Details of receivables from and payables to related parties as of December 31, 2017, 2016 and January 1, 2016 are as follows:
|
|
|
|
|
December 31, 2017 |
|
|
December 31, 2016 |
|
|
January 1, 2016 |
|
|||||||||||||||||||||
|
|
|
|
|
(In millions of Korean won) |
|
|||||||||||||||||||||||||||
|
Related parties classification |
|
Entity |
|
Receivable |
|
|
Payables |
|
|
Receivable |
|
|
Payables |
|
|
Receivable |
|
|
Payables |
|
||||||||||||
|
Parent company |
|
Gung-Ho Online Entertainment, Inc. (*1) |
|
|
|
775 |
|
|
|
|
3 |
|
|
|
|
1,116 |
|
|
|
|
3,025 |
|
|
|
|
1,261 |
|
|
|
|
4,702 |
|
|
Other related company |
|
ACQUIRE Corp (*2) |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
10 |
|
|
Total |
|
|
|
|
|
775 |
|
|
|
|
3 |
|
|
|
|
1,116 |
|
|
|
|
3,025 |
|
|
|
|
1,261 |
|
|
|
|
4,712 |
|
|
(*1) |
In February 2016, the license and distribution agreement for Ragnarok Online II with GungHo Online Entertainment Inc. was terminated and as part of the termination, $5 million in initial payments received from GungHo Online Entertainment Inc., which were recorded as long-term deferred revenue as of December 31, 2015, was refunded in four equal payments by the end of the December 2017. |
(*2) ACQUIRE Corp. is a subsidiary of GungHo Online Entertainment, Inc.
The details of sales and purchases with related parties for the years ended December 31, 2017 and 2016 are as follows
|
|
|
|
|
2017 |
|
|
2016 |
|
||||||||||||||
|
Related parties classification |
|
Entity |
|
Sales |
|
|
Purchase |
|
|
Sales |
|
|
Purchase |
|
||||||||
|
Parent company |
|
Gung-Ho Online Entertainment, Inc. |
|
|
|
10,529 |
|
|
|
|
36 |
|
|
|
|
10,667 |
|
|
|
|
36 |
|
|
Other related company |
|
ACQUIRE Corp |
|
|
|
— |
|
|
|
|
— |
|
|
|
|
— |
|
|
|
|
3 |
|
|
Total |
|
|
|
|
|
10,529 |
|
|
|
|
36 |
|
|
|
|
10,667 |
|
|
|
|
39 |
|