The accompanying consolidated financial statements include the accounts of Gravity and the consolidated subsidiaries (collectively referred to as the “Company”). Details of the consolidated subsidiaries as of December 31, 2017, December 31, 2016, and January 1, 2016, are as follows:
|
Subsidiary |
|
Location |
|
Ownership interest held by the Gravity (%) |
|
|
Main business |
|
|
NeoCyon, Inc. |
|
Korea |
|
|
96.11 |
% |
|
Mobile game development and service |
|
Gravity Interactive, Inc |
|
U.S.A. |
|
|
100.00 |
% |
|
Online and mobile game services |
|
Gravity Games Corp |
|
Korea |
|
|
85.50 |
% |
|
Online game development |
|
Gravity Entertainment Corp |
|
Japan |
|
|
100.00 |
% |
|
Animation production, distribution, and game services |