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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Tax

The provision for income taxes consisted of the following (in thousands of Korean Won):

 

    September 30, 2018     September 30, 2017  
Current   ₩ -     ₩ -  
Deferred     1,901       (37,485 )
Total   ₩ 1,901     ₩ (37,485 )

Schedule of Effective Tax Rate

The table below summarizes the differences between the Company’s effective tax rate and the statutory federal rate as follows for the nine months ended September 30, 2018 and 2017:

 

    September 30, 2018     September 30, 2017  
Income taxes at Federal statutory rate     21.00 %     34.00 %
Foreign tax rate differential     1.00 %     (12.00 )%
Change in valuation allowance     (22.00 )%     (22.00 )%
Other     -%       - %
Effective tax rate     -%       - %