Financial Risk Management (Tables)
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12 Months Ended |
Dec. 31, 2024 |
Disclosure of detailed information about financial instruments [abstract] |
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Schedule of Company's Debt to Equity Ratio |
December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | 2024 | | 2023 | | (In millions of Korean won) | Total liabilities | ₩ | 118,096 | | | ₩ | 114,453 | | Total equity | 568,363 | | | 463,728 | | Debt ratio | 21 | % | | 25 | % |
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Schedule of Financial Assets and Liabilities Exposed in Foreign Currency Risk |
The Group’s financial assets and liabilities are exposed to foreign currency risk as of December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Assets in foreign currency | | Liabilities in foreign currency | | Assets in Korean Won | | Liabilities in Korean Won | | | | | | | | | | (Individual amounts in each foreign currency) | | (In millions of Korean won) | USD | 70,136,599 | | | 29,286,354 | | | ₩ | 103,021 | | | ₩ | 43,009 | | JPY | 496,929,791 | | | 56,100,772 | | | 4,654 | | | 525 | | EUR | 27,925 | | | 32,910 | | | 43 | | | 50 | | IDR | 9,851,056 | | | 522,083,448 | | | 1 | | | 48 | | THB | 21,131 | | | — | | | 1 | | | — | | VND | 6,026,400 | | | — | | | — | | | — | | HKD | 141,271 | | | — | | | 27 | | | — | | Total | | | | | ₩ | 107,747 | | | ₩ | 43,632 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | Assets in foreign currency | | Liabilities in foreign currency | | Assets in Korean Won | | Liabilities in Korean Won | | | | | | | | | | (Individual amounts in each foreign currency) | | (In millions of Korean won) | USD | 86,681,440 | | | 28,203,218 | | | ₩ | 111,616 | | | ₩ | 36,344 | | JPY | 343,984,702 | | | 160,779,008 | | | 3,139 | | | 1,467 | | EUR | 36,780 | | | 30,472 | | | 52 | | | 43 | | IDR | 12,955,000 | | | 3,103,944 | | | 1 | | | — | | THB | 28,510 | | | 7,379 | | | 1 | | | — | | VND | 9,270,000 | | | 3,243,600 | | | — | | | — | | HKD | 144,997 | | | — | | | 24 | | | — | | Total | | | | | ₩ | 114,833 | | | ₩ | 37,854 | |
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Summary of Impact of Fluctuation in Foreign Currency Exchange Rates on Group's Profit Before Income Tax |
The impact of a 10% fluctuation in foreign currency exchange rates on the Group’s profit before income tax for the years ended December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | December 31, 2023 | | Increased by 10% | | Decreased by 10% | | Increased by 10% | | Decreased by 10% | | | | | | | | | | (In millions of Korean won) | USD | ₩ | 6,001 | | | ₩ | (6,001) | | | ₩ | 7,527 | | | ₩ | (7,527) | | JPY | 413 | | | (413) | | | 167 | | | (167) | | Others | (3) | | | 3 | | | 4 | | | (4) | | Total | ₩ | 6,411 | | | ₩ | (6,411) | | | ₩ | 7,698 | | | ₩ | (7,698) | |
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Summary of Maximum Exposure to Credit Risk |
The carrying amount of a financial asset represents the maximum exposure to credit risk. The maximum exposure to credit risk of the Group as of December 31, 2024 and 2023 are as follows. | | | | | | | | | | | | | December 31, 2024 | | December 31, 2023 | | | | | | (In millions of Korean won) | Cash and cash equivalents | ₩ | 228,898 | | | ₩ | 184,082 | | Short-term financial instruments | 324,304 | | | 277,215 | | Accounts receivable, net | 81,152 | | | 71,213 | | Other receivables, net | 16 | | | 7 | | Other current financial assets | 6,602 | | | 4,439 | | Other non-current financial assets | 1,767 | | | 1,824 | | Total | ₩ | 642,739 | | | ₩ | 538,780 | |
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Summary of Financial Liabilities by Maturity |
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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Carrying value | | Less than 3 months | | 3 months ~ 1 year | | 1~2 years | | 2~3 years | | 3~5 years | | Total | | | | | | | | | | | | | | | | (In millions of Korean won) | Accounts payable | ₩ | 63,548 | | | ₩ | 63,153 | | | ₩ | 175 | | | ₩ | 220 | | | ₩ | — | | | ₩ | — | | | ₩ | 63,548 | | Accrued expense | 313 | | | 313 | | | — | | | — | | | — | | | — | | | 313 | | Other liabilities (*) | 7,121 | | | 1,046 | | | 2,303 | | | 1,850 | | | 1,257 | | | 992 | | | 7,448 | | Total | ₩ | 70,982 | | | ₩ | 64,512 | | | ₩ | 2,478 | | | ₩ | 2,070 | | | ₩ | 1,257 | | | ₩ | 992 | | | ₩ | 71,309 | |
(*)Other liabilities as of December 31, 2024 consist of lease liabilities. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | Carrying value | | Less than 3 months | | 3 months ~ 1 year | | 1~2 years | | 2~3 years | | 3~5 years | | Total | | | | | | | | | | | | | | | | (In millions of Korean won) | Accounts payable | ₩ | 58,292 | | | ₩ | 57,430 | | | ₩ | 185 | | | ₩ | 677 | | | ₩ | — | | | ₩ | — | | | ₩ | 58,292 | | Accrued expense | 395 | | | 395 | | | — | | | — | | | — | | | — | | | 395 | | Other liabilities (*) | 6,562 | | | 1,081 | | | 3,259 | | | 1,902 | | | 476 | | | — | | | 6,718 | | Total | ₩ | 65,249 | | | ₩ | 58,906 | | | ₩ | 3,444 | | | ₩ | 2,579 | | | ₩ | 476 | | | ₩ | — | | | ₩ | 65,405 | |
(*)Other liabilities as of December 31, 2023 consist of lease liabilities.
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