NEXON : Notice of Financial Results of Unlisted Other Affiliated Company

	April 25, 2019
Name of Company:	NEXON Co., Ltd.
Representative:	Owen Mahoney, Chief Executive Officer
	and President
	(Stock Code: 3659, TSE First Section)
Contact:	Koji Abe, Administration Division
Telephone:	Manager
	03-6629-5318

Notice of Financial Results of Unlisted Other Affiliated Company

NEXON Co., Ltd. ("NEXON") announced the financial results of its"other affiliated company," NXC Corporation, for the year ended December 31, 2018 as follows:

1.Summary of unlisted parent company, etc.

(1) Name		NXC Corporation
(2)	Location	3198-8,1100-ro,Jeju-si,Jeju-do, KOREA
(3)	Title/name of representative	Jungju Kim, President and Representative
		Director
(4)	Business description	Management of subsidiaries and the business
(5)	Capital	of leasing and management of real estates
		1,454 million Korean Won

2.Shareholding by shareholder category, major shareholders and directors of the parent company, etc.

(1)Shareholding by shareholder category

As of December 31, 2018

				Stock information					Sharehold
Category	Government		Financial		Foreign corporation, etc.		Individuals		ing of
	and local	Financial	instruments	Other				Total	fractional
	public	institution	business	corporation	Non-	Individuals	and Other		units
	authorities		operator		individuals
Number
of	－	－	－	1	－	－	4	5	－
sharehold
ers
Number
of shares	－	－	－	50,000	－	－	2,858,500	2,908,500	－
owned
(share)
Sharehold
ing ratio	－	－	－	1.72	－	－	98.28	100.00	－
(%)

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(2) Details about major shareholders

As of December 31, 2018

		Number of	Shares held as a
Name	Address	shares	percentage of
		owned	total issued
		(shares)	shares (%)
Jungju Kim	Jeju-do, KOREA	1,963,000	67.49
Junghyun Yoo	Jeju-do, KOREA	856,000	29.43
Wise Kids Corporation	Seoul, KOREA	50,000	1.72
Total	－	2,869,000	98.64

(Note) Shareholders owning 1/100 or more of total issued shares are listed.

(3)Details about Directors

Male 3, Female 1(Female comprises 25% of Directors and Statutory Auditors)

		Date of			Term of	Number
Title	Name		Career summary			of shares
		birth			office	owned
						(shares)
President	Jungju Kim	February	December 1994	Appointed as Director	From	1,963,000
and		22, 1968		of Nexon Corporation	March
Represent				(current NXC	31, 2019
ative				Corporation)	to
Director			December 1997	Resigned from Director	March
					30, 2022
				of same company
			July 2000	Appointed as Director
				of Xeogen, Inc.
			June 2001	Appointed as Director
				of Mobile Hands
				Company Limited
				(current Wise Kids
				Corporation)
			June 2005	Appointed as
				Representative
				Director of Nexon
				Corporation (current
				NXC Corporation)
				(current post)
			October 2005	Appointed as
				Representative
				Director of Nexon
				Corporation (current
				Nexon Korea
				Corporation)
			November 2006	Resigned from
				Representative
				Director of the same
				company
			March 2007	Appointed as
				Representative
				Director of Wizet
				Corporation (current
				NXProperties
				Corporation)
			July 2008	Appointed as Director
				of Galerie313
				Corporation (current
				post)
			2

			August 2008	Resigned from Director
				of Xeogen, Inc.
			September 2010	Appointed as Director
				of NEXON
			May 2014	Appointed as Director
				of C Program(current
				post)
			July 2016	Resigned from Director
				of NEXON
Director	Dohwa Lee	November	November 2000	Joined Samil	From	－
		16, 1973		PricewaterhouseCoope	March
				rs	31, 2019
			October 2002		to
				Registered as CPA in	March
				Korea	30, 2022
			April 2006	Joined NEXON Korea
				Corporation
			September 2009	Appointed as
				Accounting and
				Finance Division
				Manager of NEXON
			January 2012	Appointed as director
				of NEXON Networks
				Corporation
			October 2012	Appointed as director
				of NXC Corporation
				(current post)
			November 2012	Appointed as statutory
				auditor of Gallery 313
				Co., Ltd. (current post)
			April 2015	Appointed as Chief
				Executive Officer of
				VIP Private Equity
				Fund I (current post)
			January 2016	Appointed as statutory
				auditor of Gaseung
				Development Co., Ltd.
				(current post)
			March 2016	Appointed as Director
				of NEXON
			March 2016	Appointed as Chief
				Executive Officer of
				NXProperties
				Corporation (current
				post)
			July 2016	Resigned from Director
				of NEXON
			January 2018	Director of Korbit, Inc.
				(to present)
			March 2018	Appointed as Director
				(Audit and Supervisory
			3

				Committee Member) of
				NEXON
Director	Hak Yong	January10	November 1999	Joined Nexon	From	－
	Kim	, 1978		Corporation (current	October
				NXC Corporation)	28, 2017
			October 2014	Appointed as Director	to
					October
				of NXC Corporation	27, 2020
				(current post)
			January 2016	Appointed as Director
				of Gaseung
				Development Co., Ltd.
				(current post)
Statutory	Junghyun	April 16,	September 1995	Joined Nexon	From	856,000
Auditor	Yoo	1969		Corporation (current	March
				NXC Corporation)	31, 2019
			April 2002	Appointed as	to
					March
				Representative	31, 2022
				Director of Nexon
				Networks Corporation
			July 2003	Appointed as Director
				of Nexon Corporation
				(current NXC
				Corporation)
			July 2004	Appointed as Director
				of NXProperties
				Corporation
			March 2006	Appointed as an audit
				committee member of
				Nexon Holdings
				Corporation (current
				NXC Corporation)
			July 2008	Appointed as
				Representative
				Director of Galerie313
				Corporation
			October 2010	Appointed as Statutory
				Auditor of NXC
				Corporation (current
				post)
			Total			2,819,000

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3. Financial Statements

(1) Consolidated Financial statement

The consolidated financial statement of NXC Corporation was prepared in accordance with IFRS and NEXON Co., Ltd. is treated as "subsidiary" of NXC Corporation under IFRS.

NXC Corporation

Statements of Financial Position

December 31, 2018 and 2017

(in Korean won)		2018			2017
Assets
Current assets
Cash and cash equivalents	₩	3,357,455,178,004	₩		1,921,933,171,177
Financial assets at fair value through profit or loss		128,792,221,538			139,930,065,180
Trade receivables		356,929,775,755			367,993,583,222
Other financial assets		2,950,403,255,163			2,279,077,905,038
Other assets		122,659,637,346			133,352,207,303
Inventories		53,467,702,052			47,854,534,812
Current tax assets		18,832,621,220			6,572,243,443
		6,988,540,391,078			4,896,713,710,175
Non-current assets to be sold		4,019,482,895			-
Non-current assets
Available-for-sale financial assets		-			420,002,859,947
Financial assets at fair value through profit or loss		259,372,248,931			-
Financial assets at fair value through other comprehensive income		166,720,198,154			-
Other financial assets		89,579,716,201			79,592,428,754
Investment in associates		124,152,468,766			144,755,991,083
Property and equipment		315,429,176,425			312,794,271,338
Intangible assets		1,369,867,423,713			1,110,782,485,898
Investment property		12,371,772,430			39,349,012,977
Other assets		2,218,443,171			549,932,943
Deferred tax assets		135,053,826,646			104,064,809,252
Total assets		2,474,765,274,437			2,211,891,792,192
	₩	9,467,325,148,410	₩		7,108,605,502,367
Liabilities
Current liabilities
Trade payables		73,351,476,835			57,301,673,562
Borrowings		454,211,127,340			190,235,482,263
Other financial liabilities		1,113,700,813,706			409,532,499,745
Financial liabilities at fair value through profit or loss		13,356,819,197			-
Other liabilities		150,819,100,823			139,166,172,349
Provisions		1,016,786,649			211,564,402
Current tax liabilities		159,884,717,371			198,052,242,590
Non-current liabilities		1,966,340,841,921			994,499,634,911
Borrowings		71,697,551,740			96,817,968,938
Other financial liabilities		36,350,132,504			117,659,442,666
Financial liabilities at fair value through profit or loss		219,216,919,244			-
Other liabilities		177,425,610,735			77,594,667,441
Provisions		5,063,970,538			4,184,478,279
Net defined benefit liabilities		8,981,046,654			4,590,851,862
Deferred tax liabilities		291,269,030,493			317,015,517,006
Total liabilities		810,004,261,908			617,862,926,192
		2,776,345,103,829			1,612,362,561,103
Equity attributable to owners of the Parent
Capital stock		1,454,250,000			1,454,250,000
Paid-in capital in excess of par value		5,257,138,814			5,257,138,814
Other components of equity		840,763,271,556			740,982,715,942
Retained earnings		2,619,773,655,037			2,403,719,195,126
Non-controlling interest		3,223,731,729,174			2,344,829,641,382
Total equity		6,690,980,044,581			5,496,242,941,264
Total liabilities and equity	₩	9,467,325,148,410	₩		7,108,605,502,367

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