Share-based payment arrangements (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Share-based Payment Arrangements |
|
| Schedule of share option plan |
| Schedule of share option plan |
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| Grant date |
|
Number of instruments |
|
Vesting conditions |
|
Contractual life of options |
|
Type |
|
Underlying assets |
| Options granted to employees |
|
|
|
|
|
| As of June 30, 2021 |
|
400 |
|
2 years’ service from grant date and the Play F&B Co., Ltd’s
annual average Adjusted EBITDA (*1) equals or exceeds Korean Won 1,375,000 thousand at the date of exercise |
|
7 years |
|
Cash-settled |
|
Play F&B Co., Ltd’s ordinary shares |
| (*1) | Adjusted EBITDA = Operating Income +Depreciation of PP&E
+Amortization of Intangible Assets +Advertising & marketing expenses |
|
| Schedule of share option grant |
| Schedule of share option grant |
|
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| Grant date |
|
Number of instruments |
|
Vesting conditions |
|
Contractual life of options |
|
Type |
|
Underlying assets |
| Options granted to employees |
|
|
|
|
|
| As of January 3, 2025 |
|
N/A |
|
Buyer compensates Seller for any shortfall if shares sold below initial value; adjusted for gains realized/distribute up to Dec 31, 2026 |
|
3 months following 6 month lock-up expiration |
|
Cash-settled |
|
KWM shares listed on Nasdaq |
|
| Schedule of cash-settled share-based payment |
| Schedule of cash-settled share-based payment |
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| Share appreciation rights (cash-settled) |
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
| Fair value of option |
|
₩ |
|
|
7,540 |
|
|
|
54,230 |
|
| Share price |
|
|
|
|
410,136 |
|
|
|
643,735 |
|
| Exercise price |
|
₩ |
|
|
1,100,000 |
|
|
|
1,100,000 |
|
| Risk- free interest rate (based on government bonds) |
|
|
|
|
2.98 |
% |
|
|
2.71 |
% |
| Volatility (*) |
|
|
|
|
35.50 |
% |
|
|
30.00 |
% |
| (*) | Volatility has been based on an evaluation of the historical
volatility of other companies’ share price, which are listed in KOSDAQ, particularly over the historical period commensurate with
prior one year. |
|
| Schedule of measurement of the fair |
| Schedule of measurement of the fair |
|
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| Share appreciation rights (cash-settled) |
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
| Fair value of option |
|
USD |
|
|
2.19 |
|
|
|
- |
|
| Share price |
|
USD |
|
|
0.41 |
|
|
|
- |
|
| Exercise price |
|
USD |
|
|
2.6 |
|
|
|
- |
|
| Risk- free interest rate (based on government bonds) |
|
|
|
|
3.67 |
% |
|
|
- |
|
| Volatility (*) |
|
|
|
|
53.5 |
% |
|
|
- |
|
| (*) | Volatility has been based on an evaluation of the historical
volatility of other companies’ share price, which are listed in NASDAQ, particularly over the historical period commensurate with
prior one year. |
|
| Schedule of reconciliation of outstanding share options |
| Schedule of
reconciliation of outstanding share options |
|
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| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
Number of options |
|
|
|
|
Exercise price |
|
|
Number of options |
|
|
|
|
Exercise price |
|
|
Number of options |
|
|
|
|
Exercise price |
|
| |
|
(In Korean Won and number of options) |
|
| Outstanding at January 1 |
|
|
400 |
|
|
₩ |
|
|
1,100,000 |
|
|
|
400 |
|
|
₩ |
|
|
1,100,000 |
|
|
|
400 |
|
|
₩ |
|
|
1,100,000 |
|
| Outstanding at December 31 |
|
|
400 |
|
|
|
|
|
1,100,000 |
|
|
|
400 |
|
|
|
|
|
1,100,000 |
|
|
|
400 |
|
|
|
|
|
1,100,000 |
|
| Exercisable at December 31 |
|
|
- |
|
|
₩ |
|
|
- |
|
|
|
- |
|
|
₩ |
|
|
- |
|
|
|
- |
|
|
₩ |
|
|
- |
|
|
| Schedule of liabilities arising from the share option plan |
| Schedule of liabilities arising from the share option plan |
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As of
December 31,
2025 |
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|
As of
December 31,
2024 |
|
|
As of
December 31,
2023 |
|
| |
|
|
|
|
(In thousands of Korean won) |
|
| Total carrying amount of liabilities for share-based payment |
|
₩ |
|
|
25,887,338 |
|
|
|
21,692 |
|
|
|
201,819 |
|
| Total intrinsic value of liabilities for vested benefits |
|
|
|
|
- |
|
|
|
- |
|
|
|
58,933 |
|
|