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-99.2 · 13. Commitments
- Commitments
(1) The Company 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 4,159,526 thousand and W 4,160,767 thousand, respectively.
(2) As of December 31, 2024, the Company benefited from payment guarantee of USD 244,500 from KB Kookmin Bank regarding overseas IP contracts.
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