Property and Equipment

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 5 — PROPERTY AND EQUIPMENT

The components of property and equipment are as follows (in thousands of Korean Won):

	September 30, 2019			December 31, 2018
Office equipment	￦	222,071		￦	219,980
Fixtures and furniture		48,520			48,520
Other		285,113			285,112
Total, at cost		555,704			553,612
Less: Accumulated depreciation		(520,808	)		(509,388	)
		34,896			44,224
Right-of-use lease assets - operating		318,835			-
Less: Accumulated depreciation		(91,790	)		-
Right-of-use lease assets - operating, net		227,045			-
Total, net	￦	261,941		￦	44,224

Depreciation expense amounted to ￦86,997 thousand and ￦87,407 thousand for the periods ended September 30, 2019 and 2018, respectively.

Amortization expense on right-of-use lease assets amounted to ￦91,790 and nil for the periods ended September 30, 2019 and 2018, respectively