Business Context and Reporting Period
This Form 6-K filing by GRAVITY Co., Ltd. reports on the results of the Annual General Meeting of Shareholders (AGM) held on March 31, 2022. The filing covers corporate governance actions and the approval of financial statements for the fiscal years ended December 31, 2021, and December 31, 2020.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It confirms that the consolidated and separate financial statements for 2021 and 2020 were approved by shareholders. These statements were prepared in accordance with Korean IFRS and audited under Korean Standards on Auditing. Detailed financial figures are contained in the attached exhibits (Exhibit 99.1 and 99.2) rather than the body of this report.
Material Changes and Governance Actions
- Financial Statement Approval: Shareholders approved the 2021 and 2020 consolidated and separate financial statements.
- Director Reappointment: Eight directors were reappointed, including five inside directors (Hyun Chul Park, Yoshinori Kitamura, Kazuki Morishita, Kazuya Sakai, Heung Gon Kim) and three independent directors (Jung Yoo, Yong Seon Kwon, Kee Woong Park).
- Executive Leadership: Following the AGM, the Board reappointed Hyun Chul Park as Chief Executive Officer and Yoshinori Kitamura as Chairman of the Board.
- Audit Committee: Messrs. Jung Yoo, Yong Seon Kwon, and Kee Woong Park were reappointed as Audit Committee members.
- Director Compensation: Shareholders approved a maximum compensation of KRW 2,500,000,000 for directors as a group for fiscal year 2022.
Outlook, Risks, and Filing Schedule
The Company expects to file the full 2021/2020 Korean IFRS consolidated and separate financial statements with the Financial Supervisory Service of Korea no later than April 14, 2022. A condensed English translation of these statements is expected to be submitted to the SEC on Form 6-K simultaneously. The filing does not contain specific management commentary on future guidance, risks, or contingencies beyond the standard approval of past financial results.
Investor Verification Checklist
- Review Exhibit 99.1 and 99.2 for the actual 2021 financial performance metrics (revenue, net income, cash flow).
- Verify the full text of the 2021 Annual Business Report (Exhibit 99.3) for strategic updates.
- Confirm the filing of the English translation of the 2021/2020 financial statements with the SEC by April 14, 2022.
- Monitor the composition of the Board of Directors and Audit Committee as confirmed in this filing.