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Consolidated Statements of Cash Flows - KRW (₩)
₩ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss ₩ (1,138,660) ₩ (2,650,990)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 116,482 123,184
Pension plan expenses 216,916 237,779
Bad debt 18,255
Deferred income taxes 16,850 (9,118)
Warrants issued for professional service 614,350
Payroll offset against loan to affiliate 10,140
Foreign currency loss 6,825 (5,506)
Changes in operating assets and liabilities:    
Accounts receivable (65,998) (191,811)
Inventories (1,017) 225,090
Other current assets 16,478 3,885
Deposits 17,300 (32,702)
Accounts payable 256,997 178,964
Nontrade payables 175,562 (35,830)
Other current liabilities 45,027 (94,567)
Pension benefits payments (42,877) (146,893)
NET CASH USED IN OPERATING ACTIVITIES (380,115) (1,755,770)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Increase in loans to related parties (225,101)
Decrease in loans to related parties 164,000 213,297
Purchase of short-term financial instruments (76,000) (273,000)
Proceeds from disposals of short-term financial instruments 300,251
Purchase of property and equipment (51,424)
Purchase of intangible assets (2,395)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 388,251 (338,623)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from private placement, net 559,931 2,086,936
Drawdown of short-term borrowings 42,281 1,459,992
Repayment of short-term borrowings (480,873) (1,302,830)
Repayment of current portion of long-term debt (225,240) (120,000)
Borrowings of long-term debt 100,000 200,000
Advances from a related party 3,470
Increase in loans from related parties 188,016
Repayment of loans from related parties (210,655) (206,080)
NET CASH PROVIDED BY FINANCING ACTIVITIES (26,540) 2,121,488
Effect of exchange rate on cash and cash equivalents 35,494 (75,750)
NET INCREASE IN CASH AND CASH EQUIVALENTS 17,090 (48,655)
CASH AND CASH EQUIVALENTS- beginning of year 109,316 157,971
CASH AND CASH EQUIVALENTS- end of period 126,406 109,316
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 162,401 235,408
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Offsetting long-term debts and deposits 95,749
Conversion of redeemable convertible preferred stock to common stock 636,007
Exchange of debt for common stock 4,759,322
Refinancing of short-term borrowings ₩ 1,828,000