The Group leases offices, vehicles and others. The leases typically run for a period of 1 ~5 years, with an option to renew or terminate the lease after that date. There are no restrictions or covenants imposed to leases, but the lease assets shall not be provided as collateral for borrowings.

(1)Details of right-of-use assets and lease liabilities recognized in the consolidated statements of financial position as of December 31, 2023 and 2022 are as follows:


	December 31, 2023		December 31, 2022
	(In millions of Korean won)
Right-of-use assets(*1)
Offices	₩	4,720	₩	5,067
Vehicles	368		65
Others	1,533		826
Total	₩	6,621	₩	5,958
Lease liabilities(*2)
Current	4,225		2,906
Non-current	2,337		3,057
Total	₩	6,562	₩	5,963

(*1)Right-of-use assets are included in the ‘Property and equipment’ in the consolidated statement of financial position.

(*2)Lease liabilities are included in the ‘Other current liabilities’ and ‘Other non-current liabilities’ in the consolidated statement of financial position.

(2)Changes in right-of-use assets for the years ended December 31, 2023 and 2022 are as follows:


	2023
	Offices		Vehicles		Others		Total
	(In millions of Korean won)
Balance as of January 1, 2023	₩	5,067	₩	65	₩	826	₩	5,958
Depreciation	(2,794)		(239)		(1,083)		(4,116)
Reassessment	210		52		(1)		261
Acquisitions	2,178		490		1,775		4,443
Disposals	—		—		—		—
Translation difference	59		—		16		75
Balance as of December 31, 2023	₩	4,720	₩	368	₩	1,533	₩	6,621


	2022
	Offices		Vehicles		Others		Total
	(In millions of Korean won)
Balance as of January 1, 2022	₩	6,698	₩	292	₩	1,750	₩	8,740
Depreciation	(2,549)		(231)		(1,218)		(3,998)
Reassessment	1		(52)		(13)		(64)
Acquisitions	923		55		231		1,209
Disposals	(45)		—		—		(45)
Translation difference	39		1		76		116
Balance as of December 31, 2022	₩	5,067	₩	65	₩	826	₩	5,958

(3)Details of amounts recognized in the consolidated statements of profit or loss for the years ended December 31, 2023, 2022 and 2021 are as follows:


	2023		2022		2021
	(In millions of Korean won)
Interest expense relating to lease liabilities (included in finance cost)	₩	157	₩	122	₩	111
Expense relating to short-term leases	30		45		117
Expense relating to leases of low-value assets excluding short-term leases	22		23		21

(4)Details of amounts recognized in the consolidated statements of Cash flows for the years ended December 31, 2023, 2022 and 2021 are as follows:


	2023		2022		2021
	(In millions of Korean won)
Total cash outflows of leases	₩	4,292	₩	4,107	₩	3,897