GRAVITY Co., Ltd.
For the period ended Dec 31, 2025. Filed Apr 24, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Apr 24, 2026
GRVY$67.19+1.1%Stored close · as of Nov 6, 2026
Contents
Table of Contents
| CERTAIN DEFINED TERMS | 4 | |
|---|---|---|
| FORWARD-LOOKING STATEMENTS | 5 | |
| PART I | 6 | |
| ITEM 1. | IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS | 6 |
| ITEM 2. | OFFER STATISTICS AND EXPECTED TIMETABLE | 6 |
| ITEM 3. | KEY INFORMATION | 6 |
| ITEM 3.A. | Reserved | 6 |
| ITEM 3.B. | Capitalization and Indebtedness | 6 |
| ITEM 3.C. | Reasons for the Offer and Use of Proceeds | 6 |
| ITEM 3.D. | Risk Factors | 6 |
| ITEM 4. | INFORMATION ON THE COMPANY | 30 |
| ITEM 4.A. | History and Development of the Company | 30 |
| ITEM 4.B. | Business Overview | 30 |
| ITEM 4.C. | Organizational Structure | 72 |
| ITEM 4.D. | Property, Plants and Equipment | 72 |
| ITEM 4A. | Unresolved Staff Comments | 74 |
| ITEM 5. | OPERATING AND FINANCIAL REVIEW AND PROSPECTS | 74 |
| ITEM 5.A. | Operating Results | 74 |
| ITEM 5.B. | Liquidity and Capital Resources | 83 |
| ITEM 5.C. | Research and Development, Patents and Licenses, Etc. | 85 |
| ITEM 5.D. | Trend Information | 86 |
| ITEM 5.E. | Critical Accounting Estimates | 86 |
| ITEM 6. | DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES | 86 |
| ITEM 6.A. | Directors and Senior Management | 86 |
| ITEM 6.B. | Compensation | 89 |
| ITEM 6.C. | Board Practices | 89 |
| ITEM 6.D. | Employees | 92 |
| ITEM 6.E. | Share Ownership | 93 |
| ITEM 6.F. | Disclosure of a registrant’s action to recover erroneously awarded compensation | 94 |
| ITEM 7. | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS | 94 |
| ITEM 7.A. | Major Shareholders | 94 |
| ITEM 7.B. | Related Party Transactions | 94 |
| ITEM 7.C. | Interests of Experts and Counsel | 95 |
| ITEM 8. | FINANCIAL INFORMATION | 95 |
| ITEM 8.A. | Consolidated Statements and Other Financial Information | 95 |
| ITEM 8.B. | Significant Changes | 96 |
| ITEM 9. | THE OFFER AND LISTING | 96 |
| ITEM 9.A. | Offer and Listing Details | 96 |
| ITEM 9.B. | Plan of Distribution | 96 |
| ITEM 9.C. | Markets | 97 |
| ITEM 9.D. | Selling Shareholders | 97 |
| ITEM 9.E. | Dilution | 97 |
| ITEM 9.F. | Expenses of the Issue | 97 |
| ITEM 10. | ADDITIONAL INFORMATION | 97 |
| ITEM 10.A. | Share Capital | 97 |
| ITEM 10.B. | Memorandum and Articles of Incorporation | 97 |
|---|---|---|
| ITEM 10.C. | Material Contracts | 103 |
| ITEM 10.D. | Exchange Controls | 103 |
| ITEM 10.E. | Taxation | 104 |
| ITEM 10.F. | Dividends and Paying Agents | 114 |
| ITEM 10.G. | Statement by Experts | 115 |
| ITEM 10.H. | Documents on Display | 115 |
| ITEM 10.I. | Subsidiary Information | 115 |
| ITEM 11. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 115 |
| ITEM 12. | DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES | 116 |
| ITEM 12.A. | Debt Securities | 116 |
| ITEM 12.B. | Warrants and Rights | 116 |
| ITEM 12.C. | Other Securities | 116 |
| ITEM 12.D. | American Depositary Shares | 117 |
| PART II | 118 | |
| ITEM 13. | DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES | 118 |
| ITEM 14. | MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS | 118 |
| ITEM 15. | CONTROLS AND PROCEDURES | 118 |
| ITEM 16. | RESERVED | 119 |
| ITEM 16.A. | Audit Committee Financial Expert | 119 |
| ITEM 16.B. | Code of Ethics | 119 |
| ITEM 16.C. | Principal Accountant Fees and Services | 119 |
| ITEM 16.D. | Exemptions from the Listing Standards for Audit Committees | 120 |
| ITEM 16.E. | Purchases of Equity Securities by the Issuer and Affiliated Purchasers | 120 |
| ITEM 16.F. | Changes in Registrant’s Certifying Accountant | 120 |
| ITEM 16.G. | Corporate Governance | 120 |
| ITEM 16.H. | Mine Safety Disclosure | 120 |
| ITEM 16.I. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 120 |
| ITEM 16.J. | Insider Trading Policies | 120 |
| ITEM 16.K. | Cybersecurity | 120 |
| PART III | 122 | |
| ITEM 17. | FINANCIAL STATEMENTS | 122 |
| ITEM 18. | FINANCIAL STATEMENTS | 122 |
| ITEM 19. | EXHIBITS | 122 |
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