Business Context and Reporting Period
This Form 6-K filing by GRAVITY Co., Ltd. reports on the results of its Annual General Meeting of Shareholders (AGM) held on March 31, 2021. The meeting addressed the approval of consolidated and separate financial statements for the fiscal years ended December 31, 2020, and 2019, prepared under Korean IFRS.
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 financial statements for 2020 and 2019 were approved by shareholders and audited in accordance with Korean Standards on Auditing. Detailed financial figures are contained in the attached exhibits (99.1 and 99.2) rather than the body of this report.
Material Changes and Governance Actions
- Financial Statement Approval: Shareholders approved the 2020 and 2019 consolidated and separate financial statements.
- Director Reappointments: Seven directors were reappointed: Hyun Chul Park, Yoshinori Kitamura, Kazuki Morishita, Kazuya Sakai (inside directors), and Jung Yoo, Yong Seon Kwon, Kee Woong Park (independent directors).
- New Director Appointment: Mr. Heung Gon Kim was appointed as a new inside director.
- Executive Leadership: Mr. Hyun Chul Park was reappointed as Chief Executive Officer, and Mr. Yoshinori Kitamura was reappointed as Chairman of the Board.
- Director Compensation: The maximum compensation payable to directors as a group for fiscal year 2021 was set at KRW 1,400,000,000.
- Audit Committee: Messrs. Jung Yoo, Yong Seon Kwon, and Kee Woong Park were reappointed as Audit Committee members.
Outlook, Risks, and Filing Schedule
The Company expects to file its full 2020/2019 Korean IFRS consolidated and separate financial statements with the Financial Supervisory Service of Korea no later than April 14, 2021. 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 governance updates.
Investor Verification Checklist
- Review Exhibit 99.1 and 99.2 for the actual 2020 financial performance metrics (revenue, net income, cash flow).
- Verify the full text of the 2020 Annual Business Report (Exhibit 99.3) for strategic updates.
- Confirm the filing of the full Korean IFRS financial statements with the Financial Supervisory Service by April 14, 2021.
- Monitor the subsequent Form 6-K submission for the English translation of the 2020 financial statements.