| Financial instruments by category |
21. Financial instruments by category
The carrying amounts of financial instruments by category as of June 30, 2026 and December 31, 2025 are as follows:
| Schedule of financial instruments by category |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
June 30,
2026 |
|
|
December 31,
2025 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Financial assets at amortized cost |
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
₩ |
|
|
312,427 |
|
|
|
335,814 |
|
| Current portion of long-term bank deposit |
|
|
|
|
- |
|
|
|
30,000 |
|
| Short-term loan receivable, net |
|
|
|
|
561,944 |
|
|
|
442,894 |
|
| Other receivables |
|
|
|
|
27,250 |
|
|
|
33,411 |
|
| Long-term bank deposit |
|
|
|
|
30,000 |
|
|
|
- |
|
| Long-term loan receivable, net |
|
|
|
|
1,958,880 |
|
|
|
1,671,780 |
|
| Long-term other receivables, net |
|
|
|
|
398 |
|
|
|
- |
|
| Other non-current financial assets |
|
|
|
|
519,945 |
|
|
|
525,042 |
|
| Total |
|
₩ |
|
|
3,410,844 |
|
|
|
3,038,941 |
|
| |
|
|
|
June 30,
2026 |
|
|
December 31,
2025 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Financial liabilities at amortized cost |
| Accounts payable - other (*) |
|
₩ |
|
|
1,755,551 |
|
|
|
1,374,936 |
|
| Bond with warrants |
|
|
|
|
3,209,760 |
|
|
|
3,265,312 |
|
| Lease liabilities |
|
|
|
|
479,785 |
|
|
|
552,631 |
|
| Short-term borrowings |
|
|
|
|
1,000,000 |
|
|
|
- |
|
| Financial liabilities at fair value through profit or loss |
| Derivative liabilities |
|
|
|
|
979,969 |
|
|
|
1,267,801 |
|
| Total |
|
₩ |
|
|
7,425,065 |
|
|
|
6,460,680 |
|
| (*) |
Accounts payable that are not financial liabilities are excluded. |
The net gains and losses by category of financial instruments for the six-month periods ended June 30, 2026 and 2025 are as follows:
| Schedule of net gains and losses by category of financial instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Six-month period ended June 30, 2026 |
|
| |
|
|
|
Financial
assets at
amortized cost |
|
|
Financial
liabilities at
amortized cost |
|
|
Financial
liabilities at
fair value through
profit or loss |
|
|
Total |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Interest income |
|
₩ |
|
|
109,493 |
|
|
|
- |
|
|
|
- |
|
|
|
109,493 |
|
| Interest expenses |
|
|
|
|
- |
|
|
|
(351,045 |
) |
|
|
- |
|
|
|
(351,045 |
) |
| Foreign currency differences |
|
|
|
|
4,899 |
|
|
|
(66,795 |
) |
|
|
- |
|
|
|
(61,896 |
) |
| Gains on disposal |
|
|
|
|
3,560 |
|
|
|
- |
|
|
|
- |
|
|
|
3,560 |
|
| Gains on valuation |
|
|
|
|
- |
|
|
|
- |
|
|
|
117,845 |
|
|
|
117,845 |
|
| Losses on repayment |
|
|
|
|
- |
|
|
|
(12 |
) |
|
|
- |
|
|
|
(12 |
) |
| Losses on valuation |
|
|
|
|
- |
|
|
|
- |
|
|
|
(57,213 |
) |
|
|
(57,213 |
) |
| Total |
|
₩ |
|
|
117,952 |
|
|
|
(417,852 |
) |
|
|
60,632 |
|
|
|
(239,268 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Six-month period ended June 30, 2025 |
|
| |
|
|
|
Financial
assets at
amortized cost |
|
|
Financial
liabilities at
amortized cost |
|
|
Financial
liabilities at
fair value through
profit or loss |
|
|
Total |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Interest income |
|
₩ |
|
|
121,109 |
|
|
|
- |
|
|
|
- |
|
|
|
121,109 |
|
| Interest expenses |
|
|
|
|
- |
|
|
|
(385,423 |
) |
|
|
- |
|
|
|
(385,423 |
) |
| Foreign currency differences |
|
|
|
|
20,439 |
|
|
|
(4,530 |
) |
|
|
- |
|
|
|
15,909 |
|
| Gains on valuation |
|
|
|
|
- |
|
|
|
- |
|
|
|
309,333 |
|
|
|
309,333 |
|
| Losses on repayment |
|
|
|
|
- |
|
|
|
(17,292 |
) |
|
|
- |
|
|
|
(17,292 |
) |
| Total |
|
₩ |
|
|
141,548 |
|
|
|
(407,245 |
) |
|
|
309,333 |
|
|
|
43,636 |
|
|
23. Financial instruments by category
The carrying amounts of financial instruments by category as of December 31, 2025 and 2024 are as follows:
| Schedule of financial instruments by category |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Financial assets at amortized cost |
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
₩ |
|
|
335,814 |
|
|
|
3,662,174 |
|
| Current portion of long-term bank deposit |
|
|
|
|
30,000 |
|
|
|
- |
|
| Short-term loan receivable, net |
|
|
|
|
442,894 |
|
|
|
214,245 |
|
| Other receivables |
|
|
|
|
33,411 |
|
|
|
202,477 |
|
| Long-term bank deposit |
|
|
|
|
- |
|
|
|
30,000 |
|
| Long-term loan receivable, net |
|
|
|
|
1,671,780 |
|
|
|
1,917,960 |
|
| Long-term other receivables, net |
|
|
|
|
- |
|
|
|
2,065 |
|
| Other non-current financial assets |
|
|
|
|
525,042 |
|
|
|
473,682 |
|
| Total |
|
₩ |
|
|
3,038,941 |
|
|
|
6,502,603 |
|
| |
|
|
|
December 31,
2025 |
|
|
December 31,
2024 |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Financial liabilities at amortized cost |
|
|
|
|
|
|
|
|
|
|
| Accounts payable - other (*) |
|
₩ |
|
|
1,374,936 |
|
|
|
996,719 |
|
| Bond with warrants, net |
|
|
|
|
3,265,312 |
|
|
|
3,519,139 |
|
| Lease liabilities |
|
|
|
|
552,631 |
|
|
|
669,032 |
|
| Financial liabilities at fair value through profit or loss |
|
|
|
|
|
|
|
|
|
|
| Derivative liabilities |
|
|
|
|
1,267,801 |
|
|
|
1,473,823 |
|
| Total |
|
₩ |
|
|
6,460,680 |
|
|
|
6,658,713 |
|
| (*) |
Accounts payable that are not financial liabilities are excluded. |
The net gains and losses by category of financial instruments for the years ended December 31, 2025 and 2024 are as follows:
| Schedule of net gains and losses by category of financial instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
2025 |
|
| |
|
|
|
Financial
assets at
amortized cost |
|
|
Financial
assets at fair
value through other
comprehensive
income |
|
|
Financial
liabilities at
amortized cost |
|
|
Financial
liabilities at
fair value through
profit or loss |
|
|
Total |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Interest income |
|
₩ |
|
|
230,557 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
230,557 |
|
| Interest expense |
|
|
|
|
- |
|
|
|
- |
|
|
|
(798,128 |
) |
|
|
- |
|
|
|
(798,128 |
) |
| Foreign currency differences |
|
|
|
|
4,205 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
4,205 |
|
| Gain on valuation |
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
455,141 |
|
|
|
455,141 |
|
| Loss on bond redemption |
|
|
|
|
- |
|
|
|
- |
|
|
|
(69,890 |
) |
|
|
- |
|
|
|
(69,890 |
) |
| Total |
|
₩ |
|
|
234,762 |
|
|
|
- |
|
|
|
(868,018 |
) |
|
|
455,141 |
|
|
|
(178,115 |
) |
| |
|
|
|
2024 |
|
| |
|
|
|
Financial
assets at
amortized cost |
|
|
Financial
assets at fair
value through other
comprehensive
income |
|
|
Financial
liabilities at
amortized cost |
|
|
Financial
liabilities at
fair value through
profit or loss |
|
|
Total |
|
| |
|
|
|
(In thousands of Korean won) |
|
| Interest income |
|
₩ |
|
|
193,012 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
193,012 |
|
| Interest expense |
|
|
|
|
- |
|
|
|
- |
|
|
|
(988,178 |
) |
|
|
- |
|
|
|
(988,178 |
) |
| Foreign currency differences |
|
|
|
|
8,501 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
8,501 |
|
| Gain on valuation |
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
667,835 |
|
|
|
667,835 |
|
| Loss on bond redemption |
|
|
|
|
- |
|
|
|
- |
|
|
|
(283,780 |
) |
|
|
- |
|
|
|
(283,780 |
) |
| Total |
|
₩ |
|
|
201,513 |
|
|
|
- |
|
|
|
(1,271,958 |
) |
|
|
667,835 |
|
|
|
(402,610 |
) |
|