Business Context and Reporting Period
This Form 6-K filing by GRAVITY Co., Ltd. serves as a public notice for the Annual General Meeting of Shareholders scheduled for March 31, 2021. The filing summarizes the company's financial performance for the fiscal year ended December 31, 2020, and proposes the reappointment of directors and approval of financial statements.
Key Financial Metrics (Fiscal Year 2020)
Financial data is presented in millions of Korean Won (KRW) based on Korean IFRS. The filing provides both consolidated and non-consolidated figures.
| Metric | Consolidated 2020 | Non-Consolidated 2020 |
|---|---|---|
| Total Assets | 265,372 | 193,140 |
| Total Liabilities | 88,024 | 52,195 |
| Revenues | 405,953 | 228,996 |
| Operating Income | 89,474 | 56,675 |
| Net Income | 62,556 | 39,417 |
| Total Shareholders' Equity | 177,348 | 140,945 |
The filing does not provide specific data on cash flow, debt maturity schedules, or liquidity ratios beyond the balance sheet totals.
Material Changes vs. Prior Period
Comparing fiscal year 2020 to 2019, the company reported significant growth across all major consolidated metrics:
- Revenue: Increased from 360,967 million KRW to 405,953 million KRW.
- Operating Income: Increased from 48,803 million KRW to 89,474 million KRW.
- Net Income: Increased from 39,730 million KRW to 62,556 million KRW.
- Total Assets: Increased from 175,425 million KRW to 265,372 million KRW.
- Total Liabilities: Increased from 59,659 million KRW to 88,024 million KRW.
Guidance, Outlook, and Governance
Management Commentary and Risks: The filing notes that the summarized financial statements are not completely audited and are subject to availability. The full audited statements and independent auditor's opinion will be disclosed later.
Governance Proposals:
- Director Appointments: Seven directors are nominated for reappointment, including CEO Hyun Chul Park and Chairman Yoshinori Kitamura. One new director, Heung Gon Kim (current CFO), is nominated for appointment.
- Compensation: The total remuneration limit for directors in 2021 is proposed to be maintained at 1.4 billion KRW.
The filing does not contain specific forward-looking guidance, revenue forecasts, or detailed risk factors beyond the standard audit disclaimer.
Investor Verification Checklist
- Verify the final audited consolidated and non-consolidated financial statements once disclosed to confirm the summarized figures.
- Review the independent auditor's opinion for any qualifications or emphasis of matter.
- Confirm the outcome of the shareholder vote on the appointment of Heung Gon Kim as a director.
- Monitor subsequent filings for detailed cash flow statements and debt maturity profiles not included in this summary.