Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, plant and equipment [abstract]

Details of property and equipment as of December 31, 2021 and 2020 are as follows:


	December 31, 2021
	Acquisition price		Accumulated depreciation		Book amount
	(In millions of Korean won)
Computer and other equipment	₩	6,654	₩	(5,199)	₩	1,455
Furniture and fixture	1,793		(1,413)		380
Vehicle	9		(3)		6
Leasehold improvements	1,935		(1,178)		757
Right-of-use assets	15,861		(7,121)		8,740
Total	₩	26,252	₩	(14,914)	₩	11,338


	December 31, 2020
	Acquisition price		Accumulated depreciation		Book amount
	(In millions of Korean won)
Computer and other equipment	₩	6,074	₩	(4,694)	₩	1,380
Furniture and fixture	2,038		(1,728)		310
Construction in progress	128		—		128
Vehicle	9		(1)		8
Leasehold improvements	1,160		(1,028)		132
Right-of-use assets	11,500		(5,763)		5,737
Total	₩	20,909	₩	(13,214)	₩	7,695

Summary of Changes in Property and Equipment

Changes in property and equipment for the years ended December 31, 2021, 2020 and 2019 are as follows:


	2021
	Computer and other equipment		Furniture and fixture		Construction in progress		Vehicle		Leasehold improvements		Right-of- use assets		Total
	(In millions of Korean won)
Beginning balance	₩	1,380	₩	310	₩	128	₩	8	₩	132	₩	5,737	₩	7,695
Acquisitions/Capital expenditure	712		322		—		—		753		6,319		8,106
Depreciation	(648)		(249)		—		(2)		(223)		(3,448)		(4,570)
Disposals	(15)		(3)		—		—		(44)		(63)		(125)
Reclassification	—		—		(128)		—		128		—		—
Foreign exchange differences	26		—		—		—		11		195		232
Ending balance	₩	1,455	₩	380	₩	—	₩	6	₩	757	₩	8,740	₩	11,338


	2020
	Computer and other equipment		Furniture and fixture		Construction in progress		Vehicle		Leasehold improvements		Right-of- use assets		Total
	(In millions of Korean won)
Beginning balance	₩	1,057	₩	443	₩	—	₩	—	₩	217	₩	4,946	₩	6,663
Acquisitions/Capital expenditure	850		81		128		9		3		3,784		4,855
Depreciation	(529)		(213)		—		(1)		(83)		(2,957)		(3,783)
Disposals	(1)		(1)		—		—		(2)		(13)		(17)
Foreign exchange differences	3		—		—		—		(3)		(23)		(23)
Ending balance	₩	1,380	₩	310	₩	128	₩	8	₩	132	₩	5,737	₩	7,695


	2019
	Computer and other equipment		Furniture and fixture		Leasehold improvements		Right-of-use assets		Total
	(In millions of Korean won)
Beginning balance	₩	888	₩	484	₩	126	₩	—	₩	1,498
Recognition of right-of-use assets on initial application of IFRS 16	(199)		—		—		4,453		4,254
Acquisitions	711		211		163		2,637		3,722
Depreciation	(344)		(198)		(71)		(2,135)		(2,748)
Disposals	—		(58)		(2)		(15)		(75)
Foreign exchange differences	1		4		1		6		12
Ending balance	₩	1,057	₩	443	₩	217	₩	4,946	₩	6,663

Summary of Classification Depreciation Expenses in Statements of Comprehensive Income

Classification of depreciation expenses in the statements of comprehensive income for the years ended December 31, 2021, 2020 and 2019 are as follows:


	2021		2020		2019
	(In millions of Korean won)
Cost of revenues	₩	2,102	₩	2,123	₩	1,795
Selling, general and administrative expenses	2,167		1,424		761
Research and development	301		236		192
Total	₩	4,570	₩	3,783	₩	2,748