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 270 days &#126; Less than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,092</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,092</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,577,283</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,101</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Expected loss rate(%)</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Carrying</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">amount</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Bad debt<br>allowance</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Not due or overdue for less than 90 days</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;3,637,586</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">More than 90 days &#126; Less than 180 days</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 180 days &#126; Less than 270 days</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 270 days &#126; Less than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">0.0</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.87pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">More than 1 year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">100</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,092</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,092</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;3,642,678</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,092</font></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">In assessing the recoverability of accounts and other receivables, the Group considers changes in the credit rating of accounts and other receivables from the commencement of the credit to the end of the reporting period.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-top:2pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Group applies simplified approach for accounts and other receivables to measure the loss allowance at an amount equal to lifetime expected credit losses. To measure the expected credit losses, accounts and other receivables are grouped based on credit risk characteristics and the duration of past due balances. ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls. The Group considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes the Group&#8217;s historical experience and informed credit assessment, that includes forward-looking information. </font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">33</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">8.  Property and Equipment</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Details of property and equipment as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.343%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.732%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.165%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.245%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.634%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.563%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:199%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.67pt;padding-right:0.67pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Acquisition</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">cost</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Accumulated depreciation</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Carrying</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">amount</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Acquisition cost</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Accumulated depreciation</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Carrying</font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">amount</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Computer and other equipment</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,359,682</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,965,593)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,394,089</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,185,694</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,649,592)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,536,102</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Furniture and fixture</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,844,600</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,624,216)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">220,384</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,887,411</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,620,887)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">266,524</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Construction in- progress</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,209,024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,209,024</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Vehicles</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,101</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(9,101)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,101</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(7,773)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,328</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Leasehold improvements</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,527,843</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,348,905)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,178,938</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,172,021</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,655,049)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">516,972</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Right-of-use assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,087,225</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,923,550)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,163,675</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,513,706</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,892,906)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,620,800</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25,828,451</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(15,871,365)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,957,086</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">27,976,957</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17,826,207)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,150,750</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Changes in property and equipment for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:16.225%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.927%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.146%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.562%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.091%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">&#160;</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="39" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">&#160;</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">&#160;</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Computer and other equipment</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Furniture</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">and fixture</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Constru-ction in progress</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Vehicles</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Leasehold</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Improve-ments</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Right-of-use assets</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Beginning balance</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,536,102</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">266,524</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,209,024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,328</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">516,972</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6,620,800</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10,150,750</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.47pt;padding-right:-1.88pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Rent Adjustment</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">131,131</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:6.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">131,131</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.47pt;padding-right:-1.88pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Acquisitions&#47;Capital expenditure</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">474,620</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">130,505</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,059</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,781,383</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,397,567</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(649,645)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(180,149)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,328)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(638,774)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4,552,951)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(6,022,847)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Disposition&#47;Disposals&#47;<br>Removals</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(69)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(69)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Substitution</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,290,528)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,290,528</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.67pt;padding-right:-1.88pt;text-indent:-9.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Foreign exchange differences</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">33,012</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,573</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">81,504</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(847)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">183,312</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">300,554</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Ending balance</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,394,089</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">220,384</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,178,938</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,163,675</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9,957,086</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">34</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">8.  Property and Equipment, Continued</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:16.225%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.927%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.146%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.562%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.091%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">&#160;</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="39" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">&#160;</font></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">&#160;</font></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Computer and other equipment</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Furniture</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">and fixture</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Constru-ction in progress</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Vehicles</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:1.12pt;padding-right:1.12pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Leasehold</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Improve-ments</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Right-of-use assets</font></div></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Beginning balance</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,113,069</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">338,061</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,603</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">726,988</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,958,408</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8,140,129</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.47pt;padding-right:-1.88pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Rent Adjustment</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">260,698</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:6.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">260,698</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.47pt;padding-right:-1.88pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Acquisitions&#47;Capital expenditure</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,065,137</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">104,851</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,209,024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">82,215</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,443,047</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6,904,274</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(656,408)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(177,186)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(2,275)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(299,836)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4,116,479)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(5,252,184)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Disposition&#47;Disposals&#47;<br>Removals</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(43)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(729)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(772)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Substitution</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(875)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">875</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.67pt;padding-right:-1.88pt;text-indent:-9.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Foreign exchange differences</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15,222</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">652</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,605</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">75,126</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">98,605</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Ending balance</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,536,102</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">266,524</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,209,024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,328</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">516,972</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6,620,800</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10,150,750</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Classification of depreciation expenses in the statements of comprehensive income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.470%"><tr><td style="width:1.0%"></td><td style="width:48.719%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.759%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.477%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.479%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.17pt;padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cost of revenues</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,749,867</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,853,122</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Selling, general and administrative expenses(*)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,272,980</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,399,062</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,022,847</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,252,184</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;padding-right:11.3pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(*) The deprecation expenses recognized as the research and development included in selling, general and administrative expenses was </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">33,388 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%"> 30,500 thousand, respectively, for the years ended December 31, 2024 and 2023.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) As of December 31, 2024 and 2023, there are no property and equipment that are pledged as collateral for the Group&#8217;s debts.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">9.  Intangible Assets</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Details of intangible assets as of December 31, 2024 and 2023 are as follows&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:18.203%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.525%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.640%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.380%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.123%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.380%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.380%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.106%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.380%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.349%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.380%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.704%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.670%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.801%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:155%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.17pt;padding-right:5.17pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">December 31, 2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Acquisition cost</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Accumulated amortization</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Carrying</font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">amount</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Acquisition</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">cost</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Accumulated amortization</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Carrying</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">amount</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Software</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,535,808</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(14,751,681)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,784,127</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,567,637</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(14,786,707)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:21.37pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,780,930</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Patents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,745,310</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(863,134)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">882,176</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,375,923</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(751,056)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">624,867</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:6.37pt;padding-right:-2.63pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Other intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,196,274</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(5,806,029)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,390,245</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,877,474</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6,913,312)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,964,162</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28,477,392</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(21,420,844)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,056,548</font></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">28,821,034</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(22,451,075)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,369,959</font></td></tr></table></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(*) Accumulated amortization includes the amount of accumulated impairment loss.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">35</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">9.  Intangible Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Changes in intangible assets for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:7.1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:22.000%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.319%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.559%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.185%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.559%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.985%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.559%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.422%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.27pt;padding-right:6.27pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></div></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Software</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Patents</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Other intangible assets</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Total</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Beginning balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,780,930</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">624,867</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,964,162</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,369,959</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Acquisitions&#47;Capital expenditure</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">378,818</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">369,387</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">3,758,303</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,506,508</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(1,381,774)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(112,078)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(1,717,116)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(3,210,968)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Disposals</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(2,839)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(2,839)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impairment(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(614,741)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(614,741)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign exchange differences</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,153</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,476</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">8,629</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Ending balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,784,127</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">882,176</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,390,245</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-indent:-10.15pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:right;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">7,056,548</font></div></td></tr></table></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) The Group recognized W614,741 thousand of impairment loss as carrying amount of the other intangible assets exceeded recoverable amount as of December 31, 2024.</font></div><div style="padding-left:7.1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:21.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.940%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.705%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.717%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.896%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.717%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.717%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.489%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6.27pt;padding-right:6.27pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Software</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Patents</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Other intangible assets</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Total</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Beginning balance</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,939,050</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">544,272</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,386,156</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,869,478</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-1.23pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Acquisitions&#47;Capital expenditure</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,136,072</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">170,103</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,149,153</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,455,328</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,296,047)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(83,326)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,026,289)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,405,662)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Disposals</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(6,182)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11,745)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17,927)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impairment(*)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,531,081)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,531,081)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-1.23pt;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign exchange differences</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,855</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,032)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(177)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.92pt;padding-right:-1.23pt;text-align:justify;text-indent:-10.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Ending balance</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,780,930</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">624,867</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,964,162</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,369,959</font></td></tr></table></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) The Group recognized </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1,531,081 thousand of impairment loss as carrying amount of the other intangible assets exceeded recoverable amount as of December 31, 2023.</font></div><div style="padding-left:10pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Classification of amortization in the statements of comprehensive income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.799%"><tr><td style="width:1.0%"></td><td style="width:46.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.032%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.876%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.856%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.92pt;padding-right:0.92pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Cost of revenues</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.47pt;padding-right:1.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">935,620</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">708,379</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Selling, general and administrative expenses(*)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,275,348</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,697,283</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.47pt;padding-right:1.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,210,968</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,405,662</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;padding-right:11.3pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(*) The amortization recognized as the research and development included in selling, general and administrative expenses was </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">528,382 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">356,841 thousand, respectively, for the years ended December 31, 2024 and 2023.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;margin-top:12pt;padding-right:11.3pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">10. Other non-current assets</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.799%"><tr><td style="width:1.0%"></td><td style="width:46.940%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.032%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.876%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.696%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.856%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.92pt;padding-right:0.92pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Prepaid Expenses(*)&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.47pt;padding-right:1.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;8,131,937 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,308,818</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Others&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;319,506 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">675,979</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.47pt;padding-right:1.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;8,451,443 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,984,797</font></td></tr></table></div><div style="text-indent:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Prepaid Expenses consist of the minimum guaranteed royalty paid to third parties.</font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">11. Employee Benefit </font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The expenses recognized in relation to defined contribution plan for the years ended December 31, 2024 and 2023 are </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">2,654,583 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">2,413,403 thousand, respectively. In addition, expenses related to defined benefit plans amounting to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">74,121 thousand are included in other non-current liabilities as of December 31, 2024.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">12. Commitments</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) The Group has entered into license agreements with various third-party game developers to secure exclusive right to publish the games developed by the third-party developers. Upfront license fees paid are capitalized and recognized as other intangible assets and minimum guaranteed royalties are capitalized and recognized as other non-current assets. Purchase obligations for future acquisition related to above agreements which were not recognized as liabilities as of December 31, 2024 and 2023 are </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%"> 4,835,726 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">4,941,782 thousand, respectively.</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) As of December 31, 2024, the Group benefited from payment guarantee of USD 244,500 from KB Kookmin Bank regarding overseas IP contracts.</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) As of December 31, 2024, the Group benefited from payment guarantee of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">518,243 thousand from Seoul Guarantee Insurance Co., Ltd.</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">37</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">13. Share Capital and Capital Surplus</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Details of common shares as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.315%"><tr><td style="width:1.0%"></td><td style="width:41.879%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.656%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.352%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.197%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.358%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.658%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In won and in number of shares)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Number of authorized shares </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,000,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">40,000,000</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Value per share</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Number of shares issued </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,948,900</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,948,900</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Common shares</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,474,450,000</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,474,450,000</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify;text-indent:15pt"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Details of capital surplus as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.476%"><tr><td style="width:1.0%"></td><td style="width:41.464%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.825%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.857%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.193%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.489%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.828%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Additional paid-in capital</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,292,211</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,292,211</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Other capital surplus </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,687,150</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,806,053</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26,979,361</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">27,098,264</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Details of other components of equity as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.153%"><tr><td style="width:1.0%"></td><td style="width:48.642%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.874%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.968%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.826%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.660%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2023</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign currency translation adjustments </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,784,631</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,016,614</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Re-measurements of defined benefit liability </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,920</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(79)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,800,551</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,016,535</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:10pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Details of retained earnings as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.992%"><tr><td style="width:1.0%"></td><td style="width:45.291%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.659%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.367%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.408%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.095%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.662%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Unappropriated retained earnings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">513,417,859</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">428,498,582</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(5) According to the Parent Company's Articles of Incorporation, the Parent Company may issue 2,000,000 shares of preferred stock without voting rights, and there are no preferred shares issued as of December 31, 2024.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">38</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">14. Revenue from Contracts with Customers</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Details of revenue from contracts with customers based on the service contract type and the timing of satisfaction of performance obligations are as follows&#58; </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.315%"><tr><td style="width:1.0%"></td><td style="width:52.495%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.827%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.078%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.539%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.050%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.831%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Service contract</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;Micro-transaction and subscription revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">409,950,571</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">639,231,190</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;&#160;- Online Game</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">61,425,023</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">70,566,135</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;&#160;- Mobile Game</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">348,525,548</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">568,665,055</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;Royalties and license fees</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">72,714,536</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71,390,256</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;&#160;- Online Game</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,564,108</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,451,227</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;&#160;- Mobile Game</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">57,150,428</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">60,939,029</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;Others revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,180,013</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,894,489</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500,845,120</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">725,515,935</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Timing of satisfaction of performance obligations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">&#160;At a point in time</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">111,219</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">119,329</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Over time</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500,733,901</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:16.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">725,396,606</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500,845,120</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:30.27pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">725,515,935</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Accounts receivables, incremental costs of obtaining a contract and contract liabilities related to contracts with customers as of December 31, 2024 and December 31, 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.806%"><tr><td style="width:1.0%"></td><td style="width:51.812%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.239%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.802%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.932%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.670%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.775%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2023</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Accounts receivable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,152,458</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71,212,897</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Incremental costs of obtaining a contract (Prepaid expenses)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,385,905</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:16.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,556,590</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Contact liabilities (Deferred revenue)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:16.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">29,332,594</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:12.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,874,620</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Micro-transaction and subscription revenue</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25,290,276</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:7.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,158,516</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Royalties and license fees</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,037,318</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:7.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,426,104</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others revenue</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,000</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:7.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">290,000</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) The amount of revenue recognized from previous period&#8217;s contract liabilities satisfied during the year ended December 31, 2024 and 2023 are Won 17,158,516 thousand and Won 16,787,724 thousand in Micro-transaction revenue&#59; Won 641,255 thousand and Won 70,596 thousand in Royalties and license fees and Won 290,000 thousand and Won 1,684,717 thousand in Website and application development, respectively.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">14. Revenue from Contracts with Customers, Continued</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Transaction price allocated to unsatisfied performance obligations as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.638%"><tr><td style="width:1.0%"></td><td style="width:49.923%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.507%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.548%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.576%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Micro transaction and subscription revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25,290,276</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17,158,516</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;- Online Game</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,822,217</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,216,116</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;- Mobile Game</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,468,059</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,942,400</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Royalties and license fees</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,037,318</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,426,104</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;- Online Game</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">448,348</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">163,836</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;- Mobile Game</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,588,970</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,262,268</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Others revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,000</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">290,000</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">29,332,594</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,874,620</font></td></tr></table></div><div style="margin-top:2pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:15pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The Group&#8217;s management expects to recognize 91.2% (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">26,760,732 thousand) of the transaction price allocated to contracts that have not been performed as of December 31, 2024 as revenue within 12 months. The remaining 8.8% (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">2,571,862 thousand) is expected to be recognized as revenue thereafter. The amounts disclosed above do not include variable consideration which is constrained.</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(5) Details of incremental costs of obtaining a contract recognized as assets as of December 31, 2024 and 2023 are as follows&#58; </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.576%"><tr><td style="width:1.0%"></td><td style="width:50.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.080%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.970%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.972%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Incremental costs of obtaining a contract recognized as at the reporting period-end</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,385,905</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,556,590</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.32pt;padding-right:-1.23pt;text-indent:-9.55pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Incremental costs of obtaining a contract recognized as cost of revenues</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:16.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,556,590</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,722,257</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">40</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">15. Classification of expenses by nature</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Details of classification of expenses by nature for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.414%"><tr><td style="width:1.0%"></td><td style="width:52.501%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.805%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.422%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.995%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.325%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.807%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Fees and commissions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">293,302,275</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">472,324,331</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Bad debt expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">588,818</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,401,847</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Advertising expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38,731,094</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,661,333</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Salaries</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50,091,764</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44,338,978</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Outsourcing expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,214,740</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,052,904</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Rent</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,379,987</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,291,900</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Employee benefits</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,538,213</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,256,315</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Post-employment benefits</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,021,659</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,504,956</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Depreciation</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,022,847</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,252,184</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Amortization</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,210,968</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,405,662</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Others</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,554,065</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,020,319</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">414,656,430</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">564,510,729</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16pt;text-indent:5pt"><font><br></font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Total expenses consist of cost of sales, selling, general and administrative expenses.</font></div><div style="padding-left:36pt;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">16. Selling, General and Administrative Expenses</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Details of the selling, general and administrative expenses for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:36pt;text-indent:-15pt"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.445%"><tr><td style="width:1.0%"></td><td style="width:53.045%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.815%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.468%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.189%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.168%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.515%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Fees and commissions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,613,156</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,662,242</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Bad debt expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">588,818</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,401,847</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Advertising expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">38,731,094</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,661,333</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Salaries</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,990,995</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,687,935</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Outsourcing expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,952,620</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,085,094</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Rent</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">773,168</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">712,342</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Employee benefits</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,384,507</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,256,402</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Post-employment benefits</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,180,912</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">991,422</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Depreciation</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,239,592</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,368,562</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Amortization</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,746,966</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,340,442</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Research and development</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,262,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,486,401</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Others</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,289,536</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,898,374</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">107,753,364</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">79,552,396</font></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">41</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">17. Finance Income and Costs</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Details of finance income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.178%"><tr><td style="width:1.0%"></td><td style="width:48.350%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.898%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.845%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.779%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.364%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.863%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.901%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Finance income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,058,776</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,492,379</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized foreign currency gain</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,579,314</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,416,446</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Gain on foreign currency transactions</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,250,899</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,357,703</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30,888,989</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,266,528</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Details of finance costs for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.339%"><tr><td style="width:1.0%"></td><td style="width:48.260%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.896%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.836%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.106%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.359%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.644%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.899%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Finance costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">135,377</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">161,809</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized foreign currency loss</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,025,902</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,594,709</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loss on foreign currency transactions</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,764,391</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,178,209</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,925,670</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,934,727</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">18. Other Non-Operating Income and Expenses</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) Details of other non-operating income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.470%"><tr><td style="width:1.0%"></td><td style="width:47.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.773%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.560%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.327%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.705%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Gain on disposal of property and equipment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,085</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20,302</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Miscellaneous gain</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">780,813</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">893,057</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">788,898</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">913,359</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Details of other non-operating expenses for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.470%"><tr><td style="width:1.0%"></td><td style="width:47.636%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.883%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.773%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.560%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.327%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.936%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.885%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Loss on disposal of property and equipment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,112</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Loss on disposal of intangible assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,182</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Impairment loss on intangible assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">614,741</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,531,081</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impairment loss on other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">962,025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Miscellaneous loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10,995</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,451</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,593,873</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:2pt double #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,551,757</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">42</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">19. Income tax expense </font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Details of income tax expense for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.793%"><tr><td style="width:1.0%"></td><td style="width:49.979%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.699%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.043%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.702%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Current tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.37pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current year</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,198,761</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">37,458,597</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Deferred tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 9.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Changes in net deferred tax assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(753,935)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(742,049)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income tax expense </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,444,826</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,716,548</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) The differences between the tax expense on the Group&#8217;s profit before tax and the amount that would arise using the statutory tax rates applicable to profits of the entities are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.191%"><tr><td style="width:1.0%"></td><td style="width:61.728%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.786%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.176%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.209%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.102%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.209%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.790%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Profit before income tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">106,347,034</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">168,698,609</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Income tax using the statutory tax rate of each country</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">19,749,419</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">31,300,275</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Adjustments&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Expenses not deductible for tax purposes</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">481,370</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,693</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Non taxable income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(349,774)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(130,680)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign tax payment</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,321,917</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,615,012</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Utilization of previously unrecognized tax losses</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(298,451)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(713,801)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax credit</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,413,463)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,174,258)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Corporate tax on unappropriated earnings</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">94,943</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(133,923)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.32pt;padding-right:-1.23pt;text-indent:-5.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Changes in deferred tax liabilities related to investment in subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,058,223)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(421,511)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,082,912)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(633,259)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total Adjustment</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,695,407</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5,416,273</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Income tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,444,826</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,716,548</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Effective tax rate</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">20%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22%</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">19. Income tax expense, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Details of the changes in deferred tax assets (liabilities) for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.822%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.586%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.271%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.664%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.116%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.502%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.735%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.664%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.347%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.209%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:174%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:26pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Beginning </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">balance</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Increase</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">(Decrease)</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Ending</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Beginning </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">balance</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Increase</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">(Decrease)</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Ending</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">balance</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Property and equipment</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:6.77pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">51,166</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">126,158 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">177,324 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">38,494</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">12,672</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">51,166 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">665,063</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(582,489)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">82,574 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">441,669</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">223,394</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">665,063 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">24,999</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(10,903)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">14,096 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">201,984</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(176,985)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">24,999 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Accounts Payable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,518,055</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">251,730 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,769,785 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,700,733</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(182,678)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,518,055 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Accrued expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">282,091</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">29,494 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">311,585 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">232,938</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">49,153</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">282,091 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Deferred revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">355,434</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(272,861)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">82,573 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">93,580</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">261,854</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">355,434</font></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Allowance for doubtful account</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,178,980</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:30.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(1,121,944)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">57,036</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">299,028</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">879,952</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:30.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,178,980</font></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:8.37pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Other non-current liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">81,970</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(4,157)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">77,813</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">80,768</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,202</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">81,970</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Lease</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(38,046)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">21,973 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(16,073)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(29,886)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(8,160)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(38,046)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:8.37pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Investment in subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(2,368,565)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,170,180 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(1,198,385)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(2,791,379)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">422,814</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(2,368,565)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:8.37pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">881,670</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(1,142,955)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(261,285)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(277,902)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,159,572</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">881,670</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Subtotal</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:2.77pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,632,817</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(1,535,774)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,097,043 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(9,973)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,642,790</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,632,817</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.37pt;padding-right:-1.23pt;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Deferred tax due to carry-forward losses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">701,138</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">447,921 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,149,059 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">758,972</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(57,834)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">701,138 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.37pt;padding-right:-1.23pt;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Deferred tax due to tax credit carry-forward </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">235,916</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,841,789 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,077,705 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,078,824</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(1,842,908)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">235,916</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">Deferred tax assets(*) </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.07pt;padding-right:0.07pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">5,952,133</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(334,645)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">5,617,488 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">5,659,521</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">292,612</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">5,952,133</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Deferred tax liabilities </font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.07pt;padding-right:0.07pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(2,382,262)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,088,581 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(1,293,681)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(2,831,698)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">449,436</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">(2,382,262)</font></div></td></tr></table></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font><br></font></div><div style="padding-left:7.1pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">(*) The future realizability of deferred tax assets is assessed by taking into consideration various factors such as each subsidiaries&#8217; performance, the overall economic environment and industry outlook, expected future earnings, and deductible period of tax credit carry-forward and carry-forward losses. The Group periodically reviews these matters, and has recognized deferred tax assets related to temporary differences, carry-forward losses, based on the likelihood of each subsidiary&#8217;s future taxable income as at December 31, 2024. This amount may change if the estimate for future taxable income changes.</font></div><div style="padding-left:21.3pt;text-align:justify;text-indent:-14.2pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Details of unused tax loss carryforwards and unused tax credit carry-forwards that are not recognized as deferred income tax assets as of December 31, 2024 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.153%"><tr><td style="width:1.0%"></td><td style="width:37.836%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.829%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.359%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.972%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.972%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.831%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Year of expiration</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Unused loss carryforwards</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Unused tax credit carryforwards</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">2025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,421,329</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">147,837</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">2026</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,002,452</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">175,371</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2027</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">352,039</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">162,959</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">2028</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,134,171</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">520,368</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">2029</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">347,955</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">402,380</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">After 2029</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">9,571,043</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">986,497</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Total</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">15,828,989</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,395,412</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:21.3pt;text-align:justify;text-indent:-14.2pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">19. Income tax expense, Continued</font></div><div style="padding-left:38pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(5)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:6.34pt">As of December 31, 2024 and 2023, the Group did not recognize deferred income tax assets relating to investments in subsidiaries for the temporary difference of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">22,504,425 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">23,086,691 thousand as it is not probable such temporary differences can be utilized in the foreseeable future.</font></div><div style="padding-left:14.2pt;text-align:justify"><font><br></font></div><div style="padding-left:38pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(6)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:6.34pt">The gross balances of deferred tax assets and liabilities for the years ended December 31, 2024 and 2023, is as follows&#58; </font></div><div style="padding-left:32.2pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.377%"><tr><td style="width:1.0%"></td><td style="width:61.137%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.969%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.934%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.064%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Deferred tax assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;- Deferred tax assets to be recovered after more than 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,783,985</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,601,321</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">- Deferred tax assets to be recovered within 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,725,147</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,800,980</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sub-total</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,509,132</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,402,301</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Deferred tax liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;- Deferred tax liabilities to be recovered after more than 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,018,806)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(14,851)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9.55pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">- Deferred tax liabilities to be recovered within 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(3,166,519)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(3,817,579)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sub-total</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(4,185,325)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(3,832,430)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Deferred tax assets (liabilities), net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,323,807</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,569,871</font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:20pt;text-align:justify;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">   </font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:20pt;text-align:justify;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(7) The impact of the global minimum tax</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:20pt;text-align:justify;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group is required to pay an additional tax amount on the difference between the GloBE effective tax rate of each subsidiary's jurisdiction and the minimum tax rate of 15%, in accordance with the Pillar 2 legislation. All entities within the Group have an effective tax rate that exceeds 15%, except for Gravity Game Vision Limited that operates in Hong Kong. As a result, the Pillar 2 income tax expense recognized during the year ended December 31, 2024 is Won 457,431 thousand, and exceptions have been applied regarding the recognition and disclosure of related deferred tax assets and liabilities.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:14.2pt;text-align:justify;text-indent:-14.2pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:14.2pt;text-align:justify;text-indent:-14.2pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">20. Earnings per share</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Basic earnings per share is calculated by dividing the profit attributable to owners of the Parent by the weighted average number of common shares outstanding each year.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Basic earnings per share</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.992%"><tr><td style="width:1.0%"></td><td style="width:52.680%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.659%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.539%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.628%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.377%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.456%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.661%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands won and in number of shares)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Profit attributable to owners of the Parent</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">84,919,277</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">132,019,054</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Weighted average outstanding shares of common shares</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,948,900</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,948,900</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Basic earnings per share(in won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12,221</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,999</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36.15pt;text-indent:-20.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Diluted earnings per share</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">As of and for the years ended December 31, 2024 and 2023, the Parent Company does not have outstanding dilutive potential ordinary shares. Accordingly, the diluted earnings per share for the years ended December 31, 2024 and 2023 are the same as the basic earnings per share.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">21. Cash flow information</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Adjustments for calculating cash generated from operations for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.184%"><tr><td style="width:1.0%"></td><td style="width:50.199%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.839%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.579%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.177%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.226%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.137%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Adjustments for&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,022,847</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,252,184</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3,210,968</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,405,662</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Bad debt expense</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">588,818</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,401,847</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized foreign currency loss</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,025,902</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,594,709</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">135,377</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">161,809</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loss on disposal of property and equipment </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,112</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">43</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Loss on disposal of intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">- </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,182</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impairment loss on intangible asset</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">614,741</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,531,081</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Impairment loss on other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">962,025</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Retirement benefit expenses</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">127,554</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,794</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income tax expense</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,444,826</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,716,548</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unrealized foreign currency gain</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,579,314)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,416,446)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Gain on disposal of property and equipment</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(8,085)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(20,302)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17,058,776)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(11,492,379)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,492,995</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,164,732</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">46</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">21. Cash flow information, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Changes in assets and liabilities arising from operating activities for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:44.396%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.080%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.570%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.129%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.225%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 2.16pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 2.16pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accounts receivable</font></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,886,253)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,364,501 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other receivables</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,747,905 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,769,670)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Prepaid expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,492,818)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">397,165 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(123,527)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(602,462)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Other non-current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,318,065)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,485,716)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accounts payable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(2,879,054)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,837,113)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Deferred revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,983,805 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,292,227)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Withholding</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,546,052)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(97,425)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accrued expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">225,700 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">254,830 </font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Accrued income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(93,841)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 3.32pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Long-term deferred revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">467,191 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,246,897 </font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2.5pt double #000000;border-top:1pt solid #000000;padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(3,821,168)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2.5pt double #000000;border-top:1pt solid #000000;padding:2px 3.32pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17,915,061)</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt;text-indent:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3) Significant non-cash transactions for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.998%"><tr><td style="width:1.0%"></td><td style="width:67.741%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.298%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.431%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.300%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Reclassification of prepayment to intangible assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">212,220</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">101,846</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Increase in accounts payable relating to the acquisition of software</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">292,480</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,032,560</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Increase in accounts payable relating to the acquisition of other intangible assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,556,979</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,147,427</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Reclassification of other non-current financial assets to other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,030,000</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Acquisition of right-of-use assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,912,514</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,703,745</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">47</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">21. Cash flow information, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Changes in liabilities arising from financing activities for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.735%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.721%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.201%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.721%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.724%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:5.87pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Beginning of the year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,562,398 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,963,185</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Cash flows used in financial activities &#8211; payment of lease liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,525,288)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(4,083,272)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Cash flows used in operating activities &#8211; Interest paid</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(130,027)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(156,631)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Non-cash transactions&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Acquisitions &#8211; leases</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,912,514 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,357,828</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">130,027 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">156,631</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Others</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(17,059)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">260,300</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Translation difference</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">188,958</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">64,357</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Ending of the year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,121,523 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,562,398</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">22. Leases</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group leases offices, vehicles and others. The leases typically run for a period of 1&#126; 5 years with an option to renew or terminate the lease after that date. There are no restrictions or covenants imposed to leases, but the lease assets are not provided as collateral for borrowings.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Details of right-of-use assets and lease liabilities recognized in the consolidated statements of financial position as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.961%"><tr><td style="width:1.0%"></td><td style="width:24.750%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.820%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.321%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.820%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:31.042%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.825%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:5.87pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Right-of-use assets(*1)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 9.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Offices</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,250,151 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,720,419</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 9.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Vehicles</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;121,449 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">367,030</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 9.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Others</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;792,075 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,533,351</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,163,675 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,620,800</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Lease liabilities(*2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 9.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Current</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.77pt;text-align:right;text-indent:23.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,179,423 </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.77pt;text-align:right;text-indent:23.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,225,209</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 9.77pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Non-current</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.77pt;text-align:right;text-indent:23.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,942,100 </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.77pt;text-align:right;text-indent:23.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,337,189</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.77pt;text-align:right;text-indent:23.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,121,523 </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.77pt;text-align:right;text-indent:23.05pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6,562,398</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="padding-left:33.7pt;text-align:justify;text-indent:-17.7pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:33.7pt;text-align:justify;text-indent:-17.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*1) Right-of-use assets are included in the 'Property and equipment' in the consolidated statement of financial position.</font></div><div style="margin-bottom:12pt;padding-left:36pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*2) Lease liabilities are included in the 'Other current liabilities' and 'Other non-current liabilities' in the consolidated statement of financial position.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">22. Leases, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Changes in right-of-use assets for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.135%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.605%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.417%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.458%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.564%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.223%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.417%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:186%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:186%">)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="30" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2024</font></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Offices</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Vehicles</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Others</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Total</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Balance as of January 1, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,720,419 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">367,030 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,533,351 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,620,800 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(3,209,666)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(245,581)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(1,097,704)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(4,552,951)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Reassessment </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">7,470 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">123,661 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">131,131 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,574,637 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">206,746 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,781,383 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Translation difference</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">157,291</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">26,021 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">183,312 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Balance as of December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,250,151 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">121,449</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">792,075 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">7,163,675 </font></div></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.135%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.605%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.417%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.458%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.564%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.223%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.388%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.417%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.229%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:186%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:186%">)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="30" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Offices</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Vehicles</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Others</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Total</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Balance as of January 1, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">5,066,896</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">64,692</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">826,820</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">5,958,408</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(2,793,560)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(239,457)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(1,083,462)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(4,116,479)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Reassessment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">210,139</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">51,886</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(1,327)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">260,698</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,177,909</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">489,821</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,775,317</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,443,047</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Translation difference</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">59,035</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">88</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">16,003</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">75,126</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Balance as of December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,720,419</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">367,030</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,533,351</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,620,800</font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Details of amounts recognized in the consolidated statements of comprehensive income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.321%"><tr><td style="width:1.0%"></td><td style="width:66.704%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.965%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.932%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.775%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.046%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.778%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:5.87pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Interest expense relating to lease liabilities (included in finance cost)</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">130,027</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">156,631</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Expense relating to short-term leases</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">50,460</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">30,015</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Expense relating to leases of low-value assets excluding short-term leases</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">47,082</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,258</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Details of amounts recognized in the consolidated statement of cash flows for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.023%"><tr><td style="width:1.0%"></td><td style="width:38.309%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.668%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.404%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.934%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.684%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.668%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.288%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.845%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:5.87pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Total cash outflows of leases</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,752,857</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,292,176</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">49</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">23. Financial Risk Management</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group&#8217;s operating activities expose itself to a variety of financial risks&#58; market risk, credit risk and liquidity risk from which the Group&#8217;s risk management program focuses on minimizing any adverse effects on its financial performance. The Group operates financial risk management policies and programs that closely monitor and respond to each risk factor.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Capital Risk Management</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group&#8217;s objectives when managing capital are to safeguard the Group&#8217;s ability to continue as a going concern, so the Group can continue to provide returns and benefits for shareholders and to maintain an optimal capital structure to reduce the cost of capital. The Group monitors capital on the basis of the debt ratio. This ratio is calculated as total debt divided by total capital. The debt ratios as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:73.481%"><tr><td style="width:1.0%"></td><td style="width:25.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.118%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.273%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.328%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.196%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.790%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.122%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Total Liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">118,095,483</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">114,452,759</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Total Equity</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">568,363,459</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">463,727,962</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Debt ratio</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25%</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Market Risk</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Foreign exchange risk</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Group is exposed to foreign exchange risk arising from royalty revenues and commission payment primarily with respect to the US dollar and etc. The Group&#8217;s financial assets and liabilities are exposed to foreign currency risk as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.191%"><tr><td style="width:1.0%"></td><td style="width:16.992%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.267%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.814%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.182%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.847%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.498%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.840%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.466%"></td><td style="width:0.1%"></td></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won, in foreign currencies)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:1.6pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="30" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2024</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets in foreign </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">currency</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Liabilities in foreign currency</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets in </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Korean Won</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Liabilities in Korean Won</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">USD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">70,136,599</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">29,286,354</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">103,021,478</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">43,009,052</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">JPY</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">496,929,791</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">56,100,772</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,653,649</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">525,373</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">EUR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">27,925</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">32,910</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">42,689</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">50,310</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">IDR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">9,851,056</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">522,083,448</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">897</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">47,558</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">THB</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">21,131</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">909</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">VND</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,026,400</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">348</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">HKD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">141,271</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">26,727</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td></tr><tr><td colspan="21" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">107,746,697</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">43,632,293</font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">23. Financial Risk Management, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Market Risk, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Foreign exchange risk, Continued</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.191%"><tr><td style="width:1.0%"></td><td style="width:16.992%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.267%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.814%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.609%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.182%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.847%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.498%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.457%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.840%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.466%"></td><td style="width:0.1%"></td></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won, in foreign currencies)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:1.6pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="30" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2023</font></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets in foreign </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">currency</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Liabilities in foreign currency</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Assets in </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Korean Won</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Liabilities in Korean Won</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">USD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">86,681,440</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">28,203,218</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">111,615,501</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">36,344,262</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">JPY</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">343,984,702</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">160,779,008</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">3,139,411</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,467,366</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">EUR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">36,780</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">30,472</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">52,470</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">43,471</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">IDR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">12,955,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">3,103,944</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,083</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">259</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">THB</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">28,510</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">7,379</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,073</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">278</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">VND</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">9,270,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">3,243,600</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">493</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">173</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">HKD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">144,997</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">23,916</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td></tr><tr><td colspan="21" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">114,833,947</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">37,855,809</font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The Group measures foreign exchange risk at the exchange rate of 10% for each foreign currency, and the rate of change reflects the management's assessment of the risk of exchange rate fluctuation that can be reasonably experienced. The effects of changes in foreign currency exchange rate on profit before income tax for the years ended of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.962%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.859%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.508%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.312%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.054%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.707%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.663%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:186%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:186%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2023</font></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Increased by 10%</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Decreased by 10%</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Increased by 10%</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Decreased by 10%</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">USD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,001,243 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(6,001,243)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">7,527,124</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(7,527,124)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">JPY</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">412,828 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(412,828)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">167,205</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(167,205)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(2,630)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,630 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">3,485</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(3,485)</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">6,411,441 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(6,411,441)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">7,697,814</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(7,697,814)</font></div></td></tr></table></div><div style="padding-left:16pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The sensitivity analysis is based on monetary assets and liabilities denominated in foreign currencies other than the functional currency at the end of the reporting period.</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(b) Interest rate risk</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">There are no borrowings under variable interest rate conditions as of December 31, 2024 and 2023.</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(c) Price risk</font></div><div style="padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">There are no assets and liabilities exposed to price risk as of December 31, 2024 and 2023.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">51</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">23. Financial Risk Management, Continued</font></div><div style="margin-bottom:3pt;margin-top:12pt;text-indent:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Credit Risk</font></div><div style="margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Credit risk arises from normal trading and investing activities and occurs when a customer or a counterparty fails to comply with the terms of the contract. In order to manage these credit risks, the Group regularly evaluates the creditworthiness of customers based on their financial condition, past experiences and other factors.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The carrying amounts of financial assets represent their maximum exposure to credit risk. The maximum exposure to credit risk of the Group as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:85.109%"><tr><td style="width:1.0%"></td><td style="width:39.886%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.697%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.833%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.188%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.936%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.619%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.941%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Cash and cash equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">228,898,026 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">184,081,815</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Short-term financial instruments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">324,304,040 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">277,215,000</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Accounts receivable, net</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,152,458 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">71,212,897</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Other receivables, net</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,557 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,499</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Other current financial assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,601,519 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,438,717</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Oher non-current financial assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,766,588 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,824,076</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">642,738,188 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">538,780,004</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Cash and cash equivalents and short-term financial instruments are deposited in financial institutions with strong credit ratings. Accounts receivable is mainly due from payment processing companies and platform service providers, which the Group believes have low levels of credit risk.</font></div><div style="padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Liquidity Risk</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Liquidity risk management includes the maintenance of sufficient cash and marketable securities, the availability of funds from appropriately committed credit lines, and the ability to settle market positions. The cash flows included in the maturity classification, based on the remaining period to the contractual maturity date, are undiscounted expected cash outflows. The amount due within 12 months is the same as the carrying amount since the effect of the discount is not material. The following table summarizes the financial liabilities of the Group by maturity according to the remaining period from the end of the reporting period to the contractual maturity date.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:20.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.117%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.921%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.476%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.242%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.476%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.921%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.278%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.921%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.087%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="48" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:145%">December 31, 2024</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:145%">Carrying<br>value</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Less than</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">3 months</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3 months to 1 year</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">1 to 2 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">2 to 4 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Accounts payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">63,548,026</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">63,152,918</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">175,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">220,108</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">63,548,026</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Accrued expense</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">312,563</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">312,563</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">312,563</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Other liabilities (*)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:85.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">7,121,523</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,045,979</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,303,030</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,849,686</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,249,389</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">7,448,084</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">70,982,112</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">64,511,460</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,478,030</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,069,794</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,249,389</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">71,308,673</font></div></td></tr></table></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font><br></font></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) Other liabilities as of December 31, 2024 consist of lease liabilities.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">52</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">23. Financial Risk Management, Continued</font></div><div style="padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Liquidity Risk, Continued</font></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:20.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.944%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.117%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.921%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.476%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.242%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.476%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.921%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.278%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.761%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.637%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.921%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.087%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="48" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:145%">December 31, 2023</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:145%">Carrying<br>value</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">Less than</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">3 months</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">3 months to 1 year</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">1 to 2 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">2 to 4 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:174%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Accounts payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">58,292,099</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">57,429,579</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">185,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">677,520</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">58,292,099</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Accrued expense</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">395,264</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">395,264</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">395,264</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:145%">Other liabilities (*)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:85.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">6,562,398</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,081,291</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">3,258,890</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">1,902,024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">475,402</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">6,717,607</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">65,249,761</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">58,906,134</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">3,443,890</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">2,579,544</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">475,402</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.13pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.13pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:174%">65,404,970</font></div></td></tr></table></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font><br></font></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) Other liabilities as of December 31, 2023 consist of lease liabilities.</font></div><div style="margin-top:12pt;padding-left:16pt"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">24. Segment information</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Operating segments</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The Group determines its operating segments by establishing strategic decisions. Chief operating decision maker (&#8220;CODM&#8221;) reviews operating profit by each segment in order to make decisions regarding the resources to be allocated to the segment and to evaluate the performance of the segment.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The reportable segments of the Group are in line with the organizational structure and the review of operations by the CEO, who is the Chief operating decision maker, and they include mobile, online, and others.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The Group assesses the performance of its operating segments based on its operating profit or loss, which does not differ from operating profit reported on the consolidated statement of comprehensive income except for inter-segment transactions. The segment information for the years ended December 31, 2024 and 2023 are as follows.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.743%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.076%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.253%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.165%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.165%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.370%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.862%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.343%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.708%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.723%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="48" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Online</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Mobile</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Others</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Total</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Inter-segment</font></div><div style="padding-right:-0.78pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">eliminations(*) </font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Total</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Revenue</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">90,831,926</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">465,026,162</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.92pt;padding-right:-2.63pt;text-align:right;text-indent:-14.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">23,962,894</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.02pt;padding-right:4.27pt;text-align:right;text-indent:-16.45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">579,820,982</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Intersegment Revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,842,795</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.02pt;padding-right:-2.63pt;text-align:right;text-indent:-14.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">59,350,186</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:-14.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">5,782,881</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.27pt;text-align:right;text-indent:-16.45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">78,975,862</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(78,975,862)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.97pt;padding-right:-2.63pt;text-align:justify;text-indent:49.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">External Revenue</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">76,989,131</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.87pt;padding-right:-2.63pt;text-align:right;text-indent:-7.9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">405,675,976</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:-14.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">18,180,013</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.27pt;text-align:right;text-indent:-16.45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">500,845,120</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:31.37pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right;text-indent:6.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">500,845,120 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Depreciation&#47;</font></div><div style="padding-right:-2.63pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">amortization</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,725,385</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,699,388</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:-14.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,809,042</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.27pt;text-align:right;text-indent:-16.45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">9,233,815</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,233,815</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Operating profit</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:85.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,413,873</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.92pt;padding-right:-2.63pt;text-align:right;text-indent:-14.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">52,466,708</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:-14.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(633,436)</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.27pt;text-align:right;text-indent:-16.45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">86,247,145</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(58,455)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">86,188,690</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) The Group reflects inter-segment eliminations as adjustments.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">24. Segment information, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Operating segments, Continued</font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other profit or loss items that do not constitute operating profit (loss) are not separately disclosed as they are not reviewed by the chief operating decision maker by operating segment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">.</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.742%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.055%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.133%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.727%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.727%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.852%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.629%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.087%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.485%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="42" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2023</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Online</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Mobile</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Others</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Total</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Inter-segment</font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">eliminations(*) </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:155%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Revenue</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">96,487,574</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">697,735,654</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,148,756</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">815,371,984</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Intersegment Revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,470,212</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">68,131,570</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,254,267</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">89,856,049</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">(89,856,049)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">External Revenue</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">81,017,362</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">629,604,084</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,894,489</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">725,515,935</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">725,515,935</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Depreciation&#47;</font></div><div style="padding-right:-2.63pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">amortization</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:185.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,436,068</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,157,722</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,064,056</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,657,846</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:49.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">7,657,846</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Operating profit</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:85.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">42,727,438</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">120,233,338</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,941,734)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">161,019,042</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(13,836)</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">161,005,206</font></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) The Group reflects inter-segment eliminations as adjustments.</font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other profit or loss items that do not constitute operating profit (loss) are not separately disclosed as they are not reviewed by the chief operating decision maker by operating segment</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:12pt;padding-left:36.3pt;text-align:justify;text-indent:-20.4pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Revenue from external customers by country for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:84.463%"><tr><td style="width:1.0%"></td><td style="width:31.213%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.094%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.815%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.341%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.286%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.951%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2024</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Korea</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">53,142,360 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">86,058,286</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Taiwan</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">114,409,543 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">176,070,633</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Japan</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,856,828 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,999,243</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">United States of America</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">34,652,880 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,701,897</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Thailand</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">61,781,458 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">136,874,077</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Philippines</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58,926,548 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">102,594,825</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Indonesia</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">32,373,482 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58,762,576</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Hong Kong</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">17,255,442 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,655,848</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Malaysia</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26,360,680 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">58,552,957</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Brazil</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">26,433,674 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,264,204 </font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Other</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">56,652,225 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">36,981,389 </font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">500,845,120 </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">725,515,935</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16.5pt;text-align:justify;text-indent:-14.2pt"><font><br></font></div><div style="padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(*) Revenue was attributed to the country based on the customer&#8217;s location.</font></div><div style="padding-left:15.8pt;text-align:justify;text-indent:-14.2pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">54</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">24. Segment information, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Non-current assets by geographical regions as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:14.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:78.972%"><tr><td style="width:1.0%"></td><td style="width:24.462%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.253%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.057%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.779%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.580%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.938%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.031%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2024</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:120%">(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Korea</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">18,990,332 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">15,487,818</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Overseas</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6,474,745 </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">8,017,686</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Total</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">25,465,077 </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">23,505,504</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(*) The amounts are exclusive of financial assets and deferred tax assets.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) There was no customer who represents more than 10% revenue in mobile segment for the year ended December 31, 2023 and December 31, 2024</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">25. Related Party Transactions</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(1) Related parties of the Group include entities and individuals capable of exercising control or significant influence over the Group. Related parties include Gung Ho Online Entertainment, Inc. (the controlling shareholder with 59.31% common shares), its subsidiaries, management and their immediate families.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(2) Account balances with related party</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Balances of receivables and payables with related party as of December 31, 2024 and 2023 are as follows&#58; </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.998%"><tr><td style="width:1.0%"></td><td style="width:10.156%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.227%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.978%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.581%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.452%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.778%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.461%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.452%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.908%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.452%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.105%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:186%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:186%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">December 31, 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Payables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">Payables</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Parent Company</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">3,333,489</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,755</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,971,637</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">2,685</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Other</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Gungho Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">573</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">97,210</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,380</font></div></td></tr><tr><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Total</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">3,334,062</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">99,965</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">1,971,637</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">4,065</font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">55</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">25. Related Party Transactions, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(3) Transactions with related parties</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The details of transactions with related party for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:14.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:14.383%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.545%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.287%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.770%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.929%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.606%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.706%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.450%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="24" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Revenues</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,550,535</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">682,115</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">559</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="15" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,551,094</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">682,115</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="padding-left:14.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.483%"><tr><td style="width:1.0%"></td><td style="width:14.484%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.776%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.309%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.936%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.611%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.776%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.887%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.454%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="27" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Purchases</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,946</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,326</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,332</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="15" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,326</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="9" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">108,278</font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt"><font><br></font></div><div style="padding-left:14.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:14.383%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.545%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.287%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.770%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.929%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.606%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.706%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.251%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.803%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.450%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="24" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Revenues</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,681,836</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">735,281</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="15" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,681,836</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">735,281</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr></table></div><div style="margin-top:12pt;padding-left:16pt"><font><br></font></div><div style="padding-left:14.2pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.483%"><tr><td style="width:1.0%"></td><td style="width:14.484%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.776%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.309%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.861%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.936%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.611%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.776%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.261%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.887%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.454%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="27" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Purchases</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,379</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">54,884</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="15" style="padding:0 1pt"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.67pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">54,884</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="9" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,379</font></div></td></tr></table></div><div style="margin-top:12pt;padding-left:16pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">56</font></div></div></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD. and Subsidiaries</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Consolidated Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:20pt;text-align:justify;text-indent:-20pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">25. Related Party Transactions, Continued</font></div><div style="margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(4) Other transactions with related parties</font></div><div style="margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">No financing transactions were made with related parties for the years ended December 31, 2024 and 2023. </font></div><div style="margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(5) Key management personnel compensation</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The compensation given to key management personnel (registered directors) for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:57.816%"><tr><td style="width:1.0%"></td><td style="width:30.743%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.755%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.721%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.156%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.313%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.832%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.480%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Salaries</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:12.27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2,264,113</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">1,734,463</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:2.7pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">26. Subsequent Event</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Gravity Game Unite SDN. BHD, a 100%-owned subsidiary was established in Malaysia on March 12, 2025.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">57</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>gravity_2024yeauditreports.htm
<DESCRIPTION>EX-99.2
<TEXT>
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<title>Document</title></head><body><div id="if495f906157f4128bea10a6e8f101832_1"></div><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:57.6pt;text-indent:-57.6pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:24pt;font-weight:700;line-height:120%">GRAVITY CO., LTD.</font></div><div style="padding-right:-21.4pt"><font><br></font></div><div style="padding-right:-21.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:133%">Separate Financial Statements</font></div><div style="padding-right:-21.4pt"><font><br></font></div><div style="padding-right:-21.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:133%">For the Years Ended</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:133%">December 31, 2024 and 2023&#160;&#160;&#160;&#160;</font></div><div style="padding-right:-21.4pt"><font><br></font></div><div style="padding-left:28.8pt;text-indent:-28.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(With Independent Auditor&#8217;s Report Thereon)</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="if495f906157f4128bea10a6e8f101832_4"></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000080;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:115%">Contents</font></div><div style="margin-bottom:12pt;text-align:right"><font><br></font></div><div style="margin-bottom:12pt;text-align:right"><font><br></font></div><div style="margin-bottom:12pt;text-align:right"><font style="color:#000080;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:12.00pt">Page</font></div><div style="margin-bottom:12pt"><font style="color:#000080;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Independent Auditor&#8217;s Report</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;1</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Separate Statements of Financial Position&#160;&#160;&#160;&#160;3</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Separate Statements of Comprehensive Income&#160;&#160;&#160;&#160;5</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Separate Statements of Changes in Equity&#160;&#160;&#160;&#160;6</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Separate Statements of Cash Flows&#160;&#160;&#160;&#160;7</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements&#160;&#160;&#160;&#160;8</font></div><div style="margin-bottom:12pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:400;line-height:115%">Independent Auditor&#8217;s Report</font></div><div style="margin-bottom:6.5pt;margin-top:6.5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">English Translation of a Report Originally Issued in Korean</font></div><div style="margin-bottom:6.5pt;margin-top:6.5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">To the Board of Directors and Shareholders of Gravity Co., Ltd.&#58;</font></div><div><font><br></font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Opinion</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have audited the separate financial statements of Gravity Co., Ltd (&#8220;the Company&#8221;), which comprise the separate statements of financial position as at December 31, 2024 and</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2023, and the separate statement of comprehensive income, separate statements of changes in equity and separate statements of cash flows for the years then ended, and notes to the separate financial statements, including material accounting policy information.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In our opinion, the accompanying separate financial statements present fairly, in all material respects, the separate financial position of the Company as at December 31, 2024 and 2023, and its separate financial performance and its separate cash flows for the years then ended in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (Korean IFRS).</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Basis for Opinion</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We conducted our audits in accordance with Korean Standards on Auditing. Our responsibilities under those standards are further described in the </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Auditor&#8217;s Responsibilities for the Audit of the Separate Financial Statements</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> section of our report. We are independent of the Company in accordance with the ethical requirements of the Republic of Korea that are relevant to our audit of the separate financial statements and we have fulfilled our other ethical responsibilities in accordance with the ethical requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Other Matter</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Auditing standards and their application in practice vary among countries. The procedures and practices used in the Republic of Korea to audit such separate financial statements may differ from those generally accepted and applied in other countries. </font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Responsibilities of Management and Those Charged with Governance for the Separate Financial Statements</font></div><div style="margin-bottom:6.5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management is responsible for the preparation and fair presentation of the separate financial statements in accordance with Korean IFRS, and for such internal control as management determines is necessary to enable the preparation of separate financial statements that are free from material misstatement, whether due to fraud or error.</font><font style="color:#3366ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </font></div><div style="margin-bottom:6.5pt;margin-top:6.5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In preparing the separate financial statements, management is responsible for assessing the Company&#8217;s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations.</font></div><div style="margin-top:6pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Those charged with governance are responsible for overseeing the Company&#8217;s financial reporting process.</font></div><div style="margin-top:18pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Auditor&#8217;s Responsibilities for the Audit of the Separate Financial Statements</font></div><div style="margin-bottom:6.5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our objectives are to obtain reasonable assurance about whether the separate financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor&#8217;s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Korean Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these separate financial statements.</font></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1</font></div></div></div><div id="if495f906157f4128bea10a6e8f101832_7"></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:6.5pt;margin-top:6.5pt;padding-right:1.45pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As part of an audit in accordance with Korean Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also&#58;</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Identify and assess the risks of material misstatement of the separate financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company&#8217;s internal control.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Conclude on the appropriateness of management&#8217;s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company&#8217;s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor&#8217;s report to the related disclosures in the separate financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor&#8217;s report. However, future events or conditions may cause the Company to cease to continue as a going concern.</font></div><div style="padding-left:9.6pt;text-align:justify;text-indent:-7.1pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#8729;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:4.33pt">Evaluate the overall presentation, structure and content of the separate financial statements, including the disclosures, and whether the separate financial statements represent the underlying transactions and events in a manner that achieves fair presentation.</font></div><div style="margin-top:6.5pt;padding-right:1.45pt;text-align:justify"><font><br></font></div><div style="padding-right:1.4pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</font></div><div style="padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="margin-bottom:6.5pt;padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Samil PricewaterhouseCoopers</font></div><div style="margin-top:6.5pt;padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="padding-right:1.4pt;text-align:justify"><font><br></font></div><div style="padding-right:1.4pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Seoul, Korea</font></div><div style="padding-right:1.4pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">March 21, 2025</font></div><div style="margin-bottom:6.5pt;padding-right:1.4pt;text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000000;border-left:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-left:2.77pt;padding-right:2.77pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This report is effective as of March 21, 2025, the audit report date. Certain subsequent events or circumstances, which may occur between the audit report date and the time of reading this report, could have a material impact on the accompanying separate financial statements and notes thereto. Accordingly, the readers of the audit report should understand that there is a possibility that the above audit report may have to be revised to reflect the impact of such subsequent events or circumstances, if any.</font></div></td></tr></table></div><div style="height:42.48pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font></div></div></div><div id="if495f906157f4128bea10a6e8f101832_10"></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Separate Statements of Financial Position</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023&#160;&#160;&#160;&#160;</font></div></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"></td><td style="width:2.507%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.320%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.715%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.091%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.188%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.199%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.078%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.436%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.925%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.600%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:14.00pt">(In thousands of won)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-5.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-5.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:14.00pt">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-4.33pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-4.33pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:14.00pt">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-4.33pt;text-align:center"><font><br></font></div></td></tr><tr style="height:14pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Assets</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Current assets</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5,6,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">64,263,198</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,157,091</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Short-term financial instruments</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">278,000,000</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">249,000,000</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accounts receivable, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,7,15,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,651,270</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31,529,998</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other receivables, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,7,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,409,219</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,760,646</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Prepaid expenses</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,226,672</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,148,345</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current financial assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,897,585</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,476,977</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current assets</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">380,417</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">240,066</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">388,828,361</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">320,313,123</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-current assets</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Investments in subsidiaries</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">49,376,747</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">35,451,234</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Property and equipment, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9,22</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,344,496</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,179,602</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Intangible assets, net</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,765,893</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:17.37pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,989,596</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Deferred tax assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,504,236</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,068,410</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other non-current financial assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,999,836</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,164,926</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other non-current assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,277,319</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,279,592</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">73,268,527</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">56,133,360</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total assets</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-2.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">462,096,888</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">376,446,483</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the separate financial statements.</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:48.96pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Separate Statements of Financial Position, Continued</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of  December 31, 2024 and 2023</font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:0.1%"></td><td style="width:2.498%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.709%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.058%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.185%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.011%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.915%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.534%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.442%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">(In thousands of won)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2023</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.3pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accounts payable</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-5.18pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-2.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">22,597,276</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">24,162,504</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Deferred revenue </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-5.18pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,027,907</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,627,119</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Withholdings</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">829,430</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,230,318</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Accrued expenses </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,277,685</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,101,738</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Income tax payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-5.18pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,435,351</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">8,270,305</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other current liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-5.18pt;text-align:center;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,22,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,869,454</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,315,409</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,037,103</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">41,707,393</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-2.63pt;text-align:justify;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Non-current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-term accounts payable</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-5.38pt;text-align:center;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6,23</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">220,108</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">677,520</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Long-term deferred revenue</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,571,862</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:37.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,790,097</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other non-current liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,20,22,23</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4,614,080</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,510,093</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:0 1pt"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-2.63pt;text-align:justify;text-indent:-0.3pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">7,406,050</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,977,710</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:5pt;margin-top:5pt;padding-right:-2.63pt;text-align:justify;text-indent:-0.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total liabilities</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">43,443,153</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45,685,103</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.43pt;text-align:center;text-indent:-4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Equity</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Share capital</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,14</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Capital surplus</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,482,683</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,482,683</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Retained earnings</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">387,696,602</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">299,804,247</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total equity</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">418,653,735</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">330,761,380</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Total liabilities and equity</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">462,096,888</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">376,446,483</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="9" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify;text-indent:-0.4pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the separate financial statements.</font></div><div style="height:48.96pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">4</font></div></div></div><div id="if495f906157f4128bea10a6e8f101832_13"></div><hr style="page-break-after:always"><div style="min-height:120.96pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Separate Statements of Comprehensive Income</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.322%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.016%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.411%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.875%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.425%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.329%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.705%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.817%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">2023</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Revenue</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15,24</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;Online games </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">36,477,961</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">32,778,385</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;Mobile games </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">142,121,659</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">209,449,600</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;&#160;Other revenue</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">703,205</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">547,513</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">179,302,825</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">242,775,498</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Cost of revenue</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">79,520,828</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121,571,928</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross profit</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">99,781,997</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121,203,570</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Selling, general and administrative expenses</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,17</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">55,591,566</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">50,448,535</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Operating profit</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,190,431</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,755,035</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Non-operating income and expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance income</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,18</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20,047,120</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16,603,926</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Finance costs</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,18</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(5,048,084)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(7,260,236)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other non-operating income</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44,145,625</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">13,476,681</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:justify;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Other non-operating expenses</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">19</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(989,581)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,512,666)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Profit before income tax</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">102,345,511</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,062,740</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Income tax expense </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">20</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">14,453,156</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">21,893,177</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Profit for the year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,892,355</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,169,563</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other comprehensive income </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Items that may be subsequently reclassified to profit or loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Foreign currency translation adjustments</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-indent:10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total comprehensive income for the year</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,892,355</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:line-through">W</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,169,563</font></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the separate financial statements.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</font></div></div></div><div id="if495f906157f4128bea10a6e8f101832_16"></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Separate Statements of Changes in Equity </font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023 </font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:28.742%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.287%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.313%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.475%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.057%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.721%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.046%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.951%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.855%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Notes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Share</font></div><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">capital</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Capital</font></div><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">surplus</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Other components of equity</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Retained earnings</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at January 1, 2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.92pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,482,683</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">229,634,684</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">260,591,817</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total comprehensive income for the period&#58;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.92pt;padding-right:-2.08pt;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Profit for the year</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,169,563</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">70,169,563</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.92pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,482,683</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">299,804,247</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">330,761,380</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at January 1, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.92pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,482,683</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">299,804,247</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">330,761,380</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total comprehensive income for the period&#58;</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:13.92pt;padding-right:-2.08pt;text-indent:-7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Profit for the year</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,892,355</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">87,892,355</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance at December 31, 2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.92pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,474,450</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">27,482,683</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">387,696,602</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">418,653,735</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the separate financial statements.</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</font></div></div></div><div id="if495f906157f4128bea10a6e8f101832_19"></div><hr style="page-break-after:always"><div style="min-height:110.16pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Separate Statements of Cash Flow </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023 </font></div></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.976%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.592%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.415%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.415%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.361%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.415%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.107%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.519%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:11.00pt">(In thousands of won)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Notes</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">2023</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash flows from operating activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Profit for the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">87,892,355</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">70,169,563</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Adjustments</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">21</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(35,637,197)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right;text-indent:10pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right;text-indent:10pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">5,891,373</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Changes in operating assets and liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">21</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(6,648,561)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">6,014,580</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Interest received</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">10,086,534</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">8,427,882</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Dividend received</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">43,120,174</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">12,072,740</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Interest paid</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(77,204)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(91,294)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Income tax paid</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(18,468,574)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(16,797,739)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net cash provided by operating activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">80,267,527</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">85,687,105</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-left:22.72pt;padding-right:-2.08pt;text-indent:-6.8pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash flows from investing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">&#160;&#160;Decrease in other current financial assets </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">6,667</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">&#160;&#160;Disposal of property and equipment</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">9</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">802</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">20,295</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">&#160;&#160;Purchase of subsidiaries</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">8</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(13,925,514)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(8,718,900)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:9.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Increase in short-term financial instruments</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(29,000,000)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(81,999,800)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">&#160;&#160;Increase in other non-current financial assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(545,000)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-indent:9.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Acquisition of property and equipment</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">9</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(207,306)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(704,398)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">&#160;&#160;Acquisition of intangible assets</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">10</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(3,349,455)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(2,645,435)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net cash used in investing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(46,474,806)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(94,593,238)</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash flows from financing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">Repayment of lease liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">22</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(2,069,495)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(2,060,721)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net cash used in financing activities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(2,069,495)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(2,060,721)</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Effects of exchange rate changes on cash and cash equivalents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">382,881</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">138,320</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Net increase (decrease) in cash and cash equivalents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">32,106,107</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">(10,828,534)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash and cash equivalents at beginning of the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">32,157,091</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">42,985,625</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:7.92pt;padding-right:-2.08pt;text-indent:-10pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:11.00pt">Cash and cash equivalents at end of the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">64,263,198</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.08pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.08pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:11.00pt">32,157,091</font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:2.45pt;padding-right:2.45pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">See accompanying notes to the separate financial statements.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</font></div></div></div><div id="if495f906157f4128bea10a6e8f101832_22"></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">1.  General Information</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">GRAVITY CO., LTD. (the &#8220;Company&#8221;) was incorporated on April 4, 2000, to engage in developing and publishing online and mobile games, and other related business. The Company&#8217;s headquarter is located at 15F, 396 World Cup buk-ro, Mapo-gu, Seoul, Korea. The Company&#8217;s principal game product, &#8220;Ragnarok&#8221;, a massive multi-player online role-playing game, was commercially launched in August 2002, and is currently operated internationally in 91 markets. The Company also operates many other games.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">On February 8, 2005, the 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 (&#8220;ADSs&#8221;) under the symbol &#8220;GRVY&#8221;.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">As of December 31, 2024, the total paid-in capital amounts to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">3,474,450 thousand. The Company&#8217;s major shareholders and their respective percentage of ownership as of December 31, 2024 are as follows&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%"> </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:83.333%"><tr><td style="width:1.0%"></td><td style="width:39.016%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.907%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.287%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.000%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.290%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.17pt;padding-right:5.17pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:justify;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Number of shares</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Ownership (%)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:13.72pt;padding-right:2.42pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,121,737</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:4.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">59.31</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:13.72pt;padding-right:2.42pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,827,163</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:4.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">40.69</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:13.72pt;padding-right:2.42pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,948,900</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:4.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">2.  Basis of Presentation</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">These separate financial statements have been prepared in accordance with Korean International Financial Reporting Standards (&#8220;K-IFRS&#8221;), as prescribed in the </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:133%">Act on External Audits of Stock Companies, Etc. in the Republic of Korea. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The accompanying separate financial statements have been restructured and translated into English from the Korean language financial statements.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Certain information attached to the Korean language financial statements, but not required for a fair presentation of the Company&#8217;s financial position, financial performance or cash flows, is not presented in the accompanying separate financial statements.</font></div><div style="padding-left:16pt;text-align:justify;text-indent:10pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">These separate financial statements were authorized for issuance by the Board of Directors on March 7, 2025, and are expected to be submitted for approval at the shareholders&#8217; meeting to be held on March 31, 2025.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(1) Basis of measurement</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The separate financial statements have been prepared on the historical cost basis.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) Use of judgments and estimates</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The preparation of the separate financial statements in conformity with K-IFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The estimates and assumptions that have significant risk of affecting the carrying amounts of assets and liabilities for the reporting period are are as follows&#58;</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">2.  Basis of Presentation</font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">,</font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%"> Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) Use of judgments and estimates, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Deferred revenue &#160;&#160;&#160;&#160;</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company sells virtual currency and in-game items that can be used in mobile games to game users. For each game in each country, the Company estimates and applies the game user's life cycle in order to recognize revenue generated by micro-transactions. The game user's life cycle is estimated based on the average period from the game user's first payment date to the last access date for active paying game users. The Company considers a game user as an active user if the period between the time of the user&#8217;s most recent access of the game and the end of reporting period equals or is shorter than the estimated game users&#8217; life cycle. For remaining amounts of virtual currency and items that active users own at period-end, the related revenue is deferred considering the items&#8217; attributes. The Company estimates the user&#8217;s life cycle by analyzing game users&#8217; activity patterns such as payment and access and it periodically reviews if there is any change of these estimates.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.  New Standards and Interpretations Adopted During the Year and Resulting Changes in Accounting Policies</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Company has applied the following standards and amendments for the first time for the annual reporting period commencing on January 1, 2024. </font></div><div style="margin-bottom:12pt;padding-left:32.2pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:6.34pt">Amendments to K-IFRS No. 1001 &#8216;Presentation of Financial Statements&#8217; &#8211; Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants</font></div><div style="margin-bottom:12pt;padding-left:15pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">The amendments to Korean IFRS 1001 clarify that liabilities are classified as either current or non-current, depending on the substantive rights that exist at the end of the reporting period. Classification is unaffected by the likelihood that an entity will exercise right to defer settlement of the liability or the expectations of management. Also, the settlement of liability includes the transfer of the entity&#8217;s own equity instruments, however, it would be excluded if an option to settle them by the entity&#8217;s own equity instruments if compound financial instruments is met the definition of equity instruments and recognized separately from the liability. Covenants with which the Company must comply after the reporting date do not affect a liability&#8217;s classification at that date. The amendment requires the Company to disclose the information about the risk that the liabilities could become repayable within 12 months after the reporting date if a liability is classified as a non-current liability that the Company must comply with covenants within 12 months after the reporting period. The amendments do not have a significant impact on the financial statements</font></div><div style="margin-bottom:12pt;padding-left:32.2pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:6.34pt">Amendments to K-IFRS No. 1001 &#8216;Presentation of Financial Statement&#8217; &#8211; Disclosure of Cryptographic Assets   </font></div><div style="margin-bottom:12pt;padding-left:15pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The amendments require additional disclosure for cryptographic assets held by the Company, cryptographic assets entrusted by customers to the Company, and the issuance and transfer of cryptographic assets. The amendment requires the Company to disclose general information about cryptographic assets, including the accounting policies, the acquisition cost for each type of cryptographic asset, and the fair value of the assets if the Company holds cryptographic assets. In addition, if the Company issues cryptographic assets, the amendment requires the Company to disclose its obligations related to the issued cryptographic assets and the status of its compliance with those obligations, the timing and amount of revenue recognition for disposed cryptographic assets, the quantity of cryptographic assets held after issuance, and any significant contractual terms. The amendments do not have a significant impact on the financial statements. </font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.  New Standards and Interpretations Adopted During the Year and Resulting Changes in Accounting Policies, Continued</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:32.2pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;padding-left:6.34pt">Amendments to K-IFRS No. 1007 &#8216;Statement of Cash Flows&#8217; and K-IFRS No. 1107 &#8216;Financial Instruments&#58; Disclosures&#8217; &#8211; Supplier finance arrangements</font></div><div style="padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The amendments require entity to disclose information about its supplier finance arrangements that enables users of financial statements to assess the effects of those arrangements on the entity&#8217;s liabilities and cash flows and on the entity&#8217;s exposure to liquidity risk when applying supplier finance arrangements. The amendments do not have a significant impact on the financial statements.</font></div><div style="padding-left:14.2pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(4) Amendments to K-IFRS No. 1116 &#8216;Lease&#8217; &#8211; Lease Liability in a Sale and Leaseback </font></div><div style="margin-bottom:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The amendments require a seller-lessee shall determine lease payments or revised lease payments in a way that the seller-lessee would not recognize any amount of the gain or loss that relates to the right of use retained by the seller-lessee when subsequently measuring lease liabilities arising from a sale and leaseback. The amendments do not have a significant impact on the financial statements.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies </font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The principal accounting policies applied in the preparation of these separate financial statements in accordance with the K-IFRS are set out below. These policies have been consistently applied to all years presented, except if mentioned otherwise in Note 3. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Investment in subsidiaries, joint ventures, and associates </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">These separate financial statements are prepared and presented in accordance with K-IFRS No. 1027, Separate Financial Statements. The Company applies the cost method to investments in subsidiaries, associates, and joint ventures in accordance with K-IFRS No. 1027(Note 8) Dividends from subsidiaries, associates, and joint ventures are recognized in profit or loss when the right to receive the dividends is established.</font></div><div style="padding-left:14.2pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Cash and Cash equivalents</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Cash and cash equivalents include cash on hand, deposits held at call with financial institutions, and other short-term investments with original maturities of three months or less that are readily convertible to known amounts of cash.</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies, Continued </font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Financial Assets</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Classification</font></div><div style="margin-top:12pt;padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At initial recognition, the Company classifies its financial assets in the following measurement categories&#58; </font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">measured at fair value through profit or loss&#59;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">measured at fair value through other comprehensive income&#59; and</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">measured at amortized cost.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:14.2pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The classification depends on the Company&#8217;s business model for managing the financial assets and the contractual terms of the cash flows. </font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For financial assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For investments in debt instruments, this will depend on the business model in which the investment is held. The Company reclassifies debt investments when, and only when its business model for managing those assets changes.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For investments in equity instruments that are not held for trading, this will depend on whether the Company has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income. Changes in fair value of equity instruments not elected as equity investment at fair value through other comprehensive income will be recognized in profit or loss.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Measurement</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At initial recognition, the Company measures a financial asset at its fair value plus, for financial asset not at fair value through profit or loss, transaction costs that are directly attributable to its acquisition. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies, Continued</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Measurement, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(i) Debt instruments</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Subsequent measurement of debt instruments depends on the Company&#8217;s business model for managing the asset and the cash flow characteristics of the asset. The Company classifies its debt instruments into one of the following three measurement categories&#58;</font></div><div style="margin-bottom:12pt;padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Amortized cost&#58; Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss on a debt investment that is subsequently measured at amortized cost and is not part of a hedging relationship is recognized in profit or loss when the asset is derecognized or impaired. Interest income from these financial assets is included in &#8216;finance income&#8217; using the effective interest rate method.</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Fair value through other comprehensive income&#58; Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets&#8217; cash flows represent solely payments of principal and interest, are measured at fair value through other comprehensive income. Movements in </font></div><div style="padding-left:49.65pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">the carrying amount are taken through other comprehensive income, except for the recognition of impairment loss (reversal of impairment loss), interest income and foreign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to profit or loss. Interest income from these financial assets is included in &#8216;finance income&#8217; using the effective interest rate method. Foreign exchange gains and losses are presented in &#8216;finance income or costs&#8217; and impairment losses are presented in &#8216;other non-operating expenses&#8217;. </font></div><div><font><br></font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Fair value through profit or loss&#58; Assets that do not meet the criteria for amortized cost or fair value through other comprehensive income are measured at fair value through profit or loss. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss and is not part of a hedging relationship is recognized in profit or loss and presented net in the statement of profit or loss within &#8216;finance income or costs&#8217; in the year in which it arises.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Measurement, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(ii) Equity instruments</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company subsequently measures all equity investments at fair value. Where the Company&#8217;s management has elected to present fair value gains and losses on equity investments, which are held for long-term investment or strategic purpose, in other comprehensive income. There is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Changes in the fair value of financial assets at fair value through profit or loss are recognized in &#8216;other non-operating income and expenses&#8217; in the statement of profit or loss as applicable. Impairment loss (reversal of impairment loss) on equity investments measured at fair value through other comprehensive income are not reported separately from other changes in fair value.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(c) Impairment</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company recognizes loss allowances for expected credit losses(&#8220;ECLs&#8221;) on&#58;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">financial assets measured at amortized cost&#59;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">debt investments measured at fair value through other comprehensive income&#59; and</font></div><div style="margin-bottom:12pt;padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">contract assets under K-IFRS No. 1115.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company measures loss allowances at an amount equal to lifetime ECLs, except for the following, which are measured at 12-month ECLs&#58;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">debt securities that are determined to have low credit risk at the reporting date&#59; and</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Loss allowances for accounts and other receivables (including lease receivables) and contract assets are always measured at an amount equal to lifetime ECLs.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECLs, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Company&#8217;s historical experience and informed credit assessment, that includes forward-looking information.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(c) Impairment, Continued</font></div><div style="margin-bottom:12pt;padding-left:14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company considers a financial asset to be in default when&#58;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">the debtor is unlikely to pay its obligations to the Company in full, without recourse by the Company to actions such as realizing security (if any is held)&#59; or</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">the financial asset is more than 90 days past due.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Lifetime ECLs are the ECLs that result from all possible default events over the expected life of a financial instrument.</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">12-month ECLs are the portion of ECLs that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The maximum period considered when estimating ECLs is the maximum contractual period over which the Company is exposed to credit risk.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Company expects to receive). ECLs are discounted at the effective interest rate of the financial asset.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At each reporting date, the Company assesses whether financial assets carried at amortized cost and debt securities at fair value through other comprehensive income are credit-impaired. A financial asset is &#8216;credit-impaired&#8217; when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Loss allowances for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. For debt securities at fair value through other comprehensive income, the loss allowance is charged to profit or loss.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(d) Recognition and Derecognition</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Regular way purchases and sales of financial assets are recognized or derecognized on trade-date, the date on which the Company commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">If a transfer does not result in derecognition because the Company has retained substantially all the risks and rewards of ownership of the transferred asset, the Company continues to recognize the transferred asset in its entirety and recognizes a financial liability for the consideration received.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Financial Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(e) Offsetting of financial instruments</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Financial assets and liabilities are offset and the net amount reported in the statements of financial position where there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the assets and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the counterparty.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(4) Accounts receivable</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Accounts receivables are recognized initially at the amount of consideration that is unconditional, unless they contain significant financing components when they are recognized at fair value. Accounts receivables are subsequently measured at amortized cost using the effective interest method, less loss allowance.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(5) Property and Equipment</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Property and equipment are initially measured at cost. The cost of property and equipment includes expenditures arising directly from the construction or acquisition of the asset, any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management, and the initial estimate of the costs of dismantling and removing the item and restoring the site on which it is located. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Property and equipment, subsequently, are carried at cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are recognized in the carrying amount of property and equipment at cost or, if appropriate, as a separate item if it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be reliably measured.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Depreciation of all property and equipment, except for land, is calculated using the straight-line method to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives as follows&#58;</font></div><div style="padding-left:49.65pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:55.394%"><tr><td style="width:1.0%"></td><td style="width:61.290%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.966%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.344%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:13.12pt;padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Estimated Useful Lives</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Computer and other equipment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4 years</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Furniture and fixture</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4 years</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Vehicles</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4 years</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Leasehold improvements</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(*)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Right-of-use assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(*)</font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) The Company depreciates Right-of-use asset and the Leasehold improvements from the commencement date and the available date to the earlier date between the end of the lease term and the expiration date of Right-of-use asset&#8217;s useful life using the straight-line method.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Depreciation methods, useful lives, and residual values are reviewed at the end of each reporting date and adjusted, if appropriate. The change is accounted for as a change in an accounting estimate.</font></div><div style="padding-left:7.1pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(6) Intangible Assets</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Intangible assets, except for goodwill, are initially recognized at its historical cost, and carried at cost less accumulated amortization and accumulated impairment losses. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company amortizes intangible assets with a limited useful life using the straight-line method over the following periods&#58;</font></div><div style="padding-left:49.65pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:52.325%"><tr><td style="width:1.0%"></td><td style="width:59.085%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:37.481%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:13.12pt;padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Estimated Useful Lives</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Software</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1&#126;3 years</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Industrial property rights</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10 years</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.37pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3 years</font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Expenditure on research activities is recognized in profit or loss as incurred. Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Company intends to and has sufficient resources to complete development and to use or sell the asset. Other development expenditure is recognized in profit or loss as incurred.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company entered into a game licensing agreement with a number of third parties to gain exclusive rights to the games developed by those companies. The license fee payments are recognized as other intangible assets and amortized over the term of the contract </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">using </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">the straight-line method.</font></div><div style="padding-left:14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(7) Impairment of Non-financial Assets</font></div><div style="padding-left:14.2pt"><font><br></font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At each reporting date, the Company reviews the carrying amounts of its non-financial assets (other than contract assets, incremental costs of obtaining a contract, costs to fulfil a contract, employee benefit related assets and deferred tax assets) to determine whether there is any indication of impairment. If any such indication exists, then the asset&#8217;s recoverable amount is estimated. Goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, irrespective of whether there is any indication of impairment, are tested for impairment annually by comparing their recoverable amounts to their carrying amounts.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The recoverable amount of an asset or cash generating unit (&#8220;CGU&#8221;) is the greater of its value in use and its fair value less costs to sell. Value in use is based on the estimated future cash flows, discounted to their present value using an adjusted discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">An impairment loss is recognized in profit or loss if the carrying amount of an asset or CGU exceeds its recoverable amount.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(8) Leases</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company uses the definition of a lease in K-IFRS No. 1116.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) As a lessee</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At commencement or on modification of a contract that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of its relative stand-alone prices. However, the Company has elected not to separate non-lease components and account for the lease and non-lease components as a single lease component by class of underlying asset.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company determines the lease term as the non-cancellable period of a lease, together with both (a) periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option&#59; and (b) periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option. When the lessee and the lessor each has the right to terminate the lease without permission from the other party, the Company should consider a termination penalty in determining the period for which the contract is enforceable.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Company by the end of the lease term or the cost of the right-of-use asset reflects that the Company will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company&#8217;s incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rates.</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(8) Leases, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) As a lessee, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Lease payments included in the measurement of the lease liability comprise the following&#58;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">fixed payments, including in-substance fixed payments&#59;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date&#59;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">amounts expected to be payable under a residual value guarantee&#59; </font></div><div style="margin-bottom:12pt;padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">the exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate early.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The lease liability is measured at amortized cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company&#8217;s estimate of the amount expected to be payable under a residual value guarantee, if the Company changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company presents right-of-use assets that do not meet the definition of investment property in &#8216;Property and equipment&#8217; and lease liabilities in &#8216;Other current liabilities&#8217; and &#8216;Other non-current liabilities&#8217; in the statement of financial position.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company has elected not to recognize right-of-use assets and lease liabilities for leases of low-value assets and short-term leases. The Company recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) As a lessor</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At inception or on modification of a contract that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">When the Company acts as a lessor, it determines at lease inception whether each lease is a finance lease or an operating lease.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(8) Leases, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) As a lessor, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">To classify each lease, the Company makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease&#59; if not, then it is an operating lease. As part of this assessment, the Company considers certain indicators such as whether the lease is for the major part of the economic life of the asset.</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">When the Company is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease, not with reference to the underlying asset. If a head lease is a short-term lease to which the Company applies the exemption described above, then it classifies the sub-lease as an operating lease.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">If an arrangement contains lease and non-lease components, then the Company applies K-IFRS No.1115 to allocate the consideration in the contract.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company applies the derecognition and impairment requirements in K-IFRS No. 1109 to the net investment in the lease. The Company further regularly reviews estimated unguaranteed residual values used in calculating the gross investment in the lease.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as part of &#8216;non-operating income&#8217;.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(9) Financial Liabilities</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Classification and measurement</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company&#8217;s financial liabilities at fair value through profit or loss are financial instruments held for trading. A financial liability is held for trading if it is incurred principally for the purpose of repurchasing in the near term. A derivative that is not a designated as hedging instruments and an embedded derivative that is separated are also classified as held for trading.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company classifies non-derivative financial liabilities, except for financial liabilities at fair value through profit or loss, financial guarantee contracts and financial liabilities that arise when a transfer of financial assets does not qualify for derecognition, as financial liabilities carried at amortized cost and present as &#8216;accounts payable&#8217;, &#8216;other current liabilities&#8217; and &#8216;other non-current liabilities&#8217; in the separate statement of financial position. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Derecognition</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Financial liabilities are removed from the statement of financial position when it is extinguished&#59; for example, when the obligation specified in the contract is discharged or cancelled or expired or when the terms of an existing financial liability are substantially modified. The difference between the carrying amount of a financial liability extinguished or transferred to another party and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognized in profit or loss.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(10) Provisions and Contingent Liabilities</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Provisions are measured at the present value of management's best estimate of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value reflects current market assessments of the time value of money and the risks specific to the liability.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">In addition, when there is a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability, a disclosure regarding the contingent liabilities is made in the notes to the financial statements.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(11) Foreign Currency Translation</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Functional and presentation currency</font></div><div style="margin-bottom:12pt;padding-left:15pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which it operates (the &#8220;functional currency&#8221;), which the financial statements in the Company and its branch (Taiwan) are presented in Korean won (KRW) and New Taiwan Dollar (NTD), respectively. The separate financial statements are presented in Korean won, which is the Company&#8217;s functional and presentation currency.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Transactions and balances</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:133%">at the exchange rate at the reporting date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> are generally recognized in profit or loss. They are recognized in other comprehensive income if they relate to qualifying cash flow hedges and qualifying effective portion of net investment hedges in a foreign operation. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Exchange differences arising on non-monetary financial assets and liabilities such as equity instruments at fair value through profit or loss and equity instruments at fair value through other comprehensive income are recognized in profit or loss and other comprehensive income, respectively, as part of the fair value gain or loss.</font></div><div style="text-indent:15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(12) Statement of cash flows</font></div><div style="text-indent:15pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company has elected to present cash flows from operating activities using the indirect method. Cash flows denominated in a foreign currency are reported using average exchange rate.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(13) Revenues from contracts with customers</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company engages in game licensing, IP licensing, and game publishing businesses.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Revenue is measured at the fair value of the consideration received or receivable for sale of goods or rendering of services arising from the normal course of the business. Revenue is recognized as net amounts excluding value added taxes, returns, rebates and discounts.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Revenue from micro-transaction and subscription</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company recognizes micro-transaction revenue of online and mobile games when the Company satisfies its performance obligations. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Whether the performance obligations are satisfied depends on the natures of virtual currency and in-game virtual items. Items are categorized into consumable, periodic, and permanent in-game virtual items.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Consumable in-game virtual items are items that are consumed by the specific action of a game user, and periodic in-game virtual items are items that can be used repeatedly during a specified effective period. Permanent in-game virtual items are items that can be used by game users repeatedly without an effective period.</font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(13) Revenues from contracts with customers, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Revenue from micro-transaction and subscription, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The accounting policy on revenue recognition is described below in relation to micro-transaction revenue from the sales of virtual currency and items. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(i) Online Games</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The specific method of recognizing and deferring revenue for virtual currency and consumable, periodic, and permanent items purchased with virtual currency is as follows.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">At the end of the reporting period, the Company defers the total amount of remaining virtual currency.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For consumable in-game virtual items, the related revenue is recognized when the in-game virtual item is consumed. The Company defers the revenue for remaining amounts of virtual items owned by active paying users within the estimated user life cycle at the end of the reporting period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For periodic in-game virtual items, the related revenue is recognized ratably over the effective period. The Company defers the revenue for remaining effective period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For permanent in-game virtual items, revenue is recognized ratably over the estimated user life cycle. The Company defers the revenue for remaining period of estimated user life cycle at the end of the reporting period.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(ii) Mobile Games</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The specific method of recognizing and deferring revenue for virtual currency and consumable, periodic, and permanent items purchased with virtual currency is as follows.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Mobile game users purchase virtual currency that can be used to purchase in-game items. The Company has no refund obligation after the game user purchases virtual currency. At the end of the reporting period, the Company defers the revenue for the remaining virtual currency possessed by active paying users. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For consumable in-game virtual items, revenue is recognized when the in-game virtual item is consumed. The Company defers the revenue for remaining virtual items possessed by active users within the estimated user life cycle at the end of the reporting period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For periodic in-game virtual items with effective period, revenue is recognized ratably over the effective period. The Company defers the revenue for remaining effective period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For permanent in-game virtual items, revenue is recognized ratably over the estimated user life cycle. The Company defers the revenue for remaining period of estimated user life cycle at the end of the reporting period.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(13) Revenues from contracts with customers, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Royalties and License Fees</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">In connection with the Company&#8217;s online and mobile games, the Company enters into license agreement in connection with the right to access the intellectual property, such as game character images and stories. The Company believes that the agreement is a promise to provide a right to the customer to access the related IP because the Company will undertake activities that significantly affect the intellectual property to which the customer has rights, the rights granted by the license directly expose the customer to any positive or negative effects of the Company&#8217;s activities, and those activities do not result in the transfer of a good or a service to the customer as those activities occur. Therefore, the Company&#8217;s performance obligations in connection with these agreements are satisfied over time. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Since the nature of the license promise is to provide customers with access to the intellectual property of the Company during the license period, the Company's performance obligation corresponds to the performance obligation satisfied over the time, and revenue is recognized over the license period. The Company recognizes revenue for the license fee through the straight-line method during the contract period, and for the running royalty revenue, the revenue is recognized on an accrual basis at the time the revenue distribution is established in accordance with the terms of the contract. When the running royalty revenue based on the contractual royalty rate and the actual revenue of the licensee exceeds the ratably recognized minimum guarantee, the excess amount is then recognized as revenue and accounts receivable. </font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(13) Revenues from contracts with customers, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(c) Incremental costs of obtaining contract</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company pays platform processing fees to operate mobile games on third party platforms. These fees are charged based on the game users&#8217; purchases in cash and considered as incremental cost of obtaining contracts with customer and therefore capitalized. The Company presents these costs as prepaid expense and amortizes them to costs of revenue at the same time when the related revenue of the services provided to the game users are recognized.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(14) Current and Deferred Tax</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The tax expense for the period consists of current and deferred tax. Current and deferred tax is recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. The tax expense is measured at the amount expected to be paid to the taxation authorities, using the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation, and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the separate financial statements. However, deferred income tax is not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business combination that at the time of the transaction affects neither accounting nor taxable profit or loss. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Deferred tax assets are recognized only if it is probable that future taxable amounts will be available to utilize those temporary differences and tax credit. </font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company recognizes a deferred tax liability all taxable temporary differences associated with investments in subsidiaries, associates, and interests in joint arrangements, except to the extent that the Company is able to control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. In addition, the Company recognizes a deferred tax asset for all deductible temporary differences arising from such investments to the extent that it is probable the temporary difference will reverse in the foreseeable future and taxable profit will be available against which the temporary difference can be utilized.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">24</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">4.  Significant Accounting Policies, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(15) Employee Benefits</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(a) Short-term employee benefits</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Short-term employee benefits are employee benefits that are due to be settled within 12 months after the end of the period in which the employees render related services. When an employee has rendered a service to the Company during an accounting period, the Company recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for that service.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(b) Defined contribution pension plan</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Company has a defined contribution pension plan with the related contribution to the pension plan recorded as severance benefit expenses for the employees with service period over a year. The Company recognizes provision for severance benefits for the employees with service period less than a year.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(16) Standards issued but not yet effective</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">A number of new standards are effective for annual periods beginning after January 1, 2024 and earlier application is permitted&#59; however, the Company has not early adopted the new or amended standards in preparing these separate financial statements.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The following amended standards and interpretations are not expected to have a significant impact on the Company&#8217;s separate financial statements.</font></div><div style="padding-left:63.8pt;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:16.15pt">Lack of Exchangeability (Amendment to K-IFRS 1021 &#8216;The Effects of Changes in Foreign Exchange Rates&#8217;)</font></div><div style="padding-left:63.8pt;text-indent:-21.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:17.4pt">Classification and Measurement of Financial Instruments (Amendment to K-IFRS 1109 &#8216;Financial Instruments&#8217; and K-IFRS 1107 &#8216;Financial Instruments&#58; Disclosures&#8217;)</font></div><div style="padding-left:63.8pt;text-indent:-21.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:17.4pt">Annual Improvements to IFRS Accounting Standards </font></div><div style="padding-left:51pt;text-indent:12.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:4.87pt">K-IFRS 1101 &#8216;First-time adoption of International Financial Reporting Standards&#8217;&#59;</font></div><div style="padding-left:51pt;text-indent:12.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:4.87pt">K-IFRS 1107 &#8216;Financial instruments&#58; Disclosures&#8217;&#59;</font></div><div style="padding-left:51pt;text-indent:12.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:4.87pt">K-IFRS 1109 &#8216;Financial instruments&#8217;&#59;</font></div><div style="padding-left:51pt;text-indent:12.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:4.87pt">K-IFRS 1110 &#8216;Consolidated financial instruments&#8217;&#59; and</font></div><div style="padding-left:51pt;text-indent:12.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%">-</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:139%;padding-left:4.87pt">K-IFRS 1007 &#8216;Statement of cash flows&#8217;</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">5. Cash and cash equivalents</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Cash and cash equivalents as of December 31, 2024 and 2023 are as follows&#58; </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.631%"><tr><td style="width:1.0%"></td><td style="width:32.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.881%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.044%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.909%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.881%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.881%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.909%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.882%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won) </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Demand deposits, etc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">64,263,198</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">32,157,091</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td></tr></table></div><div style="margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) The Company does not have any restricted cash and cash equivalents as of December 31, 2024 and 2023.</font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt;text-align:justify;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">6. Financial Instruments by Category</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Carrying amounts of financial instruments by category as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.638%"><tr><td style="width:1.0%"></td><td style="width:35.930%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.506%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.702%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.132%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.506%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.677%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.012%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="9" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Financial assets at amortized cost</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cash and cash equivalents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">64,263,198</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">32,157,091</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Short-term financial instruments</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">278,000,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">249,000,000</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts receivable, net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,651,270</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">31,529,998</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other receivables, net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,290,165</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">995,094</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other current financial assets(*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,897,585</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,476,977</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other non-current financial assets(*2)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,999,836</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,164,926</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">389,102,054</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">319,324,086</font></div></td></tr></table></div><div style="padding-left:2.1pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;(*1) Other current financial assets consist of accrued income, deposits and lease receivable.</font></div><div style="padding-left:2.1pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;(*2) Other non-current financial assets consist of deposits and lease receivable.</font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.122%"><tr><td style="width:1.0%"></td><td style="width:36.421%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.818%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.370%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.215%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.479%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.479%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.218%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-3.73pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Financial liabilities at amortized cost</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts payable(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">18,593,510</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">20,523,174</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Long-term accounts payable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">220,108</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">677,520</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,869,454</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,315,409</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other non-current liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,654,398</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,007,489</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">24,337,470</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">24,523,592</font></div></td></tr></table></div><div><font><br></font></div><div style="padding-left:14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Annual leave allowance, bonus accruals, etc. that should be paid to employees are excluded.</font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">26</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:168%">6.  Financial Instruments by Category, Continued</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(2) Net income(expenses) from financial instruments for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.886%"><tr><td style="width:1.0%"></td><td style="width:38.119%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.658%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.662%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.108%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.729%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.924%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial assets at amortized cost</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11,819,137</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,439,646</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Differences in foreign currency</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,834,517</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">367,432</font></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,653,654</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,807,078</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial assets at fair value through profit or loss</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,539</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">16,653,654</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">9,812,617</font></td></tr></table></div><div style="padding-left:2.1pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:87.209%"><tr><td style="width:1.0%"></td><td style="width:40.196%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.651%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.455%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.270%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.903%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2024</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Financial liabilities at amortized cost</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.27pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">&#160;Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(82,554)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(96,473)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%">&#160;Differences in foreign currency</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,572,064)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(372,454)</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:155%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(1,654,618)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(468,927)</font></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3) Fair value hierarchy</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Fair values are categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows&#58;</font></div><div style="padding-left:49.65pt;text-align:justify;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Level 1&#58; quoted prices (unadjusted) in active markets for identical assets or liabilities&#59;</font></div><div style="padding-left:49.65pt;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Level 2&#58; all inputs other than quoted prices included in level 1 that are observable (either directly that is, prices, or indirectly that is, derived from prices) for the asset or liability&#59;</font></div><div style="margin-bottom:12pt;padding-left:49.65pt;text-indent:-21.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:133%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:17.45pt">Level 3&#58; unobservable inputs for the asset or liability.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The fair value of financial instruments traded in an active market is determined based on the quoted market price as of the end of the reporting period. If the quoted prices are readily and regularly available through exchanges, sellers, brokers, industry groups, rating agencies or regulators and such prices represent actual market transactions that occur regularly between independent parties, they are considered active markets. These products are included in Level 1.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The fair value of financial instruments that are not traded in an active market is determined using valuation techniques. These valuation techniques use as much market observable information as possible and use the least amount of company-specific information. At this time, if all the significant input variables required to measure the fair value of a good are observable, the good is included in Level 2.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">If more than one significant input variable is not based on observable market information, the item is included in Level 3.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">27</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">6.  Financial Instruments by Category, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(3) Fair value hierarchy, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">The valuation techniques used to measure the fair value of a financial instrument include&#58;</font></div><div style="padding-left:21.3pt;text-align:justify;text-indent:-5.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-  Market price or dealer price of a similar financial instrument </font></div><div style="margin-bottom:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-  The fair value of derivative instruments is determined by discounting the amount to present value using the leading exchange rate as of the end of the reporting period </font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">For the other financial instruments, the Company applied other valuation techniques such as discounted cash flow, etc. </font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">7. Accounts and Other Receivables</font></div><div style="text-align:justify;text-indent:5pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Accounts and other receivables as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:32.795%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.427%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.010%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.010%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.333%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.470%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.470%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.725%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won) </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">receivable</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other receivables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other receivables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Non-related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:28.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">21,571,967</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">308,157</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,317,691</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">765,557</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Related party </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">14,121,140</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,101,062</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,224,314</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">995,089</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Less&#58; Loss allowance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(41,837)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(12,007)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:93.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,651,270</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,409,219</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">31,529,998</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,760,646</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Changes in the loss allowance of accounts receivable during the years ended December 31, 2024 and 2023 are as follows&#58; </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:70.736%"><tr><td style="width:1.0%"></td><td style="width:45.931%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.169%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.292%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.626%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.593%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Accounts receivable</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Beginning balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:88.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,007</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">47,874</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(Reversal of) Bad debt expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">29,830</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(35,867)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Write-off</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Ending balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">41,837</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,007</font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">28</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">7. Accounts and Other Receivables, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Expected credit losses (ECLs) and credit risk exposures for accounts and other receivables as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Accounts receivable</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.339%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.718%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.718%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.718%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.679%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;Expected loss rate(%)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Carrying </font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">amount</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Loss allowance</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Not due or overdue for less than 90 days</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0.08&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,653,617&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;27,485&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 90 days &#126; Less than 180 days</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;0.44&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;25,248&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;110&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 180 days &#126; Less than 270 days</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;100.00&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,023&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,023&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 270 days &#126; Less than 1 year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;100.00&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4,430&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4,430&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 1 year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;100.00&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,789&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,789&#160;</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">  </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;35,693,107&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;41,837&#160;</font></div></td></tr></table></div><div><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.880%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.718%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.728%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.673%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.718%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.718%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.138%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;Expected loss rate(%)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Carrying </font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Amount</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Loss allowance</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Not due or overdue for less than 90 days</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">0.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:3.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">31,510,119</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;982</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 90 days &#126; Less than 180 days</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8.77</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">21,756</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,908 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 180 days &#126; Less than 270 days</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">19.75</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 270 days&#126; Less than 1 year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">60.25</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,543</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,532</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 1 year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,584</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,584</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:3.77pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;31,542,005  </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;12,007 </font></div></td></tr></table></div><div style="padding-left:2.9pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Other receivables</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:35.825%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.136%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.909%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.652%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.433%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.909%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.592%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.433%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.763%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.408%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.433%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.433%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.443%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="36" style="border-bottom:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Expected loss rate(%)</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="12" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Carrying amount</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="9" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Loss allowance</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Not due or overdue for less than 90 days</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:4.72pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">0.00</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:4.72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:4.72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:2.42pt;padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,403,128</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:4.72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:4.72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">More than 90 days &#126; Less than 180 days</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:4.72pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">0.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.42pt;padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;6,091&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:4.72pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.42pt;padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,409,219</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:36.001%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.392%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.237%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.914%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.436%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.596%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.914%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.231%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.392%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.436%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.791%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.454%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.596%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="33" style="border-bottom:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Expected loss rate(%)</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="12" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Carrying amount</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Loss allowance</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Not due or overdue for less than 90 days</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:4.72pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">0.00</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:2.42pt;padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,760,646</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:38.47pt;padding-right:160.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-    </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:4.72pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.42pt;padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,760,646</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:11.57pt;padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">29</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">7. Accounts and Other Receivable, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) ECLs and credit risk exposures for accounts and other receivables as of December 31, 2024 and 2023 are as follows, Continued&#58;</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">In assessing the recoverability of accounts and other receivables, the Company considers changes in the credit rating of accounts and other receivables from the commencement of the credit to the end of the reporting period.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;margin-top:2pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company applies simplified approach for accounts and other receivables to measure the loss allowance at an amount equal to lifetime expected credit losses. To measure the expected credit losses, accounts and other receivables are grouped based on credit risk characteristics and the duration of past due balances. ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls. The Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes the Company&#8217;s historical experience and informed credit assessment, that includes forward-looking information. </font></div><div><font><br></font></div><div style="padding-left:0.8pt;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">8. Investment in Subsidiaries</font></div><div style="padding-left:0.8pt;text-indent:5pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of investment in subsidiaries as of December 31, 2024 and 2023 are as follows&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:22.742%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.641%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.595%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.641%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.230%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.202%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.437%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.781%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.821%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.781%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.681%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.648%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Percentage of ownership (%)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Subsidiary</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Location</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Main business</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Fiscal year end</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:center;text-indent:2.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">USA</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Korea</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Mobile Game Development and Service</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">99.53</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Taiwan</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Indonesia</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">70.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">70.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Thailand</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Japan</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Singapore</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Game Vision Limited.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Hongkong</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:8.87pt;padding-right:-1.23pt;text-indent:-8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.82pt;padding-right:3.82pt;text-align:center;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Online and mobile game services</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">December</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Gravity NeoCyon, Inc. was acquired an additional 0.47% during the year ended December 31, 2024 with 100% ownership interest held by the Parent Company.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    </font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">30</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="padding-left:0.8pt;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">8. Investment in Subsidiaries, Continued</font></div><div><font><br></font></div><div style="padding-left:35.45pt;text-align:justify;text-indent:-17.85pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:6.19pt">Changes in investment in subsidiaries for the years ended December 31, 2024 and 2023 are as follows&#58; </font></div><div style="padding-left:32.2pt"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.215%"><tr><td style="width:1.0%"></td><td style="width:29.723%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.551%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.227%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.551%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.850%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.588%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.551%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.551%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.763%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.504%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Subsidiary</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Beginning balance</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Acquisition</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Ending balance</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc. (*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(*2)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,637,089</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,100,333</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;8,737,422 </font></div></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd.</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,681,415</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,681,415</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,483,407</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;- </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;2,483,407 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd. (*3)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,407,555</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;3,723,000 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;7,130,555 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd. (*3)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,275,865</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;7,102,180 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;18,378,045 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,332,621</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.28pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;6,332,621 </font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.57pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">633,282</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;- </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;633,282 </font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,451,234</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,925,513 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">49,376,747 </font></div></td></tr></table></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*1) Prior to 2024, the Company recognized an impairment loss at its full amount as the recoverable amount was less than its book value.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*2) During the year, the Company participated in a paid-in capital increase through a new share issuance by Gravity NeoCyon, Inc., increasing its ownership interest to 99.73%. Additionally, the Company acquired the remaining 0.27% through the exercise of appraisal rights of minority shareholders, resulting in Gravity NeoCyon, Inc. becoming a wholly owned subsidiary of the Company.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*3) During the year ended December 31, 2024, the Company participated in paid-in capital increase of Gravity Game Tech Co., Ltd and Gravity Game Arise Co., Ltd. however there were no change in the shareholding ratio.</font></div><div><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.700%"><tr><td style="width:1.0%"></td><td style="width:32.872%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.845%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.210%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.934%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.845%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.064%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.579%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.845%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.064%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.845%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.197%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Subsidiary</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Beginning balance</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Acquisition</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Ending balance</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc. (*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,637,089</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,637,089</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd. </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,681,415</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,681,415</font></div></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,483,407</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,483,407</font></div></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd. </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,407,555</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,407,555</font></div></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd. (*2)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,556,965</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,718,900</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,275,865</font></div></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd. </font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,332,621</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,332,621</font></div></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited.</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">633,282</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">633,282</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">26,732,334</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,718,900</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,451,234</font></div></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*1) Prior to 2023, the Company recognized an impairment loss at its full amount as the recoverable amount was less than its book value.</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*2) During the year ended December 31, 2023, the Company participated in paid-in capital increase of Gravity Game Arise Co., Ltd. however there were no change in the shareholding ratio.</font></div><div style="margin-bottom:12pt;padding-left:35.4pt;text-indent:-35.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">   </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:38pt;text-align:justify;text-indent:-22pt"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">31</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;padding-left:0.8pt;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">8. Investment in Subsidiaries, Continued</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Condensed financial information of subsidiaries as of and for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:28.807%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.560%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.413%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.936%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.617%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.090%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.318%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Subsidiary</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;Total assets</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Total liabilities</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Revenue</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Profit (loss) for</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">the year</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">28,078,172&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,855,468&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">39,938,248&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">73,691&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,000,011&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,281,053&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">20,315,748&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,771,492&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">27,121,263&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,687,225&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,188,837&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,754,375&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,693,086&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">366,844&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,475,922&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(50,963)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">72,122,833&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">23,779,945&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">48,771,433&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,860,364&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd. </font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,712,161&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,192,327&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,574,326&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(6,237,282)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">68,727,648&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,683,947&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">89,256,880&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,815,260&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">72,467,900&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">26,755,643&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">160,067,411&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">21,945,899&#160;</font></div></td></tr><tr style="height:14pt"><td colspan="45" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:28.807%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.413%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.560%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.413%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.936%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.084%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.090%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.851%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Subsidiary</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Total assets</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Total liabilities</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Revenue</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Profit (loss) for</font></div><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">the year</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">23,445,002</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,670,750</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">49,817,549</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,113,103</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9.87pt;padding-right:-1.23pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,747,448</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,783,968</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">19,408,225</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,270,425)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,754,253</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,227,145</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">33,122,388</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10,115,876</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,461,089</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">302,622</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,234,131</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(103,406)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">50,672,065</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,080,609</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">30,603,821</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,308,220</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd. </font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,058,412</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,683,204</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,806,986</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(5,392,804)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">74,229,285</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">37,718,412</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">287,949,942</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">34,159,815</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited.</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">51,811,357</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10,752,847</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">145,653,444</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">23,547,185</font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">9. Property and Equipment</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of property and equipment as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.862%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.556%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.338%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.312%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.700%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.556%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.431%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.556%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.036%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.707%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.010%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.187%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.405%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.859%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.647%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="9" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.17pt;padding-right:5.17pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Acquisition</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">cost</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Accumulated depreciation</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Carrying </font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">amount</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Acquisition cost</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Accumulated depreciation</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Carrying </font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">amount</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:8.87pt;padding-right:-2.63pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Computer and other equipment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,184,481</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(3,546,324)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">638,157</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,041,548</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(3,280,112)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.07pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">761,436</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Furniture and fixture</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">891,343</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(804,324)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">87,019</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">874,914</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(704,286)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.07pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">170,628</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:8.87pt;padding-right:-2.63pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Vehicles</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">9,101</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(9,101)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">9,101</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(7,774)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.07pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,327</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:8.87pt;padding-right:-2.63pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Leasehold improvements</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,588,067</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,496,534)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">91,533</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,588,067</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,321,009)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.07pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">267,058</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:8.87pt;padding-right:-2.63pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Right-of-use assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">5,976,408</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,448,621)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,527,787</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">7,459,267</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(4,480,114)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.07pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,979,153</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">12,649,400</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(7,304,904)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.43pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">5,344,496</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">13,972,897</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(9,793,295)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:1.07pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,179,602</font></div></td></tr></table></div><div style="padding-left:10pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">32</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-indent:5pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">9. Property and Equipment, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Changes in property and equipment for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.021%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.086%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.686%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.570%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.552%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.552%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.332%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.421%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Computer and other equipments </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Furniture</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">and fixture</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Vehicles</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Leasehold</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">improvements</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Right-of-use assets</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Beginning balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">761,436</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">170,628</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,327</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">267,058</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,979,153</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,179,602</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">192,296</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">17,248</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,492,595</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,702,139</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(315,575)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(100,857)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,327)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(175,525)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,943,961)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(2,537,245)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Ending balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">638,157</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">87,019</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">91,533</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,527,787</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">5,344,496</font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.021%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.086%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.686%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.570%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.808%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.552%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.552%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.409%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.332%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.421%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Computer and other equipments </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Furniture</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">and fixture</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Vehicles</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Leasehold</font></div><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">improvements</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">&#160;</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.2pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Right-of-use assets</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.2pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.25pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Beginning balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">434,837</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">235,827</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,603</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">358,104</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,488,014</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,520,385</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Rent adjustment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">196,258</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">196,258</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">584,564</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">38,734</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">81,100</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,166,557</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,870,955</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(257,965)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(103,933)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(2,276)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(172,146)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,871,676)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(2,407,996)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Disposition</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Ending balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.88pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">761,436</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">170,628</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,327</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">267,058</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,979,153</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.88pt;text-align:right"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:11.57pt;padding-right:-1.88pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,179,602</font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> (3) Classification of depreciation expenses in the statements of comprehensive income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:84.786%"><tr><td style="width:1.0%"></td><td style="width:48.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.852%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.614%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.616%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.17pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cost of revenues</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">578,098</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">575,997</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Selling, general and administrative expenses(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,959,147</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,831,999</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,537,245</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,407,996</font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;padding-right:11.3pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">(*) The deprecation expenses recognized as the research and development included in selling, general and administrative expenses was </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">33,388 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">30,500 thousand, respectively, for the years ended December 31, 2024 and 2023.</font></div><div style="margin-top:12pt;padding-left:28.2pt;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(4) As of December 31, 2024 and 2023, there are no property and equipment that are pledged as collateral for the Company&#8217;s debts.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">33</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">10. Intangible Assets</font></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of intangible assets as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:17.238%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.583%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.342%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.379%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.740%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.342%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.426%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.342%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.583%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.476%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.740%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.819%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.17pt;padding-right:5.17pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Acquisition cost</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Accumulated </font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">amortization</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Carrying</font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">amount</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Acquisition cost</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Accumulated amortization </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(*)</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Carrying</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">amount</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Software</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">14,572,103</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(12,807,213)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,764,890</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">15,684,112</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:0.37pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(13,033,269)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:21.37pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:2.17pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,650,843</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Patents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,723,078</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(854,875)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">868,203</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,356,162</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:0.37pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(744,814)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:2.17pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">611,348</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.37pt;padding-right:-2.63pt;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Other intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">8,965,066</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(4,832,266)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,132,800</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">9,314,361</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:0.37pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(6,586,956)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:2.17pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,727,405</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:0.37pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">25,260,247</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(18,494,354)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">6,765,893</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">26,354,635</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:0.37pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(20,365,039)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:2.17pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">5,989,596</font></div></td></tr></table></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Accumulated amortization includes the amount of accumulated impairment loss.</font></div><div style="padding-left:16pt"><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Changes in intangible assets for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.671%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.569%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.230%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.230%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.065%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.592%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.435%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Software</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Patents</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other intangible </font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">assets</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Total</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Beginning balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,650,843</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">611,348</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,727,405</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,989,596</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">375,073</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">366,916</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,966,618</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,708,607</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Amortization</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,261,026)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(110,061)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,148,240)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,519,327)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Disposals</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,839)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,839)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Impairment loss(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(410,144)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(410,144)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Ending balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,764,890</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">868,203</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,132,800</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,765,893</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) The Company recognized </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">410,144 thousand of impairment loss as carrying amount of other intangible assets related license exceeded recoverable amount as of December 31, 2024.</font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.671%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.569%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.230%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.230%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.065%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.902%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.592%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.435%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:12pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr style="height:24pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Software</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Patents</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other intangible </font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">assets</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Total</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Beginning balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,708,822</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">528,778</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,630,339</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,867,939</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,036,385</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">170,101</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,557,058</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,763,544</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Amortization</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,094,364)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(81,349)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(951,662)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,127,375)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Disposals</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(6,182)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(11,745)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(17,927)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Impairment loss(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,496,585)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,496,585)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Ending balance</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,650,843</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">611,348</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,727,405</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,989,596</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) The Company recognized </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">1,496,585 thousand of impairment loss as carrying amount of other intangible assets related license exceeded recoverable amount as of December 31, 2023.</font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">34</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">10. Intangible Assets, Continued</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Classification of amortization in the statements of comprehensive income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.538%"><tr><td style="width:1.0%"></td><td style="width:47.242%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.833%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.889%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.545%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.891%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.92pt;padding-right:0.92pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cost of revenues</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.47pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.77pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">696,451</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:4.47pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.77pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">624,762</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Selling, general and administrative expenses(*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:4.47pt;padding-right:-1.43pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.77pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,822,876</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:4.47pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:4.47pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,502,613</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.47pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:1.77pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,519,327</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:4.47pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:4.47pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,127,375</font></div></td></tr></table></div><div><font><br></font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) The amortization recognized as the research and development included in selling, general and administrative expenses was </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">528,382 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">356,842 thousand, respectively, for the years ended December 31, 2024 and 2023.</font></div><div><font><br></font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">11. Other non-current assets</font></div><div><font><br></font></div><div style="padding-left:16.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.992%"><tr><td style="width:1.0%"></td><td style="width:47.181%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.893%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.549%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.864%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">(In thousands of won)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2024</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.49pt;padding-right:1.49pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">December 31, 2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Prepaid Expenses(*)&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.62pt;padding-right:1.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></div></td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160; &#160; &#160; &#160; &#160;5,958,410&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:0.75pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">4,896,918&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Others&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160; &#160; &#160; &#160; &#160; &#160;318,909&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">382,674&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.62pt;padding-right:1.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></div></td><td colspan="3" style="border-bottom:2.5pt double #000000;border-top:0.75pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160; &#160; &#160; &#160; &#160;6,277,319&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:2.5pt double #000000;border-top:0.75pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">5,279,592&#160;</font></td></tr></table></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">   </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Prepaid Expenses consist of the minimum guaranteed royalty paid to third parties.</font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">12. Employee Benefit </font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The expenses recognized in relation to defined contribution plan for the years ended December 31, 2024 and 2023 are </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">1,868,777 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">1,674,176 thousand, respectively.</font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">13. Commitments</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) The Company has entered into license agreements with various third-party game developers to secure exclusive right to publish the games developed by the third-party developers. Upfront license fees paid are capitalized and recognized as other intangible assets and minimum guaranteed royalties are capitalized and recognized as other non-current assets. Purchase obligations for future acquisition related to above agreements which were not recognized as liabilities as of December 31, 2024 and 2023 are </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">4,159,526 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">4,160,767 thousand, respectively.</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) As of December 31, 2024, the Company benefited from payment guarantee of USD 244,500 from KB Kookmin Bank regarding overseas IP contracts.</font></div><div style="padding-left:10pt"><font><br></font></div><div style="padding-left:10pt"><font><br></font></div><div style="padding-left:10pt"><font><br></font></div><div style="padding-left:10pt"><font><br></font></div><div style="padding-left:10pt"><font><br></font></div><div style="padding-left:10pt"><font><br></font></div><div style="padding-left:10pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">35</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">14. Share Capital and Capital Surplus</font></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of common shares as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:84.625%"><tr><td style="width:1.0%"></td><td style="width:36.495%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.945%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.006%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.471%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.235%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.948%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:133%">(In won and in number of shares)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Number of authorized shares </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">40,000,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">40,000,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Value per share</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">500</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">500</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Number of shares issued </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">6,948,900</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">6,948,900</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Common shares</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">3,474,450,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">3,474,450,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:10pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Details of capital surplus as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.439%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.026%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.296%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.915%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.915%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.757%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Additional paid-in capital</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.67pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">25,357,547</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">25,357,547</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Other capital surplus </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.67pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">2,125,136</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">2,125,136</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:2.67pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">27,482,683</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">27,482,683</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Details of retained earnings as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.593%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.979%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.550%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.597%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Unappropriated retained earnings</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">387,696,602</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">299,804,247</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(4) According to the Company's Articles of Incorporation, the Company may issue 2,000,000 shares of preferred stock without voting rights, and there are no preferred shares issued as of December 31, 2024.</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(5) Statements of appropriation of retained earnings as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:52.697%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.045%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.836%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.752%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Date of appropriation for 2024&#58; March 31, 2025</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Date of appropriation for 2023&#58; March 29, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Retained earnings available for appropriation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Unappropriated retained earnings carried over from prior year </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">299,804,247</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:16.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">229,634,684</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Profit for the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">87,892,355</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:12.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">70,169,563</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">387,696,602</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:7.77pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">299,804,247</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Appropriation of retained earnings</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:21.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Unappropriated retained earnings to be carried forward</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">387,696,602</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:30.27pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">299,804,247</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">36</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">15. Revenue from Contracts with Customers</font></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of revenue from contracts with customers based on the service contract type and the timing of satisfaction of performance obligations are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:52.697%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.045%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.836%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.752%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Service contract</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;Micro transaction &#38; Subscription revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">55,715,793</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">99,540,249</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;Online games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,082,103</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,876,424</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;Mobile games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">48,633,690</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,663,825</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;Royalties &#38; License fees</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">122,883,827</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">142,687,736</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;Online games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">29,395,858</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">25,901,961</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;Mobile games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">93,487,969</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">116,785,775</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">703,205</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">547,513</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">179,302,825</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">242,775,498</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Major geographic market</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Taiwan</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,999,911</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">48,401,626 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Korea</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">41,978,248</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">72,850,134 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Thailand</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,870,330</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">22,364,780 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Japan</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,417,846</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">18,108,899 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">United States of America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,658,647</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,733,566 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Philippines</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,384,318</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">19,396,307 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Indonesia</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,687,011</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,945,007 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Malaysia</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,806,480</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,529,473 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">China</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,520,914</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,881,929</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Brazil</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,812,422</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">300,068</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,166,698</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#2d2d2d;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">20,263,709</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">179,302,825</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">242,775,498</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Timing of satisfaction of performance obligations</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;At a point in time</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,902</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10,628</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Over time</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">179,288,923</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:16.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">242,764,870</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">179,302,825</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:30.27pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">242,775,498</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Accounts receivable, incremental costs of obtaining a contract and contract liabilities related to contracts with customers as of December 31, 2024 and December 31, 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:52.697%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.045%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.836%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.752%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts receivable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.57pt;padding-right:4.57pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,651,270</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:111.27pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">31,529,998</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Incremental costs of obtaining a contract (Prepaid expenses)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">352,040</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:16.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">255,003</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Contact liabilities (Deferred revenue)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,261,474</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:12.27pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,076,229</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Micro transaction &#38; Subscription revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,234,981</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:7.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,640,941</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Royalties and License fees</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,021,493</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:7.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,435,288</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:7.77pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">37</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">15. Revenue from Contracts with Customers, Continued</font></div><div style="padding-left:16pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) The amount of revenue recognized from previous period&#8217;s contract liabilities satisfied during the year ended December 31, 2024 and 2023 are Won 3,640,941 thousand and Won 3,909,748 thousand in Micro-transaction revenue&#59; Won 645,191 thousand and Won 70,596 thousand in Royalties, respectively.</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(4) Transaction price allocated to unsatisfied performance obligations as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.826%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.603%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.848%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.050%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.890%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.607%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Micro transaction &#38; Subscription revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,234,981</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,640,941</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;Online games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,966,391</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,580,465</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;Mobile games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,268,590</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,060,476</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Royalties and License fees</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,021,493</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,435,288</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;Online games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">432,523</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">163,835</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;Mobile games</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,588,970</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,271,453</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,261,474</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,076,229</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:10pt"><font><br></font></div><div style="margin-top:2pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company&#8217;s management expects to recognize 68.9% (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">5,689,613 thousands) of the transaction price allocated to contracts that have not been performed as of December 31, 2024 as revenue within 12 months. The remaining 31.1% (</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">2,571,862 thousands) is expected to be recognized as revenue thereafter. The amounts disclosed above do not include variable consideration which is constrained</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:133%">.</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:28.2pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(5) Details of incremental costs of obtaining a contract recognized as assets as of December 31, 2024 and 2023 are as follows&#58;</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:41.757%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.593%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.344%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.979%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.180%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.550%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.597%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Incremental costs of obtaining a contract</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">352,040</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">255,003</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Amortization costs recognized as cost of revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">255,003</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">319,451</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">38</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16. Classification of expenses by nature</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Details of classification of expenses by nature for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.737%"><tr><td style="width:1.0%"></td><td style="width:50.485%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.634%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.076%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.931%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.304%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.931%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.639%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Fees and commissions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">66,427,377</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">111,509,001</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Advertising expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,643,942</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,671,077</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Salaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">28,996,658</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">25,121,072</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Outsourcing expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,318,605</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,197,344</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Rent</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">989,144</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">953,979</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Employee benefits</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,328,942</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,145,080</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Post-employment benefits</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,873,075</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,650,957</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,537,245</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,407,996</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Amortization</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,519,327</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,127,375</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Bad debt expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">29,830</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(35,867)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,448,249</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,272,449</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">135,112,394</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">172,020,463</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Total expenses consist of cost of sales, selling, general and administrative expenses.</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">17. Selling, general and administrative expenses</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Details of selling, general and administrative expenses for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.222%"><tr><td style="width:1.0%"></td><td style="width:48.567%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.630%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.547%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.331%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.793%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.218%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.179%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.635%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Fees and commissions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,835,387</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,316,187</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Bad debt expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">29,830</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(35,867)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Advertising expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,643,942</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,671,077</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Salaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,134,983</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,544,214</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Outsourcing expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,162,563</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,606,124</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Rent</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">607,035</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">589,299</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Employee benefits</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,552,039</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,481,778</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Post-employment benefits</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">867,870</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">848,514</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,925,759</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,801,500</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Amortization</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,294,494</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,145,771</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Research and development</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,622,253</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,649,172</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,915,411</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,830,766</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">55,591,566</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">50,448,535</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">39</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">18. Finance Income and Costs</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of finance income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.899%"><tr><td style="width:1.0%"></td><td style="width:48.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.633%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.733%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.900%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.066%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.636%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Finance income</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,819,137</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,445,185</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Unrealized foreign currency gain</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,090,788</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">794,381</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gain on foreign currency transactions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,137,195</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,364,360</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">20,047,120</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,603,926</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Details of finance costs for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.029%"><tr><td style="width:1.0%"></td><td style="width:48.817%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.822%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.117%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.328%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.792%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Finance costs</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">82,554</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">96,473</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Unrealized foreign currency loss</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;789,046</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;265,269</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Loss on foreign currency transactions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4,176,484</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,898,494</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,048,084</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,260,236</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">19. Other Non-Operating Income and Expenses</font></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of other non-operating income for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.837%"><tr><td style="width:1.0%"></td><td style="width:55.109%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.780%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.383%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.780%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.383%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.783%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gain on disposal of property and equipment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">977</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">20,295</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:34.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Dividend income</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">43,120,174</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,072,740</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,024,474</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,383,646</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">44,145,625</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,476,681</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:8.5pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:28.2pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Details of other non-operating expenses for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.483%"><tr><td style="width:1.0%"></td><td style="width:58.153%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.936%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.120%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.783%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.774%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.296%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.938%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Loss on disposal of property and equipment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,050</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Loss on disposal of on intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,182</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Impairment loss on intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;410,144</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,496,585</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Impairment loss on other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">572,230</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,157</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,899</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">989,581</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,512,666</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">40</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">20. Income tax expense </font></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Details of income tax expense for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.793%"><tr><td style="width:1.0%"></td><td style="width:49.979%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.699%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.043%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.317%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.504%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.702%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:145%">(In thousands of won)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:145%">2024</font></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Current tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:8.37pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current year</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%;text-decoration:line-through">W</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13,888,982</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">22,271,822</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Deferred tax expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:34.77pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 9.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:145%">Changes in net deferred tax assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">564,174</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(378,645)</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Income tax expense </font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">14,453,156</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#12288;</font></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">21,893,177</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) The differences between the tax expense on the Company&#8217;s profit before tax and the amount that would arise using the statutory tax rates applicable to profits of the entities are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.346%"><tr><td style="width:1.0%"></td><td style="width:60.491%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.778%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.913%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Profit before income tax expense</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">102,345,512</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,062,740</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Income tax using the statutory tax rate</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">23,179,813</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">20,804,493</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Adjustments&#58;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Expenses not deductible for tax purposes</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">472,719</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,509</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Non taxable income</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(9,493,229)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,649,363)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Foreign tax payment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,456,615</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,569,901</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Tax credit</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,401,333)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,174,258)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Corporate tax on unappropriated earnings</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">94,943</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(133,923)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,856,372)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(532,182)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(8,726,657)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,088,684</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Income tax expense</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">14,453,156</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">21,893,177</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Effective tax rate</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">14%</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">24%</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:32.2pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">41</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">20. Income tax expense, Continued</font></div><div style="padding-left:32.2pt"><font><br></font></div><div style="padding-left:35.45pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;padding-left:6.34pt">Details of the changes in deferred tax assets(liabilities) for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:28pt"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:27.167%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.939%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.866%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.711%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.234%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.167%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.082%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.450%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.711%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.930%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.711%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.778%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.419%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-indent:2.45pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="border-bottom:0.25pt solid #000000;padding:0 1pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Beginning </font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">balance</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Increase</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">(Decrease)</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Ending</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">balance</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Beginning </font></div><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">balance</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Increase</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">(Decrease)</font></div></td><td colspan="3" style="border-top:0.25pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Ending</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">balance</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Accrued income</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:6.77pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(654,585)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(319,435)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(974,020)</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(429,792)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(224,793)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(654,585)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Property and equipment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:6.77pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">50,096&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">17,147&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">67,243&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">48,911</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,185</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">50,096</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">663,339&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(581,385)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">81,954&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">416,984</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">246,355</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">663,339</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Prepaid expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">185,600</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(185,600)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Accounts Payable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">853,592&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">316,915&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,170,507&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">729,183</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">124,409</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">853,592</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Accrued expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">255,603&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">21,590&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">277,193&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">204,441</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">51,162</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">255,603</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9.27pt;padding-right:-1.23pt;text-align:justify;text-indent:-8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Retirement benefit provision liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">34,634&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(3,484)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">31,150&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">42,341</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(7,707)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">34,634</font></div></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Allowance for doubtful accounts</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,092,898</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,092,898)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">278,910</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">813,988</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,092,898</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Asset retirement obligation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">81,970&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(4,157)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">77,813&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">80,768</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,202</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">81,970</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify;text-indent:4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,454,947&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(760,256)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">694,691&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">53,595</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,401,352</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,454,947</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Sub-total(&#8544;)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.77pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,832,494</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(2,405,963)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,426,531</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,610,941</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,221,553</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,832,494</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:-1.23pt;text-align:justify;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Deferred tax due to tax credit </font></div><div style="padding-left:2.37pt;padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">carry-forward(&#8545;)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">235,916&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,841,789&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,077,705</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,078,824</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(1,842,908)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">235,916</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.37pt;padding-right:-1.23pt;text-align:justify;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Deferred tax assets (&#8544;+&#8545;+&#8546;) (*)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.77pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,068,410</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">(564,174)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,504,236</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,689,765</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">378,645</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:right;text-indent:2.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">4,068,410</font></div></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) The future realizability of deferred tax assets is assessed by taking into consideration various factors such as the Company's performance, the overall economic environment and industry outlook, expected future earnings, and deductible period of tax credit carry-forward. The Company periodically monitors those factors used in assessing the realizability of the deferred tax assets. As of December 31, 2024, the Company has recognized deferred tax assets related to temporary differences, carry-forward losses and tax credit carry-forward, which can be utilized based on the likelihood of future taxable income. This amount may change if the estimate for future taxable income changes.</font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="padding-left:28.2pt;text-align:justify;text-indent:-13.4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(4)</font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The gross balances of deferred tax assets and liabilities for the years ended December 31, 2024 and 2023, is as follows&#58; </font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.377%"><tr><td style="width:1.0%"></td><td style="width:61.137%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.969%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.934%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.548%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.064%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Deferred tax assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;- Deferred tax assets to be recovered after more than 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;1,498,357&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">892,318</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">- Deferred tax assets to be recovered within 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;4,705,577&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,587,351</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sub-total</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;6,203,934&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,479,669</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Deferred tax liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;- Deferred tax liabilities to be recovered after more than 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,018,770)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9.55pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">- Deferred tax liabilities to be recovered within 12 months</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,680,928)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,411,259)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Sub-total</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,699,698)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,411,259)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Deferred tax assets (liabilities), net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,504,236</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,068,410</font></div></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">42</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">20. Income tax expense, Continued</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(5) As of December 31, 2024, the Company did not recognize deferred income tax asset for the temporary difference of W22,163,236</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">thousand relating to investments in subsidiaries as it is not probable such temporary differences can be utilized in the foreseeable future.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:20pt;text-align:justify;text-indent:-5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">(6) The impact of the global minimum tax</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:20pt;text-align:justify;text-indent:5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%">The Company is required to pay an additional tax amount on the difference between the GloBE effective tax rate of each subsidiary's jurisdiction and the minimum tax rate of 15%, in accordance with the Pillar 2 legislation. All entities within the Company have an effective tax rate that exceeds 15%, except for Gravity Game Vision Limited that operates in Hong Kong. As a result, the Pillar 2 income tax expense recognized during the year ended December 31, 2024 is </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:168%"> 457,431 thousand, and exceptions have been applied regarding the recognition and disclosure of related deferred tax assets and liabilities.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font><br></font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">21. Cash flow information</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Adjustments for calculating cash generated from operations for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.626%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.199%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.033%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.029%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.919%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.598%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Adjustments for&#58;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,537,245</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,407,996</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Amortization </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,519,327</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,127,375</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Bad debt expense</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">29,830</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">82,554</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">96,473</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Unrealized foreign currency loss</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">789,046</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">265,269</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Loss on disposal of on property and equipment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,050</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Loss on disposal of on intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,182</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Impairment loss on intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">410,144</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,496,585</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Impairment loss on other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">572,230</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Retirement benefit expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(5,703)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(33,216)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Income tax expense</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">14,453,156</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">21,893,177</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Unrealized foreign currency gain</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,090,788)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(794,381)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gain on disposal of property and equipment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(977)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(20,295)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Interest income</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(11,819,137)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(9,445,185)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Dividend income</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(43,120,174)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(12,072,740)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Reversal of allowance for doubtful accounts </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(35,867)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(35,637,197)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,891,373</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">43</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">21. Cash flow information, Continued</font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Changes in assets and liabilities arising from operating activities for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.584%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.746%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.316%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.193%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.165%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.247%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.749%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts receivable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,716,044)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,326,691</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other receivables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,396,954)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(775,527)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,636,627)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,613,091)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Prepaid expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(78,327)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">407,977</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Lease receivable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">242,393</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">239,044</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts payable</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(3,020,614)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,390,159</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Deferred revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">859,037</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(118,218)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Long-term Deferred revenue</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,323,516</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,246,897</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Withholdings</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(400,888)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(309,879)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accrued expenses</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">175,947</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">220,527</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(6,648,561)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,014,580</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:36pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Significant non-cash transactions for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.644%"><tr><td style="width:1.0%"></td><td style="width:66.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.772%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.276%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.217%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.420%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.217%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.775%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Reclassification of Prepayment to intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;212,220</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">101,846</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Acquisition of right-of-use assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,492,595</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,362,815</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Increase in accounts payable relating to the acquisition of other intangible assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,390,168</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,147,427</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Reclassification of other non-current financial assets to other non-current assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,030,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:3.27pt;padding-right:-1.23pt;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Increase in accounts payable relating to the acquisition of software</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">292,480</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,032,560</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:2pt;padding-left:29.2pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4) Changes in liabilities arising from financing activities for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="padding-left:21.3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:53.883%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.764%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.903%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.137%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.407%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.137%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.769%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Beginning of the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,083,031&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,729,657</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cash flows used in financial activities&#8211;payment of lease liabilities</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,069,495)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,060,721)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cash flows used in operating activities &#8211; Interest paid</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(77,204)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(91,294)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Non-cash transactions&#58;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Acquisitions &#8211; right-of-use asset</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,492,595&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,081,056</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Acquisitions &#8211; leases receivables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">793,666&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">99,151</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Interest expense</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">77,204&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">91,294</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(15,814)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">233,888</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:16.77pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Ending of the year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;5,283,983&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,083,031</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">44</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">22. Leases</font></div><div style="padding-left:10pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company leases offices, vehicles and others. The leases typically run for a period of 1 to 5 years with an option to renew or terminate the lease after that date. There are no restrictions or covenants imposed to leases, but the lease assets are not to be provided as collateral for borrowings.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company has a sublease for a portion of the existing lease contract. </font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) As a lessee</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> (a) Details of right-of-use assets and lease liabilities recognized in the separate statements of financial position as of December 31, 2024 and December 31, 2023 are as follows&#58;</font></div><div style="padding-left:28.35pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.507%"><tr><td style="width:1.0%"></td><td style="width:38.278%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.663%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.217%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.217%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.979%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.181%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.565%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Right-of-use assets(*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Offices</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,794,795&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,508,656</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Vehicles</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;121,449&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">367,030</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;611,543&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,103,467</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4,527,787&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,979,153</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Lease liabilities(*2)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:2pt double #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Current</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,869,453&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,075,542</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-indent:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Non-current</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,414,530&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,007,489</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;5,283,983&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,083,031</font></div></td></tr></table></div><div style="padding-left:16pt;text-align:justify;text-indent:4.5pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:41pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*1) Right-of-use assets are included in the 'Property and equipment' in the separate statement of financial position.</font></div><div style="margin-bottom:12pt;padding-left:41pt;text-align:justify;text-indent:-20pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*2) Lease liabilities are included in the 'Other current liabilities' and 'Other non-current liabilities' in the separate statement of financial position.</font></div><div style="padding-left:10pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%"> (b) Changes in right-of-use assets for the years ended December 31, 2024 and December 31, 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.827%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.202%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.915%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.665%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font><br></font></div></td><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Offices</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Vehicles</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Others</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Balance as of January 1, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,508,656&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">367,030&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,103,467&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.57pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,979,153&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,206,457)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(245,581)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(491,924)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.57pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,943,962)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,492,596&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.57pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,492,596&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Balance as of December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,794,795&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">121,449&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">611,543&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:4.57pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,527,787&#160;</font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.744%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.398%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.195%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.398%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.398%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.398%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.618%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.398%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.775%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.6pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font><br></font></div></td><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Offices</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Vehicles</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Others</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Balance as of January 1, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,297,505</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">61,534</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">128,976</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.93pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,488,015</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Depreciation</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,137,684)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(236,746)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(497,246)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.93pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,871,676)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Reassessment</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">143,836</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">52,422</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.93pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">196,258</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Acquisitions</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">204,999</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">489,820</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,471,737</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.93pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,166,556</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Balance as of December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,508,656</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.37pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">367,030</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,103,467</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.93pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,979,153</font></div></td></tr></table></div><div style="margin-bottom:12pt;padding-left:23.5pt;text-align:justify;text-indent:-7.5pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">45</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">22. Leases, Continued</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) As a lessee, Continued</font></div><div style="margin-bottom:12pt;padding-left:31pt;text-align:justify;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(c) Details of amounts recognized in the separate statements of comprehensive income for the years ended December 31, 2024 and December 31, 2023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.160%"><tr><td style="width:1.0%"></td><td style="width:66.978%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.134%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.743%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.777%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.768%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Interest expense relating to lease liabilities (included in finance cost)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;77,204&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">91,294</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Income from sub-lease of right-of-use asset</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;4,056&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,405</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Expense relating to short-term leases</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Expense relating to leases of low-value assets excluding short-term leases</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,446&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,493</font></div></td></tr></table></div><div style="margin-top:12pt;padding-left:30pt;text-indent:-15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(d) Details of amounts recognized in the separate statement of cash flows for the years ended December 31, 2024 and December 31, 2023 are as follows&#58;</font></div><div style="padding-left:16pt;text-align:justify"><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:69.767%"><tr><td style="width:1.0%"></td><td style="width:51.446%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.957%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.420%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.918%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.418%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.957%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.724%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.960%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:5.87pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total cash outflows of leases</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,158,144</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,156,508</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) As a lessor</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company has sub-leased part of its right-of-use assets. The Company recognized interest income related to the lease receivable amounting to </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">4,056 thousand for the year ended December 31, 2024.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The aging analysis with the amounts expressed in undiscounted lease receivables after the reporting date are as follows. </font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:2.868%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.503%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.392%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.550%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.911%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.979%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.546%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.931%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.434%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.752%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.830%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Less than</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">1 Year</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">1 to 2 Years</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2 to 5 Years</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Contractual </font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">cash flow</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Unrealized financial income</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Net investment in the lease</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.83pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%"> </font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12.97pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">246,449</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">216,978</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">422,168</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">885,595</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">51,949</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">833,646</font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">46</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">23</font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">. </font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">Financial Risk Management</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company&#8217;s operating activities expose itself to a variety of financial risks&#58; market risk, credit risk and liquidity risk from which the Company&#8217;s risk management program focuses on minimizing any adverse effects on its financial performance. The Company operates financial risk management policies and programs that closely monitor and respond to each risk factor.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Capital Risk Management</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company&#8217;s objectives when managing capital are to safeguard the Company&#8217;s ability to continue as a going concern, so the Company can continue to provide returns and benefits for shareholders and to maintain an optimal capital structure to reduce the cost of capital. The Company monitors capital on the basis of the debt ratio. This ratio is calculated as total debt divided by total capital. The debt ratios as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:81.233%"><tr><td style="width:1.0%"></td><td style="width:30.907%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.794%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.665%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.323%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.782%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.733%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.796%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total liabilities</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;43,443,153&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;45,685,103</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Total equity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;418,653,735&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;330,761,380 </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Debt ratio</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10%</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">14%</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">47</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">23</font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">. </font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">Financial Risk Management, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Market Risk</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(a) Foreign exchange risk</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company is exposed to foreign exchange risk arising from royalty revenues and commission payment primarily with respect to the US dollar and etc. The Company&#8217;s financial assets and liabilities are exposed to foreign currency risk as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:18.715%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.972%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.333%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.489%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.953%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.104%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.336%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.414%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.721%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.423%"></td><td style="width:0.1%"></td></tr><tr><td colspan="57" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won, in foreign currencies)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.6pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font><br></font></div></td><td colspan="48" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Assets in foreign </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Currency</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Liabilities in foreign currency</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Assets in </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Korean Won</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Liabilities in Korean Won</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">USD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">26,872,947&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,511,027&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">39,503,233&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,980,784&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">JPY</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">517,686,951&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">107,933,859&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,848,035&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,010,779&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">EUR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">27,925&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">32,910&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">42,689&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">50,310&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">VND</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,270,000&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,243,600&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">535&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">187&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">THB</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">29,941,192&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,379&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,287,471&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">317&#160;</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">IDR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,955,000&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,103,944&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,180&#160;</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">283&#160;</font></div></td></tr><tr><td colspan="21" style="padding:0 1pt"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:2.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">45,683,143</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:3.07pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,042,660</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:19.639%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.514%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.298%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.693%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.745%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.443%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.047%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.770%"></td><td style="width:0.1%"></td></tr><tr><td colspan="39" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won, in foreign currencies)</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.6pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font><br></font></div></td><td colspan="30" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.62pt;padding-right:1.62pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Assets in foreign </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">currency</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Liabilities in</font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">&#160;foreign currency</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Assets in </font></div><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Korean Won</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Liabilities in Korean Won</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">USD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">29,135,998</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,801,356</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:6.37pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">37,567,956</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:6.37pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">11,348,468</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">JPY</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">373,753,901</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">199,709,879</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,411,102</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,822,672</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">EUR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">36,780</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">30,472</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">52,470</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">43,471</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">IDR</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,955,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,103,944</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,083</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">259</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">THB</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">28,510</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,379</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,073</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">278</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">VND</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,270,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,243,600</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">493</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">173</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:3.07pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:6.37pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:1.87pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.07pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">41,034,177</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:1.87pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">13,215,321</font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The Company measures foreign exchange risk at the exchange rate of 10% for each foreign currency, and the rate of change reflects the management's assessment of the risk of exchange rate fluctuation that can be reasonably experienced. The effects of changes in foreign currency exchange rate on profit before income tax for the years ended of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.617%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.851%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.833%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.623%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.744%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.529%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.407%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.711%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.441%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.416%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:3.2pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Increased by 10%</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:-7.1pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Decreased by 10%</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Increased by 10%</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Decreased by 10%</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.48pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">USD</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,552,245&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,552,245)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,621,949</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,621,949)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.48pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">JPY</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">383,726&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(383,726)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">158,843</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(158,843)</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.48pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">128,078&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(128,078)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,094</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(1,094)</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,064,049&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(3,064,049)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,781,886</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.27pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">(2,781,886)</font></div></td></tr></table></div><div style="padding-right:2.9pt;text-align:right;text-indent:1.25pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The sensitivity analysis is based on monetary assets and liabilities denominated in foreign currencies other than the functional currency at the end of the reporting period.</font></div><div style="margin-bottom:12pt;text-align:justify"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">48</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">23</font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">. </font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">Financial Risk Management, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Market Risk, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(b) Interest rate risk</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">There are no borrowings under variable interest rate conditions as of December 31, 2024 and 2023.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(c) Price risk</font></div><div style="padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">There are no assets and liabilities exposed to price risk as of December 31, 2024 and 2023.</font></div><div style="margin-bottom:3pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Credit Risk</font></div><div style="margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Credit risk arises from normal trading and investing activities and occurs when a customer or a counterparty fails to comply with the terms of the contract. In order to manage these credit risks, the Company regularly evaluates the creditworthiness of customers based on their financial condition, past experiences and other factors.</font></div><div style="margin-top:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The carrying amounts of financial assets represent their maximum exposure to credit risk. </font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The maximum exposure to credit risk of the Company as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.078%"><tr><td style="width:1.0%"></td><td style="width:39.425%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.863%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.716%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.477%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:1.901%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.742%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Cash and cash equivalents</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">64,263,198&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">32,157,091</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Short-term financial instruments</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">278,000,000&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">249,000,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts receivable, net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">35,651,270&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">31,529,998</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other receivables, net</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,290,165&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">995,094</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other current financial assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,897,585&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,476,977</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Oher non-current financial assets</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,999,836&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,164,926</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:3.27pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">389,102,054&#160;</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">319,324,086</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Cash and cash equivalents and short-term financial instruments are deposited in financial institutions with strong credit ratings. Accounts receivable is mainly due from payment processing companies and platform service providers, which the Company believes have low levels of credit risk.</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">49</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">23</font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">. </font><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">Financial Risk Management, Continued</font></div><div style="padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(4) Liquidity Risk</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Liquidity risk management includes the maintenance of sufficient cash and marketable securities, the availability of funds from appropriately committed credit lines, and the ability to settle market positions. The cash flows included in the maturity classification, based on the remaining period to the contractual maturity date, are undiscounted expected cash outflows. The amount due within 12 months is the same as the carrying amount since the effect of the discount is not material. The following table summarizes the financial liabilities of the Company by maturity according to the remaining period from the end of the reporting period to the contractual maturity date.</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:16.945%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.057%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.303%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.303%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.003%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.328%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.003%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.188%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="51" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Carrying<br>value</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Less than</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">3 months</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">3 months to </font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">1 year</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">1 to 2 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2 to 4 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts payable</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.93pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">18,813,618</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">18,418,510</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">175,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.03pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">220,108</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.57pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">18,813,618</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other liabilities (*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:85.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.93pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">5,523,852</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">513,629</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,500,742</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.03pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,374,064</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.57pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,431,004</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">5,819,439</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.93pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">24,337,470</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">18,932,139</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:13.37pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,675,742</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.03pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,594,172</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.57pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,431,004</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">24,633,057</font></div></td></tr></table></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font><br></font></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Other liabilities as of December 31, 2024 consist of lease deposits received and lease liabilities.</font></div><div><font><br></font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:16.945%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.057%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.303%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.303%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.003%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.328%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.003%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.478%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.401%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.188%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="51" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Carrying<br>value</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Less than</font></div><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">3 months</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">3 months to </font></div><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">1 year</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">1 to 2 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2 to 3 years</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-0.88pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Total</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Accounts payable</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.93pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">21,200,694</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:2.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">20,338,174</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">185,000</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.03pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">677,520</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.57pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">21,200,694</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Other liabilities (*)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:85.37pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.93pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,322,899</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:2.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">512,655</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,873,667</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.03pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">937,186</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.57pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">93,384</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">3,416,892</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:justify"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:185.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:12.97pt;padding-right:-1.93pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">24,523,593</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:2.87pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">20,850,829</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.43pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">2,058,667</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.03pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">1,614,706</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.57pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">93,384</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:0.97pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">24,617,586</font></div></td></tr></table></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font><br></font></div><div style="padding-left:29.9pt;text-align:justify;text-indent:-10.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*) Other liabilities as of December 31, 2023 consist of lease deposits received and lease liabilities.</font></div><div style="margin-bottom:12pt;margin-top:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">50</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">24. Related Party Transactions</font></div><div style="padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(1) Related parties of the Company include entities and individuals capable of exercising control or significant influence over the Company and its subsidiaries. Related parties include Gung Ho Online Entertainment, Inc. and, its subsidiaries, management and their immediate families.</font></div><div style="padding-left:28.3pt;text-align:justify;text-indent:-12.3pt"><font><br></font></div><div style="margin-bottom:12pt;padding-left:28.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Ownership interests in subsidiaries as of December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:28.35pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.078%"><tr><td style="width:1.0%"></td><td style="width:45.053%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.300%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.040%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.113%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.040%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.554%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:3pt;padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:3pt;padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Percentage of ownership (%)</font></div></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:3pt;padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="margin-top:3pt;padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-top:3pt;padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">99.53</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">70.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">70.00</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:3pt;padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">100.00</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:10pt;text-indent:18.8pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(2) Account balances with related parties</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Balances of receivables and payables with related parties as of December 31, 2024 and 2023 are as follows&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:13.207%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.402%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.402%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.213%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.851%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.402%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.854%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.797%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.402%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.402%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.155%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.007%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">December 31, 2023</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Payables</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Receivables</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Payables</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.32pt;padding-right:0.32pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;3,240,472&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,755&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,839,847</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,685</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.32pt;padding-right:0.32pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;573&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;97,210&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,380</font></div></td></tr><tr style="height:12pt"><td colspan="3" rowspan="8" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,210,555&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;154,346&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,079,218</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">559,178</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;245,600&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;1,617,933&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:1.87pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">364,676</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,020,207</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;684,193&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;889,384&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,214,755</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,217,102</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;65,658&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;19,385&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">26,426</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">47,333</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,764,723&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;194,022&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,818,381</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">266,354</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;104,986&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;490,422&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">31,145</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">360,322</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;1,377,730&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;4,213&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,804,745</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,213</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;5,711,693&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;921&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,322,583</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">921</font></div></td></tr><tr><td colspan="12" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:0.32pt;padding-right:0.32pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,406,183</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;3,470,591</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,501,776</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,479,695</font></div></td></tr></table></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">51</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">24. Related Party Transactions, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-indent:-1.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Transactions with related parties</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The details of transactions with related parties for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.153%"><tr><td style="width:1.0%"></td><td style="width:15.195%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.486%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:33.891%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.486%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.502%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.479%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.486%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.000%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.657%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.220%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.486%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.490%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="18" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Revenues</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">16,550,535</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">559</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,471,468</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">20,988</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,983</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:5.47pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">363,144</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd. (*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,127,565</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,298,095</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">127,887</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,108</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd. (*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,923,077</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10,794,544</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">736,752</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,048</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">9,818,028</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,640</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited(*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,655,315</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">23,418,562</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="12" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">67,421,169</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">43,932,129</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:14pt"><td colspan="12" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="18" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="6" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Purchases</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,946</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,326</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,331</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">790,694</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,949</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,293,146</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">6,623</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd. </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">3,311,719</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">81,750</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,553,230</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,966,937</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#160;-&#160;</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="12" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">92,326</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">14,030,539</font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,084,786</font></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div style="padding-left:16pt"><font><br></font></div><div><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">52</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">24. Related Party Transactions, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-indent:-1.8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(3) Transactions with related parties, Continued</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.868%"><tr><td style="width:1.0%"></td><td style="width:14.576%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.873%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.460%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.460%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.091%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.460%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.955%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.625%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.956%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.936%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.460%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.460%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.463%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="18" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="9" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Revenues</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">17,681,836</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10,162,095</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">32,894</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">42,120</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">311,317</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd. (*1)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,002,717</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,237,904</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">126,912</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">7,346,201</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">164,040</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">10,032</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">32,100,244</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">8,427</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,285,067</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,841</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr><tr><td colspan="15" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">89,747,192</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">12,766,455</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:133%">&#12288;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td></tr></table></div><div style="padding-left:28.85pt;text-align:justify;text-indent:-9.65pt"><font><br></font></div><div style="padding-left:36.7pt;text-indent:-20.7pt"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.576%"><tr><td style="width:1.0%"></td><td style="width:14.786%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.468%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.354%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.468%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.468%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.411%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.281%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.468%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.970%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.636%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.110%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.476%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-style:italic;font-weight:400;line-height:133%">)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="18" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-1.93pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="21" style="border-bottom:0.5pt solid #000000;border-right:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Purchases</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt;text-indent:1.1pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.88pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Royalty</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Commission</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.93pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">Other</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:3.27pt;padding-right:-2.63pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Parent company</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">15,379</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Others</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">GungHo Online Entertainment America</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">54,884</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr style="height:12pt"><td colspan="3" rowspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-2.63pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Interactive, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,582,796</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">21,293</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">435</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,889,364</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">5,780</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Communications Co., Ltd. </font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">4,584,439</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">PT. Gravity Game Link</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">151,217</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">60,685</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,124,873</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,066,412</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Hub PTE., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.93pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-2.63pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:0.67pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Gravity Game Vision Limited</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.67pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="6" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td><td colspan="6" style="border-bottom:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="15" style="padding:0 1pt"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-right:-0.28pt;text-align:center;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">55,319</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-right:0.97pt;text-indent:1.25pt"><font><br></font></div></td><td colspan="3" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">14,393,374</font></div></td><td colspan="6" style="border-bottom:2pt double #000000;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:0.97pt;text-align:right;text-indent:1.25pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,108,864</font></div></td></tr></table></div><div style="margin-bottom:12pt;padding-left:36.7pt;text-align:justify;text-indent:-20.7pt"><font><br></font></div><div style="padding-left:36.7pt;text-indent:-20.7pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(*1) Other Revenues include dividend income of </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">43,120,174 thousand and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">12,072,740 thousand  received in 2024 and 2023, respectively.</font></div><div style="padding-left:28.1pt;text-indent:-14.2pt"><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="margin-bottom:12pt"><font><br></font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">53</font></div></div></div><hr style="page-break-after:always"><div style="min-height:106.56pt;width:100%"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">GRAVITY CO., LTD.</font></div><div><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:120%">Notes to the Separate Financial Statements</font></div><div><font><br></font></div><div style="margin-bottom:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the years ended December 31, 2024 and 2023</font></div></div><div style="margin-bottom:12pt;text-align:justify"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:133%">24. Related Party Transactions, Continued</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(4) Other transactions with related parties</font></div><div style="margin-bottom:12pt;padding-left:16pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">Other transactions with related parties for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:21.3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:68.475%"><tr><td style="width:1.0%"></td><td style="width:13.994%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.215%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.749%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.215%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.305%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.215%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.215%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.647%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Investments</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:1.82pt;padding-right:1.82pt;text-align:center;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Related party</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">Name of entity</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:133%">2023</font></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-0.18pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Subsidiaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.87pt;padding-right:-1.23pt;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Game Arise Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;7,102,180&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">8,718,900</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.87pt;padding-right:-1.23pt;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity NeoCyon, Inc.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,999,994&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td></tr><tr><td colspan="3" style="padding:0 1pt"><div style="padding-right:-0.18pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.87pt;padding-right:-1.23pt;text-indent:-4pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">Gravity Game Tech Co., Ltd.</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;3,723,000&#160;</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:0.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:0.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:133%">-</font></div></td></tr></table></div><div style="margin-top:12pt;padding-left:16pt;text-align:justify"><font><br></font></div><div style="margin-bottom:12pt;padding-left:14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">(5) Key management personnel compensation</font></div><div style="margin-bottom:12pt;padding-left:16pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:133%">The compensation given to key management personnel (registered directors) for the years ended December 31, 2024 and 2023 are as follows&#58;</font></div><div style="padding-left:17pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:66.052%"><tr><td style="width:1.0%"></td><td style="width:30.929%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.755%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.234%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.794%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.244%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.017%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.027%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:133%">(In thousands of won)</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-right:-1.23pt;text-align:center"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:-1.23pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2024</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.32pt;padding-right:2.32pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:133%">2023</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">Salaries</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%;text-decoration:line-through">W</font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">2,184,113</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:5.87pt;padding-right:-1.23pt"><font><br></font></div></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:5.87pt;padding-right:-1.23pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:133%">1,654,463</font></div></td><td colspan="3" style="padding:0 1pt"><div style="padding-left:12.97pt;padding-right:-1.23pt"><font><br></font></div></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:12pt;text-indent:2.7pt"><font style="color:#002060;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:145%">25. Subsequent Event</font></div><div style="margin-bottom:12pt;padding-left:14.2pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:145%">Gravity Game Unite SDN. BHD, a 100%-owned subsidiary was established in Malaysia on March 12, 2025.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="height:47.52pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">54</font></div></div></div></body></html>
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</DOCUMENT>
</SEC-DOCUMENT>
