Intangible assets and goodwill (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Intangible Assets And Goodwill |
|
| Schedule of intangible assets |
| Schedule of intangible assets |
|
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|
December 31, 2025 |
|
| |
|
|
|
Book value |
|
|
Accumulated
amortization |
|
|
Accumulated
impairment |
|
|
Carrying
amount |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Software |
|
₩ |
|
|
273,500 |
|
|
|
(214,667 |
) |
|
|
- |
|
|
|
58,833 |
|
| Brand |
|
|
|
|
5,388,000 |
|
|
|
(1,234,750 |
) |
|
|
- |
|
|
|
4,153,250 |
|
| Crypto assets |
|
|
|
|
13,823,661 |
|
|
|
- |
|
|
|
(2,692,396 |
) |
|
|
11,131,265 |
|
| Contents IP |
|
|
|
|
2,113,318 |
|
|
|
(278,570 |
) |
|
|
- |
|
|
|
1,834,748 |
|
| Goodwill |
|
|
|
|
190,807,972 |
|
|
|
- |
|
|
|
(130,190,941 |
) |
|
|
60,617,031 |
|
| Total |
|
₩ |
|
|
212,406,452 |
|
|
|
(1,727,987 |
) |
|
|
(132,883,337 |
) |
|
|
77,795,128 |
|
| |
|
|
|
December 31, 2024 |
|
| |
|
|
|
Book value |
|
|
Accumulated
amortization |
|
|
Carrying
amount |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Software |
|
₩ |
|
|
487,309 |
|
|
|
(376,372 |
) |
|
|
110,937 |
|
| Brand |
|
|
|
|
5,388,000 |
|
|
|
(965,350 |
) |
|
|
4,422,650 |
|
| Goodwill |
|
|
|
|
3,267,730 |
|
|
|
- |
|
|
|
3,267,730 |
|
| Total |
|
₩ |
|
|
9,143,039 |
|
|
|
(1,341,722 |
) |
|
|
7,801,317 |
|
|
| Schedule of changes on intangible assets |
| Schedule of changes on intangible
assets |
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|
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| |
|
|
|
2025 |
|
| |
|
|
|
Software |
|
|
Brand |
|
|
Goodwill |
|
|
Crypto assets |
|
|
Contents IP |
|
|
Total |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Beginning balance |
|
₩ |
|
|
110,937 |
|
|
|
4,422,650 |
|
|
|
3,267,730 |
|
|
|
- |
|
|
|
- |
|
|
|
7,801,317 |
|
| Changes in scope of consolidation |
|
|
|
|
- |
|
|
|
|
|
|
|
191,659,072 |
|
|
|
- |
|
|
|
2,113,319 |
|
|
|
193,772,391 |
|
| Acquisition |
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
13,823,661 |
|
|
|
- |
|
|
|
13,823,661 |
|
| Amortization |
|
|
|
|
(52,104 |
) |
|
|
(269,400 |
) |
|
|
- |
|
|
|
- |
|
|
|
(278,571 |
) |
|
|
(600,075 |
) |
| Impairment |
|
|
|
|
- |
|
|
|
- |
|
|
|
(129,071,743 |
) |
|
|
(2,897,921 |
) |
|
|
- |
|
|
|
(131,969,664 |
) |
| Other (*) |
|
|
|
|
- |
|
|
|
- |
|
|
|
(5,238,028 |
) |
|
|
205,525 |
|
|
|
- |
|
|
|
(5,032,503 |
) |
| Ending balance |
|
₩ |
|
|
58,833 |
|
|
|
4,153,250 |
|
|
|
60,617,031 |
|
|
|
11,131,265 |
|
|
|
1,834,748 |
|
|
|
77,795,128 |
|
| (*) |
Other includes effects of changes in foreign currency exchange rates and others. |
| |
|
|
|
2024 |
|
| |
|
|
|
Software |
|
|
Brand |
|
|
Goodwill |
|
|
Total |
|
| |
|
|
|
(In thousands of Korean Won) |
|
| Beginning balance |
|
₩ |
|
|
197,547 |
|
|
|
4,692,050 |
|
|
|
3,267,730 |
|
|
|
8,157,327 |
|
| Amortization |
|
|
|
|
(86,610 |
) |
|
|
(269,400 |
) |
|
|
- |
|
|
|
(356,010 |
) |
| Ending balance |
|
₩ |
|
|
110,937 |
|
|
|
4,422,650 |
|
|
|
3,267,730 |
|
|
|
7,801,317 |
|
| |
|
|
|
2023 |
|
| |
|
|
|
Software |
|
|
Brand |
|
|
Goodwill |
|
|
Total |
|
| |
|
|
|
(In thousands of Korean Won) |
|
| Beginning balance |
|
₩ |
|
|
290,947 |
|
|
|
4,961,450 |
|
|
|
3,267,730 |
|
|
|
8,520,127 |
|
| Amortization |
|
|
|
|
(93,400 |
) |
|
|
(269,400 |
) |
|
|
- |
|
|
|
(362,800 |
) |
| Ending balance |
|
₩ |
|
|
197,547 |
|
|
|
4,692,050 |
|
|
|
3,267,730 |
|
|
|
8,157,327 |
|
|
| Schedule of amortization in the statements of comprehensive income |
| Schedule of amortization in the statements of comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Selling, general and administrative expenses |
|
₩ |
|
|
600,074 |
|
|
|
356,010 |
|
|
|
362,800 |
|
|
| Schedule of changes in crypto assets |
| Schedule of changes in crypto assets | | |
|
| |
| | | |
|
2025 | |
| | | |
|
Beginning
Balance | | |
Acquisition | | |
Disposal | | |
Ending
Balance | |
| Bitcoin(Quantity) | | |
|
| - | | |
| 88 | | |
| - | | |
| 88 | |
The Company acquired
Bitcoin using proceeds obtained from the issuance of convertible notes to Anson Investments Master Fund LP and Anson East Master
Fund LP. Pursuant to the terms of such convertible note agreements, all BTC held by the Company has been pledged as collateral to
secure its obligations thereunder.
Details of the changes in crypto assets for the year ended December 31, 2025 are as follows:
| |
|
|
|
2025 |
|
| |
|
|
|
Beginning
Balance |
|
|
Acquisition |
|
|
Impairment |
|
|
Other |
|
|
Ending
Balance |
|
| |
|
|
|
(In thousands of Korean Won) |
|
| Bitcoin |
|
₩ |
|
|
- |
|
|
|
13,823,661 |
|
|
|
(2,897,921 |
) |
|
|
205,525 |
|
|
|
11,131,265 |
|
|
| Schedule of intangible assets and goodwill |
| Schedule of intangible assets and
goodwill |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2025 |
|
| |
|
|
|
Ending Balance
(Before impairment) |
|
|
Impairment |
|
|
Ending Balance
(After impairment) |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Play F&B Co., Ltd. |
|
₩ |
|
|
3,267,730 |
|
|
|
- |
|
|
|
3,267,730 |
|
| K Enter Holdings |
|
|
|
|
168,379,183 |
|
|
|
(126,619,936 |
) |
|
|
41,759,247 |
|
| The Lamp |
|
|
|
|
7,188,900 |
|
|
|
- |
|
|
|
7,188,900 |
|
| Bidangil |
|
|
|
|
3,322,966 |
|
|
|
(1,504,472 |
) |
|
|
1,818,494 |
|
| Apeitda |
|
|
|
|
3,558,388 |
|
|
|
(1,852,687 |
) |
|
|
1,705,701 |
|
| Anseilen |
|
|
|
|
2,303,422 |
|
|
|
- |
|
|
|
2,303,422 |
|
| Solaire |
|
|
|
|
2,787,383 |
|
|
|
(213,846 |
) |
|
|
2,573,537 |
|
| Total |
|
₩ |
|
|
190,807,972 |
|
|
|
(130,190,941 |
) |
|
|
60,617,031 |
|
|
| Schedule of impairment assessment |
| Schedule of impairment
assessment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2025 |
|
| |
|
Discount rate |
|
|
Terminal
growth rate |
|
|
|
|
Carrying
amount |
|
|
Recoverable
amount |
|
| |
|
(In thousands of Korean won) |
|
| Play F&B Co., Ltd. |
|
|
9.6 |
% |
|
|
1.0 |
% |
|
₩ |
|
|
8,846,956 |
|
|
|
9,664,293 |
|
| K Enter Holdings |
|
|
11.1 |
% |
|
|
1.0 |
% |
|
|
|
|
171,674,366 |
|
|
|
45,054,431 |
|
| The Lamp |
|
|
11.1 |
% |
|
|
1.0 |
% |
|
|
|
|
7,496,511 |
|
|
|
10,873,435 |
|
| Bidangil |
|
|
11.1 |
% |
|
|
1.0 |
% |
|
|
|
|
4,210,862 |
|
|
|
2,706,389 |
|
| Apeitda |
|
|
11.1 |
% |
|
|
1.0 |
% |
|
|
|
|
3,804,173 |
|
|
|
1,951,487 |
|
| Anseilen |
|
|
11.1 |
% |
|
|
1.0 |
% |
|
|
|
|
1,600,604 |
|
|
|
1,812,626 |
|
| Solaire |
|
|
11.1 |
% |
|
|
1.0 |
% |
|
|
|
|
4,668,736 |
|
|
|
4,454,890 |
|
|
| Schedule of terminal growth rate |
| Schedule of terminal growth rate
| |
| | |
| |
| December 31, 2025 | |
0.5% Increase | | |
0.5% Decrease | |
| Discount rate | |
| (-) 7.9 | % | |
| 8.7 | % |
| Terminal growth rate | |
| 5.0 | % | |
| (-) 4.5 | % |
|