| Capital and reserves |
26. Capital and reserves
Details of share capital and share premium as of December 31, 2025 and 2024 are as follows:
| Schedule of share capital | |
| | | |
| | |
| | |
December 31, 2025 | | |
December 31,
2024 | |
| | |
(In Korean won and US Dollar and number of shares) | |
| Number of authorized shares | |
| 1,000,000,000 | | |
| 1,000,000,000 | |
| Value per share | |
USD$ | 0.0001 | | |
USD$ | 0.0001 | |
| Number of shares issued | |
| 64,221,209 | | |
| 8,777,645 | |
| Common shares (USD) | |
USD$ | 6,422.12 | | |
USD$ | 877.76 | |
| Common shares (KRW) | |
KRW | 9,076,295 | | |
KRW | 1,226,196 | |
Holders of these shares are entitled to dividends as declared from time to time and are entitled to one vote per share at general meetings of the Company.
Details of treasury shares for the years ended December 31, 2025, 2024 and 2023 are as follows:
| Schedule of treasury shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
Number of
shares |
|
|
Carrying
amount |
|
|
Number of
shares |
|
|
Carrying
amount |
|
|
Number of
shares |
|
|
Carrying
amount |
|
| |
|
|
|
(In Korean won and number of shares) |
|
| Beginning balance (*1) |
|
₩ |
|
|
- |
|
|
|
- |
|
|
|
15,582 |
|
|
|
27,128,262 |
|
|
|
- |
|
|
|
- |
|
| Business Combination (*2) |
|
|
|
|
160,000 |
|
|
|
588,099 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Acquisition |
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
15,582 |
|
|
|
27,128,262 |
|
| Ending balance |
|
₩ |
|
|
160,000 |
|
|
|
588,099 |
|
|
|
15,582 |
|
|
|
27,128,262 |
|
|
|
15,582 |
|
|
|
27,128,262 |
|
| (*1) | As the accounting acquirer, Play Company Co., Ltd. held 15,582
shares of its own stock prior to the acquisition merger. Upon completion of the merger, these treasury shares were retired and reclassified
as other capital surplus. |
| (*2) | As a result of the Acquisition Merger, the common shares of
KWM held by K Enter were recognized as treasury shares. |
| B. | Share premium and Other components of equity |
| Schedule of Share premium and Other components of equity |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Share premium |
|
|
|
|
|
|
|
|
|
|
| Capital surplus (*1) |
|
₩ |
|
|
205,980,674 |
|
|
|
- |
|
| Other components of equity |
|
|
|
|
|
|
|
|
|
|
| Other capital surplus (*2) |
|
|
|
|
(52,485,618 |
) |
|
|
(746,300 |
) |
| Remeasurements of defined benefit liability |
|
|
|
|
443,827 |
|
|
|
181,516 |
|
| Treasury shares |
|
|
|
|
(588,099 |
) |
|
|
(27,128,262 |
) |
| Foreign currency translation differences |
|
|
|
|
(4,890,859 |
) |
|
|
- |
|
| Total |
|
₩ |
|
|
(57,520,749 |
) |
|
|
(27,693,046 |
) |
| (*1) | Among the costs incurred in connection with the reincorporation
merger and acquisition merger, those specifically related to the share exchange and issuance for the existing shareholders of K Enter
were accounted for as a deduction from equity. The amount recognized as a deduction from equity Korean Won 2,769,995 thousand. |
| (*2) | During the period, treasury shares amounting to Korean Won 27,128,262
thousand were retired and reclassified as a result of a completion of the merger. In addition, shares amounting to Korean Won 9,943,731
thousand related to the conversion of convertible bonds, which have not yet been issued, were recognized. |
|