Business Combinations (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of net assets acquired and liabilities recognized


		January 1, 2025 (Deemed acquisition date)
		K enter			Lamp		Bidangil		Apeitda		Anseilen			Solaire Partners		Total
		(In thousands of Korean won)
- Asset	₩
Cash and cash equivalents			490,070			863,927		1,448,485		344,537		361,234			355		3,508,608
Accounts receivable and financial assets (*1)			4,254,387			1,684,662		1,863,496		522,218		54,824			3,314,474		11,694,061
Other non-financial assets			3,128,462			2,656,784		584,523		2,279		586,011			97		6,958,156
Property and equipment including right-of-use assets			77,734			159,538		123,789		220,843		735			74,097		656,736
Intangible assets other than goodwill			-			1,306,583		806,737		-		-			-		2,113,320
Deferred tax assets			-			45,845		-		-		-			-		45,845
Deferred transaction costs			3,163,511			-		-		-		-			-		3,163,511
Others			128,491			130,057		-		-		31			135,943		394,522
Subtotal	₩		11,242,655			6,847,396		4,827,030		1,089,877		1,002,835			3,524,966		28,534,759
- Liabilities
Trade payables and other financial liabilities			8,414,624			2,040,169		911,596		19,112		17,724			1,993,839		13,397,064
Borrowings			1,420,528			1,445,453		-		-		-			207,336		3,073,317
Convertible Notes			3,920,244			-		-		-		-			-		3,920,244
Derivative liabilities			590,020			-		-		-		-			-		590,020
Contract liabilities			-			900,000		-		-		-			-		900,000
Lease liabilities			88,488			145,647		123,328		-		-			60,945		418,408
Defined benefit liabilities			-			255,006		-		121,521		7,130			152,368		536,025
Deferred tax liabilities			-			129,352		-		-		-			-		129,352
Others			294,162			428,731		88,928		122,857		1,561,219			134,899		2,630,796
Subtotal			14,728,066			5,344,358		1,123,852		263,490		1,586,073			2,549,387		25,595,226
Fair Value of Identifiable Net Assets			(3,485,411	)		1,503,038		3,703,178		826,387		(583,238	)		975,579		2,939,533

(*1)

The fair value of trade receivables acquired through the business combination is Korean Won 172 million. The contractual amount of trade receivables as of the acquisition date is Korean Won 172 million, and no trade receivables are expected to be uncollectible.

Schedule of business combinations of measurement of fair values


Assets acquired		Measurement bases
Intangible assets		The fair value is determined by projecting the future cash flows attributable to the specific intangible asset over its expected useful life, deducting contributory asset charges for the use of supporting assets, and discounting the resulting excess earnings to present value using an appropriate discount rate that reflects the risk associated with the asset.

Schedule of business combinations of goodwill


		January 1, 2025 (Deemed acquisition date)
		K enter			Lamp			Bidangil			Apeitda			Anseilen			Solaire Partners			Total
		(In thousands of Korean won)
Consideration transferred			169,012,604			7,959,688			5,310,988			3,979,845			2,005,971			3,714,183			191,983,279
Fair Value of Net Assets Attributable to the Acquired Interest			(3,485,411	)		770,789			1,988,022			421,458			(297,451	)		926,800			324,207
- Fair Value of Identifiable Net Assets			(3,485,411	)		1,503,038			3,703,178			826,387			(583,238	)		975,579			2,939,533
- Non-controlling interest			-			(732,249	)		(1,715,156	)		(404,929	)		285,787			(48,779	)		(2,615,326	)
*Goodwill (1)**	₩		172,498,015			7,188,899			3,322,966			3,558,387			2,303,422			2,787,383			191,659,072

(*1)

The goodwill of Korean Won 191,659,072 thousand arising from the acquisition is attributable to synergies expected from the combination of operations and the customer base acquired. None of the goodwill recognized is expected to be deductible for income tax purposes.