| Equity accounted investees |
19. Equity accounted investees
| A. |
Acquisition cost of investments in associates |
Details of acquisition cost of investments in associates as of December 31, 2025 are as follows:
| Schedule of acquisition cost of investments |
|
|
|
|
|
|
|
|
| |
|
December 31, 2025 |
|
| |
|
Percentage of
Ownership (*) |
|
|
|
Acquisition
Cost |
|
| |
|
(In thousands of Korean won) |
|
| Investments in associates |
|
|
|
|
|
|
|
|
| SOLAIRE SCALE-UP MOVIE INVESTMENT
FUND NO. 1 (*) |
|
1.04% |
|
₩ |
|
|
128,601 |
|
| Solaire Culture Plus Fund (*) |
|
1.25% |
|
|
|
|
270,139 |
|
| Solaire Main Movie Fund (*) |
|
1.00% |
|
|
|
|
300,000 |
|
| SOLAIRE
SCALE-UP MOVIE INVESTMENT FUND NO. 2 (*) |
|
1.04% |
|
|
|
|
154,000 |
|
| Total |
|
|
|
₩ |
|
|
852,740 |
|
| (*) | Although the Company holds less than 20% of equity interests
in investment fund, investments in such investees were classified as investments in associates as the Company can exercise significant
influence over financial and operating policy decisions as a general partner. |
K WAVE MEDIA
LTD.
| B. |
Carrying amount of investments in associates |
Details of carrying amount of investments in associates as of December 31, 2025 are as follows:
| Schedule of carrying amount of investments |
|
|
|
|
|
|
|
|
| |
|
December 31, 2025 |
|
| |
|
Percentage of
Ownership (*) |
|
|
|
Carrying
amount |
|
| |
|
(In thousands of Korean won) |
|
| Investments in associates |
|
|
|
|
|
|
|
|
| SOLAIRE SCALE-UP MOVIE INVESTMENT
FUND NO. 1 (*) |
|
1.04% |
|
₩ |
|
|
22,657 |
|
| Solaire Culture Plus Fund (*) |
|
1.25% |
|
|
|
|
140,085 |
|
| Solaire Main Movie Fund (*) |
|
1.00% |
|
|
|
|
285,948 |
|
| SOLAIRE
SCALE-UP MOVIE INVESTMENT FUND NO. 2 (*) |
|
1.04% |
|
|
|
|
138,588 |
|
| Total |
|
|
|
₩ |
|
|
587,278 |
|
| (*) | Although the Company holds less than 20% of equity interests
in investment fund, investments in such investees were classified as investments in associates as the Company can exercise significant
influence over financial and operating policy decisions as a general partner. |
| C. |
Movement of investments in associates |
Details of the changes in investments in associates for the year ended December 31, 2025 are as follows:
| Schedule of changes in investments in associates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Changes in scope of consolidation |
|
|
Changing Account Classification
(*) |
|
|
Capital contribution |
|
|
Capital
withdrawal |
|
|
Share in the profit of associates |
|
|
December 31,
2025 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Investments in associates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SOLAIRE SCALE-UP MOVIE INVESTMENT
FUND NO. 1 |
|
|
|
|
- |
|
|
|
40,417 |
|
|
|
- |
|
|
|
(18,031 |
) |
|
|
271 |
|
|
|
22,657 |
|
| Solaire Culture Plus Fund |
|
|
|
|
- |
|
|
|
169,932 |
|
|
|
- |
|
|
|
(29,861 |
) |
|
|
15 |
|
|
|
140,086 |
|
| Solaire Main Movie Fund |
|
|
|
|
- |
|
|
|
280,331 |
|
|
|
- |
|
|
|
- |
|
|
|
5,616 |
|
|
|
285,947 |
|
| SOLAIRE
SCALE-UP MOVIE INVESTMENT FUND NO. 2 |
|
|
|
|
83,001 |
|
|
|
- |
|
|
|
66,000 |
|
|
|
- |
|
|
|
(10,413 |
) |
|
|
138,588 |
|
| Total |
|
₩ |
|
|
83,001 |
|
|
|
490,680 |
|
|
|
66,000 |
|
|
|
(47,892 |
) |
|
|
(4,511 |
) |
|
|
587,278 |
|
| (*) | Solaire reinitiated its operation from October 2025 and
regained its significant influence over 3 associates. The Company reclassified its investment assets from Long-term investment securities
to investments in associates. |
| D. |
Summary of financial information of associates |
Details of the summary of financial information of associates for the year ended December 31, 2025 are as follows:
| Schedule of financial information of associates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
December 31, 2025 |
|
| |
|
|
|
Current
assets |
|
|
Investment
asset |
|
|
Total
assets |
|
|
Current
liabilities |
|
|
Total
liabilities |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Investments in associates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOLAIRE
SCALE-UP MOVIE INVESTMENT FUND NO. 1
|
|
|
|
|
29,811 |
|
|
|
2,183,173 |
|
|
|
2,212,984 |
|
|
|
26,596 |
|
|
|
26,596 |
|
| Solaire Culture Plus Fund |
|
|
|
|
1,096,258 |
|
|
|
10,192,518 |
|
|
|
11,288,776 |
|
|
|
81,949 |
|
|
|
81,949 |
|
| Solaire Main Movie Fund |
|
|
|
|
5,555,314 |
|
|
|
23,206,869 |
|
|
|
28,762,183 |
|
|
|
167,401 |
|
|
|
167,401 |
|
|
SOLAIRE
SCALE-UP MOVIE INVESTMENT FUND NO. 2
|
|
|
|
|
626,513 |
|
|
|
13,090,940 |
|
|
|
13,717,453 |
|
|
|
413,010 |
|
|
|
413,010 |
|
| Total |
|
₩ |
|
|
7,307,896 |
|
|
|
48,673,500 |
|
|
|
55,981,396 |
|
|
|
688,956 |
|
|
|
688,956 |
|
| |
|
|
|
Year ended
December 31, 2025 |
|
| |
|
|
|
Investment
income |
|
|
Profit (Loss)
for the year |
|
|
Total Comprehensive
income |
|
| Investments in associates |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SOLAIRE
SCALE-UP MOVIE INVESTMENT FUND NO. 1
|
|
|
|
|
156,345 |
|
|
|
20,214 |
|
|
|
20,214 |
|
| Solaire Culture Plus Fund |
|
|
|
|
10,117 |
|
|
|
102,830 |
|
|
|
102,830 |
|
| Solaire Main Movie Fund |
|
|
|
|
602,000 |
|
|
|
(1,310,050 |
) |
|
|
(1,310,050 |
) |
|
SOLAIRE
SCALE-UP MOVIE INVESTMENT FUND NO. 2
|
|
|
|
|
482,154 |
|
|
|
(999,663 |
) |
|
|
(999,663 |
) |
| Total |
|
₩ |
|
|
1,250,616 |
|
|
|
(2,186,669 |
) |
|
|
(2,186,669 |
) |
|