Summary of Intangible Assets |
Details of intangible assets as of December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (In millions of Korean Won) | | Acquisition price | | Accumulated amortization(*) | | Book Amount | Software | ₩ | 16,536 | | | ₩ | (14,752) | | | ₩ | 1,784 | | Industrial property rights | 1,746 | | | (863) | | | 883 | | License fee | 9,087 | | | (4,725) | | | 4,362 | | Other intangible assets | 1,109 | | | (1,081) | | | 28 | | Total | ₩ | 28,478 | | | ₩ | (21,421) | | | ₩ | 7,057 | |
| | | | | | | | | | | | | | | | | | | December 31, 2023 | | (In millions of Korean Won) | | Acquisition price | | Accumulated amortization(*) | | Book Amount | Software | ₩ | 17,567 | | | ₩ | (14,787) | | | ₩ | 2,780 | | Industrial property rights | 1,376 | | | (750) | | | 626 | | License fee | 8,510 | | | (5,832) | | | 2,678 | | Other intangible assets | 1,367 | | | (1,081) | | | 286 | | Total | ₩ | 28,820 | | | ₩ | (22,450) | | | ₩ | 6,370 | |
(*)Accumulated amortization includes the amount of accumulated impairment loss.
|
Summary of Changes in Intangible Assets |
Changes in intangible assets for the years ended December 31, 2024, 2023 and 2022 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | Software | | Industrial property rights | | License fee | | Other intangible assets | | Total | | (In millions of Korean won) | Beginning balance | ₩ | 2,780 | | | ₩ | 626 | | | ₩ | 2,678 | | | ₩ | 286 | | | ₩ | 6,370 | | Acquisitions/Capital expenditure | 379 | | | 369 | | | 3,755 | | | 3 | | | 4,506 | | Amortization | (1,382) | | | (112) | | | (1,717) | | | — | | | (3,211) | | Disposals | — | | | — | | | — | | | (3) | | | (3) | | Reclassification | — | | | — | | | 258 | | | (258) | | | — | | Impairment(*) | — | | | — | | | (615) | | | — | | | (615) | | Foreign exchange differences | 7 | | | — | | | 3 | | | — | | | 10 | | Ending balance | ₩ | 1,784 | | | ₩ | 883 | | | ₩ | 4,362 | | | ₩ | 28 | | | ₩ | 7,057 | |
(*)The Group recognized Won 615 million of impairment loss as carrying amount of the other intangible assets exceeded recoverable amount as of December 31, 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 | | Software | | Industrial property rights | | License fee | | Other intangible assets | | Total | | (In millions of Korean won) | Beginning balance | ₩ | 1,938 | | | ₩ | 545 | | | ₩ | 1,351 | | | ₩ | 35 | | | ₩ | 3,869 | | Acquisitions/Capital expenditure | 2,136 | | | 170 | | | 3,886 | | | 263 | | | 6,455 | | Amortization | (1,296) | | | (83) | | | (1,027) | | | — | | | (2,406) | | Disposals | — | | | (6) | | | — | | | (12) | | | (18) | | Impairment(*) | — | | | — | | | (1,531) | | | — | | | (1,531) | | Foreign exchange differences | 2 | | | — | | | (1) | | | — | | | 1 | | Ending balance | ₩ | 2,780 | | | ₩ | 626 | | | ₩ | 2,678 | | | ₩ | 286 | | | ₩ | 6,370 | |
(*)The Group recognized Won 1,531 million of impairment loss as carrying amount of the license exceeded recoverable amount as of December 31, 2023. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2022 | | Software | | Industrial property rights | | License fee | | Other intangible assets | | Total | | (In millions of Korean won) | Beginning balance | ₩ | 1,264 | | | ₩ | 483 | | | ₩ | 1,430 | | | ₩ | 165 | | | ₩ | 3,342 | | Acquisitions/Capital expenditure | 1,856 | | | 138 | | | 747 | | | — | | | 2,741 | | Amortization | (1,184) | | | (71) | | | (538) | | | (124) | | | (1,917) | | Disposals | — | | | (5) | | | — | | | (5) | | | (10) | | Impairment(*) | — | | | — | | | (293) | | | — | | | (293) | | Foreign exchange differences | 2 | | | — | | | 5 | | | (1) | | | 6 | | Ending balance | ₩ | 1,938 | | | ₩ | 545 | | | ₩ | 1,351 | | | ₩ | 35 | | | ₩ | 3,869 | |
(*)The Group recognized Won 293 million of impairment loss as carrying amount of the license exceeded recoverable amount as of December 31, 2022.
|
Summary of Classification of Amortization in Statements of Comprehensive Income |
Classification of amortization in the statements of comprehensive income for the years ended December 31, 2024, 2023 and 2022 are as follows: | | | | | | | | | | | | | | | | | | | 2024 | | 2023 | | 2022 | | (In millions of Korean won) | Cost of revenues | ₩ | 936 | | | ₩ | 708 | | | ₩ | 719 | | Selling, general and administrative expenses | 1,747 | | | 1,340 | | | 1,155 | | Research and development | 528 | | | 358 | | | 43 | | Total | ₩ | 3,211 | | | ₩ | 2,406 | | | ₩ | 1,917 | |
|