Retirement Benefits

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Retirement Benefits

Note 11. Retirement Benefits

Defined severance benefits

The following table provides the components of net periodic benefit costs (income):

	Three Months Ended						Six Months Ended
	June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
	(in thousands of USD)						(in thousands of USD)
Current service costs	$	1,320		$	2,046		$	2,684		$	4,173
Interest expense		323			374			656			761
Actuarial gain		(2,446	)		(2,547	)		(4,970	)		(5,179	)
Net periodic benefit income	$	(803	)	$	(127	)	$	(1,630	)	$	(245	)

Defined severance contribution

During the three months ended June 30, 2024 and June 30, 2023, we recognized expense of $0.6 million and $0.9 million, respectively and for the six months ended June 30, 2024 and June 30, 2023 expense of $1.9 million and $1.5 million, respectively.