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General Information
 12 Months Ended
Dec. 31, 2021
General Information [Abstract]  
General Information General Information
The Parent Company
GRAVITY CO., LTD. (“the Parent Company”) was incorporated on April 4, 2000, to engage in developing and publishing online and mobile games and other related business. The Parent Company’s headquarter is located at 15F, 396 World Cup buk-ro, Mapo-gu, Seoul, Korea. The Parent Company’s principal game product, “Ragnarok”, a massive multi-player online role-playing game, was commercially launched in August 2002, and currently operated internationally in 91 markets. Also, the Parent Company has been operating Mobile games such as Ragnarok M: Eternal Love in the global market.
On February 8, 2005, the Parent Company listed its shares on the Nasdaq Stock Market in the United States, and issued 1,400,000 shares of common stocks in the form of American Depositary shares (“ADSs”) under the symbol “GRVY”.
As of December 31, 2021, the Parent Company’s total paid-in capital amounts to Won 3,474 million. The Parent Company’s major shareholders and their respective percentage of ownership as of December 31, 2021 are as follows:
Number of sharesOwnership (%)
GungHo Online Entertainment, Inc.4,121,737 59.31 
Others2,827,163 40.69 
6,948,900 100.00 
Consolidated Subsidiaries
Details of the consolidated subsidiaries as of December 31, 2021 and 2020 are as follows:
Percentage of
ownership (%)
SubsidiaryLocation20212020Fiscal year endMain business
Gravity Interactive, Inc.U.S.A.100.00 100.00 DecemberOnline and mobile game services
Gravity NeoCyon, Inc. Korea99.53 99.53 DecemberMobile game development and service
Gravity Communications Co.,Ltd.Taiwan100.00 100.00 DecemberOnline and mobile game services
PT. Gravity Game LinkIndonesia70.00 70.00 DecemberOnline and mobile game services
Gravity Game Tech Co.,Ltd.Thailand100.00 100.00 DecemberOnline and mobile game services
Gravity Game Arise Co., Ltd.Japan100.00 100.00 DecemberOnline and mobile game services
Gravity Game Hub PTE., Ltd.(*)Singapore100.00 — DecemberOnline and mobile game services

(*) Gravity Game Hub PTE., Ltd. was established during the year ended December 31, 2021 with 100% ownership interest held by the Parent Company.
Condensed Financial Information of Subsidiaries
Details of the condensed financial information of subsidiaries as of December 31, 2021 and 2020 are as follows:
2021
SubsidiariesTotal
assets(*)		Total
liabilities(*)		Revenue(*)Profit(loss)
For the
period(*)
(In millions of Korean won)
Gravity Interactive, Inc.₩26,385 ₩16,163 ₩79,242 ₩988 
Gravity NeoCyon, Inc.14,903 9,378 25,443 (111)
Gravity Communications Co., Ltd.33,121 9,236 33,342 9,096 
PT Gravity Game Link2,916 318 2,462 (221)
Gravity Game Tech Co., Ltd.25,591 5,666 28,346 5,496 
Gravity Game Arise Co., Ltd.3,912 2,167 3,258 159 
Gravity Game Hub PTE., Ltd2,538 722 117 (1,110)
(*) Amount before offsetting the related party transactions.
2020
SubsidiariesTotal
assets(*1)		Total
liabilities(*1)		Revenue(*1)Profit(loss)
For the
period(*1)
(In millions of Korean won)
Gravity Interactive, Inc.₩31,849 ₩23,405 ₩123,055 ₩1,138 
Gravity Entertainment Corporation (*2)— — — 8 
Gravity NeoCyon, Inc.11,069 7,422 26,368 (1,754)
Gravity Communications Co., Ltd.33,717 10,070 41,677 12,281 
PT Gravity Game Link2,185 664 4,881 (315)
Gravity Game Tech Co., Ltd.21,093 6,315 39,147 13,989 
Gravity Game Arise Co., Ltd.2,637 2,066 2,483 82 
(*1) Amount before offsetting the related party transactions.
(*2) Gravity Entertainment Corporation was liquidated during 2020 and has been excluded from subsidiary since then.