GRAVITY Co Ltd
For the period ended Apr 11, 2025. Filed Apr 11, 2025.
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Apr 11, 2025 · Filed Apr 11, 2025
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Contents
EX-99.1 · 12. Commitments
- Commitments
(1) The Group has entered into license agreements with various third-party game developers to secure exclusive right to publish the games developed by the third-party developers. Upfront license fees paid are capitalized and recognized as other intangible assets and minimum guaranteed royalties are capitalized and recognized as other non-current assets. Purchase obligations for future acquisition related to above agreements which were not recognized as liabilities as of December 31, 2024 and 2023 are W 4,835,726 thousand and W 4,941,782 thousand, respectively.
(2) As of December 31, 2024, the Group benefited from payment guarantee of USD 244,500 from KB Kookmin Bank regarding overseas IP contracts.
(3) As of December 31, 2024, the Group benefited from payment guarantee of W 518,243 thousand from Seoul Guarantee Insurance Co., Ltd.
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