v3.25.1
General Information
 12 Months Ended
Dec. 31, 2024
General Information [Abstract]  
General Information General Information
The Parent Company

GRAVITY CO., LTD. (“the Parent Company”) was incorporated on April 4, 2000, to engage in developing and publishing online and mobile games and other related business. The Parent Company’s headquarter is located at 15F, 396 World Cup buk-ro, Mapo-gu, Seoul, Korea. The Parent Company’s principal game product, “Ragnarok”, a massive multi-player online role-playing game, was commercially launched in August 2002, and currently operated internationally in 91 markets. Also, the Parent Company has been operating Mobile games such as Ragnarok M: Eternal Love, Ragnarok Origin, Ragnarok X: Next Generation and THE RAGNAROK(Ragnarok: Novice Hearts) in the global market.

On February 8, 2005, the Parent Company listed its shares on the Nasdaq Stock Market in the United States, and issued 1,400,000 shares of common stocks in the form of American Depositary shares (“ADSs”) under the symbol “GRVY”.
As of December 31, 2024, the Parent Company’s total paid-in capital amounts to Korean Won("Won") 3,474 million. The Parent Company’s major shareholders and their respective percentage of ownership as of December 31, 2024 are as follows:
Number of sharesOwnership (%)
GungHo Online Entertainment, Inc.4,121,737 59.31 
Others2,827,163 40.69 
6,948,900 100.00 
Consolidated Subsidiaries
Details of the consolidated subsidiaries as of December 31, 2024 and 2023 are as follows:
Percentage of
ownership (%)
SubsidiaryLocation20242023Fiscal year endMain business
Gravity Interactive, Inc.U.S.A.100.00 100.00 DecemberOnline and mobile game services
Gravity NeoCyon, Inc. (*)
Korea100.00 99.53 DecemberMobile game development and service
Gravity Communications Co.,Ltd.Taiwan100.00 100.00 DecemberOnline and mobile game services
PT. Gravity Game LinkIndonesia70.00 70.00 DecemberOnline and mobile game services
Gravity Game Tech Co.,Ltd.Thailand100.00 100.00 DecemberOnline and mobile game services
Gravity Game Arise Co., Ltd.Japan100.00 100.00 DecemberOnline and mobile game services
Gravity Game Hub PTE., Ltd.Singapore100.00 100.00 DecemberOnline and mobile game services
Gravity Game Vision Limited.Hong Kong100.00 100.00 DecemberOnline and mobile game services

(*) The Parent Company acquired an additional 0.47% ownership of Gravity NeoCyon, Inc. during the year ended December 31, 2024.
Condensed Financial Information of Subsidiaries
Details of the condensed financial information of subsidiaries as of and for the year ended December 31, 2024 and 2023 are as follows:
2024
SubsidiariesTotal
assets(*)		Total
liabilities(*)		Revenue(*)Profit(loss)
For the
year(*)
(In millions of Korean won)
Gravity Interactive, Inc.₩28,078 ₩16,855 ₩39,938 ₩74 
Gravity NeoCyon, Inc.15,000 4,281 20,316 1,771 
Gravity Communications Co., Ltd.27,121 6,687 35,189 1,754 
PT Gravity Game Link2,693 367 1,476 (51)
Gravity Game Tech Co., Ltd.72,123 23,780 48,771 6,860 
Gravity Game Arise Co., Ltd.7,712 1,192 5,574 (6,237)
Gravity Game Hub PTE., Ltd.68,728 13,684 89,257 13,815 
Gravity Game Vision Limited72,468 26,756 160,067 21,946 
(*) Amount before eliminating the intercompany transactions.

2023
SubsidiariesTotal
assets(*)		Total
liabilities(*)		Revenue(*)Profit(loss)
For the
year(*)
(In millions of Korean won)
Gravity Interactive, Inc.₩23,445 ₩13,671 ₩49,818 ₩1,113 
Gravity NeoCyon, Inc.11,747 5,784 19,408 (1,270)
Gravity Communications Co., Ltd.35,754 9,227 33,122 10,116 
PT Gravity Game Link2,461 303 2,234 (103)
Gravity Game Tech Co., Ltd.50,672 8,081 30,604 11,308 
Gravity Game Arise Co., Ltd.7,058 1,683 3,807 (5,393)
Gravity Game Hub PTE., Ltd.74,229 37,718 287,950 34,160 
Gravity Game Vision Limited51,811 10,753 145,653 23,547 
(*) Amounts before eliminating the intercompany transactions.